NewzIntel.com

Category: Entertainment

  • MIL-OSI Security: President of Masonry Contractor Charged with Conspiring to Bribe Amtrak Employee in Exchange for Millions of Dollars in Extra Work on 30th Street Station Project and Making a False Claim

    Source: US FBI

    PHILADELPHIA – United States Attorney David Metcalf announced that Mark Snedden, 69, of Munster, Indiana, was charged by information with conspiracy to commit federal program bribery and making and presenting a false claim.

    As presented in the information, on or about December 10, 2015, a masonry restoration contractor (the “Contractor”) was awarded a $58,473,000 contract by Amtrak to be the main contractor on a façade repair and restoration project at Amtrak’s 30th Street Station in Philadelphia.

    Federal funding supplied approximately 90 percent of the money Amtrak used to pay the Contractor for the repair and restoration of the 30th Street Station façade.

    The defendant was the sole owner and President of the Contractor with responsibility to provide executive oversight of the Vice Presidents of the Contractor and the Contractor’s performance on the 30th Street Station façade project.

    Donald Seefeldt, Lee Maniatis, and Khaled Dallo, each charged elsewhere, were Vice Presidents of the Contractor, with responsibility to supervise the Contractor’s performance on the 30th Street Station façade project.

    Amtrak Employee #1 was employed by Amtrak as the Project Manager on the repair and restoration project. In that capacity, Amtrak Employee #1 was responsible for communicating with the Contractor about the work being done on 30th Street Station. Amtrak Employee #1 was also responsible for reviewing the invoices, change orders, and requests for payment that the Contractor submitted to Amtrak. Amtrak Employee #1 had the power to approve or reject these invoices, change orders, and requests for payment. Although Amtrak Employee #1 did not have the singular authority to approve Amtrak payments to the Contractor, his approval was a critical step in that process.

    The contract between Amtrak and the Contractor prohibited Snedden and other Contractor officials from “offer[ing] to any Amtrak employee, agent, or representative any cash, gift, entertainment, commission, or kickback for the purpose of securing favorable treatment with regard to award or performance of any contract or agreement.”

    As alleged in the information, from in or about May 2016 through in or about November 2019, in Philadelphia, in the Eastern District of Pennsylvania, and elsewhere, the defendant conspired and agreed with others known and unknown to the United States Attorney, including Amtrak Employee #1, Lee Maniatis, Khaled Dallo, and Donald Seefeldt, to commit an offense against the United States, that is, to knowingly and corruptly give, offer, and agree to give, a thing of value to Amtrak Employee #1, intending to influence and reward Amtrak Employee #1 in connection with any business, transaction and series of transactions.

    Specifically, the information alleges, Donald Seefeldt, Lee Maniatis, Khaled Dallo, and others known to the United States Attorney, with Snedden’s knowledge and agreement, provided Amtrak Employee #1 with gifts and other things of value totaling approximately $323,686, including, among other things, paid vacations, jewelry, cash, dinners, entertainment, a dog, training for that dog, and transportation, to ensure that Amtrak Employee #1 used his power and influence to benefit the Contractor during the performance of the 30th Street Station Repair and Restoration Project.

    In return for these gifts and other things of value, Amtrak Employee #1 used his position at Amtrak to access internal agency information available only to Amtrak employees about the 30th Street Station Project and shared this internal information with the defendant and other officials with the Contractor.

    The information further alleges that Amtrak Employee #1 used his position at Amtrak to approve additional, more expensive changes to the 30th Street Station Repair and Restoration Project, thereby increasing the amount and value of the work to be performed by the Contractor. These additional expenses were reflected in a series of change orders or contract modifications. In total, Amtrak Employee #1 approved over $52 million of additional payments from Amtrak to the Contractor. Amtrak Employee #1 and officials with the Contractor falsely inflated the true costs of some of the work to be performed by the Contractor under these change orders, causing Amtrak to be substantially overbilled by over $2 million for the completion of the 30th Street Station Repair and Restoration Project.

    If convicted, the defendant faces a maximum possible sentence of 10 years’ imprisonment, a three-year period of supervised release, a $500,000 fine, and $200 special assessment.

    The case was investigated by the FBI, the Amtrak Office of Inspector General, and the Department of Transportation Office of Inspector General and is being prosecuted by Assistant United States Attorney Jason Grenell.

    An indictment, information, or criminal complaint is an accusation. A defendant is presumed innocent unless and until proven guilty.

    MIL Security OSI –

  • MIL-OSI Security: San Francisco Man and New York Man Charged in Scheme to Defraud Investors

    Source: US FBI

    OAKLAND – A federal grand jury indicted Avi Fogel, now known as Avi King, and Christos Chrestatos each with one count of conspiracy to commit wire fraud and four counts of wire fraud.  Fogel was also charged with one count of false writings to a government agency and an additional count of wire fraud.

    Fogel, 47, of San Francisco (who was also known as, in addition to Avi King, Aaron Rose, Aaron Rothchild, and Aaron Gilman), self-surrendered on Nov. 7, 2024, and made his initial appearance in federal court in Oakland that same day.  Chrestatos, 45, of Long Island, N.Y., also known as Chris Silverman, was arrested today, and made his initial appearance in federal court in the Eastern District of New York.

    According to the indictment filed Oct. 3, 2024, and unsealed Nov. 7, 2024, defendants allegedly engaged in an investment fraud scheme wherein they purported to be producers in the entertainment industry with close ties to “A-list” actors, directors, and other celebrities.  Fogel allegedly met potential victims in a variety of places, such as dating websites and shared taxi rides.  At various times, defendants claimed to be producers at “Universal.”  The indictment alleges that the men lied to victims about their ability to arrange investment and product integration deals in feature films, documentaries, and television series when they knew they had no actual connection to the productions and no affiliation with Universal.

    Defendants allegedly created entities, including Suzy and the Sock Dragon Media Group, LLC, Rhinoheart Films, LLC, and The Book Media Group, LLC, to entice investors to invest in their fraudulent scheme.  According to the indictment, Fogel and Chrestatos fraudulently obtained investments from multiple victims totaling approximately $167,100, and used the funds for purposes other than as represented to investors.

    Additionally, the indictment alleges that Fogel submitted a fraudulent loan application to the U.S. Small Business Administration through the Economic Injury Disaster Loan Program, ultimately receiving $52,400. Fogel allegedly claimed that his company, Suzy and the Sock Dragon Media Group, LLC, was engaged in “entertainment services,” had $125,000 in gross revenues and sold $20,000 in goods, amounts that were derived from the money obtained through defendants’ investment fraud scheme.

    The announcement was made by United States Attorney Ismail J. Ramsey and Federal Bureau of Investigation (FBI) Special Agent in Charge Robert K. Tripp.

    Both defendants were released on bond. Fogel’s next scheduled appearance is on Dec. 9, 2024, for a status hearing before the Honorable Araceli Martínez-Olguín, U.S. District Judge.

    An indictment merely alleges that crimes have been committed, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt.  If convicted, defendants each face a maximum sentence of 20 years of imprisonment, a fine of $250,000, three years of supervised release, and forfeiture for the charges of conspiracy to commit wire fraud and wire fraud in counts one to five.  Additionally, if convicted, Fogel faces a maximum sentence of 30 years of imprisonment, a fine of $250,000, three years of supervised release, and forfeiture for the wire fraud charge in count six, and five years of imprisonment, a fine of $250,000, three years of supervised release, and forfeiture for the false writings to a government agency charge in count seven.  However, any sentence following conviction would be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.

    Assistant U.S. Attorney Benjamin K. Kleinman is prosecuting the case with the assistance of Kay Konopaske. The prosecution is the result of an investigation by the FBI.

    Avi Fogel Indictment
     

    MIL Security OSI –

  • MIL-OSI Security: North Carolina Man Sentenced to Prison for Assaulting Law Enforcement and Other Offenses During January 6 Capitol Breach

    Source: US FBI

                WASHINGTON – A North Carolina man was sentenced to prison today after he was previously convicted of assaulting law enforcement other offenses during the Jan. 6, 2021, breach of the U.S. Capitol. His actions and the actions of others disrupted a joint session of the U.S. Congress convened to ascertain and count the electoral votes related to the 2020 presidential election.

                Brett Alan Rotella, also known as Brett Ostrander, 35, of Kannapolis, North Carolina, was sentenced by U.S. District Judge Randolph D. Moss to 38 months in prison, 36 months of supervised release, and ordered to pay $2,000 in restitution.

                A federal jury previously found Rotella guilty of three felony offenses, including obstruction of law enforcement during a civil disorder, two counts of assaulting, resisting, or impeding certain officers, and several misdemeanors.

                According to court documents and evidence presented during the trial, on Jan. 6, 2021, at approximately 2:24 p.m., Rotella was identified among a crowd of rioters amassed on the West Plaza of the U.S. Capitol building in Washington, D.C., wearing distinctive clothing that included a red skull cap, a black sleeveless puffy vest over a red sleeveless shirt, and white or gray long shorts. He carried a long pole with at least two flags affixed to it at various points during the day.

                According to police body-worn camera footage, just minutes after his arrival at the West Font, Rotella approached a police barricade and forcibly pushed it toward a Metropolitan Police Department officer, while shouting inflammatory remarks.

                At approximately 2:33 p.m., as the police line on the West Plaza became overwhelmed and was forced to retreat, Rotella was observed taking charge of a group of rioters, directing their movements by periodically signaling with his hand to “hold” and leading them up the southwest stairs toward the Capitol.

                Video footage from the Lower West Terrace showed that at approximately 2:40 p.m., Rotella followed retreating officers into the Lower West Terrace Tunnel, the site of some of the most violent attacks against law enforcement that day. Inside the Tunnel, as officers attempted to hold back the rioters, Rotella continued his advance, even after pepper balls containing chemical irritant were fired at him.

                Evidence during the trial showed that the mob, including Rotella, breached the Capitol entrance at the Tunnel by smashing the glass pane of one of the locked doors and forcing the doors open. CCTV and body-worn camera footage depicted Rotella entering the Tunnel and joining others in a concerted effort to physically assault police officers inside. Inside the Tunnel, Rotella pushed against police shields and attempted to leverage his body to push through the police line and into the building.

                Rotella left the Tunnel at approximately 2:55 p.m., but remained in the vicinity for approximately ninety more minutes, joining a large crowd that repeatedly surged against the police line. Further video evidence depicted Rotella counting down and leading a coordinated push by the mob against the officers.

                Rotella was later observed grabbing a large orange ladder and handing it toward the front of the crowd in an apparent attempt to use it against the officers. Video footage showed Rotella pushing the ladder into the Tunnel and pushing against other rioters near him in an effort to collectively breach the police line.

                The FBI arrested Rotella on Aug. 29, 2023, in Mooresville, North Carolina.

                This case was prosecuted by the U.S. Attorney’s Office for the District of Columbia and the Department of Justice National Security Division’s Counterterrorism Section. Valuable assistance was provided by the U.S. Attorney’s Office for the Western District of North Carolina and the U.S. Attorney’s Office for the Middle District of North Carolina.

                This case was investigated by the FBI’s Charlotte and Washington Field Offices, which identified Rotella as BOLO (Be on the Lookout) #82 on its seeking information photos. Valuable assistance was provided by the U.S. Capitol Police and the Metropolitan Police Department.

                In the 47 months since Jan. 6, 2021, more than 1,572 individuals have been charged in nearly all 50 states for crimes related to the breach of the U.S. Capitol, including more than 590 individuals charged with assaulting or impeding law enforcement, a felony. The investigation remains ongoing.

                Anyone with tips can call 1-800-CALL-FBI (800-225-5324) or visit tips.fbi.gov.

    MIL Security OSI –

  • MIL-OSI Security: BLM Activist Sentenced to Prison for Wire Fraud and Money Laundering

    Source: US FBI

    TOLEDO, Ohio – Sir Maejor Page, 35, of Toledo, has been sentenced to 42 months in prison by U.S. District Judge Jeffrey Helmick after a jury convicted him of wire fraud and money laundering for defrauding donors of more than $450,000 that they collectively gave to his nonprofit “Black Lives Matter of Greater Atlanta” (BLM of Greater Atlanta) based on Page’s false representations. He was also ordered to pay a $400 special assessment fee.

    Page continued to collect donations to his purported social justice charity through the organization’s Facebook page even after its tax-exempt status was revoked for failure to submit IRS Form 990 for three consecutive years.  He regularly posted content to Facebook about social and racial issues to give his nonprofit the appearance of legitimacy, despite no longer being tax-exempt. He also used Facebook to message privately with users, and he falsely represented that their donations would be used to “fight for George Floyd” and the “movement.” As a result, approximately 18,000 people donated to the BLM of Greater Atlanta charity through its Facebook account, which Page administered.

    Page used the donations to BLM for his own personal benefit. He purchased entertainment, hotel rooms, clothing, firearms, and a property that he intended to use as his personal residence. He attempted to conceal the purchase of the property by using the name “Hi Frequency Ohio” and asked the seller to sign a nondisclosure agreement that would have prevented the seller from listing Page as the actual buyer.

    “Mr. Page took advantage of a cause meant to fight social injustices, using it instead to line his own pockets with thousands of dollars of donations,” said U.S. Attorney Rebecca C. Lutzko for the Northern District of Ohio. “People donate their hard-earned money to support causes they believe in, and when a fraudster like Page comes along and tries to get away with a fake charity scheme, it hurts legitimate nonprofit organizations that rely on the generosity of others to advance their missions and make positive change in the world. This Office will hold accountable those who try to profit by scamming unsuspecting people out of their money like Page did here.”

    “The FBI will aggressively investigate individuals, like Sir Maejor Page, who engage in fraudulent charity schemes at the expense of the American public,” said FBI Cleveland Special Agent in Charge Greg Nelsen.  “Page is a calculating criminal who willingly conspired to steal hundreds of thousands of dollars through the trusting public. Today’s sentence holds him accountable and demonstrates that the FBI will steadfastly pursue perpetrators who target American citizens.”

    This case was investigated by the FBI Cleveland Division and prosecuted by Assistant U.S. Attorneys Gene Crawford and Rob Melching.

    MIL Security OSI –

  • MIL-OSI USA: Sols 4547-4548: Taking in the View After a Long Drive

    Source: NASA

    Written by Alex Innanen, Atmospheric Scientist at York University
    Earth planning date: Wednesday, May 21, 2025
    Monday’s single-sol plan included a marathon 45-meter drive (about 148 feet), which put us in position for two full sols of imaging. This means both sols have what we call “targeted” science blocks, in which we have images of the workspace down from the last plan and can carefully choose what we want to take a closer look at. This always means a lot of good discussion amongst the geology and mineralogy theme group (GEO) about what deserves this closer look. As an outsider on the environmental theme group (ENV), I don’t always grasp the complexities of these discussions, but it’s always interesting to see what GEO is up to and to learn new things about the geology of Mount Sharp.
    GEO ended up picking “Big Bear Lake” as our contact science target, which is getting its typical treatment from APXS and MAHLI, as well as a LIBS observation from ChemCam. Aside from that there was plenty of room for remote sensing. ChemCam is also taking a LIBS observation of “Volcan Mountains” and a long-distance mosaic of the Texoli butte. Mastcam is also taking mosaics of a nearby trough, as well as two depressions known as “Sulphur Spring,” a more distant boxwork structure, and the very distant Mishe Mokwa butte.
    All of ENV’s activities are remote sensing, and we managed to squeeze in a few of those too. We have a couple dust monitoring observations, looking for dust devils and checking the amount of dust in the atmosphere. And since we’re still in the cloudy season we always try to make room for cloud observations. Today that meant a suraphorizon movie looking for clouds just above the horizon to the south, and a phase function sky survey, which captures clouds all around the rover, to try to understand how these clouds scatter sunlight.

    MIL OSI USA News –

  • MIL-OSI USA: Following Uber’s Reported ‘Congestion’ Overcharge, IAM, SEIU-led Illinois Drivers Alliance Call on Chicago City Council to Launch Investigation

    Source: US GOIAM Union

    Scores of rideshare drivers rallied outside Chicago City Hall to demand accountability from Uber after the company imposed an allegedly unauthorized $1.50 “congestion surcharge” on riders, which according to public reports, was done without City approval or public notice. The rally and press conference, organized by the Illinois Drivers Alliance – a coalition powered by SEIU Local 1 and IAM Local 701 – alongside the Chicago Gig Alliance, urged members of the Chicago City Council to hold formal investigative hearings into Uber’s actions. 

    During the event, a statement was read on behalf of Alderperson Silverstein announcing that she would be launching investigative hearings through the City Council’s Committee on Pedestrian and Traffic Safety to uncover how Uber may have allegedly imposed the surcharge outside of city regulations – and if needed, determine how to prevent a recurrence of the alleged charges. 

    The Statement from 50th Ward Alderwoman Debra Silverstein read: “No company should be allowed to operate in the City of Chicago without transparency and accountability. The unauthorized surcharge imposed by Uber, without the City’s approval or public disclosure, demands answers. That’s why, as Chair of the Committee on Pedestrian and Traffic Safety, I will be leading investigative hearings to get to the bottom of how this happened. Our job as alderpeople is to protect the public and ensure that nothing like this ever slips through the cracks again. Chicagoans deserve to know the truth, and drivers deserve fairness. This investigation, alongside the push for the Rideshare Living Wage and Safety Ordinance, is a critical step toward restoring trust and putting real guardrails on the industry.”

    “These unregulated rideshare corporations are reaping millions in profits off the backs of Chicago workers—while siphoning that revenue out of our city. These profits are generated here, by the people who live and work in Chicago. It’s time to hold these companies accountable and ensure that the wealth created in Chicago stays in Chicago,” said Ronnie Gonzalez, IAM Midwest Territory Special Representative. “The people of Chicago have a right to transparency, and rideshare drivers have a right to dignity and fair treatment. We support this investigation and the Rideshare Living Wage and Safety Ordinance. We’re glad to be part of the turning point in rideshare—bringing accountability to an industry that has operated without limits for too long.”

    “Rideshare companies don’t take us into account when it comes to prices, standards, safety, or any other decision that directly affects us and we deserve to be heard,” said Clyde Marshall, a Chicago area rideshare driver. “Uber just upcharged passengers a congestion fee, and the drivers didn’t see a dime while we were the ones who face the customers and drive in the congestion. That’s why I am here today with the Illinois Drivers Alliance fighting for our right to fair representation with a union.”

    Drivers also reiterated their call for the passage of the Rideshare Living Wage and Safety Ordinance, a critical measure that not only addresses pay and safety but also creates enforceable transparency standards to prevent future abuses in the rideshare industry.

    The post Following Uber’s Reported ‘Congestion’ Overcharge, IAM, SEIU-led Illinois Drivers Alliance Call on Chicago City Council to Launch Investigation appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI USA: Solidarity, Family, and Service

    Source: US GOIAM Union

    This article was featured in the Summer 2025 IAM Journal and was written by IAM Communications Representative Elias Flamenco Rivera.

    In today’s fast-paced world, balancing a successful career, union commitments, and family life can be impossible. However, for three dedicated IAM mem­bers, this reality is a daily com­mitment that speaks to their work ethic, union pride, and dedication to their professions and families. These members rise before dawn and work well beyond the typical eight-hour workday, driven by their deep-rooted commitment to
    their jobs, families, and the IAM.

    “For JAM members, it’s not about managing time – it’s about commitment. The long hours are made bearable by the strength we find in our families, our union, and our shared mission to serve,” said !AM Southern Territory General Vice President Craig Martin.

    Many of you reading this story have experienced the drill: early mornings, long shifts, and balan­cing work and family. It’s the life of an !AM member in the South, and it’s a testament to our dedication. JAM Union Southern Terri­ tory members Berrin McFadden, Steve Blackwell, and Scott Gar­dner are three exceptional indivi­duals who are balancing work and family to serve JAM members.

    BERRIN MCFADDEN has devoted over three decades of his life to the Jacksonville Transportation Authority (JTA), where he has become an integral part of the workplace and the broader com­ munity. As a seasoned mechanic in the HVAC shop, McFadden spends his mornings ensuring buses are fully operational, provi­ding essential heating and air-con­ditioning services, and offering quick fixes to ensure the safety and comfort of passengers. But it’s not just about the work; it’s about the pride McFadden takes in his craft and the people he serves. Since joining the JAM in 1990, McFadden has taken on various leadership roles within his Local, including eight years as financial secretary and currently serving as conductor sentinel. He values the union’s support for his professional growth and the enhancement of his personal financial skills, which he uses to manage his household budget effectively with his wife.

    “Being part of the TAM helped me become a better financial manager. It made me more disciplined with money and allowed me to share those les­ sons with others,” said McFadden.

    McFadden works long hours during the week to keep things running smoothly, then clearly separates work from personal life on the weekends, maintaining a healthy equilibrium.

    “I dedicate my weekends to my family and myself,” said McFadden. “I’ve learned that it’s important to shut off work and focus on the things that matter the most at home.”

    Beyond work, McFadden is actively engaged in beautification and landscaping projects within his neighborhood, a hobby he has cherished for many years. He believes that a well-maintained lawn reflects the residents’ care and pride.

    His lawn care and landscaping expertise have earned him the respect of his neighbors, who fre­quently seek his advice and gui­dance on maintaining their yards.

    “I’m just doing what I love, and that’s what drives me. I want to leave a legacy showing the importance of community, hard work, and caring for the people around you,” says McFadden.

    STEVE BLACKWELL currently works as a Quality Assurance Representative at Amentum Group. With an extensive background in avia­tion, including roles as Corro­sion Control Mechanic Lead and Aircraft Mechanic 2, he has built a career centered on maintaining safety and efficiency in aviation. Though his daily routine can be unpredictable, his commitment to ensuring every task is performed to the highest standard remains constant.

    “Every day is different in avia­tion,” says Blackwell.

    The role comes with significant responsibilities, including perfor­ming final inspections for mainte­nance actions involving the safety offlight, investigating safety inci­dents, and drafting reports like engineering investigation requests and quality deficiency reports. Blackwell is also responsible for monitoring various maintenance programs, training other staff, and compiling reports to support the Program Management Office.

    “You need solid technical expertise and a deep unders­tanding of aviation standards,” says Blackwell. “Working alon­gside qualified and competent mechanics to ensure tasks are completed efficiently is essential.” As a member of IAM Local 2777 for over seven years, Bla­ckwell has seen firsthand how union membership contributes to a positive work environment.

    “Being part of the JAM has been beneficial in building cama­raderie, especially among those of us who have military backgrou­nds. We work well together and support each other in achieving our goals,” reflects Blackwell.

    In addition to his role as a Chief Steward, Blackwell also serves as the Vice President of his Local.

    “I help lead efforts to resolve issues at the site and ensure that our members are supported,” he says, underscoring the collabora­tive spirit that defines union work. Despite his job’s demanding nature, Blackwell tries to balance work with his personal life. ‘Tm fortunate to have an understanding family, especially my wife, the rock in our hou­sehold. She supports me as I take on additional responsibilities at work,” he says.

    Outside of work, Blackwell is passionate about music. As a local musician, he performs live shows to unwind and support charitable causes.

    “My band donates 100% of our tips to organizations like United Service Organizations (USO) and the Children’s Rescue Initiative (CR!), which fights human traffi­cking,” he explains.

    “I also make time to work out whenever possible, and I set clear boundaries for work-no calls after 7:45 p.m. unless it’s an emergency so that I can be pre­ sent for my family and personal well-being.”

    “I see my work at Amentum as contributing to the security of our community. The aircraft we maintain help train pilots who will protect future generations,” says Blackwell. “The work we do directly impacts the future of avia­tion and defense. It’s rewarding to know that my efforts contribute to the safety of our country and the well-being of the people I work with.”

    SCOTT GARDNER begins the day early as a mechanic at Textron Aviation. The first task includes stretching exercises and a crew meeting to set the stage for the day’s work. From there, it’s all about getting hands-on with tasks, assembling aircraft parts, and ensuring every job is completed precisely. As an assembly ins­ taller, the responsibility is clear: follow Textron Aviation’s blue­ prints and specifications to main­tain quality and safety.

    “In my role, I perform assem­bly work in the final assem­bly area. We work on a weekly sequence, positioning and prepa­ring aircraft as part of the 40-hour moving schedule,” says Gardner, who has been with Textron for 28 years.

    The work is physically deman­ding but highly specialized, and precision is key.

    As a shop steward, Gardner also balances his technical duties with advocating for his coworkers. “A big part of my job invol­ves answering questions, moni­toring safety, and addressing any arising issues throughout the day. I’m constantly in discussions with leadership about daily matters and broader issues affecting our team,” explains Gardner.

    This role involves significant leadership and communication skills, which come naturally to someone who has been a part of JAM Local 774 for nearly 20 years.

    For Gardner, being part of the IAM has provided a sense of voice and security.

    “The !AM has been a big help as it has given me a plat­ form where I can make sure my coworkers’ rights are heard,” said Gardner. “We have benefits that we wouldn’t otherwise have in a right-to-work state.”

    The IAM has helped him grow as an advocate, primarily through leadership classes at the William W. Winpisinger Education and Technology Center.

    “It’s been a great way to bring those lessons back to my family, teaching them the importance of our rights as workers and the advantages of being part of a union,” explains Gardner.

    Gardner also has served as [AM Local 774 Communications Representative, a role that required him to ensure timely and effective communication between union leadership and the members.

    While his work and union res­ponsibilities can be demanding, he strives to ensure his family life doesn’t take a backseat.

    “Although it’s challenging at times, I maintain clear bounda­ries by carving out time for work, union responsibilities, and family, so [ can stay present at home.”

    Family remains his top prio­rity, and his commitment to them is evident in his career choices and personal values.

    “My wife and I have always prioritized our family first. Now that the kids are out of the house, it’s easier to balance things. But even when they were younger, made sure they always came first,” shares Gardner.

    He and his wife are acti­vely involved in the community, supporting local charities like Flags of Freedom and Wreaths Across America. He also attends the annual United Way of the Plains/AFL-CIO Community Ser­ vices Conference in the area.

    “Our work at Textron is critical to the local community. We manu­facture world-class aircraft, and as one of the largest employers in the city, our wages, benefits, and working conditions are vital to the community’s economic health,” says Gardner proudly.

    “My work means something. I know that someone’s loved one might be flying on one of these aircraft, which motivates me to ensure that everything I do is up to the highest standard,” continues Gardner.

    THE SPIRIT OF IAM: COMMITMENT TO SOLIDARITY, WORK, AND SERVICE

    “These workers’ stories are not just about what they do but why they do it – to create a bet­ter future for their families, their communities, and the union that stands behind them,” said Mar­ tin. ‘Through their tireless efforts, they remind us that the true stren­gth of any union is not just in its contracts but in the support we provide one another. Their jour­neys are a powerful reminder that when we work together with pur­pose, we all rise.”

    VIDEO PLAYLIST
    IAM Southern Territory members share their stories of balancing their work, union commitments, and family life with dedication and pride. iam4.me/southemsolidarity

    The post Solidarity, Family, and Service appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI Security: Colombian National Sentenced to Over 20 Years in Prison for Role in Conspiracy to Kidnap and Assault U.S. Army Soldiers in Colombia

    Source: United States Attorneys General

    A Colombian national was sentenced today in the Southern District of Florida for her role in kidnapping and assaulting two members of the U.S. military who were on temporary duty in Bogotá, Colombia.

    Kenny Julieth Uribe Chiran, 35, was sentenced to 262 months in prison followed by three years of supervised release, and ordered to pay $24,115 in restitution. She is the third and final defendant to be sentenced and held accountable for this criminal conspiracy. She pleaded guilty in March 2025 to conspiracy to kidnap an internationally protected person.

    “Uribe Chiran and her co-defendants mercilessly preyed on U.S. soldiers when they drugged their drinks, stole their valuables, and left them incapacitated on the street,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “Kidnapping and assaulting two U.S. military service members is deplorable and the Criminal Division will continue to prioritize protecting our service members through these prosecutions. I thank the prosecutors and our law enforcement partners who work tirelessly to bring justice to these victims.”

    “Members of our military, whether serving here or abroad, can count on this Department of Justice’s respect, support, and protection,” said U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida. “Kidnappings and assaults against U.S. service members will not be tolerated. To those who would dare commit such reprehensible acts against America’s heroes, know this: We will identify you; we will find you; and we will prosecute you as aggressively as the law permits.”

    “The FBI’s commitment to investigate criminal acts against the U.S. military beyond our borders is clearly demonstrated by our persistent pursuit of justice for the two kidnapped soldiers,” said Acting Special Agent in Charge Brett D. Skiles of the FBI Miami Field Office. “Our close cooperation with Colombian and Chilean law enforcement authorities was essential to this international investigation’s success. To all would be kidnappers the message is clear: target our citizens with violence anywhere in the world and we will hold you accountable for your actions.”

    According to court documents, the two U.S. soldiers went to an entertainment district in Bogotá to watch a soccer game on the evening of March 5, 2020. They later went to a pub, where Uribe Chiran and one of her co-defendants approached the soldiers and, without their knowledge, put drugs in their drinks that rendered them incapacitated. Medical examinations later confirmed the presence of benzodiazepines in the two soldiers’ systems. The defendants then kidnapped the soldiers, took their valuables, including their credit and debit card information, and left them incapacitated on the street in separate locations. The defendants used one victim’s credit card and the other victim’s debit card to make purchases and withdraw money.

    Uribe Chiran was extradited in September 2024 from Colombia to the United States. Co-defendant Pedro Jose Silva Ochoa was extradited in April 2024 from Chile to the United States, pleaded guilty in December 2024, and was sentenced in March 2025 to 27 years and three months in prison. Co-defendant Jeffersson Arango Castellanos was extradited in May 2023 from Colombia to the United States, pleaded guilty in January 2024, and was sentenced in May 2024 to 48 years and nine months in prison.

    The FBI Miami Field Office investigated the case. The Justice Department’s Office of International Affairs and the Criminal Division’s Narcotic and Dangerous Drug Section’s Office of the Judicial Attaché in Bogotá provided significant assistance in this matter. The United States thanks Colombian law enforcement authorities for their valuable assistance.

    Trial Attorneys Clayton O’Connor and Elizabeth Nielsen of the Criminal Division’s Human Rights and Special Prosecutions Section and Assistant U.S. Attorney Bertila Fernandez for the Southern District of Florida are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI: Codere Online Receives Delisting Notice from Nasdaq and Submits Appeal

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg, Grand Duchy of Luxembourg, May 22, 2025 – (GLOBE NEWSWIRE) Codere Online Luxembourg, S.A. (“Codere Online” or the “Company”) (Nasdaq: CDRO / CDROW), today announced that, on May 16, 2025, it received a staff determination letter (the “Letter”), from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company of the determination from the Nasdaq Staff (the “Staff”) to delist the Company’s securities from The Nasdaq Stock Market, given the Company had not filed its Form 20-F for the year ended December 31, 2024 (the “2024 Form 20-F”) in accordance with continued Listing Rule 5250(c)(1) (the “Public Reports Rule”). As previously reported, the Company’s delay in filing its 2024 Form 20-F is due to the fact that the finalization of the audit of the Company’s financial statements for the year ended December 31, 2024 has taken longer than expected following the engagement of the Company’s new independent registered public accounting firm on December 31, 2024 and the Company’s diligent efforts to finalize the Form 20-F for the year ended December 31, 2023, which the Company filed with the Securities and Exchange Commission (“SEC”) on May 1, 2025.

    The Letter states that the Company may seek review of the Staff’s determination to a hearings panel pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. Hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request. A request for a hearing regarding a delinquent filing automatically stays the delisting of the Company’s securities from Nasdaq through the duration of the hearing. It also automatically stays the suspension of trading of the Company’s securities for a period of 15 days from the date of the request. The Letter also states that when the Company requests a hearing, it may also request a further stay of the suspension of trading through the duration of the hearing process.

    Earlier today, the Company formally requested both a hearing to review the delisting determination and a further stay of suspension of trading through the duration of the hearing process. Furthermore, in connection with this stay request, the Company submitted materials to Nasdaq to explain why this stay is appropriate, as required by Nasdaq. The Company has not yet received a determination regarding its request for this further stay of suspension of trading.

    The Company continues to work diligently to complete and file with the SEC the 2024 Form 20-F and believes it will be able to do so, thereby regaining compliance with the Public Reports Rule, on or prior to May 30, 2025, ahead of any hearing, and in any event within the extension period the Company plans to seek from the Hearings Panel.

    If Nasdaq does not grant the further stay of the suspension of trading of the Company’s securities, trading of the Company’s securities will be suspended at the opening of business on June 6, 2025. If the Company fails to obtain an extension period from Nasdaq, a Form 25 NSE will be filed with the SEC, which will remove the Company’s securities from listing and registration on The Nasdaq Stock Market.

    About Codere Online

    Codere Online refers, collectively, to Codere Online Luxembourg, S.A. and its subsidiaries. Codere Online launched in 2014 as part of the renowned casino operator Codere Group. Codere Online offers online sports betting and online casino through its state-of-the art website and mobile applications. Codere currently operates in its core markets of Spain, Mexico, Colombia, Panama and Argentina. Codere Online’s online business is complemented by Codere Group’s physical presence in Spain and throughout Latin America, forming the foundation of the leading omnichannel gaming and casino presence.

    Forward-Looking Statements

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, including the Company’s expectations about the timing of completion and filing of the 2024 20-F and timing and actions taken to regain compliance with Nasdaq.

    These forward-looking statements are based on information available as of the date of this document and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s or its management team’s views as of any subsequent date, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

    As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. There may be additional risks that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Additional information concerning certain of these and other risk factors is contained in Codere Online’s filings with the U.S. Securities and Exchange Commission (the “SEC”). All subsequent written and oral forward-looking statements concerning Codere Online or other matters and attributable to Codere Online or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

    For investor and media inquiries, please contact
    Guillermo Lancha
    Director, Investor Relations and Communications
    Guillermo.Lancha@codereonline.com
    (+34) 628.928.152

    The MIL Network –

  • MIL-OSI: StepStone Group Reports Fourth Quarter and Fiscal Year 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) — StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended March 31, 2025. This represents results for the fourth quarter and fiscal year ended March 31, 2025. The Board of Directors of the Company has declared a quarterly cash dividend of $0.24 per share of Class A common stock, and a supplemental cash dividend of $0.40 per share of Class A common stock, both payable on June 30, 2025, to the holders of record as of the close of business on June 13, 2025.

    StepStone issued a full detailed presentation of its fourth quarter and full fiscal year ended March 31, 2025 results, which can be accessed by visiting the Company’s website at https://shareholders.stepstonegroup.com.

    Webcast and Earnings Conference Call

    Management will host a webcast and conference call today, Thursday, May 22, 2025 at 5:00 pm ET to discuss the Company’s results for the fourth quarter and fiscal year ended March 31, 2025. The webcast will be made available on the Shareholders section of the Company’s website at https://shareholders.stepstonegroup.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time to register. A replay will also be available on the Shareholders section of the Company’s website approximately two hours after the conclusion of the event.

    To join as a live participant in the question and answer portion of the call, participants must register at https://register-conf.media-server.com/register/BI83b497f55a944def8cfadab7f935822b. Upon registering you will receive the dial-in number and a PIN to join the call as well as an email confirmation with the details.

    About StepStone

    StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of March 31, 2025, StepStone was responsible for approximately $709 billion of total capital, including $189 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.

    Forward-Looking Statements

    Some of the statements in this release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking. Words such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “intend,” “may,” “plan” and “will” and similar expressions identify forward-looking statements. Forward-looking statements reflect management’s current plans, estimates and expectations and are inherently uncertain. The inclusion of any forward-looking information in this release should not be regarded as a representation that the future plans, estimates or expectations contemplated will be achieved. Forward-looking statements are subject to various risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, global and domestic market and business conditions, our successful execution of business and growth strategies, the favorability of the private markets fundraising environment, successful integration of acquired businesses and regulatory factors relevant to our business, as well as assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity and the risks and uncertainties described in greater detail under the “Risk Factors” section of our annual report on Form 10-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 24, 2024, and in our annual report on Form 10-K to be filed with the SEC for the fiscal year ended March 31, 2025, and in our subsequent reports filed with the SEC, as such factors may be updated from time to time. We undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

    Non-GAAP Financial Measures

    To supplement our consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States (“GAAP”), we use the following non-GAAP financial measures: fee revenues, adjusted revenues, adjusted net income (on both a pre-tax and after-tax basis), adjusted net income per share, adjusted weighted-average shares, fee-related earnings, fee-related earnings margin, gross realized performance fees and performance fee-related earnings. We have provided this non-GAAP financial information, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in this earnings release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in this earnings release. The presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. In addition, the non-GAAP financial measures in this earnings release may not be comparable to similarly titled measures used by other companies in our industry or across different industries. For definitions of these non-GAAP measures and reconciliations to applicable GAAP measures, please see the section titled “Non-GAAP Financial Measures: Definitions and Reconciliations.”

    Financial Highlights and Key Business Drivers/Operating Metrics

      Three Months Ended   Year Ended March 31,   Percentage Change
    (in thousands, except share and per share amounts and where noted) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024     2025     vs. FQ4’24 vs. FY’24
    Financial Highlights                      
    GAAP Results                      
    Management and advisory fees, net $ 153,410   $ 178,015   $ 184,758   $ 190,840   $ 213,401     $ 585,140   $ 767,014     39% 31%
    Total revenues   356,810     186,401     271,677     339,023     377,729       711,631     1,174,830     6% 65%
    Total performance fees   203,400     8,386     86,919     148,183     164,328       126,491     407,816     (19)% 222%
    Net income (loss)   82,542     48,045     53,138     (287,163 )   13,153       167,820     (172,827 )   (84)% na
    Net income (loss) per share of Class A common stock:                      
    Basic $ 0.48   $ 0.20   $ 0.26   $ (2.61 ) $ (0.24 )   $ 0.91   $ (2.52 )   na na
    Diluted $ 0.48   $ 0.20   $ 0.26   $ (2.61 ) $ (0.24 )   $ 0.91   $ (2.52 )   na na
    Weighted-average shares of Class A common stock:                      
    Basic   64,194,859     66,187,754     68,772,051     73,687,289     75,975,770       63,489,135     71,142,916     18% 12%
    Diluted   67,281,567     68,593,761     69,695,315     73,687,289     75,975,770       66,544,038     71,142,916     13% 7%
    Quarterly dividend per share of Class A common stock(1) $ 0.21   $ 0.21   $ 0.24   $ 0.24   $ 0.24     $ 0.83   $ 0.93     14% 12%
    Supplemental dividend per share of Class A common stock(2) $ —   $ 0.15   $ —   $ —   $ —     $ 0.25   $ 0.15     na (40)%
    Accrued carried interest allocations $ 1,354,051   $ 1,328,853   $ 1,381,110   $ 1,474,543   $ 1,495,664           10%  
                           
    Non-GAAP Results(3)                      
    Fee revenues(4) $ 153,808   $ 178,514   $ 185,481   $ 191,832   $ 214,662     $ 586,379   $ 770,489     40% 31%
    Adjusted revenues   177,357     221,165     208,788     243,905     295,861       665,060     969,719     67% 46%
    Fee-related earnings (“FRE”)   50,900     71,656     72,349     74,118     94,081       189,793     312,204     85% 64%
    FRE margin(5)   33 %   40 %   39 %   39 %   44 %     32 %   41 %      
    Gross realized performance fees   23,549     42,651     23,307     52,073     81,199       78,681     199,230     245% 153%
    Performance fee-related earnings (“PRE”)   12,128     21,803     14,540     26,596     41,543       40,994     104,482     243% 155%
    Adjusted net income (“ANI”)   37,716     57,241     53,569     52,659     80,603       139,393     244,072     114% 75%
    Adjusted weighted-average shares   115,512,301     118,510,499     118,774,233     118,935,179     118,869,111       115,134,473     118,772,442        
    ANI per share $ 0.33   $ 0.48   $ 0.45   $ 0.44   $ 0.68     $ 1.21   $ 2.05     106% 69%
                           
    Key Business Drivers/Operating Metrics (in billions)                      
    Assets under management (“AUM”)(6) $ 156.6   $ 169.3   $ 176.1   $ 179.2   $ 189.4           21%  
    Assets under advisement (“AUA”)(6)   521.1     531.4     505.9     518.7     519.7           —  
    Fee-earning AUM (“FEAUM”)   93.9     100.4     104.4     114.2     121.4           29%  
    Undeployed fee-earning capital (“UFEC”)   22.6     27.6     29.7     21.7     24.6           9%  

    _______________________________
    (1) Dividends paid, as reported in this table, relate to the preceding quarterly period in which they were earned.
    (2) The supplemental cash dividend relates to earnings in respect of our full fiscal years 2023 and 2024, respectively.
    (3) Fee revenues, adjusted revenues, FRE, FRE margin, gross realized performance fees, PRE, ANI, adjusted weighted-average shares and ANI per share are non-GAAP measures. See the definitions of these measures and reconciliations to the respective, most comparable GAAP measures under “Non-GAAP Financial Measures: Definitions and Reconciliations.”
    (4) Excludes the impact of consolidating the Consolidated Funds. See reconciliation of GAAP measures to adjusted measures that follows.
    (5) FRE margin is calculated by dividing FRE by fee revenues.
    (6) AUM/AUA reflects final data for the prior period, adjusted for net new client account activity through the period presented. Does not include post-period investment valuation or cash activity. Net asset value (“NAV”) data for underlying investments is as of the prior period, as reported by underlying managers up to the business day occurring on or after 100 days, or 115 days at the fiscal year-end, following the prior period end. When NAV data is not available by the business day occurring on or after 100 days, or 115 days at the fiscal year-end, following the prior period end, such NAVs are adjusted for cash activity following the last available reported NAV.  

    StepStone Group Inc.
    GAAP Consolidated Balance Sheets
    (in thousands, except share and per share amounts)

      As of March 31,
        2025       2024
    Assets      
    Cash and cash equivalents $ 244,791     $ 143,430
    Restricted cash   502       718
    Fees and accounts receivable   80,871       56,769
    Due from affiliates   92,723       67,531
    Investments:      
    Investments in funds   183,694       135,043
    Accrued carried interest allocations   1,495,664       1,354,051
    Legacy Greenspring investments in funds and accrued carried interest allocations(1)   629,228       631,197
    Deferred income tax assets   382,886       184,512
    Lease right-of-use assets, net   91,841       97,763
    Other assets and receivables   62,869       60,611
    Intangibles, net   263,872       304,873
    Goodwill   580,542       580,542
    Assets of Consolidated Funds:      
    Cash and cash equivalents   44,511       38,164
    Investments, at fair value   415,011       131,858
    Other assets   17,688       1,745
    Total assets $ 4,586,693     $ 3,788,807
    Liabilities and stockholders’ equity      
    Accounts payable, accrued expenses and other liabilities $ 89,731     $ 127,417
    Accrued compensation and benefits   736,695       101,481
    Accrued carried interest-related compensation   757,968       719,497
    Legacy Greenspring accrued carried interest-related compensation(1)   495,739       484,154
    Due to affiliates   331,821       212,918
    Lease liabilities   113,519       119,739
    Debt obligations   269,268       148,822
    Liabilities of Consolidated Funds:      
    Other liabilities   17,580       1,645
    Total liabilities   2,812,321       1,915,673
    Redeemable non-controlling interests in Consolidated Funds   377,897       102,623
    Redeemable non-controlling interests in subsidiaries   6,327       115,920
    Stockholders’ equity:      
    Class A common stock, $0.001 par value, 650,000,000 authorized; 76,761,399 and 65,614,902 issued and outstanding as of March 31, 2025 and 2024, respectively   77       66
    Class B common stock, $0.001 par value, 125,000,000 authorized; 39,656,954 and 45,030,959 issued and outstanding as of March 31, 2025 and 2024, respectively   40       45
    Additional paid-in capital   421,057       310,293
    Retained earnings (accumulated deficit)   (242,546 )     13,768
    Accumulated other comprehensive income   728       304
    Total StepStone Group Inc. stockholders’ equity   179,356       324,476
    Non-controlling interests in subsidiaries   1,056,510       974,559
    Non-controlling interests in legacy Greenspring entities(1)   133,489       147,042
    Non-controlling interests in the Partnership   20,793       208,514
    Total stockholders’ equity   1,390,148       1,654,591
    Total liabilities and stockholders’ equity $ 4,586,693     $ 3,788,807

    (1)   Reflects amounts attributable to consolidated VIEs for which the Company did not acquire any direct economic interests.     

    StepStone Group Inc.
    GAAP Consolidated Statements of Income (Loss)
    (in thousands, except share and per share amounts)

      Three Months Ended March 31,   Year Ended March 31,
        2025       2024       2025       2024  
    Revenues              
    Management and advisory fees, net $ 213,401     $ 153,410     $ 767,014     $ 585,140  
    Performance fees:              
    Incentive fees   5,910       2,496       32,275       25,339  
    Carried interest allocations:              
    Realized   75,935       18,054       159,653       49,401  
    Unrealized   21,177       151,757       141,547       126,908  
    Total carried interest allocations   97,112       169,811       301,200       176,309  
    Legacy Greenspring carried interest allocations(1)   61,306       31,093       74,341       (75,157 )
    Total performance fees   164,328       203,400       407,816       126,491  
    Total revenues   377,729       356,810       1,174,830       711,631  
    Expenses              
    Compensation and benefits:              
    Cash-based compensation   85,510       74,411       331,808       292,962  
    Equity-based compensation   126,197       13,937       669,126       42,357  
    Performance fee-related compensation:              
    Realized   39,656       11,421       94,748       37,687  
    Unrealized   27,777       84,014       94,272       74,694  
    Total performance fee-related compensation   67,433       95,435       189,020       112,381  
    Legacy Greenspring performance fee-related compensation(1)   61,306       31,093       74,341       (75,157 )
    Total compensation and benefits   340,446       214,876       1,264,295       372,543  
    General, administrative and other   43,152       54,310       177,354       167,317  
    Total expenses   383,598       269,186       1,441,649       539,860  
    Other income (expense)              
    Investment income   9,386       3,337       15,096       7,452  
    Legacy Greenspring investment income (loss)(1)   2,934       (33 )     (1,185 )     (9,087 )
    Investment income of Consolidated Funds   34,496       6,115       65,374       28,472  
    Interest income   3,218       1,429       10,850       3,664  
    Interest expense   (3,191 )     (2,649 )     (12,701 )     (9,331 )
    Other income (loss)   (31,024 )     (1,308 )     (32,650 )     2,455  
    Total other income   15,819       6,891       44,784       23,625  
    Income (loss) before income tax   9,950       94,515       (222,035 )     195,396  
    Income tax expense (benefit)   (3,203 )     11,973       (49,208 )     27,576  
    Net income (loss)   13,153       82,542       (172,827 )     167,820  
    Less: Net income attributable to non-controlling interests in subsidiaries   16,316       4,443       79,282       37,240  
    Less: Net income (loss) attributable to non-controlling interests in legacy Greenspring entities(1)   2,934       (33 )     (1,185 )     (9,087 )
    Less: Net income (loss) attributable to non-controlling interests in the Partnership   (17,994 )     37,279       (125,850 )     59,956  
    Less: Net income attributable to redeemable non-controlling interests in Consolidated Funds   30,630       4,248       53,731       15,838  
    Less: Net income (loss) attributable to redeemable non-controlling interests in subsidiaries   (225 )     5,782       758       5,782  
    Net income (loss) attributable to StepStone Group Inc. $ (18,508 )   $ 30,823     $ (179,563 )   $ 58,091  
    Net income (loss) per share of Class A common stock:              
    Basic $ (0.24 )   $ 0.48     $ (2.52 )   $ 0.91  
    Diluted $ (0.24 )   $ 0.48     $ (2.52 )   $ 0.91  
    Weighted-average shares of Class A common stock:              
    Basic   75,975,770       64,194,859       71,142,916       63,489,135  
    Diluted   75,975,770       67,281,567       71,142,916       66,544,038  

    (1) Reflects amounts attributable to consolidated VIEs for which the Company did not acquire any direct economic interests.  

    Non-GAAP Financial Measures: Definitions and Reconciliations

    Fee Revenues

    Fee revenues represents management and advisory fees, net, including amounts earned from the Consolidated Funds which are eliminated in consolidation. We believe fee revenues is useful to investors because it presents the net amount of management and advisory fee revenues attributable to us.

    The table below presents the components of fee revenues.

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024   2025
    Focused commingled funds(1)(2) $ 80,434 $ 104,798 $ 107,855 $ 105,718 $ 124,604   $ 296,667 $ 442,975
    Separately managed accounts   55,945   57,376   61,393   66,245   67,695     223,958   252,709
    Advisory and other services   16,147   14,769   14,907   17,458   19,927     60,057   67,061
    Fund reimbursement revenues(1)   1,282   1,571   1,326   2,411   2,436     5,697   7,744
    Fee revenues $ 153,808 $ 178,514 $ 185,481 $ 191,832 $ 214,662   $ 586,379 $ 770,489

    _______________________________
    (1) Reflects the add-back of management and advisory fee revenues for the Consolidated Funds, which have been eliminated in consolidation.
    (2) Includes income-based incentive fees from certain funds:

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024   2025
    Income-based incentive fees $ 753 $ 1,113 $ 1,347 $ 2,120 $ 3,377   $ 1,372 $ 7,956


    Adjusted Revenues

    Adjusted revenues represents the components of revenues used in the determination of ANI and comprise fee revenues, adjusted incentive fees and realized carried interest allocations. We believe adjusted revenues is useful to investors because it presents a measure of realized revenues.

    The table below shows a reconciliation of revenues to adjusted revenues.

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March
    31, 2025    		     2024     2025  
    Total revenues $ 356,810   $ 186,401 $ 271,677   $ 339,023   $ 377,729     $ 711,631   $ 1,174,830  
    Unrealized carried interest allocations   (151,757 )   25,170   (52,215 )   (93,325 )   (21,177 )     (126,908 )   (141,547 )
    Deferred incentive fees   1,450     6   2,445     —     (513 )     2,392     1,938  
    Legacy Greenspring carried interest allocations   (31,093 )   9,089   (13,917 )   (8,207 )   (61,306 )     75,157     (74,341 )
    Management and advisory fee revenues for the Consolidated Funds(1)   398     499   723     992     1,261       1,239     3,475  
    Incentive fees for the Consolidated Funds(2)   1,549     —   75     5,422     (133 )     1,549     5,364  
    Adjusted revenues $ 177,357   $ 221,165 $ 208,788   $ 243,905   $ 295,861     $ 665,060   $ 969,719  

    _______________________________
    (1) Reflects the add-back of management and advisory fee revenues for the Consolidated Funds, which have been eliminated in consolidation.
    (2) Reflects the add back of incentive fees for the Consolidated Funds, which have been eliminated in consolidation.

    Adjusted Net Income

    Adjusted net income, or “ANI,” is a non-GAAP performance measure that we present before the consolidation of StepStone Funds on a pre-tax and after-tax basis used to evaluate profitability. ANI represents the after-tax net realized income attributable to us. ANI does not reflect legacy Greenspring carried interest allocation revenues, legacy Greenspring carried interest-related compensation and legacy Greenspring investment income (loss) as none of the economics are attributable to us. The components of revenues used in the determination of ANI (“adjusted revenues”) comprise fee revenues, adjusted incentive fees and realized carried interest allocations. In addition, ANI excludes: (a) unrealized carried interest allocation revenues and related compensation, (b) unrealized investment income (loss), (c) equity-based compensation for awards granted prior to and in connection with our IPO, profits interests issued by our non-wholly owned subsidiaries, and unrealized mark-to-market changes in the fair value of the profits interests issued in the private wealth subsidiary, (d) amortization of intangibles, (e) net income (loss) attributable to non-controlling interests in our subsidiaries and realized gains attributable to the profits interests issued in the private wealth subsidiary, (f) charges associated with acquisitions and corporate transactions, and (g) certain other items that we believe are not indicative of our core operating performance (as listed in the table below). ANI is fully taxed at our blended statutory rate. We believe ANI and adjusted revenues are useful to investors because they enable investors to evaluate the performance of our business across reporting periods.

    Fee-Related Earnings

    Fee-related earnings, or “FRE,” is a non-GAAP performance measure used to monitor our baseline earnings from recurring management and advisory fees. FRE is a component of ANI and comprises fee revenues less adjusted expenses which are operating expenses other than (a) performance fee-related compensation, (b) equity-based compensation for awards granted prior to and in connection with our IPO, profits interests issued by our non-wholly owned subsidiaries, and unrealized mark-to-market changes in the fair value of the profits interests issued in the private wealth subsidiary, (c) amortization of intangibles, (d) charges associated with acquisitions and corporate transactions, and (e) certain other items that we believe are not indicative of our core operating performance (as listed in the table below). FRE is presented before income taxes. We believe FRE is useful to investors because it provides additional insight into the operating profitability of our business and our ability to cover direct base compensation and operating expenses from total fee revenue.

    The table below shows a reconciliation of GAAP measures to additional non-GAAP measures. We use the non-GAAP measures presented below as components when calculating FRE and ANI (as defined below). We believe these additional non-GAAP measures are useful to investors in evaluating both the baseline earnings from recurring management and advisory fees, which provide additional insight into the operating profitability of our business, and the after-tax net realized income attributable to us, allowing investors to evaluate the performance of our business. These additional non-GAAP measures remove the impact of Consolidated Funds that we are required to consolidate under GAAP, and certain other items that we believe are not indicative of our core operating performance.

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024     2025  
    GAAP management and advisory fees, net $ 153,410   $ 178,015   $ 184,758   $ 190,840   $ 213,401     $ 585,140   $ 767,014  
    Management and advisory fee revenues for the Consolidated Funds(1)   398     499     723     992     1,261       1,239     3,475  
    Fee revenues $ 153,808   $ 178,514   $ 185,481   $ 191,832   $ 214,662     $ 586,379   $ 770,489  
                     
    GAAP incentive fees $ 2,496   $ 841   $ 3,155   $ 22,369   $ 5,910     $ 25,339   $ 32,275  
    Adjustments(2)   2,999     6     2,520     5,422     (646 )     3,941     7,302  
    Adjusted incentive fees $ 5,495   $ 847   $ 5,675   $ 27,791   $ 5,264     $ 29,280   $ 39,577  
                     
    GAAP cash-based compensation $ 74,411   $ 78,224   $ 82,871   $ 85,203   $ 85,510     $ 292,962   $ 331,808  
    Adjustments(3)   (461 )   (428 )   (285 )   339     —       (2,140 )   (374 )
    Adjusted cash-based compensation $ 73,950   $ 77,796   $ 82,586   $ 85,542   $ 85,510     $ 290,822   $ 331,434  
                     
    GAAP equity-based compensation $ 13,937   $ 19,179   $ 37,332   $ 486,418   $ 126,197     $ 42,357   $ 669,126  
    Adjustments(4)   (12,210 )   (16,785 )   (34,947 )   (483,958 )   (123,263 )     (36,635 )   (658,953 )
    Adjusted equity-based compensation $ 1,727   $ 2,394   $ 2,385   $ 2,460   $ 2,934     $ 5,722   $ 10,173  
                     
    GAAP general, administrative and other $ 54,310   $ 41,011   $ 50,061   $ 43,130   $ 43,152     $ 167,317   $ 177,354  
    Adjustments(5)   (27,079 )   (14,343 )   (21,900 )   (13,418 )   (11,015 )     (67,275 )   (60,676 )
    Adjusted general, administrative and other $ 27,231   $ 26,668   $ 28,161   $ 29,712   $ 32,137     $ 100,042   $ 116,678  
                     
    GAAP interest income $ 1,429   $ 2,057   $ 3,016   $ 2,559   $ 3,218     $ 3,664   $ 10,850  
    Interest income earned by the Consolidated Funds(6)   (612 )   (907 )   (1,363 )   (887 )   (1,600 )     (1,645 )   (4,757 )
    Adjusted interest income $ 817   $ 1,150   $ 1,653   $ 1,672   $ 1,618     $ 2,019   $ 6,093  
                     
    GAAP other income (loss) $ (1,308 ) $ (351 ) $ 1,177   $ (2,452 ) $ (31,024 )   $ 2,455   $ (32,650 )
    Adjustments(7)   395     (72 )   (1,082 )   1,883     30,606       (3,879 )   31,335  
    Adjusted other income (loss) $ (913 ) $ (423 ) $ 95   $ (569 ) $ (418 )   $ (1,424 ) $ (1,315 )

    ______________________________
    (1) Reflects the add-back of management and advisory fee revenues for the Consolidated Funds, which have been eliminated in consolidation.
    (2) Reflects the add back of incentive fee revenues for the Consolidated Funds, which have been eliminated in consolidation, and deferred incentive fees that are not included in GAAP revenues.
    (3) Reflects the removal of compensation paid to certain employees as part of an acquisition earn-out and unrealized amounts associated with cash-based incentive awards tracked to the performance of a designated investment fund.
    (4) Reflects the removal of equity-based compensation for awards granted prior to and in connection with the IPO, profits interests issued by our non-wholly owned subsidiaries, and unrealized mark-to-market changes in the fair value of the profits interests issued in the private wealth subsidiary.
    (5) Reflects the removal of lease remeasurement adjustments, accelerated depreciation of leasehold improvements for changes in lease terms, amortization of intangibles, transaction-related costs, unrealized mark-to-market changes in fair value for contingent consideration obligation and other non-core operating income and expenses.
    (6) Reflects the removal of interest income earned by the Consolidated Funds.
    (7) Reflects the removal of amounts for Tax Receivable Agreements adjustments recognized as other income (loss), loss associated with payment made in connection with a secondary transaction executed by one of our private wealth funds, gain associated with amounts received as part of negotiations with a third party related to certain corporate matters, loss on sale of subsidiary and the impact of consolidation of the Consolidated Funds.

    The table below shows a reconciliation of income (loss) before income tax to ANI and FRE.

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024     2025  
    Income (loss) before income tax $ 94,515     54,842   $ 57,888   $ (344,715 ) $ 9,950     $ 195,396   $ (222,035 )
    Net income attributable to non-controlling interests in subsidiaries(1)   (12,822 )   (18,951 )   (17,812 )   (32,765 )   (33,369 )     (49,220 )   (102,897 )
    Net (income) loss attributable to non-controlling interests in legacy Greenspring entities   33     1,255     4,031     (1,167 )   (2,934 )     9,087     1,185  
    Unrealized carried interest allocations   (151,757 )   25,170     (52,215 )   (93,325 )   (21,177 )     (126,908 )   (141,547 )
    Unrealized performance fee-related compensation   84,014     (10,923 )   27,748     49,670     27,777       74,694     94,272  
    Unrealized investment (income) loss   (2,280 )   (1,180 )   (430 )   656     (6,007 )     (907 )   (6,961 )
    Impact of Consolidated Funds   (4,138 )   (7,731 )   (9,267 )   (6,892 )   (35,723 )     (26,076 )   (59,613 )
    Deferred incentive fees   1,450     6     2,445     —     (513 )     2,392     1,938  
    Equity-based compensation(2)   12,210     16,785     34,947     483,958     123,263       36,635     658,953  
    Amortization of intangibles   10,423     10,250     10,250     10,250     10,250       42,406     41,000  
    Tax Receivable Agreements adjustments through earnings   90     —     —     —     (348 )     312     (348 )
    Non-core items(3)   16,780     4,137     11,349     2,094     32,474       21,565     50,054  
    Pre-tax ANI   48,518     73,660     68,934     67,764     103,643       179,376     314,001  
    Income taxes(4)   (10,802 )   (16,419 )   (15,365 )   (15,105 )   (23,040 )     (39,983 )   (69,929 )
    ANI   37,716     57,241     53,569     52,659     80,603       139,393     244,072  
    Income taxes(4)   10,802     16,419     15,365     15,105     23,040       39,983     69,929  
    Realized carried interest allocations   (18,054 )   (41,804 )   (17,632 )   (24,282 )   (75,935 )     (49,401 )   (159,653 )
    Realized performance fee-related compensation   11,421     20,848     8,767     25,477     39,656       37,687     94,748  
    Realized investment income   (1,057 )   (1,415 )   (1,621 )   (1,720 )   (3,379 )     (6,545 )   (8,135 )
    Adjusted incentive fees(5)   (5,495 )   (847 )   (5,675 )   (27,791 )   (5,264 )     (29,280 )   (39,577 )
    Adjusted interest income(5)   (817 )   (1,150 )   (1,653 )   (1,672 )   (1,618 )     (2,019 )   (6,093 )
    Interest expense   2,649     2,990     3,512     3,008     3,191       9,331     12,701  
    Adjusted other (income) loss(5)(6)   913     423     (95 )   569     418       1,424     1,315  
    Net income attributable to non-controlling interests in subsidiaries(1)   12,822     18,951     17,812     32,765     33,369       49,220     102,897  
    FRE $ 50,900   $ 71,656   $ 72,349   $ 74,118   $ 94,081     $ 189,793   $ 312,204  

    _______________________________
    (1) Reflects the portion of pre-tax ANI attributable to non-controlling interests in our subsidiaries and realized gains attributable to the profits interests issued in the private wealth subsidiary:

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024   2025
    FRE attributable to non-controlling interests in subsidiaries and profits interests $ 11,559 $ 13,308 $ 14,969 $ 21,063 $ 30,451   $ 42,074 $ 79,791
    Performance related earnings / other income (loss) attributable to non-controlling interests in subsidiaries and profits interests   1,263   5,643   2,843   11,702   2,918     7,146   23,106
    Net income attributable to non-controlling interests in subsidiaries and profits interests $ 12,822 $ 18,951 $ 17,812 $ 32,765 $ 33,369   $ 49,220 $ 102,897

    The contribution to pre-tax ANI attributable to non-controlling interests in subsidiaries and profits interests and performance related earnings / other income (loss) attributable to non-controlling interests in subsidiaries and profits interests presented above specifically related to the profits interests issued in the private wealth subsidiary is presented below.

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024   2025
    FRE attributable to profits interests issued in the private wealth subsidiary $ — $ 574 $ 2,051 $ 2,956 $ 6,399     $ — $ 11,980
    Performance related earnings / other income (loss) attributable to profits interests issued in the private wealth subsidiary   —   51   206   11,137   (224 )     3,074   11,170
    Net income attributable to profits interests issued in the private wealth subsidiary $ — $ 625 $ 2,257 $ 14,093 $ 6,175     $ 3,074 $ 23,150

    The contribution to pre-tax ANI attributable to non-controlling interests in subsidiaries and performance related earnings / other income (loss) attributable to non-controlling interests in subsidiaries presented above specifically not attributable to the profits interests issued in the private wealth subsidiary is presented below.

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024   2025
    FRE attributable to non-controlling interests in subsidiaries $ 11,559 $ 12,734 $ 12,918 $ 18,107 $ 24,052   $ 42,074 $ 67,811
    Performance related earnings / other income (loss) attributable to non-controlling interests in subsidiaries   1,263   5,592   2,637   565   3,142     4,072   11,936
    Net income attributable to non-controlling interests in subsidiaries $ 12,822 $ 18,326 $ 15,555 $ 18,672 $ 27,194   $ 46,146 $ 79,747

    (2) Reflects equity-based compensation for awards granted prior to and in connection with the IPO, profits interests issued by our non-wholly owned subsidiaries, and unrealized mark-to-market changes in the fair value of the profits interests issued in the private wealth subsidiary.
    (3) Includes (income) expense related to the following non-core operating income and expenses:

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024     2025
    Transaction costs $ 3,985 $ 672 $ 140 $ 12   $ 179     $ 4,855   $ 1,003
    Lease remeasurement adjustments   —   —   —   —     —       (106 )   —
    Accelerated depreciation of leasehold improvements for changes in lease terms   —   —   —   —     —       1,893     —
    (Gain) loss on change in fair value for contingent consideration obligation   12,280   2,953   10,888   2,476     (205 )     17,217     16,112
    Compensation paid to certain employees as part of an acquisition earn-out   515   482   321   (394 )   —       2,194     409
    Loss on payment made in connection with private wealth fund secondary transaction   —   —   —   —     32,500       —     32,500
    Gain from negotiation of certain corporate matters   —   —   —   —     —       (5,300 )   —
    Loss on sale of subsidiary   —   —   —   —     —       812     —
    Other non-core items   —   30   —   —     —       —     30
    Total non-core operating income and expenses $ 16,780 $ 4,137 $ 11,349 $ 2,094   $ 32,474     $ 21,565   $ 50,054

    (4) Represents corporate income taxes at a blended statutory rate applied to pre-tax ANI:

      Three Months Ended   Year Ended March 31,
      March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		   2024   2025  
    Federal statutory rate 21.0% 21.0% 21.0% 21.0% 21.0%   21.0%   21.0%  
    Combined state, local and foreign rate 1.3% 1.3% 1.3% 1.3% 1.2%   1.3%   1.3%  
    Blended statutory rate 22.3% 22.3% 22.3% 22.3% 22.2%   22.3%   22.3%  

    (5) Excludes the impact of consolidating the Consolidated Funds and includes deferred incentive fees which are not included in GAAP revenues.
    (6) Excludes amounts for Tax Receivable Agreements adjustments recognized as other income (loss) ($0.3 million for the three months ended March 31, 2025, $(0.1) million for the three months ended March 31, 2024, and $0.3 million and $(0.3) million in fiscal 2025 and fiscal 2024, respectively), loss associated with payment made in connection with a secondary transaction executed by one of our private wealth funds ($32.5 million for the three months ended March 31, 2025 and in fiscal 2025), gain associated with amounts received as part of negotiations with a third party related to certain corporate matters ($5.3 million in fiscal 2024), and loss on sale of subsidiary ($0.8 million in fiscal 2024).

    Fee-Related Earnings Margin

    FRE margin is a non-GAAP performance measure which is calculated by dividing FRE by fee revenues. We believe FRE margin is an important measure of profitability on revenues that are largely recurring by nature. We believe FRE margin is useful to investors because it enables them to better evaluate the operating profitability of our business across periods.

    The table below shows a reconciliation of FRE to FRE margin.

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024     2025  
    FRE $ 50,900   $ 71,656   $ 72,349   $ 74,118   $ 94,081     $ 189,793   $ 312,204  
    Fee revenues   153,808     178,514     185,481     191,832     214,662       586,379     770,489  
    FRE margin   33 %   40 %   39 %   39 %   44 %     32 %   41 %


    Gross Realized Performance Fees

    Gross realized performance fees represents realized carried interest allocations and adjusted incentive fees. We believe gross realized performance fees is useful to investors because it presents the total performance fees realized by us.

    Performance Fee-Related Earnings

    Performance fee-related earnings, or “PRE,” represents gross realized performance fees less realized performance fee-related compensation. We believe PRE is useful to investors because it presents the performance fees attributable to us, net of amounts paid to employees as performance fee-related compensation.

    The table below shows a reconciliation of total performance fees to gross realized performance fees and PRE.

      Three Months Ended   Year Ended March 31,
    (in thousands) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024     2025  
    Incentive fees $ 2,496   $ 841   $ 3,155   $ 22,369   $ 5,910     $ 25,339   $ 32,275  
    Realized carried interest allocations   18,054     41,804     17,632     24,282     75,935       49,401     159,653  
    Unrealized carried interest allocations   151,757     (25,170 )   52,215     93,325     21,177       126,908     141,547  
    Legacy Greenspring carried interest allocations   31,093     (9,089 )   13,917     8,207     61,306       (75,157 )   74,341  
    Total performance fees   203,400     8,386     86,919     148,183     164,328       126,491     407,816  
    Unrealized carried interest allocations   (151,757 )   25,170     (52,215 )   (93,325 )   (21,177 )     (126,908 )   (141,547 )
    Legacy Greenspring carried interest allocations   (31,093 )   9,089     (13,917 )   (8,207 )   (61,306 )     75,157     (74,341 )
    Incentive fee revenues for the Consolidated Funds(1)   1,549     —     75     5,422     (133 )     1,549     5,364  
    Deferred incentive fees   1,450     6     2,445     —     (513 )     2,392     1,938  
    Gross realized performance fees   23,549     42,651     23,307     52,073     81,199       78,681     199,230  
    Realized performance fee-related compensation   (11,421 )   (20,848 )   (8,767 )   (25,477 )   (39,656 )     (37,687 )   (94,748 )
    PRE $ 12,128   $ 21,803   $ 14,540   $ 26,596   $ 41,543     $ 40,994   $ 104,482  

    _______________________________
    (1) Reflects the add back of incentive fee revenues for the Consolidated Funds, which have been eliminated in consolidation.

    Adjusted Weighted-Average Shares and Adjusted Net Income Per Share

    ANI per share measures our per-share earnings assuming all Class B units, Class C units and Class D units in the Partnership were exchanged for Class A common stock in SSG, including the dilutive impact of outstanding equity-based awards. ANI per share is calculated as ANI divided by adjusted weighted-average shares outstanding. We believe adjusted weighted-average shares and ANI per share are useful to investors because they enable investors to better evaluate per-share operating performance across reporting periods.

    The following table shows a reconciliation of diluted weighted-average shares of Class A common stock outstanding to adjusted weighted-average shares outstanding used in the computation of ANI per share.

      Three Months Ended   Year Ended March 31,
      March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024   2025
    ANI $ 37,716 $ 57,241 $ 53,569 $ 52,659 $ 80,603   $ 139,393 $ 244,072
                     
    Weighted-average shares of Class A common stock outstanding – Basic   64,194,859   66,187,754   68,772,051   73,687,289   75,975,770     63,489,135   71,142,916
    Assumed vesting of RSUs   512,946   673,854   921,166   491,014   270,492     512,152   590,645
    Assumed vesting and exchange of Class B2 units   2,573,762   1,732,153   —   —   —     2,542,751   431,851
    Assumed purchase under ESPP   —   —   2,098   —   —     —   529
    Exchange of Class B units in the Partnership(1)   46,272,227   45,827,707   45,212,921   41,729,937   40,122,028     46,356,244   43,233,005
    Exchange of Class C units in the Partnership(1)   1,958,507   1,849,846   1,626,812   1,016,737   965,761     2,234,191   1,365,647
    Exchange of Class D units in the Partnership(1)   —   2,239,185   2,239,185   2,010,202   1,535,060     —   2,007,849
    Adjusted weighted-average shares   115,512,301   118,510,499   118,774,233   118,935,179   118,869,111     115,134,473   118,772,442
                     
    ANI per share $ 0.33 $ 0.48 $ 0.45 $ 0.44 $ 0.68   $ 1.21 $ 2.05

    _______________________________
    (1)   Assumes the full exchange of Class B units, Class C units or Class D units in the Partnership for Class A common stock of SSG pursuant to the Class B Exchange Agreement, Class C Exchange Agreement or Class D Exchange Agreement, respectively.

    Key Operating Metrics

    We monitor certain operating metrics that are either common to the asset management industry or that we believe provide important data regarding our business. Refer to the Glossary below for a definition of each of these metrics.

    Fee-Earning AUM

      Three Months Ended   Year Ended March 31,   Percentage
    Change
    (in millions) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		     2024     2025     vs. FQ4’24
    Separately Managed Accounts                    
    Beginning balance $ 56,660   $ 58,897   $ 60,272   $ 62,121   $ 69,974     $ 55,345   $ 58,897     23%
    Contributions(1)   2,757     2,085     1,723     9,033     3,874       6,327     16,715     41%
    Distributions(2)   (795 )   (830 )   (535 )   (1,000 )   (1,225 )     (4,080 )   (3,590 )   54%
    Market value, FX and other(3)   275     120     661     (180 )   551       1,305     1,152     100%
    Ending balance $ 58,897   $ 60,272   $ 62,121   $ 69,974   $ 73,174     $ 58,897   $ 73,174     24%
                         
    Focused Commingled Funds                    
    Beginning balance $ 32,772   $ 34,961   $ 40,084   $ 42,294   $ 44,192     $ 30,086   $ 34,961     35%
    Contributions(1)   2,429     5,653     2,122     2,520     3,403       6,115     13,698     40%
    Distributions(2)   (327 )   (661 )   (282 )   (682 )   (313 )     (1,841 )   (1,938 )   (4)%
    Market value, FX and other(3)   87     131     370     60     934       601     1,495     974%
    Ending balance $ 34,961   $ 40,084   $ 42,294   $ 44,192   $ 48,216     $ 34,961   $ 48,216     38%
                         
    Total                    
    Beginning balance $ 89,432   $ 93,858   $ 100,356   $ 104,415   $ 114,166     $ 85,431   $ 93,858     28%
    Contributions(1)   5,186     7,738     3,845     11,553     7,277       12,442     30,413     40%
    Distributions(2)   (1,122 )   (1,491 )   (817 )   (1,682 )   (1,538 )     (5,921 )   (5,528 )   37%
    Market value, FX and other(3)   362     251     1,031     (120 )   1,485       1,906     2,647     310%
    Ending balance $ 93,858   $ 100,356   $ 104,415   $ 114,166   $ 121,390     $ 93,858   $ 121,390     29%

    _______________________________
    (1) Contributions consist of new capital commitments that earn fees on committed capital and capital contributions to funds and accounts that earn fees on net invested capital or NAV.
    (2) Distributions consist of returns of capital from funds and accounts that pay fees on net invested capital or NAV and reductions in fee-earning AUM from funds that moved from a committed capital to net invested capital fee basis or from funds and accounts that no longer pay fees.
    (3) Market value, FX and other primarily consist of changes in market value appreciation (depreciation) for funds that pay on NAV and the effect of foreign exchange rate changes on non-U.S. dollar denominated commitments. The three months ended March 31, 2025 and year ended March 31, 2025 include a $0.6 billion secondary transaction within focused commingled funds.    

    Asset Class Summary

      Three Months Ended   Percentage
    Change
    (in millions) March 31,
    2024    		 June 30,
    2024    		 September
    30, 2024    		 December
    31, 2024    		 March 31,
    2025    		   vs. FQ4’24
    FEAUM              
    Private equity $ 49,869 $ 54,855 $ 57,136 $ 62,811 $ 65,007   30%
    Infrastructure   20,114   20,377   20,986   23,411   23,830   18%
    Private debt   15,477   16,161   16,975   17,882   19,517   26%
    Real estate   8,398   8,963   9,318   10,062   13,036   55%
    Total $ 93,858 $ 100,356 $ 104,415 $ 114,166 $ 121,390   29%
                   
    Separately managed accounts $ 58,897 $ 60,272 $ 62,121 $ 69,974 $ 73,174   24%
    Focused commingled funds   34,961   40,084   42,294   44,192   48,216   38%
    Total $ 93,858 $ 100,356 $ 104,415 $ 114,166 $ 121,390   29%
                   
    AUM(1)              
    Private equity $ 81,942 $ 89,329 $ 91,891 $ 93,404 $ 95,937   17%
    Infrastructure   30,003   32,756   35,392   36,156   37,026   23%
    Private debt   28,491   30,336   31,854   31,987   37,133   30%
    Real estate   16,201   16,912   16,996   17,665   19,284   19%
    Total $ 156,637 $ 169,333 $ 176,133 $ 179,212 $ 189,380   21%
                   
    Separately managed accounts $ 93,938 $ 103,003 $ 107,252 $ 109,305 $ 114,806   22%
    Focused commingled funds   48,545   51,682   53,870   55,142   59,410   22%
    Advisory AUM   14,154   14,648   15,011   14,765   15,164   7%
    Total $ 156,637 $ 169,333 $ 176,133 $ 179,212 $ 189,380   21%
                   
    AUA              
    Private equity $ 270,350 $ 279,909 $ 255,125 $ 263,420 $ 262,884   (3)%
    Infrastructure   60,339   62,599   62,891   67,100   69,027   14%
    Private debt   21,976   22,280   19,328   19,325   19,726   (10)%
    Real estate   168,455   166,659   168,519   168,807   168,047   —%
    Total $ 521,120 $ 531,447 $ 505,863 $ 518,652 $ 519,684   —%
                   
    Total capital responsibility(2) $ 677,757 $ 700,780 $ 681,996 $ 697,864 $ 709,064   5%

    _____________________________
    Note: Amounts may not sum to total due to rounding. AUM/AUA reflects final data for the prior period, adjusted for net new client account activity through the period presented, and does not include post-period investment valuation or cash activity. Net asset value (“NAV”) data for underlying investments is as of the prior period, as reported by underlying managers up to the business day occurring on or after 100 days, or 115 days at the fiscal year-end, following the prior period end. When NAV data is not available by the business day occurring on or after 100 days, or 115 days at the fiscal year-end, following the prior period end, such NAVs are adjusted for cash activity following the last available reported NAV.
    (1) Allocation of AUM by asset class is presented by underlying investment asset classification.
    (2) Total capital responsibility equals assets under management (AUM) plus assets under advisement (AUA).    

    Contacts

    Shareholder Relations:
    Seth Weiss
    shareholders@stepstonegroup.com
    1-212-351-6106

    Media:
    Brian Ruby / Chris Gillick / Matt Lettiero, ICR
    StepStonePR@icrinc.com
    1-203-682-8268

    Glossary

    Assets under advisement, or “AUA,” consists of client assets for which we do not have full discretion to make investment decisions but play a role in advising the client or monitoring their investments. We generally earn revenue for advisory-related services on a contractual fixed fee basis. Advisory-related services include asset allocation, strategic planning, development of investment policies and guidelines, screening and recommending investments, legal negotiations, monitoring and reporting on investments, and investment manager review and due diligence. Advisory fees vary by client based on the scope of services, investment activity and other factors. Most of our advisory fees are fixed, and therefore, increases or decreases in AUA do not necessarily lead to proportionate changes in revenue. We believe AUA is a useful metric for assessing the relative size of our advisory business.

    Our AUA is calculated as the sum of (i) the NAV of client portfolio assets for which we do not have full discretion and (ii) the unfunded commitments of clients to the underlying investments. Our AUA reflects the investment valuations in respect of the underlying investments of our client accounts on a three-month lag, adjusted for new client account activity through the period end. Our AUA does not include post-period investment valuation or cash activity. AUA as of March 31, 2025 reflects final data for the prior period (December 31, 2024), adjusted for net new client account activity through March 31, 2025. NAV data for underlying investments is as of December 31, 2024, as reported by underlying managers up to the business day occurring on or after 115 days following December 31, 2024. When NAV data is not available by the business day occurring on or after 115 days following December 31, 2024, such NAVs are adjusted for cash activity following the last available reported NAV.

    Assets under management, or “AUM,” primarily reflects the assets associated with our separately managed accounts (“SMAs”) and focused commingled funds. We classify assets as AUM if we have full discretion over the investment decisions in an account or have responsibility or custody of assets. Although management fees are based on a variety of factors and are not linearly correlated with AUM, we believe AUM is a useful metric for assessing the relative size and scope of our asset management business.

    Our AUM is calculated as the sum of (i) the net asset value (“NAV”) of client portfolio assets, including the StepStone Funds and (ii) the unfunded commitments of clients to the underlying investments and the StepStone Funds. Our AUM reflects the investment valuations in respect of the underlying investments of our funds and accounts on a three-month lag, adjusted for new client account activity through the period end. Our AUM does not include post-period investment valuation or cash activity. AUM as of March 31, 2025 reflects final data for the prior period (December 31, 2024), adjusted for net new client account activity through March 31, 2025. NAV data for underlying investments is as of December 31, 2024, as reported by underlying managers up to the business day occurring on or after 115 days following December 31, 2024. When NAV data is not available by the business day occurring on or after 115 days following December 31, 2024, such NAVs are adjusted for cash activity following the last available reported NAV.

    Consolidated Funds refer to the StepStone Funds that we are required to consolidate as of the applicable reporting period. We consolidate funds and other entities in which we hold a controlling financial interest.

    Consolidated VIEs refer to the variable interest entities that we are required to consolidate as of the applicable reporting period. We consolidate VIEs in which we hold a controlling financial interest.

    Fee-earning AUM, or “FEAUM,” reflects the assets from which we earn management fee revenue (i.e., fee basis) and includes assets in our SMAs, focused commingled funds and assets held directly by our clients for which we have fiduciary oversight and are paid fees as the manager of the assets. Our SMAs and focused commingled funds typically pay management fees based on capital commitments, net invested capital and, in certain cases, NAV, depending on the fee terms. Management fees are only marginally affected by market appreciation or depreciation because substantially all of the StepStone Funds pay management fees based on capital commitments or net invested capital. As a result, management fees and FEAUM are not materially affected by changes in market value. We believe FEAUM is a useful metric in order to assess assets forming the basis of our management fee revenue.

    Legacy Greenspring entities refers to certain entities for which the Company, indirectly through its subsidiaries, became the sole and/or managing member in connection with the Greenspring acquisition.

    SSG refers solely to StepStone Group Inc., a Delaware corporation, and not to any of its subsidiaries.

    StepStone Funds refer to SMAs and focused commingled funds of the Company, including acquired Greenspring funds, for which the Partnership or one of its subsidiaries acts as both investment adviser and general partner or managing member.

    The Partnership refers solely to StepStone Group LP, a Delaware limited partnership, and not to any of its subsidiaries.

    Total capital responsibility equals AUM plus AUA. AUM includes any accounts for which StepStone Group has full discretion over the investment decisions, has responsibility to arrange or effectuate transactions, or has custody of assets. AUA refers to accounts for which StepStone Group provides advice or consultation but for which the firm does not have discretionary authority, responsibility to arrange or effectuate transactions, or custody of assets.

    Undeployed fee-earning capital represents the amount of capital commitments to StepStone Funds that has not yet been invested or considered active but will generate management fee revenue once invested or activated. We believe undeployed fee-earning capital is a useful metric for measuring the amount of capital that we can put to work in the future and thus earn management fee revenue thereon.

    The MIL Network –

  • MIL-OSI Video: 250 Years of Navy Medicine

    Source: United States Department of Defense (video statements)

    —————
    @USNavy Medicine celebrates 250 years of excellence delivering quality healthcare to warfighters ashore, on, below and above the sea.

    #DYK Navy Medicine represents more than 44,000 highly trained military and civilian healthcare professionals. Each year only about 600 applicants are invited to interview, and under 200 are accepted.

    For more on the Department of Defense, visit: http://www.defense.gov
    —————
    Keep up with the Department of Defense on social media!

    Like the DoD on Facebook: http://facebook.com/DeptofDefense
    Follow the DoD on Twitter: http://twitter.com/DeptofDefense
    Follow the DoD on Instagram: http://instagram.com/DeptofDefense
    Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

    https://www.youtube.com/watch?v=1op3_GYTVE8

    MIL OSI Video –

  • MIL-OSI USA: Colombian National Sentenced to Over 20 Years in Prison for Role in Conspiracy to Kidnap and Assault U.S. Army Soldiers in Colombia

    Source: US State of California

    A Colombian national was sentenced today in the Southern District of Florida for her role in kidnapping and assaulting two members of the U.S. military who were on temporary duty in Bogotá, Colombia.

    Kenny Julieth Uribe Chiran, 35, was sentenced to 262 months in prison followed by three years of supervised release, and ordered to pay $24,115 in restitution. She is the third and final defendant to be sentenced and held accountable for this criminal conspiracy. She pleaded guilty in March 2025 to conspiracy to kidnap an internationally protected person.

    “Uribe Chiran and her co-defendants mercilessly preyed on U.S. soldiers when they drugged their drinks, stole their valuables, and left them incapacitated on the street,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “Kidnapping and assaulting two U.S. military service members is deplorable and the Criminal Division will continue to prioritize protecting our service members through these prosecutions. I thank the prosecutors and our law enforcement partners who work tirelessly to bring justice to these victims.”

    “Members of our military, whether serving here or abroad, can count on this Department of Justice’s respect, support, and protection,” said U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida. “Kidnappings and assaults against U.S. service members will not be tolerated. To those who would dare commit such reprehensible acts against America’s heroes, know this: We will identify you; we will find you; and we will prosecute you as aggressively as the law permits.”

    “The FBI’s commitment to investigate criminal acts against the U.S. military beyond our borders is clearly demonstrated by our persistent pursuit of justice for the two kidnapped soldiers,” said Acting Special Agent in Charge Brett D. Skiles of the FBI Miami Field Office. “Our close cooperation with Colombian and Chilean law enforcement authorities was essential to this international investigation’s success. To all would be kidnappers the message is clear: target our citizens with violence anywhere in the world and we will hold you accountable for your actions.”

    According to court documents, the two U.S. soldiers went to an entertainment district in Bogotá to watch a soccer game on the evening of March 5, 2020. They later went to a pub, where Uribe Chiran and one of her co-defendants approached the soldiers and, without their knowledge, put drugs in their drinks that rendered them incapacitated. Medical examinations later confirmed the presence of benzodiazepines in the two soldiers’ systems. The defendants then kidnapped the soldiers, took their valuables, including their credit and debit card information, and left them incapacitated on the street in separate locations. The defendants used one victim’s credit card and the other victim’s debit card to make purchases and withdraw money.

    Uribe Chiran was extradited in September 2024 from Colombia to the United States. Co-defendant Pedro Jose Silva Ochoa was extradited in April 2024 from Chile to the United States, pleaded guilty in December 2024, and was sentenced in March 2025 to 27 years and three months in prison. Co-defendant Jeffersson Arango Castellanos was extradited in May 2023 from Colombia to the United States, pleaded guilty in January 2024, and was sentenced in May 2024 to 48 years and nine months in prison.

    The FBI Miami Field Office investigated the case. The Justice Department’s Office of International Affairs and the Criminal Division’s Narcotic and Dangerous Drug Section’s Office of the Judicial Attaché in Bogotá provided significant assistance in this matter. The United States thanks Colombian law enforcement authorities for their valuable assistance.

    Trial Attorneys Clayton O’Connor and Elizabeth Nielsen of the Criminal Division’s Human Rights and Special Prosecutions Section and Assistant U.S. Attorney Bertila Fernandez for the Southern District of Florida are prosecuting the case.

    MIL OSI USA News –

  • MIL-OSI: Cal Redwood Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Menlo Park, CA, May 22, 2025 (GLOBE NEWSWIRE) — Cal Redwood Acquisition Corp. (the “Company”) announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit on May 22, 2025. The units are expected to be listed for trading on the Nasdaq Global Market under the ticker symbol “CRAQU” beginning May 23, 2025. Each unit consists of one Class A ordinary share and one right to receive one tenth of a Class A ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and rights will be listed on the Nasdaq Global Market under the symbols “CRA” and “CRAQR,” respectively. The offering is expected to close on May 27, 2025, subject to customary closing conditions.

    The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination opportunity in any industry or sector but expects to focus its efforts on businesses in the technology, media and telecommunications (TMT) sector as well as sectors that are being transformed via technology disruption, where the Company believes its management team’s operational and investment expertise will provide it with a competitive advantage.

    Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as lead book-running manager, and Seaport Global Securities is acting as joint book-runner. The Company has granted the underwriters a 45-day option to purchase up to 3,000,000 additional units at the initial public offering price to cover over-allotments, if any.

    The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.

    A registration statement relating to the securities became effective on May 22, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Media Contact

    Raymond Dong
    Cal Redwood Acquisition Corp. 
    Email: raymond@bowcapital.com 

    The MIL Network –

  • MIL-OSI New Zealand: Release: $1 billion of Māori funding gone

    Source: New Zealand Labour Party

    The Government should hang its head in shame after a budget that takes a knife to more Māori programmes.

    “In Budget 2024 more than $300 million was cut from Māori specific initiatives – Te Arawhiti, The Māori Health Authority, and Māori TV. Budget 2025 cuts even deeper with around $750 million cut from Māori Housing, Māori economic funds, Māori Education and programmes like Māori trades training,” Māori Development spokesperson, Willie Jackson said.

    “Over the two budgets, Tama Potaka has now slashed more than $1 billion of Māori specific funding and that is shameful.

    “Louise Upston has also made the shameful choice to stop funding Māori trade training when Māori unemployment has risen to 10.5 percent, with no plan to support Māori into meaningful jobs.

    “The biggest hit is in Māori housing. Whai Kainga Whai Oranga and the whole Māori housing programme has been scrapped. In total $624 million has been wiped from the books.

    “Tama Potaka is ignoring the housing data showing Māori are in the most need and has chosen to wash his hands of Māori housing.

    “This government is providing a mere $3 million per year worth of new funding for Māori Wardens and the Māori Women’s Welfare League – yet has increased its ministerial budget for international travel by $2 million per year.

    “At the same time, David Seymour is introducing his Regulatory Standards Bill under urgency that extinguishes more Māori rights, cementing this government’s lack of care towards Māori.

    “This government has proven once again that it has turned its back on the Māori-Crown relationship,” Willie Jackson said.

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

    MIL OSI New Zealand News –

  • MIL-OSI USA: News 05/22/2025 VIDEO: Tennessee Artist Martina McBride Urges Congress to Pass Blackburn’s NO FAKES Act

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)
    WASHINGTON, D.C. – U.S. Senator Marsha Blackburn (R-Tenn.), Chair of the Senate Judiciary Subcommittee on Privacy, Technology, and the Law, led a hearing examining the consequences of AI-generated deepfakes. During the hearing, Tennessee multi-platinum country music singer-songwriter, Martina McBride, called on Congress to pass Senator Blackburn’s NO FAKES Act to protect individuals and creators from digital replicas. Read more about this legislation here, and watch full video of the hearing here.

    Click here to download this photo of Martina McBride with Senators Blackburn, Coons, and Klobuchar, who co-authored the NO FAKES Act.  
    Blackburn: Deepfakes Pose Significant Threat to Livelihoods of All American Artists & Creators 
    Senator Blackburn: “Deepfakes cause tremendous harm, and today we’re going to examine those harms and the legislative solutions, including the NO FAKES Act that Senators Coons, Klobuchar, Tillis, and I have introduced… specifically to address these harms. First, these deepfakes pose significant harm to our content creators. From Music Row to Beale Street back over to the Smoky Mountains in Upper East Tennessee, Tennesseans have made their mark in the music world, and we’ve got one of those artists with us today. But the proliferation of these digital replicas created without the artists’ consent pose a real threat to their livelihoods and the livelihoods of all American artists and creators. The NO FAKES Act is a monumental step forward in protecting our creative community. It provides landmark protection of the voice and visual likenesses of all individuals and creators from the spread of these digital replicas that are created without their consent… All these content creators, our children, and all Americans deserve nothing less than our best efforts on this issue.”
    McBride Calls on Congress to Pass ‘Landmark’ NO FAKES Act to Provide a Roadmap for AI and Protect Creators’ ‘Most Personal Human Attributes’
    Martina McBride: “Today, my voice and likeness, along with so many others, are at risk… The NO FAKES Act would give each of us the ability to say when and how AI deepfakes of our voices and likenesses can be used. If someone doesn’t ask before posting a harmful deepfake, we could have it removed without jumping through unnecessary hoops or going to court. It gives every person the power to say ‘yes’ or ‘no’ about how their most personal human attributes are used. It supports AI technology by providing a roadmap for how these powerful tools can be developed in the right way, and it doesn’t stand in the way of protected uses like news, parodies, or criticism… I urge you to pass the bill now.” 
    Click here to download video of Senator Blackburn’s opening statement.
    Click here to download video of the full hearing.

    MIL OSI USA News –

  • MIL-Evening Report: Head knocks and ultra-violence: viral games Run It Straight and Power Slap put sports safety back centuries

    Source: The Conversation (Au and NZ) – By Christopher Yorke, Lecturer in sport management, Western Sydney University

    runitstraight24/instagram.com, The Conversation, CC BY

    Created in Australia, “Run It Straight” is a new, ultra-violent combat sport.

    Across a 20×4 metre grassed “battlefield,” players charge at full speed toward one another.

    Alternating between carrying the ball (ball runner) and defending (tackler), victory is awarded via knockout (a competitor cannot continue), or a judge’s decision based on an athlete’s dominance during the collisions.

    Despite neuroscientists issuing grave warnings about the brutal sport’s risks, Run It Straight’s viral popularity, including endorsement among high profile athletes, is accelerating.

    A growing scene

    This month, Melbourne hosted the inaugural “RUNIT Championship League” event.

    Footage showed some participants convulsing after their collisions as the winner celebrated, surrounded by children.

    Drawing hundreds of spectators and millions of online views, the full-speed collision challenge is already turning its violence and social media footprint into commercial success abroad, securing interest in the United States.

    The sport held some events in New Zealand this week, but one was was halted by Auckland Council due to safety concerns and failure to secure necessary permits.

    A history of sport and violence

    In ancient times, symbolic cultural displays of power and physical dominance featured in combat sports such as wrestling, boxing, pankration (a mixed martial art combining boxing and wrestling) and even armoured foot races.

    This brutal entertainment is reflected in contemporary collision sports such as the National Rugby League (NRL) and Australian Football League (AFL).

    In recent decades however, the danger of concussion has resulted in most contact sports changing rules and regulations to protect athletes from head injuries.

    Various measures have been implemented to mitigate, eliminate and treat head trauma.

    The Australian government is exerting influence and committing material resources to support athletes living with brain issues such as chronic traumatic encephalopathy (CTE).



    Read more:
    When does the love of the game outweigh the cost? ABC’s Plum brings rugby league’s concussion crisis to the fore

    Considering this multi-pronged effort to make contact sports safer, the violence of Run It Straight is jarring.

    Why are these new sports so popular?

    With its origins as a social media challenge, Run It Straight is perfect content for short-form social media platforms: an entire competition can be distilled into a 30-second highlight.

    Run It Straight’s accessible and minimalist format is also attractive to fans compared to many collision sports that have complex rules and strategies. This can be a barrier to interest, engagement and commercial returns.

    Run It Straight and other emerging, violent sports such as Power Slap (a fight sport where contestants slap each other so hard they can be knocked unconscious) are simplistic and brutal.

    But athletes in most traditional collision sports use their physical ability and skill to evade contact. Similarly, boxing is not just about strikes to the head, it is punch evasion, physical fitness and point scoring.

    But the visual spectacle and shock of two people running toward one another for an inevitable collision is a form of violence that appeals to an increasing number of sport fans.

    The risks involved

    Run It Straight is a new sport, and to our knowledge there is no empirical peer-reviewed research focusing on it.

    But many neurologists have expressed concerns about its total disregard for scientific evidence showing repeated head trauma damages brain health.

    With Run it Straight appearing to lack the medical resources and infrastructure of professional sports organisations, and with the competition’s expressed intent to have participants collide at high speed, the risk of significant injury is high.

    Power Slap, though, has been the subject of empirical research. A 2024 study reported many of the sport’s combatants showed visible signs of concussion (motor incoordination, slowness to get up and blank and vacant looks during bouts).

    An opportunity for ‘traditional’ sports?

    The rise of Run It Straight and Power Slap creates a unique opportunity for the governing bodies of contact codes such as AFL, NRL and rugby union to highlight what sets them apart.

    Key to this is athlete safety. For years, governing bodies in these codes have invested time and resources to implement concussion management protocols at professional and community levels.

    Currently, the tournament-based format for individual adult participants allows Run It Straight to operate without the broader governance responsibilities of football codes.

    However, it is because of those governance responsibilities that the football codes can amplify their athlete wellbeing credentials to reassure participants and parents who may be nervous about concussion risks.

    Second, the football codes are organised team sports played with multiple players on a team, facilitating skill acquisition, teamwork, mental wellbeing and physical fitness. While there appears to be a degree of camaraderie during Run It Straight events, it is evidently a one-on-one competition.

    Ultimately, the rise and evident popularity of Run It Straight and Power Slap provides a stark reminder there will always be a section of society that is drawn to high-risk behaviours.

    In turn, the football codes should look to highlight the value of balance and their athlete wellbeing credentials.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Head knocks and ultra-violence: viral games Run It Straight and Power Slap put sports safety back centuries – https://theconversation.com/head-knocks-and-ultra-violence-viral-games-run-it-straight-and-power-slap-put-sports-safety-back-centuries-256473

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: ICYMI: Tuberville Honors Two Fallen Alabamians Ahead of Memorial Day

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville
    “We may never have met Michael or Jason, yet they courageously were willing to give their lives for their fellow Americans. We will continue to share their stories to ensure their sacrifices are never forgotten.”
    WASHINGTON – This week, U.S. Senator Tommy Tuberville (R-AL) honored two of Alabama’s fallen soldiers and their families in advance of Memorial Day. On the Senate floor, Senator Tuberville shared the stories of U.S. Army Staff Sergeant Michael Wesley Hosey of Clay and U.S. Marine Corps Lance Corporal Jason Barfield of Ashford.
    Earlier this month, Senator Tuberville also introduced a resolution that would designate May 2025 as “Fallen Heroes Memorial Month.”
    Excerpts from Senator Tuberville’s remarks can be found below and his full remarks can be found on Rumble or YouTube. 

    MICHAEL WESLEY HOSEY
    “For U.S. Army Staff Sergeant Michael Wesley Hosey, there was never a question in anyone’s mind as to what he wanted to do when he grew up. Every Career Day, he would always dress up as a soldier. Michael loved reading about history —and he loved our country. So much so, that his friends and family gave him the nickname, ‘’Merican…’”
    “Because Michael was only 17 when he graduated from Clay-Chalkville High School, his dad, also named Michael, had to sign his permission for him to enlist in the Army. As a Vietnam veteran, the elder Michael knew all too well what his son was signing up for. Yet, the Hosey family supported Michael’s decision to serve his country. There’s no question that this courageous young man also came from a courageous family.”
    “Michael had a giving heart and continued to earn the trust of the locals—especially all the kids. His sister Laurie recalls him always asking his family to send candy when they sent him a package. At first, she found this odd because Michael wasn’t a big candy eater, but they’d always send Skittles or gum. She later realized Michael wasn’t asking for candy [for] himself—but to share with all the kids in the country. Sadly, Michael lost his life on September 17, 2011, during Operation Enduring Freedom—one week before his 28th birthday. When sharing his story, Laurie wants us to remember that ‘Freedom is not free.’ It’s a reality that her and Michael’s parents—Condi and the older Michael—still carry with them every single day.”
    JASON BARFIELD
    “Jason lived his life with the goal of making a difference. His mom Kelli says that Jason believed that there was good in everyone—even if you couldn’t find it at first, that just meant just to dig a little bit deeper. Jason lived by the motto that ‘Every Day is A Good Day.’ He also had a gift for music and was in the band at Ashford, Alabama, High school. He enjoyed singing in church, playing the saxophone, and was teaching himself to play the piano. Jason’s hard work and talents earned him a four-year band scholarship to Huntington College—but he chose to forego the scholarship to enlist in the Marines, because he wanted to be part of the best.”
    “Jason surprised his family for Christmas in 2010 and spoke about his new goal to re-enlist in the military and become a chaplain. The Barfield’s didn’t know this would be their last holiday that they would spend together. Jason was killed in action on October 24, 2011, at the young age of 22. Sensing the danger that was ahead, Jason pushed eight of his fellow Marines, a native translator, and a K-9 out of the way from the booby trap explosion that would claim his own life. Jason’s platoon Sergeant Gunney Thrash, said, ‘His name and his actions for his fellow Marines will outlive all of us.’”
    ON IMPORTANCE OF MEMORIAL DAY
    “Michael Wesley Hosey and Jason Barfield are two young men who never got to start a family or fully pursue their dreams. We are forever grateful and indebted to them for their sacrifice that gives us the assurance to continue to sing the national anthem, not with a question mark—but with a declaration that we are the ‘land of the free and the home of the brave.’  I’m reminded of the words in John 15:13—’Greater love has no one than this, than to lay down one’s life for his friends.’ We may never have met Michael or Jason, yet they courageously were willing to give their lives for their fellow Americans. We will continue to share their stories to ensure their sacrifices are never forgotten. As Memorial Day approaches, I hope we take the time to honor America’s fallen, along with the brave families who have been left behind. May we never forget that freedom is not free.”
    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.

    MIL OSI USA News –

  • MIL-Evening Report: Deaf President Now! traces the powerful uprising that led to Deaf rights in the US – now again under threat

    Source: The Conversation (Au and NZ) – By Gemma King, ARC DECRA Fellow in Screen Studies, Senior Lecturer in French Studies, Australian National University

    Archival footage shows Tim Rarus, Greg Hlibok, Bridgetta Bourne-Firl and Jerry Covell, in Apple TV+ Deaf President Now! Apple TV+

    In March 1988, students of the world’s only Deaf university started a revolution that made national news. Now, the first film to document this historic uprising is screening on Apple TV+.

    At the same time, American universities are grappling with the consequences of President Donald Trump’s war on diversity, equity and inclusion.

    Gallaudet, home of the Deaf Rights movement

    By 1988, Washington DC’s Gallaudet University had been educating Deaf students in American Sign Language (ASL) for 124 years. But it had never had a Deaf president.

    For the first time, two Deaf candidates were in the running for the top job. One was Gallaudet’s own Irving King Jordan. The second was Harvey Corson of the American School for the Deaf.

    The third was Elisabeth Zinser, a hearing woman from the University of North Carolina Greensboro. She had no experience of Deaf community or knowledge of ASL.

    As the hearing board of trustees met to choose a new leader, the student body waited with bated breath. Self-determination in higher education – by the Deaf, for the Deaf – was finally a possibility. But once again the board chose a hearing person, Zinser.

    When chair Jane Spilman was questioned about the choice, she replied, “Deaf people are not ready to function in a hearing world.”

    Incensed, Gallaudet students barricaded the campus, gave impassioned media interviews and took to marching. First they marched around the university – Zinser effigies burning – and then all the way to the Capitol.

    The Deaf President Now protest became national news, leading to the resignations of Zinser and Spilman, and the appointment of Jordan as president. It also helped propel the Disability Rights Movement, contributed to the 1990 Americans with Disabilities Act and inspired Deaf Pride movements around the world.

    Jane Bassett Spilman and Elisabeth Zinser resigned as a result of the Deaf President Now movement.
    Apple TV+

    Timely, vital and imperfect

    The 2025 documentary Deaf President Now! opens with footage of a political act: not from the 1988 protests, but from the present day, as the movement’s original student leaders – Bridgetta Bourne, Jerry Covell, Greg Hlibok and Tim Rarus – advise on their interview setups.

    One alerts the crew they can’t see the interpreter. Another explains how much signing space they need in the frame. A third asks, joking but incisive, “What’s the microphone for?”

    These aren’t throwaway moments; they show how inclusion and authenticity are only possible when Deaf people are in control of their own stories.

    The film excels in exposing the paternalistic attitude and tightly-held hearing power that has long shaped Deaf education.

    The film’s most powerful moments are when it contrasts the board’s dismissive rhetoric against the eloquent, impassioned arguments of the Deaf student body. Through intimate interviews and carefully curated archival footage, the documentary dismantles prevailing presumption that Deaf individuals need hearing oversight to succeed.

    At the same time, the film embodies a paradox that mirrors its subject matter, as it is co-directed by hearing filmmaker Davis Guggenheim and Deaf director Nyle DiMarco.

    DiMarco has been active in the screen industry for more than a decade, in acting roles and as a producer on Netflix hits Deaf U (2020) and Audible (2021). Though his involvement represents progress, Guggenheim’s raises an uncomfortable question: when will Deaf filmmakers fully own their narratives and be entrusted to lead projects?

    Nyle DiMarco and Davis Guggenheim co-directed the documentary, with interviews from several of the movement’s leading figures.
    Apple TV+

    The collaboration reflects how stories celebrating Deaf empowerment often require hearing endorsement to reach a mainstream audience. The film’s distribution on Apple TV+ offers unprecedented visibility, but comes through channels controlled by hearing decision-makers.

    This production context reminds us true representation extends beyond what appears onscreen, to who controls the storytelling process — a revolution unfinished in Deaf cinema.

    Using film for Deaf empowerment

    The industry may remain exclusive, but the camera itself can be a tool for Deaf power. Throughout history, Deaf individuals have harnessed film as a means of resistance.

    The extensive archival footage in Deaf President Now! shows how, by 1988, film was already being used by the Deaf community as a form of advocacy. Through the blending of this footage with present-day interviews in ASL, we witness Deaf individuals taking ownership of their history and recounting it in their authentic language form.

    The documentary also mirrors how media attention was integral to spreading the protest’s message back in 1988. This culminated in a national broadcast of a live debate between Zinser and Greg Hlibok, the then student body president.

    To understand the film’s profound importance for the Deaf community, we must recognise how sign languages have historically been undocumented in their true form, with speech and writing considered superior modes of communication.

    Deaf culture, language and community are powerful forces of resistance that have continually defied mainstream oppression.

    Trump: a step back for the movement

    While the film was long overdue, its arrival now is eerily relevant. Trump’s push for conservative policies – part of what he calls “Project 2025” – seeks to dismantle programs and funding that serve minority students, including disability groups.

    Many of the protections in the Americans with Disabilities Act are under threat as a result, including fundamental rights to sign language and interpreting access in higher education and beyond.

    According to the New York Times, hundreds of terms including “accessibility”, “disability”, “minority” and “inequality” are being limited or outright removed from official government materials. In some cases, grant proposals and contracts have been automatically flagged for including “woke” terminology.

    The spirit of the Deaf President Now! resistance has never been more vital.

    But if Deaf history has taught us anything, it’s that the Deaf community forges a deep sense of pride and connection in the face of such pressures. And films like Deaf President Now! show us how integral film is to this resistance.

    Gemma King receives funding from the Australian Research Council.

    Samuel Martin and Sofya Gollan do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Deaf President Now! traces the powerful uprising that led to Deaf rights in the US – now again under threat – https://theconversation.com/deaf-president-now-traces-the-powerful-uprising-that-led-to-deaf-rights-in-the-us-now-again-under-threat-257233

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Police advise vigilance with building site property

    Source: New Zealand Police

    Police are issuing a reminder to the Rodney community to be vigilant with items being stolen from building sites and new builds.

    Waitematā North Police have seen an increase in Gas califonts being stolen recently.

    Area Prevention Manager Senior Sergeant Roger Small says they are simple to remove and easy to on sell in places such as Facebook Marketplace.

    “We are seeing an increase in the theft of these units, predominately from homes that are currently under construction.

    “These homes are often easy to access as they are not yet properly secured, giving would be thieves an easy entrance.”

    Potential prevention measures include but are not limited to:

    -Installing a security bracket, which can be fitted into the back of the califonts and make it much harder to be removed. Such brackets can be purchased with the unit, or from most hardware shops for a small cost. “These brackets would significantly slow down offenders, making your property a less attractive target,” Senior Sergeant Small says.

    – Install the califont as late in the building process as possible as an occupied dwelling is far less appealing to offenders.

    – CCTV is a fantastic deterrent and investigative tool.

    Top tips:
    • Record serial numbers (either write it down or take a photo) – as we recover stolen property regularly.
    • Is it too good to be true? Items sold online at a cheap price may be stolen property!
    • Report offending to Police online
    • Be vigilant – if you see suspicious activity call Police on 111

    Information can also be provided anonymously via Crime Stoppers on 0800 555 111.
    ENDS.

    MIL OSI New Zealand News –

  • MIL-OSI China: UNESCO intangible cultural heritage: Gesar epic tradition

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

    Editor’s note: The Gesar epic tradition was inscribed on UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity in 2009. This recognition honors the Gesar epic as one of the world’s oldest and most important oral traditions.

    The epic, which is performed through storytelling, song and recitation, is an integral part of the cultural heritage of the Tibetan, Mongolian, Tu, Yugu and other ethnic groups in China. It is a narrative that tells the heroic tale of King Gesar, a divine warrior and ruler who defends his people, fights against evil forces, and brings justice and prosperity to his kingdom.

    The epic is significant not only for its literary and artistic merit but also for its social function as a way to preserve cultural values, history and identity. Its performance often involves both professional and amateur performers, who engage in the oral tradition of storytelling, sometimes accompanied by music and dance, providing a dynamic experience for audiences. The epic’s deep roots in various cultures make it a key symbol of shared heritage across the region.

    The Gesar epic is believed to have originated in ancient Tibetan oral traditions, with some estimates suggesting its origins as far back as the 10th century. The story of King Gesar was initially passed down orally by bards and storytellers, evolving over time as it spread across different regions and cultures. Over the centuries, the epic has undergone numerous adaptations, with various versions in different languages, including Tibetan, Mongolian and Chinese.

    The earliest written records of the Gesar epic began to appear in the 11th century, with manuscripts preserved in Tibetan monasteries. The oral tradition, however, remained the dominant mode of transmission for much of its history. In these performances, the narrative is typically sung or chanted by a “Gesar bard” or “epic singer,” who often improvises parts of the story, tailoring it to the particular audience or occasion. The epic was passed down through generations, not only as a form of entertainment but also as a source of moral instruction and cultural pride.

    King Gesar, as portrayed in the epic, is depicted as a supernatural hero with divine powers. He battles against malevolent forces and brings peace and justice to his people. The story is filled with symbolism and allegory, reflecting themes of good versus evil, the struggle for justice, and the importance of wisdom and courage. The epic’s cultural significance grew as it spread to different ethnic communities, each of which contributed its own variations and perspectives on the narrative.

    Today, the Gesar epic remains an important cultural treasure, though it faces challenges in the modern world. The rise of digital media, urbanization and the decline of oral traditions have all affected the transmission of the epic. However, the epic is still performed in many regions, particularly in Tibetan and Mongolian communities, and there have been efforts to revitalize and preserve the tradition.

    Many local communities continue to celebrate the Gesar epic during festivals, religious ceremonies and other social gatherings. Professional epic singers, some of whom are well-known figures, continue to perform the epic at public events and festivals, drawing large audiences. 

    Additionally, there are ongoing efforts to document the various versions of the epic, ensuring that its linguistic and cultural diversity is preserved. Some academic institutions and cultural organizations have worked to promote the study and performance of the epic, providing training for new generations of epic performers. Initiatives to include the epic in educational curricula and to integrate it into cultural tourism have also helped raise awareness and foster greater appreciation for this heritage.

    UNESCO’s recognition of the Gesar epic tradition acknowledges its status as a masterpiece of oral literature. The epic, according to UNESCO, is a vital part of the region’s cultural identity, fostering social cohesion, moral values and a sense of belonging among the communities that perform it.

    UNESCO has praised the epic for its multifaceted role in preserving history, culture and language, saying the epic is not only an art form but also an essential means of transmitting traditional knowledge and wisdom across generations.

    In its recognition, UNESCO also emphasizes the need for ongoing efforts to preserve the tradition in the face of modernization. The inclusion of the Gesar epic on the Representative List is intended to ensure its preservation through documentation, promotion and the encouragement of new performances. It is hoped that such efforts will help ensure the continuity of this important cultural heritage and its transmission to future generations.

    Discover more treasures from China on UNESCO’s ICH list:

    • 2024: Spring Festival

    • 2022: Traditional tea processing

    • 2020: Wangchuan ceremony, taijiquan

    • 2018: Lum medicinal bathing of Sowa Rigpa

    • 2016: Twenty-four solar terms

    • 2013: Abacus-based Zhusuan

    • 2012: Training plan for Fujian puppetry performers

    • 2011: Shadow puppetry, Yimakan storytelling

    • 2010: Peking opera, acupuncture and moxibustion, wooden movable-type printing, watertight-bulkhead technology of Chinese junks, Meshrep

    • 2009: Yueju opera, Xi’an wind and percussion ensemble, traditional handicrafts of making Xuan paper, traditional firing techniques of Longquan celadon, Tibetan opera, sericulture and silk craftsmanship, Regong arts, Nanyin, Khoomei, Mazu belief and customs, Dragon Boat Festival, Manas, Craftsmanship of Nanjing Yunjin brocade, Xinjiang Uygur Muqam art, Hua’er, China engraved block printing technique, Chinese traditional architectural craftsmanship for timber-framed structures, Chinese paper-cut, Chinese calligraphy, Chinese seal engraving, Grand song of Dong ethnic group, Traditional Li textile techniques, Traditional design and practices for building Chinese wooden arch bridges, Farmers’ dance of China’s Korean ethnic group

    • 2008: Kunqu opera, Guqin, Urtiin Duu

    MIL OSI China News –

  • MIL-OSI Banking: The Answer Found from the Fusion of Technology and Sensibilities—Our Message for the Future Conveyed Through The Land of NOMO: Yuichiro Haraguchi

    Source: Panasonic

    Headline: The Answer Found from the Fusion of Technology and Sensibilities—Our Message for the Future Conveyed Through The Land of NOMO: Yuichiro Haraguchi

    Yuichiro Haraguchi
    General Producer of the Panasonic Group’s Pavilion The Land of NOMOEXPO Promotion ProjectPanasonic Operational Excellence Co., Ltd.
    Yuichiro Haraguchi joined Panasonic in 2004 and was assigned to the Corporate eNet Business Division, where he was responsible for planning services for internet-connected home appliances. He was later transferred to the former Television Business Division, where he worked on overseas consumer marketing and global brand strategy. After promoting CSR communications in the Brand Communication Sector, he was transferred in 2014 to the former Tokyo Olympic & Paralympic Enterprise Division, where he led new business development in the field of accessibility. He has held his current position since 2022.

    The Idea Behind the Panasonic Group’s Pavilion The Land of NOMO
    It has already been about three years since I got involved with the Expo. Starting from scratch, we brought together the strengths of many people and have now grown our project into something we’re proud to present to everyone. It is deeply moving to finally witness this long-awaited moment.

    The Land of NOMO is an experiential pavilion designed primarily for children, based on the concept “Set your heart and mind free, and the world will open up.” In the 720° cycle where human and natural activities interact and circle around each other, I hope children will feel a sense of hope that, by becoming aware of their own sensibilities and unleashing their imagination, they can change the future.
    What we value most in The Land of NOMO is the opportunity for everyone to enjoy it with a free and honest heart. You don’t have to be bound by the rules. You can run around, lie down, or jump inside the pavilion. In this space, you can discover your own potential by touching various objects, having unique experiences, and playing to your heart’s content.

    Mobilizing the Collective Strengths of the Panasonic Group, Grounded in Konosuke Matsushita’s Philosophy
    A general producer typically begins by giving form to their own philosophy and concepts. However, the Panasonic Group has a guiding philosophy passed down from the founder Konosuke Matsushita. We are also fortunate to be in a corporate environment rich in technical expertise, sophisticated design, and partners who foster co-creation. My main role has been to connect Konosuke Matsushita’s vision with the company’s diverse technologies and ideas, and then embody them in a story.
    The biggest challenge in designing the exhibition was how to incorporate and convey Konosuke Matsushita’s philosophy. Conversations with those involved in developing educational support services gave me a clue. They explained that differences in individual strengths and learning styles significantly affect the quality of learning. For example, some people prefer to work intently with their hands, while others mull things over or chat with others to move forward. Their services work as tailored approaches to teaching, thinking, and learning for each personality type, based on an analysis of extensive questionnaire results and other data. We realized that by combining this analysis with our facial expression and behavior analysis technologies—developed through years of engaging with people’s daily lives and grounded in our human insight (Japanese only) research—we could study children’s individuality and characteristics. This is how we came up with a story in which children play and explore The Land of NOMO, with different messages appearing depending on their actions. This program was made possible using the ideas of our colleagues who work with children every day. The dedicated Expo team alone could not have come up with the concept of The Land of NOMO. We were able to fully leverage our strengths and the unique quality of Panasonic as a company that has long been committed to the betterment of people’s lifestyles.

    Through our activities, many people connected to Panasonic expressed their desire to be part of the Expo or try out their ideas. However, only about 10–20 percent of the ideas from nearly 1,000 people have actually been incorporated. Even still, we aim to bring more voices to life through events and other opportunities during the Expo.

    What Makes a Pavilion Truly Panasonic?

    Meet Matemon—playful characters created by our team and hidden throughout the pavilion as a secret surprise!

    Resource circulation is an initiative that reflects the passion of many people within the Panasonic Group. Panasonic has a system of recycling resources that our colleagues have developed through the recycling of home appliances, and our pavilion maximizes this system. At first glance, using wood might seem more environmentally friendly. However, we believe our strength lies in exploring the potential of metal, which can be reshaped into new forms after just six months of use at the Expo. About 98% of the columns and beams supporting the pavilion are made from scrap iron obtained from home appliances. The trunk cables that power the various electrical features of the pavilion experience are made using copper recovered from the printed circuit boards of used home appliances. In a sense, the pavilion has been reborn from home appliances.
    We have also collaborated with many partners, asking ourselves what kind of legacy we can leave to the next generation for a better future society. For example, we are conducting hydrogen pipeline demonstrations as part of a co-creation initiative with NTT. Hydrogen produced by the NTT Pavilion, using non-CO2-emitting energy sources such as solar power, is transported through an underground pipeline to a pure hydrogen fuel cell generator at the Panasonic Group Pavilion, where it is used to illuminate the pavilion after sunset. This six-month demonstration at the Expo is designed to contribute to the creation of a hydrogen society.

    At the pre-opening lighting ceremony of The Land of NOMO, the illumination designed with students and children was unveiled in front of the children and their families.

    I believe the Expo is a place where we will be evaluated by the real reactions of the public. As we operate the pavilion over the next six months, we want to stay mindful of how children feel and how much they enjoy their experience. There is no greater joy than offering children an opportunity, through this pavilion, to discover their hidden potential and take a step toward the future.

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Global Banks –

  • MIL-OSI Australia: Stolen motor vehicle pursuit – Palmerston

    Source: Northern Territory Police and Fire Services

    Strike Force Trident have arrested four youths in relation to a stolen motor vehicle and pursuit in Palmerston yesterday afternoon.

    Around 2:30pm, the Joint Emergency Services Communication Centre received reports of a Toyota Hilux driving dangerously through Berrimah along the Stuart Highway. Checks of the vehicle’s registration identified that it had been stolen from an address in Darwin City.

    A short time later, Trident members sighted the vehicle stationary on Bailey Circuit, Driver, with one male youth exiting before it drove away. The 16-year-old male attempted to flee on foot but was arrested at the scene.

    A pursuit of the vehicle was initiated; however, it was terminated shortly after when it ran through a red light.

    A search was commenced involving Strike Force Trident, Dog Operations Unit, General Duties and CCTV operators resulting in the vehicle being sighted on Osgood Drive, Eaton, where the group abandoned it and fled the scene on foot. After a short foot pursuit, three youths were apprehended.

    A 15-year-old male was charged with multiple offences including, Damage property, Drive whilst unlicensed, Driving, riding, Using motor vehicle without consent, Drive motor vehicle speed dangerous, and Dangerous driving during a pursuit. He was remanded to appear in court on 23 May 2025.

    Three youths aged 15, 16 and 17 will be dealt with under the Youth Justice Act 2005.

    Police continue to urge those who witness a crime or anti-social behaviour to make contact on 131 444. Anonymous reports can also be made through Crime Stoppers on 1800 333 000 or via https://crimestoppersnt.com.au/.

    MIL OSI News –

  • MIL-OSI Australia: Truck driver charged over crash at Blackwood

    Source: New South Wales – News

    A truck driver was arrested after a crash that seriously injured a motorcyclist at Blackwood yesterday afternoon.

    Just after 3.30pm on Thursday 22 May, police were called to Shepherds Hill Road, Blackwood after reports of a collision between a truck and motorcycle.

    The rider, a 46-year-old man from Blackwood, sustained serious injuries in the crash and was rushed to hospital. He remains in a critical condition.

    The truck driver, a 38-year-old man from Holden Hill, was not injured.

    Major Crash Investigators attended the scene to determine the circumstances surrounding the crash.

    Last night, the truck driver was arrested and charged with cause serious harm by dangerous driving.  He was issued with an immediate loss of licence until further order and bailed to appear in the Christies Beach Magistrates Court on 31 July.

    Anyone who witnessed the crash and hasn’t yet spoken to police or has dashcam or CCTV footage that captured the collision or either the truck or motorcycle in the vicinity of Shepherds Hill Road yesterday is asked to contact Crime Stoppers at www.crimestopperssa.com.au or on 1800 333 000. You can remain anonymous.

    MIL OSI News –

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 23, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 23, 2025.

    Half the remaining habitat of Australia’s most at-risk species is outside protected areas
    Source: The Conversation (Au and NZ) – By Michelle Ward, Lecturer, School of Environment and Science, Griffith University Land clearing for agriculture poses a real threat to many species. Rich Carey/Shutterstock More and more Australian species are being listed as critically endangered – the final stage before extinction in the wild. Hundreds of species of

    How should central banks respond to US tariffs? The RBA provides some clues
    Source: The Conversation (Au and NZ) – By Stella Huangfu, Associate professor, University of Sydney Lightspring/Shutterstock With the return of Donald Trump to the White House, the United States has signalled a return to aggressive tariff policies, upending economic forecasts around the world. This leaves central banks with a tricky dilemma: how to respond when

    Vivid, thrilling and ghastly: new theatrical adaptation of The Birds evokes climate disaster, terrorism and lockdown
    Source: The Conversation (Au and NZ) – By Sarah Austin, Senior Lecturer in Theatre, The University of Melbourne Pia Johnson/Malthouse Theatre Malthouse’s new production of The Birds is a thrillingly realised take on the 1952 short story by Daphne Du Maurier. Adapted by Louise Fox and directed by Matthew Lutton, this vivid realisation is a

    Air New Zealand to resume Auckland-Nouméa flights from November
    By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk Air New Zealand has announced it plans to resume its Auckland-Nouméa flights from November, almost one and a half years after deadly civil unrest broke out in the French Pacific territory. “Air New Zealand is resuming its Auckland-Nouméa service starting 1 November 2025. Initially, flights will

    Budget 2025: Pacific Ministry faces major cuts, yet new initiatives aim for development
    By ‘Alakihihifo Vailala of PMN News Funding for New Zealand’s Ministry for Pacific Peoples (MPP) is set to be reduced by almost $36 million in Budget 2025. This follows a cut of nearly $26 million in the 2024 budget. As part of these budgetary savings, the Tauola Business Fund will be closed. But, $6.3 million

    Air New Zealand to resume Auckland-Nouméa flights from November
    By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk Air New Zealand has announced it plans to resume its Auckland-Nouméa flights from November, almost one and a half years after deadly civil unrest broke out in the French Pacific territory. “Air New Zealand is resuming its Auckland-Nouméa service starting 1 November 2025. Initially, flights will

    Budget 2025: Pacific Ministry faces major cuts, yet new initiatives aim for development
    By ‘Alakihihifo Vailala of PMN News Funding for New Zealand’s Ministry for Pacific Peoples (MPP) is set to be reduced by almost $36 million in Budget 2025. This follows a cut of nearly $26 million in the 2024 budget. As part of these budgetary savings, the Tauola Business Fund will be closed. But, $6.3 million

    Why Donald Trump has put Asia on the precipice of a nuclear arms race
    Source: The Conversation (Au and NZ) – By Ian Langford, Executive Director, Security & Defence PLuS and Professor, UNSW Sydney For the past 75 years, America’s nuclear umbrella has been the keystone that has kept East Asia’s great‑power rivalries from turning atomic. President Donald Trump’s second‑term “strategic reset” now threatens to crack that arch. By

    Corroboree 2000, 25 years on: the march for Indigenous reconciliation has left a complicated legacy
    Source: The Conversation (Au and NZ) – By Heidi Norman, Professor of Aboriginal political history, Faculty of Arts, Design and Architecture, Convenor: Indigenous Land & Justice Research Group, UNSW Sydney First Nations people please be advised this article speaks of racially discriminating moments in history, including the distress and death of First Nations people. On

    KiwiSaver at a crossroads: budget another missed opportunity to fix NZ’s underperforming retirement scheme
    Source: The Conversation (Au and NZ) – By Aaron Gilbert, Professor of Finance, Auckland University of Technology Lynn Grieveson/Getty Images When KiwiSaver was introduced in 2007 it was built on a stark reality: New Zealand Super alone will not be enough for most people to retire with dignity. As the population ages and the cost

    Deaf President Now! traces the powerful uprising that led to Deaf rights in the US – now again under threat
    Source: The Conversation (Au and NZ) – By Gemma King, ARC DECRA Fellow in Screen Studies, Senior Lecturer in French Studies, Australian National University Archival footage shows Tim Rarus, Greg Hlibok, Bridgetta Bourne-Firl and Jerry Covell, in Apple TV+ Deaf President Now! Apple TV+ In March 1988, students of the world’s only Deaf university started

    Head knocks and ultra-violence: viral games Run It Straight and Power Slap put sports safety back centuries
    Source: The Conversation (Au and NZ) – By Christopher Yorke, Lecturer in sport management, Western Sydney University runitstraight24/instagram.com, The Conversation, CC BY Created in Australia, “Run It Straight” is a new, ultra-violent combat sport. Across a 20×4 metre grassed “battlefield,” players charge at full speed toward one another. Alternating between carrying the ball (ball runner)

    NZ Budget 2025: funding growth at the expense of pay equity for women could cost National in the long run
    Source: The Conversation (Au and NZ) – By Jennifer Curtin, Professor of Politics and Policy, University of Auckland, Waipapa Taumata Rau Pay equity protest outside parliament on budget day, May 22 2025. Getty Images In 1936, when the National Party was created through a merger of the United and Reform parties, there was a recognition

    Australian roads are getting deadlier – pedestrians and males are among those at greater risk
    Source: The Conversation (Au and NZ) – By Milad Haghani, Associate Professor & Principal Fellow in Urban Risk & Resilience, The University of Melbourne At least ten people died in fatal crashes earlier this month in a single 48-hour period on Victorian roads. It was the latest tragic demonstration of the mounting road trauma in

    There is a growing number of ‘super-sized’ schools. Does the number of students matter?
    Source: The Conversation (Au and NZ) – By Emma Rowe, Associate Professor in Education, Deakin University LBeddoe/Shutterstock Earlier this week, The Sydney Morning Herald reported one of Sydney’s top public high schools had more than 2,000 students for the first time, thanks to the booming population in the area. This follows similar reports of other

    From peasant fodder to posh fare: how snails and oysters became luxury foods
    Source: The Conversation (Au and NZ) – By Garritt C. Van Dyk, Senior Lecturer in History, University of Waikato An Oyster cellar in Leith John Burnet, 1819; National Galleries of Scotland, Photo: Antonia Reeve Oysters and escargot are recognised as luxury foods around the world – but they were once valued by the lower classes

    Govt should defuse NZ’s social timebomb – but won’t
    We have been handed a long and protracted recession with few signs of growth and prosperity. Budget 2025 signals more of the same, writes Susan St John. ANALYSIS: By Susan St John With the coalition government’s second Budget being unveiled, we should question where New Zealand is heading. The 2024 Budget laid out the strategy.

    Punitive criminal libel charge against Samoan journalist draws flurry of criticism
    Pacific Media Watch A punitive defamation charge filed against one of Samoa’s most experienced and trusted journalists last week has sparked a flurry of criticism over abuse of power and misuse of a law that has long been heavily criticised as outdated. Talamua Online senior journalist Lagi Keresoma, who is also president of the Journalists

    Grattan on Friday: if Ley and Littleproud find a way to cohabit, it will be a tense household
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Remember that cliche about the Nationals tail wagging the Liberal dog? That tail wagged very vigorously this week, and smashed a lot of crockery, as it sought to bring Liberal leader Sussan Ley to heel. In a gesture of overreach,

    Legal academic says Samoa’s criminal libel law should go after charge
    By Don Wiseman, RNZ Pacific senior journalist An Auckland University law academic says Samoa’s criminal libel law under which a prominent journalist has been charged should be repealed. Lagi Keresoma, the first female president of the Journalists Association of Samoa (JAWS) and editor of Talamua Online, was charged under the Crimes Act 2013 on Sunday

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: High school drama festival marks WWII victory anniversary

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

    Students at Beijing’s No. 5 High School staged nine performances commemorating the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War during the school’s 23rd annual drama festival on May 16.

    Students perform “The Eternal Wave” during a high school drama festival in Beijing, May 16, 2025. [Photo provided to China.org.cn]

    Vice Principal Chen Ying said around 400 teachers and students from the school’s second-year classes worked on the productions from March to May under the theme “remembering history,” with nearly a third of students taking acting roles.

    Since its first edition in 2002, the festival has grown to combine literature, stagecraft and other disciplines, helping students develop artistic skills while strengthening cultural identity through classic works, Chen said. The school uses theater to expand students’ cultural understanding.

    The festival featured nine thematically diverse productions. Works ranged from Lao She’s stories of ordinary lives to depictions of anti-fascist resistance. “Four Generations Under One Roof” portrayed civilian resilience under occupation. “Nanjing Memorial” honored women defying Japanese brutality. “The Message” depicted wartime espionage. “The Dawns Here Are Quiet” adapted from Soviet literature, connected with the Chinese classic “The Eternal Wave” to show the global anti-fascist struggle.

    Students perform “The Dawns Here Are Quiet” during a high school drama festival in Beijing, May 16, 2025. [Photo provided to China.org.cn]

    Student performers reflected on sacrifice and bravery during dark times. Through rehearsals and performances, they deepened their understanding of heroes and said theater transported them to that brutal era, making them appreciate today’s peace.

    Chen said students’ experiences revealed the educational value of the high school drama festival.

    “When students use critical thinking to explore history and examine contemporary issues through performance, theater transcends entertainment,” Chen said. “It becomes a vessel that awakens collective memory and fosters national identity.”

    Beijing No. 5 High School is one of the city’s leading academic institutions, ranking among the city’s top high schools.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Very Hot Weather Warning issued

    Source: Hong Kong Government special administrative region

    Attention TV/radio announcers:

    Please broadcast the following as soon as possible:

    The Hong Kong Observatory has issued the Very Hot Weather Warning.

    To prevent heat stroke, avoid prolonged activities outdoors.

    If engaged in outdoor work or activities, wear a wide-brimmed hat and light-coloured, loose-fitting clothes. Stay in shaded areas as much as possible.

    Drink plenty of water, and avoid beverages containing caffeine or alcohol.

    If you feel sick, consult a doctor right away.

    MIL OSI Asia Pacific News –

  • MIL-OSI New Zealand: Have you seen Michael?

    Source: New Zealand Police

    Wellington Police are continuing to appeal for sightings of missing man Michael, who was reported missing on 19 May.

    Police and Michael’s family are becoming increasingly concerned for his safety.

    It has now been established that the last known sighting of him was on CCTV at the intersection of Bouverie Street and Udy Street in Petone at about 2:45pm on 19 May 2025.

    He was wearing the clothing pictured in the images shared here.

    Police are asking anyone who was in the Petone or Alicetown areas on the afternoon of 19 May who may have information, or may have seen Michael, to contact Police through our 105 service, quoting reference number 250520/2542.

    We are also asking for anyone with dashcam footage, or residents or businesses with CCTV footage, to review their footage for any sightings of Michael on the afternoon in question.

    Anyone who believes they see Michael is urged to call 111 immediately.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI Security: Waterbury Man Sentenced to More Than Eight Years in Federal Prison for Violent Carjacking, Drug Trafficking

    Source: US FBI

    David X. Sullivan, United States Attorney for the District of Connecticut, announced that LUIS CRUZ, also known as “Goldo,” 27, of Waterbury, was sentenced today by U.S. District Judge Kari A. Dooley in Bridgeport to 97 months of imprisonment, followed by three years of supervised release, for his participation in both a violent carjacking and a Waterbury-based narcotics trafficking ring.

    According to court documents and statements made in court, in the early morning hours of June 18, 2023, two all-terrain vehicles (“ATVs”) were stolen from a Waterbury residence.  After the theft, Cruz posted on Facebook offering $5,000 to anyone providing information about the location of the stolen vehicles.  Cruz and others then mistakenly identified an individual (“Victim 1”), who they incorrectly believed was involved in the theft.  Later that night, Victim 1’s friend, (“Victim 2”), picked up Victim 1 from work and drove him home.  As they arrived at Victim 1’s residence, three vehicles followed them and surrounded the victims.  Cruz and his associates, one of whom carried an assault-style rifle, exited the vehicles and approached the victims.  Cruz and his associates demanded the return of the stolen ATVs, threatened to kill the victims, and physically assaulted them.  Cruz, who was recovering from a leg injury, used a crutch to repeatedly strike one of the victims.

    Cruz and his associates then stole Victim 2’s vehicle, which was owned by Victim 2’s relative, and other items and cash belonging to the victims.

    Also in 2023, Cruz was one of 17 individuals charged with federal offenses as a result of an investigation into two drug trafficking organizations based in the city of Waterbury.  One organization operated in the area of William Street and the other operated in the area of Maple Avenue.  The investigation, which included court-authorized wiretaps on multiple phones, video surveillance, GPS tracking of vehicles, and numerous controlled purchases of narcotics, revealed that the two organizations distributed cocaine, crack, and fentanyl through a network of sellers.  The organizations shared sources of supply and worked together to further their operations.

    During the investigation, Cruz, who was involved in the William Street organization, was intercepted multiple times over a wiretap discussing the distribution of narcotics.  Cruz distributed cocaine, and also stored narcotics for the organization at various hotels.

    Cruz and several codefendants were arrested on November 29, 2023.  In association with the arrests, investigators executed multiple search warrants and seized approximately 700 grams of crack cocaine, more than 900 vials (“caps”) of crack, approximately 200 grams of loose fentanyl, more than 1,600 dose bags of fentanyl/heroin, two stolen firearms, numerous rounds of ammunition, and more than $39,000 in cash.

    On September 10, 2024, Cruz pleaded guilty to carjacking resulting in serious bodily injury, and conspiracy to distribute and to possess with intent to distribute controlled substances.

    Cruz has been detained since his arrest.

    These investigations were led by the FBI’s Northern Connecticut Gang Task Force and Waterbury Safe Streets Gang Task Force, and the Waterbury Police Department.  The carjacking case is being prosecuted by Assistant U.S. Attorneys Nathan J. Guevremont and David T. Huang, and the narcotics trafficking case is being prosecuted by Assistant U.S. Attorneys Natasha M. Freismuth and Shan Patel through the Organized Crime Drug Enforcement Task Forces (OCDETF) Program.  Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    MIL Security OSI –

  • MIL-OSI Security: Hogan’s Alley Adds New Venues Reflecting Focus on Active Shooter Training

    Source: US FBI

    “We get multiple entities using the venues at the same time, and it creates opportunities to have more realistic training without stepping on each other,” said Fisher of the Tactical Training Unit.

    Still, a casual observer driving through Hogan’s Alley (not open to the public) might not notice anything unusual, even as training is underway. All the buildings are specially designed for training, with a warren of hidden passages and corridors for instructors, observers, and would-be criminals to navigate. Walls, which can be easily moved, are made of material that can withstand live-fire exercises with simulated bullets. Even the upholstery for the movie theater seats was designed to withstand repeated tactical assaults.

    “From the outside, you don’t realize the versatility that the space gives us,” said Assistant Director Maguire. “The addition of real-world-based tactical venues provides our agents yet another opportunity for learning the skills necessary to protect the community.”

    The term Hogan’s Alley dates back to a 19th century comic strip set in a crime-ridden New York tenement called Hogan’s Alley. In the 1950s, the FBI developed a Hogan’s Alley range that was essentially a 120-foot-long façade where targets would pop up and agents had to quickly determine whether to shoot or not. While less sophisticated than today’s techniques, the premise was largely the same: to put trainees in high-stress situations to prepare them for what may come.

    “The more realistic and lifelike we can make these training venues, the better prepared our students are when they encounter the real world,” Fisher said. “We have to introduce information-rich, lifelike environments very early. Everything builds on everything else. And in the environment that we’re working in and with the consequences of the job, we have to give people complexity pretty quick.”

    MIL Security OSI –

  • MIL-OSI Security: Disbarred Attorney Sentenced to 30 Months for Defrauding Victims in Ponzi-Like Wire Fraud Scheme

    Source: US FBI

    NEWARK, N.J. – A Somerset County, New Jersey, disbarred attorney was sentenced to 30 months in prison for a wire fraud scheme, U.S. Attorney Alina Habba announced.

    Lawrence Coven, 61, of Hillsborough, New Jersey, previously pleaded guilty before U.S. District Court Judge Robert Kirsch in Trenton federal court to an Information charging him with one count of wire fraud. Judge Kirsch imposed the sentence.

    According to documents filed in this case and statements made in court:

    Coven operated and controlled Sunrise Enterprises LLC, which purported to provide financial services to investors. In reality, Coven induced victim investors into sending him funds by falsely representing that he would invest their money through Sunrise in exchange for large profits by providing short-term loans to borrowers who could not obtain standard loans. He falsely guaranteed investors returns of between 10 to 15 percent on their investments and told investors that their investments were risk-free. But instead of investing the money as he promised, Coven diverted investor funds for personal expenses, including utilities, entertainment, real estate, credit card bills, and cash withdrawals. And when investors began asking questions, Coven provided them with false assurances that their money was safe and used money from existing investors to make payments to other investors in a Ponzi-like fashion.

    In addition to the prison term, Judge Kirsch sentenced Coven to three years of supervised release.

    U.S. Attorney Habba credited special agents of the FBI, under the direction of Acting Special Agent in Charge Terence G. Reilly in Newark, with the investigation leading to this sentence.

    The government is represented by Assistant U.S. Attorneys Fatime Meka Cano and Olta Bejleri of the Economic Crimes Unit in Newark.

                                                                           ###

    Defense counsel: Jeffrey Chiesa, Esq. 

    MIL Security OSI –