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Category: Finance

  • MIL-OSI Global: The UK has closed its flagship sustainable farming scheme, choosing short-term cuts over long-term security

    Source: The Conversation – UK – By Emma Burnett, Honorary Research Associate, TABLE, University of Oxford

    EMJAY SMITH / shutterstock

    The UK government’s decision to abruptly close all applications for its flagship nature-friendly farming scheme has shocked many of the country’s farmers and environmentalists.

    The sustainable farming incentive (SFI) is one of a series of schemes which pays farmers in England to nurture the soil and wildlife and improve water quality. It is far from perfect.

    People have criticised its complexity and lack of clarity, its financial viability or its impact on how farms operate and how this would change the balance between producing food and reaching environmental goals.

    It’s too early to tell if these critics were correct, but the SFI certainly provided some stability for British farmers after EU farm subsidies ended post-Brexit. It seemed poised to make some positive impact.

    The government says a revised version will be announced in the coming months, but it will be hard to regain the trust of farmers. The decision to close the scheme for now throws a stark light on a broader issue: the tendency to prioritise immediate financial needs over the long-term health of both the farming sector and the environment.

    This is a classic example of what economists call “future discounting”, and it’s a dangerous game to play when it comes to vital services.

    Essentially, future discounting means we value things more in the present than we do in the future. If you are promised £100 today, or £110 in two months, which would you take? Sometimes there’s no right or wrong answer – do what you think is right for you with that £100. But sometimes… well, sometimes there is a right answer.

    The value of now, the value of the future

    The SFI scheme offers vital support for sustainable practices that, while crucial, often require upfront investment. This includes cover cropping, for example, where a crop is grown simply to cover a field rather than to be harvested.

    Cover cropping can help rejuvenate soils and is good for insects, but there are costs attached to purchasing the seeds, sowing them, and missing out on income by not growing a commodity crop.

    Other investment examples might involve creating grassland or ponds and ditches to hold back rainwater and prevent floods. These things have an immediate impact on farm output and activities, but with an eye to longer-term benefit.

    Investment in soil health might lower yields in the short run, but should pay off in the long run.
    William Edge / shutterstock

    The sudden closure of the scheme creates an immediate financial vacuum for those who missed the (unannounced) window. Thankfully, farmers with existing agreements will continue within the scheme, and applications that had been submitted prior to the sudden closure will still be assessed.

    However, even for those who are currently enrolled, this about-face instils fear that support will be withdrawn in the years to come – long before something like an expanded woodland has come to fruition.

    The government says that it has run out of money for the current budget cycle. Rather than celebrating the fact that so many farmers want to be involved, want to do adopt better farming practices and act as custodians of nature, it instead panicked and shut people out.

    Too much demand for a nature-friendly future, not enough cold hard cash. And now we can see how the discounting works – the perceived urgency of cashflow today overshadows the long-term benefits of healthy soil, thriving biodiversity, and a resilient ecosystem.

    There are specific actions that SFIs are meant to support, including soil health, water quality, biodiversity and pest management. Each of these requires investment to manage, and to rectify when things go wrong (see the huge fines for water companies).

    For example, it is easier to address issues of water quality by supporting better land use – reduced agri-chemicals, more grassland, tree cover, and so on – than to treat poor water quality downstream.

    But farmers operate both within tight financial margins and on long time-scales. They need security of income to plan land use, including whether they can afford to implement alternative strategies. But they do want to. That’s why there’s been so much demand for SFIs.

    A false economy

    Sympathy could be rustled up for the government, trying to manage complex budgets in a complicated time. But it has made one misstep after another in relation to both food and farming (farmer protests over inheritance tax, for instance) and the environment (such as the planned Heathrow airport expansion)).

    So while immediate fiscal prudence is important, ignoring the long-term consequences of environmental degradation is a false economy. We have a responsibility to value the future as much as the present. Failing to do so will have serious consequences for our environment, our food security, and the well-being of future generations.

    Rather than discounting futures, we should be doing the opposite – negative futures discounting. It sounds upside-down, but it boils down to this: we should value the future more, not less.

    In particular, we should be focused on nurturing good farming and environmental protection. These should take centre stage as mission critical things that we need, and not just for now, but always.

    The sustainable farming incentive shutdown is another chance to reflect on the fact that farming and environmental sustainability are not luxuries, but necessities. We cannot afford to continually discount the future, sacrificing the future of farming and the environment for the sake of short-term finance. It’s time to re-evaluate our priorities.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.


    Emma Burnett has previously received funding from sankalpa. She also works as a sustainability researcher for a whisky company.

    – ref. The UK has closed its flagship sustainable farming scheme, choosing short-term cuts over long-term security – https://theconversation.com/the-uk-has-closed-its-flagship-sustainable-farming-scheme-choosing-short-term-cuts-over-long-term-security-252326

    MIL OSI – Global Reports –

    March 19, 2025
  • MIL-OSI Security: Lackawanna County Man Sentenced to 96 Months’ Imprisonment for Theft of Major Artwork

    Source: Federal Bureau of Investigation (FBI) State Crime News

    SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Thomas Trotta, age 49, of Dunmore, Pennsylvania, was sentenced on March 13, 2025, to 96 months’ imprisonment, to be followed by a term of supervised release, and to pay restitution in the amount of $2,759,073, by U.S. District Judge Malachy E. Mannion for one count of theft of major artwork.

    According to Acting United States Attorney John C. Gurganus, Trotta had previously pleaded guilty to one count of theft of major artwork, and admitted to stealing the following:

    • “Le Grande Passion” by Andy Warhol and “Springs Winter” by Jackson Pollock stolen in 2005 from the Everhart Museum in Scranton, Pennsylvania;
    • Nine (9) World Series rings, seven (7) other championship rings, and two (2) MVP plaques all belonging to Yogi Berra, worth over $500,000 stolen in 2014 from the Yogi Berra Museum & Learning Center in Little Falls, New Jersey;
    • Six (6) championship belts, including four belonging to Carmen Basilio and two belonging to Tony Zale stolen in 2015 from the International Boxing Hall of Fame in Canastota, New York;
    • The Hickok Belt and MVP Trophy belonging to Roger Maris, stolen in 2016 from the Roger Maris Museum in Fargo, North Dakota;
    • The U.S. Amateur Trophy and a Hickok Belt awarded to Ben Hogan, stolen in 2012 from the USGA Golf Museum & Library;
    • Fourteen (14) trophies and other awards worth approximately $300,000 stolen in 2012 from the Harness Racing Museum & Hall of Fame in Goshen, New York;
    • Five (5) trophies worth over $30,000, including the 1903 Belmont Stakes Trophy, stolen in 2013 from the National Racing Museum & Hall of Fame in Saratoga Springs, New York;
    • Three antique firearms stolen in 2006 from Space Farms: Zoo & Museum in Wantage, New Jersey;
    • A 1903/1904 Tiffany Lamp stolen in 2010 from the Lackawanna Historical Society in Scranton, Pennsylvania,
    • “Upper Hudson” by Jasper Crospey, worth approximately $120,000, stolen in 2011 from Ringwood Manor in Ringwood, New Jersey;
    • Antique firearms worth over $150,000, stolen in 2011 from Ringwood Manor in Ringwood, New Jersey;
    • Hundreds of thousands of dollars’ worth of gold nuggets stolen in 2011 from the Sterling Hill Mining Museum in Ogdensburg, New Jersey;
    • An antique shotgun worth over $30,000 stolen in 2018 from Space Farms: Zoo & Museum in Wantage, New Jersey;

    Trotta committed the above thefts as part of a larger, eight-person conspiracy.  After a month-long trial held earlier this year, co-conspirators Nicholas Dombek, age 54, of Thornhurst, Pennsylvania, Damien Boland, age 48, of Moscow, Pennsylvania, and Joseph Atsus, age 48, of Roaring Brook, Pennsylvania, were convicted of conspiracy to commit theft of major artwork, concealment and disposal of major artwork, and interstate transportation of stolen property, as well as multiple related substantive offenses. They are presently pending sentencing.

    Three additional co-conspirators pleaded guilty pursuant to felony informations and were sentenced by Judge Mannion earlier this year. They include:

    • Dawn Trotta, age 53, of Dunmore, Pennsylvania, who was sentenced to 15 months’ imprisonment for conspiracy to commit theft of major artwork, concealment and disposal of major artwork, and interstate transportation of stolen property;
    • Frank Tassiello, age 52, of Taylor, Pennsylvania, who was sentenced to six months’ imprisonment for conspiracy to commit theft of major artwork, concealment and disposal of major artwork, and interstate transportation of stolen property; and
    • Ralph Parry, age 47, of Springbrook Township, Pennsylvania, who was sentenced to three years of probation as well as a period of home-confinement for conspiracy to commit theft of major artwork, concealment and disposal of major artwork, and interstate transportation of stolen property.

    After stealing the above-described items, the conspirators would transport the stolen goods back to northeastern Pennsylvania, often to the residence of Dombek, and melt the memorabilia down into easily transportable metal discs or bars.  The conspirators would then sell the raw metal to fences in the New York City area for hundreds or a few thousands of dollars, significantly less than the sports memorabilia would be worth at fair market value.

    Dombek burnt the painting “Upper Hudson” by Jasper Crospey, valued at approximately $100,000, to avoid the painting being recovered by investigators and used as evidence against the members of the conspiracy. The whereabouts of many of the other paintings and stolen objects are currently unknown, however, several antique firearms stolen from the Space Farms: Zoo and Museum and the Ringwood Manor Museum, both in New Jersey, were recovered by investigators.

    The matter was investigated by the Federal Bureau of Investigation (FBI), the Pennsylvania State Police, the New Jersey State Police, the New York State Police, the New Jersey State Park Police, the Newport Police Department (Rhode Island), the Fargo Police Department (North Dakota), the Chester Police Department (New York), the Exeter Borough Police Department (Pennsylvania), the Scranton Police Department, the Franklin Police Department (New Jersey), the Village of Goshen Police Department (New York), the Metropolitan Police Department (Washington, D.C.), the West Milord Township Police Department (New Jersey), the Montclair Police Department (New Jersey), the Saratoga Springs Police Department (New York), the Canastota Police Department (New York), the South Abington Police Department (Pennsylvania), the Bernards Township Police Department (New Jersey), the Salisbury Township Police Department (Pennsylvania), the Montclair State University Police Department (New Jersey) the Lackawanna County District Attorney’s Office (Pennsylvania), the Sussex County Prosecutor’s Office (New Jersey), the Essex County Prosecutor’s Office (New Jersey), the Orange County District Attorney’s Office (New York), and multiple other local law enforcement agencies from across the country.   

    Assistant United States Attorneys James M. Buchanan, Jenny Roberts, and Sean Camoni prosecuted the case.

    # # #

    MIL Security OSI –

    March 19, 2025
  • MIL-OSI Security: Carbon County Man Sentenced to 240 Months in Prison for Producing Child Pornography

    Source: Federal Bureau of Investigation (FBI) State Crime News

    SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Ignacia Salcido-Lopez, age 19, of Lake Harmony, Pennsylvania, was sentenced on March 13, 2025, to 240 months’ imprisonment by U.S. District Judge Malachy E. Mannion for producing child pornography.

    According to Acting United States Attorney John C. Gurganus, between December 23, 2023, and January 14, 2024, Salcido-Lopez produced hundreds of images of child pornography involving two children, ages seven and three, that he was babysitting. 

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

    This case was investigated by the Federal Bureau of Investigations and prosecuted by Assistant United States Attorney Jenny P. Roberts.

    ###

    MIL Security OSI –

    March 19, 2025
  • MIL-OSI Security: Former Mt. Carmel Borough Police Officer Pleads Guilty to Conspiring to Violate Civil Rights

    Source: Federal Bureau of Investigation (FBI) State Crime News

    HARRISBURG – The United States Attorney’s Office for the Middle District of Pennsylvania announced that former Lt. David Donkochik, age 53, of the Mt. Carmel Borough Police Department, pleaded guilty yesterday before U.S. Chief District Judge Matthew W. Brann, to conspiring to use excessive force when arresting people over a three-year period.

    According to Acting United States Attorney John C. Gurganus, former Lt. Donkochik was previously indicted on June 15, 2023, with former Officer Jonathan McHugh, age 36, and former Officer Kyle Schauer, age 36, on charges of conspiracy to deprive rights under color of law.  Donkochik, McHugh, and Schauer conspired to violate the civil rights of those they arrested from 2018 to 2021.  During 22 different arrests, one or more of the defendants kicked, punched, choked, or otherwise used excessive force against those they were arresting.  In those arrests, they caused bodily injuries to their victims.

    Donkochik, McHugh, and Schauer also took steps to ensure that video of the arrests was not captured by police cameras, or if footage that incriminated them was captured, took steps to ensure that footage was not preserved.  They falsely reported that arrestees acted in a manner requiring violence and then charged arrestees with aggravated assault, resisting arrest, and related offenses to conceal their own use of violence.  

    Schauer pleaded guilty on October 24, 2024, to conspiracy to deprive rights under color of law. 

    The case was investigated by the Federal Bureau of Investigation (FBI) and the Pennsylvania State Police.  Assistant U.S. Attorneys Michael A. Consiglio and Carlo D. Marchioli and are prosecuting the case.

    The maximum penalty under federal law for this offense is 10 years of imprisonment, a term of supervised release following imprisonment, and a fine. A sentence following a finding of guilt is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines.

    # # #

    MIL Security OSI –

    March 19, 2025
  • MIL-OSI Security: City Man Charged in 2023 Kidnapping, Death of Philadelphia Man Abducted Outside His Home

    Source: Federal Bureau of Investigation (FBI) State Crime News

    PHILADELPHIA – United States Attorney David Metcalf announced that Tyheem Tyler, 34, of Philadelphia, Pennsylvania, was arrested and charged by indictment with conspiracy to commit kidnapping, kidnapping resulting in death, and aiding and abetting.

    The indictment alleges that on or about March 6, 2023, the defendant traveled to Wey Um’s place of business in Philadelphia and participated in a robbery of Wey Um at gunpoint.

    The indictment further alleges that in the early hours of March 31, 2023, Tyler and his co-conspirators drove a Ford Explorer SUV to Wey Um’s Philadelphia home, kidnapped Wey Um from outside of his residence, and at approximately 2:12 a.m., drove Wey Um in the Ford Explorer to a location near the Delaware River in Philadelphia.

    As alleged, Tyler knowingly, willfully, and unlawfully seized, confined, kidnapped, abducted, carried away, and held, and aided and abetted the unlawful seizing, confining, abduction, carrying away, and holding of, Wey Um, deceased, for ransom, reward, and otherwise, resulting in the death of Wey Um, and in committing and in furtherance of the commission of the offense used means, facilities, and instrumentalities of interstate commerce.

    If convicted, the defendant faces a maximum possible sentence of life imprisonment or death.

    The case was investigated by the FBI Violent Crimes Task Force and the Philadelphia Police Department and is being prosecuted by Assistant United States Attorneys Everett Witherell and Timothy Lanni.

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

    MIL Security OSI –

    March 19, 2025
  • MIL-OSI Security: Southern District of Texas Charges Nearly 250 People in Second Week of March in Relation to Border Enforcement Efforts

    Source: Federal Bureau of Investigation (FBI) State Crime News

    HOUSTON – A total of 245 new cases have been filed in the last week related to immigration and border security, announced U.S. Attorney Nicholas J. Ganjei. 

    Of those, 115 are charged with illegally re-entering the country with the majority having felony convictions such as narcotics, violent and/or sexual crimes and prior immigration offenses. A total 118 face charges of illegally entering the country, 10 cases involve various instances of human smuggling, and the remainder relate to firearms and assault of federal officers. 

    Of those facing allegations of illegally re-entering the country is Santos Demetrio Marquez-Hernandez from El Salvador. The criminal complaint indicates he has a felony conviction of contact with a minor with sexual intent and was removed just over two months ago on Jan. 8. He could receive up to 20 years in U.S. prison.

    Juan Daniel Pena and Jose Cristian Cantu Jr. were also arrested this week for attempting to smuggle 15 aliens through the Border Patrol checkpoint near Sarita. The charges allege the aliens, who were from El Salvador, Guatemala, Honduras and Vietnam, were hidden inside two trucks being hauled on a flatbed trailer. Five of the illegal aliens were allegedly previously ordered removed from the United States and are now facing their own charges of illegal reentry into the United States.

    Relevant cases also featured this week include an Arkansas man who was found guilty of transporting illegal aliens in a truck’s wheel well and fuel tank. The jury deliberated for under 30 minutes following a less than two-day trial before finding Noel Mercado guilty on two counts of alien smuggling. An x-ray scan revealed at least two individuals in the truck’s wheel wells – found bolted inside modified wheel well compartments. Law enforcement also discovered two more individuals in the auxiliary fuel tank below the truck bed. All four were illegal aliens from the countries of Honduras, El Salvador and Guatemala with no authority to be in the United States. 

    Among those charged this week also includes Gerardo Hervey Rodriguez-Toscano, a Mexican citizen who allegedly ran up the Mexican side of the Hidalgo port of entry and attempted to evade U.S. law enforcement at the midpoint. Authorities were able to detain him, but after a struggle, according to the allegations. One officer allegedly suffered injuries to his wrist, knee and elbow. If convicted, Rodriguez-Toscano faces up to eight years in prison.

    In addition, a Honduran man attempted to enter the country illegally by pretending to be a minor. Elger Fabricio Cotto-Navarro claimed he was born in May 2007, when he was actually born the previous year. He initially denied the allegations and made a written statement as such, but ultimately acknowledged he was an adult and that he provided an incorrect date of birth and made false statements.   

    These cases were referred or supported by federal law enforcement partners, including Immigration and Customs Enforcement (ICE) – Homeland Security Investigations, ICE – Enforcement and Removal Operations, Border Patrol, Drug Enforcement Administration, FBI, U.S. Marshals Service, Department of Health and Human Services – Office of Inspector General and Bureau of Alcohol, Tobacco, Firearms and Explosives with additional assistance from state and local law enforcement partners.

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

    Under current leadership, public safety and a secure border are the top priorities for the Southern District of Texas (SDTX). Enhanced enforcement both at the border and in the interior of the district have yielded aliens engaged in unlawful activity or with serious criminal history, including human trafficking, sexual assault and violence against children.  

    The SDTX remains one of the busiest in the nation. It represents 43 counties and more than nine million people covering 44,000 square miles. Assistant U.S. Attorneys from all seven divisions including Houston, Galveston, Victoria, Corpus Christi, Brownsville, McAllen and Laredo work directly with our law enforcement partners on the federal, state and local levels to prosecute the suspected offenders of these and other federal crimes. 

    An indictment or criminal complaint is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

    MIL Security OSI –

    March 19, 2025
  • MIL-OSI Security: Western District of Texas Exceeds 200 New Immigration Cases in Four Days

    Source: Federal Bureau of Investigation (FBI) State Crime News

    SAN ANTONIO – Acting United States Attorney Margaret Leachman for the Western District of Texas announced today, that federal prosecutors in the district filed 215 immigration and immigration-related criminal cases from March 10 through March 13.

    In Austin, several individuals were charged with illegal reentry after deportation, after being found in local area jails. Among those were Ricardo Hernandez-Hernandez, a Mexican national who had allegedly been previously removed from the United States to Mexico on two prior occasions and had been convicted of indecency with a child sexual contact and failure to register as a sex offender; Andres Garcia-Saldana, a Mexican national who had allegedly been previously removed from the United States on four occasions and had been convicted of intoxication assault with a vehicle causing serious bodily injury and driving while intoxicated three times—the third time being a felony conviction; Hernan Vasquez-Medina, a Mexican national who had allegedly been removed from the United States three times before and had been convicted of making a terroristic threat and driving while intoxicated three times—like Garcia-Saldana, Vasquez-Medina’s third DWI was charged as a felony as well; and Jaime Ricardo Lopez-Rojas, a Mexican national who had allegedly been removed from the United States a total eight times and had been convicted of illegal entry twice, illegal reentry after deportation four times, driving while intoxicated three times, and family violence assault causing bodily injury.

    In the Midland-Odessa area, two individuals with prior federal convictions were found in local area jails and were charged with illegal entry after deportation. Mexican national Saul Villalobos-Vasquez was allegedly removed from the United States once before and convicted in the Eastern District of Texas for unauthorized use of a social security number for which he had been sentenced to 12-months imprisonment in 2016.  Daniel Olivas-Nieto, also a Mexican national, had been allegedly removed from the United States and was previously convicted in the Western District of Texas for the illegal transportation of aliens for financial gain, for which he was sentenced to nine months imprisonment.

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

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

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

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

    ###

    MIL Security OSI –

    March 19, 2025
  • MIL-OSI: The recording of Šiaulių Bankas Investor Conference Webinar on Rebranding

    Source: GlobeNewswire (MIL-OSI)

    During the Investor Conference Webinar Vytautas Sinius, CEO and Raimonda Gudaitė, CMO introduced new Bank’s brand and answered questions of participant afterwards.

    The recording of it can be found on Šiaulių Bankas YouTube channel here.

    Presentation and the recording of webinar are also posted on the Bank’s website https://www.sb.lt/en/investors

    Šiaulių bankas thanks all participants.

    If you would like to receive Šiaulių Bankas news for investors directly to your inbox, subscribe to our newsletter.

    Additional information:

    Tomas Varenbergas

    Head of Investment Management Division

    tomas.varenbergas@sb.lt

    The MIL Network –

    March 19, 2025
  • MIL-OSI: KIS Bridging Loans announces new research on “The Trump Effect”

    Source: GlobeNewswire (MIL-OSI)

    London, UK , March 18, 2025 (GLOBE NEWSWIRE) — With the 2024 US presidential election looming, the global financial landscape is bracing for potential volatility. In a newly published article, KIS Bridging Loans explores the implications of ‘The Trump Effect’ on the UK’s economy, interest rates, and investment trends. Read the full analysis here.

    Worldwide Rare Earth Deposits

    The article delves into how market fluctuations, investor sentiment, and trade policies influenced by a possible second Trump administration could affect UK businesses and borrowers. Historically, political shifts in the United States have had a ripple effect on global financial markets, and the UK is no exception.

    “Uncertainty breeds caution in the financial sector, and we’re already seeing a shift in lending patterns,” said [Spokesperson Name], a financial expert at KIS Bridging Loans. “Investors and borrowers alike are closely watching the US election, as the outcome could have significant consequences for interest rates and economic stability in the UK.”

    The in-depth analysis covers key factors such as:

    • The potential impact of Trump’s economic policies on UK trade and investment
    • Fluctuations in the stock market and how they influence UK lending conditions
    • What property investors and homebuyers should anticipate in a changing economic climate

    As financial institutions navigate these uncertain times, KIS Bridging Loans remains committed to providing insights and flexible financing solutions to help borrowers stay ahead of market shifts.

    To read the full article and stay informed on how political developments may shape the UK economy, visit https://www.kisbridgingloans.co.uk/finance-news/the-Trump-effect/.

    The MIL Network –

    March 19, 2025
  • MIL-OSI Russia: Dmitry Chernyshenko: 100 universities from 41 regions of the country have been selected for the main track of the Priority-2030 program

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The list of participants in the main track was approved by the Council for the Support of Universities Development Programs – Participants of “Priority 2030”, chaired by the Minister of Education and Science Valery Falkov.

    Deputy Prime Minister Dmitry Chernyshenko emphasized that the updated architecture of the Priority 2030 program evaluates the target model of the university and its focus on achieving technological leadership by our country. Russian President Vladimir Putin emphasized this in his Address to the Federal Assembly.

    “Since this year, the updated Priority 2030 program has been implemented within the framework of the Youth and Children national project. It encourages universities to set ambitious goals and restructure internal processes. An important result is the strengthening of the connection between universities and the real sector of the economy. Since the launch of the program in 2021, the amount of funds invested in the development programs of participating universities by technology partners has doubled – up to 61 billion rubles last year. At the same time, the number of technology partners has also increased – there are already almost 12.5 thousand of them,” the Deputy Prime Minister noted.

    A distinctive feature of the current council was the new view of universities on their development programs – the focus of the universities was on specific projects for interaction with industry, emphasized the head of the Ministry of Education and Science, Valery Falkov.

    “This is a serious challenge and an important stage for most universities. Each participant presented a specific technology project, through which we assessed all the work, the entire concept of the university for its development strategy. It is especially pleasant to note that heads of regions and representatives of federal ministries came to support their universities. At the defense in each team of participating universities there were top managers, heads of large companies – partners of the universities. All this speaks to the growing role of the program itself and universities in the country’s economy,” said Valery Falkov.

    An expert group of researchers representing various subject areas was formed to evaluate strategic technology projects and monitor their implementation. They assessed how ambitious, realistic and resourced the projects submitted by universities were.

    Based on the results of the selection, the first group included 11 universities, each of which will receive about 1 billion rubles. The second group included 21 universities, each of which will receive 460 million rubles. The third group included 68 universities – each of them will receive up to 100 million rubles. Subsidy funds can be used to build a system of incentive payments for faculty, develop university infrastructure, purchase high-tech equipment, attract world-class researchers to universities, and organize scientific events.

    The total amount of funds that will be distributed among 100 universities will be 27.8 billion rubles. It is important that about 70% of recipients of subsidies under the Priority program are regional universities.

    22 universities have received candidate status in the main track of the Priority and will implement their programs independently using their own funds and attracted financing. During this period, the university has the opportunity to apply for a grant. Financing is provided subject to the successful implementation of the development program and a positive assessment by the collegial bodies of the Priority-2030 program.

    The approved list of participants and candidates for the 2025 program can be found atlink.

    Let us remind you that in addition to the main track, “Priority” includes a creative track (based on it, 5 universities of the Ministry of Culture were selected) and Far Eastern (It included 14 universities of the Far Eastern Federal District). Thus, 119 universities will receive support under the program this year.

    Priority 2030 is the largest state university support program in the modern history of Russia, successfully implemented since 2021. Its goal is to concentrate resources to ensure the contribution of Russian universities to the achievement of the national development goals of the Russian Federation for the period up to 2030, to increase the scientific and educational potential of universities and research organizations, and to ensure the participation of higher education institutions in the socio-economic development of the constituent entities of the Russian Federation.

    This year, the Priority 2030 program is focused on achieving technological leadership as one of Russia’s national development goals. Each participating university included in its development program up to three strategic technological projects planned for implementation by 2030 and for the long term up to 2036.

    Thanks to the strengthening of ties with the real sector of the economy in 2021–2024, the number of scientific and technological projects implemented by Priority participants more than doubled – from 3.2 thousand to 7.1 thousand.

    An important achievement of the program is the influx of applicants to participating universities, most of which are located in the regions. Today, they have 200 thousand more students than in 2021.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    March 19, 2025
  • MIL-OSI United Nations: 18 March 2025 Departmental update New Health Investment Platform to improve primary health care convenes its first Steering Committee

    Source: World Health Organisation

    Yesterday the Health Impact Investment Platform (HIIP) held its inaugural Steering Committee meeting, marking a significant milestone in advancing innovative financing for global health. As the Platform’s highest decision-making body, the Committee – consisting of representatives from the World Health Organization (WHO), the European Investment Bank, and the Islamic Development Bank – reviewed progress, endorsed key governance and operational priorities, and provided strategic guidance on HIIP’s efforts to expand primary health care (PHC) services in low- and middle-income countries. The meeting represents a significant step forward in advancing sustainable financing solutions for global health.

    The HIIP was unveiled during the Summit for a New Global Financing Pact in Paris in 2023, and is a landmark partnership between WHO, multilateral development banks and beneficiary countries. Amid a US$ 371 billion annual health financing gap for health-related Sustainable Development Goals (SDGs) and a US$ 31.1 billion annual funding requirement for pandemic preparedness, the Platform innovates multilateral solutions to increase the share of development funding going to the health sector. Integrating technical expertise, financial resources and local knowledge into impactful, country-driven investments in vulnerable communities, the Platform has mobilized over US$ 30 million of investment for WHO to support countries in developing prioritized investment plans for potential support from MDBs and donors.

    The Platform aims to use these plans to generate over US$1.5 billion funding for low- and middle-income country governments to build resilience against pandemic threats and the climate crisis.

    “Primary health care is the cornerstone of equitable, cost-effective, and inclusive health systems,” said Catharina Boehme, Assistant Director-General at the World Health Organization. “The Health Impact Investment Platform is a transformative initiative to mobilize financing for climate-adaptive and crisis-resilient primary health care in the countries that need it most. WHO is proud to partner with multilateral development banks and countries to ensure these funds deliver tangible impact for the communities we serve.”

    The First Steering Committee builds on months of progress since the Platform’s official launch in September 2024, with early-stage engagements in more than 10 countries. During the meeting, Committee members approved key operational documents for the platform, reviewed Concept Notes developed to operationalize primary health care investments in Burundi, The Gambia, Guinea Bissau, Kazakhstan, Maldives, Morocco and Zambia and formally approved the Proposal for Action in Ethiopia, unlocking funding to support the finalization of its national PHC investment plan. Members reinforced the platform’s core focus on scaling primary health care investments, accelerating progress toward universal health coverage, and strengthening health system resilience in low- and middle-income countries.

    Issa Faye, Director General of Global Practice and Partnerships at the Islamic Development Bank noted, “We are committed to catalyzing impactful, sustainable investments that strengthen health systems in low- and middle-income countries. Today’s discussions reaffirmed our shared vision and commitment to scaling up investment in primary health care, ensuring that no country is left behind in achieving universal health coverage and pandemic preparedness.”

    The next Steering Committee meeting will convene on the margins of the Seventy-Eighth World Health Assembly (19–27 May 2025), where progress on Ethiopia’s investment plan and new country engagements will be reviewed.

    Thomas Östros, Vice President at the European Investment Bank and the newly appointed Chair of the Steering Committee emphasized, “The Health Impact Investment Platform is a unique opportunity to bridge the health financing gap and drive sustainable investments where they are most needed. As we look ahead to the next Steering Committee, our focus remains on turning commitments into action. We call on all stakeholders to join us in expanding access to quality primary health care, ensuring that investments today translate into stronger, more resilient health systems for the future.”

    Going forward, the HIIP will deepen engagements with the first wave of applicants and expand support to other interested countries. Eligible countries for the HIIP include low- and middle-income countries which are a country of operation for at least one of the partner Multilateral Development Banks. Governments seeking to strengthen PHC through tailored technical assistance and investment support are invited to express their interest via an email addressed to hiip_secretariat@who.int.

    MIL OSI United Nations News –

    March 19, 2025
  • MIL-OSI Security: Pasco Tow Truck Operator Charged with Firearm Offense

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    Richland, Washington – The United States Attorney’s Office for the Eastern District of Washington announced today that Socorro Jesus Lopez-Spindola, 59, has been charged by criminal complaint with one count of Felon in Possession of a Firearm. Lopez-Spindola was arraigned on March 13, 2025, before the U.S. District Court in Richland, Washington.

    According to court documents, in November of 2024, Pasco Police detained Lopez-Spindola in connection to an investigation involving robbery, extortion, and threats to kill. Pasco Police also obtained a search warrant for the business Classic Towing and Recovery, which is owned and operated by Lopez-Spindola. During a search of Lopez-Spindola’s office, investigators allegedly located a loaded .22 caliber revolver in a desk drawer.

    Prior to November of 2024, Lopez-Spindola had been convicted of a number of crimes, including an Unlawful Reentry after Deportation conviction.

    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).

    This case is being investigated by the FBI and the Pasco Police Department. It is being prosecuted by Assistant United States Attorney Brandon L. Pang.

    4:25-mj-07039-ACE

    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 –

    March 19, 2025
  • MIL-OSI Economics: Samsung Names 10 National Finalists in Solve for Tomorrow STEM Competition

    Source: Samsung

    Demonstrating that Gen Z and Gen Alpha students embody “STEMpathy”—the fusion of STEM (Science, Technology, Engineering, and Mathematics) skills and a compassionate drive to solve community challenges—Samsung Electronics America has announced the 10 National Finalist schools advancing in the 15th annual Samsung Solve for Tomorrow competition. Selected based on the project pitch videos submitted by this year’s 50 State Winners, each Finalist team will be awarded a prize package of $50,000 in Samsung technology and classroom supplies, and will advance to the final competition round.
    Samsung Solve for Tomorrow challenges public school students in grades 6-12 to drive positive change in their communities by applying STEM know-how to address real-world, pressing local issues. Celebrating its 15th year, the award-winning education-based citizenship program launched in 2010 with a mission to boost interest, proficiency, and equity in STEM. Over the years, it has become a force for reshaping the perception of STEM as a vital field for fostering a skilled workforce and informed citizens of tomorrow. To date, Samsung has awarded more than $27 million in resources to nearly 4,000 public schools across the U.S.
    This year, with guidance from their teachers, schools, Samsung employee mentors, and local businesses and public officials, the Finalist teams—half of which are from Title 1 schools—will complete their STEM solution prototypes and present them to a panel of judges at a live pitch event on April 28, 2025 in Washington, D.C. The impressive array of bright ideas utilize cutting-edge technologies like artificial intelligence and machine leaning (60%), 3D modeling and printing (60%), Internet of Things (40%) and robotics (20%) to address key challenges in accessibility, public health, public safety, sustainability, and mental health.

    Three schools will ultimately be named National Winners, selected by a distinguished judging panel that includes Charlotte Dungan, Chief Learning Officer at the Mark Cuban Foundation, Rameen Rana, Investor, at Samsung NEXT, and other esteemed judges. Notable guests attending the event include Yoonie Joung, President and CEO of Samsung Electronics North America, and Allison Stransky, CMO of Samsung Electronics America.
    “Watching Year 15 of Samsung Solve for Tomorrow unfold, it’s clear that care, compassion and creative genius are alive and well among America’s 6-12 grade students,” said Stransky. “It’s inspiring to see Gen Z and Gen Alpha, as digital natives, embracing emerging tech like AI and harnessing it to improve lives and communities. We are proud to recognize not only the National Finalists but also the many students from schools across the country who participated this year, contributing their innovative ideas and showcasing the incredible promise of the next generations.”
    Salman Taufiq, Head of Brand Marketing, Samsung Electronics America, added, “Solve for Tomorrow highlights the incredible potential of young minds. We are proud to see so many bright and passionate students are ready contribute to the growth and progress of our communities and country. As they embrace the power of STEM, they’re not just learning—they’re actively shaping a future where innovation and technology create real, positive impact.”
    Introducing the 10 National Finalists

    SchoolCity/StateCommunity Issue, STEM Solution & Video
    Lathrop High SchoolFairbanks, AKPublic Safety – Winter Driving: Snow-covered roads obscure lane markings, causing dangerous driving conditions that contribute to nearly 300,000 crashes per year on the 70% of U.S. roads that experience snow-related reduced winter safety. Students developed Laser Lane Lines – a solution that uses AI, robotics, and GPS tech to project laser lane markings onto snow-covered roads. Their application of STEM makes driving on snowy roads much safer for residents of Alaska and winter drivers across the country. https://youtu.be/UHzK9OWp0r8
    Bentonville West High SchoolCenterton, ARPublic Health – Cancer: Oral cancer causes 170,000 deaths annually, with early detection critical to saving lives. In Arkansas, limited access to affordable specialists and diagnostics makes detection especially challenging, particularly in rural and low-income areas. In 2024, 90% of residents didn’t visit a dentist. To address this, students developed an AI-powered mobile cancer screening app, allowing users to take images of their mouths and self-screen for oral cancer—offering an affordable, accessible early detection solution. https://youtu.be/f0uTMiuasF8
    Aurora Highlands P-8Aurora, COAccessibility – Gaming: Gaming isn’t just about high scores—it’s a way to connect, compete, and build friendships. But many games come with controllers that aren’t built for players with physical disabilities or who lack fine motor precision, leading to a risk of social isolation. Using 3D modeling, printing, and coding to design a customizable, affordable controller, middle schoolers developed an adaptive video game controller for gamers with diverse abilities, make gaming more inclusive. https://youtu.be/b_-mV_ld8uo
    Academy of Aerospace and EngineeringWindsor, CTClimate Action – Heat Disparities: In approximately 65 U.S. cities, the Urban Heat Island (UHI) effect causes temperatures to rise by 8°F for 34 million people, a significant temperature increase that impacts public health and sustainable city development. To identify locations with heat-absorptive surfaces (e.g., dark pavement, roofs) or areas lacking cooling vegetation, high school students created H.E.A.T.M.A.P., an AI-powered app using 3D-printed, solar-powered IoT sensors with thermal imaging to track, predict, and mitigate UHI locations in real-time, combatting climate-driven heat disparities. https://youtu.be/MZ2a3BZEHzI
    Charter School of WilmingtonWilmington, DEPublic Health – Physician Shortage: Delaware’s physician shortage has left several counties without adequate access to healthcare, causing primary care wait times to soar by nearly 200%. High school students developed the AKQUA-Gel hydrogel bandage—a smart, AI-powered smart bandage with IoT sensors and 3D-printed components that monitors wound healing in real-time. Linked to a mobile app, it tracks biomarkers like moisture, pH, and oxygen, providing data to patients and doctors, advancing treatment, and reducing hospital congestion by enabling remote wound monitoring. https://youtu.be/Vs-Ou3CnCZg
    Bloomington High School SouthBloomington, INAccessibility – Sports: Nearly 20% of Americans experience hearing loss, and with 8 million high school athletes participating in sports, many are at risk of damaging their hearing aids during physical activities. Current solutions are bulky and non-compliant. Storm Shield, a lightweight, eco-friendly headband, protects hearing aids from wind, rain, and impact using hydrophobic mesh and a wireless motion sensor for safety. Combining material science, programming, IoT, machine learning, and 3D printing, this all-girl student-led project offers an affordable, sustainable, and innovative solution for athletes’ hearing aid protection. https://youtu.be/PlQEmMA2O9w
    Denham Springs High SchoolDenham Springs, LASustainability – Water Quality: To address community concerns about the potential risks of carbon capture and storage (CCS) projects in Lake Maurepas in Southeastern Louisiana, students developed the Safety C Sensor and app. Using AI and IoT, the system monitors carbon levels and alerts users to potential dangers like leaks. This initiative combines engineering, data science, and community education to ensure safety and raise awareness. https://youtu.be/-ZXrb92NUvw
    Edgerton Elementary SchoolMaplewood, MNPublic Safety – Ice Hazard: Minnesota’s frozen lakes pose a serious safety risk, with numerous fatalities each winter from falling through ice. To address this, middle school students developed Ice Savers, a sensor system that measures ice thickness and shares real-time data through a mobile app. Using ultrasonic sensors, buoys, and AI-driven analysis, their solution helps prevent accidents by informing users when lake ice is safe to walk on. https://youtu.be/LzUOlEAJ-0w
    Doral Academy of Northern NevadaReno, NVAccessibility – Modular Prosthetic: At Doral Academy, a student with a partial arm amputation couldn’t play the violin, a passion of theirs. To help, classmates came together to create a cost-effective, 3D-printed modular prosthetic. By using CAD software and recyclable PLA, the middle schoolers crafted a solution that’s not only functional but adaptable. The innovation enhances accessibility, underscoring how STEM can foster inclusivity. https://youtu.be/5-ufOdRPMn0
    CY Middle SchoolCasper, WYMental Health – Youth Well-being: In response to rising youth mental health challenges, students created SEL-bot, a roaming robot that delivers positive messages throughout the school to promote mental wellness and self-esteem. Using mechanical engineering, robotics, and coding, they are applying STEM principles to build a functional robot that fosters a supportive, connected school environment, helping reduce anxiety and improve social interactions. https://youtu.be/n41Jq_mcoVE
    Your Vote Matters: Help Choose the Community Choice Winner
    The 10 Solve for Tomorrow National Finalists have showcased their groundbreaking STEM solutions in three-minute pitch videos, and now it’s your turn to weigh in! Cast your vote to help select one Community Choice Winner, who will receive an additional $10,000 prize package on top of their $50,000 National Finalist earnings. Watch the videos here, vote for your favorite, and make your voice count. You can vote once per day until 11:59 p.m. EDT on April 20, 2025.

    New This Year: An Interactive, AI-Powered Prize to Empower U.S. Classrooms
    In celebration of Year 15 of Solve for Tomorrow, in addition to the $2 million-plus total prizes, all 10 National Finalist teams will receive a Samsung WAF Interactive Display, which delivers a dynamic, engaging experience designed for the classroom of the future. Its intuitive interface and wide compatibility make it easier for teachers to leverage education apps and features that optimize lessons to help students discover the joy of learning. Each teacher will also receive specialized training from the Samsung Education Solutions team on effective uses of both interactive display technology and AI technology in the classroom.

    What’s Next: Live Student Pitches & Game-Changing Prizes Await

    The 10 National Finalists will head to a live Pitch Event on April 28 in Washington, D.C. Based on the live pitch presentations, judges will name three schools National Winners, each of which will receive a $100,000 prize of Samsung technology and classroom supplies. The remaining seven National Finalist schools will have been awarded $50,000 prize packages. All 10 National Finalist teams will receive a Samsung WAF Interactive Display and Samsung Education Solutions team training.
    From among the 50 State Winners, one school will be selected for the Rising Entrepreneurship Award, receiving an added $25,000 prize package to nurture and develop their STEM solution into a venture extending beyond the competition.
    One of the 50 State Winner schools will be recognized with a Sustainability Innovation Award for driving sustainable change through STEM innovation, and an additional $25,000 prize package, including Samsung ENERGY STAR® technology.
    From the National Finalists, one Community Choice Winner, selected through online voting by the general public, will receive an additional $10,000 in prizes on top of their National Finalist winnings.
    One Employee Choice Winner will be chosen by Samsung employees from among the National Finalists to receive $10,000 in prizes in addition to their National Finalist winnings.
    To learn more about Samsung Solve for Tomorrow, please visit www.samsung.com/solve and follow us on Instagram and Facebook.

    MIL OSI Economics –

    March 19, 2025
  • MIL-OSI Global: A brief history of Medicaid and America’s long struggle to establish a health care safety net

    Source: The Conversation – USA – By Ben Zdencanovic, Postdoctoral Associate in History and Policy, University of California, Los Angeles

    President Lyndon B. Johnson, left, next to former President Harry S. Truman, signs into law the measure creating Medicare and Medicaid in 1965. AP Photo

    The Medicaid system has emerged as an early target of the Trump administration’s campaign to slash federal spending. A joint federal and state program, Medicaid provides health insurance coverage for more than 72 million people, including low-income Americans and their children and people with disabilities. It also helps foot the bill for long-term care for older people.

    In late February 2025, House Republicans advanced a budget proposal that would potentially cut US$880 billion from Medicaid over 10 years. President Donald Trump has backed that House budget despite repeatedly vowing on the campaign trail and during his team’s transition that Medicaid cuts were off the table.

    Medicaid covers one-fifth of all Americans at an annual cost that coincidentally also totals about $880 billion, $600 billion of which is funded by the federal government. Economists and public health experts have argued that big Medicaid cuts would lead to fewer Americans getting the health care they need and further strain the low-income families’ finances.

    As a historian of social policy, I recently led a team that produced the first comprehensive historical overview of Medi-Cal, California’s statewide Medicaid system. Like the broader Medicaid program, Medi-Cal emerged as a compromise after Democrats failed to achieve their goal of establishing universal health care in the 1930s and 1940s.

    Instead, the United States developed its current fragmented health care system, with employer-provided health insurance covering most working-age adults, Medicare covering older Americans, and Medicaid as a safety net for at least some of those left out.

    Health care reformers vs. the AMA

    Medicaid’s history officially began in 1965, when President Lyndon B. Johnson signed the system into law, along with Medicare. But the seeds for this program were planted in the 1930s and 1940s. When President Franklin D. Roosevelt’s administration was implementing its New Deal agenda in the 1930s, many of his advisers hoped to include a national health insurance system as part of the planned Social Security program.

    Those efforts failed after a heated debate. The 1935 Social Security Act created the old-age and unemployment insurance systems we have today, with no provisions for health care coverage.

    Nevertheless, during and after World War II, liberals and labor unions backed a bill that would have added a health insurance program into Social Security.

    Harry Truman assumed the presidency after Roosevelt’s death in 1945. He enthusiastically embraced that legislation, which evolved into the “Truman Plan.” The American Medical Association, a trade group representing most of the nation’s doctors, feared heightened regulation and government control over the medical profession. It lobbied against any form of public health insurance.

    This PBS ‘Origin of Everything!’ video sums up how the U.S. wound up with its complex health care system.

    During the late 1940s, the AMA poured millions of dollars into a political advertising campaign to defeat Truman’s plan. Instead of mandatory government health insurance, the AMA supported voluntary, private health insurance plans. Private plans such as those offered by Kaiser Permanente had become increasingly popular in the 1940s in the absence of a universal system. Labor unions began to demand them in collective bargaining agreements.

    The AMA insisted that these private, employer-provided plans were the “American way,” as opposed to the “compulsion” of a health insurance system operated by the federal government. They referred to universal health care as “socialized medicine” in widely distributed radio commercials and print ads.

    In the anticommunist climate of the late 1940s, these tactics proved highly successful at eroding public support for government-provided health care. Efforts to create a system that would have provided everyone with health insurance were soundly defeated by 1950.

    JFK and LBJ

    Private health insurance plans grew more common throughout the 1950s.

    Federal tax incentives, as well as a desire to maintain the loyalty of their professional and blue-collar workers alike, spurred companies and other employers to offer private health insurance as a standard benefit. Healthy, working-age, employed adults – most of whom were white men – increasingly gained private coverage. So did their families, in many cases.

    Everyone else – people with low incomes, those who weren’t working and people over 65 – had few options for health care coverage. Then, as now, Americans without private health insurance tended to have more health problems than those who had it, meaning that they also needed more of the health care they struggled to afford.

    But this also made them risky and unprofitable for private insurance companies, which typically charged them high premiums or more often declined to cover them at all.

    Health care activists saw an opportunity. Veteran health care reformers such as Wilbur Cohen of the Social Security Administration, having lost the battle for universal coverage, envisioned a narrower program of government-funded health care for people over 65 and those with low incomes. Cohen and other reformers reasoned that if these populations could get coverage in a government-provided health insurance program, it might serve as a step toward an eventual universal health care system.

    While President John F. Kennedy endorsed these plans, they would not be enacted until Johnson was sworn in following JFK’s assassination. In 1965, Johnson signed a landmark health care bill into law under the umbrella of his “Great Society” agenda, which also included antipoverty programs and civil rights legislation.

    That law created Medicare and Medicaid.

    From Reagan to Trump

    As Medicaid enrollment grew throughout the 1970s and 1980s, conservatives increasingly conflated the program with the stigma of what they dismissed as unearned “welfare.” In the 1970s, California Gov. Ronald Reagan developed his national reputation as a leading figure in the conservative movement in part through his high-profile attempts to cut and privatize Medicaid services in his state.

    Upon assuming the presidency in the early 1980s, Reagan slashed federal funding for Medicaid by 18%. The cuts resulted in some 600,000 people who depended on Medicaid suddenly losing their coverage, often with dire consequences.

    Medicaid spending has since grown, but the program has been a source of partisan debate ever since.

    In the 1990s and 2000s, Republicans attempted to change how Medicaid was funded. Instead of having the federal government match what states were spending at different levels that were based on what the states needed, they proposed a block grant system. That is, the federal government would have contributed a fixed amount to a state’s Medicaid budget, making it easier to constrain the program’s costs and potentially limiting how much health care it could fund.

    These efforts failed, but Trump reintroduced that idea during his first term. And block grants are among the ideas House Republicans have floated since Trump’s second term began to achieve the spending cuts they seek.

    Protesters in New York City object to Medicaid cuts sought by the first Trump administration in 2017.
    Erik McGregor/LightRocket via Getty Images

    The ACA’s expansion

    The 2010 Affordable Care Act greatly expanded the Medicaid program by extending its coverage to adults with incomes at or below 138% of the federal poverty line. All but 10 states have joined the Medicaid expansion, which a U.S. Supreme Court ruling made optional.

    As of 2023, Medicaid was the country’s largest source of public health insurance, making up 18% of health care expenditures and over half of all spending on long-term care. Medicaid covers nearly 4 in 10 children and 80% of children who live in poverty. Medicaid is a particularly crucial source of coverage for people of color and pregnant women. It also helps pay for low-income people who need skilled nursing and round-the-clock care to live in nursing homes.

    In the absence of a universal health care system, Medicaid fills many of the gaps left by private insurance policies for millions of Americans. From Medi-Cal in California to Husky Health in Connecticut, Medicaid is a crucial pillar of the health care system. This makes the proposed House cuts easier said than done.

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

    – ref. A brief history of Medicaid and America’s long struggle to establish a health care safety net – https://theconversation.com/a-brief-history-of-medicaid-and-americas-long-struggle-to-establish-a-health-care-safety-net-251776

    MIL OSI – Global Reports –

    March 19, 2025
  • MIL-OSI Security: The ‘Wolf of West Virginia’ Pleads Guilty to Wire Fraud

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    CHARLESTON, W.Va. – Theodore Miller, 35, of South Charleston, pleaded guilty today to two counts of wire fraud. Miller admitted to defrauding more than 170 individuals through two real estate-related investment schemes that caused losses of between $395,000 and $434,501.

    According to court documents and statements made in court, Miller conceived and perpetrated the two fraudulent schemes between the spring of 2022 and September 2024. One scheme solicited direct investments to develop modern residential duplexes and a dry-storage lot on Bigley Avenue in Charleston. The other scheme offered a pooled real estate investment vehicle dubbed “Bear Lute.”

    To carry out these schemes, Miller portrayed himself on social media as the “Wolf of West Virginia,” a wealthy, successful and knowledgeable real estate mogul with enough disposable income to travel the world at his leisure. As part of his guilty pleas, Miller admitted that in reality, he had poor credit, thin month-to-month financial margins, was delinquent on property taxes and bills, and defaulted on loans.

    In each scheme, Miller made multiple misrepresentations to investors. These misrepresentations included that individuals would receive returns on their investments, that their investments were secured by real property, and that they could withdraw their investments. As part of his guilty pleas, Miller admitted that there were no returns on investments, that he never owned the real property he identified as security for the investments, and that he used the money from his fraud schemes to pay unrelated expenses, debts and obligations.

    Miller’s victims included an individual who wired $20,000 to Miller from California for the storage lot project on July 5, 2022, and an individual who wired $2,500 to Miller from Texas for Bear Lute on December 12, 2022.

    The money from the schemes was deposited into bank accounts for several entities Miller solely owned and operated including Bear Industries LLC, which initially served as an umbrella entity for the related businesses. Miller’s mother, Deanna Drumm, served as vice president of operations for Bear Industries from in or around 2019 to September 2024. While Miller lived outside the United States from in or about June  2021 to on or about August 8, 2024, he directed his mother to handle the day-to-day operational tasks for the Bear entities including the management of finances and transfer of funds.

    Drumm, 61, of Charleston, pleaded guilty on November 21, 2024, to aiding and abetting the sale and offer of unregistered securities. Both the direct investments and the Bear Lute investments were securities as defined by federal law, offered through interstate commerce via the internet, and were required to be registered. Drumm admitted that no registration statement was in effect for either of these securities, and that neither was exempt from the registration requirement. Drumm further admitted that she aided and abetted the offering of these unregistered securities in the course of her duties as vice president of operations for Bear Industries. Drumm is scheduled to be sentenced on May 29, 2025.

    In September 2022, the West Virginia Securities Commission issued a cease-and-desist letter to Bear Industries ordering it to stop the unregistered sale and offering of securities in Bear Lute. In November 2022, the West Virginia Securities Commission issued a cease-and-desist order regarding the same. Miller admitted that he continued to operate Bear Lute in violation of the order and never disclosed the order to his investors.

    On August 9, 2024, law enforcement officers arrested Miller following his return to the United States. Miller admitted that he told his wife during a recorded jail phone call on August 11, 2024, to report his iPhone stolen to make it inaccessible to law enforcement and to hide a backpack containing his laptop computer. Miller further admitted that the laptop contained most of the documents related to the direct investments and Bear Lute.

    Miller is scheduled to be sentenced on July 2, 2025, and faces a maximum penalty of 40 years in prison, up to three years of supervised release, and a $500,000 fine. Miller also owes restitution of between $395,000 and $434,501, with the final amount to be determined by the Court.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI), the West Virginia Fusion Center, the West Virginia Securities Commission, and the U.S. Securities and Exchange Commission.

    United States District Judge Irene C. Berger presided over the hearing. Assistant United States Attorneys Holly Wilson and Joshua Hanks are prosecuting the case.

    The U.S. Securities and Exchange Commission filed a parallel civil action against Miller, Bear Industries LLC, Bear Investments and Business Consulting LLC, and Drumm in U.S. District Court for the Southern District of West Virginia. The lawsuit alleges that Miller has engaged in the unregistered and fraudulent offer of securities related to his real estate-related investment programs since at least 2022, and that Miller’s social-media persona and businesses were all a calculated fraud to divert investor funds for his own personal benefit. The lawsuit seeks permanent injunctive relief, disgorgement of ill-gotten gains and prejudgment interest, and civil penalties.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case Nos. 2:24-cr-145 and 2:24-cv-479.

    ###

     

    MIL Security OSI –

    March 19, 2025
  • MIL-OSI: Mark Werner, CFA Joins Laffer Tengler Investments as Portfolio Manager

    Source: GlobeNewswire (MIL-OSI)

    SCOTTSDALE, Ariz. and NASHVILLE, Tenn., March 18, 2025 (GLOBE NEWSWIRE) — Laffer Tengler Investments, Inc., a boutique investment management firm for high-net worth individuals, institutional clients and platform advisors is pleased to announce the addition of Mark Werner as Portfolio Manager and Strategy Team member of the Dividend Growth Strategy team. Werner brings with him over two decades of investment experience at asset and wealth management firms.  

    “Our dividend growth strategy is best in an important and unique strategy; we welcome Mark’s experience and market expertise,” says Nancy Tengler, CEO and CIO of Laffer Tengler Investments. “Adding Mark to our team will help expand our investment strategy offerings as well as add to the firms’ equity research efforts. His background offers the team additional expertise in portfolio management to benefit our valued clients.”  

    “Laffer Tengler’s proven model was immediately appealing,” says Werner. “I am excited to join the Laffer Tengler team to provide the firm’s clients with diversified and tailored investment strategies.”  

    Werner’s background includes building and developing asset allocation strategies, conducting in-depth fundamental equity research across global markets, and managing portfolios for both institutional and private clients. Throughout his career, he has held investment and portfolio management roles at firms such as Fred Alger Management, Merrill Lynch, Ashfield Capital Partners, and AXA Rosenberg Investment Management.  

    Werner holds a Bachelor of Science in Marketing from Arizona State University, a Master of Science in Financial Analysis and Investment Management from St. Mary’s College and is a CFA charter holder.  

    About Laffer Tengler Investments, Inc.  

    Laffer Tengler Investments, Inc., headquartered in Nashville, Tennessee, with national distribution and an office in Scottsdale, Arizona, is an asset management firm providing investment solutions to Institutional, Platform and high-net worth clients. The company is an investment advisor registered with the SEC, and it offers advisory services. Laffer Tengler Investments, Inc. is an affiliate of ButcherJoseph. Nancy Tengler, CEO and CIO, has been managing large cap value strategies for over 35 years. The investment team has an average of 20 years of experience in the investment management business.  

    Media Contact

    Deborah Kostroun, Zito Partners
    deborah@zitopartners.com
    +1 (201) 403-8185

    The MIL Network –

    March 19, 2025
  • MIL-OSI United Kingdom: Biggest shake up to welfare system in a generation to get Britain working

    Source: United Kingdom – Executive Government & Departments 2

    Press release

    Biggest shake up to welfare system in a generation to get Britain working

    Largest welfare reforms for a generation to help sick and disabled people who can and have the potential to work into jobs – backed by a £1 billion investment, unveiled by the Work & Pensions Secretary today [Tuesday 18 March]. 

    • Work Capability Assessment to be scrapped and “right to try” work guarantee to be introduced in drive to tear down barriers to work
    • Changes will unlock work, boost employment, and tackle the broken benefits system to unlock growth as part of the government’s Plan for Change

    Record £1 billion employment support measures announced to help disabled and long-term sick people back into work.

    The new measures are designed to ensure a welfare system that is fit for purpose and available for future generations – opening up employment opportunities, boosting economic growth and tackling the spiralling benefits bill, while also ensuring those who cannot work get the support they need as part of the government’s Plan for Change.

    This will end years of inaction, which has led to one in eight young people not currently in work, education or training and 2.8 million people economically inactive due to long term sickness – one of the highest rates in the G7. 

    The number of people receiving one of the main types of health and disability benefit, Personal Independence Payments (PIP), has also risen rapidly and is becoming unsustainable. 

    Since the pandemic, the number of working-age people receiving PIP has more than doubled from 15,300 to 35,100 a month. The number of young people (16-24) receiving PIP per month has also skyrocketed from 2,967 to 7,857 a month. Over the next five years, if no action is taken, the number of working age people claiming PIP is expected to increase from 2 million in 2021 to 4.3 million, costing £34.1 billion annually. 

    All this has driven the spiralling health and disability benefits bill, forecast to reach £70 billion a year by the end of the decade, or more than £1 billion a week. This is equivalent to more than a third of the NHS budget, and more than three times as much as is spent on policing and keeping communities safe.

    Speaking in Parliament today, Liz Kendall announced a sweeping package of reforms to overhaul the system, so it better supports those who need it while tearing down barriers to work including:

    Ending reassessments for disabled people who will never be able to work and people with lifelong conditions to ensure they can live with dignity and security

    Scrapping the controversial Work Capability Assessment to end the dysfunctional process that drives people into dependency – delivering on the government’s manifesto commitment to reform or replace it

    Providing improved employment support backed by £1 billion – one of the biggest packages of employment support for sick and disabled people ever – including new tailored support conversations for people on health and disability benefits to break down barriers and unlock work

    Legislating to protect those on health and disability benefits from reassessment or losing their payments if they take a chance on work. 

    To ensure the welfare system is available for those with the greatest needs now and long into the future, the government has made bold decisions to improve its sustainability and protect those who need it most, including:

    • Reintroducing reassessments for people on incapacity benefits who have the capability to work to ensure they have the right support and aren’t indefinitely written off.
    • Targeting Personal Independence Payments for those with higher needs by changing the eligibility requirement to a minimum score of four on at least one of the daily living activities to receive the daily living element of the benefit, in addition to the existing eligibility criteria.
    • Rebalancing payment levels in Universal Credit to improve the Standard Allowance. Raising it above inflation by 2029/30, adding £775 annually in cash terms.
    • Consulting on delaying access to the health element of Universal Credit until someone is aged 22 and reinvesting savings into work support and training opportunities through the Youth Guarantee.

    Prime Minister Keir Starmer said:

    We inherited a fundamentally broken welfare system from the previous government. It does not work for the people it is supposed to support, businesses who need workers or taxpayers who foot the bill.

    This government will always protect the most severely disabled people to live with dignity. But we’re not prepared to stand back and do nothing while millions of people – especially young people – who have potential to work and live independent lives, instead become trapped out of work and abandoned by the system. It would be morally bankrupt to let their life chances waste away. 

    When I talk about opportunity for all, I mean it. That’s why we are bringing forward the biggest changes to the welfare system in a generation and improving support for those who need it. Ensuring those who can work do work is not only right, but it will also improve living standards and drive growth, the number one priority in our Plan for Change.

    Work and Pensions Secretary Liz Kendall said:

    Our social security system must be there for all of us when we need it, now and into the future. That means helping people who can work to do so, protecting those most in need, and delivering respect and dignity for all. 

    Millions of people have been locked out of work, and we can do better for them. Disabled people and those with health conditions who can work deserve the same choices and chances as everyone else.

    That’s why we’re introducing the most far-reaching reforms in a generation, with £1 billion a year being invested in tailored support that can be adapted to meet their changing circumstances – including their changing health – while also scrapping the failed Work Capability Assessment.

    This will mean fairness for disabled people and those with long term health conditions, but also for the taxpayers who fund it as these measures bring down the benefits bill. 

    At the same time, we will ensure that our welfare system protects people. There will always be some people who cannot work because of their disability or health condition. Protecting people in need is a principle we will never compromise on.

    In her statement to Parliament, the Work and Pensions Secretary outlined the clear case for change to the welfare system and set out her commitment to ensuring that disabled people and those with a health condition have the same opportunities to work as anyone else.

    In particular, she highlighted that the UK has one of the highest reported rates of working-age people out of work due to ill health in Western Europe and the UK is the only major economy whose employment rate hasn’t recovered since the pandemic – exacerbated by a broken NHS with millions of people on waiting lists. 

    The government has already made huge progress to fix the NHS, including by hitting the manifesto commitment to deliver over two million extra elective care appointments seven months early, and bringing forward a wider programme for NHS reform through the rollout of community diagnostic centres and 10-year plan. The Health Secretary has also sent crack teams spearheaded by top clinicians into areas of high economic inactivity, and the latest data shows waiting lists in these areas have reduced at almost double the rate of the rest of the country. 

    The reformed system will be built on a straightforward guarantee: any disabled person or person with a long-term health condition who is claiming out of work benefits will be able to access high quality, tailored help into a job. It will also mean that those who cannot work will always get the support they need. In Scotland and Wales, we will work closely with the devolved governments as we develop this package of support.

    The reforms are based on five key principles:

    Protecting disabled people who can’t and won’t ever be able to work and supporting them to live with dignity by:

    • Income Protection: Those currently in receipt of UC health will benefit from the increased standard allowance and will not be affected by plans to reduce UC health in future. 
    • Extra Financial Support: For people who receive the new rate of UC health in the future system, we are proposing a new premium for individuals with severe, life-long health conditions who will never be able to work. The details, eligibility criteria and rate of this premium will be set out in due course.
    • Ending Reassessments: Reassessments for disabled people and people with life-long conditions who will never be able to work will be scrapped.
    • Improving Safeguarding Practices: The government will look at how safeguarding practices for the most vulnerable can be improved and improve experiences with the system, working with stakeholders to identify areas for improvement. 

    Delivering better and more tailored employment support to get more people off welfare and into work. This includes: 

    • £1 Billion employment package to deliver tailored support for disabled people and those with long-term conditions.
    • New Support Conversations to provide earlier opportunities for people with health conditions to discuss work goals and available help.
    • Investing in the Youth Guarantee by delaying access to UC health element until age 22 and reinvesting savings into work support and training for young people.

    Stopping people from falling into long-term economic inactivity through early intervention and support by:

    • Access to Work Scheme: We will consult on improvements to help people start and stay in work with reasonable adjustments including aids, appliances and assistive technology. These would be the first substantive changes to Access to Work since its introduction in 1994
    • Unemployment Insurance: We will reform contributory benefits (ESA and JSA) into a single, non-means tested, time-limited benefit for those who have paid into the system to ensure people get the support they need to find a new job that makes the most of their skills, contributing to a dynamic and productive economy.

    Restoring trust and fairness in the system by fixing the broken assessment process that drives people into dependency on welfare by:

    • Scrapping the WCA to end the labelling of people as either ‘can or can’t work’ and consulting on a new single assessment. Under the new system, any extra financial support for health conditions (including PIP, ESA or UC health) will be assessed via a new single assessment which will be based on the PIP assessment – considering on the impact of disability on daily living, not on capacity to work.
    • Increasing Face-to-Face Assessments for PIP and the WCA to improve the quality of assessment decision while ensuring we continue to meet the needs of those with who may require a different method of assessment.
    • Longer term reform of the PIP Assessment – In the long term we will set out broader reforms to the PIP assessment, and intend first to carry out a review involving experts and stakeholders to adapt and improve it.
    • Right to Try Guarantee: which will ensure someone trying work or on a pathway towards employment will never lead to an immediate reassessment or award review.
    • Restarting Mandatory Reassessments: We will reintroduce reassessments for incapacity benefits, with exceptions for those who will never work and those under special rules for end-of-life care. Reassessments have largely been switched off since 2021, leaving people stuck on benefits when they could be helped into work and to improve their quality of life.

    Ensuring the system is financially sustainable to keep providing for those who need it most by:

    • Changing PIP Eligibility:  PIP will be targeted more on those with higher needs by requiring a minimum of four points on one daily living activity, in addition to the existing eligibility criteria.. DWP will work with DHSC to ensure that existing people who claim PIP who may no longer be entitled to the benefit following an award review under new eligibility rules have their health and eligible care needs met. The government is consulting on how best to achieve this.

    • Rebalancing Universal Credit: by improving the Standard Allowance to provide more adequate support. The government plans to raise the Standard Allowance above inflation by 2029/30, adding £775 in cash terms annually. This aims to avoid people having to choose between employment or adequate financial support. This change addresses the current issue where the health element rate is double that of the standard allowance, creating an incentive for people to prove they are unfit to work to claim the health element and access greater financial support.

    Further Information

    • This is a significant reform package that is expected to save over £5 billion in 2029 to 2030. The government will publish OBR-certified costings of individual measures at the Spring Statement on 26 March. 
    • The UC standard allowance increase of £775 per year is for a single person aged 25 or over. Equivalent percentage increases will be applied to the standard allowances of couples and those aged under 25.
    • This consultation applies to England, Wales and Scotland. Note that the proposals in the consultation will only apply to the UK Government’s areas of responsibility in Scotland and Wales.
    • We will bring forward primary legislation this session to enable delivery of the PIP additional eligibility requirement and UC rebalancing reforms from 26/27, subject to parliamentary approval. The Right to Work Guarantee will be delivered through separate primary legislation which will be introduced in due course. 
    • In Scotland, some elements of support for disabled people and people with health conditions remain reserved (for example, the health element in UC) and some have been devolved to the Scottish Government (for example PIP and DLA). The proposals in this paper would only apply directly to UK Government areas of responsibility in Scotland. The interactions between the reserved and devolved systems will need to be fully considered before they are implemented.

    • DWP and the Scottish Government both have powers to provide different types of employment support in Scotland. Some elements of our employment support offer will apply across Great Britain. We will respect the Scottish Government’s devolved powers in relation to skills, health and employment support and work with the Scottish Government as we work through the details of the package and what this will mean in terms of additional funding and delivery in Scotland.

    • In Wales, DWP is responsible for social security and employment support. Welsh Ministers also have powers to provide employment support outside Jobcentre Plus. Some elements of our employment support offer will apply across Great Britain. We will respect the Welsh Government’s devolved powers in relation to skills, health and employment support and work with the Welsh Government as we work through the details of the package and what this will mean in terms of additional funding and delivery in Wales.

    • Social security and employment support are transferred in Northern Ireland, although the UK government and the Northern Ireland Executive work closely together to maintain parity between their respective social security systems. However, the consultation welcomes comments from individuals and organisations in Northern Ireland, which will then be shared with the Department for Communities in Northern Ireland.

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    Updates to this page

    Published 18 March 2025

    MIL OSI United Kingdom –

    March 19, 2025
  • MIL-OSI: SECU Foundation Awards $150,000 to Rural Investment Collaborative for Improving Rural Leadership and Economic Opportunities in Appalachian Region of North Carolina

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., March 18, 2025 (GLOBE NEWSWIRE) — Rural Investment Collaborative (RIC), a program of Appalachian Community Capital, has received a $150,000 challenge grant from SECU Foundation. The funding will support a two-year pilot program to improve leadership and economic opportunities for rural communities across North Carolina.

    RIC was created by the Federal Reserve Bank of Richmond and is a collective of foundations, financial centers, educational institutions, and government agencies working cooperatively to enhance the workforce and economic outcomes for rural communities.

    “We are thrilled to provide essential funding to help the Rural Investment Collaborative expand access to needed resources and systems to foster long-term change,” said SECU Foundation Board Vice Chair Mona Moon. “We look forward to seeing the positive impacts as the participating groups work to address rural infrastructure, social determinants of health, access to care, disaster recovery, and healthy living in their communities.”

    “The SECU Foundation’s generous support of the Richmond Federal Reserve’s Rural Investment Collaborative has been critical to ensuring the success of the program,” said President and CEO of Appalachian Community Capital Donna Gambrell. “The Foundation’s grant is assisting community leaders from small towns and rural areas in North Carolina to develop investment-ready project proposals and to make access to funding easier.” 

    About SECU and SECU Foundation
    A not-for-profit financial cooperative owned by its members, and federally insured by the National Credit Union Administration (NCUA), SECU has been providing employees of the state of North Carolina and their families with consumer financial services for 87 years. SECU is the second largest credit union in the United States with $53 billion in assets. It serves more than 2.8 million members through 275 branch offices, 1,100 ATMs, Member Services Support via phone, www.ncsecu.org, and the SECU Mobile App. The SECU Foundation, a 501(c)(3) charitable organization funded by the contributions of SECU members, promotes local community development in North Carolina primarily through high-impact projects in the areas of housing, education, healthcare, and human services. Since 2004, SECU Foundation has made a collective financial commitment of over $300 million for initiatives to benefit North Carolinians statewide.

    Contact: Jama Campbell, Executive Director, secufoundation@ncsecu.org

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/720d3f26-4426-401d-9148-bf0b71d93183

    The MIL Network –

    March 19, 2025
  • MIL-OSI Security: Cocoa Man Who Drove Across the State to Commit Armed Robbery in Tampa and Shot Employee in the Face Charged

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    Tampa, Florida – Acting United States Attorney Sara C. Sweeney announces the filing of a criminal complaint charging Phillip Johnson (21, Cocoa) with conspiracy to commit Hobbs Act robbery, robbery, and discharging a firearm during a crime of violence. If convicted on all counts, Johnson faces a minimum sentence of 10 years, up to life, in federal prison.  

    According to the complaint, during the early morning hours of February 1, 2025, three individuals traveled from Brevard County to Tampa to commit a robbery. After arriving in Tampa, the three individuals went inside the Dreams Club near Ybor City. The three individuals were wearing all black clothing, ski masks, and armed with rifles and handguns.  

    While inside, the three individuals demanded money from the victim, and Johnson ultimately shot the victim in the face. 

    A criminal complaint is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

    This case was investigated by the Tampa Police Department, and the Federal Bureau of Investigation, with great assistance provided by the Brevard County Sheriff’s Office, the Cocoa Police Department and the State Attorney’s Office for the 13th Judicial Circuit in Tampa. It will be prosecuted by Assistant United States Attorney Diego F. Novaes.

    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 Neighborhoods (PSN).

    MIL Security OSI –

    March 19, 2025
  • MIL-OSI Security: Haines City Man Arrested for String of Convenience Store Robberies

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    Tampa, Florida – Acting United States Attorney Sara C. Sweeney announces the arrest of Davian Walker (19, Haines City) for robberies of convenience stores throughout the Middle District of Florida. If convicted, Walker faces a maximum penalty of 20 years in federal prison. 

    According to the complaint and court statements, Walker committed five robberies over the course of less than three months. Each robbery involved Walker brandishing what appeared to be a handgun to store clerks and demanding cash.

    Through an investigation into the first four robberies, law enforcement was able to link Walker to the robberies by identifying his phone number and the vehicle Walker was using to travel to each of the robberies. Using that information, law enforcement tracked and ultimately arrested Walker shortly after he committed a robbery in Titusville during the early morning hours of March 13, 2025.

    An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

    This case was investigated by the Federal Bureau of Investigation, the Lake County Sheriff’s Office, the Hernando County Sheriff’s Office, the Zephyrhills Police Department, the Hillsborough County Sheriff’s Office, the Titusville Police Department, the Orlando Police Department, the Osceola County Sheriff’s Office and the Polk County Sheriff’s Office. It will be prosecuted by Assistant United States Attorney Candace Garcia Rich.

    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 Neighborhoods (PSN).

    MIL Security OSI –

    March 19, 2025
  • MIL-OSI Security: Transnational Criminal Organization That Dispatched Thousands of Kilograms of Cocaine From the Venezuela/Colombia Border Dismantled

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    Tampa, FL – Acting United States Attorney Sara C. Sweeney announces the dismantlement of a transnational criminal organization (TCO) that operated out of La Guajira, a peninsula on the Venezuelan/Colombian border. From there, the organization dispatched thousands of kilograms of cocaine intended for the United States and Europe.

    Socrates Barros-Fince Transnational Criminal Organization

    Name

    Age

    Sentence Imposed

    Socrates Gabriel Barros-Fince, a/k/a “Chunchun,” “Chun,” “Indio,” “El Loco,” “Tawara,” “Chupo”

    45

    17 years, 6 months
    Cristian Camilo Cordoba-Cuesta, a/k/a “Cris,” “El Primo”

    37

    14 years
    Jorge Leonardo Diaz-Ramos, a/k/a “40,” “Numerito”

    35

    7 years, 3 months
    Santander Barros-Pulido, a/k/a “Pollo,” “Tio,” “Divino”

    57

    15 years, 8 months
    Nefer Alfonso Hinojosa-Larrada, a/k/a “El Negrito,” “Divino”

    45

    15 years, 8 months

     

    According to the plea agreements, the above-named individuals were part of a transnational criminal organization that dispatched cocaine-laden vessels to the Dominican Republic and Spain. From the Venezuela/Colombia border, the organization planned smuggling trips and recruited crewmembers for that purpose. It was foreseeable to the conspirators that some of the cocaine was intended for the United States.

    The investigation resulted in several seizures totaling over 6,700 kilograms associated with the organization that were prosecuted in the United States and abroad, to include:

    • Seizure of about 932 kilograms of cocaine near the Dominican Republic on August 15, 2016;
    • Interdiction of a go-fast vessel in the Caribbean Sea on November 9-10, 2016, smuggling about 700 kilograms of cocaine and prosecuted in the United States District Court for the District of Puerto Rico;
    • Interdiction of a go-fast vessel in the Caribbean Sea on October 4, 2018, smuggling over 450 kilograms of cocaine and prosecuted in the United States District Court for the Middle District of Florida;
    • Interdiction of the M/V KARAR carrying about 4,000 kilograms of cocaine off the coast of Galicia, Spain on April 25, 2020, resulting in the arrests of 15 crewmembers and a dozen Spanish organized crime members.

    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.

    This prosecution is also part of an Organized Crime Drug Enforcement Task Forces (OCDETF) Panama Express Strike Force Initiative, whose mission is to disrupt and dismantle Transnational Criminal Organizations involved in large scale drug trafficking, money laundering, and related activities. The OCDETF Panama Express Strike Force is comprised of agents and officers from the Coast Guard Investigative Service, Drug Enforcement Administration, Federal Bureau of Investigation, and Homeland Security Investigations. The Colombian National Police, Spanish National Police, and Spanish Coast Guard provided critical investigative support. The Department of Justice’s Office of International Affairs and the Criminal Division’s Narcotic and Dangerous Drug Section’s Office of the Judicial Attaché in Bogotá assisted in the extradition of these defendants. The prosecution is being led by the Office of the United States Attorney for the Middle District of Florida. It is being prosecuted by Assistant United States Attorney Dan Baeza.

    MIL Security OSI –

    March 19, 2025
  • MIL-OSI: ZOOZ Power Enhances Global Strategy with New Energy Storage Solutions, Advanced Energy Management System and Expended Sales Team

    Source: GlobeNewswire (MIL-OSI)

    Tel-Aviv, Israel, March 18, 2025 (GLOBE NEWSWIRE) — ZOOZ Power (Nasdaq and TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today the enhancement of its strategic focus with the introduction of Energy Storage Systems (ESS) and an enhanced Energy Management System (EMS) designed to lead to maximizing EV charging performance and cost efficiency, along with the expansion of its sales team.

    The newly introduced Energy Storage System (ESS), in addition to ZOOZ Power’s intelligent* boosting offering, allows charging operators to significantly reduce electricity costs by storing energy during off-peak periods and deploying it during peak demand hours. This new addition to ZOOZ Power’s offering of systems to manage and improve overall power delivery to clusters of ultra-fast EV chargers substantially lowers operational expenses and enhances overall cost efficiency of EV charging infrastructure.

    Additionally, ZOOZ Power has upgraded its Energy Management System (EMS), improving the benefits of both the Intelligent Power Booster solution (ZOOSTER) and the new ESS offerings. The advanced EMS operates locally on-site, providing real-time management and rapid response capabilities to efficiently control energy flow, reduce power peaks, and extend battery lifecycles.

    The ZOOZTER Intelligent Power Booster continues to play a vital role in ZOOZ Power’s comprehensive solution, offering ultra-fast EV charging even in locations with limited grid capacity. By providing high-power bursts during charging sessions, the ZOOZTER effectively mitigates grid constraints, allowing consistent and reliable ultra-fast charging without costly infrastructure upgrades.

    In conjunction with its technological advancements, ZOOZ Power is expanding its global sales team. The Company is excited to announce the appointment of Mr. Ilan Tevet as the new Vice President of Global Sales. With over 25 years of experience in global B2B sales, business development and marketing, Ilan has a proven track record of driving growth. His deep expertise will be instrumental in accelerating ZOOZ Power’s planned global expansion.

    Furthermore, ZOOZ Power is strengthening its worldwide sales presence by appointing new sales managers in strategic markets, including the UK, Germany, and France. Further expansions are planned in other regions to align with the growing adoption of electric vehicles.

    “Our new ESS solutions, the enhanced EMS, and the strategic expansion of our sales team are pivotal steps toward providing comprehensive, efficient, and cost-optimized EV charging infrastructure,” said Erez Zimerman, CEO of ZOOZ Power. “With Ilan’s leadership and our expanded sales force in key markets, we are uniquely positioned to support and drive the global shift toward EV adoption.”

    *As used in this Press Release, intelligent boosting and Intelligent Power Booster refer to the ZOOZ Power Energy Management Software, which dynamically manages and optimizes energy consumption at the charging site

    About ZOOZ Power
    ZOOZ Power is a leading provider of flywheel-based power boosting and energy management solutions, enabling the widespread deployment of ultra-fast charging infrastructure for electric vehicles (EVs) while overcoming existing grid limitations.

    ZOOZ Power pioneers its unique flywheel-based power-boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure.

    ZOOZ Power’s sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, better efficiency, greater flexibility, and faster revenues and profitability growth. ZOOZ Power is publicly traded on NASDAQ and TASE under the ticker ZOOZ

    For more information, please visit: www.zoozpower.com/

    Investor Contact:
    Miri Segal – CEO
    MS-IR LLC
    msegal@ms-ir.com

    Media enquiries:
    Media@zoozpower.com

    Forward-Looking Statement
    This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations, and assumptions of ZOOZ Power. All statements other than statements of historical facts contained in this press release, including statements regarding ZOOZ Power, and any of ZOOZ Power’s strategy, future operations and statements related to the collaboration between ZOOZ Power and “ON” charging network (including any plans to implement ZOOZ Power’s solution and upgrade an additional site of “ON” on Route 6) are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause ZOOZ Power’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and other risks and uncertainties are more fully discussed in the “Risk Factors” section of ZOOZ Power’s most recent Annual Report on Form 20-F as filed with the U.S. Securities and Exchange Commission (“SEC”) as well as other documents that may be subsequently filed by the Company from time to time with the SEC. The words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements include, but are not limited to, statements relating to the limited operating history and evolving business model of ZOOZ Power, ZOOZ Power’s future prospects, ZOOZ Power’s planned global expansion, including the timing and the results thereof, statements regarding ZOOZ Power’s newly introduced Energy Storage System (ESS), intelligent boosting offering and Energy Management System (EMS), their adoption by the market and any benefits that they may have to ZOOZ Power, its operations, financial position and its current and potential customers, statements regarding the expansion of ZOOZ Power’s sales team and the effect of that expansion on ZOOZ Power’s planned global expansion, financial condition, market position and results of operations, statements relating to ZOOZ Power’s market position, statements regarding the demand for ZOOZ Power’s products, and the potential outcome of ZOOZ Power’s collaborations with third parties for installation of its flywheel-based power boosting solution. These forward-looking statements are only estimations, and ZOOZ Power may not actually achieve the plans, intentions or expectations disclosed in any forward-looking statements, so you should not place undue reliance on any forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements made in this Press Release. Management of ZOOZ Power has based these forward-looking statements largely on current expectations and projections about future events and trends that such persons believe may affect ZOOZ Power’s business, financial condition and operating results. Forward-looking statements contained in this Press Release are made as of the date hereof, and none of ZOOZ Power or any of its representatives or any other person undertakes any duty to update such information except as may be expressly required under applicable law.

    The MIL Network –

    March 19, 2025
  • MIL-OSI Security: Fort Wainwright Soldier Arrested on Multiple Child Pornography Charges

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Department of the Army Criminal Investigation Division is seeking additional information.

    FAIRBANKS, Alaska – A Soldier stationed at Fort Wainwright was arrested yesterday evening on the military base after a criminal complaint was filed in federal court charging him with production and possession of child pornography.

    According to court documents, on Sept. 11, 2024, the Fort Eustis Resident Unit of the Department of the Army Criminal Investigation Division (DACID) received a National Center for Missing and Exploited Children (NCMEC) cybertip reporting that five images of alleged child sexual abuse material (CSAM) were uploaded to an online platform. Fort Eustis DACID reviewed the images and determined they depicted CSAM of prepubescent female children.

    A subsequent investigation resulted in law enforcement executing search warrants in October 2024 for the residence of David Andres Mayoral, 20, Mayoral’s electronic devices and his account on the previously mentioned online platform.

    A review and forensic examination of Mayoral’s accounts and electronic devices allegedly revealed over 2,500 images and over 680 videos of suspected CSAM that Mayoral possessed and communicated across four messaging applications.

    The complaint also alleges Mayoral engaged in sexually explicit conversations with minor victims, where he requested and directed the victims to take sexually explicit photos and send them to him.

    Mayoral is charged with three counts of production of child pornography and one count of possession of child pornography. If convicted, Mayoral faces a mandatory minimum penalty of 15 years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    U.S. Attorney Michael J. Heyman of the District of Alaska, Special Agent in Charge Michele Starostka of the DACID Western Field Office and Special Agent in Charge Rebecca Day of the FBI Anchorage Field Office made the announcement.

    The DACID and FBI Anchorage Field Office are investigating the case.  If anyone has information concerning Mayoral’s alleged actions or may have encountered an individual using the name “David Mayoral” or “ghoulishclown” online, please contact DACID at (907)353-6212 or anonymously at www.cid.army.mil/Submit-a-Tip/.

    Assistant U.S. Attorneys Carly Vosacek and Jennifer Ivers are prosecuting the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and 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 https://www.justice.gov/psc.

    A criminal complaint 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 –

    March 19, 2025
  • MIL-OSI: Summit Nanotech Corporation Closes US$25.5M Funding Round to Accelerate Commercialization of their Direct Lithium Extraction Technology

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, March 18, 2025 (GLOBE NEWSWIRE) — Summit Nanotech Corporation (“Summit”), a leader in sustainable lithium extraction technology, announced today that it has successfully closed US$25.5 million in funding led by Evok Innovations and BDC Capital’s Climate Tech Fund, with participation from Xora Innovation, Capricorn Investment Group, Mitsui Kinzoku – SBI Material Innovation Fund, and LG Technology Ventures.

    “This funding comes at a pivotal time for Summit as we strengthen our strategic partnerships and transition from demonstration to full-scale commercial design,” said Amanda Hall, Founder and CEO. “We are ready to provide our industry-leading solution to lithium mining companies who want to maintain a strong focus on economics and environmental responsibility.”

    Summit’s innovative direct lithium extraction (“DLE”) technology, denaLi™, combines system and fully integrated water recycling. Data analytics and AI are harnessed for advanced process control that ensures reduced water use, maximum sorbent lifespan, maximum lithium recovery and leading on-stream reliability, driving levelized lithium costs down. By unlocking more resources economically, Summit’s technology will strengthen international supply chains.

    Nobuyoshi Sogabe, General Manager at Mitsui Kinzoku, expressed enthusiasm about the investment: “We are committed to make an effort to achieve a lithium supply chain from brine by collaborating our advanced material synthesis, processing, and scaling technologies with Summit’s innovative denaLi™ system, thereby contributing to the realization of a sustainable society.”

    In the last six months, Summit has achieved key milestones, including commissioning a demonstration plant in Northern Chile, successful sorbent qualification results with a major lithium mining company, and launching their proprietary data analytics platform. With strong investor backing and a commitment to innovation and cost reduction, Summit is well-positioned to drive the future of sustainable lithium extraction.

    “The demand for electric vehicles will soon outpace growth in lithium supply. Summit’s technology addresses this challenge by optimizing lithium extraction from brine to produce high-quality lithium at a lower cost,” said Cheri Corbett, Partner at BDC Capital’s Climate Tech Fund. “We need to get more competitive lithium to market if we are to meet the global demand for electric vehicles. That’s why we’re working with results-driven leaders like Amanda and her team. A great example of a growth-minded Canadian business, exactly the kind that BDC is designed to help get to the next level.”

    About Summit Nanotech Corporation

    Summit is a leading provider of direct lithium extraction (DLE) technology for the lithium mining industry. Founded in 2018 and headquartered in Calgary, Alberta, Summit has invented a patented sorbent, DLE process technology, and data analytics platform that, when combined, improves project economics by over $1,000 per tonne LCE and unlocks additional plant capacity compared to competing DLE technologies. Its technology selectively and efficiently captures lithium ions from brine which, after conversion, can be sold directly to a battery manufacturer. Summit partners with mining and oil and gas companies to accelerate and optimize their lithium resources.

    As the world shifts toward electrification, Summit is committed to building a cleaner, more responsible lithium supply chain for future generations.

    Learn more at summitnanotech.com.

    Media Contact:

    Kristen Gray
    Manager, Communications and Investor Relations
    media@summitnanotech.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/20d7e71d-1bb4-4c64-b152-1b74dfa09897

    The MIL Network –

    March 19, 2025
  • MIL-OSI: GCM Grosvenor Expands Individual Investor Distribution Platform with Strategic Joint Venture

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 18, 2025 (GLOBE NEWSWIRE) — GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today announced a strategic joint venture to establish a premier individual investor distribution platform focused on the registered investment advisor (RIA), independent broker-dealer, and family office channels. The initiative marks a strategic expansion of GCM Grosvenor’s capabilities, building on GCM Grosvenor’s strong brand and distribution platform success in the wirehouse channels, and enhancing its ability to serve the growing demand for alternative investments among individual investors.

    The joint venture, Grove Lane Partners, will be led by Ryan Chapman, an industry veteran with a track record of scaling alternative investment platforms for individual investors. Chapman previously held senior roles at Blackstone, where he was instrumental in developing and executing distribution strategies for private market solutions across the registered investment advisor (RIA), independent broker-dealer, and family office channels. His expertise spans product structuring, capital raising, and advisory education – critical elements for driving adoption of alternative strategies in the individual investor market.

    “This initiative represents a strategic expansion of our individual investor capabilities,” said Michael Sacks, Chairman and Chief Executive Officer at GCM Grosvenor. “As demand for alternative investments accelerates among individual investors, we are pleased to partner with Grove Lane Partners to expand our channel reach and position us to deliver institutional-quality solutions to a broader investor base.”

    “We are committed to equipping advisors with sophisticated alternative investment solutions from leading asset managers that can enhance portfolio diversification and long-term return potential,” said Ryan Chapman, President, Grove Lane Partners. “We are excited to partner with GCM Grosvenor given their extensive track record in alternative investments and their unwavering focus on client success.”

    This partnership aims to provide individual investors with exposure to institutional quality private alternative investments, managed by GCM Grosvenor and third-party managers. Interests in the GCM Grosvenor investment products are offered through GRV Securities LLC, a Delaware limited liability company registered with the Securities and Exchange Commission as a broker-dealer and a member of Financial Industry Regulatory Authority and Securities Investor Protection Corporation.

    GCM Grosvenor holds a minority interest in the joint venture today, with an option to acquire full ownership in the future.

    With its investment in Grove Lane Partners, GCM Grosvenor is strengthening its position as a leading provider of alternative investments across institutional and private wealth channels. For more information on GCM Grosvenor’s Individual Investor Solutions, please visit: www.gcmgrosvenor.com/individual-investor-solutions. For more information on Grove Lane Partners, please visit: www.GroveLanePartners.com.

    About GCM Grosvenor 

    GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $80 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. The firm is registered with the Securities and Exchange Commission as an investment adviser.

    GCM Grosvenor’s experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.

    Media Contact 
    Tom Johnson and Abigail Ruck
    H/Advisors Abernathy 
    tom.johnson@h-advisors.global / abigail.ruck@h-advisors.global 
    212-371-5999 

    The MIL Network –

    March 19, 2025
  • MIL-OSI: LyondellBasell and Covestro announce permanent closure of PO11 unit at Maasvlakte

    Source: GlobeNewswire (MIL-OSI)

    MAASSVLAKTE, Netherlands, March 18, 2025 (GLOBE NEWSWIRE) — LyondellBasell (LYB) and Covestro have jointly decided to permanently close the Propylene Oxide Styrene and Monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. This decision comes after thorough and careful consideration and is driven by the continued pressure on Maasvlakte’s profitability due to global overcapacities, a strong increase of imports from Asia and high costs of European production. Unfortunately, this situation is expected to continue, so longer-term profitable production is not anticipated.

    “While the decision to shut down the PO11 unit is difficult, we must ensure all assets within our portfolio are a long-term strategic fit,” said Aaron Ledet, executive vice-president, I&D and Supply Chain. “We are prioritizing our core assets which play a key role in our technology differentiation and circularity or provide attractive returns over the cost of capital. We take our obligations toward our employees, European employee reps, councils and unions seriously. We have engaged with them in line with these obligations and will continue to do so. We would like to thank them for the constructive dialogue. We are also in communication with customers, suppliers and other parties across the value chain and will continue to do business as usual. There is no change to our working relationship, and we continue to focus on providing an exceptional customer and supplier experience.”

    “As part of our Sustainable Future Strategy, we’re continuously working to optimally position Covestro to be a reliable partner for our customers and to operate competitively in a challenging market environment,” said Hermann-Josef Dörholt, head of the Performance Materials Business Entity at Covestro. “Due to global overcapacities, persistently weak demand, and high costs in Europe, we have jointly decided with LYB to close the PO11 plant. We will support LYB in implementing this change as socially responsibly as possible. At the same time, we remain committed to the European market and will continue to supply customers with our renowned polyether polyols portfolio.”

    The Maasvlakte site, a joint venture between LYB and Covestro, has been operational in the Rotterdam region since 2003. Between now and the end of 2026, LYB will carry out a process to safely shut down and prepare for the demolition of the asset.

    In 2024, LYB announced a strategic review of European assets of its Olefins & Polyolefins (O&P) and Intermediates & Derivatives (I&D) business units. LYB has taken the next step in evaluating the option to seek alternative ownership for the O&P sites in the strategic assessment. At this time no decisions have been made and various outcomes remain possible.

    About LyondellBasell
    We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

    About Covestro
    Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.

    The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).

    Media Inquiries LYB Global
    LyondellBasell Media Relations
    Phone: +1-713-309-7575
    Email: mediarelations@lyondellbasell.com

    Or:

    Media Inquiries LYB Europe
    Robert Kleissen, External Affairs Europe
    Phone: +31-6-273-573-98
    Email: robert.kleissen@lyondellbasell.com

    Media Inquiries Covestro
    Markus Kleine-Beck, Corporate Trade Media Relations
    Phone: +49-173-2320-686
    Email: markus.kleine-beck@covestro.com

    Svenja Paul, Corporate Media Relations
    Phone: +49-214-6009-2814
    Email: svenja.paul@covestro.com

    Forward-Looking Statements LYB
    The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, our ability to align our asset base with our strategic goals; and our ability to safely shut the asset described down and conduct demolition. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2024, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission’s website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by law.

    Forward-Looking Statements Covestro
    This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports, which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ab7935cb-361b-4c8f-82f7-81f1b6bcd387

    The MIL Network –

    March 19, 2025
  • MIL-OSI: Urgently Secures Multi-Year Contract with On-Demand Towing and Roadside Assistance Company

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., March 18, 2025 (GLOBE NEWSWIRE) — Urgent.ly, Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced a new multi-year customer partner contract with an innovative provider of on-demand towing and roadside assistance. When the partnership officially launches this month, Urgently will begin providing light duty towing, technology and related services to on-demand roadside customers of the new customer partner across the U.S. and Canada.

    Under the customer parter contract, Urgently’s connected assistance platform will power the customer partner’s services, enhancing their roadside assistance offerings with streamlined operations and exceptional assistance experiences. As a tech-forward company, Urgently will deliver its comprehensive technology stack and capabilities, to meet demand for safe, quick and reliable assistance on the road.

    This collaboration is expected to grow Urgently’s volume and related revenue, and enable the new customer partner to elevate its customer experience with access to Urgently’s network of trusted service providers. By expanding its footprint in North America, Urgently continues to solidify its position as an industry leader committed to delivering exceptional roadside experiences powered by technology.

    “We are thrilled to launch this new partnership with an organization that shares Urgently’s deep commitment to providing the highest quality customer service,” said Matt Booth, Chief Executive Officer of Urgently. “Through this partnership, we will combine our shared strengths in the use of innovative technology and on-demand roadside assistance. We believe this collaboration will create tremendous value for customers, and allow us to continue expanding our presence across North America.”

    For more information about Urgently’s roadside and mobility assistance solutions visit https://www.geturgently.com/industry-solutions.

    About Urgently

    Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit www.geturgently.com.

    Forward-Looking Statements
    This press release contains or may contain “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or Urgently’s future financial or operating performance. Such statements are based upon current plans, estimates and expectations of management of Urgently in light of historical results and trends, current conditions and potential future developments, and are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Forward-looking terms such as “may,” “will,” “could,” “should,” “would,” “plan,” “potential,” “intend,” “anticipate,” “project,” “predict,” “target,” “believe,” “continue,” “estimate” or “expect” or the negative of these words or other words, terms and phrases of similar nature are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. All statements, other than historical facts, including, without limitation, statements regarding Urgently’s new customer partner contract and the expected growth in Urgently’s volume and related revenue, are based on the current assumptions of Urgently’s management and are neither promises nor guarantees, but involve a significant number of factors that may cause our actual performance or achievements to be materially different from any future performance or achievements stated or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties detailed in our filings with the Securities and Exchange Commission (“SEC”), including in our annual report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on March 14, 2025, our quarterly reports on Form 10-Q and other filings and reports that we may file from time to time with the SEC. All forward-looking statements reflect Urgently’s beliefs and assumptions only as of the date of this press release. Urgently undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

    Contacts:
    For Press: media@geturgently.com
    For Investors: investorrelations@geturgently.com

    The MIL Network –

    March 19, 2025
  • MIL-OSI: Haman Group, one of The Largest Inbound Tour Operators in Scandinavia, Selects Flywire as its Exclusive International Payments Partner

    Source: GlobeNewswire (MIL-OSI)

    Flywire delivers streamlined, secure payment experiences for Authentic Scandinavia and Authentic Europe, two of the Haman Group’s leading travel brands

    Flywire integrates with Haman Group’s booking system to streamline payment processing and reconciliation for Haman’s businesses and international guests

    BOSTON, March 18, 2025 (GLOBE NEWSWIRE) — Today, Haman Group – one of the largest inbound tour operators in Scandinavia, announced it has selected Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, as the exclusive international payments partner for two of the Haman Group’s leading brands, Authentic Scandinavia and Authentic Europe. The partnership will enhance the payment experience for Haman Group’s growing international clientele and provide seamless integration into the company’s booking system for efficient payment processing and reconciliation.

    Recognized as one of the most innovative and respected travel brands in Scandinavia, Haman Group offers a wide range of services for travel agencies, groups and independent travelers. From personalised itineraries and specially curated tours to guaranteed departures, Haman is backed by more than 60 years of experience in creating unforgettable trips to Scandinavia and Europe and is supported by its five travel brands including Haman Scandinavia, Cities+Tours, Terra Nova Scandinavia, Authentic Scandinavia, and Authentic Europe.

    Prior to Flywire, Haman Group relied on a legacy payments system which created inefficiencies for the organization and guests alike. For example, manual invoicing didn’t provide clients with enough visibility into additional fees, and additional charges due to FX rates and fees sometimes surprised travelers when they got their bank or credit card statements.

    Seeking to overhaul the payments process for their international guests, Haman Group selected Flywire for a few key reasons:

    • Integrated with bookings system: Processing and reconciling payments has been streamlined because Flywire is integrated with Haman Group’s booking system. Payment reminders are sent automatically, and all payment processes are digitized.
    • Elevated guest experience: Flywire provides choice, convenience, and support. Haman Group’s guests pay in their local currency, with competitive exchange rates, and have access to 24×7 live support. Travelers are also confident their payments are secure.
    • Diverse payment options: Flywire automates the currency conversion, and the company receives 100% of their payments in the currency of their choice.

    “At Haman Group, our focus is on providing our guests with once in a lifetime travel experiences,” said Trude Sivertsen, director of sales and operations at Authentic Scandinavia. “And we know that these experiences start at the very first interactions with our guests, including their very first payment experiences. We feel confident that Flywire is the optimal extension of our brand, offering our guests flexible, localized payment options, and ensuring their booking and payment experience is effortless and secure. And as a critical benefit, we can optimize our internal processes, giving us more time to focus on crafting even more memorable travel experiences.”

    “We are honored to partner with The Haman Group and deliver exceptional payment experiences for their growing footprint of travel businesses,” said Colin Smyth, SVP and GM, Travel. “With Flywire, Haman Group can both meet the needs of their clients, and gain a number of operational efficiencies to help them focus on running their organization. And given Haman Group’s extensive reach throughout Scandinavia, Flywire is thrilled to scale our capabilities across the region.”

    About Flywire

    Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.

    Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

    Flywire supports more than 4,500 clients with diverse payment methods in more than 140 currencies across more than 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X , LinkedIn and Facebook.

    About Haman Group

    Haman Group (est. 1964) offers a wide range of services for travel agencies, groups and independent travellers. From personalised itineraries and specially curated tours to guaranteed departures, we have over 50 years of experience in creating unforgettable trips to Scandinavia and Europe.

    The following five companies are part of Haman Group: Haman Scandinavia, Authentic Scandinavia, Authentic Europe, Terra Nova Scandinavia and Cities+Tours. Our colleagues are spread across five different offices. Our main offices are situated in Oslo and in Stockholm, and we also operate field offices in Tromsø, Gothenburg, Ramlösa and Cologne.

    Media Contact
    Sarah King
    Media@Flywire.com

    Investor Relations Contact
    Masha Kahn
    IR@Flywire.com

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s expectations regarding the benefits of its travel clients and business, Flywire’s business strategy and plans, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire’s forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire’s Annual Report on Form 10-K for the year ended December 31, 2024, which is on file with the Securities and Exchange Commission (SEC) and available on the SEC’s website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

    The MIL Network –

    March 19, 2025
  • MIL-OSI: CURRENC Group and ARC Group Jointly Launch $100 Million AI-Focused Infrastructure & Investment Fund

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced its plan to form an AI-focused investment fund in collaboration with ARC Group, a leading global investment bank (“CURR-ARC AI Fund 1” or the “Fund”). As the first of a series of initiatives in CURRENC’s strategic AI investment blueprint, CURR-ARC AI Fund 1 aims to raise up to $100 million and will invest in AI data center (AIDC), green energy, and computing power development, driving AI innovation and digital transformation globally.

    The Fund’s general partner is CURR-ARC GP Limited, a joint venture company owned 80% by CURRENC and 20% by ARC Group.

    The investment focus of the Fund will be as follows:
    1. Approximately 80% of the Fund will be dedicated to global investments in AI computing power and green energy infrastructure projects, including the first phase of CURRENC’s planned 500MW hyperscale AIDC in Malaysia.
    2. Approximately 20% of the Fund will target emerging enterprises in the fields of AI ecosystems, fintech, and AI-driven solutions.

    The Fund will benefit from the leadership of a seasoned team of technology and finance experts, as well as experienced asset managers and AIDC operators. Together, they will execute the Fund’s investment strategy.

    “The CURR-ARC AI Fund 1 is a transformative initiative in our strategy to create a robust, sustainable ecosystem that spans AIDCs, green energy, fintech, and AI-driven solutions,” said Alex Kong, Founder and Executive Chairman of CURRENC. “It will allow us to support both established leaders and emerging disruptors across industries, simultaneously fueling innovation in AI and sustainable technology. We’re confident that this investment will enable us to harness AI’s full potential and propel the digital transformation globally, creating substantial value for our stakeholders and society as a whole.”

    Abraham Cinta, CEO of ARC Group, added, “We are thrilled to partner with CURRENC Group to advance our shared vision for the future of global industries. With our combined expertise in technology and finance, we are well-positioned to shape the next generation of AI innovations, green energy infrastructure, and scalable computing solutions that will drive sustainable global development.”

    About CURRENC Group Inc.
    CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered tools designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies, cryptocurrency exchanges and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    About ARC Group
    ARC Group is a globally based investment bank and management consultancy firm, specializing in bridging Asia and the West. Our services encompass a full spectrum of financial solutions, including IPOs, M&A, financing, venture capital, and SPACs. ARC Group also includes an independent consulting division dedicated to addressing the unique challenges faced by companies operating across both Asian and Western markets. Headquartered in Hong Kong, with offices across Mainland China, the USA, Malaysia, Indonesia, Vietnam, India, Sweden, and the UAE, we are well-positioned to provide cross-border financial and advisory services.

    Safe Harbor Statement
    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact
    CURRENC Group Investor Relations
    Email: investors@currencgroup.com

    The MIL Network –

    March 19, 2025
  • MIL-OSI: IDT Corporation to Present at Sidoti Investor Conference

    Source: GlobeNewswire (MIL-OSI)

    NEWARK, NJ, March 18, 2025 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, will present at the Sidoti Virtual Investor Conference that will be held on March 19th and 20th, 2025.

    Marcelo Fisher, Chief Financial Officer, will present at 10:45 AM Eastern time on Wednesday, March 19th. His presentation will provide an overview of IDT’s operations, strategy, and financial results. Mr. Fischer will also host one-on-one investor meetings throughout both days of the conference.

    The IDT presentation can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_WzrWFhVxTyWLK2-SZOALTg.

    To register for the presentation or one-on-ones, visit www.sidoti.com/events. Registration is free.

    All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    ABOUT IDT CORPORATION

    IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

    Contact:
    Bill Ulrey
    IDT Investor Relations
    Phone: (973) 438-3838
    E-mail: invest@idt.net

    ###

    The MIL Network –

    March 19, 2025
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