NewzIntel.com

Category: Economy

  • MIL-OSI Europe: Karl Nehammer appointed new Vice-President of the European Investment Bank

    Source: European Investment Bank

    Nidetzky

    • Former Chancellor of Austria will join the EIB Management Committee.
    • Vice-President Nehammer will start on 1 September, succeeding Swedish Vice-President Thomas Ostros.

    The European Investment Bank (EIB) is pleased to announce the appointment of Karl Nehammer as a new Vice-President and Member of its Management Committee, following a decision by the 27 EU Finance Ministers, representing the EIB’s shareholders, the EU Member States.

    Mr. Nehammer, an Austrian national, has been nominated by Austria and is set to take up his duties on 1 September 2025, succeeding current Vice-President Thomas Östros.

    Karl Nehammer joins the EIB with a wealth of experience from his distinguished career in Austrian politics. He served as the Federal Chancellor of Austria from 2021 to 2025. Prior to this, he was Minister of the Interior from 2020 to 2021, and he was a member of the National Council from 2017 to 2020 as well as Secretary-General of the People’s Party.

    EIB Group President Nadia Calviño welcomed the appointment, stating, “I am pleased to welcome Karl Nehammer to the EIB Management Committee. His profound experience in European politics will be an important asset for our Group and for delivering on key EU policy goals.”

    Upon his appointment, Karl Nehammer remarked, “I am thrilled to join the European Investment Bank, an institution vital to the economic well-being and strategic autonomy of the European Union. The EIB plays a key role in backing priority investment across Europe and worldwide, and I look forward to working with President Calviño, my fellow Management Committee members, EIB Group staff and stakeholders to advance the Bank’s critical mission”.

    The EIB Group has operated in Austria since 1973 and since then the EIB  has provided more than EUR 34 billion for public and private investment across the country. The last Austrian Vice-President of the EIB was Wilhelm Molterer who served from 2011 to 2015.

    Background information  

    The EIB’s Management Committee is the Bank’s permanent collegiate executive body, composed of a President and eight Vice-Presidents. Its members are appointed by the EIB’s Board of Governors, which consists of the economy and finance ministers of the 28 EU Member States.

    The Committee collectively oversees the day-to-day running of the EIB and is responsible for preparing and ensuring the implementation of the Board of Directors’ decisions, particularly concerning borrowing and lending operations.

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. 

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.   

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.   

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers.Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average. 

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News –

  • MIL-OSI Security: U.S. commences civil action to forfeit $7.1 million in cryptocurrency tied to oil and gas storage fraud scheme

    Source: Office of United States Attorneys

    Seattle – The U.S. Attorney’s Office, Western District of Washington today filed a civil action seeking the forfeiture of cryptocurrency valued at approximately $7.1 million seized in the investigation of an oil and gas related investment fraud scheme, announced Acting U.S. Attorney Teal Luthy Miller. The funds, part of some $97 million taken in by the coconspirators between June 2022 and July 2024, was seized by Homeland Security Investigations in December 2024.

    “The co-schemers in this fraud moved their ill-gotten gain through various cryptocurrency accounts to try to launder the money stolen from victims,” said Acting U.S. Attorney Miller. “Federal investigators and prosecutors in our office moved as quickly as possible to trace and seize the cryptocurrency so that some of the losses can be returned to victims.”

    According to the forfeiture filing and other records in the case, from at least August 2022 through August 2024, the co-schemers convinced victims to send money to what was represented as escrow accounts to purchase oil tank storage in either Rotterdam, Netherlands, or Houston. The schemers indicated that the investors could make significant profits by renting the oil tank storage they obtained to others. The victims sent money to accounts linked to these entities: Sea Forest International LLC; Apex Oil and Gas Trading LLC; Navigator Energy Logistics LLC; Terminal Energy International Escrow Service LLC; Energo Horizons Logistics (EA) LLC; Legacy Energy Logistics Transport Group LLC; Green Tree Gateway LLC. However once victims sent their money, they were not sent any further information on their investment and co-schemers simply stopped responding.

    Newcastle, Washington resident Geoffrey K. Auyeung, 47, was indicted in August 2024 as the coconspirator in the U.S. who is charged with receiving much of the fraud proceeds generated by the fraud scheme. The money was quickly moved to one or more of at least 81 different accounts at financial institutions, moved offshore, or moved to one or more of at least 19 different cryptocurrency accounts, where it was used for the purchase of cryptocurrencies, including Bitcoin, Tether, USD Coin, and Ethereum. Much of the cryptocurrency was further transferred to accounts at the cryptocurrency exchange Binance.

    According to the forfeiture filing, the cryptocurrency accounts that were seized were linked to individuals in Russia and Nigeria. Some of the cryptocurrency purchased with victims’ funds was also sent to cryptocurrency exchanges in Russia and Nigeria, at least one of which is alleged to have facilitated money laundering for transnational criminal organizations – including terrorist organizations and organizations that violate international trade sanctions.

    At the time of Auyeung’s arrest and indictment, some $2.3 million was seized from his bank accounts. The $7.1 million in cryptocurrency the government is seeking to forfeit is in addition to the $2.3 million.

    Should the court approve the forfeiture the money will be distributed to victims in the case. Currently. Investigators have identified dozens of victims who were defrauded out of approximately $17.9 million. Investigators believe those numbers will continue to grow as more victims are identified and verified.

    The case is being investigated by HSI.

    The case is being prosecuted by Assistant United States Attorneys Jehiel Baer and Yunah Chung.

    MIL Security OSI –

  • MIL-OSI Security: Amherst Businessman Sentenced for COVID Fraud

    Source: US FBI

    BUFFALO, N.Y. – U.S. Attorney Michael DiGiacomo announced today Hormoz Mansouri, 71, of Amherst, NY, who was convicted of conspiracy to commit wire fraud and bank fraud, and bank fraud, was sentenced to time served and five years’ supervised release, to include one year of home detention. He was also ordered to pay restitution totaling $3,197,562 and to forfeit $1,888,603.

    Assistant U.S. Attorney Paul E. Bonanno, who handled the case, stated that Mansouri filed fraudulent loan applications under both the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program.  The loans available for these programs were designed to provide emergency financial assistance pursuant to the Coronavirus Aid, Relief, and Economic Security (CARES Act). Mansouri controlled the following business entities which applied for loans:

    • HLM Holding LLC,
    • El Team Inc.,
    • NPTS Inc.,
    • 2060 Sheridan Drive LLC,
    • 212 Holden Avenue LLC,
    • 350 Old Niagara Falls Boulevard LLC,
    • 47 East Amherst LLC, and
    • 3600 Harlem Road LLC.

    The PPP loans that the Mansouri-controlled entities obtained, either inflated or completely fabricated the average monthly payroll and six of the eight entities had no actual employees or payroll expenses at all. The total amount of money received from the fraudulent PPP loans totaled approximately $3,000,000. The Mansouri controlled entities also received approximately $450,600 in Economic Injury Disaster Loans (EIDL). These loan applications falsely represented revenues and cost of goods sold. On May 28, 2021, the United States Attorney’s Office seized approximately $1,923,603 of the fraudulently obtained money.

    Mansouri also moved the fraudulent PPP and EIDL funds between various bank accounts; commingling the proceeds with legitimate business revenues; and funding certain accounts, including a campaign account (in the name of “Mansouri for County Comptroller”). 

    The sentencing is the result of an investigation by the Federal Bureau of Investigation, under the direction of Acting Special Agent-in-Charge Mark Grimm, and the Internal Revenue Service, Criminal Investigation Division, under the direction of Special Agent-in-Charge Harry Chavis.

    # # # #

     

     

    MIL Security OSI –

  • MIL-OSI USA: Sullivan & Colleagues Seek to Reauthorize Young Fishermen’s Development Program

    US Senate News:

    Source: United States Senator for Alaska Dan Sullivan
    07.22.25
    WASHINGTON—U.S. Senators Dan Sullivan and Lisa Murkowski (both R-Alaska), Ed Markey (D-Mass.), and Roger Wicker (R-Miss.) have introduced bipartisan legislation reauthorizing the Young Fishermen’s Development Act, first signed into law by President Trump in 2021, to continue to mitigate the challenges and hurdles facing the next generation of entrants into the fishing industry. The legislation would authorize $2 million annually through FY 2031 to support regional training opportunities and apprenticeship programs for individuals building their early careers in the fishing industry.
    “Over the last four years, the Young Fishermen’s Development Program has helped reduce the high barriers and costs that too often prevent prospective fishermen from filling the ranks of the fishing sector,” said Senator Sullivan. “We want to ensure the next generation of fishermen can continue utilizing these grants, training opportunities, and apprenticeship programs that will bolster our fishing fleet and maintain Alaska’s status as the global superpower of seafood. I urge my colleagues to join us in reauthorizing this important program that is focused on reversing the ‘greying’ of the fleet, supporting our many coastal communities, and empowering our fishermen to continue sustainably harvesting our world-class seafood.”
    “Fishing is a cornerstone of the Massachusetts economy, and a vital economic driver for the nation, but there are far too many barriers preventing young people from joining the industry,” said Senator Markey. “With this legislation, we are reaffirming our commitment to the next generation of fishermen by working to build their ability to push off the dock into fulfilling careers at sea. I thank my colleagues for their partnership on this bill and will continue to fight for this important program and our fishing communities.”
    “This legislation provides our next generation of fishermen with the resources they need to be successful, and keep Wild Alaska Seafood on tables around the country,” said Senator Murkowski. “The Young Fishermen’s Development Act equipped our next generation of fishermen with important education, hands-on training, and financial resources. I thank Senator Sullivan for his advocacy on this issue, and look forward working alongside him to reauthorize the YFDA and ensure these benefits continue to be realized by young Alaskans.”
    “The fishing industry is crucial to the economic success of coastal Mississippi,” said Senator Wicker. “The Young Fishermen’s Development Act encourages future generations of anglers to take advantage of opportunities to perfect their skills. Fishermen of all ages should have the resources to be successful.”
    “The Fishing Communities Coalition and our members from across the country are deeply grateful to Senator Sullivan and the bipartisan, multi-coastal, bicameral cosponsors of this legislation for their commitment to the continued success of the Young Fishermen’s Development Program,” said Noah Oppenheim, coordinator of the Fishing Communities Coalition. “The nation’s community-based commercial fisheries have benefitted from this small but mighty program through enhanced workforce development and safety training opportunities. The reauthorization of this program will support hundreds of additional early-career fishermen as they begin working in America’s oldest profession. Five years ago President Trump signed the original Young Fishermen’s Development Act into law, and we look forward to supporting this bill as it advances through Congress and lands on his desk once again.”
    “Commercial fishing is an inherently dangerous way of life, with the challenges only increasing as our oceans warm and storms intensify,” said Linda Behnken, executive director of the Alaska Longline Fishermen’s Association. “To be successful, young fishermen need a host of skills. Senator Sullivan’s support for the YFDA funds that skill building, providing the boost our young bloods need to succeed.”
    “This program has support from across the political spectrum because it’s about investing in American jobs and food security,” said Michelle Stratton, executive director of FCC founding member Alaska Marine Conservation Council. “Senator Sullivan and Senator Murkowski’s strong support for the YFDA five years ago recognized the importance of our domestic fishing fleet. Their support today is a reaffirmation of their commitment to ensuring future generations of harvesters and fishing communities can thrive for generations to come.”
    The fishing industry employs more individuals than any other industry in Alaska. However, barriers such as high costs to enter a fishery, financial risk, and limited entry-level opportunities make it difficult for young men and women to gain access to the fishing industry.
    Senator Sullivan’s legislation would:
    Provide training, education, outreach, and technical assistance initiatives for young fishermen entering the industry.
    Authorize competitive grants to support new and established local and regional training, education, outreach, and technical assistance initiatives for young fishermen, including programs, workshops, and fishing related services.
    Authorize $2 million annually for program funding.
    Congressman Nick Begich (R-Alaska) has led the introduction of companion legislation in the House.

    MIL OSI USA News –

  • MIL-OSI USA: Sullivan & Colleagues Seek to Reauthorize Young Fishermen’s Development Program

    US Senate News:

    Source: United States Senator for Alaska Dan Sullivan

    07.22.25

    WASHINGTON—U.S. Senators Dan Sullivan and Lisa Murkowski (both R-Alaska), Ed Markey (D-Mass.), and Roger Wicker (R-Miss.) have introduced bipartisan legislation reauthorizing the Young Fishermen’s Development Act, first signed into law by President Trump in 2021, to continue to mitigate the challenges and hurdles facing the next generation of entrants into the fishing industry. The legislation would authorize $2 million annually through FY 2031 to support regional training opportunities and apprenticeship programs for individuals building their early careers in the fishing industry.

    “Over the last four years, the Young Fishermen’s Development Program has helped reduce the high barriers and costs that too often prevent prospective fishermen from filling the ranks of the fishing sector,” said Senator Sullivan. “We want to ensure the next generation of fishermen can continue utilizing these grants, training opportunities, and apprenticeship programs that will bolster our fishing fleet and maintain Alaska’s status as the global superpower of seafood. I urge my colleagues to join us in reauthorizing this important program that is focused on reversing the ‘greying’ of the fleet, supporting our many coastal communities, and empowering our fishermen to continue sustainably harvesting our world-class seafood.”

    “Fishing is a cornerstone of the Massachusetts economy, and a vital economic driver for the nation, but there are far too many barriers preventing young people from joining the industry,” said Senator Markey. “With this legislation, we are reaffirming our commitment to the next generation of fishermen by working to build their ability to push off the dock into fulfilling careers at sea. I thank my colleagues for their partnership on this bill and will continue to fight for this important program and our fishing communities.”

    “This legislation provides our next generation of fishermen with the resources they need to be successful, and keep Wild Alaska Seafood on tables around the country,” said Senator Murkowski. “The Young Fishermen’s Development Act equipped our next generation of fishermen with important education, hands-on training, and financial resources. I thank Senator Sullivan for his advocacy on this issue, and look forward working alongside him to reauthorize the YFDA and ensure these benefits continue to be realized by young Alaskans.”

    “The fishing industry is crucial to the economic success of coastal Mississippi,” said Senator Wicker. “The Young Fishermen’s Development Act encourages future generations of anglers to take advantage of opportunities to perfect their skills. Fishermen of all ages should have the resources to be successful.”

    “The Fishing Communities Coalition and our members from across the country are deeply grateful to Senator Sullivan and the bipartisan, multi-coastal, bicameral cosponsors of this legislation for their commitment to the continued success of the Young Fishermen’s Development Program,” said Noah Oppenheim, coordinator of the Fishing Communities Coalition. “The nation’s community-based commercial fisheries have benefitted from this small but mighty program through enhanced workforce development and safety training opportunities. The reauthorization of this program will support hundreds of additional early-career fishermen as they begin working in America’s oldest profession. Five years ago President Trump signed the original Young Fishermen’s Development Act into law, and we look forward to supporting this bill as it advances through Congress and lands on his desk once again.”

    “Commercial fishing is an inherently dangerous way of life, with the challenges only increasing as our oceans warm and storms intensify,” said Linda Behnken, executive director of the Alaska Longline Fishermen’s Association. “To be successful, young fishermen need a host of skills. Senator Sullivan’s support for the YFDA funds that skill building, providing the boost our young bloods need to succeed.”

    “This program has support from across the political spectrum because it’s about investing in American jobs and food security,” said Michelle Stratton, executive director of FCC founding member Alaska Marine Conservation Council. “Senator Sullivan and Senator Murkowski’s strong support for the YFDA five years ago recognized the importance of our domestic fishing fleet. Their support today is a reaffirmation of their commitment to ensuring future generations of harvesters and fishing communities can thrive for generations to come.”

    The fishing industry employs more individuals than any other industry in Alaska. However, barriers such as high costs to enter a fishery, financial risk, and limited entry-level opportunities make it difficult for young men and women to gain access to the fishing industry.

    Senator Sullivan’s legislation would:

    • Provide training, education, outreach, and technical assistance initiatives for young fishermen entering the industry.
    • Authorize competitive grants to support new and established local and regional training, education, outreach, and technical assistance initiatives for young fishermen, including programs, workshops, and fishing related services.
    • Authorize $2 million annually for program funding.

    Congressman Nick Begich (R-Alaska) has led the introduction of companion legislation in the House.

    MIL OSI USA News –

  • MIL-OSI USA: Sullivan & Colleagues Seek to Reauthorize Young Fishermen’s Development Program

    US Senate News:

    Source: United States Senator for Alaska Dan Sullivan

    07.22.25

    WASHINGTON—U.S. Senators Dan Sullivan and Lisa Murkowski (both R-Alaska), Ed Markey (D-Mass.), and Roger Wicker (R-Miss.) have introduced bipartisan legislation reauthorizing the Young Fishermen’s Development Act, first signed into law by President Trump in 2021, to continue to mitigate the challenges and hurdles facing the next generation of entrants into the fishing industry. The legislation would authorize $2 million annually through FY 2031 to support regional training opportunities and apprenticeship programs for individuals building their early careers in the fishing industry.

    “Over the last four years, the Young Fishermen’s Development Program has helped reduce the high barriers and costs that too often prevent prospective fishermen from filling the ranks of the fishing sector,” said Senator Sullivan. “We want to ensure the next generation of fishermen can continue utilizing these grants, training opportunities, and apprenticeship programs that will bolster our fishing fleet and maintain Alaska’s status as the global superpower of seafood. I urge my colleagues to join us in reauthorizing this important program that is focused on reversing the ‘greying’ of the fleet, supporting our many coastal communities, and empowering our fishermen to continue sustainably harvesting our world-class seafood.”

    “Fishing is a cornerstone of the Massachusetts economy, and a vital economic driver for the nation, but there are far too many barriers preventing young people from joining the industry,” said Senator Markey. “With this legislation, we are reaffirming our commitment to the next generation of fishermen by working to build their ability to push off the dock into fulfilling careers at sea. I thank my colleagues for their partnership on this bill and will continue to fight for this important program and our fishing communities.”

    “This legislation provides our next generation of fishermen with the resources they need to be successful, and keep Wild Alaska Seafood on tables around the country,” said Senator Murkowski. “The Young Fishermen’s Development Act equipped our next generation of fishermen with important education, hands-on training, and financial resources. I thank Senator Sullivan for his advocacy on this issue, and look forward working alongside him to reauthorize the YFDA and ensure these benefits continue to be realized by young Alaskans.”

    “The fishing industry is crucial to the economic success of coastal Mississippi,” said Senator Wicker. “The Young Fishermen’s Development Act encourages future generations of anglers to take advantage of opportunities to perfect their skills. Fishermen of all ages should have the resources to be successful.”

    “The Fishing Communities Coalition and our members from across the country are deeply grateful to Senator Sullivan and the bipartisan, multi-coastal, bicameral cosponsors of this legislation for their commitment to the continued success of the Young Fishermen’s Development Program,” said Noah Oppenheim, coordinator of the Fishing Communities Coalition. “The nation’s community-based commercial fisheries have benefitted from this small but mighty program through enhanced workforce development and safety training opportunities. The reauthorization of this program will support hundreds of additional early-career fishermen as they begin working in America’s oldest profession. Five years ago President Trump signed the original Young Fishermen’s Development Act into law, and we look forward to supporting this bill as it advances through Congress and lands on his desk once again.”

    “Commercial fishing is an inherently dangerous way of life, with the challenges only increasing as our oceans warm and storms intensify,” said Linda Behnken, executive director of the Alaska Longline Fishermen’s Association. “To be successful, young fishermen need a host of skills. Senator Sullivan’s support for the YFDA funds that skill building, providing the boost our young bloods need to succeed.”

    “This program has support from across the political spectrum because it’s about investing in American jobs and food security,” said Michelle Stratton, executive director of FCC founding member Alaska Marine Conservation Council. “Senator Sullivan and Senator Murkowski’s strong support for the YFDA five years ago recognized the importance of our domestic fishing fleet. Their support today is a reaffirmation of their commitment to ensuring future generations of harvesters and fishing communities can thrive for generations to come.”

    The fishing industry employs more individuals than any other industry in Alaska. However, barriers such as high costs to enter a fishery, financial risk, and limited entry-level opportunities make it difficult for young men and women to gain access to the fishing industry.

    Senator Sullivan’s legislation would:

    • Provide training, education, outreach, and technical assistance initiatives for young fishermen entering the industry.
    • Authorize competitive grants to support new and established local and regional training, education, outreach, and technical assistance initiatives for young fishermen, including programs, workshops, and fishing related services.
    • Authorize $2 million annually for program funding.

    Congressman Nick Begich (R-Alaska) has led the introduction of companion legislation in the House.

    MIL OSI USA News –

  • MIL-OSI USA: Hawley, Blumenthal Unveil Bipartisan Bill Empowering Working Americans to Sue Big Tech, AI Companies for Stealing Creative Works

    US Senate News:

    Source: United States Senator Josh Hawley (R-Mo)

    Monday, July 21, 2025

    Today, U.S. Senators Josh Hawley (R-Mo.) and Richard Blumenthal (D-Conn.) introduced bipartisan legislation to protect consumers’ data rights and hold Big Tech companies accountable for illegally pirating creators’ copyrighted works to train their artificial intelligence (AI) models.

    Senator Hawley’s legislation follows his recent Senate Judiciary Subcommittee hearing where he sounded the alarm on AI companies’ willful engagement in “the largest intellectual property theft in American history.”

    “AI companies are robbing the American people blind while leaving artists, writers, and other creators with zero recourse. It’s time for Congress to give the American worker their day in court to protect their personal data and creative works. My bipartisan legislation would finally empower working Americans who now find their livelihoods in the crosshairs of Big Tech’s lawlessness,” said Senator Hawley.

    “This bill embodies a bipartisan consensus that AI safeguards are urgent—because the technology is moving at accelerating speed, and so are dangers to privacy. Enforceable rules can put consumers back in control of their data, and help bar abuses. Tech companies must be held accountable—and liable legally—when they breach consumer privacy, collecting, monetizing or sharing personal information without express consent. Consumers must be given rights and remedies—and legal tools to make them real—not relying on government enforcement alone,” Senator Blumenthal said.

    Senators Hawley and Blumenthal have previously teamed up to put power back in the hands of users when it comes to Big Tech. Last Congress, they introduced a bipartisan framework to implement guardrails for AI that would protect consumers.

    The AI Accountability and Personal Data Protection Act will: 

    • Bar AI companies from stealing and training on copyright works. The bill safeguards individuals’ copyrighted materials from being used in AI training or AI-generated content without permission. 
    • Create a federal tort for data misuse. The legislation allows individuals to sue any person or company that appropriates, uses, sells, or exploits their personal data or copyrighted works without clear, affirmative consent. 
    • Provide transparency for creators. The bill requires companies to clearly disclose every third party that will access an individual’s data at the time consent is sought. 
    • Ensure robust remedies. The legislation provides for stiff financial penalties, injunctive relief, and protects the ability of individuals to sue in court and join class actions. 

    Read the full bill text here.

    MIL OSI USA News –

  • MIL-OSI USA: Lummis Releases Discussion Draft for Comprehensive Digital Asset Market Structure Legislation

    US Senate News:

    Source: United States Senator for Wyoming Cynthia Lummis

    Washington, D.C. –  U.S. Senator Cynthia Lummis (R-WY) joined Senate Banking Committee Chairman Tim Scott (R-SC) and U.S. Senators Bernie Moreno (R-OH) and Bill Hagerty (R-TN) in releasing a discussion draft of the Banking Committee provisions of comprehensive digital asset market structure legislation, building on principles developed in collaboration with Chairman Scott to establish a clear regulatory framework for the digital asset industry.

    “The time for regulatory uncertainty in the digital asset space has come to an end,” said Lummis. “This discussion draft represents a thoughtful, balanced approach that will provide the clarity our innovators need while providing robust consumer protections. We cannot allow regulatory confusion to continue driving American innovation overseas. Market structure legislation will establish clear distinctions between digital asset securities and commodities, modernize our regulatory framework, and position the United States as the global leader in digital asset innovation.”

    The discussion draft incorporates key principles designed to:

    • Establish Clear Legal Definitions: Create statutory distinctions between digital asset securities and commodities, providing regulatory certainty and predictability for market participants
    • Allocate Regulatory Authority: Clearly delineates jurisdiction between Federal agencies, ensuring appropriate oversight without regulatory overlap or gaps
    • Modernize Federal Law: Updates securities regulations to account for the unique characteristics of digital assets and distributed ledger technology
    • Protect Consumers and Market Participants: Implements appropriate registration and risk management requirements for centralized digital asset intermediaries while preserving self-custody rights
    • Target Illicit Finance Measures: Include focused provisions to prevent money laundering and sanctions evasion while supporting innovation
    • Foster Responsible Innovation: Encourage federal regulators to provide clear guidance and utilize tools like no-action letters and regulatory sandboxes

    The discussion draft recognizes the different risk profiles of centralized firms versus decentralized protocols and acknowledges that distributed ledger technology extends beyond financial applications. It also emphasizes that tokenization represents an evolution of financial infrastructure that enhances efficiency and transparency.

    Senator Lummis and Chairman Scott are issuing a Request for Information (RFI) for stakeholders to submit feedback on the draft and on a wide range of questions. To participate in the RFI, please submit your feedback to MarketStructure_RFI@banking.senate.gov. 

    A copy of the discussion draft can be found here.

    MIL OSI USA News –

  • MIL-OSI Security: Illinois Man Sentenced to 97 Months in Prison for Trying to Arrange Florida Murder

    Source: Office of United States Attorneys

    CAPE GIRARDEAU – U.S. District Sarah E. Pitlyk on Tuesday sentenced an Illinois man to 97 months in prison for trying to have a business associate in Florida murdered.

    At an initial meeting in Missouri in January of 2024, Ben Patrick Mullavey asked a former employee to kill Mullavey’s business partner in Florida. That employee contacted authorities. In subsequent conversations, many of which were recorded by the FBI, Mullavey told the employee that he had been planning the murder for months and had conducted surveillance of the victim and had stolen a Florida license plate. Mullavey suggested the best time and place to commit the murder, how to avoid being identified on surveillance cameras and several ways of disposing of the victim’s body.

    On Jan. 13, 2024, the employee left Mullavey’s home with orders to kill the victim, a crossbow, arrows, the stolen Florida license plate, handwritten directions to a restaurant located next door to the victim’s business and $2,100 in cash.

    In a victim impact letter, Mullavey’s target said that since being informed that he was the target of a murder-for-hire scheme, he has lived in a “state of constant fear.” Forced to abandon his business out of concern over the risk of being in a public place every day, he also lost his financial security, his apartment and everything inside it. “This is not just something that happened once. It is something that will affect me every day for the rest of my life,” he wrote.

    Mullavey, 66, of Mechanicsburg, in Sangamon County, pleaded guilty in April in U.S. District Court in Cape Girardeau to one felony count of use of interstate commerce facilities in the commission of attempted murder-for-hire.

    The FBI investigated the case. Assistant U.S. Attorney Christopher Shelton prosecuted the case. 

    MIL Security OSI –

  • MIL-OSI Security: Illinois Man Sentenced to 97 Months in Prison for Trying to Arrange Florida Murder

    Source: Office of United States Attorneys

    CAPE GIRARDEAU – U.S. District Sarah E. Pitlyk on Tuesday sentenced an Illinois man to 97 months in prison for trying to have a business associate in Florida murdered.

    At an initial meeting in Missouri in January of 2024, Ben Patrick Mullavey asked a former employee to kill Mullavey’s business partner in Florida. That employee contacted authorities. In subsequent conversations, many of which were recorded by the FBI, Mullavey told the employee that he had been planning the murder for months and had conducted surveillance of the victim and had stolen a Florida license plate. Mullavey suggested the best time and place to commit the murder, how to avoid being identified on surveillance cameras and several ways of disposing of the victim’s body.

    On Jan. 13, 2024, the employee left Mullavey’s home with orders to kill the victim, a crossbow, arrows, the stolen Florida license plate, handwritten directions to a restaurant located next door to the victim’s business and $2,100 in cash.

    In a victim impact letter, Mullavey’s target said that since being informed that he was the target of a murder-for-hire scheme, he has lived in a “state of constant fear.” Forced to abandon his business out of concern over the risk of being in a public place every day, he also lost his financial security, his apartment and everything inside it. “This is not just something that happened once. It is something that will affect me every day for the rest of my life,” he wrote.

    Mullavey, 66, of Mechanicsburg, in Sangamon County, pleaded guilty in April in U.S. District Court in Cape Girardeau to one felony count of use of interstate commerce facilities in the commission of attempted murder-for-hire.

    The FBI investigated the case. Assistant U.S. Attorney Christopher Shelton prosecuted the case. 

    MIL Security OSI –

  • MIL-OSI Security: United States Reaches $501,556 Civil Settlement Resolving Allegations of False Claims to Federal Health Care Programs

    Source: Office of United States Attorneys

    ST. LOUIS – Acting U.S. Attorney Matthew T. Drake on Tuesday announced that the U.S. Attorney’s Office for the Eastern District of Missouri and a Missouri psychiatrist have reached a $501,556 civil settlement that will resolve False Claims Act (FCA) allegations.

    The settlement resolves allegations that from Jan. 1, 2019, through May 31, 2024, Dr. Mohd Azfar Malik falsely indicated to both Medicare and Missouri Medicaid that he provided face-to-face psychotherapy to patients, including by submitting false claims for payment when he was out of town and for services that were provided by other practitioners.  Dr. Malik was part-owner of Behavioral Health Services, LLC which owned and operated Psych Care Consultants in St. Louis, Missouri.

    The settlement consists of $250,778 in restitution, which is doubled under the FCA. 

    The civil settlement contains no admission of liability. In April of 2025, Dr. Malik pleaded guilty to making false statement in federal health care related matters and admitted submitting claims for payment to Medicare, Medicaid and private health insurers in which he falsely claimed to have performed in-person services when he was out of Missouri or out of the country. He is scheduled to be sentenced on August 11.

    “Holding health care professionals accountable for submitting false claims for financial gain is crucial for maintaining public trust and ensuring that critical resources are appropriately utilized,” said Linda T. Hanley, Special Agent in Charge with the United States Department of Health and Human Services Office of Inspector General (HHS-OIG).  “HHS-OIG, the U.S. Attorney’s Office, and our law enforcement partners will continue to collaborate our efforts to protect the integrity of the Medicare and Medicaid programs.”

    This civil settlement was a result of the combined work of the U.S. Attorney’s Office for the Eastern District of Missouri, HHS/OIG Office of Investigations, the Missouri Attorney General’s Medicaid Fraud Control Unit, and the Federal Bureau of Investigation.  

    MIL Security OSI –

  • MIL-OSI USA: King Cosponsors Bill to Prohibit Sharing of Personal Data of DACA Program Applicants with Immigration Officials

    US Senate News:

    Source: United States Senator for Maine Angus King

    WASHINGTON — U.S. Senator Angus King (I-ME) has joined legislation to prohibit the sharing of sensitive personal data, like taxpayer and health information, with Immigration and Customs Enforcement (ICE). The Protect DREAMer Confidentiality Act would provide a statutory guarantee to current and prospective Deferred Action for Childhood Arrivals (DACA) program applicants, also known as Dreamers, that the private information they provide in their applications will not be used against them. This comes as the Trump Administration increases information sharing to advance its mass deportation agenda.

    The Protect DREAMer Confidentiality Act will prohibit the DHS Secretary from disclosing information included in an individual’s application for the DACA program to law enforcement agencies, including ICE and U.S. Customs and Border Protection (CBP), for any purpose other than the implementation of the DACA program, with limited exceptions.

    “Dreamers are productive, established members of our community woven into the fabric of our lives; neighbors and friends that go to school, work at the local store, and contribute honestly to American society no matter the passport they hold,” Senator King said. “The Protect DREAMer Confidentiality Act would allow thousands of law-abiding Dreamers to continue living their lives and making contributions to society without fear of their personal information being misused by those enforcing the administration’s misguided deportation agenda.”

    Since 2012, more than 825,000 people have received deferred action pursuant to DACA, contributing an estimated $140 billion to the U.S. economy in spending power and paying $40 billion in combined federal, payroll, state, and local taxes. In 2021, a federal district court judge paused the DACA program and prevented USCIS from approving any new DACA applications. In March 2025, however, a Fifth Circuit decision giving United States Citizenship and Immigration Services (USCIS) the authority to start processing initial DACA applications from states other than Texas went into effect.

    Last month, the Trump Administration gave Department of Homeland Security (DHS) personal data, including immigration status, on millions of Medicaid enrollees and announced it would require some undocumented immigrants to register with DHS. The Administration also finalized an agreement giving U.S. Immigration and Customs Enforcement (ICE) access to taxpayer data from the Internal Revenue Service (IRS) for immigration enforcement. Meanwhile, the Administration’s Department of Government Efficiency (DOGE) recently gained access to key immigration databases, including the Executive Office for Immigration Review’s (EOIR) Courts and Appeals System (ECAS), U.S. Citizenship and Immigration Services’ (USCIS) Data Business Intelligence Services, which contains information on noncitizens who have applied for DACA, and the U.S. Department of Health and Human Services’ (HHS) Unaccompanied Alien Children portal.

    Specifically, the Protect DREAMer Confidentiality Act will:

    1. Direct the DHS Secretary to protect the information included in an individual’s application to the DACA program from disclosure to ICE, CBP, and any other law enforcement agency for any purpose other than the implementation of the DACA program;
    2. Prohibit the DHS Secretary from referring anyone with deferred enforcement protections pursuant to the DACA program to ICE, CBP, the Department of Justice (DOJ), and any other law enforcement agency; and
    3. Provide limited exceptions for when an individual’s application information may be shared with national security and law enforcement agencies, namely:
      1. To identify or prevent fraudulent claims;
      2. For particularized national security concerns; and
      3. For the investigation or prosecution of a felony, provided that the felony in question is not related to the applicant’s immigration status.

    In addition to King, this bill is cosponsored by Senators Martin Heinrich (D-NM), Brian Schatz (D-HI), John Fetterman (D-PA), Sheldon Whitehouse (D-RI), Ben Ray Lujan (D-NM), Patty Murray (D-WA), Mazie Hirono (D-HI), Catherine Cortez Masto (D-NV), Bernie Sanders (I-VT), Ed Markey (D-MA), Tammy Duckworth (D-IL), Jacky Rosen (D-NV), Michael Bennet (D-CO), Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), Ron Wyden (D-OR), Andy Kim (D-NJ), Richard Blumenthal (D-CT), Peter Welch (D-VT), Amy Klobuchar (D-MN.), Lisa Blunt Rochester (D-DE), Jack Reed (D-RI), Alex Padilla (D-CA) and Chris Murphy (D-CT).

    Senator King is a strong opponent of the Trump Administration’s continued efforts to repeal protections for DACA recipients. He has repeatedly sought a legislative solution to provide stability for DACA recipients. Most recently, he sent a letter to Acting Director of U.S. Citizenship and Immigration Services (USCIS) Angelica Alfonso-Royals, highlighting the popular support for providing Dreamers a pathway to citizenship and request that the Trump Administration comply with the recent Fifth Circuit Court of Appeals ruling to resume processing applications for DACA. Previously, Senator King joined a group of his Senate colleagues in a letter urging former Senate Majority Leader Mitch McConnell (R-KY) to immediately take up the bipartisan House-passed American Dream and Promise Act, which would establish a path to citizenship for Dreamers and immigrants with Temporary Protected Status (TPS) or Deferred Enforced Departure (DED). In addition, King led a bipartisan proposal with Senator Mike Rounds (R-SD) that would have provided legislative protections for Dreamers.

    A one-page summary of the bill is here.

    The text of the bill is here.

    MIL OSI USA News –

  • MIL-OSI USA: U.S. Rep. Castor Reintroduces Bipartisan Legislation to Finally Put Zombie Campaigns in the Grave

    Source: United States House of Representatives – Reprepsentative Kathy Castor (FL14)

    WASHINGTON, D.C. – Today, U.S. Reps. Kathy Castor (FL-14), Gus Bilirakis (FL-12) and Jamie Raskin (MD-08) reintroduced the bipartisan Honest Elections and Campaign, No Gain Act (HEC No), bipartisan legislation requiring former lawmakers and others no longer seeking office to close their campaign accounts within two years, instead of living on as zombie campaigns.

    “Campaign accounts should never be allowed to become personal slush funds for ex-lawmakers and former candidates to personally benefit from and enrich themselves, as has become all too common,” said Rep. Kathy Castor (FL-14). “Our bipartisan HEC No Act will finally put an end to the misuse of leftover campaign cash. This is a straightforward reform to build trust and ensure campaign contributions are used as intended — to support public service and serve the public interest, not private gain. It’s time Congress passed the HEC No Act to put Zombie Campaigns in the grave once and for all.”

    “Elected officials have a duty to uphold the public trust,” said Rep. Gus Bilirakis (FL-12). “Unfortunately, we’ve seen troubling cases where former members keep their campaign accounts open indefinitely and use the funds for personal benefit. While these actions may not technically violate the law, they clearly defy its spirit — and that’s unacceptable. It’s time to close this loophole and restore public confidence.”

    “As elected representatives of the people, members of Congress must preserve public trust, even after they leave office,” said Rep. Jamie Raskin (MD-08). “The Honest Elections and Campaign Act stops zombie campaigns, requiring former lawmakers and others no longer seeking office to close their campaign accounts within two years. I’m proud to lead this bipartisan legislation with Representatives Castor and Bilirakis.”

    “It’s wrong for former members of Congress to finance extravagant lifestyles with leftover campaign funds. It only serves to further erode the public’s faith in their elected officials. We applaud Rep. Castor for her bipartisan legislation to tackle this issue and commitment to fighting corruption and restoring trust in our system,” Tiffany Muller, President, End Citizens United // Let America Vote Action Fund.

    “Both parties should agree: campaign accounts weren’t meant to be retirement plans. It’s time to close the loophole that lets former candidates hang on to leftover campaign cash indefinitely, often using it to boost lobbying careers. Congress can take a commonsense step toward restoring public trust by passing this long-overdue reform.” – Issue One.

    “Campaign donors give money for the express purpose of helping promote the candidacy of a specific candidate. They are not handing over their generous donations to be used for other purposes by the candidate, such as funding a post-election lobby career or doling the funds out to other candidates in future elections. When a candidate decides not to run for federal office again, the campaign accounts should be properly closed. Public Citizen heartily endorses Rep. Castor’s ‘HEC No Act,’” said Craig Holman, Ph.D., Public Citizen.

    Supporters of HEC No include Campaign Legal Center, Common Cause, End Citizens United, Issue One, Let America Vote Action Fund and Public Citizen.

    For the past four sessions of Congress, U.S. Rep. Castor has introduced similar legislation after explosive reports by the Tampa Bay Times and WTSP Channel 10 detailing how several former members of Congress continued their campaign accounts years after their campaigns ended, using the funds to pay personal expenses and employ family members. New reporting, published last week, details the “lavish spending” of campaign dollars by a former lawmaker on music festivals, winery visits, ski trips, hotel stays, airfare, and more.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: SCS encourages Administrative Service summer interns

    Source: Hong Kong Government special administrative region – 4

         The Secretary for the Civil Service, Mrs Ingrid Yeung, met and shared experiences with over 50 tertiary students participating in the Administrative Service Summer Internship Programme today (July 22). She encouraged them to apply for civil service positions such as the Administrative Officer (AO) post, and to use their professional knowledge to serve the community, benefit people’s livelihood and contribute to the development of Hong Kong.
     
         This year, the Civil Service Bureau (CSB) has arranged for the interns to discuss and submit policy proposals in various areas including transport, planning and development, social enterprises, district affairs, the silver economy, etc, based on their observations and insights gained after working in different bureaux or departments. The CSB will submit these proposals to the bureaux or departments where the interns were assigned to for their reference.

         At the gathering, Mrs Yeung listened to the sharing by interns on both their work experiences and proposed policy initiatives during their internships. Drawing on her nearly 40 years of service in the civil service, she shared valuable insights as an AO and encouraged students to actively enrich themselves, plan ahead for their future and contribute to the development of the country and Hong Kong.
     
         She said, “I am aware that this round of the Programme has received a record number of applications, attracting more than 300 applications from tertiary students in Hong Kong, mainland China and overseas. From your sharing, I can genuinely feel your passion for public service. I would like to take this opportunity to call on young people who are dedicated to serve the community and willing to take on responsibilities to join the civil service.

         “I look forward to interns becoming AOs in the near future, serving the public and contributing to the country and Hong Kong with your own strengths and talents.”

         The Permanent Secretary for the Civil Service, Mr Clement Leung, and Deputy Secretary for the Civil Service Ms Eureka Cheung also joined the sharing session and spoke with interns to learn about their internship experiences and views on Hong Kong’s development.

         AOs are professional public administrators who play a pivotal role in the Government. They are responsible for assisting in the formulation of government policies, co-ordinating and supervising various initiatives, managing the use of public resources, promoting district work and publicising Hong Kong externally, etc. To enable AOs to accumulate experience and unleash their full potential in different public policy areas, they are posted to various bureaux and departments at regular intervals, broadening their horizons and gaining a fuller grasp of the challenges and opportunities in public administration.

         The CSB organises the Administrative Service Internship Programme every summer and winter, offering students who aspire to become AOs opportunities to work alongside serving AOs for around eight weeks to gain early practical experiences in public service and lay a solid foundation for their future career development. Statistics from the past five years show that around one in every five newly recruited AOs had participated in the Programme. 

         The Government will launch a new round of recruitment for the posts of Administrative Officer, Executive Officer II, Assistant Labour Officer II, Assistant Trade Officer II and Management Services Officer II in September this year. Prospective applicants must first take the Common Recruitment Examination (CRE) and the Basic Law and National Security Law Test to attain the requisite scores. The new round of the CRE is currently open for application. Interested candidates are required to apply online by August 1. For details, please refer to the CSB website (www.csb.gov.hk/english/index.html).

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hongkong Post updates on the information security incident

    Source: Hong Kong Government special administrative region – 4

    Hongkong Post announced today (July 22) on the investigation result so far of the information security incident identified on July 21. According to the investigation, the unauthorised party had cyberattacked the system by making countless attempts at the mid-night of July 20 and the following day to access and retrieve information through the address book function of EC-Ship system. Hongkong Post had activated the blocking mechanism immediately after the abnormal activities being detected by its system and disabled the operation of the EC-Ship account which was involved in the cyberattacks at once. During the above-mentioned blockage and interception of these cyberattacks, the concerned accounts’ address books information, including the senders’ and recipients’ person/company names, addresses, and/or phone numbers, fax numbers, and email addresses, was being accessed and retrieved.

    Hongkong Post has sent emails to inform all affected account holders today and reminded them to remain vigilant, and to immediately inform relevant persons of their address books about this incident and remind them to be vigilant. The Hong Kong Police Force (HKPF) has initiated investigation into the incident and Hongkong Post will fully cooperate with the HKPF in the investigation, and will closely monitor the situation of the involved information.

    Hongkong Post has been following established Government procedures on information and cybersecurity. The Digital Policy Office (DPO) is also in close communication with Hongkong Post on the incident, noting that it has taken immediate actions by promptly blocking the cyberattacks and enhancing the security measures of the system. The services concerned have resumed normal and account holders involved can continue to use the services.

    The spokesman for Hongkong Post said that the global cybersecurity landscape was evolving, with various forms of cyberattacks emerging continuously. Hongkong Post would actively seek advice from the DPO to continuously enhance the cyber resilience level and cybersecurity risk management, to safeguard the information security of users and to prevent similar incidents from happening again.

    Hongkong Post reiterates that it will not send embedded hyperlinks via emails, SMS messages or social media pages for collecting personal information or requesting for payment. Hongkong Post wishes to alert members of the public again to refrain from clicking on any embedded links or providing any personal or financial information such as credit card information, or making any payment to suspicious emails or SMS messages alleged to be sent by Hongkong Post. For enquiries, members of the public may call the Hongkong Post General Enquiry Hotline at 2921 2222.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Western Territory Staff Conference Highlights People, Power and Change

    Source: US GOIAM Union

    The IAM Western Territory joined together in a powerful show of solidarity, strategy, and celebration at the territory’s 2025 staff conference. Held under the theme, “People, Power, Change,” the conference brought IAM leadership, staff, and allies together to sharpen their organizing focus, reflect on recent victories, and recommit to building a stronger labor movement.

    Western Territory General Vice President Robert “Bobby” Martinez opened the conference with a message of unity and urgency, reminding attendees that organizing is the foundation of the IAM’s mission.

    “This conference isn’t just about celebrating what we’ve done—it’s about preparing for what’s next,” said Martinez. “The power to organize, to fight back, and to lift each other up lives in every one of us.”

    View photos from the Western Territory Staff Conference here.

    IAM International President Brian Bryant delivered a keynote address focused on transformation within the union. He spoke about returning organizing operations to IAM Headquarters to create a consistent, strategic, and coordinated approach across all territories.

    “Workers are looking for allies at a moment like this – and the IAM Union is going to be that ally,” said Bryant. “We must unite like never before to meet the moment and bring more workers into our union.”

    General Secretary-Treasurer Dora Cervantes addressed the IAM’s financial health and growing resources for members, while Resident General Vice President Jody Bennett spoke about the importance of supporting staff and ensuring they have the tools they need to win in today’s labor environment.

    The conference also included a heartfelt tribute to retired Western Territory General Vice President Gary R. Allen, who was honored for his remarkable 45 years of service to the IAM—including 15 years leading the Western Territory on the IAM Executive Council. His legacy of justice, compassion, and fierce dedication to working people was celebrated by all in attendance.

    Other speakers included:

    • Marshall Ganz, Harvard University Professor and Organizer
    • Randy Parraz, Organizing Institute for Democracy
    • Lorena Gonzalez, California Federation of Labor President
    • Carla Siegel, IAM General Counsel
    • Richard Evans, IAM Veterans Services Coordinator, and Bryan Stymacks, IAM Assistant Veterans Services Coordinator
    • Yvette Sheehan, Guide Dogs of America | Tender Loving Canines
    • Jon Holden, IAM District 751 President, and Shana Peschek, Machinists Institute
    • Galen Bullock, Employee Benefit Systems, Inc.

    The conference also featured a powerful question and answer session, facilitated by Western Territory International Representatives Richard Suarez and Melissa Morgan.

    The Western Territory gave out awards to recognize districts, locals, members and staff who have gone above and beyond to call of duty.

    • Top Organizing District: District 725
    • Organizer of the Year: Bob Simoni, Local SC 711
    • Joe Reilly IAM Veterans Remembrance Award: Local 1005 member Franklin Wilson Jr. for his work to support unhoused military veterans.
    • Gary R. Allen Heart of Justice Award – Local 695 President Richard Howard for his leadership supporting a wrongfully detained member.

    The  Western Territory also presented the Hawk Awards, which are nominated by peers and given in recognition of individuals who display exceptional leadership in servicing, organizing, community service and/or political activism.

    • Gary R. Allen, Retired General Vice President
    • Jeff Baird, District 725 Business Representative
    • Larry Bickett, District W24 Business Representative/Organizer
    • Brandon Bryant, District W24 President and Directing Business Representative
    • Zac Collins, District 160 Business Representative
    • Billy Corona, District 947 Business Representative/Organizer
    • Joelle Depue, Western Territory Special Representative
    • John Dyrcz, Local 794 Vice President
    • Jennifer Friesen, District 947 Business Representative/Organizer
    • Cindy Gagliardi, District 190 Business Representative
    • Bailey Hardiman-Borsos, Western Territory Associate Organizer
    • Jason Hardwick, Western Territory International Representative
    • Michael Higley, Local 568 Member
    • Jon Holden, District 751 President and Directing Business Representative
    • Richard Jackson, District 751 Secretary-Treasurer
    • Beth Lacey, District W24 Secretary-Treasurer
    • Scott Lacey, District W24 President
    • Justin Mauldin, District 725 Assistant Directing Business Representative
    • Pedro Mendez, District 190 Area Director
    • Ramon Martinez, Local 2515 President and Directing Business Representative
    • Brandon Nottingham, District 947 Business Representative/Organizer
    • Carla Pulido-Jordan, Local 1930 Recording Secretary
    • Joe Ruth, Local 751C Health and Benefits Representative
    • Cornelius Scott, Local 1125 Secretary-Treasurer
    • Bob Simoni, Local SC 711 Business Representative
    • Christian White, Local 2006 President
    • Doug White, Local 1998 Recording Secretary
    • Darrin Williamson, District 725 Business Representative
    • Steve Van Wie, Western Territory International Representative

    The post Western Territory Staff Conference Highlights People, Power and Change appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI: Loveland Living Planet Aquarium Unveils the Mountain America Event Center

    Source: GlobeNewswire (MIL-OSI)

    SANDY, Utah, July 22, 2025 (GLOBE NEWSWIRE) — Mountain America Credit Union is proud to announce its expanded partnership with the Loveland Living Planet Aquarium and celebrate the grand opening of the Mountain America Event Center—an elegant new venue located within the state-of-the-art Sam and Aline Skaggs Science Learning Center.

    A Media Snippet accompanying this announcement is available by clicking on this link.

    Officially unveiled today, the ballroom and pre-function space will serve as a premier destination for a variety of events. This partnership reflects a shared dedication to inspiring curiosity and fostering lifelong learning about the planet’s ecosystems, while also creating a dynamic space that brings the community together in meaningful ways.

    “We are delighted to expand our partnership with Loveland Living Planet Aquarium as the sponsor of the Mountain America Event Center,” said Sterling Nielsen, president and CEO of Mountain America Credit Union. “At Mountain America, supporting and strengthening our communities is central to our mission, and our longstanding relationship with the Aquarium is an important part of fulfilling that commitment.”

    The Mountain America Event Center is part of the Aquarium’s broader efforts to enhance STEM education and experiential learning. This partnership will enable college students to earn hands-on lab experience and college credit, making this the only place in Utah where students can do so in the field of marine biology.

    The Mountain America Event Center represents the Aquarium and Mountain America’s commitment to connecting people with the world around them. Designed with versatility and sophistication in mind, this venue offers flexible configurations for a wide range of private and corporate gatherings. The center provides a comprehensive suite of services, supporting small businesses, event professionals, and community organizations alike.

    “We’re incredibly grateful for our longtime partnership with Mountain America Credit Union, and we are proud to celebrate this next chapter together with the announcement of the Mountain America Event Center. The event center stands as a testament to their unwavering dedication to our community and to our vision for the future. This new space represents not only a shared commitment to education but is also a powerful investment in our community’s future,” says Robert Castellano, vice president of corporate partnerships.

    For more information about Mountain America Credit Union, visit macu.com.

    For more information about the Loveland Living Planet Aquarium and the Mountain America Event Center, visit livingplanetaquarium.org.

    About Mountain America Credit Union
    With more than 1 million members and $20 billion in assets, Mountain America Credit Union helps its members define and achieve their financial dreams. Mountain America provides consumers and businesses with a variety of convenient, flexible products and services, as well as sound, timely advice. Members enjoy access to secure cutting-edge mobile banking technology, over 100 branches across multistate region, and more than 50,000 surcharge-free ATMs. Mountain America—guiding you forward. Learn more at macu.com.

    About Loveland Living Planet Aquarium
    Loveland Living Planet Aquarium (LLPA) is a 501(c)(3) nonprofit organization that inspires people to explore, discover, and learn about Earth’s diverse ecosystems. A world-class facility, the Aquarium provides learning opportunities for all levels, interests, and ages. Since opening its new facility in Draper in March 2014, the Aquarium has welcomed over eight million guests and provided innumerable educational experiences to students. Home to almost 5,000 animals representing 600 plus species and an additional 600 plus plant species the Aquarium showcases ecosystems from around the planet including kelp forests, coral reefs, the deep ocean, Antarctic waters, Asian cloud forests, South American rain forests, and the waterways of our home state of Utah. Loveland Living Planet Aquarium is accredited by the Association of Zoos and Aquariums (AZA).

    The MIL Network –

  • MIL-OSI Submissions: Yellowknife’s Giant Mine: Canada downplayed arsenic exposure as an Indigenous community was poisoned

    Source: The Conversation – Canada – By Arn Keeling, Professor, Department of Geography, Memorial University of Newfoundland

    Giant Mine, just north of Yellowknife, N.W.T., in September 2011. The gold mine officially opened in 1948 and was operational for over 50 years before it was closed in 2004. (John Sandlos)

    Decades of gold mining at Giant Mine in Yellowknife, Northwest Territories, has left a toxic legacy: 237,000 tonnes of arsenic trioxide dust stored in underground chambers.

    As a multi-billion government remediation effort to clean up the mine site and secure the underground arsenic ramps up, the Canadian government is promising to deal with the mine’s disastrous consequences for local Indigenous communities.

    In March, the minister for Crown-Indigenous relations appointed a ministerial special representative, Murray Rankin, to investigate how historic mining affected the treaty rights of the Yellowknives Dene First Nation.

    We document this history in our forthcoming book, The Price of Gold: Mining, Pollution, and Resistance in Yellowknife, exposing how colonialism, corporate greed and lax regulation led to widespread air and water pollution, particularly affecting Tatsǫ́t’ıné (Yellowknives Dene) communities.

    We also highlight the struggle for pollution controls and public health led by Tatsǫ́t’ıné and their allies, including mine workers.

    Sickness from Giant Mine

    The story begins when prospectors discovered a rich gold ore body at Giant Mine in the 1930s. While mining started at the nearby Con Mine in the late 1930s, Giant’s development was interrupted by the Second World War. Only with new investment and the lifting of wartime labour restrictions in 1948 did Giant Mine start production.

    Mining at Giant was a challenge. Much of the gold was locked within arsenopyrite formations, and to get at it, workers needed to crush, then roast the gold ore at very high temperatures.

    This burned off the arsenic in the ore before using cyanide treatment to extract gold. One byproduct of this process was thousands of tonnes per day of arsenic trioxide, sent up a smokestack into the local environment.

    In addition to being acutely toxic, arsenic trioxide is also linked to lung and skin cancers, though scientific understanding of environmental exposures was inconclusive at the time.

    Archival records show that federal public health officials recommended the roaster be shut down until arsenic emissions could be controlled. But the company and federal mining regulators dragged their feet, fearing the economic impact.

    The result, in 1951, was the poisoning death of at least one Dene child on Latham Island (now Ndilǫ), near the mine; his family was compensated a paltry $750. Many Dene in Ndilǫ relied on snow melt for drinking water, and there were reports of widespread sickness in the community. Local animals, including dairy cattle and sled dogs, also became sick and died.

    Only after this tragedy did the federal government force the company to implement pollution controls. The control system was not terribly effective at first, though as it improved, arsenic emissions dropped dramatically from nearly 12,000 pounds per day to around 115 pounds per day in 1959. Thousands of tonnes of arsenic captured through this process was collected and stored in mined-out chambers underground.

    Fighting back against pollution

    Throughout the 1960s, public health officials continually downplayed concerns about arsenic exposure in Yellowknife, whether via drinking water or on local vegetables.

    By the 1970s, however, latent public health concerns over arsenic exposure in Yellowknife became a major national media story. It began with a CBC Radio As it Happens episode in 1975 that unearthed an unreleased government report documenting widespread, chronic arsenic exposure in the city. Facing accusations of a cover-up, the federal government dismissed health concerns even as it set up a local study group to investigate them.

    Suspicious of government studies and disregard for local health risks, Indigenous communities and workers took matters into their own hands. A remarkable alliance emerged between the Indian Brotherhood of the Northwest Territories and the United Steelworkers of America (the union representing Giant Mine workers) to undertake their own investigations.

    They conducted hair samplings of Dene children and mine workers — the population most exposed to arsenic in the community — and submitted them for laboratory analysis.

    The resulting report accused the federal government of suppressing health information and suggested children and workers were being poisoned. The controversy made national headlines yet again, prompting an independent inquiry by the Canadian Public Health Association.

    The association’s 1978 report somewhat quelled public concern. But environmental and public health advocates in Yellowknife continued their fight for pollution reduction through the 1980s.

    Giant’s toxic afterlife

    As Giant Mine entered the turbulent final decade of its life, including a violent lockout in 1992, public concern mounted over the growing environmental liabilities. Most urgently, people living in and near Yellowknife began to realize that enough arsenic trioxide had been stored underground over the years to poison every human on the planet four times over.

    Without constant pumping of groundwater out of the mine, the highly soluble arsenic could seep into local waterways, including Yellowknife Bay. When the company that owned the mine, Royal Oak Mines, went bankrupt in 1999, it left no clear plan for the remediation of this toxic material, and very little money to deal with it.

    The federal government assumed primary responsibility for the abandoned mine and, in the quarter century since, developed plans to clean up the site and stabilize the arsenic underground by freezing it — an approach that will cost more than $4 billion.

    Public concern and activism by Yellowknives Dene First Nation and other Yellowknifers prompted a highly contested environmental assessment and the creation of an independent oversight body, the Giant Mine Oversight Board in 2015. Under the current remediation strategy, the toxic waste at Giant Mine will require perpetual care, imposing a financial and environmental burden on future generations.

    The long history of historical injustice resulting from mineral development and pollution around Yellowknife remains unaddressed. In support of calls for an apology and compensation, the Yellowknives Dene First Nation recently published reports that include oral testimony and other evidence of impacts on their health and land in their traditional territory.

    Hopefully, the Canadian government’s appointment of the special representative means the colonial legacy of the mine will finally be addressed. Giant Mine serves as a warning about the current push from governments and industry to ram through development projects without environmental assessments or Indigenous consultations.

    Extractive projects may generate short-term wealth, but they also compromise the national interest if they saddle the public with enormous costs and long-term consequences.

    Arn Keeling receives funding from the Social Sciences and Humanities Research Council and National Sciences and Engineering Research Council of Canada.

    John Sandlos receives funding from the Social Sciences and Humanities Research Council of Canada.

    – ref. Yellowknife’s Giant Mine: Canada downplayed arsenic exposure as an Indigenous community was poisoned – https://theconversation.com/yellowknifes-giant-mine-canada-downplayed-arsenic-exposure-as-an-indigenous-community-was-poisoned-261002

    MIL OSI –

  • MIL-OSI Africa: African Development Bank’s Sustainable Energy Fund for Africa (SEFA) supports electric cooking expansion across three African nations

    Source: APO

    The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank (AfDB) (www.AfDB.org), is tackling charcoal dependence in Kenya, Uganda, and Zambia with a $4 million reimbursable grant. This grant will fund the Burn Electric Cooking Expansion Program (BEEP), deploying 115,000 Burn ECOA Electric Induction Cookers to provide clean cooking solutions for low-income, grid-connected households currently relying on charcoal.

    Burn, a Kenya-based clean cookstove company and carbon developer with operations in over 10 African countries, will implement BEEP. This program makes clean cooking appliances more affordable and accessible by prefinancing induction cookers and recovering costs through carbon credit sales in the voluntary market. This innovative model combines carbon-backed subsidies with pay-as-you-go payment plans, significantly lowering upfront costs for end-users.

    Capitalised through a Special Purpose Vehicle (SPV), the Program is funded by a $5 million senior loan from the Spark+ Africa Fund, a $4 million reimbursable grant from SEFA, and $1 million in equity from Burn Manufacturing Company. This SPV will partner with Burn to manage sales, distribution, and servicing of the cookers. The appliances will generate carbon credits, owned by the SPV, with revenues shared among investors.

    Dr. Daniel Schroth, Director for Renewable Energy and Energy Efficiency at the African Development Bank Group, stated, “This marks the Bank’s first carbon finance transaction of its kind, with SEFA playing a critical role in mitigating carbon market risks and enhancing the Program’s financial sustainability.”

    The program aligns with SEFA’s thematic area on Energy Efficiency, catalysing private sector investments in efficient appliances and promoting scale-up of clean cooking technologies. It also supports the Mission 300 Initiative and the Bank’s New Deal on Energy for Africa, which aim to deliver universal energy access through low-carbon solutions.

    “We are honoured to receive this catalytic investment from the African Development Bank’s Sustainable Energy Fund for Africa—their first-ever investment in carbon projects focused on electric cooking. This milestone enables BURN to rapidly scale our IoT-enabled induction stove across Kenya, Uganda, and Zambia, providing low-income households with a zero-emission, digitally monitored alternative to charcoal and wood,” said Peter Scott, Founder and CEO, BURN. “By integrating cutting-edge technology, carbon financing, and mobile-enabled Pay-As-You-Cook models, we are demonstrating that electric cooking can be clean, affordable, and scalable across the continent.” 

    In addition to environmental and health benefits, the program will stimulate job creation and fortify local supply chains within the three target countries, paving the way for a cleaner, more prosperous future for communities across Kenya, Uganda, and Zambia.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media contact: 
    Alexis Adélé
    Communications and External Relations Department
    media@afdb.org

    ABOUT SEFA:
    SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. SEFA offers technical assistance and concessional finance instruments to remove market barriers, build a more robust pipeline of projects and improve the risk-return profile of individual investments. The Fund’s overarching goal is to contribute to universal access to affordable, reliable, sustainable, and modern energy services for all in Africa, in line with the New Deal on Energy for Africa and the M300.

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s leading development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Represented in 41 African countries, with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member countries. For more information: www.AfDB.org

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI: Aspida Re Expands Global Footprint with Strategic Reinsurance Transaction in Japan

    Source: GlobeNewswire (MIL-OSI)

    DURHAM, N.C., July 22, 2025 (GLOBE NEWSWIRE) — Aspida Life Re Ltd (“Aspida Re”), a Bermuda-based life and annuity reinsurance company, announced the execution of its second reinsurance transaction in Japan, effective June 1, 2025. This milestone marks a significant step in Aspida Re’s ongoing strategy to expand its global footprint and deliver innovative reinsurance solutions to life and annuity insurance partners worldwide.

    The transaction was completed with a highly rated Japanese life insurance carrier (“Company”). Aspida Re, rated A- (Excellent) by AM Best, will reinsure new or incoming flow business. The reinsured product is a Japanese yen (JPY) denominated fixed annuity, highlighting Aspida Re’s ability to manage foreign exchange risk and deliver tailored solutions to its cedents.

    “This transaction is highly strategic for Aspida Re,” said David Florian, CEO of Aspida Re. “It reflects our deep commitment to the Japanese market and our broader vision of supporting insurers around the world with innovative, capital-efficient reinsurance solutions.”

    Aspida Re’s continued growth in Asian markets demonstrates its agility and expertise in navigating complex regulatory and financial environments, while reinforcing its role as a trusted partner in the global reinsurance landscape.

    “We are excited to secure our second Japanese reinsurance agreement,” said Jon Steffen, President and Chief Actuary of Aspida Re. “Our flexibility and customized solutions allow us to provide significant advantage to clients and partners, no matter their location.”

    To learn more about Aspida Re, visit aspidare.bm.

    About Aspida Re

    Aspida Life Re Ltd (“Aspida Re”), a Bermuda-based reinsurance platform, is focused on providing efficient and secure life and annuity reinsurance solutions to its global clients. Aspida Re seeks to be a trusted partner in its clients’ long-term financial growth by delivering creative, customized solutions while driving business by doing good for the communities it serves. Aspida Re is part of Aspida Holdings Ltd, with over $23.1bn in total assets as of March 31, 2025. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions, and corporate development partner to Aspida Re. For more information on Aspida Re, please visit www.aspidare.bm or follow them on LinkedIn.

    Krystle Cajas, PR Contact
    krystle.cajas@modop.com

    The MIL Network –

  • MIL-OSI: Aspida Re Expands Global Footprint with Strategic Reinsurance Transaction in Japan

    Source: GlobeNewswire (MIL-OSI)

    DURHAM, N.C., July 22, 2025 (GLOBE NEWSWIRE) — Aspida Life Re Ltd (“Aspida Re”), a Bermuda-based life and annuity reinsurance company, announced the execution of its second reinsurance transaction in Japan, effective June 1, 2025. This milestone marks a significant step in Aspida Re’s ongoing strategy to expand its global footprint and deliver innovative reinsurance solutions to life and annuity insurance partners worldwide.

    The transaction was completed with a highly rated Japanese life insurance carrier (“Company”). Aspida Re, rated A- (Excellent) by AM Best, will reinsure new or incoming flow business. The reinsured product is a Japanese yen (JPY) denominated fixed annuity, highlighting Aspida Re’s ability to manage foreign exchange risk and deliver tailored solutions to its cedents.

    “This transaction is highly strategic for Aspida Re,” said David Florian, CEO of Aspida Re. “It reflects our deep commitment to the Japanese market and our broader vision of supporting insurers around the world with innovative, capital-efficient reinsurance solutions.”

    Aspida Re’s continued growth in Asian markets demonstrates its agility and expertise in navigating complex regulatory and financial environments, while reinforcing its role as a trusted partner in the global reinsurance landscape.

    “We are excited to secure our second Japanese reinsurance agreement,” said Jon Steffen, President and Chief Actuary of Aspida Re. “Our flexibility and customized solutions allow us to provide significant advantage to clients and partners, no matter their location.”

    To learn more about Aspida Re, visit aspidare.bm.

    About Aspida Re

    Aspida Life Re Ltd (“Aspida Re”), a Bermuda-based reinsurance platform, is focused on providing efficient and secure life and annuity reinsurance solutions to its global clients. Aspida Re seeks to be a trusted partner in its clients’ long-term financial growth by delivering creative, customized solutions while driving business by doing good for the communities it serves. Aspida Re is part of Aspida Holdings Ltd, with over $23.1bn in total assets as of March 31, 2025. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions, and corporate development partner to Aspida Re. For more information on Aspida Re, please visit www.aspidare.bm or follow them on LinkedIn.

    Krystle Cajas, PR Contact
    krystle.cajas@modop.com

    The MIL Network –

  • MIL-OSI: DebitMyData™ Closes Oversubscribed Seed Round- Launches $1B Human Energy Grid Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    DebitMyData™ Logo

    FORT LAUDERDALE, Fla., July 22, 2025 (GLOBE NEWSWIRE) — DebitMyData™, Inc.—the powerhouse has closed a seed round at more than twice its original target. This surge of investor confidence paves the way for a bold, billion-dollar global rollout of DebitMyData™’s Human Energy Grid, setting a new standard for individual data ownership, ethical monetization, and human-centric AI innovation.

    Preparing to launch a U.S and global expansion round, DebitMyData™ is already attracting top-tier venture capitalists—some of whom previously backed OpenAI alumni Ilya Sutskever and Mira Murati. Their attention is now focused on founder Preska Thomas and her breakthrough vision for a decentralized, human-led future in Adtech, AI, cybersecurity, and digital sovereignty.

    “We’re advancing AI frameworks including Fuzzy Logic, ML, NLP, and robotic networks—but the Human Energy Grid ensures we embed ethics, skills, and human vision at the algorithmic core,” said Preska Thomas, Founder & CEO.

    Agentic Logos, Nodes, and Verified Digital Identity

    Integral to DebitMyData™ ‘s technology are Agentic Logos—cryptographically validated identity tools that combat fraud, impersonation, and deepfakes.

    Core LLM Features:

    • Verified Ownership: Every identity is cryptographically bound to an authentic user or brand.
    • Real-Time Security: Proprietary consensus mechanisms eliminate spoofing and fakes.
    • Plug-and-Play APIs: Enterprises and large language models (LLMs) can easily verify and interface with Agentic Nodes.

    By embedding identity-driven trust into content and advertising, DebitMyData™ transforms audience engagement. Brands and individuals alike benefit from frictionless, permission-based experiences that foster credibility and prevent misuse.

    The Human Energy Grid: An Ethics-Powered Digital Ecosystem

    DebitMyData™’s signature innovation—the Human Energy Grid—places people at the center of the digital economy.

    Key Components:

    • Digital Ownership: Users control and protect their digital footprints via DID-LLM (Digital Identity LLM).
    • Agentic Avatars: AI agents trained and owned by users, supporting monetization through sponsorships, licensing, and personal branding.
    • Ethical AI Training: Decentralized Agentic Avatars contribute to safe, human-aligned AI development.
    • NFT-Backed Security: Blockchain-protected digital creations ensure transparent royalties and rights.
    • Quantum-Resistant Privacy: Federated learning and next-generation encryption secure all interactions.

    This ecosystem empowers individuals to earn from their data and digital identity, marking a shift from extractive models toward equitable participation in the digital economy.

    Global Expansion and Ecosystem Integration

    Building on its momentum, DebitMyData™ is launching a global initiative to:

    • Open subsidiaries in the EU, Asia, and the Middle East
    • Advance Agentic Avatar technology for LLMs, APIs, and user-controlled AI
    • Partner with NFT platforms and creator-centric brands like AnimeGamer, MemeShorts (“The TikTok of America”), and Monetize YourSelfie

    The roadmap includes further integration across decentralized marketplaces for data, content, and avatar-based economies.

    Institutional & Government Alignment

    DebitMyData™ is engaged in advanced discussions with regulatory bodies, family offices, and public sector partners worldwide, reinforcing its commitment to compliance, transparency, and leadership in large-scale data solutions.

    Image by DebitMyData™

    About DebitMyData™, Inc.

    DebitMyData™, Inc. enables users to reclaim, verify, and monetize their digital identities through Agentic Logos and Agentic Avatars. Its scalable platform ensures GDPR compliance and AI alignment via the Human Energy Grid and DID-LLM, meeting evolving demands in ethical AI, cybersecurity, and digital equity.

    “This is our moment—not just to advance AI but to protect what makes us human. The Human Energy Grid ensures humanity stays present, empowered, and valued in the algorithms that shape the future,” said Preska Thomas, Founder & CEO.

    For more information, visit:

    Media Contact:
    Henry Cision
    (754) 315-2420
    communications@debitmydata.com
    https://debitmydata.com/

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/95c96c26-19e8-422a-b695-f624bef63d48

    https://www.globenewswire.com/NewsRoom/AttachmentNg/16c08f37-b662-4707-973b-06f8df03d725

    A video accompanying this announcement is available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/21a44de1-99d5-4625-a80a-80e766eb06d5

    The MIL Network –

  • MIL-OSI USA: Zinke, Sheehy, Moore, Banks Introduce Legislation to Implement Fees on Foreign Tourists to Rebuild National Parks

    Source:

    Washington, D.C. — Today, Western Montana Congressman and former Secretary of the Interior Ryan Zinke (MT-01), with Senator Tim Sheehy (R-MT), Representative Riley Moore (WV-02), and Senator Jim Banks (R-IN) introduced the bicameral Protecting America’s Treasures by Raising Inflow from Overseas Tourists in Parks Act (PATRIOT Parks Act), which would authorize a surcharge for most foreign tourists visiting national parks. If implemented, the bill would ensure foreign visitors contribute their fair share to the upkeep and preservation of America’s most treasured places. 

    “National Parks are Americas best idea and maintaining that legacy for future generations means making smart investments in the management of the parks,” said Zinke. “Americans already pay for parks in our tax dollars as well as at the gates. It’s unfair to American taxpayers to foot the bill for millions of foreign visitors. Almost every other country charges foreign visitors more, it’s common sense. President Trump and Secretary Burgum did the right thing directing the National Park Service implement a foreign visitor fee. This legislation will codify the policy and ensure Americans are put First in our own parks.”

    “From the New River Gorge in my home state to Shenandoah, the Great Smoky Mountains, the Everglades, and the Grand Canyon – God blessed our nation with a tremendous natural heritage. We owe it to future generations to ensure these natural marvels are protected, said Moore. “Unfortunately, the National Park System currently faces a backlog of more than $23 billion in deferred maintenance, including more than $200 million on properties across the Mountain State. Our commonsense legislation keeps entry fees static for Americans while charging more for foreigners visiting our National Parks. This will allow us to finally start tackling this extensive maintenance backlog.”

    “Our national parks drive Montana’s tourism economy by bringing in visitors from all over the world and define our way life by offering an experience you can only find in America,” said Sheehy. “Implementing a foreign visitor fee is an America First, commonsense way to secure affordable access for American families, improve our national parks for all visitors, and better manage our treasured public lands. It’s not too much for Americans to ask that their government puts them first, and that’s why I’m proud to support the PATRIOT Parks Act so more American families can enjoy our national parks for generations to come.”

    The National Park Service has $23 billion deferred maintenance infrastructure backlog. NPS relies on appropriated funds from tax dollars, Great American Outdoors Act funds from energy leasing, and entrance fees to address infrastructure needs. Every park will benefit from this program regardless of if they collect fees or not. By law, under the current formula for entrance fees, 80% of the fees collected at a park stay in the park where they are collected. The remaining 20% of entrance fees collected is distributed to non-fee collecting parks to improve infrastructure and visitor experience. The foreign visitors surcharge will use the same formula ensuring all parks benefit from this funding. 

    According to a report by Property and Environment Research Center (PERC), a surcharge of just $40 per foreign visitor would raise $528 million for our park system.

    “People travel from around the world to experience America’s national parks, and now they can help conserve them too,” said PERC CEO Brian Yablonski. “A surcharge on international visitors is a common practice globally and offers a smart, reliable way to fund better trails, cleaner campgrounds, modernized water systems, and desperately needed restoration work in our parks. We appreciate Rep. Zinke’s support for strengthening America’s national parks.” 

    Virtually all other countries do this already. Foreign tourists visiting the Galapagos National Park in Ecuador pay a $200 surcharge, South Africa charges as much as 500% more for foreign visitors, many European Union nations charge non-EU citizens surcharges at museums and cultural sites. 

    The foreign visitor would only apply to National Parks units that already collect entrance fees. If a park does not currently collect an entrance fee, the surcharge will not apply. Canadian citizens visiting Glacier National Park would be exempt from the surcharge in recognition of our joint stewardship of Waterton-Glacier International Peace Park. Fee-collecting monuments in Washington, D.C., are also exempted.

    The bill codifies an executive order signed by President Trump directing the Department of the Interior and Department of Agriculture to implement a foreign visitor surcharge to support public lands and rural communities.

    Read the full bill text here.

     

    ###

    MIL OSI USA News –

  • MIL-OSI Analysis: Is today’s political climate making dating harder for young people?

    Source: The Conversation – UK – By Katherine Twamley, Professor of Sociology, UCL

    Drazen Zigic/Shutterstock

    The last year has highlighted a political divide between young men and women. Data from elections in several countries shows that women aged 18-29 are becoming significantly more liberal, while young men are leaning more conservative. And a recent 30-country study found generation Z more divided than other generations on key questions around gender equality.

    At the same time, there is growing evidence that this cohort is turning away from traditional dating and long-term romantic relationships. According to the National Survey of Family Growth, in the US between 2022 and 2023, 24% of men and 13% of women aged 22-34 reported no sexual activity in the past year.

    This is a significant increase on previous years. And American teens are less likely to have romantic relationships than teenagers of previous generations.

    In the UK, surveys over the past decades reveal a trend in reduced sexual activity, in terms of both frequency and number of partners, among young people. Dating apps are also losing their lustre, with the top platforms seeing significant user declines among heterosexual gen Z users in the last year.

    Is the gendered political divide making dating harder? As sociologists of intimacy, our work has shown how relationships are affected by larger social, economic and political trends.

    Our research on enduring gender inequality has shown that it can affect the perceived quality of intimate relationships and relationship stability. For example, heterosexual relationships are often underpinned by unequal divisions of emotional and domestic labour, even among partners with similar incomes.

    Dating today can feel like a mix of endless swipes, red flags and shifting expectations. From decoding mixed signals to balancing independence with intimacy, relationships in your 20s and 30s come with unique challenges. Love IRL is the latest series from Quarter Life that explores it all.

    These research-backed articles break down the complexities of modern love to help you build meaningful connections, no matter your relationship status.

    Some commentators and researchers have identified a trend of “heteropessimism” — a disillusionment with heterosexual relationships, often marked by irony, detachment or frustration. Anecdotally, women have widely expressed weariness with the gender inequality that can emerge in relationships with men.

    But heteropessimism has been identified among men too, and research has found that women are, on average, happier being single than men.

    Take domestic labour. Despite progress towards gender equality in many areas, data shows that women in mixed sex relationships still shoulder the majority of housework and care. In the UK, women carry out an average of 60% more unpaid work than men. This gap persists even among couples who both work full-time.



    Read more:
    What is ‘heteropessimism’, and why do men and women suffer from it?

    In Korea, persistent gender inequality is thought to be behind the 4B movement. Young Korean women, fed up with sexist stereotypes which tie women to traditional roles, have declared their rejection of marriage, childbirth, dating and sex with men.

    Beyond Korea, young women have declared themselves “boy sober”. Harassment, abuse and “toxic behaviour” on dating apps has reportedly driven young women away from wanting to date at all.

    Others have embraced voluntary celibacy. One reason is that, for some women, the erosion of reproductive rights, such as the overturning of Roe v Wade in the US, sharpens the political stakes of intimacy. Political disagreements that may once have been surmountable in a relationship are now deeply personal, affecting womens’ bodily autonomy and experiences of misogyny.

    Of course, gender inequality does not just negatively affect women. In education, evidence suggests boys are falling behind girls at every level in the UK, though recent research shows this has reversed in maths and science. Men report feeling locked out of opportunities to care for their children through old-fashioned parental leave norms, which offer minimal opportunities for fathers to spend time with their children.

    Some influencers capitalise on real and perceived losses for men, pushing regressive and sexist views of women and relationships into the social media feeds of millions of boys and young men.

    Given all of the above, it is not entirely surprising that young men are more likely than young women to report that feminism has done more harm than good.

    Anxiety and uncertainty

    But there are wider political and economic issues that affect both young men and women, and how (or whether) they date each other. Gen Z are coming of age in a time of economic depression. Research shows that those experiencing financial stress have difficulties in establishing and maintaining intimate relationships.

    This may partly be because early stages of romance are strongly associated with consumerism – dinner out, gifts and so on. But there is also a lack of mental space for dating when people are under pressure to make ends meet. Insecure finances also affect young people’s ability to afford their own homes and have access to private spaces with a partner.

    There are, additionally, growing rates of mental ill health reported by young people worldwide. Anxieties abound around the pandemic, economic recession, the climate and international conflict.

    These anxieties play out in the dating scene, with some feeling that entering into a romantic relationship is another risk to be avoided. Research with UK-based heterosexual dating app users aged 18-25 found that they often saw dating as a psychological stand-off – where expressing care too soon could result in humiliation or rejection.

    Be vulnerable and risk rejection, or jump ship?
    Dedraw Studio/Shutterstock

    The result was that neither young men nor women felt safe expressing genuine interest. This left people stuck in the much-lamented “talking stage”, where relationships fail to progress.

    As sociologist Lisa Wade and others have shown, even when casual sex is part of the picture, emotional attachment is often actively resisted. The proliferation of “hook-up culture” – characterised by casual sexual encounters that prioritise physical pleasure over emotional intimacy – may partly be a response to a cultural discomfort with vulnerability.

    Gen Z’s turn away from dating doesn’t necessarily reflect a lack of desire for connection, but perhaps a heightened sense of vulnerability related to larger trends in mental ill-health and social, economic and political insecurity.

    It may not be that young people are rejecting relationships. Rather, they may be struggling to find emotionally safe (and affordable) spaces where intimacy can develop.

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

    – ref. Is today’s political climate making dating harder for young people? – https://theconversation.com/is-todays-political-climate-making-dating-harder-for-young-people-257844

    MIL OSI Analysis –

  • MIL-OSI Analysis: What was the Battle of Orgreave, and why has the government launched an inquiry into it?

    Source: The Conversation – UK – By Steven Daniels, Lecturer in Politics, Edge Hill University

    The UK’s home secretary, Yvette Cooper, has announced a full inquiry into the Battle of Orgreave, a large, violent clash between the National Union of Mineworkers and South Yorkshire police that took place over 40 years ago.

    The clash was a flashpoint of the 1984-85 miners’ strike, in which mining communities fought to protect jobs and industry from closure. It descended into a violent confrontation between miners and police, with injuries and accusations of misconduct on both sides.

    The announcement of an inquiry has been a long time coming for miners’ groups. Comparisons have been made to the Hillsborough tragedy and inquiry – another incident involving accusations of mistreatment by South Yorkshire Police.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    The Battle of Orgreave took place on June 18 1984, outside Orgreave coking plant in Rotherham. The miners’ strike had been raging since March 1984, with both sides looking for opportunities to turn the tide in their favour.

    Before ascending to the presidency of the National Union of Mineworkers (NUM) in 1982, British trade unionist Arthur Scargill had gained notoriety during the 1972 miners’ strike. He developed the “flying pickets” tactic. This approach saw large numbers of strikers from around the country descend on an industrially sensitive target, to pressure it into closing. These tactics successfully closed Saltley Gate gasworks in Birmingham, forcing the taxpayer-owned National Coal Board and Edward Heath’s government to concede the 1972 strike to the NUM.

    In 1984, realising that British Steel’s furnaces would be vulnerable without coking coal, Scargill planned to repeat the 1972 victory at Orgreave.

    On June 18, around 8,000 miners began assembling as early as 4am. They were met by 6,000 police in full riot gear. As lorries began arriving to collect coking coal, the conflict began around 8am. This unfolded in waves: mounted police would cavalry charge miners, splitting their lines, with “snatch squads” then swarming miners who had failed to retreat in time, arresting them.

    This continued until the afternoon, when miners retreated into Orgreave village. Police continued trying to disperse miners, even cavalry-charging the village.

    Miners’ groups allege that the police charged their lines despite their picket being peaceful in nature, and there was no trigger for violence. They claim only once police started charging did they retaliate in defence, throwing rocks and other missiles. Controversially, footage of these incidents was allegedly shown in reverse order by the BBC, painting the strikers as the aggressors.

    Orgreave is considered a turning point, both in the strike, and in policing of protest. With the “flying pickets” strategy in tatters, the NUM struggled to maintain pressure and lost momentum as the months dragged on. The strike ended in March 1985 with a full, unconditional return to work.

    The aftermath

    Ninety-five miners were arrested that day, with 55 subsequently charged with riot. This was a serious charge, carrying the maximum penalty of life imprisonment. Many more reported injuries and accused South Yorkshire Police of being unnecessarily violent and heavy handed.

    One of the most famous images from the day shows Lesley Boulton, a woman there to document the strike with her camera, with a mounted policeman swinging his truncheon at her head. This photo sums up the brutality of the day. Accusations also emerged of police removing their collar numbers, so as not to be identified.

    Sensationally, the 1985 trial for riot collapsed after evidence from South Yorkshire Police was found to be unreliable. It was later revealed through archival material that officers were given direction or guidance in their statements.

    It was also revealed that Margaret Thatcher herself attended a drinks reception for police chiefs involved in the strike, thanking them personally for “all they did and their forces did to maintain public order”. Even though the 55 miners were cleared of the charges, many were financially ruined, and unable to return to the coal industry.

    Thirty-nine of those involved subsequently took legal action against South Yorkshire Police for unlawful arrest and malicious prosecution, settling for a payment of £425,000 and no admission of liability. Not a single police officer was prosecuted or punished for their role in Orgreave.



    Read more:
    New files add weight to calls for Battle of Orgreave inquiry

    Calls for inquiry

    Calls for an inquiry into the Battle of Orgreave, as well as the general standard of policing during the strike, have been ongoing for decades. As early as January 1985 (with the strike ongoing), the then home secretary, Leon Brittan, was resistant to any public inquiry into the conduct of police officers during the strike, fearing it would descend into a “witch-hunt”. John Major’s government similarly resisted such calls in 1991, believing them unnecessary.

    In 2015, the Independent Police Complaints Commission declined to mount a formal investigation, despite finding evidence to suggest officers had indeed assaulted miners at Orgreave and other forms of misconduct. The commission argued that too much time had passed for the investigation to have any meaning.

    Theresa May’s government rejected calls for an inquiry in 2016. The then home secretary Amber Rudd claimed an inquiry was not in the public interest, arguing policing standards had changed substantially since the 1980s and that the event had simply occurred too long ago. Rudd also said that many involved in the strike would have died, and most officers involved would no longer be employed by South Yorkshire Police.

    The volunteer-run Orgreave Truth and Justice Campaign has long campaigned for a public inquiry, arguing that Orgreave was a serious miscarriage of justice that needs to be adequately addressed. They believe that a full inquiry will provide accountability and clarity regarding the role of the police and the state in such a tumultuous time period.

    The Hillsborough inquiry shows what successful (and persistent) community action can achieve. Accusations made against South Yorkshire Police then were eventually proven correct. While there has yet to be any significantly successful legal action taken against officers involved in Hillsborough, the inquiry itself brought closure (and, crucially, the truth) to families involved. Mining communities will be hoping for similar closure with the Orgreave inquiry.

    Steven Daniels consulted the Orgreave Truth and Justice Campaign on archival findings from his wider research in 2017.

    – ref. What was the Battle of Orgreave, and why has the government launched an inquiry into it? – https://theconversation.com/what-was-the-battle-of-orgreave-and-why-has-the-government-launched-an-inquiry-into-it-261596

    MIL OSI Analysis –

  • MIL-OSI Analysis: No wonder England’s water needs cleaning up – most sewage discharges aren’t even classified as pollution incidents

    Source: The Conversation – UK – By Alex Ford, Professor of Biology, University of Portsmouth

    oneSHUTTER oneMEMORY/Shutterstock

    England’s privatised water industry may one day be considered a textbook case study of failed corporate responsibility, regulation and governance. The Cunliffe review, the recent report into England’s privatised water industry, concluded that the financial regulator, OfWat, needs to be disbanded and a new water regulator will be introduced.

    For that to work effectively, better pollution monitoring and more clearly defined pollution incident criteria are essential. While politicians and water companies have claimed to be reducing pollution incidences, they might not strictly be tackling sources of pollution, so communications must be carefully scrutinised for disinformation.

    The UK’s environment minister Steve Reed MP has described the water industry as “broken”. The public have rising water bills. Water companies owe over £60 billion in debts and have left the country with uncertain water security in the face of climate change.

    The Environment Agency (EA) in England recently announced that serious pollution incidents in 2024 rose by 60% to 75 from 47 in the previous year. The EA classifies pollution incidents using a four-point scale called the common incident classification scheme. Trained EA officers consider the evidence reported via their incident hotline to assess its credibility and severity.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    Category 1 is for major incidents, 2 for significant, 3 for minor incidents and 4 for no impact. Category 1 and 2 typically involve visible signs of dead fish floating. For salmon, if more than 10 adult or 100 young fish are dead, this is category 1. With fewer than ten adult and 100 young fish dead, it’s category 2.

    No dead fish, no serious problem? The EA can also record damage on protected habitats as “pollution incidents” but these are harder to substantiate without investigative research that takes time and money.

    Last year, more than 450,000 sewage discharges were recorded by event duration monitors. These are devices fitted to the end of overflow pipes that indicate when and for how long they have been discharging.

    These discharges represent 3.6 million hours of untreated sewage going into our rivers and coasts. These contain chemical contaminants including pharmaceuticals, detergents and human pathogens. Only 75 incidents were recorded as serious or significant in 2024. Another 2,726 were classed as minor.

    So lots of sewage discharges are not being classified as pollution incidents, despite containing pollutants. The EA advises its investigating officers to “record substantiated incidents that result in no environmental impact, or where the impact cannot be confirmed, as a category 4”.

    The EA has been criticised for turning up late to 74% of category 1 and 2 pollution incidents and for being pressured to ignore low-level pollution – all claims that they have denied. However, they admit they are constrained by finances. Any new regulator must be adequately resourced and independent.

    Pollution isn’t always classified as an official pollution incident.
    YueStock/Shutterstock

    In their recent report into pollution incidences, the EA states that they respond to all category 1 and 2 (serious and significant) water industry incidents and will be increasing their attendance at category 3 (minor) incidents. They highlight that more inspections will identify more issues. This shows some acceptance that the more incidents they attend, the more would be substantiated or recorded appropriately.

    Most sewage discharges would not have been reported to, or recorded by, the EA as pollution incidents because they were permitted discharges from combined stormwater overflows. Water companies are allowed to discharge untreated wastewater under exceptional rainfall or snowfall conditions to prevent sewage backing up through the pipes.

    Extra water flow in rivers from rainfall is meant to dilute chemical contaminants in wastewater. However, some discharges can last days or weeks. The EA is currently investigating whether water companies have been breaching their permits and discharging untreated wastewater when there is low or even no rainfall.

    What counts as pollution?

    The UN classifies pollution as “presence of substances and energy (for example, light and heat) in environmental media (air, water, land) whose nature, location, or quantity produces undesirable environmental effects”. This definition differs markedly from the EA’s working definition of pollution incidents.

    Many sewage discharges containing low concentrations of pollutants won’t kill fish but might still be harmful to fish larvae or small insects, for example.

    However, the broad picture from EA data is that invertebrate communities at least are in a better state than they were three decades ago before wastewater treatment plants were upgraded following the EU’s Urban Wastewater Directive.

    Some pollutants bioaccumulate through the food chain, so they become concentrated in top predators such as orcas. Some chemicals mimic reproductive hormones even in low concentrations and can feminise fish, for example. High levels of nutrients from agriculture and sewage in rivers can cause fungal diseases in seagrass meadows.

    Other families of chemicals build up in wildlife and people, such as persistent “forever chemicals”, much of which comes from wastewater discharges. Continued discharges of antibiotics into waterways might not be classified as pollution incidents but still pose a substantial risk to human and ecosystem health through bacteria developing antibiotic resistance.

    The government has just committed to cut sewage pollution by 50% by December 2029 based on 2024 data. But it’s not yet clear whether these involve cutting the frequency of discharges, the duration or both.

    This data could also be manipulated so that a large number of small discharges can be consolidated into one official discharge event. Currently, the volume of discharges from stormwater overflows isn’t known. Without this vital data we can’t ascertain the risk posed by their contaminants.

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

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

    Alex Ford receives funding from the Natural Environment Research Council (NERC), EU, charities and industry including water companies.

    – ref. No wonder England’s water needs cleaning up – most sewage discharges aren’t even classified as pollution incidents – https://theconversation.com/no-wonder-englands-water-needs-cleaning-up-most-sewage-discharges-arent-even-classified-as-pollution-incidents-261502

    MIL OSI Analysis –

  • MIL-OSI Analysis: A global treaty to limit plastic pollution is within reach – will countries seize the moment?

    Source: The Conversation – UK – By Winnie Courtene-Jones, Lecturer in Marine Pollution, Bangor University

    Bandung, Indonesia. Sony Herdiana/Shutterstock

    Representatives from 175 countries will gather in Geneva, Switzerland, in August for the final round of negotiations on a legally binding UN treaty to end plastic pollution. Non-governmental organisations, academics and industry lobbyists will also be in the room. They will all be hoping to influence what could be the world’s first truly global agreement on plastics.

    The summit, known as “INC-5.2”, follows a failed attempt to reach agreement in Busan, South Korea, late last year. That meeting ended without resolving important issues, despite hopes that it would conclude the treaty process. Now, it’s crunch time in Geneva.

    Either countries bridge their political divides, or risk the whole process falling apart.

    I’ve been researching the effects of plastic for more than a decade and have been involved in the UN treaty process since 2022. I’ve attended several of the negotiations and will be in Geneva next month. The science is clear: we need ambitious action which tackles every stage of the plastics lifecycle, from production through to disposal. But the question is, will countries deliver?

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    In 2022, the UN Environment Assembly agreed to develop a legally binding treaty to end plastic pollution. Since then, progress has been slow. Negotiations have repeatedly stalled over issues such as whether the treaty should limit plastic production or regulate chemicals, how to define terms, and how to fund implementation.

    Industry lobbying has also played a powerful role throughout. At the last round of talks, lobbyists for the petrochemical and plastics industries made up the single largest delegation. They outnumbered representatives from the EU, all of Latin America, the Pacific islands, independent scientists and Indigenous communities. This imbalance threatens to weaken the science-based action that is urgently needed.

    Although countries failed to reach agreement in Busan, a foundation was laid. They agreed to continue negotiations using the “chair’s text”, which is a draft treaty with multiple options still on the table. That document forms the starting point in Geneva. But it remains uncertain whether enough common ground can be found to finalise the text.

    What’s at stake?

    This treaty is a once-in-a-generation chance to tackle one of the world’s most urgent environmental crises. More than 450 million tonnes of plastic are produced every year. That figure is expected to double by 2045 if current trends continue.

    Only around 9% of plastic is ever recycled. The rest is landfilled, incinerated or ends up polluting the environment.

    An estimated 139 million tonnes of plastics pollute marine and fresh water. But that could be significantly higher when considering leakages of plastics to land, and from microplastics, which are plastics smaller than 5mm in diameter.

    Plastic is found in the deepest oceans, the remotest mountains and inside the human body. While scientists are only beginning to understand the long-term implications for human health, biodiversity and climate, studies show harmful effects of plastics and their chemicals on animals and ecosystems.

    Plastic pollution doesn’t respect national borders. It moves through rivers, oceans and air, and gets carried across continents. Global supply chains and waste exports have made this a problem no country can solve alone. That’s why a global treaty is essential.

    Crossroads

    Despite this growing urgency, a disparity in positions has hindered progress and continues to divide delegations.

    Some, such as members of the High Ambition Coalition, a group of countries committed to progressive climate action, want strong rules to cap plastic production, phase out toxic chemicals and hold polluters accountable. Others, often with prominent petrochemical industries, argue for a weaker, voluntary approach focused mainly on recycling and waste management.



    Read more:
    A global plastic treaty will only work if it caps production, modelling shows

    If these divisions aren’t resolved, there’s a real risk the treaty will end up being too watered down to make a difference. A patchy, fragmented agreement would fail to curb rising plastic production and could undermine the integrity of global action.

    Between December’s meeting in Busan and next month’s talks, countries have been holding smaller meetings to try to find compromise. That momentum must now be carried into the final negotiations.

    Important articles in the draft treaty, including those on chemicals and products, plastic production and finance, remain contested. Whether those provisions are strengthened or diluted will shape the treaty’s effects for decades to come.

    Flexibility will be needed. But leadership is also crucial. Countries that support an ambitious outcome must stand firm and bring others with them.

    As we approach what may be the final negotiating round, we’re at a critical crossroads. The world has the chance to take meaningful action on plastic pollution. Let’s not waste it.

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

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

    Winnie Courtene-Jones is an unpaid member and working-group lead of the Scientists’ Coalition for an Effective Treaty; an International network of independent scientific and technical experts contributing robust scientific evidence to the Treaty process.

    – ref. A global treaty to limit plastic pollution is within reach – will countries seize the moment? – https://theconversation.com/a-global-treaty-to-limit-plastic-pollution-is-within-reach-will-countries-seize-the-moment-261331

    MIL OSI Analysis –

  • MIL-OSI Analysis: As Sri Lanka’s economy pivots from tourism, it’s well placed to benefit from global trade and geopolitical jostling – new research

    Source: The Conversation – UK – By Hemamali Tennakoon, Senior Lecturer in Strategy and Management, Brunel University of London

    Dmytro Buianskyi/Shutterstock

    With its natural beauty, wildlife and culture, Sri Lanka is known as the “pearl of the Indian Ocean”, and attracts millions of tourists every year.

    But my research suggests that the country might not be so reliant on tourism in the future, as it looks to become a major player in global maritime trade. The island’s numerous harbours and enviable location along international sea routes have led to major investment from China and the US, as they seek to extend their strategic influence in the region.

    That investment is being welcomed after years of economic and political turmoil in Sri Lanka.

    The Easter bombings of 2019 targeted Catholic churches and hotels, killing 269 people and devastating tourism. The same year, significant tax cuts slashed government revenue before COVID did serious damage to the economy.

    In 2021, a ban on chemical fertilisers led to nationwide agricultural failure, while excessive borrowing and money printing triggered soaring inflation, which peaked at 70% in August 2022. The country ended up failing to pay its foreign debts.

    Following huge protests in 2022 and the resignation of the president, Sri Lanka began a major political and economic shift. It secured a bailout from the International Monetary Fund and implemented reforms aimed at stabilising the economy.

    So far, some of the effects have been positive. Inflation has eased, investor confidence has improved and more tea, clothing and rubber products are being exported up.

    Key to this has been improved logistics and port infrastructure. Business at the port of Colombo, the country’s largest, is booming, aided in part by global shipping disruptions, including the Red Sea crisis, which rerouted vessels through the Indian Ocean.

    But international maritime ambitions can be a complex affair, and Sri Lanka needs to be wary of becoming just a well-positioned commodity for the world’s economic superpowers.

    China for example, has secured a controversial 99-year lease of Hambantota port. India, wary of Chinese encroachment, has ramped up its own investments, including the development of a container terminal in Colombo.

    In 2023, the US announced a US$500 million (£372 million) plan to develop a deep-water shipping container terminal at the port of Colombo. And the potential US tariffs of 30% on imports from Sri Lanka have been interpreted by some as a pressure tactic to get greater access to its waters.

    Balancing these interests is a delicate act. While foreign investment is crucial for infrastructure development, Sri Lanka needs to protect its sovereignty and ensure that port operations serve national, not just international, interests.

    My research suggests that one way of building a resilient and diverse Sri Lankan economy would be to focus on its surrounding waters. Sri Lanka’s vast “exclusive economic zone”, an area of sea where it controls marine resources, holds massive untapped potential.

    Blue economy

    This potential lies in traditional sectors like fisheries and tourism, but also emerging industries such as marine biotechnology.

    This growing field offers opportunities in things like bioengineering and marine-based pharmaceuticals. With other countries rapidly advancing in these sectors, Sri Lanka is well-positioned to follow suit and become a regional leader in the blue economy (economic activities associated with the sustainable use of ocean resources).

    Business is booming in the port of Colombo.
    shutterlk/Shutterstock

    But there is still a complex web of geopolitical interests and economic pressures to navigate, as well as environmental challenges.

    At the moment for example, the Sri Lankan government is making plans for the deep natural port at Trincomalee to become a major marine repair and refuelling centre between Dubai and Singapore. Other proposed projects include offshore wind farms and oil rig facilities.

    The country also needs to compete with the likes of Malaysia, which is investing heavily in AI-driven port operations. To stay competitive, Sri Lanka must modernise infrastructure and streamline processes.

    And despite the progress, challenges persist. Poverty in Sri Lanka has doubled since 2021, while youth unemployment remains high.

    Sri Lanka faces rising maritime threats like piracy and illegal fishing, requiring stronger maritime surveillance. Simultaneously, port expansion risks damaging marine ecosystems. Green technologies and stricter environmental regulations are essential for long-term security and sustainability.

    Sri Lanka’s strategic location and maritime heritage offer a foundation for economic renewal. With wise governance, sustainability, and balanced geopolitics, its ports could once again become vital gateways to regional prosperity and global trade.

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

    – ref. As Sri Lanka’s economy pivots from tourism, it’s well placed to benefit from global trade and geopolitical jostling – new research – https://theconversation.com/as-sri-lankas-economy-pivots-from-tourism-its-well-placed-to-benefit-from-global-trade-and-geopolitical-jostling-new-research-261231

    MIL OSI Analysis –

  • MIL-OSI USA News: American Steelmakers Are Thriving Under President Trump

    Source: US Whitehouse

    The U.S. steel industry is back under President Donald J. Trump. After languishing under a Biden-era stranglehold — plagued by unfair foreign competition, job losses, and weakened national security as imports flooded the market and domestic production stalled — the steel industry is quickly roaring back to life.

    U.S. steelmakers are proving that strong leadership and protective tariffs are the keys to revitalizing American manufacturing.

    • Ohio-based Cleveland-Cliffs announced record steel shipments in Q2 2025.
      • CEO Lourenco Goncalves: “Cliffs is a major supplier of steel to the automotive manufacturers, and the Trump Administration continues to show strong support to both the domestic steel and the domestic automotive sectors. We have started to see the positive impact that tariffs have on domestic manufacturing, protecting domestic jobs and national security. We expect this trend to continue, promoting the resurgence of the American automotive industry supported by a thriving domestic steel industry.”
    • Indiana-based Steel Dynamics saw a 39% increase in operating income and a 19% increase in adjusted EBITDA in Q2 2025.
    • North Carolina-based Nucor expects its Q2 2025 earnings to be approximately four times higher than the preceding quarter.
    • President Trump’s perpetual Golden Share as part of the investment in Pittsburgh-based U.S. Steel protects the iconic American company’s financial health and ensures its jobs cannot be exported — a win-win for American workers and industry.

    MIL OSI USA News –

  • MIL-OSI: BitMart Launches Crypto Loans: Unlock Liquidity and Earn While You Borrow

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 22, 2025 (GLOBE NEWSWIRE) —

    BitMart, a leading global cryptocurrency exchange, announced the launch of BitMart Crypto Loans service, the lending product that allows users to stake their digital assets as collateral, borrow instantly, and continue earning interest — all without selling their holdings.

    As the digital asset market evolves rapidly, users are increasingly seeking flexible and efficient ways to manage their assets. In the current market environment, liquidity has become a major challenge for crypto asset holders. Traditional solutions often require selling assets to unlock funds — but this also means giving up the potential for future appreciation, particularly for long-term holders of major assets like BTC, ETH, or the platform token BMX. For these users, selling their holdings could mean missing out on future opportunities. Therefore, the market urgently needs a solution that provides liquidity without liquidating assets.

    Key Highlights of BitMart Crypto Loans

    • Flexible Loans Without Selling Assets — Users can pledge their digital assets as collateral to borrow loans without having to sell. This is especially attractive to long-term holders.
    • Earn Interest on Collateralized Assets — Users can continue earning yields on your pledged assets via BitMart Earn.
    • Flexible Repayment — No fixed terms or late fees; repay anytime at your convenience.
    • Multi-Asset Support — Borrow and pledge in USDT, USDC, BTC, ETH, BMX, and more.
    • Transparent, Low Costs — Competitive hourly interest rates that adjust with the market.

    BMX, BitMart’s native token, plays a pivotal role in this ecosystem. It can be used both as collateral and as a borrowed asset, further enhancing liquidity and utility. BMX holders also enjoy additional perks, including trading fee discounts, VIP benefits, and participation in BitMart’s growth through airdrops and rewards — creating a vibrant, user-driven ecosystem.

    Launch Benefits: Interest Rebates and USDC Rewards

    To celebrate the launch, BitMart is offering exclusive promotions:

    • Interest Subsidy — New users receive a 50% rebate on interest paid; VIP users enjoy a full 100% rebate, achieving “zero-interest” borrowing.
    • Leaderboard Rewards — The top 50 borrowers by total loan amount will share in generous USDC prizes, with first place taking home 1,000 USDC.

    Details: https://www.bitmart.com/activity/cryptoloans/en-US 

    As the digital asset market matures and evolves, traditional asset management models can no longer meet modern users’ demands for flexibility, efficiency, and diversification. The launch of BitMart Crypto Loans not only brings a fresh liquidity solution to the market but also opens up new possibilities for the application of crypto assets. Without sacrificing the long-term appreciation potential of their holdings, users can easily allocate funds while earning transparent and sustainable yields through financial tools. This innovative model undoubtedly represents the future of the industry: smarter, more flexible, and more efficient asset management is set to become the new norm in the crypto market.

    About BitMart

    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Disclaimer:

    Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.

    The MIL Network –