Category: Economy

  • MIL-OSI United Kingdom: Tenfold increase in UK drone deliveries for Ukraine at 50-nation Ukraine summit

    Source: United Kingdom – Executive Government & Departments

    Press release

    Tenfold increase in UK drone deliveries for Ukraine at 50-nation Ukraine summit

    The UK is investing a record £350m this year to increase the supply of drones to Ukraine from a target of 10,000 in 2024 to 100,000 in 2025

    The UK is ramping up its support for Ukraine with a target to achieve a tenfold increase in production and procurement of drones to deliver to Ukraine this year.

    With more than 10,000 drones delivered to Ukraine last year by the UK, tens of thousands more have already been delivered towards an ambitious new target of 100,000 drones for the current financial year. The record £350m investment in drones for Ukraine is part of the UK’s £4.5bn military support this year.

    As Ukraine’s Armed Forces have demonstrated the effectiveness of drone warfare in defending against Putin’s illegal invasion, the UK has been doubling down on investment in drones with British defence companies, including small to medium sized enterprises, supporting the UK economy and jobs, as part of the government’s Plan for Change.

    Convening a meeting of the Ukraine Defence Contact Group (UDCG) with his German counterpart, the Defence Secretary will also announce that the UK will spend a further £247m this year on training the Armed Forces of Ukraine, supporting its highly successful programme of training for Ukrainian recruits on British soil, Operation Interflex, which has provided more than 55,000 Ukrainian recruits with basic combat training since 2022 – with contributions from 13 partner nations.

    Ukrainian units have confirmed that UK-provided drones have helped stabilise parts of the frontline by driving back Russian attacks and protecting Ukrainian lives, and Defence Intelligence has confirmed that drones currently kill more people than artillery on the frontline in Ukraine.

    As well as this, the Defence Secretary will confirm the completed delivery of 140,000 artillery munitions by the UK for Ukraine since the start of 2025, in a vital boost for Ukraine’s frontline troops.

    As part of the Strategic Defence Review – published on Monday – the government announced more than £4bn for autonomous systems and drones for the UK Armed Forces, to help learn the lessons from Ukraine. This follows the government’s historic commitment to increase defence spending to 2.5% of UK GDP by April 2027.

    The Defence Secretary is set to join the German Defence Minister, Boris Pistorius, to host Ukrainian Defence Minister, Rustem Umerov, at the latest meeting of the 50-nation strong UDCG at NATO headquarters today (Wednesday).

    Defence Secretary John Healey MP said:

    The UK is stepping up its support for Ukraine by delivering hundreds of thousands more drones this year and completing a major milestone in the delivery of critical artillery ammunition.

    We are learning lessons every day from the battlefield in Ukraine, which British companies are using to develop advanced new drones to help protect Ukraine’s civilians and also strengthen our own national security.

    Defence is an engine for growth, delivering on this government’s Plan for Change, and this investment will help keep us secure at home and strong abroad, while ensuring the UK is a world leader in rapidly developing drone technology.

    To provide further training and equipment supplies for Ukraine’s forces, the UK will also invest £40m in the trust fund for NATO’s NSATU mission for Ukraine, for which the UK is the framework nation, which is prioritising rapid procurement of spare parts and fuel for vehicles, training, and consumables to support troops in combat.

    Artillery is critical to Ukraine’s war effort, holding back Putin’s forces from making significant gains on the frontline. With supply chains around the world under unprecedented strain, securing reliable sources for artillery ammunition is vital for Ukraine’s defence.

    Many of the drones built in the UK harness new cutting-edge technology, from highly manoeuvrable first-person view (FPV) drones to precisely attack Russian targets, to interceptor drones designed to boost Ukraine’s air defence by destroying Russian missiles and drones, to new fibre-optic drones which are tethered via a cable which safeguards against jamming from Russian electronic warfare systems.

    The UK has also been providing low-cost drones which can drop explosives on Russian positions. Between this type of drone and FPV systems, these two types of drone are reported to be responsible for 60-70% of damage currently caused to Russian equipment.

    The UK is fully committed to working with allies to step up support to ensure Ukraine remains in the strongest possible position, which is why £4.5 billion of military support will be provided this year – more than ever before.

    Updates to this page

    Published 4 June 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Rep. Young Kim Pushes to Improve Homebuying Process for Veterans

    Source: United States House of Representatives – Representative Young Kim (CA-39)

    Washington, DC – Today, U.S. Representatives Young Kim (CA-40), Brittany Pettersen (CO-07), Harriet Hageman (WY-AL), and Nikema Williams (GA-05) and Senators John Boozman (R-AR) and Chris Van Hollen (D-MD) introduced the Veterans Affairs Loan Informed Disclosure Act of 2025 (VALID Act).  

    Despite potentially offering thousands of dollars in savings over the life of a loan, VA loans are underused – with only 10% to 15% of eligible veterans using the benefit, and some states as low as 6%. The bill introduced today provides a simple fix, ensuring veterans see VA loan options clearly laid out alongside conventional and FHA loans when applying for an FHA mortgage — making it easier to choose the best option for their needs. 

    Specifically, this bipartisan legislation would update Federal Housing Administration (FHA) mortgage disclosures to include VA Home Loans alongside FHA and conventional loan options. The bill would also ensure lenders are provided with important information regarding applicant’s military service so they can provide information about VA loans early in the homebuying process. 

    “Veterans put their lives on the line to protect our freedoms and, at the very least, deserve to know the benefits available to them. Anything less is unacceptable,” said Kim. “The VALID Act fully discloses the VA loan options available for veterans to use when buying a home. I’m proud to help lead this commonsense, bipartisan bill that ensures we have the backs of our brave men and women who had ours against global threats.” 

    “Our veterans put everything on the line to defend us, but far too often come home without the support they need,” said Pettersen. “No veteran should miss out on a benefit they’ve earned simply because they didn’t know it was an option. At a time when finding an affordable home is harder than ever, ensuring veterans have clear access to every funding resource available is critical. This legislation helps make homeownership possible and builds long-term stability for the brave men and women who’ve served our country.” 

    “We enjoy freedom in America due to the incredible sacrifices of our servicemen and women,” said Hageman. “Guaranteeing that our veterans receive the care and benefits they deserve is the least we can do. The VALID Act provides for this assurance by ensuring our veterans are informed of the advantageous home loan programs available to them as they chart their future.” 

    “Our veterans have earned every benefit available to them — including the opportunity for affordable homeownership. Unfortunately, too many miss out on VA loan options because they are unaware of them. I’m proud to join my colleagues in introducing the VALID Act that will ensure veterans can make fully informed decisions during the homebuying process. This legislation honors those who served and helps secure a better future for them and their families,” said Williams. 

    “We should make certain veterans are aware they qualify for help with purchasing a home or realizing more savings over the life of a mortgage,” said Boozman. “Since we know VA home loans are underutilized, there is a clear need to better identify this assistance earlier in the process. I am proud to join my colleagues in enhancing this earned benefit for our former servicemembers.” 

    “While we can never fully repay the debt we owe to our veterans, we have a duty to support them when they return home,” said Van Hollen. “The VA Home Loan has been helping servicemembers buy homes for over 80 years, but this funding resource remains severely underutilized by far too many of our veterans. This bipartisan legislation will help change that, ensuring more veterans and their families take advantage of the benefits they have earned.” 

    “VAREP wholeheartedly endorses the VA Loan Information Disclosure Act of 2025. This legislation will help correct an injustice of non-disclosure of all viable mortgage loan options to all home loan applicants who are eligible to take advantage of their earned VA Home Loan Guarantee Benefits,” said VAREP in a statement. “VAREP applauds Rep. Pettersen for taking action to require the original lender to include a third financial comparator, to the current disclosure law that requires only disclosure of the difference between an FHA and a Conventional loan. Adding the third comparison of the VA Home Loan, to the FHA Home Loan and the Conventional Home Loan is an essential missing loan disclosure element.” 

    Research has shown that 1 in 10 veterans have experienced homelessness, often years after completing service and returning home. At the same time, rising housing costs are making homeownership increasingly out of reach. Programs like the VA Home Loan are more important than ever, offering a path to homeownership that can save veterans thousands of dollars and help them build lasting financial security. 

    The legislation is endorsed by the Veterans Association of Real Estate Professionals (VAREP), the Broker Action Coalition, and the National Association of REALTORS®. 

    Full text of the bill is available HERE.  

    MIL OSI USA News

  • MIL-OSI USA: SBA Offers Disaster Assistance to Texas Small Businesses, Private Nonprofits and Residents Affected by May Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to Texas small businesses, private nonprofits and residents to offset physical and economic losses from the severe storm and straight‑line winds occurring May 8. The SBA issued a disaster declaration in response to a request received from Gov. Greg Abbott on May 29.

    The disaster declaration covers the Texas counties of Brooks, Duval, Jim Wells, Kleberg, Live Oak, Nueces and San Patricio.

    Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

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

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

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

    Interest rates are as low as 4% for businesses, 3.62% for nonprofits, and 2.81% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    “When disasters strike, SBA’s Disaster Loan Outreach Centers play a vital role in helping small businesses and their communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “At these centers, SBA specialists assist business owners and residents with disaster loan applications and provide information on the full range of recovery programs available.”

    Beginning Wednesday, June 4, SBA customer service representatives will be on hand at the Disaster Loan Outreach Center (DLOC) to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application. Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov.

    The DLOC hours of operations are as follows:

    JIM WELLS COUNTY
    Disaster Loan Outreach Center
    Jim Wells County Tax Office – Former Wells Fargo Bank
    First Floor
    601 E. Main St.
    Alice, TX  78332

    Opens at 12 p.m., Wednesday, June 4
    Mondays – Fridays, 8 a.m. – 5 p.m.
    Closes at 5 p.m., Thursday, June 26

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

    The deadline to return physical damage applications is Aug. 1, 2025. The deadline to return economic injury applications is March 2, 2026.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News

  • MIL-OSI New Zealand: Banking – ASB Business Survey: The impact of Trump’s tariffs, according to Kiwi businesses

    Source: ASB

    Research released today by ASB, supported by Talbot Mills Research, shows Kiwi businesses see US tariffs as more impactful than Covid-19 or the Global Financial Crisis.  More than 300 business leaders, including CEOs and founders, contributed to the study, giving their insights on President Trump’s recently announced trade policies.

     

    • Two-thirds (67%) of businesses are concerned about the impact of proposed US tariffs in the next 12 months, with nearly 80% of exporters concerned
    • Kiwi business leaders believe Trump’s tariffs will have a more severe global impact than Covid-19 and the GFC
    • Meat, dairy and wine are seen as the most vulnerable within Food and Fibre sector, while businesses predict wool and seafood would fare better
    • Nearly one-quarter (24%) of Kiwi businesses see at least some opportunity in the tariffs
    • More than one-third (39%) of respondents listed support of banks as critical to navigating the current environment

     

    Tariffs: a threat and an opportunity for Kiwi businesses

    ASB’s Executive General Manager Business Banking Rebecca James says: “We’re seeing sustained market volatility with the ever-changing political decisions around tariffs, which naturally creates a heightened sense of uncertainty for businesses. It’s clear businesses view any proposed US tariffs as troubling, but it’s pleasing that nearly a quarter of respondents see opportunity in tariffs too. New Zealand has a reputation on the world stage for ingenuity and a can-do attitude, and we want businesses to know there are things they can do to future-proof and manage risks in turbulent times.”

    President Trump first announced tariffs in April as part of the ‘America First’ trade policy, aimed at protecting US industries and addressing the trade deficit. The tariffs are set at 10% for most countries, including New Zealand, with China a notable outlier where a larger tariff has been applied to Chinese origin goods. Additional proposed tariffs higher than the 10% baseline were paused for a 90-day period and will be reviewed in July.  Businesses are split on how long potential disruption could last.  A slight majority (51%) of Kiwi businesses are optimistic that the economy will recover quickly, while 38% predict a prolonged economic downturn for the country and the remainder were unsure.

    Taking action key to growth

    14% of those surveyed view US tariffs purely as an opportunity, while 10% see them as both a potential risk and an opportunity. Ten percent of businesses and 14% of exporters have already taken action to reduce the negative impacts of tariffs including raising prices, shifting markets or cutting costs. Just under one-third (30%) believe they can make up losses through new customers or cost savings; 25% from operational efficiencies, and 22% from other revenue streams. 22% are unsure, with uncertainty highest among small businesses.

    “The current market volatility and geopolitical tension may be our ‘new normal’, but we’ve been in positions of global uncertainty before and the research shows Kiwi businesses are already thinking about actions they can take to make their business more resilient and generate returns.”

    Ms James encourages businesses to stay connected to industry partners, trade advocacy groups and their banks to share knowledge and ideas when it comes to growth and scale.

    “Business customers are relying on us more than ever to navigate the current environment, and we’re seeing this through an increase in trade finance and a rise in currency hedging enquiries. Our advice is to start exploring options now. We’re seeing customers adapting their business strategy in all sorts of ways, so solutions for your business might look like assessing AI to improve workflow, adjusting your supply chain, selling down stock before new inventory orders, building new trade relationships or exploring untapped markets.”

    Businesses shifting their focus to closer to home

    More than three-quarters of Kiwi exporters expect the cost of doing business with the US to increase by 10% or more in the next year. Concern is higher among exporters (78%) and increases with business size, with worry growing to 88% among 100+ staff businesses). The potential impacts of tariffs which were of the most concern to businesses include slowing economic growth (39%), increased operating costs (32%) and supply chain disruptions (28%).  Nearly one-quarter of businesses are worried about consumer backlash due to price inflation (24%), along with 23% who see a China-US Trade war as unsettling for business. Some of the most explored markets by businesses are China (51%), Australia (37%), European Union (28%) and Southeast Asia (25%).  

    “The research shows a pendulum swing when it comes to trading partners, with businesses redirecting their attention to our close neighbours. Location seems to be king, with our customers prioritising relationships much closer to home,” says Ms James.

    “We’re also seeing exporters maintaining high standards and doubling down on premium products to give us an edge on the global stage, even where it costs more for consumers.”

    The role of banks as a critical support function

    Businesses see Government lobbying as the most critical tool in helping to reduce the impact of tariffs, with banks the next most important. More than one-third (39%) of respondents listed support of banks as critical, specifically working capital support (31%), risk advice (26%) and trade finance (24%).

    “ASB has provided $4.6 billion dollars to Kiwi businesses over the past five years including considerable support to companies looking to expand and navigate opportunities abroad. We have seen increased use of trade finance products, aided by trade credit insurance, enabling businesses to sustainably leverage balance sheets while derisking payment default. We encourage companies doing business overseas to speak with their banker and engage with a trade specialist to ensure your business is in the strongest position,” says Ms James.

    Notes: Results in this report are based upon questions asked in a Talbot Mills Research online survey. The basis of the sample is 344 New Zealand business leaders (business owners, C-suite, senior management), with the survey in field between 24 April and 5 May 2025.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Construction Sector – Construction cost growth flatlines as industry slowdown persists

    Source: Quotable Value

    The latest figures from QV CostBuilder show construction costs overall have barely risen in the second quarter of 2025, amidst an ongoing downturn for the industry. 
    The average cost of building a standard one- or two-storey 150/230m² home in Auckland, Wellington, Christchurch, Hamilton, Dunedin or Palmerston North has rose just 0.1% in the past three months- down again from the 0.4% increase recorded in the first quarter of this year.
    Annually, the cost of building a home in one of those six centres has increased by an average of 1.3%, which is in stark contrast to the double-figure growth experienced throughout 2021, 2022, and 2023.
    “This ongoing deceleration in construction cost inflation signals a broader industry slowdown,” said QV CostBuilder quantity surveyor Martin Bisset.
    “With subdued demand and tighter economic conditions, we’re now seeing many building material prices either holding steady or trending downward.”
    “Where we previously saw surging labour costs due to shortages, particularly in skilled trades, we’re now seeing a plateau,” Mr. Bisset noted.
    “This is a positive for developers managing tighter margins in a cooling market.”
    In the meantime, the cost of building non-residential buildings (excluding educational buildings) has also increased slightly by 0.1% this quarter, with an annual cost increase of less than one percent at just 0.9%. In our Q1 update, costs remained steady, up just 0.1% for the quarter and 1.2% for the year – also reflecting the downward trend in building costs in New Zealand.
    “These figures tell a story of stability rather than volatility,” Mr. Bisset added.
    “Construction costs are plateauing, but that doesn’t mean predictability for every project. The complexity, level of finish, and design elements will always have a major influence on overall cost.”
    However, he warned that geopolitical instability had the potential to impact prices in the future. “New tariffs have exacerbated the high levels of tension and uncertainty in international relations, along with recent escalation of armed conflicts means a general sense of political volatility continues to pose risks, not only to construction costs but also to the economy as a whole,” Mr. Bisset said. “Anything that impedes the flow of goods across the world has the potential for increasing the difficulty and therefore the cost of acquiring building materials here in Aotearoa.”
    Steel framing was among the biggest movers this quarter, down 5.7%; structural steel fell 2.1%; leading to a (1.4%) drop in the prices for Stairs and Balustrades; and Frames (0.7%). Site preparation costs dropped (1.0%) due to a reduction in sheet piling and diesel rates. Suspended ceilings fell 4.6%; and fire proofing costs decreased 3.2%. Bucking the trend, Formwork costs rose slightly by 0.3%; as did exterior walls and exterior finish costs.
    Labour rates have remained relatively stable, to March 2025; in the past three months, rising just 0.14% and they are up 1.8% over the past year. The downturn in overall construction activity – particularly in residential housing – has eased pressure on the labour market. Fewer projects mean there’s less competition for workers, which is helping to stabilise hourly rates and control one of the biggest contributors to project budgets.
    QV CostBuilder is New Zealand’s most comprehensive subscription-based building cost platform.
    In this update, more than 12,400 current material prices were applied to its database of more than 60,000 rates, generating about 6,300 changes to the data across six centres.
    Powered by state-owned enterprise Quotable Value, QV CostBuilder’s comprehensive database covers everything from the building costs per square metre for banks, schools, and office buildings, to the approximate cost per sheet of GIB and more than 8,000 other items. It also includes labour rates, labour constants, and much more.

    MIL OSI New Zealand News

  • MIL-OSI Russia: Financial News: Meeting of Finance Ministers and Heads of Central Banks of SCO Countries Held

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    A meeting of finance ministers and heads of central banks of the Shanghai Cooperation Organization (SCO) countries was held in Beijing. The Bank of Russia was represented by Gulnara Khaidarshina, Director of the Department for Cooperation with International Organizations.

    The parties exchanged views on the prospects for the development of the global, regional and national economic situation, on fiscal policy in support of economic growth and the transition to a green economy. Within its competence, the Bank of Russia participated in the discussion of the development of inclusive digital finance and the further expansion of the use of national currencies of the SCO member states in regional trade and investment.

    Next year, the chairmanship of the SCO Council of Heads of State will pass to the Kyrgyz Republic.

    Preview photo: songweiqiang / Shutterstock / Fotodom

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

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

    HTTPS: //VVV.KBR.ru/Press/Event/? ID = 24670

    MIL OSI Russia News

  • MIL-OSI Russia: Dmitry Grigorenko: The government has taken special control of key projects to replace foreign software

    Translation. Region: Russian Federal

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

    The government has defined a list of key projects to replace foreign software with domestic analogues. These projects will be under special control. This was discussed at a meeting of Deputy Prime Minister – Head of the Government Staff Dmitry Grigorenko with heads of industrial competence centers within the framework of the conference “CIPR-2025”.

    The Deputy Prime Minister emphasized that these projects have been given flagship status – they are of strategic importance for the country’s technological independence, especially in industry and the military-industrial complex.

    The criteria for selecting flagship projects include the criticality of the development for the industry, the possibility of using the software in the critical information infrastructure (CII), the implementation of the project in the interests of the military-industrial complex, as well as the implementation of PLM systems, i.e. integrated solutions for the design and production of complex equipment.

    It was noted that the flagship projects include a unified information environment for managing the product life cycle commissioned by the Roscosmos state corporation. The development will integrate all stages of product creation into a single system and optimize the processes of developing and manufacturing rocket and space technology. Another initiative is an information system for manufacturing aircraft technology commissioned by the United Aircraft Corporation (UAC). It will replace foreign software, will allow for the transfer of control over all stages of the product life cycle to digital technology, and will improve the efficiency of R&D work.

    “Within the framework of the ICC, advanced technological solutions are being created to strengthen Russia’s sovereignty. Today, our main focus is on the development of heavy software. First of all, we are talking about the implementation of product lifecycle management systems. These comprehensive solutions allow for the effective management of all stages – from design to serial production – in key industries: aircraft and shipbuilding, automobile and rocket and space industries. It is fundamentally important that all projects – both those financed by grants and corporate initiatives – are implemented within the established deadlines and successfully implemented in production processes. In this case, the priority is not the source of funding, but the achievement of measurable practical results,” said Dmitry Grigorenko.

    He also recalled that the ICCs have already demonstrated efficiency and high results. During the meeting, the most widely replicated ICC projects were highlighted – such initiatives demonstrated the highest sales revenue. Among them are the field design platforms commissioned by JSC Rosgeo. The revenue of its developer amounted to about 340% of the grant. Over 150% of the grant was returned in the form of tax deductions. Another successfully replicated development is the Ujin platform for the development of smart homes and digitalization of housing and communal services. The revenue from its sale amounted to about 60% of the grant, over 42% of the grant was returned in the form of taxes.

    In total, there are currently about 200 projects in progress to replace foreign software with Russian developments. They are being implemented both with government grant support and through the developer companies’ own investments.

    The initiatives are divided into two stages of implementation. The first wave, which started in 2022, includes about 150 projects, of which over 40% have been fully completed to date: these are 59 projects implemented using the participants’ own funds, as well as 7 grant projects.

    In May of this year, the second wave was launched, which included another 49 projects: 17 with state funding and 32 with company funds.

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

    MIL OSI Russia News

  • MIL-OSI Canada: Update 1: Alberta wildfire update (June 3, 3 p.m.)

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-OSI Australia: How good money habits make cents for mental health

    Source:

    04 June 2025

    Maintaining regular savings habits and paying off credit card debt on time are two stable financial behaviours that significantly lead to improved mental health, University of South Australia finance experts have found.

    New UniSA research has revealed that stable financial habits can significantly contribute to improved mental health, which in turn can lead to higher productivity and employment. This was found to be true across all socioeconomic demographics.

    Researchers explored data from the Household, Income and Labour Dynamics in Australia (HILDA) survey database, comprising the socioeconomic status, physical and mental health, labour market dynamics, family conditions and life experiences of more than 17,000 Australians aged 15 years and over from 2001 to 2021.

    Upon examining the data, researchers found that people who practised stable financial behaviours, such as regularly saving money and paying off credit card payments on time, reported increased mental health as well as vitality, social functioning and general wellbeing.

    UniSA Professor of Applied Economics Rajabrata Banerjee says while the link between financial behaviours and mental health is already known, research into patterns of consistent behaviour and the impact on mental health was lacking.

    “We already know that having high debt and low savings has a negative impact on mental health, but we wanted to learn more about the positive financial behaviours – such as how regularly someone saves or pay off their debt – that may reduce financial strain and cause less worry about money and better mental health,” he says.

    “Considering Australians are already facing cost-of-living pressures, and the ongoing mental health crisis since the COVID-19 pandemic, we wanted to investigate what part positive financial behaviours can play in significantly altering mental health.

    “We found that people who are saving and regularly putting money aside have the best mental health. Those who don’t save at all had the worst mental health. In terms of paying off credit card debt, the same principle applies.”

    To examine the effect of cost-of-living pressures, the study also investigated whether financial burden was a factor that influenced regular savings and debt behaviours. Financial burden was measured by the cost of utilities like electricity, gas and water, adjusted based on how close someone is to retirement.

    “The study found that sharp increases in utility prices placed a greater financial burden on younger people, who typically have low savings and high debt. This burden further strains their finances and negatively impacts their savings and debit behaviours and mental health,” Prof Banerjee says.

    “The study also found that the positive impact of savings behaviour on mental health was stronger for men than women, indicating that, in Australia, financial management is still dominated by men, therefore resulting in a greater impact for that group.”

    However, the study found that stable financial behaviours led to good mental health irrespective of whether an individual is from a higher or lower socioeconomic background, signifying that even saving a small amount when expenses are high, can lead to better mental health.

    Prof Banerjee says financial hardship can be a profoundly disheartening experience that can have a detrimental effect on someone’s mental health as well as their long-term economic interests.

    “When individuals are financially strained, they often can’t save as much or invest, so they miss out on growth and meeting those goals they might have set for the future. People can also become reliant on borrowing to meet their basic needs, and this can lead to high interest payments and continuous debt cycles,” he says.

    “That’s why healthy financial behaviour is important to build stability and long-term security, allowing goal achievement, independence and access to opportunities, as well as reduced stress and good mental health.”

    …………………………………………………………………………………………………………………………

    Contact for interview: Raj Banerjee, Professor of Applied Economics, UniSA E: rajabrata.banerjee@unisa.edu.au
    Media contact: Melissa Keogh, Communication Officer, UniSA M: +61 417 361 403 E: Melissa.Keogh@unisa.edu.au

    MIL OSI News

  • MIL-OSI USA: Welch’s Whole Milk for Healthy Kids Act Advances in the Agriculture Committee

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. — U.S. Senator Peter Welch (D-Vt.), Ranking Member of the Senate Agriculture Subcommittee on Rural Development, Energy, and Credit, today celebrated the advancement of his bipartisan, bicameral Whole Milk for Healthy Kids Act, legislation to support America’s students and dairy farmers. This bipartisan bill which is co-led by Senator Roger Marshall, MD (R-Kan.), would allow schools participating in the National School Lunch Program to offer students whole milk, in addition to reduced-fat, low-fat, fat-free, and lactose-free milk.   
    “Milk provides growing kids with key nutrients they need. Dairy is also an important part of Vermont’s culture and local economy, which is why our bipartisan bill to expand access to whole milk in our schools is a win for Vermont’s students and farmers. This bill helps provide our next generation grow stronger and helps dairy farmers do what they love—feed our communities,” said Senator Welch. “I’m thankful for the support of the Agriculture Committee on this bipartisan legislation, and look forward to bringing this bill to the Senate floor.” 
    Senator Welch has led bipartisan efforts to support Vermont’s dairy farmers and strengthen the state’s dairy industry. Senator Welch recently joined Senator Cory Booker (D-N.J.) and 15 of his Democratic colleagues in introducing the Honor Farmer Contracts Act, legislation to release illegally withheld funding for all contracts and agreements previously entered into by the U.S. Department of Agriculture (USDA). This bill would require the USDA to pay farmers all past-due payments as quickly as possible to prevent them from having to shut down their operations.   
    In March, Senator Welch and 30 Senators called on Secretary Rollins urging USDA to support local food for schools and local food system grant programs. Senator Welch introduced several bills in the 118th Congress to support Vermont’s dairy, organic, and specialty crop farmers; strengthen rural development and infrastructure; increase energy efficiency and renewable energy adoption; improve access to nutrition; strengthen our local food systems and expand markets; and make our communities more resilient to flooding. These bills were included in Senate Democrats’ draft Farm Bill, the Rural Prosperity and Food Security Act.  

    MIL OSI USA News

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Increases Section 232 Tariffs on Steel and Aluminum

    Source: US Whitehouse

    COUNTERING TRADE PRACTICES THAT UNDERMINE NATIONAL SECURITY: Today, President Donald J. Trump signed a Proclamation to increase the tariff to 50% on steel and aluminum.

    • President Trump is taking action to protect America’s critical steel and aluminum industries, which have been harmed by unfair trade practices and global excess capacity.
    • President Trump is raising the tariff on steel and aluminum imports from 25% to 50%, with the higher tariff set to go into effect on June 4, 2025.
      • Tariffs on steel and aluminum imports from the United Kingdom will remain at 25%, with possible changes or quotas starting July 9, 2025, depending on the status of the U.S.-UK Economic Prosperity Deal.
      • The steel and aluminum tariffs will apply only to the steel and aluminum contents of imported products, whereas the non-steel and non-aluminum contents of imported products will be subject to other applicable tariffs.
    • President Trump is cracking down on false import declarations by requiring strict reporting of steel and aluminum content, with tough penalties like fines or loss of import rights for violators.
    • President Trump is exercising his authority under Section 232 of the Trade Expansion Act of 1962 to adjust imports of steel and aluminum to protect our national security.
      • This statute provides the President with authority to adjust imports being brought into the United States in quantities or under circumstances that threaten to impair national security.

    RESTORING FAIRNESS TO STEEL AND ALUMINUM MARKETS: President Trump is taking action to end unfair trade practices and the global dumping of steel and aluminum.

    • Foreign nations have been flooding the United States market with cheap steel and aluminum, often subsidized by their governments.
    • A report from the first Trump Administration found that steel import levels and global excess were weakening our domestic economy and threatening to impair national security.
      • The report found that excess production and capacity has been a major factor in the decline of domestic aluminum production.
    • While the domestic steel industry briefly achieved 80% capacity utilization in 2021, subsequent trade pressure has depressed domestic production.  In 2022 and 2023, capacity utilization fell to 77.3% and 75.3%, respectively.  High import volumes from sources exempt from Section 232 tariffs were a major factor in depressing domestic production volumes. 
    • For aluminum, there was an increase in the capacity utilization rate between 2017 and 2019, from 40% to 61% during that period. But since 2019, the aluminum capacity utilization has once again seen a steady decline, falling from 61% to 55% between 2019 and 2023.  
    • The United States does not want to be in a position where it would be unable to meet demand for national defense and critical infrastructure in a national emergency.

    STRENGTHENING AMERICA’S MANUFACTURING INDUSTRY: President Trump’s decision to close existing loopholes and exemptions will strengthen United States’ steel and aluminum industries.

    • In his first term, President Trump imposed Section 232 tariffs to protect the American steel and aluminum industries from unfair foreign competition.
    • The steel tariffs that President Trump implemented led to thousands of jobs gained and higher wages in the metals industry.
      • These tariffs were hailed as a “boon” for Minnesota’s iron ore industry, with state officials crediting tariffs for bolstering the local economy. 
      • Steel and aluminum imports drastically decreased under President Trump, falling by nearly a third from 2016 to 2020.
      • The tariffs led to a wave in investment across the United States, with more than $10 billion committed to build new mills.
    • Earlier this year, President Trump restored and strengthened Section 232 tariffs on steel and aluminum, widely celebrated by the American steel and aluminum industries.
    • Now, President Trump is once again being praised by our steel and Aluminum industries for his decision to raise tariffs on foreign steel and aluminum even higher and protect American workers.

    TARIFFS WORK: Studies have repeatedly shown that contrary to public rhetoric, tariffs can be an effective tool for achieving economic and strategic objectives.

    • A 2024 study on the effects of President Trump’s tariffs in his first Administration found that they “strengthened the U.S. economy,” and “led to significant reshoring” in industries like manufacturing and steel production.
    • A 2023 report by the U.S. International Trade Commission that analyzed the effects of Section 232 and 301 tariffs on more than $300 billion of U.S. imports found that the tariffs reduced imports from China, effectively stimulated more U.S. production of the tariffed goods, with very minor effects on prices.
    • According to the Economic Policy Institute, the tariffs implemented by President Trump during his first Administration “clearly show[ed] no correlation with inflation” and only had a temporary effect on overall price levels.
    • An analysis from the Atlantic Council found that “tariffs would create new incentives for US consumers to buy US-made products.”
    • Former Biden Treasury Secretary Janet Yellen affirmed last year that tariffs do not raise prices: “I don’t believe that American consumers will see any meaningful increase in the prices that they face.”
    • A 2024 economic analysis found that a global tariff of 10% would grow the economy by $728 billion, create 2.8 million jobs, and increase real household incomes by 5.7%.

    MIL OSI USA News

  • MIL-OSI USA: Rep. Dan Goldman Leads House Democrats in Demanding Federal Budget Fully Fund Public Broadcasting

    Source: US Congressman Dan Goldman (NY-10)

    Funding Request Comes Amid Trump Administration’s Continued Attacks on Public Journalism 

     

    Goldman is Co-Chair of the Bipartisan Public Broadcasting Caucus 

     

    Read the Letter Here 

    Washington, D.C – Co-Chair of the Congressional Public Broadcasting Caucus Congressman Dan Goldman (NY-10), alongside Congresswoman Lizzie Fletcher (TX-07) and Congresswoman Doris Matsui (CA–07) led 103 of their House Democratic colleagues in writing to the House Appropriations Committee Chairman Robert Aderholt and Ranking Member Rosa DeLauro to request the federal government’s budget for the 2026 Fiscal Year fully fund public programming, including $535 million for the Corporation for Public Broadcasting’s (CPB) two-year advance, level funding of $31 million for the Department of Education’s Ready To Learn grant program, and level funding of $60 million for public broadcasting Interconnection system. 

    The letter comes as the Trump administration continues to attack public journalism’s editorial independence and crack down on public broadcasting nationwide. This month, the administration issued an unlawful Executive Order directing CPB to cease all funding for NPR and PBS, which support local TV and radio news outlets across the country. Goldman’s letter highlights the critical role that CPB plays not only in ensuring all Americans have access to trusted and reliable news, but also emergency response tools for state and local municipalities and educational programming for kids of all ages. 

    “Without federal support for public broadcasting, many localities would struggle to receive timely, reliable local news and educational content, especially remote and rural communities that commercial newsrooms are increasingly less likely to invest in. In states such as Alaska, Minnesota, North Dakota, and Texas, rural public radio stations are often the only weekly or daily news source in their communities. Even in places with other daily or weekly news sources, those outlets may not be directing resources toward original or locally based stories, leaving it to public stations to fill the gap,” the Members wrote. 

    CPB-funded public media reaches nearly 99.7% percent of the American population, and its funding funds over 1,500 public television and radio stations across the country, supporting approximately 20,000 local jobs. The members also emphasize the load-bearing role that the CPB-funded public broadcasting infrastructure plays in individual states’ emergency response.  

    “Between January 1, 2023, and January 1, 2024, nearly 8,500 Wireless Emergency Alerts (WEAs) were issued by federal, state, and local authorities and transmitted over the PBS Warning, Alert, and Response Network (PBS WARN) system. Additionally, National Public Radio (NPR) and the Public Radio Satellite System enable local public radio stations to issue text and image alerts and other information to mobile phones, “connected car” smart dashboards, HD radios, and online streams. In fact, NPR has been named as a resource in at least 20 states’ emergency plans,” the Members continued. 

    Founded in 1967 as a private, non-profit corporation, the CPB’s structure shields its content decisions from political influence and is compelled by law to uphold “strict adherence to objectivity and balance.” In addition to emergency response systems and local journalism, federal funding for CPB also enables public broadcasting to support educational content that parents nationwide rely on to help their children learn, averaging 16 million monthly users and more than 350 million monthly streams across digital platforms, allowing people at all income levels and from all parts of the country to access consistent, high-quality, educational content for free.  

    “We urge you to continue your support for our nation’s local public broadcasting stations with level funding of $535 million for the Corporation for Public Broadcasting’s two-year advance, level funding of $31 million for the Ready To Learn grant program, and level funding of $60 million for public broadcasting Interconnection,” the Members concluded. 

    Read the letter here or below: 

    Dear Chairman Aderholt and Ranking Member DeLauro:  

    Thank you for the strong bipartisan support that the Labor, Health and Human Services and Education Subcommittee has provided to our local public broadcasting stations through the Corporation for Public Broadcasting (CPB), the Ready To Learn program, and public media’s interconnection system. As you craft the Fiscal Year (FY) 2026 Labor, Health and Human Services, Education and Related Agencies appropriations bill, we request that you maintain this legacy and continue to support strong funding for these critical programs.  

    Corporation for Public Broadcasting  

    Objectivity and balance and diversity of thought in public broadcasting are essential to serving the public interest and preserving the public’s trust. That’s why in the Public Broadcasting Act of 1967, Congress authorized the creation of the Corporation for Public Broadcasting (CPB), a private, nonprofit corporation wholly independent of the federal government, to steward the federal government’s investment in public media. This structure shields content decisions from political influence and the statute compels CPB to uphold “strict adherence to objectivity and balance in all programs or series of programs of a controversial nature.”   

    For more than 50 years, Congress has provided funding for the CPB with strong bipartisan support. Since 1976, Congress provides such funding as a two-year advance appropriation, serving as a firewall that protects public media’s independence from politically motivated interference. It makes possible the long-term planning required to ensure public media’s educational and public affairs programming meets the highest academic and journalistic standards and has become the bedrock for CPB’s longstanding public-private partnership in service to all Americans.   

    Federal funding for the CPB is the foundation of public media’s national-local, public-private partnership. Distributed according to a statutory formula, CPB’s administrative expenses are capped at 5% and approximately 70% of all CPB’s two-year advance are distributed to eligible public media stations. CPB funds more than 1,500 public television and radio stations across the country, supporting approximately 20,000 local jobs, and representing the only locally licensed, controlled, and directed media in America. With CPB funding, public media reaches nearly 99.7% percent of the American population living in rural, small town, and urban communities in all 50 states, the District of Columbia, and four commonwealths and territories. Every $1 of federal funding contributing to that programming, generates $7 from local sources — a tremendous return on the taxpayer investment.   

    This federal funding is critical to the work of all local public broadcasting stations to provide essential services and programming to local communities; enable local journalism that address current issues in an objective, fair, and balanced manner; facilitate local public safety and emergency alert services, and support educational services to millions of students, teachers, parents and caregivers. Unlike commercial media, public media operates under a unique statutory mandate to serve the public interest, focusing on educational and cultural enrichment and public safety, not profit.   

    Without federal support for public broadcasting, many localities would struggle to receive timely, reliable local news and educational content, especially remote and rural communities that commercial newsrooms are increasingly less likely to invest in. In states such as Alaska, Minnesota, North Dakota, and Texas, rural public radio stations are often the only weekly or daily news source in their communities. Even in places with other daily or weekly news sources, those outlets may not be directing resources toward original or locally based stories, leaving it to public stations to fill the gap.   

    We request level funding of $535 million for CPB’s two-year advance.  

    Public Safety

    Covering nearly 99 percent of the U.S. population, public broadcasting stations play an irreplaceable role as an emergency response tool that states and localities depend on.  

    Public television stations provide critical redundancy through the PBS Warning, Alert, and  Response Network (PBS WARN) which sends geo-targeted Wireless Emergency Alert (WEA) messages issued by more than 1,600 local, state, tribal, territorial, and federal authorities from the Federal Emergency Management Agency (FEMA) to cellular carriers, all along public media infrastructure. Between January 1, 2023, and January 1, 2024, nearly 8,500 WEAs were issued by federal, state, and local authorities and transmitted over the PBS WARN system. Additionally, National Public Radio (NPR) and the Public Radio Satellite System enable local public radio stations to issue text and image alerts and other information to mobile phones, “connected car” smart dashboards, HD radios, and online streams. In fact, NPR has been named as a resource in at least 20 states’ emergency plans, for example, in Florida, “The National Test will be relayed to the three Primary Entry Point stations in Florida: WOKV (690 AM) – Jacksonville, WFLF (540 AM) – Orlando, WAQI (710 AM) – Miami.” Natural disasters do not stay within the lines of human-drawn state borders – that is why it’s imperative that federal emergency communications coordinated through the CPB-funded PBS WARN and Public Radio Satellite System are able to get comprehensive information to those at risk in real time.   

    In addition to transmitting emergency alerts, public radio stations provide flexible, live coverage of emergencies and connect lifesaving information to first responders and residents during unfolding events. During Hurricanes Helene and Milton, even as many other news sources lost power and internet, Blue Ridge Public Radio remained online in the Asheville, North Carolina area and delivered hourly local updates and statements from public officials to the more than 500,000 people impacted by power outages in the region. In Florida, a network of 14 public media stations across the state began coverage of Hurricane Helene a week before its major landfall, granting residents direct access to real-time weather alerts and updates across all platforms and apps.  In Texas, Houston Public Media was able to utilize its over-the-air signal to connect first responders and residents in the Gulf Coast region with lifesaving information during the May Derecho and Hurricane Beryl last year.  

    Without public media, the federal and state governments would have to decide between funding replacement emergency alerting systems or forgo ensuring that all residents have access to life-saving information. For rural communities, large expanses and low population density would raise substantial financial barriers.  

    Education  

    Public broadcasting networks also support educational content that parents nationwide rely on to help their children learn, averaging 16 million monthly users and more than 350 million monthly streams across digital platforms. Public media is committed to providing education services to all Americans. Public broadcasting allows people at all income levels and from all parts of the country—rural and urban—to have access to consistent, high-quality, educational content for free.  

    Through a unique partnership among the U.S. Department of Education, CPB, and PBS, the Ready To Learn program funds the development of educational television and digital media targeted at preschool and early elementary school children and their families. More than 100 studies have demonstrated that this program’s research-based content builds and improves the early literacy and math skills for children, ages two to eight. For the majority of American children (60% in 2020) who don’t have the means or opportunity to attend preschool, Ready To Learn content provides an essential “school readiness” experience.  

    We are requesting level funding of $31 million in FY 2026 to continue the impact of Ready to Learn created content and the scope of local station outreach to the kids, families, teachers, and schools that need it most.  

    Community Connection

    Local public broadcasting stations are some of the last locally controlled and locally operated media in the country, especially in more rural and remote areas. The local focus of the stations builds civic leadership, strengthens the fabric of our local communities, and ensures that invaluable culture and unique local voices are preserved for generations to come.   

    For example, West Virginia Public Broadcasting partners with educators and local libraries in Boone County to deliver high-quality early childhood education to area children, setting them up for future success. The station also produces its broadcast music program, Mountain Stage, showcasing local and regional music that is distributed by NPR for a national audience. Across the country, South Dakota Public Broadcasting is streaming state legislative meetings, making state government accessible to every South Dakotan. These services serve state interests, often saving states money by offering higher quality services at lower costs.  

    Interconnection  

    All of these services depend on public broadcasting’s interconnection system – the satellite and digital infrastructure and supporting operations that provide every local public media station across the country with access to programming from national, regional, and independent content providers and the capability to share their local content with others. This system ensures that cellular customers can receive geo-targeted emergency alerts and warnings, enabling public media to be the fail-safe for reliable public safety services, even when power grids and internet services are down.   

    Level funding of $60 million in FY 2026 for the interconnection system is essential to support its system-wide infrastructure while also efficiently address growing needs in the system, including: cybersecurity, content delivery networks, and data management, among others.  

    We urge you to continue your support for our nation’s local public broadcasting stations with level funding of $535 million for the Corporation for Public Broadcasting’s two-year advance, level funding of $31 million for the Ready To Learn grant program, and level funding of $60 million for public broadcasting Interconnection.  

    Thank you for your consideration and attention to this important request. 

    ### 

    MIL OSI USA News

  • MIL-OSI USA: Cantwell Says Senate Should Dump House Proposal to Force Millions Off Health Coverage & Endanger Struggling Rural Hospitals

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    06.03.25
    Cantwell Says Senate Should Dump House Proposal to Force Millions Off Health Coverage & Endanger Struggling Rural Hospitals
    In WA, Trump’s “Big Beautiful Bill” would compromise health coverage for over 270k people
    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), senior member of the Senate Finance Committee and ranking member of the Senate Committee on Commerce, Science, and Transportation, joined Senate Majority Leader Chuck Schumer (D-NY) and U.S. Senator Amy Klobuchar (D-MN) for a press conference at the Capitol calling on their Republican colleagues to reject the devastating cuts to Medicaid included in the budget bill that barely passed the House of Representatives last month.
    “If this bill is enacted — reversing the gains of the Affordable Care Act — it will increase our uncompensated care cost. One estimate: $42 billion alone in 2026 of uncompensated care, and $278 billion in uncompensated care increases over a 10-year window,” Sen. Cantwell said.
    “The result in declining revenue would have adverse consequences for at-risk hospitals and rural communities. We have all heard from our rural hospitals warning us about this. How is it that our Republican Senate colleagues are not listening to those rural hospitals?”
    She continued: “Do our Republican colleagues not care about delivery of health care in our rural community and the spillover effect it has to their economies? This is not scare tactics. This is a bill, if enacted, [that] will not result in savings. It will result in an increase in the uninsured. It will result in financial stresses on our system, and it will increase costs on all of us. And yes, it will cost lives.”
    Video of today’s press conference is HERE; audio is HERE; and a transcript of Sen. Cantwell’s remarks is HERE.
    Last month, the U.S. House of Representatives passed a reconciliation bill containing over $700 billion in cuts and significant changes to Medicaid, the federal program that insures many low-income adults and children, pregnant people, seniors, and people with disabilities. 
    Medicaid, known as Apple Health in Washington state, covers over 1.9 million Washingtonians. On May 2, Sen. Cantwell released a snapshot report highlighting the impact that Medicaid cuts would have on Washington state’s highly-ranked long-term care system for seniors and people with disabilities. In February, she released a snapshot report that demonstrated how cuts would harm health care access in Washington state, and she followed up with a report in March that dove into impacts on the Puget Sound region.
    Highlights of those snapshot reports include:
    In Washington state, WA-04 (Central Washington) and WA-05 (Eastern Washington) have the highest proportions of adults and total population on Medicaid (Apple Health). In District 4, 70% of children are on Medicaid.
    In the Puget Sound, children in Seattle’s blue-collar strongholds would feel the deepest pain from Medicaid cuts. More than half of children in Burien, SeaTac, Kent, Federal Way, Auburn, Renton, and Rainier Valley depend on Medicaid.
    In an exclusive new survey of 68 WA nursing homes, 67 of 68 would cut services if Medicaid were cut by 5% or more, and 65% would consider closing.
    Over the past three months, Sen. Cantwell also took a tour around the state to hear from folks who would be directly impacted by cuts to Medicare. Doctors, patients, and health care providers in Seattle, Spokane, the Tri-Cities, and Wenatchee warned that such cuts would devastate Washington state’s health care system and limit access to lifesaving care.
    On May 21, Sen. Cantwell joined Washington state health care professionals for a virtual press conference to highlight statewide alarm and opposition to proposed Medicaid cuts. That same day, 23 Republican members of the Washington state legislature sent a letter to the entire Washington state federal Congressional delegation, urging the delegation to “protect Medicaid funding for Washington State.”
    A full timeline of Sen. Cantwell’s actions to defend Medicaid from cuts is HERE.

    MIL OSI USA News

  • MIL-OSI: Leading Independent Proxy Advisory Firms Glass Lewis and ISS Recommend that Shareholders Vote “FOR” the Proposed Merger Between PTMN and LRFC

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (NASDAQ: PTMN) (“Portman Ridge” or “PTMN”) and Logan Ridge Finance Corporation (NASDAQ: LRFC) (“Logan Ridge” or “LRFC”) (together, the “Companies”) announced today that leading independent proxy advisory firms, Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”), have both recommended that LRFC stockholders vote “FOR” the proposed merger of LRFC with and into PTMN at the upcoming LRFC special meeting scheduled for June 6, 2025. In addition, ISS and Glass Lewis have both recommended that PTMN stockholders vote “FOR” the proposals related to the proposed merger at the upcoming PTMN special meeting scheduled for June 6, 2025.

    In its May 30, 2025 report, Glass Lewis noted, “We recognize the transaction would consolidate two entities that are managed by affiliated investment advisers, have overlapping portfolios of investments, and similar strategies and risks. The transaction aims at creating an entity with greater scale, a more diversified portfolio and anticipated greater market liquidity, among other benefits. Overall, we believe the entities have presented a reasonable strategic rationale for the proposed merger.” Similarly, in its report dated May 23, 2025, ISS commented, “The strategic rationale appears sound, as the combined company will have increased scale, structural simplification, and more diversification. On balance, in light of the compelling strategic rationale, support for the proposed share issuance is warranted.”

    Ted Goldthorpe, President and Chief Executive Officer of PTMN and LRFC and Head of the BC Partners Credit Platform, stated, “We’re encouraged by the support from both ISS and Glass Lewis, which reflects their alignment with the LRFC and PTMN Boards’ unanimous recommendations to their shareholders to vote in favor of the proposed merger. With PTMN standing as the surviving entity, we believe the combination will enhance PTMN’s scale, increase trading liquidity, further increase portfolio diversification, and will generate meaningful earnings accretion for shareholders, all which pave the way for our future growth initiatives and strengthen our position as a leader in executing strategic growth transactions amongst publicly traded business development companies.”

    With special meetings scheduled for June 6, 2025, both PTMN and LRFC urge their stockholders to attend the meeting and cast their votes by following the instructions outlined in the joint proxy statement. Stockholders of PTMN can also access the virtual meeting and vote by going to the following website: http://www.virtualshareholdermeeting.com/PTMN2025SM, or by calling 1-833-218-3911 and providing the control number which is listed in the proxy card received. Stockholders of LRFC can access the virtual meeting and vote by going to the following website: http://www.virtualshareholdermeeting.com/LRFC2025SM, or by calling 1-833-218-3962 and providing the control number which is listed in the proxy card received.

    Shareholders can access the joint proxy statement and prospectus by clicking HERE. Shareholders who have questions about the joint proxy statement or about voting their shares should contact the companies’ proxy solicitor, Broadridge, at 1-833-218-3911 for PTMN shareholders and 1-833-218-3962 for LRFC shareholders.

    About Portman Ridge Finance Corporation

    PTMN is a publicly traded, externally managed investment company that has elected to be regulated as a business development company (a “BDC”) under the 1940 Act. PTMN’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. PTMN’s investment activities are managed by its investment adviser, Sierra Crest.

    PTMN’s filings with the Securities and Exchange Commission (the “SEC”), earnings releases, press releases and other financial, operational and governance information are available on Portman Ridge’s website at www.portmanridge.com.

    About Logan Ridge Finance Corporation

    LRFC is a BDC that invests primarily in first lien loans and, to a lesser extent, second lien loans and equity securities issued by lower middle-market companies. LRFC invests in performing, well-established middle-market businesses that operate across a wide range of industries. It employs fundamental credit analysis, targeting investments in businesses with relatively low levels of cyclicality and operating risk. For more information, visit www.loganridgefinance.com.

    Cautionary Statement Regarding Forward-Looking Statements

    Some of the statements in this communication constitute forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements may include statements as to future operating results of PTMN and LRFC, and distribution projections; business prospects of PTMN and LRFC, and the prospects of their portfolio companies; and the impact of the investments that PTMN and LRFC expect to make. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this communication involve risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with (i) the ability of the parties to consummate the merger on the expected timeline, or at all; (ii) the expected synergies and savings associated with the merger; (iii) the ability to realize the anticipated benefits of the merger, including the expected elimination of certain expenses and costs due to the merger; (iv) the percentage of PTMN shareholders and LRFC shareholders voting in favor of the applicable Proposal (as defined below) submitted for their approval; (v) the possibility that competing offers or acquisition proposals will be made; (vi) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived; (vii) risks related to diverting management’s attention from ongoing business operations; (viii) the combined company’s plans, expectations, objectives and intentions, as a result of the merger; (ix) any potential termination of the merger agreement; (x) the future operating results and net investment income projections of PTMN, LRFC or, following the closing of the merger, the combined company; (xi) the ability of Sierra Crest to implement its future plans with respect to the combined company; (xii) the ability of Sierra Crest and its affiliates to attract and retain highly talented professionals; (xiii) the business prospects of PTMN, LRFC or, following the closing of the merger, the combined company, and the prospects of their portfolio companies; (xiv) the impact of the investments that PTMN, LRFC or, following the closing of the merger, the combined company expect to make; (xv) the ability of the portfolio companies of PTMN, LRFC or, following the closing of the merger, the combined company to achieve their objectives; (xvi) the expected financings and investments and additional leverage that PTMN, LRFC or, following the closing of the merger, the combined company may seek to incur in the future; (xvii) the adequacy of the cash resources and working capital of PTMN, LRFC or, following the closing of the merger, the combined company; (xviii) the timing of cash flows, if any, from the operations of the portfolio companies of PTMN, LRFC or, following the closing of the merger, the combined company; (xix) the risk that stockholder litigation in connection with the merger may result in significant costs of defense and liability; and (xx) future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities). PTMN and LRFC have based the forward-looking statements included in this document on information available to them on the date hereof, and they assume no obligation to update any such forward-looking statements. Although PTMN and LRFC undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that they may make directly to you or through reports that PTMN and LRFC in the future may file with the SEC, including the Registration Statement and Joint Proxy Statement (in each case, as defined below), annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

    No Offer or Solicitation

    This communication is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication is not, and under no circumstances is it to be construed as, an offer to sell or a solicitation of an offer to purchase any securities in PTMN, LRFC or in any fund or other investment vehicle managed by BC Partners or any of its affiliates.

    Additional Information and Where to Find It

    This communication relates to the proposed merger of PTMN and LRFC and certain related matters (the “Proposals”). In connection with the Proposals, PTMN has filed a registration statement (Registration No. 333-285230) with the SEC (the “Registration Statement”) that contains a combined joint proxy statement for PTMN and LRFC and a prospectus of PTMN (the “Joint Proxy Statement”) and has mailed the Joint Proxy Statement to its and LRFC’s respective shareholders. The Registration Statement and Joint Proxy Statement will contain important information about PTMN, LRFC and the Proposals. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. SHAREHOLDERS OF PTMN AND LRFC ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PTMN, LRFC AND THE PROPOSALS. Investors and security holders will be able to obtain the documents filed with the SEC free of charge at the SEC’s website, http://www.sec.gov or, for documents filed by PTMN, from PTMN’s website at https://www.portmanridge.com, and, for documents filed by LRFC, from LRFC’s website at https://www.loganridgefinance.com.

    Participants in the Solicitation

    PTMN, its directors, certain of its executive officers and certain employees and officers of Sierra Crest and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Proposals. Information about the directors and executive officers of PTMN is set forth in its proxy statement for its 2025 Annual Meeting of Stockholders, which was filed with the SEC on April 29, 2025. LRFC, its directors, certain of its executive officers and certain employees and officers of Mount Logan and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Proposals. Information about the directors and executive officers of LRFC is set forth in the Annual Report on Form 10-K/A, which was filed with the SEC on April 29, 2025. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the PTMN and LRFC shareholders in connection with the Proposals will be contained in the Registration Statement, including the Joint Proxy Statement included therein, and other relevant materials when such documents become available. These documents may be obtained free of charge from the sources indicated above.

    Contacts:
    Portman Ridge Finance Corporation
    650 Madison Avenue, 3rd floor
    New York, NY 10022

    Logan Ridge Finance Corporation
    650 Madison Avenue, 3rd floor
    New York, NY 10022

    Brandon Satoren
    Chief Financial Officer (PTMN and LRFC)
    Brandon.Satoren@bcpartners.com
    (212) 891-2880

    The Equity Group Inc.
    Lena Cati
    lcati@equityny.com
    (212) 836-9611

    Val Ferraro
    vferraro@equityny.com
    (212) 836-9633

    The MIL Network

  • MIL-OSI Global: Chagos islands: how Mauritius can turn a diplomatic triumph into real economic growth

    Source: The Conversation – Global Perspectives – By Dev K (Roshan) Boojihawon, Associate professor of Strategy and International Business, University of Birmingham

    The decades-long Chagos islands dispute has finally entered a new chapter. The UK officially agreed to return the sovereignty of the archipelago to Mauritius.

    The Indian Ocean islands are strategically situated near key shipping lanes and regional power hubs.

    Mauritius was granted independence from British colonial rule in 1968. But not the Chagos islands, which had been part of Mauritius but became a new colonial territory. The residents of the largest island in the archipelago, Diego Garcia, were forced off the land. This was used as a base to support US military operations.




    Read more:
    Mauritius’ next growth phase: a new plan is needed as the tax haven era fades


    Now Mauritius has regained control over the islands while leasing Diego Garcia to the UK for a 99-year period for US$136 million a year. This gives the UK (and its ally the US) access to a vital maritime corridor for global trade and power projection.

    But now that the deal has been signed, there’s a more pressing question. Can Mauritius use it as the foundation for justice and economic progress?

    As scholars of strategic economic development we often focus on Africa and Mauritius in particular. We believe the agreement marks an important geopolitical moment. It rights a colonial wrong, honours international justice and cements Mauritius’s global standing.

    It also presents an opportunity to fund inclusive development and sustainability initiatives for Mauritius. It could boost investments in education, health and infrastructure. It could also support the resettlement of displaced Chagossians, and advance marine conservation, renewable energy and climate resilience programmes in the archipelago.

    Aerial view of Diego Garcia and the Chagos archipelago.
    NASA/Wikimedia Commons

    The real challenge facing the Mauritian government is how to turn a diplomatic triumph into tangible national progress. We argue that what’s needed is a forward looking and inclusive strategy.

    The development challenge

    Reparations can offer short-term financial relief. But without visionary planning, there’s a risk of these funds being absorbed into recurrent government spending. Or used for symbolic programmes with limited structural and socio-economic impact.

    The real value lies in what Mauritius does next. Investment in strategic sectors such as the blue economy, renewable energy, digital infrastructure and sustainable tourism is the key.

    Investment should strengthen partnerships with regional neighbours, international donors, and strategic allies like the US, China and India. Mauritius must position itself as a forward-looking state with global relevance.




    Read more:
    How the US and UK worked together to recolonise the Chagos Islands and evict Chagossians


    The reparations should be treated as seed funding to invest in its own future. This means using the funds to drive bold, long-term transformation. The country needs to build a more resilient, innovative and globally competitive economy.

    Mauritius is heavily reliant on offshore services and short-term fiscal gains. It is vulnerable to slow diversification, rising youth unemployment, climate-related risks, lagging digital and technological progress, and growing global scrutiny of its financial sector.

    To remain competitive in the current volatile global context, the country must develop more broadly.

    3 steps to take

    1. Investment

    Mauritius has historically relied on external financial inflows like tourism revenue, offshore finance and foreign aid. By channelling funds into capacity-building, skills development and innovation ecosystems, the country can cultivate a self-sustaining economy. This would position it better to seize opportunities in the green economy, digital transformation and knowledge-intensive industries.

    More specifically, it needs to:

    • secure investment in green energy, AI-digital infrastructure and high-tech manufacturing

    • offer tax incentives and streamlined regulatory processes to attract foreign direct investment in these sectors

    • establish public-private partnerships to develop innovation hubs and research centres focused on emerging technologies

    • launch workforce development programmes to upskill the labour force.

    2. Economic diplomacy, alliances and regional leverage

    The government should forge stronger partnerships with the UK and the US. Key areas include defence, cybersecurity, climate and sustainability innovations and regional logistics infrastructure.

    It needs strong ties as power blocs shift and competition over strategic resources and trade routes grows.

    Joint military exercises and intelligence sharing could improve forces’ ability to help each other. Investing in advanced cyber defence capabilities, for instance, can help counter emerging digital threats, such as data breaches affecting financial services and e-governance systems.

    These steps would bolster national security and reinforce Mauritius’ position as a reliable partner.

    The resolution of the Chagos dispute provides an opportunity for Mauritius to use its geopolitical position. It could expand trade, diplomatic influence and strategic partnerships across Africa, Asia and beyond.

    Being located between Africa, the Middle East, South Asia and Southeast Asia places it along major maritime trade routes.

    Mauritius enjoys political stability, democratic governance and strong legal framework. It is well placed to help resolve regional disputes over maritime boundary conflicts, fishing rights, and freedom of navigation. These involve countries like India, Sri Lanka and Madagascar, and even China and the US.

    It can also lead in developing shared logistics and resupply hubs to support regional trade, disaster response and maritime security operations.

    3. Chagossian justice

    Mauritius must make the Chagossian community part of its next national success story. Including them in economic plans is a legal, moral and strategic necessity.

    Steps should include:

    • incorporating Chagos representatives in economic discussions and decision-making processes

    • establishing programmes for Chagossian cultural preservation and economic development

    • giving Chagossians a voice in shaping the future of their ancestral lands.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Chagos islands: how Mauritius can turn a diplomatic triumph into real economic growth – https://theconversation.com/chagos-islands-how-mauritius-can-turn-a-diplomatic-triumph-into-real-economic-growth-257774

    MIL OSI – Global Reports

  • MIL-OSI Global: Even if Putin and Zelenskyy do go face-to-face, don’t expect wonders − their one meeting in 2019 ended in failure

    Source: The Conversation – Global Perspectives – By Anna Batta, Associate Professor of International Security Studies, Air University

    Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy arrive at the Elysee Palace in Paris in 2019. Ian Langsdon/Pool Photo via AP

    Delegations from Ukraine and Russia met for a second time in Istanbul in a month on June 2, 2025. Missing, again, were the country’s two leaders.

    For a fleeting moment ahead of the first meeting in mid-May 2025, there existed the faintest prospect that Presidents Vladimir Putin of Russia and Volodymyr Zelenskyy of Ukraine would join, sitting down in the same room for face-to-face talks.

    But it didn’t happen; few expected it would. On that occasion, Putin refused Zelenskyy’s offer of face-to-face talks in Istanbul.

    Even though neither leader met in the Istanbul summits, they have met before.

    In Paris in 2019, the two men sat down together as part of what was known as the Normandy Format talks. As a scholar of international relations, I have interviewed people involved in the talks. Some five years on, the way the talks floundered and then failed can offer lessons about the challenges today’s would-be mediators now face.

    Initial hopes

    The Normandy Format talks started on the sidelines of events in June 2014 commemorating the 70th anniversary of the D-Day landings. The aim was to try to resolve the ongoing conflict between Ukrainian forces and pro-Russian separatist groups in the country’s Donbas region in the east. That conflict had recently escalated, with pro-Russian separatists seizing key towns in the Donetsk and Luhansk after Russia illegally annexed the peninsula of Crimea in February 2014.

    The talks continued periodically until 2022, when Russia launched its full-scale invasion of Ukraine. Until that point, most of the discussion was framed by two deals, the Minsk accords of 2014 and 2015, which set out the terms for a ceasefire between Kyiv and the Moscow-armed rebel groups and the conditions for elections in Donetsk and Luhansk.

    By the time of the sixth meeting in December 2019, the only time Zelenkyy and Putin have met in person, some still hoped that the Minsk accords could form a framework for peace.

    Under discussion

    Zelenskyy was only a few months into his presidency. He arrived in Paris with fresh energy and a desire to find peace.

    His electoral campaign had centered on the promise of putting an end to the unrest in Donbas, which had been rumbling on for years. The increasing role of Russia in the conflict, through supporting rebels financially and with volunteer Russian soldiers, had complicated and escalated fighting, and many Ukrainians were weary of the impact of internally displaced people that it caused.

    By all accounts, Zelenskyy went into Paris believing that he could make a deal with Putin.

    “I want to return with concrete results,” Zelenskyy said just days before meeting Putin. By then, the Ukrainian president’s only contact with Putin had been over the phone. “I want to see the person and I want to bring from Normandy understanding and feeling that everybody really wants gradually to finish this tragic war,” Zelenskyy said, adding, “I can feel it for sure only at the table.”

    One of Putin’s main concerns going into the talks was the lifting of Western sanctions imposed in response to the annexation of Crimea.

    But the Russian president also wanted to keep Russia’s smaller neighbor under its influence. Ukraine gained independence after the fall of the Soviet Union in 1991. But in the early years of the new century, Russia began to exert increasing influence over the politics of its neighbor. This ended in 2014, when a popular revolution ousted pro-Russian Ukrainian President Viktor Yanukovych and ushered in a pro-Western government.

    More than anything, Russia wanted to arrest this shift and keep Ukraine out of the European Union and NATO.

    Those desires – Ukraine’s to end the war in Donbas, and Russia’s to curb the West’s involvement in Ukraine – formed the parameters for the Normandy talks.

    And for some time, there appeared to be momentum to find compromise. French President Emmanuel Macron said that the 2019 Paris talks had broken years of stalemate and relaunched the peace process. Putin’s assessment was that the peace process was “developing in the right direction.” Zelenskyy’s view was a little less enthusisastic: “Let’s say for now it’s a draw.”

    Talking past each other

    Yet the Putin-Zelenskyy meeting in 2019 ultimately ended in failure. In retrospect, both sides were talking past each other and could not reach agreement on the sequencing of key parts of the peace plan.

    Zelenskyy wanted the security provisions of the Minsk accords, including a lasting ceasefire and the securing of Ukraine’s border with Russia, in place before proceeding with regional elections on devolving autonomy to the regions. Putin was adamant that the elections come first.

    The success of the Normandy talks were also hindered by Putin’s refusal to acknowledge that Russia was a party to the conflict. Rather, he framed the Donbas conflict as a civil war between the Ukrainian government and the rebels. Russia’s role was simply to push the rebels to the negotiating table in this take – a view that was greeted with skepticism by Ukraine and the West.

    As a result, the Normandy talks stalled. And then in February 2022, Russian launched its full-scale invasion of Ukraine.

    Way forward today?

    The nascent negotiations between Ukraine and Russia that began in Istanbul in May 2025 represent the first real attempt to bring high-level delegations of both sides together since 2019.

    Many of the same challenges remain. The talks still revolve around the issues of security, the status of Donetsk and Luhansk, and prisoner exchanges – that last point being the only one in which common ground appears to be found, both in 2019 and now.

    But there are major differences – not least, three years of actual direct war. Russia can no longer deny that it is a party of the conflict, even if Moscow frames the war as a special military operation to “denazify” and demilitarize Ukraine.

    And three years of war have changed how the questions of Crimea and the Donbas are framed.

    In the Normandy talks, there was no talk of recognizing Russian control over any Ukrainian territory. But recent U.S. efforts to negotiate peace have included a “de-jure” U.S. recognition of Russian control in Crimea, plus “de-facto recognition” of Russia’s occupation of nearly all of Luhansk oblast and the occupied portions of Donetsk, Kherson and Zaporizhzhia.

    Another major difference between the negotiation process then and now is who is mediating.

    The Normandy negotiations were led by European leaders – German Chancellor Angela Merkel and President Macron of France. Throughout the whole Normandy talks process, only Germany, France, Ukraine and Russia were involved as active participants.

    Today, it is the United States taking the lead.

    And this suits Putin. A constant issue for Putin of the Normandy talks was that Germany and France were never neutral mediators.

    In President Donald Trump, Putin has found a U.S. leader who, at least at first, appeared eager to take on the mantle from Europe.

    But like the Europeans involved in the Normandy talks, Trump too is encountering similar barriers to any meaningful progress.

    Members of Ukrainian and Russian delegations attend peace talks on June 2, 2025, in Istanbul.
    Turkish Ministry of Foreign Affairs via Getty Images

    The Istanbul negotiations on May 16, 2025, were less productive than many people hoped. A proposed 30-day ceasefire agreement didn’t come to fruition; instead the parties agreed on a prisoner-exchange deal. Follow-up talks on June 2 ended after barely an hour, according to Turkish officials. Again, one point agreed on was a prisoner swap.

    The Paris peace talks, too, led to a prisoner exchange – but little more. It appears that getting the leaders of Ukraine and Russia to agree on anything more ambitious is as elusive now as it was when Putin and Zelenskyy met in 2019.

    The views expressed in this article represent the personal views of the author and are not necessarily the views of the Department of Defense or of the Department of the Air Force.

    ref. Even if Putin and Zelenskyy do go face-to-face, don’t expect wonders − their one meeting in 2019 ended in failure – https://theconversation.com/even-if-putin-and-zelenskyy-do-go-face-to-face-dont-expect-wonders-their-one-meeting-in-2019-ended-in-failure-257093

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Suspected people-smuggling gang arrested in nationwide crackdown

    Source: United Kingdom – Executive Government & Departments

    News story

    Suspected people-smuggling gang arrested in nationwide crackdown

    Six people have been arrested on suspicion of facilitating illegal entry of hundreds of migrants in dawn strikes by Immigration Enforcement across the UK

    A suspected organised crime boss and his associates have been arrested for allegedly facilitating hundreds of Botswana nationals into the UK illegally, as part of a surge in law enforcement activity to take down people-smuggling gangs.

    In the early hours of Tuesday 3 June, five men and one woman were arrested in strikes across the country in Cheltenham, Manchester, Nottingham, Sheffield and Bradford. The lead suspect, a 37-year-old Botswana national, was arrested in Cheltenham on suspicion of assisting and planning the illegal entry of other migrants from Botswana into the UK.

    The suspected criminal gang is believed to have facilitated the entry of more than 200 Botswana nationals into the UK illegally over a two-year period, leading them into a life of fraud and exploitation. Once in the country, it is believed they assisted in submitting false asylum claims using fake documents in order to fraudulently legalise the migrants stay in the country. They are also believed to have assisted the migrants with illegal employment in care homes, working with the most vulnerable without adequate training or medical expertise.

    Officers acted on intelligence that suggested the lead people smuggler was exploiting the individuals he lured here under false pretences, forcing them to do unpaid work.

    Organised criminal gangs often use cruel tactics to control their beneficiaries, with victims often subject to debt bondage at the hands of the gangs who trap them in unsafe situations in order to fill their pockets.

    The arrests come as part of the latest initiative under this government’s Plan for Change to bear down on the criminal gangs profiting at the expense of vulnerable individuals and restore order to the asylum system. Since the election almost 30,000 people with no right to be here have been returned – a 12% increase compared to the same period 12 months ago. Illegal working visits and arrests are also up by more than 40%

    This government’s Border Security, Asylum and Immigration Bill will go further than ever before to protect the UK’s borders and strengthen the wider immigration and asylum system, including protecting it against abuse from criminal gangs. New counter terror-style powers will be introduced to smash the smuggling gangs before they have a chance to act.

    Security Minister, Dan Jarvis said:

    I want to commend the dedication and professionalism of our criminal investigators and Immigration Enforcement officers for these significant arrests. Their tireless efforts have disrupted criminal networks that profit from exploiting vulnerable individuals and undermining our immigration system.

    This operation demonstrates that we will use the full force of the law against those who facilitate illegal entry into the UK for exploitation. Our enforcement teams work day and night to protect our borders and communities from harm, and this successful operation is testament to their commitment.

    The government remains resolute in our approach to tackle illegal migration and the criminal enterprises that enable it, and through our Plan for Change will continue to restore order to the asylum system that collapsed in recent years.

    Immigration Enforcement Criminal and Financial Investigations lead, Phillip Parr said:

    This is one of our highest priority investigations due to the scale of the threat, the number of people believed to be involved, the immense harm these victims are potentially at risk of, and the amount of financial gain the suspects stand to make.

    I’m immensely proud of my team’s coordinated and targeted approach in this operation. We’ve not only disrupted this criminal network but also safeguarded potentially hundreds of individuals from further exploitation and harm. This operation demonstrates the power of partnership working in tackling complex organised crime.

    There is no place for those who profit from human misery, and we will continue to use all available powers to pursue and prosecute those involved in these despicable crimes.

    This government is tightening UK visa controls and building a more sustainable workforce, reducing reliance on overseas workers, as set out in the immigration white paper in May. The strategy contains new financial measures, penalties or sanctions, including for sponsors of migrant workers or students where there is evidence of abuse. New measures already in effect require care providers in England to prioritise recruiting international care workers who are already in the UK and seeking new employment.

    Updates to this page

    Published 3 June 2025

    MIL OSI United Kingdom

  • MIL-OSI: Western New England Bancorp, Inc. Announces Completion of 2024 Repurchase Plan

    Source: GlobeNewswire (MIL-OSI)

    WESTFIELD, Mass., June 03, 2025 (GLOBE NEWSWIRE) — Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that on May 30, 2025, the Company completed all repurchases under its existing stock repurchase plan (the “2024 Repurchase Plan”) at an average price per share of $8.79. The 2024 Repurchase Plan authorized the Company to repurchase a total of 1.0 million shares of the Company’s common stock, or approximately 4.6% of the Company’s then-outstanding shares of common stock. The Board of Directors authorized the 2024 Repurchase Plan on May 21, 2024.

    On April 22, 2025, the Board of Directors of the Company authorized a new stock repurchase plan, pursuant to which the Company may repurchase up to 1.0 million shares, or approximately 4.8% of the Company’s outstanding shares of common stock, upon the completion of the 2024 Repurchase Plan.

    James C. Hagan, President and Chief Executive Officer, commented, “We are pleased to announce the completion of our 2024 Repurchase Plan. We believe that share repurchases are a prudent use of the Company’s capital and demonstrate our commitment to effectively manage the Company’s capital levels, while increasing total shareholder returns through stock repurchases as well as cash dividends.”

    The Company may repurchase shares from time to time in open market transactions or through privately negotiated transactions at the Company’s discretion or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The amount, timing and nature of any share repurchases will be based on a variety of factors, including the trading price of the Company’s common stock, applicable securities laws restrictions, regulatory limitations and market and economic factors. The repurchase program may be modified, suspended or discontinued at any time, at the Company’s discretion.

    About Western New England Bancorp, Inc.

    Western New England Bancorp, Inc. is a Massachusetts-chartered stock holding company and the parent company of Westfield Bank, CSB Colts, Inc., Elm Street Securities Corporation, WFD Securities, Inc. and WB Real Estate Holdings, LLC. Western New England Bancorp, Inc. and its subsidiaries are headquartered in Westfield, Massachusetts and operate 25 banking offices throughout western Massachusetts and northern Connecticut. To learn more, visit our website at www.westfieldbank.com.

    Forward-Looking Statements

    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, with respect to the Company’s financial condition, liquidity, results of operations, future performance, and business. Forward-looking statements may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” and “potential.” Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition, results of operations and business that are subject to various factors which could cause actual results to differ materially from these estimates. 

    Although we believe that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from the results discussed in these forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors discussed under the caption “Risk Factors” in Western New England Bancorp’s Annual Report on Form 10-K for the year ended December 31, 2024 and in its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. We do not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by law.

    For further information contact:
    James C. Hagan, President and Chief Executive Officer
    Guida R. Sajdak, Executive Vice President and Chief Financial Officer
    Meghan Hibner, First Vice President and Investor Relations Officer
    413-568-1911

    The MIL Network

  • MIL-Evening Report: In the trade wars, there are lessons for the US from Brexit. Australia and our trading partners should take note

    Source: The Conversation (Au and NZ) – By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Director of the Jean Monnet Centre of Trade and Environment, University of Adelaide

    General_4530/Getty

    While the Trump administration’s on-again, off-again trade wars wreak havoc on the business plans of the world’s exporters, the risks to the global economy continue to grow.

    The self-inflicted scale of disruption to global trade patterns is enormous. Yet there are echoes with the United Kingdom’s experience of Brexit, both for the United States economy now and its trading partners worried about their trading futures.

    Fortunately, while it is painful, Trump’s push toward economic isolationism brings opportunities for other trading nations to strengthen their ties.

    This is especially the case in our Indo-Pacific region, where Australia is looking to new trade partners and deepening existing ties.

    The economic consequences of Brexit

    The UK economy is relatively diminished since 2016, when David Cameron, as Prime Minister, called the Brexit referendum on whether to leave the European Union.

    A study of UK businesses found three key impacts in the three years before formal Brexit took place in 2020:

    1. the UK’s decision to leave the European Union generated major, sustained, uncertainty for the business community. Since business invests and trades, that was highly consequential
    2. anticipation of Brexit gradually reduced investment by about 11% between 2016 and 2019
    3. Brexit reduced UK productivity by between 2% and 5%.

    A new report establishes that since 2020, when formal Brexit took place, the UK is experiencing its worst trade slump in a generation. This decline contrasts with growing trade in other industrial nations, indicating the COVID pandemic was not to blame.

    Harsh lessons in bargaining power

    The EU did not change to suit the UK. Rather, because of the EU’s influential role in regulation known as the “Brussels effect”, the UK must realign with EU standards to win back market access.

    For decades, the UK had ceded its trade bargaining capacity to Brussels. It was always on the back foot as its inexperienced negotiators locked horns with seasoned EU trade diplomats.

    The British also learned that outside the EU, their relative trade bargaining power, as well as foreign policy prestige, was much diminished. Many countries focused on dealing with the EU without the UK’s involvement.

    Overall, it is difficult to escape the conclusion that Brexit hastened the UK’s inexorable transformation from “Great” to “Little” Britain.

    MAGA echoes

    The Brexiteers were motivated by free trade and the belief EU trade policies prevented the UK from more liberalisation.

    Trump’s decision to disentangle the US from world trade is motivated by protectionist desires, in the mistaken belief blocking imports will “Make America Great Again”.

    Like the Brexiteers, Trump will find business confidence will diminish and the US economy will be worse off. Data this week showed US manufacturing contracted for the third straight month in May amid tariff-induced supply chain delays.

    Just like the UK, US economic decline relative to its trading partners will accelerate.

    Obviously, a huge difference between British folly and US hubris is that the US has market and geopolitical power in most of its bilateral negotiations, whereas the UK did not.

    Yet, whereas the Trump administration assumes the US is the more powerful party in all reciprocal tariff negotiations, it is now learning that some major trading powers (China, the EU, India), and even some middle powers (Canada, Mexico, Australia), will not simply roll over when faced with overt coercion.

    Moreover, as Great Britain learned to its cost, the US will find its soft power rapidly diminishing, and foreign policy objectives more difficult to attain. US allies, while in some cases in need of weaning themselves from over-dependence on the US military umbrella, are now actively hedging their security bets.

    What should trading partners do?

    There is an opening for Australia to seize the moment with new trade partnerships, and by deepening existing relationships.

    We have a golden opportunity in our chairmanship of the 12-nation Comprehensive and Progressive Agreement for Trans Pacific Partnership group this year.

    This high-standards, deeply liberalising, trade agreement is a gold standard template to anchor our global trading partnerships. Members include Canada, Japan, Mexico, Singapore and the UK and representatives will be meeting in Brisbane next week.

    Specifically, Australia, our trans-Pacific partners and the EU need to agree to work collaboratively to converge on modern trade rules and support for free trade. Then take those accords into the World Trade Organization to strengthen and revitalise the institution, with or without the US.

    In addition, we need to quickly conclude both the stalled bilateral free-trade agreement with the EU, and the second phase of our trade agreement with India. This would cement two huge new markets of sufficient existing (EU) and potential (India) scale to rival both the US and Chinese markets.

    Finally, we need to double down on our existing trade partnerships with Southeast Asian countries, anchoring on the 10-member Association of Southeast Asian Nations (ASEAN). This will bolster ASEAN-centrality in regional trade arrangements and balance both US withdrawal and China’s advance into the region.

    While this will not be easy, the effort has to be made and needs to start now.

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

    ref. In the trade wars, there are lessons for the US from Brexit. Australia and our trading partners should take note – https://theconversation.com/in-the-trade-wars-there-are-lessons-for-the-us-from-brexit-australia-and-our-trading-partners-should-take-note-257555

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI NGOs: Historic Forest Congress ends with pressing demands from Indigenous Peoples and Local Communities

    Source: Greenpeace Statement –

    Brazzaville, Republic of Congo – In a show of unity, Indigenous Peoples and Local Communities (IPLCs) from the world’s largest tropical forest basins, the Amazon, Congo, Borneo-Mekong-Papua and Mesoamerica, have concluded their first-ever global congress with an urgent call for protection, recognition and respect for the forests as well as the provision of direct access funds for the communities.

    These four regions, often described as the lungs of the planet, are home to over two-thirds of the Earth’s remaining tropical forests and serve as critical carbon sinks in the fight against climate change. They also  host immense biodiversity and provide life-sustaining ecosystems for hundreds of millions of people. At the heart of these forests are Indigenous Peoples and local communities who are the custodians of these forests having protected and lived in harmony with these ecosystems for generations.

    Over five days in Brazzaville, the forest custodians from across South America, Central Africa, Southeast Asia, and Mesoamerica came together to share experience and knowledge, place the spotlight on their struggles, and unite their voices. The congress culminated in a joint declaration demanding urgent global actions  to protect their land  rights and traditional knowledge, and their informed consent in decision-making, and  ensure direct access to finance.  .

    Greenpeace proudly stood in solidarity with these communities, calling for concrete measures  to recognize and support  Indigenous people’s leadership in forest protection, biodiversity restoration and the fight against climate change

    “What we witnessed in Brazzaville was more than a gathering, it was a unified awakening,” said Dr. Lamfu Yengong, Forest Campaign Lead at Greenpeace Africa. “This congress laid the ground for an emerging global alliance rooted in ancestral wisdom, justice, and the urgency of climate action. The road to COP30 must now consider those voices that have long been ignored”.

    This Congress was a historic moment for Indigenous Peoples and local communities from the  major forest basins to unite and shape a common vision  for transformative change in national and international policies on forest protection, land rights, and direct access to  finance. We echo their call: Respect, recognize, and protect their rights—not only as a call for justice, but as a condition for the planet’s survival.” said Bonaventure Bondo, Forest Campaigner at Greenpeace Africa. 

    “Our knowledge and stewardship are central to the health of the planet,” added Valentine Engobo, an Indigenous leader from Lokolama in the Congo Basin. “We look forward to seeing these commitments translate into tangible actions, especially at COP30, where our voices must  be heard and our rights recognized.”

    From the Amazon to the Papua, Indigenous leaders echoed a resounding message: protecting forests means respecting the people who protect them.

    “Indigenous peoples are the true custodians of the Amazon rainforest,” said Romulo Batista, Senior Campaigner at Greenpeace Brazil. “We call on world leaders to honour their role in combating climate change and protecting our territories.”

    “This first congress leaves a great legacy, which is the dialogue and articulation at a global level of Indigenous Peoples and Local Communities,” said Mario Nicacio, Member of the supervisory board of the Podaali Indigenous Fund. “While discussing common problems, we discussed solutions, access to natural resources, our territories and access to direct funding for our funds and organisations.”

    “The Borneo-Mekong and Papua’s forests are vital to climate stability,” said Amos Sumbung, Forest Campaigner at Greenpeace Southeast Asia. “But our communities can’t do it alone, We need genuine international backing.”

    “This is just the beginning,” said Troyanus Kalami, an Indigenous leader from Moi, in the Papua region. “Our territories must be respected, and our wisdom must help shape the future of global climate solutions.”

    The Congress culminated in  a historic Declaration, a collective document outlining the priorities, demands, and commitments of these communities in response to the escalating climate and biodiversity crises. The Declaration urgently calls for the legal recognition and protection of Indigenous territories, direct financing for local communities, and full participation in environmental and climate governance. Here are the key outcomes of the final Declaration:

    • Territorial Recognition and Protection – A global call for governments to legally recognise and uphold Indigenous land rights, including for peoples in voluntary isolation;
    • End to Criminalisation and Violence – A strong appeal for an international convention to protect environmental human rights defenders and to stop persecution of Indigenous leaders;
    • Full and Effective Participation – A demand for the inclusion of women, youth, and community representatives in climate and environmental decision-making processes ;
    • Direct and Transparent Financing – A request for at least 40% of climate and biodiversity finance to go directly to Indigenous and local community organisations, without intermediaries. 
    • Moratorium on Destructive Activities – A demand to halt fossil fuel extraction, large-scale agribusiness, and mining projects on Indigenous lands.;
    • Call to Global Action Towards COP30 A formal request for the President of the Republic of Congo to host a high-level dialogue among forest basin countries during COP30.

    Greenpeace Africa affirms that this congress marks a watershed moment, serving as a turning point in the struggles of Indigenous Peoples and Local Communities  not to be any longer sidelined in decision-making but recognised as custodians and leaders of global forest protection and climate action.

    END

    Contacts

    Raphael Mavambu, Media and Communications, [email protected], Greenpeace Africa

    MIL OSI NGO

  • MIL-OSI NGOs: Greenpeace USA’s “Dirty Dems” called out in Capitol Rotunda 

    Source: Greenpeace Statement –

    SACRAMENTO, CA (June 3, 2025)—Today, as legislators are in session moving bills toward key legislative deadlines, Greenpeace USA activists deployed banners in the Capitol Rotunda naming nine Democrats who take large sums of money from the oil and gas industry and receive failing grades on progressive issues. Activists also took to the Legislative Swing Space, hand-delivering letters, posting flyers, and handing out postcards – reminding all legislators that their corporate donors and voting records are matters of public interest. 

    These activities in the Capitol come as a continuation of Greenpeace USA’s ongoing “Dirty Dems” campaign, a collaboration with California Working Families Party and Courage California that holds California State legislators accountable for their damaging connections to the oil and gas industry and their failure to support critical climate, economic justice, and progressive priorities.

    Photos from today’s event will be available at this link [later this evening]. 

    Amy Moas, Ph.D., Greenpeace USA Senior Climate Campaigner, said: “Today, we’re in Sacramento putting legislators on notice – the Assembly Members and Senators who take the most money from the oil and gas industry and have a poor voting record on progressive issues will be exposed. Real leadership is about accountability to California’s communities who are suffering in the face of the mounting climate crisis – not to the corporate donors writing checks. 

    “The Dirty Dems we’ve named have turned their backs on the people who elected them. But by no means are they the only culprits in California’s Legislature selling out their communities to corporate donors instead of protecting them. There are elected officials on both sides of the aisle who must do better – everyone in Sacramento needs to put communities first.  

    “The toxic oil and gas industry continues to make record profits while we suffer the costs. Every dollar these legislators take from corporate cronies contributes to bigger wildfires, hotter heatwaves, more climate devastation, and more harm to our most vulnerable communities. We need brave bold action from our legislators to address the climate crisis. It is time the polluters who created this mess pay to clean it up.”   

    “Dirty Dems” Class of 2025

    Nine legislators have been named in the “Dirty Dems” Class of 2025: Jasmeet Bains, Mike Gipson, Melissa Hurtado, Stephanie Nguyen, Blanca Pacheco, James Ramos, Blanca Rubio, Susan Rubio, and Esmeralda Soria. You can read more about each of their campaign donations and voting records here

    Holding the Legislators Accountable

    Thousands of candidates and elected officials have already signed what’s known as the “No Fossil Fuel Money Pledge,” showing that people who refuse to take corporate donations can – and will – win. Find out more about the pledge and those who have already signed here

    ###

    Contact: Greenpeace USA, [email protected]

    Greenpeace USA is part of a global network of independent campaigning organizations that use peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future. Greenpeace USA is committed to transforming the country’s unjust social, environmental, and economic systems from the ground up to address the climate crisis, advance racial justice, and build an economy that puts people first. Learn more at www.greenpeace.org/usa.

    MIL OSI NGO

  • MIL-OSI USA: In first-of-its-kind initiative, California deploys mobile air monitoring to protect underserved communities from pollution

    Source: US State of California Governor

    Jun 3, 2025

    What you need to know: The state will use specially equipped vehicles to collect block-by-block air quality data in 64 communities heavily burdened by pollution. The results will help create local solutions to improve air quality and public health. 

    SACRAMENTO – While the Trump administration rolls back pollution protections across the country, Governor Gavin Newsom today announced the launch of California’s Statewide Mobile Monitoring Initiative (SMMI), a first-of-its-kind program delivering hyper-local air pollution data to guide air quality improvement efforts in California.

    “While the federal government threatens to take us back to the days of smoggy skies and clogged lungs, California continues to lead the way. We’re deploying first-of-their-kind vehicles to monitor pollution levels at a block-by-block level, delivering critical air quality information to communities across the state.”

    Governor Gavin Newsom

    Starting in June, the pilot project will deploy mobile air monitoring equipment to 64 communities throughout the state, with a particular focus on communities that have long faced environmental disparities. The project spearheaded by the California Air Resources Board (CARB) will use sensor-equipped vehicles from Aclima and mobile laboratories operated by researchers from the University of California, Berkeley, University of California, Riverside, and Aerodyne to collect and analyze data on local pollution levels.

    The initiative is part of California Climate Investments, a statewide effort that puts billions of Cap-and-Invest dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment — particularly in disadvantaged communities.

    More than 60% of the mobile monitoring will serve priority populations, including low-income communities and communities facing disproportionate pollution burdens. The 64 communities were consistently nominated for focused action under the Community Air Protection Program, underscoring the state’s commitment to protecting the health of Californians in areas most burdened by air pollution.

    “By meeting communities where they are and listening to their concerns, we’re building an air quality monitoring system that integrates the lived experiences of the people most impacted by air pollution,” said CARB Executive Director Dr. Steven Cliff. “The Statewide Mobile Monitoring Initiative represents an unprecedented opportunity to gather the detailed information we need to better protect public health in neighborhoods that have historically borne the brunt of environmental injustice.”

    Monitoring will take place in the 64 communities over the next year. The project is expected to end in June 2026, when the collected data will become publicly available.  Final results will be shared with the 64 communities, the general public, and the Board. CARB, local air districts, stakeholders, and community stakeholders will use the data to help guide efforts to address existing and emerging pollution concerns. The data is also expected to inform future regulatory programs, academic research, and applications for grants such as the Community Air Grants Program.

    The program is guided by a robust community engagement framework. More than 40 community-based organizations across California have partnered with CARB to identify local air quality concerns and ensure community voices shape monitoring efforts from the ground up. 

    California’s clean air leadership

    Over the last 50 years, the state’s clean air efforts have saved $250 billion in health costs through reduced illness and reduced diesel-related cancer risk by nearly 80 percent.

    The state continues to set clean energy records. Last year, California ran on 100% clean electricity for the equivalent of 51 days – with the grid running on 100% clean energy for some period two out of every three days. Since the beginning of the Newsom Administration, battery storage is up to over 15,000 megawatts – a 1,900%+ increase.

    Press releases, Recent news

    Recent news

    News To the People of California,Recent years have seen a troubling spike in reported hate crimes and manifestations of bigotry. In response, California launched a robust anti-hate agenda that includes significant investments and actions to support and protect all the…

    News SACRAMENTO – Governor Gavin Newsom and Acting Governor Eleni Kounalakis issued the following statement regarding the death of Baldwin Park Police Department Officer Samuel Riveros:“We mourn the tragic loss of one of California’s brave law enforcement officers,…

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 2025, as “Mental Health Awareness Month.”The text of the proclamation and a copy can be found below: PROCLAMATIONDuring Mental Health Awareness Month, we recognize the…

    MIL OSI USA News

  • MIL-OSI: Orange County Bancorp, Inc. Launches Public Offering of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., June 03, 2025 (GLOBE NEWSWIRE) — Orange County Bancorp, Inc. (the “Company” – Nasdaq: OBT), parent company of Orange Bank & Trust Company, (the “Bank”) and Hudson Valley Investment Advisors, Inc. (“HVIA”), today announced it launched an underwritten public offering of shares of its common stock. The Company also expects to grant the underwriters a 30-day option to purchase additional shares of its common stock.

    The Company plans to use the net proceeds from the offering for general corporate purposes, which may include investments in the Bank supporting continued growth, augmenting regulatory capital and liquidity and providing for potential strategic acquisitions. The Company has no current plans, arrangements or understandings relating to any specific acquisition or similar transaction.

    Piper Sandler & Co. and Stephens Inc. are serving as joint book-running managers.

    The Company has filed with the Securities and Exchange Commission (the “SEC”) a shelf registration statement (including a prospectus) on Form S-3 (File No. 333-280793) and a preliminary prospectus supplement for the offering to which this press release relates. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus, including the information incorporated by reference therein, and the other documents we have filed and will file with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Electronic copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, or by phone at 1-800-747-3924, or by email at prospectus@psc.com, or Stephens Inc., 111 Center Street, Little Rock, AR 72201, or by phone at 1-800-643-9691.

    This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy these securities, 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.   The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus relating thereto.

    About Orange County Bancorp, Inc.

    Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.6 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012.

    Forward-Looking Statements

    The information disclosed in this press release includes various forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “anticipates,” “projects,” “intends,” “estimates,” “expects,” “believes,” “plans,” “may,” “will,” “should,” “could,” and other similar expressions are intended to identify such forward-looking statements. The Company cautions that these forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from such forward-looking statements. Accordingly, you should not place undue reliance on forward-looking statements. In addition to the specific risk factors disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the following factors, among others, could cause actual results to differ materially and adversely from such forward-looking statements: those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, tariffs, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

    For further information:
    Michael Lesler
    EVP & Chief Financial Officer
    mlesler@orangebanktrust.com
    Phone: (845) 341-5111

    The MIL Network

  • MIL-OSI: Gevo Promotes Lindsay Fitzgerald to Chief Advocacy and Communications Officer

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., June 03, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) announced today the promotion of Lindsay Fitzgerald to Chief Advocacy and Communications Officer, effective immediately.

    In this expanded leadership role, Ms. Fitzgerald will focus on advancing Gevo’s mission to strengthen American energy and food security by unlocking the full value of U.S. agriculture and rural communities. She continues to drive policy advocacy and public communications that support cost-effective, American-made hydrocarbon fuels and chemicals, while building free-market solutions for carbon abatement and economic growth. Her efforts help bolster U.S. agriculture as the most sustainable in the world, while opening new markets for farmers, innovators, and domestic manufacturing.

    “Lindsay’s leadership is about moving business forward,” said Dr. Patrick R. Gruber, Chief Executive Officer of Gevo. “She understands that real-world solutions require practical policies and clear messaging. Her work supports energy independence, job creation, and market-based carbon strategies that align with American interests.”

    Since joining Gevo in 2021, Ms. Fitzgerald has held key leadership roles, including Executive Vice President of Corporate Affairs and Vice President of Government Relations. Her nearly 20 years of experience span the U.S. Environmental Protection Agency, the Clean Fuels Alliance America, and Renewable Energy Group, where she built and led successful policy strategies to support clean fuels, rural jobs, and domestic energy production. Ms. Fitzgerald also serves as Chair of the Low Carbon Fuels Coalition, where she advocates for market-driven fuel policies that enable private-sector innovation across state and federal jurisdictions.

    With this promotion, Gevo reinforces its commitment to delivering real value through energy innovation, carbon abatement that works for business, and American-grown resources.

    About Gevo

    Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including synthetic aviation fuel (“SAF”), motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. Gevo also operates an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo’s market-driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

    For more information, see www.gevo.com.

    Forward-Looking Statements
    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the promotion of Lindsay Fitzgerald, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

    Media Contact
    Heather L. Manuel
    VP, Stakeholder Engagement & Partnerships
    PR@gevo.com

    IR Contact
    Eric Frey
    VP, Finance & Strategy
    IR@Gevo.com

    The MIL Network

  • MIL-OSI: Nasdaq Reports May 2025 Volumes

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for May 2025 on its Investor Relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

    About Nasdaq

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

    Cautionary Note Regarding Forward-Looking Statements
    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections relating to our future financial results, total shareholder returns, growth, trading volumes, products and services, ability to transition to new business models, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions, divestitures and other strategic, restructuring, technology, de-leveraging and capital allocation initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

    Media Relations Contacts:

    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    -NDAQF-

    The MIL Network

  • MIL-OSI: AGM Group Holdings Inc. Announces Completion of 50 for 1 Share Consolidation

    Source: GlobeNewswire (MIL-OSI)

    Beijing, June 03, 2025 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, announced that on June 3, 2025 (the “Effective Date”), it completed the consolidation (the “Consolidation”) of the ordinary shares of the Company (the “Shares”) on the basis of 50 pre-Consolidation Shares for every one (1) post-Consolidation Share.

    The Company’s ordinary shares began trading on a post-Consolidation basis at market open on June 3, 2025.

    As a result of the Consolidation, the Company’s total issued and outstanding Class A ordinary shares have been reduced from 98,713,955 Class A ordinary shares with a par value of US$0.001 each to approximately 1,974,279 Class A ordinary shares with a par value of US$0.05 each. The Company’s total issued and outstanding Class B ordinary shares have been reduced from 2,100,000 Class B ordinary shares with a par value of US$0.001 each to approximately 42,000 Class B ordinary shares with a par value of US$0.05 each.

    As stated in the Company’s press release announcing the Consolidation dated May 29, 2025, no fractional shares have been issued to any shareholders in connection with the Consolidation, and any fractional shares which resulted from the Consolidation have been rounded down to the next whole number and the Company has made a cash payment (without interest) to all the holders of Class A Ordinary Shares and Class B Ordinary Shares equal to such fraction multiplied by the average of the closing sales prices of the ordinary shares on Nasdaq during regular trading hours for the five consecutive trading days immediately preceding the first trading day of the Consolidation (with such average closing sales prices being adjusted to give effect to the Consolidation) subject to a de minimums. The Consolidation affected all shareholders uniformly and did not alter any shareholder’s percentage interest in the Company’s ordinary shares, except for adjustments that may result from the treatment of fractional shares.

    Trading in the Class A ordinary shares continues on the Nasdaq Capital Market, under the same symbol “AGMH” but under a new CUSIP Number, G0132V121.

    Registered shareholders who hold physical Share certificates will receive a letter of transmittal requesting that they forward pre-Consolidation Share certificates to the Company’s transfer agent, VStock Transfer, LLC in exchange for new Share certificates representing Shares on a post-Consolidation basis. Shareholders who hold their Shares through a broker or other intermediary and do not have Shares registered in their own name will not be required to complete a letter of transmittal.

    About AGM Group Holdings Inc.

    AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    AGM Group Holdings Inc.
    Email: ir@agmprime.com
    Website: http://www.agmprime.com

    Ascent Investor Relations LLC
    Tina Xiao
    President
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    The MIL Network

  • MIL-OSI USA: VIDEO: Rep. Stansbury Votes No on GOP Tax Bill after 29-hour Fight

    Source: United States House of Representatives – Representative Melanie Stansbury (N.M.-01)

    GOP bill guts healthcare, food assistance for millions to fund permanent tax breaks for billionaires

    WASHINGTON, D.C. — Congresswoman Melanie Stansbury (NM-01) released the following statement after House Republicans narrowly passed their H.R. 1 tax bill by one vote after 29 straight hours of debate.  

    Watch Rep. Stansbury break down the bill here and here. 

    “Today, the GOP showed who they’re really fighting for in passing a shameful package that will strip millions of veterans, working families, and children of access to healthcare and food assistance—in order to provide permanent tax breaks to billionaires.  In so doing, nearly 14 million Americans will lose access to healthcare, 18 million children will lose access to food assistance and school meals, and millions of seniors will be impacted by cuts to Medicare.

    “This is not what the American people voted for and the GOP knows it, which is why they tried to sneak this bill through in the dead of night—not once, but twice.  Democrats laid it all on the line to stop this bill and its devastating impacts, filing over 500 amendments and working through the night for 29 straight hours. Meanwhile, the GOP cut side deals and snuck in more last minute kickbacks for their wealthy friends and donors late into the night. But, the American people see what is happening, and this fight is far from over.  We will keep working to defeat this bill as it heads to the Senate using every tool we have.”

    H.R. 1 will have wide-ranging and devastating impacts on vulnerable families, the cost of living, and the environment:

    • Tax Breaks at the Expense of the Most Vulnerable. Gives massive permanent tax breaks to the ultra-wealthy through permanent income, estate, and corporate tax breaks on the backs of working Americans. With the 10% wealthiest Americans receiving a 2-4% increase in their income under the bill, and the poorest 10% of Americans seeing a net decrease of 2-4% in income. New Mexico families, who are among the lowest income in the country, will be among the hardest hit.

    • Healthcare. Will take access to healthcare away from over 13.7 million Americans through cuts to Medicaid, Medicare, and Affordable Care Act programs. Defunds Planned Parenthood and bans abortion care under private marketplace insurance. Will strip $880 billion from Medicaid and $500 billion from Medicare, decimating the healthcare economy, with potential hospital, healthcare, and nursing facility closures across the country—representing the largest cut in Medicaid and Medicare in American history. With nearly two thirds of New Mexicans receiving healthcare through Medicare and Medicaid, New Mexico families and healthcare providers will be especially impacted.

    • Food and Hunger.  Will gut access to food assistance and school meals for 18 million American kids, with potentially devastating impacts to over 3 million seniors, veterans and vulnerable families—representing the largest cut in SNAP programs in American history. With one in five kids in New Mexico experiencing food insecurity and one in five families receiving SNAP benefits, New Mexico will be devastated by these cuts.  

    • Education Programs. Guts access to education programs with 4 million students set to lose Pell Grant funding.  With New Mexico students being among the most low-income in the country, they will be particularly impacted by cuts to education assistance programs.

    • Corporate Giveaways. Sends billions of dollars in private contracts to defense contractors, private prisons, oil and gas companies, and big tech. With significant national security infrastructure in New Mexico, New Mexico installations are likely to see shift in security priorities. Funds for detention and attacks on due process in the bill could increase private prison contracts in New Mexico to incarcerate immigrant families. Decreases in oil and gas royalty rates in the bill, could reduce state revenues by nearly a half billion dollars a year—defunding key programs.

    • Decimates Protections for the Environment.  Guts key provisions of the National Environmental Policy Act and opportunities for the public, Tribal nations, and communities to protect their land and water.  Includes mandatory oil and gas leasing, mining, and logging giveaways on public lands, while gutting billions of dollars in investments in climate, clean energy, and land stewardship. New Mexico is specifically named for mandatory oil and gas lease sales.

    Increases the National Debt and Burdens on States. Is projected to add $3.7 to 5 trillion to the deficit over the next 10 years, representing the largest increase in deficit spending in American history. Shifts significant burden to cash-strapped states with billions of dollars in costs for healthcare and food programs pushed to states, while it cuts federal and state revenues through reductions in oil and gas royalties in a giveaway to industry.  

    H.R. 1 passed the House of Representatives in a 215 to 214 party line vote, with three Republicans abstaining from voting. The bill will now head to the U.S. Senate for further consideration. 

    ###

    MIL OSI USA News

  • MIL-OSI USA: June 03, 2025 Lawmakers Call for an Increase in Federal Funding toFully Support Urban Search & Rescue Efforts Washington, D.C. – A bipartisan coalition of lawmakers is calling for more robust federal support to help ensure that when a disaster strikes, members of the National Urban Search & Rescue Response System (US&R) can respond. These heroic task forces… Read More

    Source: United States House of Representatives – Representative Kevin Mullin California (15th District)

    Washington, D.C. – A bipartisan coalition of lawmakers is calling for more robust federal support to help ensure that when a disaster strikes, members of the National Urban Search & Rescue Response System (US&R) can respond. These heroic task forces deploy to communities across America that need additional help during dangerous crises like wildfires, hurricanes and building collapses, but their work has been underfunded for years.

    For the second year in a row, a coalition of lawmakers led by Representatives Kevin Mullin (CA-15), Young Kim (CA-40), and Jill Tokuda (HI-02) – and which has grown to over 40 members of Congress from across the country – are urging Congress to include a modest, but desperately-needed, $16 million increase for a total of $56 million in funding for US&R.

    America’s US&R Response System includes 28 task forces strategically located across 19 states, and are composed of highly-trained emergency personnel from local fire departments. They are expected to respond to devastating national disasters well beyond their border without commensurate funding from the Federal government to maintain their operations.

    US&R task force members respond to the 911 terrorist attacks in 2001.

    US&R has helped communities receive immediate, life-saving assistance during catastrophic events such as the Maui and Los Angeles wildfires, Hurricanes Milton and Katrina, the September 11 terrorist attacks, the Oklahoma City bombing, the Northridge Earthquake, and many other extreme crises. These task forces play a vital role in national disaster response efforts and the lawmakers are seeking full funding for the task forces in the Fiscal Year 2026 budget to properly support this heroic work. Last year, the House passed an Appropriations bill with the requested level of funding, but Congress ultimately did not pass full-year spending bills. They are repeating the effort this year.

    “Ensuring our US&R task forces are fully funded means ensuring communities across America can depend on them when disaster strikes,” said Rep. Kevin Mullin. “I’m proud that California Task Force 3 is based out of Menlo Park Fire in my congressional district. The time and effort that is put into hosting and maintaining a task force for deployment at a moment’s notice is no small task. These teams represent the gold standard in emergency response and provide lifesaving services to those who are experiencing an unfathomable emergency. Their readiness comes at a cost, and providing adequate federal funding will help us stay prepared and save lives.”

    “Urban Search and Rescue teams from across the country are often among the first to help communities and families during times of great loss. Nearly two years after the devastating Maui wildfires, I can still vividly recall US&R teams entering the burn zone while the ground was still hot enough to melt shoes,” said Rep. Jill Tokuda. “I will always be grateful for the comfort and closure they provided, which is why I’m so proud to have joined my colleagues Representatives Kevin Mullin and Young Kim in advocating for increased funding for the US&R system in this year’s appropriations bills. We never know when disaster will strike, but when it does, all Americans deserve to know that US&R will come to their aid.”

    “First responders need the proper resources to keep our communities safe during a major disaster, including deadly wildfires and flood events,” said Rep. Young Kim. “The National Urban Search and Rescue (US&R) Response System consists of 28 vital task forces made up of federal, state, and local emergency personnel who are on call for rapid deployment to provide emergency medical care and search collapsed buildings. I support our US&R task forces’ lifesaving work and appreciate Orange County Fire Authority Chief Fennessy’s leadership as Western Representative for 9 US&R task forces. I will do my part to protect this program that saves lives.”

    US&R task force members during Hurricane Katrina.

    US&R Leaders Speak Out for Federal Support

    “When disaster strikes, our US&R assets are the backbone of the response effort,” said Joseph R. Downey, Chief of Rescue Operations with Fire Department of the City of New York (NY-TF1), and US&R Task Force Representative-National. “With our extensive training and experience, we form a reliable and adaptable force that operates at the heart of every federal disaster response. New York City, with the largest Fire and Police Departments in the country, received much needed assistance from US&R task forces in response to the 9-11 attacks on the WTC and Hurricane Sandy. Our task forces have consistently gone above and beyond to support the mission, but the lack of funding is hindering our ability to respond effectively. With increased labor and equipment costs, along with the expansion of our mission scope and more frequent deployments, we need your help now more than ever.”

    “FEMA Urban Search and Rescue teams, sponsored by local government fire agencies like Menlo Park Fire Protection, provide vital, highly trained surge resources to communities that have been struck by catastrophic disasters,” said Mark Lorenzen, Fire Chief, Menlo Park Fire Protection District (CA-TF3). “They are critical in both life saving measures as well as helping move jurisdictions forward to recovery. The teams are struggling financially to cover increasing costs while federal funding lags well behind inflation. I am thankful for the bipartisan efforts of our legislators, including Rep. Kevin Mullin who helped lead this effort to bridge the funding gap to ensure our sustainability.”

    “Over the past eight months alone, California Task Force 5 (CA-TF5) activated on a wide range of incidents — from Hurricanes Helene and Milton on the east coast to the Palisades and Eaton Fires in Los Angeles — and on each deployment, the investments made in the program were returned beyond measure in the form of lives saved, families rescued, and communities protected,” said Brian Fennessy, Fire Chief of the Orange County Fire Authority (CA-TF5). “As the home of one of only 28 such task forces in the nation, we are grateful for the elected officials, including our own Rep. Young Kim, who not only recognize the program’s importance, but also work to secure increased funding to expand its life-saving services.”

    “Ohio Task Force 1 (OH-TF1) has been deployed by FEMA nearly 40-times in the past 25 years,” said Evan W. Schumann, OFE, Program Manager (OH-TF1).  “Our canine handlers and dogs have been deployed to such events as the State of Washington landslide in 2014, the Kentucky Flooding in 2022, and the Hawaii Wildland Fire. To remain ready to respond to any disaster, OH-TF1 spent 11,696 hrs. of training in 2023 and over 2,647 hrs. of service time (doing work without compensation). The associated personnel costs of OH-TF1’s 2023 activities were almost all uncompensated by federal funding and born on the backs of OH-TF1’s Participating Agencies or team members.  I am grateful to Reps. Mullin, Kim and Tokuda for leading the charge to increase funding for the Urban Search & Rescue program that will provide us greater support.”

    Read the full letter here.

    This letter was signed by Reps. Gabe Amo (RI-01), Becca Balint (VT-At Large), Wesley Bell (MO-1), Ami Bera (CA-6), Brendan Boyle (PA-2), André Carson (In-7), Emanuel Cleaver (MO-5), Jasmine Crockett (TX-30), Gabe Evans (CO-8), Brian Fitzpatrick (PA-1), Mike Flood (NE-1), Jared Golden (ME-2), Daniel Goldman (NY-10), Maggie Goodlander (KY-3), Julie Johnson (TX-32), William Keating (MA-9), Timothy Kennedy (NY-26), Jennifer Kiggans (VA-2), Young Kim (CA-40), John Larson (CT-1), Stephen Lynch (MA-8), Seth Magaziner (RI-2), Nicole Malliotakis (NY-11), Doris Matsui (CA-7), Dave Min (CA-47), Seth Moulton (MA-6), Kevin Mullin (CA-15), Jimmy Panetta (CA-19), Chris Pappas (NH-1), Scott Peters (CA-50), Brittany Pettersen (C0-7), Ayanna Pressley (MA-7), Maria Salazar (FL-27), Mary Gay Scanlon (PA-5), Greg Stanton (AZ-4), Suhas Subramanyam (VA-10), Jill Tokuda (HI-2), Lori Trahan (MA-3), Derek Tran (CA-45), Frederica Wilson (FL-24).

    ###

    MIL OSI USA News

  • MIL-OSI USA: Interview with Dave Des Marais

    Source: NASA

    Let’s start with your childhood, where you’re from, your family at the time, if you have siblings, your early years, and when it was that you became interested in what has developed into your career as an astrophysicist or research scientist?

    I was born in Richmond, Virginia in 1948, the youngest of four siblings – two brothers, a sister and myself. My father was a civil engineer for DuPont chemical company and designed HVAC systems for plants built in the late 30’s and early 40’s for the war effort. Our family moved around frequently back then, so my siblings and I were born in different states. When our father transferred to  DuPont headquarters in Wilmington, Delaware, we moved to nearby Kennett Square, Pennsylvania, about 30 miles southwest of Philadelphia. During my childhood, my participation in outdoor activities with the Boy Scouts and my motivation by excellent high school chemistry and physics teachers stimulated my interest in the natural sciences.

    I attended Purdue University in Indiana in part because Purdue had an excellent chemistry curriculum and because my second older brother, whom I had always admired, received his chemical engineering degree there. As an undergraduate, I was particularly fascinated by the periodic table of the elements and analytical chemistry. Experiences outside the classroom were also important.  I noticed that another student in my dormitory had a little miner’s carbide headlamp on his desk. He explored caves as a member of the Purdue Outing Club and invited me to join. When we took caving and climbing trips in southern Indiana, I developed a fascination with geology, particularly about how caves form and about rocks generally. This kindled my interest in geochemistry, which ultimately guided my choices of graduate school and career. Three factors led to my decision in 1970 to attend Indiana University. One was IU’s strong geology and geochemistry programs. I also wanted to remain as near as possible to Shirley, my future spouse. The third reason was to continue exploring caves!

    While at IU I indeed continued cave exploration. I joined the Cave Research Foundation (CRF), which maps caves and supports research in the national parks, particularly in Mammoth Cave, Kentucky, which is the longest cave in the world, with 250 miles of mapped passageways. My involvement with CRF deepened my interest in other aspects of geology and geochemistry.

    My NASA connection began when Dr. John Hayes became my graduate advisor in geochemistry. Hayes’ graduate dissertation had addressed organic compounds in meteorites. He was also involved with the Viking mission as a member of Klaus Bieman’s MIT research group, which created the mass spectrometer for the Mars Viking mission. I took Hayes’ class on mass spectrometry, and fortunately he liked my term paper! Soon after, I chose to do my dissertation with him on lunar sample analyses, focusing on carbon and other elements relevant to life. I first presented my work in 1972 at the third Lunar Science Conference, where I met Sherwood Chang, then chief of the Ames Exobiology branch. Sherwood was also investigating carbon and other elements in lunar samples. Sherwood, John, and others inspired me to continue in the space sciences.

    That’s an Interesting path because many of our researchers had a postdoc with somebody or attended a conference and met someone through that network and found their way to Ames that way.

    I then did a postdoctoral fellowship at UCLA with Dr. Isaac (Ian) Kaplan, whose biogeochemistry group also had analzed lunar samples. I continued developing methods for carbon isotopic analyses of very small samples. The carbon-13 to carbon-12 abundance ratios of molecules can offer clues about how they are formed. Isotopic measurements also help to identify contamination in meteorites and other extraterrestrial samples. Sherwood Chang wanted to create an isotope geochemistry laboratory in the Ames Exobiology Branch, and that led to my being hired at Ames in 1976.

    You mentioned contamination of the meteorites. Was it geo-contamination or contamination from elsewhere that concerned you?

    The basic analytical goal is to decipher the entire history of an extraterrestrial sample, starting with understanding the contents of an object when it was formed, which in most cases was billions of years ago. When an object was still in space, other events happened that altered its composition. But our major concern has been about what happens after a meteorite arrives here. Life has become so pervasive that its chemical ‘fingerprints’ are on virtually everything. It’s difficult to avoid these substances anywhere in the shallow Earth’s crust. Also, Earth is an inhospitable place for meteorites because its surface environments are relatively hot and moist compared to conditions in space. So our environment can alter the meteorites and add organic contamination.

    What has been your most interesting work here at Ames?

    I have had a near-unique opportunity to explore the biogeochemistry of carbon across a wide range of processes and environments that sustain our biosphere. I investigated the isotope geochemistry of carbon and nitrogen in lunar samples, meteorites, and oceanic basalts. Our molecular isotopic measurements of hydrocarbons in carbonaceous chondrites confirmed their extraterrestrial origins and provided clues about their synthesis. My measurements of mid-oceanic basalts and hydrocarbon gases in geothermal systems chracterized components from the mantle and from sedimentary organic carbon.

    I participated in the Precambrian Paleobiology Research Group at U.C.L.A., led by Dr. J. W. Schopf. For example, we documented carbon isotopic evidence for the long-term evolution and oxygenation of Earth’s early environment. Later, I coordinated a long-term project to study the biogeochemistry of marine benthic microbial communities as modern analogs of Earth’s oldest known (>3 billion yr.-old) ecosystems. We characterized their enormous microbial diversity, their highly efficient harvesting of sunlight, their cycling of life-sustaining elements, and mechanisms for their fossilization in sedimentary rocks. These experiences, among others, informed me as I chaired the development of NASA’s Astrobiology Roadmaps in 2003 and 2008, and as I served as PI of Ames’ NASA Astrobiology Institute team from 1998 to 2014. These roles also informed my participation in NASA’s Mars Exploration Rover and Curiosity rover missions.

    Now that you’ve described what your pursuit is, what your discipline or research interests are, how would you justify that to people who are not scientists as to why taxpayers should be funding this particular research for NASA?

    NASA’s research programs are uniquely positioned to explore and compare multiple planets, including Earth. All life depends critically upon interactions between organisms and the geological processes and climate of their host planet. My career has addressed these interactions in multiple ways. Studies such as these are important for understanding the future of life on Earth, and they also guide our search for evidence of life elsewhere and for planning human missions to other bodies in our solar system.

    A more specific answer to your question is that the public has been interested in any life on Mars. Searching for evidence of past or present life there requires environmental surveys and analyses to identify the most promising locations. NASA’s Viking mission illustrated why most of the Martian surface is really not suitable to look for evidence of life. At least 70% of the surface of Mars is clearly unsuitable, but the remaining more promising 30% is still a lot of territory. The surface area of Mars is equal to that of all the continents on Earth.  Much of my research has related to an assessment of habitability, namely, assessing the resources that an environment must provide to sustain life. Where are the best places to look? Our rovers have now visited places that we are convinced could have supported life some three or more billion years ago. The next questions are:  did any fossils survive and can we actually bring the right samples back to Earth to confirm any findings? 

    Also, could a human mission sustain itself there? Again, we must look for resources that might support life today. Geochemical analyses are a key aspect of that search. If we have any future interest in Mars related to astrobiology or to human missions, we need to assess the past habitability and the present life-sustaining resources of potential landing sites. The public generally supports these exploration goals.

    They do, that is true, and that’s really the answer to why NASA does what it does. It’s directed by Congress, and they are influenced by the public, by what the public wants. I’ve always thought, or at least for a long time, that robotic exploration is much more practical, but the country wants astronauts, that’s where the public support is.

    I agree totally!

    And so, we continue to do that, and they’ve done wonderful things. But the time will come when it’s not feasible to do astronautic things because we humans don’t live long enough given the distances involved.

    Certainly that’s applies for destinations beyond our solar system. And even if there is a human mission to Mars, astronauts are going to be in a station, with robots going out in all directions. So robots will be with us in many ways for the future.

    It’s a very fascinating career you’ve described and the work that has followed from it.

    Thanks! It’s certainly been very fulfilling personally.

    What advice might you give to a young person who sees what you’re doing, is intrigued by it, and would like to pursue it as a career, would like to become a researcher for NASA?

    The advice I would give a young person is just engage in multiple experiences. You don’t know what what will stimulate and motivate you until you try it. And once you find something in particular, like astrobiology, then apply to institutions, like universities or institutes that are involved. Go to a place where they’re doing stuff that’s related to astrobiology in some way. Secondly, see if you can get yourself in a lab and get some undergraduate research experience.

    As an example, what worked for my son? He’s not in astrobiology. He went to Berkeley as an undergraduate and wanted to be a physician. But then he had an opportunity to work in someone’s plant biology lab. By the time he was applying for graduate schools he was identifying professors with whom he might want to work.  Now, years later, he’s a professor in plant genetics at a major university. When I applied to graduate schools, my approach wasn’t nearly as rigorous as my son’s strategy! So, perhaps get an undergraduate experience in a lab and, in any case, get a sense of what’s interesting by giving yourself multiple experiences and not necessarily focusing too soon. That’s the most general advice.

    That is similar to what parents do with their children. They don’t know what their children are going to be interested in or would do well, so they expose them to music, to art, and to all kinds of things and with some of them there won’t be any connection, but at some point, they’ll be interested in something and want to pursue it. So, you’re right, get a broad exposure to a variety of things and something will resonate.

    Yes, the more experiences, the better chance you might hit something that really resonates for you.

    You’ve talked about your professional work and research interests but what do you do for fun?

    Well, along with a lot of the things I’ve already described, my interest in the outdoors has always been high. Our family has done a lot of hiking and travel.

    Do you still do caving or spelunking?

    I was still active after joining Ames in 1976. I got CRF involved at Sequoia-Kings Canyon National Park, and CRF is still working there. I’ve been fortunate to participate in this collaboration between CRF and the National Park Service at Mammoth Cave, Kentucky, Carlsbad Caverns, New Mexico, and Sequoia-Kings Canyon National Park, California. My active participation tapered off about the same time my involvement with Mars picked up in the 1990’s.

    Earlier, I mentioned a little miner’s carbide cap lamp in another student’s dormitory room that led me to the Outing Club, geology, and ultimately my career. So, over the years I’ve collected artifacts related to mining and interacted with folks who explore the history of mining and its economic importance. That has made me realize just how difficult were the lives of miners. What I hadn’t anticipated was how grateful I became that I am alive today and not 100+ years ago, or that I live in the US and not many other places today.

    I often feel that. There are a lot of places in the world where you can’t just go over to the wall and dial up the temperature you want. We are certainly blessed in that regard. So, the collecting has been kind of a hobby for you. Do you have any musical interest or talent, anything like that?

    I was pretty proficient at the piano until I got into high school. But I took up the saxophone and got into the high school band. Later, I joined the Purdue Marching Band and played at football games. That was a great experience but I didn’t continue beyond my college sophomore year. My daughter and son have continued on piano intermittently as an effective form of relaxation. This reminds me of Carl Pilcher (former NASA Senior Scientist for Astrobiology and Director of the NASA Astrobiology Institute) who was a really good pianist.

    I didn’t know that and that’s interesting to me because I knew Carl. This is one reason why we do these interviews, because there will be a number of people who will read this and they won’t have known that about Carl if they knew him, and that’s how these little things that we don’t know about people come out as we sit down and talk with each other. You’ve mentioned your wife, Shirley, and your son and your daughter.  Would you like to say anything else about your family? Or your pets, or things you like to do together or vacations, anything like that?

    Shirley and I have been married 54 years as of this interview. She was an elementary school teacher for more than 25 years. Her support was crucial while I was in graduate school. She became a full-time parent for our pre-school children but then returned to Redwood City schools for most of her teaching career. She then became deeply involved in the local chapter of the League of Women Voters, serving both as its chairman and in other leadership positions. Shirley is the keystone of our family and she has enabled my career achievements immeasurably.

    Our son is a is a molecular biologist. He went to Berkeley first aspiring to be a doctor probably because his high school biology teacher emphasized human physiology. At Berkeley he ventured from one interest to the next. He had not been inspired by plant biology in high school, probably because his teachers focused on rote memorization of facts. But later he gained research experience in a Berkeley plant lab and got really interested in them. He attended graduate school at Duke University and is now an assistant professor in plant genetics with the MIT civil engineering  department. Why, you ask, is a civil engineering department interested in plant genetics? MIT started a major climate change project and one key concern is how crops must adapt.  His specialty is plant water use efficiency, response to CO2 levels, and temperature, factors that would be affected by a changing climate.

    Our daughter also attended Berkeley. She studied international economics of developing countries. She is good at math and also interested in social issues, so that curriculum motivated her. But her ultimate career choice arose from the focus on developing countries and her experiences in South America when she spent a semester at a university in Chile, and then worked with nonprofit organizations in Brazil. She then got a master’s degree in public health at the University of North Carolina.  She’s still involved in public health in North Carolina, working with a foundation that advises county health departments about treatments for drug addiction. The government has provided funds for counties, especially rural counties. She leads a group that’s advising them on how to administer these funds effectively.

    That’s very commendable. You should be proud of her as well.

    Yeah, we certainly are.

    We also had cats from the early ‘70’s up until maybe 2010 or something like that. We eventually achieved ‘parental freedom’ when the kids moved away and the pets passed away.  But our our family’s legacy lives on: both our son and our daughter have multiple cats in their houses! (laughs)

    We had cats too, and enjoyed them. My wife used to have to go away for a week or so every month to tend her parents, who were getting elderly, because she wanted to keep them in their home. I used to think it was funny that people talked to their pets, but when she was away, I talked to the cat all the time! I really enjoyed having her around. She would curl up on my lap if I was watching TV. She was good company.

    Yeah, no kidding. Dogs especially are like little kids that never grow up!

    Yes!

    One of the questions we like to ask is who or what has inspired you along your life path?

    My high school chemistry teacher inspired me about chemistry. He was also an outdoorsman type. My older brother was involved in Boy Scouts, and that also nurtured my interest in Scouts and the outdoors.

    At the time I was enrolled at Purdue University, a geology department had recently started and three faculty occupied the basement of an engineering building. Dr. Levandowski advocated that geochemistry might actually be a good match for me. At Indiana University, John Hayes, my thesis advisor, was very accomplished, charismatic, and inspirational. He was recognized internationally and ultimately inducted into the National Academy of Sciences. And, of course, Sherwood Chang and Chuck Klein helped inspire and guide my early career at Ames.

    Do you read for pleasure and if so, what do you like to read? What genre do you enjoy?

    I do not read fiction for pleasure.  I frequently read popular science and technology articles, so I guess that’s my pleasure reading. It’s still science, but it’s science that extends well beyond my own work, and I find that interesting.

    Absolutely it is.  I don’t read enough for pleasure. I buy a lot of books that I intend to read, but I just never get around to them. My wife says, in jest I think, when I’m gone, she’s going to have a big bonfire and burn all of them because they take up a lot of space. I would like to live to be 200 and read all of them, but I know I won’t! (laughs)

    One of the things that we like to do is add pictures to these interviews, of things we talked about, or any images that you particularly like.  What picture might you have on the wall there in your office, or perhaps in your home?  You could add something later after thinking about it a bit.  I had a map of the world, a satellite image of the world at night, in my office for a time. You’ve probably seen it. I was fascinated by it because you could tell so much about the countries by the lighting, the different colors, where it was and where it wasn’t.

    I have a big map of the world that emphasizes geology and particularly shows a lot of details about the ocean floor, especially with the volcanoes and all the features there. And you’ve probably seen the exobiology mural? it was in building N-200.

    I think I know which one you’re talking about. It has sea life coming up from the ocean on one side across the land and up to the stars on the other side.

    That’s right. Linda Jahnke, Tom Scattergood, and I created that back in 1980’s.

    You did?
    Yeah. When the art department made copies, I got one for my office, and several others have copies also.

    Oh, that’s wonderful. If you have an image of that you could include it when you send me back your edited transcript, and we could put it in and attribute it to you, Linda, and Tom.

    OK. That mural touches on several research topics I’ve addressed during my career. So, it would be a good one to include.

    We also ask if there is a favorite quote that has been particularly meaningful to you. We can put that in, too.

     ‘Life is what happens while you are busy making other plans’ (John Lennon)

    ‘We make a living by what we get, but we make a life by what we give.’ (the attribution to Winston Churchill is controversial)

    Thank you for getting in touch with me and for sitting down for an hour to do this. I will get this into a format where you can edit it. And then we’ll make a post out of it. And I think you’ll be pleased. And if not, you’ll have only yourself to blame! (laughs)

    That’s very cagey of you! (laughs) But then again, you’ve done this for quite a while.Your approach is quite sophisticated, so I appreciate that. I also appreciate your effort because so often stuff like this just disappears from history.

    Well, thank you, Dave. I’ve appreciated the chat and thank you for your time. We’ll make something out of it.

    Thanks for your commitment and for pursuing me to do this. Take care.

    You’re welcome.
    ________________________________________________

    Interview conducted by Fred Van Wert on January 13, 2025

    MIL OSI USA News

  • MIL-OSI Europe: Written question – Deforestation Regulation – E-002072/2025

    Source: European Parliament

    Question for written answer  E-002072/2025
    to the Commission
    Rule 144
    Anja Arndt (ESN)

    • 1.What costs have been incurred as a result of the 50 plus online training sessions that have been attended, according to the Commission, by more than 50 000 people so far to help them prepare for the new Deforestation Regulation (EUDR)?
    • 2.What additional costs relating to future training sessions on the EUDR will be covered by the EU budget?
    • 3.Which NGOs (such as the International Trade Center (ITC) in Geneva) are working for the Commission to carry out the implementation of the EUDR by providing, for example, training and handbooks, and what financial support – listed by organisation and year – are these NGOs receiving from the Commission?

    Submitted: 22.5.2025

    Last updated: 3 June 2025

    MIL OSI Europe News