NewzIntel.com

Category: Economy

  • MIL-OSI USA: Senator Rand Paul Honored Retiring Murray State University President Dr. Bob Jackson in Bowling Green

    US Senate News:

    Source: United States Senator for Kentucky Rand Paul
     FOR IMMEDIATE RELEASE: 
    May 6th, 2025 
     Contact: Press_Paul@paul.senate.gov, 202-578-8903 
    Senator Rand Paul Honored Retiring Murray State University President Dr. Bob Jackson in Bowling Green 
    BOWLING GREEN, KY – U.S. Senator Rand Paul honored Dr. Bob Jackson, retiring President of Murray State University, during a recognition ceremony this week at the Senator’s State office 
    During his remarks, Senator Paul stated, “If you’re looking for people who are the next generation of farmers and agriculture, they’re most likely to be kids of people who are farming in agriculture. So, it’s great to have a university that has expertise in the agricultural sciences and the kids who want to remain in and have an opportunity. I see it as serving a great purpose. We’ve worked well with Doctor Jackson over the years, and we wish him success.” 
    “It has been an honor to work with Sen. Paul during these past many years as we worked to advance our Commonwealth and Murray State University,” said Dr. Bob Jackson. “Importantly, we greatly appreciate the Senator’s support of a School of Veterinary Medicine at Murray State University which will have a major and lasting impact on agriculture in Kentucky.” 
    Under Dr. Jackson’s leadership, Murray State established an accredited school of veterinary medicine—a transformative achievement aimed squarely at addressing the severe shortage of large-animal veterinarians in rural Kentucky. This initiative has positioned Murray State as a leader in supporting Kentucky’s animal agriculture economy, equipping local students to serve farm communities and helping ensure the long-term viability of the state’s livestock industry. 
    Dr. Jackson will retire on June 30, 2025, and begin serving as President Emeritus on July 1. During the ceremony, he presented Senator Paul with a commemorative gift from Murray State to be displayed in the State office. 

    MIL OSI USA News –

  • MIL-OSI Banking: Washington, D.C., Updates for May 2025

    Source: International Association of Drilling Contractors – IADC

    Headline: Washington, D.C., Updates for May 2025

    New Plan May Allow Companies to Start Drilling Sooner 

    The Department of Interior recently announced a plan that slashes environmental reviews to one month. Leaning on President Donald Trump’s declared energy emergency, the department aims to limit fossil project reviews to 28 days. The plan drew a mix of industry praise and warnings of legal fights to come.

    The move to expedite environmental reviews would only apply to certain projects, such as mining and oil and gas drilling. Wind and solar energy would be excluded, according to the Interior Department. 

    Interior Secretary Doug Burgum said in a statement:

    “The United States cannot afford to wait, we are cutting through unnecessary delays to fast-track the development of American energy and critical minerals—resources that are essential to our economy, our military readiness, and our global competitiveness.”

    The department plans to tap into emergency authorities to fast-track the completion of less-intensive environmental assessments, which can take about a year, to just 14 days. Projects requiring a full environmental impact statement are usually a two-year process that can include complex water quality analyses and a close look at the effects extraction could have on endangered species. Such projects will now be reviewed in less than a month.

    Interior is planning to apply the truncated review process to projects tied to the production of crude oil, natural gas, critical minerals, uranium, lease condensates, coal, biofuels, geothermal energy, kinetic hydropower, and refined petroleum products. The department also noted it will tap into emergency authorities under existing regulations–the National Environmental Policy Act, the Endangered Species Act, and the National Historic Preservation Act–to accelerate reviews and possibly approvals.

    In a letter accompanying the announcement, Interior offered companies a form letter to apply for the emergency processing, which could apply to both projects deemed unlikely to cause environmental damage and those expected to cause ecological harm. Once an applicant applies, the policy directs agencies to complete all environmental reviews “within approximately 14 days” if a project is “not likely” to cause environmental harm. For those predicted to cause damage, agencies could solicit comments from the public for approximately 10 days, followed by completing an environmental assessment within a month.

    By contrast, current NEPA procedures generally offer 45-day comment periods on draft environmental impact statements followed by 30-day comment periods for final ones. The directive deletes the requirement of a draft environmental impact statement, instead telling officials to finalize their reviews within the monthlong period.

    MIL OSI Global Banks –

  • MIL-OSI USA: Salinas, Lofgren, Padilla, Bennet Reintroduce Legislation to Provide Disaster Relief for Farmworkers

    Source: US Representative Andrea Salinas (OR-06)

    Washington, DC – Today, U.S. Representative Andrea Salinas (OR-06), the daughter of a former farmworker and a leader in the Congressional Hispanic Caucus, and Rep. Zoe Lofgren (CA-18), along with U.S. Senators Alex Padilla (D-CA) and Michael Bennet (D-CO), reintroduced the Disaster Relief for Farm Workers Act. This legislation would provide compensation for farmworkers who lose out on wages due to extreme weather, public health emergencies, and other disasters beyond their control. The bill was first introduced in the 118th Congress.

    “Extreme weather and natural disasters are only getting worse with climate change. Unfortunately, many of the hardworking individuals who grow and harvest our food do not receive direct financial support when they are forced to miss work and lose wages as a result of these disasters,” said Rep. Salinas. “My legislation would finally correct this injustice by providing federal disaster relief for farmworkers. This change is well-deserved and long-overdue, and I will continue to advocate for the brave men and women who help feed America.”

    “When extreme weather occurs, farmworkers across our country continue to feed the nation. And yet, these essential workers and their families face great uncertainty when unexpected disasters harm their communities and livelihood. For example, hundreds of farmworkers in my congressional district faced displacement and lost wages after severe flooding devastated the Pajaro community in early 2023. We owe them – and all farmworkers – more. The Disaster Relief for Farm Workers Act ensures America’s indispensable farmworkers can receive disaster relief funding they need and have earned,” said Rep. Lofgren.

    “California’s farm workers often work under extreme conditions to help put food on the table for hundreds of millions of Americans,” said Sen. Padilla. “But increasingly frequent natural disasters, including historic flooding in Pajaro, have devastated California’s agricultural communities. We must protect the heart of our nation’s food supply by providing critical emergency assistance to these essential workers.”

    “Agriculture is the backbone of Colorado’s economy and central to our Western way of life, but as climate-fueled disasters become increasingly common, our state’s farm workers are paying the price,” said Sen. Bennet. “Our bill will help ensure the people that grow America’s fruits, vegetables, and other crops get the assistance they need in the wake of emergencies like drought, wildfires, and other natural disasters.”

    Oregon is home to over 100,000 farmworkers, many of whom live and work in the Willamette Valley and power the state’s $42 billion agriculture economy. Yet despite their importance to our food systems, the average farmworker family in Oregon earns less than $25,000 per year. Ninety-six percent reported living in overcrowded housing and about thirty percent are living below the poverty line. When farmworkers cannot work due to extreme weather or other unexpected disasters, they can lose wages and even their jobs—pushing them deeper into housing and food insecurity.

    The Disaster Relief for Farm Workers Act would address this problem by providing direct relief funding for farmworkers. Specifically, this bill would:

    • Make grants available to eligible farmworker organizations to provide emergency relief to farm workers affected by a disaster.
    • Ensure USDA develops and executes a promotional plan prior to and throughout the distribution of the relief grants to increase awareness of the assistance available.
    • Require USDA to work with eligible farmworker organizations.
    • Provide definitions for a covered disaster, eligible farmworker organization, and migrant or seasonal farmworker.
    • Amend Section 2281 of the Food, Agriculture, Conservation, and Trade Act of 1990 to allow for emergency assistance for farmworkers.

    In addition to Reps. Salinas and Lofgren, the Disaster Relief for Farm Workers Act is cosponsored by Reps. Nanette Barragán (CA-44), André Carson (IN-07), Judy Chu (CA-28), Jim Costa (CA-21), Suzan DelBene (WA-01), Lloyd Doggett (TX-37), Maxwell Frost (FL-10), Robert Garcia (CA-42), Jared Huffman (CA-02), Kevin Mullin (CA-15), Eleanor Holmes Norton (DC-AL), Alexandria Ocasio-Cortez (NY-14), Melanie Stansbury (NM-01), Marilyn Strickland (WA-10), Rashida Tlaib (MI-12), Paul Tonko (NY-20), and Juan Vargas (CA-52).

    The legislation is endorsed by the following organizations, in alphabetical order: A Better Balance, Alianza Americas, Alianza Nacional de Campesinas, Association of Farmworker Opportunity Programs (AFOP), Borderlands Resource Initiative, California Human Development, Campesinos Sin Fronteras, Care in Action, CASA of Oregon, Center for Employment Training, Central Coast Alliance United for a Sustainable Economy (CAUSE), Central Valley Opportunity Center, Centro de los Derechos del Migrante, Inc (CDM), Child Labor Coalition, CHILDREN AT RISK, CIERTO, Civic Empowerment Coalition, Coalition for Humane Immigrant Rights (CHIRLA), Columbia Legal Services, CRLA Foundation, Davidson County Local Food Network, El Futuro es Nuestro, Farm Worker Ministry Northwest, Farmworker and Landscaper Advocacy Project-FLAP, Farmworker Housing Development Corporation (FHDC), Farmworker Justice, Food Empowerment Project, GALEO Impact Fund, Hand in Hand/Mano en Mano, Hispanic Affairs Project, Hispanic Federation, Houston Immigration Legal Services Collaborative, Immigrant Defenders Law Center, La Union del Pueblo Entero (LUPE), Latino Outdoors, League of Conservation Voters, Make the Road CT, Make the Road NJ, Make the Road NV, Make the Road NY, Make the Road PA, Make the Road States, Michiganders for a Just Farming System, National Association of Social Workers, National Association of Social Workers – Florida and Virgin Islands Chapter, National Consumers League, National Domestic Workers Alliance, National Employment Law Project, National Migrant and Seasonal Head Start Association, NC FIELD, Inc., NETWORK Lobby for Catholic Social Justice, North Carolina Council of Churches, North Carolina Farmworker Advocacy Network, North Carolina Justice Center, Nourish Up, Opportunity Arizona, Oregon Human Development Corporation, Organización en California de Lideres Campesinas, Inc, PCUN, Oregon’s Farmworker Union, Pesticide Action and Agroecology Network (PAN), Popular Democracy, Presente.org, Progress Michigan, Proteus Inc., Puente de la Costa Sur, Sikh American Legal Defense and Education Fund (SALDEF), Slow Food USA, Student Action with Farmworkers, Sur Legal Collaborative, TODEC Legal Center, Toxic Free North Carolina, UFW Foundation, Unidos Yamhill County, United Farm Workers, Voces Unidas de las Montañas.

    “Farm workers are always on the front lines of fires, floods, and storms — yet are too often excluded from federal disaster relief programs,” said Teresa Romero, President of United Farm Workers (UFW). “If the federal government can provide emergency support to farm owners who lose crops in natural disaster, then the federal government can emergency provide support to farm workers who lose work in that same disaster. The Disaster Relief for Farm Workers Act will ensure that farm workers who put food on all our tables can continue to put food on their family’s table when disaster strikes.”

    “Every year we see an alarming number of natural disasters that drastically and disproportionately impact the farm worker community. As climate change gets worse, these types of disasters will only worsen and farm workers are the ones who are affected the most by these calamities. Just last year, we saw heavy California rains flooding Ventura County farm areas and Hurricane Helen devastating Georgia’s farm worker communities, leading to organizations like ours stepping up to do what we can. But that is not enough. We must have a federal response to these kinds of disasters. From wildfires to tornadoes to hurricanes, farm workers have little to no safety net to help them recover from unexpected disasters,” said Erica Lomeli Corcoran, Chief Executive Officer at UFW Foundation. “This is exactly why the UFW Foundation is supporting the Disaster Relief for Farm Workers Act. It would provide resources and aid to those who truly need it and would ensure that those responsible for our nation’s food supplies are not overlooked, as they have been in the past. Farm workers have been largely ignored and neglected by the law, shut out from basic protections provided to all workers. It is time that Congress acts and ensures that our nation’s farm workers are given the support they need to overcome times of emergencies and to provide equity to all workers.” 

    “Farmworkers are frontline workers, which means they are the hardest hit by the impacts of extreme weather conditions across the country. Many farmworkers feel that they are risking their health with extreme heat and colder days, but losing even one day of work is not an option for their families’ economic situation. Outdoor protections are important, yet there are days that are becoming too extreme to even be outside. Our vision is to be a resilient workforce for the agricultural industry. Disaster relief means we can start investing in addressing the issues that workers are facing today by building resilience for climate change in the future, without sacrificing the economic well-being of farmworkers,” said Reyna Lopez, Executive Director of Pineros y Campesinos Unidos del Noreste (PCUN).

    To read the full text of the legislation, click here.

     

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    MIL OSI USA News –

  • MIL-OSI USA: NREL Partners With Chilkat Indian Village To Improve Housing in Klukwan, Alaska

    Source: US National Renewable Energy Laboratory

    The majority of housing in Klukwan consists of modular units imported from the Lower 48 in the 1970s, not well-suited to the extremes of Alaska. Photo by Molly Rettig, NREL

    A team of National Renewable Energy Laboratory (NREL) researchers and Tribal staff gathered around the wood stove in Charlie Spud’s home, trying to figure out why it was not drawing air.

    “Every time I turn on the bath fan, the stove backdrafts,” said Spud, 61, who built the home 13 years ago with his wife Joanne.

    “That’s not good—it can bring carbon monoxide into the home,” said Jack Hébert, a senior research advisor at NREL’s Alaska Campus and a long-time Alaska homebuilder.

    The cozy, cedar-sided home overlooks the wide, braided Chilkat River and the massive snowcapped peaks straddling the Alaska-Canada border, where the Tlingit people have lived for thousands of years. Long before Alaska was a state, or the nearby fishing town of Haines appeared, this was a gathering spot for the Chilkat Tlingits (known as the Jilkáat Kwáan) who traveled to these shores by canoe to trade and share feasts of the region’s bounty.

    During a housing assessment, Charlie Spud (left) and Jack Hébert (center) troubleshoot why Spud’s stove is backdrafting. Photo by Molly Rettig, NREL

    A colorful wood carving on the living room wall honored the eagle—or Ch’áak’—clan that Joanne descends from. Like many in Klukwan, Alaska, Charlie and Joanne still spend a lot of time outdoors, hunting, fishing, and picking berries that grow in the lush Chilkat Valley.

    After investigating the stove and crawling around the attic with an infrared camera, the team discovered a lot of air leaking around the stovepipe into the attic, then escaping outside. It was due to stack effect, Hébert said, which occurs when heat rises within a building due to temperature differences between indoors and outdoors.

    “So much air is leaking around the pipe that it’s overpowering the fire’s ability to get oxygen. So, the fire has to pull air from inside the stack, which can bring dangerous gases into the home,” Hébert said.  

    He emphasized the importance of introducing outside combustion air into the area near the stove and made a note on the survey: Seal ceiling penetration around pipe to reduce stack effect.

    ‘Housing and Jobs: You Can’t Build a Community Without Either’

    This is one of many problems Klukwan is tackling as part of a $1 million award through the U.S. Housing and Urban Development’s Office of Lead Hazard Control and Healthy Homes. Since 1999, HUD has invested in hundreds of communities across the United States to make low-income households safer, healthier, and more affordable. Over the past decade, NREL has assisted 15 Alaska communities to implement these programs, including Buckland, Gakona, and—currently—Fairbanks Neighborhood Housing Services, helping direct a total of $16 million toward reducing in-home hazards.

    The goal of these programs is not only to improve housing but also to build a workforce that benefits local economies.

    “This project is about housing and jobs. You can’t build a community without either,” said Shawna Hotch, Tribal liaison for the Tribe, who oversees a variety of initiatives related to housing, energy, health, and more.

    Shawna Hotch is the Tribal liaison for the Chilkat Indian Village, NREL’s partner on the Healthy Homes project. Photo from Shawna Hotch

    Housing has long been a priority for the small Southeast Alaska community of 81 people. While the village has been around for thousands of years, most of its current housing was built in the 1970s and consists of modular units imported from the Lower 48 states. Today they are dilapidated, leaky, and expensive to heat. Housing surveys conducted in 2023, also in partnership with NREL, revealed high rates of mold, indoor air quality problems, and overcrowding and led the Tribe to pass a resolution declaring a housing emergency.

    New housing is critical to the community’s growth, yet high costs have inhibited construction. Many Tribal members share homes with multiple generations, move out of the community, or add mobile homes onto their permanent structures for more space.

    Charlie Spud’s daughter, Karlie, left the state four years ago when she had her first child because she could not find housing in Klukwan. Last year, when her brother moved out of their childhood home, Karlie came back to the village. Now she lives there with her daughter and works at the clinic across the street. 

    “In Klukwan, it’s really bad. If someone in your family passes away, that’s about the only way you can get a house. Some people buy mobile homes or kits from Canada, but there’s nothing affordable that will also keep you warm and comfortable,” Karlie said.

    NREL Researcher Chan Charoonsophonsak (right) documents housing conditions with Chilkat Indian Village staff. Photo by Molly Rettig, NREL

    In light of that shortage, they are fixing up what they have. Hotch enlisted NREL’s building and energy experts to perform building assessments and guide the retrofits to ensure they deliver long-term health and economic benefits to residents.

    “I love working with NREL. I’m not an energy expert—I work on so many different initiatives related to geohazards, health, and land protections that it’s very valuable to me to be able to trust these Alaskan experts,” Hotch said.

    Jilkaat Kwaan Heritage Center in Klukwan, Alaska, sits on the banks of the Chilkat River. Photo by Molly Rettig, NREL

    NREL Surveys Inform Retrofit Work To Make Warmer, Safer Housing

    In March, the assessment team made up of NREL building experts, Tribal staff, and private contractors visited 11 homes, interviewing residents, testing for lead paint and radon, and inspecting foundations, walls, windows, and appliances. The cold, wet climate of Southeast Alaska can be hard on homes, and many showed signs of moisture and mold. Other residents complained about cold floors, leaky roofs, or broken outlets.

    Charlene Katzeek lives in a double-wide trailer on a raised foundation overlooking the Chilkat Mountains. At age 75, she likes listening to audiobooks while she drinks coffee and plays cards. Her daughter, Deanna, the village public safety officer in Klukwan, often stops by to visit and help with housework, since Charlene is losing her eyesight. While the home is in pretty good shape, Charlene is on a fixed income and wants to reduce energy use.

    “There’s a big hole under the window. When my husband was alive, he would ask me to go outside and he could wave to me through the trim,” Charlene said, chuckling.

    Shawna Hotch visits the Jilkaat Kwaan Heritage Center in Klukwan. Photo from Shawna Hotch

    The assessment team found additional cold spots in the house that could be sealed and suggested upgrades to improve indoor air quality, such as removing old carpet and increasing ventilation.

    “In a cold climate, we build very tight homes and spend so much of our time inside in the winter,” NREL’s Hébert said. “Bringing fresh air into the home keeps everyone healthy and can really address our exceptionally high rates of respiratory illness in Alaska.”

    The housing assessment team included (left to right) Tim Ewing with Chilkat Indian Village, Chan Charoonsophonsak (NREL), Trevor Luedke (Steller Inspections), Jack Hebert (NREL), and Charlie Spud (Chilkat Indian Village). Photo by Molly Rettig, NREL

    After finishing the assessments, the team started poring over the data to make a plan for each house. Retrofit work is expected to begin this summer, as fishing, road construction, and other seasonal jobs take off.

    Just like those efforts, this project will strengthen the economy and make Klukwan a healthier, more vibrant place to live.

    Learn more about research at NREL’s Alaska Campus.

    MIL OSI USA News –

  • MIL-OSI USA: Proposition 123 Land Banking Funds to Support New Housing Options Coloradans can Afford Across the State

    Source: US State of Colorado

    DENVER – Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced 21 recipients of voter-approved Proposition 123 Land Banking funds. This funding is intended to support Colorado communities as they acquire and preserve land for an estimated 1,892 home ownership and multi-family rental apartments, including plans in Colorado Springs, Fort Collins, Fruita, Montrose, and Pagosa Springs.

    “These funds are an important first step to create 1,892 homes people can afford across the state, helping more Coloradans live where they want to live — close to their jobs, schools, and the places they love.” said Gov. Jared Polis. 

    Among the recipients, the Boulder Housing Coalition plans to acquire and convert an historic Denver mansion into affordable housing supporting households with incomes 30 – 80% of the Area Median Income (AMI). A Montrose project by Community Options Inc. plans to serve neurodiverse households with incomes 40 – 60% of AMI. And the proposed Bradley Ridge Apartments in Colorado Springs will include an early childhood education center and serve households earning at or below 60% AMI. 

    “A strong economy includes good-paying jobs and housing for every income level. The recipients announced today will introduce new home ownership and rental opportunities in communities across the state, meeting a wide variety of needs, including those transitioning out of homelessness, neurodiverse families, and childcare opportunities. We are excited to support strong economies across the state,” said Eve Lieberman, OEDIT Executive Director. 

    Availability of land is considered one of the most significant barriers to affordable housing development. The Land Banking program provides grants to local and tribal governments and forgivable loans to nonprofits with a demonstrated history of providing affordable housing to support the acquisition and preservation of land for affordable for-sale and rental housing development. 

    “The funds awarded through the Land Banking program are an investment in a stronger Colorado, supporting communities in securing the land they need to respond to local housing needs. These efforts lay the foundation for greater housing stability and economic prosperity,” said Thomas Bryan, Executive Director and Chief Executive Officer of CHFA.

    A total of $47,994,762 will be awarded to 21 recipients, who will be required to complete statutory milestones over the coming years including achieving proper zoning, finalizing development plans, and securing development funding and permits. The Area Median Incomes (AMIs) proposed by the recipients range from 20% AMI for those transitioning out of homelessness up to 100% AMI for homeownership. The awardees include: 

    • Boulder Housing Coalition: 19 rental units for the 1350 N Logan, Denver, $430,000 Broomfield Housing Alliance: 72 rental units for the 11795 Colmans Way,
    • Broomfield, $3,500,000
    • Commerce City Housing Authority: 120 rental and homeownership units for The Foundry, Commerce City, $4,750,000
    • Commun Denver: 173 rental and homeownership units for the Loretto Commons, Denver, $2,500,000
    • Community Options Inc.: 50 rental units for the TBD Hilltop Apartments, Montrose, $1,250,000
    • Elevation Community Land Trust II: 44 homeownership units for the Miners Haus, Golden, $1,400,000
    • Fairview Housing Partners Ltd: 144 rental units for the Flats at Sand Creek, Colorado Springs, $4,050,000
    • Foothills Regional Housing: 220 rental units for the Ridge Road, Wheat Ridge, $2,100,000
    • GES Coalition, Inc.: 60 rental and homeownership units for the Brighton Blvd-GESC, Denver, $3,571,429
    • Habitat for Humanity Fort Collins: eight homeownership units for the Bloom Cottages, Fort Collins, $600,000
    • Habitat for Humanity of Metro Denver, Inc.: 40 homeownership units for the Calvary Flats Affordable Homes, Golden, $1,200,000
    • Habitat for Humanity St Vrain: 35 homeownership units for the Habitat 15th and Terry Street Neighborhood, Longmont, $1,558,333 Metro Caring: 139 rental units for the Metro Caring Affordable Housing, Denver, $3,485,000 Pagosa Springs Community Development Corporation: 11 rental and homeownership units for the Affordable Housing Phase 4, Bonita Dr., Pagosa Springs, $200,000 Pikes Peak Real Estate Foundation: 336 rental units for the Bradley Ridge Apartments, Colorado Springs, $4,850,000 The City of Fruita: 100 rental and homeownership units for The Fruita Commons, Fruita, $1,500,000
    • The Inn Between of Longmont: 40 rental units for the 1886 Hover, Longmont, $1,750,000 The NHP Foundation: 158 rental units for the Liora, Denver, $3,850,000
    • Thistle Community Housing: 48 rental and homeownership units for the Fairways Phase II, Boulder, $2,600,000
    • Urban Land Conservancy II: 66 rental units for the Liberty House, Denver, $2,450,000
    • West Colfax Lampstand: 9 homeownership units for the Flats at Harlan, Lakewood, $400,000 

    Applications were evaluated according to priorities outlined in statute, including high-density housing, mixed-income housing, and environmental sustainability. The selection process also considered accessibility to transit and walkable access to community services, readiness to proceed, financial feasibility, geographic distribution, and total number of units proposed, all priorities outlined by the Governor’s Executive Order to address Colorado’s housing supply. 

    The Land Banking program is part of the Affordable Housing Financing Fund, established by Proposition 123, managed by OEDIT and administered by CHFA. Ongoing updates are available by signing up to receive newsletter updates. 

    About the Colorado Affordable Housing Financing Fund 

    Passed by voters in November 2022, Proposition 123 established the State Affordable Housing Fund to advance the development and preservation of affordable housing in Colorado. The measure directs 40% of those funds to the Colorado Affordable Housing Support Fund administered by the state Department of Local Affairs (DOLA) and 60% of funds to the Colorado Affordable Housing Financing Fund managed by OEDIT. OEDIT selected Colorado Housing and Finance Authority (CHFA) to serve as the Affordable Housing Financing Fund third-party administrator. The Affordable Housing Financing Fund consists of three programs: Land Banking, Equity and Concessionary Debt. 

    About the Colorado Office of Economic Development and International Trade (OEDIT) 

    The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado’s economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire—and make it accessible to everyone. Learn more about OEDIT. 

    About Colorado Housing and Finance Authority (CHFA) 

    For more than 50 years, CHFA has strengthened Colorado by investing in affordable housing and community development. CHFA invests in affordable homeownership, the development and preservation of affordable rental housing, helps small- and medium-sized businesses access capital, offers technical assistance and financial support to strengthen local communities, and supports mission-aligned nonprofits through philanthropic investment. CHFA is not a state agency. CHFA is a self-sustaining public enterprise. For more information about CHFA, please visit chfainfo.com or call 1.800.877.chfa (2432).

    MIL OSI USA News –

  • MIL-OSI: Turbo Energy Showcasing Its Line of Innovative Ai-Optimized Sunbox Energy Storage Solutions at Intersolar Europe 2025

    Source: GlobeNewswire (MIL-OSI)

    VALENCIA, Spain, May 07, 2025 (GLOBE NEWSWIRE) — Turbo Energy S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced that the Company is showcasing its growing line of smart SUNBOX energy storage solutions at Intersolar Europe, being held in Munich, Germany beginning today and continuing through Friday, May 9, 2025.  As the world’s leading exhibition for the solar industry, Intersolar consistently attracts more than 110,000 participants each year, providing a premier opportunity to connect with partners, customers and peers across Europe and beyond. For Turbo Energy, this event is expected to play a vital role in sharing its latest energy storage advancements, strengthening business relationships and continuing to expand the Company’s impact on the global renewable energy market.

    Join Turbo Energy at Intersolar Europe 2025 in Munich, Germany at Booth B1.430 in Hall B1

    Turbo Energy can be found at Booth B1.430 in Hall B1, where several of the Company’s senior executives and top technical, sales and marketing representatives will be on hand to discuss how AI-enabled SUNBOX  solutions for residential, commercial/industrial and utility-scale applications are helping to transform the way energy is stored and managed. 

    NOTE TO MEDIA:  To schedule an interview with a member of Turbo Energy’s senior management on-site at the event, please contact Silvia Perez Rios at silviaperez@turbo-e.com. 

    About Turbo Energy, S.A.

    Founded in 2013, Turbo Energy is a globally recognized pioneer of proprietary solar energy storage technologies and solutions managed through Artificial Intelligence. Turbo Energy’s elegant all-in-one and scalable, modular energy storage systems empower residential, commercial and industrial users expanding across Europe, North America and South America to materially reduce dependence on traditional energy sources, helping to lower electricity costs, provide peak shaving and uninterruptible power supply and realize a more sustainable, energy-efficient future. A testament to the Company’s commitment to innovation and industry disruption, Turbo Energy’s introduction of its flagship SUNBOX represents one of the world’s first high performance, competitively priced, all-in-one home solar energy storage systems, which also incorporates patented EV charging capability and powerful AI processes to optimize solar energy management.  Turbo Energy is a proud subsidiary of publicly traded Umbrella Global Energy, S.A., a vertically integrated, global collective of solar energy-focused companies.  For more information, please visit www.turbo-e.com.

    Forward-Looking Statements

    Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including the risks described in our registration statements and annual report under the heading “Risk Factors” as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

    For more information, please contact:
    At Turbo Energy, S.A.                                                                          
    Dodi Handy, Director of Communications                            
    Phone: 407-960-4636                                                                          
    Email: dodihandy@turbo-e.com 

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    The MIL Network –

  • MIL-OSI United Kingdom: ‘Move Together’ campaign to tackle huge physical inactivity challenges

    Source: City of Wolverhampton

    Move Together is a unifying movement that seeks to break down the barriers to activity, empowering every resident – regardless of age, ability, or background – to become more physically active.

    Paralympic legend Ellie Simmonds MBE is fronting the campaign, which was launched this week. She was joined by representatives from the 4 local authorities and a range of community partners.

    Ellie said: “Being active has always been such an important part of my life. It hasn’t just been for my physical health, but for my confidence, mental health and happiness.

    “The best thing is that you don’t even have to be an athlete to feel the benefits – or have ever done sports. Whether it’s a walk with friends, dancing in your living room, or joining a local group, moving and being active can make a massive difference.

    “That’s why I’m so proud to be here to support the Move Together campaign – because everyone deserves the chance to feel the joy and freedom that being active can bring.”

    The campaign, running in 3 phases until October 2025, will raise awareness of the spaces and places where people can move more and be active and showcase the wealth of accessible activity opportunities across the region.

    Every move counts. Together, in partnership with stakeholders, the campaign will reimagine the Black Country as a place where every step, stretch and stride brings us closer to a healthier, more connected community.

    Sport England’s Active Lives Survey identifies the Black Country as the most inactive Active Partnership area within England. Latest data shows that 34.6% of adults were classed as inactive – a slight fall in inactivity rates over the last 12 months (the national average is 25.1%).

    Active Black Country’s Chief Executive Ian Carey said: “It’s fantastic to launch the Move Together campaign today in partnership with the local authorities of Dudley, Sandwell, Walsall and Wolverhampton. Delivering a strategy to unite the Black Country and create active, healthier people and places requires a huge collective effort.

    “Together with our strategic partners, we have developed an inspiring campaign that can motivate people from different backgrounds to move more and be physically active so they can enjoy the multiple health and wellbeing benefits that an active lifestyle provides.

    “This campaign will showcase the breadth and diversity of activity opportunities on everyone’s doorsteps and show just how accessible they are, empowering Black Country residents to embrace movement as part of their daily lives.

    “Thanks to Sport England for their ongoing financial support. The Move Together campaign champions the ‘Uniting the Movement’ strategy that aims to provide everyone in England – regardless of postcode, background or bank balance – the opportunity to get active.”

    The campaign is powered by a partnership between Active Black Country and the 4 local authorities – who are all working together with community partners to make active living more visible, inclusive, and accessible.

    Campaign activations in the months ahead will showcase the different ways people can get active in their communities. Wave 2 will focus on bringing to life the Black Country’s waterways and how residents can utilise them for physical activity. Wave 3 will highlight the huge array of outdoor spaces across the region where people can move more and be active.

    To find out more about the Move Together campaign and how you can get involved, visit Active Black Country. To find local activities, visit Black Country Moving. 

    MIL OSI United Kingdom –

  • MIL-OSI: Best Same Day Loans Online No Credit Check Instant & Guaranteed Approval 2025 – Payday Ventures

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 07, 2025 (GLOBE NEWSWIRE) — Payday Ventures, a leading provider of online loans, owns platforms offering same day loans online with no credit check, helping Americans manage urgent financial needs without delays or credit-related obstacles. Borrowers can access same day emergency loans, $255 payday loans online same day, and payday loans online through trusted platforms offering instant approval and quick payouts all without lengthy applications or hard credit pulls.

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    Here’s why Choose Same Day Loans

    Same day loans online are ideal for urgent cash needs no long forms, no credit score stress. Whether it’s emergency same day loans, same day loans for bad credit, or quick payday loans, the platforms above make borrowing simple in 2025.

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    Tips to get same day loans with bad credit

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    These mentioned brands are part of Payday Ventures, with all platforms mentioned in this release being fully owned and managed in-house.

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    Name: Mukesh Bhardwaj
    Email: mukesh@paydayventures.com

    Disclaimer: This announcement contains general information about Payday Ventures loan services and should not be considered financial advice. Loans are available to US residents only.

    The MIL Network –

  • MIL-OSI Global: Why Trump fails to understand China’s trade war tactics, and what his negotiators should be reading

    Source: The Conversation – UK – By Tom Harper, Lecturer in International Relations, University of East London

    As US and Chinese representatives prepare to meet in Switzerland in an effort to ease their escalating trade war, a potential sign of Beijing’s approach has emerged in an opinion piece published in the state-owned journal Beijing Daily.

    Articles in the publication are often seen as a reflection of Beijing’s official stance. The latest piece – Today, it is necessary to revisit On Protracted War – argues that the trade war is an American attempt to strangle China’s economic growth and that it is necessary to perceive the current trade tensions as a long-term development.

    What’s particularly important here is that the title refers to former Chinese leader Mao Zedong’s 1938 essay On Protracted War, a piece of writing that set out Mao’s approach to combating the invading Japanese during the second Sino-Japanese war between 1937 and 1945.

    This strategy was also key to the subsequent establishment of the People’s Republic of China in 1949, after the communist victory in the long-running Chinese civil war. Mao became the chairman of the Chinese Communist party from 1943 until his death in 1976 and created a set of political theories referred to as Maoism. He wrote extensively on political strategy.

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

    Chinese policymakers and media figures often invoke the nation’s history to justify domestic and foreign policy. And the decision to reference Mao’s text reflects not only China’s strategy in the current trade war but also the lasting influence of his ideas.

    Mao’s 1938 essay described a struggle that might seem, at first glance, a world away from the current China/US tariff conflict. His key thesis was that guerrilla warfare was a long-term affair with little chance for a quick victory.

    Mao’s argument was that a war of attrition would end with a Chinese victory as it would slowly bleed the conventionally stronger Japanese forces of resources.
    Such an approach has been a key feature of insurgencies throughout the modern world, with movements such as the Taliban in Afghanistan using the long war of attrition against larger or more technologically advanced foes.

    By invoking On Protracted War, it would appear that Beijing perceives its economic struggles with the US as a conflict without a swift resolution, something that may come as a shock to Donald Trump who is clearly signalling that he now wants a deal.

    This long view approach has also been reflected in how Beijing has been preparing for a second Trump trade war ever since its experiences in the first Trump presidency.

    How US/China tariff war is affecting US markets.

    In contrast to China, the US administration appears to have banked on the trade war being a comparatively brief affair that should be ended by a quick and decisive knock-out blow against Beijing. And a public relations coup for Trump. This explains the showmanship behind the “liberation day” announcements, and the speed at which Washington deployed its key moves.

    But by preparing its citizens for a protracted trade war, it would appear that China’s strategy, similarly to Mao’s, is to slow down the process and grind out the best deal it can over time.

    Beijing believes that Chinese consumers are more capable of “eating bitterness” (coping with hardship) than Americans. So US diplomats would be well advised to dip into On Protracted War to understand more of China’s president Xi Jinping’s intentions.

    Mao’s long shadow

    However, this is not the only way in which Mao’s strategies are relevant to global politics right now.

    Another of Mao’s political ideas was what he termed the “people’s war”. This envisioned a slow movement where one group creates “shadow institutions” that gradually displace established ones in order to build support from the local population.

    This echoes part of China’s approach to globalisation, where China has supported, or created, alternatives to US-led institutions.

    Many of Beijing’s international institutions, such as the Asian Infrastructure Investment Bank, Shanghai Cooperation Organisation and the belt and the road initiative are created to be alternatives to more established international bodies, such as the IMF and the World Bank. These Beijing felt were too dominated by the US.

    While China has worked on this policy for decades, it seems to chime with Trump’s lack of commitment to US involvement in international institutions, such as the IMF and Nato. In this aspect of international politics, Xi and Trump seem to have somewhat similar goals, and could open up more space for Chinese leadership of these institutions.

    It’s becoming clear that the Trump administration has severely miscalculated by assuming that Beijing would quickly capitulate, showing a lack of understanding of Chinese culture and political history. The expected instant deal has failed to materialise, and US stores are now warning that shelves may soon be empty of many goods.

    The trade war has become a war of attrition, and whatever moves Xi makes now are likely to be only his first in what he sees as a very long game, in the great Maoist tradition.

    Tom Harper 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. Why Trump fails to understand China’s trade war tactics, and what his negotiators should be reading – https://theconversation.com/why-trump-fails-to-understand-chinas-trade-war-tactics-and-what-his-negotiators-should-be-reading-256126

    MIL OSI – Global Reports –

  • MIL-OSI Global: Why Trump’s plans for tariffs on foreign films probably won’t have a happy ending

    Source: The Conversation – UK – By Jean Chalaby, Professor of Sociology, City St George’s, University of London

    Bill Chizek/Shutterstock

    With its tariffs policies, the administration of US president Donald Trump aims to correct the country’s persistent goods trade deficit. The president has argued that the US has been “looted, pillaged, raped and plundered” by other countries. Trump feels it is now America’s “turn to prosper” – and he has the film and TV industries in his sights with threats of 100% tariffs on foreign films.

    Economists cite multiple reasons why tariffs are bad for economies, from stunting growth to adding inflationary pressure. But there is a more fundamental problem, which is notable in the case of the film and TV industries. While trade data reflects a country’s overall performance, it says nothing about the nature and ownership of the traded goods.

    Indeed, the cross-border activities and foreign investments of US-based multinationals widen the US trade deficit. Global trade flows in film and TV are a good example.

    In terms of the origin of a movie, it is determined by factors including the nationality of those in key creative roles, financing, filming location and the culture reflected in the theme and story. The US has long been the world’s largest exporter of films and TV, dominating global media flows for much of the 20th century.

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    In the 1970s, the country exported seven times as much film and TV programming as that of its nearest competitor (the UK). Three decades later, the US was still exporting 4.5 times the amount of content it imported – US$12.6 billion (£9.4 billion) versus US$2.8 billion.

    US exports have increased, reaching US$24.7 billion in 2023, and Hollywood remains the world’s largest movie exporter. However, the US balance of trade in the sector has shifted dramatically. While US exports grew by 95.4% between 2006 and 2023, US imports increased by 898%.

    The trade in film and TV programming achieved balance in 2019, and my research shows that since then, the US has imported more films and TV shows than it exported. The deficit was narrowing in 2023 but imports remained 12.1% higher than exports (US$27.7 billion versus US$24.3 billion).

    This deficit deserves an explanation. Are Asian and European producers suddenly flooding the US with films and TV shows? Has the American public developed an insatiable appetite for Nordic noir or K-drama? The reality is that US-based media conglomerates like Disney, Netflix and Warner Bros Discovery have changed strategy. They have moved away from their previous focus on exports to direct-to-consumer international distribution.

    What does this mean? Well, instead of licensing content to foreign broadcasters and cinemas (which they still do, but to a lesser extent), they retail their content internationally, using their own global streaming services.

    The US entertainment paradox

    Maintaining these large content libraries explains the shift of the US trade balance. US-based streamers export less because they now retain more of their content for exclusive distribution on their own streaming platforms. And they import more because they acquire foreign content in greater quantities than ever before.

    For example, Stranger Things is produced by Netflix in the US. As such, it does not show up in export figures. Squid Game, on the other hand, is a Korean export and shows up in US import data.

    Moreover, Walt Disney has decided to retain the exclusive rights to its franchises, forgoing licensing sales. In 2020, the company licensed 59% of its scripted series to third parties, 18% in 2021, and only 2% in 2022.

    All the US streaming giants license and commission foreign content. Netflix in particular has spent more on international content than US programming since 2024 (US$7.9 billion versus US$7.5 billion). Hence the creation of a paradox: US trade data in audiovisual services reveals a trade deficit, yet the US-based entertainment industry has never been so dominant globally.

    There are similar patterns in industries in which US-based multinationals are located at the apex of transnational supply chains. The jeans that Levi Strauss imports from Bangladesh, the trainers that Nike imports from Vietnam, and the car components Ford imports from Brazil all show up in US trade statistics. But these goods are, essentially, American-owned assets.

    About 70% of trade involves global value chains (GVC), as raw materials and components cross borders multiple times before being assembled into a final product.

    In today’s global economy, the complexity of most products requires companies to cooperate along transnational production networks. As businesses and countries specialise in specific tasks, GVCs are the most efficient way of producing goods and services. The streaming industry simply mirrors these wider patterns.

    Mindful of the US trade deficit in films and TV programmes, Trump announced the plans for 100% tariffs on all films produced outside the US. However, his attempt to “make Hollywood great again” is misguided.

    While Hollywood has new rivals to contend with, notably South Korea, it remains the world’s largest film and TV exporter. Following a short period of decline in the late 2010s, US exports have continued to grow to reach a record US$24.3 billion.

    For Trump, the vexing issue is that the US imports more films and TV programmes than its exports. But that is due to US-based platforms’ foreign content hoarding. Adolescence and Squid Game have indeed contributed to extending the gap between US imports and exports, but they are US-owned assets that have earned Netflix hundreds of millions of dollars in subscription fees. (Squid Game’s impact value for Netflix was estimated at US$891 million in 2021.)

    Squid Game is an import, but it’s a giant money-spinner for US streamer Netflix.

    And American content on US-based streaming giants does not show up in trade data. The whole world is watching Black Mirror and Ransom Canyon, but these series have never been exported. Rather, they are on a global platform (Netflix). US-based media conglomerates have never been so dominant in the global media market.

    In short, trade data does not tell the whole story. If implemented, these tariffs will certainly have far-reaching consequences for the film and TV industry. But they are unlikely to make anyone more prosperous.

    Jean Chalaby 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. Why Trump’s plans for tariffs on foreign films probably won’t have a happy ending – https://theconversation.com/why-trumps-plans-for-tariffs-on-foreign-films-probably-wont-have-a-happy-ending-256004

    MIL OSI – Global Reports –

  • MIL-OSI USA: ICYMI: Farmers Back President Trump’s Tariffs

    US Senate News:

    Source: The White House
    American farmers are behind President Donald J. Trump and his relentless push to restore fairness in global trade and secure new markets for homegrown producers.
    According to the latest Purdue University-CME Group Ag Economy Barometer:
    70% of farmers expect the President Trump’s tariffs to strengthen the agricultural economy in the long-term.
    Farmer sentiment improved in April, marked by rises in current and future expectations.
    The Farm Capital Investment Index rose to its highest reading since May 2021.
    “This month, one out of four respondents said it was a good time to make large investments, nearly double the percentage of respondents who said it was a good time to invest when surveyed from May through October of last year.”

    The Farm Financial Performance Index “marked the fourth month in a row that the index was above 100, indicating that producers expect financial performance this year to equal or slightly exceed the year-ago level.”

    MIL OSI USA News –

  • MIL-OSI USA: Chairman Aguilar Announces Task Force on Aging and Families as Trump Administration Threatens Social Security, Medicare and Medicaid

    Source: US House of Representatives – Democratic Caucus

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI – May 07, 2025

    WASHINGTON, D.C. – To kick off Older Americans Month, House Democratic Caucus Chair Pete Aguilar today announced the re-launch of the Democratic Caucus Task Force on Aging and Families (TFAF). The Chairs of the Task Force are Reps. Jan Schakowsky (IL-09) and Doris Matsui (CA-07). The Co-Chairs are Reps. Debbie Dingell (MI-06) and Ayanna Pressley (MA-07) and the Vice Chairs are Reps. Lloyd Doggett (TX-37), John B. Larson (CT-01) and Mark Pocan (WI-02). The TFAF will deepen the Caucus’ commitment to protecting seniors’ hard-earned benefits against the Trump Administration’s threats to cut Social Security, Medicaid and Medicare. 

    “The Trump Administration is dismantling the Social Security Administration and putting the benefits that our seniors rely on in jeopardy,” said Chairman Aguilar. “House Democrats are going to stand up for older Americans and their families and I’m proud to re-launch the Task Force on Aging and Families, led by two committed public servants in Jan Schakowsky and Doris Matsui. An essential part of the American Dream is ensuring a better life for the generation that comes after us while also honoring the sacrifices of our parents and grandparents who paved the way for our success. House Democrats will always defend and strengthen this central promise of our way of life.”   

    “Older Americans have spent their lives working to raise families, pay their taxes, protect our country, and build our communities. How are Republicans thanking them? By threatening to take away hard-earned benefits like Medicaid and Social Security. Older Americans deserve to retire with dignity and respect, and deserve high quality health care and financial security,” said Rep. Schakowsky. “For my entire career, I have fought for older Americans and working families, that is why I am proud to continue to serve as one of the Chairs of the Task Force on Aging and Families. Instead of cutting Medicaid, we must expand it. Instead of attacking Social Security, we must protect and strengthen it. Instead of punishing the hungry, we must support them. Democrats stand ready to protect older Americans and ensure that they have all the resources they need in retirement.”

    “Since we founded the Task Force on Aging and Families in 2010, it has been a critical vehicle to ensure that Democrats are responding to the concerns of older Americans—and as Republicans attack programs like Social Security, Medicaid and SNAP more fervently than ever, the Task Force couldn’t be more vital,” said Rep. Matsui. “After years of hard work and paying into Social Security, older Americans deserve a dignified retirement—but Donald Trump and Elon Musk want to take those hard-earned benefits away and give tax breaks to billionaires instead. House Republicans want to cut $880 billion from Medicaid—which means many seniors could lose their health care and pay more for prescription drugs that they need to live. As these attacks on older Americans come swift and strong, our Task Force is fighting tooth and nail to stop them. We are spearheading the actions to permanently protect these programs.”

    “After a lifetime of hard work, seniors deserve to retire with financial security, proper medical and long-term care, and a quality of life that allows them to continue to live independently and with dignity,” said Rep. Dingell. “This isn’t just important for seniors, it’s important for families and caregivers who balance a lot to take care of aging family members. The number of Americans ages 65 and older will more than double over the next 40 years, and the work of this task force to ensure we are doing right by America’s seniors is more important than ever.”

    “Our seniors’ Social Security, Medicare, and Medicaid benefits are under attack,” said Rep. Larson. “Elon Musk and Donald Trump are gutting these essential programs with the support of Congressional Republicans to pay for another round of tax breaks for themselves and their billionaire friends. As Vice Chair of the Task Force on Aging and Families, I will stand united with Democrats against these attacks on our nation’s seniors, so we can protect access to health care for everyone and continue to fight to not just protect Social Security from cuts, but expand it for all beneficiaries for the first time in more than 50 years.”

    “Older Americans have spent a lifetime working to be able to retire with dignity,” said Rep. Pocan. “Yet today’s extreme MAGA Republicans are dead set on cutting their earned Social Security and Medicare benefits. I’m honored to be a Vice Chair on this vital task force to fight back against these attacks on America’s seniors.”

    “Our elders have spent their lives building our communities, and they deserve to age with dignity, security, and humanity. Now, as Trump, Musk, and Republicans threaten to gut Medicaid, Social Security, and other essential programs our seniors earned and deserve, we cannot and will not stand by,” said Rep. Pressley. “I am proud to continue my service on the Task Force on Aging and Families and look forward to working with my colleagues to not only safeguard these hard-earned benefits, but also advance an affirmative agenda that centers our seniors – like lowering the cost of prescription drugs, investing in affordable housing, expanding home and community-based services, and more.”

    “Trump, Musk and Republicans’ continued attacks on vital lifelines like Social Security and Medicare are creating chaos and uncertainty for the millions of seniors already struggling to pay for their prescription drugs, affordable and safe housing, and nutritious food,” said Rep. Doggett. “I’m pleased to once again join my colleagues in pushing back against cruel threats that are endangering these hard-earned benefits that Americans pay into every working day of their lives with the promise of dignity and security in retirement and times of disability.”

    ###

    MIL OSI USA News –

  • MIL-OSI Africa: Afreximbank launches US$ 1 Billion Africa Film Fund to transform the continent’s creative industry

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

    Afreximbank launches US$ 1 Billion Africa Film Fund to transform the continent’s creative industry The Fund will play a pivotal role in promoting the production and global distribution of high-quality films and TV series, further amplifying Global Africa’s cultural influence across the world KIGALI, Rwanda, May 7, 2025/APO Group/ — African Export-Import Bank (Afreximbank) (www.Afreximbank.com), through its development impact investment arm, the Fund for Export-Development in Africa (FEDA), has committed to spearhead the launch of the Africa Film Fund (‘the Fund’) as part of its Creative Africa Nexus Programme (CANEX). This transformative undertaking of up to US$1 billion is designed to revolutionize Global Africa’s film and creative industry. This move follows Afreximbank Group’s commitment at the CANEX Weekend (CANEX WKND 2024) in Algiers, Algeria, in October 2024, where the Bank announced plans to launch a private equity film fund through FEDA to support film production and distribution across Africa and empower African filmmakers to create globally appealing content. The Fund will play a pivotal role in promoting the production and global distribution of high-quality films and TV series, further amplifying Global Africa’s cultural influence across the world. In doing so, the Fund will be a catalyst to attract and direct crucial patient capital into Global Africa’s film and TV production industry, mobilising resources that would enable filmmakers and storytellers to produce world-class content that resonates globally. According to the UNESCO Institute for Statistics, the African film and audiovisual industry generates an estimated US$5 billion in annual revenues and employs over 5 million people across the continent. However, the film industry on the continent has long faced challenges, including limited access to production facilities and equipment, a shortage of advanced post-production resources, and a lack of sufficient exhibition infrastructure—highlighted by fewer than 2,000 cinema screens and limited access to digital platforms. Afreximbank’s interventions through FEDA seek to address some of these issues and more. Professor Benedict Oramah, President of Afreximbank and Chairman of both the Boards of Directors of Afreximbank and FEDA commented: “Film is a cornerstone of the Creative Africa Nexus (CANEX) programme and the establishment of the Africa Film Fund is timely as it will help accelerate the growth of Africa’s creative sector, which has witnessed rapid growth but continues to face significant challenges including funding, scaling and accessing global markets.” Prof. Oramah added, “Through investments in the film sector, alongside initiatives such as the CANEX Shorts Awards, Afreximbank is committed to celebrating and amplifying a diverse range of African voices and experiences, thereby catalysing the creative industry and unleashing the creative industry’s potential to drive economic growth across Africa.” Marlene Ngoyi, CEO of FEDA, emphasized the Fund’s role in driving inclusive growth, stating that: “The Africa Film Fund is not merely about financing films – it is about building a thriving ecosystem that empowers Global Africa’s creative talent, fosters cultural exchange, and catalyses economic transformation. At FEDA, we are committed to ensuring this initiative delivers tangible impact with long-term and sustainable benefits.” Kanayo Awani, Executive Vice-President of Intra-African Trade and Export Development, Afreximbank, added: “This Fund will help unlock the full potential of Africa’s creative economy by giving African storytellers the platform, resources, and visibility they deserve. It reflects our belief that culture is not just a soft power, but a strategic asset for economic growth, youth empowerment, and regional integration.” Viola Davis, co-founder of JVL Media LLC and an EGOT (Emmy, Grammy, Oscar, Tony) winning actress welcomed the initiative: “African stories are deeply human and universally powerful. This Fund is an invitation to the world to see Africa through the lens of its own creators — bold, unfiltered, and rich in truth. I am proud to be a part of this momentous step toward a more inclusive global film industry.” Boris Kodjoe, award winning actor and Managing Partner of FC Media Group, stated:  “It has been a long-term dream of mine to be able to tell stories on a global scale. I am grateful and excited to partner with our friends at Afreximbank and FEDA in order to support quality content development and creation in Africa and beyond.” Distributed by APO Group on behalf of Afreximbank. Media Contact: Vincent Musumba Communications and Events Manager (Media Relations) Email: press@afreximbank.com About FEDA: The Fund for Export Development in Africa (“FEDA”) is the impact investment subsidiary of Afreximbank (www.Afreximbank.com), set up to provide equity, quasi-equity, and debt capital to finance the multi-billion-dollar funding gap (particularly in equity) needed to transform the Trade sector in Africa. FEDA pursues a multi-sector investment strategy along the intra-African trade, value-added export development, and manufacturing value chain which includes financial services, technology, consumer and retail goods, manufacturing, transport & logistics, agribusiness, as well as ancillary trade enabling infrastructure such as industrial parks.  To date, FEDA has invested more than US$590 million in companies and projects across its various fund initiatives, in sectors such as manufacturing, agro-processing, financial services, healthcare and pharmaceuticals, amongst others. About Afreximbank: African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

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    MIL OSI Africa –

  • MIL-OSI USA: Welch, Gillibrand Introduce Bill to Expand Access to SNAP, Repeal Republicans’ Punitive Eligibility Rules

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. — U.S. Senators Peter Welch (D-Vt.) and Kirsten Gillibrand (D-N.Y.) this week introduced the Improving Access to Nutrition Act of 2025, legislation to help more Americans access the Supplemental Nutrition Assistance Program (SNAP), known as 3SquaresVT in Vermont. The Senators’ legislation would lift Republicans’ punitive three-month time limit on SNAP eligibility to allow able-bodied adults without dependents to receive benefits for longer than three months even if they are unable to find work. The bill would also repeal additional eligibility criteria that imposes the three-month rule on adults up to age 54 over a three-year period. 
    “Trump’s disastrous economic policies have boxed Vermonters into a financial corner, forcing folks to choose between feeding their families or paying their bills. It’s an impossible choice, and it’s unacceptable that folks across the country have to make that call every day,” said Senator Welch. “Our bill makes it easier for Vermonters to get critical nutrition support and put food on the table when times are tough. This is an essential step, and I’m proud to join my colleagues to make SNAP more accessible for folks who need it.” 
    “Restoring access to SNAP for able-bodied adults without dependents (ABAWDs) from ages 50-54 is critical,” said Senator Gillibrand. “Time and again it has been shown that increasing work requirements does not improve economic security, but in fact takes away food from our most vulnerable populations. Congress should be fighting to empower our citizens to achieve economic self-sufficiency instead of forcing people to go hungry.” 
    Under current law, able-bodied adults without dependents between 18 to 49 years old are prohibited from receiving more than three months of SNAP benefits during a three-year period if they do not report at least 30 hours of work per week. These punitive requirements disproportionately impact women and people of color—roughly half of all low-income able-bodied adults without dependents—and are often counterproductive given SNAP’s proven effectiveness in improving economic stability, food security, and wellbeing for participants. Research also indicates that time limits for low-income beneficiaries do not lead to a meaningful increase in employment and decrease participation in SNAP, removing a crucial safety net for low-income participants who often have little to no safety net outside of SNAP benefits. 
    In addition to Senators Welch and Gillibrand, the Improving Access to Nutrition Act of 2025 is cosponsored by Sens. Bernie Sanders (I-Vt.), John Fetterman (D-Pa.), Alex Padilla (D-Calif.), Jeff Merkley (D-Ore.), Richard Blumenthal (D-Conn.), Elizabeth Warren (D-Mass.), and Ron Wyden (D-Ore.). 
    The Improving Access to Nutrition Act is supported by the Food Research and Action Center (FRAC). 
    Learn more about the Improving Access to Nutrition Act. 
    Read and download the full text of the bill. 

    MIL OSI USA News –

  • MIL-OSI: Be Strategic in the Modern Financial Landscape with AI at the Core: Bectran to Feature AI and RPA at Credit Congress

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 07, 2025 (GLOBE NEWSWIRE) — Bectran, Inc., the industry leader in order-to-cash automation, is proud to return as an exhibitor and Silver Sponsor at this year’s Credit Congress & Expo, hosted by the National Association of Credit Management (NACM). Held May 17-21 in Cleveland, the 129th Credit Congress Conference brings together financial professionals from all corners of the country for a packed and insightful event of all things business credit.   

    As the pace of business accelerates and economic pressures mount, the need for connected data sources has never been more urgent. Credit teams don’t just need tools anymore, they need a foundational AI core that gives them continuous live data insights to make faster and strategic credit decisions. Bectran is addressing this head-on, guiding credit teams in operationalizing real-time data with AI and RPA for growth and proactive risk management.

    On Sunday, May 18, from 1-1:20 p.m., Bectran’s Product and Implementation Manager, David Reinauer and Business Development Manager, Sean McCaffrey, will present at the Solution Hub (Booth #109) “The Current State of Automation: AI, RPA, and the Credit Department”, fueling credit teams with practices to embed into their operations and leading playbooks to keep moving forward.

    What You’ll Learn: 

    • How leading credit teams are using AI and RPA to streamline workflows and implement real time data for confident decisions.
    • Where companies implement automation to cut DSO, accelerate processing orders on hold, and strengthen fraud prevention.
    • Practical steps to elevate your O2C strategy and build a risk control framework for scalable growth.

    “When you remove the bottlenecks—manual reviews, disconnected data, slow approvals—you give credit teams room to think, act, and lead. We’re not just speeding things up, we’re helping companies make decisions they trust, even under pressure,” says David Reinauer, Bectran’s Product and Implementation Manager. 

    Throughout the event, visitors to Booth #517 will get a firsthand look at how Bectran embeds automation and AI/RPA into the core of the O2C lifecycle to create a connected ecosystem of data intelligence. From real-time risk analysis and consolidated workflows to streamlined approvals and payment processing, Bectran equips teams with speed, intelligence, and control they need to operate in today’s high stakes volatile environment.

    For credit professionals navigating uncertainty or preparing for growth, the message is clear: modern credit management starts with better data, smarter tools, and the confidence to act quickly. Bectran is helping companies get there—one intelligent decision at a time.

    To learn more, stop by Booth #517 or visit www.Bectran.com.

    About Bectran
    Bectran is the creator of Intelligent CreditOps—an enterprise-grade solution that modernizes the core of credit, collections, and receivables. While most finance tools are fragmented or retrofitted, Bectran offers a unified foundation, purpose-built to automate routine and deeply analytical processes, connect real-time data, and scale credit operations with confidence.  

    Trusted by finance teams at every stage of growth—from mid-market leaders to Fortune 100 enterprises—Bectran replaces manual, error-prone processes with intelligent, adaptable workflows across the order-to-cash cycle, giving companies the clarity, control, and confidence to drive growth without increasing risk.

    Contact
    Jessica Porco
    pr@bectran.com

    The MIL Network –

  • MIL-OSI: SCA Community Launches Innovative Digital Platform Under Leadership of Evander Ellis

    Source: GlobeNewswire (MIL-OSI)

    Austin, TX, May 07, 2025 (GLOBE NEWSWIRE) — SCA Community, a trailblazer in digital community solutions, is proud to announce the launch of its revolutionary new platform, designed to offer members an enhanced and seamless digital experience. This new interactive platform incorporates state-of-the-art technology and features, providing a dynamic environment where users can collaborate, network, and access resources with ease.

    With an intuitive interface and advanced capabilities, the platform is tailored to meet the needs of today’s modern professionals. SCA Community’s platform aims to simplify how members connect and interact, offering tools and features that empower users to make the most of their professional relationships and maximize their potential.

    “We’ve worked hard to create a platform that addresses the needs of our diverse community, combining cutting-edge technology with simplicity to create an intuitive and engaging experience,” said William Foster of SCA Community. “This new platform will allow our members to connect, collaborate, and grow in ways that weren’t possible before. We’re excited about the potential this platform has to foster even more impactful interactions and support member success.”

    Key Features of the New Interactive Platform:

    Seamless User Experience: The platform boasts a streamlined, intuitive interface that makes navigation simple and enjoyable for all users, regardless of their technical background.

    Enhanced Collaboration Tools: Integrated communication tools, such as live chat, file sharing, and collaborative workspaces, help users easily collaborate with colleagues, partners, and fellow members.

    Personalized Dashboards: Members can now customize their dashboards to suit their preferences, allowing for quick access to the resources, tools, and contacts they use most.

    Real-Time Updates and Notifications: The platform provides real-time notifications and updates, ensuring users are always informed of the latest news, events, and opportunities within the community.

    Advanced Search Functionality: Users can quickly find relevant content, members, and resources with the platform’s powerful search engine, making it easier to connect with the right people and find useful information.

    Comprehensive Resource Library: The platform hosts a robust library of resources, including articles, tutorials, industry insights, and case studies, to help members stay informed and grow their expertise.

    Mobile Accessibility: The new platform is mobile-friendly, allowing users to access the full suite of features from any device, whether at home, in the office, or on the go.

    The launch of this platform marks a major leap forward in SCA Community’s mission to offer its members the best possible digital tools for success. The community-oriented platform is designed to create a more interactive and inclusive environment, where professionals from all industries can easily access the support, resources, and connections they need to thrive.

    As SCA Community continues to grow, the platform will evolve with additional features and enhancements designed to meet the needs of an expanding global membership.

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –

  • MIL-OSI: BitMart’s Global Growth Vision: Empowering Users and Transforming the Trading Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    Jersey City, NJ, May 07, 2025 (GLOBE NEWSWIRE) — BitMart, a leading global digital asset trading platform, proudly introduces three pioneering programs—Slippage Protection, Elite Trader, and Global Community Partner. These initiatives are designed to offer a safer and more rewarding trading experience for millions of users worldwide. With the support of BitMart’s advanced third-generation trading engine, the platform reaffirms its strong commitment to technological innovation, user trust, and a service-first approach, aiming to position BitMart as the most advantageous and user-value-driven trading platform in the industry.

    A Milestone Year: Seven Years of Excellence

    Celebrating seven years of growth, BitMart reflects on its journey to becoming a top-ranked exchange on CoinGecko, supporting users across 1,700+ trading pairs. BitMart is accelerating its global presence and redefining trading with cutting-edge technology and user-focused initiatives.

    “Our seventh anniversary represents both our proud legacy and our commitment to future growth,” stated Nenter Chow. “With our Trading Protection Plan, BitMart is dedicated to empowering users with exceptional security, unparalleled opportunities, and a more inclusive crypto trading ecosystem.”

    Slippage Protection Program: Confidence in Every Trade

    Understanding the risks traders face due to market volatility, BitMart introduces its pioneering Slippage Protection Program, designed specifically for users trading USDT-margined perpetual contracts. The program offers up to 1,000 USDT compensation for losses caused by technical disruptions or liquidity issues. Traders can now confidently execute strategies without concern for unexpected slippage, setting a new industry standard in reliability and user assurance.

    Elite Trader Program: Maximizing Earnings for High-Performing Traders

    The Elite Trader Program is designed for top-tier traders, offering a unique opportunity to earn up to 50% in performance-based incentives, along with comprehensive operational support and exclusive marketing resources. This program enables traders to amplify their earnings, expand their reach, and play a key role in fostering a dynamic and thriving trading community.

    Global Community Partner Program: Strengthening Global Connections

    BitMart’s Global Community Partner Program aims to deepen relationships within the crypto community by rewarding partners and content creators with up to 60% spot trading commission and up to 70% futures trading commission, official platform recognition, and customized marketing tools. This initiative fosters global collaboration, boosting community engagement and creating opportunities for sustainable growth.

    Commitment to Technology and Trust

    Powered by its advanced third-generation trading engine and strategic partnerships with industry-leading liquidity providers, BitMart’s Trading Protection Plan ensures smooth, secure, and efficient trading experiences. BitMart remains dedicated to technological innovation and building trusted global partnerships, reinforcing its position as the premier trading platform.

    About BitMart

    BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Disclaimer: The information provided is for informational purposes only and should not be considered a recommendation to buy, sell, or hold any financial assets. All information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of such information.

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

    The MIL Network –

  • MIL-OSI New Zealand: Climate change: A third of 5-year-olds will be spared unprecedented lifetime exposure to dangerous heat if world meets 1.5°C temperature goal – Save the Children

    Source: Save the Children

    BRUSSELS, 7 May 2025 – Almost a third of today’s five-year-olds – about 38 million children – will be spared a lifetime’s “unprecedented” exposure to extreme heat if the world meets the 1.5°C warming target by 2100, Save the Children said. 
    Ahead of the 10th anniversary of the Paris Agreement, research released by Save the Children and Vrije Universiteit Brussel (VUB) found that under current climate commitments – which will likely see a global temperature rise of 2.7°C above pre-industrial levels – about 100 million of the estimated 120 million children born in 2020, or 83%, will face “unprecedented” lifetime exposure to extreme heat. 
    However, if the world limits warming to the 1.5°C Paris Agreement target, this would reduce the number of five-year-olds impacted to 62 million – a difference of 38 million – highlighting the urgency to protect children through rapidly phasing out the use and subsidy of fossil fuels. Dangerous heat is deadly for children, taking an immense toll on their physical and mental health, disrupting access to food and clean water and forcing schools to close . 
    Researchers defined an “unprecedented” life as an exposure to climate extremes that someone would have less than a 1 in 10,000 chance of experiencing during their life in a world without human-induced climate change. The research, published in the report Born into the Climate Crisis 2. An Unprecedented Life: Protecting Children’s Rights in a Changing Climate also found that meeting the 1.5°C target would protect millions of children born in 2020 from the severest impacts of other climate related disasters such as crop failures, floods, tropical cyclones, droughts and wildfires.
    The report found that, for children born in 2020, if global temperature rise is limited to 1.5°C rather than reaching 2.7°C above pre-industrial levels:
    • About 38 million would be spared from facing unprecedented lifetime exposure to heatwaves;
    • About 8 million would avoid unprecedented lifetime exposure to crop failures;
    • About 5 million would be spared from unprecedented lifetime exposure to river floods;
    • About 5 million would avoid unprecedented lifetime exposure to tropical cyclones;
    • About 2 million would avoid unprecedented lifetime exposure to droughts;
    • About 1.5 million children would be spared unprecedented lifetime exposure to wildfires.
    Climate extremes – which are becoming more frequent and severe due to climate change – are increasingly harming children, forcing them from their homes, putting food out of reach, damaging schools and increasing risks like child marriage as they are forced out of education and into poverty and food shortages.
    Denise-, 16, and her family were forced from their home in Brazil when the country’s worst floods in 80 years devastated their community last year. Their home, including Denise’s bedroom, was severely damaged, and she was out of school for nearly two months. 
    She said: “It really affected me mentally, and academically too. Catching up on all my grades to pass secondary school was really tough, especially at a state school. It massively impacted my schoolwork. My grades dropped significantly after the floods.” 
    Children impacted by inequality and discrimination and those in lower-and middle-income countries, are often worst affected . Meanwhile they have fewer resources to cope with climate shocks and are already at far greater risk from vector and waterborne diseases, hunger, and malnutrition, and their homes are often more vulnerable to increased risks from floods, cyclones and other extreme weather events.  
    Haruka, 16, whose poem is featured in the report, is from Vanuatu, which recently experienced three of the most severe types of cyclone in just a year.  
    She said: “Cyclones are scary. For me, they continue to destroy my home, every year – we don’t even bother trying to fix the ceiling anymore. “The past few years, I’ve seen ceaseless destruction and constant rebuilding. This seemingly never-ending cycle has become our reality, and most people aren’t even aware that it’s not just nature doing its thing, but it’s us bearing the brunt of a crisis that we did not cause.”  
    As well as comparing conditions under 1.5°C and 2.7°C scenarios, the report also examines a scenario in which global temperatures rise to 3.5°C by 2100, which will lead to about 92% of children born in 2020 – about 111 million children [5] – living with unprecedented heatwave exposure over their lifetime. While we need a rapid phase-out of the use and subsidy of fossil fuels to stick to the 1.5°C target, we must not lose sight of solutions, Save the Children said. 
    The report highlights initiatives like increased climate finance, child-centred and locally led adaptation and increasing the participation of children in shaping climate action. 
    Inger Ashing, CEO of Save the Children International, said: “Across the world, children are forced to bear the brunt of a crisis they are not responsible for. Dangerous heat that puts their health and learning at risk; cyclones that batter their homes and schools; creeping droughts that shrivel up crops and shrink what’s on their plates. “Amid this daily drumbeat of disasters, children plead with us not to switch off. This new research shows there is still hope, but only if we act urgently and ambitiously to rapidly limit warming temperatures to 1.5°C , and truly put children front and centre of our response to climate change at every level.”  
    As the world’s leading independent child rights organisation, Save the Children works in about 110 countries, tackling climate across everything we do. 
    Save the Children supports children and their communities globally in preventing, preparing for, adapting to, and recovering from climate disasters and gradual climate change. We have set up floating schools, rebuilt destroyed homes and provided cash grants to families hit by disasters. We also work to influence governments and other key stakeholders on climate policies, including at the UNFCCC COP summits, giving children a platform for their voices to be heard. 

    MIL OSI New Zealand News –

  • MIL-OSI USA: ICE Arizona, multiagency case sends Nigerian national to prison for international fraud scheme that defrauded elderly US victims

    Source: US Immigration and Customs Enforcement

    TUCSON, Ariz., – A Nigerian national was sentenced April 25 to 97 months in prison for his role in a transnational inheritance fraud scheme. U.S. Immigration and Customs Enforcement and the United States Postal Inspection Service investigated the case. The Justice Department’s Office of International Affairs, the U.S. Attorney’s Office for the Southern District of Florida, Europol, and authorities from the UK, Spain, and Portugal all provided critical assistance.

    “It’s inconceivable to imagine any human being robbing from those who’ve spent a lifetime working and building a life, and then are duped out of it all,” said ICE Homeland Security Investigations Arizona Special Agent in Charge Francisco B. Burrola. “Together, with our law enforcement partners, we will not tolerate this kind of behavior – we will bring justice to those who have wronged and stolen from so many people.”

    According to court documents, Okezie Bonaventure Ogbata, 36, was a member of a group of fraudsters that sent personalized letters to elderly victims in the United States over the course of several years. The letters falsely claimed that the sender was a representative of a bank in Spain and that the recipient was entitled to receive a multimillion-dollar inheritance left for the recipient by a family member who had died overseas years before. Ogbata and his co-conspirators told a series of lies to victims, including that, before they could receive their purported inheritance, they were required to send money for delivery fees, taxes, and other payments to avoid questioning from government authorities. Ogbata and his co-conspirators collected money victims sent in response to the fraudulent letters through a complex web of U.S.-based former victims, whom the defendants convinced to receive money and forward to the defendants or persons associated with them. Victims who sent money never received any purported inheritance funds. In pleading guilty, Ogbata admitted to defrauding over $6 million from more than 400 victims, many of whom were elderly or otherwise vulnerable.

    “The Justice Department’s Consumer Protection Branch will continue to pursue, prosecute, and bring to justice transnational criminals responsible for defrauding U.S. consumers, wherever they are located,” said Acting Assistant Attorney General Yaakov M. Roth of the Justice Department’s Civil Division. “This case is a testament to the critical role of international collaboration in tackling transnational crime. I want to thank our U.S. law enforcement partners, as well as those who assisted across the globe, including the Portuguese Judicial Police and Public Prosecution Service of Portugal, for their outstanding contributions to this case.”

    “The long arm of the American justice system has no limits when it comes to reaching fraudsters who prey on our nation’s most vulnerable populations, to include the elderly,” said U.S. Attorney Hayden P. Byrne for the Southern District of Florida. “We will not allow transnational criminals to steal money from the public we serve. Individuals who defraud American consumers will be brought to justice, no matter where they are located.”

    “The U.S. Postal Inspection Service has a long history of protecting American citizens from these types of schemes and bringing those responsible to justice,” said Acting Postal Inspector in Charge Steven Hodges of the USPIS Miami Division. “Today’s sentencing is a testament to the dedicated partnership between the Department of Justice’s Consumer Protection Branch, HSI and USPIS to protect our citizens from these scams.”

    Senior Trial Attorney and Transnational Criminal Litigation Coordinator Phil Toomajian, and Trial Attorneys Josh Rothman and Brianna Gardner of the Civil Division’s Consumer Protection Branch are prosecuting the case.

    If you or someone you know is age 60 or older and has been a victim of financial fraud, help is standing by at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This U.S. Department of Justice hotline, managed by the Office for Victims of Crime, is staffed by experienced professionals who provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Case managers will identify appropriate reporting agencies, provide information to callers to assist them in reporting, connect callers directly with appropriate agencies, and provide resources and referrals, on a case-by-case basis. Reporting is the first step. Reporting can help authorities identify those who commit fraud and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. The hotline is open Monday through Friday from 10:00 a.m. to 6:00 p.m. ET. English, Spanish, and other languages are available.

    More information about the department’s efforts to help American seniors is available at its Elder Justice Initiative webpage. Visit the Consumer Protection Branch to learn more about the agency and its enforcement efforts. File elder fraud complaints with the FTC or call 877-FTC-HELP. The Department of Justice provides a variety of resources relating to elder fraud victimization through its Office for Victims of Crime.

    MIL OSI USA News –

  • MIL-OSI USA: Rosen Statement on New Report on Impacts of Tariffs on U.S. Small Businesses

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)
    Released During National Small Business Week, New Report Finds That Small Businesses Are Facing Price Hikes And Layoffs As A Result of Trump’s Tariffs
    WASHINGTON, DC – During National Small Business Week, Senator Rosen released the following statement following the release of a new report highlighting the ways in which President Trump’s across-the-board tariffs and tariff uncertainty are harming small businesses across the country. In April, Senator Rosen highlighted the story of a Reno-based small business being hurt by Trump’s tariffs and demanded that the Trump Administration reverse course on its reckless trade policy.
    “Small businesses are the backbone of Nevada’s economy, and Donald Trump’s sweeping tariffs are forcing entrepreneurs in our state and across the nation to make difficult decisions,” said Senator Rosen. “This report makes it clear that President Trump’s trade policies are hurting our small businesses by raising costs and pushing them to lay workers off. I’m going to continue pushing to repeal these misguided tariffs.”
    Read the full report from the Joint Economic Committee here. 
    Key points from the report:
    New Committee analysis of data released on May 2 shows that employment at small businesses with fewer than 10 employees declined by 3 percent – 366,400 jobs – since President Trump took office.
    Price hikes: Recent survey data found that 30 percent of small business owners indicated in March that they plan to increase prices – the highest amount reported over the last year.
    The net percentage of small business owners expecting better business conditions declined for the third consecutive month in March – from 37 percent to 21 percent. This represents the largest monthly decline since December 2020.
    Small businesses in the manufacturing, construction, trucking, and restaurant industries are being hit especially hard by tariffs and tariff uncertainty.
    Five of the 12 Federal Reserve Districts recently reported weakening manufacturing activity – in large part due to trade pressures.

    MIL OSI USA News –

  • MIL-OSI Global: Addiction isn’t just about brain chemistry – but nor is it just bad choices

    Source: The Conversation – UK – By Matt Field, Professor of Psychology, University of Sheffield

    monticello/Shutterstock

    Consider someone addicted to alcohol, drugs, or a behaviour like gambling. Why do they continue, even when they say they want to stop? It’s a question that highlights a fundamental disconnect: the gap between intention and action.

    This apparent contradiction aligns with clinical definitions of addiction and with brain disease models, which suggest that repeated substance use changes brain function, making drug use compulsive and automatic, bypassing conscious decision-making. These brain adaptations help explain why addiction is so hard to overcome.

    But there’s another important piece to the puzzle. People often use substances for reasons that make sense to them – to feel good, to relieve stress, or to connect socially. These motivations don’t disappear just because a substance becomes harmful.

    Yet, over the past few decades, this insight has been sidelined in addiction science. Some critics have jumped on this gap to argue, reductively, that addiction is simply about people choosing pleasure: nothing more than “people take drugs because they enjoy it.”

    Both the brain disease model and the “just say no” view contain partial truths. But both, on their own, are fundamentally flawed.

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

    The brain disease model gained popularity in part because it seemed to offer two things: a foundation for developing new medical treatments and a way to reduce stigma. But it’s largely failed on both fronts. Despite billions invested in neuroscience, few new medications have emerged.

    Meanwhile, the most effective treatments remain psychosocial: talking therapies and harm-reduction strategies that have been around for decades. Worse, describing addiction as a chronic brain disease may increase stigma and pessimism, making recovery seem unlikely or out of reach.

    Additionally, research shows that addiction is not entirely beyond voluntary control. People with addiction can and do reduce or stop their drug use in response to its consequences. This can be related to meaningful life changes — such as getting married, having children, or starting a new job — which may increase the costs or reduce the perceived benefits of continued use.

    These findings challenge the view that addiction is purely compulsive, highlighting that people retain a degree of agency, even under difficult circumstances.

    At the same time, these observations don’t justify the cynical view that addiction is just hedonism or bad choices. A more accurate, and more helpful, framework considers how people make decisions and how their environment shapes the value of different choice options.

    Neuroeconomics

    This is where insights from neuroeconomics – the study of how the brain makes value-based decisions – become useful. For example, one study found that when people are hungry, they pay more attention to how food tastes and less to how healthy it is, making unhealthy choices more likely.

    Similarly, alcohol users who were craving alcohol and in a negative mood were shown to value alcohol more than food, shifting their choices accordingly. Other research has found that the set of available alternatives strongly influences how appealing (or not) a choice options becomes. As applied to addiction, when healthier or more rewarding options are limited, the relative value of drugs increases.

    This suggests that addiction is less about losing the ability to choose and more about how context shapes choice. When someone is in treatment, they may genuinely want to stop using because the environment emphasises recovery, support and future goals. But once they return to a setting where drugs are easy to access and attractive alternatives are few, the relative value of drug use increases – and relapse becomes more likely.

    This perspective also helps reconcile the role of brain changes in addiction. Neuroadaptations still matter: they can heighten cravings or make rewards harder to experience – but they don’t eliminate the ability to choose. Instead, these brain changes interact with a person’s environment to make certain choices more likely than others.

    Crucially, this view also highlights why poverty is such a powerful driver of addiction. In deprived settings, alcohol, drugs and gambling outlets are often more accessible, while opportunities for meaningful alternatives – employment, education, stable housing – are scarce. These are deep-rooted structural issues, and they’re not easily fixed. But they matter.

    On a more hopeful note, this model points to new pathways out of addiction. Rather than blaming individuals or pathologising them as brain-damaged, we can focus on reshaping environments to make non-drug alternatives more visible, available and valuable. This approach carries less stigma and more optimism: it views people not as broken, but as people who can make decisions and respond rationally to difficult situations.

    Yes, the psychology of decision-making makes addiction tough to overcome. But by understanding how people weigh their options, and by improving the appeal and accessibility of alternatives to substance use, we can support real, lasting change.

    Matt Field receives research funding from the Medical Research Council, National Institute for Health Research, Alcohol Change UK, and the Academic Forum for the Study of Gambling. He is a trustee of the Society for the Study of Addiction.

    – ref. Addiction isn’t just about brain chemistry – but nor is it just bad choices – https://theconversation.com/addiction-isnt-just-about-brain-chemistry-but-nor-is-it-just-bad-choices-255181

    MIL OSI – Global Reports –

  • MIL-OSI USA: NC Breaks Tourism Spending Record, Continues to Be #5 Most Visited State

    Source: US State of North Carolina

    Headline: NC Breaks Tourism Spending Record, Continues to Be #5 Most Visited State

    NC Breaks Tourism Spending Record, Continues to Be #5 Most Visited State
    lsaito

    Raleigh, NC

    Governor Josh Stein announced today that the overall North Carolina tourism economy held strong against the headwinds of Hurricane Helene. Travelers spent more than $36.7 billion on trips to and within the state in 2024. The previous record of $35.6 billion was set in 2023. 

    “Today’s news underscores what we all know: North Carolina is a fantastic place to visit,” said Governor Josh Stein. “As our mountain economies worked to recover from Helene, our Piedmont and coastal destinations remained popular and contributed to the growth of North Carolina’s tourism economy. We must continue to support tourism and small businesses in western North Carolina to help them come back stronger.”

    Governor Stein’s announcement coincides with National Travel and Tourism Week (May 4-10), when travel and tourism professionals across the country unite to underscore the value of travel to the economy, businesses, communities, and personal well-being. The state’s Welcome Centers will host activities throughout the week.  

    The state’s tourism-supported workforce increased 1.4 percent to 230,338 jobs in 2024.  Tourism payroll increased 2.6 percent to $9.5 billion. As a result of visitor spending, state and local governments saw rebounds in tax revenues to nearly $2.7 billion.   

    The figures are preliminary findings from research commissioned by Visit North Carolina, part of the Economic Development Partnership of North Carolina, and conducted by Tourism Economics. In measuring the economic value of the travel sector, the research incorporates a broad range of data sources to ensure that the entire visitor economy is quantified in detail. The U.S. Bureau of Economic Analysis, the U.S. Bureau of Labor Statistics, OmniTrak visitor profiles, the U.S. Census, STR, AirDNA and KeyData lodging reports, and the NC Department of Revenue are among the sources included in this comprehensive model. More information about the study can be found online at partners.visitnc.com/economic-impact-studies, which also links to archived reports dating back to 2005.

    The statistics published today report data from a statewide perspective.  Later this year, a supplemental report will provide regional and local visitor data, offering a better perspective on Helene’s impact on western North Carolina’s tourism economy.

    With nearly 40 million visitors from across the United States, North Carolina ranks No. 5 behind California, Florida, Texas, and New York in domestic visitation. The past four years have seen tight competition with Pennsylvania and Tennessee for fifth place. In addition to 2024’s record spending by domestic travelers, North Carolina also saw gains in the international market. With more than 900,000 international travelers, spending rose 16.5 percent to nearly $1.2 billion.  

    “North Carolinians in all 100 counties benefit from the money that visitors spend,” said Commerce Secretary Lee Lilley. “From our smallest towns to our largest cities, tourism means jobs for more than 50,000 small businesses and our first-in-talent workforce. These workers address travelers’ needs for transportation as well as lodging, dining, shopping, and recreation.”

    As a result of travelers’ contributions to state and local tax revenue, North Carolina households average $593 in yearly savings.   

    Learn more about NC tourism:

    • Total spending by domestic and international visitors in North Carolina reached $36.7 billion in 2024. That sum represents a 3.1 percent increase over 2023 expenditures.   
    • Domestic travelers spent a record $35.6 billion in 2024. Spending was up 2.7 percent from $34.6 billion in 2023.   
    • International travelers spent $1.2 billion in 2024, up 16.5 percent from the previous year.   
    • Visitors to North Carolina generated nearly $4.6 billion in federal, state, and local taxes in 2024. The total represents a 2.9 percent increase from 2023.   
    • State tax receipts from visitor spending rose 1.1 percent to nearly $1.4 billion in 2024.   
    • Local tax receipts grew 4.3 percent to nearly $1.3 billion.  
    • Direct tourism employment in North Carolina increased 1.4 percent to 230,338.   
    • Direct tourism payroll increased 2.6 percent to $9.5 billion.   
    • Visitors spend more than $100 million per day in North Carolina. That spending adds $7.3 million per day to state and local tax revenues (about $3.7 million in state taxes and $3.6 million in local taxes).   
    • Each North Carolina household saved $593 on average in state and local taxes as a direct result of visitor spending in the state. Savings per capita averaged $241.  

    About Visit North Carolina:  

    Visit NC, the state’s official destination marketing organization, is part of the Economic Development Partnership of North Carolina, a private nonprofit corporation that serves as North Carolina’s economic development organization. The EDPNC focuses on business and job recruitment, existing industry support, international trade, tourism, and film marketing. 

    The mission of Visit NC is to unify and lead the state in positioning North Carolina as a preferred destination for leisure travel, group tours, meetings and conventions, sports events, and film production. Each year, North Carolina welcomes about 40 million visitors who spend nearly $37 billion during their stay. The tourism industry employs more than 230,000 people and generates nearly $2.7 billion in state and local tax revenues. For travel ideas and inspiration, go to VisitNC.com.

    May 7, 2025

    MIL OSI USA News –

  • MIL-OSI USA: Crapo, Wyden Introduce Bill to Improve Wetland Habitats in the Pacific Northwest

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–U.S. Senators Mike Crapo (R-Idaho) and Ron Wyden (D-Oregon) introduced bipartisan legislation that would improve wetland habitats in the Pacific Northwest.

    “Preserving critical wetland habitat is vital to protecting open landscapes for the diverse species–including numerous varieties of birds and fish–that call Idaho home,” Crapo said.  “Investments in public-private partnerships in Idaho and the Pacific Northwest will help keep wild spaces wild and protect the natural wonders that Idahoans treasure.”

    “Restoring our wetlands is about more than just providing habitat for birds and other wildlife living along the Pacific Northwest coast.  It is about investing in the watersheds where Tribes, farmers and other local Pacific Northwest communities have maintained their way of life for generations,” Wyden said.  “Our bipartisan bill will make sure Oregonians and people across the Pacific Northwest can continue to benefit from healthy landscapes that provide the clean water and habitat that make our region so special.”

    The Northwest Wetlands Voluntary Incentives Program Act would establish a federal grant and assistance program empowering government agencies, tribes, nonprofits and landowners, among other entities, to work together in both restoring and enhancing habitats for wetland-dependent birds living in the Columbia River Basin and along the coast of Oregon and Washington. These projects include water infrastructure and management and enhancement of vegetative habitat, which could be implemented on public, private, Tribal and other land determined by the U.S. Secretary of the Interior.    

    The Northwest Wetlands Voluntary Incentives Program Act is endorsed by Idaho Wildlife Federation, Idaho Sportsmen, Ducks Unlimited, Pacific Birds Habitat Joint Venture, Coalition of Oregon Land Trusts and Oregon Agricultural Trust.

    “We appreciate Senators Crapo and Wyden introducing the NW Wetlands VIP Act.  Sportsmen and the wildlife we work to conserve–as well as area farmers that are such critical partners in landscape conservation–will benefit from the habitat restoration opportunities and infrastructure improvements that this legislation will provide,” said Nick Fasciano, Executive Director of the Idaho Wildlife Federation.  “As our wetland habitats face long-term threats of degradation and fragmentation, this legislation is all the more critical.”

    “Access and opportunity for the sportsmen and women of Idaho who hunt, fish, trap and recreationally shoot, is paramount.  In a state where water is our most precious resource, Idaho farmers and landowners are working hard to provide more managed wetlands and habitat,” said Benn Brocksome, Founder and Chairman of Idaho Sportsmen, Access & Opportunity.  “Many landowners in Idaho, and across the West, share our conservation goals and work with sportsmen in a pragmatic and collaborative way to meet the needs of Idaho.  These efforts should be supported, bolstered and recognized with the passage of this important bill.”

    “This important legislation will bring much needed resources for improving water infrastructure to provide multi-benefits for agricultural lands and wetland habitats in the Northwest and Columbia River Basin,” said Jeff McCreary, Operations Director for the Western Region of Ducks Unlimited.  “We are thankful to Senators Wyden and Crapo for introducing the Northwest Wetlands VIP Act.”

    “The Northwest Wetlands VIP Act is strongly aligned with the priorities of Pacific Birds Habitat Joint Venture (Pacific Birds).  The bill supports wetlands conservation on the coast of Oregon and Washington and within the Columbia River Basin; areas that are vital for millions of waterbirds and wetland-dependent species.  The proposal represents a smart federal investment in durable ecosystems, strong partnerships, and natural and working landscapes,” said Glenn Lamb, Vice Chair of the Pacific Birds Habitat Joint Venture Board of Directors.  “It offers an actionable way to advance Pacific Birds’ priorities and deliver real benefits for wildlife, communities and the economy of the Pacific Northwest.  The NW Wetlands VIP Act emphasizes collaboration among Tribes, nonprofits, local governments and landowners–consistent with Pacific Birds’ partnership-driven approach.  This bill will provide resources for the installation, maintenance and replacement of critical infrastructure, which aligns with Pacific Birds’ goal to support long-term habitat management while emphasizing multi-species benefits and multi-benefit projects, and empowering collaborative on-the-ground action.”

    “The Columbia River?Basin holds critical habitat for migratory birds and other wetland dependent species,” said Joe Buttafuoco, Executive Director at Coalition of Oregon Land Trusts (COLT).  “COLT and our members are thrilled about the bipartisan NW?Wetlands VIP?Act.  This bill would offer grants that land trusts, Tribes, private landowners and nonprofits can use to improve habitat, manage invasive species and restore floodplain connectivity.  Thank you to Senators?Wyden and?Crapo for advancing this important legislation.”

    “The Northwest Wetlands VIP Act would bring critical infrastructure dollars to Pacific Northwest farmers and ranchers. These water management projects not only enhance and restore wetland habitat for migratory birds, but help producers improve agricultural production on parts of their properties,” said Nellie McAdams, Executive Director of Oregon Agricultural Trust.  “The Act also provides funding to support conservation easements (up to 10% of the total grant award) which protect farms and ranches for agriculture and associated habitat.”

    The text of the bill is here.

    MIL OSI USA News –

  • MIL-OSI: Coface SA: Publication of Group and Standalone SFCR as of 31 December 2024

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Publication of Group and Standalone SFCR as of 31 December 2024

    Paris, 7 May 2025 – 17.45

    COFACE SA has published today its Solvency and Financial Condition Report (SFCR) for COFACE SA (Group) and Compagnie française d’assurance pour le commerce extérieur (the « Compagnie »), in compliance with the Solvency II requirements1.

    The Board of Directors of COFACE SA and the Compagnie, respectively approved the SFCR for the financial year 2024. This report is produced on an annual basis:

    • for Coface Group, involving COFACE SA and its main subsidiaries in France and outside France;
    • for the Compagnie, on a standalone basis.

    HIGHLIGHTS

    • To assess its solvency, COFACE SA uses the partial internal model approved by the ACPR in 2019. The Compagnie’s solvency is still assessed using the interpretation of the standard formula.
    • As of 31 December 2024, eligible own funds to cover the Group’s SCR amounted to €2,630 million, which broke down as follows:
      • 75% of Tier 1 capital;
      • 24% of Tier 2 capital;
      • 1% of Tier 3 capital, representing deferred tax assets.
    • The Group’s SCR coverage ratio of 196%2 at the end of 2024 reflects a solvency ratio above its target range (155% -175%). This level supports the Group’s decision to distribute 80% of its net profit for 2024 by a €1.403 dividend per share.
    • The coverage ratio of the Compagnie SCR (Solo) at the end of 2024 is 237%4.

    The full report is available on the website of the Company at the following address:
    https://www.coface.com/investors/regulated-information/annual-reports

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

    Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is quoted in Compartment A of Euronext Paris
    Code ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 5 April 2024 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    1 The Solvency II Directive (i) formalises and organises information requests, and (ii) clarifies the governance requirements and processes to be followed by insurers. In particular, the regulations provide for the establishment of two narrative reports: one for the Regulator (RSR) and one for the public (SFCR).
    2 Final calculation of the SCR coverage ratio using the partial group internal model. Non audited.
    3 Ex-dividend date is on 20 May 2025 and Payment date is on 22 May 2025. The proposed distribution of €1.40 per share is subject to approval of the Annual Shareholders’ Meeting that takes place on 14 May 2025.
    4 Final calculation of the SCR coverage ratio according to Coface’s interpretation of Solvency II standard formula. Non audited.

    Attachment

    The MIL Network –

  • MIL-OSI: Shareholders’ Meeting of May 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel. : +33 6 04 52 16 55
    victoire.grux@capgemini.com

    Investor relations:
    Vincent Biraud
    Tel. : +33 1 47 54 50 87
    vincent.biraud@capgemini.com

    Shareholders’ Meeting of May 7, 2025

    Paris, May 7, 2025 – The Shareholders’ Meeting of Capgemini SE, held today at the Pavillon Gabriel in Paris, adopted all the resolutions proposed by the Board of Directors.

    Shareholders approved the proposed distribution of a dividend of 3.40 euros per share in respect to the 2024 financial year, to be paid from May 22, 2025, with an ex-dividend date of May 20, 2025.

    The Shareholders’ Meeting also approved the renewal of the terms of office of Mr. Patrick Pouyanné and Mr. Kurt Sievers, independent directors, and the appointment of Mr. Jean-Marc Chéry as member of the Board of Directors, for a term of four years.

    Mr. Jean-Marc Chéry, a French national, is the President and Chief Executive Officer of STMicroelectronics, a global semiconductor company at the heart of the Intelligent Industry, committed to manufacturing sustainable technologies and offering its customers innovative solutions. He also brings to the Board his expertise in technology, artificial intelligence, and industry knowledge, particularly in the automotive and energy sectors. The Board has indicated that it considers Mr. Jean-Marc Chéry to be an independent director in accordance with the criteria of the AFEP-MEDEF Code to which the Company refers.

    At the end of this Shareholders’ Meeting, the Board of Directors of Capgemini SE has 15 directors1, including two directors representing employees and one director representing employee shareholders. Of its members, 83% are independent directors2, 40% are international directors, and 42% are women2.

    Moreover, the Shareholders’ Meeting approved, by a vast majority, the 2024 compensation components and benefits paid or granted to Paul Hermelin, Chairman of the Board, as well as to Aiman Ezzat, Chief Executive Officer. The report on the compensation of corporate officers and the various 2025 compensation policies for executive corporate officers and directors was also approved.

    Finally, the Shareholders’ Meeting approved the amendment of the Company’s bylaws and all the financial delegations granted to the Board of Directors.

    A detailed breakdown of voting results as well as full webcast of the Shareholders’ Meeting can be found on the Capgemini website: https://investors.capgemini.com/en/event/2025-shareholders-meeting/.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.
    Get The Future You Want | www.capgemini.com

    APPENDIX 1

    Composition of the Capgemini SE Board of Directors and of its committees following the Shareholders’ Meeting of May 7, 2025

    Composition of the Board of Directors:
    Paul Hermelin – Chairman
    Aiman Ezzat – CEO
    Jean-Marc Chéry
    Megan Clarken
    Ulrica Fearn
    Maria Ferraro
    Pierre Goulaieff – Director representing employees
    Siân Herbert-Jones
    Hervé Jeannin – Director representing employees
    Christophe Merveilleux du Vignaux – Director representing employee shareholders
    Belen Moscoso del Prado Lopez-Doriga
    Xavier Musca
    Frédéric Oudéa – Lead Independent Director and Vice-Chairman
    Patrick Pouyanné
    Kurt Sievers

    Composition of the committees of the Board:

    Audit & Risk Committee: Xavier Musca (Chair), Ulrica Fearn, Maria Ferraro, Siân Herbert-Jones. 

    Compensation Committee: Patrick Pouyanné (Chair), Pierre Goulaieff, Christophe Merveilleux du Vignaux, Belen Moscoso del Prado, Kurt Sievers.

    Ethics & Governance Committee: Frédéric Oudéa (Chair), Siân Herbert-Jones, Xavier Musca, Patrick Pouyanné.

    Strategy & CSR Committee: Paul Hermelin (Chair), Jean-Marc Chéry, Megan Clarken, Aiman Ezzat, Hervé Jeannin, Kurt Sievers.

    1 See the composition of the Capgemini SE Board of Directors and its committees in the appendix.
    2 The directors representing employees and employee shareholders are not taken into account in calculating this percentage, in accordance with the provisions of the AFEP-MEDEF Code and the French Commercial Code currently in force.

    Attachment

    The MIL Network –

  • MIL-OSI: Societe Generale: shares & voting rights as of 30 April 2025

    Source: GlobeNewswire (MIL-OSI)

    NUMBER OF SHARES COMPOSING CURRENT SHARE CAPITAL AND TOTAL NUMBER OF VOTING RIGHTS AS OF 30 APRIL 2025

    Regulated Information

    Paris, 7 May 2025

    Information about the total number of voting rights and shares pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulations.

    Date Number of shares composing current share capital Total number of
    voting rights
    30 April 2025 800,316,777

    Gross: 888,385,614

    Press contacts:

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

    Societe Generale

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

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

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

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

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

    Attachment

    The MIL Network –

  • MIL-OSI: Decisions from JLT Mobile Computers ABs (publ) Annual General Meeting Wednesday May 7th , 2025 (Swedish only)

    Source: GlobeNewswire (MIL-OSI)

    Växjö, Sverige, 7:e maj 2025 * * * JLT Mobile Computers, informerar att årsstämma i JLT Mobile Computers AB (publ) hölls onsdagen den 7e maj 2025 i Växjö där följande huvudsakliga beslut fattades.

    Årsstämman beslutade att fastställa framlagd resultat- och balansräkning för moderbolaget och koncernen. Årsstämman beslutade, i enlighet med styrelsens förslag, att ingen utdelning lämnas till aktieägarna för räkenskapsåret 2024.

    Styrelseledamöterna och verkställande direktören beviljades ansvarsfrihet för 2024 års förvaltning.

    I enlighet med valberedningens förslag beslutades att styrelsen ska bestå av sex ledamöter utan suppleanter. Till styrelseledamöter för tiden intill slutet av nästa årsstämma omvaldes Ola Blomberg, Jan Sjöwall, Jessica Svenmar, Per Ädelroth och Karl Hill samt nyvaldes Tommy Svensson. Stämman beslutade att omvälja Ola Blomberg till styrelseordförande. Beslutades att ha en revisor utan suppleanter. Luminor Revision AB omvaldes som revisor.

    Årsstämman beslutade, i enlighet med valberedningens förslag, att styrelsearvodet ska utgå med totalt 700 000 kronor, varav styrelsens ordförande ska erhålla 200 000 kronor och övriga ledamöter ska erhålla 100 000 kronor vardera. Årsstämman beslutade även att arvode till bolagets revisor ska utgå enligt godkänd räkning.

    Årsstämman beslutade vidare att bolaget ska ha en valberedning bestående av tre ledamöter, varvid en ledamot ska utses av var och en av de tre största aktieägarna i bolaget. Ordförande i valberedningen ska, om inte ledamöterna enas om annat, vara den ledamot som utses av den största aktieägaren.

    Årsstämman beslutade slutligen, i enlighet med styrelsens förslag, om bemyndigande för styrelsen att under tiden intill nästa årsstämma, vid ett eller flera tillfällen, fatta beslut om nyemission av högst 2 871 200 aktier, vilket motsvarar 10 procent av antalet aktier i bolaget per dagen för årsstämman. Styrelsen ska därvid ha rätt att besluta om avvikelse från aktieägarnas företrädesrätt samt bestämmelse om apport, kvittning eller annat villkor.

    Further financial information can be found on JLT’s investor pages

    This information is information that JLT Mobile Computers AB (pub) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 6:00 pm CET Wednesday May 7, 2025.

    About JLT Mobile Computers

    JLT Mobile Computers is a leading developer and supplier of rugged mobile computing devices and solutions for demanding environments. 30 years of development and manufacturing experience have enabled JLT to set the standard in rugged computing, combining outstanding product quality with expert service, support and solutions to ensure trouble-free business operations for customers in warehousing, transportation, manufacturing, mining, ports and agriculture. JLT operates globally from offices in Sweden, France, and the US, complemented by an extensive network of sales partners in local markets. The company was founded in 1994, and the share has been listed on the Nasdaq First North Growth Market stock exchange since 2002 under the symbol JLT. Eminova Fondkommission AB acts as Certified Adviser. Learn more at jltmobile.com.

    The MIL Network –

  • MIL-OSI: L’École de Gestion d’Actifs et de Capital Launches Lumicoin IA, Shaped by Marc Leclerc’s Educational Vision

    Source: GlobeNewswire (MIL-OSI)

    Paris, France, May 07, 2025 (GLOBE NEWSWIRE) — In a move to transform financial learning through innovation and empathy, L’École de Gestion d’Actifs et de Capital has officially expanded access to its flagship intelligent platform, Lumicoin IA, under the direction of its founder, Marc Leclerc. This launch marks a new chapter in the institution’s mission to make financial understanding more intuitive, inclusive, and human-centered.

    Developed through years of applied research and supported by Interactive Brokers, Lumicoin IA offers a seamless and interactive educational experience. It combines artificial intelligence with pedagogical clarity, allowing users to visualize, evaluate, and build strategies without needing prior financial or technical knowledge.

    At the heart of Lumicoin IA is a simple but powerful concept: every financial strategy becomes a smart, visual asset. These “intelligent learning tokens” can be viewed in real time, scored based on performance metrics, combined into custom portfolios, and automatically rebalanced by the system. The platform’s intuitive dashboard requires no coding and is designed to foster deep learning through interaction and observation.

    Marc Leclerc, a veteran of the financial industry with nearly three decades of experience, created Lumicoin IA to reflect not only his professional insights but also his personal philosophy. After facing the highs and lows of financial life, his vision today centers on restoring meaning and accessibility to finance.
     “We are not just building a platform—we are building a learning environment that respects people’s pace, emotions, and aspirations,” he says. “With Lumicoin IA, we’re turning complexity into clarity and giving people the chance to grow with confidence.”

    Lumicoin IA includes a range of features:

    Strategy simulation and backtesting via visual tokens

    Real-time IQ scoring and adaptability monitoring

    Portfolio creation with automated balancing

    Sentiment analysis from social and economic news

    User-friendly, code-free graphical interface

    Beyond its technological strengths, the platform promotes educational equity by inviting individuals, communities, and institutions to learn side by side. It encourages users to engage with financial learning not as a challenge, but as a progressive journey—one built on simplicity, feedback, and empowerment.

    As part of its open launch, L’École de Gestion d’Actifs et de Capital will continue collecting insights from users to refine Lumicoin IA’s capabilities and foster a global learning community.

    For those seeking a smarter, more humane approach to financial education, Lumicoin IA offers a clear starting point.

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –

  • MIL-OSI: Flipido Trading Center Launches ‘Flipido Learn’ Platform to Empower Crypto Investors Through Education

    Source: GlobeNewswire (MIL-OSI)

    Arvada, CO, May 07, 2025 (GLOBE NEWSWIRE) — Flipido Trading Center has launched a dedicated educational platform, Flipido Learn, to help users better understand digital assets, trading strategies, and market dynamics. This new initiative reflects the company’s ongoing commitment to responsible trading and financial literacy in the fast-growing crypto sector.

    Flipido Learn offers a structured curriculum of multimedia resources, including video tutorials, interactive quizzes, market explainers, and live webinars hosted by industry experts. Topics range from blockchain fundamentals and asset security to advanced technical analysis and decentralized finance (DeFi) protocols.

    “Education is the cornerstone of a healthy trading environment,” said Valerie, Head of Community Engagement at Flipido Trading Center. “Flipido Learn is designed to give users the tools they need to make informed decisions and navigate crypto markets with confidence.”

    To meet the needs of a global user base, the platform is multilingual and segmented into beginner, intermediate, and advanced learning tracks. Users can progress at their own pace and earn digital certificates upon completion of each module.

    In addition to self-paced courses, Flipido Learn includes weekly live sessions with analysts, portfolio managers, and fintech researchers. These sessions offer real-time insights into market trends, regulatory developments, and emerging technologies shaping the crypto landscape.

    The launch of Flipido Learn complements the platform’s existing security and trading infrastructure, which includes an AI-powered risk control engine, institutional-grade custody, and millisecond-level order matching. By integrating education with technology, Flipido aims to bridge the knowledge gap and promote long-term user engagement.

    Flipido also plans to collaborate with universities, nonprofit organizations, and regional fintech associations to extend access to blockchain education in underserved communities. The company has announced an upcoming scholarship program for students pursuing careers in digital finance and data science.

    With scams and misinformation still prevalent in the crypto space, Flipido Learn provides a reliable and neutral knowledge base for both novice and experienced investors. As digital asset adoption expands, the initiative is expected to enhance user trust and market participation.

    Flipido Trading Center continues to position itself as more than just a trading platform—it is a gateway to the broader digital economy, built on transparency, innovation, and user empowerment.

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –

  • MIL-OSI USA: SBA Opens New Business Recovery Center in McCracken County

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) announced the opening of a Business Recovery Center (BRC) in McCracken County to assist small businesses, nonprofits and residents affected by severe storms, straight-line winds, tornadoes, flooding, landslides and mudslides occurring April 2.

    Beginning Wednesday, May 7, SBA customer service representatives will be on hand at the BRC to answer questions about SBA’s disaster loan program, explain the application process and help individuals complete their application. Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov.

    The BRC’s hours of operation are listed below.

    Business Recovery Center (BRC)

    McCracken County

    McCracken County Rescue Vehicle Building Entrance

    3700 Coleman Road

    Paducah, KY 42001

    Opening: Wednesday, May 7, 1 p.m. to 6 p.m.

    Hours:     Monday – Friday, 8 a.m. to 6 p.m.

    Saturday, 9 a.m. to 3 p.m.

    Closed: Sunday

    “SBA’s Business Recovery Centers have consistently proven their value to business owners following a disaster,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “Business owners can visit these centers to meet face-to-face with specialists who will guide them through the disaster loan application process and connect them with resources to support their recovery.”

    The SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives and private nonprofit (PNP) organizations 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 small 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.

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

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

    Applicants may also be eligible for a loan increase of up to 20% of their physical damage, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.  

    Interest rates are as low as 4% for businesses, 3.625% for nonprofits, and 2.750% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

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

    The filing deadline to return applications for physical property damage is June 23, 2025. The deadline to return economic injury applications is January 26, 2026.

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    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 or 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. 

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