Category: Economy

  • MIL-OSI Africa: Youth entrepreneurship key to SA’s sustainable economic growth, says Mashatile

    Source: South Africa News Agency

    Youth entrepreneurship key to SA’s sustainable economic growth, says Mashatile

    Equipping young people with the skills necessary to become entrepreneurs is essential for the success of society and for overturning the post-apartheid laws that prevented the majority from engaging in the economy. 

    This is according to Deputy President Paul Mashatile, who was speaking during the Harambee Youth Employment Accelerator event in Braamfontein, Johannesburg, on Friday.

    Harambee Youth Employment Accelerator is a not-for-profit social enterprise that works with partners to find solutions for the challenge of youth unemployment.

    Deputy President Mashatile cited the latest Quarterly Labour Force Survey, which indicated that the youth unemployment rate has now reached 56.3% in the first quarter of 2025. 

    This figure represents 9.2 million youths, who are not engaged in education, employment, or training.

    “Most of you gathered here today know all too well what it means to be without work, locked out of the economy and unable to earn an income. It is disheartening; it is discouraging, and it takes resilience and an enduring sense of hope to overcome.

    “Most importantly, it requires support from family, government, the private sector and other stakeholders,” he told attendees. 

    To address the nation’s youth economic crisis, Mashatile believes that initiatives to support young entrepreneurs are critical.

    “As government, we are fully aware that this is not just a labour market issue but a social and moral emergency.

    “I am encouraged by many of you in the audience today who remain hopeful about yours and the country’s future.”

    The country’s second-in-command said he was encouraged by the several interventions currently underway in partnership with stakeholders from across society.

    He also touched on the R100 billion — through the Transformation Fund — to support black-owned businesses and historically disadvantaged groups. 

    “These funds will act as a catalyst to attract other funds and make more funding available to support micro, small and medium enterprises.”

    The other key initiatives include the Spaza Shop Support Fund, which has allocated R500 million to revitalise township and rural economies. 

    In addition, the SAYouth.mobi platform has processed 17.9 million online applications, and the Basic Education Employment Initiative has provided first jobs for 205 000 young people.

    READ | Presidential Youth Initiative continues to empower SA’s most excluded youth

    Government also offers various programmes to support young entrepreneurs, including financial assistance, business development services, and skills training.

    Other initiatives include the National Youth Development Agency’s grant programme and the Youth Challenge Fund. 

    “To ensure increased access to funding, we have the Innovation Fund, which has already supported over 96 start-ups since 2020,” said the Deputy President. 

    He announced that these strategies focus on expanding digital infrastructure, developing digital skills, and fostering digital innovation.

    Deputy President Mashatile stressed that these were not handouts, but strategic investments in youth potential. 

    Meanwhile, he said new legislation, such as the Public Procurement Act and National Small Enterprise Amendment Bill, aims to create an enabling environment for young entrepreneurs by simplifying regulations and improving market access.

    In addition, he stated that government was working with the private sector and civil society to scale up enterprise support, open procurement pathways, and remove red tape.

    “As we look ahead, let us imagine a world in which every young person can make their ambitions a reality, where entrepreneurship is more than a slogan but a way of life.”

    Mashatile also took the time to wish everyone a wonderful National Youth Day celebration on Monday, 16 June. The national celebration will be held in Potchefstroom, North West. – SAnews.gov.za
     

    Gabisile

    MIL OSI Africa

  • MIL-OSI Europe: Second Central Asian regional simulation-based training strengthens joint response to human trafficking

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

    Headline: Second Central Asian regional simulation-based training strengthens joint response to human trafficking

    Labour inspectors inspect a construction site as part of the simulation. (OSCE) Photo details

    Over 130 practitioners from Central Asia and Türkiye gathered this week at Lake Issyk-Kul, Kyrgyzstan, for a five-day regional simulation-based training exercise on combating trafficking in human beings.
    The training was opened by Nurlanbek Azygaliev, Vice Speaker of the Parliament of the Kyrgyz Republic, who emphasized during his opening remarks that, “platforms created by the OSCE, especially simulation trainings, have become not just a place for training, but a real tool for establishing partnership, trust and interaction.”
    Throughout the week, participants from Kazakhstan, Kyrgyzstan, Tajikistan, Türkiye, Turkmenistan, and Uzbekistan took part in an immersive “learning-by-doing” training that reflected real-world human trafficking scenarios. Set in a complex, multi-country fictional environment, the simulation focused on trafficking for sexual and labour exploitation, as well as forced criminality.  Participants worked through realistic cases involving the recruitment, transport, and exploitation of vulnerable individuals including children, persons with disabilities, and undocumented migrants. They were tasked with carrying out joint multi-agency and cross-sectorial investigations, applying standard operating procedures to identify presumed victims, and delivering victim-centered assistance and protection, especially for those facing multiple, overlapping risks.
    “With our simulations, we aim to break down silos and foster a spirit of cooperation in your joint efforts to combat human trafficking. True progress can only be achieved when law enforcement, civil society, prosecutors, asylum authorities, labour inspectors, and social workers work hand in hand” said Kari Johnstone, OSCE Special Representative and Co-ordinator for Combating Trafficking in Human Beings during the closing ceremony today.
    The exercise was organized by the OSCE Programme Offices in Bishkek and the Office of the OSCE Special Representative and Co-ordinator for Combating Trafficking in Human Beings, in close co-operation with the Migration and Human Trafficking Council under the Speaker of the Parliament of the Kyrgyz Republic, the Ministry of Interior of the Kyrgyz Republic, and the Ministry of Labour, Social Care and Migration of the Kyrgyz Republic as well as OSCE Field Operations in Central Asia. 
    The event was made possible thanks to support from the governments of Germany, Ireland, Italy, France, Liechtenstein, Luxembourg, Malta, Monaco, and Switzerland, as well as the United States Mission to the OSCE. The training also benefited from the expertise and financial support of the International Centre for Migration Policy Development (ICMPD) and the Prague Process Secretariat.

    MIL OSI Europe News

  • MIL-OSI Banking: Expert Panel Expects Moderating Home Price Growth through 2026

    Source: Fannie Mae

    WASHINGTON, DC – Following national home price growth of 5.3% in 2024, a panel of more than 100 housing experts forecasts home price growth to average 2.9% in 2025 and 2.8% in 2026, according to the Q2 2025 Fannie Mae (FNMA/OTCQB) Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC. The panel’s latest estimates of national home price growth represent revisions from last quarter’s expectations of 3.4% for 2025 and 3.3% for 2026, as measured by the Fannie Mae Home Price Index (FNM-HPI). As part of this quarter’s survey, panelists were also asked whether they expect home price growth in the 20 largest metro-area housing markets will underperform or overperform the national average in the next 12 months, as well as the probability that national year-over-year home price growth will turn negative at any point through the end of 2026.

    The full HPES data sets and special topic research can be found here .

    Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae’s Economic and Strategic Research (ESR) Group, Pulsenomics, LLC, and the surveyed experts included in these materials should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, beliefs, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.

    About Fannie Mae’s Home Price Expectations Survey
    Fannie Mae’s Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC, polls more than 100 experts across the housing and mortgage industry and academia for forecasts of national home price percentage changes in each of the coming five calendar years, with the Fannie Mae Home Price Index as the benchmark. On a quarterly basis, Fannie Mae plans to publish the latest panelist-level expectations. The Q2 2025 HPES had 107 respondents and was conducted by Pulsenomics, LLC, between May 8, 2025, and May 20, 2025.

    About the ESR Group
    Fannie Mae’s Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lenders to inform forecasts and analyses on the economy, housing, and mortgage markets.

    About Pulsenomics
    Pulsenomics® is an independent research and index product development firm that leverages expertise in data analytics, opinion research, financial markets, and economics to deliver insight and market intelligence to institutional clients, partners, and the public at large. To learn more, visit pulsenomics.com .

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: ‘Can you see me?’ Health and Care Jersey’s Community Learning Disability Service are partnering with local organisations for Learning Disability Awareness Week13 June 2025 To celebrate Learning Disability Awareness Week, Monday 16 June to Friday 20 June, Health and Care Jersey’s Adult Learning Disability Service are partnering with Mencap, Haute Vallée School and other… Read more

    Source: Channel Islands – Jersey

    13 June 2025

    To celebrate Learning Disability Awareness Week, Monday 16 June to Friday 20 June, Health and Care Jersey’s Adult Learning Disability Service are partnering with Mencap, Haute Vallée School and other organisations to highlight the support available for adults with a Learning Disability. 

    There are approximately 280 Islanders with a learning disability known to the Adult Learning Disability Service with the level of support dependent on their individual needs. With the right support, tailored education plans, assistive technology and understanding environments, people with learning disabilities can lead rewarding, fulfilling and independent lives in areas such as: 

    • Household tasks 
    • Managing time and organisation 
    • Social skills and communication 
    • Making decisions 
    • Understanding information 
    • Independent living 
    • Managing finances. 

    To help increase awareness of the services available in Jersey, the Learning Disability Service will be hosting a number of sessions within the week as follows: 

    • Monday 16 June – offering a drop-in session at the Enid Quenault Health and Wellbeing reception for the public to find out more about the Learning Disability Service and what support is available on-Island. 
    • Wednesday 18 June – adults with a Learning Disability join pupils at Haute Valleé School to participate in a joint art class. 
    • Thursday 19 June – partnering with Jersey Mencap at the Radisson Blu Waterfront Hotel to meet with parents of adults with a Learning Disability for a workshop focusing on the new Sexuality and Relationships Policy and Guidelines. Information will be provided on services that support parents to better understand relationships and sexuality. 
    • Friday 20 June, from noon – celebratory picnic at Howard Davis Park. There will be music, and an opportunity for Islanders to come together to celebrate Learning Disability Awareness Week with a Zumba session led by Jersey Mencap. 

    Also, the Learning Disability Physiotherapist Team along with AquaSplash, provide small group exercise sessions for individuals with learning disabilities. Each session promotes exercise adapted to meet individual goals with the aim to improve physical mobility, boost confidence, improve wellbeing and promote social inclusion through the therapeutic benefits of aquatic exercise. 

    MIL OSI United Kingdom

  • MIL-OSI USA: Belmont Stakes Racing Festival Returning to Saratoga

    Source: US State of New York

    overnor Kathy Hochul and the New York Racing Association, Inc. (NYRA) today announced that the Belmont Stakes Racing Festival will return to historic Saratoga Race Course in June 2026 for a third and final year to allow for the on-time and uninterrupted construction of a new Belmont Park in Elmont, N.Y.

    “New York is home to world class sports and entertainment and this final chapter of the Belmont Stakes at Saratoga Race Course honors our rich racing heritage while paving the way for a bold, new future at Belmont Park,” Governor Hochul said. “Bringing the race back to Saratoga next year will once again expand the audience for this storied leg of the Triple Crown and ensure fans continue to enjoy the full experience.”

    The announcement follows the recently concluded 2025 Belmont Stakes Racing Festival which was highlighted by Sovereignty’s victory in Saturday’s 157th running of the Grade 1, $2 million Belmont Stakes presented by NYRA Bets.

    The reimagined Belmont Park remains on schedule to open to the public in September 2026. While NYRA had previously left open the possibility of hosting a Belmont Stakes in a partially completed facility with a limited number of fans, the decision to return to Saratoga Race Course for the 2026 Belmont Stakes Racing Festival will allow the event to be unhindered by various restrictions made necessary by ongoing construction.

    New York Racing Association President and CEO Dave O’Rourke said, “Saratoga has served our fans and stakeholders extremely well as the temporary home of the Belmont Stakes during the construction of a new Belmont Park on Long Island. As we prepare for the opening of the new Belmont Park in the fall of 2026, NYRA is pleased to bring the Belmont Stakes to Saratoga for a third and final time next June. Belmont Park will always be the home of the Belmont Stakes and we look forward to its return to the newly reimagined Belmont in 2027.”

    Empire State Development President, CEO and Commissioner Hope Knight said, “Bringing the Belmont Stakes Festival to Saratoga Race Course the past two years has introduced new audiences and new visitors to Saratoga Springs and its surrounding communities, which supports our local small businesses and the Upstate tourism economy. By granting Saratoga a third opportunity to host the third leg of racing’s Triple Crown, even more fans will be inspired by this unique circumstance and plan a trip to experience the excitement, the history and the pageantry firsthand.”

    State Senator Joseph P. Addabbo, Jr. said, “The decision to once again bring the Belmont Stakes Racing Festival to Saratoga in 2026 demonstrates a strong commitment to both preserving tradition and ensuring the successful modernization of Belmont Park. This transition period has enabled top-notch racing to continue while providing an economic boom for Saratoga and enhancing the experience for horse racing fans. I look forward to the grand reopening of a state-of-the-art Belmond Park in 2027 and the continued economic and social impact these premier racing events bring to our state.”

    Assemblymember Carrie Woerner said, “Saratoga Springs and Saratoga Race Course hosted two successful Belmont Stakes Racing Festivals and we are thrilled to be hosting the exciting third leg of the Triple Crown again. Once the reimagined Belmont Park opens, New York will be home to the most state-of-the-art and the most historical Thoroughbred racetracks in the country. I am already looking forward to next year and the bright future of this heritage sport in our state.”

    Chairman of the Saratoga County Board of Supervisors and Town of Clifton Park Supervisor Phil Barrett said, “Saratoga County has proudly partnered with many organizations to support events coinciding with the Belmont Stakes. We have been proud to host the Belmont and the event has drawn people to our county, providing the opportunity to showcase our recreational, cultural, and historical attractions. We will begin planning for 2026 with NYRA and partner organizations to deliver the best possible experience!”

    City of Saratoga Springs Mayor John Safford said, “It has been an honor and a privilege for Saratoga Springs to host The Belmont over the past two years. The exceptional collaboration between NYRA, the Chamber, Discover Saratoga, and other dedicated community partners has created a memorable experience for all who visited our city. We are excited to continue these strong partnerships and welcome an additional year of the Belmont in Saratoga for 2026.”

    Saratoga County Chamber of Commerce President Todd Shimkus said, “It’s been an honor for the local and regional community to help serve as stewards for the Belmont Stakes during the construction of the new Belmont Park, and we are excited to do so for one final year. The Chamber and our partners are already working on plans for a third Belmont on Broadway kick-off concert in 2026 to support the Belmont Stakes Racing Festival.”

    Saratoga Economic Development Corporation President Greg Connors said, “In Saratoga County, we couldn’t be more grateful and appreciative to both the Governor and NYRA for bringing back to Saratoga in 2026 the Belmont Stakes Racing Festival. The substantial economic impact on not only Saratoga but the Capital Region is significant. Historically, the traditional Saratoga meet contributes an estimated $9M dollars per day to the local economy. And, with our partners in government, business and community development sectors, we have worked as a team, for the last 2 years, to showcase our community to the world and the world class thoroughbred racing industry, that Saratoga County and the City of Saratoga Springs is capable and ready to handle such a historic horse racing event of national and international interest. For one last time in 2026, Saratoga County is excited to welcome the world back to the Belmont Stakes Racing Festival at the Saratoga Race Course.”

    Discover Saratoga President Darryl Leggieri said, “We are absolutely thrilled to welcome the Belmont Stakes Racing Festival back to Saratoga in 2026 for the third consecutive year. Hosting this iconic event is not only a tremendous honor—it’s a testament to Saratoga County’s ability to safely and successfully accommodate major events on a national scale. The Belmont Stakes brings a remarkable boost to our local economy and provides incredible exposure for our community, our small businesses, and the world-class hospitality that defines Saratoga. We’re grateful to Governor Hochul and the New York Racing Association for their continued confidence in Saratoga as a premier destination for racing and tourism.”

    The 2026 Belmont Stakes presented by NYRA Bets will be held Saturday, June 6. The race will once again be contested at 1.25 miles in 2026, rather than the traditional 1.5 miles due to the configuration of Saratoga’s main track.

    In the coming weeks, Saratoga Race Course will serve as the home to a special July 4th Racing Festival which is traditionally held at Belmont Park. The four-day event will take place Thursday, July 3 to Sunday, July 6 and will serve as a prelude to the traditional 40-day Saratoga summer meet which gets underway on Thursday, July 10 and will continue through Labor Day, Monday, September 1. New York State and the NYRA are currently redeveloping Belmont Park, with a $455 million capital construction project transforming the facility into a world-class racing and entertainment destination.

    Last month, Governor Hochul announced Belmont Park will host the Breeders’ Cup in 2027 for the first time in twenty years. It will be the fifth time New York will host the Breeders’ Cup after hosting in 1990, 1995, 2001, and 2005. The Breeders’ Cup at Belmont Park will be held Oct. 29-30, 2027. All race dates are pending approval by the New York State Gaming Commission. For more information, visit belmontstakes.com.

    About the New York Racing Association, Inc.

    NYRA is a not-for-profit corporation franchised by New York State to conduct thoroughbred racing at Aqueduct Racetrack, Belmont Park and Saratoga Race Course. NYRA tracks are the cornerstone of New York State’s horse racing economy, which is responsible for 19,000 jobs and more than $3 billion in annual statewide economic impact.

    MIL OSI USA News

  • MIL-OSI: REDCLOUD TO PARTICIPATE AT THE ROTH 15th ANNUAL LONDON CONFERENCE

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 13, 2025 (GLOBE NEWSWIRE) — via IBN – RedCloud Holdings plc (Nasdaq: RCT) (“RedCloud” or “The Company”) today announces that Justin Floyd, CEO and Co-Founder will be attending the ROTH 15th Annual London Conference, which will be held at the Four Seasons Hotel London at Park Lane in London, UK.

      Event  ROTH 15th Annual London Conference
      Date   June 24-26, 2025
      Format        1×1 / small group meetings – by invitation only
      Location   London, UK

    This format will provide investors the opportunity to meet with executive management from approximately 70 companies across a range of sectors. The 1-on-1 and small group meetings throughout the event will offer institutional investors meaningful interaction with company leadership and the ability to gain in-depth insights into each business.

    To learn more and submit a registration request, visit https://ibn.fm/RothLondon2025

    About ROTH
    ROTH is a relationship-driven investment bank focused on serving growth companies and their investors. Its full-service platform provides capital raising, high impact equity research, macroeconomics, sales and trading, technical insights, derivatives strategies, M&A advisory, and corporate access. Headquartered in Newport Beach, California, ROTH is a privately held, employee-owned organization and maintains offices throughout the U.S.

    For more information, visit: https://www.roth.com

    About RedCloud

    RedCloud has developed and operates the RedCloud trading platform (the “Platform”), that facilities trade of everyday consumer supplies of fast-moving consumer goods (“FMCG”) products across business supply chains. RedCloud believes its Platform solves a decades old problem of how to unlock and enable access to key purchase and sales data between brands, distributors and retailers in high growth consumer markets. Through RedCloud’s Platform, retailers are enabled to use data driven insights backed by artificial intelligence (“AI”) to help make faster and easier business-to-business (“B2B”) purchases and inventory decisions from brands and distributors by breaking down complex purchasing behaviors of large product inventory catalogues. For more information about RedCloud and its Platform, please visit www.redcloudtechnology.com and connect on LinkedIn and Facebook .

    Contact:

    Investor Relations
    Sukhvinder Gill
    Chief Investment Officer
    Investor.relations@redcloudtechnology.com

    Media Relations
    James McCarthy
    EVP Global Marketing
    media@redcloudtechnology.com

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network

  • MIL-OSI Analysis: Colorado’s fentanyl criminalization bill won’t solve the opioid epidemic, say the people most affected

    Source: The Conversation – USA – By Katherine LeMasters, Assistant Professor of Medicine, University of Colorado Boulder

    The people most impacted by Colorado’s fentanyl criminalization bill have divergent views on the role of the legal system in curbing the opioid epidemic. Erik McGregor/GettyImages

    Colorado passed the Fentanyl Accountability and Prevention Bill in May 2022. The legislation made the possession of small amounts of fentanyl a felony, rather than a misdemeanor.

    Felonies are more likely than misdemeanors to result in a prison sentence.

    Time in prison is associated with an increased risk of fatal overdose in the year after release. People with felonies on their record often struggle to find a job or rent an apartment.

    In 2023, lawmakers in 46 states passed legislation similar to Colorado’s. They introduced more than 600 bills related to fentanyl criminalization and enacted over 100 other laws to attempt to curb the opioid epidemic.

    Possession of small amounts of ketamine, GHB and other criminalized drugs is also a felony in Colorado.

    I’m an assistant professor of medicine, social epidemiologist and community researcher who studies mass incarceration as a public health threat. I am a member of the Right Response Coalition, which advocates for community rather than criminal-legal responses to behavioral health needs in Colorado. Recently, my work has focused on how increasing criminal penalties for fentanyl possession in Colorado affects the individuals and communities most impacted by such laws.

    Our team conducted 31 interviews with Colorado policymakers, peer support specialists, law enforcement, community behavioral health providers and people providing behavioral health in prisons and jails to explore a variety of perspectives on Colorado’s Fentanyl Accountability and Prevention Bill and the role of the criminal-legal system in addressing substance use and overdose.

    Most of our interviewees agreed that criminalization alone wouldn’t solve the opioid epidemic.

    “You can’t incarcerate yourself to sobriety,” said a rural law enforcement officer. “You can’t incarcerate yourself out of the drug problem in America.”

    Criminalization of drug use

    Incarceration and substance use are deeply intertwined. The U.S. houses one-quarter of the world’s incarcerated population – largely due to policies created during the “war on Drugs” of the 1980s. The war on drugs included mandatory minimum sentencing for drug-related charges and “three strikes” laws that lengthened sentences after multiple charges.

    Today, one-fifth of the U.S. incarcerated population has a drug-related charge.

    People recently released from incarceration are more likely to overdose than the general public because their tolerance is greatly reduced following forced abstinence and there are not enough community-based treatment options.
    Erik McGregor/GettyImages

    Incarceration is often seen as a deterrent, but research shows it is not actually associated with reduced drug use. Instead, people recently released from incarceration are more likely to die of a fatal overdose and face a high likelihood of reincarceration.

    Perspectives of front-line workers

    All 31 of the participants in our study supported policies to prevent fentanyl overdoses. However, most thought that use of police and incarceration as avenues to do so was misguided.

    We spoke to some individuals who felt the bill was appropriate, but most felt that increased criminalization perpetuates stigma against people who use drugs. They also saw the law as ignoring the root causes of the opioid epidemic, which include a lack of voluntary community-based treatment options. They also said the law creates stressful law enforcement encounters that can perpetuate drug use as a coping mechanism.

    “It just seems like there’s no getting away from [the police], they’re everywhere,” said an urban peer support specialist. “I got arrested by the same cops, I don’t know how many times. And then it makes you want to try to be avoidant or run because they’re not going to help you.”

    Participants worried that the policy has an inadvertent chilling effect, deterring individuals from calling 911 when an overdose occurs.

    “Most people with substance abuse are not trying to report anything or get help for fear of going to jail,” one rural provider said. “It’s so stigmatized that everyone’s just scared to do that.”

    Study participants worried that the Colorado fentanyl criminalization bill will deter people from reporting an overdose for fear of being arrested.
    Spencer Platt/GettyImages

    Participants largely thought that counties were using incarceration as a default treatment setting and that it wasn’t an ideal solution.

    “[I] don’t want to see [people] incarcerated, but I don’t want ‘em to die either,” said an urban peer support specialist.

    The people we interviewed pointed to a lack of community-based care options that could come before people are incarcerated. Those options include substance use treatment centers, mental health services and community health centers.

    Substance use treatment

    Colorado’s fentanyl bill did more than just increase penalties. It also provided additional funding for a state naloxone program and required that all jails provide medications for opioid use disorder.

    Along with increasing penalties, Colorado’s bill increased access to naloxone, an opioid-reversal drug.
    Hyoung Chang/GettyImages

    These medications include methadone, buprenorphine and extended-release naltrexone. All are part of an established public health strategy shown to reduce overdose deaths and opioid use. They’re also shown to increase engagement with non-jail-based treatment and reduce reincarceration.

    However, jail capacity and the lack of treatment options based in one’s community play a large role in which medications are offered and to whom. For example, only 11 out of Colorado’s 46 counties with a county jail have an opioid treatment program in the community that can dispense methadone. Therefore, some facilities do not offer all medications, or only offer medications to individuals with an active prescription or to certain populations such as pregnant people.

    Investing in community solutions

    Based on our study’s findings, my study co-authors and I believe increased criminal penalties should not be the solution for linking individuals to treatment. Instead, there should be more investment in long-term community solutions.

    One such solution is Denver’s Substance Use Navigation Program. The program sends behavioral health specialists to emergency calls to prevent legal involvement when someone is experiencing distress related to mental health, poverty, homelessness or substance use. In many cases, those individuals are then routed to services rather than jails.

    Our findings also lead us to believe there is a need for more participatory policymaking processes when it comes to fentanyl legislation, and that policymakers should more closely work with the people who will be most impacted by new legislation. Most of our participants agree.

    “[I] don’t think that [the] state realized how difficult it is,” said a rural provider about giving medication-assisted treatment in jail, an increasing need as more people are arrested for fentanyl possession. “They probably should come here and visit us.”

    Katherine LeMasters received funding from the Colorado Department of Human Services, Behavioral Health Administration. Katherine LeMasters is part of the Right Response Coalition.

    ref. Colorado’s fentanyl criminalization bill won’t solve the opioid epidemic, say the people most affected – https://theconversation.com/colorados-fentanyl-criminalization-bill-wont-solve-the-opioid-epidemic-say-the-people-most-affected-256661

    MIL OSI Analysis

  • MIL-OSI USA: At Hearing, Warren Questions Trump Treasury Secretary on Hypocrisy of Adding to National Debt to Pay for Tax Giveaways for Rich

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    June 13, 2025
    Video of Exchange (YouTube)
    Washington, D.C. — At a hearing of the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) questioned Secretary of the Treasury Scott Bessent on Republicans’ hypocrisy on raising the deficit with Trump’s “big, beautiful bill.”
    Senator Warren highlighted the hypocrisy of Secretary Bessent’s support for cutting crucial social programs to decrease the national debt, while also supporting adding trillions to the deficit to give billionaires and giant corporations tax cuts. 
    Secretary Bessent, with no evidence, said he believed the tax bill would decrease the deficit. 
    Senator Warren pointed out that “[e]very credible, independent expert agrees that Trump and the Republicans’ ‘Big Beautiful Bill’ will add trillions to the national debt and would not even come close to paying for itself…Even Elon Musk and the Wall Street Journal are criticizing the bill for ballooning the national debt.”  
    The nonpartisan Congressional Budget Office has revealed the Republican tax bill would increase the deficit by $3 trillion. Secretary Bessent said only that he “[doesn’t] agree with the CBO.” 
    “[W]hy is the national debt so very important that you’re trying to kick 16 million people off their health insurance, but increasing the national debt doesn’t seem to matter if you’re cutting taxes for billionaires and billionaire corporations?” Senator Warren asked. 
    Bessent attempted to downplay the health care cuts by saying the “figure is overstated by 5.1 million,” and falsely claimed Medicaid is granted to undocumented people. 
    “[T]he part that troubles me the most is that the Secretary is deeply worried about the deficit and is willing to knock 16 million, or as he says, ‘merely 11 million,’ people off their health care [because it] matters so much, but it doesn’t matter so much if you’re cutting taxes for billionaires…I think that’s wrong,” concluded Senator Warren.
    Transcript: Hearing on the President’s Fiscal Year 2026 Budget for the Department of Treasury and Tax ReformSenate Finance CommitteeJune 12, 2025 
    Senator Elizabeth Warren: Thank you, Mr. Chairman. So I want to ask about the Republican “Big, Beautiful Bill,” which will knock about 16 million off their healthcare coverage and cut programs that keep groceries cheaper for millions of families, in order to try to pay for about $4 trillion in tax giveaways, that are mostly going to be sucked up by millionaires, billionaires, and wealthy corporations. 
    So, Secretary Bessent, I’d like to start with a very simple question: will this bill increase or decrease the deficit?
    Mr. Scott Bessent, Secretary of the Treasury: There are varying scoring on that, Senator Warren.
    Senator Warren: You’re the Secretary of the Treasury, so I’m asking you: what is your view? Will this bill increase or decrease the deficit? 
    Secretary Bessent: It is my view that over the ten-year window, it will decrease. 
    Senator Warren: You know, do you have anybody who agrees with you on this? 
    Secretary Bessent: Yes, ma’am.
    Senator Warren: Let me ask my question. 
    Secretary Bessent: Okay. 
    Senator Warren: Every credible, independent expert agrees that Trump and the Republicans’ “Big Beautiful Bill” will add trillions to the national debt and would not even come close to paying for itself. The nonpartisan Congressional Budget Office, the Penn Wharton Budget Model, and the Yale Budget Lab all agree on this, and they are looking at ten-year windows, thank you. So do the conservative Tax Foundation and Committee for a Responsible Federal Budget—conservative groups. 
    Even Elon Musk and the Wall Street Journal are criticizing the bill for ballooning the national debt. The only people who are saying publicly that it is not going to add to the national debt are you, Donald Trump, the Republicans in Congress. Do you have an independent group that has put forward numbers that disagrees with all of these conservative groups and disagrees with the Wall Street Journal on this? 
    Secretary Bessent: Well, Senator, it’s interesting to see you aligned with Elon Musk, but if I might—
    Senator Warren: You’re no more shocked than I am. 
    Secretary Bessent: If we want to take the full Congressional Budget scoring, they predict, and I don’t agree with their methodology, they predict a $2.4 trillion deficit, but— 
    Secretary Warren: Okay, so the answer to the question is yes.
    Secretary Bessent: No, no, no. But may I finish? They include that, but they’ve also scored $2.8 trillion in tariff income. So even, even in Washington, D.C. math, that is a $400 billion surplus.
    Senator Warren: Okay, so let me make sure I understand. This bill, you admit, will increase the deficit by $2.4 trillion, but you think there will be another bill and another set of agreements that somehow materialize. Haven’t materialized so far, don’t have any statutory authority, but that will make up the difference. 
    So the answer to the original question, will this bill increase or decrease the deficit? I think you just said it will increase. This bill increases the deficit, is that right? 
    Secretary Bessent: I will use all the CBO scoring, and you can’t take one without the other. I don’t agree with the CBO.
    Senator Warren: One is the law that we are scoring, the bill that is in front of us. We don’t have a tariff bill in front of us to score. Mr. Secretary, let me go on to the second question. You have said that government spending is, quote, “out of control.” You have also called government spending, quote, “unsustainable.” In fact, in the name of fiscal responsibility, you’re working with the Republicans on this “big, beautiful bill” to pass the biggest cuts to Medicaid and the Affordable Care Act in American history. 
    So, Mr. Secretary, help me understand here: why is the national debt so very important that you’re trying to kick 16 million people off their health insurance, but increasing the national debt doesn’t seem to matter if you’re cutting taxes for billionaires and billionaire corporations?
    Secretary Bessent: Well, first of all, a huge portion of this goes to family-owned businesses that are passed through entities that are below that level, Senator, and I am sure you share my goals of Main Street prosperity.
    Senator Warren: You know, I’m glad to do tax cuts for people of modest means. The question I’m asking is, why does the deficit not matter to you when we’re talking about knocking 16 million people off their health care? But it matters not—It does matter to you if we’re knocking people off their health care, but not if—
    Secretary Bessent: Well, first of all, that figure is overstated by 5.1 million. That is an amount not attributable to provisions in this bill. 
    Senator Warren: So you think it’s okay to knock ten million people off. 
    Secretary Bessent: Well, first of all, let’s set that straight. Work requirements account for 8 million of CBO’s claim number. Again, we’re creating an economy that promotes and rewards—
    Senator Warren: So it’s clear, Secretary Bessent, you don’t want to answer the question.
    Secretary Bessent: Senator, I am answering. 
    Senator Warren: No, you’re not. 
    Secretary Bessent: And what I want is for Medicaid to be used for mothers and children as it was meant, not for 1.4 million illegal aliens, not for able-bodied people—
    Senator Warren: Medicaid is not used for people who are not documented. Mr. Chairman, I just want to say here the part that troubles me the most is that the Secretary is deeply worried about the deficit and is willing to knock 16 million, or as he says, “merely 11 million,” people off their health care—matters so much, but it doesn’t matter so much if you’re cutting taxes for billionaires, then it’s okay to run up a big deficit. I think that’s wrong.

    MIL OSI USA News

  • MIL-OSI USA: Ciscomani Leads Bipartisan Push to Increase Benefits for Online Student Veterans

    Source: United States House of Representatives – Congressman Juan Ciscomani (Arizona)

    WASHINGTON, D.C. — U.S. Congressman Juan Ciscomani reintroduced a bipartisan bill to increase housing stipends for student veterans attending classes online.

    Specifically, the Expanding Access for Online Veteran Students Act (H.R. 3753) would increase the Department of Veterans Affairs’ (VA) monthly housing allowance for student-veterans who attend classes online during the summer semester. Under current law, student-veterans enrolled in online classes only receive half the monthly housing allowance compared to their in-person counterparts.  

    “As our service members transition to civilian life and pursue educational opportunities, they deserve to have access to all the benefits their service earned, regardless of whether the classes are in-person or virtual,” said Ciscomani. “As education and pathways to career success continue to evolve and online classes become more prevalent, I am proud lead this bipartisan effort to eliminate the disparity between online and in-person classes to ensure our veterans have flexibility as they pursue further education.”

    Ciscomani is joined by Reps. Derrick Van Orden (R-WI), Chairman of the House Veterans’ Affairs Subcommittee on Economic Opportunity, Mike Lawler (R-NY), and Greg Stanton (D-AZ).

    “As veterans transition back to civilian life, they deserve to fully access the benefits they have earned,” said Van Orden. “This bill ensures that student veterans can pursue their education on their own timeline without the added stress of wondering how they will afford rent.”

    “Arizona’s student veterans have earned the right to pursue their education without having to worry about how they’re going pay for their home,” said Stanton. “Our bipartisan bill delivers the fairness and financial security these veterans deserve by ensuring those taking online classes receive the same housing support as their in-person peers. We’re honoring our promise to those who served and making sure every veteran can use their hard-earned VA education benefits.” 

    This legislation is supported by Military-Veterans Advocacy Inc, AM Vets, Students Veterans of America (SVA), the American Legion, and Veterans of Foreign Wars.

    Commander J.B. Well, Executive Director of Military-Veterans Advocacy Inc.: “Since the Second World War, Congress has provided our veterans with educational benefits including a housing stipend to allow them to attend school free from worry about where they will live.   Technology has allowed the development of online education. These students deserve the same benefits as though who attend classes in-person.   Making it easier for veterans to attend class not only rewards them for their service but acts as an investment in our national future.”

    Tammy Barlet, Vice President of Government Affairs at SVA: “SVA strongly supports the introduction of H.R. 3753, the Expanding Access for Online Veteran Students Act. This legislation would ensure that student veterans attending classes solely online receive the national average monthly housing allowance during the semester of their enrollment. Online MHA parity supports student veterans as they pursue higher education where they are at. Many student veterans choose online education out of necessity rather than preference, as they are often balancing other responsibilities such as childcare, caregiving, or familial obligations. SVA thanks Representative Ciscomani, Representative Stanton, and Representative Van Orden for their dedication and efforts to support student veterans nationwide. By establishing parity for online MHA, we continue to encourage student veterans to pursue their education and have access to the same educational opportunity as their counterparts.”

    Find the full text of the bill here.

    ###

    MIL OSI USA News

  • MIL-OSI Europe: Antoine Ferey is the 2025 AFSE Malinvaud Prize laureate

    Source: Universities – Science Po in English

     

     

    The Association Française de Science Économique (AFSE) announced the 2025 laureate of its Prix Edmond Malinvaud: Antoine Ferey.

    The AFSE (French Economic Association) is a nonprofit organization founded in 1950. It aims at promoting exchange of knowledge and participation of its members in public debates on economic policies. It is open to all economists, whether they work in universities, public research organizations, government bodies or private companies.

    Every year the AFSE awards a Prize for the best paper published in an indexed EconLit, peer-reviewed journal in the past two years by a young economist affiliated to a French laboratory.

    Antoine is awarded the 2025 Prix Edmond Malivaud for his paper Sufficient Statistics for Nonlinear Tax Systems with General Across-Income Heterogeneity (joint with Ben Lockwood and Dmitry Taubinsky), published in 2024 in the American Economic Review.

    The jury wanted to shed light on the topic of optimal non-linear tax systems, in particular taxation of savings which is much less investigated than taxation of income. 

    “In their paper, Antoine Ferey and his co-authors put forward a comprehensive approach to quantifying optimal commodity and savings taxes by developing sufficient statistics that capture various sources of income heterogeneity, extending the standard Atkinson-Stiglitz framework, and providing practical guidance for policy design and empirical estimation.”

    A ceremony will be organised on June 20th during the Paris Economics Taxation Workshop to award the Malinvaud Prize to Antoine.

    This is the third time that Antoine’s work has been honoured in as many months: earlier this year he became a CESifo Distinguished Fellow for his paper Redistribution and Unemployment Insurance (read abstract) and the Aix-Marseille School of Economics (AMSE) awarded him the Carine Nourry Best Doctoral Dissertation Prize. 

    Antoine also joins a growing list of faculty members whose papers have been awarded the Malinvaud Prize: Alfred Galichon, Isabelle Mejean, Clément de Chaisemartin, Johannes Boehm, and Michele Fioretti.

    Congratulations Antoine !

    (credits: Alexis Lecomte)

    Antoine Ferey joined the Department of Economics in 2023 as an Assistant Professor (tenure track). He is also a Research Affiliate of the CESifo Network and of the Institut des politiques publiques. During the Spring Semester, he has been invited by Harvard University to teach a part of their public economics sequence to PhD students.

    Prior to joining our faculty, he was an Assistant Professor at the Ludwig Maximilian University of Munich (LMU). He received his PhD in Economics from the Centre de recherche en économie et statistique (CREST) and Ecole Polytechnique in 2021, for which he received two PhD Dissertation Awards from the Association française de science économique (AFSE) and from Institut Polytechnique de Paris (IP Paris). 

    Antoine Ferey’s website

    MIL OSI Europe News

  • MIL-OSI Europe: Meet Daniela Espinal Fondeur and Gabrijela Papec, Recipients of the Competitive Schwarzman Scholars Programme

    Source: Universities – Science Po in English

    Daniela Espinal Fondeur and Gabrijela Papec have been selected to be part of the 150 students from 38 countries of the 10th cohort of Schwarzman Scholars, one of the most competitive scholarship programmes in the world – with an acceptance rate of below 3%. With its first anniversary coming up in 2026, this programme has reached this year the biggest number of applications and has admitted its 100th country represented, thanks to Sciences Po student Gabrijela Papec, from Croatia.

    This scholarship offers the equivalent of €150,000 to each recipient, with automatic acceptance to the best university in Asia (Times Higher Education World University Rankings), Tsinghua University in Beijing, China, for a one-year master’s degree on a campus reserved exclusive to the 150 graduates, the Schwarzman College. The core purpose of this programme can be summed up in this quote from its founding trustee, Stephen A. Schwarzman, “Those who will lead the future must understand China today”.

    Meet this year’s two Sciences Po recipients, Daniela Espinal Fondeur, a graduate from the Paris School of International Affairs (PSIA) and Gabrijela Papec, a master’s student from the Law School.

    Who are you?

    Daniela E. F.: I was born and raised in the Dominican Republic, where I studied economics as an undergraduate student. In 2022, I joined the Master in International Governance and Diplomacy at Sciences Po, and graduated in June 2024. My interest lies in international cooperation. I undertook internships in embassies, UNESCO, and the Dominican Republic Consulate in Paris. I wish to become a diplomat in the near future.

    Gabrijela P.: I am from Croatia. I began my journey at Sciences Po as an undergraduate student on the Reims campus, and its North America minor – just like Felipe Chertouh (2024 Schwarzman Scholar, article in French). I have a strong interest in the way advocacy work can be intertwined with human rights and international law, which grew even stronger after a summer internship at Genocide Watch. After a year as a master’s student in Economic Law, I decided to take a gap year and applied to the Schwarzman Scholar programme.

    What are you expecting from this programme?

    Daniela: I am really excited to benefit from this unique opportunity. China is so remote from the Dominican Republic, it is priceless to learn about a country while living there. I aim to build a bridge between China and my country through an internship at the Dominican Embassy in Beijing. Considering all the turmoil that’s happening in our world, it is incredible to go through that experience.

    Gabrijela: Getting a deep cultural understanding of the way international law is applied in China – a gigantic country which holds much power over other countries – is very important. I feel that China needs to be included in the very making of international law and policies, or they will never work out. I already experienced working in Asia, for a South Korean company, and I can’t wait to further enrich my skill set.

    How was your experience at Sciences Po ?

    Daniela: It was my first time away from home! I met remarkable colleagues, professors, and had a unique experience as a Paris Peace Forum volunteer, assigned to the Montenegro delegation. You can access many academic opportunities, such as the European Forum Alpbach in Austria. One of my favourite courses was about great strategies in diplomacy, past and present, taught by Bruno Stagno Ugarte, Minister of Foreign Affairs of Costa Rica. I made the most out of my Sciences Po experience by joining different clubs as well, in the fields of diplomacy and debate. 

    Gabrijela: Reims being quite a small city, I found it easy to meet people, who came from everywhere. The course that made a lasting impression on me was about conflict-related sexual violence, taught by David Eichert. This excellent course focused on the way international criminal law evolved to include sexual violence. I do believe that I, too, can change the course of history. I used to complain about the way Sciences Po gave me so much work, but I can see now that it prepared me to think for myself, to be responsible. It enabled me to apply to this programme, filling in a comprehensive file.

    What advice would you give to sciences po students applying to the Schwarzman Scholars programme? 

    Daniela: Be open to getting out of your comfort zone, to consider living in other places that can challenge you, mentally and culturally. It can turn into the greatest opportunity for growth at all level.

    A Schwarzman recipient must meet three main criteria :

    • demonstrated leadership,
    • intellect,
    • exemplary character and integrity.

    Gabrijela: Be open to yourself and who you want to be, but also, try to be the best student you can be. 

    Both: Reach out to previous scholars, ask for help. Sciences Po has an alumni base for this programme now, rely on it, on its sense of community. We can’t wait to meet the 1,300+ programme graduates in 2026 for its 10th anniversary.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: School holiday meals for more children who are most in need thanks to transformative support package

    Source: United Kingdom – Executive Government & Departments

    Press release

    School holiday meals for more children who are most in need thanks to transformative support package

    Children most in need across the country will be kept from going hungry during the school holidays thanks to funding announced in the Spending Review.

    • Major support package will help ensure the poorest children don’t go hungry in the school holidays and give vital support to communities.
    • Latest pledge builds on existing commitments to help children including breakfast clubs and extension to free school meals entitlement. 
    • Funding announced in Spending Review and forms package to build financial security for communities as part of Government’s Plan for Change.

    Children most in need across the country will be kept from going hungry during the school holidays thanks to funding announced in the Spending Review. 

    This latest support for children will be delivered under a new £1 billion package – including Barnett consequentials funding – to reform crisis support, including the launch of a new Crisis and Resilience Fund. 

    As a multi-year deal, the Fund will for the first time give councils much needed certainty to protect households from falling into crisis and to provide vital support to those who need it most.  

    Local authorities will be empowered to best target support in their areas – including allocating funding to ensure children receive meals outside of term time. 

    Other examples could include bringing together existing services to deliver joined-up support such as on debt advice, income maximisation, budgeting and welfare support.

    The ambition to ensure no child goes hungry builds on the government’s pledge to ensure 500,000 more children become eligible for free school meals following the major expansion to breakfast clubs in England.  

    Children who are most in need already receive meals out of term time via the government’s Holiday Activities and Food (HAF) programme and the latest funding will extend this even further. 

    This marks a significant step in the government’s ambition to reduce child poverty and to end the mass dependence on emergency food parcels. 

    Work and Pensions Secretary Liz Kendall said: 

    No child should be left to go hungry and we are determined to do whatever it takes to tackle this issue. 

    Our commitment to feeding children most in need builds on measures like our expansion of free school meals – and we will be going further in our Child Poverty Strategy.

    The funding we have secured is a major part of our Plan for Change and will help ensure left behind families across the country can look forward to a brighter future.

    Education Secretary Bridget Phillipson said:

    This government is committed to delivering excellence for every child. 

    That is why, as part of our Plan for Change, we are rolling out free breakfast clubs and extending free school meals to deliver better life chances for all of our children. 

    The only hunger a child should have is a hunger to learn – we will make sure children’s backgrounds should not determine where they end up.

    The new Crisis and Resilience Fund will replace the Household Support Fund and launch from April 2026 – incorporating Discretionary Housing Payments. 

    The funding represents a total of £1 billion including Barnett consequentials – with £842 million allocated to England. 

    An allocation will go towards food support and meals to children during the holidays. Details will be set out in due course. 

    This comes alongside wider action to tackle poverty and make everyone better off – including increasing the National Minimum Wage for those on the lowest incomes and uprating benefits. 

    The government has also introduced a cap on how much Universal Credit can be taken for debt repayments – helping 1.2 million households become up to £420 better off. 

    Alongside this, the best route out of poverty for struggling families is well paid, secure work. That’s why the Government is delivering on its Get Britain Working reforms, to support people into good jobs, boost living standards and put money back into families’ pockets. 

    Additional Information:  

    • A total of £1 billion to reform crisis support (including £842 million for England) has been announced in the Spending Review. 

    • This includes funding for the new Crisis and Resilience Fund incorporating Discretionary Housing Payments as well as investment in ensuring the poorest children don’t go hungry in the holidays.

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: SEC Names Jamie Selway as Director of Trading and Markets

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission today announced the appointment of Jamie Selway, an accomplished financial markets leader, as Director of the Division of Trading and Markets, effective June 17, 2025.

    “I’d like to welcome Jamie to the SEC,” said SEC Chairman Paul S. Atkins. “He brings decades of industry experience in market structure and across multiple asset classes to this critical role. I look forward to working with him to protect our markets and ensure the agency’s regulations balance costs and benefits.”

    Mr. Selway was most recently a partner at Sophron Advisors, where he advised clients on capital markets issues. He was also a board member at Protego Holdings, board chair at AllofUs Financial and Skew, and served as an advisor to multiple financial technology companies. He previously was a managing director and head of electronic brokerage at Investment Technology Group, a global institutional broker. He co-founded institutional brokerage White Cap Trading, where he was a managing director and chairman. Earlier in his career, he was chief economist at Archipelago, worked in Equity Derivatives Research at Goldman Sachs, and was associate director of research at the National Association of Securities Dealers, which became the Financial Industry Regulatory Authority.

    “Chairman Atkins is bringing about a ‘new day’ at the SEC,” said Mr. Selway. “I thank him for selecting me to lead Trading and Markets at this exciting and pivotal time. Together, we will promote the SEC’s mission and enable innovation, to the benefit of our nation’s investors.”

    Mr. Selway has served on a number of industry committees and previously testified at Congressional and SEC roundtables. He is a member of the National Organization of Investment Professionals (NOIP) and the Investment Traders Association of Philadelphia, and has served as chair of NOIP and the NOIP Foundation. He previously was associate editor of the Journal of Trading.

    Mr. Selway received an M.S. in financial mathematics from the University of Chicago and a B.A. in mathematics and European history from Washington & Lee University.  

    MIL OSI USA News

  • MIL-OSI: Survey: Retailers raise prices and rebuild supply chains in the face of tariffs

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., June 13, 2025 (GLOBE NEWSWIRE) — As the ultimate level of import taxes awaits various court rulings, retailers are raising prices in response to the Trump Administration’s gyrating tariffs, according to survey results commerce protection provider Signifyd reported today.

    In fact, 76% of respondents said their businesses had increased the price of goods they sell to mitigate the cost of the new and expected tariffs, according to the poll of U.S. ecommerce professionals conducted for Signifyd by Talker Research. On average, the survey shows, retailers are passing along 51% of the cost of Trump’s import taxes.

    Overall, the surveyed merchants, in big numbers, have made big moves in the face of tariffs — including layoffs, store closings, moving production and product sources and rebalancing their inventory.

    “It isn’t surprising that retailers are taking dramatic action in the face of some pretty dramatic tariffs that have been implemented and proposed,” said Signifyd head of storytelling Mike Cassidy, who is overseeing the poll for Signifyd. “What surprised me was the big number of retailers — often in the 70-plus-percent range — that are significantly adjusting critical operations and strategies this early in the game.”

    The survey also indicates that retailers with online businesses have been scrambling since before the 2024 election to brace for higher import taxes.

    Signifyd Chief Customer Officer J. Bennett, who has been talking to retailers about their tariff strategies, is available to talk more about the survey results and their implications for the retail industry and the economy.

    Some additional findings from the survey follow below. For more on the poll and the tariffs’ effects on retail see Signifyd’s Merchant Tariff Tracker.

    The Signifyd Merchant Tariff Survey polled 500 U.S. retail professionals representing merchants with online operations. The survey, conducted between May 27 and June 2, 2025, had a margin of error of plus-or-minus 4.38%.

    Key Survey Results

    Below are the percentages of U.S. ecommerce professionals who said that in the face of current or pending Trump Administration tariffs their brands took the designated action.

    (Talker Research surveyed 500 U.S. ecommerce professionals.)

    Raised the retail price of goods they sell 76%
    Closed physical stores or otherwise reduced their business’s physical footprint 58%
    Laid off employees 55%
    Instituted a hiring freeze 63%
    Moved production from one country to another 61%
    Switched suppliers from higher tariff to lower tariff countries 71%
    Accelerated imports from countries subject to tariffs 71%
    Limited inventory/number of SKUs they sell that are subject to tariffs 71%
    Limited countries they sell/ship to 70%
    Substituted U.S.-sourced inventory for inventory subject to tariffs 72%
    Reduced the number or size of discounts and promotions to lower costs 75%
    Directly communicated to customers the cost of tariffs 73%
    Added an explicit line item at checkout detailing the additional tariff costs involved in a purchase 67%
    Increased the estimated delivery time to customers 76%

    Contacts
    Mike Cassidy
    Signifyd head of PR & storytelling
    mike.cassidy@signifyd.com

    The MIL Network

  • MIL-OSI Global: Nuclear energy is a risky investment, but that’s no reason for the UK government to avoid it

    Source: The Conversation – UK – By Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University

    Sizewell B on the UK’s Suffolk coast. Nick Beer/Shutterstock

    The UK government’s investment of around £14 billion in a new nuclear power plant marks a big economic shift for the country’s approach to energy.

    The Sizewell C plant in Suffolk will be the second of a new generation of reactors to be built in the country, after Hinkley Point C in Somerset, which is expected to open in 2031.

    French energy firm EDF is building Hinkley and will probably end up building Sizewell too. But it seems that the British government is finally prepared to take on the considerable financial risk which these projects bring.

    Previously it has preferred to look elsewhere. China, notably, has a longstanding appetite for investment in British infrastructure. (Although in 2022, the UK government bought back China’s stakes in Sizewell C amid geopolitical concerns.)

    But the money has to come from somewhere. And after EDF announced it wanted to limit its participation in Sizewell C – and in particular, exposure to the risk of cost overruns – the UK government has stepped in.

    EDF has has already lost a lot of money building Hinkley Point C. When construction began in 2017, costs were estimated at £18 billion.

    At the time, the UK government agreed to pay a set rate for the electricity produced so the French company could recoup its cost and make a reasonable profit. That price was perceived by some as as extremely high and remains higher than current wholesale prices.

    But as construction costs have more than doubled, the project has generated an estimated loss of around £13 billion for EDF. The company hopes to keep construction costs down this time, after similar costs overruns in projects it completed in France and in Finland.

    But now Sizewell C will only progress because the British government has said it will take on almost all of the financial risk.

    In doing so, the UK is not an outlier. In France, China and South Korea, nuclear power plants are built by state-owned companies. In the US, private companies are waiting for public funding to finance Donald Trump’s dream of a nuclear renaissance.

    And perhaps it’s an expense the state should be willing to take on.

    After all, although nuclear reactors (like solar farms and wind turbines) are expensive to set up, once they are built, the cost of producing electricity is very small.

    And if the long-term goal is to eliminate the need for fossil fuels, it means all electricity will need to come from a mixture of renewables, batteries and nuclear. Electricity could then become much cheaper than it is now.

    But building the means of creating this power comes with varying degrees of risk.

    Solar, for example, is not that risky. Panels are usually imported, there are no major safety concerns, and investors can roughly predict how much sun there will be in a typical year.

    For nuclear energy, production is also predictable. But the time it will take to complete construction of a plant and the associated costs are not.

    Part of this is down to choice. UK regulations around nuclear energy are complex and strict, and other countries build faster and cheaper. This may be why globally, solar power is attracting much more investment than other sources of energy.

    Political energy

    But this does not mean governments should ignore the nuclear option. One of the main reasons governments are useful to society is that they can afford to take risks that private investors cannot, and finance long term innovation.

    This in turn can lead to much greater strategic and geopolitical autonomy. While solar panels and batteries are getting ever cheaper, the vast majority of production is in China.

    Domestic production of nuclear allows for greater diversity in energy sourcing, and arguably from some more predictable partners. The key component, uranium, can be found in large quantities in places like Canada or Australia, or directly reused.

    Research suggests that nuclear energy may be particularly suited to feed the needs of digital datacentres and artificial intelligence.

    Meanwhile, the government also hopes to get small nuclear reactors from domestic producer Rolls Royce which could be built in factories at a much more predictable cost. Russia and China have each already built this kind of reactor.

    Plus there’s £2.5 billion for UK research on nuclear fusion, with the potential to deliver electricity on an unprecedented scale.

    No one knows if fusion will ever be possible. It is the kind of uncertain, incredibly expensive projects (with potentially massive returns) that pretty much no private investor would risk looking at.

    But again, it is the kind of bet only governments can take. For nuclear power, for reasons of scale, risk and uncertainty, is mostly a government business – and ultimately a political choice.

    It will take a long time to know if the decision to spend taxpayers’ money on Sizewell C was the right way to respond to the country’s energy needs. But ending reliance on private or foreign financing for nuclear projects could one day be seen as a positive reaction.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.


    Renaud Foucart 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. Nuclear energy is a risky investment, but that’s no reason for the UK government to avoid it – https://theconversation.com/nuclear-energy-is-a-risky-investment-but-thats-no-reason-for-the-uk-government-to-avoid-it-258645

    MIL OSI – Global Reports

  • MIL-OSI Africa: Deputy President to undertake working visit to Russia

    Source: South Africa News Agency

    Strengthening economic and trade relations will be at the core of Deputy President Paul Mashatile’s working visit to Russia.

    According to the Deputy President’s Office, the trip will focus on enhancing cooperation in key sectors, including agriculture, automotive, energy, and mining, as well as collaboration in science and technology.

    The working visit set for 17-21 June in Moscow and St. Petersburg, will involve high-level engagements and activities focused on economic diplomacy.

    In Moscow, Deputy President Mashatile will meet with Prime Minister Mikhail Mishustin to discuss cooperation in the areas of economy, trade, and energy.

    The Deputy President will meet with several high-ranking officials, including President Vladimir Putin, Valentina Matvienko, the Chairman of the Russian Federation Council, and Vyacheslav Volodin, the current Chairman of the State Duma, which is the lower house of the Russian Parliament.

    While in Moscow, the Deputy President will lay a wreath at the memorial site honouring South Africa’s liberation heroes, John Beaver (JB) Marks and Moses Kotane. 

    Following this, he will participate in the 28th St. Petersburg International Economic Forum (SPIEF2025).

    This year’s forum will be held from 19 to 21 June,  under the theme: “Shared Values: The Foundation of Growth in a Multipolar World.”

    The Deputy President will take part in the plenary session of SPIEF2025 while he has also received an invitation to speak at the Russia-Africa Business Dialogue.

    In addition, he is scheduled to deliver a public lecture at St. Petersburg State University on the topic: “South Africa’s G20 Presidency in a Rapidly Changing Geopolitical Environment.”

    He will address attendees at the opening of the South African Trade and Investment Seminar.

    “The St. Petersburg leg of the visit is expected to leverage on promoting South Africa’s trade relations and South Africa as an investment destination.” 

    According to the Deputy President’s Office, this trip will be his first visit to Russia since he took office under the seventh administration. 

    He will be accompanied by a delegation of Ministers and Deputy Ministers who are part of the Economic Sectors, Investment, Employment and Infrastructure Development Cabinet Cluster. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI United Kingdom: Canterbury is Best, Bar None!

    Source: City of Canterbury

    Hosted by Canterbury BID, the third annual Best Bar None awards took place on Wednesday 11 June, recognising the efforts of 33 venues in Canterbury.

    Best Bar None is a national accreditation scheme that recognises excellence in the hospitality industry, promoting safer and more welcoming nights out. Canterbury remains the leading location for accredited venues in Kent.

    The scheme was introduced by Kent Police, Canterbury City Council and Canterbury BID in 2022 and provides businesses with an official, independent, accreditation that shows customers how hard they work to provide a safe and welcoming place to visit while they are out socialising.

    This year’s ceremony took place at The Lounge Bar & Kitchen, with 33 businesses receiving their awards, along with 14 Special Achievements awards for those venues and individuals that have gone above and beyond in keeping our community safe.

    The event was opened by the Lord Mayor of Canterbury, Cllr Keji Moses, District Commander CI Paul Stoner and BID CEO Lisa Carlson.

    Awards for top scoring assessments were given to The Venue, Woody’s, Tokyo Tearoom and The Cricketers, while staff from Club Chemistry, McDonald’s, Boom Battle Bar, The Shakespeare and The Foundry BrewPub also received individual and special awards.

    Awards based on the highest scores achieved in the Best Bar None accreditation process:

    • Best Venue Management: The Venue
    • Best Staff Training & Care: Woody’s
    • Best Customer Safety & Welfare: Tokyo Tearooms
    • Best Customer Safety & Community: The Lounge
    • Best Newcomer: The Cricketers
    • Best Overall Venue: The Venue

    Individual and special awards based on the stories submitted by management about their staff and project work:

    • Special Recognition Award: Thomas Garncarek, Club Chemistry
    • Community Ambassador Award: McDonald’s Team
    • Best Commitment to Safety and Prevention: Chloe Petter, The Shakespeare
    • Best Dedicated Member of Staff: Ricky Richards, Boom Battle Bar
    • Best Diversity and Inclusion Awareness Award: Sarah and Alice from Club Chemistry
    • Best Customer Experience: Kristina Hopkins, The Shakespeare
    • Sustainability Award: The Foundry BrewPub
    • Outstanding Service: PC Danielle Rolfe, Kent Police

    Lisa Carlson, CEO Canterbury BID said: “Canterbury has been the proud receiver of the Purple Flag for 13 years, thanks to the existing partnership working between agencies, police and businesses and we are delighted to see that Best Bar None continues to grow in popularity.

    “When we started three years ago, 19 venues were accredited and we’re now up to 33. The scheme was so successful in its first year that we were part of the Kent-wide team that won the national Best Newcomer award because of the number of venues accredited in the first year (actually, within four months!).

    “Our licensed venues drive economic growth, support jobs and improve the quality of life for residents and visitors. They provide the vibrant cultural atmosphere that well and truly make Canterbury the best night out in Kent – and beyond!”

    PC Danielle Rolfe, Canterbury Licensing Officer, said: “Through the Best Bar None scheme, Kent Police is able to build stronger relationships with local venues. By working closely with businesses, officers are creating a safer local environment, helping to prevent crime and will gain the ability to identify suspects faster.

    “It is a pleasure to work alongside the venues and individuals that are being recognised at the event, and I congratulate them for their contribution to the community.”

    Cabinet member for community safety, Cllr Connie Nolan, said: “Our licensed premises play a vital role in the economic and social fabric of the city and residents and visitors need to know that when they are heading for a night out, they are doing so in well run, responsible and safe businesses.

    “It’s great to see such a range of pubs, clubs and restaurants being recognised in this year’s awards and I congratulate them all.

    “Managing the night-time economy is one big collaborative effort between the businesses and all the authorities and it’s by taking such an approach that Canterbury retains its reputation as a great and safe city to socialise in and spend time in.”

    The 33 venues to receive Best Bar None accreditation were:

    The Ballroom, The Bishops Finger, The Black Griffin, Boom Battle Bar, Canterbury Cathedral, Club Chemistry, The Cherry Tree, Citi Terrace, The Cosy Club, The Cricketers, The Cuban, Curzon Riverside, The Dolphin, The Lady Luck, Las Iguanas, Matches Sports Bar, McDonalds, The Miller’s Arms, Old City Bar, The Foundry BrewPub, The Lounge (Canterbury Christ Church University), The Parrot, The Penny Theatre, The Pound, The Seven Stars, The Shakespeare, Thomas Ingoldsby, Tokyo Tea Rooms, The Unicorn, The Venue (University of Kent), The Westgate Inn, Woody’s (University of Kent), Ye Olde Beverlie.

    Published: 13 June 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Christopher Hui visits Norway

    Source: Hong Kong Information Services

    Secretary for Financial Services & the Treasury Christopher Hui said during his visit to Oslo, Norway, on June 11 and 12 that Hong Kong and Norway could create a powerful synergy to address global challenges with regards to climate change and digital transformation, leveraging the complementary strengths of the two places.

    He was also pleased to note that after a meeting with the Norwegian Ministry of Finance, positive progress was made with the early signing of a comprehensive avoidance of double taxation agreement (CDTA) between Hong Kong and Norway.

    At a meeting with Norwegian State Secretary of the Ministry of Finance Torgeir Micaelsen and Director General of Tax Law Department Omar G Dajani on June 12, Mr Hui called for an early signing of a CDTA between the two places.

    Mr Micaelsen responded positively and indicated that they will look into the matter to expedite the process.

    The treasury chief also told the gathering that Hong Kong had just been confirmed by the International Financial Reporting Standards Foundation as being among the initial set of jurisdictions having set a target of fully adopting the ISSB Standards, affirming Hong Kong’s efforts and determination in supporting and promoting a common international language in sustainability disclosures.

    To unlock new opportunities in the area of maritime finance, Mr Hui visited Norwegian marine and energy insurance provider Gard, which has a strong presence in Hong Kong’s marine insurance market and provides services to manage maritime risk for clients, by meeting its Chief Customer Officer Line Dahle as well as Vice President and Head of Analytics Sigvald Fossum.

    He also met Vice-President and Director of Group Government and Public Affairs of DNV Lars Almklov. The global assurance and risk management company DNV has been recognised by the Hong Kong Monetary Authority as an approved external reviewer for the Green & Sustainable Finance Grant Scheme.

    Mr Hui told the management of the two companies that Hong Kong and Norway possess complementary strengths that can create a compelling case for financial co-operation. While Norway’s maritime industry is the cornerstone of its economy, Hong Kong’s maritime services industry is also a valued brand in the international arena.

    Joint ventures in maritime insurance could combine Norway’s expertise in marine risk management with Hong Kong’s accessibility, creating comprehensive solutions for the sector and addressing the new demands arising from geopolitical and climatic challenges.

    He highlighted that Hong Kong has a sophisticated ecosystem for ship financing and leasing, supported by tax incentives and its strategic location along global trade routes.

    On June 12, Mr Hui paid a courtesy call to Chinese Ambassador Extraordinary & Plenipotentiary to the Kingdom of Norway Hou Yue.

    He also had a meeting with Director of Politics & Society of Finance Norway Jan Erik Fane. Finance Norway is the industry organisation for the financial sector in Norway, representing banks, insurance companies and other financial institutions on regulatory, policy and industry developments.

    Mr Hui noted that the Norwegian sovereign fund is one of the largest funds in the world and is positioned as a pioneer in responsible investing with a strong emphasis on environmental, social and governance principles.

    He said that the shared focus of Hong Kong and Norway on sustainability creates significant opportunities for collaboration.

    At a dinner reception co-organised by the Hong Kong Economic & Trade Office, London, and the Norway-Hong Kong Chamber of Commerce on June 11, Mr Hui said that even though there is a geographical distance of around 8,600 km between Norway and Hong Kong, the two places share more commonalities in the financial market than perceived.

    The first one is the commitment to green and sustainable developments. The other commonality is expertise in wealth management.

    Mr Hui noted that Norway’s expertise in long-term asset management driven by its sovereign fund aligns seamlessly with Hong Kong’s position as Asia’s premier wealth management centre.

    Capitalising on Hong Kong’s advantages of having a solid financial infrastructure and an extensive international client base, abundant co-investment opportunities are available for Norwegian capital in the Asian markets, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area.

    Mr Hui returned to Hong Kong this evening.

    MIL OSI Asia Pacific News

  • MIL-OSI: Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 13 JUNE 2025 AT 15:40 P.M. EET, MAJOR SHAREHOLDER ANNOUNCEMENT


    Notification under Chapter 9, Section 10 of the Securities Market Act:
     Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent

    On 13 June 2025, Oma Savings Bank Plc (OmaSp) received a notification under Chapter 9, Section 5 of the Securities Market Act (SMA) from Parkanon Säästöpankkisäätiö (business ID 0136324-1), according to which Parkanon Säästöpankkisäätiö’s holding and voting rights in OmaSp decreased below 10 percent threshold on 12 June 2025.

    According to the announcement, Parkanon Säästöpankkisäätiö sr owns 3,330,000 OmaSp shares, corresponding to 9.99 percent of OmaSp’s shares and votes.

    OmaSp has one class of shares in which each share has one vote. The total number of shares is 33,317,089.

    The holding of Parkanon Säästöpankkisäätiö sr according to the announcement:

      % of shares and voting rights (A) % of shares and voting rights through financial instruments (B) Total of both in % (A+B) Total number of shares and voting rights of issuer
    Resulting situation on the date on which threshold was crossed or reached 9,99 NA 9,99 33 317 089
    Positions of previous notification (if threshold crossed) 10,00 NA 10,00 33 292 771

    Notified details of the resulting situation on the date on which the threshold was crossed or reached:

    A: Shares and voting rights:

    Class/type of shares Number of shares and
    voting rights
    % of shares and
    voting rights
    ISIN code Direct (SMA 9:5) Indirect
    (SMA 9:6 and 9:7)
    Direct (SMA 9:5) Indirect
    (SMA 9:6 and 9:7)
    FI4000306733 3 330 000 0 9,99 0
    A total 3 330 000 9,99


    Oma Savings Bank Plc

    Additional information:

    Karri Alameri, CEO, tel. +358 45 656 5250, karri.alameri@omasp.fi

    Distribution:

    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 600 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

    The MIL Network

  • MIL-OSI Global: Supreme Court ignores precedent instead of overruling it in allowing president to fire officials whom Congress tried to make independent

    Source: The Conversation – USA – By Claire B. Wofford, Associate Professor of Political Science, College of Charleston

    Can President Donald Trump — or any president — fire the heads of independent agencies created by Congress? Douglas Rissing/iStock via Getty Images Plus

    What may be one of the U.S. Supreme Court’s most important and far-reaching rulings in decades dropped in late May 2025 in an order that probably didn’t get a second – or even first – glance from most Americans.

    But this not-quite-two-page ruling, as technical and procedural as they come, potentially rewrites a major principle of constitutional law and may restructure the operation of the federal government.

    The case is dry in a way only lawyers could love, but its implications are enormous.

    Public mission, not presidential whims

    The dispute began when President Donald Trump fired two Biden-era officials: Gwynne Wilcox, a member of the National Labor Relations Board, and Cathy Harris, a member of the Merit Systems Protection Board.

    The National Labor Relations Board and the Merit Systems Protection Board, like the National Transportation Safety Board and the Federal Reserve, are among more than 50 independent agencies established by Congress to help the president carry out the law. Though technically located within the executive branch, independent agencies are designed to serve the public at large rather than the president.

    The dispute began when President Donald Trump fired board members of two independent agencies.
    Win McNamee/Getty Images

    To ensure these agencies are devoted to their public mission, not the will or whims of a president, congressional statutes generally permit the president to remove leaders of these agencies only for “good cause.” Malfeasance in office, neglect of duty, or inefficiency generally constitute “good cause.”

    Other executive branch agencies, such as the FBI, Food and Drug Administration and Department of Homeland Security are entirely under presidential command – if he wants their leaders out, out they go. But independent agencies, in existence since the late 19th century, are to carry out congressional policy free from the president’s purview and his political pressure.

    Because independent agencies are creatures of Congress housed within the executive branch, there is long-standing disagreement among scholars about just how much power the president should have over them.

    Limiting Congress, empowering the president

    In the two firings, there was agreement that Trump had violated the relevant statute by firing Wilcox and Harris without “good cause.”

    He justified Wilcox’s removal, in part, because she did not share his policy preferences. For Harris, he gave no reason at all.

    But the bigger issue was whether the law itself was constitutional: Could Congress limit why or how a president can remove employees of the executive branch?

    The root of the problem lies within the Constitution. Although Article 2 specifically gives the president the power to “appoint” certain federal officials, it says nothing about the power to fire -– or “remove” – them.

    Conservative legal scholars propose, under what’s called the “unitary executive theory,” that because the president “is” the executive branch, he has complete authority, including removal, over all who serve within it. Only with the unfettered ability to fire anyone who serves under him can the president fulfill his constitutionally mandated duty to ensure that “the Laws be faithfully executed.”

    Opponents have countered that this ignores fundamental aspects of our constitutional framework: the framers’ devotion to checks and balances, their aversion toward monarchical, kinglike rule, and their determination to put policymaking in the hands of Congress.

    These questions are not new.

    The Supreme Court first took up the issue in 1926 in Myers v. United States, when Chief Justice – and former president – William Howard Taft held that Congress could not limit the president’s ability to fire an Oregon postmaster, writing that “the power to remove inferior executive officers … is an incident of the power to appoint them.”

    Less than a decade later, however, the court ruled in Humphrey’s Executor v. United States that the Constitution did not grant the president an “illimitable power of removal,” at least over certain types of officials. This included the head of the Federal Trade Commission, whose firing by President Franklin Roosevelt had sparked the case.

    Humphrey’s Executor stood basically untouched for decades, until Justices John Roberts and Samuel Alito – both of whom had previously served in the executive branch – were appointed.

    With a now-solid conservative majority, the Supreme Court invalidated restrictions on the president’s ability to remove members of the Public Company Accounting Oversight Board in 2009.

    Two years after the arrival of fellow executive branch alumnus Brett Kavanaugh in 2018, the court struck down the “good cause” removal restriction for the head of the Consumer Financial Protection Bureau.

    Rather than explicitly overrule Humphrey’s Executor, however, the justices declared that these agencies were factually distinct from the Federal Trade Commission – leaders of one were protected by a “two-layer” removal system and the other because it was run by a single individual, not a multimember board.

    ‘Massive change in the law’

    Because Humphrey’s Executor was still good law, and the National Labor Relations Board and the Merit Systems Protection Board were structured like the Federal Trade Commission, district courts in 2025 initially held that the firings of Wilcox and Harris were unlawful.

    On April 9, 2025, Trump filed an emergency appeal with the Supreme Court, asking it to put the district court decisions on hold. On May 22, the Supreme Court granted that request, at least while the cases proceed through the lower courts.

    The court did not decide on the constitutionality of the removal statute, but the ruling is nonetheless a major victory for Trump. He can now fire not only Wilcox and Harris but also potentially the heads of any independent agency. Low-level civil servants may also be at risk.

    In the unsigned order, the high court echoed unitary executive theory, stating, “Because the Constitution vests the executive power in the Presidents … he may remove without cause executive officers who exercise that power on his behalf, subject to narrow exceptions.” It simply ignored Humphrey’s Executor altogether, leaving its value as precedent unclear.

    The Supreme Court also said that the holding did not apply to the Federal Reserve Board. That “uniquely structured, quasi-private entity” would remain free from executive control via removal.

    Such an explicit carve-out in legal doctrine is striking but responds directly to claims made by litigants and political commentators of the dire economic consequences that could result were the president to have free rein over the Federal Reserve’s chairman.

    In dissent, Justice Elena Kagan blasted the majority for allowing the president to overrule Humphrey’s Executor “by fiat,” a result made even worse because the court had done so via the so-called shadow docket, in the absence of full briefing or oral argument. Such “short-circuiting” of the “usual deliberative process” is, she wrote, a wholly inappropriate way to make a “massive change in the law.”

    After the appointments of conservatives John Roberts, left, and Samuel Alito, the Supreme Court in 2009 invalidated restrictions on the president’s ability to remove members of an independent agency.
    Alex Wong/Getty Images

    The shadow of Humphrey’s Executor

    What happens now?

    The National Labor Relations Board is paralyzed, and the Merit Systems Protection Board is somewhat hamstrung, with both lacking the quorum necessary to act. Cases about the firing of Harris, Wilcox and multiple other officials will bedevil lower courts as they try to figure out whether Humphrey’s Executor still stands, even as a shadow of its former self.

    Trump aims to continue axing federal employees, even as the administration struggles to rehire others.

    And, already asked again to make major legal change on its emergency docket, the Supreme Court will need to determine whether such change warrants more than the few paragraphs of explanation it gave in the ruling on the Wilcox and Harris firings.

    If, as seems likely, the court ultimately overturns Humphrey’s Executor, Kagan’s dissent serves as a warning voiced by others as well: A decision that allows the president to have total control over the heads of more than 50 independent agencies – agencies that pursue the public interest in areas from financial regulation to the environment, to nuclear safety – could shift their focus from serving the public to pleasing the president, profoundly affecting the lives of many Americans.

    In 2022, I donated $20 to ActBlue.

    ref. Supreme Court ignores precedent instead of overruling it in allowing president to fire officials whom Congress tried to make independent – https://theconversation.com/supreme-court-ignores-precedent-instead-of-overruling-it-in-allowing-president-to-fire-officials-whom-congress-tried-to-make-independent-257784

    MIL OSI – Global Reports

  • MIL-OSI Security: Cryptocurrency Financial Services Firm “Gotbit” and Founder Sentenced for Market Manipulation and Fraud Conspiracy

    Source: Office of United States Attorneys

    BOSTON – Gotbit Consulting LLC (Gotbit), a financial services firm known in the cryptocurrency industry as a “market maker,” was sentenced yesterday in federal court in Boston for criminal charges relating to Gotbit’s fraudulent manipulation of cryptocurrency trading volume on behalf of client cryptocurrency companies.  

    Aleksei Andriunin, 26, of Russia and Portugal, was sentenced by U.S. District Court Judge Angel Kelley to eight months in prison, to be followed by one year of supervised release. In March 2025, Andriunin pleaded guilty to charges of wire fraud and conspiracy to commit market manipulation and wire fraud. Andriunin was arrested in Portugal on Oct. 8, 2024 and extradited to the United States on Feb. 25, 2025.

    As part of its criminal resolution, Gotbit was ordered to forfeit a total of approximately $23 million in seized cryptocurrency. The court also sentenced Gotbit to a term of probation for five years, during which time Gotbit shall cease to exist or operate.

    Gotbit and Andriunin were indicted by a federal grand jury on the same charges in October 2024. The indictment also charges two of Gotbit’s directors, Fedor Kedrov and Qawi Jalili.

    Gotbit was a well-known “market maker” in the cryptocurrency industry. Between 2018 and 2024, Gotbit provided market manipulation services to create artificial trading volume for multiple cryptocurrency companies, including companies located in the United States and companies whose cryptocurrencies traded on platforms available to investors located in the United States. Andriunin was Gotbit’s Founder and Chief Executive Officer. In a 2019 interview, Andriunin described how he developed a code to “wash trade” cryptocurrencies to artificially inflate trading volume for the purpose of getting cryptocurrencies listed on CoinMarketCap (a website that published information about “trending” cryptocurrencies) and trading on larger cryptocurrency exchanges. Andriunin and Gotbit’s employees marketed these wash trading tactics to prospective clients and explained how Gotbit used multiple accounts to avoid detection of the wash trades on the public blockchain. Gotbit made wash trades worth millions of dollars on behalf of clients and received tens of millions of dollars in payments from clients.

    Gotbit admitted that it engaged in manipulative trades to artificially increase the trading price and volume of tokens for clients that included Robo Inu and Saitama. Leaders of those cryptocurrency companies were charged in separate cases unsealed in October 2024.

    Gotbit is the third market maker to resolve criminal charges relating to wash trading in the cryptocurrency industry. In October 2024, the founder of MyTrade pleaded guilty in connection with providing an unlawful wash trading service identified through an undercover law enforcement operation. In April 2025, CLS Global FZC LLC was sentenced in connection with offering illegal “volume support” services uncovered by the same operation.

    The Securities & Exchange Commission brought a related civil enforcement action against Gotbit alleging violations of the securities laws.

    United States Attorney Leah B. Foley and Kimberly Milka, Acting Special Agent in Charge of the Federal Bureau of Investigations, Boston Division made the announcement. Assistant U.S. Attorneys Christopher J. Markham and David M. Holcomb of the Criminal Division prosecuted the case. Assistant U.S. Attorney Carol Head, Chief of the Asset Recovery Unit is handling the forfeiture matter.
     

    MIL Security OSI

  • MIL-OSI: Dan IVES AI Revolution ETF Surpasses $100 Million AUM Within First Trading Week of Wedbush Fund Advisers’ Inaugural Offering

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 13, 2025 (GLOBE NEWSWIRE) — Wedbush Fund Advisers today announced that the Dan IVES Wedbush AI Revolution ETF (Ticker: IVES) has exceeded $100 million in assets under management (AUM) within its first 5 trading days.

    Built on the proprietary research of Dan Ives, Wedbush Managing Director and Global Head of Technology Research, IVES delivers focused exposure to 30 public companies powering the real-world deployment of artificial intelligence. The portfolio spans AI infrastructure and applications across semiconductors, hyperscalers, cybersecurity, cloud, robotics, and consumer platforms, forming a diversified yet high-conviction AI basket grounded in fundamental research.

    “Wedbush’s entry into Investment Management is a natural strategic expansion for the firm,” said Kevin White, EVP and Senior Advisor, Head of Investment Management at Wedbush Financial Services. “We are committed to delivering bespoke, cutting-edge, research-driven investment opportunities for our Global Family Office Services, Wealth and RIA clients. IVES is simply our beginning.”

    “Crossing the $100 million mark in its first week is a clear signal that investors are looking for targeted, high-conviction access to the AI ecosystem,” said Cullen Rogers, Chief Investment Officer at Wedbush Fund Advisers. “We’re grateful to the early ETF investors for validating both the strength of Dan Ives’ research and the growing appetite for thematically precise strategies.”

    IVES represents a unique extension of Wedbush’s longstanding technology expertise into the ETF market. Its early success reflects the demand for differentiated research applied through a liquid, cost-effective investment vehicle.

    About Wedbush Fund Advisers, LLC

    Wedbush Fund Advisers launched in 2024 to build on Wedbush’s 70-year legacy of market insight, innovation, and client trust. Our mission is to design forward-thinking investment strategies that reflect the evolving nature of markets and investor priorities. Backed by a seasoned team with decades of asset management experience, we are committed to building a trusted platform that extends Wedbush’s tradition of excellence into the next era of investment innovation.

    Media Inquiries

    Deborah Kostroun
    Phone: +1 201 403-8185
    Email: deborah@zitopartners.com

    Important Information

    Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

    Carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds’ prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.wedbushfunds.com. Read the prospectus carefully before investing.

    AI Technology Risk. AI technology is generally highly reliant on the collection and analysis of large amounts of data, and it is not possible or practicable to incorporate all relevant data into the model that such AI utilizes to operate. Certain data in such models will inevitably contain a degree of inaccuracy and error – potentially materially so – and could otherwise be inadequate or flawed, which would be likely to degrade the effectiveness of the AI technology. Companies involved in, or exposed to, artificial intelligence-related businesses may have limited product lines, markets, financial resources or personnel. These companies face intense competition and potentially rapid product obsolescence, and many depend significantly on retaining and growing the consumer base of their respective products and services. Many of these companies are also reliant on the end-user demand of products and services in various industries that may in part utilize artificial intelligence. Further, many companies involved in, or exposed to, artificial intelligence-related businesses may be substantially exposed to the market and business risks of other industries or sectors, and the Fund may be adversely affected by negative developments impacting those companies, industries or sectors.

    Calculation Methodology Risk. The Index relies directly or indirectly on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or a correct valuation of securities, nor can they guarantee the availability or timeliness of the production of the Index.

    Concentration Risk. The Fund’s investments will be concentrated in an industry or group of industries to the extent that the Index is so concentrated. In such event, the value of the Shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries.

    Investing involves risk, including possible loss of principal. Narrowly focused thematic investments will be more susceptible to factors affecting that sector and subject to more volatility.

    The Wedbush Funds are distributed by Foreside Fund Services, LLC. Wedbush Fund Advisers, LLC and Foreside Fund Services, LLC, are not affiliated.

    Investment products are not insured by the FDIC or any federal government agency, may lose value, and are not a deposit of or guaranteed by any bank or any bank affiliate.

    The MIL Network

  • MIL-OSI Global: Sly Stone turned isolation into inspiration, forging a path for a generation of music-makers

    Source: The Conversation – USA – By Jose Valentino Ruiz, Associate Professsor of Music Business and Entrepreneurship, University of Florida

    The charismatic front man of Sly and the Family Stone died on June 9, 2025, at the age of 82. Michael Ochs Archives/Getty Images

    In the fall of 1971, Sly and the Family Stone’s “There’s a Riot Goin’ On” landed like a quiet revolution. After two years of silence following the band’s mainstream success, fans expected more feel-good funk from the ensemble.

    What they got instead was something murkier and more fractured, yet deeply intimate and experimental. This was not just an album; it was the sound of a restless mind rebuilding music from the inside out.

    At the center of it all was front man Sly Stone.

    Long before the home studio became an industry norm, Stone, who died on June 9, 2025, turned the studio into both a sanctuary and an instrument. And long before sampling defined the sound of hip-hop, he was using tape and machine rhythms to deconstruct existing songs to cobble together new ones.

    As someone who spends much of their time working on remote recording and audio production – from building full arrangements solo to collaborating digitally across continents – I’m deeply indebted to Sly Stone’s approach to making music.

    He was among the first major artists to fully embrace the recording environment as a space to compose rather than perform. Every reverb bounce, every drum machine tick, every overdubbed breath became part of the writing process.

    From studio rat to bedroom producer

    Sly and the Family Stone’s early albums – including “Dance to the Music” and “Stand!” – were recorded at top-tier facilities like CBS Studios in Los Angeles under the technical guidance of engineers such as Don Puluse and with oversight from producer David Rubinson.

    These sessions yielded bright, radio-friendly tracks that emphasized tight horn sections, group vocals and a polished sound. Producers also prized the energy of live performance, so the full band would record together in real time.

    But by the early 1970s, Stone was burnt out. The dual pressures of fame and industry demands were becoming too much. Struggling with cocaine and PCP addiction, he’d grown increasingly distrustful of bandmates, label executives and even his friends.

    So he decided to retreat to his hillside mansion in Bel Air, California, transforming his home into a musical bunker. Inside, he could work on his own terms: isolated and erratic, but free.

    Stone relied heavily on overdubbing when recording music from his home.
    Richard McCaffrey/Michael Ochs Archives via Getty Images

    Without a full band present, Stone became a one-man ensemble. He leaned heavily into overdubbing – recording one instrument at a time and building his songs from fragments. Using multiple tape machines, he’d layer each part onto previous takes.

    The resulting album, “There’s a Riot Goin’ On,” was like nothing he’d previously recorded. It sounds murky, jagged and disjointed. But it’s also deeply intentional, as if every imperfection was part of the design.

    In “The Poetics of Rock,” musicologist Albin Zak describes this “composerly” approach to production, where recording itself becomes a form of writing, not just documentation. Stone’s process for “There’s a Riot Goin’ On” reflects this mindset: Each overdub, rhythm loop and sonic imperfection functions more like a brushstroke than a performance.

    Automating the groove

    A key part of Stone’s tool kit was the Maestro Rhythm King, a preset drum machine he used extensively.

    It wasn’t the first rhythm box on the market. But Stone’s use of it was arguably the first time such a machine shaped the entire aesthetic of a mainstream album. The drum parts on his track “Family Affair,” for example, don’t swing – they tick. What might have been viewed as soulless became its own kind of soul.

    This early embrace of mechanical rhythm prefigured what would later become a foundation of hip-hop and electronic music. In his book “Dawn of the DAW,” music technology scholar Adam Patrick Bell calls this shift “a redefinition of groove,” noting how drum machines like the Rhythm King encouraged musicians to rethink their songwriting process, building tracks in shorter, repeatable sections while emphasizing steady, looped rhythms rather than free-flowing performances.

    Though samplers wouldn’t emerge until years later, Stone’s work already contained that repetition, layering and loop-based construction that would become characteristic of the practice.

    He recorded his own parts the way future DJs would splice records – isolated, reshuffled, rhythmically obsessed. His overdubbed bass lines, keyboard vamps and vocal murmurs often sounded like puzzle pieces from other songs.

    Music scholar Will Fulton, in his study of Black studio innovation, notes how producers like Stone helped pioneer a fragment-based approach to music-making that would become central to hip-hop’s DNA. Stone’s process anticipated the mentality that a song isn’t necessarily something written top to bottom, but something assembled, brick by brick, from what’s available.

    Perhaps not surprisingly, Stone’s tracks have been sampled relentlessly. In “Bring That Beat Back,” music critic Nate Patrin identifies Stone as one of the most sample-friendly artists of the 1970s – not because of his commercial hits, but because of how much sonic space he left in his tracks: the open-ended grooves, unusual textures and slippery emotional tone.

    You can hear his sounds in famous tracks such as 2Pac’s “If My Homie Calls,” which samples “Sing a Simple Song”; A Tribe Called Quest’s “The Jam,” which draws from “Family Affair”; and De La Soul’s “Plug Tunin’,” which flips “You Can Make It If You Try.”

    The studio as instrument

    While Sly’s approach was groundbreaking, he wasn’t entirely alone. Around the same time, artists such as Brian Wilson and The Rolling Stones were experimenting with home and nontraditional recording environments – Wilson famously retreating to his home studio during “Pet Sounds,” and the Stones tracking “Exile on Main St.” in a French villa.

    Yet in the world of Black music, production remained largely centralized in institutionally controlled studio systems such as Motown in Detroit and Stax in Memphis, where sound was tightly managed by in-house producers and engineers. In that context, Stone’s decision to isolate, self-produce and dismantle the standard workflow was more than a technical choice: It was a radical act of autonomy.

    The rise of home recording didn’t just change who could make music. It changed what music felt like. It made music more internal, iterative and intimate.

    Sly Stone helped invent that feeling.

    It’s easy to hear “There’s a Riot Goin’ On” as murky or uneven. The mix is dense with tape hiss, drum machines drift in and out of sync, and vocals often feel buried or half-whispered.

    But it’s also, in a way, prophetic.

    It anticipated the aesthetics of bedroom pop, the cut-and-paste style of modern music software, the shuffle of playlists and the recycling of sounds that defines sample culture. It showed that a groove didn’t need to be spontaneous to be soulful, and that solitude could be a powerful creative tool, not a limitation.

    In my own practice, I often record alone, passing files back and forth, building from templates and mapping rhythm to grid – as do millions of musical artists who compose tracks from their bedrooms, closets and garages.

    Half a century ago, a funk pioneer led the way. I think it’s safe to say that Sly Stone quietly changed the process of making music forever – and in the funkiest way possible.

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

    ref. Sly Stone turned isolation into inspiration, forging a path for a generation of music-makers – https://theconversation.com/sly-stone-turned-isolation-into-inspiration-forging-a-path-for-a-generation-of-music-makers-258659

    MIL OSI – Global Reports

  • MIL-OSI Africa: Ghana Accelerates Efforts to Boost Intra-African Trade

    Ghana is fast-tracking the implementation of the African Continental Free Trade Area (AfCFTA) to unlock new opportunities for Ghanaian businesses across Africa by moving beyond commodity-based trade towards value addition for its traditional exports such as gold, oil and cocoa. 

    Speaking during the Ghana Intra-African Trade Fair (IATF) 2025 Business Roadshow, Ghana’s Minister for Trade, Agribusiness, and Industry, Hon. Elizabeth Ofosu-Adjare highlighted the government’s commitment to creating an enabling environment for businesses to thrive under AfCFTA by improving trade infrastructure, financing and market access. 

    “Under our Market Expansion Programme, the National AfCFTA Coordination Office is providing firm-level support to over 2,000 MSMEs in Ghana. This includes sensitization, market readiness training programmes, training on AfCFTA’s Rules of Origin, trade finance and market access initiatives. Ghana has also conducted targeted trade expeditions to East Africa, taking Ghanaian businesses to Kenya, Tanzania and Rwanda to explore real-time opportunities and negotiate supply contracts,” the Minister said in a speech read on her behalf by the Acting National Coordinator, National AfCFTA Coordination Office, Benjamin Kwaku Asiam. 

    The Ghana IATF2025 Business Roadshow brought together government officials, the trade community, including businesses and investors, and executives from the African Export-Import Bank (Afreximbank). The event focused on promoting intra-African trade under the theme: Harnessing Regional and Continental Value Chains: Accelerating Africa’s Industrialisation and Global Competitiveness through AfCFTA. 

    The Business Roadshow is one of five planned in Accra, Nairobi, Johannesburg, Lagos, and Algiers ahead of the fourth edition of the biennial Intra-African Trade Fair 2025 (IATF2025), scheduled to take place in Algiers, Algeria, from 4 – 10 September 2025. IATF is Africa’s premier trade and investment event, held by Afreximbank, in collaboration with the African Union Commission and the AfCFTA Secretariat, and provides a platform for businesses to showcase their goods and exchange trade and investment information within the continent’s single market. 

    In his keynote address, the Secretary General of the AfCFTA Secretariat, H.E. Wamkele Mene noted that the IATF offers an unparalleled platform for the exchange of trade and investment information; and is a marketplace of ideas, opportunities, and partnerships.  

    “As we work to scale up intra-African trade, build regional value chains, and accelerate industrialisation, IATF serves as a key platform for connecting African businesses, investors, governments, and innovators. It is a catalyst for turning the promise of AfCFTA into concrete outcomes: trade deals signed, investments mobilised, and jobs created. By establishing a large, integrated market, AfCFTA encourages countries to specialize and add value to products, attracting investment and creating jobs,” H.E. Mene said, adding that this supports economic diversification, poverty reduction, and Africa’s vision for sustainable and inclusive development. 

    Afreximbank’s Group Chief Economist & Managing Director, Research, Dr. Yemi Kale described IATF as AfCFTA’s commercial marketplace, which brings to life Africa’s efforts to trade more with itself not only in raw materials, but also in value-added goods, services, and innovations. 

    “One of the persistent barriers to intra-African trade is not tariffs or logistics alone—but also access to accurate, timely, and actionable market intelligence. Trade cannot flourish in the absence of information,” Dr Kale said, adding that IATF2025 provides a platform for addressing this. He invited Ghanaian businesses and government agencies to participate in IATF2025, where over 2,000 exhibitors from Africa and beyond will showcase their products to more than 35,000 visitors and buyers from over 140 countries, with trade and investment deals projected to exceed US$44 billion. 

    Cumulatively, IATF has attracted over 4,500 exhibitors, more than 70,000 visitors, and facilitated over US$100 billion in deals. The last edition held in Cairo attracted nearly 2,000 exhibitors from 65 countries generated US$43.7 billion in trade and investment deals. 

    The upcoming IATF2025 will be hosted by the Government of the People’s Democratic Republic of Algeria. Speaking at the Business Roadshow, Algeria’s Ambassador to Ghana, H.E. Mourad Louhaidia welcomed visitors and exhibitors to Algiers, pledging his government’s commitment to facilitate a successful IATF2025 by mobilising transport and hospitality infrastructure and facilitating smooth entry for all participants into the country. 

    “The Algerian embassy will fast track processing of visas for all participants from Ghana. We have set up a dedicated team at the embassy to handle all information requests and visa applications to participate in IATF2025,” H.E. Louhaidia added.  

    IATF2025 will feature a trade exhibition, the Creative Africa Nexus (CANEX) programme spotlighting cultural industries, a four-day Trade and Investment Forum, and the Africa Automotive Show. Special Days will highlight countries, public and private sector entities, tourism, cultural attractions, and Global Africa Day celebrating ties with the African diaspora. 

    Additional activities include business-to-business and business-to-government matchmaking, the AU Youth Start-Up programme, the Africa Research and Innovation Hub, and the African Sub-Sovereign Governments Network (AfSNET) to promote local trade and cultural exchanges. The IATF Virtual platform is also live, connecting exhibitors and visitors all year-round. 

    Ghanaian IATF Ambassador and Chairman, Oakwood Green Africa, Gabriel Edgal said: “Long before borders were drawn, Africa thrived as a connected economy. Trade was a way of life. Value was created locally. Progress moved through relationships and exchange. Across the world, we see increasing protectionism. Traditional aid partners are looking increasingly inward. The global economic tide is shifting, and everybody is focusing on themselves instead. I believe this is a wake-up call — that we need to now be more deliberate about trading among ourselves, to create interconnected prosperity, to trade among ourselves, build with ourselves, and grow for ourselves. It is time for action”. 

    Ghana has been recognized as a leading example in AfCFTA implementation, with the government actively facilitating private sector participation through the National Coordination Office and initiatives like the Guided Trade Initiative, which has seen Ghanaian companies successfully trade with neighbouring African countries 

    To participate in IATF2025 please visit www.IntrAfricanTradeFair.com.  

    Distributed by APO Group on behalf of Afreximbank.

    Media contact: 
    media@intrafricatradefair.com
     press@afreximbank.com

    About the Intra-African Trade Fair:
    Organised by the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, the Intra-African Trade Fair (IATF) is intended to provide a unique platform for facilitating trade and investment information exchange in support of increased intra-African trade and investment, especially in the context of implementing the African Continental Free Trade Agreement (AfCFTA). IATF brings together continental and global players to showcase and exhibit their goods and services and to explore business and investment opportunities in the continent. It also provides a platform to share trade, investment and market information with stakeholders and allows participants to discuss and identify solutions to the challenges confronting intra-African trade and investment. In addition to African participants, the Trade Fair is also open to businesses and investors from non-African countries interested in doing business in Africa and in supporting the continent’s transformation through industrialisation and export development. 

    MIL OSI Africa

  • MIL-OSI Banking: Identity fraud: BaFin additionally warns consumers about the website goldingdigital.net

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    On 22 May 2025, BaFin issued a warning about the services being offered on the website goldingdigital.com, which has since been deactivated. The unknown operators are now using the website goldingdigital.net. BaFin suspects the operators of this website of offering consumers financial and investment services without the required authorisation. Contrary to the claims on the website, the services being offered do not originate from Golding Capital Partners GmbH, which has its registered office in Munich. This is a case of identity fraud.

    BaFin is issuing this warning on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: Ethical Pixels® Joins Growing Number of Preston Living Wage Employers

    Source: City of Preston

    Award-winning digital agency Ethical Pixels® has proudly announced its accreditation as a Living Wage Employer, reinforcing its commitment to ethical business practices and fair treatment of staff.

    The Preston-based agency’s accreditation brings the total number of Living Wage employers headquartered in Preston to 35, a figure that highlights the city’s ongoing commitment to its Living Wage City status, awarded in November last year.

    “Paying a real Living Wage isn’t just the right thing to do, it improves staff well-being, retention and morale.”

    Larry Brangwyn, Managing Director at Ethical Pixels said:

    We are thrilled to announce our accreditation by the Living Wage Foundation, reaffirming our commitment to ethical business practices and the fair treatment of our team. By making use of the flexible and reasonably priced co-working facilities provided by Society1 in Preston has reduced overheads and made us more able as a business to commit to initiatives like the Living Wage.”

    To mark the milestone, we spoke with Larry, alongside Drishya, Junior UX Designer, and Michael, Junior Web Developer, about their journey to accreditation and what it means for them as a business and as individuals.

    Why Ethical Pixels® Chose Living Wage Accreditation, for Larry, the decision was an easy one:

    At Ethical Pixels®, we believe that responsible business practices extend beyond the work we deliver. They start with how we treat our people. Becoming an accredited Living Wage Employer reflects our commitment to fairness, transparency, and social responsibility. We know that financial security is essential for well-being, and paying a real Living Wage ensures our team feels valued and supported. As a company that champions responsible business practices and technology usage for others, it’s only right that we apply those same principles to how we operate internally, creating a positive impact for both our employees and the wider community.”

    A Straightforward Process with Real Impact, Larry described the accreditation process as refreshingly simple:

    The process of becoming accredited as a Living Wage Employer was really straightforward. There was clear guidance, the steps were transparent, and we’ve received lots of ongoing support and advice. We believe that many other businesses are likely already meeting the criteria (or aren’t far off) and could become accredited quickly and easily.”

    The Benefits of Being a Living Wage Employer, asked why other businesses should consider accreditation, Larry was clear:

    We’d recommend Living Wage accreditation to any business that values its people and wants to make a real, measurable impact. Paying a real Living Wage isn’t just the right thing to do, it improves staff well-being, retention, and morale while promoting a positive workplace culture. It also signals to clients and partners that the business is committed to fairness and ethical practices.”

    For Ethical Pixels® employees, the difference is personal and immediate, Drishya shared:

    Getting paid over the Living Wage means I am significantly less worried about making ends meet. It’s a relief knowing I’m being compensated fairly, and that peace of mind makes it so much easier to focus on the job I genuinely love. I would recommend it to other businesses because when everyone is getting paid fairly, the work environment just becomes more positive. It makes me feel more respected and valued as an employee.”

    Michael agreed:

    Speaking as an employee, I feel more motivated to give my best effort because know I am working for someone that has genuine care for their employees. I think it’s a good idea for businesses to help motivate their workforce. It’s a comfort to know that I am always being paid a fair amount.”

    The Preston Living Wage Action Group welcomed Ethical Pixels®‘ accreditation, calling it another important step towards their ambition of seeing more local employers commit to paying the real Living Wage — ensuring workers can meet the actual cost of living.

    For those considering following in their footsteps and becoming an accredited Living Wage Employer please visit Preston Real Living Wage

    MIL OSI United Kingdom

  • MIL-OSI NGOs: “We’re Not Just Marching – We’re Building the Future”: Joburg Youth Lead the Charge for Green Jobs This Youth Day

    Source: Greenpeace Statement –

    Johannesburg, 13 June 2025 –  Hundreds of young people flooded the streets of Johannesburg in a powerful call for economic justice through climate action. Backed by Greenpeace Africa, they waved hand-painted placards, their chants echoing across pavements, in a shared urgency drawn together by a generation raised on promises — and now demanding delivery. This Youth Day, South Africa’s youth were not just commemorating the past; they marched for a future they refuse to be excluded from.

    At the heart of their demand was a clear message: a Just Transition must mean green jobs for young people, now.

    “We don’t want to be statistics anymore. We want to be builders of the new economy,” said Aphiwe, a 24-year-old graduate who’s been unemployed for over a year. “Give us the skills. Give us the tools. Let us work — not just survive.”

    With youth unemployment sitting above 60%, South Africa’s young people are caught in a worsening economic storm. Yet they also represent the country’s greatest untapped human resource; bold, informed, and ready to act. The renewable energy sector offers a lifeline: up to five times more jobs than the fossil fuel economy.

    But that opportunity remains out of reach for many. Through this march, the youth-  in a memorandum presented to the labour ministry – demanded access to skilling and upskilling programmes, inclusion in climate and economic planning, and investment in clean energy infrastructure that benefits communities, not corporations.

    “South Africa’s young people aren’t just demanding jobs. They’re demanding a future where those jobs are sustainable, dignified, and part of solving the climate crisis,” says Siyabonga Myeza, Climate and Energy Campaigner, Greenpeace Africa.

    This isn’t the first time youth have taken to the streets on June 16, a date seared into South African memory. In 1976, students marched for the right to education. In 2025, they march for the right to work, to be heard, and to live on a planet that hasn’t been plundered past repair.

    “This generation sees the link between economic injustice and climate injustice. Their message is clear: we cannot afford to wait any longer,” said Cynthia Moyo, Climate and Energy Campaigner, Greenpeace Africa.

    Greenpeace Africa stands shoulder-to-shoulder with these young leaders, calling on the South African government, private sector, and civil society to honour their vision, not with speeches but with action.

    This Youth Day, the call will ring out from city streets and rural corners alike:
    “No jobs on a dead planet. No future without the youth.”

    ENDS.

    For more information, contact:

    Ferdinand Omondi, Communication and Story Manager, Greenpeace Africa, email: [email protected], cell: +254 722 505 233

    Greenpeace Africa Press Desk:[email protected]


    MIL OSI NGO

  • MIL-OSI United Kingdom: UK and Scottish governments join forces to boost Scottish growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK and Scottish governments join forces to boost Scottish growth

    Scottish Secretary and Minister for Business co-chair business forum

    • Business and trade union groups working with governments to grow Scotland’s economy faster
    •  Murray urges new collaboration for Scotland’s defence industry

    For the first time in more than two years, the Scottish Business Growth Group was convened in Edinburgh today, bringing the UK and Scottish governments together with business leaders to discuss how they can deliver economic growth.

    The forum, jointly chaired by the Scottish Secretary Ian Murray and the Scottish Government’s Minister for Business Richard Lochhead, brings together officials from both of Scotland’s governments alongside business representatives and the Scottish Trades Union Congress. With economic growth the UK Government’s number one priority, Murray used a speech in March at the University of Edinburgh to announce that this group would be reconvened, with a fresh focus on collaboration across governments and sectors.

    During the meeting, the Scottish Secretary provided updates on recent and upcoming announcements from the UK Government and outlined their significance for businesses in Scotland. This includes the Spending Review, the Strategic Defence Review and economic opportunities for the Scottish supply chain, the recent trade deals agreed with the EU, US and India – and the modern Industrial Strategy which will be announced shortly.

    Recognising there are already a  range of areas in which the UK and Scottish governments work constructively with business, the Scottish Secretary called for collaboration in new areas which could yield significant economic benefits, such as defence.

    Murray has also been working with business groups as part of his Brand Scotland programme and last week announced that the Scotland Office will fund the Scottish Chambers of Commerce to launch a new international trade initiative. This collaboration will be supported by a grant of £100,000, to promote Scottish goods and services and bring foreign direct investment into Scotland.

    Following the meeting, Mr Murray said: 

    “Scotland has two governments and most Scots rightly expect their politicians to work in partnership wherever possible, especially on something as important as economic growth. Political differences aside, I have always sought to engage constructively with Scottish Government ministers and I was delighted to co-chair this important forum today with Richard Lochhead.

    “The business and trade union groups which joined our discussion challenged us to go further and faster in helping businesses and workers feel the benefits of economic growth. I am determined to meet that challenge and want the Scottish Government to work with me in areas where we have not previously collaborated.

    “With the UK Government committing to significant increases in defence spending, there are huge opportunities for Scottish workers and defence firms, but only if both governments fully commit to giving our young people the skills they need and backing our world class defence industry.

    “On nuclear power, the announcement this week of UK Government investment for Sizewell in England is a reminder of the huge potential of nuclear power. Thousands of skilled jobs and billions of pounds of investment could come to Scotland, but only if both governments work in partnership with industry to unlock those opportunities.

    “Boosting Scottish exports and selling the best of Scotland overseas is a key lever in delivering economic growth at home. Our Brand Scotland programme, boosted by £2.25 million in the Spending Review, will do just that. I am delighted to be working with the Scottish Government and businesses of all sizes to deliver trade missions and sell our goods and services to the world.”

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: CMA consults on releasing Google from Privacy Sandbox commitments

    Source: United Kingdom – Government Statements

    News story

    CMA consults on releasing Google from Privacy Sandbox commitments

    Protections secured by the CMA are no longer needed after Google stepped back from plans which could have favoured its business in multi-billion-pound online advertising sector.

    iStock

    The Competition and Markets Authority (CMA) has today launched a consultation on releasing Google from commitments after the tech firm announced in April it was abandoning plans to prompt users to decide if they want to block third party cookies from Chrome – the popular browser used by millions of users.

    The CMA commitments were put in place to ensure that Google’s Privacy Sandbox was developed in a way that benefits consumers. Without the CMA’s oversight, Google’s original plan to deprecate third-party cookies could have weakened competition in the digital advertising sector – an industry worth billions to the UK economy – harming consumers who ultimately pay for the cost of online advertising.

    The commitments protected competition by ensuring that Google designed and developed the Privacy Sandbox in a way that did not favour its own ad-tech services over those of its competitors.

    The CMA believes the commitments are no longer necessary and is now consulting before it takes a decision  on whether to release them later this year.

    Anyone with an interest in this work is welcome to submit feedback by 11.55pm on 4 July 2025.

    More information is available via the Investigation into Google’s ‘Privacy Sandbox’ browser changes case page.

    Notes to editors

    1. The CMA has worked closely with the Information Commissioner’s Office (ICO) throughout this project to ensure that competition and privacy aspects were considered together. In the event that the Google Privacy Sandbox initiative were to give rise to competition concerns in the future, the CMA would have the ability to intervene through powers under the Digital Markets, Competition and Consumers Act 2024 as well as the Competition Act 1998.
    2. For media enquiries, contact the CMA press office on 020 3738 6460 or press@cma.gov.uk.

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Attorney General Alan Wilson and Office of the Attorney General mark World Elder Abuse Awareness Day 2025Read More

    Source: US State of South Carolina

    Promotes awareness of social isolation’s impact on older investors

    (COLUMBIA, S.C.) — In recognition of World Elder Abuse Awareness Day on June 15, Attorney General Alan Wilson is raising awareness about the devastating impact social isolation can have on older investors in South Carolina.

    Social isolation, whether voluntary or involuntary, significantly contributes to the financial exploitation of older investors. Using personal details from obituaries and social media posts, scammers often target seniors during vulnerable times, such as health crises or after the death of a loved one.  Scammers may also exploit trust within seniors’ social and support groups to become more involved in their lives.

    “We are committed to empowering older investors in South Carolina and their loved ones with the tools they need to prevent investment fraud. Knowledge and vigilance are our best defenses against scammers,” said Attorney General Wilson.

    To protect older investors, the Attorney General’s Office stresses the importance of regular contact with seniors to reduce isolation and vulnerability. Open conversations within families about fraud and scams can also enhance seniors’ security and reduce their risk of financial exploitation.

    The North American Securities Administrators Association (NASAA), of which South Carolina is a member, has developed resources on how to protect yourself from investment scams. You can find NASAA’s investor advisories on its website, including one on social isolation and the risk of investment fraud.

    Attorney General Wilson asks anyone with suspicions of possible senior financial exploitation to contact the Securities Division of the Attorney General’s Office by calling 803-734-9916 or by emailing [email protected].  Investors can submit a complaint or request an investor protection speaker by visiting the Attorney General’s Office website at InformedInvestorSC.com.

    MIL OSI USA News