Category: Economy

  • MIL-Evening Report: AI overviews have transformed Google search. Here’s how they work – and how to opt out

    Source: The Conversation (Au and NZ) – By T.J. Thomson, Senior Lecturer in Visual Communication & Digital Media, RMIT University

    cosma/Shutterstock

    People turn to the internet to run billions of search queries each year. These range from keeping tabs on world events and celebrities to learning new words and getting DIY help.

    One of the most popular questions Australians recently asked was: “How to inspect a used car?”.

    If you asked Google this at the beginning of 2024, you would have been served a list of individual search results and the order would have depended on several factors. If you asked the same question at the end of the year, the experience would be completely different.

    That’s because Google, which controls about 94% of the Australian search engine market, introduced “AI Overviews” to Australia in October 2024. These AI-generated search result summaries have revolutionised how people search for and find information. They also have significant impacts on the quality of the results.

    How do these AI search summaries work, though? Are they reliable? And is there a way to opt out?

    Synthesising the internet

    Legacy search engines work by evaluating dozens of different criteria and trying to show you the results that they think best match your search terms.

    They take into account the content itself, including how unique, current and comprehensive it is, as well as how it’s structured and organised.

    They also consider relationships between the content and other parts of the web. If trusted sources link to content, that can positively affect its placement in search results.

    They try to infer the searcher’s intent – whether they’re trying to buy something, learn something new, or solve a practical problem. They also consider technical aspects such as how fast the content loads and whether the page is secure.

    All of this adds up to an invisible score each webpage gets that affects its visibility in search results. But AI is changing all this.

    Google is the only search engine that prominently displays AI summaries on its main results page. Bing and DuckDuckGo still use traditional search result layouts, offering AI summaries only through companion apps such as Copilot and Duck.ai.

    Instead of directing users to one specific webpage, generative AI-powered search looks across webpages and sources to try to synthesise what they say. It then tries to summarise the results in a short, conversational and easy-to-understand way.

    In theory, this can result in richer, more comprehensive, and potentially more unique answers. But AI doesn’t always get it right.

    Google is the only search engine that prominently displays AI summaries on its main results page.
    DIA TV/Shutterstock

    How reliable are AI searches?

    Early examples of Google’s AI-powered search from 2024 suggested users eat “at least one small rock per day” – and that they could use non-toxic glue to help cheese stick to pizza.

    One issue is that machines are poorly equipped to detect satire or parody and can use these materials to respond in place of fact-based evidence.

    Research suggests the rate of so-called “hallucinations” – instances of machines making up answers – is getting worse even as the models driving them are getting more sophisticated.

    Machines can’t actually determine what’s true and false. They cannot grasp the nuances of idioms and colloquial language and can only make predictions based on fancy maths. But these predictions don’t always end up being correct, which is an issue – especially for sensitive medical or health questions or when seeking financial advice.

    Rather than just present a summary, Google’s more recent AI overviews have also started including links to sources for key aspects of the answer. This can help users gauge the quality of the overall answer and see where AI might be getting its information from. But evidence suggests sometimes AI search engines cite sources that don’t include the information they claim they do.

    What are the other impacts of AI search?

    AI search summaries are transforming the way information is produced and discovered, reshaping the search engine ecosystem we’ve grown accustomed to over two decades.

    They are changing how information-seekers formulate search queries – moving from keywords or phrases to simple questions, such as those we use in everyday conversation.

    For content providers, AI summaries introduce significant shifts – undermining traditional search engine optimisation techniques, reducing direct traffic to websites, and impacting brand visibility.

    Notably, 43% of AI Overviews link back to Google itself. This reinforces Google’s dominance as a search engine and as a website.

    The forthcoming integration of ads into AI summaries raises concerns about the trustworthiness and independence of the information presented.

    Some internet users are switching search engines entirely and turning to providers that don’t provide AI summaries, such as Bing and DuckDuckGo.
    Casimiro PT/Shutterstock

    Where to from here?

    People should always be mindful of the key limitations of AI summaries.

    Asking for simple facts such as, “What is the height of Uluru?” may yield accurate answers.

    But posing more complex or divisive questions, such as, “Will the 2032 Olympics bankrupt Queensland?”, may require users to open links and delve deeper for a more comprehensive understanding.

    Google doesn’t offer a clear option to turn this feature off entirely. Perhaps the simplest way is to click on the “Web” tab under the search bar on the search results, or to add “-ai” to the search query. But this can get repetitive.

    Some more technical solutions are manually creating a site search filter through Chrome settings. But these require an active act by the user.

    As a result, some developers are offering browser extensions that claim to remove this aspect. Other users are switching search engines entirely and turning to providers that don’t provide AI summaries, such as Bing and DuckDuckGo.

    T.J. Thomson receives funding from the Australian Research Council. He is an affiliate with the ARC Centre of Excellence for Automated Decision Making & Society.

    Ashwin Nagappa receives funding fromthe Australian Research Council. He is a Postdoctoral Research Fellow in the QUT node of the ARC Centre of Excellence for Automated Decision Making & Society.

    Shir Weinbrand receives funding from the Australian Research Council. She is a PhD candidate in the QUT node of the ARC Centre of Excellence for Automated Decision Making & Society.

    ref. AI overviews have transformed Google search. Here’s how they work – and how to opt out – https://theconversation.com/ai-overviews-have-transformed-google-search-heres-how-they-work-and-how-to-opt-out-258282

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Canada: Canada expands and diversifies its creative industries market reach in East Asia

    Source: Government of Canada News (2)

    GATINEAU, June 12, 2025

    The Indo-Pacific region is home to some of our most important creative export markets and represents great growth potential for Canada. We are seizing opportunities to thrive in these booming markets.

    Today, the Honourable Steven Guilbeault, Minister of Canadian Identity and Culture and Minister responsible for Official Languages, celebrates a successful Canadian creative industry trade mission to East Asia. From June 1 to June 12, the Government of Canada led a multi-sector delegation of more than 40 Canadian companies and organizations with high export potential to South Korea and Japan to expand their networks and develop new creative partnerships in these markets.

    As Canada works to build a stronger, more resilient economy, the Government of Canada and its partners supported a selected group of Canadian experts and creative industry leaders from the audiovisual, book publishing, interactive and digital media, music, and performing arts sectors in building valuable connections and securing business deals with key industry players from Japan and South Korea.

    The program also included strategic site visits and expert market information sessions, and showcased Canada’s creative business potential at Expo 2025 Osaka. The Year of Cultural Exchanges between Canada and the Republic of Korea also provided a unique springboard for creative industries in both countries to deepen their cultural ties and increase trade, with the concert by Canada’s National Arts Centre Orchestra in Seoul on May 31 being a signature event to mark the closing of this special year.

    Canada is committed to further deepening its ties and fostering global collaboration and innovation in the creative sector. The Government will continue to work closely with Canada’s creative industry professionals to drive the expansion of their presence in international markets, strengthen their global competitiveness and showcase Canada as a partner of choice.

    MIL OSI Canada News

  • MIL-OSI USA: Jayapal Introduces Legislation to Protect Domestic Workers

    Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)

    WASHINGTON — U.S. Representative Pramila Jayapal (WA-07) is today leading 104 Members of Congress in reintroducing the National Domestic Workers Bill of Rights. The groundbreaking legislation will finally extend common workplace rights and protections to the 2.2 million domestic workers in the United States, who are currently excluded from the Fair Labor Standards Act (FLSA) and other key labor and safety laws that the majority of the workforce relies on. The legislation would also improve job quality by ensuring paid sick days, written agreements, and other benefits.

    “Domestic workers are too often called essential, but treated as expendable,” said Jayapal. “These workers, who are predominantly women of color and immigrants, make all other work possible. This landmark legislation ensures that domestic workers are finally included in our existing labor laws, giving them access to the basic protections they deserve in the workplace, including overtime pay, guaranteed rest and meal breaks, time off, and legal protections from unsafe working conditions and harassment. It will finally give our domestic workers the dignity and respect they deserve. This legislation is more important now than ever as the Trump Administration works to strip many of the programs domestic workers rely on to survive, like Medicaid and food assistance.”

    Since they are unprotected from labor laws, domestic workers are more likely to live in poverty than workers in other, protected sectors. In 2023, the typical domestic worker earned $20,926 per year, which is not enough to afford a one-bedroom apartment anywhere in the United States. Four in five domestic workers also do not receive sick days, and one in three do not receive breaks during work. 

    “Domestic workers have always been essential,” said Jenn Stowe, Executive Director of the National Domestic Workers Alliance. “For generations, women of color and immigrant women have provided the care that powers our economy and strengthens our communities. Yet today, that essential work is under threat—from looming Medicaid cuts that would devastate workers and care recipients alike, to harmful immigration enforcement that destabilizes families and instills fear in communities where there should be safety. The reintroduction of the Domestic Workers Bill of Rights is a declaration that no one should have to live or work in fear, and that every worker deserves dignity, safety, and respect.”

    The legislation amends the Civil Rights Act and the FLSA to ensure domestic workers are able to earn overtime, sick days, and are able to request time off for personal reasons, that their employment is subject to a written agreement, that they are provided meal and rest breaks, that their privacy is protected, and that they are protected from workplace discrimination and harassment. It would also create additional resources to better implement these protections and rights and establish a National Domestic Worker Hotline where workers can call to seek assistance on employment issues. 

    The legislation is cosponsored by Alma S. Adams, PhD (NC-12), Gabe Amo (RI-01), Yassamin Ansari (AZ-03), Becca Balint (VT-00), Rep. Nanette Barragan (CA-44), Joyce Beatty (OH-03), Don Beyer (VA-08), Suzanne Bonamici (OR-01), Brendan F. Boyle (PA-02), Shontel Brown  (OH-11), Julia Brownley (CA-26), Nikki Budzinski (IL-13), Andre Carson (IN-07), Troy A. Carter, Sr. (LA-02), Greg Casar (TX-35), Sean Casten (IL-06), Joaquin Castro (TX-20), Sheila Cherfilus-McCormick (FL-20), Judy Chu (CA-28), Yvette D. Clarke (NY-09), Emanuel Cleaver, II (MO-05), Steve Cohen (TN-09), Jasmine Crockett (TX-30), Danny K. Davis (IL-07), Madeleine Dean (PA-04), Rosa DeLauro (CT-03), Suzan DelBebe (WA-01), Chris Deluzio (PA-17), Mark DeSaulnier (CA-10), Maxine Dexter (OR-03), Debbie Dingell (MI-06), Lloyd Doggett (TX-37), Veronica Escobar (TX-16), Adriano Espaillat (NY-13), Dwight Evans (PA-03), Cleo Fields (LA-06), Valerie Foushee (NC-04), Maxwell Alejandro Frost (FL-10), John Garamendi (CA-08), Robert Garcia (CA-42), Jesus G. “Chuy” Garcia (IL-04), Sylvia R. Garcia (TX-29), Daniel Goldman (NY-10), Jimmy Gomez (CA-34), Al Green (TX-09), Jahana Hayes (CT-05), Steven Horsford (NV-04), Val Hoyle (OR-04), Jared Huffman (CA-02), Jonathan L. Jackson (IL-01), Sara Jacobs (CA-51), Henry C. “Hank” Johnson, Jr.  (GA-04), Robin L. Kelly (IL-02), Ro Khanna (CA-17), Raja Krishnamoorthi (IL-08), Summer Lee (PA-12), Teresa Leger Fernández  (NM-03), Stephen Lynch (MA-08), Seth Magaziner (RI-02), Doris Matsui  (CA -07), Sarah McBride (DE-AL), Jennifer McClellan (VA-04), Betty McCollum (MN-04), James P. McGovern (MA-02), LaMonica McIver (NJ-10), Rob Menendez (NJ-08), Grace Meng (NY-06), Kweisi Mfume (MD-07), Gwen Moore (WI-04), Kevin Mullin (CA-15), Jerrold Nadler (NY-12), Eleanor Holmes Norton (DC-AL), Alexandria Ocasio-Cortez (NY-14), Ilhan Omar (MN-05), Chellie Pingree (ME-01), Mark Pocan (WI-02), Ayanna Pressley (MA-07), Mike Quigley (IL-05), Delia Ramirez (IL-03), Deborah K. Ross (NC-02), Andrea Salinas (OR-06), Linda Sanchez (CA-38), Mary Gay Scanlon (PA-05), Jan Schakowsky (IL-09), David Scott (GA-13), Lateefah Simon (CA-12), Adam Smith (WA-09), Melanie Stansbury (NM-01), Haley Stevens (MI-11), Eric Swalwell (CA-14), Emilia Sykes (OH-13), Mark Takano (CA-39), Shri Thanedar (MI-13), Bennie G. Thompson  (MS-02), Rashida Tlaib (MI-12), Jill Tokuda (HI-02), Ritchie Torres (NY-15), Lori Trahan (MA-03), Juan Vargas (CA-52), Nydia M. Velázquez (NY-07), Debbie Wasserman Schultz (FL-25), Bonnie Watson Coleman  (NJ -12), Nikema Williams (GA-05), Frederica S. Wilson (FL-24). 

    It is also endorsed by A Better Balance, A.Y.U.D.A Inc., Autistic Self Advocacy Network, Black Labor Week Project Inc., Border Workers United, Campaign for a Family Friendly Economy , Caring Across Generations, Center for Gender & Refugee Studies, Centro Cultural de Mexico, Coalition for Humane Immigrant Rights (CHIRLA), Coalition on Human Needs, Community Change Action, Detroit Disability Power, Family Values @ Work, Freedom Network USA, Hand in Hand: The Domestic Employers Network, Institute for Women’s Policy Research, Just Solutions, Justice for Migrant Women, Justice in Aging, Michigan Disability Rights Coalition , MomsRising, National Council of Jewish Women, National Domestic Workers Alliance, National Employment Law Project, National Organization for Women, National Partnership for Women & Families, New Mexico Center on Law and Poverty, New Orleans Workers’ for Racial Justice, Oxfam America, Paid Leave for All, People’s Action Institute , PHI, Service Employees International Union (SEIU), Seventh Generation Interfaith Coalition for Responsible Investment, Shriver Center on Poverty Law, The Restaurant Opportunity Center of Pennsylvania (ROC PA), Women Employed, Women’s March.

    Issues: Jobs, Labor, & the Economy

    MIL OSI USA News

  • MIL-OSI USA: Attorney General Bonta Sues Notorious Landlord Mike Nijjar and PAMA Management for Violating California Housing Laws and Exploiting Tenants

    Source: US State of California

    OAKLAND — California Attorney General Bonta today filed a lawsuit against a group of property management and real estate holding companies owned by Southern California rental-housing tycoon Swaranjit “Mike” Nijjar, his sister Daljit “DJ” Kler, and other members of his family. The lawsuit filed today, after a three-year investigation, alleges Nijjar’s companies, commonly known as PAMA Management, egregiously violated numerous California laws by subjecting tenants to unsafe units marked by cockroach and rodent infestations, leaking roofs, overflowing sewage, and other problems. The lawsuit also alleges that the companies discriminate against applicants with Section 8 housing vouchers, overcharge some tenants for rent, and use leases that deceive tenants about their legal rights, among other violations. Most tenants living in PAMA properties have low or fixed incomes, and many are faced with the horrible choice between enduring serious and sometimes catastrophic conditions or becoming homeless. In the complaint filed today in Los Angeles County, Attorney General Bonta seeks penalties, full restitution for financial harm to tenants, disgorgement of ill-gotten gains, and injunctive relief barring Mr. Nijjar, PAMA, and related companies from continuing these unlawful and appalling business practices. 

    “PAMA and the companies owned by Mike Nijjar and his family are notorious for their rampant, slum-like conditions — some so bad that residents have suffered tragic results. Our investigation into Nijjar’s properties revealed PAMA exploited vulnerable families, refusing to invest the resources needed to eradicate pest infestations, fix outdated roofs, and install functioning plumbing systems, all while deceiving tenants about their rights to sue their landlord and demand repairs,” said Attorney General Bonta. “Nijjar and his associates have treated lawsuit after lawsuit and code violation after code violation as the cost of doing business and have been allowed to operate and collect hundreds of millions of dollars each year from families who sleep, shower, and feed their children in unhealthy and deplorable conditions. Enough is enough — today, I step in. I am grateful to all the people who came forward, including the DOJ Consumer Protection Team, California reporters who sounded the alarm, local code enforcement officers who tirelessly respond to tenant complaints, and, most of all, PAMA tenants who spoke out about their distressing experiences.” 

    Background 

    The Nijjar family and their related companies own and manage over 22,000 rental housing units statewide, primarily in low-income neighborhoods in Los Angeles, Riverside, San Bernardino, and Kern Counties — but also spanning up to Sacramento and San Joaquin Counties. Code enforcement officers in these communities routinely cite the Nijjar family’s properties for violating minimum habitability standards. In recent years, the family’s companies have settled dozens of lawsuits alleging habitability defects and unsafe conditions; these lawsuits have involved hundreds of tenants, including some children who have become seriously injured at PAMA properties. In 2016, an infant died in a fire at one of PAMA’s mobile homes in Kern County — which was not permitted for human occupancy. 

    Through this all, it has been business as usual for Mike Nijjar and his corporate entities, which continue to buy new properties, ignore tenants’ pleas for repairs, and operate under an expanding list of company names that makes it difficult for tenants to understand who they are renting from. Tenants may know them by the names of their current and recent property management companies: not only PAMA Management, but also, I E Rental Homes, Bridge Management, Equity Management, Golden Management, Hightower Management, Legacy Management, Mobile Management, Pro Management, and Regency Management. 

    Following extensive reporting from the press and stakeholders, the California Department of Justice began an investigation into PAMA in late 2022 that uncovered widespread habitability violations and other egregious violations of tenants’ rights. 

    Violation of Basic Habitability Standards 

    The Attorney General’s lawsuit alleges that, through their failure to properly maintain units, PAMA and related companies put tenant safety and health at immediate risk. While PAMA units suffer from extensive maintenance issues, among the most common are:

    • water intrusion from leaking roofs and outdated plumbing; 
    • structural damage caused by water intrusion and deferred maintenance;
    • malfunctioning plumbing, including surfacing sewage; and 
    • cockroach and rodent infestations. 

    These violations are not just a mistake; they are part of ongoing business practices. PAMA defers necessary investments in maintenance in favor of quick and cheap repairs; uses unskilled handymen even for specialized work; provides little to no training to staff, many of whom have no experience in property management; and fails to track maintenance requests in any systematic, routine fashion — requests are often lost or never completed. PAMA is aware of these issues and knows their operations lead to uninhabitable conditions, yet these business practices have persisted for years.

    Deceptive Lease Terms

    The lawsuit also alleges that PAMA and related companies entered into tens of thousands of leases with unlawful and deceptive terms that attempt to invalidate rights guaranteed by law. Such rights include the tenant’s right to sue their landlord and present their case to a jury; to make repairs that the landlord neglected and deduct the cost of such repairs from rent; and to have the landlord exercise a duty of care to prevent personal injury or personal property damage.

    PAMA also violated California law by refusing to provide Spanish translations of these leases and other important documents, despite intentionally soliciting Spanish-speaking tenants through dual-language advertising and the hiring of Spanish-speaking employees to fill vacant units and communicate with tenants.  

    Discrimination against Tenants with Section 8 Vouchers

    The lawsuit further alleges that PAMA and related companies discriminate against applicants with Section 8 vouchers who are looking for a home. Section 8 vouchers help low-income families rent housing from private landlords, allowing the family to pay part of the rent while the government pays the rest. In California, it is unlawful to discriminate against a tenant or housing applicant based on their source of income, including their receipt of Section 8 rental assistance. Management companies related to PAMA have violated the law by telling applicants with vouchers that there is a waiting list for units, or that no rental units are available, even when units are in fact available and are being rented to applicants without Section 8 vouchers. 

    Unlawful Rent Increases and Other Misconduct

    The Attorney General’s lawsuit also alleges violations of California’s Tenant Protection Act (TPA) at over 2,000 units, where PAMA and related companies shifted certain mandatory utilities costs — which used to be paid by the landlord — onto their tenants. For tenants protected by the TPA, it is unlawful for landlords to ignore the rent cap when requiring tenants to pay new or increased fees or utility charges. The complaint alleges that these companies began charging tenants for shared utilities, like water, through a ratio utility billing system, known as “RUBS,” forcing tenants to pay for utility charges beyond their control. The combination of these new utility fees and annual rent increases resulted in total increases of up to 20% — more than double the TPA’s rent cap. Furthermore, PAMA and related companies violated the TPA’s notice requirements by failing to include in tenants’ leases legally mandated disclosures to let a tenant know whether the TPA’s protections — which include rent-increase controls and limitations on evictions — apply to them. 

    In addition to the violations above, the lawsuit alleges that PAMA and related companies issued unlawful eviction notices to dozens or hundreds of tenants, and also that the companies have failed to comply with basic real-estate licensing requirements since 2020.

    Anyone – including current or former tenants – who has information that might be relevant to this case are encouraged to share their stories with our office by going to oag.ca.gov/report. To learn more about your rights as a tenant, please visit here.  

    A copy of the complaint can be found here. 

    MIL OSI USA News

  • MIL-OSI USA: Grassley-Wyden Report Exposes How Organ Procurement Organizations Game the System, Fail to Adequately Address Conflicts of Interest

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sens. Chuck Grassley (R-Iowa), a senior member and former Chairman of the Senate Finance Committee, and Ron Wyden (D-Ore.), current Ranking Member, released the results of their bipartisan investigation into nonprofit Organ Procurement Organizations (OPO), which are responsible for obtaining donated organs for transplant and research in the United States. 
    The senators’ staff report reveals additional transparency is needed to strengthen the integrity of the organ procurement network and ensure the health and safety of organ donors and recipients. The investigation confirms the senators’ long-standing concerns, outlining examples of abuse to boost performance ratings and inadequate efforts by OPOs to identify and resolve conflicts of interest.  
    Building on their nearly two decades of work to bring accountability to the organ donation system, Grassley and Wyden launched their investigation in the 118th Congress. As of 2024, 170 million Americans are registered organ donors. Since 1988, nearly 1.1 million life-saving transplants in the U.S. have been made possible from more than a half-million organ donors.  
    “As millions of American families know first-hand, the organ donation system is a matter of life and death. It’s critical to restore integrity to this system and to strengthen the public’s trust in it. Our investigation uncovered clear examples of OPOs exploiting a loophole in direct opposition to congressional intent. We also uncovered OPOs’ failure to clearly and effectively address conflicts of interest. Together, we are working to ensure the stewardship of precious organs is transparent, accountable and effective in order to save lives,” Grassley said. 
    “Americans expect the national organ transplant system to be fair and efficient so as many patients as possible receive the life-saving donation they need,” Wyden said. “Organ procurement organizations are a key link in this chain, and this investigation demonstrates there’s still more work to be done to improve the system. I look forward to building on our work to make the organ procurement network accountable and successful on behalf of American families who are counting on a transplant.” 
    Full text of the investigative report and records can be found HERE.   
    In the course of its investigation, staff reviewed internal research protocols and conflicts of interest documents produced by seventeen OPOs, including One Legacy, Donor Alliance, LifeQuest Organ Recovery Services, Indiana Donor Network, Kentucky Organ Donor Affiliates, Mid-America Transplant, New Jersey Organ and Tissue Sharing Network, LifeBanc, Lifeline of Ohio, Texas Organ Sharing Alliance, LifeCenter Organ Donor Network, Midwest Transplant Network, Versiti Wisconsin, LifeShare Network, Gift of Life Donor Program, Tennessee Donor Services and New Mexico Donor Services. 
    Pancreata Loophole:
    The Centers for Medicare & Medicaid Services (CMS) can re-certify OPOs if they meet certain standards. However, CMS has never decertified an OPO, allowing organizations to face little-to-no consequences for underperformance. To enhance accountability, CMS released a final rule in 2020 to update OPOs’ performance metrics. 
    The rule created a loophole allowing pancreata recovered for research to be counted toward recertification, without clear verification the organs were actually used to advance research. Since the CMS rule was finalized five years ago, pancreata recovered for research by OPOs has increased more than four-fold, without a matching increase in researchers’ demand. 
    Grassley and Wyden have sounded the alarm on the pancreata loophole for over three years, beginning with an April 2022 letter to then-Health & Human Services (HHS) Secretary Becerra and CMS Administrator Brooks-LaSure. 
    The investigation also found serious concerns regarding OPOs’ relationships with third-party research clearinghouses and biobanks. After handing over procured pancreata to third party research arrangements, OPOs had little-to-no ability to verify the organs were utilized for research or that the research conducted was appropriate. OPOs surveyed by the senators reported an 850% increase in pancreata recovered for research without reporting a clear and corresponding research benefit. 
    This undermines HHS oversight and allows underperforming OPOs to inflate their performance at the cost of critically ill patients. The loophole directly violates congressional intent, including the Pancreatic Islet Cell Transplantation Act of 2004.  
    Conflicts of Interest:
    Grassley and Wyden asked eight OPOs to disclose their conflicts of interest policies. Their investigation found CMS does not require uniform conflict of interest policies and procedures, which caused key differences between conflict of interest definitions, as well as who is covered under conflict of interest policies. 
    Despite overwhelming evidence OPOs should address allegations of conflicting business and financial relationships, the Organ Procurement and Transplantation Network (OPTN) is not required to collect details on financial relationships, board member compensation or affiliated businesses. The investigation also found that OPTN and its former sole contractor, the United Network for Organ Sharing (UNOS), failed to act following formal complaints about financial conflicts of interest. 
    Recommendations:
    CMS should clarify the requirements and expectations of OPOs reporting pancreata to be counted toward certification or recertification, to ensure OPOs are following the law and congressional intent.
    CMS should further clarify OPO conflict of interest policies to make clear that OPO governing boards and medical advisory boards, as well as CMS surveyors, monitor actual and potential conflicts.
    OPOs should clearly define policy coverage, scope of conflicts and disclosure procedures.
    OPOs should ensure board involvement, oversight and recording.  
    Background: 
    Grassley and Wyden have long sounded the alarm regarding conflicts of interest within the transplant system. In 2020, they wrote to HHS saying, “OPOs have greater financial incentives to focus more on tissue recovery compared to their incentives to recover lifesaving organs.”   
    A 2022 Senate Finance Committee hearing and staff report highlighted a 2012 case involving the Alabama Organ Center (AOC) and its Executive Director who, according to a whistleblower complaint, participated in a “money laundering” scheme and violated AOC’s own “Standard Operating Procedure.” Following multiple apparent financial conflicts between OPOs and outside entities, Grassley and Wyden sent a letter in 2023 requesting answers on certain OPOs’ financial interests and business relationships.   
    Grassley and Wyden are also the authors of bipartisan Securing the U.S. Organ Procurement and Transplantation Network Act, which marked the first reforms to the U.S. organ donation system in nearly 40 years. 
    -30-

    MIL OSI USA News

  • MIL-OSI USA: Reps. Kelly, Clarke, Watson Coleman, Fitzpatrick introduce the Bipartisan Protect Black Women and Girls Act

    Source: United States House of Representatives – Congresswoman Robin Kelly IL

    WASHINGTON – The Co-Chairs of the Caucus on Black Women and Girls – U.S. Reps. Robin Kelly (IL-02), Yvette Clarke (NY-09) and Bonnie Watson Coleman (NJ-12) – and U.S. Rep. Brian Fitzpatrick (PA-01) reintroduced the bipartisan Protect Black Women and Girls Act. The bill would establish a task force to examine the socioeconomic conditions and experiences of Black women and girls.

    “Black women and girls deserve every opportunity to thrive but are too often held back by years of systemic racism and sexism. We must do more than simply acknowledge these disparities and instead put forth holistic solutions,” said Rep. Kelly. “The Protect Black Women and Girls Act establishes a task force to examine every part of life, from education to healthcare to economic opportunities. With this bill, we are delivering coordinated policy efforts to dismantle barriers facing Black women and girls and ensure they can lead happy, healthy lives.”

    “For too long, Black women and girls of every walk of life have been denied access to deserved opportunities for no reasons beyond their sex and race. Unfairness and inequality will never have a place in our nation, and we have a moral responsibility to take meaningful action to root them out in every space they arise,” said Rep. Clarke.  “The Protect Black Women and Girls Act represents a significant step toward ridding our nation of a sin that has persisted within it for centuries, and I am proud to work alongside my fellow co-chairs to see it enacted.”

    “I’m proud to stand with my fellow co-chairs Rep. Kelly and Rep. Clarke in introducing this crucial piece of bipartisan legislation,” said Rep. Watson Coleman. “The Protecting Black Women and Girls Act is an important step toward addressing the root causes of the disproportionate challenges Black women and girls face. We must all work together to do more for this nation’s Black women and girls to ensure they have equal opportunity to thrive.”

    “This legislation is about using the full force of federal policy to confront disparities that have gone unaddressed for far too long,” said Rep. Fitzpatrick. “By establishing a cross-agency task force, we’re working to ensure that federal programs are not only equitable in intent, but effective in practice—targeting systemic barriers in healthcare, education, economic mobility, housing, and civil rights. Our goal is simple: to build a smarter, more accountable federal response that delivers measurable progress for Black women and girls nationwide.”

    The Protect Black Women and Girls Act is endorsed by In Our Own Voice, The Black Women Health Imperative (BWHI) and Black Mamas Matter Alliance (BMMA).

    “At a time when our civil rights are under threat like never before, the Protect Women and Girls Act is the urgent response needed in order to address the disproportionate impact Black women are facing across this administration’s multifaceted attacks on the economy, reproductive and public health, education, the environment and more,” said Regina Davis Moss, President and CEO of In Our Own Voice: National Black Women’s Reproductive Justice Agenda. “We are thankful to co-chairs Rep. Kelly, Rep. Watson Coleman, Rep. Clarke and the entire Congressional Caucus of Black Women and Girls for their tireless efforts in support of this legislative action. In Our Own Voice is proud to endorse the Protect Black Women and Girls Act, a critical piece of legislation that will help improve outcomes for Black women, girls and gender-expansive people in the U.S.”

    “The Black Women’s Health Imperative stands in full support of the Protect Black Women and Girls Act,” said Dr. Ifeoma Udoh, Executive Vice President of Policy, Advocacy and Science at BWHI. “Our work as an organization addresses the programming and policy which impacts the pipeline to healthcare, education and leadership for Black women with our partners and collaborators. This bill presents an opportunity to address these gaps and ensure that we can solve the problems structurally that impact the fully holistic lives of Black women and girls.”

    “Black Mamas Matter Alliance proudly endorses the Protect Black Women and Girls Act introduced by Congresswoman Robin Kelly. This critical and groundbreaking legislation reflects the core values and heart of our mission we champion — advancing Black Maternal Health and driving equitable change and opportunity for Black women and girls,” said Angela D. Aina, Co-Founder and Executive Director of BMMA. “The bill centers and prioritizes the wellbeing of Black women and girls, acknowledges the daily social and structural harms we endure, and calls for restorative justice as a pathway to healing and transformation. By naming and addressing the systemic inequities that impact our lives, this Act is a critical step toward building a future where Black women and girls are seen, protected, valued, and empowered to thrive.”

    The Protect Black Women and Girls Act would establish an Interagency Task Force to:

    • Identify and assess the efficacy of policies and programs at the federal, state and local levels designed to improve outcomes for Black women and girls;
    • Make recommendations to improve these policies and programs;
    • Cover issues involving Black women and girls in education, economic development, healthcare, justice, civil rights and housing;
    • Submit recommendations to Congress, the President, and each state or local government on policies, practices, programs and incentives that should be adopted to improve outcomes;
    • Direct the U.S. Commission on Civil Rights to conduct a study and collect data on the effects of specified economic, health, criminal justice and social service factors on Black women and girls.

    MIL OSI USA News

  • MIL-OSI Economics: DG Okonjo-Iweala welcomes President Luis Abinader of the Dominican Republic to the WTO

    Source: World Trade Organization

    Director-General Ngozi Okonjo-Iweala met with the President of the Dominican Republic, Luis Rodolfo Abinader Corona, on 11 June at the WTO. They discussed the Dominican Republic’s robust macroeconomic performance, acknowledging that it is the fastest growing economy in Latin America. Its success is driven by ongoing diversification and modernization, in particular through digital transformation and services trade, they emphasized. DG Okonjo-Iweala complimented the Dominican Republic on its active role at the WTO and underlined the importance of the country ratifying the WTO Agreement on Fisheries Subsidies so that it can enter into force as soon as possible.

    MIL OSI Economics

  • MIL-OSI Economics: DDG Hill: WTO members’ engagement vital to unlocking the benefits of digital trade

    Source: World Trade Organization

    In her closing remarks, DDG Hill noted that digital technologies were powering the global economy, including international trade. Citing WTO data, she highlighted the dynamic growth of digitally delivered services exports, which in 2024 accounted for 14.5% of global exports in goods and services. She also underscored the transformative impact of digital technologies – not only speeding up trade, but also leading to the creation of entirely new categories of data-driven goods and services.

    DDG Hill said digital trade has been not only a growth engine, but also a tool of inclusion, in particular for small and women-led businesses. She pointed out in this regard that while middle-income countries increased their share of global digital services exports by 24% between 2015 and 2022, low-income economies continue to face hurdles.

    DDG Hill emphasized that in times of economic uncertainty, stability and predictability in international trade are more important than ever. She pointed to the role of longstanding WTO agreements – such as the General Agreement on Tariffs and Trade (GATT) and the General Agreement on Trade in Services (GATS) but also the Trade Facilitation Agreement or the Agreement on Trade-Related Aspects of Intellectual Property Rights – in supporting digital trade. These rules remain the cornerstone of the international trading system not only by providing basic disciplines, but also by cutting “red tape”, increasing access to digital goods and fostering innovation and technology diffusion.

    DDG Hill acknowledged that current WTO rules do not capture certain nuances of digital technologies, from cybersecurity to consumer protection and e-payments. She noted, however, that WTO members are trying to grasp these and other aspects of the digital economy through insightful discussions within the Work Programme on Electronic Commerce. DDG Hill highlighted in this regard the deep level of engagement by many members, including developing economies, in recent discussions on the opportunities and challenges posed by digital trade.

    “Finding a balance between openness and protection, innovation and integrity is the defining digital governance challenge of our time,” said DDG Hill. She cited a joint WTO–OECD study, which found that convergence towards balanced data flows with appropriate safeguards is the optimal solution that could boost global exports by 3.6% and global GDP by 1.77%. She mentioned in this context the plurilateral agreement on e-commerce is one of the tools that seek to strike such a balance. The agreement – supported by 71 WTO members – lays down rules aiming at facilitating and building trust in e-commerce, while ensuring an open digital trade environment.

    DDG Hill further noted the potential of artificial intelligence to help level the playing field for small businesses by lowering market entry barriers, simplifying compliance, and boosting efficiency. She cited the WTO Secretariat report on AI – “Trading with intelligence” – which finds that AI has the potential to benefit low- and lower middle-income countries as much as high-income counterparts in terms of export growth potential. In her view, building digital skills, infrastructure, and supportive regulatory frameworks will be key to harnessing this potential.

    Looking ahead to the 14th Ministerial Conference (MC14), which will take place in March 2026 in Yaoundé, DDG Hill acknowledged the complexity of the international trading landscape and emphasized the value of discussions on e-commerce. “A meaningful reform of the system seems to be a top priority for many members, and failing to agree on a roadmap towards such a reform would be a missed opportunity,” DDG Hill said. “It would also be a missed opportunity to neglect the most dynamic component of international trade over the past few decades”.

    DDG Hill concluded that trade and digital technologies – when aligned thoughtfully – can be a force for good. “This is why it is particularly important that the WTO remains a vital platform for dialogue, for monitoring developments, and for shaping the rules of tomorrow,” DDG Hill said.

    More information on the event can be found on the TradeExperettes’ website.

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    MIL OSI Economics

  • MIL-OSI Economics: Meet Bloomberg’s C++ Guild

    Source: Bloomberg Press Statements

    Headline: Meet Bloomberg’s C++ Guild

    C++ is at the heart of Bloomberg’s infrastructure, powering everything from low-level libraries to highly performant financial applications, analytics, and trading systems. Maintaining a best-in-class C++ environment requires a collaborative approach to knowledge sharing and continuous education, and that’s where Bloomberg’s C++ Guild comes in.

    The C++ Guild is one of 12 guilds Bloomberg has created to provide structured forums for people to share technical knowledge, tools, code, and best practices. The C++ Guild, in particular, is dedicated to strengthening Bloomberg’s use of the language and related areas such as training, ISO standardization, and application design. Guild members’ influence also extends across the industry through tech talks at key conferences and meetups, open source contributions, and through the standardization process. Through these efforts, the Guild ensures that Bloomberg remains a C++ innovator, while empowering the broader tech community to drive the language forward.

    However, the Guild isn’t just a technical forum. It’s also a catalyst for professional growth. Members gain opportunities to sharpen their expertise, learn from industry leaders, and become recognized technical experts themselves. We asked individuals from this community to share more about the C++ Guild and discuss how it has shaped each of their careers.

    First, let’s meet Aurelien Cassagnes, a Tokyo-based Team Lead in Bloomberg’s Feeds Engineering group. He started in 2015 as an intern and then served as an individual contributor (IC) for eight years before becoming a team lead in 2024.

    How did you get involved with the C++ Guild? And what is your role in the Guild?
    I knew someone else from the APAC region was involved in the C++ Guild’s API Reviews Working Group, so I decided to join that same group to keep our efforts focused.

    The API Reviews Working Group is tasked with defining best practices for the most fundamental APIs used at Bloomberg and ensuring compliance. It also brings together engineers with different skills and backgrounds to review far-reaching internal libraries or code that is used in open source projects that Bloomberg publishes. For example, before the release of BlazingMQ, a modern high-performance open source message queuing system, the C++ Guild’s API Reviews group was extensively involved in reviewing its code.

    How did you become a co-lead of a Working Group?
    My group lead and I discussed my available bandwidth to focus on this guild, while still being able to deliver for my team. I later decided to also join the Conferences Working Group in order to bring back some of the expertise in the region, as it’s quite challenging to source events locally.

    The two prior co-leads of the API Reviews Working Group were happy with the work I was doing there and they trusted me to lead the local chapter. I started some other local initiatives to grow the guild, such as making sure that our teams know what services we provide and finding opportunities for our engineers to participate in Standards Committee meetings or write C++ standards proposals. Those efforts were ultimately rewarded with being picked as a Guild Leader, which is a title I wear as proudly as Team Lead.

    We recently launched another working group locally to handle the writing of a standards proposal. All in all, having participated in multiple groups has shown me the power of building a strong network in the guild.

    What do you tell engineers about why they should get involved in the C++ Guild?
    Guilds are the perfect place to stretch your engineering muscle beyond your day-to-day tasks. You’ll work alongside world-class experts who are excited to share their skills. So if you are looking for a venue to grow as an engineer, this is a great place. The guild is not only for you to receive; we are also interested and open to see what you want to contribute. The guild is an investment, and you get tenfold the time and effort you put in.

    How has the C++ Guild community supported your career development?
    As the guild looked to expand its presence in APAC, they trusted me to lead the local chapter, and thus was positively noticed and supported by my manager. Because I was invested in finding opportunities for our engineers, I took even more initiative and nominated and sent my people to events, and this was also noticed. I have no doubt that these were some of the milestones that were considered when my managers decided to make me a team lead. It’s safe to say that I feel a whole lot more complete as an engineer thanks to being in the guild.

    Last year, you attended CppCon. Why is it important for Bloomberg engineers to attend, participate, and speak at technical conferences?
    While we are immersed in our day-to-day work, it’s easy to forget that best practices and the bar for excellence in C++ is a moving target. But the language keeps evolving. Bloomberg aims to lead this movement, and is committed to being a strong voice in the C++ Standards conversation. So we want our engineers to be engaged in the community, to learn from it, and to give back.

    This starts by fostering a culture of curiosity and openness. Question the status quo, understand where we are, and improve on it. We invest in our engineers so they have the opportunity to share what they know with the community at a conference or a local meetup, get feedback, and take their ideas to the next level. Ultimately, when an engineer presents a proposal on stage at CppCon, they will reach and influence the community at scale, so we make sure we utilize that opportunity for both our business’ and the individual’s growth.

    “Guilds are the perfect place to stretch your engineering muscle beyond your day-to-day tasks. You’ll work alongside world-class experts who are excited to share their skills. So if you are looking for a venue to grow as an engineer, this is a great place.”

    – Aurelien Cassagnes

    Elena Vorobyeva is Team Lead on the Sessions Infrastructure team, part of Platform Security. She first joined Bloomberg as a contractor on the Real-time Data team. She eventually accepted a permanent position working on application middleware, and then market data.

    Tell us about how you got involved with the C++ Guild?
    I am the Lead of the C++ Guild’s Conference Working Group. When I first joined the guild in 2019, there were several groups within the Guild that were in need of leadership. I chose to lead the Conference Working Group because national and international conferences create possibilities for community-wide professional development and education. I also enjoy sharing my own fascination with and knowledge of C++.

    What is your Working Group charged with?
    The Conference Working Group is responsible for managing conference-related activities. Each year, we recommend which conferences related to C++ that the Engineering department should sponsor. We decide which sponsorship level best aligns with Bloomberg’s objectives. We also provide support and assistance to individuals participating in these conferences, whether as first-time attendees or seasoned presenters. This ensures that our team members are well-prepared and can make the most of their conference experience.

    Why is it important for Bloomberg engineers to attend, participate in, and speak at technical conferences?
    Each year, Bloomberg participates in more than a dozen C++ conferences around the globe. We also have many engineers involved in WG21, the ISO C++ Committee that helps shape the international standard for the C++ language. Bloomberg has one of the world’s largest C++ codebases, and as that investment grows, it is important to show our commitment to this language, which leads in both performance and safety.

    Bloomberg’s engineers are widely recognized as thought leaders and experts in the field. At conferences and on committees, we also have a chance to discover insights, share perspectives and get inspiration from experts outside the company.

    Conferences are also an excellent way to show potential talent that Bloomberg is not only a financial services company, but also a leading software company. In addition to presenting our work, we get to share our unique company culture, where people can stretch professionally and contribute to the evolution of technology. People from other companies tell us that they are fascinated that every Bloomberg employee they talk to tells the same story: we love where we are, and we trust that we are appreciated.

    Our own employees come home from these conferences with a renewed appreciation for what Bloomberg offers, both professionally and as a place to work and grow. The chance to present their work to outside audiences offers people a moment to step back and understand what they have accomplished and how much that matters to the greater C++ community.

    How has the C++ Guild community supported your career development?
    The Guild community continues to introduce me to a network of talented and driven people outside of my own department. The meetups and events organized and supported by the Guild have given me the opportunity to deepen my technical knowledge in C++ and other related areas. Being involved in the Conference Working Group has allowed me to mentor colleagues across the company. I feel like I am helping to create – while also being given – a comprehensive platform for both personal and professional growth.

    What makes guilds a great way for engineers to learn new skills and develop their interests in emerging technologies?
    Guilds provide a dynamic environment to share information both throughout our company and externally as well. Interaction with a diverse array of Working Groups allows contributors to focus on many aspects of professional development. In the C++ Guild, deeply technical Working Groups collaborate to conduct in-depth exploration of current topics such as Reflection, Inter-Thread Communication, and API review, while others focus on community and organization, event planning, presentation, and project management. This variety ensures that every engineer can find a group that aligns with their own interests and career goals, and can also learn from the research and work of others. In addition, people can flexibly commit to join the Guild and participate when they have time or an interest in doing so. Everybody is welcome!

    “The meetups and events organized and supported by the Guild have given me the opportunity to deepen my technical knowledge in C++ and other related areas. Being involved in the Conference Working Group has allowed me to mentor colleagues across the company. I feel like I am helping to create – while also being given – a comprehensive platform for both personal and professional growth.”

    – Elena Vorobyeva

    Jessica Winer is a Junior Software Engineer working on Bloomberg’s Asset and Investment Management (AIM) Enterprise product. She is responsible for creating a highly configurable automated user experience for Post Trade. She joined Bloomberg three years ago.

    Tell us about how you got involved with the C++ Guild? How long were you at Bloomberg before you got involved with the community?
    When joining Bloomberg, I was particularly drawn to the company’s “Choose your own adventure” style of career development. I’ve tried to take full advantage of a wealth of opportunities offered to me to have impact across the firm. I have been able to dive into the deep end of technical projects, have gotten lost in the weeds, and climbed my way out. And I’ve been able to take projects from ideas to reality even at this early stage of my career. My Team Lead pointed me towards guilds as an avenue for exposure and technical exploration. As a new member of the C++ Guild, I have gotten to work with engineers across the company.

    What initiatives have you been actively involved in?
    I have gotten involved in a few different working groups, such as the Recommended Libraries Working Group, where I learned about weighing the qualities of different tools to solve a specific technical problem.

    As part of the Testing Working Group, I’ve learned about testing best practices across Bloomberg, and have contributed to tools to increase testing coverage. This group is particularly interesting to me, as I have been co-leading a local department working group for testing for over a year, where we have been creating a cross-department solution for Gherkin-style system tests which can be run automatically on a daily interval. Through the Guild, I realized that a lot of the questions we were deliberating in our department were already being discussed Bloomberg-wide.

    Most recently I have been working in the Conferences Working Group, learning more about the organization of conferences and Bloomberg’s involvement externally.

    Are there any conferences you have attended as a speaker or presented your work?
    My first conference through Bloomberg was CppCon 2023, which is the world’s largest C++ conference. While I enjoyed learning from brilliant minds and expanding my knowledge in formal sessions, it was truly incredible to meet members of the C++ Standards Committee, who are helping to evolve the language, as well as Bjarne Stroustrup, who created the language. These people all went out of their way to welcome us into the community. After attending CppCon, I co-created a presentation on system design with a colleague, which we presented at ACCU 2024 in Bristol, UK.

    What’s one thing you wish people knew about the Guilds?
    Guilds are meant to be a learning opportunity for those at the company. You don’t already have to be a domain expert to join. You will become part of a network of brilliant engineers and domain expertise will follow.

    In 2024, you attended CppCon. Why is it important for Bloomberg engineers to attend, participate in, and speak at technical conferences?
    Conferences are a great opportunity to meet brilliant engineers both in and outside of Bloomberg. Attending conferences gives you dedicated time to learn from others and to improve your technical skills.

    “When joining Bloomberg, I was particularly drawn to the company’s “Choose your own adventure” style of career development. I’ve tried to take full advantage of a wealth of opportunities offered to me to have impact across the firm. I have been able to dive into the deep end of technical projects, have gotten lost in the weeds, and climbed my way out. And I’ve been able to take projects from ideas to reality even at this early stage of my career.”

    – Jessica Winer

    Conor Spilsbury is a Senior Software Engineer within the Trade Automation and Execution organization, where he works on Bloomberg’s Listed Securities Execution Management System, EMSX, a real-time, high throughput, multi-asset transactional trading platform used by financial institutions around the world to manage their daily trading activity. He has worked at Bloomberg for five years, having joined as an entry-level engineer in the infrastructure team after finishing his master’s degree in mathematics. He is now working on deepening the integration between EMSX and AIM, our buy-side OMS, as part of Bloomberg’s enterprise offerings.

    How did you get involved with the C++ Guild?
    I am always looking for what more I can be doing – both in my own team and beyond. Six months after I joined Bloomberg, I read a post in one of the internal newsletters looking for help in organizing Guild activities. My managers at Bloomberg have always encouraged and supported me to participate.

    The Guild is responsible for a C++ newsletter that is regularly sent to engineers at Bloomberg. We use this to share recent updates in the C++ community, including changes to our build tools, tooling or library updates, advertising upcoming conferences that engineers can attend, internal transfer opportunities, internal talks from Bloomberg employees or special guests (e.g., the C++ Guild recently hosted Sean Baxter to talk about the Circle Compiler), and ultimately highlighting opportunities for engineers to get involved in the C++ community itself.

    The newsletter has been running for five years now and we still experiment with what we can include in it. For example, we’re also trying to do more to promote ways to contribute to “inner source” projects and have been running a “Feature of the Month” column which shares a tip about a C++ feature. The most recent newsletter included tips on C++23’s ‘std::expected’.

    How did you become co-chair?
    As the Guild has grown, we have expanded the domains that we work on, which means there are all kinds of new opportunities for engineers to get involved in. The Guild is organized into dedicated Working Groups, each of which is focused on a particular domain.

    I found myself making contributions to multiple different WGs and have led two of them; I’ve contributed to API Reviews, Communications, Membership, Recommended Libraries, Testing, and organized our presence at an internal conference called “Guild Week” over multiple years, and even delivered talks at this conference.

    One of the primary forms of responsibility for me in recent years has come from being involved in Membership and supporting new members to get involved. This has also led me to presenting talks about Guild to other internal communities at Bloomberg.

    After a few years of making increasingly larger contributions across multiple working groups, I put myself forward to be the next chair of the Guild and I was fortunate to receive a lot of support.

    What are some of the ways the C++ Guild’s members influence C++ utilization both within and outside the company ?
    One of our goals is to bring engineers across the company together to work on influencing the direction of C++ at Bloomberg and improving the development experience internally. We do this by establishing best practices and guiding principles based on community feedback and contributions.

    For example, our Tooling Working Group maintains and improves our tools for C++ development along with standardizing this tooling. They are currently working on implementing the Common Package Specification as described by our very own Bret Brown at CppCon 2023 in collaboration with KitWare.

    In addition, Bloomberg has many active contributors to new features in the C++ programming language, and we have a Working Group that coordinates our efforts with the wider international standardization working group for C++, WG21. For example, Dan Katz, our previous Guild co-chair, is a co-author on the paper that proposes to add Reflection into C++26, which will be a major milestone for the language.

    How has the C++ Guild community supported your career development?
    I’ve been able to gain a lot more technical knowledge, including expert insights, best practices, and industry trends that have helped me deepen my understanding of the language and stay up-to-date with the latest developments both internally at Bloomberg and externally in the wider community.

    Being involved in the Guild is also a unique opportunity to have company-wide impact and to gain leadership experience whilst remaining an individual contributor as opposed to going down a Team Lead or Management track. I’ve taken the lead in organizing Guild initiatives, setting direction, and mentoring others to achieve our goals. This experience has not only helped me become a more effective team player but also given me the confidence to take on new challenges in my own role. I’ve been able to bring this experience back to my team and make more meaningful contributions as a result.

    The community has also provided me with opportunities to meet and connect with engineers in other departments, which has been a great way to expand my network and learn about new areas of the company. It’s amazing how often I’ve been able to find the exact person I need to answer a question or provide guidance.

    I found this particularly useful when I was looking for a new challenge and decided to move teams internally to an entirely new domain. Thanks to the Guild, I had already established relationships with engineers who could offer valuable advice and introductions. As it turns out, the first time I met two of my current teammates in EMSX was when the three of us were attending CppCon, a C++ industry conference!

    At CppCon 2024, I gave my first talk at a conference which was a really rewarding experience. In particular, collaborating with colleagues as we went back and forth improving the talk together.

    How do you encourage employees to get involved?
    Some engineers will join the Guild with a clear idea of what they want to work on, but others may not know where to start. In either case, the most important thing is to bring enthusiasm and a curiosity to learn more. To help with this, we have a Membership Working Group that pairs each new member with an experienced Guild member to support them. It all comes down to trying out new things, volunteering to get involved in an initiative, or pitching something new and sharing ideas.

    Ultimately, the more perspectives represented by engineers in the Guild, the better. Our goal is to reach engineers across the entire company in all of our departments and at every experience level to improve their experience.

    “Being involved in the Guild is also a unique opportunity to have company-wide impact and to gain leadership experience whilst remaining an individual contributor as opposed to going down a Team Lead or Management track.”

    – Conor Spilsbury

    Check out some open roles with our engineering teams that utilize C++.

    MIL OSI Economics

  • MIL-OSI Economics: Celebrating the Q1 2025 recipients of Bloomberg’s FOSS Fund

    Source: Bloomberg Press Statements

    Headline: Celebrating the Q1 2025 recipients of Bloomberg’s FOSS Fund

    Open source software is foundational to Bloomberg’s engineering culture. As an open source-first company with a deep commitment to philanthropy, Bloomberg believes it is imperative to strengthen the broader technology ecosystem by sustaining the projects that power its products and services.

    These principles led the firm to launch the Bloomberg Free and Open Source Software (FOSS) Contributor Fund in January 2023. The initiative is designed to empower the company’s technologists to vote on directed grants to open source projects that they use, admire, and believe in, in order to support the communities and people behind them that keep the web running.

    The FOSS Contributor Fund, led jointly by Bloomberg’s Open Source Program Office (OSPO) and Corporate Philanthropy teams, actively engages technologists across the firm in the allocation of funding to open source projects. It also provides financial support to maintain or expand projects, gives recognition to well-deserving technologies, and fosters a greater sense of ownership, responsibility, and pride within Bloomberg’s internal open source community.

    Let’s meet the Q1 2025 recipients who have been awarded Bloomberg FOSS Contributor Fund grants of $10,000 each: OpenMetadata and Wikimedia Foundation.

    OpenMetadata: OpenMetadata is an open and unified metadata platform for data discovery, observability, and governance. Since managing data across modern systems can be messy, OpenMetadata helps clean that up by providing a standard for metadata management, getting the right data to the right people, informing data lineage, and collectively managing risk and compliance. It’s helping organizations understand and trust their data, enabling teams to make better decisions, faster.

    “We are deeply honored to receive the Bloomberg FOSS Fund grant as recognition of the OpenMetadata community and validation of the amazing work our contributors are doing,” said OpenMetadata committer Sriharsha Chintalapani. “At OpenMetadata, our mission is to democratize data discovery, observability, and governance for every data team. It’s the reason why thousands of companies — from startups to Fortune 500s — rely on OpenMetadata everyday to unlock the value of their data. This grant will be put back into our community to ensure our ecosystem evolves at the pace of modern data and AI.”

    Wikimedia Foundation: Wikimedia is the nonprofit behind Wikipedia, the free online encyclopedia that anyone can edit, and a constellation of other free knowledge projects. Wikipedia is one of the world’s most visited websites and a cornerstone of open knowledge on the internet. It’s maintained by volunteers who can edit text, data, references, and images. It’s also a reminder that not all open source impact is technical – some of it is cultural and educational.

    “The Wikimedia Foundation is grateful to receive this grant from Bloomberg’s FOSS Fund. As the host of Wikipedia and other Wikimedia free knowledge projects, this funding will support the technology that makes Wikipedia possible and improvements to how people read and share knowledge on the site,” said Lisa Seitz Gruwell, Wikimedia Foundation’s Chief Advancement Officer. “This recognition from Bloomberg’s staff is testament to Wikipedia’s value as the world’s largest open source free knowledge project, made possible by a global community of nearly 260,000 volunteers committed to making trustworthy knowledge accessible to all.”

    Alyssa Wright of Bloomberg’s OSPO shares, “OpenMetadata and Wikimedia Foundation join 24 other impactful open source projects that have been recognized by the Bloomberg FOSS Contributor Fund over the past two years. This program plays a pivotal role in how Bloomberg supports open source, and my team is proud to give back to the communities that make modern software possible.”

    The FOSS Contributor Fund represents one key facet of Bloomberg’s broader, sustained commitment to supporting the open source ecosystem. Wright explains, “We do a great deal to support the open source ecosystem, empowering our engineers to be active and leading contributors, and providing support to the foundations and communities vital to open source. Corporate Philanthropy is an incredible partner in this work.”

    Francesca Romano of Bloomberg’s Corporate Philanthropy team comments, “What sets Bloomberg’s open source strategy apart is how deeply it’s shaped by our long-standing commitment to philanthropy. Charitable giving and service are central to our culture, and we apply that same spirit to open source and the critical digital infrastructure that drives innovation. Through initiatives like our FOSS Contributor Fund, we’re proud to invest in a stronger, more sustainable and impactful open source ecosystem.”

    Additional FOSS Contributor Fund recipients will be announced throughout the year, each one a reflection of the vital role open source plays in powering innovation both within Bloomberg and in the shared digital world around us.

    MIL OSI Economics

  • MIL-OSI Economics: Building pathways together: Bloomberg, TIAA/Nuveen, and City Tutors invest in the next generation

    Source: Bloomberg Press Statements

    Headline: Building pathways together: Bloomberg, TIAA/Nuveen, and City Tutors invest in the next generation

    On a recent spring evening, more than 100 students, mentors, and professionals came together at Bloomberg’s Global Headquarters for a career-focused gathering hosted in partnership with TIAA/Nuveen and City Tutors. This gathering was part of Bloomberg’s Your Path, Your Future program, an initiative designed to introduce young people to careers in industries where Bloomberg has expertise including technology, data, news, and finance and to connect young people with experienced professionals who can help them navigate the path to success. 

    Designed with students at the center, the evening featured a dynamic panel, small-group breakout sessions, and direct networking opportunities with professionals. Participants asked thoughtful questions, shared personal stories, and gained exposure to real career journeys. Mentors left energized by the insight, determination, and readiness they saw in the room. 

    “We created Your Path, Your Future to help young people see what’s possible and to connect them with the people and experiences that can help them get there,” said Nancy Cutler, who leads Corporate Philanthropy for the Americas at Bloomberg. “Partnering with City Tutors and TIAA/Nuveen shows the power of working together around a shared purpose to scale our impact and create more pathways to success.”

    Building on years of collaboration, the evening marked Bloomberg’s first in-person event with City Tutors, a nonprofit working to expand opportunities for young people across New York City. Attendees included undergraduates, recent grads, and master’s students from across CUNY’s 25 campuses, many of whom are balancing school, work, and caregiving while pursuing their career goals.

    “Our community carries more than most—juggling school, work, caregiving, and the hopes of their families. And still, they show up with hunger, curiosity, and the drive to grow. What made this night special was that the professionals from Bloomberg and TIAA/Nuveen truly saw that. They saw themselves in our students. They responded with care, openness, and real respect. Our learners left feeling seen, and excited to imagine themselves in places like this, not as visitors, but as future colleagues,” said Garri Rivkin, Executive Director, The City Tutors.

    Since 2021, more than 160 Bloomberg employees have volunteered with City Tutors, with 68 currently serving as active mentors. This event built on that momentum and on Bloomberg’s broader efforts to expand access to careers in technology, news, and finance through mentorship and community engagement. 

    A shared investment in talent and community

    For Bloomberg and TIAA/Nuveen, this was an opportunity to connect with homegrown NYC talent. These students and young professionals brought insight, skill, and determination, and left the evening with new tools and perspectives to fuel their career journeys. The evening served as both a showcase of shared commitment and a celebration of what’s possible through partnership.

    “This meaningful partnership with Bloomberg and The City Tutors aligned perfectly with TIAA/Nuveen’s Igniting Brighter Futures initiative, which exposes high school and college students, many of whom are first-generation college students, to a range of careers in the financial services and asset management industries,” said Amy O’Brien, Global Head of Responsible Investing at Nuveen. “Through our Igniting Brighter Futures initiative, we aim to inspire and provide life skills that help prepare students for success and a pathway to and through college and into the workforce.”

    TIAA/Nuveen’s participation added to the experience, reflecting a strong partnership between the two companies and a shared commitment to supporting future leaders. Together, Bloomberg and TIAA/Nuveen created a space where the learners could ask questions, gain visibility into career paths, and begin building meaningful professional relationships.

    A night of perspective and possibility

    That spirit of possibility could be felt throughout the evening. Participants arrived prepared with questions, goals, and a hunger to learn. They left not only with answers, but also with greater confidence, clarity, and a better understanding of the steps ahead. These conversations offered insight into real career journeys and the value of building connections along the way.

    “I got a glimpse of real office culture and saw how welcoming everyone was. It wasn’t about being the most talented but about embracing new perspectives,” said Mitu Akter, Baruch College student

    Mentors also walked away with a renewed sense of purpose, inspired by the students’ energy and reminded of how impactful one conversation can be. “It was an amazing event. The panelists offered thoughtful guidance, personal stories, and practical advice that really resonated. The students were highly engaged and eager to build connections. You could feel the energy in the room—it was truly inspiring,” said Rebecca Emery, Bloomberg mentor.

    As the evening came to a close, one message stood out: Your Path, Your Future is more than a program. It was a commitment to community, to collaboration, and to the next generation of leaders. 

    MIL OSI Economics

  • MIL-OSI Economics: Transforming fixed income data management with AI and human expertise

    Source: Bloomberg Press Statements

    Headline: Transforming fixed income data management with AI and human expertise

    With the increasing complexity of global finance, speed must be matched with accuracy and context.

    Recognizing this, for some use cases, Bloomberg has adopted a “human-in-the-loop” workflow in which human intelligence augments automated systems. This approach allows subject matter experts with deep domain knowledge to supervise AI-driven data extraction, ensuring that the outputs meet the high-quality standards expected by professionals working in the financial sector. 

    For Bloomberg’s fixed income data, this combination has proven particularly effective in addressing the complexities of term sheets, creating innovative solutions to ingest this data that better serve both internal teams and customers. 

    The challenging role of term sheets in fixed income 

    The corporate bond market encompasses a multitude of structures tailored to the needs of various investors, financing companies across the economy. Bloomberg plays a crucial role throughout the issuance process, providing yield calculators, risk metrics, trade ticketing, and reference data. Corporate bond data is vital for investors to make informed decisions on whether to purchase debt instruments from corporate entities. Given that there is no official centralized data source, Bloomberg serves as a key provider of this information to clients.  

    Clients are increasingly looking to electronify and automate the new issuance process to improve efficiency and reduce operational risk. As automation advances, the timeliness of data becomes even more critical, allowing investors to make faster, more informed decisions. 

    As one industry report highlights: “The top operational priority for buy-side, and many sell-side, traders in a year of record bond issuance is to streamline and electronify the primary market bond investment process.” 

    Processing the term sheets that outline the basic terms and conditions of each bond has historically been a labor-intensive task, requiring analysts to manually extract key data points. However, as the volume and complexity of financial instruments have grown, this manual approach has become unsustainable. 

    To address this challenge, Bloomberg’s Data team has developed AI-driven systems to automate the extraction of term sheet data. Machine learning models were created to recognize and extract crucial data fields, such as the bond’s term, interest rate, and yield—significantly improving the speed and efficiency of this process. 

    Historically, training these models required a substantial number of annotated term sheets due to variations in reporting formats. Experts reviewed the model outputs, ensuring annotations were precise to prevent incorrect training data from compromising the system’s effectiveness. 

    “This was a complex project,” recalls Esmie Papadimitriou, Team Leader, Fixed Income Data. “We quickly realized that we needed our best people for the annotation work. The deeper their subject matter expertise, the more efficient and effective they are. If annotations were not done well, we could have ended up with incorrect model training and months of wasted work.” 

    Addressing global market variability 

    One of the biggest challenges in automating term sheet processing is accounting for differences across global markets. Term sheets vary significantly in: 

    1. Structure – The length, delivery method, and order of information differ by region. 
    2. Language – In EMEA and APAC, term sheets are often written in local languages, requiring specialized models to interpret them accurately. 
    3. Content Interpretation – Local market conventions impact how certain terms are expressed or omitted, necessitating domain expertise to ensure accurate data extraction.

    Bloomberg’s approach to automation factors in these variations by combining machine learning outputs with business logic and market expertise. The system is designed to identify crucial details that are missing—such as the bond issuer, currency, or denominations—and apply appropriate derivations based on the specific market context.  

    “This knowledge has been gathered over decades of working with market participants and has been coded into our automation pipelines,” explains Papadimitriou. “Our pipelines make use of AI-driven content extraction while incorporating domain-specific rules to ensure accuracy.” 

    Combining AI and human expertise to drive innovation 

    While AI enables the rapid processing of large volumes of term sheets, human expertise ensures that the extracted data is accurate, complete, and contextually appropriate. Bloomberg’s domain experts collaborate closely with the firm’s AI engineers to refine models and evaluate their outputs, ensuring the solutions they are used in meet the high standards expected by clients.” 

    “Stronger foundation models have been a game-changer: instead of spending months building and training bespoke systems, we can now deliver high-quality results in weeks — as long as we invest in clear task definitions, robust evaluation datasets, and tight feedback loops,” shared Shefaet Rahman, Global Head of AI Services in Bloomberg’s AI Engineering group. “Our collaboration with the Data department has been critical in turning these into durable assets that scale across workflows, enabling faster innovation without sacrificing precision.” 

    The partnership between Bloomberg’s Fixed Income Data team and Engineering has been instrumental in driving this innovation. “We have people who understand the technology stack and how to work with Engineering,” Papadimitriou emphasizes. 

    Freeing up time while safeguarding data quality 

    This approach has transformed Bloomberg’s fixed income data management. By combining the speed of AI with human oversight, the team has improved the accuracy of its data extraction pipeline while freeing up time to expand coverage into new and emerging markets, such as the Baltics and other Eastern European regions. This allows Bloomberg to anticipate customer needs and provide traders with critical data when they need it, helping them derive insights faster.  

    Linn O’Connor, Global Head of Data Securities, highlights how analysts are now able to focus on higher-value tasks: “It just makes the job more interesting. The tasks are different, and it becomes much more project-based. People are able to do much more to an even higher standard of quality.” 

    Looking ahead 

    As Bloomberg continues refining its AI systems and enhancing its data management processes, subject matter experts remain essential in ensuring that the data provided is accurate, relevant, and aligned with clients’ needs.  

    “AI and automation are powerful tools, but it’s the people behind the technology who make the difference. By working together, we can create innovative solutions that not only meet the demands of today’s market but also prepare us for the challenges of tomorrow,” Papadimitriou notes. 

     By blending cutting-edge technology with human expertise, Bloomberg isn’t just keeping up with the data-driven financial world—it is shaping its future. 

    Interested in learning more about open roles within Bloomberg Data? Explore the opportunities.

    MIL OSI Economics

  • MIL-OSI: Matt Morgan Joins Netcapital Crypto Advisory Board

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, MA, June 12, 2025 (GLOBE NEWSWIRE) — Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced that Matt Morgan has joined the Company’s newly established Crypto Advisory Board.

    A seasoned advisor to multiple blockchain ventures, Matt Morgan currently serves as an advisor to World Liberty Financial, a decentralized finance (DeFi) initiative backed by Donald Trump. He brings extensive expertise in digital asset strategy, decentralized systems, and the evolving regulatory landscape.

    Morgan joins an accomplished group of industry leaders on the Crypto Advisory Board, including Kyle Klemmer, Josh Meier, Eric Galen, Armondo Soto, and Noah Holmes.

    “The integration of blockchain, digital assets, and crypto with traditional finance presents an exciting opportunity for Netcapital to lead in shaping the future of capital formation,” said Martin Kay, CEO of Netcapital Inc. “We are excited to welcome Matt and the entire Crypto Advisory Board to the team as we pursue innovation at the intersection of fintech and decentralized finance.”

    In connection with their appointments, the Company has granted each Crypto Advisory Board member stock options under its 2023 Equity Incentive Plan.

    Company Also Announces PIPE Financing to Support Growth

    In a separate announcement, the Company issued an aggregate of 118,750 shares of its common stock at a purchase price of $4.00 per share, for gross proceeds of $475,000, in a private placement to ten accredited investors. The shares are subject to a price reset provision, which adjusts the effective purchase price in the event the Company issues additional equity securities at a lower price in the future. However, in accordance with Nasdaq Listing Rule 5635(d), the adjusted price shall not be lower than the “Minimum Price,” which is $2.56.

    The Company intends to use the net proceeds from the offering for general corporate purposes.

    The securities described above have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The Company has agreed to file a resale registration statement with the U.S. Securities and Exchange Commission (the “SEC”) covering the resale of the securities issued in the offering.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Netcapital Inc.

    Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company’s consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal, Inc. is registered with the SEC and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.

    Forward Looking Statements

    The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

    Investor Contact

    800-460-0815 ir@netcapital.com

    The MIL Network

  • MIL-OSI Russia: The 3rd Tianjin International Shipping Industry Expo Brings Significant Results

    Translation. Region: Russian Federal

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

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

    TIANJIN, June 12 (Xinhua) — The 3rd Tianjin International Shipping Expo opened Thursday in north China’s Tianjin Municipality, with agreements signed on 70 key projects with a total investment of over 40 billion yuan (about 5.6 billion U.S. dollars), organizers said.

    These projects cover important sectors such as marine equipment manufacturing, port and shipping logistics, trade, clean fuels and shipping finance.

    The projects will greatly enhance the city’s role as a northern international shipping hub and accelerate the integration of port, industry and urban development, a Tianjin Investment Promotion Authority official said.

    The EXPO, which includes nine thematic zones with a total area of over 50,000 square meters, is attended by over 440 enterprises, renowned ports and industry associations. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Head of the Presidential Administration of Mongolia G. Zandanshatar appointed as the country’s new Prime Minister

    Translation. Region: Russian Federal

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

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

    ULAN BATOR, June 13 (Xinhua) — Mongolian Presidential Administration Chief of Staff Gombojavyn Zandanshatar was appointed as the new prime minister of Mongolia on Friday following a plenary session of the State Great Khural (parliament) of the country.

    His candidacy was submitted to the deputies for consideration by the President of Mongolia Ukhnaagiin Khurelsukh, and 92.3 percent of legislators voted for it.

    G. Zandanshatar, 55, graduated from the Irkutsk Institute of National Economy (now Baikal State University) in 1992 with a degree in financier and economist. That same year, he also received a master’s degree in economics and finance from the same university.

    Since 2004, he has been elected as a deputy of the State Great Khural four times. In 2009-2012, he served as Minister of Foreign Affairs of Mongolia. From 2017 to 2019, he served as the head of government affairs, and in 2019-2024, he worked as the Chairman of the Parliament.

    On June 9 this year, the ruling Mongolian People’s Party endorsed the candidacy of 55-year-old G. Zandanshatar as the country’s next prime minister. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China and EU central banks pledge to strengthen cooperation

    Translation. Region: Russian Federal

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

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

    BEIJING, June 12 (Xinhua) — The central banks of China and the European Union have vowed to strengthen cooperation amid a complex and volatile international environment.

    The corresponding intention was voiced at the first annual meeting of the governors of the People’s Bank of China (PBOC) and the European Central Bank (ECB), which was co-chaired in Beijing on Wednesday by PBOC Governor Pan Gongsheng and ECB President Christine Lagarde.

    The meeting included an in-depth exchange of views on topics such as the financial and economic situation in China and the eurozone, reform of the international monetary system and global financial regulation, as well as key areas of cooperation between the two central banks.

    The parties signed a memorandum of understanding on cooperation between the PBOC and the ECB, which provides for the establishment of a mechanism for annual meetings at the level of the heads of state, as well as further improvement of the cooperation framework in such areas as information sharing, communication on central bank policies and technical cooperation.

    Pan Gongsheng assured that China remains committed to advancing high-quality development through high-level opening-up and is willing to strengthen coordination and cooperation with other economies including the EU to jointly tackle global challenges.

    He also stressed that the PBOC expects to continue to maintain exchanges and cooperation with the ECB, effectively making use of the mechanism of the executive meetings as an important platform to strengthen policy communication and advance the cooperation between the two financial institutions to a new height.

    For her part, K. Lagarde pointed out the importance of deepening Chinese-European cooperation, noting that the signing of the memorandum of understanding is a confirmation of the ongoing dialogue with the PBOC. –0–

    MIL OSI Russia News

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the Clean Industrial Deal – B10-0278/2025

    Source: European Parliament

    Paolo Borchia, Isabella Tovaglieri, Julie Rechagneux, Jorge Buxadé Villalba, Ondřej Knotek, Filip Turek, Auke Zijlstra, Barbara Bonte, Jana Nagyová, Aleksandar Nikolic, Silvia Sardone, Raffaele Stancanelli
    on behalf of the PfE Group

    B10‑0278/2025

    European Parliament resolution on the Clean Industrial Deal

    (2025/2656(RSP))

    The European Parliament,

     having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

     having regard to the Commission communication of 26 February 2025 entitled ‘Action Plan for Affordable Energy’ (COM(2025)0079),

     having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

     having regard to the Commission communication of 5 March 2025 entitled ‘Industrial Action Plan for the European automotive sector’ (COM(2025)0095),

     having regard to the Commission communication of 11 December 2019 on the European Green Deal (COM(2019)0640),

     having regard to the questions to the Commission [XXXXX],

     having regard to Rules 142(5) and 136(2) of its Rules of Procedure,

     having regard to the motion for a resolution of the Committee on Industry, Research and Energy,

    A. whereas the Clean Industrial Deal was presented at a time of a serious competitiveness crisis; whereas it was supposed to represent the first step towards a decisive shift in pace and approach in EU policies, in order to safeguard businesses and industrial capacity across the EU;

    B. whereas European industry is facing fierce competition from global players, with competitors benefiting from public investment, lower energy prices and a favourable regulatory environment, which are factors that provide significant advantages and encourage the relocation of EU enterprises to non-EU countries; whereas in recent decades, the policies pursued by the Commission, causing overregulation in industrial matters and setting unreasonable and unattainable environmental targets, have contributed to the massive relocation of EU production to non-EU countries, resulting in significant job losses, desertification and deterioration of living conditions in certain regions, as well as a transfer of knowledge and increased dependencies in strategic sectors;

    C. whereas the implementation of the Fit for 55 package and other legislation under the Green Deal imposes stringent targets for the reduction of CO2 emissions, which undermine European industrial competitiveness; whereas the policies related to the Green Deal have shown serious drawbacks, especially in the current competitiveness crisis, such that a change of approach, including by revising the targets set and comprehensively reviewing the current legislation, appears to be crucial;

    1. Notes the publication of the Clean Industrial Deal and the announcement of upcoming initiatives by the Commission; expresses concern about their potential ineffectiveness and the risk of further harming the competitiveness of EU businesses; believes that forcing market change through legislative measures, rather than allowing it to be driven by business-led innovation, is a fundamentally flawed approach; calls for a decisive change of pace from the previous legislative term, including a thorough revision and repeal of pieces of legislation adopted under the framework of the Green Deal;

    2. Calls, in any case, for the implementation of the economically harmful policies of the Green Deal to be suspended, to enable a re-evaluation of their objectives and application; urges the Commission, moreover, to refrain from proposing a legislative initiative for an intermediate target of 90 % reductions in net greenhouse gas emissions by 2040;

    3. Expresses concern about the way in which the Commission drafts its legislative proposals and conducts impact assessments, which reveals a lack of full stakeholder involvement and in-depth analysis of the effects, including long-term, on competitiveness; stresses the importance of ensuring effective consultation with all stakeholders, including local and regional entities, in order to improve the accuracy of impact assessments, thus avoiding the need to revise regulations shortly after their adoption and reducing uncertainty in an environment already marked by the crisis;

    4. Urges the Commission to engage in structured sectoral dialogue with industry representatives, academia, social partners and relevant stakeholders from energy-intensive sectors, as well as cross-border regional industrial clusters, to ensure that policies are aligned with real industrial needs and challenges; affirms that well-targeted industrial policy, starting from a review of the EU decarbonisation objectives, is crucial to ensure a strong industrial base and to create and maintain high-quality jobs in the EU; affirms its commitment to fostering stable and predictable industrial policies that take into account the impact on the competitiveness of EU companies, and commits to upholding the principle of technology neutrality when adopting such policies, as a cornerstone for building competitive European industry;

    5. Notes the affordable energy action plan; strongly stresses the need for action aimed at reducing volatility and lowering the high energy prices that impact heavily on businesses and consumers; urges the Commission and the Member States, following adequate impact assessments and consultation with the stakeholders, to put forward ways to decouple electricity prices from fossil fuel prices; warns against Commission initiatives that could circumvent Treaty provisions assigning competence over the energy mix to the Member States;

    6. Expresses concern about the overly excessive focus of EU policies on electrification and renewables, which has been reaffirmed with the Clean Industrial Deal; states the need to promote a diversified energy mix that includes clean and low-carbon energy, in order to ensure security of energy supply and competitiveness; emphasises that relying solely on electrification will be extremely challenging for energy-intensive industries; stresses the indispensable role that natural gas will continue to play in the energy mix; reiterates the need to develop measures to ensure gas supply at a mitigated cost and calls on the Commission to ensure an improved, stable and certain regulatory framework; deplores the proposal to eliminate all subsidies for fossil fuels;

    7. Acknowledges that the electricity grid infrastructure plays an essential role in achieving the EU’s strategic autonomy; calls on the Member States to fully explore, optimise, modernise and expand their electricity grid capacities, including transmission and distribution, with technological neutrality as a core principle; considers electricity grids to be a central element in the transition to a competitive economy;

    8. Recalls the large-scale blackout that affected the Iberian Peninsula on 28 April 2025, leaving over 50 million people without electricity for several hours and causing severe disruption to transport, telecommunications and essential services; underlines that, at the time of the incident, renewable energy accounted for approximately 70 % of Spain’s electricity mix, and that only a few days earlier, on 16 April, the Spanish grid had operated entirely on renewable energy; highlights the fact that the blackout was caused by multiple factors, including the excessively high share of variable renewables, which contribute less to grid inertia compared to conventional power plants, making it more difficult to manage sudden frequency changes; strongly affirms, as a consequence, the need to adopt a technologically neutral approach in the planning, development and strengthening of electricity networks, in order to enable the safe integration of all technologies that support grid stability, especially in the context of growing energy demand; calls on the Member States to strengthen risk assessments related to systemic electricity shocks and to promote resilient, secure and technologically diversified grid models;

    9. Stresses the fundamental role that low-carbon hydrogen can play; calls for the swift adoption and implementation of a simple, technology-neutral and investment-friendly definition of low-carbon hydrogen in the upcoming delegated act[1], while ensuring that such a definition is robust and science-based, and incentivises hydrogen production; recognises that carbon management, including capture, storage, transport and utilisation, can play a role for hard-to-abate sectors;

    10. Supports the proposal to strengthen a European preference in public procurement processes, in the context of the revision of the public procurement framework in 2026, to the benefit of European businesses; considers this to be essential for enhancing supply chain security and fostering a resilient EU industrial base; remains strongly sceptical about the announced industrial decarbonisation accelerator act and about the extension of new sustainability criteria to the EU budget and national support programmes, as well as to public and private procurement benefiting energy-intensive industries; remains critical of the proposal to introduce new environmental criteria in addition to the many that are already in place, as well as the introduction of environmental labelling for industrial products, which risks creating additional administrative burdens for companies;

    11. Affirms the need to create a favourable environment for investment that is capable of discouraging the relocation of industrial activities outside the EU; recognises the importance of increasing and encouraging both public and private investment in the energy, industry and transport sectors; takes note of the announced creation of a competitiveness fund and calls for this to be an instrument of genuine support for businesses; calls for an EU State aid framework in support of industrial transformation and modernisation, in line with the principle of technology neutrality, also enabling existing plants to access funding for technology upgrades, thereby safeguarding employment and economic stability; expects the new framework to address these needs; expresses its firm opposition to any new own resources and EU-level taxes;

    12. Notes the plan for the automotive sector and the measure for additional flexibility for the calculation of manufacturers’ compliance with CO2 emissions performance standards; considers this insufficient and largely inadequate to address the challenges faced by the sector; urges the Commission to promptly review Regulation (EU) 2019/631[2], particularly by lifting the ban on combustion engine vehicles and removing the sanctions regime; strongly emphasises that technological neutrality is crucial for ensuring sustainable and competitive industry, and calls, therefore, on the Commission to revise the regulation accordingly by fully considering all relevant technological developments, including biofuels;

    13. Notes that raw materials supply remains a strategic vulnerability, with the EU heavily dependent on non-EU suppliers for critical raw materials, requiring an urgent scaling-up of domestic mining, refining and battery recycling capabilities in a technology neutral, publicly accepted way; recalls the need to implement the Critical Raw Materials Act[3] and the Net Zero Industry Act[4] properly and to significantly strengthen industrial and raw materials diplomacy to access new markets via trade and partnership agreements, as well as special critical raw materials access agreements; stresses the crucial importance of catalysing investment to develop a domestic supply chain, ensuring its competitiveness and strategic autonomy;

    14. Stresses that the European Court of Auditors has highlighted[5] the Commission’s inability to achieve the target of capturing 20 % of the global semiconductor market by 2030 through the Chips Act[6]; calls, therefore, on the Commission to confront reality and revise its strategy accordingly, by setting clearer and more measurable objectives, ensuring proportionate and secured funding and promoting the integration of small and medium-sized enterprises (SMEs) throughout the entire semiconductor value chain;

    15. Stresses that EU industry is struggling not only a result of European environmental policies but also because of the overregulation that characterised the previous legislative term; urges the Commission to launch a broad process of genuine simplification and, where appropriate, deregulation; endorses simplification and digitalisation for speeding up administrative procedures; notes the omnibus simplification packages recently presented by the Commission; observes that these highlight flawed or missing impact assessments in the adoption of a number of major legislative measures during the previous term, such as the Corporate Sustainability Reporting Directive[7] and the Corporate Sustainability Due Diligence Directive[8]; affirms the need, in the current context of overregulation and excessive administrative burdens, as well as heavy obligations on businesses, to repeal this legislation; underlines, in any event, the importance of safeguarding smaller enterprises;

    16. Affirms the need to create a truly enabling environment for SMEs, which have been particularly affected by the crisis and represent 99 % of all European businesses; recalls the importance of avoiding any form of discrimination against small businesses that choose to remain small, while continuing to contribute to the economic and social prosperity of the territories in which they operate; calls for accessible funding for SMEs and small mid-caps and further improvements and harmonisation to simplify funding applications, reduce reporting obligations and fast-track small projects; stresses that the new EU-level statute for small mid-caps must not compromise or alter the current classification of micro, small and medium-sized enterprises; underlines that the establishment of the small mid-caps category should not divert attention or resources away from micro and small enterprises, which have distinct needs and priorities; calls, therefore, on the Commission to adopt the necessary measures and safeguards, and to establish thresholds that reflect the actual conditions regarding turnover and number of employees in the Member States;

    17. Notes the proposed simplification of the carbon border adjustment mechanism (CBAM) in the first omnibus package; recalls that the CBAM was introduced to compensate for the effect of the EU emissions trading system (ETS) in order to tackle carbon leakage; underlines that the CBAM, as currently designed, in parallel with the phasing out of the ETS free allowances, will not ensure a level playing field and will undermine competitiveness by increasing production costs and the administrative burden for EU companies; calls for the ETS and the CBAM to be entirely reassessed in the upcoming revision;

    18. Expresses concern about the ongoing negotiations on the reform of Regulation (EU) 2019/452[9], which establishes a framework for the screening of foreign direct investment into the Union; is particularly concerned about the excessive centralisation of control in the hands of the Commission at the expense of the authority of Member States, including those that already have effective national measures in place to protect strategic sectors that are crucial to national interest; underlines that national security and maintenance of public order are, in fact. exclusive Member State competences;

    19. Stresses the critical importance of preserving industrial activity and employment in the EU; warns that misguided industrial policies can have severe repercussions on jobs; underlines the urgent need to equip the European workforce with the necessary skills to adapt to the ongoing digital and industrial transformations, especially in remote and rural areas; calls for increased investment and a comprehensive industrial skills strategy; calls for the adoption of effective measures to address the alarming phenomenon of brain drain;

    20. Instructs its President to forward this resolution to the Commission, the Council and the governments and parliaments of the Member States.

    MIL OSI Europe News

  • MIL-OSI: Micron HBM Designed into Leading AMD AI Platform

    Source: GlobeNewswire (MIL-OSI)

    A Media Snippet accompanying this announcement is available in this link.

    BOISE, Idaho, June 12, 2025 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced the integration of its HBM3E 36GB 12-high offering into the upcoming AMD Instinct™ MI350 Series solutions. This collaboration highlights the critical role of power efficiency and performance in training large AI models, delivering high-throughput inference and handling complex HPC workloads such as data processing and computational modeling. Furthermore, it represents another significant milestone in HBM industry leadership for Micron, showcasing its robust execution and the value of its strong customer relationships.

    Micron HBM3E 36GB 12-high solution brings industry-leading memory technology to AMD Instinct™ MI350 Series GPU platforms, providing outstanding bandwidth and lower power consumption.1 The AMD Instinct MI350 Series GPU platforms, built on AMD advanced CDNA 4 architecture, integrate 288GB of high-bandwidth HBM3E memory capacity, delivering up to 8 TB/s bandwidth for exceptional throughput. This immense memory capacity allows Instinct MI350 series GPUs to efficiently support AI models with up to 520 billion parameters—on a single GPU. In a full platform configuration, Instinct MI350 Series GPUs offers up to 2.3TB of HBM3E memory and achieves peak theoretical performance of up to 161 PFLOPS at FP4 precision, with leadership energy efficiency and scalability for high-density AI workloads. This tightly integrated architecture, combined with Micron’s power-efficient HBM3E, enables exceptional throughput for large language model training, inference and scientific simulation tasks—empowering data centers to scale seamlessly while maximizing compute performance per watt. This joint effort between Micron and AMD has enabled faster time to market for AI solutions.

    “Our close working relationship and joint engineering efforts with AMD optimize compatibility of the Micron HBM3E 36GB 12-high product with the Instinct MI350 Series GPUs and platforms. Micron’s HBM3E industry leadership and technology innovations provide improved TCO benefits to end customers with high performance for demanding AI systems,” said Praveen Vaidyanathan, vice president and general manager of Cloud Memory Products at Micron.

    “The Micron HBM3E 36GB 12-high product is instrumental in unlocking the performance and energy efficiency of AMD Instinct™ MI350 Series accelerators,” said Josh Friedrich, corporate vice president of AMD Instinct Product Engineering at AMD. “Our continued collaboration with Micron advances low-power, high-bandwidth memory that helps customers train larger AI models, speed inference and tackle complex HPC workloads.”

    Micron HBM3E 36GB 12-high product is now qualified on multiple leading AI platforms. For more information on Micron’s HBM product portfolio, visit: High-bandwidth memory | Micron Technology Inc.

    Additional Resources:

    About Micron Technology, Inc.

    Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

    © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

    Micron Product and Technology Communications Contact:
    Mengxi Liu Evensen
    +1 (408) 444-2276
    productandtechnology@micron.com

    Micron Investor Relations Contact
    Satya Kumar
    +1 (408) 450-6199
    satyakumar@micron.com

    ____________________________
    1
    Data rate testing estimates are based on shmoo plot of pin speed performed in a manufacturing test environment. Power and performance estimates are based on simulation results of workload uses cases.

    The MIL Network

  • MIL-OSI USA: LEADER JEFFRIES: “HOUSE REPUBLICANS WILL CONTINUE TO BEHAVE LIKE NOTHING MORE THAN A RECKLESS RUBBER STAMP FOR DONALD TRUMP’S EXTREME AGENDA”

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Today, House Democratic Leader Hakeem Jeffries held a press conference where he emphasized that Democrats will continue to push back on the extremism being unleashed by House Republicans and the out-of-control Trump administration that is hurting American communities and our national security. 

    LEADER JEFFRIES: From the very beginning of this Congress, House Democrats have made clear that we will work with anyone in this town who is interested in making life better for the American people. House Democrats believe that America is too expensive. We’re committed to lowering housing costs, childcare costs, grocery costs, insurance costs and utility costs. There are far too many people in the United States of America who are struggling to live paycheck to paycheck. That should not happen in the wealthiest country in the history of the world.

    Republicans and Donald Trump spent all of last year promising to lower the high cost of living. They haven’t done a damn thing to do it. Not a single thing. Trump promised that costs in America would go down on day one. Costs aren’t going down, they’re going up. Inflation is on the way up. Our credit rating as a country has been downgraded. The bond markets are having an adverse reaction to Trump’s presidency. The Trump tariffs are going to increase costs on everyday Americans by thousands of dollars a year. Donald Trump and House Republicans are crashing the American economy and are driving us toward a recession.

    Yet House Republicans, later on this afternoon, are going to put forward a reckless rescissions package. It’s going to undermine America’s national security, hurt our ability to protect the American people in terms of their health, their safety and their well-being, including by going after a George W. Bush bipartisan initiative that has saved thousands, actually, hundreds of thousands, actually, millions of lives across the world by combating the HIV and AIDS crisis. And yet Republicans want to rip billions of dollars away from America’s efforts to keep her people safe and secure to satisfy some extreme ideological crusade related to a deeply unpopular effort formerly led by Elon Musk to devastate the American way of life.

    And in all likelihood, every single House Republican, despite the claims that there’s some anxiety, will cave to Donald Trump and vote for the reckless Republican rescissions package. House Republicans aren’t interested in functioning like a separate and co-equal branch of government and holding the Trump administration accountable for its extremism. House Republicans will continue to behave like nothing more than a reckless Rubber Stamp for Donald Trump’s extreme agenda just like they did yesterday. And they’ll do the same thing today in voting to cut programs that are important when it comes to protecting the health, the safety, the national security and the economic well-being of the American people.

    Full press conference can be watched here.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Chairman Carter Delivers Opening Statement at Subcommittee on Health Hearing on Strengthening Domestic Manufacturing and Our Health Care Supply Chain

    Source: United States House of Representatives – Congressman Earl L Buddy Carter (GA-01)

    Headline: Chairman Carter Delivers Opening Statement at Subcommittee on Health Hearing on Strengthening Domestic Manufacturing and Our Health Care Supply Chain

     WASHINGTON, D.C. – Rep. Earl L. “Buddy” Carter (R-GA), Chairman of the Subcommittee on Health, delivered the following opening statement at today’s hearing titled Made In America: Strengthening Domestic Manufacturing And The Health Care Supply Chain.

    Subcommittee Chairman Carter’s opening statement as prepared for delivery:

    “Today’s hearing is critical in addressing our nation’s reliance on adversarial countries for essential medications and health care products. This dependence not only jeopardizes our national security and patient safety, but also highlights the urgent need to increase domestic and friend-shored manufacturing.

    “Let me be clear: The United States should never be dependent on the Chinese Communist Party for the antibiotics and essential medicines. But that’s exactly the dangerous position we are in today.

    “In 2002, the United States manufactured 72 percent of the pharmaceuticals it consumed. By 2023, that number had dropped to just 37.5 percent. We didn’t just outsource manufacturing—we outsourced the sovereignty and safety of our health care system.

    “We saw the impacts of this reliance firsthand during the COVID-19 pandemic. According to a conversation I had with the Administration for Strategic Preparedness and Response, or ASPR, under the Trump Administration, the United States saw a downtick in the amount of PPE and pharmaceuticals coming to our country from China in the fall of 2019. We didn’t learn about COVID-19 until January 2020.

    “China knew there was an unidentified sickness in its own country, concealed it, and then withheld medical supplies so the United States was less prepared when COVID-19 hit our shores.

    “As both a pharmacist and a member of Congress, I know how critical these medicines and supplies are — especially for our national security. Under the Biden-Harris Administration, over 323 drugs were in shortage during the first quarter of 2024 – an all-time high – and cancer patients were often forced to switch treatments, adjust dosage regimens, or, in extreme cases, unable to receive their lifesaving medications. There was no comprehensive effort to support American manufacturers or reduce our reliance on foreign supply chains.

    “That is unacceptable.

    “Thankfully, President Trump is taking meaningful action by demanding real investment in our domestic production base and putting an end to decades of failed ‘America Last’ policies that left our supply chains hollowed out and put our patients, constituents, and families at risk.

    “Under the leadership of President Trump, we are bringing manufacturing back to America. Since the start of this year – the start of President Trump’s second term – Johnson & Johnson broke ground on a new $2 billion facility in North Carolina, Amgen announced a $900 million manufacturing expansion in Ohio, AbbVie committed $10 billion to invest in the United States, and Sanofi announced plans to invest at least $20 billion. 

    “And these are just a few examples. This is just the start. 

    “I look forward to hearing from my other colleagues about the recent investments in their districts and states during this hearing today, and I am thrilled to see what additional investments continue to flow and thrive under an Administration focused on unleashing innovation and bringing capacities back home. 

    “Along those lines, I commend recent efforts by this Administration to bolster domestic production, but we must do our part in Congress as well. This hearing will make it clear that more can be done to eliminate burdensome regulatory barriers, streamline processes that impede our competitiveness on the global stage, and establish the proper incentives to ensure we are creating the environment to allow innovation to flourish. 

    “It is no coincidence that Georgia – the No. 1 state in the nation to do business – is home to Manus Bio, who has invested nearly $60 million and created over 100 jobs with the acquisition of a new manufacturing facility in Augusta. We need more policies at the federal level that mirror the pro-growth examples we have in the state of Georgia. 

    “That is why House Republicans passed the One Big Beautiful Bill Act, which incentivizes domestic medical supply production by rewarding companies that build their products in America, like USAntibiotics, who is the last remaining end-to-end domestic U.S. manufacturer of amoxicillin, the most prescribed antibiotic in the country. 

    “This is about protecting American lives, empowering American workers, restoring American sovereignty, and reinforcing U.S. leadership in medical innovation.

    “China is not our friend. Every product component that then turns into a vial of medicine or a piece of medical equipment that is made in China is a missed opportunity to strengthen our economy and protect our people.

    “It is time to act. We need to view pharmaceutical and health care supply chain independence just as we are viewing energy independence. I am proud to stand with President Trump and all those committed to putting America First in our health care system—starting with the medicines we rely on every day.”

    MIL OSI USA News

  • MIL-OSI USA: Governor Polis Leads International Education Discussion in Vancouver

    Source: US State of Colorado

    Vancouver – National Governors Association (NGA) Chair Colorado Governor Jared Polis convened international education leaders in Canada for the latest in a series of bipartisan events in support of the NGA Chair’s Initiative, Let’s Get Ready: Educating All Americans for Success. 

    The Vancouver event featured discussions with education leaders from Canada, Singapore and the United States to explore international perspectives on education solutions to address achievement gaps and prepare students for career success in the global economy. 

    “Governors are working together to update our education systems to make sure every student is ready for the careers of today and tomorrow,” said Governor Polis. “Small adjustments on the margins aren’t enough to keep pace with the technological changes upending the job market. To give our kids the best chance to succeed, we need to think beyond the status quo to transform schools. Through the Let’s Get Ready initiative, governors are working with parents and educators not just to find new answers but to ask new questions. Collaborating with international counterparts in Canada and Singapore this week is a valuable opportunity to get a fresh perspective and learn how other nations are finding success in tackling the same challenges.” 

    Participants included: 

    • Wendi Campbell, CEO, Junior Achievement British Columbia
    • Zoe Weintraub Barrett, Vice President of Workforce and Strategic Partnerships, Guild
    • Dr. Brad Baker, Superintendent of Indigenous Education, Ministry of Education and Child Care, British Columbia
    • Sxwíxwtn Wilson Williams, General Councillor and Spokesperson for Squamish Nation Richard Reeves, President, American Institute for Boys and Men Professor
    • Tan Oon Seng, Dean of Special Projects and Centre Director, Singapore Centre for Character and Citizenship Education at the National Institute
    • Dr. Vicki Phillips, CEO, National Center on Education and the Economy
    • Dr. Timothy Knowles, President, Carnegie Foundation for the Advancement of Teaching Launched in July, 

    Let’s Get Ready is a yearlong initiative designed to support the nation’s governors in driving innovative education policies that better evaluate outcomes for state investments in education and improve outcomes for learners at all stages of their education journey while also preparing students to meet the future needs of the workforce. 

    Previous convenings were held in Salt Lake City, Denver, Las Vegas, New York City and Washington, D.C. Governor Polis will release a roadmap of initiative findings this summer, during NGA’s Summer Meeting in Colorado Springs, July 24-25. Learn more about the Let’s Get Ready initiative on NGA’s website. 

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    MIL OSI USA News

  • MIL-OSI USA: Reps. Gomez and DelBene Continue Their Fight to Expand Affordable Housing for Extremely Low-Income Households

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

    WASHINGTON, DC –Today, Representatives Jimmy Gomez (CA-34) — Chair of the Congressional Renters Caucus — and Suzan DelBene (WA-01) reintroduced their Affordable Housing Equity Act of 2025, legislation that would strengthen the Low-Income Housing Tax Credit (LIHTC) by providing a targeted basis boost for housing developments that serve extremely low-income (ELI) households.

    “We’re in a housing crisis, and the families hit hardest are the ones with the fewest options,” said Rep. Gomez. “This bill delivers targeted help to the lowest-income renters by supercharging the most effective affordable housing tool we have. It’s a smart, urgent step to tackle housing affordability and build equity from the ground up.”

    “Too many families are being priced out of their communities and left without stable housing,” said Rep. DelBene. “The Affordable Housing Equity Act strengthens one of our most effective affordable housing production tools, the Low-Income Housing Tax Credit, to better serve the families most in need. This legislation ensures that these households aren’t left behind in the fight for more affordable housing.” 

    The Affordable Housing Equity Act of 2025 amends the Internal Revenue Code of 1986 to increase the eligible basis by up to 50% for residential units designated for households earning no more than 30% of area median income (AMI) or 100% of the federal poverty line, whichever is greater. Housing initiatives must set aside at least 20% of units for ELI renters and be designated by the housing credit agency as needing the boost for financial feasibility.

    The Low-Income Housing Tax Credit (LIHTC) is the federal government’s primary tool to encourage the construction and rehabilitation of rental units that families can afford. While existing law allows for a 30% boost in certain areas, those provisions don’t consistently support developments serving extremely low-income renters. The Affordable Housing Equity Act of 2025 closes that gap by creating a national standard tailored to ELI households. The bill applies to new housing credit allocations made after the date of enactment and to tax-exempt bond-financed projects issued after December 31, 2025.

    You can read the full bill text HERE.

    MIL OSI USA News

  • MIL-OSI USA: Governor Stein Announces JetZero Selects North Carolina for $4 Billion Airplane Manufacturing Hub, Creating 14,500 Jobs in Guilford County in Largest Job Commitment in State History

    Source: US State of North Carolina

    Headline: Governor Stein Announces JetZero Selects North Carolina for $4 Billion Airplane Manufacturing Hub, Creating 14,500 Jobs in Guilford County in Largest Job Commitment in State History

    Governor Stein Announces JetZero Selects North Carolina for $4 Billion Airplane Manufacturing Hub, Creating 14,500 Jobs in Guilford County in Largest Job Commitment in State History
    lsaito

    Raleigh, NC

    Today Governor Josh Stein announced JetZero, Inc., a breakthrough aviation company, will invest more than $4.7 billion in Greensboro to build its first commercial airplane manufacturing facility at the Piedmont Triad International Airport. The project will create more than 14,560 jobs for Guilford County by 2063, the largest economic development project in North Carolina history based on job commitment.

     

    “I am thrilled to welcome JetZero and its 14,000 good-paying jobs and unprecedented innovation to Guilford County,” said Governor Josh Stein. “From first in flight to now the future of flight, North Carolina and our skilled workforce is soaring.”

     

    JetZero is a start-up airplane designer and manufacturer of the Z4, a blended-wing body jet, which blends the wings and fuselage, enabling the entire wingspan to produce lift. Founded in 2020, the California-based company has partnerships with NASA, Siemens, United Airlines, Alaska Airlines, and suppliers including RTX and BAE Systems. JetZero will build an advanced manufacturing facility for a first-of-its-kind commercial all-wing jet, as well as a state-of-the-art research and development center for composite structures. Its unique design uses technological advancements to help lower carbon emissions, burn less fuel, and enhance the experience of its travelers. 

      

    “North Carolina offers the ideal combination of talent, infrastructure, and forward-thinking leadership to support our mission to reshape aviation,” said Tom O’Leary, CEO and co-Founder of JetZero. “This facility is a critical milestone in bringing our all-wing Z4 to market. I applaud the leadership of Governor Josh Stein and his team as well as the leadership of the North Carolina General Assembly, and whole host of local leaders and organizations for working with us to bring JetZero to North Carolina, the birthplace of aviation.”

     

    “With an internationally recognized aerospace cluster of more than 400 companies and major aviation hubs across the state, North Carolina is a top choice for manufacturers and suppliers,” said N.C. Commerce Secretary Lee Lilley. “JetZero will benefit from our Tier 1 research institutions and community colleges, ecosystem of industry partnerships, and strong infrastructure, helping them soar in North Carolina and beyond.”

     

    New jobs for the company include engineers, manufacturing specialists, and technicians. While salaries for the positions will vary, the average annual salary is expected to be $89,340, which exceeds the Guilford County average of $60,195. These new jobs could create a potential annual payroll impact of more than $1.3 billion for the region.

     

    JetZero’s operation in North Carolina will be facilitated, in part, by a Transformative-class Job Development Investment Grant (JDIG) awarded to JetZero, Inc., which was approved by the state’s Economic Investment Committee earlier today. Over the course of the 37-year term of this grant, the project is estimated to grow the state’s economy by $259.4 billion. Using a formula that takes into account the new tax revenues generated by the 14,564 new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $1,017,775,800, spread over 37 years. 

     

    Should JetZero create and maintain at least 10,000 jobs, the threshold for the JDIG’s transformative qualities will be reached, which allows for grant payments to be made for up to 29 years as long as performance targets are maintained.

     

    Like all grants from the JDIG program, any state payments only occur following performance verification each year by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

     

    The project’s projected return on investment of public dollars is 274 percent, meaning for every dollar of potential cost to the state, the state receives $3.74 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

     

    Because JetZero chose a site in Guilford County, classified by the state’s economic tier system as Tier 2, the company’s JDIG agreement also calls for moving as much as $113 million into the state’s Industrial Development Fund – Utility Account.  The Utility Account helps rural communities anywhere in the state finance necessary infrastructure upgrades to attract future business.

     

    The state also anticipates providing additional support of publicly owned infrastructure to the project by means of a state appropriation of as much as $450 million, to cover site preparations; road, water, and wastewater improvements, as well as the construction of the manufacturing and research and development facility. The funding will be administered by the N.C. Department of Commerce and provided to Piedmont Triad International Airport, the N.C. Department of Transportation, and the City of Greensboro.

     

    “JetZero’s decision to come to the Triad solidifies North Carolina’s status as a leader in aerospace innovation,” said Senator Phil Berger, President Pro Tempore of the North Carolina Senate. “Our state’s high-tech manufacturing renaissance wouldn’t be possible without the General Assembly’s commitment to creating a business-friendly environment by lowering taxes, cutting red tape, and supporting world-class educational opportunities.”  

     

    “With 14,000 new jobs and nearly $5 billion dollars in investment, this project represents a transformational step forward for Guilford County and North Carolina,” said Senator Sydney Batch, Senate Democratic Leader. “Projects like this create a ripple effect that strengthens our entire state by supporting families, growing local economies, and creating more promising futures for everyone. I’m so grateful for the hard work Governor Stein, Secretary Lilley, and the Commerce Department put in to bring this across the finish line.”

     

    “Today’s announcement is a huge win for Greensboro, Guilford County, and our entire state,” said Speaker of the House Destin Hall. “JetZero’s decision to build its cutting-edge aerospace facility here proves what we’ve long known — North Carolina’s strong business environment makes our state ripe for innovation. This $4.7 billion investment and the creation of over 14,000 high-paying jobs will be a generational boost for our workforce and our future.”  

     

    “I am proud to see JetZero choose the Triad as the site of their new facility,” said Representative Robert Reives, House Democratic Leader. “Our state has some of the brightest talent in the world who are up to this challenge. We will continue to attract these investments and cement our state’s status as the place for aerospace manufacturing in the nation and world.”

     

    “This announcement is a transformative win for Guilford County and the entire state of North Carolina,” said Senator Michael Garrett. “The magnitude of this investment is a vote of confidence in our world-class workforce to fill these great-paying jobs, and proof that our community is an ideal place for new companies and ideas to launch into a bright future.”  

     

    “Today is a celebration of the intentional efforts that we’re making to transition the Triad to an innovation economy,” said Representative John Blust. “This is an historic day for all of us, and we applaud the collaboration of elected officials, economic developers, and workforce professionals throughout the state that helped JetZero make their decision to call Greensboro and PTI home.”

    In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, the North Carolina Department of Transportation, the North Carolina Community College System, Guilford Tech Community College, Forsyth Tech Community College, the University of North Carolina System, North Carolina A&T State University, North Carolina State University, University of North Carolina at Charlotte, Golden LEAF Foundation, Duke Energy, Piedmont Natural Gas, Piedmont Triad Airport Authority, Piedmont Triad Partnership, Guilford County Economic Development Alliance, Guilford County, GuilfordWorks, Forsyth County, the Greensboro Chamber, High Point Economic Development Corporation, Greater Winston-Salem, Inc., City of Greensboro, City of High Point, and City of Winston-Salem.

    When career opportunities at JetZero become available, they will be posted to NCworks.gov, the state’s leader in connecting employers with skilled talent

    Jun 12, 2025

    MIL OSI USA News

  • MIL-OSI: Logent Group acquires HUB logistics Finland Oy and announces the intention to issue subsequent notes

    Source: GlobeNewswire (MIL-OSI)

    Logent Finland Bidco Oy, an indirect subsidiary of SSCP Lager BidCo AB (publ) (“Logent” or the “Company”) has entered into an agreement with the shareholders of the Finnish entity HUB logistics Finland Oy (“HUB logistics” or the “Target”) to acquire all the shares in the Target (the “Acquisition”). The closing of the Acquisition is expected to take effect on 23 June 2025 and is subject to customary conditions precedents.

    Logent has mandated Nordea Bank Abp and Pareto Securities AS as joint bookrunners to arrange credit investor meetings commencing on 13 June 2025 for the placement of subsequent senior secured notes under the terms and conditions of the Company’s outstanding notes loan 2023/2026 with ISIN SE0021021193 (the “Subsequent Notes Issue”). A capital markets transaction with an expected volume of SEK 200 million will follow. The Company has received binding subscription applications corresponding to the full amount of the Subsequent Notes Issue.

    The net proceeds from the Subsequent Notes Issue will be applied towards consummation of the Acquisition, financing transaction costs and general corporate purposes. Following the Subsequent Notes Issue, the aggregate outstanding nominal amount under the notes loan is expected be SEK 1,050 million.

    The Acquisition in brief and financial effects

    Joining forces in Finland will complement Logent’s and HUB logistics’ strengths, service offerings and enhance the value Logent can deliver to its customers in the Finnish market and in Northern Europe more broadly.

    After closing of the Acquisition, Logent is expected to generate rolling 12-month pro forma Net Sales of approximately SEK 2.7 billion and Adj. EBITDA (pre-IFRS 16) of approximately SEK 270 million, as of the first quarter of 2025. The incurrence testing date for the Subsequent Notes Issue will be 3 June, 2025, at which the Company reports a pro forma net debt position (incl. consummation of the Acquisition) of approximately SEK 1,010 million (pre-IFRS 16).

    Nordea Bank Abp and Pareto Securities AS are acting as Joint Bookrunners in connection with the Subsequent Notes Issue. Snellman Advokatbyrå AB acts as legal advisor to the Company and Gernandt & Danielsson Advokatbyrå KB acts as legal advisor to the Joint Bookrunners.

    For further information, please contact:

    Joel Engström, CEO, telephone number: +46 734 36 36 29, joel.engstrom@logent.se

    This information is of the type that SSCP Lager BidCo AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above, on 12-06-2025 at 20:12 CET/CEST.

    About Logent Group
    Logent is an independent logistics partner, with a Nordic base present in Northern Europe and global networks. We have a wide range of services and create value for our customers through guaranteed cost and quality improvements. Our service offer include Logistics Services such as Warehouse design and operations, Transport Management and Customs, Port and Terminal operations, Staffing Services and Consulting Services. This means that Logent has grown to a turnover of about SEK 2.4 billion from the start in 2006 and employs approximately 2,800 people in Northern Europe.

    Attachment

    The MIL Network

  • MIL-OSI USA: Lee Introduces the Open America’s Waters Act to Repeal Jones Act, Boost Coastal Trade

    US Senate News:

    Source: United States Senator for Utah Mike Lee
    WASHINGTON – U.S. Senator Mike Lee (R-UT) introduced the Open America’s Waters Act today to deregulate America’s coastal trade and alleviate the energy crisis by repealing the outdated Jones Act. Rep. Tom McClintock (R-CA) introduced a companion bill in the U.S. House of Representatives.
    “Outdated regulations from the Jones Act have deepened the energy crisis and heightened prices for Americans on goods from our own country,” said Senator Mike Lee. “American producers have been forced into dangerous workarounds like importing their energy resources from Russia. The Open America’s Waters Act will cut this 105-year-old red tape to alleviate the energy crisis, bring prices down for Americans, and protect our national security from adversarial nations.”
    “The Jones Act is outdated in a global economy. It enriches a very small special interest at the expense of every consumer in America,” said Rep. McClintock. “Repealing this restrictive and counterproductive law is vital for the new golden age that President Trump has envisioned.” 
    Background:
    The Open America’s Waters Act would repeal the Jones Act, an outdated and particularly demanding regulation on America’s coastal trade. The Jones Act requires all goods transported by water between U.S. ports to be carried on a vessel that was constructed and registered in the U.S., and is both owned and primarily crewed by U.S. citizens. 
    While these requirements were originally touted in 1920 as necessary for America’s national security, they have actually endangered it by severely limiting access to critical energy sources and incentivizing American companies to contract with adversarial nations in their efforts to comply with its stipulations. Additionally, the elevated costs associated with compliance result in higher prices for Americans on goods produced in their own country.
    Attempts to comply with the Jones Act have forced American producers to choose expensive and even politically risky transportation options. For example, cattle ranchers in Hawaii have opted for expensive planes rather than boats to transport cattle to the mainland. Puerto Rico imports jet fuel from Venezuela – benefitting the human rights-violating Maduro regime – rather than nearby Gulf Coast refineries. And because there are no compliant specialty carriers capable of transporting LNG or propane gas, Massachusetts and Puerto Rico have had to import LNG from adversarial Russia.
    The Open America’s Waters Act would repeal the outdated Jones Act regulations to cut red tape for American producers, improve national security by disincentivizing contracts with adversarial nations, and bring down prices for American consumers.
    The Open America’s Waters Act would:
    Repeal the 105-year-old Jones Act regulations requiring all goods transported by water between U.S. ports to be carried on a vessel: (1) Constructed in the U.S., (2) Registered in the U.S., (3) Owned by U.S. Citizens, and (4) Primarily crewed by U.S. citizens.
    Read the full text of the legislation here.

    MIL OSI USA News

  • MIL-OSI USA: Lummis Introduces AI Legislation to Foster Development & Strengthen Professional Responsibility

    US Senate News:

    Source: United States Senator for Wyoming Cynthia Lummis

    June 12, 2025

    Washington, D.C.— Senator Cynthia Lummis (R-WY) today introduced the Responsible Innovation and Safe Expertise (RISE) Act of 2025, clarifying that when professionals—such as physicians, attorneys, engineers, and financial advisors—use AI systems in their practice, they retain the legal duty to exercise due diligence, verify the system’s outputs, and stand behind the advice they deliver.

    “Wyoming values both innovation and accountability; the RISE Act creates predictable standards that encourage safer AI development while preserving professional autonomy,” said Lummis. “This legislation doesn’t create blanket immunity for AI – in fact, it requires AI developers to publicly disclose model specifications so professionals can make informed decisions about the AI tools they choose to utilize. It also means that licensed professionals are ultimately responsible for the advice and decisions they make. This is smart policy for the digital age that protects innovation, demands transparency, and puts professionals and their clients first.”

    Background: 

    • This is the first targeted liability reform legislation for professional-grade AI.
    • AI is transforming professional industries including medicine, law, engineering, and finance, with these tools increasingly being utilized in critical decision-making processes that impact millions of Americans.
    • Current liability rules create barriers to innovation by exposing AI developers to legal risk, even when their tools are used responsibly by trained, licensed professionals in their areas of expertise.
    • Developers face a patchwork of state-by-state liability standards, creating legal uncertainty that discourages investment in professional-grade AI.
    • Developers may claim safe-harbor immunity only if they publicly release a model card and key design specifications so that physicians, attorneys, engineers, and other professionals can understand what the AI can and cannot do before relying on it for decisions that affect millions of Americans.

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: Senator Graham: Russia Sanctions Bill Aims to Change Putin’s Calculus, Protect World Order

    US Senate News:

    Source: United States Senator for South Carolina Lindsey Graham

    Russia sanctions bill aims to change Putin’s calculus, protect world order

    By Senator Lindsey Graham

    Fox News

    June 12, 2025

    https://www.foxnews.com/opinion/sen-lindsey-graham-russia-sanctions-bill-aims-change-putins-calculus-protect-world-order

    President Donald Trump is making an earnest and sincere effort to secure a ceasefire and an eventual just and honorable end to the Russia-Ukraine war.

    He and his team have engaged Russia’s Vladimir Putin in order to find that pathway forward, but it is clear the only pathway Putin is interested in is military operations in Ukraine and eventually, beyond.

    As a result, the coming days will be extremely consequential for the Kremlin and those who are propping up Putin’s war machine. Additional action from both Europe and the United States is inevitable.

    The Russia-Ukraine war has garnered global attention, not only because of its barbaric nature but also the consequences to world order.

    We have been working with the White House since day one in drafting this package. We now have over 84 Senate cosponsors and 70 House cosponsors of legislation to enact hard-hitting sanctions and tariffs on Russia and its financial backers.

    It is clear to me and virtually every sponsor of the Russia sanctions bill that the way we deal with Putin will either encourage or deter bad actors.

    The purpose of this legislation is to break the cycle of China — a communist dictatorship — buying oil below market price from Putin’s Russia, which empowers his war machine to kill innocent Ukrainian civilians.

    This bill would end that cycle.

    China is watching the United States’ resolve regarding Putin’s effort to dismember Ukraine and possibly other sovereign nations. It is not my goal to humiliate Russia, but it is my goal to make sure that China sees the outcome of this conflict and feels that its efforts to take Taiwan by force would not be in the People’s Republic’s best interest.

    It is also very important that we let Iran and other aggressive nation states know that the price for disrupting world order, seizing other nation’s land and trying to dominate their neighbors is not worth it.

    I have been incredibly impressed with Europe’s recent resolve, both in toughening sanctions and investing in their military. Europe is answering President Trump’s call to increase defense spending to 5% of their gross domestic product.

    As a result of Putin’s invasion of Ukraine, NATO is bigger and tougher than ever. However, it is important that we continue to act decisively to end this war not only soon, but in the right way.

    Unfortunately, the more we engage Putin, the more aggressive he gets. It’s time to change the game.

    New European sanctions on Russia’s energy and banking sectors were released this week, and they are more hard-hitting than ever. This package also singles out Chinese business entities for their financial support of the war and recommends lowering the price that Europe pays for Russian oil from $60 to $45 per barrel, in order to drive down Russian revenues that allow Putin’s bloodbath to continue.

    As to the Russia sanctions bill in the U.S. Congress, overwhelming support continues to build. Our goal is to give President Trump more leverage to end this war quickly.

    This bicameral, bipartisan bill is simple – and we’ve made some important changes.

    1. If a country doesn’t do business with Russia, the sanctions and tariffs don’t apply.
    2. If a country does business with Russia, but they also help Ukraine militarily and economically, there’s a 270-day exception on sanctions and tariffs being imposed. There will be additional waivers as well, including a presidential waiver for sanctions and other measures that mirrors language used in the Countering America’s Adversaries Through Sanctions Act (CAATSA) signed into law by President Trump in 2017.
    3. If a country buys cheap Russian oil and gas and other products and doesn’t help Ukraine, they are screwed. That is the price for propping up Putin’s war machine.

    The United States and our allies have paid a price in the past to maintain freedom and order, and we shall again.

    Republican Lindsey Graham represents South Carolina in the United States Senate.

    MIL OSI USA News

  • MIL-OSI USA: Warren, Stansbury Press Trump on Musk’s and DOGE’s Failures, Offer Recommendations to Cut Waste, Lower Costs Without Hurting Middle-Class Americans

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    June 12, 2025

    Lawmakers’ recommendations would save U.S. government more than $2 trillion over next decade while making everyday Americans better off; provide stark contrast to Republican bill that would cut health coverage for millions

    “Mr. Musk’s efforts at DOGE were never truly about cutting waste….DOGE pushed reckless policies that gutted essential services and ousted experienced civil servants, all while reducing oversight and increasing profits for Mr. Musk’s companies.”

    Text of Letter (PDF)

    Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.) and Representative Melanie Stansbury (D-N.M.), Ranking Member of the House Subcommittee for Delivering on Government Efficiency, wrote to President Donald Trump, pressing him on Elon Musk’s and the Department of Government Efficiency (DOGE)’s failures to cut government waste and lower costs. The lawmakers laid out a set of recommendations that would, in stark contrast to Republican proposals, eliminate $2 trillion in wasteful government spending without slashing critical government programs and causing economic chaos.

    The letter follows a public feud between Trump and Musk, which began shortly after Musk’s departure from the White House. It also comes as Republicans jam through Trump’s “Big Beautiful Bill,” which includes multi-trillion-dollar tax cuts for the rich, paid for by massive cuts to Americans’ health care coverage.

    “It is time to eliminate the real waste, fraud, and abuse in government spending, rather than ravaging programs that keep Americans safe, secure, and healthy just to pay for tax cuts for billionaires and large corporations,” wrote the lawmakers. “You should learn from Elon Musk and DOGE’s mistakes, end your attacks on critical federal programs, and instead act on these recommendations.”

    The lawmakers highlighted DOGE’s failure to identify and eliminate waste, fraud, and abuse — instead, Musk’s approach increased costs and suffering for Americans. DOGE’s “wall of receipts” included significant errors and misinformation. Musk’s efforts to gut up to 10% of the federal workforce were found to have created “exponentially larger waste.” When DOGE did make cuts to the federal budget, they seemingly ran afoul of the law.

    “In a futile search for fraud in the wrong places, and an ill-informed effort to slash the federal workforce, DOGE has imposed more costs on American taxpayers than it has saved, all while helping Elon Musk’s business empire and DOGE employees’ pockets,” wrote the lawmakers.

    As an alternative to DOGE’s failures, the lawmakers offered recommendations to reduce wasteful government spending, eliminate unfair loopholes and giveaways to the wealthiest Americans, make the government more efficient and effective, and save taxpayers at least $2 trillion over the next decade.

    “Although Mr. Musk and DOGE have failed at achieving their purported savings goals, you could choose to end this government waste while avoiding dangerous cuts to important federal programs,” wrote the lawmakers.

    The lawmakers’ recommendations include: cracking down on healthcare profiteering, negotiating better contracts for the Department of Defense, saving on education programs, cutting waste and abuse in the federal tax code, keeping the federal government’s cloud and other IT markets competitive, and reducing waste in unnecessary federal arrests and detention programs.

    “Our recommendations would save the U.S. government more than $2 trillion over the next decade. Meanwhile, your tax cuts for the ultra-wealthy would cost U.S. taxpayers $4 trillion over the same period,” concluded the lawmakers. “It is time to eliminate the real waste, fraud, and abuse in government spending, rather than ravaging programs that keep Americans safe, secure, and healthy just to pay for tax cuts for billionaires and large corporations.”

    In April, Senator Warren and Representative Stansbury introduced the SGE Ethics Enforcement & Reform (SEER) Act, a bill to strengthen transparency and ethics requirements for Special Government Employees (SGEs). The bill would have reined in Elon Musk while he was in the SGE role by restricting certain SGEs from officially communicating with agencies and offices that regulate or contract with large companies owned by the SGE.

    To mark 130 days of Elon Musk’s government service as an SGE, Senator Warren recently published a report detailing 130 acts of Musk’s corruption. While serving as an SGE and leading DOGE, Musk maintained extensive financial conflicts of interest through his ownership of or stake in several private and publicly traded companies including Tesla, SpaceX, X and xAI, the Boring Company, and Neuralink.

    Senator Warren first wrote to Musk in January with 30 proposals that would cut at least $2 trillion of wasteful government spending over the next decade. She has identified numerous instances of waste, fraud, and abuse in government during her twelve years in Congress and repeatedly called out unsustainable spending, abusive practices and programs, and government contractors that line their pockets at taxpayers’ expense.

    MIL OSI USA News

  • MIL-OSI Canada: Minister Champagne meets with provincial and territorial Finance Ministers

    Source: Government of Canada News

    June 11, 2025 – Ottawa, ON

    The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, convened a virtual meeting with provincial and territorial Finance Ministers to advance shared priorities and strengthen Canada’s economic resilience.

    The Minister opened the discussion with an update on Canada–U.S. relations, emphasizing the federal government’s determination to remove unjustified U.S. tariffs still in force on many Canadian products. He reaffirmed Canada’s commitment to establishing a renewed economic and security relationship with the United States while strengthening collaboration with reliable trading partners from around the world.

    Minister Champagne highlighted Canada’s leadership on the international stage, notably through its chairing of the recent meeting of G7 Finance Ministers and Central Bank Governors, which laid the groundwork for next week’s Leaders’ Summit in Kananaskis, Alberta. G7 discussions focused on tackling global economic uncertainty, combatting financial crimes, harnessing the potential of digital transformation, and promoting growth and productivity.

    In line with the federal government’s nation-building agenda, the Minister welcomed the growing momentum among provinces and territories to reduce internal trade barriers and unlock the full potential of the Canadian economy. He reiterated the government’s commitment, reflected in Bill C-5, the One Canadian Economy Act, aimed at eliminating federal barriers to trade and labour mobility and accelerating transformative projects of national interest.

    The Minister also provided updates on key legislative initiatives that will deliver real results for Canadians. This includes Bill C-4, which proposes a middle class tax cut for nearly 22 million Canadians and removes the Goods and Services Tax for first-time buyers purchasing new homes up to $1 million, and Bill C-2, which strengthens border security to keep communities safe.

    Canada’s Finance Ministers also agreed to remain in close contact in the weeks ahead and keep driving momentum to build the strongest economy of the G7.

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  • MIL-OSI: DarkPulse, Inc. Contracts Kraken International Security Solutions LLC as Part of its Border and Perimeter Security Initiatives

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — DarkPulse, Inc. (OTC Pink: DPLS) (“DarkPulse”, “DPLS”, or “the Company”) today announced the signing of a contract for services with Kraken International Security Solutions and its founder Boone Smith, a former Executive Director at U.S. Customs and Border Protection. Boone’s more than 24 years of dedicated service with the Department of Homeland Security, Customs and Border Protection, and the U.S. Border Patrol—where he held numerous leadership roles across national and border security efforts—adds to the Company’s team of local, state and federal border experts focused on national border and perimeter security technology deployment opportunities.

    “Kraken’s team, including Boone Smith, the company’s founder, brings a wealth of border security expertise that will assist DarkPulse with its endeavor to deploy its sensor systems along national borders,” said Dennis O’Leary, DarkPulse founder and CEO. He continued, “I personally look forward to working with Boone and the rest of his team.”

    Mr. Smith stated, “As the founder of Kraken International Security Solutions LLC, I am excited to partner with DarkPulse Inc. in this important effort to enhance our nation’s border security. DarkPulse’s innovative sensing technology will play a crucial role in providing real-time surveillance and threat detection and helping to secure America’s borders more effectively. We look forward to working together to create a safer future for all Americans.”

    About DarkPulse, Inc.

    DarkPulse, Inc. uses advanced laser-based monitoring systems to provide rapid and accurate monitoring of temperatures, strains, and stresses. The Company’s technology excels when applied to live, dynamic critical infrastructure and structural monitoring, including pipeline monitoring, perimeter and structural surveillance, aircraft structural components and mining safety. The Company’s fiber-based monitoring systems can assist markets that are not currently served, and its unique technology covers extended areas and any event that is translated into the detection of a change in strain or temperature. In addition to the Company’s ongoing efforts with respect to the marketing and sales of its technology products and services to its customers, the Company also continues to explore potential strategic alliances through joint venture and licensing opportunities to further expand its global market position. For more information, visit www.DarkPulse.com

    About Kraken International Security Solutions LLC.

    Founded in 2024 by Mr. Boone Smith, Kraken International Security Solutions LLC draws on decades of expertise in homeland security, border enforcement, and strategic security initiatives. Boone’s more than 24 years of dedicated service with the Department of Homeland Security, Customs and Border Protection, and the U.S. Border Patrol—where he held numerous leadership roles across national and border security arenas—guides the company’s commitment to delivering innovative, effective security solutions and operational excellence. His comprehensive experience at various levels of government service enables Kraken to understand and address complex security challenges leveraging a proven combination of skilled personnel, established relationships, advanced technology, and infrastructure positioning Kraken to focus on strengthening security at domestic borders and beyond. Boone’s deep government background allows the firm to develop collaborative, beneficial solutions across all sectors of homeland security, improving response and resilience. With a focus on operational effectiveness, Kraken is dedicated to safeguarding critical assets and enhancing national security through innovative strategies and proven expertise.

    Safe Harbor Statement

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans, and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether because of new information, future developments or otherwise.

    Contact info:
    PR@Darkpulse.com
    800-436-1436

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