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Category: Economy

  • MIL-OSI Economics: Agriculture negotiations Chair reports on prospects for progress ahead of MC14

    Source: WTO

    Headline: Agriculture negotiations Chair reports on prospects for progress ahead of MC14

    Ambassador Hussain told members he had held consultations on market access, domestic support and export restrictions on food as well as on food procurement at administered prices for developing economies’ public stockholding (PSH) programmes, and the proposed new Special Safeguard Mechanism (SSM), which would allow developing economies to raise duties temporarily in the event of a sudden surge in import volumes or price depression.
    The Chair reported that since the last meeting on 30 April, he had held 14 meetings where he explored with members several potential MC14 outcomes. These included: agreement on a framework for continued negotiations on outstanding topics; a political declaration reaffirming the value of existing disciplines and committing  to continue negotiations beyond MC14; recognition of progress made so far; and an agreement delivering early results for vulnerable WTO members facing food insecurity. These approaches could complement one another.
    “Overall, I was encouraged by the constructive tone and positive engagement throughout the consultations,” Ambassador Hussain said.
    He told the meeting that, despite the prevailing geopolitical tensions and challenges, there was broad support for advancing substantive work across all pillars. During his consultations, many members had underscored the importance of securing at least some concrete and meaningful outcomes as part of the MC14 package, he said.
    The Chair also noted that several delegations had emphasized the need to focus on realistic yet meaningful deliverables, and had cautioned that outcomes perceived as overly modest could risk further eroding confidence in the multilateral trading system.
    The Chair will continue his consultations on the various topics in different configurations, with the next consultation scheduled for 30 June with the cotton quad plus members, namely the C4+ cotton-producing countries (Benin, Chad, Burkina Faso, Mali and Côte d’Ivoire) and other key players in the negotiations related to the trade-related aspects of cotton.
    During the meeting, proponents of easing agricultural market access stressed the importance of  reducing and simplifying tariffs and other trade barriers in order to support economic development, food security and environmental sustainability. 
    Argentina, Brazil, Paraguay and Uruguay told participants that their November 2023 proposal JOB/AG/255 remains a substantive contribution to the talks, and that an MC14 outcome lacking progress on market access would be insufficient.
    Many members stressed that enhancing food security must remain a central objective in the negotiations. Some members also identified strengthening rural livelihoods and development — as well as promoting sustainable agriculture — as key priorities. Several members also reaffirmed the importance of a well-functioning multilateral rules-based trading system, emphasizing that it is essential for ensuring predictability and reducing costly uncertainty.
    The Cairns Group of agricultural exporting countries and the African Group updated participants on their continued consultations. which have mainly focused so far on domestic support to the farm sector. The consultations were being held in a constructive spirit, they said. The Cairns Group proposal  JOB/AG/243 and the African Group proposal JOB/AG/242 were serving as a basis for dialogue.
    Some members told the meeting that it was critical to also address the issue of export restrictions on food as part of the negotiations to enhance food security. These members also noted that elements from their previous submissions remained relevant for ongoing discussions. Other ideas for further work were also mentioned, such as looking to facilitate trade in agricultural products including by looking at cross-cutting issues, such as agriculture-related supporting services.
    Ambassador Hussain noted that several members prefer to continue engaging with one another informally before widening discussions to the membership as a whole. These members also recognized that broader participation would soon be necessary.
    Several delegations called for more technical, data-informed discussions, including expert-led side events, to advance dialogue on complex, cross-cutting issues.
    Members had also acknowledged that it was too early to define the contours of a potential outcome for MC14, the Chair said. Their general view was that process and substance must continue to evolve in tandem to keep options open and ambition credible. He added that, overall, members had advocated for a balanced approach to negotiations, emphasizing the need for a spirit of engagement and transparency and the importance of avoiding maximalist positions.
    Ambassador Hussain told the meeting he will continue to facilitate focused discussions. He will encourage members to explore innovative approaches, collaborate effectively, and report their progress to the full membership. Delegations could usefully share written contributions which could be adopted at MC14, he said.
    Public food stockholding and Special Safeguard Mechanism
    Members held dedicated sessions on the procurement of food at administered prices for public stocks in developing economies and on the proposed Special Safeguard Mechanism  to facilitate more focused discussions on both topics. The Chair reported on his recent consultations on public food stockholding and noted that open and frank exchanges remain essential to making meaningful progress on this key issue.
    “I continue to believe that progress is possible if we focus on bridging differences through constructive and solution-oriented dialogues,” he said. He also told participants that he plans to pursue consultations in various configurations over the coming weeks to explore pragmatic and effective ways forward.
    During the meeting, developing economies that call for fast-tracking action in this area highlighted the importance of revisiting WTO rules in order to address food insecurity and called for text-based negotiations. Some other members called for technical sessions to enhance understanding of the technical aspects of the issue as well as the proposal on the table. Some noted that they were open to discussing the food security challenges faced by developing economies.
    On the Special Safeguard Mechanism, while developing economy proponents of the safeguard continue to consider it ought to be adopted as a stand-alone tool, agricultural exporting economies argue it should be addressed in parallel with talks on reducing barriers to the export of agricultural goods.
    Ambassador Hussain reported that, during his consultations, proponents of this issue made suggestions on how to break the current impasse and move the discussions forward. These included holding thematic sessions and targeted group discussions on specific technical issues and pursuing an interim price-based safeguard mechanism.
    The Chair urged members to continue exploring ways that could help to bridge differences and result in substantive progress.
    “We need to work towards identifying a practical way forward that could facilitate a meaningful conversation on various technical elements of an SSM,” he said.
    Next meeting
    The next meeting, followed by the dedicated sessions on public food stockholding and the Special Safeguard Mechanism, is tentatively scheduled for 9-10 July.

    Share

    MIL OSI Economics –

  • MIL-OSI Economics: Agriculture negotiations Chair reports on prospects for progress ahead of MC14

    Source: WTO

    Headline: Agriculture negotiations Chair reports on prospects for progress ahead of MC14

    Ambassador Hussain told members he had held consultations on market access, domestic support and export restrictions on food as well as on food procurement at administered prices for developing economies’ public stockholding (PSH) programmes, and the proposed new Special Safeguard Mechanism (SSM), which would allow developing economies to raise duties temporarily in the event of a sudden surge in import volumes or price depression.
    The Chair reported that since the last meeting on 30 April, he had held 14 meetings where he explored with members several potential MC14 outcomes. These included: agreement on a framework for continued negotiations on outstanding topics; a political declaration reaffirming the value of existing disciplines and committing  to continue negotiations beyond MC14; recognition of progress made so far; and an agreement delivering early results for vulnerable WTO members facing food insecurity. These approaches could complement one another.
    “Overall, I was encouraged by the constructive tone and positive engagement throughout the consultations,” Ambassador Hussain said.
    He told the meeting that, despite the prevailing geopolitical tensions and challenges, there was broad support for advancing substantive work across all pillars. During his consultations, many members had underscored the importance of securing at least some concrete and meaningful outcomes as part of the MC14 package, he said.
    The Chair also noted that several delegations had emphasized the need to focus on realistic yet meaningful deliverables, and had cautioned that outcomes perceived as overly modest could risk further eroding confidence in the multilateral trading system.
    The Chair will continue his consultations on the various topics in different configurations, with the next consultation scheduled for 30 June with the cotton quad plus members, namely the C4+ cotton-producing countries (Benin, Chad, Burkina Faso, Mali and Côte d’Ivoire) and other key players in the negotiations related to the trade-related aspects of cotton.
    During the meeting, proponents of easing agricultural market access stressed the importance of  reducing and simplifying tariffs and other trade barriers in order to support economic development, food security and environmental sustainability. 
    Argentina, Brazil, Paraguay and Uruguay told participants that their November 2023 proposal JOB/AG/255 remains a substantive contribution to the talks, and that an MC14 outcome lacking progress on market access would be insufficient.
    Many members stressed that enhancing food security must remain a central objective in the negotiations. Some members also identified strengthening rural livelihoods and development — as well as promoting sustainable agriculture — as key priorities. Several members also reaffirmed the importance of a well-functioning multilateral rules-based trading system, emphasizing that it is essential for ensuring predictability and reducing costly uncertainty.
    The Cairns Group of agricultural exporting countries and the African Group updated participants on their continued consultations. which have mainly focused so far on domestic support to the farm sector. The consultations were being held in a constructive spirit, they said. The Cairns Group proposal  JOB/AG/243 and the African Group proposal JOB/AG/242 were serving as a basis for dialogue.
    Some members told the meeting that it was critical to also address the issue of export restrictions on food as part of the negotiations to enhance food security. These members also noted that elements from their previous submissions remained relevant for ongoing discussions. Other ideas for further work were also mentioned, such as looking to facilitate trade in agricultural products including by looking at cross-cutting issues, such as agriculture-related supporting services.
    Ambassador Hussain noted that several members prefer to continue engaging with one another informally before widening discussions to the membership as a whole. These members also recognized that broader participation would soon be necessary.
    Several delegations called for more technical, data-informed discussions, including expert-led side events, to advance dialogue on complex, cross-cutting issues.
    Members had also acknowledged that it was too early to define the contours of a potential outcome for MC14, the Chair said. Their general view was that process and substance must continue to evolve in tandem to keep options open and ambition credible. He added that, overall, members had advocated for a balanced approach to negotiations, emphasizing the need for a spirit of engagement and transparency and the importance of avoiding maximalist positions.
    Ambassador Hussain told the meeting he will continue to facilitate focused discussions. He will encourage members to explore innovative approaches, collaborate effectively, and report their progress to the full membership. Delegations could usefully share written contributions which could be adopted at MC14, he said.
    Public food stockholding and Special Safeguard Mechanism
    Members held dedicated sessions on the procurement of food at administered prices for public stocks in developing economies and on the proposed Special Safeguard Mechanism  to facilitate more focused discussions on both topics. The Chair reported on his recent consultations on public food stockholding and noted that open and frank exchanges remain essential to making meaningful progress on this key issue.
    “I continue to believe that progress is possible if we focus on bridging differences through constructive and solution-oriented dialogues,” he said. He also told participants that he plans to pursue consultations in various configurations over the coming weeks to explore pragmatic and effective ways forward.
    During the meeting, developing economies that call for fast-tracking action in this area highlighted the importance of revisiting WTO rules in order to address food insecurity and called for text-based negotiations. Some other members called for technical sessions to enhance understanding of the technical aspects of the issue as well as the proposal on the table. Some noted that they were open to discussing the food security challenges faced by developing economies.
    On the Special Safeguard Mechanism, while developing economy proponents of the safeguard continue to consider it ought to be adopted as a stand-alone tool, agricultural exporting economies argue it should be addressed in parallel with talks on reducing barriers to the export of agricultural goods.
    Ambassador Hussain reported that, during his consultations, proponents of this issue made suggestions on how to break the current impasse and move the discussions forward. These included holding thematic sessions and targeted group discussions on specific technical issues and pursuing an interim price-based safeguard mechanism.
    The Chair urged members to continue exploring ways that could help to bridge differences and result in substantive progress.
    “We need to work towards identifying a practical way forward that could facilitate a meaningful conversation on various technical elements of an SSM,” he said.
    Next meeting
    The next meeting, followed by the dedicated sessions on public food stockholding and the Special Safeguard Mechanism, is tentatively scheduled for 9-10 July.

    Share

    MIL OSI Economics –

  • MIL-OSI USA: Disaster Recovery Centers Open in Hardeman, McNairy, Montgomery and Obion Counties

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Centers Open in Hardeman, McNairy, Montgomery and Obion Counties

    Disaster Recovery Centers Open in Hardeman, McNairy, Montgomery and Obion Counties

    Disaster Recovery Centers are now open in Hardeman, McNairy, Montgomery and Obion counties to assist Tennesseans who experienced damage or loss from the April 2-24 severe storms, straight-line winds, tornadoes and flooding

     Locations are:Hardeman County: Safehaven Storm Shelter, 530 Madison Ave W

    , Grand Junction, TN 38039Hours: 8 a

    m

    –6 p

    m

    CT Monday-SundayMcNairy County: Latta Theatre, 205 W

    Court Ave

    , Selmer, TN 38375Hours: 8 a

    m

    –6 p

    m

    CT Monday-SundayMontgomery County: Montgomery County Library, 350 Pageant Lane, Clarksville, TN 37040Hours: 9 a

    m

    –8 p

    m

    CT Monday-Thursday; 9 a

    m

    –6 p

    m

    CT Friday-Saturday; 1 p

    m

    –5 p

    m

    CT SundayObion County: Obion County Library, 1221 E

    Reelfoot Ave

    , Union City, TN 38261Hours: 8 a

    m

    –6 p

    m

    CT Monday-Saturday; closed SundayAdditional centers will open in other impacted areas

    To find a center near you, visit fema

    gov/drc

    Homeowners and renters in Cheatham, Davidson, Dickson, Dyer, Hardeman, McNairy, Montgomery, Obion and Wilson counties can apply for FEMA assistance at a recovery center

    FEMA representatives will help with applications for federal assistance and provide information about other disaster recovery resources

     FEMA financial assistance may include money for basic home repairs or other uninsured, disaster-related needs, such as childcare, vehicle, medical needs, funeral expenses or the replacement of personal property

    In addition to FEMA personnel, representatives from the U

    S

    Small Business Administration and state agencies will be available to assist survivors

    It is not necessary to go to a center to apply for FEMA assistance

     Apply online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call the FEMA Helpline at 800-621-3362

    Lines are open seven days a week and specialists speak many languages

    To view an accessible video on how to apply, visit Three Ways to Apply for FEMA Disaster Assistance – YouTube

    kwei

    nwaogu
    Fri, 06/27/2025 – 17:57

    MIL OSI USA News –

  • MIL-OSI USA: Notice of Availability: Draft Programmatic Agreement and Request for Public Comments

    Source: US Federal Emergency Management Agency

    Headline: Notice of Availability: Draft Programmatic Agreement and Request for Public Comments

    Notice of Availability: Draft Programmatic Agreement and Request for Public Comments

    Annapolis City Dock Flood Mitigation UndertakingPHILADELPHIA– The City of Annapolis, Maryland has applied through the Maryland Department of Emergency Management to the Federal Emergency Management Agency’s (FEMA) Hazard Mitigation Grant Program (HMGP) and Pre-Disaster Mitigation (PDM) Grant Program for a flood resiliency and stormwater improvement undertaking in the downtown Annapolis area in Anne Arundel County, Maryland

    The proposed undertaking consists of four separate, yet connected projects (HMGP-4491-0043-MD, LPDM-PJ-03-MD-2023-002, HMGP-4261-0013-MD, LPDM-PJ-03-MD-2024-003) that involve the design and construction of a comprehensive stormwater and flood mitigation system at the City Dock area

    The overall undertaking includes storm drain realignment; construction of three pump stations including wet wells, electric control building, and backup generator; deployable flood barriers; and grading modifications

     The purpose of this undertaking is to implement strategies to protect historic downtown Annapolis, the US Naval Academy, and surrounding areas against flooding to advance the City’s economy and safeguard the City’s cultural and historic heritage

    The City Dock is a busy hub in the historic heart of Annapolis City that has served as an important port within Annapolis and the Chesapeake Bay region for at least 350 years

    The project is needed because the City Dock is vulnerable to flooding, which threatens its structural integrity and functionality, importance to the local economy, and use by the community as well as the safety of those using the area

    FEMA is considering the effects of this undertaking on historic properties pursuant to 36 Code of Federal Regulations (CFR) Part 800, the regulations implementing Section 106 of NHPA (Section 106) (54 U

    S

    C

    §§ 300101-306108)

    FEMA, consistent with Section 106 and 36 CFR § 800

    16(d), has defined the undertaking’s Area of Potential Effects (APE)

    The APE is the geographic area within which an undertaking may directly or indirectly cause alterations in the character or use of historic properties, if any such properties exist

    A historic property is any prehistoric or historic district, site, building, structure, or object included on, or eligible for inclusion on the National Register of Historic Places (NRHP)

    FEMA determined the undertaking has the potential to affect historic properties including National Historic Landmarks (NHL), which are historic properties that illustrate the heritage of the United States

    In accordance with 36 CFR § 800

    10 and Section 110(f) of the NHPA, FEMA must, to the maximum extent possible, undertake such planning and actions as may be necessary to minimize harm to any NHL that may be directly and adversely affected by an undertaking

    The undertaking’s construction schedule and access constraints within the APE limit surveys to fully identify and evaluate historic and cultural resources to determine if they are historic properties, determine if the undertaking would have adverse effects on historic properties, or fully avoid, minimize, or mitigate adverse effects, prior to completing the appropriate NEPA documentation and FEMA’s approval of the undertaking

    When completing the Section 106 process prior to making a final decision on a particular undertaking is not practical, the regulations allow an agency to pursue a “project” Programmatic Agreement (PA) under 36 CFR § 800

    14(b)(1)(ii)

    Accordingly, to outline the phased Section 106 process, account for inadvertent discoveries and effects, and to create a proposal to resolve potential adverse effects, FEMA intends to execute a PA in accordance with Stipulation II

    C

    6

    c of the Maryland Statewide Programmatic Agreement

    In accordance with the terms of the PA, studies shall be undertaken to identify both aboveground and belowground historic properties within the APE, evaluate the undertaking’s effects on these historic properties, and complete efforts to minimize or avoid adverse effects

    The City of Annapolis or its contractors will complete further site identification and evaluation efforts for the undertaking and archaeological monitoring

    The PA outlines consultation procedures for evaluating the NRHP eligibility of newly identified historic properties including archaeological sites, assessing the undertaking’s effects on all historic properties, and resolving adverse effects, if needed

    FEMA seeks to notify the public of this undertaking and involve potential consulting parties in the Section 106 process, including implementation of the PA

    According to 36 CFR § 800

    2, the following parties have consultative roles in the Section 106 process for undertakings not on tribal lands: the State Historic Preservation Officer (and the State Historic Preservation Office (SHPO)), Indian Tribes (Tribes) and Native Hawaiian organizations, representatives of local governments with jurisdiction over the area in which the effects of an undertaking may occur, applicants for federal assistance, and additional consulting parties (individuals and organizations with a demonstrated interest in the undertaking)

    Individuals or organizations with a demonstrated interest in this undertaking should contact FEMA using the instructions below

    The Draft PA is available for review and comment, and can be viewed on and/or downloaded here or from the City of Annapolis website

    The comment period on the Draft PA will conclude 30 days from today, June 27, 2025

    Written comments on the Draft PA, or Section 106 comments on potential effects to historic properties can be mailed or emailed to the contact listed below

    If no substantive comments are received, FEMA will seek to execute the Draft PA

     Contact Information:ATTENTION: Annapolis City Dock Section 106 CommentsFEMA Region 3 Environmental and Historic Preservation615 Chestnut Street, 6th FloorPhiladelphia, PA 19106Email: FEMA-R3-EHP-PublicComment@fema

    dhs

    govSelect documents are included in the Draft PA exhibits

    FEMA will provide additional documents upon request; please contact us by email at FEMA-R3-EHP-PublicComment@fema

    dhs

    gov

    ###FEMA’s mission is helping people before, during, and after disasters

     FEMA Region 3’s jurisdiction includes Delaware, the District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia

     Follow us on X at @femaregion3 and on LinkedIn at linkedin

    com/company/femaregion3
    erika

    osullivan
    Fri, 06/27/2025 – 16:12

    MIL OSI USA News –

  • MIL-OSI United Nations: Meeting of States Parties to United Nations Convention on Law of Sea Held at Headquarters, 23-26 June

    Source: United Nations General Assembly and Security Council

    NEW YORK, 27 June (Division for Ocean Affairs and the Law of the Sea) — The thirty-fifth Meeting of States Parties to the United Nations Convention on the Law of the Sea was held at Headquarters from 23 to 26 June.  The background press release can be found at:  https://press.un.org/en/2025/sea2232.doc.htm and https://press.un.org/en/2024/sea2195.doc.htm.

    The Meeting elected Nguyen Minh Vu (Viet Nam) as President, by acclamation.  Milan Jaya Nyamrajsingh Meetarbhan (Mauritius), David Antonio Giret Soto (Paraguay), Laura McIlhenny (Australia) and Mykola Prytula (Ukraine) were elected as Vice-Presidents, also by acclamation.

    The Meeting took note of the annual report of the International Tribunal for the Law of the Sea for 2024, as well as the information reported by the Secretary-General of the International Seabed Authority and the Chairperson of the Commission on the Limits of the Continental Shelf, on the activities of these bodies since the thirty-fourth Meeting of States Parties held in 2024.

    In his capacity as Co-Coordinator of the Open-Ended Working Group on the Conditions of Service of Members of the Commission on the Limits of the Continental Shelf, John Pangipita (United Republic of Tanzania) delivered a report on its work since the thirty-fourth Meeting.  Following the resignation of Sidney Kemble (Netherlands), the Meeting decided to defer the consideration of the appointment of a Co-Coordinator of the Open-Ended Working Group from developed States until the thirty-sixth Meeting of States Parties and that the Working Group would continue to function for the time being under the coordination of Mr. Pangipita.

    The Meeting conducted a by-election for vacancies in the Commission allocated to members of the Commission from the Group of Eastern European States and the Group of Western European and Other States, electing Stig-Morten Knutsen (Norway) for a term of office commencing on the date of the election and ending on 15 June 2028.

    In the absence of other nominations, the Meeting decided in respect of the vacant seat allocated to members of the Commission from the Group of Eastern European States, which had remained unfilled since 2015, that the Secretary-General would circulate a call for nominations with a view to conducting elections at the thirty-sixth Meeting of States Parties in 2026, if the President received information about potential candidates no later than 1 March 2026.  If a candidate had not been identified by that date, the Group should transmit, by the same date, a proposal on how to address the ongoing vacancy.

    In its consideration of administrative and budgetary matters of the Tribunal, the Meeting took note of the report on budgetary matters for the financial periods 2023 and 2024 and the report of the external auditor for the financial period 2024.  The Meeting also decided to extend Indonesia and Canada as member and alternate member, respectively, of the staff pension committee of the Tribunal for a three-year term of office starting on 1 January 2026.

    Under article 319 of the Convention, the Meeting considered the reports of the Secretary-General for the information of States Parties on issues of a general nature, relevant to States Parties, which had arisen with respect to the United Nations Convention on the Law of the Sea (see A/79/340 and A/80/70).  In their interventions, delegations addressed a wide range of matters of relevance to oceans and the law of the sea.

    A more detailed account of the proceedings of the thirty-fifth Meeting of States Parties will be included in the report of the Meeting, to be issued in due course as document SPLOS/35/11.

    The United Nations Convention on the Law of the Sea, which was adopted on 10 December 1982, entered into force on 16 November 1994.  It sets out the legal framework within which all activities in the oceans and seas must be carried out and is of strategic importance as the basis for national, regional and global action and cooperation in the marine sector.

    For further information on the Meeting, including its documents, please see the website of the Division for Ocean Affairs and the Law of the Sea, Office of Legal Affairs, https://www.un.org/Depts/los/meeting_states_parties/meeting_states_parties.htm.

    MIL OSI United Nations News –

  • MIL-OSI USA: SBA Relief Still Available to New York Small Businesses and Private Nonprofits Affected by Hurricane Debby

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP)organizations in New York of the July 28 deadline to apply for low interest federal disaster loans to offset economic losses caused by Hurricane Debby occurring Aug. 5-10, 2024.

    The declaration covers the New York counties of Albany, Allegany, Chemung, Dutchess, Fulton, Hamilton, Jefferson, Lewis, Livingston, Montgomery, Ontario, Orange, Oswego, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schuyler, Steuben, St. Lawrence, Sullivan, Ulster, Warren, Washington, Yates and Oswego; the New Jersey counties of Passaic and Sussex as well as the Pennsylvania counties of Pike, Potter, and Tioga.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to SBA no later than July 28, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to New York Small Businesses and Private Nonprofits Affected by Hurricane Debby

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP)organizations in New York of the July 28 deadline to apply for low interest federal disaster loans to offset economic losses caused by Hurricane Debby occurring Aug. 5-10, 2024.

    The declaration covers the New York counties of Albany, Allegany, Chemung, Dutchess, Fulton, Hamilton, Jefferson, Lewis, Livingston, Montgomery, Ontario, Orange, Oswego, Putnam, Rensselaer, Rockland, Saratoga, Schenectady, Schuyler, Steuben, St. Lawrence, Sullivan, Ulster, Warren, Washington, Yates and Oswego; the New Jersey counties of Passaic and Sussex as well as the Pennsylvania counties of Pike, Potter, and Tioga.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to SBA no later than July 28, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI Security: Smuggling Leader and Top Coordinator Will Spend Remainder of Their Lives in Prison Following Their Sentencing on Third Anniversary of Deadly Tractor-Trailer Smuggling Conspiracy

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

    Two convicted human smugglers were sentenced in a federal court in San Antonio today for their prominent roles in the 2022 mass casualty human smuggling conspiracy that resulted in the deaths of 47 adults and six children.

    U.S. District Judge Orlando Garcia for the Western District of Texas sentenced Orduna-Torres to life in prison and a $250,000 fine, and Gonzales-Ortega to 83 years in prison and a $250,000 fine. Both defendants were found guilty by a federal jury in March for three counts related to the transportation of aliens within the United States resulting in death, causing serious bodily injury, and placing lives in jeopardy. Following the jury’s verdict at the trial, Judge Garcia set the sentencing date, noting that it would be three years to the day from when the 53 migrants perished as a result of the defendants’ smuggling scheme.

    “These criminals will spend the rest of their lives in prison because of their cruel choice to profit off of human suffering,” said Attorney General Pamela Bondi. “Today’s sentences are a powerful message to human smugglers everywhere: we will not rest until you are behind bars.”

    “Three years to the day after these two smugglers and their co-conspirators left dozens of men, women, and children locked in a sweltering tractor-trailer to die in the Texas summer heat, they learned that they will spend the rest of their lives locked away in a federal prison,” said U.S. Attorney Justin R. Simmons for the Western District of Texas. “We recognize the justice handed down by Judge Garcia and thank our law enforcement partners for their great work that led to today’s outcome. At the same time, we reinforce the message that these criminal organizations will not place the lives of the desperate and vulnerable above their own financial enrichment. My office remains focused on prosecuting smugglers and their networks, and ultimately eradicating transnational criminal organizations.”

    “Today’s sentences are the result of a far-reaching investigation and a tireless commitment by HSI and our law enforcement partners to dismantle the deadliest human smuggling operation in U.S. history,” said Special Agent in Charge Craig Larrabee for U.S. Immigration and Customs Enforcement (ICE) Homeland Security Investigations (HSI) San Antonio. “This case serves as a stark reminder: human smuggling is not a service — it is a deadly criminal enterprise. HSI will pursue smugglers relentlessly, wherever they operate. No one, who participates in the smuggling of human beings, will escape the reach of justice.”

    According to court documents and evidence presented at trial, Felipe Orduna-Torres, also known as Cholo, Chuequito/Chuekito, and Negro, 30, was a leader and organizer, and Armando Gonzales-Ortega, also known as El Don and Don Gon, 55, was a coordinator in the human smuggling organization (HSO) which illegally brought adults and children from Guatemala, Honduras, and Mexico into the United States between December 2021 and June 2022.

    Court documents and evidence presented at the trial revealed that Orduna-Torres and Gonzales-Ortega worked in concert to transport and facilitate the transportation of the migrants, sharing routes, guides, stash houses, trucks, trailers, and transporters in order to consolidate costs, minimize risks, and maximize profit. The HSO maintained a variety of tractors and trailers for their smuggling operations, some of which were stored at a private parking lot in San Antonio.

    In the days leading up to June 27, 2022, Orduna-Torres and others exchanged the names of illegal aliens who would be smuggled in an upcoming tractor-trailer load. Gonzales-Ortega traveled to Laredo to meet the tractor-trailer, where at least 64 undocumented individuals, including eight children and one pregnant woman, were loaded for smuggling.

    Some of the defendants, including Orduna-Torres, were aware that the trailer’s reefer unit was malfunctioning and was not blowing any cool air to the migrants inside. When members of the organization met the tractor-trailer at the end of its approximately three-hour journey to San Antonio, they opened the doors to find 48 of the migrants were either already dead or had died on site, including the pregnant woman. Sixteen of the undocumented individuals were transported to hospitals — five of whom died.

    In addition to their sentences described above, the court also ordered Orduna-Torres to pay a $96,000 money judgment and ordered the forfeiture of the following assets: one 2008 Volvo semi-tractor; one 1995 Phoenix trailer; one 2015 Cadillac Escalade; one 2017 Ford F-350 Super Duty Truck; and $59,445.50.

    Five other defendants in this case have pleaded guilty for their involvement in the smuggling event. Riley Covarrubias-Ponce, also known as Rrili and Rilay, 32, is scheduled to be sentenced Nov. 6; Luis Alberto Rivera-Leal, 39, is scheduled to be sentenced on Nov. 13; Christian Martinez, 31, is scheduled to be sentenced on Nov. 20; and Homero Zamorano Jr., 48, is scheduled to be sentenced Dec. 4. Juan Francisco D’Luna Bilbao, 51, is indicted separately and is also scheduled to be sentenced Dec. 4.

    In a related case, Rigoberto Ramon Miranda-Orozco, 48, allegedly worked with the HSO to smuggle aliens into the United States on the same fatal journey orchestrated by Orduna-Torres and his co-conspirators. He made his initial appearance in San Antonio on March 17, seven months after he was arrested in Guatemala, and is currently scheduled for a jury trial Sept. 29.

    HSI investigated the case with the assistance of the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives, and has received tremendous support from Customs and Border Protection; Border Patrol; ICE’s Enforcement and Removal Operations; the San Antonio Police Department; the Bexar County Sheriff’s Office; the San Antonio Fire Department; the Marshall Police Department; and the Palestine Police Department.

    Assistant U.S. Attorneys Eric Fuchs, Sarah Spears and Ray Gattinella for the Western District of Texas are prosecuting the case.

    These convictions are the result of the coordinated efforts of Joint Task Force Alpha (JTFA). JTFA, a partnership with the Department of Homeland Security (DHS), has been elevated and expanded by the Attorney General with a mandate to target cartels and other transnational criminal organizations to eliminate human smuggling and trafficking networks operating in Mexico, Guatemala, El Salvador, Honduras, Panama, and Colombia that impact public safety and the security of our borders. JTFA currently comprises detailees from U.S. Attorneys’ Offices along the southwest border. Dedicated support is provided by numerous components of the Justice Department’s Criminal Division, led by the Human Rights and Special Prosecutions Section and supported by the Money Laundering and Asset Recovery Section; Office of Enforcement Operations; and the Office of International Affairs, among others. JTFA also relies on substantial law enforcement investment from DHS, FBI, the Drug Enforcement Administration (DEA), and other partners. To date, JTFA’s work has resulted in more than 385 domestic and international arrests of leaders, organizers, and significant facilitators of alien smuggling; more than 345 U.S. convictions; more than 300 significant jail sentences imposed; and forfeitures of substantial assets.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations, and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhoods (PSN).

    MIL Security OSI –

  • MIL-OSI Security: Stockton Man Charged with Attempting to Provide Material Support to the Islamic State of Iraq and Al-Sham

    Source: US FBI

    SACRAMENTO, Calif. — Ammaad Akhtar, 33, of Stockton, was arrested today and charged by complaint with attempting to provide material support to a designated foreign terrorist organization, Acting U.S. Attorney Michele Beckwith announced.

    According to court documents, since February 2025, Akhtar has been communicating online with a law enforcement-controlled individual, whom Akhtar believed was a member of ISIS. In these conversations, Akhtar voiced his support for ISIS and jihad, expressed a desire to travel overseas to join and fight with ISIS, and stated a desire to send guns and money to ISIS.

    In April 2025, during this investigation, Akhtar demonstrated a desire to provide support of ISIS and did so by providing financial funding on multiple occasions. After a few payments, the law enforcement-controlled individual indicated that ISIS had procured several guns with the money Akhtar had sent. In his response, Akhtar said, “may Allah destroy our enemies” and affirmed that he will send more money that same day.

    Akhtar also talked about planning acts of violence, including conducting an attack against a specific individual and an attack utilizing homemade explosives. He said he “want[s] to die in the cause of Allah fighting the kuffar [infidels]” and asked for instructions on how to make a homemade explosive device in order “to make a boom” at a populated event.

    Then, on June 23, 2025, Akhtar met with an individual he believed was an ISIS associate, but who was actually an undercover employee. Akhtar provided clothing, binoculars, $400 cash, two loaded guns, and six additional magazines. Akhtar then swore bayat (a pledge of loyalty) to ISIS.

    This case is the product of an investigation by the Federal Bureau of Investigation Field Offices in New York and Sacramento and the New York City Police Department. Assistant U.S. Attorney Elliot Wong and Trial Attorney Ryan D. White of the National Security Division are prosecuting the case.

    If convicted, Akhtar faces a maximum statutory penalty of 20 years in prison and a $250,000 fine. Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables. The charges are only allegations; the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.

    MIL Security OSI –

  • MIL-OSI Russia: IMF Executive Board Completes the Fifth Review Under the Stand-By Arrangement with Armenia

    Source: IMF – News in Russian

    June 27, 2025

    • The IMF Executive Board completed the fifth review under the Stand-By Arrangement (SBA) with Armenia, providing the country with access equivalent to SDR 18.4 million (about US$26.1 million). The Armenian authorities continue to treat the arrangement as precautionary.
    • Economic activity remains strong. Real GDP growth is expected to reach 4.5 percent in 2025 as external growth drivers continue to taper off amid higher global uncertainty.
    • The SBA aims to support the government’s policy and reform agenda to preserve economic and financial stability and support strong, inclusive, and sustainable growth.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the fifth review under the Stand-By Arrangement (SBA) with Armenia. The completion of the review enables access to an amount equivalent to SDR 18.4 million (about US$26.1 million), bringing total access to the equivalent of SDR 110.4 million (about US$156.9 million). The SBA was approved by the IMF Executive Board on December 12, 2022 (see Press Release No. 22/429). The Armenian authorities continue to treat the arrangement as precautionary. The Executive Board’s decision was taken on a lapse-of-time basis.[1]

    Armenia’s economic activity remains strong. Real GDP growth reached 5.9 percent in 2024 and is expected to return to its long-term trend of 4.5 percent in 2025 as trade and services normalize. Inflation is expected to remain around the Central Bank of Armenia’s (CBA) target by end-2025. Risks to this outlook are elevated, stemming from the unprecedented uncertainty related to the ongoing global trade tensions and potential slowdown in the growth of trading partners. Regional geopolitical shifts, which could lead to a reversal of recent capital inflows and foreign exchange (FX) volatility, also weigh on the outlook.

    The slowdown in external demand, lower remittances inflows, and robust domestic demand, are projected to widen the current account deficit to 4.5 percent of GDP in 2025. Nonetheless, external and financial sector buffers remain strong.

    The 2025 budget deficit target of 5.5 percent of GDP is appropriate, accommodating priority spending needs, including on national security, refugee integration, and infrastructure development. The adopted 2026-28 medium-term expenditure framework will reduce the fiscal deficit in 2026 to 4.5 percent, supporting macro-fiscal stability while making room for well-targeted, priority social and development spending.

    The program is broadly on track. All end-December 2024 quantitative performance criteria (QPCs) have been met except for a small breach of the QPC on budget domestic lending. The end-December 2024 inflation was within the inner Monetary Policy Consultation Clause bands. Progress on structural benchmarks continues, although with some delays.

    The ongoing economic uncertainty underscores the need for prudent policies and steadfast implementation of structural reforms:

    • Fiscal policy should continue to balance the need to support national spending priorities while maintaining macro-fiscal stability, with further efforts to mobilize revenue and enhance spending efficiency.
    • The CBA should remain proactive in keeping inflation anchored, with future interest rate decisions guided by developments in inflation and inflation expectations. The flexible exchange rate should continue to serve as a key shock absorber. Foreign exchange interventions should be limited to addressing disorderly market conditions and seeking opportunities to bolster FX reserves through purchases when conditions allow.
    • To sustain long-term growth, structural reforms should continue to advance reforms focused on improving labor market flexibility, diversifying exports, enhancing supervisory frameworks, and strengthening governance.

    Table 1. Armenia: Selected Economic and Financial Indicators, 2022–30

     

     

     

    2022

    2023

    2024

     

    2025

    2026

    2027

    2028

    2029

    2030

     

     

    Act.

     

    Proj.
                           

    National income and prices:

    		                      

    Real GDP (percent change)

    		  

    12.6

    8.3

    5.9

    		  

    4.5

    4.5

    4.5

    4.5

    4.5

    4.5

    Final consumption expenditure, Contrib. to Growth

    		  

    3.7

    5.3

    3.3

    		  

    3.8

    2.5

    2.9

    2.9

    2.9

    2.9

    Gross fixed capital formation, Contrib. to Growth

    		  

    2.7

    3.1

    2.6

    		  

    2.6

    2.5

    2.1

    2.1

    2.1

    2.1

    Changes in inventories, Contrib. to Growth

    		  

    -0.3

    0.0

    -0.3

    		  

    -1.8

    0.0

    0.0

    0.0

    0.0

    0.0

    Net exports of goods and services, Contrib. to Growth

    		  

    6.2

    -0.1

    0.0

    		  

    0.3

    -0.5

    -0.5

    -0.5

    -0.5

    -0.5

    Gross domestic product (in billions of drams)

    		  

    8,501

    9,493

    10,193

    		  

    10,926

    11,760

    12,658

    13,624

    14,665

    15,784

    Gross domestic product (in millions of U.S. dollars)

    		  

    19,514

    24,186

    25,705

    		  

    26,437

    26,864

    28,084

    29,724

    31,603

    33,547

    Gross domestic product per capita (in U.S. dollars)

    		  

    6,661

    8,159

    8,671

    		  

    8,917

    9,060

    9,471

    10,024

    10,656

    11,311

    CPI (period average; percent change)

    		  

    8.7

    2.0

    0.3

    		  

    3.2

    3.0

    3.0

    3.0

    3.0

    3.0

    CPI (end of period; percent change)

    		  

    8.3

    -0.6

    1.5

    		  

    3.3

    3.0

    3.0

    3.0

    3.0

    3.0

    GDP deflator (percent change)

    		  

    8.0

    3.1

    1.4

    		  

    2.6

    3.0

    3.0

    3.0

    3.0

    3.0

    Unemployment rate (in percent)

    		  

    13.5

    12.4

    13.9

    		  

    13.5

    14.0

    14.0

    14.0

    14.0

    14.0

    Investment and saving (in percent of GDP)

    		                      

    Investment

    		  

    22.4

    22.9

    23.8

    		  

    21.2

    21.2

    21.2

    21.1

    21.1

    21.1

    National savings

    		  

    22.7

    20.6

    20.0

    		  

    16.7

    16.4

    16.5

    16.4

    16.3

    16.3
                           

    Money and credit (end of period)

    		                      

    Reserve money (percent change)

    		  

    5.0

    -4.0

    13.8

    		  

    9.8

    9.8

    9.8

    9.8

    9.8

    9.8

    Broad money (percent change)

    		  

    16.1

    17.4

    13.7

    		  

    12.5

    12.5

    12.5

    12.5

    12.5

    12.5

    Private sector credit growth (percent change)

    		  

    4.5

    18.4

    31.7

    		  

    13.3

    13.3

    13.3

    13.3

    13.3

    13.3

    Central government operations (in percent of GDP)

    		                      

    Revenue and grants

    		  

    24.3

    24.9

    25.3

    		  

    25.1

    25.4

    25.5

    25.5

    25.5

    25.5

    Of which: tax revenue

    		  

    21.9

    22.5

    22.4

    		  

    23.0

    23.3

    23.4

    23.4

    23.4

    23.4

    Expenditure

    		  

    26.4

    26.9

    29.0

    		  

    30.6

    29.9

    29.8

    29.3

    29.0

    28.8

    Overall balance on a cash basis

    		  

    -2.1

    -2.0

    -3.7

    		  

    -5.5

    -4.5

    -4.3

    -3.8

    -3.5

    -3.3

    Public and publicly-guaranteed (PPG) debt (in percent of GDP)

    		  

    49.2

    50.5

    50.0

    		  

    54.2

    55.9

    57.4

    57.6

    57.4

    57.1

    Central Government’s PPG debt (in percent of GDP)

    		  

    46.7

    48.2

    48.0

    		  

    52.4

    54.3

    56.0

    56.4

    56.4

    56.1

    Share of foreign currency Central Government PPG debt (in percent)

    		  

    62.1

    52.7

    48.2

    		  

    47.7

    46.9

    46.3

    46.3

    46.5

    46.9

    External sector

    		                      

    Exports of goods and services (in millions of U.S. dollars)

    		  

    10,118

    14,338

    18,618

    		  

    12,167

    12,292

    12,537

    12,863

    13,228

    13,611

    Exports of goods and services (percent change)

    		  

    100.8

    41.7

    29.8

    		  

    -34.7

    1.0

    2.0

    2.6

    2.8

    2.9

    Imports of goods and services (percent change)

    		  

    66.8

    41.6

    31.3

    		  

    -30.7

    1.2

    2.4

    2.9

    2.9

    3.1

    Current account balance (in percent of GDP)

    		  

    0.3

    -2.3

    -3.9

    		  

    -4.5

    -4.8

    -4.8

    -4.8

    -4.8

    -4.8

    FDI (net, in millions of U.S. dollars)

    		  

    926

    527

    76

    		  

    397

    454

    468

    483

    529

    534

    Gross international reserves (in millions of U.S. dollars)

    		  

    4,112

    3,610

    3,679

    		  

    3,427

    3,561

    3,665

    3,768

    3,869

    3,969

    Import cover 1/

    		  

    3.4

    2.3

    3.3

    		  

    3.1

    3.1

    3.1

    3.1

    3.1

    3.1

    End-of-period exchange rate (dram per U.S. dollar)

    		  

    394

    405

    397

    		  

    …

    …

    …

    …

    …

    …

    Average exchange rate (dram per U.S. dollar)

    		  

    436

    392

    397

    		  

    …

    …

    …

    …

    …

    …

    Sources: Armenian authorities; and Fund staff estimates and projections.

    1/ Gross international reserves in months of next year’s imports of goods and services, including the SDR holdings.
       
                                 

    [1] The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

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

    https://www.imf.org/en/News/Articles/2025/06/27/pr-25222-armenia-imf-executive-board-completes-the-fifth-review-under-the-stand-by-arrangement

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI: Welsbach Technology Metals Acquisition Corp. (“WTMA”) Announces Successful Approval for its Business Combination with Evolution Metals LLC (“EM”) from the Extraordinary General Meeting of Stockholders on June 26, 2025

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL and St. Louis, MO, June 27, 2025 (GLOBE NEWSWIRE) — Welsbach Technology Metals Acquisition Corp. (OTC: WTMA), a publicly traded special purpose acquisition company, today announced the successful approval from its extraordinary general meeting (“Business Combination EGM”) of stockholders for its Business Combination with Evolution Metals LLC (“EM”), dedicated to bringing to the US capital markets a secure, reliable global supply chain for critical minerals and materials (“CMM”) that is independent of China.

    Through the Business Combination, WTMA and EM expect to acquire, scale and integrate five operating companies: (1) bonded magnet manufacturing; (2) sintered magnet manufacturing; (3) magnet metals and alloy production; (4) Li-ion battery recycling; and (5) smart machine design and automation. Upon closing, the combined company will be renamed Evolution Metals & Technologies Corp. (“EM&T”) and expects to trade on Nasdaq under the symbol EMAT.

    EM&T’s business is to leverage advanced technologies such as robotics and artificial intelligence (AI) to provide integrated midstream and downstream CMM recycling and processing of oxides, metals, magnet alloys, battery materials, and rare earth magnets for key industries including, but not limited to, the automotive, aerospace, defense, healthcare, high tech, consumer electronics and appliances, and renewable energy industries, while driving a sustainable future.

    “Today’s stockholder approval marks a transformative milestone in our journey to identify a vertically integrated and geopolitically independent supply chain for critical minerals and materials.” said Daniel Mamadou, CEO of WTMA. “Our merger with Evolution Metals represents not only a strategic alignment of values and vision, but also a decisive step toward delivering long-term value for our stakeholders. We are proud to join forces with Evolution Metals, who shares our commitment to sustainability, innovation, and industrial resilience in an increasingly complex global environment.”

    David Wilcox, Managing Member of Evolution Metals LLC, added: “This is an exciting moment for Evolution Metals and our partners. Upon the completion of our merger with WTMA, we we intend to accelerate our mission to create a secure, U.S.-centered supply chain for critical materials vital to clean energy, advanced manufacturing, and national defense. By vertically integrating a supply chain of critical materials production, we bring together complementary strengths and operational capabilities that position us to lead in an era where independence and supply chain security are more important than ever. Our plans are to replicate the Korean operations we expect to acquire into Missouri, creating a major industrial campus. We expect to fully process batteries and e-waste into salts, magnets and related materials – a dominant U.S. Champion in the mid-stream.”

    In addition, WTMA today announced that WTMA is extending the deadline for its stockholders to withdraw and reverse any previously delivered demand for redemption made in connection with the Business Combination EGM until WTMA determines not to accept reversals of redemption instructions. If a stockholder has previously submitted a request to redeem its shares in connection with the Business Combination EGM and would like to reverse such request, such stockholder may contact WTMA’s transfer agent, Continental Stock Transfer & Trust Company, at spacredemptions@continentalstock.com.

    You can find further information regarding the Business Combination and related matters in WTMA’s filings with the US Securities Exchange Commission (“SEC”), including the Registration Statement on Form S-4. These filings are available on the SEC website: https://www.sec.gov/edgar/search/#/q=wtma.

    About Welsbach Technology Metals Acquisition Corp.

    Welsbach Technology Metals Acquisition Corp. (OTC: WTMA) is a blank check company focused on identifying high-impact technology metals businesses aligned with global sustainability and security trends.

    About Evolution Metals LLC

    Evolution Metals LLC is committed to establishing a secure, robust and reliable supply chain for critical minerals & materials (CMM) that is 100% independent of China for sourcing or supplying feedstocks. EM’s strategy is to acquire and develop manufacturing, recycling and processing facilities to produce essential products (including magnets, battery feedstocks and related materials) for industrial uses such as, but not limited to, electric vehicles, electronics, environmental technologies and aerospace and defense applications. EM aims to support the creation of jobs, industry and manufacturing to promote a greener future by providing bespoke solutions to support its clients globally.

    Cautionary Statement Regarding Forward Looking-Statements

    Certain statements made in this press release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “can,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “strive,” “target,” “will,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations and beliefs of the management of WTMA and EM, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the U.S. Securities and Exchange Commission (“SEC”) by WTMA and the following: WTMA’s ability to complete the proposed Business Combination or, if WTMA does not consummate such proposed Business Combination, any other initial business combination; the risk that the consummation of the proposed Business Combination is significantly delayed; the ability to recognize the anticipated benefits of the proposed Business Combination; the risk that the announcement and consummation of the proposed Business Combination disrupts EM’s current plans; following the closing of the proposed Business Combination, WTMA’s (which intends to change its name to Evolution Metals & Technologies Corp. (such post-closing entity is referred to as “New EM”)) ability to successfully integrate the business and operations of the target companies (the “Target Companies”) into its ongoing business operations and realize the intended benefits of New EM’s acquisition of the Target Companies; New EM’s ability to secure sufficient funding to successfully rebuild Critical Mineral Recovery, Inc.’s recycling facility with significant expansion on management’s expected timeline and budget, or at all; unexpected costs related to the proposed Business Combination; expectations regarding New EM’s strategies and future financial performance, including future business plans, expansion and acquisition plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, product and service acceptance, market trends, liquidity, cash flows and uses of cash, capital expenditures, and New EM’s ability to invest in growth initiatives; satisfaction or waiver (if applicable) of the conditions to the proposed Business Combination, including, among other things: (i) approval of the proposed Business Combination and related agreements and transactions by the WTMA stockholders, the holder of the EM member units and the holders of the equity interests of the other Target Companies, (ii) receipt of approval for listing on Nasdaq Stock Market LLC (“Nasdaq”) the shares of WTMA common stock to be issued in connection with the Business Combination, and (iii) the absence of any injunctions; that the amount of cash available in the trust account and from certain other investments is at least equal to the minimum available cash condition amount, after giving effect to redemptions by WTMA stockholders and certain transaction expenses; the occurrence of any other event, change or other circumstances that could give rise to the termination of the Merger Agreement; the implementation, market acceptance and success of New EM’s business model and growth strategy; the ability to obtain or maintain the listing of New EM’s common stock on Nasdaq following the proposed Business Combination; limited liquidity and trading of WTMA’s public securities; the amount of any redemptions by existing holders of WTMA common stock being greater than expected; WTMA’s ability to raise financing in the future; WTMA’s success in retaining or recruiting, or changes required in, New EM’s officers, key employees or directors following the completion of the proposed Business Combination; WTMA officers and directors allocating their time to other businesses and potentially having conflicts of interest with WTMA’s business or in approving the proposed Business Combination; the use of proceeds not held in the trust account or available to WTMA from interest income on the trust account balance; the impact of the regulatory environment and complexities with compliance related to such environment, including New EM’s ability to meet, and continue to meet, applicable regulatory requirements; New EM’s ability to execute its business plan, including with respect to its technical development and commercialization of products, and its growth and go-to-market strategies; New EM’s ability to achieve sustained, long-term profitability and commercial success; operational risks, including with respect to New EM’s use of agents or resellers in certain jurisdictions, New EM’s ability to scale up its manufacturing quantities of its products, New EM’s outsourcing of manufacturing and such manufacturers’ ability to satisfy New EM’s manufacturing needs on a timely basis, the availability of components or raw materials used to manufacture New EM’s products and New EM’s ability to process customer order backlog; New EM’s revenue deriving from a limited number of customers; geopolitical risk and changes in applicable laws or regulations, including with respect to New EM’s planned operations outside of the U.S. and Korea; New EM’s ability to attract and retain talented personnel; New EM’s ability to compete with companies that have significantly more resources; New EM’s ability to meet certain certification and compliance standards; New EM’s ability to protect its intellectual property rights and ability to protect itself against potential intellectual property infringement claims; the outcome of any known and unknown litigation and regulatory proceedings, including any proceedings that may be instituted against WTMA or EM following announcement of the proposed Business Combination; the potential characterization of New EM as an investment company subject to the Investment Company Act of 1940, as amended; and other factors detailed under the section entitled “Risk Factors” in the Registration Statement. Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of WTMA, EM and the other Target Companies prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Except to the extent required by applicable law or regulation, WTMA, EM and the other Target Companies undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

    Investor & Media Contacts

    Judith McGarry
    Evolution Metals LLC
    Tel: +1 (415) 971-2900
    Email: judith.mcgarry@evolution-metals.com

    Daniel Mamadou
    Chief Executive Officer
    Welsbach Technology Metals Acquisition Corp.
    Tel: +1 (251) 280-1980
    Email: daniel@welsbach.sg

    The MIL Network –

  • MIL-OSI: Personal Loan For Bad Credit, Honest Loans Offers $100-$50,000 With Guaranteed Approval, No Credit Check- US

    Source: GlobeNewswire (MIL-OSI)

    Houston, TX, June 27, 2025 (GLOBE NEWSWIRE) — If you’re facing financial difficulties and have bad credit, finding the right lender to secure a loan can seem like an impossible task. Traditional banks and credit institutions often turn away borrowers with poor credit histories, leaving them feeling trapped in their financial situation. 

    Honest Loans offers a solution, providing personal loans for bad credit, with instant approval and no credit check required, allowing you to borrow amounts ranging from $100 to $50,000.

    What Makes Honest Loans Stand Out?

    Honest Loans is a trustworthy lender offering personal loans for bad credit in the United States. Unlike traditional loan companies for bad credit, which may make the borrowing process complicated, Honest Loans makes it simple and fast. 

    Whether you need a small loan to cover unexpected expenses or a larger sum for something more significant, Honest Loans provides you with access to funds without the worry of a credit check.

    This approach makes Honest Loans a go-to option for those looking for personal loans for poor credit. With a simple online application process, guaranteed approval, and fast funding, it’s an ideal choice for anyone who needs quick financial relief.

    How Honest Loans Works?

    At Honest Loans, the application process is straightforward and fast. Here’s how it works:

    1. Easy Application: Apply online by filling out a simple form with basic personal details and information about your income. It only takes a few minutes to complete.
    2. Instant Approval: Unlike traditional lenders, Honest Loans doesn’t require a credit check. Instead, the lender focuses on your ability to repay based on your current income. Most borrowers can get approved within minutes.
    3. Fast Funding: Once your loan is approved, the funds are transferred directly into your bank account, often the same day or within 24 hours, depending on the time of your application.
    4. Flexible Loan Amounts: Whether you need just $100 or up to $50,000, Honest Loans can cater to your needs. Borrowers can choose a loan amount that fits their financial situation and repay it according to a schedule that works for them.

    Benefits of Personal Loans for Bad Credit

    1. Instant Approval with No Credit Check
    For individuals with bad credit, securing a loan from traditional banks can be nearly impossible. Honest Loans stands apart by offering instant approval personal loans for bad credit without the need for a credit check. This makes it accessible to a broader range of borrowers, including those who may have been rejected by other lenders.

    2. Fast Access to Funds
    When an emergency arises, waiting for loan approval can feel like an eternity. With Honest Loans, you don’t have to wait long to access the funds you need. Whether you’re borrowing a small amount to cover a utility bill or need a larger sum for medical expenses or home repairs, you can get access to your loan quickly.

    3. Borrow Up to $50,000
    Honest Loans offers flexibility in loan amounts, allowing you to borrow anywhere from $100 to $50,000. This range ensures that you can find a solution to your financial needs, no matter the size of the loan. Whether you’re looking for a payday loan or a larger personal loan, Honest Loans can help.

    4. Easy Online Application
    Gone are the days of lengthy in-person meetings and complex paperwork. Honest Loans offers a completely online payday loan application process, allowing you to apply for a personal loan for bad credit from the comfort of your own home.

    5. Convenient Repayment Terms
    Repayment schedules with Honest Loans are designed to be flexible. This allows you to make payments according to your pay cycle, so you can avoid unnecessary stress when paying off the loan.

    Why Choose Honest Loans?

    Honest Loans is one of the leading loan companies for bad credit in the U.S., offering payday loans near me that are quick, secure, and tailored to your financial situation. Here are a few reasons why Honest Loans is a top choice for individuals with bad credit:

    • No Hidden Fees: Honest Loans is transparent about the loan terms, including interest rates and fees, so you know exactly what to expect.
    • Safe and Secure: The online application process is protected with the latest encryption technology, ensuring that your personal and financial information remains safe.
    • Customer Support: Honest Loans offers reliable customer support to answer any questions you may have throughout the loan process.

    How to Apply for a Loan with Honest Loans?

    Applying for a personal loan for bad credit from Honest Loans is a quick and straightforward process. Here’s a step-by-step guide:

    1. Complete the Online Application: Fill out a brief online form with your basic information, including details about your income and employment.
    2. Receive Instant Approval: Once you submit the application, you’ll receive an approval decision almost instantly. There are no credit checks, so even if you have poor credit, you’re likely to be approved.
    3. Get Your Funds: After approval, your loan amount will be deposited directly into your bank account, typically within 24 hours.
    4. Repay on Your Terms: Repay your loan according to the agreed-upon schedule. Honest Loans offers flexibility in repayment, so you can manage your finances more easily.

    Conclusion

    Bad credit doesn’t have to stand in your way when you need cash urgently. Payday loans with guaranteed approval, ranging from $100 to $50,000, offer a fast and easy way to get the money you need, even if you have a poor credit history. 

    Honest Loans make the application process simple and fast, ensuring that you can secure funds quickly. Just be sure to understand the terms of the loan and repay it on time to avoid any long-term financial difficulties.

    Take the time to research and find the right payday loan option for your needs, and remember, these loans are meant to be a short-term solution to unexpected financial issues.

    FAQs

    What’s the easiest loan to get with poor credit?

    The easiest loan to get with poor credit is a payday loan. They don’t require good credit scores and most lenders only do a soft credit check. You just need to be 18 years old, have some income, and have a bank account.

    How much would a $5000 loan cost per month?

    A $5000 loan would cost between $200-$600 per month, depending on the interest rate and loan term. If you get a 2-year loan with 15% interest, you’d pay about $245 per month. Higher interest rates or shorter terms will cost more per month.

    Can I get a personal loan if my credit is 500?

    Yes, you can get a personal loan if your credit is 500. Payday lenders and some online lenders offer personal loan for bad credit options for people with credit scores as low as 500. You’ll pay higher interest rates, but approval is still possible.

    Can I get a $3,000 loan with bad credit?

    Yes, you can get a $3,000 loan with bad credit. Many payday lenders and bad credit loan companies offer loans up to $5,000 or more, even if you have poor credit. The key is finding lenders who specialize in bad credit loans.

    Urgent loans for bad credit guaranteed approval

    Urgent loans for bad credit guaranteed approval are available through payday lenders and online loan companies. These loans can be approved in 1-2 hours and funded the same day. Companies like Honest Loans offer guaranteed approval for people with bad credit who meet basic requirements.

    Tags: personal loan, personal loan for bad credit, payday loans USA, payday loans near me

    Disclaimer

    This article is for informational purposes only and should not be considered financial advice. Loan terms, interest rates, and approval requirements may vary by lender and location. Always read and understand the full terms and conditions before applying for any loan. Consider all your options and consult with a financial advisor if needed before making borrowing decisions.

    • Company: Honest Loans
    • Phone: 888-718-9134
    • Email: support@onlineloannetwork.com

    Attachment

    The MIL Network –

  • MIL-OSI Global: What the Supreme Court ruling against ‘universal injunctions’ means for court challenges to presidential actions

    Source: The Conversation – USA – By Cassandra Burke Robertson, Professor of Law and Director of the Center for Professional Ethics, Case Western Reserve University

    A journalist runs out of the U.S. Supreme Court building carrying a ruling on the last day of the court’s term on June 27, 2025, in Washington, D.C. Chip Somodevilla/Getty Images

    When presidents have tried to make big changes through executive orders, they have often hit a roadblock: A single federal judge, whether located in Seattle or Miami or anywhere in between, could stop these policies across the entire country.

    But on June 27, 2025, the Supreme Court significantly limited this judicial power. In Trump v. CASA Inc., a 6-3 majority ruled that federal courts likely lack the authority to issue “universal injunctions” that block government policies nationwide. The ruling means that going forward federal judges can generally only block policies from being enforced against the specific plaintiffs who filed the lawsuit, not against everyone in the country.

    The ruling emerged from a case challenging President Trump’s executive order attempting to end birthright citizenship. While three federal courts had blocked the policy nationwide, the Supreme Court allowed it to proceed against anyone who isn’t a named plaintiff in the lawsuits. This creates a legal environment where the same government policy can be simultaneously blocked for some people but enforced against others.

    Crucially, the court based its decision on interpreting the Judiciary Act of 1789 – not the Constitution – meaning Congress could restore this judicial power simply by passing new legislation.

    But what exactly are these injunctions, and why do they matter to everyday Americans?

    Immediate, irreparable harm

    When the government creates a policy that might violate the Constitution or federal law, affected people can sue in federal court to stop it. While these lawsuits work their way through the courts – a process that often takes years – judges can issue what are called “preliminary injunctions” to temporarily pause the policy if they determine it might cause immediate, irreparable harm.

    A “nationwide” injunction – sometimes called a “universal” injunction – goes further by stopping the policy for everyone across the country, not just for the people who filed the lawsuit.

    Importantly, these injunctions are designed to be temporary. They merely preserve the status quo until courts can fully examine the case’s merits. But in practice, litigation proceeds so slowly that executive actions blocked by the courts often expire when successor administrations abandon the policies.

    Legislation introduced by GOP Sen. Chuck Grassley would ban judges from issuing most nationwide injunctions.
    Sen. Chuck Grassley office

    More executive orders, more injunctions

    Nationwide injunctions aren’t new, but several things have made them more contentious recently.

    First, since a closely divided and polarized Congress rarely passes major legislation anymore, presidents rely more on executive orders to get substantive things done. This creates more opportunities to challenge presidential actions in court.

    Second, lawyers who want to challenge these orders got better at “judge shopping” – filing cases in districts where they’re likely to get judges who agree with their client’s views.

    Third, with growing political division, both parties used these injunctions more aggressively whenever the other party controls the White House.

    Affecting real people

    These legal fights have tangible consequences for millions of Americans.

    Take DACA, the common name for the program formally called Deferred Action for Childhood Arrivals, which protects about 500,000 young immigrants from deportation. For more than 10 years, these young immigrants, known as “Dreamers,” have faced constant uncertainty.

    That’s because, when President Barack Obama created DACA in 2012 and sought to expand it via executive order in 2015, a Texas judge blocked the expansion with a nationwide injunction. When Trump tried to end DACA, judges in California, New York and Washington, D.C. blocked that move. The program, and the legal challenges to it, continued under President Joe Biden. Now, the second Trump administration faces continued legal challenges over the constitutionality of the DACA program.

    More recently, judges have used nationwide injunctions to block several Trump policies. Three courts stopped the president’s attempt to deny citizenship to babies born to mothers who lack legal permanent residency in the United States – the cases that led the Supreme Court to limit the reach of injunctions. Judges have also temporarily blocked Trump’s efforts to ban transgender people from serving in the military and to freeze some federal funding for a variety of programs.

    Nationwide injunctions have also blocked congressional legislation.

    The Corporate Transparency Act, passed in 2021 and originally scheduled to go into effect in 2024, combats financial crimes by requiring businesses to disclose their true owners to the government. A Texas judge blocked this law in 2024 after gun stores challenged it.

    In early 2025, the Supreme Court allowed the law to take effect, but the Trump administration announced it simply wouldn’t enforce it – showing how these legal battles can become political power struggles.

    A polarized Congress rarely passes major legislation anymore, so presidents – including Donald Trump – have relied on executive orders to get things done.
    Christopher Furlong/Getty Images

    A ruling that Congress could change

    The Supreme Court’s decision in Trump v. CASA was notably narrow in its legal reasoning. The court explicitly stated that its ruling “rests solely on the statutory authority that federal courts possess under the Judiciary Act of 1789” and that it expressed “no view on the Government’s argument that Article III forecloses universal relief.”

    This distinction matters enormously. Because the court based its decision on interpreting a congressional statute rather than the Constitution itself, Congress has the power to overturn the ruling simply by passing new legislation that authorizes federal judges to issue nationwide injunctions.

    The Supreme Court’s majority opinion, written by Justice Amy Coney Barrett, emphasized that universal injunctions “likely exceed the equitable authority that Congress has granted to federal courts” under the Judiciary Act of 1789. The court found these injunctions lack sufficient historical precedent in traditional equity practice.

    However, the three dissenting justices strongly disagreed. Justice Sonia Sotomayor, joined by Justices Elena Kagan and Ketanji Brown Jackson, focused on the importance of birthright citizenship, explaining that “every court to evaluate the Order has deemed it patently unconstitutional.”

    As a result, the dissent argues, “the Government instead tries its hand at a different game. It asks this Court to hold that, no matter how illegal a law or policy, courts can never simply tell the Executive to stop enforcing it against anyone.”

    Legislative solutions on the table

    Congress was already considering legislation to limit judges’ ability to grant nationwide injunctions.

    Another way to address the concerns about a single judge blocking government action would be to require a three-judge panel to hear cases involving nationwide injunctions, requiring at least two of them to agree. This is similar to how courts handled major civil rights cases in the 1950s and 1960s.

    My research on this topic suggests that three judges working together would be less likely to make partisan decisions, while still being able to protect constitutional rights when necessary. Today’s technology also makes it easier for judges in different locations to work together than it was decades ago.

    What comes next

    With the Supreme Court limiting judges’ ability to issue nationwide injunctions based on an old statute, the ball is now in Congress’ court. Lawmakers could choose to restore this judicial power with new legislation, further restrict it, or leave the current limitations in place.

    Until Congress acts, the legal landscape has fundamentally shifted.

    Future challenges to presidential actions may require either cumbersome class action lawsuits or a patchwork of individual cases – potentially leaving many Americans without immediate protection from policies that courts determine violate the Constitution. But unlike a constitutional ruling, this outcome isn’t permanent: Congress holds the key to change it.

    This is an updated and expanded version of a story originally published on April 3, 2025.

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

    – ref. What the Supreme Court ruling against ‘universal injunctions’ means for court challenges to presidential actions – https://theconversation.com/what-the-supreme-court-ruling-against-universal-injunctions-means-for-court-challenges-to-presidential-actions-260040

    MIL OSI – Global Reports –

  • MIL-OSI Europe: Reinforcing global partnerships for development finance: EIB Group in Seville

    Source: European Investment Bank

    The European Investment Bank Group (EIB) President Nadia Calviño, Vice-President Ambroise Fayolle and Andrew McDowell Director General of EIB Global, the group’s specialised arm devoted to increasing the impact of international partnerships and development finance, will be leading the EIB’s delegation to the 4th United Nations International Conference on Financing for Development in Seville, Spain from Sunday, June 29th until Thursday, July 3rd.

    The EIB will announce new partnerships to boost g support for women’s health, entrepreneurship, and sustainable economic development across key global regions and sectors..contributing to the EU’s Global Gateway strategy for women’s empowerment and gender equality.

    The EIB will also join an initiative lead by the Government of Spain, the Debt Pause Clause Alliance, to promote debt pause clauses in vulnerable countries. In the past year, the EIB has introduced this possibility for more than 70 countries. The press conference on this will be livestreamed here on Tuesday July 1st at 3PM (CET).

    The EIB will join the initiative led by the Global Alliance Against Hunger and Poverty, which will focus on scaling up finance for climate-resilient social protection and smallholder agriculture, formalise a partnership with the World Food Programme (WFP) to bridge investment gaps and increase the impact of multilateral project financing, and renew its memorandum of understanding with the UN Food and Agriculture Organisation (FAO) to jointly transform food systems. The press conference on the initiative against poverty and hunger will be livestreamed here on Tuesday July 1st at 10:30AM (CET).

    Together with other multilateral development banks the EIB will launch a new report on water financing. As a top multilateral financier in the sector, the EIB will further strengthen its support for access to safe water for everyone, everywhere through its upcoming Water Resilience Programme, which foresees an investment of 15 billion euros from now to 2027. This is also in line with the commitment adopted by MDBs in December last year to significantly increase support for the water sector over the five years from 2025 to 2030, particularly in vulnerable regions. It serves as a great example of MDBs working together as a system.

    The EIB will also be convening, together with the Glasgow Financial Alliance for Net Zero (GFANZ), multilateral development banks and private sector leaders to boost concrete action for scaling up private investment in emerging markets and developing economies.

    The EIB will also be unveiling several new financing deals, that are part of the EU’s Global Gateway strategy, and Memorandums of Understanding with partners across the world, including UN agencies and fellow multilateral development institutions. The EIB will also publish its 2024 Global Impact Report during the Summit.

    “This is a very timely opportunity to reinforce Europe’s global partnerships for prosperity, win-win outcomes and peace, and to ensure that the most vulnerable are not left behind,” said President Calviño.

    In case of interview requests for EIB’s principals in Seville, please contact: 

    Monica Faro (m.faro@eib.org, +34 678 37 7117)

    Shirin Wheeler (s.wheeler@eib.org, +32 474 242 494)

    MIL OSI Europe News –

  • MIL-OSI Europe: EIB Group and European Commission simplify application of State Aid rules to support Europe’s clean industry and hold roundtable with business leaders

    Source: European Investment Bank

    EIB

    The European Investment Bank Group and the European Commission agreed to simplify State aid rules in relation to EIB Group financing, in a step to further facilitate support for Europe’s industry and economic competitiveness.

    The agreement confirms that financing by the EIB Group from its own resources falls outside the scope of EU State aid rules. The accord also eases conditions for joint investments by Member States and the EIB Group and speeds up the deployment of the InvestEU programme.

    The agreement takes place within the broader European Union framework to prevent governmental support for companies from distorting markets. The accord reinforces the EIB Group’s ability to channel investments that advance EU policy goals, such as the Clean Industrial Deal, while safeguarding the European single market.

    The Clean Industrial Deal is the Commission’s plan to strengthen the competitiveness and resilience of European industry by accelerating decarbonisation and securing the future of manufacturing in Europe. As the financial arm of the EU, the EIB Group plays a key role in mobilising private investment advancing climate action and industrial competitiveness in Europe.

    Clean Industrial Deal State Aid Framework

    On 25 June 2025, the Commission adopted a new state-aid framework supporting the Clean Industrial Deal (CISAF) to enable Member States to push forward the development of clean energy, industrial decarbonisation and clean technology.

    The EIB Group-Commission accord on State aid rules has three main elements:

    • The agreement ensures that financing provided by the EIB Group from its own resources falls outside the scope of state-aid rules along with all its consequences. This is particularly relevant for Important Projects of Common European Interest (IPCEIs), which are critical to Europe’s strategic autonomy in areas like clean technologies and advanced manufacturing. Under the agreement, EIB Group financing will not count toward State aid thresholds for IPCEIs, making it easier to combine funding sources and scale up ambition.
    • The accord facilitates co-investments by Member States and the EIB Group. When the EIB Group participates in a project that also receives support from a Member State, the required level of private-sector participation – when relevant for state-aid purposes – will be reduced by half if accompanied by an equivalent amount from the EIB Group. This principle is already reflected in CISAF and highlights the EIB Group’s role as a market reference and a catalyst for additional investment. It will facilitate equity co-investment programs with Member States, including in early-stage funds, funds managed by first-time investment teams and funds in European regions with less a developed venture capital ecosystem.
    • The agreement facilitates and accelerates the deployment of the InvestEU programme, for which the EIB Group has already mobilised billions of euros in investments for innovation, sustainability, competitiveness, and social inclusion. This paves the way for a new equity co-investment product under InvestEU and sets the stage for a review of the guarantee agreement to streamline State aid provisions in line with evolving policy priorities.

    Cleantech

    The EIB Group boosts the Clean Industrial Deal and strengthens Europe’s leadership in technology through TechEU, the EU’s largest financing programme to date in support of innovation, with the goal to attract talent, capital and investment in Europe. These actions include the reinforcement of cross guarantees for wind energy production and three new instruments to strengthen Europe’s competitiveness:

    • A €1.5 billion package to provide counter-guarantees through partner banks to grid component manufacturers to ensure sustainable supply, giving companies greater certainty to ramp up production of electricity networks across Europe. This will facilitate the integration of renewable energy into the grid and the delivery of affordable power to EU businesses and households. 
    • To help ensure predictable and affordable energy costs for businesses and accelerate investments in green energy, the EIB and Commission are launching a €500 million pilot programme to support the take-up of more corporate power purchase agreements (PPAs). The EIB will counter-guarantee, through partner banks, part of the PPAs undertaken by mid-sized as well as larger energy-intensive companies for the long-term purchase of electricity generation from clean sources.
    • To provide liquidity and working capital for highly innovative small and medium-sized enterprises active in developing green technologies, the EIB and Commission are launching a €250 million CleantechEU guarantee scheme.
    • A €1.5 billion top-up to a successful EIB programme supporting European wind turbine and component manufacturers.

    President Nadia Calviño and Commission Executive Vice-President Teresa Ribera also hosted today a roundtable on Investing in Europe’s Clean Future in Brussels with key financial and industrial stakeholders on mobilising private investments for a resilient, decarbonised European industry.

    Statements from the roundtable are available on EBS.

    EIB Group and European Commission simplify application of State Aid rules to support Europe’s clean industry and hold roundtable with business leaders

    ©EIB
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    EIB Group and European Commission simplify application of State Aid rules to support Europe’s clean industry and hold roundtable with business leaders

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    EIB Group and European Commission simplify application of State Aid rules to support Europe’s clean industry and hold roundtable with business leaders

    ©EIB
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    EIB Group and European Commission simplify application of State Aid rules to support Europe’s clean industry and hold roundtable with business leaders

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    MIL OSI Europe News –

  • MIL-OSI: CWB Wealth Announces Risk Rating Change to CWB Onyx North American Equity Fund

    Source: GlobeNewswire (MIL-OSI)

    EDMONTON, Alberta, June 27, 2025 (GLOBE NEWSWIRE) — CWB Wealth Management Ltd. (“CWB WM”), the manager of the CWB Onyx North American Equity Fund (the “Fund”), announced today the following risk rating change:  

    CWB Mutual Fund Current Rating New Rating Direction of Change
    CWB Onyx North American Equity
    Fund    		 Low to Medium Medium Higher

    This change became effective on June 27, 2025, and will be reflected in the Fund’s renewal fund facts, which are expected to be filed on or about June 27, 2025.

    CWB WM reviews the risk rating for the Fund on an annual basis, or if there has been a material change to the Fund’s investment objectives or investment strategies. The above noted change is the result of an annual review and is not the result of any changes to the investment objectives, strategies, or management of the Fund.

    CWB WM uses the standardized investment risk classification methodology contained in National Instrument 81-102 Investment Funds.

    About CWB Wealth Management

    CWB WM is a subsidiary of National Bank of Canada, a diversified financial services group providing specialized services in business and personal banking, trust and wealth management across Canada. CWB WM provides discretionary portfolio management and investment advisory services, as well as financial planning products and services. We provide a range of investment services and solutions to institutional, high-net-worth and individual investors including mutual funds, pooled funds and separately managed accounts.

    For more information:

    For further information about CWB WM or the Fund, please visit www.cwbwealth.com, email us at info@cwbwealth.com, or call us at 1-855-292-9655.

    The MIL Network –

  • MIL-OSI: XRP Struggles at $2.4 Resistance as Investors Flock to PFMCrypto’s Cloud Mining Contracts

    Source: GlobeNewswire (MIL-OSI)

    Farington, England, June 27, 2025 (GLOBE NEWSWIRE) — Innovative XRP Mining passive income model gains traction during XRP’s consolidation phase.

    XRP continues to face strong resistance at the $2.4 price level, having dipped below $2 last month amid declining network activity, shrinking futures interest, and bearish technical indicators. However, PFMCrypto’s newly launched XRP cloud mining contracts are injecting fresh energy into the ecosystem by offering investors an alternative revenue stream.

    Visit PFMCrypto’s official website: https://pfmcrypto.net 

    Revolutionizing XRP Mining Without Hardware

    Unlike proof-of-work blockchains, XRP’s consensus protocol traditionally excludes mining opportunities. PFMCrypto bridges this gap through its simulated cloud mining platform, where users can earn daily XRP rewards through flexible mining contracts – no technical knowledge or equipment required.

    Key Features of PFMCrypto’s XRP Cloud Mining Contracts:

    • No Hardware Needed: Open to all users—no mining equipment or technical setup required
    • Daily Earnings: Withdraw mining rewards daily based on active contracts
    • Secure Custody: Assets protected by PFMCrypto’s industry-grade security protocols
    • Customizable contracts: From $10 to $100,000 investments with 1-50 day terms

    Tailored Mining Solutions for All Investors

    • PFMCrypto offers tiered plans to suit any portfolio:
    • Entry-level: $100 for 2 days → Earn $3/day (+$2 bonus)
    • Mid-range: $1,000 for 9 days → Earn $13.10/day
    • Premium: $5,000 for 30 days → Earn $78.50/day
    • VIP: $10,000 for 40 days → Earn $180/day

    “Our AI-driven platform automatically optimizes for the most profitable coins, ensuring consistent returns regardless of market conditions,” explains a PFMCrypto representative.

    Click here to explore XRP mining contracts

    Why Choose PFMCrypto?

    • 100% Remote & User-Friendly – No technical knowledge or expensive equipment needed.
    • Principal Protection – Full investment refund upon contract maturity.
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    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI Russia: “We are all inclusive from birth”: the results of the All-Russian competition “My Good Business” have been summed up

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    On June 27, 2025, a ceremony was held to present awards to the winners of the All-Russian competition of socially responsible initiatives of entrepreneurs and socially oriented non-profit organizations “My Good Business”.

    The organizer of the All-Russian competition “My Good Business” is the Ministry of Economic Development of Russia. The federal operator of the Competition for the third year in a row was the State University of Management. The award ceremony for the winners, as in the previous year, was held at the Social Entrepreneurship Forum “More than Business”.

    “This is a very kind competition, fully corresponding to its name. It is not only and not so much about money, but about the impulse of the soul. The exhibition in the foyer clearly showed the interest and involvement of entrepreneurs and their clients, grandmothers and mothers. I am personally happy to participate in the main events of the Competition,” admitted Deputy Minister of Economic Development of the Russian Federation Tatyana Ilyushnikova and thanked the State University of Management for assistance in organizing the Competition.

    “GUU has been the operator of the Competition for the third year already. We can see how interest in it is growing based on the number of applications. I often visit the regions and never miss the opportunity to visit local My Business centers to meet social entrepreneurs. It is rare to find such passionate people who are ready to give everything for the sake of people and the promotion of their projects. I have never regretted that we started working on this Competition,” shared Vladimir Stroyev, Rector of GUU.

    “We see that more and more entrepreneurs are taking part in the Competition, both small and large businesses. Our foundation will be happy to continue supporting the Competition. We have recently developed state standards for assessing the social effects of good business. All of these are elements of a major task – focusing the economy on people,” said Roman Davydov, development advisor for the Our Future Foundation and member of the Public Council of the Russian Ministry of Economic Development.

    “My experience of meeting with entrepreneurs shows that for every second one, the main motive for implementing their projects is the desire to be socially useful. Focus on society has recently become increasingly important. And since everyone here is for good, there are simply no losers in this Competition,” said Dmitry Litvin, head of the Rosmolodezh.Predprinimatel and Rosmolodezh.Profi departments.

    Results of the All-Russian competition of projects in the field of social entrepreneurship and NPO “My good business”

    Track “Social Interaction”

    Nomination “Good Guy”: 2nd place: Irina Romacheva, project “Implementation of charitable and infrastructure programs aimed at supporting youth and children’s sports, adaptation of people with disabilities”, Nizhny Novgorod Region; 1st place: Anna Knyazeva, project “Dorogobuzhkotlomash – for children”, Smolensk Region.

    Nomination “Cultural Code”: 1st place: Iskandar Bakhtiyarov, project “Annual holiday for first-graders “Children are our future” from the Ufanet company”, Republic of Bashkortostan.

    Nomination “Initiatives to support socially responsible business and NPOs”: 3rd place: Nikolay Makarov, project “Competition for students of the construction program “KSM Scholar”, Republic of Karelia; 2nd place: Irina Medvedeva, project “Social entrepreneurship development program “Start your own business”, Nizhny Novgorod Region; 1st place: Evgeny Petrov, project “Information technologies in the field of social entrepreneurship”, Nizhny Novgorod Region.

    Track “Help with meaning”

    Nomination “Kind Assistance”: 3rd place: Anna Zueva, project “Charity Shop “Teplo”, Perm Krai; 2nd place: Tatyana Egorova, project “Assistance Point for Participants of the SVO “Territory of Good 26”, Stavropol Krai; 1st place: Aishat Karaeva, project “Comprehensive Social, Medical, Scientific and Information Support for the Population of the Republic of Dagestan”, Republic of Dagestan.

    Nomination “Young Entrepreneur”: 3rd place: Yaroslav Kozlov, project “NeuroCareer Guidance”, Moscow; 2nd place: Anna Pokshivanova, project “Centers for Additional Education for Children and Family Classes “Mirta Superclass”, Lipetsk Region; 1st place: Vladislav Kozin, project “School of Music KozinMusicEducation”, Rostov Region.

    Nomination “Cultural Code”: 3rd place: Elena Bobrova, project “OOO “Valeologiya” Comprehensive rehabilitation of children with disabilities in the Ivanovo Regional Center for Exercise Therapy and Sports Medicine”, Ivanovo Region; 2nd place: Marina Kolesnichenko, project “Theatrical anthology of school literature (Educational theater of the Association of Artists of the Moscow Art Theater)”, Moscow; 1st place: Irina Slesareva, project “STARFISH network of family health aqua clubs”, Moscow.

    Nomination “Kind Mom”: 3rd place: Anastasia Kupriyanova, project “Let’s Help You Learn”, Yaroslavl Region; 2nd place: Yulia Moshkina, project “Family Inclusive Club “We Are Together”, Kirov Region; 1st place: Ekaterina Davydova, project “Correctional and Development Center for Children with Disabilities “MIR”, Tyumen Region.

    Nomination “Good Guy”: 3rd place: Roman Usachev, project “EQUICENTER – power in motion”, Lugansk People’s Republic; 2nd place: Olga Repkina, project “Good Robot” – creation and development of a children’s technical creativity club”, Arkhangelsk region; 1st place: Olga Cherpakova, project “Ecosystem of assistance to the elderly and disabled “Comfort”, Tyumen region.

    Nomination “Crafts of Russia”: 3rd place: Ulyana Voitenko, project “Siberian Will”, Novosibirsk Region; 2nd place: Elena Kuvshinova, “Project for the creation of a cultural and educational center for folk art and crafts in the city of Kirovo-Chepetsk, Kirov Region”, Kirov Region; 1st place: Vladimir Matveyev, project “Reproduction of ancient Russian jewelry”, Novgorod Region.

    Silver Business nomination: 3rd place: Larisa Krutskikh, project From Movement to Speech, Altai Krai; 2nd place: Oleg Serdyuk, project Organization of Care for the Elderly and People with Limited Mobility at Home and in Hospital, Saratov Oblast; 1st place: Galina Bozhenko, project I Want! I Can! I Do!, Donetsk People’s Republic.

    Nomination: “Working to Help”: 3rd place: Gulnaz Kamalova, project “Inclusive Workshops “Dobroshtuki”, Republic of Bashkortostan; 2nd place: Yulia Romeiko, project “Charity Program “Social Hotel for Children with Cancer “Good House”, Moscow; 1st place: Marina Sintsova, project “Center for Reconstructive Dermatology, Cosmetology and Aesthetic Rehabilitation for Participants of the Special Military Operation (SVO)”, Samara Region.

    My Kind Startup nomination: 3rd place: Daniil Bredikhin, project “Smart sticker for the blind and visually impaired”, Oryol region; 2nd place: Alexander Ryabinin, project “Elevatek: creating the opportunity to live without restrictions”, Bryansk region; 1st place: Alexander Litvinov, project “Production of polymer ophthalmological implants for mass use to solve medical and social problems associated with visual impairment”, Nizhny Novgorod region.

    Special nomination “Best social franchise”: Winner – Olga Zubkova, project “Inclusive camp Novy Gorod “Druzhny”, Perm Krai.

    We congratulate all the winners and are already looking forward to the start of the next season of the All-Russian competition “My Good Business”.

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

    MIL OSI Russia News –

  • MIL-OSI Canada: Strong year-end surplus for a stronger Alberta

    [embedded content]

    Alberta closed the 2024-25 fiscal year with its fourth consecutive surplus, totalling $8.3 billion. The increase is largely due to higher-than-expected resource revenues, corporate and personal income tax revenue and impressive investment income. In the face of rapidly changing economic conditions this year due to global trade challenges, the government will use the surplus to fortify Alberta’s economic position, repay debt and save for the future.

    “Alberta’s financial strength isn’t just luck, it’s the result of disciplined decisions and a clear commitment to responsible government. While others reach for higher taxes and more debt, we’re focused on stability, savings and respect for the people who keep Alberta’s economy moving. That means more security for families, more opportunity for young people, and stronger communities across our province. In uncertain times, Alberta showing this kind of economic leadership is important.”

    Danielle Smith, Premier

    “This surplus shows Alberta’s strength. The road ahead may be rough, but Alberta is built to last. We’re paying down debt, saving for the future and backing the services Albertans count on. This surplus lets us save smart, spend wisely and stand strong for the long haul.”

    Nate Horner, President of Treasury Board and Minister of Finance

    Alberta’s economy expanded at a steady pace in 2024, supported by increased pipeline capacity through the spring opening of the Trans Mountain pipeline, record crude oil production and increased natural gas production. The price of West Texas Intermediate oil averaged $74.34 per barrel over the year, slightly higher than the $74 per barrel forecast in Budget 2024. A narrower light-heavy differential, which increases the price of Alberta’s heavy crude oil, plus a lower exchange rate also propelled higher returns for the energy sector. As a part of a Canada-wide settlement, a $713-million payment from three major Canadian tobacco companies also contributed to the surplus.

    Rapid population growth and falling interest rates bolstered the provincial economy. Alberta remained the fastest-growing province in Canada in 2024. With population growth, Alberta saw strong employment gains fuelled by full-time and permanent jobs, which led to more employed Albertans contributing to the tax base. To relieve added pressure on hospitals, schools and infrastructure, the government provided record funding for health care and education and continued to invest in the priorities of Albertans.

    When disaster hit, Alberta’s government answered the call. The government delivered $1.9 billion in disaster relief, including $702 million to fight wildfires, $191 million for evacuation and recovery, and $1 billion to support drought-hit farmers and producers.

    After calculations and adjustments, Alberta ended the year with a $5.1-billion in surplus cash. Following the province’s mandated fiscal framework, half – or $2.6 billion – will go towards improving the province’s net financial position, either through debt repayment or savings in the Alberta Heritage Savings Trust Fund. The other half will be allocated to the Alberta Fund for future use. This can include further debt payments, more savings or one-time initiatives.

    Revenue

    Revenue in 2024-25 was $82.5 billion, $8.9 billion more than estimated in Budget 2024, including:

    • $22.0 billion in non-renewable resource revenue, up from $17.3 billion at budget.
      • The increase was primarily driven by higher bitumen royalties due to narrower light-heavy oil price differentials and lower exchange rates.
    • $30.4 billion in tax revenue, $1.7 billion higher than estimated in Budget 2024. This included:
      • $8.1 billion in corporate income tax, $1.1 billion more than at budget, even as the province maintained the lowest corporate income tax rate in the country.
      • A record high of $16.1 billion in personal income tax, $0.5 billion more than estimated in Budget 2024, in large part because of strong growth in personal incomes and Alberta’s growing population.

    Expense

    Expense in 2024-25 was $74.1 billion, $967 million more than estimated in Budget 2024, including:

    • $29.6 billion in health expense, a 2.9 per cent increase from budget, as the province began refocusing the health system to better meet the needs of patients and families, provide more surgeries, recruit more doctors and provide lab services.  
    • $17.2 billion for education, or a 1.1 per cent increase from budget, including:
      • $9.9 billion for K-12 education, with more money to hire more teachers as enrolment increased.
      • $7.2 billion for post-secondary institutions to increase seats in high-demand areas, including apprenticeship training.
    • $1.9 billion for disaster relief and emergency supports.

    Debt

    The province ended the year with taxpayer-supported debt of $85.2 billion. Total debt-servicing costs were $3.2 billion in 2024-25, down $0.2 billion from budget because of lower-than-expected borrowing requirements.

    Oil Prices

    • A barrel of West Texas Intermediate averaged US$74.34 per barrel in 2024-25, slightly higher than the US$74 per barrel forecast in Budget 2024.
    • The light-heavy oil price differential averaged US$13.06 per barrel in 2024-25, $2.94 narrower than estimated in budget, influenced by increased demand for heavier crude and the completion of the TMX expansion project.

    Alberta Heritage Savings Trust Fund

    The province grew the market value of the Heritage Fund to a record high of $27.2 billion as of March 31, 2025. The Heritage Fund grew by $4.2 billion last year, fuelled by $1.9 billion in investment income and $2 billion in surplus cash reinvested from 2023-24. This growth supports Alberta’s bold plan to reach $250 billion by 2050 while diversifying the economy for a stronger future.

    Through responsible fiscal management, Alberta is building a stable economic foundation and saving for a secure tomorrow. No matter the challenges ahead, Alberta has the resources and resilience to protect its prosperity.

    Related information

    • Budget 2024: A responsible plan for a growing province

    Related news

    • Q2 update: Under Pressure (Nov. 21, 2024)
    • Q1 update: Continued fiscal growth (Aug. 31, 2023)

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

  • MIL-OSI USA: ICYMI: Cheapest Summer Gas Prices in Four Years

    US Senate News:

    Source: US Whitehouse
    Americans are seeing the cheapest summertime gas prices since 2021 — more than 20 cents lower than one year ago — as President Donald J. Trump delivers on his promises of lower prices, stable inflation, and higher wages.
    The Fake News was wrong (again).
    From The New York Times: “Summer road trips appear to be safe from a big spike in gasoline prices. The national average price of gasoline has hovered around $3.20 a gallon this week after Israel and Iran agreed to a cease-fire … And it is more than 20 cents lower than a year ago. The last time the cost for drivers was lower in late June was in 2021.”
    From The Wall Street Journal: “Hitting the road this summer won’t bring as big of a hit to your wallet. The national average for a gallon of regular gasoline, $3.21, is about 23 cents cheaper than this time last year … Reduced prices would be a boon for consumers during the warmer months when Americans drive more. Low energy prices so far this year have already contributed to the economy’s resilience and helped keep inflation in check.”
    From NBC News: “Looking at gas prices that are the best in four years — and this is so important for all of those millions of people who will be hitting the roads … 20 cents less than it was a year ago, so that’s six or seven bucks extra when you fill up. That’s real money.”

    MIL OSI USA News –

  • MIL-OSI USA: Malliotakis Leads Push to Eliminate Burdensome IRS Paperwork for Online Sellers

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, D.C.) – This week, Congresswoman Nicole Malliotakis (NY-11) renewed her call to eliminate the burdensome paperwork for online sellers earning at least $600. As a member of the House Ways and Means Committee, she is actively working to cut red tape and protect casual sellers from unnecessary and excessive reporting requirements by raising the threshold to $20,000 for those completing a minimum of 200 transactions.

     

    “I will continue working to cut red tape from burdensome 1099-K reporting requirements so they can stop wasting time on unnecessary paperwork and instead use their energy to create new opportunities for their small businesses,” said Rep. Nicole Malliotakis. “As more Americans turn to resold, refurbished, and repaired items, I applaud the efforts of leading industry platforms to create trusted spaces for buying and selling in the growing secondhand economy, but despite this progress, casual sellers continue to face increasing bureaucratic hurdles under the current 1099-K threshold making it urgent for Congress to take action.”

     

    Malliotakis was recently joined at the Capitol by Vivian Vassar, a Staten Island small business owner and founder of “Hey Viv,” an online retro clothing store that’s been in business for over 35 years. The two advocated for this change to the Biden-era policy and attended the launch of a caucus dedicated to supporting these online small businesses. 

     

    “As a Staten Island business, I’m encouraged to see the Recommerce Committee focusing on policies that support and strengthen online businesses, helping to keep US e-commerce strong and competitive,” said Vivian Vassar, Owner of Hey Viv.

     

    The growing impact of 1099-K reporting on casual sellers highlights how tax requirements are burdening the rapidly growing recommerce economy. Recommerce is the resale, repair, and refurbishment of goods is revitalizing the American commerce economy, and is projected to reach $1.04 trillion globally by 2035. In 2024, 58% of consumers purchased secondhand apparel, with 56% of those transactions occurring online. Language to increase the thresholds and number of transactions to trigger reporting was included in the House’s tax bill which Malliotakis helped craft and can become law as early as next week.

     

    As part of this effort, Rep. Malliotakis joined Rep. Sydney Kamlager-Dove (CA-37) in launching the bipartisan Recommerce Caucus. The caucus aims to empower small sellers and entrepreneurs by advocating for policies that support income through resale, repair, and refurbishment; promote a sustainable, circular economy by extending product life and reducing waste; and expand access to digital marketplaces by lowering barriers and increasing digital inclusion for all Americans.

     

    “As a lifelong thrifter and advocate for sustainable business practices, I’m proud to partner with Rep. Malliotakis to launch the bipartisan Recommerce Caucus,” said Rep. Sydney Kamlager-Dove. “Recommerce is more than a trend — it’s a growing economic engine that provides consumers with affordable, high-quality goods and gives entrepreneurs, small businesses, and resellers access to trusted, thriving marketplaces. Together, we’re committed to advancing policies that support the circular economy, reduce waste, and empower buyers and sellers nationwide. ”

     

    The Recommerce Caucus is endorsed by a growing coalition of leading platforms and advocates, including eBay, Etsy, Mercari, OfferUp, Pinterest, Poshmark, Red Bubble, and the PASS Coalition.

     

    Read the Wall Street Journal’s Exclusive on the launch of the Recommerce Caucus HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Malliotakis Leads Push to Eliminate Burdensome IRS Paperwork for Online Sellers

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, D.C.) – This week, Congresswoman Nicole Malliotakis (NY-11) renewed her call to eliminate the burdensome paperwork for online sellers earning at least $600. As a member of the House Ways and Means Committee, she is actively working to cut red tape and protect casual sellers from unnecessary and excessive reporting requirements by raising the threshold to $20,000 for those completing a minimum of 200 transactions.

     

    “I will continue working to cut red tape from burdensome 1099-K reporting requirements so they can stop wasting time on unnecessary paperwork and instead use their energy to create new opportunities for their small businesses,” said Rep. Nicole Malliotakis. “As more Americans turn to resold, refurbished, and repaired items, I applaud the efforts of leading industry platforms to create trusted spaces for buying and selling in the growing secondhand economy, but despite this progress, casual sellers continue to face increasing bureaucratic hurdles under the current 1099-K threshold making it urgent for Congress to take action.”

     

    Malliotakis was recently joined at the Capitol by Vivian Vassar, a Staten Island small business owner and founder of “Hey Viv,” an online retro clothing store that’s been in business for over 35 years. The two advocated for this change to the Biden-era policy and attended the launch of a caucus dedicated to supporting these online small businesses. 

     

    “As a Staten Island business, I’m encouraged to see the Recommerce Committee focusing on policies that support and strengthen online businesses, helping to keep US e-commerce strong and competitive,” said Vivian Vassar, Owner of Hey Viv.

     

    The growing impact of 1099-K reporting on casual sellers highlights how tax requirements are burdening the rapidly growing recommerce economy. Recommerce is the resale, repair, and refurbishment of goods is revitalizing the American commerce economy, and is projected to reach $1.04 trillion globally by 2035. In 2024, 58% of consumers purchased secondhand apparel, with 56% of those transactions occurring online. Language to increase the thresholds and number of transactions to trigger reporting was included in the House’s tax bill which Malliotakis helped craft and can become law as early as next week.

     

    As part of this effort, Rep. Malliotakis joined Rep. Sydney Kamlager-Dove (CA-37) in launching the bipartisan Recommerce Caucus. The caucus aims to empower small sellers and entrepreneurs by advocating for policies that support income through resale, repair, and refurbishment; promote a sustainable, circular economy by extending product life and reducing waste; and expand access to digital marketplaces by lowering barriers and increasing digital inclusion for all Americans.

     

    “As a lifelong thrifter and advocate for sustainable business practices, I’m proud to partner with Rep. Malliotakis to launch the bipartisan Recommerce Caucus,” said Rep. Sydney Kamlager-Dove. “Recommerce is more than a trend — it’s a growing economic engine that provides consumers with affordable, high-quality goods and gives entrepreneurs, small businesses, and resellers access to trusted, thriving marketplaces. Together, we’re committed to advancing policies that support the circular economy, reduce waste, and empower buyers and sellers nationwide. ”

     

    The Recommerce Caucus is endorsed by a growing coalition of leading platforms and advocates, including eBay, Etsy, Mercari, OfferUp, Pinterest, Poshmark, Red Bubble, and the PASS Coalition.

     

    Read the Wall Street Journal’s Exclusive on the launch of the Recommerce Caucus HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Malliotakis Leads Push to Eliminate Burdensome IRS Paperwork for Online Sellers

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, D.C.) – This week, Congresswoman Nicole Malliotakis (NY-11) renewed her call to eliminate the burdensome paperwork for online sellers earning at least $600. As a member of the House Ways and Means Committee, she is actively working to cut red tape and protect casual sellers from unnecessary and excessive reporting requirements by raising the threshold to $20,000 for those completing a minimum of 200 transactions.

     

    “I will continue working to cut red tape from burdensome 1099-K reporting requirements so they can stop wasting time on unnecessary paperwork and instead use their energy to create new opportunities for their small businesses,” said Rep. Nicole Malliotakis. “As more Americans turn to resold, refurbished, and repaired items, I applaud the efforts of leading industry platforms to create trusted spaces for buying and selling in the growing secondhand economy, but despite this progress, casual sellers continue to face increasing bureaucratic hurdles under the current 1099-K threshold making it urgent for Congress to take action.”

     

    Malliotakis was recently joined at the Capitol by Vivian Vassar, a Staten Island small business owner and founder of “Hey Viv,” an online retro clothing store that’s been in business for over 35 years. The two advocated for this change to the Biden-era policy and attended the launch of a caucus dedicated to supporting these online small businesses. 

     

    “As a Staten Island business, I’m encouraged to see the Recommerce Committee focusing on policies that support and strengthen online businesses, helping to keep US e-commerce strong and competitive,” said Vivian Vassar, Owner of Hey Viv.

     

    The growing impact of 1099-K reporting on casual sellers highlights how tax requirements are burdening the rapidly growing recommerce economy. Recommerce is the resale, repair, and refurbishment of goods is revitalizing the American commerce economy, and is projected to reach $1.04 trillion globally by 2035. In 2024, 58% of consumers purchased secondhand apparel, with 56% of those transactions occurring online. Language to increase the thresholds and number of transactions to trigger reporting was included in the House’s tax bill which Malliotakis helped craft and can become law as early as next week.

     

    As part of this effort, Rep. Malliotakis joined Rep. Sydney Kamlager-Dove (CA-37) in launching the bipartisan Recommerce Caucus. The caucus aims to empower small sellers and entrepreneurs by advocating for policies that support income through resale, repair, and refurbishment; promote a sustainable, circular economy by extending product life and reducing waste; and expand access to digital marketplaces by lowering barriers and increasing digital inclusion for all Americans.

     

    “As a lifelong thrifter and advocate for sustainable business practices, I’m proud to partner with Rep. Malliotakis to launch the bipartisan Recommerce Caucus,” said Rep. Sydney Kamlager-Dove. “Recommerce is more than a trend — it’s a growing economic engine that provides consumers with affordable, high-quality goods and gives entrepreneurs, small businesses, and resellers access to trusted, thriving marketplaces. Together, we’re committed to advancing policies that support the circular economy, reduce waste, and empower buyers and sellers nationwide. ”

     

    The Recommerce Caucus is endorsed by a growing coalition of leading platforms and advocates, including eBay, Etsy, Mercari, OfferUp, Pinterest, Poshmark, Red Bubble, and the PASS Coalition.

     

    Read the Wall Street Journal’s Exclusive on the launch of the Recommerce Caucus HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Malliotakis Leads Push to Eliminate Burdensome IRS Paperwork for Online Sellers

    Source: United States House of Representatives – Congresswoman Nicole Malliotakis (NY-11)

    (WASHINGTON, D.C.) – This week, Congresswoman Nicole Malliotakis (NY-11) renewed her call to eliminate the burdensome paperwork for online sellers earning at least $600. As a member of the House Ways and Means Committee, she is actively working to cut red tape and protect casual sellers from unnecessary and excessive reporting requirements by raising the threshold to $20,000 for those completing a minimum of 200 transactions.

     

    “I will continue working to cut red tape from burdensome 1099-K reporting requirements so they can stop wasting time on unnecessary paperwork and instead use their energy to create new opportunities for their small businesses,” said Rep. Nicole Malliotakis. “As more Americans turn to resold, refurbished, and repaired items, I applaud the efforts of leading industry platforms to create trusted spaces for buying and selling in the growing secondhand economy, but despite this progress, casual sellers continue to face increasing bureaucratic hurdles under the current 1099-K threshold making it urgent for Congress to take action.”

     

    Malliotakis was recently joined at the Capitol by Vivian Vassar, a Staten Island small business owner and founder of “Hey Viv,” an online retro clothing store that’s been in business for over 35 years. The two advocated for this change to the Biden-era policy and attended the launch of a caucus dedicated to supporting these online small businesses. 

     

    “As a Staten Island business, I’m encouraged to see the Recommerce Committee focusing on policies that support and strengthen online businesses, helping to keep US e-commerce strong and competitive,” said Vivian Vassar, Owner of Hey Viv.

     

    The growing impact of 1099-K reporting on casual sellers highlights how tax requirements are burdening the rapidly growing recommerce economy. Recommerce is the resale, repair, and refurbishment of goods is revitalizing the American commerce economy, and is projected to reach $1.04 trillion globally by 2035. In 2024, 58% of consumers purchased secondhand apparel, with 56% of those transactions occurring online. Language to increase the thresholds and number of transactions to trigger reporting was included in the House’s tax bill which Malliotakis helped craft and can become law as early as next week.

     

    As part of this effort, Rep. Malliotakis joined Rep. Sydney Kamlager-Dove (CA-37) in launching the bipartisan Recommerce Caucus. The caucus aims to empower small sellers and entrepreneurs by advocating for policies that support income through resale, repair, and refurbishment; promote a sustainable, circular economy by extending product life and reducing waste; and expand access to digital marketplaces by lowering barriers and increasing digital inclusion for all Americans.

     

    “As a lifelong thrifter and advocate for sustainable business practices, I’m proud to partner with Rep. Malliotakis to launch the bipartisan Recommerce Caucus,” said Rep. Sydney Kamlager-Dove. “Recommerce is more than a trend — it’s a growing economic engine that provides consumers with affordable, high-quality goods and gives entrepreneurs, small businesses, and resellers access to trusted, thriving marketplaces. Together, we’re committed to advancing policies that support the circular economy, reduce waste, and empower buyers and sellers nationwide. ”

     

    The Recommerce Caucus is endorsed by a growing coalition of leading platforms and advocates, including eBay, Etsy, Mercari, OfferUp, Pinterest, Poshmark, Red Bubble, and the PASS Coalition.

     

    Read the Wall Street Journal’s Exclusive on the launch of the Recommerce Caucus HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Tenney Demands Answers from Governor Hochul on Sanctuary State Policies and Costs to New Yorkers

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Washington, DC – Congresswoman Claudia Tenney (NY-24) today sent a letter to Governor Kathy Hochul demanding answers to critical questions she failed to address during her recent testimony before the House Committee on Oversight and Government Reform.

    On June 12, 2025, the Oversight Committee held a hearing examining the impact of sanctuary state policies. During the hearing, Rep. Tenney directly questioned Governor Hochul about the number of illegal aliens currently held in New York State’s prison system, the associated costs to taxpayers, and the effects of New York’s dangerous Green Light Law. Despite repeated inquiries, Governor Hochul has left these questions unanswered and failed to follow up as promised.

     “Governor Hochul continues to fail the people of New York by prioritizing illegal aliens over the safety, security, and financial well-being of law-abiding citizens. She couldn’t provide basic information about how many illegal aliens are in our prisons or the cost to New York taxpayers. She also failed to provide the total amount of taxpayer dollars spent on services for illegal aliens during her tenure as Governor. It’s time for Hochul to reverse New York’s reckless sanctuary policies that endanger our communities and drain public resources. I will continue to advocate for policies that put New Yorkers first,” said Congresswoman Tenney.

     Read the full text of the letter here.

     

     ###

    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Tenney Demands Answers from Governor Hochul on Sanctuary State Policies and Costs to New Yorkers

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Washington, DC – Congresswoman Claudia Tenney (NY-24) today sent a letter to Governor Kathy Hochul demanding answers to critical questions she failed to address during her recent testimony before the House Committee on Oversight and Government Reform.

    On June 12, 2025, the Oversight Committee held a hearing examining the impact of sanctuary state policies. During the hearing, Rep. Tenney directly questioned Governor Hochul about the number of illegal aliens currently held in New York State’s prison system, the associated costs to taxpayers, and the effects of New York’s dangerous Green Light Law. Despite repeated inquiries, Governor Hochul has left these questions unanswered and failed to follow up as promised.

     “Governor Hochul continues to fail the people of New York by prioritizing illegal aliens over the safety, security, and financial well-being of law-abiding citizens. She couldn’t provide basic information about how many illegal aliens are in our prisons or the cost to New York taxpayers. She also failed to provide the total amount of taxpayer dollars spent on services for illegal aliens during her tenure as Governor. It’s time for Hochul to reverse New York’s reckless sanctuary policies that endanger our communities and drain public resources. I will continue to advocate for policies that put New Yorkers first,” said Congresswoman Tenney.

     Read the full text of the letter here.

     

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    MIL OSI USA News –

  • MIL-OSI USA: At Chimney Rock State Park Reopening, Governor Josh Stein Calls for Travelers to “Rediscover the Unforgettable” Western North Carolina

    Source: US State of North Carolina

    Headline: At Chimney Rock State Park Reopening, Governor Josh Stein Calls for Travelers to “Rediscover the Unforgettable” Western North Carolina

    At Chimney Rock State Park Reopening, Governor Josh Stein Calls for Travelers to “Rediscover the Unforgettable” Western North Carolina
    lsaito

    Raleigh, NC

    Governor Josh Stein today reopened Chimney Rock State Park and announced “Rediscover the Unforgettable,” a new tourism initiative to bring more visitors back to western North Carolina. Advanced reservations are required to access the park, which will be open with limited hours. At the reopening, Governor Stein also signed House Bill 1012: Disaster Recovery Act of 2025 – Part II into law.  

    “Nine months ago, Hurricane Helene devastated western North Carolina’s economy. Let’s make sure our neighbors know we haven’t forgotten them,” said Governor Josh Stein. “We can support the region’s recovery just by showing up. If you’re planning your summer vacation or a weekend getaway, make sure to experience something that makes western North Carolina unforgettable. And that includes beautiful Chimney Rock State Park.” 

    “Tourism is essential to western North Carolina’s economy, and our rural communities are home to so many natural and cultural treasures. It’s important that we keep the recovery going strong by spending our tourist dollars here,” said First Lady Anna Stein. “I’m proud to be focusing on rural tourism and grateful to be spending time this summer out west – I encourage my fellow North Carolinians to join me.” 

    “Chimney Rock State Park is a vital landmark that typically attracts 400,000 visitors per year,” said Department of Natural and Cultural Resources Secretary Pamela Cashwell. “It has been an all-hands-on-deck effort to reopen the park, and I am grateful to our team and our partners who have worked so hard on this goal. We are committed to supporting park staff and local partners as the park begins welcoming visitors once again.” 

    “Hurricane Helene damaged thousands of roads and bridges across the state, including the bridge leading to Chimney Rock State Park,” said Department of Transportation Secretary Joey Hopkins. “Our team has worked tirelessly to restore connectivity by repairing and reopening roads and will continue to do so until complete, so people can once again enjoy everything our state has to offer.” 

    “Whether you’re a foodie, a hiker, or a waterfall enthusiast, Western North Carolina has the unique experiences that make every trip here unforgettable,” said Visit NC Executive Director Wit Tuttell. “As the state’s tourism marketing organization, Visit NC has dedicated the past nine months to telling Western North Carolina’s story. Now, we are proud to be working with Governor Stein to promote our exceptional mountains.” 

    Chimney Rock experienced severe devastation because of Hurricane Helene, and the loss of key roads, bridges, and trails made Chimney Rock State Park inaccessible. Nine months later, thanks to dedicated efforts by the Department of Natural and Cultural Resources, the Division of Parks and Recreation, the Department of Transportation, and local partners, Chimney Rock State Park is able to reopen on a limited basis: from Fridays to Mondays to visitors who make advance reservations. While the village of Chimney Rock has not yet officially reopened, several local businesses are open and welcoming tourists.  

    Hurricane Helene devastated businesses and tourist attractions, particularly during the critical fall foliage season. Now as a new tourism season begins, Governor Stein and VisitNC are teaming up with a new tourism initiative, “Rediscover the Unforgettable Western North Carolina.” This campaign will be available to local chambers of commerce, tourism boards, and small businesses for their promotional efforts. Musician and western North Carolina native Eric Church is the proud voice of a new video highlighting the initiative.

    I’m proud to be from Western North Carolina. It’s where I was born, it’s where my soul finds rest,” said Eric Church. “Our family has lived here for generations, and it has become a part of the fabric that has made me the man that I am now. It’s an honor to be the voice that invites more people to discover and visit a place we love.”

    Governor Josh Stein continues to advocate for western North Carolina, asking the Trump administration and the U.S. Congress to send $19 billion to North Carolina for disaster relief – $11.5 billion in new appropriations and $7.5 billion in allocations from previous appropriations. Last week, Stein worked with the Department of Commerce to launch Renew NC, a new housing recovery program that is now accepting applications from homeowners impacted by Hurricane Helene. North Carolinians are encouraged to apply at renewnc.org.   

    Jun 27, 2025

    MIL OSI USA News –

  • MIL-OSI USA: News 06/27/2025 VIDEO: Blackburn Pays Tribute to Life, Achievements, and Legacy of FedEx Founder and Tennessean Fred Smith

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)
    WASHINGTON, D.C. – Today, U.S. Senator Marsha Blackburn (R-Tenn.) delivered remarks on the Senate floor remembering the life of FedEx founder and fellow Tennessean, Fred Smith. Following her remarks, the Senate unanimously passed her resolution honoring his incredible life, achievements, patriotism, and legacy.

    Click here to download Senator Blackburn’s remarks on the Senate floor.
    Click here to read the full text of the resolution.
    REMARKS AS PREPARED
    Thank you, Mister President. Last week, our nation lost a revolutionary business leader, committed philanthropist, and incredible Tennessean: Fred Smith.
    Like all great leaders, Fred had a vision for a better future—and did everything possible to make it happen.
    That’s why, in 1973, he founded FedEx with a simple yet bold idea: overnight delivery.
    Today, we take instant shipping for granted. In many ways, it’s the engine of our global economy. But back then, it was considered far from practical. 
    It took someone like Fred to make it happen—pioneering innovations in transportation and logistics that have defined the industry ever since.
    It wasn’t easy. But with his commitment to excellence, he grew FedEx into a $53 billion company that employs half a million people, connects more than 220 countries and territories, and moves more than 17 million shipments each day.
    Even with his global accomplishments, Fred never lost sight of home. He based his company in his hometown of Memphis, turning the city into a center for global logistics.
    And through his philanthropic support for education, community programs, arts, health care, and more, he always found ways to give back to his community and make Memphis a better place.
    In many ways, service defined his life.
    Before founding FedEx, Fred served for four years in the United States Marine Corps, including two tours in Vietnam.
    He was decorated with the Silver Star, Bronze Star, and two Purple Hearts. But for Fred, the greatest honor was serving alongside his troops as a company commander.
    In an interview last year, Fred recounted a time when the men in his company dug his foxhole for him so he could get more rest:
    “They were as tired or more tired, but they took their energy to take care of me. And it was one of the best things that ever happened to me, because it told me they cared for me, they appreciated my leadership.”
    We should all be grateful that Fred Smith chose a life of leadership and service.
    On behalf of all Tennesseans, I extend my heartfelt condolences to Fred’s beloved wife Diane, his 9 children, and his entire family.
    To celebrate this great American, I am asking for unanimous consent to pass my resolution that honors his incredible life, achievements, patriotism, and legacy.

    MIL OSI USA News –

  • MIL-OSI Russia: Georgian PM: Deepening cooperation with China remains one of the government’s top priorities

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    TBILISI, June 27 (Xinhua) — Deepening cooperation with China remains one of the top priorities for Georgia and its government, Georgian Prime Minister Irakli Kobakhidze said Friday while presenting his government’s annual activity report to parliament.

    “As for relations with China, this is one of the most important priorities for our country and government. Our task is to deepen political and trade-economic ties as much as possible. We signed a strategic partnership agreement with China the year before last and will do everything to ensure that this agreement is reflected in specific results in the future. Active work on this will continue in the future,” the head of government noted.

    According to M. Kobakhidze, in 2024, Georgia’s economy grew by 9.4 percent, which allowed maintaining the sustainable economic growth rates observed since 2021. In January-April 2025, economic growth was 8.8 percent, and preliminary data for May also confirm the positive dynamics. According to the Prime Minister, the country will not only achieve the indicators planned in the budget, but will also exceed them. The International Monetary Fund has increased the forecast for Georgia’s economic growth in 2025 to 7.2 percent, and the government considers this target quite achievable, even ahead of the plan.

    M. Kobakhidze expressed Tbilisi’s readiness to restore strategic partnership with the United States. “We are ready to do this with a specific roadmap that will reflect the interests of both countries,” he said. According to him, very important steps have been taken between the two countries in the direction of embassies, including the appointment of the Georgian ambassador to the United States, and he believes that these recent changes will ultimately contribute to a reset of relations.

    Speaking about European integration, the Prime Minister reiterated Georgia’s goal of becoming a full member of the European Union by 2030. At the same time, he expressed hope for a “fair and sound approach” from European institutions and stressed that the government maintains a pragmatic course towards European integration. –0–

    MIL OSI Russia News –

  • MIL-OSI USA: Governor Hochul Signs Legislation to Avert a Municipal Default in the City of Dunkirk

    Source: US State of New York

    overnor Hochul signed into law legislation authorizing an emergency loan from the State of New York to the City of Dunkirk. The City of Dunkirk is facing a severe fiscal crisis, driven by years of structural deficits and compounded by a looming deadline to repay a major revenue anticipation note. This legislation safeguards Dunkirk residents from more costly and expensive alternative measures, such as the creation of a financial control board.

    “Having spent years in local government, I understand the challenges our local leaders are experiencing, and this financial support to the City of Dunkirk is necessary to avoid a potentially devastating default that could ripple far beyond Dunkirk’s borders,” Governor Hochul said. “This legislation reflects the State’s commitment to stabilizing local governments in crisis while protecting the broader financial integrity of New York municipalities.”

    Legislation S.8413/A.8870 enacts “The City of Dunkirk Revenue Anticipation Note Refinancing Act,” which allows the city to use state funds to repay its $12.7 million revenue anticipation note due July 24, 2025, which it would otherwise be unable to pay in full. The loan carries a 15-year amortization period at a 7.5 percent interest rate and must be repaid using city revenues, including through offsets to state aid.

    The Act also requires the city to demonstrate that it has made good faith efforts to raise the necessary funds independently and includes provisions for state oversight of future fiscal practices while the loan is outstanding.

    The Act also requires Dunkirk to provide annual attestation of its inability to refinance through deficit bonds or notes and remains subject to the oversight framework established under the Dunkirk Fiscal Recovery Act of 2024. The Act supports the City’s efforts to secure their long-term fiscal future and demonstrates the Governor’s commitment to the fiscal health of all state municipalities.

    Assemblymember J. Gary Pretlow said, “This legislation is a necessary and prudent step to prevent fiscal collapse in the City of Dunkirk, while ensuring state resources are used responsibly. By authorizing this emergency loan with clear repayment terms and robust oversight, we are not only helping a city in crisis but protecting the financial health of the entire state and reaffirming our commitment to sound, accountable governance.”

    City of Dunkirk Mayor Kate Wdowiasz said, “On behalf of the City of Dunkirk, I want to extend my sincere gratitude to Governor Hochul for signing the critical legislation that authorizes the state loan to assist our city during this unprecedented fiscal crisis. This support is a vital step forward in helping Dunkirk stabilize its finances, continue delivering essential services, and begin the long-overdue process of rebuilding our financial foundation. The Governor’s action today reaffirms her commitment to communities like ours and allows us to correct decades of mismanagement and move toward a more sustainable future.”

    MIL OSI USA News –