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Category: Education

  • MIL-OSI Russia: SPbGASU has developed a facility for testing the crack resistance of fiber-reinforced concrete

    MILES AXLE Translation. Region: Russian Federation –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering –

    Mikhail Zhavoronkov, Associate Professor of the Department of Building Materials Technology and Metrology, completed the research work “Study of the influence of dispersed reinforcement parameters on the behavior of fiber-reinforced concrete under load” as part of the grant competition for the implementation of research work by scientific and pedagogical workers of SPbGASU in 2024.

    Fiber concrete has a number of advantages over traditional concrete and reinforced concrete. According to various sources, fiber concrete has increased compressive and bending strength, impact resistance, etc. One of the main advantages of fiber concrete is its increased crack resistance – the ability of the material to resist the formation and development of cracks.

    During the study, an original design setup was developed and assembled. The setup allows for three-point bending of fiber concrete samples measuring 150×150×600 mm and monitoring the applied load and sample deflection caused by this load. It also provides the ability to monitor the distribution of deformations along the height of the working section of the sample. The implementation of this capability allowed for measuring the height of the compressed zone of the cross-section of the tested sample and monitoring its change.

    The setup includes a loading device and a sensor system. The loading device consists of two crossbars, movable and fixed, and two parallel screw pairs. Simultaneous rotation of the screw pairs causes linear movement of the movable crossbar. A concrete or fiber concrete sample is placed between the crossbars on special stops that ensure its three-point bending. The screw pairs are driven into rotation by a system of electric motors, gearboxes, electric couplings, and a chain transmission. The selection of the leading motor, its speed, and direction of rotation is carried out from the control panel. This is done in such a way as to provide the widest possible range of rotation speed adjustment with minimal loss of torque.

    The system of sensors monitoring the behavior of the sample under load during bending includes a strain gauge, 4 linear encoders and 16 strain gauges. The sensors are polled alternately, several times per second, and the obtained data are sent to the computer using a simple circuit solution, where they are displayed in the form of corresponding graphs and tables.

    The obtained graphs of the dependence of deflections on the applied loads can be used to calculate the force and energy characteristics of crack resistance according to GOST 29167-2021, and according to the readings of strain gauges, it is possible to control the height of the compressed zone at different stages of deformation and destruction of samples.

    The properties of fiber concrete and its behavior under load have been studied at the Department of Construction Materials Technology and Metrology of SPbGASU for decades, including within the framework of the scientific school “Nanostructured modification and dispersed reinforcement of building products and structures”. At present, much attention is paid to the topic of theoretical modeling of the behavior of fiber concrete under load. In the course of developing this topic, questions arose about the exact determination of the number of fibers involved in the work of fiber concrete under load. In particular, the installation described above was developed to determine their number.

    The data obtained during the study can be used in the design of fiber-reinforced concrete structures and form the basis for further research, and the mastered testing methods can be implemented during the educational process as part of laboratory work in the relevant disciplines.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.spbgasu.ru/nevs-and-events/nevs/spbgasu-developed-an installation-for-testing-the-crack-resistance-of-fiber-reinforced concrete/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI Economics: Joachim Nagel: Interactions between monetary policy, regulation and financial markets

    Source: Bank for International Settlements

    Check against delivery 

    1 Introduction

    Ladies and gentlemen,

    Good morning and welcome to the Conference on Markets and Intermediaries, an event jointly organised by the Bundesbank and the Humboldt-Universität zu Berlin.

    In my opening speech, I will take you on a helicopter tour of the programme and share some thoughts on the topics that will be covered over the next two days. The programme certainly does cover a wide range of topics. It addresses current challenges facing financial markets, financial intermediaries, and central banks.

    Since the Great Financial Crisis, central banks worldwide have expanded their balance sheets, injected additional liquidity into the financial system, and broadened their collateral frameworks. In addition, financial regulation has been adapted to make the financial system more stable.

    While these measures served useful purposes, they also had side effects, not least in money and capital markets. Policymakers and regulators are therefore well-advised to evaluate the effects of their measures.

    2 Non-bank financial institutions

    The first session is dedicated to non-bank financial institutions, or NBFIs.

    This sector includes, amongst others, insurers, investment funds, and money market and hedge funds. It is strongly interconnected, both with other sectors and across countries. Its share of the global financial system, as measured by total financial assets, is almost one-half.

    Clearly, it could be a source of systemic risks. But the risks presented by NBFIs often lie out of view. This makes them more difficult to monitor and assess. All the more important, then, to close data gaps and strengthen the resilience of the sector.

    One particular source of vulnerability are fire sales of open-ended funds. These are the subject of a paper that Rüdiger Weber is presenting this morning.1

    Open-ended funds are especially prone to fire sales because, during episodes of market stress, they often face significant pressure from investors who want to liquidate their holdings quickly. Fund managers may then be forced to offload fund assets at short notice. And if those assets are less liquid, they may have to sell them at lower prices. This may amplify price declines and liquidity shortages.

    Effective liquidity management and regulation are very important here. A recently published Bundesbank paper shows that price-based liquidity management tools help keep the financial fragility of open-ended mutual funds in check.2

    In times of stress, investors also try to protect their capital by shifting it into safer assets. However, this flight to safety can intensify the downward pressure on the prices of riskier assets as demand for the latter declines.

    The Financial Stability Board is doing important work in this field. But it is currently focused on microprudential regulation. I think the FSB’s work on this front needs to be complemented by the development of macroprudential regulation for the NBFI sector.

    In any case, we should not jeopardise what we have achieved in the banking regulation space by allowing stability risks to build up elsewhere in the financial system.

    3 Central bank digital currencies

    The second session is on central bank digital currencies (CBDC).

    CBDC is an issue that is keeping almost all central banks very busy at the moment. The Eurosystem is hard at work preparing for the potential introduction of a digital euro.

    As the world turns increasingly digital, the digital euro would provide a secure and efficient digital payment option that complements cash. It aims to strengthen Europe’s strategic autonomy by building on European infrastructures, and to promote innovation in the private sector.

    However, introducing a CBDC could also have unintended side effects. If bank customers were allowed to hold it in large amounts, periods of banking distress could trigger large, sudden shifts out of deposits into CBDC. This could lead to financial instability.

    And if CBDC were too attractive a substitute for deposits, commercial banks’ access to retail deposits could erode over time. Which could lead to structural disintermediation and call into question our proven two-tier banking system. It is therefore of the essence to design CBDC in a way that prevents these risks from materialising.

    The challenge is to optimise the usability of CBDC as a means of payment while at the same time limiting its effects on the market for bank deposits. Two decisive factors in this regard are remuneration and holding limits. Let me say a few words on each of these.

    Remuneration means the rate of interest on people’s holdings of CBDC. If that rate of interest were positive, holding CBDC would be more attractive. But at the same time, that would lead to outflows out of bank deposits.

    Based on a welfare-maximising model setting, Pascal Paul will argue later this afternoon that central banks should allow for a positive interest rate.3 This stands in contrast to the intention of the Governing Council not to remunerate digital euro holdings.4

    Why are we not in favour of remuneration?

    Because our aim is to make the digital euro a digital complement to cash, and there is no remuneration for holding cash. We neither want to compete with commercial banks for deposits, nor do we want to employ the digital euro as a monetary policy instrument.

    The second, perhaps even more important, factor is holding limits. We intend to limit digital euro holdings to a certain amount, because we want to ensure the digital euro does not lead to large sudden shifts or disintermediation.

    The limits currently under discussion range from €500 to €3,000.5 A recent Bundesbank paper finds that an optimal holding limit would be in a range between €1,500 and €2,500.6 On the Governing Council, we have not yet taken a decision on the exact amount. What is more, EU legislators might be involved here.

    But as regards the practical usability of the digital euro, the exact limit does not play a major role anyway. This is because a reverse waterfall system, as it is called, would allow users to link their digital euro wallet to their bank account. They can then convert their bank deposits into digital euro automatically and instantly if their holdings are insufficient to make a payment.

    4 Banking and deposit flows

    Allowing users to convert an unlimited amount of deposits into CBDC would expose commercial banks to substantial run risk. In any case, zero or lower interest rates will not discourage them from doing that in times of crisis. However, digital bank runs can happen even without CBDC.

    The failure of Silicon Valley Bank and other regional banks in March 2023 showed how quickly customers can withdraw their deposits these days. At Silicon Valley Bank alone, customers pulled out USD 42 billion within the space of a single day, which equated to around one-quarter of total deposits. And another USD 100 billion would have been withdrawn a day later.7 The depositors on the run were apparently account holders with uninsured deposits.

    Banking and deposit flows are the subject of Session 3. Dominic Cucic will present a paper showing that bank customers do indeed redistribute their deposits when deposit insurance limits change.8 Credible and reliable deposit insurance helps to prevent bank runs and preserve financial stability.

    In the euro area, we currently have deposit insurance at the national level. Adding a European layer in the form of a hybrid model would help prevent situations where large shocks overwhelm national deposit insurance systems and lead to cross-border contagion.

    As a European layer should be risk-based, large exposures of banks to individual sovereigns are an issue. Currently, many banks hold a disproportionately large number of bonds issued by their domestic governments. If this were to continue, a common deposit insurance arrangement could lead to a redistribution of sovereign solvency risks.

    In my view, the new EU legislative session provides a good opportunity to move forward on both issues: with a reduction in banks’ exposures to individual sovereigns, and a common European deposit insurance system.

    5 Central bank interventions and market behaviour

    Session 4 of this conference focuses on the impact of central bank interventions on market behaviour. Both papers in this session underline that such central bank measures need to be carefully designed.9

    Central banks have taken a wide range of non-standard monetary policy measures to ensure sufficient monetary stimulus at the effective lower bound. But in the medium to long term, such policies may lead to inefficiencies. These could arise in financial markets themselves or in the allocation of resources affected by the boost to lending.

    This makes it all the more important to evaluate the instruments used and the lessons learned. It is therefore very fitting that we are currently carrying out a strategy review in the Eurosystem. Amongst other things, this will provide an opportunity to critically review the quantitative easing policies we have seen in the past.

    The extensive bond purchases contributed to price stability in an era of low inflation, but they were also associated with numerous side effects in financial markets. Without prejudging the outcome of the review, I think their use should be limited to exceptional circumstances.

    6 Conclusion

    Ladies and gentlemen,

    The conference concludes with a panel discussion on the ECB’s new operational framework. As I have already expressed my views on this on a different occasion,10 I will end my speech by expressing my gratitude.

    Thanks to the organisers from the Bundesbank and Humboldt University for setting up this conference. Thanks to the presenters, discussants and panellists for sharing their insights. Thanks to all participants for their contributions. And special thanks to Annette Vissing-Jørgensen from the Federal Reserve Board, who will give a keynote on “Balance sheet policy above the effective lower bound”.11

    Now I wish you all an exciting conference with valuable insights.

    Thank you very much. 

    MIL OSI Economics –

  • MIL-OSI Security: Meet Myriam Andaloro, a NATO cultural expert on the Middle East and Africa

    Source: NATO

    Myriam Andaloro is a Digital and Cultural Consultant at the NATO Strategic Direction-South Hub – the centre dedicated to increasing NATO’s understanding of and cooperation with partners across the Middle East and Africa. An Italian national of Lebanese descent, Myriam works to establish appropriate and respectful communication with NATO’s southern neighbours by reducing the risk for cultural misunderstandings and raising awareness about cultural sensitivities.

    Connecting cultures for a better understanding: Myriam’s impactful role

    “If I were to leave a footprint in the world, it would be to raise cultural awareness and avoid misunderstandings that can lead to conflicts.”

    Myriam Andaloro

    Born and raised in Lebanon and having lived in Nigeria and now in Italy, Myriam has a natural ability to engage with people from different cultures and religions. Her international background and fascination with multiculturalism, identity and language made her interested in pursuing a career in the area of cultural consultancy and digital communications, which she currently carries out at the NATO Strategic Direction-South Hub, located within the Allied Joint Force Command Naples.

    Myriam’s background and linguistic expertise are a valuable asset for the Hub’s mission to foster constructive relations between NATO and partners from the Middle East, North Africa, the Sahel, Sub-Sahara and adjacent areas. Myriam and her colleagues work to create a welcoming environment, where local experts share their unique perspectives in domains ranging from conflict prevention and security over countering terrorism, socio-economic developments and the Women, Peace and Security agenda to technology and innovation.

    A few examples of roots of instability, which can spill over to NATO territory, are terrorism, radicalisation, human trafficking, crime, migration and environmental problems. Once a comprehensive picture of these security challenges is formed, the Alliance can better anticipate and, where possible, address challenging issues for the benefit of all.

    Bridging NATO and its partners in the South through communication

    As a cultural consultant for the Middle East and North Africa (MENA) region, Myriam’s role is to identify and respect regional sensitivities. Myriam and her colleagues work to develop a deep understanding of the traditions of these countries, as well as their populations’ perceptions of NATO, to ensure that what is communicated on NATO’s behalf is understood.

    When Myriam first joined the Hub, her work focused on French and Arabic translations, and on the cultural overview of the Hub’s media products. Her responsibility was to help dispel misconceptions about NATO and appropriately communicate with external key audiences in the Middle East, Africa, and Allied countries, such as military organisations, regional and international experts.  Over time, Myriam started to take on more multifaceted and dynamic responsibilities, and began working on digital content production, focusing on bolstering mutual understanding and respect.

     “Every day looks slightly different. Some days I am busy translating our reports and updating our website, and on other days I am working hard on creating products for our online or in-person events. I often participate in conferences, which is very enlightening because I get to meet all the impressive experts from the Middle East and Africa.”

    While it takes years to positively impact people’s perceptions, Myriam argues that the work of the Hub has been continuously improving the relationship between the Alliance and experts in the South. Knowledge-sharing among them has increased, widening mutual understanding and the scope of future cooperation.

    Storytelling for understanding: NATO’s commitment to accurate cultural representation

    Recently, Myriam assisted NATO’s Allied Command Transformation in the production of a graphic novella titled “How we see the darkness”. The novella – which is based on the paper “Complex Conflicts in Africa” by Assistant Professor of Political Science at the University of Cincinnati Dr Alexander Thurston – underlines the necessity for external actors, including NATO, to exercise caution while seeking to build peace in Africa.

    Myriam’s role in the project was to ensure that the fictional story depicted an accurate representation of its chosen setting. From examining if the characters were dressed appropriately, to checking whether the architectural style of the region was authentic and religious symbols were accurate, Myriam provided cultural guidance to the graphic contractors to avoid misrepresentations.

    Additionally, Myriam translated the novella into both French and Arabic – making it available to non-English speaking audiences.

    For Myriam, NATO “means the preservation of human rights and security”, two values that the Alliance has always defended. She aims to contribute to that mission by serving as one of NATO’s cultural experts for the South and is willing to help other Alliance bodies improve their knowledge of Middle Eastern and African countries, while promoting accurate and respectful communication.

    MIL Security OSI –

  • MIL-OSI Asia-Pac: CSIR-NIScPR Commemorates 83 Years of Scientific Excellence of CSIR

    Source: Government of India (2)

    Posted On: 01 OCT 2024 11:52AM by PIB Delhi

    CSIR-National Institute of Science Communication and Policy Research (CSIR-NIScPR) celebrated the 83rd Foundation Day of Council of Scientific and Industrial Research (CSIR) today at National Agricultural Science Complex, Pusa, New Delhi.

    Prof. Ranjana Aggarwal, Director, CSIR-NIScPR while delivering welcome address during the 83rd CSIR Foundation Day Program organised by CSIR-NIScPR

    The event commenced with a welcome address by Prof. Ranjana Aggarwal, Director, CSIR-NIScPR. She said, “CSIR labs are actively engaged in all the areas of science and technology. At NIScPR, our focus is on bridging the gap between science and society. We publish 15 research journals and three popular science magazines, and we are striving to make our content accessible in all Indian languages. Notably, we’ve recently participated in the UN Assembly Science Summit.”

    Prof. (Dr.) Sushma Yadav, Pro Vice-Chancellor, Central University of Haryana delivered her insightful talk

    Distinguished guest Prof. (Dr.) Sushma Yadav, Pro Vice-Chancellor, Central University of Haryana, in her address said, “CSIR strives to bridge the gap between science and industry. Historically, there has been a misconception that India lacks scientific temper, and CSIR has been working to dispel this notion. By promoting a scientific tradition that coexists with spiritual temper, we aim to create a harmonious blend of rational inquiry and cultural values.”

    Prof. Jagat Bhushan Nadda, Director, Consortium for Education Communication

    While Prof. Jagat Bhushan Nadda, Director, Consortium for Education Communication, remarked, “CSIR has admirably carried forward India’s scientific legacy, serving as a cornerstone in our nation’s journey. By being at the forefront of addressing national challenges, CSIR has consistently benefited society at large. The need of the hour is to make science accessible, especially in rural areas. To maximize impact, scientific research and discoveries must be translated into actionable policies. CSIR is successfully creating synergy between higher education, research, and innovation, positioning India to become a global leader in science and innovation.”

    On the occasion a special issue of ‘Science Reporter’, a monthly publication of CSIR-NIScPR was also released during the event.Title of the issue is “Science Reporter: A Six Decade Journey in Science Communication (1964-2024)”. Awards were distributed by the distinguished guests to retirees, employees completing 25 years of service, and meritorious 10th and 12th-class students.

    The evening of the CSIR Foundation Day Celebrations featured a vibrant cultural program, followed by prize distribution for the Foundation Day competitions. During the cultural program, children of NIScPR staff members, S&T and administrative staff, students and project staff participated with great enthusiasm and performed their song and dance very well. ShriMukesh Pund, Chief Scientist, CSIR-NIScPR and Chairperson, CSIR Foundation Day Organising Committee of NIScPR, proposed vote of thanks and expressed his gratitude to all the committees engaged for organising the program. The event was attended by CSIR-NIScPR staff with their families, AcSIR students, and project staff. Coordinators of different sub committees coordinated the assigned tasks very well. Dr.Puspanjali Tripathy coordinated the Painting & Drawing Competition; Quiz & Essay Competition was coordinated by Dr. Meher Wan; Budget & Venue was coordinated by Dr. Naresh Kumar; Cultural Function & Stage Control was coordinated by Dr. Manish Mohan Gore. Dr.  Vipan Kumar coordinated the sports events, Dr.Arvind Meena coordinated publicity materials and Mrs.Sonali Nagar coordinated the invitation of guests for the CSIR Foundation Day Celebrations organised at CSIR-NIScPR.

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    NKR/AG

    (Release ID: 2060530) Visitor Counter : 73

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Government school at Okhla organizes “Swabhav Swachhata Sanskaar Swachhata (4S) campaign” in association with Prithak Foundation

    Source: Government of India (2)

    Government school at Okhla organizes “Swabhav Swachhata Sanskaar Swachhata (4S) campaign” in association with Prithak Foundation

    Students showcased their creativity and imagination through art on the theme “Swachhata Hi Seva.”

    Posted On: 01 OCT 2024 11:49AM by PIB Delhi

    Govt. Girls Sr. Sec. School, Harkesh Nagar, Okhla Ph-2 organized Swabhav Swachhata Sanskaar Swachhata (4S) campaign” in association with Prithak Foundation and Ministry of Steel.  The event was graced by Deputy Secretary, Shri Subhash Kumar, Ministry of Steel, Chairman of Prithak Foundation, Shri Abhay Raj Singh, Principal of GGSSS, Ms. Sheetal along with other officers.

    200 students of the school showcased their creativity and imagination through art on the theme “Swachhata Hi Seva.” 

    This year on Independence Day, Prime Minister, Shri Narendra Modi emphasized how Swachhata has become a fundamental aspect of daily life, driving significant changes in behaviour across the nation. This year’s theme, Swabhav Swachhata Sanskaar Swachhata (4S) 2024, represents a shift towards fostering behavioural change. Swabhav Swachhata Sanskaar Swachhata (4S) campaign has been built around three key pillars, namely, (i) Swachhata Ki Bhaagidari; (ii) Sampoorna Swachhata; and(iii) Safai Mitra Suraksha Shivir

    Chairman, Prithak Foundation expressed his gratitude and said “on behalf of the entire Prithak Foundation Family, we would like to extend our heartfelt thanks to the Ministry of Steel and the SAIL team for selecting Prithak Foundation as the supporting partner for event implementation, handling the logistics and ensuring the smooth conduct of the event”.

    Certificates will be signed and returned to Prithak Foundation, along with the drawing posters.

    *****

    MG/SK

    (Release ID: 2060528) Visitor Counter : 63

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Surgeon Vice Admiral Arti Sarin becomes first woman to take over as DG, Armed Forces Medical Services

    Source: Government of India

    Posted On: 01 OCT 2024 12:42PM by PIB Delhi

    Surgeon Vice Admiral Arti Sarin, on October 01, 2024, became the first woman officer to take over as the Director General, Armed Forces Medical Services (DGAFMS). The DGAFMS is directly responsible to the Ministry of Defence for overall medical policy matters which relate to the Armed Forces.

     

    Prior to assuming the appointment of 46th DGAFMS, the Flag Officer held the coveted appointments of DG Medical Services (Navy), DG Medical Services (Air) and Director & Commandant of Armed Forces Medical College (AFMC), Pune. She is an alumna of AFMC, Pune and was commissioned into the Armed Forces Medical Services in December 1985. She is an MD in Radiodiagnosis from AFMC, Pune and Diplomate National Board in Radiation Oncology from Tata Memorial Hospital, Mumbai, complemented with training in Gamma Knife Surgery from University of Pittsburgh. 

     In a career spanning 38 years, the Flag Officer has held prestigious academic and administrative appointments including Professor & Head, Radiation Oncology, Army Hospital (R&R) and Command Hospital (Southern Command)/AFMC Pune, Commanding Officer, INHS Asvini, Command Medical Officer in the Indian Navy’s Southern and Western Naval Commands. 

    The Flag Officer has the rare distinction of serving in all three branches of the Indian Armed Forces, having served as Lieutenant to Captain in the Indian Army, from Surgeon Lieutenant to Surgeon Vice Admiral in the Indian Navy and as an Air Marshal in the Indian Air Force. 

    In recognition of her dedication to patient care with utmost loyalty and supreme commitment, the Flag Officer has been awarded Ati Vishist Seva Medal in 2024 and Vishist Seva Medal in 2021. She has also been conferred with Chief of Army Staff Commendation (2017), Chief of Naval Staff Commendation (2001) and General Officer Commanding –in-Chief Commendation (2013) for distinguished service. 

    The Flag Officer has been recently appointed as a member of the National Task Force by the Supreme Court to formulate safe working conditions and protocols for medical professionals. She has been at the forefront of motivating young women to join the Armed Forces and is a shining icon for the Nari Shakti initiative of the Government.

     ***

    SR/Savvy

    (Release ID: 2060559) Visitor Counter : 99

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Department of Agricultural Research and Education – Indian Council of Agricultural Research organizes “Safai Mitra Suraksha Shivirs” for Swachhata Hi Seva and Special Campaign 4.0

    Source: Government of India

    Posted On: 01 OCT 2024 2:24PM by PIB Delhi

    A special initiative titled “Safai Mitra Suraksha Shivirs” was conducted across all Department of Agricultural Research and Education – Indian Council of Agricultural Research establishments in conjunction with the celebration of World Maritime Day. The initiative aimed at ensuring the safety and well-being of sanitation workers or Safai Mitras by providing them with PPE kits and protective gear to safeguard against occupational hazards.  As part of this nationwide effort, a special focus was placed on creating awareness of sanitation workers safety. Events such as walkathons and cyclerallies were organized to emphasize the importance of their safety and to engage the larger community in promoting a safer working environment for them. This initiative highlighted the crucial role of sanitation workers and reiterated the commitment to their health and protection.

    An activity on “Distribution of disposable gloves, masks, etc., to safeguard the sanitation workers from occupational hazards” was conducted by ICAR staff, students, and contractual workers under the ‘Swachhta Hi Sewa’ campaign. The Safai Mitra working in ICAR were distributed the masks and disposable gloves.

     Through a special campaign walkathon at one of the ICAR Institutes, all the officers and employees of the institute cleaned the premises with the Safai Mitra in the campus. During the event, Safai Mitras were provided with vital information on safety protocols to enhance their well-being while performing their essential duties. A dedicated session on biosecurity measures was conducted to ensure that the workers remain safe while handling waste and maintaining cleanliness in sensitive areas. To further support their efforts, all participating workers were equipped with gumboots, hand sanitizers and PPE kits, reinforcing the institute’s commitment to their health and safety.In addition to distributing the PPE kits, the program provided an interactive platform where participants were encouraged to share their thoughts on cleanliness and sanitation practices at home, in public spaces, and at their workplaces. During the event, participants were also educated on the importance of maintaining cleanliness in their daily lives and were encouraged to openly discuss challenges and potential improvements in hygiene practices both at home and at work.

    *****

    SS

    (Release ID: 2060608) Visitor Counter : 73

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Text of Vice-President’s address at the Lal Bahadur Shastri National Award for Excellence 2024

    Source: Government of India

    Posted On: 01 OCT 2024 1:50PM by PIB Delhi

    Very Good Morning to all of you!

    Shri Anil Shastri ji, Chairman, Lal Bahadur Shastri Institute of Management. I have long association with Anil ji. We both were elected to Lok Sabha in 1989.

    We were inducted in the Council of Ministers at the same time, and then I came to know that he reflected the sublime values of his father, Shri Lal Bahadur Shastri, Prime Minister of this country, who lives on in our memories and in our hearts.

    I am therefore grateful to you for affording this opportunity to me to confer this prestigious award on one of the finest human beings in the country at the moment, who exemplifies commitment to humanity in all facets, Smt. Rajashree Birla, the awardee. As luck would have it, this is the 25th award. Well earned, well deserved.

    Shri Sunil Kumar Gupta, Secretary to Vice president, distinguished members of Shastri family, I know them personally, distinguished members accompanying Rajashree ji, members of the jury and my commendations to you for having being so thoughtful that the reception of this award will be completely as per heart of the people and board of governors.

    Let me indicate my connection with the Birla family. It was sometime in the year 1970-71. The venue was a remote village in Jhunjhunu district.

    The occasion was late Sri G.D. Birla Ji being received by a relative of our family. There was to be a photograph. Everyone was lined up.

    The first row, G.D. Birla Ji was there at the centre. I was in the last row. Given the situation, my age, and the relationship I shared.

    So the family members had predominance, Then walked in the elder brother of G.D. Birla Ji. Now no one in the front row was prepared to yield a seat.

    Who would miss an occasion to be photographed with G.D. Birla Ji? G.D. Birla Ji quietly made the seat available for his elder brother. And he came to the last row. And put his hand on my young shoulder. I felt blessed by the man.

    Then I came to know about him more and what a sacrifice for the country. Imagine those difficult days, daunting scenario, rule of the British – repressive, oppressive, with full vengeance. He fuelled financially the freedom movement. He and great Gandhiji were so frugal in prudently utilising the funds that they would not bear the cost of transaction by paying banking commission.

    So the money was transferred as per record, authentic record. If needed at a place, it will be given by someone else so that every contribution is optimally utilised.

    All through his life, G.D. Birlaji stood for a value system worth emulation. We got independence man d then the lineage continues. My next association came with Aditya Birlaji. I was elected as I said along with Anil. In 89, I was a minister. There was a function at FICCI in 1990. It had to do something with the great personality of G.D. Birla ji.

    That was the day when the entire Council of Ministers were meeting and therefore obviously there was unavailability of a minister to join. I got a message from someone. That being a member of parliament from Jhunjhunu, a land with G.D. Birla family is well connected and the connect is incremental till date.

    Birlaji reflects it nationally and globally. I sought leave of my prime minister then to attend that programme. It started a relationship of deep emotive nature with Aditya Birlaji who never had intervention of the kind which we see with politics. But he enquired about my political inclinations and invited me to industry house.

    I had the occasion to see two things there. One, We had lunch while others were also having lunch there. And the lunch was tailor made to suit the high productivity post lunch and nutrition value. And then I saw for the first time that Aditya Birlaji had brought about game changing paradigm shift in professionalism. He laid the firm foundations. We lost him early. But in the process he CREATED A group that is known for highest ethical standards and global presence.

    I came to know Kumar Manglam ji after I became Governor State of West Bengal. In Birla Park he was stranded on account of Covid. He was so scrupulous about the legal regime that he wouldn’t move, even though I undertook to facilitate.

    Then came a very sensitive moment and that moment was that someone known to him, he wanted to visit him because he was ailing, Just 300 metres away. But since there were restrictions Kumar wouldn’t negotiate those 300 metres without legal sanction. I had the occasion to have a conversation with him on several occasions on that time. He followed only the path of love. THAT reminds me what someone said rightly, If you wish to make democracy flourish and blossom. Never take shortcuts. These shortcuts are very painful. In times of need that turn out to be the most challenging and the longest and never ending. These shortcuts lead you into a tunnel when you need, when you don’t see light.

    Then, I came to occupy this position and came another occasion to interact with the family. I spent some of the most rewarding moments of my life along with family members  and had the occasion to personally interact with the family. The credit for that invariably goes to the awardee. Awardee of this prestigious award!

    For three decades with commitment that exemplifies our civilisational depth and ethos, She has been serving Humanity in a varied of forms of education and health care in a very spread out manner and least giving importance to public domain coverage. It is rightly said that wisdom is reflected not by what is written but by….

    The best Ambassador is the one who propels an idea through word of mouth. So I can say she stands out tall amongst those at the moment who are serving humanity BY optimal utilisation of corporate social Responsibility by following its funding where it is most needed and therefore this award Is well earned Well deserved.

    She has got many awards as I indicated Padam Bhushan. Her son has got Padam Bhushan, when I had the occasion to greet the family by virtue of being Vice- President. But there are some people who do justice. It makes us reflect Yes it has been given to the right person and therefore my congratulations to the jury for having picked up one at the right time because we need in this country In this challenging scenario, when the country is on the rise, the rise is as never before, the rise is exponential and incremental.

    In the process we must not lose the guiding principle, the lighthouse that reminds us of our values. What we see is simplicity defined, disarming charm, a connect that makes the other person at ease and then I come to the person whose memory the award is Lal Bahadur Shastri. The very name reminds of patriotism, the very name reminds of a system that yes this is commitment.

    Shastriji Defines public service, Shastriji stood for self-sacrifice, Shastriji exemplified by conduct by practise not my sermonising. The entire nation stood with him when we faced the near hunger crisis. He was the first one to innovate Participation of the people by a clarion call. Avoid a meal, if I am not mistaken.

    Diminutive like there but a tall figure there are personalities that are not required we sustained by event management or systemic acting. They live in our memory, they guide us, they inspire us, they motivate us. His clarion call I belong to both categories as a matter of fact, jawan and kisan was not just a call. The call was generated by then contemporaneous scenario, a threat of unimaginable dimension.

    Imagine the scene, under which he took charge, he was the only one who could take it. Look at the highest standards of public life, when he was holding a ministerial portfolio and then there was a lapse not because of him but he went beyond the copybook. He took the entire responsibility and was persuaded to be minister without portfolio. I see the family continue in the same stream, they have lived by his principles.

    We are living in times where iconic status is accorded by event management on parameters that are baffling. People are elevated to a level which we can’t digest. They occupy public space but a paradigm shift has taken place. For instance, Padma Awards, our civilian Awards, our prestigious Civilian awards. They are being conferred on people who imminently deserve it, and that is why the award carries a greater credibility.

    This one also is in the same stream, I have been associated on two occasions, maybe more and for me, what can be a greater attainment in life, that who was just in Sainik School class seven when we lost Shastri ji. The one who looked at in great awe the traditions of the great Bidla family is now in a position. A moment that will ever be etched in my memory that I am only one of the greatest contributors of the Bidla family to humanity, Smt. Rajashree Birla and the award carries the tag of one of the finest sons of the soil whose memory will never fade.

    I will always be by your side, as you were by my side when were holding the ministerial portfolio. Once again, I feel humbled, honoured, and highly privileged one of the rare moments of privilege for me to confer an award in the name of Lal Bahadur Shastri on Smt. Rajashree Birla.

    Namaskar!

    Thank You.

    ****

    JK/RC/SM

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: INDIAN ARMY TO CONDUCT CHANAKYA DEFENCE DIALOGUE – 2024 ON 24-25 OCTOBER : CURTAIN RAISER CONDUCTED TODAY

    Source: Government of India (2)

    Posted On: 01 OCT 2024 3:21PM by PIB Delhi

    The Indian Army, in collaboration with the Centre for Land Warfare Studies (CLAWS), is set to conduct the Second Edition of its flagship event, Chanakya Defence Dialogue-2024 on the theme “Drivers in Nation Building: Fuelling Growth through Comprehensive Security”. The much-awaited event, will be conducted on 24thand 25thOctober 2024 at Manekshaw Centre, New Delhi.

    At the Curtain Raiser event held today at New Delhi, General Upendra Dwivedi, Chief of the Army Staff, reflected on Indian Army’s vision of a resilient, secure and prosperous Bharat@2047, sharing his views on various issues related to national and global security, as also contribution of the Indian Army in nation building.

    The COAS shared his thoughts on the theme “Pillars of Security: Powering India’s Path to Viksit Bharat by 2047” in a Fireside Chat. The Chat provided an engaging platform to discuss the role of Indian Armed Forces as Net Security provider in India’s development trajectory. The COAS underscored Indian Army and the importance of robust security frameworks ranging from defence readiness to internal stability for fostering an environment conducive to economic growth and innovation. The conversation highlighted the need for a multi-faceted approach, emphasising collaboration between government, industry, and civil society to address emerging challenges. By framing security as a foundational pillar of national development, the discussion underscored the vision of a prosperous and secure India by 2047, encouraging proactive strategies that align security with the broader goals of societal advancement and sustainable growth.

    The Fireside Chat was followed by a panel discussion chaired by Lt Gen NS Raja Subramani, the Vice Chief of the Army Staff. The discussion was titled “Secure Nation and Prosperous Future: Bridging National Security with Growth and Development“. This session explored strategies to create a secure environment that fosters innovation and fuels development. By framing security as a fundamental pillar in India’s journey toward a developed nation by 2047, the dialogue underscored the critical importance of aligning defence initiatives with national prosperity and social progress. The discussion featured Shri Oken Tayeng, MLA Arunachal Pradesh, Mr SS Sarma, Director (Operations), Cert-in, Lt Gen PR Shankar (Retired), a renowned strategist and Lt Gen (Dr) Madhuri Kanitkar (Retired), a shining example of women empowerment in the Indian Armed Forces. The participants during the discussion expressed their views on a wide range of subjects including Border Area Development, Youth, Sports and Women Empowerment towards nation building.

    The Curtain Raiser event demonstrated a glimpse of the main event and highlighted the multifaceted dimensions of security, its impact on national growth and role played by the Indian Army in achieving India’s vision of ‘Viksit Bharat’. The second Chanakya Defence Dialogue will facilitate in- depth discussions, foster strategic partnerships and contribute to the formulation of actionable insights for enhancing national security and development. It will provide a platform for national and international leaders, policymakers and subject matter experts to share their expertise and contribute to the discourse on security through development.

    ******

    SC

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    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Representative Adriano Espaillat Presents Landmark U.S.- Dominican Republic Open Skies Agreement

    Source: United States House of Representatives – Congressman Adriano Espaillat (NY-13)

    ESPAILLAT HIGHLIGHTS THE SIGNIFICANCE OF THE HISTORIC OPEN SKIES AGREEMENT IN STRENGTHENING BILATERAL RELATIONS, BOOSTING ECONOMIC AND TRAVEL OPPORTUNITIES

    NEW YORK, NY – Today, Representative Adriano Espaillat (NY-13) presented the historic Cielos Abiertos (Open Skies) agreement between the United States and the Dominican Republic, at an event held at the Juan Pablo Duarte School in New York. The presentation, which was attended by President of the Dominican Republic, the Honorable Luis Abinader; New York City Mayor Eric Adams; U.S. Under Secretary of State for Economic Growth, Energy, and the Environment José W. Fernandez; ministers of the Dominican government; and numerous New York elected officials, underscored the landmark deal’s pivotal role in strengthening bilateral ties, spurring economic growth, and expanding travel opportunities between the two nations. 

    The Open Skies (Cielos Abiertos) agreement, signed on August 5, 2024, came after more than two decades of negotiations, with Representative Espaillat playing a crucial role in advocating for its finalization. During his speech at the event, Rep. Espaillat emphasized the transformative nature of the agreement, which will open up new air routes, increase competition among airlines, and significantly reduce flight costs for travelers between the U.S. and the Dominican Republic. 

    “Today’s Open Skies agreement marks a new chapter in U.S.-Dominican relations,” said Espaillat. “This agreement will have a profound impact on Dominican American families, businesses, and tourists, offering more flight options and making travel more affordable. By increasing competition, this deal ensures lower airline fares and more frequent travel opportunities for consumers between our two nations.” 

    For years, Dominican American families have faced limited flight options and exorbitant prices for travel to and from the Dominican Republic, particularly during peak travel seasons. Rep. Espaillat has long advocated for solutions to these challenges, and the Open Skies agreement addresses these concerns by providing more affordable and accessible air travel. 

    The agreement also promises to boost tourism and economic growth in both nations. By increasing flight availability and reducing costs, the deal is expected to drive job creation and enhance commercial ties between the United States and the Dominican Republic. 

    “Open Skies is not only about making air travel easier,” continued Espaillat. “It ensures stronger connections between our people, strengthening our economies, and reinforcing the deep, historic ties that unite our two great nations.” 

    The event was also attended by a number of high-profile leaders, including Dominican President Luis Abinader, New York City Mayor Eric Adams, and U.S. Under Secretary of State José W. Fernandez, who emphasized the significance of this agreement in the context of U.S. foreign policy.

    Rep. Espaillat’s advocacy for the Open Skies agreement reflects his continued commitment representing the Dominican American community while fostering strong, mutually beneficial relations between the United States and the Dominican Republic.

    ###

    Representative Espaillat is the first Dominican American to serve in the U.S. House of Representatives and his congressional district includes Harlem, East Harlem, West Harlem, Hamilton Heights, Washington Heights, Inwood, Marble Hill and the north-west Bronx. First elected to Congress in 2016, Representative Espaillat is serving his fourth term in Congress. Representative Espaillat currently serves as a member of the influential U.S. House Committee on Appropriations responsible for funding the federal government’s vital activities and serves as Ranking Member of the Legislative Branch Subcommittee of the committee during the 118th Congress. He is also a member of the House Budget Committee and the Congressional Hispanic Caucus (CHC), where he serves in a leadership role as the Deputy Chair as well as Chair of the Congressional Hispanic Caucus Institute (CHCI). Rep. Espaillat is a member of the Congressional Progressive Caucus (CPC) and serves as a Senior Whip of the Democratic Caucus. To find out more about Rep. Espaillat, visit online at https://espaillat.house.gov/.

    Media inquiries: Candace Person at Candace.Person@mail.house.gov 

    MIL OSI USA News –

  • MIL-OSI Video: Panel discussion: Macroprudential policy beyond banking

    Source: European Central Bank (video statements)

    While the macroprudential framework for the banking sector has been in place for several years, its equivalent for non-bank financial institutions is still emerging. This panel discussion on macroprudential policy beyond banking will be particularly relevant in light of the review of the macroprudential framework for non-banks that the European Commission is conducting in 2024.

    Chair: Luis de Guindos, Vice-President, European Central Bank

    Panellists:

    Petra Hielkema, Chair, EIOPA
    Steffen Kern, Chief Economist, ESMA
    Javier Suarez, Professor, Centre for Monetary and Financial Studies, Member of the ESRB Advisory Scientific Committee
    Dimitrios Tsomocos, Professor and Fellow by Special Election, University of Oxford

    https://www.youtube.com/watch?v=9m3a87zJ2gw

    MIL OSI Video –

  • MIL-OSI United Kingdom: Mayor announces further investment to counter hate crime and extremism as Middle East crisis deepens

    Source: Mayor of London

    Mayor announces further investment to counter hate crime and extremism as Middle East crisis deepens

    • New £875,000 investment by Mayor will empower grassroot groups to tackle hate, intolerance and extremism in their communities.
    • Mayor calls for Londoners to stand united and not let the appalling escalation in the conflict in Lebanon and Israel lead to an increase in hate crime here.
    • Action will work to counter steep rises in antisemitic and Islamophobic hate crime and the growth of far-right narratives online.
    • Latest funding forms part of the Mayor’s record £15million investment to tackle hate and extremism as new figures show record-breaking numbers of young people being arrested for terrorism offences.

    The Mayor of London, Sadiq Khan, has today announced a further £875,000 investment for grassroots community projects to tackle hate, intolerance, extremism, radicalisation and terrorism in the capital.

    The funding will empower grassroot groups across London to bring communities together and counter steep rises in antisemitic and Islamophobic hate crimes1 and the growth of far-right narratives online over the past year.

    The action comes amid calls for unity from the Mayor who continues to work closely with the police and community leaders to ensure everyone in the capital feels safe and is safe amid the appalling escalation in the conflict in Lebanon, Israel, Gaza and the wider region. 

    The announcement forms part of the Mayor’s record £15million investment2– more than any other mayor – to support victims of hate crime and tackle hate and extremism in London’s communities. It comes as new Home Office figures show record-breaking numbers of young people aged below 17 are being arrested on suspicion of terrorism offences. 3

    The funding will support 20 groups including The Anne Frank Trust UK to deliver workshops that challenge anti-Jewish and anti-Muslim hate; Stand Up! – an interfaith project which brings Jewish and Muslim educators into the classroom to facilitate informal conversations with young people and empower them to act against racism and discrimination with a specific focus on antisemitism and Islamophobia; and EXIT Hate UK which works with young people aged 14-18 to help them understand the dangers posed by extreme right-wing ideologies.

    The Mayor’s Shared Endeavour Fund is working to empower Londoners of all ages to challenge hateful views in their communities, better protect those vulnerable to radicalisation and stop the spread of growing hateful ideologies including the far-right. Since the grassroots fund was launched in 2020, £4million has been invested in 95 completed projects which has included delivery in each London borough with more than 140,000 Londoners having benefited. A further 20 projects will be delivered over the next 6 months with more than 50,000 Londoners expected to benefit as a result of the Mayor’s latest investment which will deliver workshops, educational activities and interfaith community programmes.

    The latest independent evaluation of the Shared Endeavour Fund found that the Mayor’s investment is working to build Londoners’ resilience to radicalisation and extremist recruitment as well as reducing racism, intolerance, hate and extremism in the capital. 4

    The funding comes just ahead of the first anniversary of the horrific Hamas attacks on October 7th, actions of the IDF in Gaza, the devastating ensuing conflict and appalling humanitarian and hostage crisis which continues to impact so many Londoners – particularly those with family and friends in Israel, Gaza, Lebanon, the West Bank and the wider region. 

    It also follows recent disorder in the UK this July which was largely fuelled by misinformation, racism and extremism promoted by far-right groups online.

    The latest action is part of a package of measures by the Mayor to tackle rising hate crime and misinformation and is being delivered alongside continued work with the Met Police and community leaders to ensure all of London’s communities feel safe and are safe.

    The Mayor of London, Sadiq Khan, said: “We know that an escalation in conflict in the Middle East often leads to an increase in hate crime here in London. With the appalling further escalation of the conflict in Lebanon, Israel, Gaza and the region, I’m appealing to Londoners to continue to look out for their friends and neighbours whatever their faith and backgrounds and stand united against all forms of hate.

    “We have seen an abhorrent and completely unacceptable rise in hate crime over the last year – particularly antisemitism and Islamophobia which has profoundly impacted our Jewish and Muslim communities in London. I’m determined to continue to work in partnership with community, faith and police leaders to ensure everyone in the capital feels safe and is safe.

    “Hate crime comes in many forms and I’m determined to tackle it head on by investing in grassroots projects which empower our communities to stand up to hate and intolerance where they are, so that we can stop the spread of hateful narratives, reject extremist ideologies and do more to safeguard vulnerable young Londoners from radicalisation and misinformation online.

    “At a time of rising tension and online hate, this scheme will continue to build bridges across communities, embrace what we have in common and help ensure Londoners of all backgrounds and faiths feel welcome, safe and can thrive.”

    Met Assistant Commissioner, Matt Twist, said: “Nobody should feel unsafe or in fear going about their lives in this city, certainly not on the basis of their race or religion.

    “Since October last year we have seen a really concerning rise in hate crime with both antisemitic and Islamophobic offences increasing significantly. For the past year we have had a dedicated policing operation tackling hate crime in communities, responding to significant protest, countering extremism and terrorism, and working to provide reassurance particularly in parts of London with significant Jewish and Muslim populations.

    “As the situation in the Middle East becomes less certain once again, we know that fears and tensions will rise here at home too. Our work, which is underpinned by engagement with community representatives and with our key partners, will continue. Together, we are determined to demonstrate that there will be no tolerance for hate crime in London.”

    Ruth Martin, Grants Team Manager at Groundwork London, said:  “Groundwork London supports London’s diverse communities to ensure the capital is a vibrant, safe, and respectful place for everyone. We are proud to continue working with MOPAC to support the Shared Endeavour Fund, which is now in its fifth year. So far, the fund has supported over 90 initiatives across London, which has impacted over 140,000 Londoners. We look forward to working with new and returning grant recipients as they deliver their projects to counter hate, intolerance and radicalisation in their communities and reach those most in need.”

    Zaynab Albadry, Project Manager, Stand Up Education Against Discrimination, said: “The Stand Up! Education Against Discrimination project has been awarded funding by the Mayor’s Shared Endeavour Fund for 5 consecutive years. Tens of thousands of young people have participated in free anti-discrimination workshops raising awareness about racism and prejudice and empowering them to act against hate, discrimination, antisemitism, and anti-Muslim hate.

    “Our partners, the CST and Tell MAMA have warned of the growth in both anti-Muslim hate and antisemitism, with incidents targeting these communities worryingly becoming more aggressive. Thanks to this latest funding, even more young Londoners will meet our Jewish and Muslim facilitators to breakdown misconceptions and stereotypes targeting minority communities. Through this project participants will be assisted to navigate difficult climates and issues to feel empowered becoming the leaders of tomorrow, modelling a respective and welcoming environment for their communities and wider British Society.”

    Tim Robertson, Chief Executive of The Anne Frank Trust UK, said: “Educating against prejudice is an urgent national priority, and we’re experts at it here at the Anne Frank Trust UK. But finding the necessary funding is really tough right now. So I’m massively grateful to the Mayor of London’s Shared Endeavour Fund for enabling us to bring our programme to thousands of young Londoners. This is totally the right initiative at exactly the right time.”

    Nigel Bromage, Founder of EXIT Hate UK, said: “Funding from MOPAC’s Shared Endeavour Fund is crucial to combating hate, extremism and terrorism.  Through the Mayor of London’s funding we have been able to deliver impactful projects year on year which challenge Far Right hate narratives and boost the capacity of frontline practitioners and family members to keep those vulnerable to radicalisation safe.

    “This year’s delivery is more important than ever with the risk of Far Right extremism increasing in the aftermath of horrific recent disorder across parts of the country. We will be working with even more frontline practitioners and young Londoners to provide awareness raising on the dangers of Far Right radicalisation whilst also providing non-judgemental help and support to those that need it.”

    MIL OSI United Kingdom –

  • MIL-OSI Video: How refugees contribute to progress – UNHCR youth representative Krista Rivas| #UNGA79 People Series

    Source: United Nations (Video News)

    Krista Belén Rivas Gutiérrez, Regional Leader of the Tertiary Refugee Student Network (TRSN) in Latin America, explains how people on the move contribute to progress in society as a whole. A youth representative for the United Nations High Commissioner for Refugees (UNHCR), she says refugees joining forces with governments and other partners will benefit all.

    https://www.youtube.com/watch?v=JIxNY2DfF9U

    MIL OSI Video –

  • MIL-OSI Translation: ASIA/NEPAL – Floods and thousands of displaced people: “Critical situation”, says the pro-Vicar

    MIL OSI Translation. Region: Italy –

    Source: The Holy See in Italian

    Caritas Nepal

    Kathmandu (Agenzia Fides) – “We have had three days of heavy rains and floods, which occurred from many small rivers and streams that overflowed. They are among the most intense that Nepal has ever seen in recent decades”, says to Agenzia Fides Fr. Silas Bogati, pro Apostolic Vicar of Nepal. “Now there is great suffering, thousands of people have lost their homes and everything they had at home, many do not know where to sleep. The situation is critical in Kathmandu and in many other areas of the country”, he notes. The pro-Vicar is located in the small village of Godavari, a few kilometers from the capital Kathmandu, where there is a Catholic Pastoral Center that carries out various activities. “Even some Catholic families who live here, near the river, are in conditions of poverty and penury. They have nothing. But there is already an effort of solidarity to help them”, he notes. The heavy rains that hit Nepal between 27 and 28 September caused widespread floods that affected thousands of families. According to initial estimates by government authorities, some 217 people, including 35 children, have lost their lives, while over 130 are injured and at least 26 are missing. Hundreds of homes have been damaged. Landslides, mud and debris have blocked major roads, both in the capital and in other districts, hindering relief efforts and access to essential services. In addition, 13 major hospitals have been damaged and water supplies are cut off in many areas, with damaging, sometimes life-threatening, consequences for health and nutrition. There are fears of an outbreak of waterborne (such as cholera) and vector-borne (such as dengue fever) epidemics. “The damage to 54 schools deprives more than 10,000 boys and girls of access to safe learning spaces,” UNICEF said. “Schools are closed and roads impassable, there is mud everywhere, here in Godavari and in the capital. Now Caritas Nepal is assessing the situation and will seek a prompt response to help the displaced, who have no food or clothing, nor a place to spend the night. Some volunteers from our parishes have already started working and are helping to clean the mud from the houses that are still habitable”, continues Fr. Silas Bogati. “In this situation of suffering and precariousness, we try to do our part, bringing aid and showing solidarity to all those in need. We will need help from abroad”, he concludes. Nepal is a country of about 30 million inhabitants with a Hindu majority (80%), while Christians of various confessions make up about 1% overall, including about 8 thousand Catholics. (PA) (Agenzia Fides 1/10/2024) Share:

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Translation: MISSIONARY OCTOBER 2024 – Cardinal Marengo: the novelty of the first announcement of the Gospel should not be ‘evaporated’ in generic speeches on the mission

    MIL OSI Translation. Region: Italy –

    Source: The Holy See in Italian

    Tuesday, October 1, 2024

    Photo Teresa Tseng Kuang Yi

    by Gianni ValenteUlaanbaatar (Agenzia Fides) – «There is a specificity of the first announcement of the Gospel. And when we reflect on the mission of the Church, I would like to speak out in favor of this specificity”, which “should not be evaporated in an overly generic discussion on the mission”. October begins, the month that the Church dedicates, in addition to the Rosary, also to the mission. And Cardinal Giorgio Marengo, Consolata missionary, Apostolic Prefect of Ulaanbaatar, takes advantage of the opportunity to share in a conversation with Agenzia Fides bright ideas full of apostolic passion for missionary work. This year too, as often happens , “Missionary October” is intertwined with the work in Rome of the Assembly of the Synod of Bishops, in which Cardinal Marengo also takes part. And that meeting is also called to deal with the missionary horizon of every authentic ecclesial work, as is clear from the title (“For a synodal Church: communion, participation and mission”). Cardinal Marengo, perhaps this cannot be insisted upon enough on the missionary nature of the Church and on the call of all the baptized to the mission? CARDINAL GIORGIO MARENGO: The rediscovery of the call to all be missionaries, inscribed in baptism, was in many ways providential. But now the specificity of the missionary vocation called “ad gentes” seems to have been somewhat lost sight of. It is as if, in the era of globalization and the apparent reduction of geographical distances, there was no longer any place for this horizon of missionary work. . which involves leaving and inserting oneself into human contexts different from one’s own. Instead, I believe, precisely in our time it is appropriate to recognize that there is a specificity of the first announcement of the Gospel, of the Gospel announced to those who don’t really know what it is. It is important that this specificity is not diluted, not evaporated in an overly generic discussion on the mission. In this time, precisely perceiving and always taking into account this specificity seems vital to me for all the work of the Church in the world, and for its journey in history. Because this specificity of the first announcement for you must not be removed and is crucial in the dynamism missionary of the Church?MARENGO: If belonging to the Church means walking together with Jesus and behind Jesus, the mission can be described and formulated as “making the encounter with Christ possible”. This encounter can always take place in ways unknown to us. But normally the impact with a human reality remains necessary. A human reality that facilitates and makes the encounter with Christ possible. Because this experience is always transmitted through attraction and contact. And this dynamism manifests itself and is clearly perceived especially where the real possibilities of coming into contact in some way with the person of Christ are objectively few. For example, in places where the Church does not exist or is in a nascent state of Church, as in the case of Mongolia. You belong to a missionary institute. And in recent decades there has been a clear numerical decline in the members of these Institutes. MARENGO: Perhaps there will no longer be a need for large numbers as there once was, and we should not be shocked that missionary Institutes are decreasing in number. But even with less impact, the perennial need to announce the Gospel which gave rise to the birth of those Institutes remains alive. The specificity of the “Missio ad gentes” you referred to evokes what were the “mission territories”, areas which now are defined as the “South of the world” or global South”. Is this identification still valid? MARENGO: Rather than slipping into the insidious terrain of socio-political formulas and definitions, those which for example refer to the “north” and “south” of the world, it is better to stick to purely ecclesial criteria. This specificity has to do with real exposure to the announcement of the Gospel. It is a question of seeing whether in different social contexts there is the possibility of real exposure to the Gospel, because in that given context the Gospel is in some way actually announced, or whether this does not happen. Always taking into account all the particular situations and their diversities. What diversities? MARENGO: It’s one thing to live in places where the Church is established with all the charisms and ministries, and it’s another to have a Church with only one native priest, like it happens here in Mongolia. It’s one thing to find yourself in societies that are extremely critical of Christianity, due to the weight of history. And a con is interacting with societies that are not in themselves against and hypercritical towards the Church, because their stories have never intertwined. In different contexts and situations, the mission of the first announcement is the one that in any case makes one experience the novelty of Christian faith. Both when this happens in contexts that have not historically dealt with it, and when it is rediscovered as a novelty in places where it has shaped previous generations, but has now somehow evaporated from the common horizon. What are the elementary and specific traits of mission of the first announcement? MARENGO: God our Father did not send a message, but became flesh by sending his only Son. God lowered himself to embrace the human condition. And by analogy, even the mission, since then, is called to submit to the laws of time and space, having Jesus as its model. If the message of Christ were a mere message, a teaching of life, there would have been no need to ask men and women to go to the ends of the world, as Jesus himself does in the Gospel. Jesus became part of a people and a defined culture. Thirty years of hidden life, three years of explicit activity and three days of passion, which lead to the resurrection. All those who follow him are called to let themselves be shaped by the Holy Spirit to live the same mystery. This is the mission. Submitting to the laws of space and time by following Jesus frees us to abstractions and embraces all the effort and patience of missionary work, which may appear “useless” and “fruitless”….MARENGO: Let’s think about the time spent on learn difficult and distant languages, to immerse yourself deeply and respectfully in the cultures of the people you live with. Everything presupposes understanding, friendly closeness to grow a relationship of trust. Much of the missionary effort is aimed precisely at identifying with the context and creating these conditions of mutual trust, in order to then share our treasure with others, what we hold most dear. This “patience” of the long times of the mission is not out of line with respect to the fast dynamics of the present time? MARENGO: Perhaps someone today might think that it is more effective to invest in communication to obtain measurable impacts on public opinion. But the Gospel is not communicated as an idea or as one of the options on a menu. This is marketing. Sometimes we have a tendency to make theories about the mission, or to organize strategies with social or humanitarian actions that we present as useful things for what we call “announcement”. Up to the illusion of a Church that is built “by project”. How do you perceive the current urgencies of the missionary work of the Church from your point of view in Ulaanbaatar? MARENGO: I am amazed by the growing interest of writers, journalists and scholars of the Church in the our small Church in Mongolia, in which they see a mission experience similar to that of the Acts of the Apostles. The Apostles bore witness to the Lord Jesus in conditions of absolute minority compared to the social and cultural contexts in which they moved. Their work had connotations of marginality and novelty. The experience of first contact with the Gospel on the part of people and social realities who had never encountered it until then occurs again in Mongolia. Those who are interested in our Church sometimes tell me that from associating with our poor and small experience, advantages and inspiration can also come for the situations experienced in post-Christian societies, where even a vague common reference to Christianity can no longer be given taken for granted, as it was in the past. Also in a recent conference at the Institut Catholique in Paris, you referred to the “register of discretion” which must always characterize missionary work. What are you referring to? MARENGO: What makes the encounter with Christ possible is always his Holy Spirit, and not our methodologies or precautions. But perhaps his work will find fewer obstacles if those who want to serve the Gospel become close to their brothers and sisters for who they are, announcing the resurrection of Christ with discretion. The Lazarist Father Giuseppe Gabet in 1840, after his first trip to Outer Mongolia, wrote to Propaganda Fide: «The first appearance of Europeans among the Mongols and Tibetans is a very delicate undertaking, and the success of preaching among these peoples will depend on long from the degree of discretion demonstrated”. You participated in the Plenary of the Dicastery for Evangelization (Section for the first evangelization and the new particular Churches) dedicated to the Pontifical Urbaniana University. How do you see the present and future of that University?MARENGO: During the mass in the Singapore Stadium, Pope Francis recalled a letter from Saint Francis Xavier to his first Jesuit companions, in which the great missionary spoke of his desire to go to all university of his time to “shout here and there like a madman” and shake up the intellectuals who engaged in endless discussions, to push them to become missionaries to serve the charity of Christ. In this time perhaps we also need a theological study of the mission, we need academic paths that help to recognize and re-propose the perennial urgency of announcing the Gospel, especially in situations of first evangelization. Who knows, perhaps through this very path the Pontifical University, with all its history, might be able to renew and realize the dream of Saint Francis Xavier today. (Agenzia Fides 1/10/2024)Share:

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Video: Panel discussion: Systemic liquidity

    Source: European Central Bank (video statements)

    This panel discussed systemic liquidity risk, highlighting how market and funding strains can affect the financial system, often necessitating intervention from central banks and authorities. The panel explored methods for detecting and addressing vulnerabilities proactively, and strategies for mitigating the impact if such risks materialise.

    Chair: Stephen Cecchetti, Professor, Brandeis International Business School, Vice-Chair of the ESRB Advisory Scientific Committee

    Panellists:

    Linda Goldberg, Financial Research Adviser, Federal Reserve Bank of New York

    Rafael Repullo, Professor, Centre for Monetary and Financial Studies

    Hyun Song Shin, Economic Adviser, Bank for International Settlements

    Erik Thedéen, Governor, Sveriges Riksbank

    https://www.youtube.com/watch?v=tVwtRNBPfq0

    MIL OSI Video –

  • MIL-OSI Video: Panel discussion: Artificial Intelligence and systemic risk

    Source: European Central Bank (video statements)

    This panel discussion aims to explore how AI is reshaping the landscape of financial stability and systemic risk, from the perspective of industry practitioners and academics. The panel addressED both opportunities and challenges that lie ahead in integrating advanced AI technologies within Europe’s financial system.

    Chair: Andréa Maechler, Deputy General Manager, Bank for International Settlements

    Panellists:

    Zanna Iscenko, Principal Economist, Google
    Sudeep Kesh, Chief Innovation Officer, S&P Global Ratings
    Robin Lumsdaine, Professor, American University, Member of the ESRB Advisory Scientific Committee
    Dirk Zetzsche, Professor, University of Luxembourg

    https://www.youtube.com/watch?v=maB_XJw9JMU

    MIL OSI Video –

  • MIL-OSI Video: Winner of the 2024 Edition of the Ieke van den Burg prize

    Source: European Central Bank (video statements)

    The ESRB’s Advisory Scientific Committee awards the Ieke van den Burg prize to recognise outstanding research conducted by young scholars on a topic related to the ESRB’s mission. Tsvetelina Nenova presented her paper “Global or Regional Safe Assets: Evidence from Bond Substitution Patterns”, which has won the 2024 Edition of the prize.

    Chair: Loriana Pelizzon, Professor, SAFE/Goethe University, Vice-Chair of the ESRB Advisory Scientific Committee

    Winner: Tsvetelina Nenova, Economist, Bank for International Settlements

    https://www.youtube.com/watch?v=N4hmdkAiN_U

    MIL OSI Video –

  • MIL-OSI Submissions: Universities – Earthly pleasures: Ecologists show how ‘white noise’ is ‘music’ to microbes – Flinders

    Source: Flinders University

    Music and noise can evoke many responses in humans. Now Flinders University scientists are using soundwaves in soil to aid ecosystem recovery.  
    In their latest study, experts led by microbial ecologist Dr Jake Robinson, demonstrate the benefits of acoustic stimulation on the growth rate and sporulation of a plant growth-promoting fungus.  
    “In our experiments, we show that the acoustic stimulation resulted in increased fungal biomass and enhanced Trichoderma harzianum spore activity compared to controls,” says Dr Robinson in a new article in Biology Letters.  
    “We strive to find novel ways to speed up and improve levels of beneficial fungi and other microbes in degraded soils. It could have wide-ranging benefits for restoring degraded landscapes and farming land to feed the world.”

    The researchers previously found a monotonous ‘white noise’ – set at 80 dB sound pressure level – also increased a similar response in soil bacteria E. Coli.
    “Think of the monotone sound an old-school radio makes in between channels,” explains Dr Robinson.  

    The fungus T. harzianum was selected for the latest study because of its known beneficial effects on plants, such as disease protection, plant growth and improved nutrient utilisation. In agriculture, it has been shown to parasitises other fungi which are often plant pathogens.    
    Dr Robinson says one of the next steps will be to study the benefits of various microbial growth on plant health, and then seek to scale up the experiment outside the lab.  
    “While still in its early stages, the next steps will involve studying the microbiome response mechanisms, the flow-on effect on plants and how to work out how to scale it up in the field. 
    “We also need to understand whether this approach could have any potential cascading or unintended consequences,” he adds.  
    In the absence of large-scale ecosystem restoration and effective monitoring strategies, 95% of the Earth’s land is projected to be degraded by 2050. The United Nations’ global initiative – the Decade of Ecosystem Restoration 2021-2030 – forecasts that 75% of the world’s soils described as degradation could increase to more than 90% by 2050. 
    Urbanisation, deforestation, overgrazing and other harmful practices has led us to this dire situation, which is now affecting human health and undermining food production and natural ecosystems, researchers say.
    Coauthor of the new article, Associate Professor Martin Breed from the Restoration Ecology lab at Flinders University’s College of Science and Engineering, says the potential for this kind of approach is vital in a bid to head off biodiversity loss and speed up ecosystem restoration. 
    Sonic restoration: acoustic stimulation enhances plant growth-promoting fungi activity (2024) by Jake M Robinson, Amy Annells, Christian Cando-Dumancela and Martin F Breed will be published in Biology Letters (Royal Society Publishing) on 2 October 2024. 
    Funding: M Breed is funded by the Australian Research Council (grants DP210101932, LP190100051 and LP190100484) and the New Zealand Ministry of Business Innovation and Employment (grant UOWX2101).
    Acknowledgements. We acknowledge that this research was conducted on the land of the Kaurna people in Tarntanya (Adelaide, South Australia).

    MIL OSI – Submitted News –

  • MIL-OSI Economics: Interactions between monetary policy, regulation and financial markets | Video message at the Conference on Markets and Intermediaries

    Source: Bundesbank

    Check against delivery.

    1 Introduction

    Ladies and gentlemen,

    Good morning and welcome to the Conference on Markets and Intermediaries, an event jointly organised by the Bundesbank and the Humboldt-Universität zu Berlin.

    In my opening speech, I will take you on a helicopter tour of the programme and share some thoughts on the topics that will be covered over the next two days. The programme certainly does cover a wide range of topics. It addresses current challenges facing financial markets, financial intermediaries, and central banks.

    Since the Great Financial Crisis, central banks worldwide have expanded their balance sheets, injected additional liquidity into the financial system, and broadened their collateral frameworks. In addition, financial regulation has been adapted to make the financial system more stable.

    While these measures served useful purposes, they also had side effects, not least in money and capital markets. Policymakers and regulators are therefore well-advised to evaluate the effects of their measures.

    2 Non-bank financial institutions

    The first session is dedicated to non-bank financial institutions, or NBFIs.

    This sector includes, amongst others, insurers, investment funds, and money market and hedge funds. It is strongly interconnected, both with other sectors and across countries. Its share of the global financial system, as measured by total financial assets, is almost one-half.

    Clearly, it could be a source of systemic risks. But the risks presented by NBFIs often lie out of view. This makes them more difficult to monitor and assess. All the more important, then, to close data gaps and strengthen the resilience of the sector.

    One particular source of vulnerability are fire sales of open-ended funds. These are the subject of a paper that Rüdiger Weber is presenting this morning.[1]

    Open-ended funds are especially prone to fire sales because, during episodes of market stress, they often face significant pressure from investors who want to liquidate their holdings quickly. Fund managers may then be forced to offload fund assets at short notice. And if those assets are less liquid, they may have to sell them at lower prices. This may amplify price declines and liquidity shortages.

    Effective liquidity management and regulation are very important here. A recently published Bundesbank paper shows that price-based liquidity management tools help keep the financial fragility of open-ended mutual funds in check.[2]

    In times of stress, investors also try to protect their capital by shifting it into safer assets. However, this flight to safety can intensify the downward pressure on the prices of riskier assets as demand for the latter declines.

    The Financial Stability Board is doing important work in this field. But it is currently focused on microprudential regulation. I think the FSB’s work on this front needs to be complemented by the development of macroprudential regulation for the NBFI sector.

    In any case, we should not jeopardise what we have achieved in the banking regulation space by allowing stability risks to build up elsewhere in the financial system.

    3 Central bank digital currencies

    The second session is on central bank digital currencies (CBDC).

    CBDC is an issue that is keeping almost all central banks very busy at the moment. The Eurosystem is hard at work preparing for the potential introduction of a digital euro.

    As the world turns increasingly digital, the digital euro would provide a secure and efficient digital payment option that complements cash. It aims to strengthen Europe’s strategic autonomy by building on European infrastructures, and to promote innovation in the private sector.

    However, introducing a CBDC could also have unintended side effects. If bank customers were allowed to hold it in large amounts, periods of banking distress could trigger large, sudden shifts out of deposits into CBDC. This could lead to financial instability.

    And if CBDC were too attractive a substitute for deposits, commercial banks’ access to retail deposits could erode over time. Which could lead to structural disintermediation and call into question our proven two-tier banking system. It is therefore of the essence to design CBDC in a way that prevents these risks from materialising.

    The challenge is to optimise the usability of CBDC as a means of payment while at the same time limiting its effects on the market for bank deposits. Two decisive factors in this regard are remuneration and holding limits. Let me say a few words on each of these.

    Remuneration means the rate of interest on people’s holdings of CBDC. If that rate of interest were positive, holding CBDC would be more attractive. But at the same time, that would lead to outflows out of bank deposits.

    Based on a welfare-maximising model setting, Pascal Paul will argue later this afternoon that central banks should allow for a positive interest rate.[3] This stands in contrast to the intention of the Governing Council not to remunerate digital euro holdings.[4]

    Why are we not in favour of remuneration?

    Because our aim is to make the digital euro a digital complement to cash, and there is no remuneration for holding cash. We neither want to compete with commercial banks for deposits, nor do we want to employ the digital euro as a monetary policy instrument.

    The second, perhaps even more important, factor is holding limits. We intend to limit digital euro holdings to a certain amount, because we want to ensure the digital euro does not lead to large sudden shifts or disintermediation.

    The limits currently under discussion range from €500 to €3,000.[5] A recent Bundesbank paper finds that an optimal holding limit would be in a range between €1,500 and €2,500.[6] On the Governing Council, we have not yet taken a decision on the exact amount. What is more, EU legislators might be involved here.

    But as regards the practical usability of the digital euro, the exact limit does not play a major role anyway. This is because a reverse waterfall system, as it is called, would allow users to link their digital euro wallet to their bank account. They can then convert their bank deposits into digital euro automatically and instantly if their holdings are insufficient to make a payment.

    4 Banking and deposit flows

    Allowing users to convert an unlimited amount of deposits into CBDC would expose commercial banks to substantial run risk. In any case, zero or lower interest rates will not discourage them from doing that in times of crisis. However, digital bank runs can happen even without CBDC.

    The failure of Silicon Valley Bank and other regional banks in March 2023 showed how quickly customers can withdraw their deposits these days. At Silicon Valley Bank alone, customers pulled out USD 42 billion within the space of a single day, which equated to around one-quarter of total deposits. And another USD 100 billion would have been withdrawn a day later.[7] The depositors on the run were apparently account holders with uninsured deposits.

    Banking and deposit flows are the subject of Session 3. Dominic Cucic will present a paper showing that bank customers do indeed redistribute their deposits when deposit insurance limits change.[8] Credible and reliable deposit insurance helps to prevent bank runs and preserve financial stability.

    In the euro area, we currently have deposit insurance at the national level. Adding a European layer in the form of a hybrid model would help prevent situations where large shocks overwhelm national deposit insurance systems and lead to cross-border contagion.

    As a European layer should be risk-based, large exposures of banks to individual sovereigns are an issue. Currently, many banks hold a disproportionately large number of bonds issued by their domestic governments. If this were to continue, a common deposit insurance arrangement could lead to a redistribution of sovereign solvency risks.

    In my view, the new EU legislative session provides a good opportunity to move forward on both issues: with a reduction in banks’ exposures to individual sovereigns, and a common European deposit insurance system.

    5 Central bank interventions and market behaviour

    Session 4 of this conference focuses on the impact of central bank interventions on market behaviour. Both papers in this session underline that such central bank measures need to be carefully designed.[9]

    Central banks have taken a wide range of non-standard monetary policy measures to ensure sufficient monetary stimulus at the effective lower bound. But in the medium to long term, such policies may lead to inefficiencies. These could arise in financial markets themselves or in the allocation of resources affected by the boost to lending.

    This makes it all the more important to evaluate the instruments used and the lessons learned. It is therefore very fitting that we are currently carrying out a strategy review in the Eurosystem. Amongst other things, this will provide an opportunity to critically review the quantitative easing policies we have seen in the past.

    The extensive bond purchases contributed to price stability in an era of low inflation, but they were also associated with numerous side effects in financial markets. Without prejudging the outcome of the review, I think their use should be limited to exceptional circumstances.

    6 Conclusion

    Ladies and gentlemen,

    The conference concludes with a panel discussion on the ECB’s new operational framework. As I have already expressed my views on this on a different occasion,[10] I will end my speech by expressing my gratitude.

    Thanks to the organisers from the Bundesbank and Humboldt University for setting up this conference. Thanks to the presenters, discussants and panellists for sharing their insights. Thanks to all participants for their contributions. And special thanks to Annette Vissing-Jørgensen from the Federal Reserve Board, who will give a keynote on “Balance sheet policy above the effective lower bound”.[11]

    Now I wish you all an exciting conference with valuable insights.

    Thank you very much.

    Footnotes:

    1. Rzeźnik, A. and R. Weber (2022), Money in the Right Hands, mimeo.
    2. Dunne, P. et al. (2024), Financial fragility in open-ended mutual funds: the role of liquidity management tools, Bundesbank Discussion Paper, No 36/2024.
    3. Paul, P., M. Ulate and J. C. Wu (2024), A Macroeconomic Model of Central Bank Digital Currency, mimeo.
    4. European Central Bank (2023), A stocktake on the digital euro. Summary report on the investigation phase and outlook on the next phase, 18 October.
    5. Balz, B. (2024), Only balances of €500 allowed? What the digital euro is intended to deliver – and what not, Interview with Focus online, 5 June.
    6. Bidder, R., T. Jackson and M. Rottner (2024), CBDC and banks: Disintermediating fast and slow, Deutsche Bundesbank Discussion Paper, No 15/2024.
    7. Congressional Hearing Transcript, Recent Bank Failures and the Regulatory Response, Committee on Banking, Housing, and Urban Affairs, 28 March 2023.
    8. Cucic, D. et al. (2024), Distortive Effects of Deposit Insurance: Administrative Evidence from Deposit and Loan Accounts, mimeo.
    9. Eufinger, C. and Z. Ye (2024), Breaking Bagehot’s Rules: Loan Contracting with Advantageous Central Bank Funding, mimeo; Meisenzahl, R. R. and K. M. Pence, De-Limiting Arbitrage: Evidence from the Term Asset-Backed Securities Loan Facility, mimeo.
    10. Nagel, J. (2024), Reflections on the Eurosystem’s new operational framework, Speech at the Konstanz Seminar on Monetary Theory and Monetary Policy, 16 May.
    11. Vissing-Jørgensen, A. (2023), Balance Sheet Policy Above the ELB, ECB Forum on Central Banking, Sintra.

    MIL OSI Economics –

  • MIL-OSI Economics: Luis de Guindos: Expectations surveys, central banks and the economy

    Source: European Central Bank

    Welcome address by Luis de Guindos, Vice-President of the ECB, at the 5th joint ECB, Bank of Canada and Federal Reserve Bank of New York Conference on expectations surveys, central banks and the economy

    Frankfurt am Main, 1 October 2024

    It is my pleasure to welcome you to this fifth joint conference on expectations surveys organised by the European Central Bank, the Bank of Canada and the Federal Reserve Bank of New York.

    In my remarks today, I will delve into the fascinating world of expectations surveys and their relevance to central banks. I will review how useful expectations surveys have proven to be for central banks over the period since 2019, the year we held our first conference in this series. In addition, I will touch on the challenges facing central banks in using surveys. The fact that central banks generally operate under great uncertainty has come to the fore over the past five years. Today, too, we are facing huge uncertainty – not least in view of the many prevailing economic, financial and geopolitical risks. Yet, it is precisely in this unpredictable and highly complex landscape that surveys have come into their own.

    The return of survey expectations

    Over the past decade, central banks and other policymaking institutions have invested significantly in expectations surveys and have drawn increasingly on survey data for their policy analysis and research. These surveys cover consumers, firms, financial market participants and other experts, including professional forecasters. At the ECB, we can fortunately look to a wide array of such surveys covering diverse topics such as consumer expectations, household finance and consumption, access to finance of enterprises, the payment attitudes of consumers and bank lending. Since 2013, the ECB has also conducted a survey of wholesale market participants on credit terms and conditions, and it recently developed a new survey of monetary analysts to collect expert expectations about key monetary policy parameters and concepts. Finally, the ECB’s Survey of Professional Forecasters was launched back in 1999 at the start of Economic and Monetary Union. Its structured collection of data has supported a rich research programme investigating economic forecasts and expert expectations.[1]

    All ECB surveys can provide insights into how different economic agents form and update their expectations. They can reveal the potential biases in these expectations and the extent to which expectations feed into economic decisions. Surveys were indeed quite central to the economic debate in the 1950s and the 1960s but their role became more marginal when rational expectations were incorporated into economic modelling in the 1970s. Over the past ten years, however, economists have seen survey expectations clearly returning to the mainstream.[2] One could describe the recent growth in survey-based research as a “counter-revolution” following the earlier “revolution” centred on rational expectations. Today, while models based on rational expectations still form a useful reference point in our analysis and research, they are no longer thought to provide a solid basis for understanding business cycles, for gauging the risks of financial crises or for designing effective economic policies. The central insight gained from this new line of survey-based research is that many economic agents may systematically form expectations by using partial sets of information or by following subjective narratives about how the economy functions – for example by applying simple rules of thumb.[3] It is important to understand such subjective expectations, because these beliefs often underlie the economic choices and financial decisions that drive the economy.[4]

    Surveys have repeatedly proven their usefulness over the past five years. During the COVID-19 pandemic, they were especially useful in helping to track financial conditions for firms and households, as well as in estimating the labour market response to the pandemic shock. Online surveys were of great benefit during the pandemic as in-person survey interviews were hampered by lockdown restrictions. For example, the ECB’s Consumer Expectations Survey – an online survey which was fortuitously launched in early 2020 – helped us understand the severity of the pandemic-induced collapse in consumption and gauge the overall effectiveness of the major policy interventions by governments and other authorities at the time.[5]

    Insights from surveys during the recent period of high inflation

    More recently, the data collected in surveys strongly supported the analysis of the recent inflationary episode in the euro area.[6] During the early phase of the inflation surge in 2022, survey data helped to inform the central discussion on the likely persistence of the shock. For example, the observed increase in consumers’ medium-term expectations may have interacted with an increase in firms’ pricing power to make the original supply shocks more persistent than they would otherwise have been.[7]

    Forces that would gradually help bring inflation back down to our target were also visible in more recent survey data. For example, we could see how the rise in inflation and inflation expectations was acting as a major constraint on demand and consumer spending owing to its impact on real incomes. In August 2023 respondents to the ECB’s Consumer Expectations Survey were asked what actions they were planning to take in light of their expectations about future inflation. The results clearly showed that a much higher share of consumers planned to reduce their spending in response to the expectations of higher prices.[8] In addition, consumers indicated that they would start to shop around more and buy cheaper varieties of goods and services than they normally would. In a context where the ECB was taking decisive monetary policy action aimed at restoring price stability, these behavioural responses to higher inflation expectations also contributed to the gradual unwinding of the inflationary pressures across the euro area economy.

    Insights for financial stability analysis

    In addition to monetary policy, expectations surveys are now increasingly being used for other central bank tasks as well. This includes financial stability analysis. Here, surveys can help identify potential sources of financial risk not only in financial markets and the banking system, but also in the household and non-financial corporate sectors.[9] Even when there is no discernible financial stress at the aggregate level, the disaggregated or individual-level data typically provided by surveys can help us to identify emerging risks across particular sectors or socio-demographic groups.

    In financial stability analysis, the topic of financial literacy is receiving increased attention. In the first keynote lecture of the conference, Professor Annamaria Lusardi from Stanford University will talk about why financial literacy is relevant for central banks. One consideration for financial stability analysis is that less financially literate households may be less prepared to cope with adverse economic and financial shocks. Yet, these households tend to be the most exposed to such shocks and more heavily affected when they occur. Policies seeking to boost financial literacy may help borrowers to source loans that are cheaper to service, thus promoting more efficient and more sustainable debt management. These issues may be particularly relevant for real estate markets and housing, which will be the focus of the second keynote lecture of the conference, given by Professor Tarun Ramadorai from Imperial College London. Professor Ramadorai will discuss the importance of non-rational beliefs in the housing market and how household surveys can help inform policies that can address these frictions.

    Sustaining the quality and representativeness of surveys

    Our experiences with survey data also highlight the challenges that policymakers face when using these data. Survey data can be volatile and there is evidence of overreaction in both household and firm surveys of expectations. For this reason, surveys may provide a noisy signal for policymaking in practice, which complicates how these data should feed into the policy reaction function. In this respect, I hope the research presented at today’s conference can also help policymakers distinguish the signal from the noise that is always embedded in expectations data. These considerations underline the importance of the quality of the survey design, including the sampling and data collection methods. It is crucial that questions are designed to avoid the framing of responses and that the complexity of the questionnaires is managed appropriately to avoid survey fatigue, which may negatively affect data quality. As central banks are making increasing use of survey data, they need to continuously and carefully monitor these data to ensure responses remain representative of the underlying population’s beliefs and behaviour.

    Conclusion

    Let me conclude. Today, expectations surveys are an important part of the toolkit available to central banks for their policy analysis. These surveys reveal insights about the economy that would otherwise remain hidden from view. As a result, they can contribute to more robust policy decisions and better policy assessments.

    I would like to finish by thanking the presenters and participants in advance for their contributions and the conference organisers for putting together such an impressive programme. I wish you all a productive and successful two days of lively debate and discussion. I am confident that the insights that will emerge from sharing our experiences of different surveys across many countries and institutions will ultimately enhance the way in which we use expectations surveys to help guide policy decisions.

    MIL OSI Economics –

  • MIL-OSI Canada: The music never stops at South Health Campus | La musique ne s’arrête jamais au South Health Campus

    Source: Government of Canada regional news

    After the impressive success of the pilot concert series earlier this year, Alberta’s government is providing a $19,000 grant to Calgary company Stagehand to bring a second concert season to the South Health Campus. The second season of the full-year concert series will begin on Sept. 26.

    A patient watches local musicians play at the South Health Campus music series pilot project in February of 2024.

    This grant renews the pilot project from February 2024, when Alberta’s government first enabled Stagehand to bring musicians to perform for South Health Campus patients, staff and visitors.

    “Alberta’s government recognizes the incredible impact music has on people’s lives, and how it can give people the strength to beat their illness. That is why we are proud to support this amazing concert series that supports local artists and helps lift spirits at the South Health Campus.”

    Tanya Fir, Minister of Arts, Culture and Status of Women

    “Music has the power to heal and uplift, and this concert series brings that joy to patients, families and health care workers. We’re proud to support Alberta’s talented musicians while enhancing the well-being of everyone at the South Health Campus.”

    Adriana LaGrange, Minister of Health

    Stagehand offers a digital platform that connects artists with venues to book and promote live events. The Calgary-based company will provide the platform to manage an open call for artists, selection, contracting, scheduling, payment and data collection.

    The pilot project in February included 10 performances at various times and locations at the South Health Campus. The program aligns with the government’s goals for Alberta’s continued economic success by supporting the province’s music industry. This project also helps share Alberta’s cultures, perspectives and stories through music while supporting local musicians.

    “Stagehand is proud to bring music back into Calgary’s South Health Campus for a second concert series. Music has an incredible ability to heal, and Stagehand is exploring even more ways to get more music to the people who need it. I would like to thank Alberta’s government and Minister Fir for the continued support, and I look forward to collaborating in the future.”

    Derek Manns, co-founder and chief executive officer, Stagehand

    “Music offers more than just entertainment for patients; it provides a powerful source of joy, comfort and healing, especially for those dealing with pain, undergoing medical procedures, rehabilitation therapies, or facing long hospital stays. By reducing anxiety, lowering blood pressure and enhancing mood, music fosters a sense of calm and empowerment, helping patients regain control in the midst of their challenges.”

    Dr. Stephanie Plamondon, physician, Department of Physical Medicine & Rehabilitation at South Health Campus, and clinical professor, University of Calgary

    Quick facts

    • According to West Anthem’s Resonant Energies: A Music City Strategy for Calgary released in May, music contributed $1.7 billion to Alberta’s GDP and supported 20,577 jobs in 2020.
    • Feedback on the pilot project in February was overwhelmingly positive, with 97 per cent of audiences reporting being satisfied or very satisfied with the performances, and 82 per cent of musicians reporting a positive impact on their mental health.

    Related information

    • Alberta Health Services Upcoming Events – Stagehand (Concert Schedule)

    Related news

    • Good vibrations for Calgary’s South Health Campus | Bonnes vibrations au South Health Campus de Calgary (Jan. 19, 2024)
    • Music encore at Calgary’s South Health Campus | La musique en rappel au South Health Campus de Calgary (July 16, 2024)

    Une série de concerts qui aide à remonter le moral et à guérir les Albertaines et Albertains au South Health Campus de Calgary est de retour pour une deuxième saison.

    Après le succès retentissant de la série de concerts pilotes présentée au début de l’année, le gouvernement de l’Alberta a accordé une subvention de 19 000 dollars à l’entreprise Stagehand de Calgary pour qu’elle puisse organiser une deuxième série de concerts au South Health Campus. La deuxième série de concerts s’étendra sur toute l’année et débutera le 26 septembre.

    En février 2024, un patient regarde des musiciens de la région jouer dans le cadre du projet pilote de la série musicale du South Health Campus.

    Cette subvention renouvelle le projet pilote de février 2024, lorsque le gouvernement de l’Alberta a permis pour la première fois à Stagehand d’inviter des musiciens à se produire devant les patients, le personnel et les visiteurs du South Health Campus.

    « Le gouvernement de l’Alberta reconnaît l’impact incroyable de la musique sur la vie des gens et la façon dont elle peut leur donner la force de vaincre leur maladie. C’est pourquoi nous sommes fiers de soutenir cette formidable série de concerts, qui permet d’encourager les artistes locaux tout en remontant le moral des gens au South Health Campus. »

    Tanya Fir, ministre des Arts, de la Culture et de la Condition féminine

    « La musique a le pouvoir de guérir et de remonter le moral des gens, et cette série de concerts apporte cette joie aux patients, aux familles et aux travailleurs de la santé. Nous sommes fiers de soutenir les musiciens talentueux de l’Alberta tout en améliorant le bien-être de toutes et de tous au South Health Campus. »

    Adriana LaGrange, ministre de la Santé

    L’entreprise Stagehand met en relation les artistes et les établissements en proposant une plateforme numérique qui permet de réserver et de promouvoir des événements en direct. Basée à Calgary, l’entreprise fournira la plateforme où pourront être gérés les appels ouverts aux artistes et leur sélection, les contrats, la programmation, le paiement et la collecte de données.

    Le projet pilote de février a permis de donner dix représentations à des heures et à des endroits différents au South Health Campus. Le programme s’inscrit dans les objectifs du gouvernement qui visent à assurer le succès économique continu de l’Alberta grâce au soutien de l’industrie musicale de la province. Ce projet contribue également à partager, par la musique, les cultures, les perspectives et les récits de l’Alberta, tout en soutenant les musiciens locaux.

    « Stagehand est fière de ramener la musique au South Health Campus de Calgary pour une deuxième série de concerts. La musique a une incroyable capacité de guérison, et Stagehand explore encore plus de moyens pour apporter plus de musique aux personnes qui en ont besoin. Je tiens à remercier le gouvernement de l’Alberta et la ministre Fir de leur soutien continu, et je me réjouis à l’idée de continuer à collaborer avec eux. »

    Derek Manns, cofondateur et directeur général de Stagehand

    « La musique est plus qu’un simple divertissement pour les patients; elle est une puissante source de joie, de réconfort et de guérison, en particulier pour celles et ceux qui souffrent, qui subissent des procédures médicales, des thérapies de réadaptation ou qui doivent effectuer de longs séjours à l’hôpital. En réduisant l’anxiété, en abaissant la tension artérielle et en améliorant l’humeur, la musique favorise un sentiment de calme et d’autonomisation, ce qui aide les patients en difficulté à reprendre le contrôle de leur santé. »

    Stephanie Plamondon, médecin, Département de physiatrie et de réadaptation du South Health Campus, et professeur clinique à l’université de Calgary

    En bref

    • Selon le rapport intitulé « Resonant Energies: A Music City Strategy for Calgary », publié en mai, la musique a contribué à hauteur de 1,7 milliard de dollars au PIB de l’Alberta, en plus de soutenir 20 577 emplois en 2020.
    • Les réactions au projet pilote de février ont été extrêmement positives : 97 % des spectateurs se sont déclarés satisfaits ou très satisfaits des spectacles, et 82 % des musiciens ont fait état d’un impact positif sur leur santé mentale.

    Renseignements connexes (en anglais seulement)

    • Alberta Health Services Upcoming Events – Stagehand (horaire des concerts)

    Nouvelles connexes

    • Good vibrations for Calgary’s South Health Campus | Bonnes vibrations au South Health Campus de Calgary (19 janvier 2024)
    • Music encore at Calgary’s South Health Campus | La musique en rappel au South Health Campus de Calgary (16 juillet 2024)

    MIL OSI Canada News –

  • MIL-OSI Europe: ASIA/BANGLADESH – Apostolic Nuncio on the situation of Christians and aid for Rohingya refugees (with the help of the Pope)

    Source: Agenzia Fides – MIL OSI

    Thursday, 26 September 2024

    by Fabio BerettaDhaka (Agenzia Fides) – “The situation in Bangladesh”, where Christians represent only 0.30% of the population, “is very delicate. In general, Christians live in a peaceful context, but there have also been cases of harassment by their neighbors,” said Archbishop Kevin Randall, Apostolic Nuncio in Bangladesh since 2023, interviewed by Fides after his recent meeting with the Chief Advisor to the interim government. He spoke to Fides about the country’s society and the commitment and support of the local Church and of Pope Francis for Rohingya refugees.What is the situation in Bangladesh after the recent protests and social unrest?The situation in Bangladesh is very delicate. With a transitional government, some wonder when there will be elections. Others want to rewrite the constitution. Still others say that a transitional government does not have the power to rewrite the Constitution. In the meantime, citizen violence dominates the country and the rule of law is limited.How are Christian communities experiencing this historic moment?In general, Christians live in a relatively peaceful context, but there have also been cases of harassment by their neighbors. The police are powerless. After Sheik Hasina left the country, many officials became afraid and went into hiding. They took off their uniforms to wear civilian clothes and stopped going to work.Do Christian communities have special expectations compared to the rest of the population?Yes, the Christian community hopes that the transitional government will protect minorities during this transitional period. Christians’ villages are under threat because there are people who want to take over their land, even if they belong to their own ethnic group. Many citizens, whether Christian, Buddhist or Hindu, are treated as undesirables, “as if they were foreigners,” although they are not. The Constitution declares Bangladesh a secular state with one official religion: Islam. However, there are some who confuse the phrase “official State religion” with the idea that “minorities do not belong here” and that the country is “an Islamic State.”During the meeting with Muhammad Yunus, Chief Advisor to the interim government, the need to “protect” minorities was raised. Where does this concern come from?According to the 2022 census, Christians in Bangladesh make up 0.30% (about 500,000 believers) of the population. There have been cases of threats against villages, houses and especially schools. In many Catholic schools, there have been attempts at intimidation, with several teachers threatened with expulsion. Some Muslims reported to the school administration that their children would dress in a certain way in the future, especially if they were girls. However, wearing the burqa violates our uniform regulations. With Muhammad Yunus, I raised issues that concern Christians, but also Buddhists and Hindus. One must not forget that the Hindu minority is about 8%. Many of their temples have been destroyed and their shops burned down. And the Chief of the interim government agreed that all minorities must be protected and promised that he would try to create a law that can bring order.Recently, the establishment of a body for interreligious dialogue between the Holy See and the scholars of Islam in Bangladesh was proposed. How was this idea received?The idea of having an interreligious dialogue is not mine. The Dicastery for Interreligious Dialogue asked for it in a letter years ago, when Cardinal Jean-Louis Tauran was the head of the then Pontifical Council for Interreligious Dialogue. Tauran himself spoke about it with former Prime Minister Sheik Hasina during one of his visits here in Bangladesh. I have already raised this idea with Sheik Hasina, and recently I have also asked Muhammed Yunus and his team to think about this possibility in concrete terms. The concept has been well received, but I think they have other concerns at the moment.Are there already concrete steps towards this project?No, but we can propose them. But we cannot force them. Unlike in the United Arab Emirates, where Pope Francis signed the document on fraternity, or in Indonesia, where the Pope recently signed a new document on tolerance and praised the “tunnel of friendship” that connects the cathedral with the mosque in Jakarta, interreligious dialogue does not find much support in Bangladesh, even if it takes place at the level of academic discussions.Regarding humanitarian aid for the Rohingya refugees, Mohammed Yden has reportedly asked the Vatican for support. How can this request be met?The Chief Advisor of the interim government did not directly ask for the Holy See’s help, as has been reported in various media. He asked for the Holy See’s support in the reforms he and his government want to implement, but not for financial help, including for the Rohingya.It was the one who asked on behalf of the Pope to continue to help and protect the Rohingya. I explained that the Catholic Church’s Caritas organization has been continuously helping the displaced since 2017, but that funds are decreasing. Before I traveled to Bangladesh, Pope Francis asked me not to forget the Rohingya. These refugees have experienced violence in their own country and came to Bangladesh to ask for help. But unfortunately, the Rohingya are considered by the local population as an ethnic and religious group that belongs to “this country”, Bangladesh.Cardinal Patrick D’Rozario and I paid them an official visit. The living conditions are very difficult. Children and young people do not receive an education. In addition, by law, 25 percent of our aid must go to the Bengali community. However, I am happy to announce that the Pope is sending further financial aid. This gesture of his will help many. (Agenzia Fides, 26/9/2024)
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    MIL OSI Europe News –

  • MIL-OSI: Travis Credit Union Launches Generation Wealth at Benicia High School

    Source: GlobeNewswire (MIL-OSI)

    VACAVILLE, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) — Travis Credit Union (TCU) unveiled Generation Wealth, its newly refreshed and rebranded award-winning, interactive youth financial education initiative, today at Benicia High School. Formerly known as Mad City Money, more than 13,000 students have attended the TCU program since its inception in 2009.

    Generation Wealth is aimed at empowering students with essential skills for successful money management throughout their lives. Through immersive scenarios, participants are tasked with navigating real-life situations that include jobs, salaries, bills, families, and credit scores, giving them a practical understanding of budgeting, saving, and financial decision-making.

    “Wealth means something different to Gen Z than it does to previous generations,” said Steward Pimienta, youth engagement officer at Travis Credit Union. “Each person has their own definition of wealth. We want to make sure all students feel empowered by their definition and comfortable building the foundation to reach their unique financial goals.”

    With expert guidance and discussions, Generation Wealth is designed to provide students with practical experience in managing real-life household budgets using the four pillars of financial wellness:

    • Plan: Employing a financial plan to make manageable decisions, stay on track and be prepared for the unexpected
    • Save: How to meet savings goals and be in control
    • Spend: Using financial tools to manage everyday spending
    • Borrow: Learning how to get the lowest interest rates to stay on budget

    “Generation Wealth is a reimagination of our successful and long-running ‘Mad City Money’ program,” said Jennifer Victor, vice president of branch sales and service at Travis Credit Union. “The new name reflects the ideals of this generation and the concept of generating prosperity. It emphasizes that anyone can achieve their life goals with financial literacy and healthy spending habits.”

    In conjunction with this impactful program, Mayor Steve Young will officially proclaim September 26 as Generation Wealth Day in Benicia, recognizing the importance of youth financial literacy.

    “We’re thankful for our ongoing partnership with Travis Credit Union and the work they do to emphasize the importance of financial literacy for our high school students. Thank you to Joan Westerman for bringing this partnership to Benicia Unified School District to equip and empower our students with the skills they will need to make informed decision and achieve their goals,” remarked Trudy Barrington, chief business officer at Benicia Unified School District.

    For more information about the Generation Wealth program or to get involved, please visit https://traviscu.org/generationwealth or email TCUCommunityRelations@traviscu.org.

    About Travis Credit Union
    Travis Credit Union, based in Vacaville, Calif., has been recognized at the federal, state and local levels for its longstanding financial education and financial advocacy efforts. In 2022, TCU was once again selected as a Best-In-State Credit Union by Forbes. It has also earned the U.S. Air Force Distinguished Credit Union of the Year award in recent years. Founded in 1951 on Travis Air Force Base, TCU today serves 12 Northern California counties. It is the twelfth largest credit union in California, with 250,000 members and $5 billion in assets. Learn more about our mission at traviscu.org.

    The MIL Network –

  • MIL-OSI USA: Students Experience ‘Authentic’ Greece During New Study Abroad Program

    Source: US State of Connecticut

    Seven undergraduate students got an authentic perspective on Greece this summer as part of a new study abroad course designed by professor of anthropology Dimitris Xygalatas.      

    “This is a field school that relates both to my own culture and my background as an anthropologist. [I am Greek and] I did my doctoral fieldwork in Greece,” Xygalatas says.     

    Xygalatas created the 16-day Greek History and Culture field study course to highlight the connection between ancient Greece and modern Greece using an anthropological lens.     

    “I wanted the students to get a sense of the impact of our past on our heritage and our contemporary culture, but I also wanted them to get a sense of some of the problems that Greek society is facing,” Xygalatas says.    

    Participants began in Athens before moving on to Olympia, Sparta, Monemvasia, and Kythira, a small island of 3,000 people.    

    Students participated in guided tours, discussions, and workshops. They were also able to interact with locals.     

    The program featured archeological and sociocultural activities, including trips to popular historical sites, and allowed the participants to experience everyday Greek life firsthand.    

    Xygalatas touched on a wide range of topics, from looking at the archeological sites of major Greek cities to discussing Greece’s financial crisis, sports, violence, and the desertification of small towns.    

    Seven students participated in the Greek History and Culture study abroad summer program. (Contributed by James Gaston)

    Connecting Ancient Greece to modern culture

    Xygalatas used his experience to highlight the sociocultural elements of the tours and sites students visited. Avery Hemingway ’27 (CAHNR) says that this made the experience more enriching for her.    

    “He was a native,” Hemingway, an allied health major and anthropology minor, says. “He would tell us stories [and] explain his family’s various traditions. [He connected] ancient Greek life to his family.”    

    James Gaston ’25 (CLAS), an anthropology major, says he enjoyed getting a local take on Greece. In Kythira, for example, the students had a Greek cooking lesson in the home of a former mayor. Gaston says it’s unlikely the group would have had an opportunity like that in a large city.    

    “It [showed us] Greek hospitality, a big part of their culture.  [It allowed us] to see more of what their home life is like,” Gaston says.    

    Since this was the first time Xygalatas offered this course, he was skeptical of how students would feel about the itinerary. However, he says he was eventually really happy to see how much they enjoyed the destinations and experiences. 

    The program was modeled after Xygalatas’ summer course in Mauritius, where he also does fieldwork. He hopes to refine the Greece course and collaborate with the Aristotle University of Thessaloniki so students can develop a better cultural exchange.   

    Xygalatas allowed students to focus on their interests throughout the trip and for the final assignment.    

    “It’s one of the most fun parts of the program for me to see what grabs their attention,” he says.    

    Hemingway created a vlog of her time in Greece for her final assignment. She says she spotted some striking differences between Greek life and life in the United States, including how connected Greeks appear to be with their culture.    

    “Everyone was just very welcoming,” she says. “I think the biggest thing I took away would be that they’re very enriched in the history of their land.  Everyone knows everything about ancient Greece, which always fascinated me.”   

    Gaston was fascinated by the culture around food and eating. He liked that the Greeks ate much later at night and that people spent hours in restaurants without servers interrupting them. He chose to write a paper on Greece’s culinary culture.    

    “I like trying a lot of new foods, and there was a lot of that to try in Greece,” he says.    

    Greece. (Contributed by James Gaston)

    A lasting impression   

    Xygalatas says this course gets students to interact with people and ideas outside their bubble.    

    “I always tell my students they should take two things out of their university education. The first is a proper understanding of the scientific process, and the second thing [which this program highlighted] is engaging with other people’s perspectives and putting yourself into other people’s shoes,” he says, adding that learning about other people’s experiences is especially important in a global and polarized society.    

    Hemingway, who loves to travel, says she’s looking forward to seeing more remote places during future adventures.    

    “As a regular tourist, you’re just listening and looking around and not fully taking it in,” she says. “But, when you slow down and reflect on what you just experienced, it brings it to a different level.” 

    Gaston says he never thought he would study abroad or travel on his own.    

    “Before this, I’d never really traveled by myself,” he says. “I always traveled with my family. But after the trip, I realized it’s not too complicated and opens more opportunities in my eyes.” 

     

     

    MIL OSI USA News –

  • MIL-OSI USA: Representative Omar and Senator Smith Reintroduce No Shame at School Act

    Source: United States House of Representatives – Representative Ilhan Omar (DFL-MN)

    WASHINGTON– Today, U.S. Senator Tina Smith (D-MN) and U.S. Representative Ilhan Omar (D-MN) announced the reintroduction of the No Shame at School Act, a bill aimed at ending lunch shaming practices in schools nationwide.

    The No Shame at School Act would prohibit school districts from publicly identifying or shaming students who are unable to pay for school meals. It also bans schools from hiring debt collectors to recover unpaid school meal debt.The legislation requires schools to attempt to directly certify children with unpaid meal debt for free or reduced-price meals and allows schools to be retroactively reimbursed for meals served to these children.

    “No child should have to go through the experience of being shamed at school for an unpaid lunch bill,” said Senator Smith. “I’m so proud of the work Minnesota has done to address this issue through universal school lunches, but there are too many places around the country where we still see this happening. We need to set our children up for success in school, and making sure kids get the school lunches they need without being made to feel ashamed or embarrassed is an important part of that success.”

    “In Minnesota, we have already implemented universal school meals and are leading the charge to remove school lunch shaming,” said Rep. Omar, a member of the Committee on Education and Workforce. “It’s time for the rest of the nation to follow suit. Every child deserves to learn and grow without the pangs of hunger or the fear of being singled out for their family’s financial circumstances.”

    “I’m proud to support Congresswoman Omar’s and Senator Smith’s No Shame at School Act,” said Valerie Castile. “My son Philando was a school supervisor at Robbinsdale Cooper High School in New Hope. He knew all of the children he served by name and routinely paid for students’ lunches from his own pocket if they did not have enough money. No child should be deprived of a healthy meal because their family can’t afford it. Congresswoman Omar’s leadership in the fight against child hunger, including her work on the Education and Labor Committee, ensures our community has a voice on these critical issues.”

    The bill comes at a time when many families are already struggling with rising costs of living expenses and many schools across the country have singled out students for not being able to pay for their school lunch. By addressing the issue of school meal debt, the No Shame at School Act aims to alleviate financial pressure on families while ensuring that all students have equal access to nutritious meals during the school day.

    Current co-sponsors in the House include Nanette Barragan, Sanford Bishop, Jamaal Bowman, Julia Brownley, Andre Carson, Troy Carter, Sheila Cherfilus-McCormick, Yvette D. Clarke, Lou Correa, Danny K. Davis, Adriano Espaillat, Jahana Hayes, Jonathan Jackson, Sara Jacobs, Pramila Jayapal, Henry C. “Hank” Johnson, Robin Kelly, Ro Khanna, Barbara Lee, Jenn McClellan, James McGovern, Gwen Moore, Grace Napolitano, Eleanor Holmes Norton, Scott Peters, Chellie Pingree, Mark Pocan, Ayanna Pressley, Linda Sanchez, Jan Schakowsky, Melanie Stansbury, Mark Takano, Rashida Tlaib, Nydia Velazquez, Susan Wild, and Nikema Williams.

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    MIL OSI USA News –

  • MIL-OSI Security: U.S. Attorney and FBI Charge Man for Drive-By Shooting in Zuni

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    ALBUQUERQUE – A Zuni Pueblo man was charged by criminal complaint with federal firearms violations following a drive-by shooting that occurred on the Pueblo of Zuni Indian Reservation.

    Devin Wyaco, 33, an enrolled member of the Pueblo of Zuni, appeared before a federal judge today and will remain in custody pending trial, which has not been scheduled.

    According to the criminal complaint, on September 19, 2024, John Doe and his girlfriend were riding their bikes in Zuni, New Mexico when they noticed a white sedan with tinted windows drive past them, going in the same direction as them. The sedan then did a U-turn and stopped before driving back towards them. As the vehicle passed them, one shot was fired from the passenger side, striking John Doe in his abdomen.

    John Doe was transported via ambulance first to Zuni Hospital, then to University of New Mexico Hospital. When he was later interviewed by investigators, John Doe identified the vehicle as belonging to Wyaco’s girlfriend.

    Investigators executed a federal search warrant on Wyaco’s girlfriend’s residence. There, they spoke to Wyaco’s girlfriend, who stated she had been in the vehicle with Wyaco at the time of the shooting. Wyaco’s girlfriend told investigators that he had fled and was still in possession of the firearm.

    If convicted, Wyaco faces a minimum of 10 years in prison.

    U.S. Attorney Alexander M.M. Uballez and Raul Bujanda, Special Agent in Charge of the FBI Albuquerque Field Office, made the announcement today.

    The Gallup Resident Agency of the FBI’s Albuquerque Field Office investigated this case with assistance from the Zuni Police Department. Assistant United States Attorney Zachary C. Jones is prosecuting the case.

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    # # #

    MIL Security OSI –

  • MIL-OSI Canada: Manitoba Government on Track to Hire 1,000 Net New Health-Care Workers

    Source: Government of Canada regional news

    September 26, 2024

    Manitoba Government on Track to Hire 1,000 Net New Health-Care Workers

    One year into its first term and six months into its first provincial budget, the Manitoba government is over halfway to its goal of hiring 1,000 net new health-care workers, Premier Wab Kinew and Health, Seniors and Long-Term Care Minister Uzoma Asagwara announced today at Grace Hospital. 

    “Manitobans told us clearly they want more nurses, doctors and health-care professionals working in our province,” said Kinew. “We made an ambitious promise to add 1,000 net new people into our system and today we’re proud to say we’re more than halfway to that goal. Setting big goals like this is exactly what government is for. When we work together, we can get things done that aren’t possible on our own.” 

    The premier noted the staff means Manitoba is making progress on the government’s commitment to hire hundreds of specific professions over the four-year term. From April 1 to Aug. 31, 873 net new health-care workers have been added, of which 116 are physicians, 304 are nurses, 290 are health-care aides and 87 are allied health. Staff has come into the system across the province, with increases in staffing in every region and at CancerCare Manitoba. 

    “Every new health-care worker in our province takes us one step closer to repairing the damage done by the previous government,” said Asagwara. “With staff at our side, we can make progress on shortening wait times and delivering the best quality care. “We’ve left no stone unturned when it comes to adding more staff into the system and we’re going to keep going so we can start to turn the corner on some of the most important priorities in health care. To every person who decided to pursue a career in health care, or came back to the system, thank you.” 

    The plan laid out steps taken to recruit new health-care workers, entice staff back into the system from private health care, expand opportunities for new graduates and reset the relationship with health-care staff after years of disrespect under the previous government, noted the premier. 

    The government has:

    • taken steps to change the culture in health care including sending letters to every new graduate, holding five listening tour town halls and working to hire every new graduate into the system;
    • improved safety measures for staff at major hospitals;
    • increased seats in training programs for medicine, physician assistants, occupational therapy, physiotherapy and nursing;
    • increased the number of training spots for internationally educated medical graduates;
    • launched a new Healthcare Retention and Recruitment Office focused on helping internationally educated health-care professionals find jobs or training in Manitoba;
    • changed the requirements to make it easier for nurses to return to practice; and
    • increased flexibility for nurses joining the provincial float pool.

    “Growing up watching my mom work as a nurse for over 36 years guided me to this profession that I am so fortunate to be a part of,” said Tiana Wyryha, a newly graduated nurse working in Children’s Emergency, Health Sciences Centre. “I’m so glad to work in Manitoba’s health-care system because Manitoba is my home and I strive to give back to those within my community.” 

    “Manitoba has given a lot to me. I grew up here and attended the University of Manitoba for undergrad, med school and residency,” said Dr. Matthew Buchok, psychiatrist, Health Sciences Centre. “I’m grateful to have the opportunity to stay and practice in Manitoba and have a positive impact on our community.” 

    The premier noted the numbers are a result of the government’s investments in retaining, recruiting and training more health-care workers including adding new training seats, streamlining licensing for internationally educated health-care workers and emphasizing community recruitment. The premier and minister have also sent a letter to every recent graduate to welcome them to Manitoba’s health-care system. 

    – 30 –

    MIL OSI Canada News –

  • MIL-OSI USA: America250 and America 250 NC Open Submissions for America’s Field Trip Contest

    Source: US State of North Carolina

    Headline: America250 and America 250 NC Open Submissions for America’s Field Trip Contest

    America250 and America 250 NC Open Submissions for America’s Field Trip Contest
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    America250, the official nonpartisan entity charged by Congress with planning the 250th anniversary of the signing of the Declaration of Independence, the Semiquincentennial, in collaboration with BNY and America 250 NC, kicked off the second installment of “America’s Field Trip” — a nationwide scholastic contest where students have the opportunity to earn a special behind-the-scenes experience at an iconic American historical and cultural site. Starting today through Wednesday, April 16, 2025, America’s Field Trip invites students in grades 3-12 to submit artwork or a piece of writing to reflect on what America means to them.

    Earlier this year, thousands of students from nearly every U.S. state and territory submitted inspiring entries for the inaugural America’s Field Trip contest. During July and August 2024, first-place awardees — including three students from North Carolina — participated in special field trip experiences at the Statue of Liberty, Yellowstone National Park, the National Archives, and more. Three second-place recipients from North Carolina received cash awards.

    The 2024 awardees from North Carolina include:

    First Place 
         • Taliesin Robert Allen R., Greensboro, 5th Grade 
         • Elizabeth B., Winston-Salem, 8th Grade 
         • Mya F., Raleigh, 11th Grade

    Second Place 
         • Charleston D., Rougemont, Elementary School (Grades 3–5)     
         • Ethan K., Kernersville, High School (Grades 9–12) 
         • Abigail P., Winston Salem, High School (Grades 9–12)

    The full list of 2024 awardees and their submissions can be found online at america250.org/fieldtrip/awardees. 

    Watch this video to learn more about the America’s Field Trip contest, and see some of the incredible places awardees visited this summer.

    Next summer, 75 first-place awardees and their designated chaperone will be provided airfare, lodging, and access to an unforgettable field trip experience at one of our nation’s select historical and cultural sites across the country. Second-place awardees will receive a $500 cash award. Summer 2025 field trip experiences and partners include: 

        • Behind-the-scenes tour of the National Air and Space Museum’s Steven F. Udvar-Hazy Center and sleepover at the Smithsonian Natural History Museum in Washington, D.C.
         • Exclusive visits to two Washington, DC institutions: a trip into the National Archives Vault on the National Mall and private tour of the Smithsonian’s National Zoo
         • Exclusive tour of Monticello in Charlottesville, Virginia and visit to the Library of Congress in Washington, D.C.
         • Storytelling, history, and commemoration under the stars at Mount Rushmore National Memorial
         • Private tours of Patriots Point Naval & Maritime Museum, the International African American Museum, and the South Carolina Aquarium in Charleston, S.C.
         • Exclusive tours of the Alamo in San Antonio and the LBJ Presidential Library in Austin, Texas.
         • Backstage tour of the Rock & Roll Hall of Fame in Cleveland, Ohio
         • Beyond the ropes tour of Independence National Historical Park in Philadelphia, Pa.
         • Guided visit to Angel Island Immigration Station and candlelight tour of Fort Point at the foot of the Golden Gate Bridge in San Francisco, Calif.
         • Private guided tour of Yellowstone National Park in Montana and Wyoming
         • Ranger-led hikes and tours of the cliff dwellings of Mesa Verde National Park in Colorado
         • Private tour of the Kennedy Space Center in Florida

    The full list and descriptions of 2025 Field Trips are available HERE.

    “America’s 250th anniversary is an opportunity for everyone to share their stories, their thoughts on the past, and their hopes and dreams for the future — especially our young people,” said America250 Chair, Rosie Rios. “America’s Field Trip is more than just a contest; it’s an investment in our country’s future. When we provide students with special opportunities to explore our nation’s iconic landmarks, we’re not just creating incredible memories; we’re fostering a deeper understanding of our shared history and values. These experiences will inspire the next generation of leaders to build a stronger, more united America.”

    “Students represent the voices of future leaders and innovators, and we want to hear their voices,” said North Carolina Department of Natural and Cultural Resources Secretary Reid Wilson. “On behalf of our agency team leading the America 250 NC commemoration planning, we encourage all North Carolina students to engage in the America’s Field Trip contest.”

    “BNY is excited to continue our partnership with America250 and support this exceptional opportunity for young people to explore the accomplishments and potential of our nation,” said Jayee Koffey, Global Head of Enterprise Execution and Chief Corporate Affairs Officer for BNY. “Students are the architects of tomorrow and we believe America’s Field Trip will inspire the next generation to continue our nation’s long history of innovation.”

    America250 has also partnered with edtech leader Discovery Education to develop customized educational resources including lesson plans and student activities that empower educators to bring America’s 250th anniversary into their classrooms. New for the 2024-2025 school year, an educator-facing instructional video from Discovery Education is designed to help teachers align the contest prompt, “What does America mean to you,” with standards frameworks.

    “America’s Field Trip is a once-in-a-lifetime opportunity for students to step out of the classroom and into the heart of our nation’s history and culture,” said Amy Nakamoto, General Manager of Corporate Partnerships at Discovery Education Experience. “As we approach this important milestone, we are excited to work with America250 and BNY to spark curiosity and bring this national contest to life for students nationwide.”

    How to Participate in America’s Field Trip

    Students must develop their submissions individually and must have a teacher, parent, or legal guardian submit on their behalf. Students at each grade level will respond to the question, “What does America mean to you?” Students, families, and teachers can find more information, including resources, contest rules, release forms, and toolkit materials to integrate the contest into classroom activities at america250.org/FieldTrip.

    The contest has different submission requirements for each grade band and is available to any student in elementary school (third to fifth grade), middle school (sixth to eighth grade), and high school (ninth to twelfth grade). The contest will remain open until 5 p.m., April 16, 2025. First- and second-place award recipients will be announced in May 2025, and field trips will occur in July and August 2025.

    Educators can help spread the word about America’s Field Trip for the chance to win a cash award! The educator associated with the top-scoring entry in each grade band will each receive a $1,000 cash award. 

    NO PURCHASE NECESSARY. Contest begins 12 a.m. ET on Sept. 16 and ends 5 p.m. ET on April 16, 2025. Open to U.S. students (3rd – 12th grade); student’s parent/legal guardian or teacher with parental permission must submit entry on student’s behalf (unless student is the age of majority). Submission includes grant of license rights to entry’s content. First Prize awardees must travel with parent/legal guardian on designated dates. See Official Rules for full details including how to enter, eligibility requirements, prize description/restrictions and judging procedure. Void where prohibited.

    About America250
    America250 is a nonpartisan initiative working to engage every American in celebrating and commemorating the Semiquincentennial, the 250th anniversary of the signing of the Declaration of Independence. It is spearheaded by the congressionally appointed U.S. Semiquincentennial Commission and its sole-supporting nonprofit organization, America250.org, Inc., together known as America250. This multi-year effort kicked off with America’s Invitation on July 4, 2023: a national public engagement campaign inviting all Americans to share their stories and their hopes and dreams for the future of this country. Leading up to July 4, 2026, America250 is working to provide opportunities for all Americans to pause and reflect on our nation’s past, honor the contributions of all Americans, and look to the future we want to create for the next generation and beyond. To learn more, visit America250.org, and follow us on X, Instagram, Facebook, and LinkedIn.

    About BNY
    BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of June 30, 2024, BNY oversees $49.5 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.

    BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on http://www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.

    1Funding provided by The Bank of New York Mellon Foundation.

    About Discovery Education 
    Discovery Education is the worldwide edtech leader whose state-of-the-art digital platform supports learning wherever it takes place. Through its award-winning multimedia content, instructional supports, innovative classroom tools, and corporate partnerships, Discovery Education helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Inspired by the global media company Warner Bros. Discovery, Inc. Discovery Education partners with districts, states, and trusted organizations to empower teachers with leading edtech solutions that support the success of all learners. Explore the future of education at http://www.discoveryeducation.com.

    About the North Carolina Department of Natural and Cultural Resources
    The N.C. Department of Natural and Cultural Resources (DNCR) manages, promotes, and enhances the things that people love about North Carolina – its diverse arts and culture, rich history, and spectacular natural areas. Through its programs, the department enhances education, stimulates economic development, improves public health, expands accessibility, and strengthens community resiliency.
    The department manages over 100 locations across the state, including 27 historic sites, seven history museums, two art museums, five science museums, four aquariums, 35 state parks, four recreation areas, dozens of state trails and natural areas, the North Carolina Zoo, the State Library, the State Archives, the N.C. Arts Council, the African American Heritage Commission, the American Indian Heritage Commission, the State Historic Preservation Office, the Office of State Archaeology, the Highway Historical Markers program, the N.C. Land and Water Fund, and the Natural Heritage Program. For more information, please visit www.dncr.nc.gov.
    Sep 24, 2024

    MIL OSI USA News –

  • MIL-OSI USA: Meherrin Indian Tribe to be Featured on N.C. Highway Historical Marker

    Source: US State of North Carolina

    Headline: Meherrin Indian Tribe to be Featured on N.C. Highway Historical Marker

    Meherrin Indian Tribe to be Featured on N.C. Highway Historical Marker
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    An American Indian tribe that settled in northeastern North Carolina soon will be recognized with a North Carolina Highway Historical Marker.

    The marker commemorating the Meherrin Tribe will be dedicated during a ceremony Oct. 5 at 1 p.m., at the Meherrin Tribal Grounds (852 NC-11 South, Ahoskie, N.C.).

    The Meherrin, whose traditional name Kauwets’a·ka means “People of the Water,” received formal recognition from the North Carolina government in 1986.

    The first known written account of the Meherrin people came from English merchant and explorer Sir Edward Bland, who visited the Meherrin village of Cowonchahawkon near present-day Emporia, Va., in 1650 while on an expedition from Fort Henry (present-day Petersburg, Va.). Later, encroaching European settlements in the mid-17th century pressured native peoples, including the Meherrin, to move. Following Bacon’s Rebellion, all Virginia tribes signed the Middle Plantation Treaty of 1677, which subjugated them to King Charles II of England and the governor of Virginia.

    A short time later, the Meherrin left the area of Cowonchahawkon and settled on Tawarra/Taurura Creek near Boykins, Va. Other members of the tribe moved north of the Blackwater River, but in 1687 they were ordered by the Virginia Council of State to return south of the river. About 1691, the tribe moved across the border into Carolina Province in what is today North Carolina where their tribal territories are found in Hertford, Bertie, Northampton, and Gates counties.

    In 1920, a new Pleasant Plains Indian School was built in Hertford County to replace the original school built in 1866. It was the second Rosenwald-funded school in the county. The school closed in 1949 and was converted into a community center to serve Indian and mixed families in 1950.

    In 1975, Meherrin descendants reorganized the tribe and reclaimed its identity under Chief Wayne Mackanear Brown. They created a modern tribal government, led by a chief and seven elected council members. The tribe holds an annual powwow during the first week of October at the tribal grounds between Ahoskie and Murfreesboro, N.C.

    A more complete history of the Meherrin Tribe can be found at http://www.meherrinnation.org.

    For more information about the historical markers, please visit https://www.dncr.nc.gov/blog/2023/12/04/meherrin-tribe-95, or call (919) 814-6625.

    The marker is one of nine markers being dedicated in 2024 that highlight American Indian culture and history in North Carolina. Historical markers were approved for the Coharie, Haliwa-Saponi, Lumbee, Meherrin, Occaneechi Band of the Saponi, Sappony, and Waccamaw Siouan tribes. In addition, historical markers were approved for the site of the East Carolina Indian School and the Buie Mound site. The N.C. American Indian Heritage Commission staff worked closely with N.C. tribes to complete applications to be considered for the historical marker program.

    The Highway Historical Marker Program is a collaboration between the N.C. departments of Natural and Cultural Resources and Transportation.

    About the North Carolina Department of Natural and Cultural Resources
    The N.C. Department of Natural and Cultural Resources (DNCR) manages, promotes, and enhances the things that people love about North Carolina – its diverse arts and culture, rich history, and spectacular natural areas. Through its programs, the department enhances education, stimulates economic development, improves public health, expands accessibility, and strengthens community resiliency.
    The department manages over 100 locations across the state, including 27 historic sites, seven history museums, two art museums, five science museums, four aquariums, 35 state parks, four recreation areas, dozens of state trails and natural areas, the North Carolina Zoo, the State Library, the State Archives, the N.C. Arts Council, the African American Heritage Commission, the American Indian Heritage Commission, the State Historic Preservation Office, the Office of State Archaeology, the Highway Historical Markers program, the N.C. Land and Water Fund, and the Natural Heritage Program. For more information, please visit www.dncr.nc.gov.
    Sep 23, 2024

    MIL OSI USA News –