NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: Economy

  • MIL-OSI Europe: In-Depth Analysis – Meeting expectations? Assessing the Savings and Investment Union (SIU) communication against the recommendations of Draghi, Letta and Noyer – 20-05-2025

    Source: European Parliament

    The European Commission’s communication on the Savings and Investments Union (SIU) follows the high-profile reports by Draghi, Letta and Noyer, which together have shaped expectations for integrating financial markets to support the wider EU economy. This briefing analyses the SIU communication with the three reports in mind as reference points. The briefing is structured in accordance with the main sections of the SIU communication, with a concluding section at the end.

    MIL OSI Europe News –

    May 21, 2025

  • MIL-OSI Europe: Briefing – Slovakia’s National Recovery and Resilience Plan: Latest state of play – 20-05-2025

    Source: European Parliament

    Slovakia is set to receive €6 408.5 million, solely in grants, to implement its national recovery and resilience plan (NRRP, Plán obnovy), representing 6.8 % of the country’s gross domestic product (GDP) in 2019. On 13 May 2025, the Council approved Slovakia’s amended NRRP addressing technical and procurement challenges, introducing new reforms and investments, and adjusting timelines. The updated plan reduced its green investment ambition by 4.6 percentage points (pps), but reinforced its digital ambition by 0.5 pps, maintaining strong support for the green (41.1 %) and digital (21.1 %) transitions. On 11 July 2023, the Council had approved a first revision of the NRRP. Following a 2022 update, Slovakia’s allocation decreased slightly; however, the addition of a REPowerEU chapter raised the total allocated amount to current €6 408.5 million, i.e. €79.4 million higher than the July 2021 plan. Slovakia’s NRRP comprises reforms and investment to help the Slovak economy recover while advancing the green and digital transitions and addressing structural weaknesses, with measures to be completed by August 2026. In the 2024 country report, the European Commission found that Slovakia’s NRRP is progressing but requires increased efforts for timely completion. So far, Slovakia has received €3 471.8 million (54.2 % of the total allocation), of which €903.3 million has been in pre-financing and €2 568.5 million in four grant payments based on milestones and targets. On 31 October 2024, the Commission disbursed the fourth payment of €798.7 million (net of pre-financing) to Slovakia, following a positive assessment that had led to corrective measures to address the reversal of a previously fulfilled milestone on multiannual expenditure ceilings in the government budget (see annex to this briefing). On 16 December 2024, Slovakia submitted its fifth payment request for €516.8 million (net of pre-financing). However, in its positive preliminary assessment of 1 April 2025, the Commission proposed a partial suspension due to an unmet target on property settlements in protected areas relating to a climate adaptation measure. This briefing is one in a series covering all EU Member States. Fourth edition. The previous edition was drafted by Magdalena Sapała and Branislav Staníček. The ‘NGEU delivery’ briefings are updated at key stages throughout the lifecycle of the plans.

    MIL OSI Europe News –

    May 21, 2025

  • MIL-OSI Europe: Briefing – Finland’s National Recovery and Resilience Plan: Latest state of play – 20-05-2025

    Source: European Parliament

    Finland’s national recovery and resilience plan (NRRP) is part of the national sustainable growth programme and its main source of financing. Next Generation EU (NGEU) – the EU’s response to the social and economic crisis triggered by the COVID-19 pandemic – initially envisaged an allocation of €2 090 million in grants to Finland under its Recovery and Resilience Facility (RRF). After the update of all national allocations in June 2022, Finland’s share was revised downwards to €1 822 million in grants, and the plan was revised to reflect these changes. A second revision added the REPowerEU chapter, under which Finland is to receive a maximum of €127 million in non-repayable financial support for energy-related reforms and investment. The plan underwent a third revision in mid-2024. Finland requested to amend the plan due to objective changes in circumstances while keeping the same level of ambition. Currently, the plan totals €1 949 million and is worth 0.8 % of the country’s gross domestic product (GDP) in 2019, representing 0.3 % of the entire RFF. In terms of absolute numbers and per capita, it is among the lowest quarter of RRF grant allocations by Member States. On 30 April 2025, Finland requested a new targeted revision. Finland has allocated 52.3 % of its NRRP to the green transition, serving its ambition to achieve carbon neutrality by 2035, while digital expenditure accounts for 28.9 % of the overall resources. The plan thus exceeds the minimum allocations required by the RRF Regulation, which are 37 % for the green transition and 20 % for digital transformation (the latter does not apply to the REPowerEU chapter). So far, Finland has received two payments based on progress in implementing the plan. Including the pre-financing, the total amount of grants received amounts to €876.9 million, i.e. 45 % of the entire allocation. The European Parliament, which was a major advocate of creating a common EU recovery instrument, participates in interinstitutional forums for cooperation and discussion on its implementation and scrutinises the European Commission’s work. This briefing is one in a series covering all EU Member States. Third edition. The ‘NGEU delivery’ briefings are updated at key stages throughout the lifecycle of the plans.

    MIL OSI Europe News –

    May 21, 2025

  • MIL-OSI Europe: Highlights – Vote on opinion to ECON report on Draghi Report and the Capital Markets Union – 04.06 – Committee on Budgets

    Source: European Parliament

    © Image used under the license from Adobe Stock

    Members will vote on the BUDG opinion to the ECON report on the Draghi Report and the Capital Markets Union. The draft opinion focuses on the role of the EU budget in helping to promote investment in the EU economy. In particular, it looked at the role of budgetary guarantees and financial instruments, bearing in mind the performance of the InvestEU Fund.

    The Draghi report was a key contribution to the debate on how to improve the productivity and competitiveness of the EU economy. It emphasised the need to deepen the single market, particularly with regard to the capital markets union, and to increase investments in areas of strategic importance for the EU, including clean tech, energy and transport infrastructure, defence and space.

    MIL OSI Europe News –

    May 21, 2025

  • MIL-OSI Europe: Written question – Transparency in the allocation of European funds intended for persons with disabilities in France – E-001925/2025

    Source: European Parliament

    Question for written answer  E-001925/2025
    to the Commission
    Rule 144
    Marie-Luce Brasier-Clain (PfE)

    In France, innovative support structures for persons with disabilities, like Handi Soutien, are facing unjustified administrative obstacles. Para-public organisations, partially financed by the European Social Fund (ESF+), reportedly favour certain entities to the detriment of others, thereby depriving beneficiaries of adapted support.

    • 1.Can the Commission guarantee that use of European funds intended for inclusion adheres to the principles of transparency and fairness?
    • 2.What monitoring mechanisms is the Commission implementing to ensure that no stakeholders are pushed aside arbitrarily and that persons with disabilities fully benefit from support structures financed by the European Union?

    Submitted: 14.5.2025

    Last updated: 20 May 2025

    MIL OSI Europe News –

    May 21, 2025

  • MIL-OSI Security: Washington D.C. Accountant Sentenced for Mortgage Fraud and Tax Crimes

    Source: United States Attorneys General 13

    Defendant Did Not File Tax Returns and Falsified Documents to Obtain Mortgage Loan

    A Washington, D.C., Certified Public Accountant (CPA) was sentenced yesterday to 20 months in prison for making a false statement on a mortgage loan application and not filing an income tax return.

    According to court documents and statements made in court, Timothy Trifilo worked in tax compliance for several large accounting and finance firms. In recent years, he was managing director at a tax firm where he specialized in transaction structuring and advisory service, tax compliance, and tax due diligence. Nevertheless, for a decade, Trifilo did not file federal income tax returns or pay all the taxes that he owed despite earning more than $7.7 million during that time. He caused a tax loss to the IRS of more than $2 million.

    In February 2023, Trifilo sought to obtain a $1.36 million bank-financed loan to purchase a home in D.C. and was working with a mortgage company to do so. After the mortgage company told Trifilo that the bank would not approve the loan without copies of Trifilo’s filed tax returns, Trifilo provided the mortgage company with fabricated documents to make it appear as if he had filed tax returns and provided copies of tax returns for 2020 and 2021 that he never filed with the IRS. On these returns and other documents that he submitted to the mortgage company, Trifilo listed a former colleague as the individual who prepared the returns and uploaded them for filing with the IRS. This individual did not prepare the returns, has never prepared tax returns for Trifilo, and did not authorize Trifilo to use his name on the returns and other documents that Trifilo submitted to the mortgage company. Based on Trifilo’s false representation, the bank approved the loan and Trifilo purchased the home.

    In addition to his prison sentence, U.S. District Court Judge Tanya S. Chutkan for the District of Columbia ordered Trifilo to serve two years of supervised release and pay $2,057,256.40 in restitution to the IRS.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation investigated the case.

    Trial Attorneys Melissa S. Siskind and Alexis Fleszar of the Tax Division prosecuted the case.

    MIL Security OSI –

    May 21, 2025

  • MIL-OSI: XRP News: $XDX Presale Heats Up as XenDex Readies First Audit and Platform Design Reveal

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 20, 2025 (GLOBE NEWSWIRE) — With XRP rapidly regaining its dominance across the global crypto market, XenDex is solidifying its position as the most promising decentralized exchange being built on the XRP Ledger. And with the $XDX presale entering its final stretch, urgency is building fast.

    The soft cap is already filled, and with the hard cap now almost fully reached, only a limited number of $XDX tokens remain before the presale closes. As investor excitement surges, XenDex has officially announced two major milestones this week:

    Buy $XDX Before Exchange Listing

    1. A full mockup design of the XenDex platform will be unveiled showcasing its clean, intuitive user interface and how all major features will operate.
    2. XenDex will undergo its first third-party security audit, reinforcing its commitment to safety, smart contract integrity, and long-term trust.

    What Is XenDex?

    XenDex is building the first all-in-one decentralized finance platform for XRPL, combining the most in-demand tools into a single seamless platform:

    • AI-Powered Copy Trading
    • Non-Custodial Lending & Borrowing
    • Cross-Chain Trading (with BNB, Ethereum, and Solana)

    Purchase $XDX At A low Price

    Only $XDX presale buyers will receive early access to Version 1 of the platform.

    Why Is XRP Surging?

    XRP’s bullish momentum follows several landmark events:

    • SEC lawsuit officially withdrawn
    • Judge Torres’ rulings in Ripple’s favor
    • Approval of ProShares’ XRP Futures ETF
    • Brazil’s first XRP Spot ETF launch

    With rising institutional interest, analysts are now forecasting long-term XRP price targets as high as $1,000 and XenDex is launching at the perfect moment to ride that wave.

    $XDX Presale Details

    • Soft Cap: Filled
    • Price: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP

    Buy XDX on XenDex

    Major Listings Confirmed

    Post-presale, $XDX will be listed on:

    • Binance
    • Gate.io
    • MEXC
    • BitMart
    • FirstLedger
    • MagneticX

    Join the XenDex Community

    Buy $XDX – xendex.net/presale
    Telegram – t.me/xendexcommunity
    X (Twitter) – x.com/xendex_xrp
    XenDex Docs – xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/520da55d-69bd-4670-ba05-f4ba3e6c93d8

    The MIL Network –

    May 21, 2025

  • MIL-OSI: Societe Generale_ Combined General Meeting and Board of Directors dated 20 May 2025

    Source: GlobeNewswire (MIL-OSI)

    COMBINED GENERAL MEETING AND BOARD OF DIRECTORS DATED 20 MAY 2025

    Press release

    Paris, 20 May 2025

    Combined General Meeting

    The General Meeting of shareholders of Societe Generale was held on 20 May 2025 at CNIT Forest, 2, Place de la Défense, 92092 Puteaux and was chaired by Mr. Lorenzo Bini Smaghi.

    Quorum was established at 64,34% (vs 55.61% in 2024):

    • 687 shareholders participated by attending the General Meeting in person at the place where it was held on 20 May 2025;
    • 1,057 shareholders were represented at the General Meeting by a person other than the Chairman;
    • 13,140 shareholders voted online;
    • 2,400 shareholders voted by post;
    • 8,767 shareholders, including 2,500 online, representing 1.07% of the share capital, gave proxy to the Chairman;
    • A total of 26 051 shareholders were present or represented and participated in the vote.

    The agenda item, with no vote, was an opportunity to present and discuss with shareholders the Group’s climate strategy and social and environmental responsibility.

    In addition, 9 shareholders sent 56 written questions prior to the General Meeting. The answers were made public before the General Meeting on the institutional website.

    All the resolutions put forward by the Board of Directors were adopted, in particular:

    • The 2024 annual company accounts and annual consolidated accounts;
    • The dividend per share was set at EUR 1.09. It shall traded ex-dividend on 26 May 2025 and will be paid from 28 May 2025;
    • The renewal of two independent directors for 4 years: Mr. William Connelly and Mr. Henri Poupart-Lafarge;
    • The appointment of two independent directors for 4 years: Mr. Olivier Klein and Mrs. Ingrid-Helen Arnold;
    • The renewal of Mr. Sébastien Wetter’s mandate as Director representing the employee shareholders;
    • The compensation policy for the Chairman, Chief Executive Officer, the Deputy Chief Executive Officers and the Directors;
    • The components composing the total compensation and the benefits of any kind paid or awarded for the 2024 financial year to the Chairman and the Chief Executive Officer and the Deputy Chief Executive Officers;
    • The authorisation granted to the Board of Directors to purchase ordinary shares of the Company was renewed for 18 months up to 10% of the share capital;
    • The authorisation for capital increases, enabling the issue of shares in favour of employees under a company or group saving plan, was renewed for 26 months;
    • The amendments to the Articles of Association to take account of the entry into force of the “Loi Attractivité” (no. 2024-537 dated 13 June 2024).

    The detailed voting result is available this day on the Company’s website in the item “Annual General Meeting”.

    Board of Directors

    Following the renewals and appointments of directors, the Board of Directors is composed of 15 directors, including (i) 2 directors re-elected by the employees in March 2024 and (ii) 1 director representing employee shareholders appointed by the General Meeting and one non-voting director.

    Accordingly, the Board of Directors is composed as follows:

    • Mr. Lorenzo Bini Smaghi, Chairman;
    • Mr. Slawomir Krupa, Director;
    • Mrs. Ingrid-Helen Arnold, Director;
    • Mr. William Connelly, Director;
    • Mr. Jérôme Contamine, Director;
    • Mrs. Béatrice Cossa-Dumurgier, Director;
    • Mrs. Diane Côté, Director;
    • Mrs. Ulrika Ekman, Director;
    • Mrs. France Houssaye, Director elected by employees;
    • Mr. Olivier Klein, Director;
    • Mrs. Annette Messemer, Director;
    • Mr. Henri Poupart-Lafarge, Director;
    • Mr Johan Praud, Director elected by employees;
    • Mr. Benoît de Ruffray, Director;
    • Mr. Sébastien Wetter, Director representing employees shareholders;
    • Mr. Jean-Bernard Lévy, Non-voting Director (“censeur”).

    The Board of Directors is made up of 41,7% women (5/12) and 91,7% independent directors (11/12) if we exclude from the calculations the three directors representing the employees in accordance with paragraph 1 of Article L. 225-23 of the Commercial Code, paragraph 2 of Article L. 225-27 of the Commercial Code and the AFEP-MEDEF code. In order to ensure compliance with a forthcoming legislative change scheduled for mid-2026, the Board of Directors has already decided, for the General Meeting of May 2026, that shareholders will be invited to replace a man director, whose term of office will expire, by a woman director.

    The Board of Directors held after the General Meeting has decided that, as of 20 May 2025, the Board committees will be composed as follows:

    • Audit and Internal Control Committee: Mr. Jérôme Contamine (chairman), Mrs. Diane Côté, Mrs. Ulrika Ekman, Mr. Olivier Klein and Mr. Sébastien Wetter;
    • Risk Committee: Mr. William Connelly (chairman), Mrs. Ingrid-Helen Arnold, Mrs. Béatrice Cossa Dumurgier, Mrs. Diane Côté, Mrs. Ulrika Ekman, Mr. Olivier Klein and Mrs. Annette Messemer;
    • Compensation Committee: Mrs. Annette Messemer (chairwoman), Mr. Jerome Contamine, Mr. Benoit de Ruffray and Mrs. France Houssaye;
    • Nomination and Corporate Governance Committee: Mr. Henri Poupart-Lafarge (chairman), Mr. William Connelly, Mme Diane Côté and Mr. Benoit de Ruffray.

    Biographies

    Mr. William Connelly is a graduate of Georgetown University in Washington (US). He began his career in 1980 at Chase Manhattan Bank, where he worked for 10 years, before joining Baring Brothers from 1990 to 1995. He then held various executive positions within ING Group NV from 1995 until he became a member of The Management Board, where he was responsible for Wholesale Banking from 2011 to 2016. He was also the CEO of ING Real Estate from 2009 to 2015. In addition to his mandate as an independent director of Societe Generale since 2017, he currently is the Chairman of the Board of Directors of Amadeus IT Group and the Chairman of the Board of Directors of Aegon until the second half of 2025. He also served as an independent director of Singular Bank from February 2019 to April 2023. During its session on 10 April 2025, the Societe Generale Board of Directors selected William Connelly for the Chairmanship as of the General Meeting which will be held on 27 May 2026. He will succeed Lorenzo Bini Smaghi, who has been Chairman since 2015, and will have completed his third term.

    Mr. Henri Poupart-Lafarge, Graduate of École polytechnique, the École nationale des ponts et chaussées and the Massachusetts Institute of Technology (MIT). He began his career in 1992 at the World Bank in Washington D.C. before moving to the French Ministry of the Economy and Finance in 1994. He joined Alstom in 1998 as Head of Investor Relations and was in charge of Management Control. In 2000, he was appointed Chief Financial Officer of Transmission and Distribution at Alstom, a position he held until 2004. He was Chief Financial Officer of Alstom from 2004 until 2010 and became President of Alstom Grid from 2010 to 2011. On 4 July 2011, he became Chairman of Alstom Transport, before being appointed Chairman and Chief Executive Officer in February 2016, a position he held until June 2024. Since then, he has been Chief Executive Officer and Director of Alstom.

    Mr. Olivier Klein, Graduated from the Panthéon‑Sorbonne University in 1978 with a Bachelor’s degree in Economics, from the National School of Statistics and Economic Administration (ENSAE) in 1980, and from HEC’s graduate course in Finance in 1985. He began his career at the BFCE in 1985 and served as manager of the Foreign Exchange and Rate Risk Management Advisory Department, then as Director of the BFCE’s Investment Bank, and finally as Regional Director of its corporate bank. He joined the Caisse d’Epargne group in 1998 and was Chairman of the Executive Board of the Caisse d’Epargne Ile‑de‑France Ouest from 2000 to 2007 and then of the Caisse d’Epargne Rhône‑Alpes from 2007 to 2009. In January 2010, he was appointed Chief Executive Officer of Commercial Banking and Insurance of the BPCE group until September 2012. He was appointed Chief Executive Officer of the BRED group from October 2012 to May 2023. He was a Member of the Supervisory Board of BPCE and its Risk Committee between 2019 and May 2023. He is Chief Executive Officer of Lazard Frères Banque SA and Managing Partner since September 2023. Since 1986, He is teaching macroeconomics and monetary policy at HEC. He is a director of Rexécode since 2018.

    Mrs. Ingrid-Helen Arnold, Graduated from the University of Applied Sciences Ludwigshafen in 1997 with a master’s degree in economics. She began her career at SAP SE in 1996, where she held various responsibilities related to innovation and digital transformation. In 2014, she was appointed Chief Information Officer and Business
    Processes and extended Member of the SAPExecutiveCommittee. From 2016 to April 2021, she was President of SAP Business Data Network group in Palo Alto (United States) and SAP SE Walldorf (Germany). In 2021, she joined the Südzucker group as Chief Digital Officer and Information tehcnology and member of the Group’s Executive Committee. She is Chief Executive Officer of KAKO GmbH since June 2024. She was a member of the Supervisory Board and a member of the Heineken group Audit Committee from 2019 to 2023. She is a member of the TUI group Supervisory Board since 2020.

    Mr. Sébastien Wetter holds a Master degree in Fundamental Physics and graduated from the Lyons Business School (EM Lyon). He began his career at Societe Generale in 1997 in the Strategy and Marketing Division of Societe Generale’s retail bank. Working in the Group’s Organisation Consulting Department from 2002, he performed a range of roles in the Corporate & Investment Banking arm and helped roll out the Group-wide participatory Innovation programme. As of the end of 2005, he joined the Commodities Market Department as Chief Operating Officer holding a global remit, before becoming Head of Business Development in 2008. From 2010 until 2014, he served as General Secretary in the Group’s General Inspection and Audit Division. In 2014, he joined the Sales Division of the Corporate & Investment Bank arm where he held a number of positions: Head of marketing for major French and international clients, then in 2016, Global Chief Operating Officer responsible for the sales teams covering financial institutions. From 2020 to December 2022, he has been a banker managing Societe Generale’s relationship with international financial institutions. He has been a member of the of the Supervisory Board of the Fonds Commun de Placement d’Entreprise (FCPE) since May 2024.

    The regulatory declarations on the absence of conflicts of interest and the absence of convictions mentioned on page 140 of the Universal Registration Document filed by Societe Generale on 12 March 2025 with the French market authority (AMF) under number D.25-00088, relating notably to the three directors whose terms of office are renewed remain valid and the two new directors appointed with effect from the General Meeting of 20 May 2025 have made the same regulatory declarations.

    Press contacts:
    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Attachment

    • Societe-Generale-Press-release-post-GM-2025_EN

    The MIL Network –

    May 21, 2025

  • MIL-OSI USA: Bipartisan, Bicameral Bill Reintroduced to Protect Older Workers from Age Discrimination

    Source: United States House of Representatives – Representative Suzanne Bonamici (1st District Oregon)

    WASHINGTON – Today, a bipartisan and bicameral group of Members reintroduced the Protecting Older Workers Against Discrimination Act(POWADA), a proposal to strengthen anti-discrimination protections for older workers.

     

    In the House, the bill is led by Education and Workforce Committee Ranking Member Robert C. “Bobby” Scott (D-VA-03), Representative Glenn Grothman (R-WI-06), Early Childhood, Elementary, and Secondary Education Subcommittee Ranking Member Suzanne Bonamici (D-OR-01), Representative Brian Fitzpatrick (R-PA-01), Higher Education and Workforce Development Subcommittee Ranking Member Alma Adams (D-NC-12), and Representative Jeff Van Drew (R-NJ-02). 

     

    In the Senate, the bill is led by Senators Tammy Baldwin (D-WI) and Chuck Grassley (R-IA). 

     

    “Everyone—regardless of their age—should be able to go to work every day knowing that they are protected from discrimination.  Unfortunately, age discrimination in the workplace is depriving older workers of opportunities and exposing them to long-term unemployment and severe financial hardship.  More than a decade ago, the Supreme Court undermined protections for older workers by setting an unreasonable burden of proof for age discrimination claims.  The Protecting Older Workers Against Discrimination Act is a bipartisan bill that would finally restore the legal rights of older workers by ensuring that the burdens of proof in age discrimination claims are treated in the same manner as other discrimination claims,”said Ranking Member Scott.

     

    “Age discrimination is one of the most prevalent issues affecting an entire generation of older Americans,” said Representative Grothman.  “The Protecting Older Workers Against Discrimination Act is a crucial initiative that aims to restore legal safeguards for older Americans by ensuring that age discrimination claims receive just as much credibility as any other form of workplace discrimination.  Age discrimination is often overlooked, but it is one of the most egregious forms of discrimination hurting Americans.  Older workers deserve to work without facing unnecessary burdens.” 

     

    “Older workers have a wealth of experience to offer and should not have to overcome age discrimination, or any other form of discrimination, to find a job or fulfill their role in a workplace,”said ECESE Ranking Member Bonamici.  “We must hold employers accountable for age discrimination and restore protections for older workers.  I’m grateful to lead this legislation with a group of bipartisan colleagues.” 

     

    “Discrimination has no place in the American workforce, and no one should lose opportunity, dignity, or legal protection simply because of their age. Our bipartisan, bicameral bill restores a core standard of fairness, ensuring our older workers are valued for their contributions and protected from unjust treatment—just like every hardworking American,” said Representative Fitzpatrick.

     

    “Older Americans have spent their careers bettering our country which is why I’m proud to reintroduce POWADA to strengthen anti-discrimination protections for our senior workers,”said HEWD Ranking Member Adams.  “Far too often, older workers face age discrimination in the workplace, with two-thirds of workers over 50 seeing or experiencing age discrimination at work. POWADA will ensure that older workers are treated fairly in the job market, improve age discrimination protections, and make sure they can continue to work with the dignity they’re owed. There is no place for mistreatment in the workforce.”

     

    “In a truly free and fair America, equal opportunity must be a fundamental right for all citizens, regardless of age,” said Representative Van Drew.  “Unfortunately, age discrimination continues to deny older workers the opportunities they deserve, despite their years of dedication and contributions to our society.  This is unacceptable.  That is why I am proud to support the Protecting Older Workers Against Discrimination Act of 2025 to restore legal protections, uphold the dignity of older Americans, and ensure fairness for all.”

     

    “Every Wisconsin worker deserves to feel respected and protected in the workplace.  We need to ensure this is true for older workers, so they have equal footing and are treated with the dignity they deserve,”said Senator Baldwin.

     

    “Americans of all ages can offer valuable contributions to our society and economy, including older Americans.  They deserve to be protected from workplace discrimination like other Americans.  The Supreme Court’s decision involving Iowan Jack Gross impacted employment discrimination litigation across the nation, sending a wrong message to employers that age discrimination is okay.  It’s long past time for us to clarify the intent of Congress so Americans don’t face job discrimination due to age,”said Senator Grassley.

     

    In 2009, the Supreme Court’s decision in Gross v. FBL Financial Services, Inc. weakened protections against age discrimination under the Age Discrimination in Employment Act (ADEA).  Under Gross, plaintiffs seeking to prove age discrimination in employment are required to demonstrate that age was the decisive motivating factor for the employer’s adverse action.

     

    POWADA returns the legal standard for age discrimination claims to the pre-2009 evidentiary threshold, aligning the burden of proof with the same standards for proving discrimination based on based on race and national origin.

     

    POWADAamends four laws—the Americans with Disabilities Act, Title VII of the Civil Rights Act, the Age Discrimination in Employment Act, and the Rehabilitation Act.  A similar version of the bill was passed in the House with bipartisan support during the 117th Congress.

     

    Read the bill text for the Protecting Older Workers Against Discrimination Act here.

     

    Read the fact sheet for the Protecting Older Workers Against Discrimination Act here.

     

    Read the section-by-section summary of the Protecting Older Workers Against Discrimination Act here.

     

    The following organizations support the Protecting Older Workers Against Discrimination Act: American Association of Retired Persons (AARP), Aging Life Care Association, Alliance for Retired Americans, Elder Justice Coalition, Leadership Conference on Civil and Human Rights, National Association of Nutrition and Aging Services Programs (NANASP), National Employment Law Project (NELP), National Partnership for Women & Families, National Women’s Law Center (NWLC), The National Council on Aging, and USAging.

     

    ###

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: WATCH: Pressley Calls for True Baby Bonds, Calls Out “MAGA Accounts”

    Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

    “Republicans are stealing a good idea and twisting it.”

    Baby Bonds Championed by Pressley & Booker Would Address Wealth Gap, End Cycles of Poverty, Help 18 Year-Olds Pay for College, Home, or Starting a Business

    Video (YouTube)

    WASHINGTON – Today, Congresswoman Ayanna Pressley (MA-07) delivered a floor speech in which she slammed the so-called “MAGA Accounts” proposal in Republicans’ reconciliation bill. Rather than support this regressive proposal, Congresswoman Pressley urged her colleagues to support Baby Bonds, her bicameral legislation with Senator Cory Booker (D-NJ) to close the racial wealth gap, disrupt cycles of intergenerational poverty, and make economic opportunity a birthright for every child.

    A transcript of the Congresswoman’s remarks, as delivered, is available below, and the full video is available here.

    Transcript: Pressley Calls for True Baby Bonds, Calls Out “MAGA Accounts”

    House of Representatives

    May 19, 2025

    Mr. Speaker,

    I rise in support of investing in every child’s future.

    Six years ago, I joined Senator Booker to introduce Baby Bonds legislation to disrupt the cycle of intergenerational poverty, close the racial wealth gap, and ensure every 18-year-old has the financial opportunity to go to college, to buy a home, or to start a business.

    Now, Republicans are stealing a good idea and twisting it.

    The so-called ‘MAGA Accounts’ in their reconciliation bill are intentionally designed to help the rich get richer, while poor children are left further and further behind.

    Their proposal would weaponize the tax code to exacerbate wealth inequality, ignore the expertise of economists, and penalize states and non-profits that try to help low-income families.

    In America, a child born into poverty is likely to stay there through their adult lives.

    That is a policy choice – and a violent one.

    Our babies deserve better. Our babies deserve opportunity.

    I urge my colleagues to reject this regressive proposal and support true Baby Bonds.

    ###

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI Europe: Answer to a written question – Water infrastructure left inoperative due to delays in land consolidation and irrigation projects – E-001355/2025(ASW)

    Source: European Parliament

    The Commission monitors the implementation of Greek Common Agricultural Policy (CAP) Strategic Plan (CSP)[1], amongst others through the monitoring committee meetings, annual performance reports and the annual review meetings. However, based on the principles of shared management applicable to the CAP, the project implementation monitoring process falls under the responsibility of the Member States, and, hence, the Commission does not have information on individual submitted applications.

    JASPERS cannot provide technical assistance relevant to the irrigation projects in question since JASPERS has been set up as a Cohesion Policy instrument and does not provide technical assistance in the field of agriculture. However, technical assistance support is available under the CSP. It is up to the Member States to make best use of the CSP resources allocated to technical assistance to boost the administrative readiness and speed-up the preparation of projects.

    The CSPs offer possibilities for interventions for land development and irrigation projects through the European Agricultural Fund for Rural Development (EAFRD)[2]. The Greek CSP contains relevant investment interventions, including projects in irrigation. It finances land projects aiming primarily at increasing the efficiency of water use in agriculture, through interventions, such as reservoirs, dams, ponds etc., and the modernisation of irrigation networks. The Commission services in charge of the Recovery and Resilience Facility (RRF)[3] are available to examine with the Greek RRF Agency whether the irrigation network in question could benefit under the ‘Investments in the national irrigation network’ measure.

    • [1] http://www.agrotikianaptixi.gr/el/keimeno-synimmena-paa/egkrisi-tropopoiiseis.
    • [2] Regulation (EU) 2021/2115 of the European Parliament and of the Council (OJ L 435, 6.12.2021, pp. 1-186).
    • [3] https://commission.europa.eu/business-economy-euro/economic-recovery/recovery-and-resilience-facility_en.
    Last updated: 20 May 2025

    MIL OSI Europe News –

    May 21, 2025

  • MIL-OSI Europe: Answer to a written question – Effectiveness of investigations into alleged pushbacks in Greece – E-000772/2025(ASW)

    Source: European Parliament

    The Common Provisions Regulation[1], requires Member States to meet horizontal enabling conditions (HECs), one of which relates to the effective mechanisms for ensuring compliance with the Charter of Fundamental Rights[2]. Greece, as all Member States, must demonstrate HEC compliance at the programme’s adoption and throughout its implementation.

    • [1] Regulation (EU) 2021/1060 of the European Parliament and of the Council of 24 June 2021 laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, the Just Transition Fund and the European Maritime, Fisheries and Aquaculture Fund and financial rules for those and for the Asylum, Migration and Integration Fund, the Internal Security Fund and the Instrument for Financial Support for Border Management and Visa Policy, OJ L 231, 30.6.2021, p. 159-706.
    • [2] Charter of Fundamental Rights of the European Union, OJ C 326, 26.10.2012, p. 391-407.
    Last updated: 20 May 2025

    MIL OSI Europe News –

    May 21, 2025

  • MIL-OSI Europe: Answer to a written question – The need to develop the steel industry in the context of developing armament programmes – E-001209/2025(ASW)

    Source: European Parliament

    1. The EU Emissions Trading System (ETS) enables the EU to achieve its climate targets at the lowest cost by allowing the market to set the carbon price. It also has in-built features to protect industries such as steel from carbon leakage (displacement of production and emissions to outside the EU). These include free allocation of emission allowances, the possibility of state aid to compensate indirect carbon costs for electro-intensive production (such as electric arc furnaces), and the introduction of the Carbon Border Adjustment Mechanism (CBAM).

    As such, the Commission has no plans to suspend the ETS, but is preparing a comprehensive review of the ETS Directive by 31 July 2026, as required under the existing Directive.

    2. Steel overcapacity continues to grow across regions, as evidenced in the latest review of the steel safeguard measure. Tackling unfair trade remains a priority for the Commission and it is fully committed to ensuring a robust use of trade defence instruments. The Commission will continue to take all necessary measures to protect the steel industry against unfair and injurious trading practices. In addition, an increasing number of trade barriers are being erected in many third countries. Therefore, the European Steel and Metals Action Plan[1] announced that by the third quarter of 2025 at the latest, the Commission will propose a long-term measure providing a highly effective level of protection to the EU’s steel sector. It will take into account changes in EU demand as well as security and resilience considerations, while preserving a certain level of openness in the EU market. The Commission will also conduct by the end of 2025 a comprehensive review of CBAM, accompanied by an anti-circumvention strategy.

    • [1] https://single-market-economy.ec.europa.eu/publications/european-steel-and-metals-action-plan_en.
    Last updated: 20 May 2025

    MIL OSI Europe News –

    May 21, 2025

  • MIL-OSI United Kingdom: PM call with President Zelenskyy of Ukraine: 20 May 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    PM call with President Zelenskyy of Ukraine: 20 May 2025

    The Prime Minister spoke to President of Ukraine, Volodymyr Zelenskyy this evening.

    The Prime Minister spoke to President of Ukraine, Volodymyr Zelenskyy, this evening.

    The leaders began by reflecting on their meeting in Tirana, Albania, on Friday before discussing the UK’s latest package of sanctions on Russian military, energy and financial sectors announced today.

    It was vital to keep the pressure on Russia while they continued their illegal invasion of Ukraine, the leaders agreed.

    Looking ahead to further peace talks, the Prime Minister reiterated the UK’s support for Ukraine and said he was steadfast in his commitment to helping Ukraine secure a just and lasting peace.

    The leaders agreed to stay in close touch.

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 20 May 2025

    MIL OSI United Kingdom –

    May 21, 2025

  • MIL-OSI USA: Washington D.C. Accountant Sentenced for Mortgage Fraud and Tax Crimes

    Source: US State of North Dakota

    Defendant Did Not File Tax Returns and Falsified Documents to Obtain Mortgage Loan

    A Washington, D.C., Certified Public Accountant (CPA) was sentenced yesterday to 20 months in prison for making a false statement on a mortgage loan application and not filing an income tax return.

    According to court documents and statements made in court, Timothy Trifilo worked in tax compliance for several large accounting and finance firms. In recent years, he was managing director at a tax firm where he specialized in transaction structuring and advisory service, tax compliance, and tax due diligence. Nevertheless, for a decade, Trifilo did not file federal income tax returns or pay all the taxes that he owed despite earning more than $7.7 million during that time. He caused a tax loss to the IRS of more than $2 million.

    In February 2023, Trifilo sought to obtain a $1.36 million bank-financed loan to purchase a home in D.C. and was working with a mortgage company to do so. After the mortgage company told Trifilo that the bank would not approve the loan without copies of Trifilo’s filed tax returns, Trifilo provided the mortgage company with fabricated documents to make it appear as if he had filed tax returns and provided copies of tax returns for 2020 and 2021 that he never filed with the IRS. On these returns and other documents that he submitted to the mortgage company, Trifilo listed a former colleague as the individual who prepared the returns and uploaded them for filing with the IRS. This individual did not prepare the returns, has never prepared tax returns for Trifilo, and did not authorize Trifilo to use his name on the returns and other documents that Trifilo submitted to the mortgage company. Based on Trifilo’s false representation, the bank approved the loan and Trifilo purchased the home.

    In addition to his prison sentence, U.S. District Court Judge Tanya S. Chutkan for the District of Columbia ordered Trifilo to serve two years of supervised release and pay $2,057,256.40 in restitution to the IRS.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation investigated the case.

    Trial Attorneys Melissa S. Siskind and Alexis Fleszar of the Tax Division prosecuted the case.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI: UIFCA Launches: AI-Powered Investing & Expert Financial Education

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) — UIFCA Wealth Academy Ltd. today announced its official launch, introducing a comprehensive platform designed to transform how individuals and businesses approach financial markets. The academy integrates cutting-edge artificial intelligence tools with expert-backed investment strategies and world-class financial education, aiming to equip investors with the necessary insights and resources for informed, strategic decision-making.

    The core mission of UIFCA is to empower users to achieve steady and exponential wealth growth, irrespective of the complexities presented by today’s rapidly shifting economic landscape. Recognizing that financial markets are in constant evolution, UIFCA emphasizes that staying ahead requires more than fundamental knowledge; it demands innovation, adaptability, and a data-driven methodology. The academy is built to address these needs directly, offering solutions for navigating market volatility and identifying growth opportunities.

    Through its state-of-the-art technology, UIFCA analyzes market trends in real time. This capability assists users in identifying potential investment opportunities, mitigating risks effectively, and optimizing their investment portfolios for better performance. A dedicated team of seasoned financial experts and AI specialists works continuously to ensure the platform remains at the forefront of the industry, delivering high levels of accuracy, efficiency, and reliability to its user base.

    UIFCA is structured to cater to a diverse range of investors. Whether an individual is a seasoned market participant looking to refine sophisticated strategies or a newcomer seeking to build a strong financial foundation, the academy provides guidance and support. The platform champions the democratization of access to financial intelligence, enabling a broader audience to harness the power of AI-driven investment strategies.

    The ultimate goal is to foster long-term financial success for its members. By providing advanced tools, comprehensive educational materials, and access to expert insights, UIFCA strives to help users take confident control of their financial futures. The academy is committed to shaping intelligent investments and securing tomorrow’s wealth for its global community. Individuals interested in exploring these innovative financial solutions are encouraged to visit the company website.

    About UIFCA Wealth Academy Ltd.
    UIFCA Wealth Academy Ltd. is committed to revolutionizing the way investors navigate the financial markets. Leveraging cutting-edge AI-powered tools, expert-backed strategies, and world-class financial education, UIFCA provides investors with the insights and resources needed to make informed, strategic decisions for steady and exponential wealth growth. With a focus on innovation, expertise, and empowerment, UIFCA serves a global community of traders in both cryptocurrency and traditional financial markets.

    Contact:
    Sarah Mitchell
    sarah.mitchell@ufaceu.com
    Communications Manager
    UIFCA Wealth Academy Ltd
    Website: www.ufaceu.com | www.uifca.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/83b004d5-1e7b-45be-b6a4-94123527ed67

    The MIL Network –

    May 21, 2025

  • MIL-OSI USA: Ernst Applauds SBA Rollback of Irresponsible Biden-Era Lending Changes

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    WASHINGTON – U.S. Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-Iowa) released the following statement after Small Business Administration (SBA) Administrator Kelly Loeffler paused the Biden-era Community Advantage Small Business Lending Company (SBLC) program that was designed to provide taxpayer-backed 7(a) loans with riskier underwriting through non-profit mission-based lenders.
    The Community Advantage program generated a 7% default rate over the last 12 months – more than double that of the overall 7(a) loan portfolio.
    “SBA lending programs should be purely based on economic viability,” said Ernst. “The Biden SBA enabled risky lending practices while putting millions of worthy small businesses on the back burner. I am relieved to see Administrator Loeffler continue to restore fiscal responsibility to the agency’s flagship 7(a) lending program to ensure that taxpayers are not forced to foot the bill.”
    The conversion of Community Advantage lenders to Small Business Lending Companies is another example of the irresponsible management of the SBA’s loan programs by the Biden administration. This change was intended to make the Community Advantage Pilot Program permanent without Congressional authorization.
    Background:
    Ernst discussed undoing the damage of the Biden administration and fixing the financial integrity of the 7(a) loan program with Administrator Kelly Loeffler during her confirmation hearing.
    During a hearing earlier this year, Ernst detailed how the Biden administration’s loosening of rules and reckless expansion of the program increased the risk for American taxpayers. She went on to describe how the Trump SBA could fix the 7(a) program.
    In a letter to President Trump on his first day in office, Ernst highlighted Biden’s mismanagement of the program that threatened to force taxpayers to foot the bill.
    Ernst repeatedly raised concerns that the Biden administration’s rapid expansion of the 7(a) lending program was leaving taxpayers on the hook for risky lending practices by non-bank lenders.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: H.R. 1450, OFAC Licensure for Investigators Act

    Source: US Congressional Budget Office

    H.R. 1450 would require the Office of Foreign Assets Control (OFAC) to establish a pilot program under which it could license private firms to conduct small financial transactions with sanctioned entities in order to collect data and intelligence on those entities. Those transactions might otherwise be prohibited because some parties to the transactions are subject to sanctions. The bill would require OFAC to report to the Congress on its implementation of that program. The authority to issue licenses and the reporting requirement would expire five years after OFAC begins issuing those licenses.

    Based on information from OFAC, CBO expects the office would need five employees to implement and administer the pilot program starting in fiscal year 2026. CBO estimates the compensation and operating expenses for those employees and the cost of the reporting requirements would amount to $5 million over the 2025-2035 period. Such spending would be subject to the availability of appropriated funds.

    The CBO staff contact for this estimate is Emma Uebelhor. The estimate was reviewed by Christina Hawley Anthony, Deputy Director of Budget Analysis.

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI: ESET Research APT Report: Russian cyberattacks in Ukraine intensify; Sandworm unleashes new destructive wiper

    Source: GlobeNewswire (MIL-OSI)

    • ESET has released its latest advanced persistent threat (APT) report.
    • Russian APT groups intensified attacks against Ukraine and the EU, exploiting zero-day vulnerabilities and deploying wipers.
    • China-aligned groups like Mustang Panda and DigitalRecyclers continued their espionage campaigns targeting the EU government and maritime sectors.
    • North Korea-aligned groups expanded their financially motivated campaigns using fake job listings and social engineering.

    BRATISLAVA, Slovakia, May 20, 2025 (GLOBE NEWSWIRE) — ESET Research has released its latest APT Activity Report, which highlights activities of select APT groups that were documented by ESET researchers from October 2024 through March 2025. During the monitored period, Russia-aligned threat actors, notably Sednit and Gamaredon, maintained aggressive campaigns primarily targeting Ukraine and EU countries. Ukraine was subjected to the greatest intensity of cyberattacks against the country’s critical infrastructure and governmental institutions. The Russia-aligned Sandworm group intensified destructive operations against Ukrainian energy companies, deploying a new wiper named ZEROLOT. China-aligned threat actors continued engaging in persistent espionage campaigns with a focus on European organizations.

    Gamaredon remained the most prolific actor targeting Ukraine, enhancing malware obfuscation and introducing PteroBox, a file stealer leveraging Dropbox. “The infamous Sandworm group concentrated heavily on compromising Ukrainian energy infrastructure. In recent cases, it deployed the ZEROLOT wiper in Ukraine. For this, the attackers abused Active Directory Group Policy in the affected organizations,” says ESET Director of Threat Research Jean-Ian Boutin.

    Sednit refined its exploitation of cross-site scripting vulnerabilities in webmail services, expanding Operation RoundPress from Roundcube to include Horde, MDaemon, and Zimbra. ESET discovered that the group successfully leveraged a zero-day vulnerability in MDaemon Email Server (CVE-2024-11182) against Ukrainian companies. Several Sednit attacks against defense companies located in Bulgaria and Ukraine used spearphishing email campaigns as a lure. Another Russia-aligned group, RomCom, demonstrated advanced capabilities by deploying zero-day exploits against Mozilla Firefox (CVE 2024 9680) and Microsoft Windows (CVE 2024 49039).

    In Asia, China-aligned APT groups continued their campaigns against governmental and academic institutions. At the same time, North Korea-aligned threat actors significantly increased their operations directed at South Korea, placing particular emphasis on individuals, private companies, embassies, and diplomatic personnel. Mustang Panda remained the most active, targeting governmental institutions and maritime transportation companies via Korplug loaders and malicious USB drives. DigitalRecyclers continued targeting EU governmental entities, employing the KMA VPN anonymization network and deploying the RClient, HydroRShell, and GiftBox backdoors. PerplexedGoblin used its new espionage backdoor, which ESET named NanoSlate, against a Central European government entity, while Webworm targeted a Serbian government organization using SoftEther VPN, emphasizing the continued popularity of this tool among China-aligned groups.

    Elsewhere in Asia, North Korea-aligned threat actors were particularly active in financially motivated campaigns. DeceptiveDevelopment significantly broadened its targeting, using fake job listings primarily within the cryptocurrency, blockchain, and finance sectors. The group employed innovative social engineering techniques to distribute the multiplatform WeaselStore malware. The Bybit cryptocurrency theft, attributed by the FBI to TraderTraitor APT group, involved a supply-chain compromise of Safe{Wallet} that caused losses of approximately USD 1.5 billion. Meanwhile, other North Korea-aligned groups saw fluctuations in their operational tempo: In early 2025, Kimsuky and Konni returned to their usual activity levels after a noticeable decline at the end of 2024, shifting their targeting away from English-speaking think tanks, NGOs, and North Korea experts to focus primarily on South Korean entities and diplomatic personnel; and Andariel resurfaced, after a year of inactivity, with a sophisticated attack against a South Korean industrial software company.

    Iran-aligned APT groups maintained their primary focus on the Middle East region, predominantly targeting governmental organizations and entities within the manufacturing and engineering sectors in Israel. Additionally, ESET observed a significant global uptick in cyberattacks against technology companies, largely attributed to increased activity by North Korea-aligned DeceptiveDevelopment.

    “The highlighted operations are representative of the broader threat landscape that we investigated during this period. They illustrate the key trends and developments, and contain only a small fraction of the cybersecurity intelligence data provided to customers of ESET APT reports,” adds Boutin.

    Intelligence shared in the private reports is primarily based on proprietary ESET telemetry data and has been verified by ESET researchers, who prepare in-depth technical reports and frequent activity updates detailing activities of specific APT groups. These threat intelligence analyses, known as ESET APT Reports PREMIUM, assist organizations tasked with protecting citizens, critical national infrastructure, and high-value assets from criminal and nation-state-directed cyberattacks. More information about ESET APT Reports PREMIUM and its delivery of high-quality, actionable tactical and strategic cybersecurity threat intelligence is available at the ESET Threat Intelligence page.

    Make sure to follow ESET Research on Twitter (today known as X), BlueSky, and Mastodon for the latest news from ESET Research.

    About ESET

    ESET® provides cutting-edge digital security to prevent attacks before they happen. By combining the power of AI and human expertise, ESET stays ahead of emerging global cyberthreats, both known and unknown — securing businesses, critical infrastructure, and individuals. Whether it’s endpoint, cloud, or mobile protection, our AI-native, cloud-first solutions and services remain highly effective and easy to use. ESET technology includes robust detection and response, ultra-secure encryption, and multifactor authentication. With 24/7 real-time defense and strong local support, we keep users safe and businesses running without interruption. The ever-evolving digital landscape demands a progressive approach to security: ESET is committed to world-class research and powerful threat intelligence, backed by R&D centers and a strong global partner network. For more information, visit www.eset.com or follow our social media, podcasts and blogs.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/916569c8-b3c1-41ce-bc7a-dfd407156187

    The MIL Network –

    May 21, 2025

  • MIL-OSI USA: Cortez Masto Calls on Trump Administration to Strengthen American Critical Mineral Supply Chain

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto
    Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) submitted a letter to the U.S. Department of Commerce in response to their Section 232 National Security Investigation of Imports of Processed Critical Minerals and their Derivative Products calling on the Trump Administration to take strategic action to protect, invest in, and strengthen America’s critical mineral supply chain. The Senator also expressed concern that the Administration’s recent tariff policy has undermined our economic and national security.
    “First, critical minerals are deeply important to the economy of Nevada,” the Senator wrote. “It is not an understatement to say that the actions taken in this investigation could impact Nevada more than any other state in the country. Therefore, I encourage you to proceed in a cautious and consultative manner to ensure that any actions taken do not adversely impact my constituents and businesses. Second, I am concerned that President Trump’s trade actions to date work counter to U.S. economic and national security. Blanket tariffs on allies and the chaotic uncertainty of the administration’s trade policy undermine our ability to attract greater U.S. investment and strengthen U.S. critical mineral supply chains.”
    Within Nevada is the “lithium loop” – a region within 250 miles of Reno where critical minerals are mined, extracted, and processed; electric vehicles and batteries are produced; and lithium batteries and other materials are recycled. The state has 19 times more lithium deposits than the next highest state, and Nevada is home to Albemarle’s Silver Peak facilities – the only facility with commercial-scale lithium production in the U.S.
    “Instead of indiscriminate tariffs on allies, we should be imposing strategic tariffs on adversaries,” the Senator continued. “Instead of eliminating tax credits that catalyze investment and growth, we should be expanding tax credits to ensure America dominates the industries of the future. I stand ready to work with you and the administration on any policies that help Nevadans, particularly in these sectors and supply chains which are so key to my state’s economy.”
    Read the full letter here.
    Senator Cortez Masto has led efforts in Congress to strengthen our national security and supply chains. Earlier this year, the Senator demanded Secretary of Defense Hegseth and Secretary of the Treasury Bessent provide answers on the national security impacts of President Trump’s tariffs on Canadian goods. She has consistently blocked burdensome taxes on mining and wrote important provisions of the Bipartisan Infrastructure Law to bolster Nevada’s critical mineral supply chain. She’s also introduced bipartisan legislation to strengthen the domestic supply chain for rare-earth magnets, which are critical components of cell phones, computers, defense systems, and electric vehicles, but are almost exclusively made in China.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI United Nations: 20 May 2025 Note for Media Seventy-eighth World Health Assembly – Daily update: 20 May 2025

    Source: World Health Organisation

    World Health Assembly adopts historic Pandemic Agreement to make the world more equitable and safer from future pandemics

    • Agreement’s adoption follows three years of intensive negotiation launched due to gaps and inequities identified in national and global COVID-19 response.
    • Agreement boosts global collaboration to ensure stronger, more equitable response to future pandemics.
    • Next steps include negotiations on Pathogen Access and Benefits Sharing system.

    Member States of the World Health Organization (WHO) today formally adopted by consensus the world’s first Pandemic Agreement. The landmark decision by the Seventy-eighth World Health Assembly culminates more than three years of intensive negotiations launched by governments in response to the devastating impacts of the COVID-19 pandemic and driven by the goal of making the world safer from – and more equitable in response to – future pandemics.

    Related documents

    A78/10 Add.1, Outcome of informal consultations of Member States, Draft resolution on the WHO Pandemic Agreement

    World Health Assembly commits to historic 20% increase in Assessed Contributions (membership fees), approves WHO’s Base Programme Budget for 2026–2027 of US $4.2 billion

    Delegates at the Seventy-eighth World Health Assembly (WHA78) approved the base programme budget of US$ 4.2 billion for 2026–2027, the first to be fully developed based on the Fourteenth General Programme of Work, 2025–2028 (GPW 14), the global health strategy for the next four years. GPW 14 prioritizes advancing health equity and strengthening health systems resilience. 

    The budget presented to WHA78 committee A was decreased from the initial US$ 5.3 billion presented to the executive board in February given the challenging financial context. While decreasing some regional budgets and headquarters budgets, Member States agreed to try to preserve country level budgets to the extent possible. The budget will allocate resources to enhance technical cooperation, foster partnerships and support the achievement of national and global health targets. The proposed programme budget 2026–2027 also reaffirms the indispensable role of multilateralism in addressing today’s complex and interconnected health challenges. 

    Member States also approved the gradual second 20% increase of the assessed contributions (AC), or membership fees which had been previously adopted by the Member State Working Group on sustainable financing. This ensures that WHO funding is not only predictable, but also resilient and flexible, which is critical given the rapidly changing financial landscape. 

    Member States also had the opportunity to review the implementation of governance reform. In a time of geopolitical tension and rising inequalities, WHO remains a vital platform for cooperation, solidarity and coordination in global health

    World leaders pledged significant contributions to the WHO Investment Round at a high-level pledging event Tuesday evening, another key step in WHO’s journey to sustainable financing. 

    Related documents

    A78/6, Proposed programme budget 2026–2027 (Corrigendum 1) (Add.1)

    A78/37, Report of the Programme, Budget and Administration Committee of the
    Executive Board to the Seventy-eighth World Health Assembly

    A78/INF./8, General Programme of Work, 2025–2028: baselines and
    targets for outcome and output indicators

    A78/4, Consolidated report by the Director-General

    A78/5, Governance reform (Add.1)

    A78/39, Governance reform, Process of handling and investigating potential allegations against WHO Directors-General

    High Level Segment and Director-General Awards

    During the high-level segment, delegates heard from H.E. João Manuel Gonçalves Lourenço, President of Angola and Chairperson of the African Union; H.E. Andrej Plenković, Prime Minister of the Republic of Croatia; and H.E. Liu Guozhong, Vice Premier of the People’s Republic of China. Video statements were made by a number of world leaders across the globe.

    Egyptian opera singer Farrah El-Dibany and Soprano singers Elaine Vidal and Eunice Miller of the Philippines performed at the Health Assembly on Tuesday morning.

    The Director-General also presented Global Health Leader’s awards to Professor Sir Brian Greenwood and Professor Awa Marie Coll Seck for their pivotal work in malaria control and beyond. 

    The Assembly started on Monday 19 May 2025 under the theme “One World for Health”.

    The election of officials took place on Monday morning. Dr Teodoro Herbosa of the Philippines became the President of the Health Assembly. The elected Vice-Presidents are Dr Jalila bint Al Sayyed Jawad Hassan of Bahrain, Dr Sayedur Rahman of Bangladesh, Mr Jaime Hernán Urrego Rodríguez of Colombia, Dr Judit Bidlo of Hungary and Dr Louise Mapleh Kpoto Liberia.

    H.E. Elisabeth Baume-Schneider, Federal Councilor of the Swiss Confederation, addressed the Health Assembly on behalf of the host country.

    Dr Tedros Adhanom Gebreyesus, WHO Director-General, delivered his report to the Assembly.

    MIL OSI United Nations News –

    May 21, 2025

  • MIL-OSI USA: Revitalizing Long Island Downtowns

    Source: US State of New York

    overnor Kathy Hochul today announced awards for a total of 23 transformational projects on Long Island as part of two economic development programs: the Downtown Revitalization Initiative and NY Forward. Eight projects were announced for Smithtown-Kings Park, the Round 7 winner of a $10 million DRI award; eight projects were announced for Brookhaven-North Bellport, a Round 2 winner of a $4.5 million NY Forward award; and seven projects were announced for Mineola, also a Round 2 winner of a $4.5 million NY Forward award.

    “Long Island’s towns and villages represent the best of our state, and I’m investing in 23 transformation projects so they can continue to be the hubs of industry and culture we cherish,” Governor Hochul said. “These projects will make our communities stronger for generations of residents and businesses while honoring the historic character that makes New York special.”

    New York Secretary of State Walter T. Mosley said, “When we invest in our downtowns, we’re investing in the heart of our communities. Through the Downtown Revitalization Initiative and NY Forward program, we’re not just funding projects – we’re fostering vibrant, walkable neighborhoods that spur economic growth, enhance quality of life for residents and preserve the unique character of each municipality and region. These signature programs exemplify our commitment to ensuring that every New Yorker, in every corner of our State, has the opportunity to succeed and thrive.” 

    Town of Smithtown – Kings Park

    The Town of Smithtown has already taken significant steps toward revitalizing Kings Park with aggressive housing and economic development goals to catalyze future transformation through the DRI. The DRI projects will help to support the Town’s vision to create a walkable, mixed-use business district centered around the Long Island Rail Road station with access to restaurants, commercial development, community space and new diverse housing opportunities.

    The 8 Smithtown DRI projects, totaling $9.7 million, include:

    • Implement Main Street and Pedestrian Improvements ($4,500,000): Implement streetscape and pedestrian improvements to increase walkability and safety for both pedestrians and drivers along Main Street. Improvements may include utility line relocation on Main Street, bulb-outs, reduced curb cuts, widened sidewalks, accessible pedestrian ramps and high-visibility crosswalks. The streetscape improvements would also provide a reconfigured parking lot near 75 Main Street.
    • Install Town Green and Library Outdoor Learning Area with Connections to Local Trails ($1,435,000): Convert an underutilized municipal parking lot and parts of the library’s open space into a new park. The new, expanded park will feature a gazebo/stage, a multi-functional outdoor learning area, a new playground community garden and seating. The park will have expanded pathway connections to the Hike and Bike Trailhead.
    • Transform 26-34 Main Street into Mixed-Use Development ($900,000): Construct a three-story mixed-use development at the heart of Main Street with new retail and community facility spaces and approximately 16 apartments. Building will be further set back from Main Street to widen sidewalks and improve pedestrian experience by Russ Savatt Park.
    • Rehabilitate the Historic Mixed-Use Building at 4 Main Street ($850,000): Renovate the restaurant, apartments and outdoor seating areas of a historic building on Main Street’s most prominent corner. Exterior renovations include lighting, signage, landscaping, windows and insulation. Interior renovations include upgrades to HVAC, flooring, ceilings and equipment.
    • Restore the VFW Building for Community Events at 40 Church Street ($728,000): Complete restorations to enable community facility usage and events including roof, sidings, foundation sealing, windows, sewer connection, new signage and an awning. Interior work includes electrical, HVAC, flooring, painting, plumbing, generator and fire safety.
    • Establish a Small Project Grant Program to Support Capital Improvements ($600,000): Create a small grant fund that will help small businesses and property owners improve exteriors and interiors including signage and awnings, windows, entrances, patios, doors and sidings.
    • Implement Branding, Marketing and Signage Strategy for Kings Park ($400,000): Utilize marketing services to attract businesses and create a cohesive visual identity. This includes the re-design and installation of wayfinding signage, a new web and media presence and new programing strategies.
    • Create a Pedestrian Pathway from LIRR Main Street and Russ Savatt Park ($287,000): Create a pedestrian walkway from the LIRR Station to Main Street via Russ Savatt Park to guide pedestrians and visitors. The walkway will be improved with landscaping, crosswalks and lighting.

    Town of Brookhaven-North Bellport

    The Town of Brookhaven will use public/private partnerships to overcome inequities and strengthen the community. Through the development of NY Forward projects the Town will foster new affordable housing close and accessible to the LIRR station; a mixed-use business district; upgrade public amenities; building façade improvements; and streetscape enhancements to improve pedestrian safety.

    The 8 North Bellport NY Forward Projects, totaling $4.5 Million, include:

    • Implement Sidewalks and Lighting Improvements ($1,300,000): Implement new sidewalks on Atlantic Ave from Provost to Station Rd and Post Ave from Patchogue to Montauk Hwy. Install lighting on Atlantic Ave from Station Rd to North Dunton Ave, Post Ave and Montauk Hwy.
    • Develop Affordable Homeownership on Ecke Avenue ($1,250,000): Construct 32 homes with 32 Accessory Apartments (ADU) (64 total units) on vacant land.
    • Create Storefronts and Office Space at 1700-1742 Montauk Highway ($786,855): Commercial development with first floor retail and second floor office and community space.
    • Renovate a School Annex at 1415 Montauk Highway ($446,000): Renovate a school annex for Pre-K to second grade classes. Space will host events and programs open to the public.
    • Upgrade Robert Rowley Park ($345,152): Park improvements including upgraded playground equipment and surfacing, landscaping, new benches, upgraded and increased lighting, pickleball courts, basketball court improvements and upgraded fencing and paving.
    • Enhance Bellport Station ($200,000): Improvements to Bellport Station including cleaned up vegetation and new landscaping.
    • Improve Outdoor Space at the Boys and Girls Club ($96,993): Improvements include backyard and playground upgrades, basketball court construction, parking lot lighting and a meditation garden.
    • Upgrade the Facade at 1414 Montauk Highway ($75,000): Reface the exterior of the building and add new lighting, store signage and a sidewalk complex sign.

    Village of Mineola

    The Village of Mineola has engaged in thoughtful planning and supportive zoning changes to attract new businesses and people to the downtown, which has helped create over 1,400 housing units during the last decade. The NY Forward projects will build on these important prior efforts by creating more public spaces in the downtown; developing vacant parcels into mixed-use buildings; and completing placemaking and pedestrian improvements.

    The 7 Mineola NY Forward Projects, totaling $4.5 Million, include:

    • Redevelop Second and Main Street to Strengthen the Downtown Core ($1,300,000): Expand sidewalks on the north side of Second Street and east side of Main Street, install automatic bollards for temporary road closures, remove utility poles and bury power lines, and enhance streetscapes with landscaping and amenities.
    • Redevelop 199 Jericho Turnpike into a Mixed-Use Building that Preserves the Historic Façade ($1,000,000): Redevelop 199 Jericho Turnpike with a 40,000-square-foot mixed-use building featuring 30 residential apartments, including 15 affordable units and a 2,685-square-foot retail space, while preserving the historic bank façade and adding sidewalk pavers, street trees and parking.
    • Strengthen Pedestrian Streetscapes With a Focus on Lighting the Downtown Core and Installing Area-Wide Wayfinding ($850,000): Install wayfinding and gateway signage to promote Village identity and guide visitors to key destinations, while enhancing streetscapes with trees, planters, seating and the removal of cluttered poles.
    • Install a Public Mural on the Pavilion Garage and Activate Surrounding Public Space ($505,000): Install a large-scale mural on the north-facing wall of The Pavilion Parking Garage and transform the ground area into a flexible space with landscaping, lighting, seating and public amenities to create an inviting environment for events, commuters and residents.
    • Activate and Improve Connection from Station Plaza to Second Street Passageway ($417,000): Enhance pedestrian connectivity between the train station and Downtown Mineola by upgrading the Mineola Boulevard Bridge underpasses and Morgan Parc alleyway with improved lighting, public art and aesthetic enhancements.
    • Establish a Small Project Fund to Support Local Businesses and Improve the Public Realm ($300,000): Establish a fund to support property improvements within the NYF Area, offering grants for façade enhancements, signage, building renovations, accessibility upgrades, sustainability projects and public art, with tailored guidelines for private and non-profit applicants.
    • Renovate Facade of the St. James to Promote a More Vibrant Second Street ($128,000): Renovate the St. James façade to modernize its appearance with French sliding doors, updated lighting, new signage, an upgraded entryway and enhanced surface treatments to enhance customer experience and align with Second Street’s revitalization.

    In the FY25 Enacted Budget, Governor Hochul made the “Pro-Housing Community” designation a requirement for cities, towns and villages to access up to $650 million in State discretionary programs, including the Downtown Revitalization Initiative and New York Forward. To date, more than 300 municipalities across the State have become certified. To further support localities that are doing their part to address the housing crisis, Governor Hochul secured $100 million in the FY26 Enacted Budget to create a Pro-Housing Supply fund to assist certified Pro-Housing Communities with critical infrastructure projects necessary to create new housing, such as sewer and water infrastructure upgrades.

    Empire State Development President, CEO, and Commissioner Hope Knight said, “The Downtown Revitalization Initiative and NY Forward programs are transforming communities across New York State by turning local visions into bold investments to generate place-based economic development. These projects will create new opportunities for businesses, support vibrant public spaces, and attract residents and visitors alike – laying the foundation for sustainable growth and stronger regional economies.” 

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “All across this State, the Downtown Revitalization Initiative and NY Forward programs are strategically prioritizing communities, growing economies with targeted awards, creating more housing opportunities that improve affordability for New Yorkers where it is most needed, and building on the diverse character of our neighborhoods. By working with local and municipal partners, these awards continue Governor Hochul’s commitment to developing the full potential of our downtowns as economic drivers and attractive places to live.”

     Empire State Development Board Chair Kevin Law said, “As a Long Islander, I’m especially proud to see these transformative investments in Kings Park, North Bellport, and Mineola. These awards demonstrate how targeted funding can reinvigorate commercial centers while preserving their distinct identities. These projects address critical needs—enhancing accessibility around transit hubs, diversifying residential options, and modernizing infrastructure—that will position these localities for long-term prosperity and fuel regional economic growth that will benefit Long Islanders for generations.”

    LIREDC Co-Chairs Linda Armyn and Dr. Kimberly R. Cline said, “From creating a walkable, transit-connected downtown in Kings Park to advancing affordable housing and public amenities in North Bellport, and mixed-use revitalization in Mineola, these projects are reshaping Long Island’s economic landscape. Through DRI and NY Forward, we’re delivering smart, community-driven investments that support small businesses, strengthen infrastructure, and foster vibrant, inclusive downtowns where residents and visitors alike can thrive.”

    State Senator Siela A. Bynoe said, “The seven NY Forward Projects planned in the Village of Mineola are a welcome investment in the future of the village and its residents. These grants stand as a testament to the forward-thinking work the Village of Mineola has engaged in to attract business and increase housing. It is an exciting opportunity for the village to now expand on that work with beautified streetscapes, improved lighting, support for local businesses, and increased walkability. I extend my gratitude to Governor Hochul for recognizing the transformational effect of investing in our downtowns.”

    Town of Smithtown Supervisor Ed Wehrheim said, “I’m incredibly proud and grateful to see Kings Park’s vision come to life through the $10 million Downtown Revitalization Initiative. From Main Street beautification, which includes the prospect for the highly sought-after utility line relocation, to the new Town Green, Library Outdoor Learning Area, trail access and pedestrian connections to the LIRR and Russ Savatt Park, these projects will give our downtown the vibrant facelift it truly deserves—right where our community gathers every day. This milestone reflects the hard work of a talented team of planners, environmental experts, consultants, and our partners in government. I want to sincerely thank Governor Kathy Hochul, Empire State Development, the Regional Economic Development Council, and especially the Kings Park community for their continued input and commitment throughout this incredible process.”

    Town of Brookhaven Supervisor Daniel J. Panico said, “The people and community of North Bellport have been and continue to be a priority of mine since being elected Supervisor of Brookhaven Town. This investment continues the positive momentum forward toward brighter days. I have long believed that people believe more of what they see with their eyes compared to what they hear with their ears. Accordingly, this investment will deliver tangible improvements and will enable us to continue our work in the North Bellport community. I thank the Governor, her staff, and all those who see the value in partnering with and investing in Brookhaven Town.”

    Village of Mineola Mayor Paul Pereira said, “The Village of Mineola is excited to get these transformational projects started. The NY Forward Program will help the village achieve its goals of revitalizing the downtown into the premier destination on Long Island that it deserves to be. The local planning committee worked tirelessly with the community and the state planners to present the most transformative projects possible. As these projects get under way, along with the projects that have already been approved locally, our residents can see the positive change that is happening. Thank you to the governor and her team for their continued support of our great community. We are excited to get to work.”

    DRI and NY Forward communities developed Strategic Implementation Plans (SIPs), which create a vision for the future of their downtown and identify and recommend a slate of complementary, transformative and implementable projects that support that vision. The SIPs are guided by a Local Planning Committee (LPC) comprised of local and regional leaders, stakeholders and community representatives, with the assistance of an assigned consultant and DOS staff, all of whom conduct extensive community outreach and engagement when determining projects. The projects selected for funding from the SIP were identified as having the greatest potential to jumpstart revitalization and generate new opportunities for long-term growth.

     About the Downtown Revitalization Initiative

    The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative “plan-then-act” strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that are a key ingredient to helping New York State strengthen its economy, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles. Through nine rounds, the DRI has awarded a total of $900 million to 91 communities across every region of the State.

    About the NY Forward Program

    First announced as part of the 2022 Budget, Governor Hochul created the NY Forward program to build on the momentum created by the DRI. The program works in concert with the DRI to accelerate and expand the revitalization of smaller and rural downtowns throughout the State so that all communities can benefit from the State’s revitalization efforts, regardless of size, character, needs and challenges.

    NY Forward communities are supported by a professional planning consultant and team of State agency experts led by DOS to develop a Strategic Investment Plan that includes a slate of transformative, complementary and readily implementable projects. NY Forward projects are appropriately scaled to the size of each community; projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that enhance specific cultural and historical qualities that define and distinguish the small-town charm that defines these municipalities. Through three rounds, the NY Forward program has awarded a total of $300 million to 60 communities across every region of the State.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: ICYMI—Hagerty Joins Varney & Co. on Fox Business to Discuss Trump’s Capitol Hill Meeting on Reconciliation, GENIUS Act

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Appropriations, Banking, and Foreign Relations Committees and former U.S. Ambassador to Japan, joined Varney & Co. on Fox Business to discuss President Donald Trump’s meeting on Capitol Hill on the budget reconciliation package, along with the GENIUS Act.

    *Click the photo above or here to watch*

    Partial Transcript

    Hagerty on Trump’s meeting on Capitol Hill: “We’re watching what the president had to say coming out of the meeting. We’re very focused on this bill, making certain that it happens. But I’ll say this: a lot of the projections, a lot of the prognosticators are pointing to a growth in the deficit, revenue shortfalls, etc. I’ll take us back to 2017. If you think about what the Congressional Budget Office was saying, they were looking at a revenue decrease from President Trump’s 2017 Tax Cuts and Jobs Act. What happened? We actually had a revenue increase. They don’t capture the dynamics, as was mentioned before, tariff revenues, cost savings coming from the DOGE efforts and a lot of effort that’s going on within the agencies beyond DOGE. I think there’s a lot more to be captured here and the Senate is looking forward to getting our teams on this and looking for even more significant cuts than the House has delivered so far.”

    Hagerty on moving forward on the GENIUS Act in the Senate:     “I think we have broad agreement from a policy standpoint between Democrats and Republicans. We had a good evening last night, and I think there are actually a number of other folks that aren’t on the bill just yet that will become supportive of it. So, I feel very good about where we’re going. The momentum is very positive right now. All the feedback I’ve had since last night has been extremely positive. So, we’re going to be working at pace this week—we might even get it done this week—that would be great if we could.”

    Hagerty on the GENIUS Act’s impact on the financial system: “It puts our financial system and our payment system more specifically into the modern times. What we rely upon today was designed in the seventies and eighties. This is a chance to completely modernize our payment system to make sure that the innovation that’s happening around the entire industry stays here in America. And importantly, the stablecoin is dollar-denominated, that will perpetuate the dollar’s position, dollar’s dominance as the reserve currency of the world. And it will also increase demand for treasury bills here in America, which is a good thing as well […] The stablecoin legislation requires that each dollar stablecoin be backed fully by either a dollar in cash or short-term treasuries. To do that, the stablecoin issuer has to go and purchase short-term treasuries. Already, stablecoin issuers are large owners of treasuries, and by 2030, Citi projects that stablecoin issuers will be the largest owner of U.S. treasuries in the world.”

    Hagerty on the ability to buy stablecoins:     “You’ll be able to [purchase stablecoins] almost instantaneously. And again, the payment system is there. We just need to give a legal framework for it to thrive here in America. Otherwise, we’ll see what’s been happening. It’s going to keep moving offshore. This is a better way for us to protect consumers, and it’s certainly a better way for us to make certain that America remains the hotbed of competition and innovation in this space […] If you think about it, this is great for dollar dominance as well. We’ve seen a slight erosion, but this is going to make certain that the dollar is the currency of choice around the world, because that’s where all the digital trading is going to go. And again, enhancing the demand for treasuries helps us, particularly at a time when we’re trying to work this deficit down.”

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: Luján, Warner, Colleagues Introduce Legislation to Combat DOGE’s Unsafe Retention of Personal Information

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)
    Legislation Would Increase Penalties for Improper Maintenance or Release of Personally Identifiable Information (“PII”) by the Government
    Washington, D.C. — Today, U.S. Senator Ben Ray Luján (D-N.M.) joined U.S. Senator Mark R. Warner (D-VA) and five Senate colleagues in introducing the Defending Our Government’s Electronic data: Bolstering Responsible Oversight & Safeguards (DOGE BROS) Act, legislation to hold Elon Musk and the Department of Government Efficiency (DOGE) accountable for their continued efforts to improperly access, and retain, individuals’ personally identifiable information (PII) including names, addresses, phone numbers, email addresses, Social Security numbers, and other financial information.
    “From day one, Elon Musk’s DOGE has taken a wrecking ball to the federal government and critical services for the American people, all while carelessly pursuing their sensitive personal data,” said Senator Luján. “Congress must do more to protect that information and keep it out of the wrong hands. That’s why I’m proud to join my colleagues in introducing legislation to strengthen our privacy laws and put Americans’ privacy first.”
    “As unvetted and unqualified DOGE employees continue to recklessly access the sensitive personal information of millions of Americans, it’s important that we take steps to better protect this data,” said Senator Warner. “For too long, our privacy laws have sat outdated, barely serving as a deterrent for improper handling or potential release of information. This legislation would enforce that privacy must be a priority when handling the data of the American public.”
    “Elon Musk and his ‘Department of Government Efficiency’ are wreaking havoc across the government and gaining access to Americans’ sensitive information without proper authorization, which poses significant privacy and national security concerns,” said Senator Kaine. “That’s why I’m introducing this bill to increase the penalties for violating privacy laws and help safeguard Americans’ personal information.”
    “Elon Musk and his DOGE cronies have been illegally ransacking federal agencies to gain access to troves of Americans’ sensitive personal data – from Social Security numbers to medical records to bank account information. Strengthening penalties for the theft of this data will help further deter these illegal abuses and keep Americans’ private information safe,” said Senator Van Hollen.
    “The American people do not want Elon Musk knowing their Social Security numbers and sifting through their financial information. Musk and his team of wildly unqualified DOGE employees have gone too far – and we are sick of it. The Senate needs to prove we care more about those we serve than Elon Musk. Let’s immediately pass this legislation to protect the data and privacy of the American people,” said Senator Alsobrooks.
    “Elon Musk’s so-called ‘Department of Government Efficiency’ and his DOGE agents are wreaking havoc on the federal government and the programs millions of Americans rely on. There’s no reason DOGE should gain access to Vermonters’ personal information, and I’m working with my colleagues to hold DOGE accountable and protect peoples’ privacy and data,” said Senator Welch. 
    Joining Senators Luján and Warner in introducing the DOGE BROS Act are U.S. Senators Tim Kaine (D-VA), Chris Van Hollen (D-MD), Angela Alsobrooks (D-MD), Adam Schiff (D-CA), and Peter Welch (D-VT).
    The United States has existing laws that are designed to protect personal information held by the government. However, the penalties established in these various laws have not been properly adjusted or increased to account for inflation, making them far less impactful today. The DOGE BROS Act would increase five penalties for violation of federal privacy laws to better protect the sensitive information that DOGE is accessing in their reckless purge of the federal government. Specifically, the DOGE BROS Act would increase the following existing penalties for the unauthorized release of the following information:
    Individually Identifiable Information Contained Within Any Agency Record  
    Code Section: 5 U.S.C. §552a(i)(i, ii, iii)
    Current Penalty: up to $5,000
    Proposed Penalty: up to $30,000
    Information from Any Department or Agency of the United States Obtained Using a Computer Without Authorization
    Code Section: 18 U.S.C. 1030(a)(2)(B)
    Current Penalty: up to $250,000
    Proposed Penalty: up to $750,000
    Social Security and Medicare Data
    Code Sections: 42 U.S.C. §1306
    Current Penalty: up to $10,000
    Proposed Penalty: up to $25,000
    Tax Return Information
    Code Section: 26 U.S.C. §7213
    Current Penalty: up to $5,000
    Proposed Penalty: up to $25,000
    Census Data
    Code Section: 13 U.S.C. §214
    Current Penalty: up to $5,000
    Proposed Penalty: up to $25,000
    Full bill text is available here.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: Reed Helps Increase Wages for RI Defense Workers Building State-of-the-Art Submarines for U.S. Navy

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC – U.S. Senator Jack Reed (D-RI) today commended General Dynamics Electric Boat (EB), the U.S. Navy, and labor leaders for working together to reach a tentative agreement that will increase wages for workers at Electric Boat’s Quonset Point facility in Rhode Island.
     
    Last year, Reed, who was then serving as Chairman of the Senate Armed Services Committee (SASC), led passage of the $883.7 billion fiscal year 2025 National Defense Authorization Act (NDAA), which included permissive authority for wage increases for submarine workers.  President Biden signed the measure into law in December 2024 and Reed, working on the Appropriations Committee, helped to include the funds in the Continuing Resolution to allow the Navy to underwrite the cost of these wage increases for shipbuilders. 
     
    On April 30, the Navy awarded EB and Newport News Shipbuilding, which is a division of Huntington Ingalls Industries, an $18.4 billion contract for new submarines and workforce development, including wage improvements.
     
    “This is good news for the hardworking men and women who help build these world-class submarines right here in Rhode Island.  They deserve a raise and fair wages that reflect the value of their outstanding work.  This will also help us recruit and retain the skilled workers needed to continue building these next generation submarines at Quonset.  So it is a win for these workers, the state’s economy, and national security,” said Senator Reed.
     
    The new wage includes across the board wage increases for hourly employees at EB’s Quonset shipyard and will increase the starting rate to $22/hour.

    Additionally, current shipbuilders will see wage increases that range from 2 percent to over 6 percent depending on years of service and specific trade – for example additional wage increases for trades that have been both difficult to attract/retain employees.

    EB will also implement a new Pay-for-Performance model where hourly employees will be eligible for greater increases every 6 months based on a performance review.

    As a result of the wage adjustments, the maximum rate for each Labor Grade will also increase.
     
    The changes are scheduled to take effect on June 1, 2025.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: Lawmakers Raise Alarm Over Trump’s Middle East AI Giveaway

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC  — President Donald Trump’s efforts to curry favor from several wealthy royal families that rule over countries in the Middle East and cut artificial intelligence deals with Saudi Arabia and the United Arab Emirates (UAE) could threaten U.S. national security and put American economic interests at risk.

    Today. U.S. Senators Jack Reed (D-RI), Chris Coons (D-DE), Jeanne Shaheen (D-NH), Mark Warner (D-VA), and Mark Kelly (D-AZ) along with Congressmen Jim Himes (D-CT) and Raja Krishnamoorthi (D-IL) issued the following joint statement in response to President Trump’s artificial intelligence deals that were announced with Saudi Arabia and the UAE this week:

    “Democrats and Republicans have long agreed that American companies must remain the undisputed leader in AI, a rapidly developing technology critical to the future of everything from our national security to manufacturing, finance to health care. We have worked hard to ensure the most powerful AI systems are built here, and we have fought to restrict the most sophisticated chips from reaching China – or those who would grant remote access to China – given Beijing’s use of AI to strengthen its military, crack down on domestic dissent, and compete with the U.S.

    “President Trump announced deals to export very large volumes of advanced AI chips to the UAE and Saudi Arabia without credible security assurances to prevent U.S. adversaries from accessing those chips. These deals pose a significant threat to U.S. national security and fundamentally undermine bipartisan efforts to ensure the United States remains the global leader in AI. Rather than putting America first, this deal puts the Gulf first.

    “The volume of AI chips Trump is offering for export would deprive American AI developers of highly sought-after chips needed here and slow the U.S. AI buildout. Under this deal, data centers and AI systems that would otherwise be built in America will be built in the Middle East – at the exact time that President Trump says he wants to bring jobs and key industries back home. This deal would incentivize U.S. firms to build the factories of the future overseas, creating significant vulnerabilities in our AI supply chain. If our leading AI firms offshore their frontier computing infrastructure to the Middle East, we could become as reliant on the Middle East for AI as we are on Taiwan for advanced semiconductors – and as we used to be on the Middle East for oil. We should not foster new dependencies on foreign countries for this premier technology.

    “Additionally, these deals will provide our highest end chips to G42, a company with a well-documented history of cooperation with the People’s Republic of China. We applaud the administration’s efforts to limit exports of advanced AI chips to China, including recent actions to further restrict exports of Nvidia chips. However, these efforts will be for nothing if G42 or other companies with ties to China are given large quantities of our most advanced chips.

    “Proponents of the deal argue that China will fill the gap if we do not sell substantial quantities of advanced chips to these countries. This is false. China cannot and will not because China makes fewer chips as a nation than these deals offer, and each is inferior to their U.S.-designed equivalent. This is thanks to the bipartisan efforts under both the Trump and Biden administrations to cut off China’s access to advanced chip manufacturing equipment. These efforts have worked, and we should double down on this success rather than squander the leverage we have won.

    “If this deal succeeds, the offshoring of frontier American AI will be recorded as an historic American blunder. People around the world deserve to enjoy the benefits we will reap from AI. However, AI chips must only be exported to trusted companies, in reasonable numbers, and in concert with credible security standards and assurances. We welcome the opportunity to work with the administration to meet these objectives and urge our colleagues in Congress to do the same.”

    Senator Reed is Ranking Member of the Senate Armed Services Committee.  Senator Coons is Ranking Member of the Senate Appropriations Subcommittee on Defense. Senator Shaheen is Ranking Member of the Senate Foreign Relations Committee. Senator Warner is Vice Chair of the Senate Intelligence Committee. Senator Kelly is a member of the Senate Intelligence Committee. Congressman Himes is Ranking Member of the House Intelligence Committee. Congressman Krishnamoorthi is Ranking Member of the House Select Committee on the Chinese Communist Party.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: Risch Leads Legislation to Counter Adversary Nuclear Energy Programs

    US Senate News:

    Source: United States Senator for Idaho James E Risch

    WASHINGTON – U.S. Senators Jim Risch (R-Idaho), chairman of the Senate Foreign Relations Committee, Chris Coons (D-Del.), senior member of the Senate Foreign Relations Committee, Mike Lee (R-Utah), chairman of the Senate Energy and Natural Resources Committee, and Martin Heinrich (D-N.M.), ranking member of the Senate Energy and Natural Resources Committee, introduced the International Nuclear Energy Act. This legislation aims to support the U.S. domestic nuclear energy industry’s leadership and offset China and Russia’s growing influence on international nuclear energy development.

    “If the U.S. doesn’t lead on nuclear energy development, Russia and China will,” said Risch. “This bill will give us the tools we need to compete with these authoritarian aggressors and build long-lasting nuclear energy deals that benefit our economy and ensure America remains the leader on nuclear energy for generations to come.”

    “With the International Nuclear Energy Act, we’re not asking for a seat at the table—we’re setting the agenda on global nuclear development,” said Lee. “Achieving American energy dominance will require us to streamline our nuclear exports, foster our relationships abroad, and bring the full weight of American industry to bear in out-competing our geopolitical adversaries. I’m grateful to partner with Senator Risch to ensure that America remains at the forefront of nuclear power for decades to come.”

    The International Nuclear Energy Act would:

    • Support the establishment of an office to coordinate civil nuclear exports strategy; establish financing relationships; promote regulatory harmonization; enhance safeguards and security; promote standardization of licensing framework; and create a nuclear exports working group.

    • Create programs to facilitate international nuclear energy cooperation to develop financing relationships, training, education, market analysis, safety, security, safeguards and nuclear governance required for a civil nuclear program.

    • Require a cabinet-level biennial summit focused on nuclear safety, security, and safeguards, and to enhance cooperative relationships between private industry and government.

    • Establish a Strategic Infrastructure Fund Working Group to determine how to best structure a Fund to finance projects critical to national security.

    The International Nuclear Energy Act is supported by the Idaho National Lab, Nuclear Energy Institute, and Clearpath Action.

    “I commend Senator Risch for his continued leadership and attention to advancing U.S. nuclear energy policy on the global stage. Securing American leadership in global nuclear deployment is essential to national security, meeting international energy demand, and ensuring that safe, reliable technologies define the global standard,” said John Wagner, Director of Idaho National Laboratory.

    “From Europe and the Asia-Pacific, from the Americas to the Middle East and Africa, countries are turning to nuclear energy to meet growing energy demands with reliable, secure, abundant, affordable, and clean sources. Now more than ever, U.S. nuclear energy leadership is needed. The International Nuclear Energy Act includes important provisions that will facilitate the deployment of U.S. nuclear energy technologies to partner nations, generating American jobs and extending U.S. influence in nuclear safety, nonproliferation, and security. We commend Senators Risch, Coons, Lee, and Heinrich for advancing legislation that will help maintain U.S. global leadership in commercial nuclear technology,” said Maria Korsnick, President and CEO of the Nuclear Energy Institute.

    “Investing in our domestic nuclear energy supply chain and fostering export opportunities abroad will increase the energy security of our allies and create jobs here in America. While the United States remains the foremost nuclear power in the world, from our power plants to our nuclear navy, developing countries have more recently looked to Russia and China for their new nuclear needs. INEA wisely puts new tools in America’s energy tool belt to support domestic technologies racing to the global marketplace to compete,” said Jeremy Harrell, CEO of ClearPath Action.

    Idaho is home to the Idaho National Lab (INL), which is the flagship laboratory for civil nuclear research energy and the first place in the world to generate electricity with a nuclear reactor. INL is driving significant progress in new nuclear research by collaborating with industry to demonstrate advanced technologies like small modular reactors, microreactors, and safer, more efficient nuclear fuels. These efforts, made possible through public-private partnerships at INL, will contribute to the nation’s energy independence and strengthen U.S. leadership in civil nuclear energy around the world. 

    Senator Risch has long advocated for domestic nuclear energy production and the commercialization of advanced nuclear technologies. In a recent Washington Times editorial, Senator Risch underscored the critical role of nuclear energy in powering America’s current and future energy needs.

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI United Nations: 20 May 2025 News release In historic move, WHO Member States approve 20% funding increase and 2026–27 budget

    Source: World Health Organisation

    In a show of support for a sustainably financed World Health Organization, WHO Member States today approved a 20% increase in assessed contributions (membership dues) as they endorsed the Organization’s 2026–27 budget of US$ 4.2 billion.

    This is the second such 20% increase in assessed contributions to WHO, the previous being agreed as part of the 2024–25 budget. It comes as governments are facing financial constraints and economic headwinds and demonstrates Member States’ fundamental support for global health solidarity and the critical role of WHO.

    Dr Tedros Adhanom Ghebreyesus, the WHO Director-General, and other senior leaders thanked Member States for their support and partnership, noting their profound vote of confidence in WHO’s mission and their commitment to health security and resilience worldwide.

    Insufficient levels of predictable funding of WHO has hindered its ability to carry out long term projects and support its global operations to promote health for all. This, in addition to over reliance on funding from a small set of traditional donors, was identified as a major organizational challenge in WHO’s Transformation initiative that launched in 2017.

    In 2022, WHO Member States agreed an historic increase in their assessed contributions by gradually increasing their membership dues to represent 50% of WHO’s core budget by the 2030–2031 cycle, at the latest. In the 2020–2021 biennium, assessed contributions represented only 16% of the approved programme budget.

    While this work began years ago, due to recent changes in the global financial landscape, sustainable financing is more important than ever before. WHO’s originally approved 2026–27 programme budget was downsized 22% (from US$ 5.3 billion to US$ 4.2 billion) due to financial constraints.

    Today’s approval of WHO’s base programme budget of US$ 4.2 billion for 2026–2027 is the first to be fully developed based on the Organization’s Fourteenth General Programme of Work, 2025–2028 (GPW 14), its global health strategy for the next four years.

    Note to editor

    At its meeting in January 2021, WHO’s Executive Board established the Sustainable Financing Working Group to begin work on a path towards resolving the widening gap between the world’s expectations of WHO and the financial resources available to us to meet them.

    In addition to increasing Member State assessed contributions to WHO, several other resource mobilization initiatives are being undertaken to support WHO’s activities. These include the establishment of the WHO Foundation, diversification of WHO’s donor base, and staging of its first Investment Round, including today’s high-level pledging event.

    Ensuring WHO has sustainable levels of financing is critical for it to continue responding to health emergencies, increasing health-care access, and ensuring people are living healthy lives.

    The Seventy-eighth World Health Assembly marks a key moment in the transformation of WHO to become a more efficient and effective organization, made possible by contributions from partners across the globe.

    MIL OSI United Nations News –

    May 21, 2025

  • MIL-OSI USA: USDA Secretary Brooke Rollins Announces Farmers First Initiative, Approves Nebraska SNAP Waiver During Tour of Ag Businesses with Gov. Pillen

    Source: US State of Nebraska

    . Pillen

     

    LINCOLN, NE – Today, Governor Jim Pillen hosted U.S. Department of Agriculture Secretary Brooke Rollins on a day-long visit that included three separate stops and two significant announcements. He was joined in the visits by Nebraska Department of Agriculture (NDA) Director Sherry Vinton and U.S. Congressman Adrian Smith.

    “I’m pleased that Sec. Rollins has had the opportunity to experience the depth and breadth of Nebraska agriculture and what our state is doing to help feed the world and save the planet,” said Gov. Pillen. “Today, she heard from a diverse group of producers, visited a typical multi-generational Nebraska family farm, and got a first-hand look at what sets our state apart for the future — value-added agriculture.  I’m glad we could make these connections and look forward to continuing the work that makes Nebraska the innovative agricultural leader it is, between crop, livestock and ethanol production.”

    The ag tour kicked off at the Cargill Bioscience 650-acre facility in Blair this morning. That facility is Cargill’s largest and directly employs approximately 600 Nebraskans while processing over 340,000 bushels of corn daily to produce products such as fuel grade ethanol, corn gluten meal and meat for poultry, pet food and cattle feed. The company also makes sweetener, corn syrup and other corn-based products such as enzymes, biopolymers, and amino acids.

    Upon arriving at Wholestone Farms in Fremont, Sec. Rollins took a few minutes to greet employees waiting inside. The group witnessed part of the plant’s hog processing operation and later gathered in the staff cafeteria with members of the media. There. Sec. Rollins signed off on Nebraska’s Supplemental Nutrition Assistance Program (SNAP) waiver request, excluding soda and energy drinks from the list of approved purchases. Nebraska submitted its waiver in early April and is the first state in the nation to have its application approved by the USDA, effective Jan. 1, 2026.

    “Today’s waiver to remove soda and energy drinks from SNAP is the first of its kind, and it is a historic step to Make America Healthy Again. Under President Trump’s leadership, I have encouraged states to serve as the ‘laboratories of innovation.’ Nebraska Governor Jim Pillen and Governors in Iowa, Arkansas, Indiana, Kansas, West Virginia, and Colorado are pioneers in improving the health of our nation,” said Sec. Rollins.  

    “There’s absolutely zero reason for taxpayers to be subsidizing purchases of soda and energy drinks. SNAP is about helping families in need get healthy food into their diets, but there’s nothing nutritious about the junk we’re removing with today’s waiver. I’m grateful to have worked with Secretary Rollins and the Trump Administration to get this effort across the finish line. It is a tremendous step toward improving the health and well-being of our state. We have to act because we can’t keep letting Nebraskans starve in the midst of plenty,” said Gov. Pillen. 

    Gov. Pillen, Sec. Rollins, Rep. Smith and NDA Dir. Vinton wrapped up their tour of ag businesses with a stop in the afternoon at Ohnoutka Family Farm in Valparaiso. There, the group engaged in a roundtable with invited producers from across the state. Discussion hit on a variety of topics, from tariffs to grants, water quantity and quality, educating youth about agriculture and keeping generational farming going in Nebraska. Prior to the roundtable event, the group was greeted by youth from the local FFA chapter.

    Following the roundtable, Sec. Rollins made her second announcement – a policy initiative aimed at supporting small family farms. Called Farmers First, the program is part of the USDA’s Make Agriculture Great Again agenda and outlines 10 action items that aim to help the 86 percent of small family farms across the nation.

    “Welcoming Secretary Rollins to Nebraska alongside Governor Pillen provided a tremendous opportunity to showcase Nebraska’s world-leading livestock, crop, and biofuels producers,” said Rep. Smith, who represents the state’s third district. “As we mark 163 years since the signing of the Homestead Act, agriculture remains the economic driver of our state and the nation’s Heartland. USDA’s new Farmers First strategy will expand markets, deliver regulatory relief, promote long-term certainty, and ensure the accessibility of USDA resources for American farming families working tirelessly to feed and fuel the world. I will continue to work with Secretary Rollins and President Trump to unleash prosperity for generations to come.”

    Some of the efforts in the Farmers First initiative include: 

    • Streamlining Processes: Simplifying USDA applications, like the Emergency Commodity Assistance Program (ECAP), to reduce barriers for farmers

    • Credit and Land Access: Reforming loan programs and using tools like the Agricultural Land Easement (ALE) to help farmers buy and protect land

    • Farm Transitions: Calling on Congress to adjust tax policies, like expanding Section 179, to ease passing farms to the next generation

    • Market and Infrastructure: Prioritizing local farmers in procurement and reforming programs to ensure funds reach producers, not special interests

    • Labor Access: Working with other agencies to address labor shortages, including exploring visa reforms for agricultural workers

    • Risk Management: Making USDA programs simpler and launching a disaster portal for better access to assistance

    • Energy and Regulations: Supporting affordable energy and reviewing environmental permitting to lower costs for farmers

    “Our family-owned farms and ranches are at the heart of agriculture in America and are the backbone of the economy in states like Nebraska. Generations of producers have passed down the love of farming, strongly rooted values, and common-sense stewardship of our land and water to the next generation,” said Gov. Pillen. “I’m glad that Secretary Rollins and the USDA are highlighting the value and importance of family owned and small operations as part of our efforts to put Farmers First. I look forward to this tremendous initiative, and I am thrilled that she chose to launch it from a family farm right here in Nebraska.”

    More information about the Farmers First initiative can be found here:

    View the Farmers First: Small Family Farms Policy Agenda

    Cargill Tour

    Wholestone Tour

    Wholestone News Conference

    Ohnoutka Family Farm Roundtable

    Ohnoutka Family Farm News Conference

    Ohnoutka Family Farm

    MIL OSI USA News –

    May 21, 2025

  • MIL-OSI USA: NYPA Economic Development Awards Nearly $135M in WNY

    Source: US State of New York

    overnor Kathy Hochul today announced economic development awards to five Western New York-based firms that will spur nearly $135 million in capital investments. The awards, approved by the New York Power Authority (NYPA) Board of Trustees today, include Western New York hydropower allocations to four firms that will create 107 jobs and $88,000 in Western New York Power Proceeds funding to Industrial Support Inc. in Buffalo.

    “New York Power Authority economic development awards play a key role in attracting businesses to Western New York, stimulating regional job growth and significant capital investments, and leveraging our state’s hydropower resources,” Governor Hochul said. “This round of awards reflects our efforts to build a vibrant, resilient economy through the creation of more than one hundred jobs for the Western New York workforce.”

    Western New York Hydropower

    At today’s meeting, the NYPA Board of Trustees approved low-cost Niagara hydropower allocations for Food Nerd, Polaris, Saint-Gobain and Deckorators.

    Food Nerd—a firm established in 2019 that creates nutrient-rich, plant-based snack foods and meals—was awarded 630 kilowatts (kW) of Niagara hydropower for a nearly $5 million expansion that will lead to the creation of 11 jobs. The project includes the establishment of a production line in a 27,000 square-foot facility in Clarence in Erie County. The new manufacturing line will have the capacity to produce more than 100,000 product packs per week for a variety of items, including those for children and pets. For its expansion, Food Nerd will purchase new machinery and equipment, refurbish its Clarence site and implement a seed sprouting operation, providing end-to-end processing capabilities—from raw ingredients to finished products.

    Polaris specializes in providing temperature-controlled storage and warehouse solutions, offering a variety of services tailored to meet the needs of industries that require strict temperature regulation for products, such as the food and beverage, pharmaceutical, and biotechnology sectors. The firm was awarded 1,290 kW of low-cost Niagara hydropower to support its more than $12 million expansion that includes the construction of a new 80,000 square-foot facility in Sanborn in Niagara County and associated machinery and equipment purchases. The facility will feature five separate freezer storage areas totaling 32,000 square feet, and four separate coolers providing 16,000 square feet of climate-controlled space. Additionally, the firm will allot 12,000 square feet for dry storage. As a result of the project, Polaris will create 16 jobs.

    Saint-Gobain, a producer of high-performance materials and products, was awarded a 2,060-kW hydropower allocation to support a $40 million project at its Niagara Falls site. The firm will construct a new 125,000 square-foot manufacturing facility to expand its manufacturing capabilities for producing catalyst carriers—materials to which catalysts that speed up chemical reactions are affixed—and ceramic media products, which are used for grinding and polishing of hard metal workpieces such as steel. To outfit the new facility, Saint-Gobain will purchase associated machinery and equipment. The project will lead to the creation of 30 new jobs.

    Deckorators, an American designer and producer of decking materials and accessories, is expanding its operations through the acquisition and renovation of its first Northeast facility in Lackawanna in Erie County. The firm will double its current production of its Surestone composite decking products resulting from its expansion into a 240,000 square-foot manufacturing space on the site. NYPA will support Deckorator’s more than $77 million project—that includes machinery and equipment purchases—with 2,080 kW of Niagara hydropower, supporting the creation of 50 jobs.

    Low-cost Niagara hydropower is available for eligible companies located within a 30-mile radius of the Power Authority’s Niagara Power Project and in Chautauqua County.

    NYPA Chairman and Western New York resident John R. Koelmel said, “The approval of these Niagara hydropower allocations for Western New York businesses underscores the Power Authority’s essential role in driving economic development in Western New York. The Niagara Power Project does more than produce electricity, it supports significant investments in our communities and creates meaningful job opportunities for local residents as evidenced by the more than 100 jobs supported through today’s announcement.”

    Western New York Power Proceeds

    At today’s meeting, the NYPA board also approved an $88,005 Western New York Power Proceeds funding award to Industrial Support Inc., a Buffalo-based firm that specializes in metal fabrication and stamping, electronic and manufacturing assembly, and contract packaging.

    The funding award will support the firm’s purchase of a new machine for its metal fabrication segment to enhance quality and precision, increase production speed and offer more complex designs. The expanded capabilities will support 27 jobs—four newly created.

    NYPA President and CEO Justin E. Driscoll said, “Supporting small businesses like Industrial Support Inc. is at the heart of NYPA’s mission to support New York’s clean energy economy. The funding award approved at today’s Power Authority Board of Trustees meeting will provide Industrial Support Inc. with the resources needed to enhance its production capabilities and create new jobs, underscoring our dedication to fostering economic growth at a local level.”

    The NYPA funding award is made possible through the Western New York Power Proceeds Fund, which is comprised of net earnings resulting from the sale of unused hydropower generated at the Power Authority’s Niagara Power Project and stems from power proceeds legislation signed into law in 2012.

    Empire State Development President, CEO & Commissioner Hope Knight said, “With Empire State Development and NYPA support, we are proud to see multiple projects moving forward. Governor Hochul’s focus on manufacturing is paying off, with new companies taking root and global companies choosing to expand in Western New York. We look forward to seeing each of the businesses grow the local workforce as they find success in the region.”

    State Senator April N. M. Baskin said, “An infusion of capital investment and more than 100 new jobs in our region is welcome news; I applaud the New York Power Authority for continuing to be a catalyst for positive change in our community, delivering funds and good paying jobs. In my district alone, we are seeing tangible results with the expansion of Deckorators in Lackawanna and funding for Buffalo-based Industrial Supports Inc.”

    Assemblymember Jonathan D. Rivera said, “By utilizing our region’s unique access to clean, renewable hydropower, we are attracting forward-looking companies like Deckorators to invest, expand, and build right here in our communities. This significant investment in my district and in Lackawanna not only brings new life to a historic industrial site, but also positions Erie County as a hub for advanced manufacturing and sustainable products. I thank NYPA for its continued commitment to unlocking Western New York’s economic potential as its economic development program continues to be a powerful driver of growth and job creation throughout our corner of the state.”

    About NYPA

    NYPA is the largest state public power organization in the nation, operating 17 generating facilities and more than 1,550 circuit-miles of transmission lines. More than 80 percent of the electricity NYPA produces is clean renewable hydropower. NYPA finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. For more information visit www.nypa.gov and follow us on X, Facebook, Instagram and LinkedIn.

    MIL OSI USA News –

    May 21, 2025
←Previous Page
1 … 541 542 543 544 545 … 1,544
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress