NewzIntel.com

Category: Economy

  • MIL-OSI Australia: Wide-ranging reforms to overhaul PNG mining sector

    Source: Allens Insights (legal sector)

    An applicant for a mining lease, other than the state applicant, must provide proof of readily available funds in its operating bank account of no less than 50% of the total projected capital costs upon lodgement of the application, as a precondition to the grant of a mining lease (section 62(a)(v)). We assume that the reference to ‘operating bank account’ means the bank account of a licence holder in a bank in PNG. 

    Furthermore, the Bill provides that the holder of a mining lease whose RMCP has been approved must submit financial assurance that supports the performance of the RMCP obligations, to ensure that the state may not be liable for meeting the costs of the performance of closure obligations.

    Under the Bill, the holder of a mining lease whose RMCP is approved, will not be able to commence any mining or related operations until this financial assurance has been submitted.

    The financial assurance must be 20% of the total RMCP cost of implementation, and should include a letter of credit; insurance company bond; security interests in unencumbered assets; or other forms of financial assurance. The remaining 80% of the full cost is expected to be paid by the mining lease holder in annual instalments into a trust fund, established for the purpose, two years before the planned closure. This amount must be reviewed and updated every time the RMCP is updated.

    MIL OSI News –

  • MIL-OSI USA: Cortez Masto to President Trump: Stop Taxing American Families and Threatening Our Tourism Economy

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) released the following statement after President Donald Trump announced sweeping new tariffs on American allies that will raise the cost of groceries, energy, and household goods for Nevada families.

    “President Trump promised to lower costs on day one, but instead he’s raising taxes on hardworking American families and threatening Nevada’s travel and tourism economy. That’s unacceptable,” said Senator Cortez Masto. “I agree we should bring manufacturing back to America, but we can’t do that by jacking up prices on families. These blanket tariffs on some of our closest allies are going to do serious harm to hardworking Nevadans and their businesses.”

    MIL OSI USA News –

  • MIL-OSI USA: LEADER JEFFRIES: “THE TRUMP TARIFFS ARE GOING TO RAISE COSTS ON EVERYDAY AMERICANS”

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Brooklyn, NY – Today, Democratic Leader Hakeem Jeffries appeared on CNN’s Anderson Cooper 360 where he highlighted that Donald Trump’s reckless handling of tariffs is creating chaos and raising costs and Democrats will continue to push back in support of American workers. 

    ANDERSON COOPER: Joining me now is House Minority Leader Hakeem Jeffries. Leader Jeffries, what’s your response to these tariffs?

    LEADER JEFFRIES: The Trump tariffs are going to raise costs on everyday Americans, in an environment where there’s already a high cost of living. Trump promised that he would lower costs, in fact, on day one. But what we’ve seen under his reckless leadership is that costs aren’t going down in America, they’re going up. Inflation is going up. The stock market is going down. Consumer confidence is going down. And the retirement security of the American people is going down. This is not Liberation Day in America. It’s Recession Day because Donald Trump’s reckless policies are driving us toward a painful recession.

    ANDERSON COOPER: He’s saying, look, America has been taken advantage of by these other countries. He listed the tariffs they have on American goods coming into this country. And that long term, this is going to bring manufacturing back to America and make Americans wealthy.

    LEADER JEFFRIES: We certainly need to bring manufacturing jobs back to the United States of America, it’s something that we as House Democrats are committed to doing, building upon the work that was done in the prior administration. But these ham-handed tariffs done in such a over-the-top fashion is not strategic. Nothing that Donald Trump and Elon Musk and the administration have been doing over the last 70-plus days is strategic. It’s chaos. It’s crisis. It’s confusion. There’s a lot of corruption wrapped up into it and it’s causing great harm. They are crashing the economy in real time here in the United States of America.

    ANDERSON COOPER: It’s not really a surprise he’s done this. This is what he ran on. Though the details obviously were kind of open ended until they were revealed today. Do you think that this is in any way just a negotiation tactic that, you know, essentially we heard from the Treasury Secretary, his advice to countries—all the countries of the world essentially is sit back, relax and take this and just let’s see how, you know, just take it for a while, take it in and, you know, just breathe deep.

    LEADER JEFFRIES: They seem to want other countries in the world to behave like House and Senate Republicans who are just sitting back and taking it—orders from Donald Trump and Elon Musk. Not my expectation that you’re going to see countries around the world do that. And it’s unfortunate because there is an opportunity to work together in a manner that is designed to improve the economy. Listen, on the campaign trail, Donald Trump promised pretty much every day that he was on the campaign trail, that he’s going to lower the high cost of living in America. America right now is too expensive for everyday Americans, for hardworking American taxpayers, for young people. We have to do better. This is the wealthiest country in the history of the world, and we should not have a situation where people are struggling to live day to day, paycheck to paycheck, can’t get ahead and can barely get by. But what Donald Trump is doing through his mismanagement of the economy is actually making things worse, when he promised to make things better.

    ANDERSON COOPER: The Senate voted 51 to 48 tonight to adopt a resolution aimed at blocking the proposed tariff on Canadian imports. Four Republicans, I mentioned, crossing the line to vote with Democrats. That’s not expected to go anywhere. Realistically, what can Democrats do to fight against this?

    LEADER JEFFRIES: Well, we have to continue to raise the public pressure so that the public is aware of the reckless nature of these Trump economic policies to hopefully give House Republicans some backbone as it relates to doing what is in the best interest of their constituents. I‘m thankful for what was done in the United States Senate. There was bipartisan support, and there would be bipartisan support in the House if congressional leadership were willing to allow the bill to be voted in an up or down fashion in the House. But we don’t expect that because House Republican leaders are basically taking orders from Donald Trump and Elon Musk. They don’t work for the American people. And that’s that’s shameful.

    ANDERSON COOPER: Leader Hakeem Jeffries, I appreciate your time. Thank you very much.

    Full interview can be watched here. 

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    MIL OSI USA News –

  • MIL-OSI China: Spring tourism boosts consumption across China

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

    Spring is in the air when flowers bloom, tea leaves unfurl, travelers flock to gardens, orchards, and rolling hills to embrace the season’s warmth. From scenic strolls to hands-on harvests, the joy of spring spills into markets and villages, fueling tourism, cultural experiences, and rural revitalization.

    The pulse of a flourishing economy in spring is captured through the laughter of visitors, the rustle of blooming flowers, the influx of vehicles with out-of-town plates, and the hustle and bustle of vendors.

    Visitors take photos in Zhaoxing Dong Village of Liping County, Qiandongnan Miao and Dong Autonomous Prefecture, southwest China’s Guizhou Province, March 17, 2025.  [Photo/Xinhua]
    Tourists enjoy blooming cole flowers by a sightseeing train in Jiangling scenic spot of Wuyuan County, Shangrao City, east China’s Jiangxi Province, March 23, 2025. [Photo/Xinhua]
    Tourists picks tea leaves at a scenic spot in Wuyi County of Jinhua City, east China’s Zhejiang Province, March 25, 2025. [Photo/Xinhua]
    Visitors experience traditional Chinese makeup during a spring-themed fair in Yuyuan Garden Mall in east China’s Shanghai, March 20, 2025. Combining the spring floral scenery, traditional parades, performances and trendy markets, the fair offers visitors an immersive experience of traditional Chinese culture. [Photo/Xinhua]
    Tourists enjoy leisure time at a coffee manor in Pu’er, southwest China’s Yunnan Province, Jan. 7, 2025. [Photo/Xinhua]
    Tourists enjoy meals amid blossoming flowers in Quchi Township of Wushan County, southwest China’s Chongqing, March 21, 2025. [Photo/Xinhua]
    Tourists select cultural and creative products at a market amid blossoming peach blossom in Hongqiao District of Tianjin, north China, March 15, 2025. [Photo/Xinhua]
    An aerial drone photo taken on March 24, 2025 shows tourists enjoying cole flowers at Qianduo scenic spot in Xinghua, east China’s Jiangsu Province. [Photo/Xinhua]
    Tourists visit a rapeseed flower field in Chating Town of Wangcheng District, Changsha City, central China’s Hunan Province, March 27, 2025. In recent years, Chating Town has actively promoted the industrialization of rapeseed cultivation by planting over 10,000 mu (about 666.67 hectares) of rapeseed. Meanwhile, the town has organized various cultural and tourism activities featuring rapeseed flowers, with an aim of integrating local agriculture and culture into tourism for rural revitalization. [Photo/Xinhua]
    Actors perform an eagle dance, a national intangible cultural heritage, in Taxkorgan Tajik Autonomous County, northwest China’s Xinjiang Uygur Autonomous Region, March 22, 2025. Tajik Autonomous County of Taxkorgan in Xinjiang boasts various intangible cultural heritages. Around Spring Equinox, the fourth solar term in the Chinese lunar calendar which falls on March 20 this year, the county has integrated its landscape resources with its traditional ethnic culture to hold intangible cultural heritage performances and cultural and sports activities, as a way to attract visitors and promote its tourism in spring. [Photo/Xinhua]
    An aerial drone photo taken on March 21, 2025 shows a section of Hainan Coastal Scenic Highway in Qionghai, south China’s Hainan Province. Empowered by Boao Forum for Asia, Qionghai has built an exquisite array of rural clusters and embarked on a road to rural revitalization driven by tourism. [Photo/Xinhua]
    Tourists visit Shaxi Town in Jianchuan County, southwest China’s Yunnan Province, March 17, 2025. Shaxi, a remote township in Jianchuan County, was once an important trading hub for tea, herbs, silk and salt on the ancient Tea Horse Road, a trade route dating back to the Tang Dynasty (618-907). The ancient temples, old alleys and caravansaries of the ancient town are reminders of past glories and attract tourists from around the world. [Photo/Xinhua]
    Tourists take a boat on the Ronghu Lake in Guilin, south China’s Guangxi Zhuang Autonomous Region, March 12, 2025. Guilin, renowned for its breathtaking karst landscape, is one of China’s most iconic destinations. Nestled in the Guangxi Zhuang Autonomous Region, Guilin is celebrated for its stunning natural beauty, with limestone peaks and serene rivers that attract visitors from around the world. Its unique topography and vibrant culture make it a cornerstone of Chinese tourism. Guilin’s scenic wonders, including the famous Lijiang River and Elephant Trunk Hill, highlight the city’s cultural significance and status as a must-visit location for nature lovers and travelers alike. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI Economics: Build Back Better: Central Sulawei’s Journey of Recovery (Part I)

    Source: Asia Development Bank

    Transcript

    Build Back Better: Central Sulawesi’s Journey of Recovery (Part I)

    In September 2018, a powerful 7.4 magnitude earthquake struck Central Sulawesi, triggering tsunami, landslides, and liquefaction.

    Thousands of lives were lost, and critical transport infrastructure were damaged.

    In June 2019, the Asian Development Bank (ADB) approved the $297.75 million Emergency Assistance for Rehabilitation and Reconstruction Project.

    Supported by the Australian Department of Foreign Affairs and Internasional Trade, the project aims to rebuild key public works and transport infrastructure.

    Sumarno, Head Department of Transportation Central Sulawesi Province
    After the earthquake, tsunami, and liquefaction, the economic impact has been severe. 
    Ports, airports, and other infrastructure are in a state of disrepair, causing significant disruptions to economic activity.Following the recovery efforts, economic factors have picked up, encouraging people to engage in various activities around the port and Palu City.

    The project rehabilitated and reconstructed three ports and an airport to disaster-resilient standards with gender responsive and inclusive features.

    Donggala Port, which serves both passengers and cargo, projected to become a key logistics and passenger hub in Indonesia’s eastern region.

    Wani Port is a multipurpose port that supports agriculture, livestock transport, and government ships.

    Meanwhile, Pantoloan Port is an important gateway for the economy in Donggala and Central Sulawesi, handling various types of cargo and passenger ships.

    Mutiara Sis Al Jufri Airport, the largest in Central Sulawesi, is the main gateway to Palu and its surrounding areas.

    Yandi Hermawan, Branch Manager PT Dharma Lautan Utama Palu Branch 
    Compared to the old terminal, our passengers are very enthusiastic about the new Donggala Port terminal. The facilities are quite comprehensive, including air-conditioned rooms and seating area. Our passengers have also shown greater comfort at the Donggala passenger terminal.

    Alexander Allokendek, Head Palu Bay Port Authority 
    When it was built, we set a standard that accessibility for disabilities is crucial. In Donggala Port, we have tracking systems and accessible toilets, as well as proper signage. We also assist passengers all the way to the ship and back.

    Rudi Richardo, Airport Head Mutiara Sis Al Jufri Airport 
    Regarding gender aspects, such as nursery areas and others, these remain a focus in the rehabilitation and reconstruction project. For the disability aspect, this has already been implemented at the airport, enabling persons with disabilities to carry out their activities independently.

    Elias Katapi, Traveler with Disability
    As a person with visual impairments, there are now tactile blocks that allow us to navigate independently.

    Irmansyah, Traveler with Disability
    Before the renovation, there was no access at all for wheelchair users inside the toilet; the door was too narrow, so it was impossible to use a wheelchair. Now, it is more accessible, allowing wheelchair users to move freely from the entrance to the inside.

    With strong collaboration between the Ministry of Transportation and the local government, the project became fully operational in 2024.

    Former President Joko Widodo inaugurated several of them that same year.

    The project’s implementation follows ADB safeguards to ensure compliance with social and environmental impact standards.

    Idrus, Shop Owner Donggala Port
    When there was a plan for port construction, we were invited by the local government for relocation, and we also had several meetings with AECOM, so the relocation process went smoothly.

    Twenty-nine affected shop owners in the port area were relocated to the nearby temporary sites to continue their businesses.

    The affected shop owners will move to the permanent relocation site in front of the constructed Donggala Port in early 2025.

    For airport rehabilitation, tenants relocated to temporary sites have been returned to the terminal to continue their business.

    Cici, Shop Manager Mutiara Sis Al Jufri Airport
    Currently, everyone who was relocated has returned to their respective cafeterias upstairs. Because the air is cool inside, the place gets a lot of customers. During the relocation process,the cafeteria sellers were also given consultations by the airport authorities to ensure everything went smoothly.

    Both temporary sites in Donggala Port and Mutiara Sis Al Jufri Airport were completed with associated facilities: electricity, water, and disposal.

    The rehabilitation and reconstruction of these key transportation infrastructure symbolize recovery.

    It highlights the power of collaboration and commitment.

    Together, we are not just recovering; we are building stronger, more inclusive features.

    We are building back better. 

    MIL OSI Economics –

  • MIL-OSI USA: Congressman Carter Statement on the Trump Tax and Its Impact on Louisiana’s Second Congressional District

    Source: United States House of Representatives – Congressman Troy A. Carter Sr. (LA-02)

    WASHINGTON, D.C. – Today, Congressman Troy A. Carter, Sr. (D-LA) released the following statement:

    “In Louisiana’s Second Congressional District, we know the value of hard work—and we know when we’re being taken for granted. From New Orleans to Baton Rouge, from the River Parishes to the West Bank, families and small businesses will be paying more for everyday goods. And while some call it inflation, let’s be honest: this is the Trump Tax.

    “When Donald Trump imposes tariffs, he isn’t taxing foreign governments—he’s taxing us. Prices will go up on goods we rely on: clothing, food, appliances, and construction materials. Our port workers, truck drivers, shipbuilders, and small business owners will all feel the sting of these costs passed down from Washington.

    “The Trump Tax will hit our district hard. We are home to major shipping corridors, import/export businesses, manufacturing plants, and a vibrant hospitality industry—all sectors impacted by increased costs under Trump’s tariff policies. When the price of goods goes up, it doesn’t just hurt the consumer—it hurts the economy of the entire district.

    “Trump is raising taxes on working people in the 2nd District while giving billionaires and big corporations massive tax breaks. That’s not leadership—that’s a betrayal of the people who keep this country running.

    “I will continue to fight for economic justice, to lower costs, and to hold those accountable who are raising taxes on working families while calling it something else. In Louisiana’s Second District, we know a bad deal when we see one. And the Trump Tax is a bad deal for all of us.”

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    MIL OSI USA News –

  • MIL-OSI USA: Cantwell Statement on Major Trump Tariff Announcement

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    04.02.25

    Cantwell Statement on Major Trump Tariff Announcement

    Auto tariffs could increase car prices by up to $15,000 – the Port of Vancouver, WA is the largest importer of Subarus in the U.S.

    WASHINGTON, D.C. – Today, President Donald Trump announced a “National Economic Emergency,” and signed an executive order declaring a 10% minimum baseline tariff on all countries as well as additional tariffs on nearly 60 countries. The baseline tariff will go into effect April 5 and additional reciprocal tariffs will go into effect April 9. Also included in today’s announcement, Trump reiterated his intention to impose a 25% tariff on all imported automobiles starting at 12AM on April 3. U.S. Senator Maria Cantwell, ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, released the following statement:

    “As a representative of one of the most trade dependent economies in America, I disagree with President Trump’s tariffs. His announcement today will hurt sectors we care about: agriculture, manufacturing, and tech,” Sen. Cantwell said. “And ultimately, consumers will pay the price. It’s time for Congress to take action to counter the president’s trade war.”

    Trump’s reciprocal tariffs set to take effect April 9 include:

    • China – 34% 
    • EU – 20%  
    • Vietnam – 46% 
    • Taiwan – 32% 
    • Thailand –36% 
    • Indonesia – 32% 
    • Switzerland – 31% 
    • India – 26% 
    • South Korea – 25% 
    • Japan – 24% 
    • Malaysia – 24% 
    • Israel – 17%  
    • Cambodia – 49%

    In Washington state, two out of every five jobs are tied to trade and trade-related industries. 

    Today’s announcement is in addition to previous tariffs President Trump announced over the past few weeks, including on goods from Mexico, Canada, and China.  More information about how those tariffs will affect consumers and businesses in the State of Washington can be found HERE.  

    Those tariffs will also have significant impacts nationwide:

    • A 25% tariff on all Canadian and Mexican goods would add an estimated $144 billion a year to the cost of manufacturing in the United States.
    • Tariffs on Canada and Mexico could increase U.S. car prices by as much as $15,000.
    • According to the Yale Budget Lab, Trump’s proposed tariffs would result in the highest U.S. effective tariff rate in more than 80 years, and depending on the level of retaliation by other trading partners, will result in increased costs of between $1,600 and $2,000 per household. According to their analysis, food, clothing, cars, and electronics will all see above-average price increases.

    The tariffs could also impact West Coast ports that import automobiles, such as the Port of Vancouver, WA, which is the largest gateway for Subaru imports in the country. In 2023, 98,000 Subarus came through the Port of Vancouver.

    Last month, Sen. Cantwell joined the Washington Council of International Trade for a Q&A session on the whiplash caused by the administration’s chaotic tariff policies – and how they particularly harm the Pacific Northwest, which is among the most trade-dependent regions in the country. Sen. Cantwell said that the current administration’s approach to trade focuses on punitive tariffs, even with America’s largest trading partners and closest allies, as opposed to innovation and alliance-building. That ethos is fundamentally at odds with how the Pacific Northwest has historically built its trade-oriented economy.

    Sen. Cantwell has remained a steadfast supporter of increased trade to grow the economy and keep prices in check in the State of Washington and nationwide. Sen. Cantwell was the leading voice in negotiations to end India’s 20% retaliatory tariff on American apples, which was imposed in response to tariffs on steel and aluminum and devastated Washington state’s apple exports. India had once been the second-largest export market for American apples, but after President Trump imposed tariffs on steel and aluminum in his first term, India imposed retaliatory tariffs in response and U.S. apple exports plummeted. The impact on Washington apple growers was severe: Apple exports from the state dropped from $120 million in 2017 to less than $1 million by 2023.  In September 2023, following several years of Sen. Cantwell’s advocacy, India ended its retaliatory tariffs on apples and pulse crops which was welcome news to the state’s more than 1,400 apple growers and the 68,000-plus workers they support.

    For the past three months, President Trump has been sowing economic chaos across the country with unpredictable and ever-changing tariff announcements. His back-and-forth announcements and actions, which have whipsawed American businesses and consumers, as well as close neighbors and allies, include:

    • On January 31 — citing punishment for failing to crack down on fentanyl trafficking — the Trump administration announced plans to impose a 25% tax on many goods imported into the U.S. from Canada and Mexico and a 10% tax on goods imported from China, then abruptly postponed those tariffs.
    • Last month, he doubled down, announcing an additional 25% tax on all steel and aluminum imports.
    • At 12:01 a.m. ET on March 4, President Trump’s long-promised 25% tariffs on goods from Mexico and Canada and 10% tariff increase on goods from China took effect, causing stock prices in the United States to plummet.
    • Then, on March 5, he announced that automobiles from Canada and Mexico would be exempt from his tariffs for one month.
    • The morning of March 6, he announced that he would suspend the tariffs for some products from Mexico. Then, later that same afternoon, he announced he was suspending most new tariffs on products from both Mexico and Canada until April 2.
    • On March 11, Trump threatened to double tariffs on Canadian steel and aluminum – increasing them to 50% – before reversing himself later the same day.
    • On March 13, he threatened 200% tariffs on alcoholic products from the European Union, including all wine and Champagne.
    • On March 27, he announced plans to impose a 25% tax on all imported sedans, SUVs, crossovers, minivans, cargo vans, and light trucks, as well as some auto parts, beginning on April 2.
    • On March 29, President Trump said, “I couldn’t care less,” if automakers raise the price of cars in response to his tariffs.

    MIL OSI USA News –

  • MIL-OSI USA: Thompson, Davis, Bresnahan, and Panetta Introduce Simplifying Veterans Assistance Act

    Source: United States House of Representatives – Congressman Glenn Thompson (5th District Pennsylvania)

    WASHINGTON, D.C. – U.S. Representatives Glenn “GT” Thompson (PA-15), Don Davis (NC-01), Rob Bresnahan (PA-08), and Jimmy Panetta (CA-19) today introduced the Simplifying Veterans Assistance Act to address complications with the Department of Veterans Affairs (VA) Grant and Per Diem (GPD) program application process.
     
    The VA GPD program provides funding to community organizations that offer transitional housing and supportive services to homeless veterans. This program has helped countless veterans across the country achieve financial and housing stability, ultimately leading to self-determination and independence. Unfortunately, many community organizations serving homeless veteran populations are unable to access this program due to a complicated application process, unnecessary bureaucratic red tape, and a lack of communication from the VA.
     
    The Simplifying Veterans Assistance Act will direct the VA to provide guidance and best practices for entities applying for grants through the GPD program. The bill also ensures the VA provides at least two informational sessions so that eligible organizations can better understand the application process, ask questions, and receive additional support directly from VA staff.
     
    “We must equip organizations serving veterans with the tools they need to assist veterans experiencing homelessness,” Rep Thompson said. “This bipartisan legislation guarantees the VA will communicate with organizations in our communities so they can better serve our veterans. By providing clear guidance, we can ensure that no veteran is left behind due to bureaucratic obstacles.”

    “Community agencies dedicated to caring for homeless veterans should not be hindered from assisting them by difficult grant processes,” Rep. Bresnahan said. “These groups provide shelter and support for our nation’s heroes, and they deserve the same access to grants and resources as any other organization, regardless of their experience with per diem grants or whether they can afford a grants writer. I thank my colleague, Rep. Thompson, for calling attention to this issue and for providing a solution for veterans and the community agencies they depend on.”

    “No veteran who sacrificed for our nation should be without a roof over their head,” Rep. Davis said. “We must ensure that our homeless veteran centers, which play a crucial role in providing shelter to our veterans, have the resources they need to receive these grants.”

    “Many community organizations that support homeless veterans rely on VA grants but struggle with the application process due to a lack of resources,” said Rep. Panetta.  “Our legislation will make the VA’s Grant and Per Diem Program more accessible by providing critical guidance and training, so these organizations can focus on what matters most, helping veterans get back on their feet.  Our nation’s commitment to veterans must include ensuring that those who serve them have the tools they need to succeed.”

    This bill is supported by the National Coalition for Homeless Veterans and the National Alliance to End Homelessness.

     
    Click HERE to read the full text of the bill. 
     

    MIL OSI USA News –

  • MIL-OSI USA: Boyle Statement on Trump’s Illegal Order to Dismantle the Department of Education

    Source: United States House of Representatives – Congressman Brendan Boyle (13th District of Pennsylvania)

    PHILADELPHIA, PA – Congressman Brendan F. Boyle (PA-02), Ranking Member of the House Budget Committee, released the following statement after Donald Trump announced he will sign an illegal order dismantling the Department of Education:

    “Donald Trump’s illegal executive order dismantling the Department of Education is a reckless assault on America’s children and middle-class families. Republicans claim this move promotes government efficiency and savings, yet simultaneously push a $4.5 trillion giveaway to billionaires like Elon Musk. Cutting critical educational resources for children while pushing handouts for the ultra-wealthy isn’t just irresponsible — it’s unconscionable.

    Dismantling the Department of Education would increase education costs for middle-class families already struggling financially. It would threaten teachers’ jobs, worsen classroom overcrowding, and reduce essential school services nationwide. If Republicans succeed, their plans would strip away protections for students with disabilities and limit access to college and vocational training by eliminating Pell Grants and critical career education programs.

    House Democrats stand united — in Congress and in the courts — to oppose this damaging agenda and defend public education for every child, regardless of their zip code.”

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Reps. Smucker and Mackenzie Introduce Bill to Expand Access to Online Workforce Training

    Source: United States House of Representatives – Representative Lloyd Smucker (PA-16)

    WASHINGTON-Rep. Lloyd Smucker (PA-11) and Rep. Ryan Mackenzie (PA-07) are working to make federal workforce development programs more accessible to individuals seeking flexible online training and upskilling opportunities. Smucker, a senior member of the Ways and Means Committee, and Mackenzie, a member of the Committee on Education and the Workforce, have introduced the Ensuring Opportunities in Online Training Act.

    The bill would allow online training providers to qualify as eligible training providers under federal workforce development programs funded by the Workforce Innovation and Opportunity Act (WIOA). Although WIOA does not explicitly exclude online providers, many states currently require a physical presence for eligibility—effectively limiting access to online training options.

    The new legislation would require online providers to meet the same quality standards as in-person programs and would also remove state-level barriers, allowing qualified online training programs to serve students nationwide. 

    “Individuals looking to better themselves through federal workforce training programs should have access to high-quality training programs, no matter how they are provided. In the twenty-first century we cannot allow outdated and arbitrary regulations to prevent Americans from developing new skills, seek new opportunities, and live their American Dream. I thank Rep. Mackenzie for joining me in introducing this legislation and urge all our colleagues to support this commonsense measure,” said Rep. Lloyd Smucker (PA-11). 

    “Ensuring access to high-quality workforce development programs is essential for both workers and employers,” said Congressman Mackenzie (PA-07). “That’s why it’s important that workers be able to participate in these programs in a way that is both accessible and convenient. By expanding access to online workforce development training, the Ensuring Opportunities in Online Training Act will better equip American workers to fulfill the needs of our evolving economy.”

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    MIL OSI USA News –

  • MIL-OSI China: Trump signs executive order on ‘reciprocal tariffs’ amid widespread opposition

    Source: China State Council Information Office

    Amid widespread opposition, U.S. President Donald Trump on Wednesday signed an executive order on the so-called “reciprocal tariffs,” imposing a 10-percent “minimum baseline tariff” and higher rates on certain trading partners.

    All imports would be subject to 10 percent additional tariffs, except as otherwise provided, the executive order said. This will take effect on April 5.

    Trump will impose an “individualized reciprocal higher tariff” on the countries and regions with which the United States “has the largest trade deficits,” according to a White House document. This will take effect on April 9.

    In his speech at the White House Rose Garden, Trump presented a chart on “reciprocal tariffs.” The chart shows that different countries and regions face different tariff rates.

    For example, China will face a 34-percent tariff, the European Union 20 percent, Vietnam 46 percent, Japan 24 percent, India 26 percent, South Korea 25 percent, Thailand 36 percent, Switzerland 31 percent, Indonesia 32 percent, Malaysia 24 percent, and Cambodia 49 percent.

    Some goods will not be subject to the reciprocal tariff, including steel and aluminum, as well autos and auto parts already subject to Section 232 tariffs, copper, pharmaceuticals, semiconductors, and lumber, the White House noted.

    Despite Trump’s claim that higher tariffs will help bring in revenue for the government and revitalize U.S. manufacturing, economists have warned that such measures will push up prices for U.S. consumers and businesses, disrupt global trade, and hurt global economy. 

    MIL OSI China News –

  • MIL-OSI China: African fashion brands debut at Shanghai Fashion Week, eyeing Chinese market

    Source: China State Council Information Office

    South African designer Jessica Jane (R) and her husband, Wandile Molebatsi, co-founders of South African fashion brand Molebatsi, display their collections at the trade exhibition MODE during Shanghai Fashion Week in east China’s Shanghai, March 25, 2025. [PhotoXinhua]

    At the ongoing 2025 Autumn/Winter Shanghai Fashion Week, 22 African fashion brands made their debut, aiming to break into the Chinese and broader Asian markets while highlighting the appeal of China’s burgeoning “debut economy.”

    Models walked the runway in Shanghai, presenting the latest collections from African designer brands, from handmade weaving to natural dyeing and environmentally friendly techniques.

    Themed “Innovascape,” the fashion extravaganza took place from March 25 to April 1, showcasing nearly 100 runway shows and about 1,000 brands in exhibitions.

    Hannah Ryder, CEO of Development Reimagined, brought 22 African designer brands from 12 countries to Shanghai Fashion Week, giving them the opportunity to connect with global buyers and retailers at the trade exhibition MODE.

    “This is the first time that African designers have come to China as a group, and I think our main message for the Chinese market is that African fashion brands are ready to enter China,” said Ryder, noting that African designer brands have immense potential in terms of creativity and sustainability and can offer something truly unique to the Chinese market.

    “Shanghai Fashion Week is one of the top fashion weeks in the world,” Ryder said, adding that this is not only an opportunity to showcase African creativity and culture but also an excellent chance to establish connections and expand business cooperation with the Chinese fashion industry, and even the rest of Asia, including Southeast Asia, Japan and the Republic of Korea.

    She noted that while African clothing is often associated with beautiful patterns and vibrant colors, African designer brands feature a much more diverse range of design languages and aesthetics.

    Ryder explained that while some of the brands have already entered the European market, they are still new to China and will use the exhibition and runway shows to introduce themselves, alongside launching select new collections on Chinese e-commerce platforms as a “test drive.”

    A Chinese-style buckle and double-breasted design, featuring cuffs inspired by Hanfu yet reimagined with African geometric patterns, is paired with fabric adorned with scenes of local South African tribes. This striking ensemble is one of the latest creations from the South African fashion brand Molebatsi.

    South African designer Jessica Jane and her husband, Wandile Molebatsi, co-founded the brand. In 2023, Jane made a special trip to central China’s Hunan Province to attend the China-Africa Economic and Trade Expo, followed by a visit to Beijing.

    During her 10-day trip to China, Jane saw traditional Chinese clothing, such as Hanfu and horse-faced skirts, for the first time. “China’s long history and traditional culture fascinated me,” she said. After the trip, she began brainstorming ways to combine elements of traditional Chinese clothing with traditional African clothing, ultimately bringing the new products back to China.

    “It’s an incredibly exciting opportunity because there are so many collaborations and mutually beneficial relationships between Africa and China,” said Wandile Molebatsi. “There’s a huge amount of opportunity for Africans here in China, and it’s very exciting.”

    Aristide Loua, from Cote d’Ivoire, is new to the Chinese market. Through pre-promotion activities at Shanghai Fashion Week, he received cooperation invitations and engaged in in-depth negotiations with numerous buyers. “I will formulate a plan for entering the Chinese market based on their feedback,” Loua said.

    “As we witness African designers showcasing their work at one of the world’s most influential fashion weeks, we are taking an essential step toward a more inclusive and diverse global fashion industry. Through continued collaboration, investment, and market access, African brands can carve out their space in the Chinese market — not as a niche, but as a mainstream force,” said Phuti Tsipa, Consul General of South Africa in Shanghai.

    Raphael Deray, a buyer from Printemps in Paris, went straight from the airport to the MODE exhibition to meet with designers from China, Africa, Japan, the Republic of Korea, and other places.

    “My expectations are quite high to find good designers and good products during Shanghai Fashion Week because I know China has a lot of potential. It is a big market for fashion,” Raphael Deray said.

    “As a trendsetter in the Asian fashion industry, Shanghai Fashion Week is an amplifier of innovative fashion. We will create a gateway for international brands to engage with the Chinese market through a more open and inclusive approach and foster a new fashion ecosystem that spans from Chinese design to global resonance,” said Tong Jisheng, director of the Shanghai Fashion Week organizing committee.

    Recently, the “debut economy” has emerged as a key driver of consumption in China. This concept encompasses product launches, flagship store openings, new service rollouts, and the development of innovative business models and technologies.

    Liu Min, deputy director of the Shanghai Municipal Commission of Commerce, said that the “debut economy” is an important measure to expand domestic demand and boost consumption.

    Shanghai has enhanced policy support across multiple areas, including exhibition support, streamlined customs clearance, and financial incentives. These measures have further optimized the launch environment for global new products and provided stronger service guarantees for both domestic and international brands introducing new products in the city.

    “We hope more brands will establish a long-term presence in Shanghai, starting with a first launch or debut show, followed by the opening of flagship stores, and ultimately establishing headquarters here to expand globally,” she added.

    MIL OSI China News –

  • MIL-OSI USA: Reed Opposes Trump’s Tariffs That Would Raise Costs on RIers & Negatively Impact Families, Farmers, and U.S. Businesses Nationwide

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed
    WASHINGTON, DC –Today, President Trump announced he is imposing new tariff taxes on all countries that could raise prices significantly on every item Americans buy. 
    U.S. Senator Jack Reed says Trump’s tariffs are a costly and inefficient ‘national sales tax’ that is directly paid for by U.S. consumers while also reducing profits for many American small businesses.  Today, Reed stated:
    “President Trump’s blanket tariffs will smother economic growth and make goods more expensive for Rhode Islanders.
    “From groceries and clothes to cars and homes, President Trump’s tariffs are contributing to higher prices for everyday Americans. He is stoking uncertainty, inflation, and the cost of living.  And it’s not just families, Rhode Island manufacturers are sure to see a tariff hit on raw materials and parts they need for their operations.  Similar impacts could hit operations at the Port of Davisville. 
    “Hardworking families will be left paying the price for Trump’s tariffs when what they really need the White House to do is help lower prices.  President Trump’s policies will force Americans to pay more for the same goods and they will have less money to save or spend elsewhere. 
    “The U.S. economy is not as strong as it should be because of President Trump’s chaotic, myopic approach to tariffs that punish both U.S. consumers and some of our strongest and most reliable allies. 
    “The President needs to step back from the tariff brink and start acting in a more strategic and straightforward manner that will stabilize our economy instead of destabilizing it.”

    MIL OSI USA News –

  • MIL-OSI Global: New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest

    Source: The Conversation – Global Perspectives – By Niven Winchester, Professor of Economics, Auckland University of Technology

    Getty Images

    We now have a clearer picture of Donald Trump’s “Liberation Day” tariffs and how they will affect other trading nations, including the United States itself.

    The US administration claims these tariffs on imports will reduce the US trade deficit and address what it views as unfair and non-reciprocal trade practices. Trump said this would

    forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed.

    The “reciprocal” tariffs are designed to impose charges on other countries equivalent to half the costs they supposedly inflict on US exporters through tariffs, currency manipulation and non-tariff barriers levied on US goods.

    Each nation received a tariff number that will apply to most goods. Notable sectors exempt include steel, aluminium and motor vehicles, which are already subject to new tariffs.

    The minimum baseline tariff for each country is 10%. But many countries received higher numbers, including Vietnam (46%), Thailand (36%), China (34%), Indonesia (32%), Taiwan (32%) and Switzerland (31%).

    The tariff number for China is in addition to an existing 20% tariff, so the total tariff applied to Chinese imports is 54%. Countries assigned 10% tariffs include Australia, New Zealand and the United Kingdom.

    Canada and Mexico are exempt from the reciprocal tariffs, for now, but goods from those nations are subject to a 25% tariff under a separate executive order.

    Although some countries do charge higher tariffs on US goods than the US imposes on their exports, and the “Liberation Day” tariffs are allegedly only half the full reciprocal rate, the calculations behind them are open to challenge.

    For example, non-tariff measures are notoriously difficult to estimate and “subject to much uncertainty”, according to one recent study.

    GDP impacts with retaliation

    Other countries are now likely to respond with retaliatory tariffs on US imports. Canada (the largest destination for US exports), the EU and China have all said they will respond in kind.

    To estimate the impacts of this tit-for-tat trade standoff, I use a global model of the production, trade and consumption of goods and services. Similar simulation tools – known as “computable general equilibrium models” – are widely used by governments, academics and consultancies to evaluate policy changes.

    The first model simulates a scenario in which the US imposes reciprocal and other new tariffs, and other countries respond with equivalent tariffs on US goods. Estimated changes in GDP due to US reciprocal tariffs and retaliatory tariffs by other nations are shown in the table below.

    The tariffs decrease US GDP by US$438.4 billion (1.45%). Divided among the nation’s 126 million households, GDP per household decreases by $3,487 per year. That is larger than the corresponding decreases in any other country. (All figures are in US dollars.)

    Proportional GDP decreases are largest in Mexico (2.24%) and Canada (1.65%) as these nations ship more than 75% of their exports to the US. Mexican households are worse off by $1,192 per year and Canadian households by $2,467.

    Other nations that experience relatively large decreases in GDP include Vietnam (0.99%) and Switzerland (0.32%).

    Some nations gain from the trade war. Typically, these face relatively low US tariffs (and consequently also impose relatively low tariffs on US goods). New Zealand (0.29%) and Brazil (0.28%) experience the largest increases in GDP. New Zealand households are better off by $397 per year.

    Aggregate GDP for the rest of the world (all nations except the US) decreases by $62 billion.

    At the global level, GDP decreases by $500 billion (0.43%). This result confirms the well-known rule that trade wars shrink the global economy.

    GDP impacts without retaliation

    In the second scenario, the modelling depicts what happens if other nations do not react to the US tariffs. The changes in the GDP of selected countries are presented in the table below.

    Countries that face relatively high US tariffs and ship a large proportion of their exports to the US experience the largest proportional decreases in GDP. These include Canada, Mexico, Vietnam, Thailand, Taiwan, Switzerland, South Korea and China.

    Countries that face relatively low new tariffs gain, with the UK experiencing the largest GDP increase.

    The tariffs decrease US GDP by $149 billion (0.49%) because the tariffs increase production costs and consumer prices in the US.

    Aggregate GDP for the rest of the world decreases by $155 billion, more than twice the corresponding decrease when there was retaliation. This indicates that the rest of the world can reduce losses by retaliating. At the same time, retaliation leads to a worse outcome for the US.

    Previous tariff announcements by the Trump administration dropped sand into the cogs of international trade. The reciprocal tariffs throw a spanner into the works. Ultimately, the US may face the largest damages.

    Niven Winchester has previously received funding from the Productivity Commission and the Ministry of Foreign Affairs and Trade to estimate the impacts of potential trade policies. He is affiliated with Motu Economic & Public Policy Research.

    – ref. New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest – https://theconversation.com/new-modelling-reveals-full-impact-of-trumps-liberation-day-tariffs-with-the-us-hit-hardest-253320

    MIL OSI – Global Reports –

  • MIL-OSI USA: Congressional Ukraine Caucus Co-Chairs Lead Bipartisan, Bicameral Push For Hard-Hitting Russia Sanctions

    Source: United States House of Representatives – Congresswoman Marcy Kaptur (OH-09)

    Washington, DC — Today, the Co-Chairs of the Congressional Ukraine Caucus — Representatives Marcy Kaptur (OH-09), Brian Fitzpatrick (PA-01), Mike Quigley (IL-05), Joe Wilson and (SC-02) introduced sweeping sanctions targeting Russia and any nation or actor complicit in sustaining its brutal war of aggression against Ukraine. Companion legislation was introduced in the Senate by Senators Richard Blumenthal (D-CT), Lindsay Graham (R-SC), and a group of 48 bipartisan Senators.

    As a consequence of Putin’s continued, unbridled aggression against Ukraine, this legislation implements expansive sanctions on the Russian Federation’s government officials, as well as individuals, financial institutions, and other entities affiliated with or owned by the Putin regime. These sanctions shall be put in place if the Russian Federation continues to refuse to engage in good-faith negotiations for a just and lasting peace, or if it launches any further military operations that compromise Ukrainian sovereignty. Additionally, it enacts a bold 500 percent tariff on all imports to the United States from the Russian Federation, as well as from any countries that continue to fund Putin’s war machine by purchasing Russian-origin oil, uranium, or petroleum products.

    The sanctions package is designed to apply maximum pressure on the Kremlin and any enablers of its imperialist ambitions — underscoring that peace cannot be achieved while the Russian Federation continues to bomb Ukraine’s civilian population or while consenting countries continue to bankroll Putin’s regime.

    In a joint statement, the Co-Chairs said:

    “Democracy is strongest when we stand together to defend it. This legislation reflects a unified commitment — Republicans and Democrats, House and Senate — aligned in purpose to defend democracy, uphold national sovereignty, and confront the forces of tyranny that seek to destroy both.

    “Russia’s continued aggression against Ukraine is not just a threat to one country’s borders — it is a direct challenge to the values we hold dear: freedom, self-determination, and the rule of law over the rule of force. Should Russia reject diplomacy and pursue further violence, the consequences will be swift and severe. And to those nations still financing Putin’s war by importing Russian oil, gas, uranium, or other commodities — this legislation makes clear: complicity comes at a cost.

    “These sanctions are not symbolic — they are a demonstration of principles in action. They send a clear message that when democracies are under siege, the United States will respond — not with hesitation, but with purpose.

    “We support not a pause, but an end to Russia’s attack on Ukraine and a path toward a lasting, just peace. A peace rooted in Ukraine’s sovereignty, that honors the sacrifices of its people and affirms their right to shape their own future.

    “We have been here before. In 1994, Ukraine gave up the third-largest nuclear arsenal in the world in exchange for security guarantees that were ultimately broken. In 2014 and 2015, peace accords were signed — and shattered. Each time, the price was paid by the innocent.

    “We cannot allow history to repeat itself. The world is watching how we respond — and this time, our response must be unmistakable.

    “Peace through strength is not just a guiding principle — it is a responsibility. And we stand ready to uphold it.”

    You can find the full text of the legislation by clicking here. 

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: Bonamici, Titus Urge Trump to Not Eliminate Support for Museums and Libraries

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

    Congresswomen Suzanne Bonamici and Dina Titus led 127 members of the House of Representatives in urging President Trump to reconsider his executive order dismantling the Institute of Museum and Library Services.

    “Libraries and museums are critical to local communities, providing educational and other services to people of all ages and backgrounds,” said Congresswoman Suzanne Bonamici. “The proposal to eliminate the Institute of Museum and Library Services is unacceptable. I’ve heard from many Oregonians and local institutions with grave concerns about losing this necessary stream of funding. Closing IMLS will hurt the American people for years to come, and we will fight every step of the way to save it.”

    “Eliminating the IMLS would deprive millions of Americans of the educational resources they need to succeed in today’s society,” Congresswoman Titus said. “Libraries and museums are part of the cultural bedrock of this nation, driving learning, innovation, and community engagement. We should be enhancing museum and library services — not decimating them.”

    The full text of the letter to President Trump is as follows:

    We write to express our deep concern over the proposed elimination of the Institute of Museum and Library Services (IMLS) and the devastating impact such cuts would have on communities throughout the country. 

    The IMLS is the only federal agency dedicated to supporting America’s museums and libraries. Operating in all 50 states and U.S. territories, it plays a vital role in strengthening these institutions which serve as essential educational, cultural, and economic pillars in our communities. From early literacy programs and STEM education initiatives to high-speed internet access and job training resources, funding for the IMLS enables libraries and museums to provide critical services to millions of Americans. The loss of this funding would be particularly devastating for rural, tribal, and other underserved communities that rely heavily on these institutions for access to learning resources, workforce development, and technological infrastructure.

    Beyond their valuable contributions to education and social development, museums and libraries also serve as significant economic drivers. The American Alliance of Museums reports that museums alone contribute more than $50 billion to the U.S. economy each year and support over 726,000 jobs. Museums have immense power to draw tourism and foot traffic to other local businesses and revitalize communities. For every $1 that museums and other nonprofit cultural organizations receive in government funding, they return more than $5 in tax revenue. They also have broad public support, with 96% of Americans wanting to maintain or increase federal funding for museums. Libraries similarly generate economic returns through workforce training programs, small business support, and research services. Nearly all of the approximately 17,000 public libraries across the nation offer Wi-Fi access at no charge, and in 2019, Americans accessed the Internet using library computers close to 224 million times.  This includes millions of students who lack adequate broadband access at home and rely on libraries to complete their homework.  Despite this, IMLS funding accounts for a mere 0.0046% of the federal budget, an incredibly modest investment relative to the immense benefits these institutions provide.

    Eliminating the IMLS would not only jeopardize these essential services but also dismiss the everyday needs of millions of Americans who rely on libraries and museums for learning, job opportunities, and community engagement. We urge the Administration to reconsider this decision and recognize the far-reaching impact of IMLS funding. Maintaining and strengthening federal support for museums and libraries is not just an investment in cultural preservation, it is an investment in education, innovation, and economic growth.

    Thank you for your attention to this important matter. We look forward to working with you to ensure that America’s libraries and museums continue to thrive and serve the public.

     

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Kelly joins President Trump at White House for “Make America Wealthy Again” event

    Source: United States House of Representatives – Representative Mike Kelly (R-PA)

    WASHINGTON, D.C. — Today, U.S. Rep. Mike Kelly (R-PA), Chairman of the Ways & Means Subcommittee on Tax, joined President Donald J. Trump and other lawmakers at the White House where the President unveiled new tariffs and economic policies to level the playing field and make American businesses more competitive on the global stage.

    The event, titled “Make America Wealthy Again,” was held in the Rose Garden to commemorate what President Trump has designated as “Liberation Day.”

    “President Trump has made it clear: the America First agenda is focused on creating American jobs and strengthening national security. This is critically important to ensure not only free trade with other nations, but fair trade in this global economy,” said Rep. Kelly.

    On Tuesday, Rep. Kelly, a co-chair of the House Automotive Caucus, joined NewsNation to discuss the importance of auto tariffs, the President’s goal to make more automobiles in the United States, and to rejuvenate the American auto industry.

    BACKGROUND

    The success of tariffs

    • A 2024 study on the effects of President Trump’s tariffs in his first term found that they “strengthened the U.S. economy” and “led to significant reshoring” in industries like manufacturing and steel production.
    • A 2023 report by the U.S. International Trade Commission — which analyzed the effects of President Trump’s Section 232 and 301 tariffs on more than $300 billion of U.S. imports — found the tariffs reduced imports from China, effectively stimulated more U.S. production of the affected goods, and had very minor effects on downstream prices.
    • According to the Economic Policy Institute, the tariffs implemented by President Trump during his first term “clearly show[ed] no correlation with inflation” and had only a fleeting effect on overall prices.
        — Economic Policy Institute: “Following implementation of Sec. 232 measures in 2018—and prior to the global downturn in 2020—U.S. steel output, employment, capital investment, and financial performance all improved. In particular, U.S. steel producers announced plans to invest more than $15.7 billion in new or upgraded steel facilities, creating at least 3,200 direct new jobs, many of which are now poised to come online.”

    Prior to President Trump’s announcement on Wednesday, Israel and Vietnam are among the countries that have dropped their tariffs on the United States.

    MIL OSI USA News –

  • MIL-OSI USA: Kelly, Panetta, Fitzpatrick, Thune, Murphy Reintroduce Bill to Incentivize Healthy Living and Physical Activity

    Source: United States House of Representatives – Representative Mike Kelly (R-PA)

    WASHINGTON, D.C. — Today, U.S. Reps. Mike Kelly (R-Pa.), Jimmy Panetta (D-Calif.), and Brian Fitzpatrick (R-Pa.), and U.S. Sens. John Thune (R-S.D.) and Chris Murphy (D-Conn.), reintroduced the Personal Health Investment Today (PHIT) Act. This bipartisan legislation would encourage physical activity and incentivize healthier living by allowing Americans to use a portion of the money saved in their pre-tax health savings account (HSA) and flexible spending account (FSA) toward qualified sports and fitness purchases, such as gym memberships, fitness equipment, and youth sports league fees.

    “As a former college football player and youth football coach myself, I’ve seen young Americans greatly improve their lives because they were able to join a team and play sports,” said Rep. Kelly. “This bill gives kids, especially those in underserved or low-income communities, a real chance to play the sport of their choice. This isn’t just about athletics: it’s about gaining critical team-building and character-building traits that stay with kids for the rest of their lives.”

    “Too many working families are forced to cut back on healthy activities and lifestyles due to the rising costs of sports leagues, gym memberships, local swimming pools, and more,” said Rep. Panetta. “The PHIT Act provides a practical solution by allowing families to use pre-tax dollars from their HSA and FSA accounts to help pay for fitness expenses. By breaking down financial barriers, we can encourage healthier habits, strengthen our communities, and invest in preventive care that lasts a lifetime.”

    “Preventive health care doesn’t start in the doctor’s office — it starts with daily movement, access to fitness, and the ability to stay active,” said Rep. Fitzpatrick. “The PHIT Act is about making those opportunities more affordable for families by allowing pre-tax health savings to cover fitness expenses like youth sports, gym memberships, and exercise equipment. We’re working to remove cost as a barrier to healthier living and shift our health care system toward one that values prevention, wellness, and long-term results.”

    “For some Americans, certain gym or athletic league membership costs can be prohibitive, keeping them from pursuing healthy habits like exercising or participating in other physical activities,” said Sen. Thune. “The PHIT Act would reduce some of the cost barriers that Americans face when pursuing healthy lifestyles and make it easier and more affordable for folks to stay active throughout their lives. By giving Americans greater flexibility with their HSAs and FSAs, we can empower people to make healthy choices, get active, and hopefully prevent the onset of costly chronic conditions as we work to make America healthy again.”

    “The National Football League (NFL) is pleased to support the PHIT Act, which is sensible, bipartisan legislation that makes participation in youth sports and physical activity more accessible and affordable,” said Brendon Plack, Senior Vice President of Public Policy and Government Affairs at the NFL. “Encouraging America’s youth to adopt active lifestyles and healthy habits has been a cornerstone of the league’s commitment to community, and the PHIT Act helps to further advance that important goal.”

    “Sports, exercise, and recreation are essential to the physical and mental well-being of Americans of all ages,” said Todd Smith, President and CEO of the Sports and Fitness Industry Association (SFIA). “The PHIT Act is a forward-thinking, bipartisan solution that will make these activities more affordable and accessible, helping to build healthier communities and a stronger future for sports and fitness participation. SFIA thanks and supports Senators Thune and Murphy, and Congressmen Kelly and Panetta, for reintroducing this act. As we head into this next decade of once-in-a-generation sporting events taking place in the U.S., we especially look forward to working together to pass the PHIT Act and expand opportunities for all.”

    “Preventative health solutions are more important than ever, and physical activity is a proven, cost-effective way to make Americans healthier,” said Liz Clark, President and CEO of the Health & Fitness Association. “The PHIT Act is a commonsense solution that will make it easier for individuals and families to invest in their health by making fitness more affordable. We applaud Majority Leader Thune and Sen. Murphy, and Congressmen Kelly and Panetta, for their leadership in reintroducing PHIT in the 119th Congress and recognizing the critical role prevention plays in improving public health.”

    “On behalf of the more than 2600 YMCAs who every day help build healthy spirit, minds and bodies for all and strengthen community by connecting people to their potential, purpose and each other, I applaud Representatives Kelly and Panetta and Senators Thune and Murphy for reintroducing the bi-partisan PHIT Act.  This legislation recognizes the chronic disease crisis our nation confronts and prioritizes prevention by providing new financial incentives for individuals and families to better access physical activity, exercise programs and sports in community facilities like the YMCA,” said Jeff Britt, SVP, Chief Government Affairs Officer, YMCA of the USA.

    You can read the full bill here.

    MIL OSI USA News –

  • MIL-Evening Report: New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest

    Source: The Conversation (Au and NZ) – By Niven Winchester, Professor of Economics, Auckland University of Technology

    Getty Images

    We now have a clearer picture of Donald Trump’s “Liberation Day” tariffs and how they will affect other trading nations, including the United States itself.

    The US administration claims these tariffs on imports will reduce the US trade deficit and address what it views as unfair and non-reciprocal trade practices. Trump said this would

    forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed.

    The “reciprocal” tariffs are designed to impose charges on other countries equivalent to half the costs they supposedly inflict on US exporters through tariffs, currency manipulation and non-tariff barriers levied on US goods.

    Each nation received a tariff number that will apply to most goods. Notable sectors exempt include steel, aluminium and motor vehicles, which are already subject to new tariffs.

    The minimum baseline tariff for each country is 10%. But many countries received higher numbers, including Vietnam (46%), Thailand (36%), China (34%), Indonesia (32%), Taiwan (32%) and Switzerland (31%).

    The tariff number for China is in addition to an existing 20% tariff, so the total tariff applied to Chinese imports is 54%. Countries assigned 10% tariffs include Australia, New Zealand and the United Kingdom.

    Canada and Mexico are exempt from the reciprocal tariffs, for now, but goods from those nations are subject to a 25% tariff under a separate executive order.

    Although some countries do charge higher tariffs on US goods than the US imposes on their exports, and the “Liberation Day” tariffs are allegedly only half the full reciprocal rate, the calculations behind them are open to challenge.

    For example, non-tariff measures are notoriously difficult to estimate and “subject to much uncertainty”, according to one recent study.

    GDP impacts with retaliation

    Other countries are now likely to respond with retaliatory tariffs on US imports. Canada (the largest destination for US exports), the EU and China have all said they will respond in kind.

    To estimate the impacts of this tit-for-tat trade standoff, I use a global model of the production, trade and consumption of goods and services. Similar simulation tools – known as “computable general equilibrium models” – are widely used by governments, academics and consultancies to evaluate policy changes.

    The first model simulates a scenario in which the US imposes reciprocal and other new tariffs, and other countries respond with equivalent tariffs on US goods. Estimated changes in GDP due to US reciprocal tariffs and retaliatory tariffs by other nations are shown in the table below.

    The tariffs decrease US GDP by US$438.4 billion (1.45%). Divided among the nation’s 126 million households, GDP per household decreases by $3,487 per year. That is larger than the corresponding decreases in any other country. (All figures are in US dollars.)

    Proportional GDP decreases are largest in Mexico (2.24%) and Canada (1.65%) as these nations ship more than 75% of their exports to the US. Mexican households are worse off by $1,192 per year and Canadian households by $2,467.

    Other nations that experience relatively large decreases in GDP include Vietnam (0.99%) and Switzerland (0.32%).

    Some nations gain from the trade war. Typically, these face relatively low US tariffs (and consequently also impose relatively low tariffs on US goods). New Zealand (0.29%) and Brazil (0.28%) experience the largest increases in GDP. New Zealand households are better off by $397 per year.

    Aggregate GDP for the rest of the world (all nations except the US) decreases by $62 billion.

    At the global level, GDP decreases by $500 billion (0.43%). This result confirms the well-known rule that trade wars shrink the global economy.

    GDP impacts without retaliation

    In the second scenario, the modelling depicts what happens if other nations do not react to the US tariffs. The changes in the GDP of selected countries are presented in the table below.

    Countries that face relatively high US tariffs and ship a large proportion of their exports to the US experience the largest proportional decreases in GDP. These include Canada, Mexico, Vietnam, Thailand, Taiwan, Switzerland, South Korea and China.

    Countries that face relatively low new tariffs gain, with the UK experiencing the largest GDP increase.

    The tariffs decrease US GDP by $149 billion (0.49%) because the tariffs increase production costs and consumer prices in the US.

    Aggregate GDP for the rest of the world decreases by $155 billion, more than twice the corresponding decrease when there was retaliation. This indicates that the rest of the world can reduce losses by retaliating. At the same time, retaliation leads to a worse outcome for the US.

    Previous tariff announcements by the Trump administration dropped sand into the cogs of international trade. The reciprocal tariffs throw a spanner into the works. Ultimately, the US may face the largest damages.

    Niven Winchester has previously received funding from the Productivity Commission and the Ministry of Foreign Affairs and Trade to estimate the impacts of potential trade policies. He is affiliated with Motu Economic & Public Policy Research.

    – ref. New modelling reveals full impact of Trump’s ‘Liberation Day’ tariffs – with the US hit hardest – https://theconversation.com/new-modelling-reveals-full-impact-of-trumps-liberation-day-tariffs-with-the-us-hit-hardest-253320

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Hudson, Issa, Risch Lead Bill to Stop Unfair State Taxes on Firearms

    Source: United States House of Representatives – Representative Richard Hudson (NC-08)

    WASHINGTON, D.C. – Congressmen Richard Hudson (R-NC) and Darrell Issa (R-CA), alongside Senator Jim Risch (R-ID), introduced the Freedom from Unfair Gun Taxes Act to prohibit states from implementing excise taxes on firearms and ammunition to fund gun control programs.

    “Gun grabbing liberals will stop at nothing to undermine the Second Amendment,” said Congressman Hudson. “Their latest scheme is an unconstitutional tax that seeks to price you out of your right to keep and bear arms, and this legislation will put a stop to it.”

    “For too many years, extreme state policies — including from my home state — have targeted our fundamental Second Amendment rights and the American citizens who exercise them,” said Congressman Issa. “The latest attack is California’s imposition of a ‘sin tax’ on firearms and ammunition. This outrageous and unfair burden on law-abiding citizens is why Sen. Risch, Rep. Hudson, and I are working to stop this and other attempts to penalize our people and put the price of self-defense out of reach of any American.”

    “Blue states that implement an excessive excise tax to fund gun control initiatives are exploiting the Second Amendment,” said Senator Risch. “The Freedom from Unfair Gun Taxes Act ensures states do not place a significant financial burden on law-abiding gun owners to advance their anti-Second Amendment agenda.”

    As of July 1, 2024, California implemented a new 10-11% excise tax on firearms and ammunition to discourage the purchase of firearms and fund gun control programs. These added fees now double the tax on gun and ammunition purchases. Colorado, Vermont, New York, Massachusetts, Washington, and New York have proposed similar taxes. 

    Hudson, Issa, and Risch are joined by U.S. Senators Mike Crapo (R-ID), Marsha Blackburn (R-TN), Bill Cassidy (R-LA), Kevin Cramer (R-ND), Steve Daines (R-MT), Deb Fischer (R-NE), Lindsey Graham (R-SC), John Hoeven (R-ND), Cindy Hyde-Smith (R-MS), Jim Justice (R-WV), James Lankford (R-OK), Pete Ricketts (R-NE), and Representative Doug LaMalfa (R-CA) in introducing the legislation.

    The Freedom from Unfair Gun Taxes Act has received support from the Congressional Sportsmen’s Foundation, National Shooting Sports Foundation (NSSF), and the National Rifle Association (NRA).

    Read the full text of the bill here.

    

    -###-

    MIL OSI USA News –

  • MIL-OSI USA: As Nationwide Labor Movement Grows, Adams, Casar, Fetterman Introduce Bill to Provide SNAP Benefits for Striking Workers

    Source: United States House of Representatives – Congresswoman Alma Adams (12th District of North Carolina)

    WASHINGTON, DC—Today, Congresswoman Alma S. Adams, Ph.D. (NC-12), along with Congressman Greg Casar (TX-35) and Senator John Fetterman (PA), introduced the Bicameral Food Secure Strikers Act of 2025 which allows striking workers to qualify for Supplemental Nutrition Assistance Program (SNAP) benefits.

    The introduction comes as multiple high-profile strikes take place across the country with 2024 seeing 271,500 workers striking.

    Currently, striking workers and their households are excluded from SNAP eligibility and cannot receive SNAP benefits unless they were previously eligible before the strike. While unions can sometimes reduce the financial stress of a strike, workers still face serious financial insecurity when striking due to loss of income. Many striking workers are also not union members, meaning they have an even smaller safety net, if any at all. The Food Secure Strikers Act of 2025 would repeal the restriction on striking workers from receiving SNAP.

    “Labor unions were essential in building strong safety nets and worker protections in this country. It’s time we return the favor to our striking workers,” said Congresswoman Alma Adams. “By allowing strikers to access SNAP, we help ensure they don’t need to choose between feeding their families or fighting for fair working conditions. Striking takes courage and supporting the Food Secure Strikers Act of 2025 is an important way we can show our solidarity to everyone on the picket line.” 

    “If a worker goes on strike, the government shouldn’t punish them by taking away things like food stamps,” said Congressman Greg Casar. “People shouldn’t have to choose between their right to strike and going hungry. Let’s get rid of this anti-union law.”

    The Food Secure Strikers Act is also endorsed by numerous unions and anti-hunger organizations, including the United Food and Commercial Workers Union, the American Federation of Teachers, and the National Education Association.

    “When workers take the brave step to stand together for better wages, benefits, and working conditions, they understand the financial sacrifice they are making,” United Food and Commercial Workers International President Marc Perrone said. “While union strike funds and community support help ease that burden, they are not always enough. This bill would allow striking workers and their families to access SNAP, a critical service that helps put food on the table for millions of Americans in need.

    The Food Secure Strikers Act would:

    • Repeal the restriction on striking workers from receiving SNAP and affirmatively protect the eligibility of striking workers to receive SNAP;
    • Protect public sector workers who are fired for striking from being “considered to have voluntarily quit” for eligibility purposes; and;
    • Clarify that any income-eligible household can receive SNAP benefits regardless of if a member of that household is involved in a strike.

    MIL OSI USA News –

  • MIL-OSI China: One-year high PMI indicates strong momentum of Chinese economy

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

    BEIJING, April 2 — The purchasing managers’ index (PMI) of China’s manufacturing sector registered a one-year high in March, signaling the resilience and upward momentum of the world’s second-largest economy despite global headwinds.

    With the PMI of March at 50.5, the country’s manufacturing sector has shown significant improvement, thanks to a combination of seasonal recovery, policy stimulus, and structural upgrades.

    The March PMI was underpinned by expansion in both production and demand. Notably, the performance of the equipment manufacturing, high-tech manufacturing and consumer goods industries has rebounded over the past two months. Additionally, the PMI of small enterprises jumped 3.3 percentage points to 49.6 in March, the highest in 11 months. These developments indicate a rise in market confidence and the effectiveness of pro-growth policy measures.

    The PMI data for March suggests that the Chinese economy has maintained stable operations, with its recovery and upward trend further consolidated. Last year, China’s economy grew by 5 percent, ranking among the top of the world’s major economies in terms of growth rate while contributing around 30 percent to global economic growth.

    In the first two months of this year, China’s economic performance showed a steady start, with growth rates in industrial production, consumption, and investment all surpassing last year’s full-year figures. This trend reflects a continuation of the upward trajectory in the fourth quarter of last year.

    The sustained momentum is consolidated by enhanced sci-tech innovation, which is key to developing new quality productive forces, replacing old growth drivers with new ones, and securing long-term development.

    The role of consumption is to be further leveraged in expanding domestic demand — a top priority of the government. Bright spots in the consumer market, such as movies, the ice and snow economy, and tourism, highlight the huge potential of the economy. A special action plan that includes 30 measures to expand consumption, released in mid-March by the central authorities, will further boost consumption vitality.

    China regards foreign businesses as important participants in its modernization drive. Since the start of this year, China has secured a raft of major foreign investment projects, with planned investment totaling 33 billion U.S. dollars. The country will remain an ideal, secure, and promising destination for foreign investors.

    With its pro-growth measures continuing to deliver good outcomes, the Chinese economy is poised to sustain its uplifting momentum, advance on the path of high-quality development, and continue to be a major engine of global economic growth.

    MIL OSI China News –

  • MIL-OSI USA: Transcript: Governor Hochul is on “The Beat With Ari Melber”

    Source: US State of New York

    arlier today, Governor Hochul was a guest on MSNBC’s “The Beat with Ari Melber.”

    AUDIO: The Governor’s remarks are available in audio form here.

    A rush transcript of the Governor’s remarks is available below:

    Ari Melber, MSNBC:  We turn now to someone leading one of the largest states in the country, the New York Governor Kathy Hochul, a prominent Democrat who recently explained that she views the tariffs as a reckless tax on hardworking New Yorkers and that this could risk tanking the economy. Thanks for being here, Governor.

    Governor Hochul: Good to see you again.

    Ari Melber, MSNBC: Absolutely. You do real work with real people. This is a real thing that you’ve warned will affect them. What’s your response to these new tariffs tonight?

    Governor Hochul: This is the largest tax increase in American history, nothing short of that. And a place like New York, I have the privilege of governing the 10th largest economy in the world.

    I have Wall Street, I have rural farmers. I have the Walmart moms who are pushing that big shopping cart with the oversized toilet paper and paper towels and baby food – because I was that mom – who are now wondering, even at Walmart, are my prices going to go up? So this is cataclysmic. It is an earthquake, and we’re going to feel the tremors for a long time.

    I have to ask why. Who are we liberating? We’re not liberating Wall Street. We’re not liberating the senior couple who’s watching their portfolio, their nest egg become scrambled. They’ve been saving their whole lives. Who are we helping here? We’re hurting real people in our state and across this country.

    Ari Melber, MSNBC: Yeah. And you know, in politics sometimes they say there are the show horses or the workhorses. You seem to have led New York as more of a workhorse saying, “Let’s get down to business, let’s get real economic opportunity.” Some people around the country, they hear New York, they think Times Square. But there’s a lot more to it than that.

    As you’ve argued and your Democratic colleague, Chuck Schumer was making the same point. That President Trump’s tariffs will cost upstate New Yorkers $7 billion per year. He says it could hit this region harder than just about any place in the country. Do you agree and, and what can Democrats do about it?

    Because unlike some other issues we’ve covered, there aren’t legal arguments for the courts to come in and stop the tariffs. The president has this authority and he’s just using it in a way that a lot of people say is dangerous.

    Governor Hochul: Right. This is a pounding on upstate – and I’m from upstate. I’m the first governor from Buffalo since Grover Cleveland and we sit on the border with Canada. We have 450 miles of shared border with Canada. They’re our largest trading partner.

    The majority of our imported food comes from Canada. Buffalo – half of the Sabers game. I’m a hockey fan as well. They’re Canadians. They buy Buffalo Bills season tickets. They buy theater tickets, they shop in our stores. It’s going to affect the number of people already.

    There’s a decline of 20 percent of Canadians coming across the border to visit because they’re angry. They’re really pissed off about this, and they were our friends, but also the cost of doing business. I talked to one farmer yesterday who’s devastated. He said, “You know what? This is gonna cost me more every single month for the extra shavings.”

    They get the wood shavings for the stalls from Canada. They get their fertilizer from Canada. They get their steel and aluminum to repair fences and barns from Canada. He said, it’s going to cost me, just for feed alone, $10,000 more a month.

    Ari Melber, MSNBC: So can anything be done?

    Governor Hochul: Well, I’ll tell you what I’m working on in my budget as we speak. I have a plan to put $5,000 back in New Yorker’s pockets. People have little kids, a tax credit for families, a middle class tax cut, the largest rate decrease in 70 years. I even have an inflation rebate.

    We’re putting $500 back in people’s pockets because they paid so much more in sales tax. So I’m looking at this holistic – but here’s what’s gonna happen. I’m going to put $5,000 back in their pockets. The tariffs are gonna suck $6,000 out. So how are people supposed to get ahead? Yeah, we are fighting. We’re doing our best, but I’m pleading with Washington. Keep your promise. You said on inauguration day, prices will go down. The opposite is happening. And why are we doing this?

    Ari Melber, MSNBC: We heard – and in many ways the country heard – from Senator Cory Booker here over the past day and tonight, does he have the right idea looking for new or unusual measures to confront this Trump second term?

    Governor Hochul: Yes. Yes. These challenging times call for creative solutions, and that’s what I’m doing with my budget and speaking out, using my voice as someone who represents a population of 20 million. We are not just a blue state, we have many red parts. It is fascinating to me that the parts of our state that are being hit the hardest were the ones that voted for Donald Trump, those rural areas, Elise Stefanik’s district in the North Country. That’s who I’m talking to.

    So he’s got to realize that, whether it’s on Long Island, these people who supported him and voted for him, who are now gonna be hit, they’re gonna be losing their jobs. I don’t know who is supposed to benefit from this. These are real people who count on the president to keep his promises.

    And I talked to them in diners and I went to grocery stores to talk about how expensive it is. I raised kids. I’m the first mom governor the state has ever seen. I know exactly what they’re going through. I think about my parents’ home, their first home was a trailer park. The people who never got out of that trailer park, they shop at Walmart, and if their prices go up 10 to 25 percent, they can’t make it work.

    So Democrats have to stand out and point to those people that we represent and say, “I’m speaking for them. You’re hurting them. Those are my people. And you have to get through me to do that.”

    Ari Melber, MSNBC: We’ve been talking about some things that I know you’re passionate about. The budget you’re working on upstate, we just talked about and of course confronting the president’s tariffs.

    Now I want to ask you about something you might not wanna talk about, but here we are on the news – and that is this New York City Mayor’s race. All around the country, people tend to know the mayor of New York. Whether it’s Rudy Giuliani or Eric Adams, who’s had his recent controversies, and now someone that you are politically linked to – Andrew Cuomo is running, and this is someone who, at times, has been very prominent. People know his name.

    But if you look at the record, there are a ton of questions, including of course, how he left office. Let’s just remind folks a little bit about some of his record:

    […]

    I know you want to focus on other things, but this is reality and he is running. Should he be Mayor of New York?

    Governor Hochul: Here’s my position. Despite what you may think coming out of Washington, we still live in a democracy. The voters will decide who the next mayor is just in a matter of months, and they have all the facts right before them. They’ll evaluate the candidates, and I’m putting my faith in the very smart, engaged voters of this city to decide who my next partner will be, or if the existing partner will continue.

    Ari Melber, MSNBC: Do you think he’d make a good partner?

    Governor Hochul: Whoever it is, they better work with the governor. Because I have a lot of control over the city, and I can help in countless ways. I’m responsible in large part for a reduction in crime, working with NYPD and the mayor because I’ve brought so much more money to the table.

    Ari Melber, MSNBC: But when you say look at the facts, sometimes people say that and it means go get informed. And other times it’s what lawyers say in a closing argument. Look at the facts, which tell you that potentially the best thing for New York is not trying to have you two work together, given all that history and what I don’t imagine is a close relationship right now, if I may.

    Governor Hochul: It’s not up to me. The voters will decide who the Mayor of New York is. I’m the governor. I have a lot of authority and involvement, but I also represent the 8.3 million people who call New York City home. I have their interests at heart and I’ll always fight for the city as I have for the last three years.

    Ari Melber, MSNBC: New York Governor Kathy Hochul on many topics tonight. Thank you for joining me.

    Governor Hochul: Thank you.

    Ari Melber, MSNBC: Really appreciate it.

    MIL OSI USA News –

  • MIL-OSI Submissions: Energy – What to Expect at Angola Oil & Gas 2025

    SOURCE: Energy Capital & Power

    As Angola marks 50 years of independence, Angola Oil & Gas returns in 2025 with an expanded multi-track program, a larger exhibition space, a dedicated deal room and a pre-conference technical agenda

    LUANDA, Angola, April 2, 2025/ — With a $60 billion upstream investment pipeline, a 2025 licensing round and restructured block opportunities, Angola is positioning itself as the premier destination for upstream investors. Meanwhile, new downstream projects are opening up financing opportunities for technology and capital providers. Against this backdrop, the Angola Oil & Gas (AOG) conference and exhibition returns for its sixth edition from September 3-4 in Luanda, bringing together industry leaders to explore investment opportunities, forge collaborations and drive Angola’s oil and gas sector forward. Here is what to expect from this year’s edition:

    Celebrating 50 Years of Angola

    Taking place on the eve of Angola’s 50th anniversary of independence, AOG 2025 will celebrate five decades of growth in the country’s oil and gas sector. By reflecting on past successes, challenges and lessons learned, the event will not only highlight Angola’s profitability and potential, but also lay the groundwork for future investment and development.

    Multi-Track Agenda

    AOG 2025 offers a dynamic multi-track agenda designed to cater to all segments of the oil and gas value chain. Topics range from upstream exploration and production, to downstream refinery and petrochemical advancements, to regulatory and policy frameworks, and more. Keynote presentations and panel discussions will also provide insights into Angola’s latest licensing round and emerging opportunities in the oil and gas sector.

    Pre-Conference Program

    Leading up to the main event, AOG 2025 introduces an expanded pre-conference program, including specialized technical workshops and training sessions led by global energy experts. Designed for engineers, geologists, project managers and energy financiers, these sessions will explore cutting-edge advancements in drilling technologies, reservoir management, digital transformation and sustainable energy practices. To take part in the pre-conference program, contact sales@energycapitalpower.com

    Dedicated Deal Room

    A centerpiece of AOG 2025 is the exclusive Deal Room, designed as a high-impact ‘Dragon’s Den’-style platform where companies, service providers, SMEs and technology firms can showcase their solutions to investors, project developers and government representatives. This setup fosters direct engagement, driving collaboration and deal-making.

    Expanded Exhibition

    AOG 2025 will feature an expanded exhibition space, spotlighting the latest technologies, services and innovations shaping the oil and gas industry. Exhibitors will gain access to unparalleled brand exposure, senior decision-makers, high-value networking and targeted lead generation. The exhibition serves as a vital platform for companies looking to increase visibility and forge new business relationships.

    Networking Prospects

    As Angola’s largest oil and gas industry event, AOG 2025 welcomes the participation of over 2,500 attendees from 40 countries and 450 organizations. The event unites the entire oil and gas value chain, connecting upstream exploration and production to downstream infrastructure and services to finance, policy and technology. Delegates will have the unique opportunity to strengthen cross-sector collaboration and grow their brand in one of Africa’s most exciting oil and gas markets.

    Secure Your Place at AOG 2025

    Don’t miss the chance to engage with one of Africa’s largest oil and gas markets. Join the AOG 2025 conference today and be a part of the discussion on turning Angola’s oil and gas industry into a fuel for long-term, sustainable economic development. AOG 2025 offers a range of participating opportunities, including sponsorships, exhibition, speaking slots and delegation prospects. Visit www.AngolaOilandGas.com for more information.

    AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    MIL OSI – Submitted News –

  • MIL-OSI New Zealand: Release: Uncertainty remains over the impact of tariffs

    Source: New Zealand Labour Party

    Today’s announcement of 10 percent tariffs for New Zealand goods entering the United States is disappointing for exporters and consumers alike, with the long-lasting impact on prices and inflation still unknown.

    “The Government’s strategy of keeping its head down has not given New Zealand any advantage over our competitors,” Labour trade spokesperson Damien O’Connor said.

    “It’s disappointing that the Government hasn’t been able to negotiate lower tariffs given the very low level of tariffs we impose on goods and services from the US.

    “While the announcement has provided clarity on the percentage of tariffs, the impact on the US economy collectively including the impact on prices in the US market will take a long time to be fully realised.

    “There’s going to be $900 million hit on our exports, and there is uncertainty over who will carry the cost of that, whether it will be US consumers or New Zealand exporters.

    “We also have to consider how the ripple effect of tariffs on our trading partners such as China will affect prices back here.

    “Decisions by our competitors to shift their goods to other markets may have further ramifications for NZ exporters.

    “Trade Minister Todd McLay told New Zealanders that he didn’t expect New Zealand to be caught in tariffs, but he was proven wrong by today’s announcement,” Damien O’Connor said.

    Stay in the loop by signing up to our mailing list and following us on Facebook, Instagram, and X.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Consumer NZ – Price hikes are coming – it’s time to review your power provider

    Source: Consumer NZ

    Too many households are paying more than they need to for power. With significant energy price increases looming, Consumer NZ calls on New Zealanders to check for cheaper options to help offset higher bills.

    With rising energy costs, New Zealanders are facing a challenging winter. Price increases are already being implemented, with major retailer Mercury notifying an average price increase for its customers of 9.7% and others expected to follow suit.  
    Powerswitch encourages consumers to take advantage of its free comparison service to ensure they are not paying more than necessary.  

    “Analysis of Powerswitch data shows users can save, on average, almost $500 a year by checking for cheaper options. Such a saving would effectively offset upcoming price increases for many households,” says Powerswitch manager Paul Fuge.  

    “We find most households coming to Powerswitch discover they are paying more than they might need to. For example, 93% of users could find savings of more than $100, 73% could be saving more than $300 and 61% of users could potentially save more than $400.  

    “Escalating energy prices could make a bad situation even worse, so it’s more important than ever to make sure you’re getting the most bang for your buck.”

    Energy costs emerged as one of the top three financial concerns for consumers in Consumer NZs latest quarterly Sentiment Tracker online survey. Such a rating is an indication of how energy affordability is increasingly impacting lives across the country.  

    Similarly, in Consumer’s last annual energy survey, 20% of households said they struggle to pay their power bills, with 11% reporting living in cold homes after reducing heating to cut costs.  

    Household concern about increasing power bills is likely contributing to an increase in the use of Powerswitch.

    The warmer summer months typically have the lowest household power bills, so summer is traditionally a quieter time of the year for Powerswitch. But not this year. In the past four months (December to March), more than 10,000 customers used Powerswitch to initiate switching to a cheaper power deal. That’s a 48% increase compared with the same period last year and the highest recorded for this four-month period since Powerswitch was set up.

    Powerswitch’s comparison tool has been helping New Zealanders save money for over 25 years now. The service’s primary purpose is to help people find the most cost-effective power company and pricing plan for their household. Awareness of Powerswitch has grown substantially during this time to 62% of those surveyed in October 2024.

    According to Consumer, cost is a significant reason to switch energy providers, with 45% of people making the change due to price hikes.  

    Changes in circumstances, such as getting a big bill (25%), and changes in household circumstances, such as moving (22%), also drive switching behaviour. Satisfaction with current providers and the perceived effort required to switch act as barriers to switching.

    “Saving $500 or more is meaningful for most households right now. That could look like a large grocery shop, Christmas presents for the kids or more savings”, says Fuge.

    A big chunk of the price rise noted by consumers is due to increases in what the electricity lines companies can charge. Lines charges typically make up around 40% of a household’s overall power bill.  

    The Commerce Commission completed a review of the revenue limits for lines companies and indicated households would see an increase of $10-$25 (excluding GST) a month to pay for higher distribution and transmission costs. Auckland lines company Vector announced an average increase of 21% to its charges.
     
    How to compare and check your plan is cost effective

    Powerswitch is a free and independent service that compares 15,000 residential power plans from 16 providers.  
     
    The website and call centre service allows people to input some simple information, including their address or details from their last bill to compare prices and click switch in just five minutes.  

    The tool is funded by the Electricity Authority, which is an independent Crown entity tasked with governing and regulating New Zealand’s electricity industry.  

    New consumer care obligations took effect on 1 April. These regulations aim to provide further protection for customers by requiring power companies to provide clearer contract terms, easier access to consumer care policies and processes to support customers in financial difficulty.  

    For more information and to compare power plans, visit powerswitch.org.nz.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Science – Co-existence with genetic modification possible in New Zealand: review – AgResearch

    Source: AgResearch

     

    Co-existence of genetically modified (GM) and non-GM plants in New Zealand industries will be challenging, but is achievable, a review has found.

     

    In a just-published article in the New Zealand Journal of Agricultural Research, leading researcher and Chief Technical Officer for AgResearch subsidiary Grasslanz Technology, John Caradus, looked at the issue through a global lens to see what the experience of other nations had been.

     

    Proposed legislation in New Zealand is expected to allow greater use of GM and gene editing technology, including in plants; making coexistence critical to the needs of different industries of the primary sector. The issue was repeatedly raised in recent submissions on the Gene Technology Bill before the NZ Parliament.

     

    “We know co-existence is achievable because several other nations have successfully managed it, including nations that are both major producers of GM products and non-GM products, with the latter including products from the organic sector,” Dr Caradus says.

     

    “Organic farmers obviously have a particular interest given GM use is regulated to be zero. Co-existence regulations and guidance have been developed in many countries and can occur with appropriate planning and communication within farming communities. This must be working effectively when you consider that countries with the largest areas devoted to organic agriculture also have amongst the highest land area used for GM crops.”

     

    Genetic modification and gene editing have enabled major gains in the performance of crops globally, and opportunities to enhance pasture plant species are now being tested.

     

    Dr Caradus says co-existence has been a contentious issue since GM technologies were commercially released in the 1990s. In New Zealand in 2002, a public controversy emerged over the importation of corn claimed to be contaminated with GM corn, prompting a formal probe by Parliament.

     

    “In the first decade of commercial GM use, there were a significant number of contamination incidents resulting from GM presence in non-GM crops and seed, some with a significant financial penalty,” Dr Caradus says.

     

    “However, these types of incidents seem to be less frequent in recent times. New Zealand needs to learn from mistakes that occurred in the first decade of GM crop use and determine effective methods for ensuring co-existence of GM, non-GM and organic farming systems.”

     

    Strategies for effective co-existence included both on-farm management decisions and downstream segregation during processing of seed in the supply chain. Co-existence on the farm was reliant on physical containment to stop pollen dispersal and seed movement, which could be assisted by using biological/molecular containment through genetic manipulation to disrupt the pollination and fertilisation process.

     

    Read the full review at: https://www.tandfonline.com/doi/full/10.1080/00288233.2025.2479724

     

    Find out more about the genetically modified or edited pasture that AgResearch scientists are working on at:https://www.agresearch.co.nz/our-research/pasture-biotechnology/

     

     

    AgResearch’s core focus is to deliver high quality science to enhance the value, productivity and sustainability of New Zealand’s pastoral, agri-food and agri-technology sectors. More at www.agresearch.co.nz

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Household net worth little changed in December 2024 – Stats NZ media and information release: National accounts (income, saving, assets, and liabilities): December 2024 quarter

    Source: Statistics New Zealand

    Household net worth little changed in December 2024 – 3 April 2025 – Household net worth showed little change in the December 2024 quarter, up $834 million to $2,440 billion, according to figures released by Stats NZ today.

    Net worth is the value of all assets owned by households less the value of all their liabilities.

    “In the December 2024 quarter, a rise in total household assets was largely offset by a rise in total liabilities, resulting in only a minor change in household net worth,” institutional sectors spokesperson James Mitchell said.

    In the September 2024 quarter, household net worth was also little changed (down $1.0 billion). In the June 2024 quarter, net worth fell $23.8 billion (1.0 percent).

    Total household assets rose $4.3 billion (0.2 percent) in the December 2024 quarter – a rise in financial assets was partly offset by a fall in non-financial assets.

    Files:

    MIL OSI New Zealand News –

  • MIL-OSI China: Capital flows from listed banks demonstrate China’s economic dynamism

    Source: China State Council Information Office

    The recently released 2024 annual reports of China’s listed banks highlight the diverse dynamics of China’s economic development, as banks, serving as the primary channels for corporate and household financing, in their capital underscore the economy’s growth momentum.

    Key sectors in focus: tech firms attracting major capital

    Data from annual reports indicate that over the past year, listed banks have continued to expand credit issuance to support the real economy. In 2024, China’s four major state-owned banks, which include Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC), and China Construction Bank (CCB), collectively issued more than 8 trillion yuan (about 1.11 trillion U.S. dollars) in new loans.

    ICBC and ABC each saw loan increases exceeding 2 trillion yuan.

    Strategic national initiatives and key industries remained top priorities for credit allocation, the reports showed, and banks reported notable growth in loans directed toward manufacturing, strategic emerging industries, and elderly care services.

    By the end of 2024, ICBC’s outstanding loans to strategic emerging industries had exceeded 3.1 trillion yuan, while BOC’s lending to these industries had grown by 26.31 percent year on year.

    CCB’s loans to the manufacturing sector totaled 3.04 trillion yuan, and the medium-to-long-term loans to the manufacturing industry by ABC saw a 20.2-percent year-on-year increase.

    Technology-driven enterprises also gained traction. CCB’s loans to science and technology-related industries topped 3.5 trillion yuan by the end of 2024, while ICBC’s loans to small and medium-sized enterprises (SMEs) that are specialized, refined, distinctive and innovative rose over 54 percent from the start of the year. China Everbright Bank also reported a 42.1-percent year-on-year increase in loans to tech firms.

    Behind the figures, banks have been accelerating the establishment of financial mechanisms that align with technological innovation. ICBC has set up 25 regional technology finance centers nationwide, ABC expanded its network of tech-focused branches to nearly 300, and BOC launched a dedicated science and technology innovation fund.

    However, many SMEs in the tech field still face financing challenges. At their earnings briefings, multiple banks pledged to deepen integrated equity-loan-bond-insurance financial services and tailor products to meet diverse innovation needs.

    Boosting consumption, demand: consumer loans surging

    Consumer credit has emerged as a catalyst for domestic spending. Banks actively promoted traditional sectors like automobiles and home appliances while cultivating new consumption scenarios in tourism, elderly care, and other services.

    By end-2024, Bank of Communications saw personal consumer loans jump 90.44 percent year on year, adding 156.8 billion yuan. ABC’s consumer loans grew 28.3 percent, that of CCB rose 25.21 percent, and China Merchants Bank’s consumer loan balance hit 396.16 billion yuan, up 31.38 percent year on year.

    CCB also reported over 1 trillion yuan in credit card loans.

    At the same time, banks have focused on meeting residents’ essential and improved housing needs by maintaining stable personal mortgage lending. By the end of 2024, CCB’s personal mortgage clients had surpassed 15 million, with outstanding mortgage loans totaling 6.19 trillion yuan. China CITIC Bank’s mortgage loan balance increased by 61.41 billion yuan, ranking among the highest in the industry.

    Since the fourth quarter of last year, China’s housing market has shown positive changes following the implementation of a series of policy measures, which was also reflected in the financial sector.

    According to CCB vice president Ji Zhihong, the bank’s daily average mortgage loan applications in Q4 2024 rose by 73 percent quarter-on-quarter and 35 percent year-on-year, with early repayments declining further in Q1 2025.

    With additional policies aimed at boosting consumption on the horizon, the consumer finance market is poised for new growth opportunities. Dong Qingma, deputy dean of the Institute of Chinese Financial Studies at Southwestern University of Finance and Economics, stated that financial institutions will continue to ramp up support for consumption through fiscal incentives, interest subsidies, and tax reductions, injecting more capital into the economy.

    While CMB’s annual report highlighted plans to tap into consumption scenarios encouraged by national policies, including high-end and comprehensive household spending. ICBC announced that it will actively engage with emerging economic models such as the ice and snow economy and the silver economy to further unleash consumption potential and enhance economic circulation.

    Unlocking credit growth: fueling real economy

    Multiple banks have signaled their commitment to maintaining stable credit growth, ensuring strong, sustained financial support for the real economy.

    ICBC pledged over 6 trillion yuan in financing to private enterprises over the next three years. ABC aims to exceed 7.5 trillion yuan in loans to private firms by 2025, with inclusive finance loans growing faster than average.

    A review of various banks’ strategic directions suggests that credit allocation priorities for 2025 are becoming clearer. Bank of Communications plans to issue 480 billion yuan in corporate loans, targeting major infrastructure projects, manufacturing, rural revitalization, and strategic emerging industries aligned with government policies.

    CCB plans to further expand its retail credit and focus on green finance in key sectors such as energy, industry, and transportation, while continuing to support major infrastructure projects. China Everbright Bank will allocate over 70 percent of its corporate credit growth to tech, green, and inclusive sectors.

    “The implementation of a more proactive fiscal policy and a moderately loose monetary policy this year will provide a favorable macroeconomic environment for the banking industry,” said ABC president Wang Zhiheng, adding that in 2025, the bank will seize strategic opportunities in rural development, industrial upgrades, and green transitions, among others.

    Experts believe that as banks align their strategies with macroeconomic priorities, they will continue to identify and meet effective credit demand, enhancing the precision and adaptability of financial services, thus, continuing to channel high-quality funding to sustain the real economy’s growth. 

    MIL OSI China News –

  • MIL-OSI China: China enhances social credit system to boost high-quality development

    Source: China State Council Information Office

    China has expedited efforts to improve its social credit system and build a creditworthy society as part of the country’s broader push to advance a market-oriented economy.

    The country has made progress in areas such as credit information sharing and the enforcement of penalties against bad-faith actions, as part of efforts to strengthen the social credit system, Li Chunlin, deputy director of the National Development and Reform Commission, told a press conference on Wednesday.

    The credit system is the bedrock of the market economy, according to experts. Credit plays a key role in optimizing the business environment, improving financial services, and enhancing governance and service efficiency of the government.

    To boost credit information sharing, China has established a national-level credit information sharing platform, which aggregated over 80.7 billion credit records from 180 million business entities, according to Li.

    The country has also set up a nationwide financing and credit service platform that compiles key enterprise-related credit data, including business registration and tax payment. Li said that the platform is designated to help financial institutions access comprehensive credit information of small firms, enabling them to provide targeted financial support to those in real need.

    As of February 2025, financial institutions across the country have issued a total of 37.3 trillion yuan (about 5.2 trillion U.S. dollars) in loans through the platform, including 9.4 trillion yuan in credit loans. This has significantly alleviated the capital constraints facing small private enterprises, according to the official.

    Regarding information security, the country is working to minimize the risk of information leakage by making data available but not visible. It also plans to incorporate blockchain technology to ensure traceability and enhance security during data processing.

    The press conference came days after the release of a new guideline on further improving the social credit system. The guideline includes 23 measures and aims to create a unified national market while ensuring a fair and orderly competitive market environment.

    The guideline calls for the establishment of a unified social credit system covering all types of entities, in order to promote the deep integration of social credit system into all aspects of social and economic development.

    Highlighting the significance of the guideline, experts noted that these measures are expected to address challenges such as fragmented regulatory rules and data silos.

    “The guideline marks a new historical starting point for China’s social credit system, and it will undoubtedly propel the system to reach a higher level of development,” said Wang Wei, a professor with the Party School of the Communist Party of China Central Committee (National Academy of Governance).

    China will support domestic credit service institutions in establishing independent and impartial third-party credit service partnerships with Belt and Road Initiative partner countries and BRICS nations, and will also promote the internationalization of domestic credit rating agencies, according to the guideline.

    Looking ahead, Li said China will increase efforts in data governance, facilitate the flow of data, effectively cultivate the credit market, and expand the credit economy. 

    MIL OSI China News –