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Category: Economy

  • MIL-OSI: Capital City Bank Group Announces Leadership Transition

    Source: GlobeNewswire (MIL-OSI)

    TALLAHASSEE, Fla., June 02, 2025 (GLOBE NEWSWIRE) — The board of directors of Capital City Bank Group (NASDAQ: CCBG) announced today that Bethany Corum has been named president of Capital City Bank, effective as of July 1, 2025. This historic appointment takes place during the Bank’s landmark 130th anniversary year and marks a significant milestone as Corum becomes the first female president in the history of the Bank. She assumes this role with extensive experience and a deep commitment to championing the mission and continued success of Capital City Bank.

    At the same time, Tom Barron, who has dedicated 51 years to Capital City Bank, including the last 30 as president, has been appointed president of Capital City Bank Group and chairman of the Capital City Bank Board of Directors, effective as of July 1, 2025. In this new capacity, he will continue to be engaged in the management of the Bank and guide the Company’s growth.

    Additionally, William G. Smith Jr. will continue as Capital City Bank Group chairman and CEO, overseeing corporate strategy and governance while guiding the long-term financial performance of the Company.

    These changes reflect a strategic effort to diversify the executive ranks and bolster management as the Company enters its next phase of growth.

    Corum has served as chief operating officer since 2015, with the primary responsibilities of overseeing the commercial lending, retail market management, wealth management, information technology, loan and deposit operations, facilities management and information security departments, as well as the disaster recovery, human resources and talent development functions. After establishing her financial industry roots as an executive with the Florida Bankers Association, Corum came to Capital City Bank in 2006 and served a decade as chief people officer and president of Capital City Services Company before being promoted to chief operating officer.

    “For almost two decades, I have had the privilege of witnessing Beth’s exceptional leadership and commitment to the success of our Company,” said Capital City Bank Group Chairman, President and CEO William G. Smith Jr. “She has consistently driven growth, innovation and operational efficiency while managing a vast array of our business functions. Her strategic vision and dedication to fostering a positive workplace culture have earned us recognition year after year among the best employers in the nation. I firmly believe in Beth’s ability to guide us through the next phase of our journey with continued excellence.”

    Barron has played an integral role in helping guide the Company through industry shifts and an evolving banking landscape. Barron was among the original architects of Capital City Bank Group, which was formed as a multi-bank holding company in 1984, and a principal player in subsequently consolidating the seven-member family of brands under the single name of Capital City Bank in 1995.

    “Working shoulder-to-shoulder with Tom for the last 50 years has been one of the greatest honors of my career,” said Smith. “His 51 years of service have not only helped to shape our Company legacy but also set a high standard for leadership in our industry, making him a clear choice for these vital roles. His exceptional expertise, strategic vision and consistent acumen have guided us through transformative times. I am confident that his deep knowledge of our past and insightful perspective on our future will continue to lead us to new heights.”

    Corum earned her bachelor’s degree from the University of Tennessee at Martin and her master’s degree from Florida State University. She is a dedicated community advocate and currently serves as treasurer of Tallahassee Memorial Healthcare board of directors, chairman of the United Way of the Big Bend and chair-elect of the Community Foundation of North Florida. She has formerly served as chair of the Children’s Home Society of North Florida, trustee for the Florida Bankers Educational Foundation and as past chair of the Greater Tallahassee Chamber of Commerce. Additionally, Corum is a Leadership Tallahassee and Leadership Florida graduate. 

    Barron holds an MBA from Florida State University and served as president of the Community Bankers of Florida in 1989. He currently serves on the boards of Capital Health Plan and Tall Timbers. A former chair of the Southeastern Community Blood Center, Greater Tallahassee Chamber of Commerce, United Way of the Big Bend, Seminole Boosters and Hollins University, Barron has demonstrated community leadership and advocacy throughout his career.

    About Capital City Bank Group, Inc.
    Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.5 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 62 banking offices and 105 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., www.ccbg.com. 

    For Information Contact:
    Brooke Hallock
    Hallock.Brooke@ccbg.com
    850.402.8525

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6e7d733b-3458-481b-a2cc-a12b2c43f7dd

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3c1f5a36-ff85-4e5d-9320-63493e95dd97

    https://www.globenewswire.com/NewsRoom/AttachmentNg/df11cf9b-ef6e-4de1-ad9e-630a5d824fbc

    The MIL Network –

    June 3, 2025

  • MIL-OSI: Oxbridge / SurancePlus to Attend Money20/20 Europe in Amsterdam

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, June 02, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States. The company today announced its participation in Money20/20 Europe 2025, taking place June 3–5, 2025, in Amsterdam, Netherlands.

    Money20/20 Europe 2025

    Recognized as one of the world’s most important gatherings in blockchain, digital assets, and Web3 innovation, Money20/20 Europe brings together leading builders, capital allocators, protocol teams, tokenization platforms, and infrastructure providers to define the future of decentralized finance.

    With over 2,000 participating companies, 370+ sponsors, and 340+ expert speakers, the event offers a high-density environment for strategic meetings, deal-making, and ecosystem advancement.

    While at Money20/20 Europe, Oxbridge and SurancePlus will be advancing conversations with both long-standing partners and new ecosystem players – supporting our long-term vision of democratizing access to high-yield institutional-grade reinsurance investment opportunities.

    Oxbridge / SurancePlus 2025 Offering:

    Learn more at SurancePlus.com/invest

    Jay Madhu, CEO of Oxbridge, commented, “Money20/20 Europe brings together many of the leaders shaping the future of digital finance. The conference offers an ideal setting to advance conversations with partners and ecosystem players as we pursue our mission to democratize access to high-yield, institutional-grade reinsurance investments.”

    Meet Oxbridge / SurancePlus at Money20/20 Europe – Amsterdam

    Investors and potential partners interested in Oxbridge and SurancePlus’ tokenized reinsurance offerings are encouraged to connect with the team during the event. Contact details are provided below.

    Disclaimer: This press release does not constitute an offer to sell nor a solicitation of an offer to buy the EtaCat Re or ZetaCat Re tokenized reinsurance securities (the “Securities”). The Securities are not required to be, and have not been, registered under the United States Securities Act of 1933, as amended, in reliance on the exemptions provided by Regulation S and SEC Rule 506(c) thereunder. Offers and sales of the Securities are made only by, and pursuant to, the terms set forth in the Confidential Private Placement Memorandum relating to the Securities. The offering of the Securities is not being made to persons in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction.

    About Oxbridge Re Holdings Limited 

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on-chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors. 

    Company Contact:
    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2024. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

    The MIL Network –

    June 3, 2025

  • MIL-OSI Security: Raleigh County Man Pleads Guilty to COVID-19 Relief Fraud Scheme

    Source: Office of United States Attorneys

    BECKLEY, W.Va. – Ross Jay Bailey, 50, of Cool Ridge, pleaded guilty today to theft of government money. Bailey obtained a $2 million loan through the Coronavirus Aid, Relief, and Economic Security (CARES) Act for his business and instead converted at least $1.4 million of the proceeds for his personal enrichment.

    According to court documents and statements made in court, on or about June 30, 2020, Bailey obtained an Economic Injury Disaster Loan (EIDL) of $150,000 on behalf of his business, R&R Delivery Service Inc. The CARES Act authorized the Small Business Administration (SBA) to provide EIDL program loans of up to $2 million to eligible small businesses experiencing substantial financial disruption due to the COVID-19 pandemic.

    Bailey successfully applied to increase the loan amount in August 2021 to $500,000 and in February 2022 to the $2 million maximum. Bailey certified that he would use all loans proceeds solely as working capital to alleviate economic injury caused by the pandemic.

    As part of his guilty plea, Bailey admitted that he transferred at least $1.4 million of the EIDL proceeds from his business’s bank account to his personal bank account from on or about March 1, 2022, through on or about May 31, 2022. Bailey further admitted that he converted these funds into purchases of stock and cryptocurrency for his personal enrichment.

    Bailey is scheduled to be sentenced on October 10, 2025, and faces a maximum penalty of 10 years in prison, up to three years of supervised release, and a $250,000 fine. Bailey also owes at least $1,518,013.58 in restitution, with a final amount to be determined by the Court.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the National Aeronautics and Space Administration Office of Inspector General (NASA OIG), the United States Secret Service, the West Virginia State Police-Bureau of Criminal Investigations (BCI) and the West Virginia State Auditor’s Office (WVSAO) Public Integrity and Fraud Unit (PIFU).

    NASA OIG is an active member of the Pandemic Response Accountability Committee (PRAC) Fraud Task Force. The PRAC was established to promote transparency and facilitate coordinated oversight of the federal government’s COVID-19 pandemic response. The PRAC’s 20 member Inspectors General identify major risks that cross program and agency boundaries to detect fraud, waste, abuse, and mismanagement in the more than $5 trillion in COVID-19 spending, including spending via the Paycheck Protection Program (PPP), and Economic Injury Disaster Loan (EIDL) program. This case was also supported by the PRAC’s Pandemic Analytics Center of Excellence, which applies the latest advances in analytic and forensic technologies to help OIGs and law enforcement pursue data-driven pandemic relief fraud investigations.

    United States Magistrate Judge Omar J. Aboulhosn presided over the hearing. Assistant United States Attorney Erik S. Goes is prosecuting the case.

    Bailey’s brother, Ryan Keith Bailey, 47, of Beaver, pleaded guilty on May 7, 2025 to theft of government money. Ryan Keith Bailey obtained $2,166,517.40 in loans through the CARES Act for his business and instead converted nearly all of the proceeds for his personal use. Ryan Keith Bailey is scheduled to be sentenced on September 12, 2025.

    Mark William Bailey, 52, of Beckley and a cousin of Ross Jay Bailey and Ryan Keith Bailey, pleaded guilty on September 8, 2023, to theft of government monies, admitting he stole approximately $451,237.51 in SBA loans he obtained through the CARES Act. On October 25, 2024, Mark William Bailey was sentenced to five years of federal probation, including one year on home detention, and paid $451,237.51 in restitution and an additional $451,237.98 as a civil penalty to settle False Claims Act allegations.

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

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case Nos. 5:24-cr-105.

    ###

     

     

    MIL Security OSI –

    June 3, 2025

  • MIL-OSI USA: Congressman Williams Introduces Bill to Unlock Investment Research for Main Street Businesses

    Source: United States House of Representatives – Congressman Roger Williams (25th District of Texas)

    Washington, D.C. – Today, Congressman Roger Williams (TX-25), alongside Rep. Cleo Fields, introduced the Securities Research Modernization Act to amend the Securities Act of 1933. This legislation ensures businesses have better visibility, draw more investor interest, and have a greater chance of a successful public offering. 

    “Access to capital remains a top issue for small businesses across America,” said Congressman Williams. “Research reports are critical tools that help companies attract investors and improve transparency in the market, but many small and mid-sized businesses are excluded from research coverage during the public offering process. We must level the playing field to ensure all businesses can compete. My bill ensures investors have access to independent analysis, making the market more transparent, efficient, and prosperous for Main Street.” 

    “This bill is about giving hardworking Americans a fair shot at making smart investments. By allowing research on all companies planning to go public—not just the big ones—we’re putting more information in the hands of everyday folks. Louisianans shouldn’t need special connections to Wall Street to build wealth for their families. This legislation helps our small businesses get noticed when they’re ready to grow and creates more opportunities in communities that have been overlooked. When hardworking Americans have better information, they can make better choices for their financial future.” – Rep. Cleo Fields (LA-06)

    Read the bill text here.

    Background:

    • Under current law, many small and mid-sized businesses—especially those not qualifying as EGCs—are excluded from research coverage during the IPO process.
    • Expanding this exemption would support more companies, empower retail investors, and strengthen capital formation in communities across the country.

    ###

    Congressman Roger Williams is the Chairman of the House Small Business Committee and member of the House Financial Services Committee. He proudly represents the 25th Congressional District of Texas.

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI USA: NEWS: Harder Announces $3 Million in Disaster Relief for Valley Cherry Farmers and Processors, Calls on USDA to Expedite Federal Disaster Declaration

    Source: United States House of Representatives – Congressman Josh Harder (CA-10)

    Follows last week’s state-level disaster declaration over poor cherry harvest

    Federal declaration would unlock new federal aid for Valley farmers

    STOCKTON – Today, following last week’s disaster declaration over poor Valley cherry harvests, Rep. Josh Harder (CA-09) announced a purchase of up to $3 million of dried sweet cherries to assist cherry farmers during this challenging harvest year. The funding, made available through the U.S. Department of Agriculture’s (USDA) Section 32 authority, will help stabilize the market and create alternative outlets for the current crop and ensure family cherry farms and processors stay afloat.

    Poor cherry harvests hit the Valley hard:

    “The Valley is the fruit and nut basket of the world, and in our community, 1 in 3 jobs depends on agriculture,” said Rep. Harder. “When crops fail, it’s not just a bad season—it’s an existential threat to local families and our entire economy. This $3 million in emergency support will help our cherry farmers and processors weather the storm. But it’s just the first step. I’m calling on USDA Secretary Rollins to immediately expedite a federal disaster declaration so we can unlock the full range of resources our growers need not just to survive this season, but to come back stronger.”

    ###

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI: Lendmark Financial Services Debuts Centreville Branch in Northern Virginia, Marking its 13th Portfolio Opening in 2025

    Source: GlobeNewswire (MIL-OSI)

    CENTREVILLE, Va., June 02, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Virginia footprint, opening a new branch in Centreville.

    The branch is located at 5953 Centreville Crest Lane and is expected to serve hundreds of customers, retailers, and auto dealerships in its first year. Luis Santos, who serves as the branch manager, will be responsible for the administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “Nestled in the heart of Northern Virginia, Centreville offers a scenic blend of rolling landscapes and suburban charm, just minutes from Washington D.C., and a family-friendly atmosphere makes this the perfect location for Lendmark to expand,” said Dan Quann, Vice President of Branch Operations at Lendmark. “This new branch in Centreville is going to create new job opportunities to further enhance the community and provide access to loans for those facing planned and unplanned financial needs.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 571-686-5141.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    Lendmark customers can participate by donating $1 when closing their loan. Lendmark matches the donation.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 520 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network –

    June 3, 2025

  • MIL-OSI Africa: Mining in Motion Kicks Off in Ghana with Calls to Reimagine African Mining

    Source: Africa Press Organisation – English (2) – Report:

    ACCRA, Ghana, June 2, 2025/APO Group/ —

    Ghana’s President John Mahama officially opened the Mining in Motion 2025 summit in Accra, calling for greater investment across the downstream value chain. Citing the need to reimagine mining in Africa, President Mahama underscored the value of the downstream mining industry in building resilient and diversified economies across the continent. 

    Rich in a variety of mineral resources, Africa is well-positioned to leverage its mining industry and the growing global demand for critical minerals to drive long-term and sustainable economic growth. According to President Mahama, the continent “is rich in gold, bauxite, lithium, cobalt and other rare earth minerals. Our continent holds 90% of global platinum reserves, 79% of phosphate rocks and over half of the world’s manganese. Mining contributes substantially to our GDP and employment; but it has not transformed the lives of our citizens as it should.”

    As such, Ghana is implementing a series of initiatives to strengthen the downstream value chain, aiming to bolster employment opportunities, formalize small-scale mining and support revenue generation.

    “We will be investing in the downstream value chain. We must integrate mining into the broader economic framework – that is how we build resilient and diversified economies. We believe there should be increased participation by Ghanians in exploiting our mineral wealth. We welcome investors to partner with us,” President Mahama added.

    Insights from industry leaders affirmed the role Ghana’s mining industry continues to play in the country’s economy. Delivering a welcome address, Otumfuo Osei Tutu II, King of the Asante Kingdom, highlighted the role of traditional authorities in empowering artisanal and small-scale miners to ensure the sector enhances its contribution to industry growth.

    “Gold, diamonds and critical minerals represent the best option for sustainable growth for Africa. They are the economic health of economies,” stated King Tutu II, adding that “We have an opportunity to use policies to address industry problems. The Gold Board presents an opportunity for new investments to come in.”

    Ghana’s mining industry accounts for approximately 12% of the country’s GDP. The industry also accounts for the highest employment in the country. Looking ahead, Ghana seeks to consolidate its position as a regional mining hub, utilizing platforms such as the African Continental Free Trade Area (AfCFTA) to accelerate regional trade and exports. Wamkele Keabetswe Mene, Secretary General of the AfCFTA, spoke about best practices to enhance regional gold trading and cooperation to bolster mining sector expansion.

    According to Mene, to address mining sector challenges, it is imperative to enhance digitalization to reduce transaction costs and enhance traceability and financial inclusion. He added that the Mining in Motion 2025 summit is timely, given the African Union adoption of its Digital Protocol in February. The protocol aims to use digitalization mechanisms such as gold tokenization to drive sustainability, poverty eradication and to create jobs.

    “There are challenges to economic growth such as nationalization of resources and trade wars. Africa must respond to these challenges. AfCFTA provides an opportunity to create a [regional] market and achieve the African Union’s Agenda 2063 of economic integration,” stated Mene.

    Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom – in collaboration with Ghana’s Ministry of Lands and Natural Resources, World Bank, and the World Gold Council, with the support of Ghana’s Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders.

    MIL OSI Africa –

    June 3, 2025

  • MIL-OSI Economics: Nicaragua 101st WTO member to formally accept Agreement on Fisheries Subsidies

    Source: WTO

    Headline: Nicaragua 101st WTO member to formally accept Agreement on Fisheries Subsidies

    DG Okonjo-Iweala said: “WTO members’ adoption of this landmark Agreement in 2022 set us on a more sustainable path toward restoring the abundance and vitality of our oceans. The next step is the Agreement’s entry into force. With Nicaragua’s formal acceptance of the Agreement on Fisheries Subsidies, we are closer than ever to getting there. We now need just 10 more acceptances to cross the finish line!
    This 101st acceptance opens the door for the WTO Fish Fund to open a call later this week for developing and least developed WTO members to submit proposals and funding requests for the technical assistance and capacity building they may need to implement the Agreement”, she added.
    Ambassador Bohorquez Palacios said: “Our acceptance of the Agreement on Fisheries Subsidies reaffirms Nicaragua’s support for the rules-based multilateral trading system and our commitment to international efforts to promote the sustainable use of marine resources. As a country bordered by two oceans, Nicaragua recognizes the importance of the blue economy and has always been committed to marine life. We look forward to continuing to work with all WTO members to ensure entry into force of this historic Agreement and its effective implementation.”
    Formal acceptances from two-thirds of WTO members are required for the Agreement to enter into force – representing 111 members. The list of the 101 current instruments deposited with the WTO is available here.
    At the WTO’s 12th Ministerial Conference (MC12) held in Geneva in June 2022, ministers adopted by consensus the Agreement on Fisheries Subsidies, setting new, binding, multilateral rules to curb harmful fisheries subsidies. The Agreement prohibits subsidies for illegal, unreported and unregulated fishing, for fishing overfished stocks, and for fishing on the unregulated high seas. Ministers also recognized the needs of developing economies and least-developed countries by establishing a fund to provide technical assistance and capacity-building to help governments which have formally accepted the Agreement implement the new obligations.
    WTO members also agreed at MC12 to continue negotiating on remaining fisheries subsidies issues. The objective is to find consensus on additional provisions to further strengthen the disciplines on fisheries subsidies.
    Information for members on how to accept the Protocol of Amendment is available here.

    Share

    MIL OSI Economics –

    June 3, 2025

  • MIL-OSI United Kingdom: Alderman Stephen Moutray honoured to hold the high office of Lord Mayor

    Source: Northern Ireland City of Armagh

    Alderman Stephen Moutray has officially taken up office as the new Lord Mayor following the Annual Meeting of Armagh City, Banbridge and Craigavon Borough Council on Monday 2 June.

    The married father-of-three was co-opted onto council in December 2018 and was subsequently re-elected to represent the Lurgan District Electoral Area in 2019 and in 2023.

    A member of the DUP since 1979, his long and distinguished career in local politics made him a strong candidate among his party colleagues to hold the highest civic office within council.

    Having held leadership positions on key council committees in recent years, his wealth of experience will be an asset as he assumes the responsibilities of Lord Mayor.

    These include Chair of the Economic Development and Regeneration Committee from 2019 to 2020 and later Vice-Chair from 2021 to 2022. He also chaired the Governance, Resources and Strategy Committee from 2022 to 2023.

    He previously served as a councillor on Craigavon Borough Council from 2001 to 2013 and held the office of Mayor from 2010 to 2011.

    While serving as an MLA for Upper Bann from 2003 to 2016, he played a key role in economic development, environmental policies, community engagement, and was actively involved in shaping initiatives that impacted the region.

    Taking over from SF Councillor Sarah Duffy, the new Lord Mayor said:

    “It is a huge honour and privilege to serve as the First Citizen for the borough. I am so proud to take on this important ambassadorial role and I am really looking forward to the year ahead meeting with businesses, residents and communities and welcoming visiting dignitaries from home and abroad.

    “My top priority is to grow the local economy and do all I can to create a more prosperous business environment while also reinforcing the borough’s reputation as a great place to work, live, and invest.

    “Working for my family’s food retail business, I know the local business community is facing significant challenges. I am keen to engage with businesspeople across the borough, with a view to understanding the issues important to them and how the council can further support them.

    “I am focused on delivering initiatives that enhance the borough’s economic and social landscape.

    “We are fortunate to have a well-connected network of community and voluntary groups that play a vital role in providing essential services and supporting the most vulnerable in our community. They are the backbone of our community, and I want to ensure they are recognised and celebrated for the invaluable work they do.

    “I also plan to take time to get to know council staff working in all departments and based at different locations across the borough. I am keen to thank them for their hard work and dedication to providing essential services to the whole community.”

    He also thanked his DUP party colleagues for entrusting him with his senior civic role and his family for their unstinting support during what will be an extremely busy year ahead.

    During his term, the Lord Mayor has pledged to raise funds for the Southern Area Hospice Services and Epilepsy Action Northern Ireland. He has a personal connection to both charities, having observed the positive impact that their respective specialist palliative care and support services have had on close family members.

    Outside of work commitments, he enjoys a range of activities such as travelling, walking, and spending quality time with his family and five grandchildren who bring him so much joy.

    APNI Councillor Jessica Johnston has also been elected Deputy Lord Mayor for the incoming year, taking over from UUP Councillor Kyle Savage.

    The 25-year-old from Donaghcloney is the youngest elected representative to hold this senior position on the council. Councillor Johnston was co-opted onto council in May 2022 to represent the Lagan River Area and was subsequently re-elected in 2023.

    Her appointment is a historic moment for her party as she is the first member to hold this prestigious civic role. The Alliance Party first had representation on the council after gaining three seats at the 2019 local elections.

    The new Deputy Lord Mayor currently works as a researcher for the Deputy Leader of the Alliance Party, Eóin Tennyson MLA.

    Speaking about her appointment, the new Deputy Lord Mayor said:

    “I am immensely proud to step into this honorary role at such an early stage in my political career and thrilled to be representing people in the place I call home.

    “My greatest aspiration is to use this unique platform to make a lasting impact on the local community.

    “As a strong advocate for youth engagement in politics, I hope to encourage young people from all backgrounds to get involved in shaping policies that directly impact their lives.

    “With fitness a big part of my lifestyle, I am passionate about increasing people’s access to local leisure facilities and promoting the benefits of sport and exercise for both physical and mental health.

    “During my term in office, I hope to raise awareness about the Macmillan Move More programme and the vital work it does locally, with council support, to encourage people living with cancer to become more physically active.

    “I am also keen to support local cancer charities as my family, like many others, has been impacted by this disease.”

    After graduating from Queen’s University Belfast in 2021 and working in the local hospitality industry during her studies, she previously worked in a graduate role at the University’s Widening Participation Unit. She is a member of the Donacloney Primary School Board of Governors and the Lurgan College Board of Governors.

    MIL OSI United Kingdom –

    June 3, 2025

  • MIL-OSI USA: As Congress Comes Back into Session, Rep. Craig Continues Leading Charge to Protect SNAP, Urges Senate to Reject Cuts to Food Assistance

    Source: United States House of Representatives – Congresswoman Angie Craig (MN-02)

    WASHINGTON, DC – Today, as Congress comes back into session following a week-long district work period, U.S. Representative Angie Craig is continuing to lead the charge to protect the Supplement Nutrition Assistance Program (SNAP) and ensure Minnesota’s kids, seniors, veterans and people with disabilities can put food on the table. 

    Last month, House Republicans passed a partisan budget bill that cut nearly $290 billion from SNAP – a program that is under the jurisdiction of the House Committee on Agriculture.

    As the top Democrat on the Committee, Rep. Craig has been sounding the alarm about potential cuts to SNAP for months, consistently speaking out about the impacts they will have on working families across Minnesota – like her own family, who relied on food assistance at various points during her childhood. Last month, Rep. Craig led a two-day markup during which she and her Democratic colleagues offered amendments to the budget bill, while Republicans were largely absent or silent. She also testified against the bill’s SNAP cuts before the House Committee on Rules during an overnight hearing that lasted more than 21 hours. 

    “The Republicans’ budget will make America hungrier, poorer and sicker. Parents struggling to afford groceries for their families and seniors living on fixed incomes will have their food taken away if this bill becomes law,” Rep. Craig said in response to House Republicans’ passage of their partisan budget bill. “At a time when grocery prices are going up and retirement accounts are going down, we must protect the basic needs programs that help people afford food and health care.”

    “As a mother and someone who needed food assistance at periods in my own childhood, I condemn this attempt to snatch food off our children’s plates to fund tax breaks for large corporations,” Rep. Craig continued. “I call on my Senate colleagues to stop this attack on working Americans that takes food away from families and threatens a full, five-year bipartisan farm bill.”

    Below is a timeline of Rep. Craig’s efforts to combat House Republicans’ reckless cuts to SNAP. 

    House Republicans’ budget bill shifts up to 25% of SNAP’s cost share from the federal government to individual states. In Minnesota, the state government would have to fill a $220 million gap in order to ensure that the more than 440,000 Minnesotans who receive food assistance through SNAP are able to stay on the program. 

    SNAP also helps support Minnesota’s economy. According to the Minnesota Department of Children, Youth, and Families $1.2 billion in SNAP benefits have been spent at Minnesota grocery stores, farmers markets and food retailers – generating up to $1.50 in economic activity for every dollar spent. 

    According to data from the National Grocers Association, SNAP supports 4,099 jobs, $206 million in wages, $18 million in state taxes and had a $616.7 million economic impact on retailers, grocers and supplier industries in the state. According to an analysis by the Center for American Progress, 88 retailers in Minnesota are in danger of closing due to these cuts. 

    ###

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI USA: Veterans fume after VA partially blames them for overpayments it claws back

    Source:

    Christopher Praino signed a waiver relinquishing his disability compensation from the Department of Veterans Affairs after he was ordered to active duty in fall 2019. 

    In a letter, the VA confirmed it would terminate his roughly $965 monthly payments because, by law, he could not receive both VA benefits and active-duty pay at the same time.  

    But the agency did not fully halt the payments. Instead, it sent various monthly amounts over the next three years, ranging from $0 to over $2,000, Praino’s records show. 

    “The VA never stopped,” he said, “after response after response, call after call, walk-in after walk-in.” 

    In 2023, despite Praino’s repeated efforts to rectify the inconsistent installments that should have ended years ago, the VA informed him in a letter that he owed nearly $68,000. That year, the government began automatically clawing some of the money out of his military paychecks, which he uses to support five children and his wife, leaving him in dire financial straits. 

    “No words can tell you the emotional, mental and physical heartache I have every day dealing with this,” he said. “It’s eating away at me.” 

    In a recent congressional oversight hearing focused on why the VA regularly overpays veterans and then asks for the money back, agency officials partially blamed veterans for the exorbitant errors, telling lawmakers that some veterans have been failing to report eligibility changes that would have lowered their monthly disability compensation or pension payments. 

    But Praino and two other veterans told NBC News they did notify the VA in a timely manner. Yet, records show the agency continued overpaying them for months, sometimes years, before asking for the money back.  

    The long-delayed adjustments, which can cause veterans to incur life-changing debts, may indicate another operational shortfall at the VA weeks after officials testified that the agency doles out about $1 billion in overpayments each year due to administrative errors and other factors. The VA overpaid about $5.1 billion in disability compensation and pension payments from fiscal year 2021 to fiscal year 2024, according to Rep. Morgan Luttrell, R-Texas, who chairs the House Subcommittee on Disability Assistance and Memorial Affairs. 

    The issue is recurring and getting worse, Luttrell told NBC News, even as the Trump administration has cut billions of dollars in grants and slashed thousands of federal jobs in an attempt to trim what it sees as waste and inefficiency in federal spending.  

    “It’s not the veterans’ fault,” Luttrell said. “It’s the system that is failing.” 

    In a statement, VA press secretary Peter Kasperowicz said the agency, under new leadership, is “working hard to fix longstanding problems, such as billions of dollars per year in overpayments.” 

    Luttrell said the overpayment issue is complex, largely stemming from tiers of human error and an outdated computer system that he said does not adequately allow information to be shared between local and national VA offices.  

    “You have to get the software to talk to each other. You have to get the veterans to communicate. You have to get the actors inside the VA to move accordingly, and then you have to make sure the system is lined out as it needs to be,” he said. “That is such a complex problem set to solve.” 

    ‘The processes are broken’ 

    In 2015, after his divorce was finalized, veteran Brent Aber said he went to his local VA’s office in Akron, Ohio, to remove his ex-wife as a dependent. 

    “I thought, OK, all is done,” he said.

    Aber said it felt like he was officially closing a difficult chapter in his life. But eight years later, another nightmare emerged when the national VA’s Debt Management Center sent him a letter, notifying him that he had to pay back more than $17,700.

    Aber, who served in both the Navy and Army for a dozen years, said he called the VA to find out how he accrued this debt. He said he was told that different VA computer systems do not communicate with one another, meaning the dependent removal may have never been registered nationally, and his monthly payments had not decreased as they should have. Kasperowicz, the VA spokesperson, disputed claims made by Aber and Luttrell about the computer systems, saying the VA has had a centralized claims system since 2013 that “ensures updated information is reflected” for each veteran. Upon follow-up, Luttrell could not be reached for comment on the VA’s dispute.

    Kasperowicz did not offer an explanation as to what happened in Aber’s case and said the VA has no record of his dependent change request from 2015. 

    Aber said he spent more than a year fighting the recoupment and claimed financial hardship. But in May, the VA began withholding nearly $500 from his monthly compensation payments until the debt is cleared.  

    To make up for the loss, Aber, who lost both of his legs in a training accident and is now mostly bedridden, said he stopped using a house cleaning service and is mostly eating cheaper, microwavable food.  

    “I provided all the paperwork at the time of the divorce, but that didn’t seem to matter,” he said.  

    The 50-year-old said the VA’s recoupment hurts more as he fights for medical care.  

    He said he has been struggling with severe pain and swelling since he underwent revision surgery on his limbs about two years ago with the hopes of getting fitted again for prosthetics.  

    While Aber said his primary care doctor referred him to an orthopedic surgeon with expertise in double amputations, he said the VA denied the referral.

    Kasperowicz said the “entirety of the VA Northeast Ohio Healthcare System orthopedic section” and other health care providers have evaluated Aber and “all have agreed that there are no additional surgical options that would provide him pain relief or improved function.”

    “The medical consensus is to continue amputee clinic, physical therapy, pain management and behavioral health treatments to address the complexity of his condition,” Kasperowicz said.

    Aber said the double battle he has been waging against the VA has left him feeling frustrated and betrayed.

    “I feel like I’ve been completely done wrong,” he said.

    In Bonaire, Georgia, veteran John Mullens reported a dependent change in February after his 18-year-old son became eligible for a separate VA educational benefit that provides monthly payments to cover the cost of school. By law, veterans cannot receive both benefits at the same time, which Mullens knew from his own research. NBC News reviewed records from his VA portal, showing he filed a request to remove a dependent on Feb. 18. The claim was assigned to a reviewer on Feb. 19, the portal shows. And there were no other updates until May when Mullens received a letter from the VA, alerting him to the duplicate payments, which the VA said resulted in about $340 in overpayments each month. 

    “They did nothing with the information and continued to overpay me,” Mullens, 55, said. “The processes are broken.” 

    Kasperowicz said it currently takes an average of about 21 days for the VA to remove a dependent and an average of about 91 days to add one. 

    Of the nearly $1.4 billion overpaid in fiscal year 2021, Kasperowicz said about $913 million was related to dependent changes. 

    The VA does not track data showing how many veterans in overpayment cases actually did report changes on time, Kasperowicz said. 

    The overpayments sometimes span many years. In 2023, the VA temporarily suspended the collection of pension debts for thousands of low-income wartime veterans and their survivors after the agency identified an issue with its income verification that led to overpayments between 2011 and 2022. 

    On May 14, Luttrell and other members of the House subcommittee pressed VA officials to explain how the agency planned to fix the problem. 

    Nina Tann, executive director of the VA’s compensation service, testified that the agency, which serves about 9.1 million people, has a “heightened risk” of making improper payments due to the large number of beneficiaries and the high-dollar amounts it doles out. 

    Tann said the agency has taken steps to prevent, detect and correct the issue, including being better about notifying veterans that they need to report changes. 

    Tann also said the VA fixed an administrative error in January that had been causing duplicate payments for about 15,000 veterans with dependents in fiscal year 2024. The agency did not force those veterans to repay the money, she said. 

    Kasperowicz said the VA does not seek to recoup overpayments when administrative errors, including issues related to the VA’s online filing platform, are to blame. 

    But Praino, who owes almost $68,000 after re-enlisting, said it has been challenging to prove the VA made an administrative error. 

    “They will not admit any mistake,” said Praino, 42, an Army sergeant first class, who has been serving in the National Guard full time since 2019.

    The VA did not immediately comment on Praino’s case. 

    The VA transferred Praino’s debt to the Treasury Department, which notified Praino in a December 2023 letter that it is required to withhold up to 15% of his federal wages. The Treasury Department began automatically garnishing about $800 from his monthly paychecks in 2023, according to documents provided by Praino. 

    Praino, who is based in Georgia, now takes home about $3,800 a month, which he said barely covers the rent. With car payments, student loans and other expenses and bills, Praino said he has been racking up his credit card with essential purchases like food for his family. 

    Praino said he has post-traumatic stress disorder, depression and traumatic brain injury after first serving in the Navy from 2001 to 2003 and then in the Army. 

    “When you add a financial crisis to the mix, and you’re continuing to serve, which is always a high-stress environment 24/7, my emotional state, my mental state, it is a wreck,” he said.

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI Europe: Answer to a written question – Tackling barriers to collecting road traffic fines and parking charges from foreign motorists – E-001123/2025(ASW)

    Source: European Parliament

    Parking policy and enforcement is primarily a municipal matter falling under Member States’ competence.

    Technical barriers to be addressed at national level in the future could include for example the use of the latest digital and technical interoperable solutions for parking to scan licence plates.

    As regards parking fees levied by city authorities, there is currently no EU legislation for the cross-border data transfer of vehicle- or vehicle holder-data to follow up parking offences, unless such offences constitute road safety related traffic offences (such as, dangerous parking).

    If so, Directive (EU)2015/413 as amended[1] will be applicable in the future and the EU-wide information exchange system (e.g. based on EUCARIS[2]) will be available for cross-border data exchange for enforcement purposes.

    For parking fees levied by private companies, the European Small Claims Procedure[3] to collect unpaid fees may be used.

    Council Framework Decision 2005/214/JHA on the application of the principle of mutual recognition to financial penalties[4] can be applied in cross-border cases for non-payment of financial penalties in case its strict conditions are met.

    The procedure applies to all offences for which financial penalties can be imposed, including road traffic offences. The final decision imposing the financial penalty must be issued by a criminal court or an administrative authority.

    In the latter case the law has to provide for the person concerned the opportunity to have their case tried by a court having jurisdiction in particular in criminal matters[5].

    Only the most severe parking offences (dangerous parking or stopping) meet these criteria. Member States can refuse to recognise and execute the decision, if the financial penalty is below EUR 70.

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:L_202403237.
    • [2] https://www.eucaris.net/.
    • [3] https://europa.eu/youreurope/business/dealing-with-customers/solving-disputes/european-small-claims-procedure/index_en.htm. The procedure covers claims up to EUR 5 000 (excluding expenses) in any EU country except for Denmark.
    • [4] OJ L 076 22.3.2005, p. 16.
    • [5] See Article 1 (a) (ii) and (iv) of Council Framework Decision 2005/214/JHA.
    Last updated: 2 June 2025

    MIL OSI Europe News –

    June 3, 2025

  • MIL-OSI USA: Ensuring New Yorkers Keep Cool during Extreme Heat

    Source: US State of New York

    n Global Heat Action Day, Governor Kathy Hochul highlighted new and enhanced resources available to protect New York communities from extreme heat this summer. Measures will help New Yorkers access affordable cooling at home and at cooling centers, provide additional support for cool and resilient buildings, help keep kids cool at schools, and offer new tools and expanded funding for communities to prepare for and adapt to extreme heat and mitigate urban heat islands. The New York State Department of Health also launched its interactive New York State Heat Risk and Illness Dashboard that will allow the public and county health care officials to determine the forecasted level of heat-related health risks in their areas and raise awareness about the dangers of heat exposure.

    “Scorching summer temperatures and increasing extreme weather events threaten the lives and well-being of New Yorkers across the state,” Governor Hochul said. “That’s why I’m directing State agencies to take action and ensure all New Yorkers can afford and access relief from the full spectrum of heat risks.”

    Heat waves and other extreme heat events are likely to happen again this summer and New York State agencies are working to implement initiatives recommended by the State’s Extreme Heat Action Plan to help New Yorkers prepare for heat’s negative health and environmental impacts. A range of new and enhanced resources are available for individuals, local governments, and community-based organizations, including:

    • New support for cooling at home: With the new Essential Plan Cooling program, NY State of Health will provide eligible Essential Plan members a free air conditioner to help keep their homes cool. This will complement assistance available in 2025 through the HEAP Cooling program which served more than 23,000 households in 2024.
    • Better access to cooling centers: New resources are available to help connect New Yorkers with safe spaces for cooling. The New York State Department of Health (DOH) and Division of Homeland Security and Emergency Services (DHSES) will continue to coordinate with local health departments and emergency managers to update the Cooling Center Finder throughout summer 2025. DOH offers new resources to provide information about best practices for setting up cooling centers and how these locations could serve as clean air centers. Round 8 of the Climate Smart Communities grant program is now open, making $22 million available to fund GHG mitigation and climate adaptation projects, including establishing cooling centers.
    • Additional support for cool buildings: Funding available through the New York State Energy Research and Development Authority (NYSERDA) supports weatherization and clean and efficient heating and cooling that can improve extreme heat resilience at homes, community anchor institutions, schools, and more. The Office of General Services’ new “Decarbonization and Climate Resiliency Design Guide” was released for new and majorly renovated State building projects to assess and reduce climate risk (including extreme heat and Urban Heat Islands) through proactive design.
    • New investments in cool schools: The Education Law newly requires public school districts and BOCES to develop an extreme heat policy, which establishes certain temperature thresholds. NYSERDA offers additional funding to install clean cooling and heating at schools, for example through funding as part of the Clean Water, Clean Air and Green Jobs Environmental Bond Act.
    • Enhanced tools and funding for cool communities: Preliminary extreme heat exposure maps and DOH’s Heat Vulnerability Index help communities understand exposure and vulnerabilities. Programs such as Climate Smart Communities fund communities in planning, designing, and implementation solutions. New and expanded funding supports nature-based solutions such as urban forests, urban farms, and community gardens to cool neighborhoods and mitigate heat islands. Governor Hochul’s New York Statewide Investment in More Swimming (NY SWIMS) initiative expanded outdoor swimming through the Connect Kids to Swimming Instruction Transportation grant program and advanced capital projects for swimming facilities in underserved communities through the NY SWIMS Round One competitive grant program.

    Implementation of the Extreme Heat Action Plan

    New York State also marks significant progress on the first year of implementation of the Extreme Heat Action Plan (EHAP) with the first readiness update now available. In June 2024, Governor Hochul, the State Department of Environmental Conservation (DEC), New York State Energy Research and Development Authority (NYSERDA), and the EHAP Work Group released the plan with nearly 50 actions by State agencies to address extreme heat impacts across four tracks (local planning and capacity building, community preparedness and workers’ safety, resilient buildings and access to cooling, and advancing ecosystem-based adaptations). DEC is coordinating the implementation of the plan in partnership with NYSERDA and the members of the Work Group, including the Division of Homeland Security and Emergency Services (DHSES) and the State Department of Health (DOH).

    During the first year implementing the plan, State agencies made significant progress in developing new resources that help communities address impacts of extreme heat. The full update on implementation progress is available here.

    Department of Environmental Conservation Commissioner Amanda Lefton said, “Extreme heat driven by our changing climate is contributing to serious public health consequences and threats to New Yorkers, particularly New Yorkers in communities of color and communities historically overburdened by pollution. DEC and our agency partners released the Extreme Heat Action Plan last year under Governor Hochul’s directive and applaud the significant programs and efforts underway to protect lives and advance efforts to ensure our communities are better prepared to respond to severe weather.”

    New York State Energy Research and Development Authority President and CEO Doreen M. Harris said, “On Global Heat Action Day, New York State is strengthening its commitment to providing access to reliable, efficient, and affordable cooling solutions in communities across the state. The resources announced today show tremendous progress in implementing the Extreme Heat Action Plan, assuring all New Yorkers – including the most vulnerable – that relief will be available during the hottest months of the year.”

    Staying Safe During Extreme Heat

    The dangers of extreme heat can affect everyone, regardless of age, physical shape, or existing health conditions. The body works extra hard to maintain a normal temperature during extreme heat and, without taking proper measures, this can lead to heat-related illness or even death.

    Division of Homeland Security and Emergency Services Commissioner Jackie Bray said, “Extreme heat can be deadly, so it’s important that New Yorkers take it seriously. Governor Hochul has made addressing extreme heat a priority as multiple days of high temperatures are becoming more common here in New York. Our state agencies have worked together to make resources available for communities and residents, including free air conditioners to help those eligible keep their homes cool and a comprehensive online tool to assist individuals looking for cooling centers. I urge everyone to prepare now for the extreme temperatures coming our way this summer.”

    State Health Commissioner Dr. James McDonald said, “As extreme heat becomes more frequent and severe due to climate change, it’s critical that we equip New Yorkers with the tools and resources they need to stay safe and healthy. These new initiatives will not only expand access to cooling centers and protect vulnerable populations, but also help build healthier, more resilient communities. We’re proud to work alongside Governor Hochul and our state partners to ensure that every New Yorker, especially those most at risk, can find relief from extreme heat.”

    Information about what the public can do during hot weather and how to locate cooling centers can be found on DOH’s Extreme Heat website.

    The Home Energy Assistance Program (HEAP) can also provide an air conditioning unit to income-eligible households that include someone with a documented medical condition exacerbated by extreme heat, or households with young children or older adults. Applications will continue to be accepted until funding runs out. For more information, visit the Office of Temporary and Disability Assistance website or contact your local office for the aging at 1-800-342-9871.

    Groups most at risk are:

    • People who work outdoors or indoors without air conditioning
    • Adults aged 60 years and older
    • Infants, children, and those who are pregnant
    • People with chronic health conditions
    • Those with physical and cognitive disabilities
    • Those with no access to air conditioning
    • Individuals who live alone or are unhoused
    • Athletes
    • Pets and service animals
    • People living in cities because asphalt and concrete store heat longer and release heat more slowly at night. This produces higher nighttime temperatures and is known as the “urban heat island effect.”

    Another important heat safety tip is to never leave children or pets unsupervised in hot cars. There is a real and severe danger when leaving children or pets unsupervised in a car even when temperatures don’t “feel” hot. At 60 degrees outside, after just one hour a closed car can get as hot as 105 degrees.

    Supporting Local Extreme Heat Action

    New York State continues to make investments in programs to help mitigate extreme heat and other climate impacts. Currently, $22 million is available through the Climate Smart Communities grant program to fund climate change mitigation and adaptation projects, including for projects that help communities plan for and adapt to extreme heat. The deadline for applications is July 31, 2025. More information is available on DEC’s website.

    New York State’s Climate Agenda

    New York State’s climate agenda calls for an affordable and just transition to a clean energy economy that creates family-sustaining jobs, promotes economic growth through green investments, and directs a minimum of 35 percent of the benefits to disadvantaged communities. New York is advancing a suite of efforts to achieve an emissions-free economy by 2050, including in the energy, buildings, transportation, and waste sectors.

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI USA: Oregon Delegation: Over $80 Million to Support ODOT’s Natural Disaster Recovery Efforts

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    June 02, 2025

    Washington, D.C. – Oregon’s U.S. Senators Jeff Merkley and Ron Wyden—along with U.S. Representatives Suzanne Bonamici (OR-01), Val Hoyle (OR-04), Andrea Salinas (OR-06), Maxine Dexter (OR-03), and Janelle Bynum (OR-05)—announced the Oregon Department of Transportation (ODOT) is receiving to $83,215,245 for work it completed to repair roads and other critical infrastructure that were deeply damaged during natural disasters. The federal funds from the Federal Highway Administration (FHWA) will be used to reimburse ODOT for its vital work that was needed to ensure communities across the state can continue to recover from years of severe weather events.

    “From the deadly 2020 Labor Day fires to last year’s ice storms, Oregonians in every corner of our state have faced deadly weather events in recent years, which have taken a heavy toll on the infrastructure needed to move safely,” said Merkley. “Supporting disaster recovery efforts should be a nonpartisan issue, and these critical federal funds will support ODOT’s work to repair and rebuild the roads and other important infrastructure that powers our communities. I will keep working to ensure Oregon has the tools needed to recover and become more resilient in the face of future storms while we take on the climate chaos that is intensifying these disasters.”

    “The ongoing climate crisis continues to fuel more extreme weather events and wildfires every year,” said Wyden. “Reliable infrastructure is essential to ensuring that first responders and crews are able to effectively protect our communities and beautiful outdoor spaces. I applaud this federal award to ODOT for crucial infrastructure projects across Oregon, and will continue to advocate for more resources to keep our communities safe and connected.”

    “Reliable roads are essential for safety, connections, and the economy,” said Bonamici. “This much-needed funding will make a significant difference in repairing important routes people use that were damaged by severe weather.”

    “These Emergency Relief grants are crucial for getting our roads and bridges repaired after wildfires and ice storms, especially as climate change continues to make both summer and winter weather events more frequent and more extreme,” said Hoyle. “Communities have been waiting for this support, and I’m glad to see the Department of Transportation respond to our delegation’s call. This funding means safer travel, faster recovery, and stronger communities. I’ll keep fighting to make sure Oregon gets the resources it needs to rebuild and prepare for the future.”

    “Wildfires, winter storms, and flash floods are becoming increasingly dangerous – and costly – for our communities,” said Salinas. “My Oregon colleagues and I have been working hard to secure the resources that our state needs to recover and rebuild from these disasters, including funding to repair damaged roads and highways. I’m glad that our efforts are paying off, and I look forward to seeing these dollars put to good use to improve the safety of all Oregonians.”

    “Strong infrastructure is essential to keeping Oregonians connected,” said Dexter. “This funding will help us rebuild roads and bridges damaged by the natural disasters that have become far too common. Every community deserves a transportation system that’s safe, resilient, and reliable—for our families and our economy.”

    “As wildfire seasons get worse and climate disasters happen more often, our communities and our constituents will need our help,” said Bynum. “We have to deliver the resources and support they need as soon as possible. This funding is critical in helping us rebuild the roads and infrastructure that Oregonians rely on for work, school, emergency services, and more.”

    The federal investments for Oregon come through eight awards under the U.S. Department of Transportation’s FHWA Emergency Relief Program, which helps communities hurt by natural disasters and catastrophic events by providing federal funding for them to repair damaged roads, bridges, and other critical infrastructure.

    “Oregon, like every state, relies on the federal government to support our response to disasters,” said ODOT Director Kris Strickler. “Having confidence in that support is critical to our ability to respond to crises at the scale they demand, repair our transportation system to keep Oregon’s economy moving, and to protect Oregonians from disasters like ice storms, wildfires and flash floods. I want to thank Senators Merkley and Wyden, the rest of Oregon’s federal delegation, and our federal partners for advocating for our state and for the safety of Oregonians.”

    Details of the federal funding for ODOT’s natural disaster recovery are as follows:

    • $30,735,975 to repair damages following the 2020 Labor Day fires. The wildfires statewide caused damage to federal-aid highways from fire, fallen trees, and falling rocks.
    • $23,210,956 for work that repaired damages sustained during severe winter weather in December 2022. The significant rains across Western Oregon caused flooding and landslides. One landslide threatened to block I-84, and a large portion of a hillside came down and wiped-out Highway 101.
    • $20,000,000 for infrastructure repairs following the January 2024 ice storm. This significant winter storm covered much of Oregon in ice, causing trees and power lines to come down across roads and damage signs. The same storm dropped several inches of rain in Southern Oregon, causing flooding and landslides.
    • $3,164,000 to repair damages following a series of severe winter storms in December 2021. The storms brought excessive rain and high winds across the state of Oregon, lasting until January 10, 2022. Multiple large landslides occurred, temporarily limiting access to I-84, OR 138, OR 30, and several others. Culverts blew out, causing multiple roadway collapses.
    • $2,765,399 for work to repair damages from severe storms in February 2019. The storms caused heavy snow and ice accumulation, high winds, flooding, landslides, and erosion in the southwestern and western parts of the state, resulting in critical transportation failures, loss of power and communications capabilities, and emergency mass care needs.
    • $2,500,000 for repairs following a series of severe storms in December 2023. The storm system brought heavy rains, flooding, and landslides to five counties and was so severe it caused two roads to collapse—Miami Foley and Sandlake in Tillamook County. It also caused the temporary closure of State Highways 101 and 26. Other federal-aid roads were damaged by scour, washouts, debris flows, and mudslides.
    • $538,915 for wildfire recovery efforts following the 2017 fire season. These fires significantly impacted transportation systems in the following counties: Coos, Curry, Deschutes, Douglas, Hood River, Jackson, Jefferson, Josephine, Lane, Linn, Marion, and Multnomah.
    • $300,000 for infrastructure recovery efforts following an atmospheric river in January 2021. The severe storm brought heavy rain across Oregon, causing flooding, landslides, roads to wash out on US 30, I-84, and sinkholes on Hwy 101 and many other major highways across Oregon in early January 2021.

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI United Kingdom: Applications Now Open for Highland Council’s Strategic Events Grant

    Source: Scotland – Highland Council

    The Highland Council is pleased to announce the official launch of its new Strategic Events Grant Fund, a £75,000 initiative designed to support the region’s dynamic events sector and strengthen the local economy during the quieter shoulder and off-season months.

    From today, Monday 2nd June, event organisers across the Highlands can apply for grants ranging from £3,000 to £10,000 to support public events scheduled between September 2025 and March 2026. The fund is part of the UK Shared Prosperity Fund (UKSPF) programme and aims to stimulate tourism, celebrate local culture, and encourage sustainable economic growth.

    Councillor Ken Gowans, Chair of the Economy and Infrastructure Committee, said:

    “We’re excited to officially open applications for this important fund. Events are a powerful way to bring communities together, attract visitors, and showcase the unique character of the Highlands. By supporting strategic events during the off-season, we’re helping to extend the tourism calendar and build a more resilient regional economy.”

    The fund is open to a wide variety of public events, including music, food and drink, cultural, sports, and nature-based festivals. Priority will be given to events that demonstrate strategic value, such as those that encourage overnight stays, promote responsible tourism, and align with national and regional strategies including Scotland the Perfect Stage 2024–2035 and The Highland Council’s Sustainable Tourism Strategy 2024–2030.

    Applications are open now and will close at midnight on Monday 30 June 2025. Successful applicants will be notified by mid-July.

    For full eligibility criteria and to apply, visit Apply for Event Funding | Organising Events | The Highland Council

    MIL OSI United Kingdom –

    June 3, 2025

  • MIL-OSI USA: Boyle Slams Trump Administration for Closing Local Job Corps Centers

    Source: United States House of Representatives – Congressman Brendan Boyle (13th District of Pennsylvania)

    PHILADELPHIA, PA — Today, Congressman Brendan F. Boyle (PA-02) issued the following statement in response to the Trump Administration’s order to shut down every Job Corps center nationwide—including the Keystone Center in Hazelton, the Philadelphia Center, and the Red Rock Center in Lopez—by June 30, 2025:

    “Job Corps centers are economic engines that support hundreds of good-paying local jobs, keep our communities thriving, and strengthen our broader economy. Closing them now delivers a devastating blow to working families, undermines the workforce pipeline Congress unanimously funded, and jeopardizes Pennsylvania’s economic health. I will continue fighting to keep these centers open, safeguard local jobs, and protect our state’s economic future.”

    Background:

    On May 29, 2025, the U.S. Department of Labor issued “Termination for Convenience” notices to all 99 Job Corps centers—ordering closures by June 30, 2025—despite funding having been appropriated through June 30, 2026.  Since 2023, more than 4,200 Pennsylvania residents have enrolled at these centers, which collectively train over 1,350 young adults each year, sustain nearly 450 local jobs, and generate more than $67 million annually for our economy. The Philadelphia Center alone serves 400 students in eight in-demand career areas—Construction, Healthcare, Culinary Arts, and Renewable Resources—employs 92 local staff, and contributes roughly $17 million each year to the region.

    ###

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI Europe: Written question – Strategic Dialogue with the defence industry in the context of the White Paper for European Defence Readiness 2030 – E-002087/2025

    Source: European Parliament

    Question for written answer  E-002087/2025
    to the Commission
    Rule 144
    Hannah Neumann (Verts/ALE)

    On 12 May 2025, a Strategic Dialogue between the Commission – represented by President von der Leyen and Commissioner for Defence and Space Kubilius – and the defence industry took place. This was followed on 19 May by an Implementation Dialogue with Commissioner Kubilius. Both events are part of the White Paper for European Defence Readiness 2030[1] process and aim to capture the industry’s perspective ahead of the Defence Omnibus.

    The Strategic Dialogue was organised with limited transparency: invitations were sent at short notice, the list of participating companies was limited and no information has been made public on the inputs from industry or the Commission’s response. President von der Leyen named six key challenges: fragmentation of demand and supply, regulatory barriers, access to raw materials, rapid innovation cycles, access to finance and skilled labour shortages. Small groups were formed to continue the exchange.

    I would therefore like to ask the Commission:

    • 1.What concrete industry inputs and demands were discussed, how did the Commission respond and what measures were considered in response to the six challenges?
    • 2.Does the Commission plan a regular dialogue with the defence industry beyond the omnibus, and how will transparency regarding participation and the content of discussions in future dialogues be ensured?
    • 3.On what basis were participating organisations selected?

    Submitted: 23.5.2025

    • [1] JOIN(2025)0120.
    Last updated: 2 June 2025

    MIL OSI Europe News –

    June 3, 2025

  • MIL-OSI Security: Spokane Dermatologist Agrees to Pay $1.4 Million to Resolve Claims of Fraudulently Obtaining COVID-19 Funds

    Source: US FBI

    Spokane, Washington – The United States Attorney’s Office announced William Philip Werschler, age 66, of Spokane, Washington, along with his businesses Spokane Dermatology Clinic, Premier Clinical Research L.L.C., and 3rd and Sherman Plaza L.L.C., have agreed to pay $1,400,000 to resolve claims under the False Claims Act related to alleged mis-spending of funds intended to benefit struggling businesses during the COVID-19 pandemic.

    On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The CARES Act provided a number of programs through which eligible small businesses could request and obtain relief funding intended to mitigate the economic impacts of the pandemic for small and local businesses. One such program, the Economic Injury Disaster Loan (EIDL) program, provided low interest loans that could be deferred until the conclusion of the pandemic to provide “bridge” funding for small businesses to maintain their operations during shutdowns and other economic circumstances caused by the pandemic.  EIDL funds were to be used solely as working capital to alleviate economic injury to a business caused by the COVID-19 disaster, such as paying payroll, health insurance premiums, rent, utilities, and fixed debt payments.  EIDL funds were not to be used for personal purposes or to obtain real property or to refinance indebtedness which was incurred prior to the disaster event is a prohibited use of EIDL funding.

    According to the settlement agreement, beginning no later than April 2020 and continuing until at least July 2022, Werschler applied for EIDL loans for his businesses: Spokane Dermatology Clinic, Premier Clinical Research, and 3rd and Sherman Plaza L.L.C. 

    Shortly after receiving EIDL funds, Werschler made personal purchases of a 2011 Porsche 911 GT3 and a 1997 Porsche Carrera for a total of $252,375.00.  Werschler also used $553,143 to purchase two properties across from his Spokane Dermatology Clinic.  The purchase of personal automobiles and real property are both contrary to the proper use of EIDL funds.  The global resolution entered into by Werschler and his companies also resolved related criminal charges.

    This case was investigated by the IRS Criminal Investigations, the FBI, and the Small Business Administration Office of Inspector General. 

    The settlement agreement can be viewed at the link below.

    MIL Security OSI –

    June 3, 2025

  • MIL-OSI Europe: Written question – Integration of digital creativity and video game development into secondary education curricula in the EU – E-002063/2025

    Source: European Parliament

    Question for written answer  E-002063/2025
    to the Commission
    Rule 144
    Andi Cristea (S&D)

    Romania has recently approved a new high school curriculum entitled ‘Video Game Development’, as an integrated optional subject in upper secondary education (high school), under the ‘Curriculum at the School’s Decision’ framework.

    This curriculum fosters digital skills, creativity and project-based learning by combining programming, digital art, design, storytelling and teamwork. The video game sector is a fast-growing part of the European digital economy and a key domain for innovation and youth engagement.

    In view of this development and in line with the EU’s Digital Education Action Plan and Creative Europe programme:

    • 1.In what ways does the Commission encourage Member States to incorporate digital creative industries, such as video game development, into their secondary education curricula or facilitate this, given that education policy remains a national competency?
    • 2.Would the Commission be willing to develop or promote a set of European guidelines or a best-practice framework to support Member States interested in integrating video game development and digital storytelling into their education systems, considering that education is primarily a national responsibility?

    Submitted: 22.5.2025

    Last updated: 2 June 2025

    MIL OSI Europe News –

    June 3, 2025

  • MIL-OSI Europe: Answer to a written question – Foreign entities funding EU media – E-001452/2025(ASW)

    Source: European Parliament

    The Commission does not have an overview of media supported by US organisations and has no authority to ask funders or their beneficiaries to share that information.

    The EU has taken several measures to safeguard media independence and prevent undue influence from third countries. The provisions of the European Media Freedom Act[1], applicable from 8 August 2025, establish transparency requirements for media ownership and state advertising revenues, including from third-country public authorities or entities.

    They also mandate that public funds for state advertising in media or supply or service contracts with media be allocated using transparent, proportionate, and non-discriminatory criteria.

    The Commission also co-finances the Media Pluralism Monitor[2] and a media ownership monitoring project[3]. However, these measures do not include monitoring of external funding.

    The Commission has no detailed information on the extent to which foreign subsidies received by EU media and journalists are subject to income tax in their country of residence. Support to the press and the media often takes the form of tax credits or lower VAT rates, irrespective of the source of income.

    Such taxation falls within the competence of Member States, who have the right to design and organise their own tax systems, provided they abide by the provisions of the Treaty on the Functioning of the European Union.

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L_202401083.
    • [2] https://cmpf.eui.eu/media-pluralism-monitor-2024/.
    • [3] https://media-ownership.eu/.
    Last updated: 2 June 2025

    MIL OSI Europe News –

    June 3, 2025

  • MIL-OSI Europe: Answer to a written question – Transformation of the EU – from peace project to war economy – E-001164/2025(ASW)

    Source: European Parliament

    The European Union was founded as a peace project — and it remains one. But peace is not self-sustaining. In an era of rising threats, the Union and its Member States must be prepared to defend themselves and to deter any actor that seeks to challenge EU security or weaken EU democracies.

    The Union and its Member States need to be ready, even for the most extreme military contingencies such as armed aggression. This is the goal of the ReArm Europe Plan and the White Paper on European Defence — Readiness 2030[1].

    The Commission proposal for the Security Action for Europe (SAFE) instrument is fully in line with the Treaty. Once adopted, it will provide loans to Member States to help them boost their defence capabilities through common procurement. This will reinforce the competitiveness and readiness of the European defence industry.

    While defence remains firmly within national competence, and Member States retain full sovereignty over their armed forces — from doctrine to deployment — the EU plays a complementary role. The evolving security landscape requires enhanced cooperation among Member States, including in the field of defence.

    The Treaty on European Union, particularly Article 42, provides a legal basis for developing a Common Security and Defence Policy, which respects the specific character of national defence policies.

    Recent defence related initiatives aim to support and enhance national efforts, particularly by reinforcing the European Defence Technological and Industrial Base, which is a critical pillar of the EU’s overall defence readiness.

    • [1] https://commission.europa.eu/document/download/e6d5db69-e0ab-4bec-9dc0-3867b4373019_en?filename=White%20paper%20for%20European%20defence%20%E2%80%93%20Readiness%202030.pdf.
    Last updated: 2 June 2025

    MIL OSI Europe News –

    June 3, 2025

  • MIL-OSI: Lendmark Financial Services Continues Wisconsin Expansion with Beaver Dam Branch, Marking its 11th Portfolio Opening in 2025

    Source: GlobeNewswire (MIL-OSI)

    BEAVER DAM, Wis., June 02, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Wisconsin footprint, opening a new branch in Beaver Dam.

    The branch, located at 1659 N. Spring Street, Suite 103, is expected to serve hundreds of customers, retailers, and auto dealerships in its first year. Branch Manager Michelle Lischka will oversee the daily operations, focusing on building strong personal relationships with customers and becoming an active part of the community. The goal is to ensure that local residents receive exceptional, personalized loan services tailored to their specific financial needs.

    “Centrally located between Madison, Milwaukee and the Fox Valley, Beaver Dam combines easy city access with its unique blend of natural beauty. The residents of this community now will have greater access to loans that help meet their planned and unplanned financial needs,” said Mike McIntire, Vice President of Branch Operations at Lendmark. “Beaver Dam is a bustling town, and our new branch brings Lendmark’s top-notch customer service and consumer loan solutions to this economy.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 920-557-3264.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 520 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network –

    June 3, 2025

  • MIL-OSI USA: SCHUMER STATEMENT ON COMPLETION OF ALSTOM’S $75 MILLION, 250+ JOB EXPANSION AT HORNELL CAR BODY SHELL PRODUCTION FACILITY; SENATOR SECURED $3.4 MILLION IN FED FUNDING TO BRING EXPANSION TO LIFE &…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Washington, D.C. – U.S. Senator Chuck Schumer today released the following statement on the completion of Alstom’s Plant 4, a new $75 million, 250+ job expansion at its Hornell campus, to house a new state-of -art, car body shell production facility to support production of 200 new multi-level commuter cars for the Chicago Metra Commuter Rail System, and enhance the company’s competitiveness for future projects in Hornell. In 2021, Schumer helped secure $3.4 million in critical federal funding to make the construction of Alstom’s Plant 4 a reality. 

    “It’s full steam ahead for Plant 4, Alstom’s new Hornell cutting-edge manufacturing facility! I was proud to secure $3.4 million in federal funding to put Alstom on the fast track to expand and house this new manufacturing facility. The opening of Plant 4 today is a win-win-win for American manufacturing leadership, the Southern Tier economy, and Alstom’s powerhouse union workforce, getting even stronger with 250 new good-paying jobs,” said Senator Schumer. “Today, Alstom solidifies the Southern Tier and New York State as the beating heart for its North American operations. I’ve long fought to support Alstom’s growth in Steuben County and will continue to fight to ensure Hornell has the resources it needs to be one of the nation’s main hubs for rolling stock manufacturing.”

    In 2021, after his direct advocacy, Schumer announced a $3.4 million federal grant from the Economic Development Administration to the Hornell IDA to make improvements to the Shawmut Park site to pave the way for Alstom’s facility expansion. Schumer explained that the project allowed Alstom to build one of the only U.S.-based manufactured rail car shell operations, onshoring manufacturing from overseas and bolstering the rolling stock domestic supply chain. Schumer also helped support Alstom’s successful bid to make passenger rail cars for the Chicago Metra Commuter Rail System at its Hornell facility. 

    Schumer, a long-standing fighter for Alstom, its workers, and the City of Hornell, has worked tirelessly to support growth at its Steuben County facility, a site that for more than 170 years has been manufacturing and servicing high-quality trains in Hornell. Through his efforts, the workforce has doubled, and the facility has expanded, cementing Alstom and Hornell’s future as a leader in rail car manufacturing in North America.  He led the charge, urging USDOT to green light Amtrak’s efforts to buy brand new Next Generation High-Speed trains, a necessary step to keep Alstom’s Acela contracting opportunity on track, paving the way for them to compete and win the prestigious contract to build a replacement fleet of Acela high speed trains, adding an estimated 400 jobs at Alstom in Hornell and helping attract over 50 other supplier companies.

    Most recently, he successfully delivered nearly $16 million to the Steuben County IDA, who in partnership with Alstom, Norfolk Southern Railway, and Binghamton University’s New Energy New York (NENY) consortium, will develop next generation battery technology for more energy-efficient trains.

    MIL OSI USA News –

    June 3, 2025

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

    Source: IMF – News in Russian

    June 2, 2025

    • Growth is expected to decelerate to 2.5 percent in 2025 and stabilize at 3 percent in the medium term as Cyprus shifts towards more investment-driven growth.
    • The fiscal surplus reached an impressive 4.3 percent of GDP in 2024, while public debt declined to 65 percent of GDP. Fiscal policy should continue to prioritize debt reduction to further build buffers against potential shocks.
    • The banking sector boasts substantial capital and liquidity buffers, with financial risks appearing well-contained. The recent tightening of the macroprudential policy stance, will further enhance these financial buffers.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Cyprus and endorsed the staff appraisal without a meeting.[1] The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    In 2024, Cyprus’s growth accelerated to 3.4 percent—one of the highest rates in the euro area (EA)—driven by a strong tourism season, continued Information and Communication Technology (ICT) sector expansion, and robust public and private consumption. While inflation has remained volatile, it has generally decreased, with headline inflation falling to 2.1 percent by March 2025. Fiscal performance continues to be very strong, with the fiscal surplus increasing to 4.3 percent of GDP in 2024, supported by robust tax revenues. As a result, public debt has declined to 65 percent of GDP by the end of 2024, while cash buffers remain large. Financial conditions remain tight, accompanied by subdued credit growth. Nevertheless, the banking sector possesses sizable capital and liquidity buffers, and overall banking sector risks appear contained.

    Growth is expected to moderate to 2.5 percent in 2025 before reaching 3 percent in the medium term, driven by higher investment and structural reforms. Inflation is anticipated to hit the 2 percent target later this year, supported by moderating growth and lower oil prices. Near-term risks are tilted to the downside, including from elevated uncertainty from global trade tensions. In contrast, longer-term risks are more balanced, with risks on insufficient progress on structural reforms acting against the upside potential of Cyprus’s evolving business model.

    Executive Board Assessment

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

    Cyprus has demonstrated remarkable economic resilience, with growth among the highest in the EA. This strong performance is underpinned by robust service exports and domestic consumption. The labor market remains tight, characterized by a declining unemployment rate and elevated job vacancy levels. While uncertainties persist, there are indications of potential overheating in the economy. This, along with tariff-related trade disruption, will lead growth to moderate this year. While volatile, inflation is projected to stabilize around 2 percent by the end of the year. The current account deficit is estimated to have moderated in 2024, but the external position is assessed to be weaker than the level implied by fundamentals.

    The immediate outlook presents downside risks, while longer-term risks appear more balanced. An escalation of trade conflicts—particularly if this broadened to include services trade and FDI—poses an important downside risk. An escalation of regional tensions, and possible new energy price shocks, could affect FDI, tourism, and inflation. Domestically, there are concerns about further overheating, which may arise from a more accommodative fiscal policy. In the medium-to-long term, investment-driven growth will rely on continuous progress in structural reforms. On the upside, Cyprus’s agile and dynamic economy offers substantial potential for growth.

    Cyprus’s strong fiscal position has reduced vulnerabilities. In 2024, the primary fiscal surplus reached 5.6 percent, fueled by significant revenue growth that more than compensated for increased public wages and social transfers. As a result, public debt decreased to 65 percent of GDP by the end of 2024, with substantial cash reserves supporting liquidity. This further increased resilience, built policy space for future shocks, and improved investor sentiment.

    Fiscal policy should continue to prioritize debt reduction. Given overheating risks, it is crucial to avoid new discretionary measures that would ease fiscal policy and add to inflationary pressures. Instead, efforts should focus on reducing debt well below 60 percent of GDP, thereby ensuring a robust buffer against potential shocks. The authorities’ commitment to maintaining fiscal surpluses through 2028, as specified in the MTFSP under the new EU economic governance framework, supports this goal.

    As spending pressures increase, careful management of fiscal space is essential. The financial commitments required for achieving climate and digital transitions will persist beyond the end of EU RRP funding. Additionally, an aging population will necessitate higher expenditures on pensions and healthcare, alongside other long-term expenditures. As a result, the scope for fiscal loosening in the medium term is constrained.

    Public spending should emphasize investment while retaining flexibility in response to economic shocks. Capital expenditures should take precedence to enhance potential growth and facilitate the climate transition. At the same time, expanding current spending—such as increasing public wages, broadening subsidies, or introducing untargeted social programs—should be avoided. Specifically, the authorities should resist further increases to the COLA indexation or new ad-hoc salary increases to contain the existing substantial public-private wage gap and prevent additional pressure on real wage growth.

    The banking sector boasts substantial capital and liquidity buffers, with financial risks appearing well-contained. Profitability metrics have reached record highs for the second consecutive year, and capitalization levels are now among the highest in Europe. Despite elevated interest rates, asset quality continues to improve, supported by strong economic growth. Nonetheless, ongoing vigilance is essential, particularly concerning the real estate sector.

    Recent tightening of the macroprudential policy stance will enhance financial buffers further. The announced increase in the CCyB will bolster resilience by securing already high capital buffers without adversely affecting credit availability or economic growth. In the future, careful calibration of macroprudential policies should continue to strike a balance between financial stability and effective credit intermediation.

    Although legacy NPLs continue to decrease, they remain at elevated levels. Most NPLs have been successfully transitioned away from the banking sector and do not pose a significant issue for financial stability. The ongoing resolution of legacy NPLs is expected to accelerate, given the full operationalization of the foreclosure framework and a strong uptake of the mortgage-to-rent scheme. Resolving legacy NPLs is expected to help mobilize domestic capital.

    Structural reforms aimed at enhancing judicial efficiency and boosting labor productivity are vital for fostering long-term growth. With employment levels already high, capital deepening will increasingly drive growth. Consequently, policies must create a stable and streamlined business environment conducive to investment. Additional efforts are required in the judicial sector to strengthen the institutional framework for insolvency and creditor rights and to improve court efficiency. Labor policies should focus on addressing skill gaps and mismatches and engaging remaining segments of the labor force, particularly among youth and the long-term unemployed.

    Key energy projects and reforms must be expedited to reduce energy costs, enhance energy security, and fulfill climate commitments. Completing the LNG terminal and improving electricity interconnectedness would represent significant progress toward these objectives. Additionally, increasing competition in the electricity market would help lower costs and emissions through market forces. The planned introduction of green taxation would further facilitate the energy transition.

    Maintaining a strong AML framework is vital for mitigating reputational risks and business uncertainty. Ongoing efforts to broaden the definition of obliged entities for AML supervision are commendable. Furthermore, the proposed establishment of the National Sanctions Implementation Unit at the Ministry of Finance will enhance clarity for reporting entities regarding compliance with sanctions.

    Table 1. Cyprus: Selected Economic Indicators, 2021–2030

     

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

     

     

     

     

     

    Projections

    Real Economy

    (Percent change, unless otherwise indicated)

       Real GDP

    11.4

    7.2

    2.8

    3.4

    2.5

    2.7

    3.0

    3.0

    3.0

    3.0

     Domestic demand

    5.6

    8.5

    5.2

    0.7

    4.6

    3.6

    3.6

    3.5

    3.4

    3.2

       Consumption

    5.7

    8.5

    4.8

    3.3

    3.2

    2.6

    2.8

    2.9

    2.8

    2.8

         Private consumption

    4.7

    9.8

    5.9

    3.8

    2.8

    2.9

    3.2

    3.2

    3.2

    3.1

         Public consumption

    8.9

    4.7

    1.2

    1.5

    4.4

    1.4

    1.2

    1.7

    1.7

    1.7

    Gross capital formation

    5.0

    8.5

    6.6

    -9.5

    10.5

    7.8

    7.0

    6.0

    5.5

    4.5

     Foreign balance 1/

    5.8

    -1.1

    -2.3

    3.0

    -1.9

    -0.9

    -0.7

    -0.5

    -0.4

    -0.3

       Exports of goods and services

    27.2

    27.1

    -2.8

    5.3

    4.0

    4.1

    4.0

    4.0

    4.0

    4.0

       Imports of goods and services

    19.6

    29.7

    -0.7

    2.4

    6.1

    5.1

    4.6

    4.5

    4.4

    4.2

    Potential GDP growth

    5.5

    6.1

    4.4

    3.3

    3.0

    2.9

    2.9

    3.0

    3.0

    3.0

    Output gap (percent of potential GDP)

    0.9

    2.0

    0.4

    0.6

    0.2

    -0.1

    0.0

    0.0

    0.0

    0.0

    HICP (period average, seasonally-adjusted)

    2.3

    8.1

    3.9

    2.3

    2.2

    2.0

    2.0

    2.0

    2.0

    2.0

    HICP (end of period, seasonally-adjusted)

    4.8

    7.6

    1.9

    3.1

    2.0

    2.0

    2.0

    2.0

    2.0

    2.0

    GDP deflator

    3.0

    6.7

    3.8

    3.5

    4.7

    1.6

    1.5

    1.5

    1.5

    1.6

    Unemployment rate (percent, period average)

    7.2

    6.3

    5.8

    4.9

    4.8

    5.0

    5.0

    5.0

    5.0

    5.0

    Employment growth (percent, period average)

    3.5

    5.0

    2.8

    1.5

    0.9

    0.8

    0.9

    0.8

    0.8

    0.8

    Labor force

    3.0

    4.0

    2.3

    0.4

    0.8

    1.0

    0.9

    0.8

    0.8

    0.8

    Public Finance

    (Percent of GDP, unless otherwise indicated)

       General government balance

    -1.6

    2.7

    1.7

    4.3

    3.8

    3.5

    2.4

    2.1

    1.9

    1.6

          Revenue

    41.0

    40.6

    43.7

    44.3

    44.7

    44.3

    43.3

    43.2

    43.2

    43.2

          Expenditure

    42.6

    38.0

    42.0

    40.0

    40.9

    40.8

    40.8

    41.1

    41.4

    41.6

       Primary Fiscal Balance

    0.1

    4.0

    3.0

    5.6

    5.2

    4.8

    3.8

    3.4

    3.1

    2.9

       General government debt

    96.5

    81.1

    73.6

    65.1

    60.2

    54.9

    49.7

    44.5

    41.2

    38.3

    Balance of Payments

       Current account balance

    -5.4

    -5.4

    -9.7

    -6.1

    -7.1

    -7.7

    -8.2

    -8.7

    -9.1

    -9.4

          Trade Balance (goods and services)

    4.7

    3.6

    1.0

    3.6

    2.5

    1.8

    1.1

    0.5

    0.2

    0.0

             Exports of goods and services

    90.8

    105.6

    97.2

    96.7

    95.8

    97.4

    98.4

    99.5

    100.5

    101.5

             Imports of goods and services

    86.1

    102.0

    96.1

    93.1

    93.2

    95.6

    97.3

    98.9

    100.3

    101.6

          Goods balance

    -16.9

    -19.7

    -23.7

    -20.4

    -20.4

    -21.4

    -22.4

    -23.3

    -24.2

    -24.9

          Services balance

    21.6

    23.3

    24.7

    24.0

    22.9

    23.2

    23.5

    23.9

    24.4

    24.9

          Primary income, net

    -8.9

    -7.9

    -9.6

    -8.9

    -8.6

    -8.5

    -8.4

    -8.3

    -8.3

    -8.3

          Secondary income, net

    -1.2

    -0.7

    -1.1

    -0.8

    -1.0

    -1.0

    -1.0

    -1.0

    -1.0

    -1.0

    Capital account, net

    0.2

    0.1

    -0.1

    0.2

    0.2

    0.2

    0.1

    0.1

    0.1

    0.1

    Financial account, net

    -7.6

    -6.2

    -8.7

    -5.9

    -6.9

    -7.5

    -8.2

    -8.6

    -9.1

    -9.3

       Direct investment

    -3.3

    -27.2

    -21.0

    -18.0

    -18.0

    -18.1

    -18.3

    -18.3

    -18.5

    -18.6

       Portfolio investment

    3.9

    3.9

    11.0

    4.9

    5.8

    3.6

    4.2

    3.5

    1.5

    2.6

       Other investment and financial derivatives

    -9.6

    16.8

    1.2

    7.2

    5.3

    7.0

    5.9

    6.2

    7.9

    6.7

       Reserves ( + accumulation)

    1.4

    0.3

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Program financing 2/

    0.0

    0.0

    0.0

    0.0

    -1.0

    -2.7

    -2.5

    -2.4

    -2.4

    -2.0

    Errors and omissions

    -2.5

    -0.9

    1.1

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Saving-Investment Balance

    National saving

    13.8

    14.9

    11.8

    14.4

    13.7

    13.6

    13.4

    13.3

    13.2

    13.1

      Government

    1.8

    5.8

    6.7

    7.9

    7.8

    7.3

    6.3

    6.1

    6.1

    5.8

      Non-government

    12.0

    9.0

    5.1

    6.5

    5.9

    6.3

    7.1

    7.2

    7.1

    7.3

    Gross capital formation

    19.2

    20.3

    21.4

    20.5

    20.8

    21.3

    21.7

    22.1

    22.4

    22.5

      Government

    3.5

    3.2

    5.0

    3.6

    3.9

    3.8

    3.9

    4.1

    4.2

    4.2

      Private

    15.8

    17.1

    16.4

    16.9

    16.9

    17.4

    17.7

    18.0

    18.1

    18.2

    Foreign saving

    -5.4

    -5.4

    -9.7

    -6.1

    -7.1

    -7.7

    -8.2

    -8.7

    -9.1

    -9.4

    Memorandum Item:

       Nominal GDP (billions of euros)

    25.7

    29.4

    31.3

    33.6

    36.0

    37.6

    39.3

    41.1

    42.9

    44.9

       Structural primary balance

    -0.4

    3.3

    2.6

    5.3

    5.2

    4.8

    3.8

    3.4

    3.1

    2.9

    External debt

    994.1

    879.7

    828.3

    767.6

    706.8

    669.0

    631.4

    595.8

    564.1

    534.0

    Net IIP

    -105.7

    -95.2

    -92.7

    -98.5

    -99.3

    -102.6

    -106.9

    -111.7

    -114.6

    -118.8

    Sources: Cystat, Eurostat, Central Bank of Cyprus, and IMF staff estimates.

    1/ Contribution to real GDP growth

    2/  Program financing (+ purchases, – repurchases) is included under the Financial Account, with consistent sign conversion

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board. The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/cyprus page.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Boris Balabanov

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/02/pr-25171-cyprus-imf-concludes-2025-art-iv-consultation

    MIL OSI

    MIL OSI Russia News –

    June 3, 2025

  • MIL-OSI Global: What are Canada’s governing Liberals going to do about AI?

    Source: The Conversation – Canada – By Jake Pitre, PhD Candidate in Film & Moving Image Studies, Concordia University

    Fresh off his election victory, Prime Minister Mark Carney has been focused on standing up to Donald Trump’s claims on Canada as the 51st state and American tariffs. But while that political drama unfolds, one topic that seems to have quietly slipped under the radar is the rise of artificial intelligence.

    Despite its transformative impact on everything from jobs to national security, AI received surprisingly little attention during the campaign and in the first weeks following Carney’s victory. The consequences of that lack of attention are already starting to show, as emissions and electricity costs continue unabated without a clear vision of where AI fits in.



    Read more:
    Anxious over AI? One way to cope is by building your uniquely human skills

    Although Carney has appointed former journalist Evan Solomon as Canada’s first-ever AI minister, it’s not yet clear what action the Liberal government plans to take on AI.

    The Liberals’ “Canada Strong” plan outlining the prime minister’s proposals is scarce on details. Still, it provides some clues on how the Liberals see AI and what they believe it offers to the Canadian economy — and also what they seem to have misunderstood.

    Economy of the future?

    First, the plan includes some robust initiatives for improving Canada’s digital infrastructure, which lags behind other leading countries, especially in terms of rural broadband and reliable cell service.

    To accomplish these goals, the Liberals say they’ll incentivize investment by “introducing flow-through shares to our Canadian startup ecosystem…to raise money faster” for AI and other technologies.

    In other words, they will reuse the model of mining and oil companies whereby investors can claim a tax deduction for the same amount as their investment. A major question is whether Canada’s investment ecosystem has enough big players willing to take these risks.

    The plan gets less promising as it comes to the implementation of AI within “the economy of tomorrow.”

    The Liberals say they plan to build more data centres, improve computing capacity and create digital supply chain solutions “to improve efficiency and reduce costs for Canadians.”

    All that that sounds OK — so far. But how will they do this?

    Connecting AI with Armed Forces

    The Liberals plan to establish the Bureau of Research, Engineering and Advanced Leadership in Science (BOREALIS), linking AI development directly to the Canadian Armed Forces and the Communications Security Establishment Canada, which provides the federal government with information technology security and foreign signals intelligence.

    This approach to AI is focused on what it offers to Canada’s defence, whether by manufacturing semiconductors or improving intelligence gathering, so that it can rely less on the U.S. Similarly, Canadian defence tech firms will access funding to help reduce dependence on American suppliers and networks.

    The Liberals are pledging sovereignty and autonomy for Canada’s defence and security, all enabled by “the construction and development of AI infrastructure.”

    What goes unsaid is the intense power needs of data centres, and the consequences for emissions and climate action of “building the next generation of data centres” in Canada.

    Climate concerns

    New data centres cannot be built without also constructing more renewable energy infrastructure, and none of this addresses emissions or climate change.

    If the centres crop up in big numbers as planned, Canadians could also see their electricity costs go up or become less reliable.

    That’s because finding space within the existing grid is not as easy as it may sound when AI data centres require over 100 megawatts (MW) of electricity demand versus five to 10 MW for a regular centre.

    With the rapidly evolving market for AI-based data centres, Canadian policymakers need to provide clear guidance to utilities in terms of their current decisions on competing industrial-scale demands. As the Canadian Climate Institute points out: “Anything less risks higher rates, increased emissions, missed economic opportunities — or all of the above.”

    So far, the Liberal plan fails to address any of these concerns.

    A Canadian department of efficiency?

    What else does the “economy of tomorrow” hold?

    Apparently, it means more efficient government. According to the Liberal plan, AI “is how government improves service delivery, it is how government keeps up with the speed of business, and it is how government maximizes efficiency and reduces cost.”

    Despite otherwise clashing with the Trump administration, this language is reminiscent of Elon Musk’s Department of Government Efficiency (DOGE), which has also centred its use of AI.



    Read more:
    DOGE’s AI surveillance risks silencing whistleblowers and weakening democracy

    The Liberals will open an Office of Digital Transformation, which aims to get rid of red tape and “reduce barriers for businesses to operate in Canada.”

    They don’t seem to really know what this would actually look like, however. They say: “This could mean using AI to address government service backlogs and improve service delivery times, so that Canadians get better services, faster.”

    Their fiscal plan points out that this frame of thinking applies to every single expenditure: “We will look at every new dollar being spent through the lens of how AI and technology can improve service and reduce costs.”

    The economy will also benefit, the government argues, from AI commercialization, with $46 million pegged over the next four years to connect AI researchers with businesses.

    This would work alongside a tax credit for small and medium-sized businesses to “leverage AI to boost their bottom lines, create jobs, and support existing employees.”

    But a new report by Orgvue, the organizational design and planning software platform, shows that over half of businesses that rushed to impose AI just ended up making their employees redundant without clear gains in productivity.

    Creating a tax credit for smaller companies to introduce AI seems like a recipe for repeating the same mistake.

    Protect Canadians with good AI policy

    Much of the Liberal plan seems to involve taking risks. There’s a shortsightedness on this rapidly advancing technology that requires significant guardrails.

    The government seem to view AI as a solutions machine, buying into the hype around it without taking the time to understand it.

    As policy is properly hashed out in the weeks and months to come, the Liberals’ feet will have to be held to the fire on the issue of AI. Canadians must benefit from its limited uses and be protected from its abuses.

    Jake Pitre 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. What are Canada’s governing Liberals going to do about AI? – https://theconversation.com/what-are-canadas-governing-liberals-going-to-do-about-ai-257537

    MIL OSI – Global Reports –

    June 3, 2025

  • MIL-OSI USA: $21.6M Awarded to Support NY Dairy Farms

    Source: US State of New York

    overnor Kathy Hochul today announced nearly $21.6 million has been awarded to 103 farms across the state through the Dairy Modernization Grant Program to support New York’s dairy industry. The funding, first announced in the Governor’s 2024 State of the State address, will help New York’s dairy farmers and dairy cooperatives invest in new equipment, expand storage capacity, and strengthen their operations, particularly as they face extreme weather events, providing a critical boost to New York’s dairy industry. The announcement comes as the State officially kicks off the celebration of Dairy Month this June.

    “New York’s dairy industry is the backbone of our agricultural economy, supporting thousands of jobs across our rural communities,” Governor Hochul said. “With this $26 million investment through the Dairy Modernization Grant Program, we’re giving hardworking dairy farmers and cooperatives the tools they need to grow, innovate and lead in a changing market. This is how we honor our agricultural legacy — by making sure it has a strong and sustainable future.”

    The awards were announced this morning at a special event at Glory Days Farm, a 120-cow dairy farm in Lowville, Lewis County. New York State Agriculture Commissioner Richard A. Ball was joined by partners from the Farm and Food Growth Fund (FFGF), who administer this grant program on behalf of the Department, in addition to other North Country dairy farm awardees, Lowville Producers Dairy Cooperative Inc., New York Farm Bureau, Cornell Cooperative Extension, the Lewis County Soil and Water Conservation District, and elected officials to celebrate these awardees.

    As part of the program, Glory Days Farm, a New York State Grown & Certified participant, will now be able to install new equipment needed on the farm, including a 3,000-gallon bulk tank, washer, two new compressors, and a permanent generator to maintain power supply in the event of extreme weather. The project will improve storage capacity, which will prevent dumped milk and provide a cost savings to Glory Days Farm by allowing them to move to every-other-day milk pickup and reducing stop and hauling costs. New cooling technology will help the farm save energy and ensure milk quality, while the on-demand generator will allow for milk transfer in the event of disruptions.

    A regional breakdown of the awards made across the State is listed below. A complete list of projects awarded for a total of $21.57 million can be found here.

    • Capital Region: nine farms were awarded a total of nearly $1.8 million.
    • Central New York: 18 farms were awarded a total of more than $3.9 million.
    • Finger Lakes: 20 farms were awarded a total of more than $4.3 million.
    • Mid-Hudson: One farm was awarded more than $147,000.
    • Mohawk Valley: 11 farms were awarded a total of more than $2.1 million.
    • North Country: 15 farms were awarded a total of more than $3.3 million.
    • Southern Tier: 13 farms were awarded a total of nearly $2.6 million.
    • Western New York: 13 farms were awarded a total of more than $2.7 million.

    The Dairy Modernization Grant program awarded eligible applicants for projects to expand on-farm milk storage capacity, improve the transportation and storage of milk, and strengthen the dairy industry. The program supports the needs of dairy farmers by facilitating the installation of critical technological and infrastructural improvements that will improve dairy supply chain efficiency and avoid the need for raw milk dumping during emergency events.

    Funding for the Dairy Modernization Grant Program is a part of Governor Hochul’s 2024 State of the State and her overarching commitment to the dairy industry, including additional funds dedicated in the FY26 Enacted Budget to support a $10 million second round of the program, and further funding dedicated to research and to implement climate-resilient practices on dairy farms.

    This investment builds on the commitment that Governor Hochul has made to support sustainability in the agricultural industry, including for dairy farms. Under the Governor’s leadership, the FY26 Enacted Budget provides an additional $5.25 million from the Environmental Protection Fund over the previous year for agricultural programs and initiatives that also benefit New York dairy farms, such as the Climate Resilient Farming grant program and the Agricultural Non-Point Source Abatement and Control program, that are helping farms to implement environmentally sustainable practices and combat climate change. Additional allocations for the Farmland Protection Program and the State’s Soil and Water Conservation Districts will also support the New York dairy community.

    Since taking office, Governor Hochul has made significant strides in expanding the dairy manufacturing sector in New York. In the last few years, New York has celebrated investments across the state, including a $650 million fairlife production plant in Webster, the $518 million Great Lakes Cheese packaging and manufacturing facilities in Franklinville, and a $30 million expansion to the Agri-Mark cheese manufacturing facility in Chateaugay, helping New York continue to be the leading producer of milk in the Northeast. Most recently, the Governor announced Chobani, which opened its first U.S. plant in 2005 in New York, will build a 1.4 million square foot, $1.2 billion facility in Rome, Oneida County, capable of producing over one-billion pounds of high-quality dairy products per year. There are currently nearly 300 world-recognized dairy processing plants across New York.

    New York State Agriculture Commissioner Richard A. Ball said, “I thank Governor Hochul for her continued support of New York agriculture and our state’s dairy industry, which is so critical to our agricultural economy. Our dairy farmers and processors are second to none when it comes to the care they give to the land and their animals and the quality of their milk products. I am so pleased to see this funding being awarded to these deserving farms, who will now have the additional resources they need to ensure that they can continue to provide the very best milk and dairy products, and keep operations and the supply chain going, even in the event of severe weather or emergency events.”

    Farm and Food Growth Fund President and CEO Todd Erling said, “New York State is the country’s fifth largest dairy producing state, with almost 3,000 farms. The majority are family-run and generational operations which this grant program largely benefits. Ensuring efficient and updated infrastructures will not only strengthen and safeguard the supply chain, but will also help to build forward-looking opportunities for the next generation of dairy farmers. Thanks to our hard working farm families, and with the support of Governor Hochul, New York continues to be a leader in our regional food system.”

    Glory Days Farm Owners The Beyer Family said, “Our aspiration is for our farm and farms like ours to remain viable for future generations. The Dairy Modernization Grant Program gives farms like ours the opportunity to progress and innovate, and continue being the lifeblood of our communities. This program encourages the adoption of efficient technology that improves food safety with more consideration to environmental impacts, securing the future of dairy in New York.”

    State Senator Michelle Hinchey said, “New York is in the top five of dairy states producing some of the best products in the country. Dairy is our largest agricultural sector and a powerful contributor to our state and local economies, which is why supporting this leading industry is a major state priority. The Dairy Modernization Grant Program helps our dairy farmers and processors future-proof their operations, ensuring that New York dairy maintains its high standards while advancing efficiency and resiliency. I’m proud to have helped champion this grant program in our state agriculture budget and want to congratulate all of the local dairies and processors, including Uplands Farm in Millbrook, that received funding awards!”

    Assemblymember Donna Lupardo said, “In order for New York to maintain its prominence as a leading dairy state, we have to make important infrastructure investments. The Dairy Modernization Grant Program provides needed technology and upgrades for our dairy farms and cooperative dairies. I am thankful that all of our partners in state government recognize and support the hardworking men and women who make up New York’s largest agricultural sector.”

    Northeast Dairy Producers Association Executive Vice President Tonya Van Slyke said, “For generations, New York’s family dairy farms have been leaders in progressive, science-based management practices that improve efficiencies in the barns, the fields, and the milking parlors, along with storing and transporting milk. The Dairy Modernization Grant Program helps address challenges family dairy farms face and will make a significant impact by providing solutions for increased on-farm milk storage capacity, new technology, and improved efficiencies in transportation for the farms that were awarded grant opportunities. We appreciate the Governor’s continued investment in our family dairy farms, as we work together to protect New York’s food security and cement the state’s position as a leader in dairy.”

    New York State Farm Bureau President David Fisher said, “New York’s dairy industry is critical to the agricultural and economic health of our state. The Dairy Modernization Grant Program is not only a significant step in improving operations for farmers across New York, but also in making a commitment to agricultural sustainability. With Dairy Month upon us, we celebrate dairy farms of all sizes and the farmers who bring fresh, nutritious products to the table every day.”

    About the Dairy Industry in New York State

    New York State has roughly 3,000 dairy farms that produce over 16 billion pounds of milk annually, making New York the nation’s fifth-largest dairy state. The dairy industry is the state’s largest agricultural sector, contributing significantly to the state’s economy by generating nearly half of the state’s total agricultural receipts and providing some of the highest economic multipliers. New York’s unique and talented dairy producers and processors contribute significantly to the state’s agriculture industry, economy and the health of our communities.

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI: Granite Credit Union Announces Grand Opening Celebration of New Sandy Branch

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, June 02, 2025 (GLOBE NEWSWIRE) — Granite Credit Union is excited to announce the official grand opening of its new Sandy Branch, located at 9383 S 700 E, Sandy, Utah 84070. The celebration will take place on Saturday, June 7, from 10 a.m. to 2 p.m.

    The community is invited to enjoy food from local food trucks, GirlsWhoSmash and Udder Rivals, music, prize drawings, giveaways, and activities for all ages, including a cash machine.

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

    “We’re thrilled to celebrate the opening of our new branch with our members and the community,” said Charlotte Toone, branch manager. “This location offers exceptional convenience, centrally located near shopping and in one of Sandy’s fastest-growing areas. It’s a place where members can connect with our team for personalized financial guidance and support in achieving their financial goals.”

    The new Sandy Branch features a modern, open design that creates a welcoming and innovative environment for members to manage their finances. Granite Credit Union offers various services, including savings and checking accounts, insurance, investments, automobile loans, ITIN loans, real estate, commercial, and business lending.

    As Granite Credit Union continues to celebrate its 90th anniversary, it remains grounded in its core values and focused on the future. Whether through expanded access to financial products, deeper community engagement, or its pledge to serve the underserved, Granite Credit Union is—and always will be—”always there…so you can make life happen.”

    To learn more about the event, please visit Granite Credit Union.

    About Granite Credit Union

    Founded in 1935, Granite Credit Union serves over 37,000 members and has nearly $900 million in assets. Committed to helping members achieve their financial goals, Granite Credit Union offers a variety of financial products and services, including competitive rates, flexible lending options, and personalized financial guidance. With a vision of “always there… so you can make life happen,” the credit union strives to empower members with the tools and support they need to succeed financially. Members enjoy access to secure mobile banking services, online tools, and personalized in-branch assistance at locations across Utah. Granite Credit Union is dedicated to positively impacting its communities through financial education, trusted relationships, and exceptional service. Granite Credit Union is always there…so you can make life happen. Learn more at granite.org.

    Media Contact:
    marketing@granite.org

    The MIL Network –

    June 3, 2025

  • MIL-OSI Security: JOHN P. HEEKIN SWORN IN AS U. S. ATTORNEY FOR THE NORTHERN DISTRICT OF FLORIDA

    Source: Office of United States Attorneys

    TALLAHASSEE, FLORIDA – John P. “Jack” Heekin took the oath of office this morning from Chief District Judge Mark E. Walker to become the 42nd U.S. Attorney for the Northern District of Florida.  Mr. Heekin was appointed by Attorney General Pam Bondi as the interim United States Attorney for the Northern District of Florida on May 6, 2025, and was nominated to that office by President Donald Trump that same day. Mr. Heekin succeeds Michelle Spaven, who was named Acting U.S. Attorney in early February of 2025.

    U.S. Attorney Heekin said: “I am deeply honored to serve as the U.S. Attorney for the Northern District of Florida, and look forward to working alongside our outstanding prosecutors, support staff, and law enforcement partners to keep our communities safe. Together, we will fulfill the commitment to public safety advanced by President Donald J. Trump and Attorney General Pam Bondi, and we will make the Northern District of Florida the safest place in America to live, work, and raise a family.”

    As U.S. Attorney, Mr. Heekin is the top-ranking federal law enforcement official in the Northern District of Florida, which includes Florida’s 23 panhandle counties, from Escambia in the west to Alachua in the east.  The district has offices in Pensacola, Tallahassee, and Gainesville.  The office is responsible for prosecuting federal crimes in the district, including crimes related to terrorism, public corruption, child exploitation, human trafficking, financial fraud, health care fraud, firearms, and narcotics.  The office also defends the United States in civil cases and collects debts owed to the United States.

    U.S. Attorney Heekin recently served as the Deputy Chief of Staff and General Counsel to U.S. Senator Rick Scott (FL) in Washington, D.C., covering a legislative policy portfolio related to the federal judiciary, immigration, law enforcement & criminal justice, and constitutional issues, and advising the Senator on judicial and executive nominations.

    Prior to that, USA Heekin served in the administration of Governor Rick Scott as his Chief Deputy General Counsel, and later as Deputy Chief of Staff, overseeing the Governor’s criminal justice agencies, including the Florida Department of Corrections, the Department of Juvenile Justice, the Florida Department of Law Enforcement, the Department of Highway Safety and Motor Vehicles, and the Commission on Offender Review.  He also served as the Governor’s Executive Clemency Advisor and oversaw the execution of death warrants for Florida’s death row inmates.  He acted as Chief Counsel to the Governor’s Financial Emergency Board for Opa-locka and served as the General Counsel to the Governor and Florida Cabinet sitting as the Administration Commission and the Florida Land and Water Adjudicatory Commission.  He began his legal career as an Assistant State Attorney prosecuting criminal offenses for the 15th Judicial Circuit of Florida in Palm Beach County.

    He earned a Bachelor’s degree from Bucknell University, and his Juris Doctor with a certificate in Comparative and International Law from the Columbus School of Law, Catholic University of America, where he graduated cum laude.  While in law school, he authored two published works: “Leashing the Internet Watchdog: Legislative Restraints on Electronic Surveillance in the U.S. and U.K.,” published in The American Intelligence Journal (Vol. 28, No. 1 (Fall 2010)), and “ADHD and the New Americans with Disabilities Act: Expanded Legal Recognition for Cognitive Disorders,” published in The William & Mary Policy Review (Vol. II, No. 1 (Fall 2010)).

    He is a member of the Florida Bar, the District of Columbia Bar, the U.S. Supreme Court Bar, the Federalist Society, and the Republican National Lawyers Association.

    U.S. Attorney Heekin recognized Ms. Spaven for her exemplary service to the U.S. Attorney’s Office for the Northern District of Florida and North Florida communities.  Ms. Spaven will continue her career with the U.S. Attorney’s Office as First Assistant U.S. Attorney.

    His primary office will be in Tallahassee.

    The United States Attorney’s Office for the Northern District of Florida is one of 94 offices that serve as the nation’s principal litigators under the direction of the Attorney General.  To access public court documents online, please visit the U.S. District Court for the Northern District of Florida website.  For more information about the United States Attorney’s Office, Northern District of Florida, visit http://www.justice.gov/usao/fln/index.html.

    MIL Security OSI –

    June 3, 2025

  • MIL-OSI: Truxton Capital Advisors Serves as Sole Financial Advisor to T&R Recovery in Growth Investment from Genesis Park and Cyprium Partners

    Source: GlobeNewswire (MIL-OSI)

    NASHVILLE, Tenn., June 02, 2025 (GLOBE NEWSWIRE) — Truxton Capital Advisors (TCA) is pleased to announce its role as the exclusive financial advisor to T&R Recovery Holdings, LLC (“T&R Recovery” or the “Company”) in connection with a strategic growth investment from GP Capital Partners, LP, an investment fund managed by Genesis Park, and Cyprium SBIC I LP, an investment fund managed by Cyprium Partners.

    This transaction included a combination of debt and minority equity, as well as a delayed draw facility to support T&R Recovery’s future expansion initiatives. The capital infusion will accelerate the Company’s strategic growth through acquisitions and market expansion across the behavioral health landscape.

    “We are proud to have advised the outstanding team at T&R Recovery in this transformative transaction,” said Andrew May, Vice Chairman of Truxton. “Their dedication to clinical excellence and operational strength made this a compelling opportunity. We are excited to watch their continued growth with the support of Genesis Park and Cyprium.”

    Founded by seasoned behavioral health operators, T&R Recovery is a leading provider of mental health and addiction treatment services, with three accredited facilities across Arizona and Texas. The Company offers a comprehensive continuum of care, including residential treatment, partial hospitalization, intensive outpatient, detoxification, and other specialized services.

    This transaction underscores Truxton Capital Advisors’ deep expertise in the healthcare services sector, particularly within behavioral health, and its ability to deliver outstanding outcomes for founder-led and mission-driven businesses.

    About Truxton Capital Advisors
    Truxton Capital Advisors (TCA) provides family-owned businesses with thoughtful, consultative services and investment banking strategies to meet their capital needs. Through a comprehensive, relationship-focused approach, TCA delivers highly sophisticated, tax-sensitive solutions to maximize desired outcomes both for the business today and for the family long-term.

    About Truxton
    Truxton is a premier provider of wealth, banking, and family office services for wealthy individuals, their families, and their business interests. Serving clients across the world, Truxton’s vastly experienced team of professionals provides customized solutions to its clients’ complex financial needs. Founded in 2004 in Nashville, Tennessee, Truxton upholds its original guiding principle: do the right thing. Truxton Trust Company is a subsidiary of financial holding company, Truxton Corporation (OTCPK: TRUX). For more information, visit truxtontrust.com.

    The MIL Network –

    June 3, 2025

  • MIL-OSI United Kingdom: Strategic Defence Review oral statement

    Source: United Kingdom – Government Statements

    Oral statement to Parliament

    Strategic Defence Review oral statement

    Statement from Defence Secretary John Healey on the Strategic Defence Review.

    With permission, Mr Speaker, I would like to make a statement on the Strategic Defence Review.

    And I have laid the full 130-page review report first before this house. I am grateful to be able to make this statement on the first day back from recess.

    Mr Speaker, the world has changed, and we must respond.

    The SDR is our Plan for Change for Defence.

    A plan to meet the threats we face.

    A plan to step up on European Security and lead in NATO.

    A plan that learns the lessons from Ukraine.

    A plan to seize the defence dividend from our record increase in defence investment, to boost jobs and growth throughout the United Kingdom.

    And a plan to put the men and women of our Armed Forces at the heart of our defence plans: better pay, better kit, better housing.

    Through the SDR will make our Armed Forces stronger, and the British people safer.

    I’d like to thank those who led the SDR… Lord Robertson of Port Ellen, General Barrons and Dr Fiona Hill.

    “The politician, the soldier, and a foreign policy expert”, as they say themselves in their forward. Thye have put in a huge effort, alongside others.

    This is a first-of-its-kind, externally led review.

    A process, in which we received 8 000 submissions from experts, individuals, organisations, and MPs from across the House, including the Shadow Defence Secretary.

    I thank them all – and I thank those in the MOD who have contributed to this SDR.

    This is not just the government’s review it is Britain’s defence review.

    And so, the government endorses the SDR’s vision, accepts its 62 recommendations, which will be implemented.

    Mr Speaker, the threats we face is now more serious and less predictable than at any time since the of Cold War.

    We face war in Europe, growing Russian aggression, new nuclear risks, and daily cyber-attacks at home. 

    Our adversaries are working more in alliance with one another, while technology is changing the way war is fought.

    We are in a new era of threat, which demands a new era for UK Defence.

    Mr Speaker, since the General Election we have demonstrated that we are a government dedicated to delivering for defence.

    Committing the largest sustained increase in defence spending since the end of the Cold War… £5 billion extra this year, 2.5% in 2027, the ambition to 3% in the next parliament.

    Mr Speaker, there can be no investment without reform.

    And so we are already driving also the deepest reforms to defence in 50 years.

    And these will ensure clearer responsibilities, better delivery, stronger budget control and new efficiencies, worth £6 billion in this parliament, money all of which will be reinvested directly into defence.

    Mr Speaker, our Armed Forces will always do what’s needed to keep the nation safe –24/7, in more than 50 countries around the world.

    But in a more dangerous world, the SDR confirms that we must move to warfighting readiness.

    Warfighting readiness means stronger deterrence.

    We need stronger deterrence to avoid the huge costs, human and economic that wars create.

    And we prevent wars by being strong enough to fight and win them. And that is what has made NATO the most successful defence alliance in history, over the last 75 years.

    So Mr Speaker, we will establish a “New Hybrid Navy” by:

    … building Dreadnought, AUKUS submarines, cutting-edge warships and new autonomous vessels.

    Our carriers will carry the first hybrid airwings in Europe.

    We will develop the next generation RAF with:

    F35s, upgraded Typhoons, 6th Gen GCAP and autonomous fighters, to defend Britain’s skies and be able to strike anywhere in the world.

    And we will make the British Army 10 times more lethal by:

    Combining the future technology of drones, autonomy and AI with the heavy metal tanks and artillery.

    Mr Speaker for too long, our Army has been asked to do more with less.

    We inherited a long run recruitment crisis – [political content removed].

    Reversing this decline will take time but we are acting to stem the loss now and aiming to increase the British Army to at least 76,000 full time soldiers in the next parliament.

    Mr Speaker, for the first time in a generation, we are a government who want the number of regular soldiers to rise.

    In our homeland, Mr Speaker, this a government that will protect our island home, we’ll do so by:

    Committing £1bn in new funding to homeland air and missile defences,  by creating a new CyberEM Command to defend Britain in the grey zone and by preparing legislation to improve defence readiness.

    Mr. Speaker, as Ukraine shows a country’s armed forces are only as strong as the industry that stands behind them.

    So this SDR begins a new partnership with industry, with innovators and with investors, we will make engine. We will make defence an engine for growth, an engine for growth to create jobs and increase prosperity in every nation and every region of the UK.

    Take our nuclear enterprise.

    We will commit 15 billion pounds in investment into the sovereign warhead programme in this Parliament, supporting over 9000 jobs. We will establish continuous submarine production through investments in Barrow and in Derby, that will allow us to produce a submarine every 18 months, allowing us to grow our nuclear attack submarine fleet to up to 12 submarines, supporting more than 20,000 jobs.

    And on munitions, we will invest 6 billion pounds in this Parliament, including for six new munitions factories and up to 7000 new long-range weapons, supporting nearly 2000 jobs.

    Mr. Speaker, the lives of workers in Barrow or Derby or Govan, where I was with the Prime Minister this morning, are being transformed, not just by this defence investment, but by the pride and purpose that comes with work that comes with defence work. And in the coming years, more communities and more working people will benefit from the defence dividend that this brings.

    Mr. Speaker Ukraine also tells us that whoever gets new technology into the hands of their armed forces fastest will have the advantage. So we will place Britain at the leading edge of innovation in NATO.

    We will double investment into autonomous systems this parliament. We will invest more than a billion pounds to integrate our armed forces through a new digital targeting web, and we will finance a £400 million UK Defence Innovation organization.

    Mr. Speaker, to ensure that Britain gains the maximum benefit from what we invent and what we produce in this country, we will create a new defence exports office in the MOD, driving exports to our allies and driving growth at home.

    Mr. Speaker, the SDR sets a new vision, a new framework for defence investment.

    The work to confirm a new defence investment plan, superseding the last government’s defence equipment plan, will be completed in the autumn.

    It will ensure our frontline forces get what they need when they need it.

    The plan will be deliverable. It will be affordable. It will consider infrastructure alongside capabilities. It will seize the opportunities of advanced tech, and it will seize the opportunities to grow the British economy.

    And Mr. Speaker, as we lose the national service generation, fewer families across this country have a direct connection to the armed forces. And so we must do more to reconnect the nation with those who defend us.

    And so as the SDR recommends, we will increase the number of cadets by 30%, we will introduce a voluntary Gap Year scheme for school and college leavers, and we will develop a new strategic reserve by 2030.

    Mr. Speaker, we must also renew the nation’s contract with those who serve. We’ve already awarded the biggest pay increase in over 20 years, an inflation busting increase this year. And now I’ve announced we will invest 7 billion pounds of funding this parliament for military accommodation, including 1.5 billion of new money for rapid work to deal with the scandal of military family homes.

    Mr. Speaker, this SDR is the first defence review in a generation for growth and for transformation in UK defence. It will end 14 years of hollowing out in our armed forces, and instead, we will see investment increased, the Navy expanded, the army grown, the Air Force upgraded, war fighting readiness, restored, NATO strengthened, the nuclear deterrent, guaranteed advanced technology developed and jobs, jobs created. Jobs created in every nation, and region of this country. Mr. Speaker. Mr. Strategic Defence Review will make Britain, safer, more secure, at home, and stronger abroad.

    Updates to this page

    Published 2 June 2025

    MIL OSI United Kingdom –

    June 3, 2025
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