Category: Finance

  • MIL-OSI: Applied Materials Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., June 10, 2025 (GLOBE NEWSWIRE) — Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.46 per share payable on the company’s common stock. The dividend is payable on Sept. 11, 2025 to shareholders of record as of Aug. 21, 2025.

    The cash dividend is a key component of Applied’s capital allocation strategy. In March 2025, Applied announced a 15-percent increase in the quarterly dividend per share, from $0.40 to $0.46, marking eight consecutive years of dividend increases. Over the past 10 fiscal years through 2024, the company has increased its dividend per share at a compound annual growth rate of approximately 15 percent and distributed nearly 90 percent of free cash flow to shareholders.

    In the second quarter of fiscal 2025, Applied distributed nearly $2.0 billion to shareholders through dividends and share repurchases. The company had approximately $15.9 billion remaining in its share repurchase authorization at the end of the period.

    Forward-Looking Statements
    This press release may contain forward-looking statements, express or implied, regarding future rates of cash dividends and our share repurchase program. While we expect to continue to pay dividends in the future, the declaration of any future dividends or dividends at any particular rate is subject to the discretion of the Board of Directors and will depend on our financial condition, results of operations, capital requirements, business conditions and other factors, as well as a determination by the Board of Directors that dividends are in the best interests of our stockholders. The timing and amount of share repurchases will depend on market conditions, our other funding requirements and other considerations. Additional factors that could cause actual results to differ materially from those expressed or implied by such statements are described in our SEC filings, including our recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.

    Use of Non-GAAP Financial Measure
    For reconciliation of the GAAP to non-GAAP financial measure related to free cash flow, see non-GAAP reconciliation materials on the Investor Relations website at ir.appliedmaterials.com.

    About Applied Materials
    Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future. Learn more at www.appliedmaterials.com.

    Contact:
    Ricky Gradwohl (editorial/media) 408.235.4676
    Liz Morali (financial community) 408.986.7977

    The MIL Network

  • MIL-OSI Economics: UN Ocean Conference 2025

    Source: WTO

    Headline: UN Ocean Conference 2025

    Your Excellencies H.E. Minister Marina Silva (Brazil) and H.E. Minister Stavros Papastavrou (Greece), the two Co-Chairs of this session, Excellencies, ladies and gentlemen,
    First allow me to thank President Macron and UNSG Guterres and Costa Rica for co-hosting this important conference. (Brazil will host COP30, and Greece hosted “Our Oceans” in 2024)
    I am delighted to be here today.
    We are here because there is no other option but to protect marine and coastal ecosystems from the threats of the triple crisis of climate change, biodiversity loss, and pollution. We know that business as usual, especially in the current global context, is not an option. And trade is part of the solutions we need.
    A little-known fact is that one of the WTO’s fundamental goals, as enshrined in the preamble to our founding agreement, is the optimal use of the world’s resources in accordance with the objective of sustainable development and the protection and preservation of the environment.
    The WTO has been doing its bit – and I am convinced that if we work together, we can do much more.
    I want to make three points.
    Key Point 1: First, our landmark Agreement on Fisheries Subsidies (AFS), which I had the honour to announce to the ocean community at UNOC2 in Lisbon, delivered on SDG 14.6. With 101 WTO Members having ratified the Agreement, we now need only ten more ratifications for it to enter into force. 

    USD 22 billion in harmful fisheries subsidies are provided every year. These contribute to the overexploitation of marine resources and can ultimately lead to the collapse of fish stocks and associated economic activities. Beyond fisheries, there are over USD 2 trillion of harmful subsidies on fossil fuels, agriculture and other purposes that could be redirected.
    The Agreement establishes new multilateral rules that prohibit the most harmful forms of fisheries subsidies, freeing up resources that could be repurposed to support practices that promote healthy fisheries, livelihoods, food security and value added.
    In addition to the BBNJ we need the AFS to enter into force.  Once two-thirds of the WTO’s 166 members formally accept the agreement, its subsidy curbs will enter into force – and so will its provisions to provide developing and least-developed countries with technical and financial support to build the capacity needed to upgrade fisheries management, integrate sustainability considerations into their fisheries policies,  and otherwise implement the new rules.
    Our donor-supported Fish Fund last week launched its first call for proposals from members seeking such support – but disbursements cannot start until we get the ten more ratifications needed for entry into force. So let me once again request WTO Members that have not yet done so to help make history by ratifying the Agreement on Fisheries Subsidies as soon as possible!
    As many of you are aware, WTO Members are working to build on the Agreement on Fisheries Subsidies by agreeing on additional disciplines that will disincentivize overcapacity and overfishing, and support the sustainable management of fishing resources. Here too, I urge WTO members represented here to work with each other to help us get to yes.

    Key Point 2: Second, trade policy alone is not enough. The solutions we need require a coherent multisectoral approach that complements trade policy action with finance and investment to unlock inclusive, sustainable growth from the ocean economy, particularly for coastal developing countries and small island developing States.
    The blue economy is estimated to have an annual value of over US$ 2.6 trillion .  More than 3 billion people either directly or indirectly rely on the oceans for their livelihoods. Over 130 million are directly employed in ocean-based roles.
    Several SIDS, coastal economies and LDCs are seeking to harness the economic potential of the ocean in a sustainable manner by complementing traditional sectors such as tourism, fisheries, and seaport activities with emerging industries like marine biotechnology, energy and mineral exploration.
    They have opportunities to use trade to leverage green and blue comparative advantages – springing from their abundant renewable energy potential, sustainable agriculture, and biodiversity-based ocean products – to tap into emerging sustainable value chains.
    If they can harness these opportunities, it would be ‘re-globalization’ in practice: contributing to sustainable growth, diversification and job creation while making the wider global economy more inclusive and resilient.
    But realizing this vision requires international cooperation to maintain an open and predictable trading environment as well as to de-risk investment. At the WTO, we have another important plurilateral Agreement the Investment Facilitation for Development Agreement (IFDA) with 131 Members that does just this.
    Key Point 3: Third, we can do more to  unlock “win-win” outcomes that leverage trade policy to support economic development while protecting ocean sustainability.
    Let’s look at  a few examples. 

    One is maritime transport. Over 80 % of international trade by volume is shipped by sea.  However, shipping also estimated to account for nearly 3% of global greenhouse gas emissions.  There are other environmental impacts: oil spills and underwater noise pollution in sensitive maritime ecosystems; the spread of invasive alien species in ballast water and so forth.
    Trade policies can help finding solutions to these sustainability challenges. 
    For instance, as public and private stakeholders step up work to decarbonize the shipping industry, with important recent outcomes at the IMO in this regard, governments can amplify their efforts by reducing trade barriers and facilitating the cross-border diffusion of environmentally friendly goods and services for green shipping. WTO work on standards and regulations (TBT), including energy efficiency requirements and promoting international standards for low emission fuels or hydrogen, could similarly lower costs and increase scale economies.. The WTO is a forum for members to share best practices and exchange views on their approaches to reduce shipping emissions. The initiative on fossil-fuel subsidy reforms led by a group of WTO members shows an additional path to help correct incentives for emissions reduction.
    On a related subject, ocean based renewable energy has enormous potential. The global offshore wind energy market was valued at nearly USD 40 billion last year, and pilot projects are underway to harness tidal energy.
    Trade is a necessary means to diffuse renewable energy technologies and related services, particularly to small countries that may have limited domestic production capacity.

    Another area where trade policy can help is plastics and marine pollution.  You all know about the “Great Pacific Garbage Patch” – an area roughly the size of Mongolia. You might not know that 83 WTO members are running a Dialogue on Plastic Pollution (DPP) and environmentally sustainable plastic trade, looking at issues such as plastics value chains, customs and regulatory issues, and how trade policy could help scale up plastic substitutes. Thanks to this work, we are beginning to better understand how trade policies could play a role in helping to tackle the problem – and we have been bringing these insights to our support for the ongoing UN International Plastics Treaty Negotiations (which I’m sure Inger from UN Environment will update you on).
    Excellencies, ladies and gentlemen: let me conclude here, with three requests: 1) Remember that trade is part of the toolkit for the sustainability of marine and coastal ecosystems. 2) Please make sure that what your trade officials say in Geneva aligns with the positions you take in forums like this one. And 3) Please ratify the Fisheries Subsidies Agreement!
    Thank you. I am looking forward to the discussion.

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  • MIL-OSI Economics: Trade critical to ocean sustainability — DG Okonjo-Iweala at UN Ocean Conference

    Source: WTO

    Headline: Trade critical to ocean sustainability — DG Okonjo-Iweala at UN Ocean Conference

    DG Okonjo-Iweala highlighted that trade and the WTO can play a key role in harnessing the opportunities from the blue economy and in protecting the oceans’ resources. Underscoring the blue economy’s estimated annual value of over USD 2.6 trillion, she stressed: “The ocean is vital for our food, livelihoods and the health of our planet. More than 3 billion people either directly or indirectly rely on the oceans for their livelihoods.” She also emphasized the importance of the oceans in helping many WTO members meet their development objectives, including coastal and small island developing states (SIDS).
    Noting that marine and coastal ecosystems are threatened by climate change, biodiversity loss and marine pollution, including plastics pollution, she said that conserving and sustainably managing ocean resources is absolutely critical. “Business as usual is not an option” she said, stressing that a coherent approach that connects trade, finance and investment can help unlock inclusive, sustainable growth from the ocean economy.
    DG Okonjo-Iweala said the WTO can support decarbonization efforts by reducing trade barriers and facilitating the cross-border diffusion of environmentally friendly goods, services and technology for maritime shipping and for harnessing renewable energy from the oceans. The WTO also provides a forum for members to share experiences on the trade impact of environmental measures, she noted.
    Highlighting the important role the UN Ocean Conference (UNOC) plays in reinforcing international co-operation for the good of the world’s oceans and those who depend on its resources, DG Okonjo-Iweala stressed the importance of eliminating harmful fisheries subsidies to preserve ocean resources. WTO members have taken a first important step by adopting the Agreement on Fisheries Subsidies in June 2022, she said, noting that only 10 more ratifications are needed for its entry into force – so far 101 members have already ratified.
    DG Okonjo-Iweala was speaking at the opening high-level panel dedicated to conserving, sustainably managing and restoring marine and coastal ecosystems, including deep-sea ecosystems. Her address can be viewed here.
    DG Okonjo-Iweala also joined a high-level occasion hosted by France’s President Emmanuel Macron for heads of state and other dignitaries to celebrate World Ocean Day on 8 June.
    On 13 June, the WTO Secretariat will organize a side-event titled “Sustainable fisheries: The role of trade from oceans to plate”, co-organized with the United Nations Food and Agriculture Organization (FAO), United Nations on Trade and Development (UNCTAD) and UNOC co-hosts France and Costa Rica. The event will be opened by WTO Deputy Director-General Angela Ellard, Costa Rica’s Minister of Foreign Affairs Arnold André Tinoco, and France’s Minister of Maritime Affairs and Fisheries Agnès Pannier-Runacher. The discussion will feature experts from international organizations, the private sector, civil society and academia.
    DDG Angela Ellard will deliver a keynote address on 13 June at a session entitled “The WTO Agreement on Fisheries Subsidies and its Benefits: Perspectives from Science, Economics and Small-Scale Fishers” hosted by the Stop Funding Overfishing Coalition.
    The WTO Secretariat will also participate at panels and side-events during the UN Ocean Conference, and at special events such as the Blue Economy and Finance Forum.
    The WTO Fish Fund opened a Call for Proposals on 6 June, inviting developing and least-developed country (LDC) members that have ratified the Agreement on Fisheries Subsidies to submit requests for project grants aimed at helping them implement the Agreement. More information can be found here.
    Information on UNOC is available here.

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  • MIL-OSI NGOs: Resisting Dependency: U.S. Hegemony, China’s Rise, and the Geopolitical Stakes in the Caribbean

    Source: Council on Hemispheric Affairs –

    By Tamanisha J. John

    Toronto, Canada

    Introduction

    The Caribbean region is an important geostrategic location for the United States, not only due to regional proximity, but also due to the continued importance of securing sea routes for trade and military purposes. It is the geostrategic location of the Caribbean that has historically made the region a target for domineering empires and states. As both geopolitical site and geostrategic location, U.S. foreign policy articulations of Caribbean people and the region have been effectively contradictory, but the contradiction has allowed the U.S. to maintain its hegemonic position: Caribbean peoples in U.S. foreign policy are rendered backwards, unstable, and dangerous or targets of xenophobic harassment; while the physical region is rendered as a place where U.S. foreign policy must maintain one-sided power relations, lest these sites come under the influence of other states that the U.S. views as impinging upon its sphere of influence. One can most readily look to Haiti to see these contradictory dynamics at play. Haiti has not had democratic elections for two decades and instead has been under United Nations (UN) sanctioned “tutelage” or occupation via the CORE group, of which the U.S. is a part.[i] Over the past two decades, Haiti has been subject to a massive influx of U.S. manufactured weapons that fuel gun violence and murder in the country.[ii] Meanwhile those Haitians fleeing this violence to the U.S. have been met with whips at the U.S.-Mexico border, deportation flights from the U.S., and dehumanizing mythological hysteria accusing Hatians of  “eating pets.”[iii]

    Given the domineering impact of the U.S. and its allies in Canada and Europe in the Caribbean region, states in the region remain deeply dependent on foreign investment and tourism from these powers. ‘Foreignization’ of Caribbean economies makes it hard for the peoples of the region to make a living. Many Caribbean governments, neoliberal in orientation, willingly support this dependent development scheme by promoting migration for remittances, service industries for tourism, and temporary foreign worker schemes abroad due to lack of worthwhile opportunities at home. A large part of what maintains this dependent relationship—that many would find to be demeaning in most circumstances—is the securitization of the Caribbean region by the U.S. and its allies, as well as the invocation of “shared cultures,” rooted in colonial histories which continue to impose multiple hierarchies of domination on Caribbean peoples.

    Washington’s aim of permanent hegemony in the region is being challenged by an increasingly multipolar world, and this accounts for the US attempt to limit China’s influence in the Caribbean. For example, U.S. tariff assaults on the People’s Republic of China (PRC) stems from U.S. insecurities about China’s economic growth alongside its manufacturing and technological developments.[iv] China’s extension of infrastructural, technological, and other tangible material developments to states lower down on the global value chain, and at smaller costs to them is referred to by the U.S. and other western policy makers as “China’s growing influence.” This includes states in the Caribbean, which have not only become consumers of products from China but have also increased their exports to China since the 2010s. Unsurprisingly, the U.S. fears that China is gaining too much influence in the Caribbean given its developmental hand there. Although the U.S. is not directly competing with China on development initiatives, Washington’s reluctance to support meaningful progress in the Caribbean—where U.S. corporations continue to profit from structural underdevelopment—has led it to pursue strong-arm diplomacy as a symbolic stand against China instead.

    China’s alternative to dependent development challenges Western Hegemony in the Caribbean

    Western capitalist modernity, as an ideological, political, and socioeconomic project, is threatened by improvements to the global value chain. The issue at hand is that the U.S. and the Western-led capitalist system have long relegated states of the ‘Global South’ to lower positions on the global value chain. This has rendered development elusive for many states, to the sole benefit of Western corporations and their allies. Lack of development in places like the Caribbean, Africa, Asia, and Latin America actually benefits capitalist enterprises headquartered in the ‘Global North’ which extract surplus value by exploiting cheap natural resources, labor, and land in these regions. China’s accelerated advancement within the global value chain—alongside the rise of other partner states positioned lower on that chain—has not depended on economic or political subordination to the west. This trajectory is actively interpreted as eroding Western hegemonic dominance—even as the improved developments of states like China within the global value chain, have expanded global capitalism. Since 2018, the U.S. tariff assault on China, which has intensified under the second Trump administration, is a direct response to China’s economic growth propelled by China’s added value to the global value chain. In essence, the fear is China’s rise, while not reliant on the west, has made the West more reliant on importing cheap products and manufactured goods from China.

    After the global 2007/8 financial crisis, China’s expressed strategy was to diversify its exports and import markets through helping other states improve their own conditions in the global trade value system. This of course, was due to the negative impacts felt by China in its export markets from the 2008 global financial crisis. Since then, China has increased the internal demand within China for Chinese goods, which also saw the purchasing power of Chinese citizens rise. This helped the growth of a middle class in China, and also allowed the Communist Party of China (CPC) to think more broadly about its continued growth strategy. By the early 2010s China sought to develop a wider external market that was not dependent on the U.S. and the other Western states. As China began formulating a broader development strategy, the growing purchasing power of Chinese citizens made the U.S. and other Western countries increase demands on China to have unfettered access to China’s internal market. The 2010s thus became rife with false accusations by Western commentators of China manipulating its currency to amass reserve wealth, and maintain competitive exports[v] – which helped to spark Trump’s trade assault on China in 2018, and again during the second Trump administration in 2025.

    While conversations in the West hinged on conspiracy, the CPC acknowledged that neither internal consumption nor reliance on the U.S. and Western markets would promote long-term sustainable development and growth of China’s economy. Greater emphasis was placed on increasing and improving relations with other developing states. In essence, helping the development of states lower down on the global value chain would be necessary—in order to make them consumers (thus importers)—of products from China. This became part of China’s long-term strategy to diversify its import and export markets. Thus, after the 2008 global financial crisis and especially after 2010, China’s investment in places like the Caribbean had a marked and noticeable increase. A decade later, this strategy has proven beneficial to China’s growth and development – as well as to growth and development of other developing countries in Africa, Asia, Latin America and the Caribbean with more states engaging in, and pursuing trade and other relations with, China.

    The impact of U.S. tariffs and fees on the Caribbean

    Despite growing U.S. security concerns over China’s engagement in the Caribbean, the region remains largely dependent on the United States, and Caribbean states consistently run trade deficits in favor of the U.S. These trade deficits usually come at the expense of local Caribbean growers, producers, and artisans. According to Sir Ronald Sanders, Antigua and Barbuda’s Ambassador to the United States: “In 2024, the United States ran a $5.8 billion trade surplus with CARICOM as a whole. For a tangible illustration, Antigua and Barbuda’s imports from the U.S. exceeded $570 million, while its exports in return were a mere fraction of that total.”[vi] Given Caribbean regional economic dependence on the U.S., Canada and Europe, many Caribbean people seeking employment and/or asylum opportunities typically see the U.S. as a destination of choice, contributing to the large Caribbean diasporic communities in North America and Europe. These Caribbean diasporic communities not only send remittances and goods back to their home countries to support family, friends, and communities – but also facilitate Caribbean state’s exports into the U.S. It is important to underscore these dynamics, as the longstanding U.S.-Caribbean relationship—rooted in dependency—remains firmly entrenched, despite growing investments in the region from China.

    The U.S. tariff assault on China extended into a wider tariff assault by the U.S. against multiple countries, including states in the Caribbean. By April 3, 2025 the U.S. had imposed tariffs on 24 Caribbean countries: a 10% tariff on 23 of them,[vii] and a 38% tariff on Guyana[viii]—a Caribbean nation with extensive relations with China[ix]—excluding its exports of oil (dominated by U.S. and other foreign corporations), gold, and bauxite. The U.S. tariffs on Caribbean states—levied amid fragile post-pandemic recovery and lingering hurricane damage—underscores a troubling, though not surprising indifference to the region’s economic vulnerability and ongoing efforts toward stabilization and renewal.[x] During this time, the U.S. introduced a series of tariff increases on China, peaking at a 145% tariff after April 10, 2025, before settling on a 10% rate through an agreement reached on May 13, 2025.[xi] In addition to the tariffs that Washington placed on China, the U.S. also announced that it would issue port fees on Chinese built ships entering U.S. ports. In all, these tariffs and fees being imposed by the U.S. meant that there would likely be negative impacts borne by Caribbean states that import U.S. goods, and Caribbean states that export goods to China. The overall impact of the tariffs and fees would be two-fold: First, U.S. consumers of goods imported from the Caribbean would have to pay more to access those goods. Second, increased costs accrued to Caribbean state’s importing U.S. goods due to port fees, would make it more cost effective for those Caribbean states to import more goods directly from China. However, in the immediate term, Sino-Caribbean trade, lacking established relationships on a wide range of import products, has the potential to lead to import shortages – particularly of food and other essential imports from the U.S.—in the Caribbean. Given global backlash from the shipping industry, the U.S. revised and changed its decision regarding port fees a week later,[xii] and three weeks later, on April 28, it reduced the tariff on Guyana to 10%.

    Political commentators recognize, contrary to the denials by the Guyanese government, that the initially high tariffs placed on Guyana were motivated by U.S. tensions with China. According to former Guyanese diplomat, Dr. Shamir Ally,[xiii] and Guyanese political commentator, Francis Bailey, Guyana “is caught in a geopolitical battle between the US and China. Or more specifically – Washington objects to Beijing’s “very strong foothold” in Guyana.”[xiv] This was made clear, when prior to the Trump administration’s announcement of the tariff’s on Guyana, Guyanese President, Irfaan Ali, pledged that the U.S. would “have some different and preferential treatment” from Guyana[xv]— given a shared stance between the two countries in relation to Venezuela.[xvi] This pledge by Guyana’s president took place within the context of the U.S. Secretary of State Marco Rubio’s visit to the Caribbean, during which Rubio chastised the construction of infrastructure in Guyana that he deemed subpar, and alleged must have been built by China, even though it was not.[xvii] These kinds of geopolitical posturing by Washington stoke antagonisms, ignoring the negative impacts of Caribbean dependency, including that of Guyana. Caribbean economic dependency on the U.S. (Europe and Canada) will not be completely ameliorated by China, and neither will China be able to fill the role of the West for Caribbean exporters who, given histories of enslavement, indentureship, and colonialism, rely on diasporic taste and preferences for ‘niche’ exports (e.g., artisan goods, arts, entertainment). Given the high degree of U.S., Canadian, and European ownership in the Caribbean’s industrial and manufacturing sectors, the region’s capacity to produce “finished products” on an exportable scale remains limited. Despite the continued dependency relation of Caribbean states on U.S. markets, however, China can positively impact Caribbean economies by helping to diversify their trading partners, and by increasing local opportunities for people within Caribbean states, based on the kinds of new (or improved) infrastructure typically developed in partnerships with China.

    Though on the rise, the trade relationship between China and states in the Caribbean is still quite limited. Caribbean states that are a part of the Caribbean Community (CARICOM) saw a notable increase in their exports to China, from less than 1% of their total exports in the 1990s and 2000s, to between 1% and 6 % of exports going to China after the 2010s.[xviii] The majority of exports from the Caribbean to China from the 2010s forward have been agricultural and mineral in nature. Alongside the growing export potential of CARICOM states to China since the 2010s, there has also been an increase in Caribbean states importing Chinese goods. States such as Antigua and Barbuda, Dominica, Guyana, Jamaica, and Suriname import about 10% of their goods from China. On the other hand, states like the Bahamas, Barbados, Grenada, Trinidad and Tobago import less than 10% of their goods from China. The overall trend, then, is that CARICOM states have added some diversification to their trading partners since the 2010s but continue to remain firmly within the Western trading bloc. Given the structured dependency of Caribbean economies, they tend to import more from their trading partners than they export to them. However, as political analyst Daniel Morales Ruvalcaba points out, as a trading partner, China’s commitment to South-South partnerships has meant that trading disparities between itself and CARICOM states are “offset by investments flowing from China to the Caribbean […] broadly categorized into three key sectors: port infrastructure development, resource extraction, and the tourism industry.”[xix] This way of tending to the trade disparity has had beneficial impacts—that can also be seen very visibly by those who live and visit states in the Caribbean. Additionally, China’s investments have not been limited to CARICOM states, or to states that recognize China and not Taiwan. For instance, China invests in Belize, Haiti, St. Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines—these are Caribbean states that recognize Taiwan.[xx]

    While China does not play a dominant import-export role in the Caribbean, given the system of dependency into which the Caribbean is already integrated, it also does not pose a security threat to the Caribbean region, despite Washington’s portrayal of China as a “bad actor.” The PRCs commitment to non-interference makes it extremely unlikely that China would use the Caribbean as a springboard for a security confrontation with Washington and its NATO allies. China does, however, have a strategic partnership with Venezuela, largely limited to a defensive posture given its relations with other states in the region, including the Caribbean. Further, with the large security presence of the U.S. and its allies in the Caribbean, China would have nothing to gain from an offensive military posture in the region. Though self-evident, this explains why the U.S has chosen to frame China’s presence in the Caribbean not in economic terms, but as a technological and geopolitical “threat”—going so far, on multiple occasions, as to allege that China is constructing covert surveillance facilities in Cuba to conduct espionage on the U.S.[xxi]

    The China-Caribbean “threat” from the U.S. Perspective

    In 2018, Washington signaled its intent to limit Chinese investments in infrastructure, energy, and technology abroad; by 2023, U.S. Southern Command identified the Caribbean as a key region where China’s growing economic footprint should be restrained. In its effort to push China out of the Caribbean tech sector, the U.S. has allowed U.S. and other Western companies to develop 5G networks in Jamaica at virtually no cost in the short term—effectively subsidizing the infrastructure to block Chinese involvement and investments in the sector. This campaign has gone so far as to include veiled threats of sanctions toward Jamaica and other regional nations should they pursue connectivity projects with China.[xxii] Since the 1940s, the U.S. has viewed government-controlled economies as threats to the Western capitalist order—a label that readily applies to China. In 2025, the trade offensive against China is markedly more severe, driven by Washington’s explicit goal of curbing the spread and stalling the advancement of China’s high-tech industries—an effort aimed at preserving U.S. dominance in the sector, which is increasingly seen as under threat. The trade war, which began openly during Trump’s first term, has only intensified in his second—driven in part by the growing influence of high-tech capitalists closely aligned with his administration. China’s advances in artificial intelligence, seen with the public release of DeepSeek AI, has only accelerated the U.S. assault.

    According to  U.S. and other pro-Western security analysts who view China as a “threat” in the Caribbean, this threat manifests in three primary ways. First, they point to China’s development of internet-based infrastructure in Caribbean nations which they claim enables Chinese espionage operations that target the U.S. from within the region. Second, they highlight the fact that most Caribbean states recognize the People’s Republic of China, rather than Taiwan, under the One-China policy—a position they attribute to questionable dealings with Beijing, rather than to the exercise of Caribbean political agency in matters of state recognition. And lastly, the Belt and Road Initiative (BRI) is portrayed as a nefarious development scheme that allows China to assert its influence globally. Notably, these accusations that form the “threat” narrative amongst U.S. and other pro-Western security advocates don’t hold up against the slightest scrutiny.

    First, there is no evidence that there are “Chinese spy bases” in Cuba or in any other country in the Caribbean—despite these accusations being levied by both Trump White Houses, and various U.S. Republican politicians in Florida.[xxiii] Second, the PRC does invest in, and maintain diplomatic relations with, Caribbean states that recognize Taiwan.[xxiv]  This suggests that the PRC does not force a One-China policy on states in the Caribbean with which it has cooperative relations. Commenting on Sino-Caribbean relations, Caribbean leaders themselves often note that the recognition of China and not Taiwan is due to support for China safeguarding its sovereignty and territorial integrity, of which they include national reunification.[xxv] Ultimately, the alleged “nefarious” nature of the Belt and Road Initiative stems from its core premise: that developing countries receive meaningful support from China to pursue their own development goals. Such efforts inevitably draw scrutiny from the U.S. and the Westbroadly, as genuine development in the ‘Global South’ is often perceived as a challenge to Western capital and hegemony. The BRI also encourages signatory states to build greater regional relationships with their Caribbean neighbors. It reflects a highly agentic approach, in stark contrast to the traditional way U.S. and other Western initiatives are typically implemented.

    Ultimately, the BRI is seen as a threat by Western policymakers because they would prefer China not pursue its own global initiatives. Given that the BRI also supports states in developing technological infrastructure and other advancements—with backing from China—these efforts are viewed by the U.S. as a strategic threat, ensuring the initiative will remain a target of sustained opposition. In the Caribbean, the U.S. push to end their tech relations with China comes off as brash, given that U.S. technology investments in the region have declined since the mid-1990s, while China technology investments have increased.[xxvi] In fact, the U.S. (and its Western allies) seem to only understand China’s investments, including the BRI, as lost market share. In essence, Washington and its Western allies seek to control economic development in the region. Two years ago for COHA, John (2023) argued that the U.S. and its allies were increasing their “diplomatic” presence in the Caribbean to maintain geostrategic influence, given China’s growing economic investments there.[xxvii] John maintained that the dismal track record of capitalism—led first by the Western European powers and later by the United States—has entrenched Caribbean states in a position of structural dependency within the global capitalist system. Key features of this dependency include persistently high levels of unemployment, underemployment, poverty, and a heavy reliance on labor exportation. This dependence made the region very receptive to Chinese investment.

    John (2023) concluded that influence is gained only where it aligns with local interests—and that investments from the PRC stood in stark contrast to Western strategies, which for decades have indebted Caribbean states, privatized their economies in ways that deepened foreign control, and consistently disregarded regional calls for reparations. This track record, it was argued, would only lead to increased militarization in the Caribbean by the U.S. and its Western allies, who have no tangible goal of helping Caribbean states to develop—but want confrontation with China. Two years later and the concluding remarks still stand.

    Concluding Remarks: Dependent Development is the price of Western Capitalism in the Caribbean

    In the Caribbean, the U.S. and its Western allies have long profited from—and perpetuated—the notion that foreignization is the norm. This extends beyond economic structures to encompass both domestic and foreign policies that effectively surrender the state, and its people, to massive  exploitation by foreigners. Some governments and local elites have been brought on as “shareholders” to maintain this backwards dependent status. That is because imperialism, especially in the Caribbean, has always been intent on establishing what Cheddi Jagan called “a reactionary axis in the Caribbean.”[xxviii] U.S. ‘influence in the Caribbean region has historically centered around controlling the “backwardness” and “unstableness” of its people, in order to keep U.S. geostrategic and geopolitical interests intact. This is done in conjunction with Caribbean political elites, who subject their own Caribbean populations in perpetual servitude to Western capital. Caribbean neoliberal states have a disregard for the rights of their citizens (and diaspora), favoring almost exclusively (and predominantly) Western foreign corporations and wealthy individuals. Cuba, however, stands out as an exception to this trend, and this is why it has been under relentless attack by Washington for more than 62 years.  It is important to point this out, given that some in the Caribbean political elite classes also share the same regressive rhetoric from the Westabout the “threat of China” to produce reactionary mindsets and views amongst large swaths of Caribbean people— so that their hand in maintaining Caribbean dependency is not critiqued.

    Caribbean people struggling to improve their societies for the better are continuously warned by the U.S. and its Western and Caribbean allies that they must maintain themselves in a dependent position. The truth is: So long as the majority of individual Caribbean states are importing finished products and agricultural goods from the U.S., Canada, and Europe—and to a smaller extent now China—the Caribbean will never have trade surpluses with these states. Lack of local businesses and the foreignization of Caribbean economies compound this contradiction that is perpetuated by the entrenched Western-led economic system. Political elites in the Caribbean frequently disregard local protests and locally developed alternatives that could threaten Western foreign corporations and investment. There is a real need for enhanced regional integration for Caribbean people, not only states, to improve their lot within the prevailing system. People will continuously be let down by formations like CARICOM, so long as these associations are dominated by Western development frameworks and have individual member states who care more about aligning their security interests with the West instead of their own region. While neoliberalism in the Caribbean is often attributed to structural constraints and the limited capacity of states to regulate foreign capital, such explanations fail to account for the extent to which Caribbean governments have themselves normalized and actively advanced neoliberal policy frameworks. The promotion of neoliberal policies both prolongs, and makes systemic, foreign dependence and domination.

    U.S. fear mongering about China in the Caribbean is propaganda. It only serves to prevent people from questioning why Caribbean states are dependent and why there is rampant foreignization of Caribbean economies. Who owns these corporate entities that make life hard in the Caribbean? The “threats” from the U.S. perspective boil down to the fact that China, in the Caribbean, is taking advantage of Western policies that make the Caribbean exploitable. It is often noted—and indeed observable—that China imports its own labor for development projects in the Caribbean. However, this practice is neither new nor unique; countries such as the United States, Canada, and various European powers have long employed similar strategies. Understandably, this reliance on imported labor has generated frustration among Caribbean populations, particularly given the region’s high levels of unemployment and underemployment. Many local workers are both willing and able to acquire the necessary skills and trades to work on infrastructure and development projects that come to the region. Local Caribbean firms and entrepreneurs would also seize the opportunity to participate in these projects—including local sourcing of materials. But this beneficial type of development is not presently feasible given how Western capitalists have integrated Caribbean states into the global capitalist system.

    The efforts of the Trump administration to cast China as a security threat in the Caribbean and to portray doing business with China as a security risk, have largely been unsuccessful. In the Caribbean, China simply takes advantage of Western policies that have made the region highly favorable and open to foreign investment, foreign entrepreneurs, and government dealings—in the form of Memorandums of Understanding (MOU) and Letters of Agreement (LOA)—with other states and corporations. The acceptance of these MOUs and LOAs receive minimal, to no input from Caribbean citizens. Debt traps have been normalized in the Caribbean by the Western capitalist system, making the Caribbean one of the most highly indebted regions in the world. Today, propagandists tend to invoke the myth of the  “Chinese debt-trap” to attribute to China this false label of being engaged in “debt trap diplomacy”—a term popularized in 2018 during the first trade assault against China.[xxix] In response to this myth, progressive commentators tend to highlight that China forgives a lot of debt, and has even helped Caribbean states to restructure debts owed to various financial institutions.[xxx] However, the biggest elephant in the room is that even if China ceased to exist in the Caribbean region, the region would still be one of the most indebted within the Western capitalist system. The debt-trap narrative not only deflects attention from the significant role Western powers have played in producing Caribbean indebtedness, but also unjustly shifts the burden onto China to forgive obligations for which Western capital is responsible.[xxxi] Lack of transparency in investment agreements and investor tax benefits, including profit repatriation, in the Caribbean has been normalized by laws first written by various European empires and later by Western capitalists that crafted structural adjustment policies. Yet, such arrangements, historically established by U.S. and Canadian capital interests, are often rebranded as evidence of corruption within the China–Caribbean relationship. Those concerned with the persistence of Caribbean dependency should critically engage with its structural causes and actively challenge Western propaganda regardless of the source from which it emanates.

    Endnotes

    [i] Pierre, Jemima. 2020. “Haiti: An Archive of Occupation, 2004-.” Transforming Anthropology 28(1): 3–23. doi: https://doi.org/10.1111/traa.12174.

    [ii] Kestler-D’Amours, Jillian. “‘A Criminal Economy’: How US Arms Fuel Deadly Gang Violence in Haiti.” Al Jazeera, March 25, 2024. web: https://www.aljazeera.com/news/longform/2024/3/25/a-criminal-economy-how-us-arms-fuel-deadly-gang-violence-in-haiti.

    [iii] Mack, Willie. Haitians at the Border: The Nativist State and Anti-Blackness. Carr-Ryan Commentary. Harvard Kennedy School, 2025. web: https://www.hks.harvard.edu/centers/carr-ryan/our-work/carr-ryan-commentary/haitians-border-nativist-state-and-anti-blackness.

    [iv] Ziye, Chen, and Bin Li. “Escaping Dependency and Trade War: China and the US.” China Economist 18, no. 1 (2023): 36–44.

    [v] Wiseman, Paul. “Fact Check: Does China Manipulate Its Currency?” PBS News, December 29, 2016. https://www.pbs.org/newshour/world/fact-check-china-manipulate-currency.

    [vi] Loop News. “More Caribbean Countries Respond to New US Tariffs,” April 4, 2025, sec. World News. https://www.loopnews.com/content/more-caribbean-countries-respond-to-new-us-tariffs/.

    [vii] TEMPO Networks. “Here Are All The Caribbean Countries Hit By Trump’s New Tariffs.” Tempo Networks, April 3, 2025, sec. News. https://www.temponetworks.com/2025/04/03/here-are-all-the-caribbean-countries-hit-by-trumps-new-tariffs/.

    [viii] Grannum, Milton. “Oil, Bauxite, Gold Exempt from US Tariff.” Stabroek News, April 4, 2025, sec. Guyana News. https://www.stabroeknews.com/2025/04/04/news/guyana/oil-bauxite-gold-exempt-from-us-tariff/.

    [ix] Handy, Gemma. “Was China the Reason Guyana Faced Higher Trump Tariff?” BBC, April 28, 2025. https://www.bbc.com/news/articles/cjeww5zq88no.

    [x] John, Tamanisha J. 2024. “Hurricane Unpreparedness in the Caribbean, Disaster by Imperial Design.” Council on Hemispheric Affairs (COHA). The Caribbean. https://coha.org/hurricane-unpreparedness-in-the-caribbean-disaster-by-imperial-design/.

    [xi] Grantham-Philips, Wyatte. “A Timeline of Trump’s Tariff Actions so Far.” PBS News, April 10, 2025, sec. Economy. https://www.pbs.org/newshour/economy/a-timeline-of-trumps-tariff-actions-so-far.

    [xii] Saul, Jonathan, Lisa Baertlein, David Lawder, and Andrea Shalal. “United States Eases Port Fees on China-Built Ships after Industry Backlash.” Reuters, April 17, 2025, sec. Markets. https://www.reuters.com/markets/global-shippers-await-word-us-plan-hit-china-linked-vessels-with-port-fees-2025-04-17/.

    [xiii] Credible Sources interview on February 26, 2025. Guyana in U.S.-China Crossfire? Ex-Diplomat Weighs In, 2025. https://www.youtube.com/watch?v=UtCNBiKdj-0

    [xiv] Handy, Gemma. “Was China the reason Guyana faced higher Trump tariff?” BBC, April 28, 2025. https://www.bbc.com/news/articles/cjeww5zq88no.

    [xv] Chabrol, Denis. “Guyana Pledges ‘Preferential’ Treatment to US.” Demerara Waves, March 27, 2025, sec. Business, Defence, Diplomacy. https://demerarawaves.com/2025/03/27/guyana-pledges-preferential-treatment-to-us/.

    [xvi] John, Tamanisha J. “Guyana, Beware the Western Proxy-State Trap.” Stabroek News, December 25, 2023, sec. In The Diaspora. https://www.stabroeknews.com/2023/12/25/features/in-the-diaspora/guyana-beware-the-Western-proxy-state-trap/.

    [xvii] Foreign Ministry Spokesperson Guo Jiakun’s Regular Press Conference on April 3, 2025. Beijing Says That Road in Guyana Criticised by Rubio Is Not Built by China, 2025. https://youtu.be/6gljwDyW1qk?si=2QXhDUythljBsIcJ.

    [xviii] Morales Ruvalcaba, Daniel. 2025. “National Power in Sino-Caribbean Relations: CARICOM in the Geopolitics of the Belt and Road Initiative.” Chinese Political Science Review 10: 28–48. doi: https://link.springer.com/article/10.1007/s41111-024-00252-4.

    [xix] Ibid.

    [xx] Ibid. 

    [xxi] Qi, Wang. “Hyping Chinese ‘spy Bases’ in Cuba Slander; Shows US’ Hysteria: Expert.” Global Times, July 3, 2024. https://www.globaltimes.cn/page/202407/1315376.shtml.

    [xxii] Pate, Durrant. “US Warns Jamaica against Chinese 5g.” Jamaica Observer, October 25, 2020. https://www.jamaicaobserver.com/2020/10/25/us-warns-jamaica-against-chinese-5g/.

    [xxiii] Belly of the Beast. Investigative Report. May 30, 2025. Big Headlines, No Proof: Inside the Hype Over “Chinese Spy Bases”  https://www.youtube.com/watch?v=CF87JJp8WIo

    [xxiv] Bayona Velásquez, Etna. “Chinese Economic Presence in the Greater Caribbean, 2000-2020.” In Chinese Presence in the Greater Caribbean: Yesterday and Today, 599–661. Santo Domingo, Dominican Republic: Centro de Estudios Caribeños (PUCMM), 2022.

    [xxv] Loop news. “T&T, Caribbean countries pledge support for One China policy.” May 6, 2022. https://www.loopnews.com/content/tt-caribbean-countries-pledge-support-for-one-china-policy/

    [xxvi] Ricart Jorge, Raquel. “China’s Digital Silk Road in Latin America and the Caribbean.” Real Instituto Elcano, April 21, 2021, sec. Latin America. https://www.realinstitutoelcano.org/en/commentaries/chinas-digital-silk-road-in-latin-america-and-the-caribbean/.

    [xxvii] John, Tamanisha J. 2023. “US Moves to Curtail China’s Economic Investment in the Caribbean.” Council on Hemispheric Affairs (COHA). https://coha.org/us-moves-to-curtail-chinas-economic-investment-in-the-caribbean/.

    [xxviii] Jagan, Cheddi. “Alternative Models of Caribbean Economic Development and Industrialisation.” In Caribbean Economic Development and Industrialisation, 3 (1):1–23. Hungary: Development and Peace, 1980. https://jagan.org/CJ%20Articles/In%20Opposition/Images/3014.pdf.

    [xxix] Chandran, Rama. “The Chinese “Debt Trap” Is a Myth.” China Focus, August 26, 2022,  http://www.cnfocus.com/the-chinese-debt-trap-is-a-myth/

    [xxx] Hancock, Tom. “China renegotiated $50bn in loans to developing countries: Study challenges ‘debt-trap’ narrative surrounding Beijin’s lending.” Financial Times, April 29, 2019, https://www.ft.com/content/0b207552-6977-11e9-80c7-60ee53e6681d

    [xxxi] Kaiwei, Zhang and Xian Jiangnan. “So-called “debt trap” a Western rhetorical trap.” China International Communications Group (CN) , September 14, 2024, https://en.people.cn/n3/2024/0914/c90000-20219659.html

    Featured image: Chinese Foreign Minister Wang Yi (centre) poses for a group photograph with representatives from the Caribbean countries that share diplomatic relations with China, May 12, 2025, at the Diaoyutai State Guesthouse, Beijing
    (Source: Chinese State Media)

    Tamanisha J. John is an assistant professor in the Department of Politics at York University and a member of the US/NATO out of Our Americas Network zoneofpeace.org/ 

    MIL OSI NGO

  • MIL-OSI USA: Department of Labor recovers $101K in wages, damages for 31 employees of Houston plumbing contractor owed overtime

    Source: US Department of Labor

    HOUSTON – The U.S. Department of Labor has recovered $101,690 in back wages and damages owed to 31 employees of a Houston plumbing contractor who paid them a salary but failed to pay an overtime premium for hours over 40 in a workweek.

    Investigators with the department’s Wage and Hour Division determined Amailey Plumbing LLC categorized service technicians and apprentice helpers as salaried employees and did not pay them the correct overtime rate as required by the Fair Labor Standards Act. The division calculated that the contractor owed $50,845 in back overtime wages and an equal amount in damages.

    “The U.S. Department of Labor is committed to making sure every worker receives their rightfully earned wages,” said Wage and Hour Division District Director Chad Frasier in Houston. “The outcome in this case should remind other employers to evaluate their pay practices in order to avoid sometimes costly compliance issues. Employers are encouraged to contact the Wage and Hour Division if they have any questions about compliance.”

    Founded in 2008, Amailey Plumbing LLC offers plumbing services in the Houston area for new home construction, routine system cleaning, maintenance, repair, and response for plumbing emergencies. 

    Learn more about the Wage and Hour Division, including a search tool to use if you think you may be owed back wages collected by the division. Workers and employers can call the division’s toll-free helpline for assistance at 866-4US-WAGE (487-9243). 

    Download the agency’s free Timesheet App for iOS and Android devices to ensure hours and pay are accurate. 

    MIL OSI USA News

  • MIL-OSI USA: VIDEO: Capito Opening Statement at Hearing to Review NIH Budget Request

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    [embedded content]
    Click here or on the image above to watch Chairman Capito’s opening remarks from the hearing. 
    WASHINGTON, D.C. – Today, U.S. Senator Shelley Moore Capito (R-W.Va.), Chairman of the Senate Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies (Labor-HHS), chaired a hearing with Dr. Jay Bhattacharya, M.D., the Director of the National Institutes of Health (NIH) to review the president’s Fiscal Year 2026 budget request.  
    Below is the opening statement of Chairman Capito as prepared for delivery: 
    “Good morning. Dr. Bhattacharya, congratulations on your new role as Director of the NIH. Thank you for appearing before the subcommittee today to discuss how the fiscal year 2026 budget proposal will continue efforts from NIH to reduce illness, enhance health and lengthen the lives of all Americans. 
    “My home state of West Virginia is faced with many complex health challenges. I know that if we work together, make wise investments and focus on what really matters, we can create positive momentum towards eliminating those challenges. 
    “Fostering NIH collaboration with smaller and rural states is critical, and one of the strengths of the NIH IDeA Program. This program provides funding to 23 states—including West Virginia—that historically have received little to no federal research funding.  
    “The IDeA program and other NIH funding streams have been instrumental for Marshall University, West Virginia University, and other institutions in my state in developing world-class research in neuroscience, cancer, stroke, vision, and addiction science. 
    “Researchers throughout West Virginia are making significant contributions to biomedical research in areas ranging from cancer to Alzheimer’s disease to substance use disorders. 
    “I look forward to hosting you in West Virginia soon to see first-hand all of the amazing research being done across the state. 
    “This will be a challenging year for appropriations, yet supporting biomedical research is a priority for me and has long been a bicameral, bipartisan priority for Congress.
    “The United States leads the world in biomedical innovation and I, along with many of my colleagues on this committee, think it is important America remains the leader in biomedical innovation and research. Investing in biomedical research has proven to save lives while exponentially strengthening the U.S. economy. I look forward to hearing from you how this budget request would continue to advance this critical research and innovation.
    “The NIH is a driver of economic growth, funding more than $94.58 billion in national economic activity last year.
    “In West Virginia, NIH supported over 700 jobs and $147 million in economic activity in 2024 alone.  
    “For almost a decade, this committee has supported research toward the goal of finding treatments and a cure for Alzheimer’s disease. This goal is very personal to me since both of my parents lived with and eventually succumbed to the disease.  
    “These investments have allowed NIH to fund research into a wide variety of potential causes of the disease, and build evidence for prevention based on a healthy lifestyle. NIH-funded research on the amyloid protein led to the development of FDA-approved Alzheimer’s drugs in 2023 and 2024 to slow progression of the disease.  
    “All of this research is important, and I look forward to working with you to continue robust and diversified Alzheimer’s disease research. 
    “NIH-funded research is also behind many of the more than 600 new cancer treatments that the FDA has approved over the last 20 years. 
    “As a lead sponsor of the Childhood Cancer STAR Act, I look forward to hearing about your priorities and advancements to combat cancer and grow our clinical trial networks – especially among children. 
    “Although we are making positive strides, substance abuse remains an issue in my state. I look forward to hearing more from you about how combining the National Institute on Drug Abuse into a new National Institute on Behavioral Health will enable that important work to continue.
    “I have heard from many University leaders – from schools ranging in size, location, and subject – about the impact of changes being implemented at NIH. These institutions are the reason America has kept the edge in biomedical innovation.
    “As with any change in leadership, there seems to be a heightened sense of concern and confusion that diverting resources from research will result in a less healthy America. And I hope today we can work to come to a better understanding. 
    “We have a difficult task ahead of us this year, but it is my hope that we will come together, just as we have done in prior fiscal years, to use our limited resources in the most efficient and effective way to support the health and well-being of all Americans. 
    “Dr. Bhattacharya, I look forward to your testimony.”

    MIL OSI USA News

  • MIL-OSI USA: Lee Condemns Comey’s Death Threat Against President Trump

    US Senate News:

    Source: United States Senator for Utah Mike Lee
    WASHINGTON – U.S. Senator Mike Lee (R-UT) introduced a resolution condemning former FBI Director James Comey for inciting violence against President Donald Trump in a recent social media post. In response to Comey’s reckless threat on the President’s life, the resolution condemns his incitement of violence, bars Comey from future employment by the federal government, and calls for investigations by the Department of Justice and the Department of Homeland Security into Comey’s threats. The resolution was cosponsored by U.S. Senator Josh Hawley (R-MO), and a companion resolution was led by Reps. August Pfluger (R-TX) and Laurel Lee (R-FL) in the U.S. House of Representatives.
    “For the former FBI director to be amplifying threats against the President of the United States is disgraceful,” said Senator Mike Lee. “President Trump has been targeted in two assassination attempts and wounded in one, which killed Corey Comperatore. Congress should unite to condemn Jim Comey in the strongest terms.”
    “As violent riots rage across Los Angeles, it has never been more important to have leaders in Washington that are prepared to defend the rule of law and uphold our shared values,” said Rep. August Pfluger, Chairman of the Republican Study Committee. “James Comey’s reckless incitement of violence is another reminder of how dangerous it is when former public officials prioritize politics over the values our nation was founded upon. This bicameral resolution demands the accountability and transparency the American people deserve, ensuring Comey never again holds a position of public trust.”
    “For years, we’ve heard accusations from the Left about so-called dangerous rhetoric. But now, former FBI Director James Comey—the same official who helped launch the discredited Russia collusion hoax —is engaging in rhetoric that carries an implicit threat against President Trump. As a former federal prosecutor and judge, I take this very seriously. James Comey should never again hold a position of public trust in the United States Government, and we formally urge the Department of Justice to investigate whether his conduct violates applicable laws. The American people deserve equal justice—not selective outrage. If we are to preserve the rule of law, then even those who once led law enforcement must be held accountable.” – Representative Laurel Lee
    Resolution
    A resolution condemning James B. Comey, former Director of the Federal Bureau of Investigation, for inciting violence against President Donald J. Trump.
    Whereas James B. Comey, former Director of the Federal Bureau of Investigation (in this preamble, referred to as the ‘‘FBI’’), on May 15, 2025, posted an image on Instagram depicting the numbers ‘‘86 47’’ with the cryptic caption ‘‘cool shell formation’’; 
    Whereas this message promotes violence against the sitting President of the United States, Donald J. Trump; 
    Whereas Mr. Comey posted this to his public Instagram account during President Trump’s first overseas trip to the Middle East, jeopardizing his security and invigorating the enemies of the United States abroad;
    Whereas it is indefensible and inexcusable to issue a call for violence against the President of the United States; 
    Whereas Mr. Comey exhibits a clear desire to undermine President Trump; Whereas there have been multiple assassination attempts against President Trump; 
    Whereas former public officials owe a special duty of care not to use their past positions and influence accrued through public service to threaten the lives of their political opponents; and 
    Whereas Congress must hold Mr. Comey accountable for his violations of the public trust and preserve the rule of law to protect our institutions from those that seek to sow discord and promote violence against their political opponents: 
    Now, therefore, be it Resolved, That the Senate— 
    (1) unequivocally condemns James Comey’s ap3 parent incitement of political violence against President Trump; 
    (2) urges the relevant authorities to take every relevant action to ensure that Mr. Comey is never again permitted to serve as an employee of the Federal Government; and 
    (3) requests that the Department of Justice and Department of Homeland Security conduct a full and comprehensive investigation of Mr. Comey’s attempts to incite violence against the President, and release the findings to the relevant committees of Congress and the public.
    Read exclusive coverage from The Daily Signal here.
    See the official resolution text here. 

    MIL OSI USA News

  • MIL-OSI Security: Kansas man indicted for machinegun possession

    Source: Office of United States Attorneys

    WICHITA, KAN. – A federal grand jury in Wichita returned an indictment charging a Kansas man with a firearms offense.

    According to court documents, Leonard Rrapaj, 61, of Topeka, is charged with illegal possession of a machinegun. 

    The Federal Bureau of Investigation (FBI) and the Drug Enforcement Administration (DEA) investigated the case, with assistance from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).

    Assistant U.S. Attorneys Lindsey Debenham and Stephen Hunting are prosecuting the case.

    This case is part of Operation Take Back America (https://www.justice.gov/dag/media/1393746/dl?inline) 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).

    OTHER INDICTMENTS

    Alejandro Espinosa-Hinostroza, 32, a Mexican national residing illegally in Topeka, Kansas, was indicted on one count of illegal alien in possession of a firearm and one count of reentry of a removed alien. Immigration and Customs Enforcement (ICE) and the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) are investigating the case. Assistant U.S. Attorney Stephen Hunting is prosecuting the case.

    An indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
    ###

     

    MIL Security OSI

  • MIL-OSI Security: New Orleans Man Indicted for Attempted Coercion and Enticement of a Minor and Attempted Transmission of Obscene Matter to a Minor

    Source: Office of United States Attorneys

    NEW ORLEANS – Acting U.S. Attorney Michael M. Simpson announced that MARK BROOKS (a/k/a “Baby Nu”) (“BROOKS”) age 35, a resident of New Orleans, was indicted on June 5, 2025 for attempted coercion and enticement of a minor, in violation of 18 U.S.C. ‘ 2422(b) (Count 1), and attempted transmission of obscene matter to a minor, in violation of 18 U.S.C. ‘ 1470 (Count 2).

    According to the indictment, beginning on or about May 1, 2025, and continuing until on or about May 13, 2025, BROOKS attempted to persuade, induce, entice, and coerce an individual he believed to be a fifteen-year-old female to engage in unspecified sexual activity for which a person can be criminally charged.  Additionally, beginning on May 1, 2025, and continuing until on or about May 4, 2025, BROOKS attempted to transfer, by means of interstate commerce, obscene matter to an individual who had not attained the age of sixteen years.

    BROOKS faces a mandatory minimum of ten (10) years in prison and a maximum term of life in prison as to Count One.  He faces a maximum term of imprisonment of ten (10) years as to Count Two.  BROOKS also faces a lifetime of supervised release, up to a $250,000 fine, and can be required to register as a sex offender.  He also faces payment of a $100 mandatory special assessment fee per count.

    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.

    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 United States Attorneys= Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims.  For more information about Project Safe Childhood, please visit www.projectsafechildhood.gov.

    Acting U.S. Attorney Simpson praised the work of the Federal Bureau of Investigation and the Louisiana Attorney General’s Office in investigating this matter.  Assistant United States Attorney Jordan Ginsberg, Chief of the Public Integrity Unit, is in charge of the prosecution.

    MIL Security OSI

  • MIL-OSI Security: Convicted Felon Indicted for Operating Enormous Fentanyl Pill Pressing Lab with Weapons Stash

    Source: Office of United States Attorneys

    ATLANTA – Bartholomew Keeton Harralson, 47, of Atlanta, Ga., was charged earlier today by a federal grand jury seated in the Northern District of Georgia with Possession with the Intent to Distribute Fentanyl, Methamphetamine, Cocaine, Heroin, and Marijuana, Possession of a Firearm in Furtherance of a Drug Trafficking Crime, and Possession of a Firearm by a Convicted Felon.  Harralson allegedly possessed 28 firearms, including a machine gun, and hundreds of thousands of pills containing fentanyl and other illicit drugs.

    “Thanks to the hard work of the FBI, DEA, and our U.S. Attorney, Georgians are safer following this drug bust. This defendant was using state-of-the-art pill presses to produce poison on a massive scale — he will now face severe consequences for his alleged crimes as we continue to shut down fentanyl networks across the country,” said Attorney General Pamela Bondi.

    “This armed felon allegedly ran a massive fentanyl pill pressing operation in our community, producing enough deadly fentanyl to potentially kill millions of people,” said U.S. Attorney Theodore S. Hertzberg. “Due to the quick action and seamless collaboration of our law enforcement partners, Harralson now faces federal drug and firearms charges, his operation has been dismantled, and countless lives have almost certainly been saved.”

    “The scale of this fentanyl operation—run by a convicted felon—posed a grave threat to our community,” said Paul Brown, Special Agent in Charge of FBI Atlanta. “The presence of high-powered firearms alongside industrial pill-pressing equipment underscores the deadly convergence of drug trafficking and violence. The FBI and our law enforcement partners remain steadfast in our commitment to dismantling these operations and holding dangerous individuals accountable.”

    “The DEA and our partners are working hard day in and day out to protect our communities from the dangers and violence associated with drug trafficking.  DEA’s priorities are to save American lives and to keep our communities safe,” said Jae W. Chung, Acting Special Agent in Charge of the DEA Atlanta Division.  “We will continue to leverage every partnership, and every resource available to ensure drug traffickers who distribute poison, like fentanyl and other illicit drugs in our communities, are brought to justice.”

    According to U.S. Attorney Hertzberg, the charges, and other information presented in court: On June 5, 2025, law enforcement executed a federal search warrant at Bartholomew Keeton Harralson’s Atlanta-area residence.  Once inside, law enforcement located over 56 kilograms of fentanyl, 84 kilograms of methamphetamine, nearly 10 kilograms of heroin, and approximately four kilograms of cocaine – all in the form of powders and hundreds of thousands of pressed pills.  Law enforcement also located nine firearms, including one converted to function as a machine gun, $145,000 in cash, and a book titled “How to Avoid Federal Drug Conspiracy & Firearms Charges.”  Harralson was arrested at the scene.

    Later that same day, law enforcement executed another federal search warrant at Harralson’s Douglasville, Georgia residence.  In that residence, law enforcement found two large pill press machines capable of pressing up to 25,000 pills per hour, three hydraulic presses used to form kilogram-sized bricks of narcotics, more than 37 kilograms of fentanyl, approximately 13 kilograms of methamphetamine, just over eight kilograms of heroin, and more than six kilograms of cocaine.  These drugs, like those recovered during the search of Harralson’s other residence, were in the form of powder and hundreds of thousands of pressed pills.  In addition, in a machine shop located behind the Douglasville residence, law enforcement found approximately 1,375 pounds of binding agent used to press pills, 564 punch dies to mark the pills, 19 firearms, four drum-style magazines, and a significant amount of ammunition.

    Members of the public are reminded that the indictment only contains charges.  The defendant is presumed innocent of the charges and it will be the government’s burden to prove the defendant’s guilt beyond a reasonable doubt at trial.

    This case is being investigated by the Federal Bureau of Investigation, Drug Enforcement Administration, and the United States Postal Inspection Service, with valuable assistance provided by the South Fulton Police Department and Douglasville Police Department.

    Assistant United States Attorney Thomas M. Forsyth, III is prosecuting the case.

    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).

    For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6280.  The Internet address for the U.S. Attorney’s Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga.

    MIL Security OSI

  • MIL-OSI: Nimanode Launches $NMA Token Presale to Power AI Agent Ecosystem on XRP Ledger

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, June 10, 2025 (GLOBE NEWSWIRE) — Nimanode, a pioneering no-code AI agent platform built on the XRP Ledger (XRPL), has officially launched its $NMA token presale, offering early participants the opportunity to engage with a next-generation on-chain automation ecosystem. The presale has already filled over 12% of its softcap, reflecting growing interest in AI-powered blockchain infrastructure.

    With anticipation of a major breakout post-launch, early participants are moving quickly to secure $NMA tokens at presale pricing.

    Join $NMA Presale

    Presale Demand Up as Investors Target $NMA for 10X Growth

    With a total of 90 million $NMA representing 45% of $NMA allocated for the presale, this marks a unique and promising chance to claim early access into one of XRP Ledger’s most innovative projects, spearheading the AI ecosystem on the blockchain.

    As the market is currently clouded by volatility and corrections, Nimanode’s presale is emerging as a rare bright spot. Sparking strong FOMO across the XRP community and beyond as investors position themselves early in what many believe could be the next 100X breakout on XRPL.

    Market Analysts already predict strong upside upon exchange listing of $NMA as demand for agent-based infrastructure gains traction.

    This is a chance to invest in $NMA before its Listing at 25% higher than Presale value, however whales position for more as they eye a 10X surge on Launch.

    Join $NMA Presale

    New Kind of On-Chain Intelligence

    Nimanode agents aren’t just simple bots.These agents think, analyze, and execute on-chain tasks ranging from:

    Smart Contract Generation: AI that turns plain-English prompts into executable XRPL Hook contracts.

    DeFi Yield Optimization: Self-directed agents that shift capital between pools to maximize APY.

    Risk Monitoring: Agents that scan wallets and contracts to flag malicious activity in real-time.

    Web3 Customer Support: Deployable support agents that run 24/7 across DAO forums, dApps, and more.

    RWA Compliance: Regulatory agents that keep tokenized assets aligned with local frameworks.
    And all of it can be created from a zero-code interface, allowing creators, DAOs, or institutions to launch an entire automated ecosystem in minutes.

    How to Join The Nimanode Presale

    Joining in the NimaNode Presale is quite straightforward for seasoned investors and newbies alike.

    Purchase XRP: Acquire XRP from reputable exchanges like Binance, Coinbase, or Bybit.

    Setup an XRP-Compatible Wallet: Send your XRP to an XRP compatible Wallet (e.g. Xaman).

    Participate in the Presale: Visit the NimaNode Presale Page (https://nimanode.com/presale), send your XRP to the provided presale address, and secure your $NMA tokens.

    There is a Limited Time Period of 30 Days for the Presale and it’s pricing is going at 1 XRP = 450 $NMA

    The last cycle gave us DeFi protocols and NFTs. This cycle is shaping up to be about autonomous infrastructure and Nimanode is at the heart of it.

    Don’t Miss Out – Secure your $NMA Tokens

    Connect with Nimanode

    Website: https://nimanode.com

    Twitter/X: https://x.com/nimanodeai

    Telegram: https://t.me/nimanodeAI

    Documentation: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

    Disclaimer: This is a paid post and is provided by Nimanode. 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/8a7a5bf9-217b-4a2e-a549-9e4ba44e7dfa

    The MIL Network

  • MIL-OSI Australia: Banker confronts criminal behind $50k scam

    Source: Premier of Victoria

    • 84-year-old customer saved from scam
    • Banker confronts “spineless coward” scammer after he threatened elderly customer
    • Customers warned of callers pressuring them to move money

    When Stella* walked into her local NAB branch and asked to increase her internet banking limit, the East Maitland team immediately knew something didn’t add up.

    The 84-year-old nervously asked for her daily limit to be lifted from $5,000 to $50,000 so she could transfer money to her son’s account.

    Behind the counter of the branch in NSW’s Hunter Valley, customer advisor Tiffany Bailey noticed Stella was on the phone to someone.

    “The phone line went dead as soon as the caller heard my voice. Alarm bells started ringing for me straight away. I knew from my training and experience that something is not right here,” Ms Bailey said.

    Tiffany then Googled the phone number, which revealed it was linked to a known scam.

    “That’s when we were able to sit down with Stella and ask what was really going on,” Ms Bailey said.

    “Stella burst into tears, telling us she was being threatened by a man claiming to be from a major tech company. He’d been pressuring her for days into making a $50,000 transfer to settle an outstanding debt. Stella’s adult son was waiting out the front of the branch. He had no idea she was being scammed.”

    The criminal also gained remote access to Stella’s computer, generated images to convince her of the debt and coached her what to say to bank staff.

    It was then he started calling again.

    Branch manager Vanessa Kruger offered to answer the call and Stella agreed. “I told him that we were from NAB and we were on to him,” Ms Kruger said.

    “I told him to stop calling Stella and leave her alone. We’d also be reporting him to police. He hung up straight away like a spineless coward.”

    The branch team put a temporary block on Stella’s accounts and reassured her no money had been taken. They also sought advice from NAB’s Fraud Operations team, based in Melbourne, who advised Stella her computer should be cleaned.

    “She was instantly relieved. It could have so easily been my grandmother in that situation,” Ms Bailey said.

    The following week Stella came back into the branch to thank the team.

    “She came up to me and gave me a big hug to say thank you. She was still rattled but feeling a lot better. Stella told us she would have been wiped out financially,” Ms Bailey said.

    NAB Executive, Group Investigations Chris Sheehan said NAB remained focused on its fight against criminals as part of a bank-wide scam strategy to help protect customers.

    “Remote access scams often start with a phone call or computer pop up from someone claiming there’s a problem they can help ‘fix’,” Mr Sheehan, a former Australian Federal Police executive, said.

    “Recognising scam red flags is crucial. These include a sense of urgency, unexpected contact, being asked to grant someone access to your device and ‘needing’ to move money to keep it ‘safe’.

    “If you’re unsure, call the organisation the person claims to be from using details you’ve found yourself. For example, look up the organisation’s website or log in to its app.

    “Stopping scams is like playing whack-a-mole. That’s why Australia’s all of ecosystem approach to tackling scams is world-leading.”

    MIL OSI News

  • MIL-OSI USA: Welch Joins 32 Colleagues in Amicus Brief Challenging Trump Administration Abuse of Emergency Powers to Impose Tariffs

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, recently joined Senators Jeanne Shaheen (D-N.H.), Ron Wyden (D-Ore.), Democratic Leader Chuck Schumer (D-N.Y.), and 29 of his colleagues in filing an amicus brief in a key case, Oregon v. Department of Homeland Security, challenging the Trump Administration’s abuse of emergency powers to impose tariffs. The brief opposes the Administration’s request for a stay of a recent court decision that struck down these tariffs.  Vermont was a part of the twelve-state coalition that filed this legal challenge.  
    In May, the U.S. Court of International Trade held that the Trump Administration lacked authority to issue the challenged tariffs under the International Emergency Economic Powers Act (IEEPA)—a statute that no president prior to President Trump has ever tried to use to impose tariffs. The Senators’ amicus brief argues that a stay should be rejected.   
    “Granting a stay will cause irreparable harm to constituents of Amici, particularly thousands of small and medium-sized businesses that will continue to be harmed if the President persists in collecting the unlawful IEEPA tariffs,” wrote the Senators. “Small businesses do not have cash-on-hand or capital reserves to pay the increased tariffs, nor can they quickly adapt to them by modifying supply chains. If they cannot pass on the tariff costs to consumers—which would create additional harms for Amici’s constituents—many face letting employees go or filing for bankruptcy. Even a few weeks of additional tariffs means small businesses will suffer irreparable harm.”  
    “The powers to impose tariffs and regulate international trade were given to Congress for a reason,” continued the Senators. “Absent authorization from Congress to impose tariffs and approval to enter binding, durable trade agreements, it is contrary to the public interest for the President to arrogate Congress’s power to himself.”  
    “Further, the broad-based tariffs, which include extensive levies on treaty allies Japan, Canada, and members of the NATO alliance, undermine U.S. national security by weakening U.S. alliances,” concluded the Senators. “Amici regularly interact with U.S.-allied leaders who want to work with the U.S. on security and economic matters; IEEPA tariffs have been raised as one of the foremost irritants and obstacles to maintaining strong partnerships with the U.S. Multiple allied governments, including Canada, Mexico, and the European Union, have threatened retaliation targeting American exports and American companies—further compounding the economic harm to Amici’s constituents. Denying a stay will ensure the Administration cannot continue to usurp powers granted to Congress, and it will promote U.S. national security and economic interests.” 
    In addition to Senators Welch, Shaheen, Wyden, and Schumer, the letter was cosigned by Senators Tim Kaine (D-Va.), Michael Bennet (D-Colo.), Jacky Rosen (D-Nev.), Ben Ray Luján (D-N.M.), Maria Cantwell (D-Wash.), Andy Kim (D-N.J.), Catherine Cortez Masto (D-Nev.), Chris Van Hollen (D-Md.), Adam Schiff (D-Calif.), Maggie Hassan (D-N.H.), Tammy Duckworth (D-Ill.), Angus King (I-Maine), Richard Blumenthal (D-Conn.), John Hickenlooper (D-Colo.), Alex Padilla (D-Calif.), Chris Coons (D-Del.), Dick Durbin (D-Ill.), Mark Warner (D-Va.), Martin Heinrich (D-N.M.), Jeff Merkley (D-Ore.), Bernie Sanders (I-Vt.), Amy Klobuchar (D-Minn.), Raphael Warnock (D-Ga.), Lisa Blunt Rochester (D-Del.), Mazie Hirono (D-Hawaii), Brian Schatz (D-Hawaii), Edward Markey (D-Mass.), Angela Alsobrooks (D-Md.) and Gary Peters (D-Mich.). 
    Read and download the full amicus brief. 

    MIL OSI USA News

  • MIL-OSI USA: Welch, Hawley Lead Bipartisan Bill to Raise the Federal Minimum Raise

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee,today joined Josh Hawley (R-Mo.) in introducing the Higher Wages for American Workers Act of 2025, bipartisan legislation to raise the federal minimum wage to $15 per hour and allow the federal minimum wage to increase with inflation in subsequent years. When adjusted for inflation, the current federal minimum wage is lower than at any point since the 1940s. Meanwhile, the cost of housing, health care, and education has skyrocketed, leaving millions of full-time workers struggling to make ends meet. 
    “We’re in the midst of a severe affordability crisis, with families in red and blue states alike struggling to afford necessities like housing and groceries. A stagnant federal minimum wage only adds fuel to the fire. Every hardworking American deserves a living wage that helps put a roof over their head and food on the table—$7.25 an hour doesn’t even come close,” said Senator Welch. “Times have changed, and working families deserve a wage that reflects today’s financial reality. I’m proud to lead this bipartisan effort to raise the minimum wage nationwide to help more folks make ends meet.” 
    “For decades, working Americans have seen their wages flatline. One major culprit of this is the failure of the federal minimum wage to keep up with the economic reality facing hardworking Americans every day. This bipartisan legislation would ensure that workers across America benefit from higher wages,” Senator Hawley said.    
    Senator Welch has championed efforts in the Senate to boost the minimum wage and help more Vermonters make ends meet. In April, Senator Welch cosponsored the Raise the Wage Act, bicameral legislation to ensure American workers make a living wage, drive economic growth, and reduce income inequality by raising the minimum wage to $17 for all workers by 2030. The bill would also gradually eliminate subminimum wages for tipped workers, workers with disabilities.  
    Last Congress, Senator Welch joined colleagues in introducing the PRO Act to protect the right to unionize and stop predatory behavior from companies trying to hinder workplace organizing. Senator Welch also supported the Public Service Freedom to Negotiate Act, bipartisan and bicameral legislation that would guarantee the right of public sector employees to organize, act concertedly, and bargain collectively in states that currently do not afford these basic protections. 
    Read and download the full text of the bill. 

    MIL OSI USA News

  • MIL-OSI: Life Sciences Investor Forum Agenda Announced for June 11th-12th

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series announced the agenda for the Life Sciences Investor Forum June 11th & 12th. This event is co-hosted by Zacks Small Cap Research.

    Individual investors, institutional investors, advisors, and analysts are invited to attend.

    REGISTER HERE

    It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. There is no cost to log-in, attend live presentations, or schedule 1×1 meetings with management.

    “The life sciences sector is driving breakthrough innovation, and we’re proud to give these pioneering companies a direct line to investors,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “This Virtual Investor Conference, co-hosted by Zacks Small Cap Research, offers an essential platform for companies to share their vision, showcase scientific progress, and connect with a wider investment community actively seeking the next wave of healthcare and biotech leaders.”

    June 11th


    June 12
    th

    To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Media Contact: 
    OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

    Virtual Investor Conferences Contact:
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network

  • MIL-OSI Security: Slidell Man Guilty of Possessing Files Depicting Sexual Exploitation of Children

    Source: Office of United States Attorneys

    NEW ORLEANS – Acting U.S. Attorney Michael M. Simpson announced that BROCK TAYLOR GUILLOT (“GUILLOT”), age 27, from Slidell, Louisiana, pled guilty June 5, 2025, before United States District Judge Barry W. Ashe, to possession of images and videos depicting the sexual exploitation of children under the age of twelve years old, in violation of 18 U.S.C. ‘ 2252(a)(4)(B).

    According to the court documents, in or around January 2020, Special Agents with the Federal Bureau of Investigation (“FBI”) investigated the sharing of files depicting the sexual exploitation of children (i.e., Child Sexual Abuse Material (CSAM)) via an instant messaging mobile application.  During the investigation, an individual, subsequently determined to be GUILLOT, transmitted a series of files depicting the sexual exploitation of prepubescent children via the mobile application.  Law enforcement officials executed a search warrant at GUILLOT’s residence in February 2021 and seized several electronic items that belonged to GUILLOT.  A review of the GUILLOT’s cellular phone identified at least 1 image and 518 videos depicting the sexual victimization of children.  Some of the child victims were less than approximately three (3) years old at the time the CSAM was created.  GUILLOT possessed his collection of images and videos depicting the sexual victimization of children on his cellular phone, and in multiple accounts GUILLOT maintained on a social media instant messaging mobile application.

    GUILLOT faces a maximum term of imprisonment of  twenty (20) years.  GUILLOT also faces at least five (5) years, and up to a lifetime of supervised release, up to a $250,000 fine and a $100 mandatory special assessment fee. GUILLOT may also be required to register as a sex offender.  Sentencing before Judge Ashe has been scheduled for September 25, 2025.

    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 United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims.  For more information about Project Safe Childhood, please visit www.projectsafechildhood.gov.

    Acting U.S. Attorney Simpson praised the work of the Federal Bureau of Investigation in investigating this matter.  Assistant United States Attorney Jordan Ginsberg, Chief of the Public Integrity Unit, is in charge of the prosecution.

    MIL Security OSI

  • MIL-OSI Security: FBI Dallas and North Texas Internet Crimes Against Children Task Force announce results of Operation Soteria Shield in the Eastern District of Texas

    Source: Office of United States Attorneys

    DALLAS, Texas – The U.S. Attorney’s Office for the Eastern District of Texas joined the North Texas Internet Crimes Against Children Task Force and the FBI Dallas’s North Texas Child Exploitation Task Force to announce the conclusion of Operation Soteria Shield, a month-long collaborative enforcement effort conducted in April 2025 aimed at rescuing children from online sexual exploitation and bringing perpetrators to justice. This operation was run in conjunction with the National Internet Crimes Against Children Task Force and was jointly managed by the FBI Dallas Division, Dallas Police Department, Plano Police Department, Wylie Police Department, and Garland Police Department.

    More than 70 Texas law enforcement agencies joined forces throughout the month of April to combat the exploitation of children in the digital space. These agencies leveraged the expertise of highly skilled computer crimes investigators that worked around the clock to identify victims and apprehend offenders engaged in the production, distribution, and possession of child sexual abuse material.

    Operation Soteria Shield resulted in the rescue of 109 children and the arrest of 244 offenders. In addition to these enforcement actions, investigators seized extensive volumes of digital evidence, including terabytes of illicit data stored on electronic devices that were used in the commission of these crimes. These devices are undergoing forensic analysis and may lead to further arrests and the identification of additional victims.

    “The numbers of offenders arrested, and children rescued in this operation are stunning.  The numbers leave us breathless because, at some level, we understand that behind every statistic, every number, there is a child with dreams, aspirations, and the right to live a life free from sexual exploitation,” said Eastern District of Texas Acting U.S. Attorney Jay Combs. “We are committed to teaming with law enforcement to investigate and prosecute these cases with urgency and ferocity in order to protect our children.”

    In the Eastern District of Texas, this Operation has led to the grand jury indictment of individuals for not only distributing child pornography, but also sexually exploiting children to produce child sexual abuse material.

    Operation Soteria Shield stands as a powerful example of what can be accomplished with coordinated, interagency cooperation. It reflects the shared commitment of law enforcement professionals across Texas to relentlessly pursue those who prey on children and to ensure that survivors are no longer silenced or hiding in the shadows.

    The participating agencies also extend their gratitude to the National Center for Missing & Exploited Children (NCMEC) for their unwavering support. NCMEC analysts provided vital intelligence and case coordination that proved instrumental to the success of this operation.

    List of Participating Agencies:

    Abilene Police Department, Allen Police Department, Alvarado Police Department, Amarillo Police Department, Arlington Police Department, Army Criminal Investigative Division, Aubrey Police Department, Azle Police Department, Bartonville Police Department, Breckenridge Police Department, Cedar Hill Police Department, Children’s Advocacy Center of Collin County, Cleburne Police Department, Colleyville Police Department, Collin County District Attorney’s Office, Collin County Sheriff’s Office, Cooke County Sheriff’s Office, Crowley Police Department, Dalhart Police Department, Dallas Children’s Advocacy Center, Dallas Police Department, Dawson County Sheriff’s Office, Denton County Sheriff’s Office, DeSoto Police Department, U.S. Attorney’s Office for the Eastern District of Texas, U.S. Attorney’s Office for the Northern District of Texas, Ellis County Sheriff’s Office, Elm Ridge Police Department, Ennis Police Department, Euless Police Department, Fannin County Sheriff’s Office, Fate Police Department, FBI Dallas Field Office, FBI El Paso Field Office, FBI San Antonio Field Office, Fort Worth Police Department, Frisco Police Department, Garland Police Department, Grand Prairie Police Department, Grand Saline Police Department, Grayson County Sheriff’s Office, Gregg County Sheriff’s Office, Haltom City Police Department, Harrison County Sheriff’s Office, Homeland Security Investigations, Honey Grove Police Department, Hopkins County Sheriff’s Department, Hurst Police Department, Irving Police Department, Johnson County Sheriff’s Office, Joshua Police Department, Kaufman County Sheriff’s Office, Kaufman Police Department, Lamesa Police Department, Lone Star Police Department, Lubbock Police Department, McKinney Police Department, Midlothian Police Department, National Center for Missing & Exploited Children, Naval Criminal Investigative Service, North Richland Hills Police Department, Office of Inspector General, Plano Police Department, Prosper Police Department, Richardson Police Department, Richardson Police Department SWAT, Rockwall County District Attorney’s Office, Rockwall County Sheriff’s Office, Rockwall Police Department, Rowlett Police Department, Royse City Police Department, Sachse Police Department, San Antonio Police Department, Snyder Police Department, Tarrant County Human Trafficking Task Force, Tarrant County Sheriff’s Office, Terrell Police Department, Texas Department of Public Safety, University of Texas System Police, White Settlement Police Department, Wilmer Police Department, and Wylie Police Department.

    ###

    MIL Security OSI

  • MIL-OSI Security: Former Columbus police officer sentenced to 3 years in prison for altering records

    Source: Office of United States Attorneys

    COLUMBUS, Ohio – A former Columbus police officer was sentenced in federal court here today to 36 months in prison for destroying or altering records related to a criminal investigation.

    Nicholas P. Duty, 36, of Commercial Point, Ohio, pleaded guilty in January to two counts of the crime.

    According to court documents, on two occasions, Duty destroyed, altered or falsified records by purposefully deactivating or removing his police body worn camera. Duty’s actions were intended to impede, obstruct or influence a federal investigation.

    In February 2024, Columbus police officers were working street-level prostitution crimes in the area of Sullivant Avenue on the west side of Columbus when a witness expressed concerns about Duty’s on-duty activities with sex workers. Duty was positively identified during the administration of a blind photo array.

    Further investigation revealed that, on Oct. 31, 2023, and March 22, 2024, Duty deactivated or removed his body worn camera during interactions with two women, including during a sexual encounter.

    During the incidents, Duty was on duty, wearing a police uniform, in a marked police vehicle and assigned a body worn camera. He knew he was required to comply with Columbus Division of Police policies for wearing the division-issued camera.

    On Halloween 2023, the first woman had called Columbus police and asked for assistance, stating her boyfriend was attempting to kill himself. Duty transported the woman following the call and disabled his body worn and in-car cameras when he was alone with her. Duty made sexual advances toward the woman while his cameras were deactivated, and they exchanged phone numbers.  Duty continued to reach out to her, including in April 2024, a few days before his arrest.

    On March 22, 2024, body worn camera footage shows Duty speaking with the second woman near the Sunoco station at Sullivant and Clarendon avenues. The woman confirmed that Duty had money with him and asked if he wanted to go to their “normal spot.” Duty drove away in his police vehicle, relocated to a different alley, and met up with the woman. Duty removed his body worn camera and blocked it from recording video. The camera, however, still recorded audio from the incident. The audio recording reveals Duty asking the woman several times to have sex. She declines but performs oral sex on Duty. The two discuss meeting up later for sex and Duty paid the woman $20 for the sex act. During this time, he was marked “out,” indicating that he was actively working on a police call.

    Further review of Duty’s digital devices revealed numerous conversations in which Duty would seek out sex from various women, including victims of crime, whom he met while working on duty as a Columbus Police Officer. He would also send messages to sex workers while working and then meet up with them in his police cruiser, engage in sex acts with them, and then pay them for the sex acts.

    Duty was indicted by a federal grand jury in April 2024. He had been employed with the Columbus Division of Police since June 2018.

    Acting United States Attorney Kelly A. Norris, Ohio Attorney General Dave Yost, Columbus Police Chief Elaine Bryant, U.S. Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF) Acting Special Agent in Charge Thomas A. Greco,  U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) Acting Special Agent in Charge Jared Murphy, and Federal Bureau of Investigation (FBI) Special Agent in Charge Elena Iatarola announced the sentence imposed today by Chief U.S. District Judge Sarah D. Morrison.

    Assistant United States Attorneys Emily Czerniejewski and Kevin W. Kelley are representing the United States in this case, which was investigated by the Ohio Organized Crime Investigations Commission’s Central Ohio Human Trafficking Task Force.

    # # #

    MIL Security OSI

  • MIL-OSI Security: CEO of Health Care Software Company Convicted of $1 Billion Fraud Conspiracy

    Source: US FBI

    MIAMI – A federal jury convicted the CEO of Power Mobility Doctor Rx, LLC (DMERx) for his role in operating a platform that generated false doctors’ orders to defraud Medicare and other federal health care benefit programs of more than $1 billion.

    According to court documents and evidence presented at trial, Gary Cox, 79, of Maricopa County, Arizona, and his co-conspirators targeted hundreds of thousands of Medicare beneficiaries who provided their personally identifiable information and agreed to accept medically unnecessary orthotic braces, pain creams, and other items through misleading mailers, television advertisements, and calls from offshore call centers. Cox and his co-conspirators owned, controlled, and operated DMERx, an internet-based platform that generated false and fraudulent doctors’ orders for these items. As part of the scheme, Cox connected pharmacies, durable medical equipment (DME) suppliers, and marketers with telemedicine companies that would accept illegal kickbacks and bribes in exchange for signed doctors’ orders transmitted using the DMERx platform. Cox and his co-conspirators received payments for coordinating these illegal kickback transactions and referring the completed doctors’ orders to the DME suppliers, pharmacies, and telemarketers that paid kickbacks and bribes for the orders.

    The fraudulent doctors’ orders generated by DMERx falsely represented that a doctor had examined and treated the Medicare beneficiaries when in fact purported telemedicine companies paid doctors to sign the orders without regard to medical necessity, based only on a brief telephone call with the beneficiary or no interaction with the beneficiary at all. The DME suppliers and pharmacies that paid illegal kickbacks in exchange for these doctors’ orders billed Medicare and other insurers more than $1 billion. Medicare and the insurers paid more than $360 million based on these claims. According to evidence presented at trial, Cox and his co-conspirators concealed the scheme through sham contracts and by eliminating from doctors’ orders what one co-conspirator described as “dangerous words” that might cause Medicare to audit the scheme’s DME suppliers.

    “Medicare fraud undermines the integrity of our nation’s most critical healthcare programs, which are relied upon by millions of patients, doctors and honest healthcare professionals.” said U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida. “Fraud of this kind wastes taxpayer dollars and increases the cost of healthcare for all Americans. Together with our law enforcement partners, we will relentlessly pursue those who steal from taxpayers and exploit our healthcare system for their own personal gain”

    “The defendant orchestrated a scheme to defraud government health care benefit programs on a massive scale, creating fraudulent doctors’ orders used to bill insurers over $1 billion,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “Americans are all too familiar with junk mail and spam calls that target seniors to steal their personal information and promote waste, fraud, and abuse in our economy. The Criminal Division will continue to aggressively prosecute health care fraud schemes to hold criminals accountable, protect the vulnerable, and recover financial losses.”

    “Fraud schemes perpetrated against veterans are abhorrent and will be thoroughly investigated,” said Special Agent in Charge David Spilker of the Department of Veterans Affairs Office of Inspector General’s Southeast Field Office. “The VA OIG, along with our law enforcement partners, will continue to combat these schemes to ensure the integrity of VA’s healthcare programs for veterans and their families.”   

    “The defendant deliberately exploited the federal health care system by prioritizing personal enrichment over the medical needs of vulnerable patients,” stated Deputy Inspector General for Investigations Christian J. Schrank of the Department of Health and Human Services Office of Inspector General (HHS-OIG). “By fraudulently billing the government for medically unnecessary durable medical equipment, the defendant not only violated the law but also assaulted the public’s trust placed in health care providers. There is zero tolerance for those who abuse federal health care programs, and HHS-OIG remains steadfast in its commitment to ensure that individuals who engage in such egregious fraud are held fully accountable.”

    “Medicare fraud and other health care related frauds are, unfortunately, nothing new,” said Assistant Special Agent in Charge Mark McCormick of the FBI Miami Field Office. “As such, the FBI and our partners devote considerable resources to investigate, arrest, and prosecute those committing this fraud. The victims are U.S. taxpayers – you and me.  Our message to those who commit health care fraud and steal from U.S. taxpayers is clear: you will be caught, and you will face justice.”

    Cox was convicted of conspiracy to commit health care fraud and wire fraud, three counts of health care fraud, conspiracy to pay and receive health care kickbacks, and conspiracy to defraud the United States and make false statements in connection with health care matters. Cox faces a maximum penalty of 20 years in prison for the conspiracy to commit health care fraud and wire fraud conviction, 10 years for each health care fraud conviction, five years for the conspiracy to pay and receive health care kickbacks conviction, and five years for the conspiracy to defraud the United States and make false statements in connection with health care matters conviction. A sentencing hearing will be scheduled at a later date. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    HHS-OIG, FBI, VA-OIG, and DCIS investigated the case.

    Trial Attorneys Darren C. Halverson and Jennifer E. Burns of the Criminal Division’s Fraud Section are prosecuting the case. Fraud Section Trial Attorneys Andrea Savdie and Shane Butland assisted in the prosecution. Trial Attorney Evan N. Schlom with the Fraud Section’s Special Matters Unit provided valuable assistance.

    The charges contained in an information are merely accusations. All defendants are presumed innocent until proven guilty beyond reasonable doubt in a court of law.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of nine strike forces operating in 27 federal districts, has charged more than 5,800 defendants who collectively have billed federal health care programs and private insurers more than $30 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with HHS-OIG, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www.justice.gov/criminal-fraud/health-care-fraud-unit.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case number 23-cr-20271.

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    MIL Security OSI

  • MIL-OSI USA: Congresswoman Tenney Leads Legislation to Support Water Infrastructure Projects

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Washington, DC – Congresswoman Claudia Tenney (NY-24), along with Congresswoman Gwen Moore (WI-4), today reintroduced the Financing Lead Out of Water (FLOW) Act to reduce red tape and enable more municipalities to finance water projects focused on replacing lead service lines. The legislation will help shore up Upstate New York’s aging water infrastructure and ensure communities can provide safe, clean drinking water.

    Additional cosponsors of the legislation include Representatives Mike Kelly (PA-3) and Haley Stevens (MI-11). 

    Lead service lines, which are often jointly owned by local governments and private homeowners, are expensive to replace—but they can be financed using tax-exempt bonds. Unfortunately, current law requires water utilities to prove these bonds do not primarily benefit private entities if used on private property—a burdensome and costly process that delays critical infrastructure upgrades.

    The FLOW Act would eliminate this barrier by allowing public water utilities to use tax-exempt bonds to replace privately owned lead service lines without triggering the IRS’s “private business use” restrictions.

    “Replacing hazardous lead pipes in our communities is a costly, time-consuming process burdened by unnecessary federal hurdles,” said Congresswoman Tenney. “The FLOW Act cuts red tape and eliminates excessive documentation requirements, making it easier for communities to access affordable financing for critical water infrastructure projects. Reducing ineffective bureaucracy will allow more New Yorkers in NY-24, and Americans nationwide, to replace dangerous lead pipes and gain access to safe, clean water.”

    “As a mother, grandmother, and great grandmother, I am focused on ending the lead epidemic so we can protect the potential of every child in Milwaukee. In Congress, I am working to advance proposals that can help our communities remove this toxin. That’s why I am supporting the FLOW Act, which would allow local governments to better leverage tax-exempt municipal bonds, to fund lead service line replacement projects. We need every tool available to tackle this health crisis,” said Congresswoman Moore. 

    “In Michigan, we’ve seen firsthand the devastating impact that led-contaminated water can have on families, from Flint to Benton Harbor and beyond. Communities across our state are working hard to replace aging lead service lines, but federal red tape has made that work slower and more expensive than it needs to be. The FLOW Act will cut unnecessary barriers and unlock affordable financing tools to get these dangerous pipes out of the ground faster. I’m proud to be an original cosponsor of this bipartisan bill to help Michigan and communities across the country deliver safe, clean drinking water to every household,” said Congresswoman Stevens. 

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    MIL OSI USA News

  • MIL-OSI USA: IAM Union Applauds House Freshmen for Supporting Fair Trade Policies

    Source: US GOIAM Union

    IAM Union International President Brian Bryant recently expressed his appreciation to a coalition of House Freshmen for signing a letter supporting fair trade practices, including a renegotiation of the United States-Mexico-Canada Agreement (USMCA) and the reauthorization of the U.S. Department of Labor’s Trade Adjustment Assistance (TAA) program.

    “On behalf of the 600,000 active and retired members of this very diverse union, I want to thank these House Freshmen who understand the importance of fair trade policy,” said IAM Union International President Brian Bryant. “U.S. trade policy has led many news headlines in recent months, and this letter underscores the importance of renegotiating the USMCA to protect domestic manufacturing in areas like aerospace, reauthorizing the U.S. Labor Department’s TAA program, and enacting strategic tariffs that punish bad actors and protect U.S. jobs.”

    Rep. Josh Riley (NY-19) and Rep. Lateefah Simon (CA-12) led 18 of their colleagues in a letter to President Trump and U.S. Trade Representative Jamieson Greer calling for a trade policy that strengthens America’s middle class, rebuilds the U.S. industrial base, and safeguards family farms and small businesses.

    “For too long, bad trade deals have been written in Wall Street boardrooms and rubber-stamped in political backrooms—while towns from Endicott to Ellenville got sold out,” said Rep. Josh Riley. “I came to Congress to give blue-collar towns a real voice in trade talks. I’ll work with anyone from any party who wants to rethink trade in a way that supports American farmers, builds American factories for American workers, and strengthens national security.”

    “I’m proud to represent the Port of Oakland, the largest refrigerated cargo export port in the United States,” said Rep. Lateefah Simon. “Tariffs are not inherently bad, but President Trump’s chaotic, self-imposed tariff war has been a disaster for the U.S. economy. That’s why I am leading my freshman colleagues to call on the president to fix U.S. trade policy to support workers, small businesses, and the environment.”

    The members outlined four key areas of proposed collaboration:

    1. Improving the U.S.-Mexico-Canada Agreement (USMCA):

    • Include stronger labor and environmental standards.
    • Close China’s USMCA backdoor into U.S. markets.
    • Fix digital trade provisions.

    2. Investing in American Manufacturing:

    3. Reauthorizing Trade Adjustment Assistance (TAA):

    • Support and improve TAA for communities impacted by past trade policies.

    4. Pairing Strategic Tariffs with Pro-Worker Laws:

    • Implement tariffs with anti-price gouging and pro-labor reforms.

    Read the full text of the letter here

    The IAM continues advocating for trade agreements prioritizing U.S. labor standards, environmental protections, and domestic production.

    The post IAM Union Applauds House Freshmen for Supporting Fair Trade Policies appeared first on IAM Union.

    MIL OSI USA News

  • MIL-OSI Russia: Russian budget revenues for the first five months of 2025 increased by 3.1 percent to 14.7 trillion rubles — Russian Ministry of Finance

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    Moscow, June 10 (Xinhua) — The volume of revenues of the federal budget of Russia in January-May 2025 amounted to 14.732 trillion rubles, which is 3.1 percent higher than the volume of revenues in the same period last year, according to data from the Ministry of Finance of the Russian Federation, published on the agency’s website on Tuesday.

    According to the Russian Ministry of Finance’s data, non-oil and gas revenues grew by 12.3 percent in five months compared to the same period last year, to 10.492 trillion rubles, which forms a “stable base for further accelerated growth in revenues.” “In general, the trajectory of non-oil and gas revenues in January-May of this year, along with the higher level of the tax base last year, create the preconditions for a significant excess of the dynamics laid down in the formation of the budget law,” the department said.

    At the same time, oil and gas revenues of the Russian budget from January to May amounted to 4.24 trillion rubles, which is 14.4 percent lower than the figure for the same period in 2024. This is mainly due to a decrease in the average price of oil, as well as a one-time receipt of additional payment for mineral extraction tax /MET/ on oil in February last year. “At the same time, the receipt of oil and gas revenues in January-May of this year was at a level exceeding their base amount, but there are risks of their reduction due to a weakening price environment,” the Russian Ministry of Finance clarified.

    The published data also shows that the volume of Russian budget expenditures for January-May 2025 increased by 20.7 percent compared to the same period in 2024 and amounted to 18.125 trillion rubles. The federal budget deficit, according to a preliminary estimate by the Russian Ministry of Finance, for the first five months amounted to 3.39 trillion rubles.

    “The dynamics of revenue receipts and financing of expenditures in January-May 2025 indicate that the federal budget is being executed in accordance with the target parameters of the structural deficit approved in the budget law,” the department’s materials note. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Nepal: IMF Reaches Staff-level Agreement on Sixth Review Under the Extended Credit Facility

    Source: IMF – News in Russian

    June 10, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The Nepali authorities and the IMF team have reached staff-level agreement to conclude the sixth review of Nepal’s economic reform program supported by the IMF’s Extended Credit Facility (ECF) arrangement. Once the review is approved by IMF Management and completed by the IMF Executive Board, Nepal will have access to about $42.7 million in financing.
    • The growth recovery is expected to gather pace in FY2025/26 underpinned by policy measures announced in the budget aimed at improving project execution and boosting private sector confidence, while lending rates remain accommodative. However, timely and full execution of budget spending is important to durably strengthen economic growth.
    • Completion of the sixth review by the IMF’s Executive Board will require completing a prior action relating to further progress with the loan portfolio review.

    Washington, DC: An International Monetary Fund (IMF) team led by Ms. Sarwat Jahan visited Kathmandu during May 26 to June 10, 2025. After constructive discussions, Ms. Jahan issued the following statement at the end of the mission: “The Nepali authorities and IMF staff reached staff-level agreement on the policies and reforms needed to complete the sixth review under the ECF (see Press Release No. 22/6)[1]. The agreement is subject to approval by the IMF’s Executive Board. Upon completion of the Executive Board Review Nepal would have access to SDR 31.4 million (about US$42.7 million), bringing the total IMF financial support disbursed under the ECF to SDR 251.1 million (about US$331.8 million), from a total of SDR 282.4 million.

    “Nepal continues to make progress with the implementation of the ECF-supported program. Program performance has been satisfactory, with all quantitative performance metrics for mid‑January 2025 met except for the indicative target on child welfare grants. The implementation of structural benchmarks has gained momentum while reforms in some areas are still ongoing. Key reforms that have been completed or are on-track to be completed soon as part of the sixth review include completion of a tax expenditure report, publication of revised National Project Bank guidelines, and finalization of a post-Loan Portfolio Review (LPR) roadmap. Significant progress was made on bringing key recommendations from the IMF’s 2021 Safeguard Assessment and 2023 Financial Sector Stability Report into draft Nepal Rastra Bank (NRB) Act amendments in preparation for submission to Parliament. The NRB remains committed to completing the LPR and is finalizing the selection of the independent international consultant to assist with the LPR. The completion of the sixth review by the IMF’s Executive Board is contingent on NRB making further progress with the loan portfolio review.

    “Domestically, economic activity has continued to gradually recover, underpinned by a rebound in construction and manufacturing, continued expansion of hydropower capacity, and a good harvest that helped offset the impact of the September 2024 floods. Growth in FY2024/25 is estimated to exceed 4 percent, although still below potential. Inflation, which spiked temporarily following the floods, decelerated to 3.4 percent y/y in April 2025. The external position continued to strengthen, with robust growth in exports, remittances, and tourism receipts outpacing the recovery in imports.

    “Financial sector vulnerabilities have not yet eased, with non‑performing loans (NPLs) increasing to 5.2 percent in April 2025, impacting bank capital. The financial health of the savings and credit cooperatives (SACCOs) remains challenging.

    “Looking ahead, growth is projected to strengthen in FY2025/26, while inflation is expected to remain contained within the NRB’s tolerance level. However, the outlook is subject to important downside risks, including under-execution of capital projects, an increase in financial sector vulnerabilities, elevated global trade tensions and uncertainty, and potential disruptions to domestic policy continuity and reform implementation.

    “Against this background, policies and reforms envisaged under the ECF-supported program remain well-placed to help preserve macroeconomic stability and strengthen Nepal’s policymaking framework. The FY2025/26 budget is broadly consistent with the program objective to maintain fiscal and debt sustainability, while initiating reforms to increase capital spending, providing further incentives to encourage private sector investment, and expanding the public school midday meal program.

    “Monetary policy continues to follow a cautious data-driven approach, with maintaining focus on price and external stability a key to supporting growth. Amendments to the NRB Act would strengthen the central bank’s independence and governance and make the bank resolution regime more robust. Rising financial sector vulnerabilities warrant increased vigilance. In this context, it is essential to launch the LPR in a timely manner and prioritize measures to deal with problematic SACCOs. Creation of an Asset Management Company should be approached with extra caution given the risks involved and should be made conditional on improvements to the debt recovery framework, including the insolvency law, and a thorough review of the business case for such an entity. The authorities have continued to make tangible improvements to the anti-money laundering/countering the financing of terrorism (AML/CFT) legal framework, and are now shifting their focus to effective implementation of Nepal’s AML/CFT Action Plan.

    “The IMF team held meetings with the Honorable Deputy Prime Minister and Finance Minister Mr. Bishnu Prasad Paudel, the National Planning Commission Vice-Chairman Honorable Dr. Shiva Raj Adhikari, the Nepal Rastra Bank Governor Dr. Biswo Nath Poudel, and other senior government and central bank officials. The IMF team also met with representatives from the private sector, think tank and development partners.”

    “The IMF team is grateful to the Nepali authorities for their hospitality and for open and constructive discussions.”

    [1] The Extended Credit Facility (ECF) provides financial assistance to countries with protracted balance of payments problems. It supports countries’ economic programs aimed at moving toward a stable and sustainable macroeconomic position consistent with strong and durable poverty reduction and growth. The ECF is expected to help catalyze additional foreign aid.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/10/pr-25191-nepal-imf-reaches-agreement-on-6th-review-under-the-ecf

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI USA: $42M to Improve Travel Along Interstate 88

    Source: US State of New York

    overnor Kathy Hochul today announced that work is underway on a pair of projects that will rehabilitate key stretches of Interstate 88 in Schoharie and Otsego counties, enhancing safety and resiliency along a major artery that connects the Capital Region with the Catskills and the Southern Tier. Taken together, the two projects represent a nearly $42 million investment that will resurface approximately 40 lane miles of pavement and make other improvements to the highway that will ease travel through this important corridor. The highway stretches from just outside of Albany to the Binghamton area and is often used to reach some of New York’s most popular tourist destinations, including the National Baseball Hall of Fame and Museum in Cooperstown and Howe Caverns in Cobleskill.

    “Investing in roads and bridges helps to ensure the well-being and long-term prosperity of our local communities and of our entire state,” Governor Hochul said. “These projects along Interstate 88 will provide improved mobility for thousands of motorists who travel this vital highway every day and enhance the resiliency of one of our most important arteries for the flow of people and commerce in New York.”

    Work recently started on a $15.7 million project that will rehabilitate a 5.5-mile stretch of the highway in both directions from the Schoharie/Otsego County line to Exit 20 in Richmondville, Schoharie County, overlaying the existing concrete surface with a two-inch fiber reinforced top course of asphalt to provide smoother travel. Existing road joints will also be repaired.

    The eastbound lanes will be resurfaced this year and motorists should expect single lane closures for the entire length of the construction zone. In 2026, work will switch over to the westbound lanes. Completion is expected by the end of the 2026 construction season.

    The resurfacing project complements work that got underway last year on another project that is resurfacing a 4.3-mile stretch of I-88 between Exits 18 and 19 in the towns of Worcester and Maryland, Otsego County. The $26 million, two-year project also includes the repair of 10 culverts and the installation of new guide rail. Additionally, the bridges that carry I-88 over South Hill Road will undergo bearing and pedestal replacements.

    Currently, crews are working on the westbound side of this stretch of the highway. One lane of traffic in each direction is separated by concrete barrier on the eastbound side of the highway. Construction is expected to wrap up later this year.

    Once these two projects are complete, there will only be one stretch of the highway remaining with concrete from the original construction of I-88, which began in 1968. A project for that area between Exits 16 and 17 is in the design phase.

    New York State Department of Transportation Commissioner Marie Therese Dominguez said, “Governor Hochul’s commitment to renewing our critical infrastructure and connecting communities is unwavering and this investment in Interstate 88 is another demonstration of that. These improvements will provide smoother travel, as well as enhanced safety and resiliency of our infrastructure along this vital highway, facilitating continued economic growth and the long-term prosperity for our local communities.”

    Senator Charles Schumer said, “Thanks to millions from my Bipartisan Infrastructure & Jobs Law, we are paving the way for key improvements to Interstate 88 to create a more prosperous and safer future for motorists and visitors from the Capital Region to the Southern Tier. This project will repair key stretches of the I-88 between the Binghamton area and Capital Region, improving traffic flow along this vital corridor while creating good-paying jobs. I’m grateful that Governor Hochul is putting these federal dollars to good use to improve safety and connectivity for Upstate New Yorkers.”

    Representative Josh Riley said, “I-88 connects our farms, our small businesses, and our families to the rest of the state—and to each other. Fixing it means safer roads, stronger local economies, and a better quality of life for the folks who live and work here. I’m proud to help deliver federal funding through the Bipartisan Infrastructure Law and grateful to see it being put to work where it counts.”

    About the Department of Transportation

    It is the mission of the New York State Department of Transportation to provide a safe, reliable, equitable and resilient transportation system that connects communities, enhances quality of life, protects the environment, and supports the economic well-being of New York State.

    Lives are on the line; slow down and move over for highway workers!

    For more information, find us on Facebook, follow us on X or Instagram, or visit our website. For up-to-date travel information, call 511, visit www.511NY.org or download the free 511NY mobile app.

    MIL OSI USA News

  • MIL-OSI Security: Morrison Man Sentenced to 46 Months in Federal Prison for PPP Loan Fraud

    Source: Office of United States Attorneys

    DENVER – The U.S. Attorney’s Office for the District of Colorado announces that Richard Nieto, age 39, of Morrison, Colorado, was sentenced to 46 months in federal prison and ordered to pay $962,438.85 in restitution for engaging in wire fraud and money laundering in connection with obtaining two Paycheck Protection Program (PPP) loans during the COVID-19 pandemic. 

    According to the plea agreement, the defendant submitted three fraudulent PPP loan applications to a lender seeking $1,117,903.56 and was successful in obtaining two PPP loans totaling $913,551.88.

    In the first successful application for $175,384.83, the defendant inflated the number of employees and average monthly payroll for his business, Denver Pro Painting & Contracting, that had operated before the pandemic and fabricated Forms 941 that did not match the tax returns filed with the IRS. He then submitted a second successful PPP application for $738,167.05 to the same lender for another business, DenPro, that had no payroll or employees and was not operating at all. In this second application, the defendant made up $1,771,601.04 in annual payroll while fabricating fourth quarter tax returns to support the lies on the application.

    Before making a single payment on either loan, the defendant submitted fraudulent applications for loan forgiveness. In support of the forgiveness applications, the defendant created a total of 87 fake payroll checks and paystubs that falsely indicated that each check related to a specific pay period and employee and that the defendant’s companies had withheld taxes so that they would qualify for loan forgiveness. One of the defendant’s PPP loans was fully forgiven.

    Despite telling the lender that he would use the PPP loan money on business expenses, the defendant transferred PPP loan money through multiple intermediate accounts before using it on personal expenditures and investments. Among other transactions, the defendant used loan money to pay a home mortgage, purchase bitcoin, contribute to an investment account, buy gold and silver coins, and invest in a friend’s startup business. 

    “This is another case of someone using for personal gain a program meant to help people suffering during the COVID-19 pandemic,” said Acting United States Attorney J. Bishop Grewell. “I want the public to know that we are aggressively prosecuting people who stole from this relief program.”

    “Mr. Nieto went to great lengths to abuse a program meant for hardworking small business owners, seeking only to enrich himself.” said Amanda Prestegard, Special Agent in Charge, IRS-CI Denver Field Office. “We are proud to partner with the U.S Attorney’s Office to aggressively pursue those who defrauded this and other CARES Act programs and hold criminals like Mr. Nieto accountable.”

    United States District Judge William J. Martinez presided over the sentencing.

    The Internal Revenue Service Criminal Investigation conducted the investigation.  Assistant United States Attorneys Craig Fansler and Martha Paluch handled the prosecution of the case.

    Case Number: 22-cr-00262-WJM

    MIL Security OSI

  • MIL-OSI USA: Wyden, Merkley, Shaheen, Schumer Lead Amicus Brief Supporting Oregon Attorney General Rayfield Challenging Trump Administration Abuse of Emergency Powers to Impose Tariffs

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    June 10, 2025
    Washington, D.C. – U.S. Senators Ron Wyden (D-OR) and Jeff Merkley (D-OR) today led their colleagues in filing an amicus brief in Oregon v. Department of Homeland Security, a key case led by Oregon Attorney General Dan Rayfield challenging the Trump Administration’s abuse of emergency powers to impose tariffs.
    The brief—which Wyden spearheaded with Senator Jeanne Shaheen (D-NH) and Senate Democratic Leader Chuck Schumer (D-NY)—opposes the Administration’s request for a stay of a recent court decision that struck down these tariffs.  
    “Donald Trump has been abusing the law on trade since Day One, and the result has been trade chaos that is raising prices and costing American jobs,” said Wyden, Ranking Member of the Senate Finance Committee. “I stand with AG Rayfield and Oregonians to tell the court that Congress never intended the International Emergency Economic Powers Act to be a blank check to tax everything Americans buy. The faster these tariffs are struck down and Congress restores its authority over trade and tariffs, the better it will be for American families.”
    “Trump’s illegal and chaotic tariffs are harming American consumers and businesses, leaving them to foot the bill for Trumpflation’s rising prices,” Merkley said. “While Trump is doing all he can to make life more expensive for families across the country, we’re fighting back against the Trump tariff wrecking ball with every tool at our disposal.”
    “Trump’s tariffs make everything more expensive for all of us – from the food you buy at the grocery store to your monthly utility bill, most Oregonians cannot afford $3800 a year for these tariffs,” Rayfield said. “Senator Wyden and Senator Merkley’s support in this case further illustrates how the president is misusing his emergency powers.”
     In May, the U.S. Court of International Trade held that the Trump Administration lacked authority to issue the challenged tariffs under the International Emergency Economic Powers Act (IEEPA)—a statute that no president prior to President Trump has ever tried to use to impose tariffs. The Senators’ amicus brief argues a stay should be rejected.  
    “Granting a stay will cause irreparable harm to constituents of?Amici,?particularly thousands of small and medium-sized businesses that will continue to be harmed if the President persists in collecting the unlawful IEEPA tariffs,” the senators wrote. “Small businesses do not have cash-on-hand or capital reserves to pay the increased tariffs, nor can they quickly?adapt to them by modifying supply chains.??If they cannot pass on the tariff costs to consumers—which would create additional harms for?Amici’s constituents—many face letting employees go or filing for bankruptcy. ?Even a few weeks of additional tariffs means small businesses will suffer irreparable harm.” 
    “The powers to impose tariffs and regulate international trade were given to Congress for a reason,” the senators continued. “Absent authorization from Congress to impose tariffs and approval to enter binding, durable trade agreements, it is contrary to the public interest for the President to arrogate Congress’s power to himself.” 
    “Further, the broad-based tariffs, which include extensive levies on treaty allies Japan, Canada, and members of the NATO alliance, undermine U.S. national security by weakening U.S. alliances,” the senators concluded. “Amici? regularly?interact?with U.S.-allied leaders who want to work with the U.S. on security and economic matters; IEEPA tariffs have been raised as one of the foremost irritants and obstacles to maintaining strong partnerships with the U.S. ?Multiple allied governments, including Canada, Mexico, and the European Union, have threatened retaliation targeting American exports and American companies—further compounding the economic harm to?Amici’s?constituents. ?Denying a?stay will?ensure the Administration cannot continue to usurp powers granted to Congress, and it will promote?U.S. national security and economic interests.” 
    The full amicus brief is here.
    The amicus brief was signed by Senators Tim Kaine (D-VA), Peter Welch (D-VT), Michael Bennet (D-CO), Jacky Rosen (D-NV), Ben Ray Luján (D-NM), Maria Cantwell (D-WA), Andy Kim (D-NJ), Catherine Cortez Masto (D-NV), Chris Van Hollen (D-MD), Adam Schiff (D-CA), Maggie Hassan (D-NH), Tammy Duckworth (D-IL), Angus King (I-ME), Richard Blumenthal (D-CT), John Hickenlooper (D-CO), Alex Padilla (D-CA), Chris Coons (D-DE), Dick Durbin (D-IL), Mark Warner (D-VA), Martin Heinrich (D-NM), Bernie Sanders (I-VT), Amy Klobuchar (D-MN), Raphael Warnock (D-GA), Lisa Blunt Rochester (D-DE), Mazie Hirono (D-HI), Brian Schatz (D-HI) and Edward Markey (D-MA). 

    MIL OSI USA News

  • MIL-OSI Security: FBI Dallas and the North Texas Internet Crimes Against Children Task Force Announce the Results of Operation Soteria Shield

    Source: US FBI

    The North Texas Internet Crimes Against Children Task Force and FBI Dallas’s North Texas Child Exploitation Task Force announce the conclusion of Operation Soteria Shield, a month-long collaborative enforcement effort conducted in April 2025 aimed at rescuing children from online sexual exploitation and bringing perpetrators to justice. This operation was run in conjunction with the National Internet Crimes Against Children Task Force and was jointly managed by the FBI Dallas Division, Dallas Police Department, Plano Police Department, Wylie Police Department, and Garland Police Department.

    More than 70 Texas law enforcement agencies joined forces throughout the month of April to combat the exploitation of children in the digital space. These agencies leveraged the expertise of highly skilled computer crimes investigators that worked around the clock to identify victims and apprehend offenders engaged in the production, distribution, and possession of child sexual abuse material.

    Operation Soteria Shield resulted in the rescue of 109 children and the arrest of 244 offenders. In addition to these enforcement actions, investigators seized extensive volumes of digital evidence, including terabytes of illicit data stored on electronic devices that were used in the commission of these crimes. These devices are undergoing forensic analysis and may lead to further arrests and the identification of additional victims.

    “Operation Soteria Shield brought together over 70 agencies from across the state of Texas, including police departments, federal agencies, state and federal prosecutors, children’s advocacy centers, and the National Center for Missing & Exploited Children. We had a common goal, which was to rescue children from abuse and exploitation,” said FBI Dallas Special Agent in Charge R. Joseph Rothrock. “This was not an easy operation, but a necessary one. The FBI and our law enforcement partners will continue to protect the children in our communities, and we will hold child predators accountable for their crimes.”

    “Operation Soteria Shield was a massive team effort and a powerful reminder of what we can accomplish when we unite around one clear mission: protecting our kids and holding offenders accountable. I am proud that the Dallas Police Department is the lead agency for the North Texas Internet Crimes Against Children Task Force, and am grateful for the many, many agencies who contributed to this successful operation,” said Dallas Police Chief Daniel C. Comeaux.

    “Online exploitation of children is one of the most insidious crimes we face as a society. It reaches into every community, crosses every boundary, and leaves lasting harm on its youngest victims. Operation Soteria Shield brought together an unprecedented level of collaboration and resolve to confront this crisis head-on. Through this operation, we not only rescued children from unimaginable abuse, but we also sent a clear message: those who seek to harm our children online will be found and brought to justice. Our work is far from over, but this effort has made our communities safer and brought hope to those who need it most.” Said Plano Police Chief Ed Drain.

    “The coordinated efforts of all agencies involved in Operation Soteria Shield serve as a powerful demonstration of unwavering dedication in the battle against online child exploitation. By exposing the darkest corners of the Internet, this operation has targeted predators who seek to harm vulnerable children,” said Wylie Police Chief Anthony Henderson. “The trauma inflicted by these crimes runs deep, affecting not only the victims, but also their families and entire communities. With every arrest made and every child protected, the operation moves us closer to a safer community. Every step forward in this operation reflects a shared commitment to protecting the most vulnerable and ensuring those who seek to exploit children are brought to justice.”

    “The Garland Police Department is proud to stand alongside our local, state, and federal partners in the fight against those who exploit our most vulnerable, our children. Operation Soteria Shield was more than an enforcement effort; it was a mission to rescue, protect, and restore hope,” said Garland Police Chief Jeff Bryan. “The scale of this operation sends a strong message: predators will be pursued, and survivors will never stand alone. We are grateful to the FBI, the National Center for Missing & Exploited Children (NCMEC), and all the agencies involved for their tireless work. This operation demonstrates our shared commitment to the safety of every child in every community.”

    Operation Soteria Shield stands as a powerful example of what can be accomplished with coordinated, interagency cooperation. It reflects the shared commitment of law enforcement professionals across Texas to relentlessly pursue those who prey on children and to ensure that survivors are no longer silenced or hiding in the shadows.

    The participating agencies also extend their gratitude to the National Center for Missing & Exploited Children (NCMEC) for their unwavering support. NCMEC analysts provided vital intelligence and case coordination that proved instrumental to the success of this operation.

    List of Participating Agencies:

    Abilene Police Department, Allen Police Department, Alvarado Police Department, Amarillo Police Department, Arlington Police Department, Army Criminal Investigative Division, Aubrey Police Department, Azle Police Department, Bartonville Police Department, Breckenridge Police Department, Cedar Hill Police Department, Children’s Advocacy Center of Collin County, Cleburne Police Department, Colleyville Police Department, Collin County District Attorney’s Office, Collin County Sheriff’s Office, Cooke County Sheriff’s Office, Crowley Police Department, Dalhart Police Department, Dallas Children’s Advocacy Center, Dallas Police Department, Dawson County Sheriff’s Office, Denton County Sheriff’s Office, DeSoto Police Department, U.S. Attorney’s Office for the Eastern District of Texas, U.S. Attorney’s Office for the Northern District of Texas, Ellis County Sheriff’s Office, Elm Ridge Police Department, Ennis Police Department, Euless Police Department, Fannin County Sheriff’s Office, Fate Police Department, FBI Dallas Field Office, FBI El Paso Field Office, FBI San Antonio Field Office, Fort Worth Police Department, Frisco Police Department, Garland Police Department, Grand Prairie Police Department, Grand Saline Police Department, Grayson County Sheriff’s Office, Gregg County Sheriff’s Office, Haltom City Police Department, Harrison County Sheriff’s Office, Homeland Security Investigations, Honey Grove Police Department, Hopkins County Sheriff’s Department, Hurst Police Department, Irving Police Department, Johnson County Sheriff’s Office, Joshua Police Department, Kaufman County Sheriff’s Office, Kaufman Police Department, Lamesa Police Department, Lone Star Police Department, Lubbock Police Department, McKinney Police Department, Midlothian Police Department, National Center for Missing & Exploited Children, Naval Criminal Investigative Service, North Richland Hills Police Department, Office of Inspector General, Plano Police Department, Prosper Police Department, Richardson Police Department, Richardson Police Department SWAT, Rockwall County District Attorney’s Office, Rockwall County Sheriff’s Office, Rockwall Police Department, Rowlett Police Department, Royse City Police Department, Sachse Police Department, San Antonio Police Department, Snyder Police Department, Tarrant County Human Trafficking Task Force, Tarrant County Sheriff’s Office, Terrell Police Department, Texas Department of Public Safety, University of Texas System Police, White Settlement Police Department, Wilmer Police Department, and Wylie Police Department

    MIL Security OSI

  • MIL-OSI: New Government bond series

    Source: GlobeNewswire (MIL-OSI)

    The Icelandic Treasury will issue nine new Government bond series in connection with the settlement of ÍL Fund (formerly the Housing Financing Fund). The following nominal amounts will be issued:

    Series:                         ISIN:                           Nominal value:
    RIKS 29 0917               IS0000037711             67,000,000,000 kr.
    RIKS 34 1016               IS0000037737             60,353,539,382 kr.
    RIKS 36 0815               IS0000037729             59,000,000,000 kr.
    RIKS 39 1115                IS0000037745             49,000,000,000 kr.
    RIKS 41 0815               IS0000037760             50,000,000,000 kr.
    RIKS 44 1017               IS0000037778             50,313,049,596 kr.
    RIKS 47 1115                IS0000037786             48,000,000,000 kr.
    RIKS 50 0915               IS0000037794             47,000,000,000 kr.
    RIKB 32 1015               IS0000037752             56,000,000,000 kr.

    The Government bonds will be subject to the “General terms and conditions for Icelandic Government bonds” and “Specific terms” for each bond series, which can be accessed on the Government Debt Management website, www.lanamal.is. Issuance in the above-mentioned bond series related to the winding-up of ÍL Fund may be carried out in a manner other than that described in Article 3 of the General terms and conditions for Icelandic Government bonds, dated 5 June 2025.

    The MIL Network

  • MIL-OSI: Societe Generale: shares & voting rights as of 31 May 2025

    Source: GlobeNewswire (MIL-OSI)

    NUMBER OF SHARES COMPOSING CURRENT SHARE CAPITAL AND TOTAL NUMBER OF VOTING RIGHTS AS OF 31 MAY 2025

    Regulated Information

    Paris, 10 June 2025

    Information about the total number of voting rights and shares pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulations.

    Date Number of shares composing current share capital Total number of
    voting rights
    31 May 2025 800,316,777

    Gross: 887,657,909

    Press contacts:

    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Attachment

    The MIL Network

  • MIL-OSI Security: Weston Man Pleads Guilty to Insider Trading Offense

    Source: US FBI

    David X. Sullivan, United States Attorney for the District of Connecticut, and P.J. O’Brien, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced that RYAN SQUILLANTE, 40, of Weston, waived his right to be indicted and pleaded guilty before U.S. District Judge Vernon D. Oliver in Hartford to an insider trading offense.

    According to court documents and statements made in court, working from his home, Squillante was employed as the Head of Equity Trading at Irving Investors, an investment company headquartered in Denver, Colorado.  As a result of his position at Irving Investors, Squillante received material non-public information (“MNPI”) about various publicly traded companies.  On 15 different occasions between August 2022 and May 2023, Squillante used MNPI for his own benefit by executing transactions in securities of these companies, making a total profit of $220,912.

    As an example, in February 2023, Squillante received MNPI about Praxis Precision Medicines, Inc. (“Praxis”), a clinical-stage biopharmaceutical company whose common stock traded on the NASDAQ.  Between February 27 and March 2, 2023, Squillante “sold short” 38,086 shares of Praxis at an average price per share of approximately $3.04.  On March 3, 2023, before the market opened, Praxis announced poor results from its drug trial, stating that the drug’s effects did not achieve its primary endpoint with statistical significance.  Following the announcement, Squillante “covered” his short sale by purchasing 38,086 Praxis shares at an average price per share of approximately $1.82, making a profit of approximately $46,421.

    Squillante pleaded guilty to securities fraud, an offense that carries a maximum term of imprisonment of 20 years.  Judge Oliver scheduled sentencing for August 29.

    This matter is being investigated by the Federal Bureau of Investigation with the assistance of the Securities and Exchange Commission.  The case is being prosecuted by Assistant U.S. Attorney Heather L. Cherry.

    MIL Security OSI