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Category: Economy

  • MIL-Evening Report: A year of devastation: with hope and trust shattered, what can bring an end to the violence in Israel-Palestine?

    Source: The Conversation (Au and NZ) – By Eyal Mayroz, Senior Lecturer in Peace and Conflict Studies, University of Sydney

    On October 7 2023, Hamas launched a savage attack on southern Israel, massacring around 1,200 people, mostly civilians, and abducting another 240 people. The following day, I wrote in an analysis for The Conversation:

    For many Palestinians, this weekend’s events offered Israelis a small taste of what their own lives have been like under decades of occupation. However, the early celebrations will likely soon turn into anger and frustration as the numbers of Palestinian civilian casualties will continue to rise. Violence begets violence.

    As the Israeli retaliation had only just begun, no one could have imagined how devastating it would end up being for the people of Gaza. There are now well over 40,000 Palestinians dead, mostly civilians, and countless wounded. Nearly 2 million people have been displaced within the coastal strip.

    The ferociousness of the Israel Defence Forces’ aerial bombings – and its subsequent ground invasion of Gaza – triggered intense global pressure to stop the violence. This was coupled with a worldwide campaign to end Israel’s decades-long illegal occupation of Palestinian territories.

    This popular movement was able to place its agenda at the forefront of the international media’s attention and sustain it there for many months.

    A year later, however, concern for the people of Gaza – and for the dozens of Israeli hostages still locked up in Hamas’ tunnels – has begun to wane. The world’s focus is shifting to the fast-expanding misery along the Israel–Lebanon border, and to a possible full-scale war between Israel and Iran.

    As the fighting in Gaza grinds on with no end in sight, the prospects for resolving the most intractable conflict in the world between Israeli-Jews and Palestinians seem ever dimmer. But is it so?

    One conflict, two peoples and many onlookers

    In a century-long struggle between two societies over the same small parcel of land, the cycle of violence has barely stopped.

    The challenges today remain frustratingly robust – entrenched territorial claims, grave errors by leaders on both sides and many missed opportunities. Years of polarising narratives have also bred mistrust, competing accounts of victimisation, debilitating fears and animosity — to the point of mutual dehumanisation.

    On the Israeli-Jewish side, there’s a strong sense of an existential security threat, compounded by the inter-generational trauma of the Holocaust and ongoing fears of terrorist attacks. This sharply contrasts with Palestinians’ experiences of decades of dispossession, humiliation, continuous rights violations and feelings of abandonment by the world.

    To further undermine a solution to the conflict, religious and radical nationalist influences – on both sides – have turned an already complex, asymmetric conflict into an unyielding impasse.

    Over the years, international failures to help resolve the conflict drove many states to recalibrate their foreign policies away from constructive engagement. Arguably, this was to avoid harmful impacts to their reputations over future failures, or accusations of bias, from one or both sides.

    Fear, victimhood and tit-for-tat revenge

    The 1948 Nakba, or “catastrophe”, followed by decades of oppressive Israeli occupation, have inflicted immeasurable suffering on Palestinians. In turn, this occupation has also inflicted significant and often unappreciated damage to Israel’s social fabric, cohesion, economy, international standing, security and moral stature.

    Hamas’ brutal massacres and Israel’s vicious retaliations have only exacerbated these effects, for both sides. And they are now threatening to extinguish what tiny hope may have existed before October 2023 for a path towards a liveable future for both people.

    Should the tit-for-tat cycle of violence continue, the blowback will hurt not only Israel’s efforts to attain safety and security for its citizens, but the prospects for a political future for the Palestinians, as well.

    Arguably, existential fear may be the most underappreciated and damaging element behind the conflict’s intractability.

    Outside observers tend to view security concerns rationally, and as a national concern, based on the threat to the state or to the people as a whole.

    But in the Israel-Palestine conflict, people react to such fears emotionally, focusing first on their own safety. And the fear is ever-present – a rocket exploding in my house, or my child being shot at by a sniper on the way to school.

    These worries and experiences have been etched in the minds of generations of Palestinians and Israelis. We need to appreciate this fact to make sense of how both sides have dehumanised one another and excluded the “other” from their spheres of moral concern, particularly following the October 7 attack and in the weeks and months after.

    The late Israeli Prime Minister Yitzhak Rabin, assassinated in 1995 by a Jewish extremist for engaging in peace efforts, once said you don’t make peace with friends, but with enemies.

    However, absent a minimum sense of safety and trust – if not in the other side, than at least in the mediators and future outside guarantors – the security arrangements required to sustain a peace agreement would be difficult, if not impossible, for both sides to agree on.



    Read more:
    10 books to help you understand Israel and Palestine, recommended by experts

    Entrenched views and dangerous simplifications

    As the war in Gaza has not yet ended, a detailed assessment of the successes and failures of the campaign for a Palestinian state is still ahead of us.

    During the fighting, misinformation and disinformation have been rife. With both sides waging a propaganda war, the manipulation of facts ratcheted up divisions and increased polarisation between “pro-Israel” and “pro-Palestine” groups across the globe.

    Selectively embracing information that could validate one’s own position and omitting or rejecting everything else have become the norm.

    Once we choose a side, we can go to great lengths to defend its actions. Our conditioned responses challenge or cast doubt on any claim or information put forth by the other side. And the more emotionally invested we become, the harder it is for us to empathise with the suffering of the “other”.

    Simplistic misconceptions, for example, that an aggressor cannot also be a victim or vice versa, have added fuel to the fire and to the conflict’s polarisation. This has had negative consequences for empathy, reconciliation, trust and peace-building.

    We could debate without end who has suffered more. But how useful would that be, at this stage, for the prospects of a future peace?

    Despite the strong emphasis in the global debate on the “pro-Palestinian” versus “pro-Israeli” dichotomy, an important reality is that meeting the basic needs of one side could never be achieved without addressing those of the other.

    These needs for peace, safety, security and dignity are mutual. As such, they should be promoted in the public debate over the incompatible needs ramped up by minorities in the two camps.

    Rather than taking sides, efforts should focus on reconciling both parties’ objectives: a ceasefire in Gaza, an end to the unjust occupation, self-determination for Palestinians, and safety and security for Israelis.

    As the future welfare of one side is inextricably linked to the security needs of the other, zero-sum solutions won’t achieve anything. Rather, they will only fan the suspicions, animosities and victimhood grievances on both sides, and lead to more violence.



    Read more:
    Why is the Gaza war tearing us apart?

    It’s the world’s turn

    Most Palestinians and Israelis have lost what little desire or capacity they had prior to October 7 for trusting or empathising with the misery of the other. The anger, fear and suffering today are too overwhelming.

    In the short term, meaningful solutions must come from the outside.

    In addition to a critically needed change of leadership on both sides, it is time for more sincere collaborative efforts by key states in the international community.

    It is time to replace years of empty condemnations with more meaningful and sustained commitments.

    It is time to help both societies, through carrots but also strong sticks, to free themselves from the chokeholds of illusory, all-or-nothing radical ideologies that have brought so much suffering and devastation to all.

    It is time for a better future for both Palestinian and Israeli children, even at the price of painful concessions. And concessions will have to be made on both sides for the promise of a lasting peace.

    To pressure governments to do more, protests should continue, but their voices should call for peace for all and against harming innocents on all sides, regardless of who they are.

    Peace, or at this stage an end to violence, has to come first – even if this would slow down (not prevent!) accountability and justice for all victims.

    Hate comes easily in the face of injustices. It is hard to empathise with the misfortunes of “others” who may or may not have brought their miseries upon themselves. But selective denunciation of crimes perpetrated by the other side, based on one’s support or rejection of a cause, is not only morally flawed, but counterproductive.

    Those who have been severely aggrieved by this human tragedy may struggle to apply the same yardstick to others, certainly in the near future. But the rest of us can, and should, do better.

    Eyal Mayroz 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. A year of devastation: with hope and trust shattered, what can bring an end to the violence in Israel-Palestine? – https://theconversation.com/a-year-of-devastation-with-hope-and-trust-shattered-what-can-bring-an-end-to-the-violence-in-israel-palestine-239204

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Australia has an extraordinary 13 million spare bedrooms. Here’s how to use at least some of them to ease the housing crisis

    Source: The Conversation (Au and NZ) – By Lyndall Bryant, Lecturer in Property Economics, Queensland University of Technology

    While there’s little relief in sight for Australia’s housing crisis, with new projects years away from completion, there appear to be as many as 13 million unused spare bedrooms across the country.

    In a new briefing paper for the QUT Centre for Justice I suggest that, at least in the interim, these spare rooms ought to be part of the solution.

    Here’s where you find them. The census says about 3.2 million Australian homes have one spare bedroom, another 3 million have two spare rooms and 1.2 million have three spare bedrooms or more.

    They are more common in the homes of older than younger Australians.

    A survey by the Australian Housing and Urban Research Institute found that more than three-quarters of homeowners aged 74 and older had spare rooms compared to less than two-thirds of homeowners aged 55 and younger.

    These older owners are often “asset rich and income poor”. Most rely at least in part on the age pension and could do with the income that would come from renting out a room, so long as it didn’t cut into their pension or present them with a capital gains tax bill when their home is eventually sold.

    My work suggests these fears are largely unfounded, even though it’s hard to convince many older Australians of that.

    Rent needn’t mean income tax

    The Tax Office has long provided for “domestic arrangements” and other arrangements where board and lodging provided at non-commercial rates is not considered assessable income for taxation purposes.

    The downside is that expenses are not tax deductible.

    These arrangements are said to occur when all residents including the owner bear an appropriate proportion of the costs actually incurred on food, electricity, heating and other costs of running the home.

    “Homestay” for international students is an example. Homestay hosts can receive about $350 per week for providing a fully furnished room, main meals and utilities in an arrangement the Tax Office has ruled need not be taxable.

    Rent needn’t cut off the pension

    All pensioners are currently eligible for the work bonus scheme that allows additional earnings of up to $504 a fortnight for singles and $660 per fortnight for couples without loss of any pension.

    It ought to be easy enough to apply the scheme to rent as well as income from work, as it arguably already does given that renting out spare bedrooms is a form of self-employment and hence “work”.

    As important would be making pensioners aware of any changes or clarifications to the rules in a way that normalised “taking in boarders”.

    Rent needn’t mean capital gains tax

    Anecdotal evidence suggests homeowners fear that renting out a spare bedroom will make their home liable for the capital gains tax that applies to rented properties when they are eventually sold.

    While this may be true in some situations, it is somewhat of an urban myth, and the amounts of tax involved can be small.

    According to the Tax Office

    • capital gains tax only applies to properties bought after September 20 1985

    • any gain is taxed only at the marginal rate in the year the property is sold

    • only half of each gain is taxed

    • gains can be offset against capital losses

    • only the net gain is taxed after costs.

    And capital gains tax only applies for the portion of the home that is rented out, and for the portion of time it is rented out.

    In my paper I explain how an apparent capital gain of $100,000 is taxed less where a room is only let for one year in five and is one of three bedrooms in the home, cutting the taxable capital gain to just $3,333.

    If the very concept of the calculation remains a barrier, it might be possible to offer homeowners who let out rooms a short-term “capital gains tax holiday” for the next three to five years while new housing stock is being built.

    Rules for safety and boarder matching essential

    Another barrier is concern about safety, both personal and financial for older homeowners. Surprisingly, there are few rules governing boarding, with tenancy legislation saying little, forcing homeowners and tenants to rely on common law.

    Australians letting out rooms need legislated protections from elder abuse and spurious claims of cohabitation and other rights.

    Tenant matching and management systems could make the process simpler.

    Imagine being able to walk into your local real estate agency and list your spare room to rent. If the agency offered boarder management services you could outline your preferences and ask it to put forward a list of candidates to interview.

    Good matches would provide benefits for both older Australians and younger companions. Boarder management could become a new business model for real estate agents as well as non-profits.

    Please note: This article does not provide tax or financial advice. It is general in nature and should not be relied on for taxation or financial purposes.

    Lyndall Bryant 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. Australia has an extraordinary 13 million spare bedrooms. Here’s how to use at least some of them to ease the housing crisis – https://theconversation.com/australia-has-an-extraordinary-13-million-spare-bedrooms-heres-how-to-use-at-least-some-of-them-to-ease-the-housing-crisis-239490

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Australia is hosting the world’s first ‘nature positive’ summit. What is it, and why does it matter?

    Source: The Conversation (Au and NZ) – By Andrew Lowe, Director, Environment Institute, University of Adelaide

    MPIX, Shutterstock

    This week, Australia hosts the inaugural Global Nature Positive Summit in Sydney. It comes at a crucial time: biodiversity loss and ecosystem collapse is one of the biggest risks the world faces in the next decade.

    The event, which begins tomorrow, brings together leaders from government, business, academia, environment groups and Indigenous Peoples. Together, they will seek ways to drive investment in nature and improve its protection and repair.

    More than half the world’s economy directly depends on nature. Biodiversity loss threatens global financial stability, putting at least US$44 trillion (A$64 trillion) of economic value at risk.

    Industries such as agriculture, fishing, forestry, tourism, water and resources rely heavily on nature. But ultimately, all of humanity depends on the natural world – for clean air, water, food, and a liveable climate.

    In Australia significant investment is needed to reverse the decline in our natural environment. It will require action from governments, landholders and the private sector.

    That’s why this week’s summit is so important. Nature conservation and restoration is expensive and often difficult. The task is beyond the capacity of governments alone.

    What’s going on at the summit?

    According to the World Economic Forum, “nature positive” is an economic worldview that goes beyond limiting environmental damage and aims to actually improve ecosystems.

    Under the Kunming-Montreal Global Biodiversity Framework, to which almost 200 countries have signed up, at least 30% of land and waters must be protected or restored by 2030. The summit is exploring ways to realise this global commitment, which is also known as the 30×30 target.

    The federal and New South Wales governments are co-hosting the event.

    Federal Environment Minister Tanya Plibersek will address the summit on day one, outlining her government’s Nature Positive Plan. It commits to the 30×30 target as well as “zero new extinctions”. Achieving these commitments involves environmental law reform, setting up a Nature Repair Market and establishing a national Environment Protection Agency.

    Delegates are expected to demonstrate their commitment and progress towards the 30×30 goal. They will then turn to the main point of the summit: building consensus on the economic settings needed to increase private investment in nature.

    Finance models and corporate partnerships are on the agenda, along with how to make this work, including how to measure, monitor and report on progress and manage risk.

    Sessions will focus on specific sectors of the environment such as agriculture and farming, cities, oceans and forests. On Thursday, delegates will visit nature sites around Sydney.

    Creating a market to incentivise biodiversity investment | 7.30.

    Investing in a market for nature repair

    Substantial co-investment from the private sector, including landholders, will be required to repair and protect nature at the scale required.

    Market-based approaches can drive private investment in natural resources. But most existing environmental markets focus on water and carbon. A more holistic approach, including nature repair, is needed.

    Australia’s Nature Positive Plan includes building a nature repair market. This world-first measure is a legislated, national, voluntary biodiversity market in which individuals and organisations undertake nature repair projects to generate a tradeable certificate. The certificate can be sold to generate income. Demand for certificates is expected to grow over time.

    But the role the government will take remains unclear. For example, will the government both regulate market prices and decide what, in a scientific sense, amounts to repairing nature?

    On day two, the summit explores how nature markets can unlock new sources of finance. We can expect this discussion to include ways carbon and biodiversity markets can work together: so-called “carbon-plus” outcomes.

    For example, when landholders conserve vegetation, the plants can both draw carbon dioxide from the atmosphere and provide habitat for animals, preventing biodiversity loss. Markets could be designed so landholders are rewarded for achieving these dual results.

    Significant economic returns

    Under optimistic estimates, the global nature-positive transition will unlock business opportunities worth an estimated US$10 trillion (almost A$15 trillion) a year and create 395 million jobs by 2030.

    The potential benefits for Australia are also substantial. They include benefits to nature such as restoring habitat for wildlife, while storing carbon. It can also provide returns for agriculture, by improving land value, yield and quality.

    A strong nature-positive stance from Australia will also help safeguard our access to global markets. For example, the European Union has already established trade barriers to imports that damage forests. This could have serious consequences for the Australian beef industry.

    So the potential benefits have to be weighed against the risks of not doing anything. The summit is a chance to get a wide range of people on board, working towards a shared vision of a more positive future.

    It’s time for a nature-positive mindset

    The Albanese Labor government came to power promising to overhaul Australia’s national environment laws, following a scathing independent review.

    When the summit was conceived, the government may have envisaged having cause for celebration by now. But some proposed reforms stalled in the Senate.

    Nonetheless, the Nature Repair Market, a significant government win, is taking shape.

    This week’s summit offers Australia an opportunity to show the world we have embraced the nature-positive mindset. There really is no time to waste.

    Australia, the sixth most biodiverse country in the world, has listed 2,224 species and ecological communities as threatened with extinction. These losses are predicted to escalate if we continue business as usual and allow continued decline of ecosystems.

    Despite having pledged to end deforestation by 2030, Australia is the only deforestation hotspot among developed nations. Land clearing continues apace in northern Australia, often without being assessed under national environmental laws.

    We desperately need to reverse the decline in nature, once and for all.

    Andrew Lowe receives funding from a range of national and international funding sources including the Australian Research Council, Australian Centre for International Agricultural Research, The International Tropical Timber Organization.

    This article was crafted following conversations with the Advisory Committee of the Nature Positive Economy CRC bid, including Daisy Mallett – Lawyer / International Abitrator; Ian Overton – Principal, Natural Economy Consulting; Professor Hugh Possingham – University of Queensland; Nicki Hutley – Climate Council; Cheryl Hayman – Beston Global Food Company; Robert Waterworth – FLINTPro; Kate Andrews – NRM Regions Australia; Tim King – Melior Investment Management; Peter Boyd – Rozetta Institute; David Shelmerdine – ClimateWorks; Wendy Mackay – Pollination Group; Tim Jarvis – Fauna & Flora International; Jody Gunn – Australian Land Conservation Alliance; Joshua Bishop – University of Sydney; Phil Duncan – University of Canberra; Dr Paul Dalby – Rozetta Project Director.

    – ref. Australia is hosting the world’s first ‘nature positive’ summit. What is it, and why does it matter? – https://theconversation.com/australia-is-hosting-the-worlds-first-nature-positive-summit-what-is-it-and-why-does-it-matter-236236

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Global: Why heart patients have trouble sticking to a healthy diet, and 3 things that help them eat better

    Source: The Conversation – Canada – By Gabriela Ghisi, Affiliate Scientist, KITE Research Institute, Adjunct Professor, Department of Physical Therapy, University of Toronto

    Following nutritional recommendations is vital for managing cardiovascular disease, but it’s not always easy, especially for those with limited resources. (Shutterstock)

    Cardiovascular disease remains a leading cause of death worldwide, and managing it effectively requires more than just medical intervention: what you eat plays a crucial role in your heart’s health.

    For cardiac patients, following nutritional recommendations isn’t just a suggestion; it’s a lifeline. A heart-healthy diet can help control risk factors like high blood pressure, cholesterol levels and obesity, all of which are key contributors to heart disease.

    For cardiac patients, following nutritional recommendations isn’t just a suggestion; it’s a lifeline.
    (Shutterstock)

    A healthy diet will help you prevent new heart problems, which is called secondary prevention, and it will help improve functional capacity and quality of life, giving you more independence for daily activities. But for many patients, adhering to these dietary guidelines can be a significant challenge even while they are in a cardiac rehabilitation program. This is especially challenging for those who live in low-resourced settings (areas or communities with few resources and little support for health and wellness).



    Read more:
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    Cardiac rehab is an interdisciplinary approach focused on interventions for secondary prevention and improving cardiovascular prognosis, to reduce the global impact of cardiovascular disease. We recently conducted a study aimed at understanding the barriers and facilitators that low-resourced patients face when trying to follow nutritional recommendations in cardiac rehab.

    The findings underscore how critical, yet complex, it is for patients to maintain a heart-healthy diet. The results of this study are not just informative — they are a call to action for health-care providers, policymakers and communities alike.

    The cost of healthy eating

    Many heart-healthy foods — like fresh fruits, vegetables, and lean proteins — can be expensive, especially for individuals or families living on a tight budget.
    (Shutterstock)

    One of the primary barriers we identified is the cost of healthy foods. Many heart-healthy foods — like fresh fruits, vegetables, and lean proteins — can be expensive, especially for individuals or families living on a tight budget. In low-income areas, access to these foods is often limited, with more affordable but less healthy options readily available.



    Read more:
    Why are grocery bills so high? A new study looks at the science behind food price reporting

    This economic reality makes it difficult for patients to consistently choose foods that support their heart health. In the last few years the cost of healthy food in Canada, a high-income setting, has been rising due to high food inflation. Despite that, the current Canada’s Food Guide is less expensive for adults to follow compared to the previous ones.

    Another significant barrier is the complexity of nutritional information. Patients are often bombarded with a wealth of dietary guidelines, which can be confusing and overwhelming. Without proper guidance, including education and individualization, it’s easy for someone to feel lost or discouraged, particularly if they lack basic nutritional knowledge. This can lead to frustration and, ultimately, poor adherence to dietary recommendations.

    Cultural factors also play a role. In many cases, traditional diets may not align with the standard dietary guidelines recommended for heart health. Patients may find it challenging to adapt their eating habits without feeling like they are losing an important part of their cultural identity. This disconnect can make it even harder for patients to stick to a heart-healthy diet.

    Empowering patients to eat better

    Despite these challenges, our study also highlighted several facilitators that can make a significant difference. One of the most effective is community support. Programs that provide affordable access to healthy foods, like food banks or community gardens, can help alleviate some of the financial pressures.

    Additionally, accessible information sources that break down complex nutritional advice into simple, actionable steps can empower patients to make healthier choices.

    Programs that provide affordable access to healthy foods, like food banks or community gardens, can help alleviate some of the financial pressures of healthy eating.
    (Shutterstock)

    Importantly, incorporating culturally relevant foods into dietary plans can make the transition to a heart-healthy diet more manageable and acceptable. When patients see that their traditional foods can be part of their diet, they are more likely to embrace and maintain the recommended changes.

    Our findings emphasize the importance of a tailored approach to nutritional guidance in cardiac rehab, especially for low-resourced patients. It’s not enough to simply tell patients what to eat — health-care providers need to listen and understand the unique challenges patients face and provide practical, sustainable solutions. This means working closely with patients, offering personalized advice that considers their financial situation, providing access to resources and considering cultural preferences.

    Making heart-healthy diets accessible

    The implications of our research extend beyond individual patient care. They highlight the need for systemic changes that make healthy eating more accessible for everyone. This could include policies that subsidize healthy foods, increase the availability of fresh produce in underserved areas or create educational programs that are accessible to all.

    Following nutritional recommendations is vital for managing cardiovascular disease, but it’s not always easy, especially for those with limited resources. Identifying and addressing the specific barriers these patients face can help them make lasting, positive changes to their diet and, ultimately, their heart health.

    This research underscores the need for a more equitable approach to health care, one that ensures all patients have the support they need to live healthier, longer lives.

    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. Why heart patients have trouble sticking to a healthy diet, and 3 things that help them eat better – https://theconversation.com/why-heart-patients-have-trouble-sticking-to-a-healthy-diet-and-3-things-that-help-them-eat-better-239172

    MIL OSI – Global Reports –

  • MIL-OSI Global: Canada has always had a ‘tap on, tap off’ immigration policy aimed primarily at filling jobs

    Source: The Conversation – Canada – By Thomas Klassen, Professor, School of Public Policy and Administration, York University, Canada

    The federal government will soon announce its immigration plan and immigration levels for the next three years. Prime Minister Justin Trudeau’s Liberals have already signalled, however, that the number of immigrants will decline from the levels of the past several years.

    The government has been under fire for its immigration policy and must move carefully with a federal election likely next year. The increase in housing costs is cited by critics as consequence of too many immigrants arriving in Canada over a short period of time.



    Read more:
    What’s behind the dramatic shift in Canadian public opinion about immigration levels?

    Sharp increases and decreases in the number of immigrants are nothing new in Canada’s history. Historically, immigration policy has been “tap on, tap off,” with immigration levels increased when the unemployment rate falls and reduced when unemployment rises. Immigration has always been thinly veiled labour market policy; that is, a way to fill jobs.

    Influx of immigrants

    In 1913, an estimated 400,900 immigrants arrived in Canada, accounting for five per cent of the country’s population. At that time, the government sought farmers to settle the Prairies and allow the western expansion of Canada.

    It took more than a century — until 2021 under Trudeau — before a larger number of immigrants was accepted in a single year; 406,000 were admitted.

    But those who came in 2021 accounted for only one per cent of the nation’s much larger population, rather than five per cent in 1913.

    When the Liberals came to power in late 2015, the national unemployment rate was seven per cent and dropping. By 2019, it was under six per cent, a level not experienced for nearly half a century.

    The economy was humming with low unemployment and inflation, allowing the immigration tap to be turned on. From 2017-19, 300,000 immigrants were accepted each year, but from 2021 to 2023, that increased to a record high of about 430,000 annually.

    In the past decade, employers have benefited from high levels of immigration and voiced few complaints. Businesses know that labour costs are kept low when immigrants flood into the job market.

    International students

    What has made the nation’s immigration policy distinct under Trudeau is that the tap has also been turned on for international students. These students are not immigrants, but rather are allowed to enter Canada and, initially, remain only during the time they are studying.

    In the past several decades Canada, Australia, the United Kingdom and the United States have become extraordinarily attractive for college and university students.

    Middle-class families in China, India, Brazil and other countries are willing to spend what is required to send their children to study abroad.

    Universities and colleges covet international students as a source of income since they pay twice or more what local students pay in tuition.

    The additional income earned by post-secondary institutions from international students has allowed provincial governments to limit tuition fee increases for Canadian students. For example, the Ontario government reduced tuition fees by 10 per cent in 2019 and has kept tuition frozen for local students ever since.

    Permanent citizenship pathways

    When the Liberals came to power, there were about 300,000 international students in Canada. Last year, that number reached one million. Immigration rules were tweaked in the past decade to open paths to permanent citizenship for some international students and their families.

    Some believe the combination of high immigration rates and a large number of international students has created an unsustainable situation as housing costs in many parts of Canada increase significantly over the past several years.



    Read more:
    International students are not to blame for Canada’s housing crisis

    Suddenly, earlier this year, the federal government placed limits on the number of student visas it would issue annually to reduce the flow of students coming from abroad. Provinces and educational institutions were furious, especially by the lack of advance notice and the loss of expected revenues.

    However, rapid swings in immigration policy are a feature of Canada’s history. After welcoming 400,000 immigrants in 1913, only 10 per cent of that number were granted entry five years later.

    Sharp U-turns

    The causes that necessitated the recent sharp U-turn in the number of international student visas — and limiting the pathways to students and their dependants to become immigrants — are instructive.

    The federal government ignored the fact that colleges and universities were not equipped for the massive ramp-up of foreign student enrolment. Some post-secondary institutions, particularly those operated for profit, took advantage of incoming students by providing sub-standard education.

    A closer monitoring of the impact of high numbers of international students would have allowed the federal government to more gradually adjust the visa tap. More consultation between all levels of government would have permitted problems to quickly reach the appropriate decision-makers.

    Moving forward, the federal government would do well to better monitor the impacts of immigration levels. More consultation with other levels of government, employers and stakeholders will result in more gradual adjustments to the number of newcomers who are — and always have been — critical to Canada’s economic and cultural successes.

    Thomas Klassen 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 has always had a ‘tap on, tap off’ immigration policy aimed primarily at filling jobs – https://theconversation.com/canada-has-always-had-a-tap-on-tap-off-immigration-policy-aimed-primarily-at-filling-jobs-239896

    MIL OSI – Global Reports –

  • MIL-OSI New Zealand: Unlocking the potential of ethnic businesses

    Source: New Zealand Government

    This week’s inaugural Ethnic Xchange Symposium will explore the role that ethnic communities and businesses can play in rebuilding New Zealand’s economy, Ethnic Communities Minister Melissa Lee says.

    “One of my top priorities as Minister is unlocking the economic potential of New Zealand’s ethnic businesses,” says Ms Lee.

    “Ethnic communities contributed an estimated $64 billion to New Zealand’s economy in 2021. Ethnic communities are also the fastest-growing population group in New Zealand, tripling in size since 1996, and our country’s migrant employment rate is the highest within the OECD.

    “It’s clear that there’s vibrant potential within our ethnic communities. This symposium focuses on unleashing that potential.”

    The symposium, delivered by the Ministry for Ethnic Communities, brings together Government and business, community, and industry experts to discuss how we can supercharge the economy through boosting trade, investment, and innovation.

    In addition to Ms Lee, ministers speaking at the symposium include Finance Minister Nicola Willis; Regulation Minister David Seymour; and Science, Innovation and Technology Minister Judith Collins KC.

    “Given this Government’s goal of doubling the value of our exports within 10 years, it is fitting that one of the symposium’s core themes is how ethnic businesses may support New Zealand’s trading aspirations, as they bring expertise in navigating overseas markets and international business environments,” says Ms Lee.

    “While their contributions are significant, many ethnic businesses still face challenges such as policy and regulatory barriers, access to finance, and cultural differences. This means they often cannot fully contribute to our economy, although they have the ambition and aspirations to do so.

    “I’m looking forward to the discussions at the symposium as we find solutions to unlock the full potential of ethnic businesses for the benefit of New Zealand.”

    The Ethnic Xchange Symposium is on this Friday, 11 October in Auckland. More information, and tickets, are available at https://ethnicxchange.org.nz/

    MIL OSI New Zealand News –

  • MIL-OSI Translation: Official ceremony held in Bridgetown to mark 48th anniversary of Barbados crime

    THOUSAND OSI Translation. Region: Spanish/Latin America/UN –

    Source: Republic of Cuba

    Official ceremony celebrated in Bridgetown for the 48th anniversary of the Barbados crimeBRIDGETOWN, Barbados – (October 6, 2024). This morning the official ceremony took place in Bridgetown for the 48th anniversary of the mid-flight explosion of Cubana de Aviación aircraft 455, which fell into the territorial waters of Barbados on October 6, 1976 and where 73 people were lost. life because of this terrorist act.  The Monument erected to the victims was also the scene to commemorate the 2nd anniversary of the CARICOM-Cuba Anti-Terrorism Day, as a result of the agreement adopted by the CARICOM countries and Cuba at the Summit held in December 2022. Government figures attended, members of the diplomatic corps accredited to the Island, members of the Cuba Barbados Friendship Association and the Pan-Africanist Movement, representatives of Barbadian social institutions and youth organizations, Cuban residents and members of the Barbados state mission, to pay posthumous tribute to the victims of such a horrendous crime. The Honorable Sandra Husbands, Acting Minister of the Ministry of Foreign Affairs and Foreign Trade of Barbados, began the oratory at this solemn event, remembering the tragedy that occurred almost five decades ago, shortly after the nations that members of CARICOM had initiated diplomatic relations with the Republic of Cuba. Although this terrorist action was designed to create terror in the Caribbean community, it instead strengthened the commitment to establish lasting bilateral and regional relations with Cuba, our brother country. “During these almost 50 years, relations between Cuba and Barbados have witnessed of the good relations that we maintain, which have been consolidated because we defend honor and integrity in an international context full of hardships, obstacles and challenges and only united can we overcome the fear that terrorist acts like this instill, “said the dignitary. She mentioned the multiple examples of Cuba’s solidarity with Barbados, with the CARICOM countries and with the rest of the world and ratified the commitment to continue strengthening the fraternal relations between the CARICOM countries and the Republic of Cuba. Emotional and heartfelt were the words of the Ambassador of Cuba in Barbados, Yanet Stable Cárdenas when she expressed: “Tears came to our eyes every time we listened to the recording of the black box, the only survivor of the explosion and witness to the barbarism in mid-flight. «Stick to the water, Felo, stick to the water! “We put ourselves in the families’ shoes when they were confirmed that unfortunately the plane in which their loved ones were traveling had suffered a terrorist attack, and we felt their pain as our own. The imprint of terror marks us when we imagine the orphanhood that shadowed the days of those children whose father or mother were taken away by terror; when parents, after losing their only daughter in that criminal act, gave up living; when a young man lost his only sister, when a bride was left waiting; when a life that had just germinated in the womb of a woman never saw the light; when many families were left with open arms waiting eternally for the return of their loved ones.” “…the hatred, intolerance and fanaticism that fueled that act continue to run rampant. The children of Palestine and other Middle Eastern countries today suffer the prejudices of terror and darkness. “The threats to the Cuban Revolution and the acts of aggression under the blockade and the inclusion of Cuba on the list of alleged countries sponsoring terrorism remain in force, without valid arguments and without reasons that support such genocidal acts against a people that defends its independence, fights for its dreams of justice for Cuba and for the world.” “The Cuban Institute of Friendship with the Peoples has called the Day for Peace, against the blockade and Terrorism, For a Free Palestine!; For a Cuba without blockade!; For a future of peace and sovereignty! The defense of peace is urgent.” “Today the Memorial erected to the martyrs of the Cubana de Aviación plane is a witness to the commemoration of the Second Anniversary of the “CARICOM-Cuba Day against Terrorism,” declared during the VIII CARICOM-Cuba Summit. , held in Barbados in December 2022. This represents the reason and the voice of condemnation of terrorism in any of its manifestations, to never forget the victims of these acts and maintain the commitment of Caribbean people to Peace. Cuban President, Miguel Díaz-Canel Bermúdez, said in his speech before this Monument on December 6, 2022 and I quote: «Cuba does not forget either. We denounce, in all open forums, that the same hatred of those who guaranteed impunity to terrorists moves those who, in unacceptable offenses to the victims, continue to cause pain to Cuba, by inscribing their names on a spurious list of sponsors of terrorism. This site, this memorial, confirms that Cuba can only be on the list, if it existed, of the victims of terrorism” and paraphrasing the eternal Commander in Chief Fidel Castro Ruz, when he gave his historic speech on October 15, 1976, we would say today : When energetic and virile peoples cry, injustice trembles!” Mrs. Geneva Ross-Tyndall, Consul General (ag) of Guyana in Barbados, for her part, also gave a speech condemning terrorism, reflected on what fragile and fleeting that is life when in each of those 73 victims, including the eleven Guyanese, who were mostly young students, full of promise, who aspired to become doctors and engineers. In all of them, a dream, a hope, a future was broken. The youngest victim was only nine years old. This profound loss that occurred near Payne’s Bay brought the harsh reality of terrorism to the shores of Barbados. He said that “decisive measures are urgently needed to protect our region and guarantee that the Caribbean remains a sanctuary of peace. The far-reaching effects of terrorism are being felt in many nations and remind us of our common vulnerability, shared vulnerability.” He also expressed that “we live in a world plagued by divisions, but we must draw strength from our collective unity. Together we can foster a spirit of solidarity that drives us to take crucial action. We must challenge the forces of hatred and violence that seek to disrupt our harmony and cultivate environments of understanding and tolerance.” “Peace is the highest aspiration of human civilization, and world peace is based on respect and human dignity, on the rights of each individual to create a just, equitable and peaceful world. Through solidarity, vigilance and open dialogue, we can confront this global threat and work towards a safer future for all.” Ambassador Wayne McCook, Deputy Secretary-General, CARICOM Single Market and Trade, thanked the Government of Barbados, on behalf of the Caribbean Community, the possibility of “gathering once again in this serene place of remembrance, the Memorial erected to the 73 victims, to commemorate and reflect, while reaffirming the declaration to maintain our commitment to preserve the Caribbean as a Zone of Peace.” The closing words of the solemn ceremony were pronounced by His Excellency. Mr. David Comissiong, Ambassador of Barbados to CARICOM,   who said that “the event was horrific, it traumatized the nation of Barbados, and the people had to fulfill the sad duty of trying to recover the bodies of the territorial sea from the waters of the territorial sea. destroyed of the seventy-three victims. The painful and unforgettable tragedy forever united Cuba, Guyana, North Korea, Venezuela and Barbados. He expressed that “this solemn and sacred occasion is conducive to highlighting our mutual solidarity and sending a strong message on a global scale that we must strive to achieve a world in which mutual respect and peace prevail and the seeds of hatred, intolerance and terrorism are eliminated.”“This horrible Cuban tragedy turned out to be a catalyst that motivated our Caribbean Community to establish one of the fundamental pillars of our collective Foreign Policy: proclaiming that the Caribbean must be a Zone of Peace.” “CARICOM/Cuba Against Terrorism Day is, therefore, a day in which it is expected that the Republic of Cuba, the 15 full Member States of CARICOM and the 5 Associate Member States of CARICOM, participate in activities to highlight the importance of the fight against terrorism. In his speech he alluded to the multiple terrorist and genocidal acts that have been perpetrated against the peoples of the Middle East and exclaimed that once again, we raise our Caribbean voices and demand that the international institutions that have been established to intervene when excessive and illegal acts of national and international terrorism are perpetrated, act now to put an end to the barbarity “It merits the occasion to denounce the oldest case of terrorism in our own Caribbean region, State terrorism against the Republic of Cuba.” “The ridiculous inclusion of Cuba as a State sponsor of terrorism has only served to reinforce the effects of “illegal US blockade by increasing Cuba’s difficulties in participating in international trade, carrying out financial operations and acquiring basic products of first necessity for its people.” “It is this terrible and undeserved situation that led Prime Minister Mia Amor Mottley to make the following statement about Cuba during her speech on September 27, 2024 before the United Nations General Assembly”:-.«And, Mr. President , you cannot come to this platform, unfortunately, (…) and not have to ask for a pardon for the people of Cuba. It is unacceptable, it is inconceivable. And that it continues today is a mark on our international conscience. The Cuban people continue to face the most dire economic circumstances, and this is a direct consequence of their exclusion and their designation as a State sponsor of terrorism. And I have stated that our only knowledge of terrorism and Cuba is, in fact, the downing of the Cubana plane off the waters of Barbados, where Cubans, Guyanese and Koreans died. My friends, Cuba has been a valuable partner, helping us when we needed it most, providing nurses and doctors in pandemics and other essential workers when the world community needed it, and also when towns in southern Africa had to be liberated! The reality is that we must continue to call resolutely for the embargo to be lifted, and we will condemn it year after year because, quite simply, it is wrong!’ Mr Comissiong concluded his emotional speech by demanding on behalf of the Government and people of Barbados and In fact, on behalf of the entire Caribbean Community, that the Government of the United States of America end its illegal blockade against Cuba and remove Cuba from the list of State sponsors of terrorism of the United States Department of State The event concluded when the speakers, all together, placed wreaths, not only to pay tribute to the victims of Cubana de Aviación Flight 455, but also to evoke the urgent need to join forces to put an end to terrorism together. Cubaminrex – EmbaCuba Barbados)

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

    MIL Translation OSI

  • MIL-Evening Report: Could NZ foreign policy be Trumped? Why the government will be hoping Kamala Harris wins the US election

    Source: The Conversation (Au and NZ) – By Robert G. Patman, Professor of International Relations, University of Otago

    Getty Images

    One of the political ironies of the race for the White House is that the foreign policy interests of New Zealand’s centre-right government are probably best served by Democratic candidate Kamala Harris winning.

    Since the end of World War II, all New Zealand governments have supported multilateralism and an international rules-based order enshrined in the institutions of the United Nations.

    The relationship with the United States has reflected that, and tends to outlast the periodic fluctuations associated with changes in government and policy in Wellington or Washington.

    New Zealand’s current National-led coalition inherited close relations with the US, too. American visitor numbers were second only to Australians last year. The US is our third largest export market. And the two countries remain strategically linked within the Five Eyes intelligence sharing arrangement.

    Nevertheless, one of the key foreign policy goals of the coalition is to strengthen alignment with traditional allies such as the US. Given the very different worldviews of Kamala Harris and Donald Trump, the November 5 election will have a large bearing on how successful any push for closer relations with the US can be.

    Closer relations in the balance

    On the one hand, Republican candidate Trump is opposed to multilateral institutions, unless they explicitly serve US national interests. And he wants to reverse the impact of globalisation by constraining immigration, free trade and global governance.

    Nationalist slogans like “America First” promise a return to a so-called golden era of patriotism and sovereignty: a top-down world where the greatest power of all is unencumbered and free to assert its dominance.

    On the other hand, Harris would seem to support a more traditional US foreign policy agenda. This recognises the importance of international institutions and alliances in a world where “isolation is not insulation”.

    Whoever occupies the White House next, then, is likely to have a significant impact on New Zealand foreign policy.

    Isolation and dominance: Trump plays the immigration card at Republican National Convention in July 18.
    Getty Images

    Power plays and the Pacific

    First, Trump’s belief in an international system run by great powers would seem to be a recipe for depriving smaller states like New Zealand of a voice on international issues that affect them.

    Second, New Zealand’s regional focus on ties with Pacific Island nations – underpinned by close people-to-people links and a significant proportion of the country’s overseas development aid programme – is more likely to be complemented by a Harris foreign policy.

    Outgoing president Joe Biden reversed decades of US neglect of much of the Pacific, which had played to the advantage of other external powers – notably China.

    The Biden team launched the annual US-Pacific Islands Summit in 2022. And Kamala Harris played an active role in delivering US$800 million in development and climate assistance to Pacific Island nations in 2022-23.

    Whether Trump will maintain this enhanced diplomatic and economic engagement in the Pacific (and elsewhere) is questionable. Similarly, after Biden rejoined the Paris Climate Accord, Trump will probably quit it for a second time.

    Kamala Harris hosts Ukraine’s Volodymyr Zelenskyy at the White House in September.
    Getty Images

    AUKUS and Ukraine

    Third, the New Zealand government faces the delicate task of navigating relations with an increasingly assertive China – the country’s biggest trade partner – while pursuing its goal of moving closer to the US.

    Since March 2023, successive New Zealand governments have been considering joining an arrangement to share advanced defence technologies under pillar two of the AUKUS security partnership that aims to deter a rising China in the Indo-Pacific region.

    It remains to be seen how China would react if New Zealand did join. But Trump’s insistence on US primacy in any multilateral agreement could make it more difficult for the government to win domestic support for pillar two membership.

    Even outside the AUKUS debate, Trump is more likely to insist allies spend more on defence than they did traditionally.

    Fourth, New Zealand has a big stake in the failure of Russia’s attempted annexation of Ukraine. Wellington’s interests are clearly more in line with Harris’ pledge to maintain support for Ukraine to restore its territorial integrity.

    Trump’s promise to end the war within 24 hours, on the other hand, could probably only be achieved by giving Vladimir Putin what he wants.

    The Middle East and the UN

    Finally, there do not seem to be substantive policy differences between Trump and Harris on the catastrophic situation in Gaza, and increasingly Lebanon.

    There remains a slim possibility a Harris administration might recognise unconditional support for the Israeli government of Benjamin Netanyahu is not sustainable for a superpower whose foreign policy is supposed to be driven by universal values and respect for international law.

    But this would be near impossible for Trump. Indeed, he would probably provide Netanyahu with even greater support.

    Overall, the foreign policy interests of the National-led coalition seem to align more with a Harris presidency than one led by Trump.

    But even if Harris wins, the alignment of interests will not be perfect. US exceptionalism – an informal ideology that claims the nation is a political exemplar for the rest of the world – and Washington’s veto power in the UN security Council are likely to remain constraining factors on the New Zealand-US relationship.

    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. Could NZ foreign policy be Trumped? Why the government will be hoping Kamala Harris wins the US election – https://theconversation.com/could-nz-foreign-policy-be-trumped-why-the-government-will-be-hoping-kamala-harris-wins-the-us-election-240538

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: Building a Green Future

    Source: United Kingdom – Executive Government & Departments

    On 7 October, UKRI will hold an event in Westminster showcasing projects that support the clean energy transition and the development of a sustainable green economy.

    Themes at the UKRI Building a Green Future Congress will include flooding, electricity generation, how to future proof the grid, making products last longer, recycling, remanufacture and reuse of medical technologies, solar power and solar waste, critical minerals, large-scale recycling for a circular economy, net zero buildings, e-waste, sustainable agriculture, and the financial cost of damage to the natural environment.

    Journalists came to this SMC briefing to hear some of the keynote speakers talk about where the problems lie, the potential solutions, and what the UK needs to do to reduce carbon emissions and improve the environment.

    Speakers included:

    Prof Louise Heathwaite, NERC Executive Chair and UKRI Building a Green Future theme SRO

    Prof Phil Taylor, Vice-Chancellor and President, and expert in energy systems, University of Bath

    Prof Peter Hopkinson, Co-Director of the Exeter Centre for the Circular Economy, University of Exeter

    MIL OSI United Kingdom –

  • MIL-OSI Russia: With the support of Bashneft, a modern kindergarten was opened in Bashkiria

    MILES AXLE Translation. Region: Russian Federation –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    A new kindergarten “Romashka” for 50 children was opened in the village of Stary Kurdym in the Tatyshlinsky district of the Republic of Bashkortostan. Financing for the construction and technical equipment was provided by the company “Bashneft” within the framework of the Cooperation Agreement between NK “Rosneft” and the Republic of Bashkortostan.

    The one-story building with an area of 700 m2 meets the most modern technical requirements. A separate block is provided for each age group. All premises are equipped with modern equipment and inventory. The sports and music halls are fully equipped, the food and medical blocks have modern equipment. The outdoor area is divided into play and sports zones with trauma-safe covering.

    The facility is completely autonomous – its own boiler house fully meets the needs of the kindergarten and the neighboring school. The new preschool institution also provides a rich educational program. The staff of educators is formed from certified specialists.

    Also, with the assistance of Bashneft, a new kindergarten for 220 children was put into operation in the village of Kushnarenkovo in the Republic of Bashkortostan this summer. The two-story building with an area of 4.2 thousand m2 is an important social facility in the village with a population of more than 10 thousand people. The new kindergarten has relieved the existing 4 preschool education institutions, which were overloaded.

    Since 2017, Bashneft has implemented more than 220 significant social projects in 49 districts and cities of the Republic of Bashkortostan.

    Reference:

    Bashneft (part of the Rosneft Group of Companies) celebrates its 90th anniversary of production operations in 2022. The company produces and processes oil and gas, produces and sells petroleum products and petrochemicals. Bashneft’s key assets, including oil refining and petrochemical complexes, are located in the Republic of Bashkortostan.

    The cooperation agreement between Rosneft and the Republic of Bashkortostan, aimed at developing industrial, financial and social programs in the region, was extended at the XXV St. Petersburg International Economic Forum, which took place in June 2022.

    Department of Information and Advertising of PJSC NK Rosneft December 28, 2022

    Keywords: Social News 2022

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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

    http://vvv.rosneft.ru/press/nevs/item/213019/

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

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: First Minister confirms awards from Marine Fund Scotland

    Source: Scottish Government

    £14 million for marine industries and coastal and island communities in 2024/25.

    First Minister John Swinney has confirmed that 67 projects will share a total of £14 million in support from the latest round of Marine Fund Scotland.

    The First Minister made the announcement in Shetland, where this morning he will tour Lerwick’s daily electronic fish auction and meet the Shetland Fishermen’s Association before attending the Convention of the Highlands and Islands.

    This year’s awards include seven to Shetland-based projects, including support for a new fisher from Scalloway to help secure a vessel to enter the industry, along with grants for Blueshell Mussels in Brae to enhance its mussel-growing process and to Cooke Aquaculture to trial an innovative water-borne feeding system.

    Other awards to island-based businesses include for Vonin Scotland to help establish a net service station for the aquaculture sector at Kyleakin on Skye, initially creating 15 new jobs. This project means nets will now only need to be transported a short distance by boat rather than via an extended road journey to the Central Belt, reducing CO2 emissions, and will improve recycling rates of nets preventing material ending up in landfill or incineration.  

    First Minister John Swinney said:

    “Our island and coastal communities and the marine industries based here make a huge contribution to Scotland – not just to our economy but also to our efforts to drive innovation and sustainability.

    “I’m very pleased therefore to be here in Shetland to confirm these awards to a wide range of projects, all of which have demonstrated that they will help to drive innovation in the marine sector and help sustain coastal communities.

    “Over the last four years, Marine Fund Scotland has supported hundreds of pioneering projects that are already contributing to building prosperity whilst at the same time protecting the planet.”

    The First Minister is also expected to visit Scottish Sea Farms salmon processing facilities later before meeting Lerwick Port Authority leadership.  

    Sectors receiving support include sea fisheries; aquaculture; seafood processing; wild fisheries including wild salmon; projects that tackle marine litter and improve recycling; and the wider marine environment. Applicants are assessed against strict eligibility criteria including alignment with Scotland’s Blue Economy Vision.

    David Brown, Shetland Regional Manager at Cooke Scotland, said: “We are grateful for the grant assistance which will enable us to trial and develop a new waterborne feed delivery method where rural communities such as Shetland can continue feeding the world with premium Scottish salmon.

    “The health and welfare of our fish is a top priority and the project aims to enhance their wellbeing by encouraging the salmon to feed lower down in the pens, minimising the impact from environmental challenges and wildlife, as well as reducing our energy consumption and ensuring the durability of our feed pipes.”

    Background

    Marine Fund Scotland

    List of 2024/25 awards

    Blue Economy Vision

    MIL OSI United Kingdom –

  • MIL-OSI Banking: 4th Russian-Chinese Energy Business Forum brings together executives of major companies, government officials and industry experts

    Source: Rosneft

    Headline: 4th Russian-Chinese Energy Business Forum brings together executives of major companies, government officials and industry experts

    Government officials from the Russian Federation and the People’s Republic of China and executives from over 100 major Russian and Chinese companies have attended the 4th Russian-Chinese Energy Business Forum.

    The reports on the development of energy cooperation between the two countries at the Forum were presented by Igor Sechin, Executive Secretary of the Commission for the President of the Russian Federation on the strategy of development of the fuel and energy industry and environmental safety, Chief Executive Officer of Rosneft Oil Company; Alexander Novak, Deputy Prime Minister of the Russian Federation; Han Zheng, Vice Premier of the State Council of the People’s Republic of China; Dai Houliang, Chairman of the CNPC Board of Directors; CEOs of Russian and Chinese companies. The Forum was also attended by ministers and government officials from the two countries, as well as representatives of the scientific community.

    The strong participation once again confirmed the RCEBF’s status as the most important platform for shaping the key areas of energy dialogue between Russia and China.

    The Forum was held in a face-to-face distance format at two venues in Moscow and Beijing, with a video bridge between them.

    UPWARD DEVELOPMENT

    President Vladimir Putin of the Russian Federation and President Xi Jinping of the People’s Republic of China sent greetings to the Forum participants, in which they noted the positive dynamics of the development of Russian-Chinese energy cooperation.

    In particular, Vladimir Putin noted in his address that, despite the complexity of the international situation, relations between the Russian Federation and the People’s Republic of China continue to develop in an upward direction. The energy sector remains one of the key and most dynamic areas of economic cooperation between the two countries.

    “The Russian-Chinese Energy Business Forum plays an increasingly prominent role in expanding cooperation in such an important sector, facilitating regular dialogue between representatives of government agencies, leading industry corporations, banking institutions and expert circles of the two countries. One of the Forum’s most vital activities is the creation of the “Atlas of Russian-Chinese Energy Cooperation Investments”. There is no doubt that the development of this unique information and analysis platform opens up new opportunities for mutually beneficial commercial initiatives,” reads the address of the Russian President.

    CORNERSTONE OF CHINA-RUSSIA COOPERATION

    In his welcoming address to the Forum, China’s President Xi Jinping declared energy to be the cornerstone of cooperation between China and Russia.

    According to the PRC President, Beijing intends to build a closer partnership with Moscow in the energy sector. “The energy engagement between China and Russia is a cornerstone of practical cooperation between the two countries and also serves as an effective force for global energy security,” reads Xi Jinping’s address.

    Russia and China’s energy cooperation demonstrates sustainability despite external challenges, the PRC President said.

    “In the face of external risks and challenges, Russia and China are intensifying interaction and coordination, promoting major cooperation projects, demonstrating the high sustainability of Russian-Chinese energy cooperation,” reads Xi Jinping’s address.

    UNIQUE OPPORTUNITIES

    Igor Sechin, Executive Secretary of the Commission for the President of the Russian Federation on the strategy of development of the fuel and energy industry and environmental safety, Chief Executive Officer of Rosneft Oil Company, delivered an address at the opening of the 4th Russian-Chinese Energy Business Forum devoted to the development of the energy dialogue between the two countries.

    By the end of this year, the trade turnover between Russia and China may reach $180-190 billion, Rosneft CEO believes. According to him, the figure has already reached $153.9 billion in ten months.

    Thus, Igor Sechin added, the goal of reaching $200 billion in trade turnover may be achieved even earlier than in 2024, as previously planned.

    Igor Sechin noted that Xi Jingping’s 2015 proposal at the rostrum of the UN to create a “community of one destiny for the humankind”, which underlay Chinese foreign policy (as part of the preamble to China’s Constitution), was a worthy response to the challenges of the growing turbulence. “The Western opponents cannot or do not want to understand the great humanitarian meaning of this idea, rejecting the concept of common destiny because of certain ideological considerations,” Igor Sechin believes. “They do not want to understand that it is not about a uniformity, which is naturally alien to the Chinese cultural tradition.” “All phenomena develop together and do not impede one another, all principles are effected together and do not contradict one another,” says a Chinese wisdom. “China simply tells the world: “We are all in the same boat.” And it turns out that China is working to unite humanity, while the West is working to divide it,” Igor Sechin said.

    Rosneft CEO noted that China, like Russia, had always been against unilateral sanctions and economic pressure, which turned into selfish promotion of one’s own selfish interests, and had always advocated the universal and equal application of international law. “Nevertheless, we see that the PRC is subjected to commercial discrimination. The goal is openly set to stop China’s technological development and prevent China from becoming the Number 1 technological power,” the head of Rosneft believes. No wonder the 20th CPC Congress has paid so much attention to security, which is becoming a political priority.

    Rosneft CEO emphasised the unique opportunities that the cooperation offers in terms of ensuring China’s and Russia’s economic security in sensitive areas. “In the field of resource supply, including energy resources, Russia is a reliable supplier with a huge potential that is capable of expanding. As for production and technological logistics, our partnership here seems to be the most protected in terms of security,” Igor Sechin said.

    Russian energy companies, Sechin said, were ready to cooperate with Chinese partners in all areas—“in coal, in gas, in oil, in electricity and through Rosatom.”

    Rosneft CEO noted that the Company had always promoted integral cooperation with Chinese partners along the entire technological chain: that is exploration and production, refining, power generation, sales at potential markets, including retail sales. “As a rule, such cooperation implies exchange of shares, setup of joint ventures, supply of equipment, and technological partnership,” he said.

    POTENTIAL FOR GROWTH IN ENERGY EXPORTS

    Russia’s oil exports to China in January-October 2022 increased by 9.5% year-on-year to reach almost 72 million tonnes. This put Russia in second place among the suppliers of this fuel to Beijing, only slightly behind Saudi Arabia (73.8 million tonnes), Igor Sechin said.

    For his part, Russia’s Deputy Prime Minister Alexander Novak acknowledged the possibility of building new oil pipelines to China.

    Rosneft CEO also reminded the audience about the Vostok Oil project that “would provide long-term, reliable, and guaranteed energy supplies to Asia’s growing economies.” The project should produce 115 million tonnes of oil by 2033, equivalent to 2.5% of current world production.

    Russia also retains great potential for increasing hydrocarbon exports. For example, Sechin estimates that Rosneft alone has more than 2 trillion cubic metres of gas reserves in Eastern Siberia and the Far East that could be delivered to China.

    According to Igor Sechin, Russian pipeline gas deliveries could increase by 60% this year. The figure will exceed 100 billion cubic metres a year in the foreseeable future, and Rosneft CEO is confident that this is not even the limit.

    Executive Secretary of the Presidential Commission on the strategy of development of the fuel and energy industry Igor Sechin noted the prospects for liquefied natural gas: “Today Russia exports to China relatively small volumes of LNG, but in the future, the volume of LNG supplies may become comparable to our supplies from pipeline projects.”

    For his part, China National Petroleum Corporation (CNPC) Chairman Dai Houliang pointed to the importance of proper operation of oil pipelines from Russia to China and the Yamal LNG project, in which CNPC has a stake.

    “The implementation of the Sino-Russian gas pipeline through the Far East route and the Arctic LNG-2 project should also be accelerated,” he added.

    Furthermore, according to Igor Sechin, Russia accounts for almost a quarter of China’s coal imports—53 million tonnes in the first ten months of this year. Only Indonesia supplies more coal to the PRC.

    China buys from Russia not only hydrocarbons, but also electricity. Between January and October, its supplies grew by 33% and set a new record.

    SETTLEMENTS IN NATIONAL CURRENCIES

    As Alexander Novak noted, Russia and China were switching to settlements in national currencies when trading energy resources: “This work helps to prevent risks and facilitate the transformation of the rouble and yuan to the status of world reserve currencies.” In addition, the two countries’ central banks are working on a settlement system outside SWIFT.

    A significant step in the development of settlement in national currencies was Rosneft’s 2022 placement of an issue of bonds in yuan totalling 15 billion. According to bank analysts, this was the largest corporate bond market placement in the Russian market ever.

    Executive Secretary of the Presidential Commission on the strategy of development of the fuel and energy industry Igor Sechin noted that settlements under foreign economic contracts, primarily for the supply of energy products, had been promptly adapted to the new conditions. “I consider it important to develop clearing payments between China and Russia, which could then be joined by other interested countries (EAEU, SCO, BRICS). The existence of an independent settlement system is an important component of financial sovereignty in the contemporary world,” the head of Rosneft said.

    INVESTMENT ATLAS

    A significant contribution to the development of energy cooperation between the two countries was the publication of the Atlas of Russian-Chinese Energy Cooperation Investments. This document is a comprehensive and practical guide to the implementation of joint projects. Its first part, presented at the previous Forum by the Russian side, was devoted to a review of the current state and prospects of development of the fuel and energy complex of the Russian Federation.

    During the 4th Russian-Chinese Energy Business Forum, Zhang Jianhua, Head of the State Energy Administration of the People’s Republic of China, gave a presentation on the Chinese part of the Atlas.

    The Forum brought together over 300 representatives of major Russian and Chinese companies in the oil and gas, power, coal, nuclear and renewable energy sectors, heads of federal executive authorities, power equipment manufacturers, and representatives of the financial and IT sectors. The participants discussed in detail the key issues of bilateral cooperation in the energy sector. On the sidelines of the Forum, contracts were discussed and concluded between Russian and Chinese partners on energy supply, technology development, joint research, personnel training, and involvement of Chinese companies in the procurement of goods, works and services for projects implemented in Russia.

    The Russian-Chinese Energy Business Forum has been held since 2018, in line with the agreements reached by President Vladimir Putin of the Russian Federation and President Xi Jinping of the People’s Republic of China. The two leaders outlined the main objective of the Forum, that is to expand cooperation, find new areas for investment and implement promising projects in the energy sphere in Russia and China.

    Since its inception, the Forum takes place under the auspices of the Commission for the President of the Russian Federation on the strategy of development of the fuel and energy industry and environmental safety and the State Energy Administration of the People’s Republic of China, and is co-organised by Rosneft and China National Petroleum Corporation.

    Rosneft
    Information Division
    November 29, 2022

    MIL OSI Global Banks –

  • MIL-OSI Economics: 4th Russian-Chinese Energy Business Forum brings together executives of major companies, government officials and industry experts

    Source: Rosneft

    Headline: 4th Russian-Chinese Energy Business Forum brings together executives of major companies, government officials and industry experts

    Government officials from the Russian Federation and the People’s Republic of China and executives from over 100 major Russian and Chinese companies have attended the 4th Russian-Chinese Energy Business Forum.

    The reports on the development of energy cooperation between the two countries at the Forum were presented by Igor Sechin, Executive Secretary of the Commission for the President of the Russian Federation on the strategy of development of the fuel and energy industry and environmental safety, Chief Executive Officer of Rosneft Oil Company; Alexander Novak, Deputy Prime Minister of the Russian Federation; Han Zheng, Vice Premier of the State Council of the People’s Republic of China; Dai Houliang, Chairman of the CNPC Board of Directors; CEOs of Russian and Chinese companies. The Forum was also attended by ministers and government officials from the two countries, as well as representatives of the scientific community.

    The strong participation once again confirmed the RCEBF’s status as the most important platform for shaping the key areas of energy dialogue between Russia and China.

    The Forum was held in a face-to-face distance format at two venues in Moscow and Beijing, with a video bridge between them.

    UPWARD DEVELOPMENT

    President Vladimir Putin of the Russian Federation and President Xi Jinping of the People’s Republic of China sent greetings to the Forum participants, in which they noted the positive dynamics of the development of Russian-Chinese energy cooperation.

    In particular, Vladimir Putin noted in his address that, despite the complexity of the international situation, relations between the Russian Federation and the People’s Republic of China continue to develop in an upward direction. The energy sector remains one of the key and most dynamic areas of economic cooperation between the two countries.

    “The Russian-Chinese Energy Business Forum plays an increasingly prominent role in expanding cooperation in such an important sector, facilitating regular dialogue between representatives of government agencies, leading industry corporations, banking institutions and expert circles of the two countries. One of the Forum’s most vital activities is the creation of the “Atlas of Russian-Chinese Energy Cooperation Investments”. There is no doubt that the development of this unique information and analysis platform opens up new opportunities for mutually beneficial commercial initiatives,” reads the address of the Russian President.

    CORNERSTONE OF CHINA-RUSSIA COOPERATION

    In his welcoming address to the Forum, China’s President Xi Jinping declared energy to be the cornerstone of cooperation between China and Russia.

    According to the PRC President, Beijing intends to build a closer partnership with Moscow in the energy sector. “The energy engagement between China and Russia is a cornerstone of practical cooperation between the two countries and also serves as an effective force for global energy security,” reads Xi Jinping’s address.

    Russia and China’s energy cooperation demonstrates sustainability despite external challenges, the PRC President said.

    “In the face of external risks and challenges, Russia and China are intensifying interaction and coordination, promoting major cooperation projects, demonstrating the high sustainability of Russian-Chinese energy cooperation,” reads Xi Jinping’s address.

    UNIQUE OPPORTUNITIES

    Igor Sechin, Executive Secretary of the Commission for the President of the Russian Federation on the strategy of development of the fuel and energy industry and environmental safety, Chief Executive Officer of Rosneft Oil Company, delivered an address at the opening of the 4th Russian-Chinese Energy Business Forum devoted to the development of the energy dialogue between the two countries.

    By the end of this year, the trade turnover between Russia and China may reach $180-190 billion, Rosneft CEO believes. According to him, the figure has already reached $153.9 billion in ten months.

    Thus, Igor Sechin added, the goal of reaching $200 billion in trade turnover may be achieved even earlier than in 2024, as previously planned.

    Igor Sechin noted that Xi Jingping’s 2015 proposal at the rostrum of the UN to create a “community of one destiny for the humankind”, which underlay Chinese foreign policy (as part of the preamble to China’s Constitution), was a worthy response to the challenges of the growing turbulence. “The Western opponents cannot or do not want to understand the great humanitarian meaning of this idea, rejecting the concept of common destiny because of certain ideological considerations,” Igor Sechin believes. “They do not want to understand that it is not about a uniformity, which is naturally alien to the Chinese cultural tradition.” “All phenomena develop together and do not impede one another, all principles are effected together and do not contradict one another,” says a Chinese wisdom. “China simply tells the world: “We are all in the same boat.” And it turns out that China is working to unite humanity, while the West is working to divide it,” Igor Sechin said.

    Rosneft CEO noted that China, like Russia, had always been against unilateral sanctions and economic pressure, which turned into selfish promotion of one’s own selfish interests, and had always advocated the universal and equal application of international law. “Nevertheless, we see that the PRC is subjected to commercial discrimination. The goal is openly set to stop China’s technological development and prevent China from becoming the Number 1 technological power,” the head of Rosneft believes. No wonder the 20th CPC Congress has paid so much attention to security, which is becoming a political priority.

    Rosneft CEO emphasised the unique opportunities that the cooperation offers in terms of ensuring China’s and Russia’s economic security in sensitive areas. “In the field of resource supply, including energy resources, Russia is a reliable supplier with a huge potential that is capable of expanding. As for production and technological logistics, our partnership here seems to be the most protected in terms of security,” Igor Sechin said.

    Russian energy companies, Sechin said, were ready to cooperate with Chinese partners in all areas—“in coal, in gas, in oil, in electricity and through Rosatom.”

    Rosneft CEO noted that the Company had always promoted integral cooperation with Chinese partners along the entire technological chain: that is exploration and production, refining, power generation, sales at potential markets, including retail sales. “As a rule, such cooperation implies exchange of shares, setup of joint ventures, supply of equipment, and technological partnership,” he said.

    POTENTIAL FOR GROWTH IN ENERGY EXPORTS

    Russia’s oil exports to China in January-October 2022 increased by 9.5% year-on-year to reach almost 72 million tonnes. This put Russia in second place among the suppliers of this fuel to Beijing, only slightly behind Saudi Arabia (73.8 million tonnes), Igor Sechin said.

    For his part, Russia’s Deputy Prime Minister Alexander Novak acknowledged the possibility of building new oil pipelines to China.

    Rosneft CEO also reminded the audience about the Vostok Oil project that “would provide long-term, reliable, and guaranteed energy supplies to Asia’s growing economies.” The project should produce 115 million tonnes of oil by 2033, equivalent to 2.5% of current world production.

    Russia also retains great potential for increasing hydrocarbon exports. For example, Sechin estimates that Rosneft alone has more than 2 trillion cubic metres of gas reserves in Eastern Siberia and the Far East that could be delivered to China.

    According to Igor Sechin, Russian pipeline gas deliveries could increase by 60% this year. The figure will exceed 100 billion cubic metres a year in the foreseeable future, and Rosneft CEO is confident that this is not even the limit.

    Executive Secretary of the Presidential Commission on the strategy of development of the fuel and energy industry Igor Sechin noted the prospects for liquefied natural gas: “Today Russia exports to China relatively small volumes of LNG, but in the future, the volume of LNG supplies may become comparable to our supplies from pipeline projects.”

    For his part, China National Petroleum Corporation (CNPC) Chairman Dai Houliang pointed to the importance of proper operation of oil pipelines from Russia to China and the Yamal LNG project, in which CNPC has a stake.

    “The implementation of the Sino-Russian gas pipeline through the Far East route and the Arctic LNG-2 project should also be accelerated,” he added.

    Furthermore, according to Igor Sechin, Russia accounts for almost a quarter of China’s coal imports—53 million tonnes in the first ten months of this year. Only Indonesia supplies more coal to the PRC.

    China buys from Russia not only hydrocarbons, but also electricity. Between January and October, its supplies grew by 33% and set a new record.

    SETTLEMENTS IN NATIONAL CURRENCIES

    As Alexander Novak noted, Russia and China were switching to settlements in national currencies when trading energy resources: “This work helps to prevent risks and facilitate the transformation of the rouble and yuan to the status of world reserve currencies.” In addition, the two countries’ central banks are working on a settlement system outside SWIFT.

    A significant step in the development of settlement in national currencies was Rosneft’s 2022 placement of an issue of bonds in yuan totalling 15 billion. According to bank analysts, this was the largest corporate bond market placement in the Russian market ever.

    Executive Secretary of the Presidential Commission on the strategy of development of the fuel and energy industry Igor Sechin noted that settlements under foreign economic contracts, primarily for the supply of energy products, had been promptly adapted to the new conditions. “I consider it important to develop clearing payments between China and Russia, which could then be joined by other interested countries (EAEU, SCO, BRICS). The existence of an independent settlement system is an important component of financial sovereignty in the contemporary world,” the head of Rosneft said.

    INVESTMENT ATLAS

    A significant contribution to the development of energy cooperation between the two countries was the publication of the Atlas of Russian-Chinese Energy Cooperation Investments. This document is a comprehensive and practical guide to the implementation of joint projects. Its first part, presented at the previous Forum by the Russian side, was devoted to a review of the current state and prospects of development of the fuel and energy complex of the Russian Federation.

    During the 4th Russian-Chinese Energy Business Forum, Zhang Jianhua, Head of the State Energy Administration of the People’s Republic of China, gave a presentation on the Chinese part of the Atlas.

    The Forum brought together over 300 representatives of major Russian and Chinese companies in the oil and gas, power, coal, nuclear and renewable energy sectors, heads of federal executive authorities, power equipment manufacturers, and representatives of the financial and IT sectors. The participants discussed in detail the key issues of bilateral cooperation in the energy sector. On the sidelines of the Forum, contracts were discussed and concluded between Russian and Chinese partners on energy supply, technology development, joint research, personnel training, and involvement of Chinese companies in the procurement of goods, works and services for projects implemented in Russia.

    The Russian-Chinese Energy Business Forum has been held since 2018, in line with the agreements reached by President Vladimir Putin of the Russian Federation and President Xi Jinping of the People’s Republic of China. The two leaders outlined the main objective of the Forum, that is to expand cooperation, find new areas for investment and implement promising projects in the energy sphere in Russia and China.

    Since its inception, the Forum takes place under the auspices of the Commission for the President of the Russian Federation on the strategy of development of the fuel and energy industry and environmental safety and the State Energy Administration of the People’s Republic of China, and is co-organised by Rosneft and China National Petroleum Corporation.

    Rosneft
    Information Division
    November 29, 2022

    MIL OSI Economics –

  • MIL-Evening Report: Is owning a dog good for your health?

    Source: The Conversation (Au and NZ) – By Tania Signal, Professor of Psychology, School of Health, Medical and Applied Sciences, CQUniversity Australia

    Pogodina Natalia/Shutterstock

    Australia loves dogs. We have one of the highest rates of pet ownership in the world, and one in two households has at least one dog.

    But are they good for our health?

    Mental health is the second-most common reason cited for getting a dog, after companionship. And many of us say we “feel healthier” for having a dog – and let them sleep in our bedroom.

    Here’s what it means for our physical and mental health to share our homes (and doonas) with our canine companions.

    Are there physical health benefits to having a dog?

    Having a dog is linked to lower risk of death over the long term. In 2019, a systematic review gathered evidence published over 70 years, involving nearly four million individual medical cases. It found people who owned a dog had a 24% lower risk of dying from any cause compared to those who did not own a dog.

    Having a dog may help lower your blood pressure through more physical activity.
    Barnabas Davoti/Pexels

    Dog ownership was linked to increased physical activity. This lowered blood pressure and helped reduce the risk of stroke and heart disease.

    The review found for those with previous heart-related medical issues (such as heart attack), living with a dog reduced their subsequent risk of dying by 35%, compared to people with the same history but no dog.

    Another recent UK study found adult dog owners were almost four times as likely to meet daily physical activity targets as non-owners. Children in households with a dog were also more active and engaged in more unstructured play, compared to children whose family didn’t have a dog.

    Exposure to dirt and microbes carried in from outdoors may also strengthen immune systems and lead to less use of antibiotics in young children who grow up with dogs.

    Children in households with a dog were often more active.
    Maryshot/Shutterstock

    Health risks

    However, dogs can also pose risks to our physical health. One of the most common health issues for pet owners is allergies.

    Dogs’ saliva, urine and dander (the skin cells they shed) can trigger allergic reactions resulting in a range of symptoms, from itchy eyes and runny nose to breathing difficulties.

    A recent meta-analysis pooled data from nearly two million children. Findings suggested early exposure to dogs may increase the risk of developing asthma (although not quite as much as having a cat does). The child’s age, how much contact they have with the dog and their individual risk all play a part.

    Slips, trips and falls are another risk – more people fall over due to dogs than cats.

    Having a dog can also expose you to bites and scratches which may become infected and pose a risk for those with compromised immune systems. And they can introduce zoonotic diseases into your home, including ring worm and Campylobacter, a disease that causes diarrhoea.

    For those sharing the bed there is an elevated the risk of allergies and picking up ringworm. It may result in lost sleep, as dogs move around at night.

    On the other hand some owners report feeling more secure while co-sleeping with their dogs, with the emotional benefit outweighing the possibility of sleep disturbance or waking up with flea bites.

    Proper veterinary care and hygiene practices are essential to minimise these risks.

    Many of us don’t just share a home with a dog – we let them sleep in our beds.
    Claudia Mañas/Unsplash

    What about mental health?

    Many people know the benefits of having a dog are not only physical.

    As companions, dogs can provide significant emotional support helping to alleviate symptoms of anxiety, depression and post-traumatic stress. Their presence may offer comfort and a sense of purpose to individuals facing mental health challenges.

    Loneliness is a significant and growing public health issue in Australia.

    In the dog park and your neighbourhood, dogs can make it easier to strike up conversations with strangers and make new friends. These social interactions can help build a sense of community belonging and reduce feelings of social isolation.

    For older adults, dog walking can be a valuable loneliness intervention that encourages social interaction with neighbours, while also combating declining physical activity.

    However, if you’re experiencing chronic loneliness, it may be hard to engage with other people during walks. An Australian study found simply getting a dog was linked to decreased loneliness. People reported an improved mood – possibly due to the benefits of strengthening bonds with their dog.

    Walking a dog can make it easier to talk to people in your neighbourhood.
    KPegg/Shutterstock

    What are the drawbacks?

    While dogs can bring immense joy and numerous health benefits, there are also downsides and challenges. The responsibility of caring for a dog, especially one with behavioural issues or health problems, can be overwhelming and create financial stress.

    Dogs have shorter lifespans than humans, and the loss of a beloved companion can lead to depression or exacerbate existing mental health conditions.

    Lifestyle compatibility and housing conditions also play a significant role in whether having a dog is a good fit.

    The so-called pet effect suggests that pets, often dogs, improve human physical and mental health in all situations and for all people. The reality is more nuanced. For some, having a pet may be more stressful than beneficial.

    Importantly, the animals that share our homes are not just “tools” for human health. Owners and dogs can mutually benefit when the welfare and wellbeing of both are maintained.

    Tania Signal 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. Is owning a dog good for your health? – https://theconversation.com/is-owning-a-dog-good-for-your-health-238888

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Economics: ADB Approves Support to Strengthen Coastal Protection in India

    Source: Asia Development Bank

    MANILA, PHILIPPINES (7 October 2024) — The Asian Development Bank (ADB) has approved a $42 million loan to provide coastal and riverbank protection to increase resilience of local communities and natural ecosystems in the state of Maharashtra, India. 

    The Maharashtra Sustainable Climate-Resilient Coastal Protection and Management Project will establish coastal erosion and riverbank protection solutions such as offshore reefs, sheet piles, beach nourishment, and vegetation planting to restore and stabilize the coastline. 

    “The project will demonstrate the benefits of adopting new engineering hybrid approaches such as offshore reefs construction and rock protection works, as well as soft nature-based solutions such as beach and dune nourishment,” said ADB Water Resources Specialist Marie L’Hostis. 

    “The project responds to Maharashtra’s climate adaptation needs as outlined in the state’s Shoreline Management Plan and address climate change threats as shown by increasing rates of sea-level rise and coastal erosion though flexible nature-based and hybrid solutions, which can adapt to different climate scenarios,” said ADB Senior Climate Change Specialist (Coastal Adaptation) Alessio Giardino.

    ADB will help build the capacity of the Maharashtra Maritime Board in shore management planning, including the establishment of a coastal infrastructure management unit. The project will support capacity building of stakeholders on gender equality and social inclusion, coastal management, and livelihood activities.  

    The project builds on the ADB-financed Sustainable Coastal Protection and Management Investment Program. It aims to enhance fisheries and tourism, while encouraging increased participation of women, youth, and vulnerable groups in coastal zone management.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Economics –

  • MIL-OSI China: HK to attract new batch of key enterprises: financial chief

    Source: China State Council Information Office

    Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) government Paul Chan said on Sunday that the HKSAR government’s Office for Attracting Strategic Enterprises will announce next month a list of more than 10 enterprises that will establish a foothold in Hong Kong.

    These enterprises are from the Chinese mainland, the United States, Europe and other places, with more than half of them specializing in artificial intelligence and big data. Some of them are leading enterprises in their fields.

    Chan said that entering the fourth quarter of 2024, the overall market atmosphere has improved significantly. From September to last Friday, the average daily turnover was about 192 billion HK dollars (about 24.72 billion U.S. dollars), which was double of that in August.

    Chan said that the continuous reform and innovation of Hong Kong’s listing system over a past period of time have enhanced Hong Kong stock market’s attractiveness and vitality.

    In 2018, Hong Kong allowed pre-revenue/pre-profit biotechnology companies, and new economy companies with different share structures, to list in Hong Kong.

    There are more than 330 new economy companies listed in Hong Kong. Although they only account for about 30 percent of the listed companies, their total market value exceeded 9.6 trillion HK dollars, accounting for more than 26 percent of the total market value of Hong Kong stocks and accounting for nearly 23 percent of the average daily trading volume of Hong Kong stocks. This has brought the Hong Kong stock market to a new level.

    Last year, Hong Kong further introduced a special listing rule for specialist technology companies to support these companies to raise funds.

    These reforms have made Hong Kong a preferred listing destination for many tech companies, Chan said.

    At the end of this month, Chan will lead a delegation from the financial and innovation sectors to the Middle East to promote Hong Kong’s latest development as an international financial, trade and innovation center, Hong Kong’s unique advantages and functions under “one country, two systems,” as well as new opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area and the Belt and Road Initiative. (1 HK dollar equals 0.13 U.S. dollars) 

    MIL OSI China News –

  • MIL-Evening Report: People don’t like a ‘white saviour’, but does it affect how they donate to charity?

    Source: The Conversation (Au and NZ) – By Robert Hoffmann, Professor of Economics, Tasmanian Behavioural Lab, University of Tasmania

    Shutterstock

    Efforts to redress global inequality are facing an unexpected adversary: the white saviour. It’s the idea that people of colour, whether in the Global South or North, need “saving” by a white Western person or aid worker.

    An eclectic mix of white activists have been publicly accused of being white saviours for trying to help different causes in the Global South. They include celebrities who adopted orphaned children, organised benefit concerts such as Live Aid, or called out rights abuses.

    Others include professional and volunteer charity workers and journalists reporting on poverty in Africa. Even activism at home can earn the white saviour label, like efforts to refine the proposal for the Indigenous Voice to Parliament in Australia.

    We conducted a series of studies with 1,991 representative Australians to find out what people thought made a white saviour, how charity appeal photographs create this impression, and how it affected donations.

    White saviourism and charities

    The concern is that white people’s overseas charity, even when well-meaning, can inadvertently hurt rather than help the cause. It could perpetuate harmful stereotypes of white superiority, disempower local people, or misdirect resources to make helpers feel good rather than alleviating genuine need.

    The fear of being labelled a white saviour could make people think twice about giving time or money to worthy causes. It might stop aid organisations using proven appeals to raise donations they need.

    Médecins Sans Frontières (MSF), for instance, released a video apologising for using photos depicting white people in aid settings and which aren’t representative of the majority local staff they employ.

    Therein lies the dilemma: white donors can relate to photos of white helpers, but this is easily interpreted as white savourism.

    What makes someone a white saviour?

    Very little research exists into exactly what white saviourism means. Broadly, it seems to describe people in the Global North who support international causes for selfish reasons, to satisfy their own sentimentality and need for a positive image. We wanted to go deeper.

    In the first of our studies, we showed our participants 26 photographs depicting different Global South aid settings with a white helper.

    The helpers that participants thought of as highly “white saviour” typically had these characteristics:

    • they appeared to be privileged and superior

    • they gave help sentimentally and tokenistically

    • they conformed to the colonial stereotype of the helpless local and powerful foreigner.

    Further analysis showed these characteristics boil down to two essential features: ineffectiveness of the help and entitlement of the helpers.

    These two perceptions of the white saviour explain the problem for charity. Behavioural economics research has identified two main reasons for donating, and these perceptions undermine both.

    Why do people donate at all?

    So to see how much white saviourism affects charities, we need to know why people donate in the first place.

    One reason for giving is pure altruism, the desire to help others with no direct benefit to oneself. The effective altruism movement encourages people to make every donated dollar count – getting the maximum bang for the buck in terms of measurable outcomes for those in need.

    The difficulty for effective altruists is in assessing the impact of different charities vying for their donations. There are now websites that list charities by lives saved per dollar donated.



    Read more:
    How white saviourism harms international development

    Alternatively, donors might look at a charity’s appeal images for clues of how effectively it will use their dollars.

    Depicting white people as saviours can create the impression of tokenistic aid that only serves the helper’s sentimental needs. Evidence shows people resent impure motives in others (including organisations) and might try to penalise them.

    Behavioural economics research also shows, as you might expect, that some people are more concerned about themselves than others when giving. This is known as “warm glow” giving.

    Warm glow givers have several self-serving motivations. They include giving to gain self-respect or social status.

    People also have a desire to meet their social obligations. For richer folks this could include charitable giving. And giving can reduce guilt they might feel about their privilege.

    Just like the effective altruist, the warm glow giver could be put off by any sign of white saviourism. They don’t want to be seen to be endorsing it.

    Do people still donate?

    All this suggests that seeing a white saviour depiction in a charitable appeal will make people donate less.

    We examined this in another study, in which participants were shown each of the previous photos. This time they were asked, for every photo, if they were willing to donate to a charity that uses it.

    And as we thought, the photos previously rated as high in white saviourism had low intentions to donate.

    Participants were shown photos of white aid workers in the Global South.
    Shutterstock

    But intentions do not always equal actions, as psychologist have demonstrated for many years.

    To overcome this, we measured real donations in another study. Again participants saw the same photos, but this time they had the chance to donate part of their participation fee to a real charity when seeing them.

    What we found surprised us: the white saviour effect disappeared. How high a photo was on the white saviour scale had no impact on how much participants donated when seeing it.

    Does the end justify the motivation?

    Our results summarise the dilemma. Donors might object to white saviourism by charities, but in the end feel that it’s the help that counts, not the motivation behind it.

    We found some evidence for this when we asked participants about their general views of white saviourism.

    Almost 70% agreed that white saviour motives are common in Western help and that this was problematic for recipients. But interestingly, only 42% thought helpers with these motives deserved criticism.

    Together, this might suggest that people feel white saviour help is better than no help. There are voices in the charity community who echo this sentiment: imposing conditions on charitable giving will serve to reduce it.

    In an interview with the Wall Street Journal, Elise Westhoff, president of the Philanthropy Roundtable in the United States, said “by imposing those ‘musts’ and ‘shoulds’, you really limit human generosity”.

    But this doesn’t mean there are no legitimate concerns. There are, but it’s not hard for charities to address them.

    Our results show that white saviour perceptions do not affect actual donations, so read another way, suggests charities can safely replace highly white saviour images without losing donations for their causes.

    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. People don’t like a ‘white saviour’, but does it affect how they donate to charity? – https://theconversation.com/people-dont-like-a-white-saviour-but-does-it-affect-how-they-donate-to-charity-239307

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Release: Govt takes the scalpel to regional health budgets

    Source: New Zealand Labour Party

    At Labour’s insistence, Te Whatu Ora financial documents have been released by the Health Select Committee today showing more cuts are on the way for our health system.

    “The Government has manufactured a financial crisis to justify stripping back the health system. These cuts are affecting patient care,” Labour health spokesperson Ayesha Verrall said.

    “The Government said it wouldn’t touch the front line, but it has broken that promise.

    Te Whatu Ora’s internal budget shows all four regions of New Zealand are getting less than the previous year of between about six percent and 14 percent, an average of nearly nine percent across the country.

    “We have seen communities in Buller and Dunedin march in the streets demanding better health services for their people. Labour will stand with communities and fight for the health services they need and deserve.

    “Te Whatu Ora’s deficit can be explained in part by hiring more nurses, doctors and allied staff such as physiotherapists, necessary and consistent with the workforce plan Labour put in place. This is exactly where the Government should be investing, not cutting.

    “However, the FTE numbers show what frontline staff have been telling us – that there is now a hiring freeze starting to take effect.

    “The Government also withheld $529 million from Te Whatu Ora to pay nursing, midwifery and allied staff the pay increases they got in 2023. This would account for a big chunk of Te Whatu Ora’s deficit in the last financial year.

    “The documents further undermine the Government’s story that Te Whatu Ora’s deficit is fuelled by back office roles. It’s important the health system is staffed by those who care for patients and keep the whole system functioning – like those booking appointments, orderlies and cleaners.

    “If there is any bump in non-clinical staff, it’s under Minister of Health Shane Reti’s watch, as there is an almost doubling of management and admin personnel costs in June 2024. Given that he has brought in expensive commissioners and regional CEs he needs to come clean about the cause of this increase.

    “These financial documents don’t support the Government’s spin. Shane Reti made up claims about 14 layers of management to justify cuts to frontline services.

    “The Government has the wrong priorities – its reckless tax cuts are harming the health services New Zealanders need and depend on,” Ayesha Verrall said.

    Stay in the loop by signing up to our mailing list and following us on Facebook, Instagram, and X.

    MIL OSI New Zealand News –

  • MIL-OSI China: China embraces world economy with unswerving opening-up

    Source: China State Council Information Office 2

    This aerial photo taken on Nov. 24, 2022 shows a freight train to enter the China-Laos Railway’s Friendship Tunnel connecting Mohan in southwest China’s Yunnan Province and Boten in northern Laos. (Xinhua/Hu Chao)
    Mohan, a small town in the southernmost part of southwest China’s Yunnan Province, reached a trade milestone last month, with over 10 million tonnes of freight, including fresh fruits, coffee, air conditioners and new-energy vehicles, transported on the China-Laos Railway over the previous three years.
    Since the launch of the 1,035 km rail line in December 2021, Mohan has become an important transport hub with significant highway and railway ports. Also, it’s the only national-level land port linking China and Laos, with new development opportunities mushrooming.
    The story of Mohan is a telling example of China’s unwavering high-level opening-up. Since the founding of the People’s Republic of China 75 years ago, China has achieved leapfrog development in opening wider to the world.
    Confident that opening-up is the right path, China has been implementing proactive strategies, including spurring trade growth, attracting foreign investment and expanding institutional opening-up, to accelerate cultivating new international competitive advantages and achieving mutual benefits with other countries.
    BOLSTERING FOREIGN TRADE, INVESTMENT
    In 1950, China’s foreign trade in goods was only 1.1 billion U.S. dollars, accounting for 0.9 percent of the world’s total. By 2023, China’s total goods trade had reached 5.9 trillion U.S. dollars, accounting for 12.4 percent of the global share, and has consistently ranked first in the world for seven consecutive years.
    Service trade has also undergone tremendous expansion. When the People’s Republic of China was founded, the country’s service trade was almost zero. While in 2023, China’s total service trade import and export volume reached 933.1 billion U.S. dollars, ranking fourth in the world.
    The country is actively expanding imports to share market opportunities with the rest of the world. In 2023, China’s import sources have covered over 200 countries and regions. The China International Import Expo (CIIE), the world’s first national-level import-themed expo, has been held for six consecutive years.
    “China should continue to offer new opportunities nurtured from its vast market to other countries by holding international fairs such as the CIIE, the China International Consumer Products Expo and the Global Digital Trade Expo,” said Ma Xiangdong, a professor at the Party School of the Communist Party of China of Beijing Municipal Committee.
    Continuous efforts have been made on lowering tariffs. China’s overall tariff level has been reduced to 7.3 percent, approaching the average level of developed countries. The country recently announced a move to give all the least developed countries that have diplomatic relations with China zero-tariff treatment for 100 percent tariff lines starting from Dec. 1 of this year.
    China has built 22 pilot free-trade zones, covering coastal, inland and border areas, contributing about 20 percent of the total foreign investment and import-export volume of the country.
    The country also keeps expanding its “friend circle” globally. By the end of 2023, China had signed 22 free-trade agreements with 29 countries and regions, and it had signed over 200 Belt and Road cooperation documents with over 150 countries and over 30 international organizations.
    At the same time, foreign investment has been encouraged. The country’s negative list for foreign investment had been shortened for five consecutive years from 2017 to 2021, and laws and regulations, including the Foreign Investment Law, were put into force to step up protection for foreign investors.
    In 2023, China’s foreign direct investment, in actual use, reached 163.3 billion U.S. dollars, an increase of 176 times compared to 920 million U.S. dollars in 1983, maintaining its world-leading position in terms of scale for multiple consecutive years.
    China’s investment is playing an increasingly prominent role in promoting economic development worldwide. In 2023, China’s non-financial outbound direct investment reached 130.1 billion U.S. dollars, an increase of 61 times on that of 2003, and ranking third worldwide for 11 consecutive years.
    PROPELLING INSTITUTIONAL OPENING-UP
    China has been unswervingly expanding institutional opening-up in recent decades to realize high-quality development and offer the world new growth momentum and opportunities, rolling out various policies.
    In the latest move of this kind, China announced in September that it would allow the establishment of wholly foreign-owned hospitals in certain cities and regions, including Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen and throughout the island of Hainan.
    In the same month, the country issued the 2024 version of the negative list for foreign investment access, reducing the number of restrictions from 31 to 29 and achieving zero restrictions on the manufacturing sector.
    This fully demonstrates China’s active willingness to expand mutual benefits and a clear attitude to supporting economic globalization, said Jin Xiandong, an official with the National Development and Reform Commission, adding that further efforts will be made to improve the level of foreign investment liberalization and facilitation, and to optimize service for foreign-invested enterprises.
    At its third plenum, the 20th Central Committee of the Communist Party of China renewed the country’s commitment to the basic state policy of opening to the outside world and continuing to promote reform through opening up.
    “Leveraging the strengths of China’s enormous market, we will enhance our capacity for opening up while expanding international cooperation and develop new institutions for a higher-standard open economy,” reads a resolution adopted at the plenum.
    Opening up to the outside world is not just a matter of “opening the door”, but more importantly, is actively aligning with international economic and trade regulations as well as other high-standard rules, said Zhang Bin, deputy director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences.
    Zhang underlined the need to enhance synergy between the domestic and international markets as well as resources to constantly cultivate and consolidate new advantages in international economic cooperation and competition. 

    MIL OSI China News –

  • MIL-OSI Economics: WTO-FIFA “Partenariat pour le Coton” initiative concludes national consultations

    Source: WTO

    Headline: WTO-FIFA “Partenariat pour le Coton” initiative concludes national consultations

    Launched in February 2024 following the WTO-FIFA Memorandum of Understanding (MoU) signed in 2022, the “Partenariat pour le Coton” initiative brings together public and private sector partners to support the C4+ countries in advancing along the cotton value chain and securing greater benefits for these nations.
    The consultations focused on building upon the baseline study conducted by the United Nations Industrial Development Organization (UNIDO) and the International Trade Centre (ITC) and implementing its recommendations on developing the cotton sector at the national level. The consultations have helped to ensure that national strategies align with the broader objectives of the “Partenariat pour le Coton.”
    Experts from the public and private sectors, as well as key stakeholders across the cotton value chain, took part in the consultations. The African Export-Import Bank (Afreximbank), the International Labour Organization (ILO) and the Enhanced Integrated Framework (EIF) provided financial support, while UNIDO and Gherzi, a textile management consulting company, offered technical expertise, presenting key findings from the baseline study and advising on concrete steps to transform national cotton sectors.
    Government trade officials reiterated their commitment to fostering an environment conducive to reforms and investment in value-added cotton production. They also emphasized the need for enhanced public-private sector cooperation and explored ways to ensure the sustainable development of the cotton industry.
    Private sector representatives, particularly from financial institutions, reaffirmed their support for value addition in the African cotton industry and pledged increased investment in the cotton-to-textile value chain. Participants also highlighted the need for stronger technical assistance to address capacity gaps identified in the baseline study.
    Looking ahead, the outcomes of each national consultation will be compiled into individual country reports, contributing to a comprehensive regional report. This report will serve as a foundation for attracting significant investment in C4+ countries.
    Participants hailed the successful conclusion of the consultation process and reiterated the importance of helping C4+ countries maximize the benefits of their cotton industries through the “Partenariat pour le Coton” initiative and other international partnerships.
    The partners of the “Partenariat pour le Coton” initiative will reconvene at the World Cotton Day 2024 event, scheduled for 6-8 October in Cotonou, Benin.

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    MIL OSI Economics –

  • MIL-OSI Europe: Written question – Price scale for emission allowances as a tool for European competitiveness on the global market – E-001860/2024

    Source: European Parliament

    Question for written answer  E-001860/2024
    to the Commission
    Rule 144
    Tomáš Zdechovský (PPE)

    The EU Emissions Trading System (ETS) requires polluters to pay for their greenhouse gas emissions. The price of emission allowances is a key parameter of the entire system. If it is too low, the polluter can buy the necessary allowances cheaply, and the principle of paying an appropriate price for pollution caused remains unfulfilled[1]. The issue nowadays is, firstly, that European industries and power plants pay twice as much per tonne of emissions as businesses in California and ten times as much as emitters in China, which makes them uncompetitive[2]. Secondly, the price of the permit cannot be estimated in advance.[3]

    • 1.How will the Commission help to set a reasonable scale of minimum and maximum prices for these allowances to help support the European economy’s competitiveness on the global market?
    • 2.In what other ways will the Commission help European businesses so that efforts to reduce emissions will not lead to them being forced to shut down?
    • 3.Is the Commission devoted to delivering a transparent and predictable overview of future price developments for emission allowances?

    Submitted: 27.9.2024

    • [1] https://faktaoklimatu.cz/explainery/emisni-povolenky-ets
    • [2] https://ekonomickydenik.cz/knotek-ceny-emisnich-povolenek-by-se-mely-zastropovat/
    • [3] https://www.statista.com/statistics/1322214/carbon-prices-european-union-emission-trading-scheme/
    Last updated: 3 October 2024

    MIL OSI Europe News –

  • MIL-OSI Economics: Members underline need for services trade to be inclusive

    Source: World Trade Organization

    Follow-up to outcomes of ministerial conferences

    At the 13th Ministerial Conference (MC13) held in February 2024, ministers stressed that services generate more than two-thirds of global economic output and account for over half of all jobs. They also emphasized the importance of advancing work on trade in services at the WTO. Stemming from this, the Council agreed to hold an informal discussion on the WTO-World Bank report entitled “Trade in Services for Development“. The ministerial mandate on the WTO’s work on trade in services can be found in paragraph 18 of the MC13 Declaration.

    Several members also expressed an interest in exploring the interplay between services trade and the green transition. The WTO’s Organisation of African, Caribbean and Pacific States announced that it is working on updating the note entitled “Vulnerable ACP State services sectors impacted in the context of the COVID-19 Pandemic” submitted in 2021. A suggestion was made to hold a workshop on crisis preparedness in response to the MC13 mandate.

    Participation of LDCs in services trade

    The WTO LDC Group presented to the Council a new questionnaire that aims to assess how LDC services suppliers are working with consumers and enterprises, particularly in the member economies that have notified preferences for LDCs, with the aim of identifying the challenges they may face.

    Members reaffirmed their commitment to increasing the participation of LDCs in global services trade in line with the MC12 Outcome Document and the MC13 Declaration. They reiterated their continued support for putting the Services Waiver into practice as a means of reaching this goal. The waiver was formalized by a decision adopted at the 2011 Ministerial Conference. Preferences for LDC services and service suppliers have been notified by 51 WTO members under the waiver. Members’ notifications can be found here.

    A total of 35 WTO members are classified as LDCs.

    Work Programme on E-commerce

    Some members proposed that the Council complement the work done in the General Council’s dedicated discussions on e-commerce in light of its services-trade focus. Some of the issues suggested for discussion include trade in digitally delivered services, artificial intelligence, cloud computing and financial inclusion.

    The importance of making digital trade more inclusive and of boosting the participation of developing economies in e-commerce was also highlighted.

    Services trade concerns

    Members discussed three previously addressed specific trade concerns involving cybersecurity measures and mobile applications, among other services-related topics.

    Japan and the United States, supported by several other members, reiterated concerns about the cybersecurity measures of China and Viet Nam. China repeated concerns with certain services measures of the United States. China also reiterated its concerns regarding India’s measures in relation to mobile applications.

    Trade in financial services

    Crisis preparedness

    In the Committee on Trade and Financial Services, Pakistan underscored the important role played by financial services in supporting crisis management frameworks. It stressed that the capacities of developing economies in this area should be reinforced, as mandated by ministers at MC13 (see paragraph 21 of the Ministerial Declaration). Members expressed readiness to look into ways of discussing this.

    The Committee is one of the Services Council’s subsidiary bodies.

    Facilitating electronic payments

    Introducing a new proposal, China said that developing economies lack an effective infrastructure and regulatory framework to keep up with international organizations and governments in terms of making online payments more secure. Given that emerging technologies are heavily impacting international economic activities, China suggested a discussion on the WTO’s role in facilitating the expansion of electronic payments across economies.

    The proposal will be discussed at the next Committee meeting in December.

    Reducing the cost of remittance services

    Members were unable to reach consensus on establishing a work programme on reducing the cost of remittance services in the Committee – as proposed by India in a communication dated 8 March – but there was support among members for exploring how the WTO can complement discussions in other international fora.

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    MIL OSI Economics –

  • MIL-OSI Europe: In-Depth Analysis – Can Banking Union foster market integration, and what lessons does that hold for capital markets union? – 02-10-2024

    Source: European Parliament

    Over the past decade, Banking Union (BU) regulators focused on making banks safer, resulting in stronger banks but limited euro area cross-border integration. To attain the strong and integrated financial system Europe needs going forward, BU authorities must now broaden their focus, promoting cross-border banking by removing legislative barriers that prevent or discourage it. That goal requires reducing overbanking and limiting the national authorities’ regulatory power further. It also necessitates a Capital Markets Union (CMU) under a unified supervisory control. We argue that BU and CMU are complements in a strong and integrated European financial system, and that a successful launch of CMU presupposes progress towards an integrated BU.

    MIL OSI Europe News –

  • MIL-OSI Translation: 03/10/2024 Conference on the occasion of the 30th anniversary of the Accounting Act

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    On October 3, 2024, a conference dedicated to the 30th anniversary of the adoption of the Accounting Act was held at the Ministry of Finance. During the event, the Minister of Finance presented the “Meritorious for Public Finances” distinctions. Andrzej Domański recalled that the Accounting Act was one of the first Polish legal acts consistent with European Union directives. Opening the conference, the Minister of Finance recalled that work on the Accounting Act was initiated in the Ministry of Finance, but it was thanks to the hard work and commitment of many people outside the ministry that the Accounting Act had a chance to be created and developed into a modern law, keeping up with the needs of various stakeholder groups. As he added, the creation and adoption of the Act at that time would not have been possible without the support of the accounting community, auditors, people involved in the development of the capital market and the scientific community. The Minister emphasized that the Accounting Act was one of the first Polish legal acts consistent with European Union directives. The essence of the changes was to abandon the detailed standards and instructions used in the previous system, in favor of entrusting accountants with the right to act independently, based on general principles and their professional knowledge and experience. Andrzej Domański also mentioned the projects currently being implemented in the Ministry of Finance in the field of accounting, including work aimed at implementing the so-called CSRD directive, systemic solutions in public accounting, or a project adapting the provisions of the Accounting Act to current legal and economic practice and technological progress. The Minister of Finance thanked the conference participants for their contribution to the development of this field, both in terms of creating law, as well as its explanation and application in practice. During the conference, Andrzej Domański presented the distinctions “Meritorious for Public Finances” to people who created the foundations of regulations in the area of accounting and took care of the development of balance sheet law. The distinctions were awarded to: Dr. Zdzisław Fedak – co-creator of the foundations of many institutions related to accounting in Poland, including the team at the Ministry of Finance dealing with legal regulations in the field of accounting and financial auditing. He participated in the creation of subsequent regulations in the field of accounting, including the Accounting Act of 1994, as editor-in-chief of the monthly “Rachunkowość”, and then also as a member of the Standards Committee. Prof. Gertruda Świderska – creator and head of the Department of Managerial Accounting at the Warsaw School of Economics in the years 1992-2018. Advisor to the Minister of Finance in the years 1992-1996, who was a member of the team creating the Accounting Act. Dr. Danuta Krzywda – co-author of the draft Accounting Act, former member of the Scientific Council of the Association of Accountants in Poland and the National Council of Statutory Auditors, representative of the KRBR in consultations with the Sejm Finance Committee on the amendment to the Accounting Act in 2000. Dr. hab. Radosław Ignatowski, prof. UŁ – member of the team creating the Accounting Act, creator of the then innovative regulations on the consolidation of financial statements, long-time member of the Accounting Standards Committee. The second part of the conference devoted to the future of accounting regulations was opened by Dr. hab. Jacek Jastrzębski, prof. Universidad de Washington, Chairman of the Polish Financial Supervision Authority. He drew attention to the importance of accounting for stakeholders, including the PFSA, the dynamics of changes in the financial and capital markets, and presented proposals for issues to be taken into account in the further development of accounting regulations. The conference was attended by representatives of institutions associating individual stakeholder groups: accountants, auditors, tax advisors, entrepreneurs, financial institutions, supervisory institutions, administration and the scientific community.

    MILES AXIS

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

    MIL Translation OSI

  • MIL-OSI USA: A Proclamation on National Manufacturing Day,  2024

    US Senate News:

    Source: The White House
        American workers and the unions who fight for them represent the best of our country.  They help power our economy and strengthen our middle class.  On National Manufacturing Day, we celebrate the ingenuity, grit, drive, and determination of the American worker.  We thank them for their contributions, and we recommit to investing in their productivity and success.
         There have always been competing visions for the future of America.  Some envision a future in which the failed trickle-down policies that hurt working families for more than 40 years are continued.  When I think about our future, I see an America where we grow the economy from the middle out and the bottom up — not the top down.  I see an America where working people finally have a fair shot.  Above all, I see a future that is made right here in America. 
         That is why my Administration has invested in American manufacturing to restore the backbone of our Nation:  the middle class.  Together, we are doing what has always worked best in this country — investing in all of America and in all Americans.  My Investing in America agenda — including my Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act — is revitalizing American manufacturing.  So far, we have attracted over $910 billion in private sector investment in manufacturing and clean energy nationwide and seen spending on factory construction soar to new records, roughly triple the pre-pandemic average.  These investments are helping create hundreds of thousands of jobs — including over 700,000 manufacturing jobs — building new semiconductor fabs, electric vehicle and battery factories, and so much more, here in America.  And we are working with employers, unions, community colleges, high schools, and other partners to ensure American workers are trained for the good manufacturing jobs we are generating.
         We have also made sure that Federal funds support American manufacturing.  “Buy American” has been the law of the land since the 1930s.  Past administrations said a lot but did not do a lot.  On my watch, Federal projects have been made with American products and built by American workers.  I fought for the passage of the “Build America, Buy America Act,” which established domestic content preferences in Federal infrastructure spending, as part of the Bipartisan Infrastructure Law.  I signed the “Federal Research and Development in Support of Domestic Manufacturing and United States Jobs” Executive Order, directing Federal agencies to prioritize domestic manufacturing when it comes to research, development, innovation, and bringing inventions to market.  My Administration also made the strongest changes to Buy American rules in nearly seven decades by increasing the domestic content threshold for Federal procurement from 55 percent to 65 percent in 2024.  I also announced new requirements for lumber, glass, fiber optic cables, and other construction materials used in Federal infrastructure projects to be made in America.  And we will keep working to ensure that American taxpayer dollars are invested in American workers.
         Growing up in Scranton, Pennsylvania, I learned a basic value set — money does not determine your worth, and all anyone wants is a fair shot.  When I look at the economy, I see it through the eyes of Scranton.  That is why I came into office determined to write a new chapter in our American comeback story — one where we can take pride in knowing that we can still get big things done in this great Nation. 
         During National Manufacturing Day, may we rededicate ourselves to writing that story by making the phrase “Made in America” not just a slogan but a reality.
         NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim October 4, 2024, as National Manufacturing Day.  I thank our manufacturing workers for all that they do to strengthen our Nation, encourage all Americans to look for ways to get involved in their communities, and call on everyone to join me in participating in National Manufacturing Day and, most importantly, buying American.
         IN WITNESS WHEREOF, I have hereunto set my hand this third day of October, in the year of our Lord two thousand twenty-four, and of the Independence of the United States of America the two hundred and forty-ninth.
                                  JOSEPH R. BIDEN JR.

    MIL OSI USA News –

  • MIL-OSI USA: Grassley, Hyde-Smith: Targeted Program Offers Rural Hospitals Financial ‘Shot in the Arm,’ but CMS Isn’t Maximizing It

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sens. Chuck Grassley (R-Iowa) and Cindy Hyde-Smith (R-Miss.) are pressing Centers for Medicare & Medicaid Services (CMS) on its refusal to use the budget-neutral Rural Community Hospital Demonstration (RCHD), despite the program’s proven efficacy for participating rural hospitals and qualifying facilities’ interest in joining. 
    “CMS last solicited program applications in 2017 and has communicated to us that the agency is not planning any further solicitations. Current law allows up to 30 hospitals to participate in the RCHD, but for the past several years CMS has underutilized the program, leaving as many as eight spots vacant,” the senators wrote CMS Administrator Brooks-LaSure.
    “A 2022 evaluation report found that new hospitals participating in the RCHD program saw their finances stabilize. The evaluation noted that hospitals joining the program saw a ‘large, positive, and statistically significant increases in their Medicare inpatient and combined margins.’ Rural stakeholders have called the RCHD a ‘lifeline’ and that has enabled struggling hospitals to expand health care services to seniors,” they continued. “The RCHD program is supporting rural hospitals and it should be fully utilized. If CMS has the tools to help one rural hospital, then you should be doing something about it.”
    Read Grassley and Hyde-Smith’s full letter HERE. 
    Background: 
    The RCHD program improves financial viability for hospitals that are too large to be Critical Access Hospitals and too small to succeed under Medicare’s hospital inpatient prospective payment system. Congress established the RCHD in 2003 and has reauthorized it three times since. 
    Grassley’s RCHD Efforts: 
    Grassley is a lifelong resident of rural Iowa who, through his membership and leadership on the Senate Finance Committee, consistently works to improve patients’ access to care and ensure their hospitals stay open, regardless of where they’re located. 
    Last year, Grassley secured a commitment from Health and Human Services Secretary Xavier Becerra that his agency would “do more” to support rural hospitals in need. Grassley followed up shortly after, urging CMS to open RCHD spots. At Grassley’s request, CMS spoke with Iowa facilities looking to participate in the RCHD program. However, after months sans action, Grassley at a March hearing questioned Secretary Becerra about his failure to fill program openings, asserting the agency should be wielding every tool in the toolbox to help rural hospitals.
    -30-

    MIL OSI USA News –

  • MIL-OSI USA: Cortez Masto, Colleagues Introduce Resolution to Recognize Latina Equal Pay Day

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto
    Washington, D.C. – Today, Senator Catherine Cortez Masto (D-Nev.) introduced a resolution to mark Latina Equal Pay Day and recognize its larger impact on women, families, and the economy. The resolution was also introduced in the House of Representatives by Representatives Teresa Leger Fernández (D-N.M.-03) and Nanette Diaz Barragán (D-Calif.-44).
    “Overall, working Latinas are still being paid far less than their male counterparts—and it’s time we close the pay gap,” said Senator Cortez Masto. “I’m proud to introduce this bicameral resolution to recognize Latina Equal Pay Day and underscore the power Latinas bring to our economy. I’ll continue working to make sure that every woman in Nevada—regardless of her background—receives equal pay for equal work.”
    More than 60 years after the passage of the Equal Pay Act of 1963, all Latinas with reported earnings in 2023 were paid just 51 cents for every dollar paid to white, non-Hispanic men.
    Read the full resolution text here. 
    A third generation Nevadan, U.S. Senator Catherine Cortez Masto is the first and only Latina in the U.S. Senate and the highest ranking Hispanic Senator in the Democratic Caucus. She passed a bipartisan resolution recognizing Hispanic Heritage Month in the Senate this year. She helped create a new series of commemorative circulating coins highlighting remarkable American women trailblazers in the U.S.—including Latinas like Celia Cruz, Nina Otero-Warren, and Jovita Idar. She’s leading the charge in the Senate to build the National Museum of the American Latino on the National Mall, and she’s working to pass the Paycheck Fairness Act to close the gender wage gap.

    MIL OSI USA News –

  • MIL-OSI USA: Heinrich, Luján, Vasquez Welcome Infrastructure Law Investment in Southline Transmission Project in Southern New Mexico

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)
    ALBUQUERQUE, N.M. — U.S. Senator Martin Heinrich (D-N.M.), a member of the Senate Energy and Natural Resources Committee and the co-founder and co-chair of the Electrification Caucus, U.S. Senator Ben Ray Luján (D-N.M.), and U.S. Representative Gabe Vasquez (D-N.M.)  welcomed the U.S. Department of Energy’s (DOE) announcement that its Grid Deployment Office (GDO) is investing $1.5 billion for five electric transmission projects— including the Southline Transmission Project in southern New Mexico.  
    The funding will come from the Grid Deployment Office’s (GDO) Transmission Facilitation Program (TFP), a revolving fund program established by the Infrastructure Law that Heinrich, Luján, and Democrats in the New Mexico Congressional Delegation championed into law. The TFP helps overcome the financial hurdles facing transmission development through a number of innovative financing mechanisms. 
    “The investments that we unlocked through our Infrastructure Law and the Inflation Reduction Act are solidifying New Mexico’s leadership in building a cleaner, healthier, and more affordable energy future,” said Heinrich. “High-voltage transmission projects like Southline will be the backbone of our clean energy transition, delivering carbon-free power generated in New Mexico to market. They will also create high-quality careers that New Mexicans can build their families around, in their home communities. To get more transmission projects like Southline and SunZia built faster so we can connect more large-scale clean energy and storage projects onto the grid, it’s critical that Congress pass transmission permitting reform. I will continue pressing leaders from both parties to pass legislation to get that done.” 
    “Investing in transmission projects is critical to deliver reliable, affordable, clean energy to communities across New Mexico,” said Luján. “This investment in the second phase of the transformative Southline project will help boost our power grid, bring good-paying clean energy jobs to our state, and lower energy costs for New Mexicans and residents in the Southwest. I’m proud to have helped secure this federal investment through the Bipartisan Infrastructure Law, and I will continue to unlock federal resources to advance clean energy projects across our state.” 
    “From my first day in office, I have worked to support generational projects like Southline that realize New Mexico’s potential to help power our clean energy future. This investment from the Bipartisan Infrastructure Law will connect high voltage transmission from Las Cruces through Hidalgo County, opening up incredible potential for renewable energy development in our district,” said Vasquez. “I will always work to bring transformational investments to our district that help provide good, high paying jobs for our rural communities.” 
    With this funding, Southline will construct the second phase of its project: a new 108-mile, 345 kV high-voltage alternating current line that will deliver 1,000 MW of new, bidirectional capacity between Hidalgo County, New Mexico and Las Cruces, New Mexico.  
    Heinrich previously welcomed DOE funding for the first phase of the Southline Project, which included a 175-mile, 748 MW transmission line from Hidalgo County, New Mexico, to Pima County, Arizona, that will help unlock renewable energy development in southern New Mexico and deliver diverse sources of clean energy to growing markets in Arizona. Southline Phase 2 will add much-needed transmission capacity across the American Southwest, which is grappling with extensive power demands driven by residential, commercial, and industrial activity. 
    In August, Heinrich, Luján, and Vasquez also welcomed $1.8 million from DOE for the City of Lordsburg. As a community hosting the Southline Transmission Project, the City will launch the Lordsburg Revitalization Project, a comprehensive investment to renovate downtown Lordsburg and bolster economic development; create opportunities for small businesses; and catalyze job growth. This grant was made possible through the Inflation Reduction Act, which was passed by Democrats in the N.M. Delegation, and is funded through DOE’s Transmission Siting and Economic Development Grant Program, a new initiative designed to overcome state and local challenges to expanding transmission capacity while also supporting communities along major new and upgraded lines. 

    MIL OSI USA News –

  • MIL-OSI USA: Heinrich, Luján Introduce Resolution Recognizing Latina Equal Pay Day

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)
    ALBUQUERQUE, N.M. — To celebrate Latina Equal Pay Day today, U.S. Senators Martin Heinrich (D-N.M.) and Ben Ray Luján (D-N.M.) introduced a Senate resolution recognizing October 3, 2024, as Latina Equal Pay Day.  
    More than 50 years after the passage of the Equal Pay Act of 1963, Latinas make up the second largest group of women workers in the U.S—yet they are paid 57 cents for every dollar paid to white men, losing over $1,200,000 in potential earnings over a 40 year career. This resolution recognizes the disparity in wages paid to Latina women and reaffirms support to ensure equal pay for equal work and close the gender pay gap.
    “From driving small business growth to leading labor movements, Latinas have grown and transformed our economy and workplaces for the better. On Latina Equal Pay Day, we honor their remarkable accomplishments and contributions, while recognizing the ongoing work needed to achieve equal pay for equal work,” said Heinrich. “This day and every day, I remain committed to fighting for a fair economy for all New Mexicans, raising the minimum wage, and expanding opportunities for a brighter future.”
    “Throughout history, Latinas have helped propel our economy and have long contributed to the fabric of America,” said Luján. “Despite their contributions to building our country, their pay has not been reflective of their work. Today, on Latina Equal Pay Day, I’m proud to partner with Senator Heinrich to introduce this resolution to recognize the contributions of Latinas and highlight the ongoing fight for equal pay for equal work. I will continue to fight for workers across New Mexico and the country to secure equal pay for equal work and close the gender pay gap once and for all.”
    The resolution is led by U.S. Senator Catherine Cortez Masto (D-Nev.). Alongside Heinrich and Luján, the resolution is cosponsored by U.S. Senators Jacky Rosen (D-Nev.), Alex Padilla (D-Calif.)., Bernie Sanders (I-Vt.), Sherrod Brown (D-Ohio), Richard Blumenthal (D-Conn.), John Hickenlooper (D-Colo.), John Fetterman (D-Pa.), Chris Van Hollen (D-Md.), Elizabeth Warren (D-Mass.), Cory Booker (D-N.J.), Laphonza Butler (D-Calif.), Patty Murray (D-Wash.), Michael Bennet (D-Colo.), Tammy Duckworth (D-Illi.), Amy Klobuchar (D-M.N.), Ed Markey (D-Mass.), Tim Kaine (D-Va.), Dick Durbin (D-Ill.), George Helmy (D-N.J.), Ron Wyden (D-Ore.), Mazie Hirono (D-Hawaii), Sheldon Whitehouse (D-R.I.), and Mark Kelly (D-Ariz.). The companion resolution is led in the House by U.S. Representative Teresa Leger Fernández (D-N.M.).

    MIL OSI USA News –

  • MIL-OSI USA: Leger Fernández, Cortez Masto, Barragán Introduce Resolution to Recognize Latina Equal Pay Day

    Source: United States House of Representatives – Congresswoman Teresa Leger Fernández (D-NM)

    WASHINGTON – Today, Congresswoman Teresa Leger Fernández (D-NM), Senator Catherine Cortez Masto (D-NV), and Congresswoman Nanette Diaz Barragán (D-CA)  announced the introduction of the Latina Equal Pay Day Resolution to recognize the disparity in wages paid to Latinas, the significance of equal pay, and its larger impact on women, families, and the economy. 

    “Mis hermanas y yo decidimos que ya basta! We introduced the bicameral Latina Equal Pay Day Resolution to recognize the unequal and unfair treatment of women in the workforce, especially Latinas, who are undervalued and underpaid—earning only 51 cents to an average male worker,” said Congresswoman Leger Fernández. “Latinas play a huge role in our economy, especially our care economy. But our contributions are not valued, and our value is not paid. Today, we recommit to closing the gender and racial wage gap. Latinas deserve equal pay NOW.” 

    “Overall, working Latinas are still being paid far less than their male counterparts—and it’s time we close the pay gap,” said Senator Cortez Masto. “I’m proud to introduce this bicameral resolution to recognize Latina Equal Pay Day and underscore the power Latinas bring to our economy. I’ll continue working to make sure that every woman in Nevada—regardless of her background—receives equal pay for equal work.”

    “Pay disparities experienced by women, and especially Latinas and women of color, show that the contributions we make to society are consistently undervalued,” said Congresswoman Barragán. “In many Latina families, the women of the family are the sole economic providers. It takes several additional months for a Latina woman to make the equivalent of a white man – which puts them behind in their pursuit of their American Dream. I am proud to lead on this resolution that reaffirms Congress’ commitment to closing the pay gap. Ha llegado el momento de que las latinas reciban igualdad de salarios!”

    More than 60 years after the passage of the Equal Pay Act of 1963, all Latinas with reported earnings in 2023 were paid just 51 cents for every dollar paid to white, non-Hispanic men. That is one cent less than last year. Latinas who work full-time, year-round are paid only 58 cents for every dollar paid to white, non-Hispanic men. On Latina Equal Pay Day, we recognize the pay gap between Latinas and White non-Hispanic men in the previous calendar year. 

    The resolution is led in the Senate by Senator Cortez Masto (D-NV) and co-led in the House by Nanette Diaz Barragán and co-sponsored by Andrea Salinas (D-OR-06), Joaquin Castro (D-TX-20), Sylvia R. Garcia (D-TX-29), Yadira Caraveo (D-CO-08), Lloyd Doggett (D-TX-37), Linda Sanchez (D-CA-38), Jesús “Chuy” García (D-IL-04), Juan Vargas (D-CA-52), Kathy Castor (D-FL-14), Jim Costa (D-CA-21), Veronica Escobar (D-TX-16), Eleanor Holmes Norton (D-DC), Katie Porter (D-CA-47), Suzanne Bonamici (D-OR-01), Adriano Espaillat (D-NY-13), Judy Chu (D-CA-28), Salud Carbajal (D-CA-24), Emanuel Cleaver II (D-MO-05), Rosa DeLauro (D-CT-03), Raul Ruiz (D-CA-36), Delia Ramirez (D-IL-03), André Carson (D-IN-07), Jimmy Gomez (D-CA-34), Rashida Tlaib (D-MI-12), Alma Adams (D-NC-12), Tony Cárdenas (D-CA-29), J. Luis Correa (D-CA-46), Josh Gottheimer (D-NJ-05), Greg Casar (D-TX-35).

    The resolution is endorsed by the Congressional Hispanic Caucus and supported by 26 organizations, including Equal Rights Advocates & Equal Pay Today, Michigan Pay Equity Network, Labor Council for Latin American Advancement, Justice for Migrant Women, Latina Coalition of Silicon Valley, MomsRising/MamásConPoder, AnitaB.org, National Partnership for Women & Families, National Women’s Law Center, Women Employed, MANA, A National Latina Organization, UnidosUS, Women’s Law Project, National Hispanic Council on Aging, SER National Inc., National Council of Jewish Women, Family Values @ Work, Congressional Hispanic Caucus Institute (CHCI), Esperanza United, Hispanic National Bar Association, Hispanics in Philanthropy, Methodist Federation for Social Action, National Education Association, PowHer New York, Latinas in Healthcare, National Alliance to End Sexual Violence.

    “Thank you to Senator Cortez Masto and Representatives Leger Fernández and Barragán for their leadership in Congress working to close the pay gap. This Latina Equal Pay Day, we are honoring Latina leaders in the labor movement and across sectors to amplify the incredible ways that Latinas make change in our communities. We also continue to advocate for the passage of the Paycheck Fairness Act and BE HEARD in the Workplace Act to create more economically secure and safer workplaces,” said Mónica Ramírez, President and Founder, Justice for Migrant Women.

    “As a Latina, mother, grandmother, and lifelong advocate for workers, I’ve witnessed Latinas take on incredible sacrifices to progress in this country, but it is our role as advocates to ensure that Latina’s wages do not continue to be sacrificed. Today, in 2024, Latinas face a staggering wage gap that continues to undermine our contributions and hold our community back. While unions have been instrumental in securing higher wages and vital protections for unionized Latinas, a wage gap still persists even among unionized Latinas. Our work won’t end until every Latina—and every woman—is valued equally for her labor. We must demand action now. Support the Paycheck Fairness Act and the BE HEARD Act—two essential pieces of legislation to combat pay discrimination and workplace violence. Our fight is about more than wages; it’s about dignity, respect, and the fundamental principle of equality that our country is founded upon,” said Evelyn DeJesus, National President, Labor Council for Latin American Advancement and Executive Vice President, American Federation of Teachers.

    “Equal Pay Today, a nationwide pay equity coalition of over 45 state and national organizations, applauds Congresswomen Leger Fernández and Barragán and Senator Cortez Masto for introducing this Latina Equal Pay Day Resolution. While Latinas are the backbone of our economy, leaders, entrepreneurs, and the second-largest group of women workers in the United States, they suffer from egregious pay gaps, ongoing workplace harassment, and continued segregation into low paid work and workplaces that lack paid leave and benefits. This resolution recognizes that true pay equity requires an intersectional approach to address gender and race-based discrimination and galvanizes our collective support to address the injustices which impact Latinas, their families, and our economy,” said Deborah J. Vagins, Director of Equal Pay Today with Equal Rights Advocates.

    “We are grateful to Congresswomen Leger Fernández and Barragán and Senator Cortez Masto for calling attention to the ongoing and egregious wage gaps experienced by Latinas. The median annual pay for all Latinas is less than an appalling $27,000 a year, plunging a working mother of two in poverty. Over her lifetime, a Latina is robbed of over a million dollars in wages. This travesty must end. We are proud to join the Members of Congress and partner organizations who support this resolution and who are working together on common sense workplace protections and benefits to end this economic injustice for Latinas,”said Noreen Farrell, Executive Director of Equal Rights Advocates & Chair of Equal Pay Today.

    MIL OSI USA News –