Category: Economy

  • MIL-Evening Report: Humanity needs more rare earth elements. Extinct volcanoes could be a rich new source

    Source: The Conversation (Au and NZ) – By Michael Anenburg, Research Fellow in Earth Sciences, Australian National University

    Phawat/Shutterstock

    Extinct volcanoes are hard to study – we never see them erupt. Using a unique experimental technique, we were able to recreate a certain type of extinct volcano in a lab, learning more about the magma these volcanoes produce.

    We found that some rare magma types are surprisingly efficient at concentrating rare earth elements. This is a group of metals with crucial applications in several high-tech industries, such as magnets for electric vehicles and wind turbines.

    Demand for rare earths is soaring as society moves away from fossil fuels and electrifies energy production and transport. Despite the name, rare earths aren’t particularly rare. The biggest challenge is finding rocks in which these metals are concentrated enough to be economically viable to extract.

    Our new research, published in the journal Geochemical Perspectives Letters, shows certain extinct volcanoes are a great place to look.

    Iron-rich magma in extinct volcanoes

    There is an enigmatic type of magma that contains unusually large amounts of iron. It is so rare, no eruptions featuring this type of magma have happened in recorded history.

    Instead, it is only known from extinct volcanoes that were active many millions of years ago.

    The most famous example of such a volcano is El Laco in Chile. Another notable example is Kiruna in Sweden, mined for iron ore for many decades. Last year, its operating company LKAB announced Kiruna as the largest rare earths resource in Europe.

    The discovery at Kiruna made us (and many others) wonder why there would be a rare earth resource at a volcanic iron mine. We already know of many other rock types containing rare earths, and none of them are like Kiruna and other extinct iron-rich volcanoes.

    Was this just a geological serendipity, or is there something inherent to iron-rich magmas that make them rare-earth rich, too? After all, many of those iron-rich extinct volcanoes are known, but no one ever bothered to check whether they have a rare earth resource in them.

    Additionally, iron-rich rocks are often easy to find because of their strong magnetic signal, despite their rarity. Should they be added to the target list of rare earth explorers?

    Recreating volcanism in a bottle

    To test this hypothesis, we used a machine called a piston cylinder. We put synthetic material akin to volcanic rocks and magmas into small capsules or “bottles” made of noble metals such as platinum. We then pressurised them to depths equivalent to 15 kilometres deep in Earth’s crust and heated them up to 1,100°C, melting them into a liquid.

    At these extreme conditions, we found the iron-rich magma exists as bubbles inside a more common magma type known from virtually all modern active volcanoes. The iron-rich magma absorbs rare earths from the surrounding liquid.

    These iron-rich bubbles will have a different density and viscosity, and will separate from their iron-poor environment, similar to how water and oil mixed together will eventually separate into distinct layers.

    Iron-rich magmas absorb the rare earths so efficiently, their rare earth contents are almost 200 times greater than the regular magmas around them.

    This means the discovery at Kiruna wasn’t an accident. It’s something we can expect from most, if not all, iron-rich volcanoes.

    An experimental platinum capsule (4 mm in length) containing round bubbles of iron-rich and iron-poor magma. The capsule also contains abundant iron oxide crystals in light grey and blue, similar to the material making the iron ore in active mines.
    Shengchao Yan

    Why do we need more rare earth deposits?

    Production of rare earth elements is concentrated in just a handful of countries – mostly China, along with the United States, Myanmar and Australia.

    Rare earths are therefore classified as “critical minerals”: they have important uses, but suffer from a supply chain risk due to geopolitical factors.

    As demand for rare earths has surged, this has led to substantial investment in research and exploration for additional deposits. The more deposits are known, the better industry can pick deposits that will yield rare earths at the lowest financial, environmental and societal cost.

    Extinct iron-rich volcanoes are often mined for iron ore. Our results indicate existing mines at such locations can potentially be modified to produce rare earths as well.

    This would be a positive outcome – an existing mining operation can gain additional value. In some cases, mine waste can be reprocessed to extract these critical metals. This would mean new mines for rare earth elements may not even be required, preventing unnecessary disruption of natural environments.

    Michael Anenburg receives funding from the Australian Research Council for an Industry Fellowship co-funded by BHP Olympic Dam.

    ref. Humanity needs more rare earth elements. Extinct volcanoes could be a rich new source – https://theconversation.com/humanity-needs-more-rare-earth-elements-extinct-volcanoes-could-be-a-rich-new-source-239410

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: 09.24.2024 Sens. Cruz, Heinrich Introduce Bipartisan Bill Supporting Nuclear Fuel Recycling

    US Senate News:

    Source: United States Senator for Texas Ted Cruz

    WASHINGTON, D.C. – U.S. Sens. Ted Cruz (R-Texas) and Martin Heinrich (D-N.M.) today introduced The Advancing Research in Nuclear Fuel Recycling Act. The bill requires the U.S. Department of Energy (DOE) and the National Academy of Science to create an independent committee of experts to study recycling the country’s spent nuclear fuel. The DOE-commissioned study would evaluate the cost, benefits, and risks of recycling our spent nuclear fuel compared to the status quo of interim storage. Domestic recycling has the potential to reduce the amount of storage we need for spent nuclear fuel, reduce our dependence on nuclear fuel imported from hostile nations like Russia, and provide another supply of rare elements and isotopes used for certain medicines and advanced technologies.
    Upon introduction, Sen. Cruz said, “No individual state should be responsible for bearing the brunt of nuclear waste accumulation. In order to advance American energy, we need to find ways to maximize our cleanest baseload energy source.  I am proud to work with Sen. Heinrich on this bipartisan legislation to study how new technologies can harness the full potential of recycled nuclear energy. Innovation is key to making America energy dominant.”
    Sen. Heinrich said, “We need to find ways to provide clean and reliable energy for all Americans. This bill will help identify safe and secure methods of recycling our spent nuclear fuel, which can increase domestic clean energy resources, lower costs, and deliver good-paying jobs for Americans.”
    Ed McGinnis, CEO, Curio said, “We commend Senators Cruz and Heinrich for their forward-thinking leadership in the Advancing Research in Nuclear Fuel Recycling Act of 2024. Their dedication underscores the critical importance of nuclear waste recycling in unlocking America’s energy independence and ensuring a sustainable future. By embracing innovative solutions and bridging the gap between technology and policy, we pave the way towards a more environmentally sustainable and economically robust U.S. nuclear sector. Together, we can harness the full potential of nuclear energy while finding a permanent solution to nuclear waste.”
    Jacob DeWitte, Co-Founder and CEO, Oklo said, “Oklo greatly appreciates the interest and support Congress has expressed for commercial recycling of used nuclear fuel. This legislation will help outline benefits and potential policy opportunities, while Oklo continues to deploy its own recycling program for the purpose of supplying fuel for our Aurora powerhouses.”
    Doug True, Senior Vice President and Chief Nuclear Officer, Nuclear Energy Institute said, “The U.S. nuclear industry supports efforts by Congress to advance used nuclear fuel recycling for its potential to enhance the sustainability and economics of existing and advanced reactors, to improve U.S. energy security, and to convert used fuel into waste forms that can be more easily disposed of in a permanent geologic repository.”
    Read the full text of the bill.
    BACKGROUND

    There are over 90,000 metric tons of spent nuclear fuel from commercial nuclear power plants within the United States and that number continues to grow by 2,000 metric tons each year.
    There are over 70 sites within the U.S. where nuclear waste is currently stored. 20 of those sites lack an operational nuclear reactor and are considered shut down.
    World powers such as France, the UK, and Japan currently recycle their spent nuclear fuel. Meanwhile, the U.S. employs a “one-time-through” fuel life cycle because of a since-rescinded executive order from President Carter that prohibited the recycling of nuclear fuel.

    MIL OSI USA News

  • MIL-OSI Canada: Supporting innovation and growth in rural Alberta

    Source: Government of Canada regional news

    Indigenous and small communities are vital to Alberta and its long-term economic prosperity. In December 2022, Alberta’s government recognized the importance of these communities by releasing its Economic Development in Rural Alberta Plan.

    Alberta’s government is investing in the second round of grants through the Small Community Opportunity Program to further implement this plan. Grant funding through the program will support Indigenous and small communities and help rural Alberta grow its economic footprint. In 2023, the program awarded grants between $20,000 and $100,000 for 43 community-led projects that build capacity in agriculture, small business supports and local economic development.

    “The Small Community Opportunity Program continues to provide financial backing for Indigenous and small communities to tackle challenges and tap into opportunities to grow their local economic footprint. By building capacity in small businesses and the agriculture industry, these rural communities will have a strong foundation to grow and thrive.”

    RJ Sigurdson, Minister of Agriculture and Irrigation

    To be eligible for funding, projects must align with the Economic Development in Rural Alberta Plan and build entrepreneurship, mentorship and skills development, small business supports and/or partnerships, as well as interconnectivity and collaboration within the local community.

    Eligible organizations can apply for grants between $20,000 and $100,000 for local, community-led projects. Non-profit organizations may collaborate with Indigenous and small communities, or communities may work together or independently on projects that drive innovation and achieve sustainable growth and diversification. Projects must be completed within two years and have a measurable impact supporting, improving or enhancing rural and Indigenous communities, local economic development and/or the agriculture industry.

    The Small Community Opportunity Program will open for applications September 24.

    Application criteria

    • Small Community Opportunity Program projects must align with one or more of the following Economic Development in Rural Alberta Plan strategic directions:
      • Rural business supports and entrepreneurship
      • Support for labour force and skills development
      • Marketing and promoting rural tourism
      • Rural economic development capacity building
    • Applicants must be an incorporated non-profit organization in a rural community or a rural or Indigenous community. The Economic Development in Rural Alberta Plan identifies rural communities as those that:
      • Have a population of fewer than 20,000
      • Are removed from communities larger than 25,000 people that could provide employment and services
      • Are remote communities or communities that have within them, or are surrounded by, a significant amount of nature, natural resources, agricultural land and wilderness areas
      • Have a workforce largely focused on primary economic activity, including oil and gas, agriculture and forestry

    Quick facts

    • The Economic Development in Rural Alberta Plan has strategic directions with corresponding initiatives and actions to ensure rural Albertans and Indigenous communities have economic opportunities where they live.
    • The Small Community Opportunity Program is made possible through Budget 2023 to provide up to $3 million per year in 2023-24 and 2024-25.
    • Albertans can learn more about the program through webinars hosted by the following organizations in October:
      • Rural Municipalities of Alberta
      • Economic Developers Alberta
      • Alberta Municipalities

    Related information

    • Small Community Opportunity Program
    • Rural economic development
    • Small Community Opportunity Program 2023-24 Grant Recipients
    • Northern and Regional Economic Development Program

    Related News

    • Strengthening rural Alberta (Nov. 9, 2023)
    • Maximizing opportunities in rural communities (Jun. 10, 2024)

    MIL OSI Canada News

  • MIL-OSI USA: Administrator Samantha Power’s First Day at the UN General Assembly High-Level Week

    Source: USAID

    The following is attributable to Spokesperson Benjamin Suarato:

    Today, Administrator Power arrived in New York today for the UN General Assembly High Level Week. She first met with Saudi Arabia’s Dr. Abdullah Al Rabeeah, Royal Court Adviser and Supervisor General of the King Salman Humanitarian Aid and Relief Center, to discuss areas for potential collaboration and ongoing humanitarian responses in Sudan, Gaza, and Ukraine.

    Joined by First Lady Dr. Jill Biden, Administrator Power and UNICEF Executive Director Catherine Russell co-hosted the official launch of the Partnership for a Lead-Free Future, a first of its kind coalition to end childhood lead poisoning in developing countries by 2040. The launch event included an announcement of more than $150 million in donor commitments, ten times the amount that is spent each year tackling this problem, with 26 countries and 38 partner organizations joining the coalition.

    Administrator Power also participated in a roundtable hosted by President of Ukraine Volodymyr Zelenskyy, Bank of America, and the U.S. Chamber of Commerce. Alongside U.S. Deputy Secretary of State Rich Verma and CEOs from major energy, finance, and insurance firms, Administrator Power discussed how USAID, other U.S. government agencies, and private sector actors are helping to address immediate needs and future opportunities in Ukraine’s energy sector and broader economy.

    MIL OSI USA News

  • MIL-OSI USA: NEWS RELEASE: DLIR Announces 2024 Workforce Development Heroes

    Source: US State of Hawaii

    NEWS RELEASE: DLIR Announces 2024 Workforce Development Heroes

    Posted on Sep 24, 2024 in Latest Department News, Newsroom

    DEPARTMENT OF LABOR AND INDUSTRIAL RELATIONS

    KA ʻOIHANA PONO LIMAHANA

     

    JOSH GREEN, M.D.

    GOVERNOR

    KE KIAʻĀINA

     

    JADE T. BUTAY

    DIRECTOR

    KA LUNA HOʻOKELE

     

    FOR IMMEDIATE RELEASE

    September 24, 2024

    DLIR Announces 2024 Workforce Development Heroes

    HONOLULU — The Hawaiʻi State Department of Labor and Industrial Relations (DLIR) today announced the recipients of the second annual Workforce Development Hero Awards, which recognize outstanding individuals and organizations. September is Workforce Development Month, a time to honor workforce development leaders and staff across Hawaiʻi, as well as draw attention to the resources available to those looking for work, wanting to prepare for in-demand employment or exploring their career options.

    “Ensuring that businesses have access to skilled workers, while helping job seekers find meaningful employment, is essential to equipping both local businesses and workers with the talent and expertise needed to thrive as Hawaiʻi’s economy evolves,” said DLIR Director Jade T. Butay.

    The Workforce Development Hero Awards honor key contributors to workforce excellence across the islands, acknowledging their dedication and innovation in advancing employment opportunities and skill development in Hawaiʻi. The awards drew nominations from across the state, showcasing the vast range of individuals and institutions working toward strengthening Hawaiʻi’s workforce.

    2024 Workforce Development Hero Award Winners:

    • Oʻahu: Lord Ryan Lizardo, Chamber of Commerce Hawaii and Ariel Villanueva, Ewa Makai Middle School
    • Maui: Nicolette van Der Lee, University of Hawaiʻi, Maui Campus
    • Kauaʻi: Kaina Makua, Kumanu I Ke Ala
    • Hawaiʻi Island: Kevin Aki, County of Hawaiʻi
    • Legislator of the Year: Sen. Donovan M. Dela Cruz
    • Lifetime Achievement Award: David Lassner, President, University of Hawaiʻi

    “Each of this year’s Workforce Development Heroes has gone above and beyond in creating pathways to opportunity,” said the Workforce Development Council Executive Director Bennette Misalucha. “Their efforts have empowered individuals, strengthened communities, and contributed to the overall resilience and competitiveness of Hawaiʻi’s workforce.”

    The Workforce Development Hero finalists include Michael Cardenas, MC3 Technologies, Katie Hokama, Hilo Benioff Medical Center, Tracey Kaneshige, Workforce Development Division, DLIR, Joy Korkowski, Kaiser Permanente, Diane Oda, Workforce Development Division, DLIR, Constancio Paranal III, Department of Economic Revitalization, City and County of Honolulu, Erick Pascua, Workforce Development Division, DLIR, Jenna Silifaiva, County of Maui, Jeffrey Tom, WorkHawaiʻi Job Readiness Program, Deborah Uemura (Nakashima), Hawaiʻi National Guard Work for Warriors Program, Bridget Orsatelli, ʻŌmaʻo Ranch Lands, and Ashley Wang, Booz Allen.

    Lifetime Achievement Award

    A special Lifetime Achievement Award will be presented to David Lassner, President of the University of Hawaiʻi, for his 46 years of distinguished service at UH. Under his leadership, the UH system has become a driving force in meeting Hawaiʻi’s workforce needs, setting records in research, graduation rates and inclusion of underrepresented populations. His dedication to affordable education and workforce advancement, combined with a recent $1 million donation to support graduate students in technology fields, reflects his deep commitment to creating opportunities for future generations.

    Legislator of the Year

    Sen. Donovan M. Dela Cruz is being recognized as Legislator of the Year for his commitment to advancing workforce development across the state. As Chair of the Senate Ways and Means Committee, Dela Cruz has championed workforce development as a critical component in retaining local talent and meeting the needs of Hawaiʻi’s employers. Facing a state workforce vacancy rate averaging 30%, Dela Cruz spearheaded efforts to create the Hele Imua Internship Program.

    In 2022, the program was allocated $5.3 million, creating 330 interns with the state Executive Branch and four scholarships though the Ho‘oilina Scholarship program. The Ho‘oilina Scholarship is a partnership between the DLIR, Hawai‘i Lodging & Tourism Association (HLTA) and the University of Hawai‘i at Mānoa Shidler College of Business, School of Travel Industry Management that provides support to Hawai‘i public high school graduates pursuing careers in the hospitality, the tourism or the transportation industries.

    Awards Ceremony Future of Work Conference

    The Future of Work 2025 Conference will honor the seven Workforce Development Hero awardees on September 30, 2024, at the Japanese Cultural Center of Hawaiʻi. The event will highlight each winner’s contributions to workforce development and celebrate their achievements.

    To register for the conference, click here.

    # # #

    Equal Opportunity Employer/Program
    Auxiliary aids and services are available upon request to individuals with disabilities.
    TDD/TTY Dial 711 then ask for 808-586-8842

     

    View DLIR news releases:

    http://labor.hawaii.gov/blog/category/news/

    Media Contact:

    Chavonnie Ramos

    Public Information Officer

    Department of Labor and Industrial Relations

    Ka ʻOihana Pono Limahana

    808-586-9720

    [email protected]

    http://labor.hawaii.gov

     

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom signs consumer protection bills targeting medical debt, overdraft fees, and unfair subscription practices

    Source: US State of California 2

    Sep 24, 2024

    What you need to know: New laws will strengthen consumer protections and help save Californians money.

    SACRAMENTO – Governor Gavin Newsom signed a package of bills that will strengthen protections for consumers, addressing issues that have put financial strain on Californians while setting new standards for transparency and accountability across industries.

    “Nobody wants to get ripped off, whether it’s a small subscription fee that’s seemingly impossible to cancel or massive medical debts which force families into financial ruin. We’re strengthening protections for Californians across the board and helping save consumers money.”

    Governor Gavin Newsom

    Medical debt relief

    SB 1061 by Senator Monique Limón (D-Santa Barbara) targets the devastating impact of medical debt on consumers. Under this new law, medical debt will no longer be included on consumers’ credit reports, ensuring that people are not penalized for the high costs of necessary healthcare. The bill also prohibits using any medical debt listed on a credit report as a negative factor when making credit decisions, and gives individuals more room to address their medical bills before debt collection and reporting actions can take place.

    “I am proud to author legislation to provide relief to Californians suffering from the burden of medical debt,” said Senator Limón. “No Californian should be unable to secure housing, a loan, or even a job because they accessed necessary medical care. With this new law, California is stepping up to protect consumers impacted by the effects of medical debt.” 

    Making it easier to cancel subscriptions

    AB 2863 by Assemblymember Pilar Schiavo (D-Chatsworth) addresses complicated auto-renewing subscription services that are easy to sign up for but hard to cancel. The bill requires companies offering automatic renewals and continuous services to provide consumers a means to cancel the subscription using the same medium they used to sign up; for example, a person who subscribes online has to be given an online click-to-cancel option. This ensures that consumers can easily exit from services they no longer want, without being trapped by confusing processes or hidden fees.

    “At a time when too many in our community are struggling, unwanted subscription renewals can really add up. AB 2863 is the most comprehensive ‘Click to Cancel’ legislation in the nation,  ensuring Californians can  cancel unwanted automatic subscription renewals just as easily as they signed up – with just a click or two,” said Assemblymember Schiavo. “California is setting a model for the nation on protecting consumers from unnecessary charges – giving them more control over their finances and helping to ensure fair business practices, providing a win for both consumers and small businesses. I’m grateful that this important legislation was signed, as it will mean more money in the pockets of people throughout our community.” 

    Protecting against unfair fees 

    AB 2017 by Assemblymember Tim Grayson (D-Concord) and SB 1075 by Senator Steven Bradford (D-Gardena) address unfair banking practices. AB 2017 prohibits certain banks and credit unions from charging nonsufficient funds fees when a transaction is declined due to the consumer having insufficient funds. SB 1075 sets limits on the amount credit unions can charge for overdraft fees. These bills aim to protect lower-income Californians that are disproportionately impacted by financial fees that can push them deeper into financial hardship.

    Additional consumer protection measures signed into law

    • AB 1849 by Assemblymember Tim Grayson (D-Concord) – Song-Beverly Consumer Warranty Act: services and repairs: travel trailers and motor homes (signed earlier this year).
    • AB 1900 by Assemblymember Dr. Akilah Weber (D-San Diego) – Consumer refunds: nondisclosure agreements (signed earlier this year).
    • AB 1971 by Assemblymember Dawn Addis (D-Morro Bay) – Administration of standardized tests.
    • AB 2202 by Assemblymember Anthony Rendon (D-Lakewood) – Short-term rentals: disclosure: cleaning tasks.
    • AB 2297 by Assemblymember Laura Friedman (D-Glendale) – Hospital and Emergency Physician Fair Pricing Policies.
    • AB 2347 by Assemblymember Ash Kalra (D-San Jose) – Summary proceedings for obtaining possession of real property: procedural requirements.
    • AB 2426 by Assemblymember Jacqui Irwin (D-Thousand Oaks) – Consumer protection: false advertising: digital goods.
    • AB 2801 by Assemblymember Laura Friedman (D-Glendale) – Tenancy: Security Deposits (signed earlier this year).
    • AB 2837 by Assemblymember Rebecca Bauer-Kahan (D-Orinda) – Civil actions: enforcement of money judgments.
    • AB 2992 by Assemblymember Stephanie Nguyen (D-Elk Grove) – Real Estate Law: buyer-broker representation agreements.
    • AB 3108 by Assemblymember Reginald Byron Jones-Sawyer, Sr. (D-Los Angeles) – Business: mortgage fraud.
    • AB 3283 by the Committee on Judiciary – Enforcement of judgments: claims of exemption (signed earlier this year).
    • SB 919 by Senator Thomas Umberg (D-Santa Ana) – Franchise Investment Law: franchise brokers.
    • SB 924 by Senator Steven Bradford (D-Gardena) – Tenancy: credit reporting: lower income households.
    • SB 1286 by Senator Dave Min (D-Irvine) – Rosenthal Fair Debt Collection Practices Act: covered debt: commercial debts.

    Recent news

    News SACRAMENTO – As Tropical Storm Helene is expected to strengthen into a hurricane as it moves toward Florida’s Panhandle, Governor Gavin Newsom today announced the deployment of California firefighters to assist in staffing a Federal Emergency Management Agency…

    News What you need to know: Governor Newsom signed four bills today to help law enforcement crack down on dangerous sideshows and street takeovers. These new laws will hold participants and organizers accountable by providing law enforcement with the tools to seize…

    News What you need to know: Governor Gavin Newsom today signed Assembly Bill 3216, the Phone-Free School Act, to require every school district, charter school and county office of education to develop a policy limiting the use of smartphones by July 1, 2026….

    MIL OSI USA News

  • MIL-OSI: LanzaTech and Woodside Energy to Participate in Bank of America Hosted Webinar on September 27, 2024

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Sept. 24, 2024 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, and Woodside Energy Group Ltd. (ASX, NYSE, LSE: WSD) (“Woodside”), the global energy company founded in Australia providing reliable and affordable energy to help people lead better lives, today jointly announced that Dr. Jennifer Holmgren, CEO of LanzaTech, and Meg O’Neill, CEO of Woodside, will participate in a webinar hosted by Bank of America analyst Steve Byrne to discuss hot topics and key challenges related to globally scaling the circular carbon economy and developing impactful carbon abatement programs for energy companies.

    Date: Friday, September 27, 2024
    Time: 1:00 p.m. Central Daylight Time

    To attend the webinar, or request the archived replay, please email Kate Walsh, Vice President of Investor Relations at LanzaTech: Kate.Walsh@lanzatech.com.

    About LanzaTech
    LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. By partnering with companies across the global supply chain like ArcelorMittal, Zara, H&M Move, Coty, On, and LanzaJet, LanzaTech is paving the way for a circular carbon economy. For more information about LanzaTech, visit https://lanzatech.com.

    About Woodside
    Woodside Energy is a global energy company, founded in Australia, working across three continents to produce oil and natural gas and pursue new energy opportunities. With a focused portfolio, Woodside is recognised for its world-class capabilities as an integrated upstream supplier of energy. Woodside’s proven track record and distinctive capabilities are underpinned by 70 years of experience.

    LanzaTech Contact:
    Investor Relations
    Kate Walsh, VP Investor Relations & Tax
    Investor.Relations@lanzatech.com

    Woodside Contact:
    Marcela Louzada
    M: +61 456 994 243
    E: investor@woodside.com

    The MIL Network

  • MIL-OSI: Univest Securities, LLC Announces Closing of $8.0 Million Registered Follow-on Offering for its Client Elevai Labs Inc. (NASDAQ: ELAB)

    Source: GlobeNewswire (MIL-OSI)

    New York, Sept. 24, 2024 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered follow-on offering (the “Offering”) of approximately $8.0 million for its client Elevai Labs Inc. (NASDAQ: ELAB) (the “Company”), a pioneering force in medical aesthetics.

    The Offering was comprised of 28,571,425 shares of the Company’s common stock (or pre-funded warrants in lieu of shares of common stock). Each share of common stock or pre-funded warrant was sold with one Series A Warrant to purchase one share of common stock at an exercise price of $0.38 per share (the “Series A Warrants”) and one Series B Warrant to purchase one share of common stock at an exercise price of $0.38 per share or, pursuant to an alternative cashless exercise option, three shares of common stock (the “Series B Warrants” and, together with the Series A Warrants, the “Warrants”). The Series A Warrants will be exercisable beginning on the date of completion of the requisite waiting period following the filing of the Information Statement related to the approval by the stockholders of the Company (the “Initial Exercise Date” or “Effective Shareholder Approval Date”) of the issuance of shares upon exercise of the Warrants, among other things (the “Shareholder Approval”). The Series B Warrants will be exercisable beginning on the Effective Shareholder Approval Date. The Series A Warrants will expire on the five-year anniversary of the Initial Exercise Date and the Series B Warrants will expire on the two and one-half-year anniversary of the Initial Exercise Date. The purchase price of each share of common stock and accompanying Warrants was $0.28, and the purchase price of each pre-funded warrant and accompanying Warrants was equal to such price minus $0.0001.

    The aggregate gross proceeds to the Company was approximately $8 million.

    Univest Securities, LLC acted as the sole placement agent.

    The securities described above are being offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-281987) previously filed and declared effective by the Securities and Exchange Commission (the “SEC”). A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC’s website at www.sec.gov.

    About Univest Securities, LLC

    Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management. It strives to provide clients with value-add service and focuses on building long-term relationship with its clients. For more information, please visit: www.univest.us.

    About Elevai Labs Inc.

    Elevai Labs Inc. (NASDAQ: ELAB) specializes in medical aesthetics and biopharmaceutical drug development, focusing on innovations for skin aesthetics and treatments tied to obesity and metabolic health. The Company operates a diverse portfolio of three wholly owned subsidiaries across the medical aesthetics and biopharmaceutical sectors, Elevai Skincare Inc., Elevai Biosciences Inc., and Elevai Research Inc. For more information please visit www.elevailabs.com.

    Forward-Looking Statements

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Univest Securities, LLC
    Edric Guo
    Chief Executive Officer
    75 Rockefeller Plaza, Suite 18C
    New York, NY 10019
    Phone: (212) 343-8888
    Email: info@univest.us

    The MIL Network

  • MIL-OSI: Farmers & Merchants Bancorp, Inc. Announces 30th Consecutive Annual Increase in Dividend

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, Sept. 24, 2024 (GLOBE NEWSWIRE) — The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.32 billion at June 30, 2024, today announced that it has approved the Company’s quarterly cash dividend of $0.22125 per share. The third-quarter dividend is payable on October 20, 2024, to shareholders of record as of October 4, 2024.

    The $0.22125 per share cash dividend reflects a $0.00125 per share increase in the quarterly dividend, representing the 30th consecutive annual increase in the Company’s regular dividend payment.

    Lars B. Eller, President and Chief Executive Officer stated, “I am proud that F&M has established one of the longest track records of consecutive dividend increases for publicly traded banks, reflecting F&M’s growth, strong capital levels, and profitable business model. F&M’s financial and operating strength has provided us with flexibility to return additional capital back to shareholders throughout various economic cycles. In fact, F&M’s annual dividend will have increased from $0.2375 in 2004 to $0.8825 in 2024 reflecting a 6.8% compound annual growth rate over this period.”

    About Farmers & Merchants State Bank:
    Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) is the holding company of F&M Bank, a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe Harbor statement
    Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    The MIL Network

  • MIL-Evening Report: Why do people breach their bail? Our research shows it’s not because they’re committing more crimes

    Source: The Conversation (Au and NZ) – By Natalie Gately, Associate Professor, Edith Cowan University

    Shutterstock

    In Australia and most countries, everyone is innocent until proven guilty. Because of this, keeping someone in detention before trial comes with serious legal, practical and human-rights consequences, not just for the person accused but also for their family and for society.

    That’s why most people accused of a crime are usually released on bail.

    Bail is essentially a written promise where a person is released, on the agreement they return to court on a set date. It can also be granted to those who have been found or pleaded guilty while they wait for sentencing.

    Bail allows the accused to keep their job, maintain their home, and support their family, while eliminating the costs of imprisonment.

    However, bail comes with conditions that the person must follow, including curfews, regular check-ins, restrictions on whom they can talk to or where they can go, drug or alcohol testing, and staying at a specific address.

    These conditions may seem easy to understand and follow, but breaches of orders were the third most common offence in Australian courts in 2022 and 2023. They made up 10% of adult court appearances, using valuable time and resources.

    There’s a widespread belief that people on bail who breach their conditions commit more crimes – sometimes violent ones – that put others at risk and threaten public safety. This has fuelled demands for stricter bail laws or to stop granting bail altogether.

    Many also think that when someone breaches their bail conditions, it’s because they’re deliberately defying or ignoring the rules. With this in mind, we wanted to look deeper.

    We spoke to 230 police detainees about what led to their bail breaches. The results were surprising: very few (just 11%) breached by committing new offences.

    Instead, most explained their breaches happened because of things beyond their control.

    Homelessness

    A fixed residential address is a fundamental condition for getting bail.

    However, many of our participants shared that becoming homeless or returning to homelessness was common for them. Some said they left the address they provided because of family tensions:

    I’m meant to stay at my sister’s house under my bail conditions, it’s for my curfew […] she kicked me out because we had an argument. Now I’ve breached my conditions and have nowhere to go.

    It’s well known that chronic homelessness makes it tough to comply with bail conditions, and we found the same. A detainee told us:

    It was an honest mistake and a mix-up of the days.

    Another said:

    I was homeless at the time I was meant to go to court and dealing with a lot.

    A third person told us:

    I’m homeless and I’ve got bigger issues than going to court. I’m living in a tent in the park at the moment with no job.

    The mental stress meant people focused on meeting basic needs such as food and shelter, which took priority over following bail conditions.

    Family responsibilities

    Participants also shared their personal responsibilities of caring for sick children, parents or other dependants. This often prevented them from attending court or reporting. One person told us:

    I’m my nan’s carer […] I needed to look after her and my brother wasn’t there. I couldn’t go to court or make it. I’m the one who washes her and does everything for her […]

    Family commitments clashing with reporting requirements led to feelings that the system was stacked against them and they had few options but to breach.

    Work commitments

    Employment often interfered with reporting on time and attending court.

    I have to report Monday, Wednesday and Friday but I’m a truck driver. I have no problems with coming in to report, but I couldn’t make it because I was working. When I went in to report, they arrested me […]

    Keeping a job is crucial for financial and housing stability. Having a stable job also deepens community connections to reduce the chances of getting involved in criminal activity.

    Procedural barriers

    When these kinds of everyday issues derailed compliance, many said they had tried to let the court, police or their lawyer know, either before or right after they missed reporting in or a court date but were faced with an inflexible system.

    For some, even when they did manage to get through, they were told that by not reporting or attending court they had already breached their bail and a warrant would be issued for their arrest. A study participant told us:

    I told them (the police) that I’d been kicked out (of the nominated accommodation) and wasn’t there and they locked me up here. I’ve got an extra charge now because I breached bail and probably won’t get let back out tomorrow. It wasn’t in my control. I was meant to be doing my medical to start work on the mines too tomorrow, so I won’t be working there now.

    We recommend considering of the complexities of bailees’ lives when setting bail. More flexible reporting conditions for when “life happens” will reduce charge pile ups and pressures on the criminal justice.

    Natalie Gately received funding from Western Australian Office of Crime Statistics and Research for this project.

    Suzanne Rock received funding from Western Australian Office of Crime Statistics and Research for this project.

    ref. Why do people breach their bail? Our research shows it’s not because they’re committing more crimes – https://theconversation.com/why-do-people-breach-their-bail-our-research-shows-its-not-because-theyre-committing-more-crimes-239198

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Nations: Secretary-General’s remarks at the Opening of the General Debate of the Seventy-ninth Session of the General Assembly [trilingual, as delivered, scroll down for all-English and all-French]

    Source: United Nations secretary general

    Mr. President of the General Assembly,

    Excellencies,

    Ladies and gentlemen,

    Our world is in a whirlwind.

    We are in an era of epic transformation – facing challenges unlike any we have ever seen – challenges that demand global solutions.

    Yet geo-political divisions keep deepening. The planet keeps heating.

    Wars rage with no clue how they will end.

    And nuclear posturing and new weapons cast a dark shadow.

    We are edging towards the unimaginable – a powder keg that risks engulfing the world.

    Meanwhile, 2024 is the year that half of humanity goes to the polls – and all of humanity will be affected.

    I stand before you in this whirlwind convinced of two overriding truths.

    First, the state of our world is unsustainable.

    We can’t go on like this.

    And second, the challenges we face are solvable.

    But that requires us to make sure the mechanisms of international problem-solving actually solve problems.

    The Summit of the Future was a first step, but we have a long way to go.

    Getting there requires confronting three major drivers of unsustainability.

    A world of impunity – where violations and abuses threaten the very foundation of international law and the UN Charter.

    A world of inequality – where injustices and grievances threaten to undermine countries or even push them over the edge.

    And a world of uncertainty – where unmanaged global risks threaten our future in unknowable ways.

    These worlds of impunity, inequality and uncertainty are connected and colliding.

    Excellencies,

    The level of impunity in the world is politically indefensible and morally intolerable.

    Today, a growing number of governments and others feel entitled to a “get out of jail free” card.

    They can trample international law.

    They can violate the United Nations Charter.

    They can turn a blind eye to international human rights conventions or the decisions of international courts.

    They can thumb their nose at international humanitarian law.

    They can invade another country, lay waste to whole societies, or utterly disregard the welfare of their own people.

    And nothing will happen.

    We see this age of impunity everywhere — in the Middle East, in the heart of Europe, in the Horn of Africa, and beyond.

    The war in Ukraine is spreading with no signs of letting up.

    Civilians are paying the price – in rising death tolls and shattered lives and communities.

    It is time for a just peace based on the UN Charter, on international law and on UN resolutions.

    Meanwhile, Gaza is a non-stop nightmare that threatens to take the entire region with it.

    Look no further than Lebanon.

    We should all be alarmed by the escalation. 

    Lebanon is at the brink. 

    The people of Lebanon – the people of Israel – and the people of the world — cannot afford Lebanon to become another Gaza.

    Let’s be clear.

    Nothing can justify the abhorrent acts of terror committed by Hamas on October 7th, or the taking of hostages – both of which I have repeatedly condemned.

    And nothing can justify the collective punishment of the Palestinian people.

    The speed and scale of the killing and destruction in Gaza are unlike anything in my years as Secretary-General.

    More than 200 of our own staff have been killed, many with their families.

    And yet the women and men of the United Nations continue to deliver humanitarian aid.

    I know you join me in paying a special tribute to UNRWA and to all humanitarians in Gaza.

    The international community must mobilize for an immediate ceasefire, the immediate and unconditional release of all hostages, and the beginning of an irreversible process towards a two-State solution.

    For those who go on undermining that goal with more settlements, more landgrabs, more incitement — I ask:

    What is the alternative?

    How could the world accept a one-state future in which a large a large number of Palestinians would be included without any freedom, rights or dignity?

    In Sudan, a brutal power struggle has unleashed horrific violence — including widespread rape and sexual assaults.

    A humanitarian catastrophe is unfolding as famine spreads.  Yet outside powers continue to interfere with no unified approach to finding peace.

    In the Sahel, the dramatic and rapid expansion of the terrorist threat requires a joint approach rooted in solidarity – but regional and international cooperation have broken down.

    From Myanmar to the Democratic Republic of the Congo to Haiti to Yemen and beyond – we continue to see appalling levels of violence and human suffering in the face of a chronic failure to find solutions.

    Meanwhile our peacekeeping missions are too often operating in areas where simply there is no peace to keep.

    Instability in many places around the world is a by-product of instability in power relations and geo-political divides.

    For all its perils, the Cold War had rules.

    There were hot lines, red lines and guard rails.

    It can feel as though we don’t have that today.

    Nor do we have a unipolar world.

    We are moving to a multipolar world, but we are not there yet.

    We are in a purgatory of polarity.

    And in this purgatory, more and more countries are filling the spaces of geopolitical divides, doing whatever they want with no accountability.

    That is why it is more important than ever to reaffirm the Charter, to respect international law, to support and implement decisions of international courts, and to reinforce human rights in the world.

    Anywhere and everywhere.

    Excellences, Mesdames et Messieurs,
     
    L’augmentation des inégalités est un deuxième facteur de l’insoutenabilité et une tache sur notre conscience collective.
     
    L’inégalité n’est pas une question technique ou bureaucratique.
     
    Au fond, l’inégalité est une question de pouvoir, aux racines historiques.
     
    Les conflits, les bouleversements climatiques et la crise du coût de la vie étendent ces racines historiques plus profondément encore.
     
    Dans le même temps, le monde peine encore à se relever de la flambée des inégalités engendrée par la pandémie.
     
    Si l’on regarde les 75 pays les plus pauvres du monde, un tiers d’entre eux se trouve aujourd’hui dans une situation pire qu’il y a cinq ans.
     
    Au cours de la même période, les cinq hommes les plus riches de la planète ont plus que doublé leurs fortunes.
     
    Et un pour cent des habitants de la planète détient 43 % de l’ensemble des avoirs financiers mondiaux.
     
    Au niveau national, certains gouvernements décuplent les inégalités en accordant des cadeaux fiscaux massifs aux entreprises et aux ultra-riches — au détriment des investissements dans la santé, l’éducation et la protection sociale.
     
    Et personne n’est plus lésé que les femmes et les filles du monde entier.
     
    Excellences,
     
    La discrimination et les abus généralisés fondés sur le genre constituent l’inégalité la plus répandue dans toutes les sociétés.
     
    Chaque jour, il semble que nous soyons confrontés à de nouveaux cas révoltants de féminicides, de violences fondées sur le genre et de viols collectifs – en temps de paix comme en tant qu’arme de guerre.
     
    Dans certains pays, les lois sont utilisées pour menacer la santé et les droits reproductifs.
     
    Et en Afghanistan, les lois sont utilisées pour entériner l’oppression systématique des femmes et des filles.
     
    Et je suis désolé de constater que, malgré des années de beaux discours, l’inégalité de genre se manifesteet je vous demande pardon de le dire, elle se manifeste aujourd’hui encore, pleinement dans cette enceinte.
     
    Moins de 10 pour cent des intervenants au Débat général de cette semaine sont des femmes.
     
    C’est inacceptable, surtout quand on sait que l’égalité entre les femmes et les hommes contribue à la paix, au développement durable, à l’action climatique et bien plus encore.
     
    C’est précisément pour cela nous avons pris des mesures spécifiques pour atteindre la parité hommes-femmes parmi les hauts responsables de l’Organisation des Nations Unies,objectif qui est déjà complété.
     
    C’est faisable.
     
    J’exhorte les institutions politiques et économiques du monde dominées par les hommes à le faire aussi.
     
    Excellences,
     
    Les inégalités mondiales se reflètent et se renforcent jusque dans nos propres organisations internationales.
     
    Le Conseil de sécurité des Nations Unies a été conçu par les vainqueurs de la Seconde Guerre mondiale.
     
    À l’époque, la majeure partie du continent africain était encore sous domination coloniale.
     
    À ce jour, l’Afrique n’a toujours aucun siège permanent au sein de la principale instance de paix du monde.
     
    Un changement s’impose.
     
    Il en va de même pour l’architecture financière mondiale, mise en place il y a 80 ans.
     
    Je félicite les dirigeants de la Banque mondiale et du Fonds monétaire international pour les mesures importantes qu’ils ont entreprises.
     
    Mais comme le souligne le Pacte pour l’avenir, la lutte contre les inégalités exige une accélération de la réforme de l’architecture financière internationale.
     
    Au cours des huit dernières décennies, l’économie mondiale s’est développée et transformée.
     
    Les institutions de Bretton Woods n’ont pas suivi le rythme.
     
    Elles ne sont plus en mesure de fournir un filet de sécurité mondial, ni d’offrir aux pays en développement le niveau de soutien dont ils ont tant besoin.
     
    Dans les pays les plus pauvres du monde, le coût des intérêts de la dette dépasse, en moyenne, le coût des investissements dans l’éducation, la santé et les infrastructures publiques réunis.
     
    Et à l’échelle du monde, plus de 80 % des cibles des Objectifs de développement durable ne sont pas en bonne voie.

    Excelencias,

    Volver al camino correcto requiere un aumento de financiamiento para la Agenda 2030 y el Acuerdo de París.

    Esto implica que los países del G20 lideren un Estímulo para los Objetivos de Desarrollo Sostenible de 500.000 millones de dólares al año.

    Implica reformas para aumentar sustancialmente la capacidad de préstamo de los Bancos Multilaterales de Desarrollo – y permitirles ampliar masivamente la financiación asequible a largo plazo para el clima y el desarrollo.

    Implica ampliar la financiación de contingencia mediante el reciclaje de los Derechos Especiales de Giro.

    E implica promover una reestructuración de la deuda a largo plazo.

    Excelencias,

    No me hago ilusiones sobre las barreras a la reforma del sistema multilateral.

    Los que tienen poder político y económico, o y los que creen tenerlo, son siempre reacios al cambio.

    Pero el status quo ya está agotando su poder.

    Sin reformas, la fragmentación es inevitable, y las instituciones globales perderán legitimidad, credibilidad y eficacia.

    Excellencies,

    The third driver of our unsustainable world is uncertainty.

    The ground is shifting under our feet.

    Anxiety levels are off the charts.

    And young people, in particular, are counting on us and seeking solutions.

    Uncertainty is compounded by two existential threats – the climate crisis and the rapid advance of technology — in particular, Artificial Intelligence.

    Excellencies,

    We are in a climate meltdown.

    Extreme temperatures, raging fires, droughts, and epic floods are not natural disasters.

    They are human disasters — increasingly fueled by fossil fuels.

    No country is spared. But the poorest and most vulnerable are hardest hit.

    Climate hazards are blowing a hole through the budgets of many African countries, costing up to five per cent of GDP – every year.

    And this is just the start.

    We are on course to careen past the global limit of a 1.5 degree temperature rise.

    But as the problem gets worse, solutions are getting better.

    Renewable prices are plummeting, roll-out is accelerating, and lives are being transformed by affordable, accessible clean energy.

    Renewables don’t just generate power. They generate jobs, wealth, energy security and a path out of poverty for millions.

    But developing countries cannot be plundered in that journey.

    Our Panel on Critical Minerals has recommended fair and sustainable ways to meet global demand for these resources, which are essential to the renewables revolution.

    Excellencies,

    A future without fossil fuels is certain.  A fair and fast transition is not.

    That is in your hands.

    By next year, every country must produce an ambitious new national climate action plan – or Nationally Determined Contributions.

    These must bring national energy strategies, sustainable development priorities, and climate ambitions together.

    They must align with the 1.5 degree limit, cover the whole economy, and contribute to every one of the COP28 energy transition targets.

    An International Energy Agency report released today breaks this down.

    By 2035, on average, advanced economies must slash energy emissions 80 per cent, and emerging markets 65 per cent.

    The G20 is responsible for 80 per cent of total emissions.

    They must lead the charge – keeping with the principle of common but differentiated responsibilities and respective capabilities in the light of different national circumstances.

    But this must be a joint effort — pooling resources, scientific capacities and proven and affordable technologies for all to be able to reach those targets.

    I’m honoured to be working closely with President Lula of Brazil – who is both G20 Chair and COP30 host – to secure maximum ambition, acceleration and cooperation. We just met for that purpose.

    Finance is essential.

    COP29 is around the corner.

    It must deliver a significant new finance goal.

    We also need a Loss and Damage Fund that meets the scale of the challenge – and developed countries meeting their adaptation finance promises.

    And we must finally flip the script on a crazy situation:

    We continue to reward polluters to wreck our planet.

    The fossil fuel industry continues to pocket massive profits and subsidies, while everyday people bear the costs of climate catastrophe – from rising insurance premiums to lost livelihoods.

    I call on G20 countries to shift money from fossil fuel subsidies and investments to a just energy transition;

    To put an effective price on carbon;

    And to implement new and innovative sources of financing – including solidarity levies on fossil fuel extraction – through legally-binding, transparent mechanisms.

    All by next year and this taking into account that those who shoulder the blame must foot the bill.

    Polluters must pay.

    Excellencies,

    The rapid rise of new technologies poses another unpredictable existential risk.

    Artificial Intelligence will change virtually everything we know — from work, education and communication, to culture and politics.

    We know AI is rapidly advancing, but where is it taking us:

    To more freedom – or more conflict?

    To a more sustainable world – or greater inequality?

    To being better informed – or easier to manipulate?

    A handful of companies and even individuals have already amassed enormous power over the development of AI – with little accountability or oversight for the moment.

    Without a global approach to its management, artificial intelligence could lead to artificial divisions across the board – a Great Fracture with two internets, two markets, two economies – with every country forced to pick a side, and enormous consequences for all.

    The United Nations is the universal platform for dialogue and consensus.

    It is uniquely placed to promote cooperation on AI – based on the values of the Charter and international law.

    The global debate happens here, or it does not happen.

    I welcome important first steps.

    Two resolutions in the General Assembly, the Global Digital Compact, and the recommendations of the High-Level Body on AI can lay the foundations for inclusive governance of AI.

    Let’s move forward together to make AI a force for good.

    Excellencies,

    Nothing lasts forever.

    But a feature of human life is that it appears otherwise.

    The current order always feels fixed.

    Until it is not.
     
    Across human history, we see empires rising and falling; old certainties crumbling; tectonic shifts in global affairs.
     
    Today our course is unsustainable.

    It is in all our interests to manage the epic transformations underway; to choose the future we want and to guide our world towards it.

    Many have said that the differences and divisions today are just too great.

    That it is impossible for us to come together for the common good.

    You proved that is not true.

    The Summit of the Future showed that with a spirit of dialogue and compromise, we can join forces to steer our world to a more sustainable path.

    It is not the end.

    It is a start of a journey, a compass in the whirlwind.

    Let’s keep going.

    Let’s move our world towards less impunity and more accountability …. less inequality and more justice … less uncertainty and more opportunity.

    The people of the world are looking to us – and succeeding generations will look back on us.

    Let them find us on the side of the United Nations Charter … on the side of our shared values and principles … and on the right side of history.

    I thank you.

    ***
    [all-English]

    Mr. President of the General Assembly,
     
    Excellencies,
     
    Ladies and gentlemen,
     
    Our world is in a whirlwind.
     
    We are in an era of epic transformation – facing challenges unlike any we have ever seen – challenges that demand global solutions.
     
    Yet geo-political divisions keep deepening. The planet keeps heating.

    Wars rage with no clue how they will end.
     
    And nuclear posturing and new weapons cast a dark shadow.
     
    We are edging towards the unimaginable – a powder keg that risks engulfing the world.
     
    Meanwhile, 2024 is the year that half of humanity goes to the polls – and all of humanity will be affected.
     
    I stand before you in this whirlwind convinced of two overriding truths.
     
    First, the state of our world is unsustainable.
     
    We can’t go on like this.
     
    And second, the challenges we face are solvable.
     
    But that requires us to make sure the mechanisms of international problem-solving actually solve problems.
     
    The Summit of the Future was a first step, but we have a long way to go.
     
    Getting there requires confronting three major drivers of unsustainability.
     
    A world of impunity – where violations and abuses threaten the very foundation of international law and the UN Charter.
     
    A world of inequality – where injustices and grievances threaten to undermine countries or even push them over the edge.
     
    And a world of uncertainty – where unmanaged global risks threaten our future in unknowable ways.
     
    These worlds of impunity, inequality and uncertainty are connected and colliding.
     
    Excellencies,
     
    The level of impunity in the world is politically indefensible and morally intolerable.
     
    Today, a growing number of governments and others feel entitled to a “get out of jail free” card.
     
    They can trample international law.
     
    They can violate the United Nations Charter.
     
    They can turn a blind eye to international human rights conventions or the decisions of international courts.
     
    They can thumb their nose at international humanitarian law.
     
    They can invade another country, lay waste to whole societies, or utterly disregard the welfare of their own people.
     
    And nothing will happen.
     
    We see this age of impunity everywhere — in the Middle East, in the heart of Europe, in the Horn of Africa, and beyond.
     
    The war in Ukraine is spreading with no signs of letting up.
     
    Civilians are paying the price – in rising death tolls and shattered lives and communities.
     
    It is time for a just peace based on the UN Charter, on international law and on UN resolutions.
     
    Meanwhile, Gaza is a non-stop nightmare that threatens to take the entire region with it.
     
    Look no further than Lebanon.
     
    We should all be alarmed by the escalation. 
     
    Lebanon is at the brink. 
     
    The people of Lebanon – the people of Israel – and the people of the world — cannot afford Lebanon to become another Gaza.
     
    Let’s be clear.
     
    Nothing can justify the abhorrent acts of terror committed by Hamas on October 7th, or the taking of hostages – both of which I have repeatedly condemned.
     
    And nothing can justify the collective punishment of the Palestinian people.
     
    The speed and scale of the killing and destruction in Gaza are unlike anything in my years as Secretary-General.
     
    More than 200 of our own staff have been killed, many with their families.
     
    And yet the women and men of the United Nations continue to deliver humanitarian aid.
     
    I know you join me in paying a special tribute to UNRWA and to all humanitarians in Gaza.
     
    The international community must mobilize for an immediate ceasefire, the immediate and unconditional release of all hostages, and the beginning of an irreversible process towards a two-State solution.
     
    For those who go on undermining that goal with more settlements, more landgrabs, more incitement — I ask:
     
    What is the alternative?
     
    How could the world accept a one-state future in which a large a large number of Palestinians would be included without any freedom, rights or dignity?
     
    In Sudan, a brutal power struggle has unleashed horrific violence — including widespread rape and sexual assaults.
     
    A humanitarian catastrophe is unfolding as famine spreads.  Yet outside powers continue to interfere with no unified approach to finding peace.
     
    In the Sahel, the dramatic and rapid expansion of the terrorist threat requires a joint approach rooted in solidarity – but regional and international cooperation have broken down.
     
    From Myanmar to the Democratic Republic of the Congo to Haiti to Yemen and beyond – we continue to see appalling levels of violence and human suffering in the face of a chronic failure to find solutions.
     
    Meanwhile our peacekeeping missions are too often operating in areas where simply there is no peace to keep.
     
    Instability in many places around the world is a by-product of instability in power relations and geo-political divides.
     
    For all its perils, the Cold War had rules.
     
    There were hot lines, red lines and guard rails.
     
    It can feel as though we don’t have that today.
     
    Nor do we have a unipolar world.
     
    We are moving to a multipolar world, but we are not there yet.
     
    We are in a purgatory of polarity.
     
    And in this purgatory, more and more countries are filling the spaces of geopolitical divides, doing whatever they want with no accountability.
     
    That is why it is more important than ever to reaffirm the Charter, to respect international law, to support and implement decisions of international courts, and to reinforce human rights in the world.
     
    Anywhere and everywhere.

    Excellencies, Ladies and Gentlemen,

    Rising inequalities are a second driver of unsustainability and a stain on our collective conscience. 

    Inequality is not a technical or bureaucratic issue. 

    At its heart, inequality is a question of power with historic roots.

    Conflict, climate upheaval and the cost-of-living crisis, are pushing those roots deeper. 

    At the same time, the world has not recovered from the surge in inequalities caused by the pandemic.

    Of the world’s poorest 75 countries, one-third are worse off today than they were five years ago.

    During that same period, the five richest men in the world have more than doubled their wealth.
     
    And the top one per cent of people on earth own 43 per cent of all global financial assets.

    At the national level, some governments are supercharging inequalities by doling out massive tax giveaways to corporations and the ultra-rich, while shortchanging investments in health, education and social protection.

    No one is being short-changed more than the world’s women and girls. 

    Excellencies, 
     
    Rampant gender-based discrimination and abuse are the most prevalent inequality across all societies. 
     
    Every day, it seems we are confronted by yet more sickening cases of femicide, gender-based violence and mass rape, both in peacetime and as a weapon of war. 
     
    In some countries, laws are being used to threaten reproductive health and rights. 

    And in Afghanistan, laws are being used to lock-in the systematic oppression of women and girls. 
     
    And I am sorry to observe that despite years of talk, gender inequality is on full display, and I am sorry for mentioning it here, gender inequality is on full display in this very Hall. 

    Less than 10 per cent of speakers during this week’s General Debate are women. 
     
    This is unacceptable – especially when we know gender equality delivers for peace, sustainable development, climate action and much more. 

    That is precisely why we took targeted measures to achieve gender parity among the United Nations senior leadership, an objective that has already been achieved.

    It’s doable. 

    I call on male-dominated political and economic establishments around the world to do it as well.
     
    Excellencies,

    Global inequalities are reflected and reinforced even in our own global institutions.

    The United Nations Security Council was designed by the victors of the Second World War. 

    Most of Africa was still under colonial domination. 

    To this day, Africa has no permanent seat on the world’s preeminent council of peace. 

    This must change.

    So must the global financial architecture, set up 80 years ago. 

    I commend the leaders of the World Bank and the International Monetary Fund for taking important steps.

    But as the Pact for the Future emphasizes, tackling inequalities requires accelerating reform of the international financial architecture.

    Over the past eight decades, the global economy has grown and transformed.

    The Bretton Woods institutions have not kept pace.

    They can no longer provide a global safety net – or offer developing countries the level of support they need.

    Debt interest payments in the world’s poorest countries now cost more, on average, than investments in education, health and infrastructure combined.

    And around the world, more than 80 per cent of Sustainable Development Goal targets are off track. 

    Excellencies,

    Getting back on track requires a surge of financing for the 2030 Agenda and the Paris Agreement.

    That means G20 countries leading on an SDG Stimulus of $500 billion a year. 

    It means reforms to substantially increase the lending capacity of Multilateral Development Banks and enable them to massively scale-up affordable long-term climate and development finance.

    It means expanding contingency financing through recycling Special Drawing Rights.

    And it means promoting long-term debt-restructuring.

    Excellencies,

    I have no illusions about the obstacles to reform of the multilateral system.

    Those with political and economic power – and those who believe they have power – are always reluctant to change.

    But the status quo is already draining their power.

    Without reform, fragmentation is inevitable, and global institutions will become less legitimate, less credible, and less effective.
     
    Excellencies,
     
    The third driver of our unsustainable world is uncertainty.
     
    The ground is shifting under our feet.
     
    Anxiety levels are off the charts.
     
    And young people, in particular, are counting on us and seeking solutions.
     
    Uncertainty is compounded by two existential threats – the climate crisis and the rapid advance of technology — in particular, Artificial Intelligence.
     
    Excellencies,
     
    We are in a climate meltdown.
     
    Extreme temperatures, raging fires, droughts, and epic floods are not natural disasters.
     
    They are human disasters — increasingly fueled by fossil fuels.
     
    No country is spared. But the poorest and most vulnerable are hardest hit.
     
    Climate hazards are blowing a hole through the budgets of many African countries, costing up to five per cent of GDP – every year.
     
    And this is just the start.
     
    We are on course to careen past the global limit of a 1.5 degree temperature rise.
     
    But as the problem gets worse, solutions are getting better.
     
    Renewable prices are plummeting, roll-out is accelerating, and lives are being transformed by affordable, accessible clean energy.
     
    Renewables don’t just generate power. They generate jobs, wealth, energy security and a path out of poverty for millions.
     
    But developing countries cannot be plundered in that journey.
     
    Our Panel on Critical Minerals has recommended fair and sustainable ways to meet global demand for these resources, which are essential to the renewables revolution.
     
    Excellencies,
     
    A future without fossil fuels is certain.  A fair and fast transition is not.
     
    That is in your hands.
     
    By next year, every country must produce an ambitious new national climate action plan – or Nationally Determined Contributions.
     
    These must bring national energy strategies, sustainable development priorities, and climate ambitions together.
     
    They must align with the 1.5 degree limit, cover the whole economy, and contribute to every one of the COP28 energy transition targets.
     
    An International Energy Agency report released today breaks this down.
     
    By 2035, on average, advanced economies must slash energy emissions 80 per cent, and emerging markets 65 per cent.
     
    The G20 is responsible for 80 per cent of total emissions.
     
    They must lead the charge – keeping with the principle of common but differentiated responsibilities and respective capabilities in the light of different national circumstances.
     
    But this must be a joint effort — pooling resources, scientific capacities and proven and affordable technologies for all to be able to reach those targets.
     
    I’m honoured to be working closely with President Lula of Brazil – who is both G20 Chair and COP30 host – to secure maximum ambition, acceleration and cooperation. We just met for that purpose.
     
    Finance is essential.
     
    COP29 is around the corner.
     
    It must deliver a significant new finance goal.
     
    We also need a Loss and Damage Fund that meets the scale of the challenge – and developed countries meeting their adaptation finance promises.
     
    And we must finally flip the script on a crazy situation:
     
    We continue to reward polluters to wreck our planet.
     
    The fossil fuel industry continues to pocket massive profits and subsidies, while everyday people bear the costs of climate catastrophe – from rising insurance premiums to lost livelihoods.
     
    I call on G20 countries to shift money from fossil fuel subsidies and investments to a just energy transition;
     
    To put an effective price on carbon;
     
    And to implement new and innovative sources of financing – including solidarity levies on fossil fuel extraction – through legally-binding, transparent mechanisms.
     
    All by next year and this taking into account that those who shoulder the blame must foot the bill.
     
    Polluters must pay.
     
    Excellencies,
     
    The rapid rise of new technologies poses another unpredictable existential risk.
     
    Artificial Intelligence will change virtually everything we know — from work, education and communication, to culture and politics.
     
    We know AI is rapidly advancing, but where is it taking us:
     
    To more freedom – or more conflict?
     
    To a more sustainable world – or greater inequality?
     
    To being better informed – or easier to manipulate?
     
    A handful of companies and even individuals have already amassed enormous power over the development of AI – with little accountability or oversight for the moment.
     
    Without a global approach to its management, artificial intelligence could lead to artificial divisions across the board – a Great Fracture with two internets, two markets, two economies – with every country forced to pick a side, and enormous consequences for all.
     
    The United Nations is the universal platform for dialogue and consensus.
     
    It is uniquely placed to promote cooperation on AI – based on the values of the Charter and international law.
     
    The global debate happens here, or it does not happen.
     
    I welcome important first steps.
     
    Two resolutions in the General Assembly, the Global Digital Compact, and the recommendations of the High-Level Body on AI can lay the foundations for inclusive governance of AI.
     
    Let’s move forward together to make AI a force for good.
     
    Excellencies,
     
    Nothing lasts forever.
     
    But a feature of human life is that it appears otherwise.
     
    The current order always feels fixed.
     
    Until it is not.
     
    Across human history, we see empires rising and falling; old certainties crumbling; tectonic shifts in global affairs.
     
    Today our course is unsustainable.
     
    It is in all our interests to manage the epic transformations underway; to choose the future we want and to guide our world towards it.
     
    Many have said that the differences and divisions today are just too great.
     
    That it is impossible for us to come together for the common good.
     
    You proved that is not true.
     
    The Summit of the Future showed that with a spirit of dialogue and compromise, we can join forces to steer our world to a more sustainable path.
     
    It is not the end.
     
    It is a start of a journey, a compass in the whirlwind.
     
    Let’s keep going.
     
    Let’s move our world towards less impunity and more accountability …. less inequality and more justice … less uncertainty and more opportunity.
     
    The people of the world are looking to us – and succeeding generations will look back on us.
     
    Let them find us on the side of the United Nations Charter … on the side of our shared values and principles … and on the right side of history.
     
    I thank you.

    ***
    [all-French]

    Monsieur le Président,

    Excellences,

    Mesdames et Messieurs,

    Notre monde est pris dans un tourbillon.

    Nous vivons une ère de transformation aux proportions épiques et faisons face à des défis sans précédent qui exigent des solutions mondiales.

    Et pourtant, les divisions géopolitiques ne vont qu’en s’aggravant. La planète continue de se réchauffer.

    Les guerres font rage sans que l’on sache comment elles vont se terminer.

    Les gesticulations nucléaires et les nouvelles armes font planer sur nous une ombre inquiétante.

    Nous allons tout droit vers l’inimaginable : une poudrière qui risque d’engloutir le monde.

    En 2024, la moitié de l’humanité doit se rendre aux urnes – et c’est sur l’humanité tout entière que pèsera l’issue de ces scrutins.

    Je me tiens devant vous, face à ce tourbillon, convaincu de deux vérités primordiales.

    Tout d’abord, l’état dans lequel se trouve notre monde n’est pas viable.

    On ne peut pas continuer ainsi.

    Et deuxièmement, il est possible de relever les défis auxquels nous sommes confrontés.

    Mais pour cela, nous devons nous assurer que les mécanismes de règlement des problèmes internationaux permettent bel et bien de régler les problèmes.

    Le Sommet de l’avenir était un premier pas, mais le chemin à parcourir est encore long.

    Pour y parvenir, il faut s’attaquer à trois grands facteurs de l’insoutenabilité.

    Un monde d’impunité – dans lequel les violations et les atteintes menacent le fondement même du droit international et de la Charte des Nations Unies.

    Un monde d’inégalités – où les injustices et les griefs auxquelles elles donnent jour menacent d’affaiblir les pays, ou pire, de les précipiter dans le gouffre.

    Et un monde d’incertitude – où les risques mondiaux ne sont pas gérés, ce qui hypothèque notre avenir, bien au-delà de ce que l’on peut imaginer.

    Ces mondes d’impunité, d’inégalité et d’incertitude sont liés entre eux et se télescopent.

    Excellences,

    Le degré d’impunité dans le monde est indéfendable sur le plan politique et moralement intolérable.

    Aujourd’hui, un nombre croissant de gouvernements et d’autres acteurs se sentent autorisés à bénéficier, comme au Monopoly, d’une carte « Vous êtes libéré de prison ».

    Ils peuvent fouler aux pieds le droit international.

    Ils peuvent violer la Charte des Nations Unies.

    Ils peuvent ignorer les conventions internationales relatives aux droits humains ou les décisions des tribunaux internationaux.

    Ils peuvent bafouer le droit international humanitaire.

    Ils peuvent envahir un autre pays, dévaster des sociétés entières ou mépriser complètement le bien-être de leur propre peuple.

    Sans que rien ne se passe.

    Partout ‒ au Moyen-Orient, au cœur de l’Europe, dans la Corne de l’Afrique et au-delà ‒ c’est l’ère de l’impunité.

    La guerre en Ukraine s’étend et rien n’indique qu’elle va s’arrêter.

    Ce sont les populations civiles qui en paient le prix. À preuve, les morts de plus en plus nombreuses, les vies et les communautés brisées.

    Il est temps d’instaurer une paix juste, fondée sur la Charte des Nations Unies, le droit international et les résolutions des organes des Nations Unies.

    Pendant ce temps, Gaza vit un cauchemar permanent qui menace d’entraîner toute la région dans le chaos.

    À commencer par le Liban.

    Nous devrions tous être alarmés par cette escalade. 

    Le Liban est au bord du gouffre. 

    Le peuple libanais, le peuple israélien et les peuples du monde ne peuvent se permettre que le Liban devienne un autre Gaza.

    Soyons clairs.

    Rien ne peut justifier les actes de terreur abominables commis par le Hamas le 7 octobre, ni les prises d’otages, que j’ai condamnés à maintes reprises.

    Mais rien ne peut justifier d’infliger un châtiment collectif au peuple palestinien.

    La rapidité et l’ampleur du massacre et des destructions à Gaza ne ressemblent à rien d’autre de ce que j’ai connu depuis que je suis Secrétaire général.

    Plus de 200 membres du personnel des Nations Unies ont déjà été tués et, souvent, des membres de leurs familles ont aussi péri à leurs côtés.

    Et pourtant, les femmes et les hommes des Nations Unies continuent d’accomplir leur mission.

    Je sais que vous vous joignez à moi pour rendre un hommage appuyé à l’UNRWA et à tous les humanitaires à Gaza.

    La communauté internationale doit se mobiliser pour obtenir un cessez-le-feu immédiat, la libération immédiate et inconditionnelle des tous les otages et le lancement d’un processus irréversible pour qu’une solution des deux États voie le jour.

    J’aimerais poser une question à ceux qui continuent de saper cet objectif en multipliant les implantations, les expulsions, les provocations:
    Quelle est l’alternative ?

    Comment le monde pourrait-il accepter un État qui inclurait un grand nombre de Palestiniens et de Palestiniennes privés de liberté, de droits et de dignité ?

    Au Soudan, une lutte brutale pour le pouvoir a donné lieu à d’horribles violences, notamment des viols et des agressions sexuelles à grande échelle.

    Une catastrophe humanitaire est en train de se produire dans un pays en proie à une famine rampante. Pourtant, les puissances extérieures continuent de s’ingérer sans aucune approche unifiée pour trouver la paix.

    Au Sahel, l’expansion dramatique et rapide de la menace terroriste exige l’adoption d’une approche commune fondée sur la solidarité, mais la coopération régionale et internationale est en panne.

    Du Myanmar à la République démocratique du Congo, en passant par Haïti et le Yémen, les populations restent exposées à des violences et des souffrances effroyables, sur fond d’incapacité chronique à trouver des solutions.

    Pendant ce temps, nos missions de maintien de la paix opèrent trop souvent dans des lieux où il n’y a tout simplement pas de paix à maintenir.

    L’instabilité que l’on observe en de nombreux endroits du monde est la conséquence de l’instabilité des relations de pouvoir et des clivages géopolitiques.

    La Guerre Froide était pleine de dangers, mais elle avait aussi ses règles.

    Il y avait le téléphone rouge, des limites à ne pas franchir et des garde-fous.

    On a parfois l’impression que l’on n’a rien de tout cela aujourd’hui.

    Nous ne vivons pas non plus dans un monde unipolaire.

    Nous sommes en train de passer à un monde multipolaire, mais nous n’y sommes pas encore.

    Nous sommes en fait dans le purgatoire de la polarité.

    Et dans ce purgatoire, de plus en plus de pays occupent les espaces laissés vides par les divisions géopolitiques et font ce qu’ils veulent sans avoir à rendre de comptes.

    C’est pourquoi il est plus important que jamais de réaffirmer la Charte, d’appuyer et de respecter le droit international et de renforcer les droits humains à travers le monde.

    Partout et en tout lieu.

    Excellences, Mesdames et Messieurs,

    L’augmentation des inégalités est un deuxième facteur de l’insoutenabilité et une tache sur notre conscience collective. 

    L’inégalité n’est pas une question technique ou bureaucratique. 

    Au fond, l’inégalité est une question de pouvoir, aux racines historiques.

    Les conflits, les bouleversements climatiques et la crise du coût de la vie étendent ces racines historiques plus profondément encore. 

    Dans le même temps, le monde peine encore à se relever de la flambée des inégalités engendrée par la pandémie.

    Si l’on regarde les 75 pays les plus pauvres du monde, un tiers d’entre eux se trouve aujourd’hui dans une situation pire qu’il y a cinq ans.

    Au cours de la même période, les cinq hommes les plus riches de la planète ont plus que doublé leurs fortunes.

    Et un pour cent des habitants de la planète détient 43 % de l’ensemble des avoirs financiers mondiaux.

    Au niveau national, certains gouvernements décuplent les inégalités en accordant des cadeaux fiscaux massifs aux entreprises et aux ultra-riches — au détriment des investissements dans la santé, l’éducation et la protection sociale.

    Et personne n’est plus lésé que les femmes et les filles du monde entier.

    Excellences,

    La discrimination et les abus généralisés fondés sur le genre constituent l’inégalité la plus répandue dans toutes les sociétés.

    Chaque jour, il semble que nous soyons confrontés à de nouveaux cas révoltants de féminicides, de violences fondées sur le genre et de viols collectifs – en temps de paix comme en tant qu’arme de guerre.

    Dans certains pays, les lois sont utilisées pour menacer la santé et les droits reproductifs. 

    Et en Afghanistan, les lois sont utilisées pour entériner l’oppression systématique des femmes et des filles.

    Et je suis désolé de constater que, malgré des années de beaux discours, l’inégalité de genre se manifeste, et je vous demande pardon de le dire, elle se manifeste aujourd’hui encore, pleinement dans cette enceinte.

    Moins de 10 pour cent des intervenants au Débat général de cette semaine sont des femmes.
     
    C’est inacceptable, surtout quand on sait que l’égalité entre les femmes et les hommes contribue à la paix, au développement durable, à l’action climatique et bien plus encore.

    C’est précisément pour cela nous avons pris des mesures spécifiques pour atteindre la parité hommes-femmes parmi les hauts responsables de l’Organisation des Nations Unies, objectif qui est déjà complété.

    C’est faisable.

    J’exhorte les institutions politiques et économiques du monde dominées par les hommes à le faire aussi.
     
    Excellences,

    Les inégalités mondiales se reflètent et se renforcent jusque dans nos propres organisations internationales.

    Le Conseil de sécurité des Nations Unies a été conçu par les vainqueurs de la Seconde Guerre mondiale. 

    À l’époque, la majeure partie du continent africain était encore sous domination coloniale. 

    À ce jour, l’Afrique n’a toujours aucun siège permanent au sein de la principale instance de paix du monde. 

    Un changement s’impose.

    Il en va de même pour l’architecture financière mondiale, mise en place il y a 80 ans. 

    Je félicite les dirigeants de la Banque mondiale et du Fonds monétaire international pour les mesures importantes qu’ils ont entreprises.

    Mais comme le souligne le Pacte pour l’avenir, la lutte contre les inégalités exige une accélération de la réforme de l’architecture financière internationale.

    Au cours des huit dernières décennies, l’économie mondiale s’est développée et transformée.

    Les institutions de Bretton Woods n’ont pas suivi le rythme.

    Elles ne sont plus en mesure de fournir un filet de sécurité mondial, ni d’offrir aux pays en développement le niveau de soutien dont ils ont tant besoin. 

    Dans les pays les plus pauvres du monde, le coût des intérêts de la dette dépasse, en moyenne, le coût des investissements dans l’éducation, la santé et les infrastructures publiques réunis.

    Et à l’échelle du monde, plus de 80 % des cibles des Objectifs de développement durable ne sont pas en bonne voie.

    Excellences,

    Pour que l’on puisse redresser le cap, les financements mobilisés pour le Programme 2030 et l’Accord de Paris doivent connaître un véritable bond.

    Cela implique que les pays du G20 montrent l’exemple sur le Plan de relance des Objectifs de développement durable, de 500 milliards de dollars par an.

    Cela implique également d’engager des réformes pour renforcer considérablement la capacité de prêt des Banques multilatérales de développement, afin qu’elles puissent proposer bien davantage de financements abordables et à long terme pour l’action climatique et le développement.

    Cela implique de débloquer plus largement des financements pour imprévus, à travers le recyclage des droits de tirage spéciaux.

    Et cela implique de promouvoir une restructuration de la dette à long terme.

    Excellences,

    Je ne me fais guère d’illusions sur les obstacles que nous rencontrerons dans le cadre de la réforme du système multilatéral.

    Ceux qui détiennent le pouvoir politique et économique – et ceux qui croient le détenir – ont toujours une aversion au changement.

    Pourtant, le statu quo ébranle déjà leur pouvoir.

    Sans réforme, la fragmentation est inévitable, condamnant les institutions mondiales à perdre en légitimité, en crédibilité et en efficacité.

    Excellences,

    Le troisième facteur de l’insoutenabilité de notre monde est l’incertitude.

    Le sol se dérobe sous nos pieds.

    L’anxiété est à son comble.

    Les jeunes, en particulier, comptent sur nous et recherchent des solutions.

    L’incertitude est aggravée par deux menaces existentielles : la crise climatique et les bouleversements technologiques rapides, notamment l’intelligence artificielle.

    Excellences,

    Nous assistons à un véritable effondrement du climat.

    Les températures extrêmes, les incendies violents, les sécheresses et les inondations catastrophiques ne sont pas des catastrophes naturelles.

    Ce sont des catastrophes humaines, dont les combustibles fossiles précipitent l’enchaînement.

    Aucun pays n’est épargné. Mais ce sont les pays les plus pauvres et les plus vulnérables qui paient le prix fort.

    Les calamités climatiques obèrent les budgets de nombreux pays d’Afrique et leur coûtent jusqu’à 5 % de leur PIB – chaque année.

    Et ce n’est que le début.

    La température mondiale est sur le point de dépasser la limite de 1,5 degré.

    Mais si le problème s’aggrave, les solutions que l’on y apporte deviennent plus efficaces.

    Prenons l’exemple des énergies renouvelables : leur prix diminue fortement, leur déploiement s’accélère et des populations voient leur quotidien transformé par une énergie propre, accessible et d’un coût abordable.

    Les énergies renouvelables ne servent pas qu’à produire de l’électricité. Elles créent aussi des emplois et de la richesse, sont gages de sécurité énergétique et permettent à des millions de personnes de sortir de la pauvreté.

    Mais cela ne doit pas passer par le pillage des pays en développement.

    Notre Groupe chargé de la question des minéraux essentiels a recommandé que des mesures équitables et durables soient prises pour répondre à la demande mondiale dans ces ressources, indispensables à la révolution des énergies renouvelables.

    Excellences,

    Il est certain qu’un monde sans combustibles fossiles verra le jour. En revanche, rien ne dit que la transition sera rapide ou équitable.

    Cela dépend de vous.

    D’ici à l’an prochain, tous les pays devront élaborer de nouveaux plans d’action nationaux pour le climat ambitieux – ou déterminer leurs contributions au niveau national.

    Ils devront faire converger leurs stratégies énergétiques nationales, leurs priorités en matière de développement durable et les ambitions climatiques.

    Ils devront ne pas dépasser la limite de 1,5 degré, couvrir l’ensemble de l’économie et concourir à la réalisation de tous les objectifs de transition énergétique convenus lors de la COP28.

    Dans le rapport qu’elle a publié aujourd’hui, l’Agence internationale de l’énergie chiffre le niveau d’ambition à atteindre.

    D’ici à 2035, en moyenne, les émissions de gaz à effet de serre doivent diminuer de 80 % dans les économies avancées, de 65 % dans les marchés émergents.

    Les pays du G20 sont responsables au total de 80 % des émissions.

    Ils doivent mener la charge, en respectant le principe des responsabilités communes mais différenciées et en tenant compte des capacités de chacun, en fonction des différents contextes nationaux.

    Mais cette action doit s’inscrire dans une démarche collective et suppose la mise en commun des ressources, des capacités scientifiques et de technologies abordables à l’efficacité avérée pour que tous puissent atteindre cet objectif.

    J’ai l’honneur de collaborer étroitement avec le Président Lula, dont le pays préside le G20 et accueillera la COP 30, afin de garantir le plus haut degré d’ambition possible, d’accélérer le rythme des progrès et de favoriser la coopération.

    Nous venons de nous rencontrer pour discuter de cela.

    Les financements sont d’une importance cruciale.

    La COP29 arrive à grands pas.

    Elle doit être l’occasion de fixer un nouvel objectif ambitieux en matière de financement.

    Il faut également que le fonds pour les pertes et les préjudices soit à la hauteur de l’enjeu et que les pays développés tiennent leurs promesses en matière de financement de l’adaptation.

    Et l’heure est venue de faire bouger les lignes face à une situation insensée.

    Nous continuons de récompenser les pollueurs qui détruisent notre planète.

    Le secteur des combustibles fossiles continue d’engranger des profits et des subventions considérables, mais ce sont les populations qui supportent les coûts de la catastrophe climatique, depuis la hausse des primes d’assurance jusqu’à la perte de leurs moyens de subsistance.

    Je demande aux pays du G20 de mettre fin aux subventions et aux investissements liés aux combustibles fossiles et de financer à la place une transition énergétique juste,

    De mettre un prix au carbone.

    Et d’adopter des sources de financement nouvelles et novatrices – notamment en instaurant une redevance internationale de solidarité sur l’extraction des combustibles fossiles, au moyen de mécanismes juridiquement contraignants et transparents.

    Et ce, d’ici à l’année prochaine.

    Et ce en tenant compte du fait que pour les responsables, l’heure des comptes a sonné.

    Les pollueurs doivent payer.

    Excellences,

    L’essor rapide des nouvelles technologies est une autre menace existentielle dont les conséquences sont imprévisibles.

    L’intelligence artificielle transformera notre monde du tout au tout : le travail, mais aussi l’éducation, la communication, la culture ou encore la politique.

    Nous savons que l’intelligence artificielle progresse rapidement, mais où nous mène-t-elle ?

    Vers plus de liberté ou plus de conflits ?

    Vers un monde plus durable ou de plus grandes inégalités ?

    Serons-nous mieux informés ou plus faciles à manipuler ?

    Une poignée d’entreprises et même de particuliers ont déjà acquis un pouvoir immense grâce au développement de l’intelligence artificielle, sans, pour le moment, avoir véritablement à rendre des comptes et sans grand contrôle.

    Faute de mesures mondiales pour en gérer le déploiement, l’intelligence artificielle risque d’engendrer des divisions artificielles dans tous les domaines, de donner lieu à une grande fracture entre deux internets, deux marchés et deux économies et, ainsi, de faire naître une situation où chaque pays serait contraint de choisir un camp, ce qui serait lourd de conséquences pour l’humanité tout entière.

    L’ONU est une instance universelle de dialogue et de consensus.

    Elle est particulièrement bien placée pour promouvoir la coopération en ce qui concerne l’intelligence artificielle, sur la base des valeurs de la Charte et du droit international.

    C’est dans cette enceinte, et nulle part ailleurs, que les membres de la communauté internationale débattent.

    Je salue les premières mesures importantes qui ont été prises.

    Deux résolutions de l’Assemblée générale, le Pacte numérique mondial et les recommandations de l’Organe consultatif de haut niveau sur l’intelligence artificielle, peuvent asseoir les bases d’une gouvernance inclusive de l’intelligence artificielle.

    Ensemble, faisons de l’intelligence artificielle une force au service du bien.

    Excellences,

    Rien n’est éternel.

    Mais l’humanité a ceci de particulier qu’elle croit le contraire.

    L’ordre en place a toujours l’air d’être indémontable.

    Jusqu’au jour où tout bascule.

    L’histoire de l’humanité a été marquée par l’essor et la chute d’empires, l’effondrement de vieilles certitudes et de véritables séismes sur le théâtre du monde.

    Aujourd’hui, nous allons droit dans le mur.

    Il est dans notre intérêt à toutes et à tous de gérer les transformations colossales qui sont en cours, de déterminer l’avenir que nous voulons et de faciliter son avènement dans le monde.

    Beaucoup pensent que les divisions et les divergences d’aujourd’hui sont insurmontables,

    Que nous ne parviendrons pas à nous rassembler pour le bien commun.

    Vous avez prouvé que ce n’était pas le cas.

    Le Sommet de l’avenir a montré que nous pouvons unir nos forces dans un esprit de dialogue et de compromis pour engager le monde sur une voie plus durable.

    Ce n’est pas une fin.

    Ce n’est que le début, une boussole dans la tempête.

    Il faut continuer sur cette lancée.

    Ne ménageons pas nos efforts : pour lutter contre l’impunité et renforcer le respect du principe de responsabilité… pour moins d’inégalités et plus de justice… pour échapper à l’incertitude et élargir le champ des possibles.

    Les populations du monde entier comptent sur nous, et les générations futures nous jugeront à l’aune de ce que nous aurons accompli.

    Nous devons ne pas les décevoir. Nous devons être à la hauteur de la Charte des Nations Unies… de nos valeurs et principes communs… et du bon côté de l’histoire.

    Et je vous remercie.
     

    MIL OSI United Nations News

  • MIL-OSI USA: FACT SHEET: Leaders’ Summit of the Global Coalition to Address Synthetic Drug  Threats

    US Senate News:

    Source: The White House
    Today, President Biden hosted a Summit of the Global Coalition to Address Synthetic Drug Threats, which the President directed Secretary of State Antony Blinken to launch in June 2023, in order to mobilize international action to tackle the synthetic drug crisis.  In just over a year, the Global Coalition has grown to include 159 countries and 15 international organizations working together to disrupt the supply chain for fentanyl and other synthetic drugs; detect emerging drug threats; and prevent and treat through effective public health interventions. With the Summit as a motivating force, 11 core Coalition countries announced new initiatives that will advance the work of the Coalition, including efforts to disrupt the supply chain of fentanyl and enhance public health interventions.  These international commitments complement intensive work being done domestically, including an increased focus on coordinated disruption of drug trafficking networks and concerted efforts to make the opioid overdose reversal medication, naloxone, widely available over-the-counter. As a result of these efforts, we are starting to see the largest drop in overdose deaths in recorded history.  When President Biden and Vice President Harris came into office, the number of drug overdose deaths was increasing by more than 30% year over year.  Now, the latest provisional data released from the Centers for Disease Control and Prevention (CDC) National Center for Health Statistics show an unprecedented decline in overdose deaths of 10% in the 12 months ending April 2024.  These aren’t just numbers – these are lives. Background on the Global Coalition The 159 countries and 15 international organizations that are now part of the Coalition are working together on three key lines of effort:
    Disrupt the supply chain for fentanyl and other synthetic drugs;
    Detect emerging drug threats; and
    Prevent and treat through effective public health interventions. 
    For the past year, three working groups and seven sub-working groups have met monthly to create detailed plans of action.  These working groups have made tangible progress, including implementing new efforts to increase seizures of synthetic drugs and precursor chemicals at ports of entry, sharing best practices with respect to the identification of emerging drug threats, and taking actions to schedule an increasing number of synthetic drugs and precursor chemicals, thus subjecting these drugs and chemicals to increased controls. 
    New Initiatives Being Announced
    At today’s Summit, 11 core countries announced new initiatives that will move the work of each of the Coalition’s core lines of effort even further:
    Australia, Belgium, the Dominican Republic, India, Mexico, the Netherlands, and the United Kingdom will lead new efforts to disrupt the supply of fentanyl and other synthetic drugs.  These efforts include the development of regional coalitions to disrupt the transit routes for illicit drugs, precursor chemicals, and associated equipment, protect against the diversion of chemicals for illicit use, and improve the detection and disruption of production sites.
    Italy and Ghana will lead new initiatives to detect emerging drug trends, to include Italy helping other Coalition countries to develop early warning systems to identify emerging drug patterns.
    Canada and the United Arab Emirates will work to prevent and treat the overdose epidemic, including by expanding public health interventions and making life-saving medications widely available.
    Core Coalition countries also signed a Coalition Pledge agreeing to take additional actions to regulate all relevant drugs and precursor chemicals, take needed steps to fill gaps in their own domestic authorities, expand public-private partnerships to more effectively combat the supply chain for illicit fentanyl, develop mechanisms to monitor real-time data on trends in illicit drug use, and expand access to treatment.  At the Summit, President Biden called on all other Coalition countries to likewise sign this pledge.
    Domestic Actions to Fight Fentanyl and Other Synthetic Opioids
    Since day one, the Biden-Harris Administration has made disrupting the supply of illicit fentanyl and other synthetic drugs a core priority.  As part of their Unity Agenda for the Nation, President Biden and Vice President Harris have made it a priority to invest in public health and to tackle both the supply and demand for drugs.  And those efforts have paid off:
    Border officials have stopped more illicit fentanyl at ports of entry in the past two fiscal years than in the previous five fiscal years combined.  In the past 11 months, over 974 million potentially lethal doses of fentanyl were seized at U.S. ports of entry.
    The Biden-Harris Administration deployed cutting-edge drug detection technology across our southwest border, adding dozens of new inspection systems, with dozens more coming online in the next few years.
    The Biden-Harris Administration has made naloxone, a life-saving opioid overdose reversal medication, widely available over the counter, and has invested over $82 billion in treatment – 40 percent more than the previous Administration.
    In 2021, President Biden issued an Executive Order targeting foreign persons engaged in the global illicit drug trade, and the Administration has since sanctioned over 300 persons and entities under this authority, thereby cutting them off from the United States’ financial system.
    The Biden-Harris Administration has prosecuted dozens of high-level Mexican cartel leaders, drug traffickers, and money launderers, including Chapitos leader Nestor Isidro “El Nini” Perez Salas, and Cartel de Jalisco Nueva Generación’s top chemical brokers—placing dangerous drug traffickers behind bars.  Just last week, the son of a fugitive Cartel de Jalisco Nueva Generación boss, Ruben “El Menchito” Oseguera, was convicted for his violent acts, including the deadly downing of a military helicopter in Mexico, in support of his father’s drug trafficking organization.
     In July, President Biden issued a new National Security Memorandum (NSM) calling on all relevant Federal departments and agencies to do even more to stop the supply of illicit fentanyl and other synthetic opioids in our country.  The NSM directs increased intelligence collection, more intensive coordination and cooperation across departments and agencies, and additional actions to disrupt the production and distribution of illicit fentanyl.  And the Biden-Harris Administration has called on Congress to pass the Administration’s “Detect and Defeat” counter-fentanyl legislative proposal to increase penalties on those who bring deadly drugs into our communities and to close loopholes that drug traffickers exploit. As stated above, these measures are having an effect. Provisional CDC data show a 10% drop in overdose deaths in the 12 months leading up to April 2024 – the largest drop in overdose deaths in recorded history. Other International Engagements Under the leadership of President Biden and Vice President Harris, the United States has engaged around the world – both as part of the Coalition and in numerous bilateral and multilateral engagements – to spur global action in the fight against synthetic opioids. In early 2023, President Biden, together with the President of Mexico and the Prime Minister of Canada, directed the establishment a Trilateral Fentanyl Committee, and the Biden-Harris Administration engages regularly with both countries to tackle the supply chain for fentanyl. In November 2023, President Biden negotiated the resumption of counternarcotics cooperation with the People’s Republic of China (PRC), spurring the creation of a U.S. – PRC Counternarcotics Working Group that has led to increased cooperation on law enforcement actions and ongoing efforts to shut down companies that fuel illicit fentanyl and synthetic drug trafficking and cause deaths in the United States.   The United States and India have worked together to increase counternarcotics cooperation, including by signing a new Memorandum of Understanding and Framework for ongoing work to disrupt the supply of fentanyl and other synthetic drugs just this past week.  The Biden-Harris Administration has worked extensively with law enforcement partners across the globe to hold drug traffickers to account.  These partnerships pay dividends – including by generating support for extraditions that have enabled the United States to put dozens of cartel leaders, drug traffickers, and money launderers behind bars.

    MIL OSI USA News

  • MIL-OSI USA News: FACT SHEET: Leaders’ Summit of the Global Coalition to Address Synthetic Drug  Threats

    Source: The White House

    Today, President Biden hosted a Summit of the Global Coalition to Address Synthetic Drug Threats, which the President directed Secretary of State Antony Blinken to launch in June 2023, in order to mobilize international action to tackle the synthetic drug crisis.  In just over a year, the Global Coalition has grown to include 159 countries and 15 international organizations working together to disrupt the supply chain for fentanyl and other synthetic drugs; detect emerging drug threats; and prevent and treat through effective public health interventions.
     
    With the Summit as a motivating force, 11 core Coalition countries announced new initiatives that will advance the work of the Coalition, including efforts to disrupt the supply chain of fentanyl and enhance public health interventions.  These international commitments complement intensive work being done domestically, including an increased focus on coordinated disruption of drug trafficking networks and concerted efforts to make the opioid overdose reversal medication, naloxone, widely available over-the-counter.
     
    As a result of these efforts, we are starting to see the largest drop in overdose deaths in recorded history.  When President Biden and Vice President Harris came into office, the number of drug overdose deaths was increasing by more than 30% year over year.  Now, the latest provisional data released from the Centers for Disease Control and Prevention (CDC) National Center for Health Statistics show an unprecedented decline in overdose deaths of 10% in the 12 months ending April 2024. 
     
    These aren’t just numbers – these are lives.
     
    Background on the Global Coalition
     
    The 159 countries and 15 international organizations that are now part of the Coalition are working together on three key lines of effort:

    1. Disrupt the supply chain for fentanyl and other synthetic drugs;
    2. Detect emerging drug threats; and
    3. Prevent and treat through effective public health interventions. 

    For the past year, three working groups and seven sub-working groups have met monthly to create detailed plans of action.  These working groups have made tangible progress, including implementing new efforts to increase seizures of synthetic drugs and precursor chemicals at ports of entry, sharing best practices with respect to the identification of emerging drug threats, and taking actions to schedule an increasing number of synthetic drugs and precursor chemicals, thus subjecting these drugs and chemicals to increased controls. 

    New Initiatives Being Announced

    At today’s Summit, 11 core countries announced new initiatives that will move the work of each of the Coalition’s core lines of effort even further:

    1. Australia, Belgium, the Dominican Republic, India, Mexico, the Netherlands, and the United Kingdom will lead new efforts to disrupt the supply of fentanyl and other synthetic drugs.  These efforts include the development of regional coalitions to disrupt the transit routes for illicit drugs, precursor chemicals, and associated equipment, protect against the diversion of chemicals for illicit use, and improve the detection and disruption of production sites.
    2. Italy and Ghana will lead new initiatives to detect emerging drug trends, to include Italy helping other Coalition countries to develop early warning systems to identify emerging drug patterns.
    3. Canada and the United Arab Emirates will work to prevent and treat the overdose epidemic, including by expanding public health interventions and making life-saving medications widely available.

    Core Coalition countries also signed a Coalition Pledge agreeing to take additional actions to regulate all relevant drugs and precursor chemicals, take needed steps to fill gaps in their own domestic authorities, expand public-private partnerships to more effectively combat the supply chain for illicit fentanyl, develop mechanisms to monitor real-time data on trends in illicit drug use, and expand access to treatment.  At the Summit, President Biden called on all other Coalition countries to likewise sign this pledge.

    Domestic Actions to Fight Fentanyl and Other Synthetic Opioids

    Since day one, the Biden-Harris Administration has made disrupting the supply of illicit fentanyl and other synthetic drugs a core priority.  As part of their Unity Agenda for the Nation, President Biden and Vice President Harris have made it a priority to invest in public health and to tackle both the supply and demand for drugs.  And those efforts have paid off:

    1. Border officials have stopped more illicit fentanyl at ports of entry in the past two fiscal years than in the previous five fiscal years combined.  In the past 11 months, over 974 million potentially lethal doses of fentanyl were seized at U.S. ports of entry.
    2. The Biden-Harris Administration deployed cutting-edge drug detection technology across our southwest border, adding dozens of new inspection systems, with dozens more coming online in the next few years.
    3. The Biden-Harris Administration has made naloxone, a life-saving opioid overdose reversal medication, widely available over the counter, and has invested over $82 billion in treatment – 40 percent more than the previous Administration.
    4. In 2021, President Biden issued an Executive Order targeting foreign persons engaged in the global illicit drug trade, and the Administration has since sanctioned over 300 persons and entities under this authority, thereby cutting them off from the United States’ financial system.
    5. The Biden-Harris Administration has prosecuted dozens of high-level Mexican cartel leaders, drug traffickers, and money launderers, including Chapitos leader Nestor Isidro “El Nini” Perez Salas, and Cartel de Jalisco Nueva Generación’s top chemical brokers—placing dangerous drug traffickers behind bars.  Just last week, the son of a fugitive Cartel de Jalisco Nueva Generación boss, Ruben “El Menchito” Oseguera, was convicted for his violent acts, including the deadly downing of a military helicopter in Mexico, in support of his father’s drug trafficking organization.

     
    In July, President Biden issued a new National Security Memorandum (NSM) calling on all relevant Federal departments and agencies to do even more to stop the supply of illicit fentanyl and other synthetic opioids in our country.  The NSM directs increased intelligence collection, more intensive coordination and cooperation across departments and agencies, and additional actions to disrupt the production and distribution of illicit fentanyl.  And the Biden-Harris Administration has called on Congress to pass the Administration’s “Detect and Defeat” counter-fentanyl legislative proposal to increase penalties on those who bring deadly drugs into our communities and to close loopholes that drug traffickers exploit.
     
    As stated above, these measures are having an effect.
     
    Provisional CDC data show a 10% drop in overdose deaths in the 12 months leading up to April 2024 – the largest drop in overdose deaths in recorded history.
     
    Other International Engagements
     
    Under the leadership of President Biden and Vice President Harris, the United States has engaged around the world – both as part of the Coalition and in numerous bilateral and multilateral engagements – to spur global action in the fight against synthetic opioids.
     
    In early 2023, President Biden, together with the President of Mexico and the Prime Minister of Canada, directed the establishment a Trilateral Fentanyl Committee, and the Biden-Harris Administration engages regularly with both countries to tackle the supply chain for fentanyl.
     
    In November 2023, President Biden negotiated the resumption of counternarcotics cooperation with the People’s Republic of China (PRC), spurring the creation of a U.S. – PRC Counternarcotics Working Group that has led to increased cooperation on law enforcement actions and ongoing efforts to shut down companies that fuel illicit fentanyl and synthetic drug trafficking and cause deaths in the United States.  
     
    The United States and India have worked together to increase counternarcotics cooperation, including by signing a new Memorandum of Understanding and Framework for ongoing work to disrupt the supply of fentanyl and other synthetic drugs just this past week. 
     
    The Biden-Harris Administration has worked extensively with law enforcement partners across the globe to hold drug traffickers to account.  These partnerships pay dividends – including by generating support for extraditions that have enabled the United States to put dozens of cartel leaders, drug traffickers, and money launderers behind bars.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Gomez, Sánchez Introduce Bill to Expand Access to Affordable Housing for Veterans

    Source: United States House of Representatives – Congressman Jimmy Gomez (CA-34)

    WASHINGTON, D.C. — Today, Representative Jimmy Gomez, along with Reps. Linda Sánchez, Brad Sherman, Salud Carbajal, Mark Takano, Mike Levin and Ted Lieu (all D-CA) introduced the Fair Housing for Disabled Veterans Act, a bill to ensure Veterans Affairs (VA) disability benefits are not used against veterans to deny them access to affordable housing. 

    Since VA service-connected disability and pension benefits are currently counted as income in applications for federal affordable housing programs, many veterans are being pushed above the income threshold and into homelessness. This bill would address that challenge by codifying guidance updated by the Biden-Harris administration today, ensuring that benefits received for military service, especially for those who sustained a service-connected disability, are not held against veterans when determining affordable housing eligibility requirements.  

    “Our nation’s veterans are being turned away from affordable housing because their disability benefits and pensions put them over the income threshold—we have the responsibility to right that wrong and ensure those who put their lives on the line can live with dignity and respect,” said Rep. Jimmy Gomez. “This bill will exempt these benefits from being considered as income when applying for affordable housing. None of our brave veterans, especially those who were disabled in the line of duty, should be unhoused after they’ve already sacrificed for our freedoms.” 

    “Our veterans deserve to be treated with fairness and respect when searching for affordable housing,” said Rep. Linda Sánchez. “Despite receiving monthly benefits, many veterans with disabilities are still struggling to afford housing and other essential needs. Our bill will ensure veterans are not denied access to affordable housing because of disability benefits, allowing them to live with the dignity they earned through their service.”  

    “Too often disabled veterans are being denied housing, that was specifically built for them, because of this income issue. Veterans have earned their disability benefits, and they shouldn’t be used against them. By codifying this change for the Low-Income Tax Credit Program coupled with the guidance recently issued from then Biden-Harris Administration, this bill will allow more homeless veterans to be housed, getting us closer to our goal of ending veteran homelessness,” said House Committee on Veterans’ Affairs Ranking Member Rep. Mark Takano 

    The Fair Housing for Disabled Veterans Act would amend the Internal Revenue Code to strike consideration of veterans’ service-connected disability and pension payments when determining income qualifications for properties financed with Low-Income Housing Tax Credits and qualified residential bonds. This is similar to how other in-kind federal benefits are treated when applying for housing assistance. 

    The full text of the bill can be found here.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Congressman Sessions Leads Letter To Speaker and Majority Leader Regarding S. 2228

    Source: United States House of Representatives – Congressman Pete Sessions (32nd District of Texas)

    WASHINGTON- Last week, Congressman Pete Sessions (TX-17) led a letter with many of his Texas colleagues requesting that (Kelly-Cruz) S. 2228, the Building Chips in America Act, be brought to the House floor. After passing the Senate with unanimous consent, S. 2228 cleared the House today. This legislation is essential to meet United States economic and national security goals as well as bring chip manufacturing back to American soil. The bill clears bureaucratic roadblocks for semiconductor industry grant recipients by streamlining NEPA regulations. 

    See here for the letter. 

    Congressman Sessions said, “This legislation is of immense importance to Texas. With over 47,000 jobs created and more on the way, Texas is at the forefront of this high-tech manufacturing. Bringing chip manufacturing back to American soil strengthens national security and our economy.”

    MIL OSI USA News

  • MIL-OSI Security: Principal Deputy Assistant Attorney General Doha Mekki Delivers Remarks on the Justice Department’s Lawsuit Against Visa for Monopolizing Debit Markets

    Source: United States Attorneys General

    Remarks as Prepared for Delivery

    This afternoon, the Justice Department filed a monopolization lawsuit about a financial network we do not see but cannot escape. Every year, this financial network processes 157 billion debit transactions. Whether at the grocery store, the pharmacy, the gas station or online, millions of Americans give merchants their debit credentials, allowing them to pay for goods and services directly from their bank accounts. And for Americans of all stripes, they either need or prefer this payment option.

    What those millions of Americans cannot see is that behind every debit transaction is a communications infrastructure that makes it all happen.

    But this infrastructure is neither innovative nor new.

    In fact, it has been around in one form or another since the 1970s. Despite the passage of time, the dawn of new technologies and payment paradigms, one corporation, Visa, is an unavoidable debit network for merchants, banks and consumers. And Visa knows it.

    Visa’s dominance is reflected in its slogan “everywhere you want to be.” But for merchants, banks and consumers, one could just as easily add “whether you want us or not.” Because in fact Visa has not maintained this dominance by innovating, competing on the merits or championing consumer choice. It has done so through exclusion and penalization. Visa’s conduct is unlawful, and today, we filed suit to stop it.

    Visa has a durable monopoly over debit card networks. More than 60% of debit transactions in the United States run on Visa’s debit network, allowing it to charge over $7 billion in fees each year for these transactions. Visa rakes in sky-high margins and faces, in its own words, approximately zero marginal costs.

    Those fees have many names. A domestic service fee. A data processing fee. An acquired service fee. A network acquirer fee. A fixed acquirer network fee.

    Regardless of what they are or who pays them, these fees add up to billions in hidden costs and tolls that must be borne by businesses, working families and the U.S. economy more broadly.

    Visa knows the source of this dominance is its immense scale on both sides of the market. It is widely used by consumers’ banks on the one hand and cannot be avoided by merchants on the other hand. Visa recognizes that this scale is an “enormous moat” that protects and sustains its monopoly debit business and profits.

    As we allege in our complaint, it did not have to be this way. But in the early 2010s, competition threatened to erode Visa’s debit monopoly.

    At that time, this monopoly faced twin competitive threats.

    First, Congress sought to unlock competition and lower prices by requiring banks that issue debit cards to include at least two debit routing options on their cards. This would allow debit payment networks to compete for transactions between consumers and merchants at the point of sale.

    Second, at the same time, technological innovation had sprouted a new paradigm in which merchants and consumers could directly connect with fewer middlemen like Visa.

    Faced with these threats, Visa developed a plan to wield and protect its monopoly power and distort competition for debit transactions. Visa extracted a series of agreements with major merchants, banks that issue debit cards and other key industry players. Those agreements forced merchants who might consider a lower cost rival into a false choice: choose Visa or face ruinous fees on every single Visa transaction.

    There’s more. Visa feared entry by potential fintech competitors like Apple, PayPal and Square. It worried these competitors might have what it described as “network ambitions,” which would threaten Visa’s dominance and centrality in debit. It worried about fintech payment networks gaining scale with both merchants and consumers and “becom[ing] a viable merchant option: positioned and priced as a ‘Substitute for Debit.’”

    So, Visa began co-opting and neutralizing competition by turning rivals and potential competitors into Visa “partner[s]” on the condition they did not develop competing payment products.

    Visa offered payoffs to incentivize potential competitors to keep out of the debit market. It also threatened potentially ruinous financial penalties if up-and-coming competitors innovate in ways Visa dislikes. As Visa’s then-chief financial officer (CFO) explained in 2023, Visa makes “it worth their while to partner with us.”

    Through these agreements, Visa shrewdly and deliberately built for itself the cosseted life of a monopolist in which, as Visa’s CFO emphasized, “Everybody is a friend and partner. Nobody is a competitor.” But the antitrust laws have something to say about that. And that is why we have filed today’s lawsuit against Visa.

    For more than a century, the Justice Department has fought anticompetitive conduct in financial services markets. From stopping mergers that threaten affordable access to banking, like Philadelphia National Bank, to breaking up the rules that restricted competition on the NASDAQ, the division has made clear the antitrust laws protect the financial system that benefits small and large businesses, and consumers, from monopolists and anticompetitive behavior alike. Today’s case follows the long and storied legacy of the Antitrust Division to vindicate competition in American commerce.

    In closing, I would like to thank the incredibly hardworking, brilliant and service-minded attorneys, economists and paralegals of the Antitrust Division. Their tireless efforts to restore economic justice to this critical market resulted in today’s filing. I am proud every day to be their colleague, but especially today.

    MIL Security OSI

  • MIL-OSI USA: Congresswomen Pettersen, Salazar Introduce Bipartisan Bills to Improve Retirement Security for Family Caregivers

    Source: United States House of Representatives – Representative Brittany Pettersen (Colorado 7th District)

    Washington, D.C. – Congresswomen Brittany Pettersen (CO-07) and Maria Elvira Salazar (FL-27) introduced two bipartisan, bicameral bills that would allow family caregivers to better save for retirement. These bills—the Improving Retirement Security for Family Caregivers Actand the Catching Up Family Caregivers Act—would help address the financial challenges faced by individuals who leave the workforce to care for loved ones, often sacrificing their own long-term financial security. Companion bills were introduced by U.S. Senators Susan Collins (R-ME) and Mark Warner (D-VA). 

    “Caregivers do some of the most important but underappreciated work in our country,” said Representative Pettersen. “Caregivers do everything from cooking meals, administering medications, paying bills, and driving their loved ones to frequent medical appointments. Caregivers often take a significant financial hit when they take time out of the workforce to prioritize their loved ones and many struggle with their own financial security and ability to save in the long term. These two pieces of legislation make it easier for caregivers to save for retirement, ensuring they can take care of their own financial health while caring for their family.”

    “Caregiving is one of the most important jobs, but our current policies penalize selfless Americans who look after their loved ones,” said Representative Salazar. “I’m proud to co-lead the Improving Retirement Security for Family Caregivers Act and the Catching Up Family Caregivers Act, which will reward caregivers with new opportunities to secure a dignified retirement.”

    “Family caregivers provide critical support to their loved ones, yet many are forced to step away from work, significantly inhibiting their ability to save for retirement,” said Senator Collins. “Our bipartisan bills would give these individuals a better opportunity to build a secure financial future and help ensure they are not penalized for the vital care they provide.”

    “Family members often make tremendous sacrifices to leave the workforce and care for their aging relatives, and as a result, they miss out on key years of saving for their own golden years,” said Senator Warner. “We need to make it easier for those folks to continue their essential care work while also securing their own financial futures. I’m proud to introduce bills that would give these family caregivers the flexibility to continue contributing to retirement accounts so it’s easier for more people to care for aging relatives without obstructing their own ability to retire with dignity.”

    “Caring for a loved one living with Alzheimer’s or other dementia too often takes a devastating toll on caregivers, with many experiencing substantial emotional, financial and physical difficulties,” said Robert Egge, Alzheimer’s Association Chief Public Policy Officer and AIM president. “These two bipartisan bills will support our nation’s dementia caregivers by improving access to retirement resources that can help offset some of the financial challenges faced by families impacted by this disease. Thank you to Sens. Collins and Warner for introducing these bills and for your dedication to the Alzheimer’s community.”

    “Edward Jones is grateful for Senator Collins’ leadership in introducing the Improving Retirement Security for Family Caregivers Act and Catching-up Family Caregivers Act,” said Dr. Lamell McMorris, Principal and Head of Policy, Regulatory & Government Relations for Edward Jones. “We know through our experience, that caregivers make significant sacrifices in providing care to loved ones, which can impact their personal financial security and retirement readiness. We believe that this bipartisan legislation will provide savings opportunities to improve the financial futures of millions of Americans and their families.”  

    “Business leaders and HR professionals are responsible for designing and implementing benefit plans that meet the needs of their team members. However, too often, caregiver support is not considered. People are living longer, and workers are caring for both children and elderly parents simultaneously. If we intend to lead with empathy, providing employees with the opportunity to care for ill, injured, or aging loved ones must be a priority,” said Emily M. Dickens, Chief of Staff and Head of Public Affairs, SHRM.  “That is why we are honored to support the Improving Retirement Security for Family Caregivers Act and the Catching Up Family Caregivers Act.  SHRM is pleased to see the bipartisan progress in Congress being made to help employees reconstitute their retirement nest egg after a period of intensive caregiving.”

    “Family caregivers often pause their careers and retirement savings to provide essential care for loved ones, a service vital to both families and the economy. However, this time away from paid work can result in reduced income and benefits, potentially leading to future financial difficulties, particularly in retirement,” said Jason Resendez, CEO & President of the National Alliance for Caregiving. “If enacted, the Improving Retirement Security for Family Caregivers Act and the Catching Up Family Caregivers Act would represent progress towards acknowledging and addressing the economic sacrifices too many family caregivers make.”

    Women often take time away from careers to care for their families, resulting in a significant loss to their retirement savings. According to the Center for American Progress, an average 26-year-old female making $60,000 a year who leaves the workforce for five years to care for her children will lose close to one million dollars over her lifetime due to lost retirement assets and wage growth. A recent study from the Edward Jones Grassroots Taskforce found that 64 percent of women say their caregiving duties have negatively impacted their ability to save towards their long-term financial goals. Those taking care of an aging parent often face similar repercussions to being a family caregiver. In 2020, AARP found that three in ten caregivers have stopped contributing to their savings. Therefore, these proposals would allow those who dedicate at least 500 hours to family caregiving and are unemployed or severely underemployed the ability to contribute to their retirement now and later.

    The Improving Retirement Security for Family Caregivers Act would allow family caregivers to contribute up to $7,000 annually to a Roth IRA, even if their income falls below that threshold. Current law caps contributions at the lower of $7,000 or yearly income, limiting caregivers’ ability to save for retirement when their earnings are reduced due to caregiving responsibilities. By eliminating this income cap for family caregivers, the bill would help to ensure that they can continue to save for retirement despite their reduced wages.

    The Catching Up Family Caregivers Act would allow family caregivers to make catch-up contributions to employer-sponsored retirement plans, an option typically reserved for those over age 50. For every year they are out of the workforce, caregivers could be eligible for an additional year of catch-up contributions, up to a maximum of five years. This provision would help caregivers who miss critical savings years get back on track with their retirement planning.

    Both pieces of legislation are supported by the Alzheimer’s Association, the Edward Jones Grassroots Task Force, the Society for Human Resources Management (SHRM), the Insured Retirement Institute, and the National Alliance for Caregiving.

    The complete text of the Improving Retirement Security for Family Caregivers Act can be read here. 

    The complete text of the Catching Up Family Caregivers Act can be read here.

    MIL OSI USA News

  • MIL-OSI USA: Reps. McGarvey, Barr Introduce Resolution to Recognize Bourbon Heritage Month

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

    September 24, 2024

    WASHINGTON, D.C. (September 24, 2024) – Today, Representatives Morgan McGarvey (KY-03), and Andy Barr (KY-06), co-chairs of the Congressional Bourbon Caucus, introduced a resolution recognizing the month of September as National Bourbon Heritage Month and honoring over two centuries of bourbon history in Kentucky.

    “Kentucky is the birthplace of bourbon—its heritage is woven throughout two centuries of our commonwealth’s history,” said Rep. McGarvey. “I love working alongside Rep. Barr, as co-chairs of the Congressional Bourbon Caucus, to strengthen one of Kentucky’s signature industries and biggest economic drivers, and I’m proud to introduce this resolution to honor the significance and history of America’s Native Spirit.”

    “Bourbon is more than just a beverage – it’s a proud symbol of Kentucky’s rich heritage and craftsmanship,” said Rep. Barr. “I’m honored to join my colleague, Rep. Morgan McGarvey, in introducing a resolution to designate September as Bourbon Heritage Month, celebrating an industry that supports thousands of jobs and contributes significantly to our state and national economy. This month, we raise a glass to the tradition, innovation, and passion that make Kentucky bourbon the best in the world.”

    Congress first declared bourbon – the only spirit distinctive to the United States – as “America’s Native Spirit” in 1964, and the U.S. Senate recognized September as National Bourbon Heritage Month in 2007, with the passage of a resolution sponsored by Sen. Jim Bunning of Kentucky. 

    Representative McGarvey’s resolution declares September 2024 “National Bourbon Heritage Month” and reaffirms bourbon’s place as America’s only native spirit. The resolution also celebrates Kentucky as the birthplace and home of bourbon, acknowledges bourbon’s contribution to Kentucky’s economy and agricultural industry, and commemorates the 25th anniversary of the Kentucky Bourbon Trail. 

    ###

    MIL OSI USA News

  • MIL-OSI USA: Sullivan: Biden Downplays Failed Iran Policies & Global Chaos in Final UN Speech

    US Senate News:

    Source: United States Senator for Alaska Dan Sullivan

    09.24.24

    President mentions climate change three times more than Iran in remarks

    WASHINGTON—In an interview this morning with Harris Faulkner on Fox News Channel, U.S. Senator Dan Sullivan (R-Alaska), the Republican Senate representative to the 79th United Nations General Assembly (UNGA) in New York, condemned the misguided foreign policy priorities highlighted in President Biden’s final speech to the UN on Tuesday. In a Wall Street Journal op-ed last weekend, Sen. Sullivan urged President Biden to use the speech as an opportunity to course correct on the administration’s failed appeasement policies toward Iran, which have emboldened the terrorist regime and its proxies and spread chaos throughout the world.

    “President Biden mentioned climate change six times and Iran just twice in his speech to the UN. If that’s not indicative of the Biden-Harris administration’s priorities, I don’t know what is,” said Sen. Sullivan. “What we’ve seen is chaos throughout the world. This is his last foreign policy speech. Americans and people around the world need to ask this question: Are Americans and our allies safer today than we were four years ago? The answer is absolutely not. One of the biggest areas in which this has been true, and is a failure of this administration, is the appeasement of Iran. Iran is the agent of chaos everywhere—and this administration has appeased Iran in every sphere.”

    Senator Sullivan has frequently criticized the Biden-Harris administration’s weakness exhibited toward Iran and pushed for a return to Trump-era sanctions aimed at re-establishing deterrence against Iran and its terrorist proxies.

    [embedded content]

    Click here or the image above to watch Sen. Sullivan’s interview.

    SULLIVAN: The Biden-Harris Administration has Appeased Iran in Every Sphere

    HARRIS FAULKNER: We don’t know what Kamala Harris’ foreign policy is going to be. We just saw the last speech by the sitting president, and it was not strong considering the breaking news right now. There is a war now across that line between Lebanon and Israel. If this is what we get under President Biden, what in the world would we get under Vice President Kamala Harris if she wins the White House?

    SENATOR SULLIVAN: It’s such an important question. You just saw the speech, right? Biden mentions climate change six times and Iran twice. If that’s not indicative of this administration’s priorities—Biden-Harris—I don’t know what is. What we’ve seen is chaos throughout the world. This is his last foreign policy speech. I think Americans and people around the world need to ask this question: Is America and our allies safer today than we was four years ago? The answer is absolutely not. And one of the biggest areas in which that has been true, and a failure of this administration, is the appeasement of Iran—that Iran is the agent of chaos everywhere. Your reporting right now is just showing that. They have appeased Iran in every sphere.

    As you mentioned, I think with Kamala Harris, it would be way worse. You have to compare the record of the Trump administration with regard to Iran where we reestablished deterrence, put them in a box, crushed them economically, killed their terrorist leaders, and launched a peace initiative with the Abraham Accords. It’s such a contrast in terms of records.

    SULLIVAN: Trump-Era Sanctions Against Iran are the Most Effective Tools in Re-Establishing Deterrence

    FAULKNER: All right. I want to get to two things. First of all, Major General Ryder told us yesterday, and then filled in the blanks a little bit, saying, “Well, it’s a small number that they’re sending to the Middle East to shore up the 40,000 who are there.” Well, that’s anything less than 40,000. What is happening—you’re on Armed Services—what is happening that you can tell us that’s next for the United States in that region? And keeping in mind we have to back Israel.

    SULLIVAN: We 100 percent have to back Israel. One of the things that’s been so frustrating with this administration is that some of the most effective tools that we have in terms of backing Israel and in re-establishing deterrence with regard to Iran, aren’t necessarily military tools. Let me give you the best example. The Trump administration undertook maximum sanctions against the Iranian oil and gas industry.

    By the end of the Trump administration, Iran’s economy was in free-fall. They were exporting only about 200,000 barrels a day. They had about $4 billion in foreign reserves, which was nothing. The Biden-Harris administration comes in, day one, they stop enforcing these sanctions. What does that do? Iran is exporting almost 3 million barrels a day, has close to $100 billion in foreign reserves. What are they doing with that? They’re funding and equipping and training Hezbollah, the Houthis, Hamas.

    So a lot of this appeasement has been just reversing what the Trump administration did so well and you’re seeing the chaos all over the Middle East. Biden and Harris should at least reimpose these sanctions.

    SULLIVAN: Russian-Chinese Incursions into Alaska are a Sign of Weakness of Biden-Harris Administration

    FAULKNER: You broke some news with me in the hallway as we were coming to set. I want to just take a moment. Russia. We cannot take our eyes off Russia. You said a fourth incursion. What’s happening in Alaska?

    SULLIVAN: It’s actually 5. In the last two weeks, we’ve had five Russian bear bomber incursions into our ADIZ—our airspace. Our great men and women in the military have gone up and intercepted these aircraft. By the way, Harris, just about a month and a half ago, we had a joint Russian Chinese bear bomber incursion into the Alaska airspace. Strategic bombers with fighters. We had to go turn them around.

    But, again, this is showing the weakness of the Biden-Harris administration. This level of aggressiveness from the two biggest adversaries in my part of the world, Alaska, the Arctic, the North Pacific, is unprecedented. They’ve never done these kind of joint patrols. They’re doing it with regard to the Navy too in Alaska waters. We have a lot going on in terms of aggressiveness of our adversaries. The best way to address that is to regrow our military. This administration won’t do that.

    MIL OSI USA News

  • MIL-OSI New Zealand: Dairy Sector – Fonterra announces lift in Farmgate Milk Price and FY25 earnings guidance

    Source: Fonterra

    Fonterra Co-operative Group Ltd has today announced a 50 cent lift in its 2024/25 forecast Farmgate Milk Price midpoint to $9.00 per kgMS and FY25 earnings guidance of 40-60 cents per share.  

    CEO Miles Hurrell says the lift in this season’s forecast Farmgate Milk Price follows further recent strengthening in Global Dairy Trade prices and constrained milk supply in key producing regions.  

    “I’m pleased to be announcing an increase in this season’s forecast Farmgate Milk Price, which I’m sure will be welcome news for farmers, particularly when combined with the 55 cent total dividend for FY24 also announced by the Co-op today,” says Mr Hurrell.  

    Fonterra’s new forecast Farmgate Milk Price range for the 2024/25 season is $8.25-$9.75 per kgMS, with the Co-op continuing to maintain the wide range due to the relatively early stage of the season.  

    “We’ve also announced today our forecast earnings for FY25 of 40-60 cents per share,” says Mr Hurrell.  

    “The forecast earnings range reflects an expectation we will maintain strong margins in all three of our sales channels, while also investing in the Co-op’s IT & digital transformation and incurring higher tax expenses,” says Mr Hurrell.  

    Fonterra advises that, after several years of strong earnings performance, the Co-op exhausted its tax losses in FY24 and will now be paying tax.  

    Chief Financial Officer Andrew Murray says that “as a result of this change, when we declare a dividend from FY25 and beyond, imputation credits will now be available to be attached to our dividend.  

    “To enable all shareholders to receive the imputation credits, we are changing how we treat supply backed shares for tax purposes which means that more tax will be paid by Fonterra.

    “While this does not impact the operating performance of Fonterra, it will reduce our reported earnings per share in future years, as Fonterra will have paid the tax on the cash to be distributed,” says Mr Murray.

    About Fonterra 

    Fonterra is a co-operative owned and supplied by thousands of farming families across Aotearoa New Zealand. Through the spirit of co-operation and a can-do attitude, Fonterra’s farmers and employees share the goodness of our milk through innovative consumer, foodservice and ingredients brands. Sustainability is at the heart of everything we do, and we’re committed to leaving things in a better way than we found them. We are passionate about supporting our communities by Doing Good Together. 

    Non-GAAP financial information  

    Fonterra uses several non-GAAP measures when discussing financial performance. Non-GAAP measures are not defined or specified by NZ IFRS.    

    Management believes that these measures provide useful information as they provide valuable insight on the underlying performance of the business. They may be used internally to evaluate the underlying performance of business units and to analyse trends. These measures are not uniformly defined or utilised by all companies. Accordingly, these measures may not be comparable with similarly titled measures used by other companies. Non-GAAP financial measures should not be viewed in isolation nor considered as a substitute for measures reported in accordance with NZ IFRS.  

    Non-GAAP measures are not subject to audit unless they are included in Fonterra’s audited annual financial statements.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Business Results – Fonterra continues momentum in FY24, announces special dividend

    Source: Fonterra 

    Profit after tax: NZ $1,168 million
    Continuing operations EBIT*: NZ $1,560 million
    Continuing operations earnings* per share: 70 cents per share
    Return on capital: 11.3%
    Total dividend: 55 cents per share, comprising:

    • 15 cent interim and 25 cent final dividend 
    • 15 cent special dividend
    • Full year milk collections: 1,471 million kgMS  
    • Final 2023/24 season Farmgate Milk Price: NZ$7.83 per kgMS.

    Fonterra Co-operative Group Ltd has today reported strong FY24 full year financial results, including a final 2023/24 season Farmgate Milk Price of $7.83 per kgMS and a total dividend of 55 cents per share.

    CEO Miles Hurrell says the payout reflects both Fonterra’s continued strong earnings performance and the long-term resilience of the Co-op.  

    “We’ve maintained the positive momentum seen in FY23 and delivered earnings at the top end of our forecast range.

    “Our total dividend of 55 cents per share is the second largest since Fonterra was formed. It includes a 15 cent interim dividend and a 25 cent final dividend driven by strong FY24 earnings.  

    “In addition, our capital management efficiency and ongoing balance sheet strength have enabled us to return an extra 15 cents per share to farmer shareholders and unit holders through a special dividend.  

    “The final Farmgate Milk Price for the 2023/24 season finished at $7.83 per kgMS. This, combined with the 55 cents per share dividend, provides a total cash payout to a fully shared up farmer of $8.38 per kgMS.

    “Our Co-op is in good shape, and I’m pleased to have delivered another year of solid returns to farmer shareholders and unit holders.  

    “Looking ahead, we’re well placed to consider the next phase of our strategy to grow long-term value for the Co-op,” says Mr Hurrell.  

    Business performance  

    The Co-op reported a return on capital for FY24 of 11.3%, above the target range for FY24.  

    Earnings (EBIT) from continuing operations were $1,560 million and continue to be well above previous years, albeit down on FY23 which benefited from elevated price relativities.  

    Fonterra’s profit after tax from continuing operations was $1,168 million, equivalent to 70 cents per share.

    “Our FY24 earnings were driven by higher margins and increased sales volumes in our Foodservice and Consumer channels. Our Ingredients channel also continued to deliver strong returns, although down when compared to the record result seen in FY23,” says Mr Hurrell.  

    Sales volumes from continuing operations were down 1% to 3,470 kMT and gross margins were maintained at 17%.  

    “We remain focused on making progress against our two efficiency metrics while also investing in the areas that will improve long-term performance and the resilience of the Co-op.

    “Our core operations manufacturing costs per kgMS reduced year-on-year by 2% to $2.58 per kgMS, reflecting both operational improvements and improved input costs.  

    “Across the year we also achieved savings in our operating expenses which largely offset the impacts of inflation. However, our cash operating expenses per kgMS are up mainly due to our investment in IT and digital transformation projects.

    “Our balance sheet position remains strong, providing optionality and flexibility for the future and resilience against volatility.

    “We have net debt of $2.6 billion, $600 million lower than last year, due to strong underlying operating performance.  

    Our gearing ratio of 24% reflects our lower net debt position and higher equity from strong earnings,” says Mr Hurrell.

    Co-op strategy  

    This year, Fonterra completed a strategic review that reinforced the role of its Foodservice and Ingredients channels and confirmed its strengths in partnering with customers to produce world-class, innovative dairy.    

    As a result of this work, in May the Co-op announced that it is exploring divestment options for its global Consumer business, as well as Fonterra Oceania and Sri Lanka.

    “Over the last few months, we have appointed advisors to assist with assessing divestment options for our Consumer businesses and this work is ongoing,” says Mr Hurrell.  

    “As we can see from today’s result, the businesses in scope for potential divestment are performing well. We remain committed to a pathway that would maximise value of these businesses for our farmer shareholders and unit holders.  

    “Alongside this, we have revised our strategy to have a sharper focus on the Co-op’s strengths and where we can best create value.

    “We will be sharing this revised strategy, as well as the outcomes shareholders and unit holders can expect from the Co-op, next week,” says Mr Hurrell.  

    *Excludes earnings from discontinued operations. In FY24 discontinued operations were DPA Brazil and in FY23 discontinued operations were DPA Brazil, Soprole and China Farms.

    About Fonterra  

    Fonterra is a co-operative owned and supplied by thousands of farming families across Aotearoa New Zealand. Through the spirit of co-operation and a can-do attitude, Fonterra’s farmers and employees share the goodness of our milk through innovative consumer, foodservice and ingredients brands. Sustainability is at the heart of everything we do, and we’re committed to leaving things in a better way than we found them. We are passionate about supporting our communities by Doing Good Together. 

    If you no longer wish to receive media releases from Fonterra, please click here to opt out.

    Non-GAAP financial information  

    Fonterra uses several non-GAAP measures when discussing financial performance. Non-GAAP measures are not defined or specified by NZ IFRS.    

    Management believes that these measures provide useful information as they provide valuable insight on the underlying performance of the business. They may be used internally to evaluate the underlying performance of business units and to analyse trends. These measures are not uniformly defined or utilised by all companies. Accordingly, these measures may not be comparable with similarly titled measures used by other companies. Non-GAAP financial measures should not be viewed in isolation nor considered as a substitute for measures reported in accordance with NZ IFRS.  

    Non-GAAP measures are not subject to audit unless they are included in Fonterra’s audited annual financial statements.

    MIL OSI New Zealand News

  • MIL-OSI USA: North Dakota joins national coalition of states working to raise college completion rates

    Source: US State of North Dakota

    Gov. Doug Burgum and the North Dakota University System (NDUS) today announced that the state of North Dakota has officially joined the Complete College America (CCA) Alliance, a national coalition of 53 states, systems, institutions of higher education and other organizations committed to increasing the number of students who successfully complete college and attain degrees or other postsecondary credentials. 

    “North Dakota’s future success depends on our ability to align higher education with workforce demands and the changing economic landscape,” Burgum said. “Strengthening our commitment to closing workforce and talent gaps is critical to ensuring that we not only adapt but lead the way in the decades ahead. By collaborating with national leaders and experts, we can empower more of our residents with the skills and credentials they need to thrive, while addressing the needs of our students and our state.”

    More than half (56.4 percent) of North Dakotans ages 25-64 hold a college degree or postsecondary credential, surpassing the national average of 54.3%, according to a 2023 Lumina Foundation Report. North Dakota aims to increase this to 65% by 2025. A study conducted by the Georgetown Center for Education and the Workforce predicts that by 2031, approximately 71% of jobs in North Dakota will require some additional form of education after high school, whether that is a four-year degree, two-year degree or certificate program.

    “Preparing North Dakotans for the jobs of today and tomorrow means investing in the kind of effective, targeted education and training opportunities needed to navigate an increasingly technology-driven economy and workforce,” said Tim Mihalick, chair of the North Dakota State Board of Higher Education. “Our membership in this national coalition will bring data-informed strategies, research and innovation to our state – and new resources to deliver on the promise of partnering with other states and leaders to implement proven strategies and introduce new practices to prepare more North Dakotans for future jobs.”

    By joining the Alliance as the 53rd member, the state will increase its commitment to college completion for the state’s two research universities, four regional universities and five community colleges serving nearly 45,000 students. The initiative also aligns with the state’s Envision 2035 strategic plan, which is focused on ensuring the state’s public higher education system is preparing students for the future of work and lifelong economic opportunity and mobility. 

    As a member of the CCA Alliance, North Dakota leaders will work with CCA and teams of higher education leaders and state policymakers across the country to implement data-driven and evidence-based policies proven to help more students complete a degree or credential of value on time. 

    “North Dakota’s Envision 2035 plan is boldly preparing the state’s workforce for an economy that can not only deliver better jobs, but also increase earning potential and career opportunity through an increasingly diverse set of industries and employers,” said Dr. Yolanda Watson Spiva, president of CCA. “Complete College America is proud to welcome North Dakota to the Alliance and committed to helping build a system of higher education that is responsive to the needs of this rapidly evolving state economy.” 

    To schedule an interview with a representative from the North Dakota University System or Complete College America, please email media@completecollege.org.

    MIL OSI USA News

  • MIL-OSI Security: Principal Deputy Associate Attorney General Benjamin C. Mizer Delivers Remarks on the Justice Department’s Lawsuit Against Visa for Monopolizing Debit Markets

    Source: United States Attorneys General 7

    Thank you, Attorney General Garland.

    Today, the Department brings this antitrust action against Visa for monopolizing the debit market. Our complaint describes how Visa has maintained this monopoly — not by competing on the merits, but by threatening merchants and banks with higher rates if they do business with Visa’s competitors. And we explain how Visa has further entrenched its dominance by disrupting innovations that threaten to loosen its control.

    Visa is a classic example of a middleman that takes advantage of its role as gatekeeper to stamp out competition. Because companies like Visa facilitate commercial transactions, they have the power to exercise considerable control over the markets in which they operate. These middlemen can use that power to make those markets more efficient, offering more choices and more affordable products. Or, like Visa, they can try to use that power to hike fees on customers and stifle innovation.  

    More and more, we are seeing these kinds of intermediaries gain control in a broad range of industries — from healthcare to online advertising to live music to housing. As today’s action demonstrates, we remain dedicated to stopping these middlemen from exploiting their power to increase their profits while consumers get harmed.

    Today’s action also reflects our continued commitment to ensuring economic justice for all Americans and fighting illegal conduct that unfairly raises prices.

    Every day, millions of Americans use debit cards to buy groceries, clothing, and other necessities. Many Americans rely exclusively on debit cards. That is particularly true of younger or less affluent individuals who are unable to obtain credit cards or who prefer not to use them. When merchants raise their prices to cover Visa’s exorbitant fees, the burden of Visa’s anticompetitive conduct falls disproportionately on Americans who are less well off, and who feel the impact of high prices most painfully.

    Promoting competition through antitrust enforcement levels the playing field and plays a critical part in advancing economic opportunity and equity. But our work to ensure economic opportunity for all Americans, regardless of income status, spans the entire Department. It includes the Civil Division’s work to protect vulnerable seniors from financial fraud. And it includes the Environment and Natural Resources Division’s fight to ensure all Americans, including people in Native communities, have access to clean air, safe drinking water, and a healthy environment. Today’s action against Visa makes clear that we will continue to focus our resources on advancing economic justice and equity.  

    Before I close, I would like to thank the staff and leadership of the Antitrust Division for their extraordinary work on this matter. The Department is incredibly grateful for your continued dedication and professionalism.

    With that, I will turn the podium over to Principal Deputy Assistant Attorney General Doha Mekki.   

    MIL Security OSI

  • MIL-OSI Security: Attorney General Merrick B. Garland Delivers Remarks on the Justice Department’s Lawsuit Against Visa for Monopolizing Debit Markets

    Source: United States Attorneys General 7

    Remarks as Delivered

    Good afternoon.

    Earlier today, the Department of Justice sued Visa for violating Sections 1 and 2 of the Sherman Antitrust Act.

    We allege Visa is a monopolist in the debit transaction markets that is violating federal antitrust law and inflicting often hidden, but significant, harm on American consumers and businesses.

    Visa operates the largest debit network in the United States.

    A debit network facilitates the electronic transfer of funds directly from a consumer’s bank account to the merchant’s bank account in a retail transaction. Millions of Americans prefer to use debit transactions, which are often the primary option for lower income consumers without a credit card.

    In the United States, over $4 trillion of debit card transactions take place every year. Over 60% of those transactions, and over 70% of all online debit transactions, are routed through Visa’s electronic payment network.

    According to Visa’s own calculations, it is insulated from competition for 75 to 80% of debit transactions initiated with a Visa branded debit card.

    We allege that, to maintain this monopoly power, Visa deploys a web of unlawful, anticompetitive agreements to penalize merchants and banks for using competing payment networks.  

    At the same time, it coerces would-be market entrants into unlawful agreements not to compete by threatening high fees if they do not cooperate and promising big payoffs if they do.

    The result is a debit market where Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market.

    Merchants and banks pass along those costs to consumers, either by raising prices or reducing quality or service. As a result, Visa’s unlawful conduct affects not just the price of one thing — but the price of nearly everything.

    When a bank issues a debit card, it chooses which electronic payment networks will be authorized to process the card’s transactions.

    When a debit card holder uses that card to buy something from a merchant, the merchant — or, for a smaller merchant, its bank — must choose which of the issuer’s accepted networks it will use to process the transaction.

    We allege that Visa has virtually eliminated that choice.

    It has done so, not by offering the most competitive rates or the most innovative product, but by unlawfully structuring its contracts to disincentivize merchants and banks from doing business using competitor electronic payment networks.

    Visa knows it is a “must carry” network for banks and merchants alike. That means all merchants and banks must contract with Visa because certain purchases using a Visa debit card can only be completed through its network.

    Visa uses that leverage to get banks and merchants to agree to what are known as “volume requirements.” These provisions require banks and merchants to direct a large amount of their transactions to Visa or else face higher fees.

    As a result, when merchants weigh the decision of which electronic payment network to use for a given transaction, they cannot choose the authorized network with the lowest price or best offering for that transaction. Instead, they operate under the threat that, if they do not process enough of their payments through Visa, they will face exorbitant fees on all Visa debit transactions.

    Today, Visa collects more than $7 billion each year in network fees on U.S. debit transactions, with a significant part of that sum resulting from Visa’s illegal conduct.

    In addition to entering into anticompetitive contracts for use of its network, we allege that Visa unlawfully uses its monopoly power to discourage potential rivals — particularly technology companies — from competing in the debit transaction market. In a Visa executive’s own words, it views potential entrants with deep merchant consumer networks as an “existential threat” to its debit business.

    As outlined in our complaint, Visa has expressed fear that its self-described “frenemies” in Big Tech would launch technology that competes with Visa by enabling payment directly from consumers’ bank accounts.

    For example, in the case of Square, the company that operates the digital wallet known as CashApp, Visa has entered into a series of contracts that discourage Square from competing aggressively against Visa. Or as a Visa executive stated, “we’ve got Square on a short leash.”

    Entering into contracts with would-be competitors to prevent them from becoming actual competitors is an unlawful agreement not to compete that violates Section 1 of the Sherman Antitrust Act. And leveraging monopoly power to limit competitors’ ability to gain market share violates Section 2 of that Act.

    I am grateful to the Department’s Antitrust Division for their excellent work on this case over the past three years.

    That includes the leaders of the Division who are standing behind me, as well as the dedicated career attorneys and staff who work tirelessly to protect consumers and ensure competitive markets.

    Today’s lawsuit against Visa is only the latest example of the Justice Department’s work to enforce the antitrust laws and hold accountable companies that undermine competition and harm the American people.

    In some of the Justice Department’s antitrust enforcement actions, the harm caused by the alleged illegal conduct is more visible — higher prices for air travel, for concert tickets, for smartphones.

    The harmful effects of Visa’s alleged anticompetitive conduct are less visible. But they are no less harmful.

    While “Visa” is the first name many debit card users see when they take out their card to make a purchase, they do not see the role that Visa plays behind the scenes. There, it controls a complex network of merchants, financial institutions, and consumers.

    What the Justice Department sees — and what we allege in this lawsuit — is that Visa is a monopolist that is distorting the marketplace for debit transactions.

    It is unlawfully blocking competition. It is depriving American banks, merchants, and consumers of lower costs and product innovation. It is charging a hidden toll on each of trillions of transactions, adding up to billions of dollars of fees imposed annually on American consumers and businesses.

    I’m now going to turn the podium over to Principal Deputy Associate Attorney General Ben Mizer. Thank you all.

    MIL Security OSI

  • MIL-OSI: authID Appoints Identity Industry Veteran Erick Soto as Chief Product Officer

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Sept. 24, 2024 (GLOBE NEWSWIRE) — authID Inc. (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced the appointment of Erick Soto as Chief Product Officer.

    Mr. Soto, a seasoned product leader with over 15 years of industry experience, comes to authID after serving as a Chief Product Officer and adviser to successful identity verification providers, financial technology businesses, and neobanks. In his new role, Soto will oversee the evolution of the authID platform for biometrically onboarding and authenticating customers’ employees and consumers. He will direct a robust group of developers and designers working on the continuous improvement of authID’s Proof and Verified product lines to enhance performance, functionality and user experience.

    Most recently serving as the Chief Product Officer at Oxygen Health, a neobank and provider of health benefit plans, Soto has also held identity positions as the Chief Product Officer – New Digital Initiatives at BBVA, the global financial services group, and as the VP of Product at Socure, a provider of identity verification and fraud prevention solutions, where he partnered with authID Chief Executive Officer, Rhon Daguro, to build Socure into a unicorn valued at $4.5 billion.

    “We are excited to welcome a leader of Erick’s caliber to authID,” said Rhon Daguro. “authID will greatly benefit from Erick’s industry knowledge and experience, and it is our history of collaboration in shaping several of this industry’s most successful identity technologies that will ultimately drive increased value for our customers. I look forward to working closely with Erick again, as we continue to deliver solutions that provide our enterprise customers with absolute knowledge of who is behind the device, while also granting their users enhanced privacy protections.”

    authID continues to enhance its industry-leading processing time, liveness detection, and precision in differentiating legitimate users from fakes and frauds, and also provides cutting-edge capabilities for safeguarding the privacy of users’ biometric data. 

    “I am thrilled to join the authID team at this exciting time for the business,” said Erick Soto, Chief Product Officer. “I was drawn to authID because of the strength and precision of its fraud-fighting technology, and the potential to take the platform even further. Building on their years of success in delivering top-tier identity solutions gives me a strong foundation to drive further progress in identity verification and authentication. We face both known and emerging threats, and our customers rely on authID to stay ahead of these challenges while enabling them to safely onboard new users, secure accounts and protect privacy.”

    About authID
    authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, FIDO2 passwordless login, and biometric authentication and account recovery, with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and the more accurate user identity experience demanded by today’s digital ecosystem. Discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks and account takeover at www.authID.ai.

    Investor Relations Contacts

    Gateway Group, Inc.
    Cody Slach and Alex Thompson
    1-949-574-3860
    AUID@gateway-grp.com

    Investor-Relations@authid.ai

    Media Contact
    Walter Fowler
    NextTech Communications
    1-631-334-3864
    wfowler@nexttechcomms.com

    The MIL Network

  • MIL-OSI United Kingdom: Britain’s return to responsible global leadership will help drive growth at home, Prime Minister to tell United Nations

    Source: United Kingdom – Executive Government & Departments

    Britain will return to responsible global leadership under my watch, the Prime Minister will tell the UN General Assembly in New York this week.

    • Prime Minister will travel to New York today to participate in United General Assembly meetings with important international partners. 

    • He will contribute to sessions on major global challenges such as the situation in Ukraine, the Middle East and climate change. 

    • PM will pledge to return the UK to responsible global leadership to tackle the issues that rebound on British people at home.

    Britain will return to responsible global leadership under my watch, the Prime Minister will tell the UN General Assembly in New York this week.  

    He will use several interventions across his two-day visit to argue that our participation and reputation abroad is directly linked to our security, stability and prosperity at home. 

    In a speech to the UN General Assembly on Thursday, he will say that it is only by being a reliable and trusted international partner, working together to solve global problems such as war, poverty and climate change – that we can build a safer and more prosperous UK. 

    The Prime Minister will say: 

    We are returning the UK to responsible global leadership. This is the moment to reassert fundamental principles and our willingness to defend them. To recommit to the UN, to internationalism, to the rule of law. 

    Because I know that this matters to the British people. War, poverty and climate change all rebound on us at home. They make us less secure, they harm our economy, and they create migration flows on an unprecedented scale.  

    The British people are safer and more prosperous when we work internationally to solve these problems, instead of merely trying to manage their effects. So, the responsible global leadership that we will pursue is undeniably in our self-interest.

    He will use his speech to set out how the UK will step up to play its part, guided by the rule of law, in tackling these challenges in a world that is increasingly dominated by conflicts – including those in Ukraine, the Middle East and Sudan.

    It follows a major drive by the Prime Minister in his first few months in office to reset the UK’s relationship with its key allies and prove that Britain is back as a major player on the world stage – a key part of his ambition to drive growth and improve the lives of hardworking British people.

    Updates to this page

    Published 24 September 2024

    MIL OSI United Kingdom

  • MIL-OSI USA: Principal Deputy Assistant Attorney General Doha Mekki Delivers Remarks on the Justice Department’s Lawsuit Against Visa for Monopolizing Debit Markets

    Source: US Justice – Antitrust Division

    Headline: Principal Deputy Assistant Attorney General Doha Mekki Delivers Remarks on the Justice Department’s Lawsuit Against Visa for Monopolizing Debit Markets

    This afternoon, the Justice Department filed a monopolization lawsuit about a financial network we do not see but cannot escape. Every year, this financial network processes 157 billion debit transactions. Whether at the grocery store, the pharmacy, the gas station or online, millions of Americans give merchants their debit credentials, allowing them to pay for goods and services directly from their bank accounts. And for Americans of all stripes, they either need or prefer this payment option.

    MIL OSI USA News

  • MIL-OSI Security: Leader of $4 Million International Telemarketing Scheme Convicted

    Source: Federal Bureau of Investigation (FBI) State Crime News

    A federal jury in North Carolina convicted a man today for his role in orchestrating a years-long telemarketing scheme that defrauded victims in the United States from a call center in Costa Rica.

    According to court documents and evidence presented at trial, Roger Roger, 40, of Costa Rica, led a fraudulent telemarketing scheme in which co-conspirators, who falsely posed as U.S. government officials, contacted victims in the United States to tell them that that they had won a substantial “sweepstakes” prize. After convincing victims, many of whom were elderly, that they stood to receive a significant financial prize, the co-conspirators told victims that they needed to make a series of up-front payments before collecting their supposed prize, purportedly for items such as taxes, customs duties, and other fees. Co-conspirators used a variety of means to conceal their true identities, including Voice over Internet Protocol technology, which made it appear as though they were calling from Washington, D.C., and other locations in the United States. Roger personally called victims from Costa Rica, using fake names and documents to trick the victims into believing they had won a sweepstakes prize. He also recruited and directed co-conspirators to mislead victims on the phone and to transmit victims’ payments from the United States to Costa Rica. The evidence at trial showed that Roger and his co-conspirators stole over $4 million from victims.

    Roger was convicted of one count of conspiracy to commit mail and wire fraud, four counts of wire fraud, one count of conspiracy to commit money laundering, and two counts of international money laundering. The defendant faces a maximum penalty of 25 years in prison on each of the conspiracy to commit mail and wire fraud and the wire fraud counts, because the jury found that these counts involved telemarketing that victimized at least 10 people over the age of 55, and 20 years in prison on each of the conspiracy to commit money laundering and money laundering counts. Sentencing will occur at a later date. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division; U.S. Attorney Dena J. King for the Western District of North Carolina; Inspector in Charge Tommy Coke of the U.S. Postal Inspection Service (USPIS) Atlanta Division; Special Agent in Charge Karen Wingerd of the IRS Criminal Investigation (IRS-CI) Cincinnati Field Office; and Special Agent in Charge Robert DeWitt of the FBI Charlotte Field Office made the announcement.

    The USPIS Atlanta Division, IRS-CI Cincinnati Field Office, and FBI Charlotte Field Office investigated the case. The La Grande, Oregon Police Department and Union County District Attorney Victim Assistance Office provided valuable assistance. The Justice Department’s Office of International Affairs worked with law enforcement partners in Costa Rica to secure Roger’s arrest and extradition.

    Trial Attorneys Andrew Jaco and Amanda Fretto Lingwood of the Criminal Division’s Fraud Section are prosecuting the case.

    If you or someone you know is age 60 or older and has been a victim of financial fraud, help is standing by at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This U.S. Department of Justice hotline, managed by the Office for Victims of Crime, is staffed by experienced professionals who provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Case managers will identify appropriate reporting agencies, provide information to callers to assist them in reporting, connect callers directly with appropriate agencies, and provide resources and referrals, on a case-by-case basis. Reporting is the first step. Reporting can help authorities identify those who commit fraud, and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. The hotline is staffed 7 days a week from 6:00 a.m. to 11:00 p.m. ET. English, Spanish and other languages are available.

    MIL Security OSI

  • MIL-OSI United Kingdom: Press release: Britain’s return to responsible global leadership will help drive growth at home, Prime Minister to tell United Nations

    Source: United Kingdom – Prime Minister’s Office 10 Downing Street

    Britain will return to responsible global leadership under my watch, the Prime Minister will tell the UN General Assembly in New York this week.

    • Prime Minister will travel to New York today to participate in United General Assembly meetings with important international partners. 

    • He will contribute to sessions on major global challenges such as the situation in Ukraine, the Middle East and climate change. 

    • PM will pledge to return the UK to responsible global leadership to tackle the issues that rebound on British people at home.

    Britain will return to responsible global leadership under my watch, the Prime Minister will tell the UN General Assembly in New York this week.  

    He will use several interventions across his two-day visit to argue that our participation and reputation abroad is directly linked to our security, stability and prosperity at home. 

    In a speech to the UN General Assembly on Thursday, he will say that it is only by being a reliable and trusted international partner, working together to solve global problems such as war, poverty and climate change – that we can build a safer and more prosperous UK. 

    The Prime Minister will say: 

    We are returning the UK to responsible global leadership. This is the moment to reassert fundamental principles and our willingness to defend them. To recommit to the UN, to internationalism, to the rule of law. 

    Because I know that this matters to the British people. War, poverty and climate change all rebound on us at home. They make us less secure, they harm our economy, and they create migration flows on an unprecedented scale.  

    The British people are safer and more prosperous when we work internationally to solve these problems, instead of merely trying to manage their effects. So, the responsible global leadership that we will pursue is undeniably in our self-interest.

    He will use his speech to set out how the UK will step up to play its part, guided by the rule of law, in tackling these challenges in a world that is increasingly dominated by conflicts – including those in Ukraine, the Middle East and Sudan.

    It follows a major drive by the Prime Minister in his first few months in office to reset the UK’s relationship with its key allies and prove that Britain is back as a major player on the world stage – a key part of his ambition to drive growth and improve the lives of hardworking British people.

    Updates to this page

    Published 24 September 2024

    MIL OSI United Kingdom

  • MIL-OSI USA: Remarks by President  Biden at the Global Coalition to Address Synthetic Drug Threats | New York,  NY

    US Senate News:

    Source: The White House
    1:57 P.M. EDT
    THE PRESIDENT:  Thank you.  To all the — my fellow leaders from nations around the world, thank you for being here.  It makes a big difference.
    A couple of years ago, a father who I got to meet from a small town here in the United States wrote me a letter about his daughter.  Her name was Courtney.  She was bright and smart, she had a laugh that was contagious, and wanted to travel the world.  But in high school, she became addicted to pills. 
    Her father eventually brought her to a treatment facility, but his insurance company wouldn’t cover the cost.  They said, quote, “It wasn’t a matter of life and death.”
    A month later, Courtney died from a fe- — fentanyl overdose.  She was just 20 years old — 20 years old. 
    In his letter that he wrote to me, he described life without his child.  He said, and I quote, “There is no greater pain.”  “There is no greater pain.”
    I told him I know what it’s like, having lost several children myself — two children.  There is no greater pain.  They still live in your heart, but there’s no greater pain.
    Ladies and gentlemen, that’s why we’re here. 
    Too many people all across our nation have stories like this.  Too many families have suffered unbearable pain and unbearable loss. 
    Opioids are the deadliest drug threat in our history.  I’ve been working on drug control for a long, long time — since the days I was a senator, but this is the deadliest of them all.
    For years, too little has been done to beat this threat here at home and around the world. 
    In fact, before I came to office, overdose deaths in our country were increasing by more than 30 percent year over year. 
    But when I became president, I made beating the opioid endemic [epidemic] a central part of the Unity Agenda, something that our entire nation could rally around and has. 
    For over the last four years, we’ve turned that agenda into action.  My administration made Nal- — excuse me, Na- — made Naloxone, a lifesaving overdose reversal medicine, available over the counter.  You can purchase it over the counter for the first time.  We invested over $80 billion across 50 states to expand access to addiction treatment and support.  I issued an executive order that cut cartel leaders off from fina- — our financial system, including issuing 300 sanctions.  And I’ve deployed hundreds of advanced X-ray ou- — machines to stop the threat of pills and powder coming across our border. 
    Because I want to be clear: This is — this is a national security threat. 
    In July of this year, I signed a national security memorandum.  It officially recognized that fact, that it is a national security threat.  It calls on every part of our government to do more to stop fentanyl and protect our homeland from this threat. 
    But as all of you know, this a global challenge and it requires a global solutions. 
    So, we established the Tri- — the Trilateral Fentanyl Committee with Canada and Mexi- — and Mexico to stop narcotics from crossing our border. 
    I reignited counternarcotics cooperation with China to increase law enforcement cooperation and tackle the supply chains of precursor chemicals and pill presses. 
    And I directed my team to build this coalition — this Global Coalition to Address Synthetic Drugs.  As all of you here know, this coalition now has, as the secretary of State said, 150 nations as part of it. 
    The result of these efforts: More fentanyl has been seized at our border in the last two years than the previous five years combined — in the previous five years combined.  Nearly 60,000 pounds of fentanyl have been seized.  That’s enough to kill every single American many times over. 
    Dozens of major cartel leaders and traffickers are now behind bars. 
    And I’m proud to announce, for the first time in five years, overdose deaths are actually coming down across America.  The latest data shows a 10 percent drop.  That’s the largest decrease on record. 
    Folks, this matters.  These aren’t just facts and figures.  They’re families — families who don’t have to bear the loss of a child, a parent, a spouse — families who are kept whole. 
    But there are too many that are still dying.  There’s so much more that needs to be done. 
    So, my message today is very simple: We can’t let up.  We cannot let up.
    Drug manufacturers and cartels continue to adapt their practices, develop new chemicals, move fast to evade our efforts.  We have to move faster.
    They continue to exploit the global supply chains to expand their networks.  We’ve got to cut them off. 
    They continue to fuel violence, corruption, and instability.  We’ve got to protect our people and our communities. 
    So, that’s why I’m calling on every nation here to commit to our new global coalition pledge.  This lays out the action we must all take to seize more drugs, stop more cartels, save more lives. 
    I also want to thank the leaders here who are stepping up and launching a new initiatives today to advance coalition efforts all across three key — key areas.  First, disrupting supply chain, including production and distribution of illicit — of illicit drugs.  Secondly, detecting emerging drug threats and increasing information sharing across all our countries.  And thirdly, preventing more deaths by treating more people through public health interventions, increased access to lifesaving medications.
    It’s possible.  It’s about disrupt, detect, prevent, and treat. 
    Together, we’re making it clear: Enough is enough is enough. 
    Let me close with this.  As leaders, we all have one solemn responsibility: protect our people from harm. 
    Together, through this coalition, I believe we can do just that.  We can disrupt the cycle of violence and instability that drug cr- — traffickers create.  We can get our people the care they need and deserve.  We can save lives, but only — but only if we come together and work together.  The choice is ours. 
    And I believe there can be only one answer: We can, we will, and we must. 
    So, thank you all for being here.  Let’s get to work.
    And I want to — you to hear from other leaders in this room as well. 
    So, thank you, thank you, thank you.  (Applause.)  
    2:04 P.M. EDT

    MIL OSI USA News