Category: Economy

  • MIL-OSI USA: Duckworth Leads Fellow Democrats on Senate Veterans Affairs Committee in Demanding CFPB Immediately Restart Operations to Protect Veterans and Servicemembers

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth
    February 20, 2025
    [WASHINGTON, D.C.] – Today, combat Veteran and U.S. Senator Tammy Duckworth (D-IL)—a member of the U.S. Senate Committee on Veterans Affairs (SVAC)—led her fellow Democratic SVAC colleagues Ranking Member Senator Richard Blumenthal (D-CT) and Senator Mazie Hirono (D-HI) in demanding that the Trump Administration and unelected billionaire Elon Musk immediately restart operations at the Consumer Financial Protection Bureau (CFPB), specifically sounding the alarm about the dangerous impacts that dismantling the agency would have on Veterans and servicemembers. In their letter to U.S. Office of Management and Budget (OMB) Director Russell Vought and Veterans Affairs (VA) Secretary Doug Collins, Duckworth and her colleagues emphasized that dismantling CFPB would do nothing to advance Musk’s publicly claimed goal of weeding out fraud and abuse but rather leave the men and women who volunteer to serve our country even more vulnerable to financial scams.
    The lawmakers wrote that CFPB has been the top cop on the beat protecting our nation’s heroes from financial fraud: “When bad actors target our Veterans and servicemembers, the CFPB operates in their defense, recovering over $180 million since its creation from financial predators and returning that money to Veterans, servicemembers and their families. With a critical mission to protect Veterans and servicemembers from an array of financial fraud – including mortgage scams, pay day lending, high-rate auto loan and fraudulent student loans, as well as excessive credit card late fees, bank account overdraft charges and other predatory tactics by big banks – dismantling the CFPB is harmful and insulting to the men and women who answered the call to defend our country.”
    The lawmakers also slammed the Trump Administration and unelected billionaire Elon Musk for leaving our nation’s heroes more vulnerable to fraud and abuse: “President Trump and Musk claim their goal is to cut waste, fraud and abuse, but eliminating the CFPB would do the opposite and lead to more waste, more fraud and more abuse. And it is shameful that our Veterans and servicemembers will pay the price.”
    A copy of the full letter is available on the Senator’s website and below:
    Dear Director Vought:
    We write today to demand you immediately restart operations at the Consumer Financial Protection Bureau (CFPB) and stop enabling President Trump and unelected billionaire Elon Musk’s bad-faith effort to dismantle this critical consumer-protection agency. These short-sighted actions leave servicemembers and Veterans – who are among the likeliest group to be targeted for financial crimes – vulnerable to fraud and abuse. Furthermore, for servicemembers and Veterans serving our country, identity theft or bankruptcy can mean a loss of a security clearance or an end to a career. It is a direct national security risk to end protections and lose oversight that the CFPB provides.
    Congress passed laws to enhance our national security and provide protections for servicemembers and their families, and the CFPB is legally granted the authority and jurisdiction to execute these laws. The CFPB is responsible for taking judicial actions for violations of the Military Lending Act, Fair Debt Collection Practices Act and Servicemembers Civil Relief Act, working closely with the U.S. Department of Justice to safeguard servicemembers and Veterans from financial fraud. Additionally, the CFPB is an active participant in the Veteran Scam and Fraud Evasion Task Force, an interagency group launched under the Biden administration that develops new consumer education initiatives, consolidates fraud reporting processes and improves responses to fraud attempts against Veterans and military personnel. If the CFPB is shuttered, the absence of these critical accountability initiatives will harm those who have volunteered to serve our Nation.
    When bad actors target our Veterans and servicemembers, the CFPB operates in their defense, recovering over $180 million since its creation from financial predators and returning that money to Veterans, servicemembers and their families. With a critical mission to protect Veterans and servicemembers from an array of financial fraud – including mortgage scams, pay day lending, high-rate auto loan and fraudulent student loans, as well as excessive credit card late fees, bank account overdraft charges and other predatory tactics by big banks – dismantling the CFPB is harmful and insulting to the men and women who answered the call to defend our country. Indeed, such reckless obstruction as your stop-work order signals to them that their government has abandoned them and has failed to deliver on its promise to protect them.
    We know predatory actors will always be looking for opportunities to scam our Veterans, servicemembers and their families from the benefits they have earned and deserve, and your stop-work order is a green light directing them to their next projects. Meanwhile, the CFPB will not be able to publish the list of repeat offenders, companies who have previously violated the law, that it was working to centralize to warn servicemembers and Veterans against those companies. President Trump and Musk claim their goal is to cut waste, fraud and abuse, but eliminating the CFPB would do the opposite and lead to more waste, more fraud and more abuse. And it is shameful that our Veterans and servicemembers will pay the price.
    Director Vought, we urge you to reconsider your support for the Trump administration’s dismantling of the CFPB, to protect our Veterans and servicemembers who deserve better than reckless, harmful policies that leave them vulnerable to financial predators.
    -30-

    MIL OSI USA News

  • MIL-OSI USA: Senators Coons, Rounds reintroduce legislation to protect American hostages and wrongful detainees from tax penalties

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons
    WASHINGTON – U.S. Senators Chris Coons (D-Del.) and Mike Rounds (R-S.D.) reintroduced the Stop Tax Penalties on American Hostages Act today to prevent the Internal Revenue Service (IRS) from imposing fines or penalties on American hostages and wrongful detainees for late tax payments while they are held abroad. In addition to Senators Coons and Rounds, this legislation is co-sponsored by Senators Thom Tillis (R-N.C.), Ron Wyden (D-Ore.), Bill Cassidy, M.D. (R-La.), Chris Van Hollen (D-Md.), Rick Scott (R-Fla.), John Fetterman (D-Pa.), and Dave McCormick (R-Pa.). This bill was originally introduced in December 2022, and the Senate unanimously cleared the bill last year.
    “When you return to the United States after being held hostage or wrongfully detained overseas, the first thing that you should get from your government is a ‘welcome home.’ Instead, it’s usually a fine from the IRS for failing to pay your taxes while you sat in a foreign jail,” said Senator Coons. “This bipartisan legislation will fix a glaring flaw in our tax code to ensure that Americans who have already been through the unthinkable do not face thousands of dollars in fines and late fees from the IRS for non-payment of taxes. As we continue our work to bring home every wrongfully detained American, I encourage my colleagues to once again advance this bill and ensure we don’t make their re-entry to our country harder than it already is.”
    “After returning home, American citizens who were held hostage or wrongfully detained should be spending time with their families and getting back to their lives, not worrying about late fees on their taxes,” said Senator Rounds. “For obvious reasons, any American held hostage should not have the heavy hand of the IRS charging penalties on missed federal tax payments. Our legislation will protect Americans from misguided statutory requirements and unnecessary red tape when they return home.”
    “After returning home, American hostages and wrongful detainees should not have to face penalties for taxes missed while held abroad,” said Representative French Hill. “I am proud to introduce this bipartisan legislation that will correct a crucial gap in our laws that burdens these Americans with penalties and fines from the IRS after they return home.”
    “It goes without saying that no one who has endured wrongful detention or been taken hostage abroad should face the additional trial of navigating onerous tax burdens they incurred by no fault of their own when they return,” said Representative Dina Titus. “This commonsense, bicameral, bipartisan legislation will eliminate that unthinkable possibility by simplifying the tax code to postpone tax deadlines and refund late fees to support wrongful detainees, hostages, and their families.”
    “Hostage US strongly supports the Stop Tax Penalties on American Hostages Act. As the leading organization providing reintegration support, guidance, and resources to Americans held hostage or wrongfully detained abroad, we see firsthand the long-term impact captivity has on individuals and their loved ones. This critical piece of legislation prevents unjust tax burdens when hostages return home and means former captives can rebuild their lives without additional hardship. Americans who have endured captivity should have financial protections and this commonsense legislation will provide much-needed relief to those who have already suffered so much,” said Liz Cathcart, Executive Director of Hostage US.
    “On behalf of all U.S. nationals returning from captivity abroad and the James W. Foley Legacy Foundation, I sincerely commend Senator Coons’ and Senator Rounds’ leadership and their staff for this bill prohibiting tax penalties for hostages and wrongful detainees as an essential step forward,” said Diane Foley, Founder and President of the James W. Foley Legacy Foundation.
    Americans who are held abroad as hostages or wrongful detainees are fined and charged interest by the IRS in the event of non-payment of taxes while in prison or captivity abroad, as though they had simply chosen not to pay taxes. Jason Rezaian, a Washington Post reporter who was wrongfully detained by the Iranian government for more than a year, brought this issue to Senator Coons’ attention. When Rezaian came home in 2016, the IRS hit him with tens of thousands of dollars in fines and interest charges on taxes he wasn’t able to file while imprisoned. The IRS has made clear a legislative fix is needed to resolve this situation.
    Senator Coons has led numerous bills supporting American hostages and wrongful detainees and addressing financial hardships they often face upon their return. He reintroduced the Stop Tax Penalties on American Hostages Act alongside two other hostage bills today: the Fair Credit for American Hostages Act and Retirement Security for American Hostages Act. The first is a bill with Senator Thom Tillis (R-N.C.) that would empower former hostages and detainees to restore credit scores that may have been negatively impacted during their detention. The latter is a bill with Senator Bill Cassidy, M.D. (R-La.) that would ensure that hostages and wrongful detainees are not penalized in calculating their Social Security benefits. 
    A one-pager is available here.
    The full text of the legislation can be found here.

    MIL OSI USA News

  • MIL-OSI USA: Lee Introduces Modernizing Retrospective Regulatory Review Act for 119th Congress

    US Senate News:

    Source: United States Senator for Utah Mike Lee
    WASHINGTON – Today, Sen. Mike Lee (R-UT) introduced the Modernizing Retrospective Regulatory Review Act, which directs the Office of Information and Regulatory Affairs (OIRA) to leverage technology to enhance the efficiency and accuracy of reviews on outdated and redundant regulations. The legislation is co-sponsored by Sen. Cynthia Lummis (R-WY). Congressman Andy Biggs (R-AZ) has introduced the companion bill in the House of Representatives.
    “Americans deserve a government that moves at the speed of business, not the speed of bureaucracy,” said Sen. Lee. “By using modern technology to refine our regulatory framework, we can boost economic growth and ensure that our government regulations reflect today’s realities.”
    “The federal government should not be an ever-growing beast hindering innovation with red tape and procedural hurdles,” said Sen. Lummis. “The Modernizing Retrospective Review Act will bring the federal government into the 21st century by utilizing modern technology to identify and eliminate unnecessary federal regulations to streamline the regulatory process that has ballooned into a 20-year slog for some industries. It should not take a Washington regulator longer to greenlight a project than it did for someone in Wyoming to come up with the idea.”
    “Americans must be given the opportunity to thrive without overbearing, costly, contradictory, and duplicative regulations mandated by the DC Swamp,” said Rep. Biggs. “Federal overregulation takes a colossal toll on the U.S. economy. Thousands of new regulations go into effect every year, and there simply isn’t enough manpower to sift through the CFR to identify regulations that no longer make sense or conflict with one another. AI technology is an effective tool that can save taxpayer dollars, benefit American business owners, and promote economic growth.”
    Key features of the bill include:
    – A mandate for OIRA to issue guidance on employing modern technology, like Artificial Intelligence, to refine regulatory reviews.
    – A requirement for federal agencies to develop and submit a “Retrospective Review Plan,” detailing their strategies for implementing OIRA’s guidance.
    – An obligation for OIRA to report to Congress on the availability of federal regulations in a machine-readable format.
    The introduction of this bill aligns with the broader goals of the Trump Administration’s deregulatory agenda and leverages the advancements we’ve made in technology to identify scores of rules and regulations that can and should be eliminated. 
    For bill text, click HERE.
    For the one-pager, click HERE.  

    MIL OSI USA News

  • MIL-OSI USA: Murphy: Trump’s Billionaire Tax Cut is a Scam to Take Money From Regular People

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy
    [embedded content]
    WASHINGTON—U.S. Senator Chris Murphy (D-Conn.) on Wednesday spoke on the U.S. Senate floor to call out Republican’s latest tax and spending plan for benefitting billionaires and corporations at the expense of seniors and working families. Murphy slammed Trump for using the government as a cash machine for his family and billionaire friends, gutting oversight, handing out policy favors, and now pushing a tax plan that delivers massive breaks to the ultra-wealthy—paid for by slashing programs that millions of Americans rely on like Medicare and Medicaid. 
    “The heart of this Republican economic proposal is a massive tax cut for the very, very wealthy and for corporations. And this time, not borrowed to be paid back later by middle class taxpayers, this time paid for by immediate cuts to some of the programs that regular, ordinary Americans, many frail seniors, depend on, like the Medicaid program,” Murphy said.
    Murphy slammed Trump for letting Elon Musk hijack the government to enrich himself: “Since Elon Musk, the richest man in the universe, has taken control of the government with Donald Trump, the value of his business has gone up by 30%. Tesla’s stock has gone up by 30%. Of course it has. Because Elon Musk is now able to get inside the government to arrange things to benefit his companies. For instance, the NLRB is gone. They fired the Democrat on the board, it is unable to muster a quorum. It’s not coincidental that the NLRB had several open investigations of Tesla. Our foreign policy has been monetized to support people like Elon Musk. News just broke yesterday that Vietnam is really worried about Trump’s tariff policy, and so the way that they’re going to try to get some help from the Trump administration is to give some help to Elon Musk’s businesses. They are going to give Elon Musk a Starlink contract, and they believe that by doing that, they’ll be able to get some help from the Trump administration on tariffs. So, Elon Musk and the billionaires are able to operationalize and monetize our foreign policy.”
    On Trump also cashing in on the presidency, Murphy said: “Trump is doing very well too. He made $100 million off of a meme coin–a meme coin, where we have no idea, as Americans, who’s buying it. It is very likely foreign actors trying to influence the administration, who can secretly buy the meme coin and then whisper to Donald Trump that we got your back when you needed it. $40 million from Amazon for a new documentary of the First Lady, legal settlements from ABC News, Meta, and X, all–shockingly–settled with cash payments to the Trump family after the election.”
    Murphy called out the GOP tax plan for funneling billions to the rich while working families get next to nothing: “If you’re in the top 1%, your average tax cut is about $70,000. That’s a lot of money. That’s a lot of money. But if you’re making $30,000 a year–and there’s a whole bunch of people in this country that are making $30,000 a year, especially when Republicans refuse to support the minimum wage going above $7.25 an hour – if you make $30,000 a year, you are going to get about $130. $70,000 if you’re doing really, really well. $130 for everybody else. That doesn’t make any sense. Why do people making $600,000 a year need $70,000 while only a hundred bucks goes to everybody else?”
    He debunked Republicans’ claim that the extending the 2017 tax cuts will help working people: “It’s a scam. Trickle-down economics is a scam. When you put this much money into the hands of the wealthy, it does not trickle down to everybody else. When you give corporations those enormous tax cuts, it does not trickle down to everybody else. It stays in the pockets of the wealthy. The corporations use it in order to do stock buybacks, in order to inflate CEO salaries. It just separates the rich from the poor. It is a scam. It is a scam.”
    On how Republicans plan to pay for this giveaway to billionaires, Murphy said: “The cut that they’re contemplating in the House of Representatives is a cut to Medicaid. Now, they’re also thinking about cuts to Medicare, your parents’ primary health insurance. They’re contemplating cuts to the Affordable Care Act, that’s the program that insures 20 million working Americans. But they’re really zeroed in on Medicaid, and they’re contemplating such devastating cuts to Medicaid that it would eviscerate the program.”
    He concluded: “The whole thing just feels like a scam to people: the favors being given to billionaires that are inside the government, the tax cut that benefits the very, very wealthy at the expense of everybody else, the cutting of services that help regular people in order to finance the tax cut. And whether it ends up being one bill or two bills, the centerpiece is still the centerpiece. The transfer of resources and wealth from regular people, from the middle class, from poor people, to the very, very wealthy, the millionaire and billionaire class, the corporations.”
    A full transcript of his remarks can be found below:
    MURPHY: “Thank you, Mr. President. I’m down here on the floor this afternoon with my colleague Senator Kaine from Virginia, and the Ranking Member of the Finance Committee, Senator Wyden, to talk about the spending and tax bill that is coming before the Congress, driven by Republicans and the Trump administration. 
    “Whether it’s one bill or two bills, it doesn’t really matter. It is the centerpiece of Donald Trump’s economic agenda. And it’s really important to talk about the impacts that this spending and tax package will have on the American public. 
    “While there will be some new spending for defense and some new spending on immigration policy, the heart of this spending and tax package will be familiar to many Americans, because they remember it from 2017, during the first Trump administration. 
    “The heart of this Republican economic proposal is a massive tax cut for the very, very wealthy and for corporations. And this time, not borrowed to be paid back later by middle class taxpayers, this time paid for by immediate cuts to some of the programs that regular, ordinary Americans, many frail seniors, depend on, like the Medicaid program. 
    “Just for a little bit of context, it does appear to a lot of Americans that this whole thing feels a bit like a scam, that this is a government that is being handed over to the billionaire class in order to operationalize government to make money for the very, very wealthy, and for the rest of us to pay the price. The cost of gas is going up, the cost of groceries continues to go up. And meanwhile Donald Trump and his billionaire crowd are doing better than ever.
    “Just a couple of examples. Since Elon Musk, the richest man in the universe, has taken control of the government with Donald Trump, the value of his business has gone up by 30%. Tesla’s stock has gone up by 30%. Of course it has. Because Elon Musk is now able to get inside the government to arrange things to benefit his companies. 
    “For instance, the NLRB is gone. They fired the Democrat on the board, it is unable to muster a quorum. It’s not coincidental that the NLRB had several open investigations of Tesla. 
    “Our foreign policy has been monetized to support people like Elon Musk. News just broke yesterday that Vietnam is really worried about Trump’s tariff policy, and so the way that they’re going to try to get some help from the Trump administration is to give some help to Elon Musk’s businesses. They are going to give Elon Musk a Starlink contract, and they believe that by doing that, they’ll be able to get some help from the Trump administration on tariffs. So Elon Musk and the billionaires are able to operationalize and monetize our foreign policy. 
    “And of course, Elon Musk has access to the data, especially the data inside Treasury, that’s going to help him gain an advantage on his competitors, whether he’s trying to set up a new tax payment system or he’s trying to set up a new universal payment capacity on Twitter. 
    “So it’s not shocking that the value of Musk’s business has gone way up, because he now controls the federal government in a way that can benefit his business. 
    “But Trump is doing very well too. He made $100 million off of a meme coin–a meme coin, where we have no idea, as Americans, who’s buying it. It is very likely foreign actors trying to influence the administration, who can secretly buy the meme coin and then whisper to Donald Trump that we got your back when you needed it. $40 million from Amazon for a new documentary of the First Lady, legal settlements from ABC News, Meta, and X, all–shockingly–settled with cash payments to the Trump family after the election. 
    “And, the monetization of foreign policy for Donald Trump, just like the monetization of foreign policy for Elon Musk. News this week that the PGA and the Saudis were meeting with the President to try to settle their disputes. Not coincidental to the fact that Donald Trump is in business with one of those golf leagues. 
    “So it just appears to many Americans this administration puts the billionaires, the corporations, those that are loyal and friendly to Donald Trump first, and all the rest of us second. 
    “The apex of this effort to turn our government–and government policy–over to the billionaires is this tax cut. Again, this tax and spending package has a lot of elements to it, but the centerpiece is a tax cut that is 852 times bigger for the top 1% of earners in this country than for low-income families. That’s a number that’s a little hard to get your head wrapped around so I just wanted to put it on this chart. That’s what 852 times looks like. 
    “The rates go down for folks that make more than $600,000 a year, but they don’t move for folks that make under $600,000 a year. They’re not trying to hide what’s going on here: rates are coming down if you make a whole ton of money. Rates are staying the same if you’re middle income or lower income. 
    “Another way to tell the story is that if you’re in the top 1%, your average tax cut is about $70,000. That’s a lot of money. That’s a lot of money. But if you’re making $30,000 a year – and there’s a whole bunch of people in this country that are making $30,000 a year, especially when Republicans refuse to support the minimum wage going above $7.25 an hour – if you make $30,000 a year, you are going to get about $130. $70,000 if you’re doing really, really well. $130 for everybody else. That doesn’t make any sense. Why do people making $600,000 a year need $70,000 while only a hundred bucks goes to everybody else? 
    “The corporations are in the mix here too. They came to Congress in 2007 and said ‘we need a lower tax rate.’ And then Trump and his Republican allies gave them a tax rate even lower than they asked. “And they made this claim that all this extra money going to the corporations was going to be passed down to workers. They had a specific claim that it was going to result in $4,000 more in income to every American. Because that’s how trickle-down economics works in the brains of Republicans. You give a whole bunch of money to corporations, and they’re going to be generous and they’re going to give that money to workers in extra income. 
    “Well, we now have eight years of experience since that first tax cut that they are looking to reauthorize. We know what happened. The studies show that it wasn’t $4,000 of extra income; it wasn’t $3,000; it wasn’t $2,000; it wasn’t $1,000; it wasn’t $500; it wasn’t $400. It wasn’t even $200. It was zero. The tax cut resulted in an increase in salary – to those people that worked for those corporations that got the big tax cut – a salary increase of zero. It’s a scam. Trickle-down economics is a scam. When you put this much money into the hands of the wealthy, it does not trickle down to everybody else. When you give corporations those enormous tax cuts, it does not trickle down to everybody else. It stays in the pockets of the wealthy. The corporations use it in order to do stock buybacks, in order to inflate CEO salaries. It just separates the rich from the poor. It is a scam. It is a scam.
    “Now, the last thing I’ll say before turning it over to Senator Kaine is that this version of the giant billionaire and corporate tax cut is so much worse than the first version. It still is a tax cut for the wealthy that’s 852 times bigger than for folks at the bottom of the income scale. But whereas in 2017 it was all borrowed–and that’s bad because that money has to be recouped somehow, that means that everybody eventually is going to either pay higher interest rates or have their taxes raised, or their services cut to service all that debt–trillions of dollars worth of debt–this time Republicans are contemplating not borrowing the money, but instead just taking it from poor people and middle class people. Just taking it from them to give it to the billionaires and the corporations.
    “The cut that they’re contemplating in the House of Representatives is a cut to Medicaid. Now, they’re also thinking about cuts to Medicare, your parents’ primary health insurance. They’re contemplating cuts to the Affordable Care Act, that’s the program that insures 20 million working Americans. But they’re really zeroed in on Medicaid, and they’re contemplating such devastating cuts to Medicaid that it would eviscerate the program. And maybe you can say well, Medicaid, it’s for poor people and that’s not me. 
    “Well, listen, I think we have an obligation to try to make sure that everybody in this country, even poor children, have access to health care. But Medicaid also pays for your parents’ or your neighbors’ nursing home costs. If you cut the amount of money that they’re talking about out of the Medicaid program, you’re literally talking about nursing homes shutting down and seniors being out on the street. That’s not hyperbole. That’s what happens if you make these massive cuts to Medicaid. And so what they’re talking about this year is not just running up a credit card bill in order to fund the tax cuts for the wealthy. They’re literally talking about putting seniors out on the street in order to fund a tax cut for the wealthy. 
    “The whole thing just feels like a scam: the favors being given to billionaires that are inside the government, the tax cut that benefits the very, very wealthy at the expense of everybody else, the cutting of services that help regular people in order to finance the tax cut. And whether it ends up being one bill or two bills, the centerpiece is still the centerpiece: the transfer of resources and wealth from regular people, from the middle class, from poor people, to the very, very wealthy, the millionaire and billionaire class, the corporations. 
    “And so, we’re going to tell this story–here on the Senate floor, all over the country–while this bill moves its way through the process, either as one bill or two bills. Because regardless of the process, the story is still the same: a scam. To take money from regular people to make the lives of the rich and powerful even more lavish. I yield the floor.”

    MIL OSI USA News

  • MIL-OSI USA: Durbin, Marshall Introduce Protecting Patients From Deceptive Drug Ads Act

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    February 20, 2025

    With the rise in social media & telehealth, this bipartisan legislation would address false & misleading prescription drug promotions

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL) and U.S. Senator Roger Marshall, M.D. (R-KS) today introduced the Protecting Patients from Deceptive Drug Ads Act, bipartisan legislation that would protect public health and close regulatory loopholes by having the Food and Drug Administration (FDA) address false and misleading prescription drug promotions by social media influencers and telehealth companies. 

    The prevalence of online promotions and direct-to-consumer advertisements for prescription drugs—such as weight loss, gastrointestinal, or psychiatric medications—has drastically increased in recent years, notably through influencers and telehealth companies—most recently during the Super Bowl—and on social media platforms such as TikTok and Instagram. FDA oversees manufacturer-sponsored prescription drug advertisements by ensuring that promotions by manufacturers are accurate, risks and benefits are disclosed, and information on the FDA-approved label is shared. However, there is generally a gap in FDA’s oversight when it comes to many advertisements by influencers and telehealth companies. Too many of these promotions provide false information, omit key side effects, or fuel demand for medications that may not be appropriate for a patient. 

    “The power of social media and the deluge of false and misleading promotions has led to too many young people being exposed to inaccurate and harmful advice that promises quick fixes from certain medications,” said Durbin. “Consumers are at risk of severe and long-lasting side effects when an influencer or telehealth company is profiting off deceptive medical content. Our bipartisan legislation would close FDA loopholes to protect patients from prescription drug advertisements lacking basic safety and accuracy information.”

    “With the skyrocketing trend of TV ads and social media influencers promoting new medications, this legislation will ensure that advertising regulations and disclosure standards are applied uniformly and consistently,” said Marshall.

    The Protecting Patients from Deceptive Drug Ads Act would address false and misleading prescription drug promotions by having FDA issue warning letters, followed by fines for noncompliance, to influencers and telehealth companies that engage in communications that accrue a financial benefit to the speaker and contain false or inaccurate statements, omit labeling or other key facts regarding a medication, or fail to include traditional risk and side effect disclosures. The legislation includes commonsense exemptions to limit the scope of the legislation to flagrantly deceptive commercial speech.

    Additionally, the legislation would require pharmaceutical manufacturers to report payments to influencers to the Open Payments database—similar to the existing disclosure of payments to physicians and other health providers—to shine light on promotional activities, including through celebrities. The legislation would enhance FDA’s visibility of social media promotions by utilizing new analytical tools, enhancing public education, coordinating with the Federal Trade Commission (FTC), and establishing a process to notify drug manufacturers of violative content.   

    The Protecting Patients from Deceptive Drug Ads Act is endorsed by Generation Patient, American Academy of Pediatrics, American College of Physicians, American Academy of Child and Adolescent Psychiatrists, Doctors for America, Public Citizen, Public Interest Research Group, Light Collective, Young People’s Alliance, and Connecting to Cure Crohn’s and Colitis.

    Earlier this month, Durbin and Marshall sent a bipartisan letter to FDA to draw the agency’s attention to an a pharmaceutical advertisement that aired during the Super Bowl to more than 120 million Americans, which misled patients by omitting any safety or side effect information when promoting a specific type of weight loss medication.

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    MIL OSI USA News

  • MIL-OSI United Nations: Secretary-General, at Regional Heads of Government Meeting, Urges ‘Unified Caribbean’ to Push World to Deliver on Promises That Are Key to Tackle Violence, Climate Crisis

    Source: United Nations General Assembly and Security Council

    Following are UN Secretary-General António Guterres’ remarks at the opening ceremony of the Caribbean Community (CARICOM) forty-eighth regular meeting of Heads of Government, in Bridgetown today:

    It is a joy to be with you in Barbados, and an honour to be back in the Caribbean.  I am delighted to meet Prime Minister Mottley again so soon after the African Union Summit in Ethiopia, where you delivered such a powerful message on the legacies of slavery and colonialism, and reparatory justice.

    The exquisite beauty of the Caribbean is famed the world over.  But there is trouble in paradise.  Wave after wave of crisis is pounding your people and your islands — with no time to catch your breath before the next disaster strikes:  geopolitical tensions fuelling uncertainty; the scarring effects of COVID-19 leaving a trail of socioeconomic crisis; soaring debt and interest rates, on top of a surge in the cost of living.  All amidst a deadly swell of climate disasters — ripping development gains to shreds and blowing holes through your national budgets.  And all as you remain locked-out of many international institutions — one of the many legacies of colonialism today.

    The cure for these ills is global.  International solutions are essential to create a better today and a brighter tomorrow for this wonderful region, and for the world.  We have progress on which to build — hard-won global commitments to address the immense challenges we face.  But we need the world to deliver.

    The irrepressible strength of a unified Caribbean, and commitment to multilateralism — which have done so much to advance global progress — is vital to achieving that aim.  And your theme for this year — Strength in Unity — is truly a theme for our times.  I see three key areas where, together, we must drive progress.

    First, unity for peace and security, particularly to address the appalling situation in Haiti — where gangs are inflicting intolerable suffering on a desperate and frightened people.  CARICOM, and the Eminent Persons Group, have provided invaluable support. We must keep working for a political process — owned and led by the Haitians — that restores democratic institutions through elections.

    And I will soon report to the United Nations Security Council on the situation in Haiti, including proposals on the role the UN can play to support stability and security and address the root causes of the crisis.

    It is my intention to present to the Security Council a proposal that is very similar to the one that we have presented for Somalia, in which the UN assumes the responsibility of the structural and logistical expenditures that are necessary to put the force in place, and the salaries of the force are paid through the trust fund that already exists.

    And if the Security Council will accept this proposal, we will have the conditions to finally have an effective force to defeat the gangs in Haiti and create the conditions for democracy to thrive.  And I urge you to continue your work and advocacy to tackle the weapons and drug trafficking that is fuelling violence across the region, including through prevention.

    But let’s be clear:  to fight drug trafficking or to fight weapons trafficking, we also need to address the countries of origin and the countries of destination.  Without their cooperation, we will never be able to win this battle, and the people of the Caribbean are paying a heavy price for the lack of cooperation that unfortunately, we still face.

    Second, unity on the climate crisis.  You face a deplorable injustice:  A crisis you have done next to nothing to create is wrecking economies, ruining lives, and threatening your very existence.  Together, you have fought tooth and nail for the global commitment to limit global temperature rise to 1.5 degrees.

    This year, countries must deliver new national climate action plans, ahead of COP30, that align with that goal, with the Group of 20 (G20) — the big polluters — leading the way.

    This is a chance for the world to get a grip on emissions. And it is also a chance for the Caribbean to seize the benefits of clean power, to tap your vast renewables potential and to turn your back on costly fossil fuel imports.

    But this requires finance.  We need confidence that the $1.3 trillion agreed at COP29 will be mobilized.  And we need the world to get serious in responding to the disasters that we know will keep coming.  Adaptation is critical for this region to save lives and to make economies resilient.  And we need developed countries to honour their promises on adaptation finance — and more.

    And we need meaningful contributions to the new Loss and Damage Fund.  When the fund was created, the pledges made are equivalent to the new contract for just one baseball player in New York City.  Let’s be clear:  the Loss and Damage Fund must be a serious thing.  And we must be able to find new, innovative sources of financing and namely to finally put seriously a price on carbon — and there are different ways to achieve this goal.

    This must be part of broader efforts because, third, we need unity for sustainable development.  Globally, the Sustainable Development Goals (SDGs) are starved of adequate finance, as debt servicing soaks up funds, and international financial institutions remain underpowered.  Caribbean countries have been at the forefront of the fight for change — pioneering bold and creative solutions.

    And the Pact for the Future agreed last year, together with the Bridgetown Initiative, now 3.0, marks significant progress — and I thank you all for your support.  The Pact commits to advancing an SDG Stimulus of $500 billion a year.  And it asks multilateral development banks to consider structural vulnerabilities in access to concessional funds, including through using the Multidimensional Vulnerability Index.

    With this, or any other instrument, it is absolutely essential that middle-income countries that have dramatic vulnerabilities, especially because of climate change, have access to concessional funding.  Without it, it is impossible to recover and to build the resilience that is so much highlighted in this congress.

    It also calls for representation in international financial institutions to correct for the world’s vast inequalities and injustices and for effective action on debt.  Without debt relief, and without new debt strategies, it will be impossible to fully recover your economies.

    At the same time, we need bigger and bolder multilateral development banks, with more capital, more lending capacity and more capacity to also leverage private funding for the kind of investments that are essential to build resilience and to promote sustainable development in countries like the countries of the Caribbean.

    We must push the world to deliver on those commitments.  And we must ensure all countries can reap the benefits of technologies for sustainable development — by delivering on the Global Digital Compact.

    A unified Caribbean is an unstoppable force.  I urge you to keep using that power to push the world to deliver on its promise.  And I can guarantee that the United Nations and myself are with you, and will remain with you, every step of the way.

    MIL OSI United Nations News

  • MIL-OSI United Nations: Central African Republic faces ongoing challenges ahead of elections

    Source: United Nations MIL OSI b

    Peace and Security

    The recent attack on a UN patrol in the Central African Republic (CAR) which resulted in the death of a Tunisian peacekeeper, underlines the constant dangers facing peacekeepers from armed groups there, the head of the UN mission (MINUSCA) told the Security Council on Thursday.

    Valentine Rugwabiza condemned the incident early last week, calling on Central African authorities to thoroughly investigate and bring the perpetrators to justice.

    Bordering South Sudan and the Democratic Republic of the Congo, the region – larger than Switzerland – has been a hotspot of conflict due to its strategic importance, intercommunal tensions and civil strife.

    Troubled past

    CAR has been grappling with conflict since 2012, as fighting between the mostly Christian anti-Balaka militia and the mainly Muslim Séléka rebel coalition left thousands dead and many more dependent on aid.

    In 2013, armed groups seized the capital and then President François Bozizé was forced to flee. After a brief period of reduced violence in 2015, and elections held in 2016, fighting intensified again.

    Peace talks got underway in early 2019 under the auspices of the African Initiative for Peace and Reconciliation in CAR, led by the African Union (AU) with UN support. The deal was agreed in Khartoum, but formally signed in CAR’s capital, Bangui.

    Elections: Opportunities or risks?

    With local, legislative and presidential elections scheduled for 2025, Ms. Rugwabiza noted that the upcoming electoral cycle represents a key opportunity where “safe, transparent and inclusive elections” could “contribute towards addressing roots causes of recurring conflict in the CAR”.

    Progress has been recorded in electoral preparations, with voter list revisions successfully conducted in 11 out of 20 prefectures.

    MINUSCA supported the process, ensuring that 98 percent of registration centres were operational, allowing over 570,000 new voters to register.

    However, security challenges persist, and 58 voter registration centres remain closed.

    Security: Still precarious

    Despite some improvements, instability persists in CAR, particularly in border areas where armed groups exploit mining sites and transhumance corridors.

    Ms. Rugwabiza noted that the ongoing conflict in Sudan has further complicated security dynamics, necessitating strengthened cross-border cooperation.

    She highlighted the recent inauguration of CAR’s first multiservice border post in Bembéré, constructed with MINUSCA support, a milestone in border security efforts.

    Challenges in the peace process

    Six years after the signing of the Political Agreement for Peace and Reconciliation, nine of the 14 signatory armed groups have disbanded. However, some factions remain active, undermining peace efforts.

    “There is an urgent need for increased political mobilisation, particularly from guarantors, namely the African Union and the Economic Community of Central African States to facilitate the return of those armed groups leaders and subsequent long-term disarmament,” Ms. Rugwabiza stressed.

    Additionally, she called on CAR authorities to accelerate the operationalisation of the Truth, Justice, Reparation and Reconciliation Commission (TJRRC), emphasising the importance of transitional justice and accountability for victims.

    Security sector reform

    Security sector reform also remains central to CAR’s stabilisation. Ms. Rugwabiza acknowledged recent progress, including the establishment of a military tribunal in Bouar.

    However, “the recruitment of former self-defence group members outside regulatory frameworks risks reversing security gains,” she cautioned, urging proper oversight.

    Human rights violations remain a pressing concern and while the recent passage of a national law to protect human rights defenders marks a positive step, Ms. Rugwabiza called on the Government to take decisive action against impunity.

    Women entrepreneurs driving recovery

    Addressing ambassadors via videolink, Portia Deya Abazene, President of the Federation of Women Entrepreneurs of CAR, highlighted the role of women in driving the country’s economic recovery.

    She noted that despite legal frameworks guaranteeing equality, women in CAR represent only 15.5 percent of business owners in some sectors.

    In the past two years, her organization has facilitated training for more than 2,700 women who received education in leadership, digital marketing and finance.

    “The CAR cannot reach its full potential as long as more than 51 per cent of its population – I’m referring to women – remain marginalised,” she said.

    International support needed

    Looking ahead, Ms. Rugwabiza emphasised that “the allocation of timely and adequate resources remains critical to consolidate security gains and translate them into concrete improvements in the lives of the Central African people.”

    With elections on the horizon and security threats persisting, MINUSCA’s role remains vital in supporting CAR’s path to stability.

    However, without continued political and financial backing, the country’s hard-fought progress risks being reversed.

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: Councillors agree record spend on primary schools and extra support for social care

    Source: Scotland – City of Edinburgh

    Millions of pounds will be spent on protecting and improving schools and crucial frontline services in Edinburgh.

    Setting our budget today (Thursday 20 February) Councillors identified a £1.8bn spending programme focused on investing in services for children, older residents and those most in need of our support.

    An increase in Council Tax rates will be used to balance the budget and to increase spending on frontline services like education, social care and road safety around schools; in direct response to calls from local residents during extensive budget consultation.

    Council Leader Jane Meagher said:

    Together we’ve been able to deliver a balanced budget and prioritise spend on the areas residents have told us they care about most, while staying true to the Council’s core commitments of tackling poverty and climate change and ‘getting the basics right’.

    We’ve updated our plans at every step, taking stock of the thousands of responses gathered during our public consultation calling for us to invest in our frontline services.

    Residents and community groups have been loud and clear that people want spending on schools and roads to be protected, sharing concerns about the local impact of the national social care crisis, and that they’d be willing to see Council Tax raised to make this happen.

    We’ve listened and we’ve gone further – agreeing record spend on over a dozen new and existing school buildings, specific funding for road safety around schools and substantial extra money for the Edinburgh Health and Social Care Partnership.  We’ll be tackling Edinburgh’s housing and homelessness emergencies and investing in our communities, including money towards roads and a new Blackhall Library. 

    For all that, we have had to make many difficult decisions to make substantial savings and I’m grateful to all Councillors for their input. We remain the lowest funded local authority in Scotland, and I will continue to call for fairer funding for Edinburgh.

    Finance and Resources Convener Cllr Mandy Watt said:

    Residents are aware of the financial challenges we face following years of underfunding, and they’ve told us in their thousands that they want to see vital services protected and enhanced. I’m pleased that we’ll be able to use the £26 million raised from an 8% increase in Council Tax to protect and improve these services.

    Huge pressures on health and social care and housing remain unaddressed nationally and while this Budget does everything within our power to protect local services, we need greater action to be taken at a government level.

    A huge amount of work has taken place to consider our budget options, with detailed proposals reported to Committees and tweaked in the months leading up to today’s final decision. I’d like to thank Council officers for all their work on this.

    Substantial spend on schools

    In the highest spending on school buildings in recent years, £296m will be invested towards five new campuses (Granton Waterfront, Newcraighall, St Catherine’s, Gilmerton Station and Builyeon), five extensions (Hillwood, Queensferry and Frogston primaries, plus Castlebrae and Craigmount high schools), plus a replacement building for Fox Covert.

    We’ll invest an additional £30m towards upgrading special needs schools, with improvements designed to allow as many pupils as possible to see their needs met locally. 

    An additional £6.6m will be spent on road safety, particularly around schools. A further £0.5m will be used to drive improvements in educational attainment and £1m will be invested in Holiday Hubs, with options to make this scheme more sustainable to be explored.

    Funding will also be protected around enhanced pupil support bases, pathways for pupil support assistants, transition teachers and devolved school budgets.

    Extra support for social care

    Up to £66m will be spent on Health and Social Care facilities in light of increasing demands for services, a growing and aging population and the rising costs to the EIJB of delivering these services.

    As part of this, Councillors have agreed to set up a new Innovation and Transformation Fund – subject to match-funding by NHS Lothian – to leverage additional capital investment worth up to £16m.

    Additional funding will provide support for Adult Health and Social Care worth £14m plus £5.6m will be put towards adaptations, to help people to live in their own homes independently.

    Up to £2.5m from a Reform Reserve will be allocated to third sector support, plus income maximisation of £1m, following challenges with reduced funding available to charities and voluntary organisations from the EIJB.

    More budget spent on roads

    Responding to the results of our budget consultation – where people said they’d like to see money spent on roads, we’ll spend £40m on roads and transport in the year ahead.

    Focusing on areas identified by a Women’s Safety survey, where certain parts of the city were described as feeling unsafe, as part of this spend we will invest £12.5m this year and next improving roads, pavements, streetlights.

    We will invest a further £6.6m in Safer Routes to School and travelling safely.

    Prioritising our communities and climate

    Councillors have committed to climate remaining a key priority and over the next 12 months and an additional £2.9m will support actions with city partners to address Edinburgh’s climate and nature emergencies.

    Supporting a Just Transition, affordable, net zero housing including 3,500 new, sustainable homes in the £1.3bn transformation of Granton Waterfront will be taken forward.

    An additional £15m is planned to sustainably replace Blackhall Library, which has been closed due to RAAC, while £0.5m will be used to increase enforcement to keep the city cleaner and safer. Around £0.5m will also be used to create better data to support local decision making.

    Focused poverty prevention

    Councillors have committed to accelerate the work of the End Poverty Edinburgh Action Plan, tackle the city’s Housing Emergency and review the way we support the third sector in Edinburgh.

    We will continue to support the Regenerative Futures Fund which will help local communities to lead poverty prevention and deliver change.

    We’ll invest £50m in purchasing and building suitable temporary accommodation for people experiencing homelessness.

    Following agreement of the Housing Revenue Account budget, we will continue work to retrofit high rise blocks and spend £14.8m towards new affordable housing and upgrades to void properties, to get them back into use as homes.

    Council rents will be raised by 7% to raise much needed new funds to upgrade housing, with Councillors also agreeing to increase the city’s Tenant Hardship Fund by 7% in line with this rent rise.

    Changes to Council Tax

    All Council Tax rates will rise by 8% from April 2025 to allow the above investment to take place.

    The new rates will be:

    A: £1,042.34

    B: 1,216.06

    C: £1,389.79

    D: £1,563.51

    E: £2,054.28

    F: £2,540.70

    G: £3,061.87

    H: £3,830.60

    MIL OSI United Kingdom

  • MIL-OSI Canada: Protecting yourself from scams

    Source: Bank of Canada

    Recognizing a scam

    As Canada’s central bank, the Bank of Canada:

    • does not accept deposits from or on behalf of individuals
    • does not request the transfer of funds or payments from individuals
    • does not get involved in or partner with companies or individuals in investment schemes
    • does not collect personal or financial information from individuals through email or by telephone
    • does not request personal or financial information through social media messaging applications
    • does not sell or issue any form of cryptoasset

    The Bank’s employees and officers:

    • do not request personal or financial information by telephone, email or through social media messaging applications
    • do not participate in any internet-based communications that request information or payment for services

    Reporting a scam

    Take the following steps if you have concerns about the contents of any call or internet-based communication that purports to be from the Bank or about the Bank’s involvement in any investment scheme or suspicious activity:

    • Delete the email or message after contacting your local authorities.
    • Do not follow links. Access the Bank’s website by typing the URL yourself—https://www.bankofcanada.ca—and look for references to the program identified in the email.
    • Call our Public Information Office at 1‑800‑303‑1282 (toll-free in North America), or send us an
      with details of the scam.
    • Optionally, contact the Canadian Anti-Fraud Centre.

    If you suspect your information may have been compromised, you may also wish to take precautionary measures to safeguard financial and personal information online, such as:

    • updating any passwords for credit cards, financial or other accounts
    • enabling multi-factor authentication on all accounts online
    • monitoring your financial and personal online accounts for any unusual activity

    MIL OSI Canada News

  • MIL-OSI Global: Ukraine war: the idea that Kyiv should have signed a peace deal in 2022 is flawed – here’s why

    Source: The Conversation – UK – By Stephen Hall, Lecturer (Assistant Professor) in Russian and Post-Soviet Politics, University of Bath

    It has been an eventful and, for Ukraine and its European allies, alarming past week or so. First they heard that the US president, Donald Trump, had spent 90 minutes on the phone with his Russian counterpart, Vladimir Putin. In one stroke, Trump upended three years in which his predecessor, Joe Biden, had sought to isolate Russia after its full-scale invasion of Ukraine.

    On the same day, February 12, Trump’s newly installed secretary of defense, Pete Hegseth, told a gathering of senior defence officials in Brussels that Europe would no longer be the primary focus for US security policy, and that Ukraine could not hope to regain the territory Russia had illegally occupied since 2014, nor join Nato.

    Hegseth added that not only would the US not contribute to any peacekeeping force in Ukraine in the event of a peace deal, but that any European peacekeeping operation would not be done under the protection of Nato’s Article 5.

    This was soon followed by the US vice-president, J.D. Vance, telling the Munich Security Conference that it was Europe, not Russia or China, that was the main security threat – the “enemy within” that fostered anti-democratic practices and sought to curtail free speech.

    This week, a US team led by the secretary of state, Marco Rubio, sat down with their Russian opposite numbers led by the foreign minister, Sergei Lavrov, to discuss peace negotiations. Ukraine was not represented. Nor was Europe. Following that, and perhaps taking his cue from Hegseth, Lavrov declared that Russia would not accept any European peacekeepers in Ukraine – deal or no deal.

    Meanwhile, Trump has taken to his TruthSocial media platform to repeat several favourite Kremlin talking points. Ukraine was responsible for the war, he said. Its president, Volodymyr Zelensky, was a “dictator” who had cancelled elections, and whose popularity with his own people was now as low as 4% (it’s actually 57%, at least 10 points higher than Trump’s rating in the US).

    Trump also mocked Zelensky’s concern at his country’s exclusion from the Riyadh talks, telling reporters: “Today I heard: ‘Oh, well, we weren’t invited.’ Well, you’ve been there for three years … You should have never started it. You could have made a deal.”

    This leads us back to the Istanbul communique, produced at the end of March 2022 after initial peace talks between Russia and Ukraine in Antalya, Turkey. Some US commentators have suggested Ukraine could now be better off had it signed this deal.

    Istanbul communique

    What happened in Istanbul, and how close Russia and Ukraine were to an agreement, has been hotly debated, with some arguing a deal was close and others refuting this.

    Ukraine reportedly agreed to a range of concessions including future neutrality, as well as giving up its bid for membership of Nato. Russia, in turn, would apparently have accepted Ukraine’s membership of the EU. This concession, incidentally, is still on the table.

    But there were sticking points, primarily over the size of Ukraine’s armed forces after a deal – Kyiv reportedly wanted 250,000 soldiers, the Kremlin just 85,000 – and the types of weaponry Ukraine could keep in its arsenal.

    There were also issues about Ukraine’s Russian-occupied territory, particularly Crimea – this was projected to be resolved over 15 years with Russia occupying the peninsula on a lease in the meantime. Another Kremlin demand was for Zelensky to stand down as president, with the presidency being taken up by the pro-Russian politician Viktor Medvedchuk.

    Negotiations continued through April 2022, only to break down when Russian atrocities were reported in Bucha, a town Ukrainian troops had retaken as part of their spring counter-offensive. But the fact is, an agreement was never really close.

    The UK’s former prime minister, Boris Johnson, has taken much flack over reports that he urged Zelensky not to accept the deal. But there was never a realistic chance this deal would be acceptable to Ukraine. A neutral Ukraine with a reduced military capacity would have no way to defend itself against any future aggression.

    Had Ukraine done a deal based on the Istanbul communique, it would have essentially led to the country becoming a virtual province of Russia – led by a pro-Russian government and banned from seeking alliances with western countries. As for joining the EU, it was the Kremlin’s opposition to Kyiv’s engagement with the EU in 2013 which provoked the Euromaidan protests and led to Russia’s initial annexation of Crimea the following year.

    What next?

    Kyiv signing the Istanbul communique may have quickly stopped the war and the killing. But the Kremlin has repeatedly shown it cannot be trusted to adhere to agreements – you only have to look at the way it repeatedly violated the Minsk accords of 2015, which attempted to end hostilities in eastern Ukraine.

    Further, a deal that rewards Russian aggression by agreeing to its taking of territory and demanding the neutrality of the victim would undermine global security, and encourage other illegal foreign policy adventurism.

    If the Trump administration has the blueprint of a fair peace deal, it’s hiding it well at this point. Instead, European leaders have been put in a position where they must face the prospect of having to fund Ukraine’s continued defence, while coping with a US retreat from its security guarantees for Europe as a whole.

    Either that or, as my University of Bath colleague Patrick Bury wrote on X this week, accept some pretty dire consequences.

    Europe is facing a crisis that it could have prepared for after Russia’s full-scale invasion of Ukraine in 2022. With Trump back in power, the relationship between the US and Europe appears increasingly fractured. But Europe too is bitterly divided over how to approach this crisis.

    Britain and France initially talked up the idea of providing troops as peacekeepers in Ukraine – but Germany adamantly refused to go along with that plan. Both Emmanuel Macron and Keir Starmer have since rethought the idea (although there is a report that the UK prime minister has considered a scheme for a 30,000-strong “monitoring force” away from the ceasefire line).

    The Kremlin reacts to signals. While it was clearly preparing for the invasion in late 2021, Joe Biden’s statement that he would not send troops to defend Ukraine showed the limits to US involvement. A message that Europe is prepared to dispatch peacekeepers to Ukraine now would send a strong signal to Putin – and the Trump administration – that Europe is serious.

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

    ref. Ukraine war: the idea that Kyiv should have signed a peace deal in 2022 is flawed – here’s why – https://theconversation.com/ukraine-war-the-idea-that-kyiv-should-have-signed-a-peace-deal-in-2022-is-flawed-heres-why-250423

    MIL OSI – Global Reports

  • MIL-OSI Global: German election: why most political parties aren’t talking about the climate crisis

    Source: The Conversation – UK – By Vera Trappmann, Professor in Comparative Employment Relations, University of Leeds

    MDV Edwards/Shutterstock

    After months of wrangling over public debt and spending decisions, the German government collapsed in November 2024. Among the many disagreements between the parties which made up the governing coalition was how to pay for measures to combat climate change.

    Seeking to take advantage of disillusioned voters (who in recent years showed record support for the Greens), populist parties have since cast doubt on the idea of tackling environmental issues at all.

    Alternative für Deutschland (AfD), for example, the rightwing party which denies the existence of man-made climate change, has raised concerns about energy security and the economic cost of green alternatives.

    If the AfD’s broader aim was to take green issues off the political agenda, the plan appears to be working. In the run-up to the general election on February 23 2025, migration and the economy are the most important issues for voters (each on 34%), with climate change lagging far behind (13%).

    Nor has the environment been a priority in the parties’ election campaigns. In the first TV debate between the chancellor, the social democrat Olaf Scholz, and his most likely successor, the conservative Friedrich Merz, the topic was ignored almost entirely. A lack of political will and fear of losing voters appear to have relegated environmental policies to the sidelines.

    Others want it back at the top of the agenda. Germany’s foreign intelligence service, for example, describes the climate crisis as one of the major risks facing the country, alongside terrorism and war.

    Business associations have urged the next government to address climate change mitigation for the sake of German jobs. The Federation of German Industries has demanded an increase in public spending on climate change of as much as €70 billion (£58 billion). Younger voters have called for a nationwide protest to bring the subject back into politicians’ minds.

    So have German voters really become sceptical about dealing with climate change?
    In a recent study, we found that people who planned to vote for the AfD and the leftwing populist BSW party are indeed sceptical of the need for far-reaching climate policies.

    Among voters of these two parties, only 23% (AfD) and 41% (BSW) think that an energy transition is necessary to achieve national climate goals. For Green party voters that figure is 93%, and for SDP supporters it’s 83%.

    Voters across the political spectrum have different priorities when it comes to energy supply. For populist party supporters, energy costs trump everything, with only 12% of AfD and 20% of BSW voters considering low emissions important.

    These voters are also less likely to assume the energy transition would have positive effects on jobs, and are more likely to fear rising energy costs and security of supply. In short, they are afraid of the social and economic consequences of the energy transition. It is this fear that the far right appears to have been able to mobilise.

    Climate costs

    Our results are backed up by other research which shows that poorer voters are concerned about the potential costs associated with net zero ambitions.

    There is also uncertainty about the possible effects on employment. Many people in Germany believe there will be job losses in their local community as a result of the transition to green energy, and 25% worry they will lose their job.

    Climate change protest in Berlin in 2024.
    D Busquets/Shutterstock

    While these results may seem gloomy, we also found majority support – even among AfD voters – for climate change policies where communities benefit financially from local renewable energy projects, and where citizens feel they have more of a voice in how the energy transition comes into effect.

    People want to be heard and participate in a potential transformation. Previous research in psychology has shown that participating in processes and a perception of fairness can increase acceptance.

    Research also shows that people fear the effects of climate policies on their personal finances, and that these perceived costs inhibit environmentally friendly behaviour.

    But the climate crisis won’t go away, no matter who governs Germany in the coming years. More “once-in-a-century” floods and droughts will hit the nation and bring the climate crisis back to the top of the political agenda.

    When this happens, politicians need to ensure they have a positive and credible vision of the future ready to present to voters – where the costs are shared fairly. This will make it harder for populist parties to play on economic worries, and easier to persuade German voters to prioritise the climate crisis.

    Vera Trappmann receives funding from Hans Böckler Foundation

    Felix Schulz receives funding from the Hans-Böckler-Foundation.

    ref. German election: why most political parties aren’t talking about the climate crisis – https://theconversation.com/german-election-why-most-political-parties-arent-talking-about-the-climate-crisis-249731

    MIL OSI – Global Reports

  • MIL-OSI Global: The US has a long history of meddling in Latin America. What’s different about Donald Trump’s approach?

    Source: The Conversation – UK – By Natasha Lindstaedt, Professor in the Department of Government, University of Essex

    Jimmy Carter, who was president from 1977 to 1981, considered the treaties signed in 1977 to cede control of the Panama Canal to Panama, ending over a century of strained relations, one of the crowning achievements of his administration.

    Today, Panamanians are uncertain whether Donald Trump will abide by these treaties – and are nervous about what could happen next. Panamanian journalists that I have spoken with are increasingly concerned that the US will invade.

    Trump has repeatedly refused to rule out using the US military to seize the Panama Canal, if necessary, despite boasting that he had an impeccable record of not starting any new wars.

    While this appears to be a huge departure in US foreign policy towards Latin America, the US has had a long history of invading, meddling, supporting coups and offering clandestine support to violent non-state actors in the region.

    One historian has noted that the US participated (directly and indirectly) in regime change in Latin America more than 40 times in the last century. This figure does not even take into account failed missions that didn’t result in regime change, such as the US’s orchestrated invasion of the Bay of Pigs in Cuba in 1961.

    When the US is not intervening, its approach to the region has been described as “benign neglect”. During these interludes, Latin America was mostly ignored while the US prioritised other geopolitical interests.

    Return to the old ways?

    But Trump’s latest threats to Panama are a return to the paternalistic era of US foreign policy towards Latin America. This arguably started with the Monroe Doctrine in 1823 — a framework that aimed to protect US interests in the region from European aggression. Latin America essentially became the US’s backyard. At the time, the Monroe Doctrine received some support from Latin American countries that were hoping for independence from Europe and republican forms of government.




    Read more:
    US pressure has forced Panama to quit China’s Belt and Road Initiative – it could set the pattern for further superpower clashes


    But this would change with the increasingly interventionist posture of US president Theodore Roosevelt during his two terms from 1901 to 1909. On November 18 1903, when Panama was just 15 days old, Roosevelt signed the Hay–Bunau-Varilla Treaty , in which the US promised to support Panamanian independence from Colombia in exchange for rights to build and operate the Panama Canal. Reportedly the deal was engineered by a Frenchman, Philippe Bunau-Varilla, and no Panamanians were involved. This was the era of “big stick diplomacy” where the US would muscle its way into getting what it wanted with a series of credible threats.

    During the cold war, Washington’s stance in Latin America became even more interventionist. The US backed authoritarian rule by right-wing military dictatorships in Argentina, Brazil, Chile, El Salvador, Guatemala, Paraguay, Bolivia, Uruguary and Honduras.

    The US government provided organisation, financial and technical support for military regimes that were disappearing, kidnapping, torturing and murdering their political opponents, during Operation Condor in the 1970s. Democratically elected leaders Jacobo Árbenz and Salvador Allende were removed from power with the help of US covert action in Guatemala in 1954, and Chile in 1973, respectively.




    Read more:
    Operation Condor: why victims of the oppression that swept 1970s South America are still fighting for justice


    The US was also responsible for funding and training violent non-state groups such as the Contras, a rebel force which was set up in Nicaragua to oppose the Sandinista government. The US also supported the right-wing Arena government which was accused of setting up death squads during the bloody civil war in El Salvador) in which thousands of civilians were killed.

    With the Carter administration’s human rights-focused foreign policy, the US finally did the right thing when it came to returning the Panama Canal to the Panamanians. To accomplish this, Carter had to work hard to build bipartisan support to see the long-term benefits of improving US-Panamanian relations and improving US relations with Latin America more generally.

    From the US standpoint, the canal was no longer economically important. At the same time, the canal had become an issue of national pride in Panama, with mass student-led protests breaking out on January 9 1964 when Panamanians were barred from flying their national flag in the US-controlled canal zone. The day became known as Martyr’s Day after 21 Panamanians were killed by US troops.

    Relations improved after the Carter-Torrijos treaties were signed. But the US returned to an interventionist strategy when it send nearly 26,000 troops to invade Panama during Operation Just Cause in 1989 – the largest US deployment since the Vietnam war.

    Though the goal to remove Panamanian dictator Manuel Noriega (who had formerly been on the CIA payroll) was achieved, more than 500 Panamanians were reportedly killed. Unofficial estimates suggest there may have been as many as 2,000-3,000 deaths.

    Six months after the 1989 invasion, I went to Panama for the summer, and saw first-hand the destruction caused. Looting had been rampant, with millions of dollars worth of goods stolen. There were concerns that the economy in Colón (Panama’s second largest city) wouldn’t be able to recover.

    The impoverished neighbourhood of El Chorillo in Panama City was overwhelmed by a massive use of firepower, including F-117 stealth bombers, Blackhawk helicopters, Apache and Cobra helicopters, 2,000-pound bombs and Hellfire missiles.

    In spite of the devastation, the US could, at least, argue that it invaded in order to restore democracy in Panama. But fast forward to today and Trump has made it clear that he doesn’t care about democracy and human rights. He does care, however, about increasing Chinese economic influence in Latin America – and this high-profile pushback is actually about bullying the Panamanian government to stop doing deals with Beijing.

    And while the seizure of the Panama Canal would probably make very little difference to the US economy, it would make a huge impact to the economy of Panama. The Panamanian government astutely made important investments to enlarge the canal from 2007-2016, and today the canal’s revenues are worth US$5 billion (£3.9 billion), or about 4% of Panama’s GDP.

    The “America first” agenda fails to understand how long-term alliances work, how soft power works, and the importance of having credibility and a vision. In the past, the US has often been aggressive, assertive and interventionist in Latin America, with Trump it looks like all these qualities are back.

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

    ref. The US has a long history of meddling in Latin America. What’s different about Donald Trump’s approach? – https://theconversation.com/the-us-has-a-long-history-of-meddling-in-latin-america-whats-different-about-donald-trumps-approach-249678

    MIL OSI – Global Reports

  • MIL-OSI Global: Canada, Greenland, Panama, Gaza and now Ukraine: Wake up, world, Donald Trump is coming for you

    Source: The Conversation – Canada – By Jeffrey B. Meyers, Instructor, Legal Studies and Criminology, Kwantlen Polytechnic University

    It’s no longer speculative to ask how the post-Second World War world order, led by the United States, will end. It’s apparently already ended.

    The U.S. has snubbed its NATO partners and Ukraine itself from purported “peace talks” to end the three-year-old war in Europe in favour of direct bilateral talks between American and Russian officials hosted by Saudi Arabia.

    President Donald Trump has actually described Ukraine’s widely admired wartime President Volodymyr Zelenskyy as “a dictator” and falsely claimed he started the war.

    These lies came directly after Vice President JD Vance’s recent broadside against NATO partners at the Munich Security Conference in which he downplayed the threat of Russia and China to the western alliance and suggested instead that liberal centrism was the real threat.

    His remarks were widely regarded as an intervention on behalf of the European far right, particularly far-right political parties in Germany ahead of upcoming elections in that country.

    Dreaming of a Gaza takeover

    Eighty years after the liberation of Auschwitz and 36 years after the fall of the Berlin Wall, we are in the midst of new crimes against humanity, new forms of ethnic cleansing and even, potentially, genocide.

    In a news conference with Israeli Prime Minister Benjamin Netanyahu, Trump mused about an American takeover of the Gaza Strip by removing its occupants to neighbouring countries and developing the region as a seaside resort. This would very likely constitute a war crime.

    Snubbing international law

    Trump’s return to the American presidency marks a normalization of this type of threat.

    Instead of embracing the international rule of law in the post-Second World War spirit of avoiding another devastating global conflict, the U.S. is building new walls rather than tearing them down while at the same time threatening to annex other sovereign nations and amass new territory.

    Trump is obviously unsentimental about America’s longtime allies, including the innermost circle of English-speaking democracies — the U.S., Canada, the United Kingdom, Australian and New Zealand — that make up the Five Eyes intelligence-sharing alliance.

    A group of countries that wouldn’t normally be fussed about the transition from one American president to another is now very nervous about how far Trump is going to go.




    Read more:
    Allies or enemies? Trump’s threats against Canada and Greenland put NATO in a tough spot


    Anarchy, colonialism

    During the first angry weeks of Trump’s second presidency, the U.S. appears to be signalling a return to an anarchic and explicitly colonial imagining of the world. In this regard, Trump’s disdain for the rule of law at home tracks a potentially even greater disdain for the international legal order, one that’s existed since 1945.

    The only real connection between the past and contemporary times predates the American-led post-war order of the past eight decades and harkens further back to America’s imperialist and expansionist past and ideas like Manifest Destiny from more than a century ago.




    Read more:
    How the U.S. could in fact make Canada an American territory


    Trump, not historically much of an imperialist in his rhetoric, has now doubled down on classical imperialist threats as he repeatedly proposes expanding the physical map of the U.S., musing in particular about Greenland, Panama, Canada and now Gaza.

    Greenland holds a strategic interest for the U.S. — there’s already an American airbase on the island — since its location is increasingly important as the Arctic ice melts and amid greater competition from Russia and China.

    Panama has been in America’s imperialistic sights more often than Greenland, and was even invaded by U.S. forces in 1989.

    Canada as a 51st state

    But Canada? At least Trump agreed at a news conference before taking office that military force was off the table. Instead, Canada only had to worry about “economic force” being used to annex it.

    Prime Minister Justin Trudeau has told business leaders that Trump’s talk about annexing Canada is “the real thing,” aimed at obtaining Canada’s critical minerals.

    Trump’s interactions with Denmark, Canada and Panama all demonstrate a disdain for basic principles of the rule of law at the international level, which is underpinned by the sovereignty of states.

    His musings on Gaza, which led United Nations Secretary General António Guterres to warn him specifically against endorsing ethnic cleansing, demonstrate a willingness to break completely with international legal norms.

    He’s not only peacocking on the global stage, he is also telegraphing that he holds international legal norms in even lower esteem than the norms of his own country, where he is a convicted felon. This situation is as alarming as it unprecedented.




    Read more:
    Despite the U.S. Supreme Court’s gift to Donald Trump, he could be barred from Canada as a convicted felon


    America now a threat

    Right now, cognitive dissonance in the form of status quo bias poses a real danger in terms of Trump’s dismissal of the rule of law. This means that folks are somehow convincing themselves that the undoing of the global rules-based order in real time is just a blip; things will somehow ramp down and return to normal.

    But the evidence is glaringly to the contrary.

    Trump is plainly communicating his wishes: a new age of American imperialism. At first few took him seriously. Now we all are. Canada, due to its proximity to and reliance on the U.S., must especially face a new reality in which an American president casually and repeatedly threatens its sovereignty.

    Canada, America’s closest ally in terms of shared language, culture and geography, should be the first and not the last to start believing Trump’s threats to annex it.




    Read more:
    Allies or enemies? Trump’s threats against Canada and Greenland put NATO in a tough spot


    Even when Trump is no longer in office, neither Canadians nor any of America’s other allies can be certain someone just like him will not be returned to power by the U.S. voters. That means America’s western allies, like Canada and Denmark, must learn the lessons Latin American and Middle Eastern countries learned along time ago: America is a threat.

    The Democratic Party must also figure out how it’s going to effectively resist Trump over the next four years.

    Only an American concern?

    Some might ask: Aren’t these American problems for the American people? As Canadians can attest, no. Trump poses grave dangers to the rest of the world due to the unique place the U.S. occupies in the geopolitical system.

    Nothing about Trump’s second presidency bodes well for America’s allies and friends, including Canada.

    A kleptocrat who regards friends and allies as transactional customers and for whom everything is “just business,” including national security, Trump poses an existential threat not only to America, but to the international world order.

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

    ref. Canada, Greenland, Panama, Gaza and now Ukraine: Wake up, world, Donald Trump is coming for you – https://theconversation.com/canada-greenland-panama-gaza-and-now-ukraine-wake-up-world-donald-trump-is-coming-for-you-248737

    MIL OSI – Global Reports

  • MIL-OSI Global: Ukraine’s natural resources are at centre stage in the ongoing war, and will likely remain there

    Source: The Conversation – Canada – By Nino Antadze, Associate Professor, Environmental Studies, University of Prince Edward Island

    Three years after Russia’s invasion of Ukraine, the world now knows the exact price for American military support of Ukraine. During a recent interview with Fox News, United States President Donald Trump put a $500 billion price tag on American aid to the war-torn country.

    But there was a catch: the exchange should be made in the form of Ukraine’s valuable natural resources, including rare earth minerals. “We have to get something. We can’t continue to pay this money,” Trump said in the interview.

    Ukrainian President Volodymyr Zelenskyy has since told his aides to reject the proposal.

    Given the dizzying pace of events that have unfolded since the Trump interview, it’s unclear now whether any deal with Ukraine on its rare earth minerals will ever come to pass. This is especially true given Trump’s subsequent surprise phone conversation with Russian leader Vladimir Putin and ongoing peace talks between the U.S. and Russia that have excluded Ukrainian and European Union officials.

    But there’s little doubt Ukraine’s natural resources will be an important element in future diplomatic negotiations.

    Always a strategic factor

    Ukraine’s rich natural resources have always been a strategic factor in the war. To some extent, Russia’s invasion of Ukraine was driven by the interest to capture and control these resources — including critical minerals, fertile farmland and energy reserves.

    Ukraine’s previous attempts to develop its mineral deposits and energy reserves — such as oil and gas privatization in 2013 and later attracting investments for the development of its mineral resource extraction in 2021 — were cut short first by Russia’s annexation of Crimea in 2014 and then by the full-scale Russian invasion in 2022.

    In 2021, the European Union signed a strategic partnership with Ukraine to include “activities along the entire value chain of both primary and secondary critical raw materials and batteries.

    The timing of the military campaign against Ukraine may not have been determined solely by the country’s attempts to develop its natural resources, but they have certainly been a factor. Most of these deposits, including oil and gas fields, are located in the eastern and southern regions of Ukraine, which are currently either under Russian occupation or near the front line.

    Ukraine’s mineral wealth

    Ukraine’s mineral wealth amounts to about 20,000 mineral deposits and 116 types of minerals. Most of these deposits are unexplored, with only 15 per cent of all the deposits active prior to the Russian invasion.

    Rare earth minerals are among this mineral wealth as demand for them has skyrocketed in the past several years.

    According to recent estimates, Ukraine has the largest titanium reserves in Europe and seven per cent of the world’s reserves, as well as the largest lithium reserves in Europe. It also has significant production capacity when it comes to rare earth minerals.

    Ukraine also has confirmed deposits of beryllium, uranium and manganese. Before the war, Ukraine was the world’s fifth-largest producer of gallium and is a major producer of neon gas.

    In addition, Ukraine also has large reserves of nonferrous metals, including copper, zinc, silver, lead, nickel, cobalt, as well as one of the largest global reserves of graphite.

    Estimates vary, but Ukrainian critical mineral deposits could be worth trillions of dollars.

    These resources are important from a geopolitical perspective: China has become the major supplier of rare earth minerals on the global market. Not only has China led in the extraction of these minerals, but it also has the largest production and refinement capacity.

    As reliance on Chinese supply has increased, China used it as leverage during the U.S.-China trade dispute in 2019 and stopped rare earth exports to Japan in 2010.

    China’s dominance in this sector means diversifying the supply of rare earth minerals has geopolitical importance, especially for the U.S. and the EU. They want to ensure the supply comes from a strategic partner — Ukraine.

    Ukraine’s natural wealth

    Ukraine’s natural riches go beyond critical minerals and include large deposits of hydrocarbons, particularly natural gas. Ukraine ranks second for natural gas reserves in Europe and fourth in terms of natural gas production.

    Ukraine’s fertile soil — or chernozem, humus-rich grassland soils used extensively for growing cereals and raising livestock — is also economically and strategically important, making the country one of the largest exporters of food globally.

    In 2021, Ukrainian wheat exports accounted for 12 per cent of the global wheat supply, 16 per cent of the global corn supply, 18 per cent of the global barley supply and almost half of the global supply of sunflower seeds, mainly to developing countries.

    Last but not least, Ukraine’s biodiversity, landscapes and ecosystems — some of which have been severely damaged due to the war — are invaluable to the country’s natural environment and essential for the health and well-being of Ukrainians.

    The country’s nuclear facilities and radioactive sites are also at risk of being compromised, which would result in severe environmental and health ramifications in the region. In fact, a recent Russian drone attack reportedly damaged part of the Chernobyl nuclear facility.

    What’s next for Ukraine’s natural resources

    The fate of Ukraine’s mineral riches will largely depend on how the conflict and post-conflict processes unfold.

    But their existence has already proven to be of strategic importance in the war — first, to Russia, and now to the U.S. as well.

    Ukraine’s natural wealth and how it features in current conversations about the future of the conflict reminds us about the central role resource politics can play in shaping war and peace.

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

    ref. Ukraine’s natural resources are at centre stage in the ongoing war, and will likely remain there – https://theconversation.com/ukraines-natural-resources-are-at-centre-stage-in-the-ongoing-war-and-will-likely-remain-there-249254

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Jennie Lee lecture – Arts for Everyone

    Source: United Kingdom – Executive Government & Departments

    Culture Secretary Lisa Nandy has today (Thursday 20 February 2025) made an inaugural lecture marking the 60th anniversary of the first ever arts white paper.

    In 2019, as Britain tore itself apart over Brexit, against a backdrop of growing nationalism, anger and despair I sat down with the film director Danny Boyle to talk about the London 2012 Olympics Opening Ceremony. 

    That moment was perhaps the only time in my lifetime that most of the nation united around an honest assessment of our history in all its light and dark, a celebration of the messy, complex, diverse nation we’ve become and a hopeful vision of the future. 

    Where did that country go? I asked him. He replied: it’s still there, it’s just waiting for someone to give voice to it.

    13 years later and we have waited long enough. In that time our country has found multiple ways to divide ourselves from one another. 

    We are a fractured nation where too many people are forced to grind for a living rather than strive for a better life. 

    Recent governments have shown violent indifference to the social fabric – the local, regional and national institutions that connect us to one another, from the Oldham Coliseum to Northern Rock, whose foundation sustained the economic and cultural life of the people of the North East for generations. 

    But this is not just an economic and social crisis, it is cultural too.

    We have lost the ability to understand one another. 

    A crisis of trust and faith in government and each other has destroyed the consensus about what is truthfully and scientifically valid. 

    Where is the common ground to be found on which a cohesive future can be forged? How can individuals make themselves heard and find self expression? Where is the connection to a sense of belonging to something larger than ourselves? 

    I thought about that conversation with Danny Boyle last summer when we glimpsed one version of our future. As violent thugs set our streets ablaze, a silent majority repelled by the racism and violence still felt a deep sense of unrest. In a country where too many people have been written off and written out of our national story. Where imagination, creation and contribution is not seen or heard and has no outlet, only anger, anxiety and disorder on our streets.

    There is that future. 

    Or there is us.

    That is why this country must always resist the temptation to see the arts as a luxury. The visual arts, music, film, theatre, opera, spoken word, poetry, literature and dance – are the building blocks of our cultural life, indispensable to the life of a nation, always, but especially now. 

    So much has been taken from us in this dark divisive decade but above all our sense of self-confidence as a nation. 

    But we are good at the arts. We export music, film and literature all over the world. We attract investment to every part of the UK from every part of the globe. We are the interpreters and the storytellers, with so many stories to tell that must be heard. 

    And despite everything that has been thrown at us, wherever I go in Britain I feel as much ambition for family, community and country as ever before. In the end, for all the fracture, the truth remains that our best hope… is each other.

    This is the country that George Orwell said “lies beneath the surface”. 

    And it must be heard. It is our intention that when we turn to face the nation again in four years time it will be one that is more self-confident and hopeful, not just comfortable in our diversity but a country that knows it is enriched by it, where everybody’s contribution is seen and valued and every single person can see themselves reflected in our national story. 

    You might wonder, when so much is broken, when nothing is certain, so much is at stake, why I am asking more of you now.

    John F Kennedy once said we choose to go to the moon in this decade not because it is easy but because it is hard.

    That is I think what animated the leaders of the post war period who, in the hardest of circumstances knew they had to forge a new nation from the upheaval of war. 

    And they reached for the stars.

    The Festival of Britain – which was literally built out of the devastation of war – on a bombed site on the South Bank, took its message to every town, city and village in the land and prioritised exhibitions that explored the possibilities of space and technology and allowed a devastated nation to gaze at the possibilities of the future. 

    So many of our treasured cultural institutions that still endure to this day emerged from the devastation of that war.

    The first Edinburgh Festival took place just a year after the war when – deliberately – a Jewish conductor led the Vienna Philharmonic, a visible symbol of the power of arts to heal and unite. 

    From the BBC to the British Film Institute, the arts have always helped us to understand the present and shape the future. 

    People balked when John Maynard Keynes demanded that a portion of the funding for the reconstruction of blitzed towns and cities must be spent on theatres and galleries. But he persisted, arguing there could be “no better memorial of a war to save the freedom of spirit of an individual”.

    Yes it took visionary political leaders. 

    But it also demanded artists and supporters of the arts who refused to be deterred by the economic woes of the country and funding in scarce supply, and without hesitation cast aside those many voices who believed the arts to be an indulgence.

    This was an extraordinary generation of artists and visionaries who understood their role was not to preserve the arts but to help interpret, shape and light the path to the future.

    Together they powered a truly national renaissance which paved the way for the woman we honour today – Jennie Lee – whose seminal arts white paper, the first Britain had ever had, was published 60 years ago this year. 

    It stated unequivocally the Wilson government’s belief in the power of the arts to transform society and to transform lives.

    Perhaps because of her belief in the arts in and of itself, which led to her fierce insistence that arts must be for everyone, everywhere – and her willingness to both champion and challenge the arts – she was – as her biographer Patricia Hollis puts it  – the first, the best known and the most loved of all Britain’s Ministers for the Arts.

    When she was appointed so many people sneered at her insistence on arts for everyone everywhere..

    And yet she held firm.

    That is why we are not only determined – but impassioned – to celebrate her legacy and consider how her insistence that culture was at the centre of a flourishing nation can help us today. 

    This is the first in what will be an annual lecture that gives a much needed platform to those voices who are willing to think and do differently and rise to this moment, to forge the future, written – as Benjamin Zephaniah said – in verses of fire.

    Because governments cannot do this alone. It takes a nation.

    And in that spirit, her spirit. I want to talk to you about why we need you now. What you can expect from us. And what we need from you. 

    George Bernard Shaw once wrote:

     “Imagination is the beginning of creation. 

    “you imagine what you desire,

    “you will what you imagine – 

    “and at last you create what you will.”

    That belief that arts matter in and of themselves, central to the chance to live richer, larger lives, has animated every Labour Government in history and animates us still. 

    As the Prime Minister said in September last year: “Everyone deserves the chance to be touched by art. Everyone deserves access to moments that light up their lives.

    “And every child deserves the chance to study the creative subjects that widen their horizons, provide skills employers do value, and prepares them for the future, the jobs and the world that they will inherit.”

    This was I think Jennie Lee’s central driving passion, that “all of our children should be given the kind of education that was the monopoly of the privileged few” – to the arts, sport, music and culture which help us grow as people and grow as a nation. 

    But who now in Britain can claim that this is the case? Whether it is the running down of arts subjects, the narrowing of the curriculum and the labelling of arts subjects as mickey mouse –  enrichment funding in schools eroded at the stroke of the pen or the closure of much-needed community spaces as council funding has been slashed. 

    Culture and creativity has been erased, from our classrooms and our communities. 

    Is it any wonder that the number of students taking arts GSCEs has dropped by almost half since 2010? 

    This is madness. At a time when the creative industries offer such potential for growth, good jobs and self expression in every part of our country  And a lack of skills acts as the single biggest brake on them…bar none, we have had politicians who use them as a tool in their ongoing, exhausting culture wars. 

    Our Cabinet, the first entirely state educated Cabinet in British history, have never accepted the chance to live richer, larger lives belongs only to some of us and I promise you that we never ever will. 

    That is why we wasted no time in launching a review of the curriculum, as part of our Plan for Change. 

    To put arts, music and creativity back at the heart of the education system.

    Where they belong. 

    And today I am delighted to announce the Arts Everywhere fund as a fitting legacy for Jennie Lee’s vision – over £270 million investment that will begin to fix the foundations of our arts venues, museums, libraries and heritage sector in communities across the country.

     We believe in them. And we will back them.

    Because as Abraham Lincoln once said, the dogmas of a quiet past are inadequate to the stormy present. 

    Jennie Lee lived by this mantra. So will we. 

    We are determined to escape the deadening debate about access or excellence which has haunted the arts ever since the formation of the early Arts Council. 

    The arts is an ecosystem, which thrives when we support the excellence that exists and use it to level up. 

    Like the RSC’s s “First Encounters” programme. Or the incredible Shakespeare North Playhouse in Knowsley where young people are first meeting with spoken word.

    When I watched young people from Knowsley growing in confidence, and dexterity, reimagining Shakespeare for this age and so, so at home in this amazing space it reminded me of my childhood.

    Because in so many ways I grew up in the theatre. My dad was on the board of the National, and as a child my sister and I would travel to London on the weekends we had with our dad to see some of the greatest actors and directors on earth – Helen Mirren, Alan Rickman, Tom Baker, Trevor Nunn and Sam Mendes. We saw Chekhov, Arthur Miller and Brecht reimagined by the National, the Donmar and the Royal Court.

    It was never, in our house, a zero-sum game. The thriving London scene was what inspired my parents and others to set up what was then the Corner House in Manchester, which is now known as HOME. 

    It inspired my sister to go on to work at the Royal Exchange in Manchester where she and I spent some of the happiest years of our lives watching tragedy and farce, comedy and social protest. 

    Because of this I love all of it – the sound, smell and feel of a theatre. I love how it makes me think differently about the world. And most of all I love the gift that our parents gave us, that we always believed these are places and spaces for us.

    I want every child in the country to have that feeling. Because Britain’s excellence in film, literature, theatre, TV, art, collections and exhibitions is a gift, it is part of our civic inheritance, that belongs to us all and as its custodians it is up to us to hand it down through the generations. 

    Not to remain static, but to create a living breathing bridge between the present, the past and the future.

    My dad, an English literature professor, once told me that the most common mistakes students make – including me – he meant me actually – was to have your eye on the question, not on the text. 

    So, with some considerable backchat in hand, I had a second go at an essay on Hamlet – why did Hamlet delay? – and came to the firm conclusion that he didn’t. That this is the wrong question. I say this not to start a debate on Hamlet, especially in this crowd, but to ask us to consider this:

    If the question is – how do we preserve and protect our arts institutions? Then access against excellence could perhaps make sense. I understand the argument, that to disperse excellence is somehow to diffuse it. 

    But If the question is – how to give a fractured nation back its self confidence? Then this choice becomes a nonsense. So it is time to turn the exam question on its head and reject this false choice. 

    Every person in this country matters. But while talent is everywhere, opportunity is not. This cannot continue. That is why our vision is not access or excellence but access to excellence. We will accept nothing less. This country needs nothing less. And thanks to organisations like the RSC we know it can be achieved.

    I was reflecting while I wrote this speech how at every moment of great upheaval it has been the arts that have helped us to understand the world, and shape the future. 

    From fashion, which as Eric Hobsbawm once remarked, was so much better at anticipating the shape of things to come than historians or politicians, to the angry young men and women in the 1950s and 60s – that gave us plays like Look Back in Anger – to the quiet northern working class rebellion of films like Saturday Night Sunday Morning, This Sporting Life and Loneliness of the Long Distance Runner. 

    Without the idea that excellence belongs to us all – this could never have happened. What was once considered working class, ethnic minority or regional – worse, in Jennie Lee’s time, it was called “the provinces” which she banned – thank God. These have become a central part of our national story.

    ….

    I think the arts is a political space. But the idea that politicians should impose a version of culture on the nation is utterly chilling.

    When we took office I said that the era of culture wars were over. It was taken to mean, in some circles, that I could order somehow magically from Whitehall that they would end. 

    But I meant something else. I meant an end to the “mind forged manacles” that William Blake raged against and the “mind without fear” that Rabindranath Tagore dreamt of.

    [political content removed]

    Would this include the rich cultural heritage from the American South that the Beatles drew inspiration from, in a city that has been shaped by its role in welcoming visitors and immigrants from across the world? Would it accommodate Northern Soul, which my town in Wigan led the world in?  

    We believe the proper role of government is not to impose culture, but to enable artists to hold a mirror up to society and to us. To help us understand the world we’re in and shape and define the nation. 

    Who know that is the value that you alone can bring. 

    I recently watched an astonishing performance of The Merchant of Venice, set in the East End of London in the 1930s. In it, Shylock has been transformed from villain to  victim at the hands of the Merchant, who has echoes of Oswald Mosely. I don’t want to spoil it – not least because my mum is watching it at the Lowry next week and would not forgive me- but it ends with a powerful depiction of the battle of Cable Street. 

    Nobody could see that production and fail to understand the parallels with the modern day. No political speech I have heard in recent times has had the power, that power to challenge, interpret and provoke that sort of response. To remind us of the obligations we owe to one another.

    Other art forms can have – and have had – a similar impact. Just look at the ITV drama Mr Bates vs The Post Office. It told a story with far more emotional punch than any number of political speeches or newspaper columns. 

    You could say the same of the harrowing paintings by the Scottish artist Peter Howson. His depiction of rape when he was the official war artist during the Bosnian War seared itself into people’s understanding of that conflict. It reminds me of the first time I saw a Caravaggio painting. The insistence that it becomes part of your narrative is one you never ever forget.

    That is why Jennie Lee believed her role was a permissive one. She repeated this mantra many times telling reporters that she wanted simply to make living room for artists to work in. The greatest art, she said, comes from the torment of the human spirit – adding – and you can’t legislate for that. 

    I think if she were alive today she would look at the farce that is the moral puritanism which is killing off our arts and culture – for the regions and the artistic talent all over the country where the reach of funding and donors is not long enough – the protests against any or every sponsor of the arts, I believe, would have made her both angered and ashamed.  

    In every social protest  – and I have taken part in plenty – you have to ask, who is your target? The idea that boycotting the sponsor of the Hay Festival harms the sponsor, not the festival is for the birds. 

    And I have spent enough time at Hay, Glastonbury and elsewhere to know that these are the spaces – the only spaces – where precisely the moral voice and protest comes from. Boycotting sponsors, and killing these events off,  is the equivalent of gagging society. This self defeating virtue signalling is a feature of our times and we will stand against it with everything that we’ve got.

    Because I think we are the only [political context removed] force, right now, that believes that it is not for the government to dictate what should be heard.

    But there is one area where we will never be neutral and that is on who should be heard.

    Too much of our rich inheritance, heritage and culture is not seen. And when it is not, not only is the whole nation poorer but the country suffers. 

    It is our firm belief that at the heart of Britain’s current malaise is the fact that too many people have been written off and written out of our national story. And, to borrow a line from my favourite George Eliot novel, Middlemarch, it means we cannot hear that ‘roar that lies on the other side of silence’.  What we need – to completely misquote George Elliot – is a keen vision and feeling of all ordinary human life.’ We’ve got to be able to hear it.

    And this is personal for me.

    I still remember how groundbreaking it was to watch Bend it Like Beckham – the first time I had seen a family like ours depicted on screen not for being Asian (or in my case mixed race) but because of a young girl’s love of football. 

    And I was reminded of this year’s later when Maxine Peake starred in Queens of the Coal Age, her play about the women of the miners’ strike, which she put on at the Royal Exchange in Manchester. 

    The trains were not running – as usual – but on one of my council estates the women who had lived and breathed this chapter of our history clubbed together, hired a coach and went off to see it. It was magical to see the reaction when they saw a story that had been so many times about their lives, finally with them in it.

    We are determined that this entire nation must see themselves at the centre of their own and our national story. That’s a challenge for our broadcasters and our film-makers. 

    Show us the full panoply of the world we live in, including the many communities far distant from the commissioning room which is still far too often based in London. 

    But it’s also a challenge for every branch of the arts, including the theatre, dance, music, painting and sculpture. Let’s show working-class communities too in the work that we do – and not just featuring in murder and gangland series. 

    Part of how we discover that new national story is by breathing fresh life into local heritage and reviving culture in places where it is disappearing.

    Which is why we’re freeing up almost £5 million worth of funding for community organisations – groups who know their own area and what it needs far better than Whitehall. Groups determined to bring derelict and neglected old buildings back into good use. These are buildings that stand at the centre of our communities. They are visible symbols of pride, purpose and their contribution and their neglect provokes a strong emotional response to toxicity, decline and decay. We’re determined to put those communities back in charge of their own destiny again. 

    And another important part of the construction is the review of the arts council, led by Baroness Margaret Hodge, who is with us today. When Jennie Lee set up regional arts associations the arts council welcomed their creation as good for the promotion of regional cultures and in the hope they would “create a rod for the arts council’s back”. 

    They responded to local clamour, not culture imposed from London. Working with communities so they could tell their own story. That is my vision. And it’s the vision behind the Arts Everywhere Fund that we announced this morning.

    The Arts Council Review will be critical to fulfilling that vision and today we’re setting out two important parts of that work – publishing both the Terms of Reference and the members of the Advisory Group who will be working with Baroness Hodge, many of whom have made the effort to join us here today.

    We have found the Jennie Lee’s of our age, who will deliver a review that is shaped around communities and local areas, and will make sure that arts are for everyone, wherever they live and whatever their background. With excellence and access.

    But we need more from you. We need you to step up.

    Across the sporting world from Boxing to Rugby League clubs, they’re throwing their doors open to communities, especially young people, to help grip the challenges facing a nation. Opening up opportunities. Building new audiences. Creating the champions of the future. Lots done, but much more still to do.

    Every child and adult should also have the opportunity to access live theatre, dance and music – to believe that these spaces belong to them and are for them. We need you to throw open your doors. So many of you already deliver this against the odds. But the community spaces needed – whether community centres, theatres, libraries are too often closed to those who need them most. 

    Too often we fall short of reflecting the full and varied history of the communities which support us. That’s why we have targeted the funding today to bring hope flickering back to life in community-led culture and arts – supported by us, your government, but driven by you and your communities.

    It’s one of the reasons we are tackling the secondary ticket market, which has priced too many fans out of live music gigs. It’s also why we are pushing for a voluntary levy on arena tickets to fund a sustainable grassroots music sector, including smaller music venues. 

    But I also want new audiences to pour in through the doors – and I want theatres across the country to flourish as much as theatres in the West End. 

    I also want everyone to be able to see some of our outstanding art, from Lowry and Constable to Anthony Gormley and Tracey Emin. 

    Too much of the nation’s art is sitting in basements not out in the country where it belongs. I want all of our national and civic galleries to find new ways of getting that art out into communities.

    There are other challenges. There is too much fighting others to retain a grip on small pots of funding and too little asking “what do we owe to one another” and what can I do. Jennie Lee encouraged writers and actors into schools and poets into pubs. 

    She set up subsidies so people, like the women from my council estate in Wigan, could travel to see great art and theatre. She persuaded Henry Moore to go and speak to children in a school in Castleford, in Yorkshire who were astonished when he turned up not with a lecture, but with lumps of clay. 

    There are people who are doing this now. The brilliant fashion designer Paul Smith told me about a recent visit to his old primary school in Nottingham where he went armed with the material to design a new school tie with the kids. These are the most fashionable kids on the block.

    I know it’s been a tough decade. Funding for the arts has been slashed. Buildings are crumbling. And the pandemic hit the arts and heritage world hard. 

    And I really believe that the Government has a role to play in helping free you up to do what you do best – enriching people’s lives and bringing communities together – so with targeted support like the new £85m Creative Foundations Fund that we’re launching today with the Arts Council we hope that we’ll be able to help you with what you do best.

    SOLT’s own research showed that, without support, 4 in 10 theatres they surveyed were at risk of closing or being too unsafe to use in five years’ time. So today we are answering that call. This fund is going to help theatres, galleries, and arts centres restore buildings in dire need of repairs. 

    And on top of that support, we’re also getting behind our critical local, civic museums – places which are often cultural anchors in their village, town or city. They’re facing acute financial pressures and they need our backing. So our new Museum Renewal Fund will invest £20 million in these local assets – preserving them and ensuring they remain part of local identities, to keep benefitting local people of all ages. In my town of Wigan we have the fantastic Museum of Wigan Life and it tells the story of the contribution that the ordinary, extraordinary people in Wigan made to our country, powering us through the last century through dangerous, difficult, dirty work in the coal mines.  That story, that understanding of the contribution that Wigan made, I consider to be a part of the birthright and inheritance of my little boy growing up in that town today and we want every child growing up in a community to understand the history and heritage and contribution that their parents and grandparents made to this country and a belief that that future stretches ahead of them as well. Not to reopen the coal mines, but to make a contribution to this country and to see themselves reflected in our story.  

    But for us to succeed we need more from you. This is not a moment for despair. This is our moment to ensure the arts remain central to the life of this nation for decades to come and in turn that this nation flourishes. 

    If we get this right we can unlock funding that will allow the arts to flourish in every part of Britain, especially those that have been neglected for far too long, by creating good jobs and growth, and giving children everywhere the chance to get them. 

    Our vision is not just to grow the economy, but to make sure it benefits people in our communities. So often where i’ve seen investments in the last decade and good jobs created, I go down the road to a local school and I see children who can see those jobs from the school playground, but could no more dream of getting to the moon than they could of getting those jobs. And we are determined that that’s going to change. 

    This is what we’ve been doing with our creative education programmes (like the Museums and Schools Programme, the Heritage Schools Programme, Art & Design National Saturday Clubs and the BFI Film Academy.) These are programmes we are proud to support and ones I’m personally proud that my Department will be funding these programmes next year.

    Be in no doubt, we are determined to back the creative industries in a way no other government has done. I’m delighted that we have committed to the audiovisual, video games, theatre, orchestra and museums and galleries tax reliefs, as well as introducing the new independent film and VFX tax reliefs as well.

    You won’t hear any speeches from us denigrating the creative industries or lectures about ballerinas being forced to retrain.

    Yes, these are proper jobs. And yes, artists should be properly remunerated for their work. 

    We know these industries are vital to our economic growth. They employ 1 in 14 people in the UK and are worth more than £125 billion a year to our economy.  We want them to grow. That is why they are a central plank of our industrial strategy.

    But I want to be equally clear that these industries only thrive if they are part of a great artistic ecosystem. Matilda, War Horse and Les Miserables are commercial successes, but they sprang from the public investment in theatre. 

    James Graham has written outstanding screenplays for television including Sherwood, but his first major play was the outstanding This House at the National and his other National Theatre play Dear England is now set to be a TV series. 

    You don’t get a successful commercial film sector without a successful subsidised theatre sector. Or a successful video games sector without artists, designers, creative techies, musicians and voiceover artists.  

    So it’s the whole ecosystem that we have to strengthen and enhance. It’s all connected.

    The woman in whose name we’ve launched this lecture series would have relished that challenge. She used to say she had the best job in government

     “All the others deal with people’s sorrows… but I have been called the Minister of the Future.”

    That is why I relish this challenge and why working with those of you who will rise to meet this moment will be the privilege of my life.

    I wanted to leave with you with a moment that has stayed with me.

    A few weeks ago I was with Andy Burnham, the Mayor of Greater Manchester, who has become a great friend. We were in his old constituency of Leigh, a town that borders Wigan. And we were talking about the flashes, which in our towns used to be open cast coalmines. 

    They were regenerated by the last Labour government and they’ve now become these incredible spaces, with wildlife and green spaces with incredible lakes that are well used by local children. 

    We had a lot to talk about and a lot to do. But as we looked out at the transformed landscape wondering how in one generation we had gone from scars on the landscape to this, he said, the lesson I’ve taken from this is that nature recovers more quickly than people. 

    While this government, through our Plan for Change, has made it our mission to support a growing economy, so we can have a safe, healthy nation where people have opportunities not currently on offer – the recovery of our nation cannot be all bread and no roses. Our shared future depends critically on every one of us in this room rising to this moment. 

    To give voice to the nation we are, and can be. 

    To let hope and history rhyme.

    So let no one say it falls to anyone else. It falls to us.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Security: Career Offender Sentenced to 10 Years in Federal Prison for Distributing Methamphetamine

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    PROVIDENCE – A 49-year-old former Rhode Island man whom court records reflect is a career offender who has spent nearly half of his life incarcerated, has been sentenced to a further ten years in federal prison for trafficking multiple kilos of methamphetamine into Rhode Island, announced United States Attorney Zachary A. Cunha.

    Carl Sharp, 49, of Peoria, Arizona, who formerly resided in Rhode Island, was sentenced today by U.S. District Court Chief Judge John J. McConnell, Jr., to 120 months of incarceration to be followed by five years of federal supervised release. Sharp pleaded guilty on October 15, 2024, to a charge of distribution of 50 grams or more of methamphetamine.

    Court records reflect that Sharp was previously convicted and incarcerated on unrelated charges involving, among other things: drug trafficking, domestic violence, and assault. Sharp also previously faced a murder charge, but was acquitted of that charge after a key witness in the case died.

    According to court documents and information provided to the court in the current federal case, during an investigation into drugs being shipped through the U.S. Mail to Rhode Island from Western states, the United States Postal Inspection Service identified thirteen packages, six of which were mailed by Sharp. Court-authorized searches of three packages, two of which were mailed by Sharp, resulted in the seizure of a total of 4.44 kilograms of methamphetamine and 249 grams of cocaine.

    One of the packages shipped by Sharp was sent to a Rhode Island residence that he had used previously for his drug trafficking activities, and another parcel was mailed to the residence of an unsuspecting 85-year-old woman who lived alone. After opening the package and finding nearly two kilos of meth wrapped in clothing inside the package, a man knocked on her back door looking for the package.  The woman told the man that she did not have the package, and he left. She then brought the package to the post office.

    A financial investigation into Sharp’s assets determined that between January 2022 and May 2024, he deposited over $320,000 in unexplained cash into his personal bank account.

    The case was prosecuted by Assistant United States Attorney Sandra R. Hebert.

    The matter was investigated by the United States Postal Inspection Service, with the assistance of the FBI.

    ###

    MIL Security OSI

  • MIL-OSI USA: Peters Urges Republicans Against Making Cuts to Medicaid to Pay for Tax Breaks for Ultra-Wealthy

    US Senate News:

    Source: United States Senator for Michigan Gary Peters

    WASHINGTON, DC – U.S. Senator Gary Peters (MI) joined 46 of his colleagues in urging Republican leadership not to make cuts to Medicaid in order to pay for tax breaks for the ultra-wealthy. In a letter to Senate Majority Leader John Thune (R-SD) and House Speaker Mike Johnson (R-LA), Peters and his colleagues underscored how cuts to Medicaid would have severe consequences for children, seniors, people with disabilities, and working families in Michigan and across the country. The letter emphasized that the proposed cuts would threaten the health and financial security of millions of families by forcing Americans to either struggle to afford or go without health care, mental health services, and other essential care. The letter also highlights that cuts to Medicaid would have lasting repercussions on state budgets, health care providers, and rural communities where children and non-elderly adults are more likely to be covered by Medicaid.

    “Medicaid is a lifeline for communities across the country. Nearly 80 million Americans get their health insurance through Medicaid and the Children’s Health Insurance Program, which provide services Americans rely on to remain healthy, go to school, and thrive at work,” Peters and his colleagues wrote. “Republicans are proposing cuts to the Medicaid program from hundreds of billions to multiple trillions of dollars. Cuts to Medicaid through drastically changing the program’s financing structure or imposing additional barriers to coverage are dangerous to the millions of people who rely on the program. These proposals will also force states to make difficult decisions that will result in millions getting kicked off their coverage and providers struggling to keep their practices open.”

    The letter continued, “The American people should be assured that Medicaid will be protected. We urge you to reject proposals that use Medicaid as a piggy bank for partisan priorities and continue to defend the importance of this vital program.”

    Nearly 3.1 million Michiganders rely on Medicaid and the Children’s Health Insurance Program. Medicaid covers nearly half of all births in the U.S., provides health insurance coverage to nearly half of all American children, and provides care to 3 in 5 nursing home residents as well as 17 million women of reproductive age. Proposals from House Republicans to slash Medicaid would hit working families the hardest and shift a greater financial burden to states, taxpayers, and already-strained local hospitals and clinics. In more rural areas, it would likely lead to the closure of health facilities, leaving vulnerable communities with fewer options for care and decimating the health care workforce. 

    To read the full text of the letter, click here.

    MIL OSI USA News

  • MIL-OSI USA: Welch on Republicans’ Plans to Slash Medicaid to Pay for Their Tax Bill: “It is an absolute disgrace that there is any discussion that we would be taking that away. Shame on Trump.”

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    Welch slams Trump for taking a “sledgehammer” to Vermonters’ health care 
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, spoke on the Senate Floor Wednesday evening and slammed President Trump and Republicans’ cruel budget which would slash Medicaid and increase health care costs for millions of seniors, children, veterans, people with disabilities, and people with chronic diseases like cancer in order to give tax handouts to the ultra-wealthy.  
    “It’s really, really a problem everywhere, but I think in rural communities it’s even more severe. Because we’ve got rural hospitals, and we’ve got rural community health centers, that play a major role in rural life. They’re all on thin ice financially. They have overworked staff, but who are committed to the people in that community. And the only reimbursement they get is through Medicaid. And, as we all know, the Medicaid reimbursement is much lower than Medicare and it’s certainly way lower than private insurance. But they pull it together and somehow keep the lights on, keep the doors open, and provide the health care that the folks in that community need…. 
    “I want to save money, but I want to save money by stopping the rip-offs. I don’t want to save money by dumping people who make $21,000 a year off of the health care that they absolutely need. And that’s what Musk is doing. That’s what Trump is doing. That is wrong, and we have to stop it. We have to stand up for the hardworking people of West Virginia. The hardworking people of New Hampshire. The hardworking people of Wisconsin. And the hardworking people of Vermont. So, no—we have got to say ‘No’ and acknowledge the rip off that Donald Trump is trying to inflict on hardworking people in our states so that he can pay for the tax cuts for his billionaire friends,” said Senator Welch. 
    Watch Senator Welch’s speech below: 
    Key quotes from Senator Welch’s speech: 
    “But a lot of folks making $20,782—there’s no no way they can afford health care. There’s no way. And that’s another absolute requirement: that each of us level with one another. Let’s not pretend that there’s some fictional health care out there that a person who’s working 40 hours a week making $10.39 an hour can pay for health care. It doesn’t exist.  
    “And the major responsibility that we have is to make certain that we have a health care system where people who work hard, who love their kids, who have an elderly parent, can have some security that the health care they need, they’ll get…. 
    “[President Trump is] taking a sledgehammer to it. And he’s taking a sledgehammer that’s cutting off folks in West Virginia, folks in Vermont, who are working hard, who struggle every week to pay their bills, and who could get some peace of mind that the child that they love, that the grandparent that they’re caring for, can have decency and access to health care or a nursing home. 
    “It is an absolute disgrace that there is any discussion—that there’s any discussion—that we would be taking that away. Shame on Trump. Shame. On. Trump.”  
    ■■■
    On Wednesday, Senator Welch joined Senate Finance Committee Democrats for a press conference on Capitol Hill to highlight how drastic cuts to Medicaid and the Affordable Care Act (ACA) included in Republicans’ Trump-endorsed budget blueprint would kick tens of millions of people off of their health coverage and increase costs for the more than 100 million people across the country who rely on these programs.   

    MIL OSI USA News

  • MIL-OSI Global: German election: a triple crisis looms large at the heart of the economy

    Source: The Conversation – UK – By Ralph Luetticke, Professor of Economics, School of Business and Economics, University of Tübingen

    Oleg Senkov/Shutterstock

    Ahead of the election on February 23, many German voters are deeply concerned about the economy – and for good reason. The German economy is in a recession and has been shrinking for two consecutive years. In fact, it is now about the same size as it was in 2019, even as some of its peers among the world’s advanced economies have experienced solid growth (on the left of the chart below).

    This matters for voters, who have experienced stagnating real incomes and remain pessimistic – expecting real incomes to decline further.

    GDP and productivity growth of Germany, UK and US:

    There could be several reasons for Germany’s economic malaise. First, fiscal policy in Germany is tighter than in other countries, meaning higher taxes and lower public spending. Due to the “debt brake” enshrined in its constitution, Germany is severely restricted in running budget deficits, except when the government declares an emergency, as it did due to COVID.

    The last coalition government collapsed over a dispute about whether to declare another emergency over the war in Ukraine in order to increase borrowing capacity. This did not happen, and as a result Germany’s fiscal deficit has remained relatively moderate. The argument goes that a larger deficit might have boosted economic growth.

    Second, for decades, Germany has relied on foreign demand to sustain economic growth at home. During the first two decades of the 21st century, it benefited greatly from China’s integration into the world economy.

    To build up its productive capacity, China relied heavily on machinery produced in Germany and it purchased a significant number of German cars. However, this is no longer the case. As China has moved to the technology frontier, it no longer depends as much on German cars or machinery.

    However, both factors only go so far in accounting for the stagnating German economy. For if demand – domestic or foreign – is too weak to sustain growth, this should be reflected in falling prices.

    Yet prices have been rising strongly. Inflation in Germany has been running high over the last couple of years.

    And it has not been systematically lower than in, say, the US or the rest of the euro area. Over the next 12 months, households expect inflation to be above 3% – well above the European Central Bank’s 2% target.

    Another relevant indicator also suggests that lack of demand is unlikely to be the main reason for Germany’s stagnation. Unemployment is low in Germany, lower than in most European countries and hardly higher than in 2019.

    Instead, adverse supply conditions are key, as reflected in households’ expectations of falling incomes and higher inflation.

    Overall, supply is simply the combination of labour and capital inputs (for example, the size of the workforce and the machinery or premises available to them) along with productivity or technology, which tells us how much output we get from the labour and capital inputs. Germany is facing a triple crisis in this regard – expensive energy, weak labour supply and low productivity growth.

    First, there are energy prices, which have been pushed up everywhere by the Russian invasion of Ukraine. However, the effect has been particularly strong in Germany due to its direct dependency on Russian gas.

    The outgoing government, in which the Greens have been a key player, is widely credited with trying to accelerate Germany’s green transition. This raised the costs of the transition above those caused by the European Emissions Trading System, whereby polluters pay for their emissions.

    While it is difficult to determine the exact contributions of the war and the green transition to the rise in energy prices, both clearly act as a drag on growth, particularly on the supply side (that is to say, production potential).

    The productivity problem

    But Germany faces more fundamental supply-side challenges. The second issue becomes apparent when comparing GDP per hour worked (a measure of a country’s productivity, as seen on the right of the chart above).

    Here, the trends in Germany and the UK are quite similar, implying that Germany’s lower economic growth relative to the UK is primarily due to people working fewer hours. This, in turn, may reflect demographic changes, migration that does not contribute to the labour force or shifting preferences in the wake of COVID.

    The third issue is productivity growth. Consider the increase in GDP per hour worked in the US, which has risen by more than 10% as shown in the chart above, dwarfing the developments in both Germany and the UK. Common causes of weak productivity growth include ageing infrastructure, low private sector investment, a lack of start-ups and fewer new companies growing into multinational leaders.

    A turnaround requires far-reaching improvements in supply conditions. In terms of energy, Germany should avoid measures such as introducing more regulation on the heating or insulation of new and existing homes, and instead rely on the EU-wide emissions trading scheme to curb emissions.

    In the labour market, increased participation or skilled migration is needed, supported by policies that encourage people to retire later and entice more women into the workforce.

    Increasing defence spending could be a way to boost German productivity.
    Ryan Nash Photography/Shutterstock

    Productivity growth remains the most challenging issue. A good start would be increased funding for universities and reduced regulation, particularly for AI technology.

    Deepening the EU’s single market, for example by removing restrictions on cross-border energy trade to allow firms to access cheaper electricity, would enhance competition and drive productivity growth. This way, companies could expand and create well-paying jobs.

    Finally, an additional boost may come from higher defence spending, not only to address the much-needed improvement of Germany’s external security but also because it has been shown to increase productivity.

    While immigration may be a major talking point for the German electorate in the coming vote, the economy – as ever – will be an important factor in measuring the mood of the country.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. German election: a triple crisis looms large at the heart of the economy – https://theconversation.com/german-election-a-triple-crisis-looms-large-at-the-heart-of-the-economy-250320

    MIL OSI – Global Reports

  • MIL-OSI USA: Cornyn Votes to Confirm Kelly Loeffler for SBA Administrator

    US Senate News:

    Source: United States Senator for Texas John Cornyn

    WASHINGTON – U.S. Senator John Cornyn (R-TX) released the following statement after former U.S. Senator Kelly Loeffler (R-GA) was confirmed as Administrator of the U.S. Small Business Administration (SBA):

    “Kelly Loeffler’s business experience and time in public service make her eminently qualified to lead the SBA and help enact President Trump’s agenda to boost small businesses, which are the backbone of our economy. I was pleased to support my former colleague’s nomination and look forward to working with her in her new role.”

    MIL OSI USA News

  • MIL-OSI: C&F Financial Corporation Announces Increase in Quarterly Dividend

    Source: GlobeNewswire (MIL-OSI)

    TOANO, Va., Feb. 20, 2025 (GLOBE NEWSWIRE) — The board of directors of C&F Financial Corporation (NASDAQ:CFFI) (the Corporation) has declared a regular cash dividend of 46 cents per share, which is payable April 1, 2025 to shareholders of record on March 14, 2025. This dividend represents a 5 percent increase over the prior quarter’s dividend amount of 44 cents per share.

    The Board of Directors of the Corporation continually reviews the amount of cash dividends per share and the resulting dividend payout ratio in light of changes in economic conditions, current and future capital requirements, and expected future earnings.  

    About C&F

    C&F Bank operates 31 banking offices and four commercial loan offices located throughout eastern and central Virginia and offers full wealth management services through its subsidiary C&F Wealth Management, Inc. C&F Mortgage Corporation and its subsidiary C&F Select LLC provide mortgage loan origination services through offices located in Virginia and the surrounding states. C&F Finance Company is a regional finance company purchasing automobile, marine and recreational vehicle loans primarily in the Mid-Atlantic, Midwest and Southern United States from its headquarters in Henrico, Virginia.

    Additional information regarding the Corporation’s products and services, as well as access to its filings with the Securities and Exchange Commission, are available on the Corporation’s website at http://www.cffc.com.

    Contact:     Jason Long
    Chief Financial Officer and Secretary
    (804) 843-2360
         

    The MIL Network

  • MIL-OSI USA: Budd, Tillis, Warner, Kaine Urge Swift Distribution of Funding for Public Lands for Helene Recovery

    US Senate News:

    Source: United States Senator Ted Budd (R-North Carolina)

    Washington, D.C. — Today, Senators Ted Budd (R-NC), Mark Warner (D-VA), Thom Tillis (R-NC), and Tim Kaine (D-VA) sent a letter to Secretary of Agriculture Brooke Rollins and Secretary of the Interior Doug Burgum, urging these departments to quickly allocate funding appropriated by Congress for public lands that were ravaged by Hurricane Helene. 

    Read the text of the letter:

    We write today regarding our states’ recovery from Hurricane Helene and the supplemental funding made available to the U.S. Department of Agriculture (USDA) and Department of the Interior (DOI) by the American Relief Act of 2025 (H.R.10545). We urge you to expeditiously allocate this funding to our public lands in North Carolina and Virginia that were ravaged by this deadly storm.

    Hurricane Helene devastated communities across North Carolina, Virginia, and large swaths of the Southeast. Historic flooding and high winds resulted in over a hundred deaths, damaged and destroyed thousands of homes and businesses, and decimated critical regional infrastructure in our states. Additionally, the storm caused unprecedented damage to public lands in western North Carolina and Southwest Virginia that are essential drivers of economic activity for many communities.

    Public lands managed by USDA and DOI are crucial economic engines for communities throughout western North Carolina and Southwest Virginia. For example, the National Park Service’s (NPS) most visited unit, the Blue Ridge Parkway, which spans 469 miles across the Blue Ridge Mountains in North Carolina and Virginia, supports the economies of dozens of communities in our states. In 2023, 16.7 million visitors spent nearly $1.4 billion in communities surrounding the Parkway, which supported over 19,000 jobs. Helene decimated the Blue Ridge Parkway resulting in indefinite closures along large portions of the roadway and damage to many trails, historical sites, and recreational areas. The recovery effort for the Parkway will be one of the most significant and expensive infrastructure projects in the park’s history, and its success will be essential for the dozens of gateway communities that rely on the Parkway.

    In addition to National Park Service managed property, many of our communities in Southwest Virginia and western North Carolina contain U.S. Forest Service lands that were decimated by Hurricane Helene. This includes the George Washington and Jefferson National Forests in Virginia, the Cherokee National Forest in Tennessee and North Carolina, and the Nantahala and Pisgah National Forests in western North Carolina. These lands attract millions of visitors each year who contribute millions more in visitor spending that sustains countless small businesses and gateway communities.

    Perhaps no Forest Service asset in the country suffered more damage from Hurricane Helene than the Virginia Creeper Trail, a 34-mile recreational trail that is co-managed by the Forest Service and the towns of Damascus and Abingdon in Southwest Virginia. The storm obliterated 18 miles of the Creeper Trail from Damascus to Whitetop, Virginia, destroying 18 trestles and washing away extended segments of the trail itself. The Creeper Trail is the most significant driver of economic activity in Damascus and one of the most significant tourism destinations in the entire region. The trail attracts more than 200,000 visitors annually, supporting local bike shops, restaurants, and lodging. In all, the Creeper Trail contributes nearly $13 million annually in tourism spending to the region’s economy. A prolonged closure of the trail could have devastating consequences for Damascus and the entire region. It is critical that USDA and the Forest Service move quickly to allocate appropriated funding to rebuild the Creeper Trail to ensure Damascus and other localities that depend on the trail can fully recover from Helene.

    We were pleased the American Relief Act of 2025 (H.R.10545) included robust funding to address natural disaster-related damage to public lands across the U.S., including $6.4 billion for the U.S. Forest Service and $2.3 billion for the National Park Service. This funding is intended to support the rebuilding of iconic public attractions in our states, including the Blue Ridge Parkway, Appalachian Trail, and Virginia Creeper Trail. It will also support a broad range of other reconstruction and rehabilitation efforts on our public lands to ensure they can continue to safely provide recreational opportunities to our constituents and millions of additional visitors who help sustain these Appalachian communities. As our states continue to rebuild from Hurricane Helene, it is critical that this supplemental funding is deployed to our public lands swiftly to ensure a timely rebuild of these assets that our communities depend on.

    Thank you for your attention to this matter. We look forward to working with you to support the recovery efforts in our states. Please do not hesitate to reach out if we can provide additional information or assistance.

    MIL OSI USA News

  • MIL-OSI Canada: Justice Administration Amendments Advanced

    Source: Government of Canada regional news

    Amendments to legislation introduced today, February 20, will make targeted changes to help clarify processes for those representing others while in a position of trust, update legislation and make amendments to the Provincial Court Act.

    “Our laws need to keep pace with the needs of Nova Scotians,” said Attorney General and Justice Minister Becky Druhan. “Today’s amendments will bring important legislation up to date and add additional safeguards for adults who need assistance in making important decisions.”

    The Justice Administration Amendment Act addresses four pieces of legislation, which include:

    • Following a first phase of amendments in 2022, the Powers of Attorney Act will be further modernized to better clarify roles and responsibilities. Changes include allowing remote witnessing of documents, compensation for those acting as a power of attorney and flexibility to delegate authority to a financial specialist.

    • The Adult Capacity and Decision-Making Act will be amended to improve the application process for personal representatives including allowing courts to waive the current bond requirement for representatives, aligning the times for notice of application and increasing safeguards by requiring the public trustee to be added as a party to proceedings.

    • The Interpretation Act will allow for legislation to be automatically repealed if it has not been proclaimed within ten or more years.

    • The Provincial Court Act will be amended to repeal the Family Court Act to reflect that family law matters are now heard in the unified family court and to clarify the composition of judicial council and the authority of the provincial court chief judge.


    Quick Facts:

    • the Interpretation Act will allow for the House of Assembly to pass a resolution to prevent the repeal of any statute; the governor-in-council will also have the authority to delay the automatic repeal for up to three years
    • the unified family court has been in place for several years; changes to the Provincial Court Act were needed to reflect this structure

    Additional Resources:

    Bills tabled in the legislature are available at: https://nslegislature.ca/legislative-business/bills-statutes/bills/assembly-65-session-1

    MIL OSI Canada News

  • MIL-OSI USA: During Black History Month, Scott Pushes Investment in Underserved Communities

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott
    Senator Scott announced his goal to unleash $1 trillion into communities like the one he grew up in.
    WASHINGTON — As part of Black History Month, U.S. Senator Tim Scott (R-S.C.) is building on his commitment to increase economic opportunity across the United States. In his role as Chairman of the Senate Banking Committee, and as a senior member of the Senate Finance Committee, Scott is pushing solutions with a goal of unleashing up to $1 trillion of investment into underserved communities.
    Scott joined Walter Davis, founding member of Peachtree Providence Partners, as part of his Opportunity Summit series in celebration of Black History Month to discuss his efforts and their shared goal of helping all Americans achieve their version of the American Dream.

    Click here to watch the panel.
    “I think it’s incredibly important for us to figure out how to unlock capital for disadvantaged communities. My goal is to set the kind of parameters that allows for $1 trillion of capital to be set free in disadvantaged communities in the next 10 years… My goal is to make sure that everyone who is struggling…has an opportunity to access more resources. That’s called the American way, or at least it’s supposed to be the American way. And I aim to make sure that, from a banking perspective, we have the flexibility with our regulators, so that small business owners with a good plan – with decent credit – have access to the capital to start hiring people from their own communities. Because when I started my business, it’s exactly what I did. I took an Allstate Insurance Agency and I crafted three other Allstate agencies out of my one Allstate agency, with two of them being African Americans. How do you do that? You just do the right thing. But it starts at home in your community, and if you want to see higher employment numbers in your community, you probably have to start a business and make it happen,” said Senator Scott.
    BACKGROUND: By focusing on affordable housing, quality education, small business growth, financial inclusion, keeping tax rates low for families and expanding Opportunity Zones, as well as leveraging digital assets, Senator Scott is working to pave the way for transformative economic development across the country. 
    Boosting Affordable Housing Senator Scott’s ROAD to Housing Act will facilitate investment in quality and affordable housing, providing the opportunity to create generational wealth for so many historically ignored communities. The ROAD to Housing Act will change outdated caps on private investment in public housing, open the door to small-dollar mortgages, and help boost the supply of manufactured housing.
    Small Business Growth Small business owners – particularly Black and other minority-owned businesses – face significant challenges accessing capital, including through our capital markets system. Senator Scott’s Empowering Main Street in America Act will fuel economic growth by giving local entrepreneurs – not elites in New York or Silicon Valley – the power to direct capital to historically overlooked communities.
    Increasing Financial Inclusion Senator Scott has consistently prioritized increasing financial inclusion and incentivizing growth in local communities and historically overlooked neighborhoods. Senator Scott will continue to push efforts to streamline and modernize the rules governing financial institutions, prioritizing changes that support access to capital and investment in underserved communities across the country.
    Protecting Taxpayer Dollars Senator Scott’s Opportunity Zones initiative has driven $85 billion to underserved communities, unlocking economic opportunities that had never before been available. With the Tax Cuts and Jobs Act set to expire this year, Senator Scott will work to ensure middle class families and small businesses are not hit with a massive, $4.1 trillion tax hike, and to broaden and extend Opportunity Zones to continue driving economic development in the communities that need it most.
    Leveraging Digital Assets Senator Scott will prioritize establishing a clear, tailored regulatory framework for digital assets through legislation on stablecoins and crypto market structure, aiming to empower families, small businesses, and underserved communities to build wealth and participate more fully in the digital economy. 
    Expanding Quality Education Education is a catalyst to driving long-term economic growth and labor market participation. Americans with a bachelor’s degree face less than half the unemployment rate and earn more than double the income of those who dropout of high school. Unlocking the power of education starts with K-12 education, which is why Senator Scott is helping lead the Education Choice for Children Act (ECCA) to provide up to $10 billion in federal tax credits for charitable contributions to K-12 scholarships for middle- and low-income students, benefitting nearly 2 million students.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Councils to receive exceptional support

    Source: United Kingdom – Executive Government & Departments

    Additional support confirmed for councils in exceptional difficulty to set balanced budgets. Long-term reform underway to fix foundations of local government.

    Councils in exceptional need of help will today receive letters confirming government support to help balance their budgets. 

    30 councils in exceptional circumstances have been confirmed to receive support for the coming financial year to ensure delivery of vital public services, protecting vital community assets and promoting economic stability as committed to in the Plan for Change.  

    As part of this support package, for the first time additional expectations have been set out to protect treasured community assets, culture and identity, with councils using capitalisation instructed not to dispose of community and heritage assets.  

    Recognising the financial hardships facing the sector, earlier in the month, the government announced more than £69 billion for local government, a 6.8% cash terms increase in councils’ Core Spending Power on 2024-25 in the Final Local Government Finance Settlement. This included a new targeted £600 million Recovery Grant to help councils with greater need and demand for services.  

    Minister of State for Local Government and English Devolution, Jim McMahon OBE said:    

    We are under no illusion of the state of council finances and have been clear from the outset on our commitment to get councils back on their feet and rebuild the foundation of local government. 

    We are working with local leaders, encouraging councils to come in confidence where needed to seek help and be assured we will offer a relationship of partnership – not punishment – in our joint mission to improve public services for communities and create economic stability as set out in our Plan for Change.” 

    Our long-term commitment is to fix the foundations of local government, including reforming the outdated and inefficient funding model by bringing forward the first multi-year settlements in a decade, creating an updated and fit-for-purpose assessment of need and reforming the local audit system to provide transparency, security and stability to council finances.  

    However, there are councils in financial difficulty in need of immediate help, and a record number of councils have reached out to the government asking for Exceptional Financial Support (EFS) to help them balance their budgets this year.  

    The Exceptional Financial Support process has existed since 2020 to support councils facing unmanageable financial pressures. In line with the previous government’s approach, support is provided through a financial flexibility, known as capitalisation, where the government permits councils to treat revenue costs as capital costs and means councils can meet those costs using their existing borrowing powers or via capital receipts.  

    However, unlike previous years, where local leaders deem it necessary to borrow to support recovery, the government has removed the condition that made borrowing more expensive through a 1% premium. The government will instead work with councils on improvement and actions they can take to help manage their position to ensure value for taxpayer money.  

    To ensure financial stability and better outcomes for residents the government has consulted on how to best streamline the outdated funding model and distribute taxpayer’s money more fairly, based on an updated assessment of need, enabling every council to deliver high quality services to their communities.  

    As part of handing local leaders more power and control of their funding, the government will end outdated processes and bureaucracy of bidding for different funding pots and bring forward the first multi-year settlement in a decade in 2026-27 to provide certainty and economic security to councils setting budgets.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Chancellor backs Britain’s financial services to drive development and kickstart economic growth

    Source: United Kingdom – Executive Government & Departments

    Rachel Reeves urges financial industry leaders to seize growth opportunities in emerging markets, creating new business for British firms and boosting trade links with fast-growing economies, delivering on the government’s Plan for Change.

    • Chancellor launches coalition to improve sustainable sovereign debt financing to developing economies, shoring up London’s position as development finance leader amid growing global uncertainty

    • Reeves aims to boost private capital mobilisation for development ahead of her attendance of the European Bank for Reconstruction and Development’s annual meeting on 13-15 May in London

    In Canary Wharf today (20 February) the Chancellor met with some of the UK’s biggest financial services firms such as Aviva, HSBC and Schroders and urged them to work with development institutions including the European Bank for Reconstruction and Development (EBRD) and British International Investment. To go further and faster in delivering the government’s Plan for Change and put more money in people’s pockets, the Chancellor encouraged firms to seize investment opportunities in emerging markets for Britain’s brightest and best companies.

    Co-hosting a roundtable with Odile Renaud-Basso, president of the EBRD, the Chancellor launched the “London Coalition on Sustainable Sovereign Debt”. This will be co-chaired by the Economic Secretary to the Treasury, Emma Reynolds.

    The Coalition will bring together government and private sector stakeholders to find innovative solutions to more sustainable sovereign debt financing in developing economies.

    Promoting orderly and transparent debt restructuring and more resilient borrowing will mean that emerging economies can make progress meeting their climate and development targets. The Coalition capitalises on London’s financial services expertise and will help cement its position as a global leader in development finance, in turn supporting economic activity and financing investment across the country. Investing in emerging markets themselves can boost UK growth by creating new opportunities for British businesses in areas such as financial services, and boost trade ties with fast-growing economies amid an increasingly uncertain global environment.

    Chancellor of the Exchequer, Rachel Reeves said:

    Business and government must work together to seize opportunities in emerging markets and kickstart economic growth as part of our Plan for Change.

    Today’s roundtable shows how the UK’s world-leading financial centre can help countries unlock new opportunities for our brightest and best British companies to create wealth and drive growth.

    President of the European Bank for Reconstruction and Development Odile Renaud-Basso said:

    Mobilising private capital is key to meeting global development needs. I’m delighted to co-host UK business leaders with the Chancellor to discuss how multilateral banks like the EBRD can help channel further financing to emerging markets. By joining forces, we aim to deliver the much-needed impact for developing countries while creating new opportunities for businesses from developed economies.

    The Chancellor and Renaud-Basso also signed a Memorandum of Understanding setting out cooperation on the EBRD annual meeting and business forum in London, which will be held from 13 to 15 May this year.

    The Chancellor will attend the bank’s first annual meeting in London since 2016 where it will see governors approve the bank’s next 5-year strategy and highlight opportunities for UK businesses to work with the EBRD in its key markets such as Ukraine, Poland and Turkey.

    Reeves and Renaud-Basso discussed with business leaders how to create the right environment for investment. This is being done at home, for example through reforms to the pensions system which could unlock around £80 billion in productive investment and the launch of the Transition Finance Council led by Lord Alok Sharma. It is also key to work overseas, where British International Investment and UK-backed programmes including MOBILIST and the Private Infrastructure Development Group have unlocked billions in private investment for climate and development around the world. A new Institutional Investor Taskforce will advise government and institutional investors on how they can work together to open up even more of this much-needed investment and establish London as the world’s leading climate and development finance hub.

    Reeves outlined the UK’s growth priorities, both at home and abroad, and highlighted the financing tools and instruments to help achieve this such as the National Wealth Fund, which is expected to mobilise over £70 billion in private investment into the high-growth industries of the future. Reeves also underscored the importance of multilateral development banks in helping to mobilise private capital, through working together more effectively as a system and with the private sector.

    As the largest institutional investor in Ukraine, the EBRD has also been working with the UK government to support Ukraine’s resilience and recovery. In December, the UK confirmed its participation in a EUR 4bn capital increase which will unlock billions each year to support critical sectors of Ukraine’s economy. The EBRD and Aon also launched an innovative $110m war insurance facility with UK support in the same month to rebuild the country’s insurance market.

    Elsewhere, the EBRD invests in 36 economies across three continents including in Central, Eastern and Southern Europe, Central Asia and North Africa. This year it will also begin operations in sub-Saharan Africa.

    The roundtable comes ahead of the Chancellor’s visit to Cape Town, South Africa, next week to attend the G20 Finance Ministers and Central Bank Governors meeting. She will be advocating for the UK’s Growth Mission on the global stage and championing how private capital and the role of the City will kickstart economic growth and raise living standards around the world.


    Baroness Shriti Vadera, Chair of Prudential PLC and Co-Chair of the World Bank Private Sector Investment Lab, said:

    It is critical for governments, international financial institutions, and the private sector to work together to mobilise, at scale and pace, greater levels of finance for climate and development where it is most needed – in emerging and developing markets. I particularly welcome the focus today on practical steps to develop and deploy risk-sharing and blended financial instruments.

    Dame Elizabeth Corley, Chair of Schroders PLC, said:

    I firmly believe asset managers play a key role in crowding in private capital and unlocking it at scale in emerging markets. Schroders, with its impact pioneer BlueOrchard, is eager to share our expertise in blended finance and impact investing to overcome barriers to private sector investment, redressing some of the world’s biggest challenges like climate change and inequality.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Canada: New Mental Health Group Home for Youth Opens in Regina

    Source: Government of Canada regional news

    Released on February 20, 2025

    The Government of Saskatchewan is providing $800,000 in annual funding to partner with Eagle Heart Centre in a new, five-space mental health group home for youth. Joe and Irene’s Youth Home, which officially opened today in Regina, provides youth ages 12 to 18 with short-term residential care that includes 24-hour mental health and addictions support. 

    “This funding to Eagle Heart Centre will provide youth in Regina and surrounding communities with the help they need in a safe and stable environment close to home,” Social Services Minister Terry Jenson said. “Staying connected to their communities while receiving care will also help youth transition back to their families or into alternative care arrangements.”

    This mental health group home is part of a larger $2.4 million commitment in the 2023-24 Provincial Budget. The ministries of Social Services and Health each committed $1.2 million to develop three mental health group homes to serve youth struggling with mental health and addictions issues. Each ministry is providing $400,000 in annual operating funding to Eagle Heart Centre. 

    “Supporting Joe and Irene’s Youth Home is part of our effort to ensure that we meet the mental health needs of youth,” Mental Health and Addictions Minister Lori Carr said. “I appreciate the great work that Eagle Heart is doing to help our young people feel cared for, supported, and equipped to face a better future.”

    The Saskatchewan Health Authority works in partnership with the Ministry of Social Services to refer youth with chronic mental health or addiction issues to Eagle Heart Centre. Eagle Heart Centre provides culturally relevant services and trauma-informed care for vulnerable youth and families in Saskatchewan. The community-based organization specializes in providing programming and services that support and empower families, children and youth to attain a healthy lifestyle.

    “Our new home has been named in honour of my Métis parents,” Eagle Heart Centre Founder and Executive Director Delora Parisian said. “Despite facing racism, poverty and personal hardships, my parents raised us with the values of hard work, financial independence and the encouragement to follow our dreams. Joe and Irene’s Youth Home has been built for roots to grow strong and bold, where dreams unfold.” 

    The Eagle Heart Centre mental health group home for youth is the second of the three planned homes to open, with the EGADZ Garden of Hope in Saskatoon as the first to open in December 2023. The third home is currently in development.

    For more information about Eagle Heart Centre and its programs, visit: www.ehcregina.ca.                                                                               

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI Security: 29 Plead Guilty to Conspiracy to Commit Wire Fraud in $5M COVID Fraud Investigation

    Source: Office of United States Attorneys

    COLUMBIA, S.C. —Twenty-Nine out of 31 indicted defendants have pleaded guilty in a five-year investigation into a scheme to fraudulently obtain COVID-19 unemployment benefits led by SCDC inmates along with family members and friends outside the prison system.

    Evidence presented in court revealed that incarcerated inmates harvested personal information, such as social security numbers and dates of birth, from other inmates and used the information to apply for COVID unemployment benefits in the names of those inmates as well as themselves. Some inmates provided their details willingly to the named defendants in exchange for a portion of the proceeds derived from the unemployment benefits. Other inmates had no knowledge that unemployment benefits were being applied for on their behalf. The incarcerated defendants also obtained the information of unwitting individuals outside of the Department of Corrections using various extortion schemes.

    One of the primary schemes utilized by the defendants was known as “Johning.” Using contraband cellphones within the Department of Corrections, inmates posed as younger males or females and lured individuals to send them nude or compromising photos. After obtaining the photos, the inmates used a second line feature on their contraband cell phones and contacted the victim posing as law enforcement. The inmates then extorted the victims into sending them money and/or photos of their social security cards and driver’s license.

    After the defendants applied for unemployment benefits in the names of the extortion victims and Department of Corrections inmates, the benefits were diverted to the incarcerated defendants with the assistances of the non-incarcerated defendants. The non-incarcerated defendants received government checks and prepaid Visa debit cards in the mail. The non-incarcerated defendants then utilized ATM withdrawals, wire transfers, and mobile banking applications such as Zelle, Venmo, Green Dot, and Cash App to make the proceeds available to the incarcerated defendants.

    The indictment alleges the named defendants submitted COVID-19 unemployment applications in multiple states. Fraudulent benefit applications were filed in South Carolina, Pennsylvania, North Carolina, Nevada, New Jersey, Missouri, Arizona, and California. In total, the fraudulent scheme resulted in a loss of approximately $4,996,673.00 to the United States Government. 

    “This extensive fraud scheme exploited and misused individuals’ personal information, some unknowingly, for financial gain at the expense of American taxpayers,” said Acting U.S. Attorney Brook B. Andrews for the District of South Carolina. “The individuals involved showed a complete disregard for the law and used deception, manipulation, and extortion to unlawfully obtain nearly $5 million in unemployment benefits. Our agencies remain committed to holding those responsible accountable and ensuring that such fraudulent schemes do not undermine public trust in vital government programs.”

    “Inmates using this brazen scheme stole millions of dollars from an effort to help everyday Americans survive the COVID-19 pandemic,” SCDC Director Bryan Stirling said. “It is shameful, and the taxpayers deserve better. I am grateful to everyone involved in bringing these defendants to justice.”

    Each defendant faces a maximum penalty of 20 years in federal prison, a fine of up to $250,000, restitution, and three years of supervision to follow the term of imprisonment.  United States District Sherri A. Lydon has accepted 29 guilty pleas and handed down sentences for 14 of the defendants thus far. The remaining defendants will be sentenced after the court receives and reviews a sentencing report prepared by the U.S. Probation Office. One defendant, Jessica Ann Howell, passed away and another defendant, Christine Hankins, remains at large as a fugitive.

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the Department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    This case was investigated by the United States Secret Service, the South Carolina Department of Corrections, and the South Carolina Law Enforcement Division. Assistant U.S. Attorneys Winston Holliday and Scott Matthews are prosecuting the case.

    ###

    MIL Security OSI

  • MIL-OSI: Net Asset Value(s) as at 31 January 2025

    Source: GlobeNewswire (MIL-OSI)

    Volta Finance Limited (VTA / VTAS)
    January 2025 monthly report

    NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES

    Guernsey, February 20th, 2025

    AXA IM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for January 2025. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).

    Performance and Portfolio Activity

    Dear Investors,

    Volta Finance started 2025 on a positive note as net performance reached +1.7% in January while Financial Half Year net performance for Volta settled at 11.4%. Both our investments in CLO Debt and CLO Equity performed positively over the course of the month, benefiting from positive market conditions for risky assets.

    In broader economic news, the Federal Reserve decided to keep interest rates unchanged for the first time since it started cutting rates last September. This has led markets to expect that the easing cycle might resume in 2026. In Europe, the eurozone economy showed no growth despite anticipations of a +0.1pp expansion, and Christine Lagarde announced a 25 basis points cut in key European Central Bank interest rates. Although largely backed by the data divergence with the US, it is interesting to note the striking difference in terms of monetary path between the US and the European Union as we anticipate further cuts in Europe.

    Credit markets tightened significantly this month, although we noted heightened volatility in line with broader macro headlines around mid-month. In Europe, High Yield indices were roughly 20bps tighter while US CDX High-Yield tightened by 11bps. On the Loan side, Euro Loans prices increased by about 40cts up to 98.41% (Morningstar European Leveraged Loan Index), while US Loans rose by 28cts to 97.61%.

    The primary CLO markets started strong this year, especially in Europe with New Issue volumes up 120% vs. Jan 24 (down 21% in the US vs. Jan 24). In terms of performance, CLO markets performed in line with US High Yield at +1.4% over the month and better than Global Loans +0.9%. In line with all major rating agencies that expect Loan default rates to go down in 2025 we remain constructive on the CLO asset class and the performance of the underlying loan portfolios this year.

    CLO Equity distributions remained healthy in January, although as expressed earlier, the spread compression in the Loan market has slightly lowered these distributions. Over the last 6 month period, the cashflow generation was c. €27m equivalent of interests and coupons, representing c.19% of January’s NAV on an annualized basis, compared to c. €30m equivalent of interest and coupons received 6 months ago. Refinancing or Resetting CLO liabilities will continue to be a key focus for us in 2025.

    Regarding our portfolio activities, we took profits on a US Mezzanine position as the market was risk-on (c. USD 7mm nominal) while another USD 3mm of US CLO mezzanine debt redeemed at face value.

    Over the month, Volta’s CLO Equity tranches returned a 3% performance** while CLO Debt tranches returned +1.6% performance**, cash representing c.9.0% of NAV. The fund being c.21% exposed to USD, the recent currency moves had a negative impact of -0.1% on the overall performance.

    As of end of January 2025, Volta’s NAV was €279.0m, i.e. €7.63 per share.

    *It should be noted that approximately 0.16% of Volta’s GAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The most recently available fund NAV or quoted price was 0.05% as at 31 December 2024, 0.11% as at 30 September 2024.

    ** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.

    CONTACTS

    For the Investment Manager
    AXA Investment Managers Paris
    François Touati
    francois.touati@axa-im.com
    +33 (0) 1 44 45 80 22

    Olivier Pons
    Olivier.pons@axa-im.com
    +33 (0) 1 44 45 87 30

    Company Secretary and Administrator
    BNP Paribas S.A, Guernsey Branch
    guernsey.bp2s.volta.cosec@bnpparibas.com 
    +44 (0) 1481 750 853

    Corporate Broker
    Cavendish Securities plc
    Andrew Worne
    Daniel Balabanoff
    +44 (0) 20 7397 8900

    *****
    ABOUT VOLTA FINANCE LIMITED

    Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

    Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialised in structured credit, for the investment management of all its assets.

    *****

    ABOUT AXA INVESTMENT MANAGERS
    AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,700 professionals and €844 billion in assets under management as of the end of December 2023.  

    *****

    This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

    This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

    *****

    This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.

    *****
    This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements.

    Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

    The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

    The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

    Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide – 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés Financiers under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive.

    *****

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: Four payment schemes open to help with the cost of living: Apply

    Source: City of Portsmouth

    Four financial support schemes are currently open for Portsmouth residents on low income to apply for – but hurry as some close soon.

    Portsmouth City Council is offering:

    • A child voucher scheme (closes 28 February) – for 0-19s or someone at least 20 weeks pregnant who is part of a household that earns below £1,800 a month.
    • The final round of the Exceptional Hardship scheme (closes 14 March) – one-off payments for adults in extreme financial hardship (check the website for full eligibility)
    • Energy Payment Scheme for 16-24s and carers (closes 17 March) – those on low-income and receiving qualifying benefits (check the website for full eligibility)

    These schemes are funded by the UK Government’s Household Support fund, and you can find the eligibility criteria for all these and apply at https://www.portsmouth.gov.uk/hsf

    We are still also offering our council-funded:

    • Portsmouth Older Persons Energy Payment open until 7 March

    This is a one-off payment this year for some pensioners on low income who did not receive the Government’s Winter Fuel Payment. Find the full criteria and apply here.

    Pension Credit support events

    On the same webpage you’ll find information about Pension Credit, how pensioners can find out if they might be eligible and missing out on money. We’re hosting a series of Pension Credit information sessions taking place across the city people can come along to, with dates and locations on the webpage.

    Leader Cllr Steve Pitt said:

    “We want these hardship support payments to reach far and wide and as many Portsmouth residents as possible. So please do let friends, family, and those you work with know about the support that is currently available, or apply yourself if you’re eligible.

    “Our cost of living staff are always available to help anyone with advice about these schemes or the wider support that’s available to them.”

    Cost of living support for all

    • Call our cost of living telephone number 023 9284 1047 for help with these schemes, or if you have general concerns about money and want some professional advice. It’s open 9am-5pm Monday to Thursday, 9am – 4.30pm on Friday, or alternatively visit our cost of living online hub.

    MIL OSI United Kingdom