Category: Economy

  • MIL-OSI Russia: China expands financial support for elderly care and service consumption through new refinancing mechanism

    Translation. Region: Russian Federal

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

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

    BEIJING, May 9 (Xinhua) — The People’s Bank of China (PBOC, the central bank) announced on Friday the establishment of a refinancing mechanism for the service consumption and elderly care sectors, in a move to encourage financial institutions to step up support for these sectors.

    According to the PBOC, the refinancing quota is 500 billion yuan (about 69.35 billion US dollars), with an interest rate of 1.5 percent per annum and a term of one year.

    According to the Central Bank, this mechanism is available to 21 national-level financial institutions, including political banks and state-owned commercial banks, as well as five city commercial banks, including Bank of Beijing and Bank of Shanghai.

    The new refinancing mechanism will be in effect until the end of 2027. The PBC emphasized that it intends to encourage financial institutions to strengthen financial support for key areas of the service sector, such as the hotel and restaurant business, culture, sports and entertainment, education, and the elderly care industry. –0–

    MIL OSI Russia News

  • MIL-OSI Canada: Expanding skills training at Olds College

    [. To help address the increased demand for apprentices and skilled journeypersons, Alberta’s government is investing $25 million through Budget 2025 for the expansion and renovation of the W.J. Elliott building at Olds College, as part of a $63 million total investment over three years beginning in 2024.

    Upon completion, this project will add more than 440 new seats for trades programming, as well as 100 seats for dual-credit trades programs, including Agricultural Equipment Technician, Heavy Equipment Technician, Welder and Landscape Horticulturist.

    “The expansion of the W.J. Elliott building at Olds College will strengthen apprenticeship training and provide new learning opportunities in Alberta. By investing in apprenticeship education, we’re creating more career opportunities for Albertans, strengthening our workforce and growing our economy while meeting labour market demand.”

    Rajan Sawhney, Minister of Advanced Education

    This expansion will increase apprenticeship learning opportunities for students by enhancing student spaces, ensuring more Albertans are equipped with the skills and training needed to meet the workforce demands of tomorrow.

    “Helping students find their passion through dual credit programs is key to their future success. We are proud to support a strong dual-credit program here in Alberta, and we will continue to work with education partners to find new ways to grow this important program for the benefit of Alberta’s students.”

    Demetrios Nicolaides, Minister of Education

    Since 1971, the W.J. Elliott building has served as a home to trades programming at Olds College. The renovations will include new collaborative student and staff spaces as well as adding lifting equipment, such as overhead cranes and vehicle lifts equipped with highway tractor alignment systems and wheel dynamometers, to improve trades programming. Construction is set to begin early this summer and is expected to be complete by spring 2027.

    “The enhanced W.J. Elliott building will allow us to deliver a best-in-class experience for students and partners. With expanded classrooms, advanced labs and state-of-the-art equipment, Olds College will continue to meet the growing demand for skilled trades training while elevating the student experience and deepening industry collaboration.”

    Debbie Thompson, president and CEO, Olds College of Agriculture & Technology

    Alberta’s graduates are highly skilled and well-educated professionals; many go on to become leaders, innovators, business owners and educators in their industry. Targeted investment from Alberta’s government is expanding access for students and creating modern learning environments, supporting graduates in building their future.

    Budget 2025 is meeting the challenge faced by Alberta with continued investments in education and health, lower taxes for families and a focus on the economy.

    Quick facts

    • Alberta has 59 designated trades, 47 of which have associated apprenticeship education programs regulated under the Skilled Trades and Apprenticeship Education Act.  
    • In Budget 2024, Alberta’s government committed to investing $63 million over three years in the expansion and renovation of the W.J. Elliot building at Olds College.
      • Of the total funding, 13 million was allocated in 2024.

    Related information

    • Olds College
    • Tradesecrets – Home
    • W.J. Elliott (Trades) Building

    Related news

    • New campaign promotes Alberta’s skilled trades | Nouvelle campagne de promotion des métiers spécialisés de l’Alberta | alberta.ca (Sept. 26, 2024)

    Multimedia

    • Watch the news conference

    MIL OSI Canada News

  • MIL-OSI USA: $500M To Expand Families’ Access to Affordable Homes

    Source: US State of New York

    overnor Kathy Hochul today signed new legislation as part of the FY26 Enacted Budget that will make owning and renting a home more affordable. As part of the FY 2026 Enacted Budget, Governor Hochul announced more than $1.5 billion in new state funding for housing statewide, including investing $100 million for pro-housing communities to fund critical infrastructure projects to support housing development, $100 million to promote mixed income housing development, $50 million for the first year of the Housing Access Voucher Program to address households that are homelessness or at risk of imminent homelessness, and $50 million for building more affordable starter homes, among other housing initiatives.

    “New Yorkers deserve a fair chance at achieving the American dream, whether it is buying their first home or renting their first apartment, and this bold plan does just that,” Governor Hochul said. “As part of my FY 2026 Enacted Budget, I secured over $500 million in capital for housing to uplift local economies and level the playing field so families can have more access to safe and affordable homes.”

    Helping Families Achieve The Dream Of Owning Their Own Home

    Disincentivizing Institutional Investors from Buying Up One- and Two-Family Homes
    Nationally, private equity firms own more than 500,000 homes. According to some estimates, private equity firms are expected to own up to 40 percent of the single-family rental market by 2030. When large investors hold a disproportionate share of a local housing market it removes opportunities for homeownership, exacerbating the existing scarcity and driving up prices for remaining homes on the market. These consequences are felt most intensely by first-time and low- or moderate-income homebuyers.

    To help level the playing field and increase the opportunities for everyday individuals and families to purchase a home, Governor Hochul signed legislation to disincentivize large investment entities who own 10+ single- and two-family homes and act as a fiduciary for at least $30 million in assets under management from buying single- and two-family homes en masse, and will require a 90-day waiting period for institutional investors to make an offer on one- or two-family homes.

    The prohibition would also apply to an entity that receives funding from a covered institutional investor, other than in the form of a standard mortgage. Nonprofits, land banks, community land trusts, and foreclosure sales would be exempted. With the New York State Attorney General’s enforcement, covered entities that violate the waiting period would be subject to $250,000 penalties, and to $10,000 penalties for failing to provide required notices.

    Additionally, Governor Hochul signed legislation to prohibit institutional investors from claiming depreciation tax deductions for single- and two-family homes, or claiming interest deductions with respect to such homes, to disincentivize their accumulation of single- and two-family homes. The legislation also requires the New York Department of State (DOS) to provide notice when establishing a “cease and desist zone” in which homeowners who opt into coverage are prohibited from being solicited to sell their homes. The notice requirements will require information about the zone to be posted on DOS’ website when a zone is established and annually included in a local newspaper within the area of the zone.

    Provide Starter Home Innovation Funding
    Oftentimes, homes being built by the market today are larger and therefore less affordable than a traditional starter home. An undersupply of homes limits mobility within the market, preventing young families from becoming homeowners and older New Yorkers from downsizing. Governor Hochul’s budget will include $50 million in capital funding to incentivize the building of more starter homes, including innovative approaches to homebuilding such as the use of factory-built and modular development.

    $40 Million to Support the Homeowner Protection Program (HOPP)
    The Homeowner Protection Program is a state-wide network of housing counseling and legal services organizations serving every county in New York. The network provides critical services to at-risk homeowners struggling to maintain their housing and avoid foreclosure. HOPP is also a front line defense in gentrifying neighborhoods helping to prevent fraud and deed theft for vulnerable homeowners. This $40 million in funding will ensure that this network can continue to serve thousands of homeowners, preserving millions of dollars in equity and stabilizing communities.

    Expand and Strengthen the Resilient and Ready Programs
    Severe weather events are leaving New York homeowners in need of urgent repairs and long-term resilience measures. Governor Hochul secured $50 million in new funding for the Rapid Response Home Repair Program and Resilient Retrofits Program, which have provided vital assistance, helping over 1,300 homeowners to date recover and prepare for future disasters.

    Create an Affordable Homebuyer Tax Incentive
    Even when homes are developed for the express purpose of being sold to low- and moderate-income homebuyers, local property tax assessments value the homes at fair market value, presenting challenges to creating homes these homebuyers can afford to purchase. The Governor has secured agreement for an affordable homebuyer property tax incentive at local opt-in for homes built with assistance from governmental entities, nonprofits, land banks, or community land trusts, and sold to low- and moderate-income homebuyers. This will aid such homebuyers by making their dream of homeownership more attainable by bringing down costs and increasing the supply of these homes.

    Strengthen Laws and Policies To Combat Home Appraisal Discrimination
    For many New Yorkers, their largest investment and most valuable asset is their home. Homes provide families with a safe place to live and an opportunity to build generational wealth. For too long, pervasive appraisal bias throughout the housing industry has unjustly stripped families of color of this opportunity, widening racial homeownership and wealth gaps. Governor Hochul secured agreement on legislation that will make it a violation of the State’s Human Rights Law to discriminate when providing real estate appraisals or in making such services available. The law will further enable DOS to fine appraisers for violations, in addition to other existing remedies, with half of those fines going to a fund to support fair housing enforcement. Additionally, the budget includes $4 million in new state support for fair housing testing.

    Unlocking Local Development

    Create $100 Million New York State Pro-Housing Supply Fund
    Governor Hochul signed Executive Order 30 in July 2023 creating the Pro-Housing Communities Program, which recognizes and rewards municipalities actively working to unlock their housing potential and encourages others to follow suit. In the State Fiscal Year 2025 Enacted Budget, Governor Hochul made the “Pro-Housing Community” designation a requirement for accessing up to $650 million in State discretionary programs. So far, 300 localities have been certified, with more than 420 submitting letters of intent from all corners of New York State. To further support localities that are doing their part to address the housing crisis, Governor Hochul is creating a $100 million Pro-Housing Supply fund for certified Pro-Housing Communities to assist with critical infrastructure projects necessary to create new housing, such as sewer and water infrastructure upgrades.

    Provide Communities Technical Assistance to Become Pro-Housing
    Without resources, some communities may not have the ability to design and adopt pro-housing policies such as master plans, zoning text updates, and streamlined permitting procedures. To help ensure more localities that want to promote housing growth have the ability to do so, Governor Hochul will provide $5.25 million in new grant funding to offer technical assistance to communities seeking to foster housing growth and associated municipal development.

    $1 Billion in State Funding for New York City To Secure “City of Yes”
    As New York City confronts a generational housing crisis with a 1.4 percent rental vacancy rate, the citywide rezoning will enable the creation of 80,000 new homes over the next 15 years and invest $5 billion. As part of Governor Hochul’s FY26 Enacted Budget, the State is investing $1 billion towards the development and preservation of affordable housing throughout New York City.

    Strengthening Investment in Communities

    Launch New York State’s First Mixed-Income Revolving Loan Fund
    With major forthcoming economic investments in Upstate New York, such as Micron’s $100 billion investment in Clay, the state continues to need an all-of-the-above approach to the housing supply to address acute housing needs and accommodate job growth. Too often, however, communities do not have the tools to create mixed income rental housing, leaving many developments permit-ready but unable to secure financing. To bridge this gap and unlock more housing, Governor Hochul is launching the State’s first revolving loan fund to spur mixed-income rental development. With a $100 million State investment for upstate and New York City, the fund will fill construction financing gaps by providing a lower-cost and more flexible form of capital than is generally available in market financing. The funding will revolve and self-sustain over time through repayments once projects have converted to permanent financing after construction.

    Double New York State Low Income Housing Credits
    Modeled after the federal Low Income Housing Tax Credit Program, the New York State Low Income Housing Tax Credit Program (SLIHC) was signed into law in 2000 and has been critical to supporting the development of housing for low-and middle-income households. Governor Hochul will build on this success by proposing to double the amount of the tax credits available through the SLIHC program, making it the largest state low-income housing tax credit program in America. This action alone will generate upwards of $210 million in private investment in affordable housing per year.

    Unlock Historic Tax Credits by Decoupling and Expanding Eligibility
    Currently, New York State law requires Federal and State Historic Tax credits to be coupled together to the same investor and be available only in certain census tracts. These factors depress the economic value of both tax credits and needlessly turn investment away from housing projects, a problem felt especially acutely in upstate New York communities. Governor Hochul’s budget agreement will unlock the maximum value of the tax credits and eliminate the census tract eligibility requirement.

    Empower Communities to Redevelop Vacant Properties Into Housing
    Many municipalities struggle to acquire and redevelop vacant and abandoned buildings. Many of these properties are in a significant state of disrepair due to years of neglect and are located in neighborhoods that lack the local economic conditions necessary to incentivize redevelopment by the private sector. Consequently, the investment required to redevelop these properties can exceed their value and the resulting funding gap prevents the property from being rehabilitated. Governor Hochul will better equip communities to fight back against blight while creating more affordable housing opportunities, by securing agreement to authorize localities across the state to adopt a tax exemption to incentivize redevelopment of these properties into affordable homes. The budget also includes $50 million in total funding for Land Banks and $30 million for Infill development.

    Protecting Housing Affordability

    Housing Access Voucher Program Pilot
    As part of the FY26 Enacted Budget, Governor Hochul is investing $50 million for the first year of a four-year pilot program for state-funded vouchers for homeless families or families at imminent risk of losing their housing. Vouchers would be available to households making 50 percent of area median income. HCR will administer the program through local partners outside of New York City, with the NYC Housing Preservation and Development (HPD) and/or the New York City Housing Authority (NYCHA) administering the program within New York City. The vouchers will be a critical new tool to help New Yorkers escape or evade homelessness and housing insecurity.

    Reduce Shelter Rent Taxes for Mitchell-Lama Residents
    Mitchell-Lama Program supports 105,000 units of housing that are affordable to low- and middle-income families. Currently, Mitchell-Lama developments can receive a shelter rent tax abatement to reduce their share of local property taxes. However, the current tax abatement is often insufficient to address escalating increases in insurance, utility, and taxes that endanger building quality and the financial health of this critical supply of affordable housing. To provide much needed relief, Governor Hochul’s budget agreement includes legislation that will reduce Mitchell-Lama shelter rent taxes by at least half in New York City and allow for the same by local opt-in in the rest of the state.

    Preserving Public Housing Statewide
    As part of the budget, Governor Hochul has secured $225 million to fund capital improvements for the New York City Housing Authority (NYCHA), including $25 million for vacant NYCHA units, and $75 million public housing authorities outside New York City, providing vital support to this essential housing stock and critical quality of life improvements for the residents who call it home.

    Expand Capital to Maintain and Improve Supportive Housing
    The Homeless Housing and Assistance Program (HHAP) was among the first programs in the country more than four decades ago to dedicate significant capital resources to creating housing, including permanent affordable and supportive housing, specifically for homeless individuals. Tens of thousands of units have been built since its inception, and today, requests for funding exceed what is available. To meet the growing demand for supportive housing and maintain existing units that provide a safe place to live for many of the most housing insecure and vulnerable New Yorkers, Governor Hochul has secured an increase in funding for HHAP.

    Increase Funding for Supportive Housing
    Governor Hochul has made landmark investments to expand supportive housing across New York State, recognizing that stable housing is the foundation for stable health and a stable life. Providers of supportive housing utilize two key State-funded programs to provide vital services to tens of thousands of New Yorkers, such as people with serious mental illness and substance use disorders who would otherwise be homeless. The Empire State Supportive Housing Initiative (ESSHI) has financed the supportive services and operating costs of over 9,600 units of safe and permanent housing for individuals and families in need, and the New York State Supportive Housing Program (NYSSHP) supports over 20,000 people living safely and stably in affordable housing. However, providers of supportive housing have not been immune to the impact of rising costs, which threatens future housing acquisition and their ability to provide the supportive services that make these programs unique and successful in helping people to remain stably housed. To ensure that New York State’s supportive housing stock and services remain viable and accessible to those who need them most, Governor Hochul has secured increases to take steps to stabilize both programs.

    Extend Security Deposit Protections to Rent-Regulated Tenants
    In 2019, New York State provided market-rate tenants statewide with protections for security deposits, including requiring the return of remaining security deposits within 14 days of vacating the unit and allowing tenants to request an inspection to determine what needs to be remedied to receive a security deposit back in full. Rent-regulated tenants were erroneously left out from receiving these important protections. The Governor has secured agreement to grant rent-regulated tenants the same protections for their security deposits as all other tenants.

    Preserve Expiring Affordable Housing in New York City
    The FY26 Enacted Budget includes legislation that would allow for certain large 100+ unit rental buildings in New York City that currently include affordable units to partially convert to condominiums in order to preserve its expiring affordable units as permanently affordable or increase the amount of existing permanently affordable units in a building. The conversions would be subject to approval by HCR or NYC HPD and have ongoing regulatory oversight over the affordable units, which would be owned by separate nonprofits. The New York State Attorney General’s office would further have an oversight role in approving the conversions. The affordable units could subsequently convert to affordable homeownership units, as well. This legislation is meant to help preserve affordable housing supply that would otherwise be lost when tax breaks expire, or increase the supply of existing permanently affordable units, while also increasing
    omeownership opportunities.

    Help Affordable Housing Access Captive Insurance to Lower Costs
    Insurance costs for affordable housing have skyrocketed, with many owners reporting paying higher premiums for less coverage and renters bearing an increasing share of costs. In recent years, private insurance captives, which are similar to self-insurance and allow for tailored risk management, have been created specifically for affordable housing owners. However, these insurance captives often have eligibility standards for participation, which nonprofits may struggle to meet. Governor Hochul will provide assistance to nonprofit affordable housing owners to undertake repairs and other steps needed to be eligible for such captives.

    Additional Capital Investments
    In addition to advancing these critical policy actions, the FY 2026 Budget includes more than $1.525 billion in new capital funding to support housing statewide, including but not limited to:

    • $225 million for capital improvements of New York City Housing Authority developments.
    • $110 million for capital improvements for Mitchell-Lamas.
    • $75 million for capital improvements of public housing authorities outside of New York City.
    • $100 million for mixed income revolving loan funds; $50 million for upstate and $50 million for New York City.
    • $40 million for Land Banks to redevelop vacant or abandoned properties.
    • $40 million for capital awards to upgrade vacant rental units outside of New York City.
    • $30 million for Infill Housing to fund development of small homes within unused and underutilized lands with existing development patterns.
    • $20 million to preserve distressed affordable housing in New York City.
    • $10 million for capital improvements of rural housing subsidized by the Federal USDA 515 program.
    • $10 million for small multifamily rental developments (SRDI).

    MIL OSI USA News

  • MIL-OSI USA: Making Community College Free for Adult New Yorkers

    Source: US State of New York

    overnor Kathy Hochul today signed new legislation as part of the FY26 Enacted Budget to make major investments and enact initiatives to increase access to higher education. This legislation creates new pathways for free community college and takes key steps to expand access to financial aid and invest in State University of New York and City University of New York campuses.

    “When my dad got his college degree, our family’s life was changed forever – I want every New York student to have that opportunity,” Governor Hochul said. “I am proud to announce that with the passage of this budget, New Yorkers now have the chance to pursue a free associate degree at SUNY and CUNY community colleges to help fill the in-demand jobs of tomorrow.”

    Free Community College in High-Demand Occupations

    The FY 2026 Budget provides $47 million ($28.2 million SUNY, $18.8 million CUNY) to cover the remaining cost of tuition, fees, and books for community college students ages 25-55 pursuing select associate degrees in high-demand occupations, including nursing, pathways into teaching, technology and engineering.

    Investments in SUNY and CUNY Campuses

    The FY 2026 Budget provides $307 million in new State support for SUNY State-operated campuses ($138 million) and CUNY senior colleges ($169 million). This funding includes:

    • $244 million in general operating support ($114 million SUNY, $130 million CUNY)
    • $22 million in increased funding for university employee fringe benefits at CUNY
    • $20 million for ACE and ASAP, which support academic and career advisement, tuition grants, textbooks, and transportation costs ($12 million SUNY, $8 million CUNY)
    • $15 million in artificial intelligence investments ($10 million SUNY, $5 million CUNY)
    • $2 million for the CUNY School of Labor and Urban Studies
    • $1.5 million for the CUNY Mexican Studies Institute
    • $1 million for the Regional Gun Violence Research Consortium at SUNY
    • $750,000 for the First Responder Counseling Scholarship Program at SUNY.
    • $250,000 for the Carol Robles Román Scholarship at CUNY

    In addition, the Budget provides SUNY Downstate with $100 million of operating support, for a total of $200 million over two years.

    The Budget also provides SUNY and CUNY with significant capital investments:

    • $433 million for research facilities at SUNY state-operated campuses ($300 million) and CUNY senior colleges ($133 million)
    • $979 million for other projects at SUNY state-operated campuses ($610 million) and CUNY senior colleges ($369 million)
    • $900 million for modernization and revitalization of SUNY hospitals ($450 million each for Upstate Medical University and Downstate Medical University)
    • $166 million for community colleges ($131 million SUNY, $35 million CUNY)
    • $25 million to establish the Green Energy Loan Fund at SUNY

    Part-Time TAP Program

    The FY 2026 Budget consolidates the three existing State financial aid programs for part-time students, expanding eligibility for part-time TAP to students taking a minimum of three credits per semester, down from six. This builds on Governor Hochul’s historic expansion of the Tuition Assistance Program in the FY 2025 Enacted Budget.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Thompsons Lecture: Employment law and the fundamental right to security

    Source: United Kingdom – Executive Government & Departments

    Speech

    Thompsons Lecture: Employment law and the fundamental right to security

    On Thursday 8 May 2025, the Attorney General Lord Hermer KC delivered the Thompson Foundation Lecture on “Employment law and the fundamental right to security”

    Introduction

    Thank you very much for this opportunity to celebrate the remarkable legacy of Thompsons Solicitors, a firm that has been a beacon of justice for over a century.

    One of the features of my new life in government is that you are often give a very clear steer about what you have to talk about, so it was a particular pleasure to be invited to give a lecture with no title, and no particular ask as to what I should talk about at all – so let me thank you all for accepting an invitation to a lecture in which I suspect you have no idea at all about what I am about to say.

    In the first days of government, the Prime Minister, in an article entitled ‘Our Government of Service’, set out how the first obligation of government is to provide security to those that they serve. By security, Keir, was not limiting himself to the military defence of our country but also security in the wider sense – drawing on his own life experience, Keir described seeing the security that his parents derived from having their own home, a pebble-dashed semi in Oxted – the security and dignity that comes with a key to your own home. But Keir went on to say this “It’s not just security at home that matters, but security at work. That’s why we will level-up rights at work to deliver security and dignity for working people. It’s what they deserve.”

    The right to security is a fundamental human right, recognised in all the international human rights treaties which the UK has chosen to sign up to.

    It also underpins many of the Government’s missions in its Plan for Change, and that Plan for Change is premised on the central insight that effective protection of people’s right to security often requires positive state action to protect the vulnerable against the privately powerful. Security at work is a principle that the has been fought for by generations [Redacted political content] – they have time and time again taken on vested interests to secure basic rights for working people, often with the help of lawyers such as Thompsons.

    So, what I would like to do tonight is to seize this moment when the human right to security is central to the Government’s priorities and talk about the role that law can play in improving the security of working people in the workplace – how it plays a role as a standard setter for societal expectations of what is acceptable, what is not – what requires protection, and what does not.

    And I would also like to talk about the role of lawyers in ensuing that protective laws are applied effectively and consistently- as well as ensuring that those who break the law are held to account and those workers who suffer as a result are adequately compensated – and I want to exemplify this by taking as my central theme our current efforts to bring the Employment Rights Bill into law in the context of attempts by reforming governments of the past to bring in radical change for the benefit of the people of this country.

    This is, I hope both a timely theme and appropriate venue for such a talk.

    It’s timely because the Employment Rights Bill is currently winding its way through Parliament. This is I believe landmark legislation that will significantly advance the human right to security by fundamentally changing workers protections.

    Yet it is also legislation that faces sustained and alarmist criticism from sectors of society and our opponents in parliament who claim that (at best) it will curtail the UK’s competitiveness and (at worst) will bring the economy to a juddering halt. What I would like to do in part tonight is put these criticisms in their historical context – to show that these voices have always been present whenever reforming governments have sought to introduce progressive policies to make the lives of working people more secure but that these voices have consistently been shown to be misplaced.

    I also think that the Thompson’s lecture is the perfect venue to talk about how Government intends to change working life for the better. Founded in 1921 by the visionary civil rights lawyer, Harry Thompson (who also once lived in Oxted for which I thank Wikipedia), this firm has always championed the rights of the injured and mistreated. The firm is an inspiring illustration of how the law can be used as a powerful tool to protect and uplift working people.

    Driven by a profound commitment to social justice since its inception, Harry Thompson’s vision was clear: to create a legal practice that would serve as a shield for those who faced adversity and injustice. It has achieved this in large part through working in partnership with trade unions. The history of labour law in this country, the history of the establishment of the fundamental rights of labour to organise itself, the history of protections in the workplace and the history of the creation of employment rights, is the history of our trade union movement. That history is a source of immense national pride and Thompsons have realised a shared vision through partnership in tireless advocacy, groundbreaking legal victories, and unwavering dedication to the cause of justice and fairness.

    My own connections with Thompsons extend back decades to my early years at the Bar. When I started at the Bar, instructions from Thompsons were a form of golden ticket to not only legally interesting cases but ones that made real differences to people’s lives.

    To just pick two examples of cases that will always stay with me – Mick Antoniw, then a partner in the Cardiff office, now an Member of the Senedd and former Counsel General of Wales, instructed me to work with him on a tragic case of a 17 year old, Daniel Dennis, who on his very first day of work was sent up to work on a roof of a warehouse in Cwmbran without training or safety equipment. Daniel fell to his death and Thompsons worked tirelessly to ensure justice for his family, overcoming a deeply disappointing and unfair inquest result, successfully judicially reviewing a CPS decision not to prosecute his employer leading eventually to his conviction for manslaughter of that employer. Working in partnership with a bereaved family, Thompsons took on the company, took on the coronial system, took on the CPS in a successful fight for justice and it was a privilege to be part of it.

    In another case, I was instructed by Thompsons to represent the family of a young council workers, Ryan Preece and Robert Simpson, who had been sent down into the sewers in Crymlyn Burrows near Swansea to unblock drains only to be overcome and killed by fumes. A long inquest and subsequent civil claims including a group action showed that the cause of death was exposure to a covered-up spill from a nearby chemical factory – a coroner’s jury after many days returned an unlawful killing verdict and the company were forced to pay compensation, and Local Authority employers pleaded guilty to offences under the Health & Safety Act. It was a long, hard legal battle fought for the seemingly powerless against large vested interests who at one stage would have appeared invincible – the type of work for which Thompsons is famed and no doubt of which Harry Thomspon would have been proud. This was in the late 1990’s and I was instructed by a young, brilliant and utterly committed solicitor at Thompsons by the name of Jo Stevens, now a cabinet colleague and Secretary of State for Wales – applying those same qualities in her new job to the benefit of all of us.

    Enough of the reminiscing – let me turn to the substance of tonight’s talk.

    The Employment Rights Bill –

    As we know all too well, more than four million people in the UK are in precarious employment, with over one million employed on zero-hours contracts. Millions more lack access to proper sick pay schemes, leaving them vulnerable and unsupported in times of need.

    Wage growth under the previous government was worse than any other period since the 1920s. This stagnation has had a profound impact on our collective living standards, making it harder for working families to make ends meet.

    The government is now taking significant steps to address these issues through the introduction of new workers’ rights laws via the Employment Rights Bill, as I said, currently being debated in Parliament.

    This plan to make people’s lives less precarious, by making work pay, was developed in collaboration with both unions and business and as our Deputy Prime Minister Angela Rayner said, on the Bill’s introduction, this is the biggest upgrade to rights at work for a generation, boosting pay and productivity with employment laws fit for a modern economy.

    It is a long, hugely ambitious Bill whose impact reaches across many aspects of working life and working conditions, so I will not dwell on every aspect but allow me to highlight some particular measures:

    As an aside, time and time again, there are some people saying we aren’t doing anything to help real people. As I was typing away at this speech, I reminded myself of how excellent this Bill is.

    First are a raft of measures designed to provide far greater guarantees for working people – addressing the scourge of the lack of security that so many in our society feel from zero hours contracts, lack of guaranteed hours, lack of day-one rights etc, standards that most would consider reflect basic decency. The Bill will:

    • introduce new rights to guaranteed hours, reasonable notice of shifts and compensation payments for shift cancellation, and for movement and curtailment at short notice for those on zero and other specified contracts
    • provide a right to request flexible working, remove the waiting period and lower earnings limit which apply in relation to statutory sick pay and strengthen protections in relation to tips and gratuities.

    Second the Bill will address the economic inequalities faced by women at work, manifested through higher levels of poverty and lack of financial independence, which evidence shows are linked to another area of government priority namely addressing violence against women and girls.

    The Bill:

    • provides a right to parental leave from day one of employment. It introduces provisions to require employers to take all reasonable steps to prevent sexual harassment at work and to prevent harassment at work by third parties.
    • It’ll make sure whistleblowing protections are extended to apply to disclosures relating to sexual harassment.
    • It introduces workplace support for women going through menopause

    Third, the Bill will modernise trade union legislation giving trade unions greater freedom to organise, represent and negotiate on behalf of their workers. This includes:

    • Repealing the Strikes (Minimum Service Levels) Act 2023, a punitive piece of legislation that set trade unionists’ rights back decades.
    • Strengthening trade unions’ right of access, including providing for digital access, allowing unions to operate more effectively.
    • Simplifying the trade union recognition process, including providing better access arrangements for unions and dealing more effectively with unfair practices.
    • Introducing new rights and protections for trade unions representatives.
    • And finally introducing a duty for employers to inform workers of their right to join a trade union. This is vital, because employers should not withhold information from workers that grants them greater protection- which joining a union does

    Fourth, is a point of critical importance – though under-reported – is the focus on enforcement of these new rights. The Bill will establish the Fair Work Agency, which will bring together the enforcement of domestic agency rules, the National Minimum Wage, licensing of gangmasters, and action against serious labour exploitation. It will also take on additional functions such as the enforcement of holiday pay. Its new powers will allow it to investigate, inspect and take action against businesses that are flouting the law. These include powers to investigate a wider range of cases of labour abuse, issue penalties, and bring cases to the employment tribunal on the behalf of workers.

    If delivered in full, this bill will benefit over 10 million workers, including many on low incomes. This is not just about improving individual lives; it’s about creating a fairer, more just society where all of us has the opportunity to thrive, and the privately powerful cannot exploit the vulnerable.

    The reaction to the Bill has been for the most part extremely positive. YouGov polling showed that 68% of the country were in favour of banning zero hours contract, 65% want to see the right to work flexible hours expanded and 62% are in favour of employment protections from day one. The reaction from business was also supportive – for example the Chief Executive of Centrica said this: “This isn’t just the right thing to do – its a foundation for the high growth, high skill economy the UK needs. While no one business has all the answers, our experience [at Centrica] show that our business thrives when our people thrive – so stronger rights for workers means stronger businesses, and that’s a win for everyone.”

    The Pushback

    Yet – although this Bill is self-evidently for the benefit of millions of working people, the reaction to it in some quarters has taken an often apocalyptic/feverish tone.

    A recent newspaper headline trivialised the significance of this Bill in ordinary workers’ lives, declaring that the Government believes a “Pub ‘banter ban’ is needed so anxious staff can feel safe at work […] and warned it could let workers ‘sue employers for hurt feelings’.”

    This, it turns out, refers to the Bill’s requirement that employers to take all reasonable steps to prevent harassment of their staff by third parties.

    An opposition peer claimed that the “Workers’ rights bill will bring back ‘chaos of the 1970s’.” The Institute for Economic Affairs says that the Bill would stifle economic growth while hurting the very workers the Bill intends to protect. This is scaremongering, again seeking to distract from the benefits that workers stand to gain.

    There has been some concern about the costs involved and of course I recognise that is entirely legitimate for business leaders to seek detail on what changes mean for them.

    But the answer to this, as very many businesses big and small appreciate, is that improving worker well-being, reducing workplace conflict, and creating a more level playing field for good employers has the effect of increasing productivity – and we consider will lead to benefits worth billions of pounds a year. To give an insight on this, the Bill as I have described seeks to make work a safer and better place of work for women – obviously vitally important in itself but with huge potential impact on our growth agenda in the context of evidence showing that an increase in employment of women by 5% adds £125billion a year to the economy. That type of benefit is why as TUC research shows there’s strong backing among managers for better workers’ rights – a clear majority believe they will improve workforce retention, profits and productivity.

    But despite the values in this Bill, despite the evidence of positive impact on working people’s lives and on productivity –– there are those on the opposite benches in parliament who continue to claim that the Bill will be a drag on the economy.

    Then: resisting progressive legislation

    As a history graduate, I have a natural bias in believing that contemporary problems benefit from analysis in their historical context. Here, it is not simply interesting but instructive to see how the current criticisms of the Bill mirror attacks on earlier reforms to the improve the lives of working people. That is because it demonstrates that not simply were past reforms not nearly as damaging as the doomsayers predicted, not simply did they markedly improve the lives of millions of working people, but they were actually stimulants rather than drags on the economy.

    The history of social reform, legislation aiming to give ordinary people the most basic of rights, is littered with examples of doomsaying – that they would crash the economy or give rise to any number of social ills. Criticism in almost exactly the same terms as today and equally as misplaced.

    Let me start with an Act that predates the formation of the Labour Party, indeed was passed by the conservative government of Lord Salisbury, namely the Workmen’s Compensation Act 1897 a landmark British law that established the principle of employer liability for workplace injuries irrespective of fault and mandated insurance in place to pay for compensation.

    The 1897 Act covered industrial workers, including those in railways, mining, quarrying, factory work, and laundry work – work in which safety standards were minimal and the rate of injuries high – at a time in which injured workers and their families had no meaningful support from the state – indeed it was still 30 years still before the abolition of the poor house .

    And yet, the introduction of the legislation met opposition painting a dystopian picture of the consequences of compensating workers irrespective of fault – in particular an argument was advanced that it would lead to a massive drop in production because it was feared workers would deliberately chose to injure themselves in order to receive compensation. The Mining Association particularly objected to being, in their own words ‘selected for an experiment in legislation of the most novel and revolutionary character’.

    The argument made by one Geoffrey Drage MP, to understand the level of outrage in the House of Commons. Drage was a former secretary of the Royal Commission on Labour Relations and in the parliamentary debate listed issues that had arisen when a similar bill was passed in German. In short, Drage believed that to give a right of compensation would lead to endless false claims from workers and the massive reduction in productivity – in other words, workers were simply not to be trusted with basic rights.

    First, Drage said there had been “a remarkable increase in the number of industrial accidents in Germany” as “the working men showed increased carelessness, and, what was far more serious, an amount of negligence and malingering hitherto absent”.

    Second, he argued that “The workman in Germany had shown no scruples in preying on the [insurance] funds.” Drage suggested these new insurance schemes created an “extreme resentment” amongst the working classes if there were any delays or refusals for payouts, and in a lie echoed by the IEA today that “in the long run, the expense would be borne by the working classes, either as wage-earners, or as consumers, or as taxpayers.”

    Finally, Drage warned “that employers would not subscribe to charitable purposes so liberally as before” and that “a scheme of this kind would press heavily on the small employer, who was gradually being crushed out of existence.”

    In summary, the London Evening News (11/05/1897) recorded Geoffrey Drage’s views as denouncing the Bill “as a measure destructive of social peace in the industrial world.” All of this, scaremongering and hyperbole in response to the proposal that injured workers should have a right to compensation in an economy with no social safety nets beyond the Poor House.

    The Trade Boards Act 1909 represented a state-driven effort to control low pay, the first for virtually a century. It is a fitting Act to recall on VE day because it was introduced by the then President of the Board of Trade, Winston Churchill who when introducing the Bill said “it is a serious national evil that any class of His Majesty’s subjects should receive less than a living wage in return for their utmost exertions”. That’s 1909. The Bill established trade boards with the authority to set legally enforceable minimum wages.

    These boards consisted of representatives from workers, employers, and appointed government members – somewhat revolutionary when one considers that the Act came into force only a few decades after collective bargaining and strike action were finally decriminalised.

    So trenchant was the criticism of the Boards and the introduction of a power to set minimum wages that the Government set up the Cave Commission at which some employers argued that the Boards were the source of huge economic damage – as the Labour MP Rhys Davies noted in the House the arguments were akin to those where employers in the cotton mills of Lancashire used to say, nearly a century ago, that if you took away children of eight and ten years of age from the textile industry, that industry could not possibly be carried on at a profit, and the statements made by employers, particularly in the distributing and allied domestic trades, before this Cave Commission, are just of that type which are made from age to age by bad employers in all parts of the world

    By way of aside, then, as now, immigrants received much of the blame for stifling economic opportunities for domestic workers. In what was not, I suggest a high point for a trade union leader, John Burnett’s report on London’s East End, stated that Jewish immigrants, through their competition for work, reduced native labour to the verge of destitution. I pause to reflect that very few contemporary political moments do not have political and historical resonance.

    More surprising still for contemporary tastes is the opposition mounted to the Equal Pay Act 1970, ground-breaking legislation that I am sure for many of us here will be forever associated by the late, great Labour giant, Barbara Castle.

    It came into full effect in 1975, laying the groundwork for further advancements in gender equality and a precursor to the more comprehensive Equality Act 2010. The notion that women should receive equal rights in the workplace was not simply opposed by many, but was portrayed as a threat to very existence of ordered society.

    I quote directly from Martin Maddan MP in the Commons:

    If we invest highly in the training of all women, will there then be pressure on those women to continue their careers rather than to have children?” … “There is evidence that working mothers, especially those working full-time, may become less sensitive to the emotional and psychological, as well as the physical, needs of their children… Today’’s grandmothers are used to looking after children all day. What will be the position with tomorrow’’s grannies who have not devoted themselves to looking after children?

    Similarly, the implementation of minimum wage legislation in the 1990s was fiercely contested by employers who predicted economic ruin and job losses.

    A choice headline from the Daily Express in May 1998 shouted:

    Bosses wage war” – Jobs will be lost if a national minimum wage is brought in, bosses warned yesterday. Small firms groups said staff in pubs, petrol stations and the textile industry would face lay-offs. Industry chiefs and Tory MPs also warned that the figure of £3.60 an hour, proposed by the Low Pay Commission, could stoke inflation.

    The CBI argued until 1995 that a minimum wage – even if low – would create major problems for wage structures in a wide range of companies and destroy opportunities. That hasn’t aged well.

    [Redacted political content]

    So, despite dire warnings, the minimum wage has proven to be a success, raising living standards without the predicted negative impacts on employment. And it was a great moment last month to be part of a Government where we were able to raise the national minimum wage by £1,400 a year for a full-time eligible worker and a record cash increase for young workers and apprentices.

    Takeaways

    This is no more than a light touch review that can never aspire to even begin to do justice to the two hundred plus years of the modern struggle to establish basic labour rights in this country, the right to a union, the right to collective bargaining, the right to fair wages, the right to be safe in the workplace, the right not to be discriminated against in the workplace – and indeed the associated struggles to create, through law, the welfare state to support those unable to work through reasons of injury, infirmity, age or in times of economic hardship. At each turn these have been opposed, as now, by forces that sought to paint them, as existential threats to the economy and or our way of life, developments now accepted as having been of enormous benefit to the wealth as well as health of the nation.

    Let me then turn to this history of success in face of fierce opposition and seek to draw out five observations about the nature of law in the protection of working people, about the role of lawyers and finally to outline the political moral underpinnings of what the current Bill represents in the context of what has come before it.

    My first observation is how law, specifically in the form of legislation can radically change for the better what we as a society consider to be acceptable behaviour – it lifts us up and sets standards. Of course, there will always be a wide variety of reason why societal attitudes change over time but legislation is most certainly capable of playing its role. Here the struggles of the trade union movement, realised in the last 100 years most materially by Labour governments, has been to legislate in order to entrench into society standards of behaviour that at the time may have seen radical, indeed revolutionary but shortly thereafter were accepted as little more basic rights.

    The coming into force of these laws has of itself helped inform and change societies conception of what is right and what is wrong in the workplace. In the classroom this would be defined as a normative theory of law – how legal frameworks help set standards – it’s real world application has led to a fundamental change about how we perceive the nature of work and the value we attach to labour and the protections that working people must be afforded as part of their rights.

    My second observation is how this system of laws has brought enormous practical benefits to ordinary working people – drastically improving the quality of life for millions.

    It is at once inspiring and instructive to remind ourselves of the breadth of the ambition of those who brought in these fundamental transformations – the changes wrought by Unions, politicians and campaigners from fighting for the rights of their members, to ensure that people earned enough for their labour to live in dignity, to ensure equality in the workplace, to ensure that that workplaces were safe – these are measures that have had a profoundly positive impact on the quality of life for millions.

    To give one example, The Health and Safety at Work Act 1974, was brought in the wake of the Aberfan disaster, introduced by Michael Foot. It’s success can be measured in a very simple metric, namely the lives and limbs saved: since 1974 occupational deaths and injuries have decreased by over 75%. Considering economic and occupational changes, fatalities at work have declined from 2.9 per 100,000 workers in 1974 to 0.42 per 100,000 workers in 2023-24. The simple fact is that legislation saved lives, limbs, sight and hearing.

    Of course there will always be push back – there will be those who argue that health and safety laws place an unnecessary burden on the economy. Yet, having acted for victims of the Grenfell Tower disaster I was struck how what seemed like a growing trend amongst some sectors of society to mock and ridicule ‘health & safety’ came to an abrupt stop on the night of 14 June 2017. It provides a cruel, stark but unanswerable example of the importance of compliance with health and safety laws and its measured by the converse – the tragic consequences measured in human life when we do not.

    My third observation is the essential role played by lawyers such as Thompsons and many others in the enforcement of this legislative framework and the work that they do to ensure accountability for victims of violations of those laws. A good legal framework is only half the battle – without legal professionals dedicated to ensuring through public law that laws are upheld and rights defended, without legal professionals ensuring through private law that those injured by failures to comply with obligations are adequately compensated then those laws risk becoming ineffective. A right without a remedy is no right at all – and the essential job of labour lawyers, employment lawyers and personal injury lawyers for generations has been to ensure that working people’s hard won legislative gains are capable of vindication and a determined effort to ensure that common law keeps step – the work of these lawyers is an essential part of the system.

    My fourth observation draws from the history of the struggle to secure rights for working people and the determination to deliver notwithstanding the opposition faced. That spirit of determination, to effect real positive change in the lives of millions of people in this country, is what drives this Government to place the Employment Rights Bill at the centre of our agenda of change. Of course we want to make the Bill as good as possible, of course we are not as arrogant to think that every criticism of the Bill during its passage through Parliament has to be dismissed out of hand – but nobody should underestimate on our single minded determination to deliver, borne out of a belief that the changes we seek to bring about will make a real difference to the lives of those we serve.

    None of this I stress should be taken in any sense as being anti-business. To the contrary, under Keir gone are the days in which there was a binary choice between labour and business.

    I passionately believe that good employers recognise, even as matter of enlightened self-interest, that laws which protect the fundamental rights of their workforce are a source of good and lead to greater not less economic productivity. Similarly, I think it is well understood in the labour movement that this country needs an environment in which business flourish, our economy grows and investment flows. Thus we are advancing this package of ambitious change in the Bill at the same time as, and complimentary to, the ongoing work of Rachel Reeves and Jonny Reynolds to boost economic growth and attract investment – in a week we got two trade deals and a Bank of England cut in interest rates. The country has an incredible offer to investors – we are a stable democracy at a time of global uncertainty, we have one of the most advanced economies in the world and are well placed to lead in a changing world not least in AI and green technology, whilst at the same time, as our intervention in Scunthorpe demonstrated, a will not hesitate to act to protect vital parts of our infrastructure.

    A workforce whose fundamental rights are protected by law is a boon to an economy – an economy in which people feel valued, in which legal protections reflect the values in which they are held, is far more likely to be a strong and resilient economy.

    My fifth and final observation is to reflect upon the motivation and principles that lie behind our determination to introduce this Bill which brings me back to the central importance for this Government of the fundamental right to security for the people of this country. The measures are of course about securing increased justice and equality in the workplace but underlying this is a profound belief in the dignity of every human being and an understanding that the role of the State is to ensure that each person is accorded dignity in all aspects of their lives, including where necessary by regulating private power, not least in the realm of employment.

    Our belief in the dignity of each person is also mirrored in our anger at how so many are mistreated in the workplace disdainfully, patronisingly, without respect, belittled and bullied. This belief in the dignity of all drives our determination to ensure that every person is afforded the opportunity to work, that we have the opportunity to realise our potential at work, that we are employed in decent, safe workplaces, that we are protected from exploitation and discrimination and that we are paid a fair wage. We go further – this Bill is designed to empower people to flourish in our workplaces. It recognises that the workplace is one of the most important domains in British citizens’ lives, where we will spend most of our time, and we should be able to flourish in this setting as we do with our families and in our communities.

    The promotion and protection of the dignity of all of us lies at the heart of what the labour and trade union movement fought for decade upon decade.

    As the ILO Constitution puts it, we have “a right to pursue our material well being and spiritual development in conditions of freedom and dignity, of economic security and equal opportunity.”

    [Redacted political content]

    So, to draw all these points together–- A belief in the dignity of all, a commitment to giving practical effect to the human right to security, a sense of boiling anger when those around us are not treated with dignity and respect – and a steely determination to do something about it.

    These are the qualities that no doubt inspired Harry Thompson to create this great firm, that inspired the Trade Union and labour movement to effect fundamental change in society and will continue to be a guiding force for this Labour government, this government of service, in creating the change that this country needs.

    Updates to this page

    Published 9 May 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: McClellan, Whip Clark, and House Democrats Offer Solutions to Improve Child Care Access and Workforce Amid Republican Assault on Early Education

    Source: United States House of Representatives – Congresswoman Jennifer McClellan (Virginia 4th District)

    Washington, D.C. – Today, Congresswoman Jennifer McClellan (VA-04) joined Democratic Whip Katherine Clark (MA-05) to reintroduce the Child Care Infrastructure Act and the Child Care Workforce Development Act, two bills that address America’s child care crisis with robust investment in early learning facilities and early educators. The bills would build more classrooms, hire more teachers, and in turn, decrease costs for providers and parents. The legislation is co-led by Representatives Suzanne Bonamici (OR-01), Jimmy Gomez (CA-34), Brittany Pettersen (CO-07), and Jill Tokuda (HI-02).

    Since taking office, Donald Trump and Republicans have attacked programs that help families access child care and help lower costs for parents. Within days of being inaugurated, Trump cut off funding to Head Start providers, which was quickly reversed after Democrats and the American people spoke out. Since then, the Administration has closed five of the ten Department of Health and Human Services regional offices that help local grantees administer Head Start programs and has plans to defund early childhood education research that promotes quality care. Last week, Trump introduced his budget request for Fiscal Year 2026, which defunds the Child Care Access Means Parents in School (CCAMPIS) program that provides child care to parenting students, and eliminates the Preschool Development Grants Birth through Five (PDG B-5) program that helps states improve and expand early childhood care for young children. 

    “As one of the few Members of Congress with young children, I understand that early childhood lays the foundation for a child’s development, and I know just how tough it is to find high-quality, affordable child care,” said Congresswoman McClellan. “That’s why House Democrats push for real solutions to ease this financial burden on American families. I appreciate Whip Clark’s commitment to tackling this crisis in introducing the Child Care Infrastructure Act and the Child Care Workforce Development Act — two critical bills that will strengthen federal support for the child care system and encourage more providers to stay in this vital field.”

    “It is outrageous that families across America are going into debt to pay for child care,” said Whip Clark. “Today, we are introducing this pair of bills to build more classrooms, recruit more educators, and help reduce costs for child care providers and parents. While Republicans focus on tax cuts for the wealthy, House Democrats are putting forward serious solutions to make life easier and more affordable for families. It’s long past time my Republican colleagues start paying attention to families back home and stop listening to their billionaire donors.” 

    “Affordable, quality child care should be available to all families with children, but it remains out of reach for too many,” said Congresswoman Bonamici. “These two bills will make overdue investments in our child care system to improve child care facilities and better compensate the dedicated early childhood educators who help kids learn and grow. I’m grateful to partner with Whip Clark in this important work.”

    “Affordable child care helps working parents keep their kids safe while they go to work to provide for their families. As a dad and founder of the Dads Caucus, I know how tough it is to find affordable, quality child care — especially in communities with few options,” said Congressman Gomez. “While House Republicans continue to ignore the child care crisis, I’m working with Whip Clark and my colleagues to tackle it head-on. Our legislation would build more classrooms and help more people become early educators, so every child gets a strong start.”

    “As a working mom of two boys, I know firsthand how difficult it is to find affordable child care – and the problem is even worse in rural communities,” said Congresswoman Pettersen. “For both of my kids, I was put on long waitlists until a spot opened up. We’re some of the lucky ones – we could afford care and don’t live in a child care desert. But I know far too many families who aren’t as fortunate. That’s why I’m proud to work with Whip Clark to reintroduce these two pieces of legislation that will bolster our child care workforce, help lower costs for parents, and ensure every family can access the care they need for their children to thrive. While Republicans and Trump push tax breaks for billionaires and millionaires and try to gut the care families rely on, I’ll keep fighting back – because child care is one of the best investments we can make in our kids and our future.”

    “As a mother, I know the tough choices working parents face when it comes to finding affordable, quality child care. Constant threats by the Trump Administration to dismantle vital programs like Head Start and Preschool Grants will rob children of early education, nutrition, and services that are foundational to a child’s development,” said Congresswoman Tokuda. “I’m proud to join Whip Clark in reintroducing the Child Care Infrastructure Act and the Child Care Workforce Development Act, which will deliver more resources for working families. We need to ensure every child gets a strong start in life and that every parent has the means to support their family.”

    The Child Care Infrastructure Act would:

    • Establish a grant program at HHS to award grants to states for the purpose of constructing new or renovating existing child care facilities to help build child care capacity and ensure safe early learning facilities for children. The bill also requires a needs assessment of the condition of child care facilities throughout the U.S. financial institutions or other organizations that have demonstrated experience in developing or financing early care and learning facilities.

    The Child Care Workforce Development Act would

    • Create a student loan repayment program for early childhood educators and establish a program to provide grants to individuals pursuing a childhood development credential.

    Congresswoman McClellan is a champion for child care in Congress. Last Congress, she convened a child care roundtable with Senator Tim Kaine(D-VA) and joined Whip Clark and more than 70 House Democrats and 30 Senate Democrats to introduce landmark legislation to invest in the child care industry and stave off the child care cliff.

    MIL OSI USA News

  • MIL-OSI USA: CFTC Charges Syracuse, N.Y., Man, His Firm with Fraud, Misappropriation

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced it filed a complaint in the U.S. District Court for the Northern District of New York against Dean S. Dellas of Syracuse, New York, and his investment advisory company, DSD Capital Management, LLC, for fraud and misappropriation. 
    In its complaint, the CFTC seeks restitution, disgorgement of ill-gotten gains, civil monetary penalties, permanent trading and registration bans, and a permanent injunction against further violations of the Commodity Exchange Act, as charged.
    Case Background
    The complaint alleges Dellas and DSD Capital acted as commodity trading advisors who, from at least February 2021 through November 2023, committed fraud through material misrepresentations and omissions and misappropriation of more than $690,000 from at least two clients — a 61-year-old man (Client A) and his 91-year-old mother (Client B) — who had entrusted the defendants to manage their entire lifesavings. 
    The complaint alleges the defendants, who had complete authority over Client A’s accounts, entered into tens of thousands of futures transactions without warning him of the inherent risks. These trades incurred more than $169,000 in trading losses and commissions. The defendants concealed these losses and commissions from Client A, assuring him his accounts were doing well. Although the defendants agreed and represented they would only charge fees equating to 10% of profits, they took considerably more than they were entitled. Indeed, despite the significant losses Client A had suffered, the defendants misappropriated more than $235,000 from Client A by secretly transferring to themselves large sums of Client A’s money and fraudulently charging excessive, unjustified fees.
    The complaint also alleges after succeeding in defrauding Client A, the defendants expanded their fraud to Client A’s elderly mother, Client B. Without her knowledge, the defendants bought or sold futures contracts through Client B’s account tens of thousands of times, causing her to incur more than $196,000 in trading losses and commissions. The defendants actively concealed these losses from Client B and misappropriated more than $459,000 from her by transferring to themselves large sums of her money and fraudulently charging fees that were excessive and unjustified given the defendants’ promise to only charge fees equating to 10% of profits.
    According to the complaint, to keep their fraud ongoing, the defendants took various steps to conceal and obfuscate their conduct. Among other things, Dellas concealed the substance of documents he directed Clients A and B to sign and impersonated them in dealings with futures commission merchants.   
    Parallel Criminal Action
    On May 6, the U.S. Attorney’s Office for the Northern District of New York unsealed an indictment charging Dean Dellas with wire fraud and aggravated identity theft in connection with the same scheme alleged in the CFTC’s complaint. United States v. Dellas, No. 5:25-cr-184 (N.D.N.Y.), ECF No. 1 (indictment).
    The CFTC appreciates the assistance of the FBI and the U.S. Attorney’s Office for the Northern District of New York.
    The Division of Enforcement staff responsible for this case are Chrystal Gonnella, Dmitriy Vilenskiy, Derek S. Hammond, Jonah E. McCarthy, A. Daniell Ullman II, and Paul G. Hayeck.
    CFTC Fraud Advisories
    The CFTC has issued several customer protection Fraud Advisories and Articles about how customers can detect, avoid, and report scams.
    The CFTC also strongly urges the public to verify a company’s registration with the CFTC at NFA BASIC before committing funds. If unregistered, a customer should be wary of providing funds to that entity.
    Suspicious activities or information, such as possible violations of commodity trading laws, can be reported to the Division of Enforcement via a toll-free hotline 866-FON-CFTC (866-366-2382) or file a tip or complaint online or contact the Whistleblower Office. Whistleblowers are eligible to receive between 10 and 30 percent of the monetary sanctions collected, paid from the Customer Protection Fund financed through monetary sanctions paid to the CFTC by violators of the CEA.

    MIL OSI USA News

  • MIL-OSI USA: Risch Votes to Support Trump Nuclear Energy, Land Management, and Water Nominees

    US Senate News:

    Source: United States Senator for Idaho James E Risch
    WASHINGTON – U.S. Senator Jim Risch (R-Idaho) yesterday voted to support four of President Trump’s nominees in the Energy and Natural Resources Committee.
    “Idaho’s leadership in nuclear energy and our vast natural resources are critical to the state’s economy and way of life,” said Risch. “I’m proud to support President Trump’s nominees, who I am confident will prioritize Idaho’s resources and execute the president’s America First agenda.”
    Risch voted to advance the following nominees to the Department of Interior and Department of Energy:
    Andrea Travnicek to be Assistant Secretary of the Interior for Water and Science. Travnicek will oversee the U.S. Geological Survey and Bureau of Reclamation, which manages federal dams, powerplants, and other facilities across Idaho for irrigation, hydropower, flood control, and recreation.
    Leslie Beyer to be Assistant Secretary of the Interior for Lands and Mineral Management. Beyer will oversee four departmental agencies, including the Bureau of Land Management, which manages nearly 12 million acres of public lands in Idaho for multiple use, including grazing, mining, timber production, and recreation.
    Theodore Garrish to be Assistant Secretary of Energy for Nuclear Energy. Garrish will oversee the Office of Nuclear Energy (NE), which advances nuclear energy research, technology, and facilities. NE supports and oversees the Idaho National Laboratory, DOE’s nuclear research laboratory.  
    Tristan Abbey to be the Administrator of Energy Information Administration, responsible for providing independent and impartial energy information. 

    MIL OSI USA News

  • MIL-OSI: Information Relating to the Total Number Ofvoting Rights and Shares Forming the Share Capital

    Source: GlobeNewswire (MIL-OSI)

    Bernin, on May 9, 2025

    INFORMATION RELATING TO THE TOTAL NUMBER
    OF VOTING RIGHTS AND SHARES
    FORMING THE SHARE CAPITAL

    (Article L. 233-8 II of the French Commercial Code
    and article 223-16 of the General Regulation of the French financial markets authority (AMF))

    Corporate name and address of the company: SOITEC
    Parc Technologique des Fontaines – Chemin des Franques
    38190 Bernin (FRANCE)

    Statement date Total number of shares forming the share capital Total number of voting rights
    04/30/2025 35,727,041(1) Number of theoretical (gross) voting rights (2): 45,641,678
    Number of exercisable (net) voting rights (3): 45,568,545
    1. 35,727,041 ordinary shares of €2.00 par value each, listed on the Euronext Paris regulated market under ISIN code FR0013227113 and the mnemonic “SOI”.
    1. The total number of theoretical voting rights (or “gross” voting rights) is used as the basis for calculating the crossing of shareholding thresholds. In accordance with article 223-11 of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers – AMF), this number is calculated on the basis of all shares to which single or double voting rights are attached, including shares without voting rights (for example, treasury shares, liquidity contract, etc.).
    1. The total number of exercisable voting rights (or “net” voting rights) is calculated after taking into account the number of shares entitled to double voting rights, and after deduction of the shares without voting rights (for example, treasury shares, liquidity contract, etc.).

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    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 1 billion Euros in fiscal year 2023-2024. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of its 2,300 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,000 patents.
    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information visit our Website and follow us on LinkedIn and X 

    #  #  #

    Attachment

    The MIL Network

  • MIL-OSI: Euronext announces volumes for April 2025

    Source: GlobeNewswire (MIL-OSI)

    Euronext announces volumes for April 2025        

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 9 May 2025 – Euronext, the leading European capital market infrastructure, today announced trading volumes for April 2025.

    Monthly and historical volume tables are available at this address:

    euronext.com/investor-relations#monthly-volumes

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    The MIL Network

  • MIL-OSI Global: Gems supposedly buried with Buddha are to be sold at auction – it’s a symptom of Buddhism’s ongoing commercialisation

    Source: The Conversation – UK – By Lee Clarke, Lecturer in Philosophy, Nottingham Trent University

    Almost 2,000 years ago in modern-day Uttar Pradesh, India, someone deposited a cache of gems inside a reliquary (a container for holy relics), along with some bone fragments and ash. The gems were precious, but the bones and ash even more so, for according to an inscription on the reliquary, they belonged to Siddhartha Gautama, the Buddha.

    The Piprahwa gems were placed along with the Buddha’s bodily relics (śarīra) as an offering inside a stūpa (A Buddhist funerary structure that contains relics and acts as a place of pilgrimage). Such an offering is not only supposed to generate “merit” (puṇya) and hopefully a good rebirth for the devotee, but is also an act of devotion and gratitude to the Buddha.

    In 1898, a British land owner, William Claxton Peppé, ordered the excavation of that same stūpa on his land in colonial India and discovered the reliquary. The bodily relics were sent to the Buddhist king of Thailand, many of the gems went to the former Imperial Museum in Calcutta and Peppé was permitted to keep the rest.

    This latter portion was due to be put up for auction at Sotheby’s Hong Kong this month, just days before the Buddhist holy day of Vesak – and it has generated controversy. Not only has the sale been described as perpetuating colonial violence, but the Indian government demanded that auction house Sotheby’s halt the sale or it would seek legal action. Sotheby’s has complied, for now.


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    Peppé’s great-grandson, Chris Peppé, explained in an article for Sotheby’s: “From the time we received the Piprahwa gem relics, my cousins and I have sought to make them available for viewing by the public (ideally a Buddhist public) to see at no cost to the institution borrowing them.” This has resulted in the gems being displayed in museums around the world. The cousins also set up The Piprahwa Project website, which allows people to access all the research materials that they have gathered.

    Chris Peppé has said that he hopes that the sale will help people see to see the gems and connect with those that left them and the Buddha himself. His great-grandfather, he says, ordered the excavation to provide work for his tenant farmers.

    As a Buddhist and the grandson of an Anglo-Indian man myself, my past straddles this colonial divide more than most. Putting aside the ethical issues around excavating a sacred site in the first place, and the uncomfortable tie-in to other instances of colonial looting by the British in India, the truly extraordinary thing is that these gems were put up for sale at all.

    If they really were mixed together with the bodily relics of the Buddha, then these gems were in physical contact with them and intended to be paired with them for posterity. That means that, in a Buddhist context, there is no essential difference between the gems and the actual remains of the Buddha.

    The Sri Lankan historical chronicle The Mahāvaṃsa (written in the 5th or 6th-century AD) states that “if we behold the relics we behold the Conqueror”, aka Buddha. As art historians Conan Cheong and Ashley Thompson write in their recent journal paper on the topic: “At the very least, we can affirm that for many Buddhists, historically and today, these ‘gems’ are śarīra of the Buddha and as such are imbued with the Buddha’s living presence.”

    Buddha in the west

    Speaking to the Guardian after the auction was postponed Peppé said: “In light of the Indian government’s sudden interest in the gems, 25% of auction proceeds will be donated to the displaying of the main Kolkata collection of the Piprahwa gems for Buddhists and the larger public to enjoy. Another 25% will be donated to Buddhist institutions.” With regards to his and his two relatives’ right to sell the gems, he added: “Legally, the ownership is unchallenged.”

    As an expert in Buddhist philosophy, I believe that to put a price on something that possesses such a sacred status for millions of people worldwide is both disrespectful and morally objectionable.

    The sale is also not something I could ever imagine happening regarding objects linked with any other religious figure. If a piece of intact clothing, for example, was found to have been worn by Jesus, would this be put up for sale? Of course, it would be massively valuable, but any financial considerations would surely be outweighed by its religious importance for the world’s billions of Christians. Why should it be any different with Buddhist relics?

    Another phenomenon inadvertently revealed by the fact of the sale is the ongoing commercialisation of Buddhism in the west. To many westerners, the Buddha and Buddhism are increasingly viewed as commodities to be bought and sold.

    Cheaply made Buddha statues and Buddha-faced plant pots adorn the shelves of garden centres and are then used to decorate living rooms and gardens. Clothes, lamps, beach towels and even shoes embellished with images of the Buddha can be purchased easily. The Buddha is frequently regarded as an ornament or fashion item rather than a sacred figure in a manner that, again, is rarely done with any other religiously significant person.

    Buddhas are common garden decorations in the west – but it’s hard to imagine a Jesus-themed equivalent.
    Radek Havlicek/Shutterstock

    From all this, selling actual Buddhist relics is not a large step. As with the commodification of other religions in the west such as Hinduism and Islam, commercialisation always simultaneously involves decontextualisation. It is an example of what philosopher Sophia Rose Arjana in her book Buying Buddha, Selling Rumi (2020) terms “the religious marketplace”.

    As she writes: “Religions associated with the east – Hindu, Buddhism, Islam – are also commodified. Their symbols are marketed by entrepreneurs and corporations and then consumed by everyone from non-religious spiritualists to ambivalent mystical seekers.”

    Religious traditions, practices, images and artefacts must be stripped of their native contexts and sacred meaning. Through this auction, the Piprahwa gems are considered ancient jewels to be admired ascetically rather than religious relics.

    Given their importance to global history and our human story, the Buddha and Buddhism are worthy of a lot more respect than they are currently afforded. While Buddhism teaches that everything is impermanent, we are lucky enough to still possess treasures such as the Piprahwa gems, and we should value them – and learn from them – while we can.

    Lee Clarke 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. Gems supposedly buried with Buddha are to be sold at auction – it’s a symptom of Buddhism’s ongoing commercialisation – https://theconversation.com/gems-supposedly-buried-with-buddha-are-to-be-sold-at-auction-its-a-symptom-of-buddhisms-ongoing-commercialisation-256163

    MIL OSI – Global Reports

  • MIL-OSI USA: Hickenlooper Celebrates National Small Business Week, Slams Trump Admin’s Tariff-Taxes

    US Senate News:

    Source: United States Senator John Hickenlooper – Colorado
    Over two-thirds of small businesses say that Trump admin’s reckless tariff-taxes will hurt their business, according to WSJ poll
    WASHINGTON – U.S. Senator John Hickenlooper joined 81 Senate colleagues in introducing a bipartisan resolution declaring the week of May 5th as “National Small Business Week.” The measure recognizes the entrepreneurs and innovators who promote growth and create jobs across America.  
    “This week is National Small Business Week. Our week to celebrate the small businesses that power our economy and create jobs across Colorado,” said Hickenlooper. “The problem is, most small businesses aren’t in the mood to celebrate. The Trump admin’s tariff-taxes have created chaos and uncertainty for our small businesses.”
    Hickenlooper is a former small business owner and a member of the Senate Committee on Small Business and Entrepreneurship. Colorado is home to over 715,000 small businesses that employ over 1.1 million Coloradans.
    Hickenlooper has been outspoken about the effects of the Trump administration’s tariffs on small businesses. 
    “Their reckless tariff-taxes – and their chaotic rollout – are creating so much uncertainty that they’ve literally paralyzed businesses,” Hickenlooper said in a video posted to his social media accounts. “It’s next to impossible to plan anything when their on-again, off-again tariffs make it impossible for small businesses to know whether they’ll be able to afford what they need to stay alive and grow… The bottom line: we should be supporting our small businesses, not crushing them.”
    Hickenlooper also called on Small Business Administrator Kelly Loeffler to address the impacts of the Trump administration’s tariffs on small businesses and sent a letter to the Trump administration demanding answers on the national security and economic impacts of their tariffs on Canadian goods. 
    In a Giddy Up-Date newsletter posted to his Substack, Hickenlooper details how the Trump admin’s trade wars have “frozen businesses in their tracks.” 
    “Trump promised to lower prices on his first day in office. Instead, his administration announced major tariffs across the board and picked trade wars with our most valuable trading partners, like Mexico and Canada. We’re already seeing Mexico, Canada, and the other countries retaliate, targeting American businesses and producers with their own tariffs,” wrote Hickenlooper. “It’s especially harmful for the smallest businesses – the newest entrepreneurs – who are the most vulnerable… I know so many small businesses in Colorado and across the country are still reeling trying to figure out how to move forward in these unpredictable times.”
    Two Hickenlooper bills that make it easier for small businesses to access and offer retirement plans for their employees have been signed into law. Hickenlooper’s very first bills introduced as Senator focused on small business. His initial package of bills would help more women and underrepresented communities receive investment capital and give Native American small businesses a voice at the highest levels of the Small Business Administration (SBA). Last Congress, Hickenlooper introduced the Supporting Community Lenders Act and Investing in All of America Act, both of which focus on increasing access to affordable capital for small businesses. He intends to reintroduce both bills this Congress.

    MIL OSI USA News

  • MIL-OSI United Kingdom: On your marks and get set for the 2025 Rob Burrow Leeds Marathon

    Source: City of Leeds

    Thousands of people will be going for glory on Sunday (May 11) in the marathon, which is being held in partnership with Clarion by the not-for-profit sporting events company Jane Tomlinson’s Run For All with support from Leeds City Council.

    Taking place this year for the third time, the event’s previous two editions have been notable for the inspirational atmosphere generated by the crowds lining the 26.2-mile route.

    And people across Leeds are being encouraged to once again turn out and show their support for an occasion that provides a perfect tribute to the life and achievements of the late rugby league legend Rob Burrow.

    As in previous years, the on-course atmosphere will be given a tuneful additional lift by musical entertainment from various groups and acts, including the Leeds Pipe Band, Leeds Rock Choir and Otley Ukulele Orchestra.

    Residents and visitors are also being encouraged to familiarise themselves with the programme of temporary road closures that will be in place to help ensure the day goes according to plan.

    The marathon will start and end at AMT Headingley Rugby Stadium, with runners following a circular route that initially winds around Woodhouse Moor before striking out for Adel, Lawnswood, Bramhope, Pool in Wharfedale and Otley. The Leeds Half Marathon, which is also being held on Sunday, will use much of the same route. The two events have together attracted more than 12,000 entrants.

    Part of St Michael’s Lane in Headingley will close to vehicles on Sunday from 4am before sections of Cardigan Road and Kirkstall Lane/North Lane follow suit at 6am. Closures of selected roads will kick in between 6am and 8am in other parts of Headingley and Far Headingley.

    Further closures will then come into force from 8.30am in the Adel, Lawnswood and Bramhope areas, and from 9am around Pool in Wharfedale and Otley.

    The marathon will begin at 9am, with competitors in the half marathon setting out from Headingley at 10am.

    Affected roads along the route will be reopened on a rolling basis through the day as soon as it is safe to do so.

    More road closure information – including a list of vehicle crossing points – can be found here.

    People travelling to Headingley can catch return park and ride bus services from Elland Road and Stourton. Shuttle buses will also be running between Cookridge Street in the city centre and Headingley.

    Buses will be operating between Headingley and two spectator hubs out on the course, one on Otley Road in Adel – about a mile from the drop-off point at Holt Park’s Asda – and the other at Otley Market Place.

    There will be no dedicated event parking in Headingley itself.

    Councillor Jonathan Pryor, Leeds City Council’s deputy leader and executive member for economy, transport and sustainable development, said:

    “As someone who has run the first two editions of the Rob Burrow Leeds Marathon and will be taking part again on Sunday, I know just how special the event is.

    “The atmosphere on the course was electric in both 2023 and 2024, and it would be lovely to see plenty of spectators out creating the same sort of buzz for 2025.

    “The delivery of an event on this scale involves a huge amount of hard work and my thanks go to everyone involved at Run For All and the council, as well as the hundreds of volunteers who will be giving up their time on Sunday.

    “The road closures that will help ensure the day passes off safely and successfully will inevitably also cause disruption to some people’s normal routines and, as always, their patience and support is much appreciated.

    “Please do take a few minutes, if you haven’t already, to familiarise yourself with all the relevant traffic and travel plans ahead of an occasion that I’m sure will showcase the very best of our city.”

    The marathon’s partner charities and good causes are the Motor Neurone Disease (MND) Association, Leeds Hospitals Charity, 4Ed, Alzheimer’s Society, Candlelighters, Happy Days Children’s Charity, Jane Tomlinson Appeal, Leeds North & West Foodbank, Leeds Rhinos Foundation, Macmillan Cancer Support, My Name’5 Doddie Foundation, Stand Against MND and St Gemma’s Hospice.

    After being diagnosed with MND in 2019, Leeds Rhinos great Rob worked tirelessly to raise awareness of the condition and deliver improved care for those affected by it.

    Sunday’s programme features a new addition for 2025 in the shape of the Rob Burrow Leeds Marathon Relay, which will see teams of seven tackling different legs of the full route.

    Run For All is also linking up with Leeds Beckett University to stage the inaugural MND Mile tomorrow (Saturday, May 10). Taking place at Leeds Beckett’s Headingley campus, the event’s mile-long course has been designed to cater for participants of all ages and abilities.

    Tristan Batley-Kyle, operations director at Run For All, said:

    “For an event of this scale, significant road closures will be required. We are working in partnership with Leeds City Council, emergency services and multi-agency planning groups to make sure the event is operated safely and securely.

    “We would like to thank all residents in advance for their understanding, and we apologise in advance for any inconvenience caused. Please be assured that all closures will be lifted as soon as possible. We thank you for your support of the 2025 Rob Burrow Leeds Marathon and Leeds Half Marathon.”

    Note to editors:

    Run For All is a not-for-profit company that forms part of the lasting legacy of the late amateur athlete and fundraiser Jane Tomlinson CBE. Jane, from Leeds, made headlines around the world by taking part in a series of incredible endurance events despite being diagnosed with an incurable cancer.

    ENDS

    MIL OSI United Kingdom

  • MIL-OSI USA: ICYMI: Senator Tim Scott Delivers Remarks at Opportunity Zone Summit

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott

    WASHINGTON — Yesterday, U.S. Senator Tim Scott (R-S.C.) delivered remarks at a summit on Opportunity Zones (OZs) hosted by Great Opportunity Policy. The event covered various aspects of OZs including, commercial innovation, private sector investment, and sustainability growth. 

    “Opportunity Zones represent a powerful tool for economic revitalization, and I’m proud to have played a role in their creation,” said Senator Scott. “By attracting long-term investments into underserved communities, we are not just boosting the economy, we are unlocking hope and opportunity for individuals and families who need it most. These zones are about more than just numbers, they are about transforming lives and building stronger communities. I remain committed to expanding this initiative and ensuring that everyone has the chance to thrive.”

    Click here to view the media gallery.

    Background on Opportunity Zones

    The Opportunity Zones (OZ) program is a transformative initiative born from bipartisan legislation enacted in 2017, primarily led by Senator Tim Scott (R-S.C.) and co-sponsored by Senator Cory Booker (D-N.J.). This program was designed to provide substantial tax benefits to investors who commit to long-term investments in Qualified Opportunity Zone (QOZ) communities, which are designated areas identified by state and federal leaders as crucial for economic revitalization.

    By the end of 2020, OZ initiatives had attracted at least $48 billion in equity investment, leading to a large and immediate surge in both commercial and residential development. Notably, the probability of investment in designated areas increased by over 20% in the months following the establishment of Opportunity Zones, resulting in improved local home values—up by 3.4% between 2017 and 2020—while rents remained stable.

    Currently, Senator Scott’s Opportunity Zones initiative has driven a remarkable $84.7 billion into underserved communities, unlocking vital economic opportunities. His leadership extended to the White House Opportunity and Revitalization Council during President Trump’s first term, significantly contributing to the initiative’s success. As he looks ahead, Senator Scott plans to collaborate with President Trump and his Republican colleagues to broaden and extend the Opportunity Zones program, ensuring continued focus on driving economic growth in communities that need it most.

    As part of his Opportunity Summit series and in celebration of Black History Month,Senator Scott hosted a discussion focused on helping all Americans achieve their version of the American Dream. The conversation underscored his continued efforts to promote economic freedom and unlock new opportunities for underserved communities.

    The impact of Opportunity Zones on the housing crisis has been significant, facilitating major increases in the supply of housing and other developments. According to the Economic Innovation Group, OZs have led to:

    • An immediate boost in commercial and residential development in low-income areas.
    • A notable increase in investment probabilities within designated tracts. 
    • The doubling of new national multifamily housing developments.
      • Opportunity Zones now account for 20% of all new market-rate multifamily units, despite representing only 10% of the U.S. population.

    In total, Opportunity Zones have facilitated the creation of 172,000 new apartment units across 972 developments within 2,014 cities, significantly contributing to addressing housing needs in economically distressed regions. Senator Scott’s advocacy remains pivotal in shaping and advancing this initiative for ongoing community revitalization.

    MIL OSI USA News

  • MIL-OSI Canada: Minister’s statement on April Labour Force Survey results

    Source: Government of Canada regional news

    Diana Gibson, Minister of Jobs, Economic Development and Innovation, has issued the following statement on the release of Statistics Canada’s Labour Force Survey for April 2025:

    “Through global volatility and shifting economic winds, B.C. is holding steady – growing an economy that works for people, protecting what matters and building a cleaner, more secure future. B.C. stands with Team Canada and all the workers across the country who have been affected by this unnecessary trade war. 

    “Today’s Labour Force Survey data for April shows that B.C. held steady with a small gain of 6,000 jobs, compared to last month. So far this year, B.C. has gained 51,300 full-time jobs, the highest increase among provinces.

    “In April, private-sector employment increased by 1,600 and self-employment increased by 2,800. Since July 2017, B.C. has gained 174,400 private-sector jobs, and so far this year, we have the second-highest increase in private-sector employment across the country at 5,800 jobs.

    “Youth employment in B.C. increased in April by 8,400 jobs, which is the largest gain among provinces. And B.C. continues to lead the country with an average hourly wage of $38.24, with our average wage up 4.8% compared to this time last year, the second-highest growth among provinces.

    “Our unemployment rate is 6.2%, one of the lowest in Canada and below the national average of 6.9%.

    “The data shows that in April, B.C. had employment increases of 1,800 jobs in the manufacturing sector, which continues to show strong and steady growth overall with gains of 11,300 so far this year.

    “As tourism season begins, we are seeing people choosing to vacation locally and not travel to the United States. Many British Columbians are stepping up by supporting local restaurants, vacationing in B.C. and choosing locally made products. These everyday choices are a powerful show of support for workers, small businesses and communities throughout our province. 

    “B.C. also introduced legislation to ensure the Province can act quickly to break down interprovincial trade barriers and prioritize the purchase of Canadian goods. We have been a leader in reducing interprovincial trade barriers even prior to the tariff threat, advocating for a mutual recognition agreement and one of the provinces with the least exceptions. The commitment is to have a mutual recognition agreement soon that will cover thousands of goods sold or used in Canada.  

    “The Province has also introduced legislation to deliver more schools, hospitals and other infrastructure, which will create more jobs and support our growing communities. This legislation is part of work underway across government to deliver projects faster, reduce overall permitting times and strengthen B.C.’s economy through uncertain times.

    “We will continue to protect services and defend people’s jobs and the economy. Growing a stronger and more diverse economy will help protect people in B.C. from instability outside our borders, with investments that will bring good-paying jobs to the province as part of robust and sustainable industries.”

    Learn More:

    To learn more about B.C.’s response to tariffs, visit: https://www2.gov.bc.ca/gov/content/employment-business/tariffs

    MIL OSI Canada News

  • MIL-OSI Canada: Saskatchewan Leads the Nation With 21,100 Jobs Added in April and Lowest Unemployment Rate in Canada

    Source: Government of Canada regional news

    Released on May 9, 2025

    Statistics Canada’s latest labour force numbers show that the labour market in Saskatchewan remains strong with 21,100 jobs added year-over-year in April, an increase of 3.6 per cent, the highest in Canada. Saskatchewan’s unemployment rate is the lowest in the nation at 4.3 per cent, well below the national average of 6.9 per cent. 

    “Saskatchewan is an economic leader in Canada, demonstrated by the 21,000 jobs we added in April and the lowest unemployment rate in the nation,” Deputy Premier and Minister of Immigration and Career Training Jim Reiter said. “Our government is ensuring that our labour market remains strong, our economy continues to grow and that Saskatchewan remains the best and most affordable place to live, work and raise a family in Canada.” 

    Year-over-year, full-time employment in Saskatchewan increased by 14,800, an increase of 3.1 per cent. Part-time employment increased by 6,300, an increase of 5.9 per cent. 

    Saskatchewan’s two biggest cities also saw year-over-year growth. Compared to April 2024, Saskatoon’s employment was up 6,600, an increase of 3.4 per cent, and Regina’s employment was up 4,600, an increase of 3.2 per cent.

    Major year-over-year gains were also reported for health care and social assistance, up 8,900, an increase of 9.8 per cent. Construction is up 4,900, an increase of 12.6 per cent, and public administration is up 6,600, an increase of 19.2 per cent. 

    Saskatchewan continues to show economic strength in other areas. Recent figures from Statistics Canada show that Saskatchewan is second among provinces for GDP growth in 2024. Real GDP rose by 3.4 per cent from 2023 to 2024, well over the national average of 1.6 per cent. The province’s real GDP value remains at an all-time high of $80.5 billion, the second highest per capita among provinces, beating 2023’s record of $77.9 billion. Year-over-year Saskatchewan also ranked second among the provinces for growth in new motor vehicle sales and third for growth in urban housing starts.

    This economic growth is backed by the Government of Saskatchewan’s recently released Building the Workforce for a Growing Economy: The Saskatchewan Labour Market Strategy, a roadmap to build the workforce needed to support Saskatchewan’s strong and growing economy, and Securing the Next Decade of Growth: Saskatchewan’s Investment Attraction Strategy.

    -30-

    For more information, contact:

    Media Relations
    Immigration and Career Training
    Regina
    Phone: 306-798-2369
    Email: media.ict@gov.sk.ca

    MIL OSI Canada News

  • MIL-OSI USA: SBA Relief Still Available to Oregon Small Businesses and Private Nonprofits Affected by Summer Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Oregon of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Aug. 13, 2024.

    The disaster declaration covers the Oregon counties of Baker, Grant, Harney and Malheur as well as the Idaho counties of Canyon, Owyhee, Payette and Washington, and in Nevada the county of Humboldt.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to the SBA no later than June 9.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News

  • MIL-OSI USA: SBA Relief Still Available to Oklahoma Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Oklahoma of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Oct. 1, 2024.

    The disaster declaration covers the Oklahoma counties of Atoka, Bryan, Canadian, Carter, Cherokee, Choctaw, Comanche, Cotton, Craig, Creek, Delaware, Garfield, Garvin, Grady, Jefferson, Johnston, Kingfisher, Lincoln, Logan, Love, Marshall, Mayes, Noble, Nowata, Oklahoma, Osage, Ottawa, Pawnee, Payne, Rogers, Stephens, Tulsa, Wagoner and Washington as well as the Kansas counties of Cherokee, Labette and Montgomery, and in Texas the counties of Clay, Fannin, Grayson, Lamar and Montague.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to the SBA no later than June 9.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News

  • MIL-OSI USA: SBA Relief Still Available to North Dakota Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in North Dakota of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Oct. 1, 2024.

    The disaster declaration covers the North Dakota counties of Adams, Billings, Bowman, Burke, Divide, Golden Valley, Grant, Hettinger, McKenzie, Mountrail, Sioux, Slope, Stark and Williams as well as the Montana counties of Fallon, Richland, Roosevelt and Sheridan, and the South Dakota counties of Corson, Harding and Perkins.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to the SBA no later than June 9.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News

  • MIL-OSI USA: SBA Relief Still Available to Idaho Small Businesses and Private Nonprofits Affected by Summer Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Idaho of the June 9 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Aug. 13, 2024.

    The disaster declaration covers the Idaho counties of Bingham, Bonneville, Caribou, Fremont, Jefferson, Madison and Teton as well as the Wyoming counties of Lincoln and Teton.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

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

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    Submit completed loan applications to the SBA no later than June 9.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News

  • MIL-OSI USA: New Laws Help Consumers Save Money and Spend It Wisely

    Source: US State of New York

    overnor Kathy Hochul today signed new legislation as part of the FY26 Enacted Budget that will protect consumers across New York and fight back against scams or exploitative practices. From simplifying the process of canceling recurring online subscriptions to cracking down on overdraft fees that target low-income consumers, these new laws will help New Yorkers fight back against unfair corporate practices.

    “This budget is all about affordability – lowering costs and helping New Yorkers with the rising cost of living,” Governor Hochul said. “But our tax cuts, credits and rebates won’t be much help if bad actors are able to scam or mislead New Yorkers. These new laws are about fairness, transparency, and accountability and will help consumers save money and spend it wisely.”

    Easier Cancellation For Online Subscriptions
    Subscription services are a part of daily life but canceling them is often needlessly complicated. The FY26 budget includes legislation requiring businesses to notify consumers of upcoming renewals and price changes as well as provide clear instructions on how to cancel subscriptions. Under this legislation, cancellation processes must be simple, transparent, and fair – ensuring that it is just as easy to cancel a subscription as it was to sign up.

    Standardized Online Retail Returns and Refunds
    Consumers are increasingly shopping online and navigating a sea of varying return windows, restocking fees, refund formats, shipping practices and more. New Yorkers, particularly during the holiday season, know how hard it is to juggle various return policies that affect when they can send back a gift or exchange clothing that didn’t fit.

    With e-commerce sales rising and returns accounting for billions of dollars annually, New Yorkers deserve stronger consumer protections. The FY26 Budget includes legislation to require online retail sellers to post return and refund policies in a way that is easily accessible for consumers.

    Oversight Over “Buy Now, Pay Later” Loans
    “Buy Now, Pay Later” loans are increasingly popular but pose risks to consumers, including overextension, inconsistent credit reporting, data exploitation, and excessive fees. These concerns highlight the need for stronger oversight in this rapidly growing financial sector.

    The FY26 Budget includes legislation to establish a licensing and supervision framework for Buy Now Pay Later providers. This legislation will introduce safeguards, such as disclosure requirements, dispute resolution standards, limits on all charges and fees, and data privacy protections to ensure consumers are better protected when using these financial products.

    Shed Light on “Surveillance Pricing”
    As consumers spend more of their time and money online, they’re also sharing more information like browsing behavior, location, and purchase history with the companies they interact with. Today’s technology means corporations are able to collect mountains of personal data, feed it into algorithms, and generate a price that’s individual to a consumer. This practice, which the FTC has dubbed surveillance pricing, means a company could be charging you and your neighbor different prices for the same product, based on your individual willingness to pay. This practice is opaque and strips consumers of their ability to comparison shop and plan for the price of goods and services.

    The FY26 Budget includes first-in-the-nation legislation that requires businesses to disclose clearly to consumers when a price was set by an algorithm using their personal data, subject to certain exceptions.

    Stronger Protections Against Unfair Overdraft Fees
    Overdraft and non-sufficient funds fees disproportionately harm low- and moderate-income New Yorkers. In January 2025, Governor Hochul announced the Department of Financial Services proposed regulations to eliminate the most exploitative and deceptive banking fees, cap overdraft fees, strengthen customer communications, and establish stricter transaction processing requirements. These regulations will protect consumers and foster accessible and affordable banking services for all New Yorkers.

    MIL OSI USA News

  • MIL-OSI USA: Creating Jobs and Opportunity Across the Empire State

    Source: US State of New York

    overnor Kathy Hochul today signed new legislation as part of the FY26 Enacted Budget that will support small businesses and grow New York’s economy. Governor Hochul’s economic development initiatives include helping small businesses grow through access to capital, new contracting opportunities, and disaster recovery support; doubling down on semiconductors and advanced manufacturing; supporting transformative, community-driven projects, and boosting the state’s creative economy.

    “We’re making New York the most business-friendly and worker-friendly state in the nation, creating jobs and economic opportunity in every corner of the Empire State,” Governor Hochul said. “By providing access to low-interest capital and investing in innovative industries like semiconductor manufacturing, we’re not just creating jobs, we’re positioning New York as a leader in the industries of tomorrow. These investments will ensure our businesses can thrive, attract new industries, and help communities grow across the state.”

    Helping Small Business Thrive in New York

    Support Small Businesses With Low Interest Capital
    High interest rates can incapacitate small businesses—which often pay higher borrowing rates due to their reduced collateral and higher risk profiles as compared to larger firms—preventing them from investing in expansion and creating new jobs. The successful Linked Deposit Program, which helps small businesses borrow at more affordable rates, has lowered the interest rate for nearly 6,000 businesses, resulting in $2 billion in bank lending, and leveraging over $4 billion in new capital investments by New York State businesses.

    In response to demand that far exceeds supply, Governor Hochul will launch the Low Interest Capital program (LINC), an expansion of the Linked Deposit Program, to help support hundreds of additional small businesses across the state. LINC will nearly double the funding available for linked deposits from $560 million to $1.1 billion.

    Increase Opportunities for MWBEs in State Procurement
    The FY26 Enacted Budget will eliminate barriers for minority and women-owned businesses to contract with state agencies and authorities by increasing the discretionary purchasing threshold from $750,000 to $1.5 million when buying from NYS Certified MWBEs. This builds on Governor Hochul’s commitment to expanding opportunities for MWBE firms while bringing the State’s threshold into alignment with those of the MTA and New York City.

    Help Small Businesses Recover After Natural Disasters
    As extreme weather events become more common, Governor Hochul is modernizing the Empire State Jobs Retention Program to provide a lifeline for businesses impacted by a natural disaster. The overhaul will allow small businesses to receive financial incentives through the Jobs Retention Program for the first time, while streamlining burdensome eligibility criteria and focusing assistance on the immediate aftermath of natural disasters when it is most impactful.

    Doubling Down on Semiconductors and Advanced Manufacturing

    Grow the Semiconductor Industry and Build the Semiconductor Supply Chain
    New York has emerged as a leader in the semiconductor industry through the Green CHIPS program, attracting over $120 billion in private sector investment. Much of that success is owed to New York’s Excelsior Jobs Tax Credit Program, which encourages businesses to locate or expand in New York by providing Excelsior tax credits after meeting job creation and investment thresholds. While New York State continues to lead in bringing semiconductor manufacturing home to our state, multiple states are vying to attract the related supply-chain companies that are looking to do business with those manufacturers.

    The FY26 Enacted Budget doubles down on Excelsior with a new, enhanced benefit tier for semiconductor supply chain companies; a new program to provide tax credits for large-scale semiconductor R&D investments of $100 million or more in qualified expenditures; a new semiconductor manufacturing workforce training incentive; and an overall 5-year extension of the Excelsior program.

    Promote Opportunity With Electric Readiness for Underdeveloped Properties
    New York State is attracting investment in new manufacturing and high-tech development faster than existing energy system planning and funding mechanisms can accommodate, and we need more power-ready sites — a key factor in where companies decide to locate. Indeed, lack of speedy connection to reliable power is often cited as a primary reason for advanced manufacturers taking their business, and jobs, towards other states or opportunities.

    Locating at a power-ready site can shave years off the timeline between site selection and a plant’s opening day. Extending transmission and electrical infrastructure to more sites around the State will help unlock equitable economic growth and supercharge our ability to connect New Yorkers with the advanced manufacturing jobs of the future.

    To help land more business and jobs in New York, Governor Hochul will launch a new $300 million program — Promote Opportunity with Electric Readiness for Underdeveloped Properties (POWER UP) — to fund the proactive development of electric capacity to create power-ready sites and attract new businesses to the state. Governor Hochul is seeding the fund with $100 million this year, which will allow for the proactive development of dozens of sites.

    POWER UP will not only alleviate bottlenecks to connect businesses to power but will help defray electrical costs for regional consumers, who under our current regulatory structure are often left to foot the bill for grid improvements prompted by one particular project within their region. POWER UP will defray those costs by interjecting state capital dollars into projects that provide overwhelming public and economic benefits.

    Empire State Development (ESD) will provide economic development expertise to ensure the fund helps prepare sites that are strongly positioned to host manufacturing operations that will create jobs in New York State.

    The Department of Public Service will provide expertise in utility capital planning and will identify opportunities for project sites that bundle clean energy resources together.

    Double Down on Shovel-Ready Sites for Modern Manufacturing
    While New York State is a leader in business attraction, large scale manufacturing and industrial firms can only continue to locate and expand here if sufficient shovel-ready space is available.

    Governor Hochul established the Focused Attraction of Shovel-Ready Tracts New York (FAST NY) program to build shovel-ready sites across New York and ensure the State is prepared to capitalize on high-value opportunities. Since its launch in 2022, FAST NY has committed over $175 million to 20 projects, transforming nearly 3,000 acres of previously underutilized land into future economic engines of the State.

    This year’s Enacted Budget includes $100 million to launch a new round of FAST NY that prioritizes semiconductor manufacturing and supply chain projects as well as cleantech and green economy projects. This new round of funding will include a focus on equipping sites with utility access, including renewable and clean energy.

    Strengthening Communities and Promoting Economic Growth

    Transform Regional Economic Development With High-Impact Projects
    The Regional Economic Development Councils (REDCs) have driven significant progress across New York, but their current funding limits make it difficult to support large-scale, game-changing projects. To address this, Governor Hochul will refocus the REDC initiative on transformative projects that serve as high-impact economic anchors such as cultural venues, waterfront revitalization efforts, and mixed-use development projects. This new approach will maximize the benefits that REDC awards deliver for local communities and regional economies, driving growth and revitalization in every corner of the state. Governor Hochul’s FY26 Enacted Budget includes $150 million to support the REDCs.

    Continue To Revitalize Our Downtowns and Rural Communities
    Governor Hochul is committed to supporting New York State’s downtowns, large and small, and recognizes that the strength of the State lies in its partnerships with local governments. By working together to create economically, socially, and environmentally healthy community centers through downtown revitalization, the State and local governments can make life better for New Yorkers and help secure the long-term well-being of the state. To further revitalize our communities, the Enacted Budget provides $100 million for another round of the Downtown Revitalization Initiative (DRI), which has been transforming downtown neighborhoods into vibrant communities where the next generation of New Yorkers will want to live, work, and raise families. Participating communities are nominated by the State’s 10 REDCs based on the downtown’s potential for transformation. Each winning community is awarded funding to develop a downtown strategic investment plan and implement key projects that advance the community’s vision for revitalization.

    To support New York’s rural communities, the State will continue its investment in the NY Forward program, designed to advance the renaissance of our smaller downtowns. New York’s hamlets and villages serve as commercial and social centers, and support our agricultural, recreational, and tourism economies. Recognizing the distinct needs of smaller communities and their niche historical and cultural assets, the Enacted Budget includes another round of $100 million in funding for rural and smaller communities. Like the DRI program, NY Forward communities are selected in partnership with the REDCs, and the Department of State (DOS) will lead the community through an abbreviated planning process to develop a slate of readily implementable projects. The State’s investment in projects that demonstrate their ability to accelerate revitalization will strengthen the competitiveness and improve the future trajectory of New York State’s small communities and larger urban centers.

    Renew Our Commitment to Our State’s Capital City
    This year’s Executive Budget launches the Championing Albany’s Potential (CAP) Initiative, an inclusive, State-led effort to invest $400 million to revitalize the downtown core of Albany—in partnership with local stakeholders and backed by significant State resources to catalyze change. The CAP Initiative includes $200 million to make real investments into tangible strategies and projects to revitalize Albany, such as: targeted strategies that address public safety and quality of life; revitalizing vacant or dated anchor institutions; reinvigorating commercial corridors; repurposing vacant and underutilized commercial buildings for housing and other new uses; leveraging open spaces and key public assets; coordinating with ongoing planning efforts related to the redevelopment of I-787 and the Livingston Avenue rail bridge; and creating new reasons to work, visit, or live in downtown Albany. This historic investment also includes up to $150 million to renovate the New York State Museum and upgrade the exhibits to be more inviting to visitors, including families, as well as funding for the State to temporarily supplement Albany’s public safety efforts by offering enhanced State Police resources to reduce crime and increase community policing in key corridors.

    Informed by conversations with local stakeholders, the CAP Initiative will play out through a comprehensive community engagement process with the public, elected representatives, and community leaders to identify key opportunities to promote business development, bolster public safety, build out community anchors, encourage housing, and enhance affordability.

    Fueling New York’s Creative Economy

    Investments in Arts and Culture
    The FY26 Enacted Budget builds on Governor Hochul’s record investments in the New York State Council on the Arts, which provides critical support for New York’s robust nonprofit creative sector. This includes more than $80 million in general operating support grants for nonprofit arts and culture organizations and individual artists; $80 million in capital funding to support critical renovation and expansion projects; and continued funding for two new programs established in the FY25 Budget to empower artists to take stage in the State’s continued economic growth – Cultivating Havens for the Arts through Regional Murals (CHARM NY), which will fund the design and installation of public murals in communities across New York; and the “State of the Arts” Fellowship Program, which will place artist fellows at State agencies to advance public policy goals through creative approaches.

    Cement New York’s Status as a Global Capital for Media Production
    The FY26 Enacted Budget strengthens and modernizes a range of programs to ensure that New York remains the premier destination for both traditional and new media production. This includes:

    • Enhancing the New York State Film Tax Credit Program to attract more high-value productions that create good paying jobs and inject millions of dollars into local communities. Modifications include a two-year extension, a new $100 million incentive track for independent studios, a new Production Plus benefit for studios that make significant long-term investments in New York, and other tweaks to speed up payments and bring more post-production and musical scoring work in-state.
    • Amending the Digital Gaming Media Production Tax Credit to align with new industry trends and strengthen the growth of this growing industry.
    • Extending the New York City Musical and Theatrical Production Tax Credit for two years to ensure the industry returns to pre-COVID levels and continues to drive the State’s $137+ billion tourism sector.
    • Amending the Newspaper and Broadcast Media Jobs Program to allow affiliate companies to apply individually and therefore support a wider range of print and broadcast outlets across the state.

    MIL OSI USA News

  • MIL-OSI USA: Waller, Thank You, John

    Source: US State of New York Federal Reserve

    Thank you, Volker, and thank you for the opportunity to speak to you today.1
    John Taylor is deservedly well known for his work on monetary policy rules, the best known of which bear his name. But in the early 1980s, John was part of a broader discussion about rules versus discretion in the setting of monetary policy.
    The traditional argument for discretionary monetary policy was that any policy choice that a rule would recommend could be replicated by discretion, especially when policymakers are aware of the rule, but not vice versa. Discretion allowed more flexibility than a rule and thus was the dominant strategy for setting monetary policy.
    Then, in 1977, Finn Kydland and Ed Prescott published their paper “Rules Rather than Discretion: The Inconsistency of Optimal Plans,” which argued that policy promises made today may not be carried out in the future if there are advantages to reneging on those promises.2 Reneging on promises made by discretionary policymakers, they argued, is much easier than reneging on a policy rule, which is a way to commit to future actions.
    Kydland and Prescott provided a simple and appealing model at the end of their paper. The model had an incentive for the central bank to renege on its promise to keep inflation low, since doing so would expand the economy and lower unemployment. If rational agents knew of this incentive, they would not find the promise of low inflation credible and would therefore raise their expectations for future inflation. The central bank would then have to validate those expectations with higher inflation to avoid a recession. In the end, the economy ends up in a high-inflation equilibrium with no gains from higher output or lower unemployment.
    Kydland and Prescott then showed that if, on the other hand, the central bank could commit to following a rule to set policy, then it could not renege on its promises. As a result, inflation would stay low while yielding the same outcomes for output and employment. In this case, rules beat discretion. This was pathbreaking research, and it came to influence both the theory and practice of central banking. It was also part of the basis for Kydland and Prescott’s Nobel Prize in Economics in 2004.
    But commitment to most things in life is easier said than done. Even rules can be abandoned if it is optimal to do so. In the absence of commitment, can the central bank do anything to enhance the credibility of its promise to keep inflation low?
    In 1983, Robert Barro and David Gordon used the Kydland–Prescott example to study reputation building by the central bank.3 The basic idea is to establish a reputation for fulfilling promises. But what promises can be made in a discretionary world that the public would find credible? They showed that promising the low-inflation outcome wasn’t credible. However, the central bank could promise an inflation rate that was between the low-inflation equilibrium and the high-inflation equilibrium. If private individuals expected this intermediate inflation rate, then the gains from reneging would be reduced just enough to dissuade the central bank from breaking its promise. Consequently, promises to deliver this intermediate inflation rate were credible, and society was better off than it would be in the high-inflation world, showing that credibility really mattered in a world in which commitment was not feasible.
    I now introduce John Taylor and his work into the story, which coincided with the beginning of my own research career.
    In 1983, having read the Barro and Gordon paper, I started working on reputation-building strategies as part of my Ph.D. dissertation research. In the process, I was struck by the thought that the building of credibility and reputation hinges on the person setting monetary policy at the time: If that person leaves, does the central bank have to start over to rebuild its credibility? At the time, I had in mind Paul Volcker, whose personal credibility seemed so crucial in the Federal Reserve’s campaign to vanquish high inflation. Relying on the credibility of individual policymakers seemed like a weak foundation for sustaining the credibility of policy promises.
    That is when I went back and read John Taylor’s discussion of the Barro and Gordon paper in the Journal of Monetary Economics.4 John applauded the analytical contribution that Barro and Gordon—as well as Kydland and Prescott—had made, but he was skeptical about the practical applicability of their story. In his critique, John said, “In other well-recognized time inconsistency situations, society seems to have found ways to institute the optimal (cooperative) policy.”5
    As I read that sentence, I thought, “How does society build credibility into the institution instead of relying on the credibility of an individual?” That one sentence that John wrote in 1983 set me off on a 20-year journey studying central bank design.
    So where did it lead me?
    Around that time, Ken Rogoff published his paper on what he referred to as “conservative” central bankers.6 In his terminology, a conservative central banker was someone who disliked inflation more than the rest of society did. Rogoff showed that a conservative central banker would choose a lower rate of inflation than the average citizen but at the cost of greater instability of output and employment. This tradeoff improved social well-being, but there was one catch to this solution—there had to be safeguards to guarantee that the conservative central banker could not be fired for this policy decision, ensuring that these promises to control inflation were credible. In short, the central bank had to be independent and protected from the threats to its independence.
    This type of institutional design issue was one that I was interested in researching.
    Up until Rogoff’s work, the underlying assumption had been that the central bank was trying to maximize social welfare and that its preferences were aligned with those of society. Think of it as a “representative agent” economy. But as I read Rogoff’s work, it suggested that society consisted of people who had a variety of views about inflation, meaning that they would also have different views on the tradeoff between inflation and output stability. Consequently, members of society may have different views on how conservative the central banker should be. But where are these views coming from?
    So I tried to endogenize the heterogeneity in preferences. I had the idea that individuals all had the same fundamental preferences for inflation and output stability but that they varied if they worked in different sectors of the economy. In one sector, wages and employment were determined in a standard competitive fashion. In the other sector, wages were determined by wage contracts, and employment was determined by demand. Thus, when a negative shock hit the economy, the wage contract workers suffered a bigger reduction in employment because wages couldn’t adjust, whereas in the competitive sector, wages would adjust to soften the blow to employment—implying that if the wage contract sector got to choose a conservative central banker, they would want a more dovish central banker who would accept higher inflation in return for greater employment stability. The flexible wage workers wanted the opposite: They were more hawkish on inflation because they didn’t bear the same employment volatility. The punchline was that if political parties formed around workers from different sectors, then they would install central bankers with different policy preferences if they won the election.
    It was around that time that I read Alberto Alesina’s paper on “partisan business cycles.”7 In that paper, he assumed there were different political parties, each having different preferences about inflation and unemployment. One party was more concerned with price stability and less concerned about output stability than the other. Monetary policy and inflation outcomes were determined by the party that won a national election. As power changed hands after an election, monetary policy would differ from expected policy depending on who won the election. These election surprises would create volatility in monetary policy and thus inflation and output. In other words, elections would lead to partisan business cycles. In Alesina’s model, monetary policy was fully accountable to the electorate, which is desirable, but it came at the cost of causing greater economic instability.
    This was a brilliant paper, but, again, it raised a serious question for me: Why would society choose full electoral accountability and maximum volatility in monetary policy? Economists usually think there are tradeoffs on the margin such that “corner solutions” like these aren’t optimal. It seemed to me that there could be a welfare-improving institutional design for the central bank. I looked at the Federal Reserve’s Board of Governors structure, and I felt that electoral accountability could be achieved through the appointment process, but economic instability would be reduced by having a monetary policy board composed of current and past appointees who set policy according to majority rule. This thinking led me to taking a variant of Alesina’s model and studying how a policy board would change his results.
    I assumed that board members were appointed by the winning party of an election to serve for multiple periods. This appointment process provided accountability to the electorate via the nomination and confirmation process. To ensure that economic stability would be improved, I assumed these members served staggered and long (relative to the election cycle) terms in office.8 Furthermore, as in Rogoff’s model, board members could not be removed from office. This feature of the model captured the idea that the central bank board would be independent.
    My research showed that by having an independent policy board set monetary policy, social well-being was improved relative to Alesina’s results. Accountability to the electorate could be achieved through the nomination and confirmation process, and economic stability was enhanced by having a group of individuals set policy who could not be removed from office. This structure is the one that we have in place today at the Federal Reserve. I would argue that it has stood the test of time, and I hope that it continues to be in place for years to come.
    To conclude, I have come full circle in my professional life—from first reading that sentence that John wrote in 1983 to researching central bank independence and central bank boards for 20 years to then becoming a central bank board member, which led me here today. So, I can finally thank John for sending me on a wonderful journey that he had no idea he launched me on.

    1. The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee. Return to text
    2. See Finn E. Kydland and Edward C. Prescott (1977), “Rules Rather than Discretion: The Inconsistency of Optimal Plans,” Journal of Political Economy, vol. 85 (June), pp. 473–92. Return to text
    3. See Robert J. Barro and David B. Gordon (1983), “Rules, Discretion and Reputation in a Model of Monetary Policy,” Journal of Monetary Economics, vol. 12 (1), pp. 101–21. Return to text
    4. See John B. Taylor (1983), “‘Rules, Discretion and Reputation in a Model of Monetary Policy’ by Robert J. Barro and David B. Gordon,” Journal of Monetary Economics, vol. 12 (1), pp. 123–25. Return to text
    5. See Taylor, ‘”Rules, Discretion and Reputation in a Model of Monetary Policy’ by Robert J. Barro and David B. Gordon” in note 4. Return to text
    6. See Kenneth Rogoff (1985), “The Optimal Degree of Commitment to an Intermediate Monetary Target,” Quarterly Journal of Economics, vol. 100 (November), pp. 1169–89. Return to text
    7. See Alberto Alesina (1987), “Macroeconomic Policy in a Two-Party System as a Repeated Game,” Quarterly Journal of Economics, vol. 102 (August), pp. 651–78. Return to text
    8. See Christopher J. Waller (1989), “Monetary Policy Games and Central Bank Politics,” Journal of Money, Credit and Banking, vol. 21 (November), pp. 422–31; Christopher J. Waller (1992), “A Bargaining Model of Partisan Appointments to the Central Bank,” Journal of Monetary Economics, vol. 29 (June), pp. 411–28; and Christopher J. Waller (2000), “Policy Boards and Policy Smoothing,” Quarterly Journal of Economics, vol. 115 (February), pp. 305–39. Return to text

    MIL OSI USA News

  • MIL-OSI USA: Rep. Dan Goldman, Rep. Menendez, Senator Luján, Senator Bennet Lead Democrats in Calling on Trump Administration to Crack Down on U.S. Firearms Flowing to Latin American Drug Cartels

    Source: US Congressman Dan Goldman (NY-10)

    Administration’s Designation of 8 Cartels as Foreign Terrorist Organizations Unlocks New Tools to Crack Down on Southbound Arms Trafficking  

     

    Over 200,000 American Firearms Flow into Mexico Every Year, Fueling Gang Violence and Drug and Human Trafficking 

     

    Read the Letter Here 

    Washington, D.C – Congressman Dan Goldman (NY-10), Congressman Rob Menendez (NJ-08) and Senator Ben Ray Luján (D-NM) today led 10 of their colleagues in urging the Trump administration to use its recent designation of Latin American cartels as Foreign Terrorist Organizations (FTOs) to take aggressive action to stop the illegal trafficking of American firearms south across the Southern Border. In a letter addressed to Secretary of Homeland Security Kristi Noem, Secretary of State Marco Rubio, and Attorney General Pam Bondi, the lawmakers called for a coordinated federal response to stem the flow of hundreds of thousands of American firearms that arm violent drug cartels, fuel lawlessness along the Southern Border, and bring drugs into communities across the United States. 

    “We were pleased that President Trump agreed to address the outflow of hundreds of thousands of American-made firearms across the southern border when he initially postponed the implementation of tariffs on our ally Mexico. Accordingly, we urge you to utilize the FTO designation to take aggressive action to stem the flow of American guns to the cartels,” the Members wrote. 

    Anywhere between 200,000 and 500,000 American firearms are smuggled across U.S. borders into Mexico every year, arming Latin American criminal organizations that have used them to undermine domestic law enforcement and assert control over fentanyl and human trafficking operations back into the United States. 

    “The new FTO designation for these cartels provides additional legal tools to bolster interagency coordination, disrupt their financial networks, and impose stricter penalties on those who provide material support to these criminal enterprises. Specifically, under current statute, it is unlawful to knowingly provide material support or resources to a Foreign Terrorist Organization and those who do so can be fined or imprisoned for up to 20 years,” the Members continued. 

    The members urged the administration to effectively and strategically employ the full suite of legal options this new designation enables and offered their assistance to empower it to specifically address the “Iron River” of American firearms that are fueling violence and destruction in communities across the United States and Mexico. 

    “We hope that you move swiftly and use these new legal authorities to combat southbound arms trafficking. We stand ready to assist in this effort in any way we can, including through legislation that expands your programmatic authorities to address this critical issue,” the Members concluded. 

    Read the letter here or below: 

    Dear Secretary Noem, Secretary Rubio, and Attorney General Bondi: 

    We write to you today regarding the Trump Administration’s recent designation of eight Latin American cartels and gangs as Foreign Terrorist Organizations (FTOs), a move aimed at addressing the growing harms these organizations are causing in the United States. As you know, the primary source of strength and control that these criminal organizations exert over the U.S./Mexico border stems from one source: American firearms. We were pleased that President Trump agreed to address the outflow of hundreds of thousands of American-made firearms across the southern border when he initially postponed the implementation of tariffs on our ally Mexico. Accordingly, we urge you to utilize the FTO designation to take aggressive action to stem the flow of American guns to the cartels.  

    It is a well-established fact that the overwhelming majority of the weapons used by Latin American cartels are manufactured in the United States. In fact, anywhere from 200,000 to 500,000 are smuggled into Mexico every single year and a whopping 70 percent of firearms recovered at crime scenes in Mexico are traced to the U.S. Alarmingly, although Mexico has just a single gun store in the entire country, it still endures approximately 30,000 firearm related deaths every year. This steady supply of weapons coming in from the north has allowed these criminal organizations to gain control over fentanyl and human trafficking across the border and undermine Mexican law enforcement. 

    Put simply, if we do not stop the flow of American-made guns across the southern border to Mexico, we cannot stop the flow of fentanyl into our country over that same border.  

    The new FTO designation for these cartels provides additional legal tools to bolster interagency coordination, disrupt their financial networks, and impose stricter penalties on those who provide material support to these criminal enterprises. Specifically, under current statute, it is unlawful to knowingly provide material support or resources to a Foreign Terrorist Organization and those who do so can be fined or imprisoned for up to 20 years. Individuals and entities that provide weapons, funds, equipment, or other tangible support to designated terrorist organizations can face serious federal prosecution if found liable.   

    To leverage this designation most effectively, the Department of Homeland Security (DHS), Department of Justice (DOJ) and Department of State (DOS) must take immediate steps to crack down on the “Iron River” of illegal arms flowing into Mexico by taking the following actions: 

    Increasing interagency cooperation to track, target, and dismantle smuggling rings that facilitate weapons trafficking across the Mexican border.  

    Expanding inspections at border crossings to intercept vehicles carrying firearms, related munitions, and other contraband into Mexico.  

    Increasing law enforcement efforts against straw purchasers and firearm dealers that knowingly provide material support to smugglers.  

    Strengthening our intelligence-sharing with Mexican authorities and trusted partners to target and disrupt arms traffickers and their networks. 

    Given that this issue has been a key topic of discussion between President Trump and President Sheinbaum of Mexico – which has resulted in the U.S. government agreeing to work together to stop the flow of firearms into Mexico – we hope that you move swiftly and use these new legal authorities to combat southbound arms trafficking. We stand ready to assist in this effort in any way we can, including through legislation that expands your programmatic authorities to address this critical issue.  

    Thank you for your consideration and we look forward to continuing to work with you on this issue. 

    ### 

    MIL OSI USA News

  • MIL-OSI USA: Bacon, Gottheimer Demand Answers from the Administration on U.S.-Houthi Agreement, Ongoing Threat to Israel

    Source: United States House of Representatives – Congressman Don Bacon (2nd District of Nebraska)

    Bacon, Gottheimer Demand Answers from the Administration on U.S.-Houthi Agreement, Ongoing Threat to Israel

    Washington, DC — Today, May 9, 2025, U.S. Representatives Don Bacon (NE-2) and Josh Gottheimer (NJ-5) led a bipartisan group of colleagues in sending a letter to President Trump and Acting National Security Advisor Marco Rubio demanding clarity on the May 6 agreement with the Iranian-backed Houthi forces. 

    The deal made with the Houthis would halt all U.S. strikes against the terrorist group without addressing the ongoing threat to Israel, our key democratic ally. Shortly after the announcement, the Houthis declared their intent to continue targeting Israeli civilians, despite the U.S. agreement.

    “On May 4 — just two days before this deal was struck — a Houthi missile reached Israeli territory, injuring six and disrupting operations at Israel’s primary international airport. That such an attack could occur after extensive efforts by the Administration to target the Houthis, and then be followed by a negotiated cessation of strikes, sends the wrong message to both our allies and adversaries: that U.S. resolve is negotiable and that aggression against our allies will go unpunished by the United States,” the Members of Congress wrote in a letter to President Trump and Acting National Security Advisor Rubio. 

    The letter continues, “We urge the Administration to engage closely with our Israeli partners to ensure that any diplomatic or military arrangements fully protect Israel’s security interests and do not embolden Iranian proxies. As Members of Congress, we have a constitutional responsibility to ensure that the use of American military force is both properly authorized and strategically effective. We expect a timely briefing rooted in a strategy that defends our allies, restores deterrence, and reaffirms our global leadership.”

    “The Houthi threat to global shipping cannot be separated from the danger this terrorist group continues to pose to U.S. forces in the region as well as to our allies like Israel. Ultimately, Iran is at the heart of this threat,” said Tyler Stapleton, Director of Government Relations at FDD Action. “Iran’s financial assistance and transfers of advanced weapons to the Houthis must be addressed and until they are, any agreement with this terrorist group will achieve only temporary calm. The Trump administration must develop and work with Congress to implement a long-term strategy to degrade the Houthi threat and hold Iran accountable for its continued support to this terrorist group.”

    In addition to Bacon and Gottheimer, Reps. Tom Suozzi (NY-3), Dan Goldman (NY-10), and Greg Stanton (AZ-4) also signed the letter. 

    Full text of the letter can be found here and below:

    Dear President Trump and Acting National Security Advisor Rubio,

    We are writing to express our serious concern over the agreement reached on May 6 with the Iranian-backed Houthi forces in Yemen, which halts U.S. strikes against Houthi targets without addressing the threat to Israel. Shortly after the announcement, the Houthis declared their intent to continue targeting Israeli civilians, despite the agreement with the United States. This decision leaves Israel dangerously vulnerable and fails to confront the broader threat posed by Iran’s proxy network. 

    After months of sustained operations—including more than 800 U.S. and coalition air and missile strikes—the Houthis remain not only operational, but increasingly emboldened, regularly launching ballistic missiles toward Israeli territory. This is unacceptable. The fact that such a deal was made despite the Houthis’ continued aggression underscores a troubling lack of strategic coherence. 

    Since Hamas’ brutal October 7 terrorist attacks against Israel, the Houthis have openly declared their unwavering support for Hamas and Iran’s broader proxy network, launching missile and drone strikes targeting Israel and global shipping in the Red Sea. These operations have not only endangered Israeli civilians, but have also raised prices globally by disrupting one of the busiest global shipping routes in the world. 

    Notably, on May 4—just two days before this deal was struck—a Houthi missile reached Israeli territory, injuring six and disrupting operations at Israel’s primary international airport. That such an attack could occur after extensive efforts by the Administration to target the Houthis, and then be followed by a negotiated cessation of strikes, sends the wrong message to both our allies and adversaries: that U.S. resolve is negotiable and that aggression against our allies will go unpunished by the United States.

    Moreover, this ceasefire fails to address the root of the problem: Iran’s supply of advanced weapons, intelligence, and training to the Houthis. Without a strategy that targets Tehran’s supply lines, any agreement with the Houthis is merely a tactical pause and leaves Israel exposed.

    Given these serious concerns, we are requesting a briefing to Congress by no later than May 19 that includes:

    • The full details of the May 6 agreement, including a strategy for how Israel will be engaged throughout its implementation;
    • An assessment of the Houthis long-range missile capabilities, specifically their ability to target Israeli territory;
    • An examination of Iran’s supply of weapons systems to the Houthis, including how these supply routes have evaded U.S. forces;

    We urge the Administration to engage closely with our Israeli partners to ensure that any diplomatic or military arrangements fully protect Israel’s security interests and do not embolden Iranian proxies. As Members of Congress, we have a constitutional responsibility to ensure that the use of American military force is both properly authorized and strategically effective. We expect a timely briefing rooted in a strategy that defends our allies, restores deterrence, and reaffirms our global leadership.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Bergman: President Trump’s Memorandum a Big Win for the Great Lakes

    Source: United States House of Representatives – Congressman Jack Bergman (MI-1)

    Today, as first reported in the Detroit News, President Donald J. Trump is expected to sign a memorandum directing his Administration to “expeditiously implement the most effective mechanisms, barriers, and other measures to prevent the migration and expansion of invasive carp in the Great Lakes Basin and surrounding region.”  Less than one month ago, Rep. Jack Bergman, joined by Michigan GOP colleagues Rep. John Moolenaar, Rep. Tim Walberg, and Rep. John James sent a scathing letter to Illinois Governor J.B. Pritzker calling for him to reverse course on a recent politically charged decision that would jeopardize efforts to keep invasive Asian Carp out of the Great Lakes after he halted the Brandon Road Interbasin Project.

    Rep. Bergman stated, “I once again commend President Trump for delivering on his promises to Michigan. By advancing the long-overdue construction of a new Soo Lock, accelerating the Line 5 tunnel project, securing a critical new fighter mission at Selfridge, and taking decisive action to prevent the spread of invasive Asian Carp in our Great Lakes, President Trump has proven his unwavering commitment to Michigan’s infrastructure, economy, and environment.”

    You can read Rep. Bergman’s full letter to Gov. Pritzker here.

    Read the full Detroit News article here.

    MIL OSI USA News

  • MIL-OSI USA: Reps. Obernolte, Stevens, Weber, Hudson introduce new legislation to expedite quantum computing applications in USA

    Source: United States House of Representatives – Congressman Jay Obernolte (R-Hesperia)

    U.S. Congressman Jay Obernolte (R-CA) introduced the Quantum Sandbox for Near-Term Applications Act alongside co-leads Rep. Haley Stevens (D-MI), Rep. Randy Weber (R-TX), and Rep. Richard Hudson (R-NC). The bill aims to increase quantum technology commercial advancement through the creation of a quantum sandbox program. This program allows government and industry partners to come together to develop and deploy quantum and quantum-hybrid applications for near-term use.

    U.S. Congressman Jay Obernolte (R-CA) introduced the Quantum Sandbox for Near-Term Applications Act alongside co-leads Rep. Haley Stevens (D-MI), Rep. Randy Weber (R-TX), and Rep. Richard Hudson (R-NC). The bill aims to increase quantum technology commercial advancement through the creation of a quantum sandbox program. This program allows government and industry partners to come together to develop and deploy quantum and quantum-hybrid applications for near-term use. 

    “Quantum computing is a game-changing advancement in technology. It will dramatically increase the speed at which computers can run algorithms and solve problems, enabling new opportunities to improve our supply chains, transportation networks, electrical grid, and our communication resilience,” said Rep. Obernolte. “The Quantum Sandbox for Near-Term Applications Act will help to ensure the United States remains a global leader in not only the development but also the deployment of new quantum technologies by providing a cloud-based venue for developers to produce quantum-enabled software tools from a variety of different systems for use in sectors such as telecommunications, financial services, healthcare and defense.” 

    “The application of quantum technologies in manufacturing is vital to the future competitiveness of Michigan manufacturers. The bipartisan Quantum Sandbox for Near-Term Applications Act will create testbeds to allow innovators to test quantum discoveries in real-world applications, like advanced manufacturing,” said Rep. Haley Stevens. “This legislation will ensure businesses and researchers here at home can apply this emerging technology and help Michigan businesses continue to grow and innovate.” 

    Unlike traditional computers which store and analyze data as either zeros or ones, quantum computers operate with quantum bits, known as qubits, which are complex dual systems of both zero and one simultaneously, a concept derived from quantum physics. Although fully developed commercial quantum computing remains years away, finding new ways to tackle critical challenges is a key objective of a quantum sandbox program. Once use cases are identified, the sandbox program can provide an expedited pathway to develop targeted applications through public-private partnerships. 

    The quantum sandbox program will drive U.S. innovation toward solving critical real-world challenges impacting American society and will augment the long-term basic research currently being conducted through the National Quantum Initiative.  

    What they’re saying: 

    D-Wave CEO Alan Baratz: “We commend Representatives Obernolte, Stevens, Hudson and Weber for their continued leadership on advancing near-term applications of emerging technologies like quantum and AI. We’re already seeing meaningful progress where quantum computing is providing computational advantages. For example, the U.S. Army Engineer Research and Development Center recently developed a quantum application for wildfire management. A dedicated program to accelerate near-term quantum applications is essential to incorporating hardware and software advancements, and the quantum sandbox legislation would do just that by enabling public-private partnerships to safely test and validate applications within a 24-month timeframe. This effort is key to demonstrating the real-world viability of quantum technologies. We strongly urge its enactment this Congress.” 

    Strangeworks Founder and CEO whurley: “As a nation, our leadership in quantum technology depends on bold, forward-thinking initiatives and the Quantum Sandbox Act is a perfect example. At Strangeworks, we strongly support this legislation, which expands access to quantum computing and accelerates the development of real-world, near-term applications. With continued investment and public-private collaboration, quantum technology holds the promise to transform entire industries—advancing medical breakthroughs, driving sustainability, strengthening national security, and redefining artificial intelligence. This bill represents a pivotal step in shaping a more innovative, resilient future, and we are proud to stand behind it.” 

    Celia Merzbacher, Executive Director, QED-C: “The Quantum Economic Development Consortium (QED-C®) seeks to grow the quantum economy through the development of quantum technologies for applications in sensing, communication, and computing. As documented in various QED-C reports, there are many use cases that experts believe are highly feasible and within grasp. The Quantum Sandbox act will accelerate the discovery and development of near-term applications and in the process will build the capacity for longer term innovation as well.” 

    Alliance for Digital Innovation Executive Director Ross Nodurft: “We commend Reps. Obernolte Stevens, Weber, and Hudson for their commitment to emerging technologies such as artificial intelligence and quantum computing, and the Quantum Sandbox bill is another step in the right direction. A quantum sandbox program is a critical program to provide rapid development of new and innovative cloud-based solutions to solve public-sector challenges, and we support enactment of this legislation.” 

    Dr. Rajeeb Hazra, President & CEO of Quantinuum: “As the world’s largest integrated quantum computing company, Quantinuum strongly supports the bipartisan Quantum Sandbox for Near-Term Applications Act. This legislation is essential to ensure the continued leadership of the U.S. in this critical emerging technology. By fostering application development and accelerating commercialization, the Act will help unlock solutions to some of today’s most complex challenges across a range of critical sectors—including healthcare, energy, national security and beyond.”

    Jitesh Lalwani, CEO Artificial Brain: “Artificial Brain warmly welcomes and urges the expeditious passage of the Quantum Sandbox Act. Our company is already developing and deploying our quantum software and hybrid QML solutions on quantum hardware through the cloud, achieving huge successes across all of our use cases, including in defense and energy. Artificial Brain has been a leading industry voice on the quantum computing advantages that are already here. Now is the moment for the U.S. to act boldly. The Congressional findings agree with our own clear message: Quantum innovation is critical and foundational to the United States and that quantum and hybrid applications can provide innovative near term solutions across the public and private sector. This is why it is imperative that our country shifts our focus to developing and deploying near-term applications. We must be positioned to develop an unrivaled quantum workforce and near-term application development or risk losing behind allies and adversaries alike. This shift will take total commitment, and we are pleased to see both the Congress and Administration as supportive champions so we can seize on these near-term, value-creating opportunities. This legislation might be one of the most consequential and bipartisan achievements for U.S. innovation of this congressional term.” 

    Paul Stimers, Executive Director of the Quantum Industry Coalition: “As the US quantum industry advances the commercialization of quantum technologies, it is increasingly important for the National Quantum Initiative to include a focus on near-term applications. The Quantum Industry Coalition commends Rep. Obernolte for addressing this issue, and looks forward to incorporating it into the National Quantum Initiative reauthorization process this year.” 

    ### 

    MIL OSI USA News

  • MIL-OSI United Kingdom: First HS2 rail tunnel breakthrough completed in Birmingham, as project reaches latest milestone

    Source: United Kingdom – Executive Government & Departments

    Press release

    First HS2 rail tunnel breakthrough completed in Birmingham, as project reaches latest milestone

    Longest railway tunnel ever built in West Midlands will help bring £10 billion into the region’s economy over the next decade.

    Bromford TBM Mary Ann breakthrough (9 May 2025) from HS2 Ltd

    • major construction milestone reached as first HS2 tunnel into Birmingham excavated
    • more than 30,000 jobs supported along the 140-mile route, providing highly skilled opportunities and driving up living standards, part of the government’s Plan for Change
    • HS2 will connect the UK’s biggest cities with faster and more reliable train journeys

    Passengers are closer to benefiting from faster, more comfortable travel between London and Birmingham as the first High Speed Two (HS2) rail tunnel in Birmingham is completed.  

    Today (9 May 2025), HS2’s tunnelling machine finalised the first excavation of the 3.5 mile Bromford tunnel, which connects Warwickshire and Birmingham.  

    Alongside slashing journey times and providing more seats for passengers, this major milestone will free up track space on the heavily congested West Coast Mail Line and allow more services to connect people to job opportunities that will put more money in their pockets, as outlined in the Plan for Change.

    Rail Minister, Lord Hendy, who attended the breakthrough event, said:

    Today marks a major milestone for the country’s biggest infrastructure project, opening up the HS2 gateway to Birmingham.

    This is the longest railway tunnel ever built in the West Midlands. It’s truly a monumental feat of engineering and represents huge progress. 

    Creating jobs, providing opportunities and supporting economic growth are at the heart of this project. 10,000 people and 400 businesses across the West Midlands alone are delivering this project as we speak, bringing £10 billion to the region’s economy over the next decade. 

    There is a lot of hard work still to do to get this project back on track. But today, people in the West Midlands can start to see this government’s Plan for Change connecting people with jobs, housing and opportunity.

    The Bromford Tunnel, which will soon become the longest railway tunnel in the West Midlands, starts in the Warwickshire village of Water Orton and ends in the Birmingham suburb of Washwood Heath.  

    The Washwood Heath site has spurred the development of a 24 hectare brownfield site, which will unlock land for commercial use and logistics space, creating opportunities for employers and the community and more than 1,000 new jobs for local people. 

    The tunnel boring machine, which created the Bromford Tunnel, was named Mary Ann by the local community, after the Warwickshire-born writer better known by her pen name, George Eliot.  

    Mary Ann excavated around one million tonnes of spoil during the tunnel drive. In line with HS2’s sustainability policy, the excavated earth is being reused to support construction of the nearby Delta Junction, a complex network of 13 viaducts that will enable high speed trains to travel between London, Interchange Station in Solihull and Birmingham Curzon Street Station. The excavated material is transported via dedicated haul roads to minimise the number of construction vehicles on public roads. 

    The Department for Transport is currently overseeing a fundamental reset of the HS2 programme to make sure the railway can be delivered safely and for the lowest reasonable cost.

    Rail media enquiries

    Media enquiries 0300 7777878

    Switchboard 0300 330 3000

    Updates to this page

    Published 9 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Major improvement scheme at Dawsons Corner and Stanningley Bypass planned to start this month

    Source: City of Leeds

    In February 2025, the Department for Transport gave the green light for £35.709 million funding to enable the council to deliver essential maintenance work, improving safety and reliability for people and businesses using Dawsons Corner and Stanningley Bypass.

    This forms part of a £44.179m total package with the West Yorkshire Combined Authority funding of £8.470m.

    Dawsons Corner connects the A647 Stanningley Road and the A6120 Ring Road, two of the most important routes in the city. Around 57,000 vehicles and 1,200 pedestrians and cyclists use Dawsons Corner every day. The scheme forms part of the Connecting Leeds strategy to maintain and improve Leeds’ Inner and Outer Ring Roads.

    Road users are now being urged to prepare as significant enabling work begins this month to make improvements to the A647/A6120 Dawsons Corner junction and complete joint replacement and resurfacing works on the Stanningley Bypass.

    Works involve substantial enlargement and realignment of the junction ahead of construction.

    The council work hard to prioritise, plan and co-ordinate complex schemes to ensure as least disruption as possible across our busy city. To help minimize disruption, part of the works are planned during the school summer holidays to take advantage of reduced traffic levels.

    Changes to the junction will reduce congestion and delays, helping to support economic growth across Leeds and Bradford. The reduction in congestion will also lead to a better environment in terms of improved air quality. Improvements are also planned to see better traffic flow, with bus journey times also reduced and improved safer crossing facilities for cyclists and pedestrians.

    The scheme will:
    • Improve safety for people walking, wheeling, and cycling
    • Improve connectivity in key areas by providing pedestrian and cycling facilities at the Dawsons Corner junction linking in with the Leeds Bradford Cycle Superhighway
    • Make bus journeys more reliable with improved bus facilities and dedicated bus lanes on the A647 Bradford Road
    • Widen the carriageway on the A6120 Ring Road to improve the junction and accommodate a shared pedestrian / cycle route
    • Improve connectivity between Leeds and Bradford, supporting economic growth, and improved access to jobs, education, healthcare, and leisure opportunities
    • Enhanced landscaping and planting features

    The council’s appointed contractor John Sisk are set to construct the scheme, which is scheduled to take up to 18 months to complete.

    Find out more
    Attend a drop-in event, see the plans and chat to a member of the team:
    • Thursday 15 May between 11am-7pm at Pudsey Civic Hall, Dawsons Corner, LS28 5TA

    Sign up to project updates and find out more by visiting this link.

    Councillor Jonathan Pryor, Leeds City Council’s deputy leader and executive member for economy, transport and sustainable development, said:
    “I am delighted to see works are set to commence this month – the need to improve the Dawsons Corner junction has been a major priority for some time. It’s important not only to improve traffic flow and air quality, but also support essential links to future housing growth and developments and for people to be able to access jobs more easily with consistent travel times.”

    “On Thursday 15 May 11am-7pm the council will hold a drop-in event at Pudsey Civic Hall, with your chance to view the plans and speak with the project team. We will keep residents regularly updated as the works progress and have set up a website https://dawsonscorner.commonplace.is/ with information about the project, along with plans and timescales. Local residents and businesses have been sent a letter to help them learn more about how the construction will impact them.”

    Sisk’s regional director Robin Metcalf said: “We’re delighted to be starting work on this important project and proud to be continuing our strong relationship with Leeds City Council. We’ve made commitments not only to deliver the scheme in a way that causes as little disruption as possible, but also to support the local economy by offering employment opportunities and using local businesses wherever we can. Our local teams will be on hand throughout the works to help keep things running smoothly and to work closely with the public as the project progresses.”

    MIL OSI United Kingdom

  • MIL-OSI USA: Burlison Joins Push to Scrap Biden’s $1 Trillion Energy Scam

    Source: United States House of Representatives – Representative Eric Burlison (R-Missouri 7th District)

    WASHINGTON, D.C. — Today, U.S. Representative Eric Burlison (MO-07) joined fellow House Republicans in calling for the full repeal of the Inflation Reduction Act’s (IRA) costly green energy subsidies. In a letter sent to Ways and Means Committee Chairman Jason Smith, the lawmakers warned that keeping even a single subsidy undermines conservative energy principles and jeopardizes America’s return to energy dominance.

    Republicans were elected on a promise to dismantle Biden’s Green New Scam,” said Rep. Burlison. “These subsidies are distorting the energy market, driving up costs, and threatening our grid. We must follow through—no half-measures, repeal it all.

    The letter emphasizes that the IRA’s nearly $1 trillion in subsidies for solar, wind, EVs, hydrogen, and more are not only fiscally irresponsible but also weaken national security, destabilize the energy grid, and betray Republican commitments to free-market energy policy.

    Read the full letter below.

    Dear Chairman Smith:
    As fellow Members of the House Republican Conference, we write to underscore the urgent need to fully repeal the Inflation Reduction Act (IRA) and its green energy subsidies, which will cost taxpayers approximately $1 trillion over the next decade. We are deeply concerned that President Trump’s commitment to restoring American energy dominance and ending what he calls the “green new scam” is being undermined by parochial interests and short-sighted political calculations. 
     

    The IRA contains eight major energy subsidies, each of which burdens taxpayers, inflates energy costs, and threatens the reliability of our power grid. Each of these subsidies props up unreliable energy sources while displacing dependable, proven energy like coal and natural gas.

    Republicans ran—and won—on a promise to completely dismantle the IRA and end the left’s green welfare agenda. The first chapter of our 2024 platform reaffirms our commitment to “terminating the Socialist Green New Deal.” Despite our previously unified stance, some Members of our conference now feel compelled to defend wind and biofuel credits, advocate for carbon capture and hydrogen subsidies, or protect solar and electric vehicle giveaways. Keeping even one of these subsidies opens the door to retaining all eight. How do we retain some of these credits and not operate in hypocrisy? The longstanding Republican position has been to allow the market to determine energy production. If every faction continues to defend their favored subsidies, we risk preserving the entire IRA because no clearly defined principle will dictate what is kept and what is culled. 

    Leaving IRA subsidies intact will actively undermine America’s return to energy dominance and national security. In 2024 alone, solar represented 61% of all new electricity generation in our nation, with more expected this year. By the end of this year, wind generation in the U.S. is expected to increase 11% from 2023 because of these subsidies.These numbers do not reflect a natural market shift. They are the result of government subsidies that distort the U.S. energy sector, displace reliable coal and natural gas and the domestic jobs they produce, and put the stability and independence of our electric grid in jeopardy.

    To see the consequences of this path, we need only to look at Europe’s overreliance on renewables, which has left them vulnerable and reliant on Russian oil and gas. Meanwhile, China gladly sells us solar panels and electric vehicle components while expanding its own coal capacity to maintain grid stability and economic advantage. If we do not course correct, we will trade American energy
    dominance for dependence on hostile regimes.

    Our path forward is clear. We must fully repeal the IRA’s green subsidies. Doing so will:
     

    • Save Taxpayers $1 trillion. Estimates project the Inflation Reduction Act will cost
      between $825 billion—according to the Congressional Budget Office as of January 2025—
      and over $1 trillion, per analysts at Goldman Sachs, over the next decade.4 Eliminating
      these subsidies will allow us to rein in the debt and reallocate funds to genuine national
      priorities.
    • Ease inflation and spur economic growth. IRA subsidies exacerbate inflation and push
      up interest rates, making it harder for Americans to buy homes and cars and start
      businesses. Repealing them will provide immediate financial relief and create a stronger
      economic environment.
    • Restore energy affordability and security. IRA subsidies force utilities to overbuild
      solar and wind capacity, weakening grid reliability and increasing energy costs. Ending
      these subsidies will restore affordability and stability to our energy supply.

    This is our only opportunity for an IRA repeal. Without effectively fully repealing all IRA subsidies, as envisioned under the House reconciliation framework, we would jeopardize America’s return to energy dominance and passage of an extension of the expiring Tax Cuts and Jobs Act (TCJA) provisions, as well as the President’s other tax priorities. Failure to act undermines the mandate given to us by the American people.

    We urge our colleagues to stand firm in the upcoming reconciliation process. We must reject half-measures and deliver a full repeal of the IRA’s energy subsidies for the sake of American taxpayers and for the future of American energy. 

    MIL OSI USA News