Category: Economy

  • MIL-Evening Report: Whatever happened to the Albanese government’s wellbeing agenda?

    Source: The Conversation (Au and NZ) – By Kate Sollis, Research Fellow, University of Tasmania

    DavideAngelini/Shutterstock

    The Albanese government devoted time and energy in its first term to developing a wellbeing agenda for the economy and society.

    It was a passion project of Treasurer Jim Chalmers, who wanted better ways to measure national welfare beyond traditional economic indicators such as growth, jobs and inflation.

    Chalmers developed the Measuring What Matters framework to try to better align economic, social and environmental goals as

    part of a deliberate effort to put people and progress, fairness and opportunity at the very core of our thinking about our economy and our society.

    As Labor settles into its second term, what has happened to its wellbeing agenda? And how much was a poor consultation process to blame for it apparently falling by the wayside?

    Measuring What Matters

    Measuring What Matters was badged as a wellbeing framework to improve the lives of Australians and help better inform policy-making across all levels of government.

    It tracked 50 indicators spread across five overarching themes:

    • healthy
    • secure
    • sustainable
    • cohesive
    • prosperous.

    There was also a standalone indicator on life satisfaction.

    The data is updated annually by the Australian Bureau of Statistics, with the Treasury due to report on outcomes every three years.

    The first Measuring What Matters statement in 2023 showed improvements across some indicators, such as life expectancy, job opportunities and accepting diversity. But it also revealed higher rates of chronic illness and problems with housing affordability.

    The fanfare surrounding the release has since fizzled, and wellbeing is now seldom mentioned.

    Furthermore, there is little evidence insights have been taken up by the government. The Australian National Audit Office recently noted the challenge of embedding Measuring What Matters in policy, as well as the absence of any evaluation work to gauge its effectiveness.

    The wellbeing agenda appears to have been sidelined for two reasons: an insufficient consultation process to properly develop the framework, and the cost-of-living crisis.

    Poor consultation

    Wellbeing frameworks have high potential to impact policy. But they need to be developed and implemented in the right way.

    One crucial factor is adequate community engagement, which would have helped ensure accurate representation of what people truly value in terms of wellbeing. Done properly, it could also have secured buy-in from the community, depoliticised the initiative, and even strengthened democracy.

    But adequate time was not taken to get the consultation process right, with the government in a rush to release Measuring What Matters. Announced in the October 2022 Budget, two consultation phases were undertaken.

    The first, mainly with technical experts, took three months. The second, which sought feedback from individuals and community groups, was even shorter. It was over in just one month.

    Measuring What Matters was released shortly after, in July 2023.

    Our research, recently published in the Australian Journal of Social Issues, analysed the public consultation phase. We found it was inadequate across four areas.

    Comprehensiveness: the timeframe for phase two was too short to allow organisations and communities to meaningfully engage.

    Reach: there was limited engagement with the general public.

    Transparency: the community was not informed how feedback would be incorporated in the framework and no consultation report was published.

    Genuineness: while some feedback was incorporated in the framework, key topics raised in the consultation were not acted on, including greater involvement of First Nations people.

    Greater community engagement would have ensured the framework, and any policy it produced, better reflected what Australians value for their wellbeing. It would have also promoted people’s ownership of the framework, helping to foster greater understanding and support for the initiative.

    Although Measuring What Matters is now established, it is not too late to realise proper community engagement.

    Taboo subject

    The other factor to run interference was the cost-of-living crisis, which dominated the government’s first term.

    Ministers were hesitant to talk about much else. Any references to wellbeing, which for some may elicit images of people meditating or practising yoga, might have been seen as risky.

    This is a shame. Wellbeing policies have the potential to improve people’s lives.

    We can draw some inspiration from an alliance of countries, including New Zealand, Scotland, Finland, Iceland and Wales, which have at various times put people’s wellbeing at the forefront of policy development and evaluation.

    For example, while progress has been slow and there have been key challenges to overcome, the Welsh Well-being of Future Generations Act has led to policy changes such as a moratorium on roads being built to improve people’s health and the environment.

    Perhaps if the Albanese government had leaned in to its own wellbeing framework to help navigate the cost-of-living crisis, people may have fared better.

    The agenda’s future?

    The Albanese government’s large majority gives it space to revitalise its wellbeing framework.

    Undertaking a national conversation, similar to the one rolled out in Wales, would help build grassroots support and ensure it truly “measures what matters” to people.

    A stronger Measuring What Matters would not only provide the electorate with a clear indication the government is listening, but would also help ensure policy improves people’s lives in a meaningful way.

    Kate Sollis is a consultant to the Wellbeing Government initiative at the Centre for Policy Development and President of the Bega Valley Data Collective. She was previously employed at the Australian Bureau of Statistics

    Paul Campbell is a research fellow, whose work is supported by the ANU-Australian Capital Territory (ACT) Government Wellbeing Framework research partnership. He was previously employed by the Australian Bureau of Statistics.

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

    ref. Whatever happened to the Albanese government’s wellbeing agenda? – https://theconversation.com/whatever-happened-to-the-albanese-governments-wellbeing-agenda-258580

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: ETH Regains Momentum as PFMCrypto Launches AI-Driven ETH Cloud Mining Contracts, Aiming for Stable Returns

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 26, 2025 (GLOBE NEWSWIRE) — As Ethereum (ETH) continues its steady upward trend, approaching the key $2,500 resistance level and targeting a potential breakout above $3,500, ETH holders are increasingly looking for platforms that offer both investment opportunities and consistent returns. Among them, PFMCrypto stands out. This AI-powered cloud mining platform has officially launched its ETH mining contracts, designed to provide ETH holders and crypto investors with reliable, low-barrier income opportunities. With ultra-low entry thresholds, AI-driven optimization, and full capital protection, users can now earn passive income without owning or managing mining hardware.

    Click here to explore PFMCrypto’s official website.

    What Is PFMCrypto ETH Cloud Mining?
    PFMCrypto Cloud Mining is a remote digital asset mining platform where users can rent eco-friendly, high-performance mining infrastructure and earn cryptocurrency rewards. The platform supports a diverse range of assets including XRP, DOGE, BTC, ETH, BCH, LTC, and SOL, eliminating the technical and financial barriers of traditional mining.

    With a 100% remote setup, users don’t need to purchase expensive mining machines or understand blockchain mechanics. Simply register, select a mining plan, and begin receiving daily rewards.

    Flexible ETH Mining Contracts Now Available on PFMCrypto
    Since the launch of its ETH mining contracts, PFMCrypto has seen contract purchases surge 295% week-over-week. The platform offers over 10 ETH contract options, allowing users to choose plans that suit their financial goals and budgets:

    • $100 ETH Plan – 2-Day Term – Earn $3.00 per day (plus a $2 bonus)
    • $1,000 ETH Plan – 9-Day Term – Earn $13.10 per day
    • $5,000 ETH Plan – 30-Day Term – Earn $78.50 per day
    • $10,000 ETH Plan – 40-Day Term – Earn $180.00 per day

    These figures are not speculative projections—they are based on real usage data from PFMCrypto’s 9.2 million global users, and are powered by high-performance cloud infrastructure and AI-backed profit optimization models.

    Click here to explore more ETH mining contracts.

    Why PFMCrypto ETH Mining Is Built for Everyone
    – No Hardware Required: Users rent computing power from PFMCrypto’s industrial-grade mining network—no setup or equipment needed.
    – Zero Maintenance Costs: All electricity, repair, and operational risks are fully covered by PFMCrypto.
    – Beginner Friendly: No technical knowledge required. Users simply register and choose a plan. New users receive a $10 welcome bonus instantly.
    – Daily Withdrawals & Capital Protection: Earnings can be withdrawn daily, and the original investment is fully refunded at the end of the contract, ensuring both income potential and safety.

    PFMCrypto: A Global Decentralized Mining Platform
    Founded in 2018, PFMCrypto has built a trusted cloud mining ecosystem with over 9.2 million active users across 192 countries and regions. The platform supports mining for leading cryptocurrencies including BTC, ETH, XRP, LTC, DOGE, and SOL, and is known for its scalability, transparency, and user-first approach.
    With the launch of ETH mining contracts, PFMCrypto empowers investors to benefit from Ethereum’s growth while generating stable and predictable income, regardless of short-term market fluctuations.

    How to Start ETH Cloud Mining with PFMCrypto
    1. Register: Create a free account and receive a $10 signup bonus plus daily login rewards.
    Click here to sign up now.
    2. Choose a Contract: Select from a wide range of ETH mining strategies based on your personal goals.
    3. Start Earning: Once your contract is activated, daily returns begin immediately—no manual oversight required.

    About PFMCrypto
    PFMCrypto is an AI-driven cloud mining platform where users can mine leading cryptocurrencies without hardware or technical complexity. Founded in 2018, the platform combines real-time optimization algorithms, capital protection, and a rapidly growing global user base to deliver one of the most efficient cloud mining models in the crypto space.

    With a focus on transparency, security, and long-term value, PFMCrypto is redefining how investors earn income in the Web3 era—making crypto mining accessible to everyone.

    Visit https://pfmcrypto.net to learn more and start mining ETH today.

    Media Contact:

    Amelia Elspeth
    PFMcrypto
    info@pfmcrypto.net

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ecae05a2-1af3-494f-88b8-5921e3f4cd0e

    The MIL Network

  • MIL-OSI: Diamondback Energy, Inc. Schedules Second Quarter 2025 Conference Call for August 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, June 26, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release second quarter 2025 financial results on August 4, 2025 after the market closes.

    In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2025 on Tuesday, August 5, 2025 at 8:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Diamondback’s website at www.diamondbackenergy.com under the “Investor Relations” section of the site.

    About Diamondback Energy, Inc.

    Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.                                                

    Investor Contact:
    Adam Lawlis
    +1 432.221.7467
    alawlis@diamondbackenergy.com

    The MIL Network

  • MIL-OSI: Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2025 Conference Call for August 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    MIDLAND, Texas, June 26, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release second quarter 2025 financial results on August 4, 2025 after the market closes.

    In connection with the earnings release, Viper will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2025 on Tuesday, August 5, 2025 at 10:00 a.m. CT. Access to the live webcast, and replay which will be available following the call, may be found here. The live webcast of the earnings conference call will also be available via Viper’s website at www.viperenergy.com under the “Investor Relations” section of the site.

    About Viper Energy, Inc.

    Viper is an oil and gas company formed by Diamondback to own, acquire and exploit oil and natural gas properties in North America, with a focus on oil-weighted basins, primarily the Permian Basin in West Texas. For more information, please visit www.viperenergy.com.

    About Diamondback Energy, Inc.

    Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.  For more information, please visit www.diamondbackenergy.com.

    Investor Contact:
    Chip Seale
    +1 432.247.6218
    cseale@viperenergy.com

    The MIL Network

  • MIL-OSI: Nasdaq to Hold Second Quarter 2025 Investor Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) has scheduled its second quarter 2025 financial results announcement.

      Who: Nasdaq’s CEO, CFO, and additional members of its senior management team
         
      What: Review Nasdaq’s second quarter 2025 financial results
         
      When: Thursday, July 24, 2025
        Results Call: 8:00 AM Eastern
         

    Senior management will be available for questions from the investment community following prepared remarks.

    All participants can access the conference via webcast through the Nasdaq Investor Relations website at http://ir.nasdaq.com/.

    Note: The press release and results presentation for the second quarter 2025 results will be posted on the Nasdaq Investor Relations website at http://ir.nasdaq.com/ on Thursday, July 24, 2025 at approximately 7:00 AM Eastern.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    Media Relations Contact:

    David Lurie
    +1.914.538.0533
    David.Lurie@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network

  • MIL-OSI: Alto Ingredients, Inc. Names Gilbert Nathan Chair, Dianne Nury Vice-Chair and Elects Two New Directors

    Source: GlobeNewswire (MIL-OSI)

    – Jeremy T. Bezdek is a seasoned expert in energy transition –

    – Alan R. Tank has played pivotal roles in advancing renewable energy, including decarbonization –

    PEKIN, Ill., June 26, 2025 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO), leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients, named Gilbert Nathan Chair and Dianne Nury Vice-Chair of the board of directors and announced that Alan R. Tank and Jeremy T. Bezdek were elected as directors at the Company’s annual meeting on June 25th.

    “I am honored to serve as Chairman and look forward to working with the Board and management as we progress on our strategic initiatives to increase shareholder value,” said Gilbert Nathan, Chair of Alto Ingredients. “We welcome our new board members and are excited to add their wealth of experience and expertise.”

    “We are thrilled to welcome distinguished industry leaders to our board of directors,” said Bryon McGregor, CEO of Alto Ingredients. “As an entrepreneur, investor, and strategic advisor, Alan has played pivotal roles in advancing renewable energy, including decarbonization. Jeremy’s expertise in capital raising, complex transactions, and operational excellence will be invaluable as Alto Ingredients continues to expand our market presence. Together with the board, their vision and experience will be instrumental as we accelerate our growth strategy and advance our commitment to sustainability and innovation.”

    Jeremy T. Bezdek is an accomplished senior executive with three decades of experience in leadership, business development, M&A, strategy execution, project development, investment origination, finance and commercial roles across the energy, renewables, and advanced manufacturing sectors. He has large company and startup experience and served on ten boards of directors, both public and private, since 2010. As president and founder of Ad Astra Advisors, Mr. Bezdek provides strategic advisory services, guiding companies through strategy, complex transactions, growth, fundraising, and organizational priorities. Mr. Bezdek spent 26 years with Koch Industries in a variety of finance and commercial leadership roles, including managing director of Koch Strategic Platforms, an investment arm of Koch Investment Group. In that role, he led investments in the energy transition vertical for Koch Strategic Platforms. He spent most of his career at a Koch subsidiary Flint Hills Resources where he directed multi-billion-dollar investments and transformative growth initiatives. Under his leadership, the team was very active in acquisitions, divestitures, and joint ventures, as well as making multiple investments in early-stage development companies related to refining, biofuels and chemicals industries.

    Mr. Bezdek has a B.S. in Business Administration, concentration in finance, from the University of Kansas.

    Alan R. Tank brings more than three decades of executive leadership and board experience across the agriculture, food, and renewable energy sectors. Since 2024, Mr. Tank has served as an advisor to Mercator Partners, an asset management platform that invests in decarbonization opportunities. Since 2022, he has served as an advisor to Eion Corp, a carbon capture and removal company. Since 2017, he has served as an executive advisor to Blue Sea Capital, a private equity firm focusing on the industrial growth, aerospace and healthcare sectors. Since 2015, he has co-owned and managed Tank Brothers Farm/Tank Customs, his family farm in eastern Iowa, as its managing member. Until 2016, Mr. Tank served as chief executive officer and managing partner of Revolution Energy Solutions, a company he co-founded in 2006 that developed, owned and operated renewable energy/waste-to-energy projects on agricultural platforms in the US. In 2001, Mr. Tank also founded AgCert International, a world leader in the production and sale of agriculturally derived greenhouse gas emission reductions used to satisfy the Kyoto Protocol and European Union Emission Trading Scheme requirements and served as its chief executive officer until 2005. He serves on the board to WestMET Group and Victory Hemp Foods.

    Mr. Tank holds a B.S. in Animal Science, from Iowa State University.

    About Alto Ingredients, Inc.
    Alto Ingredients, Inc. (NASDAQ: ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. Leveraging the unique qualities of its facilities, the company serves customers in a wide range of consumer and commercial products in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. For more information, please visit www.altoingredients.com

    Media and Company IR Contact:
    Michael Kramer, Alto Ingredients, Inc., 916-403-2755
    Investorrelations@altoingredients.com 

    IR Agency Contact:
    Kirsten Chapman, Alliance Advisors Investor Relations, 415-433-3777
    Investorrelations@altoingredients.com

    The MIL Network

  • MIL-OSI: Stifel Reports May 2025 Operating Data

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, June 26, 2025 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today reported selected operating results for May 31, 2025, in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed.

    Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “In May, recruiting and market appreciation drove a 3% increase in total client assets and a 4% increase in fee-based assets. Client money market and insured product levels decreased less than 1% during the month primarily due to lower Smart Rate balances as Sweep balances experienced a slight decline. Investment banking activity was negatively impacted by increased market volatility in April, but we have seen momentum increase and our pipelines build throughout the quarter as markets have stabilized. As a result, we anticipate investment banking revenue in the quarter to be down approximately 10% from the second quarter of 2024 but we remain cautiously optimistic for the full year 2025.”

    Selected Operating Data (Unaudited)
      As of   % Change
    (millions) 5/31/2025 5/31/2024 4/30/2025   5/31/2024 4/30/2025
    Total client assets $501,357 $465,959 $485,551   8% 3%
    Fee-based client assets $199,078 $176,461 $190,545   13% 4%
    Private Client Group fee-based client assets $173,557 $154,544 $166,029   12% 5%
    Bank loans, net (includes loans held for sale) $21,204 $19,822 $21,536   7% (2)%
    Client money market and insured product (1) $25,827 $26,230 $26,073   (2)% (1)%

    (1) Includes Sweep deposits, Smart Rate deposits, Third-party Bank Sweep Program, and Other Sweep cash.

    Company Information

    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A., and Stifel Trust Company Delaware, N.A., offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit www.stifel.com/investor-relations/press-releases.

    Media Contact: Neil Shapiro (212) 271-3447 | Investor Contact: Joel Jeffrey (212) 271- 3610 | www.stifel.com/investor-relations

    The MIL Network

  • MIL-OSI: FlexShopper Granted 180-Day Extension

    Source: GlobeNewswire (MIL-OSI)

    BOCA RATON, Fla., June 26, 2025 (GLOBE NEWSWIRE) — FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper”), a leading provider of lease-to-own (LTO) payment solutions, today announced that on June 18, 2025, it received notification from The Nasdaq Stock Market LLC (“Nasdaq”) that Nasdaq approved the Company’s request for a 180-calendar day extension (the “Extension”) to regain compliance with Listing Rule 5250(c)(1) (the “Rule”). The Rule requires timely filing of all required periodic financial reports with the U.S. Securities and Exchange Commission.

    The Extension was granted following Nasdaq’s review of materials submitted by the Company on June 16, 2025. Based on this review, the Nasdaq Staff determined to provide an exception, allowing FlexShopper additional time to achieve compliance with the Rule.

    FlexShopper is working with its independent auditor and external advisors to complete its annual audit for the fiscal year ended December 31, 2024. The Company expects to provide an update on the status of its delayed 2024 financial filings in the near term.  

    During the New Compliance Period, FlexShopper’s common shares will continue to trade on the Nasdaq Stock Market. If at any time before October 13, 2025, the Company files its Form 10-K for the period ended December 31, 2024 and its Form 10-Q for the period ended March 31, 2025, it is expected that Nasdaq would notify the Company that it has regained compliance with the Listing Rule 5250(c)(1). In the event the Company does not file its Form 10-K for the period ended December 31, 2024 and its Form 10-Q for the period ended March 31, 2025 by October 13, 2025, the Company may be subject to delisting of the common shares from the Nasdaq, at which time the Company may request a review of the delisting determination by a Nasdaq Hearings Panel.

    About FlexShopper

    FlexShopper, Inc. is a leading national financial technology company that offers innovative payment options to consumers. FlexShopper provides a variety of flexible funding options for underserved consumers through its direct-to-consumer online marketplace at Flexshopper.com and in partnership with merchants both online and at brick-and-mortar locations. FlexShopper’s solutions are crafted to meet the needs of a wide range of consumer segments through lease-to-own and lending products.

    Forward-Looking Statements

    All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate,” or other comparable terms. Examples of forward-looking statements include, among others, statements we make regarding expectations of the annual audit and filing of the Company’s 10-K and 10-Q, the continued listing on the Nasdaq Stock Market, and expectations concerning our business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including, among others, the following: our ability to obtain adequate financing to fund our business operations in the future; the failure to successfully manage and grow our FlexShopper.com e-commerce platform; our ability to maintain compliance with financial covenants under our credit agreement; our dependence on the success of our third-party retail partners and our continued relationships with them; our compliance with various federal, state and local laws and regulations, including those related to consumer protection; the failure to protect the integrity and security of customer and employee information; and the other risks and uncertainties described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q. The forward-looking statements made in this release speak only as of the date of this release, and FlexShopper assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

    Company Contact:
    FlexShopper, Inc.
    Investor Relations
    ir@flexshopper.com

    Investor and Media Contact:
    Andrew Berger
    Managing Director
    SM Berger & Company, Inc.
    Tel (216) 464-6400
    andrew@smberger.com

    The MIL Network

  • MIL-OSI: Trupanion to Host 2025 Annual Investor Day on September 17

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, June 26, 2025 (GLOBE NEWSWIRE) — Trupanion, Inc. (Nasdaq: TRUP), a leader in medical insurance for cats and dogs, will host its Annual Investor Day on Wednesday, September 17, 2025. This annual event is designed to be the best opportunity for Trupanion shareholders and guests to understand Trupanion’s achievements and challenges over the past year and its strategic vision going forward.

    Management remarks are expected to commence shortly after 9:00 am Pacific Time. The event will feature presentations and extensive Q&A with the teams responsible for leading the execution of the Company’s strategic growth plan.

    Registration can be found here or on the events portion of Trupanion’s investor relations website found here.

    About Trupanion

    Trupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada, and certain countries in Continental Europe with over 1,000,000 pets currently enrolled. For over two decades, Trupanion has given pet owners peace of mind so they can focus on their pet’s recovery, not financial stress. Trupanion is committed to providing pet parents with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is listed on NASDAQ under the symbol “TRUP”. The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly owned insurance entity American Pet Insurance Company and, in Canada, by Accelerant Insurance Company of Canada or GPIC Insurance Company. Policies are sold and administered in Canada by Canada Pet Health Insurance Services, Inc. dba Trupanion 309-1277 Lynn Valley Road, North Vancouver, BC V7J 0A2 and in the United States by Trupanion Managers USA, Inc. (CA license No. 0G22803, NPN 9588590). Canada Pet Health Insurance Services, Inc. is a registered damage insurance agency and claims adjuster in Quebec #603927. For more information, please visit trupanion.com.

    Contacts

    Laura Bainbridge, Senior Vice President, Corporate Communications
    Gil Melchior, Director, Investor Relations
    Investor.Relations@trupanion.com

    The MIL Network

  • MIL-Evening Report: Streaming giants have helped bring Korean dramas to the world – but much is lost in translation

    Source: The Conversation (Au and NZ) – By Sung-Ae Lee, Lecturer, Macquarie University

    In less than a decade, Korean TV dramas (K-dramas) have transmuted from a regional industry to a global phenomenon – partly a consequence of the rise of streaming giants.

    But foreign audiences may not realise the K-dramas they’ve seen on Netflix don’t accurately represent the broader Korean TV landscape, which is much wider and richer than these select offerings.

    At the same time, there are many challenges in bringing this wide array of content to the rest of the world.

    The rise of hallyu

    Korean media was transformed during the 1990s. The end of military dictatorship led to the gradual relaxation of censorship.

    Satellite media also allowed the export of K-dramas and films to the rest of East Asia, and parts of Southeast Asia. Some of the first K-dramas to become popular overseas included What Is Love (1991–92) and Star in My Heart (1997). They initiated what would later become known as the Korean wave, or hallyu.

    The hallyu expansion continued with Winter Sonata (2003), which attracted viewers in Japan, Malaysia and Indonesia. Dae Jang Geum/Jewel in the Palace (2005) resonated strongly in Chinese-speaking regions, and was ultimately exported to more than 80 countries.

    A breakthrough occurred in 2016. Netflix entered South Korea and began investing in Korean productions, beginning with Kingdom (2019–21) and Love Alarm (2019–21).

    In 2021, the global hit Squid Game was released simultaneously in 190 countries.

    But Netflix only scratches the surface

    Last year, only 20% of new K-drama releases were available on Western streaming platforms. This means global discussions about K-dramas are based on a limited subgroup of content promoted to viewers outside South Korea.

    Moreover, foreign viewers will generally evaluate this content based on Western conceptions of culture and narrative. They may, for instance, have Western preferences for genre and themes, or may disregard locally-specific contexts.

    This is partly why Korean and foreign audiences can end up with very different ideas of what “Korean” television is.

    Genres

    When a K-drama is classified as a sageuk (historical drama) but also incorporates elements of fantasy, mythology, romance, melodrama, crime fiction and/or comedy, foreign audiences may dismiss it as “genre-confused”. Or, they may praise it for its “genre-blending”.

    But the drama may not have been created with much attention to genre at all. The highly inventive world-building of pre-Netflix dramas such as Arang and the Magistrate (2012) and Guardian: The Lonely and Great God (2016) prominently feature all the aforementioned genres.

    While foreign viewers may think visual media begins with readily identifiable genres, many K-dramas aren’t produced on this premise.

    Themes

    Western viewers (and other viewers watching through a Western lens) might assume “liberal” themes such as systemic injustice, women’s rights and collusion in politics entered K-dramas as a result of Western influence. But this is a misconception.

    The emergence of such themes can be attributed to various changes in Korean society, including the easing of censorship, rapid modernisation, and the imposition of neoliberal economics by the International Monetary Fund in 1997.

    Although gender disparities still exist in South Korea, economic uncertainty and modernisation have prompted a deconstruction of patriarchal value systems. Female-centred K-dramas have been around since at least the mid-2000s, with women’s independence as a recurring theme in more recent dramas.

    Local contexts

    A major barrier to exporting K-dramas is the cultural specificity of certain elements, such as Confucian values, hierarchical family dynamics, gender codes, and Korean speech codes.

    The global success of a K-drama comes down to how well its culturally-specific elements can be adapted for different contexts and audiences.

    In some cases, these elements may be minimised, or entirely missed, by foreign viewers.

    For example, in Squid Game, the words spoken by the killer doll in the first game are subtitled as “green light, red light”. What the doll actually says is “mugunghwa-kkochi pieot-seumnida”, which is also what the game is called in Korean.

    This translates to “the mugunghwa (Rose of Saron) has bloomed”, with mugunghwa being South Korea’s national flower.

    These words, in this context, are meant to ironically redefine South Korea as a site of hopelessness and death. But the subtitles erase this double meaning.

    It’s also difficult for subtitles to reflect nuanced Korean honorific systems of address. As such, foreign viewers remain largely oblivious to the subtle power dynamics at play between characters.

    All of this leads to a kind of cultural “flattening”, shifting foreign viewers’ focus to so-called universal themes.

    A case study for global success

    Nevertheless, foreign viewers can still engage with many culturally-specific elements in K-dramas, which can also serve as cultural literacy.

    The hugely successful series Extraordinary Attorney Woo (2022) explores the personal and professional challenges faced by an autistic lawyer.

    Director Yoo In-sik described the series as distinctly Korean in both its humour and the legal system it portrays, and said he didn’t anticipate its widespread popularity.

    Following success in South Korea, the series was acquired by Netflix and quickly entered the top 10 most popular non-English language shows.

    The global appeal can be attributed to its sensitive portrayal of the protagonist, the problem-solving theme across episodes, and what Yoo describes as a kind and considerate tone. Viewers who resonate with these qualities may not even need to engage with the Korean elements.

    Many K-dramas that achieve global success also feature elements typically considered “Western”, such as zombies.

    While the overall number of zombie-themed productions is low, series and films such as Kingdom (2019–21), All of Us Are Dead (2022), Alive (2020) and Train to Busan (2016) have helped put Korean content on the map.

    One potential effect of the zombie popularity may be the displacement of Korean mythological characters, such as fox spirits, or gumiho, which have traditionally held significant narrative space.

    Shin Min-ah and Lee Seung-gi star in the acclaimed romantic comedy series My Girlfriend is a Gumiho (2010).
    IMDB

    Local production under threat

    The influence of streaming giants such as Netflix is impacting South Korea’s local production systems.

    One consequence has been a substantial increase in production costs, which local companies can’t compete with.

    The early vision of low-cost, high-return projects such as Squid Game is rapidly diminishing.

    Meanwhile, Netflix is exploring other locations, such as Japan, where dramas can be produced for about half the price of those in Korea. If this continues, the rise of Korean content may slow down.

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

    ref. Streaming giants have helped bring Korean dramas to the world – but much is lost in translation – https://theconversation.com/streaming-giants-have-helped-bring-korean-dramas-to-the-world-but-much-is-lost-in-translation-257547

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: FHLBank San Francisco Invests $52.6 Million to Preserve Affordable Housing in San Francisco

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, June 26, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today announced a $52.6 million investment in a Fannie Mae bond issuance that will support the continuing affordability of 230 housing units for very low-income residents living near Fisherman’s Wharf in San Francisco.

    “With the authority FHLBanks have to make prudent investments in mission-consistent securities, we are proud to be able to support the affordability of these local and much-needed housing units,” said Joe Amato, interim president and CEO of FHLBank San Francisco. “This investment aligns with our mission to be a reliable supplier of low-cost liquidity to our member financial institutions and deliver resources that supports affordable housing and community investment in our region. Consistent with our obligation to our mission, we will continue to seek opportunities to invest in the creation, development, and purchase of affordable housing in the communities our members serve.”

    According to the National Low Income Housing Coalition, there is a deficit of nearly 170,000 affordable rental homes available for households earning 50% or below the area median income in the San Francisco metro area. Housing experts emphasize that investments like this are essential to meeting the regions urgent housing needs.

    “Preserving existing affordable housing has to be a critical component of any strategy to address the Bay Area’s current housing crisis,” said Ben Metcalf, managing director at UC Berkeley’s Terner Center for Housing Innovation. “However, the scale of the problem is such that we simply can’t get there unless institutional capital providers step up to the plate in a big way. That’s why FHLBank San Francisco’s bond purchase in San Francisco is so significant.”

    FHLBank San Francisco’s $52.6 million investment to maintain affordability of the homes in the Wharf Plaza I and II buildings near Fisherman’s Wharf in San Francisco follows a $10 million investment in Nevada Housing Division Mortgage Revenue Bonds earlier this year to support low- and moderate-income first-time homebuyer downpayment assistance programs.

    FHLBank San Francisco partners with its member financial institutions to support affordable housing initiatives throughout its three-state region of Arizona, California, Nevada, and other areas where its members do business. Since 1990, FHLBank San Francisco has provided affordable housing and downpayment assistance grants to support the construction, rehabilitation, or purchase of over 155,000 homes affordable to lower-income households. Together, the 11 regional FHLBanks that make up the Federal Home Loan Bank System are one of the largest privately capitalized sources of grant funding for affordable housing in the United States.

    About Federal Home Loan Bank of San Francisco

    The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions — propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient.

    Contact:

    Tom Flannigan

    tom.flannigan@fhlbsf.com

    The MIL Network

  • MIL-OSI USA: SBA Relief Still Available to Massachusetts Small Businesses and Private Nonprofits Affected by Lynnfield Strip Mall Fire

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Massachusetts of the July 28, 2025, deadline to apply for low interest federal disaster loans to offset economic losses caused by the Lynnfield strip mall fire occurring on  Sept. 10, 2024.

    The disaster declaration covers the Massachusetts counties of Essex, Middlesex and Suffolk as well as the New Hampshire counties of Hillsborough and Rockingham.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives 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 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.

    “SBA loans help eligible small businesses and PNPs cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners and PNPs get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    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.

    The deadline to return economic injury applications is 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 Massachusetts Small Businesses and Private Nonprofits Affected by Lynnfield Strip Mall Fire

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Massachusetts of the July 28, 2025, deadline to apply for low interest federal disaster loans to offset economic losses caused by the Lynnfield strip mall fire occurring on  Sept. 10, 2024.

    The disaster declaration covers the Massachusetts counties of Essex, Middlesex and Suffolk as well as the New Hampshire counties of Hillsborough and Rockingham.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives 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 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.

    “SBA loans help eligible small businesses and PNPs cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners and PNPs get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    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.

    The deadline to return economic injury applications is 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: A foundation for the future: state breaks ground on affordable housing site in Stockton

    Source: US State of California Governor

    Jun 26, 2025

    What you need to know: La Passeggiata on Lindsey Street in Stockton is the latest site to be transformed from excess, underutilized state land into affordable housing under Governor Newsom’s executive order.

    STOCKTON — Today, state leaders broke ground on a new affordable housing community in downtown Stockton. Through an executive order signed by Governor Gavin Newsom, the former state-owned site will be turned into 94 homes for low-income households.

    “Once again, the Excess Sites program is helping transform state-owned land into something more: hope and stability for our state’s residents. California continues to lead by example in addressing the nation’s affordable housing crisis.”

    Governor Gavin Newsom

    The Excess Sites program is administered in partnership by the California Department of General Services (DGS) and the California Department of Housing and Community Development (HCD). The program identifies state-owned land available and suitable for housing and creates a digital inventory of those properties through the State Excess Sites – Affordable Housing Opportunities Map Viewer. The sites are awarded to developers via a long-term ground lease allowing for low-cost development of affordable housing. This community is being developed by Visionary Home Builders of California.

    “The State’s Excess Sites program continues to transform neighborhoods across California by turning underutilized state property into affordable housing and revitalizing communities,” Business, Consumer Services and Housing Agency Secretary Tomiquia Moss said. “This energy-efficient project will reduce the community’s carbon footprint and breathe new life into Downtown Stockton with housing and services for families and seniors.”

    “Having grown up in Stockton, I am honored to be a part of this transformation to provide safe and stable housing for members of the community who need it most,” said Government Operations Secretary Nick Maduros. “This marks another step on California’s journey toward addressing housing needs while staying committed to our sustainability goals.”  
     

    Project details

    The plans for La Passeggiata at 622 East Lindsey Street in Stockton include two buildings, five and six stories high, connected by a breezeway. The five-story building will have 39 one- and two-bedroom apartments, and the six-story building will have 55 two- and three-bedroom apartments. The units will have energy-efficient appliances, rooftop gardens, and will utilize solar energy for seniors and families.

    “The modern, energy-efficient units at La Passeggiata will provide homes for dozens of local families who need an affordable place to live,” DGS Director Ana M. Lasso said. “This project harnesses the best of state, local and nonprofit collaboration to deliver much needed sustainable, affordable housing across the state.”

    “Thanks to the Governor’s executive order, nearly an acre of land sitting unused in the heart of Stockton—blocks from the Civic Center and waterfront—will be transformed into critically needed affordable housing,” HCD Director Gustavo Velasquez said. “Through this ongoing partnership, we are connecting residents in need of housing stability to jobs, transit, amenities, and opportunity.”

    From state land to affordable housing

    In 2019, Governor Gavin Newsom issued an Executive Order N-06-19, tasking HCD and DGS with tackling the state’s affordable housing crisis by identifying underutilized state-owned land that could be converted into affordable housing, considering factors such as proximity to job centers, amenities, and public transit. The order has since been utilized to create hundreds of affordable homes on nearly 50 state-owned sites, including:

    • 248 new homes at Sugar Pine Village for families and workers in the Tahoe region
    • 58 new homes for seniors under construction with an additional 150 new homes  starting construction within the year at Mulberry Gardens Senior Apartments in Riverside
    • 75 new homes at 750 Golden Gate Avenue with an additional 92 new homes at 850 Turk Street in San Francisco
    • 58 new homes at Sonrisa in Sacramento

    Recent news

    News What you need to know: There are many disingenuous claims swirling about California gas prices “set to soar” – the truth is that gas prices won’t come anywhere close to increasing by 65 cents, as many would have you believe.   SACRAMENTO – California gas prices…

    News What you need to know: Governor Newsom announced $135 million is available for wildfire prevention grants – protecting communities from catastrophic wildfire at the same time as President Trump adds new strain to firefighting resources. SACRAMENTO – As President…

    News What you need to know: As part of California Jobs First, the state is awarding $15 million through the Regional Investment Initiative to support California Native American tribal partners in creating jobs and developing high-paying and fulfilling careers….

    MIL OSI USA News

  • MIL-OSI Russia: Exclusive: High-quality development has become a common value uniting Central Asian countries and China – Uzbek expert

    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

    Tashkent, June 26 (Xinhua) — The key driving force behind the continuous deepening of cooperation between Central Asian countries and China is the shared focus on high-quality development as the main goal, Davron Toshpulatov, senior risk manager at Uzbekistan Mortgage Refinancing Company and Doctor of Economics, said in an interview with Xinhua.

    According to him, from the point of view of the states of the region, including Uzbekistan, such a format of interaction not only corresponds to the tasks of modernization and structural reforms, but also opens the way to sustainable development. The expert emphasized that high-quality development has become a common value uniting the countries of Central Asia and China.

    “Currently, Uzbekistan is going through an important stage of deep economic transformation, improving the business climate and modernizing the manufacturing sector,” noted D. Toshpulatov. In his opinion, the Chinese experience, especially in such areas as infrastructure development, poverty alleviation, green transition and innovation, serves as a practical guide for Uzbekistan. “It is especially valuable that the Chinese side shares its knowledge and technologies with us on the basis of openness and equal partnership,” he added.

    D. Toshpulatov pointed out that cooperation covers a wide range of areas – from the construction of transport hubs and industrial parks to green energy and the digital economy. He cited such illustrative examples as Uzbek-Chinese industrial cooperation projects, the China-Kyrgyzstan-Uzbekistan railway project, as well as initiatives in the field of electric vehicles and renewable energy. “We receive not just technologies, but also an impetus for the modernization of local industries, the transition to a sustainable, innovative and inclusive economy,” the Xinhua interlocutor emphasized.

    As the expert noted, it is equally important that China consistently promotes the concept of human-centered development. “This fully coincides with Uzbekistan’s goals in such areas as human capital development, professional education, healthcare and social stability,” he said. D. Toshpulatov cited the opening of the Lu Ban Workshops and cooperation in youth training as examples. According to him, these are practical steps that actually improve people’s living standards and strengthen the social base of modernization.

    “Looking to the future with optimism, I am convinced that under the banner of high-quality development, Uzbekistan and China will continue to deepen their pragmatic partnership, jointly forming a green, intelligent, efficient and inclusive regional community,” the expert concluded. Such joint modernization, he added, is based on mutual understanding and mutual benefit, and this is the path that meets the strategic interests of Uzbekistan. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China Agricultural Development Bank has issued loans totaling 2.7 trillion yuan for Yangtze and Yellow River conservation since 2021

    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

    BEIJING, June 26 (Xinhua) — The China Agricultural Development Bank said Thursday it has issued loans totaling about 2.7 trillion yuan (about 377 billion U.S. dollars) since 2021 to preserve the ecosystems of the Yangtze and Yellow Rivers.

    In particular, the bank allocated 2.09 trillion yuan to protect the Yangtze River and 605.2 billion yuan to protect the ecosystem of the Yellow River basin. According to the bank, these loans have significantly supported efforts to preserve the ecosystems of China’s two main rivers.

    The financial institution assured that it would expand its lending support for the protection of the two rivers, focusing on key areas such as water security, transport infrastructure, rural upliftment and food security.

    The Yangtze and Yellow Rivers, known as the “mother rivers” of China, are the first and second longest rivers in the country, respectively. The two river basins are considered the cradle of Chinese civilization. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: Microfinance Market: Slight Cooling in Q1

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The microfinance organization (MFO) market has shown signs of a cooling in lending. Increased interest rates and the effect of macroprudential limits contribute to a balanced growth of the companies’ portfolio.

    In the first quarter of 2025, the volume of loans issued by microfinance organizations decreased slightly and amounted to 497 billion rubles. The total debt for the quarter increased by 10% – to 688 billion rubles. The share of overdue debt for more than 90 days continues to decrease, while there is an increase in overdue debt of less than 3 months.

    MFI profits have decreased to 13 billion rubles. To maintain profitability, companies are increasing income from non-core activities, while clients are increasingly less likely to complain about the imposition of additional services by MFIs.

    Read more in“Review of key indicators of microfinance institutions” for the first quarter of 2025.

    Preview photo: Donat Sorokin / TASS

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24737

    MIL OSI Russia News

  • MIL-OSI Russia: Dmitry Chernyshenko: The best practices of the regions in sports development will be scaled up to the whole country

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Dmitry Chernyshenko held a meeting of the Government Commission for the implementation of the comprehensive state program of the Russian Federation “Development of physical culture and sports”.

    The meeting was attended by the Minister of Sports Mikhail Degtyarev, the head of the Federal Medical and Biological Agency Veronika Skvortsova, the Governor of the Tula Region, Chairman of the State Council Commission on Physical Culture and Sports Dmitry Milyaev, as well as representatives of sports federations and leagues, state corporations, joint-stock companies and regions.

    Dmitry Chernyshenko recalled that the key task of the commission is to develop a unified position on the comprehensive development of sports in the country and to pool resources to achieve national goals. To do this, it is important to collect feedback from residents of each region.

    “Our task is to identify the drivers that influence the involvement and development of sports in the country. The opinion of Russian citizens is the main indicator in the development of sports in the country. It is important to hear everyone: coaches, mentors, medical workers. This will allow us to make a deeper, more meaningful analysis and understand how to more accurately and effectively move towards fulfilling the instructions of President Vladimir Putin,” the Deputy Prime Minister emphasized.

    Dmitry Chernyshenko noted that in order to achieve the state program indicators, it is necessary to assess the contribution of each region to the development of sports, identify best practices and disseminate them throughout the country.

    He instructed the Ministry of Sports to develop a rating system based on the fulfillment of the state program’s target indicators, including compliance with the construction deadlines for sports facilities, the involvement of SVO veterans, disabled people, people with disabilities, and all citizens in general in sports.

    In addition, on the instructions of the head of state, the Government is developing directives for joint-stock companies with a Russian Federation shareholding of more than 50% on the regular submission of information on extra-budgetary expenditures in the field of sports and the coordination of regions in the construction of sports infrastructure.

    Dmitry Chernyshenko also noted the regions where good results are achieved with lower financial costs; there, the share of citizens involved in systematic sports activities is higher than the all-Russian indicator.

    These included: the Kabardino-Balkarian Republic, the Karachay-Cherkess Republic, the Republic of Bashkortostan, the Republic of Dagestan, the Republic of Crimea, the Chuvash Republic, Altai Krai, Stavropol Krai, Kirov, Kostroma, Kurgan, Saratov, Tambov, Tula, and Ulyanovsk regions.

    In turn, Sports Minister Mikhail Degtyarev emphasized that the implementation of the comprehensive state program “Sports of Russia” is proceeding in full compliance with the approved parameters.

    “The implementation of the state program is going according to plan, without critical deviations. Based on the results of last year, all but one of the key indicators were exceeded, which allows us to predict their successful implementation this year,” he noted.

    The Minister reported up-to-date data on key indicators of the development of the sports industry.

    “As of May 2025, the share of citizens systematically engaged in physical education and sports amounted to 60.8%, the level of provision of citizens with sports facilities was 63.3%,” the minister cited the figures.

    Mikhail Degtyarev paid special attention to issues of regional financing and planned budget indicators.

    “In 60 regions, budget expenditures on sports reached or exceeded 2%. The planned funding of regional state programs for 2025 is 449 billion rubles. The main expenses are related to the construction and maintenance of sports facilities, as well as sports training within the framework of state assignments,” he emphasized.

    At the same time, the minister noted that the high volume of investment in the industry does not always directly correlate with the achievement of planned indicators for the availability of sports infrastructure and citizens’ satisfaction with opportunities for sports.

    “However, it is important to understand that there is no direct correlation between the volume of expenditure on sports and the achievement of indicators for citizen engagement and satisfaction. In 15 regions, which do not yet reach the level of 2% of the budget, everything is still going well with the development of sports, but in 19, where, on the contrary, there is a good level of funding, the KPIs have not been achieved. This is a subject for study,” he said.

    An important topic of discussion was the use of extra-budgetary sources. The Minister spoke about the volumes of additional funds planned for attraction.

    “We have analyzed the main sources of extra-budgetary financing of sports. Events worth a total of 60 billion are potentially ready for inclusion in the comprehensive state program “Sports of Russia”. In particular, 89 all-Russian sports federations plan to spend almost 24 billion rubles of their own and attracted funds this year, sports leagues – 1 billion rubles, expenses have been allocated for two of the seven state corporations, as well as for several of the largest private companies, but this information is still being supplemented,” said Mikhail Degtyarev.

    In turn, the Governor of the Tula Region, Chairman of the State Council Commission on Physical Culture and Sports Dmitry Milyaev emphasized that the level of satisfaction of citizens with the conditions for physical culture and sports is one of the key indicators for assessing the effectiveness of the activities of senior officials of the constituent entities of the Russian Federation and executive bodies of state power in the regions, as well as the comprehensive state program. The State Council Commission on Sports believes that it is necessary to conduct surveys with an expanded set of questions within the framework of the comprehensive program.

    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 USA: Canadian National Extradited for Mailing Fraudulent Prize Notices

    Source: US State of California

    WASHINGTON — A Canadian national accused of operating fraudulent prize notice schemes was extradited to the United States and made his initial appearance in Las Vegas federal court on June 18, the Department of Justice and U.S. Postal Inspection Service announced today.

    Patrick Fraser, 44, of Alberta, Canada, will face federal charges of conspiracy and mail fraud. Fraser was arrested on June 15, 2023, by Canadian authorities pursuant to a U.S. extradition request and was surrendered to the United States this month. A detention hearing was held on June 23, and Fraser was ordered detained pending trial.

    According to the indictment, the defendant conspired with others to operate fraud schemes through which he mailed fraudulent prize notifications to individuals in the United States and in other countries. The prize notifications falsely represented that the victims had been specifically chosen to receive a large cash prize, typically over $1 million, and would receive the prize upon payment of a small free. Many of the victims were elderly and vulnerable.

    “The Justice Department is committed to prosecuting and pursuing those who perpetrate fraud schemes targeting America’s seniors,” said Assistant Attorney General Brett Shumate of the Justice Department’s Civil Division. “I thank Canada for assisting in extraditing this individual to face charges here in the United States. The Justice Department and U.S. law enforcement partners will continue to work closely with law enforcement partners across the globe to bring to justice criminals who attempt to defraud U.S. victims from outside the United States.”

    “The U.S. Attorney’s Office will continue to work with the Consumer Protection Branch and our law enforcement partners in the United States and the world to identify and pursue transnational criminals who prey on older Americans,” said U.S. Attorney Sigal Chattah for the District of Nevada. “Through our Elder Justice Initiative, Assistant U.S. Attorneys and professional staff are combating elder financial exploitation and fraud. This extradition is another example of the outstanding collaboration between federal law enforcement and international partners.”

    “Postal inspectors protect the vulnerable. If you use fake prize offers to scam others, we’ll find you—and you will be held accountable,” said U.S. Postal Inspector in Charge Eric Shen.

    Fraser is charged in a nine-count indictment filed in the U.S. District Court for the District of Las Vegas. If convicted, Fraser faces a maximum penalty of 20 years in prison per count. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    All defendants are presumed innocent until proven guilty beyond a reasonable doubt.

    Senior Trial Attorney Ann Entwistle and Trial Attorney Charles B. Dunn of the Justice Department’s Consumer Protection Branch and Assistant U.S. Attorney Richard Anthony Lopez for the District of Nevada are prosecuting the case. USPIS investigated the case. The Justice Department is grateful to the Vancouver Police Department, who provided assistance through official requests. The Office of International Affairs of the Justice Department’s Criminal Division accomplished the extradition of Fraser from Canada.

    The Justice Department continues to investigate and bring charges in other similar matters. If you or someone you know is age 60 or older and has experienced financial fraud, experienced professionals are standing by at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This Justice Department hotline, managed by the Office for Victims of Crime, can provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Case managers will identify appropriate reporting agencies, provide information to callers to assist them in reporting, connect callers directly with appropriate agencies, and provide resources and referrals, on a case-by-case basis. Reporting is the first step. Reporting can help authorities identify those who commit fraud and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. The hotline is open Monday through Friday from 10:00 a.m. to 6:00 p.m. ET. English, Spanish, and other languages are available.

    More information about the department’s efforts to help American seniors is available at its Elder Justice Initiative webpage. For more information about the Consumer Protection Branch and its enforcement efforts, visit www.justice.gov/civil/consumer-protection-branch. Consumer complaints may be filed with the FTC at www.reportfraud.ftc.gov/ or at 877-FTC-HELP. The Justice Department provides a variety of resources relating to elder fraud victimization through its Office for Victims of Crime, which can be reached at www.ovc.gov.

    For more information about the Consumer Protection Branch and its fraud enforcement efforts, visit www.justice.gov/civil/consumer-protection-branch. 

    MIL OSI USA News

  • MIL-OSI: Marksmen Energy Inc. Announces Filing of its Q1 Interim Financial Statements

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, ALBERTA, June 26, 2025 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company“) is providing this announcement further to its news releases dated May 15 and 29, June 12 and 16, 2025, with respect to the Alberta Securities Commission (“ASC“) having issued a management cease trade order (“MCTO“) to Marksmen pursuant to its application under National Policy 12-203 Management Cease Trade Orders (“NP 12-203“) in respect of the default regarding the delay of the filing of its annual financial statements, accompanying management’s discussion and analysis and related chief executive officer (“CEO“) and chief financial officer (“CFO“) certifications for the financial year ended December 31, 2024 (collectively, the “Annual Filings“).

    As a result of the delay in filing the Annual Filings, the Company’s interim financial statements for the three months ended March 31, 2025, the accompanying management discussion and analysis and related CEO and CFO certifications (collectively, the “Q1 Filings“) were not filed by the prescribed deadline of May 30, 2025.

    Marksmen filed its Annual Filings on June 16, 2025, enabling it to proceed with preparing its Q1 Filings, which Marksmen is pleased to confirm the Company has now filed.

    Pursuant to the completion of the Annual Filings and Q1 Filings, the Company expects that the MCTO granted by the ASC will be revoked and that the CEO and the CFO will be permitted to trade securities of the Company in two full business days. The MCTO does not affect the ability of persons other than the CEO and the CFO of the Company to trade in the Company’s securities.

    The Company confirms that, other than as disclosed in its news release dated May 15 and 29, June 12 and 16, 2025, or as set out herein, there is no other material information concerning the affairs of the Company that has not been generally disclosed.

    The Company wants to thank all of those who worked diligently in assisting with the finalization of the Annual Filings and Q1 Filings.

    For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at (403) 265-7270 or e-mail ajnesbitt@marksmenenergy.com.

    Forward Looking Information and Risk Factors

    This news release contains statements and information that may constitute “forward-looking information” within the meaning of applicable securities legislation, including statements identified by the use of words such as “will”, “expects”, “positions”, “believe”, “potential” and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts.

    Such forward-looking information is not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information contained herein may include, but is not limited to, information concerning the anticipated revocation of the MCTO.

    By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. Risks include, but are not limited to, the possibility that the Company’s MCTO is revoked later than anticipated, which could result in trading of the Company’s securities being halted by the TSX Venture Exchange and/or temporarily cease-traded by the Canadian securities commissions.

    Additional information regarding risks and uncertainties of the Company’s business are contained under the heading “Reporting Entity” and “Going Concern” in the Company’s Consolidated Financial Statements for the three months ended March 31, 2025, and the Company’s other public filings which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

    In connection with the forward-looking information contained in this news release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information contained in this news release are made as of the date of this news release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.

    The MIL Network

  • MIL-OSI: Okalio Mining Celebrates 8 Years of Trusted Cloud Mining with $10 Welcome Bonus

    Source: GlobeNewswire (MIL-OSI)

    london, UK, June 26, 2025 (GLOBE NEWSWIRE) —

    In response to growing global interest in passive income through cryptocurrencies, Okalio Mining announces the continuation of its mission to provide low-barrier, high-return cloud mining services to users worldwide. With over eight years of professional operation since its establishment in 2017, the platform has emerged as a trusted name in the cloud mining industry—backed by a strong technical foundation, compliance-driven operations, and real, user-visible daily income.

    A Platform Proven by Time: 8 Years of Consistent Growth

    Founded in 2017, Okalio Mining has maintained a clear focus on delivering a low-risk, high-efficiency cloud mining environment. Unlike short-lived marketing projects, Okalio Mining is anchored in self-owned mining resources, an intelligent power scheduling system, and a mature user management model.

    The platform currently operates multiple data centers across North America, Iceland, Kazakhstan, and more—leveraging high-performance ASIC machines and clean energy solutions. The system dynamically adjusts for changes in market difficulty and electricity costs, ensuring stable and sustainable daily returns.

    Zero-Threshold Start: Register and Receive $10 Mining Power

    To empower first-time users, Okalio Mining offers a $10 credit for computing power upon registration. This allows users to experience real mining operations without needing an initial deposit. Daily income begins within 24 hours of registration.

    This user-first approach not only reduces the cost of entry but also reflects the platform’s confidence in its mining technology and revenue model. It provides new users with early assurance and familiarity, enabling them to plan further investments with clarity and confidence.

    Compliant Operations and Bank-Level Security Measures

    Okalio Mining places a premium on legal compliance and user fund protection. The company maintains transparent corporate registration in multiple jurisdictions, ensuring all activities are conducted under a legal framework.

    In alignment with KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols, the platform complies with international regulatory standards. Security features include cold and hot wallet separation, multi-factor authentication, and encrypted communication protocols, establishing a bank-level protection system for all user assets and activity.

    Multi-Currency Mining with Automated Daily Income

    The platform supports mining of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Users can freely choose their preferred currency, contract duration, and investment amount. Income generation begins automatically within 24 hours of activation.

    Returns are calculated using real-time mining machine data and are settled daily, ensuring transparency and traceability. The system offers full visibility and flexibility for users to monitor earnings in real time.

    Fast Withdrawals, No Lock-in Requirements

    Addressing one of the biggest concerns for crypto investors, Okalio Mining ensures fast and flexible withdrawal options:

    • Withdrawals available 24/7
    • Support for multiple chains: TRC20, ERC20, BEP20
    • Average processing time: within minutes of approval
    • No lock-ins, hidden thresholds, or forced reinvestments

    This model provides users with complete financial freedom, allowing them to withdraw profits at their discretion without restrictions.

    A Reliable Choice for Long-Term Crypto Income

    In a market often defined by volatility, Okalio Mining’s continued commitment to stability, security, and transparency has earned it a loyal global user base. With eight years of uninterrupted operations, automated systems, and genuine income delivery, it remains a platform distinguished from short-term or promotional projects.

    With its $10 welcome bonus now live, Okalio Mining is extending a true opportunity for beginners to explore cloud mining with zero initial investment.

    Visit: www.okaliomining.com
    Start with $10 in computing power today – and begin earning tomorrow.
    Real computing power. Stable income. Zero threshold.

    Media Contact:

    Name: Jack Anderson
    Position: Marketing Manager

    Address: 2nd Floor, Catherine House, 11 Wyllyotts Place, Dax Lane, Potters Bar, United Kingdom
    Email: info@okaliomining.com
    Website: www.okaliomining.com

    Attachment

    The MIL Network

  • MIL-OSI: Okalio Mining Celebrates 8 Years of Trusted Cloud Mining with $10 Welcome Bonus

    Source: GlobeNewswire (MIL-OSI)

    london, UK, June 26, 2025 (GLOBE NEWSWIRE) —

    In response to growing global interest in passive income through cryptocurrencies, Okalio Mining announces the continuation of its mission to provide low-barrier, high-return cloud mining services to users worldwide. With over eight years of professional operation since its establishment in 2017, the platform has emerged as a trusted name in the cloud mining industry—backed by a strong technical foundation, compliance-driven operations, and real, user-visible daily income.

    A Platform Proven by Time: 8 Years of Consistent Growth

    Founded in 2017, Okalio Mining has maintained a clear focus on delivering a low-risk, high-efficiency cloud mining environment. Unlike short-lived marketing projects, Okalio Mining is anchored in self-owned mining resources, an intelligent power scheduling system, and a mature user management model.

    The platform currently operates multiple data centers across North America, Iceland, Kazakhstan, and more—leveraging high-performance ASIC machines and clean energy solutions. The system dynamically adjusts for changes in market difficulty and electricity costs, ensuring stable and sustainable daily returns.

    Zero-Threshold Start: Register and Receive $10 Mining Power

    To empower first-time users, Okalio Mining offers a $10 credit for computing power upon registration. This allows users to experience real mining operations without needing an initial deposit. Daily income begins within 24 hours of registration.

    This user-first approach not only reduces the cost of entry but also reflects the platform’s confidence in its mining technology and revenue model. It provides new users with early assurance and familiarity, enabling them to plan further investments with clarity and confidence.

    Compliant Operations and Bank-Level Security Measures

    Okalio Mining places a premium on legal compliance and user fund protection. The company maintains transparent corporate registration in multiple jurisdictions, ensuring all activities are conducted under a legal framework.

    In alignment with KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols, the platform complies with international regulatory standards. Security features include cold and hot wallet separation, multi-factor authentication, and encrypted communication protocols, establishing a bank-level protection system for all user assets and activity.

    Multi-Currency Mining with Automated Daily Income

    The platform supports mining of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Users can freely choose their preferred currency, contract duration, and investment amount. Income generation begins automatically within 24 hours of activation.

    Returns are calculated using real-time mining machine data and are settled daily, ensuring transparency and traceability. The system offers full visibility and flexibility for users to monitor earnings in real time.

    Fast Withdrawals, No Lock-in Requirements

    Addressing one of the biggest concerns for crypto investors, Okalio Mining ensures fast and flexible withdrawal options:

    • Withdrawals available 24/7
    • Support for multiple chains: TRC20, ERC20, BEP20
    • Average processing time: within minutes of approval
    • No lock-ins, hidden thresholds, or forced reinvestments

    This model provides users with complete financial freedom, allowing them to withdraw profits at their discretion without restrictions.

    A Reliable Choice for Long-Term Crypto Income

    In a market often defined by volatility, Okalio Mining’s continued commitment to stability, security, and transparency has earned it a loyal global user base. With eight years of uninterrupted operations, automated systems, and genuine income delivery, it remains a platform distinguished from short-term or promotional projects.

    With its $10 welcome bonus now live, Okalio Mining is extending a true opportunity for beginners to explore cloud mining with zero initial investment.

    Visit: www.okaliomining.com
    Start with $10 in computing power today – and begin earning tomorrow.
    Real computing power. Stable income. Zero threshold.

    Media Contact:

    Name: Jack Anderson
    Position: Marketing Manager

    Address: 2nd Floor, Catherine House, 11 Wyllyotts Place, Dax Lane, Potters Bar, United Kingdom
    Email: info@okaliomining.com
    Website: www.okaliomining.com

    Attachment

    The MIL Network

  • MIL-OSI: Independent Bank Corporation Announces Date for Its Second Quarter 2025 Earnings Release

    Source: GlobeNewswire (MIL-OSI)

    GRAND RAPIDS, Mich., June 26, 2025 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2025 second quarter results on Thursday, July 24, 2025, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website.

    Brad Kessel, President and CEO, Gavin Mohr, CFO and Joel Rahn, EVP Commercial Banking will review the quarterly results in a conference call for investors and analysts beginning at 11:00 am ET on Thursday, July 24, 2025.

    To participate in the live conference call, please dial 1-833-470-1428 (Access Code # 493553). Also the conference call will be accessible through an audio webcast with user-controlled slides via the following event site/URL: https://events.q4inc.com/attendee/394984135.

    A playback of the call can be accessed by dialing 1-866-813-9403 (Access Code # 372693). The replay will be available through July 31, 2025.

    About Independent Bank Corporation

    Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.3 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan’s Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments, insurance and title services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

    For more information, please visit our website at: IndependentBank.com.

       
    Contact: William B. Kessel, President and CEO, 616.447.3933
    Gavin A. Mohr, Chief Financial Officer, 616.447.3929
       

    The MIL Network

  • MIL-OSI USA: Rep. Fitzgerald Introduces the Expanding Access to Lending Options Act

    Source: United States House of Representatives – Congressman Scott Fitzgerald (WI-05)

    WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) introduced the Expanding Access to Lending Options Act, which would allow the National Credit Union Administration Board to increase the federal credit union loan maturity cap to 20 years, or longer if the Board allows by regulation. It also allows loan maturities for 1–4-unit principal and non-principal residences to be extended to 30 years.

    “As the cost of living continues to rise, families and small businesses need more flexible, affordable lending options,” said Congressman Scott Fitzgerald. “This bill gives credit unions the ability to offer longer-term loans, helping borrowers plan for the future and stay on top of their financial obligations without being locked into high monthly payments.”

    “Economic uncertainty makes managing finances difficult. With the introduction of legislation to provide credit unions with loan maturity flexibility, Reps. Fitzgerald, Fitzpatrick, Sherman, Meuser, Kim, Vargas, and Timmons are giving 142 million Americans much-needed financial relief,” said America’s Credit Unions President/CEO Jim Nussle. “This bill enhances credit unions’ ability to offer loans at rates and terms that fit their members’ needs. Credit unions are a safe haven for Americans trying to make ends meet and invest in their future. We thank the lawmakers for introducing this bipartisan legislation, and we urge the House to quickly advance it.”

    “Wisconsin’s cooperative not-for-profit credit unions have evolved to meet the needs of their 3.9 million members and the communities they live and work in, serving as a lifeline and trusted financial partner for over 100 years,” said Sarah Wainscott, President & CEO of The Wisconsin Credit Union League. “This bill delivers impactful regulatory evolution to increase loan maturity limits and remove red tape, allowing credit unions to better invest in what they do best – working toward the financial well-being for all. Wisconsin credit unions applaud and deeply appreciate the leadership of Congressman Fitzgerald and his colleagues for believing in credit unions and investing in policy that gives consumers greater opportunity for financial health and freedom.”

    BACKGROUND: Credit unions are generally prohibited from offering loans beyond a 15-year term, with limited exceptions. As costs rise, so does the need for larger loan limits and longer terms to make repayment more manageable. Allowing the flexibility to offer longer terms would lower monthly payments for consumers while offering greater competition for lending products, including small business, student, and agricultural loans. Any change to the loan term would not change credit unions’ member business lending cap of 12.25% of their assets for small business loans.

    SUPPORTERS: America’s Credit Unions and the Wisconsin Credit Union League.

    Read the bill text here

    ###

    MIL OSI USA News

  • MIL-OSI USA: Rep. Fitzgerald Introduces the Expanding Access to Lending Options Act

    Source: United States House of Representatives – Congressman Scott Fitzgerald (WI-05)

    WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) introduced the Expanding Access to Lending Options Act, which would allow the National Credit Union Administration Board to increase the federal credit union loan maturity cap to 20 years, or longer if the Board allows by regulation. It also allows loan maturities for 1–4-unit principal and non-principal residences to be extended to 30 years.

    “As the cost of living continues to rise, families and small businesses need more flexible, affordable lending options,” said Congressman Scott Fitzgerald. “This bill gives credit unions the ability to offer longer-term loans, helping borrowers plan for the future and stay on top of their financial obligations without being locked into high monthly payments.”

    “Economic uncertainty makes managing finances difficult. With the introduction of legislation to provide credit unions with loan maturity flexibility, Reps. Fitzgerald, Fitzpatrick, Sherman, Meuser, Kim, Vargas, and Timmons are giving 142 million Americans much-needed financial relief,” said America’s Credit Unions President/CEO Jim Nussle. “This bill enhances credit unions’ ability to offer loans at rates and terms that fit their members’ needs. Credit unions are a safe haven for Americans trying to make ends meet and invest in their future. We thank the lawmakers for introducing this bipartisan legislation, and we urge the House to quickly advance it.”

    “Wisconsin’s cooperative not-for-profit credit unions have evolved to meet the needs of their 3.9 million members and the communities they live and work in, serving as a lifeline and trusted financial partner for over 100 years,” said Sarah Wainscott, President & CEO of The Wisconsin Credit Union League. “This bill delivers impactful regulatory evolution to increase loan maturity limits and remove red tape, allowing credit unions to better invest in what they do best – working toward the financial well-being for all. Wisconsin credit unions applaud and deeply appreciate the leadership of Congressman Fitzgerald and his colleagues for believing in credit unions and investing in policy that gives consumers greater opportunity for financial health and freedom.”

    BACKGROUND: Credit unions are generally prohibited from offering loans beyond a 15-year term, with limited exceptions. As costs rise, so does the need for larger loan limits and longer terms to make repayment more manageable. Allowing the flexibility to offer longer terms would lower monthly payments for consumers while offering greater competition for lending products, including small business, student, and agricultural loans. Any change to the loan term would not change credit unions’ member business lending cap of 12.25% of their assets for small business loans.

    SUPPORTERS: America’s Credit Unions and the Wisconsin Credit Union League.

    Read the bill text here

    ###

    MIL OSI USA News

  • MIL-OSI USA: Rep. Fitzgerald Introduces the Expanding Access to Lending Options Act

    Source: United States House of Representatives – Congressman Scott Fitzgerald (WI-05)

    WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) introduced the Expanding Access to Lending Options Act, which would allow the National Credit Union Administration Board to increase the federal credit union loan maturity cap to 20 years, or longer if the Board allows by regulation. It also allows loan maturities for 1–4-unit principal and non-principal residences to be extended to 30 years.

    “As the cost of living continues to rise, families and small businesses need more flexible, affordable lending options,” said Congressman Scott Fitzgerald. “This bill gives credit unions the ability to offer longer-term loans, helping borrowers plan for the future and stay on top of their financial obligations without being locked into high monthly payments.”

    “Economic uncertainty makes managing finances difficult. With the introduction of legislation to provide credit unions with loan maturity flexibility, Reps. Fitzgerald, Fitzpatrick, Sherman, Meuser, Kim, Vargas, and Timmons are giving 142 million Americans much-needed financial relief,” said America’s Credit Unions President/CEO Jim Nussle. “This bill enhances credit unions’ ability to offer loans at rates and terms that fit their members’ needs. Credit unions are a safe haven for Americans trying to make ends meet and invest in their future. We thank the lawmakers for introducing this bipartisan legislation, and we urge the House to quickly advance it.”

    “Wisconsin’s cooperative not-for-profit credit unions have evolved to meet the needs of their 3.9 million members and the communities they live and work in, serving as a lifeline and trusted financial partner for over 100 years,” said Sarah Wainscott, President & CEO of The Wisconsin Credit Union League. “This bill delivers impactful regulatory evolution to increase loan maturity limits and remove red tape, allowing credit unions to better invest in what they do best – working toward the financial well-being for all. Wisconsin credit unions applaud and deeply appreciate the leadership of Congressman Fitzgerald and his colleagues for believing in credit unions and investing in policy that gives consumers greater opportunity for financial health and freedom.”

    BACKGROUND: Credit unions are generally prohibited from offering loans beyond a 15-year term, with limited exceptions. As costs rise, so does the need for larger loan limits and longer terms to make repayment more manageable. Allowing the flexibility to offer longer terms would lower monthly payments for consumers while offering greater competition for lending products, including small business, student, and agricultural loans. Any change to the loan term would not change credit unions’ member business lending cap of 12.25% of their assets for small business loans.

    SUPPORTERS: America’s Credit Unions and the Wisconsin Credit Union League.

    Read the bill text here

    ###

    MIL OSI USA News

  • MIL-OSI USA: Be Alert to Fraud After Tennessee’s Severe Storms, Straight-Line Winds, Tornadoes and Flooding

    Source: US Federal Emergency Management Agency

    Headline: Be Alert to Fraud After Tennessee’s Severe Storms, Straight-Line Winds, Tornadoes and Flooding

    Be Alert to Fraud After Tennessee’s Severe Storms, Straight-Line Winds, Tornadoes and Flooding

    Tennesseans should be aware that con artists and criminals may try to obtain money or steal personal information through fraud or identity theft after the April 2-24 severe storms, straight-line winds, tornadoes and flooding

    In some cases, thieves try to apply for FEMA assistance using names, addresses and Social Security numbers they have stolen from people affected by the disaster

    If a FEMA inspector comes to your home and you did not submit a FEMA application, your information may have been used without your knowledge to apply for assistance

    If this happens, please inform the inspector that you did not apply for FEMA assistance so they can submit a request to stop further processing of the application

     If you did not apply for assistance but you received a letter from FEMA, please call the FEMA Helpline at 800-621-3362 from 6 a

    m

    to 10 p

    m

    CT daily

    Helpline specialists will submit a request to stop further processing of that application

    If you want to apply for FEMA assistance after stopping an application made in your name without your knowledge, helpline specialists will assist you in creating a new application

    ScamsFEMA housing inspectors and other officials will be working in areas impacted by April’s severe weather

    They carry official photo identification badges

    FEMA representatives never charge for disaster assistance, inspections or help filling out applications — their services are free

    Don’t believe anyone who promises a disaster grant in return for payment

     Don’t give your banking information to a person claiming to be a FEMA housing inspector

    FEMA inspectors are never authorized to collect your personal financial information

     If you believe you are the victim of a scam or price gouging, or you want to report a person or company for disaster relief scams or price gouging, contact your local police or sheriff’s department

    You may also report it to the Tennessee Division of Consumer Affairs by calling 615-741-4737 or go online and file a fraud complaint at TN Division of Consumer Affairs

     If you have knowledge of fraud, waste or abuse, you can report these tips – 24 hours a day, seven days a week – to the FEMA Disaster Fraud Hotline at 866-720-5721

    You can also email StopFEMAFraud@fema

    dhs

    gov to report a tip

    kwei

    nwaogu
    Thu, 06/26/2025 – 12:58

    MIL OSI USA News

  • MIL-OSI Security: Canadian National Extradited for Mailing Fraudulent Prize Notices

    Source: United States Attorneys General 1

    WASHINGTON — A Canadian national accused of operating fraudulent prize notice schemes was extradited to the United States and made his initial appearance in Las Vegas federal court on June 18, the Department of Justice and U.S. Postal Inspection Service announced today.

    Patrick Fraser, 44, of Alberta, Canada, will face federal charges of conspiracy and mail fraud. Fraser was arrested on June 15, 2023, by Canadian authorities pursuant to a U.S. extradition request and was surrendered to the United States this month. A detention hearing was held on June 23, and Fraser was ordered detained pending trial.

    According to the indictment, the defendant conspired with others to operate fraud schemes through which he mailed fraudulent prize notifications to individuals in the United States and in other countries. The prize notifications falsely represented that the victims had been specifically chosen to receive a large cash prize, typically over $1 million, and would receive the prize upon payment of a small free. Many of the victims were elderly and vulnerable.

    “The Justice Department is committed to prosecuting and pursuing those who perpetrate fraud schemes targeting America’s seniors,” said Assistant Attorney General Brett Shumate of the Justice Department’s Civil Division. “I thank Canada for assisting in extraditing this individual to face charges here in the United States. The Justice Department and U.S. law enforcement partners will continue to work closely with law enforcement partners across the globe to bring to justice criminals who attempt to defraud U.S. victims from outside the United States.”

    “The U.S. Attorney’s Office will continue to work with the Consumer Protection Branch and our law enforcement partners in the United States and the world to identify and pursue transnational criminals who prey on older Americans,” said U.S. Attorney Sigal Chattah for the District of Nevada. “Through our Elder Justice Initiative, Assistant U.S. Attorneys and professional staff are combating elder financial exploitation and fraud. This extradition is another example of the outstanding collaboration between federal law enforcement and international partners.”

    “Postal inspectors protect the vulnerable. If you use fake prize offers to scam others, we’ll find you—and you will be held accountable,” said U.S. Postal Inspector in Charge Eric Shen.

    Fraser is charged in a nine-count indictment filed in the U.S. District Court for the District of Las Vegas. If convicted, Fraser faces a maximum penalty of 20 years in prison per count. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    All defendants are presumed innocent until proven guilty beyond a reasonable doubt.

    Senior Trial Attorney Ann Entwistle and Trial Attorney Charles B. Dunn of the Justice Department’s Consumer Protection Branch and Assistant U.S. Attorney Richard Anthony Lopez for the District of Nevada are prosecuting the case. USPIS investigated the case. The Justice Department is grateful to the Vancouver Police Department, who provided assistance through official requests. The Office of International Affairs of the Justice Department’s Criminal Division accomplished the extradition of Fraser from Canada.

    The Justice Department continues to investigate and bring charges in other similar matters. If you or someone you know is age 60 or older and has experienced financial fraud, experienced professionals are standing by at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This Justice Department hotline, managed by the Office for Victims of Crime, can provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Case managers will identify appropriate reporting agencies, provide information to callers to assist them in reporting, connect callers directly with appropriate agencies, and provide resources and referrals, on a case-by-case basis. Reporting is the first step. Reporting can help authorities identify those who commit fraud and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. The hotline is open Monday through Friday from 10:00 a.m. to 6:00 p.m. ET. English, Spanish, and other languages are available.

    More information about the department’s efforts to help American seniors is available at its Elder Justice Initiative webpage. For more information about the Consumer Protection Branch and its enforcement efforts, visit www.justice.gov/civil/consumer-protection-branch. Consumer complaints may be filed with the FTC at www.reportfraud.ftc.gov/ or at 877-FTC-HELP. The Justice Department provides a variety of resources relating to elder fraud victimization through its Office for Victims of Crime, which can be reached at www.ovc.gov.

    For more information about the Consumer Protection Branch and its fraud enforcement efforts, visit www.justice.gov/civil/consumer-protection-branch

    MIL Security OSI

  • MIL-OSI: MiningToken Becomes the First to Enable Litecoin Cloud Mining on Mobile Devices, Opening a New Path for LTC Investors

    Source: GlobeNewswire (MIL-OSI)

    Brisbane, June 26, 2025 (GLOBE NEWSWIRE) — The Rise of Mobile Litecoin Cloud Mining

    Being called the silver to Bitcoin’s golden one, Litecoin (LTC) has become incredibly popular due to its high speed of transactions, cheap fixed commissions, and good reputation in the crypto community. However, even though Litecoin is still ranked among the top 20 cryptocurrencies, it has traditionally been rather difficult to mine, home to costly, special equipment, technical skills, and enormous energy demands, until recently.

    A mobile-friendly cloud mining platform has emerged, enabling users to mine Litecoin easily from their smartphones. No hardware is required, no electric cost, and it does not need a complex setup. To sweeten the deal, all new users are entitled to a free-of-charge credit of $100, allowing them to begin mining immediately.

    This innovation places MiningToken among the few platforms that accommodate mobile-based Litecoin cloud mining—giving more people an opportunity to earn LTC without spending money on installing physical infrastructure.

    What Makes MiningToken Ideal for Litecoin Mining?

    MiningToken is a secure and convenient provider of cloud mining infrastructure supported by mining farms on an industrial scale. Some of these farms are situated in countries such as Canada, Iceland, and Paraguay where energy sources are primarily renewable—hydroelectric, geothermal, and wind—making the system efficient and environmentally conscious.

    Instead of relying on physical mining rigs, users rent hashpower through short-term contracts. MiningToken’s AI allocates resources to optimize performance and offer users a seamless mining experience.

    Key features include:

    • Mobile-friendly mining via web dashboard
    • Fast sign-up and instant mining
    • AI-optimized resource management
    • $100 free credit for new users
    • No maintenance, electricity, or cooling costs
    • Supports LTC, BTC, DOGE, ETH, and BCH

    For Litecoin enthusiasts, this means accessible mining without financial or technical barriers.

    Mining Plans: Designed for Daily Activity

    MiningToken’s platform features multiple LTC-compatible mining plans supported by real hashrate from a global network of mining centers. These plans are tailored to enable users to engage with the mining process efficiently without investing in physical infrastructure.

    MiningToken offers a wide range of plans hosted across international data centers. Visit Official Website for full details.

    How to Start Mining LTC in Minutes

    Here’s how you can start mining Litecoin with MiningToken right away:

    1. Sign-up – Register your account at www.miningtoken.com.
    2. Claim Your $100 Bonus – A $100 bonus will be credited to your account automatically.
    3. Pick a Plan – Choose from a variety of mining contracts based on your budget and preferences.
    4. Activate Mining – Start mining with your selected plan. Track your progress via your dashboard.
    5. Withdraw Earnings – Withdraw your rewards or reinvest them to scale up your mining activities.

    All features are accessible through both desktop and mobile devices, making it easy to control your mining at any time.

    Security and Sustainability First

    MiningToken supports responsible mining by integrating clean energy and high-level security standards.

    Security features include:

    • Two-factor authentication (2FA)
    • Encrypted cloud wallets
    • Cold storage mechanisms
    • Secure transaction processing

    A Better Way to Mine Litecoin

    Litecoin mining no longer requires expensive hardware or extensive technical knowledge. MiningToken transforms this traditionally resource-heavy activity into a simple, web-based solution. Anyone—from students to investors—can now participate in real-time crypto mining using just a smartphone.

    MiningToken’s system offers a user-friendly, sustainable, and accessible way to engage with Litecoin mining—backed by an AI-driven infrastructure designed to improve efficiency while reducing environmental impact.

    Conclusion

    Whether you’re new to crypto or an experienced trader, MiningToken provides a smart, secure, and accessible way to mine LTC using your phone. With its free $100 sign-up bonus, AI optimization, and energy-efficient data centers, anyone can begin exploring cloud mining within minutes.

    Visit www.miningtoken.com to claim your free bonus and start mining Litecoin today.

    Frequently Asked Questions

    Q: Can I mine Litecoin using only the $100 bonus?
    Yes, you can use the sign-up bonus to purchase a mining contract and begin receiving mining rewards without any investment.

    Q: Is MiningToken available internationally?
    Yes. MiningToken services are not region-locked and are accessible globally.

    Q: How is MiningToken different from other mobile mining apps?
    Unlike mining simulation apps, MiningToken connects users to real hashpower and delivers actual mining rewards based on contract performance.

    Q: How do I receive my profits?
    Mining earnings are credited to your wallet daily. Withdrawals are available once the minimum threshold is met.

    Disclaimer:
    The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network

  • MIL-OSI: MiningToken Becomes the First to Enable Litecoin Cloud Mining on Mobile Devices, Opening a New Path for LTC Investors

    Source: GlobeNewswire (MIL-OSI)

    Brisbane, June 26, 2025 (GLOBE NEWSWIRE) — The Rise of Mobile Litecoin Cloud Mining

    Being called the silver to Bitcoin’s golden one, Litecoin (LTC) has become incredibly popular due to its high speed of transactions, cheap fixed commissions, and good reputation in the crypto community. However, even though Litecoin is still ranked among the top 20 cryptocurrencies, it has traditionally been rather difficult to mine, home to costly, special equipment, technical skills, and enormous energy demands, until recently.

    A mobile-friendly cloud mining platform has emerged, enabling users to mine Litecoin easily from their smartphones. No hardware is required, no electric cost, and it does not need a complex setup. To sweeten the deal, all new users are entitled to a free-of-charge credit of $100, allowing them to begin mining immediately.

    This innovation places MiningToken among the few platforms that accommodate mobile-based Litecoin cloud mining—giving more people an opportunity to earn LTC without spending money on installing physical infrastructure.

    What Makes MiningToken Ideal for Litecoin Mining?

    MiningToken is a secure and convenient provider of cloud mining infrastructure supported by mining farms on an industrial scale. Some of these farms are situated in countries such as Canada, Iceland, and Paraguay where energy sources are primarily renewable—hydroelectric, geothermal, and wind—making the system efficient and environmentally conscious.

    Instead of relying on physical mining rigs, users rent hashpower through short-term contracts. MiningToken’s AI allocates resources to optimize performance and offer users a seamless mining experience.

    Key features include:

    • Mobile-friendly mining via web dashboard
    • Fast sign-up and instant mining
    • AI-optimized resource management
    • $100 free credit for new users
    • No maintenance, electricity, or cooling costs
    • Supports LTC, BTC, DOGE, ETH, and BCH

    For Litecoin enthusiasts, this means accessible mining without financial or technical barriers.

    Mining Plans: Designed for Daily Activity

    MiningToken’s platform features multiple LTC-compatible mining plans supported by real hashrate from a global network of mining centers. These plans are tailored to enable users to engage with the mining process efficiently without investing in physical infrastructure.

    MiningToken offers a wide range of plans hosted across international data centers. Visit Official Website for full details.

    How to Start Mining LTC in Minutes

    Here’s how you can start mining Litecoin with MiningToken right away:

    1. Sign-up – Register your account at www.miningtoken.com.
    2. Claim Your $100 Bonus – A $100 bonus will be credited to your account automatically.
    3. Pick a Plan – Choose from a variety of mining contracts based on your budget and preferences.
    4. Activate Mining – Start mining with your selected plan. Track your progress via your dashboard.
    5. Withdraw Earnings – Withdraw your rewards or reinvest them to scale up your mining activities.

    All features are accessible through both desktop and mobile devices, making it easy to control your mining at any time.

    Security and Sustainability First

    MiningToken supports responsible mining by integrating clean energy and high-level security standards.

    Security features include:

    • Two-factor authentication (2FA)
    • Encrypted cloud wallets
    • Cold storage mechanisms
    • Secure transaction processing

    A Better Way to Mine Litecoin

    Litecoin mining no longer requires expensive hardware or extensive technical knowledge. MiningToken transforms this traditionally resource-heavy activity into a simple, web-based solution. Anyone—from students to investors—can now participate in real-time crypto mining using just a smartphone.

    MiningToken’s system offers a user-friendly, sustainable, and accessible way to engage with Litecoin mining—backed by an AI-driven infrastructure designed to improve efficiency while reducing environmental impact.

    Conclusion

    Whether you’re new to crypto or an experienced trader, MiningToken provides a smart, secure, and accessible way to mine LTC using your phone. With its free $100 sign-up bonus, AI optimization, and energy-efficient data centers, anyone can begin exploring cloud mining within minutes.

    Visit www.miningtoken.com to claim your free bonus and start mining Litecoin today.

    Frequently Asked Questions

    Q: Can I mine Litecoin using only the $100 bonus?
    Yes, you can use the sign-up bonus to purchase a mining contract and begin receiving mining rewards without any investment.

    Q: Is MiningToken available internationally?
    Yes. MiningToken services are not region-locked and are accessible globally.

    Q: How is MiningToken different from other mobile mining apps?
    Unlike mining simulation apps, MiningToken connects users to real hashpower and delivers actual mining rewards based on contract performance.

    Q: How do I receive my profits?
    Mining earnings are credited to your wallet daily. Withdrawals are available once the minimum threshold is met.

    Disclaimer:
    The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network