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Category: Commerce

  • MIL-OSI United Kingdom: International trade mission to Ukraine deepens industry ties and boosts growth

    Source: United Kingdom – Executive Government & Departments 3

    First-of-its-kind international defence trade mission to Kyiv deepens industry ties between Ukraine and its allies

    The UK and allies have deepened industry ties with Ukraine by leading a first-of-its-kind international defence trade mission to Kyiv this week.

    Led by the Minister for the Armed Forces, the trade delegation, which included Norway and The Netherlands, met with Ukrainian ministers, officials, and industry partners to strengthen strategic partnerships and enhance defence cooperation in support of Ukraine.  

    This was the fifth trade mission to Ukraine by Britain’s Task Force HIRST, but the first in conjunction with allies, setting a blueprint for future trade missions to be international as the norm.

    Following the visit, UK companies have agreed to work more closely with Ukrainian partners, agreeing to new commitments that will build on previous agreements and boost their capabilities.

    Despite a significant Russian airstrike targeting Kyiv on Wednesday morning this week, which killed one innocent civilian, the trade mission went ahead successfully, highlighting that the UK and our Allies will not be intimidated by Putin’s brutal tactics.

    With firms across the UK ramping up defence production to meet Ukraine’s requirements, support for Ukraine will directly boost the UK defence sector, create UK jobs, and deliver on this Government’s growth agenda and Plan for Change.

    Minister for the Armed Forces, Luke Pollard MP said:

    The UK is continuing to lead the way on global support for Ukraine. By strengthening defence industry ties with allies, we are providing Ukraine with the firepower it needs on the battlefield, whilst bolstering our own defence industrial base —creating jobs and driving investment.

    Our partnerships with The Netherlands, Norway, and Ukraine will help build resilient supply chains to ensure we put Ukraine in the strongest possible position to achieve a just and lasting peace through strength.

    We will stand with our allies to support Ukraine for as long as it takes.

    The Minister, along with officials from the Ministry of Defence and Department for Business and Trade, attended meetings focused on continuing to develop the industrial relationship with Ukraine, boosting their capabilities on the battlefield, whilst supporting growth back in the UK.

    The Ministry of Defence set up Task Force HIRST to drive increases in UK, Ukrainian and allies’ industrial capacity to support the Armed Forces of Ukraine, as well as national military resilience.

    Kevin Craven, CEO of ADS said:

    Our continued industrial partnership with the Ukraine will be pivotal if we are to strengthen our collective security. It is an honour for ADS and our members to work in such close collaboration with Ukraine.

    UK support to Ukraine has, at its heart, the knowledge that helping Ukraine is protecting our values and way of life.

    The visit coincided with the NATO meeting of defence ministers, where the Defence Secretary announced a new £150 million package of military aid to Ukraine. 

    The £150 million package includes thousands of drones, dozens of battle tanks and more than 50 armoured and protective vehicles to be deployed to Ukraine by the end of spring, building on the thousands of pieces of equipment the UK has already given to Ukraine. 

    In a boost to the UK’s economy, the package also includes a multi-million-pound contract with UK defence firm Babcock, who will train Ukrainian personnel to maintain and repair crucial equipment such as Challenger 2 tanks, self-propelled artillery, and combat reconnaissance vehicles inside Ukraine. Through this agreement, equipment can be serviced and returned to the frontline quicker. 

    This is part of the UK’s unprecedented £4.5 billion pledge for Ukraine this year, its highest-ever level.

    The Government is clear that the security of the UK starts in Ukraine and is therefore committed to Ukraine’s long-term security as a foundation for the government’s Plan for Change.

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    Updates to this page

    Published 14 February 2025

    MIL OSI United Kingdom –

    February 15, 2025
  • MIL-OSI: 180 Degree Capital Corp. Issues Q4 2024 Shareholder Letter

    Source: GlobeNewswire (MIL-OSI)

    Montclair, NJ, Feb. 14, 2025 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) today issued the following Q4 2024 Shareholder Letter:

    Fellow Shareholders,

    We are incredibly proud of our recent announcement of the signing of a definitive agreement for 180 Degree Capital Corp. (“180 Degree Capital”) to enter into a business combination (the “Business Combination”) with Mount Logan Capital Inc. (“Mount Logan”). For those of you who have not had a chance to listen to our joint call with the team from Mount Logan or review the presentation deck that summarizes the proposed transaction, both can be found at https://ir.180degreecapital.com/ir-calendar/detail/2908/180-degree-capital-and-mount-logan-capital-proposed-merger. We expect to file a registration statement and joint proxy statement/prospectus with the Securities and Exchange Commission (the “SEC”) soon. This document will give us the opportunity to speak with our shareholders more extensively about the proposed Business Combination and the process that led to our Board’s unanimous approval of this strategically important transaction.

    This proposed transaction is not the end of 180 Degree Capital. We believe it is the logical next step in our evolution. It is also an opportunity that is not afforded commonly to closed-end funds, particularly since we believe most have limited differentiation. We believe there are clear reasons why 180 Degree Capital has this truly unique opportunity to combine with an asset manager and to transition to an operating company. We will get to those below, but first, I want to touch on why we believe Mount Logan is a proverbial “diamond in the rough.”

    Mount Logan has the following attributes that we believe will provide value to 180 Degree Capital shareholders:

    • Mount Logan has what we believe to be an outstanding management team comprised of its CEO, Ted Goldthorpe, its Co-Presidents, Matthias Ederer and Henry Wang, and its CFO, Nikita Klassen;
    • Mount Logan’s asset management platform has approximately $2.4+ billion of assets under management (as of September 30, 2024) that we believe generates predictable fee revenue that can be used to benefit the growth of the combined company and its shareholders;
    • Mount Logan has operational leverage and unique investment access through its association with BC Partners, a leading global private equity and credit firm;
    • Mount Logan is focused on what we believe is the fast-growing market of private credit;
    • We believe that Mount Logan remains undiscovered by the majority of investors due to it being listed on the Cboe Canada exchange rather than a US national exchange; and
    • We believe Mount Logan is significantly undervalued by public market investors.

    For 35 years, I have been a value investor attempting to uncover great companies that I believe are trading below their intrinsic value. As we spent more time with Ted and his colleagues over the past six months, it became abundantly clear to us that 1) we believe Mount Logan is one of these great undiscovered and undervalued companies and 2) the combination of our two companies has the potential to unlock substantial value for 180 Degree Capital shareholders by:

    1. Shifting the valuation of our business from one based on net asset value to a valuation based on operating metrics with a foundation of what we believe will be more predictable fee-related revenues attributed to earnings from the management of permanent and semi-permanent capital vehicles. Other similar businesses commonly trade based on multiples of operating metrics rather than discounts to net asset value.
    2. Changing to an asset-light operating company that leverages an association with BC Partners enables economies of scale that are not possible at 180 Degree Capital’s current size; and
    3. Substantially increasing the available capital for us to be able to leverage our relationships with small and microcapitalization public companies, to develop capital structure solutions that seek to unlock value and generate favorable risk-adjusted returns.

    I, as the largest individual shareholder of 180 Degree Capital, and Daniel as a top-ten shareholder, could not be more excited about the future of the combined entity. We believe the proposed Business Combination to be the best opportunity to build value for all shareholders of 180 Degree Capital. We believe strongly in 180 Degree Capital’s future under the leadership of Ted and his colleagues. I have been an investor in the public markets for 35 years, during which investors entrusted me with billions of dollars of capital. We are interested in building true value for shareholders over the short and long term. We believe this combination achieves both of these objectives.

    We are not the only ones who understand the potential for value creation from this Business Combination. Some of our largest shareholders have signed either voting agreements or non-binding indications of support, that when combined with ownership of management and the board, account for approximately 27% of our outstanding shares in the aggregate. We appreciate the time and consideration these shareholders spent to understand the merits of this proposed Business Combination and their support for it.

    While we work toward filing the registration statement and joint proxy statement/prospectus for the proposed Business Combination with the SEC, we thought this would be a good time to reflect on our successes since the start of 180 Degree Capital in 2017. We believe that these successes have enabled us to enter at this next phase of 180 Degree Capital’s evolution and value creation for our fellow shareholders. Here are some of the data points we are proud of and show our contributions since I joined 180 Degree Capital’s predecessor company board of directors in June 2016, when we started 180 Degree Capital at the end of 2016, and the end of last year:

      June 30, 2016 December 31, 2016 December 31, 2024 Change from December 31, 2016
    Day-to-Day Operating Expenses ~$6.0 million ~$6.3 million ~$3.5 million -44%
    % Private Investments 86% 92% <1% -91%
    % Public Investments 14% 8% >99% +91%
    % Cash + Public Securities of NAV 21%1 27% 102% +75%
    Insider Ownership 2.1%2 2.6%2 12.7% +10.1%

    1. Net of $5,000,000 in debt on balance sheet as of June 30, 2016.
    2. Excludes restricted stock subject to forfeiture provisions. The equity compensation program was terminated in March 2017 in conjunction with 180 Degree Capital’s transition from a business development company to a registered closed-end fund.

    We slashed expenses, in part by transitioning from a business development company to a registered closed-end fund structure. A collateral impact of this transition was the elimination of our ability to compensate employees through the issuance of options or restricted stock. We didn’t care. It was the right decision for our shareholders. We transitioned the balance sheet. We substantially increased insider ownership through solely open market purchases. As noted previously, no equity was given to the management team or other employees as compensation. No one has bought and held more stock in the open market than me during that time period.

    As the table below shows, we believe our shareholders have benefited from our ability to generate positive returns on our investments since we took over management of 180 Degree Capital. These returns were offset by material declines in the legacy private portfolio that we inherited.

    Public Portfolio
    Contribution to Change in NAV
    (2017-2024)
    Legacy Private Portfolio
    Contribution to Change in NAV
    (2017-2024)
    +$3.13/share -$2.41/share
      TURN Public Portfolio Gross Total (Excluding SMA Carried Interest) TURN Public Portfolio Gross Total (Including SMA Carried Interest) Change in NAV Change in Stock Price Russell Microcap Index Lipper Peer Group Average
    Inception to Date
    Q4 2016 – Q4 2024
    +185.7% +204.5% -33.9% -11.4% +68.5% +81.8%

    Math is math. Our public market investment strategy over the history of 180 Degree Capital outperformed our comparable peers and indices. It is fair to ask why our stock price has not followed. We believe it is largely because of the significant negative impact of the private portfolio that we inherited, and the discounts disproportionately applied to closed-end funds of our size. Hence, I come back to our proposed Business Combination with Mount Logan, and what we believe it can do to potentially unlock value for 180 Degree Capital shareholders when we are no longer constrained by the market dynamics ascribed to closed-end funds.

    We will let our upcoming registration statement and included joint proxy statement/prospectus provide the truth to our shareholders regarding how and why our Board unanimously approved this proposed Business Combination. In the meantime, our work over the prior eight years set up 180 Degree Capital for this next phase of what we believe will be long-term shareholder value creation. We realize our lack of scale has caused our expense ratio to be too high. We believe we have uncovered a unique solution for that and other growth-limiting issues with our proposed Business Combination. Our Board and management team firmly believe that this Business Combination is in the best interest of all of our shareholders. We could not be more excited about the potential for future value creation as a result of combining with Mount Logan, and we look forward to discussing this proposed combination with all of you and prospective future shareholders of the combined entity.

    All the best,

    Kevin M. Rendino
    Chairman and Chief Executive Officer

    About 180 Degree Capital Corp.

    180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 Degree Capital and its holdings can be found on its website at www.180degreecapital.com.

    Press Contact:
    Daniel B. Wolfe
    Robert E. Bigelow
    180 Degree Capital Corp.
    973-746-4500
    ir@180degreecapital.com

    Additional Information and Where to Find It

    In connection with the proposed Business Combination, 180 Degree Capital intends to file with the SEC and mail to its shareholders a proxy statement on Schedule 14A (the “Proxy Statement”), containing a form of WHITE proxy card. In addition, the surviving Delaware corporation, Mount Logan Capital Inc. (“New Mount Logan”) plans to file with the SEC a registration statement on Form S-4 (the “Registration Statement”) that will register the exchange of New Mount Logan shares in the Business Combination and include the Proxy Statement and a prospectus of New Mount Logan (the “Prospectus”). The Proxy Statement and the Registration Statement (including the Prospectus) will each contain important information about 180 Degree Capital, Mount Logan, New Mount Logan, the Business Combination and related matters. SHAREHOLDERS OF 180 DEGREE CAPITAL AND MOUNT LOGAN ARE URGED TO READ THE PROXY STATEMENT AND PROSPECTUS CONTAINED IN THE REGISTRATION STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE APPLICABLE SECURITIES REGULATORY AUTHORITIES AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT 180 DEGREE CAPITAL, MOUNT LOGAN, NEW MOUNT LOGAN, THE BUSINESS COMBINATION AND RELATED MATTERS. Investors and security holders may obtain copies of these documents and other documents filed with the applicable securities regulatory authorities free of charge through the website maintained by the SEC at https://www.sec.gov and the website maintained by the Canadian securities regulators at www.sedarplus.ca. Copies of the documents filed by 180 Degree Capital are also available free of charge by accessing 180 Degree Capital’s investor relations website at https://ir.180degreecapital.com.

    Certain Information Concerning the Participants

    180 Degree Capital, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with the Business Combination. Information about 180 Degree Capital’s executive officers and directors is available in 180 Degree Capital’s Annual Report filed on Form N-CSR for the year ended December 31, 2024, which was filed with the SEC on February 13, 2025, and in its proxy statement for the 2024 Annual Meeting of Shareholders (“2024 Annual Meeting”), which was filed with the SEC on March 1, 2024. To the extent holdings by the directors and executive officers of 180 Degree Capital securities reported in the proxy statement for the 2024 Annual Meeting have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at https://www.sec.gov. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the 180 Degree Capital shareholders in connection with the Business Combination will be contained in the Proxy Statement when such document becomes available.

    Mount Logan, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Mount Logan in favor of the approval of the Business Combination. Information about Mount Logan’s executive officers and directors is available in Mount Logan’s annual information form dated March 14, 2024, available on its website at https://mountlogancapital.ca/investor-relations and on SEDAR+ at https://sedarplus.ca. To the extent holdings by the directors and executive officers of Mount Logan securities reported in Mount Logan’s annual information form have changed, such changes have been or will be reflected on insider reports filed on SEDI at https://www.sedi.ca/sedi/. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the Mount Logan shareholders in connection with the Business Combination will be contained in the Prospectus included in the Registration Statement when such document becomes available.

    Non-Solicitation

    This letter and the materials accompanying it are not intended to be, and shall not constitute, an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

    Forward-Looking Statements

    This letter and the materials accompanying it, and oral statements made from time to time by representatives of 180 Degree Capital and Mount Logan, may contain statements of a forward-looking nature relating to future events within the meaning of federal securities laws. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “could,” “continue,” “estimate,” “expects,” “intends,” “will,” “should,” “may,” “plan,” “predict,” “project,” “would,” “forecasts,” “seeks,” “future,” “proposes,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions). Forward-looking statements are not statements of historical fact and reflect Mount Logan’s and 180 Degree Capital’s current views about future events. Such forward-looking statements include, without limitation, statements about the benefits of the Business Combination involving Mount Logan and 180 Degree Capital, including future financial and operating results, Mount Logan’s and 180 Degree Capital’s plans, objectives, expectations and intentions, the expected timing and likelihood of completion of the Business Combination, and other statements that are not historical facts, including but not limited to future results of operations, projected cash flow and liquidity, business strategy, payment of dividends to shareholders of New Mount Logan, and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this press release will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation, the ability to obtain the requisite Mount Logan and 180 Degree Capital shareholder approvals; the risk that Mount Logan or 180 Degree Capital may be unable to obtain governmental and regulatory approvals required for the Business Combination (and the risk that such approvals may result in the imposition of conditions that could adversely affect New Mount Logan or the expected benefits of the Business Combination); the risk that an event, change or other circumstance could give rise to the termination of the Business Combination; the risk that a condition to closing of the Business Combination may not be satisfied; the risk of delays in completing the Business Combination; the risk that the businesses will not be integrated successfully; the risk that the cost savings and any other synergies from the Business Combination may not be fully realized or may take longer to realize than expected; the risk that any announcement relating to the Business Combination could have adverse effects on the market price of Mount Logan’s common stock or 180 Degree Capital’s common stock; unexpected costs resulting from the Business Combination; the possibility that competing offers or acquisition proposals will be made; the risk of litigation related to the Business Combination; the risk that the credit ratings of New Mount Logan or its subsidiaries may be different from what the companies expect; the diversion of management time from ongoing business operations and opportunities as a result of the Business Combination; the risk of adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Business Combination; competition, government regulation or other actions; the ability of management to execute its plans to meet its goals; risks associated with the evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions; natural and man-made disasters; civil unrest, pandemics, and conditions that may result from legislative, regulatory, trade and policy changes; and other risks inherent in Mount Logan’s and 180 Degree Capital’s businesses. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Readers should carefully review the statements set forth in the reports, which 180 Degree Capital has filed or will file from time to time with the SEC and Mount Logan has filed or will file from time to time on SEDAR+.

    Neither Mount Logan nor 180 Degree Capital undertakes any obligation, and expressly disclaims any obligation, to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Any discussion of past performance is not an indication of future results. Investing in financial markets involves a substantial degree of risk. Investors must be able to withstand a total loss of their investment. The information herein is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions. The references and link to the website www.180degreecapital.com and mountlogancapital.ca have been provided as a convenience, and the information contained on such websites are not incorporated by reference into this press release. Neither 180 Degree Capital nor Mount Logan is responsible for the contents of third-party websites.

    The MIL Network –

    February 15, 2025
  • MIL-OSI Asia-Pac: Belt-Road professional forum held

    Source: Hong Kong Information Services

    The Belt & Road Cross-Professional Forum took place today to promote Hong Kong’s professional services with the goal of deepening the sector’s collaboration with business communities of Belt & Road countries and the Mainland.

    Secretary for Commerce & Economic Development Algernon Yau emphasised Hong Kong’s role as a super connector as he highlighted the Belt & Road Initiative as being a key pillar in stabilising global economic development amid uncertainties.

    Mr Yau said: “The US government announced plans to impose various kinds of tariffs on its imports, affecting a great many economies, including ours.

    “It is of critical importance for both businesses and governments to adapt and face the challenges.

    “From 2013 to 2022, Hong Kong’s direct investment position in Belt & Road countries tripled to nearly US$120 billion. In around the same period, our merchandise trade with Belt & Road countries surged by about 60%. Hong Kong’s business appeal has been growing, as both a super connector and a super value-adder.”

    Mr Yau encouraged enterprises from the Mainland and Belt & Road countries to set up operations in Hong Kong, leveraging its world-class quality services and complementary support to expand into target markets effectively.

    He also urged Hong Kong enterprises and professional services to partner with Mainland and Belt & Road enterprises to jointly explore new business opportunities through “bringing in and going global” – on one hand partnering with Mainland enterprises to jointly venture into new markets along the Belt & Road, and on the other hand assisting enterprises from Belt & Road countries in tapping the vast Mainland market to promote the prosperous growth of the Belt & Road.

    The forum attracted over 250 participants, with over 30 business leaders sharing the latest business opportunities under the Belt & Road Initiative and showcasing dozens of business cases and potential projects in areas such as finance, law, and innovation and technology.

    MIL OSI Asia Pacific News –

    February 15, 2025
  • MIL-OSI Economics: Global Trade Outlook 2025: Industry Insights

    Source: International Chamber of Commerce

    Headline: Global Trade Outlook 2025: Industry Insights

    Share this:

    What are businesses saying about trade policy?

    Our recent industry consultations and roundtables reveal pressing concerns from the global business community:

    • Businesses of all sizes emphasize that policy uncertainty is their greatest challenge for planning investments, managing supply chains and creating jobs
    • Companies report that costly adaptations to trade restrictions are affecting innovation and profitability while providing no guaranteed protection against major disruptions
    • Supply chain resilience efforts face practical constraints, including skilled worker shortages and limited supplier availability

    What does business say is fundamental?

    The following key priorities emerged from our consultations and roundtables:

    • Active business participation in trade policy discussions to ensure industry perspectives are heard
    • A strong rules-based trading system anchored in a fully functioning World Trade Organization (WTO)
    • Stability and predictability for making informed long-term business decisions

    How can we strengthen the trading system?

    ICC calls for three concrete actions:

    Governments should pursue complementary dialogue through plurilateral initiatives that can deliver tangible benefits.

    WTO member states should reinvigorate multilateral trade talks by identifying practical areas where grand bargains could be secured to address major trade frictions.

    Stakeholders should work to enhance negotiation mechanisms that can effectively address emerging trade challenges.

    Download the full policy brief for more insights from our business consultations.

    Connect with our trade experts to share your perspectives or learn more about ICC’s trade initiatives:

    Valerie Picard, Head of Trade

    Mélanie Laloum, Lead Economist

    Related publications

    MIL OSI Economics –

    February 15, 2025
  • MIL-OSI Asia-Pac: Central Consumer Protection Authority (CCPA) imposes penalty of ₹ 3 Lakh on coaching institute for advertising misleading claims of IIT- JEE results

    Source: Government of India

    Central Consumer Protection Authority (CCPA) imposes penalty of ₹ 3 Lakh on coaching institute for advertising misleading claims of IIT- JEE results

    46 notices to various coaching institutes issued so far

    Posted On: 14 FEB 2025 12:00PM by PIB Delhi

    The Central Consumer Protection Authority (CCPA) has imposed penalty of ₹ 3 lakh on IITian’s Prashikshan Kendra Pvt. Ltd. (IITPK) for advertising misleading claims regarding result of IIT- JEE examination. The decision was taken to ensure that no false or misleading advertisement is made of any goods or services which contravenes the provisions of the Consumer Protection Act, 2019.

    CCPA has so far issued 46 notices to various coaching institutes for misleading advertisements. The CCPA has imposed penalty of 77 lakhs 60 thousand on 24 coaching institutes and directed them to discontinue the misleading advertisements.

    In view of the violation of the Consumer Protection Act, 2019, the CCPA, headed by Chief Commissioner, Smt. Nidhi Khare, and Commissioner, Shri Anupam Mishra has issued an Order against IITian’s Prashikshan Kendra Pvt. Ltd. (IITPK).

    False impression of national level toppers: The institute’s advertisements prominently featured titles such as “IIT Topper” and “NEET Topper” alongside the bold numbers ‘1’ and ‘2’ in front of candidate names and pictures. This misrepresentation was designed to create the deceptive impression that these students had secured All India Rank in respective examinations. The institute deliberately concealed that students were merely toppers within the institute, not at the national level. These misrepresentation can significantly influence the decisions of students who are the target audience (primarily students of classes 7th to 12th, aged 14-17). They are likely to assume that the institute consistently produces top national performers, thus influencing their choice of coaching institute under false pretenses.

    Misleading claims of IIT ranks: The institute claimed, “1384 IIT Ranks in the past 21 years by IITPK,” suggesting that 1384 students coached by the institute secured admission into the prestigious Indian Institutes of Technology (IITs). Deceptive Implications: The advertisement did not clarify that not all 1384 students were selected into IITs. By using the phrase “IIT Ranks,” the institute misled consumers into believing that these students exclusively secured admission into IITs, thereby exaggerating its success rate. Upon investigation, the CCPA (Central Consumer Protection Authority) found that the list provided by the institute included students admitted to a variety of institutions, including IITs, IIITs, NITs, BITS, Manipal University, VIT Vellore, PICT Pune, MIT Pune, VIT Pune, and other educational institutions.

    Misleading success ratio claims: Inflated and Unqualified Statements: The institute used bold claims such as “Highest success ratio year after year,” “Best success ratio for 21 years,” and “Success Ratio at 61%” in its advertisements. These statements were presented without any supporting data or context, leading consumers to believe that 61% of the institute’s students secure admission into IITs. The institute did not provide any comparative analysis or third-party verification to substantiate these claims.  During hearings, the institute submitted that the term “Success Ratio” was clarified during webinars and one-on-one counseling sessions. However, the primary platform for these claims was the advertisements themselves, where no such clarification was provided. This strategy misleads potential students and parents by not presenting crucial information upfront.

    The CCPA found that the institute deliberately concealed important information that would have helped students make an informed decision when choosing a course or coaching institute/platform. Therefore, CCPA deemed it necessary to impose a penalty in the interest of impressionable students and address false or misleading advertisements and unfair trade practices.

    (Final Order is available on the Central Consumer Protection Authority website https://doca.gov.in/ccpa/orders-advisories.php?page_no=1)

    ****

    Abhishek Dayal/Nihi Sharma

    (Release ID: 2103128) Visitor Counter : 27

    MIL OSI Asia Pacific News –

    February 15, 2025
  • MIL-OSI Asia-Pac: India – U.S. Joint Statement during the visit of Prime Minister of India to US

    Source: Government of India (2)

    Posted On: 14 FEB 2025 9:07AM by PIB Delhi

    The President of the United States of America, The Honorable Donald J. Trump hosted the Prime Minister of India, Shri Narendra Modi for an Official Working Visit in Washington, DC on February 13, 2025.

    As the leaders of sovereign and vibrant democracies that value freedom, the rule of law, human rights, and pluralism, President Trump and Prime Minister Modi reaffirmed the strength of the India-U.S. Comprehensive Global Strategic Partnership, anchored in mutual trust, shared interests, goodwill and robust engagement of their citizens.

    Today, President Trump and Prime Minister Modi launched a new initiative – the “U.S.-India COMPACT (Catalyzing Opportunities for Military Partnership, Accelerated Commerce & Technology) for the 21st Century” – to drive transformative change across key pillars of cooperation. Under this initiative, they committed to a results-driven agenda with initial outcomes this year to demonstrate the level of trust for a mutually beneficial partnership.

    Defense

    Highlighting the deepening convergence of U.S.-India strategic interests, the leaders reaffirmed their unwavering commitment to a dynamic defense partnership spanning multiple domains. To advance defense ties further, the leaders announced plans to sign this year a new ten-year Framework for the U.S.-India Major Defense Partnership in the 21st Century.

    The leaders welcomed the significant integration of U.S.-origin defense items into India’s inventory to date, including C‑130J Super Hercules, C‑17 Globemaster III, P‑8I Poseidon aircraft; CH‑47F Chinooks, MH‑60R Seahawks, and AH‑64E Apaches; Harpoon anti-ship missiles; M777 howitzers; and MQ‑9Bs. The leaders determined that the U.S. would expand defense sales and co-production with India to strengthen interoperability and defense industrial cooperation. They announced plans to pursue this year new procurements and co-production arrangements for “Javelin” Anti-Tank Guided Missiles and “Stryker” Infantry Combat Vehicles in India to rapidly meet India’s defense requirements. They also expect completion of procurement for six additional P-8I Maritime Patrol aircraft to enhance India’s maritime surveillance reach in the Indian Ocean Region following agreement on sale terms.

    Recognizing that India is a Major Defense Partner with Strategic Trade Authorization-1 (STA‑1) authorization and a key Quad partner, the U.S. and India will review their respective arms transfer regulations, including International Traffic in Arms Regulations (ITAR), in order to streamline defense trade, technology exchange and maintenance, spare supplies and in-country repair and overhaul of U.S.-provided defense systems. The leaders also called for opening negotiations this year for a Reciprocal Defense Procurement (RDP) agreement to better align their procurement systems and enable the reciprocal supply of defense goods and services. The leaders pledged to accelerate defense technology cooperation across space, air defense, missile, maritime and undersea technologies, with the U.S. announcing a review of its policy on releasing fifth generation fighters and undersea systems to India.

    Building on the U.S.-India Roadmap for Defense Industrial Cooperation and recognizing the rising importance of autonomous systems, the leaders announced a new initiative – the Autonomous Systems Industry Alliance (ASIA) – to scale industry partnerships and production in the Indo-Pacific. The leaders welcomed a new partnership between Anduril Industries and Mahindra Group on advanced autonomous technologies to co-develop and co-produce state-of-the-art maritime systems and advanced AI-enabled counter Unmanned Aerial System (UAS) to strengthen regional security, and between L3 Harris and Bharat Electronics for co-development of active towed array systems.

    The leaders also pledged to elevate military cooperation across all domains – air, land, sea, space, and cyberspace – through enhanced training, exercises, and operations, incorporating the latest technologies. The leaders welcomed the forthcoming “Tiger Triumph” tri-service exercise (first inaugurated in 2019) with larger scale and complexity to be hosted in India.

    Finally, the leaders committed to break new ground to support and sustain the overseas deployments of the U.S. and Indian militaries in the Indo-Pacific, including enhanced logistics and intelligence sharing, as well as arrangements to improve force mobility for joint humanitarian and disaster relief operations along with other exchanges and security cooperation engagements.

    Trade and Investment

    The leaders resolved to expand trade and investment to make their citizens more prosperous, nations stronger, economies more innovative and supply chains more resilient. They resolved to deepen the U.S.-India trade relationship to promote growth that ensures fairness, national security and job creation. To this end, the leaders set a bold new goal for bilateral trade – “Mission 500” – aiming to more than double total bilateral trade to $500 billion by 2030.

    Recognizing that this level of ambition would require new, fair-trade terms, the leaders announced plans to negotiate the first tranche of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025. The leaders committed to designate senior representatives to advance these negotiations and to ensure that the trade relationship fully reflects the aspirations of the COMPACT. To advance this innovative, wide-ranging BTA, the U.S. and India will take an integrated approach to strengthen and deepen bilateral trade across the goods and services sector, and will work towards increasing market access, reducing tariff and non-tariff barriers, and deepening supply chain integration.

    The leaders welcomed early steps to demonstrate mutual commitment to address bilateral trade barriers. The United States welcomed India’s recent measures to lower tariffs on U.S. products of interest in the areas of bourbon, motorcycles, ICT products and metals, as well as measures to enhance market access for U.S. agricultural products, like alfalfa hay and duck meat, and medical devices. India also expressed appreciation for U.S. measures taken to enhance exports of Indian mangoes and pomegranates to the United States. Both sides also pledged to collaborate to enhance bilateral trade by increasing U.S. exports of industrial goods to India and Indian exports of labor-intensive manufactured products to the United States. The two sides will also work together to increase trade in agricultural goods.

    Finally, the leaders committed to drive opportunities for U.S. and Indian companies to make greenfield investments in high-value industries in each other’s countries. In this regard, the leaders welcomed ongoing investments by Indian companies worth approximately $7.35 billion, such as those by Hindalco’s Novelis in finished aluminum goods at their state-of-the art facilities in Alabama and Kentucky; JSW in steel manufacturing operations at Texas and Ohio; Epsilon Advanced Materials in the manufacture of critical battery materials in North Carolina; and Jubilant Pharma in the manufacture of injectables in Washington. These investments support over 3,000 high-quality jobs for local families.

    Energy Security

    The leaders agreed that energy security is fundamental to economic growth, social well-being and technical innovation in both countries. They underscored the importance of U.S.-India collaboration to ensure energy affordability, reliability, and availability and stable energy markets. Realizing the consequential role of the U.S. and India, as leading producers and consumers, in driving the global energy landscape, the leaders re-committed to the U.S.-India Energy Security Partnership, including in oil, gas, and civil nuclear energy.

    The leaders underscored the importance of enhancing the production of hydrocarbons to ensure better global energy prices and secure affordable and reliable energy access for their citizens. The leaders also underscored the value of strategic petroleum reserves to preserve economic stability during crises and resolved to work with key partners to expand strategic oil reserve arrangements. In this context, the U.S. side affirmed its firm support for India to join the International Energy Agency as a full member.

    The leaders reaffirmed their commitment to increase energy trade, as part of efforts to ensure energy security, and to establish the United States as a leading supplier of crude oil and petroleum products and liquified natural gas to India, in line with the growing needs and priorities of our dynamic economies. They underscored the tremendous scope and opportunity to increase trade in the hydrocarbon sector including natural gas, ethane and petroleum products as part of efforts to ensure supply diversification and energy security. The leaders committed to enhance investments, particularly in oil and gas infrastructure, and facilitate greater cooperation between the energy companies of the two countries.

    The leaders announced their commitment to fully realize the U.S.-India 123 Civil Nuclear Agreement by moving forward with plans to work together to build U.S.-designed nuclear reactors in India through large scale localization and possible technology transfer. Both sides welcomed the recent Budget announcement by Government of India to take up amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act (CLNDA) for nuclear reactors, and further decided to establish bilateral arrangements in accordance with CLNDA, that would address the issue of civil liability and facilitate the collaboration of Indian and U.S. industry in the production and deployment of nuclear reactors. This path forward will unlock plans to build large U.S.-designed reactors and enable collaboration to develop, deploy and scale up nuclear power generation with advanced small modular reactors.

    Technology and Innovation

    The leaders announced the launch of the U.S.-India TRUST (“Transforming the Relationship Utilizing Strategic Technology”) initiative, which will catalyze government-to-government, academia and private sector collaboration to promote application of critical and emerging technologies in areas like defense, artificial intelligence, semiconductors, quantum, biotechnology, energy and space, while encouraging the use of verified technology vendors and ensuring sensitive technologies are protected.

    As a central pillar of the “TRUST” initiative, the leaders committed to work with U.S. and Indian private industry to put forward a U.S.-India Roadmap on Accelerating AI Infrastructure by the end of the year, identifying constraints to financing, building, powering, and connecting large-scale U.S.-origin AI infrastructure in India with milestones and future actions. The U.S. and India will work together to enable industry partnerships and investments in next generation data centers, cooperation on development and access to compute and processors for AI, for innovations in AI models and building AI applications for solving societal challenges while addressing the protections and controls necessary to protect these technologies and reduce regulatory barriers.

    The leaders announced the launch of INDUS Innovation, a new innovation bridge modeled after the successful INDUS-X platform, that will advance U.S.-India industry and academic partnerships and foster investments in space, energy, and other emerging technologies to maintain U.S. and India leadership in innovation and to meet the needs of the 21st century. The leaders also reinforced their commitment to the INDUS-X initiative, which facilities partnerships between U.S. and Indian defense companies, investors and universities to produce critical capability for our militaries, and welcomed the next summit in 2025.

    The leaders also committed, as part of the TRUST initiative, to build trusted and resilient supply chains, including for semiconductors, critical minerals, advanced materials and pharmaceuticals. As part of this effort, the leaders plan to encourage public and private investments to expand Indian manufacturing capacity, including in the U.S., for active pharmaceutical ingredients for critical medicines. These investments will create good jobs, diversify vital supply chains, and reduce the risk of life-saving drug shortages in both the United States and India.

    Recognizing the strategic importance of critical minerals for emerging technologies and advanced manufacturing, India and the United States will accelerate collaboration in research and development and promote investment across the entire critical mineral value chain, as well as through the Mineral Security Partnership, of which both the United States and India are members. Both countries have committed to intensifying efforts to deepen cooperation in the exploration, beneficiation, and processing as well as recycling technologies of critical minerals. To this end, the leaders announced the launch of the Strategic Mineral Recovery initiative, a new U.S.-India program to recover and process critical minerals (including lithium, cobalt, and rare earths) from heavy industries like aluminum, coal mining and oil and gas.

    The leaders hailed 2025 as a pioneering year for U.S.-India civil space cooperation, with plans for a NASA-ISRO effort through AXIOM to bring the first Indian astronaut to the International Space Station (ISS), and early launch of the joint “NISAR” mission, the first of its kind to systematically map changes to the Earth’s surface using dual radars. The leaders called for more collaboration in space exploration, including on long duration human spaceflight missions, spaceflight safety and sharing of expertise and professional exchanges in emerging areas, including planetary protection. The leaders committed to further commercial space collaboration through industry engagements in conventional and emerging areas, such as connectivity, advanced spaceflight, satellite and space launch systems, space sustainability, space tourism and advanced space manufacturing.

    The leaders underscored the value of deepening ties between the U.S. and Indian scientific research communities, announcing a new partnership between the U.S. National Science Foundation and the Indian Anusandhan National Research Foundation in researching critical and emerging technologies. This partnership builds on ongoing collaboration between the U.S. National Science Foundation and several Indian science agencies to enable joint research in the areas of semiconductors, connected vehicles, machine learning, next-generation telecommunications, intelligent transportation systems, and future biomanufacturing.

    The leaders determined that their governments redouble efforts to address export controls, enhance high technology commerce, and reduce barriers to technology transfer between our two countries, while addressing technology security. The leaders also resolved to work together to counter the common challenge of unfair practices in export controls by third parties seeking to exploit overconcentration of critical supply chains.

    Multilateral Cooperation

    The leaders reaffirmed that a close partnership between the U.S. and India is central to a free, open, peaceful and prosperous Indo-Pacific region. As Quad partners, the leaders reiterated that this partnership is underpinned by the recognition of ASEAN centrality; adherence to international law and good governance; support for safety and freedom of navigation, overflight and other lawful uses of the seas; and unimpeded lawful commerce; and advocacy for peaceful resolution of maritime disputes in accordance with international law.

    Prime Minister Modi looks forward to hosting President Trump in New Delhi for the Quad leaders’ Summit, ahead of which the leaders will activate new Quad initiatives on shared airlift capacity to support civilian response to natural disasters and maritime patrols to improve interoperability.

    The leaders resolved to increase cooperation, enhance diplomatic consultations, and increase tangible collaboration with partners in the Middle East. They highlighted the importance of investing in critical infrastructure and economic corridors to advancing peace and security in the region. The leaders plan to convene partners from the India-Middle East-Europe Corridor and the I2U2 Group within the next six months in order to announce new initiatives in 2025.

    The US appreciates India’s role as a developmental, humanitarian assistance and net security provider in the Indian Ocean Region. In this context, the leaders committed to deepen bilateral dialogue and cooperation across the vast Indian Ocean region and launched the Indian Ocean Strategic Venture, a new bilateral, whole-of-government forum to advance coordinated investments in economic connectivity and commerce. Supporting greater Indian Ocean connectivity, the leaders also welcomed Meta’s announcement of a multi-billion, multi-year investment in an undersea cable project that will begin work this year and ultimately stretch over 50,000 km to connect five continents and strengthen global digital highways in the Indian Ocean region and beyond. India intends to invest in maintenance, repair and financing of undersea cables in the Indian Ocean, using trusted vendors.

    The leaders recognized the need to build new plurilateral anchor partnerships in the Western Indian Ocean, Middle East, and Indo-Pacific to grow relationships, commerce and cooperation across defense, technology, energy and critical minerals. The leaders expect to announce new partnership initiatives across these sub-regions by fall of 2025.

    The leaders also resolved to advance military cooperation in multinational settings to advance global peace and security. The leaders applauded India’s decision to take on a future leadership role in the Combined Maritime Forces naval task force to help secure sea lanes in the Arabian Sea.

    The leaders reaffirmed that the global scourge of terrorism must be fought and terrorist safe havens eliminated from every corner of the world. They committed to strengthen cooperation against terrorist threats from groups, including Al-Qa’ida, ISIS, Jaish-e Mohammad, and Lashkar-e-Tayyiba in order to prevent heinous acts like the attacks in Mumbai on 26/11 and the Abbey Gate bombing in Afghanistan on August 26, 2021. Recognizing a shared desire to bring to justice those who would harm our citizens, the U.S. announced that the extradition to India of Tahawwur Rana has been approved. The leaders further called on Pakistan to expeditiously bring to justice the perpetrators of the 26/11 Mumbai, and Pathankot attacks and ensure that its territory is not used to carry out cross-border terrorist attacks. The leaders also pledged to work together to prevent proliferation of weapons of mass destruction and their delivery systems and to deny access to such weapons by terrorists and non-state actors.

    People to People Cooperation

    President Trump and Prime Minister Modi noted the importance of advancing the people-to-people ties between the two countries. In this context, they noted that the more than 300,000 strong Indian student community contributes over $8 billion annually to the U.S. economy and helped create a number of direct and indirect jobs. They recognized that the talent flow and movement of students, researchers and employees, has mutually benefitted both countries. Recognizing the importance of international academic collaborations in fostering innovation, improving learning outcomes and development of a future-ready workforce, both leaders resolved to strengthen collaborations between the higher education institutions through efforts such as joint/dual degree and twinning programs, establishing joint Centers of Excellence, and setting up of offshore campuses of premier educational institutions of the U.S. in India.

    Both leaders emphasized that the evolution of the world into a global workplace calls for putting in place innovative, mutually advantageous and secure mobility frameworks. In this regard, the leaders committed to streamlining avenues for legal mobility of students and professionals, and facilitating short-term tourist and business travel, while also aggressively addressing illegal immigration and human trafficking by taking strong action against bad actors, criminal facilitators, and illegal immigration networks to promote mutual security for both countries.

    The leaders also committed to strengthen law enforcement cooperation to take decisive action against illegal immigration networks, organized crime syndicates, including narco-terrorists human and arms traffickers, as well as other elements who threaten public and diplomatic safety and security, and the sovereignty and territorial integrity of both nations.

    President Trump and Prime Minister Modi pledged to sustain high-level engagement between our governments, industries, and academic institutions and realize their ambitious vision for an enduring India-U.S. partnership that advances the aspirations of our people for a bright and prosperous future, serves the global good, and contributes to a free and open Indo-Pacific.

     

    ***

    MJPS/SR

    (Release ID: 2103037) Visitor Counter : 120

    MIL OSI Asia Pacific News –

    February 15, 2025
  • MIL-OSI: 180 Degree Capital Corp. Reports Net Asset Value Per Share (“NAV”) of $4.64 as of December 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    MONTCLAIR, N.J., Feb. 14, 2025 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital” and the “Company”), today reported its financial results as of December 31, 2024, and noted additional developments from the first quarter of 2025. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results.

    “We were pleased with our performance in Q4 2024 relative to the majority of our public market comparable indices,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “While our full year performance was disappointing, Q1 2025 has thus far continued and exceeded our strong performance exiting 2024. Our gross total return of +205% from inception through the end of 2024 continues to compare favorably to the +69% total return for the Russell Microcap Index.1 We are also incredibly proud and excited for our recent announcement of the signing of a definitive agreement for 180 Degree Capital to enter into a business combination (the “Business Combination”) with Mount Logan Capital Inc. (“Mount Logan”). For those of you who have not had a chance to listen to our joint call with the team from Mount Logan or review the presentation deck that summarizes the proposed transaction, both can be found at https://ir.180degreecapital.com/ir-calendar/detail/2908/180-degree-capital-and-mount-logan-capital-proposed-merger. We expect to file a registration statement and included joint proxy statement/prospectus with the Securities and Exchange Commission (the “SEC”) soon. This document will give us the opportunity to speak more extensively with our shareholders about the proposed Business Combination and what we believe are its significant benefits for all shareholders. The proxy will also describe the process that led to our Board’s unanimous approval of it.”

    “This proposed transaction is not the end of 180 Degree Capital,” continued Daniel B. Wolfe, President of 180 Degree Capital. “We believe this Business Combination is the logical next step in our evolution. It is also an opportunity that is not afforded commonly to closed-end funds, particularly since we believe most have limited differentiation. We believe there are clear reasons why 180 Degree Capital has this truly unique opportunity to combine with an asset manager and to transition to an operating company. We are not the only ones who understand the potential for value creation from this Business Combination. Some of our largest shareholders have signed either voting agreements or non-binding indications of support, that when combined with ownership of management and our Board, account for approximately 27% of our outstanding shares in the aggregate. We appreciate the time and consideration these shareholders spent to understand the merits of this proposed Business Combination and their support for it.”

    Mr. Rendino added, “I, as the largest individual shareholder of 180 Degree Capital, and Daniel as a top-ten shareholder, could not be more excited about the future of the combined entity. We believe the proposed Business Combination to be the best opportunity to build value for all shareholders of 180 Degree Capital. We believe strongly in the future of the combined entity under the leadership of Ted Goldthorpe and his colleagues. I have been an investor in the public markets for 35 years, during which investors entrusted me with billions of dollars of capital. We are interested in building true value for shareholders over the short and long term. We believe this combination achieves both of these objectives.”

    The table below summarizes 180 Degree Capital’s performance over periods of time through the end of Q4 20241:

      Quarter 1 Year 5 Year Inception to Date
      Q4 2024 Q4 2023-
    Q4 2024
    Q4 2019-
    Q4 2024
    Q4 2016-
    Q4 2024
    TURN Public Portfolio Gross Total Return (Excluding SMA Carried Interest) 7.8 % 1.0 % -10.8 % 185.7 %
    TURN Public Portfolio Gross Total Return (Including SMA Carried Interest) 7.8 % 1.0 % -4.8 % 204.5 %
             
    Change in NAV 5.5 % -7.6 % -49.5 % -33.9 %
             
    Change in Stock Price 8.7 % -10.5 % -43.1 % -11.4 %
             
    Russell Microcap Index 5.9 % 13.7 % 39.8 % 68.5 %
    Russell Microcap Growth Index 14.7 % 22.5 % 28.2 % 57.6 %
    Russell Microcap Value Index 4.3 % 9.7 % 49.3 % 77.8 %
    Russell 2000 Index 0.3 % 11.5 % 42.7 % 82.7 %
    Lipper Peer Group 1.6 % 10.8 % 52.5 % 81.8 %


    About 180 Degree Capital Corp.

    180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 Degree Capital and its holdings can be found on its website at www.180degreecapital.com.

    Press Contact:
    Daniel B. Wolfe
    Robert E. Bigelow
    180 Degree Capital Corp.
    973-746-4500
    ir@180degreecapital.com

    Additional Information and Where to Find It

    In connection with the proposed Business Combination, 180 Degree Capital intends to file with the SEC and mail to its shareholders a proxy statement on Schedule 14A (the “Proxy Statement”), containing a form of WHITE proxy card. In addition, the surviving Delaware corporation, Mount Logan Capital Inc. (“New Mount Logan”) plans to file with the SEC a registration statement on Form S-4 (the “Registration Statement”) that will register the exchange of New Mount Logan shares in the Business Combination and include the Proxy Statement and a prospectus of New Mount Logan (the “Prospectus”). The Proxy Statement and the Registration Statement (including the Prospectus) will each contain important information about 180 Degree Capital, Mount Logan, New Mount Logan, the Business Combination and related matters. SHAREHOLDERS OF 180 DEGREE CAPITAL AND MOUNT LOGAN ARE URGED TO READ THE PROXY STATEMENT AND PROSPECTUS CONTAINED IN THE REGISTRATION STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE APPLICABLE SECURITIES REGULATORY AUTHORITIES AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT 180 DEGREE CAPITAL, MOUNT LOGAN, NEW MOUNT LOGAN, THE BUSINESS COMBINATION AND RELATED MATTERS. Investors and security holders may obtain copies of these documents and other documents filed with the applicable securities regulatory authorities free of charge through the website maintained by the SEC at https://www.sec.gov and the website maintained by the Canadian securities regulators at www.sedarplus.ca. Copies of the documents filed by 180 Degree Capital are also available free of charge by accessing 180 Degree Capital’s investor relations website at https://ir.180degreecapital.com.

    Certain Information Concerning the Participants

    180 Degree Capital, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in connection with the Business Combination. Information about 180 Degree Capital’s executive officers and directors is available in 180 Degree Capital’s Annual Report filed on Form N-CSR for the year ended December 31, 2024, which was filed with the SEC on February 13, 2025, and in its proxy statement for the 2024 Annual Meeting of Shareholders (“2024 Annual Meeting”), which was filed with the SEC on March 1, 2024. To the extent holdings by the directors and executive officers of 180 Degree Capital securities reported in the proxy statement for the 2024 Annual Meeting have changed, such changes have been or will be reflected on Statements of Change in Ownership on Forms 3, 4 or 5 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at https://www.sec.gov. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the 180 Degree Capital shareholders in connection with the Business Combination will be contained in the Proxy Statement when such document becomes available.

    Mount Logan, its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Mount Logan in favor of the approval of the Business Combination. Information about Mount Logan’s executive officers and directors is available in Mount Logan’s annual information form dated March 14, 2024, available on its website at https://mountlogancapital.ca/investor-relations and on SEDAR+ at https://sedarplus.ca. To the extent holdings by the directors and executive officers of Mount Logan securities reported in Mount Logan’s annual information form have changed, such changes have been or will be reflected on insider reports filed on SEDI at https://www.sedi.ca/sedi/. Additional information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the Mount Logan shareholders in connection with the Business Combination will be contained in the Prospectus included in the Registration Statement when such document becomes available.

    Non-Solicitation

    This letter and the materials accompanying it are not intended to be, and shall not constitute, an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

    Forward-Looking Statements

    This letter and the materials accompanying it, and oral statements made from time to time by representatives of 180 Degree Capital and Mount Logan, may contain statements of a forward-looking nature relating to future events within the meaning of federal securities laws. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “could,” “continue,” “estimate,” “expects,” “intends,” “will,” “should,” “may,” “plan,” “predict,” “project,” “would,” “forecasts,” “seeks,” “future,” “proposes,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions). Forward-looking statements are not statements of historical fact and reflect Mount Logan’s and 180 Degree Capital’s current views about future events. Such forward-looking statements include, without limitation, statements about the benefits of the Business Combination involving Mount Logan and 180 Degree Capital, including future financial and operating results, Mount Logan’s and 180 Degree Capital’s plans, objectives, expectations and intentions, the expected timing and likelihood of completion of the Business Combination, and other statements that are not historical facts, including but not limited to future results of operations, projected cash flow and liquidity, business strategy, payment of dividends to shareholders of New Mount Logan, and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this press release will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation, the ability to obtain the requisite Mount Logan and 180 Degree Capital shareholder approvals; the risk that Mount Logan or 180 Degree Capital may be unable to obtain governmental and regulatory approvals required for the Business Combination (and the risk that such approvals may result in the imposition of conditions that could adversely affect New Mount Logan or the expected benefits of the Business Combination); the risk that an event, change or other circumstance could give rise to the termination of the Business Combination; the risk that a condition to closing of the Business Combination may not be satisfied; the risk of delays in completing the Business Combination; the risk that the businesses will not be integrated successfully; the risk that the cost savings and any other synergies from the Business Combination may not be fully realized or may take longer to realize than expected; the risk that any announcement relating to the Business Combination could have adverse effects on the market price of Mount Logan’s common stock or 180 Degree Capital’s common stock; unexpected costs resulting from the Business Combination; the possibility that competing offers or acquisition proposals will be made; the risk of litigation related to the Business Combination; the risk that the credit ratings of New Mount Logan or its subsidiaries may be different from what the companies expect; the diversion of management time from ongoing business operations and opportunities as a result of the Business Combination; the risk of adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Business Combination; competition, government regulation or other actions; the ability of management to execute its plans to meet its goals; risks associated with the evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions; natural and man-made disasters; civil unrest, pandemics, and conditions that may result from legislative, regulatory, trade and policy changes; and other risks inherent in Mount Logan’s and 180 Degree Capital’s businesses. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Readers should carefully review the statements set forth in the reports, which 180 Degree Capital has filed or will file from time to time with the SEC and Mount Logan has filed or will file from time to time on SEDAR+.

    Neither Mount Logan nor 180 Degree Capital undertakes any obligation, and expressly disclaims any obligation, to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Any discussion of past performance is not an indication of future results. Investing in financial markets involves a substantial degree of risk. Investors must be able to withstand a total loss of their investment. The information herein is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions. The references and link to the website www.180degreecapital.com and mountlogancapital.ca have been provided as a convenience, and the information contained on such websites are not incorporated by reference into this press release. Neither 180 Degree Capital nor Mount Logan is responsible for the contents of third-party websites.

    1. Past performance is not an indication or guarantee of future performance. Gross unrealized and realized total returns of 180 Degree Capital’s cash and securities of publicly traded companies are compounded on a quarterly basis, and intra-quarter cash flows from investments in or proceeds received from privately held investments are treated as inflows or outflows of cash available to invest or withdrawn, respectively, for the purposes of this calculation. 180 Degree Capital is an internally managed registered closed-end fund that has a portion of its assets in legacy privately held companies that are fair valued on a quarterly basis by the Valuation Committee of its Board of Directors, and 180 Degree Capital does not have an external manager that is paid fees based on assets and/or returns. Please see 180 Degree Capital’s filings with the SEC, including its 2024 Annual Report on Form N-CSR for information on its expenses and expense ratios.

    The MIL Network –

    February 15, 2025
  • MIL-OSI Economics: Global ecommerce market poised to hit $11 trillion in 2028 amid tech innovation and ESG focus, says GlobalData

    Source: GlobalData

    Global ecommerce market poised to hit $11 trillion in 2028 amid tech innovation and ESG focus, says GlobalData

    Posted in Strategic Intelligence

    The global ecommerce market is on a trajectory of rapid expansion, set to reach $11 trillion in 2028, driven by technological advancements, seamless delivery services, and rising internet penetration. With China and the US dominating the landscape, companies must continuously innovate to meet evolving consumer expectations, embrace ESG compliance, and leverage data-driven strategies to maintain competitiveness in an increasingly dynamic sector, says GlobalData, a leading data and analytics company.

    GlobalData’s latest Strategic Intelligence report, “Ecommerce,” reveals that the global value of transactions for the ecommerce market  is set to grow at a compound annual growth rate (CAGR) of 11.1% between 2023 and 2028, driven by improved technology and delivery services and wider internet adoption.

    Aisha U-K Umaru, Strategic Intelligence Analyst at GlobalData, comments: “The global ecommerce industry is dominated by China and the US, with market shares in 2023 of 33% and 30%, respectively. These countries are home to some of the world’s biggest tech companies, including Alibaba and Amazon, which benefit from the huge troves of data generated by user activity on their platforms.”

    Subscription-based services are a growing ecommerce segment. Beauty brands like Estrid and Harry’s started with subscription services and have enjoyed great success. Both are now available in physical stores, further boosting sales. Harry’s filed for an IPO in March 2024 after reaching nearly $1 billion in revenue. However, some subscription services have struggled after a rapid rise. Once valued at almost $2 billion, meal-kit subscription service Blue Apron was bought for about $100 million by food delivery company Wonder in 2023.

    Umaru continues: “Consumers are also concerned with the social and governance factors of ESG. As a result, it remains high on the agenda for ecommerce companies, both to comply with relevant regulations and to meet consumer demands. ESG regulations such as the EU taxonomy for sustainable activities are also a method of clamping down on greenwashing, the practice of inflating a company’s ESG performance for marketing purposes.”

    Other terms such as carbon neutral, green, and environmentally friendly are being regulated, and ecommerce companies must ensure they comply with relevant guidelines to mitigate the risk of litigation.

    Umaru conlcudes: “Initiatives like the Fifteen Percent Pledge, which urges US retailers to allocate at least 15% of their shelf space to Black-owned businesses, highlight the increasing emphasis on social equity within the ecommerce sector. Additionally, issues such as supply chain transparency and diversity remain critical, as brands strive to align with the evolving ESG priorities of Gen Z and Millennial consumers.”

    MIL OSI Economics –

    February 15, 2025
  • MIL-OSI Economics: Samsung KX Welcomes Secretary of State for Business and Trade to Host the Industrial Strategy Advisory Council

    Source: Samsung

    LONDON, U.K. – February 14, 2025 – Samsung KX welcomed the Secretary of State for Business and Trade, Jonathan Reynolds MP to host the Industrial Strategy Advisory Council.
     

     
    Secretary of State for Business and Trade, Jonathan Reynolds MP, met with Aleyne Johnson, Director of Government and External Relations at Samsung Electronics UK, to reinforce the strong and positive relationship between the UK and Samsung. The Secretary of State, responsible for overseeing the UK’s business and trade policies, toured Samsung KX, engaging with key innovative products such as our latest Samsung Galaxy S25 Ultra, The Frame Pro TV and smart home appliances.
     

     
    Speaking on Samsung in his speech, Secretary of State for Business and Trade, Jonathan Reynolds MP, said, “Samsung is a company synonymous with the best in cutting-edge design and innovation, and much of it is on full display here within these four walls. It is a fitting venue to discuss this government’s ambition to go further and faster in our growth mission.”
     
    Samsung KX, located in Coal Drops Yard, King’s Cross, London, is an experience space where visitors can explore the latest developments in culture and innovation powered by Samsung technology. The space offers an immersive brand experience, inviting guests to discover, interact with, and develop new skills in a dynamic environment.
     
    Aleyne Johnson, Director of Government and External Relations, Samsung UK, commented: “We were delighted to host the Secretary of State, Ministers and a number of other businesses at Samsung KX, our flagship retail space to discuss the Industrial Strategy. As a global tech company with its European HQ in the UK we continue to support the Government’s efforts to encourage growth and the positive use of technology.”
     
     

     
     
    About Samsung KX
    #SamsungKX is a 20,000 sq. ft experience space located in the heart of London’s Coal Drops Yard. This hub of innovation brings together culture, community and cutting-edge technology in a dynamic environment alongside local partners. Samsung KX represents the future of retail, designed to give guests the ultimate immersive brand experience where they can discover, be inspired and learn through a range of stimulating events, workshops and performances in both physical and virtual formats. What’s more, guests are rewarded with every purchase thanks to the unique KXtras programme as well as Click & Collect, the first of the brand’s UK retail spaces to offer the service on selected devices. For further information visit:  www.samsung.com/uk/kx
    About Samsung Electronics Co., Ltd.
    Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at https://news.samsung.com/uk/
     
    About Coal Drops Yard
    Coal Drops Yard is a new shopping and restaurant district in London’s King’s Cross. Coal Drops Yard was originally established in 1850 to handle the eight million tonnes of coal delivered to the capital each year and was latterly the location of nightclubs Bagley’s and The Cross. The area reopened in October 2018, reinvented by the acclaimed Heatherwick Studio, which has interwoven a contemporary design with the surviving structures and rich ironwork of the original Victorian coal drops. Located within a reimagined set of historic buildings and arches directly adjacent to Granary Square and Regent’s Canal, Coal Drops Yard houses over fifty stores from a unique mix of established and emerging brands, along with cafés, bars, top independent restaurants and new public spaces. www.coaldropsyard.com @coaldropsyard
     

    MIL OSI Economics –

    February 15, 2025
  • MIL-OSI Global: Apprenticeships aren’t designed for young people any more

    Source: The Conversation – UK – By Charlynne Pullen, Principal Research Fellow in Education, Sheffield Hallam University

    BigPixel Photo/Shutterstock

    The number of people in England choosing to enrol in an apprenticeship has declined markedly over the past decade. Apprenticeship participation has fallen overall from 908,700 in 2016-17 to 736,500 in 2023-24.

    Particularly notable has been a shift away from apprenticeships providing introductory skills for young people towards them becoming higher level qualifications for older adults.

    In 2023-24, 55,660 under-19s were taking part in an intermediate apprenticeship, down from 75,500 in 2019-20. On the other hand, 185,810 over-25s were participating in a higher level apprenticeship in 2023-24 – up from 109,770 in 2019-20.

    “Apprenticeship starts for the under-25s fell by 38% in the period 2015-16 to 2022-23,” education secretary Bridget Phillipson told the House of Commons in September 2024. “It will fall to this Labour government to turn that around.”

    Continued messaging from successive governments has emphasised that apprenticeships are for young people. “To every young person I meet my message is that no matter who you are, or where you’re from, or whatever career you want to do, an apprenticeship will open doors for you,” Robert Halfon, skills minister in the previous Conservative government, said in 2023.

    Politicians present a decline in young people taking apprenticeships as a problem. But it is government policy that has turned these qualifications into something much more suitable for adults already in the workforce.

    Employers first

    A large reason for this is changes to how apprenticeships work that make them more centred on the role and needs of employers.

    The changes to apprenticeships since 2012 include a levy on large employers. Companies with an annual pay bill of more than £3 million pay 0.5% of this into a time-limited pot that they can use for apprenticeships within the company or transfer a proportion to smaller companies.

    Apprenticeships have also shifted from a focus on achieving qualifications towards meeting standards that focus on the knowledge, skills and behaviours of a job and often include a status or recognition from a professional body.

    The employer recruits, employs and pays the apprentice. Employers appoint the training provider, and they set the standards.

    Faced with using or losing money for apprenticeships and the choice between an unknown new recruit and an established member of staff, large employers might rationally opt to use apprenticeships to support their existing workforce to improve their skills.

    Many adults enrol on apprenticeships to improve their skills.
    fizkes/Shutterstock

    Adult apprentices typically have experience in relevant roles but want to improve their skills and progress in their careers.

    The NHS, for example, sees apprenticeships as a key part of its workforce strategy. Emerging evidence from my research with colleagues at Sheffield Hallam University and charity the Edge Foundation suggests many people on health apprenticeships are adults and existing staff.

    Reduced requirements

    Policy announcements from the current government have cemented this shift. They include the removal of the need for English and maths qualifications for adult apprentices, and the reduced minimum time period for an apprenticeship from 12 months to eight.

    In announcing the recent changes to English and maths, Bridget Phillipson said: “Businesses have been calling out for change to the apprenticeship system and these reforms show that we are listening. Our new offer of shorter apprenticeships and less red tape strikes the right balance between speed and quality, helping achieve our number one mission to grow the economy.”

    These changes are designed to increase the number of adult apprentices who complete their apprenticeship. Shorter apprenticeships should allow adults’ substantial relevant experience to be recognised within their apprenticeship so they can complete it more quickly.

    English and maths requirements had been a barrier for some adults to completing their apprenticeship. Some employers had made having English and maths qualifications a requirement for getting onto an apprenticeship. Without the requirements, more adults should be able to access and complete apprenticeships – but this change is only for those aged over 19.

    Increased funding for small and medium enterprises to take on apprentices, which was introduced under the previous government, also prioritised employers, although it did come with an additional incentive for them to take on 16-to-18 year olds. Other employer-focused policy changes from the previous government include reducing the requirements for time spent training off-the-job.

    The current government’s planned change to a growth and skills levy does include the creation of foundation apprenticeships. More detail on what they will entail in England is yet to come. But these do currently operate in Scotland, allowing younger people to gain substantial work experience whilst studying for qualifications at college.

    This kind of programme could create a smoother transition into an apprenticeship for a young person, and may increase the number of young people participating in apprenticeships. But for now, employers and the skills needed for economic growth still seem to be the priority.

    Sheffield Hallam has received funding for Charlynne Pullen to conduct related research on apprenticeships from the Low Pay Commission and the Edge Foundation. Charlynne was a Labour councillor in 2010-14 and a Labour parliamentary candidate in the 2015, 2017 and 2019 general elections, but has not been active in the party since 2019.

    – ref. Apprenticeships aren’t designed for young people any more – https://theconversation.com/apprenticeships-arent-designed-for-young-people-any-more-249640

    MIL OSI – Global Reports –

    February 14, 2025
  • MIL-OSI: Aurora Mobile’s GPTBots.ai Launches Advanced Audio LLM Capabilities

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, Feb. 14, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its leading enterprise-grade AI platform, GPTBots.ai, has launched new Audio LLM capabilities, setting a new standard for real-time, voice-driven AI interactions. This update enables seamless voice-to-voice communication powered by OpenAI’s native audio multimodal LLM, eliminating the need for traditional ASR (Automatic Speech Recognition) and TTS (Text-to-Speech) processes. By significantly reducing latency, GPTBots delivers faster, more natural voice interactions in dozens of major languages, making it a versatile solution for industries heavily reliant on customer engagement and lead generation.

    Transforming Voice Interactions Across Industries

    The new Audio LLM capabilities are designed to address the growing demand for high-quality voice interactions in scenarios that prioritize customer service and lead acquisition. From retail and e-commerce to sales and support, GPTBots’ Audio LLM empowers businesses to deliver real-time, personalized voice experiences that enhance customer satisfaction and operational efficiency.

    In addition to enabling voice-to-voice communication, GPTBots has enhanced its Audio LLM by integrating it with its RAG (Retrieval-Augmented Generation) framework, workflow orchestration tools, and plugin ecosystem. These integrations allow audio messages to seamlessly interact with complex knowledge bases, execute intricate workflows, and call external plugins, enabling businesses to handle knowledge-intensive and dynamic scenarios with ease.

    Laying the Foundation for Voice-Driven AI SDR Solutions

    This Audio LLM update is a strategic step toward GPTBots’ vision of delivering a comprehensive AI SDR (Sales Development Representative) solution. By enabling real-time, voice-driven interactions, GPTBots is equipping businesses with the tools to revolutionize their sales processes. From lead qualification to personalized follow-ups, the enhanced Audio LLM functionality will play a pivotal role in automating and optimizing sales workflows, driving higher conversion rates and customer satisfaction.

    “Voice interactions are becoming a cornerstone of modern AI applications, and our Audio LLM capabilities are designed to meet the growing demand for real-time, intelligent, and natural communication,” said Jerry Yin, VP of GPTBots.ai. “This update not only enhances our platform’s multimodal capabilities but also lays the groundwork for future innovations in voice-driven customer engagement and sales automation.”

    DeepSeek: A Recent Addition to the GPTBots Platform

    While this update focuses on GPTBots’ advancements in audio-based AI, it follows the recent integration of DeepSeek, a trending large language model (LLM) known for its lightweight architecture and domain-specific optimizations. DeepSeek’s inclusion in the GPTBots platform has further enhanced its ability to deliver scalable and cost-effective AI solutions across industries, reinforcing GPTBots’ commitment to enterprise-grade AI innovation.

    Driving the Future of Multimodal AI

    With this launch, GPTBots continues to strengthen its position in voice-enabled AI solutions, offering businesses the tools they need to stay ahead in an increasingly competitive landscape. By combining cutting-edge technology with practical, scalable solutions, GPTBots is empowering enterprises to unlock the full potential of AI in customer engagement, sales, and beyond.

    About GPTBots.ai

    GPTBots.ai is a complementary general-purpose LLM AI bot featuring private data input and continuous fine-tuning, which can replace ‘rule-based’ chatbots, improve user experience, and reduce costs. GPTBots.ai aims to provide users with an end-to-end business platform that can seamlessly integrate robots into existing applications and workflows via plug-ins. GPTBots.ai also allow users to have great access to, and more efficiently and effectively using, AIGC to improve overall corporate productivity and output quality.

    To know more, please visit https://www.gptbots.ai.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen
    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    Email: Xiaoyan.Su@christensencomms.com

    In U.S.
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network –

    February 14, 2025
  • MIL-OSI Russia: The Public Council of the Ministry of Economic Development summed up the results of 2024

    Translartion. Region: Russians Fedetion –

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

    On February 13, 2025, a meeting of the Public Council under the Ministry of Economic Development of the Russian Federation was held, in which the rector of the State University of Management Vladimir Stroev took part.

    The meeting summed up the results of 2024 and outlined priority tasks. In particular, it was noted that the economic growth rate for the past period was higher than the forecast: 4.1%. The result was achieved due to increased demand, flexibility of the labor market, increased productivity, and decreased unemployment. The growth driver was a number of manufacturing industries, as well as construction, trade, and IT.

    Currently, the Russian Government is solving three main blocks of tasks: maintaining macro stability, reducing risks in individual industries, and ensuring growth of the economy’s potential. The main measures taken for this purpose consist of supporting investments, increasing them not only in volume but also in quality. One of the most important sources of growth of potential is the development of the labor market.

    “The key factor is increasing labor productivity. We are currently scaling the new federal project to industries with low productivity: the agro-industrial complex, processing, construction, tourism, and the entire social sphere. Industry competence centers will join the work,” emphasized the head of the ministry, Maxim Reshetnikov.

    The government will continue to lift infrastructure restrictions in transport, logistics, and energy – not only for investment projects and growing tourism within the country, but also to reorient exports and imports, and increase tourist flows with friendly countries. Decisions are being implemented to develop the platform and creative economy, and support small and medium businesses.

    The President of the Chamber of Commerce and Industry of the Russian Federation Sergey Katyrin formulated a number of specific proposals for joint work based on business appeals to the business association. They concerned the development of the procedure for assessing the regulatory impact, regulating legal relations in the sphere of labor migration, expanding the availability of mechanisms for increasing labor productivity, as well as issues of law enforcement in the implementation of control (supervisory) activities.

    RSPP President Alexander Shokhin named measures to increase the flexibility of the labor market as one of the priority areas of work. According to him, it is important to “use all possible resources to expand the working time fund.”

    Subscribe to the TG channel “Our GUU” Date of publication: 02/14/2025

    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 –

    February 14, 2025
  • MIL-OSI United Kingdom: Oxford City Council agrees Budget

    Source: City of Oxford

    Oxford City Council has agreed a Budget that will see new homes, new community centres and increased grass cutting of verges across Oxford.

    The Budget – which is balanced for the next four years – comes against a backdrop of austerity, rising costs, especially around homelessness, inflation and councils declaring bankruptcy across the UK.

    This has been achieved in part through the ‘Oxford Model’, which will see the Council’s companies generate £19m in profit over the next four years to help fund services.

    The Budget was agreed at a Full Council meeting yesterday evening.

    Key Budget proposals

    The Council’s Budget includes funding for:

    • 1,558 new council homes over the next eight years
    • Two new community centres, in East Oxford and Blackbird Leys
    • Increased grass cutting – to at least three times a year – across Oxford
    • Increased litter picking across Oxford and a new graffiti removal service
    • Better gritting of cycle lanes and pavements
    • A new splash park in Hinksey and renewal of outdoor gym equipment
    • A freeze on pitch-hire fees for sports teams

    The Budget will take the number of council homes owned by Oxford City Council to almost 9,500, which, thanks to the energy efficiency work, will be warmer and use less energy.

    The Council will also continue to maintain its leisure centres, community centres, parks, youth clubs, and other existing services for residents and businesses.

    Changes to the Budget

    The Council’s Budget was first proposed in December 2024.

    Since then, the Government has provided additional funding to local authorities, including a further £600,000 to assist in prevention of homelessness.

    As Oxford City Council had already budgeted to provide some support for homeless people, this has freed up funding that can be spent on other priorities.

    The changes to the Budget compared to the consultation Budget include:

    • £200,000 to pilot a new scheme to help people in supported accommodation
    • £310,000 for additional graffiti removal across Oxford
    • £157,000 for additional gritting of pavements and bike lanes
    • £170,000 to provide free leisure facilities in Blackbird Leys and £60,000 for a new play area in the city centre if a site can be found
    • £100,000 to replace outdoor gym equipment across Oxford
    • £316,000 to reverse planned cuts to ward member and community grants

    The Council also agreed £2.5m to help reopen passenger services on the Cowley Branch Line, and a further £1m to enhance the £8m redevelopment of the Covered Market.

    Oxford Model

    Oxford City Council owns two companies, ODS and OX Place, that generate income to help fund frontline services. This is known as the ‘Oxford Model’.

    ODS carries out street cleaning, bin collections and parks maintenance for Oxford residents, but also sells those services to businesses and institutions to generate income.

    OX Place’s main aim is to build new council homes for Oxford residents, but it also builds open market sale and shared ownership homes to generate income.

    The companies are expected to generate about £19m in dividends returns over the next four years.

    The ‘Oxford Model’ now represents 10% of the Council’s annual Budget. This compares to 26% for fees and charges, 20% for Council Tax, 15% for Business Rates and 15% for commercial rent. Government grants represent just 6% of the Council’s budget.

    Council Tax 

    Council Tax will increase by 2.99% in 2025/26.

    For a Band D Council Tax property, a 2.99% increase equates to £10.36 per year (or 20p a week), bringing a total charge of £356.72 per annum (or £6.86 per week) to fund Oxford City Council.

    Separate Council Tax precepts support Oxfordshire County Council, the Thames Valley Police and Crime Commissioner and the Parish Councils in Blackbird Leys, Old Marston, Littlemore and Risinghurst & Sandhills.

    Oxford City Council continues to provide a full discount on Council Tax for Oxford residents on the lowest incomes. It is one of relatively few councils across the UK to still do so.

    Second homes in Oxford will be charged double Council Tax from 2025.

    Comment

    “We’ve been listening: our residents’ survey said that people wanted their City Council to get the basics right, so we are stepping up spend on graffiti removal, pavement repairs and gritting, verge cutting, litter picking and free play provision.  We will build more than 1,500 new council homes to help local families in housing need.  We are going to retain our award-winning youth ambition service, grants to voluntary organisations and will build two new communty centres at East Oxford and Blackbird Leys.

    “This is in the context of a shortfall in government funding, but we have managed to avoid major cuts to frontline services by our ‘Oxford Model’, which uses income from our wholly owned companies, partnerships and commercial property to support the front line.”

    Councillor Ed Turner, Deputy Leader and Cabinet Member for Finance and Asset Management

    MIL OSI United Kingdom –

    February 14, 2025
  • MIL-OSI: BYDFi Partners with Safeheron to Launch MoonX, the Safest Way to Trade MemeCoins

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 14, 2025 (GLOBE NEWSWIRE) — BYDFi, a well-known crypto exchange, officially announced the upcoming launch of its new Web3 on-chain trading platform, MoonX. Specifically designed for Meme Coin traders, MoonX will provide a fast, secure, and intuitive on-chain trading experience. The platform integrates core security technologies from Safeheron, a premier self-custody platform for digital assets, leveraging cutting-edge technologies such as Secure Multi-Party Computation (MPC) and Trusted Execution Environment (TEE) to build an industry-leading key management system that ensures the highest level of security for users’ assets.

    Meme Coin Surge Fuels On-Chain Trading Growth

    Over the past year, the surge in Meme Coin trading has led to an unprecedented rise in on-chain transaction volume. In 2024, transaction fees from Meme Coin trading on the Solana blockchain ecosystem alone exceeded $3.093 billion, contributing to the historic increase in on-chain trading activity. However, alongside this growth, security concerns have become more pronounced. On November 16, 2024, the decentralized exchange (DEX) DEXX was attacked by hackers, resulting in the theft of users’ private keys and a loss of $20 million in assets. This breach raised serious concerns about the security vulnerabilities of on-chain trading and the importance of private key protection.

    BYDFi Partners with Safeheron to Fully Upgrade On-Chain Trading Security

    Every day, thousands of new Meme tokens emerge, and traders face the challenge of selecting quality projects while navigating extreme market volatility. At the same time, the threat to private key security remains one of the most pressing issues in the Web3 space.

    As a globally renowned crypto exchange, BYDFi has always placed a premium on security. Its collaboration with Safeheron brings MoonX the best-in-class security features built on decentralized trust models. Safeheron’s use of MPC and TEE technologies will provide comprehensive key management and transaction signature protection for MoonX, addressing the most critical vulnerabilities in Web3 environments.

    MoonX: The Ultimate On-Chain Trading Arena for Degen Traders

    The high volatility of the Meme Coin market has attracted a wave of Degen traders—speculators who thrive on high-risk, high-reward trades. These traders are constantly searching for the next 100x Gems. MoonX is purpose-built for this audience, enabling on-chain trading of assets across major blockchains including Solana, Ethereum, Base, and BNB Chain. The platform supports over 500,000 token pairs, coupled with powerful market analysis tools to assist traders in making informed decisions.

    MoonX offers an array of specialized, professional-grade trading features designed to optimize the user experience:

    • Take-Profit & Stop-Loss Orders
    • Smart Money & Signal Copy Trading
    • Limit Orders & One-Click Buy/Sell
    • Sell Half on a Double

    Michael, Co-Founder of BYDFi, stated:

    “MOONX is more than just a trading tool—it represents BYDFi’s vision and commitment to the future of Web3. By integrating Safeheron’s cutting-edge security technology, we aim to deliver the safest and most efficient Meme Coin trading environment, eliminating security risks in Web3 trading entirely.”

    MoonX is currently in the final stages of development and will soon be launched. Stay tuned to BYDFi’s official channels for the latest updates.

    About Safeheron

    Safeheron is a global leader in open-source, transparent digital asset self-custody solutions, founded in 2021 and headquartered in Singapore. Utilizing Secure technologies, Safeheron provides institutional clients with the highest level of security in digital asset self-custody services and MPC privatization solutions, enhancing both security and management efficiency.

    Website: https://safeheron.com/ Twitter: https://twitter.com/Safeheron

    About BYDFi

    BYDFi is a Forbes-recognized global top 10 crypto exchange, founded in 2020 and trusted by over 1,000,000 users worldwide. The platform has obtained Money Services Business (MSB) licenses in multiple countries and regions and is a member of the Korea CODE VASP alliance, reinforcing its commitment to regulatory compliance. All platform assets are held with at least a 1:1 reserve ratio, and Proof of Reserves (POR) reports are regularly published to uphold the highest asset security standards.

    • Website: https://www.bydfi.com
    • Support Email: CS@bydfi.com
    • Business Partnerships: BD@bydfi.com
    • Media Inquiries: media@bydfi.com

    Twitter( X )| LinkedIn| Facebook | Telegram| YouTube

    The MIL Network –

    February 14, 2025
  • MIL-OSI Asia-Pac: Over 1,000 Enforcement Actions Taken For Rat-Related Lapses In 2024, Almost Double Whole Of 2023

    Source: Asia Pacific Region 2 – Singapore

    Good refuse management and housekeeping practices must continue to lower the risk of rat infestations

    Singapore, 14 February 2025 – In 2024, in line with the Year of Public Hygiene, the National Environment Agency (NEA) stepped-up enforcement action for rat-related lapses. Over 1,000 enforcement actions were jointly taken by NEA and the Singapore Food Agency (SFA) against premises owners or occupiers, including operators of trade premises, shopping malls, and food establishments. This is almost double the 670 enforcement actions taken in 2023. Nearly half of the enforcements last year were for poor refuse management.

    Upstream measures key to effectively and sustainably reduce the risk of rat infestation 

    2          From 1 April 2025, NEA will tighten enforcement against premises managers and owners for rat-related lapses in three key areas: (i) poor refuse management and housekeeping practices that create conditions favourable for the propagation of rats, (ii) defects in refuse handling facilities (e.g. bins, bin centres) that can potentially serve as entry points for rats, and (iii) the presence of rat nests.  This aims to reinforce the importance of premises managers implementing proper rat prevention and control measures proactively, which improves overall cleanliness standards and reduces the risk of rat infestations.

    3          Premises managers and owners who fail to practise proper refuse management or create conditions favourable to the harbouring or propagating of rats are subject to enforcement by NEA under the Environmental Public Health Act (EPHA) and the Control of Vectors and Pesticides Act (CVPA) respectively. The maximum penalty under the CVPA is a fine of up to $20,000 or imprisonment for up to 3 months, or both, for a first offence. For a first offence under the Environmental Public Health (Public Cleansing) Regulations, premises owners can be fined up to a maximum of $1,000 and to a further fine not exceeding $100 for every day or part thereof during which the offence continues after conviction.

    Everyone has a part to play in keeping the rat population low

    4          Relying on enforcement alone would be insufficient to mitigate rat infestations in the longer term. NEA will continue to adopt a multi-pronged approach to address the situation through active surveillance [1] and stakeholder engagement. This enables us to make informed decisions to carry out targeted interventions, thereby improving the effectiveness of our public hygiene efforts. Findings from our island-wide surveillance of rat burrows are also analysed and shared with relevant stakeholders such as Town Councils and land agencies, for them to carry out upstream preventive and downstream control measures.

    5          Management of the rat population requires a community-wide effort, and everyone needs to play a part to keep rats away, by keeping our premises and our living environment clean: 

    • Individuals should bag and dispose food waste properly into refuse bins. Keep the bin cover shut, where applicable.
    • Businesses should bag, tie, and dispose of food waste into covered bins. Maintain the bin in good repair, keep the bin cover shut and keep the surrounding environment free of clutter.
    • Food handlers should secure food items above the ground and store them in tightly covered containers so that rats cannot access

    ———————————

    [1] More information on technologies adopted by NEA for rat surveillance can be found in Annex A

    ~~ End ~~

     

    For more information, please submit your enquiries electronically via the Online Feedback Form or myENV mobile application.

    Annex A

    Leveraging Technology for Surveillance

    To enhance operations capabilities, NEA leverages technology such as sensors, infrared cameras, thermal cameras and borescopes to detect and monitor rat activities. By leveraging technology and data, NEA can make informed decisions to carry out targeted interventions, thereby improving the effectiveness of our public hygiene efforts.

    2          Thermal cameras can:

    • Discreetly monitor an area without disturbing or alerting the rats who are known to be neophobic.
    • Capture clear thermal images of rats and its movements.
    • Provide data to show places with rat activities or where rats congregate. This data can be shared with premises operators and stakeholders for them to finetune their rat control measures.

    3          In 2024, NEA successfully trialled the use of thermal surveillance cameras at the back-lanes of two hotspots – Buffalo Road and Telok Ayer Street. The trial has since led to positive results.

    • Surveillance cameras were able to capture footage of rat activities and routes used by rats to access possible food sources and congregation at specific areas.  
    • Data allowed NEA officers to visualise the distribution of rat activities temporally and spatially.  
    • Enabled NEA and stakeholders to put in place targeted intervention measures to remove the rats and prevent reinfestation via adoption of upstream measures (e.g. identification of structures used by rats and removing them to prevent access to food or areas of harbourage).  
    • 13 enforcement actions were taken against premises owners for public hygiene/cleanliness lapses and for creating conditions favourable for the propagation of vectors.   

    4          Given the positive outcome from the pilot, NEA will include thermal surveillance cameras into its suite of surveillance technologies. This addition aims to improve operational effectiveness in monitoring and tackling the rat population. The thermal cameras will complement existing surveillance methods, enhancing NEA’s overall capability to detect, respond and guide stakeholders and premises managers to resolve rat issues. NEA will continue to explore other forms of technology, which includes the use of video analytics.

    MIL OSI Asia Pacific News –

    February 14, 2025
  • MIL-OSI USA: ICYMI: Senator Marshall Joins Fox Business to Discuss Budget Reconciliation, President Trump’s Cabinet Nominees, and More

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Washington, D.C. – U.S. Senator Roger Marshall, M.D. joined Maria Bartiromo with Fox Business this morning to discuss President Donald Trump’s cabinet nominees, an update on the budget reconciliation process, and Democrats’ efforts to obstruct the efforts of the Department of Government Efficiency (DOGE).

    [embedded content]

    You may click HERE or on the image above to watch Senator Marshall’s full Fox Business interview.
    On Budget Reconciliation:
    “What we’re going to do is prioritize funding to secure the border, to improve the military, to unleash American energy, and then finally, bring some fiscal sanity back to America. So we’re… lowering the top line from $7 trillion a year [in] spending, down to 6.1 [trillion], that should actually help bring interest rates down. If you think about it, the federal government’s printing less money. I think that will start bringing interest rates down.”
    On the confirmation of Robert F. Kennedy Jr. as Secretary of Health and Human Services:
    “The Democrats are hung up. It’s kind of amazing to me. If Bobby had been nominated by Joe Biden, it would have been called a brilliant move, but since it’s Donald Trump that nominates him, all of a sudden, he’s a vulcan or something. I’m looking forward to working with Bobby. We are going to make America healthy again. 60% of Americans have a chronic disease today. We need to figure out why.”
    On the Democrats’ efforts to obstruct DOGE:
    “Last year, the federal government sent out $250 billion of improper payments. That’s what the Government Accounting Office told us. $250 billion – our Inspector Generals missed all that?”
    “We need to make sure that we don’t have foxes watching the hen house. So President Trump’s figuring it out. There’s things he can do, and now Congress needs to go behind him and clean up this mess as well.”
    “That’s what the President ran on. Let’s make Americans safe. Let’s make them prosperous. We make them prosperous by rolling back regulations, fighting inflation, lowering energy costs, health care is a big driver of inflation. Right now we should come back and talk about it as well. So those will be our priorities.”

    MIL OSI USA News –

    February 14, 2025
  • MIL-OSI: Richemont announces changes to Senior Executive Committee and Board of Directors

    Source: GlobeNewswire (MIL-OSI)


    AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR

    14 FEBRUARY 2025

    RICHEMONT ANNOUNCES CHANGES TO SENIOR EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS

    Richemont today announces the following changes to its Board of Directors and Senior Executive Committee (SEC), effective immediately:

    Catherine Rénier, Chief Executive Officer (CEO) of Van Cleef & Arpels, Louis Ferla, CEO of Cartier, and Marie-Aude Stocker, Chief People Officer (CPO) of Richemont are appointed to the SEC.

    Marie-Aude Stocker, formerly Director of People, Development and Prospective at Van Cleef & Arpels, was recently appointed CPO reporting to Nicolas Bos, CEO of Richemont. A French national and graduate of the Ecole Supérieure de Commerce de Paris (ESCP) business school, with a certification from the Institut des hautes études de défense nationale (IHEDN), Ms Stocker brings 35 years of beauty and luxury industry experience to the role, including 24 years in the Group.

    Jérôme Lambert is stepping down from the SEC and from the Board of Directors following his appointment as CEO of Specialist Watchmaker Maison Jaeger-LeCoultre.

    Boet Brinkgreve, CEO of Laboratoire de Haute Parfumerie et Beauté will be leaving the company at the end of April.

    Commenting on the changes, Nicolas Bos said:

    “Catherine’s and Louis’ combined industry and Group experience, together with their operational knowledge and expertise as CEOs of our largest Maisons, will be a great asset to our Senior Executive Committee. I am also delighted that Marie-Aude is joining the SEC as our newly appointed Chief People Officer. Having a dedicated CPO will help ensure that our growing and fast evolving HR strategic resource management needs are effectively fulfilled. Marie-Aude is ideally placed to take on this mission, as she brings a wealth of highly relevant experience gained in the course of her career.

    I want to take this opportunity to wish Jérôme all the best in his new role and to thank him again for his support in recent months.”


    Senior Executive Committee biographies can be accessed here. 

    About Richemont 

    At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity. Richemont’s ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term.

    Richemont operates in three business areas: Jewellery Maisons with Buccellati, Cartier, Van Cleef & Arpels and Vhernier; Specialist Watchmakers with A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin; and Other, primarily Fashion & Accessories Maisons with Alaïa, Chloé, Delvaux, dunhill, Gianvito Rossi, Montblanc, Peter Millar including G/FORE, Purdey, Serapian as well as Watchfinder & Co. In addition, Richemont operates NET-A-PORTER, MR PORTER, THE OUTNET, YOOX and the OFS division. Find out more at https://www.richemont.com/.

    Richemont ‘A’ shares are listed on the SIX Swiss Exchange, Richemont’s primary listing, and are included in the Swiss Market Index (‘SMI’) of leading stocks. The ‘A’ shares are also traded on the Johannesburg Stock Exchange (JSE), Richemont’s secondary listing.

    Investor/analyst and media enquiries

    Investor relations: investor.relations@cfrinfo.net; +41 22 721 3003
    Media: pressoffice@cfrinfo.net; richemont@teneo.com; +41 22 721 3507

    Click here for a printer-friendly version in English (PDF)

    The MIL Network –

    February 14, 2025
  • MIL-OSI Submissions: Australia – CBA Emergency Assistance for Tropical Cyclone Zelia affected areas in WA

    Source: Commonwealth Bank of Australia

    Commonwealth Bank is providing Emergency Assistance to Tropical Cyclone Zelia affected areas across the Pilbara region of Western Australia.

    Commonwealth Bank is providing Emergency Assistance to customers and businesses in areas affected by Tropical Cyclone Zelia in WA.

    Retail Banking Services Group Executive, Angus Sullivan, said: “We are thinking of everyone affected by Tropical Cyclone Zelia across the Pilbara region of Western Australia. We are making a range of measures available, tailored to the needs of our customers.”

    CBA understands each customer will have different needs and encourages those affected to discuss their individual circumstances by either contacting the bank in the CommBank app, phoning 1800 314 695 or visiting their nearest Commonwealth Bank branch, if safe to do so. Business customers can also call 1800 314 695 or speak with their dedicated CommBank relationship manager.

    Special arrangements are in place to provide support to Commonwealth Bank customers should they need it, and the CBA team is ready to assist them with any financial concerns or enquiries.

    For more information on the support we’re providing to impacted communities, visit: commbank.com.au/support/natural-disasters

    CBA Emergency Assistance includes a range of options, including:

    Customised payment arrangements for home loans, credit card, personal loan and some business loans.
    Waiving fees and charges.
    Temporary overdrafts, additional loans or emergency credit limit increases (subject to credit approval).
    Waiving fees and notice periods for early access to Term Deposits.
    Emergency accommodation may be available for customers who have taken out Home Insurance provided by Hollard, distributed by CommBank, subject to making a claim and policy terms and conditions.
    Helping direct claims enquiries for customers seeking support through their Home Insurance provided by Hollard, distributed by CommBank.
    Loan restructuring for business customers with existing loans.
    Waiving fees for temporary and damaged merchant EFTPOS terminals, as well as support with merchant terminal rental fees.

    To access this support please either contact us via the CommBank app, on 1800 314 695 or visit us in branch, if it is safe to do so. Further information about our Emergency Assistance is available online at: commbank.com.au/emergencyassistance

    For emergency help call the State Emergency Service on 132 500. Alternatively, visit WA State Emergency Services. In a life-threatening emergency call 000 (triple zero). (ref. https://wases.com.au/ )

    MIL OSI – Submitted News –

    February 14, 2025
  • MIL-OSI China: ‘Ne Zha 2’ derivatives ride blockbuster wave

    Source: China State Council Information Office 3

    This photo taken on Feb. 13, 2025 shows a poster for the Chinese animated film “Ne Zha 2” at a cinema in Chaoyang District of Beijing, capital of China. [Photo/Xinhua]

    Fans of record-breaking blockbuster Chinese movie “Ne Zha 2” are making significant waves in the derivatives market, clearing out retailer inventories and even creating DIY character-shaped dolls and food items.

    Since the film’s debut on the first day of the Chinese New Year, which was Jan. 29 this year, sales of its collectibles, ranging from mystery toy boxes and cards to fridge magnets and badges, have reportedly topped 50 million yuan (about 6.97 million U.S. dollars) on Taobao, a leading e-commerce platform in China.

    This sequel to the 2019 hit “Ne Zha,” with inspirations derived from Chinese mythological tales, has already drawn over 200 million cinema-goers, the highest number in the country’s film history.

    The film became an instant holiday box office hit thanks to its contemporary re-imagination of Ne Zha, a well-known mythical figure with extraordinary powers, and via its intriguing plot twists. As of Wednesday, it had grossed over 9 billion yuan, igniting high public enthusiasm for its collectibles.

    Customers inquiring about toys featuring characters from the film are often left disappointed at stores across China. A salesperson at a trendy toy store in downtown Nanjing in east China’s Jiangsu Province said even display samples were sold out. “We expect to restock items like laser cards later.”

    Notably, Hunan Sunny & Sandy Toys Manufacturer Co. Ltd., the film’s sole licensed manufacturer of 3D food-grade plastic toys in China, reported sales of over 450,000 mystery toy box sets through live-streaming in just 11 days — ranking first in terms of the sales of board-game merchandise on the video platform. In addition, more than 10 million of these sets have been sold through offline partnerships.

    Yang Zhenlin, assistant to the company’s chairman, said their factory workshops had to resume operations ahead of schedule after the Spring Festival holiday, with their hundreds of staff members working tirelessly to replenish inventory. “We had great confidence in the film even before its release, so we promptly secured the copyright,” Yang told Xinhua.

    This week, on e-commerce platforms, some stores have gradually restored supplies. Businesses in the second-hand market have remained brisk.

    Fans have also discovered that the gold bracelets they had purchased after the first Ne Zha film came out in 2019, with designs inspired by the “universe ring” on Ne Zha’s arm, have tripled in value on the second-hand market, thanks to both the success of “Ne Zha 2” and a higher gold price.

    Some fans have gone so far as to make their own versions of it, using wood, plasticine, flour and even thread. Coinciding with the Lantern Festival on Feb. 12, netizens shared creative improvisations of Ne Zha-shaped glutinous rice dumplings, a festive food.

    Miao Lingyi, a 10-year-old girl living in east China’s Shanghai, expressed her admiration for the character Ao Bing, the son of the Dragon King, stating her desire to use her pocket money to buy a collectible featuring him. “I really love the character and I don’t mind waiting a while for the collectible,” she said.

    According to experts, the film’s huge success stemming from its captivating plot and stunning special effects, has evoked emotional attachment and resonance with characters among its audiences, while some related products feature limited edition designs — thereby enhancing their value as collectibles and stimulating consumer purchasing enthusiasm.

    Ye Guofu, founder of MINISO, a Chinese retailer known for its fashionable but affordable household products, said that Chinese consumers’ growing focus on emotional value attached to commodities, particularly among the younger generations, is expected to further drive the consumption of IP-featured products, such as those related to domestic animated films and games.

    With this lucrative market rapidly expanding, experts have stressed the importance of both IP innovation and product quality, while warning against risks of market irregularities and intellectual property rights violations.

    Law professor Zheng Ning with Communication University of China suggested that market regulators strengthen oversight to combat potential price gouging and the sale of substandard products — thereby ensuring a more orderly market environment.

    Zhao Liangshan, a lawyer in northwest China’s Shaanxi Province, cautioned that handcrafted items made for personal use are not allowed for commercial purposes.

    As “Ne Zha 2” enters international markets, Hunan Sunny & Sandy Toys Manufacturer Co., Ltd. aims to target global markets — particularly in Asia, North America and Europe.

    The film is set to be screened in various countries, including the United States, Canada, Australia, New Zealand, South Africa, Egypt, Singapore, Japan and the Republic of Korea, with premieres in Los Angeles and Sydney having received positive responses from professionals and fans alike.

    MIL OSI China News –

    February 14, 2025
  • MIL-OSI USA: 02.13.2025 Cruz-Klobuchar Bill to Protect Teenagers from Deepfake ‘Revenge Porn’ Unanimously Passes the Senate

    US Senate News:

    Source: United States Senator for Texas Ted Cruz
    WASHINGTON, D.C. – Today, the Senate unanimously passed the TAKE IT DOWN Act, which was introduced by U.S. Senate Commerce Committee Chairman Ted Cruz (R-Texas) and Senator Amy Klobuchar (D-Minn.). The legislation criminalizes the publication of non-consensual intimate imagery (NCII), including AI-generated NCII (or “deepfake revenge pornography”), and requires social media and similar websites to implement procedures to remove such content within 48 hours of notice from a victim.
    The bill unanimously passed both the Commerce Committee and the full Senate during the 118th Congress. For the current 119thCongress, U.S. Representatives Maria Elvira Salazar (R-Fla.) and Madeleine Dean (D-Pa.) have reintroduced companion legislation in the House as they did last Congress. The TAKE IT DOWN Act has received widespread support from over 100 organizations, including victim advocacy groups, law enforcement, and tech industry leaders.
    Upon passage of the TAKE IT DOWN Act, Sen. Cruz said:
    “The TAKE IT DOWN Act gives victims of revenge and deepfake pornography—many of whom are young girls—the ability to fight back. Under our bipartisan bill, those who knowingly spread this vile material will face criminal charges, and Big Tech companies must remove exploitative content without delay. As we worked on the TAKE IT DOWN Act, more victims courageously came forward to share their stories to help end this horrific online abuse. Now, it’s up to the House to pass the TAKE IT DOWN Act and give victims the power to reclaim their privacy and dignity.”
    Sen. Klobuchar said:
    “We must provide victims of online abuse with the legal protections they need when intimate images are shared without their consent, especially now that deepfakes are creating horrifying new opportunities for abuse. Passing this bipartisan legislation builds on my work to ensure that victims can have this material removed from social media platforms and law enforcement can hold perpetrators accountable. The House should pass this bill and the President should sign it into law as soon as possible to protect victims of online abuse.”
    The legislation is co-sponsored by Sens. Shelley Moore Capito (R-W.Va.), Richard Blumenthal (D-Conn.), Bill Cassidy (R-La.), Cory Booker (D-N.J.), John Barrasso (R-Wyo.), Jacky Rosen (D-Nev.), Cynthia Lummis (R-Wyo.), John Hickenlooper (D-Colo.), Ted Budd (R-N.C.), Marsha Blackburn (R-Tenn.), Roger Wicker (R-Miss.), Todd Young (R-Ind.), John Curtis (R-Utah), Tim Sheehy (R-Mont.), Raphael Warnock (D-Ga.), Martin Heinrich (D-N.M.), Gary Peters (D-Mich.), Adam Schiff (D-Calif.), Catherine Cortez Masto (D-Nev.), and Jeanne Shaheen (D-N.H.).
    Background:
    While nearly every state has a law protecting people from non-consensual intimate imagery (NCII), including 30 states with laws explicitly covering sexual deepfakes, these state laws vary in classification of crime and penalty and have uneven criminal prosecution. Further, victims struggle to have images depicting them removed from websites, increasing the likelihood the images are continuously spread and victims are retraumatized.
    In 2022, Congress passed legislation creating a civil cause of action for victims to sue individuals responsible for publishing NCII. However, bringing a civil action can be incredibly impractical. It is time-consuming, expensive, and may force victims to relive trauma. Further exacerbating the problem, it is not always clear who is responsible for publishing the NCII.
    The TAKE IT DOWN Act would protect and empower victims of real and deepfake NCII while respecting speech by:
    Criminalizing the publication of NCII in interstate commerce. The bill makes it unlawful for a person to knowingly publish NCII on social media and other online platforms. NCII is defined to include realistic, computer-generated pornographic images and videos that depict identifiable, real people. The bill also clarifies that a victim consenting to the creation of an authentic image does not mean that the victim has consented to its publication.
    Protecting good faith efforts to assist victims. The bill permits the good faith disclosure of NCII, such as to law enforcement, in narrow cases. 
    Requiring websites to take down NCII upon notice from the victim. Social media and other websites would be required to have in place procedures to remove NCII, pursuant to a valid request from a victim, within 48 hours. Websites must also make reasonable efforts to remove copies of the images. The FTC is charged with enforcement of this section. 
    Protecting lawful speech. The bill is narrowly tailored to criminalize knowingly publishing NCII without chilling lawful speech. The bill conforms to current First Amendment jurisprudence by requiring that computer-generated NCII meet a “reasonable person” test for appearing indistinguishable from an authentic image.
    To read the bill text, click HERE.

    MIL OSI USA News –

    February 14, 2025
  • MIL-OSI Australia: Second Reading Speech – Early Childhood Education And Care (Three Day Guarantee) Bill 2025

    Source: Australian Executive Government Ministers

    Ask any parent, and they’ll tell you early education and care is an essential service. It helps them get back to work and helps their children get ready for school. Under
    the Liberals the cost went through the roof and the rules were tightened to make it harder for some children to get the start in life they deserve. We’re fixing that.

    Over 10 years the cost of child care exploded by more than 49 per cent—double the OECD average—under Abbott, Turnbull and Morrison. We said we’d cut the cost of child care and we have, for more than one million families right across the country. As a result of the changes we made and passed through this Parliament two years ago, a family on a joint income of about $120,000 has saved $2,768 since July 2023. That’s helped a lot of parents get back to work and put more money in their pockets, and it’s meant more children are now getting the benefits of our early education system. The number of children in our early education system is now about 100,000 more than it was when we were elected 2½ years ago. That’s a good thing. There are also 1,000 more centres and more services. That’s good, too.

    When we came to office 2½ years ago, something else was happening. The people who educate and care for our children were leaving the sector in droves. They were leaving the job that they loved. The attrition rate was through the roof. That’s now changed, too. The reason for that is the 15 per cent pay rise that we’re now rolling out. The best example of that is what’s happening at Goodstart Early Learning, the biggest childcare operator in the country. At their centres, across the country, job applications have now jumped by 35 per cent. Expressions of interest have jumped by 50 to 60 per cent, and vacancy rates are down by a massive 28 per cent. We’re seeing that right across the country. Vacancy rates right across the sector are now down by 22 per cent. It turns out that, if you pay people more, more want to do the job. Early educators are some of the most important workers in this country and some of the most underpaid. They were leaving the job that they love, the job that we need them to, not because they didn’t want to do it but because they couldn’t afford to keep doing it. That 15 per cent pay increase is fixing that.

    The next step in making our early education system better and fairer is making sure that more children who currently can’t get access to it get that chance. In February 2023, we asked the Productivity Commission to comprehensively review our early education system. We asked them to help build a blueprint for reform and tell us how we can build a truly universal early education system. We got their final report in June of last year. One of the things it says that we have to do if we want to build that universal early education system is build more centres where they don’t exist, what are sometimes referred to as ‘childcare deserts’. We’re doing that. In December, the Prime Minister announced that, if we win the next election, the government will create a $1 billion Building Early Education Fund. This will be the single biggest ever investment by an Australian government in new childcare services. It will build or expand over 160 early education and care centres where they’re needed most. I want to thank GrainGrowers, who said that this is positive step and that this fund will help expand and build new childhood education and care centres in areas of need. I want to thank the National Farmers Federation too for imploring the Liberals and the Nationals to match what we’re doing. They get it. Unfortunately, the Liberal Party and National Party haven’t heard them, because they don’t support this. They’ve spent 2½ years in this Parliament talking about childcare deserts. They spent a decade in government doing nothing about it. Now there is a $1 billion fund on the table that they could support, but they choose not to. It’s unbelievable. The Productivity Commission also recommended something else that we need to do next. That’s to get rid of the Liberals’ activity test. This is a real barrier that was purposefully put in place by the Liberal Party to limit access to early education for a lot of children—in particular, a lot of disadvantaged children and kids from poor families. It is deeply unfair. A test to determine if your child is worthy of accessing early education is one that no family should have to pass. The Productivity Commission report gives us a definition of what a universal early education and care system could and should look like. It says it’s a system where every child can get access to affordable early education and care three days a week or 30 hours a week. This bill gets rid of the Liberals’ activity test and replaces it with a guarantee of access to three days a week of government supported early education and care for every child who needs it. It’s still means tested, but it means that families will not be left out because parents are looking for work or preparing to go back to study. It means that over 100,000 families will be able to get more subsidised hours of early education and care. And it means real cost-of-living relief for 66,700 families in the first full financial your alone. Those families will save an average of $1,370 per year on their childcare costs. About half of those families earn less than $100,000 per year. Lower-income families will save even more: an average of $1,460 a year.

    This is going to make a real difference for a lot of young families. It will help with the cost of living but it will do more than that. Fundamentally this is about helping every child get a great start in life—what every parent wants for their children and what every child deserves—helping them to get ready to start school, helping to make sure they don’t start school behind. That’s what early education does. This is not babysitting; it’s early education. The evidence is clear: children who get access to early education and care are more likely to start school ready to go, ready to learn. They’re also more likely to finish school and then go on to more study. Former US President Joe Biden often made the point that a child who goes to preschool is 50 per cent more likely to go to college. At the moment, while lots of Australian children get the benefit of this life-changing opportunity, not all do. As the Productivity Commission pointed out in its final report, at the moment it’s children who need it most who are least likely to access early education and care. In 2021 only 54 per cent of children in the most disadvantaged areas were enrolled in early education and care, compared with 76 per cent of children in the highest socioeconomic areas. The most recent Early Development Census report found that only 42.7 per cent of children experiencing the highest level of socioeconomic disadvantage were on track when they started school, compared with 54.8 per cent of all children. That’s what this is about: helping them, helping to make sure more children are ready to start school.

    This bill does something else, too. As part of our commitment to closing the gap we are setting a target of ensuring that at least 55 per cent of Indigenous Australian children are developmentally on track. At the moment it’s 34 per cent. That’s a big gap. Not unsurprisingly, Indigenous children’s attendance at early education and care is way below the national average, and the activity test is one of the reasons for this. That’s why this bill increases the base entitlement to 100 hours for Indigenous children. It’s a really important change—one that Indigenous families and communities have been calling for since the activity test was created. And we have listened. You only have to listen to the words of the CEO of SNAICC, Catherine Liddle, after the Prime Minister announced this policy to know how important this is. This is what Catherine said:
    This can be a game-changer for our babies. It will mean more children are developmentally ready for school, setting them up for a thriving future.

    It’s just one part of the work we need do to close the gap, and I am so very proud that it’s part of this bill. I want to thank the Prime Minister for his leadership in driving reform in this area, and I know how personally important it is to him to see these changes being made. I also want to thank my dear friend and colleague the Minister for Early Childhood Education, the awesome Anne Aly. I also want to thank our offices, and I want to thank our department for the work they have done in preparing this legislation. And I want to thank our early educators and our teachers, and I hope you see in this bill how this government values the important work you do. I also want to thank everyone who has called for this for years and years and years—groups like the Parenthood, whose CEO, Georgie Dent, called this ‘a paradigm shift’; people like Ros Baxter, the CEO of Goodstart, who said, ‘This will change lives;’ or Jay Weatherill at the Minderoo Foundation who called this ‘a momentous step’; or the Centre for Policy Development, who said that this guarantee ‘is a game-changer’ and that it demonstrates ‘a real dedication to delivering a universal system’; or the Business Council of Australia’s Wendy Black, who said that they have ‘long called for an early childhood education guarantee based on quality, universal access to give children a strong educational foundation’.

    This is important reform for an essential service for more than a million families across the country. It helps parents get back to work, but, even more important than that, it helps the next generation of Australians to prepare for school, to prepare for their life ahead. That’s what makes this reform so important, and I am so happy to commend it to the House.

    MIL OSI News –

    February 14, 2025
  • MIL-OSI China: US stocks close higher after Trump signs memo on reciprocal tariffs

    Source: China State Council Information Office 3

    U.S. stocks advanced on Thursday as investors reacted to U.S. President Donald Trump’s announcement of planned reciprocal tariffs.

    The Dow Jones Industrial Average gained over 0.7 percent, adding more than 350 points, while the S&P 500 rose over 1 percent to close at 6,115.06, just shy of its record 6,118.71. The Nasdaq Composite climbed more than 1.5 percent, driven by strong performances from Nvidia and Tesla.

    Sector performance was largely positive, with 10 of 11 S&P 500 sectors closing in the green. Materials rose 1.74 percent, followed by Consumer Discretionary at 1.50 percent and Technology at 1.42 percent, leading the gains. Meanwhile, Utilities increased 0.23 percent and Industrials edged up 0.10 percent, posting more modest advances.

    Trump signed a memorandum directing his administration to develop a plan for reciprocal tariffs, aiming to match the tariffs that other countries impose on U.S. exports.

    The announcement led to a surge in the Dow Jones Industrial Average, as investors anticipated potential benefits for domestic industries. Additionally, Trump suggested that further tariffs, including those on auto imports, could be forthcoming, indicating a more aggressive stance on trade policy in the near future.

    Meanwhile, the Producer Price Index (PPI) for final demand increased by 0.4 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported on Thursday.

    The 10-year Treasury yield fell after the inflation data and was recently down about 10 basis points to 4.535 percent, as of 4:36 p.m. Eastern Time.

    “The components that feed into PCE is, I think, where we’re getting the celebration today. That’s helping bring yields down a little bit as well,” said Adam Turnquist, chief technical strategist at LPL Financial.

    “We’re watching 4.5 percent as the line in the sand for this upturn that’s been in place since September. A break below that would be a welcome sign for equity markets,” he added.

    The U.S. labor market continued to exhibit resilience, as evidenced by a decline in initial jobless claims. For the week ending Feb. 8, applications for unemployment benefits decreased by 7,000 to a seasonally adjusted 213,000, surpassing analysts’ expectations of 215,000.

    In January, the United States added 143,000 jobs, and the unemployment rate fell to 4 percent. However, the labor market’s strength is juxtaposed with recent announcements of workforce reductions by major corporations. Meta Platforms, for instance, has initiated company-wide layoffs affecting approximately 5 percent of its workforce, targeting what it identifies as its “lowest performers.” Similarly, companies like Workday, Dow, CNN, and Starbucks have also announced job cuts in 2025.

    MIL OSI China News –

    February 14, 2025
  • MIL-OSI China: China’s unreliable entity list only targets very small number of rule-breaking firms

    Source: China State Council Information Office 3

    China’s Ministry of Commerce said Thursday that the unreliable entity list targets only a very small number of foreign entities that undermine market rules and violate Chinese laws.

    Two U.S. firms, namely PVH Corp. and Illumina, Inc., were added to China’s unreliable entity list on Feb. 4. The move could subject the companies to one or multiple measures under Article 10 of the country’s provisions on the unreliable entity list, ministry spokesperson He Yongqian said at a regular news conference.

    China has always exercised prudence in addressing issues related to the unreliable entity list, He said, noting that honest and law-abiding foreign entities have nothing to worry about.

    The Chinese government continues to welcome companies from around the world to invest and operate in China, and remains committed to providing a stable, fair and predictable business environment for law-abiding foreign enterprises operating in the country, said the spokesperson.

    MIL OSI China News –

    February 14, 2025
  • MIL-OSI China: ‘Ne Zha 2’ derivatives ride blockbuster wave, eye global market

    Source: China State Council Information Office

    This photo taken on Feb. 13, 2025 shows a poster for the Chinese animated film “Ne Zha 2” at a cinema in Chaoyang District of Beijing, capital of China. [Photo/Xinhua]

    Fans of record-breaking blockbuster Chinese movie “Ne Zha 2” are making significant waves in the derivatives market, clearing out retailer inventories and even creating DIY character-shaped dolls and food items.

    Since the film’s debut on the first day of the Chinese New Year, which was Jan. 29 this year, sales of its collectibles, ranging from mystery toy boxes and cards to fridge magnets and badges, have reportedly topped 50 million yuan (about 6.97 million U.S. dollars) on Taobao, a leading e-commerce platform in China.

    This sequel to the 2019 hit “Ne Zha,” with inspirations derived from Chinese mythological tales, has already drawn over 200 million cinema-goers, the highest number in the country’s film history.

    The film became an instant holiday box office hit thanks to its contemporary re-imagination of Ne Zha, a well-known mythical figure with extraordinary powers, and via its intriguing plot twists. As of Wednesday, it had grossed over 9 billion yuan, igniting high public enthusiasm for its collectibles.

    Customers inquiring about toys featuring characters from the film are often left disappointed at stores across China. A salesperson at a trendy toy store in downtown Nanjing in east China’s Jiangsu Province said even display samples were sold out. “We expect to restock items like laser cards later.”

    Notably, Hunan Sunny & Sandy Toys Manufacturer Co. Ltd., the film’s sole licensed manufacturer of 3D food-grade plastic toys in China, reported sales of over 450,000 mystery toy box sets through live-streaming in just 11 days — ranking first in terms of the sales of board-game merchandise on the video platform. In addition, more than 10 million of these sets have been sold through offline partnerships.

    Yang Zhenlin, assistant to the company’s chairman, said their factory workshops had to resume operations ahead of schedule after the Spring Festival holiday, with their hundreds of staff members working tirelessly to replenish inventory. “We had great confidence in the film even before its release, so we promptly secured the copyright,” Yang told Xinhua.

    This week, on e-commerce platforms, some stores have gradually restored supplies. Businesses in the second-hand market have remained brisk.

    Fans have also discovered that the gold bracelets they had purchased after the first Ne Zha film came out in 2019, with designs inspired by the “universe ring” on Ne Zha’s arm, have tripled in value on the second-hand market, thanks to both the success of “Ne Zha 2” and a higher gold price.

    Some fans have gone so far as to make their own versions of it, using wood, plasticine, flour and even thread. Coinciding with the Lantern Festival on Feb. 12, netizens shared creative improvisations of Ne Zha-shaped glutinous rice dumplings, a festive food.

    Miao Lingyi, a 10-year-old girl living in east China’s Shanghai, expressed her admiration for the character Ao Bing, the son of the Dragon King, stating her desire to use her pocket money to buy a collectible featuring him. “I really love the character and I don’t mind waiting a while for the collectible,” she said.

    According to experts, the film’s huge success stemming from its captivating plot and stunning special effects, has evoked emotional attachment and resonance with characters among its audiences, while some related products feature limited edition designs — thereby enhancing their value as collectibles and stimulating consumer purchasing enthusiasm.

    Ye Guofu, founder of MINISO, a Chinese retailer known for its fashionable but affordable household products, said that Chinese consumers’ growing focus on emotional value attached to commodities, particularly among the younger generations, is expected to further drive the consumption of IP-featured products, such as those related to domestic animated films and games.

    With this lucrative market rapidly expanding, experts have stressed the importance of both IP innovation and product quality, while warning against risks of market irregularities and intellectual property rights violations.

    Law professor Zheng Ning with Communication University of China suggested that market regulators strengthen oversight to combat potential price gouging and the sale of substandard products — thereby ensuring a more orderly market environment.

    Zhao Liangshan, a lawyer in northwest China’s Shaanxi Province, cautioned that handcrafted items made for personal use are not allowed for commercial purposes.

    As “Ne Zha 2” enters international markets, Hunan Sunny & Sandy Toys Manufacturer Co., Ltd. aims to target global markets — particularly in Asia, North America and Europe.

    The film is set to be screened in various countries, including the United States, Canada, Australia, New Zealand, South Africa, Egypt, Singapore, Japan and the Republic of Korea, with premieres in Los Angeles and Sydney having received positive responses from professionals and fans alike.

    MIL OSI China News –

    February 14, 2025
  • MIL-OSI USA: Cramer, Thune Introduce Death Tax Repeal Act

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)
    WASHINGTON, D.C. – The impacts of the federal estate tax, often referred to as the death tax, were reduced in 2017 with the passage of the Tax Cuts and Jobs Act, which doubled the amount exempt from the tax and tied it to inflation. These tax cuts, unless extended, expire in 2025. In particular, the death tax significantly impacts family farms, ranches, and small businesses.
    U.S. Senator Kevin Cramer (R-ND) joined U.S. Senate Majority Leader John Thune (R-SD) in introducing the Death Tax Repeal Act. This legislation would permanently repeal the federal estate tax and generation-skipping transfer taxes, reduce the federal gift tax from 40 percent to 35 percent, and retain the full step-up in basis.
    “Taxing the assets of people who have died is wrong on multiple levels, starting with the fact the same income is taxed twice, during life and after death,” said Cramer. “It’s hard to imagine a less moral government imposition than taxing death.”
    “Family farms and ranches play a vital role in our economy and are the lifeblood of rural communities in South Dakota,” said Thune. “Losing even one of them to the death tax is one too many. It’s time to put an end to this punishing, burdensome tax once and for all so that family farms, ranches and small businesses can grow and thrive without costly estate planning or massive tax burdens that can threaten their viability.”
    Cramer supported related efforts when Congress debated the Tax Cuts and Jobs Act.
    The bill is endorsed by supported by more than 190 members of the Family Business Coalition and more than 105 members of the Family Business Estate Tax Coalition, which includes the National Federation of Independent Business, the National Restaurant Association, the National Association of Home Builders, and the U.S. Chamber of Commerce.
    Cosponsors of the bill include U.S. Senators Jim Banks (R-IN), John Barrasso (R-WY), Marsha Blackburn (R-TN), John Boozman (R-AR), Katie Britt (R-AL), Ted Budd (R-NC), Shelley Moore Capito (R-WV), John Cornyn (R-TX), Tom Cotton (R-AR), Mike Crapo (R-ID), Ted Cruz (R-TX), John Curtis (R-UT), Steve Daines (R-MT), Joni Ernst (R-IA), Deb Fischer (R-NE), Lindsay Graham (R-SC), Chuck Grassley (R-IA), Bill Hagerty (R-TN), Josh Hawley (R-MO), John Hoeven (R-ND), Cindy Hyde-Smith (R-MS), Ron Johnson (R-WI), Jim Justice (R-WV), John Kennedy (R-LA), James Lankford (R-OK), Mike Lee (R-UT), Cynthia Lummis (R-WY), Roger Marshall (R-KS), Mitch McConnell (R-KY), Dave McCormick (R-PA), Jerry Moran (R-KS), Bernie Moreno (R-OH), Markwayne Mullin (R-OK), Pete Ricketts (R-NE), Jim Risch (R-ID), Mike Rounds (R-SD), Eric Schmitt (R-MO), Rick Scott (R-FL), Tim Scott (R-SC), Tim Sheehy (R-MT), Thom Tillis (R-NC), Tommy Tuberville (R-AL), Roger Wicker (R-MS), and Todd Young (R-IN).
    Click here for bill text.

    MIL OSI USA News –

    February 14, 2025
  • MIL-OSI USA: Ernst Pushes to Secure Permanent, Year-Round E15 for All Americans

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)
    WASHINGTON – U.S. Senator Joni Ernst (R-Iowa), a member of the Senate Agriculture Committee, renewed her longstanding support for the Nationwide Consumer and Fuel Retailer Choice Act, the only nationwide solution to unleash year-round E15.
    This bipartisan legislation would provide a permanent solution for fuel blends containing 10% or more ethanol to allow for the year-round sale of E15 in all 50 states. The commonsense approach would deliver much-needed certainty to both biofuel producers and consumers.
    “It’s time to finally end years of unsustainable emergency waivers and patchwork regulations by permanently enacting nationwide E15,” said Senator Ernst.“We know this legislation will drive down prices at the pump, add value to the crops grown by farmers, strengthen our rural communities, fortify domestic energy dominance, and provide certainty for biofuel producers and consumers alike.”
    Background:
    Throughout her time in Congress, Ernst has been a strong advocate for homegrown, Iowa biofuels. Since 2015, she has led legislation to permanently allow the nationwide sale of year-round E15. She looks forward to partnering with the Trump administration to make it a reality.
    In March 2024, Ernst and the entire Iowa delegation urged President Biden to immediately issue an emergency waiver, which would make E15 available across the country and utilize the strength of American agriculture to provide energy independence. In April 2024, Ernst and a bipartisan group of senators once again called on President Biden to permit the summertime sale of E15 fuel and finally secured year-round, nationwide E15 sales for the entire 2024 driving season.

    MIL OSI USA News –

    February 14, 2025
  • MIL-Evening Report: Parliament has passed landmark election donation laws. They may be a ‘stitch up’ but they also improve Australia’s democracy

    Source: The Conversation (Au and NZ) – By Joo-Cheong Tham, Professor, Melbourne Law School, The University of Melbourne

    Federal parliament has passed the biggest changes to Australia’s electoral funding laws in decades.

    The Albanese government’s Electoral Legislation Amendment (Electoral Reform) Bill 2024 cleared the Senate on Wednesday night after just two hours of debate on amendments agreed to earlier by the Coalition. In blatant disregard for democracy, the government refused to refer the bill to a parliamentary committee for proper scrutiny.

    The amendments fail to address numerous deficiencies in the original bill that was introduced last November. Transparency has been wound back and hollow contribution caps have been locked in.

    In significant respects, however, the package is an improvement on the status quo, which has seen unrestricted donations and spending flourish. So, too, secrecy.

    We need to penetrate the sound and fury of partisanship and assess the substance of these laws. This will yield a much more nuanced picture than conveyed by cross bench claims of a major party stitch up.

    Some improvement to transparency

    The government originally proposed lowering the disclosure threshold for donations from $16,000 to $1,000. The revised bill settles on a new threshold of $5,000.

    The amendments fail to plug a loophole that allows a donor to give separately to all of the branches attached to a political party if each individual contribution is just under the threshold. For example, a donor could spread almost $45,000 to the nine state and federal branches of the ALP without being required to declare the amounts.

    But the new laws will usher in near-real time disclosure and substantially reduce “dark money”, a seismic shift from the secrecy and lack of timeliness in the regime it replaces.

    Hollow donation caps

    Under the reforms, a series of contribution caps have been introduced to curb the influence of big money in politics.

    In my assessment of the original bill, I highlighted how the caps would prevent multi-million dollar contributions from cashed-up individuals.

    The amendments go further by closing a number of sizeable loopholes. Self financing candidates, such as Clive Palmer and Malcolm Turnbull will be subject to the contribution caps. The current exclusions for membership and affiliation fees to associated entities – “disguised donations” – will also be caught by the caps.

    But any positives are emphatically outweighed by the “annual gift cap” more than doubling to $50,000. The same “spreading” loophole that applies to the disclosure obligations would allow a donor to to give just shy of this amount to each of a party’s state and federal branches across the country. The major parties could reap up to almost $450,000 per annum from a single donor.

    And the “overall gift cap” on total donations made to political parties and candidates is a generous $1.6 million, which means large contributions will still be permissible under the new framework.

    The government has also failed to remove the patently unfair provisions relating to “nominated entities”, which are likely to be used by the major parties as investment vehicles.

    As the Victorian Electoral Review Expert Panel has rightly noted, such entities:

    provide some (parties) with significantly more funds, creating a risk that those (parties) drown out other voices.

    Election spending contained and fairer

    The spending caps in the new finance laws are fundamentally unaltered by the government’s amendments.

    The $800,000 per electorate limit, and $90 million per party nationally, will contain the “arms race” that has necessitated “big money” fundraising and fuelled unfair contests.

    However, the limits are set too high and will benefit the established parties due to the narrow scope of the spending caps in individual electorates. This means the major parties will be able to shift funding to must-win seats without being caught by the electorate caps.

    This shortcoming has been seized upon as clear evidence that Labor and the Liberals are seeking to kneecap Teal election campaigns. While having some force, these criticisms should be viewed in the context of the current situation where the major parties have an unfettered ability to direct spending to marginal seats, a situation which the Teals are ironically defending with their opposition to spending caps.

    The importance of public funding

    The new regime includes a substantial jump in public funding from $3.50 to $5 per vote.

    Crossbenchers, such as Kate Chaney, are opposed, to the increase, saying it will entrench the might of the majors while making it harder for new independents:

    The effect of increasing public funding is that political parties don’t have to fundraise because they’ve got their war chests. But any challengers do have to fundraise.

    While there is a clear risk of unfairness, the crossbench position throws the baby out with the bathwater. It romanticises the role of private funding, skating over the risks of corruption and undue influence via large donations.

    The public funding of political parties and candidates is warranted. But there should be a conversation about the design and scope of taxpayer support.

    The political finance laws could be made considerably fairer by fixing the structural bias that favours incumbents, including teal MPs. And they don’t need to be as generous given the large flows of private funding that will continue under the shallow contribution caps.

    Unfinished business

    Bad processes tend to make bad laws. The government’s actions have cast a pall of illegitimacy over its political finance regime. The new framework is unfair and ineffectual in significant ways and yet democracy enhancing in others.

    We are all trustees of democracy, with an obligation to protect and deepen democratic practices. An urgent task in that continuing struggle is to protect the strengths of these laws while jettisoning the elements that are egregiously bad.

    Joo-Cheong Tham has received funding from the Australian Research Council, the Australian Council of Trade Unions, European Trade Union Institute, International IDEA, the New South Wales Electoral Commission, the New South Wales Independent Commission Against Corruption and the Victorian Electoral Commission. He is a Director of the Centre for Public Integrity; Expert Network Member of Climate Integrity; a Fellow of the Academy of Social Sciences in Australia; and the Victorian Division Assistant Secretary (Academic Staff) of the National Tertiary Education Union.

    – ref. Parliament has passed landmark election donation laws. They may be a ‘stitch up’ but they also improve Australia’s democracy – https://theconversation.com/parliament-has-passed-landmark-election-donation-laws-they-may-be-a-stitch-up-but-they-also-improve-australias-democracy-249588

    MIL OSI Analysis – EveningReport.nz –

    February 14, 2025
  • MIL-OSI USA: Secretary Wright Acts to “Unleash Golden Era of American Energy Dominance”

    Source: US Department of Energy

    WASHINGTON—U.S. Secretary of Energy Chris Wright signed his first Secretarial Order today directing the Department of Energy to take immediate action to unleash American Energy in accordance with President Trump’s executive orders.

    SECRETARIAL ORDER

    FEBRUARY 5, 2025
    FROM:                       CHRIS WRIGHT
                                       SECRETARY OF ENERGY
    SUBJECT:                  Unleashing the Golden Era of American Energy Dominance

    As Secretary of Energy, it is an immense privilege to serve alongside each of you at such a consequential moment in American history. Energy is the essential ingredient that enables everything we do. A highly energized society can bring health, wealth, and opportunity for all. At the Department, we have an opportunity to promote energy abundance, demonstrate leadership in scientific and technological innovation, steward and strengthen our weapons stockpiles, and meet Cold War legacy waste clean-up commitments.

    President Trump has outlined a bold and ambitious agenda to unleash American energy at home and abroad to restore energy dominance. To compete globally, we must expand energy production and reduce energy costs for American families and businesses. America must lead the world in innovation and technology breakthroughs, which includes accelerating the work of the Department’s National Laboratories. We must also permit and build energy infrastructure and remove barriers to progress, including federal policies that make it too easy to stop projects and far too difficult to complete projects.

    We must pursue a culture of transparency, performance, and common sense to succeed. Accordingly, the Department will take the following initial actions:

    1. Advance Energy Addition, Not Subtraction: 

    Great attention has been paid to the pursuing of a net-zero carbon future. Net-zero policies raise energy costs for American families and businesses, threaten the reliability of our energy system, and undermine our energy and national security. They have also achieved precious little in reducing global greenhouse gas emissions. The fact is that energy matters, and we need more of it, not less. Going forward, the Department’s goal will be to unleash the great abundance of American energy required to power modern life and to achieve a durable state of American energy dominance.

    2. Unleash American Energy Innovation: 

    The Department’s Research and Development (R&D) enterprise is the envy of the world. We must focus our time and resources on technologies that will advance basic science, grow America’s scientific leadership, reduce costs for American families, strengthen the reliability of our energy system, and bolster America’s manufacturing competitiveness and supply chain security. As such, the Department’s R&D efforts will prioritize affordable, reliable, and secure energy technologies, including fossil fuels, advanced nuclear, geothermal, and hydropower. 
    The Department must also prioritize true technological breakthroughs – such as nuclear fusion, high-performance computing, quantum computing, and AI – to maintain America’s global competitiveness. To that end, the Department will comprehensively review its R&D portfolio. As part of that review, the Department will rigorously enforce project milestones to ensure that taxpayer resources are allocated appropriately and cost-effectively consistent with the law.

    3. Return to Regular Order on LNG Exports: 

    America is blessed with abundant energy resources – we are the world’s top oil and gas producer and a net energy exporter for the first time in decades. Our energy abundance is an asset, not a liability. On January 20, the Department resumed consideration of pending applications to export American liquefied natural gas (LNG) to countries without a free trade agreement (FTA) with the U.S. in accordance with the Natural Gas Act. Proper consideration of LNG export applications is required by law and shall proceed accordingly.

    4. Promote Affordability and Consumer Choice in Home Appliances: 

    A top priority of the Trump Administration is to ensure that American families can choose from a range of affordable home appliances and products. Therefore, the Department will initiate a comprehensive review of the DOE Appliance Standards Program. Any standards should include a cost-benefit analysis considering the upfront cost of purchasing new products and reflecting actual cost savings for American families. The Department will pursue a commonsense approach that does not regulate products that consumers value out of the market; instead, affordability and consumer choice will be our guiding light.

    5. Refill the Strategic Petroleum Reserve (SPR): 

    As President Trump has stated, the SPR is a national asset that protects our security in times of crisis. It must be refilled. Unfortunately, the SPR is currently at historically low levels. We will not permit this to become a new status quo. Moreover, the Department will review SPR infrastructure and develop appropriate plans to safeguard this important strategic asset.

    6. Modernize America’s nuclear stockpile: 

    We urgently need to modernize the nation’s nuclear weapons systems. The Department will continue its critical mission of protecting our national security and nuclear deterrence in the development, modernization, and stewardship of America’s atomic weapons enterprise, including the peaceful use of nuclear technology and nonproliferation.

    7. Unleash Commercial Nuclear Power in the United States: 

    The long-awaited American nuclear renaissance must launch during President Trump’s administration. As global energy demand continues to grow, America must lead the commercialization of affordable and abundant nuclear energy. As such, the Department will work diligently and creatively to enable the rapid deployment and export of next-generation nuclear technology.

    8. Strengthen Grid Reliability and Security: 

    Fortifying America’s electric grid is critical to the reliable and secure delivery of electricity. Under President Trump’s Executive Order, “Declaring a National Energy Emergency,” the Department will identify and exercise all lawful authorities to strengthen the nation’s grid, including the backbone of the grid, our transmission system. This is an imperative as we consider current and anticipated load growth on our nation’s electric utilities. Moreover, after two decades of very slow demand growth, electricity demand is forecast to soar in the coming years. The Department will bring a renewed focus to growing baseload and dispatchable generation to reliably meet growing demand.

    9. Streamline Permitting and Identify Undue Burdens on American Energy:

    A burdensome federal permitting process undermines America’s competitiveness and national security. Pursuant to President Trump’s Executive Orders, the Department will prioritize more efficient permitting to enable private sector investments and build the energy infrastructure needed to make energy more affordable, reliable, and secure. To that end, the Department will identify and exercise its legal authorities to expedite the approval and construction of reliable energy infrastructure.

    The Department’s mission is vital to American security and prosperity. Working together, we will accelerate American science, reduce energy costs for American families and businesses, and strengthen the reliability and security of our nation’s energy system — all in our quest to better human lives. I look forward to working with you on this noble mission.

    ###

    MIL OSI USA News –

    February 14, 2025
  • MIL-OSI USA: U.S. Department of Energy Secretary Chris Wright Announces Key Senior Staff Appointments

    Source: US Department of Energy

    WASHINGTON— Today, U.S. Secretary of Energy Chris Wright announced key appointments to the Department’s senior leadership team, naming experienced professionals who will lead efforts to advance President Trump’s energy agenda. 

    “President Trump has outlined a bold and ambitious agenda for restoring American energy dominance, and this exceptional team of leaders will be essential to delivering that agenda in this critical moment,” Secretary Wright said. “Energy is essential to everything we do, and I look forward to working together to remove barriers to innovation, cut red tape and pursue common sense solutions for unleashing our energy potential. The American people deserve nothing less.”

    Key senior staff appointments include:

    Office of the Secretary
    Alexander Fitzsimmons, Chief of Staff
    Audrey Barrios, Advisor to the Secretary
    Mike Kopp, Senior Advisor to the Secretary
    Conner Prochaska, Senior Advisor
    Theodore Garrish, Senior Advisor
    John LaValle, White House Liaison
    Samuel Fodale, Deputy White House Liaison

    Office of the Under Secretary for Infrastructure
    Steven Winberg, Acting Under Secretary

    Office of Public Affairs
    Andrea Woods, Deputy Director
    Ben Dietderich, Press Secretary and Chief Spokesperson

    Office of Management
    Ashley Hebert, Director, Scheduling and Advance
    Isabelle Lamanna, Director of Scheduling

    Office of the Chief Financial Officer
    Joshua Jones, Senior Advisor

    Office of Clean Energy Demonstrations
    Curt Coccodrilli, Senior Advisor
    Cathleen Tripodi, Executive Director

    Office of Science
    Christian Newton, Chief of Staff

    Office of Small and Disadvantaged Business Utilization
    Charles Smith, Director

    Loan Programs Office
    John Sneed, Director

    Grid Deployment Office
    Joseph Alexander, Chief of Staff
    Christina Francone, Senior Advisor

    Assistant Secretary for Congressional and Intergovernmental Affairs
    Shawn Affolter, Principal Deputy Assistant Secretary

    Assistant Secretary for Fossil Energy and Carbon Management
    Tala Goudarzi, Principal Deputy Assistant Secretary 
    Kevin Tatulyan, Chief of Staff

    Assistant Secretary for Energy Efficiency and Renewable Energy
    Louis Hrkman, Principal Deputy Assistant Secretary 

    Assistant Secretary for Electricity
    Catherine Jereza, Senior Advisor

    Assistant Secretary for Environmental Management
    Roger Jarrell, Senior Advisor

    Assistant Secretary for International Affairs
    William Joyce, Principal Deputy Assistant Secretary
    Andrew Rapp, Senior Advisor

    State And Community Energy Programs
    Eric Mahroum, Director
     

    MIL OSI USA News –

    February 14, 2025
  • MIL-OSI USA: WHAT THEY ARE SAYING: Secretary Wright Poised to Unleash American Energy Dominance

    Source: US Department of Energy

    WASHINGTON—This week, Chris Wright was sworn in as the 17th Secretary for the Department of Energy. Nominated by President Donald J. Trump for his leadership and experience in the energy sector, Secretary Wright has been at the forefront of expanding domestic production, strengthening critical infrastructure, and advancing policies that promote American energy independence. His expertise will be essential as the Department returns to regular order and works to advance President Trump’s energy dominance agenda.  

    Under Secretary Wright’s leadership, the Department will focus on streamlining operations, cutting regulatory burdens imposed by the previous Administration, prioritizing common-sense solutions and unleashing American energy to drive economic growth and strengthen national security. 

    Secretary Wright’s confirmation has been met with widespread praise from policymakers, industry leaders, and trade associations and others.

    What They’re Saying:        

    “As Secretary of Energy, Chris will be a key leader, driving innovation, cutting red tape, and ushering in a new ‘Golden Age of American Prosperity and Global Peace.’” – President Donald Trump 

    “America’s extraordinary new Energy Secretary, Chris Wright, will work alongside President Trump to restore American energy dominance. As an entrepreneur and leader in the energy sector, Chris has experienced the crushing weight of bureaucracy and knows that innovation – not regulation – is what drives down energy costs. House Republicans stand ready to work with Chris to advance policies that cut red tape for producers and lower costs for consumers.” – House Speaker Mike Johnson (R-La.)

    “Chris Wright has seen what American-made energy can do to improve human lives, bring people out of poverty, and remake entire societies. He will be an asset to President Trump’s energy team, and I look forward to seeing what he can accomplish to make our nation energy independent once again.” – U.S. Senator John Thune (R-S.D.), Senator Majority Leader

    “Secretary Chris Wright will help usher in the golden age of American energy dominance. He understands that affordable, abundant energy is the source of American strength. Under his leadership, we will use all of our nation’s vast energy resources to lower prices for families and grow our economy. I look forward to working with Secretary Wright and Secretary Doug Burgum to promote energy projects in Wyoming and across the country.” – U.S. Senator John Barrasso (R-Wyo.), Senate Majority Whip 

    “For the last four years, when Americans opened their energy bills, they didn’t see ‘climate plans’—they saw costs piling up and questions they couldn’t answer. With Chris Wright as Secretary of Energy, I am confident that we can reverse the irresponsible policies of the Biden administration and prioritize affordable and reliable energy. Under his leadership, the DOE will once again support the American worker, the American family, and the American future.” – U.S. Senator Mike Lee, Chairman, Senate Committee on Energy and Natural Resources (R-Utah)

    “Chris Wright is a successful Colorado entrepreneur with deep expertise in energy innovation and technology. He is passionate about strengthening America’s energy independence and lowering costs for Colorado families. While we don’t agree on everything, we look forward to working with him to ensure Colorado continues to lead the country in energy production and innovation.”  – U.S. Senator Michael Bennet (D-Colo.)

    “Chris Wright’s Liberty Energy company has been integral to the growth of North Dakota’s Bakken oil fields. From our shale play to carbon capture development, Chris knows the importance of energy innovation to the America First agenda.” – U.S. Senator Kevin Cramer (R-N.D.)

    “Christopher Wright has committed to an all-of-the-above domestic energy strategy that will advance and promote innovative solutions to achieve greater American energy excellence, leadership, and independence. He has an extensive background spanning many energy sources. Wright’s commitment to ensuring America is the leader in nuclear energy holds particular value for Idaho, which is home to one of the nation’s leading nuclear laboratories. Under his leadership at DOE, our nation will prioritize affordable, reliable, and secure energy sources that support American innovation and growth and improve the lives of Americans.”  – U.S. Senator Mike Crapo (R-Idaho)  

    “Time to unleash American energy! I look forward to working with Secretary of Energy Chris Wright to carry out President Trump’s agenda to support domestic energy production and jobs. Let’s get to work!” – U.S. Senator Steve Daines (R-Mont.)

    “Chris Wright is a scientist who has dedicated his life to the study and use of energy. He believes in science and supports the research that will deliver the affordable, reliable, and clean energy that will not only lower costs but make our country more secure. While we don’t always agree, we will work together because none of us have four years to wait to act.” – U.S. Senator John Hickenlooper (D-Colo.)

    “Chris Wright is another great addition to the Trump administration, bringing a wealth of knowledge and real-world experience to the job of Energy Secretary. He knows what it takes to develop new technologies and make them commercially viable. In North Dakota, we’ve seen firsthand his success in the private sector with the growth in the Bakken. We look forward to working with him in his new role to build upon that record of innovation and unleash America’s energy potential, including through North Dakota’s leadership in CCUS technologies.” – U.S. Senator John Hoeven (R-N.D.) 

    “Maintaining affordable and reliable energy will be key to both our economic success and national security in the years ahead. Secretary Wright understands the importance of utilizing our domestic energy resources to secure the grid, lower prices, and create family-sustaining jobs. I congratulate Secretary Wright on his confirmation and look forward to working with him to restore American energy dominance.” – U.S. Representative Brett Guthrie (R-Ky.), Chairman, House Committee on Energy and Commerce  

    “President Donald Trump made an excellent decision to nominate Chris Wright to be our next Secretary of Energy–I am confident that Secretary Wright will be a close ally and partner with me as Chairman of Energy and Water Appropriations to expand civil nuclear energy, modernize our nuclear deterrent, revitalize America’s defense industrial base, bring back critical mineral supply chains, and unleash all forms of American-made energy to get our economy back on track, lower costs for workers and families, and make the United States the number one energy producer and exporter in the world.”  – U.S. Representative Chuck Fleischmann (R-Tenn.), Chairman, House Appropriations Subcommittee on Energy and Water Development

    “Southeast Texas, the energy capital of the world, welcomes Secretary Chris Wright as our new leader of the Department of Energy. With his expertise and leadership, I am confident we will reverse the damage done to our energy industry, unleash American energy, and restore the United States as the dominant force on the world stage.” – U.S. Representative Randy Weber (R-Texas), Vice Chairman, Energy and Commerce Subcommittee on Energy   

    “I am greatly looking forward to working with Chris Wright in his new role as Secretary of Energy. Secretary Wright deeply understands the undeniable link between energy security and national security, the importance of reliable energy infrastructure, and how overregulation has killed innovation. I am eager to work alongside him to unleash domestic energy production, advance critical technologies, and restore American dominance on the global stage.”  – U.S. Representative August Pfluger (R-Texas), Chairman, Republican Study Committee 

    “I’m glad to see the Senate confirm Secretary Chris Wright. Under the Trump administration, reliable and proven energy sources such as liquefied natural gas and nuclear will thrive, and costs will decline. The Congressional Western Caucus is committed to supporting Secretary Wright’s efforts to ensure a golden age for American energy.” – U.S. Representative Doug LaMalfa (R-Calif.), Chairman, Congressional Western Caucus  

    “Congratulations, Chris Wright! You understand the importance of affordable, reliable, AND sustainable energy. I’m excited for your forward-thinking leadership at the Department of Energy, which will help secure our grid, lower costs, reduce emissions, and help our allies around the world.” – U.S. Representative Julie Fedorchak (R-N.D.)

    “Congratulations to Chris Wright on his confirmation as President Trump’s Secretary of Energy! Under the Trump administration, we will unleash American energy—including biofuels—to lower prices at the pump and end our reliance on foreign countries for our energy needs.” – U.S. Representative Randy Feenstra (R-Iowa)

    “Chris Wright’s strengths as an innovator and strategic thinker will be invaluable in bringing new ideas to the National Energy Council.”  – Gale Norton, former U.S. Secretary of the Interior 

    “Congrats to our next Secretary of Energy, Chris Wright. With his background in engineering and developing the Bakken, Chris understands how innovation drives production—making America safer with abundant, affordable, and reliable energy. Good for our state, good for the nation.” – Governor Kelly Armstrong (R-N.D.)

    “Secretary Chris Wright’s experience in the American energy sector gives him an important perspective that will inform his leadership of the Department of Energy. We look forward to working with him to bolster American geopolitical strength by swiftly approving new LNG export permits and ensuring the open access of American energy for our allies around the world.” – Mike Sommers, President and CEO, American Petroleum Institute   

    “Throughout their confirmation hearings, Governor Burgum, Congressman Zeldin, and Chris Wright have each proven their expertise and made clear they intend to advance an America-first, all-of-the-above energy strategy. With their leadership, I am confident we can collaborate on pragmatic, conservative policies to lower energy costs for American families and businesses and create good-paying jobs across the country—all while ensuring a cleaner future for generations to come.” – Heather Reams, President, Citizens for Responsible Energy Solutions 

    “We look forward to working with Mr. Wright to prioritize programs that help keep the lights on for families and businesses across America. We also look forward to working with Mr. Wright and DOE to make effective and efficient use of the remaining infrastructure funding appropriated by Congress that supports investments in electric infrastructure and helps co-ops harden their systems.” – James Matheson, CEO, National Rural Electric Cooperative Association

    “We applaud the Senate’s confirmation of Chris Wright as Secretary of Energy. In this new role, Secretary Wright will play a pivotal role in furthering our nation’s energy and national security goals through prioritizing reliable, 24/7/365 energy generation, like clean nuclear energy. We look forward to working with Secretary Wright to continue our progress toward building the resilient, reliable, and affordable energy grid of the future.” – Maria Korsnick, President and CEO, Nuclear Energy Institute

    “On behalf of the American Society of Mechanical Engineers (ASME) community, I’m pleased to congratulate Chris Wright on his confirmation as the U.S. Secretary of Energy. ASME continues to have strong alignment with the Department of Energy’s mission to advance our national energy goals, and we look forward to working with Secretary Wright to advance technology development, strengthen our energy workforce, and promote affordable, reliable, and sustainable energy.” – Thomas Costabile, Executive Director and CEO, American Society of Mechanical Engineers

    “With the Senate’s confirmation of Chris Wright, Doug Burgum, and Lee Zeldin, the United States is poised for a new era of energy leadership. These individuals are proven champions of energy development, job creation, and technological innovation. Under their leadership, we are confident that the United States will lead in energy and technology advancement, which will continue to become more hand in glove over time. The Digital Energy Council looks forward to working alongside the administration to ensure continued progress in the digital energy sector.” – Thomas Mapes, President, Digital Energy Council

    “PLASTICS extends our sincere congratulations to Chris Wright on his confirmation to serve as Secretary of the U.S. Department of Energy. Mr. Wright’s leadership in the energy sector, combined with his unwavering commitment to economic growth and job creation, aligns closely with the priorities of the plastics industry. We look forward to collaborating with Mr. Wright to implement practical, forward-thinking policies that will not only enhance the plastics industry but also promote sustainability, circularity, and responsible growth throughout the supply chain.” – Matt Seaholm, President and CEO, Plastics Industry Association 

    “Congratulations to Chris Wright on his confirmation as U.S. Secretary of Energy! With his expertise across nuclear, oil & gas, and renewables, America’s energy future is in strong hands.” – America First Policy Institute

    “Congratulations to Chris Wright on his confirmation as U.S. Secretary of Energy! With his deep expertise in energy innovation and commitment to affordability and reliability, we look forward to his leadership in shaping America’s energy future.” – The Colorado Business Roundtable

    “Chris is the right choice to reorient DOE toward a mission of bettering human lives—his passion has been evident for years.” – Western Energy Alliance

    “On behalf of EPSA and its members, I extend our congratulations to Secretary Chris Wright, Secretary Doug Burgum, and Administrator Lee Zeldin on their confirmations. We look forward to working with them to advance policies that enable infrastructure development and ensure Americans have access to reliable and cost-effective energy to meet the demands of a growing and evolving economy.” – Electric Power Supply Association 

    “Chris Wright as Secretary of Energy is a total game changer for American energy policy. We as a country are lucky that Chris’s vast energy knowledge, leadership abilities, and commitment to energy freedom will guide our energy policy.” – Alex Epstein, Author and Energy Advocate 
     

    MIL OSI USA News –

    February 14, 2025
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