NewzIntel.com

Category: Economy

  • MIL-OSI USA: Federal Court Finds Firing of Probationary Federal Employees

    Source: American Federation of State, County and Municipal Employees Union

    Judge Alsup calls probationary federal employees “the lifeblood of our government”

    SAN FRANCISCO – Today, the U.S. District Court for the Northern District of California, presided over by Judge William H. Alsup, granted a temporary restraining order against the Office of Personnel Management (OPM) and its Acting Director, Charles Ezell, finding the termination of probationary federal employees illegal because OPM had no authority to order it. Judge Alsup said that when federal agencies fire employees for no reason, “that’s just not right in our country,” adding that we can’t “run our agencies with lies.” “The Office of Personnel Management does not have any authority whatsoever under any statute in the history of the universe to hire and fire employees at another agency,” he stated.

    The judge ordered OPM to immediately notify federal agencies of the ruling, including the Department of Defense, which is poised to terminate thousands of probationary employees tomorrow.Judge Alsup further ordered the federal government to disclose by Tuesday the participants on the February 13 call that has been widely reported to have been the occasion which which OPM ordered the agencies to terminate probationary employees. He indicated that a longer written order would follow shortly on the heels of today’s ruling from the bench.

    The plaintiffs had the following responses to the decision:

    “This ruling by Judge Alsup is an important initial victory for patriotic Americans across this country who were illegally fired from their jobs by an agency that had no authority to do so,” said Everett Kelley, National President of the American Federation of Government Employees. “These are rank-and-file workers who joined the federal government to make a difference in their communities, only to be suddenly terminated due to this administration’s disdain for federal employees and desire to privatize their work. OPM’s direction to agencies to engage in the indiscriminate firing of federal probationary employees is illegal, plain and simple, and our union will keep fighting until we put a stop to these demoralizing and damaging attacks on our civil service once and for all.”

    “We know this decision is just a first step, but it gives federal employees a respite. While they work to protect public health and safety, federal workers have faced constant harassment from unelected billionaires and anti-union extremists whose only goal is to give themselves massive tax breaks at the expense of working people. We will continue to move this case forward with our partners until federal workers are protected against these baseless terminations,” said AFSCME President Lee Saunders.

    “This decision by Judge Alsup is a major win for Main Street. The mass firings of Small Business Administration employees creates uncertainty for time-strapped entrepreneurs. Chaos is the enemy and this ruling brings a little bit more peace of mind to small business owners that keep our economy going,” said Richard Trent, Executive Director for the Main Street Alliance.

    “This ruling is a win for National Park Service employees who have been wrongfully fired across the country,” said Phil Francis, Chair of the Executive Council of the Coalition to Protect America’s National Parks. “NPS employees are dedicated to protecting the irreplaceable resources and stories found at over 430 units of the National Park System. Without our park rangers, our national parks – and the ability of Americans to safely visit them – are at risk. We applaud today’s ruling and we look forward to continuing the work to ensure our parks and people are protected.”

    “The recent mass layoffs have disproportionately affected Veterans, leading to job losses and increased uncertainty. This ruling is a win for the Veterans who have been impacted and rely on federal employment for stability, and these cuts have disrupted their livelihoods,”  said VoteVets Action Fund Chairman Major General (Ret.) Paul Eaton.

    “The rule of law applies to everyone, including presidential administrations,” said Erik Molvar, Executive Director of Western Watersheds Project. “Federal land and wildlife agencies need staff to enforce environmental protection regulations and keep an eye on western public lands, so we are pleased that the courts have struck down these illegal firings.”

    “This is a win for the thousands of public servants who keep our country running, for veterans and their families who rely on the Department of Veterans Affairs and other agencies, and for the millions of Americans who depend on critical government services,” said Jose Vasquez, Executive Director of Common Defense. “The court’s decision stops a blatant power grab that threatened to gut essential services, from veterans’ healthcare to disaster relief. Today, justice prevailed, but our fight continues to ensure no administration can ever again play politics with the livelihoods of those who serve our country and our communities.”

    “The law is clear that OPM has no authority to order the federal agencies to fire their employees. Today’s ruling is an important first step in holding this administration accountable for these unlawful acts,” said Danielle Leonard, Altshuler Berzon, representing the plaintiffs.

    “Today’s decision is an important victory for the rights of federal workers. The work done by the plaintiffs, led by public service unions along with small business, veterans, and conservation organizations, has been extraordinary and tireless,” said Norm Eisen, executive chair of State Democracy Defenders Fund. “Together, we’re going to keep holding this administration accountable whenever and wherever they try to undermine the rights of the people of the United States under the cynical guise of reform.”

    MIL OSI USA News –

  • MIL-OSI Security: Portland Man Sentenced to Federal Prison for Bank Fraud and Identity Theft

    Source: Office of United States Attorneys

    PORTLAND, Ore.–A Portland man was sentenced to federal prison today for using a stolen identity and financial information to steal more than $426,000 from a victim with an intellectual disability.

    Clinton Wells, 36, was sentenced to 36 months in federal prison and three years’ supervised release. He was also ordered to pay $426,481.14 in restitution to his victim.

    According to court documents, between March 2019 and April 2022, Wells knowingly and intentionally used personal identification and bank account information to steal the victim’s life savings. On March 13, 2019, while working for a national tax preparation company, Wells met the victim and gained access to their personal and financial information. The following day, Wells began transferring money from the victim’s bank account into his own.

    In April 2019, Wells created a user profile through the victim’s online banking system. With this access, Wells completed more than 1,100 transactions including electronic money transfers and online purchases. Wells used the money to fund extravagant trips, personal expenses and online purchases. Wells’ theft went undetected until the victim passed away and family found unopened bank statements showing the unauthorized transactions.  

    On February 13, 2024, a federal grand jury in Portland returned a six-count indictment charging Wells with bank fraud and aggravated identity theft.

    On October 30, 2024, Wells pleaded guilty to one count of bank fraud and one count of aggravated identity theft.

    This case was investigated by the U.S. Treasury Inspector General for Tax Administration, IRS Criminal Investigation, and Multnomah County Sheriff’s Office. It was prosecuted by Meredith D.M. Bateman, Assistant U.S. Attorney for the District of Oregon.

    MIL Security OSI –

  • MIL-OSI USA: Cantwell Statement on Mass NOAA Layoffs

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    02.27.25
    Cantwell Statement on Mass NOAA Layoffs
    WASHINGTON, D.C. – Today, the Trump Administration laid off at least 880 workers from the National Oceanic and Atmospheric Administration (NOAA). U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, issued the following statement:
    “The firings jeopardize our ability to forecast and respond to extreme weather events like hurricanes, wildfires, and floods—putting communities in harm’s way. They also threaten our maritime commerce and endanger 1.7 million jobs that depend on commercial, recreational and tribal fisheries, including thousands in the State of Washington. This action is a direct hit to our economy, because NOAA’s specialized workforce provides products and services that support more than a third of the nation’s GDP.”
    Last week, Sen. Cantwell sent a letter to Secretary of Commerce Howard Lutnick, calling on him to exempt the National Weather Service (NWS) from the federal hiring freeze, and protect all NOAA workers from firings “that would jeopardize the safety of the American public.”
    “Without NOAA’s workforce, communities will not be prepared for the next big Nor’easter, hurricane, wildfire, or drought,” wrote Sen. Cantwell. “Ships will not be able to safely navigate through our waterways. Farmers will not have the data they need to manage their crops. NOAA’s workforce keeps people alive and provides communities with the scientific support tools to protect their families and grow their businesses. I urge you to appreciate these critical government functions and reverse the hiring freeze and refrain from mass firings of these invaluable public servants—American lives depend on it.”
    Also last week, speaking in opposition to the nomination of now-Secretary Lutnick on the Senate floor, Sen. Cantwell cited his “tepid support” for NOAA as a key reason for her decision to vote against his confirmation.
    “When asked for the record, ‘Should NOAA be dismantled, as called for in Project 2025?’, Mr. Lutnick would only say he’ll figure it out once he’s confirmed,” Sen. Cantwell said. “We needed a bigger commitment to NOAA. NOAA already supplies a big, important aspect of what we deal with, with weather forecasting, tracking extreme weather, hurricanes, wildfires, managing our fisheries, operating ships that conduct important charting for national security. Mr. Lutnick gave very tepid support for NOAA.”
    Project 2025 calls for NOAA to be “dismantled and many of its functions eliminated,” calling it part of the “climate change alarm industry.” NOAA provides critical services to the nation including weather forecasts, extreme storm tracking and monitoring, tools to enable communities to adapt to sea level rise and climate change, supporting fisheries management, and conserving marine mammals and other protected species including salmon and orcas.
    Sen. Cantwell is a champion of NOAA and helped secure $3.3 billion in NOAA investments in the Inflation Reduction Act to help communities prepare for and adapt to climate change, boost science needed to understand changing weather and climate patterns, and invest in advanced computer technologies that are critical for extreme weather prediction and emergency response. Her Fire Ready Nation Act, bipartisan legislation to strengthen NOAA’s ability to help forecast, prevent, and fight wildfires, passed the Commerce committee unanimously earlier this month and now heads to the full Senate for consideration.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Going for Housing Growth: New and improved infrastructure funding and financing tools

    Source: New Zealand Government

    New and improved infrastructure funding and financing tools will help get more houses built and address New Zealand’s housing crisis, Housing Minister Chris Bishop and Local Government Minister Simon Watts say.

    “Fixing New Zealand’s housing crisis will help lift economic growth, boost productivity and lift our living standards.

    “The Government’s Going for Housing Growth programme focuses on fixing the fundamentals of our housing crisis: land supply, infrastructure, and incentives for growth.”

    Going for Housing Growth is split into three pillars: 

    Pillar 1: Freeing up land for development and removing unnecessary planning barriers,

    Pillar 2: Improving infrastructure funding and financing to support growth, and 

    Pillar 3: Providing incentives for communities and councils to support growth.

    “In July, the Government announced decisions on Pillar 1 which will make it much easier for our cities to grow both up and out

    “We are not a small country by land mass, but our planning system has made it difficult for our cities to grow. As a result, we have excessively high land prices driven by market expectations of an ongoing shortage of developable urban land to meet demand. 

    “But, on its own, freeing up land is not enough to support more housing. We also need the timely delivery of infrastructure. Put simply, you can’t have housing without water, transport, and community facilities.

    Pillar 2: Improving funding and financing tools

    “The changes we are announcing today respond to the calls from councils and developers to make it much simpler and easier to fund and finance enabling infrastructure for housing.

    “In short, the Government’s changes will create a flexible funding and financing system to match a new, flexible, planning system.

    “Our infrastructure funding system for housing is broken, with councils unable to effectively recover the costs of enabling infrastructure for urban growth. This leads either to existing ratepayers picking up the tab (which is unfair), or it stops more houses being built (which perpetuates the problem).

    “Our core objective is to create a system where “growth pays for growth”. We want to move to a future state where funding and financing tools enable a responsive supply of infrastructure in places where it is commercially viable to build new houses. 

    “This will shift market expectations of future scarcity, bring down the cost of land for new housing, and improve incentives to develop land sooner instead of land banking.”

    The Government will make five key changes to New Zealand’s funding and financing toolkit that will support urban growth:

    1. Replacing Development Contributions with a Development Levy system, which enables councils and other infrastructure providers to charge developers a proportionate amount of the total cost of capital expenditure necessary to service growth over the long term. Separate levies will be maintained for each infrastructure service, with levy zones expected to cover a pre-defined urban area. Levies will be calculated based on overall growth costs and expected levels of growth.
    2. Establishing regulatory oversight of Development Levies to ensure charges are fair and appropriate by restricting local authority discretion about various matters, such as setting the methodology used to allocate project costs.
    3. Increasing the flexibility of targeted rates by allowing councils to set targeted rates that only apply to new developments, and enabling targeted rates and levies to be used together where projects benefit existing residents and provide for growth.
    4. Improving the effectiveness of the Infrastructure Funding and Financing (IFF) Act, particularly for developer-led projects. This work is being led by Parliamentary Under-Secretary Simon Court.
    5. Broadening existing tools to support value capture and cost recovery by enabling the IFF Act to be used for major transport projects (such as those led by NZTA). 

    “These are big changes to the infrastructure funding system for urban growth, but they will be worth it. Shifting to Development Levies will give developers more certainty around costs and give councils more flexibility to recover the actual costs of growth. The changes will increase transparency and reduce administrative complexity for councils.

    “Most importantly, they mean that councils can properly cover the costs of housing growth.

    “These changes, combined with the Government’s Local Water Done Well reforms, will help ease the constraints on local government, developers, and other infrastructure providers and enable the delivery of infrastructure to land zoned for housing development.

    “Detailed design work around the new system is underway now and there will be engagement by government officials with councils and developers in advance of legislation being introduced to Parliament in the second half of 2025. Our aim is to enact the legislation in mid-2026 for the new system to begin in 2027.”

    Note to Editors:

    Four fact sheets are attached.

    For more information about the Going for Housing Growth programme, please visit the Ministry of Housing and Urban Development website.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Speech to LGNZ Metro, Rural and Provincial sectors meeting

    Source: New Zealand Government

    Good afternoon, everyone. Today I’d like to talk to you about progress the Government has made on our Going for Housing Growth agenda. I’m also excited to announce policy decisions that will improve infrastructure funding and financing to get more houses built. 

    Thank you to Local Government New Zealand for hosting this meeting. It is crucial that central and local government, work together in the areas of housing, planning reform, and transport to unlock New Zealand’s potential. 

    NEW ZEALAND’S HOUSING CHALLENGES

    Let’s start with an overview of our housing challenge. 

    Over the last three decades real house prices in New Zealand increased more than any other OECD country. According to the OECD’s Better Life Index, we also rank 40th out of 41 countries for housing affordability – just in front of the Slovak Republic. 

     Put simply, our housing market has held us back economically and socially:

    • New Zealanders spend a larger share of their income on housing – meaning less disposable income can go towards goods, services, and investments,
    • In 2022, more than half of all household wealth was tied up in land and houses,
    • Homeownership rates are near their lowest in 80 years,
    • Young people are leaving New Zealand to find better opportunities, and 
    • There are 20,300 families on the social housing wait list.

    But it hasn’t always been like this. Just 23 years ago in 2002, New Zealand had a house price to wage ratio of 3:1. Now, house prices outstrip wages by over 6:1.

    The worst part about this is that we have known about our housing crisis – and how to fix it – for over a decade. 

    In fact, the first two recommendations in the Productivity Commission’s 2012 inquiry into housing affordability were:

    1. For central and local government to free up more land for housing in the inner city, suburbs, and city edge; and 
    2. To ensure greater discipline around charging for growth infrastructure. 
      Since then, report after report and inquiry after inquiry has found that our planning system, particularly restrictions on the supply of developable urban land, are at the heart of our housing affordability challenge. 

    This Government has seen the evidence, listened, and is getting on with the job. 

    I am determined to fix our housing crisis by addressing the root cause of the problem, focusing on the fundamentals, and treating housing as a complete and dynamic system. 

    Getting the settings for housing and land markets right will do three things:

    1. Lift economic growth and productivity,
    2. Reduce the social consequences of unaffordable housing, and 
    3. Help us get the Government’s books back in order.

    HOUSING IS AN ENABLER OF ECONOMIC GROWTH AND PROSPERITY

    I want to spend a bit of time focusing on the relationship between housing and economic growth. 

    Housing is a basic human need, and it is also an enabler of productivity, and for decades, New Zealand has suffered from a productivity disease.

    As Paul Krugman so famously observed, “Productivity isn’t everything, but in the long run, it’s almost everything.”

    Productivity growth is a key driver of our standard of living and prosperity.

    It will probably surprise – and I hope alarm you – to learn that our productivity is closer to places like Poland, Hungary, and the Czech Republic than it is to Australia, Canada, the United Kingdom, or the United States.

    In other words, our productivity rates are on par with countries that endured 40 years of communism.

    To turn this around, the Government is focused on going for growth, whether that’s in trade, foreign investment, innovation and technology, competition, infrastructure, or housing – the whole shebang.

    It is not going to be easy to really get growth and productivity going in New Zealand. But, in my view, getting the underlying settings housing and land markets right will do a lot of the heavy lifting. 

    There is now a mountain of economic evidence that cities are engines of productivity, and the evidence shows bigger is better. 

    In New Zealand, it is estimated that doubling a city’s population could increase output by 3.5%. And, on average, workers in cities earn one third more than their non-urban counterparts.

    Throughout history, cities have been the hub of innovation. Think 15th century Florence, 17th century Amsterdam, 18th century London, and San Francisco today.

    Cities are powerful engines of growth because they foster agglomeration economies – which are the benefits that occur when firms and people cluster together. When people are close, we can more effectively:

    • Share infrastructure, supply chains, and capital,  
    • Match skills to jobs, and 
    • Learn from each through the exchange of knowledge and ideas. 

    A floor filled with smart people working next to each other and chatting over coffee, in a building filled with floors, in a city full of buildings, unsurprisingly, enables greater opportunities.

    Proximity encourages collaboration and innovation. 

    So, the question is, are we making the most out of New Zealand’s cities? 

    If we are honest with ourselves, the answer is no. 

    Quite often I experience ‘housing utopia whiplash’ – one article says, “don’t put intensification here, we need to protect the wooden villas”, another says “don’t do greenfield development, it contributes to more emissions”. 

    But if you can’t go up or out, you can’t go anywhere. 

    To make housing more affordable, our cities need to growth both up and out – we need bigger cities and, we need more houses.

    Having more affordable housing would also free up more disposable income and capital for investment in businesses, capital, infrastructure, and people.

    Modelling shows, that under an ‘ambitious scenario’ of removing all supply-side constraints, New Zealand could increase output per worker by up to 1.6%, increase workers moving from Australia to New Zealand’s high-productivity regions by up to 7.2%, and increase GDP by up to 8.4%.

    Now, removing all supply-side constraints is not realistic – but what I do know is that we can do so much more than we are now. 

    ACTIONS ON GOING FOR HOUSING GROWTH SO FAR

    In July last year, I outlined our Going for Housing Growth policy: 

    • Pillar 1: freeing up land for development and removing unnecessary planning barriers, 
    • Pillar 2: improving infrastructure funding and financing to support urban growth, and 
    • Pillar 3: providing incentives for communities and councils to support growth.

    We have made good progress on Pillar 1 which includes Housing Growth Targets for Tier 1 and 2 councils to “live-zone” 30-years of housing demand, making it easier for cities to expand, strengthening the intensification provisions in the NPS-UD, putting in new rules requiring councils to enable mixed-used development, and abolishing minimum floor areas and balcony requirements.

    Details about how Pillar 1 will be implemented will be announced in the coming months.

    Today, I will announce policy decisions Cabinet has made on Pillar 2, which I will get to shortly. 

    Officials are also working away on Pillar 3 in the context of Pillars 1 and 2, which will ensure that councils and communities face strong incentives – carrots or sticks – for growth.

    To help fix the housing crisis, the Government has also:

    • Passed the Residential Tenancies Amendment Bill to make sensible changes to tenancy rules to encourage landlords into the market;
    • Passed legislation to make it easier for international investment into “Build to Rent” housing; 
    • Passed the Fast-track Approvals Act which makes it much easier to consent large-scale housing developments;
    • Funded 1,500 new social housing places delivered by Community Housing Providers; and
    • Established a Residential Development Underwrite scheme to support construction during the market downturn.

    Before the next election, we will have also replaced the Resource Management Act with new legislation. More on that next month.

    ANNOUNCEMENTS ON PILLAR 2

    Now let’s talk about Pillar 2 – improving infrastructure funding and financing to support urban growth. 

    I know central government has given local government a hard time about not zoning enough land for housing. I’ve done it once or twice before. 

    And it’s true, you haven’t.

    But what I have heard from you and housing experts, is that freeing up urban land is not enough on its own. We also need to ensure the timely provision of infrastructure. 

    Put simply, you can’t have housing without land, water, transport, and other community infrastructure. It’s a package. 

    However, under the status quo, councils and developers face significant challenges to fund and finance enabling infrastructure for housing.

    I hope you’ll agree with me that existing tools like Development Contributions (DCs), and the Infrastructure Funding and Financing (IFF) Act are not fit for purpose. 

    We want to move to a future state where funding and financing tools enable a responsive supply of infrastructure where it is commercially viable to build new houses. 

    This will shift market expectations of future scarcity, bring down the cost of land for new housing, and improve incentives to develop land sooner instead of land banking.

    To achieve this future, our overarching approach is that ‘growth pays for growth’.

    So, today, I am excited to announce five key changes to our infrastructure funding settings that will get more houses built:

    • The first is replacing DCs with a Development Levy System, 
    • The second is establishing regulatory oversight of Development Levies to ensure charges are fair and appropriate, 
    • The third is increasing the flexibility of targeted rates, 
    • The fourth is improving the Infrastructure Funding and Financing Act, and 
    • The fifth is broadening existing tools to support value capture.

    Essentially, we are developing a flexible toolkit of mechanisms to ensure growth pays for growth”.  There is no funding and financing mechanism that will suit all developments. But the flexible toolkit I’m about to outline will help ensure a responsive supply of infrastructure.

    Development Levies system

    Let’s start with replacing DCs with a Development Levy system. 

    Under the status quo, councils can only recover infrastructure costs for planned, costed, and in-sequence developments. In effect, this means councils can only recover costs if they have certainty about when, where, and what development occurs.

    But this level of certainty isn’t realistic. We don’t live in Ebenezer Howard’s “Garden City” or “planners paradise”, and we’re not stuck in the Soviet Union. We want growth to be demand-led, not planner-led. 

    We know DCs aren’t working, because councils haven’t been able to effectively recover growth costs, leaving ratepayers to pick up the cheque.

    For example, Auckland Council estimates that $330m in growth infrastructure costs for Drury will be met by ratepayers, not by the beneficiaries of the infrastructure. Similarly, Tauranga City Council has reported 16 percent under-recovery for projects that were included in DC policies, which saw over $70m of debt expected to be transferred to ratepayers.

    Not only is this unfair, but it makes existing residents resistant to growth.

    The political economy of housing is stacked against actually building it. It is not surprising that existing ratepayers mobilise against new housing when they’re required to pick up the tab for the infrastructure required for it.

    DCs were designed in 2002 for a world with a strategy of “urban containment”, where councils put rings around and ceilings on top of our cities.

    The old model was to plan cities carefully. 

    So, we sequenced, and planned, and costed the infrastructure, then urban land was dripped slowly into the market. This meant that councils had lots of control over the release of urban land.  

    But these constraints also created a scorching hot land and housing market driven by artificial scarcity.  

    Pillar 1 is about upending the system by live zoning 30 years’ worth of housing demand at any one-time for Tier 1 and 2 councils, flooding the market with development opportunities and fundamentally making housing more affordable. 

    We are deliberately upending the artificial planning and zoning constraints that have made it difficult to use land for housing.

    Once Pillar 1 goes live and there is an abundance of urban land, councils won’t be able to plan or cost growth in detail anywhere, everywhere, all at once – it’s simply not feasible. 

    So, we need a flexible funding and financing system to match the flexible planning system. 

    That’s Development Levies.  

    Under this new system, councils and other infrastructure providers will be able to charge developers for their share of aggregate infrastructure growth costs across an urban area over the long-term.

    Development Levies will provide far more flexibility for councils and other infrastructure providers to recover costs for any in-sequence development – whether it planned and costed, or not. 

    Quite simply, this tool will respond to growth and recover costs, no matter where the growth occurs within land zoned for housing.

    For areas that are zoned for housing – remembering there will be a lot more of it under our new system – Development Levies will look like:

    • Separate levies that are ring-fenced for each specific infrastructure service such as drinking water, wastewater, and transport; 
    • Specific “levy zones”, which are expected to cover pre-defined urban areas that are larger than most current DC catchments; 
    • Discretion for councils to impose additional charges on top of the base levy in specific locations that require a particularly high-cost service;
    • A prescribed methodology that councils and infrastructure providers must follow to determine aggregate growth costs and standardised growth units; and 
    • Consideration of different models of infrastructure delivery including support for first-mover developers and recovering council costs for infrastructure owned by another entity.

    For out-of-sequence development, there will be a process councils or water service providers must follow to determine an appropriate levy – or Infrastructure Funding and Financing Act levies could be used. As I say, this is a toolkit of approaches to ensure infrastructure is funded and built.

    The new Development Levy system has many benefits.

    It will reduce financial risks for councils and could moderate rate increases, better incentivising communities to support growth.

    It will improve the predictability of infrastructure charges. Where these charges are credibly signalled in advance, we expect developers will account for added costs in shopping for developable land, lowering the amount they are willing to pay.

    It will increase transparency and reduce administrative complexity for councils.

    Regulatory oversight 

    The second change is to create regulatory oversight of the development levy regime.

    Councils can have monopolistic pricing power as the sole provider of certain infrastructure. 

    The new levy system will restrict local authority discretion about various matters, such as setting the methodology used to allocate project costs.

    But it is important that prices are fair and appropriate, so we will also establish regulatory oversight of Development Levies, which will be integrated with the regulatory oversight of water services and rates. 

    While the wider system is being designed, we will put in interim oversight arrangements, which may include requirements around transparency and information disclosure, and having an independent assessment of proposed levies. 

    Work is underway on this area right now and the government will be engaging with councils and developers in the coming months to get the details right.

    Increasing the flexibility of targeted rates

    Now moving onto targeted rates. 

    I understand that not everyone, particularly small councils, will be up for using the Development Levy system. So, we are also making changes to targeted rates to support urban growth. 

    We will allow councils to set targeted rates that apply when a rating unit is created at the subdivision stage. This will enable councils to set targeted rates that only apply to new developments. And, for small councils, this could be used as a good alternative to Development Levies.

    Additionally, this change will enable targeted rates and Development Levies to be used together where projects benefit existing residents and provide for growth.

    Infrastructure Funding and Financing Act changes

    Fourth, we will be making changes to the IFF Act.

    The IFF Act was passed in 2020 so that developers could freely arrange private funding and financing solutions for enabling infrastructure. It was supposed to allow developers to bypass the issue of relying on councils for the timely provision of infrastructure. 

    However, in the five years since it was passed, no levy proposals have been received for new residential developments, likely due to its complexity and administrative burden.

    My Undersecretary Simon Court has been leading the work here and he will speak to the full suite of changes we are making shortly. 

    But at a high-level, the Government has agreed to make several remedial amendments to improve the effectiveness of the Act, particularly for developer-led projects. These changes will remove unnecessary barriers and make the overall process simpler. 

    Broadening existing tools to support cost recovery and value capture

    But what I am really excited about is broadening existing tools like the IFF Act to support value capture and cost recovery.

    As a general principle, those who benefit from publicly funded infrastructure should help contribute to the cost of it. New state highways, for example, create benefits for private landowners by unlocking capacity for new development or improving journeys for existing households.

    New busways or rail lines clearly create benefits for those located near the stations.

    So, we will enable IFF Act levies to be charged for major transport projects, e.g., projects delivered by NZTA.

    This change has the potential to kickstart our embrace of Transit Oriented Development or TOD.

    TOD promotes compact, mixed-use, pedestrian friendly cities, with development clustered around, and integrated with, mass transit. The idea is to have as many jobs, houses, services and amenities as possible around public transport stations.

    This is not an untested theory: transit-oriented development has been adopted across world-class in cities like Stockholm, Copenhagen, Tokyo, and Singapore – all of which use some form of value capture.

    We looked at establishing a complicated new tool that tries to calculate land value uplift to essentially tax windfall gains, but we have concluded that it is fine in theory but much harder in reality. 

    Our preference is for a much simpler solution that builds on existing legislation – getting beneficiaries to pay for some proportion of the cost of the investment through infrastructure levies.

    Henry George would certainly approve.

    Conclusion

    Today’s announcement outlines our plans to establish a flexible funding and financing system – Pillar 2 – to complement our new flexible planning system – Pillar 1.

    These are some big changes, and it will take some time to get them right. Our aim is to have legislation in the House by September this year, to come into effect next year.

    What I can promise is that my officials will engage with councils and developers to ensure we create a future state that works:

    Where urban land is abundant, the supply of infrastructure is responsive, and where there are loads of development opportunities and housing choice for New Zealanders. 

    Today’s changes to funding and financing tools, together with freeing up urban land both inside and at the edge of our cities is a massive feat for: 

    • urban nerds,  
    • proponents of economic growth, 
    • champions of housing affordability, and 
    • all New Zealanders really. 

    Solving our housing crisis is my top priority. It will mean a more productive, wealthier, and more prosperous New Zealand and I won’t rest until that’s done. 

    Thank you.

    MIL OSI New Zealand News –

  • MIL-OSI Australia: More than $75 million boost for gender-based violence services in Queensland

    Source: Ministers for Social Services

    The Albanese Labor Government is partnering with the Queensland Government to boost funding for frontline critical family, domestic and sexual violence services in the state.

    Both governments will each invest an additional $75.8 million in programs after renewing the five-year National Partnership Agreement on Family, Domestic and Sexual Violence Responses.

    This brings the total Australian Government investment under the National Partnership for Queensland to $148.7 million since 2022.

    Minister for Social Services, Amanda Rishworth, said the renewed partnership demonstrates the strong commitment of all governments to ending gender-based violence in Australia in one generation.

    “We are driving change through key reforms to end gender-based violence, which requires the effort, dedication, and partnership of all governments across Australia,” Minster Rishworth said.

    “With this renewed National Partnership and funding commitment, we are providing long-term certainty and resourcing for Queensland family, domestic and sexual violence services so they can continue their vital work in supporting victim-survivors and improving the safety of women and children.

    “Governments, providers, and communities all have a role to play in building a future free from gender-based violence.”

    The renewed FDSV National Partnership will deliver over $700 million across all jurisdictions in new, matched investments from the Commonwealth and states and territories, supporting frontline FDSV services, including specialist services for women and children impacted by FDSV, and men’s behaviour change programs.

    An additional $1 million will also be used for an independent evaluation of the renewed FDSV National Partnership.

    More information on the FDSV National Partnership Agreement is available on the Federal Financial Relations website.

    If you or someone you know is experiencing, or at risk of experiencing domestic, family and sexual violence, you can call 1800RESPECT on 1800 737 732, text 0458 737 732 or visit www.1800respect.org.au for online chat and video call services:

    • Available 24/7: Call, text or online chat
    • Mon-Fri, 9am – midnight AEST (except national public holidays): Video call (no appointment needed)

    If you are concerned about your behaviour or use of violence, you can contact the Men’s Referral Service on 1300 766 491 or visit www.ntv.org.au

    Feeling worried or no good? Connect with 13YARN Aboriginal & Torres Strait Islander Crisis Supporters on 13 92 76, available 24/7 from any mobile or pay phone, or visit www.13yarn.org.au No shame, no judgement, safe place to yarn.

    MIL OSI News –

  • MIL-OSI: Vancity and First Credit Union Discuss Potential Merger

    Source: GlobeNewswire (MIL-OSI)

    TERRITORIES OF MUSQUEAM, SQUAMISH, TSLEIL-WAUTUTH, K’ÒMOKS, KLAHOOSE, AND TLA’AMIN NATIONS, Feb. 27, 2025 (GLOBE NEWSWIRE) — Vancity and First Credit Union are excited to share their intention to explore a potential merger. This merger would strengthen local community banking in British Columbia and enhance member access to financial services in communities on the North Sunshine Coast; Vancouver Island; and on Bowen, Texada and Hornby Islands. First Credit Union and Vancity both share a long history of putting people first, creating positive financial impact, and delivering values-based services that empower communities. 

    This partnership will support an innovative vision for the collective future of community banking. With the financial services industry facing growing competition, escalating operating costs, and the need for sustainable organic growth, credit unions are increasingly looking to mergers to achieve the necessary scale for continued success. 

    “By creating this opportunity together, we have the chance to preserve and grow local community banking,” said Wellington Holbrook, President and CEO of Vancity. “And we’re showing how we can develop a sustainable, resilient and scalable co-operative banking alternative for British Columbia.” 

    “Vancity shares our values, vision for the future of community banking, and commitment to making a difference,” said Linda Bowyer, President and CEO of First Credit Union. “By uniting our strengths, we will ensure long-term support for our members and communities, both today and in the future.”

    The proposed merger is guided by the key principles shared by both credit unions and will strengthen community banking. First Credit Union will maintain its community presence while allowing its members access to an expanded branch network. The partnership will also give First’s members, and the employees serving them, access to Vancity’s wider array of financial products and services, deeper capital, larger networks, and growing technological capacity. The distinct identities of both credit unions will be maintained as will a commitment to local employment. Both credit unions will be working with the BC Financial Services Authority (BCFSA) throughout this process to ensure all regulatory requirements are met, and if consent is granted, the merger will ensure continued access to banking services in communities served by First Credit Union.  

    Both credit unions envision the merger as the start of an innovative model for the future of co-operative, community banking across B.C. Both credit unions believe this model can be expanded to enhance community-centered services across the province and to address the needs of members, strengthen local economic resilience, help sustain community identity and local autonomy, and deliver positive social impact.

    “With Vancity, First Credit Union has a shared commitment to uplifting and strengthening the members and communities we serve. Together, we’re not just expanding access to financial services, we’re creating a future where everyone can thrive,” said Bowyer. “This is an exciting new chapter, and we can’t wait to get started on it together.”   

    “Credit unions are more than financial institutions; they power local economic development and return a ton of value back to the community. First Credit Union was the first financial co-operative in B.C., inspiring all credit unions that followed and kicking off the rapid growth of community finance across the province,” Holbrook continued.   

    Moving forward, both credit unions will share information to provide an opportunity for members to learn more about the benefits of the proposed merger. In accordance with applicable legislation, Vancity’s members will not need to vote on the intended transaction and, as the final stage of approval, First Credit Union members will vote as the entity whose assets are being transferred to Vancity. 

    About First Credit Union   
    Established in 1939, First Credit Union is a values-based financial cooperative operating on the traditional territories of the Coast Salish Peoples, specifically the K’òmoks, Klahoose, Tla’amin and Squamish Nations and serving the needs of community members in Courtenay, Cumberland, Powell River, Union Bay, Bowser, and on Bowen, Hornby, and Texada Islands. As a financial institution owned by its members, First Credit Union ensures all its activities work to build thriving, vibrant communities. With this responsibility top of mind, First focuses on the financial, social and environmental well-being of the members and the communities it serves and invests 10% of its profits back into its communities.   

    Media Relations Contact First Credit Union  
    media@firstcu.ca 
    T: 236-269-2207 
    Member Q&As for First Credit Union 
    Please follow this link for First Credit Union’s Member Q&As 

    About Vancity  
    Vancity is a values-based financial co-operative serving the needs of its 570,000 member-owners and their communities, with offices and more than 50 branches located in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay, within the territories of the Coast Salish and Kwakwaka’wakw people. With $36 billion in assets plus assets under administration, Vancity is Canada’s largest credit union. Vancity uses its assets to help improve the financial well-being of its members while at the same time helping to develop healthy communities that are socially, economically and environmentally sustainable.  

    Media Relations Contact Vancity  
    mediarelations@vancity.com  
    T: 778-837-0394

    Member Q&As for Vancity 
    Please follow this link for Vancity’s Member Q&As 

    The MIL Network –

  • MIL-OSI China: European countries vow retaliation against Trump’s tariff threat

    Source: China State Council Information Office

    Transatlantic trade tensions have escalated following U.S. President Donald Trump’s announcement of a 25 percent tariff on European imports, with European countries warning that Europe will react “firmly and immediately” against unjustified barriers.

    The tariff plan announced by Trump on Wednesday covers various European imports, including cars and other goods. Speaking at a White House cabinet meeting, he claimed that the EU has “taken advantage of” the United States by blocking American cars and agricultural products.

    Flags of the European Union fly outside the Berlaymont Building, the European Commission headquarters, in Brussels, Belgium, Jan. 29, 2025. (Xinhua/Meng Dingbo)

    In response, European Commission spokesperson Olof Gill said on Thursday at a press briefing that American businesses have reaped significant profits from investments in Europe.

    “By creating a large and integrated single market, the European Union (EU) has facilitated trade, reduced costs for EU exporters and harmonized standards and regulations across all our member states. As a result, U.S. investments in Europe are highly profitable,” he stressed.

    Regarding the tariffs, the European Commission said on Wednesday that the EU would react “firmly and immediately” against unjustified barriers to free and fair trade, including when tariffs are used to challenge legal and non-discriminatory policies.

    Speaking in Washington on Thursday, European Parliament President Roberta Metsola underscored that Europe and the United States have shared values and warned against isolation. She reaffirmed that the EU is ready to respond “firmly and immediately against unjust barriers to free and fair trade.”

    France and Spain shared the EU stance on retaliation, calling for unity to defend Europe’s interests.

    According to French media Le Figaro, French Economy Minister Eric Lombard, who is now participating in the G20 finance minister meeting in Cape Town, South Africa, said that the EU must protect its interests by doing the same as what the United States did.

    “We need to have a firm and proportionate reaction,” French Defense Minister Sebastien Lecornu told France Info in an interview on Thursday. “The EU must react in the firmest possible way, in the most immediate way and I insist in the most proportionate way, because that’s how it works,” he said.

    The EU will defend itself “against those who attack it with absolutely unjustified tariffs that threaten our economic sovereignty,” Spanish Prime Minister Pedro Sanchez said at an event in the Basque Region of northern Spain. He stressed that the EU was “prepared” and the member states will “adopt measures proportionate” in response to the tariffs.

    He emphasized EU’s commitment to open trade and cooperation, in contrast to Trump’s promotion of “isolation.” “We will not abandon that route, because we will keep on looking for collaboration between countries, commercial openness and a multilateral system that is more important than ever,” Sanchez said.

    In addition, he rejected Trump’s statement made on Wednesday that the EU was “formed to screw the United States,” arguing that many of the rich in America are, in fact, “thanks to Europe.”

    On social media platform X, Polish Prime Minister Donald Tusk echoed Sanchez’s stance. He posted: “The EU was not formed to screw anyone. Quite the opposite. It was formed to maintain peace, to build respect among our nations, to create free and fair trade, and to strengthen our transatlantic friendship.”

    Adolfo Urso, Italian Minister of Enterprises and Made in Italy, expressed concern over escalating trade tensions with the United States, noting that Italy, with its export-driven economy, is “obviously worried.” Speaking to the media in Paris on Thursday, he stressed the need to avoid a trade war, emphasizing that the West should remain united rather than divided.

    However, Italian industrial leaders have called for a stronger response, blaming Trump’s policy for hindering Europe’s economic development. Emanuele Orsini, president of the Italian industry association Confindustria, warned that Trump’s tariffs disrupt trade dynamics and threaten European businesses and jobs.

    “The real goal of the U.S. is the deindustrialization of our continent,” he said in a statement. “Europe must change the gear: time is up. The measures announced today in Brussels are insufficient,” he added, calling it a “dark hour” for Europe. 

    MIL OSI China News –

  • MIL-OSI New Zealand: Going for Housing Growth: Infrastructure Funding and Financing Act changes to enable flexible growth

    Source: New Zealand Government

    Parliamentary Under-Secretary for Infrastructure Simon Court has today announced decisions to reform the Infrastructure Funding and Financing Act (IFFA) to help growth pay for growth in a way that is more responsive to demand.
    “The IFFA’s primary focus is to facilitate the delivery of infrastructure for housing in a responsive way. Providing for this ‘demand-led’ growth is a key part of Minister Bishop’s ‘Going for Housing Growth’ programme.
    “The IFFA involves the establishment of a ‘special purpose vehicle’ to finance the infrastructure needed to enable development, which is repaid by levying the properties which benefit – all off councils’ balance sheets. This reduces reliance on ratepayers to cross-subsidise growth infrastructure, facilitating growth that is more commercially viable.
    “It was born out of a market innovation success story, where a developer established a pathway to build the infrastructure needed for the Milldale development without having to contend with council infrastructure funding and debt constraints.
    “Yet, while it was intended to codify this approach to replicate this success, the IFFA has fallen short of delivering additional infrastructure needed to respond to growth.
    “We’re aware of limitations and unnecessary, bureaucratic hurdles that add cost and inhibit its potential to deliver, which is why we’ve committed to a range of changes.”
    Key changes include:
    Expanding uptake and use cases 

    Extending access to a variety of users including water entities under Local Water Done Well and NZTA as part of a funding stack for transport infrastructure investment where it increases development capacity.
    Supporting developer-led proposals including by requiring levy and infrastructure authorities like councils to provide the necessary endorsements where statutory requirements are met, limiting avenues for councils to obstruct approval.
    Enabling levy deferrals so where affordability is an issue there are options for property owners to defer payment to a later date or until a specified triggering event.
    Clarifying project eligibility to explicitly include projects commissioned up to two years prior to the levy proposal submission.
    Enabling use for development levies by removing the requirement that there be a direct link between an IFFA levy and an infrastructure project where the IFFA is to be used to finance payment of development levies.

    Streamlining levy development and approval 

    Rationalising information and endorsement requirements by removing duplicative and largely redundant requirements and ensuring levy documentation delivers the right information, in the right format, to the right people, to get the right decisions.
    Removing unnecessary steps, including removing the ministerial affordability assessment where a developer has either been the proponent, or where all affected parties have agreed.

    Other changes to increase certainty and confidence 

    Providing SPVs certainty by clarifying their ability to directly commence recovery action for unpaid levies.
    Ensuring that councils can request to be reimbursed for costs which are incurred in administering levies, as a condition for providing the necessary endorsements.
    Clarifying protected Māori land provisions to fix an ambiguity around protection as it relates to general land which was formerly Māori freehold land.
    Preventing double dipping by ensuring IFFA levies and development levies cannot be used to pay the same cost twice.

    “These changes will deliver a more usable pathway that can be accessed by developers and others to deliver infrastructure that may not have been planned for by councils.
    “Together with the other infrastructure levers announced today, and the wider programme of change through Going for Housing Growth, these changes will contribute to a more balanced system that accommodates flexible, demand-led growth.”

    MIL OSI New Zealand News –

  • MIL-OSI USA: Statement from Governor Phil Scott on Vice President Vance’s Family Trip to Vermont

    Source: US State of Vermont

    Montpelier, Vt – Governor Phil Scott today issued the following statement in anticipation of Vice President Vance’s family trip to Vermont:

    “I welcome the Vice President and his family to Vermont and hope they enjoy their weekend here. It’s no surprise they chose Vermont, we’ve had a lot of snow this winter, which has been good for our economy. And while we’ve all been doing a lot of shoveling and plowing, Vermonters know it’s part of a rugged and adventurous way of life that makes our winters worthwhile.   

    “I hope Vermonters remember the Vice President is here on a family trip with his young children and, while we may not always agree, we should be respectful. Please join me in welcoming them to Vermont, and hoping they have an opportunity to experience what makes our state, and Vermonters, so special.”  

    ###

    MIL OSI USA News –

  • MIL-OSI: Prospera Announces Monthly Operations Update and Increase to Term Loan

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“)

    Prospera Energy remains committed to providing stakeholders with transparent, timely, and data-driven updates on operational performance and field developments. This monthly report delivers key insights into the company’s production trends, optimization initiatives, and strategic advancements. All production figures represent the Company’s gross sales, reported in accordance with NI 51-101 and applicable industry standards.

    Production averaged 680 boe/d (92% oil) from February 1st-25th, with production peaking on February 25th at 798 boe/d (92% oil), despite extreme winter conditions including record low wind chills reaching -47°C on several days. This production growth reflects the Company’s continued efforts to optimize well performance and bring additional production online.

    The company continues advancing its Hearts Hill workover program with seven of eleven wells now completed, achieving capital efficiency of less than $5,000 per boe/d. In mid-February, Prospera deployed a second service rig to accelerate its Luseland workover program with three of ten wells now completed. The program’s first three wells have come in 24% under budget, while still in the clean-up and load fluid recovery phase.

    The company is specifically targeting high-impact Luseland workovers, including wells with significant reservoir and production potential that have remained offline for the last 10 to 15 years. These wells were previously inactive due to lower commodity prices, lack of operational focus, limited capital availability of past operators, and outdated heavy oil downhole technology which has since seen a step change during this timeframe and which Prospera can now leverage. Additionally, the Company has initiated a review of several enhanced oil recovery techniques, including polymer flooding, steam injection, injector conversions to improve waterflood sweep, and facility debottlenecking to optimize production efficiency.

    Reaffirming its commitment to strengthening its financial position, Prospera has successfully negotiated structured payment plans and arrangements with its top 50 vendors ranked by outstanding accounts payable arrears. This initiative marks a significant step toward reducing liabilities, enhancing cash flow management, and fostering long-term vendor partnerships—ensuring the Company can execute its development plans with greater financial flexibility.

    The company continues to make significant strides in addressing MER and AER non-compliances including spill pile clean-ups, well and lease signage, mineral lease reacquisitions, general housekeeping, and annulus/packer fixes, ensuring adherence to regulatory standards while maintaining operational efficiency. These compliance efforts remain a top priority as Prospera reinforces its commitment to responsible resource development.

    The pipeline cutout failure analysis and third-party engineering review for both Hearts Hill pipeline failures have been completed and shared with the appropriate regulatory bodies. The conclusions from these evaluations have been incorporated into Prospera’s field-wide development strategy, as well as its abandonment, reclamation, and turnaround initiatives.

    In Brooks, the company continues to accelerate well production by increasing fluid level drawdown, implementing casing gas compression to alleviate pressure on the reservoir, and enhanced wax and scale mitigation strategies. These efforts have led to increased production, with additional optimization capacity available on these fronts. Preparatory work in Brooks is ongoing, including evaluations of acid fracs versus cross-linked gel fracs and the most effective matrix stimulation techniques for the Pekisko wells. AFE’s have been finalized for various projects and are ready to be capitalized as part of the company’s development plans.

    The company has completed extensive reviews of the nine horizontal wells drilled in 2023 in the Cuthbert pool, as only three of the wells are performing to expectations. The six lower-producing wells have been analyzed through reservoir engineering, geological assessments, and drilling post-mortem analysis. Plans are in place to conduct workovers on four of these wells over time, with one specific workover scheduled for later in Q1.

    Replacement of worn-out field equipment has accelerated, with new and rebuilt engine installations being completed across all fields. Plans are in place to purchase additional new and rebuilt engines as wells are brought online. Lease operating cost reviews are now being conducted more frequently, with a current focus on optimizing electricity costs, flushby costs, and the transportation of oil from our batteries to sales points.

    Loan Amendment Update
    The Corporation announces a further amendment to its $11,000,000 promissory note, originally dated July 7, 2024, in collaboration with its principal lender. Following previous increases, an additional $1,550,000 has been added, bringing the total principal amount to $14,500,000. The note retains its original terms, including a 12% interest rate and a two-year maturity, with no other changes. This amendment remains subject to acceptance by the TSXV.

    About Prospera

    Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company’s core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF.

    Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera’s working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting.

    For Further Information:

    Shawn Mehler, PR
    Email: investors@prosperaenergy.com

    Chris Ludtke, CFO
    Email: cludtke@prosperaenergy.com

    Shubham Garg, Chairman of the Board
    Email: sgarg@prosperaenergy.com

    FORWARD-LOOKING STATEMENTS

    This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will,” “may,” “should,” “anticipate,” “expects” and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

    Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

    The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

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

    The MIL Network –

  • MIL-OSI Security: Two Southern California Men Arrested on Indictment Alleging Scheme Targeting Elderly Victims and Causing $10 Million in Losses

    Source: Office of United States Attorneys

    LOS ANGELES – Two men living in Southern California were arrested today for allegedly leading a complex money laundering scheme that targeted more than 100 victims, many of whom were targeted because they were elderly, and caused victims more than $10 million in losses.

    Sylas Nyuydzene Verdzekov, 38, of Chino Hills, and Lovert Che, 44, of Lomita, were taken into federal custody today. A third defendant, Mustapha Nkachiwouo Selly Yamie, 29, of Inglewood, is being sought by law enforcement. Each defendant is charged with one count of conspiracy to commit money laundering.

    Verdzekov and Che are expected to be arraigned this afternoon in United States District Court in downtown Los Angeles.

    “As the indictment alleges, these defendants built a sophisticated fraud and money laundering scheme that targeted and preyed on our most vulnerable citizens.  They not only stole the victims’ money, but robbed them of their security and trust,” said Acting United States Attorney Joseph T. McNally. “Let this serve as a clear message: If you defraud members of our community, especially the elderly, we will hold you accountable to the fullest extent of the law.”

    “Financial fraud against our elder population has unfortunately lined the pockets of several transnational criminal organizations,” said HSI Los Angeles Acting Special Agent in Charge John Pasciucco. “HSI and our law enforcement partners remain committed to protecting our most vulnerable and ensuring the public is informed of the red flag indicators of elder fraud.”

    According to the indictment, from at least November 2021 and continuing to the present, Verdzekov, Yamie, and Che, and their co-conspirators, created fake identification documents of fictitious people, including passports and driver’s licenses. Using these fake documents, the defendants and their co-conspirators created at least 36 shell companies in California, which conducted no legitimate business and were created solely to advance their crimes.

    Verdzekov, Yamie, and Che, and their co-conspirators, opened at least 145 bank accounts and at least 32 private mailboxes across Southern California using the fake identities and sham businesses.

    In one scheme specifically targeting elderly victims using phone calls and email pop-ups, the defendants and their co-conspirators posed as law enforcement personnel or employees with well-known companies attempting to help the victims maintain the security of their accounts. They then allegedly fabricated claims of victim bank accounts or payment accounts being compromised and needing to be resolved quickly.

    The defendants and their co-conspirators convinced the victims of their purported authority through pictures of fake badges and fake job titles, then requested the victims’ personally identifiable information (PII) and bank account information. Victims were told they needed to move money from their corrupted accounts quickly to ensure they kept all their money, and to move it into accounts that Verdzekov, Yamie, and Che, and their co-conspirators, fraudulently opened and controlled. Victims typically moved money via electronic bank transfers, money orders, cashier’s checks, or personal checks into these fraudulent bank accounts or mailboxes. 

    The defendants and their co-conspirators then deposited the ill-gotten gains into the bank accounts they controlled with the intent of disguising the ownership and control of the funds. Verdzekov, Yamie, Che, and their co-conspirators then withdrew large cash amounts to use the stolen funds on personal expenses, including rental payments.

    In a similar scam, the defendants and their co-conspirators allegedly posed as a real estate owner selling property. Using fake identification and credentials, the defendants deceived victims into believing that they were entering into a legitimate sale of the property and tricked the victims into wiring money or mailing a check to an account or mailbox the defendants and their co-conspirators controlled.

    In total, Verdzekov, Yamie, and Che, and their co-conspirators, laundered at least $10 million in funds taken from at least 100 victims. 

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    If convicted, the defendants would face a statutory maximum sentence of 20 years in federal prison.

    Homeland Security Investigations’ Document Benefit Fraud Task Force, the FBI’s Honolulu Field Office, the U.S. Department of State’s Diplomatic Security Service (DSS), and the United States Postal Inspection Service are investigating this matter.  The investigation remains ongoing.

    If you think you have been a victim of a scam, immediately contact your bank or financial institution to request a recall or reversal as well as a Hold Harmless Letter or Letter of Indemnity and contact local law enforcement. Additionally, file a detailed complaint with the Internet Crime Complaint Center at www.ic3.gov. The Internet Crime Complaint Center is run by the FBI and serves as the country’s hub for reporting cybercrime. 

    Assistant United States Attorneys Sarah S. Lee and Gregg E. Marmaro of the Major Frauds Section are prosecuting this case.

    MIL Security OSI –

  • MIL-OSI USA: As tariffs loom, Republicans block Senator Coons’ bill on Senate floor that would prevent President Trump from unilaterally imposing tariffs on allies

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons
    WASHINGTON – U.S. Senator Chris Coons (D-Del.) went to the Senate floor today to ask for unanimous consent to pass his Stopping Tariffs on Allies and Bolstering Legislative Exercise of (STABLE) Trade Policy Act. The legislation, co-led with Senator Tim Kaine (D-Va.), would prevent any president from imposing tariffs on U.S. allies and free trade partners without congressional approval.
    The STABLE Trade Policy Act would institute a requirement of congressional approval before a president could impose new tariffs on U.S. allies and free trade agreement partners. Currently, the president can impose tariffs on any nation using authorities that Congress created to combat national security risks and address international emergencies. President Trump has used these authorities to impose 25% tariffs on Mexico and Canada, which were set to go into place on February 1 and then delayed by a month. They are now expected to be implemented this coming week.
    In addition to the tariffs on Mexico and Canada, President Trump has also claimed he will impose “reciprocal” tariffs on the European Union and additional tariffs on all imports of steel, aluminum, microchips, pharmaceuticals and automobiles. Further rounds of tariffs against Mexico and Canada are also possible. Immediate passage of the STABLE Trade Policy Act would prevent President Trump from implementing these subsequent tariffs without congressional approval.
    “These tariffs will be disastrous for our economy and our national security,” Senator Coons said on the Senate floor. “These tariffs will cost the average American household about $1,200 a year. They’ll raise costs for avocados and appliances, diesel fuel and dog toys, car parts and Christmas tree lights, tomatoes and tequila––I could go on.”
    Senator Coons said that even if Trump delays the tariffs at the last minute, the uncertainty still raises costs for businesses and consumers. He emphasized that imposing tariffs on our closest allies and free trade partners will only weaken U.S. global standing and make our allies less likely to stand with us in the future.
    “These tariffs, if imposed, will make inflation worse and hit the lowest income Americans the hardest. They will impact American businesses, American families, and American communities,” said Senator Coons. “So, I hope that working together with my friends and colleagues here in the Senate, we can find ways to lower costs on pharmaceuticals and automobiles and microchips––but sparking tariff wars in our region and around the world is not the way to do that.”
    U.S. Senator Mike Crapo (R-Idaho) objected. 
    A video and transcript of Senator Coons’ comments are available below.
    WATCH HERE.
    Senator Coons: Mr. President, I rise today to seek unanimous consent for my STABLE Trade Policy Act with Senator Kaine––an act that would prevent any president from imposing tariffs on a U.S. ally or free trade agreement partner without congressional consent. I’ll make that motion in just a moment, but let me first just explain what this is and why I’m doing it. Next week, President Trump has announced plans to impose 25% tariffs on products coming into the United States from Mexico and Canada––our number one and number two trading partners. These tariffs will be disastrous for our economy and our national security. These tariffs will cost the average American household about $1,200 a year. They’ll raise costs for avocados and appliances, diesel fuel and dog toys, car parts and Christmas tree lights, tomatoes and tequila––I could go on. 
    Our economies are so closely integrated––the United States, Canada and Mexico–– that it will increase the cost of a GM pickup truck about $10,000, and even if these tariffs at the last minute are delayed, businesses are hurt by the uncertainty, which continues to increase costs. President Trump plans to follow those tariffs with reciprocal tariffs on the EU, which includes many of our critical NATO allies and closest partners. Imposing tariffs on our allies and partners diminishes our standing in the world and makes our neighbors less likely to help us in the future.
    It’s no surprise that Americans think this is a terrible idea. Barely a quarter of Americans think imposing tariffs on Canada are a good idea. More than double that disapprove. President Trump has already declared an economic emergency to justify imposing these tariffs on Mexico and Canada, but my bill with Senator Kaine would prevent him from abusing long established national security authorities to follow through on further tariff threats against our allies and FTA partners.
    The U.S. Constitution and the Commerce Clause – Article I, Section Eight – gives Congress jurisdiction over trade policy, and it’s time that we took ownership back, controlling the ability to impose tariffs willy-nilly on our trusted partners and allies by passing this bill and reining in President Trump’s costly and damaging ideas. And so, Mr. President, I ask unanimous consent that the Committee on Finance be discharged from further consideration of Senate Bill 348, and the Senate proceed to its immediate consideration, that the bill be considered [to be] read a third time and passed, and that the motion to reconsider be made and laid upon the table.
    …
    Senator Coons: Mr. President, I understand that Senator Crapo, the Chairman of the Finance Committee, a supporter of President Trump, has blocked this bill today, and I hope to find ways to work with him on improving market access and on elevating the quality and the capabilities of U.S. trade engagement with our partners. But I really don’t understand why President Trump seems so intent on harming one of his signature accomplishments––the USMCA. I’m disappointed because Congress gave the president authority to impose tariffs in the event of a national security crisis, Congress did not grant this power to pursue petty grudges against trusted neighbors. Honestly, how can anyone be angry at Canadians? They are the nicest people in the world, and yet here they are, working with us, pleading with us to not impose ruinous tariffs that would harm their economy and ours. 
    I’ll briefly then just make again a few simple points. I’m disappointed that President Trump isn’t doing more to reduce costs. He was elected in no small part because of high inflation and promised it would come down on day one. These tariffs, if imposed, will make inflation worse and hit the lowest income Americans the hardest. It will impact American business, American families, and American communities. 
    So, I hope that working together with my friends and colleagues here in the Senate, we can find ways to lower costs on pharmaceuticals and automobiles and microchips, but imposing reciprocal tariffs on trusted friends and allies,sparking tariffs wars in our region and around the world, is not the way to do that. Two-thirds of Americans already think that President Trump isn’t doing enough to lower costs. Blocking this bill will only accelerate that, if President Trump continues to act unwisely and bully and threaten our closest and most trusted partners. We must find a better way forward together.

    MIL OSI USA News –

  • MIL-OSI USA: Sens. Moran, Coons Introduce Legislation to Bolster Trade Negotiations with the United Kingdom

    US Senate News:

    Source: United States Senator for Kansas – Jerry Moran

    WASHINGTON – U.S. Senators Jerry Moran (R-Kan.) and Chris Coons (D-Del.) today reintroduced the Undertaking Negotiations on Investment and Trade for Economic Dynamism (UNITED) Act. Their legislation would authorize the Trump Administration to reach a trade agreement with the United Kingdom that will open export opportunities for businesses of all sizes, strengthen critical supply chains and advance economic prosperity for people in both nations. The UNITED Act also requires the administration to work closely with Congress throughout the process to make certain that any agreement advances congressional trade policy priorities. Companion legislation was introduced in the U.S. House of Representatives by Congressmen Adrian Smith (R-Neb.) and Jim Himes (D-Conn.).

    The bill’s reintroduction comes as U.K. Prime Minister Keir Starmer arrives in Washington today to meet with President Trump at the White House.

    “Strengthening our economic relationship with the United Kingdom will bolster our strategic interests and create opportunities for American producers and businesses,” said Sen. Moran. “The U.K. is one of our oldest and closest allies, and creating a new free trade agreement would reduce consumer costs, increase production, and open new markets for a variety of industries, including Kansas agriculture, biofuels, and aerospace products.”

    “We should be building on the strong trade relationships and close partnership that we share with the United Kingdom. A comprehensive free trade agreement with the United Kingdom would advance both countries’ strategic and economic interests while creating new economic opportunities for Delaware workers, businesses, and consumers,” said Sen. Coons. “This bill demonstrates the strong bipartisan support in Congress for restarting negotiations with the U.K. on a trade deal that sets ambitious international standards for our shared priorities on climate, labor protections, digital trade, intellectual property rights, and many other areas.”

    “There’s no better way to strengthen ties with a historic partner like the United Kingdom than coming together to develop a comprehensive trade agreement,” said Rep. Smith. “In 2022, I had the opportunity to lead a bipartisan congressional delegation to the UK where I saw firsthand the value such an agreement holds for both our countries. In his first term, President Trump initiated trade talks with the UK and more broadly demonstrated his ability to negotiate deals of mutual benefit. Congress should do everything possible to keep pace and empower his vigorous engagement. The UNITED Act is a bipartisan effort to move into the future of rules-based trade relations by promoting expanded access to international markets eager for our products and safeguarding American innovation. I thank Representative Himes and Senators Moran and Coons for their cooperation on this legislation.”

    “Strong trade partners are critical to a prosperous economy—creating jobs, increasing opportunities for businesses, and bringing down costs for consumers,” said Rep. Himes. “The UNITED Act builds on our existing special relationship with the United Kingdom and paves the way for a new, comprehensive free trade agreement.”

    The U.S.-Mexico-Canada Agreement (USMCA), which passed the Senate with overwhelming bipartisan support in 2020, set high standards for fair and competitive trade. The UNITED Act encourages the executive branch to build on those standards in negotiations with the U.K. in order to make certain U.S. workers and companies can compete on a level playing field.

    The text of the bill is available here.

    MIL OSI USA News –

  • MIL-OSI USA: What They Are Saying: Broadband Industry Leaders Applaud Introduction of the Broadband Grant Tax Treatment Act

    US Senate News:

    Source: United States Senator for Kansas – Jerry Moran

    WASHINGTON – U.S. Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.) led the introduction of the Broadband Grant Tax Treatment Act to amend the Internal Revenue Code to make certain that federal broadband deployment funding will not be considered taxable income. This legislation received support from businesses, universities and associations across Kansas and the nation. Statements in support of the Broadband Grant Tax Treatment Act can be found below:

    “We appreciate the leadership of Senators Moran and Warner for their efforts to eliminate the tax on broadband grants to ensure more investment can connect more of our citizens and communities. Their bill is as pro-consumer as it gets.” – Brandon Heiner, Senior Vice President of Government Affairs at USTelecom – The Broadband Association

     

    “CTIA commends the bipartisan work of Senators Warner and Moran to reintroduce the Broadband Grant Tax Treatment Act in this Congress. Guaranteeing that grant funds can be optimally spent as intended will encourage the investments that reinforce and accelerate broadband deployment. This legislation will help ensure all Americans have access to world-leading wireless networks and that the United States is first globally in technology.” – Kelly Cole, Senior Vice President of Government Affairs at CTIA

     

    “NTCA and its members greatly appreciate Congress’s commitment to funding broadband deployment programs that help further the mission of connecting all Americans. However, when these funds are taxed, providers are required to pay the federal government a portion of the same award that they received from the federal government, instead of using the funds to serve the hardest-to-reach communities. NTCA thanks Sens. Moran and Warner for their leadership in introducing this commonsense legislation to ensure that every dollar granted for broadband deployment is used effectively to further the mission of connecting all Americans.” – Shirley Bloomfield, CEO of NTCA – The Rural Broadband Association

     

    “Grant funding has the potential to make sure that our rural and underserved communities receive connectivity through wireless and broadband services, but the impact that these grants can have is limited if those grants are taxed, undercutting the potential of federal broadband programs. Federal broadband grants should be free from taxation to ensure that every dollar goes towards connecting Americans. I applaud Sens. Moran (R-KS) and Warner (D-VA) for leading this bill in the Senate and urge its swift passage.” – Tim Donovan, President & CEO of The Competitive Carriers Association (CCA)

     

    “INCOMPAS members are building networks of the future with a mission to connect all Americans. Public-private partnerships are a critical component to help achieve this goal. This bill will ensure every single dollar allocated to deploying broadband goes to deploying broadband. INCOMPAS wholeheartedly supports this commonsense measure and urges Congress to act swiftly to ensure our members can continue to use critical grant resources to bridge the digital divide.” – Chip Pickering, CEO of INCOMPAS

    “ACA Connects thanks Senators Jerry Moran and Mark Warner for leading on the Broadband Grant Tax Treatment Act. This bipartisan legislation will ensure 100 percent of broadband grants are used to close the digital divide. America’s small and independent providers support this bill to make every dollar count as they invest in their communities, deploy infrastructure, and connect more people to high-speed internet.” – Grant Spellmeyer, President & CEO of ACA Connects

     

    “We applaud Senators Moran and Warner for reintroducing this bipartisan legislation to make sure the small, rural broadband providers we represent don’t get stuck with a major tax bill when they accept government grants to build broadband networks – Advocates for Rural Broadband. Congress has made an historic level of investment in broadband over the past several years and we want to see it pay dividends. Every dollar diverted to paying taxes on government grants is a dollar that is not invested in the network and connecting all Americans to broadband.” – Derrick Owens, Senior Vice President for Government and Industry Affairs for WTA – Advocates for Rural Broadband

     

    “TIA is pleased to see the reintroduction of the Broadband Grant Tax Treatment Act (BGTTA) by Senators Warner and Moran. This crucial legislation addresses a significant issue affecting the deployment of high-speed broadband networks across the United States. The broadband programs established under the Infrastructure Investment and Jobs Act (IIJA), particularly the $42.5 billion Broadband Equity, Affordability, and Deployment (BEAD) program, have the potential to connect all Americans to high-speed broadband. However, the current tax treatment of all federal broadband grants, including BEAD, as taxable income significantly reduces the funds available for building these networks. This unintentional tax burden significantly limits potential applicants for larger projects and could deter small service providers from seeking broadband funding. As Congress and President Trump’s administration work on streamlining BEAD requirements, it is imperative that Congress passes the BGTTA to ensure these dollars are used for their intended purpose: Connecting Americans with high speed, secure broadband.” – The Telecommunications Industry Association (TIA)

    “The Infrastructure Investment and Jobs Act’s purpose is to spur infrastructure deployment, but short-sighted tax policy currently limits the potential reach of broadband grants, undercutting our goal of enabling connectivity everywhere.  Senators Moran and Warner’s common sense Broadband Grant Tax Treatment Act will ensure we can finish the job and close the digital divide.” – The Wireless Infrastructure Association (WIA)

    “Since the pandemic, Congress has appropriated billions of dollars to accelerate the deployment of broadband networks in unserved areas so all Americans, no matter where they live, can get online.  Significant portions of that funding are presently taxable, and every dollar returned to Washington is one less dollar available to connect unserved communities. We therefore commend Senators Warner and Moran for introducing the Broadband Grant Tax Treatment Act, a pragmatic solution which eliminates the tax on broadband grants so that those funds can more ably meet Congress’ important universal service goals. Connected communities are more prosperous communities, which is the ultimate goal of Internet-for-All.” – Matt Mandel, Vice President of Government Affairs at The Wireless Internet Service Providers Association (WISPA)

    “The Communications Infrastructure Contractors Association and our 1,000 member companies from coast to coast are proud to support the Broadband Grant Tax Treatment Act that was recently introduced in the 119th Congress. NATE member companies are on the front lines of deployment and will play an instrumental role in closing the digital divide. It is imperative that the entirety of federal broadband dollars allocated for these purposes go towards connectivity, rather than making their way back to the government through taxes. We thank Senators Jerry Moran and Mark Warner for bringing this legislation forward in the Senate and also applaud Representatives Mike Kelly and Jimmy Panetta for spearheading this important proposal in the House of Representatives.” – Todd Schlekeway, President & CEO of NATE – The Communications Infrastructure Contractors Association

    “I would like to thank Senator Moran on his leadership in the effort to address the taxation challenge on federal broadband grants. Nex-Tech is a broadband provider committed to expanding high-speed internet access in rural Kansans, and I wholeheartedly support the Broadband Grant Tax Treatment Act. This legislation ensures that every dollar of federal grant funding can be fully utilized for broadband deployment, rather than being diminished by taxes. By removing this financial barrier, it will allow us to fully utilize funding for the delivery of essential internet services to underserved areas, fostering economic growth and improving quality of life for areas served by Nex-Tech.” – Jimmy Todd, CEO & General Manager of Nex-Tech

    “We are pleased to hear the about the introduction of the ‘Broadband Grant Tax Treatment Act’ by Senator Moran and his colleagues. The current method of taxing grant dollars greatly limits the dollars available to build out broadband networks to these unserved parts of Kansas in need of reliable broadband. We support this legislation and appreciate the work Senator Moran has done to introduce this bill as we continue work to close the digital divide.” – Greg Reed, CEO of Wheat State Technologies

     

    MIL OSI USA News –

  • MIL-OSI Australia: Light at the end of Sydney’s secret train tunnels

    Source: New South Wales Ministerial News

    Published: 28 February 2025

    Released by: Minister for Transport

    Abandoned train tunnels 20 metres below the Sydney CBD have been turned into a historic tourist hotspot after a million-dollar makeover by the Minns Labor Government.

    Built in the 1920s, visitors will be able to explore hidden parts of the St James Tunnels following restoration and revitalisation works to create a unique underground experience.

    St James Tunnels will combine a historical walking tour with an immersive multimedia and soundscape attraction, offering visitors a snapshot of our city’s transport and wartime past.

    Once utilised as a World War II air raid shelter, tour groups will be able to walk through the disused southern tunnel, extending under Hyde Park, from busy St James station.

    The tunnels were part of visionary engineer John Bradfield’s intended east-west rail corridor, but this was abandoned in the face of the Great Depression and disagreements over rail routes.

    Two of the constructed tunnels at St James station have been in continuous use as part of the City Circle since opening in 1926, but the other two were never put into active service.

    Experience-led tourism is a key priority of the NSW Government, with plans to help transform the state’s visitor economy into a $91 billion powerhouse by 2035.

    The St James Tunnels tour is expected to be a visitor drawcard, similar to award-winning attractions in London which explore disused tube stations and secret wartime shelters.

    The tour is anticipated to run several times a day and will be suitable for visitors aged 13 and above. Once an operator is appointed, tours are expected to commence later this year.

    Minister for Transport John Graham said:

    “These historic tunnels are more than just infrastructure; they are an expression of Sydney’s development as a modern, international city. These tunnels belong to the people of NSW, so it’s fantastic news that they’ll become another of our city’s great public spaces.

    “Tours like Bridgeclimb on the Harbour Bridge are now a must-do experience for Sydney locals and visitors alike. In time, we want to see tours of the St James tunnels become just as popular.

    “I want to congratulate the teams who worked so hard underground in a difficult environment to preserve the heritage of the site and reimagine it into an exciting and educational experience.

    TAM Chief Executive Lyndal Punch said:

    “Transport Asset Manager of NSW (TAM) is proud to be leading this innovative project, unlocking a disused, historic rail asset while using multimedia technology to tell the story of Sydney’s city railway development.

    “This new visitor attraction will ensure the stories of the past continue to inspire future generations.”

    Sydney Trains Chief Executive Matt Longland said:

    “We are very excited be part of this unique transport project which is turning a once disused and unseen heritage site into a fascinating, interactive and educational visitor experience.

    “The St James Tunnels are a window into our transport past, a snapshot of World War II history, and the efforts of the workers who built Sydney’s transport infrastructure.”

    MIL OSI News –

  • MIL-OSI USA: Transcript: Governor Hochul is a Guest on ‘Morning Joe’

    Source: US State of New York

    arlier today, Governor Hochul was a guest on MSNBC’s “Morning Joe”.

    AUDIO: The Governor’s remarks are available in audio form here.

    A rush transcript of the Governor’s remarks is available below:

    William Geist, MSNBC:  Let’s bring in New York’s Democratic Governor, Kathy Hochul. Governor, great to have you here.

    Governor Hochul: Thank you.

    William Geist, MSNBC:  So much to talk to you about, including your meeting with President Trump. But what do you think about the idea of former Governor Cuomo being the Mayor of New York City?

    Governor Hochul: My job as the Governor of the State is to work with whomever the voters select as their candidate – their nominee for Mayor.

    I’ve worked with Bill de Blasio. I’ve worked with Mayor Adams. My job is to work closely, unlike the past when it seemed like there always had to be this inherent battle between Albany and New York City. I reject that. And the people are better served when they have a Governor who’s willing to try and help the City, which I’ve been doing.

    William Geist, MSNBC:  Do you think Cuomo would be a good mayor?

    Governor Hochul: God only knows. Who knows? We’ll see. We’ll see. And I don’t know if that’s going to be the case either. So a lot of unknowns, but my view is — my job is to work with whoever the voters want.

    Jonathan Lemire, MSNBC: So Governor, speaking of the current Mayor of New York City, Eric Adams, last week you put some guardrails in place to limit his power. We know that the Mayor is under investigation, and has received some sort of deal from the Trump DOJ. Do you feel like right now, you have left — you had the option to start a process to remove him from power, you opted not to. What would change your mind? Could you revisit that decision?

    Governor Hochul: Certainly. And it’s an extraordinary power — to think that one individual can use her judgment and say that you’ve lost the public trust. And so it’s not one that you take lightly, but I also know there’s a lot of people in the City who are very concerned about the influence of the Trump Administration in our city.

    They’re trying very hard to have control over everything, not just immigration, but even how I control the traffic in New York. So this is a concern. A lot of people are outraged. People are very concerned about this — worried. But I said, “If I can get some controls in place to give me line of sight into budget investigations, legal—” and this has to be approved by the City Council. I can’t even unilaterally do those controls.

    I was just trying to create some safeguards or people can trial dial down the temperature a little bit — and just like I had to do last fall — calm it down and just let people know that we’re fighting for them, working for them, and not all this drama that seems to be just so prevalent all the time.

    New Yorkers are just getting exhausted.

    Mika Brzezinski, MSNBC: Joe, jump in.

    Joe Scarborough, MSNBC : Governor, you talked about traffic and we’ve had Congressman Mike Lawler on, who I think wants your job. And he’s been very critical of congestion pricing, your role in it. I know Donald Trump also has tried to get involved in traffic patterns in New York City.

    Would love for you to respond to those criticisms from Congressman Lawler as well as pushback from Donald Trump on congestion pricing. And is it working?

    Governor Hochul: First of all, I’d be happier if someone like a Mike Lawler and his six colleagues in Congress, the Republicans, instead of making sure that we have people in our state without health care — taking away thousands of individuals’, millions of individuals’ right to be able to get chemo treatments and insulin — to be able to get the health care they need like they voted on the other day saying, “We don’t care about Medicaid.” I’d rather they focus on that, but let me get back to congestion.

    Joe Scarborough, MSNBC: Governor, can I, since you talked about that, I’m really glad you talked about that because this is a common misconception among Republicans, and I know because I used to be one. Most Republicans don’t understand how much rural health care is controlled, is powered by, is supported by Medicaid. Hospitals are shutting down when their Medicaid cuts providers massively in underserved rural communities like upstate New York. And areas where I lived in upstate New York, Medicaid often is where people send their parents in upstate New York if they need long-term care.

    And so I am curious, you look at a map of America, and you see the dark red spots where Medicaid is used — upstate New York is one of those places. I’m wondering what would these Medicaid cuts that Republicans are promising right now, what would these Medicaid cuts do to people who lived in communities like I lived in, in upstate New York?

    Governor Hochul: Joe, you hit on something that is so profound — is that the red parts of even New York and across America, these are the people who are going to be hit hardest by what the Republican members of Congress did, and by drinking the Kool-Aid and not even questioning the merits of destroying a program that so many of their own constituents, their own constituents rely on it.

    If you go back memory lane, 2011, I got elected to Congress in the most Republican district in the State of New York, large swaths of upstate New York. You know how I did that? The Paul Ryan budget came out and declared war on Medicare, and I was able to take that as a long-shot Democrat that no one thought I had a chance to win and weaponize that and say, “You did this to these seniors up in Wyoming County and Orleans County and Niagara County. You’ve hurt the health care system. You’ve made sure this little child who’s got leukemia can never get treatment again because now their insurance company can drop them.” That’s how I won by a fairly good margin in a district that I had no chance in. That’s what we have to remember.

    These Republicans need to own that vote starting now. Show up at their offices and say “Did you ask what the impact is, Joe?” I have rural hospitals on the verge of collapse. Doctors don’t want to go there. But that does not mean I don’t have high pockets of poverty. I have people who have major dental problems. I’m trying so hard to eradicate this. And I’ve got my own Republicans from New York working against me, against their constituents.

    This is all about basic health care, maternal health care. This is about getting your insulin treatments. This is about trying to take care of your cancer. And this is about your grandma and grandpa and maybe your parents sitting in a nursing home because that’s the largest expense for Medicaid. So that’s what they need to own. As I’ve said before, Joe, they break it, they own it. And you now own this.

    Joe Scarborough, MSNBC: And we’re going to get to congestion pricing. I just want to finish on one thought that again, I don’t think most Republicans that voted this way know, or if they do know — man, it sure is a vote against their own constituents, if they’re from rural areas and they represent upstate New York.

    In rural America, almost 50 percent of children get their health care through Medicaid. About 20 percent of adults under the age of 65 get their health care from Medicaid. More people, especially children, a higher percentage of children and adults, get their health care in rural America from Medicaid than do people in urban areas. So they are specifically going after their own constituents, whether it’s upstate New York, whether it’s upstate in Michigan — it is remarkable that they are voting against their own constituents’ interests.

    Governor Hochul: And I’m very happy to remind their constituents of that very fact: that their own elected leaders have betrayed them. And everything that was promised — remember how on day one of the Trump Administration, prices were going to go down? You know what the cost of eggs in New York City are, if you can even find them?

    Mika Brzezinski, MSNBC: You can’t find them.

    Governor Hochul: It went up 40 percent since Donald Trump was elected. So instead of going down, they’re going up even higher. So people are starting to wake up. They’re saying, “Wait a minute, this is not what I thought I was voting for.” And it’s happening even sooner than I thought — literally in the first few months here. I thought this would take a little longer, but my God, they’re self destructing so fast.

    Mika Brzezinski, MSNBC: Yeah. Mike?

    Mike Barnicle, MSNBC: Governor, we’re sitting here this morning in New York City, arguably one of the three most important cities in the world. And as Governor—

    Governor Hochul: I’d say number one.

    Mike Barnicle, MSNBC: Washington’s pretty important.

    Governor Hochul: I lived in Washington, I get it. But we’re still number one.

    Mike Barnicle, MSNBC: Okay. I don’t want to do geography with you.

    Governor Hochul: And then there’s Buffalo.

    Mike Barnicle, MSNBC: Yeah, there is Buffalo, yeah. You know, you’re talking about congestion, parking, traveling, talking subways here in New York, which is the easiest way to get around. And yet the Governor of New York plays an enormous role in New York City in terms of public safety. Finally, New York City, after two or three tries, has a really, really excellent Police Commissioner, Jessica Tisch. How do you, as Governor of New York, help New York City and help the police department, help the subways, help the concept of safety; reducing the concept of fear?

    Governor Hochul: This is the most important thing I can do as Governor: to provide dollars for public safety and programming. We have spent over $1 billion on public safety — much of it for New York City. But, you know what we’re doing right now? I was told that we should have more police officers on the overnight trains. They couldn’t afford the overtime. We’re picking up the tab. No governor has had that level of cooperation to help solve city problems, probably in its history. But I know that if this city is paralyzed with fear and the thought of something happening to themselves or their children on the streets of New York, then all of a sudden it starts to suppress the vitality of the City and people don’t want to come here.

    We have turned the corner on this. I will work with the Commissioner of Police. She is outstanding, and she’s just this down to earth, incredible person who says, “I understand how to get this done.” So, I put cameras in all the subway trains. They said, “It’s going to take two years.” I said, “you’re going to get it done now.” Every single car has a camera to keep an eye on things. I have National Guard all over the streets and also the subway. I said, “I need to have a physical presence to calm it down, especially over the summer and the fall, when things are very anxious,” and paying for the overtime. So, we are making a difference.

    I want you to know that it may not feel it — and I’m not trying to tell everybody how they should feel — but the crowds are back, the energy is back and people are safer than they had been. And the numbers are just extraordinary, but we’re not stopping. We never, never say we’re done with fighting crime. We have to keep doing it, but I want to keep partnering with the city and our commissioner as well.

    But congestion pricing — I love to talk about that too, because that is an area where we have a major conflict. I want you to process this distinction here. The Trump Administration has said that it should be up to the states to decide whether women can control their own bodies, right? States should decide whether they should control their own bodies, but they’re telling me as a state that I can’t control my own traffic? That I have to go to them for approval to control traffic in New York City and deal with a paralyzing congestion problem that — after decades of people talking about it — we finally got it done. And guess what? It is working.

    Everybody should see this brochure that I designed. I’m very proud of this. But it shows all the numbers, the traffic—

    Mika Brzezinski, MSNBC: What was this for, this brochure?

    Willie Geist, MSNBC: It was for a meeting you had.

    Governor Hochul: Yeah, I did make it for the President. But I’m willing to share it with all of you.

    Mika Brzezinski, MSNBC: Okay.

    Governor Hochul: I took this to the White House when I was there with the governors in the afternoon. I said to the President’s staff, I said, “I still need that conversation about congestion pricing that he promised me.”

    So I got called back to go over there at 6:00 last Friday evening. I went over there and went in the White House by myself, and I was greeted by serious members of his cabinet who were in his office as well. We sat all together, but I said, “Mr. President, you’re a New Yorker.”

    First of all, the most offensive thing I found in the letter from Sean Duffy was citing New Jersey, saying they don’t like this program. I said, “Mr. President, we’re both New Yorkers. What do we care what New Jersey thinks?”

    Willie Geist, MSNBC: Easy, come on, I’m from Jersey.

    Governor Hochul: It’s a lovely place, but you know what? Your ride in if you are taking the tunnels – it’s 48 percent faster. So, I want New Jersey residents to come here. Come, you’re part of an important part of our economy. And if you’re still driving — and although 90 percent of you take public transit, which is why I need to keep this money coming to investment — the vast majority of you are taking public transit, but if you’re driving, I just gave you the gift of time. Yes, I’m sorry there’s a cost to it, but that’s what the concept of congestion pricing is all about.

    This city is in a different place than it was before congestion pricing. I need to continue proving this to the President.

    Mika Brzezinski, MSNBC: Ambulances can get to the hospital; that would be the bottom line.

    Governor Hochul: Delayed buses are now down 48 percent. Kids are getting to school sooner. It has had a profound impact on the lives of New Yorkers. We have to fight to keep it going, and that’s why I’m taking it to the courts and I’ll take it wherever I can. And they’re telling us we have to have an orderly cessation by the end of March. I’m saying I’m going to have an orderly resistance. We are not turning off the cameras.

    Willie Geist, MSNBC: And as you spoke New Yorker to New Yorker to the President of the United States, what did he say? How did he respond to your case?

    Governor Hochul: He said it’s a terrible tax — terrible tax on the working class. And I said, “The vast majority of people go into that district, take public transit. You’re going to have to give me $15 billion to invest in a subway system then.” If I lose $15 billion that we’re able to leverage with the money brought in by congestion pricing, then I won’t be able to fix the stations and the repairs and the new buses I need.

    And I said to everybody, and when he sent out his “Trump is the King” picture in the paper — if you saw that cover, that’s what they tweeted when he said “Long live the king,” when he killed congestion pricing. I said, “You know what? I need this to work. I need this to work. And we cannot be dictated to by someone who calls himself a king.” This is America. This is New York.

    Mike Barnicle, MSNBC: What did he say?

    Governor Hochul: I said that, yeah.

    Mike Barnicle, MSNBC: But what did he say?

    Governor Hochul: I just said — I don’t remember what he said. I just said, “It’s not about being a king. It’s not about being a king.” And I’m trying to find a common ground here. I want him to understand that this is a city that he cares about. And he understands it more than any president since FDR.

    We haven’t had a New York president, but more than anyone, he’s got property here. He understands we want to make sure that this city keeps moving. So I was just trying to appeal to him as a New Yorker and say, “This is good for New York.” I said, I wasn’t sure it was going to work like this. Guaranteed I was, this is a little bit of an experiment, but I think other cities are going to look at what we’re doing here and say that we reduce congestion. We also improve the quality of life dramatically for everyone who lives in this district. So we’re a model and I just hope the President will give us another chance to prove this.

    And as a lot of friends he has and business leaders and people that own the real estate and see what’s happening, they should be calling him up and talking about this. So it ain’t over.

    Mika Brzezinski, MSNBC: It ain’t over. New York State’s Democratic Governor, Kathy Hochul. Thank you very much.

    MIL OSI USA News –

  • MIL-OSI USA: Announcing the NYC DRI and NY Forward Program Winner

    Source: US State of New York

    overnor Kathy Hochul today announced that the Bronx neighborhood of Greater Morris Park will receive $20 million in funding as the New York City winner of the eighth round of the Downtown Revitalization Initiative (DRI) and the third round of NY Forward. Recognizing the unique scale and density of New York City neighborhoods, New York City NY Forward and DRI funding are being combined into one $20 million award. For Round 8 of the DRI and Round 3 of the NY Forward Program, each of the state’s 10 economic development regions are being awarded $10 million from each program, to make for a total state commitment of $200 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods.

    “We are making an historic investment in Greater Morris Park with this $20 million combined award from our Downtown Revitalization Initiative and NY Forward programs,” Governor Hochul said. “Through this investment, we’re giving local leaders the tools they need to enhance the quality of life for New Yorkers in their community, draw visitors, and spur economic opportunity in the Bronx for generations to come.”

    To receive funding from either the DRI or NY Forward program, localities must be certified under Governor Hochul’s Pro-Housing Communities Program – an innovative policy created to recognize and reward municipalities actively working to unlock their housing potential and encourage others to follow suit. Governor Hochul’s Pro-Housing Communities initiative allocates up to $650 million each year in discretionary funds for communities that pledge to increase their housing supply; to date, 277 communities across New York have been certified as Pro-Housing Communities. This year, Governor Hochul is proposing an additional $100 million fund to assist certified Pro-Housing Communities with critical infrastructure projects necessary to create new housing as well as $10.5 million for technical assistance grants to help communities design and adopt policies that foster housing growth.

    Many of the projects funded through the DRI and NY Forward support Governor Hochul’s affordability agenda. The DRI has invested in the creation of more than 4,400 units of housing – 1,823 of which are affordable or workforce. The programs committed over $8.5 million to 11 projects that provide affordable or free childcare and childcare worker training. DRI and NY Forward have also invested in the creation of public parks, public art (such as murals and sculptures) and art, music and cultural venues that provide free outdoor recreation and entertainment opportunities.

    $20 Million Combined Downtown Revitalization Initiative and NY Forward Award for Greater Morris Park, Bronx
    Greater Morris Park is largely composed of Bronx Community District 11, as well as part of Community District 10. The neighborhood is home to many medical facilities, comprising one of the largest employment centers in the Bronx, and a top ten job center in all of New York City. This includes the Albert Einstein College of Medicine, Jacobi Medical Center, Calvary Hospital, Montefiore Medical Center, and the Bronx Behavioral Health Center. The Albert Einstein College of Medicine made headlines this year by announcing a generous billion-dollar endowment guaranteeing free tuition to all medical students in perpetuity. The area expects growth in population and economic activity from planned zoning and infrastructure changes, including two new Metro-North stations in the area.

    Morris Park’s vision is to transform the area into a premier transit-oriented development hub leveraging the addition of expanded Metro-North commuter rail service and rezoning, which will allow additional commercial and residential growth to bolster existing economic activity and drive future economic and employment growth. The community’s plan will also support Morris Park’s status as the second largest job center in The Bronx while maximizing the transformative impact of the new commuter rail service. This vision will enable Greater Morris Park to become a complete community that would feature safe streets, green public spaces, and intermodal connections. The Metro-North expansion presents a once-in-a-lifetime opportunity to put in motion transformative changes that will allow both residents and local businesses of Morris Park to thrive.

    New York Secretary of State Walter T. Mosley said, “Morris Park is a vibrant community full of rich history and cultural heritage that is ripe for revitalization. This $20 million in funding will allow the community to leverage its newly expanded rail service to drive both residential and commercial growth, making Morris Park an ideal place for new and existing residents to live, work and play. Congratulations to Morris Park and all of the Bronx!”

    Empire State Development President, CEO and Commissioner Hope Knight said, “The $20 million investment in Greater Morris Park represents a strategic opportunity to transform one of the Bronx’s key economic engines into an even more vibrant, transit-oriented community. By leveraging the area’s strong medical and educational institutions alongside the planned Metro-North expansion, we’re creating the conditions for sustainable economic growth while ensuring residents benefit from improved connectivity, enhanced public spaces, and new housing opportunities. This investment exemplifies Governor Hochul’s commitment to community-driven revitalization that creates inclusive prosperity across New York State.”

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Today’s $20 million DRI and NY Forward award represents a monumental investment in Morris Park that will enable a growing neighborhood to flourish and gain vibrancy through transit-oriented development. This is only the latest example of Governor Hochul’s commitment to helping our State’s communities meet their full potential with targeted investments backed by local leaders. I look forward to seeing DRI and NY Forward’s transformative impact on Morris Park.”

    NYCREDC Co-Chairs Félix V. Matos Rodríguez, City University of New York Chancellor and William D. Rahm, CEO of Everview Partners, said, “Greater Morris Park stands at a pivotal moment in its development, with world-class medical institutions and the upcoming Metro-North stations creating unprecedented momentum. This $20 million award will help the community harness these assets while addressing critical needs for improved streetscapes, intermodal connections, and quality public spaces. We’re proud to support a vision that strengthens Morris Park while creating a more livable, accessible, and sustainable neighborhood for all who live and work there.”

    Bronx Borough President Vanessa L. Gibson said, “Today’s announcement by Governor Kathy Hochul of $20 million in downtown revitalization initiative funding for Morris Park is a significant investment in the Bronx and a huge win for our borough! We have an incredible, once-in-a-lifetime opportunity to position the Greater Morris Park community as a critical intermodal transit hub that will drive future growth and dramatically enhance the economic vitality of The Bronx. As the second-largest employment center in The Bronx and a top 10 business hub across all of New York City, Greater Morris Park has already positioned itself to be a vital economic engine for the borough and the greater New York City region. We are grateful for the Governor’s continued leadership in recognizing the incredible economic potential of our borough to create job growth and career opportunities for our residents. This historic investment will help build a brighter future for Morris Park and the entire borough. We are excited to see this $20 million financial commitment and are grateful for our Bronx Economic Development Corporation team, led by our President Rob Walsh, our Bronx Tourism Council, and our Planning & Development team. We remain committed to advocating for funding that supports all our communities, ensuring the Bronx continues to strive and thrive in `25 and beyond.”

    State Senator Nathalia Fernandez said, “This is a major investment for Morris Park and the Bronx. Governor Hochul’s support through the Downtown Revitalization Initiative lays the foundation for a stronger, more vibrant Bronx. I look forward to seeing this help strengthen local businesses, improve public spaces, and create new opportunities for the community.”

    Assemblymember John Zaccaro, Jr. said, “I would like to extend my thanks to Governor Hochul and her team for having the foresight to select the Greater Morris Park area of the Bronx, a community I proudly represent, as the recipient of a $20 million grant from the Downtown Revitalization Initiative and NY Forward programs. The Greater Morris Park area is home to a growing number of small businesses owned and operated by members of our incredible and diverse community. This funding will ensure that these neighborhoods continue to thrive for years to come.”

    Assemblymember Karines Reyes, R.N said, “The Bronx is deserving of resources and investment. I applaud Governor Hochul and the agencies involved in making this $20 million funding award for the neighborhoods of the East Bronx. This commitment to housing, planning, transit, and the beautification of our communities will continue to reinforce and elevate the commitment that residents have for our neighborhoods. I am thankful for Governor Hochul’s leadership on this issue and look forward to seeing these investments come to fruition for our region of the Bronx.”

    The Bronx Economic Development Corp President Rob Walsh said, “This $20 million investment is a transformative moment for Greater Morris Park and the Bronx. It will fuel small businesses, improve infrastructure, and drive lasting economic growth. BXEDC, alongside the Bronx Borough President’s Office, is committed to ensuring this funding creates real opportunities for businesses and residents alike. We thank Governor Hochul for her leadership and vision in empowering communities across New York City.”

    Greater Morris Park, Bronx will now begin the process of developing a Strategic Investment Plan to revitalize their downtowns. A Local Planning Committee made up of municipal representatives, community leaders and other stakeholders will lead the effort, supported by a team of private sector experts and state planners. The Strategic Investment Plan will guide the investment of DRI and NY Forward grant funds in revitalization projects that are poised for implementation, will advance the community’s vision for their downtown and that can leverage and expand upon the state’s investment.

    The New York City Regional Economic Development Council conducted a thorough and competitive review process of proposals submitted from communities throughout the region and considered all criteria before recommending these communities as nominees.

    About the Downtown Revitalization Initiative
    The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative “plan-then-act” strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles. Through eight rounds, the DRI will have awarded a total of $900 million to 89 communities across every region of the State.

    About the NY Forward Program
    First announced as part of the 2022 Budget, Governor Hochul created the NY Forward program to build on the momentum created by the DRI. The program works in concert with the DRI to accelerate and expand the revitalization of smaller and rural downtowns throughout the State so that all communities can benefit from the State’s revitalization efforts, regardless of size, character, needs and challenges.

    NY Forward communities are supported by a professional planning consultant and team of State agency experts led by DOS to develop a Strategic Investment Plan that includes a slate of transformative, complementary and readily implementable projects. NY Forward projects are appropriately scaled to the size of each community; projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that enhance specific cultural and historical qualities that define and distinguish the small-town charm that defines these municipalities. Through three rounds, the NY Forward program will have awarded a total of $300 million to 60 communities across every region of the State.

    MIL OSI USA News –

  • MIL-OSI: Rigetti Computing Announces Strategic Collaboration Agreement with Quanta Computer to Accelerate Development and Commercialization of Superconducting Quantum Computing

    Source: GlobeNewswire (MIL-OSI)

    BERKELEY, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has entered into a strategic collaboration agreement with Quanta Computer Inc., (“Quanta”, TWSE: 2382.TW) a Taiwan-based Global Fortune 500 company and the global leader of computer server manufacturing, to accelerate the development and commercialization of superconducting quantum computing.

    The companies have committed to investing more than $100 million each over the next five years, with both sides focusing on their complementary strengths to develop superconducting quantum computing technologies. In addition, Quanta will invest $35 million and purchase shares of Rigetti, subject to regulatory clearance.

    The quantum computing industry is poised to experience rapid growth in the next 5 years, with increasing commercial interest and the market expected to reach $1-2 billion/year by 20301. Of the quantum computing modalities, superconducting qubits are proven to have many advantages over ion trap and neutral atoms, including fast gate speeds and well-established manufacturing techniques from the semiconductor industry.

    “Quanta’s investment in Rigetti will strengthen our leadership in this flourishing market. Our companies’ complementary strengths — Rigetti as a pioneer in superconducting quantum technology, with open, modular architecture enabling incorporation of innovative solutions across different parts of the stack easily, and Quanta as the world’s leading notebook/server manufacturer with $43 billion in annual sales — will help to put us at the forefront of the quantum computing industry,” says Dr. Subodh Kulkarni, Rigetti CEO.

    1“Quantum Computing On Track to Create Up to $850 Billion of Economic Value By 2040,” BCG, July 18, 2024

    About Rigetti
    Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti’s 9-qubit Novera QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer’s existing cryogenic and control systems. The Company’s proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Learn more at https://www.rigetti.com/.

    About Quanta Computer
    Quanta Computer Inc. is a Fortune Global 500 Company and a leader in worldwide notebook manufacturing, as well as a leading solution provider in cloud computing. Quanta provides innovative products with superior technology in information and communications, consumer electronics, cloud computing, smart home solutions, smart automobile solutions, smart healthcare, and AIoT, etc. Founded in 1988 and listed in TWSE since 1999, Quanta Computer is headquartered in Taiwan with manufacturing and service locations across Asia, Americas, and Europe, etc. FY2024 consolidated revenues for Quanta Computer amounted to US$43 billion with a workforce of approximately 60,000 employees worldwide. For further information, please visit Quanta Computer’s website at www.quantatw.com.

    Rigetti Media Contact
    press@rigetti.com

    Cautionary Language and Forward-Looking Statements
    Certain statements in this communication may be considered “forward-looking statements” within the meaning of the federal securities laws, including statements with respect to the Company’s future success and performance, including expectations with respect to timing of the development and commercialization of superconducting quantum computing; the expectation that Rigetti and Quanta will each invest more than $100 million over the next five years; expectations regarding Quanta’s anticipated $35 million investment in the Company through a purchase of the Company’s common stock; anticipated regulatory clearance; expectations regarding the advantages and impact of the strategic collaboration agreement with Quanta Computer on our operations, technology roadmap, milestones, and our position in the industry; anticipated market size of the quantum computing industry over the coming years; and the possibility that superconducting qubits will function better than ion trap and neutral atoms. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company’s ability to achieve milestones, technological advancements, including with respect to its technology roadmap; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company’s partnerships and collaborations, including the strategic collaboration with Quanta Computer; the Company’s ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company’s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company’s past and future financings or other capital; the sufficiency of the Company’s cash resources; unfavorable conditions in the Company’s industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare and terrorist attacks; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.

    The MIL Network –

  • MIL-OSI USA: Senators Marshall and Fischer Introduce the Nationwide Consumer and Fuel Retailer Choice Act of 2025

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall
    Washington, DC – U.S. Senators Roger Marshall, M.D. (R-Kansas) and Deb Fischer (R-Nebraska) introduced the Nationwide Consumer and Fuel Retailer Choice Act of 2025, which would allow the year-round, nationwide sale of E15, a gasoline blend that contains 15% ethanol.
    Increasing the availability of biofuels like E15 would benefit the economy by lowering fuel prices and providing certainty in fuel markets for farmers and consumers. This legislation is the only permanent, nationwide solution to fulfilling President Donald Trump’s mandate for energy independence and rolling back years of burdensome regulations.
    “America’s biofuels industry provides consumers with a carbon-reducing fuel option at the gas pump. This bipartisan legislation ensures E15 can be sold at gas stations year-round and guarantees farmers will continue to make the world cleaner, safer, and better for years to come,” said Senator Marshall. 
    “It’s time to once and for all solidify President Trump’s pledge to allow the sale of year-round E15—giving America’s producers and consumers the certainty they deserve. My bill will put an end to years of patchwork regulations and finally make nationwide, year-round E15 a reality. I look forward to working with my colleagues in the House and the Senate, as well as with President Trump, to get this bill signed into law,” said Senator Fischer.
    Joining Senators Marshall and Fischer are Majority Leader John Thune (R-South Dakota) and Senators Tammy Duckworth (D-Illinois), Shelley Moore Capito (R-West Virginia), Amy Klobuchar (D-Minnesota), Pete Ricketts (R-Nebraska), Dick Durbin (D-Illinois), Jerry Moran (R-Kansas), Chuck Grassley (R-Iowa), Tammy Baldwin (D-Wisconsin), Joni Ernst (R-Iowa), Tina Smith (D-Minnesota), and Mike Rounds (R-South Dakota). 
    U.S. Representatives Adrian Smith (R-Nebraska-03) and Angie Craig (D-Minnesota-02) introduced the companion legislation in the House.
    This legislation is supported by American Petroleum Institute, Renewable Fuels Association, Growth Energy, National Corn Growers Association, National Farmer Union, and National Association of Convenience Stores.
    Click HERE to read the bill text.
    Background:
    Under President Biden, there were restrictions on sales of E15 gasoline in summer months due to alleged environmental concerns.
    Last month, President Trump took steps to make E15 available year-round through his Executive Order Declaring a National Energy Emergency.
    This legislation would make President Trump’s executive order permanent.
    Senator Marshall has been a leader on this issue in the Senate, fighting for the U.S. Treasury Department to restrict the eligibility of the 45Z Tax Credit to renewable fuels made only from domestically sourced feedstocks, like Kansas soybean oil and corn oil.
    Read more about Senator Marshall’s leadership on this issue below:

    MIL OSI USA News –

  • MIL-OSI Canada: Budget 2025: Meeting the challenge in health and education

    Budget 2025 makes another record health care investment of $28 billion for a refocused health care system that ensures every Albertan has access to high-quality, reliable services close to home. The budget supports the government’s plan to provide targeted, specialized care in the four areas of acute care, primary care, mental health care and continuing care.

    With the highest-ever operating budget of $9.9 billion for education from kindergarten to Grade 12, Budget 2025 will help hire thousands more teachers and support staff, lower class sizes and provide enhanced educational support to students with complex needs.

    The budget invests $2.6 billion in capital dollars over three years, an increase of 23.9 per cent from the last budget. This includes $225 million to advance the planning and design of 30 new schools, five replacement schools, three modernization school projects, three public charter school projects and modular classrooms. These schools are in addition to the 22 that have been advanced to the next construction phase under the School Construction Accelerator Program, launched in fall 2024. Another 28 projects are in other stages of construction. Alberta’s government is committed to building much needed schools across the province and aims to deliver more than 100 new and updated schools – or about 200,000 student spaces – over the next seven years.

    “All Albertans deserve access to the best our health care and education systems have to offer. Alberta is growing as many families choose us as home. Budget 2025 will help meet the growing demands of the province while continuing to provide the services Albertans have come to trust and rely on.”

    Nate Horner, President of Treasury Board and Minister of Finance

    Budget 2025: Strengthening health care

    Budget 2025 supports the government’s plan to build a refocused health care system that will provide Albertans with the necessary care when and where they need it.

    Health investments across the refocused health care system in Budget 2025 include:

    • $644 million for primary care to attach every Albertan with a primary care team and improve access to family doctors and frontline health-care professionals. This includes $20 million to support the work of nurse practitioners.
    • $4.6 billion for acute care, to support increases to services to meet volume and costs, and to improve the acute care system in hospitals, urgent care centres, chartered surgical and other health facilities.
    • $45 million for Indigenous health initiatives over three years, to help address health inequities and promote health, wellness and increased choice.
    • $7 billion for physician compensation and development, including $15 million for recruitment and retention.
    • $1.9 million for drugs and supplemental health benefits including the seniors drug program, which is the largest component that supports more than 700,000 seniors.
    • $1.7 billion to support addiction and mental health services to increase access to the supports Albertans require to pursue recovery and personal wellness. This includes implementation of the compassionate intervention framework, support for Recovery Alberta services, new recovery communities, and to expand mental health classrooms for clinical support to students with complex mental health needs.
    • $3.8 billion for Assisted Living Alberta, the new provincial continuing care health agency, which will provide wraparound medical and non-medical supports, home care, community care and social services.

    A total of $3.6 billion in capital dollars over three years will support new urgent care and primary care centres, build capacity at existing hospitals, expand surgical capacity, enhance rural hospitals and health facilities, and replace aging equipment to support improved health outcomes. This includes:

    • $769 million to support transformational changes in continuing care, increase the number of assisted living spaces and modernize existing assisted living homes in Alberta.
    • $265 million for the Alberta Surgical Initiative capital program to expand, renovate and build more operating rooms to boost surgical capacity.
    • $207 million for the development of specialized compassionate intervention facilities to provide care for patients.
    • $168 million in new funding to enhance diagnostic capabilities across the province.
    • $148 million to continue building Recovery Communities. A total of 11 recovery communities, including five in Indigenous communities, have been approved, with the Calgary Recovery Community scheduled to open in 2025. So far, 200 new addiction treatment beds are operational in Red Deer, Lethbridge and Gunn.
    • $60 million over three years to purchase new EMS vehicles and ambulances, upgrade the existing fleet and buy more equipment.

    “Budget 2025 builds on our commitment to refocusing Alberta’s health care system, improving access for Albertans, and supporting frontline workers. With significant investments in primary care, capital projects, Indigenous health, and acute services, we are ensuring Albertans receive the care they need, when and where they need it.”

    Adriana LaGrange, Minister of Health

    “Alberta is an international leader in addiction treatment and recovery, driven by the Alberta Recovery Model. We remain committed to investing in the wellness of Albertans and providing those struggling with mental illness or addiction with the services they need to rebuild their lives. We are also committed to expanding access to treatment services by building new facilities across the province.”

    Dan Williams, Minister of Mental Health and Addiction

    Budget 2025: Investing in kindergarten through Grade 12 (K-12) education

    Albertans deserve world-class education for their families now and in the future. Budget 2025 provides an operating expense budget of $9.9 billion in 2025-26, a 4.5 per cent increase from the 2024-25 third-quarter forecast.

    • $54 million in 2025-26, along with $348 million more over the following two years will support additional enrolment growth.
    • an increase of $55 million in 2025-26, and another $94 million in each of the following two years, to adjust the funding formula for school authorities to provide increased sustainable funding for growth within the funding model.
    • In total, almost $1.1 billion will be provided over the next three years to address growth and hire more than 4,000 new teachers and classroom support staff.
    • More than $1.6 billion in 2025-26 will support students with specialized learning needs or groups of students who need additional help.
    • An investment of $55 million in 2025-26, a 20 per cent increase from last year, will allow school authorities to add staff and supports to complex classrooms so students receive the focus and attention they need.
    • $389 million over three years will provide increases to funding rates to cover the rising costs of maintaining educational facilities, unavoidable expenses like insurance and utilities, and providing programs and services to students.

    “Budget 2025 offers solutions to many of the challenges our education system is experiencing. We’re making new investments to hire more teachers, build more schools and give our youngest learners the strongest possible start. I’m excited to present this strong education budget to Albertans and am confident it will help keep our education system world-class.”

    Demetrios Nicolaides, Minister of Education

    As Alberta continues to attract families, workers, and businesses, strategic investments in health care and education will address current demands and lay the groundwork for long-term prosperity.

    Budget 2025 is meeting the challenge faced by Alberta with continued investments in education and health, lower taxes for families and a focus on the economy.

    Related information

    • Budget 2025
    • Alberta Recovery Model

    Related news

    • Budget 2025: Meeting the challenge (Feb 27, 2025)
    • Budget 2025: Investing in Alberta’s future (Feb 27, 2025)

    Multimedia

    • Watch the Budget address
    • Watch the news conference
    • Listen to the news conference

    MIL OSI Canada News –

  • MIL-OSI Canada: Budget 2025: Investing in Alberta’s future

    As Alberta continues work to address increasing domestic and international economic pressures, Budget 2025 works to strengthen Alberta’s economy. This budget helps build communities, secure Alberta’s southern border and boost investments in the province’s economic future.

    “While we work closely with partners to find solutions to a possible trade conflict, we will continue our work to make sure Alberta’s economy is strong – in and outside of the energy sector – so that we can manage any turbulence that comes our way. Budget 2025 carves our path forward in the face of this uncertainty.”

    Nate Horner, President of Treasury Board and Minister of Finance

    Budget 2025: Supporting a strong workforce

    Alberta’s workforce is the backbone of the provincial economy. Budget 2025 continues the commitment to training and developing a skilled and resilient labour force to further grow Alberta’s economy and help businesses succeed, including: 

    • $26.1 billion over three years from the Capital Plan, to support about 26,500 direct and 12,000 indirect jobs each year through 2027-28.
    • $135 million for skilled trade programs such as apprenticeship and adult learning initiatives to help Albertans gain the skills and training needed for successful careers, and support access to job opportunities.
    • $2 billion in 2025-26 to support and expand early learning and child-care system so parents and caregivers can participate in training, education or work opportunities.  

    Budget 2025: Securing our borders

    • Alberta’s government is committed to being a good neighbour and trading partner, and part of this commitment involves taking measures to secure the Alberta-US border. Budget 2025 includes $29 million in 2025-26 for a new Interdiction Patrol Team within the Alberta Sheriffs to tackle illegal drug and gun smuggling, human trafficking, apprehension of persons attempting to cross the border illegally, and other illegal activities along Alberta’s international land border. Budget 2025 also includes a $15 million investment over two years for three new vehicle inspection stations located near borders to the USA.

    Budget 2025: Investing in post-secondary education

    Budget 2025 invests a total of $7.4 billion in post-secondary education, with an operating budget of $6.6 billion in 2025-26. This includes:

    • $78 million per year over the next three years to create more seats in apprenticeship classes across the province to build skilled trades and apprenticeship education that will respond to the needs of industry, support the economy and connect Albertans with jobs.
    • $113 million to support greater demand for scholarships and the Alberta Student Grant, with $60 million funded from the Alberta Heritage Scholarship Fund.
    • $4 million to the First Nations Colleges Grant which is distributed equally across five colleges in rural and remote Indigenous communities.

    “Our government is ensuring that Alberta students have the skills and training they need to meet the needs of today while preparing for the economy of the future. Budget 2025 makes foundational investments to meet the challenge of a rapidly growing population while supporting a sustainable post-secondary education system.”

    Rajan Sawhney, Minister of Advanced Education

    Budget 2025: Building communities

    Alberta’s vibrant communities make Alberta the best place in Canada to live, work and raise a family. Budget 2025 invests in stronger communities across Alberta, including:

    • $17.2 million to increase grants made to municipalities in lieu of property taxes on government-owned property to 75 per cent, up from the current 50 per cent. By next year, the province will cover 100 per cent of the amount that would be paid if the property was taxable.
    • $820 million this year and $2.5 billion over three years in Local Government Fiscal Framework capital funding to help fund local infrastructure priorities.

    Budget 2025: Supporting trade and diversification

    Alberta continues to champion economic growth and policies that support productivity. Through Budget 2025, Alberta’s government will continue to build on current successes through:

    • Attracting more investment through low corporate income taxes. At eight per cent, Alberta’s corporate income tax rate is 30 per cent lower than the next lowest province.
    • Providing greater incentive for small- and medium-sized firms that increase their spending on research and development, with Alberta’s Innovation Employment Grant.
    • Promoting Alberta as a reliable partner in supporting North American and global energy security to investors. The province will optimize new and existing infrastructure to access new markets for Alberta’s energy and mineral resources.
    • Supporting Alberta’s agriculture producers and value-added processors, addressing barriers to trade by cultivating export markets, and working to increase market access for Alberta products.
    • Reinforcing Alberta as a critical contributor to North American energy security by continuing to advocate for our remarkable energy sector across Canada, the U.S., Germany, Japan and the rest of the world.

    Budget 2025: Investing in business and industry

    Budget 2025 continues to find ways to help Alberta’s economy grow through investments in business and industry and help our economy grow, including:

    • Support to attract investment in Alberta’s energy and mineral resource sector to accelerate opportunities in emerging resources.
    • $45 million over three years for the Investment and Growth Fund to attract investment into Alberta’s economy.
    • $1.8 million in Western Crop Innovations for industry-leading crop research.
    • $780,000 to support small- and medium-sized meat processors.
    • $3.1 million for the University of Calgary’s Faculty of Veterinary Medicine to expand toward a full-service veterinary diagnostic laboratory. This will give livestock producers and vets access to quicker, more affordable livestock diagnostics closer to home.

    “Budget 2025 builds a stronger Alberta by growing industries, creating high-quality jobs and expanding opportunities for workers and families. With strategic investments in innovation, infrastructure and workforce development, Alberta is rising to the challenge, strengthening our province for many years to come.”

    Matt Jones, Minister of Jobs, Economy and Trade

    “We are advancing cutting-edge research in agriculture and supporting small and medium-sized businesses. Additionally, we are strengthening our agricultural infrastructure, ensuring quicker and more affordable services for livestock producers and veterinarians. We’re supporting innovation, attracting investment, and building a resilient economy for the future.”

    RJ Sigurdson, Minister of Agriculture and Irrigation

    Budget 2025 is meeting the challenge faced by Alberta with continued investments in education and health, lower taxes for families and a focus on the economy.

    Related information

    • Budget 2025

    Related news

    • Budget 2025: Meeting the challenge (Feb 27, 2025)
    • Budget 2025: Meeting the challenge in health and education (Feb 27, 2025)

    Multimedia

    • Watch the Budget address
    • Watch the news conference
    • Listen to the news conference

    MIL OSI Canada News –

  • MIL-OSI Canada: Budget 2025: Meeting the challenge

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI: Lendmark Financial Services Expands Alabama Presence with Guntersville Branch, Marking its Sixth Branch Opening in 2025

    Source: GlobeNewswire (MIL-OSI)

    GUNTERSVILLE, Ala., Feb. 27, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Alabama footprint, opening a new branch in Guntersville and its 18th in the state.

    The branch is located at 11521 US 431, Suite K and is expected to serve hundreds of customers in its first year. Ryan Bendele, who serves as the branch manager, will be responsible for the administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “Planned and unplanned life events still happen, causing many consumers to look for financial resources to meet these needs,” said Patrick Jones, Vice President of Branch Operations at Lendmark. “Our team will be laser focused on serving the Guntersville community, delivering personalized and convenient household credit solutions that meet their respective financial needs.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 470-226-3828.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    Lendmark customers can participate by donating $1 when closing their loan. Lendmark matches the donation.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 515 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network –

  • MIL-OSI USA: ICYMI: Grassley Secures Argentine President Milei’s Partnership in Credit Suisse Investigation into Nazi-Linked Accounts

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) is welcoming Argentine President Javier Milei’s commitment to support Grassley’s ongoing investigation into Credit Suisse and its historic servicing of Nazi-linked accounts. This includes providing archival records documenting the use of Nazi “ratlines.” Ratlines were monetary and logistic pathways Nazis used to escape justice and flee to Latin America, including Argentina, following World War II.

    “In order to continue this work, I respectfully request possession of Argentina’s archival records relating to Nazi ratlines. This includes records dating to the time before, during, and following World War II that will help shed light on the planning and carrying out of the Nazi ratlines. The great people of Argentina’s support in helping the Senate Judiciary Committee obtain possession would assist the committee in advancing its corresponding oversight of this matter,” Grassley wrote to Milei.

    Grassley will chair a Senate Judiciary Committee hearing next week focused on stemming the tide of antisemitism.
    Read additional background from the Times of Israel.                                  

    Argentine president opening files on Nazi ‘ratlines’ that trafficked Eichmann, Mengele

    By Matt Lebovic

    February 24, 2025

    Argentinian President Javier Milei promised officials of the Simon Wiesenthal Center his full cooperation in granting access to documents related to the financing of so-called “ratlines” that helped Nazis escape Europe after the Holocaust. The promise was made in Buenos Aires at the presidential palace, Casa Rosada, during a meeting with Milei and activists on Tuesday.

    For decades, organizations including the Simon Wiesenthal Center, named after the famed Nazi hunter, have sought records related to unofficial escape routes taken by thousands of Nazis during the years after World War II. Up to 10,000 Nazis and other fascist war criminals escaped justice by fleeing to Argentina and other countries.

    “While some previous leaders promised full cooperation to get to the hard truths that involved Argentina’s past, Milei is the first to act with lightning speed to enable the SWC to uncover important pieces of the historic puzzle, especially as it related to involvement with Nazis before, during and after the Holocaust,” Rabbi Abraham Cooper, associate dean of the Simon Wiesenthal Center, told The Times of Israel.

    …

    During the SWC meeting on Tuesday, Jonathan Missner, managing partner at Stein, Mitchell, Beato & Missner, brought a letter from US Senator Charles Grassley, chairman of the US Senate Judiciary Committee. The letter — which was handed to Milei — requested the Argentinian leader’s assistance in uncovering how the ratlines were organized and funded. A copy of the letter was sent to US President Donald Trump.

    …

    Nazis’ escape routes

    Several countries in the Americas received Nazis, including Canada, the US, and Mexico. Nazis also fled to Australia, Spain, and Switzerland. In some cases, US intelligence officials used ratlines to pluck top Nazi scientists away from Soviet orbits.

    One of two primary escape routes went through Germany and Spain, then across the Atlantic to Argentina…

    Up to 5,000 Nazis are said to have settled in Argentina, including Holocaust “architect” Adolf Eichmann and Josef Mengele, one of the most recognizable — and wanted — Nazis. Traveling along a ratline in 1948, the notorious Auschwitz physician used the new identity of Helmut Gregor when fleeing Europe.

    “These files will be instrumental in obtaining justice, which is instrumental to honoring the memory of those who suffered and died in the Holocaust,” said Cooper. “Especially in a post-October 7 world, those who financed, facilitated, or otherwise assisted these ratlines must be held accountable,” he said.

    …

    “Words are one thing — actions are another. President Milei’s historic decision signals his unequivocal allyship with the Jewish community while reinforcing his commitment to accountability and transparency at home,” Missner told The Times of Israel.

    Support for harboring Nazi war criminals went right to the top in Argentina, according to historians. President Juan Peron was angered by the Nuremberg Trials and authorized key facets of the escape routes, making them a state affair. In addition to German Nazis, the Peron regime and other South American governments aided war criminals from Hungary, Croatia and elsewhere.

    “President Milei is a staunch ally of the global Jewish community and was eager to open these archives. He knows that confronting Argentina’s history of Nazi collaboration requires nothing less than full transparency, and the same principle undergirds his pursuit of justice for the AMIA bombing,” said Missner.

    -30-

    MIL OSI USA News –

  • MIL-OSI New Zealand: Jones heads to world’s largest mining conference

    Source: New Zealand Government

    The world’s largest annual mining conference will provide a platform to showcase to the international community the progress the Coalition Government is making to get the sector to work, Resources Minister Shane Jones says 

    Mr Jones is travelling tomorrow to the Prospectors and Developers Association of Canada conference in Toronto. The annual conference draws 30,000 attendees from 135 countries and is covered by around 400 accredited media companies.

    “This is where the global resources sector gets business done and it will be the first time for more than 10 years a New Zealand government minister will be there putting the case for investing in our country,” Mr Jones says

    “During the past year the Coalition Government has delivered for the resources sector. This major conference is our best opportunity yet to tell the international mining and investment community that New Zealand is moving from being ‘open for business’ to ‘doing business’ – and is ready for investment.

    “Our recently launched Minerals Strategy and Critical Minerals List clearly articulates what we have to offer and how the international community can invest. More investment in our minerals sector means more high-paying regional jobs, regional revenue and growth for our economy.

    “Participating in the Mines Minister Summit during the world’s biggest mining conference will provide an unrivalled opportunity to speak directly to the industry and investors about our transformative vision for the resources sector.

    “I will also be meeting industry CEOs, investment firms and ministerial counterparts to highlight how our fast-track legislation and our vision for the resources sector provides a golden opportunity for investment while delivering prosperity for New Zealanders.

    “I look forward to speaking to the world as we work towards our goal of doubling mineral exports to NZ$3 billion by 2035,” Mr Jones says.

    Mr Jones returns from Toronto on 7 March.

    MIL OSI New Zealand News –

  • MIL-OSI: James Altucher: Is Elon Musk About to Announce the Biggest IPO in History?

    Source: GlobeNewswire (MIL-OSI)

    Washington, D.C., Feb. 27, 2025 (GLOBE NEWSWIRE) — Renowned tech forecaster James Altucher is making a bold prediction: Elon Musk may be preparing to unveil the largest initial public offering (IPO) in history, with Starlink at the center of it all. According to Altucher, March 13, 2025, could mark a pivotal announcement in Musk’s business empire, as Starlink moves toward what he is calling a “Super-IPO.”

    A Historic Moment for the Internet and Global Markets

    Since its inception, Starlink—SpaceX’s satellite-based internet provider—has redefined connectivity by offering fast, low-latency internet to even the most remote corners of the world. Unlike traditional broadband providers that rely on costly infrastructure, Starlink’s network of low-Earth orbit satellites delivers global coverage with unparalleled reliability.

    Now, Altucher suggests that Musk may finally be preparing to take Starlink public, a move that could surpass the largest IPOs in history and forever change the broadband industry. “Mark my words: what’s coming next is a radical new internet, powered directly by President Trump’s right-hand man, Elon Musk.” says Altucher.

    Why March 13, 2025, Matters

    Several key indicators suggest that Musk is on the verge of making a historic announcement:

    ●         Operational Milestone Reached: Musk has previously stated that Starlink would only go public once it had demonstrated sustained profitability. Recent reports confirm that the company has reached this stage.

    ●         Regulatory and Strategic Moves: SpaceX has quietly made a series of corporate structuring adjustments, which Altucher believes are a precursor to an IPO.

    ●         Market Disruption Potential: Starlink has grown to over 2.6 million users, disrupting the telecom industry by offering faster speeds and global coverage at competitive prices.

    The IPO That Could Reshape the Global Economy

    If Starlink does go public, it is expected to shatter records. For context, the largest IPO to date—Saudi Aramco—raised $26 billion. Altucher suggests that Starlink’s valuation could easily exceed $100 billion on its first day of trading, dwarfing any previous market debut.

    “History shows that situations like this are when everyday folks have the rare shot at getting extraordinarily rich.” Altucher explains. “Untold amounts of wealth are made over time by folks who see it coming.”

    A Defining Moment for Musk’s Legacy

    Elon Musk has already revolutionized industries with Tesla, SpaceX, and Neuralink. However, the potential IPO of Starlink could cement his place as one of the most impactful entrepreneurs of the modern era. A public Starlink would not only offer investors an opportunity to participate in its growth, but it could also provide the funding needed to accelerate global expansion and next-gen space-based communications.

    With March 13, 2025, rapidly approaching, Altucher urges the world to watch closely as Musk prepares for what could be the biggest financial and technological event of the decade.

    About James Altucher

    James Altucher is a leading technology forecaster, entrepreneur, and bestselling author, known for spotting industry-shifting trends before they happen. His expertise in finance, technology, and business strategy has been featured in The Wall Street Journal, CNBC. He has built multiple successful companies, advised top investors, and remains a trusted voice in identifying the next major opportunities in tech and business.

    The MIL Network –

  • MIL-OSI: U.S. Health Systems See Margin Declines to Start the Year While Hospital Margins Grow, According to Two New Strata Reports

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Operating margins for the nation’s health systems narrowed in January after climbing to a five-month high to end 2024. The median year-to-date health system operating margin was 1.0% for the month, down from 2.1% in December. It is the lowest health system operating margins have been in more than a year, after holding at 1.5% or above throughout 2024 following years of volatility.

    At the same time, the nation’s hospitals saw margins and revenues strengthen entering the new year, continuing trends seen in 2024, according to two new reports from Strata Decision Technology. The Monthly Healthcare Industry Financial Benchmarks report features a snapshot of the latest hospital performance data from January, and the quarterly Strata Performance Trends report provides a retrospective look at hospital and health system performance last year.

    “Health systems across the country had a shaky start to 2025,” said Steve Wasson, Strata’s Chief Data & Intelligence Officer. “While health system operating margins largely stabilized in 2024 after the turbulence of the pandemic, they remained uncomfortably thin. We saw encouraging trends with gross revenue growth outpacing expense increases last year. These and other positive performance trends will need to continue in 2025 for health systems to build a stronger foundation for margin growth.”

    For the nation’s hospitals, analysis of operating margin changes over time showed some improvement in January. The median change in hospital operating margin increased 1.9 percentage points from January 2024 to January 2025. Hospital revenues showed promising performance, with January marking the 21st consecutive month of year-over-year (YOY) increases in gross operating, inpatient, and outpatient revenues. Outpatient revenue increases continued to outpace inpatient revenue growth. Outpatient revenue jumped 9.2% YOY, while inpatient revenue increased 6.7% and gross operating revenue was up 8.3% YOY.

    Median gross revenue growth outpaced expense growth throughout 2024 for both hospitals and health systems. From 2023 to 2024, gross operating revenue rose 9.0% for the U.S. health systems and 7.5% for U.S. hospitals. By comparison, health system total expense was up 6.4% and hospital total expense increased 5.4% over the same period. 

    Labor expenses continued to climb in 2024 and in the first month of 2025, despite lower contract labor costs, as organizations focused on initiatives to retain employed staff. Total health system labor expense increased 5.7% and total hospital labor expense increased 4.2% for all of 2024 versus 2023. For the month of January 2025 versus January 2024, total hospital labor expense was up 4.0%.

    Total hospital non-labor expenses showed the highest growth rates in January compared to other expense categories. For January 2025 versus January 2024, total non-labor expense rose 5.6%, supply expense jumped 6.8%, and drugs expense was up 6.2%. Looking back at 2024, non-labor expense growth outpaced labor expense increases for the year, with total non-labor expense up 5.8% from 2023 to 2024 versus the 4.2% increase in total labor expense previously mentioned.

    Contract labor expense was the only expense category to decline in 2024, and those decreases were significant. From 2023 to 2024, contract labor expense dropped 22.7% for health systems and 37.5% for hospitals. These trends illustrate that organizations have successfully scaled back use of contract labor, which spiked during the pandemic due to widespread labor shortages and increased patient demand.

    About the Data 
    The report uses data from Strata’s StrataSphere® and Comparative Analytics database. Comparative Analytics offers access to near real-time data drawn from more than 135,000 physicians from over 10,000 practices and 139 specialty categories, and from 500+ unique departments across more than 1,600 hospitals. Comparative Analytics also provides data and comparisons specific to a single organization for visibility into how their market is evolving. StrataSphere is a unique and comprehensive data-sharing platform that helps providers leverage the power of a network that represents approximately 25% of all provider spend in U.S. healthcare. This report incorporates data from more than 600 hospitals with StrataJazz® Decision Support.

    About Strata Decision Technology 
    Strata Decision Technology provides a cloud-based platform for software and service solutions to help organizations better analyze, plan, and perform in support of their missions. With the combination of Syntellis Performance Solutions’ Axiom solutions, more than 2,300 organizations rely on Strata to provide their financial analytics, planning, and performance solutions. Strata has been named the market leader for Business Decision Support for 18 consecutive years. By uniting these two industry leaders, Strata continues to deliver market-leading solutions and world-class service, with an increased focus on accelerating innovation. For more information, please go to www.stratadecision.com.

    Syntellis Social Networks 
    LinkedIn: Strata Decision Technology
    Media contact: 
    Sally Brown, Inkhouse 
    strata@inkhouse.com

    The MIL Network –

  • MIL-OSI USA: Senators Rosen, Husted, & Ricketts Introduce Bipartisan Bill to Protect American Government Devices from PRC-Controlled AI Program

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)

    WASHINGTON, DC – Today, U.S. Senators Jacky Rosen (D-NV), Jon Husted (R-OH), and Pete Ricketts (R-NE) introduced bipartisan legislation to prohibit the use of DeepSeek — a new artificial intelligence (AI) platform with direct ties to the Chinese Communist Party — on all government devices and networks. DeepSeek poses a potentially major national security threat, as data collected from the program is being shared directly with the People’s Republic of China (PRC) government and its intelligence agencies. Several U.S. states and allied nations have already moved to block DeepSeek from government devices due to critical security concerns.
    “As the artificial intelligence landscape continues to rapidly expand, the U.S. must take steps to ensure Americans’ data and government systems remain protected against platforms — like DeepSeek — that are linked to our adversaries,” said Senator Rosen. “This bipartisan legislation takes proactive steps to ban DeepSeek on all U.S. government devices, helping to further safeguard sensitive government data from the Chinese Communist Party.”
    “DeepSeek is a tool that perpetuates Communist China’s agenda—full stop,” said Senator Husted. “It exposes Americans’ data to our adversary’s government, lies to its users, and exploits American workers’ AI advances. We can’t afford for U.S. officials to play into Beijing’s hands by hosting this hostile bot on their devices. Our bill is an urgent first step toward protecting our citizens, government, and economy from China’s Communist Party.”
    “DeepSeek poses serious security risks to Americans who use the platform. It should not be on government devices,” said Senator Ricketts. “This bipartisan bill ensures that DeepSeek does not expose our government to potential national security risks—or give our data to Communist China.”
    As the first and only former computer programmer to serve in the Senate, Senator Rosen has led the fight to strengthen the nation’s cybersecurity. Last year, Rosen called on the Department of Health and Human Services and the Cybersecurity and Infrastructure Security Agency to create a plan to help health care systems respond to cyber attacks like the recent ransomware attack on Change Healthcare. Additionally, Rosen’s bipartisan Department of Defense Civilian Cybersecurity Reserve Act became law to recruit civilian cybersecurity personnel to serve in reserve capacities and respond to cyberattacks during times of need. Senator Rosen has introduced bipartisan bills to bolster the cybersecurity of medical devices and records from the Department of Veterans Affairs, both of which were signed into law.

    MIL OSI USA News –

  • MIL-OSI Canada: Program providing paid sick leave to Yukon workers extended until April 2026

    Program providing paid sick leave to Yukon workers extended until April 2026
    jlutz

    Subject to legislative approval of Budget 2025–26, the Government of Yukon is extending the Paid Sick Leave Rebate Program for an additional year, keeping the program available until March 31, 2026.

    This program covers the cost of up to 40 hours of paid sick leave per 12-month period for eligible workers at no cost to their employer.

    The rebate program helps Yukon businesses by:

    • allowing them to provide more employee benefits without paying extra costs;
    • strengthening competitiveness in the labour market; and
    • helping create a more supportive work environment by enabling employers to offer paid sick leave through voluntary participation in the program.

    The rebate program helps Yukon workers by:

    • providing financial stability for employees and self-employed workers who must take time off work because of sickness or injury;
    • helping keep people healthy in the Yukon; and
    • alleviating the need for workers to choose between getting sick and getting paid.

    Since the program launched in April 2023, over 170 Yukon businesses have applied for rebates and over 1,100 employees have received paid time off through the program when they are sick. In the first year of the program, approximately 50 per cent of employees who used the program worked in retail trade, 19 per cent in accommodation and food services and 13 per cent in the health and social assistance sector.

    MIL OSI Canada News –