Category: Economy

  • MIL-OSI USA: SBA Relief Still Available to Arkansas Private Nonprofits Affected by April Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding private nonprofit (PNP) organizations in Arkansas of the July 21 deadline to apply for low interest federal disaster loans to offset physical damage caused by severe storms, tornadoes and flooding occurring April 2–22.

    The disaster declaration covers the Arkansas counties of Clark, Clay, Craighead, Cross, Dallas, Desha, Fulton, Greene, Hempstead, Hot Spring, Izard, Jackson, Lafayette, Lawrence, Lee, Little River, Lonoke, Marion, Miller, Monroe, Montgomery, Nevada, Newton, Pike, Poinsett, Prairie, Pulaski, Randolph, Saline, Scott, Searcy, Sevier, Sharp, St. Francis, Stone and Woodruff.

    Under this declaration, PNPs providing non-critical services of a governmental nature are eligible to apply for business physical damage loans. Eligible PNPs may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Applicants may be eligible for a loan amount increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements might include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future damage caused by any disaster. 

    “One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s mitigation loans.”

    PNPs are also eligible to apply for Economic Injury Disaster Loans (EIDLs) to help meet working capital needs. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster. EIDL assistance is available regardless of whether the PNP suffered any physical property damage. 

    Interest rates can be as low 3.62% 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 physical damage applications is July 22, 2025. The deadline to return economic injury applications is Feb. 23, 2026.

    ###

    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, 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 Nebraska Small Businesses and Private Nonprofits Affected by Spring Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Nebraska of the July 21, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by severe storms, straight-line winds, tornadoes and flooding occurring May 20–June 3, 2024.

    The declaration covers Howard County in Nebraska.

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

    EIDLs are for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. They 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 private nonprofits 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 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 begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to the SBA no later than July 21.

    ###

    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, 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: Shaping a New Platform for Global Growth Discussed at Open Dialogue within SPIEF-2025

    Source: GlobeNewswire (MIL-OSI)

    MOSCOW, RUSSIA, June 20, 2025 (GLOBE NEWSWIRE) — The session “Shaping a New Platform for Global Growth”, based on the results of the Open Dialogue of the Russia National Centre, opened the St. Petersburg International Economic Forum business program on June 18.

    Recognised international experts from Russia, Cameroon, Spain, Azerbaijan, and Canada, as well as authors of the best essays from the Open Dialogue, participated in the discussion.

    Speakers discussed the changing world order, Africa’s potential, and trends in the future economy, including demographic changes and the implementation of breakthrough technologies.

    “This year, the St. Petersburg International Economic Forum is taking place against turbulent world events. This includes the situation in the Middle East and trade wars. Much time will be devoted to this current agenda at the forum. We must not forget which long-term trends and challenges led to the current situation, which trends are basic and defining. It is important to conduct an open dialogue about how we build the world of the future and how to form a new platform for global growth. In which countries does this global growth occur, on which technologies will it be built, and on which principles and cultural code? Our task is to ensure that forward movement benefits people in all countries that, like Russia, are working on the future. It is through open dialogue that our future and its understanding are built,” emphasised Maxim Oreshkin.

    A speaker from Spain, Juan Antonio de Castro de Arespacochaga, a doctor of economics and professor at Complutense University of Madrid, delivered a report on how the global majority of countries are changing reality.

    “Today, most countries are not just participating in global processes – they are changing reality. We see how an increasingly flexible and multipolar world order is forming. World trade is becoming fragmented, fast, and technological, while the international system is becoming a network of preferential agreements, which distorts the principles laid down in the foundation of GATT and WTO,” noted Juan Antonio de Castro de Arespacochaga.

    One of the main discussion topics was: “Africa – driver of the future economic order.” Chairman of the African Advisory Council Francois Ndengwe noted that demographic growth is transforming Africa into the future cradle of the global workforce.

    “This is not just statistics – this is human capital that can become a new driver of global growth. Those who invest in education today and build universities in Africa will tomorrow shape markets and set the game’s rules together with Africa,” said Francois Ndengwe.

    Sergei Ivanov, Executive Director and Member of the EFKO Group board of Directors, spoke about the business’s new responsibility in the modern world. The expert emphasised that business today is not just a profit generator but an active participant in social transformations.

    “What projects and technologies should we invest in today? Investment criteria are three conditions: qualitatively improving human life, being produced in harmony with nature, and being accessible, at a minimum, having mass potential. But what’s more important is not only what you produce, but also in what culture you do it. In 2012, the president spoke words that I’ve been quoting often lately. He said that the great mission of Russians is to unite, to bind civilisation with culture, language, and universal responsiveness. And so we try to build our culture and our ethics around this very universal responsiveness. To build capitalism with a human face,” said Sergei Ivanov.

    Another session’s focus, “Shaping a New Platform for Global Growth”, was on breakthrough technologies. As noted by Yuri Kozarenko, General Director of “Transport of the Future” LLC, today, automation has reached a level where robots create robots for the production of goods and services for humans.

    “This year has become significant, showing a leap in the technological development of artificial intelligence. Several centres, schools, and institutes have been opened in China to train robots in various specialities. We in Russia, in turn, are opening robot training centres based in the Samara region and Moscow, including the Institute of Unmanned Systems. We teach robots to bring social benefit in an economically efficient way,” emphasised Yuri Kozarenko.

    The expert added that technological innovations today directly affect social spheres, for example, helping to solve the demographic crisis.

    During the session, participants also discussed the report on the results of the Open Dialogue prepared by the Centre for Cross-Industry Expertise “Third Rome.” The conclusions of the session “Shaping a New Platform for Global Growth” became the foundation for the subsequent business program of SPIEF-2025. The session “Shaping a New Platform for Global Growth” recording can be viewed on the Russia National Centre website.

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  • MIL-OSI: Shaping a New Platform for Global Growth Discussed at Open Dialogue within SPIEF-2025

    Source: GlobeNewswire (MIL-OSI)

    MOSCOW, RUSSIA, June 20, 2025 (GLOBE NEWSWIRE) — The session “Shaping a New Platform for Global Growth”, based on the results of the Open Dialogue of the Russia National Centre, opened the St. Petersburg International Economic Forum business program on June 18.

    Recognised international experts from Russia, Cameroon, Spain, Azerbaijan, and Canada, as well as authors of the best essays from the Open Dialogue, participated in the discussion.

    Speakers discussed the changing world order, Africa’s potential, and trends in the future economy, including demographic changes and the implementation of breakthrough technologies.

    “This year, the St. Petersburg International Economic Forum is taking place against turbulent world events. This includes the situation in the Middle East and trade wars. Much time will be devoted to this current agenda at the forum. We must not forget which long-term trends and challenges led to the current situation, which trends are basic and defining. It is important to conduct an open dialogue about how we build the world of the future and how to form a new platform for global growth. In which countries does this global growth occur, on which technologies will it be built, and on which principles and cultural code? Our task is to ensure that forward movement benefits people in all countries that, like Russia, are working on the future. It is through open dialogue that our future and its understanding are built,” emphasised Maxim Oreshkin.

    A speaker from Spain, Juan Antonio de Castro de Arespacochaga, a doctor of economics and professor at Complutense University of Madrid, delivered a report on how the global majority of countries are changing reality.

    “Today, most countries are not just participating in global processes – they are changing reality. We see how an increasingly flexible and multipolar world order is forming. World trade is becoming fragmented, fast, and technological, while the international system is becoming a network of preferential agreements, which distorts the principles laid down in the foundation of GATT and WTO,” noted Juan Antonio de Castro de Arespacochaga.

    One of the main discussion topics was: “Africa – driver of the future economic order.” Chairman of the African Advisory Council Francois Ndengwe noted that demographic growth is transforming Africa into the future cradle of the global workforce.

    “This is not just statistics – this is human capital that can become a new driver of global growth. Those who invest in education today and build universities in Africa will tomorrow shape markets and set the game’s rules together with Africa,” said Francois Ndengwe.

    Sergei Ivanov, Executive Director and Member of the EFKO Group board of Directors, spoke about the business’s new responsibility in the modern world. The expert emphasised that business today is not just a profit generator but an active participant in social transformations.

    “What projects and technologies should we invest in today? Investment criteria are three conditions: qualitatively improving human life, being produced in harmony with nature, and being accessible, at a minimum, having mass potential. But what’s more important is not only what you produce, but also in what culture you do it. In 2012, the president spoke words that I’ve been quoting often lately. He said that the great mission of Russians is to unite, to bind civilisation with culture, language, and universal responsiveness. And so we try to build our culture and our ethics around this very universal responsiveness. To build capitalism with a human face,” said Sergei Ivanov.

    Another session’s focus, “Shaping a New Platform for Global Growth”, was on breakthrough technologies. As noted by Yuri Kozarenko, General Director of “Transport of the Future” LLC, today, automation has reached a level where robots create robots for the production of goods and services for humans.

    “This year has become significant, showing a leap in the technological development of artificial intelligence. Several centres, schools, and institutes have been opened in China to train robots in various specialities. We in Russia, in turn, are opening robot training centres based in the Samara region and Moscow, including the Institute of Unmanned Systems. We teach robots to bring social benefit in an economically efficient way,” emphasised Yuri Kozarenko.

    The expert added that technological innovations today directly affect social spheres, for example, helping to solve the demographic crisis.

    During the session, participants also discussed the report on the results of the Open Dialogue prepared by the Centre for Cross-Industry Expertise “Third Rome.” The conclusions of the session “Shaping a New Platform for Global Growth” became the foundation for the subsequent business program of SPIEF-2025. The session “Shaping a New Platform for Global Growth” recording can be viewed on the Russia National Centre website.

    Social Links

    Telegram: https://t.me/gowithrussia

    VK: https://vk.com/gowithrussia

    OK: https://ok.ru/gowithrussia

    DZen: https://dzen.ru/gowithrussia

    Contact for the media

    Brand: Russia National Centre

    Contact: Media team

    Email: Pressa@russia.ru

    Website: https://russia.ru

    The MIL Network

  • MIL-OSI Africa: African and Caribbean leaders to headline Afreximbank’s 32nd Annual Meetings in Abuja, Nigeria


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    The 32nd Annual Meetings (AAM2025) of African Export-Import Bank (Afreximbank) (www.Afreximbank.com) will bring together an influential coalition of global, African and CARICOM leaders in Abuja, Nigeria from 25–27 June 2025. This high-level forum will focus on advancing trade, investment, and innovation across the continent, with Heads of State, Prime Ministers, top business executives, academics and acclaimed academics confirmed to speak.

    H.E. Bola Ahmed Tinubu, President of the Federal Republic of Nigeria; former Nigerian President H.E. Chief Olusegun Obasanjo and H.E. Ambassador Albert Muchanga, African Union Commissioner for Economic Development, Tourism, Trade, Industry & Mining, are among the confirmed dignitaries.

    They will be joined by ministers, central bank governors, investors, and industry leaders from Africa, the Caribbean, and beyond.

    Held under the theme “Building the Future on Decades of Resilience”, AAM2025 will focus on accelerating trade opportunities, driving investment and fostering innovation.

    Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, remarked:

    “AAM2025 comes at a pivotal time for Africa. As the continent confronts global uncertainties, it is doing so with renewed resolve. Following the successful 31st edition of AAM held in The Bahamas last year, we are back on the African continent for this year’s meetings which are about catalysing practical action—building stronger institutions to strengthen trade integration and unlocking the full potential of African innovation. We thank H.E Bola Ahmed Tinubu, President of the Federal Republic of Nigeria for his support.”

    The speaker lineup includes renowned economists and industry leaders including Professor Jeffrey Sachs, Director, Centre for Sustainable Development, Columbia University and Dr. Kishore Mahbubani, Distinguished Fellow, Asia Research Institute, National University of Singapore.

    Africa’s foremost business innovation leaders such as Mr. Aliko Dangote, President & CEO of Dangote Group and Mr. Tony Elumelu, Chairman of Heirs Holdings, will also participate. The speaker lineup further includes Professor Ghulam Mufti of King’s College London, former Prime Minister of Jamaica P.J. Patterson, and other influential figures.

    Afreximbank’s 32nd Annual Meetings (AAM2025) in Abuja are expected to deliver strong economic benefits, both in the short and long term. The main anticipated impacts include the trade and investment mobilisation, policy and institutional advancement and strengthening South-South cooperation and trade flows.

    AAM2025 is expected to facilitate significant trade and investment deals, including Memoranda of Understanding (MoUs) and public-private partnerships. The meetings are expected to catalyse billions of dollars in funding over the next 5–10 years for key strategic sectors.

    By bringing together heads of state, ministers, leaders of trade institutions, policymakers and the private sector, the meetings will advance regional dialogue on several priorities: implementing the African Continental Free Trade Area (AfCFTA), enhancing cross-border payment systems to speed up regional transactions, strengthening Africa–Caribbean (CARICOM) economic ties through expanded trade, tourism, and joint ventures, and ensuring private sector participation in policy reforms. These discussions aim to reduce business costs, improve trade infrastructure, and deepen regional economic integration.

    With world-renowned economists, scholars, and entrepreneurs participating, AAM2025 will shape thought leadership on Africa’s development path.

    Platforms like this influence policy, shift narratives, and inspire reforms that foster innovation, inclusion, and competitiveness. This year’s meetings will also mark the launch of several new initiatives.

    AAM2025 is expected to welcome thousands of participants and media from more than 80 countries.

    A full programme of events and speakers is available on www.AAM2025.com

    Distributed by APO Group on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Manager, Communications and Events (Media Relations)
    Email: press@afreximbank.com  

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    About Afreximbank:
    African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt. 

    For more information, visit: www.Afreximbank.com

    MIL OSI Africa

  • MIL-OSI Analysis: Elio: Disney’s enjoyable new animation may be an original story – but it’s also a forgettable one

    Source: The Conversation – UK – By Laura O’Flanagan, PhD Candidate, School of English, Dublin City University

    In a summer cinema release schedule filled with sequels, remakes and franchise instalments, Disney’s latest animation Elio is a rare original story.

    Recently, much has been written and hands been wrung about the lack of original films in Hollywood. Indeed, Disney CEO Bob Iger announced in 2024 that the studio’s output would primarily be sequels, saying: “There’s a lot of value in the sequels obviously because they’re known and it takes less in terms of marketing”. At least he’s honest.

    Elio is an unknown entity for the studio and indeed for 2025’s cinema goers. Fittingly, the film tackles the most unknown entities of all: outer space and life beyond Earth. What does this new story have to offer today’s cinema audiences who are accustomed to characters they already know and onscreen worlds that they have already visited?

    Elio tells the story of Elio Solis (Yonas Kibreab), a lonely newly orphaned boy who is fascinated with space and aliens. He lives in California with his Aunt Olga (Zoe Saldana), a major in the US Air Force.


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    When aliens make contact one night, Elio secretly answers their call and is brought to the “Communiverse” in outer space, a brightly coloured world that is populated with aliens. Mistakenly identified as Earth’s leader, Elio is tasked with solving an intergalactic crisis in this new alien world – a world in which he increasingly feels he belongs. Elio needs to decide whether to leave Earth forever, or if there is no place like home.

    Characteristic of Disney (Pixar), the film’s visuals are audaciously stunning. Space is depicted as a twinkling magical canvas upon which Elio can dream, and sweeping, majestic images of Earth beg to be seen on a large cinema screen. The Communiverse is depicted beautifully in iridescent colours. But, against this spectacular setting, the characters ring a little hollow.

    Elio is given little emotional depth, and in the Communiverse there are simply too many aliens for an audience to connect with. Elio’s new friend Glorgon is the exception here, and his open-hearted comedic wonder will certainly appeal to younger viewers. Aunt Olga is disappointingly underdeveloped and her status as a military major is presented as at odds with her new role as Elio’s caregiver.

    The film forgoes much of Olga’s story in favour of a zany subplot between Glorgon and his alien father who need to reconnect. This feels like a missed opportunity and a superficial effort to depict a female character of high military rank that falls short of giving her any real agency or power in the film.

    Strikingly, the filmmakers use audio clips of Carl Sagan’s Cosmos to amplify the film’s message about life and connection. These are accompanied with spectacular visuals of space and constellations. But these audio clips have a solemnity that seems out of place alongside an alien blob called Glorgon who has daddy issues.

    This oddness of tone is woven throughout the film, laced with peril that feels unthreatening, comedic moments which stop before the belly laugh, and sentimental scenes that cut before the tears flow. Characters and plotlines are plentiful but consequently, the film spreads itself too thin, leaving the entire story feeling underdeveloped and somewhat shallow.

    There is a lot of everything in this film, and certainly something for everyone. And maybe that’s the point. In the past two decades, we’ve moved from a shared cultural canon to a stratified ecosystem of personalised content streams.

    In this entertainment landscape, a film like Elio could appeal to everyone a little bit, rather than become anyone’s firm favourite. Everyone in the family will enjoy a part of this film, albeit different parts. I particularly enjoyed the scenes where Elio’s clone is living on Earth.

    This may well be Disney’s strategy: to release an original story with broad appeal in order to mitigate the risks associated with untested stories and characters. This may prove financially viable initially, but will it create films with enduring legacies that generate franchises and spawn sequels?

    I fear Elio will not. The film provides little more than a passable afternoon at the cinema. It is pleasant, forgettable and safe – unlikely to live in the memory to “infinity and beyond”, like previous Disney releases.

    Laura O’Flanagan 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. Elio: Disney’s enjoyable new animation may be an original story – but it’s also a forgettable one – https://theconversation.com/elio-disneys-enjoyable-new-animation-may-be-an-original-story-but-its-also-a-forgettable-one-259213

    MIL OSI Analysis

  • MIL-OSI Analysis: Trump’s first term lies at the heart of escalation between Iran and Israel

    Source: The Conversation – UK – By Christian Emery, Associate Professor in International Politics, UCL School of Slavonic and East European Studies, UCL

    The US president, Donald Trump, is weighing up whether to join Israel in attacking Iran. The fact he is even contemplating such a move is, in my opinion, a direct consequence of his 2018 decision to tear up the agreement negotiated during Barack Obama’s presidency that limited Iran’s nuclear capabilities in return for sanctions relief.

    Trump not only squandered the opportunity to constrain Iran’s nuclear ambitions severely. He also shut the door on showing Iran that diplomacy and economic development could offer a more promising path than proxy warfare.

    The Obama administration’s core strategic rationale behind the 2015 Iran nuclear deal, or joint comprehensive plan of action (JCPOA), was that amid several devastating regional wars and an American public weary of costly military interventions, a war with Iran would be disastrous. This was especially true given the growing US desire to pivot toward containing China.


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    Obama challenged opponents of the deal to propose a credible alternative. And Israel’s prime minister, Benjamin Netanyahu, addressed US Congress to make the case against the JCPOA. He argued that it would not prevent Iran from developing nuclear weapons.

    But Obama ultimately succeeded in persuading the American public that the only real alternative to a negotiated agreement with Iran was yet another war in the Middle East.

    Trump believed that exiting the JCPOA and crushing the Iranian economy would either force the regime to accept major restrictions on its nuclear programme and moderate its regional behaviour, or cause the entire theocratic system to collapse.

    What followed instead was a sharp escalation of tensions in the Persian Gulf. Iran exercised greater reliance on its regional proxy network, with attacks on US personnel increasing. It simultaneously increased its stockpile of highly enriched uranium.

    When Trump took office in 2017, the JCPOA had already eliminated 98% of Iran’s enriched uranium stockpile. It also capped enrichment at 3.7%, well below the level required for a nuclear bomb.

    The situation has changed since Trump’s withdrawal. Israel’s central justification for launching its attack against Iran on June 15 was the International Atomic Energy Agency’s determination that Iran had now amassed over 408kg of uranium enriched up to 60%. Netanyahu claimed that Iran could be “within a few months” of producing a nuclear weapon.

    However, even with these serious violations, US intelligence has consistently stated that Iran is not actively pursuing such a weapon. It recently assessed that, even if Iran decided to do so, it was up to three years away from being able to produce a nuclear weapon that it could deliver to a target of its choosing.

    Netanyahu may have wanted to attack Iran anyway. He has repeatedly claimed over the past 15 years that immediate military action was needed to stop Iran from obtaining a nuclear bomb.

    But it would have been harder to justify an attack on Iran if it possessed no highly enriched uranium and was verifiably complying with the JCPOA. Iran had stuck to the JCPOA for four years, including one year after the US withdrew, and there is no evidence to suggest it wouldn’t have kept to a deal that Iran clearly saw as being in its interests.

    Maximum pressure campaign

    Iran’s developing nuclear programme may be the immediate pretext for the current escalation. But Iran’s proxy warfare strategy, using regional militant groups to fight Israel and serve as pressure points it can activate when threatened, forms the other essential backdrop.

    This strategy pre-dates the Trump administration. But Trump’s so-called “maximum pressure” campaign clearly escalated tensions in the Middle East, making direct confrontation between Israel and Iran more likely.

    When Trump enacted sanctions aiming to eliminate Iran’s oil and gas exports, Tehran retaliated by using its strategic position in the Strait of Hormuz to harass Gulf shipping. In September 2019, an Iranian drone attack on a Saudi oil processing facility temporarily took out 50% of Saudi oil production.

    Iran would normally have zero interest in disrupting Gulf shipping. This is because its own gas and oil must travel through the Strait of Hormuz. But its strategy was to deter Trump’s economic warfare by showing that it would not be the only one to suffer.

    Tehran unsurprisingly viewed Trump’s policy as an attempt to deliver regime change and responded by doubling down on its “forward defence” strategy. Iran increased its military, financial and political backing of proxy groups in Iraq, Lebanon, Syria and Yemen. And it also continued development of its ballistic missile programme.

    Before 2018, the US estimated that Iran was sending about US$200 million (£148 million) annually to the Lebanese armed group, Hezbollah. By 2020, it was sending US$700 million.

    Trump’s repudiation of the JCPOA also critically damaged more moderate voices in Iran. In 2017, the success of the JCPOA helped propel reformist president Hassan Rouhani to a second term in office. However, in 2021, the regime prevented key moderate figures from standing.

    Ebrahim Raisi, a hardliner who had lost against Rouhani in 2017 and was already under US sanctions, was elected as Iran’s president. Raisi and his faction demanded tougher terms for any future nuclear deal – more sanctions relief upfront and binding guarantees against another US withdrawal.

    This frustrated attempts to revive the agreement under Joe Biden’s presidency, as only Congress could offer such guarantees. This was an improbable prospect amid escalating tensions with a more hostile, nuclear-advanced Iran that was increasingly aligning with Russia.

    None of this absolves Iran of its own intransigence, support for terrorism or brutalisation of its own citizens. Nor does it free the Islamic Republic of criticism over its decision to abandon the nuclear limits agreed under the JCPOA – even if it was the US that first broke the deal.

    Ultimately, though, the conditions that led to this war would almost certainly not have arisen without Trump’s mishandling of Iran policy in his first administration. It was a precursor to the abysmal leadership he’s demonstrating in this war.

    Christian Emery 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. Trump’s first term lies at the heart of escalation between Iran and Israel – https://theconversation.com/trumps-first-term-lies-at-the-heart-of-escalation-between-iran-and-israel-259199

    MIL OSI Analysis

  • MIL-OSI Analysis: What is an ‘alpha’ male?

    Source: The Conversation – UK – By Jwana Aziz, Postdoctoral Research Fellow at Institute of Applied Health Research, University of Birmingham

    AS Inc/Shutterstock

    The recent success of the Netflix show Adolescence has drawn attention to misogynistic rhetoric and how it spreads online. Safeline, an organisation supporting survivors of sexual abuse, has warned that terms like “high-value” and “low-value men” (also described as “alpha” and “beta” men) are being used to radicalise boys, drawing them into embracing such rhetoric.

    Last year, Elon Musk shared a post that argued only “high T alpha males” – men with high testosterone levels – can think freely and are most qualified to lead and govern. Relevant here is the reach of influencers like Andrew Tate, a self-described misogynist who, with his brother, is now facing 21 charges in the UK including rape and human trafficking, all of which they deny.

    What do these terms mean, and how harmful are they?

    The terms alpha and beta male are pseudoscientific terms used to push a concept of masculinity as necessarily hierarchical and aggressive. The theory frames the ideal of a man as someone who is financially successful, assertive, strong, logical and a “natural” leader.



    Boys and girls are together facing an uncertain world. But research shows they are diverging when it comes to attitudes about masculinity, feminism and gender equality.

    Social media, politics, and identity all play a role. But what’s really going on with boys and girls? Join The Conversation UK and Cumberland Lodge’s Youth and Democracy project at Newcastle University for a discussion of these issues with young people and academic experts. Tickets available here.


    Acquiring high-value status is not viewed merely as key to success in life, but also for attracting what are seen as high-value – namely virtuous and physically attractive – women, as well.

    Common and serious use of terms like alpha or high-value male were once largely confined to niche internet subcultures like the manosphere and incel (involuntary celibate) forums. But they have broken into the mainstream through influencers like Tate, whose followers describe him as “Top G”.

    Changing norms?

    There are also signs that the ideas around what it means to be “high value” are changing from the traditional, hegemonic view of masculinity. An interesting case study is Ashton Hall, whose morning routine video recently garnered millions of views on TikTok, and was widely discussed online.

    The male self-improvement influencer’s meticulously structured day comprises a series of self-optimisation tasks, starting with push-ups at 4am, journalling by 4.40am, and dunking his face in ice water before hitting the gym at 6.20am. After another ice-water face plunge and some hours of work, the video ends with a woman presenting him with his evening meal.

    It is interesting to see Hall take practices traditionally seen as feminine, like journalling and skincare, and embrace them as part of an otherwise very traditionally masculine morning routine.

    Another hypermasculine influencer, Hamza, also blends his tough man demeanour with practices like meditation, nutrition and wellness. He frames these habits as “warrior training”. Such practices, then, are not viewed as feminine or emasculating.

    Face masks and self-care have been rebranded by some as part of a masculine routine.
    G-Stock Studio/Shutterstock

    Masculinity today is influenced by neoliberal ideals, where a man’s value is measured by his productivity and success. Practices like self-care are branded as discipline and performance-enhancing tools, used to construct the most optimised, competitive version of the male self.

    Ashton Hall may not describe himself as an “alpha male”, but in many respects he embodies the idealised neoliberal archetype of masculinity: physical strength, wealth and material possessions.

    While Tate’s displays of wealth and women are clear performances of masculine dominance, Hall’s more restrained approach fits within the same hierarchy. In both, “value” is defined by discipline, social ascendancy and power, especially over women. In Hall’s video, it is a woman’s hands that can be seen preparing and serving his food, reinforcing traditional gender roles.

    Why is it harmful?

    It’s important to note that not all hypermasculine influencers are necessarily bad role models for young men and boys.

    But, as we have explored in a recent report, self-improvement content can be a key gateway into the misogynistic digital space of the manosphere.

    In our analysis of online discussions, we found that many of those drawn to hypermasculine influencers reported struggling with various offline vulnerabilities. These included experiencing big life changes, anxiety, depression, bullying and social isolation, and also being neurodiverse. Young followers described motivational content as having “saved” them. Others came across this content through otherwise innocuous searches about getting better abs or finding a girlfriend.

    One 15-year-old in our research, for example, recalled being severely bullied at school. He said that after adopting a strict routine inspired by Tate (waking at 6 am, pursuing fitness, cutting out social media), “Now people respect me.”

    Initially, what young men find may boost their confidence. But in encountering the promotion of unrealistic standards for self-improvement and a “hustle culture” mentality, they may be indoctrinated into an online world of rigidity and misogyny.

    Assigning worth to men based on social and economic status has personal and societal consequences. It presents failure to meet these standards as a path to loneliness and suffering, and frames following self-improvement influencers as the only solution.

    The appeal of self-improvement lies in its promise of transformation – from a state of dissatisfaction and unfulfillment to one of abundance, empowerment and power. Even followers of Tate’s who say they don’t agree with his views of women are drawn to his financial and business success.

    While presented as aspirational, being “high-value” is typically reserved to those with privileges of time and wealth, making it inherently exclusive and inaccessible to most. More importantly, it encourages a worldview where people are judged not for who they are, but for rather how much they produce and what they can offer.

    Such rhetoric reduces human relationships to metrics-based transactions based on a hierarchical order where only those who have accumulated the most power, wealth, and success rise to the top. Andrew Tate’s “Top G” persona rests on this understanding of human relations, resulting in a hyper-competitive transactional model of masculinity.

    More concerning is the ease through which this discourse lends itself to misogynistic narratives. In one video, Tate describes how a “body count [the number of sexual partners] is the easiest way to judge the value of a woman”.

    This metric, which men are exempted from, becomes the standard that men can use to asses and demean women. It reveals the true intentions behind concepts such as “high value” – a way to rank men and justify the control and devaluation of women, further reinforcing systems of power and male dominance.

    Jwana Aziz receives funding by University of Birmingham QR Policy Support Funding and a donation from the Barker Family Trust.

    Anna Lavis has previously received funding for research into online harms from Wellcome, Samaritans and the ESRC, and the work on which this article draws was funded by University of Birmingham QR Policy Support Funding and a donation from the Barker Family Trust.

    Anna sits on Meta’s Eating Disorders and Body Image Global Experts Advisory Board, but receives no payment for this work.

    ref. What is an ‘alpha’ male? – https://theconversation.com/what-is-an-alpha-male-254503

    MIL OSI Analysis

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Fiji

    Source: IMF – News in Russian

    June 20, 2025

    Washington, DC: On June 17, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Fiji, and considered and endorsed the staff appraisal without a meeting.

    The economic recovery continued in 2024. Staff estimates aggregate GDP growth in 2024 to have reached 3.7 percent. While employment has recovered to pre-pandemic levels, investment has recently been held back by labor shortages and supply-chain challenges. Inflation decelerated though 2024 as the impact of the 2023 value-added tax increase faded and the nominal exchange rate appreciated. The public debt-to-GDP ratio has continued to decline from the peak reached in 2022, but remains elevated, at 80 percent. Likewise, the current account balance has improved, but the deficit in 2024 is estimated to be around 6.7 percent.

    Monetary and financial conditions remain accommodative, while the fiscal stance has tightened. The Reserve Bank of Fiji (RBF) has maintained the policy rate at 0.25 percent since early 2020. The fiscal stance tightened in FY2024, with the overall deficit declining from 7.2 percent of GDP in FY2023 (August-July) to 3.5 percent of GDP in FY2024, compared to a budgeted deficit of 4.8 percent of GDP.

    Executive Board Assessment

    In concluding the 2025 Article IV consultation with Fiji, Executive Directors endorsed staff’s appraisal, as follows:

    The economy has been recovering from the pandemic but is facing new setbacks. Growth is expected to fall in 2025, to about 2.6 percent, mostly because of slowing external demand, and to take a couple of years to recover to its medium-term potential rate. The baseline projection implies that public debt would remain elevated. In addition, FX reserve coverage would fall, implying that the external position remains moderately weak. Growth would be higher with successful structural reforms, or should the external environment be more favorable than assumed. But the balance of risks appears to be mostly to the downside, both in the near term, if trade tensions were to worsen or their effects be more severe than assumed in the baseline, or over the medium term, mostly given vulnerabilities to natural disasters.

     

    Fiscal and monetary policies should focus on addressing macroeconomic imbalances.

    • Fiscal policy should focus on lowering public debt while continuing with growth-friendly fiscal consolidation, oriented toward capital spending. Significant progress has been achieved in recent years, but additional adjustment measures are needed to put public debt on a clear downward path. Targeted and temporary social protection measures should be used to protect the vulnerable. Fiscal tightening would also contribute to reducing external imbalances.
    • Over the medium term, given potential pressures on the exchange rate peg, monetary conditions should be gradually tightened, raising the policy rate and reducing excess liquidity.
    • Financial policy should be attentive to emerging credit risks and to safeguard against money laundering risks.
    • The authorities should avoid using exchange rate restrictions and CFMs in place of macroeconomic adjustment and focus on a gradual, sequenced capital account liberalization to support high long-run growth objectives.

    Raising potential growth calls for sustained structural reforms.

    • Progress has been achieved in enhancing the business environment and addressing near-term constraints to growth. Immediate concerns include addressing ageing infrastructure in electricity, water, and waste utilities, and improving the transport network and digital connectivity. Ongoing concerns include training and human capital. Successful measures would also encourage more foreign investment, ease external imbalances, and reduce “brain drain.”
    • As for other Pacific states, Fiji faces ongoing challenges from natural disasters and climate change. Increasing resilience adds to the motivation to shift away from current toward capital spending.

    Such issues require sustained political consensus and good governance. The government’s recognition of the importance of institutional reform, commitment to the rule of law, and reducing corruption and bribery is welcome. Recent legislative progress will need to be matched by proper enforcement and addressing capacity constraints in the civil service.

    Fiji: Selected Economic Indicators, 2022–30

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

    Est.

    Proj.

    Output and prices (percent change)

    Real GDP

    19.8

    7.5

    3.7

    2.6

    2.8

    3.2

    3.2

    3.2

    3.2

    GDP deflator

    2.4

    4.1

    6.3

    3.2

    3.1

    3.2

    3.3

    3.4

    3.5

    Consumer prices (average)

    4.3

    2.3

    4.5

    3.2

    3.1

    3.2

    3.3

    3.4

    3.5

    Consumer prices (end of period)

    3.1

    5.1

    1.3

    3.1

    3.2

    3.3

    3.4

    3.5

    3.5

    Central government budget on fiscal-year basis (percent of GDP)

    Revenue and Grants

    21.4

    23.2

    27.4

    27.1

    27.1

    26.8

    26.8

    26.6

    26.5

    Expenditure

    33.5

    30.3

    31.0

    31.5

    31.2

    31.0

    31.0

    30.9

    30.9

    Overall balance

    -12.1

    -7.2

    -3.5

    -4.4

    -4.2

    -4.2

    -4.2

    -4.3

    -4.4

    Primary balance

    -8.5

    -3.3

    0.5

    -0.3

    -0.3

    -0.6

    -0.6

    -0.7

    -0.8

    Central government debt 

    90.4

    83.3

    79.5

    77.7

    77.7

    77.6

    77.3

    77.0

    76.8

    Central government external debt

    33.3

    30.6

    28.7

    26.5

    26.5

    26.4

    26.1

    25.8

    25.6

    External sector (percent of GDP)

    Current account balance

    -17.3

    -7.7

    -6.7

    -7.0

    -7.7

    -7.5

    -7.2

    -6.9

    -6.9

    Trade balance

    -32.9

    -32.7

    -30.0

    -29.1

    -27.7

    -27.3

    -27.3

    -26.9

    -26.4

    Services balance

    11.8

    20.4

    20.0

    19.9

    18.4

    17.8

    17.3

    17.1

    16.5

    Primary Income balance

    -5.3

    -5.7

    -6.4

    -6.8

    -6.6

    -6.4

    -6.0

    -5.9

    -5.9

    Secondary Income balance

    9.2

    10.3

    9.6

    9.0

    8.2

    8.5

    8.8

    8.9

    9.0

    Capital account balance

    0.1

    0.1

    0.1

    0.1

    0.1

    0.1

    0.1

    0.1

    0.1

    Financial account balance (-= inflows)

    -14.0

    -4.9

    -6.6

    -4.1

    -5.3

    -5.7

    -6.9

    -6.5

    -6.5

    FDI

    -1.8

    -1.1

    -1.6

    -4.5

    -5.4

    -6.1

    -7.3

    -7.1

    -7.2

    Portfolio investment

    0.5

    1.0

    1.7

    1.7

    1.7

    1.7

    1.7

    1.7

    1.7

    Other investment

    -12.7

    -4.8

    -6.7

    -1.3

    -1.5

    -1.3

    -1.3

    -1.1

    -1.0

    Errors and omissions

    5.1

    4.2

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Change in reserve assets (-=increase)

    -2.1

    0.3

    0.1

    2.9

    2.3

    1.7

    0.3

    0.3

    0.4

    Gross official reserves (in months of prospective imports)

    5.5

    5.3

    5.2

    4.4

    3.7

    3.1

    2.9

    2.6

    Money and credit (percent change)

    Net domestic assets of depository corporations

    4.9

    12.1

    8.0

    6.4

    6.1

    Claims on private sector

    6.7

    7.5

    11.4

    10.0

    8.0

    Broad money (M3)

    5.1

    9.1

    6.6

    4.1

    4.1

    Monetary base

    15.8

    -4.0

    7.5

    3.6

    1.4

    Central Bank Policy rate (end of period)

    0.25

    0.25

    0.25

    Commercial banks deposits rate (end of period)

    0.4

    0.4

    0.3

    Commercial banks lending rate (end of period)

    5.2

    4.8

    4.6

    Memorandum items

    Exchange rate, average (FJD/USD)

    2.2

    2.3

    2.3

    Real effective exchange rate, average

    108.2

    106.4

    108.3

    GDP at current market prices (in millions of Fiji dollars)

    10,940

    12,245

    13,494

    14,286

    15,148

    16,130

    17,193

    18,342

    19,594

    GDP at current market prices (in millions of U.S. dollars)

    4,970

    5,442

    5,949

    6,257

    6,564

    6,913

    7,284

    7,674

    8,089

    GDP per capita (in U.S. dollars)

    5,450

    5,933

    6,447

    6,740

    7,030

    7,359

    7,707

    8,072

    8,508

    Sources: Reserve Bank of Fiji; Ministry of Finance; and IMF Staff Estimates and Projections.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

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

    https://www.imf.org/en/News/Articles/2025/06/20/pr-25208-fiji-imf-concludes-2025-article-iv-consultation

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Economics: Fiji: 2025 Article IV Consultation-Press Release; and Staff Report

    Source: International Monetary Fund

    Summary

    Economic recovery has continued, driven mainly by tourism. Inflation decelerated sharply in 2024 as the impact of the 2023 VAT hike faded. The fiscal stance was tightened, but monetary and financial conditions remain highly accommodative. Progress has been made in enhancing the business environment and addressing near-term constraints to growth, but significant structural challenges remain.

    MIL OSI Economics

  • MIL-OSI Asia-Pac: Xia Baolong meets business elites

    Source: Hong Kong Information Services

    CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong today met representatives of the commercial and financial sectors, and learnt about Hong Kong’s major tourism development projects.
     
    At an engagement session, Mr Xia interacted with representatives of Hong Kong’s commercial and financial sectors, including those from major chambers of commerce and enterprises.
     
    The session was also attended by Chief Executive John Lee, Financial Secretary Paul Chan, Deputy Financial Secretary Michael Wong, Secretary for Financial Services & the Treasury Christopher Hui and Acting Secretary for Commerce & Economic Development Bernard Chan.
     
    In the afternoon, Mr Xia visited Ocean Park in the company of Mr Lee, Secretary for Culture, Sports & Tourism Rosanna Law, Chairman of the Board of the Ocean Park Corporation (OPC) Paulo Pong and Chief Executive of the OPC Ivan Wong.
     
    Mr Xia took a boat trip to Lamma Island afterwards with Mr Lee, Mr Wong and Secretary for Development Bernadette Linn to gain an understanding of the ex-Lamma quarry site’s development plan. Mr Xia also received briefings en route on major tourism development projects.

    MIL OSI Asia Pacific News

  • MIL-OSI: 1 Hour Payday Loans With No Credit Check Guaranteed Approval – Money Mutual Launches New Offering for Borrowers with Instant Loan for Bad Credit in 2025

    Source: GlobeNewswire (MIL-OSI)

    Glendale, California, June 20, 2025 (GLOBE NEWSWIRE) — Money Mutual has introduced a new service to help people with urgent financial needs by offering 1-hour payday loans, no credit check, and guaranteed approval. This platform connects borrowers with licensed lenders who provide quick funding, even for those with low credit scores. As financial emergencies increase, Money Mutual makes it easier and safer for consumers to get fast access to the money they need.

    Higher Demand for 1-Hour Payday Loans with No Credit Check

    This year, more people are turning to small, short-term loans because of unexpected expenses like rising inflation, medical bills, and urgent payments. The demand for 1-hour payday loans with no credit check is growing because these loans offer quick and easy access to funds. 

    Many borrowers prefer payday loans online with instant approval to avoid long application processes and credit checks that could hurt their credit scores. Money Mutual’s platform helps by connecting borrowers with lenders who make fast decisions, easing financial pressure for many Americans.

    Key Features of Money Mutual’s 1-Hour Payday Loans with No Credit Check

    Money Mutual’s new service offers several features to make borrowing quick and secure. It connects borrowers with licensed direct lenders for fast approvals, no credit checks, and flexible loan amounts, making it perfect for those in need of emergency funds.

    • Quick Approval: Borrowers can get approved in minutes thanks to Money Mutual’s fast network of lenders.
    • No Credit Check: The platform connects borrowers with lenders who don’t perform hard credit checks, making it ideal for those with poor credit.
    • Flexible Loan Amounts: Money Mutual offers a range of loan options to meet individual financial needs.
    • Licensed Lenders: Money Mutual works only with licensed, trusted lenders, ensuring safe and reliable borrowing.

    CLICK HERE TO APPLY FOR 1 HOUR PAYDAY LOANS NO CREDIT CHECK

    How Money Mutual’s 1-Hour Payday Loans with No Credit Check Work

    Money Mutual’s process is simple, clear, and fast for those in need of quick funds. It connects borrowers with licensed direct lenders through an easy-to-use online platform, eliminating delays and complex paperwork.

    • Online Application: Borrowers fill out a secure digital form with basic personal and financial details to start the process.
    • Instant Lender Matching: Money Mutual quickly matches borrowers with appropriate lenders based on their information, often within minutes.
    • Loan Offer Review: Borrowers can review the loan terms from lenders before making any decisions, ensuring they understand the terms.
    • Electronic Fund Transfer: Once the loan is accepted, funds are transferred electronically, often within the same business day.

    Technology & Security Behind Money Mutual’s 1-Hour Payday Loans

    Money Mutual uses advanced encryption and secure servers to protect borrowers’ information during the application process. The platform follows data privacy rules and ensures transparency when sharing information with lenders. Its technology-driven system quickly matches borrowers with lenders while keeping their data safe.

    Eligibility Requirements for Payday Loans with No Credit Check

    If you’re considering Money Mutual’s 1-hour payday loans with no credit check, it’s important to know the basic eligibility requirements. Money Mutual ensures that borrowers meet these minimum standards before connecting them with licensed lenders, helping to support responsible borrowing and fast loan processing.

    • Minimum Age: Borrowers must be at least 18 years old to apply for a payday loan. This ensures compliance with legal requirements, and lenders verify age using official documents.
    • Proof of Income: Applicants need to show proof of income to confirm they can repay the loan. This could include recent pay stubs, bank statements, or benefits documentation.
    • Valid Bank Account: A checking or savings account in the borrower’s name is required to receive the loan and make repayments.
    • U.S. Residency: The loans are available only to U.S. residents. Applicants must confirm their residency status during the application to comply with federal and state laws.

    Benefits of Money Mutual’s 1-Hour Payday Loans with No Credit Check vs. Traditional Payday Loans

    More people are choosing Money Mutual’s online process for 1-hour payday loans with no credit check over traditional payday lending. Money Mutual connects borrowers with loans that offer guaranteed approval and fast funding, making it easier, quicker, and more transparent. Here’s why digital lending is changing short-term borrowing in 2025:

    • Faster Processing: Unlike traditional payday loan stores that require paperwork and in-person visits, Money Mutual offers quick online applications with instant approval. Borrowers can apply in minutes and get matched with lenders almost immediately.
    • Clearer Loan Terms: Traditional payday lenders sometimes don’t fully explain the loan terms. Money Mutual lets borrowers see the full details, including repayment schedules and APRs, before they agree to the loan. This helps borrowers make informed choices.
    • Easy Access from Anywhere: With Money Mutual, borrowers can apply for loans from any device, eliminating the need to visit a physical location. This makes it more convenient for people with busy schedules or urgent expenses.
    • Larger Network of Lenders: Money Mutual works with many licensed lenders, increasing the chances of approval and giving borrowers the opportunity to compare offers for better terms.

    CHECK OUT 1-HOUR PAYDAY LOAN OPTIONS WITH NO CREDIT CHECK

    How Money Mutual Connects Borrowers with Licensed Payday Lenders?

    Money Mutual makes it easy for borrowers to get 1-hour payday loans with no credit check by connecting them with licensed direct lenders across the country. The platform ensures that borrowers are matched quickly, securely, and in line with all regulations.

    • Digital Lender Network: Money Mutual works with a network of licensed lenders offering no credit check payday loans. This allows borrowers to compare multiple loan offers at once, increasing their chances of approval and helping them find loans that fit their needs.
    • Automated Screening: The platform uses automated technology to match borrowers with the right lenders for their loan requests. This speeds up the process and reduces errors.
    • Secure Information Sharing: Borrower details are safely sent to lenders using encrypted methods, ensuring their personal information is protected throughout the application process.
    • Easy Communication: Money Mutual allows borrowers to communicate directly with lenders online, making it simple to review, ask questions, and accept loan terms without having to visit a physical office.

    Conclusion

    In conclusion, Money Mutual is revolutionizing the payday loan process by offering a fast and secure way for borrowers to access 1-hour payday loans with no credit check. Through its digital platform, Money Mutual connects applicants with licensed lenders, allowing for quick approvals and hassle-free applications. 

    This streamlined approach eliminates the need for lengthy paperwork or in-person visits, making it an ideal solution for those in urgent financial situations. By prioritizing transparency and security, Money Mutual ensures that borrowers can make informed decisions with confidence. 

    The platform’s automated technology, secure information handling, and a wide network of lenders provide a convenient and reliable way to secure quick financial support. With Money Mutual, borrowers can access the funds they need when they need them, all while keeping the process simple and secure.

    FAQs

    1. What is the easiest cash loan to get approved for?
      • The easiest cash loans to get approved for are typically payday loans or personal loans with no credit check. These loans often have fast approval processes but come with higher fees and interest rates.
    2. Is Salad Money a payday loan?
      • No, Salad Money is not a traditional payday loan. It provides short-term, no-interest loans for people in need, primarily focused on helping individuals with low or no credit.
    3. How to borrow $500 immediately?
      • You can borrow $500 immediately through payday loans, personal loans from online lenders, or by using a credit card if available. Many lenders offer fast approval for these amounts, but fees and interest rates may apply.
    4. How can I get $1000 today?
      • To get $1000 today, you can consider payday loans, pawnshop loans, or request a cash advance from your credit card. Be mindful of high fees and interest rates with these options.
    5. What is a hardship loan?
      •  A hardship loan is a loan offered to individuals facing financial difficulties, such as medical emergencies or job loss. These loans often have more lenient terms to help borrowers manage through tough times.

    Disclaimer:
    Money Mutual is not a lender and does not make loan decisions. Loan approval is subject to the lender’s terms and conditions, including income verification and eligibility. Loan amounts, fees, and repayment terms may vary based on the lender’s policies. Emergency loan bad credit guaranteed approval, no credit check loans guaranteed approval, and other offers are available based on individual circumstances and lender requirements. Approval is not guaranteed and may depend on various factors, including your income and financial history. Always review loan terms before accepting any offer.

    Mail: customerservice@moneymutual.com

    Brand website: https://moneymutual.com/
    Project name: Money Mutual
    Address: 2510 E. Sunset Rd.
    Ste 6, #85
    Las Vegas NV, 89120
    Postal code: 89120
    Media Contact:
    Full Name – Chloe Simon
    Company website: https://moneymutual.com/
    Email: customerservice@moneymutual.com

    ===================================

    Contact Us For Advertising – rajneesh08verma@gmail.com

    Attachment

    The MIL Network

  • MIL-OSI USA News: Service Workers Rally Behind President Trump’s NO TAX ON TIPS

    Source: US Whitehouse

    Hourly workers in the service, hospitality, and retail industries overwhelmingly back President Donald J. Trump’s bold NO TAX ON TIPS plan in the One Big Beautiful Bill, according to a new survey — saying tax-free tips would bring them needed financial stability and relief.

    In fact, 83% of hourly workers want to see NO TAX ON TIPS become law — with just four percent saying otherwise: “These results suggest that any measure increasing the amount of immediately available income — such as untaxed tips — would provide meaningful, stabilizing support for a large segment of the hourly workforce,” the report says.

    As one Nevada food service worker put it: “I don’t know what the holdup is. I don’t know what the politics are, but if we can cut the BS now … it can help out a lot of people.”

    The NO TAX ON TIPS plan is just one aspect of President Trump’s Day One commitment to deliver relief to Americans ravaged by years of Bidenflation. In his first five months, President Trump has overseen the largest increase in blue-collar wage growth in 60 years, lower costs, and explosive job growth for native-born Americans.

    That progress will be supercharged by the One Big Beautiful Bill, which will deliver the largest tax cut in history for working and middle-class Americans, tax cuts for seniors, No Tax on Overtime, and much more.

    MIL OSI USA News

  • MIL-OSI USA: Making Sense of Financial Professional Designations: Investor Bulletin

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission’s (SEC) Office of Investor Education and Advocacy, the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) are issuing this Investor Bulletin to help investors better understand the designations financial professionals use.

    MIL OSI USA News

  • MIL-OSI: Global Economic Shifts in Focus as Madrid Professor Addresses SPIEF 2025 Opening Session

    Source: GlobeNewswire (MIL-OSI)

    MOSCOW, RUSSIA, June 20, 2025 (GLOBE NEWSWIRE) — The St. Petersburg International Economic Forum (SPIEF) 2025, held in Russia from June 18 to 21, began with a high-level session titled *”Shaping a New Platform for Global Growth.”* The session marked the presentation of the final report from the International Open Dialogue of the Russia National Centre and featured expert insights into global economic and geopolitical shifts. Among the key speakers was Juan Antonio de Castro de Arespacochaga, a doctor of economics and professor at Complutense University of Madrid, who addressed the evolving role of the global majority in transforming international systems.

    The session was dedicated to the current challenges of modernity: economic and political fragmentation, demographic changes, the consequences of breakthrough technology implementation, and social and technological gaps within and between countries.

    A speaker from Spain, Juan Antonio de Castro de Arespacochaga, a doctor of economics and professor at Complutense University of Madrid, delivered a report on how the global majority of countries are changing reality.

    “Today, most countries are not just participating in global processes—they are changing reality. We see how an increasingly flexible and multipolar world order is forming. World trade is becoming fragmented, fast, and technological, while the international system is becoming a network of preferential agreements, which distorts the principles laid down in the foundation of GATT and WTO,” noted Juan Antonio de Castro de Arespacochaga.

    In his opinion, the world is becoming increasingly fragmented and unpredictable—this applies to politics and economics.

    “The international trade architecture is breaking down into nodes and blocks, which requires new approaches. We must be able to respond to these challenges, understanding that the old rules no longer work in the new dynamics,” emphasised Juan Antonio de Castro de Arespacochaga.

    “It is important to conduct an open dialogue about how we build the world of the future and form a new platform for global growth. In which countries will this global growth occur, on which technologies will it be built, and on which principles and cultural code? Our task is to ensure that forward movement benefits people in all countries that, like Russia, are working on the future. It is through open dialogue that our future and its understanding are built,” noted Maxim Oreshkin.

    At the session organised by the National Centre, speakers discussed, among other things, the report on the results of the Open Dialogue prepared by the Centre for Cross-Industry Expertise “Third Rome.” Key issues included factors shaping the new economic wave, technologies driving economic development, and ways to achieve human well-being.

    The session “Shaping a New Platform for Global Growth” results became the foundation for the subsequent business program of SPIEF-2025. The session recording can be viewed on the Russia National Centre website.

    Social Links

    https://t.me/gowithrussia

    https://vk.com/gowithrussia

    https://ok.ru/gowithrussia

    https://dzen.ru/gowithrussia

    Contact for the media

    Brand: Russia National Centre

    Contact: Media team

    Email: Pressa@russia.ru

    Website: https://russia.ru

    The MIL Network

  • MIL-OSI: Global Economic Shifts in Focus as Madrid Professor Addresses SPIEF 2025 Opening Session

    Source: GlobeNewswire (MIL-OSI)

    MOSCOW, RUSSIA, June 20, 2025 (GLOBE NEWSWIRE) — The St. Petersburg International Economic Forum (SPIEF) 2025, held in Russia from June 18 to 21, began with a high-level session titled *”Shaping a New Platform for Global Growth.”* The session marked the presentation of the final report from the International Open Dialogue of the Russia National Centre and featured expert insights into global economic and geopolitical shifts. Among the key speakers was Juan Antonio de Castro de Arespacochaga, a doctor of economics and professor at Complutense University of Madrid, who addressed the evolving role of the global majority in transforming international systems.

    The session was dedicated to the current challenges of modernity: economic and political fragmentation, demographic changes, the consequences of breakthrough technology implementation, and social and technological gaps within and between countries.

    A speaker from Spain, Juan Antonio de Castro de Arespacochaga, a doctor of economics and professor at Complutense University of Madrid, delivered a report on how the global majority of countries are changing reality.

    “Today, most countries are not just participating in global processes—they are changing reality. We see how an increasingly flexible and multipolar world order is forming. World trade is becoming fragmented, fast, and technological, while the international system is becoming a network of preferential agreements, which distorts the principles laid down in the foundation of GATT and WTO,” noted Juan Antonio de Castro de Arespacochaga.

    In his opinion, the world is becoming increasingly fragmented and unpredictable—this applies to politics and economics.

    “The international trade architecture is breaking down into nodes and blocks, which requires new approaches. We must be able to respond to these challenges, understanding that the old rules no longer work in the new dynamics,” emphasised Juan Antonio de Castro de Arespacochaga.

    “It is important to conduct an open dialogue about how we build the world of the future and form a new platform for global growth. In which countries will this global growth occur, on which technologies will it be built, and on which principles and cultural code? Our task is to ensure that forward movement benefits people in all countries that, like Russia, are working on the future. It is through open dialogue that our future and its understanding are built,” noted Maxim Oreshkin.

    At the session organised by the National Centre, speakers discussed, among other things, the report on the results of the Open Dialogue prepared by the Centre for Cross-Industry Expertise “Third Rome.” Key issues included factors shaping the new economic wave, technologies driving economic development, and ways to achieve human well-being.

    The session “Shaping a New Platform for Global Growth” results became the foundation for the subsequent business program of SPIEF-2025. The session recording can be viewed on the Russia National Centre website.

    Social Links

    https://t.me/gowithrussia

    https://vk.com/gowithrussia

    https://ok.ru/gowithrussia

    https://dzen.ru/gowithrussia

    Contact for the media

    Brand: Russia National Centre

    Contact: Media team

    Email: Pressa@russia.ru

    Website: https://russia.ru

    The MIL Network

  • MIL-OSI Economics: Review of Priority Sector Lending norms – Small Finance Banks

    Source: Reserve Bank of India

    RBI/2025-26/61
    DOR.LIC.REC.36/16.13.218/2025-26

    June 20, 2025

    All Small Finance Banks

    Madam/ Dear Sir,

    Review of Priority Sector Lending norms – Small Finance Banks

    Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by Reserve Bank on December 5, 2019. In terms of paragraph II (9) of the aforesaid Licensing Guidelines, a small finance bank (SFB) is required to extend 75 per cent of its Adjusted Net Bank Credit (ANBC) to the sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank. Further, while 40 per cent of its ANBC should be allocated to different sub-sectors under PSL as per the extant PSL prescriptions, the bank can allocate the balance 35 per cent to any one or more sub-sectors under the PSL where it has competitive advantage.

    Revised provisions

    2. On a review, it has been decided that financial year 2025-26 onwards, the additional component (35 per cent) of PSL shall be reduced to 20 per cent, thereby making the overall PSL target as 60 per cent of ANBC or Credit Equivalent of Off-Balance Sheet Exposures (CEOBE), whichever is higher. The SFB shall continue to allocate 40 per cent of its ANBC or CEOBE, whichever is higher, to different sub-sectors under PSL as per the extant PSL prescriptions, while the balance 20 per cent shall be allocated to any one or more sub-sectors under the PSL where the bank has competitive advantage.

    3. These instructions are issued in exercise of the powers conferred on the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949.

    Yours faithfully,

    (Manoranjan Padhy)
    Chief General Manager

    MIL OSI Economics

  • MIL-OSI Economics: ASEAN and India reaffirm commitment to strengthen Comprehensive Strategic Partnership

    Source: ASEAN – Association of SouthEast Asian Nations

    JAKARTA, 20 June 2025 – The Committee of Permanent Representatives to ASEAN held an informal meeting with Secretary (East) of the Ministry of External Affairs of India, P. Kumaran, today at the ASEAN Headquarters/ASEAN Secretariat. The Meeting exchanged views on the progress of ASEAN-India Comprehensive Strategic Partnership (CSP).
     
    The Meeting took note of the substantive, meaningful and mutually beneficial ASEAN-India CSP, and highlighted the progress of cooperation across various sectors.  Both sides reaffirmed their commitment to further strengthening the CSP through various frameworks of cooperation and commended the substantial progress in implementing the Plan of Action to Implement the ASEAN-India Partnership for Peace, Progress and Shared Prosperity (POA) 2021-2025 and its Annex. The Meeting looked forward to the adoption of the succeeding POA that will guide both sides in realising the full potential of ASEAN-India CSP over the next five years, with a view to bringing tangible benefits to the people of both sides.
     
    Looking ahead, the Meeting agreed to continue their close engagement and consultations to further advance the ASEAN-India CSP, and looked forward to explore opportunities to further enhance collaboration in areas of mutual interest such as defence; maritime; combatting transnational crimes; cybersecurity, trade and investment; agriculture; science and technology, including space technology; connectivity, including land, air, sea and people-to-people connectivity; digital economy and infrastructure; artificial intelligence; tourism; culture; health; education; youth; sustainable development; renewable energy; climate change; disaster management; capacity-building initiatives; and people-to-people exchanges.
     
    ****
     

    MIL OSI Economics

  • MIL-OSI Europe: OSCE enhances Moldovan police units’ K9 capabilities

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE enhances Moldovan police units’ K9 capabilities

    K9 specialized vehicles donated by OSCE to Moldova’s General Police Inspectorate (GPI), 19 June 2025. (OSCE) Photo details

    The OSCE supported Moldova’s General Police Inspectorate (GPI) in adopting a revised regulation to improve the governance of its K9 Directorate and upgrading its K9 capacities through the donation of two specialized vehicles and training equipment.
    The recently updated regulation on K9 activities introduces unified standards for the operational deployment of detector dogs as well as their reproduction, acquisition, and training across specialized and territorial units. The revision brings national practices in line with international standards and good practices.
    These activities were part of the implementation of a master plan (2025–2028) developed with OSCE support and adopted by the GPI in March 2025. It provides a structured roadmap for expanding and professionalizing Moldova’s K9 capabilities, which play a vital role in law enforcement operations and public safety.
    “The two donated specialized vehicles, along with the flashlights, safety glasses, training gear, protective equipment, narcotics detection kit, scent carousel, full protective suits, trial sleeves, and training balls, will greatly enhance the Moldovan Police’s capacity to detect and combat crime,” said Viorel Cernăuțeanu, the Head of the General Police Inspectorate.
    These initiatives are part of the OSCE’s extrabudgetary project “Support to the Law Enforcement Agencies in Moldova in Response to the Security Challenges in the Region”, implemented jointly by the OSCE Secretariat’s Transnational Threats Department and the Conflict Prevention Centre. The project is made possible through financial contributions from France, Germany, Poland, the United Kingdom, and the United States.

    MIL OSI Europe News

  • MIL-OSI Europe: OSCE enhances Moldovan police units’ K9 capabilities

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE enhances Moldovan police units’ K9 capabilities

    K9 specialized vehicles donated by OSCE to Moldova’s General Police Inspectorate (GPI), 19 June 2025. (OSCE) Photo details

    The OSCE supported Moldova’s General Police Inspectorate (GPI) in adopting a revised regulation to improve the governance of its K9 Directorate and upgrading its K9 capacities through the donation of two specialized vehicles and training equipment.
    The recently updated regulation on K9 activities introduces unified standards for the operational deployment of detector dogs as well as their reproduction, acquisition, and training across specialized and territorial units. The revision brings national practices in line with international standards and good practices.
    These activities were part of the implementation of a master plan (2025–2028) developed with OSCE support and adopted by the GPI in March 2025. It provides a structured roadmap for expanding and professionalizing Moldova’s K9 capabilities, which play a vital role in law enforcement operations and public safety.
    “The two donated specialized vehicles, along with the flashlights, safety glasses, training gear, protective equipment, narcotics detection kit, scent carousel, full protective suits, trial sleeves, and training balls, will greatly enhance the Moldovan Police’s capacity to detect and combat crime,” said Viorel Cernăuțeanu, the Head of the General Police Inspectorate.
    These initiatives are part of the OSCE’s extrabudgetary project “Support to the Law Enforcement Agencies in Moldova in Response to the Security Challenges in the Region”, implemented jointly by the OSCE Secretariat’s Transnational Threats Department and the Conflict Prevention Centre. The project is made possible through financial contributions from France, Germany, Poland, the United Kingdom, and the United States.

    MIL OSI Europe News

  • MIL-OSI: Maximize Your Crypto Gains: 100x Leverage, $50 Bonus, Double Deposit Bonus & No KYC – Only on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 20, 2025 (GLOBE NEWSWIRE) — Bitcoin has firmly maintained a price above $100,000, signaling that the crypto bull market is still going strong. As market volatility continues, savvy investors are eager to capitalize on the ongoing bullish trend. To help traders make the most of this opportunity, BexBack is launching an exciting promotion that includes a 100% deposit bonus, 100x leverage, and no KYC requirements for crypto futures trading.

    What Is the 100% Deposit Bonus and How Does It Work?

    The 100% deposit bonus is an exclusive offer that doubles your trading capital. For example, if you deposit 1 BTC, you’ll receive an additional 1 BTC, giving you a total of 2 BTC to trade. While the bonus itself is non-withdrawable, it can be used as margin for trading. This allows you to open larger positions and maximize potential profits without risking more of your initial investment. Moreover, any profits made from trading with the bonus are fully withdrawable.

    Why Use 100x Leverage for Crypto Futures Trading?

    100x leverage offers traders the ability to control larger positions with a smaller amount of capital. For example, if Bitcoin is priced at $100,000, with 100x leverage, a $1,000 investment would allow you to control a $100,000 position. This amplifies both profits and risks. However, when managed properly, 100x leverage can significantly increase profit potential, especially during volatile market conditions. It’s a powerful tool for experienced traders looking to capitalize on both rising and falling markets.

    Why Choose BexBack for Crypto Futures Trading?

    BexBack stands out for its user-centric approach to crypto trading, offering no KYC requirements, so users can start trading instantly without lengthy identity verification processes. With up to 100x leverage on over 50 major cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, and XRP, BexBack provides traders with exceptional opportunities to maximize their capital and take advantage of the crypto bull run.

    Additional BexBack Benefits:

    • 24/7 Customer Support: BexBack provides round-the-clock support to assist users with their trading needs.
    • No Deposit Fees: Make deposits without incurring any fees, making your trading experience seamless and cost-effective.
    • Multiple Trading Pairs: Access a wide range of trading pairs to diversify your portfolio and find the best opportunities.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering advanced features for both novice and experienced traders. With its user-friendly interface, 100x leverage, and no KYC policy, BexBack is designed to meet the needs of today’s crypto traders. Headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack is trusted by over 500,000 traders worldwide. The platform also holds a US MSB (Money Services Business) license, ensuring regulatory compliance and security for its users.

    How to Start Trading on BexBack?

    Getting started with BexBack is quick and easy. Simply:

    1. Register in 30 seconds: Sign up using your email address.
    2. Make a deposit: Deposit BTC, USDT, or other cryptocurrencies into your account.
    3. Enjoy your bonuses: Instantly qualify for the 100% deposit bonus and enjoy the benefits of 100x leverage on crypto futures trading, all without needing to complete KYC.

    With BexBack’s double deposit bonus, no KYC, and 100x leverage, you can start trading crypto futures and make the most of the ongoing bull market with minimal hassle and maximum potential.

    Take Action Now

    If you missed the previous crypto bull run, this is your chance to seize the opportunity. Sign up on BexBack today, claim your exclusive bonus, and start trading with 100x leverage to accumulate more BTC and other cryptocurrencies.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/61a73b2d-37e1-4557-85c0-c16e3cae9059

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f081e458-3767-42e1-97a4-c7db8bea6020

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3dfa57ba-3df2-4244-9649-281c7fa83273

    https://www.globenewswire.com/NewsRoom/AttachmentNg/51b5f115-6d5e-43c5-88da-0333b6867b35

    The MIL Network

  • MIL-OSI: Maximize Your Crypto Gains: 100x Leverage, $50 Bonus, Double Deposit Bonus & No KYC – Only on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 20, 2025 (GLOBE NEWSWIRE) — Bitcoin has firmly maintained a price above $100,000, signaling that the crypto bull market is still going strong. As market volatility continues, savvy investors are eager to capitalize on the ongoing bullish trend. To help traders make the most of this opportunity, BexBack is launching an exciting promotion that includes a 100% deposit bonus, 100x leverage, and no KYC requirements for crypto futures trading.

    What Is the 100% Deposit Bonus and How Does It Work?

    The 100% deposit bonus is an exclusive offer that doubles your trading capital. For example, if you deposit 1 BTC, you’ll receive an additional 1 BTC, giving you a total of 2 BTC to trade. While the bonus itself is non-withdrawable, it can be used as margin for trading. This allows you to open larger positions and maximize potential profits without risking more of your initial investment. Moreover, any profits made from trading with the bonus are fully withdrawable.

    Why Use 100x Leverage for Crypto Futures Trading?

    100x leverage offers traders the ability to control larger positions with a smaller amount of capital. For example, if Bitcoin is priced at $100,000, with 100x leverage, a $1,000 investment would allow you to control a $100,000 position. This amplifies both profits and risks. However, when managed properly, 100x leverage can significantly increase profit potential, especially during volatile market conditions. It’s a powerful tool for experienced traders looking to capitalize on both rising and falling markets.

    Why Choose BexBack for Crypto Futures Trading?

    BexBack stands out for its user-centric approach to crypto trading, offering no KYC requirements, so users can start trading instantly without lengthy identity verification processes. With up to 100x leverage on over 50 major cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, and XRP, BexBack provides traders with exceptional opportunities to maximize their capital and take advantage of the crypto bull run.

    Additional BexBack Benefits:

    • 24/7 Customer Support: BexBack provides round-the-clock support to assist users with their trading needs.
    • No Deposit Fees: Make deposits without incurring any fees, making your trading experience seamless and cost-effective.
    • Multiple Trading Pairs: Access a wide range of trading pairs to diversify your portfolio and find the best opportunities.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering advanced features for both novice and experienced traders. With its user-friendly interface, 100x leverage, and no KYC policy, BexBack is designed to meet the needs of today’s crypto traders. Headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack is trusted by over 500,000 traders worldwide. The platform also holds a US MSB (Money Services Business) license, ensuring regulatory compliance and security for its users.

    How to Start Trading on BexBack?

    Getting started with BexBack is quick and easy. Simply:

    1. Register in 30 seconds: Sign up using your email address.
    2. Make a deposit: Deposit BTC, USDT, or other cryptocurrencies into your account.
    3. Enjoy your bonuses: Instantly qualify for the 100% deposit bonus and enjoy the benefits of 100x leverage on crypto futures trading, all without needing to complete KYC.

    With BexBack’s double deposit bonus, no KYC, and 100x leverage, you can start trading crypto futures and make the most of the ongoing bull market with minimal hassle and maximum potential.

    Take Action Now

    If you missed the previous crypto bull run, this is your chance to seize the opportunity. Sign up on BexBack today, claim your exclusive bonus, and start trading with 100x leverage to accumulate more BTC and other cryptocurrencies.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/61a73b2d-37e1-4557-85c0-c16e3cae9059

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f081e458-3767-42e1-97a4-c7db8bea6020

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3dfa57ba-3df2-4244-9649-281c7fa83273

    https://www.globenewswire.com/NewsRoom/AttachmentNg/51b5f115-6d5e-43c5-88da-0333b6867b35

    The MIL Network

  • MIL-OSI Global: Why Elon Musk’s US$34 billion loss wasn’t really that – and what it tells us about the philanthropy of the ultra-wealthy

    Source: The Conversation – UK – By Tobias Jung, Professor of Management, University of St Andrews

    Photo Agency/Shutterstock

    Following a sharp drop in Tesla’s share price, outlets reported that the world’s richest person, Elon Musk, had “lost” US$34 billion (£25 billion) in a single day. That figure exceeds the annual GDP of countries like Iceland, Jamaica or Mauritius. Gaining or losing even 0.001% of that wealth would be life-changing for most people.

    But, this “loss” is entirely nominal. A decline in share prices means Musk is technically worth less. If prices rebound, so does his net worth.

    While such volatility can devastate smaller investors reliant on their portfolios, it is a recurring feature of ultra-wealth. Consider the US$100 billion decline in Meta CEO Mark Zuckerberg’s fortune during his Metaverse pivot, or the US$18 billion drop Microsoft founder Bill Gates experienced during the 2008 financial crisis.

    These share price shifts may reduce billionaires’ net worth on paper, but they rarely affect their lifestyle. Where they do matter however is in philanthropy. Here, timing is everything. The higher the share price at the point of donation, the greater the tax benefit, and the more reputational capital to be locked in.

    This raises deeper questions about how philanthropic incentives are structured, and who ultimately benefits.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    Although philanthropy is often associated with generosity, legacy or moral responsibility, these are only part of the picture. This is particularly true when it comes to major giving by the ultra-wealthy.

    Instead, from a wealth advisory perspective, one of the most strategically valuable (yet less publicly discussed) motivations is tax management. And, while many assume that philanthropy means donating money, tax systems often encourage the donation of appreciated assets, particularly shares, instead.

    As a worked example by the Bank of America illustrates, a US$50,000 donation in appreciated stock might easily present a tax benefit of almost US$10,000 over and above the tax benefits of donating the same amount in cash.

    Why is that? First of all, there is the potential of a tax deduction equal to the fair market value at the point of donation. The value of the asset at the point of donation is important for your tax deduction, not what you actually paid for it or whether its value is going to plunge in future.

    On top of that, there are opportunities to reduce other taxes too. This includes capital gains or inheritance taxes, the latter illustrated in the establishment of one of the world’s largest foundations, the Ford Foundation and its use as a vehicle to manage both inheritance tax and maintain corporate control.

    But the benefits of donating shares and other appreciated assets are not just financial. For high-profile donors, philanthropy also serves as a powerful tool for shaping public perceptions, projecting images of civic virtue, moral leadership, and social responsibility. It allows them to convert one form of capital, such as financial wealth, into others – social status, cultural influence or symbolic legitimacy.

    Converting capital into cultural influence: Carnegie Hall in New York was funded by industrialist Andrew Carnegie.
    Victoria Lipov/Shutterstock

    Volatile, appreciated and often bound-up assets can be unlocked and transformed into something far more enduring – a philanthropic legacy. Even if share prices plunge after the donation, the donor has already secured both a substantial tax benefit and a lasting philanthropic image.

    Tax management is a longstanding concern in philanthropy, particularly in relation to philanthropic foundations. But it really is donor advised funds (DAFs) that now warrant closer scrutiny as the real “warehouses of wealth”. Constituting one of the fastest-growing vehicles for philanthropy, DAFs act as “giving accounts”. They allow donors to claim charitable contributions and receive immediate tax deductions but without actually making an immediate charitable contribution to society.

    While donors technically give up ownership of these assets, they retain advisory privileges over whether and when resources are granted, to whom, and in what amounts. DAFs have no legal requirement to disburse funds within a specific timeframe. That means that any charitable spending can be delayed, potentially indefinitely, despite the upfront public subsidy via tax relief.

    Time for reform?

    All of these issues raise serious questions as to whether philanthropic architecture is ripe for reform. When donors can receive substantial tax and social benefits by donating volatile assets, regardless of whether or when they benefit the public, it seems that both society and the philanthropy field are shortchanged.

    First, significant resources are diverted from the public purse into privately controlled channels, often with limited oversight. Second, charitable giving is decoupled from charitable action or impact. Third, influence is consolidated – decisions about how public-subsidised funds are used are made not through democratic processes, but through private choice.

    The most corrosive effect, however, may be on philanthropy itself. As financial incentives and personal benefits are recast and presented as altruistic, the perception, purposes and potential of philanthropy for the public good risk being eroded and replaced by cynicism.

    This brings us back to Musk’s US$34 billion “loss”. While headlines framed it as a dramatic reversal of fortune, the real story lies not in the number but in the system behind it. For those whose wealth is held in stock, market volatility presents a tool for tax planning, image-making, strategic giving and long-term influence. What looks like loss may in fact be leverage.

    Tobias Jung 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. Why Elon Musk’s US$34 billion loss wasn’t really that – and what it tells us about the philanthropy of the ultra-wealthy – https://theconversation.com/why-elon-musks-us-34-billion-loss-wasnt-really-that-and-what-it-tells-us-about-the-philanthropy-of-the-ultra-wealthy-259176

    MIL OSI – Global Reports

  • MIL-OSI Europe: ECOFIN endorses European Commission’s positive assessment of technical revision of Italy’s NRRP

    Source: Government of Italy (English)

    20 Giugno 2025

    This morning’s ECOFIN endorsed the European Commission’s positive assessment of the technical revision of Italy’s National Recovery and Resilience Plan (NRRP), enabling the Government to continue fully implementing the Plan and achieving the objectives for the final three instalments.

    In addition to amendments for objectively changed circumstances and formal corrections, the technical revision also implements investments to develop the circular economy for waste and to incentivise the purchase of low environmental impact cars, for a total amount equal to EUR 1.2 billion.

    The coming days will be particularly important for implementation of the NRRP, with a steering committee meeting to be held on 24 June to assess achievement of the forty milestones and targets for the eighth instalment, with technical working groups planned for the European Commission’s visit and with payment of the seventh instalment, which will enable Italy to confirm its leading position in Europe in terms of its Plan’s progress and, in terms of performance, to reach 54% of the planned goals, 18% higher than the European average of 36%.

    MIL OSI Europe News

  • MIL-OSI Canada: Protecting Canadian Labour: Replacement Workers Legislation now in Force

    Source: Government of Canada News (2)

    June 20, 2025              Gatineau, Quebec              Employment and Social Development Canada

    As of today, Bill C-58, An Act to amend the Canada Labour Code and the Canada Industrial Relations Board Regulations, 2012, came into force. This legislation strengthens protections for Canadian workers – because they are the foundation of Canada’s ambition.

    What we heard is that the use of replacement workers compromises the fundamental right to strike; it can tip the scales, derail good faith bargaining, and heighten tensions. That is why the Government of Canada introduced and passed Bill C-58. Starting today, the use of replacement workers to do the work of unionized employees who are on strike or locked out is prohibited in federally regulated workplaces, allowing parties to stay focused on reaching fair, negotiated deals.

    Changes have also been made to improve the maintenance of activities process. Employers and unions must now come to an agreement within 15 days after notice to bargain is issued to determine what work needs to continue to protect the health and safety of the public during a work stoppage. If they cannot agree, the Canada Industrial Relations Board will decide what activities need to be maintained, if any.

    A strong economy depends on stable labour relations. These amendments to the Canada Labour Code will improve labour relations, protect workers’ right to strike, limit interruptions to collective bargaining and provide greater stability to the economy during federal labour disputes.

    At the heart of the Government’s vision is collaboration – and we thank the unions, stakeholders, workers and partners for their work on this bill – to make sure Canada has the skilled talent and support to meet the needs of this critical moment.

    MIL OSI Canada News

  • MIL-OSI USA: Riverside County Woman Sentenced to 7 Years in Prison for Running $1.7 Million COVID-19 Benefits Fraud She Advertised on Instagram

    Source: United States Small Business Administration

    Click Here to Sign Up for SBA OIG Email Updates on Recent Investigative Cases, Audit Oversight Reports, and General News

    Click Here to View the Original U.S. Department of Justice (DOJ) Press Release


    An Inland Empire woman was sentenced today to 84 months in federal prison for fraudulently obtaining $1.7 million in COVID-19 pandemic-related jobless benefits, federally-guaranteed small business loans, California Small Business COVID-19 relief grants, and Los Angeles County economic opportunity grants.

    Jasmine Unique Mallard-McCarter, 30, a.k.a. “JassyMC,” of Eastvale, was sentenced by United States District Judge Maame Ewusi-Mensah Frimpong, who also ordered her to pay $1,765,407 in restitution.

    McCarter pleaded guilty on February 28 to one count of conspiracy to commit wire fraud.

    McCarter impersonated others to apply online for government benefits that she used for herself. McCarter also used the personal identifying information provided by her co-conspirators to apply for government benefits on their behalf, knowing those co-conspirators were not eligible for those benefits.

    McCarter charged fees to instruct others how to apply for government benefits for which they were not eligible without getting caught. Also, for a fee, McCarter served as a broker for counterfeit documents, such as Social Security cards, driver’s licenses, IRS Forms 1040, W-2s, bank statements, education degrees and transcripts, pay stubs, and doctors’ notes for handicapped placards. In some instances, the McCarter and her co-conspirators used the counterfeit documents to trick the government into paying unjustified benefits.

    McCarter advertised her fraud services on Instragram, using handles “JassyMc” and “EliteRealEstateandBusiness.” McCarter referred to herself as the “Jass of All Trades” in social media posts, because she could file fraudulent unemployment insurance applications, file grant applications, and broker counterfeit documents and identification in return for a fee.

    According to McCarter’s Instagram posts, she charged a fee for introducing customers to her connection at the California Department of Motor Vehicles, who could help bypass requirements for smog checks, insurance, and registration.

    The U.S. Department of Labor – Office of Inspector General, Employee Development Department Investigations Division, U.S. Small Business Administration – Office of Inspector General, U.S. Department of Homeland Security – Office of Inspector General, FBI, Homeland Security Investigations, and United States Secret Service investigated this matter.

    Assistant United States Attorney Andrew Brown of the Major Frauds Section prosecuted this case.

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

    On September 15, 2022, the Attorney General selected the U.S. Attorney’s Offices for the Central and Eastern Districts of California to jointly head one of the three national COVID-19 Fraud Strike Force Teams. The Department of Justice established the Strike Force to enhance existing efforts to combat and prevent COVID-19 related financial fraud. The Strike Force combines law enforcement and prosecutorial resources and focuses on large-scale, multistate pandemic relief fraud perpetrated by criminal organizations and transnational actors, as well as those who committed instances of pandemic relief fraud. The Strike Force uses prosecutor-led and data analyst-driven teams to identify and bring to justice those who stole pandemic relief funds. Additional information regarding the Strike Force may be found at https://www.justice.gov/opa/pr/justice-department-announces-covid-19-fraud-strike-force-teams.

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

    MIL OSI USA News

  • MIL-OSI USA: Impact of the ‘Big Ugly Bill’ on Food Security

    Source: US State of New York

    overnor Kathy Hochul today sounded the alarm on how the Republican budget reconciliation bill will affect the nation’s largest food assistance program, the Supplemental Nutrition Assistance Program (SNAP), undermining a program that millions of New Yorkers rely on to put food on the table every single day. Estimates indicate the reconciliation bill would shift exorbitant costs to states across the country, including New York, where up to an additional $2.1 billion annually would be forced on State and local county governments.

    “Every New Yorker deserves to eat every day – plain and simple.” Governor Hochul said. “I’m calling on our congressional leaders to join me and step up to the plate to protect the SNAP funding that families with children, seniors, New Yorkers with disabilities, local farmers, and shop owners rely on to survive.”

    The Supplemental Nutrition Assistance Program (SNAP) is a federally funded program overseen by the Office of Temporary and Disability Assistance and administered by local departments of social services. In New York, SNAP helps over 1.7 million households and 2.9 million recipients – most of whom are children, older adults or disabled – afford the cost of purchasing healthy, nutritious food. SNAP benefits are already relatively modest, with an average benefit of $7 per day, but this support is a vital lifeline for households. Over 14 percent of New York’s population, or 1 out of every 7 New Yorkers, relies on SNAP. As a result, SNAP is New York’s most effective tool in combating hunger and food insecurity, which are core priorities of Governor Hochul’s administration.

    In addition to supporting individuals and families and fighting hunger, SNAP also provides vital support to local economies. The U.S. Department of Agriculture’s (USDA) own research has shown that investments in SNAP have significant multiplier effects, with every SNAP dollar generating $1.54 in economic activity as recipients spend their benefits in communities, including at grocery stores, farmers markets, small businesses, and more. A total of approximately $7.8 billion in SNAP benefits are issued annually in New York, which means $12 billion in economic activity is generated annually across the state, in urban, suburban, and rural areas alike.

    New York State Office of Temporary and Disability Assistance Commissioner, and Child Poverty Reduction Advisory Council (CPRAC) Co-Chair Barbara C. Guinn said, “The cuts and policy changes proposed by Congress to SNAP would weaken the program and make it harder for low-income families in New York to afford groceries, worsening food insecurity and economic hardship in communities across our state. These proposals pose a grave threat to an effective and efficient program, which research consistently and clearly shows reduces hunger, supports work, and stimulates the economy – goals with national importance that justify continued federal investment. We encourage congressional leaders to act responsibly and not walk away from what has long been a federal commitment to fully funding SNAP benefits for all who are eligible.

    New York State Office of Children and Family Services Commissioner, and CPRAC Member Dr. DaMia Harris-Madden said, “The Supplemental Nutrition Assistance Program is one of the most powerful tools we have to address chronic hunger across New York State, where more than one in seven New Yorkers is facing food insecurity. The proposed federal cuts to this program are unfathomable – that children and families will lack basic needs such as food will have catastrophic implications. Governor Hochul has championed the overall health, well being and economic security through multiple investments; yet, she cannot do this alone. We implore our Congressional leaders to oppose these cuts and preserve the funding that is vital to enabling the most vulnerable members of our community to keep food on the table.”

    By The Numbers: Shifting Exorbitant Costs onto States and Local Governments

    The proposals in the Republican reconciliation bill, supported by all of New York’s Republican Congressional delegation, threaten an effective and efficient program, which research consistently and clearly shows reduces hunger, supports work and stimulates the economy, by imposing exorbitant, unsustainable costs on states:

    • The federal government has always funded 100 percent of SNAP benefits. For the first time in the history of the program, under the GOP bill, the federal government is walking away from that commitment by shifting significant portions of the cost onto states, forcing difficult state budgetary decisions. For New York State, Republicans would shift between 15 percent and 25 percent of the benefit cost, totaling up to $1.9 billion annually in additional costs for the State and local governments.
    • The federal government and states have historically evenly split the administrative costs of the program. For the first time in the history of the program, under the GOP’s reconciliation bill, the federal government would require states to contribute significantly more for administrative costs, increasing the state share to 75 percent. For New York State, more than $200 million in additional administrative costs would be shifted annually on to the State and local governments.
    • The GOP bill also eliminates funding for SNAP education programs that teach recipients how to get the greatest fiscal and nutritional value from their SNAP benefits. This would strip roughly $29 million from New York State and our SNAP recipients.
    • In total, the SNAP-related cost shifts put forward by the GOP will cost New York State and local county governments up to $2.1 billion a year, which cannot be absorbed at the state or local level and would cause significant state and local budgetary impacts.

    By The Numbers: Changes to SNAP Work Requirements:

    Beyond the proposed cost shifts, Republicans also target SNAP recipients by significantly expanding the populations who are subject to overly punitive and administratively complex work reporting requirements without any additional support to those recipients:

    • Certain recipients would be required to prove that they work 80 hours per month, with limited qualifying work options and regardless of other factors such as economic conditions. Recipients who are unable to meet this requirement after three months, regardless of the circumstances or reasons why, would then be cut off and prohibited from receiving SNAP for three years.
    • Republicans would extend these reporting requirements, harsher time limits, and related prohibitions to more groups, including to families with children as young as seven and to individuals as old as 64. The bill provides no additional funding to support states in assisting these new populations to connect to jobs or training or to provide necessary supportive services such as child care and transportation.
    • State flexibility to administer the program would be severely curtailed by limiting states’ ability to request waivers for areas with high unemployment, where residents may be having difficulty finding work due to broader economic factors
    • These requirements create barriers for people with unstable jobs, caregiving responsibilities, or health conditions. Enforcing these rules adds complexity, increases the risk of errors, and takes needed resources that would be better used to support beneficiaries and administer the program. In fact, research published on the USDA’s own website shows that increased work requirements reduced SNAP enrollment for those subject to the time limit and found no evidence that they increase employment or annual earnings.

    It is estimated that over 300,000 households, including families with children, seniors, youth aging out of foster care, people experiencing homelessness, people with disabilities, and veterans would be impacted by these changes, losing all or a portion of their SNAP benefits, resulting in a loss of hundreds of millions of dollars in SNAP benefits for some of our most vulnerable New Yorkers on an annual basis.

    By The Numbers: Impact on New York Farmers and Retailers:

    Beyond worsening food insecurity and malnutrition, cuts to the program would hurt local businesses and weaken SNAP’s ability to boost local economies in every state. Slashing families’ grocery budgets would reduce revenue for thousands of businesses in every state, with ripple effects throughout the food supply chain.

    • Cascading impact leading to job losses, small business closures, and lost revenue for businesses across the state of all shapes and sizes, from independent grocers to chain retailers
    • Lost sales and matching dollars having critical impact on over 18,000 retailers that accept SNAP in New York State and local economies. This includes grocery stores, local shops, and hundreds of SNAP-authorized local farmers, farmers’ markets, and farm stands that can be found in every county in New York selling New York agricultural products to the people in their local community. SNAP sales in the farming community have dramatically increased since 2019, providing New York consumers access to healthy, farm fresh foods and providing our farm communities additional economic development dollars. As the State matches SNAP dollars spent at farm markets through the Fresh2You FreshConnect program, the hit to farms of decreased SNAP funding is doubled.

    Combating Food Insecurity in New York State

    Governor Hochul has prioritized increasing access to food for all New Yorkers, supporting several groundbreaking programs that focus on improving access to locally grown foods including through SFY 2026 Budget, including the 30 Percent NYS Initiative for school meals, the Farm-to School program, the Farmers’ Market Nutrition Programs, the Urban Farms and Community Gardens Grants Programs, and the Nourish NY program, which helps New York’s network of emergency food providers purchase food from New York farmers to give to families in need.

    This year’s Budget also provides $340 million for school meals, a $160 million (89 percent) year-to-year increase, and requires all school districts, charter schools, and nonpublic schools that participate in the national school lunch and breakfast program to provide free breakfast and lunch meals to all students regardless of their families’ income, thereby reducing costs for families and ensuring that no student goes hungry at school. Additionally, the Budget included the third round of funding as part of the Regional School Food Infrastructure Grant Program, which provides $50 million over five years to support regional cooking facilities that will facilitate the use of fresh New York State farm products in meal preparation for K-12 school children.

    Senator Charles Schumer said, “The Republican ‘Big Ugly Bill’ will be the largest and cruelest cuts to food assistance in American history – all to pay for tax cuts to billionaires and corporations. If this Congressional Republican plan goes through, it would deal New York State a $2 billion blow, taking food from hungry kids and seniors. Local governments would carry the burden in a way they’ve never had to before, forced to make impossible decisions about who gets to keep their food benefits and who will be forced to go hungry. The GOP must step up and protect over 300,000 New York families and seniors in danger of losing their food benefits instead of pushing through tax cuts for the rich and powerful special interests.”

    Representative Jerry Nadler said, “The Republican reconciliation bill is a direct attack on food security in New York. It would gut billions from SNAP and other essential lifelines, forcing states to either absorb the cost or leave families without the support they need. In my district alone, one in seven households relies on SNAP to put food on the table. Under this bill, the average benefit would fall to less than five dollars a day. No one can feed themselves with dignity on that. These cuts are not only cruel and shortsighted, they are economically reckless. When families have less to spend on food, the entire community feels the impact. From neighborhood bodegas to upstate farmers, over 18,000 New York retailers could face lost sales, job cuts, or closures. SNAP dollars support small businesses, strengthen local economies, and enable people to purchase fresh, healthy food in their communities. I am fighting to stop this bill from becoming law because in the United States of America, no one should ever go hungry, especially so that billionaires can receive another tax break.”

    Representative Adriano Espaillat said, “For nearly a century, America has extended a lifeline to its most vulnerable families to ensure no child goes hungry, no matter their race, religion, or economic background. Today, however, Republicans are seeking to break that sacred agreement by cutting food stamps and other benefits that nearly 300,000 families in my district and more than 1.6 million across New York rely on. Families receive SNAP assistance because they need it, not because they want it. Those who pretend otherwise threaten to bankrupt state and local governments, upend vulnerable communities, and set back the generations of progress we have made to strengthen food security around our nation.”

    Representative Nydia M. Velázquez said, “The Republicans’ Big Ugly Bill is a direct attack on the most vulnerable New Yorkers, including working families, children, people with disabilities, and seniors who rely on SNAP to put food on the table. This bill guts a program that nearly 3 million New Yorkers depend on and that drives billions in local economic activity, all to fund tax breaks for billionaires. It is a disaster for our state, and I will keep fighting to make sure it never becomes law.”

    Representative Paul Tonko said, “The GOP’s ‘big ugly bill’ is an outrageous assault on the most vulnerable in our communities. By slashing critical food assistance programs like SNAP, this legislation would rip away earned benefits from families, children, and seniors — leaving millions of Americans to go hungry while billionaires enjoy trillions in tax breaks. These cuts will not only deepen poverty and hardship across our state and our nation, they’ll also shift crushing costs onto state and local governments, forcing states and municipalities to choose between drastic tax hikes or devastating service cuts. In the coming weeks, I’ll be working tirelessly to defeat this cruel, backward agenda and protect the programs that keep our communities healthy and strong.”

    Representative Joe Morelle said, “President Trump’s plan to cut funding for essential programs like SNAP would leave millions of working families struggling to put food on the table. I’m proud to support legislation that protects SNAP and Medicaid and keeps these lifeline programs fully funded. While Congressional Republicans continue to back the President’s cruel and chaotic agenda, I’ll keep fighting to protect working families and the services they count on because no child should ever have to wonder where their next meal is coming from.”

    Representative Tom Suozzi said, “Every individual deserves access to a meal every day. This is not just a privilege; it is a fundamental necessity that must be recognized and advocated for to ensure the dignity and well-being of all. If federal cuts to SNAP are enacted, it will lead to a preventable crisis and constitute the most significant reduction in food assistance in history. Americans young and old will go hungry. Simply put, SNAP benefits help put food on the table for our most vulnerable communities.”

    Representative Pat Ryan said, “Hardworking Hudson Valley families are feeling the pressure to make ends meet – the last thing folks need is to have food literally taken off of their plates. In my district alone, more than 74,000 people – including children, seniors, and veterans – rely on SNAP for consistent access to nutritious foods. It is unconscionable and cruel for this administration to rip that away. I’m going to keep fighting with everything I’ve got to stop these cuts – the lives of my constituents depend on it.”

    Representative George Latimer said, “The reckless Republican reconciliation bill, which lays out hundreds of billions of dollars in cuts to SNAP, is unacceptable. I voted against these cuts each time that they came to the House floor because of the devastating impact they would have on vulnerable New Yorkers who rely on SNAP for their survival. In NY-16, covering parts of Westchester and the Bronx, we have 74,000 people who depend on SNAP. While the GOP focuses on securing tax cuts for the wealthy at the expense of struggling Americans, my Democratic colleagues and I will continue to stand in opposition to these actions and do everything we can to address food insecurity for the millions of Americans who count on SNAP benefits to put food on the table, as every American deserves to be able to do.”

    Representative Timothy M. Kennedy said, “In communities across Western New York, we continue to see an increased need for food assistance as families struggle to make ends meet and inflation raises grocery prices. Food is a basic human right, and we have the tools to eradicate hunger in America. The absolute last thing we should be doing to families that are teetering on the edge is to rip the rug out from under them by cutting SNAP benefits. The Republican reconciliation bill is an affront to working families and must be rejected.”

    Representative John W. Mannion said, “I voted against this bill because it’s cruel and immoral to take food assistance away from children, seniors, and veterans. In NY-22, over 50,000 households rely on SNAP—and food insecurity is higher today than it was during the pandemic. This bill threatens our families, burdens our local governments, and pulls support from the people who need it most. I’ll continue to reject these devastating cuts and advocate for the better path forward – a five-year farm bill that supports farmers and everyone who depends on American agriculture.”

    Representative Josh Riley said, “I grew up believing every kid deserves a full belly and a fair shot — that’s not negotiable. This bill would rip food away from families in need and gut the small-town stores and farms that feed our communities. I’ll fight it with everything I’ve got, because nobody in Upstate New York should ever go hungry while billionaires get another tax break.”

    Acting Co-Chair of CPRAC Peter Hatch said, “SNAP helps feed our families, fund our grocery stores, and support our farmers, with decades of research showing how it improves children’s long-term health, reduces poverty, and boosts local economies as recipients spend their benefits. The Republican budget bill would increase hunger and poverty among children, reduce economic activity in communities, and force immense costs onto states and counties that we cannot afford, just as New York is making progress reducing child poverty. On behalf of New York’s CPRAC, we strongly oppose any action that would take SNAP away from the millions of children across the country who rely on it, and urge the Senate to protect this essential program, so that children can continue to receive the sustenance they need to thrive.”

    New York State Council on Children and Families Executive Director, and CPRAC Member Vanessa Threatte said, “When children and families experience hunger, it has severe and sweeping negative consequences on their physical and mental health, cognitive development, academic outcomes, family functioning, and overall well-being. By recognizing the intersectionality of food insecurity, and ensuring continued access to critical food programs, such as SNAP, all New York children and families can live their healthiest lives and communities can thrive.”

    Robin Hood CEO and CPRAC Member Rich Buery said, “Cutting SNAP is not just a moral failure—it’s an economic disaster that would set us back in the fight against child poverty. The data is clear: for every dollar we take away from families trying to put food on the table, we lose up to twenty dollars in future health, education, and economic productivity nationwide, according to an analysis by Columbia University. These cuts would harm our children, burden our healthcare and legal systems, and stall the progress we’ve made. We’ve come too far to pull the rug out from under children and families of New York State. Their well-being is the foundation of our shared future.”

    United Way of New York City President and CEO, and CPRAC Member Grace Bonilla said, “Funding for SNAP is a critical part of how New Yorkers maintain dignified access to nutritious food. We know from United Way of New York City’s True Cost of Living Report that 50 percent of working-age people in New York City are struggling to cover their basic needs—including food. SNAP represents the promise that despite having wages that do not keep up with the cost of living, our country cares and invests in our seniors, our children, and all vulnerable Americans so that they should not have to go hungry in the richest country in the world. The reconciliation bill is a dagger on that promise and on the precarious budgets of our most vulnerable and the budgets of cities and states across the country. It is the responsibility of every congressional leader to do what is in the best interest of the people they serve — safeguard funding for SNAP.”

    Regional Economic Development Council Mohawk Valley Executive Director and CPRAC Member Shelly Callahan said, “SNAP is not just a lifeline — it’s a foundation for long-term stability, public health, and economic mobility. Cuts to SNAP would not only harm vulnerable families, but they would also undermine local economies, like that of the Mohawk Valley, that depend on a healthy, stable population. We can’t build a stronger New York by taking food off the tables of those working hardest to achieve self-sufficiency. At our refugee center, we witness every day the resilience of families rebuilding their lives after fleeing unimaginable hardship. SNAP is not just a safety net — it’s a bridge to stability, health and dignity.”

    Guthrie Lourdes Hospital President and CEO, and CPRAC Member Kathy Connerton said, “SNAP is more than a budget line item. It’s a vital safety net that upholds the fundamental human right to nutritious food. When we protect SNAP funding, we affirm that every New Yorker deserves the dignity and security of knowing where their next meal will come from. This essential program forms the bedrock of daily life for our children, seniors and residents with disabilities ensuring they can not only survive but thrive. Compromising SNAP puts our most vulnerable neighbors in crisis and undermines the collective well-being of our entire community.”

    New York City Human Resources Administration Administrator and CPRAC Member Scott French said, “SNAP serves as a lifeline for 1.8 million New York City residents and fuels economic growth across our local communities. We absolutely cannot afford the magnitude of cuts being proposed in the budget reconciliation bill. We urge leaders in Congress to recognize what’s at stake for working class New Yorkers who keep the city running, vulnerable seniors and children who rely on this critical anti-hunger program to survive, and local farmers and businesses that benefit from SNAP spending. As part of our mandate to strengthen pathways to economic mobility for low-income New Yorkers, we will continue to sound the alarm to ensure that no child goes hungry, and families aren’t forced to choose between putting food on the table or paying the rent.”

    Community Action Organization of Western New York President and CEO, and CPRAC Member Dr. Marie Cannon said, “At the Community Action Organization of Western New York, we see firsthand how vital SNAP is for families striving toward self-sufficiency. These proposed federal cuts would not only strip essential food resources from our most vulnerable neighbors—they would undercut the very progress we’ve made in fighting multigenerational poverty. We urge our federal leaders to reject these changes and protect the safety net that gives hope and dignity to millions of Americans.”

    No Kid Hungry New York Director Rachel Sabella said, “With food prices continuing to climb and New Yorkers’ incomes not keeping pace, SNAP remains one of our most powerful tools to fight hunger and keep kids nourished and healthy. Meanwhile, budget proposals from both the U.S. House and Senate would unnecessarily hurt working families and states trying to administer SNAP while needlessly punishing retailers and farmers in New York and across the country, pushing fragile local economies to their limits. In a recent poll of New Yorkers, 91% told No Kid Hungry that ending childhood hunger should be a bipartisan goal. We need the entire New York congressional delegation to reject these proposed cuts to SNAP and protect programs that are proven to reduce hunger, support families, and strengthen local economies.”

    Schuyler Center for Analysis and Advocacy President and CEO, and CPRAC Member Kate Breslin said, “New York State is working to create a future where every child has what they need to thrive. By erecting barriers to food access, Congress is making it harder for families who are struggling to eat every day and limiting opportunities to thrive. Our federal leaders must preserve food security for our children and families – without additional barriers or cuts that hurt families and create problems for states and local communities.”

    The Children’s Agenda CEO Larry Marx said, “More than 360,000 children in the state of New York are fed in families relying on SNAP and the proposed cuts in the federal reconciliation will compromise their access to food. SNAP is a lifeline for children whose families are experiencing financial hardships. Hunger has devastating impacts on a child’s health, learning, and well-being. Nourishing our most vulnerable and precious population, our children, should not be a partisan issue. Congress should reject the proposals to cut SNAP.”

    Food Industry Alliance of New York State President and CEO Mike Durant said, “Reducing SNAP dollars in New York will not only threaten this essential program, but also have a cascading impact leading to job losses, decreased revenue, and further strain on state and local services. The retail food industry encourages lawmakers in Congress to work toward a solution which preserves SNAP without negatively impacting our communities and economy.”

    Farmers Market Federation of New York Executive Director Jack Riffle said, “SNAP plays a critical role in supporting food security for New Yorkers and an increasingly larger role for New York State farms, farmers’ markets, and local economies. With the help of New York’s generous SNAP incentive program, FreshConnect, SNAP benefit purchases now exceed $10 million annually at authorized farmers’ markets around the state. As an organization representing New York farmers’ markets and farmers, our federation urges NY lawmakers to consider the value of funding SNAP for NY farm vendors, NY customers, and NY communities.”

    Westchester Children’s Association Executive Director and CPRAC Member Allison Lake said, “Feeding all our children should be a baseline for our country. SNAP ensures some of our most vulnerable families can put food on the table. The proposed cuts and administrative burdens by the reconciliation bill will directly impact the health and wellbeing of children. The growing need is everywhere, in one of the wealthiest counties in the country, Westchester County, NY, our latest data publication shows the Child Feeding program provides 80,000 meals on average to children per month. Congress can and should do better by the hardworking families of Westchester County, New York State, and the nation.”

    Context Matters Strategy Group Partner and CPRAC Member Dr. Dia N. Bryant said, “Cuts to SNAP aren’t just budget decisions—they are moral decisions. When we reduce access to food assistance, we’re signaling that some families, some children, are less deserving of dignity and nourishment. In New York, where disparities already run deep, these changes will push more families into crisis and more children into classrooms hungry. We cannot build a just and thriving state by taking from those who have the least.”

    MIL OSI USA News

  • MIL-OSI China: China to remain firmly committed to opening its market wider: FM spokesperson

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

    China will remain firmly committed to opening its market wider to the world, foster new driving forces, create new opportunities, and enable the world to benefit from China’s steady growth and draw impetus for common development, a Chinese foreign ministry spokesperson said on Friday.

    A recent report released by the World Bank shows that China’s economy maintained growth momentum in early 2025, and in response to global trade uncertainty, the government has implemented accommodative monetary and fiscal policies. Recently international institutions, such as J.P. Morgan and Goldman Sachs, have also revised up China’s growth prospects.

    In response to a related query, spokesperson Guo Jiakun said at a daily news briefing that China’s economy has forged steadily ahead, achieved high-quality growth and fostered new growth points amid a complex external environment, demonstrating strong resilience and potential. It is now a stabilizer for the world economy and a magnet for sharing development opportunities.

    In the first five months of this year, China’s total imports and exports of goods increased by 2.5 percent year on year, and the total retail sales of consumer goods went up 5 percent. Shopping in China has become a buzzing trend among foreign travelers. In the first month after the policy of departure tax refunds was rolled out, application for departure tax refunds across the country surged by 116 percent year on year. Traveling to China visa free is expected to be a popular choice during the summer holiday, Guo noted.

    “Facts have shown that the fundamentals of China’s long-term economic growth remain unchanged, the strengths of our mega-size market and complete industrial system remain unchanged, and our policy of pursuing high-quality development and high-standard opening up remains unchanged,” Guo said.

    This is the source of the world’s confidence in China’s growth forecast and their determination to invest in China and further explore China’s market, he added. 

    MIL OSI China News

  • India’s Eight Core Industries Index registers marginal 0.7% growth in May 2025

    Source: Government of India

    Source: Government of India (4)

    The Index of Eight Core Industries (ICI), a crucial gauge of the performance of key infrastructure sectors in the Indian economy, rose marginally by 0.7% year-on-year in May 2025, according to provisional data released by the Ministry of Commerce & Industry. This modest uptick highlights continuing challenges in several critical sectors despite gains in a few industries.

    The eight industries that comprise the index — Coal, Crude Oil, Natural Gas, Petroleum Refinery Products, Fertilizers, Steel, Cement, and Electricity — collectively account for 40.27% of the overall Index of Industrial Production (IIP). In May, positive growth was reported in Cement, Steel, Coal, and Refinery Products, while the remaining sectors recorded year-on-year contractions.

    Coal production, which holds a weight of 10.33% in the index, increased by 2.8% compared to the same month last year. On a cumulative basis, production during April–May 2025-26 rose by 3.1%. However, the crude oil sector, with a weight of 8.98%, contracted by 1.8% in May and by 2.2% over the two-month period.

    Natural gas output witnessed a sharper year-on-year fall of 3.6% in May, contributing to a cumulative decline of 2.3%. Meanwhile, petroleum refinery products — the largest component of the index with a weight of 28.04% — posted a modest 1.1% increase in May. Despite this, cumulative output during the April–May period dropped by 1.7%.

    The fertilizer sector reported the steepest decline, shrinking by 5.9% in May and registering a cumulative decrease of 5.1%. In contrast, the steel industry, which holds significant weight at 17.92%, saw a healthy 6.7% rise in output in May and a 5.5% increase over the two-month period.

    Cement production delivered the strongest performance among all eight industries, recording a robust 9.2% growth in May. Its cumulative output also showed significant momentum, rising by 7.8%. However, electricity generation, a major sector with a 19.85% weight, fell sharply by 5.8% in May and declined by 2.2% cumulatively — contributing to an overall drag on the index.

  • MIL-OSI Russia: New Horizons of Cooperation: Polytech at the St. Petersburg International Economic Forum

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On June 20, Peter the Great St. Petersburg Polytechnic University continued its work at the XXVIII St. Petersburg International Economic Forum.

    At the forum, the rector of SPbPU, academician of the Russian Academy of Sciences Andrey Rudskoy and the chairman PSB Petr Fradkov signed a partnership agreement aimed at developing and scaling digital twin technology for defense industry enterprises and civilian high-tech industries. The document sets out the creation of a joint ecosystem for technological development that meets the priorities of the Russian Federation in the field of digital transformation and technological leadership:

    Russia’s entry into the top 10 countries in terms of R&D volume; accelerated implementation of technological innovations; formation of long-term demand and supply for high-tech products.

    All joint initiatives of SPbPU and PSB will be focused on the implementation and financial support of “cross-cutting” projects: from technological innovations to the creation and technical support in the operation of promising military and military-technical equipment and dual-use products.

    Polytechnic has been building a world-class ecosystem around key scientific and technological direction— system digital engineering and digital twin technology. PSB support will give our projects strategic and financial acceleration and will allow us to transform our scientific and technological groundwork, created digital platforms, digital test benches and testing grounds not only into a tool for developing high-tech products and implementing R&D, but also into state standards. After all, our common goal is to increase business investment in R&D, to make digital twin technology not only a language of communication between science, production and business, but also a basis for effective cooperation in order to ensure a high level of defense capability and technological leadership of the country, — noted Andrey Rudskoy.

    For systematic work in this direction, PSB will create specialized structures within its framework by the end of the year – the Sovereign Technologies Development Agent and the Innovation Diffusion Accelerator, which will form cooperation chains of qualified customers and qualified performers, developers and manufacturers of high-tech products, and will also develop specialized financial instruments for the implementation of technological innovations using digital twin approaches.

    For PSB, the backbone bank of the military-industrial complex, the role of an agent for the development of sovereign technologies is a responsibility and a growth point. Based on the expertise of the Polytechnic University andCML-Bench® digital platform, we consolidate engineering and financial data in a single digital circuit so that bold scientific and technological ideas quickly become competitive products. Our goal is to create and test a convenient “short route” from development to serial production and ensure the country’s technological leadership, which today is measured, among other things, by the ability to create the future in digital form, said Pyotr Fradkov.

    The most important link that translates the country’s priorities from the highest level into an effective project format should be the Interdepartmental Comprehensive Target Program for the Implementation of Digital Twin Technology, which is being developed on behalf of the President of the Russian Federation by federal executive bodies under the leadership of the Ministry of Industry and Trade of Russia.

    Digital twin technology plays an important role in the development of industry and is aimed primarily at reducing the cost and development time of high-tech products, improving the characteristics of created and modernized models, which will lead to ensuring technological sovereignty and technological leadership. I would like to note that within the framework of the activities of TC 700, RFNC-VNIIEF and SPbPU were the first in the world to develop National standard “Digital twins of products”, which was officially recognized in the PRC and served as the basis for the creation of the standard “Digital Twins of Aircraft Gas Turbine Engines”. In this regard, the signed Agreement on Cooperation between PSB and SPbPU in the field of development and application of digital testing technologies and digital twins at defense industry enterprises will play a major role and will be of great importance in the implementation of the Interdepartmental Comprehensive Target Program for the Implementation of Digital Twin Technology, – commented Kirill Lysogorsky, Deputy Minister of Industry and Trade of the Russian Federation, Chairman of TC 700 “Mathematical Modeling and High-Performance Computing Technologies”.

    Also at the forum, two agreements on joining the consortium “Russian-African Network University” were signed: with the Saint Petersburg State University of Economics and the Moscow State University of Geodesy and Cartography. The documents were signed by the Chairman of the Presidium of RAFU, Rector of SPbPU Andrey Rudskoy, Rector of SPbGEU Igor Maksimtsev and Rector of MIIGAiK Nadezhda Kamynina.

    The Russian-African Network University is proud to welcome new members to its ranks. This event is of great importance. The main value lies in the professional activities of the University of Economics. The Ministry instructed us to conduct research to assess the economic and cultural damage inflicted on Africa by centuries of colonial rule. Our President rightly noted that Africa is the future of our planet and the most populated continent. Africa has enormous intellectual potential, which in the near future may occupy leading economic and intellectual positions. Our network university should contribute to this process, – noted Andrey Rudskoy.

    The Russian-African Network University consortium was created on the initiative of the Ministry of Science and Higher Education of the Russian Federation in 2021.

    Its goal is to develop partnerships between Russian and African universities in the field of higher education and research, and to create a unified educational space for training highly qualified personnel. RAFU includes more than 90 Russian educational, scientific organizations and companies, and on the African side – 45 universities and organizations from 15 African countries.

    Andrey Rudskoy also became an expert in the session “Welcome, or No Trespassing: A Challenge for Science” with the participation of the Minister of Science and Higher Education of the Russian Federation Valery Falkov. The conversation was devoted to the problem of communications in the field of science as an important part of international relations.

    At the forum, the rector of SPbPU held a series of productive meetings where they discussed current tasks for ensuring the country’s technological leadership, as well as the interaction of science, education and business.

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

    MIL OSI Russia News