Category: Commerce

  • MIL-OSI Canada: Manitoba Government and Business Partner to Create more Affordable Housing

    Source: Government of Canada regional news

    Manitoba Government and Business Partner to Create more Affordable Housing


    The Manitoba government is providing $10 million in grant funding to the Business Council of Manitoba to support a new investment trust that will increase the availability of affordable housing units in Manitoba, Premier Wab Kinew and Housing, Addictions, and Homelessness Minister Bernadette Smith announced today.

    “Today marks another significant step forward in our collective efforts to end chronic homelessness,” said Kinew. “This funding will work to create more affordable housing across Manitoba. We’re proud to partner with the big-hearted business community to put people on a path to home ownership.”

    Developed by the Business Council of Manitoba, the Collaborative Housing Alliance Real Estate Investment Trust aims to increase the availability of affordable housing in Manitoba by converting and renovating existing buildings and building new units that will offer below-market affordable housing options.

    Once launched, the trust would utilize resources from private, public and non-profit organizations to create a scalable and sustainable investment platform for non-market housing in Manitoba that is protected from market forces.

    “Addressing the housing crisis in Manitoba is a shared responsibility that requires close collaboration between the public, non-profit and private sectors,” said Smith. “Together, we can make a difference.”

    The one-time grant funding will cover the startup costs of the trust, allow the business council to solicit other investors and acquire or construct at least three new housing projects in the next year, the minister noted. The Manitoba government will closely monitor the outcomes of the trust over the next year.

    To learn more about the Manitoba government’s work related to housing and ending homelessness, visit http://www.gov.mb.ca/housing/index.html.

    – 30 –

    MIL OSI Canada News

  • MIL-OSI United Kingdom: Social Security Advisory Committee reappointments

    Source: United Kingdom – Executive Government & Departments

    The Social Security Advisory Committee have reappointed Carl Emmerson and Phil Jones.

    The Secretary of State for Work and Pensions has confirmed the reappointment of Carl Emmerson and Phil Jones as Members of the Social Security Advisory Committee (SSAC). The reappointments extend Carl and Phil’s membership to 31 July 2026.

    Appointments and reappointments to the Committee are made by the Secretary of State for Work and Pensions and are regulated by the Commissioner for Public Appointments. The reappointment has been made in line with the Governance Code on Public Appointments.

    Carl Emmerson

    Carl Emmerson is Deputy Director of the Institute for Fiscal Studies (IFS), a Fellow of the Academy of Social Sciences, an editor of the annual IFS Green Budget and a Director of the Pensions Review. His research includes issues around the UK’s public finances, and household retirement saving decisions. He is also a member of the advisory panel of the Office for Budget Responsibility, and the UK Statistics Authority’s Methodological Assurance Review Panel.

    Phil Jones

    Since October 2021 Phil Jones has been Chief Executive of the Welsh Social Enterprise, Business in Focus, which provides a suite of business support services across Wales, including the delivery of the Welsh Government’s flagship ‘Business Wales’ service.

    Phil was previously the Director of Prince’s Trust Cymru for 5 years and, before that, the Wales Area Manager for The Royal British Legion.  Phil also served in the Armed Forces for over 25 years as an officer in The Royal Welsh.
    About the Committee

    The Social Security Advisory Committee is an independent advisory body of the Department for Work and Pensions. Its statutory remit is to:

    • to provide advice and assistance to the Secretary of State, whether in response to a specific request or on its own initiative
    • to scrutinise secondary legislation relating to social security for the benefit of the Secretaries of State for Work and Pensions or the Department for Social Development in Northern Ireland, and Parliament

    The Committee Membership comprises:

    • Dr Stephen Brien (Chair)
    • Les Allamby
    • Bruce Calderwood
    • Rachel Chiu
    • Carl Emmerson
    • Daphne Hall
    • Professor Stephen Hardy
    • Jacob Meagher
    • Philip Jones
    • Dr Suzy Walton

    Contact SSAC

    Further enquiries should be directed to the Committee Secretary:

    Social Security Advisory Committee
    7th Floor Caxton House
    Tothill Street
    London
    SW1H 9NA

    Email: ssac@ssac.gov.uk

    Tel: 0300 046 0323

    Updates to this page

    Published 8 October 2024

    MIL OSI United Kingdom

  • MIL-OSI USA: Congresswoman Tenney Releases Statement on the Need to Preserve Trump Tax Cuts

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Oswego, New York – Congresswoman Claudia Tenney (NY-24) today released the following statement underscoring the importance of maintaining the tax cuts introduced under the Tax Cuts and Jobs Act (TCJA), commonly known as the Trump Tax Cuts. 

    In 2017, with Tenney’s strong support, Republicans enacted the TCJA which reduced taxes on middle-income families and small businesses and created nearly five million domestic jobs in just the two years after its passage. In 2022, Tenney supported the TCJA Permanency Act to make permanent the tax cuts for individuals and small businesses originally enacted as part of the Tax Cuts and Jobs Act (TCJA) of 2017. 

    However, these tax cuts are set to expire on December 31, 2025, which could mean significant tax increases for the 440,200 taxpayers in New York’s 24th District. The average taxpayer in NY-24 could face a 25% tax hike if the cuts are not extended. A family of four with a median income of $69,878 in NY-24 would experience a $1,373 tax increase, equivalent to about seven weeks’ worth of groceries for a typical family.

    Impact on NY-24 by the Numbers:

    • 78,990 families would see their Child Tax Credit cut in half.
    • 92% of taxpayers would see their Standard Deduction reduced by nearly 50%.
    • 40,720 small businesses would pay an effective 43.4% tax rate if the 199A Qualified Business Income Deduction expires.
    • 14,827 taxpayers would be affected by the return of the individual Alternative Minimum Tax.
    • The current death tax exemption will be cut in half, affecting 6,804 family-owned farms in NY-24.

    “Since its passage in 2017, the Tax Cuts and Jobs Act has delivered financially for families, small businesses, and hardworking Americans across the country,” said Congresswoman Tenney. “Millions of Americans have seen their tax burdens reduced, but if these cuts expire, hardworking families in our community could face a 25% tax hike. We must preserve the TCJA provisions that have provided much-needed relief to taxpayers in New York. As a strong advocate for pro-growth policies, I will continue working to ensure the benefits of the Trump Tax Cuts remain in place for future generations.”

    ###

    MIL OSI USA News

  • MIL-OSI Banking: Verizon anuncia nueva ronda de apoyos para pequeñas empresas

    Source: Verizon

    Headline: Verizon anuncia nueva ronda de apoyos para pequeñas empresas

    • A través de Verizon Small Business Digital Ready, las pequeñas empresas pueden acceder a cursos gratuitos en inglés y español, capacitación con expertos en pequeñas empresas y la oportunidad de solicitar un apoyo de $10,000.
    • La plataforma también se ha asociado con Next Street para compartir un “Mercado de financiación para pequeñas empresas”, donde los propietarios de empresas pueden buscar oportunidades de préstamos y subvenciones según sus necesidades comerciales.
    • El programa ha llegado a más de 350,000 empresas en todo el país, de las cuales el 51% son propiedad de mujeres y el 62% son propiedad de personas de color o hispanas.

    BASKING RIDGE, NJ – Como el acceso a capital es un desafío común para los emprendedores, Verizon anuncia nuevas oportunidades de financiamiento de subvenciones de $10,000 disponibles para pequeñas empresas a través de la plataforma Verizon Small Business Digital Ready. Los propietarios de pequeñas empresas que se registren en la plataforma pueden recibir acceso gratuito y personalizado a más de 50 cursos en línea en inglés y español, oportunidades de tutoría con expertos de la industria, entrenamiento de expertos personalizados y en grupo, eventos comunitarios virtuales y en persona y la oportunidad de postularse para obtener financiamiento mediante subvenciones.

    El programa es operado en asociación con Next Street y Local Initiatives Support Corporation (LISC). Hasta la fecha, Small Business Digital Ready ha apoyado a más de 350,000 pequeñas empresas en todo el país, de las cuales el 51% son propiedad de mujeres y el 62% son propiedad de personas de color o hispanas.

    Hasta el 13 de diciembre de 2024 a las 11:59 p.m. (hora del Pacífico), las pequeñas empresas pueden acceder a la solicitud para esta ronda de financiamiento de subvenciones registrándose primero en el portal Verizon Small Business Digital Ready y completando al menos dos cursos, capacitación o eventos comunitarios, en cualquier combinación entre 1 de julio de 2024 y 13 de diciembre de 2024 a las 11:59 p.m. PT. Las pequeñas empresas que completen la solicitud serán elegibles para recibir una subvención de $10,000.

    “Las pequeñas empresas son el pilar de las comunidades y tenemos la responsabilidad de ayudarles a prosperar”, dijo Donna Epps, Chief Responsible Business Officer de Verizon. “Verizon Small Business Digital Ready se creó para impulsar a los propietarios de pequeñas empresas a través de capacitación en habilidades digitales, y estamos orgullosos de ofrecer otra oportunidad de apoyo a esta comunidad diversa y en crecimiento de propietarios de pequeñas empresas en todo el país”.

    La plataforma también está lanzando el “Mercado de financiación para pequeñas empresas”, un repositorio de oportunidades de financiación y préstamos disponibles para pequeñas empresas, y ha lanzado “Learning Paths”. Rutas de aprendizaje como “Mejora tu acceso al capital” y “Construye tu marca única” invitan a los usuarios a completar una serie de recursos para ayudarlos a acercarse a lograr un objetivo comercial. 

    Verizon no es un prestamista ni un corredor. El mercado de financiación para pequeñas empresas es proporcionado por Next Street Financial LLC. No todas las solicitudes son aprobadas. Todas las decisiones de financiación las toman terceros proveedores de capital. Las calificaciones, los requisitos, la aprobación y los términos del préstamo varían según el tipo de préstamo, las calificaciones del solicitante y el estado.

    MIL OSI Global Banks

  • MIL-OSI: US Technology Leaders Tap NVIDIA AI Software to Transform World’s Industries

    Source: GlobeNewswire (MIL-OSI)

    • AT&T, Lowe’s, University of Florida Among First Organizations Using NVIDIA NeMo
    • Accenture, Deloitte, Quantiphi, SoftServe Tap NVIDIA NeMo, NIM Microservices and NIM Agent Blueprints to Create Custom Generative AI Agents for Clients
    • Cloudera, DataStax, Google Cloud, NetApp, SAP, ServiceNow, Teradata Advance Data and AI Platforms With NIM

    WASHINGTON, Oct. 08, 2024 (GLOBE NEWSWIRE) — NVIDIA AI Summit — NVIDIA today announced it is teaming with U.S. technology leaders to help organizations create custom AI applications and transform the world’s industries using the latest NVIDIA NIM™ Agent Blueprints and NVIDIA NeMo™ and NVIDIA NIM microservices.

    Across industries, organizations like AT&T, Lowe’s and the University of Florida are using the microservices to create their own data-driven AI flywheels to power custom generative AI applications.

    U.S. technology consulting leaders Accenture, Deloitte, Quantiphi and SoftServe are adopting NVIDIA NIM Agent Blueprints and NVIDIA NeMo and NIM microservices to help clients in healthcare, manufacturing, telecommunications, financial services and retail create custom generative AI agents and copilots.

    Data and AI platform leaders Cadence, Cloudera, DataStax, Google Cloud, NetApp, SAP, ServiceNow and Teradata are advancing their data and AI platforms with NVIDIA NIM.

    “AI is driving transformation and shaping the future of global industries,” said Jensen Huang, founder and CEO of NVIDIA. “In collaboration with U.S. companies, universities and government agencies, NVIDIA will help advance AI adoption to boost productivity and drive economic growth.”

    NVIDIA NeMo Microservices for Precision-Tailored Generative AI
    NVIDIA NeMo microservices support end-to-end model customization workflows and the development of AI agents to help enterprises bring custom generative AI applications to market faster, reducing development costs.

    New NeMo microservices — NeMo Customizer, NeMo Evaluator and NeMo Guardrails — can be paired with NIM microservices to help developers easily curate data at scale, customize and evaluate models, and manage responses to align with business objectives. Developers can then seamlessly deploy a custom NIM microservice across any GPU-accelerated cloud, data center or workstation.

    New NVIDIA NIM Agent Blueprint for Software Security Now Available
    To provide a jump-start for developers, NVIDIA offers NIM Agent Blueprints — reference workflows that provide a guide for developing applications built with NVIDIA NeMo and NIM microservices.

    NIM Agent Blueprints help accelerate AI deployments for key enterprise use cases, including drug discovery, customer service and data extraction. A new blueprint for software container security is available today.

    Developers can experiment with NeMo and NIM microservices, as well as NVIDIA NIM Agent Blueprints, at no charge. Enterprises can deploy applications in production with enterprise-grade security, support and stability through the NVIDIA AI Enterprise software platform.

    NVIDIA Microservices Build Custom AI Agents for Industries
    Leaders across industries are using NVIDIA AI to improve telecommunications, education and security.

    • AT&T is working with Quantiphi to build a conversational platform, using NVIDIA NIM, that can support employees with software development, network engineering and financial services tasks.
    • The University of Florida has adopted NVIDIA NIM and NeMo to advance its learning management system, based on retrieval-augmented generation, that helps teaching assistants improve student success and retention.
    • Lowe’s, a FORTUNE 50 home improvement company, is exploring the use of NVIDIA NIM and NeMo microservices to improve experiences for associates and customers and enhance productivity of their store associates. For example, the retailer is leveraging NVIDIA NeMo Guardrails to enhance the safety and security of its generative AI solution platform.

    Global Consulting Giants Accelerate AI Adoption With NeMo
    NVIDIA global service provider and service delivery partners are helping companies across industries use NVIDIA NeMo and NIM microservices and NIM Agent Blueprints to build custom AI applications that tap into business data.

    • Accenture is helping clients build domain-specific AI agents using NVIDIA NeMo and NIM microservices through its AI Refinery™ and the Accenture NVIDIA Business Group.
    • Deloitte is integrating the latest NVIDIA NIM Agent Blueprint into its cybersecurity solutions, which will help enterprises accelerate software vulnerability analysis and mitigation at scale.
    • SoftServe’s generative AI Industrial Assistant, which uses NeMo and NIM microservices, improves safety and efficiency in industrial manufacturing by making equipment manuals more accessible and providing factory workers real-time guidance on troubleshooting and maintenance.

    Data and AI Platforms Advance Insight With NeMo and NIM Microservices
    NVIDIA AI ecosystem partners Cadence, Cloudera, DataStax, Google Cloud, NetApp, SAP, ServiceNow and Teradata are using NeMo and NIM microservices to build customized generative AI applications with optimized inference.

    • Cloudera today unveiled an AI Inference Service with embedded NIM that will allow developers to build, customize and deploy enterprise-grade large language models with up to 36x faster inference performance.
    • Google Cloud is integrating NIM into Google Kubernetes Engine to provide enterprise customers with a simplified path for deploying optimized models directly from the Google Cloud Marketplace.
    • SAP will use NIM microservices to deploy custom generative AI applications for its clients.
    • ServiceNow is one of the first to adopt NeMo and NIM microservices, and recently announced its plans to also adopt NVIDIA NIM Agent Blueprints to power generative AI use cases for several U.S. government agencies. ServiceNow’s technology also enables organizations to create custom generative AI agents that can reinvent work across the entire enterprise.
    • Teradata is integrating NVIDIA AI Enterprise into its Vantage platform to enable more efficient development and deployment of trusted generative AI applications.

    Availability
    Developers can access NVIDIA AI software, including NIM microservices, through the NVIDIA API catalog, as well as experiment with the microservices for free using an NVIDIA Developer license.

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:
    Anna Kiachian
    NVIDIA Corporation
    +1-650-224-9820
    akiachian@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, performance, features, and availability of NVIDIA’s products and technologies, including NVIDIA NeMo and NIM microservices, NeMo Customizer, NeMo Evaluator, NeMo Guardrails, NIM Agent Blueprints, and NVIDIA AI Enterprise software platform; third parties using or adopting NVIDIA products, technologies and platforms, and the benefits and impacts thereof; our collaboration with third parties and the benefits and impacts thereof; NVIDIA global service provider and service delivery partners helping companies across industries use NVIDIA NeMo and NIM microservices and NIM Agent Blueprints to build custom AI applications that tap into business data; artificial intelligence driving transformations and shaping the future of industries; and working with our U.S. technology partners, NVIDIA helping the world build custom AI applications that serve unique industry needs and reflect local languages and cultures, as well as our core values of ethics and innovation that preserve American leadership in AI are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    © 2024 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, NVIDIA NeMo and NVIDIA NIM are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce44ce3e-d1a7-4109-a54e-6b7f66a31267

    The MIL Network

  • MIL-OSI United Kingdom: Oxford’s communities bring bright ideas to Christmas Light Festival

    Source: City of Oxford

    Published: Tuesday, 8 October 2024

    Oxford’s Christmas Light Festival 2024 is taking place from 15th to 17th November with a multitude of events, installations, interactive sessions and entertainment for the whole family.

    Themes for the programme have been inspired by Oxford’s communities and feature a broad range of ideas and creativity that spark the imagination and delight the eye.  

    Highlights include:

    • an interactive projection in the city centre from the Cultural Programme at University of Oxford, ‘Sagacity, Periodic Table of Emotions’ by Aidan Moesby, where people can log how they’re feeling, and reveal the emotional wellbeing of the city.
    • Chandeliers created with a ceramic artist, Wendy Wilbraham, installed in Blackbird Leys, in Blackwell Hall at the Bodleian Libraries and in the new Store hotel, are influenced by the iconic lamppost from the classic tales of Narnia by C.S. Lewis.
    • The Museum of Oxford’s free Museum Late event, ‘Park Life’, celebrates Oxford’s green spaces and waterways.
    • Pegasus theatre hosts a day of free activities, including a walking tour with intrepid explorers from Whatnot Theatre, shadow puppetry workshops with Wild Boor Ideas, the ‘Glow Gallery’ with IF-Oxford Festival of Science and Ideas, open-mic night ‘Queer Voices’ with T(ART), and an exhibition of art and poetry.
    • At Barton, Dancin’ Oxford Dancer in Residence Jane Castree, leads ‘Creation Avatar’ where young people explore movement, costume, art, lights and sound to create their own avatar, plus interactive sound performances with OCM musicians.
    • Our youngest residents will need to be up early on Saturday to be sure to catch Santa who is paying a special visit to the historic Covered Market.

    Light parades are always a key feature of the festival and a point of congregation and celebration for communities. The West Oxford Light Festival (WOLF) will feature lanterns of creatures that move slowly, as well as illuminated trees and fire juggling plus a specially composed song ‘Sweet Botley Road’. The OVADA gallery combines the Christmas Lights with Diwali for ‘Diwali Glow’ using diya lights in a parade as well as decoration and ceremony at the gallery. At Rose Hill, Film Oxford, with the Rose Hill Junior Youth Club and Low Carbon Oxford, are going big with elephant lanterns and a parade that is forest themed plus fun workshops including green-screen filming of riding the elephants. 

    “Oxford’s Christmas Light Festival is a brilliant reflection of what makes our city so special—creativity, community, and collaboration. From the large-scale art installations to a child’s hand-made lantern, everything adds to create a spirit of being together and sharing special moments. There’s so much to try out, to see and to explore. Well done to everyone involved and I encourage everyone to join in the festivities and celebrate with us.” 

     Councillor Alex Hollingsworth, Oxford City Council Cabinet Member for Business, Culture and Inclusive Economy

    In the weeks before the festival opens there are opportunities to get involved through workshops in lantern and light display making. Starting from 9th October, Film Oxford are hosting lantern making sessions in Rose Hill and IF Oxford Festival of Science and Ideas present their online Glow Your Own LED display coding sessions. 

    There’s still time to be part of the festival programme – if your group wish to offer activities over the festival weekend, please register your interest via the ‘contact us’ link on the festival website by 28 October 2024.  

    In fact, anyone can be part of the festival. Decorate your home with lights or window displays, get together with neighbours and be part of a local light trail. You can register your street on the festival website to appear on the map of events and trails taking place over the weekend.  

    Events, workshops, trails and activities are being added to the programme during the next few weeks.  

    MIL OSI United Kingdom

  • MIL-OSI USA: Upcoming and Recent Presentations

    Source: US Congressional Budget Office

    During October, I am speaking to several audiences about the nation’s fiscal outlook. Today, I will speak to a delegation from the Nordea bank at the National Press Club. Later in the month, I will be speaking at the Institute of International Finance’s annual membership meeting as well as at J.P. Morgan’s fall 2024 investor seminar. Finally, at the end of the month, I will be addressing fiscal policy and other public policy issues for classes at Wofford College and the University of South Carolina’s Darla Moore School of Business.

    In late September, I participated in two events to discuss fiscal policy. I spoke at a dinner hosted by Georgetown University’s McCourt School of Public Policy and served on a panel at a fall symposium hosted by the Griswold Center for Economic Policy Studies at Princeton University.

    Phillip L. Swagel is CBO’s Director.

    MIL OSI USA News

  • MIL-OSI Canada: Consumer Alert: Regal Property Developments Ltd., Regal Properties De Mexico S. de RL De CV Also Known As Caban Condos Are Not Registered To Trade In Real Estate In Saskatchewan

    Source: Government of Canada regional news

    Released on October 8, 2024

    The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns consumers about the companies, Regal Property Developments Ltd., Regal Properties De Mexico S. de RL de CV, and Caban Condos (the group of companies are collectively referred to herein as “Caban Condos”). 

    Michael (Mike) Delaire, on behalf of Caban Condos, claims to be constructing condominium units located in Mexico and offering them for sale to Saskatchewan residents. 

    Neither Mike Delaire nor the Caban Condos companies are registered in Saskatchewan to trade in real estate.  

    If you have any relevant information about the activities of Caban Condos or its representative, Mike Delaire, or if you have signed a contract and/or paid a deposit with Caban Condos, please contact the FCAA Insurance and Real Estate Division at 306-787-6700 as your information may assist with our investigation.

    Tips to protect yourself when considering purchasing real estate located outside Saskatchewan:

    • Verify that the person or business is registered in Saskatchewan to trade in real estate. To check registration, visit the SREC website at https://srec.ca/. 
    • Check the Better Business Bureau website for reviews and ratings at https://www.bbb.org/.
    • Carefully read the contract and ask questions if you do not understand the terms and conditions.
    • Obtain independent legal advice to conduct due diligence and minimize your risks. 
    • To reduce the risk of loss, keep your deposit to a minimum.
    • If possible, make a site visit to monitor construction progress.

    For more information about trading in real estate in Saskatchewan, visit: 

    https://fcaa.gov.sk.ca/consumers-investors-pension-plan-members/consumers/hiring-real-estate-agents-and-property-managers. 

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI USA: ***MEDIA ADVISORY*** Cassidy Releases Agenda for Upcoming Energy Security Summit in Baton Rouge

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    Louisiana Energy Security Summit: Unleashing American Abundance in a Changing Global Landscape

    9:00 AM – 9:10 AM
    Opening Remarks   Welcome by Sen. Bill Cassidy, setting the stage for the day’s discussions on leveraging our state’s energy and other resources to enhance U.S. economic security. 
    Sen. Bill Cassidy, M.D. (R-LA)

    9:10 AM – 9:30 AM 
    Fireside Chat: Louisiana’s Role in Strengthening America’s National Interests in a Changing Global Landscape   A conversation between Sen. Bill Cassidy and Hon. Mark W. Menezes on the indispensable role Louisiana plays in promoting U.S. economic security.
    Sen. CassidyHon. Mark W. Menezes, Former Deputy Secretary, U.S. Department of Energy

    9:30 AM – 10:00 AM
    Protecting U.S. Interests Against Unfair Trade Practices   This panel exposes how overseas adversaries exploit weak environmental and labor standards to create a competitive advantage in trade and suggests potential solutions to hold foreign polluters accountable. 
    Maureen Hinman, Co-Founder and Chairman, Silverado Policy AcceleratorCatrina Rorke, Senior Vice President, Policy and Research, Climate Leadership Council Hon. James Connaughton, Former Chairman of the White House Council on Environmental Quality and Director of the White House Office of Environmental PolicyModerated by: George David Banks, Former Special Assistant for International Energy and Environment at the National Economic and National Security Councils, the White House

    10:00 AM – 10:45 AM 
    Executive Insights: Overcoming Competitive Challenges in Global Markets   CEOs discuss Louisiana’s potential in advancing American interests, highlighting key investments and policy solutions needed to level the playing field against unfair global competition.
    Massimo Toso, President and CEO, Buzzi UnicemUSADavid Hardy, President of North America, Orsted Caroline Reily, Co-Founder & CEO, Aluminum TechnologiesDrew Marsh, Chairman of the board and CEO, EntergyMark Widmar, CEO, First Solar Moderated by: Sen. Cassidy

    10:45 AM – 11:30 AM
    Trade, Energy & Manufacturing: Implications for U.S. Industries and Competitiveness    Further explores the challenges posed by unfair competition and what can be done to level the playing field for Louisiana’s industry at home and abroad. 
    Kevin Gundersen, Vice President of Global Corporate Communications and Government Affairs, Huntsman CorporationCalvin Hart, Vice President and General Manager, Nucor Steel LouisianaJerae Carlson, Sr. Vice President, CemexScott Nielson, Vice President of Environmental, Sustainability & Innovation, Ash Grove Cement CompanyLinda Dempsey, Vice President, Public Affairs, CF IndustriesModerated by: Sarah Stewart, CEO and Executive Director, Silverado Policy Accelerator

    11:30 AM – 12:00 PM
    Louisiana Spotlight:  State-Level Solutions   Industry leaders discuss the key role of Louisiana’s oil, gas, and chemical industries in fostering a secure energy future. This panel will also highlight opportunities for innovation and job creation in Louisiana’s key manufacturing sectors.
    Tommy Faucheux, President, Louisiana Mid-Continent Oil and Gas Association (LMOGA)Greg Bowser, President and CEO, Louisiana Chemical Association (LCA)Will Green, CEO, Louisiana Association of Business and Industry (LABI)Mike Moncla, President, Louisiana Oil and Gas Association (LOGA)Moderated by: Desiree Lemoine, Director of Governmental Affairs, TJC group 

    12:00 PM – 1:00 PM
    Load Growth and Energy Demand: Higher future demand for energy will bring a host of opportunities, risks and challenges
    Nate Hill, Head of Energy Policy, Amazon Tom Neyhart, founder and executive chairman, PosigenBenjamin T. Reinke, Ph.D., Vice President of Global Business Development, X EnergyAndrey Shuvalov, Vice President U.S. Energy Transition, ShellModerated by: Tom Hassenboehler, Co-Founder and Managing Partner, CO2EFFICIENT

    Carbon Capture: Cutting-edge technologies for reducing carbon footprints
    Vikrum Aiyer, Global Head of Public Policy, HeirloomDouglas Chan, Chief Operating Officer, ClimeworksMichael Manteris, Co-President, Blue Sky InfrastructurePatrice Lahlum, Vice President of Carbon Management, Great Plains InstituteBradley Ives, Executive Director, Institute for Energy Innovation, Louisiana State UniversityColleen Moss, Managing Director, ClearPathModerated by: Lynn Abramson, President, Clean Energy Business Network 

    Critical Minerals, Mining, and Processing: Regional to global policies
    Hon. Aurelia S. Giacometto, Secretary, Louisiana Department of Environmental Quality (LDEQ) Marcio Paes Barreto, Frontiers Initiative & EverCore EnergyJohn Flake, PhD., Louisiana State UniversityChris Young, Chief Strategy Officer, ElementUSAModerated by: Philip Reichert, Southern Regional Director, American Conservation Coalition

    1:00 PM – 1:45 PM
    Louisiana’s Competitive Advantage: Leading the Globe in Low-Emissions Manufacturing   Louisiana’s energy sector boasts a rich history and a bright future. Industry experts discuss how Louisiana is transforming its manufacturing sector to lead in low-emissions production, creating jobs, and driving economic growth.
    Christen Campbell, North America Energy & Sustainable Technologies and Site Development Director, BASFAndrew Connolly, vice president and general manager, Low-Carbon Hydrogen Large Projects, Hydrogen Large Projects, Air ProductsGreg Upton, PhD, Executive Director & Associate Professor-Research, Center for Energy Studies Louisiana State UniversityVanessa Martin, Driftwood LNG Project Director, WoodsideFrank J. Macchiarola, Chief Policy Officer, American Clean PowerModerated by: Xan Fishman, Senior Director, Energy Program, Bipartisan Policy Center

    1:45 PM – 2:30 PM
    The Bayou and Beyond: Enhancing U.S. Competitiveness through Exports   Louisiana industries can advance U.S. leadership in the global marketplace through exports.
    Dr. Paul Schubert, CEO, Strategic Biofuels LLCDr. Robert R. Twilley, Vice President, Office of Research & Economic Development,  Louisiana State University Will Latta, Vice President, Babcock & WilcoxMatt Barr, Vice President of State Government & Community Affairs, Cheniere EnergyHon. Kimberly A. Reed, Former Chairman, U.S. Export Import Bank, 2019-2021 Moderated by:Anna Johnson, Executive Director, West Baton Rouge Chamber of Commerce

    2:30 PM – 3:15 PM
    Louisiana’s Liquid Gold: Strengthening U.S. Geopolitical Influence through Energy Leadership   This panel explores the critical role of Louisiana’s natural gas industry in strengthening U.S. geopolitical influence and securing a prosperous energy future. Experts will cover how increased domestic natural gas production can foster stability amid geopolitical uncertainties and drive economic growth. 
    Bob Pender, Executive Co-chairman and Founder, Venture Global LNGT. Lane Wilson, Senior Vice President and General Counsel, WilliamsHon. Mark W. Menezes, Former Deputy Secretary, U.S. Department of Energy, 2018-2021Hon. Neil Chatterjee, Former Chairman, US. Federal Energy Regulatory CommissionModerated by: Bob Stout, Senior Fellow, Duke Nicholas Institute for Energy, Environment & Sustainability

    3:15 PM – 3:25 PM 
    Closing Remarks
    Sen. Cassidy

    MIL OSI USA News

  • MIL-OSI: Ageas and BNP Paribas: Transparency notification

    Source: GlobeNewswire (MIL-OSI)

    Ageas and BNP Paribas: Transparency notification

    In accordance with the rules on financial transparency*, BNP Paribas has notified Ageas on 3 October 2024 that, on 3 October 2024, its interest has exceeded the legal threshold of 10% of the shares issued by Ageas. BNP Paribas’ current shareholding stands at 10,91%.

    Reason for the notification
    Acquisition or disposal of voting securities or voting rights

    Notification by
    A parent undertaking or a controlling person

    Persons subject to the notification requirement
    See annex 1a

    Date on which the threshold is crossed
    3 October 2024

    Threshold that is crossed (in %)
    10%

    Denominator
    187,971,187

    Notified details
    See annex 1 b

    Chain of controlled undertakings through which the holding is effectively held, if applicable
    The full chain of command can be found on https://www.ageas.com/investors/shareholders

    Additional information
    This transparency notification is intended to declare that BNP Paribas S.A. has crossed, on a consolidated basis, the 10% threshold upwards. This transparency notification is made in connection with the transaction announced by BNP Paribas S.A. and Fosun Group on April 14, 2024. The 3,473,271 shares (1.85%) in the capital of Ageas held by BNP Paribas Fortis SA/NV are pledged to the benefit of holders of the “CASHES” (bonds exchangeable for Ageas shares) as security for BNP Paribas Fortis SA/NV’s obligation to deliver such shares to holders of CASHES upon the exercise of their right of exchange against Ageas shares pursuant to the terms and conditions of such instruments. The voting rights associated with these Ageas shares are suspended. In accordance with Article 10, §4 of the Law of May 2, 2007 on the disclosure of major shareholdings in issuers whose shares are admitted to trading on a regulated market, voting rights held in trading books are not taken into account in this transparency notification.

    This press release and the notifications received by Ageas are available on the website.

    * article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions.

    Ageas is a listed international insurance Group with a heritage spanning 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 17.1 billion in 2023.

     Annexes can be found in pdf version.

    Attachment

    The MIL Network

  • MIL-OSI USA: Improving Access to Small Business Funding: OEDIT Announces Partner Outreach Program

    Source: US State of Colorado

    DENVER – Today, Governor Polis and the Business Support division of the Colorado Office of Economic Development and International Trade (OEDIT) announced the Partner Outreach Program (POP) to connect Colorado entrepreneurs and small business owners to OEDIT programs. A network of partners with expertise in serving rural, minority-owned, and immigrant-owned businesses has been established to work with businesses across the state to access loans and funding that can help them take steps to grow their businesses.

    “Helping small businesses across the state with access to funding and technical assistance will help small businesses thrive and strengthen Colorado’s economy. Small businesses drive our economy and with access to these experienced partners and their resources, Colorado will continue to be the best place in the country for anyone to start and grow a business,” said Governor Polis.

    Several OEDIT programs specialize in serving businesses that have had trouble securing a loan, need a smaller-than-average loan to get up and running, or have not borrowed money before.

    “Small businesses make up 99.5% of Colorado’s economy. When small businesses have access to financing that meets their needs, they can take important steps to grow their revenues and create new jobs. The Partner Outreach Program is an innovative program that responds to community needs and will expand our outreach efforts across the vast majority of the state. That means new opportunities for Colorado’s small businesses, including those that have historically encountered barriers to funding and support,” said Eve Lieberman, OEDIT Executive Director.

    To establish the POP network, six partners have been selected for their ability to serve diverse Colorado businesses, with a special emphasis on serving business owners who have historically encountered barriers to business capital and loans. All partners have a demonstrated history as a trusted community organization committed to community outreach, community development, and/or experience with supporting small businesses to access capital.

    Collectively, these partners offer support for a wide range of demographic groups and reach at least 90% of the state, from the Western Slope to the rural Eastern Plains and southern Colorado.

    • Black Business Initiative – Specializes in serving indigenous and Black communities in the Denver Metro area and San Luis Valley.
    • Community Enterprise Development Services – Serves business owners in the Denver Metro, Fort Collins, Weld County and Morgan County. Experienced working with Ethiopian, Islamic, Korean, Somali and underserved communities with an additional focus on communities speaking a language other than English.
    • Overwrite – Specializes in serving immigrant, migrant, Hispanic, Asian and Southeast Asian, African and Black communities in the Denver Metro area and Colorado Springs.
    • Prairie Rose – Has a demonstrated history of serving Spanish speaking communities in the Western Slope, Eastern Plains, and Durango communities.
    • Startup Colorado – Serves the Eastern Plains and the San Luis Valley, with experience serving business owners in all rural communities.
    • Wezesha Dada Center – Active in the Denver, Pueblo, Eastern Plains, Aurora, and Colorado Springs, with experience serving immigrant, migrant, diaspora, refugee and Black communities.

    About Colorado Office of Economic Development and International Trade

    The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Cannabis Business Office; Colorado Office of Film, TV & Media; the Minority Business Office; Employee Ownership Office; and Rural Opportunity Office. Learn more at oedit.colorado.gov

    ###
     

    MIL OSI USA News

  • MIL-OSI: Nokia and Centranet trial brings 50G PON speeds to tribal nation in rural Oklahoma

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and Centranet trial brings 50G PON speeds to tribal nation in rural Oklahoma

    • Demonstration of Nokia 50G PON solution enables Centranet to become the first company to connect a pilot subscriber in a tribal nation to a 50Gbps fiber connection.
    • Live commercial trial of Nokia Lightspan MF platform provides Centranet with the foundation needed to provide equitable, high-speed internet access to all.
    • Nokia is the only vendor supporting all next-generation PON technology options, allowing operators to choose the right strategy for their needs and business cases.

    8 October 2024
    Stillwater, Oklahoma – Nokia today announced that Centranet, a leading electrical cooperative, has become the first company to demonstrate a 50Gbps fiber internet connection for a tribal nation in Oklahoma. The live commercial trial, using Nokia’s Lightspan fiber solution, allowed Centranet to connect a pilot member of the Sac and Fox nation to one of the fastest residential internet speeds available globally. This marks a significant milestone for the company and its ability to close the digital divide for rural and Indigenous communities.

    The groundbreaking connection was unveiled at the Future of Rural Broadband Showcase, underscoring the company’s commitment to delivering world-class broadband technology to historically underserved regions. This is the first live commercial trial of 50G PON technology in a tribal nation, demonstrating how Nokia’s fiber access platform can be used to provide future-proof broadband access to communities of all sizes and densities.

    Using Nokia’s Lightspan MF fiber solution, Centranet can provide current subscribers with multi-gigabit speeds today, along with future 50G PON services needed for online education, telehealth, and digital services essential in the modern era. The trial with Nokia demonstrates Centranet’s commitment to ensuring equitable access to reliable, high-speed internet for all.

    Mark Klimek, Vice President, North American Business Center at Nokia said: “Our fiber platform supports a full range of PON technologies, allowing them to be mixed and matched on the same platform to deliver ultra-fast, reliable internet services over a single fiber. This is critical for those who want to future-proof their fiber network and gain the flexibility to address evolving network demands. By partnering with Centranet, we are ensuring that every community, especially those who have been underserved for far too long, can access the opportunities that cutting-edge technology provides, now and for generations to come.”

    Randle Carter, Principal Chief, Sac and Fox Nation, said: “We pursued this grant to enhance the availability and the viability for our tribal members to access fiber optic opportunities, not just now, but in the future.”

    Mark Prather, President of Fiber and Technology, said: “”At Centranet, we are deeply committed to investing in the future the communities we serve. Centranet has deployed 3,300 miles of fiber in north-central Oklahoma in the past three years. Bringing high-speed broadband to the Sac and Fox Nation, as well as other tribes and underserved areas has been a priority for us. This project is about more than just technology—it’s about ensuring that everyone in our community has the tools and opportunities they need to thrive in today’s digital world.”

    Resources and additional information
    Webpage: Nokia Lightspan MF
    Webpage: Nokia Altiplano Access Controller
    Webpage: Accelerating to gigabit with fiber
    Webpage: Fiber for Everything

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About Centranet
    Established in 2020, Centranet provides fiber to the home internet access to more than 10,000 rural households in north central Oklahoma. A subsidiary of Central Rural Electric Cooperative, Centranet is dedicated to connecting rural Oklahomans with the speed of light.

    For more information, visit centranetfiber.com.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network

  • MIL-OSI: RegEd to Showcase Next-Generation Producer Management Technology at the 2024 InsureTech Connect Conference

    Source: GlobeNewswire (MIL-OSI)

    Raleigh, NC, Oct. 08, 2024 (GLOBE NEWSWIRE) — RegEd, the leading provider of compliance technology solutions to the insurance and financial services industry, is proud to be a Silver Sponsor of the 2024 InsureTech Connect (ITC) Conference, held from Oct. 15-17, in Las Vegas, NV.

    During the conference, RegEd will showcase its Xchange Producer Management solution, which has been developed in partnership with the nation’s largest insurance companies. Jacob Spitzley, RegEd Director of Product Management, will present “Xchange iX: Transforming the Producer Lifecycle to Achieve Real-Time, Compliant Business Placement” on Wed., Oct. 16th at 10:10 AM. The presentation will detail how Xchange automates and streamlines producer management and compliance processes, from onboarding and initial licensing to license renewals and terminations. Additionally, attendees will learn how IT can empower business operations through advanced automation and integration to the insurance tech ecosystem.

    ITC Vegas, the premier global event for the insuretech sector, hosts the largest gathering of technology innovators, investors, and insurance leaders from around the world. Over three days, the event will bring together the industry’s top minds to unveil cutting-edge solutions, explore strategies for driving efficiency and cost savings, and foster valuable networking opportunities. Attendees will represent key sectors such as Property & Casualty, Life, Health, Small Business, and Specialty Insurance, making it a must-attend for industry professionals.

    End-to-End Producer Lifecycle Automation and Management By Exception

    Proven through over more than 200 successful implementations, Xchange Producer Management delivers the most advanced automation in the industry, minimizing human intervention, reducing NIGOs, and speeding time to market. It is the only end-to-end solution that automates and streamlines producer management and compliance processes, from onboarding and initial licensing to license renewals and terminations.

    Key capabilities include:

    • Comprehensive tools to seamlessly integrate contracting, licensing, appointments, registrations, CE/training, and ongoing credential maintenance.
    • Straight-through processing and just-in-time appointments, enabling efficiency across all operational processes.
    • Unique capabilities like Smart Appointments and Alerts 2.0 for producer data reconciliation streamline workflows and enhance productivity.
    • A seamless user experience with self-service capabilities ensures the highest level of satisfaction for producers and adjusters.
    • Real-time credentials validation ensures immediate “clear to sell” status, maintaining compliance.

    To learn more about how Xchange drives efficiency in producer management, visit RegEd at booth #1949 the 2024 ITC Conference or schedule a consultation.

    The MIL Network

  • MIL-OSI: LECTRA: Monthly declaration of the total number of shares and voting rights composing the company’s capital (at September 30th, 2024)

    Source: GlobeNewswire (MIL-OSI)

    Monthly declaration of the total number of shares and voting rights composing the company’s capital (at September 30th, 2024)

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

    Date:

    September 30th, 2024

    Total number of shares composing the capital:

    37,954,585

    Total number of voting rights, gross (1):

    38,146,735

    Total number of voting rights, net (2):

    38,113,978

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

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

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

    Attachment

    The MIL Network

  • MIL-OSI USA: FEMA is Still Here for Hurricane Francine Survivors

    Source: US Federal Emergency Management Agency

    Headline: FEMA is Still Here for Hurricane Francine Survivors

    FEMA is Still Here for Hurricane Francine Survivors

    BATON ROUGE, La. – FEMA remains in Louisiana to assist survivors recovering from Hurricane Francine. 

    As of Oct. 7, more than 17,000 residents in Ascension, Assumption, Lafourche, Jefferson, St. Charles, St. James, St. John the Baptist, St. Mary and Terrebonne parishes have received more than $46 million in assistance since Hurricane Francine made landfall on Sept. 11, 2024. 

    This includes: 

    • More than $12.6 million for Serious Needs Assistance, a one-time payment of $750 per household. This payment would be in addition to any other assistance from FEMA. The money can be used for emergency supplies like water, food, first aid, breastfeeding supplies, infant formula, diapers, personal hygiene items, or fuel for transportation. It is available to eligible survivors who apply within the first 30 days after the disaster was declared.
    • More than $8.7 million for Displacement Assistance or money to help with housing needs if you cannot return to your home because of the disaster. The money can be used to stay in a hotel, with family and friends or other options.
    • More than $2.5 million for the Clean and Sanitize program which is up to $300 from FEMA and the State of Louisiana to help clean up houses damaged by Francine that remain habitable.

    Both Serious Needs Assistance and Displacement Assistance require an inspection to confirm eligibility before funds are provided to applicants.

    In the nine parishes designated for federal assistance, Disaster Recovery Centers are open to support survivors. FEMA employees are on-hand to answer questions and assist with applications. Representatives of the U.S. Small Business Administration, the State of Louisiana and nonprofit and nongovernmental partners are also on available to assist survivors as they navigate their recovery. 

    The centers are accessible to people with disabilities or access and functional needs and are equipped with assistive technology. If you need a reasonable accommodation or sign language interpreter, please call 833-285-7448 (press 2 for Spanish).

    DRCs are open at the following locations: 

    Ascension Parish

    Lemann Memorial Center

    1100 Clay St.

    Donaldsonville, LA 70346

    Assumption Parish

    Assumption High School, North Building

    4880 Hwy 308

    Napoleonville, LA 70390 

    Jefferson Parish

    Martin Luther King Community Resource Center

    1042 31st St

    Kenner, LA 70065

    Lafourche Parish

    Lafourche Parish Emergency Operations Center

    4876 Hwy. 1

    Raceland, LA 70394

    St. Charles Parish

    Alan Arterbury Building

    14564 River Road

    New Sarpy, LA 70078

    St. John the Baptist Parish

    Reserve Library

    1482 Hwy 44

    Reserve, LA 70084

    St. James Parish

    Convent Community Center

    5775 Hwy 44

    Convent, LA 70723

    St. Mary Parish

    Morgan City Municipal Auditorium
    728 Myrtle St.
    Morgan City, LA 70380

    Terrebonne Parish

    Terrebonne Parish Library

    151 Library Drive

    Houma, LA 70360

    The centers will operate from 8 a.m. to 5 p.m., Monday through Saturday. No appointment is necessary. 

    You do not have to visit a center to apply for FEMA disaster assistance. The quickest way to apply is by going online at disasterassistance.gov/.

    Additional options when applying include:

    • Download the FEMA App for mobile devices. 
    • Call the FEMA helpline at 800-621-3362 between 6 a.m. and 11 p.m. Help is available in most languages. If you use a relay service, such as video relay (VRS), captioned telephone or other service, give FEMA your number for that service.
    • To view an accessible video about how to apply visit: Three Ways to Register for FEMA Disaster Assistance – YouTube.

    For the latest information visit fema.gov/disaster/4817. Follow FEMA Region 6 social media at X.com/FEMARegion6 or on Facebook at facebook.com/femaregion6.

    alexa.brown

    MIL OSI USA News

  • MIL-OSI USA: SBA Economic Injury Disaster Loans Available to North Dakota Small Businesses

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – Small nonfarm businesses in three North Dakota counties and neighboring counties in Montana and South Dakota are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration, announced Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. These loans offset economic losses because of reduced revenues caused by drought in the following primary county that began Aug. 6.

    Primary North Dakota county:  Bowman;
    Neighboring North Dakota counties:  Adams and Slope;
    Neighboring Montana county:  Fallon;
    Neighboring South Dakota county:  Harding.

    When farmers face crop losses and a disaster is declared by the Secretary of Agriculture, SBA working capital loans become a lifeline for eligible small businesses. “These loans are the backbone that helps rural communities bounce back and thrive after a disaster strikes,” Sánchez said.

    “SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster,” Sánchez continued.

    Small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

    “Eligibility for these loans is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4 percent for businesses and 3.25 percent for private nonprofit organizations, a maximum term of 30 years and are available to small businesses and most private nonprofits without the financial ability to offset the adverse impact without hardship,” Sánchez added.

    Interest does not begin to accrue until 12 months from the date of the initial disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

    By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on Sept. 30.

    Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration. However, nurseries are eligible for SBA disaster assistance in drought disasters.

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

    The deadline to apply for economic injury is May 30, 2025.

    ###

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

    MIL OSI USA News

  • MIL-OSI USA: Former Nurse Pleads Guilty in Connection with Diverting Fentanyl from ICU Patient

    Source: US Department of Health and Human Services – 3

    Department of Justice
    U.S. Attorney’s Office
    District of New Hampshire

    FOR IMMEDIATE RELEASE
    Monday, October 7, 2024

    CONCORD – A Northfield woman pleaded guilty today in federal court for diverting fentanyl from an ICU patient at Concord Hospital, U.S. Attorney Jane E. Young announces.

    Lisa Richardson, 48, pleaded guilty to one count of Tampering with Consumer Products. U.S. District Court Judge Landya McCafferty scheduled sentencing for January 16, 2025.

    On December 30, 2022, while working as a nurse at Concord Hospital, Richardson removed a quantity of fentanyl from an intravenous line bag inserted in an Intensive Care Unit patient. She then replaced the fentanyl with saline. The defendant was not assigned to the patient’s care as part of her duties as a nurse.

    The charging statute provides a sentence of no greater than 10 years in prison, up to three years of supervised release, and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    The Food & Drug Administration Office of Criminal Investigations and the Drug Enforcement Administration jointly led this investigation. Assistant U.S. Attorney Geoffrey Ward is prosecuting the cases.

    Law enforcement in the District of New Hampshire has utilized resources to enforce federal laws in connection with the diversion of dangerous narcotics by medical professionals. In July 2024, the U.S. Attorney’s Office settled a $300,000 civil action with Catholic Medical Center to resolve allegations they violated the Controlled Substances Act (“CSA”), by failing to keep accurate records of controlled substances, which enabled a nurse anesthetist to steal hundreds of doses of fentanyl over the course of a year. In June 2023, the U.S. Attorney’s Office settled a $2 million civil action with Cheshire Medical Center for their failure to fulfill obligations under the CSA, which enabled a nurse to steal twenty-three intravenous bags of fentanyl solution from an automatic medication dispensing machine. Also in June 2023, the U.S. Attorney’s Office settled a $300,000 civil action with PillPack by Amazon, a pharmacy, to resolve allegations that they violated the CSA, which risked the division of drugs that are often abused in our communities. 

    MIL OSI USA News

  • MIL-OSI USA: Pallone Announces Over $44 Million in Federal Funding to Replace Lead Pipes in New Jersey

    Source: United States House of Representatives – Congressman Frank Pallone (6th District of New Jersey)

    Washington, D.C. – Congressman Frank Pallone, Jr. (NJ-06), Ranking Member of the House Energy and Commerce Committee, announced today that New Jersey will receive more than $44 million in federal funding from the Environmental Protection Agency (EPA) to replace lead pipes. This funding, which Pallone secured through Bipartisan Infrastructure Law, will help modernize aging water systems and tackle the critical issue of lead contamination in the state.

    Lead exposure, particularly for children, has been linked to developmental delays and cognitive issues. This new federal funding will prioritize the removal of hazardous lead service lines, supporting ongoing efforts to protect the health and safety of families in schools, homes, and communities throughout New Jersey.

    “As part of the Bipartisan Infrastructure Law, I led the charge to include substantial investments in clean water infrastructure, like the funding being announced today,” said Pallone. “Safe drinking water is a basic human right, yet right now, millions of American families cannot trust the water coming out of their taps. This funding is a major win for New Jersey and a crucial step toward ensuring every community has access to clean, safe drinking water. We’re delivering real results to protect families and improve water quality across the state.”

    As part of this initiative, the EPA also announced today the new Lead and Copper Rule Improvements (LCRI) rule, which requires water systems across the country to identify and replace all lead service lines within 10 years. Additionally, the EPA announced $2.6 billion in funding for drinking water infrastructure projects nationwide. The $44 million investment for New Jersey will strengthen the state’s ability to remove lead service lines, ensuring that communities statewide—especially those most affected by outdated infrastructure—can rely on safe, clean drinking water.

    For more information on the EPA’s Lead and Copper Rule Improvements and funding opportunities available through the Bipartisan Infrastructure Law, visit www.epa.gov/lead-copper-rule.

    MIL OSI USA News

  • MIL-OSI USA: Physician Staffing Firm Expands to Wake County with 155 New Jobs and $7 Million Investment in Raleigh

    Source: US State of North Carolina

    Headline: Physician Staffing Firm Expands to Wake County with 155 New Jobs and $7 Million Investment in Raleigh

    Physician Staffing Firm Expands to Wake County with 155 New Jobs and $7 Million Investment in Raleigh
    mseets

    Today, Governor Roy Cooper announced Weatherby Healthcare, Inc. a medical staffing company, will add 155 jobs to Wake County. The company will invest more than $7.6 million to expand its operations in the City of Raleigh.

    “Weatherby has made a great decision to reinvest in North Carolina,” said Governor Cooper. “Wake County sits in the heart of our state and is the home of an international airport and a highly educated workforce, making it an ideal location for corporate businesses.”

    A subsidiary of CHG Healthcare, Weatherby has provided staffing solutions for physicians in rural communities for 45 years. The full-service staffing agency works with medical practices, hospitals, and healthcare facilities to coordinate and execute short-term contracts for healthcare professionals to cover for temporary absences for training, vacation, or medical leave. From housing and travel to licensing and credential requirements, Weatherby covers all aspects of physician placement to ensure complete, uninterrupted care for patients. Weatherby has become one of the largest physician staffing firms in the nation.

    “We’re thrilled to partner with the governor’s office on this project, which will not only give our current employees a vibrant, new, state-of-the-art workspace, but also allow us to continue to grow and bring more high-paying jobs to the great state of North Carolina,” said Michael Depaolis, Senior Vice President of Sales for Weatherby. “We pride ourselves on being a great place to work, and we’re excited to share our award-winning, people-centric culture with the state’s top talent.”

    “We are delighted to see another company expand its presence in our state,” said N.C. Commerce Secretary Machelle Baker Sanders. “From manufacturers to corporate headquarters, North Carolina continues to be a top choice for companies that want a low-cost to do business, great quality of life, and access to top tier talent as they continue to grow and expand.”

    Although salaries will vary by position and could create a potential payroll impact of more than $31.7 million each year for the region.

    Weatherby’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG), which was approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $433.5 million. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $1,812,000, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

    The project’s projected return on investment of public dollars is 134 percent, meaning for every dollar of potential cost to the state, the state receives $2.34 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

    Because Weatherby chose a site in Wake County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $604,000 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Wake, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

    “This project is an outstanding win for Wake County,” said N.C. Senator Lisa Grafstein. “We have an incredible and diverse talent base that is ready to help the company meet the needs of the demanding healthcare industry, and we look forward to welcoming Weatherby to our community.”

    “It gives us a great vote of confidence to know that the City of Raleigh was selected for Weatherby’s new home,” said N.C. Representative Tim Longest. “We appreciate the diligent work of our state and local partners that helped the company choose our strong economy for their next phase of growth.”  

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, N.C. Commerce’s Division of Workforce Solutions, Wake County, the City of Raleigh, Capital Area Workforce Development, Raleigh Economic Development and Wake County Economic Development, programs of the Raleigh Chamber.

    ###

    Oct 8, 2024

    MIL OSI USA News

  • MIL-OSI Russia: Sobyanin and Patrushev opened the new exhibition complex “Timiryazev Center”

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    From October 4 to 13, 2024, the Russian Ministry of Agriculture is holding the Week of the Agro-Industrial Complex. One of the main events will be the XXVI Russian agro-industrial exhibition “Golden Autumn”, which will be held on October 9-12. On the eve of the opening, on October 8, the Mayor of Moscow Sergei Sobyaninand Deputy Prime Minister of the Russian Federation Dmitry Patrushev inspected the exhibition. It was held in the new educational and exhibition complex “Timiryazev Center”, created on the basis of the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy.

    “I think that this is the beginning of a new development of Timiryazevka, a new style of its work, a new style of campus development. Moscow universities are developing. We recently completed a huge project of Baumanka. Now, together with the Government of the Russian Federation, on the instructions of the President, we are starting to develop the campus of Stankin. A number of other universities are actively developing, not only Moscow State University. I am very glad that here, in Timiryazevka, such a center has emerged. Moreover, it is very symbolic that the central site of the “Golden Autumn” will be deployed here, which will probably find its permanent residence here,” said Sergei Sobyanin.

    The Mayor of Moscow also congratulated those present on the opening of the Timiryazev Center and thanked Dmitry Patrushev, the team of the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy and the PhosAgro company, which invested in the project.

    Vladimir Trukhachev, Rector of the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy, in turn thanked Sergei Sobyanin and the Russian Ministry of Agriculture and noted that the building of the Timiryazev Center fits organically into the architectural ensemble of the educational institution.

    Dmitry Patrushev emphasized that the Timiryazev Center was the result of joint work by the Moscow team, the Russian Ministry of Agriculture, and representatives of the university over the course of a year. Exhibitions will be held here, and students will be able to practice their practical skills.

    “This has never happened before at the Timiryazev Academy. This was possible thanks to the support of Moscow, thanks to the goodwill of the PhosAgro company, which helped us with the financing of the construction of this complex. I really hope that the guys will be comfortable studying here, they will do their practical training, gain that important experience that they will then need in the fields, while working in agriculture,” said Dmitry Patrushev.

    He also noted that it is necessary to further develop the Timiryazev Academy, and Moscow is ready to support these plans.

    Traditionally, in October Moscow becomes the venue for the largest gastronomic festival, Golden Autumn. In addition to the Timiryazev Center, this year it will cover 154 sites, two of which will be located in the city center, and 25 in the districts, two fish markets, Moscow on the Wave, and the Moskino cinema park, as well as weekend fairs and interregional fairs.

    The main thing at the Golden Autumn is tasty and high-quality food. Guests are offered the best seasonal farm products. Participants from 65 regions of Russia — more than 150 large and small farms — brought vegetables, handmade cheeses, meat delicacies, honey, fish, mushrooms and berries to the festival.

    The festival’s cultural program includes about one and a half thousand hours of master classes, over two thousand hours of sports activities and 260 hours of stage programs.

    There are also special programs:

    — a gastrofestival that will take place from October 12 to 13 in the Moskino cinema park. Its participants will be 30 farmers and more than 10 restaurants that will present dishes from the autumn menu. Everyone is welcome to tastings, culinary and creative master classes. Children will be invited to ride carousels and mini-tractors. In addition, craft and art classes, as well as a grill show are planned. The event is prepared jointly with the Ministry of Agriculture of Russia.

    — a gastronomic route in Kamergersky Lane, which offers Muscovites and guests of the capital the opportunity to get acquainted with the dishes of the seasonal set menu in the best restaurants of the city.

    — an exhibition of art pumpkins in Stoleshnikov Lane, where works by contemporary graffiti artists are presented.

    — an entertainment program at the Moscow — on the Wave markets. Master classes and performances by cover bands will create a special atmosphere. On the weekend, there will be “battles of chefs” who will compete in preparing dishes from the autumn menu.

    Guests of the district sites will be offered to take part in numerous sports activities and active games. They will be able to try hot drinks and seasonal sweets: pumpkin, cranberry and apple jam, carrot jam and apple marmalade.

    The main decoration of the Golden Autumn sites, as in previous years, were orange pumpkins – a symbol of the autumn season and harvest festival. Visitors will be able to take bright photos as a souvenir of the festival.

    Detailed information about the festival events and venues can be found on the website.

    “Golden Autumn” is the main agricultural exhibition in Russia

    The agro-industrial exhibition “Golden Autumn” has been held in Moscow since 1999 on the initiative of the Russian Ministry of Agriculture. Over the past quarter century, it has become the leading platform for demonstrating the achievements of the domestic agro-industrial complex and discussing key issues in the development of the industry.

    In 2023, the exhibition was held at the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy. It was visited by more than 31 thousand people, and 136 organizations and representatives of 87 regions of Russia took part in the exhibition exposition and business events.

    In 2024, the Golden Autumn exhibition will be held for the first time in the new Timiryazev Center educational and exhibition complex. Its construction began in September 2023 and took exactly one year, ending in September 2024. The project was implemented using extra-budgetary funds.

    As a result, a three-story building with an area of about 40 thousand square meters was erected on the territory of the Russian State Agrarian University – Moscow Timiryazev Agricultural Academy at the address: Verkhnyaya Alley, Building 8. It is planned that it will become one of the largest exhibition and business sites in Moscow.

    “Its exhibition halls were named after outstanding agricultural scientists: Nikolai Vavilov, Alexander Chayanov and Vasily Nemchinov. In addition, there is a plenary session hall, meeting rooms, a diplomatic sector, a press center and a business space,” wrote Sergei Sobyanin.

    in his telegram channel.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin 

    If necessary, exhibition halls can be transformed for various event formats, including lecture halls, master class areas and seminars with multimedia support. The use of advanced engineering solutions guarantees a high level of events, as well as the comfort and safety of participants.

    The Timiryazev Center has a high-tech plenary hall designed for 450 people, and meeting rooms of various capacities and configurations.

    The adjacent area contains sports and leisure facilities, including a renovated equestrian arena.

    Good transport accessibility to the Timiryazev Center is provided by the nearby (about 15 minutes’ walk) Petrovsko-Razumovskaya transport hub, which includes two metro stations on the Serpukhovsko-Timiryazevskaya and Lyublinsko-Dmitrovskaya lines and one station on the third Moscow Central Diameter.

    The Golden Autumn 2024 exhibition traditionally presents the main achievements of the agro-industrial complex of Russian regions, modern agricultural machinery, products and services for agribusiness, as well as the best breeds of farm animals.

    The Timiryazev Center plans to hold more than 60 congress and exhibition events in 2024–2026, including:

    — 12th International Fair of Contemporary Art Cosmoscow;

    — 28th International Exhibition of Means of Ensuring National Security “Interpolitex-2024”;

    — 5th International Exhibition of Digital Technologies “CipherTech”;

    — Forum of security technologies Say Future: Security;

    — 22nd International Specialized Exhibition “Borders of Russia”;

    — The 8th International Consumer Goods Exhibition / National China Quality Consumer Goods Exhibition;

    — The 5th National Exhibition of Industrial Equipment and Innovations from China.

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/major/themes/11873050/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News

  • MIL-OSI USA: AG Ferguson files lawsuit against TikTok for harming youth mental health

    Source: Washington State News

    Social media giant accused of designing app to be addictive to young users

    SEATTLE — Attorney General Bob Ferguson announced today that he is suing TikTok for putting profits before the well-being of millions of its most vulnerable users by creating a platform that is addictive to youth. Ferguson’s lawsuit is part of a nationwide bipartisan effort, with 13 other attorneys general filing their own similar lawsuits.

    Specifically, Ferguson’s lawsuit filed in King County Superior Court accuses TikTok of violating the state Consumer Protection Act by targeting youth with features that encourage compulsive and excessive use to get them hooked on the platform. It asserts the social media giant deployed misleading public statements about TikTok’s safety and content moderation practices despite internal research showing the risks to young users.

    A significant portion of the complaint relies on material that TikTok asserts is confidential and has not yet been disclosed. Ferguson is requesting the court unseal that information.

    Research shows that excessive social media use by children and adolescents correlates with increased poor mental health outcomes. That’s especially true for young girls.

    Ferguson asserts that TikTok’s protections for young users are inadequate, despite its public claims of providing a safe, well-moderated experience for them.

    “I am one of the millions of parents across Washington who knows firsthand the hold TikTok and other social media apps have on kids,” Ferguson said. “TikTok is deceiving young people and their parents when it claims to look out for the safety of young users. Platforms like TikTok must be reformed and we know they are unwilling to do so on their own. I will not stop fighting to protect our kids and their mental health.”

    The latest lawsuit against TikTok comes nearly a year after Ferguson filed another, similar lawsuit against Meta, the parent company of Instagram and Facebook, along with a bipartisan group of attorneys general. The federal lawsuit accuses Meta of intentionally targeting youth with harmful features designed to get them hooked for life all while publicly downplaying the risks to maximize profits. 

    Like Meta, TikTok’s business model relies on maximizing user engagement. To keep young users coming back to the platform, TikTok designs its algorithms to figure out what types of videos they like and push more of those types of videos to them. TikTok’s “infinite scroll” and autoplay features increase the likelihood that users will stay on the app for an excessive amount of time, which is harmful to youth.

    In short, TikTok intentionally targets youth to keep them on the platform as long as possible without regard for their safety. At the same time, TikTok downplays the risks for its young users. These tactics contradict the company’s public-facing claims that it puts user safety first.

    TikTok intentionally created an addictive platform

    TikTok — one of the most widely used social media apps among teens — created a platform that is addictive to youth. At the same time, TikTok misrepresents to parents and kids that its platform has sufficient safeguards to protect them when it does not.

    TikTok employs an arsenal of harmful, addictive-by-design features specifically targeted and tailored to exploiting, manipulating and capitalizing on young users’ still developing brains, the lawsuit asserts.

    One of those features is “endless” or “infinite” scrolling. Endless scrolling compels young users to spend more time on TikTok by making it difficult for them to disengage, stripping away any natural stopping point or opportunity to turn to a new activity. TikTok claims that its screen time limit for teens mitigates the effects of features like endless scroll, but the limit is not a hard stop. Teens can click through TikTok’s take-a-break reminders and even disable them entirely.

    TikTok also employs push notifications to prolong the time youth spend on the app. The notifications create a sense that youth are missing out on new activity on TikTok.

    TikTok allowed under-13 users to bypass age gate

    Starting in 2019, TikTok split its platform into two levels, a “Kids Mode” and a “full” experience. “Kids Mode” restricts content young users can access, and bars them from uploading content. They also have no access to direct messages and cannot comment on other posts, in addition to other restrictions.

    TikTok uses “age gating” — or screening a user based on their birth date — to prevent underage users from accessing the platform’s full experience.

    However, TikTok knows that many children bypass the age gate, if it’s used at all. TikTok’s age gate depends on children reporting their age. While the age gate may sometimes effectively filter some users under age 13 into “Kids Mode,” TikTok knows that under-13 users are incentivized to and routinely supply a false date of birth to access the full TikTok experience.

    The Pew Research Center reported last year that 63% of all Americans age 13 to 17 used TikTok, and most teenagers in the U.S. report using TikTok daily. According to the research, 17% of teens say that they are on TikTok “almost constantly.”

    In 2020, The New York Times reported that more than one-third of TikTok’s 49 million daily users in the United States were 14 or younger.

    Investigation background

    This lawsuit is the result of a bipartisan, nationwide investigation by state attorneys general that began in 2021. Ferguson joined a bipartisan multistate lawsuit against Meta last year that came out of the same investigation.

    Other attorneys general filing their own individual lawsuits this week include: California, New York, Illinois, Kentucky, Louisiana, Massachusetts, Mississippi, North Carolina, New Jersey, Oregon, South Carolina, Vermont and the District of Columbia. Eight other states filed individual lawsuits earlier in the investigation. Those include: Arkansas, Iowa, Indiana, Kansas, Nevada, New Hampshire, Nebraska and Utah. 

    The attorneys general are seeking to stop TikTok’s unlawful practices and to force TikTok to implement reforms. Those reforms include strengthening its screen time limiting features for youth, eliminating or placing limits on endless scrolling and improving its “age gating,” or age verification, practices.

    Ferguson is also seeking civil penalties of up to $12,500 per violation, after enhancements, under the Washington Consumer Protection Act.

    Assistant Attorneys General Joe Kanada, Kelsey Burazin, Daniel Allen and Will O’Connor, Paralegals Allison Cleveland, Matt Hehemann, Keri Snider, Jen Killoren and Anne Wallig are handling the case for Washington.

    Social media impacts on youth mental health

    Experts, including the U.S. Surgeon General, agree that excessive social media use by children and adolescents correlates with physical and psychological harms such as higher rates of depression, anxiety and attention deficit disorders. It can also lead to eating disorders, suicidal thoughts and body dysmorphia.

    Social media use can disrupt activities that are essential for health, like sleep and physical activity, depending on the amount of time children spend online.

    According to the Surgeon General, recent research shows that adolescents who spend more than three hours per day on social media face double the risk of experiencing poor mental health outcomes, such as symptoms of depression and anxiety.

    Social media may perpetuate body dissatisfaction, disordered eating behaviors, social comparison and low self-esteem, especially among adolescent girls. One-third or more of girls aged 11-15 say they feel “addicted” to certain social media platforms and over half of teenagers report that it would be hard to give up social media.

    Ferguson’s lawsuit against Meta

    In October 2023, Ferguson and a bipartisan coalition of 42 attorneys general  filed lawsuits accusing Meta, the parent company of the social media platforms Facebook and Instagram, of knowingly targeting youth — calling them a “valuable, but untapped” market — with harmful features designed to get them hooked for life to maximize profits.

    The federal lawsuit also alleges that Meta knew young users, including those under 13, were active on the platforms and knowingly collected data from those users without parental consent.   

    The states’ case against Meta is currently being litigated in the Northern District of California.

    -30-

    Washington’s Attorney General serves the people and the state of Washington. As the state’s largest law firm, the Attorney General’s Office provides legal representation to every state agency, board, and commission in Washington. Additionally, the Office serves the people directly by enforcing consumer protection, civil rights, and environmental protection laws. The Office also prosecutes elder abuse, Medicaid fraud, and handles sexually violent predator cases in 38 of Washington’s 39 counties. Visit http://www.atg.wa.gov to learn more.

    Media Contact:

    Brionna Aho, Communications Director, (360) 753-2727; Brionna.aho@atg.wa.gov

    General contacts: Click here

    MIL OSI USA News

  • MIL-OSI: KraneShares Man Buyout Beta Index ETF (BUYO) Lists on NYSE: Applying Private Equity Selection Criteria To Public Equities

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) — Krane Funds Advisors, LLC (“KraneShares”), a global asset management firm known for its innovative exchange-traded funds (ETFs), today announced the launch of the KraneShares Man Buyout Beta Index ETF (Ticker: BUYO) on the New York Stock Exchange.

    BUYO seeks to track the performance of the Man Buyout Beta Index, which is designed to apply the key return drivers of PE/buyout funds to public equities. The fund employs a systematic approach to select a portfolio of small to mid-cap stocks from the Russell 2500 Index, targeting industries favored by PE firms and companies that are similar in size and display similar company-specific characteristics as those in traditional PE funds. The BUYO ETF targets companies with the following characteristics:

    1. Belong to sectors favored by PE funds, including Information Technology, Consumer Discretionary, Industrials, and Health Care
    2. Filters for companies with characteristics favored by PE funds, including strong free cash flow yield, higher operating margins, cash discipline (lower CapEx, ability to repay debt), and top-line growth among dozens of other signals

    As a starting point, the Russell 2500 Index without filtering holdings for PE-like return drivers is already highly correlated to the Preqin Private Equity ex-Venture Capital Index, with a 75.3% historical total return correlation since 2008.1 BUYO is designed to potentially have an even greater correlation and deliver a return profile similar to that of traditional buyout funds longer term.

    “BUYO offers investors a unique way to access companies with characteristics that private equity firms find attractive, but with the liquidity and transparency of an ETF,” said Kevin Orr, Managing Director and Head of Strategic Partnerships at KraneShares. “By leveraging Man Group’s research and expertise on buyout target attributes, BUYO aims to capture the potential value creation associated with private equity strategies while remaining fully invested in public equities.”

    “Our research indicates that many of the same methodologies that buyout funds use to target private takeover candidates can be applied to the public equity market to achieve similar results,” said John Lidington, who is a Co-Portfolio Manager covering liquid private equity at Man Numeric, which is acting as sub-advisor to BUYO. “We developed the approach underlying the Man Buyout Beta Index to provide an opportunity to harness the key return drivers powering PE funds, which are typically expensive and have historically been difficult to access for many investors. The approach helps identify potentially undervalued companies that in many cases may become public to private takeout targets in the future.”

    Major endowments typically allocate 20-40% of their portfolios to private equity, with some top institutions like Ivy League Universities reaching as high as 36.7% of their total investment.2 However, historically, there have been high barriers to entry to traditional PE funds, such as long placement and lockup periods and high investment minimums and fees.

    “We believe BUYO offers a compelling solution for various investor profiles,” said Jonathan Shelon, Chief Operating Officer of KraneShares. “BUYO may be appropriate for institutional investors seeking potential liquid beta to the PE buyout asset class while awaiting placement in traditional PE funds. It may also be attractive to investors seeking highly correlated liquid alternative exposure to the PE market or investors looking to diversify their portfolios by implementing a more endowment-like asset allocation that includes a healthy weighting to PE-like strategies.”

    “We are excited to combine Man Numeric’s investment expertise – by acting as a sub-advisor to BUYO – with KraneShares’ ETF product development, marketing, and distribution capabilities,” said Gregory Bond, CEO of Man Numeric.

    KraneShares will host a webinar with John Lidington introducing the KraneShares Man Buyout Beta ETF (Ticker: BUYO) on Tuesday, November 12, 2024. Investors interested in attending the webinar can register here.

    About Man Group

    Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent. Headquartered in London, we manage $178.2 billion* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at http://www.man.com.

    *As of 30 June 2024

    About KraneShares

    KraneShares is a specialist investment manager focused on China, Climate, and Alternatives. KraneShares seeks to provide innovative, high-conviction, and first-to-market strategies based on the firm and its partners’ deep investing knowledge. KraneShares identifies and delivers groundbreaking capital market opportunities and believes investors should have cost-effective and transparent tools for attaining exposure to various asset classes. The firm was founded in 2013 and serves institutions and financial professionals globally. The firm is a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI).

    Citations:

    1. Source: Preqin Ltd and analysis by Man Group as of 8/31/2024, correlation calculated from 1/1/2008 to 3/31/2024.
    2. Data from the National Association of Independent Colleges and Universities, “What a Tough Private Equity Environment Could Mean for University Endowments,” as of 7/17/2024.

    Definitions:

    Beta: Beta measures an investment’s volatility relative to the market and is used to quantify its risk. It’s calculated as the slope of a security’s returns regressed against a benchmark market index.

    Index Definitions:

    Preqin Private Equity ex-Venture Capital Index: The Preqin Private Equity ex-Venture Capital Index represents the returns on committed capital in private equity partnerships. It includes the amount of money invested in these partnerships and the returns that outstanding commitments would generate if invested risk-free.

    Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ full and summary prospectus, which may be obtained by visiting: https://kraneshares.com/buyo/. Read the prospectus carefully before investing.

    Risk Disclosures: 

    Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

    This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

    The Underlying Index uses Numeric models in its methodology, which depend on various data sources that may be inaccurate or incomplete, rendering the models potentially unreliable. Historical market data may not predict future price movements, and unusual market events can lead to unexpected outcomes. Models may also have hidden biases and could incur losses if actual events diverge from their assumptions. Additionally, performance may be affected by software issues or programming errors. While the Underlying Index aims to reflect private equity performance and risk like private equity buyout funds, there is no guarantee that public equities will achieve this exposure or that the models will effectively provide it.

    The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. A derivative (i.e., futures/forward contracts, swaps, and options) is a contract that derives its value from the performance of an underlying asset. The primary risk of derivatives is that changes in the asset’s market value and the derivative may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risk. The Fund is subject to liquidity risk, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If a transaction for these securities is large, it may not be possible to initiate, which may cause the Fund to suffer losses. Counterparty risk is the risk of loss in the event that the counterparty to an agreement fails to make required payments or otherwise comply with the terms of the derivative.

    The Fund is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt. Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a sector, industry, market, or group of concentrations to the extent that the Underlying Index has such concentrations. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. BUYO is non-diversified.

    ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

    The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Funds, or any sub-advisers for the Funds.

    For media inquiries, please contact: info@kraneshares.com 

    The MIL Network

  • MIL-OSI Banking: 4 foundational ways that AI is transforming government

    Source: Microsoft

    Headline: 4 foundational ways that AI is transforming government

    Of the many ways you might measure the potential value of AI on governments, one statistic jumps out. According to Gartner®, 2027 spend on AI software by use case, digital government services, is projected to reach USD41.8 billion in 2027. That tops all other industry sectors, with banking coming in second at USD28.2 billion.1 This represents a significant shift in priorities, as governments recognize the potential of AI to enhance public sector efficiency, transparency, and citizen engagement.

    As Microsoft’s global government lead, I am inspired that so many agencies and organizations are not hedging their bets with AI, as was sometimes the case with prior waves (cloud computing and the rise of mobility come to mind). Instead, many governments are taking thoughtful early steps to explore AI and invest in early innovation.

    Microsoft for Government

    Achieve your mission with Microsoft.

    How AI is transforming government IT

    At Microsoft for Government, our job is to help governments make the most of their AI investments with best-in-class solutions that are tailored to their unique needs and brought to life through our global network of technology partners. Since the advent of generative AI in late 2022, we have worked closely with a wide array of agencies and organizations to develop targeted use cases designed to improve everything from citizen services to cybersecurity.

    This level of innovation is even more impressive considering the unique pressures facing governments. Leaders must deliver results within constrained budgets and limited resources, respond to shifts in societies and workforces, and protect some of the most heavily cyber-attacked data and systems in the world.

    Here’s a brief look at four essential areas where AI is helping to empower customers and reshape the impact of government around the world.

    1. Delivering personalized experiences

    Unproductive interactions with automated call centers and outdated websites are the bane of many constituents’ relationships with their government agencies. Well-intended at the core, too many of these services fail to connect with constituents, recognize their needs, and deliver useful information in a timely way.

    Generative AI is revolutionizing these resources with self-service portals and contact centers that provide modern, user-friendly digital experiences. The combination of natural language processing (which enables machines to understand and generate human language), and semantic search (which goes beyond simple keyword matching to comprehend the meaning of a query) makes it possible to readily create chatbots and agents that interact smoothly with people and reason over vast amounts of data to instantly provide solutions.

    An amazing example is a chatbot in India called Jugalbandi, built on Microsoft Azure OpenAI Service. Jugalbandi has bridged the nation’s vast linguistic divide by understanding spoken and typed questions, then responding in the user’s local language, all on widely used mobile devices. By covering 10 of India’s 22 official languages and 171 government programs (so far), it makes important information more accessible and reduces cost and friction for constituents and employees alike.

    2. Empowering the government workforce

    Ensuring that employees can focus on meaningful work is key to government success. In public service, many people are motivated by the opportunity to help others and solve important societal challenges. When subpar technology solutions create inefficiencies and cause unintended problems, productivity and morale suffer.

    Government workers, like employees everywhere, welcome services and solutions that reduce friction, keep them connected, and make them more productive. Solutions that use generative AI’s unique predictive analytics and forecasting capabilities can help employees improve their decision-making and overall efficiency.

    In the United Arab Emirates, the Dubai Electricity and Water Authority (DEWA) DWEA) built a new Business Requirement Document Generator using Microsoft Azure AI Services that enables employees to enter minimal information and easily generate important documents. Trained on 500 billion parameters, it proactively suggests required information and fills in gaps and other important information. What used to take one week can now be done in one day, including reviews. Complementing the solution, the Authority also boosted productivity by adopting Microsoft 365 Copilot, which is proving invaluable in helping employees to work faster and effectively, notably on research tasks.

    3. Modernizing government operations

    In many organizations and agencies, the journey to cloud computing has been hindered by important considerations unique to government, including cost, security, and a reliance on legacy systems which are often regarded as so critical that they can’t be modernized, despite being slow, complex, and vulnerable. As cloud and AI solutions become more mature and available, however, the barriers to modernization are dropping, while the price of inaction only rises.

    Generative AI’s code generation capabilities (which empower non-developers to readily create AI applications) make it possible to manage critical workloads in the cloud, while gaining new benefits in flexibility, scalability, and resilience across agencies. This can unlock critical data stuck in silos and drive better decision-making for officials who, for example, can make more informed decisions on proposed legislation. Likewise, for citizens, it can turn the process of obtaining a building permit into a productive interaction with a helpful virtual agent, rather than a gauntlet of arcane rules and regulatory snags.

    When Gamle Oslo realized that a district manager needed to log into 25 different systems to find relevant data for the city’s kindergarten services, they decided to build a unified data platform using Microsoft Fabric. The solution collects and analyzes all of the district’s data on housing, employment, health care, and public services, which had formerly been disconnected. Unified data with Fabric has improved many processes and opened the door to new benefits and insights, including setting the stage for new AI innovation.

    4. Securing data and protecting resources

    More than any other industry sector, governments are prime targets for cyberattacks. According to Microsoft’s Digital Defense Report for 2023, 53% of attacks worldwide focused on government organizations and critical infrastructure2. Over the last 18 months, public sector organizations have seen a 150% increase in cyberattacks3 due to the combination of escalating geo-political conflicts and increasing financial motivations.

    This dangerous threat landscape urgently requires governments to improve their ability to safeguard critical systems, enhance data protection, and maintain compliance with a host of regulations. Making the challenge even more difficult for governments is the growing demand for skilled cybersecurity staff. Worldwide, there is a shortage of 4 million cybersecurity professionals4, and the problem can be worse for governments, who often struggle to attract and retain talent.

    Cloud and AI technology can help level the cybersecurity playing field in a number of important ways. First, the Microsoft Cloud platform provides built-in security and resilience, reflecting our commitment to making security and compliance our top priority. Also, our comprehensive security offerings help an organization craft its own strategy using end-to-end products and tools. And finally, Microsoft Copilot for Security uses generative AI to empower security analysts to rapidly assess an organization’s security posture and create actionable insights and solutions at much greater speed than current approaches.

    When the Dominican Republic’s National Cybersecurity Center (CNCS) recognized increases in both frequency and sophistication of cyberattacks, they responded by modernizing the government’s information system and in national critical infrastructure. Their comprehensive approach included adopting a variety of Microsoft solutions to monitor, analyze, manage, and respond to cyber threat cases across the country. The benefits of modern cybersecurity were soon evident, as the event correlation system running on Microsoft Sentinel established relationships between indicators of compromise four times faster than earlier approaches.

    See AI in government for yourself

    Beyond these transformational benefits, the explosion of AI innovation in government is also advancing the move to modern cloud and data platforms, which is not only essential for enabling AI but also delivers broader benefits in efficiency, productivity, and security.

    The insights and examples shared here only just scratch the surface of what our customers are creating and learning. We’re discovering new and amazing things on a daily basis, and we invite you to become engaged.

    To see for yourself and learn more:

    • Attend the Microsoft AI Tour—a free, one-day event with experts, industry leaders, and peers to explore how AI can drive growth and create lasting value. Events are happening worldwide through March 2025.
    • Visit us at Smart City Expo World Congress in Barcelona, Spain, November 5–7, 2024. I will present on the topic of “Next-Gen Tech Leading the New Urban Era​,” and other Microsoft for Government sessions will be presented by Kathleen Mitford, Kirk Arthur, Jeremy Goldberg, Doug Priest, and Hannah Prior.
    • To discover how the city of Madrid is innovating to become a smarter, more sustainable city, download the new SmartCitiesWorld City Profile. And for a discussion of the new profile, including a new AI-driven virtual assistant, register for a SmartCitiesWorld webinar on October 22, 2024.

    Sources:

    1Gartner, Compare AI Software Spending in the Government Industry, 2023-2027, By Daniel Snyder, James Ingham, Inna Agamirzian, 27 March 2024. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

    2Microsoft Digital Defense Report 2023

    3Statista, December 2023

    4ISC2 Cybersecurity Workforce Study, November, 2023

    MIL OSI Global Banks

  • MIL-OSI USA: Press Release: FDIC Extends Comment Period on Request for Information on Deposits

    Source: US Federal Deposit Insurance Corporation FDIC

    CategoriesBusiness, Commerce, MIL-OSI, United States Federal Government, United States Government, United States of America, US Commerce, US Federal Deposit Insurance Corporation FDIC, US Federal Government, US Insurance Sector, USA

    MIL OSI USA News

  • MIL-OSI USA: Welch Introduces New Bill to Examine Risks of AI in National Defense Systems, Strengthen U.S. Ethical Tech Leadership 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), member of the Senate Commerce Committee,introduced the Artificial Intelligence Weapons Accountability and Risk Evaluation (AWARE) Act, legislation to bolster the U.S. Department of Defense’s ethical technology leadership and transparency regarding AI-enabled defense systems. The legislation requires the Pentagon to report to Congress on risk assessments of the use of AI in our defense systems, including the accuracy, cybersecurity and privacy risks, and potential for civilian harm. These risk assessments must also include what AI systems have been exported to, or used by, foreign entities. 
    “We know that AI-enabled weapons are exacerbating harm to civilians in warzones, and without effective oversight these systems could dangerously reshape our future. The United States has an obligation as a leader in AI innovation to also lead in AI ethics. We must be ready to answer questions about accuracy, security, privacy, and harm when we use AI-enabled weapons—and we need better data to do that,” said Sen. Welch. 
    The AWARE Act will: 

    Create a risk assessment process that minimally evaluates the following criteria: bias, bias towards escalation, dependability, cybersecurity, privacy, and risk of civilian harm; 
    Apply the aforementioned risk assessment to any AI-enabled weapons, targeting, or decision support systems (that directly support weapons or targeting systems); 
    Require the Department of Defense to conduct an annual risk assessment of all covered systems, and conduct a new risk assessment when there are technology procurements, the weapons review process is initiated, or there is an update to an underlying AI model;  
    Catalogue the covered technologies and assessment outcomes in a risk ledger that is unclassified to the extent possible but may include a classified appendix; 
    Annotate which of these technologies have been exported, shared, or used by a foreign person or government; and 
    Report to Congress annually on the progress of implementing this Act, the ledger itself, and a report on the findings. 

    The AWARE Act is endorsed by Access Now, Brennan Center for Justice, and Public Citizen. 
    “The lack of transparency in the military’s use of AI poses significant risks to human rights,” said Willmary Escoto, U.S. Policy Counsel at Access Now. “The AWARE Act addresses this by establishing risk assessments for AI-enabled systems, ensuring that factors like bias and the potential for civilian harm are evaluated before and after deployment. Access Now fully supports its passage and commend Senator Welch for prioritizing this issue.” 
    “The Department of Defense has committed billions of dollars to military applications of AI that implicate who or what the government targets with lethal force, and Congress and the public have the right to know basic facts about how these technologies work, whether they are effective, and what safeguards are in place,” said Amos Toh, senior counsel of the Liberty and National Security Program at the Brennan Center for Justice. “The AWARE Act is an important first step towards dismantling excessive secrecy about military grade AI that has grievous consequences for life and liberty.” 
    “A reckless rush to develop and deploy autonomous weapons—with the capacity to deliver lethal force without any specific human approval—risks sparking a new global arms race for a dangerous and untested set of technologies that could inflict enormous harm on civilians. Sen. Welch’s legislation is a common sense and much needed measure to ensure the Pentagon gives Congress the basic information it needs to oversee AI weapons policy,” said Rob Weissman, Co-President of Public Citizen. 
    Learn more about the AWARE Act. 
    Read the full text of the bill. 

    MIL OSI USA News

  • MIL-Evening Report: More workers are being forced back to the office – yet a new study shows flexibility is the best way to keep employees

    Source: The Conversation (Au and NZ) – By John L. Hopkins, Associate Professor of Management, Swinburne University of Technology

    Gorodenkoff/Shutterstock

    Less than a month after Amazon announced employees would need to give up their flexible work arrangements and return to the office full-time, new research has reinforced the value of a flexible work culture.

    The 2024 Employee Benefits Review, by consultancy firm Mercer, found 89% of Australian organisations still offer the option of working from home, with the average number of mandated office days stable at about three a week, the same as last year.

    In this era of limited pay growth, businesses are also increasingly leveraging flexible work arrangements to attract and retain top talent, enhance employee engagement and foster a positive workplace culture.

    The research shows some Australian workers are even prepared to take a pay cut for the sake of a more flexible work life. This and other findings conflict with a renewed push by some big businesses to get employees back to the office.

    Businesses at odds with the research

    Three weeks ago, Amazon CEO Andy Jassy issued a memo calling all employees back to the office five days a week.

    Up to this point, the return to office (RTO) conversation had largely fallen silent for most of this year. Hybrid work arrangements were generally being accepted as the norm for office workers.

    Amazon’s move has reignited the topic. Shortly after the Amazon announcement, Tabcorp CEO Gillon McLachlan ordered workers back to the office to improve performance and create “a winning culture”.

    However, not everybody supports the idea, here or overseas. Senior executives at Google and Microsoft were quick to distance themselves. They reassured workers hybrid arrangements would stay as long as productivity levels didn’t fall.

    What a new national survey found

    Mercer’s report, released on October 2, is based on data from 502 Australian organisations across all major industry groups and sectors. It found flexible work – when managed well – can contribute to a positive workplace culture. It can also improve diversity and inclusion, while broadening the potential talent pool.

    As well as letting people work from home, the report found 77% of participating firms allow staff to adjust their start and finish times. And 5% let their employees work four days instead of five at the same pay. This is commonly referred to as the 100:80:100 model of a four day work week.

    Many businesses gave employees the flexibility to change their start and finish times.
    Monkey Business Images/Shutterstock

    Four per cent of businesses offered a “compressed working year” – the ability to work the equivalent of 48 weeks in just 40 weeks. Another business was experimenting with letting staff work four years at 80% of salary, and take the fifth year as leave.

    Mercer’s client engagement manager Don Barrera said

    employers need to find the balance between the needs of their employees and the overall business objectives in order to create a benefits strategy that delivers value to all.

    Changing culture

    With flexible work now firmly embedded in many Australian companies, work culture is changing too.

    Just under 60% now define their culture around “work-life balance.” This places greater emphasis on people, but not at the expense of performance.

    This fits with 2021 research identifying positive links between flexibility, employee engagement, productivity and overall performance.

    Workplace Gender Equality Agency research released earlier this year describes flexible work as “the key to workplace gender equality”.

    Other studies have found flexible work increased potential employment opportunities for people with disabilities.

    Flexibility also now extends beyond simply work arrangements. According to the Mercer research, it can include career development, training opportunities, parental leave, part-time work, annual leave, and support for financial wellbeing.

    In recognition of cost-of-living pressures, 65% of organisations now offer health and wellbeing classes and 29% offer financial wellness programs. By broadening the scope of flexibility, businesses can better respond to their workforce’s evolving needs.

    Everyone benefits

    Both employers and employees can benefit from flexibility. For employees, it’s about improving work-life balance, with one-third now willing to forgo a 10% pay rise in favour of flexible, reduced hours, or a compressed work schedule.

    For employers, the benefits are attracting and retaining top talent, fostering a positive workplace culture, and being able to adapt to changing market conditions with a skilled and engaged workforce.

    By understanding the interconnection between these needs, firms can create a work culture that recognises employees have commitments and interests outside work. This can help employees achieve better work-life balance.

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

    ref. More workers are being forced back to the office – yet a new study shows flexibility is the best way to keep employees – https://theconversation.com/more-workers-are-being-forced-back-to-the-office-yet-a-new-study-shows-flexibility-is-the-best-way-to-keep-employees-240649

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Economics: African Development Bank appoints Nnenna Nwabufo as Vice President for Regional Development, Integration and Business Delivery

    Source: African Development Bank Group

    The African Development Bank Group has appointed Nnenna Lily Nwabufo as Vice President for Regional Development, Integration and Business Delivery, effective 04 October.

    Nwabufo, a Nigerian national and seasoned executive, brings over 33 years of expertise in financial management, budget planning, human resource management, corporate services, and regional operations.

    Since joining the Bank in 1991, she has held various managerial roles, including Acting Vice President for Corporate Services in May 2015.  In January 2021, she was appointed Director General for East Africa, where she led the Bank Group’s strategic objective of achieving developmental impact in the region’s 13 countries, ensuring the growth of sovereign and non-sovereign operations.

    Nwabufo holds a Bachelor of Science degree in Economics from the University of Lagos, Nigeria, and an MBA from Henley Management College in the United Kingdom.

    Commenting on her new role, Nwabufo stated, “I look forward to working closely with the president, the Boards of Directors, fellow senior managers, and our talented staff to continue advancing the Bank’s development mission. Together, we will strengthen partnerships, ensure operational efficiency, and drive sustainable, inclusive growth across Africa.”

    The President of the African Development Bank Group, Dr. Akinwumi A. Adesina said: “I am delighted to appoint Mrs. Nnenna Lily Nwabufo as Vice President for the Regional Development, Integration and Business Delivery. Nnenna brings deep knowledge of the Bank, vast senior management experience in different parts of the Bank, from finance to human resources, corporate services, budget management, and operations, which will be highly valuable in her new role in charge of country and regional operations and offices. I am confident that Nnenna’s managerial and leadership skills and deep operational experience will support all the Bank’s sector Vice Presidents to deliver and manage their operations and portfolios more effectively on the ground and deepen policy dialogues across countries and regions.”

    MIL OSI Economics

  • MIL-OSI Economics: Appointment of Senior Vice President Mrs. Marie-Laure Akin-Olugbade

    Source: African Development Bank Group
    The African Development Bank Group is pleased to announce the appointment of Mrs. Marie-Laure Akin-Olugbade, as Senior Vice President, with effect from 4th October 2024.
    Mrs. Marie-Laure Akin-Olugbade, a Cameroonian national, was serving as Vice President for Regional Development, Integration and Business Delivery at the Bank.

    MIL OSI Economics

  • MIL-OSI Asia-Pac: Price of Tur and Urad in major mandis declines by almost 10% in last three months

    Source: Government of India (2)

    Price of Tur and Urad in major mandis declines by almost 10% in last three months

    Current sowing area for Kharif pulses exceeds last year by over 7% and crop condition is good: Secretary, Department of Consumer Affairs, Government of India

    Centre discusses price of pulses with Retailers Association of India (RAI)

    Posted On: 08 OCT 2024 4:54PM by PIB Delhi

    Smt. Nidhi Khare, Secretary, Department of Consumer Affairs chaired a meeting with Retailers Association of India (RAI) and major organized retail chains today and discussed the scenario and trends in prices of major pulses. The meeting is timely and significant considering the festive season. Pertinently, mandi prices of most pulses are on declining trend in recent months against improved availability and higher sown area of kharif pulses this year.

    Secretary, Consumer Affairs informed that prices of Tur and Urad in major mandis had declined, on an average, by almost 10% during last three months, but retail prices have not seen similar decline. In respect of Chana, decline in mandi prices have been observed in the past one month, but retail prices continue to increase. She pointed out the diverging trends between wholesale mandi prices and retail prices are indicative of increasingly unwarranted margins that retailers are extracting out of the market dynamics. The trends are being closely tracked and necessary measures will have to be initiated if the divergences are found to be widening.

    The meeting was attended by officials of RAI and representatives from Reliance Retail Ltd., Vishal Mart, D Mart, Spencer and More Retail.

    In respect of availability position, Secretary, Consumer Affairs informed that Kharif Urad and Moong have started arriving in the markets while imports of Tur and Urad from East African countries and Myanmar are arriving steadily to augment the domestic production. The comfortable domestic availability situation is also evident from the fact that the quantity of pulses stock disclosed by big-chain retailers in the stock disclosure portal of Department of Consumer Affairs has been increasing every week.  

    She also pointed out that this year, sowing area for Kharif pulses has exceed last year by over 7% and crop condition has been good. In preparation for Rabi sowing, the Department of Agriculture & Farmers Welfare has assigned focus plans to each of the major producing States with the objective of increase production and self-sufficiency in pulses. NAFED and NCCF will be involved in farmers registration and seeds distribution among farmers in the upcoming Rabi season, as was done in the Kharif sowing season this year.

    Considering the current availability situation and easing of mandi prices, Secretary asked retail industry to extend all possible support to the Government in its efforts to keep prices of dals affordable to the consumers. In this regard, she invited organized retail chains to coordinate with NCCF and NAFED in the distribution of Bharat Dals, especially Bharat Masur Dal and Bharat Moong Dal, to widen and deepen the coverage and reach of Bharat Dals among consumers.

    ***

    AD/NS

    (Release ID: 2063204) Visitor Counter : 81

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Federal Court Enters Consent Decree Against Rizo Lopez Foods Inc. Following Multistate Outbreak of Listeriosis Linked to Queso Fresco and Cotija Cheese Products

    Source: US Department of Health and Human Services – 3

    For Immediate Release:

    Today, the U.S. District Court for the Eastern District of California entered a consent decree of permanent injunction against Rizo Lopez Foods Inc. (“Rizo Lopez Foods”), a California-based food manufacturer, and the company’s co-owners, Edwin Rizo and Tomas Rizo. Among other requirements, the consent decree prohibits Rizo Lopez Foods from manufacturing and selling certain food products until the company complies with the Federal Food, Drug, and Cosmetic Act (FD&C Act), federal regulations and other requirements.  

    The U.S. Food and Drug Administration and Centers for Disease Control and Prevention (CDC), in collaboration with state and local partners, investigated a multi-year, multistate outbreak of Listeria monocytogenes (L. monocytogenes) infections linked to queso fresco and cotija cheeses manufactured by Rizo Lopez Foods of Modesto, California.

    L. monocytogenes is a species of disease-causing bacteria. When people eat food contaminated with L. monocytogenes, they may develop a disease called listeriosis. This infection can have serious adverse effects for consumers, particularly women who are or may become pregnant, the elderly, and people with weakened immune systems. Complications from the disease can include pneumonia, central nervous system damage, endocarditis, localized abscesses, skin lesions and conjunctivitis. 

    In January 2024, the Hawaii State Department of Health’s Food and Drug Branch collected a retail sample of the Defendants’ Aged Cotija Mexican Grating Cheese, and the sample tested positive for L. monocytogenes. Whole genome sequencing of the L. monocytogenes-positive cheese sample matched previous clinical illnesses identified by CDC. The FDA inspected the Defendants’ facility from January–February 2024, and the FDA subsequently identified the same strain of L. monocytogenes in the facility’s environment. This match indicates that the L. monocytogenes strain likely originated from the Defendants’ facility. In February 2024, Rizo Lopez Foods voluntarily recalled its entire inventory of dairy products, regardless of the sell-by date of the product.

    In total, the CDC outbreak investigation identified 26 illnesses, which occurred across 11 states and included 23 hospitalizations. Two of the individuals subsequently died. Four individuals were pregnant, including one who suffered a pregnancy loss. 

    “Food safety is a critical responsibility. Producers of fresco type cheeses are responsible for producing safe food, including being in compliance with food safety laws and regulations. Through this unfortunate outbreak, we see what can happen when a company fails to meet their legal responsibilities,” said FDA Deputy Commissioner for Human Foods Jim Jones. “The FDA will always put the safety of consumers and public health first and will continue to hold companies accountable when they manufacture and distribute contaminated food into the U.S. marketplace.” 

    The consent decree prohibits Rizo Lopez Foods, Edwin Rizo, and Tomas Rizo, and any persons or entities in active concert or participation with them who receive notice of the decree, from directly or indirectly manufacturing, preparing, processing, packing, repacking, receiving, labeling, holding, and/or distributing any product, excluding pre-packaged food, at or from their facilities unless and until certain requirements are met to ensure they are operating in compliance with the FD&C Act, the FDA’s regulations, and the decree. The consent decree requires the defendants to make corrective actions and receive FDA approval before they may resume operations.

    The FDA remains committed to fostering a culture of food safety among all food producers that provide products to the U.S. The Agency has developed a strategy for reducing the likelihood of outbreaks and illnesses of listeriosis associated with cheeses and will continue to work with companies to ensure the safety of the U.S. food supply.

    Related Information

    ###

    Boilerplate

    The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, radiation-emitting electronic products, and for regulating tobacco products.


    Inquiries

    Consumer:
    888-INFO-FDA

    MIL OSI USA News