Category: Economy

  • MIL-OSI USA: Warren, Sánchez, Chu Lead Democrats in Raising Concerns about Corruption Risks from Trump Chaotic Tariff Scheme

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    April 17, 2025

    Over 45 lawmakers sound alarms about possible illicit payments, influence-peddling, insider trading

    Text of Letter (PDF) 

    Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, along with Representatives Linda Sánchez (D-Calif.), Ranking Member of the House Ways and Means Subcommittee on Trade, and Judy Chu (D-Calif.), led a group of 44 Congressional Democrats in writing to Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and U.S. Trade Representative (USTR) Jamieson Greer with concerns over  the potential for corruption in the implementation of the administration’s tariff policy. 

    The Trump administration’s tariffs rollout is rife with opportunities to unduly influence President Trump and other administration officials. The chaotic nature of the tariffs, including announcing them and pausing them shortly after they went into effect, provides ample opportunity for private sector corporations or sovereign nationals to corruptly seek exemptions. 

    “Corporations and sovereign nations facing existentially high stakes, and knowing tariffs are controlled by a small circle in the White House, can petition officials not to apply tariffs to them after the 90-day pause, to grant them exemptions, to decrease tariffs, or to impose tariffs on competitors — and can quietly offer something in return,” wrote the lawmakers

    President Trump’s record on tariffs in his first term illustrates his willingness to give preference to donors and allies while punishing enemies. Politically loyal companies that donated to Republican candidates, as well as companies with financial or political ties to President Trump, were more likely to be granted tariff exemptions after President Trump imposed them in his first administration. After auditing the Trump Administration’s tariff exclusion practices in 2018 and 2019, the Commerce Department’s Office of Inspector General found evidence of “off-record communications” and an “appearance of improper influence in decisionmaking for tariff exclusion requests.”

    “We fear the Administration is once again turning its tariffs policy into an underground market of exemptions in exchange for financial and political favors,” said the lawmakers

    President Trump has said he will consider exemptions and make decisions “instinctively,” while bragging about global leaders calling him in search of exemptions. 

    Trump’s ad-hoc process has started to bear fruit for special interests. Last week, the White House exempted smartphones and certain other high-end electronics from tariffs targeting China. Within hours, Big Tech stock prices soared — particularly the value of Apple, which makes the vast majority of its iPhones in China. Apple CEO Tim Cook donated to President Trump’s inauguration and cultivated a strong relationship with him in recent months, as he did during Trump’s first term to win tariff exemptions.  

    The on-and-off nature of President Trump’s tariffs also opens the door to rampant insider trading. Administration officials — and their families and friends — with early knowledge of changes in tariff policy can buy positions they expect will rise and sell those that will fall. On April 9, 2025, minutes before the administration announced a pause on most tariffs, the trading market began to skyrocket — suggesting that insiders acted on non-public information about the coming pause. President Trump then posted on social media “THIS IS A GREAT TIME TO BUY!!!,” still before any official announcement, causing stocks to further spike.

    Members of Congress, including Senator Warren, have asked the Securities and Exchange Commission (SEC) and ethics officials to investigate whether any securities laws were violated with this announcement.

    At the same time, the top ethics watchdog who can hold the administration accountable appears poorly positioned to tackle tariff-related corruption. In late March 2025, USTR Ambassador Greer was named Acting Director of the Office of Government Ethics (OGE) and now serves in both roles simultaneously. Therefore, a top tariff policy official is responsible for ensuring that tariff policy decisions are made free of financial conflicts.

    “This dual appointment raises blatant conflicts that risk undermining OGE’s ability to independently monitor trade officials’ conduct and recommend investigations into misconduct when necessary,” concluded the lawmakers

    The lawmakers asked the officials to provide clarity on the Trump administration’s exemption policy, if any official exemption request processes exist, where exemptions will be reported, whether an appeals process exists, the administration’s plans to ensure tariff exemptions are not corrupted, and more, by April 29, 2025.

    Senators Bernie Sanders (I-Vt.) and Sheldon Whitehouse (D-R.I.) joined in signing the letter. 

    The following Representatives joined in signing the letter: Gabe Amo (D-R.I.), Becca Balint (D-Vt.), Julia Brownley (D-Calif.), Salud Carbajal (D-Calif.), Greg Casar (D-T.X.), Danny Davis (D-Ill.), Diana DeGette (D-Colo.), Maxine Dexter (D-Ore.), Lloyd Doggett (D-Texas), Dwight Evans (D-Pa.), Cleo Fields (D-La.), Bill Foster (D-Ill.), Robert Garcia (D-Calif.), Jimmy Gomez (D-Calif.), Al Green (D-Texas), Steven Horsford (D-Nev.), Jared Huffman (D-Calif.), Pramila Jayapal (D-Wash.), Sydney Kamlager-Dove (D-Calif.), Timothy Kennedy (D-N.Y.), John Larson (D-Conn.), Summer Lee, (D-Pa.), Jim McGovern (D-Mass.), LaMonica McIver (D-N.J.), Gwen Moore (D-Wis.), Seth Moulton (D-Mass.), Jerry Nadler (D-N.Y.), Eleanor Holmes Norton (D-DC), Mark Pocan (D-Wis.), Ayanna Pressley (D-Mass.), Delia Ramirez (D-Ill.), Andrea Salinas (D-Ore.), Jan Schakowsky (D-Ill.), Terri Sewell (D-Ala.), Brad Sherman (D-Calif.), Lateefah Simon (D-Calif.), Mark Takano (D-Calif.), Shri Thanedar (D-Mich.), Dina Titus (D-Nev.), Rashida Tlaib (D-Mich.), Nydia Velázquez (D-NY), and Maxine Waters (D-Calif.). 

    MIL OSI USA News

  • MIL-OSI USA: Representatives Castor & Wittman Introduce Bipartisan, Bicameral Bill to Strengthen U.S. Role in Mapping Global Critical Mineral Resources

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

    WASHINGTON, D.C. – U.S. Reps. Kathy Castor (FL-14) and Rob Wittman (VA-1) introduced the Finding Opportunities for Resource Exploration (Finding ORE) Act to strengthen U.S. mineral security and reduce strategic vulnerabilities. Senators Chris Coons (D-Del.), Todd Young (R-Ind.), John Cornyn (R-Texas), and John Hickenlooper (D-Colo.) introduced a companion bill in the U.S. Senate.

    Critical minerals are essential to producing technologies for the defense, semiconductor, automotive, and energy sectors—industries that will determine America’s economic future and global influence. Although we have an abundance of domestic mineral resources, demand already outstrips this supply – we must work with allies and partners to achieve mineral security.  Additionally, the U.S. is heavily dependent on China for the production and processing of many key critical minerals.  This bill would leverage the strengths of the U.S. Geological Survey (USGS) in geological mapping of critical mineral reserves while giving U.S. firms a leg up in responsibly developing global mineral resources around the world with strong environmental and labor standards.

    This bill builds upon the bipartisan legislation of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party’s (CCP) Critical Minerals Working Group, which Reps. Castor and Wittman co-chaired in the 118th Congress.

    “America’s dependence on adversarial nations for critical minerals poses a significant threat to our national security and our clean energy future,” said Representative Castor. “The Finding ORE Act leverages our expertise in geologic mapping to promote the sustainable development of critical mineral supply chains through international partnerships. This legislation will make our nation safer and stronger while supporting our strategic alliances. I’m grateful to my bipartisan colleagues for working together to enhance U.S. leadership in the clean energy transition.”

    “Critical minerals and rare earth elements are the building blocks of our modern economy and our national security,” said Representative Wittman. “This bill ensures that the United States can work hand-in-hand with like-minded nations to identify and responsibly develop these essential resources, while strengthening supply chain resilience and promoting American leadership in mineral exploration. Through this bill, we are reinforcing our alliances, building technical capacity, and supporting global standards in responsible mineral development. I’m proud to introduce the Finding ORE Act as a forward-looking solution to this pressing global challenge.” 

    “From the technology that powers the cell phones in our pockets to the systems that keep us safe, Americans depend on critical minerals for our economic strength and national security,” said Senator Coons. “The Finding ORE Act makes sure that our nation will have access to the essential materials we need to keep innovating, growing our economy, and deterring our enemies. I’m grateful for the bipartisan and industry support this bill has received and look forward to pushing for its enactment.”

    “Many countries are unmapped or reliant on outdated geological surveys. Our bill would create opportunities for collaboration between the United States and these countries to update geological mapping with the goal of locating critical mineral deposits. These partnerships would be mutually beneficial and provide the United States access to more critical minerals, reducing our dependence on China,” said Senator Todd Young.

    “We can’t solve climate change or strengthen national security without harnessing the power of critical minerals,” said Senator Hickenlooper. “Better and more accurate maps will help us and our allies safely and ethically explore untapped critical mineral deposits.”

    “Access to a reliable supply chain of critical minerals is essential to meet our nation’s defense, manufacturing, and energy needs,” said Senator Cornyn. “By shoring up alliances with trusted allies and promoting geological mapping of critical mineral reserves, this legislation would ensure America has the resources needed to keep up with global demand and bolster both our mineral security and national security in the years ahead.”

    “The United States has too often watched from the sidelines as our adversaries explored, invested in, and secured the world’s most promising mineral deposits,” said Abigail Hunter, Executive Director of SAFE’s Center for Critical Minerals Strategy“This bill changes that. It positions the United States—our geological experts and industry—to help identify and potentially develop the next generation of great deposits. It ensures we show up in resource-rich nations, rather than leaving them to deepen their ties with China.” 

    “The American Critical Minerals Association welcomes the bipartisan, bicameral introduction of the Finding ORE Act by Senators Coons, Young, Hickenlooper, and Cornyn and Representatives Wittman and Castor,” said Sarah Venuto, Executive Director of ACMA.  “Expanding our knowledge base of global minerals resources and growing partnerships with our allies will ensure the United States is a leading force in resourcing critical minerals in a responsible way.” 

    “Colorado School of Mines commends Senators Coons, Young, Hickenlooper, and Cornyn and Reps. Wittman and Castor for their bipartisan efforts to leverage U.S. expertise in mineral mapping to support safe, secure, and responsible mineral supply chains,” said Dr. John Bradford, Vice President for Global Initiatives at Colorado School of Mines. “When called upon to contribute, institutions with strong partnerships with USGS, like Colorado School of Mines, seek to support America’s government and industry partners to advance the technology, knowledge, and workforce required to responsibly identify, assess, and produce mineral resources in the U.S. and around the world.”

    “BPC Action applauds the bipartisan introduction of the Finding ORE Act. The bill will strengthen U.S. supply chain security by enhancing coordination with allies on critical mineral development, helping secure new critical minerals sources free from adversary control,” said Michele Stockwell, president of Bipartisan Policy Center Action (BPC Action).

    “Terra AI celebrates this forward-thinking, bi-partisan critical minerals exploration legislation introduced by Senators Coons, Young, Hickenlooper, and Cornyn and Reps. Wittman and Castor,” said John Mern, CEO of Terra AI. “The Finding ORE Act would empower America’s agencies and private firms to explore and claim the next major deposits of critical minerals which will supply our industries for decades to come; supporting manufacturing, aerospace, energy, and artificial intelligence. We support this act’s unique approach to winning the critical minerals race by leveraging America and Her Allies’ relative advantages — strong diplomatic relations, world-leading technology, and entrepreneurial spirit. This act is the essential early stage first step to establishing US global mineral dominance and winning this generational opportunity.  As a mineral exploration AI company, we see huge value in collaboration between the private sector and our nation’s diplomatic, geologic and financial agencies abroad. It is a winning playbook, and we look forward to seeing more legislation in this area.” 

    The Finding ORE Act would authorize the Director of USGS to enter into memoranda of understanding (MOU) with foreign partner countries related to the mapping of critical minerals. The bill identifies four objectives for these MOUs:

    • Committing USGS to assist the partner country with a range of critical mineral mapping activities;
    • Committing the partner country to offer a right of first refusal to private companies based in the United States or an allied country in the further development of mapped critical minerals;
    • Facilitating investment in the development of critical minerals in the partner country, including by leveraging financing from the U.S. Development Finance Corporation and Export-Import Bank;
    • Ensuring that mapping data created through a partnership with USGS is not disclosed to governmental or private entities in non-allied countries. 

    The bill requires USGS to collaborate with both the State Department and the private sector in identifying which countries to prioritize for the negotiation of an MOU, and would involve the State Department in the negotiation and implementation process.

    A one-pager on the bill is available here.

    The full text of the bill is available here.

    MIL OSI USA News

  • MIL-OSI USA: Local Water Infrastructure Projects Receive Over $175M

    Source: US State of New York

    overnor Kathy Hochul today announced the Environmental Facilities Corporation Board of Directors approved over $175 million in financial assistance for water infrastructure improvement projects across New York State. The Board’s approval authorizes municipal access to low-cost financing and previously announced grants to get shovels in the ground for critical water and sewer infrastructure projects. These investments help make projects more affordable, reducing the need for higher rate increases to fund improvements.

    “An investment in our state’s water systems is an investment in New Yorkers’ quality of life – from safeguarding our drinking water to protecting the rivers and lakes we use for recreation,” Governor Hochul said. “By ensuring communities have the resources they need to complete crucial water infrastructure projects, we can create good-paying jobs and boost local economies while working toward a healthy environment for all New Yorkers.”

    Environmental Facilities Corporation (EFC) Board approved grants and financing to local governments from the Clean Water and Drinking Water State Revolving Funds – a mix of federal and state dollars dedicated to financing community water infrastructure projects. State Revolving Fund interest rates are below market rate, and with long repayment periods, communities may save significantly on debt service compared to traditional financing.

    The Board also approved executing previously awarded grants from the state’s Water Infrastructure Improvement program. EFC Board approval is a critical step in the funding process and will allow communities to access these funds for project implementation. Leveraging federal funding with state investments maximizes the impact of each dollar spent, empowering local communities to make critical system improvements they need to keep their residents safe and ensure cost is not a barrier for project implementation.

    Environmental Facilities Corporation President & CEO Maureen A. Coleman said, “The Environmental Facilities Corporation is proud to support communities across New York State that invest in clean, safe, and reliable water infrastructure. These approvals are symbolic of Governor Hochul’s commitment to affordability, public health, environmental protection, and economic resilience. By making these investments affordable, we’re helping municipalities tackle urgent infrastructure needs while minimizing the financial impact of these projects on local ratepayers.”

    New York State Department of Environmental Conservation Acting Commissioner Amanda Lefton said, “Under Governor Hochul’s leadership, New York continues to make nation-leading investments in clean water and transformational infrastructure projects that protect water quality and maintain the health and safety of all New Yorkers. Communities of all sizes across New York, from Cheektowaga to Port Jervis, will benefit from these investments and the ability to undertake vital upgrades and projects to protect public health, quality of life, and the environment.”

    New York Secretary of State Walter T. Mosley said, “Clean drinking water is the number one priority for healthy communities around New York State. Governor Hochul’s proactive investments, including over $175 million to provide support for critical water infrastructure improvements, will equitably help create environmentally sound cities by building groundwork projects that will lead to a better quality of life for millions of New Yorkers for generations to come.”

    Senator Charles Schumer said, “Access to clean drinking water and modern water-sewer systems is fundamental. This major federal investment will ensure families from Sylvan Beach to Port Jervis have safe drinking water and our beautiful waterways stay clean, all while creating new good paying jobs. I am proud to deliver this major funding from our bipartisan Infrastructure & Jobs Law to help turn the tide on our state’s aging water infrastructure and keep our communities safe and healthy.”

    Senator Kirsten Gillibrand said, “Access to clean water is a critical component of public health and a right for all New Yorkers. These projects will improve drinking water quality, protect the environment, and boost local economies across our state, and I am proud to see federal dollars being used to support these efforts.”

    Representative Nick Langworthy said, “Helping our struggling municipalities upgrade their aging water and sewer infrastructure is vital to maintaining overall public health and economic viability, particularly in our rural communities. I’m pleased the Town of Erwin and the Village of Mayville will benefit from this announcement through grants for the construction of wastewater treatment plant improvements and the installation of new groundwater wells. These projects are critical to our region, and I look forward to working with the Governor to expand access so even more municipalities can benefit from this program.”

    Representative John Mannion said, “Long-term, interest-free financing means that the Village of Waterville in NY-22 and communities across New York can make critical upgrades without placing a heavy burden on ratepayers. I commend Governor Hochul and EFC for making these smart forward-looking investments that ensure clean water and strong infrastructure to support future growth while protecting local taxpayers and the environment.”

    Funding was approved for projects in the following regions:

    Central New York

    • Town of Mexico – $2.5 million state grant for the installation of approximately 60,000 linear feet of water main and associated appurtenances to serve the new water service area no. 6.

    Finger Lakes

    • Village of Naples – $22.2 million grant and interest-free financing package for the planning, design, and construction of new sanitary sewers and a wastewater treatment plant expansion.

    Mid-Hudson

    • City of Port Jervis – $20 million grant and interest-free financing package for the planning, design, and construction of water meter replacements and sanitary sewer rehabilitation.
    • Town of Thompson – funding for two projects:
      • $3.2 million grant and low-cost financing package for the planning, design, and construction of pump stations and force main improvements in the Emerald Green/Rock Hill Sewer District.
      • $2.2 million grant and interest-free financing package for the planning, design, and construction of the Sackett Lake Sewer District collection system improvement project.

    Mohawk Valley

    • Village of Sylvan Beach – $51.1 million grant and low-cost financing package for the planning, design, and construction of upgrades at the East Oneida Lake Water Pollution Control Plant.

    North Country

    • Town of Chazy – $6.9 million grant and low-cost financing package for the planning, design, and construction of wastewater treatment plant improvements
    • Village of Clayton – $8.2 million grant and low-cost financing package for the replacement of the aged raw drinking water intake and approximately 25,000 linear feet of aged water main and associated appurtenances.
    • Town of Diana – $5.1 million grant and low-cost financing package for improvements at existing Well Nos. 1 and 3, installation of an approximately 350,000-gallon drinking water storage tank and new water mains.
    • Village of Lyons Falls – $1.6 million grant and interest-free financing package for the planning, design, and construction of wastewater treatment plant improvements.
    • Village of Malone – $14 million grant and low-cost financing package for the installation of a third production well and 5,300 linear feet of transmission main to connect the new well to the existing drinking water treatment building; construction of a 20′ x 16′ building around the new production well and a 20,000-gallon concrete storage tank to provide raw water storage; and installation of upgraded instrumentation, controls, and flow meters.
    • City of Plattsburgh – $3.6 million in grants for the second phase of drinking water system improvements including construction of a new groundwater source and associated electrical supply, upgrades to the water filtration plant electrical system, and replacement of an asbestos-cement water main.

    Southern Tier

    • Town of Erwin – $10.8 million grant and low-cost financing package for the design and construction of wastewater treatment plant improvements and extension of sanitary sewers along Route 417.

    Western New York

    • Village of Mayville – $7.5 million grant and interest-free financing package for the installation of a new groundwater well and/or installation of treatment for the existing well that is currently contaminated with PFOA.

    Refinancing Completed Projects Will Achieve Long-Term Debt Service Savings

    The Board also took action to help ensure continued, long-term affordability of existing projects. EFC provides short-term financing for design and construction of projects. Once project construction is completed, the short-term financing is typically refinanced to long-term financing for up to 30 years. Based on current market conditions, these long-term interest-free financings are projected to save local ratepayers an estimated $23 million in interest payments over the life of the financings.

    The Board approved long-term financing for projects undertaken by communities in the following regions:

    Mohawk Valley

    • Village of Waterville – $2.6 million long-term interest-free financing for the planning, design, and construction of system improvements at the wastewater treatment plant.

    Western New York

    • Town of Cheektowaga – $14 million long-term interest-free financing for the planning, design, and construction of sanitary sewer rehabilitation to reduce sanitary sewer overflows.

    Project Impact Dashboard

    New Yorkers can track projects benefiting from EFC’s investments using the interactive project impact dashboard. The map can be filtered by funding type and shows a project’s stage of construction. Each project announced today will be included on the map once the community executes a funding agreement with EFC.

    New York State’s Commitment to Water Quality

    New York State continues to increase its nation-leading investments in water infrastructure, including more than $2.2 billion in financial assistance from EFC for local water infrastructure projects in State Fiscal Year 2024 alone. With an additional $500 million proposed for clean water infrastructure in Governor Hochul’s FY26 Executive Budget, New York will have invested a record $6 billion in water infrastructure since 2017.

    MIL OSI USA News

  • MIL-OSI USA: Increasing Bus Service on 16 Local NYC Bus Routes

    Source: US State of New York

    overnor Kathy Hochul and the Metropolitan Transportation Authority (MTA) today announced it will increase bus service on 16 local routes across Brooklyn, Queens, the Bronx and Staten Island beginning June 29, 2025. This is in addition to enhanced express bus service on eight lines that went into effect earlier this Spring. The service enhancement will decrease travel times, shorten commutes and reduce wait times at bus stops.

    “Every New Yorker deserves access to safe, fast and reliable public transit, and I’m investing in our buses and subways so we can deliver better service in every corner of our city,” Governor Hochul said. “We’re taking action to strengthen our transportation infrastructure, bring stations and equipment up to par and create the best experience for every rider.”

    MTA Chair and CEO Janno Lieber said, “Buses connect New Yorkers to jobs, education, entertainment and everything else the city has to offer. By increasing service on some of the busiest routes in the outer boroughs, we can deliver opportunity and quality of life upgrades to literally thousands of New Yorkers.”

    Proposed by Governor Hochul in November 2024 in connection with the launch of congestion pricing, the service enhancements are one of the many ways stakeholders are working to give commuters better alternatives to driving. The following is a list of local bus routes that will benefit from the enhanced service. These lines have high ridership and, thanks to the success of congestion relief, allow riders to have expanded access to fast, safe, reliable transit service — especially in areas underserved by the subway system.

    The Bronx:

    • Bx10 (Riverdale-Norwood)
    • Bx17 (Port Morris-Fordham Plaza)
    • Bx23 (Co-op City-Pelham Bay Park Station)
    • Bx28/Bx38 (Co-op City-Fordham Center)

    Brooklyn

    • B17 (Crown Heights-Canarsie)
    • B26 (Fulton St-Ridgewood)
    • B74 (Sea Gate-Stillwell Avenue Station)
    • B103 (Canarsie-Downtown Brooklyn)

    Queens

    • Q13 (Flushing-Ft. Totten)
    • Q28 (Bayside-Flushing)
    • Q35 (Rockaway Park-Midwood)
    • Q43 (Jamaica-Floral Park)
    • Q66 (Flushing-Long Island City
    • Q69 (Long Island City-Astoria)

    Staten Island

    • S46/S96 (Castleton Avenue)
    • S79 SBS (Staten Island Mall-Bay Ridge)

    The following is a list of the express bus routes in the Bronx, Brooklyn, Queens and Staten Island that have already implemented expanded service:

    • BM2 (Canarsie-Avenue H-Midtown/Downtown)
    • BM5 (Spring Creek-Linden Blvd-Woodhaven Blvd-Midtown)
    • X27 (Bay Ridge-Midtown/Downtown)
    • QM15 (Lindenwood-Cross Bay Blvd-Woodhaven Blvd-Midtown)
    • SIM1C (Eltingville-Hylan Blvd-Midtown/Downtown)
    • SIM4C (Huguenot-Richmond Av-Midtown/Downtown)
    • SIM23 (Annadale-Arden Av-Midtown)
    • SIM24 (Prince’s Bay-Huguenot Av-Midtown)

    NYC Transit President Demetrius Crichlow said, “Frequent, reliable bus service is essential for so many New Yorkers, especially for those who don’t live near the subway. By enhancing bus service on 16 local routes starting this summer, we can improve trips along critical corridors, especially where we have seen increased ridership since the beginning of congestion relief.”

    Assembly Speaker Carl E. Heastie said, “Metropolitan Transportation Authority (MTA) bus routes are of great importance for everyday New Yorkers, facilitating their commuting to and from various destinations, like work, especially in transportation deserts. Today’s announcement of service enhancements for 16 local bus routes across the city set to commence this summer, will ensure frequent and dependable services during a period when ridership tends to surge. I would like to thank the MTA for its commitment to the people of New York and its dedication to ensuring the accessibility of public transportation for all.”

    State Senator Jeremy Cooney said, “When we invest in public transit, we break down barriers to transportation and make it easier for passengers to get from Point A to Point B, and increasing bus service helps achieve this. I want to thank Governor Hochul and MTA Chair Lieber for their commitment to an efficient bus system that meets the needs of all New Yorkers.”

    State Senator Leroy Comrie said, “Increasing bus services throughout Queens is crucial for ensuring that all New Yorkers have access to reliable and efficient transportation. These enhancements will reduce commute times and make connecting with essential services easier for our communities. I support this initiative, which reflects our commitment to improving public transit and enhancing the quality of life for all residents. I will continue to advocate for equitable investments in transportation, especially with the expansion of the Q43 route to better connect residents to vital locations.”

    State Senator Kristen Gonzalez said, “I’m so excited for more frequent and reliable bus service in our community. Thank you to the MTA for their work in expanding bus service across NYC, and to my colleagues in the legislature who voted to fund this project.”

    State Senator Andrew Gounardes said, “Brooklynites from across my district rely on buses to get to work, school, and everywhere else they need to go, and they deserve frequent, reliable service that works for them. That’s especially true for seniors, folks with disabilities and those who live far from the subway. These are some of the highest-ridership bus routes in the city, and this service increase is a boon to New Yorkers and to our economy. Thanks to the MTA for making smart investments like this in our transit system and our city.”

    State Senator Robert Jackson said, “Transit justice begins with investment—and I commend the MTA for taking this step toward a fairer, faster New York. For my constituents in District 31 and working-class New Yorkers across the city, expanded service on the Bx10 and other local routes is more than a convenience—it’s a correction. It’s a recognition that access to reliable, efficient transit is not a luxury, but a right. Every added bus, every reduced wait, brings us closer to a system that serves all of us—equitably, urgently, and with the dignity our communities deserve.”

    State Senator John Liu said, “These service enhancements are a welcome step forward for Queens riders who rely on our bus network to get to school, work, and other essential destinations every day. Increasing service on many of these routes will provide more options for riders in northeast Queens without direct subway access to connect to mass transit. This expansion is an important part of the MTA’s broader bus redesign and aligns with the goals of congestion pricing, which is to invest in faster, more reliable service and get more commuters out of their cars and into mass transit.”

    State Senator Julia Salazar said, “Hundreds if not thousands of New Yorkers in our district depend on buses to get to work, see their loved ones, grab their groceries, and more. As a strong advocate for investing in our public transit systems, I’m thrilled the MTA is enhancing services on 16 local routes, making commutes faster, more reliable, and more convenient.”

    Assemblymember Jeffrey Dinowitz said, “Thank you MTA for announcing increased bus service around the city, specifically in my district with the Bx10 bus line. The Bx10 runs throughout most of my district, including Riverdale, Kingsbridge, Van Cortlandt Village, and Norwood, and will now have additional buses in rotation all day, reducing wait times at bus stops and shortening travel times. Many of my constituents rely on the Bx10 for transportation and these new service enhancements will improve their daily commutes. Investing in our public transportation is one of the smartest choices we can make, and I am confident that these changes will benefit us all greatly.”

    Assemblymember Charles D. Fall said, “I’ve long called for improvements to the S46 line, and I’m glad to see this critical investment finally being delivered for the West Shore and North Shore communities of our borough. These enhancements will help reduce wait times, ease overcrowding, and make daily commutes more reliable for working families who rely on this route. I remain committed to fighting for equitable, accessible transit across Staten Island and beyond.”

    Assemblymember Larinda C. Hooks said, “We appreciate the additional service being added to key routes like the Q66 and Q69, which play an essential role in connecting neighborhoods across Queens. This is a positive step toward improving access for residents who often experience long and complex commutes. I look forward to continued efforts that build a more efficient and equitable transit system for all New Yorkers.”

    Assemblymember Jo Anne Simon said, “The upgraded B103 bus service is a game-changer for our community. More frequent service means faster, more reliable commutes. Investing in our bus network is critical to making transit work better for everyone.”

    Assemblymember Steven Raga said, “I’m grateful for the MTA’s leadership in creating reliable, efficient, and speedy bus service for New Yorkers. Like many New Yorkers throughout the city, I have several constituents who do not live near a train station, resulting in busses to be one of their only modes of transportation. The Q66, for example, is a vital bus service that connects my constituents in Jackson Heights and Woodside to neighborhoods all the way to Flushing and Long Island City. With the enhanced bus services taking effect, I’m excited for my constituents and all New Yorkers to experience faster commutes and experience shorter wait periods.”

    Assemblymember George Alvarez said, “Investing in better bus service is investing in the everyday lives of Bronx residents. With enhanced service on key routes like the Bx10, Bx17, Bx23, and Bx28/Bx38, communities from Riverdale to Co-op City will benefit from shorter wait times, improved reliability, and greater access to opportunity. This is a meaningful step toward a more connected, equitable Bronx.”

    Bronx Borough President Vanessa L. Gibson said, “I’m pleased to see the MTA expanding local bus service in the Bronx and across the city. Reliable and frequent public transit is essential to our communities — it connects people to jobs, school, healthcare, and opportunity. These service enhancements will help shorten commutes, reduce wait times, and make everyday travel more manageable for Bronxites who rely on our buses the most. Investments like this bring us one step closer to a more equitable and accessible transit system for all New Yorkers.”

    Queens Borough President Donovan Richards said, “More than 800,000 Queens residents rely on MTA bus service each day, and each one of them deserves a fast, reliable commute that gets them to work, school, home or elsewhere quickly. With these needed service enhancements — in tandem with the full Queens Bus Network Redesign coming this summer — that commute is exactly what families across the borough will finally be able to enjoy. I’m deeply grateful to our dedicated partners at the MTA for working hand-in-hand with our borough to deliver the kind of mass transit system all 2.4 million of us in Queens have long sought and advocated for.”

    The increased service is being funded with $8 million from the Outer Borough Transportation Account, which was established by the New York State Legislature in 2018 to improve transportation service in the outer boroughs.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Over 230 York pensioners £7,000 a year better off with Pension Credit

    Source: City of York

    The 231 pensioners in York who claimed Pension Credit since December 2024 are now an extra £7,000 a year better off.

    Following publicity campaigns to encourage eligible people to claim, 231 applications were made from December 2024 to February 2025 by residents over State Pension age and who are on a low income. They are now directly benefitting from a total extra £1,790,736 a year, from Pension Credit and linked benefits.  

    Of the total £1,790,736 now being paid yearly to those York residents, £338,866 was for backdated claims and £49,200 was for Winter Fuel Payments. Estimates suggest that the value of these awards over the estimated life expectancy of the claimants, could add up to over £10,638,000.

    One successful claimant from York said:

    I now have Pension Credit and Council Tax Support and couldn’t feel happier – it is so lovely. I wouldn’t have known what to do or that this would be possible without Age UK York and the Carers’ Centre helping me. Thank you so much.”  

    This is part of an ongoing campaign in partnership with organisations including Citizens’ Advice York, Older Citizens Advocacy York (OCAY), Age UK York and the Carers’ Centre to make sure residents claim all the support available to ease financial pressures, particularly with recent increases to energy and water bills.

    To be able to make a claim, residents must be over State Pension age and on a low income. Pension Credit tops up:

    • weekly income to £227.10 for single people
    • joint weekly income to £346.60 for those with a partner.

    People with a higher income might still be eligible for Pension Credit if they have a disability, care for someone, have housing costs or have savings.

    Cllr Katie Lomas, Executive Member for Finance, Performance, Major Projects, Human Rights, Equality and Inclusion at City of York Council, said:

    Last autumn, Government data showed that around 1,600 York households were missing out on Pension Credit. We contacted those they had details for, advising them that they might be eligible and offering advice and support to apply for it.  

    “Of the 470 we contacted, 231 have successfully applied and together, are £1,790,736 a year better off.

    “We are continuing our campaign and will be letting more people know they could be missing out and how to apply. If you haven’t claimed yet, it’s really worth doing so. Help to make your claim is available for a share of over £1 million remaining unclaimed by York residents.”

    Simon Holmes, Chief Executive of Age UK York, said:

    We recognise the challenges faced by too many older people, both here in York and across the country, with 34% of pensioners feeling less financially secure than a year ago and over 450,000 in our region having to cut back on heating or powering their home.

    “For each of the 246 – and counting – individuals helped here in York who are now receiving Pension Credit it can make such a vital difference not only financially, but to their independence and wellbeing. We would please encourage anyone unsure if they are eligible to find out more and to get in touch here in York

    “A huge thank you to all those involved in making this happen across our partnership with their expertise and compassion in being there to help and continuing to offer such valued support each day to local people and communities across York.”

    Find out if you’re eligible, what you’re eligible for and how to apply at www.gov.uk/pension-credit or call free on 0800 99 1234. For local information and support, see www.york.gov.uk/PensionCredit

    MIL OSI United Kingdom

  • MIL-OSI Global: Trump takes a line from ‘world’s coolest dictator’

    Source: The Conversation – UK – By Jonathan Este, Senior International Affairs Editor, Associate Editor

    What a difference a dictator makes. Some world leaders get a rough ride in their Oval Office meetings with Donald Trump – most famously, the Ukrainian president Volodymyr Zelensky, who the US president and his entourage publicly disparaged in their now-notorious meeting at the end of February. But not El Salvador’s Nayib Bukele, the self-styled “world’s coolest dictator” – an autocrat whose country’s incarceration rate is the highest in the world – with whom Trump swapped a few friendly quips this week about authoritarian leadership.

    “They say that we imprisoned thousands. I say we liberated millions,” said Bukele about his record of jailing people without due process, adding that: “To liberate that many, you have to imprison some.”

    “Who gave him that line? You think I could use that?” replied Trump to general merriment.

    Bukele has obliged Trump by incarcerating hundreds of Venezuelan and Salvadoran migrants deported from the US on suspicion of being members of criminal gangs – none of whom have had their day in court. One person of particular interest to the journalists was Kilmar Abrego Garcia, a Maryland man deported due to an “administrative error”. The US Supreme Court has ordered the Trump administration to do everything in its power to “facilitate” his return to his wife and family in the US.

    “Of course I’m not going to do it,” Bukele said, when asked if he would send Abrego Garcia back to the US, adding that it would be like “sending a terrorist back to the United States”. Smiles all round from the US officials. This apparently makes it a matter of foreign policy rather than a failure of US justice – or, just as crucially, an impending constitutional crisis over the Trump administration’s failure to obey a Supreme Court ruling.


    Sign up to receive our weekly World Affairs Briefing newsletter from The Conversation UK. Every Thursday we’ll bring you expert analysis of the big stories in international relations.


    Bukele knows a thing or two about circumventing constitutional law, writes Amalendu Misra, a professor of international politics at Lancaster University, who has written extensively about Latin America for The Conversation. The Salvadoran president is serving a second term, despite his country’s constitution previously restricting a president from serving two consecutive terms.

    Critics say Bukele used his considerable majority to replace five members of El Salvador’s Supreme Court in order to get the decision he wanted – which may also have raised him in the US president’s estimation.

    Misra charts Bukele’s rise to power and his achievements in office, which include transforming El Salvador from the murder capital of the world to having one of the lowest homicide rates in the western hemisphere. But not without considerable infringements of human rights and civil liberties – something to which, as we’ve seen, Bukele unabashedly owns up.




    Read more:
    Nayib Bukele: El Salvador’s strongman leader doing Donald Trump’s legwork abroad


    Meanwhile, constitutional scholars are picking apart the US Supreme Court’s ruling in the matter of Abrego Garcia, who is currently sitting in El Salvador’s notorious Center for Terrorism Confinement (Cecot) mega-prison.

    What exactly did the court mean when it instructed the Trump administration to “facilitate” his return to the US? The US attorney-general, Pam Bondi, offered her interpretation on Wednesday – saying the decision was completely up to Bukele, and that if he wanted to send Abrego Garcia back, “we would give him a plane ride back”.

    Trump’s relationship with US constitutional law is already coming under a fair bit of scrutiny, as he and his senior officials have embarked on a concerted effort to push back against court rulings which seek to reverse or delay some of his policies.

    “Trump’s approach seems to be one of testing the limits of the law,” writes Stephen Clear, a constitutional law expert at Bangor University. Clear believes that Trump’s second term is going further, faster, than his first in putting pressure on the system of checks and balances on which the US constitution depends.

    Clear looks at Trump’s strategy of using executive orders to make policy – there have been 124 in his first 85 days (executive orders don’t need congressional approval). The federal courts are now examining many of these orders, which have been challenged on the grounds of unconstitutionality. The US Supreme Court is already facing an unprecedented number of emergency applications, and it remains to be seen when the justices will decide – and, crucially, how the administration responds to the Supreme Court’s decisions.




    Read more:
    Trump’s tactics for creating disruption are testing the limits of presidential power – a legal expert explains


    A federal court judge whose ruling regarding the deportation of 100 migrants to El Salvador was apparently disregarded by the Trump administration has released an opinion that this failure to comply constitutes “probable cause” to hold members of the administration in criminal contempt.

    US district court judge James Boasberg wrote that a judicial order “must
    be obeyed – no matter how erroneous it may be – until a court reverses it”. US legal scholar Cassandra Burke Robertson answers our questions about this matter.




    Read more:
    Federal judge finds ‘probable cause’ to hold Trump administration in contempt – a legal scholar explains what this means


    In the end, the most reliable test of Trump and the Republican party is still at the ballot box. The mid-term elections, the first real test of the US public’s approval of Trump 2.0, are more than 18 months away. But how is the second Trump administration going down with Americans?

    It depends who you ask, writes Paul Whiteley of the University of Essex. Whiteley, an expert scrutineer of public opinion, was interested to see whether the recent upheaval created by Trump’s tariffs plan had affected the way the US public views his performance.

    Committed Republicans still tend to give credit to Trump that he knows what he is doing, while Democrats, as you’d expect, remain fundamentally opposed to the administration. And the same goes, broadly speaking, for their respective views on his handling of trade policy. But the big shift, Whiteley observes, is among people identifying as independents, where Trump’s approval rating has fallen considerably, particularly over the tariffs.

    This is significant, Whiteley believes, because independents now make up the largest voter group in the US. He concludes: “If this shift continues, and independent voters support Democrat candidates in the 2026 mid-term elections, it means that the Democrats are likely to take control of Congress.”




    Read more:
    Have Trump’s tariffs affected his popularity? Here’s what approval data shows


    A tale of two peace talks

    Another Trump campaign promise is coming under increasing scrutiny: his pledge to end the war in Ukraine “within 24 hours”. The US president now insists he was “being sarcastic” when he made that claim – but, after nearly three months, Trump’s efforts to end the war are “struggling to get off the starting blocks”, writes Jennifer Mathers from Aberystwyth University.

    Despite Zelensky having unconditionally accepted the initial proposal for a 30-day ceasefire and backing US efforts to establish a limited ceasefire – applying to energy infrastructure and on the ocean – Russia has redoubled its attacks. The recent Palm Sunday strikes, which killed at least 35 civilians in the border town of Sumy, appeared particularly gratuitous given that the two sides are supposed to be talking peace.

    Mathers writes that Vladimir Putin is deliberately doing all he can to drag his feet over negotiations, while maintaining Russia’s original demands for huge swaths of Ukrainian territory, guarantees that Kyiv will drop its plan to join Nato, and for elections to be held in Ukraine. You’d have to imagine that Moscow will pull out all the stops to ensure the winner is more to its liking than Zelensky.

    One of the main problems, as Mathers sees it, is that the various American diplomats keep repeating Putin’s demands, lending them legitimacy. It goes without saying that these demands find no favour with Kyiv, as they amount to virtually complete Ukrainian capitulation.




    Read more:
    Why is Donald Trump failing to bring peace to Ukraine like he promised?


    The other big diplomatic gambit involving the Trump White House is in Oman this weekend, as representatives from the US and Iran meet to discuss the possibility of a new deal on Iran’s nuclear programme. The initial signs aren’t good. Trump has threatened dire consequences unless Iran is willing to give up its nuclear ambitions. Iran refuses to countenance this idea.

    But there are signs that behind the scenes, there may be some progress. Iran’s leaders are under heavy domestic pressure to get sanctions lifted as its economy continues to tank. And it has been reported that Trump refused to approve joint US-Israeli strikes on Iranian nuclear facilities.

    Simon Mabon from Lancaster University – a specialist in Middle East security and particularly the relationship between Saudi Arabia and Iran – examines what the talks mean for the broader stability of the Middle East. He believes the outcome of the talks are being watched particularly closely by China, which has its own ambitions for the region.




    Read more:
    US-Iran: future stability of Middle East hangs on success of nuclear deal – but initial signs are not good


    Indian democracy

    Last year’s election in India was the biggest democratic exercise the world has ever seen, involving upwards of 642 million people casting their votes in seven phases across this vast country. It was, in fact, the biggest election ever to be held in India, surpassing the first elections held in 1951-52 after the country achieved independence from Britain.

    Tripurdaman Singh, a fellow of the University of London’s School of Advanced Study, has traced the progress of democracy in India from what he describes as “a moment of such staggering idealism and exuberance, a leap of faith so audacious, that the famous jurist and scholar Kenneth Wheare termed it ‘the biggest liberal experiment in democratic government’ that the world had seen”.

    Singh takes a detailed look at this experiment in democracy, examining the fledgling country’s constitution and how it has been interpreted since. He finds that this “idealism” was more of an aspiration than an actuality, and that power has always been firmly held by the executive. But, he writes, the sheer diversity of the electorate has – in the main at least – successfully prevented tyrannical impulses from India’s leaders. At least, it has thus far.




    Read more:
    Birth of India: ‘biggest experiment’ with democracy was a huge gamble. Happily the people have made it work – here’s how



    World Affairs Briefing from The Conversation UK is available as a weekly email newsletter. Click here to get updates directly in your inbox.


    ref. Trump takes a line from ‘world’s coolest dictator’ – https://theconversation.com/trump-takes-a-line-from-worlds-coolest-dictator-254809

    MIL OSI – Global Reports

  • MIL-OSI: AppTech Expands Fintech Frontiers with Lender Processing

    Source: GlobeNewswire (MIL-OSI)

    CARLSBAD, Calif., April 17, 2025 (GLOBE NEWSWIRE) — AppTech Payments Corp. (NASDAQ: APCX), a leading innovator in financial technology, announced the recent launch of its Lending Integrations and Processing Platform. Following the successful underwriting of several prominent loan processors, AppTech anticipates significant growth as our partners increase onboarding their networks of portfolio companies. Management expects to drive substantial transaction volume, with a near-term goal exceeding 250,000 transactions per month, in a marketplace of millions of monthly transactions.

    “This platform is a testament to our ongoing commitment to our partners’ success, delivering both effectiveness and efficiency at the highest level,” said CEO Thomas DeRosa. He added that he is encouraged by the company’s strong operational momentum and growth trajectory and remains confident in achieving cash break-even by the end of the year.

    About AppTech Payments Corp.

    AppTech Payments Corp. (NASDAQ: APCX) provides digital financial services for financial institutions, corporations, small and midsized enterprises (“SMEs”), and consumers through the Company’s scalable cloud-based platform architecture and infrastructure. For more information, please visit apptechcorp.com.

    Forward-Looking Statements

    This press release may contain forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate, believe, estimate, expect, forecast, intend, may, plan, project, predict, should, will” and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company’s control. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

    AppTech Payments Corp.

    760-707-5959

    info@apptechcorp.com

    The MIL Network

  • MIL-OSI USA: PHOTOS: Senator Reverend Warnock Speaks to NPR in Warm Springs on the Legacy of FDR and Our Nation’s Unfinished Work

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    PHOTOS: Senator Reverend Warnock Speaks to NPR in Warm Springs on the Legacy of FDR and Our Nation’s Unfinished Work

    Senator Reverend Warnock was recently in Warm Springs, Georgia to commemorate the 80th anniversary of President Franklin D. Roosevelt’s (FDR) passing at the “Little White House”
    FDR suffered a stroke while posing for a portrait that remains unfinished to this day and is on display on the Little White House grounds 
    Senator Reverend Warnock gave a keynote speech framed around the unfinished portrait and how it reflects FDR’s unfinished legacy and the unfinished work of our nation 
    Senator Reverend Warnock: “FDR collapsed from a stroke, never got up, and the portrait was never finished. In a real sense, that’s how we live our lives, even at our best, it is an unfinished project, an unfinished portrait. What remained was a loose watercolor sketch of his head and shoulders. It was an unfinished portrait, an unfinished presidential term, an unfinished legacy, and in many ways, the America he fought for remains unfinished. That brush may have stopped mid stroke, but what Roosevelt painted into the fabric of this nation still colors our lives today”
    ICYMI from National Public Radio: 80 years after President Franklin Roosevelt’s death, Trump cuts threaten his legacy
    ICYMI from the Atlanta Journal-Constitution: Georgia gathers at Little White House on 80th anniversary of FDR’s death
    Above: Like FDR, Senator Reverend Warnock finds himself in good spirits under the Georgia sun in Warm Springs
    Warm Springs, GA – On Saturday, April 12, on the 80th anniversary of the passing of President Franklin D. Roosevelt, U.S. Senator Reverend Raphael Warnock (D-GA) journeyed to the late president’s Little White House in Warm Springs, Georgia to deliver a keynote address honoring the unfinished legacy of FDR and the unfinished work of creating opportunities for all Americans to thrive regardless of their race, age, creed, or station in life. Ahead of his remarks, Senator Warnock saw FDR’s infamous “unfinished portrait”, a watercolor painting the 32nd president was posing for when he suffered a stroke, which he eventually succumbed to on April 12, 1945. In his remarks, Senator Warnock evoked the unfinished portrait and how it resembles the unfinished legacy and mission of FDR in creating economic, social, and political opportunity for all Americans.
    “FDR collapsed from a stroke, never got up, and the portrait was never finished. In a real sense, that’s how we live our lives, even at our best, it is an unfinished project, an unfinished portrait. What remained was a loose watercolor sketch of his head and shoulders. It was an unfinished portrait, an unfinished presidential term, an unfinished legacy, and in many ways, the America he fought for remains unfinished. That brush may have stopped mid stroke, but what Roosevelt painted into the fabric of this nation still colors our lives today,” said Senator Reverend Warnock.  

    Above: Senator Reverend Warnock with FDR’s infamous unfinished portrait in Warm Springs
    “What [FDR] accomplished was extraordinary, and much of it was inspired by the spirit of Georgia, warmed up by these Warm Springs in which he drew inspiration and motivation that he needed to rebuild an anguished nation. Over the years, after making his first journey here in 1924, President Roosevelt saw the South’s struggling economy, he saw the many challenges of our state. He saw the lack of educational opportunities. He saw the lack of electricity and family farms being foreclosed. He saw poverty and disease, both in a literal sense and in a spiritual sense. And he saw the impact of that in Georgia and on our nation. He saw a lack of good paying jobs, creating a crisis for the economy and, more importantly, a crisis in the human soul. So, as FDR came down to Warm Springs for his own healing. He saw the healing that needed to be done. You can’t lead the people unless you love the people. And in order to love the people, you got to walk with the people,” said Senator Reverend Warnock in his keynote speech.

    Above: Senator Reverend Warnock signs the VIP guest book at the Little White House
    “So the mission continues, the work still lies ahead. We must not give in to those who are trying to weaponize fear. FDR said, ‘We have nothing to fear but fear itself.’ Now, like all of you, I grew up hearing that, and I must admit that since I’ve been hearing it all my life, it was just, you know, something people say. ‘We have nothing to fear but fear itself.’ It’s one of those things that’s so deep in the culture you hear it without really hearing. I’m not so sure I knew what Roosevelt meant until late, because in this moment in our lives, there are those in high office who are trying to weaponize fear. There are those in high office who want us to be afraid of one another. Want white people to be afraid of Black people, and Black people to be afraid of brown people, want the young to resent the old and the old to forget about the young. We have nothing to fear but fear itself. Translation, if there’s anybody to be afraid of, we ought to be afraid of the politicians who want us to be afraid of one another. We have nothing to fear but fear itself,” Senator Reverend Warnock continued.
    Following his remarks, Senator Warnock toured the Little White House where FDR was posing for the unfinished portrait. The senator surveyed the bedroom where the late president eventually succumbed to his stroke, leaving behind a nation in recovery from the Great Depression and on a path to victory in World War II. Senator Warnock also viewed the nearby pools where FDR found some relief in his battle with polio. 
    A transcript of Senator Warnock’s speech can be found below (lightly edited for clarity):
    I want to recognize all the elected officials in the house, those who serve, those who have served, and those who seek to serve, stand up, all of you.
    Thank you so very much, it’s wonderful to be here. I also want to recognize the Friends of the Little White House, the Georgia Department of Natural Resources for organizing this great event. My church, Ebenezer Baptist Church, has also supported our historic sanctuary through the work of the fine men and women of the park service and those who support that work, so I understand a little bit about what it takes to maintain a facility like this. Thank you for your service in preserving the beauty, history, and the culture of our great state. Give them a great big round of applause.
    80 years ago today, April 12, 1945, was described as a sunny spring day here in Warm Springs. A president weary from war was now in good spirits under the Georgia sun. President Franklin Delano Roosevelt was no doubt looking ahead to the world that would rise from the ashes and a country still climbing towards its highest ideals. Back in his little white pine cottage that afternoon, the president was posing for a portrait as an artist was attempting to capture a giant. Some have said a picture is worth a thousand words. But as fate would have it, the man who had helped save democracy at home and around the world collapsed from a stroke. 
    He succumbed to what William Cullen Bryant called that mysterious realm where each shall take his chamber in the silent halls of death. Martin Luther King Jr., who reminded us that death is not an aristocracy for some, but a democracy for all. Each of us comes to that moment, the rich and the poor, those who sit high, those who sit low. Death, as Doctor King said, is life’s common denominator. We might want to think about what we want to make of our lives. 
    FDR collapsed from a stroke, never got up, and the portrait was never finished. In a real sense, that’s how we live our lives, even at our best, it is an unfinished project, an unfinished portrait. What remained was a loose watercolor sketch of his head and shoulders. It was an unfinished portrait, an unfinished presidential term, an unfinished legacy, and in many ways, the America he fought for remains unfinished. That brush may have stopped mid stroke, but what Roosevelt painted into the fabric of this nation still colors our lives today. An unfinished legacy, unfinished presidential term, unfinished portrait; so much wisdom and poetry, even in how he left us. 
    I submit that your life’s project ought to be longer than your lifespan. If you can finish your life’s project in your lifespan, then your imagination is too small, and your vision of what we can become and who we are together has yet to mature. FDR understood that. He poured himself out, a term as a pastor we use especially this time of the year, during the season of Lent, during the season of Passover, that the one in whose name you and I preach on Sunday morning submitted to what theologians called kenosis. He literally poured himself out. That’s what servant leadership looks like. Pouring yourself out for others, and in so doing, what he was able to accomplish was extraordinary, because FDR, for all his pain, he was never focused on himself. The way to find yourself is to give yourself over to something bigger than yourself, and then you might find yourself.
    What he accomplished was extraordinary, and much of it was inspired by the spirit of Georgia, warmed up by these Warm Springs in which he drew inspiration and motivation that he needed to rebuild an anguished nation. Over the years, after making his first journey here in 1924, President Roosevelt saw the South’s struggling economy, he saw the many challenges of our state. He saw the lack of educational opportunities. He saw the lack of electricity and family farms being foreclosed. He saw poverty and disease, both in a literal sense and in a spiritual sense. And he saw the impact of that in Georgia and on our nation. He saw a lack of good paying jobs, creating a crisis for the economy and, more importantly, a crisis in the human soul. So, as FDR came down to Warm Springs for his own healing. He saw the healing that needed to be done. You can’t lead the people unless you love the people. And in order to love the people, you got to walk with the people. 
    People called to serve must be willing to walk with you, even as we work for you. So he drew inspiration and insight from being in these spaces and in these places. Struggling with polio, so much to learn about his life. I’m inspired and amazed, quite honestly, so many layers, struggling with polio. Polio, by the way, a disease that we’ve pushed back through the insights of doctors and others. Now, because of the success of those vaccines, we have an anti-vaccine movement. Privilege as a way of blinding. The reason we can have an anti-vaccine movement is because the vaccines work. Almost nobody remembers what polio looked like. So, all of a sudden, we become really profound indeed. I digress. Thank God for science; my faith has no quarrel with science. 
    He came here for his own healing. Somehow, being here, he was able to transform his pain into power, suffering in the sacrifice, sacrifice into salvation for others who suffer. We now live in his legacy–all of us. Social Security. Prior to FDR, for most people, when you got old, it was a sentence into poverty. Sometimes it’s easy to attack things because you don’t remember what it was like before we had it. Social Security was important then, it’s important now, and I’m going to stand up and defend it. Pathways to homeownership, minimum wage jobs, unemployment insurance, all of that, FDR. Rural electrification, job programs that build bridges and roads and restored dignity to families who had lost everything. He did more in a wheelchair than most presidents ever imagined doing sitting in an Oval Office. These weren’t just policies. These were promises aimed at restoring the dignity of work, being able to provide for your family. They represented the belief that the public servants working towards a common cause could be a force for good in people’s lives.
    Between 1933 and 1940, the New Deal brought $250 million to Georgia and established agencies that offered a broad range of public works programs, including the construction of libraries, roads, schools, parks, hospitals, airports, and housing, because he understood that infrastructure is the common space that we share with one another. It is the covenant that we have with one another. Broken roads and broken bridges are indicative of a broken people. In the wealthiest nation on the planet, a broken commitment to the house that we live in together.
    Perhaps no issue greater reflects Warm Springs’ impact on FDR’s policies than rural electricity. Georgia farmers and Georgia families were hit especially hard by the Great Depression. Their recovery was slowed by the high cost of electricity, which was only used in 10% of rural homes in 1935. Electric companies were simply not willing to string miles of wire to rural communities, so those people had to go without. Too often rural communities are invisible to people in power. FDR saw rural communities. One of the great characteristics of leadership is just the ability to see you.
    And it is here that he was motivated to start the Rural Electrification Administration, an effort designed to bring electric power to rural areas at reasonable rates. Roosevelt cemented the connection by signing the electrification bill into law right here at the Little White House, where his first electric bill in this little house was four times greater than that of his home in New York. Somebody needed to fix that. He got busy doing it. This improved the quality of life and productivity for small farms. And Roosevelt did not stop there. He implemented policies to improve soil health and prevent erosion, provide farmers with loans to move to improved farms, and helped raise long depressed cotton prices. He understood that when you center the people rather than the politics, you have a shot at getting the policy right.
    For many of these rural Georgians the federal government felt like some distant entity, long distance from where they actually live. Like so many people today, they looked at what was going on in Washington, they asked themselves, what in the heck does that have to do with me? The New Deal answered that question; the New Deal provided federal investments that they could see directly benefiting their local communities. The policy showed up where they actually live, and it offered people the hope they needed for a resilient nation to believe that their best days were ahead of them and not behind them.
    He believed in the future, and not in some imaginary vision of who we used to be. He sought simply to make America great–period. Make it great not by moving backwards, but by moving forward. I stand in awe of this man. Where did he get such imagination, such grit, such determination, such love of the people–all the people. Moral courage. It makes you stand up, no matter what it looks like at the moment. Perhaps, here is the answer. He said, while suffering from polio, “When you have spent two years in bed trying to wiggle your big toe, everything else seems easy.” 
    He transformed his pain into power, suffering into sacrifice, and sacrifice into salvation for those who suffer. Now, it’s important to note, if we would be honest, that while the New Deal transformed America, there was still a whole lot more work to be done. This was still 1940s America. There were those who still suffer in our nation’s complicated story and still ran up against the reality of deep-seated discrimination. My own father, born in 1917, I had an older father, served for about a year, one year in the Army during World War II, all stateside. One day, he was headed home on a bus in the soldier’s uniform, and my father had to give up his bus seat because the bus driver saw a young, white teenager, and the man with a family and a soldier’s uniform had to give up his seat to a teenager. My dad had to give up his bus seat, but his son now sits in a Senate seat.
    I thank God for Roosevelt’s New Deal, but my people still had a raw deal. My dad never became bitter. He believed in the future. Dr King, and those who marched alongside him, stood up and pushed the country closer to its ideals. An unfinished portrait–that’s what America is, and we have to keep painting. We have to keep adding colors and hues and nuances in order to understand what this country is all about. He was informed. He was inspired by Warm Springs. But we dare not leave this place today without mentioning somebody else. Her name was Eleanor. By every great man is a smarter woman. Brilliant and courageous in her own right.
    Today in the United States Senate, I see my work as a continuation of that great patriot and so many others who tried to make America great. That is why, since entering the Senate in 2021, I have fought to expand access to affordable health care, because health care is a human right, and it is certainly something that the wealthiest nation on the planet can provide for all of its citizens, and oh, by the way, Georgia needs to expand Medicaid. I have fought to strengthen our democracy, to widen the pathways to quality education and good paying jobs. It’s good public policy, but it’s also the right thing to do. That’s right. A budget is not just a fiscal document, it’s a moral document. Show me your budget, and I’ll show you who you think matters. As I look at this budget, some of my colleagues are trying to push through the Congress right now, it passed the Senate, has now passed the House, a budget that will cut perhaps as much as $800 billion for Medicaid that would leave Social Security struggling. Forget the fact that 71% of the people on Medicaid in Georgia are children. I look at that kind of budget, I have to say that if that budget were an EKG, it would suggest that some of my colleagues have a heart problem, and they are in need of moral surgery.
    So let’s make sure everybody has access to health care. That’s why I was pleased to be able to write a law to cap the cost of insulin for seniors to no more than $35 out of pocket per month. We ought to expand the Child Tax Credit. When we did it in 2021, we cut child poverty by more than 40%. Listen to me. Poverty is violence. It is violence against the human spirit and child poverty is trauma, and what’s extraordinary is that poor children do as well as they do. You can literally see in the brain the impact that poverty has on the brain of a young child. So as I stand here, I can’t forget about the fact that long before I was a United States Senator, I was a kid in Head Start. Grew up in public housing. Head Start, a good public policy, exposed me to literacy and reading and gave me a love of learning. Then I went to high school, and someone put me in an Upward Bound program and put me on a college campus so I can imagine that I could be in college and at a university, that I could study and grow. And with grit and determination, I went to Morehouse College. I didn’t have enough money to go. I often say I went to college on a full faith scholarship. I did not have enough money for my first semester. 
    But through hard work, some of my friends and classmates are here, through hard work, hope, and grit and determination, I was able to graduate from Morehouse College. Yes, I believe in personal initiative. Yes, I believe in personal responsibility. Yes, I believe you have to stay up late and burn the midnight oil. You got to do the work. But guess what? I did the work, but somebody still gave me a Pell Grant and some low interest student loans. You can pull yourself up by your own bootstraps, but you still need a path to get to where you’re trying to go, and that’s what good public policy can do. It gives ordinary people a chance to make the best out of their life. So we have to stand up for ordinary people. We have to stand up for farmers in this moment. Farmers are an answer to a prayer. They are literally an answer to a prayer that all of us pray. Many of us every night, give us this day, our daily bread. 
    So the mission continues, the work still lies ahead. We must not give in to those who are trying to weaponize fear. FDR said, “We have nothing to fear but fear itself.” Now, like all of you, I grew up hearing that, and I must admit, Brother Luke, that since I’ve been hearing it all my life, it was just, you know, something people say. We have nothing to fear but fear itself. It’s one of those things that’s so deep in the culture you hear it without really hearing. I’m not so sure I knew what Roosevelt meant until late, because in this moment in our lives, there are those in high office who are trying to weaponize fear. There are those in high office who want us to be afraid of one another. Want white people to be afraid of Black people, and Black people to be afraid of brown people, want the young to resent the old and the old to forget about the young. We have nothing to fear but fear itself. Translation, if there’s anybody to be afraid of, we ought to be afraid of the politicians who want us to be afraid of one another. We have nothing to fear but fear itself. The Bible tells us that perfect love [inaudible]. It takes courage to love, and justice is what love looks like in public. 
    So we remember 80 years ago today, his life was poetry, and so was his death. It must have been heartbreaking in that moment, something elegant about the way he left us. We find ourselves when we give ourselves over to something bigger than ourselves. There he was struggling with polio, trying to stand again, struggling against paralysis. Today, America is struggling to stand. We’re paralyzed today, not by polio, but by polarization. FDR never found the strength after he failed that day to stand up. He always found strength when he tried to stand up for somebody else. Perhaps that’s the lesson in this moment, these dark and difficult days, and these days of fear and polarization, and these days of tariffs–and we don’t know what the economy is going to bring tomorrow. Perhaps the lesson is that we learn to stand. When we stand up to somebody else. So stand up for children, stand up for our young people, stand up for women, stand up for the poor and the marginalized. Stand up for all of us. Stand up for
    what America can be. 

    MIL OSI USA News

  • MIL-OSI USA: Senator Reverend Warnock, Colleagues Introduce Legislation to Expand Childcare Relief 

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Senator Reverend Warnock, Colleagues Introduce Legislation to Expand Childcare Relief 

    The Child and Dependent Care Tax Credit Enhancement Act permanently expands childcare tax credits to alleviate childcare costs for working families
    Senator Reverend Warnock has long been a champion for providing tax cuts to working families
    Last week, Senator Reverend Warnock introduced the American Family Act, which would nearly double the Child Tax Credit (CTC) 
    Senator Reverend Warnock: “The Child and Dependent Care Tax Credit Enhancement Act will help parents and caregivers afford caretaking costs in a time when margins are tight for many families across the country. Tax cuts should go to hardworking Americans, not the wealthiest people in the nation”
    Washington, D.C. – U.S. Senators Reverend Raphael Warnock (D-GA), Tina Smith (D-MN), Jeanne Shaheen (D-NH), Patty Murray (D-WA) and Ron Wyden (D-OR) introduced legislation to help more working families cover the rising cost of childcare by increasing the childcare tax credit.
    The Child and Dependent Care Tax Credit Enhancement Act would permanently expand the Child and Dependent Care Tax Credit (CDCTC). This bill would help ease the burden of high childcare costs on working families by increasing the maximum tax credit to $4,000 per child, allowing families to receive up to $8,000 in tax credits to offset up to $16,000 in expenses. It would also make the credit refundable to ensure low-income working families can benefit. The credit would also be indexed to inflation to retain its value over time.
    The Child and Dependent Care Tax Credit Enhancement Act would:
    Increase the maximum credit amount to $4,000 per child, allowing families to receive up to $8,000 in tax credits to offset up to $16,000 in expenses;
    Automatically adjust it to keep pace with inflation;
    Save money by phasing out the credit for families making more than $400,000; and
    Ensure low-income families can benefit from the tax credit by making it refundable.
    “American families have to deal with hefty expenses when raising a child or caring for a loved one. That’s why the Child and Dependent Care Tax Credit Enhancement Act is so crucial, especially right now,” said Senator Reverend Warnock. “It will help parents and caregivers afford caretaking costs in a time when margins are tight for many families across the country. Tax cuts should go to hardworking Americans, not the wealthiest people in the nation.”
    “I constantly hear from families in Minnesota who are struggling with the high cost of childcare. For some, it rivals mortgages and is even higher than tuition at the University of Minnesota. Families need real relief and this bill will lower costs and put more money back into the pockets of parents,”said Senator Smith. “When childcare works, everything else does, too—families thrive, the economy grows, and our communities get stronger. That’s why I’m committed to fighting to lower costs and improve access to childcare.”
    “No matter where I go in New Hampshire, families tell me about how much they struggle to access affordable child care,” said Senator Shaheen. “The Child and Dependent Care Tax Credit is a proven and effective tool for bringing quality, affordable child care within reach for more families. Expanding this credit to keep up with the rising cost of child care is the right thing to do for workers, families and our nation’s economy.”
    “Instead of addressing the growing child care crisis, Trump is indiscriminately firing the very workers who help child care and Head Start centers keep their doors open—making child care more expensive and harder to get for working parents,” said Senator Murray. “While Trump raises families costs by nearly $4000 a year and pushes child care even farther out of reach, my Democratic colleagues and I are continuing to fight to lower families’ costs in every possible way, and I am proud to reintroduce the Child and Dependent Care Tax Credit Enhancement Act as one additional way to help get families some additional relief to afford the child care they need.”
    “The cost of raising a family in this country is already way too high, and it’s getting even more expensive as Trump’s global tariffs jack up the cost of food, cars and products families use every day,” said Senator Wyden. “This proposal is a commonsense, pro-family policy aimed at helping parents and people caring for loved ones, and it’s striking that this kind of bill is nowhere to be found in the Republican tax agenda that costs a staggering $7 trillion. Trump and Republicans are locked in on giving trillions in new handouts to corporations and the wealthy and sticking everybody else with the bill, but pro-family proposals like this one prove that there’s a better way forward.”
    As a Head Start alum, Senator Warnock has long supported child care and early education programs. In September of 2023, Senator Warnock introduced his bipartisan HEADWAY Act (Head Start Education and Development Workforce Advancement and Yield Act). The legislation would address early child care workforce shortages by allowing Early Head Start classroom teachers to teach and earn their Child Development Associate (CDA) credential simultaneously. Additionally, last week Senator Warnock introduced the American Family Act legislation to provide the most generous expansion of the Child Tax Credit (CTC) to date. Senator Warnock successfully pushed to include an expansion of the CTC in the American Rescue Plan, which helped cut child poverty across the country in half until Congress let the tax cut expire. In 2022, Senator Warnock called on Congress to extend the tax cuts for working families and urged the Biden Administration to secure an extension of the expanded CTC as a centerpiece of any subsequent negotiations on economic legislative priorities. 
    In addition to Senators Warnock, Smith, Shaheen, Murray, and Wyden, the Child and Dependent Care Tax Credit Enhancement Act is cosponsored by Senators John Fetterman (D-PA), Brian Schatz (D-HI), Tammy Duckworth (D-IL), Mazie Hirono (D-HI), Chris Van Hollen (D-MD), Dick Durbin (D-IL), Amy Klobuchar (D-MN), Martin Heinrich (D-NM), Maria Cantwell (D-WA), Angus King (I-ME), Jeff Merkley (D-OR), Richard Blumenthal (D-CT), Cory Booker (D-NJ), Elissa Slotkin (D-MI), Jack Reed (D-RI), Michael Bennet (D-CO), Chris Murphy (D-CT), Peter Welch (D-VT), Ruben Gallego (D-AZ), Chuck Schumer (D-NY), Adam Schiff (D-CA), Tammy Baldwin (D-WI), Kirsten Gillibrand (D-NY), Sheldon Whitehouse (D-RI).
    The bill is also endorsed by the National Women’s Law Center Action Fund, Child Care Aware of America, Save the Children, First Focus Campaign for Children, First Five Years Fund, Center for Law and Social Policy (CLASP), Moms Rising, National Association for the Education of Young Children (NAEYC), Zero to Three, Society for Human Resource Management (SHRM) and the Early Care and Education Consortium (ECEC).
    One pager of the bill is availableHERE.

    MIL OSI USA News

  • MIL-OSI: Exor Press Release – Announcement of the Reference VWAP for the Tender Offer

    Source: GlobeNewswire (MIL-OSI)

    THIS PRESS RELEASE IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW.

    Amsterdam, 17 April 2025

    EXOR N.V.: ANNOUNCEMENT OF THE REFERENCE VWAP
    FOR THE TENDER OFFER

    On 17 April 2025, the reported closing price of the Ordinary Shares on Euronext Amsterdam was EUR 78.30 per Ordinary Share.

    The volume weighted average market price at which Exor’s Ordinary Shares traded on Euronext Amsterdam (the “Volume-Weighted Average Price” or “VWAP”) during the period from 09:00 CET on 27 March 2025 to 17:40 CET (inclusive) on 17 April 2025 was EUR 80.0027 per Ordinary Share (the “Reference VWAP”). The price corresponding to a three (3) per cent discount over the Reference VWAP (the “Minimum Price”) is EUR 77.6026 per Ordinary Share and the price corresponding to a ten (10) per cent premium over the Reference VWAP (the “Maximum Price”) is EUR 88.0029 per Ordinary Share.

    The table below sets out the EUR price per Ordinary Share associated with each of the VWAP-based prices within the Price Range.

    The Strike Price will be set after the closing of the Tender Offer Period on 23 April 2025 and shall not exceed the Maximum Price or be lower than the Minimum Price and is subject to the Price Cap defined in the Offer Memorandum.

    VWAP-based price within the Price Range Price in euro per Ordinary Share to which the VWAP-based prices in the Price Range correspond
    Reference VWAP – 3% (the Minimum Price) EUR 77.6026
    Reference VWAP – 2% EUR 78.4026
    Reference VWAP – 1% EUR 79.2026
    Reference VWAP EUR 80.0027
    Reference VWAP + 1% EUR 80.8027
    Reference VWAP + 2% EUR 81.6027
    Reference VWAP + 3% EUR 82.4027
    Reference VWAP + 4% EUR 83.2028
    Reference VWAP + 5% EUR 84.0028
    Reference VWAP + 6% EUR 84.8028
    Reference VWAP + 7% EUR 85.6028
    Reference VWAP + 8% EUR 86.4029
    Reference VWAP + 9% EUR 87.2029
    Reference VWAP + 10% (the Maximum Price) EUR 88.0029

    As set out in the Offer Memorandum, the Price Cap, is the lower of (i) EUR 98.73, or (ii) 110 per cent of the highest closing price recorded for the Ordinary Shares on Euronext Amsterdam during the Determination Period, which is equal to EUR 99.94 (the “Price Cap”). The VWAP-based prices within the Price Range are not affected by the Price Cap, and as a result, no validly tendered shares will be disregarded.

    Further information

    The Offer Memorandum, containing the full terms and conditions of the Tender Offer and instructions to Qualifying Shareholders on how to tender their Ordinary Shares should they wish to do so, has been made available on a dedicated part of the Company’s website (see below). Terms used but not defined in this announcement have the meaning assigned to them in the Offer Memorandum.

    Public announcements in connection with the Tender Offer will be made by press release and will be available on the dedicated tender offer website of the Company at https://www.exor.com/pages/investors-media/shareholders-corner/share-buyback

    Qualifying Shareholders should consult their financial, tax and legal advisors before deciding whether to tender their Ordinary Shares or not.

    For further information regarding Tender Offer procedures, please contact your financial intermediary, custodian, bank or stock broker.

    Investor Relations
    ir@exor.com or +31 (0)20 240 2 222

    Attachment

    The MIL Network

  • MIL-OSI: CalPrivate Bank Announces Expansion Into Santa Barbara County, Ca.

    Source: GlobeNewswire (MIL-OSI)

    LA JOLLA, Calif., April 17, 2025 (GLOBE NEWSWIRE) — Private Bancorp of America, Inc. (OTCQX:PBAM) (“Company”) and CalPrivate Bank (“Bank”) announced today the addition of a Montecito Office led by veteran banker, George Leis who will serve as Executive Vice President & Market President.

    George Leis has been a long-standing admired member of the Santa Barbara community. George’s banking career spans more than 20 years in Santa Barbara County, including as President and CEO of both Santa Barbara Bank and Trust and Montecito Bank and Trust.

    The extensive, trusting client relationships George has built over his career speak volumes to his dedication to provide extraordinary service and solutions to his clients, while his commitment to the local community is evident in his serving on numerous non-profit boards, including Channel Islands YMCA, California State University, Northridge, National Disaster Search Dog Foundation, Santa Barbara Historic Museum, Santa Barbara Humane Society, and as Chair of the National Board of the YMCA of the USA.

    Joining Mr. Leis in the new Upper Village Montecito office is a team of highly experienced, dynamic local private bankers. Dan Glaeser and Sarah McLelland will lead the Relationship Management team, while Emily Strawn will oversee operations for the new office.

    Rick Sowers, President and Chief Executive Officer of the Company and Bank stated, “We are thrilled to have such seasoned and respected individuals join the CalPrivate Team. Having known George for years and having served alongside him on the Board of Directors for the California Bankers Association, I know George to be a person of great character, with strong leadership qualities and an unwavering commitment to the greater Santa Barbara community. His approach to relationship banking is exactly what we provide at Cal Private Bank, and we couldn’t be more pleased to partner with him and this great group of bankers.”

    “I am honored to be joining the CalPrivate Team, who bring creative, high touch, timely, customized solutions to their clients,” said Mr. Leis. “The core values of Relationships, Solutions and Trust align directly with the needs of our Santa Barbara Community and I’m eager to bring these unique services to our Clients to meet their personal needs and help them grow their organizations.”

    Paul Azzi, Chief Banking Officer of CalPrivate Bank added, “The passion George and his team have for building strong, long-standing Client relationships and supporting their community is a perfect match for our Client-centric, Solution-driven approach. Together, we’re ecstatic to make a real difference and deliver exceptional client results in the greater Santa Barbara community.”

    About Private Bancorp of America, Inc.
    Private Bancorp of America, Inc. (OTCQX: PBAM) PBAM is the holding company for CalPrivate Bank, which operates offices in Coronado, San Diego, La Jolla, Newport Beach, El Segundo, Beverly Hills, and soon Montecito, as well as through efficient digital banking services. CalPrivate Bank is driven by its core values of building client Relationships based on superior client Solutions, unparalleled Service, and mutual Trust. The Bank caters to high-net-worth individuals, professionals, closely held businesses, and real estate entrepreneurs, delivering a Distinctly Different™ personalized banking experience while leveraging cutting-edge technology to enhance our clients’ evolving needs. CalPrivate Bank is in the top tier of customer service survey ratings in the nation, scoring almost three times higher than the median domestic bank. The Bank offers comprehensive deposit and treasury services, rapid and creative loan options including various portfolio and government-guaranteed lending programs, cross border banking, and innovative, unique technologies that drive enhanced client performance. CalPrivate Bank has been recognized by Bank Director’s RankingBanking® as the 10th best bank in the country and the #1 bank in its asset class for both return on assets (ROA) and return on equity (ROE). CalPrivate Bank was also ranked in the top 5% of banks in the U.S. with assets between $2B and $10B by American Banker. Additionally, CalPrivate Bank is a Bauer Financial 5-star rated bank, an SBA Preferred Lender, and has been honored as Community Bank SBA 504 Lender of the Year by the NADCO Community Impact Awards, exemplifying excellence in the banking industry. These prestigious rankings highlight the Bank’s commitment to delivering exceptional banking services and setting new industry standards.

    Learn more at www.calprivate.bank.

    Investor Relations Contact
    Rick Sowers
    President and CEO
    Private Bancorp of America, Inc.
    (424) 303-4894

    Safe Harbor Paragraph
    This press release contains expressions of expectations, both implied and explicit, that are “forward-looking statements” within the meaning of such term in the Private Securities Litigation Reform Act of 1995. We caution you that a number of important factors could cause actual results to differ materially from those in the forward-looking statements, especially given the current turmoil in the banking and financial markets. These factors include the effects of depositors withdrawing funds unexpectedly, counterparties being unable to provide liquidity sources that we believe should be available, loan losses, economic conditions and competition in the geographic and business areas in which Private Bancorp of America, Inc. operates, including competition in lending and deposit acquisition, the unpredictability of fee income from participation in SBA loan programs, the effects of bank failures, liquidations and mergers in our markets and nationally, our ability to successfully integrate and develop business through the addition of new personnel, whether our efforts to expand loan, product and service offerings will prove profitable, system failures and data security, whether we can effectively secure and implement new technology solutions, inflation, fluctuations in interest rates, legislation and governmental regulation. You should not place undue reliance on forward-looking statements, and we undertake no obligation to update those statements whether as a result of changes in underlying factors, new information, future events or otherwise. These factors could cause actual results to differ materially from what we anticipate or project. You should not place undue reliance on any such forward-looking statement, which speaks only as of the date on which it was made. Although we, in good faith, believe the assumptions and bases supporting our forward-looking statements to be reasonable there can be no assurance that those assumptions and bases will prove accurate.

    The MIL Network

  • MIL-OSI: Gate.io’s 12-Year Milestone: Ecosystem Reconstruction and Future Blueprint Behind GT’s Value Surge

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, April 17, 2025 (GLOBE NEWSWIRE) — In the fast-evolving world of digital assets, 12 years marks a period of deep engagement that spans nearly the entire lifecycle of the industry. From early exploration to becoming a witness to the industry’s development, every step Gate.io has taken has been closely tied to market cycles, technological evolution, and shifting user demands. This has not been a linear journey but a long-term game of trust, technology, and forward-looking judgment.

    Looking back, Gate.io has evolved from a product-oriented platform focused solely on cryptocurrency trading into a global ecosystem covering asset trading, asset management, public chains, industry research, and Web3 infrastructure. This transformation represents not a mere quantitative accumulation but a qualitative leap. Every product upgrade and strategic pivot has been a deep reflection and practical exploration of ecosystem efficiency and user core value.

    Now, in its 12th year, Gate.io has chosen GT as the key anchor connecting the past and the future. GT is not just the value carrier of the ecosystem’s operations but also shoulders multiple missions including brand revitalization, mechanism restructuring, and community engagement. At this pivotal point, GT is taking on a central role in reshaping ecosystem value with clearer positioning and more open architecture, activating the next phase of growth.

    Anniversary Celebration and Brand Evolution: Crossing from Trading to Ecosystem

    Gate.io’s 12th anniversary celebration is not only a tribute to its past achievements but also a key milestone for its brand strategy upgrade. From a cryptocurrency trading platform to a global ecosystem giant, Gate.io‘s transformation is reflected in every detail. The upgrade of the brand name and the revamp of the visual identity signify not just superficial changes but a redefinition of the brand’s core. The new brand image conveys a message of greater professionalism and credibility, aligning with the global and futuristic positioning of Web3 and providing strong trust support for GT’s value.

    GT, as the core token of the Gate.io ecosystem, has long surpassed the role of a mere trading medium. It runs through the entire ecosystem, connecting user rights, ecosystem applications, and market growth, becoming a true super token. On the occasion of the 12th anniversary, GT’s value logic is undergoing profound changes. The platform’s sustained growth, the breakthrough in user numbers, and continuous ecosystem expansion have all laid a solid foundation for GT’s value appreciation. And this is just the beginning.

    Platform Growth and Resonating Demand for GT

    In the first quarter of 2025, Gate.io’s user base surpassed 22 million. This surge in users not only signifies increased platform activity but also drives growth in both spot and derivatives trading volumes. These increases, through the buyback and burn mechanism, further feed back into GT’s value.

    The deflationary model is a crucial pillar supporting GT’s value growth. To date, over 170 million GT have been cumulatively burned, with a destruction value of approximately $408 million. The continuous reduction in circulating supply is enhancing GT’s scarcity. This scarcity, combined with the ongoing growth in user numbers and trading volume, provides a solid foundation for further value appreciation. GT’s value is reflected not only in trading but also in its unique properties as an ecosystem token. As the platform continues to expand, the demand for GT will only keep increasing.

    GT Holder Rights Upgrade and Value Closed-Loop

    GT’s holding mechanism is continuously being optimized, progressively building a “holding equals earning” closed-loop system of value. Based on holding GT, users can enjoy multiple benefits, including trading fee discounts, Launchpool participation rights, and HODLer rewards. Paired with the VIP tier system, GT holders can unlock more personalized services and higher-tier earning structures.

    CMC data shows that the number of GT holders has continued to rise since the beginning of the first quarter, and GT’s market cap ranking has climbed to 40th globally. These trends indicate that user trust in GT is strengthening, and holding behavior is shifting from short-term speculation to long-term allocation. Changes in the holding structure help stabilize the price and lay a solid foundation for the sustainable development of the platform’s ecosystem.

    The enhancement of the rights mechanism is not just about incentivizing active users; it also showcases GT’s capability to unlock ecosystem value. By deeply binding token holding with ecosystem revenue, Gate.io is gradually releasing GT’s intrinsic value potential, promoting its application and recognition across wider scenarios.

    Breaking Out of the Ecosystem: Global Resource Integration Empowering GT

    Gate.io’s brand evolution is not merely a visual refresh but marks strategic repositioning. Through the unified presentation of the new name and visual system, the platform conveys a stronger sense of professionalism and trust, aligning with Web3’s globalized, technological, and future-forward aesthetic standards. This change not only enhances brand recognition but also injects a stable cognitive foundation into GT’s market value.

    Focusing on “ecosystem expansion” as the core direction, Gate.io is actively expanding partnerships with world-class IPs. Deep collaborations with FC Internazionale Milano and Oracle Red Bull Racing in F1 not only increase brand visibility in the international market but also introduce GT into broader consumer scenarios. Through such cross-sector partnerships, the platform successfully bridges the crypto world with mainstream sports culture, establishing a connection between token value and user emotions.

    At the same time, the application boundaries of GT are being redefined. It is evolving from a trading medium into a cross-scenario connector, sparking new possibilities across industries like sports, entertainment, and consumer goods. This cross-industry integration allows GT to move beyond internal digital asset circulation and gradually assume the critical role of linking the real world with the Web3 ecosystem. In the future, with continued global resource integration, GT’s ecosystem value is poised to leap to a higher level.

    GT’s Growth Potential: Core Logic and Market Expectations

    Historical data shows that GT often outperforms BTC during bull markets, demonstrating strong resilience and valuation recovery capabilities. As a platform token, its price fluctuations are highly correlated with industry cycles, giving it significant room for revaluation when the market recovers. The overall industry rebound provides external momentum, while Gate.io’s ongoing ecosystem expansion builds internal support, creating a dual foundation for GT’s growth.

    Currently, Gate.io’s ecosystem is forming a positive feedback loop. Growth in user numbers helps drive platform revenue, increased revenue enhances GT’s buyback and burn efforts, deflationary effects further boost market prices, and rising prices, in turn, attract new users. This “flywheel effect” strengthens the value closed-loop between the platform and the token, creating a long-term upward drive system for GT.

    The token burn mechanism is a core element of GT’s deflationary model. As scarcity gradually accumulates, GT’s pricing power in the market is steadily enhanced. The expansion of Gate.io’s ecosystem not only brings more application scenarios but also provides stronger intrinsic value support for GT. From supply-demand dynamics to deflationary logic and evolving user behavior, multiple factors are now shaping the core growth logic behind GT’s potential.

    12th Anniversary: A Short-Term Catalyst for GT Value Release

    To celebrate its 12th anniversary, Gate.io has launched multiple user incentive programs, including airdrops, the WCTC S7 trading competition, and high-yield staking opportunities, aimed at boosting GT’s market activity in the short term. These initiatives are expected to drive greater user participation, increase GT’s usage frequency, and enhance its market visibility. Furthermore, through these activities, new users may gradually be converted into long-term holders, further strengthening the ecosystem’s stickiness.

    The anniversary incentives are designed to work synergistically. Airdrops increase GT’s market exposure and attract new users to the platform. Trading competitions, through ranking and rewards, drive higher trading activity. Staking incentives encourage users to hold GT longer, extending the participation cycle. These measures not only unlock short-term value but also lay a solid foundation for long-term ecological growth.

    Importantly, the focus of this anniversary celebration is not merely short-term market stimulation. Instead, it aims to drive full-cycle user conversion from awareness to engagement, through a key milestone event. As users become more integrated into the ecosystem through participation, GT’s value support base will be further solidified. Compared to short-lived price fluctuations, long-term value accumulation carries greater strategic significance, and this anniversary serves as a critical trigger point for that transformation.

    GT: A Value Carrier in the Web3 Era

    After 12 years of development, Gate.io has expanded its ecosystem and integrated global resources, pushing the boundaries of its platform token. GT has evolved beyond a simple trading tool, emerging as a “passport of rights” within the Web3 ecosystem. This transformation is not a mere extension of its functionality but a deep evolution driven by strategic upgrades, compliance initiatives, and technological innovation. GT is now entering a new phase of value revaluation.

    GT’s core value is no longer limited to scarcity or platform-driven price support. As an ecological token, GT plays a pivotal role in resource allocation, rights distribution, and user engagement. Gate.io’s continuous efforts in product diversification, cross-industry collaboration, and global expansion are steadily broadening GT’s practical applications and strengthening its intrinsic value.

    The 12th anniversary marks the completion of one development cycle and the starting point for the next growth phase. GT’s future extends beyond the platform itself; it is being embedded into the broader trajectory of the Web3 era. Against the backdrop of accelerating ecosystem integration, GT is poised to become a critical hub connecting on-chain and off-chain applications, establishing itself as a core asset in the emerging digital economy.

    Media Contact:
    Elaine Wang at elaine.w@gate.io

    Disclaimer
    The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please be noted that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/user-agreement.

    Disclaimer: This press release is provided by Gate.io. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bbb5396c-2597-4484-9ba6-f60bf8496c21

    The MIL Network

  • MIL-OSI: XRP News: XploraDEX $XPL Presale Heats Up as Final 4 Days Trigger Surge in Whale Participation

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, April 17, 2025 (GLOBE NEWSWIRE) — The first AI-Powered DEX on XRP Ledger, XploraDEX is igniting a firestorm across the XRPL ecosystem as its $XPL Presale enters its final four days. With a rapidly shrinking token allocation and buzz intensifying across social platforms, what began as a high-potential opportunity has become one of the most urgent plays in DeFi right now.

    The first AI-powered decentralized exchange built natively on the XRP Ledger, XploraDEX is designed to give traders an unfair advantage through smart automation, predictive analytics, and real-time trade optimization. It’s not just solving the problem of inefficient trading—it’s flipping it on its head.

    Buy $XPL Tokens Now

    $XPL is the fuel behind it all. Token holders unlock access to intelligent trading dashboards, lower fees, yield incentives, and decision-making power through governance. The upcoming launchpad and staking modules are further enhancing the token’s role within the broader XploraDEX ecosystem.

    Final Round of $XPL PreSale

    In the last 48 hours, whale activity has spiked. On-chain data shows major wallets consolidating $XPL positions while retail participation surges—triggered by growing awareness that time is almost up. With more than 80% of the $XPL presale allocation already filled, new buyers are scrambling to join before listings go live and the price adjusts upward.

    XploraDEX is shaping up to be the most transformative platform XRPL has seen in years. Its AI engine will help users detect momentum shifts, automate entries and exits, and adapt to market conditions faster than human traders ever could.

    Participate in $XPL PreSale

    The $XPL PreSale isn’t just about buying a token—it’s about being first to a movement. A protocol backed by real utility, smart infrastructure, and the speed of the XRP Ledger.

    If you’re watching from the sidelines, the signal is clear: the market is moving. And the gate is closing.

    Join the $XPL Presale While You Still Can: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

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

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4137b900-57cb-4acc-9636-0a207ffbe0af

    The MIL Network

  • MIL-OSI Global: Price discrimination is getting smarter — and low-income consumers are paying the price

    Source: The Conversation – Canada – By Raymond A. Patterson, Professor, Area Chair, Business Technology Management, Haskayne School of Business, University of Calgary

    For customers who don’t have the freedom to choose where they shop, technological advancements — particularly artificial intelligence (AI) and intrusive personal data collection — are making price discrimination, inflation and lower-quality goods increasingly likely. Vulnerable consumers are most at risk.

    Flexibility-based price discrimination allows companies to charge different people different prices for the same produce or service, based on how easily they can walk away.

    When consumers can easily find better deals elsewhere, they hold the power. However, AI tools are allowing sellers to become increasingly adept at uncovering how much flexiblity their consumers have. This practice raises serious ethical concerns.

    Dynamic pricing allows companies to take advantage of customers who can’t easily go elsewhere.

    Dollar stores, for example, often serve low-income communities in smaller markets. When these retailers realize their customers have limited alternatives, they are less inclined to keep prices low. Product quality can decline as well.

    Economic impacts of price discrimination

    In our recent study, we examined how flexibility-based price discrimination affects a seller’s profitability in a competitive market, and demonstrated how consumer welfare is affected. Using economic modelling, we studied how price discrimination can impact consumers from different socioeconomic backgrounds.

    We found that companies don’t just raise prices when customers aren’t able to easily switch to a competitor — for low-income consumers they also reduce product quality as well. This double blow hits low-income consumers hard. As technology improves, the gap between high- and low-income consumers grows wider.

    Our findings show that companies that take advantage of consumer inflexibility are likely to prosper, often at the expense of those with the least power to choose.

    The same thing happens with provincial trade barriers and tariffs. Product quality, price and income are known to be intertwined, with higher income countries receiving higher quality goods. When consumers’ ability to find the best possible deal is limited, companies will exploit that lack of choice, as is implied by our study.

    When retailers realize their customers have limited alternatives, they are less inclined to keep prices low.
    (Shutterstock)

    Inflexible consumers with lower incomes suffer more from price discrimination than high-income consumers in the same situation. Any barriers that reduces consumer flexibility disproportionately harms low-income consumers, who are more likely to face lower-quality products as a result.

    In markets where these consumers are targeted, low-quality products are often the norm. As an example, tests revealed the presence of lead, phthalates, toxic flame-retardant chemicals and polyvinyl chloride components in colourfully labelled children’s products at American and Canadian dollar stores.

    In contrast, high-income consumers may see their product quality improve. This is because high-income consumers are willing and able to pay for the improved quality and technology-enabled price discrimination can enable the seller to satisfy their needs better.

    Technology and consumer resilience

    Our study provides valuable insights for both lawmakers and policymakers. It demonstrates that new policies are necessary to protect vulnerable consumers with limited flexibility from price discrimination.

    But this is only part of the story. When these same techniques are used to target wealthier consumers, it can result in positive social outcomes for them. The differing outcomes for high versus low income inflexible consumers will exacerbate wealth inequity.

    For firms investing in new technologies like AI, flexibility-based price discrimination can inadvertently benefit competitors by partitioning the market — even if the competitor doesn’t use the technology.

    For companies, many things can cause or reveal consumer inflexibility, technology being a primary example. Technology advances rapidly. Catering to either high- or low-income customers causes businesses to make different strategic choices depending on how flexible their customer base is when it comes to new technological developments.

    For customers, maintaining flexibility is critical. Flexibility can take many forms: having access to transportation to access a wider range of stores, avoiding consumer debt or having enough savings. It can also mean having a smartphone with unlimited data to make online price comparisons.

    However, not all consumers can maintain this kind of flexibility. Working parents, for example, might not have the time or financial bandwidth to comparison shop for groceries across multiple stores. It can increase their vulnerability to higher prices and lower-quality goods.

    Policy implications and the path forward

    Whether flexibility-based price discrimination should be supported or restricted depends on who it targets. Flexibility-based price discrimination may require regulatory intervention or price subsidies to ensure ethical implementation. While ensuring the quality of low-end products is increasingly important, addressing the limitations on consumer flexibility caused by socioeconomic status is key.

    The U.S. has recently removed internet subsidies for rural customers, and its impacts have been dire. Without internet access, consumers lose digital flexibility.

    In Canada, Indigenous and rural communities similarly lack access to high-speed broadband and also must travel long distances to reach major shopping centres. Our results show that, as flexibility declines, so does consumer welfare for rural low-income populations.

    If there is a positive side to all of this, it’s that companies can adapt quickly to these shifts. Businesses like dollar stores are likely to benefit in the short term, although product quality will likely decline for people who can least afford it. This isn’t just an ethical choice made by these companies, but an economic inevitability in a system where people have unequal access to rapidly evolving technology.

    As trade tensions grow, mitigating consumer inflexibility should be a key policy focus for Canada. Support should start with low-income households by increasing their ability to choose how and where they shop.

    In the long term, price discrimination will continue to prey on the socioeconomic, geographic and literacy-based barriers that underlie the digital divide. The goal should be policy reform to empower flexibility for those most affected.

    Raymond A. Patterson currently receives funding from the Haskayne School of Business and the National Cybersecurity Consortium (NCC). Previous funding has been obtained from a variety of private and public sources.

    Emily Laidlaw receives funding from the Social Sciences and Humanities Research Council and the National Cybersecurity Consortium.

    Jian Zhang receives funding from the Social Sciences and Humanities Research Council of Canada.

    ref. Price discrimination is getting smarter — and low-income consumers are paying the price – https://theconversation.com/price-discrimination-is-getting-smarter-and-low-income-consumers-are-paying-the-price-252723

    MIL OSI – Global Reports

  • MIL-OSI Global: Tariffs don’t just affect the global economy, but create political instability as well

    Source: The Conversation – Canada – By James Horncastle, Assistant Professor and Edward and Emily McWhinney Professor in International Relations, Simon Fraser University

    United States President Donald Trump’s tariff policies have created economic chaos in their aftermath. The stock markets are off to their worst start to a presidential term in modern history.

    The economic implications of Trump’s actions are well-documented. Furthermore, despite Trump’s temporary halt to the tariffs, their impact will resonate well into the future.

    But it’s important to understand that the economy is not detached from broader society. Trump’s disruption of the global economy could also lead to an increase in global conflict.

    Economic prosperity and war

    Economic prosperity does not automatically equate with political stability. Europe prior to the First World War was both prosperous and integrated. Nevertheless, while scholars and activists at the time argued these favourable conditions made war impractical, one of the worst conflicts in human history came to pass.

    Domestic economic prosperity can bind societies together. But tensions that otherwise might not be brought into focus, such as regionalism, emerge in times of economic hardship and transition. Reform Party founder Preston Manning’s recent stoking of separatist sentiments in Canada’s West is a case in point.

    Trump’s tariffs, if fully implemented, will result in economic recession for dozens of countries throughout the world. They will first impact the world’s most vulnerable countries, many of which have institutions that are either unstable or lack the fiscal backing needed to weather the storm.

    An example of such a development in recent history was the emergence of the Arab Spring in 2011. The 2008 financial crisis and ongoing agricultural failure created political strain for authoritarian states in the Middle East. They could not absorb the increased cost of grain to stabilize their societies.

    Governments, cognizant of this fact, will look for any means of retaining their power. Redirecting local disappointment abroad can be one such measure, much as Saudi Arabia did by blaming Iran during the Arab Spring.

    Look outwards, point fingers

    Governments have, historically, used foreign affairs as a means of distracting their populations from domestic problems. This feature occurs regardless of a state’s ideology. The banality of its occurrence in international relations is such that Hollywood made a satirical film, Wag the Dog, on the subject.

    Authoritarian states, however, are more susceptible to this phenomenon. Their governments’ lack of popular legitimacy means that an economic downturn weakens one of the levers they use to buy acquiescence from its citizens.

    Furthermore, economic uncertainty undermines authoritarian governments’ patronage networks. Not only do such governments lose the support of a majority of citizens to the economic uncertainty, but they also lose the important minority groups they use to maintain their rule.

    As such, authoritarian governments in the face of economic uncertainty will look outwards to build their legitimacy. But these governments need an ideology that will motivate their societies. For contemporary governments, one of the most effective mechanisms is nationalism.




    Read more:
    Argentina’s Javier Milei is playing the democratic game, but using authoritarian tactics


    The power of nationalism

    Nationalism’s utility for authoritarian states is twofold. First, nationalism emphasizes the collective over the individual. States, by stressing the importance of the nation, can encourage individuals to overlook the personal struggles they face in times of economic uncertainty.

    Second, nationalism by its nature creates an “in group” and an “out group.” Governments can use the out group as a rallying cry for its local population. While there are several instances where such developments are possible, China’s increasingly antagonistic stance towards Taiwan is an example.

    Governments, by rallying nationalist sentiment, will either indirectly or actively stoke the potential for conflict.

    Extending conflict

    Economic downturns, furthermore, force governments to make difficult decisions on what programs to cut. Some of the first programs governments chop in uncertain times are those focused on international aid. This phenomenon was already occurring, but tariffs will exasperate it.

    These cuts pose a problem for several reasons. Right-wing politicians have alleged in recent months that international aid is ineffective. But that’s not accurate — international aid benefits the countries that provide it; it’s not just a moral imperative. Specifically, it facilitates trade as well as accruing political advantages to the giving state.

    The more immediate concern, however, is that many states were dependent upon foreign aid for political stability. The loss of international aid will increase internal instability in vulnerable countries. Just look to the current instability in South Sudan as declining aid weakens South Sudanese social and government institutions.

    Not only is this development bad for the societies in question, but it will invariably increase the number of refugees seeking aid and safety beyond their borders.

    Individual choice

    It’s not just state responses to the tariffs that will create instability. The unilateral application of tariffs, and resulting economic and political fallout, will significantly increase the number of people seeking a better life.

    Economic migration is not a new phenomenon. While conflict-centred migration remains the focus of international law, economic migration continues to occur unabated.

    The lost economic opportunities in various states affected by tariffs will cause their populations to seek economic prosperity, at first internally and then abroad. This is not to suggest that migration itself creates instability. Instead, large-scale and unplanned migration will create strain both in countries that people leave and in the nations receiving them.

    Economic affairs rarely stay within the realm of business. Instead, Trump’s tariffs will create greater instability in international affairs for the foreseeable future.

    James Horncastle 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. Tariffs don’t just affect the global economy, but create political instability as well – https://theconversation.com/tariffs-dont-just-affect-the-global-economy-but-create-political-instability-as-well-254045

    MIL OSI – Global Reports

  • MIL-OSI Africa: Libya Energy & Economic Summit Returns to Tripoli for 2026 Edition

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

    TRIPOLI, Libya, April 17, 2025/APO Group/ —

    Now in its fourth year, the Libya Energy & Economic Summit has established itself as the premier international platform for driving investment, technical innovation and private sector engagement in Libya’s energy sector. Building on three years of unprecedented growth, the 2026 edition will take place in Tripoli on January 24-26 – marking the first time the event will span three full days in response to growing international interest.  

    As Libya aims to increase oil production to two million barrels per day within the next two to three years, LEES 2026 will provide crucial insights into the country’s ambitious energy agenda, with a central focus on the role of private sector actors, both Libyan and international, in driving this growth. Natural gas development and associated infrastructure are also key priorities for Libya’s energy sector, as the country seeks to boost gas output to meet domestic energy needs and ensure reliable fuel supplies for critical downstream industries.  

    Importantly, LEES 2026 will be the first major industry gathering to take place after the close of Libya’s licensing round at the end of 2025, making it the definitive forum for understanding the new exploration landscape and identifying high-value opportunities. Libya recently launched its 2025 licensing round — the first in 17 years — offering 22 onshore and offshore exploration blocks. With 167 active contractual blocks and an exploration success rate of 33%, the country is well-positioned to attract new investors and encourage existing operators to expand their acreage, thereby further advancing drilling and discovery efforts. 

    As Libya continues to scale up its oil and gas production, the 2026 summit will feature an expanded technical agenda, building on the success of the in-depth technical sessions introduced in 2025. The upcoming edition will offer even more programming focused on engineering, exploration, digitalization and field development, in response to strong demand for technical expertise from upstream and midstream professionals.  

    International participation is also set to grow in 2026, with LEES continuing to partner closely with leading industry associations from top investor countries including the U.S., the U.K. and Italy, among other strategic partners. The upcoming edition is expected to feature an expanded number of international pavilions, reflecting heightened global interest in Libya’s energy sector. Recent changes to U.K. travel guidance and other foreign policy shifts are paving the way for broader international involvement — signaling that Libya is opening up and re-engaging with the private sector on a larger scale. 

    Building on previous endorsements from the Ministry of Oil and Gas and the National Oil Corporation (NOC), the summit unites global energy leaders, policymakers and investors to forge strategic partnerships and drive the ongoing revitalization of Libya’s energy sector. LEES 2026 is poised to continue this momentum, serving as a vital catalyst for private sector investment and global partnerships. The upcoming edition will bring together a diverse range of stakeholders — including NOC subsidiaries, international oil companies, financial institutions, energy organizations and leading technology providers — with a shared focus on driving investment and highlighting high-impact opportunities to realize Libya’s energy ambitions. 

    The Libya Energy & Economic Summit unites regional and global industry stakeholders to unlock Libya’s energy potential. Now entering its fourth year, the summit returns to Tripoli on January 24–26, 2026 to serve as a gateway to investment, collaboration and innovation in Africa’s leading oil and gas market. Visit www.LibyaSummit.com for more information. To sponsor or attend as a delegate, contact sales@energycapitalpower.com 

    MIL OSI Africa

  • MIL-OSI USA: Congressman Bean Introduces Bill Removing Barriers to Alternative Marine Fuel Usage

    Source: United States House of Representatives – Representative Aaron Bean Florida (4th District)

    WASHINGTON—Today, Ways and Means Committee member U.S. Congressman Aaron Bean (FL-04) along with Congressman John Rutherford (FL-05), Congressman Vern Buchanan (FL-16), Congressman John Garamendi (CA-08), and Congresswoman Jill Tokuda (HI-02) introduced the Maritime Fuel Tax Parity Act (MFTPA), to correct an outdated tax code provision by exempting alternative fuels, including liquefied natural gas (LNG), for marine vessels from paying Federal Highway Trust Fund excise taxes. 

    Upon introduction, Congressman Bean said: “Expanding the use of alternative fuels like LNG will strengthen Jacksonville’s maritime industry and allow maritime vessels to use LNG as a fuel source without being penalized by an onerous tax and compliance burden. I thank Congressman Rutherford for his leadership on this bill, which will modernize our tax code and bring marine fuels into the 21stcentury.” 

    “We should be encouraging, not penalizing, our maritime industry as they find alternative and innovative ways to power American vessels,” said Congressman Rutherford. “Jacksonville’s maritime industry leaders made Northeast Florida home to the world’s very first liquified natural gas-powered containership. As the Trump Administration unleashes American energy and innovation, I am proud to join a bipartisan coalition to introduce this bill that would afford the U.S. maritime industry the freedom and parity to explore new energy opportunities to fuel American shipping and trade.”

    “Florida’s ports play a vital role in fueling our economy, supporting tens of thousands of good-paying jobs and helping move goods across the globe. I’m proud to support this bill to protect our maritime and aviation industries from unnecessary tax burdens and strengthen trade between U.S. ports. With SeaPort Manatee in my district generating billions in annual economic impact for our region, this commonsense measure will keep Florida’s Gulf Coast competitive,” said Congressman Buchanan. 

    BACKGROUND 

    LNG is the cleanest, most readily available fuel for shipping today. Unfortunately, a discrepancy in the tax code unintentionally disincentivizes our domestic maritime carriers from utilizing LNG and other alternatives as a maritime fuel. 

    The current tax code treats diesel more favorably than alternative fuels, which are disadvantaged by being subjected to excise taxes. Diesel fuel used in maritime vessels is exempt from this excise tax today, but alternative fuels, like LNG, are not. 

    According to the International Energy Agency’s (IEA) January 2025 Quarterly Gas Report, based on the current order book for vessels, the number of LNG-fueled ships is expected to almost double and reach over 1,200 vessels by 2028.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Senator Peters Reintroduces Bipartisan Legislation to Incentivize Community Policing

    US Senate News:

    Source: United States Senator for Michigan Gary Peters

    Bill Aims to Address Law Enforcement Recruitment Challenges and Lack of Trust Between Officers and Communities They Serve

    WASHINGTON, D.C. – U.S. Senator Gary Peters (MI) reintroduced bipartisan legislation that aims to strengthen the relationships between law enforcement and the communities they serve by incentivizing recruits to work in the communities where they live. The Strong Communities Act – which Peters introduced with U.S. Senator John Cornyn (R-TX) – would provide federal grants for local law enforcement recruits who agree to attend school or academy and then serve in a law enforcement agency in their respective communities. The bill passed unanimously in the Senate in 2023. 

    “By incentivizing officers to work in the communities they call home, we can build trust between local law enforcement and the citizens they work to keep safe,” said Senator Peters. “This bipartisan bill would make progress to strengthen our communities while also helping to recruit officers in our most in-demand communities.” 

    Many communities across the country are facing both a law enforcement recruitment and a trust crisis. The Strong Communities Act aims to help facilitate improved relationships between law enforcement and the communities they serve. This legislation would make recruits eligible to receiving funding from the Department of Justice’s Office of Community Oriented Policing Services (COPS) program, which can be used to decrease the financial burden of education and training programs. In return, applicants would be required to serve as a full-time public safety officer for at least four years and complete their service in a local law enforcement agency located within seven miles of their residence, where they have resided for at least five years. Or, if the recruit resides in a county with less than 150,000 residents, the recruit could serve within 20 miles of their residence, where the applicant has resided for at least five years. 

    “The Police Officers Association of Michigan is proud to support Senator Peters’ bipartisan Strong Communities Act that would reinvigorate community policing,” said Kenneth E. Grabowski, Legislative Director of the Police Officers Association of Michigan (POAM). “This commonsense bill would strengthen law enforcement agencies’ efforts to recruit officers locally and help police officers build relationships and trust with the communities and people they work to serve and protect.” 

    “This legislation helps build on the community-policing model and, we hope, will help us address the recruiting crisis in law enforcement. The bill establishes a grant program for local law enforcement agencies to assist in recruiting officers from their own community.  The program created in this bill will allow recipient agencies to pay for recruits to attend a law enforcement training program provided that they serve in an agency in their community for at least four years. This will help local agencies recruit candidates from their own backyard and reduce the financial burden of their education and training to be law enforcement officers. We’re grateful to Senators Peters and Cornyn for their leadership and advocacy of this bill,” said Patrick Yoes, National President of the Fraternal Order of Police.   

    MIL OSI USA News

  • MIL-OSI: Correction: RCI Banque: ‘’2024 Annual Financial Report’’

    Source: GlobeNewswire (MIL-OSI)

    April 16th, 2025

    RCI Banque: (Correction) Notice of availability of the ‘’2024 Annual Financial Report’’ in English version

    A corrected version of the 2024 Annual Report, published on April 9th, 2025, in PDF format in English version, is available on the Mobilize Financial Services website www.mobilize-fs.com.

    Non-material changes have been made:

    Page Text before correction Corrected text
    360 In our opinion, the consolidated financial statements give a true and fair view of the results of operations for the year ended 31 December 2009 In our opinion, the consolidated financial statements give a true and fair view of the results of operations for the year ended 31 December 2024
    478 In our opinion, the financial statements give a true and fair view of the assets and liabilities and of the financial position of the company as at 31 December 2009 In our opinion, the financial statements give a true and fair view of the assets and liabilities and of the financial position of the company as at 31 December 2024
    479 We attest that the Board of Directors’ report on corporate governance sets out the information required by Articles L.225‑37‑4, L.22‑10‑10 and L.22‑10‑9 of the French Commercial Code (code de commerce). We attest that the Board of Directors’ report on corporate governance sets out the information required by Articles L.225‑37‑4 and L.22‑10‑10 of the French Commercial Code (code de commerce).

    These corrections have no impact on the report in French and in ESEF format filed with the AMF, the content of which remains unchanged.

    The corrected report in English is available at the following address : Financial Reports

    April 9th, 2025

    RCI Banque: ‘’2024 Annual Financial Report’’

    The ‘’2024 Annual Financial Report’’ prepared in PDF format is now available on the Mobilize Financial Services website www.mobilize-fs.com

    Attachments

    The MIL Network

  • MIL-OSI: Valuit: Revolutionizing Access to Private Markets in the Digital Economy

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, April 17, 2025 (GLOBE NEWSWIRE) — Private investments have long been dominated by institutional players and high-net-worth individuals, leaving everyday investors sidelined. With blockchain technology opening new avenues for financial inclusion, Valuit is emerging as a pioneering force in on-chain investment banking, breaking down barriers and making private market opportunities more accessible than ever before.

    Transforming Traditional Finance with Blockchain Innovation

    Valuit was conceived out of a real-world challenge—how to invest in private assets like litigation financing and private credit despite capital constraints. The company’s founding team, with expertise spanning cryptocurrency trading, traditional finance, banking infrastructure, and debt markets, recognized the inefficiencies in legacy systems. Their solution? A blockchain-powered financial ecosystem that democratizes access to investment opportunities.

    “Valuit is not just about tokenizing assets; it’s about creating an inclusive investment infrastructure where liquidity, compliance, and security come together seamlessly,” said Kevin Cafeo, Co-Founder & CEO of Valuit.

    Meet the Visionary Founders

    • Kevin Cafeo – Co-Founder & CEO

      Kevin founded Valuit in 2022 with the mission to make private market investments more inclusive. Prior to Valuit, he played a pivotal role in scaling Zeebu, a blockchain-powered payment network that processed billions in on-chain telecom settlements, where he led growth and market expansion strategies.

    • Aren Bagci – Co-Founder & CIO

      A seasoned leader in global market expansion and institutional finance, Aren has a proven track record of driving corporate growth by entering new markets and forging high-impact strategic partnerships. During his tenure at TigerEdge, he led growth-focused investment initiatives across domestic energy markets, including capital deployments into onshore oil and gas projects involving major operators such as Exxon, Pioneer, and Devon.

    • Raj Brahmbhatt – Co-Founder & Chairman

      A trailblazer in blockchain and fintech, Raj is the co-founder and CEO of Zeebu, where he has overseen over $7 billion in on-chain transactions. His expertise in scaling blockchain-powered payment solutions and building products that truly bridge Tradfi to Defi, highlight his deep understanding of financial technology innovation.

    The Rising Market Opportunity

    The tokenization of real-world assets (RWAs) is redefining financial markets. According to a report by Boston Consulting Group, the RWA tokenization market is projected to exceed $16 trillion by 2030, encompassing diverse asset classes such as real estate, private equity, and commodities.

    With institutional adoption gaining traction and regulatory frameworks evolving, the market is poised for exponential growth. However, despite this momentum, accessibility and compliance challenges persist—gaps that Valuit is actively addressing through its comprehensive ecosystem.

    Beyond Tokenization: A Full-Scale Investment Ecosystem

    Unlike platforms that merely tokenize assets, Valuit is building a holistic financial infrastructure, integrating:

    • Compliance & Regulation: Ensuring global regulatory adherence to make tokenized assets legally sound and institutionally viable.
    • Capital Markets Integration: Bridging traditional finance (TradFi) and decentralized finance (DeFi) for efficient capital deployment and secondary market liquidity.
    • Blockchain-Powered Automation: Utilizing smart contracts to streamline transactions, reduce costs, and enhance transparency.

    Valuit’s product suite is designed to cater to a broad range of stakeholders:

    • Tokenization Platform: A comprehensive solution for issuing, managing, and trading tokenized assets.
    • DeFi Tools: Advanced decentralized financial instruments that enhance liquidity, enable market-making, and optimize capital efficiency.
    • AI-Driven Compliance: Leveraging AI-powered automation for regulatory oversight, risk management, and investment decision-making.

    Who Stands to Benefit?

    Valuit serves as a gateway to new financial opportunities for diverse stakeholders:

    • Asset Owners: Unlock liquidity through seamless tokenization, ensuring transparency of investment products and leveraging innovative capital structures.
    • Institutional Investors: Gain exposure to new asset classes with reduced friction. Reduce bottom-line expenditure by up to 60%, enable cross-border distribution channels to onboard new liquidity providers, and create innovative investment vehicles to automate administrative functions while optimizing portfolios for existing investors.
    • Retail Investors: Access investment opportunities that were previously out of reach, with enhanced options for cross-border diversification and addressing capital constraints.

    With an intuitive and compliant platform, Valuit eliminates the technical complexities often associated with blockchain investments, ensuring a seamless experience for all investors.

    A Vision for the Future

    Valuit is on a mission to reshape the financial landscape, making alternative investments as straightforward as trading public stocks. With a firm foundation in compliance, capital markets, and blockchain innovation, the company is positioned to redefine asset issuance, management, and trading in real-time.

    “As finance moves toward decentralization, Valuit is ensuring this shift is not just a wrapper of traditional products, but a shift from legacy capital markets infrastructure to a transparent, automated, and efficient process that benefits all stakeholders.” added Kevin Cafeo.

    Stay Updated with Valuit

    For more information and the latest updates, follow Valuit on:

    Media Contact:

    Pranav Goyal

    marketing@valuit.com

    Valuit LLC

    https://valuit.com/

    Disclaimer

    Valuit is a technology platform enabling the tokenization of real-world assets (RWAs) and bridging traditional and decentralized finance. While it offers tools for asset tokenization, liquidity, compliance, and smart contracts, Valuit does not provide financial advice, manage investments, or act as a broker.

    All investment activities involve risk, and blockchain-related offerings are subject to evolving regulations. Users should conduct independent research and seek professional advice before investing. Valuit makes no guarantees on financial outcomes and is not liable for losses resulting from reliance on this information.

    Disclaimer: This press release is provided by the Valuit LLC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/62accd69-a45f-424c-b4df-1970b841db8e

    The MIL Network

  • MIL-OSI United Nations: Deputy Secretary-General’s remarks at the Opening of the 4th Partnering for Green Growth and the Global Goals (P4G) Summit [as delivered]

    Source: United Nations secretary general

    Your Excellency To Lam, General Secretary of the Communist Party of Viet Nam,
    Your Excellency Pham Minh Chinh, Prime Minister of the Socialist Republic of Viet Nam,
    Your Excellency Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia,
    Your Excellency Hun Sen, Prime Minister of the Kingdom of Cambodia,
    Excellencies,
    Distinguished guests,

    On behalf of the Secretary-General, António Guterres, I thank the Government of Viet Nam and the co-chairs H.E. Mr. Abiy Ahmed, Prime Minister of Ethiopia, and the Prime Minister of Denmark for organizing this year’s P4G Summit.

    This year marks a crucial inflection point: the tenth anniversary of both the Sustainable Development Goals and the Paris Agreement.

    A decade has passed, and much progress has been made.

    But let’s state what we all know to be true: we are nowhere near where we need to be.

    As I speak, there are 750 million people who do not have access to electricity.

    2 billion people have no clean cooking solutions to cook their dinner tonight.

    Children across the world are breathing air increasingly filled with fossil fuel emissions affecting their health.

    Not only are we not where we need to be, but  intensifying climate shocks and geopolitical turmoil threaten to push back some of the progress and development wins of the past decade.

    These statistics, and the picture I have painted is enough to make some give up. But as the late Archbishop Desmond Tutu said, ‘Hope is being able to see that there is light despite all of the darkness’.

    Excellencies, three things give me hope today.

    First, what I see in this room today – leaders, representatives of governments, businesses, investors, and civil society from around the world. By showing up, you are showing your commitment to building societies that are more sustainable, more resilient, more inclusive, and more prosperous. You are not giving up.

    Second, the relentless human endeavor for genuine collaboration gives me hope. The Just Energy Transition Partnerships and the P4G’s public-private partnership are just two examples.  By working together for a common purpose, we can help emerging and developing economies transform their energy, water, and food systems to become zero-carbon and more resilient, inclusive, and sustainable.

    Third, the economic imperatives of taking climate action have never been stronger and more urgent.

    Last year, climate disasters caused 320 billion dollars worth of damage worldwide.

    The climate crisis is draining our pockets of resources that we desperately need for development.

    Yet experts estimate that every dollar invested in climate adaptation generates a return of up to 10 times.

    Meanwhile, the costs of wind, solar, and battery storage have plummeted so much that they have become the cheapest source of new electricity across most markets.

     Last year, renewables accounted for 92.5% of all new power capacity added globally, and clean power surpassed 40% of global electricity generation for the first time.

    This is not just an opportunity for tomorrow – the clean energy sector is already driving development and boosting jobs, accelerating digitalization and granting energy access to a wider range of people .

    1.5 million jobs and 10 per cent of GDP growth globally were added in 2023 across the sector.

    And crucially, most economies are now breaking the link between GDP growth and rising emissions.

    Viet Nam is setting the pace on clean energy. Its bold shift from coal isn’t just fighting climate change, it’s fuelling a fairer, more equal future for all.

    Excellencies,

    We have a rare opportunity in our hands.
     
    A new economic era is about to begin — and we’re right at the cusp of setting a concrete pathway to green growth.

    One that can ensure energy access, affordability, and security, and one that can create zero-carbon, disaster-resilient, and sustainable societies while protecting people and planet. At the UN, we have translated that vision and what it means for the multilateral system, under the Pact for the Future.

    Yet time is a luxury we do not have.

    The climate crisis is setting the pace and scale. It’s our responsibility to keep up.

    Investment is critical.

    To keep 1.5 degrees in reach and deliver on the SDGs, experts estimate that 2.4 trillion dollars per year will need to flow to emerging and developing economies outside China by 2030.

    That means around 1.6 trillion dollars of that going to the clean energy transition.

    And it means around 250 billion dollars to strengthen adaptation and resilience.

    And so, I urge every government leader here today to use the tools at your disposal.

    Accelerate the readily available, cost-effective solutions.

    And drive change with smart policies and reforms at every level – locally, nationally, and globally.

    The next round of national climate plans — or Nationally Determined Contributions — due well before COP 30 present a unique opportunity in this mission. As does meeting the Baku Road Map to deliver 1.3 trillion in Belém.

    They are the key to syncing energy and development plans, building energy efficient infrastructure that aligns with a country’s climate goals, developing industries of the future in green energy, as Vietnam has demonstrated, and creating clear, consistent policies that draw big investments.

    This means aligning national energy and development strategies, including regulatory framework to attract Foreign Direct Investment (FDI) with sustainable agricultural systems, digitalization, job creation, and clean energy access – fostering policy coherence and predictability to attract investments at scale.

    Viet Nam is demonstrating that attracting investments, even in challenging times, is not only possible but achievable. With FDI reaching impressive new levels of $2-3 billion every month, Vietnam stands as a powerful example for others to follow. 

    To the corporate, financial, and civil society leaders in the room, I urge you to keep up the pressure. Keep innovating and collaborating and shifting obstacles into business opportunities.

    And keep creating new models and partnerships that can mobilize finance at scale to drive commitments on climate and sustainable development into real investments in peoples’ lives.

    Finally, let us commit to deliver on the promise of the SDGs and the Paris Agreement to our people today and for future generations.

    Thank you.                                                    
    ***
     

    MIL OSI United Nations News

  • MIL-OSI Security: Essex County Man Sentenced to 210 Months in Prison for Sex Trafficking Offenses

    Source: Office of United States Attorneys

    TRENTON, N.J. – An Essex County, New Jersey, man was sentenced to 210 months in prison on charges of sex trafficking and prostitution-related offenses, U.S. Attorney Alina Habba announced.

    Amin Sharif, 50, of Newark, was convicted by a jury in July 2024 of one count of attempted transportation of a victim with intent to engage in prostitution, one count of sex trafficking of a minor, one count of use of an interstate facility to promote unlawful activity, one count of transporting a victim with intent to engage in prostitution, and one count of persuading a victim to travel to engage in prostitution, following an eight-day trial before U.S. District Judge Michael A. Shipp in Trenton federal court.

    According to documents filed in this case and the evidence at trial:

    In January 2021, the Federal Bureau of Investigation began investigating Sharif for sex trafficking offenses. Sharif recruited four females, including one minor victim, from states across the country—New York, Pennsylvania, Idaho, and Utah.  Sharif used multiple social media accounts and assumed aliases and false identities to recruit and entice victims.  He made promises of housing stability, payment of bills and living expenses, and promises that the victims could make up to thousands of dollars per day by working for him.  Sharif advertised the minor victim online, offering her for 32 sexual services.

    Sharif was previously convicted of transporting a minor to engage in prostitution in federal court and was sentenced to 10 years in prison.

    In addition to the prison term, Judge Shipp sentenced Sharif to 20 years of supervised release.

    “Amin Sharif is a dangerous sex offender who has repeatedly preyed on vulnerable young women and minors in our society.  The Court’s sentence will prevent Sharif from harming additional victims and will send a strong signal to would-be traffickers that sex trafficking will not be tolerated in the District of New Jersey and will result in serious sentences.”

    U.S. Attorney Alina Habba

    “Disguised with multiple names and social media profiles, and promising help financially, Sharif instead sexually exploited his victims for his own monetary gain. Sharif ignored the physical and psychological trauma he was causing these vulnerable women and minors.  FBI Newark Special Agents, Analysts, and Task Force Officers will stop at nothing to get heinous criminals off the streets, phones, and computers from where they lurk and put them behind bars where they belong,” stated FBI Acting Special Agent in Charge Terence G. Reilly. 

    U.S. Attorney Habba credited special agents of the FBI Newark Field Office, under the direction of Acting Special Agent in Charge Terence G. Reilly, with the investigation leading to this sentencing.  She also thanked the FBI’s Rochester, New York Office and the Dansville Police Department for their assistance.

    The government is represented by Assistant U.S. Attorneys Farhana C. Melo and Chelsea D. Coleman of the Criminal Division in Newark.

                                                                           ###

    Defense counsel: Laurie M. Fierro Esq., Kinnelon, New Jersey; Mary F. Khellah, North Bergen, New Jersey

    MIL Security OSI

  • MIL-OSI Security: Fact Sheet: How DHS is Combating Child Exploitation and Abuse

    Source: US Department of Homeland Security

    Every day, the Department of Homeland Security (DHS) leads the fight against online child sexual exploitation and abuse (CSEA). As part of the Department’s critical mission to combat crimes of exploitation and protect victims, we investigate these abhorrent crimes, spread awareness, collaborate with interagency and international partners, and expand our reach to ensure children are safe and protected.

    “At the Department of Homeland Security, our mission is to protect the American people, and that includes protecting our children. The internet has completely changed how we connect, but it has also opened new doors for predators who want to harm our kids,” said DHS Secretary Kristi Noem. “It’s a topic that should unite all of us, and I appreciate the opportunity to highlight the work of Homeland Security Investigations and all that they do to combat online child exploitation.”

    DHS battles online CSEA using all available tools and resources department-wide, emphasizing its commitment to the Department’s homeland security mission to “Combat Crimes of Exploitation and Protect Victims.” In recognition of President Trump’s proclamation designating April as Child Abuse Prevention Month, DHS is committed to raising awareness of these heinous crimes, preventing child exploitation and abuse, and bringing perpetrators to justice.

    As part of the Department’s ongoing work in this area, today DHS is celebrating the one-year anniversary of Know2Protect, the U.S. government’s first prevention and awareness campaign to combat online CSEA. 

    Between April 2024 and February 2025:

    • DHS launched Know2Protect®, a first of its kind national public awareness campaign to combat online CSEA. The campaign enhances the Department’s capabilities to combat online CSEA by partnering with the private sector to deliver its awareness messaging and coordinating federal efforts to confront and prevent this growing epidemic. The Department has successfully entered into over 20 Know2Protect® Memoranda of Understanding with leading technology companies, national and international sports leagues, youth-serving organizations and nonprofits, and other private sector partners to raise awareness of this crime and help children stay safer online.
    • DHS increased the footprint of law enforcement partners at the DHS Cyber Crimes Center (C3) to enhance coordination across all DHS agencies and offices to combat cyber-related crimes and further the Department’s mission to combat online CSEA. Several partners are collocated and work together every day at the DHS C3, including the United States Secret Service (USSS), U.S. Customs and Border Protection (CBP), the United States Marshals Service (USMS),      U.S. Immigration and Customs Enforcement (ICE) Enforcement and Removal Operations (ERO), and the Department of Justice (DOJ) Computer Crimes and Intellectual Property Section (CCIPS).  
    • The Blue Campaign, part of the DHS Center for Countering Human Trafficking, hosted 170 national trainings on the indicators of forced labor and sex trafficking and how to report these crimes with more than 24,000 participants from the federal government, non-governmental organizations, law enforcement, and other external stakeholders.
    • DHS identified and rescued 1,567 child victims of online CSEA through the work of HSI and made 4,460 arrests for crimes involving online CSEA. Learn more in the U.S. Immigration and Customs Enforcement Fiscal Year 2024 Annual Report
    • HSI and ERO have instituted a collaborative operational initiative to locate unaccompanied alien children (UAC) released from the care and custody of the U.S. Department of Health and Human Services, Office of Refugee Resettlement (HHS-ORR). The UAC initiative   identifies and locates UACs to ensure immigration obligations are met, and investigate any potential indicators of forced labor, sex trafficking, or other exploitation.

    To accomplish this work, DHS coordinates with law enforcement at home and abroad to enforce and uphold our laws, protects victims with a victim-centered approach that prioritizes dignity and respect, and works to stop this heinous crime through public education and outreach.

    Enforcing Our Laws

    DHS works with domestic and international partners to enforce and uphold the laws that protect children from abuse. The Department works collaboratively with  Department of Justice prosecutors, the Federal Bureau of Investigation (FBI), U.S Marshals, INTERPOL, Europol, and other international law enforcement partners to arrest and prosecute perpetrators.

    • DHS increased U.S. government and law enforcement efforts to combat financial sextortion, a crime targeting children and teens by coercing them into sending explicit images online and extorting them for money. From FY22 to FY24, HSI received more than 4,900 CyberTipline reports related to sextortion predators from Côte dʼIvoire. From these reports, 652 children have been identified and supported by HSI. In an effort to combat this crime, HSI sent special agents to Côte d’Ivoire to provide online CSEA training to local law enforcement and supported local law enforcement efforts in locating and apprehending offenders residing there.
    • The CCHT works alongside the National Center for Missing and Exploited Children (NCMEC) to identify and pursue the recovery of underage victims of sex trafficking. The CCHT emphasizes victim identification operations which allows HSI field offices to rescue these children while implementing a victim centered approach. The CCHT supports HSI field operations throughout the investigation and prosecution of these traffickers and their networks.
    • DHS partnered with 61 regional Internet Crimes Against Children Task Forces to investigate people involved in the online victimization of children, including those who produce, receive, distribute and/or possess child sexual abuse material, or who engage in online sexual enticement of children.
    • DHS researched and developed modern tools and technologies that equip domestic and international law enforcement partners with advanced forensic capabilities to accomplish their mission to identify victims and apprehend child sexual abusers.
      • The Science and Technology Directorate developed StreamView, a digital forensics and data analytics tool designed to assist law enforcement in effectively addressing child exploitation cases. By aggregating, organizing, and analyzing investigative leads, StreamView enables investigators to determine crime locations, identify victims, and bring perpetrators to justice more efficiently. Since May 2023, StreamView has identified and rescued over 133 child and adult victims, dismantled more than 29 criminal networks, generated over 600 leads and referrals, and arrested of over 120 criminal actors. The platform has also contributed to 10 convictions and 8 life sentences, significantly improving Child Sexual Abuse Material (CSAM) investigations.
    • The U.S. Secret Service provides forensic, technical, and investigative assistance to NCMEC and state/local/tribal law enforcement in cases involving missing and exploited children. Support includes polygraph examinations, age progression/regression, composite sketches, audio/image/video enhancement, speaker identification/recognition, questioned document analysis, fingerprint development and examination, geospatial information mapping system, digital forensics.
    • U.S. Customs and Border Protection screens all undocumented unaccompanied children and other arriving minors for indicators of abuse or exploitation, human trafficking, extraterritorial sexual exploitation of children, sexual predators involved in crimes of exploitation, and all suspected criminal cases are referred to HSI.
    • Transportation Security Administration (INV) Special Agent Polygraph Examiners provide their expertise to advance investigative and prosecutorial efforts in support of child sexual exploitation investigations. INV developed evidence of child sexual exploitation and/or abuse in 15 criminal specific and pre-employment examinations. INV Special Agent Polygraph Examiners, assigned to its Special Operations Division, conduct examinations on behalf of INV, HSI, the Internet Crimes Against Children Task Force, federal and local law enforcement agencies. In a case involving a child victim, an INV Special Agent Polygraph Examiner administered a specific issue polygraph examination, which resulted in the arrest of an individual attempting to solicit a child and identified six other victims ranging in age from 5-16 years of age.

    Protecting and Supporting Victims

    • The Angel Watch Center (AWC) within DHS C3 proactively identifies U.S. persons traveling abroad who have been convicted of sexual crimes against children. By using travel related information and publicly available state sex offender registries, the AWC notifies destination countries of these individuals’ pending arrivals to help prevent potential child sex tourism and other forms of exploitation. The HSI AWC sent over 4,800 travel notifications to foreign governments on convicted, registered U.S. child sex offenders, leading to over 900 denials of entry. These efforts build international cooperation to ensure all countries are safe from sexual predators.
    • In July 2023, HSI launched the first U.S.-based international victim identification surge, “Operation Renewed Hope (ORH).” To date, there have been three yearly operations: ORHI, ORHII, and ORHIII, to identify and rescue child victims of online exploitation. In these operations, HSI and its domestic and international partners work on child sexual abuse material contained in HSI holdings, teams expertly comb through and analyze unidentified series of child sexual abuse material to identify children and offenders and create lead packages for appropriate investigative partners in furtherance of associated law enforcement actions.
      • In the Spring of 2025, HSI conducted ORHIII, which resulted in 386 probable identifications and 56 victims who have been identified and rescued. Once victims of child exploitation are identified and/or rescued, the HSI Victim Assistance Program (VAP) supports them and their non-offending caretaker(s) by using highly trained forensic interview specialists to conduct victim-centered and trauma-informed forensic interviews. In addition, VAP’s victim assistance specialists provide resources to victims such as crisis intervention, referrals for short and long term medical and/or mental health care and contact information for local social service programs and agencies to assist in the healing process.
    • HSI provides short-term immigration protections to human trafficking victims, including victims of child sex trafficking. U.S. Citizenship and Immigration Services (USCIS) grants immigration benefits to eligible child victims of human trafficking, abuse, and other crimes, including T nonimmigrant status, U nonimmigrant status, and immigrant classification under the Violence Against Women Act (VAWA).

    Educating and Increasing Public Awareness

    • The Know2Protect® campaign has garnered over 518 million impressions across various media platforms, in large part due to donated advertising from signed partners and other partner activations. The top visited pages on Know2Protect.gov are Take ActionHow2Report, and Know the Threats.
    • Project iGuardian is the official in-person educational program of the Know2Protect campaign. Led by HSI, Project iGuardian offers in-person presentations designed to inform children, teens, parents, and trusted adults on the threat of online CSEA, how to implement preventive strategies, and report suspected abuse to law enforcement.
      • Since the start of FY24, more than 400 special agents have been trained to give Project iGuardian presentations.
      • In FY24, HSI gave more than 1,100 presentations to more than 122,000 children, teens, parents, and teachers domestically and internationally. These presentations yielded more than 75 victim disclosures and 77 investigative leads for online CSEA.
      • So far in FY 25, HSI has given more than 760 iGuardian presentations to over 69,000 children and adults, which have yielded more than 41 victim disclosures and 13 investigative leads.
    • In April 2024, the Blue Campaign announced a partnership with rideshare company Lyft to train their drivers, who interact with millions of riders per year, on how to recognize indicators of human trafficking among their passengers, and how to report it.  From July to September 2024, Blue Campaign collaborated with NCMEC to promote human trafficking awareness across various social media platforms, targeting both minors and those who work with minors. The campaign garnered more than 2 million impressions on Twitch, 14 million on Facebook, 3million on Snapchat, and 4 million through display ads.
    • The Federal Law Enforcement Training Centers (FLETC) covers child sexual exploitation and abuse awareness in its Human Trafficking lesson plan. In FY2024, FLETC trained nearly 4,400 individuals in human trafficking awareness.
    • USSS Childhood Smart Program Ambassadors educated more than 112,000 children, parents, and teachers across 31 states and the District of Columbia about how to prevent online child sexual exploitation and child abduction. The Childhood Smart Program provides age-appropriate presentations to children as young as five as well as to adults. Presentations focus on internet and personal safety as well as other topics such as social media etiquette and cyber bullying.
    • The HSI Human Rights Violators and War Crimes Center trained more than 800 individuals across the interagency on female genital mutilation or cutting, a severe form of child abuse and a crime under federal law when done to individuals under the age of 18.
    • The Blue Campaign Blue Lightning Initiative, part of the DHS Center for Countering Human Trafficking, trained more than 260,000 aviation personnel to identify potential traffickers and victims of forced labor and sex trafficking, to include child sex trafficking, and report their suspicions to law enforcement in FY 2023. The Initiative added 31 new partners this past year, raising its total partners to 136 aviation industry organizations, including its first two official international partners.
    • The Cybersecurity and Infrastructure Security Agency administers SchoolSafety.gov, an interagency website that includes information, guidance and resources on a range of school safety topics. SchoolSafety.gov includes a child exploitation section that houses more than 60 resources to help school communities identify, prevent and respond to child exploitation. Since its launch in January 2023, child exploitation section has been viewed more than 35,600 times.

    What You Can Do and Resources Available

    • Visit  www.Know2Protect.gov to access free resources to understand the threats of online CSEA and learn preventative strategies to stop future victimization.
    • Request an educational presentation tailored for school children and trusted adults:
    • Visit SchoolSafety.gov for resources to help educators, school leaders, parents, and school personnel identify, prevent, and respond to child exploitation.
    • Learn more from the National Center for Missing and Exploited Children.Visit https://www.dhs.gov/blue-campaign for resources about how to prevent, identify and report human trafficking.  
    • How to report suspected online child sexual exploitation and abuse in the United States:
    • Contact your local, state, campus, or tribal law enforcement officials directly. Call 911 in an emergency.
    • If you suspect a child has been abducted or faces imminent danger, contact your local police and the NCMEC tip line at 1-800-THE-LOST (1-800-843-5678).
    • If you suspect a child might be a victim of online child sexual exploitation, call the HSI Tip Line at 1-866-347-2423 and report it to NCMEC’s CyberTipline.

    ###

    MIL Security OSI

  • MIL-OSI: Correction: Sword Group: Information on the Payment of the 2024 Dividend

    Source: GlobeNewswire (MIL-OSI)

    Subject to approval by the Annual General Meeting on 28 April, the Group confirms the payment of a dividend of €2 gross per share.

    The payment schedule is as follows:
    Ex-Date: 30/04/2025 (unchanged date)
    Record Date: 02/05/2025 (date shifted by one day)
    Payment Date: 05/05/2025 (date changed to Monday)

    Explanation of the different deadlines:
    Ex-date: date (in the morning) from which securities are traded without the dividend
    Record date: date (in the evening) taken into account by the financial intermediaries to determine who is entitled to the dividend

    Explanation of the withholding tax:
    As Sword’s registered office is in Luxembourg, there is a 15% withholding tax.
    However, it is possible to be exempt from this withholding tax, as explained below:

    Individual shareholder who is a French tax resident:
    If the shares are not placed on a PEA:
    – The shareholder will benefit from a tax credit in France equal to the amount withheld at source => double taxation is avoided
    – The IFU will mention the amount of the dividend and the amount of the tax credit 

    If the shares are placed on a PEA:
    – The tax credit cannot be refunded since the dividend is not taxed in France

    A shareholder that is a legal entity established in France (with a holding of less than 10% and an acquisition price of less than 1.2 million euros)
    – The shareholder will benefit from a tax credit in France equal to the amount withheld at source => double taxation is avoided

    A shareholder, whether an individual or a legal entity, residing in a State other than France (with a holding of less than 10% and an acquisition price of less than 1.2 million euros)
    – If the double taxation tax treaty between Luxembourg and the State of residence provides for a lower rate of tax withheld at source, the shareholder can file a request for partial or total reimbursement with the Luxembourg tax authorities (form 901bis)
    – Moreover, in accordance with the tax treaty, the shareholder will benefit in his country of residence from a tax credit that is equal to the amount withheld at source => double taxation is avoided

    A shareholder who is a legal entity able to benefit from the European Parent-Subsidiary Directive (+ EEE and Switzerland), that owns or promises to own on the date of the dividend distribution, for at least twelve months, a holding of at least 10%
    or an acquisition price of at least 1.2 million euros
    – Exoneration from tax withheld at source in Luxembourg

    Agenda
    28/04/25: Annual Shareholders Meeting 2024
    24/07/25: Publication of Q2 2025 Revenue

    About Sword Group

    Sword has 3,500+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital age.

    As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management.

    Sword optimises your processes and enhances your data.

    Attachment

    The MIL Network

  • MIL-OSI Global: Why a psychopath wouldn’t hesitate to cause another global financial crisis – if there was something in it for them

    Source: The Conversation – UK – By Clive Roland Boddy, Deputy Head, School of Management, Anglia Ruskin University

    Gorodenkoff/Shutterstock

    Would you want a psychopath looking after your pension? Or what about your shares? In a recent talk at the Cambridge Festival of Science, I spoke about the latest research relating to a psychopath’s love of money, greed for power, and willingness to harm other people financially for personal gain.

    Since I began researching corporate psychopaths and the global financial crisis, the idea of the financial psychopath, an employee in the financial sector acting ruthlessly, recklessly, greedily and selfishly with other people’s money, has gained traction.

    The theory won support because psychopaths are more commonly found in financial services than in other sectors. It has even been argued that up to 10% of employees in financial services could be psychopathic. That is to say they have no empathy, care for other people, conscience or regrets for any damage they do.

    These traits make them ruthless in pursuit of their own agendas and entirely focused on self-promotion and self-advancement.

    But my ongoing research goes even further. It has found that psychopaths are willing to knowingly cause financial harm to the entire global community, in order to receive a financial bonus for themselves. Personal greed outweighs the immense social and community costs of implementing that greed.

    This aligns with earlier perceptions of some captains of finance or leading politicians as psychopaths. Previous research found they are freed by their selfish philosophy of life and their trivialising of other people from the restraints of being evenhanded, truthful or generous.

    This new research also shows that a majority of psychopaths would even be willing to cause a global financial crisis – if they personally would profit from, for example, falling stock prices. This willingness holds true even when they could be personally identified as being the source of the crisis. Only a tiny minority of non-psychopaths would be willing to do this.

    Race to the top

    Financial insiders appear to agree with the assumption that psychopaths have always been prevalent in the sector. Many psychologists and other management commentators have come to the same conclusion.

    Researchers have also found that interpersonal-affective psychopathic traits – such as deceitfulness, superficial charm and a lack of remorse – were associated with success in the finance sector.

    Employees at financial institutions in New York scored significantly higher on these traits than people in the wider community. They also had significantly lower levels of emotional intelligence (as would be expected of psychopaths).

    Employees at financial institutions in New York were found to score higher for psychopathic traits than the general population.
    IM_photo/Shutterstock

    What’s more, having psychopathic traits has also been linked to higher annual incomes – as well as a higher rank within the corporation.

    In other words, it looks like the more psychopathic an employee is, the further up the corporate finance ladder they will go. This corresponds with findings that show there are more psychopaths at the top of organisations than at the bottom.

    Creating destruction

    This is not to say that personal success in climbing the corporate ladder equates to professional success when someone reaches the top job. Quite the opposite. In fact, my research has shown that psychopathic leadership is associated with organisational destruction.

    This includes a greater propensity to take risks with other people’s money, a greater willingness to gamble with someone else’s money and lower returns for shareholders.

    In one study over a ten-year period, psychopathic fund managers were found to generate annual returns that were 30% lower than their less psychopathic peers.

    The research team concluded that among elite financial investors, psychopathy and its appearance of personal dominance and competence, may enable people to rise to the top of their profession. But this does not translate into improved financial performance at the organisational level, where the presence of the psychopathic is actually counterproductive.

    Fraud has always been associated with the psychopathic – so much so that in one study 69% of auditors believed they had encountered corporate psychopaths in relation to their investigations.

    Years ago, one bank reportedly used a psychopathy measure to recruit staff. But I would advise against hiring people who score very highly, because they are totally concerned with personal success. They are not bothered about long-term organisational growth or sustainability. As such, decisions will be made to suit the psychopathic worker, and not the organisation.

    For example, new hires would be likely to be people who can help the psychopath achieve their personal aims and objectives rather than aid the company. Anyone astute enough to potentially be a challenge to the psychopathic employee would not be hired by them in the first place.

    Without exception, psychopathic people love money and they are more motivated by it than other people are.

    Unlike the rest of the population, psychopaths are uninterested in higher values such as close emotional connections with family and friends, and much more focused on money and materialism. Seen through this lens, the appeal of the corporate banking sector – and the salaries and bonuses it offers – to people with these traits soon becomes clear.

    Clive Roland Boddy has received funding from the University of Tasmania and Nottingham Business School. Clive has also secured funding for the British Chamber of Commerce in South Korea and the Australian British Chamber of Commerce in Western Australia. .

    ref. Why a psychopath wouldn’t hesitate to cause another global financial crisis – if there was something in it for them – https://theconversation.com/why-a-psychopath-wouldnt-hesitate-to-cause-another-global-financial-crisis-if-there-was-something-in-it-for-them-252788

    MIL OSI – Global Reports

  • MIL-OSI Global: Trump’s tactics for creating disruption are testing the limits of presidential power – a legal expert explains

    Source: The Conversation – UK – By Stephen Clear, Lecturer in Constitutional and Administrative Law, and Public Procurement, Bangor University

    In less than 100 days, Donald Trump’s second term has proved the most disruptive and transformative start to a US presidency ever. Using executive orders and mass firings, he has moved quickly on his far-reaching agenda to consolidate his power.

    Trump has actually signed fewer bills into law at this point than any new president for seven decades. But he has signed 124 executive orders (which don’t need congressional approval). Joe Biden signed 162 of these over his whole term.

    Executive orders are a way of pushing through a presidential directive, usually based on existing statutory powers, without it going to a vote. So far, these have covered issues from energy policy to TikTok’s ownership.

    Using this tactic, Trump has stretched his authority far more in just a few months than any recent president.

    While the president may issue executive orders, he cannot create laws without the support of Congress. This has led, in part, to the launch of lawsuits regarding the statutory basis of some of these orders. Some are now going through the federal courts on constitutional and lawfulness grounds.

    But the Supreme Court can also review and overturn executive orders that lack legal authority. These orders cannot contradict or supersede existing laws passed by Congress, or violate the US constitution.

    A system of checks and balances that prevents US presidents from becoming too powerful is facilitated by the “separation of powers”, which is written into the US Constitution. The legislative (members of Congress), executive (president) and judiciary (the courts) are all separate bodies – in part to prevent an over-concentration of power in any one body or person.

    Bills passed by presidents in first 85 days

    The US Congress has a key supervisory role through its two chambers, the House of Representatives and the Senate, which work together to pass laws. But there are many reasons why this president may not be that concerned by these constitutional safeguards.

    The Democratic opposition is in an exceptionally weak position to take on Trump. It is in the minority in both the Senate and House of Representatives, and is routinely outvoted by the Republicans.

    And Trump is often dismissive of congressional oversight. House committees have previously launched multiple investigations into his conduct, business dealings, and whether he has financially benefited while serving as president. Congress also issued subpoenas for documents and testimonies in 2022, but Trump often resisted or delayed them.

    Congress controls federal spending and can, in theory, deny funds for presidential initiatives. But it is currently full of Republicans who, so far, have not been willing to challenge the president.




    Read more:
    Nayib Bukele: El Salvador’s strongman leader doing Donald Trump’s legwork abroad


    Testing the legal limits

    Trump’s approach seems to be one of testing the limits of the law. This was seen with the travel ban imposed on mostly Muslim countries in his first term, which the Supreme Court initially struck down as unconstitutional. The court later upheld a significantly revised version.

    In terms of impeachment, Trump has already been there on two occasions. He was first impeached in 2019 after he allegedly pressured Ukraine’s leader, Volodymyr Zelensky, to investigate Joe Biden in the run-up to the 2020 election.

    This claim of illegality on the part of Trump stemmed from it being illegal to ask foreign entities for help in winning a US election. The House of Representatives impeached him for abuse of power and obstruction of Congress, but the Senate ultimately acquitted him.

    Trump was impeached again in 2021, after he was accused of inciting the January 6 Capitol riots. For the first time in US history, a president was impeached after leaving office – but he was again acquitted by the Senate.

    Trump has suggested these impeachment attempts are evidence of him being persecuted for his efforts to “drain the swamp” (how he describes Washington’s political establishment). Overall, the president seems to favour testing the limits of executive policy-making, then making changes later if challenged.

    Judges also have an important role to play in checking the work of the president. They can declare presidential actions unconstitutional. For example, in US v Nixon (1974), the Supreme Court ruled the president does not have executive-privilege immunity from court actions.

    Some may think that as the president appoints top judges, this undermines their independence. However, once judges are appointed, they are bound to execute their duties fairly while upholding the rule of law. Importantly, they do not answer to the president for their decisions.

    The US constitution also puts some limits on the office of the president. As part of their oath of office, presidents vow to uphold and defend the constitution and faithfully execute their responsibilities. In that sense, a US president must execute diligence in ensuring the law is faithfully followed. They cannot simply ignore laws they do not like.

    Donald Trump’s Oath of Office.

    And despite claims that Trump is prepared to seek a third term, the 22nd Amendment limits an individual to a maximum of two – although Trump has hinted at a plan to find a way around this.

    As was seen with his previous administration, the voters can turn against sitting presidents and vote them out of power. Businesses and market pressures can also play a significant role, as was seen in the recent pauses in the president’s international tariff decision-making.

    What needs to change?

    A significant amount of change has been achieved via Trump’s executive orders in just 85 days. Meanwhile, judicial oversight and checks will take time to filter through the courts and, if necessary, be tested in the Supreme Court.




    Read more:
    Federal judge finds ‘probable cause’ to hold Trump administration in contempt – a legal scholar explains what this means


    Nonetheless, the judiciary is starting to flex its muscles more. For example, a federal judge has said he would find administration officials in contempt unless they engaged with a legal process to secure the return of Maryland resident Kilmar Ábrego García, after he was illegally sent to an El Salvador prison. This is already being hailed as a test case for the rule of law.

    It’s also noteworthy that recent polls of US citizens indicate 82% want the president to obey federal court orders.

    One area where more explicit clarity in US law might be needed is over the scope of executive orders – to curtail some of the testing of their limits we are currently seeing. While Congress already has the power to legislate to reverse and override an executive order, as well as to refuse to provide the funding necessary to carry out policy measures contained within an order, it (so far) seems unprepared to execute this power.

    In the next few months, the US public and politicians will be able to see the impact of these executive orders – and there will be a wealth of judicial rulings to add to the debate. Whether that will change how Trump operates is as yet unclear.

    Stephen Clear 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. Trump’s tactics for creating disruption are testing the limits of presidential power – a legal expert explains – https://theconversation.com/trumps-tactics-for-creating-disruption-are-testing-the-limits-of-presidential-power-a-legal-expert-explains-254120

    MIL OSI – Global Reports

  • MIL-OSI Canada: Empowering student growth in downtown Edmonton

    [. Through Budget 2025, Alberta’s government is investing $4 million in the planning and design of the new Career Skills Centre at NorQuest College. When finished, this centre will help NorQuest College accommodate the significant growth in their student enrolment.

    NorQuest College envisions a 35,000 square metre facility designed to accommodate up to 4,000 additional full-time learners. When completed, the new building will expand space for NorQuest College’s four core faculties – Faculty of Skills and Foundational Learning; Faculty of Health Studies; Faculty of Business, Environment and Technology; and Faculty of Arts and Science – and would include research hubs, community spaces and enhanced student amenities. Construction is anticipated to begin as early as 2027 and be completed as early as 2029.

    “Alberta’s government is committed to supporting projects like this that expand enrolment capacity and help create modern learning environments for students. We applaud NorQuest College’s vision for the Career Skills Centre and look forward to seeing its continued development. This investment will help ensure that Alberta is meeting the labour market needs of today and into the future.”

    Rajan Sawhney, Minister of Advanced Education

    The Career Skills Centre would also serve as the new home of the Indigenous House of Learning and Indigenous Career Centre, which helps Indigenous job seekers gain access to meaningful employment training, supports and mutually beneficial employer partnerships across sectors. 

    “The Career Skills Centre will be a beacon of opportunity, empowering and connecting Indigenous job seekers with skills and support to thrive in today’s workforce. The Indigenous House of Learning and the Indigenous Career Centre will help position Indigenous talent into meaningful employment across a number of Alberta’s core industries, transforming lives and fostering a brighter, more inclusive future for all.”

    Rick Wilson, Minister of Indigenous Relations

    Additionally, the new Career Skills Centre will act as a modern research hub to help students develop responsive solutions to the most pressing problems facing Alberta’s industries and communities.

    “In recent years, NorQuest has more than doubled the number of learners our campus was designed to serve. The Government of Alberta’s $4-million investment will help ensure the college continues to meet the growing demand for workforce-ready skills through the development of the new Career Skills Centre in the heart of Edmonton’s Education District.”

    Carolyn Campbell, president and CEO, NorQuest College

    “NorQuest College plays a foundational role in the continued revitalization of Edmonton’s downtown. The college attracts thousands of staff and students to our downtown while ensuring local employers have access to workforce-ready graduates. The Downtown Revitalization Coalition is delighted to see the Government of Alberta’s commitment to the vibrancy and success of Edmonton’s downtown by investing in NorQuest’s Career Skills Centre.”

    Cheryll Watson, chair, Downtown Recovery Coalition, and president & CEO, Junior Achievement Northern Alberta. 

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

    Quick Facts

    • NorQuest’s enrolment has tripled since 2010, with the equivalent of more than 10,000 full-time learners on a campus built for 5,000.
    • Projections suggest that by 2030, enrolment will exceed 15,000 full-time learners.
    • The total project cost is between $240 to $250 million.

    Multimedia

    • Watch the news conference

    MIL OSI Canada News

  • MIL-OSI USA: Trahan, Garcia Mark 50 Years Since the Cambodian Genocide, Reintroduce Remembrance Day Legislation

    Source: United States House of Representatives – Congresswoman Lori Trahan (D-MA-03)

    LOWELL, MA – Today, Congresswoman Lori Trahan (MA-03), Chair of the Congressional Cambodia Caucus, and Congressman Robert Garcia (CA-42) reintroduced legislation to designate April 17th as Cambodian Genocide Remembrance Day to recognize the anniversary of the fall of Phnom Penh to the Khmer Rouge, which went on to murder nearly 2 million Cambodians. Today marks 50 years since the start of the Cambodian Genocide.
    “Today, we commemorate the painful anniversary of the Cambodian genocide, when over a four year period the Khmer Rouge regime murdered nearly two million innocent people. Families were separated, culture and identity were nearly erased, and the pain of that loss continues to echo through generations,” said Congresswoman Trahan. “By dedicating April 17th as Cambodian Genocide Remembrance Day, we commit to preserving the memory of those we lost, to educating future generations about the atrocities that occurred, and to standing firm against the rising tide of genocide, authoritarianism, and erosion of human rights.”
    “Today marks the 50th anniversary of the start of the Cambodian genocide, where more than two million lives were lost by violence and tyranny, and countless families were forever impacted,” said Congressman Garcia. “Cambodian Americans across the country still carry the weight of this history with strength and resilience. This anniversary is a time to recognize that this history will never be forgotten, and a reminder that we will always stand with the Cambodian community.”
    From 1975 to 1979, the Khmer Rouge and its leader Pol Pot engaged in a brutal, systematic genocide of innocent Cambodian citizens. By the time the Khmer Rouge was toppled, nearly 2 million Cambodians were killed, totaling almost 25 percent of the nation’s population. Thousands fled the killing fields for refugee camps in Thailand before being admitted to several nations, including the United States. Today, multiple cities and towns are home to strong, vibrant Cambodian-American communities, including Lowell, Massachusetts and Long Beach, California.
    In 2019, Lowell, Long Beach, and Los Angeles passed resolutions proclaiming April 17th as Cambodian Genocide Remembrance Day. In 2023, the Massachusetts legislature passed legislation authored by State Representative Vanna Howard, the first Cambodian American woman elected to a state legislature in the nation, to do the same.
    “Today, April 17th marks the 50th anniversary of the Cambodian genocide, when the Khmer Rouge took control of Cambodia and murdered close to 2 million Cambodians over the next four years, including many of my most precious family members,” said State Representative Vanna Howard. “The remembrance is certainly an important acknowledgement of all the survivors in our community. While we recommit ourselves to never forget the lives lost, we must also remain dedicated to ensuring that such an event never happens again, and that Cambodia will return to a free and fair democratic society, sooner than later. As a genocide survivor, I’m very proud the Massachusetts Legislature, for the first time in the history of Massachusetts, passed a House Resolution proclaiming April 17th as Cambodian Genocide Remembrance Day.”
    “The Cambodian Genocide is a part of our history that we must never forget. The work to uphold democracy in Cambodia is far from over—we must continue striving to keep our people safe and free from fear. On this day of remembrance, we honor the past and commit to moving forward, so we never return to such darkness,” said State Representative Tara Hong.
    In 2023, Trahan and Senator Edward J. Markey (D-MA) reintroduced the Cambodia Democracy and Human Rights Act, bipartisan and bicameral legislation to hold the Cambodian government accountable for abuses and corruption that undermine democracy and human rights.
    Lowell is home to the second largest Cambodian community and the largest Cambodian population per capita of any city or town in the nation. The strong Cambodian-American community in the region has strengthened the local economy and contributed mightily to Lowell’s cultural resurgence. It has also been essential in the election of the first Cambodian American mayor, Sokhary Chau, and Cambodian American members of the City Council, Vesna Nuon and Paul Ratha Yem.
    “Congresswoman Lori Trahan has proven to be a true ally and advocate for the Cambodian community. She understands the struggles of immigrants and takes meaningful action to stand with us,” said Councilor Chau. “Like many Cambodian families, mine survived the unimaginable horrors of the Khmer Rouge — the starvation, the forced labor, the fear, and the loss. As we mark the 50th anniversary of the Cambodian Genocide, this is more than a moment of remembrance. It’s a call to honor our resilience, preserve our history, and empower future generations to carry our legacy forward with pride and strength.”
    “As we mark the 50th anniversary of the Cambodian genocide, it is important that those of us who survived and found safety and opportunity in the United States never forget the inhumanity of that era. And it is important that we, Cambodians and Cambodian-Americans alike, tell our stories and continue to call for an end to one-party rule and for free and just elections in Cambodia.” said Councilor Nuon.
    “Fifty years ago, Cambodia fell into darkness, and over two million lives were lost to the brutality of the Khmer Rouge regime. Today, we remember the victims, honor the survivors, and reaffirm our commitment to justice, truth, and the enduring strength of the Cambodian people. May their memory guide us toward peace, resilience, and a future where such horrors never happen again,” said Councilor Yem.
    A copy of the legislation introduced today can be accessed HERE.
    ###

    MIL OSI USA News

  • MIL-OSI USA: Barr, Deepfakes and the AI Arms Race in Bank Cybersecurity

    Source: US State of New York Federal Reserve

    Thank you for the opportunity to speak to you today about artificial intelligence (AI) and cybersecurity.1 In the past, a skilled forger could pass a bad check by replicating a person’s signature. Now, advances in AI can do much more damage by replicating a person’s entire identity. This technology—known as deepfakes—has the potential to supercharge identity fraud. I’ve recently spoken about the importance of recognizing both the benefits and the risks of generative AI (Gen AI).2 Today, I’d like to focus more on the darker side of the technology—specifically how Gen AI has the potential to enable deepfake technology, and what we should be doing now to defend against this risk in finance.
    Escalating Threat of Gen-AI Facilitated CybercrimeCybercrime is on the rise, and cybercriminals are increasingly turning to Gen AI to facilitate their crimes. Criminal tactics are becoming more sophisticated and available to a broader range of criminals. Estimates of direct and indirect costs of cyber incidents range from 1 to 10 percent of global GDP.3 Deepfake attacks have seen a twentyfold increase over the last three years.4
    Cybercrime with deepfakes involves the same cat and mouse game common to sophisticated criminal activity. Both cybercriminals and financial institutions are constantly trying to outdo each other. Criminals develop new attack methods, and companies respond with better defenses. Here, the same technological innovations that enable the bad actors can also help those fighting cybercrime. However, there is an asymmetry—the fraudsters can cast a wide net of approaches and target a wide number of victims, and they only need a small number to be successful. Their marginal cost is generally low, and individual failures matter little. Conversely, companies must undergo a rigorous review and testing process to mount effective cyber defenses and will thus be slower in developing their defenses. A single failure is very costly. As we consider this issue from a policy perspective, we need to take steps to make attacks less likely by raising the cost of the attack to the cybercriminals and lowering the costs of defense to financial institutions and law enforcement.
    Anatomy of a DeepfakeDeepfake attacks are those in which an attacker uses Gen AI to create a doppelganger with a person’s voice or image and uses this doppelganger to interact with individuals or institutions to commit fraud. Deepfake technology is a particularly pernicious vehicle for cybercrime.5 The process begins with voice synthesis, where Gen AI models can synthesize the speech of their victim not only in words, but also in phrase patterns, tone, and inflection. With just a short sample audio, for example, criminals assisted by Gen AI can impersonate a close relative in a crisis situation or a high-value bank client, seeking to complete a transaction at their bank.6
    Criminals can also use Gen AI-generated videos to create believable depictions of individuals. For videos, Generative Adversarial Networks (GANs) are the core technology behind most deepfake systems.7 GANs consist of two competing models, the generator and the discriminator, which compete with and improve each other. This competition results in increasingly realistic, indistinguishable fake images and videos.8
    Deepfake technology can also be augmented by other AI tools; for instance, criminals can use AI to extract and organize extensive multimodal personal data to facilitate identity verification. Attackers can also turn to “dark web” tools, such as jailbroken versions of popular large language models, where the guardrails have been removed, to learn the deepfake trade and improve their attacks.9
    Deepfakes in ActionI expect that many of you can recall examples of how deepfakes of politicians and prominent business executives have fooled the public and spread disinformation. Deepfakes are also being used to commit payment fraud. In one case in 2024, a sophisticated deepfake of the chief financial officer for British engineering and architectural firm Arup was reportedly deployed in a video meeting and convinced an Arup financial employee to transfer $25 million to thieves.10
    In another case, an attacker attempted to undertake a highly convincing audio deepfake of the chief executive of Ferrari, down to mimicking his southern Italian accent.11 The recipient of the attack—another Ferrari executive—tested the caller with a personal question only the chief executive would know, which thankfully exposed the fraud.
    And these institutions and individuals are not alone—a 2024 survey finds that over 10 percent of companies reported experiencing deepfake fraud attempts, and few steps have been taken to mitigate the risks.12
    Particularly since COVID, we conduct much of our professional and personal lives over video. When we see realistic and interactive video images of a loved one in trouble, we are disposed to trust them and do what we can to help. Identity verification standards at banks often use voice detection, which may become vulnerable to Gen AI tools. If this technology becomes cheaper and more broadly available to criminals—and fraud detection technology does not keep pace—we are all vulnerable to a deepfake attack. These attacks can have significant financial costs to the victims of the crime and can also pose costs to society, eroding trust in communications and in institutions.
    Defending Against DeepfakesSo what should we do? As I mentioned above, we should take steps to lessen the impact of attacks by making successful breaches less likely, while making each attack more resource-intensive for the attacker.
    Let me start with ways to make successful breaches less likely. A key step is to recognize the importance of strong, resilient financial institutions in preventing attacks. Banks are frontline defenders against deepfake-enabled fraud due to their direct involvement with financial transactions and customer data. To verify payors, banks maintain identity verification processes, including multi-factor authentication and account monitoring practices. To the extent deepfakes increase, bank identity verification processes should evolve in kind to include AI-powered advances such as facial recognition, voice analysis, and behavioral biometrics to detect potential deepfakes. Other techniques focus on assessing the probability that AI has been used in audio or video based on underlying metadata and then flagging the identity or transaction for further review using other verification. These technical solutions can detect subtle inconsistencies in video and audio that human observers may miss.
    Banks have two points of control over the transaction—confirming not only the sender’s identity, but also the legitimacy of the recipient address. They can scrutinize the recipients of large or unusual transactions, employing advanced analytics to flag suspicious patterns that could indicate fraudulent activities, and perform additional reviews before authorizing a payment to a recipient that raises flags. Banks also invest in their human controls by maintaining up-to-date training for staff on the emerging risks and incorporating the necessary security measures to mitigate the damages from breaches when they occur. And they are engaging with other financial institutions to help define the threat and identify appropriate controls and mitigants.13
    Customers should do their part, enabling multi-factor authentication on their accounts and verifying unusual requests through a separate channel, even if the person making the request seems genuine. They should seek out education for themselves and their loved ones to help them detect and prevent fraud before it occurs.14 And customers should value strong security practices at their financial institutions, including those which may add some friction to the user experience. The customers that may be the highest-value targets for criminals are often those with the largest digital presence, and thus most susceptible to deepfakes. They are also the customers who may prefer the most frictionless user experience, making detecting deepfakes more difficult. When it comes to protecting our money, we ought to expect and appreciate a little friction.
    Regulators can help to reinforce the importance of cyber defenses in safe and sound banking through appropriate updates to guidance and regulation. As with all rules, we should be mindful of the impacts on smaller institutions and help ensure that rules are right-sized for the risk. In addition, we can work with core providers to understand the extent to which they are incorporating AI advancements in their products and services to help smaller banks defend against deepfakes and other emerging risks from the technology. Last, we can also highlight research and development for cybersecurity startups and research into tools to combat deepfakes and Gen AI-based fraud.
    Regulators should consider how we could leverage AI technologies ourselves, including to enhance our ability to monitor and detect patterns of fraudulent activity at regulated institutions in real time. This could help provide early warnings to affected institutions and broader industry participants, as well as to protect our own systems.
    In addition to preventing attacks, we should also explore ways of making attacks more costly. These may include coordination with domestic and global law enforcement, internationally consistent laws against cybercrime, and continued improvement on sharing threat intelligence and insights in real-time. The official sector and banks should continue efforts to improve fraud data sharing within the financial sector and help institutions respond more quickly to emerging Gen AI-driven threats. This will make it far harder for fraudsters to operate undetected, increasing the complexity and cost of their activities. But the sharing is only as good as the data, and banks must do their part. We should help ensure that banks and other regulated institutions meet their duties to report cyber incidents in a timely way, and regulators should too.15
    Another way to disrupt the economics of cybercrime is by increasing penalties for attempting to use Gen AI to commit fraud and increasing investment in cybercrime enforcement. This includes targeting the upstream organizations that benefit from illegal action and strengthening anti-money-laundering laws to disrupt illicit fund flows and freeze assets related to cybercrime. The fear of severe legal consequences could help to deter bad actors from pursuing AI-driven fraud schemes in the first place.
    ConclusionDeepfakes are only one of many new techniques to facilitate cyberattacks, but they feel particularly salient because they are so personal. And they are on the rise.
    We will need financial institutions to adapt, collaborate, and innovate in the face of these emerging threats.
    Thank you.

    1. The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee. Return to text
    2. Michael S. Barr, “Artificial Intelligence: Hypothetical Scenarios for the Future” (speech at the Council on Foreign Relations, New York, NY, February 18, 2025); Michael S. Barr, “AI, Fintechs, and Banks” (speech at the Federal Reserve Bank of San Francisco, San Francisco, CA, April 4, 2025). Return to text
    3. International Monetary Fund, Global Financial Stability Report, chapter 3 (October 2024), See also, World Economic Forum, Why We Need Global Rules to Crack Down on Cybercrime (January 2023). Return to text
    4. “Fraud attempts with deepfakes have increased by 2137% over the last three years,” Signicat, February 20, 2025, https://www.signicat.com/press-releases/fraud-attempts-with-deepfakes-have-increased-by-2137-over-the-last-three-year#:~:text=Evolving20AI2Dbased20techniques20pose,AI2DDriven20Identity20Fraud20report. Return to text
    5. Federal Bureau of Investigation, “Criminals Use Generative Artificial Intelligence to Facilitate Financial Fraud,” public service announcement, December 3, 2024. Return to text
    6. See note 5. Return to text
    7. Tianxiang Shen, Ruixian Liu, Ju Bai, and Zheng Li, “Deep Fakes” Using Generative Adversarial Networks (GAN) (PDF). McAfee, Beware the Artificial Impostor (May 2023), https://www.mcafee.com/content/dam/consumer/en-us/resources/cybersecurity/artificial-intelligence/rp-beware-the-artificial-impostor-report.pdf. Return to text
    8. “What is a GAN?” AWS, https://aws.amazon.com/what-is/gan/#:~:text=A20generative20adversarial20network20(GAN,from20a20database20of20songs. Return to text
    9. KELA, The State of Cybercrime 2025 Report (February 2025), https://www.kelacyber.com/resources/research/state-of-cybercrime-2025/. Return to text
    10. Kathleen Magramo, “British Engineering Giant Arup Revealed as $25 Million Deepfake Scam Victim,” CNN Business, May 17, 2024, https://www.cnn.com/2024/05/16/tech/arup-deepfake-scam-loss-hong-kong-intl-hnk/index.html. Return to text
    11. Sandra Galletti and Massimo Pani, “How Ferrari Hit the Brakes on a Deepfake CEO,” MIT Sloan Management Review, January 27, 2025. Return to text
    12. Chad Brooks, “1 in 10 Executives Say Their Companies Have Already Faced Deepfake Threats,” business.com, June 28, 2024, https://www.business.com/articles/deepfake-threats-study/. Return to text
    13. See, for instance, FS-ISAC’s report on deepfake threats and risk management at https://www.fsisac.com/hubfs/Knowledge/AI/DeepfakesInTheFinancialSector-UnderstandingTheThreatsManagingTheRisks.pdf. Return to text
    14. There are a variety of public and private resources that can help. See, for example, the National Security Agency/Central Security Service at https://www.nsa.gov/Press-Room/Press-Releases-Statements/Press-Release-View/Article/3523329/nsa-us-federal-agencies-advise-on-deepfake-threats/; and the National Cybersecurity Alliance at https://www.staysafeonline.org/articles/why-your-family-and-coworkers-need-a-safe-word-in-the-age-of-ai. Return to text
    15. “Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers,” 86 Fed. Reg. 66,424 (November 23, 2021). Return to text

    MIL OSI USA News

  • MIL-OSI: Sky Quarry to Host Investor Webinar on Waste-to-Energy Strategy and National Expansion – April 24th at 2:00 PM EDT

    Source: GlobeNewswire (MIL-OSI)

    WOODS CROSS, Utah, April 17, 2025 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced it will host a live investor webinar on Thursday, April 24th at 11:00 a.m. PDT / 2:00 p.m. EDT.

    Attendees will gain insights on:

    • The scale and urgency of the asphalt shingle waste problem and why it matters
    • Sky Quarry’s solution through its proprietary technology and revenue model
    • How California’s tightening fuel supply is driving demand for regional refining solutions
    • Regulatory tailwinds and the national blueprint for growth through modular waste-to-energy units

    The event will feature Sky Quarry founders David Sealock, Chairman & CEO, and Marcus Laun, EVP and Director, and will be moderated by Lloyd MacNeil, a partner at Troutman Pepper and a project finance attorney specializing in energy infrastructure development.

    The presentation will be followed by a live Q&A. Attendees are encouraged to submit questions in advance by emailing ir@skyquarry.com

    Registration is open to all investors, industry partners, and media.

    To register for the webinar, please click here.

    About Sky Quarry Inc.

    Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the Company’s Form 10-K as filed with the SEC on March 31, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Jennifer Standley
    Director of Investor Relations
    Ir@skyquarry.com

    Company Website
    www.skyquarry.com

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