Category: Finance

  • MIL-OSI USA: California Businessman Pleads Guilty in Federal Court to Orchestrating $14 Million Covid-Relief Fraud

    Source: United States Small Business Administration

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    Click Here to View the Original U.S. Department of Justice (DOJ) Press Release


    A California businessman has pleaded guilty to a federal fraud charge for fraudulently obtaining more than $14 million in small business loans under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.

    DARREN CARLYLE SADLER participated in a scheme to fraudulently apply for loans pursuant to the Paycheck Protection Program (“PPP”), which was created by the CARES Act to provide financial relief for small businesses during the Covid-19 pandemic.  A PPP loan allowed for the interest and principal to be forgiven if businesses spent a certain amount of the proceeds on essential expenses, such as payroll.  Sadler admitted in a plea agreement that in 2020 he submitted and caused the submission of at least 63 PPP loan applications for himself and his clients. The applications falsely represented the number of employees, if any, and the average monthly payroll of the purported businesses.  The false applications resulted in the issuance of more than $14 million in loan funds to Sadler and his clients.  Sadler also received more than $1.9 million in fees from clients for fraudulently obtaining the loans on their behalf.

    Sadler used the fraud proceeds to rent a villa for several months during the pandemic and to travel across the country on private jets to meet clients at bank branches to secure fund transfers. He also purchased luxury vehicles, including a Rolls Royce, multiple Mercedes-Benzes, and a Land Rover, and purchased designer clothing, a luxury watch, and numerous meals at expensive restaurants.

    Sadler, 38, of Costa Mesa, Calif., pleaded guilty on Monday to a federal wire fraud charge, which is punishable by up to 20 years in federal prison.  U.S. District Judge Thomas M. Durkin has not yet set a sentencing date.

    The guilty plea was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.  The investigation was worked jointly with the U.S. Small Business Administration Office of Inspector General and the U.S. Postal Inspection Service.  The government is represented by Assistant U.S. Attorney Kartik K. Raman.

    sadler_plea_agreement.pdf

    Related programs: Pandemic Oversight, PPP

    MIL OSI USA News

  • MIL-OSI Security: Dominican National Arrested for Drug Trafficking in Manchester

    Source: US FBI

    CONCORD – A Dominican Republic national was arrested yesterday for possessing with the intent to distribute illegal narcotics in Manchester, Acting U.S. Attorney Jay McCormack announces.

    Daris Rafael Melo Vittini, age 39, a Dominican Republic national unlawfully residing in Dorchester, Massachusetts, was arrested on one count of possession with intent to distribute controlled substances, namely fentanyl and crack cocaine. He appeared in federal court today and was detained.

    According to the charging document and statements made in court, on June 30, 2025, the Manchester Police Department observed the defendant driving around the city in a car that was known to law enforcement as being involved in narcotics distribution. Law enforcement conducted a traffic stop, and a narcotics-detecting K-9 positively alerted to the odor of narcotics coming from the car. During a search of the vehicle, law enforcement found inside a “hide” in the center console approximately 114 grams of suspected fentanyl and 13 grams of suspected crack cocaine, all in pre-packaged baggies. Also inside the hide was approximately $1,500. The defendant had approximately 45 grams of suspected fentanyl and 37 grams of suspected crack cocaine on him, all in pre-packaged baggies. In total, law enforcement recovered approximately 119 pre-packaged baggies of suspected fentanyl and crack cocaine. 

    Possession with intent to distribute carries a maximum prison term of 20 years, a maximum fine of $1,000,000, and a term of supervised of at least three years and up to life.

    The Federal Bureau of Investigation’s Major Offender Task Force and the Manchester Police Department led the investigation. Assistant U.S. Attorney Mike Shannon is prosecuting the case.

    This effort 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 (TCOs), 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 (OCDETFs) and Project Safe Neighborhood (PSN).

    The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

     

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    MIL Security OSI

  • MIL-OSI United Nations: In Dialogue with Spain, Experts of the Human Rights Committee Commend Measures Making Abortion More Accessible, Ask about Accountability for Past Rights Violations and Overcrowding in Migrant Reception Centres

    Source: United Nations – Geneva

    The Human Rights Committee today concluded its consideration of the seventh periodic report of Spain on how it implements the provisions of the International Covenant on Civil and Political Rights.  Committee Experts commended revisions to the State’s abortion law promoting increased access, while raising issues concerning its efforts to address accountability for past human rights violations and overcrowding in offshore migrant reception centres.

    A Committee Expert said there had been positive changes in legislation on sexual and reproductive health and voluntary termination of pregnancy, with the removal of requirements for parental consent and the mandatory three-day reflection period.

    Another Committee Expert said serious human rights violations were committed during the Civil War and the Franco dictatorship.  Did the 2022 law on democratic memory overturn the 1977 law on amnesty?  How many high-ranking officials had been tried and sentenced for crimes committed during the dictatorship?

    A Committee Expert said that in Ceuta, Melilla and the Canary Islands, migrants had been forced to sleep on the streets due to the lack of capacity in reception centres.  The Committee had also received disturbing reports about overcrowding and abuse of unaccompanied children in detention, particularly in the Canary Islands.  What progress had been made in redistributing migrants held in the Canary Islands to other areas of Spain?

    Marcos Gómez Martínez, Permanent Representative of Spain to the United Nations Office at Geneva and head of the delegation, presenting the report, said Spain remained firmly committed to the promotion and protection of human rights. Since the presentation of the previous report in 2015, Spain had adopted important legislative, institutional and political measures to strengthen the protection of human rights in the country, in particular civil and political rights.

    Mr. Gómez Martínez said Law 20/2022 on Democratic Memory consolidated the right to truth, justice and reparation for the victims of the Civil War and the dictatorship.  A national census of victims, a map of graves and a State plan for exhumations had been created, with the participation of the autonomous communities and civil society.

    The delegation added that work was underway to create a DNA database of disappeared individuals.  There was a unit in the Prosecutor’s Office that specialised in identifying the whereabouts of disappeared persons, and an information service for persons affected by the kidnapping of babies, which facilitated access to birth certificates and genetic records.

    In response to the influx of arrivals to the Spanish islands, particularly in the Canary Islands, the Government was working to strengthen resources and support access to the asylum procedure, the delegation said.  It had opened four large reception centres on the Canary Islands, and had moved some asylum seekers from the Canary Islands to Madrid to allow them to submit asylum applications.  Detainment in migrant holding centres was a last resort.

    In concluding remarks, Mr. Gómez Martínez thanked the Committee for the dialogue and the quality of its questions.  The full guarantee of civil and political rights was an ongoing process.  The Committee helped the State party to guarantee these rights domestically.

    Changrok Soh, Committee Chairperson, in concluding remarks, said the dialogue had addressed key topics related to implementation of the Covenant. The Committee urged the State party to implement its recommendations to strengthen implementation of the Covenant.

    The delegation of Spain was made up of representatives of the Ministry of Ministry of Foreign Affairs, European Union and Cooperation; Ministry of the Presidency, Justice and Relations with the Courts; Ministry of the Interior; Ministry of Health; Ministry of Equality; Ministry of Inclusion, Social Security and Migration; Ministry of Youth and Children; and the Permanent Mission of Spain to the United Nations Office at Geneva.

    The Human Rights Committee’s one hundred and forty-fourth session is being held from 23 June to 17 July 2025.  All the documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 3 p.m., Thursday 3 July to begin its consideration of the second periodic report of Haiti (CCPR/C/HTI/2).

    Report

    The Committee has before it the seventh periodic report of Spain (CCPR/C/ESP/7).

    Presentation of the Report

    MARCOS GÓMEZ MARTÍNEZ, Permanent Representative of Spain to the United Nations Office at Geneva and head of the delegation, said Spain remained firmly committed to the promotion and protection of human rights.  Since the presentation of the previous report in 2015, Spain had adopted important legislative, institutional and political measures to strengthen the protection of human rights in the country, in particular civil and political rights.

    In June 2023, the second national human rights plan (2023-2027) was approved, which expanded the protection of political and civil rights; incorporated the equality of women and men, as well as non-discrimination; and advanced measures to guarantee the universality of human rights for all people. There was a structure responsible for monitoring and supervising implementation of the plan, which followed up on the opinions and recommendations of the human rights treaty bodies.  The plan recognised the importance of the national human rights institution, the Ombudsman, as an independent institution, with its own resources and competences in the field of human rights monitoring.

    Spain had made significant progress in the fight against discrimination.  In 2023, a law was approved that guaranteed of the rights of lesbian, gay, bisexual, transgender and intersex people, eliminating the requirement of medical intervention for changing information on sex in the civic registry, as well as the age requirement.  Conversion therapies and unnecessary surgical interventions on intersex people under 12 years of age were also prohibited.

    Law 15/2022 facilitated the creation of the Independent Authority for Equal Treatment and Non-Discrimination.  The criminal framework against hate crimes had also been strengthened, expanding the recognised causes of discrimination, including age, social exclusion and ethnicity.  The Attorney General’s Office had consolidated a network of prosecutors specialising in hate crimes and discrimination, and specific police units were created for prevention and investigation.

    The Strategy for Equality, Inclusion and Participation of the Gitanos [Spanish Romani] (2021-2030) had been renewed, with specific measures addressing education, employment, health, housing, essential services, poverty, and gender equality.  In addition, studies and awareness-raising campaigns on racism and xenophobia had been promoted, and the Spanish Observatory on Racism and Xenophobia had been strengthened, as had the Council for the Elimination of Racial or Ethnic Discrimination.  Judicial mechanisms for dealing with victims of hate crimes had been strengthened, as well as the detection and reporting of hate speech on social networks, including a specific protocol to combat it online.

    In 2024, Spain took a decisive step towards the effective recognition of the rights of persons with disabilities through the reform of article 49 of the Constitution.  The new wording guaranteed that all persons with disabilities could exercise their rights in conditions of freedom and equality.  In addition, in Spain the right to vote was fully guaranteed to all persons with disabilities.

    Organic Law 10/2022 on the Comprehensive Guarantee of Sexual Freedom expanded prevention, care and reparation measures.  Within the Ministry of the Interior, the National Office against Sexual Violence was created in 2023.  Organic Law 1/2023 guaranteed access to voluntary termination of pregnancy free of charge, including for minors and women with disabilities.  Organic Law 8/2021 on the comprehensive protection of children and adolescents against violence strengthened the framework for the protection of minors. 

    In July 2023, Spain approved the new protocol for the forensic medical examination of detainees.  In 2022, the Ministry of the Interior created the National Office for Human Rights Guarantees, a body responsible for ensuring compliance with national and international standards against torture by the State security forces.

    Spain’s prison population had decreased in recent years and detention conditions had improved, including through increased access to health and care for people with disabilities and a reduction of the use of mechanical restraints. Incommunicado detention was applied on an exceptional basis and could not be applied to minors under 16 years of age.  In Temporary Stay Centres for Immigrants, specific modules had been set up for women and families, eliminating situations of overcrowding.

    A contingency plan implemented since 2022 called on child protection services in all the country’s territories to take in unaccompanied minors.  Royal Decree Law 2/2025 implemented urgent measures to guarantee the rights and best interests of migrant children and adolescents. The Government was preparing a Royal Decree that set minimum quality standards in terms of reception centres’ size, resources and accessibility.  

    Law 2/2023 regulated the protection of people who reported regulatory breaches and created the Independent Authority for the Protection of Whistleblowers.  This was one of the actions included in the Action Plan for Democracy of 2024, which aimed to expand and improve the quality of Government information, and strengthen the transparency and accountability of the media, the legislative branch and the electoral system.  

    Law 20/2022 on Democratic Memory consolidated the right to truth, justice and reparation for the victims of the Civil War and the dictatorship.  A national census of victims, a map of graves and a State plan for exhumations had been created, with the participation of the autonomous communities and civil society.

    Spain reiterated its commitment to the international human rights system and to the effective implementation of the Covenant.  

    Questions by Committee Experts

     

    A Committee Expert said reports revealed positive steps had been taken by the State party, however challenges remained in implementing the Convention.  Was there an oversight mechanism assessing implementation of the Committee’s recommendations and Views?  What was the jurisprudence of the State’s courts regarding the Committee’s Views? The Supreme Court had issued a decision asserting the binding nature of human rights treaty bodies’ Views.  Was this decision being applied?  Could the delegation give some examples of court cases that had referenced the Covenant?

    The 2022 law on equality, which recognised the right of all persons to non-discrimination, had no bearing on the legislation on immigration, which inhibited access to public services for migrants.  Would the State party address this issue?  There had been major delays in the establishment of the proposed Authority for Equal Treatment; when would this be completed?  What was the status of the proposed Organic Act against Racism?

    The Criminal Code did not address hate crimes based on language, political opinion or economic status. How did the State party tackle such hate crimes?  There had been a disturbing rise in hate crimes recently; how was the State party working to prosecute and prevent these crimes?

    What remedies had the State party provided for newborns and intersex children subjected to unnecessary medical treatments?  The State party had made steps forward in promoting self-determination of gender with the adoption of the recent law on the topic, however this did not recognise the rights of non-binary persons.  Did the State party plan to amend the law to recognise non-binary persons? Had it considered expanding the options for declaring sex in the civil registry beyond simply “male” and “female”?

    Another Committee Expert said that Spain had concluded its first national action plan on human rights.  How did the consultative commission work with the Ombudsperson’s Office to assess implementation of the plan?  The Ombudsperson’s Office had “A” status under the Paris Principles.  What efforts had been made by the State to implement the recommendations of the Global Alliance of National Human Rights Institutions to strengthen the role of                               Ombudsperson?  Was the Ombudsperson mandated to investigate complaints of torture and ill-treatment by security forces?

    There had been positive changes in legislation on sexual and reproductive health and voluntary termination of pregnancy, with the removal of requirements for parental consent and the mandatory three-day reflection period.  How did the State party promote access to abortions for women with disabilities and minority women?  What measures would the State party take to address conscientious objections by doctors to abortions?  How did the State party fight against obstetric violence?

    Serious human rights violations were committed during the Civil War and the Franco dictatorship.  Positive progress had been made with the 2022 law on democratic memory, but the right to truth, justice and reparation of the family members of victims had not been guaranteed and the Law of Amnesty of 1977 had not been overturned.  Did the 2022 law overturn the 1977 law on amnesty?  Were there efforts to overturn the law on State secrets related to the Franco dictatorship?  There had been a proposal to create a DNA database of babies stolen during the dictatorship.  How many high-ranking officials had been tried and sentenced for crimes committed during the dictatorship?  What would the makeup of the proposed Truth Commission be, and how would it promote access to truth, justice and reparation for victims of historical human rights violations?

    One Committee Expert welcomed the strategy for equality and inclusion for the Gitanos, and institutions set up to tackle discrimination and racism.  The quality of education provided to Gitano people was lower than that of the rest of the population, and the community had lower employment levels. What measures were in place to address these issues?  The Council for the Elimination of Racial and Ethnic Discrimination had recommended increasing persons from diverse backgrounds in public institutions and measures to redress discrimination.  Had the State party implemented these recommendations?  What measures were in place to prevent discrimination against people of African descent?

    Law enforcement officials reportedly continued to engage in discriminatory identity checks.  Did the State party plan to adopt a law explicitly prohibiting racial and ethnic profiling?  Challenges to proving discrimination resulted in underreporting of racial and ethnic profiling.  Who investigated such reports and how were perpetrators held accountable?  Internal accountability mechanisms lacked transparency and data was not publicly available.  How were people disciplined for infractions?

    The Committee was concerned by the reported increase in hate speech in Spain, particularly neo-fascist hate speech, and a reduction in the budgets of Government mechanisms to combat this phenomenon.  How would the State party tackle this issue?  The Committee was also concerned by the rise in hate crimes against minorities. The State party had launched several initiatives to tackle hate crimes, but their effects appeared to be limited. How was the State party collecting data on and working to ensure the implementation of measures to tackle hate crimes?

    A Committee Expert welcomed Organic Law 10/2022 and other measures to tackle gender-based violence.  There had been an increase in femicides, and women faced barriers in reporting violence.  What measures were in place to ensure implementation of Law 10/2022?  What resources had been allocated to services for victims of violence and programmes tackling gender-based violence?  Were there oversight mechanisms that monitored the treatment of women in courts?  How was the State party tackling online discrimination against women and gender biases in artificial intelligence tools?

    Another Committee Expert welcomed recent amendments to the Criminal Code removing an article that justified forced sterilisation in certain circumstances.  Had past cases of forced sterilisation been exempt from prosecution by this article?  What measures had the State party taken to ensure specialised training for health workers related to the prohibition of forced sterilisation?

    Acts of torture in Spain were subject to a statute of limitations if they did not qualify as crimes against humanity.  Were there plans to amend the definition of torture to bring it in line with international standards and remove the statute of limitations?  Time bars prevented many victims of past political violence in Basque accessing remedies and justice.  How was this issue being addressed?  What steps had been taken to identify and prosecute historic allegations of torture?  The State party did not make video recordings of interrogations; would it consider making such recordings?

     

    Responses by the Delegation

     

    The delegation said Spain had implemented the recommendations in the Views issued by the Committee and all treaty bodies.  The Views being implemented were referred to in the preambles of the relevant laws.  The Supreme Court and lower courts applied the provisions of these Views in their interpretations of Spanish law.  A July 2024 Royal Decree established a monitoring committee tasked with drafting follow-up reports on the implementation of the Views of treaty bodies.

    The Ombudsperson had the mandate to submit recommendations to the Government related to complaints it received, including complaints from the Spanish autonomous communities.

    There were no limitations on foreigners’ access to the police to report human rights violations.  The immigration law suspended deportation procedures involving victims of trafficking and minors.  Foreigners were assisted in criminal proceedings, and all victims were treated equally before the law, regardless of their migration status. New immigration regulations implemented this year protected foreign victims of crimes, who were permitted to live and work in Spain.  There were specific norms for victims of sexual and gender-based violence and trafficking in persons.

    Implementation of the law on racism and intolerance continued to be a priority.  There had been delays in implementation of the draft law on equal treatment.  The chair of the independent authority on equal treatment had been appointed and the body was fully operational.

    A Royal Decree of 2024 promoted equality and non-discrimination of lesbian, gay, bisexual, transgender and intersex individuals, and the Government planned to adopt State strategies for the inclusion of this group.  A mechanism had been set up for reporting hate crimes against this community. Spanish laws prohibited conversion therapy.  The State party had made progress in conducting a study on non-binary people.

    Organic Law 1/2023 strengthened inclusion for women with disabilities.  All women could access voluntary interruption of pregnancy from 16 years of age, including women with disabilities.  The State party was promoting access to abortion services in autonomous communities.  Each autonomous community needed to ensure that they had sufficient personnel to promote access to abortions.  The Organic Law set out concrete measures to eradicate obstetric violence.  Autonomous communities ensured that health care centres could report malpractice.  Legal exceptions which allowed for sterilisation of persons with disabilities without their consent had been removed in 2020.  Specialised training on legislation related to abortion and sterilisation was being provided to medical staff.

    Spain had a decentralised governance structure, and the Central Government did not have the authority to address some issues that were the purview of autonomous community governments. 

    The law on democratic memory sought to ensure victims’ right to truth.  It would be implemented in line with international law.  The law on investigations into human rights violations occurring during the Civil War and dictatorship had established a Centre of Memory. Court cases involving crimes occurring during the Civil War had failed due to the statute of limitations.  The Prosecutor’s Office had worked to create a DNA database of victims of these human rights violations.  Autonomous communities’ laws on historical violations were being challenged by the State in the Constitutional Court.  Spain had a law on transparency and a working group was seeking to expand transparency in access to information involving historic rights violations.  Parliament was addressing cases of children stolen during the dictatorship, and the law on democratic memory recognised these rights of these children.

    The State party had a national strategy on the Gitanos, which promoted social inclusion, equal opportunities and empowerment of this group, as well as their access to education, housing and healthcare services.

    The State party had conducted an analysis on racism and xenophobia to inform related policies.  It had established strategies promoting the inclusion of migrants.  The national action plan on preventing racism and xenophobia ran until 2026 and had already achieved tangible results.  The State party had been working with the European Commission to monitor and address online hate speech, and was drafting a strategy to address hate speech in sport.  Artificial intelligence was used in social networks to fight discrimination; it had led to increased detections of hate speech.  Data was collected on different forms of hate speech, including in sport. A working group was developing strategic plans promoting the inclusion of ethnic minorities.  Spain had been issuing subsidies to civil society organizations working to prevent hate speech and hate crimes.  The State party was promoting coordination between the police and other agencies to ensure the reporting of hate crimes.

    The Ministry of Interior had a zero-tolerance policy for hate speech and hate crimes.  There had been a rise in reports of these crimes, but this indicated that barriers to reporting had been addressed.  Police officers had been trained in combatting hate speech.  The State had implemented measures for protecting the Gitanos from hate speech.

    There was a robust legal framework governing police checks.  The police had committed to guaranteeing public security. There was an internal oversight body that investigated complaints related to racial profiling.

    Some 1.5 billion euros had been invested in the State Pact, and responsibilities for its implementation had been delineated.  Under the Pact, the State was working to combat all forms of violence against women.  The Constitutional Court had granted all victims of sexual aggression the right to appeal court cases.  There were 51 shelters for victims of violence, who also had access to compensation.  Budget had been allocated to improving care in rural areas.  Measures had been implemented to combat macho attitudes.  There was a comprehensive victim protection system that ensured appropriate protections for victims.  A campaign on psychological violence would be carried out by the State party this year.  Systems had been set up within the Ministry of the Interior to address sexual and gender-based violence.

    The definition of torture in the Criminal Code was not fully aligned with that of the Convention against Torture. However, the Code and other legislation sufficiently addressed the crime of torture, and did not need to be amended. The Code provided for the non-application of the statute of limitations for crimes of torture that were deemed to be crimes against humanity.  The statute of limitations was 15 years; this was sufficient time for the prosecution to act. Police practices needed to be aligned with international standards.

    Follow-Up Questions by Committee Experts

    One Committee Expert welcomed specific measures to address online hate speech and hate speech at sporting events.  What measures were in place to address other forms of hate speech?

    Committee Experts asked follow-up questions on the legal status of the Committee’s recommendations regarding compensation; national policies promoting sexual and reproductive health education; whether the 2022 law on memory brought an end to the amnesty imposed by the 1977 amnesty law; how the State party reconciled its obligations to guarantee access to justice and the concordia laws being adopted by the autonomous communities; measures to repeal amnesty laws to deal with enforced disappearance and to adopt a State plan for search and identification of the disappeared; and the legal framework on public access to archives on historic human rights violations.

    Experts also asked questions on whether the State party was considering adopting a law on racial profiling; the functions to be carried out by the body mandated to implement the recommendations of treaty bodies; whether all foreigners who were victims of serious crimes were provided with residency permits; whether the State’s efforts to prevent forced sterilisation were sufficient; the role of the Office of Human Rights Guarantees in implementing international standards on preventing torture; and investigations into numerous reports of torture and excessive use of force in a 2017 incident in Catalonia.

     

    Responses by the Delegation

    The delegation said persons could go before the courts to claim financial compensation based on treaty bodies’ Views and recommendations.

    Spain had an educational curriculum on sexual and reproductive health, which promoted mutual respect and the prevention of violence.  The Ministry of Education and Health was also providing online training on sexual and reproductive health for teachers and families.

    The concordia laws drafted by three autonomous communities had been challenged in the Constitutional Court.

    Video recordings of interrogations could be used in certain kinds of investigations; however, they could not be used when they undermined investigations.

    There had been a clear drop in hate speech crimes, from over 2,000 cases in 2023 to 1,900 in 2024.  This had been influenced by training provided to public officials and civil society on hate speech.  The number of cases of hate speech against the Gitanos had also fallen over this period.  There were laws on police ethics; if police did not abide by these laws, they were sanctioned and could possibly be released from service.

    The right to truth, reparation and non-repetition was enshrined in the law on democratic memory.  A map of disappeared persons had been created, and work was underway to create a DNA database of disappeared individuals. There was a unit in the Prosecutor’s Office that specialised in identifying the whereabouts of disappeared persons.  In one cemetery, the remains of up to 120 victims of human rights violations from the Civil War had been found.  There was an information service for persons affected by the kidnapping of babies, which facilitated access to birth certificates and genetic records.

    The police oversight body within the Ministry of Justice took actions in response to reports of police misconduct and conducted preventative activities.  It complemented internal police oversight units.

    A 2024 Royal Decree regulated the second national human rights plan, which included a measure establishing a commission for following up on the recommendations of human rights treaty bodies. It addressed all of Spain, including the autonomous communities.

    Last year, the Constitutional Court decided that the 2022 law on democratic memory did not affect the 1977 amnesty law.  The 1977 law provided a broad amnesty to those persons who were arrested under the dictatorship, as part of the transition from the dictatorship to a democracy.  Court rulings extended the amnesty to victims of forced labour and military personnel. The prosecutor’s office was opening investigations into alleged cases of human rights violations which had taken place in the dictatorship-era.  The aim of the investigations was to provide redress to victims.  Thus far, around 7,000 human remains had been identified and more would be exhumed soon.

    The Commission for the Elimination of Racial Discrimination was working with the private sector, unions and civil society to promote equality.  It held events related to racism, conducted studies and aided victims of racial discrimination.  Its funds had been increased in 2023, allowing it to expand its remit, which had led to an increase in reports of discrimination.

    Legal amendments had been made to make forced sterilisation a crime in all circumstances.  Since the amendments were enacted, there had been no reports of forced sterilisation.  The Government had held an event in which it offered an apology to victims.  The National Council for Disabilities was working to rectify this historic harm and support the sexual and reproductive health of women and girls with disabilities.

    Questions by Committee Experts

     

    A Committee Expert said the national preventive mechanism had identified material deficiencies in the oldest prisons, a dearth of psychiatric and healthcare professionals, and the use of mechanical subjugation.  How had authorities responded to these observations?  Electric shocks had been used against detainees as part of a study on aggressiveness.  Why was this allowed and how would the State party prevent repetition?

    Isolation was used in prisons, with prior authorisation for up to 14 days, with the possibility of extension. Why did the State party maintain this regime of incommunicado detention?  Had it seriously considered the possibility of its elimination? Legislation allowed for incommunicado detention of minors aged 16 to 18.  Would the State cease this practice?  There were no laws establishing maximum time limits for incommunicado detention; would limits be established?

    Were there alternatives to migratory detention?  To what extent were they applied?  What measures had the State party taken to respond to reports of ill-treatment of migrant children by officials in holding facilities?

    One Committee Expert said Spain was a country of destination and transit for migrants.  What was the nature and scope of the ongoing study on trafficking in persons?  What challenges remained in harmonising regional legislation on trafficking?  Was there a timeline for the adoption of the draft anti-trafficking law?  What did it cover?  Was the State party considering developing a more comprehensive national referral mechanism?

    Spain had no formal age determination procedure for migrants.  Would this be developed?  There were reports of abuse in migrant reception centres and of minors being held with adults.  How did the State party ensure that unaccompanied minors received legal assistance, protection and family reunification opportunities?

    To what extent was legislation on slander and libel compatible with international standards?  Was the State party considering decriminalising defamation? What was the rationale for maintaining the defamation law?  The transparency law did not cover judicial bodies and did not impose penalties on public officials for non-compliance.  Was the current legal system sufficient for securing transparency in public information? What measures were in place to promote increased application of the law?

    Between 2017 and 2020, at least 65 Catalan politicians, activists, and public figures had reportedly been targeted with Pegasus spyware, allegedly linked to the National Intelligence Centre, and there had been no investigations into these reports.  Did the State party intend to launch investigations into these allegations?  The 2024 amnesty law granted amnesty to individuals involved in recent pro-independence activities in Catalonia.  What progress had been made in applying the law?  What was the impact of the recent Constitutional Court ruling on the law?  Was the law compatible with international standards?

    A Committee Expert said migrant intake facilities could detain migrants for up to 60 days.  Did the State party provide consistent access to medical care and legal support for migrants in these centres?  In Ceuta, Melilla and the Canary Islands, migrants had been forced to sleep on the streets due to the lack of capacity in reception centres.  The Committee had also received disturbing reports about overcrowding and abuse of unaccompanied children in detention, particularly in the Canary Islands.  What progress had been made in redistributing migrants held in the Canary Islands to other areas of Spain?

    There were long wait times for the assessment of asylum applications; there were over 240,000 applications pending as of 2024.  How was this being addressed?  There were pushbacks at the border preventing migrants from entering the State, forcing them to swim or jump fences.  At least 15 migrants had died in an incident in a border area in 2014, and 23 had died in 2022.  What measures were in place to prevent deaths of migrants and promote effective and timely investigations of deaths?  When would the State party cease the practice of pushbacks?  A 2022 agreement with Morocco authorised Spain to send migrants back to Morocco.  How did the State party ensure that migrants who were sent back to Morocco had the right to apply for asylum?

    Another Committee Expert said the public security act of 2015 had a dissuasive impact on the activities of journalists and human rights defenders.  The Constitutional Court had issued a decision stating that the prohibition to film officials needed to be limited to cases where there was a threat to the official.  What measures were in place to amend the law in line with the Constitutional Court’s ruling? Did the State party still use the dangerous practice of undercover police agents?  The offence of glorification of terrorism had been used in 2024 against two Palestinian activists.  What was the status of proposed reforms to restrict the application of this offence?

    Limited progress had been made in combatting corruption in the judiciary.  In 2025, after five years of deadlock, an agreement was reached on establishing the General Council of the Judiciary.  Was fully operational?  How would the State party ensure that it functioned independently?  Judges and prosecutors had gone on strike this week to protest recent judicial reforms, fearing that it would harm their independence.  What was the purpose of these reforms?

    Responses by the Delegation

    The delegation said there were shortages of medical professionals in prisons.  Healthcare was the mandate of the autonomous communities, but the Central Government continued to provide resources to support healthcare.  Remote doctors were always available, and the State coordinated with the police to facilitate transfers of inmates to hospitals in cases of medical emergencies. Rosters for nurses and other medical professionals in prisons had been 95 per cent completed.

    Experimentation on inmates was prohibited, but voluntary scientific studies could be conducted in prisons.  Mechanical subjugation, such as the use of handcuffs, straps and tranquilisers in extreme cases, was regulated in the law on penitentiaries.  All guarantees were in place to ensure legality and proportionality in the use of these devices.  These devices were used as a last resort.

    The European Council had not established infractions related to Spain’s use of incommunicado detention.  Persons in incommunicado detention needed to be visited twice daily by medical authorities and visits by consular authorities were not restricted.  Legislation on incommunicado detention was fully aligned with European standards.  The State’s isolation regime had received the support of the Council of Europe’s torture body.  Typically, isolation was used for short periods of a few minutes or hours to prevent conflicts.

    The Government had conducted a study on trafficking in persons in 2024; its results had been published online.  The study identified that there were around 9,000 women in prostitution at risk of being trafficked.  A draft bill had been developed that sought to prevent trafficking and ensure support for victims.  A public hearing on the bill had been concluded, and it would go through the legislature in September.  The bill would establish a national referral mechanism.  Several training courses for the security forces promoted identification of trafficking victims using objective, streamlined criteria.

    Detainment in migrant holding centres was a last resort, applied only in cases of irregular residency.  Migrants could be held for up to 72 hours in these centres.  The legal regime for these centres aligned with that of detention in police centres. Detainees had the right to food and drinks.  The average occupation rate in these centres did not exceed 30 per cent.

    Between November 2023 and January 2024, there had been a mass arrival of asylum seekers at Madrid Airport.  Holding rooms at the airport were expanded and a room for women and girls was established.  The Government had expedited the processing of asylum claims for these people. 

    There had been an influx of arrivals to the Spanish islands, particularly in the Canary Islands, during the last two years.  In response, the Government was working to strengthen resources and support access to the asylum procedure.  A specific plan to support minors had been developed.  The Government had opened four large reception centres on the Canary Islands.  One centre that opened in 2023 had housed more than 37,000 people to date.

    The Government was committed to defending child migrants’ rights; it had developed a protection framework for these children.  Royal Decree 2/2025 introduced measures to ensure the best interests of the child in cases of irregular migration, regulating when unaccompanied minors could be welcomed by autonomous communities.  The State party was trying to redistribute these minors across the territory to ensure that the capacities of communities were not exceeded.  A draft Royal Decree on minimum standards had been developed, which would ensure a basic level of care for migrant children, establish training for officials on migrant children’s rights and support migrants’ inclusion in communities.  There were minors who wished to be considered as adults so that they could work in the country.  Specialised prosecutors had established standard criteria for determining migrants’ age.  A draft bill would amend civil procedures to establish a formal age determination process, including the assumption that migrants were minors until proven otherwise.

    Spain worked in step with European instruments in regulating its border in national territories bordering Africa. Investigations into the cases of migrant deaths in 2022 were ongoing.

    In 2020, the criteria evaluated by judges when determining acts that glorified terrorism were revised.  In all prosecuted cases of acts of glorification of terrorism, limits on the freedom of expression had been exceeded. 

    The Organic Law on the protection of citizens’ safety was an administrative law that did not have a criminal aspect.  There had been an increase an administrative sanctions after the implementation of this law, which related to restrictions on the freedom of movement implemented during the COVID-19 pandemic.  The law was currently being revised by the parliament.

    There were women’s penitentiaries in Spain, and large prison facilities had wings that were exclusively for women.  The penitentiary administration had developed programmes that supported women after their release from prison.

    In June 2024, an agreement was reached on the appointment of magistrates to Spanish courts, which resulted in the filling of 120 vacancies. Strikes by prosecutors and judges were related to the appointment process.  Individuals could lodge complaints with oversight mechanisms regarding issues with transparency in the judiciary.  These mechanisms ensured that prosecutors and judges did not have links to political groups.  Specialised units had been established in the prosecutor’s office that were fighting public corruption, and draft laws on transparency in the public administration had been developed.

    Follow-Up Questions by Committee Experts

     

    Committee Experts asked follow-up questions on reasons why police officers found guilty of human rights violations had not had their medals withdrawn; the treatment of people of African descent in Spain; efforts to investigate human rights violations involving migrants at the border more seriously; the number of autonomous communities involved in accommodating unaccompanied minors; efforts to standardise the process of determining minority across regions and increase the efficiency of the assessment process for minors’ asylum applications; how the State party had given effect to the national preventive mechanism’s recommendations regarding mechanical constraints; the law that determined the maximum duration of solitary confinement; the justification for the incommunicado detention regime; why the Constitutional Court had empty posts; and reforms that would be made by the forthcoming Organic Law on the judiciary.

    Responses by the Delegation

    The delegation said legal provisions were in place that allowed for the withdrawal of medals from officers who were found guilty of human rights violations.

    Tackling discrimination against people of African descent was a high priority for the State party.  It had developed policies and awareness raising campaigns that promoted the rights of this group.

    The Ministry of the Interior had moved some asylum seekers from the Canary Islands to Madrid to allow them to submit asylum applications.  Deportations to Morocco were processed in line with Spanish law.  Communities that shared a land border with Africa were saturated.  The budget for asylum processing had been significantly increased recently but was still not sufficient.  A draft bill had been developed to ensure that communities with the greatest demand were given greater priority in budgeting.  The State presumed that migrants subject to age determination procedures were minors until proven otherwise.

    Activities by undercover agents and “infiltrators” were regulated by State legislation.  They were mandated to gather information that contributed to public safety.

    There were around 300 cases in which had been necessary to use mechanical or chemical restraints between 2018 and 2025.  The use of such restraints was always filmed.

    Detainees who committed specific crimes, such as terrorist crimes or crimes related to organised crime, were subjected to the incommunicado detention regime.  Some 390 people, including 15 women, had been subjected to the regime.  There was a five-day maximum duration for such detention.

    Closing Statements

    MARCOS GÓMEZ MARTÍNEZ, Permanent Representative of Spain to the United Nations Office at Geneva and head of the delegation, thanked the Committee for the dialogue and the quality of its questions.  The full guarantee of civil and political rights was an ongoing process.  The Committee helped the State party to guarantee these rights domestically.

    CHANGROK SOH, Committee Chairperson, said that, over the past two days, the dialogue had addressed key topics related to implementation of the Covenant. The Committee commended progress in several areas, but was concerned by issues in other areas.  It urged the State party to implement its recommendations to strengthen implementation of the Covenant.  Mr. Soh closed by thanking the delegation for its participation and all those who had contributed to the dialogue.

    ____________

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

    CCPR25.014E

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: Hong Kong Customs seizes suspected counterfeit goods worth over $72 million in “Ocean Shield” operation (with photos)

    Source: Hong Kong Government special administrative region – 4

    Hong Kong Customs conducted a four-week enforcement operation codenamed “Ocean Shield” from May 28 to June 27 to combat counterfeit and infringing goods activities involving cross-boundary transshipments by sea cargo and local deliveries. During the operation, Customs detected 36 related cases and seized about 157 000 items of suspected counterfeit goods with a total estimated market value of over $72 million.

    Through intelligence analysis and detailed investigations, Customs detected a number of related cases at various local logistics companies. Customs officers identified and carried out strike-and-search operations at about 30 logistics companies in Kwai Chung, Tin Shui Wai, Tsuen Wan, Tsing Yi and Yuen Long. About 154 000 items of suspected counterfeit goods, including watches, mobile phone accessories, glasses, clothes and footwear, with a total estimated market value of about $70 million, were seized.

    After follow-up investigations, Customs believed that some of the seized suspected counterfeit goods would have been sold locally while the rest would have been re-exported to overseas destinations. Customs officers therefore organised controlled delivery operations in respect of two batches of seized items. On June 6, a 45-year-old male consignee was arrested at a retail shop in Mong Kok, and about 20 suspected counterfeit wireless headphones and speakers with an estimated value of about $32,000 were discovered inside the shop.

    Later, on June 18, Customs officers seized about 300 suspected counterfeit wireless headphones and speakers, with an estimated market value of about $1.2 million, in an industrial building unit in Kwai Chung. A 53-year-old female staff member, a 42-year-old male director and a 43-year-old female director were arrested.

    Investigations of the above-mentioned cases are ongoing. All arrested persons have been released on bail pending further investigation.

    Customs appeals to consumers to purchase goods at reputable shops or websites to avoid buying counterfeit or infringing goods. Practitioners in the logistics industry should also comply with the requirements of the Trade Descriptions Ordinance (TDO) and to check with the trademark owners or authorised agents if the authenticity of a product is in doubt. Traders should also be cautious and prudent in merchandising since selling counterfeit goods is a serious crime, and offenders are liable to criminal sanctions.

    Customs will continue to step up inspections and conduct intelligence-led enforcement actions to vigorously combat different types of counterfeit and infringing goods activities.

    Under the TDO, any person who imports or exports, or sells or possesses for sale any goods to which a forged trademark is applied commits an offence. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.

    Members of the public may report any suspected counterfeiting activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Sweden: Europe’s fight against plastic pollution gets boost as EIB backs Swedish innovation packaging company PulPac

    Source: European Investment Bank

    Unsplash

    • EIB lends Swedish sustainable-packaging company PulPac €20 million to advance alternatives to single-use plastics
    • Funding is to scale fibre-based technology that company sell internationally
    • Operation supports EU’s green goals

    The European Investment Bank (EIB) is lending €20 million (around 220 million Swedish kronor) to Swedish sustainable-packaging company PulPac to tackle global plastic pollution. The EIB financing will support development and commercialisation of a fibre-based technology developed by PulPac as an alternative to single-use plastics.

    Gothenburg-based PulPac is scaling up its patented Dry Molded Fiber technology, which produces rigid packaging from renewable cellulose fibre. The technology represents a disruptive improvement over traditional wet molding — currently the dominant method for fibre-based packaging — by enabling faster production with significantly lower environmental impact.

    The company will focus on food and retail applications, including coffee cup lids, plates, cutlery, bottles, fashion hangers, and pharmaceutical packaging.

    The European Union is working to reduce plastic pollution as part of a global effort to protect the environment — particularly marine ecosystems, wildlife, and human health. As part of this initiative, the EU has banned the sale of ten single-use plastic items, including plates, cutlery, straws, and cotton buds, and is actively promoting environmentally friendly alternatives.

    “By supporting PulPac, we are backing an innovative and scalable solution that can make a real difference in the global effort to reduce plastic waste and accelerate the green transition,” said EIB Vice-President Thomas Östros. “This financing underlines the EU’s commitment to supporting next-generation technologies with global potential.”

    The EIB financing for PulPac is structured as a venture debt loan – a form of growth financing tailored to innovative companies. It is provided under the InvestEU programme, which supports the EU’s green transition and efforts to spur innovation, industrial resilience and sustainable economic growth.

    “We are honoured by the EIB’s backing and its recognition of Dry Molded Fiber as a core part of the shift towards sustainable packaging,” said PulPac Chairman Niclas Möller. “This partnership is both a financial milestone and a strong validation of our strategy to build a global licensing platform for fibre-based alternatives to plastic.”

    The investment will accelerate PulPac’s research and development over a five-year period (2025–2029), with a focus on next-generation food service and retail packaging. The project aims to enhance material efficiency, improve product performance, and increase cost competitiveness, while supporting the global scale-up of Dry Molded Fiber through PulPac’s licensing-based business model.

    “The EIB has shown great flexibility in tailoring a financial structure that supports industrial innovation,” said PulPac Chief Financial Officer Roderick Sundell. “With this support, we can scale faster, expand our technology portfolio and bring cost-efficient, sustainable packaging to global markets.”

    Background information

    EIB

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, the EIB finances investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and the bioeconomy, social infrastructure, the capital markets union and a stronger Europe in a more peaceful and prosperous world. 

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.   

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in the organisation’s Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.   

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the EU is directed towards cohesion regions, where per capita income is lower than the EU average. 

    High-quality, up-to-date photos of the organisation’s headquarters for media use are available here.

    The InvestEU programme provides the European Union with long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps to crowd in private investment for the European Union’s strategic priorities such as the European Green Deal and the digital transition. InvestEU brings all EU financial instruments previously available for supporting investments within the European Union together under one roof, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is deployed through implementing partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

    PulPac

    PulPac is the home of Dry Molded Fiber – a resource-efficient fibre-forming technology that transforms cellulose fibres into responsible packaging with minimal environmental impact. By making our cutting-edge technology accessible worldwide, we enable brands and manufacturers to meet growing market demands for eco-friendly packaging. As a leader in fibre-forming innovation, PulPac is building an ecosystem of industry partners and licensees, helping drive the shift toward a circular economy and making sustainability a standard across the globe. 

    MIL OSI Europe News

  • MIL-OSI Europe: Kenya’s largest hospital gets EIB Global support to bolster and green its energy supply

    Source: European Investment Bank

    EIB

    The European Investment Bank’s development arm (EIB Global) will help Kenya’s largest hospital expand and green its energy supply. EIB Global will advise Kenyatta National Hospital in Nairobi on the installation of a solar-power system.

    The goal of the project is to meet growing demand for electricity at the hospital while increasing its energy independence and reducing its carbon footprint.

    EIB Global will offer the assistance in partnership with German development agency (GIZ) through a grant of 7.3 million Kenyan shillings (€50,000) from a multi-donor initiative run by the World Bank and EIB for cities – the Cities Climate Finance Gap Fund. The support will cover technical studies and a financial assessment regarding the planned installation of the photovoltaic (PV) system.

    The hospital, which is also the largest public health centre in East Africa, has a capacity of 2,400 beds and serves about 2 million patients annually. High grid costs in Kenya are straining the budget of the hospital and power outages are forcing it to rely on diesel generators that meet only about 65% of demand, leaving critically ill patients at risk.

    “Our goal is a climate smart future,” said EIB Regional Hub for East Africa Head Edward Claessen.  “We are committed to supporting Kenyatta National Hospital in its transition to green electricity. The forthcoming technical studies will lay the ground for successful implementation of the PV system.”

    Under the support agreement, GIZ experts will carry out the technical and financial evaluations for implementation and maintenance of the solar-power system.

    Kenyatta National Hospital intends to direct savings on energy bills resulting from the planned PV system to areas such as purchasing medical supplies, hiring more staff and upgrading facilities.

    “We are grateful to the European Investment Bank, GIZ and the City Climate Finance Gap Fund for their support through this technical assistance programme,” said Kenyatta National Hospital Chief Executive Officer, Dr. Evanson Kamuri. “This collaboration marks a significant step forward in our commitment to sustainable healthcare delivery. By integrating energy efficiency and climate-smart solutions, Kenyatta National Hospital is not only enhancing operational resilience but also setting a benchmark for environmentally responsible healthcare infrastructure in the region.”

    The EIB Global and GIZ support will lead to concrete recommendations to the hospital on attaining reliable and efficient power supply through the planned PV system. The studies will assess the hospital’s current energy-consumption patterns, evaluate the feasibility of integrating the planned PV system into the hospital power grid, provide financial modelling for installation and maintenance and address regulatory questions.

    The European Investment Bank, through the Cities Climate Gap Fund support cities in the early stages of project development by assessing the actual challenges, understanding the risks and designing fit-for-purpose solutions that resonate with their goals for a climate- smart future.

    Background information

    About EIB Global

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives.  

    EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. EIB Global aims to support €100 billion of investment by the end of 2027 — around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through offices across the world. High-quality, up-to-date photos of the organisation’s headquarters for media use are available here.

    About Gap Fund:

    The Cities Climate Finance Gap Fund is a multi-donor fund, implemented by the World Bank and the EIB in collaboration with GIZ and other city networks. Gap Fund provides much-needed funding for early-stage technical assistance and capacity building so that cities from low- and middle-income countries can operationalise their climate action plans, develop robust project concepts, and access climate finance resources. Since its establishment in 2020, it has supported 183 cities in 67 countries.

    On 20 September 2023, the governments of Germany and Luxembourg announced new funding of € 50 million  for the City Climate Finance Gap Fund (Gap Fund) with an additional €5 million on the horizon, these resources will support the development of low-carbon and climate-resilient urban investments and will nearly double the fund’s capitalization, bringing it to €105 million, making it one of the largest early-stage technical assistance funds for cities and climate.

    MIL OSI Europe News

  • MIL-OSI Europe: How to finance affordable and sustainable housing

    Source: European Investment Bank

    “Housing problems are local problems,” says the European Investment Bank’s Muent. “Lack of supply is very often due to local factors—land availability, planning, etc. What we need is a financial toolbox with generic tools and instruments which can be tailored to local needs and then scaled at regional or national level to deliver hundreds of thousands of homes, not tens.”

    To create just such an instrument, the European Investment Bank has been working with the European Commission’s Directorate-General for Regional and Urban Policy on a new model financial instrument for affordable housing that national and regional authorities can use. This blueprint helps national and regional authorities, or public banks such as National Promotional Banks which often administer this kind of instrument, to channel existing public funds, including EU funds for poorer regions, into the housing sector in a way that encourages more private and public investment.

    The key to the success of such financial instruments is that they allow for flexible combinations of loans and grants—for example, capital grants or interest-rate subsidies—to “de-risk” projects, making them more attractive to a wider range of investors, and to set the right mix of funding to meet local needs.

    “The benefit of the financial instrument is that it introduces more favourable terms through the grant combination,” says Emily Smith, a principal advisor at the European Investment Bank. “If the projects have viability issues, then there’s the option to use some of the resource as a capital grant. You could channel some of it as an interest-rate subsidy, if you want to lower the cost of the financing. You could use capital rebate to reward the achievement of certain performance objectives by writing off part of the loan.”

    This flexible approach allows Member States to adapt the model to their specific needs and market conditions, recognising that housing markets vary significantly from country to country and even from region to region.

    This model financial instrument for affordable housing also aligns with the European Commission’s push to refocus its cohesion funds, which it reserves for economically disadvantaged parts of Europe, on pressing priorities such as housing. The Commission has also clarified other rules to ensure that its structural funds, which are available to all regions, can also be used for housing.

    MIL OSI Europe News

  • MIL-OSI Europe: Joint press release: Investment of €3.66 billion from EU emissions trading revenues in cleaner energy systems  

    Source: EuroStat – European Statistics

    European Commission Press release Brussels, 03 Jul 2025 Today, the European Commission and the European Investment Bank announced that €3.66 billion have been disbursed from the Modernisation Fund to support 34 energy related projects in nine EU Member States.

    MIL OSI Europe News

  • MIL-OSI USA: Attorney General James Announces Convictions and Sentencings of Members of Massive Retail Theft Ring

    Source: US State of New York

    EW YORK – New York Attorney General Letitia James today announced the convictions and sentencings of members of a massive retail theft operation in New York City, including its ringleader Roni Rubinov, who stole and resold millions of dollars in goods from 2017 to 2022. An investigation by the Office of the Attorney General’s (OAG) Organized Crime Task Force (OCTF) and the New York City Police Department’s (NYPD) Grand Larceny Division recovered more than $3.8 million in stolen goods from Rubinov, along with more than 550 stolen gift and cash cards and over $300,000 in cash. Rubinov was convicted of Enterprise Corruption and sentenced to two and a half to seven and a half years in state prison. He forfeited approximately $2.1 million and must pay additional restitution of over $3.1 million. 35 other members of the crime ring have also been convicted.

    “This crime ring organized bands of shoplifters to rob stores throughout our city, putting both businesses and everyday New Yorkers in danger,” said Attorney General James. “Roni Rubinov and his associates ran a massive scheme to steal millions of dollars of goods and resell them online for big profits, but our investigation has brought them to justice. I thank the NYPD and all our law enforcement partners for their hard work to keep our communities safe.

    “This was a large-scale, organized theft operation that deeply affected New York City businesses and residents, especially those still struggling to recover from the pandemic,” said NYPD Commissioner Jessica S. Tisch. “These convictions and sentences underscore the NYPD’s commitment to holding accountable any network that exploits vulnerable communities for profit. I thank the NYPD investigators, HSI, and the Attorney General’s Office for their partnership in helping secure justice in this most important case.”

    A multiyear investigation led by OCTF and NYPD found that Rubinov and his accomplices, Yuriy Khodzhandiyev and Rafik Israilov, directed thieves to steal merchandise and gift cards from New York City retailers. The thieves brought the stolen goods to Rubinov’s New Liberty Loans Pawn Shop, located at 67 W 47th Street, and to Romanov Gold Buyers, Inc., located at 71 W 47th Street. Rubinov’s employees, Akasya Yasaroglu, Lyudmila Yushuvayev, Zamira Shaganova, Erica Zambrano, and Ramdass Ramkissoon, then purchased the stolen goods at steep discounts and resold them for profit on an eBay store called Treasure-Deals-USA.

    Once the stolen property was purchased by Rubinov or his employees, it was stored at one of the locations in midtown Manhattan. It was then regularly transported by Fathi Negadi to Rubinov’s residence and Rubinov’s stash house, both located in Fresh Meadows, Queens. Other members of the crime ring inventoried and organized the stolen property at the stash locations in Queens and then posted the items for sale on Romanov’s eBay store. Once the posted items were purchased, they were transported back to 71 W 47th Street to be packaged and shipped.

    Additionally, OCTF and NYPD uncovered that Rubinov procured New York City Electronic Benefits Transfer (EBT) cards and benefits from boosters in exchange for cash. Rubinov directed Khodzhandiyev, Yasaroglu, and Shaganova to verify whether the boosters’ personal EBT cards or accounts had active balances and to subsequently purchase the EBT cards from the boosters in exchange for cash. Rubinov then used these EBT cards to purchase groceries for his family.

    The investigation also found that Rubinov reinvested almost 60 percent of his eBay gross proceeds into the enterprise. Specifically, Rubinov and his employees reinvested funds for various illicit business expenses, such as cash withdrawals which paid boosters for stolen property, payments made to Rubinov’s employees, and marketing campaigns. These types of payments and expenses were the foundation of Rubinov’s enterprise, which enabled him to continue to purchase and resell stolen property, and which perpetuated the flow of illicit proceeds into Rubinov’s PayPal and bank accounts.

    Rubinov was convicted of Enterprise Corruption and sentenced to two and a half to seven and a half years in state prison. He has forfeited approximately $2.1 million and must pay additional restitution of over $3.1 million. Additional defendants who have been convicted are:

    • Yuriy Khodzhandiyev, 39, of Queens County was convicted of Attempted Enterprise Corruption and sentenced to three years of probation.
       
    •  Rafik Israilov, 56, of Queens County was convicted of Attempted Enterprise Corruption and sentenced to five years of probation.
       
    • Akasya Yasaroglu, 26, of New York County was convicted of Attempted Scheme to Defraud in the First Degree. Her sentence is pending.
       
    •  Lyudmila Yushuvayev, 46, of Queens County was convicted of Attempted Scheme to Defraud in the First Degree and received a conditional discharge.
       
    • Erica Zambrano, 43, of New York County was convicted of Money Laundering in the Fourth Degree and sentenced to three years of probation.
       
    • Ramdass Ramkissoon, 64, of Queens County was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to six months in jail and five years of probation.
       
    • Zamira Shaganova, 33, of Kings County was sentenced to Criminal Possession of Stolen Property in the Fifth Degree and received a conditional discharge.
       
    • Ana Balaceanu, 40, of Queens County, was convicted of Money Laundering in the Fourth Degree and sentenced to three years of probation.
       
    • Charles Harman, 58, of Erie County was convicted of Conspiracy in the Fifth Degree and received a conditional discharge.
       
    • Patrice Collins, 67, of New York County was convicted of Scheme to Defraud in the First Degree and sentenced to three years of probation.
       
    • Jerard Iamunno, 39, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree. His sentence is pending.
       
    • Lance Fair, 31, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree and sentenced to one to three years in prison.
       
    • Cayla Roman, 23, of New York County was convicted of Attempted Scheme to Defraud in the first degree and received a conditional discharge.
       
    • Kathleen Ragusa, 42, of New York County was convicted of Criminal Possession of Stolen Property in the Second Degree and sentenced to three years of probation.
       
    • Gregory Roosa, 49, of New York County was convicted of Criminal Possession of Stolen Property in the Second Degree and sentenced to one to three years of state prison.
       
    •  Jordan Cavaliero, 39, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree and sentenced to one to three years of state prison.
       
    •  Thomas Nicholas, 33, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree and sentenced to one to three years of state prison.
       
    • Eveylon Ferguson, 33, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree and received a sentence of time served.
       
    • Kevin Ruthenbeck, 35, of New York County was convicted of Criminal Possession of Stolen Property in the First Degree and sentenced to one to three years of state prison.
       
    • Justin Pepchinski, 43, of New York County was convicted of Scheme to Defraud in the First Degree and sentenced to one year in jail.
       
    •  Daniel Weber, 36, of New York County was convicted of Criminal Possession of Stolen Property in the Fifth Degree and sentenced to one year of probation.
       
    • Patrick Casey, 41, of New York County was convicted of Scheme to Defraud in the First Degree and sentenced to one and a third to four years of state prison.
       
    •  Shawn Herald, 40, of New York County was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to three years of probation.
       
    •  James Bilis, 32, of Hudson County, New Jersey was convicted of Criminal Possession of Stolen Property in the Second Degree and sentenced to one to three years of state prison.
       
    • Samantha Cotroneo, 30, of Hudson County, New Jersey was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to three years of probation.
       
    • Herman Ellis, 48, of New York County was convicted of Scheme to Defraud in the First Degree and sentenced to one and a half to three years of state prison.
       
    • Chris Plamondon, 31, of New York County was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to one year in jail.
       
    • Joshua Dvorin, 33, of New York County was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to one year in jail.
       
    • Reagan Callihan, 41, of New York County was convicted of Scheme to Defraud in the First Degree and sentenced to one year in jail.
       
    • Sharif Warner, 45, of Kings County was convicted of Criminal Possession of Stolen Property in the First Degree and sentenced to one to three years of state prison.
       
    • Chase Bunt, 33, of Ulster County was convicted of Scheme to Defraud in the First Degree and sentenced to one year in jail.
       
    • Michael Morris, 26, of Kings County was convicted of Criminal Possession of Stolen Property in the Fourth Degree and sentenced to three years of probation.
       
    • Jabari Smith, 31, Kings County was convicted of Criminal Possession of Stolen Property in the Fifth Degree and received a conditional discharge.
       
    • Alonzo Roberts, 30, of Kings County was convicted of Scheme to Defraud in the First Degree and sentenced to three years of probation.
       
    • Jacqueline Alessi, 34, of Suffolk County was convicted of Welfare Fraud in the Fourth Degree and sentenced to three years of probation and paid $3,053.93 of restitution.

    OCTF thanks the U.S. Department of Homeland Security’s El Dorado Task Force II — Major Frauds Group Special Agents Michael MacDonald and Kathleen Corbett for their long-term assistance on this investigation. OCTF also thanks the Organized Retail Crime teams from Macy’s, CVS Pharmacy, Rite-Aid, and Lowe’s for their ongoing assistance during this investigation, including Rite Aid Manager of Organized Retail Crime & Special Investigations John Moore; Macy’s Senior Organized Retail Crime Investigator Israel Herrera; Lowe’s Regional Investigations Manager Amanda Hobert; and CVS Health Director, Organized Retail Crime & Corporate Investigations Ben Dugan. OCTF also thanks the Human Resources Administration (HRA) for their assistance in the welfare fraud portion of this investigation.

    OCTF and NYPD also utilized the investigative resources provided by eBay and PayPal and thank both eBay and PayPal law enforcement liaisons.

    This joint OCTF-NYPD investigation was directed by OCTF Detective Brian Fleming, Detective Mary Laspina, NYPD Detective Vincent Catalano, NYPD Detective Brian Deighan, and Retired Sergeant Michael Korabel. OCTF Detectives Fleming and Laspina are under the supervision of Detective Supervisor Paul Grzegorski and Downstate OCTF Deputy Chief Andrew Boss. The Investigations Bureau is led by Chief Investigator Oliver Pu-Folkes.

    During the active investigation, NYPD Detective Catalano was under the supervision of Retired Sergeant Michael Korabel and Retired Lieutenant Michael Burke of the Grand Larceny Division. NYPD Detective Catalano is currently under the supervision of Sergeant Eve Persaud and Lieutenant Gabriel Zambrano of the Grand Larceny Division. The Captain is Tawee Theanthong and the Deputy Inspector is Nicholas Fiore.

    The money laundering portion of this investigation was directed by OCTF Detective Rachel Muzichenko, under the supervision of OCTF Supervisor Detective Cheryl Munoz. OCTF Detective Muzichenko received support from New York National Guard Counterdrug Task Force, Criminal Analyst Sandro Di Geso; OAG Forensic Audit Section Principal Auditor Investigator Meaghan Scotellaro; and OAG Forensic Audit Section Chief Auditor Kristen Fabbri.

    The case is being prosecuted by OCTF Assistant Deputy Attorney Brandi S. Kligman, with support from former OCTF Legal Support Analysts Stephanie Tirado and Christine Cintron and current OCTF Legal Support Analyst Madeline Rosen, under the supervision of OCTF Downstate Deputy Bureau Chief Lauren Abinanti. Nicole Keary is the Deputy Attorney General in Charge of OCTF. The Division for Criminal Justice is led by Chief Deputy Attorney General José Maldonado. Both the Investigations Division and the Division for Criminal Justice are overseen by First Deputy Attorney General Jennifer Levy.

    MIL OSI USA News

  • MIL-OSI: Wealth Megatrends Releases 2025 Forecast Update on Gold Prediction Amid Historic Surge in Central Bank Demand

    Source: GlobeNewswire (MIL-OSI)

    Palm Beach Gardens, July 03, 2025 (GLOBE NEWSWIRE) —

    FOR IMMEDIATE RELEASE

    SECTION 1 – INTRODUCTION

    The gold market has re-entered a cycle of historic attention as macroeconomic uncertainty accelerates worldwide. In early 2025, gold prices surged beyond $3,200 per ounce for the first time on record, prompting a surge in online interest, independent forecasts, and portfolio reassessments. This surge can be attributed to factors such as recent tariff escalations, currency reallocation by foreign governments, and geopolitical fragmentation, which have amplified concerns about the long-term stability of fiat systems. Simultaneously, capital outflows and bond yield distortions have complicated traditional wealth preservation strategies. Many investors, both institutional and retail, are actively revisiting gold as a potential counterbalance to portfolio risk, particularly in light of rising stagflation narratives.

    This trend is rooted in increasingly visible disruptions across both U.S. and international markets. Recent tariff escalations, currency reallocation by foreign governments, and geopolitical fragmentation have amplified concerns about the long-term stability of fiat systems. Simultaneously, capital outflows and bond yield distortions have complicated traditional wealth preservation strategies. Many investors, both institutional and retail, are actively revisiting gold as a potential counterbalance to portfolio risk, particularly in light of rising stagflation narratives.

    Gold’s long-term historical performance, a key factor in its investment potential, continues to draw analytical interest. Since 2000, the metal has averaged over 20% annualized returns in periods of monetary dislocation, with only four annual declines in the past 25 years. This statistical consistency has aligned with peak search periods around previous crises, including the 2008 financial collapse, the 2020 pandemic response, and inflation spikes of the 1970s, providing reassurance to potential investors.

    As the dollar weakens and equity markets exhibit erratic momentum, digital conversations have also expanded beyond physical gold. Investor attention is turning toward ancillary market sectors with cyclical ties to the price of gold, specifically gold mining equities, royalty streaming models, and historically correlated commodities. In response to this emerging wave of interest, financial analysts and newsletter platforms have begun re-evaluating the long-term implications of sustained gold appreciation under current monetary and geopolitical conditions.

    To explore the full gold forecast and related analysis from Sean Brodrick, visit the Wealth Megatrends research platform at: www.weissratings.com.

    SECTION 2 – COMPANY / PRODUCT ANNOUNCEMENT

    In its latest macroeconomic outlook, Wealth Megatrends, backed by the highly respected and seasoned precious metals researcher Sean Brodrick, has released an updated analysis. His projection of a potential rise in gold prices to $6,900 per ounce—more than double current levels-is a significant milestone in the gold market. This projection, based on more than two decades of field-based research across global mining markets, follows gold’s recent break past $3,200, a milestone Brodrick had publicly projected following key shifts in post-election market dynamics and intensifying global trade disruptions.

    Brodrick’s projections are informed by more than two decades of field-based research across global mining markets. They are developed in collaboration with Weiss Ratings, an independent financial analysis firm known for its longstanding data-driven forecasting models. Founded nearly a century ago, Weiss Ratings has established a reputation for identifying risk-adjusted investment trends early in their cycle across multiple sectors, including commodities. Wealth Megatrends, on the other hand, is a leading authority in macroeconomic trends and has a track record of accurate forecasts in the precious metals market.

    The latest gold outlook presented through Wealth Megatrends is framed within the broader thesis that structural volatility—driven by tariffs, debt accumulation, and rising capital flight—may continue to pressure fiat currencies and redirect both institutional and sovereign interest toward hard assets. Within that narrative, Brodrick identifies gold’s current trajectory as part of a long-form secular cycle, where historical comparisons to the 1970s, early 2000s, and post-2008 recovery periods offer a relevant benchmark.

    The forecast does not focus solely on bullion pricing. Instead, it emphasizes the importance of understanding how gold-related equities—specifically gold mining stocks—have historically shown outsized performance during similar macroeconomic phases. While physical gold has traditionally served as a wealth preservation tool, equities tied to its production have demonstrated the potential for amplified movement, often reflecting operational leverage and commodity price elasticity. This comprehensive view of the market, providing a holistic understanding, is crucial for investors seeking to maximize their returns and feel prepared for their investment decisions.

    Wealth Megatrends positions this update as part of its ongoing commitment to transparency in informational research within the investment landscape. All perspectives are based on publicly observable market behavior, historical analogs, and forward-looking interpretations of supply-demand dislocations currently underway in the precious metals ecosystem. This commitment ensures that our audience can trust the information we provide.

    SECTION 3 – TREND ANALYSIS / CONSUMER INTEREST

    As uncertainty continues to shape global markets, search behavior and investor sentiment have undergone a noticeable shift. Interest in “gold forecast,” “gold prediction 2025,” and “how to invest in gold mining stocks” has surged across digital platforms. Concurrently, investment forums, macroeconomic newsletters, and institutional reports have intensified their coverage of gold and related asset classes, driven by elevated concerns over inflation, currency depreciation, and geopolitical fragmentation.

    Beyond retail curiosity, sovereign actors are playing an increasingly visible role in gold market dynamics. According to international financial reporting, global central banks have significantly increased their gold reserves over the last five years, with holdings reaching multi-decade highs. Nations such as China, Russia, Saudi Arabia, and Hungary have expanded their stockpiles, while institutions like the IMF have noted a material decline in U.S. dollar reserve dominance. This broader pivot toward physical gold reflects a growing skepticism toward traditional currency systems, particularly after recent asset seizures and shifting global monetary policies.

    At the same time, prominent hedge fund managers and macro investors have reportedly rotated capital into precious metals and resource equities. Though motivations vary—from protection against dollar volatility to long-term diversification—the directional trend suggests a shared expectation of continued financial instability. These evolving behaviors have contributed to an ecosystem where gold-related content now performs at record engagement levels across both news outlets and investment research platforms.

    Notably, the discourse is also expanding beyond bullion. Mining stocks, streaming firms, and gold-sector ETFs have re-emerged in public conversations due to their historical pattern of outperforming the underlying metal during bull cycles. This pattern, often tied to operational leverage and production scalability, is once again being evaluated by market analysts seeking exposure to gold-aligned opportunities without the logistical or storage limitations of physical assets.

    Additional insights into long-cycle gold behavior, macro trends, and equity exposure models are available through the Wealth Megatrends monthly publication, produced by Weiss Ratings.

    SECTION 4 – TECHNOLOGY SPOTLIGHT

    Within the broader conversation about gold’s long-term role in financial strategy, renewed interest is emerging in an adjacent category: publicly traded gold mining companies. Historically, these companies have moved directionally with the price of gold but have shown the potential for outsized volatility—both upward and downward—due to the inherent operating leverage tied to commodity prices.

    Mining equities represent businesses engaged in the extraction, production, and refinement of gold, often operating across geographically diverse sites. Their revenue models are influenced not only by prevailing spot prices but also by internal efficiencies, fixed operating costs, jurisdictional stability, and resource scalability. This makes them a subject of focused interest for market analysts seeking to interpret how rising gold prices might impact corporate financial performance within the sector.

    In previous gold bull markets—such as those seen in the 1970s, early 2000s, and post-2008—specific gold mining equities exhibited exponential price action relative to the metal itself. This pattern, commonly attributed to margin expansion, arises when rising gold prices exceed fixed production costs. While the price of gold may increase incrementally, the profitability of certain miners can shift more dramatically under favorable conditions, depending on operational factors such as grade, jurisdiction, and scale of output.

    Recent digital commentary also reflects growing awareness of gold mining sub-sectors, including royalty and streaming companies. These entities do not engage directly in mining but instead finance producers in exchange for a fixed share of production, often at below-market rates. As a result, they tend to operate with reduced overhead and exposure, while still participating in the broader gold cycle.

    SECTION 5 – USER JOURNEY NARRATIVE / MARKET RECEPTION

    Public conversation around gold has shifted dramatically in recent quarters, with online forums, financial publications, and independent research platforms documenting a growing reappraisal of gold’s long-term role in diversified strategies. Once considered a niche or defensive holding, gold is increasingly being positioned by investors as a foundational asset in the face of mounting systemic uncertainty.

    The transition in tone—from peripheral interest to mainstream reconsideration—has coincided with several economic flashpoints. These include the recalibration of central bank policies, persistent inflation indicators, and pronounced volatility in both equity and fixed-income markets. As global confidence in fiat stability continues to waver, discourse around asset preservation has taken on new urgency. In this environment, physical gold is commonly cited as a symbolic safeguard, while gold-linked equities are being explored for their cyclical performance dynamics.

    This renewed attention is not limited to physical asset holders. Retail investors who previously focused on conventional equities or index strategies are now engaging with educational content around gold mining companies, royalty models, and global production footprints. Meanwhile, institutional portfolios have been observed increasing their allocations to tangible asset categories, sometimes through passive vehicles that provide exposure to diversified gold equity baskets.

    Notably, this shift in tone is not driven solely by performance metrics but by a broader cultural narrative about financial resilience, global realignment, and the search for assets that exist outside centralized systems.

    Wealth Megatrends is a subscription-based research newsletter published monthly by Weiss Ratings. It provides economic cycle analysis for informational purposes only.

    SECTION 6 – AVAILABILITY AND TRANSPARENCY

    Readers seeking additional context on gold market cycles, equity sector dynamics, or commodity-aligned investment frameworks can find expanded analysis in the Wealth Megatrends publication. The platform is designed to offer economic research and independent forecasting centered around macroeconomic cycles, resource asset classes, and long-term portfolio theory.

    All materials are presented for informational purposes only and are developed using a combination of historical market analysis, third-party data synthesis, and independent evaluation of publicly available company performance metrics. No materials constitute financial advice or investment guidance. Instead, Wealth Megatrends content is intended to support educational exploration for individuals seeking to understand the structural drivers behind evolving market behavior.

    SECTION 7 – FINAL OBSERVATIONS & INDUSTRY CONTEXT

    The renewed momentum behind gold and gold-aligned equities reflects a broader shift in investor expectations across global markets. What began as a defensive reaction to short-term economic stressors has evolved into a long-term reassessment of value preservation frameworks and asset decentralization strategies. Within this environment, commodities such as gold and, by extension, mining sector exposure have re-emerged as central discussion points in the allocation strategies of both institutional and individual investors.

    The movement is not isolated to metals alone. It parallels a growing trend toward so-called “clean-label assets”—investments perceived as tangible, auditable, and less reliant on third-party counterparty risk. This shift mirrors consumer demand in other sectors, where transparency, operational integrity, and verifiable origin are increasingly prioritized over yield projections or promotional narratives.

    As global policy tools face scrutiny and traditional diversification models come under pressure, the precious metals space may continue to serve as both a barometer and a response mechanism to macroeconomic volatility.

    SECTION 8 – PUBLIC COMMENTARY THEME SUMMARY

    Public commentary surrounding the current gold cycle reflects a diverse mix of enthusiasm, skepticism, and inquiry. A recurring theme among bullish observers is the belief that structural global instability—encompassing monetary policy and geopolitical shifts—has triggered a renewed case for gold as a long-term asset.

    At the same time, some participants express concern over the potential for near-term overvaluation. A recurring discussion point involves the pace of recent gains and whether market enthusiasm may be outpacing underlying supply-demand fundamentals.

    Discussions across digital channels also reflect an evolving understanding of how gold-related equities behave differently from physical bullion. Some have noted that while gold mining stocks can amplify exposure to the metal’s price, they may also introduce operational, jurisdictional, or liquidity risks not present in the physical commodity itself.

    Another frequently cited theme involves the role of silver and other precious metals within the current narrative. Some market observers have expressed curiosity about whether these secondary metals will follow gold’s trajectory or establish differentiated cycles based on industrial demand and production forecasts.

    ABOUT THE COMPANY

    Founded to help investors navigate complex economic cycles, Wealth Megatrends is a monthly research publication that provides independent, data-driven analysis across precious metals, energy, and global resource sectors. Veteran cycles analyst Sean Brodrick leads the newsletter and is part of the Weiss Ratings ecosystem, a firm originally established in 1971 and known for its transparent approach to financial modeling and risk assessment.

    The publication does not provide investment advice, treatment, or diagnostic services and is intended strictly for educational and informational purposes.

    Contact:

    The MIL Network

  • MIL-OSI: Wealth Megatrends Releases 2025 Forecast Update on Gold Prediction Amid Historic Surge in Central Bank Demand

    Source: GlobeNewswire (MIL-OSI)

    Palm Beach Gardens, July 03, 2025 (GLOBE NEWSWIRE) —

    FOR IMMEDIATE RELEASE

    SECTION 1 – INTRODUCTION

    The gold market has re-entered a cycle of historic attention as macroeconomic uncertainty accelerates worldwide. In early 2025, gold prices surged beyond $3,200 per ounce for the first time on record, prompting a surge in online interest, independent forecasts, and portfolio reassessments. This surge can be attributed to factors such as recent tariff escalations, currency reallocation by foreign governments, and geopolitical fragmentation, which have amplified concerns about the long-term stability of fiat systems. Simultaneously, capital outflows and bond yield distortions have complicated traditional wealth preservation strategies. Many investors, both institutional and retail, are actively revisiting gold as a potential counterbalance to portfolio risk, particularly in light of rising stagflation narratives.

    This trend is rooted in increasingly visible disruptions across both U.S. and international markets. Recent tariff escalations, currency reallocation by foreign governments, and geopolitical fragmentation have amplified concerns about the long-term stability of fiat systems. Simultaneously, capital outflows and bond yield distortions have complicated traditional wealth preservation strategies. Many investors, both institutional and retail, are actively revisiting gold as a potential counterbalance to portfolio risk, particularly in light of rising stagflation narratives.

    Gold’s long-term historical performance, a key factor in its investment potential, continues to draw analytical interest. Since 2000, the metal has averaged over 20% annualized returns in periods of monetary dislocation, with only four annual declines in the past 25 years. This statistical consistency has aligned with peak search periods around previous crises, including the 2008 financial collapse, the 2020 pandemic response, and inflation spikes of the 1970s, providing reassurance to potential investors.

    As the dollar weakens and equity markets exhibit erratic momentum, digital conversations have also expanded beyond physical gold. Investor attention is turning toward ancillary market sectors with cyclical ties to the price of gold, specifically gold mining equities, royalty streaming models, and historically correlated commodities. In response to this emerging wave of interest, financial analysts and newsletter platforms have begun re-evaluating the long-term implications of sustained gold appreciation under current monetary and geopolitical conditions.

    To explore the full gold forecast and related analysis from Sean Brodrick, visit the Wealth Megatrends research platform at: www.weissratings.com.

    SECTION 2 – COMPANY / PRODUCT ANNOUNCEMENT

    In its latest macroeconomic outlook, Wealth Megatrends, backed by the highly respected and seasoned precious metals researcher Sean Brodrick, has released an updated analysis. His projection of a potential rise in gold prices to $6,900 per ounce—more than double current levels-is a significant milestone in the gold market. This projection, based on more than two decades of field-based research across global mining markets, follows gold’s recent break past $3,200, a milestone Brodrick had publicly projected following key shifts in post-election market dynamics and intensifying global trade disruptions.

    Brodrick’s projections are informed by more than two decades of field-based research across global mining markets. They are developed in collaboration with Weiss Ratings, an independent financial analysis firm known for its longstanding data-driven forecasting models. Founded nearly a century ago, Weiss Ratings has established a reputation for identifying risk-adjusted investment trends early in their cycle across multiple sectors, including commodities. Wealth Megatrends, on the other hand, is a leading authority in macroeconomic trends and has a track record of accurate forecasts in the precious metals market.

    The latest gold outlook presented through Wealth Megatrends is framed within the broader thesis that structural volatility—driven by tariffs, debt accumulation, and rising capital flight—may continue to pressure fiat currencies and redirect both institutional and sovereign interest toward hard assets. Within that narrative, Brodrick identifies gold’s current trajectory as part of a long-form secular cycle, where historical comparisons to the 1970s, early 2000s, and post-2008 recovery periods offer a relevant benchmark.

    The forecast does not focus solely on bullion pricing. Instead, it emphasizes the importance of understanding how gold-related equities—specifically gold mining stocks—have historically shown outsized performance during similar macroeconomic phases. While physical gold has traditionally served as a wealth preservation tool, equities tied to its production have demonstrated the potential for amplified movement, often reflecting operational leverage and commodity price elasticity. This comprehensive view of the market, providing a holistic understanding, is crucial for investors seeking to maximize their returns and feel prepared for their investment decisions.

    Wealth Megatrends positions this update as part of its ongoing commitment to transparency in informational research within the investment landscape. All perspectives are based on publicly observable market behavior, historical analogs, and forward-looking interpretations of supply-demand dislocations currently underway in the precious metals ecosystem. This commitment ensures that our audience can trust the information we provide.

    SECTION 3 – TREND ANALYSIS / CONSUMER INTEREST

    As uncertainty continues to shape global markets, search behavior and investor sentiment have undergone a noticeable shift. Interest in “gold forecast,” “gold prediction 2025,” and “how to invest in gold mining stocks” has surged across digital platforms. Concurrently, investment forums, macroeconomic newsletters, and institutional reports have intensified their coverage of gold and related asset classes, driven by elevated concerns over inflation, currency depreciation, and geopolitical fragmentation.

    Beyond retail curiosity, sovereign actors are playing an increasingly visible role in gold market dynamics. According to international financial reporting, global central banks have significantly increased their gold reserves over the last five years, with holdings reaching multi-decade highs. Nations such as China, Russia, Saudi Arabia, and Hungary have expanded their stockpiles, while institutions like the IMF have noted a material decline in U.S. dollar reserve dominance. This broader pivot toward physical gold reflects a growing skepticism toward traditional currency systems, particularly after recent asset seizures and shifting global monetary policies.

    At the same time, prominent hedge fund managers and macro investors have reportedly rotated capital into precious metals and resource equities. Though motivations vary—from protection against dollar volatility to long-term diversification—the directional trend suggests a shared expectation of continued financial instability. These evolving behaviors have contributed to an ecosystem where gold-related content now performs at record engagement levels across both news outlets and investment research platforms.

    Notably, the discourse is also expanding beyond bullion. Mining stocks, streaming firms, and gold-sector ETFs have re-emerged in public conversations due to their historical pattern of outperforming the underlying metal during bull cycles. This pattern, often tied to operational leverage and production scalability, is once again being evaluated by market analysts seeking exposure to gold-aligned opportunities without the logistical or storage limitations of physical assets.

    Additional insights into long-cycle gold behavior, macro trends, and equity exposure models are available through the Wealth Megatrends monthly publication, produced by Weiss Ratings.

    SECTION 4 – TECHNOLOGY SPOTLIGHT

    Within the broader conversation about gold’s long-term role in financial strategy, renewed interest is emerging in an adjacent category: publicly traded gold mining companies. Historically, these companies have moved directionally with the price of gold but have shown the potential for outsized volatility—both upward and downward—due to the inherent operating leverage tied to commodity prices.

    Mining equities represent businesses engaged in the extraction, production, and refinement of gold, often operating across geographically diverse sites. Their revenue models are influenced not only by prevailing spot prices but also by internal efficiencies, fixed operating costs, jurisdictional stability, and resource scalability. This makes them a subject of focused interest for market analysts seeking to interpret how rising gold prices might impact corporate financial performance within the sector.

    In previous gold bull markets—such as those seen in the 1970s, early 2000s, and post-2008—specific gold mining equities exhibited exponential price action relative to the metal itself. This pattern, commonly attributed to margin expansion, arises when rising gold prices exceed fixed production costs. While the price of gold may increase incrementally, the profitability of certain miners can shift more dramatically under favorable conditions, depending on operational factors such as grade, jurisdiction, and scale of output.

    Recent digital commentary also reflects growing awareness of gold mining sub-sectors, including royalty and streaming companies. These entities do not engage directly in mining but instead finance producers in exchange for a fixed share of production, often at below-market rates. As a result, they tend to operate with reduced overhead and exposure, while still participating in the broader gold cycle.

    SECTION 5 – USER JOURNEY NARRATIVE / MARKET RECEPTION

    Public conversation around gold has shifted dramatically in recent quarters, with online forums, financial publications, and independent research platforms documenting a growing reappraisal of gold’s long-term role in diversified strategies. Once considered a niche or defensive holding, gold is increasingly being positioned by investors as a foundational asset in the face of mounting systemic uncertainty.

    The transition in tone—from peripheral interest to mainstream reconsideration—has coincided with several economic flashpoints. These include the recalibration of central bank policies, persistent inflation indicators, and pronounced volatility in both equity and fixed-income markets. As global confidence in fiat stability continues to waver, discourse around asset preservation has taken on new urgency. In this environment, physical gold is commonly cited as a symbolic safeguard, while gold-linked equities are being explored for their cyclical performance dynamics.

    This renewed attention is not limited to physical asset holders. Retail investors who previously focused on conventional equities or index strategies are now engaging with educational content around gold mining companies, royalty models, and global production footprints. Meanwhile, institutional portfolios have been observed increasing their allocations to tangible asset categories, sometimes through passive vehicles that provide exposure to diversified gold equity baskets.

    Notably, this shift in tone is not driven solely by performance metrics but by a broader cultural narrative about financial resilience, global realignment, and the search for assets that exist outside centralized systems.

    Wealth Megatrends is a subscription-based research newsletter published monthly by Weiss Ratings. It provides economic cycle analysis for informational purposes only.

    SECTION 6 – AVAILABILITY AND TRANSPARENCY

    Readers seeking additional context on gold market cycles, equity sector dynamics, or commodity-aligned investment frameworks can find expanded analysis in the Wealth Megatrends publication. The platform is designed to offer economic research and independent forecasting centered around macroeconomic cycles, resource asset classes, and long-term portfolio theory.

    All materials are presented for informational purposes only and are developed using a combination of historical market analysis, third-party data synthesis, and independent evaluation of publicly available company performance metrics. No materials constitute financial advice or investment guidance. Instead, Wealth Megatrends content is intended to support educational exploration for individuals seeking to understand the structural drivers behind evolving market behavior.

    SECTION 7 – FINAL OBSERVATIONS & INDUSTRY CONTEXT

    The renewed momentum behind gold and gold-aligned equities reflects a broader shift in investor expectations across global markets. What began as a defensive reaction to short-term economic stressors has evolved into a long-term reassessment of value preservation frameworks and asset decentralization strategies. Within this environment, commodities such as gold and, by extension, mining sector exposure have re-emerged as central discussion points in the allocation strategies of both institutional and individual investors.

    The movement is not isolated to metals alone. It parallels a growing trend toward so-called “clean-label assets”—investments perceived as tangible, auditable, and less reliant on third-party counterparty risk. This shift mirrors consumer demand in other sectors, where transparency, operational integrity, and verifiable origin are increasingly prioritized over yield projections or promotional narratives.

    As global policy tools face scrutiny and traditional diversification models come under pressure, the precious metals space may continue to serve as both a barometer and a response mechanism to macroeconomic volatility.

    SECTION 8 – PUBLIC COMMENTARY THEME SUMMARY

    Public commentary surrounding the current gold cycle reflects a diverse mix of enthusiasm, skepticism, and inquiry. A recurring theme among bullish observers is the belief that structural global instability—encompassing monetary policy and geopolitical shifts—has triggered a renewed case for gold as a long-term asset.

    At the same time, some participants express concern over the potential for near-term overvaluation. A recurring discussion point involves the pace of recent gains and whether market enthusiasm may be outpacing underlying supply-demand fundamentals.

    Discussions across digital channels also reflect an evolving understanding of how gold-related equities behave differently from physical bullion. Some have noted that while gold mining stocks can amplify exposure to the metal’s price, they may also introduce operational, jurisdictional, or liquidity risks not present in the physical commodity itself.

    Another frequently cited theme involves the role of silver and other precious metals within the current narrative. Some market observers have expressed curiosity about whether these secondary metals will follow gold’s trajectory or establish differentiated cycles based on industrial demand and production forecasts.

    ABOUT THE COMPANY

    Founded to help investors navigate complex economic cycles, Wealth Megatrends is a monthly research publication that provides independent, data-driven analysis across precious metals, energy, and global resource sectors. Veteran cycles analyst Sean Brodrick leads the newsletter and is part of the Weiss Ratings ecosystem, a firm originally established in 1971 and known for its transparent approach to financial modeling and risk assessment.

    The publication does not provide investment advice, treatment, or diagnostic services and is intended strictly for educational and informational purposes.

    Contact:

    The MIL Network

  • MIL-Evening Report: 6 simple questions to tell if a ‘finfluencer’ is more flash than cash

    Source: The Conversation (Au and NZ) – By Dimitrios Salampasis, Associate Professor, Emerging Technologies and FinTech | FinTech Capability Lead, Swinburne University of Technology

    Oleg Golovnev/Shutterstock

    Images of flashy sports cars. Lavish lifestyle shots. These are just some of the red flags consumers should watch out for when they turn to social media for financial advice.

    Consumers should not believe everything they see on Instagram, TikTok or YouTube from the growing numbers of “finfluencers” – content creators who build their audience by giving out financial advice.

    The regulator responsible for financial products and advice, the Australian Securities and Investments Commission (ASIC), has issued warning notices to 18 social media finfluencers. ASIC said it suspects they have broken the law by promoting high-risk financial products or providing unlicensed financial advice. ASIC did not name them.

    So, why is regulated financial advice important and what are some of the common practices finfluencers use to attract followers and customers?

    Financial advice rules explained

    Australian Financial Services laws are designed to protect consumers and investors, while promoting the integrity of financial markets. It is both unethical and illegal to promote financial products without proper authorisation.

    In Australia, it is an offence under the Corporations Act to provide financial advice without an Australian Financial Services licence. Penalties include up to five years’ imprisonment or fines of A$1 million or more.

    ASIC issued a similar warning to online finfluencers in 2022. Since then, the number of social media posts by unauthorised finfluencers have substantially reduced.

    Many finfluencers became licensed or authorised representatives of a licensee, along with being more diligent about what they were posting online. Natasha Etschmann, with 300,000 Instagram and TikTok followers at @TashInvests, became licensed immediately after the 2022 warning.

    Some other finfluencers were arrested, issued fines or ordered to take down their websites.

    High-risk products

    However, some finfluencers who style themselves as “trading experts” continue to provide unauthorised financial advice, usually for a fee or commission. They promote high-risk, complex investment products that can cause consumers substantial harm.

    These products include contracts-for-difference
    and over-the-counter derivative products that do not trade on an exchange. ASIC says its current concerns lie with these content creators:

    Their social media content is often accompanied by misleading or deceptive representations about the prospects of success from the products or trading strategies they promote, sharing images of lavish lifestyles, sports cars and other luxury goods.

    What to watch on socials

    About 41% of young Australians aged 18 to 30 look online for financial information or advice.

    While budgeting tips can be helpful, it’s important to be extra careful with online financial advice. Consumers should not believe everything they see on social media.

    Conducting due diligence and checking finfluencers’ credentials on ASIC’s Professional Registers search tool is crucial. Choose expert and licensed finfluencers rather than accounts with large followings and exaggerated or misleading claims. Popularity does not always mean credibility.

    There are certain red flags to watch out for. Some finfluencers use pseudonyms. They promote “exclusive” financial advice content and access to “invitation-only” online communities for a fee. In many cases, they lack credible experience or certified financial planning training to provide financial advice.

    Your finfluencer vetting toolkit

    When choosing to follow or acquire the services of a finfluencer, ask:

    1. is this finfluencer licensed or authorised?

    2. how realistic are the promised financial outcomes? Are they too good to be true?

    3. does the finfluencer disclose their personal financial position or investments when discussing financial products or strategies?

    4. are they transparent about? their track record of accuracy or accountability?

    5. do they address publicly a case when their audience lost money from a strategy they recommended?

    6. does the finfluencer tailor content to different investment risk profiles or financial maturity levels in their audiences?

    Are you being sold a dream?

    Social media finfluencer content can often come with misleading or deceptive representations (such as the sports cars and luxury goods that ASIC has warned about). Content may overstate the prospects of success and potential profits.

    Some – usually unlicensed – finfluencers use social media content as “proof” of their financial expertise. One common practice is to try to lure consumers by creating a hyped world around their own personal lifestyle. Many finfluencers often extend invitations to consumers to join closed forums to “learn” their hidden secrets to success or copy their “famous” trading practices.

    These finfluencers usually try to convince consumers they can achieve a similar lifestyle by following their advice.

    Finfluencers are global

    ASIC issued the warnings as part of a recent global week of action. ASIC and eight regulators from the United Kingdom, United Arab Emirates, Italy, Hong Kong and Canada took coordinated action to disrupt unlawful finfluencer activity.
    The global campaign aims to raise awareness about unlawful finfluencer activity, protect consumers, and prevent them from investing after encountering misleading content.

    Consumers need to distinguish between credible financial advice and self-serving or misleading content before trusting their money to anyone.

    Spotted unlicensed influencer activity? Report this misconduct to ASIC.

    Dimitrios Salampasis is a Fellow of the Financial Services Institute of Australasia (FINSIA), member of the Australian Institute of Company Directors (AICD) and member of the Singapore Institute of Directors (SID).

    ref. 6 simple questions to tell if a ‘finfluencer’ is more flash than cash – https://theconversation.com/6-simple-questions-to-tell-if-a-finfluencer-is-more-flash-than-cash-259906

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: 6 simple questions to tell if a ‘finfluencer’ is more flash than cash

    Source: The Conversation (Au and NZ) – By Dimitrios Salampasis, Associate Professor, Emerging Technologies and FinTech | FinTech Capability Lead, Swinburne University of Technology

    Oleg Golovnev/Shutterstock

    Images of flashy sports cars. Lavish lifestyle shots. These are just some of the red flags consumers should watch out for when they turn to social media for financial advice.

    Consumers should not believe everything they see on Instagram, TikTok or YouTube from the growing numbers of “finfluencers” – content creators who build their audience by giving out financial advice.

    The regulator responsible for financial products and advice, the Australian Securities and Investments Commission (ASIC), has issued warning notices to 18 social media finfluencers. ASIC said it suspects they have broken the law by promoting high-risk financial products or providing unlicensed financial advice. ASIC did not name them.

    So, why is regulated financial advice important and what are some of the common practices finfluencers use to attract followers and customers?

    Financial advice rules explained

    Australian Financial Services laws are designed to protect consumers and investors, while promoting the integrity of financial markets. It is both unethical and illegal to promote financial products without proper authorisation.

    In Australia, it is an offence under the Corporations Act to provide financial advice without an Australian Financial Services licence. Penalties include up to five years’ imprisonment or fines of A$1 million or more.

    ASIC issued a similar warning to online finfluencers in 2022. Since then, the number of social media posts by unauthorised finfluencers have substantially reduced.

    Many finfluencers became licensed or authorised representatives of a licensee, along with being more diligent about what they were posting online. Natasha Etschmann, with 300,000 Instagram and TikTok followers at @TashInvests, became licensed immediately after the 2022 warning.

    Some other finfluencers were arrested, issued fines or ordered to take down their websites.

    High-risk products

    However, some finfluencers who style themselves as “trading experts” continue to provide unauthorised financial advice, usually for a fee or commission. They promote high-risk, complex investment products that can cause consumers substantial harm.

    These products include contracts-for-difference
    and over-the-counter derivative products that do not trade on an exchange. ASIC says its current concerns lie with these content creators:

    Their social media content is often accompanied by misleading or deceptive representations about the prospects of success from the products or trading strategies they promote, sharing images of lavish lifestyles, sports cars and other luxury goods.

    What to watch on socials

    About 41% of young Australians aged 18 to 30 look online for financial information or advice.

    While budgeting tips can be helpful, it’s important to be extra careful with online financial advice. Consumers should not believe everything they see on social media.

    Conducting due diligence and checking finfluencers’ credentials on ASIC’s Professional Registers search tool is crucial. Choose expert and licensed finfluencers rather than accounts with large followings and exaggerated or misleading claims. Popularity does not always mean credibility.

    There are certain red flags to watch out for. Some finfluencers use pseudonyms. They promote “exclusive” financial advice content and access to “invitation-only” online communities for a fee. In many cases, they lack credible experience or certified financial planning training to provide financial advice.

    Your finfluencer vetting toolkit

    When choosing to follow or acquire the services of a finfluencer, ask:

    1. is this finfluencer licensed or authorised?

    2. how realistic are the promised financial outcomes? Are they too good to be true?

    3. does the finfluencer disclose their personal financial position or investments when discussing financial products or strategies?

    4. are they transparent about? their track record of accuracy or accountability?

    5. do they address publicly a case when their audience lost money from a strategy they recommended?

    6. does the finfluencer tailor content to different investment risk profiles or financial maturity levels in their audiences?

    Are you being sold a dream?

    Social media finfluencer content can often come with misleading or deceptive representations (such as the sports cars and luxury goods that ASIC has warned about). Content may overstate the prospects of success and potential profits.

    Some – usually unlicensed – finfluencers use social media content as “proof” of their financial expertise. One common practice is to try to lure consumers by creating a hyped world around their own personal lifestyle. Many finfluencers often extend invitations to consumers to join closed forums to “learn” their hidden secrets to success or copy their “famous” trading practices.

    These finfluencers usually try to convince consumers they can achieve a similar lifestyle by following their advice.

    Finfluencers are global

    ASIC issued the warnings as part of a recent global week of action. ASIC and eight regulators from the United Kingdom, United Arab Emirates, Italy, Hong Kong and Canada took coordinated action to disrupt unlawful finfluencer activity.
    The global campaign aims to raise awareness about unlawful finfluencer activity, protect consumers, and prevent them from investing after encountering misleading content.

    Consumers need to distinguish between credible financial advice and self-serving or misleading content before trusting their money to anyone.

    Spotted unlicensed influencer activity? Report this misconduct to ASIC.

    Dimitrios Salampasis is a Fellow of the Financial Services Institute of Australasia (FINSIA), member of the Australian Institute of Company Directors (AICD) and member of the Singapore Institute of Directors (SID).

    ref. 6 simple questions to tell if a ‘finfluencer’ is more flash than cash – https://theconversation.com/6-simple-questions-to-tell-if-a-finfluencer-is-more-flash-than-cash-259906

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: NZ will soon have no real interisland rail-ferry link – why are we so bad at infrastructure planning?

    Source: The Conversation (Au and NZ) – By Timothy Welch, Senior Lecturer in Urban Planning, University of Auckland, Waipapa Taumata Rau

    Hagen Hopkins/Getty Images)

    Another week, another Cook Strait ferry breakdown. As the winter maintenance season approaches and the Aratere prepares for its final months of service, New Zealand faces a self-imposed crisis.

    The government has spent NZ$507.3 million on cancelled iReX ferry plans, the country’s fleet has an average age of 28 years, and the earliest New Zealanders can hope for promised replacements is 2029.

    The Marlborough Chamber of Commerce warns unreliable ferries already shake tourist confidence. Several more years of duct-tape solutions won’t help.

    The recent pattern of breakdowns and cancellations has become so routine that New Zealand risks normalising what should be viewed as a national crisis: a serious infrastructure failure.

    It is also a textbook example of how short-term political cycles, coupled with chronic under-investment, create far more expensive problems than the ones they promise to solve.

    Cost blowouts

    While ministers claim to have spared taxpayers a $4 billion blowout on new ferries, Treasury papers show almost 80% of the cost escalation lay in seismic upgrades for wharves, not in the vessels themselves. Those land-side works will be required no matter what ferries the country eventually orders.

    Justifying the original contract cancellation, Finance Minister Nicola Willis quipped that iReX was a Ferrari when a Toyota Corolla would do. But the cost of finding a suitable Corolla is adding up fast.

    Annual maintenance costs are projected to nearly double to $65 million, just to keep the existing ageing ferries running. Additionally, $300 million had to be earmarked to cover fees for breaking the original ferry replacement contract.

    By retiring the Aratere this year – New Zealand’s only rail-capable ferry – the government is also severing the interisland rail link for almost five years.

    KiwiRail will “road-bridge” rail freight, an expensive workaround that involves loading train cars onto trucks, putting those trucks on ferries, then reversing the process at the other end. This will increase truck traffic, produce more emissions and add more wear to already strained infrastructure.

    Forcing more than $14 billion worth of annual freight from rail to road could also negatively affect New Zealand’s climate change commitments. Freight moved by rail generates only about 25% of the CO₂ per tonne-kilometre of the same load produced when hauled by truck.

    The cancelled hybrid ferries would have also cut emissions by 40%. Instead, New Zealand is locking in higher emissions for another half decade or longer.

    Unrealistic timelines

    The ferry saga reflects New Zealand’s infrastructure problem in a nutshell. The country tends to underestimate costs, create unfeasible timelines, then shows dismay when projects blow up or limp home at double the price.

    Auckland exemplifies the pattern. The city has seen decades of cancelled harbour crossing proposals and a scrapped light rail project, with nothing to show but consultancy fees.

    When New Zealand does build –Transmission Gully, for example – the final bill bears little resemblance to initial quotes. The 27 kilometre motorway north of Wellington was nearly 50% over budget and took eight years to build – two years longer than promised.

    The systematic underestimation of costs reflects a flawed approach to infrastructure planning. Politicians need quick wins within three-year electoral cycles, while infrastructure projects take decades to deliver.

    Projects are approved based on lowball estimates, with the outcome inherited by another administration. This has crossed party lines and created a system that rewards short-term thinking and punishes long-term planning.

    Just consider the second crossing for Auckland Harbour. For 35 years, the government has commissioned study after study – from the 1988 tunnel plans to the 2010 business cases – each time backing away when the price tag appeared, or the government changed.

    The iReX cancellation marks the first time the government has actually signed contracts and then walked away. As with the second Auckland Harbour crossing, each delay has only made the inevitable solution more expensive.

    Other countries have, to a degree, addressed this problem. Infrastructure Australia, for example, provides independent cost assessments and long-term planning that transcends political cycles. New Zealand’s Infrastructure Commission, established in 2019, lacks similar teeth and independence.

    Ultimately this isn’t really about ferries. It’s about how New Zealand consistently fails to deliver, on time and at cost, the infrastructure that keeps its economy moving.

    Timothy Welch 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. NZ will soon have no real interisland rail-ferry link – why are we so bad at infrastructure planning? – https://theconversation.com/nz-will-soon-have-no-real-interisland-rail-ferry-link-why-are-we-so-bad-at-infrastructure-planning-260279

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: NZ will soon have no real interisland rail-ferry link – why are we so bad at infrastructure planning?

    Source: The Conversation (Au and NZ) – By Timothy Welch, Senior Lecturer in Urban Planning, University of Auckland, Waipapa Taumata Rau

    Hagen Hopkins/Getty Images)

    Another week, another Cook Strait ferry breakdown. As the winter maintenance season approaches and the Aratere prepares for its final months of service, New Zealand faces a self-imposed crisis.

    The government has spent NZ$507.3 million on cancelled iReX ferry plans, the country’s fleet has an average age of 28 years, and the earliest New Zealanders can hope for promised replacements is 2029.

    The Marlborough Chamber of Commerce warns unreliable ferries already shake tourist confidence. Several more years of duct-tape solutions won’t help.

    The recent pattern of breakdowns and cancellations has become so routine that New Zealand risks normalising what should be viewed as a national crisis: a serious infrastructure failure.

    It is also a textbook example of how short-term political cycles, coupled with chronic under-investment, create far more expensive problems than the ones they promise to solve.

    Cost blowouts

    While ministers claim to have spared taxpayers a $4 billion blowout on new ferries, Treasury papers show almost 80% of the cost escalation lay in seismic upgrades for wharves, not in the vessels themselves. Those land-side works will be required no matter what ferries the country eventually orders.

    Justifying the original contract cancellation, Finance Minister Nicola Willis quipped that iReX was a Ferrari when a Toyota Corolla would do. But the cost of finding a suitable Corolla is adding up fast.

    Annual maintenance costs are projected to nearly double to $65 million, just to keep the existing ageing ferries running. Additionally, $300 million had to be earmarked to cover fees for breaking the original ferry replacement contract.

    By retiring the Aratere this year – New Zealand’s only rail-capable ferry – the government is also severing the interisland rail link for almost five years.

    KiwiRail will “road-bridge” rail freight, an expensive workaround that involves loading train cars onto trucks, putting those trucks on ferries, then reversing the process at the other end. This will increase truck traffic, produce more emissions and add more wear to already strained infrastructure.

    Forcing more than $14 billion worth of annual freight from rail to road could also negatively affect New Zealand’s climate change commitments. Freight moved by rail generates only about 25% of the CO₂ per tonne-kilometre of the same load produced when hauled by truck.

    The cancelled hybrid ferries would have also cut emissions by 40%. Instead, New Zealand is locking in higher emissions for another half decade or longer.

    Unrealistic timelines

    The ferry saga reflects New Zealand’s infrastructure problem in a nutshell. The country tends to underestimate costs, create unfeasible timelines, then shows dismay when projects blow up or limp home at double the price.

    Auckland exemplifies the pattern. The city has seen decades of cancelled harbour crossing proposals and a scrapped light rail project, with nothing to show but consultancy fees.

    When New Zealand does build –Transmission Gully, for example – the final bill bears little resemblance to initial quotes. The 27 kilometre motorway north of Wellington was nearly 50% over budget and took eight years to build – two years longer than promised.

    The systematic underestimation of costs reflects a flawed approach to infrastructure planning. Politicians need quick wins within three-year electoral cycles, while infrastructure projects take decades to deliver.

    Projects are approved based on lowball estimates, with the outcome inherited by another administration. This has crossed party lines and created a system that rewards short-term thinking and punishes long-term planning.

    Just consider the second crossing for Auckland Harbour. For 35 years, the government has commissioned study after study – from the 1988 tunnel plans to the 2010 business cases – each time backing away when the price tag appeared, or the government changed.

    The iReX cancellation marks the first time the government has actually signed contracts and then walked away. As with the second Auckland Harbour crossing, each delay has only made the inevitable solution more expensive.

    Other countries have, to a degree, addressed this problem. Infrastructure Australia, for example, provides independent cost assessments and long-term planning that transcends political cycles. New Zealand’s Infrastructure Commission, established in 2019, lacks similar teeth and independence.

    Ultimately this isn’t really about ferries. It’s about how New Zealand consistently fails to deliver, on time and at cost, the infrastructure that keeps its economy moving.

    Timothy Welch 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. NZ will soon have no real interisland rail-ferry link – why are we so bad at infrastructure planning? – https://theconversation.com/nz-will-soon-have-no-real-interisland-rail-ferry-link-why-are-we-so-bad-at-infrastructure-planning-260279

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Video: Gaza , Palestine, Lebanon & other topics – Daily Press Briefing (3 July 2025) | United Nations

    Source: United Nations (video statements)

    Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:
    Secretary-General/Trip Announcement
    Deputy Secretary-General
    Gaza 
    Occupied Palestinian Territory
    Lebanon
    Cyprus
    Ukraine
    Russia
    Senior Personnel Appointment  
    Yemen
    Global Risk Report
    International Days
    Financial Contribution

    SECRETARY-GENERAL/TRIP ANNOUNCEMENT
    The Secretary-General will be arriving in Rio de Janeiro, Brazil, to attend the 17th Summit of the BRICS countries.
    The Secretary-General has been invited to speak at an outreach session on “Strengthening multilateralism, economic-financial affairs and artificial intelligence”, that will take place on Sunday, 6 July. On Monday, 7 July, he will address a second outreach session, on “Environment, COP30 and global health.”
    During his visit, the Secretary-General will also be having meetings with various leaders who are attending the BRICS Summit and we will share those readouts with you.

    DEPUTY SECRETARY-GENERAL
    Our Deputy Secretary-General, Amina Mohammed, returned to Seville today for the closing of the Fourth International Conference on Financing for Development (FFD4).
    At the closing with Prime Minister Pedro Sanchez of Spain, she underscored the consensus around the Seville Agreement as a demonstration of multilateralism in action — with actions to close the SDG financing gap, address the debt crisis, and reform the international financial architecture. She recognized the more than 100 initiatives launched on the Sevilla Platform for Action, including solidarity levies on private jets and first-class travel to generate new resources for sustainable development.
    She said that the UN will be operationalizing a Seville Forum on Debt to help countries learn from one another and coordinate their approaches in debt management and restructuring; that forum will be supported by Spain.
    She called for FFD4 to be remembered not only as a conference that responded to crisis, but as the moment the world chose cooperation over fragmentation, unity over division, and action over inertia.
    Tomorrow, she will travel to Praia, Cabo Verde, to take part in celebrations marking the 50th anniversary of the country’s independence.

    GAZA 
    The Secretary-General is appalled by the deepening humanitarian crisis in Gaza. Multiple attacks in recent days hitting sites hosting displaced people and people trying to access food have killed and injured scores of Palestinians. The Secretary-General strongly condemns the civilian loss of life. 
    In just one day this week, Israeli orders to relocate forced nearly 30,000 people to flee, yet again, with no safe place to go and clearly inadequate supplies of shelter, food, medicine or water.
    International humanitarian law is unambiguous: civilians must be respected and protected, and the needs of the population must be met.
    With no fuel having entered Gaza in more than 17 weeks, the Secretary-General is gravely concerned that the last lifelines for survival are being cut off. Without an urgent influx of fuel, incubators will shut down, ambulances will be unable to reach the injured and sick, and water cannot be purified. The delivery by the United Nations and partners of what little of our lifesaving humanitarian aid is left in Gaza will also grind to a halt. 
    He once again calls for full, safe and sustained humanitarian access so aid can reach people who have been deprived of the basics of life for far too long. The UN has a clear and proven plan, rooted in the humanitarian principles, to get vital assistance to civilians – safely and at scale, wherever they are. 
    The Secretary-General reiterates that all parties must uphold their obligations under international law. He renews his call for an immediate permanent ceasefire and for the immediate and unconditional release of all hostages held by Hamas and other groups. 

    Full Highlights:
    https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=03%20July%202025

    https://www.youtube.com/watch?v=9CJL7IZOkzs

    MIL OSI Video

  • MIL-OSI Africa: Nigerian business leverage African Continental Free Trade Area (AfCFTA) to grow the country’s intra-African trade opportunities

    Source: APO – Report:

    Nigeria is working towards fast-tracking implementation of the African Continental Free Trade Area (AfCFTA) to unlock opportunities for businesses in the country across the continent.

    Nigeria’s Minister of the Federal Ministry of Industry, Trade and Investment, Hon. Jumoke Oduwole noted that intra-African trade has been improving.

    “Intra African trade exports grew by over 13% from last year supported by new trade corridors and the initial success of AfCFTA’s guideline initiatives. Nigerian businesses are already key participants, exporting, ceramics, garments, pharmaceuticals and agro products across the continent,” Hon. Jumoke said in a keynote address to government officials, the Nigerian trade community, business leaders and investors attending the Nigeria IATF2025 Business Roadshow.

    “As we talk about expanding and unlocking new trade markets, we must recognize the creative economy as a serious trade frontier. Platforms such as Creative Africa Nexus (CANEX) led by Afreximbank are proving that African culture is bankable not just beautiful.” She added.

    The event that was attended by over 700 people focused on promoting intra-African trade under the theme: ‘Harnessing Regional and Continental Value Chains: Accelerating Africa’s Industrialisation and Global Competitiveness through AfCFTA.’

    The Nigeria IATF2025 roadshow is one of the five in a series of five high-level events in key cities including Nairobi, Accra, Johannesburg, and Algiers ahead of the fourth edition of the biennial Intra-African Trade Fair (IATF) that will be held in Algiers, Algeria from 4 – 10 September 2025 under the theme ‘Gateway to New Opportunities’. IATF is Africa’s premier trade and investment event that serves as a crucial platform for fostering economic growth, collaboration, and innovation across the continent.

    Addressing the forum, Executive Director/CEO of the Nigerian Export Promotion Council (NEPC), Nonye Ayeni noted that IATF offers an unparalleled platform for the exchange of trade and investment information and is Africa’s marketplace of ideas, opportunities, and partnerships.

    “With frameworks like AFCFTA and platforms like IATF we now have the tools to bridge the trade gap, boost Intra African trade and tremendously grow our economies in a sustainable and inclusive way. We need to build structured, sustainable and competitive value chains that can power inclusive growth both here in Nigeria and across the continent in Africa. We know that AfCFTA promises to be the largest single market in the world, connecting 1.3 billion people across 54 countries in Africa,” Ms Ayeni said.

    Building on this, Executive Vice President, Intra-African Trade and Export Development at Afreximbank, Mrs. Kanayo Awani highlighted the tangible results borne out of the trade fair across the continent and in Nigeria specifically.

    “In just three editions, IATF has achieved what once felt aspirational: over $100 billion in trade and investment deals, more than 70,000 participants, and 4,500+ exhibitors from across 130 countries. This is not just a conference, it is Africa’s trade engine, designed to connect our producers, unlock demand, and operationalise the promise of the AfCFTA. And in every edition—whether in Cairo, Durban, or beyond, Nigeria has not just participated. Nigeria has led. At IATF2023 alone, Nigerian enterprises generated over $11 billion in signed deals, the highest of any country,” Mrs Awani added.

    IATF is a platform for boosting trade and investment in Africa. The last edition held in Cairo attracted nearly 2,000 exhibitors from 65 countries and generated US$43.7 billion in trade and investment deals.

    Some of the activities lined up for the week-long IATF2025 include a trade exhibition by countries and businesses; the CANEX programme with a dedicated exhibition and summit on fashion, music, film, arts and craft, sports, literature, gastronomy and culinary arts; a four-day Trade and Investment Forum featuring leading African and international speakers; and the Africa Automotive Show for auto manufacturers, assemblers, original equipment manufacturers and component suppliers.

    Special Days will also be held at IATF2025, dedicated for countries as well as public and private entities to showcase trade and investment opportunities, and tourism and cultural attractions, as well as Global Africa Day to highlight commercial and cultural ties between Africa and its diaspora, featuring a Diaspora Summit, market and exhibition, cultural and gastronomic showcase.

    Also planned is a business-to-business (B2B) and business-to-government (B2G) platform for matchmaking and business exchanges; the AU Youth Start-Up programme showcasing innovative ideas and prototypes; the Africa Research and Innovation Hub @ IATF targeting university students, academia and national researchers to exhibit their innovations and research projects; the Trade Exhibition offering large corporations and SME’s the opportunities to showcase their goods and services, the Trade and Investment Forum, a four day conference featuring sessions and training discussing trade opportunities and barriers.

    Others include the Creative Africa Nexus (CANEX), a showcase of African and Diaspora creative talent, the Special Days segment offering countries, private and public sectors the opportunity to sponsor their special event on specific days, the Africa Automotive show, a platform for auto manufacturers to exhibit their products and interact with potential buyers, IATF Virtual, an interactive online platform that will continue after the live event is over, Diaspora Day highlighting the commercial and cultural ties between Africa and its diaspora and the African Sub-Sovereign Governments Network (AfSNET) to promote trade, investment, educational and cultural exchanges at the local level. The IATF Virtual platform is already live, connecting exhibitors and visitors throughout the year.

    To participate in IATF2025 please visit www.IntrAfricanTradeFair.com.

    – on behalf of Afreximbank.

    Media contact:
    media@intrafricatradefair.com 
    press@afreximbank.com

    About the Intra-African Trade Fair:

    Organised by African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, the Intra-African Trade Fair (IATF) is intended to provide a unique platform for facilitating trade and investment information exchange in support of increased intra-African trade and investment, especially in the context of implementing the African Continental Free Trade Agreement (AfCFTA). IATF brings together continental and global players to showcase and exhibit their goods and services and to explore business and investment opportunities in the continent. It also provides a platform to share trade, investment and market information with stakeholders and allows participants to discuss and identify solutions to the challenges confronting intra-African trade and investment. In addition to African participants, the Trade Fair is also open to businesses and investors from non-African countries interested in doing business in Africa and in supporting the continent’s transformation through industrialisation and export development.

    Media files

    .

    MIL OSI Africa

  • MIL-OSI Canada: Backgrounder: Federal and territorial governments invest in expansion to transit fleet in Whitehorse

    Source: Government of Canada News

    Backgrounder

    The federal government is investing $5,894,443 through the Public Transit Infrastructure Stream of the Investing in Canada Infrastructure Program to support three public transit projects in Whitehorse, Yukon.

    Project Information:

    Location

    Project Name

    Project Details

    Federal Funding

    Territorial Funding

    Municipality of Whitehorse

    Whitehorse Transit: Additional Transit Buses 2024

    This 2024 project involves the addition of two 40-foot fully accessible buses to the City’s existing fleet to complement the reserve fleet and meet the needs of a growing city with expanding transit service. The reserve fleet serves multiple functions, such as vehicle substitution during regular maintenance, emergency situations such as accidents or unexpected breakdowns, driver training and the flexibility to modify transit service provided on relatively short notice. Additional buses will maintain the capacity of the public transit infrastructure by ensuring service levels are maintained, providing flexibility to modify and modernize routes and ensuring routine and unexpected maintenance can be accommodated to maximize the service life of the fleet. The City of Whitehorse’s Transit Services fleet currently consists of 15 low-floor, fully accessible 40-foot buses. The age of the fleet ranges from 2008 to the most recent buses acquired in 2023.

    $1,125,000

    $375,000

    Municipality of Whitehorse

    Whitehorse Transit: Additional Transit Buses 2025

    This 2025 project supplements the 2024 project and involves the addition of three 40-foot fully accessible buses to the City of Whitehorse’s existing fleet to complement the reserve fleet.

    $1,687,000

    $563,000

    Municipality of Whitehorse

    Whitehorse Transit: Additional Transit Buses 2026 and 2027

    The City of Whitehorse will acquire five 40-foot, fully accessible buses in 2026 and 2027. Three new buses will be added in 2026 to improve service during peak transit hours, enabling the system to better meet high demand by increasing frequency and reliability. Route coverage will also be expanded to ensure consistent and timely service during busy transit periods. The two buses planned for 2026 or 2027 will replace existing units that are nearing end of life, which will ensure fleet reliability and continued service quality as the City and ridership grows.

    $3,082,443

    $1,027,481

    MIL OSI Canada News

  • MIL-OSI: Safe Money Report Releases 2025 Strategic Update on Wealth Protection Amid the Age of Chaos

    Source: GlobeNewswire (MIL-OSI)

    Miami, July 03, 2025 (GLOBE NEWSWIRE) —

    SECTION 1 – Introduction

    The global investment landscape is undergoing a historic shift, creating an urgent need for action. Amid inflationary pressures, geopolitical disruption, and conflicting signals from financial markets, individual investors are facing mounting uncertainty. In what financial analyst Martin Weiss terms the “Age of Chaos,” the traditional rules of investing are being challenged by rapid technological change, shifting fiscal policies, and evolving global alliances.

    Recent market anomalies underscore this volatility. Breakout earnings reports from leading tech firms have been met with unexpected stock declines. Gold prices are climbing even as investor sentiment wavers. Meanwhile, the U.S. dollar, which has been an extended global stabilizer, is facing pressure from currency realignment and prolonged fiscal imbalances. These conditions have raised urgent questions about how to preserve capital in a climate where risk is no longer easily defined.

    Online search behavior reflects the public’s growing concern. Queries related to “wealth protection,” “safe investments 2025,” and “inflation hedge strategies” have surged in recent months. Investors are actively seeking data-backed, non-promotional insights that go beyond market speculation. They are asking not just whether to buy or sell, but how to realign long-term strategies to weather sustained volatility.

    Against this backdrop, Safe Money Report has issued a 2025 update anchored in historical precedent, analytics-driven methodologies, and principles of liquidity and independence. The practicality of this update, designed to provide a reassuring reference point for investors seeking clarity in an era marked by unpredictability, instills confidence in their investment decisions.

    Further details are available through Weiss Ratings’ official publications.

    SECTION 2 – Company/Product Announcement

    In response to a wave of economic disruption and growing investor uncertainty, Safe Money Report has released a 2025 update outlining its strategic six-step framework for navigating what it terms the “Age of Chaos.” The announcement, developed by financial analyst Martin Weiss and backed by over five decades of market observation, builds on Weiss Ratings’ independent, data-driven model for assessing asset stability across multiple sectors, ensuring the objectivity and security of the analysis.

    The six-part strategy addresses key areas of concern voiced in public discourse and reflected in market behavior, including asset liquidity, portfolio exposure, inflation hedging, digital currency volatility, and the future role of alternative asset classes, such as farmland. Each step is designed to provide a comprehensive approach to wealth protection, emphasizing flexible, research-backed principles that investors can consider when evaluating current holdings or future positions.

    Central to the 2025 release is Weiss Ratings’ algorithmic model — a platform that draws on over 100 years of financial data, tens of thousands of data points per security, and a proprietary ratings system designed to function without external influence. This model, which has historically identified key turning points such as the 2008 financial crisis and the dot-com collapse, provides a non-emotional analytical foundation during periods of extreme volatility, making it a reliable tool for investors.

    According to the update, the new economic environment demands adaptability. The Weiss framework encourages investors to consider criteria such as daily trading volume, institutional-grade liquidity thresholds, and historical resilience under inflationary conditions. For instance, by analyzing the daily trading volume of a stock, investors can gauge its market liquidity and potential for quick sale. The six-step approach, informed by both traditional economic indicators and emerging signals from non-traditional sectors, is intended to serve as an informational resource for those seeking to safeguard long-term wealth in an unstable market.

    While the Safe Money Report refrains from offering personalized investment advice, its publication highlights a growing demand for independent analysis untethered from mainstream market narratives. In 2025, this release marks a structured effort to equip investors with data-driven perspectives, historical context, and systematized risk awareness, tailored to an era where market conditions remain in constant flux.

    SECTION 3 – Trend Analysis / Consumer Interest Overview

    Across public forums, financial news outlets, and digital search trends, one theme dominates the investor landscape in 2025: uncertainty. Search engine data indicates a growing interest in phrases such as “how to protect retirement from inflation,” “market chaos strategy,” and “safe asset classes.” Investors are actively seeking guidance that does not rely on speculative commentary or unverified opinions, but rather on grounded historical analysis and algorithmic insights.

    The term “Age of Chaos,” now gaining visibility among financial audiences, encapsulates this emerging outlook. Rather than focusing solely on individual asset classes or geopolitical events, it suggests a broader, systemic volatility — one marked by unpredictable policy shifts, economic fragmentation, and compressed investment cycles. In this context, traditional long-term assumptions about market recovery and asset correlation are increasingly being questioned.

    The Safe Money Report identifies this shift not as a short-term anomaly but as a structural transformation in how risk is perceived. Evidence from past crises, including the 2008 banking collapse and the 2000–2003 tech correction, supports the premise that periods of instability are often accompanied by brief rallies, followed by deeper contractions. Today’s landscape — with its rising gold prices, fluctuating technology stock valuations, and increasing attention to digital assets — is exhibiting similar characteristics.

    In response, public commentary has begun to focus more on portfolio positioning strategies that account for non-linear risks. Liquidity has become a key topic of discussion. Investors are increasingly skeptical of hard-to-exit assets or overly complex instruments, and instead are seeking investments that are simple to understand, transparent in structure, and easily adjusted.

    The current environment has also sparked a broader reevaluation of what constitutes “safe” investment behavior. As interest in central bank policy, dollar stability, and alternative currencies grows, so too does demand for analytical tools that can decode macroeconomic volatility without bias. This is where platforms like Weiss Ratings, which avoid promotional partnerships or external incentives, are seeing increased engagement. Rather than promise outcomes, these tools aim to provide frameworks for understanding the evolving nature of economic risk and market fragility.

    The full research update is accessible via Weiss Ratings’ publicly released materials.

    SECTION 4 – Spotlight on Strategic Components: Six Data-Driven Focus Areas

    The Safe Money Report 2025 framework is built on six primary focus areas that reflect long-standing economic signals and current shifts in asset behavior. Each has been selected not as a prediction vehicle, but as a lens through which to assess investment resilience amid ongoing volatility.

    1. Liquidity and Flexibility Screening

    At the foundation of the report’s framework is the principle of asset liquidity. Investments that can be easily entered or exited are central to maintaining financial agility in uncertain markets. Metrics such as average daily trading volume and minimum market capitalization thresholds are used as filters — not guarantees — to evaluate accessibility under rapidly changing conditions.

    2. Risk-Based Stock Ratings

    The Weiss Ratings model evaluates thousands of publicly traded companies against a range of stability and performance indicators. Stocks with consistently low ratings have been highlighted in recent communications as potentially vulnerable during periods of macroeconomic strain. These assessments are driven entirely by data inputs and proprietary scoring algorithms, without promotional intent.

    3. Historical Inflation Hedges: Gold

    Gold’s historical role as a hedge against currency devaluation and inflation has positioned it as a recurring area of interest in times of fiscal pressure. The report outlines this trend in neutral terms, citing past monetary shifts, such as the end of the gold standard in 1971, and their correlation with gold’s upward movement, without speculating on future pricing or returns.

    4. Market Signal Volatility and Emerging Asset Modeling

    As part of its broader modeling approach, Weiss Ratings includes observational data sets related to non-traditional asset classes, particularly those exhibiting high volatility cycles and inconsistent correlation with legacy financial indices. These asset categories, while not universally defined or adopted across institutions, have gained visibility in academic and research environments due to their periodic divergence from traditional investment patterns.

    The Safe Money Report includes this segment solely to acknowledge the role of high-variance instruments within volatility forecasting models. No investment recommendations or endorsements are provided. All data references are based on cyclical trends and historical behavior patterns without forward-looking claims or speculative commentary.

    5. Farmland and Alternative Real Estate

    Global agricultural land, particularly regions with low natural disaster risk and high food production capacity, is discussed as a long-term value store. Rather than promoting real estate purchases, the update highlights macroeconomic data suggesting increasing institutional interest in land-based assets during trade disruptions or currency weakness.

    6. Data-Guided Diversification Principles

    The sixth focus area emphasizes neutrality and independence in asset selection. Rather than relying on prevailing narratives or media sentiment, the report advocates for a systematic approach to evaluating diversification strategies through unbiased, long-term data modeling.

    These six pillars are not presented as guarantees or recommendations, but rather as analytical categories shaped by historical precedent and current volatility. Their inclusion reflects Safe Money Report’s effort to provide investors with structured context in the absence of certainty.

    SECTION 5 – Public Interest and Market Tone

    Recent shifts in online investor communities indicate a growing interest in frameworks that prioritize objectivity over speculation. While social media and financial forums remain saturated with short-term forecasts and high-frequency commentary, a parallel conversation has emerged: one centered on navigating prolonged uncertainty with data-first tools and historically grounded insights.

    Within this context, Safe Money Report has seen renewed interest from readers seeking clarity in what many now label an “unreadable” or “irrational” market. The term “Age of Chaos” itself has become a focal point in these discussions — a metaphor not only for economic conditions, but also for the perceived breakdown of traditional investing norms. Observers note that price action often diverges from fundamentals, with events such as strong earnings reports followed by market declines, or bullish policy moves met with retreat in equity indices. This disconnect has led many to seek out alternative interpretive models that are rooted in quantitative research rather than commentary.

    Feedback trends suggest that investors are especially drawn to the idea of rules-based frameworks, not as a way to predict market movements, but as a method for insulating decision-making from emotional swings. Terms like “bias-free ratings,” “independent signals,” and “data over headlines” are increasingly cited in discussions about financial preparedness. This echoes a wider public concern: how to plan responsibly when both optimism and pessimism seem unreliable as guiding principles.

    Additionally, the public narrative is shifting from short-term return maximization to long-term asset preservation. As attention to inflation rises and skepticism grows about centralized financial messaging, more investors are expressing interest in strategies that emphasize structural safety: liquid equities, tangible assets, and diversified exposure to sectors less correlated with traditional stock indices.

    While the Safe Money Report does not offer personalized advice, its model portfolio and analytical reports are gaining traction among those who view historical modeling and independent oversight as preferable alternatives to market-timed trading or sentiment-driven speculation. The ongoing reception appears to reflect a growing consensus that durable frameworks — even those without guarantees — may be the most practical tools available in navigating a market that no longer adheres to familiar rules.

    A comprehensive overview of the six-part methodology is featured in Weiss Ratings’ latest release.

    SECTION 6 – Availability and Transparency Statement

    The full 2025 strategic update from Safe Money Report, including its six-part framework for navigating market volatility, is now available to the public through Weiss Ratings. The content is designed for informational purposes only and is based entirely on independently developed research methodologies. It does not represent personalized investment advice, financial guarantees, or any form of promotional solicitation.

    Weiss Ratings remains privately held and operates without advertising sponsorships, ensuring that no outside party influences the analysis or ratings it provides. All insights contained within the Safe Money Report are driven by proprietary algorithms and long-range historical data, not market trends or promotional partnerships.

    Readers seeking further context can consult Weiss Ratings’ published materials, which detail the firm’s algorithmic modeling practices, asset evaluation methodologies, and archived forecasting studies. These resources are designed to support informed investor decision-making in environments where traditional predictive models may no longer be applicable.

    The current update reflects an ongoing commitment to data transparency, neutral positioning, and accessibility in financial analysis. It is one of several recurring informational releases Weiss Ratings makes available to the investing public.

    SECTION 7 – Final Observations & Industry Context

    The release of the Safe Money Report 2025 update arrives during a period when investor expectations are being reshaped by prolonged volatility and skepticism toward traditional market narratives. From institutional investors to retail market participants, the demand for data-backed, transparent, and independent frameworks continues to accelerate. The appetite for actionable intelligence has not disappeared, but the threshold for credibility has evolved.

    A defining trend across the financial industry is the growing rejection of opaque product offerings and media-driven investment cycles. In their place, clean-label strategies — rooted in historical precedent, accessible metrics, and conflict-free evaluation — have gained ground. The Safe Money Report, developed under the Weiss Ratings system, reflects this trend by prioritizing algorithmic transparency and long-term analysis over opinion-based guidance.

    In the broader ecosystem of financial research, independent ratings firms have become more relevant to both institutional and private investors seeking to avoid exposure to promotional conflicts of interest. The events of the past two decades — including multiple financial crises, asset bubbles, and regulatory failures — have underscored the importance of analytical models that operate outside the sphere of influence held by banks, brokers, and fund managers.

    As 2025 progresses, the challenges facing investors appear less likely to be resolved by short-term optimism and more likely to demand frameworks grounded in realism and historical literacy. The Safe Money Report release, while not prescriptive, contributes to this shift by presenting a systematic view of market behavior and economic fragility — one shaped by data, tested by precedent, and delivered with complete transparency.

    SECTION 8 – Public Commentary Theme Summary

    As conversations surrounding the “Age of Chaos” accelerate across financial forums, publications, and informal investor networks, several recurring themes have emerged — many reflecting heightened uncertainty. In contrast, others suggest cautious optimism rooted in historical precedent.

    Some observers have noted a growing disconnect between market fundamentals and short-term price behavior. This has led to broader discussions around the value of tools that prioritize data objectivity over media-driven sentiment. In particular, public interest is shifting toward ratings frameworks and risk models that operate without promotional sponsorship or institutional bias.

    Others have expressed concern about the reliability of traditional guidance in the current environment. With central banks pursuing varied monetary responses, geopolitical tensions disrupting supply chains, and asset correlations shifting unpredictably, many investors are raising questions about the long-term viability of conventional portfolio allocations.

    At the same time, a recurring discussion point involves the search for inflation hedges and value preservation strategies outside of traditional equities. Farmland, digital assets, and precious metals are increasingly appearing in public discourse, not as speculative investments, but as part of broader diversification conversations.

    Still, skepticism remains. Some have raised valid concerns about the feasibility of applying historical frameworks to modern market structures, which are shaped by artificial intelligence, algorithmic trading, and global interdependence. While historical case studies can offer context, not all investors agree on their applicability in an age of technological acceleration.

    A consensus has emerged, recognizing uncertainty as the default condition, rather than the exception. As a result, discussions continue to explore the potential of frameworks — such as those presented in the Safe Money Report — to help make sense of a market where volatility is not temporary, but structural.

    SECTION 9 – About the Company

    Founded in 1971 by Martin D. Weiss, Weiss Ratings is an independent financial research and ratings organization that delivers data-driven analysis of stocks, mutual funds, ETFs, banks, and insurance companies. The firm maintains a conflict-free model, accepting no advertising or compensation from the companies it evaluates. Its proprietary ratings system is based on more than a century of market history and thousands of performance indicators.

    Weiss Ratings aims to provide investors with transparent, algorithm-based tools that support informed financial decisions in uncertain market environments. Its methodologies are designed to operate independently of institutional influence, emphasizing data integrity and long-term historical context.

    Weiss Ratings does not provide treatment, personalized investment advice, or diagnostic financial services. All published material is for informational purposes only and intended for a general audience.

    Contact:

    The MIL Network

  • MIL-OSI: Banzai Announces Reverse Split

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, July 03, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that effective at market open on July 8, 2025, the Company will effect a one-for-ten (1 for 10) reverse stock split of its outstanding Class A Common Stock and Class B Common Stock (together with the Class A Common Stock, the “Common Stock”).

    The reverse stock split is primarily intended to increase the per share price of Banzai’s Class A Common Stock and maintain compliance with the Nasdaq Minimum Bid Price Requirement. The Company’s Class A Common Stock will continue to trade under the symbol “BNZI”. Upon the effectiveness of the reverse stock split, every ten shares of issued and outstanding Common Stock before the open of business on July 8, 2025, will be combined into one issued and outstanding share of common stock, with no change in par value per share. The Company’s Class A Common Stock will open for trading on Nasdaq on July 8, 2025, on a post-split basis but will trade under a new CUSIP Number, 06682J407.

    Prior to the reverse stock split, there were 22,374,739 shares of Class A Common Stock and 2,311,134 shares of Class B Common Stock outstanding. The number of issued and outstanding shares of Common Stock after the reverse stock split would be approximately 2,237,474 and 231,113 shares of Class A Common Stock and Class B Common Stock, respectively. No fractional shares will be issued as a result of the reverse stock split. Any fractional shares that would result from the reverse stock split will be rounded up to the nearest whole share.

    The reverse stock split will affect all issued and outstanding shares of the Company’s Common Stock, as well as the number of shares of Common Stock available for issuance under the Company’s stock options and warrants. In addition, the reverse stock split will reduce the number of shares of Common Stock issuable upon the exercise of stock options and warrants outstanding immediately prior to the reverse split and correspondingly increase the respective aggregate exercise prices. The reverse stock split will affect all holders of Common Stock uniformly and will not alter any shareholder’s percentage interest in the Company’s Common Stock, except to the extent that the reverse stock split results in some shareholders experiencing an adjustment of a fractional share as described above.

    Shareholders holding share certificates will receive information from Continental Stock Transfer & Trust Company, the Company’s transfer agent, regarding the process for exchanging their shares of common stock. Shareholders with questions may contact our transfer agent by calling 800-509-5586.

    About Banzai

    Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai has over 90,000 customers including RBC, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    www.mzgroup.us

    Media
    Nancy Norton
    Chief Legal Officer, Banzai
    media@banzai.io

    The MIL Network

  • MIL-OSI Security: New Orleans Man Indicted for Being a Felon in Possession of a Firearm

    Source: US FBI

    NEW ORLEANS – Acting U.S. Attorney Michael M. Simpson announced that SHAWN ROUSELL (“ROUSELL”), age 30, was indicted on June 26, 2025, for possession of a firearm by a convicted felon, in violation of Title 18, United States Code, Section 922(g)(1).

    According to the indictment, ROUSELL, possessed a Glock Model 27, .40 caliber semi-automatic handgun, loaded with ammunition. ROUSELL is a convicted felon and, as such, is prohibited from possessing firearms or ammunition under federal law.  If convicted, ROUSELL  faces up to 15 years’ imprisonment, up to a $250,000 fine, up to three years of supervised release, and a mandatory special assessment fee of $100.

    Acting U.S. Attorney Simpson reiterated that an indictment is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt.  

    The case was investigated by the Federal Bureau of Investigation and New Orleans Police Department. Assistant U.S. Attorney Tiwana Wright of the Financial Crimes Unit is in charge of the prosecution.

    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 (TCOs), 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 (OCDETFs) and Project Safe Neighborhood (PSN).

                                                                           *   *   * 

    MIL Security OSI

  • MIL-OSI Security: Grand Jury Returns Indictment Charging Former Evangeline Parish Law Enforcement Officer with Production and Receipt of Child Pornography

    Source: US FBI

    LAFAYETTE, La. – Acting United States Attorney Alexander C. Van Hook announced that a former Evangeline Parish Sheriff’s Office deputy has been indicted on child pornography charges. A grand jury in the Western District of Louisiana has returned an indictment charging Joshua Uhlman, 36, of Pine Prairie, Louisiana, with two counts of production of child pornography and one count of receipt of child pornography.

    The indictment alleges that between on or about September 2024 and February 2, 2025, Uhlman did attempt to employ, use, persuade, induce, entice and coerce two minors to engage in sexually explicit conduct and attempted to do so for the purpose of producing a visual depiction of said conduct, knowing that the visual depiction would be transmitted using interstate commerce. 

    It is further alleged in the indictment that between on or about September 2024 and February 2, 2025, Uhlman did knowingly receive child pornography, using any means and facility of interstate and foreign commerce and in and affecting interstate and foreign commerce, including by computer.

    If convicted, Uhlman faces a sentence of at least 15 years and no more than 30 years on each production of child pornography count; a minimum of 5 years and no more than 20 years on the receipt of child pornography count; 3 years of supervised release, and a fine of up to $250,000, or both.  

    An indictment is merely an accusation, and a defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt. 

    The case is being investigated by the Federal Bureau of Investigation and prosecuted by Assistant United States Attorney Craig R. Bordelon, II.

    To report an incident involving the possession, distribution, receipt or production of child pornography: Child sexual abuse material – referred to in legal terms as “child pornography” – captures the sexual abuse and exploitation of children. These images document victims’ exploitation and abuse, and they suffer revictimization every time the images are viewed. In 2023, the National Center for Missing & Exploited Children received 36 million reports of the possession, manufacture, or distribution of child sexual abuse materials. To file a report with NCMEC, go to https://report.cybertip.org or call 1-800-843-5678.

    # # #

    MIL Security OSI

  • MIL-OSI Security: Nine Charged with Alleged Scheme to Generate Revenue for North Korean Government and Its Weapons of Mass Destruction Program

    Source: US FBI

    Overseas operatives allegedly used stolen identities of American citizens to obtain remote jobs with U.S. companies, including Fortune 500 companies

    UPDATE: This press release was revised on July 3, 2025 to reflect that a 10th individual was charged in a separate charging document that was unsealed on July 2, 2025. 


    BOSTON – Nine individuals have been indicted in Boston, Mass. including one New Jersey man and eight overseas actors from China and Taiwan in connection with an alleged scheme to generate revenue for the Democratic People’s Republic of Korea (DPRK) weapons of mass destruction (WMD) programs. The alleged scheme involved the dispatchment of skilled information technology (IT) workers who, using stolen identities of U.S. persons, posed as domestic workers to obtain remote IT jobs with U.S. companies, including several Fortune 500 companies and a defense contractor.

    The following defendants have been indicted for their roles in the scheme, which generated at least $5 million in revenue for North Korea:  

    1. U.S. national Zhenxing “Danny” Wang of New Jersey;
    2. Chinese national Jing Bin Huang (靖斌 黄);
    3. Chinese national Baoyu Zhou (周宝玉);
    4. Chinese national Tong Yuze (佟雨泽);
    5. Chinese national Yongzhe Xu (徐勇哲 andيونجزهي أكسو), currently residing in the United Arab Emirates;
    6. Chinese national Ziyou Yuan (زيو), currently residing in the United Arab Emirates;
    7. Chinese national Zhenbang Zhou (周震邦);
    8. Taiwanese national Mengting Liu (劉 孟婷); and
    9. Taiwanese national Enchia Liu (刘恩)

    Zhenxing Wang was arrested earlier today in New Jersey. He will appear in federal court in Boston at a later date. A second U.S. national, Kejia “Tony” Wang of New Jersey, has also been charged in a separate charging document for his role in the scheme and has agreed to plead guilty.

    As alleged in court documents, in response to U.S. and U.N. sanctions, the DPRK government has dispatched thousands of skilled IT workers around the world, who stole identities of U.S. persons and posed as domestic workers to obtain remote IT jobs with U.S. companies and generate revenue for DPRK weapons of mass destruction WMD programs. The DPRK IT workers’ scheme involved the use of pseudonymous email, social media, payment platform and online job site accounts, as well as false websites, proxy computers, and third-party enablers in the United States and abroad. According to the court documents the IT workers employed under this scheme also gained access to sensitive employer data and source code, including International Traffic in Arms Regulations data from a California-based defense contractor that develops artificial intelligence-powered equipment and technologies

    “The threat posed by DPRK operatives is both real and immediate. Thousands of North Korean cyber operatives have been trained and deployed by the regime to blend into the global digital workforce and systematically target U.S. companies,” said United States Attorney Leah B. Foley. “We will continue to work relentlessly to protect U.S. businesses and ensure they are not inadvertently fueling the DPRK’s unlawful and dangerous ambitions.”

    “These schemes target and steal from U.S. companies and are designed to evade sanctions and fund the North Korean regime’s illicit programs, including its weapons programs,” said John A. Eisenberg, Assistant Attorney General for the Department’s National Security Division. “The Justice Department, along with our law enforcement, private sector, and international partners, will persistently pursue and dismantle these cyber-enabled revenue generation networks.”

    “The FBI will continue to work with our partners to expose and mitigate these fraudulent IT schemes and provide unwavering support to victims of North Korean cyber actors. While we have disrupted this group, this is merely the initial phase of the problem. The government of North Korea has trained and deployed thousands of IT workers to carry out similar schemes against U.S. companies daily. Protect your business by thoroughly vetting fully remote workers. The FBI strongly advises organizations to closely monitor their data, strengthen their remote hiring processes, and report any suspicious activity or fraud to the FBI,” said Rafik Mattar, Acting Special Agent in Charge of the Federal Bureau of Investigation (FBI), Las Vegas Division.

    “These Indictments should act as a deterrent for individuals and foreign entities attempting to illegally export critical defense information,” said John E. Helsing, Acting Special Agent in Charge for the Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS) Western Field Office. “DCIS will continue to work aggressively with our law enforcement partners and the Department of Justice to investigate and prosecute those who threaten our National Security and America’s Warfighters.”

    “This multiagency case demonstrates the power of law enforcement agencies collaborating to dismantle international fraudulent schemes involving technology,” said Shawn Gibson, Special Agent in Charge for Homeland Security Investigations (HSI) in San Diego. “Let this investigation prove that HSI will aggressively identify and bring to justice those who seek to steal intellectual property through illegal access to computer networks in order to financially profit and jeopardize U.S.-based businesses who have fallen victim to these actors.”

    According to the indictment, from approximately 2021 through October 2024, the defendants and other co-conspirators perpetuated a massive fraud scheme resulting in the transmission of false and misleading information to dozens of U.S. companies, financial institutions, and government agencies, including the Department of Homeland Security (DHS), the Internal Revenue Service (IRS), and the Social Security Administration (SSA). Specifically, these defendants and their co-conspirators allegedly compromised the identities of more than 80 U.S. persons; fraudulently obtained remote jobs at more than 100 U.S. companies, including several Fortune 500 companies and a cleared defense contractor; received laptops and other hardware from U.S. companies; accessed, without authorization, the internal systems of these U.S. companies, including sensitive employer data and source code; generated at least $5 million in revenue for the overseas IT workers; and caused U.S. victim companies to incur legal fees, computer network remediation costs, and other damages and losses of at least $3 million.  

    The overseas IT workers were allegedly assisted in this scheme by Kejia Wang, Zhenxing Wang, and at least four other identified U.S. facilitators. These facilitators allegedly received and/or hosted laptops belonging to U.S. victim companies at their residences to deceive the U.S. companies into believing the IT workers were in the United States. It is further alleged that they facilitated remote access to the computers for the overseas IT workers through illicit means, including downloading software to the computers without authorization from the U.S. companies, connecting the U.S. companies’ computers to internet-connected KVM switches, and creating shell companies with corresponding websites and financial accounts, including Hopana Tech LLC, Tony WKJ LLC and Independent Lab LLC to make it appear as though the overseas IT workers were affiliated with legitimate U.S. businesses. These facilitators also allegedly established accounts at U.S. financial institutions and online money transfer services to receive money from victimized U.S. companies, much of which was subsequently transferred to overseas co-conspirators. In exchange for their services, it is alleged that Kejia Wang, Zhenxing Wang, and the other U.S. facilitators collected at least $696,000 in fees.  

    According to court documents, in October 2024, seven locations in New York, New Jersey and California were searched and voluntary interviews at so-called “laptop farms” were conducted (that is, premises used to host U.S company laptop computers used in furtherance of the scheme), resulting in the recovery of more than 70 victim company devices. Additionally, 21 fraudulent web domains used to facilitate North Korean IT work have been seized, and 29 financial accounts, holding tens of thousands of dollars in funds, used to launder revenue for the North Korean regime through remote IT work.

    Also today, the Northern District of Georgia unsealed an indictment charging four North Korean nationals with a scheme to steal virtual currency held by two victim companies valued at over $750,000 and laundering the proceeds overseas. Unlike traditional North Korean IT workers, who usually seek employment with the goal of remitting their salaries back to North Korea, the defendants charged by the Northern District of Georgia allegedly sought employment with virtual currency-related businesses to earn the trust of those businesses and then stole those businesses’ virtual assets.

    Today’s announcement is the culmination of a multi-year investigation by federal law enforcement agencies and is one of several announced today as part of the Justice Department’s initiative, DPRK: Domestic Enabler. Under the initiative, Department prosecutors and agents continue to prioritize high-impact, strategic, and unified enforcement and disruption operations targeting DPRK’s illicit revenue generation efforts through remote IT workers, and the U.S.-based individuals who enable them.

    The U.S. Department of State has offered potential rewards for up to $5 million in support of international efforts to disrupt North Korea’s illicit financial activities, including for certain information related to individuals who are sent outside of North Korea to work to generate money for the North Korean government or who facilitate the activities of such North Korean nationals.

    The charges of conspiracy to commit mail and wire fraud, conspiracy to commit money laundering and conspiracy to violate the International Emergency Economic Powers Act (IEEPA) each provide for a sentence of up to 20 years in prison, three years of supervised release and a fine of $250,000. The charge of conspiracy to cause damage to a protected computer provides for a sentence of up to 15 years in prison, three years of supervised release and a $250,000 fine. The charge of conspiracy to commit identity theft provides for a sentence of up to five years in prison, three years of supervised release and a $250,000 fine. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    U.S. Attorney Foley; AAG Eisenberg; FBI Las Vegas Acting SAC Mattar; DCIS San Diego Acting SAC Helsing; and HSI San Diego SAC Shawn Gibson made the announcement today. Assistant U.S. Attorney Jason Casey of the National Security Unit is prosecuting the case along with Trial Attorney Gregory J. Nicosia, Jr. of the National Security Division’s National Security Cyber Section. Valuable assistance was provided by FBI New York, Newark and San Diego Field Offices; HSI Newark Field Office; United States Postal Inspection Service’s San Diego Field Office; and the U.S. Attorney’s Offices for the District of New Jersey, the Eastern District of New York and the Southern District of California.

    The details contained in the charging document are allegations. The defendants are presumed to be innocent unless and until proven guilty beyond a reasonable doubt in the court of law.  

    MIL Security OSI

  • MIL-OSI Security: Farmington Man Pleads Guilty to Possession of Child Sexual Abuse Material

    Source: US FBI

    CONCORD – A Farmington man pleaded guilty yesterday in federal court to the possession of child sexual abuse material (CSAM), Acting U.S. Attorney Jay McCormack announces.

    Michael F.J. Murphy, age 45, pleaded guilty in federal court in Concord to one count of possession of child pornography.  U.S. District Court Judge Paul Barbadoro scheduled Murphy’s sentencing for October 14, 2025.

    According to the charging documents and statements made in court, in December 2023, the defendant shared a video depicting CSAM with law enforcement using a file-sharing platform.

    The charging statute provides for a sentence of up to 10 years of imprisonment, but if any image of child pornography involved in the offense involved a prepubescent minor or a minor who had not attained 12 years of age, the maximum penalty is increased to 20 years of imprisonment. The statute provides for a supervised release term of not less than 5 years and up to life, and a maximum fine of $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    The Federal Bureau of Investigation and the Idaho Attorney General’s Internet Crimes Against Children Unit led the investigation. The New Hampshire Internet Crimes Against Children Task Force, the United Kingdom South East Regional Crime Unit, and the Farmington Police Department provided valuable assistance. Assistant U.S Attorney Charles L. Rombeau is prosecuting the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse, launched in May 2006 by the Department of Justice. Led by the U.S. Attorneys’ Offices and the DOJ’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who exploit children, as well as identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

     

    ###

    MIL Security OSI

  • MIL-OSI Security: Western District of Texas U.S Attorney’s Office Adds 208 Immigration Cases in 6 Days Going into July

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    SAN ANTONIO – United States Attorney Justin R. Simmons for the Western District of Texas announced today, that federal prosecutors in the district filed 208 new immigration and immigration-related criminal cases from June 27 through July 2.

    Among the new cases, Mexican national Erik Garcia-Rodriguez aka Eduardo Soto-Garcia aka Gerardo Reyes, was encountered by Texas Department of Public Safety in San Antonio on June 26. According to a criminal complaint, TX DPS requested immigration determination assistance from an Immigration and Customs Enforcement (ICE) Enforcement Removal Operations (ERO) officer, who determined Garcia-Rodriguez to be an alien illegally present within the United States who had previously been removed from the United States, and who was residing at an address in San Antonio. On May 26, 2011, Garcia-Rodriguez was convicted for trafficking cocaine and heroin in Dallas County. He was removed from the U.S. on Dec. 7, 2011.

    Mexican national Ismael Nieto Balverde was charged with possession with intent to distribute heroin in Austin. A criminal complaint affidavit alleges that a Drug Enforcement Administration investigation led to two controlled purchases of heroin from Balverde, totaling approximately 2,034 grams of the narcotic.

    In Ector County, Roberto Adan Gandara-Ramirez, a Mexican national, was arrested on a warrant for alleged sexual assault of a child, according to a criminal complaint, and was released to ICE/ERO custody by Ector County Sherriff’s Department deputies. Gandara-Ramirez was previously removed from the U.S. through Del Rio in 2015.

    Daniel Hernandez, of Asherton, was arrested near Carrizo Springs on June 29 for conspiring to transport an illegal alien further into the United States. Hernandez was stopped by the Dimmit County Sheriff’s Office, who requested U.S. Border Patrol assistance. USBP agents conducted an immigration inspection and allegedly discovered that the vehicle contained two U.S. citizens and one Mexican national without proper documentation to enter or remain in the U.S. Hernandez allegedly stated that he was in contact with a facilitator who had instructed him to pick up the illegal alien and take the alien to Asherton. In 2014, Hernandez was convicted for bringing in and harboring aliens in Del Rio, for which he was sentenced to 27 months confinement.

    A convicted felon on U.S. probation was arrested and charged with illegal re-entry after he was found approximately a mile east of the Fort Hancock Port of Entry. Mexican national Eduardo Lopez-Castillo has been removed from the U.S. to Mexico three times, the last one being May 28, 2024. In April 2024, he was convicted of illegal re-entry and in 2021, Lopez-Castillo was convicted of assault causing bodily injury to a family member.

    Alfonso Lopez-Castro, a Mexican national, attempted to gain entry into the U.S. at the Paso Del Norte Port of Entry by presenting a New Mexico driver’s license that allegedly contained the name, date of birth, and photograph of another individual. Lopez-Castro allegedly told the Customs and Border Protection officer that he was a U.S. citizen and that he was going home to New Mexico. He allegedly admitted later that the driver’s license was not his and was given to him by a coworker. Lopez-Castro has been previously removed from the U.S. six times, five of which were between August and November 2014. He is charged with one count of knowingly personating another and attempting to evade immigration laws by appearing under an assumed or fictitious name when applying for admission to the United States.

    An alleged foot guide was arrested in El Paso and charged with bringing illegal aliens into the United States. Mexican national Isaac Nolasco-Ramirez allegedly crossed into the U.S. and attempted to conceal himself with three other illegal aliens inside a canal and under some brush approximately six miles east of the Tornillo Port of Entry. A criminal complaint alleges that Nolasco-Ramirez stated his friend used a rope ladder to get the group over the fence and that he was told to take the aliens to be picked up along the railroad tracks.

    Two U.S. citizens were also arrested for bringing in illegal aliens after two aliens were observed scaling over the International Border Fence. The aliens were apprehended north of the Rio Grande River and consented that U.S. Border Patrol agents could view and search the contents of their phone. An agent, posing as one of the aliens, allegedly replied to a WhatsApp message with his location and was advised that two Jeeps would soon arrive to pick him up. When the Jeeps arrived, one driver, identified as Diego Mota, was arrested. The other vehicle departed at a high rate of speed before the driver stopped and led an Ysleta Del Sur Pueblo Tribal Police Officer on a foot chase. That driver, Isaac Steven Hernandez, was soon apprehended and allegedly admitted that he had been involved in alien smuggling schemes approximately eight times.

    A Salvadoran national, Hector Antonio Ostorga Hernandez, was arrested in Eagle Pass and charged with illegal re-entry. Ostorga Hernandez has been previously deported twice, the last time being to El Salvador on Dec. 20, 2024, through Alexandria, Louisiana. That removal occurred two months after he was convicted in Houston for assault causing bodily harm injuring a family member and was sentenced to 179 days confinement.

    Jose Ignacio Lopez-Ortiz, a Mexican national, was also arrested in Eagle Pass and charged with illegal re-entry. Lopez-Ortiz was last removed to Mexico in January 2013 through Laredo and has since been twice-convicted for driving while intoxicated in April 2023 and April 2025.

    Mexican national Juan Enrique Landeros-Gonzalez was arrested in Del Rio on June 30 for being illegally present in the U.S. after being removed for the sixth time on June 13. Landeros-Gonzalez is a felon with multiple convictions including criminal mischief and probation revocation, illegal re-entry, and unauthorized use of a vehicle.

    U.S. Border Patrol in Eagle Pass also arrested Mexican national Joel Escobar-Chavez, who has six prior removals, the last being on March 7, and Donaldo Robles-Zarate, who also has been removed six times, the last one being July 12, 2019. Guatemalan national Byron Antonio Almazan has been removed from the U.S. five times, the last being on Jan. 27 through Alexandria, Louisiana. He was convicted for an illegal re-entry felony in December 2024 and sentenced to 189 days confinement. 

    These cases were referred or supported by federal law enforcement partners, including Homeland Security Investigations (HSI), Immigration and Customs Enforcement’s Enforcement and Removal Operations (ICE ERO), U.S. Border Patrol, the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), the U.S. Marshals Service (USMS), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), with additional assistance from state and local law enforcement partners.

    The U.S. Attorney’s Office for the Western District of Texas comprises 68 counties located in the central and western areas of Texas, encompasses nearly 93,000 square miles and an estimated population of 7.6 million people. The district includes three of the five largest cities in Texas—San Antonio, Austin and El Paso—and shares 660 miles of common border with the Republic of Mexico.

    These cases are 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 (TCOs), 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 (OCDETFs) and Project Safe Neighborhood (PSN).

    Indictments and criminal complaints are merely allegations and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    ###

    MIL Security OSI

  • MIL-OSI: HTX Celebrates 12th Anniversary with Grand Launch of Million-Dollar HTTC S1 Trading Competition

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, July 03, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange, is celebrating its upcoming 12th anniversary by launching the “HTX Team Trading Competition (HTTC) Season 1: Blades Out” spot trading event. Recruitment for Team Leaders is now open. Featuring a total prize pool of over one million USDT, the competition offers a unique opportunity for traders worldwide to showcase their skills. As an added incentive, all participants will have a chance to win the highly coveted Xiaomi SU7 MAX SUV through a special lucky draw.

    Million-Dollar Prize Pool Ignites Trading Passion

    HTTC S1 is designed to provide users with a premier platform to showcase their trading skills, foster team collaboration, and leverage community influence. The event offers a total prize pool exceeding one million dollars, with $70,000 allocated to the Team Trading Volume Challenge and $30,000 to the Team PnL Challenge. All rewards will be distributed in $HTX tokens. Participants who complete level 3 KYC verification can claim a 10 USDT Cashback Voucher upon successful event registration.

    Additionally, throughout the event, all participants will have a chance to win the grand lucky prize — one of three Xiaomi SU7 MAX SUVs.

    Team Leader Recruitment Underway

    HTX is currently recruiting team leaders globally. The registration period runs from 10:00 (UTC) on July 2, 2025, to 10:00 (UTC) on July 9, 2025. Users can register by submitting their UID, preferred team name, and a brief team description. Ultimately, 10 team leaders will be selected based on their influence, spot trading volume, and other key factors. Selected team leaders will receive a trading volume multiplier to enhance their share of the prize pool, along with a 200 USDT Cashback Voucher as a bonus.

    Users not chosen as team leaders are invited to join any team and participate in the competition for a share of the prize pool. The team formation period will run from 10:00 (UTC) on July 10 to 10:00 (UTC) on July 22. The trading competition itself will take place from 10:00 (UTC) on July 10 to 10:00 (UTC) on July 25. Further details regarding the rules and rewards will be provided in an upcoming announcement.

    HTX: Leading the Future of Crypto Trading

    Since its inception in 2013, HTX has maintained its commitment to providing secure, stable, and efficient crypto trading services for users worldwide. The “HTTC S1” serves as a significant highlight for HTX’s 12th-anniversary celebration, aiming to create value and share wealth with global users through an innovative team competition model.

    Going forward, HTX will continue to enhance the user trading experience and expand its range of financial products and services. This will offer users safer and more convenient investment options and inject fresh momentum into the broader industry’s development.

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.

    Disclaimer: This content is provided by HTX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/75037eb4-a165-427a-99c5-03411c351c44

    The MIL Network

  • MIL-OSI Africa: Perenco’s $2 Billion Cap Lopez Liquefied Natural Gas (LNG) Project Signals Gas-Led Growth in Central Africa

    Source: APO

    Positioning natural gas at the center of its growth strategy, independent oil and gas company Perenco is driving one of Central Africa’s most ambitious energy developments through the Cap Lopez LNG terminal in Gabon – a flagship project set to come online in 2026. Situated at the existing Cap Lopez oil terminal, the $2 billion initiative will introduce a floating LNG (FLNG) vessel designed to monetize the country’s offshore gas reserves and reduce gas flaring. Following completion, the project is expected to serve as a catalyst for energy diversification and broader economic growth in the country.

    Marking Gabon’s first large-scale gas development following a final investment decision in 2024, the project signals a major step forward for regional energy security and industrialization. Currently under construction in Dubai, the FLNG unit will boast a production capacity of 700,000 tons of LNG and 25,000 tons of LPG annually, supported by storage infrastructure capable of holding 137,000 cubic meters. In support of this venture, engineering and construction company Technomak recently signed an agreement with Dixstone – a Perenco affiliate – for the integration of the offshore FLNG barge. Perenco is a Gold Partner at this year’s African Energy Week (AEW): Invest in African Energies in Cape Town.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    The project forms part of a broader energy strategy being implemented by Perenco in Africa. In the Republic of Congo, the company continues to expand its upstream footprint with the commissioning of the Kombi 2 platform on the Kombi-Likalala-Libondo II permit. Currently under construction by Dixstone at the Nieuwdorp shipyard in the Netherlands, the platform is scheduled to depart in October and enter into operation offshore Pointe-Noire by early next year. With an estimated investment exceeding $200 million – and forming part of broader developments nearing $900 million – the project includes new drilling phases, infrastructure upgrades and the optimization of existing wells. The Kombi 2 platform will feature an integrated wellbay module to accommodate new wells, aiming to unlock an additional 10 million barrels of oil equivalent, with targeted output gains of 4 million cubic feet per day. Power generation for the platform will be supported by dual gas turbined linked to a 33-kV electrical hub, reinforcing Perenco’s commitment to operational efficiency and sustainable resource development in Congo.

    On the exploration front, Perenco continues to cement its role as a premier independent in Africa’s energy landscape through a robust portfolio of upstream and gas infrastructure developments across the continent. In early 2024 an appraisal well in Gabon spudded near the Hylia South West discovery revealed substantial oil-bearing columns in the Ntchengue Ocean reservoir and reinforcing the potential of the lower Madiela carbonate formation. In Cameroon, the company launched its inaugural gas-to-industry project in July 2024, supplying 3.5-6.5 million cubic feet per day of natural gas from the Sanaga South field to the Keda tile factory via a 6-km pipeline – a milestone following its 9.9% equity acquisition in offshore operatory Golar LNG a month earlier.

    These initiatives underscore Perenco’s integrated energy strategy, with the company’s participation as a Gold Partner at AEW: Invest in African Energies 2025 set to showcase their strategic role in shaping Africa’s energy future through large-scale gas monetization, infrastructure expansion and frontier exploration. Taking place in Cape Town from September 29 to October 3, 2025, the event promises to shine a light on these transformative projects and drive high-level dialogue on investment, innovation and sustainable development in Africa’s oil and gas sector.

    Distributed by APO Group on behalf of African Energy Chamber.

    Media files

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    MIL OSI Africa

  • MIL-OSI Africa: Ghana: Statement on the Payment of US$349.52 Million Eurobond Debt Service

    Source: APO


    .

    The Ministry of Finance wishes to officially inform the public that the Government of Ghana has, through the Bank of Ghana, successfully effected a payment of US$349,523,674.56 in respect of Eurobond debt service obligations today, Thursday, 3rd July 2025.

     Since the conclusion of Ghana’s Eurobond debt restructuring in October 2024, the Government of Ghana has cumulatively serviced US$1,174.64 million in Eurobond debt payments as follows:

    • In October 2024, the government made an initial payment of US$475.60 million, covering obligations due under the restructuring agreement, including the first post-restructuring debt service.
    • In January 2025, the government paid US$349.52 million.
    • And now, in July 2025, a further US$349.52 million has been paid

    This brings Ghana fully up to date on all scheduled Eurobond debt service obligations for 2025.

    Looking ahead to 2026, a total debt service of US$1,409.06 million is scheduled.

    This timely payment reaffirms Ghana’s commitment to macroeconomic stability, prudent debt management, and constructive engagement with external creditors.

    It is expected to:

    • Positively influence Ghana’s credit ratings trajectory in the months ahead, as it demonstrates continued discipline in debt servicing post-restructuring.
    • Boost investor confidence in Ghana’s sovereign credit profile and economic recovery programme.
    • Support foreign exchange market stability, as it has been incorporated into the Bank of Ghana’s reserves and liquidity management strategy.

    Distributed by APO Group on behalf of Ministry of Finance – Republic of Ghana.

    MIL OSI Africa

  • MIL-OSI USA: San Antonio man sentenced to 10 years in federal prison for transporting 25 illegal aliens inside tanker trailer following ICE Eagle Pass, federal partner investigation

    Source: US Immigration and Customs Enforcement

    DEL RIO, Texas — A San Antonio man was sentenced in a federal court to 10 years in prison for one count of conspiracy to transport illegal aliens. This investigation was conducted by U.S. Immigration and Customs Enforcement with assistance from U.S. Border Patrol.

    Richard Rindeikis, 44, was sentenced July 2 by a federal judge to 120 months for his role in a human smuggling event. Rindeikis was arrested Nov. 18, 2024. He pleaded guilty Feb. 5 to one count for conspiracy to transport illegal aliens.

    “This sentencing is a grim reminder of the extreme measures smugglers will take for profit, endangering the lives of vulnerable individuals in the process,” said ICE Homeland Security Investigations San Antonio Special Agent in Charge Craig Larrabee. “Smuggling human beings inside a tanker trailer is not only illegal, but also inhumane. Thanks to the swift work of law enforcement, the victims were rescued before tragedy struck. HSI remains relentless in our mission to dismantle smuggling networks and protect human life at every turn.”

    “This district has seen far too many instances of human smuggling like this one end in tragedy. If not for the excellent work by the U.S. Border Patrol in this case, we may have seen another,” said U.S. Attorney Justin R. Simmons for the Western District of Texas. “My office will continue to pursue, prosecute, and seek to punish those who selfishly value profit over human life.”

    According to court documents, on Nov. 18, 2024, Rindeikis was driving a truck connected to a tanker trailer when he was subjected to inspection at a U.S. Border Patrol checkpoint near Carrizo Springs. He claimed the tanker was empty and, when he couldn’t locate his driver’s license, was referred to secondary inspection. USBP agents observed that the hatches on top of the tanker trailer were closed and completely secured. When they opened the hatches, they discovered numerous people sitting inside the tanker. A total of 25 illegal aliens from Ecuador, Colombia, El Salvador, Honduras, and Mexico, were removed and Rindeikis was placed under arrest. He was indicted for two counts and pleaded guilty to count one on Feb. 5, 2025.

    Assistant U.S. Attorney Joseph Duarte II for the Western District of Texas prosecuted the case.

    Members of the public can report crimes or suspicious activity by calling the ICE Tip Line at 866-DHS-2-ICE (866-347-2423) or by completing the online tip form.

    For more information about HSI San Antonio and its public safety efforts in Central and South Texas, follow HSI San Antonio on X at @HSI_SanAntonio.

    MIL OSI USA News

  • MIL-OSI USA: Transformed $25M Lincoln Park Pool in Albany Completed

    Source: US State of New York

    overnor Kathy Hochul today celebrated the completion of the $25 million rehabilitation of the historic Lincoln Park Pool in Albany, made possible through $10 million in support from the Governor’s innovative New York Statewide Investment In More Swimming (NY SWIMS) initiative that expands access to safe swimming, addresses equity gaps by providing recreational opportunities and supports communities across the state with resources to combat extreme heat. This newly transformed facility restores a vital community asset in Albany’s South End that has served families since 1930, bringing modern amenities and full accessibility to the neighborhood. Governor Hochul’s NY SWIMS initiative awarded $150 million in 2024 to 37 pool projects across New York State, including more than $28 million to five pools in the Capital Region. NY SWIMS is the largest investment in swimming infrastructure since the New Deal.

    “For nearly a century, Lincoln Park Pool has been a cornerstone of summer in Albany’s South End and today, we are giving it new life for the next generation to enjoy,” Governor Hochul said. “Through our NY SWIMS initiative, we’re investing in accessible and affordable places where families and communities can beat the heat and come together. Our NY SWIMS program ensures that all New Yorkers can get offline, get outside and thrive.”

    The Lincoln Park Pool rehabilitation represents a complete transformation of the nearly century-old facility, featuring a zero-entry pool for accessibility, a half Olympic-style lap pool for competitive swimming, a splash pad for family recreation, and upgraded restrooms with modern amenities. Through NY SWIMS the state is specifically targeting underserved communities that have long needed improved recreational facilities. This $10 million investment in Lincoln Park Pool builds on previous support, including a $262,500 Environmental Protection Fund grant awarded by New York State Parks, Recreation & Historic Preservation in 2018 for the planning and design of the project.

    With today’s ribbon cutting, Albany celebrates the restoration of a beloved community gathering place that will serve families throughout the City. The Lincoln Park pool rehabilitation is among the projects specifically targeting underserved communities that lack access to safe swimming facilities. The project exemplifies the “Get Offline, Get Outside” initiative’s mission to provide healthy outdoor recreation alternatives for young people and families. As communities nationwide grapple with the mental health impacts of excessive screen time, facilities like this rehabilitated pool offer safe spaces for physical activity and social connection.

    Drowning remains the leading cause of death for children ages one to four, making facilities like Lincoln Park Pool crucial for water safety education. The pool will provide space for learn-to-swim programming, helping address swimming disparities while offering a safe place for families to cool off during increasingly hot summers due to climate change

    The ribbon cutting comes as NY SWIMS continues to expand, with an additional $90 million allocated in 2025. The increased funding reflects strong legislative support for expanding swimming access across New York State and demonstrates bipartisan recognition of the program’s success and community impact.

    The NY SWIMS Lifeguard Grant Program offers an additional $5 million for reimbursable grants from the Department of State to eligible municipalities to incentivize lifeguard recruitment and retention and is designed to help counties, cities, towns, and villages to increase swimming access through growing their ranks of lifeguards, providing additional opportunities, and expanding their open hours at municipal swimming locations. Albany is using $50,000 in grant funding to invest in training resources and hire three new lifeguard managers at a higher wage, who will oversee daily operations, manage schedules, and serve as direct mentors and additional support for the lifeguard team. These efforts are expected to help the City handle increased demand and extend the swimming season at Lincoln Park Pool.

    Additional State support for projects improving overall Lincoln Park and Albany infrastructure include a $5 million Department of Environmental Conservation (DEC) grant provided through the Water Quality Improvement Project (WQIP) program to implement screening and disinfection of combined sewage from the Beaver Creek Sewer District. The project improved water quality by providing treatment for the Albany Pool’s largest combined sewer overflow and will serve to further reduce bacteria and improve water quality in the Hudson River. DEC also provided $1 million in funding through WQIP in 2021 to the Albany Water Board for the Lincoln Park Reflection and Learning Garden to construct green infrastructure elements in the park, diverse ecological and biohabitat, and implement native plantings to mitigate combined sewer surface discharges and odor issues within Lincoln Park.

    Dormitory Authority of the State of New York President & CEO Robert J. Rodriguez said, “Governor Hochul’s NY SWIMS initiative exemplifies the power of state-local collaboration at its best. Albany’s significant local investment, combined with NY SWIMS funding, has transformed a nearly century-old facility into a modern, accessible community hub that honors its historic roots while meeting today’s needs. This partnership approach is how we maximize public resources and build on existing community assets to create even greater opportunities for families. When state and local governments work together with a shared vision, we can preserve what matters most to neighborhoods while ensuring these vital spaces serve New Yorkers for another generation.”

    New York State Office of Parks, Recreation and Historic Preservation Commissioner Pro Tempore Randy Simons said, “The Lincoln Park Pool has long been a cornerstone of summer in Albany, and thanks to Governor Hochul’s NY SWIMS grants, we’re thrilled to bring this vital resource back to life. This historic investment provides a modern, inclusive space for the community to cool off, swim safely, and gather with friends and family this summer. We’re excited to build off this pool’s cherished legacy and continue helping New Yorkers enjoy the outdoors and make lasting memories.”

    New York Secretary of State Walter T. Mosley said, “The revitalization of the Lincoln Park Pool through the NY SWIMS initiative is a powerful example of how strategic investment can restore cherished public spaces and ensure they serve the next generation. The Department of State is proud to support Governor Hochul’s vision by providing grants to help communities recruit and retain qualified lifeguards for these recreational facilities, an essential part of expanding access to safe swimming. By investing in this critical workforce, we are working to keep our state’s pools and kids safe.”

    Department of Environmental Conservation Commissioner Amanda Lefton said, “As summers continue to get hotter, and the impacts of climate change create ongoing threats to public health, it is important to ensure that critical community resources like the Lincoln Park Pool and surrounding park spaces are fully supported. DEC is proud to continue our partnership with the City of Albany to support Lincoln Park improvements and we thank Governor Hochul and our state agency partners for helping families cool off safely and keep kids offline to enjoy the outdoors this summer.”

    State Senator Pat Fahy said, “Access to pools and swimming opportunities isn’t a luxury reserved for a few, it’s a lifelong skill that opens doors for our young people. That’s why the Lincoln Park Pool was built during the height of the Great Depression; to provide hope, opportunity, and a safe place to swim and recreate outdoors here in the City of Albany for families and New Yorkers. I’m proud to have been able to secure state funding to support the Lincoln Park Pool’s renovation, and I cannot wait to see our community take advantage of it this summer. I want to thank Mayor Sheehan, Governor Hochul, and so many more who made this project and today’s reopening a reality.”

    Assemblymember Gabriella Romero said, “This aquatic center, located in our Lincoln Park community, is an incredible investment and provides state of the art facilities for our youth to enjoy throughout this summer. It is more important than ever for children to spend time outdoors and connect with their local community. Thank you to Governor Hochul, Mayor Sheehan and others who made this project possible.”

    Assemblymember John T. McDonald III, RPh said, “The rehabilitation of Lincoln Park Pool is a perfect example of what happens when we invest in our communities. As a former Mayor, I know all too well the importance of having a safe and modernized space for New Yorkers, especially our youth, to not only cool off, but to learn the importance of water safety. I was proud to support funding for NY SWIMS in the Legislature, and I thank Governor Hochul for her continued commitment to expanding access to safe swimming and outdoor recreation across New York State.”

    Albany County Executive Daniel P. McCoy said, “The Lincoln Park Pool has been part of our city’s fabric for almost 100 years, and today, it’s finally getting the second life it deserves. I’d like to thank Governor Hochul for her significant contribution to its restoration through the NY SWIMS grant program. This is a win for public health and equity and I can’t wait to see New Yorkers get back to enjoying the water.”

    Albany Mayor Kathy Sheehan said, “The new Lincoln Park Pool is yet another transformative investment in the South End. Since taking office, my administration has invested more than $65 million in our South End neighborhood. We are preventing raw sewage from percolating in Upper Lincoln Park while also cleaning the Hudson River. We renovated the Lincoln Park Basketball Courts, we revitalized the Lincoln Park Bowl, we built the South End Connector, and we are helping the Albany Housing Authority rebuild Steamboat Square. With the new Lincoln Park Pool, my administration continues to send a message to our South End neighbors that we are working tirelessly to reverse decades of historic disinvestment and we will continue to deliver on the promises we make to this community. I am so proud today has finally arrived, and I am so excited our residents have the opportunity to enjoy this state-of-the-art facility.”

    NY SWIMS builds on Governor Hochul’s broader commitment to youth wellness, including the signing of first-in-the-nation legislation protecting children from addictive social media feeds and shielding their personal data from online platforms. The initiative is a key component of the “Get Offline, Get Outside” campaign, which also includes the $56.5 million Summer Youth Employment Program supporting 21,000 young people from low-income families across the state.

    The New York Statewide Investment in More Swimming (NY SWIMS) initiative represents New York’s largest investment in swimming infrastructure since the New Deal. The program provides grants between $50,000 and $10 million to help municipalities design, construct, rehabilitate, or modernize public swimming facilities, with a focus on supporting disadvantaged and underserved communities that lack access to safe swimming and outdoor recreation opportunities.

    MIL OSI USA News