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Category: Farming

  • MIL-Evening Report: Crikey, ChatGPT’s gone bush! How AI is learning the art of Aussie slang

    Source: The Conversation (Au and NZ) – By Ross Yates, Lecturer, Project Management, Edith Cowan University

    Shutterstock

    Ever tried to explain why a sausage would be referred to as a “snag” while overseas, or why the toilet is the “dunny”? If you found this challenging, spare a thought for large language models (LLMs) such as ChatGPT, which have to contend with slang terms from all over the world.

    Is it possible for AI to decipher the strange “code” that is Australian slang, given all the nuance and cultural references loaded into it?

    Cracking the code

    LLMs don’t “understand” language like we do. Rather, they are trained on massive quantities of online text data (including websites, news articles and books) to learn patterns between words. They can then mimic these patterns to produce human-like responses.

    So it follows that unless AI systems can mingle with people in informal real-world settings – or can access TV shows such as Kath and Kim – they’re unlikely to grasp the finer points of our real-world conversations.

    Take words such as “cooked” and “random”, which can have different meanings in different contexts. Or consider the phrase “flat out like a lizard drinking”. What could it mean? Is the speaker comparing themselves to a thirsty reptile sprawled out under a dripping tap?

    The phrase actually refers to being very busy, by using the visual metaphor of a lizard’s fast-moving tongue. While an AI may not make this connection, many people living in Australia will have a lifetime of experience that helps them understand the message being conveyed.

    To further complicate matters, Aussie slang continues to evolve, and doesn’t always follow the rules of grammar and structure.

    Slang phrases tend to follow a looser sentence structure and are often filled with idioms, metaphors, abbreviations and culturally-specific humour. Australian language expert Roland Sussex estimates we use more than 5,000 abbreviations and diminutives.

    Slang also changes from one generation to the next. For instance, one 2010 study suggests older Australians are more likely to shorten words with an “ie” or “o” sound, such as “truckie” instead of “truck driver” and “ambo” instead of ambulance. Young Australians, meanwhile, are more likely to clip words or add an “s”, such as “mobes” for mobile phone.

    Are we there yet?

    Can AI chatbots learn Aussie slang? There is evidence many are already developing a broad understanding of the most frequently used terms and their current interpretations.

    For example, “give it a crack” and “mozzie” are both understood by Amazon’s Alexa.

    In 2021, Alexa partnered with local celebrity Sophie Monk and comedy duo The Inspired Unemployed to incorporate a large collection of Aussie slang into its vocabulary. The personal AI assistant even comes with an Aussie accent feature.

    Keeping up-to-date with changing Aussie slang terms, interpretations and regional dialects is a resource-intensive undertaking. Nonetheless, ChatGPT and other LLMs have made progress on this front, as this example shows:


    ChatGPT/screenshot

    Some chatbots, such as Perplexity AI, can scour the internet in real-time to try and find the best possible response to an input.

    Trying to peek inside

    LLMs continue to advance in their sophistication and capabilities. The most recent models such as GPT 4o, DeepSeek and Claude 3.7 even incorporate “thinking” to tackle more complex tasks by displaying an internal “thought process” before revealing their answer.

    However, research has shown many AI models, when prompted, won’t always reveal the full “chain-of-thought” they followed to arrive at a particular answer.

    This makes it harder for us to understand the models’ intentions and reasoning processes. So while they may be learning to adapt and respond to our niche slang and cultural references, in many ways they remain a black box.

    Beyond that, AI models can only regurgitate our own slang back to us. They can’t grasp why it is meaningful. Nor do they understand the important role slang plays in our society.

    Aussie slang is born out of millions of interactions and conversations – and LLMs can only ever respond to our use of it. To create it remains an entirely human endeavour.

    Ross Yates 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. Crikey, ChatGPT’s gone bush! How AI is learning the art of Aussie slang – https://theconversation.com/crikey-chatgpts-gone-bush-how-ai-is-learning-the-art-of-aussie-slang-253939

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: ICE HSI Gulfport, partners, investigate illegal immigration, cockfighting operations

    Source: US Immigration and Customs Enforcement

    Gulfport, Miss. – U.S. Immigration and Customs Enforcement, jointly with the U.S. Department of Agriculture and other partners, executed search warrants involving illegal immigration, cockfighting and other criminal activity in Southern Mississippi May 3.

    The investigation was led by the ICE Homeland Security Task Force and the Border Enforcement Security Task Force. In addition to possible state and federal charges relating to animal fighting and gambling, other investigative areas included illegal aliens, narcotics and weapons. Partners in the operation include ICE Enforcement and Removal Operations, Harrison County Sheriff’s Office, U.S. Customs and Border Protection, the Drug Enforcement Administration, the Bureau of Alcohol, Tobacco, Firearms and Explosives and FBI.

    ICE Gulfport special agents and deportation officers are in the process of positively identifying all encountered individuals, as well as checking immigration records.

    ICE Gulfport will seek state and federal criminal or administrative charges as appropriate. Federal prosecutions will be led by the Southern District of Mississippi United States Attorney’s Office.

    “In addition to the acts of animal cruelty perpetrated by the operators and encouraged by the participants, underground gambling operations such as these often have ties to other significant crimes including narcotics violations, money laundering, and acts of violence,” said ICE HSI New Orleans Special Agent in Charge Eric DeLaune. “These crimes degrade the safety of our communities, and we are proud to be the ones stopping these illegal operations.”

    “The Office of Inspector General is committed to working with all of our law enforcement and prosecutorial partners in pursuing individuals who choose to participate in animal fighting activities and engage in violations involving animal welfare, while also committing other serious offenses in our communities,” said Special Agent-in-Charge Dax Roberson of the U.S. Department of Agriculture-Office of Inspector General.

    “The United States Attorney’s Office for the Southern District of Mississippi is working with our law enforcement partners to ensure that those who violate our nation’s immigration, narcotics, and animal cruelty laws are held accountable,” said Acting Southern District of Mississippi U.S. Attorney Patrick Lemon.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations, and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces and Project Safe Neighborhood.

    The public is reminded that all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News –

  • MIL-OSI USA: UConn Students Pitch Tech Startups at Semester-End Showcase

    Source: US State of Connecticut

    On April 28, students in a Technology Innovation and Entrepreneurship class capped off their academic year-long entrepreneurial journey by pitching their technology-based startup ventures at the course’s final pitch day.

    The event, held at the Innovation Partnership Building, featured eight student teams presenting to an audience of guest judges, peers, and visiting international students. A networking hour with light refreshments followed, offering time for further discussion and connection. 

    The course, co-taught by Dr. Leila Daneshmandi from the College of Engineering and Sam Nanayakkara from the School of Business, is an interdisciplinary, project-based class that brings together students from across campus to form teams and tackle real-world problems with innovative technology solutions.

     

    This year’s cohort included students from five UConn schools and colleges: Engineering; Business; Nursing; Fine Arts; and Agriculture, Health and Natural Resources. Participants ranged from first-year undergraduates to graduate students. 

    The Flexapy team presenting their mobile app pitch idea to a panel of judges. (UConn Photo/Sarah Redmond)

    “The students have to work across disciplines, build communication skills, and collaborate as a team. That’s part of their learning journey,” said Nanayakkara. “They’re not just learning how to start a company, they’re learning how to work with people who think differently from them, how to adapt, and how to lead. These are skills that apply far beyond entrepreneurship, whether they go into startups, industry, or any field where innovation and collaboration matter.” 

    Many of the 26 students began developing their ventures in the fall semester’s Technology Innovation and Entrepreneurship I course. That course introduces ideation, design thinking, and business models.  

    The spring sequel focuses on startup strategy, product-market fit, prototyping, and financials. Together, the courses form a year-long, hands-on sequence designed to help students build viable, scalable technology ventures. No prior experience is required to enroll in the Fall course. 

    This spring, Joseph Luciani from the College of Engineering’s Innovation Shop joined the instructional team, providing students with support in prototyping and technical development, further strengthening the course’s emphasis on building real, working solutions. 

    The student teams focused on solutions across a wide range of areas, including charging infrastructure, AI regulations, energy trading, healthcare, elderly care, mobility assistance, physical therapy, and agriculture. The ventures pitched were OptiEnerX, Safety Assurance Index, SoleShift, Transferable, PowerBid, Goldilocks, SmarThyCheck, and Flexapy. 

    The audience also included 24 visiting students from the U.S. Department of State’s Young Southeast Asian Leaders Initiative (YSEALI), who were on campus for a five- week entrepreneurship program hosted by UConn’s Global Training and Development Institute. The YSEALI students observed the final presentations, asked thoughtful questions, and joined the networking session following the pitches. 

    “The event was a perfect reflection of UConn’s entrepreneurial spirit and culture of innovation,” said Dr. Tolga Turker, Director of Global Entrepreneurial Programs at UConn’s Global Development and Training Institute. “The student pitches showcased bold imagination and real-world problem-solving, inspiring the YSEALI fellows to pursue their own ideas.”

    A panel of guest judges provided constructive feedback and insights, helping teams refine their ideas and build confidence in presenting to external stakeholders.

    The event also welcomed course alum Sage Bhagwansingh, founder of Sage Scenes, who returned to support the event and contributed videography, demonstrating the strong and growing community around UConn’s innovation programming. 

    [embedded content]

    “It is incredibly rewarding for us to see how far these students have come, not just in developing their ventures but in how they think, communicate, and lead. We challenge them to step outside their comfort zones and take ownership of the process, from problem discovery to real-world prototyping and startup strategy,” said Daneshmandi, who is also the director of the College of Engineering’s Entrepreneurship Hub. “What they gain is not just entrepreneurial knowledge. It is confidence, adaptability, and an innovative mindset that will stay with them no matter where they go next.”

    Students interested in exploring technology entrepreneurship are encouraged to reach out to Daneshmandi. Both courses are offered jointly through the College of Engineering and the School of Business and are open to students of all majors and designed to support innovators at every stage. 

    For more information about support for technology innovation and entrepreneurship, please visit the eHub.

    View photos from the event.

    MIL OSI USA News –

  • MIL-OSI: AvePoint to Participate in May Investor Conferences 

    Source: GlobeNewswire (MIL-OSI)

    JERSEY CITY, N.J., May 05, 2025 (GLOBE NEWSWIRE) — AvePoint (Nasdaq: AVPT), the global leader in data security, governance and resilience, today announced that members of the Company’s executive management team will present at the following investor conferences: 

    • TD Cowen 53rd Annual Technology, Media & Telecom Conference (New York, NY): Thursday, 5/29 at 2:25 pm ET 
    • Jefferies Public Technology Conference (Newport Coast, CA): Thursday, 5/29 at 10:30am PT

    In addition, AvePoint will attend the following investor conferences: 

    • 20th Annual Needham Technology, Media & Consumer 1×1 Conference (Virtual): Monday, 5/12
    • Evercore ISI Software 1×1 Day (New York, NY): Thursday, 5/29
    • Morgan Stanley Virtual ASEAN Conference 2025 (Virtual): Thursday, 5/29

    A live and archived audio webcast of all presentations will be available on the AvePoint Investor Relations website.

    About AvePoint:

    Beyond Secure. AvePoint is the global leader in data security, governance, and resilience, going beyond traditional solutions to ensure a robust data foundation and enable organizations everywhere to collaborate with confidence. Over 25,000 customers worldwide rely on the AvePoint Confidence Platform to prepare, secure, and optimize their critical data across Microsoft, Google, Salesforce, and other collaboration environments. AvePoint’s global channel partner program includes approximately 5,000 managed service providers, value-added resellers, and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Annual Report on Form 10-K. Copies of this and other documents filed by AvePoint from time to time are available on the SEC’s website, www.sec.gov. This filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms “AvePoint,” “the Company,” “we,” “our” and “us” refer to AvePoint, Inc. and its subsidiaries.

    Disclosure Information:

    AvePoint uses the https://www.avepoint.com/ir website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

    Investor Contact
    AvePoint
    Jamie Arestia
    ir@avepoint.com
    (551) 220-5654

    Media Contact
    AvePoint
    Nicole Caci
    pr@avepoint.com
    (201) 201-8143

    The MIL Network –

  • MIL-OSI USA: Hoeven, Cramer: Brad Thykeson & Tom Campbell Appointed to Serve in Key USDA Positions

    US Senate News:

    Source: United States Senator for North Dakota John Hoeven
    05.02.25
    Senators Recommended Thykeson as FSA State Executive Director, Campbell as Rural Development State Director
    WASHINGTON – U.S. Senators John Hoeven and Kevin Cramer today announced the Trump administration appointed Brad Thykeson and Tom Campbell to key leadership positions at the U.S. Department of Agriculture’s (USDA) state offices in North Dakota:
    Brad Thykeson will serve as the next North Dakota State Executive Director of the Farm Service Administration (FSA).
    Tom Campbell will serve as the next North Dakota State Director for Rural Development (RD).
    Brad Thykeson – Farm Service Agency State Executive Director
    The senators supported reinstating Brad Thykeson to serve as the North Dakota FSA Executive Director. Thykeson is a life-long farmer, who served in the same position during President Trump’s first term. During his previous tenure leading the agency, Thykeson implemented FSA programs and oversaw policies providing producers with assistance in times of market uncertainty and natural disasters.
    “Brad Thykeson has a proven track record at FSA, having helped ensure farmers could navigate challenges new and old,” said Hoeven and Cramer. “Between an increased cost of production, efforts to secure better trade deals and an ongoing recovery from wildfires and harsh weather, our farmers need someone at the head of the state FSA office who knows our ag economy. Brad is the right person for the job, and we appreciate the administration for heeding our call to reinstate him to this critical position.”
    Tom Campbell – North Dakota State Director for Rural Development
    In recommending him to lead the USDA’s rural development efforts in North Dakota, Hoeven and Cramer cited Campbell’s experience as a lifelong farmer as well as his extensive public service. Campbell is the co-founder of Campbell Farms, a multi-locational potato production farm and served in the North Dakota State Senate from 2013 to 2018.
    “The RD State Director position calls for a person ready to serve the community on day one. Time and again, Tom has answered the call to be a public servant. From his service in the North Dakota Senate to a variety of leadership roles with both local and national agricultural groups, Tom has worked to help fellow producers manage agricultural policy. This long history of building relationships with producers in the state and advocating for policies that benefit farmers, ranchers and rural communities will serve him well in the state director position,” said the senators.

    MIL OSI USA News –

  • MIL-OSI USA: Steil Announces 2025 Congressional Art Competition Winner: Joshua Utley from Mount Pleasant

    Source: United States House of Representatives – Representative Bryan Steil (Wisconsin-1)

    Janesville, WI – Today, Congressman Bryan Steil (WI-01) announced Joshua Utley as the winner of the 2025 Congressional Art Competition for Wisconsin’s First Congressional District.

    WINNER: Cow in the Way by Joshua Utley

    Joshua Utley and his graphite piece, Cow in the Way, is the winner of the 2025 Congressional Art Competition. Joshua is a Junior at the Prairie School in Racine, where he is taught by Ms. Vicki Schmitz.

    “Congratulations, Joshua, on winning the 2025 Congressional Art Competition! Each year, I’m impressed by the talent and creativity of students throughout the First Congressional District. Cow in the Way reflects the talent of Wisconsin’s next generation and the impact our art teachers have on students across our state,” said Steil. “I look forward to seeing your piece hang in the U.S. Capitol.”

    NOTE: The Congressional Art Competition is an annual competition open to high school students from across the United States. Each Congressional office selects one winner to display in the tunnel connecting the Cannon House Office Building to the U.S. Capitol traveled daily by members of Congress, staff, and visitors to Washington, D.C.

    MIL OSI USA News –

  • MIL-OSI USA: Van Orden Calls for Adjustment to SNAP Funding Proposal, Protections to Medicaid

    Source: United States House of Representatives – Congressman Derrick Van Orden (Wisconsin 3rd)

    WASHINGTON, D.C. – Last week, Congressman Derrick Van Orden (WI-03) urged House Agriculture Committee Chairman G.T. Thompson to reconsider an adjustment proposal to the Supplemental Nutrition Assistance Program (SNAP). To adhere to the reconciliation budget instructions agreed to by the House and Senate, the House Agriculture Committee proposed shifting a blanket 25% of SNAP costs on state governments.

    Congressman Van Orden proposed an alternative that would tie each state’s cost-sharing responsibility to its SNAP error rate. For instance, Wisconsin had a 4.74% overpayment error rate in 2023, so the state would be responsible for 4.74% of the cost.

    In addition to the letter, Rep. Van Orden signed on to a resolution that would prevent budget reconciliation from cutting Medicaid and SNAP benefits for the most vulnerable populations.

    “I write today in strong opposition to the reckless proposals under consideration that would impose up to 25% of the Supplemental Nutrition Assistance Program (SNAP) costs on state governments,” Rep. Van Orden states in the letter. “However, any solution must avoid placing disproportionate burdens on rural states, where food insecurity is often more widespread. These communities are already underserved – we cannot place the financial responsibility on the backs of some of our most vulnerable populations, including hungry children. Period.”

    The Congressman continues, “Rather than threatening the benefits of those who rightfully receive SNAP, we should focus efforts on correcting inefficiencies. In FY2023, the national SNAP overpayment error rate was 10.03%, resulting in an estimated $13 billion in improperly issued benefits. This is where our attention should be.”

    To read the full letter, click here or scroll below.

     

    April 30, 2025

     

    The Honorable Glenn “GT” Thompson

    House Agriculture Committee

    1300 Longworth House Office Building

    Washington, D.C. 20515

     

    Dear Chairman Thompson,

     

    I write today in strong opposition to the reckless proposals under consideration that would impose up to 25% of the Supplemental Nutrition Assistance Program (SNAP) costs on state governments.

    As you know, SNAP is currently funded entirely by the federal government, while state agencies are responsible for administering the program, including determining eligibility and distributing benefits. I fully support holding states accountable and agree that we must aggressively address the overpayments, fraud, waste, and abuse that undermine the program’s integrity.

    However, any solution must avoid placing disproportionate burdens on rural states, where food insecurity is often more widespread. These communities are already underserved—we cannot place the financial responsibility on the backs of some of our most vulnerable populations, including hungry children. Period.

    Rather than threatening the benefits of those who rightfully receive SNAP, we should focus efforts on correcting inefficiencies. In FY2023, the national SNAP overpayment error rate was 10.03%, resulting in an estimated $13 billion in improperly issued benefits. This is where our attention should be.

    I propose an alternative to a blanket 25% cost shift: tie each state’s cost-sharing responsibility to its SNAP error rate. For instance, Wisconsin had a 4.74% overpayment error rate in 2023, so the state would be responsible for 4.74% of the cost—not a penny more. It is fair, proportional, and incentivizes good program management by holding states that have run the program with large error directly accountable for their mishandling of funds without a bailout from the states who have responsibly administered program benefits.

    We can fix what is broken without punishing those who need this program most.

     

    Sincerely,

    Derrick Van Orden

    Member of Congress

    MIL OSI USA News –

  • MIL-OSI USA: Congresswoman Lauren Boebert Statement on FSA Director Jerry Sonnenberg

    Source: United States House of Representatives – Representative Lauren Boebert (Colorado, 3)

    EATON, CO– Congresswoman Lauren Boebert (CO-04) provided the following statement on the appointment of former Logan County Commissioner Jerry Sonnenberg as the next U.S. Department of Agriculture Farm Service Agency Director for Colorado:

    “Jerry Sonnenberg is a fantastic choice to be the FSA Director for Colorado and I look forward to working with him to bring real support and helpful reforms for our ranchers and farmers across the Eastern Plains. I’ve gotten to know Jerry over the past year and a half as someone who cares deeply about the health and future of our agriculture industry, a farmer from birth who has passed on his business to his children in Logan County. Jerry is trusted and respected by Coloradans from every background and will always put his community’s interests first. I’m grateful to President Donald J. Trump and U.S.D.A. Secretary Brooke Rollins for making this appointment and I’m excited to see what we can all accomplish together for our farmers and ranchers in the 4th District.”

    BACKGROUND:

    Congresswoman Boebert’s recommendation letter for Jerry Sonnenberg to the U.S. Department of Agriculture can be read HERE.

    Colorado Politics: Former State Senator Jerry Sonnenberg named head of Farm Service Agency for Colorado by President Trump

    Sterling Journal-Advocate: Sonnenberg appointed to run FSA in Colorado

    MIL OSI USA News –

  • MIL-OSI USA: ICE Phoenix arrest Guatemalan criminal alien wanted by authorities in New Mexico on a sex-related offense against a child

    Source: US Immigration and Customs Enforcement

    PHOENIX, Ariz. — U.S. Immigration and Customs Enforcement Phoenix officers and agents arrested criminal alien Francisco Alexander Pablo-Antonio, 23, on May 2, following a routine vehicle stop.

    Though the Guatemalan national was arrested in Phoenix, Pablo faces an outstanding criminal arrest warrant in New Mexico’s Magistrate Court for the County of San Juan, where he is charged with criminal sexual communication with a child, a Class Four felony offense.

    “Illegal aliens who perpetrate egregious crimes against the most vulnerable in our communities will be prioritized for arrest and detention,” said ERO Deputy Field Office Director Alejandro Almeida. “ERO Phoenix is resolute in its mission to protect American communities through robust immigration enforcement efforts focused on public safety.”

    Pablo was initially encountered by U.S. Border Patrol agents near El Paso, Texas, in December 2018. He was issued a notice to appear in March 2019 and released on his own recognizance with strict conditions. An immigration judge ordered Pablo removed from the United States on Sept. 7, 2019, three days before the New Mexico Farmington Magistrate filed criminal charges against him.

    He will be held without bond pending determination on his criminal case.

    If you have information about foreign fugitives, transnational gang members or other criminal aliens who are in the U.S. illegally, call the ICE Tip Line at 866-347-2423 or internationally at 001-1802-872-6199. You can also file a tip online by completing ICE’s online tip form.

    For more news and information on how ICE carries out its immigration enforcement mission in Arizona, follow us on X at @ERO__Phoenix.

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to Pennsylvania Small Businesses and Private Nonprofits Affected by September Drought

    Source: United States Small Business Administration

    ATLANTA – The  U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP)organizations of the June 2 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Sep. 24, 2024.

    The disaster declaration covers Greene, Fayette, and Washington counties in Pennsylvania as well as Marshall, Monongalia, and Wetzel in West Virginia.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to SBA no later than June 2, 2025.

    ###

    About the U.S. Small Business Administration  

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI: Five Star Bancorp Expands Food and Agribusiness Vertical

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CORDOVA, Calif., May 05, 2025 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, has expanded its food and agribusiness vertical to serve clients nationwide.

    The vertical, now called Food, Agribusiness & Diversified Industries, will include increased support of clients in production agriculture, wholesale distribution and retail, manufacturing, food processing, and food distribution services. An initial team of three seasoned professionals will be led by Five Star Bank’s Senior Vice President and Group Managing Director, Cliff Cooper, who has over 35 years of banking expertise in food and agribusiness.

    “Five Star Bank understands and appreciates the significance and value of those who bring food to our tables, from farmers, ranchers, and growers to food processors, manufacturers, packers, shippers and distributors,” said Cooper. “Five Star Bank knows the cyclical nature of food and agriculture and helps clients navigate commodities and economic cycles. For me, there is no greater purpose than ensuring those who feed our nation are provided with the most exceptional banking services available – services built on trust, partnership and shared values. They will have all of this and more at Five Star Bank.”

    This enhanced vertical aligns with Five Star Bank’s organic growth strategy, which includes building geographies and business units through its high-tech and high-touch approach to business banking.

    “There is no substitute for in-person conversations and connectivity – the hallmarks of doing business with Five Star Bank,” said James Beckwith, Five Star Bank President and CEO. “This differentiated customer experience requires tremendous client trust, which is critically important to the agricultural community. We are committed to clients in the Food, Agriculture & Diversified Industries sector. We are also committed to playing a key role in honoring the work and legacy of those who bring food to tables across our nation.”

    To learn more about Five Star Bank, please visit https://www.fivestarbank.com.

    About Five Star Bancorp
    Five Star Bancorp is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. The bank has eight branches in Northern California. For more information, visit https://www.fivestarbank.com.

    Investor contact
    Heather C. Luck, Chief Financial Officer
    Five Star Bancorp
    (916) 626-5008
    hluck@fivestarbank.com

    Media contact
    Shelley R. Wetton, Chief Marketing Officer
    Five Star Bancorp
    (916) 284-7827
    swetton@fivestarbank.com

    The MIL Network –

  • MIL-OSI Banking: ICC leadership joins B20 South Africa task forces 

    Source: International Chamber of Commerce

    Headline: ICC leadership joins B20 South Africa task forces 

    Bolstering ICC’s engagement as an official B20 Network Partner, ICC representatives will lend expertise and leadership to co-chair the following B20 task forces: 

    Co-Chair, Finance and Infrastructure  
    John W.H. Denton AO, ICC Secretary General,   

    Industrial Transformation and Innovation  
    Shinta Kamdani, ICC Executive Board Vice-Chair, and Marjorie Yang, ICC Executive Board Member   

    Digital Transformation  
    Karan Bilimoria, Chair, ICC United Kingdom 

    The B20 is the official platform for the international business community to support the work of the G20 process. Since 2010, when the B20 was established, ICC has played a consistent and leading role in shaping the process, providing policy leadership and expertise, amplifying outcomes and supporting continuity, most recently as an official B20 Network Partner. 

    This year’s G20 Presidency is held by South Africa, marking the first time it has been led by an African nation. The B20 is hosted by Business Unity South Africa (BUSA).  

    The B20 Secretariat has convened the following eight task forces: 

    • Employment & Education 
    • Trade & Investment 
    • Energy Mix & Just Transition 
    • Digital Transformation 
    • Integrity & Compliance 
    • Finance & Infrastructure 
    • Sustainable Food Systems & Agriculture 
    • Industrial Transformation & Innovation. 

    Each of the eight task forces is chaired by a business leader from Africa and will produce a series of policy recommendations in line with the B20’s theme of Inclusive Growth and Prosperity through Global Cooperation. 

    Highlighting the unique agency of South Africa’s G20 Presidency and how ICC is working to support its success, ICC Secretary General John W.H. Denton AO, who participated in the B20 South Africa launch in Cape Town in February 2025, said: 

    “The G20 process in South Africa represents a unique opportunity to revitalise multilateralism in the current context. At ICC we are honoured to be B20 Network Partners once again, supporting all eight of the Task Forces this year. We look forward to working closely with the Secretariat to ensure the private sector is positioned as a true partner to these important discussions, leveraging our global network and policy insights.”  

    In addition to task force co-leadership roles, ICC B20 support includes the participation of 19 members of the ICC leadership across the eight task forces, policy support from the ICC Global Policy department, and network support from the ICC Agri-Food Initiative.

    MIL OSI Global Banks –

  • MIL-OSI USA: Vasquez Introduces Bipartisan Bill to Expand High-Speed Internet Across Rural New Mexico

    Source: US Representative Gabe Vasquez’s (NM-02)

    WASHINGTON, D.C. — Today, Representative Gabe Vasquez (NM-02) introduced the ReConnecting Rural America Act of 2025, bipartisan legislation that would permanently authorize and improve the United States Department of Agriculture’s (USDA) ReConnect Program, which delivers broadband internet to underserved rural communities. The legislation is co-led by Representatives Zach Nunn (R-IA) and Eric Sorensen (D-IL).

    “In places like southern New Mexico, lack of broadband means a student falls behind in school, a rancher misses out on modern ag tools, or a senior can’t connect to telehealth services,” said Vasquez. “Every family and small business deserves access to high-speed internet, no matter their zip code. My bipartisan bill invests in the infrastructure rural communities need to stay connected, competitive, and healthy.”

    Almost one in four rural New Mexicans still lacks access to reliable broadband, cutting them off from critical services and opportunities that are increasingly dependent on digital access—including education, healthcare, agriculture, and small business development.

    “In our interconnected world, it is essential that American families and small businesses across the country have access to reliable high-speed internet no matter where they live,” said Congressman Eric Sorensen. “The ReConnect Program helps do that by delivering affordable internet to rural communities that too often find themselves left behind. I’m proud to support bipartisan legislation that will improve this program to help our small business compete globally and ensure families can connect with loved ones, school, and health care providers.” 

    “As small broadband providers in rural areas work tirelessly to bridge the digital divide, the ReConnect program has been an important resource to get the job done,” said Shirley Bloomfield, NTCA Rural Broadband Association CEO. “The ReConnecting Rural America Act improves upon this already successful program to better target funding where it is needed most, recognizes that experience matters when it comes to delivering rural broadband, and ensures that those in the most rural and hard to serve areas receive the same high-quality, high-speed broadband as those in urban areas. We greatly appreciate Representative Nunn for introducing this legislation today and thank him for his leadership on this critical issue.”

    The ReConnecting Rural America Act of 2025 would codify and enhance the ReConnect Program within the Rural Electrification Act, establishing stronger minimum broadband speeds and ensuring federal support reaches the communities most in need of internet service upgrades. It addresses the disparities in internet connection by:

    • Authorizing $650 million annually through 2030 for broadband deployment in unserved and underserved rural areas,
    • Requiring a minimum broadband speed of 100 Mbps upload and 100 Mbps download,
    • Focusing funding on areas where at least 75% of households lack access to 100/20 Mbps service,
    • Allowing USDA to offer a mix of loans, grants, and loan/grant combinations,
    • Prioritizing small, remote, and underserved rural communities, and
    • Providing up to 100% grant funding for tribal areas, colonias, and other socially vulnerable or persistently poor communities.

     

    The bill also supports the deployment of broadband for precision agriculture on cropland and ranchland, and ensures that participating providers join affordability programs such as Lifeline or the Affordable Connectivity Program. It is endorsed by the National Rural Electric Cooperatives Association and NTCA – The Rural Broadband Association.

    Text of the bill can be found here.

     

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Senator Marshall Applauds Newly Appointed Kansas USDA Officials 

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Washington –U.S. Senator Roger Marshall, M.D. (R-Kansas) today issued a statement on the appointment of Gimmie Jo Jansonius as the new U.S. Department of Agriculture (USDA) Rural Development (RD) State Director and David Schemm as the USDA Farm Service Agency (FSA) State Director for the state of Kansas.
    “President Trump has always prioritized rural America, and I applaud his selections for our state’s new USDA Rural Development and Farm Service Agency State Directors,” said Senator Marshall. “As rural Kansans themselves, I’m confident that Gimmie Jo and David will be champions for our state. I look forward to working with them to ensure Kansas fully benefits from federal resources that drive growth and prosperity.”
    FSA State Directors help implement President Trump’s America First agenda and execute the USDA’s policies in planning, organizing, and administering FSA programs through state offices across the country. RD State Directors help affirm the mission of the Trump Administration by focusing on finding ways to empower rural America and unleash economic prosperity.
    “When America’s farming communities prosper, the entire nation thrives. This new group of USDA appointees will ensure President Trump’s America First agenda is a reality in rural areas across the country. I am grateful for the leadership of these new state directors and look forward to their work reorienting the agency to put Farmers First again,” said Secretary Rollins.
    “It is a privilege to serve a President and Secretary of Ag that want to not just make America great, but Ag great again too,” said Schemm. “Kansas farmers and ranchers know the importance of having an efficient and effective operation is to their success and that is what I will be focusing on at Kansas FSA.
    “As a sixth generation Kansan, I am excited for the opportunity to serve my state in delivering vital resources and opportunities to rural communities and businesses,” said Jansonius. “President Trump and Secretary Rollins have laid out a vision for a strong and prosperous rural America and I look forward to carrying out that vision here in Kansas. The Rural Development office is a champion for our communities and is instrumental in the future growth and prosperity of our great state.”  
    Background:
    David Schemm, State Executive Director, Kansas Farm Service Agency
    David Schemm serves as State Executive Director for the Farm Service Agency in Kansas. David formerly served in this position during the first Trump Administration and has also served as Agricultural Advisor for U.S. Senator Dr. Roger Marshall. David works with his wife, Lisa, and son, Clay on their Western Kansas farm.
    Gimmie Jo Jansonius, State Director, Kansas Rural Development
    Gimmie Jo Jansonius serves as State Director for Rural Development in Kansas. A sixth-generation rancher actively involved in production agriculture, Mrs. Jansonius’s family’s business consists of a cow calf herd, small row crop farm, and direct beef sales enterprise where the seventh generation has also put down roots and returned home to rural America working in agriculture and healthcare.

    MIL OSI USA News –

  • MIL-OSI Canada: Agriculture Student Scholarship Recipients Announced in Saskatchewan

    Source: Government of Canada regional news

    Released on May 5, 2025

    Today, Saskatchewan students pursuing a post-secondary education in agriculture were awarded the Agriculture Student Scholarship.

    “It’s encouraging to see such passionate and knowledgeable youth in this year’s Agriculture Student Scholarship submissions,” Agriculture Minister Daryl Harrison said. “Saskatchewan producers are generational leaders when it comes to innovation and sustainability and that is why we continue to invest in the education of our future industry leaders. Congratulations to this year’s recipients.”  

    Abbey Norek is this year’s Agriculture Student Scholarship grand-prize $6,000 winner.

    Norek’s winning video highlighted an urban-rural disconnect when it comes to agriculture. She proposed education and advocacy as key solutions to this issue. Demonstrating strong personal commitment to this topic, she discussed her experience building a school garden using recycled materials, leading outreach programs on her family farm and lobbying for agriculture electives in her school division.  

    Norek is excited about encouraging other young people involved in agricultural education.

    “What it really comes down to is education and spreading awareness about what farming is really like so more people can build trust in it,” Norek said. “Hopefully more young people want to come into this amazing industry.”  

    Noah Skoropad from Chamberlin, Rebecca Mayerle from Tisdale and Ty Annand from Nipawin were all awarded $3,000 as the runners-up. The recipients will be attending post-secondary at the University of Saskatchewan in the fall at the College of Agriculture and Bioresources seeking a Bachelor of Science in Agriculture degrees.  

    For more information on the scholarship winners and their submissions, visit: www.saskatchewan.ca/ag-public-trust.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI USA: SBA Relief Still Available to Ohio Small Businesses and Private Nonprofits Affected by September Drought

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Ohio of the June 2 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Sept. 24, 2024. 

    The disaster declaration covers the Ohio counties of Adams, Brown, Butler, Clermont, Clinton, Coshocton, Guernsey, Hamilton, Highland, Holmes, Knox, Licking, Montgomery, Muskingum, Pike, Preble, Scioto, Tuscarawas and Warren and Dearborn, Franklin, and Union in Indiana as well as Boone, Bracken, Campbell, Kenton, Lewis, Mason, and Pendleton in Kentucky. 

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises. 

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster. 

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition. 

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. 

    The deadline to return economic injury applications is June 2, 2025. 

    ### 

    About the U.S. Small Business Administration 

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI USA: Junior Named Key Into Public Service Scholar

    Source: US State of Connecticut

    Andy Zhang ’26 (CLAS, CAHNR) has been selected as a Key into Public Service Scholar by the Phi Beta Kappa Society, the nation’s oldest academic honor society and a leading national advocate for the value of liberal arts and sciences education.

    The program annually recognizes 20 exceptional arts and sciences students with a demonstrated interest in pursuing careers in local, state, and federal government. This year, over 800 students applied for the honor.

    Zhang, an economics and environmental sciences major, will receive a $5,000 scholarship and will participate in a Washington, D.C., conference providing training, mentorship, and opportunities for reflection on pathways to active citizenship.

    “This award perfectly aligns with a lot of my interests given that it has a strong focus on liberal arts, public service, and natural sciences,” says Zhang. “It is a wonderful opportunity as I look towards my future.”

    Zhang is president of UConn’s Undergraduate Student Government and is involved in a number of environmental groups on campus. He is president and founder of the UConn chapter of Plant Futures, an organization focused on addressing the climate crisis through a plant-centric future.

    He is a student ambassador for the College of Agriculture, Health and Natural Resources and a sustainability intern for the Office of Sustainability.

    Zhang served as a food policy intern for Friends of the Earth and was a Forge Fellow for the Roosevelt Network, where he engaged in weekly economic policy programming and collaborated with other fellows to deliver a policy critique on energy democracy.

    “What really sets Andy apart is his combination of originality and high energy,” says economics professor Richard Langlois. “His energy and enthusiasm help explain his success as an organizer and booster of environmental causes on campus. It is contagious energy, and other students want to be swept along.”

    Zhang was a sustainability intern for Akin Gump Strauss Hauer & Feld LLP, a fellow for the Paragon Policy Fellowship, and a Different Maker Mentor for the UConn Natural Resources Conservation Academy.

    This summer, he will work at the New York State Attorney General’s Environmental Protection Bureau, where he will continue to contribute to meaningful statewide climate action.

    Following graduation, he plans to pursue a law and public policy degree with the goal of shaping equitable food and climate policy at the federal level. Zhang hopes to do that either working in the federal government or at a nonprofit organization.

    Zhang grew up in Sandy Hook and was a third grader at Sandy Hook Elementary School on the day of the mass shooting in December 2012.

    “It wasn’t until college that I began to fully understand how that experience shaped me,” says Zhang. “What has stayed with me most is the power of community — the way people came together in the aftermath, supported one another, and built something stronger. That sense of collective care and resilience is what drives me now, whether I’m advocating for climate justice, building coalitions, or serving in student government. I believe public service is ultimately about showing up for others, especially in times of crisis.”

    MIL OSI USA News –

  • MIL-OSI: Best Slots to Play Online for Real Money — JACKBIT: Crowned #1 Destination for Top-Rated Slot Games

    Source: GlobeNewswire (MIL-OSI)

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    Big Bass Bonanza (Pragmatic Play)

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    Gates of Olympus (Pragmatic Play)

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    Sweet Bonanza (Pragmatic Play)

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    Book of Dead (Play’n GO)

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    Sugar Rush (Pragmatic Play)

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    Goddess of the Night (Evoplay)

    This mystical 5×3 slot has a 95.97% RTP and medium volatility, with a max win of 2,803x. Features like Drop Mechanic, Multipliers, Wilds, and Free Spins add depth to its gameplay. The enchanting theme and balanced payouts make it a compelling choice for slots for real money.

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    Where to Play These Slots Online for Real Money – JACKIT is Ranked as the Best Online Casino Featuring Online Slots Game

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    Online casinos offer various slot types to suit different preferences:

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    Slot Developers Behind the Best Online Slots

    Top developers create the best slots to play online for real money:

    • Pragmatic Play: Known for Sweet Bonanza, Big Bass Bonanza, and Sugar Rush, offering vibrant themes and innovative features (Pragmatic Play).
    • Play’n GO: Creators of Book of Dead, delivering engaging real money slot games with high RTPs (Play’n GO).
    • NetEnt: Renowned for Starburst, providing high-quality online casino slots real money experiences.
    • Microgaming: Offers progressive jackpots like Mega Moolah for slots win real money.
    • Evoplay: Develops Goddess of the Night, blending unique themes with solid payouts (Evoplay).

    Real Money Slots with the Best RTP for Big Wins at JACKBIT

    RTP (Return to Player) measures the percentage of wagered money a slot returns over time. Higher RTPs suggest better long-term returns:

    Big Bass Bonanza

    • RTP: 96.71%
    • Volatility: High
    • Max Win: 2,100×

    Gates of Olympus

    • RTP: 96.50%
    • Volatility: High
    • Max Win: 5,000×

    Sweet Bonanza

    • RTP: 96.49%
    • Volatility: High
    • Max Win: 21,175×

    Book of Dead

    • RTP: 96.21%
    • Volatility: High
    • Max Win: 5,000×

    Sugar Rush

    • RTP: 96.50%
    • Volatility: High
    • Max Win: 5,000×

    Goddess of the Night

    • RTP: 95.97%
    • Volatility: Medium
    • Max Win: 2,803×

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    FAQ: Best Slots to Play Online for Real Money

    What are the best slots to play online for real money?
    Games like Big Bass Bonanza, Gates of Olympus, and Sweet Bonanza offer high RTPs and exciting features for real money wins.

    Can I win real money playing online slots?
    Yes, online slots that pay real money at licensed casinos like JACKBIT can yield real cash through wins and jackpots.

    What is the RTP of popular slot games?
    Book of Dead has a 96.21% RTP, Sweet Bonanza 96.49%, and Big Bass Bonanza 96.71%, indicating solid returns.

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    Licensed casinos like JACKBIT use RNGs to ensure fair casino slots real money gameplay, certified by independent auditors.

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    Sign up at JACKBIT, deposit funds via PayID or crypto, choose a slot, set your bet, and spin for slots win real money.

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    Disclaimer
    This content is for informational purposes only and should not be taken as legal or financial advice. Information is based on research available at the time of writing—please verify independently before making decisions.

    Gambling Warning
    Online gambling involves risk and may not suit everyone. Ensure you’re of legal gambling age and comply with local laws. Participation is your responsibility. We are not affiliated with JACKBIT and are not liable for any disputes, losses, or issues that may arise.

    Affiliate Note
    Some links may be affiliate links, meaning we may earn a commission—at no extra cost to you. Our recommendations are unbiased, but we urge you to do your research before signing up.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/7bba947c-917b-4ff9-bc2a-d149f7cb34d3

    The MIL Network –

  • MIL-OSI: Best Online Pokies Australia 2025: 7Bit Casino Rated Top for Real Money Pokies

    Source: GlobeNewswire (MIL-OSI)

    After Reviewing Multiple Online Casinos, Our Expert Team Has Chosen 7Bit Casino As The Top Pick For Real Money Pokies In Australia For 2025. With Its Extensive Game Selection And Fast Payouts, It’s A Standout Choice. Players Can Count On A Trustworthy And Exciting Experience.

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    Legal Disclaimer

    This content is for informational purposes only and does not constitute legal or financial advice. Ensure compliance with local gambling laws before participating. The publisher is not liable for losses or consequences from using this information.

    Casino and Gambling Disclaimer
    Online gambling carries risks and isn’t for everyone. Confirm you’re of legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We don’t promote gambling; participation is at your risk. 7Bit Casino is a third-party platform, and we’re not liable for losses or disputes.

    Affiliate Disclosure

    Some links may be affiliate links, earning a commission at no cost to you. Recommendations are based on objective evaluation.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c286fbd-90dc-486b-8052-bee9fbbd98fb

    The MIL Network –

  • MIL-OSI Global: Investing in agriculture reduces poverty and inequality: economic model finds the best funding mix for 10 African countries

    Source: The Conversation – Africa – By Margaret Chitiga-Mabugu, Dean of the Faculty of Economic and Management Sciences, University of Pretoria

    Africa faces challenges in reducing extreme poverty and inequality. In 2024, 8.5% of the global population was living in extreme poverty (that is, on less than US$2.15 a day). Nearly 67% of these people were living in sub-Saharan Africa.

    To tackle these significant issues of poverty and inequality, it is essential to identify the locations of the most impoverished individuals. This enables investments to focus on generating growth and productivity that are both inclusive of poor people and sustainable.

    About 70% of the poor in sub-Saharan Africa live in rural areas. Most (65% to 70%) are employed in agriculture. Agriculture also contributes 30%-40% to the gross domestic product (GDP).

    Despite its importance, agriculture is underfunded. African countries don’t have enough of their own resources to finance agriculture, and external funding is becoming more scarce.

    The region thus desperately needs an innovative plan to finance agriculture for economic development.

    In a recent study we analysed
    how different ways of funding agricultural investment would affect inclusive growth and the wider economy in 10 African countries. Raising taxes, cutting budgets and external support were the different funding options we explored.

    We created economic models that would help countries with tight budgets understand the trade-offs and choose the best options.

    Our study found that investing more in agriculture – especially with external financing – was best at raising incomes and reducing poverty, particularly in rural areas. External funding avoids the higher costs of domestic financing. But a mix of both is also effective.

    Regardless of the country, all financing options resulted in increased rural incomes, reducing poverty and hunger. This shows that investment in agriculture has a positive impact both nationally and in rural contexts.

    The model

    Our paper uses an economic simulation model which looks at the big picture and also at more detail. It works out how changes in agricultural spending affect people’s lives (in terms of their income and expenditure) as well as the overall economy.

    The countries studied were Angola, Mozambique, Namibia, Botswana, Rwanda, Gabon, Malawi, eSwatini, Lesotho and Zimbabwe. We chose them based on the availability and accessibility of the data required.

    The model worked out the results of different financing strategies:

    • Increase in taxes (direct ones like household income and property tax or indirect ones like VAT or sales tax). The idea is that spending more on agriculture would be compensated for by higher tax revenues. These would come from households’ growing income and property taxes.

    • Reduction in non-agricultural investment spending. Here, the proportion of government investment dedicated to agriculture remains fixed. So there has to be less investment elsewhere.

    • Increase in government external borrowing or development assistance.

    Key findings

    We found that external financing boosted both national and rural incomes the most. But variations in the exchange rate may trigger an increase in domestic prices and a subsequent decline in export volumes. That could make a country less competitive economically.

    Despite this, the associated costs are generally lower than those of internal financing, aside from Mozambique’s rural income results.

    Between the two internal financing mechanisms tested, the option of reducing non-agricultural investment raised both national income and rural income in all countries except eSwatini.

    So that option should play a key role along with external financing.

    This finding is encouraging for fiscally constrained countries as the modelling showed that domestic financing improved the countries’ agency in sustainable growth.

    In a final modelling phase, the models explored how the policy interventions could transform poverty and inequality outcomes. They did this by following the intricate interplay of income and price dynamics. After a surge in agricultural investments following the policy scenarios, the findings showed a more pronounced reduction in poverty and inequality rates across all nations. There was one notable outlier — Angola. In Angola, investments channelled into the services sector have sparked the most substantial decreases in poverty and inequality, driven by the deep interconnectivity between services and its expansive oil industry.

    Even a small increase in public investment led to a clear drop in poverty, with agriculture investments having the biggest impact, followed by industry and services. Malawi showed the most substantial reduction in poverty. There were also noticeable effects in Rwanda, Botswana, eSwatini and Angola.

    Other countries showed mild impacts, maintaining low poverty levels.

    What can be done

    Scenario modelling can offer valuable insights for policy making because it is forward-looking. It also highlights the implications of strategic priorities.

    The study’s findings show that to achieve inclusive economic growth, countries should aggressively invest in agriculture, using a mix of external and domestic fiscal sources.

    On the back of the findings we made the following proposals.

    African governments are dependent on development aid because of limited domestic finances and weak growth prospects. This gets in the way of their ability to raise funds in the markets. However, if concessional financing is attainable and exchange rate impacts are controllable, external financing should remain a preferable option for financing agriculture investments.

    In the medium term, governments must focus on:

    • cutting unproductive non-agricultural spending

    • eliminating waste

    • ensuring cost-effectiveness.

    Savings should be redirected to agriculture.

    Over the medium term, there should be a focus on reforming tax policies. Direct and indirect taxes should be increased to fund agricultural investment. But maintaining transparency in using tax revenues is crucial. This encourages public support and local ownership of tax reforms by demonstrating their benefits.

    In the long term, governments should synchronise national development plans with ambitious agricultural growth initiatives.

    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. Investing in agriculture reduces poverty and inequality: economic model finds the best funding mix for 10 African countries – https://theconversation.com/investing-in-agriculture-reduces-poverty-and-inequality-economic-model-finds-the-best-funding-mix-for-10-african-countries-252820

    MIL OSI – Global Reports –

  • MIL-OSI Africa: Investing in agriculture reduces poverty and inequality: economic model finds the best funding mix for 10 African countries

    Source: The Conversation – Africa – By Margaret Chitiga-Mabugu, Dean of the Faculty of Economic and Management Sciences, University of Pretoria

    Africa faces challenges in reducing extreme poverty and inequality. In 2024, 8.5% of the global population was living in extreme poverty (that is, on less than US$2.15 a day). Nearly 67% of these people were living in sub-Saharan Africa.

    To tackle these significant issues of poverty and inequality, it is essential to identify the locations of the most impoverished individuals. This enables investments to focus on generating growth and productivity that are both inclusive of poor people and sustainable.

    About 70% of the poor in sub-Saharan Africa live in rural areas. Most (65% to 70%) are employed in agriculture. Agriculture also contributes 30%-40% to the gross domestic product (GDP).

    Despite its importance, agriculture is underfunded. African countries don’t have enough of their own resources to finance agriculture, and external funding is becoming more scarce.

    The region thus desperately needs an innovative plan to finance agriculture for economic development.

    In a recent study we analysed how different ways of funding agricultural investment would affect inclusive growth and the wider economy in 10 African countries. Raising taxes, cutting budgets and external support were the different funding options we explored.

    We created economic models that would help countries with tight budgets understand the trade-offs and choose the best options.

    Our study found that investing more in agriculture – especially with external financing – was best at raising incomes and reducing poverty, particularly in rural areas. External funding avoids the higher costs of domestic financing. But a mix of both is also effective.

    Regardless of the country, all financing options resulted in increased rural incomes, reducing poverty and hunger. This shows that investment in agriculture has a positive impact both nationally and in rural contexts.

    The model

    Our paper uses an economic simulation model which looks at the big picture and also at more detail. It works out how changes in agricultural spending affect people’s lives (in terms of their income and expenditure) as well as the overall economy.

    The countries studied were Angola, Mozambique, Namibia, Botswana, Rwanda, Gabon, Malawi, eSwatini, Lesotho and Zimbabwe. We chose them based on the availability and accessibility of the data required.

    The model worked out the results of different financing strategies:

    • Increase in taxes (direct ones like household income and property tax or indirect ones like VAT or sales tax). The idea is that spending more on agriculture would be compensated for by higher tax revenues. These would come from households’ growing income and property taxes.

    • Reduction in non-agricultural investment spending. Here, the proportion of government investment dedicated to agriculture remains fixed. So there has to be less investment elsewhere.

    • Increase in government external borrowing or development assistance.

    Key findings

    We found that external financing boosted both national and rural incomes the most. But variations in the exchange rate may trigger an increase in domestic prices and a subsequent decline in export volumes. That could make a country less competitive economically.

    Despite this, the associated costs are generally lower than those of internal financing, aside from Mozambique’s rural income results.

    Between the two internal financing mechanisms tested, the option of reducing non-agricultural investment raised both national income and rural income in all countries except eSwatini.

    So that option should play a key role along with external financing.

    This finding is encouraging for fiscally constrained countries as the modelling showed that domestic financing improved the countries’ agency in sustainable growth.

    In a final modelling phase, the models explored how the policy interventions could transform poverty and inequality outcomes. They did this by following the intricate interplay of income and price dynamics. After a surge in agricultural investments following the policy scenarios, the findings showed a more pronounced reduction in poverty and inequality rates across all nations. There was one notable outlier — Angola. In Angola, investments channelled into the services sector have sparked the most substantial decreases in poverty and inequality, driven by the deep interconnectivity between services and its expansive oil industry.

    Even a small increase in public investment led to a clear drop in poverty, with agriculture investments having the biggest impact, followed by industry and services. Malawi showed the most substantial reduction in poverty. There were also noticeable effects in Rwanda, Botswana, eSwatini and Angola.

    Other countries showed mild impacts, maintaining low poverty levels.

    What can be done

    Scenario modelling can offer valuable insights for policy making because it is forward-looking. It also highlights the implications of strategic priorities.

    The study’s findings show that to achieve inclusive economic growth, countries should aggressively invest in agriculture, using a mix of external and domestic fiscal sources.

    On the back of the findings we made the following proposals.

    African governments are dependent on development aid because of limited domestic finances and weak growth prospects. This gets in the way of their ability to raise funds in the markets. However, if concessional financing is attainable and exchange rate impacts are controllable, external financing should remain a preferable option for financing agriculture investments.

    In the medium term, governments must focus on:

    • cutting unproductive non-agricultural spending

    • eliminating waste

    • ensuring cost-effectiveness.

    Savings should be redirected to agriculture.

    Over the medium term, there should be a focus on reforming tax policies. Direct and indirect taxes should be increased to fund agricultural investment. But maintaining transparency in using tax revenues is crucial. This encourages public support and local ownership of tax reforms by demonstrating their benefits.

    In the long term, governments should synchronise national development plans with ambitious agricultural growth initiatives.

    – Investing in agriculture reduces poverty and inequality: economic model finds the best funding mix for 10 African countries
    – https://theconversation.com/investing-in-agriculture-reduces-poverty-and-inequality-economic-model-finds-the-best-funding-mix-for-10-african-countries-252820

    MIL OSI Africa –

  • MIL-OSI USA: SUN Bucks Food Program is Back for Second Summer in North Carolina

    Source: US State of North Carolina

    Headline: SUN Bucks Food Program is Back for Second Summer in North Carolina

    SUN Bucks Food Program is Back for Second Summer in North Carolina
    stonizzo

    The SUN Bucks food program is back for 2025 and is expected to provide benefits to more than one million school children in North Carolina this summer. The North Carolina Department of Health and Human Services and the North Carolina Department of Public Instruction are partnering again to administer the U.S. Department of Agriculture’s Summer Electronic Benefits Transfer program known as “SUN Bucks.”

    SUN Bucks provides a one-time payment of $120 per eligible child on a debit-like card that can be used to buy nutritious food at retailers and farmers markets that accept EBT, including most major grocery stores in North Carolina. SUN Bucks is one of three NC Summer Nutrition (SUN) Programs for Kids  that keep children fueled during the summer while schools are out.

     “Many students rely on their public school to provide them with healthy meals during the school year as nearly one in six children in North Carolina face food insecurity,” said NC Health and Human Services Secretary Dev Sangvai. “The SUN Bucks program helps them receive nutritious food while school is not in session, so they may continue to thrive.”

    Notifications from NCDHHS have been sent to eligible families in recent weeks alerting them that their child is automatically certified to receive SUN Bucks benefits. If you received a call, email, or text from NCDHHS, please do not disregard. 

    Families with questions can visit the website at ncdhhs.gov/sunbucks or call the NC SUN Bucks Call Center at 1-866-719-0141, select a language, then select option 2 to speak with a SUN Bucks representative.

    Most eligible children will automatically qualify for the program and were auto enrolled by May 2, 2025. Children automatically qualify if they are eligible for any of the following programs: 

    • Free and reduced-price (FRP) meals at schools by approved FRP application
    • Food and Nutrition Services (also called FNS or food stamps)
    • Temporary Assistance for Needy Families (TANF)
    • Cherokee Tribal Food Distribution Program (CTFDP)
    • Child is in Foster Care
    • Child is enrolled in the McKinney-Vento program (experiencing homelessness or runaway)
    • OR if they receive NC Medicaid benefits and have a household income below 185% of the federal poverty level

    Families with children who qualify will receive a new 2025 SUN Bucks card in the mail.  

    If your child goes to a school that participates in the National School Lunch Program (NSLP) or Community Eligibility Provision (CEP) but doesn’t fit into any of the categories above, you’ll have to apply. SUN Bucks is an income-based food assistance program and is only open for students enrolled in a NSLP or CEP school during the 2024-2025 school year.

    The SUN Bucks program had a major impact in North Carolina in its first year of operation in 2024:  

    • Close to 1.1 million of the 1.5 million children in North Carolina’s public schools received benefits to increase healthy food choices during the summer months.
    • Almost $130 million in SUN Bucks food assistance benefits was issued in our state. These dollars were invested in local grocery stores, farmers markets and supermarkets across the state.

    SUN Bucks complements existing USDA Summer Nutrition Programs for Kids, which are available at no cost to families for ages 18 and younger. Through SUN Meals, kids and teens can eat meals and snacks and engage in fun fitness and educational activities during the summer at schools, parks, and other neighborhood locations. In rural areas where it may be difficult to access and participate in SUN Meals, SUN Meals To-Go may be available for pick up or delivery. Families can locate nearby summer meals for youth and more information at SummerMeals4NCKids.org.

    The SUN Bucks program also works with other available nutrition programs, such as Food and Nutrition Services (FNS) and the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) to provide consistent access to nutrition to children and families. Families who may be eligible for nutrition programs like FNS, WIC and others can learn more at ncdhhs.gov/fns.

    NCDHHS and NCDPI prioritize nutrition security for children and families across the state and support access to healthy food during the summer months.

    El programa de alimentos SUN Bucks regresa para 2025 y se espera que brinde beneficios a más de un millón de niños en edad escolar en Carolina del Norte este verano. El Departamento de Salud y Servicios Humanos de Carolina del Norte (NCDHHS, por sus siglas en inglés) y el Departamento de Instrucción Pública de Carolina del Norte (NCDPI, por sus siglas en inglés) se asocian nuevamente para administrar el Programa de Transferencia Electrónica de Beneficios (EBT) de Verano del Departamento de Agricultura conocido como “SUN Bucks”. 

    SUN Bucks proporciona un pago único de $120 por niño elegible en una tarjeta de débito que se puede usar para comprar alimentos nutritivos en minoristas y mercados de agricultores que aceptan transferencia electrónica bancaria (EBT), incluyendo la mayoría de las principales tiendas de comestibles en Carolina del Norte. SUN Bucks es uno de los tres programas de nutrición de verano para niños (SUN, por sus siglas en inglés) de NC que mantienen a los niños alimentados durante el verano mientras las escuelas están fuera de clases.

    “Muchos estudiantes confían en que su escuela pública les brinde comidas saludables durante el año escolar, ya que casi uno de cada seis niños en Carolina del Norte enfrenta inseguridad alimentaria”, dijo el secretario de Salud y Servicios Humanos de Carolina del Norte, Dev Sangvai. “El programa SUN Bucks les ayuda a recibir alimentos nutritivos mientras la escuela no está en sesión, para que puedan seguir prosperando”.

    Las notificaciones de NCDHHS se han enviado a las familias elegibles en las últimas semanas avisando que su niño está certificado automáticamente para recibir los beneficios de SUN Bucks. Si recibió una llamada, correo electrónico o mensaje de texto de NCDHHS, no lo ignore. 

    Las familias con preguntas pueden visitar el sitio web: ncdhhs.gov/sunbucks o llamar al Centro de llamadas de NC SUN Bucks al 1-866-719-0141, seleccionar un idioma y luego oprima la opción 2 para hablar con un representante de SUN Bucks.

    La mayoría de los niños elegibles calificarán automáticamente para el programa y fueron inscritos automáticamente antes del 2 de mayo de 2025. Los niños califican automáticamente si son elegibles para cualquiera de los siguientes programas:

    • Comidas gratuitas y a precio reducido (FRP) en las escuelas por solicitud de FRP aprobada
    • Servicios de alimentación y nutrición (también llamados FNS o cupones de alimentos)
    • Asistencia Temporal para Familias Necesitadas (TANF)
    • Programa de Distribución de Alimentos Tribales Cherokee (CTFDP)
    • Niños en hogares de crianza temporal
    • El niño está inscrito en el programa McKinney-Vento (sin hogar o fugitivo)
    • O si reciben beneficios de Medicaid de Carolina del Norte y tienen un ingreso familiar inferior al 185% del nivel federal de pobreza

    Las familias con niños que califiquen recibirán una nueva tarjeta SUN Bucks 2025 por correo.

    Si su niño va a una escuela que participa en el Programa Nacional de Almuerzos Escolares (NSLP) o en la Disposición de Elegibilidad Comunitaria (CEP) pero no pertenece a ninguna de las categorías anteriores, tendrá que presentar una solicitud. SUN Bucks es un programa de asistencia alimentaria basado en los ingresos y solo está abierto para los alumnos matriculados en una escuela NSLP o CEP durante el año escolar 2024 a 2025.

    El programa SUN Bucks tuvo un gran impacto en Carolina del Norte en su primer año de funcionamiento en 2024:

    • Cerca de 1.1 millones de los 1.5 millones de niños en las escuelas públicas de Carolina del Norte recibieron beneficios para aumentar las opciones de alimentos saludables durante los meses de verano.
    • En nuestro estado se emitieron casi $130 millones en beneficios de asistencia alimentaria de SUN Bucks. Estos dólares se invirtieron en tiendas de comestibles locales, mercados de agricultores y supermercados en todo el estado.

    SUN Bucks complementa los actuales programas para niños de nutrición de verano del Departamento de Agricultura de EE. UU. (USDA, por sus siglas en inglés), que están disponibles sin costo para las familias con hijos de 18 años o menos. A través de SUN Meals, los niños y adolescentes pueden comer y tener bocadillos cuando participan en actividades divertidas de acondicionamiento físico y educativas durante el verano en escuelas, parques y otros lugares del vecindario. En las zonas rurales donde puede ser difícil acceder y participar en SUN Meals, puede estar disponible SUN Meals To-Go para recogida o entregada. Las familias pueden encontrar comidas de verano cercanas para los jóvenes y más información en SummerMeals4NCKids.org

    El programa SUN Bucks también funciona con otros programas de nutrición disponibles, como Servicios de alimentación y nutrición(FNS) y el Programa de nutrición suplementaria para mujeres, bebés y niños (WIC) para proporcionar acceso constante a la nutrición para niños y familias. Las familias que pueden ser elegibles para programas de nutrición como FNS, WIC y otros pueden obtener más información en ncdhhs.gov/fns.

    El NCDHHS y el NCDPI priorizan la seguridad nutricional para los niños y las familias en todo el estado y apoyan el acceso a alimentos saludables durante los meses de verano.

    May 2, 2025

    MIL OSI USA News –

  • MIL-OSI USA: Congratulations Class of 2025

    Source: US State of Connecticut

    Special Feature

    Commencement is more than a ceremony—it’s a defining moment.

    Read Our Stories

    When the members of the Class of 2025 first arrived at UConn in the fall of 2021, they were beginning their college careers at a time when the country and the world were still emerging from the COVID-19 pandemic, with nothing but uncertainty in the near-term forecast.

    Very quickly, it became clear that at least one thing was certain: the students of this class were determined to make their mark at UConn. Entering as the most diverse class in the history of the University, they soon established themselves as scholars, entrepreneurs, activists, and mentors.

    They experienced many milestones during their four years at UConn: a new University President; the opening of Science 1, Connecticut Hall, and the Toscano Family Ice Forum; the largest philanthropic gift in the University’s history; consecutive records for fundraising at HuskyTHON; and, in case you hadn’t heard, back-to-back national championships for the men’s basketball team and a 12th national championship for the women’s basketball team.

    This is a group of Huskies who refused to let adversity or uncertainty define their time at UConn, an attitude they’ll bring to whatever they pursue next – business, public service, art, professional sports, graduate education, families, military service, and more.

    So congratulations, Class of 2025 – from Avery Point; from Farmington; from Hartford; from Stamford; from Storrs; from Waterbury; and from all over Connecticut, the nation, and the world. When you look back, it won’t be on what you missed four years ago, but on everything you’ve gained in the four years since. Yesterday, today, tomorrow: Huskies Forever.

    Inspiring. Impactful. Unforgettable. For UConn’s Class of 2025, the last four years have been nothing short of exceptional. As this impressive class of soon-to-be brand-new Husky alumni prepares to take its next steps into the world, we look back and celebrate some of the moments that have made their time at UConn truly historic.

    [embedded content]

    I felt like I was a lot closer to the friends I made in college than in high school. I felt like I sort of like came into my own.
    – Lilian Vito ’25 (CAHNR, CLAS)

    Go to a basketball game! The energy is a lot different than anywhere else on campus, and you don’t get that sort of experience on any other college campus really. I met Paige Bueckers, I think it was the first week of class, on campus, and I wasn’t entirely familiar with UConn basketball at that point. I just didn’t watch sports really. But I met her, found out she was a really good player and then just from that point on, I’ve been keeping up with both the women’s and the men’s basketball teams.
    – Justin Coe ’25 (ENG)

    Don’t be afraid to try new things. UConn has so many opportunities, so many doors that can be opened for you. Don’t just try to stick in your lane. Try something new every week – every week, try a new club. Every week, meet someone new.
    – Jadon Gomez-Stafford ’25 (ENG)

    There are two different things that college life prepares you for. One’s obviously the professional life. But I think what college helps with more deeply is that interpersonal connection and also finding a sense of community, finding great friends, finding great people for you to interact with. And not all of them stick with you for the rest of your life, but the ones that do can really make your life a lot easier as go forward.
    – Harsh Shah ’25 (BUS, CLAS)

    Don’t be afraid to try things out and see what sticks. There’s a lot to this school.
    – Milo Barron ’25 (ENG)

    As the Class of 2025 embark on the next chapter of their lives, they share their thanks for the incredible memories, lifelong friends, professors, and staff that have inspired and helped them grow into the individuals they are today.

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    Try as many things as possible. There are many opportunities at UConn, some that you have to look very hard to find and some that are just out there. In my experience just trying different opportunities that UConn provides helped me with my soft skills, like communication and dealing with uncertainties. They also provided me with a good opportunity to meet people, to network. And I think that’s a huge part of college.
    – Ammar Alsadadi ’25 (BUS, CLAS)

    Get involved in stuff early. I found out about a lot of the resources and programs that we have later on, that I wish I knew about earlier. So, try to get as much as you can out of the school while you’re here.
    – Sahana Chinthak ’25 (CLAS)

    I came from a really small town; my graduating class was 96 students. So, coming to a big campus and collaborating with other students and professors that’s been very eye opening, and it’s expanded my knowledge to a point where I can communicate better with people and I’m able to work better with people. I feel like I’ll carry those values and all the stuff I’ve learned into the real world.
    – Braden Gutierrez ’25 (CAHNR)

    I got to take a whole bunch of different classes because I’m in general studies. So, I got to take big classes, small classes, different types of majors. Creative writing is definitely my favorite.
    – Natalie Levy ’25 (BGS)

    My number one piece of advice to anyone is join a club. You need to be involved in the campus because there are so many opportunities where you can meet your next best friend or maybe your next partner. If you get involved in a club, something that you’re interested in, you’re going to meet these people that are also interested in this thing. You can really build your network that way.
    – Minh Vu ’25 (BUS)

    Congratulations and welcome to our newest UConn alumni!

    [embedded content]

    When you’re walking around campus you don’t recognize anyone, but then in your class – junior year, senior year – it’s like 10 to 15 kids, maybe 20 in your classes. So, it gets pretty small, and you get to know everyone there.
    – Matthew Henrickson ’25 (BUS, CLAS)

    I’m originally from India but I live in-state, so a lot of the people from my high school came to UConn and actually I was a little hesitant. I really wanted to go into business, and I didn’t really know what to do, but UConn provided me with a lot of real-world experiential learning opportunities where I could actually be in the real world and learn by doing rather than being in the classroom. I never expected to be able to do that as a student, gain all that experience.
    – Atharva Bhatnagar ’25 (CLAS)

    One thing I was looking for in a university – I wanted it to have a lot of school spirit. I didn’t realize what I was getting into coming here! It’s been really fun to be a part of this community.
    – Isabel Angelo ’25 (ENG)

    What will always make me think about UConn is my friends and the people that I’ve met here. Also, my parents both went here, so whenever I’m with them, it just kind of reminds me of my time here.
    – Paige Dolyak ’25 (CLAS)

    A lot of people move off campus too early, but being on campus and being constantly surrounded by thousands of people your age is the best thing that you could do. You can have such a fun, unique experience. I love it. I’m sad that I’m leaving.
    – Alexia Landry ’25 (CLAS)

    MIL OSI USA News –

  • MIL-OSI Europe: Eucharistic Celebration on the ninth day of the Novendiali

    Source: The Holy See

    At 17.00 this afternoon, in the Vatican Basilica, the Eucharistic Celebration in memory of the Roman Pontiff Francis took place, on the ninth day of the Novendiali.
    The Papal Chapel was specially invited to the Celebration.
    The Concelebration was presided over by His Eminence Cardinal Dominique Mamberti, Protodeacon of the College of Cardinals.
    The following is the homily delivered by His Eminence Cardinal Dominique Mamberti during the course of the Holy Mass:

    Homily of His Eminence Cardinal Dominique Mamberti
    Venerable Cardinal Fathers,
    Dear brothers in the Episcopate and in the Priesthood,
    Dear brothers and sisters,
    The Liturgy of the Word of this last of the Novendiali in memory of Pope Francis is that of the day, the third Sunday of Easter, and the page of the Gospel of John just proclaimed presents to us the encounter of the risen Christ with some of the Apostles and disciples by the Sea of Tiberias, which ends with the Mission entrusted to Peter by the Lord and Jesus’ command, “Follow me!”.
    The episode is reminiscent that of the first miraculous catch of fish, narrated by Luke, when Jesus had called Simon, James and John, announcing that the Lord would have become a fisher of men. From that moment, Peter followed him, at times in incomprehension and even betrayal, but in today’s encounter, the last before Christ’s return to the Father, Peter receives from him the task of shepherding his flock.
    Love is the key word of this page of the Gospel. The first to recognize Jesus is the “disciple whom Jesus loved”, John, who exclaims, “It is the Lord!”, and Peter immediately throws himself into the sea to reach the Master. After they have shared the food, which will have kindled in the Apostles’ hearts the memory of the Last Supper, the dialogue between Jesus and Peter begins, the Lord’s threefold question and Peter’s threefold answer.
    The first two times, Jesus adopts the verb to love, a strong word, whereas Peter, mindful of the betrayal, responds [in some translations] with the less demanding expression “to care,” and the third time Jesus stresses the expression to care, adjusting to the Apostle’s weakness. Pope Benedict XVI noted in commenting on this dialogue: “Simon understands that Jesus is satisfied with his poor love, the only one of which he is capable. … It is precisely this divine adjustment that gives hope to the disciple, who has recognized the suffering of infidelity. … From that day on, Peter ‘followed’ the Master with a precise awareness of his own fragility; but this awareness did not discourage him. For he knew that he could count on the presence of the Risen One beside him … and so he shows us the way as well”.1
    In his homily at the Mass for the twenty-fifth anniversary of his pontificate, Saint John Paul II confirmed: “Today, dear brothers and sisters, I am pleased to share with you an experience that has now lasted for a quarter of a century. Every day that same dialogue between Jesus and Peter takes place in my heart. In spirit, I focus on the benevolent gaze of the risen Christ. Although he knows of my human frailty, he encourages me to answer confidently, like Peter: “Lord, you know everything; you know that I love you” (Jn 21: 17). And then he invites me to take on the responsibilities that he himself has entrusted to me.”.2
    This mission is love itself, which becomes service to the Church and to all humanity. Peter and the Apostles assumed it immediately, by the power of the Spirit they had received at Pentecost, as we heard in the first reading: “We must obey God rather than men. The God of our Fathers raised up Jesus whom you killed by hanging him on a cross. God raised him to his right hand, as head and Saviour”.
    We have all admired how much Pope Francis, animated by the Lord’s love and carried by his grace, was faithful to his mission to the utmost consumption of his strength. He reminded the powerful that we must obey God rather than men and proclaimed to all humanity the joy of the Gospel, the merciful Father, Christ the Saviour. He did this in his magisterium, in his travels, in his gestures, in his lifestyle. I was close to him on Easter Day, at the Loggia of Blessings in this Basilica, witnessing his suffering but above all his courage and determination to serve the people of God to the end.
    In the second reading, taken from the Book of Revelation, we heard the praise that the whole universe gives to the One who sits on the throne and to the Lamb: “Praise, honour, glory and power, throughout the ages. And the four living creatures said, ‘Amen.’ And the elders prostrated themselves in worship”.
    Adoration is an essential dimension of the Church’s mission and the lives of the faithful. Pope Francis often recalled this, as for example in his homily for the Feast of the Epiphany last year: “The Magi have hearts bowed in adoration. … They came to Bethlehem, and when they saw the child, ‘they knelt down and paid him homage (Mt 2:11). … A King who came to serve us, a God who became man. Before this mystery, we are called to bow our heart and bend our knee in worship: to worship the God who comes in littleness, who dwells in our homes, who dies for love. … Brothers and sisters, we have lost the habit of adoration, we have lost the ability that gives us adoration. Let us rediscover our taste for the prayer of adoration. … Nowadays there is a lack of adoration among us”.3
    This capacity that gives adoration was not difficult to recognize in Pope Francis. His intense pastoral life, his countless meetings, were grounded in the long moments of prayer that the Ignatian discipline had imprinted in him. Many times he reminded us that contemplation is “a dynamism of love” that “raises us up to God, not to separate us from the world but to ground us more deeply in it” (Audience with Superiors and Delegates of the Discalced Carmelites, 18 April 2024). And everything he did, he did under the gaze of Mary. There will remain in our memory and in our hearts his 126 stops before the “Salus Populi Romani.” And now that he rests at the beloved image, we entrust him with gratitude and confidence to the intercession of the mother of the Lord and our mother.
    _____________________
    [1] General Audience, 24 May 2006).
    [2]  Homily, 16 October 2003
    [3]  Homily, 6 January 2024
    [4] Audience with Superiors and Delegates of the Discalced Carmelites, 18 April 2024

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: Forests Are Our Lungs, Forests Regulate Climate, Buffer Disasters, and Support the Marginalised, Says VP

    Source: Government of India

    Forests Are Our Lungs, Forests Regulate Climate, Buffer Disasters, and Support the Marginalised, Says VP

    The Vice-President of India, Shri Jagdeep Dhankhar, today said,“Forests are extremely important. Forests are our lungs. If a country’s forests are in good shape, its people will enjoy good health—because forests are the lungs. Agriculture is our lifeline. But we need forests as they regulate climate, they buffer disasters, and they support livelihoods—especially for the poor and marginalized.”

    Interacting with faculty members and students of the College of Forestry, Sirsi, during a special programme on the “Role of Forestry in Nation Building”, today, Shri Dhnakhar emphasised that,“We must pledge to protect our forests and contribute in every way possible, because climate change is a global challenge—a global menace. The situation is alarmingly cliff hanging, and we have no other planet to live on apart from Mother Earth,” he warned.

    Highlighting India’s civilisational wisdom, the Vice-President said, “This land is a confluence of spirituality and sustainability. Sustainability is not just vital for the economy—it is vital for healthy living. Our Vedic culture has preached sustainability for thousands of years. And today, there is no alternative to sustainable development. We cannot engage in reckless exploitation of natural resources. We must restrict ourselves to what is minimally required. We all need to be aware of this.”

    Calling for deeper ecological consciousness, he remarked, “We must develop a sense of self-realisation—that Mother Earth, this environment, the forests, the ecosystems, the flora and fauna—we are their trustees, not consumers. We are duty-bound to pass this on to future generations.”

    “Environment is that aspect of life which touches every living being on Earth. When the environment is challenged, the challenge is not just to humanity—it affects everything that exists on this planet. Today, we face a critical test: to protect and preserve the environment, and to find ways to overcome the grave crisis that is unfolding,” he observed.

    Stressing the role of education in building a sustainable future, the Vice-President said, “Today, no institution can function as a standalone entity. There was a time when medical education, engineering education, management education, environmental education, and forest education all existed in silos. But now, everything has become interdisciplinary. And therefore, we must adopt an inclusive approach to learning.”

    Encouraging young minds, Shri Dhankhar said, “Be inquisitive—have yearning and desire for new knowledge. The academic pursuit you are engaged in holds immense possibilities—far beyond imagination. In our cultural heritage, wherever you look, you will find a treasure trove. The more you study, the more you will be able to serve creation. The very subject you are pursuing today holds the key to remedies and production. You can truly become an effective crucible of research, especially when it comes to forest produce.”

    Applauding the natural setting of the institution, the Vice-President noted, “Sirsi, nestled in the lap of the majestic Western Ghats—is one of the richest biodiversity regions not just in Bharat, but in the entire world. Such an environment transforms the very concept of a classroom. Here, the classroom doesn’t end at four walls; it extends beyond them. This is an open classroom, breathing and brimming with life. The College of Forestry is, fortunately and uniquely, surrounded by nature—in its most pristine form. The view here is truly extraordinary; the atmosphere fills one with joy and celebration.”

    Shri Thaawar Chand Gehlot, Governor of Karnataka, Shri Basavaraj S. Horatti, Speaker of Legislative Council, Govt. of Karnataka, Shri Mankal S. Vaidya, District-in-Charge Minister (Uttara Kannada), Shri Vishweshwar Hegde Kageri, Member of Parliament, Dr. P.L.Patil, Vice Chancellor of University of Agricultural Sciences, Dharwad and other dignitaries were also present on the occasion.

    ****

    JK/RC/SM

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Ambitious Fleet Decarbonisation Strategy approved by Councillors

    Source: Scotland – City of Perth

    The Climate Change and Sustainability Committee considered the local authority’s Fleet Decarbonisation Strategy.

    The Council has already slashed carbon emissions by switching 18 of its refuse vehicles to Hydrotreated Vegetable Oil rather than diesel – delivering an estimated annual reduction in CO2 emissions of 500 tonnes.

    Now the Council is looking to build on this success by using new technologies to further reduce the emissions from its vehicles.

    The Fleet Decarbonisation Strategy states a mixed model of decarbonisation will be required, with HVO and diesel used until advances in technology increase the range of electric vehicles,or enable hydrogen to be used as a viable and affordable fuel source.

    Refuse Collection Vehicles (RCVs) based at outlying depots in Blairgowrie, Crieff, Kinross, and Pitlochry will transition to using HVO fuel by June 2025, potentially saving 725 tonnes of CO2 per annum.

    The report also sets out the need to invest in additional charging points to support the transformation of the council’s fleet of small vehicles – cars and vans under 3.5 tonnes – to electric vehicles.

    Councillor Richard Watters, convener of Perth and Kinross Council’s Climate Change and Sustainability Committee, said: “The Scottish Government has set a target of reducing greenhouse gas emissions within the next five years and reaching net zero by 2045.

    “Cars, vans and lorries all produce greenhouse gases, so it is vital we take steps to reduce these emissions.

    “There is already fantastic work underway in Perth and Kinross with many of our bin lorries now running on HVO instead of diesel. Although this is a more expensive fuel, it is already significant reducing our CO2 emissions.

    “Expanding this scheme, and remaining alert to other new technologies will help us meet our net zero targets and reduce pollution in Perth and Kinross. This is not something that will happen overnight, but it is crucial we set out a roadmap on how we reach that destination.”

    MIL OSI United Kingdom –

  • MIL-OSI: Aktsiaselts Infortar interim report for Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar interim report for Q1 2025

    Infortar will arrange a webinar for investors today 5 May 2025.Please join the webinar via the following links:

    Estonia’s largest investment holding company, Infortar, increased its turnover by 20% in the first quarter of the year compared to the same period last year, reaching €447 million. The group’s total assets nearly doubled to €2.6 billion, while investments tripled to €22 million. In recent years, Infortar has nearly doubled the size of its real estate portfolio and is actively expanding across multiple sectors.

    Since August 1st of last year, the results of Tallink, a group company, have been consolidated into Infortar’s financial statements. Due to the highly seasonal nature of the maritime transport business, Tallink’s first-quarter loss of €33 million was reflected in Infortar’s own results. An additional impact came from a €1.7 million income tax expense, resulting in a total net loss of €14.6 million for Infortar in the first quarter, of which €4.5 million was attributable to Infortar’s shareholders. The energy business was affected by an exceptionally warm winter and lower consumption, but remained profitable overall. The real estate segment, meanwhile, showed significant year-on-year growth in volumes. 

    “The economy stands on three pillars – agriculture, industry, and services. In recent years, Infortar has expanded its presence across all three to achieve its goals and diversify risk. Moreover, we have grown into a market leader in each,” said Ain Hanschmidt, Chairman of the Management Board of Infortar.

    “The performance of Tallink had the biggest impact on Infortar’s first-quarter profitability. In addition to typical seasonality, passenger numbers in the first quarter reflected the state of the core markets’ economies and low consumer confidence. Still, it is important to note that the most challenging period of the year is now behind Tallink, and the outlook is more optimistic,” Hanschmidt added.

    “The energy business was affected by an exceptionally mild winter, lower consumption, and a gas surplus. Nevertheless, the segment remained profitable, primarily due to well-placed investments in gas distribution networks in Latvia and Poland. In real estate, we continued rapid growth – over the past year, we have expanded our portfolio by nearly 50%, becoming one of the largest property owners in the Baltics,” said Hanschmidt.

    “Despite a turbulent environment, Infortar continues to grow as one of the largest investment companies on the eastern coast of the Baltic Sea, actively seeking new investment opportunities. Our balance sheet strength is the key indicator of resilience – Infortar’s financial position and liquidity remain solid, free liquidity is €153 million enabling us to generate cash and invest. We can also confirm our continued commitment to the stated dividend policy. Diversification across sectors and countries has created a strong platform that provides confidence even in volatile times,” Hanschmidt concluded.

    Major Event

    Maritime transport

    Tallink´s first quarter of 2025 was impacted by low consumer and business confidence levels, the economic challenges in the Group’s core markets and global geopolitical tensions. As at the end of the quarter, the Group operated 14 vessels including 2 shuttle vessels, 6 passenger vessels, 2 vessels that were chartered out and 4 vessels that were in lay-up.

    During the quarter Tallink´s total investments amounted to EUR 13.3 million majority of which were made to upgrading the cruise ferries Baltic Princess and Silja Serenade. The planned maintenance works totalling 68 days in the first quarter of 2025 affected the passenger and cargo levels in Finland-Sweden routes.

    Energy

    In the first quarter, natural gas consumption in the Finnish-Baltic region totalled 15,0 TWh, decreasing by 19% compared with the previous year (16,5 TWh). Energy sales were negatively impacted by higher-than-average temperatures, which reduced the demand for natural gas.

    In the first quarter of 2025, Elenger Grupp sold a total of 4.6 TWh of energy (compared to 6,1 TWh in Q1 2024). Sales in Estonia accounted for 17% of the energy sales in Q1 2025. The company´s market share decreased in Q1 2025 to 20,0% in the Finland-Baltic gas market.

    Real estate

    At the end of last year, the Rimi logistics center in Saue municipality received its usage permit; this summer, the new bridge in Pärnu will be completed, and next year, DEPO will open its second store in Estonia, located in Lasnamäe.

    Key financial figures

    Key figures Q1 2025 Q1 2024 12 months 2024
    Sales revenue. m€ 447.357 372.584 1 371.775
    Gross profit. m€ 26.068 50.004 128.628
    EBITDA. m€ 27.661 74.004 145.275
    EBITDA margin (%) 6.2% 19.9% 10.6%
    Net profit. EBIT. m€ -0.655 67.624 77.024
    Total profit(-loss). m€ -14.561 62.062 193.670
    Net profit (-loss) holders of the Parent m€ -4.479 62.167 191.253
    EPS (euros)* -0.2 3.1 9.6
    Total equity m€ 1 181.002 820.210 1 166.222
    Total liabilities m€ 1 105.305 852.690 1 223.287
    Net debt m€ 952.397 195.799 1 055.708
    Investment loans to EBITDA (ratio)** 3.3x 1.5x 3.0x

    Notes:*For the earnings per share (EPS) calculation, the number of shares as of 31.03.35 has been used for comparability. Formula: profit/loss attributable to Infortar shareholders divided by the number of shares, excluding own shares issued under the stock option program. Example calculation based on the end of Q1 2024: (191 x 1,000,000) / (20,443,629 – 722,610).**Investment loans / EBITDA, annualized. For comparability,actualEBITDA of Tallink Grupp for the relevant period has been used, based on Tallink Grupp quarterly report.

    Revenue

    In the first quarter of the 2025 financial year, the Group’s consolidated revenue increased by EUR 74.7 million to EUR 447.4 million (Q1 2024 consolidated revenue: EUR 372.6 million). A significant impact came from the consolidation of Tallink Grupp’s results into Infortar’s consolidated financial statements as of 1 August 2024.

    EBITDA and Segment Reporting
    In the first quarter of the 2025 financial year, the EBITDA of the maritime transport segment amounted to EUR -3.8 million (Q1 2024: EUR 34.5 million).
    The energy segment’s EBITDA was EUR 31.8 million (Q1 2024: EUR 73.9 million).
    In the real estate segment, profitability is assessed based on the EBITDA of individual real estate entities.

    Based on separate real-estate companies results, the real estate segment’s EBITDA was EUR 3.4 million in Q1 2025 (Q1 2024: EUR 3.8 million).

    Net Profit (Loss)
    The consolidated net loss for the first quarter of the 2025 financial year was EUR -14.6 million, including a loss attributable to Infortar’s owners of EUR -4.5million (Q1 2024 net profit: EUR 62.1 million, including EUR 62.2 million attributable to Infortar’s owners).

    Investments
    In the spring of 2024, Infortar entered the agricultural sector by acquiring one of Estonia’s largest dairy farms in Halinga and began construction of a biomethane plant next to the farm to produce local green gas. Today, on 5 May, Infortar announced an additional investment plan in Estonia Farmid OÜ.
    In the first quarter of 2025, the total amount of investments made by the Infortar Group was approximately EUR 22 million.

    Financing
    As of the first quarter of the 2025 financial year, the Group’s total loan and lease liabilities amounted to EUR 1 105.3million (compared to EUR 1 223.3 million at the end of the 2024 financial year). Infortar’s net debt stood at EUR 952.397 million. The net debt to EBITDA ratio was 3.4.

    Dividends

    According to the dividend policy, the objective is to pay dividends of at least 1 euro per share per financial year. Dividend payments are made semi-annually. Infortar Group’s management proposes to pay a dividend of 3 euros per share for the 2024 financial year results. According to the proposal, the first payout is planned to be made no later than July, and the second payout in December 2025. 

    Consolidated Statement of Profit or Loss

    (in thousands of EUR) Q1 2025 Q1 2024 12 months 2024
    Revenue 447 357 372 584 1 371 775
    Cost of goods (goods and services) sold -421 173 -322 573 -1 243 034
    Write-down of receivables -116 -7 -113
    Gross profit 26 068 50 004 128 628
    Marketing expenses -10 976 -415 -21 086
    General administrative expenses -20 965 -7 238 -50 438
    Profit (loss) from derivatives 0   26 672
    Profit (loss) from biological assets -33 0 -139
    Profit (loss) from the change in the fair value of the investment property 0 156 -949
    Profit (loss) from the change in the fair value of the investment property 3 939 24 659 -8 691
    Other operating revenue 1 956 600 4 682
    Other operating expenses -644 -142 -1 655
    Operating profit -655 67 624 77 024
           
    (in thousands of EUR) Q1 2025 Q1 2024 12 months 2024
    Profit (loss) from investments accounted for by equity method 955 2 000 22 974
    Financial income and expenses:      
    Other financial investments -333 0 13 342
    Interest expense -12 896 -6 745 -38 274
    Interest income 842 1 244 4 979
    Profit (loss) from changes in exchange rates -315 -2 100
    Other financial income and expenses -451 4 93 659
    Total financial income and expenses -13 153 -5 499 73 806
    Profit before tax -12 853 64 125 173 804
    Corporate income tax -1 708 -2 063 19 866
    Profit for the financial year -14 561 62 062 193 670
    including:      
    Profit attributable to the owners of the parent company -4 479 62 167 191 253
    Profit attributable to non-controlling interest -10 082 -105 2 417
           
    Other comprehensive income Q1 2025 Q1 2024 12 months 2024
    tems that will not be reclassified to profit or loss      
    Revaluation of post-employment benefit obligations     -141
    Items that may be subsequently reclassified to the income statement:  
    Revaluation of risk hedging instruments     -45 792
    Exchange rate differences attributable to foreign subsidiaries     53
    Total of other comprehensive income     -45 880
    Total income, including:     147 790
    including:      
    Comprehensive profit attributable to the owners of the parent company     145 514
    Comprehensive profit attributable to non-controlling interest     2 417
    Ordinary earnings per share (in euros per share) -0,22 14,62 9
    Diluted earnings per share (in euros per share) -0,21 14,15 14,15

    Consolidated Statement of Financial Position

    (in thousands of EUR) 31.03.25 31.12.24
    Current assets    
    Cash and cash equivalents 152 908 167 579
    Short term financial investments 0 0
    Derivative financial assets 16 968 8 333
    Settled derivative receivables 2 448 676
    Other prepayments and receivables 153 040 155 351
    Prepayments for taxes 3 650 3 831
    Trade and other receivables 51 379 38 517
    Prepayments for inventories 1 953 2 498
    Inventories 124 636 215 914
    Biological assets 941 941
    Total current assets 507 923 593 640
         
    Non-current assets 31.03.25 31.12.24
    Investments to associates 17 559 16 603
    Long-term derivative instruments 340 3 214
    Other long term obligations 34 685 35 163
    Property, plant and equipment at fair value 1 309 599 1 315 167
    Investment property 68 175 67 931
    Property, plant and equipment 598 280 594 291
    Intangible assets 38 008 38 874
    Right-of-use assets 46 043 47 598
    Biological assets 2 720 2 753
    Total non-current assets 2 115 409 2 121 594
    TOTAL ASSETS 2 623 332 2 715 234
         
    (in thousands of EUR) 31.03.25 31.12.24
    Current liabilities    
    Loan liabilities 396 801 497 162
    Rental liabilities 8 755 9 020
    Payables to suppliers 104 664 87 941
    Tax obligations 48 861 49 354
    Buyers’ advances 40 946 31 126
    Settled derivatives 9 706 8 728
    Other current liabilities 68 409 63 431
    Short term derivatives 8 285 27 704
    Total current liabilities 686 427 774 466
         
    Non-current liabilities 31.03.25 31.12.24
    Long-term provisions 8 455 9 946
    Deferred taxes 3 039 2 816
    Other long-term liabilities 43 412 43 209
    Long-term derivatives 1 248 1 471
    Loan-liabilities 661 602 676 670
    Rental liabilities 38 147 40 435
    Total non-current liabilities 755 903 774 547
    TOTAL LIABILITIES 1 442 330 1 549 013
         
    (in thousands of EUR) 31.03.25 31.12.24
    Equity    
    Share capital 2 117 2 117
    Own shares -72 -72
    Share premium 32 484 32 484
    Reserve capital 212 212
    Option reserve 7 431 6 223
    Hedging reserve* 3 510 -21 674
    Unrealised currency translation differences 2 854 45
    Employment benefit reserve -44 -185
    Retained earnings 885 688 890 167
    Net profit of the financial year    
    Total equity attributable to equity holders of the Parent 934 180 909 317
    Minority interests 246 822 256 904
    Total equity 1 181 002 1 166 221
         
    TOTAL LIABILITIES AND EQUITY 2 623 332 2 715 234

    Consolidated Statement of Cash Flows

    Cash flows from operating activities    
    (in thousands of EUR) 3 months
    2024    		 12 months
    2024
    Profit for the financial year -14 561 193 670
    Adjustments:    
    Depreciation, amortisation, and impairment of non-current assets 28 316 68 251
    Change in the fair value of the investment property 0 0
    Equity profits/losses -956 -22 974
    Change in the value of derivatives -79 -1 483
    Other financial income/expenses 2 300 -112 030
    Calculated interest expenses 12 896 38 274
    Profit/loss from non-current assets sold -116 -955
    Income from grants recognised as revenue -385 -643
    Corporate income tax expense 1 708 -19 866
    Income tax paid -1 485 -10 551
    Change in receivables and prepayments related to operating activities -12 184 52 023
    Change in inventories 91 823 -12 831
    Change in payables and prepayments relating to operating activities 29 780 -81 275
    Change in biological assets 33 -322
    Total cash flows from operating activities 137 090 89 288
         
    Cash flows from investing activities 3 months
    2024    		 12 months
    2024
    Purchases of subsidiaries -333 -111 684
    Proceeds from the sale of other financial investments 0 0
    Received dividends 0 20 862
    Given loans 607 1 918
    Interest gain 755 4 953
    Purchases Investment property -244 -10 352
    Purchases of property, plant and equipment -23 305 -27 835
    Proceeds from sale of property 139 1 561
    Total cash flows used in investing activities -22 381 -120 577
         
    Cash flows used in financing activities 3 months
    2024    		 12 months
    2024
    Gain from goverment grants 394 225
    Changes in overdraft -43 343 12 863
    Proceeds from borrowings 94 276 358 731
    Repayments of borrowings -166 362 -151 790
    Repayment of finance lease liabilities -3 591 -11 300
    Interest paid -10 754 -39 153
    Dividends paid 0 -60 997
    Gain from share emission 0 3 174
    Total cash flows used in financing activities -129 380 111 753
      0 0
    TOTAL NET CASH FLOW -14 671 80 464
    Cash at the beginning of the year 167 579 87 115
    Cash at the end of the period 152 908 167 579
    Net (decrease)/increase in cash -14 671 80 464

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,296 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    Attachments

    The MIL Network –

  • MIL-OSI USA: MENG AND BENNET PRAISE USDA EFFORTS TO CUT RED TAPE AND EXPAND SNAP BENEFITS TO INCLUDE HOT FOODS

    Source: United States House of Representatives – Congresswoman Grace Meng (6th District of New York)

    WASHINGTON, DC – U.S. Rep. Grace Meng (D-NY) and U.S. Senator Michael Bennet (D-CO) announced today that they wrote a letter to U.S. Department of Agriculture (USDA) Secretary Brooke Rollins praising recent state-led efforts to expand Supplemental Nutrition Assistance Program (SNAP) benefits to include certain hot food purchases. 

    Currently, SNAP contains an outdated provision that limits purchases to food that needs to be prepared at home before it is consumed or specifically cold prepared foods. However, states can individually apply for waivers from the federal government to increase the types of foods included in SNAP for beneficiaries in their states. Secretary Rollins recently supported an effort in Arkansas to include hot rotisserie chicken in the state’s SNAP.

    Meng and Bennet reintroduced their bipartisan, bicameral Hot Foods Act in March, which would remove this prohibition and allow all SNAP recipients, regardless of which state they live in, to use their benefits to buy hot foods like prepared rotisserie chickens, hot sandwiches, soups and more.

    In their letter, the members wrote, “As you know, for more than 60 years, the law governing SNAP has prohibited beneficiaries from purchasing hot, ready-to-eat foods with their benefits. This outdated restriction means that while a parent can use SNAP to buy frozen chicken and spend over an hour preparing and cooking it, they cannot purchase a hot rotisserie chicken to serve their family immediately. This policy no longer reflects the realities of modern American life or the diverse needs of SNAP households.”

    Of the more than 42 million SNAP participants, including 2.8 million New Yorkers, nearly 70 percent of them are children, elderly, or those with disabilities. The ability to purchase hot and ready-to-eat foods would provide much-needed flexibility to those who rely on this program to supplement their nutrition and dietary needs.

    A copy of the letter can be viewed here.

    Originally introduced by Rep. Meng in May 2023, the Hot Foods Act has 80 cosponsors. It is supported by The Food Research & Action Center (FRAC), First Focus Campaign for Children, Feeding America, Hunger Free America, and the National Association of Convenience Stores.

     

    MIL OSI USA News –

  • MIL-Evening Report: Pie in the sky? After the Coalition’s stinging loss, nuclear should be dead. Here’s why it might live on

    Source: The Conversation (Au and NZ) – By Adam Simpson, Senior Lecturer, International Studies, University of South Australia

    barmalini/Shutterstock

    When the Coalition launched its nuclear plan last year, Labor was on the nose and early polls showed some support for the policy. But then the wheels fell off.

    Nuclear didn’t stack up on cost or timeframe. Early support fell away. By the time of the election, support for maintaining Australia’s ban on nuclear power had increased from 51% to 59%.

    When Opposition leader Peter Dutton gave his budget reply speech in late March, he barely mentioned the nuclear policy – instead promoting gas and attacking renewables.

    After Saturday’s Coalition rout, the prospect of nuclear power in Australia should be dead and buried. But that’s not guaranteed. The National Party strongly backs nuclear power.

    With metropolitan Liberals sceptical of nuclear reduced to a rump, the Nationals and regional Liberals will gain influence within the Coalition. If conservative Nationals prevail, we may well see the nuclear policy survive the election post-mortem and be resurrected for the next election.

    Why did the Coalition back nuclear?

    In the 1990s, the Coalition introduced laws banning nuclear power in Australia. But interest in the technology has never gone away. Australia has abundant uranium, and nuclear power appeals to some demographics.

    Politically, Dutton’s choice to back nuclear power was pragmatic. There were real tensions inside the Coalition on climate action. Nuclear power seemed to offer a way past these tensions, as a zero emissions energy source providing baseload power. It would also have meant slowing the renewable rollout and building more gas power plants to cover the gap left by retiring coal.

    It appears the nuclear policy wasn’t a Dutton priority. Nationals leader David Littleproud says he and the Nationals pushed the Coalition to adopt nuclear in exchange for continued support for the 2050 net zero target. After Saturday’s wipeout in Liberal-held metropolitan seats, the Nationals will have a stronger hand.

    On Sky News yesterday, Littleproud claimed nuclear was not the reason for the Coalition’s loss. National MPs are still backing nuclear.

    If the Nationals stick to their guns, we may see the Coalition bring nuclear to the next election.

    Three-year federal terms make it difficult for new governments to embark on long term plans. Nuclear energy would take at least 15 years to come online. The Coalition’s last realistic opportunity to go nuclear would have been back in 2007, when there was renewed interest in the technology.

    At that time, renewables were quite expensive. But solar, wind and batteries now cost much less, while nuclear was already expensive and has remained so.

    Government tenders for renewable and storage projects tend to be massively oversubscribed, with far more interest than opportunities. By contrast, nuclear doesn’t have business backing. The Australian Industry Group has argued the Coalition’s nuclear policy was 20 years too late. This business reticence explains the Coalition’s proposal to build the nuclear reactors with public money.

    This year, clean energy levels in Australia’s main grid will reach 44–46%, according to the Clean Energy Regulator. With a strong pipeline of new projects, that could reach 60% by the next election. It’s hard to see what role nuclear could have in any future grid.

    Nuclear isn’t quite dead

    In contrast to intermittent renewables, nuclear offers reliable zero emissions baseload power. If you talk to nuclear backers, you’ll likely hear a variant of this sentence.

    But there’s “no going back” to the old baseload model where large, inflexible coal plants churned out power, as the head of the Australian Energy Market Operator Daniel Westerman pointed out last week. That’s because renewables are the cheapest energy source. Powering Australia on 100% renewables is possible with enough battery storage or pumped hydro to compensate for the solar duck curve, in which solar power drops off in the evening.

    So why does nuclear have a hold on the Coalition’s imagination, even as it faces its largest crisis since Menzies founded the Liberal Party?

    One likely reason is cultural opposition to renewables. This is especially evident among prominent Nationals such as Littleproud, Matt Canavan and Barnaby Joyce. As the thinking presumably goes, if “latte-sipping greens” in inner city areas back renewables, genuine country Australians should naturally oppose them.

    It is, of course, not that simple. Renewables are often just as popular in the bush as in the cities. A Lowy Institute poll found almost two-thirds of regional respondents supported the government’s 82% renewable target for 2030. Farmers hosting solar panels or wind turbines energy generation on their properties see them as guaranteed income even if livestock or grains are having a bad year.

    The problem for the Nationals and for the Coalition more broadly is that nuclear just isn’t that popular. Early support for the policy was soft. It melted away as authoritative sources such as the CSIRO pointed to the exorbitant cost and long timeframe to build reactors from scratch.

    Labor, with a resounding majority, is likely to accelerate the shift to clean energy. While the urban-rural political divide will still play out in Coalition opposition to clean energy, Labor’s large electoral mandate and dominance in the populous cities will encourage it to press ahead.

    As the surviving members of the Coalition lick their wounds and begin to figure out how they did so badly, we can expect to see nuclear up for discussion. But given the new power of the Nationals and regional Liberals in the party room, we may not have seen the last of nuclear fantasies in Australia.

    Adam Simpson 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. Pie in the sky? After the Coalition’s stinging loss, nuclear should be dead. Here’s why it might live on – https://theconversation.com/pie-in-the-sky-after-the-coalitions-stinging-loss-nuclear-should-be-dead-heres-why-it-might-live-on-255866

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Costa, Newhouse, Curtis Push to Unlock Federal Funding for Western Water Infrastructure

    Source: United States House of Representatives – Congressman Jim Costa Representing 16th District of California

    WASHINGTON—Congressman Jim Costa (CA-21), Congressman Dan Newhouse (WA-04), and Senator John Curtis (R-UT) introduced the Restoring WIFIA Eligibility Act, bipartisan legislation aimed at strengthening water quality and storage infrastructure across the Western United States. “Water is the lifeblood of the West, and as climate change intensifies drought and weather extremes, we must invest in reliable, modern water infrastructure,” said Congressman Costa. “Our legislation will provide California and San Joaquin Valley water managers with the tools they need to expand water storage and ensure clean drinking water in our communities.”  “After meeting with several water conservancy districts across Utah over the past few months, one thing is clear: Utah’s rapid population growth is placing significant pressure on our community water resources,” said Senator Curtis. “This bipartisan legislation would make it easier for local governments and utilities to invest in critical water infrastructure projects—helping ensure we can meet the growing needs of our communities.”“Federal irrigation, clean water, and wastewater projects are essential to rural areas like Central Washington, but a lack of resources for maintenance and repairs puts our water infrastructure at risk. This legislation gives our local water managers the tools they need to sustain long-term projects and guarantee clean, safe water that our communities, farmers, and ranchers rely on,” said Congressman Newhouse.”As we face the ongoing challenges of water scarcity in the West, the introduction of the Every Drop Counts Act and the Groundwater Technical Assistance Act represents a useful step toward ensuring a sustainable future for our communities, ecosystems, and farms. These bipartisan efforts will not only enhance our capabilities for groundwater recharge but also empower local agencies to innovate and implement solutions that restore our vital aquifers. Together, we are laying the groundwork for a resilient water supply that supports agriculture, the environment, and the needs of our growing population,” said Rick Borges, President of the Friant Water Authority.“The Restoring WIFIA Eligibility Act provides much-needed reforms related to technical issues that substantially limit access to WIFIA loan funding for facilities under federal ownership, regardless of the method of loan repayment,” said Cannon Michael, Board Chair of the San Luis & Delta-Mendota Water Authority. “We thank Rep. Costa for his leadership on this issue. Given the significant infrastructure improvements needed to improve the reliability of water supplies for the Water Authority’s members, it’s critical that every funding tool be available to improve affordability for the farming families, disadvantaged communities, and wildlife and wildlife enthusiasts who are reliant on the Water Authority’s members for their water supplies.”BACKGROUNDCalifornia’s San Joaquin Valley, one of the most productive agricultural regions in the world, depends heavily on complex water delivery systems to sustain its economy and rural communities. However, the region is grappling with drought, groundwater depletion, and strict water quality standards. The Restoring WIFIA Eligibility Act would update the Water Infrastructure Finance and Innovation Act (WIFIA), originally enacted in 2014. This legislation accelerates investment in the nation’s aging water systems by offering long-term, low-cost loans for major water projects. This bill would clarify that federally owned water infrastructure, when operated by non-federal entities such as California’s Friant Water Authority and the San Luis Delta-Mendota Water Authority is eligible for WIFIA financing.Access to WIFIA financing will enable San Joaquin Valley water agencies to invest in infrastructure upgrades, including groundwater recharge, surface storage, and conveyance improvements.

    MIL OSI USA News –