NewzIntel.com

Category: CTF

  • MIL-OSI Canada: Saskatchewan Wildfire Update – July 3

    Source: Government of Canada regional news

    Released on July 3, 2025

    As of 11:00 a.m. on Thursday, July 3, there are 64 active wildfires in Saskatchewan. Of those active fires, nine are categorized as contained, 19 are not contained, 25 are ongoing assessment and 11 are listed as protecting values.

    This year, Saskatchewan has had 329 wildfires, which is well above the five-year average of 190 to date.

    Five communities are currently under an evacuation order: Northern Settlement of Bear Creek, Resort Subdivision of Lac La Plonge, Northern Village of Beauval, Kinoosao and La Plonge Reserve. 

    Any evacuees should register through the Sask Evac Web Application and then call 1-855-559-5502 between 8 a.m. and 5 p.m. to have their needs assessed and for additional assistance. Individuals who need help registering through the application can call the 855 Line for assistance. 

    Evacuees supported by the Canadian Red Cross should call 1-800-863-6582.

    The Saskatchewan Public Safety Agency’s (SPSA) Recovery Task Team continues to meet with community leaders to discuss recovery efforts. Their current focus is working with communities to support debris management, living accommodations and mental health supports.

    Distribution of the $500 Government of Saskatchewan payments to evacuees 18 years of age and older continues. To date, over $5.1 million has already been distributed. This financial support will reach over 10,000 individuals who qualify, including the recent evacuees. The SPSA continues to coordinate with communities that have asked for its support in distributing this financial assistance.

    The SPSA is also offering retroactive food security support for those communities supported by the SPSA, where the residents are not staying in SPSA provided hotels. The agency will provide to those that qualify $40 per day for the head of household, plus $20 for each additional member, up to a maximum of $200 daily. 

    A full list of evacuated and repatriated communities can be found on the Information for Evacuees webpage.

    The latest information, an interactive fire ban map, frequently asked questions, fire risk maps and fire prevention tips can be found at saskpublicsafety.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI New Zealand: Tiny tags could reveal fish sex secrets

    Source: NZ Department of Conservation

    Date:  04 July 2025

    Threatened-Nationally Vulnerable shortjaw kōkopu are found only in Aotearoa. As juveniles, they are one of six species known as whitebait.  

    Over the past year, DOC Ranger Suze Harris has inserted 12.5 mm-long PIT (passive integrated transponder) tags under the skin of 41 shortjaws living in a tributary of Kaniere River, Hokitika.  

    The inserted PIT tags allow her to track individual fish via a detector blue-toothed to her phone. 

    “We need to know the females’ spawning time so we can track down nesting sites. This helps us target conservation efforts such as trapping – since rats eat shortjaw kōkopu eggs. We can also make recommendations under the Resource Management Act on the timing of activities, like earthworks, that sometimes occur along stream margins.” 

    Suze also says although the West Coast remains a shortjaw stronghold, with enviable populations compared to the rest of the country, some streams with previously strong populations are being claimed by other whitebait species – and the shortjaws have either significantly decreased or gone altogether. 

    “The usual freshwater monitoring methods, like electric fishing, don’t work well on shortjaws. Their preference for deep rocky pools and their flitty behaviour makes them hard to survey. 

     “PIT tagging the fish means I don’t have to keep recapturing them. Instead, when I’m monitoring in the field, my phone might ping, I’ll look at a summary of the fish on my phone and think, ‘oh, that’s Charlie Brown, who is male – I’ll leave him alone because I’m looking for females at the moment’.”  

    Shortjaw reproduction occurs in late autumn, with males producing milt (sperm) and raring to go earlier than females. 

    “Males dominate the Hokitika site. We still haven’t managed to tag a female – they’re so elusive. But tagging males helps because their presence indicates the right conditions for spawning, meaning females are likely to show up soon. 

    Suze was granted animal ethics approval to tag up to 50 shortjaws. She tagged a total of 41 in February 2024 and 2025. Of those, 39 are giving signals from live fish.  

    New Zealand’s native species, like shortjaw kōkopu, are unique and special, with 88 per cent of our fishes found nowhere else in the world. DOC freshwater rangers throughout the country are identifying populations of shortjaw kōkopu so DOC can work with iwi, hāpu, councils, landowners and community groups to protect them. 

    Background information

    Shortjaw kōkopu are a migratory galaxiid species (named for their skin which looks like a galaxy of stars). Their largest populations are in Northland, Taranaki, Wairarapa, Tasman, Marlborough and the West Coast.

    PIT tags are the same technology used to microchip dogs and cats, with a variety of sizes as appropriate for the animal.

    As the fish being tagged are adults, and it is the juvenile fish which are eaten as part of the whitebait catch, there is no chance of a PIT tag being eaten by a human.

    Contact

    For media enquiries contact:

    Email: media@doc.govt.nz

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Tiny tags could reveal fish sex secrets

    Source: NZ Department of Conservation

    Date:  04 July 2025

    Threatened-Nationally Vulnerable shortjaw kōkopu are found only in Aotearoa. As juveniles, they are one of six species known as whitebait.  

    Over the past year, DOC Ranger Suze Harris has inserted 12.5 mm-long PIT (passive integrated transponder) tags under the skin of 41 shortjaws living in a tributary of Kaniere River, Hokitika.  

    The inserted PIT tags allow her to track individual fish via a detector blue-toothed to her phone. 

    “We need to know the females’ spawning time so we can track down nesting sites. This helps us target conservation efforts such as trapping – since rats eat shortjaw kōkopu eggs. We can also make recommendations under the Resource Management Act on the timing of activities, like earthworks, that sometimes occur along stream margins.” 

    Suze also says although the West Coast remains a shortjaw stronghold, with enviable populations compared to the rest of the country, some streams with previously strong populations are being claimed by other whitebait species – and the shortjaws have either significantly decreased or gone altogether. 

    “The usual freshwater monitoring methods, like electric fishing, don’t work well on shortjaws. Their preference for deep rocky pools and their flitty behaviour makes them hard to survey. 

     “PIT tagging the fish means I don’t have to keep recapturing them. Instead, when I’m monitoring in the field, my phone might ping, I’ll look at a summary of the fish on my phone and think, ‘oh, that’s Charlie Brown, who is male – I’ll leave him alone because I’m looking for females at the moment’.”  

    Shortjaw reproduction occurs in late autumn, with males producing milt (sperm) and raring to go earlier than females. 

    “Males dominate the Hokitika site. We still haven’t managed to tag a female – they’re so elusive. But tagging males helps because their presence indicates the right conditions for spawning, meaning females are likely to show up soon. 

    Suze was granted animal ethics approval to tag up to 50 shortjaws. She tagged a total of 41 in February 2024 and 2025. Of those, 39 are giving signals from live fish.  

    New Zealand’s native species, like shortjaw kōkopu, are unique and special, with 88 per cent of our fishes found nowhere else in the world. DOC freshwater rangers throughout the country are identifying populations of shortjaw kōkopu so DOC can work with iwi, hāpu, councils, landowners and community groups to protect them. 

    Background information

    Shortjaw kōkopu are a migratory galaxiid species (named for their skin which looks like a galaxy of stars). Their largest populations are in Northland, Taranaki, Wairarapa, Tasman, Marlborough and the West Coast.

    PIT tags are the same technology used to microchip dogs and cats, with a variety of sizes as appropriate for the animal.

    As the fish being tagged are adults, and it is the juvenile fish which are eaten as part of the whitebait catch, there is no chance of a PIT tag being eaten by a human.

    Contact

    For media enquiries contact:

    Email: media@doc.govt.nz

    MIL OSI New Zealand News –

  • MIL-OSI: TransAlta to Host Second Quarter 2025 Results Conference Call

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 03, 2025 (GLOBE NEWSWIRE) — TransAlta Corporation (“TransAlta”) (TSX:TA)(NYSE:TAC) will release its second quarter 2025 results before markets open on Friday, August 1, 2025. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET).

    Second Quarter 2025 Conference Call:
    Webcast link: https://edge.media-server.com/mmc/p/zpy9addj

    To access the conference call via telephone, please register ahead of time using the call link below: https://register-conf.media-server.com/register/BI215de673b3704e0da46b2a02e0f35bb0. Once registered, participants will have the option of 1) dialing into the call from their phone (via a personalized PIN); or 2) clicking the “Call Me” option to receive an automated call directly to their phone.

    Related materials will be available on the Investor Centre section of TransAlta’s website at https://transalta.com/investors/presentations-and-events/. If you are unable to participate in the call, the replay will be accessible at https://edge.media-server.com/mmc/p/zpy9addj. A transcript of the broadcast will be posted on TransAlta’s website once it becomes available.

    About TransAlta Corporation:

    TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for businesses. Our reporting on climate change management has been guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 70 per cent reduction in GHG emissions or 22.7 million tonnes CO2e since 2015 and received an upgraded MSCI ESG rating of AA.

    For more information about TransAlta, visit its website at transalta.com.

    Note: All financial figures are in Canadian dollars unless otherwise indicated.

    For more information:

    Investor Inquiries: Media Inquiries:
    Phone: 1-800-387-3598 in Canada and U.S. Phone: 1-855-255-9184
    Email: investor_relations@transalta.com Email: ta_media_relations@transalta.com
       

    The MIL Network –

  • MIL-OSI: Preferred Bank Announces 2025 Second Quarter Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, July 03, 2025 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the second quarter ended June 30, 2025 before the open of market on Monday, July 21, 2025. That same day, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet.

    Interested participants and investors may access the conference call by dialing 888-243-4451 (domestic) or
    412-542-4135 (international) and referencing “Preferred Bank.” There will also be a live webcast of the call available at the Investor Relations section of Preferred Bank’s website at www.preferredbank.com.

    Preferred Bank’s Chairman and CEO Li Yu, President and Chief Operating Officer Wellington Chen, Chief Financial Officer Edward J. Czajka, Chief Credit Officer Nick Pi and Deputy Chief Operating Officer Johnny Hsu will discuss Preferred Bank’s financial results, business highlights and outlook. After the live webcast, a replay will be available at the Investor Relations section of Preferred Bank’s website. A replay of the call will also be available at 877-344-7529 (domestic) or 412-317-0088 (international) through July 28, 2025; the passcode is 9171084.

    About Preferred Bank

    Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, California, and through twelve full-service branch banking offices in the California cities of Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine (2 branches), Diamond Bar, Pico Rivera, Tarzana and San Francisco (2 branches) and two branches in New York (Flushing and Manhattan) and one branch in the Houston suburb of Sugar Land, Texas. Additionally, the Bank operates a Loan Production Office in Sunnyvale, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia.

    AT THE COMPANY: AT FINANCIAL PROFILES:
    Edward J. Czajka Jeffrey Haas
    Executive Vice President General Information
    Chief Financial Officer (310) 622-8240
    (213) 891-1188 PFBC@finprofiles.com

    The MIL Network –

  • MIL-OSI: Lumine Group Completes the Purchase of Datafusion Systems

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 03, 2025 (GLOBE NEWSWIRE) — Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, today announced that it has completed the purchase of Datafusion Systems (“Datafusion”).

    Headquartered in Dubai, UAE, and backed by over 30 years of expertise, Datafusion provides critical secure communication and intelligence solutions for telecom operators, law enforcement and government agencies.

    This acquisition will enhance Lumine’s presence in the signaling and security sector, broadening the ecosystem’s product offerings and market reach. In addition, with Datafusion headquartered in Dubai, this marks Lumine Group’s first acquisition in the UAE.

    About Lumine Group

    Lumine Group acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at www.luminegroup.com.

    About Datafusion Systems

    Datafusion Systems has more than 30 years of experience in the field of communication and data analytics solutions. Datafusion’s field-proven products are based on state-of-the-art developments at the forefront of communication analysis technologies. Our mission is to provide data intelligence to both law enforcement authorities and enterprise customers.

    Forward Looking Statements

    Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual events to be materially different from any future events expressed or implied by such forward looking statements. Words such as “may”, “will”, “expect”, “believe”, “plan”, “intend”, “should”, “anticipate” and other similar terminology are intended to identify forward looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future results, and will not necessarily be accurate indications of whether or not such results will be achieved, or when such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Lumine Group assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.

    Media Relations Contact

    Erini Andriopoulos
    Senior Director, Marketing & Communications
    Lumine Group
    +1-437-353-4910
    erini.andriopoulos@luminegroup.com

    The MIL Network –

  • MIL-OSI: Lumine Group Completes the Purchase of Datafusion Systems

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 03, 2025 (GLOBE NEWSWIRE) — Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, today announced that it has completed the purchase of Datafusion Systems (“Datafusion”).

    Headquartered in Dubai, UAE, and backed by over 30 years of expertise, Datafusion provides critical secure communication and intelligence solutions for telecom operators, law enforcement and government agencies.

    This acquisition will enhance Lumine’s presence in the signaling and security sector, broadening the ecosystem’s product offerings and market reach. In addition, with Datafusion headquartered in Dubai, this marks Lumine Group’s first acquisition in the UAE.

    About Lumine Group

    Lumine Group acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at www.luminegroup.com.

    About Datafusion Systems

    Datafusion Systems has more than 30 years of experience in the field of communication and data analytics solutions. Datafusion’s field-proven products are based on state-of-the-art developments at the forefront of communication analysis technologies. Our mission is to provide data intelligence to both law enforcement authorities and enterprise customers.

    Forward Looking Statements

    Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual events to be materially different from any future events expressed or implied by such forward looking statements. Words such as “may”, “will”, “expect”, “believe”, “plan”, “intend”, “should”, “anticipate” and other similar terminology are intended to identify forward looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future results, and will not necessarily be accurate indications of whether or not such results will be achieved, or when such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Lumine Group assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.

    Media Relations Contact

    Erini Andriopoulos
    Senior Director, Marketing & Communications
    Lumine Group
    +1-437-353-4910
    erini.andriopoulos@luminegroup.com

    The MIL Network –

  • MIL-OSI: Diversified Royalty Corp. Announces July 2025 Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, July 03, 2025 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to confirm that DIV’s annual dividend has increased from 25.0 cents per share to 27.5 cents per share effective July 1, 2025 as previously announced on June 17, 2025. In accordance with the dividend increase, DIV is pleased to announce that its board of directors has approved a cash dividend of $0.02292 per common share for the period of July 1, 2025 to July 31, 2025, which is equal to $0.275 per common share on an annualized basis. The dividend will be paid on July 31, 2025 to shareholders of record as of the close of business on July 15, 2025.

    About Diversified Royalty Corp.

    DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.

    DIV currently owns the Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito and Cheba Hut trademarks. Mr. Lube + Tires is the leading quick lube service business in Canada, with locations across Canada. AIR MILES® is Canada’s largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is a home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is one of Canada’s leading franchisee supplemental education services. Stratus Building Solutions is a leading commercial cleaning service franchise company providing comprehensive janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada. Cheba Hut is a fast casual toasted sub sandwich franchise with locations in the United States.

    DIV’s objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per share allows.

    Forward-Looking Statements

    Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, ”project”, “should”, “believe”, “confident”, “plan” and “intends” and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information in this news release includes, but is not limited to, statements made in relation to: the amount and timing of the July 2025 dividend to be paid to DIV’s shareholders; DIV’s objective to continue to pay predictable and stable monthly dividends to shareholders; and DIV’s corporate objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of DIV to differ materially from those anticipated or implied by such forward-looking information.

    DIV believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct. In particular there can be no assurance that: DIV will be able to make monthly dividend payments to the holders of its common shares; or DIV will achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking information included in this news release are not guarantees of future performance, and such forward-looking information should not be unduly relied upon. More information about the risks and uncertainties affecting DIV’s business and the businesses of its royalty partners can be found in the “Risk Factors” section of its Annual Information Form dated March 24, 2025 and in its most recent Management’s Discussion and Analysis, copies of each of which are available under DIV’s profile on SEDAR+ at www.sedarplus.com.

    In formulating the forward-looking information contained herein, management has assumed that, among other things, DIV will generate sufficient cash flows from its royalties to service its debt and pay dividends to shareholders; the business and economic conditions affecting DIV and its royalty partners will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

    All of the forward-looking statements made in this news release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, DIV. The forward-looking information included in this news release is presented as of the date of this news release and DIV assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

    THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

    Additional Information

    Additional information relating to the Corporation and other public filings, is available on SEDAR+ at www.sedarplus.com.

    Contact:
    Sean Morrison, Chief Executive Officer and Director
    Diversified Royalty Corp.
    (236) 521-8470

    Greg Gutmanis, President and Chief Financial Officer
    Diversified Royalty Corp.
    (236) 521-8471

    The MIL Network –

  • MIL-OSI: Origin Investment Corp I Announces Closing of $60,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Singapore, July 03, 2025 (GLOBE NEWSWIRE) — Origin Investment Corp I (the “Company”), a newly organized special purpose acquisition company, today announced the closing of its initial public offering (“IPO”) of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share and one-half of one redeemable warrant. The units began trading on the Nasdaq Global Market (“Nasdaq”) on July 2, 2025 under the ticker symbol “ORIQU”. Each whole warrant entitles the holder thereof to purchase one ordinary share at a price of $11.50 per share, subject to adjustment as described in the prospectus. Only whole warrants are exercisable. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination, and will expire five years after the completion of the Company’s initial business combination or earlier upon redemption or the Company’s liquidation. Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “ORIQ” and “ORIQW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. In addition, the Company has granted the underwriters a 45-day option to purchase up to 900,000 additional units at the IPO price to cover over-allotments, if any.

    The Company intends to use the net proceeds from the offering, and the simultaneous private placement of units, to pursue and consummate a business combination with one or more businesses.

    ThinkEquity acted as the sole book-running manager for the offering.

    A registration statement on Form S-1 (File No. 333-284189) relating to the units was filed with the Securities and Exchange Commission (“SEC”) and became effective on July 1, 2025. This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus has been filed with the SEC and is available on the SEC’s website located at http://www.sec.gov.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Origin Investment Corp I

    The Company is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While the Company will not limit its search for a target company to any particular business segment, the Company intends to focus its search for a target business in Asia. However, the Company will not consummate its initial business combination with an entity or business in China or with China operations consolidated through a variable interest entity structure.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO, the anticipated use of the net proceeds thereof and search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:

    Edward Chang, CEO
    +65 7825-5768
    eychang@originequity.partners

    The MIL Network –

  • MIL-OSI: Magnetic North Acquisition Corp. Announces Cease Trade Order

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta and TORONTO, July 03, 2025 (GLOBE NEWSWIRE) — Magnetic North Acquisition Corp. (TSXV: MNC; MNC.PR.A) (“Magnetic North” or the “Company”) announces that the Alberta Securities Commission (the “ASC”) has issued a cease trade order against the Company for the Company’s failure to file its audited annual financial statements, accompanying management discussion and analysis and certifications for the financial year ended December 31, 2024, and the corresponding condensed interim financial statements, management discussion and analysis and certifications for the three month period ended March 31, 2025. As previously announced, the Company experienced unexpected delays in the preparation of its 2024 annual filings, due April 30, 2025.

    The cease trade order prohibits the trading or purchase by any person or company of any securities of Magnetic North in each jurisdiction in Canada in which the Company is a reporting issuer for as long as the cease trade order remains in effect; however, the cease trade order provides an exception for beneficial securityholders of the Company who are not currently (and who were not as of July 2, 2024) insiders or control persons of the Company may sell securities of the Company if both of the following criteria are met: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. The cease trade order revokes the management cease trade order previously issued by the ASC and will remain in place until such time as the required filings have been filed, following which the Company expects that the ASC will revoke the cease trade order.

    The Company also confirms, as of the date of this news release, that there is no other material information concerning the affairs of the Company that has not been generally disclosed.

    About Magnetic North Acquisition Corp.

    Magnetic North invests and manages businesses on behalf of its shareholders and believes that capital alone does not always lead to success. With offices in Calgary and Toronto, our experienced management team applies its considerable management, operations and capital markets expertise to ensure its investee companies are as successful as possible for shareholders. Magnetic North common shares and preferred shares trade on the TSX Venture Exchange under the stock symbol MNC and MNC.PR.A, respectively. Magnetic North was a “2021 TSX Venture 50” recipient.
    For more information about Magnetic North, visit its website at www.magneticnac.com. Magnetic North’s securities filings can also be accessed at www.sedarplus.ca.‎


    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news     release.

    CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION

    Certain statements in this news release are “forward-looking statements”, which reflect current ‎‎expectations of the ‎management of Magnetic North regarding future events or Magnetic North’s ‎‎future performance. All statements other than ‎statements of historical fact contained in this news ‎‎release may be forward-looking statements. Such forward-looking ‎‎statements involve known and ‎unknown risks, uncertainties and other factors that may cause ‎actual results or ‎events to differ ‎materially from those anticipated in the forward-looking ‎statements. Magnetic North believes ‎that the ‎expectations reflected in such forward-looking ‎statements are reasonable, but no ‎assurance can be given that these ‎expectations will prove to ‎be correct and such forward-‎looking statements should not be unduly relied upon. The ‎forward-‎looking statements are ‎expressly qualified in their entirety by this cautionary statement. The ‎forward-‎looking statements ‎are made as of the date of this news release and Magnetic North ‎assumes no obligation to ‎update or ‎revise them to reflect new events or circumstances, except ‎as expressly required by ‎applicable securities law. ‎Further information regarding risks and ‎uncertainties relating to ‎Magnetic North and its securities can be found in the ‎disclosure ‎documents filed by Magnetic ‎North with the securities regulatory authorities, available at ‎www.sedar.com‎.‎

    The MIL Network –

  • MIL-OSI USA: Bean Applauds Passage of Bill to Uplift and Empower Northeast Floridians

    Source: United States House of Representatives – Representative Aaron Bean Florida (4th District)

    WASHINGTON—Member of the House Ways and Means Committee, U.S. Congressman Aaron Bean (FL-04) released the following statement after the House voted on the final passage of H.R. 1, the One Big Beautiful Bill Act. 

    Upon final passage, Congressman Bean said: “Hardworking taxpayers deserve a government that works for you, and the One Big Beautiful Bill ensures you can keep more of what you earn. We are locking in permanent tax cuts and protecting the financial strength of Northeast Florida’s families, businesses, and seniors. But its impact goes far beyond our region—it’s a blueprint for restoring prosperity across the nation. This Independence Day, America will celebrate not only its founding, but its future.”

    KEY BACKGROUND 

    Major Wins in the One Big Beautiful Bill: 

    • The typical family will get up to $10,900 in additional take-home pay.
    • Workers will see increased wages up to $7,200.
    • Households earning less than $ 100,000 get at least a 12 percent tax cut compared to today. People who make over $1 million annually, will pay a greater share of the tax burden than they do now.
    • Up to 7.2 million jobs protected and created, and 1 million new jobs annually by small businesses.
    • No tax on tips, overtime pay, car loan interest, and tax relief for seniors will put more money annually in Americans’ pockets, specifically $1,300 per tipped worker, and up to $1,400 for hourly workers.
    • Locks in and further boosts the doubled Child Tax Credit to $2,200 for more than 40 million American families.
    • Locks in and further boosts the doubled Standard Deduction, increasing it to $31,500 for families.
    • Expands 529 education savings accounts to empower American families and students to choose the education that best fits their needs, whether it is K-12 materials or obtaining a postsecondary trades credential.
    • Supports working families and small businesses by expanding access to the childcare credit and making permanent the paid leave tax credit. Enhances the Adoption tax credit and indexes it for inflation to help more families experience the joy of adoption, and grows the child and dependent care credit as well as FSAs.
    • Puts American families in control of their health care by expanding health savings accounts.
    • Eliminates fraud and waste in Obamacare and blocks access to taxpayer-funded health benefits for illegal immigrants.
    • Starts building financial security for America’s children at birth with the creation of new Trump savings accounts.

    The legislation passed 218 to 214, underscoring House Republicans’ steady push to deliver economic freedom for everyday Americans, families, seniors, and small business owners.

     

    ###

     

    MIL OSI USA News –

  • MIL-OSI USA: Bean Applauds Passage of Bill to Uplift and Empower Northeast Floridians

    Source: United States House of Representatives – Representative Aaron Bean Florida (4th District)

    WASHINGTON—Member of the House Ways and Means Committee, U.S. Congressman Aaron Bean (FL-04) released the following statement after the House voted on the final passage of H.R. 1, the One Big Beautiful Bill Act. 

    Upon final passage, Congressman Bean said: “Hardworking taxpayers deserve a government that works for you, and the One Big Beautiful Bill ensures you can keep more of what you earn. We are locking in permanent tax cuts and protecting the financial strength of Northeast Florida’s families, businesses, and seniors. But its impact goes far beyond our region—it’s a blueprint for restoring prosperity across the nation. This Independence Day, America will celebrate not only its founding, but its future.”

    KEY BACKGROUND 

    Major Wins in the One Big Beautiful Bill: 

    • The typical family will get up to $10,900 in additional take-home pay.
    • Workers will see increased wages up to $7,200.
    • Households earning less than $ 100,000 get at least a 12 percent tax cut compared to today. People who make over $1 million annually, will pay a greater share of the tax burden than they do now.
    • Up to 7.2 million jobs protected and created, and 1 million new jobs annually by small businesses.
    • No tax on tips, overtime pay, car loan interest, and tax relief for seniors will put more money annually in Americans’ pockets, specifically $1,300 per tipped worker, and up to $1,400 for hourly workers.
    • Locks in and further boosts the doubled Child Tax Credit to $2,200 for more than 40 million American families.
    • Locks in and further boosts the doubled Standard Deduction, increasing it to $31,500 for families.
    • Expands 529 education savings accounts to empower American families and students to choose the education that best fits their needs, whether it is K-12 materials or obtaining a postsecondary trades credential.
    • Supports working families and small businesses by expanding access to the childcare credit and making permanent the paid leave tax credit. Enhances the Adoption tax credit and indexes it for inflation to help more families experience the joy of adoption, and grows the child and dependent care credit as well as FSAs.
    • Puts American families in control of their health care by expanding health savings accounts.
    • Eliminates fraud and waste in Obamacare and blocks access to taxpayer-funded health benefits for illegal immigrants.
    • Starts building financial security for America’s children at birth with the creation of new Trump savings accounts.

    The legislation passed 218 to 214, underscoring House Republicans’ steady push to deliver economic freedom for everyday Americans, families, seniors, and small business owners.

     

    ###

     

    MIL OSI USA News –

  • MIL-OSI USA: Bean Applauds Passage of Bill to Uplift and Empower Northeast Floridians

    Source: United States House of Representatives – Representative Aaron Bean Florida (4th District)

    WASHINGTON—Member of the House Ways and Means Committee, U.S. Congressman Aaron Bean (FL-04) released the following statement after the House voted on the final passage of H.R. 1, the One Big Beautiful Bill Act. 

    Upon final passage, Congressman Bean said: “Hardworking taxpayers deserve a government that works for you, and the One Big Beautiful Bill ensures you can keep more of what you earn. We are locking in permanent tax cuts and protecting the financial strength of Northeast Florida’s families, businesses, and seniors. But its impact goes far beyond our region—it’s a blueprint for restoring prosperity across the nation. This Independence Day, America will celebrate not only its founding, but its future.”

    KEY BACKGROUND 

    Major Wins in the One Big Beautiful Bill: 

    • The typical family will get up to $10,900 in additional take-home pay.
    • Workers will see increased wages up to $7,200.
    • Households earning less than $ 100,000 get at least a 12 percent tax cut compared to today. People who make over $1 million annually, will pay a greater share of the tax burden than they do now.
    • Up to 7.2 million jobs protected and created, and 1 million new jobs annually by small businesses.
    • No tax on tips, overtime pay, car loan interest, and tax relief for seniors will put more money annually in Americans’ pockets, specifically $1,300 per tipped worker, and up to $1,400 for hourly workers.
    • Locks in and further boosts the doubled Child Tax Credit to $2,200 for more than 40 million American families.
    • Locks in and further boosts the doubled Standard Deduction, increasing it to $31,500 for families.
    • Expands 529 education savings accounts to empower American families and students to choose the education that best fits their needs, whether it is K-12 materials or obtaining a postsecondary trades credential.
    • Supports working families and small businesses by expanding access to the childcare credit and making permanent the paid leave tax credit. Enhances the Adoption tax credit and indexes it for inflation to help more families experience the joy of adoption, and grows the child and dependent care credit as well as FSAs.
    • Puts American families in control of their health care by expanding health savings accounts.
    • Eliminates fraud and waste in Obamacare and blocks access to taxpayer-funded health benefits for illegal immigrants.
    • Starts building financial security for America’s children at birth with the creation of new Trump savings accounts.

    The legislation passed 218 to 214, underscoring House Republicans’ steady push to deliver economic freedom for everyday Americans, families, seniors, and small business owners.

     

    ###

     

    MIL OSI USA News –

  • MIL-OSI USA: Kaptur Defends Ohio’s Working Families, Seniors, Veterans, Votes No On “One Big Bonanza for Billionaires Bill”

    Source: United States House of Representatives – Congresswoman Marcy Kaptur (OH-09)

    Washington, DC – Congresswoman Marcy Kaptur (OH-09) voted against H.R. 1, citing its severe impact on working families, seniors, veterans, and the regional economy of Northwest Ohio. The bill prioritizes tax breaks for the ultra-wealthy while enacting the most damaging cuts to health care, food assistance, and infrastructure investment in recent history. The nonpartisan Congressional Budget Office has said that this legislation will add $3.4 Trillion to the US Debt.

    “This bill is callously cruel — an immoral transfer of wealth from the working class to the ultra-rich. It strips health care from 17 Million Americans, kills Millions of good-paying jobs, and adds Trillions to the national debt, all while handing tax breaks to Billionaires. I came to Washington to fight for Northwest Ohio — not to rubber-stamp the destruction of our hospitals, energy jobs, and food assistance,” said Congresswoman Marcy Kaptur (OH-09)

    Unprecedented Cuts to Health Care

    The bill strips health coverage from nearly 17 million Americans, including 216,000 residents of Ohio’s 9th Congressional District. It cuts more than $1 Trillion from Medicaid, Medicare, and the Affordable Care Act, placing children, seniors, and people with disabilities at heightened risk. The legislation also increases out-of-pocket costs for individuals earning as little as $1,300 per month and could force vulnerable individuals out of long-term care facilities.

    These provisions are expected to destabilize already struggling rural hospitals and increase reliance on emergency rooms — further burdening a fragile healthcare system and leaving Millions in medical debt.

    Massive Reductions in Food Assistance

    The bill reduces funding for the Supplemental Nutrition Assistance Program (SNAP) for our seniors, veterans, and children by $186 Billion over 10 years, jeopardizing access for 316,000 Ohioans — nearly one in four residents. It also freezes benefit levels despite rising grocery costs, representing an estimated $18 Million monthly loss to local grocers and food retailers.

    The legislation imposes new administrative red tape that will disproportionately affect older adults, low-wage earners, and those with unstable employment.

    Rollback of Clean Energy and Infrastructure Investment

    The legislation repeals key clean energy tax credits and incentives that spurred over $500 Billion in US investment and supported thousands of Ohio jobs. Households in the 9th District will likely see an average $400 increase in annual electricity bills, while the elimination of energy efficiency and residential clean energy credits means the loss of over $150 Million in tax relief to Ohioans in 2023 alone.

    Construction labor and infrastructure development are also under threat, with an estimated 1.75 Million jobs and over 3 Billion work hours at risk nationwide — equivalent to $148 Billion in lost wages and benefits.

    A Misguided and Regressive Economic Strategy

    This legislation comes at a time when the national debt — now over $36 Trillion — is largely the result of previous tax cuts, costly wars, and financial crises. Rather than addressing the structural causes of debt, this bill adds $3.4 Trillion to the debt, while slashing services that millions of Americans depend on, and shielding the wealthiest from fiscal responsibility.

    Congresswoman Kaptur voted no to protect the people of Northwest Ohio from a bill that will deepen inequality, hollow out public services, and erode the dignity of working people across the country.

    You can find Congresswoman Kaptur’s remarks during final House Floor debate by clicking here. You can find video of Kaptur’s opening statement and amendments offered on clean energy cuts, and protecting taxpayer data at the Social Security Administration, in the House Budget Committee markup by clicking the individual links. You can find a link to analysis of the legislation by the nonpartisan Congressional Budget Office by clicking here.

    # # #

     

    MIL OSI USA News –

  • PM Modi arrives in Trinidad and Tobago, receives ceremonial welcome

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi arrived in Trinidad and Tobago on Thursday (local time) for the second leg of his five-nation tour, receiving a ceremonial welcome from his counterpart Kamla Persad-Bissessar and senior members of the government.

    The PM was greeted at the Port of Spain airport by Persad-Bissessar, who was joined by 38 ministers and four members of parliament.

    The visit marks PM Modi’s first to the Caribbean nation as prime minister, and the first bilateral visit at the prime ministerial level since 1999.

    Persad-Bissessar wore traditional Indian attire to receive the PM Modi, in a gesture seen as a mark of respect for Indian culture. The Prime Minister was also accorded a guard of honour upon arrival.

    During his two-day visit, PM Modi will hold talks with President Christine Carla Kangaloo and Prime Minister Persad-Bissessar. 

    The PM is also expected to address a joint sitting of Trinidad and Tobago’s Parliament.

  • PM Modi arrives in Trinidad and Tobago, receives ceremonial welcome

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi arrived in Trinidad and Tobago on Thursday (local time) for the second leg of his five-nation tour, receiving a ceremonial welcome from his counterpart Kamla Persad-Bissessar and senior members of the government.

    The PM was greeted at the Port of Spain airport by Persad-Bissessar, who was joined by 38 ministers and four members of parliament.

    The visit marks PM Modi’s first to the Caribbean nation as prime minister, and the first bilateral visit at the prime ministerial level since 1999.

    Persad-Bissessar wore traditional Indian attire to receive the PM Modi, in a gesture seen as a mark of respect for Indian culture. The Prime Minister was also accorded a guard of honour upon arrival.

    During his two-day visit, PM Modi will hold talks with President Christine Carla Kangaloo and Prime Minister Persad-Bissessar. 

    The PM is also expected to address a joint sitting of Trinidad and Tobago’s Parliament.

  • MIL-OSI USA: Tax Relief for the Heart of America

    Source: Congressman Nathaniel Moran (R-TX-01)

    Congressman Nathaniel Moran (R-TX-01) released the following statement after the House passed the final version of the “One, Big, Beautiful Bill” sending it to President Trump’s desk:

    “Today, we renewed our commitment to the American people: to the families working hard to make ends meet, to the small businesses striving to grow, and to the next generation who deserve to inherit a stronger, freer nation.

    With the final passage of the One, Big, Beautiful Bill, we are charting a bold course of individual prosperity and economic growth. One that lowers taxes, empowers families, strengthens rural communities, and reignites the engines of American industry. Failing to pass this bill would result in the largest tax increase in American history, and that’s not acceptable to me.

    This bill isn’t about Washington. It’s about the welder, lineman, teacher, small business owner, farmer, and every other hardworking East Texan. It’s about making sure they get to keep more of what they earn so they and their families can realize the American Dream with less interference from the federal government. 

    Like any major legislation, this bill is not perfect. But the outcome is a clear win for the American people. It reflects our belief that personal prosperity should never be punished; that government should never stand in the way of grit and hard work; and that the American Dream must remain within reach for every citizen, no matter their zip code.”

    Background on the “One, Big, Beautiful Bill”: 

     

    For Small Businesses:

    ·    Makes permanent the 199A small business deduction, supporting over 30 million small businesses and generating $284 billion in additional manufacturing-based economic growth

    ·    Reinstates immediate expensing for R&D, making it easier for businesses to invest in research practices that will make America dominant again

    ·    Revitalizes American manufacturing by allowing 100% immediate expensing for new factories, equipment, and facility improvements

    ·    Doubles the Small Business Expensing threshold to $2.5 million, allowing greater breathing room for small businesses so they can invest more in their employees

    ·    Reduces administrative burdens by repealing the Democrats’ $600 1099-K gig worker rule, and re-setting it to $2,000 threshold

    For Families:

    ·    Expands tax relief for families and seniors, including: no tax on tips, no tax on car loan interest, tax relief for those working overtime, and additional tax relief for seniors

    ·    Expands the enhanced standard deduction and increases the Child Tax Credit for over 40 million families

    ·    Empowers working families through permanent paid leave tax credits, expanded childcare access, and new savings accounts for every child at birth

    ·    Increases access to the Adoption Tax Credit for those families looking to change the lives of our little ones through the gift of adoption

    For Rural America:

    ·    Protects family farms and rural small businesses by making the doubled Death Tax exemption permanent

    ·    Revives and expands Opportunity Zones to bring $100 billion in investment to rural and distressed communities

    ·    Unleashes rural growth with 100% expensing for new factories, agricultural improvements, and equipment—empowering producers to expand and invest

    ###

    MIL OSI USA News –

  • MIL-OSI Russia: Islamic Republic of Mauritania: IMF Executive Board Completes Fourth Reviews of the Extended Arrangement under the Extended Credit Facility and the Extended Fund Facility Arrangement and Third Review of the Resilience and Sustainability Facility Arrangement

    Source: IMF – News in Russian

    July 3, 2025

    • The Executive Board of the International Monetary Fund (IMF) concluded the Fourth Reviews of Mauritania’s Extended Credit Facility and the Extended Fund Facility arrangements, and the Third Review under the Resilience and Sustainability Facility Arrangement. The decisions allow for an immediate disbursement of SDR 36.16 million (about US$ [49.2] million).
    • Rule-based fiscal consolidation, supported by robust tax collection, and flexibilization of the exchange rate —alongside ongoing reforms to monetary operations and banking supervision—have strengthened the Mauritanian economy resilience, amid heightened global uncertainties and regional security risks.
    • A strong reform agenda, including the recent adoption by the parliament of key anti-corruption laws, should bolster governance and help promote private sector investments.

    Washington, DC: The IMF Executive Board completed today the Fourth Reviews under the 42‑month blended Extended Credit Facility arrangement (ECF) and the Extended Fund Facility arrangement (EFF), and the Third Review under the Resilience and Sustainability Facility arrangement (RSF). The ECF/EFF were approved by the IMF Executive Board in January 2023 (see PR 23/15) and the RSF was approved in December 2023 (see PR23/465). The completion of the reviews allows for the immediate disbursement of SDR 36.16 million (about US$ 49.8 million) of which SDR 6.44 million (about US$ 8.9 million) under the ECF/EFF and SDR 29.72 million (about US$ 40.9 million) under the RSF, bringing the cumulative disbursements to SDR 125.9 million (about US$ 166.5 million).

    The Mauritanian economy has proven resilient, notwithstanding heightened global uncertainty and increasing regional security risks, with economic activity estimated to have decelerated slightly to 5.2 percent in 2024. Following a further deceleration to 4.0 percent in 2025, growth is expected to remain favorable in the medium term, supported by the government infrastructure drive and by private investment. Inflation is expected to remain contained within the Central Bank’s target. The reforms in the areas of governance, monetary and financial sector, investment policies, and vocational training are expected to support efforts to diversify the economy away from the extractive industries.

    Program performance has been strong, with all end-December 2024 quantitative targets met, and most of the structural benchmarks under the ECF/EFF implemented. Reforms under the RSF are also progressing.

    At the conclusion of the Executive Board’s discussion, Mr. Okamura, Deputy Managing Director and Chair stated:

    “Program performance under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) arrangements has been strong. Supported by the authorities’ prudent and well-calibrated policies, Mauritania’s economy continued to grow in 2024, albeit at a slower pace than in 2023, while inflation decreased. The fiscal performance, including the implementation of a fiscal anchor, is supporting the authorities’ medium-term goal of stabilizing debt. The current account widened in 2024, but international reserves remained at comfortable levels.”

    “The authorities’ prudent fiscal stance, underpinned by the fiscal anchor, helps insulate public spending from commodity price volatility and contributes to stabilizing debt. Continuing with this prudent fiscal policy, and complementing it with reforms in tax policy and administration, would create fiscal space for social spending and public investment while safeguarding the credibility of the medium-term budget framework.”

    “With inflation easing, the Central Bank of Mauritania has begun lowering interest rates. Effective liquidity management, supported by continued development of monetary policy instruments, helps anchor inflation expectations while fostering the development of domestic debt markets. Continued reforms to deepen the foreign exchange market would enhance exchange rate flexibility and resilience to external shocks. Strengthening the banking sector’s resilience requires close monitoring of financial sector trends and consistent enforcement of prudential regulations.”

    “Decisive implementation of structural reforms is essential to support higher, more inclusive and diversified, private-sector-led growth. Priorities include operationalizing recent governance reforms, strengthening accountability and transparency, developing human capital, promoting financial inclusion, and enhancing the business climate.”

    “Effective implementation of the ECF and EFF arrangements, along with intensified reform efforts under the Resilience and Sustainability Facility, will help Mauritania address its medium- and long-term challenges and secure additional financing. These programs aim to maintain adequate international reserves, strengthen macroeconomic policy frameworks, and promote sustainable growth, thereby supporting the country’s climate agenda, human capital development, and poverty reduction.”

    Mauritania: Selected Economic Indicators, 2020–25

    2020

    2021

    2022

    2023

    2024

    2025

    3rd Review

    Est.

    Projections

    National accounts and prices

    (Annual change in percent)

    Real GDP 

    -0.4

    0.7

    6.8

    6.5

    4.6

    5.2

    4.0

    Real extractive GDP

    7.1

    -19.2

    18.3

    9.4

    -0.5

    3.2

    -1.0

    Real non-extractive GDP

    -1.7

    6.0

    3.8

    5.9

    5.7

    5.6

    5.1

    Consumer prices (end of period)

    1.8

    5.7

    11.0

    1.6

    3.0

    1.5

    3.5

    Central government operations

    (in percent of nonextractive GDP, unless otherwise indicated)

    Revenues and grants

    20.8

    22.7

    25.0

    22.5

    24.1

    22.5

    25.6

    Nonextractive

    16.6

    16.2

    18.2

    17.0

    18.9

    18.1

    19.9

    Taxes

    10.9

    11.7

    13.4

    12.6

    14.3

    14.1

    15.5

    Extractive

    2.1

    4.2

    5.1

    3.7

    3.4

    3.2

    3.8

    Expenditure and net lending

    18.5

    20.8

    28.7

    25.0

    25.4

    23.9

    26.1

       Of which: Current

    12.0

    13.0

    17.2

    16.4

    15.5

    15.1

    14.4

       Capital

    6.6

    7.8

    11.5

    8.7

    9.8

    8.8

    11.7

    Primary balance (excl. grants)

    1.2

    0.5

    -4.5

    -3.3

    -2.1

    -1.6

    -1.5

    Overall balance (in percent of GDP)

    2.2

    1.9

    -3.7

    -2.5

    -1.2

    -1.4

    -0.5

    Public sector debt (in percent of GDP)

    56.5

    52.4

    48.5

    46.4

    44.3

    42.1

    41.2

    External sector

     

     

     

     

     

     

     

     

     

     

     

    Current account balance (in percent of GDP)

    -6.8

    -8.6

    -14.9

    -8.8

    -7.7

    -9.5

    -6.2

    Excl. externally financed extractive capital goods imports

    2.2

    1.0

    -0.8

    -0.3

    -1.4

    -1.4

    -0.2

    Gross official reserves (in millions of US$, eop)

    1,542

    2,347

    1,877

    2,032

    2,039

    1,921

    1846

    In months of prospective non-extractive imports

    6.7

    8.2

    6.2

    6.4

    6.5

    6.4

    5.9

    External public debt (in millions of US$)

    4,113

    4,204

    3,970

    3,959

    3921

    3,980

    4050

    In percent of GDP

    49.1

    45.8

    42.3

    40.0

    36.3

    36.3

    34.5
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

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

    https://www.imf.org/en/News/Articles/2025/07/03/pr25240-mauritania-imf-comp-4th-rev-of-ext-arr-under-ecf-and-eff-arr-and-3rd-rev-of-rsf-arr

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA News: Presidential Message on the 162nd Anniversary of the Battle of Gettysburg

    Source: US Whitehouse

    Today, our Nation solemnly commemorates the 162nd anniversary of the Battle of Gettysburg—the single deadliest battle of the Civil War and a defining milestone in America’s epic struggle to preserve our Union and secure the sacred blessings of freedom and democracy. 

    In the spring of 1863, the Civil War had been raging for over 2 years, and the future of the United States hung in the balance.  Emboldened by a string of recent Confederate victories, General Robert E. Lee’s Army of Northern Virginia launched an invasion of the North with a set of clear goals: push the fighting from war-torn Virginia past the Mason-Dixon line, defeat the Union troops on their own soil, and force President Abraham Lincoln into peace negotiations.

    With the very fate of the Republic at stake, the Union forces remained steadfast in their resolve to defend the freedom of their fellow countrymen as their last full measure of devotion.  The Union Army of the Potomac—led first by General Joseph Hooker and then by General George Meade—marched north to pursue the Confederate forces.  Divisions of the two forces met near Gettysburg, Pennsylvania, on July 1, 1863.

    What began as an unplanned encounter quickly erupted into an epochal struggle with the entire war and the very fate of our Nation at stake.  As Union defensive lines, known as the famed “fishhook,” came under attack by Confederate forces from three directions, brother met brother amid fierce clashes in places whose names have been indelibly marked in the chapters of American history: Little Round Top, Devil’s Den, and the Peach Orchard, to name but a few.  With the failure of Pickett’s Charge on Cemetery Ridge on July 3, the battle was won, the high-water mark of the Confederacy had been reached, and the course of the remaining years of the Civil War was set.  The Confederacy would never recover from their loss at Gettysburg—paving the way to the ultimate surrender of Lee’s Army at Appomattox Court House on April 9, 1865, and the end of the Confederacy itself.

    From July 1-3, 1863, of the estimated 51,000 casualties on both side, 7,058 souls were lost—3,155 Union and 3,903 Confederate were, making the Battle of Gettysburg the bloodiest battle to ever take place on American soil.  Just months later, in November of 1863, President Lincoln would stand on these hallowed grounds and immortalize these heroic sacrifices in his historic Gettysburg Address, proclaiming that “we here highly resolve that these dead shall not have died in vain — that this nation, under God, shall have a new birth of freedom — and that government of the people, by the people, for the people, shall not perish from the earth.”

    These words continue to inspire citizens all across our land.  In the darkest days of our Nation’s history, thousands of courageous men left behind their homes and families for the noble causes of duty, honor, and country.  On the anniversary of the Battle of Gettysburg, we pay tribute to the patriots who valiantly shed their blood to cast out slavery and preserve our glorious Union.  Their unwavering courage, selfless sacrifice, and unfailing devotion to our founding principles define the eternal triumph of the American spirit. 

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Dr. Raul Ruiz Votes NO on Final Version of the Extreme Republican “Big, Beautiful Bill,” Citing Deep Medicaid Cuts, Harm to Families, and Ballooning Deficit

    Source: United States House of Representatives – Congressman Raul Ruiz (36th District of California)

    Washington, D.C. – Congressman Dr. Raul Ruiz (CA-25) today reaffirmed his opposition to the so-called “Big, Beautiful Bill,” voting NO on the final version passed out of the Senate and returning to the House for approval. Congressman Ruiz previously voted NO on the original House version, citing many of the same concerns.

    “I voted no on this big ugly bill because it would devastate our local communities. It would take health care away from 17 million Americans and cause 20% of rural hospitals to close, including potentially four in our district. That means fewer doctors, longer drives in an emergency, and more lives at risk. It guts clean energy investments, putting local jobs in jeopardy and raising energy costs for working families. It also cuts food assistance, taking food from the mouths of millions of hungry children, veterans, and seniors. Despite these drastic cuts, this bill raises the national debt by $5 trillion in order to give billions in tax cuts to billionaires. This is disgraceful. We should not be prioritizing tax breaks for billionaires over the needs of hardworking families.”

    Background:

    Massive Cuts to Medicaid and Hospital Funding

    • The bill slashes $1 Trillion from Medicaid
    • This bill will cut $150 million in Medicaid payments for rural hospitals and an additional $240 billion through provider tax caps, crippling rural hospitals.
    • An estimated 383 rural hospitals will close. In Ruiz’s district, El Centro Regional Medical Center, Pioneers Memorial, Colorado River Medical Center, and Palo Verde hospitals have already warned they are at risk.
    • 17 million Americans will lose health insurance, increasing uncompensated care and raising costs for everyone else.

    Skyrocketing Costs for Families

    • The bill raises utility bills by an average of $400 per year, and up to $678 in California by undermining clean energy efforts.

    Attacks on Food Assistance for Vulnerable Families:
    The final bill includes expanded work requirements for SNAP (Supplemental Nutrition Assistance Program), which could result in millions of Americans, including children and seniors, losing access to food assistance.

    Slashes funding for Pell Grants and Cuts Access to Parent Plus Loans 

    • Making college less affordable for low-income and working-class students striving for a better future.

    Exploding the Deficit While Giving Billionaires a Handout

    • Adds $3 to $5 trillion to the national deficit over the next decade.
    • Prioritizes tax breaks for billionaires over basic care for everyday Americans.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General Bonta Files Amicus Brief in Support of Challenge to Trump Administration’s Attempt to Remove PREA Protections

    Source: US State of California Department of Justice

    Thursday, July 3, 2025

    Contact: (916) 210-6000, agpressoffice@doj.ca.gov

    OAKLAND – California Attorney General Rob Bonta today, as part of a multistate coalition of 13 attorneys general, filed an amicus brief in Jane Doe, et al. v. Pamela Bondi, et al., in support of a challenge to the Trump Administration’s executive order targeting protections under the Prison Rape Elimination Act (PREA) and access to healthcare for transgender individuals in federal prisons. In their brief, the attorneys general urge the U.S. Court of Appeals for the District of Columbia Circuit to affirm the district court’s decision granting the plaintiffs’ motion for a preliminary injunction.  

    “The Trump Administration’s attempt to strip away protections under PREA not only undermines the progress we’ve made to safeguard the rights and wellbeing of individuals in our correctional facilities but also increases the risk of harm for vulnerable individuals,” said Attorney General Bonta. “These protections are crucial to preventing sexual assault and ensuring that we foster safer environments for incarcerated individuals and our staff in these correctional facilities.”

    In 2003, Congress enacted PREA to ensure that all incarcerated individuals, including those who are transgender, are better protected in correctional facilities. Protections implemented under PREA reduce the risk of sexual assault, promote the safety and security of prisons housing transgender incarcerated individuals, improve the safety of those transgender incarcerated individuals, and further the goal of effective prison administration. In January 2025, President Trump issued the Gender Ideology EO which (1) prohibits transgender individuals from being detained based on their gender identity in prisons or detention centers, (2) prohibits the Bureau of Prisons from recognizing transgender identity, and (3) ends federal fund use for gender affirming care in prisons.

    In the amicus brief, the coalition urges the U.S. Court of Appeals for the District of Columbia Circuit to affirm the district court’s preliminary injunction arguing that:

    • PREA protections are essential to the safety and well-being of all incarcerated individuals and protect all incarcerated individuals, especially transgender individuals, from sexual assault.
    • The Bureau of Prisons blanket policy undermines public safety as it prevents discretion in housing determinations making it more difficult to effectuate PREA’s purpose of eliminating sexual assault in prisons.
    • Amici States’ experiences demonstrate that case-by-case housing assessments consistent with PREA are effective at ensuring the safety of all those who are incarcerated, including incarcerated individuals who are transgender. 

    In filing the amicus brief, Attorney General Bonta joins the attorneys generals of Massachusetts, Hawaii, New York, Illinois, Rhode Island, Vermont, Maine, Minnesota, Oregon, Delaware, Maryland, and the District of Columbia.

    A copy of the brief can be found here.

    # # #

    MIL OSI USA News –

  • MIL-OSI Security: USCENTCOM Commander Conducts Middle East Trip to Visit U.S. Service Members and Strengthen Regional Partnerships

    Source: United States Central Command (CENTCOM)

    Commander, U.S. Central Command (USCENTCOM) Gen. Michael Erik Kurilla conducted a multi-nation trip through the Middle East and Eastern Mediterranean from June 30 to July 3, to visit the U.S. service members involved in the defense of U.S. forces and interests across the region as well as meet with key regional defense leaders in the Kingdom of Saudi Arabia, Qatar, the Hashemite Kingdom of Jordan, Israel, and Greece.

    MIL Security OSI –

  • MIL-OSI Security: TALLAHASSEE MAN SENTENCED FOR CARRYING A GLOCK SWITCH

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    TALLAHASSEE, FLORIDA – Jimmy Bender, 19, of Tallahassee, Florida was sentenced to 24 months in prison after previously pleading guilty to possessing a machinegun. The sentence was announced by John P. Heekin, United States Attorney for the Northern District of Florida.

    According to court records, officers with the Tallahassee Police Department (TPD), Violent Crimes Response Team, were patrolling in the southeastern portion of Tallahassee due to complaints of criminal activity in the area.  A TPD officer observed Bender commit a traffic violation and then stopped the vehicle. As the officers removed Bender from the vehicle, they discovered a Glock.40 caliber handgun with extended magazine. The handgun was also equipped with a machinegun conversion device, or “Glock switch,” which unlawfully enabled the firearm to shoot multiple rounds with a single trigger pull.

    U.S. Attorney Heekin said: “Thanks to the hard work of our brave state and federal law enforcement partners, our community can rest easy knowing this dangerous individual has been removed from our streets. Criminals considering carrying an illegally converted machinegun should know my office will aggressively prosecute them to the fullest extent of the law.”

    The conviction and sentence were the result of a joint investigation by the TPD Violent Crimes Response Team and the Bureau of Alcohol, Tobacco, Firearms, and Explosives. The case was prosecuted by Assistant United States Attorney Eric Welch.

    The United States Attorney’s Office for the Northern District of Florida is one of 94 offices that serve as the nation’s principal litigators under the direction of the Attorney General. To access public court documents online, please visit the U.S. District Court for the Northern District of Florida website. For more information about the United States Attorney’s Office for the Northern District of Florida, visit http://www.justice.gov/usao/fln/index.html.

    MIL Security OSI –

  • MIL-OSI Security: TALLAHASSEE MAN SENTENCED FOR CARRYING A GLOCK SWITCH

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    TALLAHASSEE, FLORIDA – Jimmy Bender, 19, of Tallahassee, Florida was sentenced to 24 months in prison after previously pleading guilty to possessing a machinegun. The sentence was announced by John P. Heekin, United States Attorney for the Northern District of Florida.

    According to court records, officers with the Tallahassee Police Department (TPD), Violent Crimes Response Team, were patrolling in the southeastern portion of Tallahassee due to complaints of criminal activity in the area.  A TPD officer observed Bender commit a traffic violation and then stopped the vehicle. As the officers removed Bender from the vehicle, they discovered a Glock.40 caliber handgun with extended magazine. The handgun was also equipped with a machinegun conversion device, or “Glock switch,” which unlawfully enabled the firearm to shoot multiple rounds with a single trigger pull.

    U.S. Attorney Heekin said: “Thanks to the hard work of our brave state and federal law enforcement partners, our community can rest easy knowing this dangerous individual has been removed from our streets. Criminals considering carrying an illegally converted machinegun should know my office will aggressively prosecute them to the fullest extent of the law.”

    The conviction and sentence were the result of a joint investigation by the TPD Violent Crimes Response Team and the Bureau of Alcohol, Tobacco, Firearms, and Explosives. The case was prosecuted by Assistant United States Attorney Eric Welch.

    The United States Attorney’s Office for the Northern District of Florida is one of 94 offices that serve as the nation’s principal litigators under the direction of the Attorney General. To access public court documents online, please visit the U.S. District Court for the Northern District of Florida website. For more information about the United States Attorney’s Office for the Northern District of Florida, visit http://www.justice.gov/usao/fln/index.html.

    MIL Security OSI –

  • MIL-OSI USA: Congresswoman Cherfilus-McCormick Releases Statement on Passage of Republicans’ One Big Ugly Bill

    Source: United States House of Representatives – Congresswoman Sheila Cherfilus-McCormick (D-Florida 20th district))

    WASHINGTON, DC ─ Today, Congresswoman Sheila Cherfilus-McCormick (D-FL) released the following statement regarding the passage of the Republicans’ One Big Ugly Bill. 
     
    “Today is a sad day for all Americans. At a time when Americans are struggling with rising costs—from healthcare to housing, groceries to childcare—House Republicans have chosen to pass the most heartless bill of the 21st century. 
     
    “This 900-page piece of legislation is an act of pure cruelty, written without mercy for the families who will suffer under its weight. It strips health insurance from over 90,000 hardworking Americans in my district and cuts off life-saving food assistance for over 400,000 Floridians, including children, seniors, veterans, and working families. 
     
    “In South Florida, this bill would shut down hospitals and doctors’ offices—including children’s hospitals—and slash access to long-term care for our most vulnerable seniors. It guts clean energy investments, threatening 700,000 jobs and accelerating the climate crisis. Florida families will now pay $610 more, on average, each year because of this scam.  
     
    “I will continue to fight for my constituents throughout South Florida in Congress, the community, and the courthouse. While today’s vote is a setback, the fight for a brighter future must continue.”

    ### 

    MIL OSI USA News –

  • MIL-OSI USA: Letlow Statement on Passage of Trump Agenda

    Source: United States House of Representatives – Congresswoman Julia Letlow (LA-05)

    WASHINGTON, D.C. – Congresswoman Julia Letlow released the following statement on congressional passage of President Trump’s One Big Beautiful Bill.

    “With passage of President Trump’s pro-family agenda, we have provided tax relief for the middle class and saved every American from a tax increase. Our working families and seniors will see new relief through a bigger child tax credit, eliminating taxes on tips, and a tax cut for retirees on Social Security. Our farmers will have much-needed certainty with the reauthorization of key Farm Bill policies, updated reference prices for commodities, and lower taxes. Now that we have extended the Trump Tax Cuts and supported Louisiana’s families and our economy, I will continue to advocate for my district as the Big Beautiful Bill is implemented.”

    Highlights of the One Big Beautiful Bill:

    • Permanently extends the 2017 Trump Tax Cuts, protecting American families from an average $1,700 tax hike.
    • No taxes on tips up to $25,000 annually.
    • No taxes on overtime pay up to $12,500 annually.
    • Permanently extends the doubled standard deduction for middle class families and provides an additional $1,500 deduction.
    • Permanently extends the doubled child tax credit and provides an additional $400 for a family of four.
    • Provides tax relief for retirees on Social Security through an added $6,000 tax deduction for low and middle-income seniors.
    • Strengthens tax incentives for paid leave and child care under the Child and Dependent Care Tax Credit and Flexible Spending Arrangements.
    • Permanently extends the 20% small business deduction for family-owned farms and other small businesses.
    • Updates reference prices for farm commodities.
    • Provides new enforcement resources to support the Trump Administration’s border security efforts.

                                                                          ###

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Valadao Releases Statement After House Budget Reconciliation Vote

    Source: United States House of Representatives – Congressman David G. Valadao (California)

    WASHINGTON – Today, Congressman David Valadao (CA-22) released the following statement on the House budget reconciliation vote.

    “It was not an easy decision for me, but I voted yes on the budget reconciliation bill,” said Congressman Valadao. “Since January when the reconciliation process began, I’ve been a vocal advocate for protecting and preserving Medicaid for the most vulnerable in my district. I know how important the program is for my constituents. Many policy changes were suggested over the past six months that would have devastated healthcare in my district, including changes to the federal match rate for the California and per capita caps on the expansion population, and after months of meetings, I was able to prevent these provisions from being included. However, the Senate version of the budget reconciliation bill ultimately made more changes to Medicaid than the House-passed version, and I had several concerns.”
     
    Congressman Valadao continues, “Since they were announced, I made my concerns about the provider tax and state directed payments provisions clear to my colleagues in the House and Senate and the administration. After numerous conversations, an additional $25 billion was added to the newly established Rural Health Transformation Program—which will help to support rural and other at-risk hospitals in my district—bringing the total to $50 billion. I’ve been assured by the administration that it will be structured in a way that benefits our providers and keeps our hospitals and communities running. To be clear, I still have concerns with the implementation of the provider tax and state directed payment provisions of H.R. 1, but I’ve worked and will continue to engage with the Centers for Medicare and Medicaid Services (CMS) to identify specific risks to Valley hospitals and mitigate them.” 
     
    “Ultimately, I voted for this bill because it does preserve the Medicaid program for its intended recipients—children, pregnant women, the disabled, and elderly. The bill also includes dozens of other policy provisions that directly benefit CA-22, including blocking the largest tax hike on working families in American history, eliminating taxes on tips and overtime, expanding the Child Tax Credit, enhancing deductions for seniors, and keeping provisions in place that double the standard deduction for over 90% of taxpayers in my district. These are real wins that will put more money back in the pockets of hardworking families throughout the Valley.”
     
    “In addition to critical tax provisions, I was able to secure $1 billion in western water storage and conveyance funding to support critical water infrastructure throughout the district. The bill also authorizes key Farm Bill investments by increasing funding for specialty crop research, expanding crop insurance coverage, providing funding to prevent pollution of drinking water in rural communities, and extending funding for the Emergency Food Assistance Program (TEFAP). After weeks of meetings, I was able to successfully secure improvements to the IRA tax credit language to support the Central Valley’s clean energy sector. This version of the bill will provide companies with a long transition period to construct renewable facilities, protecting investment in our region.”
     
    “No piece of legislation is perfect, but this bill ultimately reflects the priorities of CA-22—lower taxes, stronger farms, better infrastructure, and a commitment to protecting access to healthcare for Valley residents. I came to Congress to be a voice for our community, and I’ll keep fighting every day to make sure every provision is implemented responsibly to serve the needs of our district. While there’s still more work to do, this bill is a meaningful step forward.”

    ###

    MIL OSI USA News –

  • MIL-OSI USA: The One, Big, Beautiful Bill delivers on President Trump’s promises to the American people. It secures massive tax cuts for American families and businesses, complete border security, a supercharged economy, and accountability in taxpayer-funded programs,

    Source: United States House of Representatives – Representative Dale Strong (Alabama)

    WASHINGTON – Today, Representative Dale W. Strong (AL-05) issued the following statement after final passage of the One Big Beautiful Bill Act.

    “The One, Big, Beautiful Bill delivers on President Trump’s promises to the American people. It secures massive tax cuts for American families and businesses, complete border security, a supercharged economy, and accountability in taxpayer-funded programs, while reducing out-of-control government spending,” said Representative Dale Strong.  

    “From our space, defense, and manufacturing sectors to our working families, farmers, and small business owners — all of North Alabama will benefit from President Trump’s Big Beautiful Bill,” continued Strong.  

    ALABAMA WINS

    Marshall Space Flight Center

    • $4.1 billion for two Space Launch System rockets for the Artemis IV and V missions through Fiscal Year 2029
    • $20 million for Orion and integration of Orion with SLS
    • $100 million for construction and infrastructure projects at Marshall Space Flight Center

    Rural Healthcare

    • Locks in Alabama’s 6% hospital provider tax rate  
    • $50 billion national fund to support rural health through 2030, with $500 million in funding for Alabama in formula dollars alone  

    Farmers and Agriculture

    • Delivers much-needed enhancements in the farm safety net – including higher reference prices that reflect the current agricultural economy
    • Expands access to more affordable crop insurance while making it more responsive to risk

    National Defense  

    • $25 billion for the Golden Dome which Redstone Arsenal will play a significant role in supporting
    • $150 billion for defense spending through 2034, including $19 billion to restock America’s arsenal  

    Tax Cuts for Families and Small Businesses

    • Prevents a 22% tax hike for the average worker
    • Take-home pay for a family of 4 increases by $7,600-$10,900 per year  
    • No tax on tips, overtime pay, and made in America car loan interest
    • Additional tax relief for seniors

    AMERICA FIRST WINS
     

    Border Security Investments

    • 701 miles of primary wall and construction, and 900 miles of river barriers
    • Increases funding to ICE for transportation and mass deportation operations  
    • 3,000 new Border Patrol agents, 5,000 new Office of Field Operations customs officers

    Restores Fiscal Sanity

    • Cuts waste, fraud abuse of programs to preserve them for people who truly need them
    • Implements work requirements for able-bodied Americans without young dependents to receive SNAP and Medicaid  
    • Ends Medicaid benefits for 1.4 million illegal immigrants
    • Repeals Biden-era Green New Deal agenda  

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Morgan McGarvey Slams Passage of Republican Budget: “Slap in the Face to Kentucky and All of Rural America”

    Source: United States House of Representatives – Congressman Morgan McGarvey (Kentucky-03)

    July 03, 2025

    Today, Congressman Morgan McGarvey, a member of the House Budget Committee, condemned passage of the Republican budget. Congressman McGarvey voted against the budget after debating the bill at 4:00am on the House floor. Click here to download video of his debate remarks.

    “This Republican budget is a slap in the face to Kentucky and all of rural America. It will kick millions of Americans off their health insurance, take food away from Kentucky families, kids, and seniors, and add trillions to the national debt. All so that Elon Musk and Jeff Bezos pay even less in taxes. It is cruel and indefensible.

    “I don’t want to hear any Republican who voted for this say they care about rural America or our national debt ever again.”

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Young Kim Secures Historic Tax Cuts for Working Families

    Source: United States House of Representatives – Representative Young Kim (CA-39)

    Washington, DC – Today, U.S. Representative Young Kim (CA-40) voted in favor of the Senate Amendment to H.R. 1, which secures historic tax cuts for working families in California’s 40th District and across the nation.

    Rep. Kim stood up to the White House and House leadership to secure an increase of the cap on state and local tax (SALT) deductions to $40,000 for individuals and families making less than $500,000 a year, allowing working Californians and Americans to keep more of their hard-earned money. She also fought to remove the cap on SALT deductions for small businesses, preventing a 2% tax increase. 

    In addition to increasing the SALT cap, the bill makes life more affordable for working Americans, middle-class families, and small businesses by:

    • Extending middle-class tax cuts signed into law through the Tax Cuts and Jobs Act in 2017 to avoid a 17% tax hike for the average CA-40 family;
    • Permanently increasing the Child Tax Credit to $2,200 per child;
    • Exempting individuals from a tax on qualified tips for up to $25,000 for the next four years; 
    • Providing relief to seniors by increasing the Social Security tax deduction to $6,000 per individual;
    • Creating a $12,500 overtime pay deduction; and,
    • Supporting financial literacy by creating a pilot program to give newborns a $1,000 tax-advantaged investment account.

    “For too long, middle-class Americans, working families, and small businesses I represent have been hurting from high taxes, rising prices, and skyrocketing living costs made worse by out-of-touch policies from Sacramento and Washington,” said Rep. Young Kim. “This bill lowers taxes and provides relief to put money back in the pockets of everyday Americans. I will keep fighting to make life affordable for California’s 40th District and ensure our communities are great places to live, raise families, and start businesses.”

    “This bill takes important steps to ensure federal dollars are used as effectively as possible and to strengthen Medicaid and SNAP for our most vulnerable citizens who truly need it. I will keep working to get our country back on the right track and protect the American dream for future generations,” she continued.

    “Over the last seven years, the 20% Small Business Tax Deduction has helped America’s small businesses grow and hire,” said NFIB California State Director John Kabateck. “Rep. Young Kim understands the importance of the Small Business Deduction and has been a leading voice in Congress to make it permanent.”

    According to the U.S. Chamber of Commerce, nearly 25,000 small and pass-through businesses across Rep. Kim’s district will see an increase of approximately $21,906,300 in their qualified business income deduction through the bill’s passage.

    The bill also invests in America’s future by:

    • Modernizing our air traffic control system to ensure safe and efficient air travel;
    • Boosting our shipbuilding capabilities, investing in our military, and improving quality of life for troops;
    • Bolstering border security funding to increase border technologies and support our border patrol and CBP officers; and,
    • Supporting educational opportunities by protecting access to the Pell Grant program.

    MIL OSI USA News –