Category: Finance

  • MIL-OSI New Zealand: Update: Police conduct enquiries in Marokopa area after sighting of missing children

    Source: New Zealand Police (National News)

    Please attribute to Detective Inspector Andrew Saunders:

    Waikato Police are continuing to make enquiries after a sighting of Tom Phillips and his children was reported on Thursday evening.

    Investigators received information about 7pm on Thursday that Tom had been seen in bush area west of Coutts Road in Marokopa with Jayda, Maverick and Ember.

    Our enquiries have established that this was a credible sighting, and Police believe it was indeed Tom and his children.

    Police dispatched staff to the Marokopa area on Thursday night and a three-day search was commenced.

    Part of the search phase included air support from the Police Eagle helicopter and a Royal New Zealand Air Force NH90 helicopter.

    While nothing further of significance was located, investigators will now assess information gathered to determine any next steps.

    This is the first time all three of the children have been sighted, which is positive information, and we know it will be reassuring for the children’s wider family.

    Police continue to urge those in the Marokopa community to remain alert and report any suspicious activity, no matter how minor, to us.

    If you have any information that could help our enquiries, please update us online now or call 105.

    Please use reference number 211218/5611.

    Information can also be provided anonymously via Crime Stoppers on 0800 555 111.

    ENDS

    Issued by Police Media Centre 

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Consultation open on criteria for significant plan amendments and replacement plans

    Source: Tertiary Education Commission

    Last updated 7 October 2024
    Last updated 7 October 2024

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    The Tertiary Education Commission (TEC) invites feedback on the proposed criteria for significant plan amendments (SPAs) and replacement plans (RPs) until 5pm on 1 November 2024.
    The Tertiary Education Commission (TEC) invites feedback on the proposed criteria for significant plan amendments (SPAs) and replacement plans (RPs) until 5pm on 1 November 2024.

    TEC is required by the Education and Training Act 2020 to set criteria for significant plan amendments and replacement plans. 
    It’s normal for there to be changes to Investment Plans during an approved funding period. 
    The proposed criteria are intended to:

    enable tertiary education organisations (TEOs) to make some changes without our approval
    clarify when we need to approve more significant changes.

    If a proposed change: 

    meets the criteria, a tertiary provider must ask us to approve the change.
    does not meet the criteria, a tertiary provider can make that change without our approval.

    The criteria will: 

    create more certainty for providers
    allow flexibility, and 
    reduce compliance.

    There are two ways an SPA or RP can progress using the draft criteria:

    a provider satisfies the criteria for an SPA or RP and asks us to approve any changes, or
    we are satisfied that a provider meets the criteria for an SPA or RP, and we require them to reassess their existing plan with a view to changing or replacing it.

    We are interested in your feedback on the proposed SPA and RP criteria. We would like to know whether:

    the proposed criteria for SPAs and RPs are reasonable
    the equivalent full-time students (EFTS) and hours thresholds for private training establishments (PTEs) are reasonable
    the assessment criteria are clear.

    Supporting information for tertiary providers
    The SPA and RP criteria are secondary legislation, so we need to use legal language when we draft them. We have published supporting information to help tertiary providers understand the proposed criteria.
    The document contains:

    Frequently Asked Questions about the consultation
    the key questions we’d like to hear from you about
    a plain-language version of each criterion.

    Supporting information on the consultation of significant plan amendments and replacement plans (PDF 413 KB)
    TEC-funded providers and their peak bodies can provide feedback on the SPA and RP criteria by 5pm on Friday 1 November. Your feedback will help develop the criteria that works best for providers and TEC. Please send your feedback to customerservice@tec.govt.nz with the subject line “Submission on Significant Plan Amendments and Replacement Plans”.
    We know there are a lot of demands on your time, but we do hope you can provide feedback. Feel free to collaborate with others or provide feedback through your peak body. 
    The finalised SPA and RP criteria will be published in the Gazette notice.

    MIL OSI New Zealand News

  • MIL-OSI China: China embraces world economy with unswerving opening-up

    Source: China State Council Information Office 2

    This aerial photo taken on Nov. 24, 2022 shows a freight train to enter the China-Laos Railway’s Friendship Tunnel connecting Mohan in southwest China’s Yunnan Province and Boten in northern Laos. (Xinhua/Hu Chao)
    Mohan, a small town in the southernmost part of southwest China’s Yunnan Province, reached a trade milestone last month, with over 10 million tonnes of freight, including fresh fruits, coffee, air conditioners and new-energy vehicles, transported on the China-Laos Railway over the previous three years.
    Since the launch of the 1,035 km rail line in December 2021, Mohan has become an important transport hub with significant highway and railway ports. Also, it’s the only national-level land port linking China and Laos, with new development opportunities mushrooming.
    The story of Mohan is a telling example of China’s unwavering high-level opening-up. Since the founding of the People’s Republic of China 75 years ago, China has achieved leapfrog development in opening wider to the world.
    Confident that opening-up is the right path, China has been implementing proactive strategies, including spurring trade growth, attracting foreign investment and expanding institutional opening-up, to accelerate cultivating new international competitive advantages and achieving mutual benefits with other countries.
    BOLSTERING FOREIGN TRADE, INVESTMENT
    In 1950, China’s foreign trade in goods was only 1.1 billion U.S. dollars, accounting for 0.9 percent of the world’s total. By 2023, China’s total goods trade had reached 5.9 trillion U.S. dollars, accounting for 12.4 percent of the global share, and has consistently ranked first in the world for seven consecutive years.
    Service trade has also undergone tremendous expansion. When the People’s Republic of China was founded, the country’s service trade was almost zero. While in 2023, China’s total service trade import and export volume reached 933.1 billion U.S. dollars, ranking fourth in the world.
    The country is actively expanding imports to share market opportunities with the rest of the world. In 2023, China’s import sources have covered over 200 countries and regions. The China International Import Expo (CIIE), the world’s first national-level import-themed expo, has been held for six consecutive years.
    “China should continue to offer new opportunities nurtured from its vast market to other countries by holding international fairs such as the CIIE, the China International Consumer Products Expo and the Global Digital Trade Expo,” said Ma Xiangdong, a professor at the Party School of the Communist Party of China of Beijing Municipal Committee.
    Continuous efforts have been made on lowering tariffs. China’s overall tariff level has been reduced to 7.3 percent, approaching the average level of developed countries. The country recently announced a move to give all the least developed countries that have diplomatic relations with China zero-tariff treatment for 100 percent tariff lines starting from Dec. 1 of this year.
    China has built 22 pilot free-trade zones, covering coastal, inland and border areas, contributing about 20 percent of the total foreign investment and import-export volume of the country.
    The country also keeps expanding its “friend circle” globally. By the end of 2023, China had signed 22 free-trade agreements with 29 countries and regions, and it had signed over 200 Belt and Road cooperation documents with over 150 countries and over 30 international organizations.
    At the same time, foreign investment has been encouraged. The country’s negative list for foreign investment had been shortened for five consecutive years from 2017 to 2021, and laws and regulations, including the Foreign Investment Law, were put into force to step up protection for foreign investors.
    In 2023, China’s foreign direct investment, in actual use, reached 163.3 billion U.S. dollars, an increase of 176 times compared to 920 million U.S. dollars in 1983, maintaining its world-leading position in terms of scale for multiple consecutive years.
    China’s investment is playing an increasingly prominent role in promoting economic development worldwide. In 2023, China’s non-financial outbound direct investment reached 130.1 billion U.S. dollars, an increase of 61 times on that of 2003, and ranking third worldwide for 11 consecutive years.
    PROPELLING INSTITUTIONAL OPENING-UP
    China has been unswervingly expanding institutional opening-up in recent decades to realize high-quality development and offer the world new growth momentum and opportunities, rolling out various policies.
    In the latest move of this kind, China announced in September that it would allow the establishment of wholly foreign-owned hospitals in certain cities and regions, including Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen and throughout the island of Hainan.
    In the same month, the country issued the 2024 version of the negative list for foreign investment access, reducing the number of restrictions from 31 to 29 and achieving zero restrictions on the manufacturing sector.
    This fully demonstrates China’s active willingness to expand mutual benefits and a clear attitude to supporting economic globalization, said Jin Xiandong, an official with the National Development and Reform Commission, adding that further efforts will be made to improve the level of foreign investment liberalization and facilitation, and to optimize service for foreign-invested enterprises.
    At its third plenum, the 20th Central Committee of the Communist Party of China renewed the country’s commitment to the basic state policy of opening to the outside world and continuing to promote reform through opening up.
    “Leveraging the strengths of China’s enormous market, we will enhance our capacity for opening up while expanding international cooperation and develop new institutions for a higher-standard open economy,” reads a resolution adopted at the plenum.
    Opening up to the outside world is not just a matter of “opening the door”, but more importantly, is actively aligning with international economic and trade regulations as well as other high-standard rules, said Zhang Bin, deputy director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences.
    Zhang underlined the need to enhance synergy between the domestic and international markets as well as resources to constantly cultivate and consolidate new advantages in international economic cooperation and competition. 

    MIL OSI China News

  • MIL-OSI Economics: DDG Ellard emphasizes vital role of parliaments, provides update on WTO priorities

    Source: World Trade Organization

    DDG Ellard acknowledged the crucial role that parliaments play as the key link between international institutions and the public. She emphasized that parliamentary engagement on WTO issues is essential for ensuring that the Organization’s work is effective, tangible and meaningful.

    Turning to current priorities, DDG Ellard first stressed the importance of bringing into force the Agreement on Fisheries Subsidies, adopted in June 2022, to end the worst form of fisheries subsidies. To do this, 111 WTO members — two-thirds of the WTO membership — must accept the Agreement. At this point, 83 members have already done so, leaving 28 remaining for entry into force. She expressed gratitude to members that have accepted the Agreement, commending parliamentarians for their unwavering support and efforts toward swift ratification. She urged those who have not yet done so to take action promptly.

    DDG Ellard also highlighted significant progress made at MC13 on the second part of the Agreement on Fisheries Subsidies, aiming to address overcapacity and overfishing. While a final agreement is still pending, she noted that the negotiations have come closer to consensus than ever before, following more than 20 years of discussions. Since MC13, members have engaged intensively in efforts to conclude a comprehensive agreement on fisheries subsidies based on the revised text in document TN/RL/W/279, aiming to establish strong disciplines on major subsidizers and distant water fishing, while providing appropriate and effective flexibility for developing members.

    DDG Ellard described the extensive work in the lead up to the WTO’s July 2024 General Council meeting. “We are very close,” she emphasized, urging political leaders to engage actively in finalizing the Agreement by the end of the year.

    On the topic of dispute settlement reform, DDG Ellard commended Ambassador Usha Dwarka-Canabady of Mauritius and the six co-facilitator experts for their efforts in advancing the ongoing negotiations among WTO members towards achieving a fully and well-functioning dispute settlement system by 2024, as mandated by ministers at MC12 and MC13. The areas of particular focus are appeal/review and accessibility to developing members. 

    She emphasized that although the Appellate Body is not functioning, the system has not ground to a halt, with members continuing to bring disputes to the WTO. In 2024, members initiated seven new disputes, and there are seven panel proceedings under way, demonstrating ongoing confidence in the system. 

    She further emphasized the ongoing work to build the necessary multilateral consensus to incorporate the outcomes of the plurilateral initiatives of WTO members into the WTO rulebook, such as the Investment Facilitation for Development (IFD) Agreement and the outcomes of the Joint Statement Initiative on E-commerce. She pointed to the IFD Agreement as the first global accord on investment facilitation, with the support of two-thirds of WTO members, including developing members. 

    She also noted that the stabilized text on e-commerce (INF/ECOM/87) has garnered broad support, although some participants are still conducting internal consultations. The co-convenors of the e-commerce initiative are continuing to engage to determine next steps.

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    MIL OSI Economics

  • MIL-OSI Translation: 03/10/2024 Conference on the occasion of the 30th anniversary of the Accounting Act

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    On October 3, 2024, a conference dedicated to the 30th anniversary of the adoption of the Accounting Act was held at the Ministry of Finance. During the event, the Minister of Finance presented the “Meritorious for Public Finances” distinctions. Andrzej Domański recalled that the Accounting Act was one of the first Polish legal acts consistent with European Union directives. Opening the conference, the Minister of Finance recalled that work on the Accounting Act was initiated in the Ministry of Finance, but it was thanks to the hard work and commitment of many people outside the ministry that the Accounting Act had a chance to be created and developed into a modern law, keeping up with the needs of various stakeholder groups. As he added, the creation and adoption of the Act at that time would not have been possible without the support of the accounting community, auditors, people involved in the development of the capital market and the scientific community. The Minister emphasized that the Accounting Act was one of the first Polish legal acts consistent with European Union directives. The essence of the changes was to abandon the detailed standards and instructions used in the previous system, in favor of entrusting accountants with the right to act independently, based on general principles and their professional knowledge and experience. Andrzej Domański also mentioned the projects currently being implemented in the Ministry of Finance in the field of accounting, including work aimed at implementing the so-called CSRD directive, systemic solutions in public accounting, or a project adapting the provisions of the Accounting Act to current legal and economic practice and technological progress. The Minister of Finance thanked the conference participants for their contribution to the development of this field, both in terms of creating law, as well as its explanation and application in practice. During the conference, Andrzej Domański presented the distinctions “Meritorious for Public Finances” to people who created the foundations of regulations in the area of accounting and took care of the development of balance sheet law. The distinctions were awarded to: Dr. Zdzisław Fedak – co-creator of the foundations of many institutions related to accounting in Poland, including the team at the Ministry of Finance dealing with legal regulations in the field of accounting and financial auditing. He participated in the creation of subsequent regulations in the field of accounting, including the Accounting Act of 1994, as editor-in-chief of the monthly “Rachunkowość”, and then also as a member of the Standards Committee. Prof. Gertruda Świderska – creator and head of the Department of Managerial Accounting at the Warsaw School of Economics in the years 1992-2018. Advisor to the Minister of Finance in the years 1992-1996, who was a member of the team creating the Accounting Act. Dr. Danuta Krzywda – co-author of the draft Accounting Act, former member of the Scientific Council of the Association of Accountants in Poland and the National Council of Statutory Auditors, representative of the KRBR in consultations with the Sejm Finance Committee on the amendment to the Accounting Act in 2000. Dr. hab. Radosław Ignatowski, prof. UŁ – member of the team creating the Accounting Act, creator of the then innovative regulations on the consolidation of financial statements, long-time member of the Accounting Standards Committee. The second part of the conference devoted to the future of accounting regulations was opened by Dr. hab. Jacek Jastrzębski, prof. Universidad de Washington, Chairman of the Polish Financial Supervision Authority. He drew attention to the importance of accounting for stakeholders, including the PFSA, the dynamics of changes in the financial and capital markets, and presented proposals for issues to be taken into account in the further development of accounting regulations. The conference was attended by representatives of institutions associating individual stakeholder groups: accountants, auditors, tax advisors, entrepreneurs, financial institutions, supervisory institutions, administration and the scientific community.

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Translation: 03/10/2024 Your e-PIT service awarded

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    Your e-PIT service awarded03.10.2024

    Your e-PIT service received the prestigious award “e-Services XXX-lecia”. The distinction was granted by the Program Council of the Teleinformatics Forum. The awarded service is one of the key services of the Ministry of Finance. During the XXX Teleinformatics Forum, the Ministry of Finance received the prestigious award “e-Services XXX-lecia for the Your e-PIT service”. The distinction was granted by the Program Council of the Teleinformatics Forum. On behalf of the Minister of Finance, the award was received by the Director General of the Ministry of Finance, Marta Niżałowska-Pactwa. The Director conveyed congratulations and thanks to all those involved in creating the service from the Ministry of Finance (MF), the National Revenue Administration (KAS), the IT Center of the Ministry of Finance (CIRF) and Critical Applications (AK), who contributed to the success and popularity of the service with their work and expert services. The representatives of the co-creators of the awarded service were also Roman Łożyński, Director of CIRF and Sebastian Lasek, President of AK. The Your e-PIT service is a tool thanks to which taxpayers can easily and safely file their annual PIT tax return electronically. As part of this service, the National Revenue Administration prepares and makes available to millions of taxpayers pre-filled tax returns. Each year, KAS improves the Your e-PIT service and introduces new solutions. This year, the service was also made available to entrepreneurs for the first time. The Your e-PIT service is appreciated by experts, as evidenced by this year’s “e-Services XXX-lecia” award. The service is also enjoying increasing interest from taxpayers. Each year, the number of people who have settled their taxes using Twój e-PIT is growing. This year, taxpayers have filed almost 13.8 million documents using the service. The Twój e-PIT service is available 24 hours a day. It can be used on any device connected to the Internet. Access to the service is available in the e-Tax Office (e-US), on the podatki.gov.pl website.

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI USA: Grassley, Hyde-Smith: Targeted Program Offers Rural Hospitals Financial ‘Shot in the Arm,’ but CMS Isn’t Maximizing It

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sens. Chuck Grassley (R-Iowa) and Cindy Hyde-Smith (R-Miss.) are pressing Centers for Medicare & Medicaid Services (CMS) on its refusal to use the budget-neutral Rural Community Hospital Demonstration (RCHD), despite the program’s proven efficacy for participating rural hospitals and qualifying facilities’ interest in joining. 
    “CMS last solicited program applications in 2017 and has communicated to us that the agency is not planning any further solicitations. Current law allows up to 30 hospitals to participate in the RCHD, but for the past several years CMS has underutilized the program, leaving as many as eight spots vacant,” the senators wrote CMS Administrator Brooks-LaSure.
    “A 2022 evaluation report found that new hospitals participating in the RCHD program saw their finances stabilize. The evaluation noted that hospitals joining the program saw a ‘large, positive, and statistically significant increases in their Medicare inpatient and combined margins.’ Rural stakeholders have called the RCHD a ‘lifeline’ and that has enabled struggling hospitals to expand health care services to seniors,” they continued. “The RCHD program is supporting rural hospitals and it should be fully utilized. If CMS has the tools to help one rural hospital, then you should be doing something about it.”
    Read Grassley and Hyde-Smith’s full letter HERE. 
    Background: 
    The RCHD program improves financial viability for hospitals that are too large to be Critical Access Hospitals and too small to succeed under Medicare’s hospital inpatient prospective payment system. Congress established the RCHD in 2003 and has reauthorized it three times since. 
    Grassley’s RCHD Efforts: 
    Grassley is a lifelong resident of rural Iowa who, through his membership and leadership on the Senate Finance Committee, consistently works to improve patients’ access to care and ensure their hospitals stay open, regardless of where they’re located. 
    Last year, Grassley secured a commitment from Health and Human Services Secretary Xavier Becerra that his agency would “do more” to support rural hospitals in need. Grassley followed up shortly after, urging CMS to open RCHD spots. At Grassley’s request, CMS spoke with Iowa facilities looking to participate in the RCHD program. However, after months sans action, Grassley at a March hearing questioned Secretary Becerra about his failure to fill program openings, asserting the agency should be wielding every tool in the toolbox to help rural hospitals.
    -30-

    MIL OSI USA News

  • MIL-OSI USA: A Proclamation on National Manufacturing Day,  2024

    US Senate News:

    Source: The White House
        American workers and the unions who fight for them represent the best of our country.  They help power our economy and strengthen our middle class.  On National Manufacturing Day, we celebrate the ingenuity, grit, drive, and determination of the American worker.  We thank them for their contributions, and we recommit to investing in their productivity and success.
         There have always been competing visions for the future of America.  Some envision a future in which the failed trickle-down policies that hurt working families for more than 40 years are continued.  When I think about our future, I see an America where we grow the economy from the middle out and the bottom up — not the top down.  I see an America where working people finally have a fair shot.  Above all, I see a future that is made right here in America. 
         That is why my Administration has invested in American manufacturing to restore the backbone of our Nation:  the middle class.  Together, we are doing what has always worked best in this country — investing in all of America and in all Americans.  My Investing in America agenda — including my Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act — is revitalizing American manufacturing.  So far, we have attracted over $910 billion in private sector investment in manufacturing and clean energy nationwide and seen spending on factory construction soar to new records, roughly triple the pre-pandemic average.  These investments are helping create hundreds of thousands of jobs — including over 700,000 manufacturing jobs — building new semiconductor fabs, electric vehicle and battery factories, and so much more, here in America.  And we are working with employers, unions, community colleges, high schools, and other partners to ensure American workers are trained for the good manufacturing jobs we are generating.
         We have also made sure that Federal funds support American manufacturing.  “Buy American” has been the law of the land since the 1930s.  Past administrations said a lot but did not do a lot.  On my watch, Federal projects have been made with American products and built by American workers.  I fought for the passage of the “Build America, Buy America Act,” which established domestic content preferences in Federal infrastructure spending, as part of the Bipartisan Infrastructure Law.  I signed the “Federal Research and Development in Support of Domestic Manufacturing and United States Jobs” Executive Order, directing Federal agencies to prioritize domestic manufacturing when it comes to research, development, innovation, and bringing inventions to market.  My Administration also made the strongest changes to Buy American rules in nearly seven decades by increasing the domestic content threshold for Federal procurement from 55 percent to 65 percent in 2024.  I also announced new requirements for lumber, glass, fiber optic cables, and other construction materials used in Federal infrastructure projects to be made in America.  And we will keep working to ensure that American taxpayer dollars are invested in American workers.
         Growing up in Scranton, Pennsylvania, I learned a basic value set — money does not determine your worth, and all anyone wants is a fair shot.  When I look at the economy, I see it through the eyes of Scranton.  That is why I came into office determined to write a new chapter in our American comeback story — one where we can take pride in knowing that we can still get big things done in this great Nation. 
         During National Manufacturing Day, may we rededicate ourselves to writing that story by making the phrase “Made in America” not just a slogan but a reality.
         NOW, THEREFORE, I, JOSEPH R. BIDEN JR., President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim October 4, 2024, as National Manufacturing Day.  I thank our manufacturing workers for all that they do to strengthen our Nation, encourage all Americans to look for ways to get involved in their communities, and call on everyone to join me in participating in National Manufacturing Day and, most importantly, buying American.
         IN WITNESS WHEREOF, I have hereunto set my hand this third day of October, in the year of our Lord two thousand twenty-four, and of the Independence of the United States of America the two hundred and forty-ninth.
                                  JOSEPH R. BIDEN JR.

    MIL OSI USA News

  • MIL-OSI USA: CBO Confirms: Biden-Harris Medicare Cost-Shifting Policy Will Cost Taxpayers Billions

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – The nonpartisan Congressional Budget Office (CBO) issued its fiscal analysis of the Biden-Harris administration’s Medicare Part D Premium Stabilization Demonstration Program. Among other findings, CBO estimates the program – which the Centers for Medicare & Medicaid Services (CMS) launched to artificially lower seniors’ premiums that have surged due to Democrat policymaking – could cost taxpayers more than $21 billion over three years if implemented as planned.  
    CBO conducted its analysis at the request of Senate Budget Committee Ranking Member Chuck Grassley (R-Iowa) and House Budget Committee Chairman Jodey Arrington (R-Texas), along with Senate Finance Committee Ranking Member Mike Crapo (R-Idaho), House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-Wash.) and House Ways and Means Committee Chairman Jason Smith (R-Mo.).
    “When Democrats unilaterally enacted major changes to Medicare two years ago, they set seniors up for new expenses and fewer options. This nonpartisan CBO analysis confirms CMS’s cost-shifting plan is a dishonest election year gimmick to cover up those consequences,” Grassley said. “Rather than coming to the table and legitimately addressing its partisan mistakes, the Biden-Harris administration threw taxpayer dollars at the problems it created, putting Americans on the hook for tens of billions more dollars.” 
    “As predicted, the Biden-Harris Inflation Reduction Act not only quelled investment for new cures, but caused Medicare prescription drug plan premiums to skyrocket, and Democrats are scrambling to cover it up before the election. In July, the Biden-Harris CMS scrambled to create a new federal program that will send billions of tax dollars to large health insurance companies to cover up a massive flaw in their so-called Inflation Reduction Act,” Arrington said. “Today, CBO confirmed that the administration’s election year Hail Mary will cost taxpayers an astounding $7 billion next year alone, and $21 billion over the planned three-year demo, adding to the more than $2 trillion in Biden-Harris executive spending.”
    CBO findings of note:

    Relative to prior projections, CBO expects an increase in federal Medicare Part D spending by $10-$20 billion in 2025 as a result of Democrats’ Inflation Reduction Act. The demonstration’s temporary subsidies will drive up federal spending by another $5 billion and increase net spending on interest by $2 billion.

    The demonstration program increased plans’ expected benefit payments, which contributed to a significant 2024-2025 rise in the amount plans bid. Those higher bids hike the premiums that beneficiaries pay, as well as the federal subsidies to Part D plans.

    Background:
    Congressional Democrats in the Inflation Reduction Act significantly redesigned the Medicare Part D prescription drug benefit at an estimated cost of nearly $30 billion over 10 years. PDP sponsors then moved to increase their plan bids and base beneficiary premiums, while reducing plan offerings for 2025.
    As a reaction, CMS announced its Premium Stabilization Demonstration. This cost-shifting program artificially lowered the cost of seniors’ Part D premiums by sending federal funds to large health insurance companies. It applies a uniform reduction of $15 to the base beneficiary premium, establishing a year-over-year limit of $35 on how much a plan’s total Part D premium can increase. The Wall Street Journal Editorial Board called the demonstration a “Medicare election bribe for seniors.”
    -30-

    MIL OSI USA News

  • MIL-OSI USA: Heinrich, Luján, Vasquez Welcome Infrastructure Law Investment in Southline Transmission Project in Southern New Mexico

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)
    ALBUQUERQUE, N.M. — U.S. Senator Martin Heinrich (D-N.M.), a member of the Senate Energy and Natural Resources Committee and the co-founder and co-chair of the Electrification Caucus, U.S. Senator Ben Ray Luján (D-N.M.), and U.S. Representative Gabe Vasquez (D-N.M.)  welcomed the U.S. Department of Energy’s (DOE) announcement that its Grid Deployment Office (GDO) is investing $1.5 billion for five electric transmission projects— including the Southline Transmission Project in southern New Mexico.  
    The funding will come from the Grid Deployment Office’s (GDO) Transmission Facilitation Program (TFP), a revolving fund program established by the Infrastructure Law that Heinrich, Luján, and Democrats in the New Mexico Congressional Delegation championed into law. The TFP helps overcome the financial hurdles facing transmission development through a number of innovative financing mechanisms. 
    “The investments that we unlocked through our Infrastructure Law and the Inflation Reduction Act are solidifying New Mexico’s leadership in building a cleaner, healthier, and more affordable energy future,” said Heinrich. “High-voltage transmission projects like Southline will be the backbone of our clean energy transition, delivering carbon-free power generated in New Mexico to market. They will also create high-quality careers that New Mexicans can build their families around, in their home communities. To get more transmission projects like Southline and SunZia built faster so we can connect more large-scale clean energy and storage projects onto the grid, it’s critical that Congress pass transmission permitting reform. I will continue pressing leaders from both parties to pass legislation to get that done.” 
    “Investing in transmission projects is critical to deliver reliable, affordable, clean energy to communities across New Mexico,” said Luján. “This investment in the second phase of the transformative Southline project will help boost our power grid, bring good-paying clean energy jobs to our state, and lower energy costs for New Mexicans and residents in the Southwest. I’m proud to have helped secure this federal investment through the Bipartisan Infrastructure Law, and I will continue to unlock federal resources to advance clean energy projects across our state.” 
    “From my first day in office, I have worked to support generational projects like Southline that realize New Mexico’s potential to help power our clean energy future. This investment from the Bipartisan Infrastructure Law will connect high voltage transmission from Las Cruces through Hidalgo County, opening up incredible potential for renewable energy development in our district,” said Vasquez. “I will always work to bring transformational investments to our district that help provide good, high paying jobs for our rural communities.” 
    With this funding, Southline will construct the second phase of its project: a new 108-mile, 345 kV high-voltage alternating current line that will deliver 1,000 MW of new, bidirectional capacity between Hidalgo County, New Mexico and Las Cruces, New Mexico.  
    Heinrich previously welcomed DOE funding for the first phase of the Southline Project, which included a 175-mile, 748 MW transmission line from Hidalgo County, New Mexico, to Pima County, Arizona, that will help unlock renewable energy development in southern New Mexico and deliver diverse sources of clean energy to growing markets in Arizona. Southline Phase 2 will add much-needed transmission capacity across the American Southwest, which is grappling with extensive power demands driven by residential, commercial, and industrial activity. 
    In August, Heinrich, Luján, and Vasquez also welcomed $1.8 million from DOE for the City of Lordsburg. As a community hosting the Southline Transmission Project, the City will launch the Lordsburg Revitalization Project, a comprehensive investment to renovate downtown Lordsburg and bolster economic development; create opportunities for small businesses; and catalyze job growth. This grant was made possible through the Inflation Reduction Act, which was passed by Democrats in the N.M. Delegation, and is funded through DOE’s Transmission Siting and Economic Development Grant Program, a new initiative designed to overcome state and local challenges to expanding transmission capacity while also supporting communities along major new and upgraded lines. 

    MIL OSI USA News

  • MIL-OSI USA: SCHUMER ANNOUNCES $7.4 MILLION FOR ROCKLAND COUNTY TO REMOVE LEAD PAINT HAZARDS FROM AGING HOMES, SAYS INVESTMENT WILL PROTECT THE HEALTH AND WELL-BEING OF HUDSON VALLEY CHILDREN FROM TOXIC…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer
    U.S. Department Of Housing And Urban Development’s Lead-Based Paint Hazard Reduction Program Provides Federal Funding To Rid Homes And Communities Of Lead Hazards
    Schumer Has Long Fought To Get The Lead Out Of NYS – Securing Millions In Fed $$ To Remove Lead Hazards From Homes – And Latest Investment Will Boost Efforts Even Further To Rid Homes Of Toxic Lead Paint
    Schumer: Federal Funding To Remove Lead Hazards Is A Shot In The Arm To Protect Rockland’s Children And Public Health
    U.S. Senate Majority Leader Chuck Schumer today announced $7,400,000 in federal funding for Rockland County from the U.S. Department of Housing and Urban Development’s (HUD) Lead-Based Paint Hazard Reduction Program. Schumer explained that the funding will be used to address lead-based paint hazards, improving the health of children and families across New York State.
    “No amount of toxic lead exposure is safe for children in Rockland County. I am proud to secure $7.4 million to help Rockland County & the Village of Pomona remove lead paint from homes to protect our children and public health,” said Senator Schumer. “Lead poisoning is an irreversible, preventable tragedy that robs many families and children of their future. This major federal funding is the shot in the arm the Hudson Valley needs accelerate lead paint removal and prevention and protect the health and safety of families in Rockland County.”
    This funding builds on years of efforts by Schumer to help address toxic lead exposure across Upstate NY. Schumer has long been a driving force in securing federal funding to reduce lead exposure in New York. In addition to fighting lead exposure in paint, Schumer has also led the charge to increase federal funding to eliminate lead service pipes for drinking water in New York. The senator secured one of the largest federal investments ever into eliminating lead service pipes in the Bipartisan Infrastructure Investment & Jobs Law, which includes a $15 billion carve-out within the Drinking Water State Revolving Fund (DWSRF) over 5 years ($3 billion every year) for lead service pipe replacement.
    According to the National Institutes of Health (NIH), lead is much more harmful to children than adults because it can affect children’s developing nerves and brains. Lead-based paint, still encasing the walls of many homes, often erodes and settles on children’s toys on the floor, eventually falling into the hands and mouths of children. For children under the age of 6, lead exposure can result in developmental delays, learning difficulties, and behavioral issues, which may lead to lifelong health and financial consequences. Schumer has long advocated for protecting New York’s children and families in the past by securing millions of dollars in federal funding to eradicate these toxic elements from homes in order to reduce lead poisoning cases. Lead poisoning can cause developmental difficulties, physical pain, and neurological damage.
    The purpose of the Lead-Based Paint Hazard Reduction Program is to identify and control lead-based paint hazards in eligible privately-owned housing for rental or owner-occupants. These grants are used to assist municipalities in carrying out lead hazard control activities.

    MIL OSI USA News

  • MIL-OSI USA: SCHUMER ANNOUNCES $22+ MILLION FOR FOUR UPSTATE NY COMMUNITIES TO REMOVE LEAD PAINT HAZARDS FROM AGING HOMES; SENATOR SAYS INVESTMENT WILL PROTECT THE HEALTH AND WELL-BEING OF NY’S CHILDREN FROM TOXIC…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer
    Fed Lead-Based Paint Hazard Reduction Program Will Boost Albany, Schenectady, Onondaga, and Chautauqua County To Help Rid Homes And Communities Of Lead Hazards
    Schumer Has Long Fought To Get The Lead Out Of Upstate NY – Securing Millions In Fed $$ To Remove Lead Hazards From Homes – And Latest Investment Will Boost Efforts Even Further To Rid Homes Across Upstate NY Of Toxic Lead Paint
    Schumer: Fed $$$ Is A Shot In The Arm To Protect Upstate NY’s Children And Public Health
    U.S. Senate Majority Leader Chuck Schumer announced $22,467,061 in federal funding for four cities from the U.S. Department of Housing and Urban Development’s (HUD) Lead-Based Paint Hazard Reduction Program. Schumer explained that the funding will be used to address lead-based paint hazards, improving the health of children and families across Upstate NY in Onondaga, Albany, Schenectady, and Chautauqua Counties.
    “No amount of toxic lead exposure is safe for children in Upstate NY. Today I am proud to deliver $22+ million for communities from the Capital Region to Central NY to Western NY to remove lead paint from homes to protect our children and public health,” said Senator Schumer. “Lead poisoning is an irreversible, preventable tragedy that robs many families and children of their future. This major federal funding is the shot in the arm that these regions need to boost lead paint removal and prevention and protect the health and safety of families across Upstate NY.”
    A full list of awards can be found below:

    Organization Name

    Community

    County

    Federal Funding

    Albany Community Development Agency

    Albany

    Albany

    $5,000,000.00

    City of Schenectady

    Schenectady

    Schenectady

    $3,967,061.00

    Onondaga County Community Development

    Syracuse

    Onondaga

    $7,750,000.00

    Chautauqua County

    Mayville

    Chautauqua

    $5,750,000.00

    This funding builds on years of efforts by Schumer to help address toxic lead exposure across Upstate NY. Most recently in 2023, Schumer helped secure $6.3 million in federal funding for Broome County, nearly $4 million for Utica, and $3.3 million for Niagara County through the Lead-Based Paint Hazard Reduction Program to bolster ongoing efforts.
    Schumer has long been a driving force in securing federal funding to reduce lead exposure in New York. In addition to fighting lead exposure in paint, Schumer has also led the charge to increase federal funding to eliminate lead service pipes for drinking water in New York. The senator secured one of the largest federal investments ever into eliminating lead service pipes in the Bipartisan Infrastructure Investment & Jobs Law, which includes a $15 billion carve-out within the Drinking Water State Revolving Fund (DWSRF) over 5 years ($3 billion every year) for lead service pipe replacement.
    According to the National Institutes of Health (NIH), lead is much more harmful to children than adults because it can affect children’s developing nerves and brains. Lead-based paint, still encasing the walls of many homes, often erodes and settles on children’s toys on the floor, eventually falling into the hands and mouths of children. For children under the age of 6, lead exposure can result in developmental delays, learning difficulties, and behavioral issues, which may lead to lifelong health and financial consequences. Schumer has long advocated for protecting New York’s children and families in the past by securing millions of dollars in federal funding to eradicate these toxic elements from homes in order to reduce lead poisoning cases. Lead poisoning can cause developmental difficulties, physical pain, and neurological damage.
    The purpose of the Lead-Based Paint Hazard Reduction Program is to identify and control lead-based paint hazards in eligible privately-owned housing for rental or owner-occupants. These grants are used to assist municipalities in carrying out lead hazard control activities.

    MIL OSI USA News

  • MIL-OSI New Zealand: Strengthening resilience with critical road improvement projects

    Source: New Zealand Government

    The Government has approved a $226.2 million package of resilience improvement projects for state highways and local roads across the country that will reduce the impact of severe weather events and create a more resilient and efficient road network, Transport Minister Simeon Brown says.

    “Our Government is committed to delivering infrastructure that boosts economic growth, reduces congestion, and enables Kiwis and freight to get where they want to go, quickly and safely.

    “In recent years we have seen the terrible consequences that severe weather events can have on important transport networks across the country. It’s critical that improvements are made to strengthen our transport infrastructure against future severe weather events.”

    Finance Minister Nicola Willis and Transport Minister Simeon Brown have jointly approved a $132 million investment through the Crown Resilience Programme into 101 state highway projects across the country that will commence during 2024-27. An additional $74.6 million will also be invested in local road projects across 34 councils.

    “Funding of almost $16 million will address flooding risk across four critical Auckland state highway projects. Over $25 million will be invested across 30 state highway projects in the Waikato, including a retaining wall upgrade in the Karangahake Gorge and critical erosion work alongside the Waikato River and in the Hikuai Hills.

    “Our Government has approved over $30 million to be invested across the South Island through the Crown Resilience Programme, including drainage improvements and underslip repairs in the Whangamoa Hill and Rai Saddle, and rockfall work at the Bens Creek bridge on the West Coast.

    “While this critical programme of works is focused on small to medium level projects, we’re taking a proactive approach to increase the resilience of our network. Rather than just reacting to severe weather events, we are building resilience now to ensure that our infrastructure is strong in the face of future challenges.

    “Our roads are critical for freight and tourism, and serve as important lifelines for communities around New Zealand. We must maintain these assets to the standard Kiwis need and expect, particularly in rural and remote locations where alternative routes are not available.”

    MIL OSI New Zealand News

  • MIL-OSI Canada: Improving health care in rural and remote Alberta

    Source: Government of Canada regional news

    [embedded content]

    Albertans living in rural and remote communities face unique challenges that require tailored supports and approaches to deliver safe, high-quality and sustainable health care services. To help guide actions, address challenges and improve outcomes in rural and remote health care, Alberta’s government is launching a Rural Health Action Plan.

    As some of the first steps being taken under the action plan, Alberta’s government is introducing a $16-million Rural and Remote Family Medicine Resident Physician Bursary Pilot Program, an $800,000 Medical First Responder (MFR) Grant program and a $600,000 Emergency Medical Responder (EMR) Education Grant program.

    “There is an urgent need for customized supports in rural and remote communities across Alberta. This action plan will serve as a roadmap to build and maintain access to high-quality health care in these areas of the province.”

    Adriana LaGrange, Minister of Health

    “Investing in our rural health care workforce is essential for communities across the province. The introduction of the Rural and Remote Family Medicine Resident Physician Bursary Pilot Program is a vital step toward attracting and retaining skilled professionals in Alberta’s rural and remote areas.” 

    Martin Long, parliamentary secretary for rural health

    Rural and Remote Family Medicine Resident Physician Bursary Pilot Program

    To support family medicine residents who are interested in practising in rural or remote Alberta, Alberta’s government is introducing a $16-million Rural and Remote Family Medicine Resident Physician Bursary Pilot Program. This initiative will provide up to $8 million annually for the next two years.

    Bursaries of either $125,000 (for rural stream applicants) or $200,000 (for remote stream applicants) will be available to medical students in their final year of an undergraduate medical program at any medical university who have been matched with a family medicine residency program at the University of Alberta or University of Calgary. The bursaries will also be available to residents currently completing a family medicine residency at the University of Alberta or University of Calgary, regardless of their year of study, including those graduating in June 2025. In return, bursary recipients will commit to delivering comprehensive patient care in eligible communities for three years after completing their residency, enhancing the capacity of rural and remote communities.

    This initiative is one part of a comprehensive strategy to build a thriving rural and remote health care workforce. Applications for 2024-25 will open in December.

    Medical First Responder Grant and Emergency Medical Responder Education Grant

    Alberta’s government is also implementing two grant programs to strengthen rural, remote, and First Nation, Métis and Inuit communities by attracting and retaining paramedics. This will also support the work to address long emergency response times by funding new medical first responder programs in communities with limited access to health care services.

    The initiative includes an $800,000 Medical First Responder (MFR) Agency Grant program to foster the establishment of new MFR agencies, and a $600,000 Emergency Medical Responder (EMR) Education Grant program for communities with existing emergency medical services (EMS) stations to recruit and train a local workforce. MFR agencies in Alberta such as fire departments provide initial medical care and assistance to individuals in emergency situations before more advanced medical help arrives, playing a valuable role in the care of patients before they arrive at a hospital. These agencies often consist of trained volunteers or professionals who are equipped to respond to a wide range of medical emergencies, including cardiac arrests, traumatic injuries and respiratory distress. MFRs are key partners with EMS in Alberta that provide timely aid to patients and assist EMS when requested.

    “This initiative is an exciting step in improving access to health care in rural and remote municipalities like ours, and we thank the provincial government for their commitment to taking swift and ongoing action to support and stabilize primary health care in our community.”  

    Nicholas Nissen, mayor, Town of Hinton

    “The RMA is encouraged by the Government of Alberta’s efforts into applying a rural lens on how health care is funded, structured and delivered. This plan is a significant step towards designing and implementing a system that works for rural communities across the province.”

    Paul McLauchlin, president, Rural Municipalities of Alberta

    Quick facts

    • The Rural Health Care Action Plan will be reviewed and updated every three years.
    • Focus areas of the action plan include:
      • Workforce: Create a healthy, sustainable, engaged and efficient health workforce in rural and remote Alberta.
      • Access: Deliver high-quality and appropriate health care services when and where Albertans need it. 
      • Models of Care: Create unique care models and solutions that serve the needs in rural and remote communities.
      • Community Care: Establish community-specific supports to promote the physical and mental well-being of rural and remote Albertans.
      • Prevention and Wellness: Support rural initiatives to reduce risk factors and encourage protective measures to reduce strain on the health system.
    • Bursary recipients will be free to practise and stay in a single community, move between communities or practise as locums, as long as they maintain a minimum patient panel and practise in Rural Remote Northern Program (RRNP) eligible communities.
    • The New Medical First Responder (MFR) Grant program will be used to fund up to 16 new programs at $50,000 per agency.
    • The Emergency Medical Responder (EMR) Education Grant program is expected to fund about 25 courses. The cost will vary depending on associated travel costs.

    Related information

    • Modernizing Alberta’s Primary Health Care System (MAPS)
    • Rural Health Action Plan
    • Emergency Medical Responder Education Grant
    • Medical First Responder Grant

    Related news

    • Enhancing early detection of cervical cancer (Sept. 26, 2024)
    • Supporting innovation and growth in rural Alberta (Sept. 24, 2024)
    • Investing in Alberta’s Emergency Services (Feb. 21, 2024)
    • Strengthening health care: Improving access for all (Oct. 18, 2023)

    Multimedia

    • Watch the news conference

    MIL OSI Canada News

  • MIL-OSI USA: Tonko Heralds Alzheimer’s Legislation Signed into Law

    Source: United States House of Representatives – Representative Paul Tonko (Capital Region New York)

    WASHINGTON, DC — Congressman Paul D. Tonko (NY-20) celebrated President Biden signing into law his National Alzheimer’s Project Act (NAPA) Reauthorization Act, bipartisan legislation he authored that reauthorizes the National Alzheimer’s Project Act through 2035 to provide a roadmap for federal efforts in responding to Alzheimer’s and other dementias, as well as the Alzheimer’s Accountability and Investment Act that ensures scientists speak directly to Congress on resources they need to effectively treat the disease.

    “This action marks a major step in tackling Alzheimer’s and delivering a needed dose of hope to those living with this devastating disease and their loved ones,” Congressman Tonko said. “During my first term in Congress, I joined my colleagues in advancing the National Alzheimer’s Project Act (NAPA) to provide a roadmap for federal efforts in responding to Alzheimer’s and other dementias. Now, after a decade of successful implementation of that law, and with its expiration in 2025 looming, I was honored to lead the push to reauthorize this pivotal legislation. The enactment of the NAPA Reauthorization Act and Alzheimer’s Accountability and Investment Act will equip us with the tools and resources necessary to address Alzheimer’s and ease the heavy burden on patients and their families. I’m thankful to my colleagues and the numerous local, state, and national organizations who stood with me to get this legislation across the finish line.”

    From the beginning of his time in Congress, Tonko has championed the push to address Alzheimer’s and related dementias. Ever since he introduced this legislation last year, Tonko has pushed for the passage of these bills, first through House Committee and later to the Floor, where they were advanced just last week.

    “Congressman Paul Tonko is a longstanding champion for the 426,500 New Yorkers living with Alzheimer’s and their caregivers,” said Beth Smith-Boivin, executive director of the Alzheimer’s Association, Northeastern New York Chapter. “From holding roundtable discussions to attending our local Walk to End Alzheimer’s, Congressman Tonko has sat with and listened to the stories from local families impacted by this devastating disease. But his tireless efforts in Congress to advance these bipartisan bills across the finish line not only impacts individuals in his district, but throughout New York State and across the nation. These bills show that our nation is committed to a future in which everyone in all communities will have access to prevention, early detection, treatment, care, and ultimately, cures. We are so grateful to have Congressman Tonko as a powerful and compassionate advocate for our cause.”

    Also advanced in the House last month and awaiting action in the Senate is the Building Our Largest Dementia (BOLD) Infrastructure for Alzheimer’s Reauthorization Act, which Tonko co-leads. The bill drives public health research, early detection infrastructure, and support for caregivers. 

    MIL OSI USA News

  • MIL-OSI Australia: Attemtped arson attack north-eastern suburbs business

    Source: South Australia Police

    Police are investigating following an attempted arson on a tobacco shop in Clearview earlier this morning.

    About 4.45am on Friday 4 October, police and emergency services were called to a business premises on Hampstead Road after a member of the public reported seeing a fire at the front of the property.

    MFS crews extinguished the small fire on the ground outside the business and fortunately no damage was caused to the shop.

    Western District patrols located remnants of a Molotov cocktail nearby and a crowbar suspected to have been used on the roller shutter at the front of the building causing minor damage.

    Crime Scene Investigators and Detectives will be attending the scene this morning to further investigate the incident.

    Anyone with information that may assist with the investigation is asked to contact Crime Stoppers.  You can anonymously provide information to Crime Stoppers online at https://crimestopperssa.com.au or free call 1800 333 000.

    MIL OSI News

  • MIL-OSI: AGF Reports September 2024 Assets Under Management and Fee-Earning Assets

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) — AGF Management Limited reported total assets under management (AUM) and fee-earning assets1 of $50.9 billion as at September 30, 2024.

    AUM

    ($ billions)

    September 30,
    2024
    August 31,
    2024
    % Change
    Month-Over-
    Month
    September 30,
    2023
    % Change
    Year-Over-
    Year
    Total Mutual Fund $28.7 $28.1   $23.5  
    Exchange-traded funds + Separately managed accounts $2.4 $2.1   $1.4  
    Segregated accounts and Sub-advisory $6.6 $6.4   $6.9  
    AGF Private Wealth $8.3 $8.2   $7.1  
    Subtotal
    (before AGF Capital Partners AUM and fee-earning assets1)
    $46.0 $44.8   $38.9  
    AGF Capital Partners $2.8 $2.8   $0.1  
    Total AUM $48.8 $47.6 2.5% $39.0 25.1%
    AGF Capital Partners fee-earning assets1 $2.1 $2.1   $2.0  
    Total AUM and fee-earning assets1 $50.9 $49.7 2.4% $41.0 24.1%
               
    Average Daily Mutual Fund AUM $28.2 $27.7   $24.0  

    1 Fee-earning assets represent assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.

    Mutual Fund AUM by Category

    ($ billions)

    September 30,
    2024
    August 31,
    2024
    September 30,
    2023
    Domestic Equity Funds $4.4 $4.3 $3.9
    U.S. and International Equity Funds $17.3 $16.9 $13.1
    Domestic Balanced Funds $0.1 $0.1 $0.1
    U.S. and International Balanced Funds $1.6 $1.6 $1.6
    Domestic Fixed Income Funds $1.8 $1.7 $1.5
    U.S. and International Fixed Income Funds $3.2 $3.2 $3.1
    Domestic Money Market $0.3 $0.3 $0.2
    Total Mutual Fund AUM $28.7 $28.1 $23.5
    AGF Capital Partners AUM and fee-earning assets

    ($ billions)

    September 30,
    2024
    August 31,
    2024
    September 30,
    2023
    AGF Capital Partners AUM $2.8 $2.8 $0.1
    AGF Capital Partners fee-earning assets $2.1 $2.1 $2.0
    Total AGF Capital Partners AUM and fee-earning assets $4.9 $4.9 $2.1


    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With nearly $51 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    AGF Management Limited shareholders, analysts and media, please contact:

    Ken Tsang
    Chief Financial Officer
    416-865-4338, InvestorRelations@agf.com

    The MIL Network

  • MIL-OSI: Employers Holdings, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    HENDERSON, Nev., Oct. 03, 2024 (GLOBE NEWSWIRE) — Employers Holdings, Inc. (the “Company”) (NYSE:EIG) today announced that it will release its third quarter 2024 financial results after market close on Wednesday, October 30, 2024, after which these materials will be available on the Company’s website at http://www.employers.com through the “Investors” link.

    Conference Call Details
    The Company will then review these financial results via a conference call and webcast on Thursday, October 31, 2024, at 11:00 a.m. EDT / 8:00 a.m. PDT.

    To participate in the live conference call, you must first register here. Once registered you will receive dial-in numbers and a unique PIN number. The webcast will be accessible on the Company’s website at http://www.employers.com through the “Investors” link.

    An archived version of the webcast will be accessible on the Company’s website following the live call.

    © 2024 EMPLOYERS. All rights reserved.

    EMPLOYERS® and America’s small business insurance specialist® are registered trademarks of EIG Services, Inc. Employers Holdings, Inc. is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on small and select businesses engaged in low-to-medium hazard industries. The Company operates throughout the United States, with the exception of four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company and Cerity Insurance Company, all rated A- (Excellent) by the A.M. Best Company. Not all companies do business in all jurisdictions. See http://www.employers.com and http://www.cerity.com for coverage availability.

    Contact:
    Michael Paquette (775) 327-2562 or mpaquette@employers.com

    The MIL Network

  • MIL-OSI: PennantPark Investment Corporation Schedules Earnings Release of Fourth Fiscal Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) — PennantPark Investment Corporation (the “Company”) (NYSE: PNNT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on Monday, November 25, 2024 after the close of the financial markets.

    The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, November 26, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #3424889 or PennantPark Investment Corporation. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.

    ABOUT PENNANTPARK INVESTMENT CORPORATION

    PennantPark Investment Corporation is a business development company which principally invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $8.0 billion of investable capital, including potential leverage.  Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions.  PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:
    Richard T. Allorto, Jr.
    PennantPark Investment Corporation
    (212) 905-1000
    http://www.pennantpark.com

    The MIL Network

  • MIL-OSI: Compass Diversified Declares Third Quarter 2024 Distributions on Common and Series A, B and C Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    WESTPORT, Conn., Oct. 03, 2024 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that its Board of Directors (the “Board”) has declared a quarterly cash distribution of $0.25 per share on the Company’s common shares (the “Common Shares”). The distribution for the three months ended September 30, 2024, is payable on October, 24, 2024, to all holders of record of Common Shares as of October 17, 2024.

    The Board also declared a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares (the “Series A Preferred Shares”). The distribution on the Series A Preferred Shares covers the period from, and including, July 30, 2024, up to, but excluding, October 30, 2024. The distribution for such period is payable on October 30, 2024, to all holders of record of Series A Preferred Shares as of October 15, 2024.

    The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series B Preferred Shares (the “Series B Preferred Shares”). The distribution on the Series B Preferred Shares covers the period from, and including, July 30, 2024, up to, but excluding, October 30, 2024. The distribution for such period is payable on October 30, 2024, to all holders of record of Series B Preferred Shares as of October 15, 2024.

    The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series C Preferred Shares (the “Series C Preferred Shares”). The distribution on the Series C Preferred Shares covers the period from, and including, July 30, 2024, up to, but excluding, October 30, 2024. The distribution for such period is payable on October 30, 2024, to all holders of record of Series C Preferred Shares as of October 15, 2024.

    CODI’s common and preferred cash distributions should generally constitute “qualified dividends” for U.S. federal income tax purposes to the extent they are paid from “earnings and profits” (as determined under U.S. federal income tax principles), provided that the requisite holding period is met. To the extent that the amount of the cash distributions exceeds earnings and profits, such distribution will first be treated as a non-taxable return of capital to the extent of the holder’s adjusted tax basis in the shares, and thereafter be treated as a capital gain from the sale or exchange of such shares.

    CODI anticipates, but is not certain, that all 2024 distributions will be treated as qualified dividends, provided that the requisite holding periods are met. The final tax status of such amounts will be made and reported to shareholders in early 2025, when the determination of earnings and profits for the 2024 year is completed. The final tax status of the 2024 distributions may differ from this preliminary expectation.

    About Compass Diversified (“CODI”)
    Since its IPO in 2006, CODI has consistently executed its strategy of owning and managing a diverse set of highly defensible, middle-market businesses across the industrial, branded consumer and healthcare sectors. The Company leverages its permanent capital base, long-term disciplined approach, and actionable expertise to maintain controlling ownership interests in each of its subsidiaries, maximizing its ability to impact long-term cash flow generation and value creation. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and has consistently generated strong returns through its culture of transparency, alignment and accountability. For more information, please visit compassdiversified.com.

    Forward Looking Statements
    This press release may contain certain forward-looking statements, including statements with regard to the future performance of CODI and its subsidiaries. Words such as “believes,” “expects,” and “future” or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the SEC for the year ended December 31, 2023 and in other filings with the SEC. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Investor Relations
    Compass Diversified
    irinquiry@compassdiversified.com

    Gateway Group
    Cody Slach
    949.574.3860
    CODI@gateway-grp.com

    Media Relations
    Compass Diversified
    mediainquiry@compassdiversified.com

    The IGB Group
    Leon Berman
    212.477.8438
    lberman@igbir.com

    The MIL Network

  • MIL-OSI Asia-Pac: IIFT organizes regional conference of Asian and African chair holders of WTO Chairs Programme in New Delhi

    Source: Government of India (2)

    IIFT organizes regional conference of Asian and African chair holders of WTO Chairs Programme in New Delhi

    Conference highlights need for aligned trade strategies, digital solution for trade barriers and climate-responsive global trade norms

    Posted On: 03 OCT 2024 4:50PM by PIB Delhi

    The Indian Chair of the World Trade Organization (WTO) Chairs Programme (WCP) organised a  regional conference of the Asian and African Chairs on the theme Fostering Resilient and Responsible Trade for Changing Global Order at Vanijya Bhawan, New Delhi on 27thand 28thSeptember, 2024. The Indian Institute of Foreign Trade (IIFT) represented through its centres, namely, the Centre for Trade and Investment Law (CTIL) and the Centre for WTO Studies (CWS) administers the WTO Chair in India. The conference was inaugurated by Shri Ajay Bhadoo, Additional Secretary, Department of Commerce, Government of India.

    The key takeaways from the Conference are: (i) necessity of aligning regional and multilateral trade strategies for coherent global norms; (ii) importance of addressing barriers to trade using digital tools to ensure inclusivity and equal opportunities for all nations and stakeholders in international trade and (iii) critical need for robust climate action that accommodates the unique challenges faced by developing countries.

    Several dignitaries including India’s Ambassador and Permanent Representative to the WTO Dr. Senthil Pandian C.; Deputy Director General, WTO, Amb. Xiangchen Zhang; Vice Chancellor, IIFT, Prof. Rakesh Mohan Joshi; Head and Professor, CTIL and India Chair, WCP, Prof. James J. Nedumpara; Permanent Representative of France to the WTO, H.E. Ms. Emmanuelle Ivanov-Durand and H.E. Mr. Jung Sung Park, Deputy Permanent Representative of the Republic of Korea to the WTO addressed the gathering.

    The conference provided an opportunity for WTO chairholders, leading scholars, trade experts, and policymakers from across Asia and Africa to discuss ways and means of fostering resilient and responsible trade in a dynamic global economy.

    The Conference, over the two days, included seven thematic sessions on a broad array of topics relating to resilient and responsible trade, a keynote address by Henry J. Braker Professor of Commercial Law at The Fletcher School of Law and Diplomacy, Tufts University, United States, Prof. Joel Trachtman and a special address by CEO, NITI Aayog, Shri B. V. R. Subrahmanyam.

    The Conference also focused on critical issues at the intersection of global trade and sustainability. The discussions highlighted the need for coherence in trade strategies, the challenges of inclusive digital transformation, and the importance of responsible practices in critical mineral extraction with a specific focus on Asia and Africa regions. The event emphasized collaborative approaches to support developing countries in navigating complex trade dynamics and achieving sustainable development goals.

    In the thematic sessions, the representatives from the WCP Chairs from Asian and African institutions presented their ideas and experiences from a national, regional and multilateral perspective. The sessions covered topics such as regional aspects in international trade law, green industrial policies, critical minerals for a clean energy future, WTO dispute settlement system and sustainable climate actions.

    A roundtable of WCP Chairs was also held during the Conference to deliberate on collaborations between WCP Chairs of Asia and Africa. During the roundtable, the WCP Chairs discussed the role that the WTO could play in facilitating the network and the different ways in which the WCP Chairs could exchange knowledge, and experience and engage in academic partnerships under the aegis of WTO Chairs Programme.

    ***

    AD/VN/CNAN

    (Release ID: 2061557) Visitor Counter : 92

    MIL OSI Asia Pacific News

  • MIL-OSI: Talen Energy Purchases TeraWulf’s Minority Share in Nautilus Cryptomine

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 03, 2024 (GLOBE NEWSWIRE) — Talen Energy Corporation (“Talen” or the “Company”) (NASDAQ: TLN), an independent power producer dedicated to powering the future, announced today that it has completed a transaction with TeraWulf Inc. (“TeraWulf”) to purchase TeraWulf’s interest in Nautilus Cryptomine (“Nautilus”), a 200-megawatt bitcoin mining facility in Berwick, Pa. As a result of the transaction, Talen now owns 100% of Nautilus.

    “We are pleased to complete this strategic transaction,” said Cole Muller, Executive Vice President -Strategic Ventures. “The transaction allows Talen the ability to reset a legacy below-market power purchase agreement and provides us with increased flexibility as we explore strategic alternatives in order to maximize the value per megawatt for our Susquehanna nuclear generation facility.”

    Under the terms of the agreement, Talen has purchased TeraWulf’s 25% share in Nautilus and obtained full control of the legacy power purchase agreement, for total consideration of $85 million cash along with select physical assets used in the bitcoin mining operation.

    About Talen

    Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably, delivering the most value per megawatt produced and driving the energy transition. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

    Investor Relations:
    Ellen Liu
    Senior Director, Investor Relations
    InvestorRelations@talenenergy.com

    Media:
    Taryne Williams
    Director, Corporate Communications
    Taryne.Williams@talenenergy.com

    Forward-Looking Statements

    This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future2 events and conditions concerning, among other things capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.

    The MIL Network

  • MIL-OSI: PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Fourth Fiscal Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on Monday, November 25, 2024 after the close of the financial markets.

    The Company will also host a conference call at 9:00 a.m. (Eastern Time) on Tuesday November 26, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #3226260 or PennantPark Floating Rate Capital Ltd. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.

    ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $8.0 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions.  PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:

    Richard T. Allorto, Jr.
    PennantPark Floating Rate Capital Ltd.
    (212) 905-1000
    http://www.pennantpark.com 

    The MIL Network

  • MIL-OSI Asia-Pac: Commerce and Industry Minister Shri Piyush Goyal and US Secretary of Commerce Ms. Gina Raimondo co-chair India-U.S. CEO Forum

    Source: Government of India (2)

    Commerce and Industry Minister Shri Piyush Goyal and US Secretary of Commerce Ms. Gina Raimondo co-chair India-U.S. CEO Forum

    Forum stands as indispensable catalyst for economic cooperation between India and US; serves as key advisory body to India-US Commercial Dialogue

    Posted On: 03 OCT 2024 5:59PM by PIB Delhi

    The India-U.S. CEO Forum, chaired jointly by Union Minister of Commerce and Industry, Government of India, Shri Piyush Goyal, and US Secretary of Commerce, Ms. Gina Raimondo was held today in Washington D.C., USA.

    The India-U.S. CEO Forum convened as a platform to allow private sector members to develop and provide recommendations to the Indian and US governments that reflect the private sector’s views, concerns and suggestions about the creation of an environment in which the bilateral economic links are strengthened. The Forum works in tandem with, and provides inputs to, government-to-government U.S.-India Commercial Dialogue.

    The Forum is co-chaired from Private Sector by Mr. N. Chandrasekaran, Chairman, Tata Sons, and Mr. James Taiclet, President and Chief Executive Officer, Lockheed Martin. This is the third time the Forum has been convened since its reconstitution in November 2022 by the Governments of India and the USA and saw participation from 16 CEOs. Both governments appreciated the Forum’s progress on initiatives and its achievements over the past two years.

    The CEOs, under the seven working groups, presented priority areas to create stronger partnerships and boost growth across various critical areas such as Entrepreneurship and Promoting Small Businesses, Healthcare and Pharmaceuticals, Aerospace and Defence, ICT and Digital Infrastructure, Energy, Water and Environment, Infrastructure and Manufacturing, Financial Services, Trade and Investments, among others.

    Both sides deliberated on the progress made as of the last meeting of the Forum in March 2023, including the launching of innovation handshake and a knowledge sharing platform called NIHIT (Network for Innovation and Harnessing Investments and Trade).

    Government representatives and CEOs reaffirmed their commitment to strengthening commercial and trade ties, driving economic growth and innovation, and fostering a resilient bilateral partnership.

    Earlier during the day, Minister Goyal began his third day of the U.S. tour with the offering of a floral tribute at the Mahatma Gandhi Memorial across the Embassy of India in Washington D.C. in remembrance of his 155th birth anniversary.

    The Minister of Commerce and Industry met with the U.S. Secretary of Commerce Ms. Gina Raimondo over a luncheon meeting and discussed areas of mutual interests. They discussed the pathway for strengthening bilateral cooperation in critical minerals supply chains as recommended by the US-India CEO forum. They also discussed opportunities to increase US investments in India especially in some of the new industrial cities being planned in India.

    ***

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    (Release ID: 2061595) Visitor Counter : 73

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Department of Financial Services (DFS) aims to clean more than 30,000 sites during Special Campaign 4.0

    Source: Government of India

    Department of Financial Services (DFS) aims to clean more than 30,000 sites during Special Campaign 4.0

    DFS would also focus on specific activities that are relevant to financial service sector that enable operational effectiveness and customer satisfaction

    Posted On: 03 OCT 2024 8:49PM by PIB Delhi

    The Special Campaign 4.0 is being undertaken by the Department of Financial Services (DFS), Ministry of Finance, with full enthusiasm and true spirit. The campaign phase has been commenced from 2ndOctober 2024.  During the Preparatory Phase, Nodal Officers of this Department and of field organisations have been appointed.

    All organisations and sections of DFS have identified the pendency and have set a target under various suggestive parameters/activities of the campaign. DFS has also set a target to clean more than 30,000 sites across the country, as against 26,958 sites cleaned during the Special Campaign 3.0.

    The DFS would also focus on specific activities that are relevant to financial service sector viz. updating dormant accounts, renewal of locker agreements, claim settlements, pension grievances redressal and updating nomination in accounts etc. which enables operational effectiveness and customer satisfaction. DFS has also requested its organisations to utilise the opportunity by undertaking customer centric initiatives like installation of water dispensers, enhancement of sitting areas/lobby for senior citizens, construction of ramps for Divyangjans etc.

    ****

    NB/KMN

    (Release ID: 2061679) Visitor Counter : 7

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Department of Financial Services (DFS) concludes Swachhata Hi Seva-2024 campaign; plants more than two lakh saplings across the country

    Source: Government of India (2)

    Department of Financial Services (DFS) concludes Swachhata Hi Seva-2024 campaign; plants more than two lakh saplings across the country

    More than 25,000 events organised during the campaign, including Swachhata Pledge, Safai Mitra Suraksha Shivir, Plantation drive – Ek Ped Ma Ke Naam along with mass scale cleanliness drives

    Posted On: 03 OCT 2024 8:52PM by PIB Delhi

    The Department of Financial Services (DFS), Ministry of Finance, along with its organisations (PSBs, PSFIs, PSICs etc) participated in the Swachhata Hi Seva, 2024 campaign observed from 17thSeptember to 2nd October with the Theme of ‘Swabhav Swachhata – Sanskaar Swachhata’.  

    More than 25,000 events were organised during the campaign. All organisations took up Swachhata Pledge, Safai Mitra Suraksha Shivir, Plantation drive- Ek Ped Ma Ke Naam along with mass scale cleanliness drives. The activities were organised in full force with enthusiasm by involving staff members, customers and general public in almost all States & UTs of the country.

    More than two lakh saplings were planted as part of the SHS Campaign. Various Health camps, Walkathon, Human Chain, Mass Cleanliness Drive, Shramdaan etc were taken up on large scale covering almost all districts of the country. More than 3780, Cleanliness Target Units (CTUs) were transformed during SHS -2024.

     

     

         

     

    https://x.com/BankofIndia_IN/status/1840753625037209925

    https://x.com/UnitedIndiaInsu/status/1841124415805014073

    https://x.com/UnitedIndiaInsu/status/1841012817601970395

    https://x.com/bankofbaroda/status/1837367079206539643

    https://x.com/UCOBankOfficial/status/1841026249696702761

    https://x.com/IOBIndia/status/1841166393062146200

    https://x.com/centralbank_in/status/1841056308268605643

    https://x.com/centralbank_in/status/1840060758102593652

    https://x.com/LICIndiaForever/status/1838878539510133119

    https://x.com/aicofindia/status/1839628120199975264

    https://x.com/NABARDOnline/status/1840972902889636102

    https://x.com/sidbiofficial/status/1841096270183641526

    https://x.com/IOBIndia/status/1840782405495398784

    ****

    NB/KMN

    (Release ID: 2061685) Visitor Counter : 77

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Department of Labor investigators find Nebraska grain cooperative exposed workers to combustible dust, multiple hazards at Hemingford elevator

    Source: US Department of Labor

    HEMINGFORD, NE ‒ Federal investigators found life-threatening hazards at a Nebraska grain cooperative, where workers faced risks of fire and explosions due to the company allowing a buildup of combustible dust and failing to maintain effective dust collection systems, leading to more than $500,000 in proposed penalties. 

    Investigators with the U.S. Department of Labor’s Occupational Safety and Health Administration responded to a complaint of unsafe working conditions at Legacy Cooperative’s Hemingford grain elevator and opened its inspection in March 2024, under the agency’s regional emphasis program for grain-handling facilities in Nebraska. 

    Specifically, OSHA found the company permitted more than one-eighth inch of grain dust to accumulate in priority housekeeping areas, such as in the bottom belt tunnel and around the elevator legs. The agency also found duct tape wrapped around the dust collection system, located in the bottom belt tunnel, in a makeshift attempt to repair the dust collection system. This reduced the system’s efficiency and increased its vulnerability to failure. If left unchecked, grain dust can ignite in seconds and cause deadly fires and explosions. 

    “Grain dust fires and explosions are a well-known industry hazard, which makes Legacy Grain Cooperative’s failure to control dust where a belt’s friction could easily cause ignition inexcusable,” said OSHA Area Director Matthew Thurlby in Omaha, Nebraska. “Employers must develop company-wide safety procedures to mitigate known grain handling dangers and ensure workers are trained to recognize hazards.”

    OSHA cited Legacy Cooperative for two willful and 22 serious safety and health violations and proposed penalties totaling $536,965 for the following safety failures:

    • Not conducting regular inspections on equipment.
    • Failing to certify completion of preventive maintenance. 
    • Not complying with permit-confirmed space requirements, including developing procedures for entry operations that included hazard evaluations, atmospheric testing, rescue procedures, monitoring and training.
    • Exposing workers to fall hazards from unguarded stairway holes and a lack of handrails.
    • Failing to close electrical openings and improper use of flexible cords.
    • Not providing forklift training as required.
    • Failing to label containers of hazardous chemicals properly.

    Through its alliance program, OSHA has partnered with the Grain Handling Safety Coalition, Grain Elevator and Processing Society and National Grain and Feed Association to address hazards, reduce risks and improve safety and health management systems to help prevent life-altering injuries and fatalities and identify the critical steps for handling grain safely. 

    Established by the merger of Farmer’s Cooperative and Panhandle Cooperative in 2024, the Legacy Cooperative is based in Scottsbluff, Nebraska. Its Hemingford elevator was operated by Farmer’s Cooperative previously. 

    The company has 15 business days from receipt of the citations and penalties to comply, request an informal conference with OSHA’s area director, or contest the findings before the independent Occupational Safety and Health Review Commission

    Learn more about OSHA and industry-recognized safety rules for agricultural operations

    MIL OSI USA News

  • MIL-OSI Security: Ohio Man Agrees to Plead Guilty to Interstate Transportation of Stolen Andy Warhol Art Print

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

    LOS ANGELES – An Ohio man has agreed to plead guilty to a federal criminal charge for trafficking a stolen Andy Warhol print worth at least $175,000. 

    Image Source: Federal Plea Agreement

    Brian Alec Light, 58, of Hudson, Ohio (formerly a resident of downtown Los Angeles), is expected to plead guilty in the coming weeks to one count of interstate transportation of stolen goods. His initial appearance in federal court is scheduled for October 28.

    According to his plea agreement, a thief stole the Warhol print – a trial proof depicting former Soviet Union leader Vladimir Lenin and was print number 44 of 46 total Warhol made – from the victim’s home in Los Angeles County in early 2021. The victim informed law enforcement of its theft soon after, as well as the original gallery in West Hollywood that sold him the artwork. Days after the theft, the thief brought the artwork to a pawnshop, which purchased it. The pawnshop’s owner contacted Light for help selling the artwork, which Light knew was stolen. Light contacted an auction house to sell the print within weeks of its theft. Light told the pawnshop owner to drop off the Warhol at the auction house in Beverly Hills so that it could be transported to Dallas for inspection and sale, which the pawnshop owner did.

    The auction house shipped the Warhol artwork to Dallas where it was to be inspected and included in an upcoming auction in the spring of 2021. An employee of the auction house in Dallas reached out to the gallery in West Hollywood for its opinion of the piece. The gallery immediately recognized the piece as the stolen piece of art. As a result, the gallery notified the auction house of its stolen nature and notified the FBI. When the FBI questioned Light about it, he lied and created a fake receipt purporting to show that he bought the print before it was stolen. 

    Upon pleading guilty, Light will face a statutory maximum sentence of 10 years in federal prison. 

    As part of his plea agreement, Light will forfeit the stolen artwork retrieved by law enforcement.

    The FBI’s Art Crime Team is investigating this matter.

    Assistant United States Attorney Erik Silber, Senior Counsel in the Criminal Division and Assistant United States Attorneys Dominique Caamano and Matthew O’Brien, of the Environmental Crimes and Consumer Protection Section, are prosecuting this case.

    MIL Security OSI

  • MIL-OSI Security: Sixty-Eight Defendants Charged in Indictment of Dozens of Members and Associates of San Fernando Valley White Supremacist Gang

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

    LOS ANGELES – Federal and local law enforcement have arrested 42 members and associates of the SFV Peckerwoods, a San Fernando Valley-based white supremacist street gang, on a 76-count federal grand jury indictment alleging they engaged in a years-long pattern of racketeering activity that included trafficking of drugs – including fentanyl – illegal firearms possession, and COVID-19 benefits and loan fraud, the Justice Department announced today. 

    The indictment unsealed today charges a total of 68 defendants with a score of federal crimes: conspiracy to violate the Racketeer Influenced and Corrupt Organizations (RICO) Act, conspiracy to distribute controlled substances, distribution of controlled substances, bank fraud, conspiracy to commit bank fraud, aggravated identity theft, possession of a firearm in furtherance of a drug trafficking crime, unlawful possession of a firearm and ammunition by a felon, and possession of 15 or more unauthorized access devices.

    The 29 defendants arrested today are expected to be arraigned this afternoon in United States District Court in downtown Los Angeles. Prior to today’s takedown, 13 defendants were already in custody.

    During the investigation, law enforcement seized large quantities of illegal firearms, and dozens of pounds of fentanyl, methamphetamine, and heroin, according to the indictment. 

    “The Peckerwoods’ violent white-supremacist ideology and wide-ranging criminal activity pose a grave menace to our community,” said United States Attorney Martin Estrada. “By allegedly engaging in everything from drug-trafficking to firearms offenses to identity theft to COVID fraud, and through their alliance with a neo-Nazi prison gang, the Peckerwoods are a destructive force. In prosecuting the members of the Peckerwoods criminal organization, our office is carrying out its mission to protect the public from the most dangerous threats.”

    “The Justice Department has dealt a decisive blow to the San Fernando Valley (SFV) Peckerwoods, a violent white supremacist gang that we charge is responsible for trafficking deadly fentanyl and other drugs, committing robberies, and perpetrating financial fraud to fund both their criminal enterprise and that of the Aryan Brotherhood,” said Attorney General Merrick B. Garland. “With today’s charges and arrests, the Justice Department, together with our state, local, and federal partners has targeted the heart of this gang’s operations, and we will continue to zero in on the criminal enterprises that endanger our communities.”

    “This operation, led by our Joint Terrorism Task Force, disrupted a racially motivated violent extremist group who engaged in a wide range of criminal activity,” said Akil Davis, Assistant Director in Charge of the FBI Los Angeles Field Office. “This case strikes at the heart of our collective mission to rid our communities of the corrosive elements that fuel violence and extremism that greatly impact our way of life. The FBI, along with our federal, state, and local partners, remains strongly committed to working every day to make sure the people of the Southland remain safe.”

    “The San Fernando Valley Peckerwoods, the Aryan Brotherhood and their associates are fused by one thing: hatred,” Matthew Allen, Special Agent in Charge, DEA Los Angeles Field Division. “It appears, however, that the business of hate was not enough for them. Driven by greed, they engaged in other crimes, including drug distribution, pushing out deadly fentanyl onto our streets. Operating from corners of the San Fernando Valley, they conducted their crimes within and beyond the 8-1-8 community. Today’s large-scale indictments and arrests reflect our relentless commitment to dismantling criminal organizations that continue to harm our communities.”         

    According to the indictment that a grand jury returned on September 26, the Peckerwoods is a street gang based in communities in the San Fernando Valley whose members engage in a wide variety of criminal activity, including drug trafficking, violent crime, and fraud. As a white supremacist gang, the Peckerwoods at times takes orders from the Aryan Brotherhood, California’s dominant prison-based white supremacist gang, and maintains an alliance with the Mexican Mafia prison gang, which controls most Latino street gangs in California. The Peckerwoods use Nazi tattoos, graffiti, and iconography to indicate their violent white supremacy extremist ideology. These tattoos and iconography include swastikas, the symbol “88”, used by violent white supremacy extremists as code for “Heil Hitler,” and images of Nazi aircraft.

    Members and associates of the gang used social media to share information with each other about their criminal activities and gang rules, to identify gang members in good standing, and to target people who broke the gang’s rules. The social media use included a members-only Facebook group and private, direct messages between the gang’s members and associates. 

    From at least December 2016 to September 2024, Peckerwoods members conducted and participated in the affairs of their criminal enterprise by engaging in violence and threats of violence to preserve and expand the gang’s criminal operations, which promoted a climate of fear. Members and associates of the gang illegally maintained firearms and ammunition in furtherance of these aims.

    To generate revenue for the gang, its members trafficked narcotics, including fentanyl, heroin, and methamphetamine. Specifically, lead defendant Claire Patricia Haviland, 62, of Chatsworth, and co-defendants Brian Glenn Ekelund, 53, of Chatsworth, and Brianne Brewer, 38, of North Hollywood, maintained and oversaw drug stash houses where large quantities of fentanyl, heroin, methamphetamine, and other drugs were stored prior to distribution. Haviland and Ekelund allegedly mailed illegal drugs to customers and used applications such as Zelle and CashApp to receive money from drug buyers and send money to their drug sources.

    They also generated revenue via robberies and financial fraud and participated in identity theft schemes. For example, from at least March 2021 to July 2023, defendants Sean Craig Gluckman, 35, of Encino, Maria Anna James, 30, of Canyon Country, and others submitted false and fraudulent applications for the Paycheck Protection Program (PPP), which was designed to aid businesses harmed by the economic fallout from the COVID-19 pandemic. The defendants – posing as sole proprietors – signed fraudulent PPP loan applications on behalf of individuals incarcerated in California state prisons and collected a portion of the fraudulently obtained proceeds from co-conspirators as payment for their assistance.

    Gluckman in April 2021 submitted an application that falsely stated he was a self-employed “artist/writer” with a gross income of nearly $250,000. Later that month, he obtained a PPP loan in the amount of $20,833. In a separate scheme, Gluckman submitted fraudulent unemployment insurance (UI) applications in the names of other people to the California Employment Development Department (EDD) to fraudulently obtain jobless benefits.

    “The proliferation of gang related organized crime deteriorates the core of our society,” said Los Angeles Police Chief Dominic Choi. “Taking guns out of the hands of gang members and drugs from our streets is just one more step towards reducing this deterioration. Today is yet another example of how local, regional, and federal law enforcement, with a matched dedication, are working together to investigate, apprehend and prosecute criminals.”     

    “When criminal organizations cross jurisdictional lines, it makes conducting investigations and subsequent prosecutions much more difficult,” said Ventura County Sheriff Jim Fryhoff. “Having our federal law enforcement partners involvement in such cases greatly enhances our ability to protect not only the citizens of our county, but also those of our region of the state.”

    “The DOL-OIG will continue to allocate investigative resources to support our local, state, and federal law enforcement partners in the fight against organized crime, particularly when it involves matters within our jurisdiction,” said Quentin Heiden, Special Agent in Charge of the United States Department of Labor Office of Inspector General’s Western Region. “This investigation reinforces our commitment to protecting the integrity of the nation’s unemployment system.” 

    An indictment contains allegations that a defendant has committed a crime. Every defendant is presumed to be innocent until and unless proven guilty in court.

    If convicted, the defendants would face a statutory maximum sentence of life in federal prison.

    The FBI, the Drug Enforcement Administration, the Los Angeles Police Department, and the Ventura County Sheriff’s Office are investigating this matter. Other law enforcement agencies that assisted in today’s takedown are the Simi Valley Police Department; California Highway Patrol; the Glendale Police Department; the Burbank Police Department; the Redondo Beach Police Department; the Beverly Hills Police Department; the Los Angeles County Sheriff’s Department; the United States Marshals Service; the Bureau of Alcohol, Tobacco, Firearms and Explosives; the United States Department of Veterans Affairs Police; the United States Department of Labor; the Federal Bureau of Prisons; the Los Angeles County Probation Department; the Los Angeles County Department of Children and Family Services; the Pasadena Fire Department; United States Customs and Border Protection; and IRS Criminal Investigation.

    Assistant United States Attorneys Reema M. El-Amamy of the Terrorism and Export Crimes Section, Jeremiah M. Levine of the Violent and Organized Crime Section, and Alexander Su of the Asset Forfeiture and Recovery Section are prosecuting this case.

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the department’s response to the pandemic, please visit https://www.justice.gov/coronavirus

    On September 15, 2022, the Attorney General selected the U.S. Attorney’s Offices for the Central and Eastern Districts of California to jointly head one of three national COVID-19 Fraud Strike Force Teams. The Department of Justice established the Strike Force to enhance existing efforts to combat and prevent COVID-19 related financial fraud. The Strike Force combines law enforcement and prosecutorial resources and focuses on large-scale, multistate pandemic relief fraud perpetrated by criminal organizations and transnational actors, as well as those who committed multiple instances of pandemic relief fraud. The Strike Force uses prosecutor-led and data analyst-driven teams to identify and bring to justice those who stole pandemic relief funds. Additional information regarding the Strike Force may be found at https://www.justice.gov/opa/pr/justice-department-announces-covid-19-fraud-strike-force-teams

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at (866) 720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form

    MIL Security OSI

  • MIL-OSI Security: Beaumont Convenience Store Robbers Guilty of Killing Clerk with Firearm

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

    BEAUMONT, Texas – Two men who robbed a Beaumont convenience store and killed the clerk last December have pleaded guilty to federal firearms violations in the Eastern District of Texas, announced U.S. Attorney Damien M. Diggs.

    Larry Nathaniel Hagan, 27, of Houston, pleaded guilty to possessing and discharging a firearm in furtherance of a crime of violence resulting in death before U.S. District Judge Marcia Crone on October 2, 2024.  Keandre Marquis Robinson, 20, of Beaumont, pleaded guilty to the same offense before Judge Crone on October 1, 2024.  

    According to information presented in court, on December 29, 2023, Robinson and Hagan were wearing masks and brandishing semi-automatic pistols when they entered the Kris Food Mart located on Gulf Street in Beaumont.  Robinson quickly forced the clerk behind the counter and demanded cash while Hagan guarded the front door.  Seconds later, Robinson shot the clerk two times in the chest, killing him.  Robinson grabbed cigarettes from behind the counter and fled with Hagan.  No cash was taken.

    Later that night, the Beaumont Police Department posted images from the robbery to social media and a tip identified Robinson.  Police detained Robinson about three hours after the robbery as he was leaving his residence just a few blocks from the store.  Robinson later confessed to his role in the robbery and killing but would not identify Hagan.

    Detectives searched Robinson’s phone and discovered text messages with Hagan related to the robbery.  The texts began on December 28 at 10:15 a.m. and ended a few minutes after the robbery. During the conversation, Robinson and Hagan planned to rob the store to “[g]et some money.” In one text, Robinson told Hagan that he would “knock [the clerk’s] top” [to eliminate any] “lose [sic] ends…”.  The conversation ended on December 29 at 10:07 p.m. (approximately 4 minutes after the shooting).  In that text, Hagan told Robinson to “[s]tay in the house for some days”. 

    Robinson was indicted by a federal grand jury on February 7, 2024.  Hagan, who was at large until April 24, 2024, when he was arrested in New Orleans by the U.S. Marshals Service, was added to the indictment by the federal grand jury on May 1, 2024. 

    Robinson and Hagan each face up to life in federal prison at sentencing. The maximum statutory sentence prescribed by Congress is provided here for information purposes, as the sentencing will be determined by the court based on the advisory sentencing guidelines and other statutory factors.  A sentencing hearing will be scheduled after the completion of a presentence investigation by the U.S. Probation Office.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    This case was investigated by the Beaumont Police Department, the FBI, and the U.S. Marshals Service, and prosecuted by Assistant U.S. Attorney John B. Ross.

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    MIL Security OSI