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Category: Entertainment

  • MIL-OSI USA: Governor Hochul Meets With Canadian Consul General

    Source: US State of New York

    Earlier today, Governor Kathy Hochul met with Canadian Consul General Tom Clark to discuss affordability and key issues related to the New York-Canada relationship.

    VIDEO of the Governor meeting with Canadian Consul General Tom Clark can be found on YouTube and in TV quality (h.264, mp4) format.

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

    PHOTOS: The Governor’s Flickr page will post photos of the event here.

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

    Governor Hochul:  These relationships are very important to us, and I welcome you once again for your annual visit. And you come here to talk about our shared interests, including making sure, as I’m focused on, affordability for New Yorkers.

    And relationships with Canada will affect that, depending on what happens out of Washington, so it’s critically important here to have that dialogue. We also know that the price of gas, the price of lumber, the price of every product that affects New Yorkers is going to be something that we can have to stay focused on and work through with you as well.

    [other speakers]

    Governor Hochul: The history is incredible. At one time this was the governor’s office, I’m a little envious that it got turned into the press room.

    But again, you mentioned something that’s so important. That is the trade relationship is critical. And the amount of trade, I don’t think people can appreciate how that impacts the cost of living in a place like New York. And certainly in Canada, but I have to be laser focused on what’s happening to New Yorkers.

    And there has been a sense of anxiety now, for a time period, about the cost of everything going up. The cost collectively for a family of four going up to anywhere from $1,300 to $3,000.

    I’m working hard to put money back in people’s pockets with my budget, and the last thing I want is to have the money taken out of their pocket with higher costs.

    MIL OSI USA News –

    February 5, 2025
  • MIL-OSI: Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends

    Source: GlobeNewswire (MIL-OSI)

    EFFINGHAM, Ill., Feb. 04, 2025 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on February 21, 2025 to all shareholders of record as of the close of business on February 14, 2025.

    The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on March 31, 2025 to stockholders of record as of March 17, 2025.

    About Midland States Bancorp, Inc.

    Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of December 31, 2024, the Company had total assets of approximately $7.53 billion, and its Wealth Management Group had assets under administration of approximately $4.15 billion. The Company provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.

    CONTACTS:
    Eric T. Lemke, Chief Financial Officer, at elemke@midlandsb.com or (217) 342-7321

    The MIL Network –

    February 5, 2025
  • MIL-OSI Economics: Verizon adds another epic deal for mobile and home customers with Google One AI Premium

    Source: Verizon

    Headline: Verizon adds another epic deal for mobile and home customers with Google One AI Premium

    [TL;DR]

    • Verizon bolsters its perk portfolio with the addition of Google One AI Premium at exclusive value for myPlan and myHome customers at an unbeatable deal
    • Get access to Gemini Advanced for everyday tasks, and 2 TB of sharable cloud storage for an exclusive monthly price of just $10/mo. (a savings of $9.99/mo.)1
    • Verizon continues to add new perks to myPlan and myHome, giving customers access to their favorite productivity and streaming services at a great value

    [Big News]

    Verizon continues to pack more value into myPlan and myHome with the addition of the first AI perk from a wireless provider — Google One AI Premium.

    Starting February 6, Verizon customers can choose Google One AI Premium as a perk on their myPlan (mobile) or myHome (internet) plan for just $10 a month — that’s half the price of the usual $19.99. This new perk unlocks access to Gemini Advanced, 2 TB of storage, and more benefits across Google — all in one incredible package, making everyday tasks easier.

    [Why it matters]

    Verizon isn’t just keeping up with the future — we’re building it. Being the first U.S. wireless provider to offer an AI-powered perk shows how serious we are about leading the way in innovation. And the value? Unmatched.

    For just $10 a month, you’re unlocking your pass to Google’s next-gen AI with Gemini Advanced, Gemini in Google apps like Gmail and Docs, plus priority access to Google’s newest AI solutions — from new features to experimental models. These tools can completely transform how you work, learn and create. Whether you’re a busy professional looking for ways to save time, a student tackling big projects, or someone who just likes to experiment, this perk gives you tools that take your productivity and creativity to the next level.

    With Google One AI Premium, Verizon is leading the charge in making advanced AI more accessible than ever.

    “As the first U.S. wireless provider to offer an AI-powered perk at an incredible value, we’re putting the future of AI directly into our customers’ hands, making everyday tasks easier via Google One AI Premium,” said Sowmyanarayan Sampath, CEO Verizon Consumer. “We’ll continue to bring our mobile and internet customers new deals and even more ways to personalize their plans based on how they live, work and play.”

    Here’s what you’re getting for only $10 a month:

    Get more done, faster with your personal tutor, analyst or coach. With Gemini Advanced, it’s like having a super-smart assistant by your side 24/7 to help you tackle tasks and spend more time on what’s most important. You can use Gemini in the Google apps you already know and love like Gmail, Docs, Meet, Slides and Sheets to write a draft, take meeting notes, create stunning presentations, visualize data and more.

    Streamline your daily tasks. Create and use custom AI experts (“Gems”), for any topic, turning Gemini into your personal brainstorming partner, study helper or planning assistant.

    Save hours on research. Analyze whole books and stacks of articles (up to 1,500 pages) or use Deep Research to browse hundreds of sites and create comprehensive reports in minutes to bring you up to speed on a topic.

    Get more space for what’s important. With 2 TB of cloud storage, you’ll have plenty of space to keep your files, photos, and videos safely backed up to the cloud. Forget about running out of room or losing track of important stuff.

    [The benefits of Verizon’s plans and perks]

    Verizon is committed to always enhancing myPlan and myHome, and the addition of Google One AI Premium is just the latest example of how we’re providing customers with more value and flexibility.

    Here’s what makes myPlan and myHome so unique:

    • Tailored to your lifestyle. With perks like Disney Bundle, Netflix & Max (with ads) or YouTube Premium, you can turn your plan into an entertainment hub. If you’re a parent, a sports fan or a music lover, there’s something for everyone.
    • Flexibility and choice. You can add or remove perks whenever you want. If your needs change — like planning a vacation or switching streaming platforms — you’re in control of what you’re paying for.
    • Bundle and save. Verizon lets you bundle for even more value. Get the best of Google with YouTube Premium and Google One AI Premium for $20 a month. That’s $13.98 in savings versus subscribing to both services separately.
    • Enhanced connectivity. Need more data for travel or work? The 100 GB Mobile Hotspot and (3) TravelPass Days perks make sure you stay connected, whether at home or abroad. It’s perfect for frequent travelers or people working on the go.

    [How to add Google One AI Premium to your plan]

    Already a Verizon customer? Just log into the My Verizon app or visit verizon.com on February 6 to add Google One AI Premium perk to your plan. Not a customer yet? Check out our free trial and find out why Verizon is awesome.


    1 Google One AI Premium perk requires line subscribed to myPlan or a Verizon Home Internet plan with myHome. Must be 18 yrs or older. Cancel anytime. One offer per eligible Verizon line or eligible Verizon Home Internet (“VHI”) plan. Add’l terms apply.

    MIL OSI Economics –

    February 5, 2025
  • MIL-OSI New Zealand: Events – Mark your calendars for the best night of the year when Australia’s most famous girls night out hits Auckland on March 1st

    Source: AO Communications

    Lise & Sarah’s DISCO CLUB will turn up the volume again in 2025 with its Australian and New Zealand tour, with  general release tickets on sale now.

    In 2025, 20,000 women* will have the chance to dance at the sell-out phenomenon that is Lise & Sarah’s DISCO  CLUB. And for the first time an international trip across the ditch to Auckland, NZ.

    Founded two years ago by best friends and podcasters, Lise Carlaw and Sarah Wills, DISCO CLUB continues to grow  and establish itself as the ultimate night out for women, delivering an electric night of dancing and singing with  friends.

    “DISCO CLUB is designed by women for women: everything we miss about clubbing and nothing we don’t,” said Lise.

    “While it all started with a simple conversation between us about how much we missed nights out dancing with our  girlfriends, we have seen first hand – over and again – the incredible collective joy shared on a judgement-free night of  much-needed fun,” said Sarah.

    “There’s an undeniable energy – the power of song and movement, of freedom, that comes with feeling safe,  comfortable and welcome – the scene is set to feel the emotion and revel in nostalgia.”

    “But it’s not just about the music – it’s about connection – connection between both friends and strangers and across  generations, and that’s why it’s booming,” said Lise. “Women continually tell us it’s dancefloor therapy.”

    Another essential element is the early start and finish time, with arrivals from 6pm for a 7pm start and 10pm finish. “We simply wanted a great night out and a chance to press pause on real life, but we also wanted to be in our PJs by  11pm, and it turns out we’re not alone!” said Sarah.

    Lise & Sarah’s DISCO CLUB Tour is Australia’s largest event series for women borne from a podcast (The Lise and  Sarah Show).

    MIL OSI New Zealand News –

    February 5, 2025
  • MIL-OSI: Mercury Systems Reports Second Quarter Fiscal 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    • Q2 FY25 Bookings of $242.4 million; book-to-bill ratio of 1.09
    • Record backlog of $1.4 billion; up 6% year-over-year
    • Q2 FY25 Revenue of $223.1 million; GAAP net loss of $17.6 million; and adjusted EBITDA of $22.0 million
    • Record Operating Cash Flow of $85.5 million with Free Cash Flow of $81.9 million

    ANDOVER, Mass., Feb. 04, 2025 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the second quarter of fiscal year 2025, ended December 27, 2024.

    “We delivered solid results in the second quarter of fiscal 2025 that were once again in line with or ahead of our expectations, and I’m optimistic about our ongoing efforts to improve performance as we move through the fiscal year,” said Bill Ballhaus, Mercury’s Chairman and CEO.

    “In the quarter we secured bookings of $242.4 million, for a trailing-twelve-month book-to-bill of 1.12; revenue of $223.1 million, up 13% year-over-year; adjusted EBITDA of $22.0 million and adjusted EBITDA margin of 9.9%, both up substantially year-over-year; and record free cash flow of $81.9 million, up $44.4 million year-over-year. These results reflect continued progress in each of our four priority areas, highlighted by solid execution across our broad portfolio of production and development programs, a record backlog of $1.4 billion, reduced operating expenses enabling increased positive operating leverage, and continued progress on free cash flow drivers, with net working capital down $114.9 million year-over-year.”

    Second Quarter Fiscal 2025 Results

    Total Company second quarter fiscal 2025 revenues were $223.1 million, compared to $197.5 million in the second quarter of fiscal 2024.

    Total bookings for the second quarter of fiscal 2025 were $242.4 million, yielding a book-to-bill ratio of 1.09 for the quarter.

    Total Company GAAP net loss and loss per share for the second quarter of fiscal 2025 were $17.6 million, and $0.30, respectively, compared to GAAP net loss and loss per share of $45.6 million, and $0.79, respectively, for the second quarter of fiscal 2024. Adjusted earnings (loss) per share (“adjusted EPS”) was $0.07 per share for the second quarter of fiscal 2025, compared to $(0.42) per share in the second quarter of fiscal 2024.

    Second quarter fiscal 2025 adjusted EBITDA for the total Company was $22.0 million, compared to $(21.3) million for the second quarter of fiscal 2024.

    Cash flows provided by operating activities in the second quarter of fiscal 2025 were $85.5 million, compared to $45.5 million in the second quarter of fiscal 2024. Free cash flow, defined as cash flows from operating activities less capital expenditures for property and equipment, was $81.9 million for the second quarter of fiscal 2025 and $37.5 million for the second quarter of fiscal 2024.

    Backlog

    Mercury’s total backlog at December 27, 2024 was $1.4 billion, an approximate $80.0 million increase from a year ago. Of the December 27, 2024 total backlog, $789.9 million represents orders expected to be recognized as revenue within the next 12 months.

    Conference Call Information

    Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on Tuesday, February 4, 2025, to discuss Mercury’s quarterly financial results, business highlights and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company’s view on earnings forecasts, and other business and financial matters affecting the Company, the responses to which may contain information that has not been previously disclosed.

    To attend the conference call or webcast, participants should register online at ir.mrcy.com/events-presentations. Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. A replay of the webcast will be available two hours after the call and archived on the same web page for six months.

    Use of Non-GAAP Financial Measures
    In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, the Company provides adjusted EBITDA, adjusted income, adjusted earnings per share (“adjusted EPS”) and free cash flow, which are non-GAAP financial measures. Adjusted EBITDA, adjusted income, and adjusted EPS exclude certain non-cash and other specified charges. The Company believes these non-GAAP financial measures are useful to help investors understand its past financial performance and prospects for the future. However, these non-GAAP measures should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP. Management believes these non-GAAP measures assist in providing a more complete understanding of the Company’s underlying operational results and trends, and management uses these measures along with the corresponding GAAP financial measures to manage the Company’s business, to evaluate its performance compared to prior periods and the marketplace, and to establish operational goals. A reconciliation of GAAP to non-GAAP financial results discussed in this press release is contained in the attached exhibits.

    Mercury Systems – Innovation that Matters®
    Mercury Systems is a technology company that delivers mission-critical processing power to the edge, making advanced technologies profoundly more accessible for today’s most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has 23 locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)

    Investors and others should note that we announce material financial information using our website (www.mrcy.com), SEC filings, press releases, public conference calls, webcasts, and social media, including X (X.com/mrcy) and LinkedIn (www.linkedin.com/company/mercury-systems). Therefore, we encourage investors and others interested in Mercury to review the information we post on the social media and other communication channels listed on our website.

    Forward-Looking Safe Harbor Statement

    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the Company’s focus on enhanced execution of the Company’s strategic plan under a refreshed Board and leadership team. You can identify these statements by the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of any U.S. federal government shutdown or extended continuing resolution, effects of geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. government’s interpretation of, federal export control or procurement rules and regulations, including tariffs, changes in, or in the interpretation or enforcement of, environmental rules and regulations, market acceptance of the Company’s products, shortages in or delays in receiving components, supply chain delays or volatility for critical components, production delays or unanticipated expenses including due to quality issues or manufacturing execution issues, adherence to required manufacturing standards, capacity underutilization, increases in scrap or inventory write-offs, failure to achieve or maintain manufacturing quality certifications, such as AS9100, the impact of supply chain disruption, inflation and labor shortages, among other things, on program execution and the resulting effect on customer satisfaction, inability to fully realize the expected benefits from acquisitions, restructurings, and operational efficiency initiatives or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements and impacts from any cyber or insider threat events, changes in tax rates or tax regulations, such as the deductibility of internal research and development, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, litigation, including the dispute arising with the former CEO over his resignation, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 28, 2024 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

    Contact:
    Tyler Hojo, CFA, Vice President of Investor Relations
    Mercury Systems, Inc.
    978-967-3676

    Mercury Systems and Innovation That Matters are registered trademarks of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.

    MERCURY SYSTEMS, INC.  
    UNAUDITED CONSOLIDATED BALANCE SHEETS  
    (In thousands)      
      December 27,   June 28,
        2024       2024  
           
    Assets      
    Current assets:      
    Cash and cash equivalents $ 242,565     $ 180,521  
    Accounts receivable, net   104,491       111,441  
    Unbilled receivables and costs in excess of billings, net   278,657       304,029  
    Inventory   344,415       335,300  
    Prepaid expenses and other current assets   20,556       22,493  
    Total current assets   990,684       953,784  
           
    Property and equipment, net   111,459       110,353  
    Goodwill   938,093       938,093  
    Intangible assets, net   226,142       250,512  
    Operating lease right-of-use assets, net   56,525       60,860  
    Deferred tax asset   71,712       58,612  
    Other non-current assets   6,840       6,691  
    Total assets $ 2,401,455     $ 2,378,905  
           
    Liabilities and Shareholders’ Equity      
    Current liabilities:      
    Accounts payable $ 64,778     $ 81,068  
    Accrued expenses   40,471       42,926  
    Accrued compensation   32,015       36,398  
    Income taxes payable   306       109  
    Deferred revenues and customer advances   135,963       73,915  
    Total current liabilities   273,533       234,416  
           
    Income taxes payable   7,713       7,713  
    Long-term debt   591,500       591,500  
    Operating lease liabilities   57,805       62,584  
    Other non-current liabilities   10,628       9,917  
    Total liabilities   941,179       906,130  
           
    Shareholders’ equity:      
    Preferred stock   —       —  
    Common stock   587       581  
    Additional paid-in capital   1,266,926       1,242,402  
    Retained earnings   184,695       219,799  
    Accumulated other comprehensive income   8,068       9,993  
    Total shareholders’ equity   1,460,276       1,472,775  
    Total liabilities and shareholders’ equity $ 2,401,455     $ 2,378,905  
    MERCURY SYSTEMS, INC.
    UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS        
    (In thousands, except per share data)
      Second Quarters Ended   Six Months Ended
      December 27, 2024   December 29, 2023   December 27, 2024   December 29, 2023
    Net revenues $ 223,125     $ 197,463     $ 427,556     $ 378,454  
    Cost of revenues(1)   162,299       165,943       314,940       296,407  
    Gross margin   60,826       31,520       112,616       82,047  
                   
    Operating expenses:              
    Selling, general and administrative(1)   40,501       44,470       73,654       80,264  
    Research and development(1)   21,368       28,476       39,751       60,348  
    Amortization of intangible assets   11,154       12,270       22,389       24,817  
    Restructuring and other charges   40       2       2,300       9,548  
    Acquisition costs and other related expenses   178       231       355       1,200  
    Total operating expenses   73,241       85,449       138,449       176,177  
                   
    Loss from operations   (12,415 )     (53,929 )     (25,833 )     (94,130 )
                   
    Interest income   406       29       950       132  
    Interest expense   (8,430 )     (8,674 )     (17,336 )     (16,537 )
    Other expense, net   (3,865 )     (1,148 )     (5,204 )     (2,922 )
                   
    Loss before income tax benefit   (24,304 )     (63,722 )     (47,423 )     (113,457 )
    Income tax benefit   (6,725 )     (18,141 )     (12,319 )     (31,168 )
    Net loss $ (17,579 )   $ (45,581 )   $ (35,104 )   $ (82,289 )
                   
    Basic net loss per share $ (0.30 )   $ (0.79 )   $ (0.60 )   $ (1.44 )
                   
    Diluted net loss per share $ (0.30 )   $ (0.79 )   $ (0.60 )   $ (1.44 )
                   
    Weighted-average shares outstanding:              
    Basic   58,561       57,424       58,454       57,314  
    Diluted   58,561       57,424       58,454       57,314  
                   
    (1) Includes stock-based compensation expense, allocated as follows:
    Cost of revenues $ (167 )   $ 4     $ (54 )   $ 820  
    Selling, general and administrative $ 6,317     $ 5,742     $ 10,928     $ 7,503  
    Research and development $ 1,812     $ 1,640     $ 3,180     $ 3,180  
    MERCURY SYSTEMS, INC.
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
      Second Quarters Ended   Six Months Ended
      December 27, 2024   December 29, 2023   December 27, 2024   December 29, 2023
    Cash flows from operating activities:              
    Net loss $ (17,579 )   $ (45,581 )   $ (35,104 )   $ (82,289 )
    Depreciation and amortization   20,922       22,193       42,142       44,885  
    Other non-cash items, net   5,083       1,640       10,685       (2,011 )
    Cash settlement for termination of interest rate swap   —       —       —       7,403  
    Changes in operating assets and liabilities   77,036       67,242       53,079       38,438  
                   
    Net cash provided by operating activities   85,462       45,494       70,802       6,426  
                   
    Cash flows from investing activities:              
    Purchases of property and equipment $ (3,555 )   $ (7,990 )   $ (9,791 )   $ (16,005 )
    Other investing activities   1,900       —       1,900       —  
                   
    Net cash used in investing activities   (1,655 )     (7,990 )     (7,891 )     (16,005 )
                   
    Cash flows from financing activities:              
    Proceeds from employee stock plans   1,492       3,163       1,492       3,163  
    Borrowings under credit facilities   —       40,000       —       105,000  
    Payments of deferred financing and offering costs   —       (1,931 )     (2,249 )     (1,931 )
    Payments for retirement of common stock   —       (15 )     —       (15 )
                   
    Net cash provided by (used in) financing activities   1,492       41,217       (757 )     106,217  
                   
    Effect of exchange rate changes on cash and cash equivalents   (857 )     556       (110 )     445  
                   
    Net increase in cash and cash equivalents   84,442       79,277       62,044       97,083  
                   
    Cash and cash equivalents at beginning of period   158,123       89,369       180,521       71,563  
                   
    Cash and cash equivalents at end of period $ 242,565     $ 168,646     $ 242,565     $ 168,646  
    UNAUDITED SUPPLEMENTAL INFORMATION RECONCILIATION OF GAAP TO NON-GAAP MEASURES
    (In thousands)            
                 

    Adjusted EBITDA, a non-GAAP measure for reporting financial performance, excludes the impact of certain items and, therefore, has not been calculated in accordance with GAAP. Management believes that exclusion of these items assists in providing a more complete understanding of the Company’s underlying results and trends, and management uses these measures along with the corresponding GAAP financial measures to manage the Company’s business, to evaluate its performance compared to prior periods and the marketplace, and to establish operational goals. The adjustments to calculate this non-GAAP financial measure, and the basis for such adjustments, are outlined below:

    Other non-operating adjustments. The Company records other non-operating adjustments such as gains or losses on foreign currency remeasurement, investments and fixed asset sales or disposals among other adjustments. These adjustments may vary from period to period without any direct correlation to underlying operating performance.

    Interest income and expense. The Company receives interest income on investments and incurs interest expense on loans, financing leases and other financing arrangements. These amounts may vary from period to period due to changes in cash and debt balances and interest rates driven by general market conditions or other circumstances which may be outside of the normal course of the Company’s operations.

    Income taxes. The Company’s GAAP tax expense can fluctuate materially from period to period due to tax adjustments that are not directly related to underlying operating performance or to the current period of operations.

    Depreciation. The Company incurs depreciation expense related to capital assets purchased to support the ongoing operations of the business. These assets are recorded at cost or fair value and are depreciated using the straight-line method over the useful life of the asset. Purchases of such assets may vary significantly from period to period and without any direct correlation to underlying operating performance.

    Amortization of intangible assets. The Company incurs amortization of intangible assets primarily as a result of acquired intangible assets such as backlog, customer relationships and completed technologies but also due to licenses, patents and other arrangements. These intangible assets are valued at the time of acquisition or upon receipt of right to use the asset, amortized over the requisite life and generally cannot be changed or influenced by management after acquisition.

    Restructuring and other charges. The Company incurs restructuring and other charges in connection with management’s decisions to undertake certain actions to realign operating expenses through workforce reductions and the closure of certain Company facilities, businesses and product lines. The Company’s adjustments reflected in restructuring and other charges are typically related to acquisitions and organizational redesign programs initiated as part of discrete post-acquisition integration activities. Management believes these items are non-routine and may not be indicative of ongoing operating results.

    Impairment of long-lived assets. The Company incurs impairment charges of long-lived assets based on events that may or may not be within the control of management. Management believes these items are outside the normal operations of the Company’s business and are not indicative of ongoing operating results.

    Acquisition, financing and other third party costs. The Company incurs transaction costs related to acquisition and potential acquisition opportunities, such as legal, accounting, and other third party advisory fees. The Company may also incur third party costs, such as legal, banking, communications, proxy solicitation, and other third party advisory fees in connection with engagements by activist investors or unsolicited acquisition offers. Although the Company may incur such third party costs and other related charges and adjustments, it is not indicative that any transaction will be consummated. Additionally, the Company incurs unused revolver and bank fees associated with maintaining its credit facility as well as non-cash financing expenses associated with obtaining its credit facility. Management believes these items are outside the normal operations of the Company’s business and are not indicative of ongoing operating results.

    Fair value adjustments from purchase accounting. As a result of applying purchase accounting rules to acquired assets and liabilities, certain fair value adjustments are recorded in the opening balance sheet of acquired companies. These adjustments are then reflected in the Company’s income statements in periods subsequent to the acquisition. In addition, the impact of any changes to originally recorded contingent consideration amounts are reflected in the income statements in the period of the change. Management believes these items are outside the normal operations of the Company and are not indicative of ongoing operating results.

    Litigation and settlement income and expense. The Company periodically receives income and incurs expenses related to pending claims and litigation and associated legal fees and potential case settlements and/or judgments. Although the Company may incur such costs and other related charges and adjustments, it is not indicative of any particular outcome until the matter is fully resolved. Management believes these items are outside the normal operations of the Company’s business, often occur in periods other than the period of activity, and are not indicative of ongoing operating results. The Company periodically receives warranty claims from customers and makes warranty claims towards its vendors and supply chain. Management believes the expenses and gains associated with these recurring warranty items are within the normal operations and operating cycle of the Company’s business. Therefore, management deems no adjustments are necessary unless under extraordinary circumstances.

    Stock-based and other non-cash compensation expense. The Company incurs expense related to stock-based compensation included in its GAAP presentation of cost of revenues, selling, general and administrative expense and research and development expense. The Company also incurs non-cash based compensation in the form of pension related expenses and matching contributions to its defined contribution plan. Although stock-based and other non-cash compensation is an expense of the Company and viewed as a form of compensation, these expenses vary in amount from period to period, and are affected by market forces that are difficult to predict and are not within the control of management, such as the market price and volatility of the Company’s shares, risk-free interest rates and the expected term and forfeiture rates of the awards, as well as pension actuarial assumptions. Management believes that exclusion of these expenses allows comparisons of operating results to those of other companies, both public, private or foreign, that disclose non-GAAP financial measures that exclude stock-based compensation and other non-cash compensation.

    Mercury uses adjusted EBITDA as an important indicator of the operating performance of its business. Management excludes the above-described items from its internal forecasts and models when establishing internal operating budgets, supplementing the financial results and forecasts reported to the Company’s board of directors, determining a portion of bonus compensation for executive officers and other key employees based on operating performance, evaluating short-term and long-term operating trends in the Company’s operations, and allocating resources to various initiatives and operational requirements. The Company believes that adjusted EBITDA permits a comparative assessment of its operating performance, relative to its performance based on its GAAP results, while isolating the effects of charges that may vary from period to period without direct correlation to underlying operating performance. The Company believes that these non-GAAP financial adjustments are useful to investors because they allow investors to evaluate the effectiveness of the methodology and information used by management in its financial and operational decision-making. The Company believes that trends in its adjusted EBITDA are valuable indicators of its operating performance.

    Adjusted EBITDA is a non-GAAP financial measure and should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP. This non-GAAP financial measure may not be computed in the same manner as similarly titled measures used by other companies. The Company expects to continue to incur expenses similar to the adjusted EBITDA financial adjustments described above, and investors should not infer from the Company’s presentation of this non-GAAP financial measure that these costs are unusual, infrequent or non-recurring.

    The following table reconciles the most directly comparable GAAP financial measure to the non-GAAP financial measure.

      Second Quarters Ended   Six Months Ended
      December 27, 2024   December 29, 2023   December 27, 2024   December 29, 2023
    Net loss $ (17,579 )   $ (45,581 )   $ (35,104 )   $ (82,289 )
    Other non-operating adjustments, net   2,549       (1,042 )     814       (311 )
    Interest expense, net   8,024       8,645       16,386       16,405  
    Income tax benefit   (6,725 )     (18,141 )     (12,319 )     (31,168 )
    Depreciation   9,768       9,923       19,753       20,068  
    Amortization of intangible assets   11,154       12,270       22,389       24,817  
    Restructuring and other charges   40       2       2,300       9,548  
    Impairment of long-lived assets   —       —       —       —  
    Acquisition, financing and other third party costs   1,109       860       3,440       2,192  
    Fair value adjustments from purchase accounting   178       178       355       355  
    Litigation and settlement expense, net   2,087       1,383       3,481       1,886  
    Stock-based and other non-cash compensation expense   11,424       10,195       21,984       19,146  
    Adjusted EBITDA $ 22,029     $ (21,308 )   $ 43,479     $ (19,351 )
     

    Free cash flow, a non-GAAP measure for reporting cash flow, is defined as cash provided by operating activities less capital expenditures for property and equipment, which includes capitalized software development costs, and, therefore, has not been calculated in accordance with GAAP. Management believes free cash flow provides investors with an important perspective on cash available for investment and acquisitions after making capital investments required to support ongoing business operations and long-term value creation. The Company believes that trends in its free cash flow are valuable indicators of its operating performance and liquidity.

    Free cash flow is a non-GAAP financial measure and should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP. This non-GAAP financial measure may not be computed in the same manner as similarly titled measures used by other companies. The Company expects to continue to incur expenditures similar to the free cash flow financial adjustment described above, and investors should not infer from the Company’s presentation of this non-GAAP financial measure that these expenditures reflect all of the Company’s obligations which require cash.

    The following table reconciles the most directly comparable GAAP financial measure to the non-GAAP financial measure.

      Second Quarters Ended   Six Months Ended
      December 27, 2024   December 29, 2023   December 27, 2024   December 29, 2023
    Net cash provided by operating activities $ 85,462     $ 45,494     $ 70,802     $ 6,426  
    Purchases of property and equipment   (3,555 )     (7,990 )     (9,791 )     (16,005 )
    Free cash flow $ 81,907     $ 37,504     $ 61,011     $ (9,579 )
    UNAUDITED SUPPLEMENTAL INFORMATION RECONCILIATION OF GAAP TO NON-GAAP MEASURES
    (In thousands, except per share data)
     

    Adjusted income and adjusted earnings per share (“adjusted EPS”) are non-GAAP measures for reporting financial performance, exclude the impact of certain items and, therefore, have not been calculated in accordance with GAAP. Management believes that exclusion of these items assists in providing a more complete understanding of the Company’s underlying results and trends and allows for comparability with its peer company index and industry. These non-GAAP financial measures may not be computed in the same manner as similarly titled measures used by other companies. The Company uses these measures along with the corresponding GAAP financial measures to manage the Company’s business and to evaluate its performance compared to prior periods and the marketplace. The Company defines adjusted income as income before other non-operating adjustments, amortization of intangible assets, restructuring and other charges, impairment of long-lived assets, acquisition, financing and other third party costs, fair value adjustments from purchase accounting, litigation and settlement income and expense, and stock-based and other non-cash compensation expense. The impact to income taxes includes the impact to the effective tax rate, current tax provision and deferred tax provision(1). Adjusted EPS expresses adjusted income on a per share basis using weighted average diluted shares outstanding.

    The following tables reconcile the most directly comparable GAAP financial measures to the non-GAAP financial measures.

      Second Quarters Ended
      December 27, 2024   December 29, 2023
    Net loss and loss per share $ (17,579 )   $ (0.30 )   $ (45,581 )   $ (0.79 )
    Other non-operating adjustments, net   2,549           (1,042 )    
    Amortization of intangible assets   11,154           12,270      
    Restructuring and other charges   40           2      
    Impairment of long-lived assets   —           —      
    Acquisition, financing and other third party costs   1,109           860      
    Fair value adjustments from purchase accounting   178           178      
    Litigation and settlement expense, net   2,087           1,383      
    Stock-based and other non-cash compensation expense   11,424           10,195      
    Impact to income taxes(1)   (7,022 )         (2,446 )    
    Adjusted income (loss) and adjusted earnings (loss) per share(2) $ 3,940     $ 0.07     $ (24,181 )   $ (0.42 )
                   
    Diluted weighted-average shares outstanding       58,843           57,424  
                   
    (1) Impact to income taxes is calculated by recasting income before income taxes to include the items involved in determining adjusted income and recalculating the income tax provision using this adjusted income from operations before income taxes. The recalculation also adjusts for any discrete tax expense or benefit related to the items.
    (2) Adjusted earnings per share is calculated using diluted shares whereas Net loss per share or Adjusted loss per share is calculated using basic shares. There were no impact to the calculation of adjusted earnings per share as a result of this for the second quarters ended December 27, 2024 and December 29, 2023.
      Six Months Ended
      December 27, 2024   December 29, 2023
    Net loss and loss per share $ (35,104 )   $ (0.60 )   $ (82,289 )   $ (1.44 )
    Other non-operating adjustments, net   814           (311 )    
    Amortization of intangible assets   22,389           24,817      
    Restructuring and other charges   2,300           9,548      
    Impairment of long-lived assets   —           —      
    Acquisition, financing and other third party costs   3,440           2,192      
    Fair value adjustments from purchase accounting   355           355      
    Litigation and settlement expense, net   3,481           1,886      
    COVID related expenses   —           —      
    Stock-based and other non-cash compensation expense   21,984           19,146      
    Impact to income taxes(1)   (13,275 )         (13,204 )    
    Adjusted income (loss) and adjusted earnings (loss) per share(2) $ 6,384     $ 0.11     $ (37,860 )   $ (0.66 )
                   
    Diluted weighted-average shares outstanding       58,752           57,314  
                   
    (1) Impact to income taxes is calculated by recasting income before income taxes to include the items involved in determining adjusted income and recalculating the income tax provision using this adjusted income from operations before income taxes. The recalculation also adjusts for any discrete tax expense or benefit related to the items.
    (2) Adjusted earnings per share is calculated using diluted shares whereas Net loss per share is calculated using basic shares. There were no impact to the calculation of adjusted earnings per share as a result of this for the six months ended December 27, 2024 and December 29, 2023.

    The MIL Network –

    February 5, 2025
  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Commend the Democratic Republic of the Congo on Steps Taken to Provide Healthcare to Victims of Conflict-Related Sexual Violence, Ask about Reparations for Victims and the Protect

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today concluded its consideration of the report of the Democratic Republic of the Congo on sexual violence in armed conflict in the eastern part of the country, presented under its exceptional reporting procedure. 

    Committee Experts commended the State for the healthcare delivered to victims of conflict-related sexual violence, while asking about reparations for victims and how women seeking firewood and other resources in nature reserves could be protected

    A Committee Expert congratulated the State party for steps taken in the areas of healthcare. The Committee hailed the adoption of decree 23/9, which provided for the creation of multisectoral care for survivors of sexual-related violence.  The establishment of mobile clinics in internally displaced persons camps should be commended, as well as the distribution of post-rape kits by midwives. 

    Another Expert said the State party should be commended for enacting the fund for conflict-related sexual violence.  How did it operate and how many victims had benefitted from it?  What steps were being undertaken to ensure adequate resources to implement a victim-centred transitional justice mechanism? 

    A Committee Expert said as Goma was under siege, the most pressing issue was water.  How would the State install water distribution centres while ensuring the protection of women collecting the water?  Many women trekked from Goma in search of firewood, but instead were found by gunmen and faced rape.  Were there park rangers trained in violence prevention who were gender-sensitive and conscious of the epidemic of violence?  The proliferation of small arms and light weapons often claimed the lives of women and girls foraging for food and firewood; how was their illegal trading being addressed? 

     

    The delegation said victims were active participants in the reparation process.  A law implemented in 2022, which provided protection and reparation to victims of sexual violence, mandated a three per cent fixed amount to be sent to organizations for female victims to provide reparations.  Work was done with women at the local level to ensure their full participation.  More than 220,000 victims had been identified, including displaced persons. 

       

    Regarding the situation in the nature reserves in the east of the country, the delegation said this had become a ground for armed groups operating in the area.  Programmes were in place to address practical needs, including safe drinking water for persons in internally displaced persons camps, to ensure there was no need to forage further afield.  Steps had been taken to strengthen protection in the park areas, with regular security patrolling the areas, and keeping note of where women were located.  Awareness raising campaigns were being conducted to highlight the risks women faced when collecting firewood alone.  Women were provided with micro-credits to generate alternative income streams, allowing them to pay for resources such as firewood and water, rather than searching for them themselves. 

    Introducing the report, Chantal Chambu Mwavita, Minister for Human Rights of the Democratic Republic of the Congo and head of the delegation, called for a minute of silence to be observed for the victims of the conflict.  The special report being presented today on sexual violence in armed conflict in the eastern part of the country had been drafted at the request of the Committee.  The Congolese Government was committed to the prevention and suppression of sexual violence in times of conflict.

    Since the submission of the report, at least 945 police staff members had been deployed in areas where the United Nations Organization Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO) had withdrawn to protect the civilian population.  The Government had adopted a national action plan, which included measures aimed at preventing violence against women in armed conflict.  The Minister said the Committee should support the creation of an international criminal tribunal for the Democratic Republic of the Congo to prosecute those responsible for sexual violence. 

    In closing remarks, Ms. Chambu Mwavita said it was an honour to be with the Committee to speak about the situation in the country.  The Democratic Republic of the Congo needed support.  The country had faced the aggression of its neighbour Rwanda for more than 30 years.  The dialogue today presented an opportunity to ask for unity and for efforts to respect the United Nations Charter.

    In her closing remarks, Nahla Haidar, Committee Chair, thanked the delegation for the constructive dialogue despite the difficult situation being faced in the country. The Committee expressed its solidarity with the Democratic Republic of the Congo and commended the State party for the efforts it had already taken. 

    The delegation of the Democratic Republic of the Congo was comprised of representatives from the Ministry of Human Rights; the Ministry of Foreign Affairs; the Ministry of Gender; the National Assembly; the Coordination Body on Youth, Gender and Violence against Women and Trafficking in Persons; the High Military Court; the Superior Council of the Judiciary; the Secretary General for Human Rights; the Commission for Inter-Institutional Victim Assistance and Reform Support Organization; the Assistant to the Chief of Staff of the Head of State and Focal Point for Sexual Violence; Gender and Sexual Violence in Conflict Zones Specialist; the National Assembly; the Directorate of Access to Justice; the Congolese National Police; the Head of State Security; and the Permanent Mission of the Democratic Republic of the Congo to the United Nations Office at Geneva. 

    The Committee on the Elimination of Discrimination against Women’s ninetieth session is being held from 3 to 21 February.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet at 10 a.m. on Wednesday, 5 February, to begin its consideration of the seventh periodic report of Nepal (CEDAW/C/NPL/7).

    Report

    The Committee has before it the report of the Democratic Republic of the Congo presented under the Committee’s exceptional reporting procedure (CEDAW/C/COD/EP/1).

    Presentation of Report

    CHANTAL CHAMBU MWAVITA, Minister for Human Rights of the Democratic Republic of the Congo and head of the delegation, called for a minute of silence to be observed for the victims of the conflict.  The delegation was presenting the report at a particular moment in time when the territory of North Kivu and South Kivu and Ituri was being torn apart by acts of violence, targeting the civilian population and civilian infrastructure, perpetrated by the Rwandan army and the M23 armed group.  Rwanda was a party to the Convention and was directly responsible for these crimes. 

    Various reports from the United Nations and witness statements from survivors of sexual conflict showed that thousands of women and girls had been victims of rape, mutilation and other types of inhumane violence.  These atrocities not only affected displaced persons, but were also taking place at homes, schools and in prisons.  Now Goma and its surroundings had been taken by the M23 army and other parts of Kivu were being besieged.  If the international community did not take urgent measures, there could be the spread of a cycle of violence against women and girls. 

    The special report being presented today on sexual violence in armed conflict in the eastern part of the country had been drafted at the request of the Committee.  The Congolese Government was committed to the prevention and suppression of sexual violence in times of conflict.  Since the submission of the report, at least 945 police staff members had been deployed in areas where the United Nations Organization Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO) had withdrawn to protect the civilian population.  They had been trained to protect people against sexual violence. 

    The Government had adopted a national action plan, which included measures aimed at preventing violence against women in armed conflict.  In 2024, over 1,030 cases were reported and prosecuted by police in South Kivu.  Rulings had been handed down, including under military jurisdiction, where reparations were provided for victims.  The Ministry of Human Rights had pledged to conclude military amendments for transitional justice in the country. 

    The Government was making combatting violence against women the number one priority.  National funds had been developed, providing reparation and health care to the survivors.  Mobile clinics had established health care near areas controlled by the Rwandan army and the M23.  The efforts to protect victims from sexual violence were being undermined by the increased attacks by the Rwandan army and M23, as they had stepped up their military efforts and attacks against civilians.  Two weeks ago, a Rwandan military offensive backed by M23 had resulted in the escape of over 3,000 prisoners from Goma’s central prison, the proliferation of light arms, infrastructure damage, rapes of 163 women held in the prison who were set alight while alive, pillaging of legal buildings, attacks on women defending women victims of violence, and the bombing of the maternal hospital in Goma which led to the deaths of pregnant women and women who had just given birth.

    The Minister said it was essential for the Committee to provide support without delay to women survivors of sexual violence who were in areas occupied by the Rwandan army and the M23.  The Committee should strongly condemn the occupation of Congolese territory by the Rwandan army and the M23, and actively advocate for sanctions against them.  The Committee should support the creation of an international criminal tribunal for the Democratic Republic of the Congo to prosecute those responsible for sexual violence.  The delegation was here to support the United Nations Charter and put an end to the war in the country. 

    NAHLA HAIDAR, Committee Chair, said the Committee stood with the delegation and the people of the Democratic of the Congo during this difficult time. 

     

    GISÈLE KAPINGA NTUMBA, National Human Rights Commissioner and head of the delegation of the National Human Rights Commission of the Democratic Republic of the Congo, saluted the delegation, which had spared no effort to take part in the session, despite the situation in the country.  The Commission welcomed the decisions taken by the Congolese Government to protect the civilian population from the risks of sexual violence and other related human rights violations committed by the parties to the ongoing conflict in the east of the country.  However, it remained concerned about the implementation of the decisions taken and their deterrent nature, particularly with regard to armed groups and the Rwandan army, which were not concerned by these decisions. 

    One of the major challenges for the Government was the security of and humanitarian assistance for the civilian population, both in areas besieged by armed groups and in camps for displaced persons.  The recent invasion and unprecedented assault on the city of Goma by the M23 rebels and the Rwandan army demonstrated the magnitude of the challenge and had led to systematic and widespread violations of human rights and international humanitarian law, with women and children as primary targets.

    At least 700 people had died in Goma since the invasion, and about 500,000 people had been displaced, the majority of whom were women and children.  Sexual violence had reached its peak and health care facilities were overwhelmed.  The city had not been under the control of the Congolese Government, in violation of the principle of Congolese State sovereignty, since the invasion.

    Taking into account the current context, the Commission recommended that the Congolese State use all its powers to restore peace in the east by favouring diplomatic channels and the peaceful settlement of the conflict.  At the International Criminal Court, it was recommended that criminal proceedings be initiated against the leaders of the M23 and the Rwandan army for the various acts constituting war crimes and crimes against humanity perpetrated in Goma and its surroundings.  Finally, at the United Nations Security Council, the Commission recommended that targeted sanctions be taken against Rwanda and that everything be done to bring peace to the eastern Democratic Republic of the Congo.

    Questions by Committee Experts

    BRENDA AKIA, Committee Expert and Country Rapporteur for the Democratic Republic of the Congo, said the Committee members extended their heartfelt condolences to the Democratic Republic the Congo, and condemned the violence being experienced by women and girls in the country.  Ms. Akia commended the Government for the commitment to being part of the dialogue, the progress made in human rights, and the measures taken to tackle sexual violence.  Could the State party provide specific information on the different forms of conflict-related sexual violence currently being committed against women and girls?   

    An urgent political response was needed to ensure peace and security in the eastern Democratic Republic of the Congo.  Given the complexity of the conflict, fuelled by the exploitation of minerals and the existence of armed groups, what strategies was the State party undertaking to push for peace in the country, and ensure the protection of women and girls under international humanitarian law?  What was being done to end the illicit exploitation of these minerals? The Committee commended the State party for the actions taken so far; what were the challenges faced in implementing these legal and policy frameworks?  What resources would the State party require to implement these frameworks?

    A Committee Expert said the Democratic Republic of the Congo was resource-rich, which was often a curse, having fuelled the conflict and sexual violence.  Several pieces of legislation had been passed with the aim of regulating the trade of minerals and armed conflict in the area.  How were extraterritorial actors, including businesses, being held accountable so they did not avoid impunity? 

    Responses by the Delegation

    The delegation said the illicit mining was one of the main causes of the crisis in the eastern part of the country.  The Government had enacted several measures to turn this situation around, but the major challenge was that the mines were under the control of armed groups as well as foreign States that were involving themselves in the conflict.  The Government was taking steps to ensure the certification of certain mining operations, but it was difficult to ensure this was a widespread approach.  The Government was hindered by the conflict and its economic pressure and the difficulty of imposing Government initiatives in areas controlled by rebel groups and foreign States, due to the lack of administrative control.

    The financial issues were a challenge, including for implementing transitional justice mechanisms, which was why an appeal had been made to States for support in this regard. Impunity needed to be tackled head on; the perpetrators of these crimes could not go unpunished.  Steps needed to be taken to bear pressure on other States involved in the conflict, including by sheltering perpetrators.  The Democratic Republic of the Congo was calling for an international criminal tribunal to ensure all involved, regardless of their location, could be apprehended.  When rapes had occurred in Goma, any measures taken by the Government to deal with this were difficult to enact, as other parties were now in charge of Goma. 

    In the conflict areas, women were principally being used by armed groups and other combatants to serve as sexual slaves.  This could result in forced pregnancies and exposure to sexually transmitted diseases. Women being held by these armed groups also did not have access to relevant and necessary health care.  A coordination unit had tracked 10 forms of sexual violence, including rape, human trafficking, sexual mutilation, public sexual violence and humiliation, including women whose sons had been forced to rape them in public, public sexual violence against men and boys, gang rape, transmission of HIV/AIDS as a result of rape, and stigmatisation as a result of the sexual violence, among others. 

    There was also a form of sexual violence deliberately targeting children, particularly young girls. The State had also seen sexual violence used as a weapon of war, which had been ongoing since 2011, when the country was first described as “the world rape capital”. 

    To ensure a better management of its natural resources, the Democratic Republic of the Congo participated in multiple inter-State cooperation efforts to ensure the tracing of natural resources, including those exploited via mining. One included the Kimberly Process for the tracing of diamonds.  The difficulty lay in the application of these pieces of legislation, as the majority of the areas where these resources were found were occupied by Rwanda in the eastern part of the country.  For this reason, it was difficult for the State to exercise its full sovereignty and ensure the traceability of resources.

    Questions by Committee Experts

    A Committee Expert thanked the members of the delegation for their presence, despite the dire situation.  Many women in the Democratic Republic of the Congo faced marginalisation from the peace and security processes.  The weak rule of law, and the impunity for perpetrators of violence and gender-based violence, continued to undermine women’s involvement in the peace and security agenda.  The Expert was happy to note that the third national action plan on women, peace and security had been adopted in 2024; when did it come into effect?  How were women’s organizations and victims engaged in its implementation?  What were the key objectives of the plan?  What concrete plans existed to address the situation of impunity?  What concrete measures were being undertaken to ensure the effective participation of women’s organizations and victims of sexual violence in policies and frameworks relating to women, peace and security? 

    The State party should be commended for enacting the fund for conflict-related sexual violence. How did it operate and how many victims had benefitted from it?  What steps were being undertaken to ensure adequate resources to implement a victim-centred transitional justice mechanism?  Given the withdrawal of the United Nations Organization Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO), how would the Government’s transition plan fill this void?  Was there any data on women’s direct participation in negotiation processes for peacebuilding? 

    Responses by the Delegation

    The delegation said victims were active participants in the reparation process.  A law implemented in 2022, which provided protection and reparation to victims of sexual violence, mandated a three per cent fixed amount to be sent to organizations for female victims to provide reparations.  Work was done with women at the local level to ensure their full participation.  More than 220,000 victims had been identified, including displaced persons.  The situation of displaced persons had been catastrophic and required immediate assistance, with emergency measures implemented for this group, including holistic care, medical psychosocial care, and legal assistance and support; 49 per cent of people recorded came from North Kivu.  The situation was constantly changing which made it difficult to respond to. Rigorous monitoring and management efforts were taken to ensure victims were at the heart of responses, with the majority of resources gathered being dispersed as reparations.  Regular consultations were held with victims groups every three months. 

    The third national action plan on women, peace and security was approved in 2024 and included activities to improve the level of women’s participation.  For the first time in the country, there was a female Prime Minister and 32 per cent of those occupying high-level positions in the Government were women.  Awareness-raising campaigns were carried out to raise awareness of women’s rights, prevent sexual violence, and protect women and young girls from gender-based violence. The most recent plan had 26 million dollars earmarked, which had been provided by the Government, public and private partners and international partners, including Norway.  Innovative aspects had been included within the plan, including an aspect of positive masculinity. 

    The withdrawal of the United Nations Organization Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO) from the Democratic Republic of the Congo began in 2021.  The withdrawal plan was supported by the Peace Consolidation Fund, to support the country when the Mission withdrew and bolster peace efforts.  This approach was inclusive, involving civil society and actively promoting cohesion among women’s organizations. 

    Since 2018, there had been an increase in women in decision-making positions, due to an introduction of measures to promote gender equality, as well as this being enshrined within the country’s Constitution. 

     

    Questions by Committee Experts

    A Committee Expert said the Democratic Republic of the Congo had ratified the Convention almost 40 years ago.  During this time, how had women’s participation in the political process changed? How many people were in top positions in the country?  Women and girls in the Democratic Republic of the Congo remained underrepresented in all spheres, including in the private sector.  Out of 500 members of Parliament, only 14 per cent of them were women. 

    A roadmap had been adopted up to 2028 to prevent violence in politics.  What steps were being taken to guarantee more women taking part in legislative bodies?  What was being done to eliminate violence in electoral processes?  How were women candidates being protected?  Taking into consideration the extreme violence in the eastern part of the country, it seemed difficult to foresee, but when would there be net parity in the representation of the Democratic Republic of the Congo?

    Responses by the Delegation

    The delegation said a campaign had been spearheaded for positive masculinity. There was now a female Prime Minister and women occupied key decision-making and ministerial posts within the Government, including as the Minister of Foreign Affairs. This year, all party leaders were called upon to ensure 50 per cent of female candidates in their electoral lists in scheduled elections.  These lists would be excused from having to pay the electoral fee, which was an incentive to guarantee more female candidates. 

    Steps had been taken at the electoral and appointed level to push for the stated goal of parity. However, it was another thing to ensure that the female candidates were elected as representatives or senators. The authorities had more control on appointing women to specific posts, rather than ensuring they were elected by voters.  A rule had been enacted to ensure parity with Director-Generals and Deputy Director-Generals, whereby every time a man was appointed to this position, so was a woman, and vice versa.  To ensure more female members of Parliament, women had to be able to persuade the local population to vote for them.  Hearts and minds needed to be changed at the grassroots level, but this was happening gradually.  Having more female leaders would go a long way to changing the electoral environment. 

    During the most recent elections, a programme was rolled out to address electoral violence in the eastern part of the country, and boost capacity for women who wanted to stand as electoral candidates.  Programmes were also rolled out targeting key communities and regions at a grassroots level. Awareness-raising was being carried out in villages to address the entrenched views within the country. Women female candidates often lacked resources, so it was important to engage in capacity building so they could undertake fundraising.  The process towards the drive towards parity was closely tied to the existence of legal instruments.  The Democratic Republic of the Congo was making efforts to promote women’s participation at all levels. 

    Legal and regulatory frameworks were in place under Congolese electoral law to protect female candidates.  A specialised police unit and the military were deployed to regions to ensure violence was not being inflicted on female candidates, and the police received special training in this regard.  Special campaigns were carried out to raise awareness of gender-based violence in elections and encourage female candidates to report this phenomenon.  The prevailing conflict hampered the opportunities to change the sociological and cultural mindsets within the country.  Of the 5,000 judges in the country, around 25 per cent were now women, when previously it had been almost zero.  To achieve this goal, women had been prioritised in recruitment drives.  There was a lack of trust in women’s competence which needed to be addressed. The State was exhausted by the war which was standing in the way of the process. 

    Questions by a Committee Expert

    A Committee Expert said given the link between armed conflict and the climate crisis, could reparations be expanded to include climate-change related violence against women? In March 2021, the International Criminal Court had issued its first order for reparations for victims of sexual violence in the Democratic Republic of the Congo.  Did the reparation fund provide funds for children born out of rape? Last year, a member of the militia was sentenced to imprisonment for life for crimes against humanity, due to forced pregnancy, which was a global first and should be congratulated.  Did the Penal Code address the 10 categories of sexual violence previously mentioned?  How did the Code help shift the stigma from the victim to the perpetrator? As Goma was under siege, the most pressing issue was water.  How would the State install water distribution centres while ensuring the protection of women collecting the water?

    Many women trekked from Goma in search of firewood, but instead were found by gunmen and faced rape.  Were there park rangers trained in violence prevention, who were gender-sensitive and conscious of the epidemic of violence?  The proliferation of small arms and light weapons often claimed the lives of women and girls foraging for food and firewood; how was their illegal trading being addressed?  It was estimated that the country faced acute food insecurity and was at the tipping point of famine.  How was a humanitarian corridor for access to food, water and medical supplies being established?  Unfortunately, in the Democratic Republic of the Congo, food insecurity resulted in “famine brides”, particularly women and girls with disabilities, who were denied food and medicine and sold in sexual slavery.   

    Responses by the Delegation

    One speaker from the delegation said she had been raped during the war, and hearing the recent news was triggering many emotions.  At the time she had been a child; now she was 28 and it continued to haunt her.  It was vital for the reparation fund and other programmes which aimed to provide reparations to victims, to target children born in conflict, children born from rape, and children who witnessed conflict.  The Child and Youth Programme granted children who came from conflict or rape administrative documents.  Medical care, psychosocial assistance and social support, including access to education, was provided to children.  Laws were in place to ensure that those involved in the conflict would not be able to hold decision-making positions or receive any benefits. 

    M23 and the Rwandan Government had destroyed the displaced persons camps around Goma, depriving these people of their legitimate rights to protection.  The Government, with international partners, had made great efforts to help people establish these camps and have the bare necessities, but they were being destroyed.  It had become impossible to find a single shelter for displaced people in these areas. So many efforts had been made, with little results, as the Government could not control the area.  The speaker asked the international community to speak on behalf of victims, so that their voices were heard. 

    The State was working with the United Nations Children’s Fund, the United Kingdom and others to develop a tool to identify children born from rape.  This would not just help children from the Democratic Republic of the Congo, but also children born from rape in Sudan, Ukraine and other parts of the world.  The Democratic Republic of the Congo was expecting a third wave of children born from rape, who would ask who their parents were.  There needed to be measures to ensure this did not happen again. It was difficult to bring down the number of light weapons. 

    There was an undeniable link between sexual violence against women and economisation. Regarding the situation in the nature reserves in the east of the country, this had become a ground for armed groups operating in the area.  One of the consequences of climate change was the energy crisis, meaning firewood and charcoal carbon were the energy resources sought by women and girls, who regularly fell victim to the armed groups, and were raped while seeking to meet their energy needs.  There were units responsible for protecting the reserves, but the light weapons they were armed with were no match for the firepower of the armed groups, who could then wreak havoc on the nature reserves.  The guards in the reserves were not equipped to protect the women searching for firewood and the Government did not have the ability to intervene as these areas were controlled by Rwanda.  Many of these parks and forests were registered as national heritage sites by the United Nations Educational, Scientific and Cultural Organization.  The impact of this part of the conflict needed to be properly understood and measured. 

    A programme had been developed to ensure youths were not tempted by the recruitment of the armed groups, and to provide for the needs of internally displaced persons and ensure their reintegration in their host communities.  The programme also targeted ex-combatants but excluded those who had taken arms against the Democratic Republic of the Congo.  A woman was a member of the leadership board on this programme. 

    Programmes were in place to address practical needs, including safe drinking water for persons in internally displaced persons camps, to ensure there was no need to forage further afield.  The war had hampered these endeavours, as many internally displaced persons were now fleeing from camps, and it was difficult to identify them.  Steps had been taken to strengthen protection in the park areas, with regular security patrolling the areas, and keeping note of where women were located.  The State was also seeking to address the issue of reforestation, by encouraging women to engage directly in sustainable forest management. 

    Awareness raising campaigns were being conducted to highlight the risks women faced when collecting firewood alone.  Women were provided with micro-credits to generate alternative income streams, allowing them to pay for resources such as firewood and water, rather than searching for them themselves.  A hotline was established, where women could call to report instances of rape or violence, and they were offered psychological assistance and support. Women were also taught how to have access to water and sustainably manage it, and water purification tablets were distributed to women, to ensure their water was drinkable.  Work was being done with local and international partners to bolster women’s protection systems and their sustainable natural management systems. 

    Steps were being taken to tackle food insecurity which was prevalent in the eastern part of the country, including through establishing canteens for displaced persons. The Government placed special emphasis on tackling the trading of small arms and light weapons, but this was often disregarded by States.  However, the Government sometimes had to disregard control measures themselves to ensure they were equipped to fight against the Rwandan army and M23.  It was important to note that the State was not refusing dialogue with the armed groups, but they would not re-enter former rebel combatants into the armed forces.  However, the State was willing to engage in dialogue with these groups, under the Nairobi agreement. 

    Questions by Committee Experts

    An Expert said it was important that women were included in the Nairobi peace process. It was vital to document evidence and women’s narratives for women’s legal action.  The Congo basin was “the lungs of Africa” and it was important that it was protected to ensure the Sustainable Development Goals.  The Democratic Republic of the Congo had reintroduced the death penalty in January this year to address the wave of gang violence. It was hoped this would be reconsidered. 

    BRENDA AKIA, Committee Expert and Country Rapporteur for the Democratic Republic of the Congo, commended the State party for justice efforts taken to end impunity for conflict-related sexual violence, including the mobile courts which had led to the prosecution of numerous perpetrators.  Given the high level of sexual violence, the number of convictions were not commensurate.  Was the State party considering other jurisdiction methods to ensure perpetrators who passed through the porous borders in the regions would be prosecuted and held accountable? 

    The State party should emphasise in the Nairobi peace process negotiations the conflict-related sexual violence experienced by women and girls and the importance of gathering evidence for seeking justice.  How was the State party investing in strengthening the rule of law to ensure access to quality and affordable justice, including access to legal aid for victims of conflict-related sexual violence?  Could the State party provide data on the number of investigations, arrests, arrest warrants and successful convictions handed down against victims? Ms. Akia commended the State party for the commitment to the peace process

    Responses by the Delegation

    The delegation said that following some complaints received by the Government, a Commission was established to look into alleged violations by members of law enforcement. In Goma, around 30 members of law enforcement had been judged.  Given the recent situation of the prison break, the whereabouts of these individuals was currently unknown.  The difficulty was related to the international nature of the crisis; even if domestic mechanisms would be established, there were international elements which needed to be addressed.  For the Government, the reinstation of the death penalty was an administrative deterrent measure for the situation in the eastern part of the country.  No executions had been carried out so far. 

    Justice was provided free of charge for victims of conflict-related sexual violence, practically and legislatively.  Many women did not want to present their cases before courts as they feared stigmatisation, and they also faced difficulty in access to justice, which explained the discrepancy between the number of cases of sexual violence reported and the number convicted.  Often times, victims could not pay for legal proceedings and did not understand how the courts operated, which presented further challenges.  The State party was aiming to remove some of these barriers, including by making access to the justice system free of charge.  Now, in the east of the country, this was the situation.  At the same time, legal assistance could be provided to victims. 

    Questions by a Committee Expert

    A Committee Expert expressed solidarity and deep sadness for the tragic loss of life within the State party.  Could the State party provide information on what measures were being taken to ensure adequate capacity to strengthen coordination among duty-bearers responsible for preventing conflict-related sexual violence, including judges and prosecutors, among others?  What incentives had been applied to increase the recruitment of judges and prosecutors so that they could handle the backlog of conflict-related sexual violence cases, particularly in rural areas?  How often were duty-bearers responsible for combatting conflict-related sexual violence? How often was training conducted and what did it entail?  How often was the Convention incorporated in the training? 

    Responses by the Delegation

    The delegation said according to the 2024 law on the status of judges, judges learned about several topics during their training, including sexual violence.  From the moment Congolese judges were appointed, they could begin to work on repressing sexual violence.  Following the ratification of the Convention, the Democratic Republic of the Congo had had to adapt its legal framework. 

    In areas of conflict, it would be difficult to provide statistical figures, as courts and legal buildings had been destroyed, meaning it was difficult to follow-up on written cases. The National Strategy to Combat Gender-Based Violence had been rolled out initially in 2010, was revised in 2019, and was being reviewed currently to see if it needed to be tailored to the existing context.  In 2019, the National Police drew up a national plan to tackle sexual violence, which contained a chapter outlining the modalities to be followed when it came to interviewing victims and witnesses. 

    The statue on the recruitment of judges covered lawyers who worked in the Attorney-General’s Office.  Around two thirds of magistrates recruited by the Office in 2023 would be reappointed to serve as judges in district courts.  There were more than nine instances of action criminalised as sexual violence, which were heard before the Peace Courts.  These cases were being heard whenever possible in local district courts.  This was a way used by the Government to address the backlog of cases.  Female mediators were currently being trained by Member States of the Southern African Community. 

    Questions by Committee Experts

    A Committee Expert said conflict-affected mining grounds saw high levels of sexual slavery, fuelled by money from the mineral trade.  Human trafficking remained a worrying phenomenon in certain parts of the country.  How did the State party ensure that complaints of trafficking were handled appropriately and that victims themselves were not penalised?  How would the State party prevent trafficking of persons by members of the armed groups?  Were there plans to increase the number of shelters for female victims of human trafficking? 

    Another Expert said the Committee encouraged the State party’s efforts in the face of the resurgence of conflict.  Between January 2022 and March 2023, more than 100 schools had stopped operating due to the deteriorating security situation.  The Committee understood that educational activities were extremely difficult during the ongoing situation.  Was there an education policy for displaced women and girls?  Was education considered part of the services provided to survivors of conflict-related sexual violence?  What were the education plans for all levels of the system?  Were school age pregnant girls and mothers able to attend schools and access education? The Expert was pleased to hear of the State party’s approach to positive masculinity.  Young males were easy targets for recruitment into armed groups. Did gender-responsive education exist within the school and university systems, the armed forces, and State systems?

    Responses by the Delegation

    The delegation said as of last week, there were more than seven million internally displaced persons in the Democratic Republic of the Congo who were lacking aid, which presented a major crisis for the country.  Since 2019, the President had set up the National Agency to tackle the issue of human trafficking.  An expanded Technical Commission had been established to engage in discussions and debate.  In conflict zones, women and children were increasingly vulnerable to sexual exploitation. There was an increasing number of brothels in and around Goma, and in mining areas as well.  Those who worked there were victims, who had no other choice. There was a significant amount of forced labour in the mines, with a substantial number being children.  There were also many child combatants in the armed groups who had been tricked into joining them. 

    There was significant corruption surrounding human trafficking; the Government fully understood this issue and was attempting to tackle it head on.  The current political instability and the mass of displaced persons gave traffickers cover to carry out their activities.  The Government was doing its utmost to combat human trafficking and was working closely with the United Nations Office in Vienna.  The State had managed to stabilise the situation, but recognised there was still significant work to be done. 

    The Government had been able to rebuild around 20 schools which had been destroyed.  The approach to education always mainstreamed a gender dimension, and took into account the specific needs of women and girls. The major issue was the sheer number of displaced persons, with more than half of them women and children. The State was doing its utmost to ensure women and girls had access to education. 

    Questions by Committee Experts

    A Committee Expert congratulated the State party for steps taken in the area of healthcare. The Committee hailed the adoption of decree 23/9, which provided for the creation of multisectoral care for survivors of sexual-related violence.  The establishment of mobile clinics in camps for internally displaced people should be commended, as well as the distribution of post-rape kits by midwives. Could more data be provided, including the number of health care facilities built, the number of victims treated, the number of kits being distributed, and the training rate of those trained?

    Another Expert said in some contexts armed groups used child marriage as a weapon of war to hide human trafficking, with a very small percentage of cases brought to light. What special urgent actions was the State taking to counter this regrettable situation?  What were legal institutions doing to prevent child and forced marriages?  Was awareness being raised among the families to teach them about their rights?  Was current legislation being enforced?  How was security being provided to the victims? 

    NAHLA HAIDAR, Committee Chair, asked about the mass displacement of people; how were these people documented? 

    Responses by the Delegation

    The delegation said the legal instruments on sexual violence, particularly the law on children, stipulated how the system was regulated.  The Government did not have control over this part of the country, and it hurt that they could not answer questions about things happening on their land. The mechanisms existed, but the State could not enforce its own legal instruments because it did not have control over the territory. 

    Forced marriage carried a sentence of 20 years in prison for anyone responsible, including a parent or head of a tribe.  There were also awareness campaigns being carried out on forced marriage and human trafficking.  Institutions took cases of forced marriages very seriously.  A State official would not grant a marriage license without verifying the age of those seeking marriage.  A provincial action plan was in place for areas where there were high rates of early and forced marriages.  The police had put together an action plan against sexual violence which considered the child.  The Democratic Republic of the Congo had set up free programmes to provide education on child marriage.

     

    The State did not have access to areas under control of the Rwandan army and armed forces. Rehabilitation had been provided to displaced persons, but there were seven million displaced persons, which meant that the Government could not look after everyone.  Over 10,000 displaced persons had received medical care under a programme, but unfortunately the Government had to close this programme due to the war.  There was a budget in place to assist displaced persons.  Before the war, actions had been taken by the Government in land currently under Rwandese occupation. 

    This dialogue could be an opportunity to appeal to the international community for financial assistance to improve the State’s humanitarian response to the crisis. 

    Questions by a Committee Expert

    A Committee Expert said due to the humanitarian crisis and high levels of poverty, high levels of food insecurity persisted, disproportionately affecting women and girls. In some cases, women were raped, mutilated, killed or burned.  Data was needed for the State party to be able to take measures.  Could disaggregated data be provided on the number of women and girls who were victims of conflict-related sexual violence in camps in the eastern part of the country?  What actions were applied by the State party to upgrade gender-specific security measures in and around these protection sites?  How did the State party sustain an emergency response for women and girls fleeing the conflict?  What specific education and training had been provided for peace? How was awareness raising undertaken in the eastern Democratic Republic of the Congo, reaffirming peace and tolerance? 

    Responses by the Delegation

    The delegation said Governments bore the responsibility of protecting their citizens. They should not be persecuting their people.  The country had been caught up in a crisis for the past three decades.  The programmes put in place demonstrated the commitment of the Government to restore children who had been educated in the culture of killing and war.  Before Goma fell, the Government had enacted measures to ensure security of the internally displaced person camps, including preventing people with no business in the camps from entering and installing security controls around the camps. Unfortunately, these efforts had proven to be in vain.  An action plan had been rolled out to bolster the humanitarian response, with a key component of the strategy focused on tackling gender-based violence. 

    Questions by a Committee Expert

    A Committee Expert asked what proportion of the extractive industry was owned and led by women? What role did women play in supply chains in key sectors?  How was legislation being reformed for companies investing and trading in the extractive industry?  How was the State party providing necessary oversight through the licensing of the private sector?  How did public and private partnership projects explicitly promote and protect women’s rights?  How were appropriate social buffers provided to cushion the impact of war on women?   

    Responses by the Delegation

    The delegation said the State had begun the process of victim identification, and 54 per cent of victims identified were women.  This meant these women could benefit from reparations if they arrived at the end of the process.  No woman victim would be deprived of her right to reparation or remedy. 

    In the Congolese mining agreements and the forestry code, there was a legal mechanism in place, called the social clause.  Whatever resources were being exploited, no part of the land escaped this principle. Anyone who wished to exploit resources needed to engage with the community, but the State was the sovereign owner.  There were no clauses which prohibited women from working in the private sector or in the extractive industries.  In the initiative on human rights, there was a voluntary principle which allowed the State to monitor and intervene in instances of mining to ensure there were no violations of human rights or cases of forced labour.  Women played a full role in the private sector and there was a high rate of participation there. 

    Closing Remarks 

    CHANTAL CHAMBU MWAVITA, Minister for Human Rights of the Democratic Republic of the Congo and head of the delegation, said it was an honour to be with the Committee to speak about the situation in the country.  The Democratic Republic of the Congo needed support.  The country had faced the aggression of its neighbour Rwanda for more than 30 years.  The dialogue today presented an opportunity to ask for unity and for efforts to respect the United Nations Charter.

    NAHLA HAIDAR, Committee Chair, thanked the delegation for the constructive dialogue despite the difficult situation being faced in the country.  This was an exceptional report, and the Chair thanked the State party for participating in the dialogue which gave the Committee a chance to better understand the situation faced by women and girls who were victims of conflict-related sexual violence.  The Committee expressed its solidarity with the Democratic Republic of the Congo and commended the State party for the efforts it had already taken.  

    Produced by the United Nations Information Service in Geneva for use of the information media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

    CEDAW25.002E

    MIL OSI United Nations News –

    February 5, 2025
  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi’s reply to the Motion of Thanks on the President’s Address in Lok Sabha

    Source: Government of India (2)

    Prime Minister Shri Narendra Modi’s reply to the Motion of Thanks on the President’s Address in Lok Sabha

    The President’s address clearly strengthens the resolve to build a Viksit Bharat: PM

    We have not given false slogans to the poor, but true development, A Government that has worked for all sections of society: PM

    We believe in ensuring resources are spent towards public welfare: PM

    Our Government is proud of the middle class and will always support it: PM

    Proud of India’s Yuva Shakti; Since 2014, we have focused on the youth of the country and emphasized on their aspirations, today our youth are succeeding in every field: PM

    We are leveraging the power of AI to build an Aspirational India: PM

    An unwavering commitment to strengthening the values enshrined in our Constitution: PM

    Public service is all about nation building: PM

    Our commitment to the Constitution motivates us to take strong and pro-people decisions: PM

    Our Government has worked to create maximum opportunities for people from SC, ST and OBC Communities: PM

    Our Government has shown how to strengthen unity as well as care for the poor and downtrodden: PM

    Emphasis on saturation is generating outstanding results:PM

    In the last decade, unprecedented support has been given to the MSME sector: PM

    Posted On: 04 FEB 2025 9:13PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi replied to the Motion of Thanks on the President’s Address to Parliament in the Lok Sabha today. Addressing the House, the Prime Minister appreciated the contributions of all honorable MPs who participated in the discussions yesterday and today, noting that the tradition of democracy includes both praise where necessary and some negative remarks where needed, which is natural. Highlighting the great privilege of being given the opportunity by the people to express gratitude for the President’s address for the 14th time, he extended his respectful thanks to the citizens and acknowledged all participants in the discussion for enriching the proposal with their thoughts.

    Remarking that as of 2025, a quarter of the 21st century has passed, Shri Modi noted that time will judge the achievements of the post-independence 20th century and the first 25 years of the 21st century. He emphasized that a detailed study of the President’s address reveals that it instills new confidence in the future 25 years and the vision of a developed India. The Prime Minister highlighted that the President’s address strengthens the resolve for a Viksit Bharat, creates new confidence, and inspires the general public.

    The Prime Minister highlighted that in the last 10 years, 25 crore people had moved out of poverty, as revealed by many studies. He remarked that this effort was possible due to effective implementation of the schemes with devotion and utmost sensitivity by the Government towards the poor and the needy. He added that when people who are grounded and who know the ground reality, work for the people at the ground level, then change is inevitable and certain  on the ground. “Our Government has not given false slogans to the poor, but true development”, said Shri Modi. He added that his was a Government that has worked for all sections of society by understanding the pain of the poor and aspirations of the middle-class with utmost passion, which was lacking in some people. 

    Noting that it was truly a despair to live in kachcha houses and huts during the monsoons, the Prime Minister said four crore houses were distributed to the poor till now by the Government. Highlighting the difficulties faced by women to defecate in the open, he added that the Government had built more than 12 crore toilets to alleviate the difficulties of women. Emphasising that the Government was focused on ensuring water in the taps of every house through the Har Ghar Jal scheme, the Prime Minister said that even after 75 years of Independence, around 75% or more than 16 crore houses lacked tap-water connections. He added that the Government had ensured 12 crore families tap water connection in the last 5 years and the work was progressing rapidly. Underlining the details of the work done for the poor in the President’s address, Shri Modi said while identifying a problem was not sufficient but was necessary to work with utmost devotion to ensure that a solution was found. He added that his Government, as seen in their work over the last 10 years as well as the President’s address, worked with devotion to ensure solution to the problems.

    Highlighting the previous situation when out of every rupee spent, only 15 paise reaches the intended destination, the Prime Minister underscored that the Government’s model of “Bachat bhi, Vikas bhi”, meaning progress with savings, to ensure that the people’s money is used for the welfare of the people. He added that with the JanDhan-Aadhar-Mobile (JAM) Trinity, the Government started Direct Benefit Transfer (DBT) and deposited around ₹40 lakh Crore  in the bank accounts of the people. Underlining that around 10 crore Ghost beneficiaries were benefiting from the welfare schemes of the Government, the Prime Minister said that during the last 10 years, ghost beneficiaries were eliminated to ensure social justice and the actual beneficiaries were added through various schemes. He added that this had saved around ₹3 lakh crore from reaching the wrong hands. Shri Modi highlighted that the Government had extensively utilized technology in public procurement, bringing in transparency through the GeM (Government e-Marketplace) portal, which is now also being used by state Governments. The procurement made through the GeM portal has been more cost-effective compared to traditional procurement methods, resulting in a savings of ₹1,15,000 crore for the Government.

    Shri Modi highlighted that the Swachh Bharat Abhiyan was initially ridiculed, with many treating it as a mistake or a sin. Despite the criticism, he proudly stated that due to these cleanliness efforts, in recent years, the Government has earned ₹2,300 crore by selling scrap from Government offices. The Prime Minister invoked Mahatma Gandhi’s principle of trusteeship, emphasizing that they are trustees of the public’s property and are committed to saving every paisa and using it properly. 

    Highlighting that the Government made a significant decision on ethanol blending, the Prime Minister acknowledged that India is not energy independent and relies on external sources. He said that the introduction of ethanol blending reduced the expenditure on petrol and diesel, resulting in savings of ₹1 Lakh crore. The Prime Minister emphasized that this amount has directly benefited the farmers, putting nearly ₹1 lakh crore into their pockets.

    The Prime Minister remarked that while he talks about savings, newspapers used to be filled with headlines about scams worth lakhs and crores. He noted that it has been ten years since such scams have occurred, highlighting that the absence of these scams has saved the country lakhs of crores of rupees. These savings have been directed towards serving the public.

    Emphasising that the various steps taken have resulted in savings of lakhs of crores of rupees, Shri Modi clarified that these funds were not used to build grand palaces but were instead invested in nation-building. He noted that the infrastructure budget was ₹1.8 lakh crore ten years ago before their tenure while today, the infrastructure budget stands at ₹11 lakh crore which the President in her address described how India’s foundation is being strengthened. The Prime Minister highlighted that strong foundations have been laid for development in areas like roads, highways, railways, and rural roads.

    “Savings in the Government treasury are essential, as emphasized through the principle of trusteeship. However, it is equally important that common citizens also benefit from such savings”, said the Prime Minister. He highlighted that schemes should be designed to ensure public savings. Citing the Ayushman Bharat scheme, he mentioned that the expenses borne by citizens due to illnesses have significantly reduced. He stated that the Ayushman Bharat scheme has saved approximately ₹1.2 lakh crore for the people. Underscoring the importance of Jan Aushadhi Kendras, Shri Modi noted that for families with elderly members aged 60-70, medical expenses can be substantial and the Jan Aushadhi Kendras, providing an 80% discount on medicines, have helped families save around ₹30,000 crore on medical expenses.

    Shri Modi highlighted UNICEF’s estimation that families with proper sanitation and toilets save approximately ₹70,000 annually. He emphasized the significant benefits that initiatives like the Swachh Bharat Abhiyan, toilet construction, and access to clean water have brought to ordinary families.

    Emphasizing that the “Nal se Jal” initiative has been praised by the WHO, the Prime Minister remarked that according to the WHO report, access to clean water through the initiative has saved families an average of ₹40,000 annually on medical expenses related to other diseases. He highlighted that there are many such schemes that have helped common citizens save on their expenses.

    Highlighting that the distribution of free grain to millions of citizens has resulted in significant savings for families, Shri Modi said the PM Suryagarh free electricity scheme has saved families an average of ₹25,000 to ₹30,000 annually on electricity expenses. Additionally, any excess electricity generated can be sold for income. The Prime Minister emphasized the significant savings for common citizens through various initiatives. He mentioned the LED bulb campaign, noting that before their tenure, LED bulbs were sold for ₹400 each. Due to the campaign, the price dropped to ₹40, resulting in electricity savings and increased illumination. He added that this campaign has saved citizens approximately ₹20,000 crore. The Prime Minister highlighted that farmers who have scientifically utilized the Soil Health Card have benefited significantly, with savings of ₹30,000 per acre. 

    Touching upon the Income tax, the Prime Minister highlighted that over the past ten years, the Government has reduced income tax rates, thereby increasing savings for the middle class. He highlighted that in 2013-14, only ₹2 lakh was exempted from income tax while today, ₹12 lakh is completely exempt from income tax. The Prime Minister noted that throughout 2014, 2017, 2019, and 2023, the Government has continuously worked on providing relief and with the addition of a standard deduction of ₹75,000, salaried individuals will not have to pay any income tax on earnings up to ₹12.75 lakh from April 1st onwards.

    Criticizing the previous dispensations for being disconnected from the ground realities and engaging in lofty talks, the Prime Minister further pointed out that the leaders who spoke about the 21st century were not even able to fulfill the needs of the 20th century. He expressed his pain at realizing that the country is 40-50 years late in accomplishing tasks that should have been completed decades ago. Shri Modi added that since 2014, when the public gave the opportunity to serve, the Government has focused extensively on the youth, emphasizing their aspirations and creating numerous opportunities for them. As a result, the youth are now proudly showcasing their talents and achievements. The Prime Minister highlighted the opening of the space sector, defense sector, and the launch of the Semiconductor Mission. To promote innovation, several new schemes have been introduced, and the Startup India ecosystem has been fully developed. Additionally, he highlighted that a significant decision in the current budget is the income tax exemption on incomes up to ₹12 lakh, which has garnered much attention. Furthermore, the Prime Minister announced the opening of the nuclear energy sector, which will have long-term positive impacts and outcomes for the nation.

    Emphasizing the importance of AI, 3D printing, robotics, and virtual reality, and underscoring the efforts in the gaming sector, Shri Modi encouraged the nation’s youth to make India the capital of creative gaming worldwide, noting the rapid progress in this area. The Prime Minister remarked that for him, AI stands for not just Artificial Intelligence but also Aspirational India. He highlighted the initiation of 10,000 Atal Tinkering Labs in schools, where students are astonishing others with their robotics creations. The current budget includes provisions for 50,000 Atal Tinkering Labs. The Prime Minister also noted that India’s AI Mission has generated global optimism, and India’s presence on the world AI platform has become significant.

    Underlining that this year’s budget includes investment in the domain of Deep Tech, the Prime Minister emphasized that to progress rapidly in the 21st century, which is entirely technology-driven, it is essential for India to advance quickly in the field of deep tech. He remarked that the Government is continuously working with the future of the youth in mind. However, he criticized certain political parties for deceiving the youth with promises of allowances during elections which they fail to fulfill. He stated that these parties have become a disaster for the future of the youth.

    Remarking on the recent developments in Haryana, noting that the promise of providing jobs without any cost or intermediaries was fulfilled immediately upon forming the Government, the Prime Minister highlighted this as a testament to their commitment. He celebrated Haryana’s historic third consecutive victory, marking it as a significant achievement in the state’s history. Similarly, the Prime Minister acknowledged the historic results in Maharashtra, noting the unprecedented number of seats held by the ruling party, attributing this success to the blessings of the people. 

    The Prime Minister referenced the President’s address, which extensively discussed the completion of 75 years of the Constitution. He emphasized that in addition to the articles of the Constitution, its spirit must be lived and we stand by it. Shri Modi remarked that it is a tradition for the President to outline the Government’s activities of the past year in their address, similar to how Governors present the activities of their respective states in their speeches. He emphasized that the true spirit of the Constitution and democracy was demonstrated when Gujarat celebrated its 50th anniversary, and he was serving as the Chief Minister. He added that during the Golden Jubilee year, he made a significant decision to compile all the speeches given by Governors in the assembly over the past 50 years into a book, which is now available in all libraries. He noted that his administration took pride in publishing these speeches. He underscored their commitment to living by, dedicating themselves to, and understanding the spirit of the Constitution. 

    The Prime Minister remarked that in 2014, when they came to power, there was no recognized opposition party, as none had secured the required number of seats. Many laws allowed the Government to operate independently, and several committees stipulated the inclusion of the Leader of the Opposition, but there was none. The Prime Minister highlighted that, in adherence to the spirit of the Constitution and the values of democracy, they decided to invite the leader of the largest party in the meetings, despite the absence of a recognized opposition. This demonstrated their commitment to the essence of democracy. Shri Modi remarked that in the past, Prime Ministers would handle files independently. However, his administration has included the Leader of the Opposition in these processes and even enacted laws to ensure their participation. The Prime Minister noted that when the Election Commission is formed, the Leader of the Opposition will be part of the decision-making process, demonstrating their commitment to living by the Constitution.

    Highlighting that in Delhi, several places have private museums created by families, Shri Modi noted that when it comes to utilizing public funds, it is important to live by the spirit of democracy and the Constitution. He mentioned the creation of the PM Museum, which showcases the lives and work of all Prime Ministers, from the first to his predecessors. The Prime Minister expressed his desire for the families of the great leaders featured in the PM Museum to visit and suggest additions to enrich the museum further, inspiring the younger generation. He emphasized that living for oneself is common, but living for the Constitution is a higher calling that they are committed to.

    “When power is used for service, it leads to nation-building, but when power becomes a legacy, it destroys people”, said the Prime Minister. He emphasized that they adhere to the spirit of the Constitution and do not engage in divisive politics. He highlighted the importance of national unity and recalled the creation of the world’s tallest statue, the Statue of Unity, dedicated to Sardar Vallabhbhai Patel as their commitment to living by the Constitution drives their actions.

    Expressing his concern that it is unfortunate that some people are openly using the language of urban Naxals, Shri Modi highlighted that those who speak this language and challenge the Indian State can neither understand the Constitution nor the unity of the country. 

    Highlighting that for seven decades, Jammu & Kashmir and Ladakh were deprived of constitutional rights, the Prime Minister noted that this was an injustice to both the Constitution and the people of Jammu & Kashmir and Ladakh. By revoking Article 370, the Prime Minister highlighted that the people of these regions now receive the same rights as other citizens of the country. He emphasized that they understand and live by the spirit of the Constitution, which is why they make such strong decisions.

    Stressing that the Constitution does not allow for discrimination, Shri Modi criticized those who live with a biased mindset, pointing out the difficulties imposed on Muslim women. By abolishing triple talaq, the Prime Minister stated that they have given Muslim daughters their rightful equality as per the Constitution. 

    Emphasizing that whenever their Government has been in power, they have worked with a long-term vision, the Prime Minister expressed concern over the divisive language used by some, driven by despair and hopelessness. He noted that their focus has always been on those who are left behind, as envisioned by Mahatma Gandhi. Shri Modi highlighted the creation of separate ministries, such as for the Northeast and for tribal affairs under Atal Bihari Vajpayee’s leadership, demonstrating their commitment to inclusive development.

    Highlighting that India’s southern and eastern coastal states have significant fishing communities, Shri Modi emphasized the importance of considering the well-being of these communities, including those in small inland water areas. The Prime Minister highlighted that it is their Government that created a separate ministry for fisheries to address the needs of fishermen and support their livelihoods.

    Pointing out the potential within the marginalized sections of society, the Prime Minister remarked that by focusing on skill development, new opportunities can be created, leading to a new life for their aspirations. This led to the creation of a separate Ministry for Skill Development. He also highlighted that the primary duty of democracy is to provide opportunities to even the most ordinary citizens. To enhance and strengthen India’s cooperative sector, which connects crores of people, the Government has created a separate Ministry for Cooperatives. The Prime Minister noted that this demonstrates their vision.

    The Prime Minister remarked that discussing caste has become fashionable for some people and for the past 30-35 years, OBC MPs from various parties have been demanding constitutional status for the OBC Commission. He added that it was their Government that granted constitutional status to the OBC Commission. He highlighted that the Backward Classes Commission is now part of the constitutional framework.

    The Prime Minister remarked that they have worked steadfastly to provide maximum opportunities for SC, ST, and OBC communities in every sector. He posed important questions to the nation, asking if there has ever been a time when three MPs from the same SC family served in Parliament simultaneously, or three MPs from the same ST family at the same time. He highlighted the stark difference between the words and actions of some individuals, indicating a vast gap between their promises and reality.

    The Prime Minister highlighted there is a need for the empowerment of SC and ST communities while noting the importance of maintaining unity without creating social tensions. He provided an example by noting that before 2014, there were 387 medical colleges in the country. Today, the number has increased to 780, resulting in a rise in available seats. He pointed out that before 2014, there were 7,700 MBBS seats for SC students. After ten years of work, the number has increased to 17,000, thereby significantly improving opportunities for the Dalit community to become doctors, without creating social tensions and while respecting each other’s dignity. Shri Modi highlighted that before 2014, there were 3,800 MBBS seats for ST students. Today, this number has increased to approximately 9,000. He also noted that before 2014, there were fewer than 14,000 MBBS seats for OBC students. Today, this number has risen to approximately 32,000, enabling 32,000 OBC students to become doctors. The Prime Minister highlighted that over the past ten years, a new university has been established every week, a new ITI has been opened every day, and a new college has been inaugurated every two days. He emphasized the significant increase in opportunities for SC, ST, and OBC youth.

    “We are committed to ensuring 100% saturation of all schemes so that no beneficiary is left out”, exclaimed Shri Modi. He highlighted that everyone who is entitled to benefits should receive them, rejecting the outdated model where only a few are favored. The Prime Minister criticized the politics of appeasement and stated that to build a developed India, the country must move away from appeasement to a path of satisfaction. He stressed that every section of society should receive their due without any discrimination. According to him, achieving 100% saturation means true social justice, secularism, and respect for the Constitution.

    Stressing that the spirit of the Constitution is to ensure better health for all, Shri Modi noted that today is Cancer Day, and health is being discussed extensively across the country and the world. He remarked that some individuals, driven by political selfishness, are obstructing the provision of healthcare services to the poor and elderly. The Prime Minister noted that 30,000 hospitals, including specialized private hospitals, are connected to the Ayushman Bharat scheme, offering free treatment to Ayushman cardholders. However, certain political parties, due to their narrow mindset and flawed policies, have closed the doors of these hospitals to the poor, affecting cancer patients. Citing a recent study by the public health journal Lancet, which stated that timely cancer treatment has begun under the Ayushman scheme, Shri Modi emphasized the Government’s seriousness in cancer screening and treatment, highlighting that early diagnosis and treatment can save cancer patients. The Lancet credited the Ayushman scheme, noting significant progress in this direction in India. 

    Highlighting the significant step taken in this budget to make cancer medicines more affordable, Shri Modi mentioned it was an important decision that will benefit cancer patients, especially on Cancer Day. He urged all honorable MPs to utilize this benefit for patients in their constituencies. He noted the challenges faced by patients due to the limited number of hospitals and announced the decision to establish 200 daycare centers. These centers will provide substantial relief to both patients and their families.

    Touching upon the discussions on foreign policy addressed during the President’s speech, the Prime Minister noted that some individuals feel the need to speak on foreign policy to appear mature, even if it harms the country. He suggested that those truly interested in foreign policy should read the book “JFK’s Forgotten Crisis” by a renowned foreign policy scholar. The book details important events and discussions between India’s first Prime Minister, Pandit Jawaharlal Nehru, and then US President John F. Kennedy during challenging times. 

    The Prime Minister expressed his disappointment at the disrespect shown towards the President, a woman from a poor family, following her address. He emphasized that he understands political frustration, but questioned the reasons behind such disrespect towards the President. Remarking that India is moving forward by embracing the mantra of women-led development, leaving behind regressive mindsets, Shri Modi emphasized that if women, who constitute half of the population, are given full opportunities, India can progress at twice the speed. His conviction has only strengthened after 25 years of working in this field. He highlighted that in the past ten years, 10 crore women, primarily from marginalized and rural backgrounds, have joined self-help groups (SHGs). These women’s capabilities have increased, their social status has improved, and the Government has enhanced their assistance up to ₹20 lakh to help them further their work. The Prime Minister noted that these efforts have had a highly positive impact on the rural economy.

    Highlighting the discussion of the Lakhpati Didi campaign in the President’s address, the Prime Minister noted that since the formation of the new Government for the third time, over 50 lakh Lakhpati Didis have been registered. He remarked that since the inception of this initiative, approximately 1.25 crore women have become Lakhpati Didis, and the goal is to make three crore women Lakhpati Didis through economic programs. The Prime Minister noted the significant psychological shift in villages, where women operating drones, known as Namo Drone Didis, have changed the community’s perception of women. These Drone Didis are earning lakhs of rupees by working in fields. He also highlighted the role of the Mudra Yojana in empowering women, with crores of women entering the industrial sector for the first time and taking on entrepreneurial roles.

    Emphasising that out of the 4 crore homes provided to families, approximately 75% have been registered in the names of women, the Prime Minister emphasized “this change is laying the foundation for a strong and empowered 21st-century India”. “The goal of a developed India cannot be achieved without strengthening the rural economy”, exclaimed the Prime Minister. He emphasized the importance of agriculture in the rural economy and noted that farmers are a strong pillar of developed India. Over the past decade, the agriculture budget has increased tenfold since 2014, marking a significant jump.

    The Prime Minister remarked that before 2014, farmers faced difficulties and even police action when demanding urea. He added that they had to stand in long queues overnight, and fertilizer meant for farmers often ended up in black markets. Shri Modi said today, farmers receive ample fertilizer. He added that during the COVID-19 crisis, supply chains were disrupted, and global prices soared. Shri Modi said that despite India’s dependency on imported urea, the Government managed to bear the cost. He added that a bag of urea costing the Government ₹3,000 is provided to farmers at less than ₹300. He highlighted that their continuous efforts ensure maximum benefits for farmers.

    “In the past ten years, ₹12 lakh crore has been spent to ensure affordable fertilizer for farmers and through the PM Kisan Samman Nidhi, about ₹3.5 lakh crore has been directly transferred to farmers’ accounts”, said Shri Modi. He highlighted the record increase in MSP and stated that procurement has tripled over the past decade. He noted that farmer loans have been made more accessible and affordable, with a threefold increase in the amount of credit provided. Shri Modi emphasized that during natural disasters, farmers were previously left to fend for themselves, but under the PM Fasal Bima Yojana, ₹2 lakh crore has been disbursed to farmers. He highlighted the unprecedented steps taken in irrigation over the past decade, referencing Dr. Babasaheb Ambedkar’s comprehensive and inclusive vision for water management. He mentioned that over 100 major irrigation projects, pending for decades, have been completed to ensure water reaches farmers’ fields. The Prime Minister noted that Dr. Ambedkar advocated for river linking, a vision that went unfulfilled for years. Today, projects like the Ken-Betwa Link Project and the Parvati-Kalisindh-Chambal Link Project have commenced. He also shared his successful experience in Gujarat with similar river-linking initiatives.

    “Every Indian should dream of seeing Made in India food packets on dining tables around the world”, said the Prime Minister. He expressed joy that Indian tea and coffee are now gaining popularity globally, and turmeric has seen a surge in demand post-COVID period. He noted that in the coming times, Indian processed seafood and Bihar’s makhana will also make their mark worldwide. The Prime Minister highlighted that India’s millets, known as Shri Anna, will enhance India’s reputation in international markets.

    Stressing the importance of Future Ready cities for a developed India, Shri Modi noted that the country is rapidly urbanizing, which should be seen as an opportunity rather than a challenge. He highlighted that the expansion of infrastructure leads to the creation of opportunities, as increased connectivity boosts possibilities. The Prime Minister mentioned the inauguration of the first Namo Rail connecting Delhi and Uttar Pradesh and expressed his experience of traveling on it. He stressed the need for such connectivity and infrastructure to reach all major cities in India, reflecting the nation’s future direction. He remarked that Delhi’s metro rail network has doubled, and now metro networks are expanding to Tier-2 and Tier-3 cities. The Prime Minister proudly highlighted that India’s metro network has surpassed 1,000 kilometers, with an additional 1,000 kilometers currently under development, showcasing the rapid progress. He highlighted several initiatives taken by the Indian Government to reduce pollution, including the introduction of 12,000 electric buses across the country, providing a significant service to Delhi as well.

    Mentioning the expansion of the Gig Economy in major cities, with lakhs of young people joining, the Prime Minister announced the registration of gig workers on the e-Shram portal and the provision of an ID card upon verification. He also stated that gig workers would benefit from the Ayushman scheme, ensuring they have access to healthcare. He estimated that there are currently around one crore gig workers in the country and emphasized the Government’s ongoing efforts to support this sector.

    The Prime Minister highlighted the significant job opportunities presented by the MSME sector, emphasizing its potential for employment. He remarked that small industries symbolize a self-reliant India and contribute immensely to the country’s economy. The Government’s policy focuses on simplicity, convenience, and support for MSMEs, with an emphasis on Mission Manufacturing to boost the manufacturing sector and create jobs for young people through skill development.

    Mentioning that several initiatives have been launched to improve the MSME sector, Shri Modi said that the MSME criteria established in 2006 were updated twice in the past decade, with significant upgrades in 2020 and in this budget. He highlighted the financial support provided to MSMEs, addressing the challenge of formal financial resources, and the special support given to the MSME sector during the COVID crisis. The Prime Minister noted the focus on industries like the toy and textile sectors, ensuring cash flow and providing loans without collateral, resulting in job creation and job security. He mentioned the introduction of customized credit cards and credit guarantee coverage to ease the business operations of small industries. He proudly shared that before 2014, India imported toys, but today, Indian toy manufacturers are exporting toys worldwide, with a significant reduction in imports and a 239% increase in exports. The Prime Minister highlighted that various sectors operated by MSMEs are gaining global recognition, with Made in India products like clothing, electronics, and electrical goods becoming part of daily life in other countries.

    The Prime Minister emphasized that the dream of a developed India is not just a dream of the Government but the dream of 140 crore Indians. He highlighted that India is moving forward with great confidence and urged everyone to contribute their energy towards realizing this dream. He noted that there are global examples of countries becoming developed within 20-25 years, and India, with its demographic advantage, democracy, and demand, can achieve the same by 2047, when India celebrates 100 years of independence. 

    The Prime Minister stressed the need to achieve greater goals and remain committed to creating a modern, capable, and developed India for many years to come. He called on all political parties, leaders, and citizens to prioritize the nation above all and work together towards the dream of a developed India. Concluding his address, the Prime Minister expressed his gratitude and thanked the President for the address and extended his appreciation to the members of the House. 

     

     

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    MJPS/SR

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    MIL OSI Asia Pacific News –

    February 5, 2025
  • MIL-OSI Asia-Pac: Kai Tak Sports Park holds another large-scale stress test

    Source: Hong Kong Government special administrative region

    Kai Tak Sports Park holds another large-scale stress test
    Kai Tak Sports Park holds another large-scale stress test
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         A large-scale stress test was held again tonight (February 4) at the Main Stadium of Kai Tak Sports Park (KTSP), with 50 000 spectators attending the Hong Kong Premier League U22 football match between Kitchee and North District. The exercise was conducted to assess the operational readiness of the Main Stadium and its surrounding facilities for sports events with maximum attendance, with a view to ensuring full preparedness for the official commissioning of the Sports Park.     Similar to the previous large-scale stress tests, the drill was co-ordinated by the Exercise Team of the Hong Kong Police Force (HKPF) and covered five major testing and evaluation areas, namely security screening and ticket checks; venue signage and designated seating arrangements; inter-agency co-ordination in response to emergencies; various crowd management measures; and passenger flow management by public transport operators.     During the exercise, the Fire Services Department (FSD) simulated two fire incidents of varying scales, aiming to test the communication and response capabilities of Fire Services personnel in co-ordination with the Police, venue security and other emergency response teams. The Police also simulated an emergency incident involving public safety and security to test the response of all stakeholders.     The stress test was scheduled for a weekday evening, with a slight overlap between the entry time and rush hour after work. Meanwhile, the exercise concluded at a later time, with most participants choosing to leave the park immediately afterwards, thereby increasing the pressure on the transport system. In addition, the Police again implemented new crowd management measures, such as using large display panels along the exit routes to MTR stations to convey crowd management information (including the latest public transport arrangements and estimated waiting times), playing music and deploying police officers to provide real-time information on the spot to help participants leave safely and orderly.     With the close collaboration of all parties, the exercise proceeded smoothly, achieving the anticipated results and testing objectives. The public transport system and surrounding facilities were able to divert the large passenger flows within a short period of time, allowing participants to enter and leave the venue in an orderly manner.     The retractable roof of the Main Stadium was opened for the first time during the stress test, aligning the testing time and mode more closely to the actual conditions of sports events, and the volume of noise during the test was found to be within the acceptable sound level.     A total of 50,000 civil servants, government employees and members of community groups simulated crowd flows during the test. A number of bureaux, departments and organisations, including the HKPF, the FSD, the Transport Department, the Civil Aid Service, the Auxiliary Medical Service, the MTR Corporation Limited and the KTSP Limited, also sent their staff to participate in the exercise.     In future test events and stress tests co-ordinated by the Exercise Team, the “Red Team” concept will continue to be applied to identify vulnerable areas, working in concert with relevant bureaux, departments and organisations to continuously review and enhance various aspects, with a view to ensuring the smooth and orderly operation of the KTSP upon its official commissioning.

     
    Ends/Tuesday, February 4, 2025Issued at HKT 23:42

    NNNN

    MIL OSI Asia Pacific News –

    February 5, 2025
  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: Initiatives for the Empowerment of Divyangjans

    Source: Government of India (2)

    Posted On: 04 FEB 2025 4:58PM by PIB Delhi

    The Department of Empowerment of Persons with Disabilities (Divyangjan), under the Ministry of Social Justice and Empowerment, marked International Day of Persons with Disabilities 2024 with launch of 16 groundbreaking initiatives to empower Divyangjan across India. Through these initiatives, the Department aim to ensure equal opportunities, accessibility and empowerment for every Divyangjan. Widespread awareness has been done through print, electronic, digital and social media platforms to ensure that Divyangjan across India including those in remote or underserved areas are informed about these initiatives.

     

    List of Initiatives:

    1. Sugamya Bharat Abhiyan: An online platform for empanelment of accessibility auditors for built environments was introduced, reflecting the government’s commitment to creating inclusive infrastructure
    2. Sugamya Bharat Yatra: A unique initiative in partnership with the Association for Persons with Disabilities, where Divyangjan will assess the accessibility of public spaces using the AI-enabled ‘Yes to Access’ app.
    3. Pathways to Access – Part 3 Compendium: The third installment of the series highlights key government documents on employment, financial services and healthcare for persons with disabilities, empowering them with knowledge and access to resources.
    4. High-Power Spectacles: Developed by CSIR-CSIO, these glasses cater to individuals with low vision, offering superior optical clarity and improving quality of life.
    5. Divyasha E-Coffee Table Book: ALIMCO’s e-book, launched to commemorate its 50- year journey, showcases inspiring stories and achievements in providing assistive devices to Divyangjan.
    6. Kadam Knee Joint: An indigenous innovation developed by IIT Madras and SBMT, offering enhanced mobility and durability, launched as a major leap in assistive technology.
    7. Awareness Generation and Publicity Portal: A digital platform for seamless application under the Awareness Generation and Publicity Scheme was inaugurated to enhance transparency and efficiency.
    8. Accessible Storybooks: In collaboration with NIEPVD and NBT, 21 accessible books in Braille, audio and large print formats were launched to promote inclusive education.
    9. Standard Bharti Braille Code: A draft for standardized Braille scripts in 13 Indian languages was introduced for public consultation, ensuring consistency and compatibility with Unicode standards.
    10. Braille Books Portal: An online submission portal for creating Braille books was unveiled, fostering inclusive education.
    11. MoU with Infosys BPM: A significant partnership to enhance employment opportunities for Divyangjan through the PM DAKSH portal’s Divyangjan Rozgar Setu initiative.
    12. Employability Skills Book: Released in 11 Indian languages, this book bridges the gap between education and employment for Divyangjan, promoting economic independence.
    13. Infosys Springboard Skill Programme: Infosys Springboard in collaboration with Yunikee offered courses to help deaf learners across India to develop skills across various fields and acquire marketable abilities.
    14. Google Extension for Persons with Hearing Impairment: SignUp Media and Yunikee partnered to provide robust, reliable, accessible source of sign language communication in entertainment, information and educational media for the Deaf community in India in accessing entertainment and other video content.
    15. E-Sanidhya Portal: Tata Power Community Development Trust and NIEPID, Secunderabad developed Tata E-Sanidhya Neuro-Diversity Platform as a specialized online and offline (digital) service designed to assist individuals with neuro-diversity conditions, particularly those affected by autism.
    16. Computer-Based Indian Intelligence Test by NIEPID, Secunderabad: NIEPID has developed an indigenous Indian Test of Intelligence, with the key strengths in its cultural relevance and sensitivity. The data from 4,070 children across different parts of India ensures that the test represents the Indian population accurately.

     

    The chapter IX of the RPwD Act 2016 provides for registration of institutes like NGOs, etc. that are working for the empowerment of persons with disabilities. It further states that the appropriate Government may within the limits of their economic capacity and development, grant financial assistance to registered institutions to provide services and to implement the schemes and programmes across the country including rural & semi-urban areas, in pursuance of the provisions of the said Act. Most of the initiatives launched are in collaboration with private sector and Non-Governmental Organizations to create an inclusive environment for Persons with Disabilities in the country. Such initiatives include launch of better aids and appliances for use of Divyangjan, MoUs with private companies to enhance employment opportunities for divyangjan, sharing codes for enhancing accessibility and Accessible Learning Materials etc.

    These 16 initiatives have been launched to ensure equal opportunities, accessibility and empowerment for every Divyangjan and to create an inclusive environment for Persons with Disabilities in the country. Periodic review and regular follow-ups with the stakeholders are done by the Department for holistic improvement towards the empowerment of Persons with Disabilities. To address identified gaps, Department is focused on strict policy implementation and enforcement, alongside strengthening monitoring mechanisms.

    The Department launched National Disability Information Helpline Service (NDIHS) on Short Code-14456 in January 2024. The helpline provides round-the-clock telephonic assistance in English and Hindi through an Interactive Voice Response System (IVRS) and call attendant support during working hours. NDIHS provides information about aids and assistive devices, Unique Disability ID (UDID) services, educational and economic empowerment programmes for persons with disabilities (PwDs), benefits, and concessions under Government schemes etc. Around 65,000 persons have been assisted through the helpline so far.

    This information was provided by UNION MINISTER OF STATE FOR SOCIAL JUSTICE AND EMPOWERMENT, SHRI B.L. VERMA, in a written reply to a question in Lok Sabha today.

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    VM

    (Lok Sabha US Q426)

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    MIL OSI Asia Pacific News –

    February 5, 2025
  • MIL-OSI: GAMCO Investors, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    • Quarter End AUM of $31.7 billion
    • Operating Margin of 32.3% for the Fourth Quarter and 31.0% for 2024
    • Fourth Quarter Earnings of $0.70 per Share versus $0.66 per Share in the Fourth Quarter of 2023
    • 2024 Earnings of $2.65 per Share versus $2.38 per Share for 2023
    • $182.8 million in Cash, Cash Equivalents, Seed Capital, and Investments and No Debt
    • Board Authorizes 100% Increase of the Regular Quarterly Dividend
    • Repurchased 1.3 million Shares, or 3% of Outstanding Shares, During the Fourth Quarter of 2024 and Increased Buyback Authorization to 1.5 Million Shares

    GREENWICH, Conn., Feb. 04, 2025 (GLOBE NEWSWIRE) — GAMCO Investors, Inc. (“Gabelli”) (OTCQX: GAMI) today reported its operating results for the quarter ended December 31, 2024.

    Financial Highlights

    (In thousands, except percentages and per share data)      
        Three Months Ended  
        December 31,
    2024
      December 31,
    2023
     
    U.S. GAAP          
    Revenue   $ 59,262     $ 57,313    
    Expenses     40,109       41,517    
    Operating income     19,153       15,796    
    Non-operating income     3,452       6,199    
    Net income     16,797       16,560    
    Diluted earnings per share   $ 0.70     $ 0.66    
    Operating margin     32.3 %     27.6 %  
               

    Giving Back to Society – $80 million since IPO

    Since our initial public offering in February 1999, our firm’s combined charitable donations total approximately $80 million, including $48 million through the shareholder designated charitable contribution program. Based on the program created by Warren Buffett at Berkshire Hathaway, our corporate charitable giving is unique in that the recipients of Gabelli’s charitable contributions are chosen directly by our shareholders, rather than by our corporate officers. Since its inception in 2013, Gabelli shareholders have designated charitable gifts to approximately 350 charitable organizations.

    On August 6, 2024, Gabelli’s board of directors authorized the creation of a private foundation, headquartered in Reno, Nevada, to continue our charitable giving program with an initial contribution of $5 million.

    Revenue

    (In thousands)   Three Months Ended    
        December 31,
    2024
      December 31,
    2023
       
    Investment advisory and incentive fees            
       Funds   $ 40,441   $ 37,748    
       Institutional and Private Wealth Management   15,057     13,712    
       SICAV     4 (a)   1,541 (a)  
          Total   $ 55,502   $ 53,001    
    Distribution fees and other income     3,760     4,312    
          Total revenue   $ 59,262   $ 57,313    
                 
    (a) Reflects change in reporting methodology. See AUM table.        

    The year over year increase in Funds revenues was primarily the result of higher average assets under management. The increase in Institutional and Private Wealth Management revenues was primarily the result of higher beginning of the quarter equity assets under management, which are generally used to calculate the revenues. The decrease in SICAV revenues reflects a change in the agreement for the merger arbitrage SICAV, an open-end fund available to non-U.S. shareholders, which became effective in December 2023. The change better aligns the financial arrangements with the services rendered by each party in managing the fund and did not have a material impact on the financial results. The decrease in distribution fees and other income was primarily the result of a decrease in equity mutual funds AUM that pay distribution fees.

    Expenses

    (In thousands)   Three Months Ended  
        December 31,
    2024
      December 31,
    2023
     
    Compensation   $ 26,593   $ 27,316  
    Management fee     2,512     2,444  
    Distribution costs     5,634     5,848  
    Other operating expenses   5,370     5,909  
       Total expenses   $ 40,109   $ 41,517  
               
    • The lower compensation expense in the fourth quarter of 2024 reflected $2.9 million of waived compensation partially offset by increased fixed compensation of $1.4 million and increased variable compensation of $0.8 million.
    • The $0.1 million increase in management fee is attributable to the higher pre-management fee income of $0.7 million; and,
    • Other operating expenses this quarter were lower versus the fourth quarter of 2023 reflecting the change in the agreement for the merger arbitrage SICAV beginning in December 2023.

    Operating Margin

    The operating margin, which represents the ratio of operating income to revenue, was 32.3% for the fourth quarter of 2024 compared with 27.6% for the fourth quarter of 2023.  

    Non-Operating Income

    (In thousands)   Three Months Ended  
        December 31,
    2024
      December 31,
    2023
     
    Gain from investments, net   $ 644     $ 3,529    
    Interest and dividend income     3,090       2,951    
    Interest expense (a)     (282 )     (281 )  
       Total non-operating income   $ 3,452     $ 6,199    
               
    (a) Related to GAAP accounting of finance lease.      

    Non-operating income decreased $2.7 million for the quarter, reflecting the lower mark-to-market net gains on our investment portfolio for the quarter slightly offset by an increase in interest and dividend income.

    Other Financial Highlights

    The effective income tax rate for the fourth quarter of 2024 was 25.7% versus 24.7% for the fourth quarter of 2023.

    Cash, cash equivalents, and investments were $182.8 million with no debt at December 31, 2024.

    Assets Under Management

    (In millions)   As of  
        December 31,
    2024
      September 30,
    2024
      December 31,
    2023
     
                   
    Mutual Funds   $ 8,078   $ 8,440   $ 7,973  
    Closed-end Funds     7,344     7,459     7,097  
    Institutional & PWM (a) (b)     10,700     10,984     10,738  
    SICAV (c)     9     9     631  
    Total Equities     26,131     26,892     26,439  
                   
    100% U.S. Treasury Money Market Fund     5,552     5,268     4,615  
    Institutional & PWM Fixed Income     32     32     32  
    Total Treasuries & Fixed Income     5,584     5,300     4,647  
    Total Assets Under Management   $ 31,715   $ 32,192   $ 31,086  
                   
    (a) Includes $242, $278, and $370 of AUM subadvised for Teton Advisors, Inc. at December 31, 2024, September 30,  
    2024, and December 31, 2023, respectively.            
    (b) Includes $237, $212, and $227 of 100% U.S. Treasury Money Market Fund AUM at December 31, 2024,  
    September 30, 2024, and December 31, 2023, respectively.          
    (c) Includes $0, $0, and $620 of the SICAV AUM subadvised by Associated Capital Group, Inc. at December 31, 2024,  
    September 30, 2024, and December 31, 2023, respectively.          
                   

    Assets under management on December 31, 2024 were $31.7 billion, a decrease of 1.6% from the $32.2 billion on September 30, 2024. The quarter’s decrease consisted of net market depreciation of $0.2 billion, net outflows of $0.2 billion, and distributions, net of reinvestments, of $0.1 billion.

    Mutual Funds

    Assets under management in Mutual Funds on December 31, 2024 were $8.1 billion, a decrease of 4.3% from the $8.4 billion at September 30, 2024. The quarterly change was attributed to:

    • Distributions, net of reinvestment, of $27 million;
    • Net outflows of $209 million; and
    • Net market depreciation of $126 million.

    Closed-end Funds

    Assets under management in Closed-end Funds on December 31, 2024 were $7.3 billion, a decrease of 1.5% from the $7.5 billion on September 30, 2024. The quarterly change was comprised of:

    • Distributions, net of reinvestment, of $129 million;
    • Net inflows of $169 million, including the issuance of $150 million preferred shares, the issuance of $62 million common shares less the redemption of $30 million of preferred shares, and the repurchase of $13 million of common stock ; and
    • Net market depreciation of $155 million.

    Institutional & PWM

    Assets under management in Institutional & PWM on December 31, 2024 were $10.7 billion, a decrease of 0.9% from the $10.8 billion on December 31, 2023. The quarterly change was due to:

    • Net outflows of $345 million; and
    • Net market appreciation of $61 million.

    SICAV

    Assets under management were $9 million in the GAMCO All Cap Value sleeve and the GAMCO Convertible Securities sleeve on December 31, 2024 versus $11 million in those sleeves at December 31, 2023.

    100% U.S. Treasury Money Market Fund

    Assets under management in our 100% U.S. Treasury Money Market Fund (GABXX) on December 31, 2024 were $5.6 billion, up from $5.3 billion at September 30, 2024.

    The Gabelli Growth Fund – Up 35.8% For 2024

    The Growth team of Howard Ward, CFA, and John Belton, CFA, commented on The Gabelli Growth Fund’s 2024 performance:

    “The environment remained favorable for growth stocks in 2024, underpinned by a resilient economy and the start of a Federal Reserve interest rate cutting cycle. Earnings growth accelerated for many US companies, aided by healthy consumer spending trends, robust technology investments, and continued cost discipline. Artificial Intelligence (AI) remained a key stock market theme, as capital expenditure plans across the hyperscale cloud computing group reached astronomical levels, and given a host of new AI-centric business models which have started to take shape. To date, this technology appears to be making some of the strongest companies, stronger, and to that end we maintained positions in many of the largest AI beneficiaries including NVIDIA, Microsoft, Amazon, Alphabet and Meta Platforms. This group remains a cornerstone of our portfolio, and as of year-end more than half of the portfolio’s assets are invested across the Technology Sector as a whole. Outside of the Megacap Tech group, top performers to performance this year included Eli Lilly (boosted by continued success across an industry-leading incretin drug portfolio), ServiceNow (which is an early leader in AI software commercialization) and Intuitive Surgical.”

    The Gabelli Gold Fund – Up 15.2% For 2024

    Portfolio manager Caesar Bryan commented on The Gabelli Gold Fund’s 2024 performance:

    “Gold performed strongly for the second consecutive year largely driven by overseas central bank purchases. However, gold equities underperformed the gold price. Recently the rise in the gold price has not been fully reflected in the profit margins of gold mining companies. This has largely been due to cost pressures emanating from a variety of sources, exacerbated by covid. But we believe the market may be too pessimistic concerning both cost pressures which are diminishing and enhanced revenues from a higher gold price. Gold equities are inexpensive relative to their history and on an absolute basis. But a catalyst is needed to alter investor perception. This could be gold backed ETFs adding ounces reflecting a recovery in investor interest in the sector, a decline in other asset markets which may highlight gold as a portfolio diversifier, increased takeover activity or simply continued strength in the gold price. Some of our smaller gold producers such as Lundin Gold and Wesdome Gold Mines, had stellar returns. Among our larger producers Kinross and Agnico Eagle contributed significantly to performance. We continue to favor mid capitalization gold producers with good assets that trade at a big discount to some of the larger producers.”

    The Gabelli Small Cap Growth Fund

    We utilize our own in-house team of over 40 industry equity analysts and portfolio managers to analyze the stocks in the fund, using our bottom-up research-intensive process and, more importantly, our accumulated and compounded knowledge of selected industry sectors. We use GAPIC – gather, array, project, interpret, and communicate data daily. We have consistently applied our Private Market Value with a Catalyst approach to help generate our long-term returns since the inception of the fund in 1991.

    ETFs

    In 2024, Gabelli Growth Innovators (NYSE: GGRW), managed by Howard Ward and John Belton, generated a 41.8% total return, the Gabelli Financial Services Opportunities ETF (NYSE: GABF), led by Macrae Sykes, produced a 44.6% total return, and the Gabelli Commercial Aerospace & Defense ETF (NYSE: GCAD), managed by Lieutenant Colonel G. Anthony (Tony) Bancroft, USMCR returned 22.2%. The firm launched its first active ETF, the Gabelli Love Our Planet & People ETF (NYSE: LOPP) in January 2021 to extend the tax benefits of owning exchange traded funds to our investors. Since the initial launch, the Gabelli platform has steadily grown the differentiated suite of ETFs. We are pleased with the client adoption progress and excited about this growth area of the market and positioning of these unique funds supported by our investment team. To accelerate the growth of these funds, each of the funds (with the exception of GGRW) has fee and expense waivers on the first $25 million of assets, whereas LOPP has a fee and expense waiver for the first $100 million of assets under management.

    Assets Under Administration

    (In millions)   As of  
        December 31,
    2024
      September 30,
    2024
      December 31,
    2023
     
                   
    Teton-Keeley Funds (a)   $ 809   $ 883   $ 964  
    SICAV     408     431     –  
    Total Assets Under Administration $ 1,217   $ 1,314   $ 964  
                   
    (a) Includes $242, $278 and $370 of AUM subadvised for Teton Advisors, Inc. at  
         December 31, 2024, September 30, 2024 and December 31, 2023, respectively.  
                   

    AUA on December 31, 2024 were $1.2 billion, a slight decline from the $1.3 billion at September 30, 2024.

    Return to Shareholders

    During the fourth quarter of 2024, Gabelli returned to shareholders $86 million in the form of a special dividend of $2.00 per share totaling $50.5 million that was declared in the third quarter of 2024, the repurchase of 1,304,358 shares for $34.4 million at an average investment of $26.37 per share, and a regular quarterly dividend of $0.04 per share totaling $1.0 million. From January 1, 2025 to February 4, 2025, the Company has repurchased 12,971 shares at an average price of $23.95 per share for an aggregate purchase price of approximately $0.3 million. On February 4, 2025, the board of directors increased the buyback authorization to 1.5 million shares.

    On February 4, 2025, Gabelli’s board of directors declared a regular quarterly dividend of $0.08 per share, an increase of 100%, which is payable on March 25, 2025 to class A and class B shareholders of record on March 11, 2025.

    Balance Sheet Information 

    As of December 31, 2024, cash, cash equivalents, and U.S Treasury Bills were $116.5 million and investments were $66.3 million, compared with cash, cash equivalents, and U.S. Treasury Bills of $160.8 million and investments of $44.1 million as of December 31, 2023. As of December 31, 2024, stockholders’ equity was $136.6 million compared to $181.0 million as of December 31, 2023. The decline in stockholders’ equity resulted from the payment of $59.5 million in dividends, $49.3 million of stock buybacks, offset partially by $64.4 million in net income.

    Symposiums/Conferences

    • On November 4th and 5th, we hosted the 48th Annual Automotive Aftermarket Symposium at the Encore at Wynn in Las Vegas. The symposium featured presentations from senior management of leading automotive and trucking companies, with a lineup that enabled investors to understand everchanging dynamics within the automotive industry.
       
    • On November 15th, we hosted the 6th Annual Healthcare Symposium in connection with Columbia Business School.
       
    • On December 5th, we hosted the 2nd Section 852(b)(6) Conference.
       
    • In addition to the above, we hosted the following during 2024:
       
      • 34th Pump, Valve & Water Systems Symposium
      • 30th Aerospace & Defense Symposium
      • 18th Omaha Research Trip
      • 16th Media & Entertainment Symposium
      • 15th Specialty Chemicals Symposium
      • 10th Waste & Environmental Services Conference
      • 2nd PFAS Symposium

    We are hosting the following symposiums and conferences in 2025:

    About Gabelli

    Gabelli is best known for its research-driven value approach to equity investing (known as PMV with a CatalystTM). Gabelli conducts its investment advisory business principally through two subsidiaries: Gabelli Funds, LLC (24 open-end funds, 14 closed-end funds, 5 actively managed ETFs, and a SICAV) and GAMCO Asset Management Inc. (approximately 1,400 institutional and private wealth separate accounts). Gabelli serves a broad client base including institutions, intermediaries, offshore investors, private wealth, and direct retail investors. In recent years, Gabelli has successfully integrated new teams of RIAs by providing attractive compensation arrangements and extensive research capabilities. As we stated in the past, Gabelli continues to look for new acquisitions / lift-outs and will pay finder’s fees for successful opportunities.

    Gabelli offers a wide range of solutions for clients across Value and Growth Equity, Convertibles, actively managed ETFs, sector-focused strategies including Gold and Utilities, Merger Arbitrage, Fixed Income, and 100% U.S. Treasury Money Market.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

    Our disclosure and analysis in this press release, which do not present historical information, contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, the economy, and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

    Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that may cause our actual results to differ from our expectations include risks associated with the duration and scope of the ongoing coronavirus pandemic resulting in volatile market conditions, a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, and a general downturn in the economy that negatively impacts our operations. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Annual Report and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law.

    Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    Investors should carefully consider the investment objectives, risks, charges and expenses of the fund before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call 800 GABELLI or visit www.gabelli.com
    Fitch rating drivers include: credit quality, interest rate risk, liquid assets, maturity profiles, and the capabilities of the investment advisor

    Active Transparent Exchange-Traded Funds
    GABELLI FINANCIAL SERVICES OPPORTUNITIES: GABF

    IMPORTANT DISCLOSURES

    • Shares of this ETF are bought and sold at market prices (not NAV) and are not individually redeemed from the fund.
    • Buying or selling ETF shares may require additional fees such as brokerage commissions, which will reduce returns.
    • These traditional risks may be even greater in challenging or uncertain market conditions.
    • Financial service companies operate in heavily regulated industries, which are subject to change. The underlying securities are subject to credit and interest rate sensitivity risk, which could affect earnings. Additionally, since financial services firms are correlated to GDP, a decline in the economic environment could impact profitability.

    Active Exchange-Traded Funds
    GABELI LOVE OUR PLANET & PEOPLE: LOPP
    GABELLI GROWTH INNOVATORS: GGRW
    GABELLI COMMERCIAL AEROSPACE & DEFENSE: GCAD

    IMPORTANT DISCLOSURES
    These ETFs are different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. These ETFs do not. This may create additional risks for your investment. For example:
    • You may have to pay more money to trade the ETFs’ shares. These ETFs will provide less information to traders, who tend to charge more for trades when they have less information.
    • The price you pay to buy ETF shares on an exchange may not match the value of an ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for these ETFs compared to other ETFs because they provide less information to traders.
    • These additional risks may be even greater in challenging or uncertain market conditions.
    • The differences between these ETFs and other ETFs may also have advantages. By keeping certain information about the ETFs undisclosed, these ETFs may face less risk that other traders can predict or copy its investment strategy. This may improve the ETFs’ performance. If other traders are able to copy or predict the ETFs’ investment strategies, however, this may hurt the ETFs’ performance. For additional information regarding the unique attributes and risks of these ETFs, see the ActiveShares prospectus/registration statement.

    You should consider the ETFs’ investment objectives, risks, charges and expenses carefully before you invest. The ETFs’ Prospectus is available from G.distributors, LLC, a registered broker-dealer and FINRA member firm, and contains this and other information about the ETFs, and should be read carefully before investing.

    GABF
    Financial services companies operate in heavily regulated industries, which are subject to change. The underlying securities are subject to credit and interest rate sensitivity risk, which could impact earnings. Additionally, since financial services firms are correlated to GDP, a decline in the economic environment could impact profitability.

    GGRW
    Securities of growth companies may be more volatile since such companies usually invest a high portion of earnings in their business, and they may lack the dividends of value stocks that can cushion stock prices in a falling market.

    GCAD
    Government aerospace regulation and spending policies can significantly affect the aerospace industry because many companies involved in the aerospace industry rely to a large extent on U.S. (and other) Government demand for their products and services.

    LOPP
    The application of the Adviser’s socially responsible criteria will affect the Fund’s exposure to certain issuers, industries, sectors, regions, and countries, and may impact the relative financial performance of the Fund.

    Money Market Fund
    Investment in the fund is neither guaranteed nor insured by the Federal Deposit Insurance Corporation or any government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. You could lose money by investing in the fund.

    Growth
    Securities of growth companies may be more volatile since such companies usually invest a high portion of earnings in their business, and they may lack the dividends of value stocks that can cushion stock prices in a falling market.

    As of December 31, 2024, GAMI and affiliates owned less than one percent of all stocks mentioned in the Growth Fund.

    Gold
    Investments related to gold and other precious metals and minerals are considered speculative and are affected by a variety of worldwide economic, financial, and political factors. Investing in foreign securities involves risks not ordinarily associated with investment in domestic issues. Funds concentrating in specific sectors may experience greater fluctuations in value than funds that are more diversified. Not FDIC Insured. Not Bank Guaranteed. May Lose Value.

    As of December 31, 2024, GAMI and affiliates owned less than one percent of all stocks mentioned in the Gold Fund.

    Small Cap
    Small capitalization stocks are subject to significant price fluctuations and business risks. The stocks of smaller companies may trade less frequently and experience more abrupt price movements than stocks of larger companies; therefore, investing in this sector involves special challenges.

    Returns represent past performance and do not guarantee future results. Investment returns and the principal value of an investment will fluctuate. When shares are redeemed, they may be worth more or less than their original cost. Current performance may be lower or higher than the performance data presented. Visit www.gabelli.com for performance information as of the most recent month end.

    GAMCO Investors, Inc. and Subsidiaries              
    Condensed Consolidated Statements of Operations (Unaudited)        
    (in thousands, except per share data)              
        Three Months Ended  
        December 31,
    2024
      September 30,
    2024
      December 31,
    2023
     
    Revenue:              
      Investment advisory and incentive fees   $ 55,502     $ 53,829     $ 53,001    
      Distribution fees and other income     3,760       3,717       4,312    
         Total revenue     59,262       57,546       57,313    
    Expenses:              
      Compensation     26,593       22,566       27,316    
      Management fee     2,512       2,517       2,444    
      Distribution costs     5,634       6,033       5,848    
      Other operating expenses     5,370       4,801       5,909    
        Total expenses     40,109       35,917       41,517    
    Operating income     19,153       21,629       15,796    
    Non-operating income:              
      Gain from investments, net     644       3,370       3,529    
      Interest and dividend income     3,090       2,947       2,951    
      Interest expense     (282 )     (290 )     (281 )  
      Charitable giving contribution     –       (5,000 )     –    
        Total non-operating income     3,452       1,027       6,199    
    Income before provision for income taxes     22,605       22,656       21,995    
    Provision for income taxes     5,808       5,822       5,435    
    Net income   $ 16,797     $ 16,834     $ 16,560    
                   
    Earnings per share attributable to common            
    stockholders:              
      Basic   $ 0.70     $ 0.69     $ 0.66    
      Diluted   $ 0.70     $ 0.69     $ 0.66    
                   
    Weighted average shares outstanding:              
      Basic     23,971       24,263       25,038    
      Diluted     23,971       24,263       25,038    
                   
      Shares outstanding     22,930       24,235       24,906    
                   
    GAMCO Investors, Inc. and Subsidiaries          
    Condensed Consolidated Statements of Financial Condition (Unaudited)      
    (in thousands)          
           
        December 31,   December 31,  
        2024   2023  
    Assets          
      Cash and cash equivalents   $ 17,254   $ 61,801  
      Short-term investments in U.S. Treasury Bills     99,216     99,025  
      Investments in securities     36,855     19,998  
      Seed capital investments     29,452     24,044  
      Receivable from brokers     3,103     4,562  
      Other receivables     21,246     21,178  
      Deferred tax asset and income tax receivable     7,553     8,927  
      Other assets     9,509     9,896  
         Total assets   $ 224,188   $ 249,431  
               
    Liabilities and stockholders’ equity          
      Income taxes payable   $ 196   $ 17  
      Compensation payable     38,489     23,399  
      Accrued expenses and other liabilities     48,929     45,036  
        Total liabilities     87,614     68,452  
               
      Stockholders’ equity     136,574     180,979  
         Total liabilities and stockholders’ equity   $ 224,188   $ 249,431  
               
      Shares outstanding     22,930     24,906  
               
    GAMCO Investors, Inc. and Subsidiaries                    
    Assets Under Management                      
    By investment vehicle                      
    (in millions)                      
          Three Months Ended   % Changed From  
          December 31,   September 30,   December 31,   September 30,   December 31,  
           2024     2024     2023    2024    2023   
    Equities:                      
    Mutual Funds                      
    Beginning of period assets   $ 8,440     $ 8,035     $ 7,546            
      Inflows     211       175       153            
      Outflows     (420 )     (415 )     (451 )          
      Net inflows (outflows)     (209 )     (240 )     (298 )          
      Market appreciation (depreciation)     (126 )     652       744            
      Fund distributions, net of reinvestment     (27 )     (7 )     (19 )          
      Total increase (decrease)     (362 )     405       427            
    Assets under management, end of period   $ 8,078     $ 8,440     $ 7,973     -4.3 %   1.3 %  
    Percentage of total assets under management     25.5 %     26.2 %     25.6 %          
    Average assets under management   $ 8,447     $ 8,177     $ 7,593     3.3 %   11.2 %  
                             
    Closed-end Funds                      
    Beginning of period assets   $ 7,459     $ 7,052     $ 6,727            
      Inflows     212       25       16            
      Outflows     (43 )     (32 )     (63 )          
      Net inflows (outflows)     169       (7 )     (47 )          
      Market appreciation (depreciation)     (155 )     540       544            
      Fund distributions, net of reinvestment     (129 )     (126 )     (127 )          
      Total increase (decrease)     (115 )     407       370            
    Assets under management, end of period     7,344     $ 7,459     $ 7,097     -1.5 %   3.5 %  
    Percentage of total assets under management     23.2 %     23.2 %     22.8 %          
    Average assets under management   $ 7,610     $ 7,260     $ 6,785     4.8 %   12.2 %  
                             
    Institutional & PWM                      
    Beginning of period assets   $ 10,984     $ 10,436     $ 10,034            
      Inflows     62       87       63            
      Outflows     (407 )     (373 )     (371 )          
      Net inflows (outflows)     (345 )     (286 )     (308 )          
      Market appreciation (depreciation)     61       834       1,012            
      Total increase (decrease)     (284 )     548       704            
    Assets under management, end of period   $ 10,700     $ 10,984     $ 10,738     -2.6 %   -0.4 %  
    Percentage of total assets under management     33.7 %     34.1 %     34.5 %          
    Average assets under management   $ 11,085     $ 10,905     $ 10,005     1.7 %   10.8 %  
                             
    SICAV                      
    Beginning of period assets   $ 9     $ 9     $ 622            
      Inflows     –       –       82            
      Outflows     –       –       (110 )          
      Net inflows (outflows)     –       –       (28 )          
      Market appreciation (depreciation)     –       –       37            
      Total increase (decrease)     –       –       9            
    Assets under management, end of period   $ 9     $ 9     $ 631     0.0 %   -98.6 %  
    Percentage of total assets under management     0.0 %     0.0 %     2.0 %          
    Average assets under management   $ 9     $ 9     $ 628     0.0 %   -98.6 %  
                             
    Total Equities                      
    Beginning of period assets   $ 26,892     $ 25,532     $ 24,929            
      Inflows     485       287       314            
      Outflows     (870 )     (820 )     (995 )          
      Net inflows (outflows)     (385 )     (533 )     (681 )          
      Market appreciation (depreciation)     (220 )     2,026       2,337            
      Fund distributions, net of reinvestment     (156 )     (133 )     (146 )          
      Reclassification to AUA     –       –       –            
      Total increase (decrease)     (761 )     1,360       1,510            
    Assets under management, end of period   $ 26,131     $ 26,892     $ 26,439     -2.8 %   -1.2 %  
    Percentage of total assets under management     82.4 %     83.5 %     85.1 %          
    Average assets under management   $ 27,151     $ 26,351     $ 25,011     3.0 %   8.6 %  
                             
                             
    GAMCO Investors, Inc. and Subsidiaries                    
    Assets Under Management                      
    By investment vehicle – continued                      
    (in millions)                      
          Three Months Ended   % Changed From  
          December 31,   September 30,   December 31,   September 30,   December 31,  
           2024     2024     2023    2024    2023   
    Fixed Income:                      
    100% U.S. Treasury fund                      
    Beginning of period assets   $ 5,268     $ 5,159     $ 4,217            
      Inflows     1,656       1,245       1,424            
      Outflows     (1,440 )     (1,205 )     (1,088 )          
      Net inflows (outflows)     216       40       336            
      Market appreciation (depreciation)     68       69       62            
      Total increase (decrease)     284       109       398            
    Assets under management, end of period   $ 5,552     $ 5,268     $ 4,615     5.4 %   20.3 %  
    Percentage of total assets under management     17.5 %     16.4 %     14.8 %          
    Average assets under management   $ 5,415     $ 5,246     $ 4,418     3.2 %   22.6 %  
                             
    Institutional & PWM Fixed Income                      
    Beginning of period assets   $ 32     $ 32     $ 32            
      Inflows     –       –       –            
      Outflows     –       –       –            
      Net inflows (outflows)     –       –       –            
      Market appreciation (depreciation)     –       –       –            
      Total increase (decrease)     –       –       –            
    Assets under management, end of period   $ 32     $ 32     $ 32     0.0 %   0.0 %  
    Percentage of total assets under management     0.1 %     0.1 %     0.1 %          
    Average assets under management   $ 32     $ 32     $ 32     0.0 %   0.0 %  
                             
    Total Treasuries & Fixed Income                      
    Beginning of period assets   $ 5,300     $ 5,191     $ 4,249            
      Inflows     1,656       1,245       1,424            
      Outflows     (1,440 )     (1,205 )     (1,088 )          
      Net inflows (outflows)     216       40       336            
      Market appreciation (depreciation)     68       69       62            
      Total increase (decrease)     284       109       398            
    Assets under management, end of period   $ 5,584     $ 5,300     $ 4,647     5.4 %   20.2 %  
    Percentage of total assets under management     17.6 %     16.5 %     14.9 %          
    Average assets under management   $ 5,447     $ 5,278     $ 4,450     3.2 %   22.4 %  
                             
    Total AUM                      
    Beginning of period assets   $ 32,192     $ 30,723     $ 29,178            
      Inflows     2,141       1,532       1,738            
      Outflows     (2,310 )     (2,025 )     (2,083 )          
      Net inflows (outflows)     (169 )     (493 )     (345 )          
      Market appreciation (depreciation)     (152 )     2,095       2,399            
      Fund distributions, net of reinvestment     (156 )     (133 )     (146 )          
      Reclassification to AUA     –       –       –            
      Total increase (decrease)     (477 )     1,469       1,908            
    Assets under management, end of period   $ 31,715     $ 32,192     $ 31,086     -1.5 %   2.0 %  
    Average assets under management   $ 32,598     $ 31,629     $ 29,461     3.1 %   10.6 %  
                             
    GAMCO Investors, Inc. and Subsidiaries            
    Assets Under Management              
    By investment vehicle              
    (in millions)              
          Twelve Months Ended    
          December 31,   December 31,      
           2024     2023    % Change  
    Equities:              
    Mutual Funds              
    Beginning of period assets   $ 7,973     $ 8,140        
      Inflows     751       711        
      Outflows     (1,626 )     (1,616 )      
      Net inflows (outflows)     (875 )     (905 )      
      Market appreciation (depreciation)     1,023       772        
      Fund distributions, net of reinvestment     (43 )     (34 )      
      Total increase (decrease)     105       (167 )      
    Assets under management, end of period   $ 8,078     $ 7,973     1.3 %  
    Percentage of total assets under management     25.5 %     25.6 %      
    Average assets under management   $ 8,173     $ 8,035     1.7 %  
                     
    Closed-end Funds              
    Beginning of period assets   $ 7,097     $ 7,046        
      Inflows     281       41        
      Outflows     (226 )     (130 )      
      Net inflows (outflows)     55       (89 )      
      Market appreciation (depreciation)     700       654        
      Fund distributions, net of reinvestment     (508 )     (514 )      
      Total increase (decrease)     247       51        
    Assets under management, end of period   $ 7,344     $ 7,097     3.5 %  
    Percentage of total assets under management     23.2 %     22.8 %      
    Average assets under management   $ 7,274     $ 7,058     3.1 %  
                     
    Institutional & PWM              
    Beginning of period assets   $ 10,738     $ 10,714        
      Inflows     340       241        
      Outflows     (1,701 )     (1,739 )      
      Net inflows (outflows)     (1,361 )     (1,498 )      
      Market appreciation (depreciation)     1,323       1,522        
      Total increase (decrease)     (38 )     24        
    Assets under management, end of period   $ 10,700     $ 10,738     -0.4 %  
    Percentage of total assets under management     33.7 %     34.5 %      
    Average assets under management   $ 10,891     $ 10,670     2.1 %  
                     
    SICAV              
    Beginning of period assets   $ 631     $ 867        
      Inflows     –       357        
      Outflows     (2 )     (624 )      
      Net inflows (outflows)     (2 )     (267 )      
      Market appreciation (depreciation)     –       31        
      Reclassification to AUA     (620 )     –        
      Total increase (decrease)     (622 )     (236 )      
    Assets under management, end of period   $ 9     $ 631     -98.6 %  
    Percentage of total assets under management     0.0 %     2.0 %      
    Average assets under management   $ 9     $ 694     -98.7 %  
                     
    Total Equities              
    Beginning of period assets   $ 26,439     $ 26,767        
      Inflows     1,372       1,350        
      Outflows     (3,555 )     (4,109 )      
      Net inflows (outflows)     (2,183 )     (2,759 )      
      Market appreciation (depreciation)     3,046       2,979        
      Fund distributions, net of reinvestment     (551 )     (548 )      
      Reclassification to AUA     (620 )     –        
      Total increase (decrease)     (308 )     (328 )      
    Assets under management, end of period   $ 26,131     $ 26,439     -1.2 %  
    Percentage of total assets under management     82.4 %     85.1 %      
    Average assets under management   $ 26,347     $ 26,457     -0.4 %  
                     
                     
    GAMCO Investors, Inc. and Subsidiaries            
    Assets Under Management              
    By investment vehicle – continued              
    (in millions)              
          Twelve Months Ended    
          December 31,   December 31,      
           2024     2023    % Change  
    Fixed Income:              
    100% U.S. Treasury fund              
    Beginning of period assets   $ 4,615     $ 2,462        
      Inflows     5,796       5,498        
      Outflows     (5,122 )     (3,536 )      
      Net inflows (outflows)     674       1,962        
      Market appreciation (depreciation)     263       191        
      Total increase (decrease)     937       2,153        
    Assets under management, end of period   $ 5,552     $ 4,615     20.3 %  
    Percentage of total assets under management     17.5 %     14.8 %      
    Average assets under management   $ 5,140     $ 3,823     34.4 %  
                     
    Institutional & PWM Fixed Income              
    Beginning of period assets   $ 32     $ 32        
      Inflows     –       –        
      Outflows     –       –        
      Net inflows (outflows)     –       –        
      Market appreciation (depreciation)     –       –        
      Total increase (decrease)     –       –        
    Assets under management, end of period   $ 32     $ 32     0.0 %  
    Percentage of total assets under management     0.1 %     0.1 %      
    Average assets under management   $ 32     $ 32     0.0 %  
                     
    Total Treasuries & Fixed Income              
    Beginning of period assets   $ 4,647     $ 2,494        
      Inflows     5,796       5,498        
      Outflows     (5,122 )     (3,536 )      
      Net inflows (outflows)     674       1,962        
      Market appreciation (depreciation)     263       191        
      Total increase (decrease)     937       2,153        
    Assets under management, end of period   $ 5,584     $ 4,647     20.2 %  
    Percentage of total assets under management     17.6 %     14.9 %      
    Average assets under management   $ 5,172     $ 3,855     34.2 %  
                     
    Total AUM              
    Beginning of period assets   $ 31,086     $ 29,261        
      Inflows     7,168       6,848        
      Outflows     (8,677 )     (7,645 )      
      Net inflows (outflows)     (1,509 )     (797 )      
      Market appreciation (depreciation)     3,309       3,170        
      Fund distributions, net of reinvestment     (551 )     (548 )      
      Reclassification to AUA     (620 )     –        
      Total increase (decrease)     629       1,825        
    Assets under management, end of period   $ 31,715     $ 31,086     2.0 %  
    Average assets under management   $ 31,519     $ 30,312     4.0 %  
                     
    Contact: Kieran Caterina
      Chief Accounting Officer
      (914) 921-5149
       
      For further information please visit
      www.gabelli.com 

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/67be43da-4ba8-4a8b-adfc-6568958b2c5f
    https://www.globenewswire.com/NewsRoom/AttachmentNg/184b5374-0f9b-4bf5-a782-689155142d7e

    The MIL Network –

    February 5, 2025
  • MIL-Evening Report: OpenAI says DeepSeek ‘inappropriately’ copied ChatGPT – but it’s facing copyright claims too

    Source: The Conversation (Au and NZ) – By Lea Frermann, Senior Lecturer in Natural Language Processing, The University of Melbourne, The University of Melbourne

    TA Design/Shutterstock

    Until a few weeks ago, few people in the Western world had heard of a small Chinese artificial intelligence (AI) company known as DeepSeek. But on January 20, it captured global attention when it released a new AI model called R1.

    R1 is a “reasoning” model, meaning it works through tasks step by step and details its working process to a user. It is a more advanced version of DeepSeek’s V3 model, which was released in December. DeepSeek’s new offering is almost as powerful as rival company OpenAI’s most advanced AI model o1, but at a fraction of the cost.

    Within days, DeepSeek’s app surpassed ChatGPT in new downloads and set stock prices of tech companies in the United States tumbling. It also led OpenAI to claim that its Chinese rival had effectively pilfered some of the crown jewels from OpenAI’s models to build its own.

    In a statement to the New York Times, the company said:

    We are aware of and reviewing indications that DeepSeek may have inappropriately distilled our models, and will share information as we know more. We take aggressive, proactive countermeasures to protect our technology and will continue working closely with the US government to protect the most capable models being built here.

    The Conversation approached DeepSeek for comment, but it did not respond.

    But even if DeepSeek copied – or, in scientific parlance, “distilled” – at least some of ChatGPT to build R1, it’s worth remembering that OpenAI also stands accused of disrespecting intellectual property while developing its models.

    What is distillation?

    Model distillation is a common machine learning technique in which a smaller “student model” is trained on predictions of a larger and more complex “teacher model”.

    When completed, the student may be nearly as good as the teacher but will represent the teacher’s knowledge more effectively and compactly.

    To do so, it is not necessary to access the inner workings of the teacher. All one needs to pull off this trick is to ask the teacher model enough questions to train the student.

    This is what OpenAI claims DeepSeek has done: queried OpenAI’s o1 at a massive scale and used the observed outputs to train DeepSeek’s own, more efficient models.

    A fraction of the resources

    DeepSeek claims that both the training and usage of R1 required only a fraction of the resources needed to develop their competitors’ best models.

    There are reasons to be sceptical of some of the company’s marketing hype – for example, a new independent report suggests the hardware spend on R1 was as high as US$500 million. But even so, DeepSeek was still built very quickly and efficiently compared with rival models.

    This might be because DeepSeek distilled OpenAI’s output. However, there is currently no method to prove this conclusively. One method that is in the early stages of development is watermarking AI outputs. This adds invisible patterns to the outputs, similar to those applied to copyrighted images. There are various ways to do this in theory, but none is effective or efficient enough to have made it into practice.

    There are other reasons that help explain DeepSeek’s success, such as the company’s deep and challenging technical work.

    The technical advances made by DeepSeek included taking advantage of less powerful but cheaper AI chips (also called graphical processing units, or GPUs).

    DeepSeek had no choice but to adapt after the US has banned firms from exporting the most powerful AI chips to China.

    While Western AI companies can buy these powerful units, the export ban forced Chinese companies to innovate to make the best use of cheaper alternatives.

    The US has banned the export of the most powerful computer chips to China.
    Nor Gal/Shutterstock

    A series of lawsuits

    OpenAI’s terms of use explicitly state nobody may use its AI models to develop competing products. However, its own models are trained on massive datasets scraped from the web. These datasets contained a substantial amount of copyrighted material, which OpenAI says it is entitled to use on the basis of “fair use”:

    Training AI models using publicly available internet materials is fair use, as supported by long-standing and widely accepted precedents. We view this principle as fair to creators, necessary for innovators, and critical for US competitiveness.

    This argument will be tested in court. Newspapers, musicians, authors and other creatives have filed a series of lawsuits against OpenAI on the grounds of copyright infringement.

    Of course, this is quite distinct to what OpenAI accuses DeepSeek of doing. Nevertheless OpenAI isn’t attracting much sympathy for its claim that DeepSeek illegitimately harvested its model output.

    The war of words and lawsuits is an artefact of how the rapid advance of AI has outpaced the development of clear legal rules for the industry. And while these recent events might reduce the power of AI incumbents, much hinges on the outcome of the various ongoing legal disputes.

    Shaking up the global conversation

    DeepSeek has shown it is possible to develop state-of-the-art models cheaply and efficiently. Whether they can compete with OpenAI on a level playing field remains to be seen.

    Over the weekend, OpenAI attempted to demonstrate its supremacy by publicly releasing its most advanced consumer model, o3-mini.

    OpenAI claims this model substantially outperforms even its own previous market-leading version, o1, and is the “most cost-efficient model in our reasoning series”.

    These developments herald an era of increased choice for consumers, with a diversity of AI models on the market. This is good news for users: competitive pressures will make models cheaper to use.

    And the benefits extend further.

    Training and using these models places a massive strain on global energy consumption. As these models become more ubiquitous, we all benefit from improvements to their efficiency.

    DeepSeek’s rise certainly marks new territory for building models more cheaply and efficiently. Perhaps it will also shake up the global conversation on how AI companies should collect and use their training data.

    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. OpenAI says DeepSeek ‘inappropriately’ copied ChatGPT – but it’s facing copyright claims too – https://theconversation.com/openai-says-deepseek-inappropriately-copied-chatgpt-but-its-facing-copyright-claims-too-248863

    MIL OSI Analysis – EveningReport.nz –

    February 5, 2025
  • MIL-OSI Global: How AI imagery could be used to develop fake archaeology

    Source: The Conversation – UK – By Colleen Morgan, Senior Lecturer in Digital Archaeology and Heritage, University of York

    Generative AI is often seen as the epitome of our times, and sometimes even as futuristic. We can use it to invent new art or technology, analyse emerging data, or simulate people, places and things. But interestingly, it is also having an impact on how we view the past.

    AI imagery has already been used to illustrate popular articles, such as covering scientific discoveries about Neanderthals. It was employed to animate the Mesolithic period (from about 9,000 to 4,300 years ago) in a museum. TikTok users have adopted it to make realistic short videos about archaeology and history. It’s even been used in a TV documentary about Stonehenge.

    Yet there are many issues with using AI imagery in archaeology – some of which are also found more broadly within generative AI use. These include its environmental impact and the violation of intellectual property (using training data created by humans).

    But others are more specific to archaeology. As an academic who has worked extensively on “resurrecting” the past through digital technology, generative AI has both fascinating potential and enormous risk for archaeological misrepresentation.

    Even before the use of AI, it was widely accepted within archaeology that visualisations of the past are highly fraught and should be treated with extreme caution. For example, archaeologist Stephanie Moser examined 550 reconstructions published in academic and popular texts on human evolution. Her review found highly biased depictions, such as only males hunting, making art and tools and performing rituals, while women were in more passive roles.

    A similar study by Diane Gifford-Gonzalez revealed that “not one of 231 depictions of prehistoric males shows a man touching a child, woman, or an older person of either sex … no child is ever shown doing useful work.” These reconstructions do not reflect scientists’ nuanced understanding of the past. We know humans organised themselves in an incredible array of variety, with a multitude of gender roles and self-expression.

    A recent DNA-based study, for example, showed that women were actually at the centre of societies in the iron age.

    The stakes of representation in archaeology are high. For example, the hotly-debated, dark-skinned reconstruction of “Cheddar Man”, originally found in south-west England, was based on ancient DNA analysis. It made headlines for disrupting the perception that all human ancestors in the north were light-skinned.

    Reconstructed head of the Cheddar Man based on the shape of his skull and DNA analysis, shown at the Natural History Museum in London.
    wikipedia, CC BY-SA

    This and similar controversies reveal the iconic power of reconstructions, their political implications, and their ability to shape our understanding of the past.

    While the Cheddar Man reconstruction demonstrates that research is iterative, such reconstructions are sticky. They have profound visual legacies and are not easily supplanted when new data becomes available.

    This is exacerbated as they are incorporated into generative AI data sets.
    Beyond the use of outmoded data, generative AI visualisations of the past can be extremely poor.

    Even when more plausible details are included, they can be seamlessly integrated with other highly inaccurate elements. For example, it is impossible for viewers to disentangle the data-led from the so-called hallucinations (mistakes) produced by AI.

    Highlighting uncertainty is of central importance and concern among archaeologists. Archaeological illustrator Simon James noted that reconstruction artists have used strategically placed clouds of smoke to obscure unknown elements.

    As a digital archaeologist, I have made virtual reconstructions of many different sites and subjects. I know there is often estimation and guesswork involved in making holistic representations.

    Indeed, photo-realistic accuracy is not always the paramount consideration in visualisation – particularly when exploring different hypotheses or addressing young audiences. But knowing what is backed by archaeological data and what is more speculative is key for authentic visual communication.

    Pseudoarchaeology

    This is particularly important at a time when pseudoarchaeology is increasingly prevalent in popular media, such as the Ancient Apocalypse show on Netflix. The celebrity host and author Graham Hancock asserts there was a lost ice age civilisation of Atlantis, with advanced technology. But this claim has been thoroughly repudiated by archaeologists.

    Arguably, hoaxes will be much easier to perpetuate using generative AI.
    Beyond the high potential for misinformation about archaeology, the use of generative AI for archaeological visualisations can actually be harmful for archaeological knowledge production.

    My research has shown that crafting reconstructions and illustrations in archaeology is incredibly important for understanding and interpreting the past. Creating visualisations based on science – and indeed soundscapes, smellscapes and other interpretations based on multiple senses – is very helpful for generating new questions.

    Drawing allows archaeologists to create more detailed mental models and therefore a better understanding of archaeological remains. By delegating this creation to AI, archaeologists lose a powerful tool for knowledge generation. Moreover, my collaborative work with artists has demonstrated the intriguing possibilities that creative approaches open up to tell new stories about the past.

    Even with all of these problems, I encourage an engaged, critical, applied approach to understanding the impact of digital technologies on our investigation of the past. And this includes exploring the uses of generative AI for archaeological visualisation.

    Archaeologists and non-specialists are able to leverage generative AI to creatively produce interpretive media. Indeed, some archaeologists are already exploring AI to generate hypotheses about ancient life. And we are teaching critical uses of AI to our archaeology students.

    But what remains imperative is that archaeologists engage with and critique all visualisations – both those created by generative AI and using other media.

    Colleen Morgan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. How AI imagery could be used to develop fake archaeology – https://theconversation.com/how-ai-imagery-could-be-used-to-develop-fake-archaeology-247838

    MIL OSI – Global Reports –

    February 5, 2025
  • MIL-OSI USA: Governor Polis Statement on New Deal Between Altitude Sports and Comcast

    Source: US State of Colorado

    DENVER – Today, Governor Polis released the following statement on the deal between Altitude Sports and Comcast, allowing more Coloradans to watch the Denver Nuggets and Colorado Avalanche.

    “After far too long a wait, Comcast and Altitude are finally putting Coloradans first, allowing us to watch our world-class Denver Nuggets and Colorado Avalanche. This means that more Colorado fans and kids can grow up watching the greatness of players like Nikola Jokic, Jamal Murray, Nathan McKinnon, Cale Makar and many others without their families jumping through hoops. I’m so excited that this new deal means getting to watch and cheer on our incredible Colorado teams,” said Governor Jared Polis.

    In 2019, Governor Polis sent a letter to Jim Martin, then President and CEO of Kroenke Sports & Entertainment, encouraging the company to reach a deal allowing Coloradans to watch their favorite teams at home on DISH and Comcast and has had several follow-up conversations with both sides.

    ###

    MIL OSI USA News –

    February 5, 2025
  • MIL-OSI Global: Emilia Pérez: the film’s wildly unrealistic representation of Mexican narco-violence and trans lives is insulting

    Source: The Conversation – UK – By Ailsa Peate, Lecturer in Latin American and Museum Studies, University of Westminster

    You would think that Jacques Audiard’s 13-time Oscar-nominated Emilia Pérez was the most watched film of the year given the discussion it has generated. The Mexican-set, French-made film’s opening weekend in Mexico tells a different story.

    Emilia Pérez sees the eponymous antagonist-heroine experience a transformation, undergoing gender-affirming procedures in order to leave behind her former dangerous, violent life as a cartel leader in Mexico.

    It came eighth at the box office in Mexico, which is hardly surprising. The effects of narco violence saw 613 murders and 626 disappearances between September and December 2024 in Sinaloa State in northwestern Mexico as its eponymous cartel’s factions fight for territory.

    Considering the context in which it was released, little positive noise has been made about Emilia Pérez within Mexico given its sensationalist, reductive representations of violence. Internationally, its representation of trans experiences has been criticised.

    Though well acted, it is thoughtless. The luxurious life Emilia lives as a trans woman is far detached from reality of most trans people in Mexico, where the average life expectancy for a trans person is 35.


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    We follow Rita Mora Castro (Zoe Saldaña), an underappreciated lawyer who works hard only for men to take the credit. Rita is hired by cartel head Juan “Manitas” del Monte (Karla Sofía Gascón) to find a surgeon for her transition to start again as Emilia Pérez. After the transition, Emilia has Manitas declared dead, leaving behind her mourning wife, Jessi (Selena Gómez) and their two young sons who she has relocated to Switzerland for their safety.

    After four years, Emilia tracks down Rita to have Jessi and the children moved back to Mexico, posing as Manitas’ distant relative. Emilia then works with Rita to launch a non-profit, “La Lucecita”, that helps the families of missing persons after Emilia becomes appalled by how many disappeared people there are in Mexico.

    Emilia’s immediate reaction to such social injustice demonstrates a naivety on Audiard’s part. Despite Manitas having destroyed lives, Emilia wants to dignify them. We are asked to believe that she had no idea about these wretched, miserable souls. But thankfully, Emilia’s “La Lucecita” is here to rescue them. The NGO will find the remains of the disappeared, making them visible again. Good thing Emilia made all that (drug) money to fund the work…

    Trailer for Emilia Pérez.

    The sheer unbelievability of Pérez not knowing about the violent reverberations of her work aside, I was gratified to see the disappeared of Mexico centralised in the film. The stories of Argentina, Chile, Uruguay, Guatemala and Colombia usually dominate when it comes to the consequences of human rights abuses in the region.

    Political prisoners, state terrorism, death flights and extrajudicial murders date back at least as far as the 1960s in Mexico, with the Indomitable Memory Museum in Mexico City doing fantastic work to highlight this history and dignify victims. In particular, the story of the Ayotzinapa 43, who were disappeared en route to Mexico City for an annual march against state corruption and human rights abuses in 2014.

    But, considering its direction, Emilia Pérez takes on a white saviour narrative and our heroine simply throws (drug) money at the problem. Audiard’s (admitted) lack of serious thought given to violence ,wealth and power in this context is laughable. Ask “searcher” groups, who go looking for the remains of their disappeared loved ones, like Las Rastredoras de El Fuerte to conjure up money for their work at a fancy gala (and watch I Called for You in Silence, a heartbreaking documentary on their struggles) and see what the reaction is.

    Emilia Pérez had the chance to add some nuance to the violence in Mexico today, to demonstrate that this does not exist in a vacuum. It had a chance to go beyond what the transfeminist philosopher Sayak Valencia and the expert in feminist visual culture Sonia Herrera Sánchez would term a kind of sensationalist, colonialist “pornomisery” to present gender fluidity and sexuality in a troubled and troubling context.

    I was disappointed. I found it impossible to watch the film without seeing constant instances of what Sayak Valencia deems gore capitalism in action. “Death has become the most profitable business in existence,” according to Valencia.

    She outlines that in the era of drug war Mexico (2006 to the present) power is the new capital in a moment where hyper-masculinity and levels of violence are out of control. The lifeless body signifies a capital of fear and power.

    Rather than Emilia Pérez forming any coherent commentary on this, the film contributes to it – how much will Audiard make from a film about bodies, what is done to them and how they are destroyed by Mexico’s drug war? How many awards? How much (more) power gained?

    Zoe Saldaña sings “El Mal” from Emilia Pérez.

    Bodily transition – from living to dead; from male to female – is a motif in the film, and one used as a lazy plot device. Emilia is no longer Manitas; in fact, she’s Manitas’ antithesis, who, therefore, does good for society. This dichotomy between “giving woman” and “violent man” only serves to perpetuate outdated views of womanhood. Karla Sofía Gascón was strong in this role, though I must ask why a Mexican trans actress couldn’t have played Pérez. For instance, Nava Mau of Baby Reindeer.

    We know that Emilia Pérez isn’t that bothered about nuance, being one reason the film has been so ripe for satire. It is a narco-telenovela-cum-queer musical from the perspective of a 72-year-old white French man.

    If you are looking for a show or film that does what Emilia Pérez should have, I can only recommend the one-off series Somos, a thoughtful take on the 2011 Allende massacre to temper such thoughtless representation.

    Ailsa Peate does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Emilia Pérez: the film’s wildly unrealistic representation of Mexican narco-violence and trans lives is insulting – https://theconversation.com/emilia-perez-the-films-wildly-unrealistic-representation-of-mexican-narco-violence-and-trans-lives-is-insulting-249066

    MIL OSI – Global Reports –

    February 5, 2025
  • MIL-OSI USA: Durbin Delivers Opening Statement During Senate Judiciary Committee Hearing On The Fentanyl Crisis

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    February 04, 2025

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, today delivered an opening statement during a Senate Judiciary Committee hearing entitled “The Poisoning of America: Fentanyl, its Analogues, and the Need for Permanent Class Scheduling.” During today’s hearing, Democratic Senators will speak to the negative impact that the Justice Department purges of senior law enforcement officials will have on combating the fentanyl crisis, how dragooning U.S. Drug Enforcement Administration (DEA) agents into mass deportations will take their focus away from their drug enforcement duties, how the Trump Administration’s proposed funding freeze will affect state and local law enforcement, should it go into effect, and the need to hold social media companies accountable for peddling fentanyl to our nation’s kids.

    Key Durbin Quotes:

    “In just a decade, this synthetic opioid [fentanyl] has emerged as the deadliest drug in American history. All it takes is two milligrams—that’s a fraction of the size of a penny—to cause an overdose. It is so cheap that dealers are lacing lethal amounts into street drugs like cocaine and heroin, and their buyers are none the wiser.”

    “There is an overdose crisis in America, but we’ve learned that evidence-based solutions reduce deaths. In fact, in 2023, overdose deaths actually decreased for the first time since 2018 – going down by more than 10 percent. We need to look at every factor that contributed to this reduction. Counseling and treatment, training for first responders, and getting Naloxone to our hardest-hit communities are all making a difference.”

    “We must also address how this poison gets into the hands of the most vulnerable people in America—our kids. Too often, fentanyl is peddled in the open on some of the world’s largest social media platforms.”

    “Last Congress, the Judiciary Committee advanced several bipartisan bills that would finally hold these companies accountable and demand safeguards be put in place to protect our children. One of those bills is the Cooper Davis Act. Cooper is a 16-year-old Kansas teen who tragically lost his life to a fentanyl-laced pill he bought through Snapchat. This bill would require Big Tech companies to take a more proactive role in stopping drug dealers from using their platforms… In the coming days, I will join Senators Marshall, Shaheen, and others to reintroduce what will now be called the Cooper Davis and Devon Norring Act. I hope the Committee will again advance this critical legislation on a bipartisan basis.”

    “And I hope that Congress will finally – finally – allow these companies to be sued by their victims’ families so they can be held accountable in a court of law. Enough teens have died due to Big Tech’s deliberate indifference.”

    “We must also acknowledge the role the U.S. has played in arming cartels to the teeth. We send hundreds of thousands of firearms south of our border in an ‘iron river’… and they facilitate the use of violence to traffic fentanyl into the U.S.”

    “The federal funding freeze, which we’ve been talking about, if it is going to stop the efforts of law enforcement to combat fentanyl is a bad idea. The same is true of the recent order diverting federal law enforcement agents, including from the DEA and ATF, away from combatting fentanyl and firearms trafficked by cartels and working, instead, on a mass deportation effort.”

    “I’m also gravely concerned about the negative impact of mass removals of senior career law enforcement at the Department of Justice and FBI, and our ability to hold traffickers accountable and cut off the supply of fentanyl.”

    “The recent actions we’ve seen distract us from the need to take a comprehensive bipartisan approach to tackle this crisis—including investing in addiction prevention and treatment, enforcing and strengthening our gun laws, and giving federal, state, and local law enforcement the resources they need to do their jobs effectively.”

    “Getting fentanyl off the streets is a herculean task that will require us all to come together and work across the aisle to make this country healthier and safer.”

    Video of Durbin’s opening statement is available here.

    Audio of Durbin’s opening statement is available here.

    Footage of Durbin’s opening statement is available here for TV Stations.

    Yesterday, Durbin and U.S. Representative Joaquin Castro (D-TX-20) led the bicameral introduction of the Stop Arming Cartels Act. The bill would seek to stem this “iron river” of firearms trafficking from the United States to Mexico, enabled by weak American gun laws and dangerous gun industry practices. The deadly stream of firearms trafficking exacerbates violence, enables cartels who smuggle migrants to our southern border, and facilitates the illicit trade of narcotics, including fentanyl, across the border back into the United States.  According to a 2021 study from the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF), 70 percent of crime guns recovered in Mexico from 2014-2018 and submitted for tracing were U.S.-sourced.

    -30-

    MIL OSI USA News –

    February 5, 2025
  • MIL-OSI: World’s First Holographic 3D Ad Network Launches at Simon Malls Nationwide

    Source: GlobeNewswire (MIL-OSI)

    New York, New York, Feb. 04, 2025 (GLOBE NEWSWIRE) — Hologram Media Network (HMN) has launched the world’s first always-on holographic advertising network, built in collaboration with Proto Hologram. Featuring next-generation Proto Luma devices, the network spans Simon® malls across the nation, offering a revolutionary platform that merges the digital and physical worlds in dynamic, interactive ways. 

    The network – which has already deployed across 30 premier Simon locations – including Los Angeles’ Del Amo Mall, New York’s Roosevelt Field Mall, Atlanta’s Lenox Square Mall, Nashville’s Opry Mills, and Chicago’s Woodfield Mall – offers limited advertising inventory, featuring 3D creative advertising programmed alongside exclusive IP content collaborations. Each month’s holographic show is curated with captivating storytelling from major studios, creators, artists, and influencers, as well as live interactive hologram events with celebrities. Initial content showcased experiences for Paramount Pictures‘ Sonic the Hedgehog 3 in December and Sony Pictures’ Paddington in Peru in February, immersing customers in lifelike 3D encounters with beloved characters and creating unforgettable and interactive moments.

    A Proto Luma installed by Hologram Media Networks at Simon’s Del Amo Mall in Southern California. (Credit: Steven Hong). 

    Unprecedented Engagement Metrics and Cutting-Edge Experiences 

    Early data highlights the effectiveness of HMN’s installations, with viewers engaging with holograms for an average of 24 seconds— over 500% higher than video dwell times on leading social media platforms like TikTok. This extended watch time underscores the ability of HMN’s holograms to command attention in today’s crowded media landscape. Augmented Reality (AR) experiences integrated with holographic displays are driving impressive 35% click-through rates, with thousands of customers engaging in the first two weeks of campaigns. 

    “Today’s consumers live in a world where engaging with 3D experiences is becoming second nature,” said James Andrew Felts, CEO of HMN. “Platforms like Meta Quest, Fortnite, and Roblox have normalized interacting with immersive content. HMN elevates this trend by bringing experiential media to real world spaces at scale, bridging the digital and physical spaces in ways that match changing customer expectations.”

    A Game-Changer for Advertising 

    HMN represents a leap forward in advertising optionality in the Out-Of-Home space. Unlike conventional 3D illusions or anamorphic screens, HMN offers holographic experiences that are three-dimensional and with no headsets or special equipment needed, creating captivating communal experiences. These displays bring content to life with a level of depth and realism that hasn’t been seen at scale in high traffic media locations like malls.

    “I’ve witnessed the evolution of countless mediums, but nothing compares to this,” said Proto Founder David Nussbaum, who has spent over 25 years in marketing and entertainment. “Together with HMN, we’re not just delivering ads—we’re creating personal, unforgettable moments at scale. This is a new era for interactive media, where the lines between the digital and physical worlds disappear.”

    Augmented Reality (AR) is core to HMN’s offering, seamlessly integrated into holographic promotions and content shows. Viewers can unlock exclusive AR experiences, save them to personalized accounts, and reengage with interactive features. For example, viewers of the Sonic The Hedgehog 3 showcase could scan a QR code to unlock an AR scene with characters for photos and further engagement.  

    Technology Tailored for Retail 

    The Proto Luma, Proto’s latest innovation, powers the HMN network. Designed for retail, the Luma is more compact and cost-effective than Proto’s flagship Epic, while still delivering vivid 3D holograms. Its integration with Proto’s proprietary AI Persona tools and RetailSage fleet management system ensures seamless operation at scale. 

    Proto is the original hologram device and spatial compute platform already in use by Fortune 500 companies worldwide across enterprise, healthcare, education, entertainment and more. In the retail space, Proto has previously partnered with companies including Amazon, Burberry, H&M, Walmart, Target and Verizon. 

    HMN and Proto will execute monthly live events featuring celebrities, influencers and brand ambassadors. In December, comedian Howie Mandel delighted shoppers by interacting with them in real-time via hologram, turning a routine outing into an extraordinary experience.

    Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, has a longstanding reputation for innovation and enhancing the shopping experience. Known for blending retail with entertainment and lifestyle offerings, Simon has consistently redefined what modern malls can achieve. From advanced digital wayfinding systems to integrating omnichannel retail strategies, Simon continues to lead in creating immersive environments that draw and engage shoppers. Their embrace of cutting-edge technology underscores their commitment to staying ahead in an evolving retail landscape.

    “Hologram Media Network (HMN) represents the next frontier of engagement for Simon,” said Dennis Tietjen, Senior Vice President of Business Development at Simon. “We’re excited to collaborate on bringing this revolutionary technology to our properties, transforming the way brands connect with shoppers and delivering an unparalleled experience for our guests.”

    Proto Founder David Nussbaum (Left) and HMN CEO James Andrew Felts with the Sonic the Hedgehog 3 hologram. (Credit: Steven Hong)

    Future Expansion

    HMN will soon announce deployments with additional malls and plans to expand the network to 150 Proto units by the end of 2025. 

    “Our vision is not just to present holograms but to create a dynamic ecosystem where customers can interact with digital content in the real world,” Felts explained. “This is a glimpse into the future we envision, where consumers experience the blending of their online and physical worlds.”

    For Hologram Media Network distribution and ad sales contact: andrew@hologrammedia.net
    +1 818.385.5259

    For photos, videos, demonstrations, interviews and other press info contact: owen@protohologram.com 

    Proto investor Paris Hilton in one of Hologram Media Network’s Proto Luma mall installations. (Credit: Steven Hong)

    About Hologram Media Network:

    Hologram Media Network is a pioneering digital out-of-home (DOOH) advertising platform specializing in immersive, 3D holographic experiences. With a mission to revolutionize consumer engagement in the real world, we deploy cutting-edge hologram units in high-traffic locations such as shopping malls and movie theaters. By combining innovative technology with strategic placement, we offer advertisers unparalleled opportunities to captivate audiences in dynamic, interactive ways. Our vision is to create a nationwide network of 200 premium hologram displays within two years, setting a new standard for DOOH advertising.

    To learn more about Hologram Media Network, visit www.hologrammedia.net

    About Proto Inc.:

    Proto Inc. is the patented leader in hologram technology and AI spatial computing. Proto devices and its platform are in use across enterprise, finance, healthcare, education, retail, hospitality, sports and entertainment. Invented in Los Angeles and with showrooms and distribution partners around the globe, Proto distributes the large Proto Epic and Proto Luma, the desktop-sized Proto M, and a suite of hologram AI and spatial computing services. Learn more at protohologram.com

    About Simon:

    Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

    The MIL Network –

    February 5, 2025
  • MIL-OSI United Kingdom: Sir Chris Bryant speech at TMT World Congress 2025

    Source: United Kingdom – Executive Government & Departments 2

    Minister for Data Protection and Telecoms, Sir Chris Bryant, gave a speech at TMT World Congress 2025 on 30 January 2025.

    Without vision, the people perish. Without a plan, the vision perishes. And without investment, financial, social and personal, the plan perishes.

    So let me start with a vision of a nation:

    A government that has economic growth as a constant obsession permeating everything it does.

    An economy that enjoys some of the strongest inward investment in Europe.

    A country with fierce ambitions: connectivity for all; inclusion wherever you live; science and innovation unshackled; AI unleashing greater productivity across the economy and public services.

    There’s no route to growth without digital infrastructure.

    The fibres, the subsea cables, the telegraph poles, the ducts, the data centres, the satellite connections, they are the central nervous system of a modern economy.

    • Without reliable ultrafast or gigabit capable broadband, businesses will be stuck on calls repeating ‘can you hear me now?’ into the void.
    • Without 5G standalone, public services will lag behind.
    • Without enough data centres, AI will run out of juice.

    We’ve come a long way in investing in our digital infrastructure in the UK, thanks to the efforts of many of you in this room.

    I’m here to tell you about how the government will help you seize the investment opportunities around the corner.

    Looking back, we’ve already come a long way.

    • More than 85% of homes and businesses in the UK can now access gigabit-capable broadband. It was just 10% in 2019.
    • Telcos are investing £40 billion to hit 100% by 2030.
    • And earlier this month, we signed four new Project Gigabit contracts with Openreach to get gigabit-capable broadband to over 130,000 new homes.

    Likewise on mobile connectivity:

    • According to Ofcom, 5G is now available outside of 95% of homes and businesses across the country.
    • Customers across the UK are feeling the benefits of standalone 5G, thanks to Vodafone, VMO2 and BT/EE – we want that everywhere by 2030.

    On data centres:

    • We have just over 500, putting us third globally.
    • And in the AI Opportunities Action Plan, we committed to upping public computing power twentyfold by 2030.

    But I don’t only measure growth in terawatt-hours of computing power, or billions of pounds.

    I measure it in individual lives changed by connection.

    Connectivity can deliver the world-class public services British people deserve:

    • Standalone 5G in hospitals could transmit high-res scans to diagnose disease faster
    • Or stream bodycam videos from police on the street to back-up waiting at HQ.

    If the digital revolution is to deliver a fairer, more prosperous future for Britain, we’ve also got to make sure everyone in the UK sees the benefit. 5% of homes still aren’t connected to the internet and the figure for poorer homes is even worse – 19%.

    I’m grateful for the work the sector has done on digital inclusion, including social tariffs.

    But we have to do better than that:

    a) because every household lost to the digital economy loses out on phenomenal opportunities and
    b) because they are also lost as workers, as citizens and as customers.

    So: huge amounts of progress on connecting us all to growth.

    But we’ve got much further to go.

    To make our vision a reality, we need investment.

    Today, the UK is Europe’s number one destination for new investment in projects and new jobs.

    The International Investment Summit in October broke records, creating 38,000 new jobs and bringing £63 billion into the UK – with much of that pouring into tech and data centres.

    And another £14 billion was secured when we launched the AI Opportunities Action Plan. But that’s just the start.

    Our ambition is to make Britain the best place to invest in the world.

    Here’s how:

    1. Partnering with you for growth.

    Within days of taking office, we set up the National Wealth Fund to the tune of £27.8 billion.

    It shows how serious we are about partnering with private capital to invest in the jobs, industries and infrastructure of the future.

    Six months in, that’s unlocked £1.6 billion – including supporting faster broadband connections for thousands of businesses and homes in Cornwall, Yorkshire, Lincolnshire and Cumbria.

    2. Making sure regulation and planning don’t tie us all in knots.

    The PM and Chancellor have both been clear about the need for pro-growth regulation across the economy, as an essential part of our growth mission.

    We’ll give you the stable regulatory framework that gives investors confidence.

    And more planning reform to help you build equipment quickly and cost-effectively – including the last telecoms provisions from the Product Security and Telecommunications Infrastructure Act.

    3. Backing competition:

    Competition is the only way to drive innovation and growth, and a better experience for customers.

    The Vodafone and Three merger is a great example, with a £11 billion investment commitment for standalone 5G, bringing better connections to 99% of the population.

    Underpinning all of this is a determination to tear down the barriers to growth.

    If you want to create wealth and jobs for British people, we will not stand in your way.

    This is a vision of a country that’s as ambitious about investment as it is about connecting people.

    You can’t do one without the other.

    I can almost hear the whisper of deals in the air today.

    So here’s one more for you to think about over coffee:

    Help us make the things digital infrastructure connects us to – family, friends, a job offer, a business deal, growth – available to all.

    In return, we’ll make this the best place in the world for you to invest to make that happen.

    Thank you.

    Updates to this page

    Published 4 February 2025

    MIL OSI United Kingdom –

    February 5, 2025
  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos” publishes its factsheet for the fourth quarter of 2024

    Source: GlobeNewswire (MIL-OSI)

    UAB “Atsinaujinančios energetikos investicijos” (the Company) publishes its factsheet, providing information about the Company’s investment portfolio, key events, business strategy, operating segments, and financial indicators as of 31 December 2024.

    2024 Q4 KEY EVENTS

    • Total aggregated FY 2024 Revenue and YTD EBITDA amounted to 6,420 kEUR and 4,155 kEUR, respectively. Wind parks managed under UAB “Žaliosios investicijos” produced 14% less than envisioned with a captured price 32% less than projected. This is driven by low winds during 2024 and lower than estimated electricity prices.
    • In December 2024, Investment Company divested 65.5 MW operating Solar PV portfolio in Poland (Energy Solar Projekty sp.z o.o).
    • The decline in Fund’s NAV was driven by a drop in the valuation of two remaining solar PV portfolios in Poland. This reduction is attributed to a 30% decrease in electricity price forecasts and a higher WACC, driven by incomplete construction. Conversely, value gains were recorded from UAB “Žaliosios investicijos “ and Zala Elektriba SIA, due to secured construction permits. Remaining projects are valued using the asset method, with real value gains expected upon obtaining building permits.

    Solar development in Poland:

    • The construction of 67.8 MW total capacity PV Energy Projects sp.z o.o portfolio nears completion.  As of reporting period, 44.8 MW are operational. 5 projects (1 MW each) are planned to be energized in Q1 2025. The anticipated COD for the entire park is set for September 2025.
    • The PL SUN sp.z o.o. portfolio, with a total capacity of 114.7 MW, is divided into two phases. The construction works of the first phase (66.6 MW) were largely finalized in 2024 Q2. 26.4 MW were energized in Q4. The remaining 40.2 MW are scheduled to be energized by 2025 Q2. The second phase (48.1 MW) commenced construction in October 2024. Module and inverter supply agreements as well as Balance of System and technical advisory contracts are signed. Modules were delivered to 5 sites (total capacity of 31 MW). Mounting structure construction and modules mounting works have been started in 4 sites (total capacity of 25.42 MW).

    Wind Projects:

    • Energy Production license for the Anykščiai wind farm was obtained in August 2024, for Jonava and Rokiškis wind farms the license obtainal is schduled for Q2 2025.
    • The 112 MW wind farm developed under Zala Elektriba SIA is scheduled to reach RtB in Q1 2025.

    Hybrid Projects:

    • Design works of a hybrid project managed by UAB “KNT Holding” and hybrid project managed by UAB “Ekoelektra” is underway to develop detailed equipment and technology specifications. Finalizing necessary agreements for project infrastructure.

    Contact person for further information:

    Grėtė Bukauskaitė

    Manager of the Investment Company

    grete.bukauskaite@lordslb.lt

    www.lordslb.lt/AEI_green_bonds

    Attachment

    • AEI Investor report 2024Q4 – EN

    The MIL Network –

    February 5, 2025
  • MIL-OSI Video: Media B-Roll: Acting Director Brian Driscoll

    Source: Federal Bureau of Investigation (FBI) (video statements)

    Media B-Roll: Acting Director Brian Driscoll on Top Ten Most Wanted Fugitives arrests and new entry

    https://www.youtube.com/watch?v=1TVm-1awFhg

    MIL OSI Video –

    February 5, 2025
  • MIL-OSI Economics: Introducing Apple Invites, a new app that brings people together

    Source: Apple

    Headline: Introducing Apple Invites, a new app that brings people together

    February 4, 2025

    PRESS RELEASE

    Introducing Apple Invites, a new app that brings people together for life’s special moments

    CUPERTINO, CALIFORNIA Apple today introduced Apple Invites, a new app for iPhone that helps users create custom invitations to gather friends and family for any occasion. With Apple Invites, users can create and easily share invitations, RSVP, contribute to Shared Albums, and engage with Apple Music playlists. Starting today, users can download Apple Invites from the App Store, or access it on the web through icloud.com/invites. iCloud+ subscribers can create invitations, and anyone can RSVP, regardless of whether they have an Apple Account or Apple device.

    “With Apple Invites, an event comes to life from the moment the invitation is created, and users can share lasting memories even after they get together,” said Brent Chiu-Watson, Apple’s senior director of Worldwide Product Marketing for Apps and iCloud. “Apple Invites brings together capabilities our users already know and love across iPhone, iCloud, and Apple Music, making it easy to plan special events.”

    Beautiful Invitations That Create and Capture Shared Moments

    To get started with Apple Invites, users can choose an image from their photo library or from the app’s gallery of backgrounds — a curated collection of images representing different occasions and event themes. Integrations with Maps and Weather give guests directions to the event and the forecast for that day.

    Additionally, participants can easily contribute photos and videos to a dedicated Shared Album within each invite to help preserve memories and relive the event. And collaborative playlists allow Apple Music subscribers to create a curated event soundtrack that guests can access right from Apple Invites.

    Apple Intelligence Makes Invites Even More Fun

    With Apple Intelligence, creating unique event invitations is easy. Users can tap in to the built-in Image Playground experience to produce original images using concepts, descriptions, and people from their photo library. And when composing invitations, users can use Writing Tools to help find just the right turn of phrase to meet the moment.1

    Simple Ways to Manage and Join Events

    Hosts get full control of their invite experience: They can easily view and manage their events, share invitations with a link, review RSVPs, and choose the details they want included in the preview, like the event background or a home address. Guests can view and respond to an invitation using the new iPhone app or on the web without needing an iCloud+ subscription or an Apple Account. Attendees control how their details show up to others, and have the ability to leave or report an event at any time.

    Additional iCloud+ Premium Features

    In addition to event creation in Apple Invites, iCloud+ subscribers have access to many more premium features:

    • Expanded storage allows users to keep large libraries of original, high-resolution photos, videos, and files safe in iCloud, and easily accessible across all of their devices and the web.
    • Private Relay keeps browsing in Safari entirely private from network providers, websites, and even Apple.
    • Hide My Email generates unique, random email addresses whenever needed.
    • HomeKit Secure Video allows users to capture and review home security footage in an end-to-end encrypted format.
    • Custom email domains enable users to personalize their iCloud email address.
    • Family Sharing allows users to share their iCloud+ subscription with up to five people at no extra cost.

    Users can learn more about subscribing to iCloud+ at apple.com/icloud, with plans starting at just $0.99.

    Availability

    Apple Invites is available today as a free download from the App Store for all iPhone models running iOS 18 or later, and can be accessed on the web at icloud.com/invites. Some features are not available in all regions or in all languages. For more information, visit apple.com/ios/feature-availability.

    About Apple Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

    1. Apple Intelligence is available on iPhone 15 Pro, iPhone 15 Pro Max, iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max running iOS 18.2 and later, and can be accessed in most regions around the world when the device and Siri language are set to localized English for Australia, Canada, New Zealand, South Africa, the U.K., or the U.S.

    Press Contacts

    Tania Olkhovaya

    Apple

    tolkhovaya@apple.com

    Shane Bauer

    Apple

    shanebauer@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –

    February 5, 2025
  • MIL-OSI: Digital Tails Group, LLC. Released New Type of AI Assistant.

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, Feb. 04, 2025 (GLOBE NEWSWIRE) — bowmo™, Inc. (OTC: BOMO), a New York City–based company powered by AI and XR/VR technologies aiming to provide fully customizable SaaS Platforms to multiple industries (https://bowmo.com ) (“bowmo,” “the Company”) and its recent merger partner OWNverse/Digital Tails Group (“DTG”), are pleased to announce that Digital Tails Group has released a new AI Assistant. This new DTG AI Assistant is smarter and faster than competing AI assistants and will act as a person’s everyday ally.

    In the modern technological landscape, there is hardly anyone who hasn’t encountered an AI assistant when reaching out to customer support; it’s becoming commonplace these days. But not all assistants are created equal – each model comes with unique capabilities and levels of sophistication.

    In essence, all AI assistants have the same requirements. They should:

    • understand you – using Natural Language Processing (NLP), they get what you’re saying, even if it’s nuanced
    • learn with you – thanks to machine learning, they get smarter over time, and adapt to your preferences and patterns
    • know you – they use context like past interactions or location (if allowed) to create tailored responses

    known AI assistants can be:

    1. Voice-activated – Think Siri or Alexa, ready to respond when you speak
    2. Task masters – Handling specific jobs, like organizing emails or setting up meetings
    3. Predictive – Anticipating what you need before you even ask

    The DTG AI assistant, named Aurora, can help with online shopping, customer support and personalized search, but her intelligence is wide and versatile. She can be trained to support any business, to help automate its operations.

    Aleksey Shestakov, Chairman of the Board of OWNverse/Digital Tails and the Chief Technical Officer of bowmo, Inc. summarized, “Our company focuses on the point-to-point application of advanced technologies in the interests of real business, manufacturing, and electronic commerce. That is why we are developing solutions that increase the efficiency of business operations and create additional business value.”

    Michael R. Neece, Chief Product Officer of bowmo, Inc. added, “Offering the Digital Tails Group’s AI assistant, which constantly learns each user’s preferences and supports any business process, is a significant value addition we can now deliver to customers.”

    You can learn more about Aurora at: https://digital-tails.group/ai-assistant. Try it now at work or home to streamline your day-to-day operations and life.

    About bowmo, Inc.
    Bowmo Inc., (OTC: BOMO) is a New York City–based AI-powered software and services company that incorporates a novel set of technologies to build a platform that will deliver solutions for multiple industries. Bowmo’s flagship product seamlessly integrates AI and extended reality (XR) technologies to revolutionize recruitment and human resource (HR) processes.

    Building upon our multi-vertical platform, bowmo is poised to introduce a suite of future products catering to the cybersecurity, retail, sports, media/entertainment, and real estate sectors. This expansion underscores bowmo’s commitment to diversifying revenue streams and addressing diverse industry needs through advanced technological solutions.

    bowmo’s platform harnesses AI, machine learning (ML), deep learning (DL), blockchain, and process orchestration.

    About OWNverse, LLC.
    OWNverse is a virtual platform company that develops unique tools for creating targeted products and services for virtual spaces (“Metaverses”) by using the technology stack available through widely used Web2 platforms driven by AI.

    OWNverse allows for the integration of such tools to elevate the dimensionality of products and services, while offering such products and services within the spatially immersive 3D Internet—Web3.

    OWNverse aims to empower all users to become co-creators of the content. The main OWNverse ideology is to supply proven tools to users to provide real value for businesses and create virtual communities in numerous business sectors.

    About Digital Tails Group, LLC.
    Digital Tails Group (“DTG,” the “Company”) is an IT company specializing in software development using 3D technology, extended reality (XR) and artificial intelligence (AI).

    The DTG expertise in advanced technologies ranges from virtual reality (VR) experiences to smart AI algorithms, enabling us to help our clients improve their competitive strength through the application of advanced UI and knowledge technologies.

    Additional Information and Where to Find It
    Additional information is available on the Company’s website: https://www.bowmo.com. In addition, other information related to the Company is available at the SEC’s website at www.sec.gov, or by directing a request to: bowmo, Inc., 99 Wall Street, Suite 891, New York, NY 10005; or by phone at 212-398-0002.

    Cautionary Statement Regarding Forward-Looking Statements
    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimates,” “projects,” “intends,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, BOMO’s ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various software programs, changes in future customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond BOMO’s control. Except as may be required by law, bowmo, Inc. undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this release.

    Contact:
    Michael E. Lakshin
    Chairman of the Board and President
    Michael.Lakshin@bowmo.com

    The MIL Network –

    February 5, 2025
  • MIL-OSI Banking: Samsung Blue Tag Sale: Supporting Wellness with Cutting-Edge Home Technology

    Source: Samsung

    Samsung’s Blue Tag Sale, currently on until 2 March 2025, is offering exclusive deals on advanced home appliances, electronics and devices that promote healthier living. With a focus on Home for Wellness, Samsung is committed to bringing cutting-edge technology that takes care of you and your well-being, balance, and sustainable living. From smart TVs and monitors to air-conditioners, fridges, and washing machines, Samsung is empowering individuals to make healthier choices, all from the comfort of their homes.
     

     
    Samsung Smart TVs and Monitors: Wellness at Home
    Samsung’s innovative Smart TVs and monitors are not only designed for entertainment but also as essential wellness tools for modern living. With an array of wellness apps, fitness programs, and guided meditation features, these displays encourage a holistic approach to health at home. Users can stream exercise routines, relaxation videos, and track their fitness progress—all through their Samsung TVs and monitors. Whether you’re looking to stay active, relax, or practice mindfulness, a Samsung TV or monitor can help you turn your home into a wellness hub.
     
    Air-Conditioners: Breathing Easier with Clean Air
    Samsung’s air-conditioners go beyond providing comfort with temperature regulation. They not only keep your room temperature comfortably in check, they also include a specialised filter to keep the air in your home clean and hygienic.
     
    The Samsung WindFree Air Conditioners have a Tri-Care filter feature that is made up of three layers that reduce harmful particles to help maintain healthy indoor air quality, and has been certified by Intertek to reduce 99.9% of bacteria[1].
     
    With smart sensors that monitor air conditions in real-time, Samsung air-conditioners adjust to your home’s needs, ensuring optimal temperature and air quality for a healthier, more comfortable living environment. Ideal for those looking to create a cleaner, fresher atmosphere at home, Samsung air-conditioners contribute to better breathing and overall well-being.
     

     
    The WindFree also has a PM1.0 Filter that protects you from inhaling bacteria and tiny particles. It sterilises over 99% of bacteria[2].
     
    As part of the Blue Tag Sale, Samsung is offering amazing discounts on select wellness-enhancing appliances, making it easier for you to invest in healthier living:
     
    75 Inch QLED 4K Q60D Tizen OS Smart TV (2024) – QA75Q60DAKXXA. Now R17,999* (save R1,999). You can pair it with the Essential C-Series Soundbar (HW-C450) for R3,299*.
    65 Inch Neo QLED 4K QN85D Tizen OS Smart TV (2024) – QA65QN85DBKXXA. Now R25,999* (save R2,000).
    65″ DU7000 Crystal UHD 4K HDR Smart TV (UA65DU7000KXXA). Now R10,999* (save R1,000). Plus the Essential C-Series Soundbar HW-C400 (HW-C400/XA) at R1,299 (save R500).
    34″ Odyssey G55T UWQHD 165Hz Gaming Monitor (LC34G55TWWPXEN). Now R9,999* (save R3,000).
    32″ Smart Monitor M70D UHD, USB-C with Speakers & Remote (LS32DM702UAXXA). Now R7,999* (save R2,000).
    AR9500T Wall-mount AC with Windfree TM and AI technology, 12000 BTU/h (AR12BSAAAWK/FA). Now R16,599* (save R3,000).
     
    The Samsung Blue Tag Sale runs from 13 January – 2 March 2025, in Samsung stores, online, the Samsung Shop App, as well as participating retailers. Don’t miss out!
     
    For more information, visit www.samsung.com/za
     
    [1] Tested on Samsung AR9500T. The antiviral air filter (Tri-Care Filter) can remove up to 99.9% of the viruses based on Intertek Test.
    **Staphylococcus aureus ATCC 6538, Klebsiella pneumoniae ATCC 4352
    [2] Based on independent testing by Intertek. Removes 99.9% of Staphylococcus aureus and Escherichia coli collected on the electrostatic precipitator filter. Results may vary depending on environmental factors and individual use.
    *Offers available at participating Retailers and Online Stores. T&Cs apply.
    *Recommended Retail Price

    MIL OSI Global Banks –

    February 5, 2025
  • MIL-OSI Global: Features like iPhone’s and Facebook’s ‘Memories’ can retraumatize survivors of abuse

    Source: The Conversation – Canada – By Nicolette Little, Assistant lecturer, Media and Technology Studies, University of Alberta

    While often considered harmless or fun, memory features on smartphones can have the opposite effect. (Shutterstock)

    In contemporary digital society, remembering is automated. Social media platforms and smartphones often offer features like iPhone’s and Facebook’s “Memories” that resurface users’ past posts and photographs.

    For many people, these reminders of the past are a source of joyful reminiscence. For others — like survivors of gender-based violence (GBV) — they can be harmful.

    These nostalgia-driven Memories features enact what I call “platform violence:” unintended but harmful consequences, caused by automated features, designed to profit tech companies without adequately considering users’ well-being.

    Algorithmic recall

    Algorithms select and retrieve images from users’ digital archives, with the supposed goal of reminding users of happy moments. Introduced in 2018, Memories was promoted by Facebook’s product manager, Oren Hod, as a tool for improving mood and connection with others.

    Yet these algorithms can get it wrong by bringing up painful, or even traumatic, memories instead. Writing about the feature in Forbes Magazine, Amit Chowdhry acknowledges that “memories … are not all positive.”

    While Facebook’s algorithm attempts to filter out negative memories using keywords and feedback from users’ reactions, these safeguards are often inadequate. As my research has found, resurfaced photos of abusers can trigger emotional, psychological and even physiological distress for survivors of GBV.

    When iPhone Memories draws images from a user’s Photos cache to create slideshows, smartphone users can be similarly triggered. The fact that these slideshows are set to cheerful music is something survivors find particularly “creepy,” as images of abusive exes scroll by.

    Unexpectedly being presented with photographs from a phone archive can re-traumatize survivors.
    (Shutterstock)

    Familiar faces

    GBV encompasses a spectrum of abusive behaviours, ranging from catcalling and rape jokes to sexual assault and femicide. In Canada, a woman dies every other day due to GBV, with intimate partner violence claiming a life every sixth day. One in four women reports GBV in their lifetime, although the actual number is higher due to fears of not being believed or stigmatization.

    Particularly relevant to my research, in at least 80 per cent of cases, the perpetrator is someone the survivor knows, such as a partner, friend or family member. This makes it likely that survivors once shared social media connections or posted images with their abuser, increasing the risk these photos will resurface as a memory.

    For survivors, encountering a photo of their abuser can be as traumatic as seeing them in person. In interviews with 15 survivors, all reported intense emotional reactions including panic, upset and physical symptoms like nausea and a racing heart. Those with post-traumatic stress disorder (PTSD) were particularly vulnerable to being triggered.

    For instance, one participant, Nyla (names have been changed), described experiencing “full panic mode” and emotional shutdown for days after seeing a photo of her abusive ex-partner. Kelly, another participant, felt her “heart race” and avoided her smartphone and social media altogether. Other participants’ responses included feelings of social disconnection, fearfulness when out in public and mistrust of their own judgment of others. This presented barriers to forming new, healthy relationships.

    Nancy, a survivor of an abusive relationship, recalled photos from the period when she was planning her escape.

    “I look into my eyes in those photos and know I was secretly planning on leaving my partner,” she said. The resurfaced images were a “surreal” reminder of the facade she maintained during the final years of her marriage.

    Mobile phones and social media are essential to daily life, and limiting their use can have a negative impact.
    (Angelo Moleele/Unsplash), CC BY

    Inclusive, safe design

    Survivors often lack the familiarity with platforms’ settings to pre-emptively block or delete potentially triggering content. Even when settings exist, they are often buried in menus, hard to navigate or require survivors to manually confront and delete painful memories or photographs.

    Once the survivor has been triggered, they often no longer have the emotional capacity to take the steps needed to delete or remove the upsetting memory at the time.

    Recommendations like telling survivors to leave their device at home or deactivate their social media accounts place responsibility for addressing abuse on survivors, rather than perpetrators. Mobile phones and social media are essential to daily life, including for work, social interaction and access to safety-related services. Advising survivors to simply log off or avoid their devices shifts responsibility onto survivors and distracts from the underlying issues: society’s high rates of GBV and the need for safer, more inclusive design.

    And inclusive design is needed: nostalgia-producing algorithms, as they currently function, disproportionately harm communities exposed to higher rates of violence, including women and LGBTQ+ and BIPOC individuals.

    Opt-in rather than out

    Interview subjects suggested that platforms require users to opt in if they wish to have their past resurfaced, rather than being forced to opt out, often after being triggered.

    Tech developers, often from privileged backgrounds, fail to account for marginalized users’ experiences when designing features.

    Platforms must prioritize user safety by making it easier to control and customize the memories that resurface. Settings for managing features like Memories should be accessible, easy to use and sensitive to the needs of those who have experienced trauma.

    By recognizing the unintended consequences of algorithmically driven nostalgia, tech companies can take steps toward creating platforms that empower all users.

    Nicolette Little receives funding from the Social Sciences and Humanities Research Council of Canada.

    – ref. Features like iPhone’s and Facebook’s ‘Memories’ can retraumatize survivors of abuse – https://theconversation.com/features-like-iphones-and-facebooks-memories-can-retraumatize-survivors-of-abuse-231897

    MIL OSI – Global Reports –

    February 5, 2025
  • MIL-OSI Global: How food can be used to support people living with dementia

    Source: The Conversation – Canada – By Navjot Gill-Chawla, Doctoral Candidate, Aging, Health and Well-being, University of Waterloo

    From the aroma of freshly ground spices to the rhythmic sounds of a mortar and pestle, food evokes strong sensory memories, making it a powerful tool in dementia care. (Shutterstock)

    As dementia rates rise globally, families and care partners are seeking ways to maintain meaningful connections with loved ones experiencing memory loss. In many cultures, food is central to cultural identity and family life.

    Cooking traditional recipes can also a unique way to evoke memories and foster social connections. Familiar flavours, scents and cooking techniques can provide support and comfort to those living with dementia.

    In South Asian cultures, food is deeply intertwined with identity, memory and relationships. From the aroma of freshly ground spices to the rhythmic sounds of a mortar and pestle, food evokes strong sensory memories, making it a powerful tool in dementia care.

    When it comes to supporting people with dementia, food and cooking can be culturally relevant ways to enhance well-being, strengthen inter-generational bonds and preserve identity — making them an increasingly important tools in dementia care.

    My research focuses on understanding the experiences of people living with dementia and their care partners in South Asian communities, and the importance of culturally inclusive care for dementia.

    Food and memory

    The connection between food and memory is well-documented. For individuals living with dementia who often experience memory loss and disorientation, familiar foods can trigger memories of specific events, places or people. For example, the scent of ghee-laden parathas or the sight of turmeric-coloured curries may evoke memories of childhood kitchens, family celebrations or community gatherings.

    In South Asian communities, food is a cornerstone of cultural identity. Dishes are often tied to regional traditions, religious practices, and family legacies. For individuals living with dementia, preparing or consuming familiar foods can provide a sense of stability and continuity.

    A person with dementia may find comfort in the ritual of making chai, even if they forget other aspects of their daily routine. Similarly, they might find joy in tasting the traditional foods of their region.

    Dementia care often involves strategies that engage the senses to improve quality of life. Food offers a multi-sensory experience — taste, smell, touch, sight and even sound. For South Asian older adults, the act of rolling dough for rotis, smelling fragrant basmati rice or hearing the crackle of mustard seeds in hot oil can stimulate the senses and provide therapeutic benefits.

    Engaging individuals in food preparation can also help maintain fine motor skills and foster a sense of purpose. Even simple tasks like peeling garlic, mixing spices or stirring a pot can provide opportunities for engagement and connection. Importantly, these activities do not need to be perfect — the process itself is valuable.

    In cultures around the world, meals are rarely solitary. Food is inherently social, often prepared and shared among family members. For individuals living with dementia, mealtime can be an opportunity to strengthen familial bonds and reduce feelings of isolation. Sharing a meal allows care partners and family members to engage in meaningful interactions, even if verbal communication is limited.

    Inter-generational cooking can be particularly engaging. Grandparents living with dementia can pass on recipes to their grandchildren, creating moments of joy and preserving cultural heritage. These interactions help younger generations understand dementia while fostering empathy and appreciation for their elders.

    Adapting for dementia care

    While traditional South Asian dishes can be comforting, they may need to be adapted for individuals living with dementia. For example, finger foods like pakoras or stuffed parathas can be easier to handle than dishes requiring utensils. Similarly, simplifying recipes with fewer ingredients or steps can make the cooking process more manageable for individuals living with dementia.

    Nutritional considerations are also crucial. Many South Asian dishes are rich in fats, carbohydrates and spices, which may not align with the dietary needs of older adults. Modifying recipes to include more vegetables, lean proteins and lower salt levels can ensure that meals are both nutritious and culturally familiar.

    Despite its benefits, using food as a tool for dementia care is not without challenges. Care partners often face time constraints, lack of resources or their own emotional burdens, which may limit their ability to engage in food-based activities. Additionally, some families may struggle to adapt traditional recipes, especially if they lack culinary skills or are unfamiliar with healthy substitutions.

    Community support organizations can play a pivotal role in overcoming these barriers. Cooking workshops, memory cafés with food themes or culturally tailored resources can empower families to incorporate food into dementia care. For instance, community centres can organize events where older adults and care partners come together to prepare traditional meals, share recipes and build support networks.

    Inter-generational cooking can be particularly engaging. Grandparents living with dementia can pass on recipes to their grandchildren, creating moments of joy and preserving cultural heritage.
    (Shutterstock)

    Culturally tailored dementia care

    Integrating food into dementia care underscores the importance of culturally tailored approaches. Incorporating cultural elements like food acknowledges the holistic needs of individuals and their families. Health-care providers and community organizations must prioritize cultural humility, recognizing the unique role that food plays in the lives of South Asian families living with dementia.

    In the journey of dementia care, food is more than a tool for nourishment. For South Asian communities, it is a source of connection, identity and healing. By integrating food into care practices, families and care partners can unlock its potential to evoke memories, strengthen relationships and improve the well-being of individuals living with dementia.

    With culturally sensitive support and resources, food can become a powerful ally in navigating the complexities of dementia care, one bite, one memory and one story at a time.

    Navjot Gill-Chawla does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. How food can be used to support people living with dementia – https://theconversation.com/how-food-can-be-used-to-support-people-living-with-dementia-248731

    MIL OSI – Global Reports –

    February 5, 2025
  • MIL-OSI USA: Ahead Of Pam Bondi’s Nomination Vote This Week, Durbin Outlines His Concerns About Bondi’s Ability To Serve As An Independent AG

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    February 03, 2025

    Durbin’s floor speech comes after the Trump Administration forced out dozens of DOJ and FBI officials this weekend and is now threatening additional action against thousands of employees across the country who worked on investigations related to January 6 and President Trump

    WASHINGTON – In a speech on the Senate floor, U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, outlined his concerns about Pam Bondi, President Trump’s Attorney General nominee. In his remarks, he cited concerns over her ability to act as an independent Attorney General, refusal to acknowledge President Biden won the 2020 election, and echoing President Trump’s calls for prosecuting his political opponents.

    Durbin’s remarks also highlighted the Trump Administration’s purge of dozens of senior career civil servants at the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI)—including longtime nonpartisan leaders of the government’s counterterrorism and counterespionage efforts—further exemplifying the need for an independent DOJ.

    “This week, the Senate will vote on the nomination of Pam Bondi to serve as Attorney General. Given the Trump Administration’s ongoing purge of Justice Department officials, I urge my colleagues to look very carefully and closely at Ms. Bondi’s nomination,” Durbin said.

    “President Trump has repeatedly made it clear that he values loyalty above all else in an Attorney General. Don’t take my word for it. Just look at what happened in his first term. He fired his first Attorney General and forced out his second for insufficient loyalty. And President Trump has said time and again that he expects the Justice Department to seek ‘retribution’ on his behalf. With Ms. Bondi, I’m afraid, the President has finally found someone who passes his loyalty test,” Durbin continued.

    Durbin then highlighted his concerns with Ms. Bondi’s nomination.

    “It seems that she [Ms. Bondi] is ready to break with bipartisan tradition when it comes to a nonpartisan Department of Justice —one that upholds the rule of law and is free of undue political influence from the White House. I am unconvinced that she [Ms. Bondi] is dedicated to these ideals. She was a leader in the effort to overturn the 2020 election and to this day, she still clings to the basic loyalty oath. She refuses to acknowledge that Joe Biden won the presidential election in 2020. And she has echoed the President-elect’s calls for prosecuting his political opponents—including a pledge that ‘the prosecutors will be prosecuted, the investigators will be investigated.’”

    Durbin spoke about the Trump Administration forcing out dozens of DOJ and FBI officials this weekend. The Administration is now threatening additional action against thousands of employees across the country who worked on investigations related to the attack on the Capitol on January 6, 2021, and President Trump. These career civil servants are responsible for coordinating the Justice Department’s fight against international terrorists and foreign spies that would do us harm. The removals substantially diminish the United States’ ability to respond to national security threats.

    “The Trump Administration’s purge of these officials is a naked political move. In firing a dozen career prosecutors, the Acting Attorney General issued a memo stating, ‘Given your significant role in prosecuting the President, I do not believe the leadership of the Department can trust you.’ Line attorneys and agents are similarly being bullied out simply because they were assigned tasks linked to criminal investigations of the President or the January 6 riots,” Durbin said.

    “Do we expect the Justice Department to do nothing about the hundreds of people who stormed into the Capitol? We saw it on videotape. Nobody is making this up. They were prosecuted for crimes they committed and many of them were sentenced, many of them pled guilty when they saw the videotapes of what they did on that day. Many of them ended up in jail—some of them with serious sentences for their serious misconduct. Now comes the new President, Donald Trump, and absolves them from criminal guilt. Tells them they’re free to go,” Durbin continued.

    Durbin concluded, “The American people deserve an Attorney General who will protect their fundamental rights of this country, demonstrate independence and integrity, and remain faithful to the Constitution, the country, and the rule of law. Ms. Bondi, during the course of her testimony before the Senate Judiciary Committee, was also asked about Kash Patel—the President’s nominee to [lead] the FBI. She made it clear she supports him. I do not… I fear that Ms. Bondi will only protect and remain faithful to one person throughout this whole experience—and that’s the President who has given her this opportunity. I urge my colleagues to look carefully at her record and the record of Kash Patel. They are a team in this effort, and they should be held accountable for what they’ve said and written and positions they’ve taken in support of the President, even when his positions are not consistent, in my mind, with the equal and free administration of justice.” 

    Video of Durbin’s remarks on the floor is available here.

    Audio of Durbin’s remarks on the floor is available here.

    Footage of Durbin’s remarks on the floor is available here for TV Stations.

    -30-

    MIL OSI USA News –

    February 5, 2025
  • MIL-OSI: Canadian Nuclear Laboratories Expands Clean Energy Siting Invitation to Include Fusion, Hydrogen and Battery Storage

    Source: GlobeNewswire (MIL-OSI)

    CHALK RIVER, Ontario, Feb. 04, 2025 (GLOBE NEWSWIRE) — Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, is pleased to announce it has expanded the scope of its SMR siting invitation program to help organizations pursue commercial opportunities and seize a leadership position in the development and deployment of other new and innovative clean energy technologies.

    Given the continued development of other novel technologies, and CNL’s growing capabilities and expertise across other clean energy categories, the program is being expanded beyond fission based SMRs and other advanced reactor designs. Now known as CNL’s Clean Energy Siting Program, the new program will also invite vendors and technology developers interested in building prototype solutions that include fusion-based technologies, hydrogen production, battery storage and clean fuel production facilities, among others. Overall, the intent is to support the Government of Canada achieve its net-zero objectives, help Canadians businesses develop new and innovative technologies, and make CNL’s resources available to the private sector.

    “Through CNL’s ongoing engagements with clean energy leaders in Canada and around the world, it was clear there was an opportunity for us to expand and grow our SMR siting program, in order to support prototype construction and testing for other clean energy technologies,” commented Jack Craig, CNL’s President and CEO. “More importantly, Canada has set ambitious domestic targets in clean energy, and if we are to meet them, we must recognize that there is no one solution that will address a challenge of this scale and significance. To fight climate change and realize energy security, it will take all these promising technologies working in tandem with one another. That is at the heart of our renewed program, and it is our belief that we can help to accelerate the deployment of these promising technologies and maximize their full potential.”

    As a federal Crown corporation, AECL owns and oversee the sites under management by CNL. “AECL is pleased to see the expansion of the siting program to include even more approaches to clean energy production, use, and storage,” said Fred Dermarkar, AECL’s President and CEO. “This is another example of the value of Canada’s investment in its national nuclear laboratories. Our model allows us to connect commercial and academic partners with Canada’s unique nuclear science assets. This new, expanded program could not be possible without the innovative collaboration between the federal government and the private sector. AECL is proud to facilitate this new invitation process,” added Dermarkar.

    “CNL will continue to work closely with SMR vendors who are already navigating our siting program, and it is our hope that we will see an SMR sited at one of the sites we manage on behalf of AECL in the very near future,” added Dr. Stephen Bushby, CNL’s Vice-President of Science and Technology. “But given all the advances that have been realized in recent years across a number of different clean energy categories, it only makes sense that we expand our siting program to support the development of these technologies and do everything we can to bring them to the market.”

    Under the renewed program, applicants pursuing a clean energy demonstration project must still proceed through four individual stages, though these phases have been updated to align with the more collaborative approach of the renewed program. Depending on the interest and suitability of the applications, these projects could be located at the Chalk River Laboratories or the Whiteshell Laboratories site. Both sites are located on the traditional lands, waterways and ceded and unceded territories of Indigenous peoples; meaningful engagement with Indigenous peoples will be a key component of any successful project.

    While the invitation process does not include access to CNL’s research facilities or other ancillary programs, CNL is very much open to discussion with proponents regarding collaborative approaches to help advance their individual projects.

    To learn more about CNL, including its new Clean Energy Siting Program please visit www.cnl.ca.

    About CNL

    As Canada’s premier nuclear science and technology laboratory and working under the direction of Atomic Energy of Canada Limited (AECL), CNL is a world leader in the development of innovative nuclear science and technology products and services. Guided by an ambitious corporate strategy known as Vision 2030, CNL fulfills three strategic priorities of national importance – restoring and protecting the environment, advancing clean energy technologies, and contributing to the health of Canadians.

    By leveraging the assets owned by AECL, CNL also serves as the nexus between government, the nuclear industry, the broader private sector, and the academic community. CNL works in collaboration with these sectors to advance innovative Canadian products and services towards real-world use, including carbon-free energy, cancer treatments and other therapies, non-proliferation technologies and waste management solutions.

    To learn more about CNL, please visit www.cnl.ca.

    CNL Contact:
    Philip Kompass
    Director, Corporate Communications
    1-866-886-2325
    media@cnl.ca

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fb2b90fc-6df7-448e-af36-1cb5cfd85ce6

    The MIL Network –

    February 5, 2025
  • MIL-OSI: Mark Cuban Foundation and the Cosmosphere Bring AI Education to Hutchinson Teens

    Source: GlobeNewswire (MIL-OSI)

    HUTCHINSON, Kan., Feb. 04, 2025 (GLOBE NEWSWIRE) — The Mark Cuban Foundation is proud to announce a pioneering museum pilot program in partnership with the Cosmosphere International Science Education Center and Space Museum in Hutchinson, Kansas. The program will bring the highly acclaimed Artificial Intelligence (AI) Bootcamp to Hutchinson area high school students. This collaboration emphasizes the Foundation’s mission to reach students in underserved and previously unconnected regions, providing them with opportunities to engage with innovative technology.

    The program aims to provide students with a foundational understanding of artificial intelligence and its applications to future careers. Students can select from six tracks: healthcare, arts and entertainment, business and entrepreneurship, computer science, sports science, or education and career readiness. Driven by the belief that fostering interest in AI at a young age is crucial for preparing the next generation for their future, the AI Bootcamps are introductory and accessible to students in 9-12 grade with an interest in technology. Students do not need any familiarity with computer science or programming to attend.

    This free AI Bootcamp is hosted for underserved high school students with a transparent focus on recruiting girls, students of color, first generation college students, and those from low to moderate income households. The AI Bootcamp Program provides students with lunch and a snack, transportation assistance, and technology equipment during bootcamp.

    “As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” said Mark Cuban, founder. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with the Cosmosphere, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

    This year’s bootcamp, taking place in Hutchinson on March 17- 19, is hosted and staffed by the Cosmosphere, a space museum with one of the largest collections of U.S. and Soviet space artifacts. It features the Apollo 13 command module, an SR-71 Blackbird, a planetarium, and hands-on exhibits for all ages.

    Cosmosphere is one of more than 25 host companies selected to host camps across the U.S.

    “At the Cosmosphere, we’re passionate about igniting curiosity in young minds and empowering the next generation of innovators. This AI bootcamp, in partnership with the Mark Cuban Foundation, represents a tremendous opportunity to do just that,” said JoAnna Strecker, Cosmosphere Vice President of Education. “We’re grateful to the Mark Cuban Foundation for their support in making this dream a reality, and we can’t wait to see the incredible things these students will achieve.”

    Apply for the bootcamp at: markcubanai.org.

    Watch Mark Cuban’s message about Mark Cuban Foundation’s AI bootcamps and access the full media kit here.

    To learn more, visit markcubanai.org.

    This bootcamp is facilitated with support from Mark Cuban Foundation AI Bootcamp Program’s media partner, Notified, a globally trusted technology partner for investor relations, public relations and marketing professionals.

    About Mark Cuban Foundation’s AI Bootcamp Initiative
    The Mark Cuban Foundation is a 501(c)(3) private non-profit led by entrepreneur and investor Mark Cuban. The AI Bootcamps Program at MCF seeks to inspire young people with emerging technology so that they can create more equitable futures for themselves and their communities. Over 3 consecutive Saturdays underserved 9th – 12th grade students learn what AI is and isn’t, where they already interact with AI in their own lives, the ethical implications of AI systems, and much more. Learn more about the no-cost AI Bootcamp program at markcubanai.org.

    About Cosmosphere

    The Cosmosphere International Science Education Center and Space Museum is a Smithsonian Affiliate. Located at 1100 North Plum in Hutchinson, KS, its collection includes U.S. space artifacts second only to the Smithsonian’s National Air and Space Museum and the largest collection of Russian space artifacts outside of Moscow. This unique collection allows the Cosmosphere to tell the story of the Space Race better than any museum in the world while offering fully immersive education experiences that meet Next Generation Science Standards. The Cosmosphere also features the Carey Digital Dome Theater, offering daily documentary showings, a digital Planetarium, Dr. Goddard’s Rocket Lab Experience, where visitors experience live science demonstrations, and CosmoKids, an interactive STEAM area for children accompanied by an adult.

    The MIL Network –

    February 5, 2025
  • MIL-OSI China: Spring Festival boosts travel, consumption as 8-day holiday nears end

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

    BEIJING, Feb. 4 — As China wraps up its 8-day Spring Festival holiday celebrating the start of the Year of the Snake, the world’s second-largest economy has witnessed shopping and travel booms ignited by hundreds of millions of Chinese people’s family reunions.

    This year’s holiday, from Jan. 28 to Feb. 4, marks the second consecutive year that people in China have experienced an extended public holiday. People flocked to tourist destinations, enjoyed cultural experiences and indulged in holiday shopping.

    With a string of holiday-targeted domestic blockbusters bringing numerous moviegoers to cinemas across China, the country’s film industry proved to be one of the biggest winners during this Spring Festival consumption spree.

    From Jan. 29 to Feb. 3, the daily box office exceeded 1 billion yuan (nearly 140 million U.S. dollars) for six consecutive days, bringing China’s box office revenue for the 2025 Spring Festival holiday to 8.02 billion yuan, a new record for the same period in the country’s film industry history.

    Meanwhile, according to data from the China Film Administration, China’s total box office in 2025, including real-time presales, has surpassed 10 billion yuan, ranking it first globally.

    Notably, the films on the top of the box office chart were all domestic productions, with “Ne Zha 2,” the animated sequel to the 2019 hit, earning over 3.8 billion yuan.

    “The historic high box office of the Spring Festival holiday reflects the high-quality development in domestic films and highlights the strong recognition of Chinese traditional culture among audiences,” said Rao Shuguang, president of the China Film Critics Association.

    While cinema boomed during the holiday, so did travel and leisure activities across China. Many chose to explore the country’s natural beauty and cultural heritage in person.

    In China’s top ski destination, Altay Prefecture, northwest China’s Xinjiang Uygur Autonomous Region, the period from Jan. 28 to 31 saw 191,900 visitors, generating 225 million yuan in tourism revenue.

    Skiing has definitely become the most popular activity in Altay during the holiday, with a record number of skiers — over 10,000 — visiting the Jiangjunshan ski resort on Feb. 2, marking a 23 percent increase from the previous year.

    Situated at 45 to 47 degrees north latitude, Altay enjoys 170 to 180 days of snowfall annually. In mountainous areas, snow depths average 1 to 2 meters. The terrain is ideal for skiing due to vertical drops of over 1,000 meters.

    “The resort offers many terrain parks and creative features suitable for all levels, making it a great place for everyone to enjoy and challenge themselves,” said Zhang Zhujun, a snowboarding enthusiast at the resort.

    Far to the south, the picturesque Yangshuo County, Guangxi Zhuang Autonomous Region, draws large numbers of domestic and international visitors with its unique natural scenery and rich cultural activities. From Jan. 28 to 30, the county welcomed an estimated 410,600 tourists, generating tourism revenue of 589 million yuan.

    Travel booking platforms echoed the overall trend, with data from Fliggy, a leading online travel agency, showing a surge in bookings, especially from cities like Shanghai, Beijing and Guangzhou. International travel orders increased significantly, with international cruise bookings up more than sixfold compared to the previous year.

    Shanghai Airport Group reported that passenger traffic on Sunday hit a new all-time high of 404,000 people, with Pudong Airport seeing 259,000 passengers and Hongqiao Airport 145,000.

    As the holiday drew to a close, airports and transportation hubs in Shanghai braced for the return of travelers, with heightened coordination of metro, bus and taxi services to ensure smooth transportation, said the group.

    On Monday, the China State Railway Group Co., Ltd. reported a historic milestone as the country’s railways transported 16.45 million passengers, marking the highest single-day passenger traffic in the history of the Spring Festival travel rush.

    On Tuesday, the last day of the holiday, the national railway system is expected to carry 16.9 million passengers, further highlighting the peak in travel activity as hundreds of millions of people return to their destinations after family reunions.

    Consumption was another standout trend, with an increasing number of people seeking to experience China’s rich heritage, motivated by the inscription of the Spring Festival on UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity in December 2024.

    According to data from the Ministry of Commerce, sales at major retail and catering enterprises across China during the first four days of the holiday increased by 5.4 percent compared to the same period last year.

    Meituan, one of China’s leading e-commerce platforms for services, reported a staggering 300 percent year-on-year increase in online reservations for Chinese Lunar New Year’s Eve dinners. Additionally, group-buying orders for “intangible cultural heritage”-themed packages have surged by over 12 times since January year on year, reflecting growing consumer interest in cultural experiences.

    Experts noted that this holiday season saw a shift in consumer behavior, particularly among younger generations and families. “Young families are increasingly becoming the driving force of consumption, with a trend toward diversified, high-quality and culturally rich experiences,” said Sun Jiashan, an associate researcher from the Central Academy of Culture and Tourism Administration.

    Data from Meituan Travel echoed Sun’s observation that young people increasingly chose to celebrate the Spring Festival in smaller cities, immersing themselves in intangible cultural heritage and historical landmarks.

    The increase in cultural tourism and consumption, from heritage experiences to blockbuster films, indicates a growing demand for traditional and contemporary cultural activities.

    “This trend has also raised higher demands for the supply of cultural and tourism products and services, prompting the introduction of new business models and formats that better align with contemporary cultural consumption patterns,” said Sun, highlighting the potential of China’s consumer market and the economy’s internal driving forces.

    MIL OSI China News –

    February 5, 2025
  • MIL-OSI United Kingdom: Nova Quartet bring string classics to Art Gallery’s Cowdray Hall

    Source: Scotland – City of Aberdeen

    From Bond to Broadway, Aberdeen-based string ensemble Nova Quartet bring their popular Classics at the Cowdray series to the Art Gallery’s superb concert venue this spring. 

    The talented musicians of Nova Quartet are making a welcome return to the Cowdray Hall after performing to sell-out audiences last year. They are: Nataliia Naismith and Erin Smith (violin), Emma Crosby (viola) and Gareth John (cello). The quartet trained at prestigious European conservatoires and have performed in some of the world’s most beautiful concert halls. 

    “Can you feel the love tonight?” will be the question on everyone’s lips for the season opener, an irresistible Valentine’s concert on Friday 14 February. “Everything I do, I do it for you” is the theme the show, which includes classical favourites such as Massenet’s Méditation and Pachelbel’s Canon, to classics of film and pop from from artists like Bryan Adams and Elton John. 

    On Friday 14 March, audiences are guaranteed to be both shaken and stirred by an evening of music from the James Bond movies. The bright lights of London’s West End and New York’s Broadway beckon on Friday 11 April, with a selection of songs from favourite musicals.

    The Cowdray Hall concert venue is part of Aberdeen Art Gallery, which opened in 1885. The Hall was a later addition to the building, funded by a gift from Annie, Viscountess Cowdray, whose family has strong links with Aberdeenshire. It was constructed to encourage “a taste for art and music in the city of Aberdeen” and was opened on 25 September 1925 by King George V and Queen Mary. The Hall is renowned for its superb acoustic.

    Councillor Martin Greig, Aberdeen City Council’s culture spokesman, said, “The Cowdray Hall is recognised as a high-quality venue with good acoustics for enjoying the power of live music. This spring it will be great to welcome back Aberdeen’s very talented Nova Quartet who will delight audiences and take them on magical musical journeys. This is the Cowdray’s Hall’s centenary year and the Nova players will really add to the celebrations with their wonderful concerts.”

    Gareth John of Nova Quartet, said: “We were delighted to perform sell out shows at the Cowdray Hall last year. We’re very excited to be back with our Classics series, and to have the opportunity once again to share our own blend of string music with audiences in the beautiful surroundings of the Cowdray Hall.”

    Friday 14 February, 7pm-8pm
    Valentine’s Classics at the Cowdray

    Friday 14 March, 7pm-8pm
    Bond Classics at the Cowdray

    Friday 11 April, 7pm-8pm
    Musicals Classics at the Cowdray

    Cowdray Hall, Aberdeen Art Gallery, Schoolhill, AB10 1FQ
    Tickets £16 / £12 concessions / £35 season ticket (save £13 on all 3 concerts)

    Book now at www.aagm.co.uk

    Image: Nova Quartet (from left): Nataliia Naismith, Erin Smith, Emma Crosby and Gareth John
    Image credit: Chloe Chwoshchenka/Twin Flame

    MIL OSI United Kingdom –

    February 5, 2025
  • MIL-OSI: Channel Factory Selected As Google TV™ Masthead’s Sales Partner

    Source: GlobeNewswire (MIL-OSI)

    CITY OF INDUSTRY, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) — Channel Factory, the global brand suitability and contextual advertising platform, has partnered with Google TV to sell inventory of Google TV Masthead’s ad units on Google TV and Chromecast with Google TV devices in major and emerging markets. Google TV — built into smart TVs and streaming devices — brings together movies, shows, and more from across your apps and subscriptions and organizes them just for you.

    With personalized recommendations from Google, users can discover new movies and shows based on what they’ve watched and what interests them. The Google TV Masthead is the first ad unit users see on the “For You” tab at the top of their Google TV home screen.

    By partnering with Channel Factory, advertisers can leverage the Google TV Masthead to showcase their brands through a high-impact ad unit with strong visibility. Key highlights include:

    • The Google TV Masthead offers a high-impact format that efficiently reaches millions of people in the living room.
    • Drive brand awareness by securing ad space occupying the top and most visible position on the Google TV home screen.
    • Bespoke packages to reach target audiences based on affinity, gender, age, and/or geo-targeting.
    • Opportunities for brand integration on custom-designed seasonal content and 100% SOV of moment-specific content collections on Google TV, including curated carousels of top TV shows and movies to watch around those seasonal moments.

    “The audience shift from linear TV to CTV has been massive, creating more demand for video discovery platforms like Google TV. By partnering with Google TV, we’re allowing our advertising partners to own the first impression on Google TV users,” said Jenny Chau, Chief Solutions Officer at Channel Factory. “Whether as a complement to existing ad strategies on YouTube or a new campaign, we can’t wait to see how brands take advantage of this wholly unique and immersive ad experience.”

    By engaging with Channel Factory, leading global brands like Werner&Metz, De’Longhi, and more can ensure they are front and center during key seasonal moments, signature sporting events, cultural celebrations, and more, through high-impact CTV reach alongside relevant and engaging content.

    Channel Factory’s partnership with YouTube extends far beyond the preferred access brands will now receive with the Google TV Masthead ad format. For over a decade, Channel Factory’s mission has been to help brands align their ads with brand-suitable videos on YouTube. In 2020, Channel Factory was selected to join the YouTube Measurement Program (YTMP), which offers advertisers trusted solutions for driving and measuring marketing performance on YouTube.

    About Channel Factory
    Channel Factory is a global technology and data platform that optimizes business performance and enhances brand reputation through ethical and effective contextual targeting. Utilizing proprietary AI and brand suitability technologies, Channel Factory ensures ads are placed on brand-safe, contextually relevant content across YouTube, CTV platforms, and social media, including Meta and TikTok. Through its conscious media planning, Channel Factory is committed to promoting sustainability, diversity, and positive content, helping brands achieve their goals while fostering a healthier digital ecosystem.

    Channel Factory has a presence in 31 countries across the Americas, Europe, the Middle East, Asia, and ANZ, providing advertisers with IAB standard category lists and customized content options in 49+ languages. For more information about Channel Factory, please visit http://www.channelfactory.com

    Google, YouTube and Google TV are trademarks of Google LLC.

    Media Contact:
    Andrew Krepow
    andrew@broadsheetcomms.com

    The MIL Network –

    February 5, 2025
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