Category: Fisheries

  • MIL-OSI USA: Senate Commerce Committee Advances Schatz Bipartisan Legislation Targeting Illegal Fishing To Help Expose Foreign, Intentionally Mislabeled Ahi

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    Legislation Now Moves To Full Senate For Consideration

    WASHINGTON – Today, the U.S. Senate Commerce, Science, and Transportation Committee approved the Illegal Red Snapper and Tuna Enforcement Act. The bipartisan bill, authored by U.S. Senator Brian Schatz (D-Hawai‘i), directs the National Institute of Standards and Technology (NIST) and the National Oceanic and Atmospheric Administration (NOAA) to develop a standard methodology for identifying the country of origin of red snapper and certain species of tuna imported into the United States. Senate Commerce Committee Chairman Ted Cruz (R-Texas) co-leads the bill.

    “Seafood that’s caught illegally or intentionally mislabeled rips off consumers and makes it harder for law-abiding U.S. fishermen to compete. Our bill will help fight against anyone who tries to pass off cheap foreign tuna for high-quality ahi from local Hawai‘i fishermen,” said Senator Schatz.

    “The Hawai‘i fishing and seafood industries support Senator Schatz and the Commerce Committee’s legislation to prevent IUU products from entering US seafood markets. US fisheries, including the Hawai‘i Longline fishery, are among the most regulated in the world and we appreciate Congress taking steps to protect domestic fishermen and our markets. Hawai‘i-landed tuna is known for its sustainability and quality and the ability to detect tuna origin to deter seafood fraud is important and we are very appreciative of this effort,” said Mike Goto, Director of the United Fishing Agency.

    Technology exists to chemically test and find the geographic origin of many foods, but not for tuna and red snapper. The legislation aims to develop a field test kit that can be used to accurately ascertain whether fish were caught in U.S. or foreign waters, thus allowing federal and state law enforcement officers to identify the origin of the fish and intercept illegally caught or falsely labelled red snapper and tuna before it enters the U.S. market.

    MIL OSI USA News

  • MIL-Evening Report: It’s official: Australia’s ocean surface was the hottest on record in 2024

    Source: The Conversation (Au and NZ) – By Moninya Roughan, Professor in Oceanography, UNSW Sydney

    Australia’s sea surface temperatures were the warmest on record last year, according to a snapshot of the nation’s climate which underscores the perilous state of the world’s oceans.

    The Bureau of Meteorology on Thursday released its annual climate statement for 2024 – the official record of temperature, rainfall, water resources, oceans, atmosphere and notable weather.

    Among its many alarming findings were that sea surface temperatures were hotter than ever around the continent last year: a whopping 0.89°C above average.

    Oceans cover more than 70% of Earth’s surface, and their warming is gravely concerning. It causes sea levels to rise, coral to bleach and Earth’s ice sheets to melt faster. Hotter oceans also makes weather on land more extreme and damages the marine life which underpins vital ocean ecosystems.

    What the snapshot showed

    Australia’s climate varies from year to year. That’s due to natural phenomena such as the El Niño and La Niña climate drivers, as well as human-induced climate change.

    The bureau confirmed 2024 was Australia’s second-warmest year since national records began in 1910. The national annual average temperature was 1.46°C warmer than the long-term average (1961–90). Heatwaves struck large parts of Australia early in the year, and from September to December.

    Average rainfall in Australia was 596 millimetres, 28% above the 30-year average, making last year the eighth-wettest since records began.

    And annual sea surface temperatures for the Australian region were the warmest on record. Global sea surface temperatures in 2024 were also the warmest on record.

    According to the bureau, Antarctic sea-ice extent was far below average, or close to record-lows, for much of the year but returned to average in December.

    What caused the hot oceans?

    It’s too early to officially attribute the ocean warming to climate change. But we do know greenhouse gas emissions are heating the Earth’s atmosphere, and oceans absorb 90% of this heat.

    So we can expect human-induced climate change played a big role in warming the oceans last year. But shorter-term forces are at play, too.

    The rare triple-dip La Niña Australia experienced from 2020 to 2023 brought cooler water from deep in the ocean up to the surface. It was like turning on the ocean’s air-conditioner.

    But that pattern ended and Australia entered an El Niño in September 2023. It lasted about seven months, when the oscillation between El Niño and La Niña entered a neutral phase.

    The absence of a La Niña meant cool water was no longer being churned up from the deep. Once that masking effect disappeared, the long-term warming trend of the oceans became apparent once more.

    Water can store a lot more heat than air. In fact, just the top few metres of the ocean store as much heat as Earth’s entire atmosphere. Oceans take a long time to heat up and a long time to cool.

    Heat at the ocean’s surface eventually gets pushed deeper into the water column and spreads across Earth’s surface in currents. The below chart shows how the world’s oceans have heated over the past 70 years.

    Changes in the world’s ocean heat content since 1955.
    NOAA/NCEI World Ocean Database

    Why should we care about ocean warming?

    Rapid warming of Earth’s oceans is setting off a raft of worrying changes.

    It can lead to less nutrients in surface waters, which in turn leads to fewer fish. Warmer water can also cause species to move elsewhere. This threatens the food security and livelihoods of millions of people around the world.

    Just last week, it was reported that tens of thousands of fish died off northwestern Australia due to a large and prolonged marine heatwave.

    Warm water causes coral bleaching, as experienced on the Great Barrier Reef in recent decades. It also makes oceans more acidic, reducing the amount of calcium carbonate available for organisms to build shells and skeletons.

    Warming oceans trigger sea level rise – both due to melt water from glaciers and ice sheets, and the fact seawater expands as it warms.

    Hotter oceans are also linked to weather extremes, such as more intense cyclones and heavier rainfall. It’s likely the high annual rainfall Australia experienced in 2024 was in part due to warmer ocean temperatures.

    What now?

    As long as humans keep burning fossil fuels and pumping greenhouse gases into the atmosphere, the oceans will keep warming.

    Unfortunately, the world is not doing a good job of shifting its emissions trajectory. As the bureau pointed out in its statement, concentrations of all major long-lived greenhouse gases in the atmosphere increased last year, including carbon dioxide and methane.

    Prolonged ocean warming is driving changes in weather patterns and more frequent and intense marine heatwaves. This threatens ecosystems and human livelihoods. To protect our oceans and our way of life, we must transition to clean energy sources and cut carbon emissions.

    At the same time, we must urgently expand ocean observing below the ocean’s surface, especially in under-studied regions, to establish crucial baseline data for measuring climate change impacts.

    The time to act is now: to reduce emissions, support ocean research and help safeguard the future of our blue planet.

    Moninya Roughan receives funding from the Australian Research Council.

    ref. It’s official: Australia’s ocean surface was the hottest on record in 2024 – https://theconversation.com/its-official-australias-ocean-surface-was-the-hottest-on-record-in-2024-249277

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Tuberville Thanks President Trump for Signing Executive Order Protecting Women’s Sports, Urges Senate to Bring Protection of Women and Girls in Sports Act to the Floor for a Vote

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville

    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) celebrated National Girls and Women in Sports Day by participating in several events and interviews to promote his bill, the Protection of Women and Girls in Sports Act. Sen. Tuberville reintroduced his hallmark Title IX legislation—which is cosponsored by 37 of his colleagues—in the Senate last month. Companion legislation passed the House on a bipartisan basis in January. 

    Sen. Tuberville also praised President Trump for his leadership in signing an Executive Order today to protect women’s sports and restore Title IX protections for women and girls everywhere. While Senator Tuberville is grateful for President Trump’s commonsense leadership, he insists Congress has to pass his bill to ensure Title IX protections are made permanent. Sen. Tuberville discussed this earlier this week on “The Megyn Kelly Show” when he said, “A lot of people don’t realize that an Executive Order […] only lasts as long as that president’s there. So, we got some work to do. […] As you said—we’ve got to get it to the floor. John Thune told me he’s going to get it to the floor. […] If it’s not going to pass, we’ll do it again, but we’ve got to get people on the record because this is something that’s very dear to the heart of all parents across the country—and it’s dead wrong.”

    When White House Press Secretary Karoline Leavitt was asked about this earlier today, she said, “It’s incredibly important that Congress immediately act on this priority. I think the President is really setting the tone—making this an immediate priority for this administration, just as he promised to do on the campaign trail.”

    Sen. Tuberville also commemorated National Girls and Women in Sports Day by reintroducing the Protection of Women in Olympic and Amateur Sports Act to prohibit any governing body recognized by the U.S. Olympic Committee (USOC) from allowing men to participate in any women’s Olympic athletic events.

    Tuberville Joins “The Faulkner Focus”

    Sen. Tuberville joined Harris Faulkner on “The Faulkner Focus” to discuss the latest with the Protection of Women and Girls in Sports Act, as well as his efforts to protect women’s Olympic sports.

    Read an excerpt from the interview below or watch here.

    FAULKNER: “This Executive Order that Trump is getting ready to put in play comes as today we recognize National Girls and Women in Sports Day. Also on this day, Senator, you are reintroducing that bill called the Protection of Women in Olympic and Amateur Sports Act. This is an effort to ensure that Trump’s protections are permanent. Tell us about it, Senator.”

    TUBERVILLE: “Exactly, and you know I started coaching 40 years ago—right when Title IX started. And, Harris, let me tell you something. This is the best thing that this place has ever done. It gave young girls and women a different opportunity to build on leadership and have a future. And, so, this past four years—gender has been under attack. Parents have been under attack. Education has been under attack, and it all goes back to trying to not define what a woman is, and they can’t even define that. They’re telling us right now that men can have babies. So, at the end of the day, I’m giving a speech on the floor today. Leader Thune has promised he’s gonna put this bill on the floor sooner or later. This is my third time that I’ve had this up for a vote. The Democrats don’t want anything to do with it, but I gotta feeling a lot of them are gonna change their mind. And then at three o’clock, President Trump’s going to sign the Executive Order. But as you said, if when he goes out of office, if we don’t get a Republican back in there, this will change back into the gender nonsense that these Democrats have been pushing for the last four years. We have to protect women and girls in sports. And we also have to protect women and girls in Olympic sports because we have the Olympics coming here soon. And if we don’t do that, we’re gonna see men boxing against women like we did this past summer.”

    Tuberville Speaks on Senate Floor

    Senator Tuberville also delivered a floor speech where he called out Democrats’ out-of-touch, woke ideology that says men can get pregnant and boys should compete in women’s sports.

    Read excerpts from the speech below or watch the full speech here.

    “I’m here to call for a vote on my legislation, S.9, the Protection of Women and Girls in Sports Act, that would save Title IX and save women’s sports. Today is National Girls and Women in Sports Day—that’s today. To celebrate, President Trump will sign an Executive Order this afternoon in the White House ending Democrats’ intentional destruction of Title IX and saving women’s sports.

    I’m very thankful for his leadership on this. President Trump’s Executive Order will make sure women’s sports are protected for at least the next four years. But unfortunately, Executive Orders can be reversed. Congress needs to act on this to make sure the next Democrat administration, whenever it is, can’t take the same steps to destroy Title IX that the Biden administration took. For the past four years, the Biden administration waged an all-out assault on gender. Since the beginning of time, people have agreed that sex is assigned at birth and determined by God. But under the Biden administration, you had people claiming that men can get pregnant. Here on this floor, I heard that. Pure insanity.

    But it didn’t stop there. They weren’t content to just erase gender norms that have been accepted for thousands and thousands of years. No. They wanted to allow transgender men to participate against women and girls in sports. This has been happening at schools all across the country. Young women have been forced to compete against men and even share locker rooms and showers. And on top of that, your taxpayer dollars are paying for this nonsense. Over the past several years under the Joe Biden administration, 900 women’s medals have gone to men. 900. That is absolutely wrong.

    This one is personal for me. My first coaching job was in women’s basketball—years ago. Title IX was just starting to be implemented when I took that first job. I saw firsthand the immediate difference it made. Before Title IX, at a lot of schools, college women’s athletics didn’t really exist. Back then, there were more than 10x as many male athletes in college as female athletes. After Title IX, that quickly changed. For the first time, the young women I coached had equal access to facilities, resources, and competition. I saw these hardworking young women go on to earn college scholarships, start careers, and become leaders of our country. I still keep in touch with many of these young women today, and I’m deeply proud of them.

    Looking back on it now, I wonder if they would have had the same opportunities without Title IX. Would they have had the same successes if they had had to compete against males 40 years ago? This really shouldn’t be controversial. It’s just common sense. A recent poll from the New York Times of all publications showed 79% of all Americans believe men should not compete in women’s sports. 79%.

    President Trump campaigned largely on this issue. If you remember, his campaign spent nearly $20 million dollars on TV ads about the importance of keeping men out of women’s sports. So, on November 5, 2024 the American people didn’t just elect President Trump. They also decisively rejected this ridiculous notion that men can get pregnant and boys should compete against women in sports. Ridiculous. And they definitely didn’t want their tax dollars funding schools that allow boys to share locker rooms with girls.

    My bill would prevent a school from receiving any federal funding if they let boys compete in women’s sports. It also defines gender [as] male and female for this purpose. I was glad to see President Trump sign an Executive Order defining gender during his first few days in office. The President also made it clear in the Executive Order that he wants Congress to take action on this as well because he understands it can go away with the sign [of] an ink pen. 

    That’s why today I’m also reintroducing a bill to prohibit men from competing in women’s Olympic sports because men competing against women at any level is dangerous. We are all deeply disturbed—all of us were deeply disturbed this past summer to see videos of boys and men boxing against women. You know, when I was growing up, we were taught never to hit a girl, but I guess that’s over now because of the Democrats. One study found out that males can punch up to 162% harder than females. Somebody is going to get killed or seriously injured if we don’t stop this absolute nonsense. It’s unsafe, it’s unfair, and it’s just plain wrong.

    The Protection of Women in Olympic and Amateur Sports Act will make sure men aren’t allowed to compete against women in any sport, but especially not in a violent sport like boxing. This bill will restore fairness for the American women who train their whole lives to represent our country on the world stage. Their entire lives, they train. I know we’re all looking forward to the United States hosting the Summer Olympics in 2028 in Los Angeles. I hope our bill [has] been passed and signed in law long before that so we can all enjoy some healthy, safe women-against-women or men-against-men competition during those Olympics.

    But this huge issue goes way beyond politics. I’ve heard from parents, student, teachers, and coaches all over the country about this. These are people who have personally seen the benefits of Title IX and are very concerned about Democrats’ attempts to take these opportunities away from women and girls.

    There are countless stories of girls who have benefited from Title IX in my state of Alabama.

    This includes athletes like Rachel Argent of Thorsby High School in Chilton County, Alabama. Rachel’s athletic ability and good grades drew the attention of college coaches across Alabama. […] Because of her talent and work ethic, Rachel received basketball scholarships to Faulkner State Community College in Bay Minette, Alabama. After [getting] her degree, she got a softball scholarship at Samford University. That scholarship […] put her on the right direction. […] She didn’t have to worry about landing a full-time job while she went to school and participated in sports. […]

    After college, Rachel returned to Thorsby High School as a teacher and a coach. She wanted to give back to the school what she had gotten from Title IX. She taught Health and Physical Education for grades kindergarten to twelve. She coached girls’ softball, basketball, track, and volleyball. She made an impact on hundreds of girls across our state of Alabama. It was all made possible again by Title IX.

    Rachel’s daughter, Addie, played softball, tennis, golf, and basketball at Chilton County High School. She got a gold scholarship to the University of Mobile where she graduated with a degree in Nursing. Her athletics scholarship was part of her getting a degree and becoming a nurse. There are countless other young women like Addie and Rachel across Alabama and every other state across the country. More than 50,000 young women in Alabama alone competed in high school sports this past year, 50,000. Every single one of them deserves the full benefit of fair competition. 

    And I’m grateful that every member of the Senate Republican leadership is a cosponsor of my Protection of Women and Girls in Sports Act. They’ve been very supportive. Leader Thune is a proud cosponsor of my bill, and I’m glad to have his support. Leader Thune is committed to scheduling a vote on this bill and putting every Democrat on the record on whether or not they support men competing in women’s sports. We brought this bill to the floor for a vote during the last Congress. Really, we brought it twice, and every single Democrat always voted against it. What does that tell you?

    Leader Thune has not rescheduled it for a vote yet this congress. Right now, we’ve obviously got a lot of things to do with [confirming] President Trump’s cabinet. Then we get started on the reconciliation process and getting the American economy jumpstarted again. We have a lot to accomplish in the first 100 days of the Trump administration, and I hope this bill is part of that 100 days.

    President Trump will sign an Executive Order again today banning men from competing in women’s sports. Let’s lock that commitment in. Let’s lock it in for young girls and women all across this country. Let’s bring this bill to the floor for a vote very soon so the Senate can send it to the President’s desk and make this permanent.

    To my Senate colleagues who are on the fence about this, I would ask—do you have daughters? Do you have granddaughters? Do you have nieces? Would you want them competing against men in sports? Would you feel comfortable with them sharing a locker room with a biological male?

    I’m excited to welcome my first granddaughter in a couple weeks, Rosie Grace. I would raise hell if she was forced to compete, dress, or use the same showers as men. And American taxpayers should not be forced to foot the bill for any schools that are allowing this to happen. The days of woke, swamp politicians running our government are over. Common sense has been restored to the White House, and Congress needs to get back to work and let President Trump work on this bill. 

    This isn’t about politics. This is about right and wrong. The American people have delivered a verdict. They want men out of women’s sports and women’s locker rooms.

    President Trump is 100% with us on this. The time to act is now. It’s time to restore Title IX protections and save women’s sports.”

    Tuberville Attends White House Executive Order Signing

    Sen. Tuberville went to the White House for President Trump’s signing of an Executive Order restoring Title IX protections for women and girls everywhere. During his speech, President Trump shouted out Sen. Tuberville for all of the work he has done to champion women’s sports in Congress and throughout his coaching career.

    The President also shouted out 3x Superbowl Champion Patrick Mahomes, whom Coach Tuberville recruited when he was at Texas Tech University.

    “And Tommy Tuberville [is here], a great coach,” said President Trump. “You know, his quarterback was named ‘Mahomes.’ He was a great college coach and I said ‘How good was he?’ and he said, ‘You don’t wanna know how good—he made me into a great coach.’”

    Tuberville Joins Kudlow from White House

    Following the Executive Order signing, Sen. Tuberville joined “Kudlow” on Fox Business live from Pebble Beach at the White House.

    Read excerpts from the interview below or watch here.

    KUDLOW: “No more biological men in women’s sports. Wow. Big signing today by President Trump. Joining us now to talk about it is Alabama Senator, Tommy Tuberville. Senator Tuberville, good to see you, sir. Tell us about the signing. Tell us what was in the signing, if you would.”

    TUBERVILLE: “Well, it’s been too long happening, Larry. It’s just unfortunate—for the last four years we’ve had to put up with this nonsense of biological boys and men participating in women’s sports. Not just in sports here, but also in the Olympics. It was a great day. Had a lot of people there [for the] Executive Order putting a stop to it, but we’ve gotta permanently do it. I’ve got a bill that’s the Protection of Women and Girls in Sports Act that we’ve got. Hopefully, we get it on the floor soon where we can make it permanent. There’s no reason in the world why men and boys should be able to participate in women’s [sports]. It’s just wrong, it’s dangerous. And, you know, it’s just a great day that we finally got this done.”

    KUDLOW: “Senator Tuberville, you mentioned the Olympics. So, good question—how will the Olympic Committee look at this resolution? Will they abide by it? Will they fight it? What do you anticipate, sir?”

    TUBERVILLE: “Well, you got to remember, Larry. This is gonna be in L.A. the next time they have it. President Trump mentioned that. The Olympic Committee, two years ago, decided to let each sport decide what they wanted to do and how they wanted to handle it. Unfortunately, boxing let men participate against the women and it was terrible—it really was. Somebody’s gonna get hurt. And so, hopefully, they come to their senses. President Trump will probably get involved in this—with the Olympic Committee, knowing him. And hopefully, we can get all men and boys banned from any kind of [women’s] sports in the Olympics. It’s just not fair.”

    KUDLOW: “You know, it’s so ironic to me, Senator, politically. For all these years, going back to, I’m gonna say, Gloria Steinem in the 1970s—over 50 years. The Democratic Party said it was the party to defend women. Okay? But in recent years, as you well know, with the trans movement and so forth and biological men now being allowed to play in women’s sports, etcetera, etcetera. All of a sudden, the Democrats are in favor of that and are wrecking women’s sports and treating women athletes, female athletes incredibly unjustly? I mean, how do you figure that? Do they see the stupidity of this whole story or not?”

    TUBERVILLE: “Yeah. They see it. They just won’t admit it. The problem they have, Larry, is they’ve lost the middle class. They have no support anymore. […] They’ve lost their base. They’re not going back. They’ve really gotten so far out there, Larry. You know, even the Democrats [think men shouldn’t compete in women’s sports]. A lot of Democrats voted for President Trump because of this one issue that the Democrats kept pushing.”

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP, and Aging Committees.

    MIL OSI USA News

  • MIL-OSI USA: Cantwell Votes NO On Advancing Trump’s Pick to Lead Commerce Department

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    02.05.25

    Cantwell Votes NO On Advancing Trump’s Pick to Lead Commerce Department

    Lutnick supports Trump’s tariffs & waffled on his commitment to allocate chips funding & preserve NOAA; In WA state, every 2 in 5 jobs are tied to trade

    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Finance Committee, voted against advancing Howard Lutnick, President Trump’s nominee to be Secretary of the Department of Commerce, to the full Senate for consideration.

    In a committee markup today, Sen. Cantwell expressed her concerns with Lutnick’s support for President Trump’s proposed tariffs. She also pointed to Lutnick’s failure to commit to fully allocating the funds approved by Congress under the Cantwell-led CHIPS & Science Act, as well as his waffling on whether he’d protect NOAA – including NOAA’s crucial missions and functions, and the workforce delivering those services to the American people.

    Sen. Cantwell had previously questioned Lutnick on these topics in a committee hearing last week – video of that hearing is HERE.

    ON TRADE & TARIFFS

    “Tariffs and trade wars are a major problem for my state, where two out of every five jobs are tied to trade-related industries,” Sen. Cantwell said in today’s committee meeting. “The Commerce [nominee] has said he’s advocating for the president’s policy [that] would cost my constituents $5 billion or more. We need a secretary that understands that these products and these issues need coalition building, not throwing down gauntlets that will lose jobs for my farmers.”

    Yesterday, Sen. Cantwell delivered a speech on the Senate floor calling for the United States to repudiate the trade philosophy of Trump — whose proposed 25% tariffs on goods from Canada and Mexico and 10% tariff on goods from China would spark a trade war, drive up costs for American consumers, harm domestic businesses across hundreds of industries, and compromise the United States’ global leadership in the free trade ecosystem. A video of that speech is HERE; a transcript is HERE.

    In Washington state, two out of every five jobs are tied to trade and related industries. In 2023, the state imported $19.9 billion of goods from Canada – primarily oil, gas, lumber, and electrical power — making our northern neighbors Washington state’s largest trade partner. Also in 2023, the state imported $1.7 billion in goods from Mexico, including motor vehicles, vehicle parts, and household appliances. More information about how President Trump’s proposed tariffs will impact businesses and consumers in the State of Washington is HERE.

    ON CHIPS & SCIENCE FUNDING

    “Over the last four years, there has been much investment in infrastructure [for] manufacturing that this committee has supported. Semiconductor expansion — $450 billion right here in the United States, thanks to the CHIPS & Science Act — and Mr. Lutnick, in various answers to various members of the committee, did not give a full commitment to making sure this money continues to go out the door,” Sen. Cantwell said in today’s committee meeting.

    Sen. Cantwell was the main architect and key negotiator of the CHIPS & Science Act. In her position as Commerce chair, she was instrumental in securing the science R&D funding authorizations in the 11th hour of negotiations. A key component of the legislation is the Regional Technology and Innovation Hubs (Tech Hubs) program that was authored by Sen. Cantwell to strengthen U.S. economic and national security with investments in regions across the country. Earlier this month, the American Aerospace Materials Manufacturing Center (AAMMC) in Spokane was awarded $48 million from the program to establish the first-of-its-kind testbed facility in the United States focused on developing advanced thermoplastic materials – new types of lightweight, heat-moldable, and recyclable materials that can replace metal in aircraft parts. The AAMMC will serve as the nation’s hub for creating and testing these innovative materials that are essential for more rapidly building fuel-efficient and environmentally friendly aircraft. 

    ON DISMANTLING NOAA

    “[NOAA] makes up more than 60% of the Commerce budget. When asked for the record if NOAA should be dismantled, as called for in [Project 2025], Mr. Lutnick would only say, if confirmed, he would figure it out. Given how central NOAA is for providing accurate weather forecasting, managing our fisheries, protecting our fishermen from Russian and Chinese illegal fishing, I was looking for a stronger commitment,” Sen. Cantwell said today.

    Project 2025 calls for NOAA to be “dismantled and many of its functions eliminated,” calling it part of the “climate change alarm industry.” NOAA provides critical services to the Nation including weather forecasts, extreme storm tracking and monitoring, tools to enable communities to adapt to sea level rise and climate change, supporting fisheries management, and conserving marine mammals and other protected species.

    Sen. Cantwell is a champion of NOAA and helped secure $3.3 billion in NOAA investments in the Inflation Reduction Act to help communities prepare for and adapt to climate change, boost science needed to understand changing weather and climate patterns, and invest in advanced computer technologies that are critical for extreme weather prediction and emergency response. Her Fire Ready Nation Act, bipartisan legislation to strengthen NOAA’s ability to help forecast, prevent, and fight wildfires, passed the Commerce committee unanimously today and now heads to the full Senate for consideration.

    Video of Sen. Cantwell’s remarks on her Lutnick vote is HERE; audio is HERE; and a transcript is HERE.

    MIL OSI USA News

  • MIL-OSI China: Chinese scientist awarded for excellence in clinical stroke

    Source: China State Council Information Office 2

    Chinese clinical scientist Wang Yongjun has been granted the William M. Feinberg Award for Excellence in Clinical Stroke at the 2025 International Stroke Conference (ISC) held in Los Angeles on Wednesday.
    The Feinberg Award, founded by the American Stroke Association, is named after the late William M. Feinberg, a prominent stroke clinician and researcher who contributed to a more comprehensive understanding to the causes of stroke.
    Wang, president of the Beijing Tiantan Hospital of the Capital Medical University, and president of the Chinese Stroke Association, is the first Asian scientist to receive this award, in recognition of his significant contributions to the investigation and management of clinical research in stroke.
    Addressing the conference, Wang said that over the past 30 years, his team of clinical scientists has produced 12 key pieces of evidence that have changed clinical guidelines and clinical practice. It has brought intravenous thrombolysis into the era of multiple agent options and opportunities of thrombolysis at late time windows.
    “It is very fortunate that our team has been a major force in providing evidence of intravenous thrombolytic therapy for ischemic stroke,” he said.
    “The story continues and our mission is not fully accomplished. Several clinical trials are still ongoing, including thrombolysis with Tenecteplase for minor ischemic strokes, basilar artery occlusion, and thrombolysis for ischemic stroke at very late time windows. We’re looking forward to the results of TRACE-4, TRACE-5 and TRACE-Beyond,” Wang said.
    “Professor Wang has been an inspiration not just to Asia, but to the entire stroke world for the seminal work that he has done both on the prevention side with stroke and with acute stroke. His trials have influenced practice the world over, and have been an inspiration for many of us stroke trialists on how to do large clinical trials,” Bijou Menon, professor of neurology at the University of Calgary, and ISC vice-chair, told Xinhua.
    Tudor G. Jovin, professor of neurology and neurological surgery at the Cooper Medical School of Rowan University, said that Dr. Wang’s exemplary career has had a profound impact on the field of vascular neurology, highlighted through his groundbreaking research, his accomplishments in organization of stroke care, and his commitment to teaching.
    “His highly impactful work has not been confined to only one area of stroke care but spans various domains including acute care, (intravenous and endovascular reperfusion) imaging, stroke prevention and organization of stroke care,” Jovin said.
    ISC is the world’s premier conference dedicated to the science of stroke and brain health. Eleven scientists were individually recognized for their exceptional achievements and contributions toward stroke care and research.
    The three-day conference, running from Wednesday to Friday, features a wide range of topics that cover the latest advances in stroke prevention, treatment, and rehabilitation, offering an opportunity to stay updated on cutting-edge research and advancements in the field of stroke for professionals around the world.
    About 4,000 professionals from worldwide participated in the annual conference.

    MIL OSI China News

  • MIL-Evening Report: What is callisthenics? And how does it compare to running or lifting weights?

    Source: The Conversation (Au and NZ) – By Mandy Hagstrom, Senior Lecturer, Exercise Physiology. School of Health Sciences, UNSW Sydney

    Sokirlov/Shutterstock

    Callisthenics is a type of training where you do bodyweight exercises to build strength. It’s versatile, low cost, and easy to start.

    Classic callisthenics moves include:

    • push ups
    • bodyweight squats
    • chin ups
    • burpees
    • lunges using only your bodyweight.

    Advanced callisthenics includes movements like muscle-ups (where you pull yourself above a bar) and flagpole holds (where you hold yourself perpendicular to a pole).

    In callisthenics, you often do a lot of repetitions (or “reps”) of these sorts of moves, which is what can make it a hybrid strength and cardio workout. In the gym, by contrast, many people take the approach of “lifting heavy” but doing fewer reps to build serious strength.

    Traditionally, callisthenics was more of a muscle sculpting, strength-based work out. It is reportedly based on techniques used by ancient Greek soldiers.

    The Oxford Dictionary says the term callisthenics – which is said to be based on the Greek word κάλλος or kállos (meaning beauty) and σθένος or sthenos (meaning strength) – first started showing up in popular discourse the early 1800s.

    Callisthenics is often associated with high intensity interval training (HIIT) routines, where jumping, skipping or burpees are combined with bodyweight strength-building exercises such as push ups and body weight squats (often for many reps).

    Callisthenics exercises draw on your natural movement; when children climb on monkey bars and jump between pieces of play equipment, they’re basically doing callisthenics.

    When children climb on monkey bars, they’re doing callisthenics exercises.
    wavebreakmedia/Shutterstock

    What are the benefits of callisthenics?

    It all depends on how you do callisthenics; what you put in will dictate what you get out.

    When exercise programs combine resistance training (such as lifting weights or doing bodyweight exercises) and aerobic exercise, the result is better health and a reduced likelihood of death from a variety of different causes.

    Callisthenics provide a low cost, time efficient way of exercising this way.

    With improvements in body composition, muscular strength, and posture, it’s easy to see why it’s become a popular way to train.

    Research has also shown callisthenics is better at reducing body fat and controlling blood sugar for people with diabetes when compared to pilates.

    Research has also shown doing callisthenics can reduce body fat and increase lean muscle mass in soccer players, although this research does not compare the benefits between different exercise program types.

    That means we don’t know if callisthenics is better than other traditional forms of exercise – just that it does more than nothing.

    Callisthenics provide a low cost, time efficient way of exercising.
    pedro7merino/Shutterstock

    What are the potential drawbacks?

    With callisthenics, it can be hard to progress past a certain point. If your goal is to get really big muscles, it may be hard to get there with callisthenics alone. It would likely be simpler for most people to gain muscle in a gym using traditional methods such as machine and free weights with a combination of various sets and reps.

    If you want to progress in the gym, you can increase your dumbbells by small increments, such as 1kg. In callisthenics, however, you may find the jump from one exercise to the next too big to achieve. You risk a plateau in your training without some challenging work-arounds.

    Another advantage of traditional strength training with bands, machines, or free weights is that it also increases flexibility and range of motion.

    However, 2023 research found “no significant range of motion improvement with resistance training using only body mass.” So, given its focus on bodyweight exercises, it seems unlikely callisthenics alone would significantly improve your flexibility and range of motion.

    Unfortunately, there is no long-term research examining the benefits of callisthenics in direct comparison to traditional aerobic training or resistance training.

    Is callisthenics for me?

    Well, that depends on your goal.

    If you want to get really strong, lift heavy.

    If you want to increase your muscle mass, try lifting near to the point of “failure”. That means lifting a weight to the point where you feel that you are close to fatigue, or close to the point that you may need to stop. The key here is that you don’t have to get to the point of failure to achieve muscle growth – but you do have to put in sufficient effort.

    If you want to get lean, focus first on nutrition, and then understand that either cardio, lifting or both can help.

    What if you’re time poor, or don’t have a gym membership? Well, callisthenics exercises offer some of the cardio benefits of a run, and some of the muscular benefits of a lifting session, all tied up in one neat package.

    It can be a great holiday workout at a local park or playground, on public outdoor exercise equipment, or even on the deck of a holiday rental.

    But, as with all exercise, there are potential benefits and limitations of callisthenics.

    Callisthenics has its place, but, for most, it’s likely best used as just one part of a well-rounded training routine.

    Mandy Hagstrom is affiliated with Sports Oracle, a company that delivers the IOC diploma in Strength and Conditioning.

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

    ref. What is callisthenics? And how does it compare to running or lifting weights? – https://theconversation.com/what-is-callisthenics-and-how-does-it-compare-to-running-or-lifting-weights-246326

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Senator Murray Highlights Trump’s Illegal Spending Freeze on Billions via Day One Executive Orders, Putting Economies and Jobs at Risk

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    ***VIDEO HERE*** 
    Trump Administration is still blocking hundreds of billions of dollars passed by Congress
    ICYMI: Murray Hold Press Call With WA State Orgs About Jobs at Risk Due to Funding Freeze
    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, is helping lead Senate Democrats in holding the Senate floor for a full 30 hours ahead of a final confirmation vote on Russell Vought to serve as Director of the Office of Management and Budget. Senator Murray delivered an hour-long floor speech and her remarks below touch specifically on how the Trump Administration is still blocking hundreds of billions of dollars of approved funding under Trump’s executive orders, and what sort of pain this illegal funding freeze could mean for Washington state and the country:
    On infrastructure:
    “All of these projects, and many more have been thrown into complete uncertainty because of President Trump’s Executive Orders. It is just completely unclear when, or if these projects are going to get the funds they are counting on and owed—from the bills Congress passed.
    “And that is not just causing chaos, it is not just causing delays, it is causing harm and alarm—because it could mean construction grinds to a halt, and workers lose jobs. It could mean the work will go un-started—or perhaps in some cases—unfinished.
    “Plus, it will mean increasing costs for cities, counties, states, and Tribes for those projects that somehow make it through this. And while there are many more infrastructure projects in my state I still haven’t even touched on, not to mention the other projects across the country. There are so many other projects, organizations, and people who are being harmed right now by President Trump’s reckless funding freeze. “
    On foreign assistance:
    “When people are starving, you cannot just feed them money—you need to have already made the investments to grow food. When democracies are in crisis, you can’t just cut them a check—you need to have helped them build strong institutions. When a deadly disease outbreak strikes—you are going to learn very quickly that an ounce of prevention is worth a pound of cure.”
    “Freezing foreign assistance is not putting America first—it is guaranteeing America comes in last. Because every funding gap we leave is an opportunity for our adversaries to step in, fill the gap, and play the hero while casting us as the villain.”
    […]
    “And let’s be clear—it is not just U.S. leadership on the line here. There are U.S. jobs at stake here. That reality is hitting home hard this week. Back in Washington state, there are some world class organizations that I know may have to lay people off this week—hundreds of people—all because of President Trump’s funding freeze.
    “International aid organizations may make a difference around the world—but they support American jobs too. People who have a paycheck and family. People who work incredibly hard—and who are incredibly proud of the work they do to make the world a better place and reaffirm U.S. global leadership…
    “But they are being sent packing—not because they’ve done anything wrong, not because this work isn’t important. But because President Trump and Elon Musk are listening to whacko conspiracists and ultra-isolationists—while ignoring the experts, ignoring the obvious realities, and again ignoring the law. We should all stand against this”
    The full text of Senator Murray’s remarks on the funding still being frozen by President Trump can be found below, and video can be found HERE.
    “And let me make one thing perfectly clear—even before this latest whirl of chaos, President Trump was already illegally blocking billions of dollars. And even after the OMB guidance was reversed, he is still holding back all of those funds through his illegal executive orders.
    “You don’t have to take it from me. You can take it directly from the White House Press Secretary, quote: ‘This is not a rescission of the federal funding freeze… The President’s [Executive Orders] on federal funding remain in full force and effect, and will be rigorously implemented’
    “So, now that was the chaos of last week, I want to talk about the chaos that remains—what we are still seeing this week, and what it means for folks back home, and across the country. Because there is still significant confusion, and the remaining freezes are still causing significant pain.
    “For example, I’ve heard from cities in my state, and from the Washington State Department of Transportation. Now, it is still hard to get a clear picture, given the chaotic roll out, roll back, and more. But they are telling me they are concerned about infrastructure projects all over my state that are already getting delayed now—and could get derailed entirely because President Trump is still illegally blocking funding we passed with his executive orders.
    “If this illegal freeze continues, people will lose jobs and communities will lose out on projects that have been in the works for years.
    “Trump is blocking money to repair electric chargers, to install heavy duty chargers for trucks, to make critical repairs to bridges in order to protect the safety of millions of drivers, and to install new chargers along major roads in my state like I-90, US-97, US-2, US-195, and US-395. Stopping these projects is just pointlessly hurting commuters and businesses, it is costing construction workers, it is killing jobs.
    “Trump is holding up road projects that make streets safer for pedestrians, bicyclists, and drivers, like a safer streets project in Richland, Washington, and critical safety barriers in Spokane—not to mention the Liberty Park Land Bridge in Spokane, which would reconnect communities, and provide more green space for families to enjoy.
    “Or funds for the city of Lakewood’s plans to revitalize its downtown and bring in more retail space, and restaurants, and health care services, and financial services, make upgrades to roads, and provide a new festival area, park areas, and more.
    “Trump’s freeze is also a concern for the Samish Indian Nation as it works to improve safety and access to their land at the Campbell Lake Road intersection—which has seen growing traffic in recent years—and for a project led by the Tulalip Tribe to improve the interchanges along I-5 exits. The congestion on these ramps can get so bad it backs up to the main highway!
    “We want to get these projects done, we want to get them done—and the last thing we need is uncertainty about these stalled funds.
    “There’s also a project underway to upgrade the technology at our border with Canada—replacing and improving the outdated wait time system to improve accuracy and help our inspection and transportation agencies. This will help travelers headed to Canada avoid long wait times at the border and help fans from around the world, by the way, who are travelling between Seattle and Vancouver for next year’s World Cup move quickly—but not if Trump’s executive orders stop all of this funding!
    “Same for the efforts to update our state-wide planning with a new electronic system that would make the process for planning, and specifications, and estimates more efficient.
    “And, of course, in Washington state—we can never forget about fish, which are crucial to our culture, and our economy, in many ways. Trump’s ongoing funding freeze is putting projects to improve fish habitats on ice—replacing the culvert at Thornton Creek, replacing the failing culvert at Wapato Creek, which is right underneath the Pierce County Terminal at the Port of Tacoma, or removing the fish barrier culverts at Johnson Creek which will open up nearly 3,000 meters of upstream habitat.
    “Not to mention other wildlife preservation work, like an undercrossing structure and wildlife barriers east of Winthrop. And work on our waterways. Funding from the Bipartisan Infrastructure Law is still not restored today for some projects on the Lower Columbia River, projects like stormwater infrastructure that will help keep toxins out of water and restore wetlands and protect the ecosystems.
    “Our ports, our ports—so critical for not only Washington state’s economy, but for the whole country—are caught up in this too. There are port projects now on hold across my state, including for electrical infrastructure and shore power for vessels. These impacts are being felt from Anacortes to Port Angeles to Vancouver. Frozen funding is hurting working families in Washington and across the country, and it is making our economy less competitive.
    “And, we cannot forget our ferries—which are so crucial to many commuters in my state. Washington state ferries are looking to improve their data with a better system for collecting, analyzing, and reporting wait times at all of our terminals. This would give them useful information to improve efficiency and make life better for the people they serve. Losing that funding means more people will miss ferries and long waits in line for Washington state commuters crossing the water to work, to school, to medical appointments.
    “We also have absolutely essential electric transmission and distribution projects that are on hold now and in jeopardy. These are projects that are necessary, helping reduce our wildfire risks, ensure grid reliability, improve resilience to natural disasters, and lower costs for ratepayers across my state of Washington.
    “And these are funded under the Bipartisan Infrastructure Law—that is a law that Republicans and Democrats worked together to pass–it’s a program that Republicans thought was important enough to provide $10.5 billion. After what we have seen in recent months and years, I don’t know how you can say with a straight face that modernizing our grid isn’t absolutely vital to the future of our country. You don’t have to listen to me—Secretary Burgum and Secretary Wright said as much in their confirmation hearings.
    “But this project—all of these projects, and many more have been thrown into complete uncertainty because of President Trump’s Executive Orders. It is completely unclear when, or if these projects are going to get the funds they were counting on and they were owed—from bills Congress passed and were signed into law.
    “And that is not just causing chaos, it is not just causing delays, it is causing harm and alarm—because it could mean construction grinds to a halt, and workers lose jobs. It means the work will go un-started—or perhaps in some cases—unfinished.
    “Plus, it will mean increasing costs for cities, counties, states, and Tribes for those projects that somehow make it through all of this. And while there are many more infrastructure projects in my state I still haven’t even touched on, not to mention the other projects across the country. There are so many other projects, and organizations, and people who are being harmed right now by President Trump’s reckless funding freeze.
    “I know there are medical researchers, still worried their work will be considered ‘woke’ when in reality, it is actually pretty darn important we understand the roots of health disparities—things like why the maternal death rate is so much higher for Black or Native American women.
    “Yet, researchers are being told that their research is at risk of being defunded if they are examining issues of ‘equity,’ or ‘barriers to care,’ or even if they are specifically studying ‘females.’
    “And, there are hospitals in my state, and across the country, worried that some of these programs—which are appropriately focused on someone’s gender or race—are in jeopardy.
    “For example, we know pulse oximeters are less accurate for people with darker skin tones—making sure these clinical measurements are accurate will save lives, and can have life and death consequences for patients. And we know women have much higher rates of autoimmune disorders than men—we need to take a look at why that is.
    “We also need to invest in training the next generation of scientists, including from diverse backgrounds. Studies show that diversity in the scientific workforce leads to greater innovation and productivity. But there is a serious concern that lifesaving work is going to get caught up in President Trump’s sweeping illegal executive orders.
    “Another impact of Trump’s actions? The National Park Service has rescinded all of its employment offers for summer seasonal staff. Now that doesn’t just mean people will be facing longer wait lines and dirtier bathrooms—though they will. It could mean park closures throughout this entire summer, and it will mean delayed responses to emergencies—making people less safe.
    “And outside our national parks, Trump is also freezing regional clean up efforts. Things like stopping illegal dumping and improving air quality in our communities.
    “And M. President, let’s talk about foreign assistance, because, for decades now—there has been widespread, bipartisan understanding that promoting stability abroad, promoting democracy, improving health, strengthening trade, and building partnerships is crucial to US leadership.
    “But Trump’s executive orders put all of that at risk by illegally freezing funds. I have heard from organizations that operate all over the world about how they were unable to deliver the life-saving aid that millions of people rely on due to these stop-work orders. That meant millions of doses of lifesaving drugs sat un-used on shelves. Time-sensitive prevention methods against diseases like malaria were not carried out, putting millions at risk. Training for more than 64,000 health care workers were put on hold. Hundreds of millions of metric tons of U.S.-grown commodities sitting—and at the risk of spoiling—in transport, instead of reaching their final destinations across the world to feed people in need.
    “And despite a so-called ‘waiver’ from the U.S. State Department to resume work, much of this life-saving aid is still today on hold. Without a start-work order, those organizations fear they are taking on significant risk in continuing operations. Put simply: this was already unacceptable.
    “And now, over the weekend—President Trump and Elon Musk have decided against all reason, against all evidence, and against the law, mind you, to completely dismantle USAID. And that is on top of the illegal funding freeze that has already been pushing U.S. businesses, nonprofits, and international aid groups to make tough choices, for truly pointless reasons.
    “It should be obvious that these cuts will hurt people across the world. These cuts will mean people starve. These cuts will mean people don’t get clean water. These cuts will mean more disease outbreaks with higher death counts. These cuts will mean less help for victims of violence, and higher death rates for pregnant women.
    “And anyone with an ounce of humanity can see this freeze will get devastating, fast. And—it is important to note—it will get devastating in ways you cannot just make up for with more money later once the damage is done. That is just not how it works.
    “When people are starving, you cannot just feed them money—you need to have already made the investments to grow food.
    “When democracies are in crisis, you can’t just cut them a check—you need to have helped them build strong institutions.
    “When a deadly disease outbreak strikes—you are going to learn very quickly that an ounce of prevention is worth a pound of cure.
    “These are not lessons we need to learn the hard way—by letting people die. We know it all, painfully well, right now. And so, to freeze this funding, is asking for disaster—and not just for other countries across the world, but for us, for the U.S. and for our families here at home.
    “Freezing foreign assistance is not putting America first—it is guaranteeing America comes in last.
    “Because every funding gap we leave is an opportunity for our adversaries to step in, fill that gap, and play the hero while casting us as the villain. How are we supposed to lead the world if we are unwilling to invest in it?
    “I will tell you right now—China is not holding back. They are investing constantly—because they know they aren’t just building infrastructure across the world, they are building stronger partnerships. And we just counted ourselves out of that competition.
    “You want to end U.S. global dominance? You want to tell the world the U.S. is done being a leader? You want to tell other countries—we cannot be trusted to keep our word?
    “Because that is exactly what we are doing if we let Trump get away with illegally cutting off global aid—with the stroke of a pen—and letting the richest man in the world cut off help for some of the poorest people in the world.
    “And let’s be clear—it is not just U.S. leadership on the line here. There are U.S. jobs at stake here. That reality is hitting home hard this week. Back in Washington state, there are some world class organizations that I know may have to lay people off this week—hundreds of people—all because of President Trump’s funding freeze.
    “It is a scene that is not isolated to Washington state—I know it is playing out across the country as well, with thousands of layoffs across 38 states and counting. And I know, so long as President Trump’s lawless war on foreign aid continues—so will these layoffs. We will see hundreds, if not thousands more every week.
    “International aid organizations may make a difference around the world—but they support American jobs, too. People who have a paycheck and family. People who work incredibly hard—and who are incredibly proud of the work they do to make the world a better place and reaffirm U.S. global leadership.
    “But they are being sent packing—not because they have done anything wrong, not because this work is not important. But because President Trump and Elon Musk are listening to whacko conspiracists and ultra isolationists—while ignoring the experts, ignoring the obvious realities, and again ignoring the law. We should all stand against this.”

    MIL OSI USA News

  • MIL-OSI USA: Grassley Speaks Up for Family Famers’ Needs During Senate Hearing on Ag Economy

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Sen. Chuck Grassley (R-Iowa), a lifelong family farmer, today discussed the need to secure year-round, nationwide E-15 and boost transparency among poultry producers during a Senate Agriculture Committee hearing on the state of the ag economy. Grassley also highlighted farmers’ ongoing struggle with high input costs and low commodity prices, which were exacerbated by the Biden administration’s overregulation and unambitious approach to trade.

    Video and excerpts of Grassley’s questions for Zippy Duvall, President of the American Farm Bureau Federation, and Rob Larew, President of the National Farmers Union, follow.

    [embedded content]

    VIDEO 

    E-15 Year-Round, Nationwide:

    “I hope you can work hard for E-15 year-round, nationwide, because that’s going to help commodity prices more than a lot of other things we can do here.” 

    Packers and Stockyards Transparency Initiatives:

    “I understand this hearing is focused mostly on crop commodities, but I’d like to take this opportunity to ask both of you about the Poultry Grower Payment System and Capital Improvement Systems rule that was finalized under Secretary Vilsack. 

    “This rule is meant to provide more transparency for poultry producers under the tournament system and give farmers a fair shake in contracts. 

    “Mr. Duvall, can you speak to how this rule may positively effect producers’ bottom lines? 

    “Mr. Larew, can you speak to how changing or removing pieces of this rule may negatively impact poultry producers? 

    Farm Profitability and New Markets:

    “Over the last four years, American crop farmers had a year or two of record high net cash farm income. 

    “Unfortunately, American farmers have also had to face years of record high inflation under an administration that was largely deaf to farmers’ needs. 

    “In 2023 and 2024, net cash farm income dropped dramatically. In other words, row crop farmers were losing money. 

    “The stagnant trade policies, lack of ambition to find new markets for commodities and overregulation of the Biden administration caught up to farmers. 

    “Many family farmers in Iowa have faced machinery and land payments with high interest rates farmers haven’t seen in decades, while dealing with a steep downturn in commodity prices. 

    “…[T]his trend will continue until new markets are created for agriculture products.” 

    -30-

    MIL OSI USA News

  • MIL-OSI Australia: Allens’ trusted expertise recognised in 2024 banking and finance rankings

    Source: Allens Insights

    Allens secured top rankings in the 2024 syndicated loans and project finance league tables, reflecting a strong year of activity driven by complex cross-border financings, infrastructure investment, and evolving lender dynamics.

    The firm maintained its market-leading position in syndicated loans, with standout rankings across multiple league tables:

    Bloomberg

    • First in APAC (ex Japan) – borrower lead counsel by deal count
    • First in APAC (ex Japan) – lender lead legal adviser by value
    • Second in APAC (ex Japan) – borrower legal adviser by value

    Debtwire

    • First in APAC (ex Japan) – lead bank legal counsel
    • First in Australia – lead bank legal counsel
    • Second in APAC (ex Japan) – borrower legal counsel
    • Second in Australia – borrower legal counsel

    Infralogic

    • First in APAC – project finance legal adviser by value and deal count
    • First in Australia and New Zealand – project finance legal adviser by value and deal count

    LSEG (formally Refinitiv)

    • Second in APAC (inc Japan) – borrower legal adviser by value and deal count
    • Second in Australia – borrower legal adviser by value and deal count

    ‘These results reflect the trust our clients place in us to advise on their most strategic and high-value financings. We are fortunate to work with market-leading lenders, sponsors, and borrowers across the region, supporting them on complex transactions that drive investment and growth,’ said Partner and Head of Banking & Finance Tim Stewart.

    ‘The market remains highly active, particularly in project finance and structured lending, and we expect this momentum to continue into 2025 as borrowers and lenders adapt to evolving regulatory and economic conditions.’

    Highlights in 2024 included advising:

    MIL OSI News

  • MIL-OSI USA: Scott Applauds Scott Turner’s Confirmation as Secretary of Housing and Urban Development

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott

    Senator Scott: “As HUD Secretary, Scott will make himself known. He will create access to quality, affordability housing…he will work to reverse decades of failed housing policies and make targeted reforms across all segments of the U.S. housing market.” 

    WASHINGTON — Today, the Senate voted to confirm Scott Turner as President Trump’s Secretary of Housing and Urban Development (HUD) by a vote of 55-44. Following the vote, U.S. Senator Tim Scott (R-S.C.), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, spoke on the Senate floor to highlight Secretary Turner’s life story, qualifications to lead HUD, and their share goal of addressing the housing crisis and increasing access to quality, affordable housing opportunities for Americans across the country. 

    During Secretary Turner’s hearing before the Senate Banking Committee, Senator Scott highlighted Mr. Turner’s record and leadership directing investments in Opportunity Zones, Senator Scott’s initiative under the Tax Cuts and Jobs Act to increase development in economically distressed communities. Senator Scott noted he looks forward to working with Secretary Turner to cut bureaucratic red tape, advance commonsense housing solutions, and put more Americans on the path to homeownership.

    Click here to watch Senator Scott’s remarks.

    Senator Scott’s full remarks as delivered: 

    Thank you, Mr. President.

    The Department of Housing and Urban Development’s mission is to create strong, sustainable communities and support affordable homes.

    Yet, under President Biden and his administration, the department failed to serve our nation’s most vulnerable.

    Here is the truth: we are facing a homelessness crisis in America.

    The latest homelessness survey found an 18 percent increase in homelessness year-over-year, increasing the number of homelessness in our country to nearly 772,000 Americans not able to find a place to lay their head.

    This is unacceptable!

    On top of that, we are facing an affordability crisis in our country as well.

    During President Biden’s tenure, mortgage rates ballooned 150 percent, and rents 20 percent.

    Over the last four years, far-left housing policies and burdensome regulations have put the American Dream out of reach for millions and millions of hardworking, dedicated patriots throughout our nation.

    It’s no secret that HUD is in serious need of new leadership.

    Fortunately, there is good news: help is right over there. And it’s on its way.

    My good friend Scott Turner has a remarkable life story – tremendous life story.

    Scott is a native Texan who has had an exceptional journey from professional athlete to public servant.

    Scott came from humble beginnings, but he never let those circumstances define who he is. Actually, Scott in high school – I believe it was – worked at a barbecue shop. What I love about Scott is he has an affection for the truth – he told me himself – he conceded that South Carolina barbecue is better than Texas. I’m glad he has no microphone to say anything right now I’m just you that is a man I can appreciate.

    He went on and had a successful career in the NFL, nine seasons as a cornerback, playing for the Denver Broncos, the San Diego Chargers, and yes, the Washington Redskins. And I note that he did not play for America’s team, the Dallas Cowboys.

    Everybody, nobody, can be perfect.

    After hanging up his cleats, Scott served two terms in the Texas State Legislature and then went to work in the Trump administration.

    As the Executive Director of the White House Opportunity and Revitalization Council, Scott helped implement the Opportunity Zones initiative I that created, directing over $50 billion in private sector capital into hard-hit, typically majority minority communities – breathing hope and opportunity not only into the neighborhoods of the people desperately, passionately praying for hope. And with less than a 5 percent gentrification rate. That’s what I call success.

    His story and his perspective are essential tools that he will bring to the table to fight the increase of homelessness, to fight the 150 percent ballooning of our mortgages, and to fight back against a 20 percent increase in rents.

    As HUD Secretary, Scott will make himself known. He will create access to quality, affordability housing…he will work to reverse decades of failed housing policies and make targeted reforms across all segments of the U.S. housing market.

    It’s time to make America’s economy work working class Americans.

    It is time for a blue-collar comeback. And I’m so thankful that we have a man prepared to put in 24 hours a day, seven days a week, if necessary, so more people – not 772,000 Americans but more Americans will have a place to lay their head because they’re no longer homeless. More Americans will be able to afford a home because interest rates will come down, the housing supply will increase, and we will thank God Almighty that we live in a land where opportunity is more available because the right person, at the right time, in the right place, says yes.

    Mr. President, I’m very thankful that Scott Turner is the Secretary of Housing and Urban Development. But I’m more thankful that we have a president making good decisions to put America back on the right track.

    I yield back the balance of my time.

    MIL OSI USA News

  • MIL-OSI USA: Sen. Scott Shines Light on Debanking of Americans, Pledges Solutions

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott

    WASHINGTON — At today’s Senate Banking Committee hearing focused on debanking, Senator Tim Scott (R-S.C.) highlighted the importance of access to financial services, citing his own story of obtaining a loan to start his small business. Senator Scott called out the Biden administration’s financial regulators who exploited their power and pressured financial institutions to cut off services to individuals and businesses. Senator Scott pledged that the committee will work to find solutions to address this issue, and he reiterated that no regulator, and no bank, is above the principles of fairness and market access.

    Senator Scott’s opening remarks as delivered:  

    Good morning and thank you all for being with us today.

    We’re here to address an issue that strikes at the core of what it means to live in a free and fair society: access to financial services. 

    Every federally legal business and law-abiding citizen deserves to be treated equally, regardless of political views or ideological leanings.  

    This is an issue that is deeply personal to me.

    When my grandfather was growing up in the Jim Crow South, banks did business with people they felt looked the right way – based on the color of their skin. 

    One’s ability to get a loan to finance their home or state a business was based primarily on the color of their skin. And in the 1940s, my mother experienced the same redlining that has been persistent, pervasive, and unfortunate for decades.

    Thankfully, our nation continues to evolve in the right direction.

    And in the 1990s, when I was starting my small business, I went to a bank and looked for an opportunity to get a loan. I’ll say, without any question, at that time as a kid growing up in poverty in a single parent household my best asset – Mr. Ricketts – was a 1990, ten-year old car with 253,000 miles. One would not consider that an asset, perhaps a liability, but it was my only means of transportation. And I will tell you, without a doubt, for me, it was an asset.

    The bank, however, helped me completely understand it was not. However, in those days someone could get a character loan, because of your time in a community, because of your relationships with local and community banks. Because of that, not only was my financial life changed, not only did my American Dream become a reality, but more importantly, my mother’s American Dream became a reality.

    We saw the strengthening confidence in our banking system, because things had changed in the right direction.

    With that loan everything seemed to get better.

    Had I not gotten that line of credit, I may not be here chairing this committee today.

    You see my story is so consistent with so many other Americans story that really reflects positively on the American Dream.

    In this country, access to credit is one of the cornerstones of building your American Dream.

    Owning a home and starting a business are challenging journeys filled with complexities, and achieving success is never a guarantee, nor should it be. 

    That’s why access to financial services is so important.

    The United States is home to a vast competitive network of banks and payment providers, creating one of the most robust and diverse financial services ecosystems on the planet. 

    It is this incredible landscape that offers countless opportunities for homeowners and entrepreneurs to build a healthy foundation and make strides toward achieving their version of the American Dream. 

    However, it is incredibly alarming and disheartening to hear stories about financial institutions cutting off services to digital asset firms, political figures, and conservative-aligned businesses and individuals.

    Under the Biden administration, we’ve seen the rise of what many are calling Operation Chokepoint 2.0, where federal regulators exploited their power, pressuring banks to cut off services to individuals and businesses with conservative disposition, or folks aligned with industries they just didn’t like – like the color of one’s skin in my family’s history.

    I wholeheartedly believe that debanking someone over their political ideology is un-American and goes against the core values that our nation was founded on. 

    Today, we’ll have an opportunity to hear from Anchorage Digital’s CEO, whose OCC-chartered bank was debanked, Old Glory Bank’s CEO, who started a bank to serve those who had been debanked, and from a legal expert with extensive experience navigating these regulatory abuses, and from a policy expert at the Brookings Institution. 

    This hearing will also examine how practices similar to the original Operation Chokepoint have persisted, despite assurances that they would end. 

    We’ll investigate the role both regulators and financial institutions have played in these harmful practices, which hurt not just businesses but also consumers and our entire economy.

    This issue should concern every American, regardless of political affiliation and that’s why I am committed a bipartisan solution to stop this form of discrimination. 

    This hearing is just the beginning.

    We are here to shine a bright light on these unacceptable practices and to hold those responsible accountable. The message is crystal clear: no regulator, and no bank, is above the principles of fairness and market access. 

    Speaking of shining a light, I was so glad to see that just a couple of hours ago, the FDIC under President Trump’s leadership released a fresh set of never-before-seen supervisory documents, which further prove that Chokepoint 2.0 was real.

    I will be going through the documents in greater detail, but rest assured for those in this room, and those watching at home, they paint a disgusting and disheartening picture of abuse. 

    As Acting Chair Hill characterized them, “these and other actions sent the message to banks that it would be extraordinarily difficult—if not impossible—to move forward [with crypto related activities].” 

    I commend the new FDIC leadership for its commitment to transparency, but it is a shame that it took an election – an election – for the agency to begin following the laws of our country.

    Thank you. I look forward to hearing from our witnesses and working with colleagues on both sides of the aisle to stop debanking and protect every American’s right to participate fully in the economy.

    MIL OSI USA News

  • MIL-OSI Security: 5 Arrested in Law Enforcement Operation Targeting Fraudulent Withdrawal of Benefits Designated for Low-Income Families

    Source: Office of United States Attorneys

    LOS ANGELES – A multi-agency law enforcement operation has resulted in the arrest of five illegal aliens who allegedly used information from “skimmed” electronic benefit transfer (EBT) cards to “clone” counterfeit cards and steal funds that had been disbursed to low-income individuals by the State of California, the Justice Department announced today.

    Three of the defendants have been ordered detained without bond, and two of the five defendants arrested on Sunday are expected to make their initial appearances in United States District Court today.

    During the operation on Sunday, approximately 70 law enforcement officers began monitoring ATM locations across the Los Angeles area to identify individuals who were making multiple cash withdrawals with cards encoded with information that had been stolen from cards used by the California Department of Social Services (DSS) to provide CalFresh and CalWORKs benefits to qualified recipients.

    Authorities made arrests after determining that the suspects making withdrawals at the ATMs were not entitled to access funds that had been deposited into accounts belonging to legitimate EBT beneficiaries.

    “These defendants who are illegally in the United States targeted and stole from some of the poorest members of our community,” said Acting United States Attorney Joseph T. McNally. “This fraudulent activity has contributed to significant financial losses, undermining an essential lifeline for struggling families. The U.S. Attorney’s office, in close collaboration with our law enforcement counterparts, will continue to root out this criminal conduct and protect our most vulnerable citizens from further exploitation.”

    “This successful operation targeted transnational criminal organizations that have been stealing from our less fortunate neighbors and the taxpayers,” said HSI Los Angeles Acting Special Agent in Charge John Pasciucco. “HSI Los Angeles and our partners will work day and night to ensure that this help continues to be available to those who need it most, and not in the pockets of greedy criminals.”

    Late Monday, federal prosecutors filed three criminal complaints charging the five defendants with the use of unauthorized access devices (the cards with stolen EBT account numbers and PINs used to make the cash withdrawals). The defendants arrested Sunday allegedly made unauthorized withdrawals, obtaining as much as $25,480. The defendants named across three criminal complaints are:

    • Marcel Musat, 53, of Romania, who is charged with one count of use of unauthorized access devices and allegedly had approximately 45 cloned cards on his person when he was arrested. Musat admitted to investigators he had overstayed his visa and therefore is illegally in the United States. At a hearing Tuesday afternoon, Musat was ordered held without bond. He is scheduled to be arraigned on March 11.
    • Ionut Calciu, 31, of Romania, who is charged with one count of use of unauthorized access devices and allegedly possessed 10 counterfeit EBT cards when he was arrested. According to court documents, Calciu previously was convicted of aggravated robbery in Romania. Calciu, who is an illegal alien, is scheduled to appear in court today.
    • Florian Serban, 51, of Romania, who is charged with one count of use of unauthorized access devices and he allegedly possessed 58 re-encoded California EBT cards. Serban is due to appear in court today.
    • Wesley David Adrian Dimoua-Moua, 36, of France, who is charged with one count of use of unauthorized devices and allegedly had 11 counterfeit EBT cards when he was arrested. Dimoua-Moua is a visa overstay illegally present in the United States. At a hearing Tuesday afternoon, Dimoua-Moua was ordered held without bond. He is scheduled to be arraigned on February 24.
    • Hichem Mohamed El Mabrouk, 35, of France, who is charged with one count of use of unauthorized access devices and allegedly was in possession of 37 re-encoded California EBT cards when he was arrested. At a hearing Tuesday afternoon, El Mabrouk was ordered held without bond. He is scheduled to be arraigned on March 11.

    DSS detected more than $126.8 million stolen from victim EBT cards in 2024, according to court documents. This fraud has targeted CalWORKs and CalFresh (previously known as “food stamps”), both of which are intended to help low-income beneficiaries purchase food and provide for basic needs.

    The investigation has revealed that the fraudulent withdrawal of these benefits is done with “cloned” cards, which are debit cards, gift cards or other devices with magnetic strips that have been encoded with information from legitimate EBT cards. Court documents allege that at least some of those involved in the fraudulent withdrawals also possessed “skimming” devices that could be used to record personal identification information from victims.

    Criminal complaints and indictments contain allegations that a defendant has committed a crime. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.

    Homeland Security Investigation’s El Camino Real Task Force, which includes special agents with HSI and the United States Secret Service, as well as officers with the Los Angeles Police Department, is conducting the investigations in this matter.

    A number of law enforcement agencies provided significant support during Sunday’s operation, including the California Department of Social Services, the United States Marshals Service, the Los Angeles County District Attorney’s Office, the Los Angeles County Sheriff’s Department, the Hermosa Beach Police Department, the Baldwin Park Police Department, the Culver City Police Department, the El Monte Police Department, the Inglewood Police Department, the Orange County District Attorney’s Office, and the U.S. Department of Agriculture – Office of Inspector General.

    Assistant United States Attorneys Diane Roldán, Alexander H. Tran and Sophia Carrillo of the General Crimes Section are prosecuting these cases.

    MIL Security OSI

  • MIL-OSI: Weatherford Announces Fourth Quarter and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    • Fourth quarter revenue of $1,341 million decreased 5% sequentially and 2% year-over-year; full year revenue of $5,513 million increased 7% from prior year, driven by international revenue growth of 10%
    • Fourth quarter operating income of $198 million decreased 19% sequentially and 8% year-over-year; full year operating income of $938 million increased 14% from prior year
    • Fourth quarter net income of $112 million, an 8.4% margin, decreased 29% sequentially and 20% year-over-year; full year net income of $506 million, a 9.2% margin, increased by 21% from prior year
    • Fourth quarter adjusted EBITDA* of $326 million, a 24.3% margin, decreased 8%, or 88 basis points, sequentially and increased 2%, or 74 basis points, year-over-year; full year adjusted EBITDA* of $1,382 million, a 25.1% margin, increased 17%, or 197 basis points, from prior year
    • Fourth quarter cash provided by operating activities of $249 million and adjusted free cash flow* of $162 million; full year cash provided by operating activities of $792 million and adjusted free cash flow* of $524 million
    • Shareholder return of $67 million for the quarter, which included dividend payments of $18 million and share repurchases of $49 million
    • Board approved quarterly cash dividend of $0.25 per share, payable on March 19, 2025, to shareholders of record as of February 21, 2025

    *Non-GAAP – refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

    HOUSTON, Feb. 05, 2025 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the fourth quarter of 2024 and full year 2024.

    Revenues for the fourth quarter of 2024 were $1,341 million, a decrease of 5% sequentially and 2% year-over-year. Operating income was $198 million in the fourth quarter of 2024, compared to $243 million in the third quarter of 2024 and $216 million in the fourth quarter of 2023. Net income in the fourth quarter of 2024 was $112 million, with an 8.4% margin, a decrease of 29%, or 279 basis points, sequentially, and a decrease of 20%, or 193 basis points, year-over-year. Adjusted EBITDA* was $326 million, a 24.3% margin, a decrease of 8%, or 88 basis points, sequentially, and an increase of 2%, or 74 basis points, year-over-year. Basic income per share in the fourth quarter of 2024 was $1.54 compared to $2.14 in the third quarter of 2024 and $1.94 in the fourth quarter of 2023. Diluted income per share in the fourth quarter of 2024 was $1.50 compared to $2.06 in the third quarter of 2024 and $1.90 in the fourth quarter of 2023.

    Fourth quarter 2024 cash flows provided by operating activities were $249 million, compared to $262 million in the third quarter of 2024, and $375 million in the fourth quarter of 2023. Adjusted free cash flow* was $162 million, a decrease of $22 million sequentially, and $153 million year-over-year. Capital expenditures were $100 million in the fourth quarter of 2024, compared to $78 million in the third quarter of 2024, and $67 million in the fourth quarter of 2023.

    Revenue for the full year 2024 was $5,513 million, compared to revenues of $5,135 million in 2023. Operating income for the full year was $938 million, compared to $820 million in 2023. The Company’s full year 2024 net income was $506 million, compared to $417 million in 2023. Full year cash flows provided by operations were $792 million, compared to $832 million in 2023. Adjusted free cash flow* for the full year was $524 million compared to $651 million in 2023. Capital expenditures for the full year 2024 were $299 million, compared to $209 million in 2023.

    Girish Saligram, President and Chief Executive Officer, commented, “The fourth quarter witnessed a significant drop in activity levels in Latin America and a more cautious tone in a few key geographies. Despite a challenging environment in the fourth quarter, the overall full year 2024 was another one of setting new operational highs, and I would like to express my gratitude to the One Weatherford team for that. We ended the year with the best safety record we have ever had, strong margin expansion and solid cash generation.

    While the activity outlook continues to evolve, margins and cash flow performance continue to be the cornerstone of our financial and strategic objectives. We are well-positioned to deliver another year of strong cash flow generation in 2025. While there is some temporary activity reduction, we continue to believe in the industry’s mid to long-term resilience and remain committed to our goal of achieving EBITDA margins in the high 20’s over the next few years.”

    *Non-GAAP – refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

    Operational & Commercial Highlights

    • ADNOC awarded Weatherford a three-year contract for the provision of rigless services as part of the reactivation of ADNOC’s onshore strings.
    • Kuwait Oil Company (KOC) awarded Weatherford a Managed Pressure Drilling (MPD) services contract focused on improving operational efficiency, enhancing safety, accelerating well-delivery timelines, and reducing costs by deploying Weatherford’s innovative VictusTM Intelligent MPD system.
    • KOC awarded Weatherford a one-year contract to provide and operate two onshore Real Time Decision Centers.
    • A National Oil Company (NOC) in Qatar awarded Weatherford a five-year contract to provide fishing and drilling tools, with a five-year extension option.
    • An NOC in Asia awarded Weatherford a three-year contract for the provision of Wireline conveyance and tooling services and a three-year contract for Tubular Running Services (TRS) in onshore India.
    • OMV Petrom awarded Weatherford a two-year contract for openhole and cased-hole logging services in Romania.
    • A major operator in Asia awarded Weatherford a three-year contract for providing ModusTM MPD services for two zones in North and South Sumatra, and awarded a five-year contract to provide openhole and cased-hole Wireline in onshore Indonesia.
    • Khalda awarded Weatherford a three-year contract to deploy up to 300 wells in Egypt using CygNet® SCADA and ForeSite® platform.
    • Azule Energy awarded Weatherford a three-year contract to provide TRS for the NGC Project in offshore Angola. This is in addition to the recently awarded TRS contract in block 15/06 in the deepwater block.
    • PTTEP awarded Weatherford a 24-month contract to provide openhole Wireline Services in onshore Thailand.
    • A major operator in Asia awarded Weatherford with a four-year contract to provide Rotating Control Devices to enable MPD in offshore Indonesia.
    • Shell Petroleum Development Company awarded Weatherford a three-year contract to provide Well Completions and other related specialized services in onshore Nigeria.

    Technology Highlights
    On January 14, 2025, at the annual IKTVA forum held at Dahan Dharan Expo, Weatherford signed an agreement with SPARK, a fully integrated industrial ecosystem aimed at making Saudi Arabia a global energy hub. This strategic partnership, aligned with Saudi Arabia’s Vision 2030, enhances Weatherford’s local presence, boosts production capabilities, and supports the region’s energy goals. By advancing local content, fostering talent, and driving innovation, Weatherford demonstrates its commitment to economic growth and to supporting Saudi Arabia’s leadership in energy innovation.

    • Drilling & Evaluation (“DRE”)
      • In the North Sea, Weatherford successfully deployed the world’s first Dual Advanced Kickover Tool for Equinor. The unique solution enables gas lift valve replacements in just a single run, which significantly increases efficiency and reduces cost of conventional systems.
      • In Saudi Arabia, Weatherford deployed its compact wireline logging tools with shuttle technology to achieve a record total depth for Aramco. This extended reach well features the longest horizontal section, measuring 23,000 feet.
    • Well Construction and Completions (“WCC”)
      • In deepwater Brazil, Weatherford successfully installed the first OptiRoss® RFID Multi-Cycle Sliding Sleeve Valve for a major operator. The system enhances acid stimulation efficiency, improving production and boosting the reservoir’s oil recovery factor.
      • In the Middle East, Weatherford successfully deployed its market-leading Optimax Tubing Retrievable Safety Valve for an NOC. This deployment enabled gas lift valve replacements in a single run, significantly increasing efficiency and reducing costs compared to conventional systems.
    • Production and Intervention (“PRI”)
      • In the Middle East, Weatherford’s Alpha1Go remote re-entry system was deployed for an NOC, optimizing rig site operations by significantly reducing whipstock preparation time and minimizing red-zone exposure. This deployment improved both efficiency and safety, demonstrating the system’s effectiveness in facilitating well re-entry operations and real-time team collaboration in various rig environments.
      • In US land operations, Weatherford successfully deployed its first Reclaim Dual Barrier Plug and Abandon (P&A) system for a major operator. This innovative dual barrier P&A system safely and reliably abandons wells without the need to pull tubing. By eliminating the requirement for conventional drilling rigs, it significantly reduces costs and minimizes the carbon footprint.

    Shareholder Return

    During the fourth quarter of 2024, Weatherford repurchased shares for approximately $49 million and paid dividends of $18 million, resulting in total shareholder return of $67 million. Since the inception of the shareholder return program introduced earlier in 2024, the Company repurchased shares for approximately $99 million and paid dividends of $36 million, resulting in total shareholder return of $135 million.

    On January 29, 2025, our Board declared a cash dividend of $0.25 per share of the Company’s ordinary shares, payable on March 19, 2025, to shareholders of record as of February 21, 2025.

    Results by Reportable Segment

    Drilling and Evaluation (“DRE”)

        Three Months Ended   Variance     Twelve Months Ended   Variance
    ($ in Millions)   Dec 31,
    2024
      Sep 30,
    2024
      Dec 31,
    2023
      Seq.     YoY   Dec 31,
    2024
      Dec 31,
    2023
      YoY
    Revenue   $ 398     $ 435     $ 382     (9 )%   4 %   $ 1,682     $ 1,536     10 %
    Segment Adjusted EBITDA   $ 96     $ 111     $ 97     (14 )%   (1 )%   $ 467     $ 422     11 %
    Segment Adj EBITDA Margin     24.1 %     25.5 %     25.4 %   (140) bps   (127) bps     27.8 %     27.5 %   29 bps

    Fourth quarter 2024 DRE revenue of $398 million decreased by $37 million, or 9% sequentially, primarily from lower activity in Latin America, partly offset by higher international Wireline activity. Year-over-year DRE revenues increased by $16 million, or 4%, primarily from higher activity in North America and higher international Wireline activity, partly offset by lower activity in Latin America.

    Fourth quarter 2024 DRE segment adjusted EBITDA of $96 million decreased by $15 million, or 14% sequentially, primarily driven by lower activity in Latin America, partly offset by higher international Wireline activity. Year-over-year DRE segment adjusted EBITDA decreased by $1 million, or 1%, primarily due to lower activity in Latin America, partly offset by improved performance in Middle East/North Africa/Asia.

    Full year 2024 DRE revenues of $1,682 million increased by $146 million, or 10% compared to 2023, as higher Wireline and Drilling-related services activity were partly offset by lower Drilling Services in Latin America.

    Full year 2024 DRE segment adjusted EBITDA of $467 million increased by $45 million, or 11% compared to 2023, as higher MPD and Wireline activity were partly offset by lower activity in Latin America.

    Well Construction and Completions (“WCC”)

        Three Months Ended   Variance     Twelve Months Ended   Variance
    ($ in Millions)   Dec 31,
    2024
      Sep 30,
    2024
      Dec 31,
    2023
      Seq.     YoY   Dec 31,
    2024
      Dec 31,
    2023
      YoY
    Revenue   $ 505     $ 509     $ 480     (1 )%   5 %   $ 1,976     $ 1,800     10 %
    Segment Adjusted EBITDA   $ 148     $ 151     $ 131     (2 )%   13 %   $ 564     $ 455     24 %
    Segment Adj EBITDA Margin     29.3 %     29.7 %     27.3 %   (36) bps   202 bps     28.5 %     25.3 %   326 bps

    Fourth quarter 2024 WCC revenue of $505 million decreased by $4 million, or 1% sequentially, primarily due to lower activity in Europe/Sub-Sahara Africa/Russia, partly offset by higher Completions and TRS activity in Middle East/North Africa/Asia. Year-over-year WCC revenues increased by $25 million, or 5%, primarily due to higher activity in Middle East/North Africa/Asia and higher Liner Hangers and Well Services activity in Latin America, partly offset by lower activity in North America.

    Fourth quarter 2024 WCC segment adjusted EBITDA of $148 million decreased by $3 million, or 2% sequentially, primarily due to lower activity in Europe/Sub-Sahara Africa/Russia, partly offset by higher Completions and TRS activity in Middle East/North Africa/Asia. Year-over-year WCC segment adjusted EBITDA increased by $17 million, or 13%, primarily due to higher activity in Middle East/North Africa/Asia, partly offset by lower activity in Europe/Sub-Sahara Africa/Russia.

    Full year 2024 WCC revenues of $1,976 million increased by $176 million, or 10% compared to 2023, primarily from higher activity in Middle East/North Africa/Asia and Latin America, partly offset by lower activity in North America.

    Full year 2024 WCC segment adjusted EBITDA of $564 million increased by $109 million, or 24% compared to 2023, primarily due to improved fall through in major product lines across all geographies.

    Production and Intervention (“PRI”)

        Three Months Ended   Variance       Twelve Months Ended   Variance  
    ($ in Millions)   Dec 31,
    2024
      Sep 30,
    2024
      Dec 31,
    2023
      Seq.     YoY     Dec 31,
    2024
      Dec 31,
    2023
      YoY  
    Revenue   $ 364     $ 371     $ 386     (2 )%   (6 )%   $ 1,452     $ 1,472     (1 )%
    Segment Adjusted EBITDA   $ 78     $ 83     $ 88     (6 )%   (11 )%   $ 319     $ 323     (1 )%
    Segment Adj EBITDA Margin     21.4 %     22.4 %     22.8 %   (94) bps   (137) bps     22.0 %     21.9 %   3 bps

    Fourth quarter 2024 PRI revenue of $364 million decreased by $7 million, or 2% sequentially, primarily due to lower activity in Latin America and lower Intervention Services and Drilling Tools (ISDT) activity in Europe/Sub-Sahara Africa/Russia and North America. Year-over-year PRI revenue decreased by $22 million, or 6%, as lower activity in Middle East/North Africa/Asia and Latin America was partly offset by higher Artificial Lift activity in North America.

    Fourth quarter 2024 PRI segment adjusted EBITDA of $78 million, decreased by $5 million, or 6% sequentially, primarily from lower activity in Latin America and lower ISDT activity in Europe/Sub-Sahara Africa/Russia and North America, partly offset by higher Artificial Lift activity in Middle East/North Africa/Asia. Year-over-year PRI segment adjusted EBITDA decreased by $10 million, or 11% year-over-year, primarily due to lower activity in Latin America and Europe/Sub-Sahara Africa/Russia, partly offset by better ISDT and Artificial Lift fall through in North America.

    Full year 2024 PRI revenues of $1,452 million decreased by $20 million, or 1% compared to 2023, primarily due to lower international Pressure Pumping and Digital Solutions activity, partly offset by higher ISDT activity in Europe/Sub-Sahara Africa/Russia and Middle East/North Africa/Asia.

    Full year 2024 PRI segment adjusted EBITDA of $319 million decreased by $4 million, or 1% compared to 2023, as lower activity in international Pressure Pumping and Digital Solutions was partly offset by improved performance in Artificial Lift.

    Revenue by Geography

        Three Months Ended   Variance   Twelve Months Ended   Variance
    ($ in Millions)   Dec 31,
    2024
      Sep 30,
    2024
      Dec 31,
    2023
      Seq.   YoY   Dec 31,
    2024
      Dec 31,
    2023
      YoY
    North America   $ 261   $ 266   $ 248   (2 )%   5 %   $ 1,046   $ 1,068   (2 )%
                                     
    International   $ 1,080   $ 1,143   $ 1,114   (6 )%   (3 )%   $ 4,467   $ 4,067   10 %
    Latin America     312     358     342   (13 )%   (9 )%     1,393     1,387   %
    Middle East/North Africa/Asia     542     542     547   %   (1 )%     2,123     1,815   17 %
    Europe/Sub-Sahara Africa/Russia     226     243     225   (7 )%   %     951     865   10 %
    Total Revenue   $ 1,341   $ 1,409   $ 1,362   (5 )%   (2 )%   $ 5,513   $ 5,135   7 %


    North America

    Fourth quarter 2024 North America revenue of $261 million decreased by $5 million, or 2% sequentially, primarily due to activity decreases in the North and South regions, partly offset by activity increase offshore in the Gulf of Mexico. Year-over-year, North America increased by $13 million, or 5%, primarily from higher Artificial Lift and Wireline activity, partly offset by a decrease in activity across the WCC segment.

    Full year 2024 North America revenue of $1,046 million decreased by $22 million, or 2%, compared to 2023, primarily due to lower activity in the WCC and PRI segments, partly offset by higher Wireline activity.

    International

    Fourth quarter 2024 international revenue of $1,080 million decreased 6% sequentially and decreased 3% year-over-year, and full year 2024 international revenue of $4,467 million increased 10%, compared to 2023.

    Fourth quarter 2024 Latin America revenue of $312 million decreased by $46 million, or 13% sequentially, primarily due to lower Drilling-related Services, partly offset by higher Liner Hangers activity. Year-over-year, Latin America revenue decreased by $30 million, primarily due to lower activity in the DRE and PRI segments, partly offset by higher activity in Liner Hangers and Well Services.

    Full year 2024 Latin America revenue of $1,393 million was largely flat, compared to 2023.

    Fourth quarter 2024 revenue of $542 million in Middle East/North Africa/Asia was flat sequentially, as higher activity from Completions and Artificial Lift were largely offset by lower MPD and Integrated Services & Projects. Year-over-year, the Middle East/North Africa/Asia revenue decreased by $5 million, or 1%, primarily due to lower activity in the PRI segment, partly offset by higher Drilling-related services and Completions activity.

    Full year 2024 revenue of $2,123 million in Middle East/North Africa/Asia increased by $308 million, or 17%, compared to 2023, mainly due to increased activity in the DRE and WCC segments, partly offset by lower activity in Digital Solutions, Artificial Lift and Pressure Pumping.

    Fourth quarter 2024 Europe/Sub-Sahara Africa/Russia revenue of $226 million decreased by $17 million, or 7%, sequentially, mainly driven by lower Completions and ISDT activity, partly offset by higher Wireline activity. Year-over-year Europe/Sub-Sahara Africa/Russia revenue was largely flat due to increased activity in the DRE segment, largely offset by lower activity in the WCC and PRI segments.

    Full year 2024 Europe/Sub-Sahara Africa/Russia revenue of $951 million increased by $86 million, or 10% compared to 2023, due to increased activity in the DRE and WCC segments, partly offset by lower Pressure Pumping and Artificial Lift activity.

    About Weatherford
    Weatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. The Company conducts business in approximately 75 countries and has approximately 19,000 team members representing more than 110 nationalities and 330 operating locations. Visit weatherford.com for more information and connect with us on social media.

    Conference Call Details

    Weatherford will host a conference call on Thursday, February 6, 2025, to discuss the Company’s results for the fourth quarter ended December 31, 2024. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).

    Listeners are encouraged to download the accompanying presentation slides which will be available in the investor relations section of the Company’s website.

    Listeners can participate in the conference call via a live webcast at https://www.weatherford.com/investor-relations/investor-news-and-events/events/ or by dialing +1 877-328-5344 (within the U.S.) or +1 412-902-6762 (outside of the U.S.) and asking for the Weatherford conference call. Participants should log in or dial in approximately 10 minutes prior to the start of the call.

    A telephonic replay of the conference call will be available until February 20, 2025, at 5:00 p.m. Eastern Time. To access the replay, please dial +1 877-344-7529 (within the U.S.) or +1 412-317-0088 (outside of the U.S.) and reference conference number 9530137. A replay and transcript of the earnings call will also be available in the investor relations section of the Company’s website.

    Contacts
    For Investors:
    Luke Lemoine
    Senior Vice President, Corporate Development & Investor Relations
    +1 713-836-7777
    investor.relations@weatherford.com

    For Media:
    Kelley Hughes
    Senior Director, Communications & Employee Engagement
    media@weatherford.com

    Forward-Looking Statements

    This news release contains projections and forward-looking statements concerning, among other things, the Company’s quarterly and full-year revenues, adjusted EBITDA*, adjusted EBITDA margin*, adjusted free cash flow*, net leverage*, shareholder return program, forecasts or expectations regarding business outlook, prospects for its operations, capital expenditures, expectations regarding future financial results, and are also generally identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “outlook,” “budget,” “intend,” “strategy,” “plan,” “guidance,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are based upon the current beliefs of Weatherford’s management and are subject to significant risks, assumptions, and uncertainties. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those indicated in our forward-looking statements. Readers are cautioned that forward-looking statements are only predictions and may differ materially from actual future events or results, based on factors including but not limited to: global political disturbances, war, terrorist attacks, changes in global trade policies and tariffs, weak local economic conditions and international currency fluctuations; general global economic repercussions related to U.S. and global inflationary pressures and potential recessionary concerns; various effects from conflicts in the Middle East and the Russia Ukraine conflict, including, but not limited to, nationalization of assets, extended business interruptions, sanctions, treaties and regulations imposed by various countries, associated operational and logistical challenges, and impacts to the overall global energy supply; cybersecurity issues; our ability to comply with, and respond to, climate change, environmental, social and governance and other sustainability initiatives and future legislative and regulatory measures both globally and in specific geographic regions; the potential for a resurgence of a pandemic in a given geographic area and related disruptions to our business, employees, customers, suppliers and other partners; the price and price volatility of, and demand for, oil and natural gas; the macroeconomic outlook for the oil and gas industry; our ability to generate cash flow from operations to fund our operations; our ability to effectively and timely adapt our technology portfolio, products and services to remain competitive, and to address and participate in changes to the market demands, including for the transition to alternate sources of energy such as geothermal, carbon capture and responsible abandonment, including our digitalization efforts; our ability to effectively execute our capital allocation framework; our ability to return capital to shareholders, including those related to the timing and amounts (including any plans or commitments in respect thereof) of any dividends and share repurchases; and the realization of additional cost savings and operational efficiencies.

    These risks and uncertainties are more fully described in Weatherford’s reports and registration statements filed with the Securities and Exchange Commission, including the risk factors described in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Accordingly, you should not place undue reliance on any of the Company’s forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law, and we caution you not to rely on them unduly.

    *Non-GAAP – refer to the section titled Non-GAAP Financial Measures Defined and GAAP to Non-GAAP Financial Measures Reconciled

    Weatherford International plc
    Selected Statements of Operations (Unaudited)
                         
        Three Months Ended   Year Ended
    ($ in Millions, Except Per Share Amounts)   December
    31, 2024
      September
    30, 2024
      December
    31, 2023
      December
    31, 2024
      December
    31, 2023
    Revenues:                    
    DRE Revenues   $ 398     $ 435     $ 382     $ 1,682     $ 1,536  
    WCC Revenues     505       509       480       1,976       1,800  
    PRI Revenues     364       371       386       1,452       1,472  
    All Other     74       94       114       403       327  
    Total Revenues     1,341       1,409       1,362       5,513       5,135  
                         
    Operating Income:                    
    DRE Segment Adjusted EBITDA[1]   $ 96     $ 111     $ 97     $ 467     $ 422  
    WCC Segment Adjusted EBITDA[1]     148       151       131       564       455  
    PRI Segment Adjusted EBITDA[1]     78       83       88       319       323  
    All Other[2]     11       23       13       84       38  
    Corporate[2]     (7 )     (13 )     (8 )     (52 )     (52 )
    Depreciation and Amortization     (83 )     (89 )     (83 )     (343 )     (327 )
    Share-based Compensation     (10 )     (10 )     (9 )     (45 )     (35 )
    Other Charges     (35 )     (13 )     (13 )     (56 )     (4 )
    Operating Income     198       243       216       938       820  
                         
    Other Expense:                    
    Interest Expense, Net of Interest Income of $12, $13, $12, $56 and $59     (25 )     (24 )     (31 )     (102 )     (123 )
    Loss on Blue Chip Swap Securities                       (10 )     (57 )
    Other Expense, Net     (4 )     (41 )     (36 )     (87 )   (134 )
    Income Before Income Taxes     169       178       149       739       506  
    Income Tax Provision     (45 )     (12 )     (2 )     (189 )     (57 )
    Net Income     124       166       147       550       449  
    Net Income Attributable to Noncontrolling Interests     12       9       7       44       32  
    Net Income Attributable to Weatherford   $ 112     $ 157     $ 140     $ 506     $ 417  
                         
    Basic Income Per Share   $ 1.54     $ 2.14     $ 1.94     $ 6.93     $ 5.79  
    Basic Weighted Average Shares Outstanding     72.6       73.2       72.1       73.0       71.9  
                         
    Diluted Income Per Share[3]   $ 1.50     $ 2.06     $ 1.90     $ 6.75     $ 5.66  
    Diluted Weighted Average Shares Outstanding     74.5       75.2       73.9       74.9       73.7  
                                             
    [1]   Segment adjusted EBITDA is our primary measure of segment profitability under U.S. GAAP ASC 280 “Segment Reporting” and represents segment earnings before interest, taxes, depreciation, amortization, share-based compensation and other adjustments. Research and development expenses are included in segment adjusted EBITDA.
    [2]   All Other includes results from non-core business activities (including integrated services and projects), and Corporate includes overhead support and centrally managed or shared facilities costs. All Other and Corporate do not individually meet the criteria for segment reporting.
    [3]   Included the maximum potentially dilutive shares contingently issuable for an acquisition consideration during the three months ended September 30, 2024, the value of which was adjusted out of Net Income Attributable to Weatherford in calculating diluted income per share.
    Weatherford International plc
    Selected Balance Sheet Data (Unaudited)
           
    ($ in Millions) December 31, 2024   December 31, 2023
    Assets:      
    Cash and Cash Equivalents $ 916   $ 958
    Restricted Cash   59     105
    Accounts Receivable, Net   1,261     1,216
    Inventories, Net   880     788
    Property, Plant and Equipment, Net   1,061     957
    Intangibles, Net   325     370
           
    Liabilities:      
    Accounts Payable   792     679
    Accrued Salaries and Benefits   302     387
    Current Portion of Long-term Debt   17     168
    Long-term Debt   1,617     1,715
           
    Shareholders’ Equity:      
    Total Shareholders’ Equity   1,283     922
               
    Weatherford International plc
    Selected Cash Flows Information (Unaudited)
                         
        Three Months Ended   Year Ended
    ($ in Millions)   December
    31, 2024
      September
    30, 2024
      December
    31, 2023
      December
    31, 2024
      December
    31, 2023
    Cash Flows From Operating Activities:                    
    Net Income   $ 124     $ 166     $ 147     $ 550     $ 449  
    Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities:                    
    Depreciation and Amortization     83       89       83       343       327  
    Foreign Exchange Losses (Gain)     (2 )     35       43       56       116  
    Loss on Blue Chip Swap Securities                       10       57  
    Gain on Disposition of Assets     (2 )     (1 )           (35 )     (11 )
    Deferred Income Tax Provision (Benefit)           (19 )     (19 )     8       (86 )
    Share-Based Compensation     10       10       9       45       35  
    Changes in Accounts Receivable, Inventory, Accounts Payable and Accrued Salaries and Benefits     24       30       151       (120 )     (84 )
    Other Changes, Net     12       (48 )     (39 )     (65 )     29  
    Net Cash Provided By Operating Activities     249       262       375       792       832  
                         
    Cash Flows From Investing Activities:                    
    Capital Expenditures for Property, Plant and Equipment     (100 )     (78 )     (67 )     (299 )     (209 )
    Proceeds from Disposition of Assets     13             7       31       28  
    Purchases of Blue Chip Swap Securities                       (50 )     (110 )
    Proceeds from Sales of Blue Chip Swap Securities                       40       53  
    Business Acquisitions, Net of Cash Acquired           (15 )           (51 )     (4 )
    Other Investing Activities     1       1       (71 )     36       (47 )
    Net Cash Used In Investing Activities     (86 )     (92 )     (131 )     (293 )     (289 )
                         
    Cash Flows From Financing Activities:                    
    Repayments of Long-term Debt     (23 )     (5 )     (80 )     (287 )     (386 )
    Distributions to Noncontrolling Interests     (20 )     (10 )     (31 )     (39 )     (52 )
    Tax Remittance on Equity Awards     (22 )           (2 )     (31 )     (56 )
    Share Repurchases     (49 )     (50 )           (99 )      
    Dividends Paid     (18 )     (18 )           (36 )      
    Other Financing Activities     (1 )     (6 )     (13 )     (19 )     (20 )
    Net Cash Used In Financing Activities   $ (133 )   $ (89 )   $ (126 )   $ (511 )   $ (514 )

                      

    Weatherford International plc
    Non-GAAP Financial Measures Defined (Unaudited)

    We report our financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, Weatherford’s management believes that certain non-GAAP financial measures (as defined under the SEC’s Regulation G and Item 10(e) of Regulation S-K) may provide users of this financial information additional meaningful comparisons between current results and results of prior periods and comparisons with peer companies. The non-GAAP amounts shown in the following tables should not be considered as substitutes for results reported in accordance with GAAP but should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

    Adjusted EBITDA* – Adjusted EBITDA* is a non-GAAP measure and represents consolidated income before interest expense, net, income taxes, depreciation and amortization expense, and excludes, among other items, restructuring charges, share-based compensation expense, as well as other charges and credits. Management believes adjusted EBITDA* is useful to assess and understand normalized operating performance and trends. Adjusted EBITDA* should be considered in addition to, but not as a substitute for consolidated net income and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

    Adjusted EBITDA Margin* – Adjusted EBITDA margin* is a non-GAAP measure which is calculated by dividing consolidated adjusted EBITDA* by consolidated revenues. Management believes adjusted EBITDA margin* is useful to assess and understand normalized operating performance and trends. Adjusted EBITDA margin* should be considered in addition to, but not as a substitute for consolidated net income margin and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

    Adjusted Free Cash Flow* – Adjusted Free Cash Flow* is a non-GAAP measure and represents cash flows provided by (used in) operating activities, less capital expenditures plus proceeds from the disposition of assets. Management believes adjusted free cash flow* is useful to understand our performance at generating cash and demonstrates our discipline around the use of cash. Adjusted free cash flow* should be considered in addition to, but not as a substitute for cash flows provided by operating activities and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

    Net Debt* – Net Debt* is a non-GAAP measure that is calculated taking short and long-term debt less cash and cash equivalents and restricted cash. Management believes the net debt* is useful to assess the level of debt in excess of cash and cash and equivalents as we monitor our ability to repay and service our debt. Net debt* should be considered in addition to, but not as a substitute for overall debt and total cash and should be viewed in addition to the Company’s results prepared in accordance with GAAP.​

    Net Leverage* – Net Leverage* is a non-GAAP measure which is calculated by dividing by taking net debt* divided by adjusted EBITDA* for the trailing 12 months. Management believes the net leverage* is useful to understand our ability to repay and service our debt. Net leverage* should be considered in addition to, but not as a substitute for the individual components of above defined net debt* divided by consolidated net income attributable to Weatherford and should be viewed in addition to the Company’s reported results prepared in accordance with GAAP.

    *Non-GAAP – as defined above and reconciled to the GAAP measures in the section titled GAAP to Non-GAAP Financial Measures Reconciled

    Weatherford International plc
    GAAP to Non-GAAP Financial Measures Reconciled (Unaudited)
     
                         
        Three Months Ended   Year Ended
    ($ in Millions, Except Margin in Percentages)   December
    31, 2024
      September
    30, 2024
      December
    31, 2023
      December
    31, 2024
      December
    31, 2023
    Revenues   $ 1,341     $ 1,409     $ 1,362     $ 5,513     $ 5,135  
    Net Income Attributable to Weatherford   $ 112     $ 157     $ 140     $ 506     $ 417  
    Net Income Margin     8.4 %     11.1 %     10.3 %     9.2 %     8.1 %
    Adjusted EBITDA*   $ 326     $ 355     $ 321     $ 1,382     $ 1,186  
    Adjusted EBITDA Margin*     24.3 %     25.2 %     23.6 %     25.1 %     23.1 %
                         
    Net Income Attributable to Weatherford   $ 112     $ 157     $ 140     $ 506     $ 417  
    Net Income Attributable to Noncontrolling Interests     12       9       7       44       32  
    Income Tax Provision     45       12       2       189       57  
    Interest Expense, Net of Interest Income of $12, $13, $12, $56 and $59     25       24       31       102       123  
    Loss on Blue Chip Swap Securities                       10       57  
    Other Expense, Net     4       41       36       87       134  
    Operating Income     198       243       216       938       820  
    Depreciation and Amortization     83       89       83       343       327  
    Other Charges[1]     35       13       13       56       4  
    Share-Based Compensation     10       10       9       45       35  
    Adjusted EBITDA*   $ 326     $ 355     $ 321     $ 1,382     $ 1,186  
                         
    Net Cash Provided By Operating Activities   $ 249     $ 262     $ 375     $ 792     $ 832  
    Capital Expenditures for Property, Plant and Equipment     (100 )     (78 )     (67 )     (299 )     (209 )
    Proceeds from Disposition of Assets     13             7       31       28  
    Adjusted Free Cash Flow*   $ 162     $ 184     $ 315     $ 524     $ 651  
    [1]   Other charges in the three and twelve months ended December 31, 2024, primarily included severance and restructuring costs and fees to third-party financial institutions related to collections of certain receivables from our largest customer in Mexico.
         

    *Non-GAAP – as reconciled to the GAAP measures above and defined in the section titled Non-GAAP Financial Measures Defined

    Weatherford International plc
    GAAP to Non-GAAP Financial Measures Reconciled Continued (Unaudited)
     
                   
         
    ($ in Millions)   December
    31, 2024
      September
    30, 2024
      December
    31, 2023
     
    Current Portion of Long-term Debt   $ 17   $ 21   $ 168  
    Long-term Debt     1,617     1,627     1,715  
    Total Debt   $ 1,634   $ 1,648   $ 1,883  
                   
    Cash and Cash Equivalents   $ 916   $ 920   $ 958  
    Restricted Cash     59     58     105  
    Total Cash   $ 975   $ 978   $ 1,063  
                   
    Components of Net Debt              
    Current Portion of Long-term Debt   $ 17   $ 21   $ 168  
    Long-term Debt     1,617     1,627     1,715  
    Less: Cash and Cash Equivalents     916     920     958  
    Less: Restricted Cash     59     58     105  
    Net Debt*   $ 659   $ 670   $ 820  
                   
    Net Income for trailing 12 months   $ 506   $ 534   $ 417  
    Adjusted EBITDA* for trailing 12 months   $ 1,382   $ 1,377   $ 1,186  
                   
    Net Leverage* (Net Debt*/Adjusted EBITDA*)     0.48 x   0.49 x   0.69 x
                         

    *Non-GAAP – as reconciled to the GAAP measures above and defined in the section titled Non-GAAP Financial Measures Defined

    The MIL Network

  • MIL-OSI Economics: How real-world businesses are transforming with AI – with 50 new stories

    Source: Microsoft

    Headline: How real-world businesses are transforming with AI – with 50 new stories

    Updated February 5, 2025: The post contains 50 new customer stories, which appear at the beginning of each section of customer lists. The post will be updated regularly with new stories.

    One of the highlights of my career has always been connecting with customers and partners across industries to learn how they are using technology to drive their businesses forward. In the past 30 years, we’ve seen four major platform shifts, from client server to internet and the web to mobile and cloud to now — the next major platform shift to AI.  

    As today’s platform shift to AI continues to gain momentum, Microsoft is working to understand just how organizations can drive lasting business value. We recently commissioned a study with IDC, The Business Opportunity of AI, to uncover new insights around business value and help guide organizations on their journey of AI transformation. The study found that for every $1 organizations invest in generative AI, they’re realizing an average of $3.70 in return — and uncovered insights about the future potential of AI to reshape business processes and drive change across industries.

    Check out the top 5 AI trends to watch from IDC and Microsoft

    Today, more than 85% of the Fortune 500 are using Microsoft AI solutions to shape their future. In working with organizations large and small, across every industry and geography, we’ve seen that most transformation initiatives are designed to achieve one of four business outcomes:  

    1. Enriching employee experiences: Using AI to streamline or automate repetitive, mundane tasks can allow your employees to dive into more complex, creative and ultimately more valuable work.
    2. Reinventing customer engagement: AI can create more personalized, tailored customer experiences, delighting your target audiences while lightening the load for employees.
    3. Reshaping business processes: Virtually any business process can be reimagined with AI, from marketing to supply chain operations to finance, and AI is even allowing organizations to go beyond process optimization and discover exciting new growth opportunities.
    4. Bending the curve on innovation: AI is revolutionizing innovation by speeding up creative processes and product development, reducing the time to market and allowing companies to differentiate in an often crowded field.

    In this blog, we’ve collected more than 300 of our favorite real-life examples of how organizations are embracing Microsoft’s proven AI capabilities to drive impact and shape today’s platform shift to AI. Today, we’ve added new stories of customers using our AI capabilities at the beginning of each section. We’ll regularly update this story with more. We hope you find an example or two that can inspire your own transformation journey.

    Enriching employee experiences

    Generative AI is truly transforming employee productivity and wellbeing. Our customers tell us that by automating repetitive, mundane tasks, employees are freed up to dive into more complex and creative work. This shift not only makes the work environment more stimulating but also boosts job satisfaction. It sparks innovation, provides actionable insights for better decision-making and supports personalized training and development opportunities, all contributing to a better work-life balance. Customers around the world have reported significant improvements in employee productivity with these AI solutions:

    New Stories:

    1. Acentra Health created MedScribe using Azure OpenAI Service. The solution has saved 11,000 nursing hours and nearly $800,000. It also helped each nurse process 20 to 30 letters daily, while achieving a 99% approval rate for MedScribe-generated letters.
    2. Brisbane Catholic Education provides Microsoft 365 Copilot to 12,500 educators, and uses Microsoft Copilot Studio to create a generative AI tool to help educators integrate Catholic traditions and values into the classroom.
    3. Crediclub saves 96% per month in auditing expenses and analyzes 150 meetings per hour with Azure AI, freeing up time for 800 sales advisors and 150 branch managers to interact directly with customers.
    4. eClinicalWorks developed a tool using Azure AI services and Azure AI Document Intelligence to help healthcare workers scan, sort and match thousands of faxes each year to match the faxed data with current patient files.
    5. Education Authority of Northern Ireland (EANI) introduced Microsoft 365 Copilot to reduce admin work, allowing teachers to focus on students. The Microsoft partnership ensures secure and ethical AI use, while teacher training focuses on prompt writing and effective tool adoption.
    6. Ma’aden uses Microsoft 365 Copilot to enhance productivity, saving up to 2,200 hours monthly. Tasks like drafting emails, creating documents and data analysis have become more efficient, helping Ma’aden achieve its growth goals.
    7. Marketing org mci group uses Microsoft 365 Copilot to enhance the use of AI and other technological advances to boost employee efficiency.
    8. Michelin deployed Microsoft 365 Copilot and a generative AI in-house chatbot based on Azure OpenAI Service called “Aurora” designed to help employees optimize work and team performance, boosting productivity tenfold.
    9. Raiffeisen Bank International built its own ChatGPT using Azure OpenAI Service to automate repetitive tasks like documenting intelligence and more rapidly summarize legal, regulation and banking documents.
    10. Sanabil Investments deployed Microsoft 365 Copilot to help employees reduce the time spent on manual everyday tasks that diverted focus from more strategic and valuable work. Within two months, approximately 70% of employees regularly used Copilot.
    11. Sensei rolled out Microsoft 365 to reduce the number of internal apps and better connect systems for easier collaboration, and is using Microsoft 365 Copilot to increase efficiency.
    12. Sikshana Foundation is working with Microsoft Research India to introduce an AI copilot for teachers that shortens preparation time for lessons from an hour or more to just minutes.
    13. The University of Hong Kong adopted Microsoft 365 Copilot to enhance productivity by automating administrative tasks and providing intelligent assistance, allowing faculty to focus more on teaching.

    1. Accenture and Avanade launched a Copilot business transformation practice, supported by Microsoft, and co-invested in new capabilities, solutions and training to help organizations securely and responsibly reinvent their business functions with generative and agentic AI and Copilot technologies.
    2. Access Holdings Plc adopted Microsoft 365 Copilot, integrating generative AI into daily tools and, as a result, writing code now takes two hours instead of eight, chatbots launch in 10 days instead of three months and presentations are prepared in 45 minutes instead of six hours.
    3. Adobe is connecting Adobe Experience Cloud workflows and insights with Microsoft 365 Copilot to deliver generative-AI powered capabilities that enable marketers to increase collaboration, efficiency and creativity.
    4. Amadeus empowers its teams to focus their time and skills on value-added tasks with Microsoft 365 Copilot, by summarizing email threads, chat or transcripts and summing up information from diverse sources.
    5. ANZ has invested in Microsoft 365 Copilot, GitHub Copilot and Copilot in Microsoft Edge to boost productivity and innovation across its workforce.
    6. Asahi Europe & International (AEI) has adopted Microsoft 365 Copilot, saving employees potentially 15% of time previously spent on administrative tasks.
    7. AXA developed AXA Secure GPT, a platform powered by Azure OpenAI Service that empowers employees to leverage the power of generative AI while targeting the highest level of data safety and responsible use of the tool.
    8. Axon Enterprise developed a new AI tool with Azure OpenAI Service called Draft One, resulting in an 82% decrease in time spent on reports, which freed up officers to engage more with their community.
    9. Aztec Group enhanced productivity and client experience by trialing Microsoft 365 Copilot with 300 staff, uncovering “unlimited” use cases and plans for a wider rollout.
    10. Bader Sultan & Bros. Co. W.L.L. implemented Microsoft 365 Copilot to enhance employee productivity and speed up customer response times.
    11. Bancolombia is using GitHub Copilot to empower its technical team, achieving a 30% increase in code generation, boosting automated application changes to an average of 18,000 per year, with a rate of 42 productive daily deployments.
    12. Bank of Queensland Group is using Microsoft 365 Copilot, with 70% of users saving two-and-a-half to five hours per week.
    13. BaptistCare Community Services is using Microsoft 365 Copilot to save employees time as they navigate workforce shortage challenges allowing them to focus more on the people they care for.
    14. Barnsley Council was recognized as “Double Council of the Year in 2023” for its implementation of Microsoft 365 Copilot, which modernized operations and reduced administrative tasks, leading to improved job satisfaction and increased creativity.
    15. BlackRock purchased more than 24,000 Microsoft 365 Copilot licenses spanning all employees, functions and locations, helping improve the Copilot experience, including codeveloping new features and functions.
    16. British Heart Foundation is testing Microsoft 365 Copilot and in its initial test, users estimate that Microsoft 365 Copilot could save them up to 30 minutes per day.
    17. Buckinghamshire Council deployed Microsoft 365 Copilot with staff reporting productivity improvements, quality enhancements and time savings which are enabling the different teams to do more with less.
    18. Campari Group adopted Microsoft 365 Copilot to help employees integrate it into their workflow, resulting in time savings of about two hours a week from the support of routine activities such as email management, meeting preparation, content creation and skill acquisition.
    19. Canadian Tire Corporation moved its data from on-premises systems to Microsoft Azure and built digital assistants using Azure OpenAI Service, and now more than 3,000 corporate employees save 30 to 60 minutes a day using its ChatCTC digital assistant.
    20. Capita is using GitHub Copilot for productivity improvements as well as improvements in developer satisfaction, recruitment and retention.
    21. Cathay leverages Microsoft 365 Copilot to streamline meetings and manage information more effectively, reducing time-consuming tasks and fostering creativity.
    22. CDW used Microsoft 365 Copilot to improve work quality for 88% of users, enabling 77% to complete tasks faster, and increasing productivity for 85% of users.
    23. Chi Mei Medical Center is lightening workloads for doctors, nurses and pharmacists with a generative AI assistant built on Azure OpenAI Service.
    24. Clifford Chance adopted Microsoft 365 Copilot to streamline tasks, automate processes and enhance collaboration. Lawyers use it to draft and manage emails and ensure compliance, allowing them to focus on complex legal work and improve productivity.
    25. DLA Piper chose Microsoft 365 Copilot to boost productivity for operational and administrative teams, saving up to 36 hours weekly on content generation and data analysis.
    26. Eaton adopted Microsoft 365 Copilot to automate the creation of 1,000 standard operating procedures to streamline customer service operations and improve data access across teams, cutting creation time from one hour to 10 minutes.
    27. E.ON is focused on Germany’s energy transition, leveraging Microsoft 365 Copilot to manage the complex grid in real-time, increasing productivity and efficiency for its workforce.
    28. Enerijisa Uretim has adopted Microsoft 365 Copilot to streamline meeting summaries, reformat documents and compile reports, enabling employees to concentrate on more strategic and fulfilling activities instead of spending six hours in meetings.
    29. EPAM is deploying Microsoft 365 Copilot to consolidate information and generate content and documents.
    30. Farm Credit Canada implemented Microsoft 365 Copilot which resulted in time savings on routine tasks for 78% of users, with 30% saving 30 to 60 minutes per week and 35% saving over an hour per week, allowing employees to focus on more value-added tasks.
    31. Finastra used Microsoft 365 Copilot to automate tasks, enhance content creation, improve analytics and personalize customer interactions, with employees citing a 20%-50% time savings.
    32. Four Agency Worldwide increased employee productivity using Microsoft 365 Copilot to generate ideas for creative work and support administrative-heavy processes, data analysis and report generation, allowing staff to focus on outreach and less time doing paperwork.
    33. Goodwill of Orange County developed an AI-powered app using Azure AI capabilities to help more people, including those with developmental, intellectual and physical disabilities, work in unfilled e-commerce positions.
    34. Harvey uses Azure OpenAI to simplify routine tasks across hundreds of law firms and legal teams, with one corporate lawyer saying he saved 10 hours of work per week.
    35. Honeywell employees are saving 92 minutes per week — that’s 74 hours a year! Disclaimer: Statistics are from an internal Honeywell survey of 5,000 employees where 611 employees responded.
    36. Insight employees using Copilot are seeing four hours of productivity gained per week from data summarization and content creation.
    37. Joos uses Microsoft 365 Copilot to grow its brand with worldwide collaboration by streamlining meetings, optimizing presentations and improving communications.
    38. Kantar is harnessing the power of Microsoft 365 Copilot by reducing costly, time-consuming IT processes and boosting productivity for employees.
    39. KMS Lighthouse enhanced its knowledge management platform with Microsoft Teams and Dynamics 365 integration, enabling users to leverage KMS Lighthouse without having to switch applications. And with Azure OpenAI Service, companies can create relevant content more quickly within the KMS Lighthouse application.
    40. KPMG Australia is using Microsoft Azure OpenAI Service, Azure AI Search and Microsoft Copilot 365 to perform advanced text analysis of dozens of client source documents to identify full or partial compliance, or noncompliance, in a fraction of the time required for manual assessments.
    41. LGT is launching Microsoft Copilot LGT to improve efficiency, showing users save an average of an hour a week even in the pilot phase.
    42. Localiza&Co, a leader in the mobility industry in Latin America, implemented Microsoft 365 Copilot to automate processes and improve efficiency, and reduced 8.3 working hours per employee per month.
    43. Lotte Hotels & Resorts has been creating a new work culture that allows employees to work more efficiently and focus on the nature of the work by adopting Microsoft Power Platform for automation.
    44. MAIRE is leveraging Microsoft 365 Copilot to automate routine tasks, saving over 800 working hours per month, freeing up engineers and professionals for strategic activities while supporting MAIRE’s green energy transition by reducing their carbon footprint.
    45. McDonald’s China chose Microsoft Azure AI, GitHub Copilot and Azure AI Search to transform its operations, resulting in a significant increase in AI adoption, consumption and retention from 2,000 to 30,000 employee transactions monthly.
    46. McKnight Foundation adopted Microsoft 365 Copilot for all staff, saving time, increasing productivity and freeing space to focus on strategic priorities.
    47. Medigold Health uses Azure OpenAI Service to significantly reduce the time that clinicians spend writing reports during their consultation and administrative time.
    48. Morula Health is using Microsoft 365 Copilot to enhance productivity, streamline medical writing tasks and ensure data security, ultimately improving efficiency and client satisfaction.
    49. Motor Oil Group is achieving remarkable efficiency gains by integrating Microsoft 365 Copilot into its workflows, with staff spending minutes on tasks that used to take weeks.
    50. Nagel-Group uses Azure OpenAI Service to help employees quickly access information which saves time, creates efficiency and transparency and leads to higher-quality answers overall.
    51. National Australia Bank is leveraging Microsoft 365 Copilot for daily productivity and data analysis and insights and Microsoft Copilot for Security to quickly analyze millions of security event logs and allow engineers to focus on more important areas.
    52. NFL Players Association integrated Azure AI Services and Azure App Service into their video review process, reducing review time by up to 73%, significantly increasing efficiency and enhancing player safety through consistent rule enforcement.
    53. O2 Czech Republic boosts productivity and streamlines meetings with Microsoft 365 Copilot, revolutionizing how information is shared and making automation a part of daily work.
    54. Onepoint developed a secure conversational agent based on Azure OpenAI which delivers productivity gains of between 10% and 15% across all business lines.
    55. Orange Group has over 40 use cases with Azure OpenAI Service and GitHub Copilot across business functions to support employees in their day-to-day tasks, enabling them to concentrate on higher value-added activities.
    56. Oxford University Hospitals NHS Foundation Trust implemented Microsoft 365 Copilot to improve staff report productivity by saving one to two hours a week, or simple formatting tasks down to a matter of seconds, enabling more resources to deliver frontline services.
    57. PA Consulting transformed its sales operations with Microsoft 365 Copilot, so its people can invest more time on the activities that have the biggest impact for clients and maximize the strategic value they provide.
    58. Petrobras used Azure OpenAI Service to create ChatPetrobras, which is streamlining workflows, reducing manual tasks and summarizing reports for its 110,000 employees.
    59. Petrochemical Industries Company automates work processes to save time with Microsoft 365 Copilot from weeks to days, hours to seconds.
    60. PIMCO built ChatGWM with Azure AI Studio, a comprehensive platform that provides the ability to ask questions, receive responses and verify answers all in one place, so teams can spend more time engaging clients and having deeper conversations.
    61. PKSHA Technology is optimizing their time on critical work by increasing efficiency in meeting preparations, data analytics and ideation with the help of Microsoft 365 Copilot.
    62. Providence has collaborated with Nuance and Microsoft to accelerate development and adoption of generative AI-powered applications, helping improve care quality and access, and reduce physician’s administrative workloads.
    63. RTI International adopted Microsoft 365 Copilot to gain productivity wherever possible, allowing staff to focus on their areas of expertise, delivering even better science-backed solutions for clients.
    64. SACE, an Italian finance and insurance firm, is using Microsoft 365 Copilot and Viva to boost productivity and unlock employee potential while enhancing overall well-being — and productivity improvement data from the first nine months of implementation shows a 23% increase.
    65. Sandvik Coromant is using Microsoft Copilot for Sales to drive efficiency and accuracy, shaving at least one minute off each transaction, allowing sellers and account managers to focus their expertise on responding to customers’ needs with analysis, creativity and adaptability.
    66. Sasfin Bank built a solution on Microsoft Azure that centralized 20,000 documents to analyze contract clauses and provide real-time snapshots, moving guesswork into data-driven decision-making.
    67. Scottish Water implemented Microsoft 365 Copilot reducing mundane tasks to a minimum, and thus freeing up time for employees to work on the more meaningful tasks.
    68. Shriners Children’s developed an AI platform allowing clinicians to easily and securely navigate patient data in a singular location, enhancing patient care, and improving the efficiency of their healthcare services.
    69. Siemens is leveraging Azure OpenAI Service to improve efficiency, cut downtime and address labor shortages.
    70. Softchoice employees are experiencing firsthand how Microsoft 365 Copilot can transform daily workflows, realizing productivity gains of 97% reduction in time spent summarizing technical meetings and up to 70% less time spent on content creation.
    71. Syensqo utilized Microsoft’s Azure OpenAI Service to develop a custom AI chatbot in three months, which improved their internal data management, decision-making and overall efficiency.
    72. Teladoc Health uses Microsoft 365 Copilot to revolutionize its telehealth operations, automating routine tasks, boosting efficiency and increasing productivity.
    73. Telstra developed two cutting-edge generative AI tools based on Microsoft Azure OpenAI Service: 90% of employees are using the One Sentence Summary tool which resulted in 20% less follow-up customer contact and 84% of customer service agents using the Ask Telstra solution.
    74. Topsoe achieved 85% AI adoption among office employees in seven months, significantly enhancing productivity and business processes.
    75. Torfaen County Borough Council utilized Microsoft 365 Copilot to streamline back-office processes, resulting in significant time savings and enhanced productivity for both business and children’s services teams, with further rollouts planned.
    76. Trace3 leveraged Microsoft 365 Copilot to streamline and enhance processes across the business and with clients, such as reducing the time it takes HR recruiting managers to respond to applicants within a couple of days instead of several weeks.
    77. Unilever is reinventing their marketing process with Copilot, saving time on briefing tasks, automatically pulling in relevant market data, content and insights to accelerate campaign launches.
    78. Uniper SE implemented Microsoft 365 Copilot to reduce time spent on manual and repetitive tasks, and help workers focus on more pressing work, such as developing enhanced solutions to speed up the energy transition.
    79. Unum Group built a custom AI application to search 1.3 terabytes of data with 95% accuracy using Azure OpenAI Service.
    80. Virgin Atlantic adopted Microsoft 365 Copilot and GitHub Copilot and is seeing real business benefits, including productivity improvements, enabling new ways of working.
    81. Visier built a generative AI assistant that leverages Azure AI and Azure OpenAI Services to deliver workforce analytics and actionable insights for more than 50,000 customers.
    82. Virtual Dental Care developed an AI application Smart Scan that leverages Microsoft Azure to reduce paperwork for mobile dental clinics in schools by 75% and frees dentists to devote more time to patient care.
    83. Zakladni Skola As Hlavkova adopted Microsoft 365 Copilot and saw a 60% improvement in handling administrative documents, decreased lesson preparation from hours to few minutes, increased inclusivity and enhanced communication with students and parents.

    Reinventing customer engagement

    We’ve seen great examples of how generative AI can automate content creation, ensuring there’s fresh and engaging materials ready to go. It personalizes customer experiences by crunching the numbers, boosting conversion rates. It makes operations smoother, helping teams launch campaigns faster. Plus, it drives innovation, crafting experiences that delight customers while lightening the load for staff. Embracing generative AI is key for organizations wanting to reinvent customer engagements, stay ahead of the game and drive both innovation and efficiency.

    New Stories:

    1. Aditya Birla Capital built the SimpliFi chatbot on Microsoft Azure to simplify financial services information and offers through intelligent search and proactive nudging with minimum latency and high scalability.
    2. AIA is using Copilot in Dynamics 365 Customer Service to allow customer service representatives to handle more cases in less time by automating time-consuming tasks like drafting customer emails and summarizing lengthy chats and case histories.
    3. Aydem Energy and Microsoft partner Softtech used Azure OpenAI Service to create an AI assistant for WhatsApp, providing customers with real-time updates and handling meter readings, bill checks and claims.
    4. The City of Buenos Aires developed Boti with ChatGPT using Azure OpenAI Service to manage multiple service channels and personalize key services for residents and tourists. The chatbot centralizes data, enables natural language interactions and scales to handle high demands, managing 2 million queries per month without human intervention, alleviating the operational burden by 50%, improving the citizen experience and increasing efficiency.
    5. de Alliantie built a generative AI chatbot using Azure OpenAI to digest information in their online knowledge base so staff can get accurate answers in seconds. Another Azure AI-based solution transcribes and summarizes calls, then categorizes them by theme.
    6. Haceb created a virtual technical support assistant with generative AI, helping on-the-ground technicians troubleshoot, diagnose and resolve product issues faster and more efficiently.
    7. Lloyds Banking Group developed the Branch Translation App using Microsoft Power Apps and Azure AI services with a goal to improve communication with non-English speaking customers and the innovation enhanced service delivery, receiving positive feedback from employees and customers alike.
    8. Staffbase provides its clients with Staffbase Companion, which helps it enhance internal communication with quick content generation, summarization, translation and future capabilities — and remain confident in data protection.
    9. Tekion built Automative Retail Cloud, a unified, cloud-native platform that uses generative AI to analyze communications, extract insights and provide customer-specific recommendations for sales agents.
    10. Welcome Account created a banking application with a conversational agent based on Azure OpenAI Service, in order to help people manage their finances and administrative procedures. This multilingual agent already assists no less than a thousand refugees on a daily basis.
    11. UBS is using Azure AI solutions, including Azure AI Search and Azure OpenAI Service, to power “Smart Assistants” that streamline content access and provide real-time information to Client Advisors, boosting efficiency and client engagement.
    12. Virbe enables businesses to interact with customers through AI-powered avatars, and with Azure AI services like Azure OpenAI Service and Azure AI Search, Virbe enhanced its AI avatars and simplified engagement with enterprise customers — and customers are seeing up to a 10x increase in leads.

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    1. Absa has adopted Microsoft Copilot to streamline various business processes, saving several hours on administrative tasks each day.
    2. Adobe leverages Microsoft Azure to streamline the customer experience, harnessing the power of the connected cloud services and creating a synergy that drives AI transformation across industries.
    3. Acentra Health developed Medscribe, a web application that uses Azure OpenAI Service to generate draft letters in a secure, HIPPA-compliant enclave that responds to customer appeals for healthcare services within 24 hours, reducing the time spent on each appeal letter by 50%.
    4. Air India leveraged Azure OpenAI Service to develop a virtual assistant that has handled nearly 4 million customer queries with full automation, significantly enhancing customer experience and avoiding millions of dollars in customer support costs.
    5. Alaska Airlines is using Microsoft Azure, Microsoft Defender, and GitHub to ensure its passengers have a seamless journey from ticket purchase to baggage pickup and started leveraging Azure OpenAI Service to unlock more business value for its customer care and contact centers.
    6. Ally Financial is using Azure OpenAI Service to reduce manual tasks for its customer service associates, freeing up time for them to engage with customers.
    7. BMW Group optimizes the customer experience connecting 13 million active users to their vehicles with the MyBMW app on Azure, which supports 450 million daily requests and 3.2TB data processing.
    8. Boyner has tripled its e-commerce performance using Microsoft Azure, seeing a rise in customer satisfaction, engagement, conversion rate and revenue.
    9. Bradesco Bank integrated Microsoft Azure to its virtual assistant, BIA, resulting in reduced response time from days to hours, improving operational efficiency and client satisfaction.
    10. Capgemini Mexico integrated GitHub Copilot to support scalable AI implementations which has led to improved customer experiences and increased efficiency.
    11. Capitec Bank uses Azure OpenAI Service and Microsoft 365 Copilot, enabling their AI-powered chatbot to assist customer service consultants in accessing product information more efficiently, saving significant time for employees each week.
    12. Cdiscount is leveraging GitHub Copilot and Azure OpenAI Service to enhance developer efficiency, optimize product sheet categorization and improve customer satisfaction.
    13. Cemex used Azure OpenAI Service to launch Technical Xpert, an AI tool used by sales agents to provide instant access to comprehensive product and customer solution information, significantly reducing search time by 80%.
    14. Chanel elevated their client experience and improved employee efficiency by leveraging Microsoft Fabric and Azure OpenAI Service for real-time translations and quality monitoring.
    15. City of Burlington created two AI-powered solutions: MyFiles system using Microsoft Power Platform for building permits, and CoBy, a 24/7 customer support assistant using Microsoft Copilot Studio.
    16. City of Madrid created an AI virtual assistant with Microsoft Azure OpenAI Service offering tourists accurate, real-time information and personalized responses in 95-plus languages.
    17. Cognizant is making performance management more effective and meaningful with Microsoft Azure Machine Learning to help clients across industries envision, build, and run innovative digital enterprises.
    18. Coles Group has leveraged Microsoft Azure to enhance its digital presence and improve customer engagement, rolling out new applications to its stores six times faster without disrupting workloads.
    19. Commercial Bank of Dubai used Microsoft Azure to upgrade its application infrastructure, improving transaction security and speed so individual customers can now open an account and start banking in about two minutes.
    20. Cradle Fund, dedicated to nurturing startups in Malaysia, introduced an AI-driven chatbot to boost user interaction and increase public engagement. User engagement quadrupled while resolution time was reduced from two days to a few clicks. Cradle also decreased customer service costs by 35%, increased international interactions by 40% and increased daily average visits 10-fold.
    21. Doctolib, a leading eHealth company in France, leverages Microsoft technology to develop an AI-powered medical assistant, integrating both Azure OpenAI Service and Mistral Large on Azure.
    22. Docusign used Azure AI to develop its Intelligent Agreement Management (IAM) platform, which supports millions of workflows, reducing contract processing times and enhancing customer satisfaction with advanced AI-powered analytics.
    23. Dubai Electricity and Water Authority has significantly improved productivity and customer satisfaction by integrating multiple Microsoft AI solutions, reducing task completion time from days to hours and achieving a 98% customer happiness rate.
    24. Elcome uses Microsoft 365 Copilot to improve the customer experience, reducing response times from 24 hours to eight hours.
    25. elunic developed shopfloor.GPT based on Azure OpenAI leading to increased productivity for customers saving 15 minutes per request.
    26. Estée Lauder Companies is leveraging Azure OpenAI Service to create closer consumer connections and increase speed to market with local relevancy.
    27. First National Bank (FNB) is using Microsoft Copilot for Sales to help bankers create professional, thoughtful emails in 13 native South African languages, to enhance customer interactions, streamline communications and reinforce its commitment to innovation and customer service.
    28. Flora Food Group migrated to Microsoft Fabric to offer more detailed and timely insights to its customers, enhancing service delivery and customer satisfaction.
    29. Groupama deployed a virtual assistant using Azure OpenAI Service that delivers reliable, verified and verifiable information, and boasts an 80% success rate.
    30. Holland America Line developed a virtual agent using Microsoft Copilot Studio that acts as a digital concierge on their website to support new and existing customers and travel advisors, which has achieved a strong resolution rate and is currently handling thousands of conversations per week.
    31. International University of Applied Sciences (IU) adopted Azure OpenAI Service to revolutionize learning with a personalized study assistant that can interact with each student just like a human would.
    32. Investec is using Microsoft 365 Copilot for Sales to enhance the bank’s client relationships, estimating saving approximately 200 hours annually ultimately boosting sales productivity and delivering personalized, seamless customer experience.
    33. Jato Dynamics used Azure OpenAI Service to automate content generation, helping dealerships save approximately 32 hours each month.
    34. Kenya Red Cross worked with Pathways Technologies to develop a mental health chatbot in Azure AI.
    35. LALIGA is delivering a seamless fan experience and AI insights with Azure Arc, using AI in Azure for optimizing match scheduling and other key operations.
    36. Legrand used Azure OpenAI Service to reduce the time to generate product data by 60% and improve customer support interactions with fast, accurate information.
    37. Linum is using Microsoft Azure to train their text-to-video models faster and more efficiently without losing performance or wasting resources.
    38. Lumen Technologies is redefining customer success and sales processes through the strategic use of Microsoft 365 Copilot, enhancing productivity, sales and customer service in the global communications sector.
    39. Mars Science & Diagnostics used the Azure AI catalog to build generative AI apps to enhance accuracy and extract data insights quickly, helping pets with critical, undiagnosed conditions receive the care they require faster.
    40. McKinsey & Company is creating an agent to reduce client onboarding process by reducing lead time by 90% and administrative work by 30%.
    41. Meesho leveraged Microsoft’s Azure OpenAI Service and GitHub Copilot to enhance customer service and software development, resulting in a 25% increase in customer satisfaction scores and 40% more traffic on customer service queries.
    42. Milpark Education integrated Microsoft Copilot and Copilot Studio and in just four months, improved efficiency and accuracy of student support, decreasing the average resolution time by 50% and escalation time by more than 30%.
    43. National Basketball Association is using Azure OpenAI Service to speed up the time to market, helping fans connect with the league with personalized, localized insights to enhance the fan experience.
    44. NC Fusion chose a comprehensive Microsoft solution to make marketing engagement activities easier and accurately target the best audience segments.
    45. Medgate, a telehealth subsidiary of Otto Group developed a medical Copilot powered by Azure OpenAI which summarizes consultations, supports triage and provides real-time translations.
    46. Orbital Witness embraced the use of large language models (LLMs) in Azure OpenAI to build its innovative AI Agent application, Orbital Copilot, which can save legal teams 70 percent of the time it takes to conduct property diligence work.
    47. Pacific Gas & Electric built a chatbot using Microsoft Copilot Studio that saves $1.1 million annually on helpdesk support.
    48. Parloa took a “voice-first” approach and created an enterprise-grade AI Agent Management platform to automate customer interactions across phone, chat and messaging apps.
    49. Pockyt is using GitHub Copilot and anticipates a 500% increase in productivity in the medium to long term as they continue adapting AI and fine-tuning their software development life cycle.
    50. South Australia Department for Education launched an AI-powered educational chatbot to help safeguard students from harmful content while introducing responsible AI to the classrooms.
    51. Sync Labs is using Microsoft Azure to create AI-driven solutions that have led to a remarkable 30x increase in revenue and a 100x expansion of their customer base.
    52. Syndigo is using Azure to accelerate digital commerce for its customers by more than 40% and expand its customer base.
    53. Telkomsel created a virtual assistant with Azure OpenAI Service, resulting in a leap in customer self-service interactions from 19% to 45%, and call volume dropped from 8,000 calls to 1,000 calls a day.
    54. Torrens University chose to use Azure OpenAI to uplift its online learning experience, saving 20,000 hours and $2.4 million in time and resources.
    55. Trusting Social integrated Microsoft Azure services to launch AI-driven agents that are changing how banks function and transforming their customer’s banking experience.
    56. University of California, Berkeley used Azure OpenAI Service to deploy a custom AI chatbot that supports student learning and helps students with complex coursework.
    57. University of Sydney created a self-serve AI platform powered by Azure OpenAI Service, to enable faculty to build custom chatbots for enhancing student onboarding, feedback, career simulation and more.
    58. Van Lanschot Kempen is using Microsoft 365 Copilot to reduce the time needed for daily tasks, freeing up time to invest in that crucial personal connection.
    59. Virgin Money built an award-winning virtual assistant using Copilot Studio to help build customers’ confidence in their digital products and services.
    60. VOCALLS automates over 50 million interactions per year, resulting in a 78% reduction in average handling time aside from a 120% increase in answered calls.
    61. Vodafone Group is leveraging Microsoft’s AI solutions, including Azure AI Studio, OpenAI Service, Copilot and AI Search, to achieve a 70% resolution rate for customer inquiries through digital channels and reduce call times by at least one minute.
    62. Walmart is using Azure OpenAI Service to deliver a helpful and intuitive browsing experience for customers designed to serve up a curated list of the personalized items a shopper is looking for.
    63. Weights & Biases created a platform which runs on Microsoft Azure that allows developers to keep records, log successes and failures and automate manual tasks.
    64. World2Meet is providing better customer service and operations with a new virtual assistant powered by Microsoft Azure.
    65. Xavier College is modernizing its student information systems on Microsoft Dynamics 365 and Microsoft Azure to unlock powerful insights, fostering innovation and data-driven decision making.
    66. Zavarovalnica Triglav implemented Microsoft Dynamics 365 and Azure OpenAI Service to streamline its operations with automated responses and smart rerouting of customer enquiries.
    67. Zurich Insurance Group used Azure OpenAI Service to develop advanced AI applications that led to more accurate and efficient risk assessment evaluations, accelerating the underwriting process, reducing turnaround times and increasing customer satisfaction.

    Reshaping business process

    Transforming operations is another way generative AI is encouraging innovation and improving efficiency across various business functions. In marketing, it can create personalized content to truly engage different audiences. For supply chain management, it can predict market trends so companies can optimize their inventory levels. Human resources departments can speed up the hiring process, while financial services can use it for fraud detection and risk assessments. With generative AI, companies are not just refining their current processes, they’re also discovering exciting new growth opportunities.

    New Stories:

    1. Bank of Queensland is modernizing its operations with Azure, Microsoft 365 and Microsoft 365 Copilot, using AI to optimize business processes such as creating marketing content, building reports and plans and drafting HR content.
    2. Document360 created an AI-powered knowledge base and service platform for companies to create, manage and publish online documentation, including product manuals, SOPs and wikis.
    3. Eduvos is simplifying the student enrollment experience with Microsoft Azure and Dynamics 365, reducing the time from 90 days to nearly instantaneous and associated costs by 90%.
    4. Emirates Global Aluminum (EGA) uses Azure Local to support its digital manufacturing platform, including support for safety-critical applications that use AI. Through its hybrid Azure environment, EGA has achieved 10 to 13 times faster AI response time and 86% cost savings for AI image and video use cases.
    5. Hellenic Cadastre built a system that reads and categorizes property contracts, applies legal rules and provides assessments for approval using Azure OpenAI Service. Today, property transaction assessments take less than 10 minutes instead of hours, reducing costs from 15 euros to 0.11 euros per assessment. The system also enhanced property owners’ legal security and boosted the Greek economy by enabling transactions to be completed sooner.
    6. Startup legal-i is using AI to analyze unstructured data and help expensive insurance specialists make better decisions faster — speeding up healthcare and insurance processes and improving the accuracy of outcomes.
    7. Publishing company SHUEISHA Inc. is using Microsoft Security Copilot to enable faster incident response, boosting the confidence and effectiveness of cybersecurity personnel.
    8. thyssencrupp is using the Siemens Industrial Copilot, built on Azure OpenAI Service, to address a skilled labor gap while revolutionizing how it programs and operates machinery.
    9. U.S. AutoForce implemented Dynamics 365 Supply Chain Management to centralize warehouse data, connect processes and improve operational efficiency while using Microsoft Copilot for Finance to automate monthly reconciliations.

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    1. ABB Group integrated Azure OpenAI Service into their Genix Copilot platform enabling customers to achieve up to 30% savings in operations and maintenance, 20% improvement in energy and emission optimization and an 80% reduction in service calls.
    2. Accelleron used Microsoft Power Platform to support numerous business applications and simplify processes for service agents and employees, resulting in the onboard of new agents in 30 minutes, compared to two days for other solutions.
    3. Accenture developed an AI-powered financial advisor that leverages RISE with SAP on Microsoft Azure to enhance their infrastructure and integrate financial data.
    4. Atomicwork leverages Azure OpenAI to bring together three power capabilities: a conversational assistant, a modern service management system and a workflow automation platform.
    5. Blink Ops fully embraced generative AI to build the world’s first Security Automation Copilot with more than 8,000 automated workflows to help any Security/IT task through prompts.
    6. Chalhoub Group is using Microsoft Fabric to modernize its data analytics and streamline its data sources into one platform, increasing agility, enhancing analytics and accelerating processes.
    7. Cineplex is developing innovative automation solutions for finance, guest services and other departments, saving the company over 30,000 hours a year in manual processing time.
    8. ClearBank moved its services to Microsoft Azure to gain scalability and efficiency, pushing out 183% more monthly system releases, gaining both scalability and efficiency.
    9. Danske Statsbaner increases productivity up to 30% with help from Microsoft AI solutions.
    10. Dentsu implemented Microsoft Azure AI Foundry and Azure OpenAI Service to build a predictive analytics copilot that supports media insights, cutting analysis time by 80% and overall time to insight by 90%, reducing analysis costs.
    11. Dow implemented Microsoft 365 Copilot to empower teams with AI-driven insights and streamline essential workflows by automating tasks across departments, saving millions of dollars on shipping operations in the first year.
    12. Eastman implemented Microsoft Copilot for Security realizing the benefits of accelerated upskilling, step-by-step guidance for response and faster threat remediation.
    13. Fast Shop migrated to Microsoft Azure creating a self-service culture of access to data, eliminating delays, reducing costs and increasing leadership satisfaction with data while providing more agility in reporting.
    14. Florida Crystals adopted a value-added solution across Microsoft products including Microsoft 365 Copilot to reduce telecom expenses and automate industrial process controls.
    15. GHD is reinventing the RFP process in construction and engineering with Microsoft 365 Copilot.
    16. GovDash is a SaaS platform that leverages artificial intelligence to streamline the entire business development life cycle for government contracting companies using Azure OpenAI.
    17. Grupo Bimbo is deploying Microsoft’s industrial AI technologies to modernize its manufacturing processes, optimizing production and reducing downtime, driving significant cost savings, and empowering global innovation.
    18. Insight Canada implemented Microsoft 365 Copilot to streamline business operations, with 93% of users realizing productivity gains in functions including sales, finance and human resources.
    19. Intesa Sanpaolo Group enhanced its cybersecurity with AI-enabled Microsoft Sentinel and Microsoft Copilot for Security, resulting in faster threat detection, increased productivity and reduced storage costs.
    20. Kaya deployed a custom implementation of Microsoft Dynamics 365 and Power BI to modernize its supply chain, leading to enhanced visibility, improved planning and streamlined inter-department operations.
    21. Lenovo leveraged Dynamics 365 Customer Service to rapidly manage customer inquiries by streamlining repetitive tasks, boosted agent productivity by 15%, reduced handling time by 20% and reached record-high customer satisfaction.
    22. Lionbridge Technologies, LLC is using Microsoft Azure and Azure OpenAI Service to accelerate its delivery times and improve quality, reducing project turnaround times by up to 30%.
    23. LTIMindtree integrated Microsoft Copilot for Security, offering automated incident response, integrated threat intelligence and advanced threat analysis.
    24. Mania de Churrasco used Microsoft Azure, Power Platform and Microsoft 365 to achieve high efficiency, security and scalability in its operations, in addition to improving its data intelligence, which indirectly participated in a 20% increase in sales year on year.
    25. National Bank of Greece built an Azure-powered Document AI solution to transform its document processing, improving the bank’s accuracy to 90%.
    26. Nest Bank has revolutionized its operations by integrating Microsoft 365 Copilot and Azure OpenAI Service, resulting in doubled sales and increased daily transactions from 60,000 to 80,000, showcasing the transformative impact of generative AI in the financial sector.
    27. Network Rail modernized their data analytics solution with Microsoft Azure, helping engineers understand data 50% faster than before and improve efficiency, passenger experiences and safety — all while saving costs.
    28. Nsure developed an AI-powered agent that uses Copilot Studio and Power Automate to reduce manual processing time by 60% while also reducing associated costs by 50%.
    29. Oncoclínicas implemented Microsoft Azure to transform its entire data ecosystem with a web portal and mobile application that performs all image processing and storage.
    30. Operation Smile used Azure OpenAI Service, Fabric and Power Apps to eliminate manual data entry, resulting in reduced translation errors by about 90% and the time required for completing reports from four to five hours to just 15 to 20 minutes.
    31. Pacifico Seguros has adopted Microsoft Copilot for Security to optimize its security operations and anticipate and neutralize threats more efficiently and effectively.
    32. Parexel adopted Azure Databricks and Microsoft Power BI, achieving an 85% reduction in data engineering tooling costs, a 30% increase in staff efficiency and a 70% reduction in time to market for data product delivery.
    33. Paysafe used Microsoft 365 Copilot to streamline meetings, information management and document creation, addressing language barriers, eliminating time-consuming tasks and boosting creativity along the way.
    34. Planted is integrating Azure OpenAI to manage everyday tasks more efficiently and facilitate the search for information for innovative process development.
    35. Presidio realized dramatic productivity gains saving 1,200 hours per month on average for the employees using Microsoft 365 Copilot and created 70 new business opportunities.
    36. Qatar Charity used Copilot Studio to increase its call center efficiency, reducing average handle time by 30%, increased customer satisfaction by 25%, and achieved a 40% reduction in IT maintenance costs.
    37. Saphyre uses Microsoft Azure and AI to provide an intelligent cloud-based solution that automates and streamlines financial trading workflows around client and counterparty life cycle management, reducing manual efforts by 75%.
    38. StarKist Foods used Azure to effectively unite production and demand processes with finance, reducing the planning cycle from 16 hours to less than one.
    39. Swiss International Air Lines migrated and modernized with Microsoft Azure, achieving up to 30% cost savings, a remarkable boost in platform stability along with enhanced security visibility.
    40. ZEISS Group uses Microsoft Fabric to create a secure and trusted data supply chain that can be shared effortlessly across a range of business units.
    41. ZF Group builds manufacturing efficiency with over 25,000 apps and 37,000 unique active users on Power Platform.

    Bending the curve on innovation

    Generative AI is revolutionizing innovation by speeding up creative processes and product development. It’s helping companies come up with new ideas, design prototypes, and iterate quickly, cutting down the time it takes to get to market. In the automotive industry, it’s designing more efficient vehicles, while in pharmaceuticals, it’s crafting new drug molecules, slashing years off R&D times. In education, it transforms how students learn and achieve their goals. Here are more examples of how companies are embracing generative AI to shape the future of innovation.

    New Stories:

    1. Agricultural Development Trust (ADT) of Baramati is analyzing water, weather, nutrient, pH data and more with AI to increase crop yields in India.
    2. DrumBeat.AI is using Microsoft AI services to predict, identify and treat ear diseases in communities that are both rural and remote, helping to prevent hearing loss among Indigenous communities in Australia.
    3. Dynamic Health Systems created its VitruCare365® platform on the Microsoft Cloud for healthcare technologies to enable motivational care planning. Built on Microsoft Azure, FHIR (Fast Healthcare Interoperability Resources) and Dynamics 365, it provides personalized apps powered by Azure OpenAI Service to each patient and is deployed as an extension to the Microsoft 365 tools clinicians use every day.
    4. Cities can use Esri’s ArcGIS geospatial platform to create environmental digital twins that simulate heavy rainfall and apply hot spot analysis to highlight flooding. Adding Azure AI to the geospatial digital twin will reveal insights in impossible amounts of data.
    5. Digital employment agency Gojob developed Aglae, a virtual assistant based on Azure OpenAI Service, to pre-qualify candidates within 15 minutes, enabling recruiters to achieve record employment placement rates.
    6. Institut Curie and Microsoft partner Witivio developed Copilot for Researcher, an agent that can help researchers with some of the administrative tasks in their jobs so they have more time to spend on actual new ideas in the fight against cancer.
    7. NASA created Earth Copilot to transform how people interact with Earth’s data.
    8. Parity is helping women athletes use data and AI to help improve their well-being, performance and careers.
    9. Petbarn created “PetAI” using Azure OpenAI Service, Azure AI Search and Azure App Service to provide Australian pet owners highly personalized advice and product recommendations.
    10. Project Guacamaya is using daily satellite images and various AI models tailored to the Amazon ecosystem to help prevent its deforestation, allowing for quicker action to be taken in at-risk areas.
    11. Properstar developed a solution to simplify the analysis of unstructured real estate data and create a dynamic, AI-powered filtering system that provides more nuanced search results.
    12. RadarFit is using generative AI and a unique gamification strategy to encourage healthy habits in Brazil, with a comprehensive health and wellness program aimed at helping companies reduce chronic disease rates.
    13. SEDUC is using Microsoft 365 Copilot for administrative tasks — such as generating legal documents and handling administrative inquiries — and has expanded to include AI usage with students and teachers, including personalized learning to cater to individual student needs and help them recover from learning losses during the pandemic.
    14. Indonesia’s Universitas Terbuka used Microsoft Azure OpenAI services and Azure AI Foundry to build an AI tutor that delivers accurate, curriculum-aligned responses and streamlines student assessment. The tutor currently supports 500 classes and some 100,000 students.
    15. World Traveler is using AI including Microsoft Reading Progress and Microsoft Immersive Reader to help teachers reach its globally and educationally diverse students with personalized learning experiences.
    16. South Korean startup Wrtn Technologies brings ATI close to people, with a “superapp” that compiles an array of AI use cases and services, but localized for Korean users to integrate AI into their everyday lives.

    ————————————————————————————————————————–

    1. Air India has incorporated Microsoft 365 Copilot into multiple departments, unlocking a new realm of operational insights that not only provides critical data on flight punctuality and operational hurdles, but also empowers proactive, collaborative decision making.
    2. Agnostic Intelligencedeployed Azure OpenAI Service to eliminate time-consuming tasks, saving users up to 80% of their time, and enabling IT managers to focus on innovation and quality assurance.
    3. Albert Heijn is using Azure OpenAI for everything from customer personalization to demand forecast and food waste projects, making it easier for its customers to change their lifestyle.
    4. Amgen is using Microsoft 365 Copilot to boost productivity and has the potential to speed up drug development and support advancements in their business processes.
    5. APEC leverages Microsoft Azure and deep neural network algorithms to develop an app that enables healthcare providers to capture retinal images, increasing the accuracy to identify Retinopathy of Prematurity (RoP) to 90%.
    6. ASOS is using Azure AI Studio to help customers discover new looks with genuine shopping insights, personalized conversations, naturalism and even humor to enliven the shopping journey.
    7. Auburn University is incorporating Microsoft Copilot to promote AI literacy, accessibility and collaboration, with the aim to expand educational and economic opportunities for its entire academic community with AI-centric tools.
    8. B3 launched an AI assistant using Azure OpenAI Service that aids 10,000 users a day to answer Brazilians’ questions about how to start investing.
    9. Basecamp Research aims to build the world’s largest database of national biodiversity and apply AI and machine learning to advance bioscience.
    10. Bayer is using Microsoft Copilot to contribute to feeding a growing global population and helping people lead healthier, disease-free lives.
    11. BMW AG implemented Azure AI to develop a mobile data recorder copilot for faster data management helping engineers reduce the lead time for insights from days to hours or sometimes minutes.
    12. Brembo leveraged Azure OpenAI to develop ALCHEMIX, a solution to generate innovative compounds for its brake pads, drastically reducing the development time of new compounds from days to mere minutes.
    13. Canary Speech can now train new vocal models in as little as two months and handle millions of transactions per month with Microsoft Azure.
    14. CapitaLand simplified internal processes increasing efficiency to more than 10,000 man-days saved per year and deployed Azure OpenAI Service to build the first AI hospitality chatbot for its lodging business.
    15. Cassidy is using Azure OpenAI Service to enhance efficiency across various industries, supporting over 10,000 companies.
    16. Coca-Cola is implementing Azure OpenAI Service to develop innovative generative AI use cases across various business functions, including testing how Microsoft 365 Copilot could help improve workplace productivity.
    17. Denso is developing “human-like” robots using Azure OpenAI Service as the brain to help robots and humans work together through dialogue.
    18. eFishery is using Azure OpenAI for farmers to get the data and insights on fish and shrimp farming, including more precise feeding and water quality monitoring.
    19. EY developed an application that automatically matches and clears incoming payments in SAP, resulting in an increase from 30% to 80% in automatically cleared payments and 95% matched payments, with estimated annual time savings of 230,000 hours globally.
    20. EY worked with Microsoft to make Azure AI Foundry more inclusive for all, serving the 20% of the global workforce identifying as neurodivergent.
    21. FIDO is using Azure OpenAI Service to develop an AI tool that uses sound to pinpoint leaky pipes, saving precious drinking water.
    22. Georgia Tech is using Azure OpenAI Service to enhance the electric vehicle (EV) charging infrastructure, achieving rapid data classification and predictive modeling, highlighting the reliability of networked chargers over non-networked ones.
    23. GigXR developed a solution to create the intelligence for specific AI patients using Microsoft Azure OpenAI Service and other Azure services.
    24. GoTo Group is significantly enhancing productivity and code quality across its engineering teams by adopting GitHub Copilot, saving over seven hours per week and achieved a 30% code acceptance rate.
    25. GovTech used Microsoft Azure OpenAI Service to create LaunchPad, sparking more than 400 ideas and 20 prototypes, laying the foundation for the government to harness the power of generative AI.
    26. H&R Block is using Azure AI Studio and Azure OpenAI Service to build a new solution that provides real-time, reliable tax filing assistance.
    27. Haut.AI provides skin care companies and retailers with customizable, AI-based skin diagnostic tools developed with the help of Microsoft AI.
    28. Helfie is building a solution that caters to healthcare providers who can arm their patients with an application to more quickly and accurately access the care they need.
    29. Hitachi will implement Azure Open AI Service, Microsoft 365 Copilot and GitHub Copilot to create innovative solutions for the energy, mobility and other industries.
    30. Icertis is providing AI-based tools that will recognize contract language and then build algorithms to automatically choose the right approach based on the content of the contract.
    31. Iconem leveraged AI-generated imagery to process and analyze a vast amount of photogrammetry data used to create the 3D digital twin of St. Peter’s Basilica, allowing visitors to explore every intricate detail from anywhere in the world.
    32. ITOCHU is using Azure OpenAI Service and Azure AI Studio to evolve its data analytics dashboard into a service that provides immediate recommendations by automatically creating evidence-based product proposals.
    33. IU International University of Applied Sciences (IU) is using the power of Azure OpenAI Service to develop Syntea, an AI avatar integrated into Microsoft Teams and Microsoft 365 Copilot, making learning more personalized, autonomous and flexible.
    34. Khan Academy has partnered with Microsoft to bring time-saving and lesson-enhancing AI tools to millions of educators.
    35. Lufthansa Group developed an animated 3D avatar called Digital Hangar to help guide passengers from initial travel inspiration to flight booking through an exchange with an Avatar in natural language.
    36. Mia Labs implemented Azure OpenAI to produce and protect its conversational AI virtual assistant Mia that provides fast support from investors, along with the sophisticated security posture and threat protection capabilities for AI workloads.
    37. Mitsubishi Heavy Industries is using Azure OpenAI Service to help accelerate digital innovation in power plants.
    38. Molslinjen has created an AI analytics toolbox that has reduced fuel emissions, improved customer satisfaction and brought in millions of additional revenue.
    39. New Sun Road implemented AI into a local controller for energy systems to balance the supply, storage and use requirements. This optimized loads to accelerate the deployment of renewable energy for local clean power for communities.
    40. Novo Nordisk recently published initial results with predictive AI models for advanced risk detection in cardiovascular diseases, including an algorithm that can predict patients’ cardiovascular risk better than the best clinical standards.
    41. Ontada implemented Azure AI and Azure OpenAI Service to target nearly 100 critical oncology data elements across 39 cancer types and now accesses an estimated 70% of previously unanalyzed or unused information, accelerating its life science product development, speeding up time to market from months to just one week.
    42. Paige.AI is using AI and Microsoft Azure to accelerate cancer diagnoses with data from millions of images.
    43. Pets at Home created an agent to help its retail fraud detection team investigate suspicious transactions.
    44. Plan Heal is using Microsoft AI to create solutions that enable patients to monitor and report health metrics so care providers can better serve them.
    45. Pacific Northwest National Laboratory (PNNL) is testing a new battery material that was found in a matter of weeks, not years, as part of a collaboration with Microsoft.
    46. Rijksmuseum is harnessing the power of Copilot to make art accessible at scale by joining forces with Microsoft to improve and expand the art experience for blind and low-vision community members.
    47. Royal National Institute of Blind People is using Azure AI services to develop an AI-based solution that quickly and accurately converts letters to braille, audio, and large print formats.
    48. Schneider Electric provides productivity-enhancing and energy efficiency solutions and is using a whole suite of AI tools to hasten its own innovation and that of its customers.
    49. SPAR ICS created an award-winning, AI-enabled demand forecasting system achieving 90% inventory prediction accuracy.
    50. SustainCERT deployed GenAI and machine learning for automated data verification, extraction from documents and to accelerate auditing processes to enable verifying the impacts and credibility of carbon credits.
    51. Suzuki Motor Corporation is adopting Azure OpenAI Service for data security, driving company-wide use with five multipurpose apps.
    52. Tecnológico de Monterrey created a generative AI-powered ecosystem built on Azure OpenAI Service with the goal to personalize education based on the students’ needs, improve the learning process, boost teachers’ creativity and save time on tedious tasks.
    53. TomTom is using Azure OpenAI Service, Azure Cosmos DB and Azure Kubernetes Service to revolutionize the driver experience.
    54. Toyota is deploying AI agents to harness the collective wisdom of engineers and innovate faster in a system named “O-Beya,” or “big room” in Japanese. The “O-Beya” system currently has nine AI agents — from a Vibration Agent to a Fuel Consumption Agent.
    55. Unilever is partnering with Microsoft to identify new digital capabilities to drive product innovation forward, from unlocking the secrets of our skin’s microbiome to reducing the carbon footprint of a multibillion-dollar business.
    56. Unity used Microsoft Azure OpenAI Service to build Muse Chat, an AI assistant that can guide creators through common questions and help troubleshoot issues to make game development easier.
    57. University of South Florida is using Microsoft 365 Copilot to alleviate the burden of repetitive, time-consuming tasks so faculty and staff can spend this time creatively solving problems, conducting critical research, establishing stronger relationships with peers and students and using their expertise to forge new, innovative paths.
    58. Utilidata built the first distributive AI and accelerated computing platform for the electric grid allowing flexible transformation and dynamic infrastructure to increase electrification and decarbonization.
    59. Visma has developed new code with GitHub Copilot, Microsoft Azure DevOps and Microsoft Visual Studio as much as 50 percent faster, contributing to increased customer retention, faster time to market and increased revenue.
    60. Wallenius Wilhelmsen is implementing Microsoft 365 Copilot and using Microsoft Viva to drive sustainable adoption, streamlining processes, empowering better decision making and cultivating a culture of innovation and inclusion.
    61. Wipro is committed to delivering value to customers faster and improving the outcomes across the business by investing $1 billion in AI and training 200,000 employees on generative AI principles with Microsoft Copilot.

    Read more:

    IDC InfoBrief: sponsored by Microsoft, 2024 Business Opportunity of AI, IDC# US52699124, November 2024

    Tags: AI, AI Azure, Azure OpenAI Service, Copilot, Copilot Studio, Microsoft 365 Copilot

    MIL OSI Economics

  • MIL-OSI Europe: Answer to a written question – Allocation of fishing quotas in EU-Morocco agreement – E-001901/2024(ASW)

    Source: European Parliament

    For all Sustainable Fisheries Partnership Agreements (SFPAs), the Commission is required to conduct an ex post evaluation when a protocol expires, as well as an ex ante evaluation setting out recommendations for a new SFPA implementing protocol.

    As part of this process, the Commission consults all stakeholders, including industry, in particular through the Long Distance Advisory Council. All evaluations are sent to the European Parliament and published on the website of the Publications Office of the European Union.

    The negotiating guidelines proposed by the Commission for adoption by the Council are based on these recommendations. They take the requirements of the European fleet fully into account, while ensuring compliance with the provisions of the United Nations Convention on the Law of the Sea, particularly when it comes to defining surplus.

    Negotiations with the partner country determine the outcome of any fisheries agreement that is ultimately signed. The fishing opportunities that are negotiated are then allocated to the Member States by means of a Council Regulation.

    With regard to the fisheries agreement with Morocco, the last implementing protocol expired in July 2023 and the corresponding evaluation has been published[1].

    The Commission has taken note of the judgments handed down by the Court of Justice of the European Union[2] on the appeals brought against the judgment of the General Court of 29 September 2021, and is currently analysing them in detail.

    • [1] https://data.europa.eu/doi/10.2771/785958
    • [2] C-778/21 P, C-798/21 P, C-779/21 P and C-799/21.
    Last updated: 5 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Social and economic impact of reducing fishing days in the Mediterranean – E-002797/2024(ASW)

    Source: European Parliament

    The Commission proposal for the 2025 fishing opportunities under the legislative framework of the Western Mediterranean management plan[1] (MAP) is based on the best available scientific advice provided by the Scientific, Technical and Economic Committee for Fisheries[2] (STECF).

    The advice showed that several of the stocks concerned by the MAP are outside of safe biological limits and important catch reductions are needed for the stocks to recover.

    The MAP’s aim is to secure a sustainable and profitable future for the sector relying on healthy fish stocks. While the fishing opportunities adopted by the Council have gradually reduced the trawling effort since 2020, numerous flexibilities alleviated the total reduction, such as the recovered fishing days granted by the compensation mechanism.

    European financial assistance is available to those fishers who opt in. For 2025, the Council adopted the fishing effort reductions proposed by Commission, together with an expanded compensation mechanism based on conservation measures. The Commission will continue working with the Member States and the fishing sector for the implementation of the MAP.

    The socioeconomic specificities of the Western Mediterranean fisheries were considered during the negotiations of the MAP, and the co-legislators agreed to postpone the binding rule for Maximum Sustainable Yield to 2025[3].

    The Commission has worked based on STECF socioeconomic analyses that conclude how ambitious management measures will rapidly pay off with more healthy stocks and increased sector profitability.

    The Commission worked with all stakeholders to implement gradually the MAP and has continuously recommended a broad range of measures[4] to help with its implementation .

    • [1] Regulation (EU) 2019/1022 of the European Parliament and of the Council of 20 June 2019 establishing a multiannual plan for the fisheries exploiting demersal stocks in the western Mediterranean Sea and amending Regulation (EU) No 508/2014. OJ L 172, 26.6.2019, p. 1-17.
    • [2] STECF Expert Working Group EWG 24-10 (https://stecf.jrc.ec.europa.eu/documents/d/stecf/tors_ewg_24-10) and STECF Expert Working Group EWG 24-12 (https://stecf.jrc.ec.europa.eu/documents/d/stecf/ewg_24-12_tor_westmed_fisheries-management).
    • [3] A 5-year derogation compared to other sea basins, for which the legal requirement to achieve sustainable fisheries had to be achieved by 2020 at the latest.
    • [4] Measures supported by the European Maritime, Fisheries and Aquaculture Fund (EMFAF).
    Last updated: 5 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Consequences of the EU-Thailand free trade agreement for the canning industry – E-002642/2024(ASW)

    Source: European Parliament

    The Commission takes note of the concerns raised by the Honourable Member about the potential impact of a future Free Trade Agreement (FTA) with Thailand on the EU tuna processing industry.

    In line with the overall EU approach to trade and investment agreements, also in the negotiations with Thailand the Commission aims at reaching a comprehensive deal that can bring growth opportunities for the EU economy and employment as a whole.

    In the negotiating rounds held so far, the EU and Thai negotiating teams have focused on advancing on the consolidation of the texts establishing the normative framework for the future trade relations, and have not yet discussed the treatment for individual products.

    Detailed and sector specific market access negotiations will start in the coming months, and will include consultations with relevant stakeholders in line with the usual EU practice for FTA negotiations.

    As in all FTA processes, economically sensitive sectors are subject to carefully designed specific modalities for market access which aim at preventing any market disturbances.

    Furthermore, as the negotiations enter a more advanced stage, a sustainability impact assessment will be carried out in support of the negotiations in order to provide an in-depth analysis of their potential economic, social, human rights, and environmental impacts.

    Last updated: 5 February 2025

    MIL OSI Europe News

  • MIL-OSI Europe: At a Glance – EU fisheries agreement with Cabo Verde: Conclusion of a new protocol (2024-2029) – 05-02-2025

    Source: European Parliament

    During the February plenary session, Parliament is due to vote on giving its consent to the conclusion of a new protocol implementing the EU fisheries agreement with the Republic of Cabo Verde. The protocol allows EU vessels to fish for tuna in Cabo Verdean waters and provides support to the development of Cabo Verde’s fisheries.

    MIL OSI Europe News

  • MIL-OSI Europe: Written question – Ban on the use of hijabs in schools – E-000332/2025

    Source: European Parliament

    Question for written answer  E-000332/2025
    to the Commission
    Rule 144
    Silvia Sardone (PfE)

    Following an appeal by the families of three Muslim students from Flanders, the European Court of Human Rights ruled in May 2024 that the wearing of visible religious symbols at school, such as the hijab, can be banned. The same court also ruled in 2023 that, as part of a policy of neutrality, the use of symbols such as the hijab can be banned in public places. All too often we see girls in hijabs at schools in Europe, having been forced by their fathers to wear them, even though they have obviously not been through puberty yet. If, as they say, wearing a headscarf is a free and conscious choice, it is clear that it cannot be made by a child at nursery or primary school. Unfortunately, the hijab is increasingly often being used as an instrument to oppress and subjugate women.

    In the light of the above:

    • 1.Does the Commission plan to pursue proposals to ban the use of hijabs or conspicuous religious symbols in schools?
    • 2.Has the Commission proceeded with legislative and communication measures to limit the imposition of the Islamic headscarf and to defend the rights of Muslim women?
    • 3.Why does it use the hijab in some official communications?

    Submitted: 26.1.2025

    Last updated: 5 February 2025

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: English rendering of PM’s reply to the Motion of Thanks on the President’s Address in Lok Sabha

    Source: Government of India

    Posted On: 04 FEB 2025 8:57PM by PIB Delhi

    Respected Chairman,

    I am present here to express my gratitude to the address of the honourable President. Yesterday and today till late at night, all the honourable MPs enriched this motion of thanks with their views. Many honourable experienced MPs also expressed their views, and naturally, as is the tradition of democracy, where there was need, there was praise, where there was a problem, there were some negative things, but this is very natural! Mr. Speaker, it is a great fortune for me that the people of the country have given me the opportunity to sit at this place for the 14th time and express my gratitude to the address of the President, and therefore, today I want to express my gratitude to the people with great respect, and I also express my gratitude to all those who participated in the discussion in the House and enriched the discussion.

    Respected Chairman,

    We are in 2025, in a way 25% of the 21st century has already passed. Time will decide what happened in the 20th century after independence and in the first 25 years of the 21st century, and how it happened, but if we study this President’s address closely, it is clearly visible that the President has told the country about the next 25 years and a new confidence-building speech for a developed India. In a way, this speech of the respected President is going to strengthen the resolve for a developed India, create new confidence and inspire the general public.

    Respected Chairman,

    All the studies have repeatedly said that in the last 10 years, the people of the country have given us a chance to serve them. 25 crore countrymen have come out of poverty by defeating the poverty.

    Respected Chairman,

    For five decades you have heard slogans of eradicating poverty and now 25 crore poor people have come out after defeating poverty. It does not happen just like that. It happens when one spend one’s life for the poor in a planned manner with full sensitivity and dedication.

    Respected Chairman,

    When people connected to the land spend their lives on the land while knowing the truth about the land, then change on the land is certain.

    Respected Chairman,

    We have not given false slogans to the poor, we have given them true development. The pain of the poor, the suffering of the common man, the dreams of the middle class are not understood just like that. Respected Chairman, this requires passion and I have to say with sadness that some people do not have it.

    Respected Chairman,

    How difficult it is to live under a thatched roof with plastic sheets during the rainy season. There are moments when dreams are crushed every moment. Not everyone can understand this.

    Respected Chairman,

    Till now the poor have got 4 crore houses. Those who have lived that life do not understand what it means to get a house with a concrete roof.

    Respected Chairman,

    When a woman is forced to defecate in the open, she can either go out before sunrise or after sunset after facing a lot of difficulties to do this small daily ritual, such people cannot understand what trouble she has to go through, respected chairman.

    Respected Chairman,

    We have solved the problems of our sisters and daughters by building more than 12 crore toilets. Respected Chairman, these days there is a lot of discussion in the media. It is happening more on social media. Some leaders are focusing on Jacuzzi and stylish showers in homes, but our focus is on providing water to every home. After 75 years of independence, 70-75% of the country’s population, i.e. more than 16 crore households, did not have tap water connection. Our government has provided tap water to 12 crore families in 5 years and that work is progressing rapidly.

    Respected Chairman,

    We have done so much work for the poor and because of this, the honourable President has described it in detail in his speech. Those who keep themselves entertained by having photo sessions in the huts of the poor will find it boring to talk about the poor in the Parliament.

    Respected Chairman,

    I can understand their anger. Respected Chairman, identifying the problem is one thing but if there is a responsibility then you cannot leave it after identifying the problem, you have to make dedicated efforts to solve it. We have seen, and you must have seen our work of the last 10 years and also in the President’s address, our effort is to solve the problem and we make dedicated efforts.

    Respected Chairman,

    There used to be a Prime Minister in our country, it had become a fashion to call him Mr. Clean. It had become fashionable to call the Prime Minister Mr. Clean. He had identified a problem and he had said that if 1 rupee comes out from Delhi, then only 15 paise reaches the village. Now at that time, from the Panchayat to the Parliament, there was rule of one party, from the Panchayat to the Parliament, there was rule of one party and at that time he had publicly said that 1 rupee comes out and 15 paise reaches. It was an amazing kind of sleight of hand. Even a common man of the country can easily understand to whom the 15 paise used to go.

    Respected Chairman,

    The country gave us an opportunity, we tried to find solutions. Our model is savings as well as development, public money for the public. We created the Gem Trinity of Jan Dhan, Aadhar and Mobile and started giving direct benefit, direct benefit transfer through DBT.

    Respected Chairman,

    During our tenure, we deposited Rs 40 lakh crore directly into the accounts of the people.

    Respected Chairman,

    Look at the misfortune of this country, how the governments were run and for whom they were run.

    Respected Chairman,

    When the fever rises, people say anything, but when along with it, frustration and despair spreads, even then they say a lot.

    Respected Chairman,

    10 crore such fake people who were not born, who had not appeared on this land of India, were taking benefit of various schemes from the government treasury.

    Respected Chairman,

    So that the right does not face injustice, without worrying about political gain or loss, we removed these 10 crore fake names and launched a campaign to find the real beneficiaries and provide help to them.

    Respected Chairman,

    When these 10 crore fake people are removed and the accounts of various schemes are calculated, then almost 3 lakh crore rupees were saved from going into wrong hands. I am not saying whose hands were involved, it was from the wrong hands.

    Respected Chairman,

    We have also made full use of technology in government procurement, brought transparency and today even state governments are using the Gem portal. The purchases made through the Gem portal cost less than what is usually made and the government has saved Rs 1,15,000 crore.

    Respected Chairman,

    Our Swachh Bharat Abhiyan was ridiculed a lot, as if we had committed a sin, a mistake. I don’t know what all was said, but today I can say with satisfaction that due to this cleanliness drive, the government has earned 2300 crore rupees in recent years from the junk sold from government offices alone. Mahatma Gandhi used to talk about the principle of trusteeship. He used to say that we are trustees, this property belongs to the people and therefore we try to save every penny on the basis of this principle of trusteeship and use it at the right place and only then 2300 crore rupees are coming into the government treasury by selling junk from the Swachh Bharat Abhiyan.

    Respected Chairman,

    We made an important decision of ethanol blending. We know that we are not energy independent and we have to import it from outside. When ethanol blending was done and our income from petrol and diesel decreased, that one decision made a difference of Rs 100000 crore and this money of almost Rs 100000 crore has gone into the pockets of farmers.

    Respected Chairman,

    I am talking about saving, but earlier the headlines of newspapers used to be, scams worth so many lakhs. Scams worth so many lakhs, scams worth so many lakhs, it has been 10 years since these scams were not committed. By not having scams, lakhs and crores of rupees of the country have been saved, which are being used in the service of the people.

    Respected Chairman,

    The various steps we have taken have saved lakhs of crores of rupees, but we have not used that money to build a palace for mirrors. We have used it to build the country. The infrastructure budget was Rs 180000 crore 10 years ago, before we came. Respected Chairman, today the infrastructure budget is Rs 11 lakh crore and that is why the President has described how the foundation of India is getting stronger. Be it roads, highways, railways or village roads, a strong foundation of development has been laid for all these works.

    Respected Chairman,

    Savings in the government treasury is one thing and that should be done as I said about trusteeship, but we have also kept in mind that the general public should also get the benefit of these savings. The schemes should be such that the public also saves and you must have seen the expenses incurred by the common man due to illness under the Ayushman Bharat Yojana. On the basis of the people who have taken its benefit till now, I would say that due to taking benefit of Ayushman Yojana, the expenses that the countrymen would have to bear from their own pockets, like this, Rs 120000 crore has been saved for the public. It is necessary that now like Jan Aushadhi Kendra, today in the middle class families, all the gentlemen are of 60-70 years of age, so it is natural that some disease or the other comes, there is also the cost of medicines, medicines are also expensive, since we have opened Jan Aushadhi Kendras, there is 80% discount and because of that, the families who have taken medicines from these Jan Aushadhi Kendras have saved nearly Rs 30000 crore on the cost of medicines.

    Respected Mr Chairman,

    UNICEF also estimates that they have done a big survey of the families whose homes have sanitation and toilets, that family has saved about Rs. 70,000 in a year. Be it the Swachhata Abhiyan, the work of building toilets, the work of providing pure water, our common families are getting  huge benefits.

    Respected Mr Chairman,

    I mentioned tap water in the beginning. There is a report from WHO, WHO says that because of getting pure tap water, the average family has saved Rs. 40000 on expenses incurred on other diseases. I am not counting much, but there are many such schemes which have saved the expenses of the common man.

    Respected Chairman,

    Free food grains are given to crores of countrymen, and the family saves thousands of rupees. PM Surya Ghar Free Electricity Scheme: Wherever this scheme has been implemented, those families are saving on an average 25 to 30 thousand rupees on electricity every year, there is saving in expenses and if there is more electricity, then they are earning money by selling it. That is, there is also saving for the common man. We had run a campaign for LED bulbs. You know that before we came, LED bulbs were sold for Rs. 400 each. We ran such a campaign that its price came down to ₹40 and because of LED bulbs there was saving of electricity and more light was also available and about 20,000 crore rupees of the countrymen were saved in this.

    Respected Chairman,

    Farmers who have used Soil Health Cards scientifically have benefited greatly and such farmers have saved Rs 30,000 per acre.

    Respected Mr Chairman,

    In the last 10 years, by reducing the income tax, we have also worked to increase the savings of the middle class.

    Respected Mr Chairman,

    Before 2014, such bombs were hurled, such bullets were fired that the lives of the countrymen were shattered. We gradually moved ahead by filling up those wounds. 200000 rupees, in 2013-14, ₹200000, only ₹200000, there was income tax exemption on that and today 12 lakh rupees are completely exempted from income tax and in the intervening period also in 2014, in 2017, in 2019, in 2023, we have been doing this continuously, healing the wounds and today the bandage that was left has also been done. If we add 75000 standard deduction to it, then after 1st April, the salaried class of the country will not have to pay any income tax up to 12.75 lakh rupees.

    Respected Chairman,

    When you were working in Yuva Morcha, you must have heard and read about a Prime Minister who used to say 21st century, 21st century almost every day. In a way, it had become a memorized phrase, it had become a catchphrase. He used to say 21st century, 21st century. When it was said so often, R K Laxman had made a great cartoon in Times of India. That cartoon was very interesting. In that cartoon, there is an airplane and a pilot. I don’t know why he liked the pilot. Some passengers were sitting and the airplane was placed on a cart and workers were pushing the cart and 21st century was written on it. That cartoon seemed like a joke at that time, but later on it proved to be true.

    Respected Mr Chairman,

    This was a sarcasm; it was a cartoon that demonstrated how disconnected from ground reality the then Prime Minister was that he was engaged in baseless talk.

    Respected Mr Chairman,

    Those who then talked about the 21st century were not even able to fulfill the needs of the 20th century.

    Respected Mr Chairman,

    Today when I see that I have got the opportunity to look closely at all the things that happened in the last 10 years, I feel very sad. We are 40-50 years late, the work which should have been done 40-50 years ago, and hence this year when the people of the country gave us the opportunity to serve from 2014, we focused more and more on the youth. We emphasized on the aspirations of the youth, we created more opportunities for the youth, we opened many sectors and due to which we are seeing that the youth of the country are waving the flag of their capabilities. We opened the space sector in the country, opened the defense sector, brought the semiconductor mission, we gave shape to many new schemes to promote innovation, completely developed the Startup India ecosystem and in this budget also, respected Chairman ji, a very important decision has been taken. Income tax exemption on income of Rs 12 lakh, this news became so big that many important things have still not been noticed by some people. That important decision has been taken; we have opened up the nuclear energy sector and the country is going to see its far-reaching positive impacts and results.

    Respected Mr Chairman,

    We are also among those who are making efforts to discuss AI, 3D printing, robotics, virtual reality and what is the significance of gaming. I have told the youth of the country that why should India not become the gaming capital of the world and the creativity capital of the world and I see that our people are working very fast. Some people use this word when it is in fashion, but for me there is no single AI, there is double AI, India has double strength, one AI is Artificial Intelligence and the other is AI Aspirational India. We started 10000 tinkering labs in schools and today the children coming out of those tinkering labs are surprising people by making robotics and in this budget, provision has been made for 50000 new tinkering labs. India is a country about whose India AI mission the whole world is very optimistic and India’s presence has gained an important place in the world’s AI platform.

    Respected Mr Chairman,

    In this year’s budget, we have talked about investment in the domain of deep tech and I believe that in order to move ahead at a fast pace in deep tech and the 21st century being a completely technology driven century, it is necessary for us that India moves ahead very fast in the field of deep tech.

    Respected Mr Chairman,

    We are constantly working keeping the youth’s future in mind, but there are some parties that are constantly cheating the youth. These parties will give this allowance or that allowance during elections, they make promises but do not fulfill them.

    Respected Mr Chairman,

    These parties have become a disaster for the future of the youth. 

    Respected Chairman,

    The country has just seen in Haryana how we work. We had promised jobs without any expenditure and without any slips. As soon as the government was formed, the youth got jobs. This is the result of what we say.

    Respected Mr Chairman,

    Grand victory for the third time in Haryana and victory for the third time in the history of Haryana, this is a historic event in itself.

    Respected Mr Chairman,

    Historical result in Maharashtra too, blessings of the people, for the first time in the history of Maharashtra the ruling party has so many seats, we have achieved this with the blessings of the people.

    Respected Mr Chairman,

    In his address, the Honourable President has also discussed in detail the completion of 75 years of our Constitution.

    Respected Mr Chairman,

    Apart from the clauses in the constitution, there is also a spirit of the constitution and to strengthen the constitution, the spirit of the constitution has to be lived and today I want to explain this with examples. We are the people who live the constitution.

    Respected Mr Chairman,

    It is true that in our country, when the President addresses the House, he gives details of the government’s tenure for that year. Similarly, in the state, when the Governor addresses the House, he gives details of the activities of that state. What is the spirit of the Constitution and democracy? When Gujarat completed 50 years, we were celebrating its Golden Jubilee Year and luckily I was serving as the Chief Minister at that time, we took an important decision. We decided that in this Golden Jubilee Year, all the speeches of the Governors in the House in the last 50 years, that is, the governments of that time are praised in it. We said that all the speeches of the Governors in those 50 years should be prepared in the form of a book, a treatise should be made and today that treatise is available in all the libraries. I was from BJP, in Gujarat, there were mostly Congress governments. There were speeches of the governors of those governments, but the job of making them famous was being done by the BJP, this Chief Minister from the BJP, why? We know how to live the Constitution. We are dedicated to the Constitution. We understand the spirit of the Constitution.

    Respected Mr Chairman,

    You know that when we came in 2014, there was no honourable opposition. There was no Recognised Opposition Party. No one had come with even that many marks. There were many laws in India that had complete freedom to work according to those laws, there were many committees in which it was written that the Leader of the Opposition would be in them. But there was no opposition, there was no Recognised Opposition. This was our nature of living the Constitution, this was the spirit of our Constitution, this was our intention to follow the limits of democracy, we decided that even though there would not be an honourable opposition, there would not be a Recognised Opposition, but the leader of the largest party would be called in the meetings. This is the spirit of democracy, it happens then. Committees of the Election Commission, respected Mr Chairman,earlier the Prime Minister used to file it and issue it, it is we who have included the Leader of Opposition in it and we have also made a law for it and today when the Election Commission will be formally formed, the Opposition Leader will also be a part of its decision making process, we do this work. And I have already done this, we do it because we live the Constitution.

    Respected Mr Chairman,

    You will find many places in Delhi where some families have built their own museums. The work is being done with the money of the people, what is the spirit of democracy, what is it called living the Constitution, we built the PM Museum and the life and work of all the Prime Ministers of the country from the first to my predecessors have been made in that PM Museum and I would like that the families of the great men who are in this PM Museum should take out time to see that museum and if they feel like adding something to it, then they should draw the attention of the government so that the museum is enriched and inspires the new children of the country, this is the spirit of the Constitution! Everyone does everything for themselves, the group of people who live for themselves is not very small, people who live for the Constitution are sitting here.

    Respected Mr Chairman,

    When power becomes service, nation building happens. When power is made a legacy, democracy ends.

    Respected Mr Chairman,

    We follow the spirit of the Constitution. We don’t do politics of poison. We give utmost importance to the unity of the country and that is why we build the world’s tallest statue of Sardar Vallabhbhai Patel and we remember the great man who worked to unite the country with the Statue of Unity and he was not from the BJP, he was not from the Jan Sangh. We live the Constitution, that is why we move forward with this thinking.

    Respected Mr Chairman,

    It is the misfortune of the country that these days some people are openly speaking the language of urban Naxals and the things that urban Naxals say, like taking on the Indian State, these people who speak the language of urban Naxals and declare war against the Indian State can neither understand the Constitution nor the unity of the country.

    Respected Mr Chairman,

    For seven decades, Jammu & Kashmir and Ladakh were deprived of the rights of the Constitution. This was injustice to the Constitution and also injustice to the people of Jammu & Kashmir and Ladakh. We broke the wall of Article 370, now the citizens of those states of Jammu & Kashmir and Ladakh are getting the rights that the countrymen have and we know the importance of the Constitution, we live by the spirit of the Constitution, that is why we take such strong decisions.

    Respected Mr Chairman,

    Our Constitution does not give us the right to discriminate. Those who live with the Constitution in their pockets do not know what kind of problems you forced Muslim women to live in. We have worked to give rights to Muslim daughters in accordance with the spirit of the Constitution by abolishing triple talaq, and have given them the right to equality. Whenever there has been an NDA government in the country, we have worked with a long vision. I don’t know what kind of language is being used to divide the country, I don’t know how far frustration and disappointment will take them, but what is our thinking, in which direction do the NDA partners think, for us, we pay more attention to what is behind, what is last and what Mahatma Gandhi had said and the result of that is that even if we create ministries, then which ministry do we create, we create a separate ministry for the North-East. We have been in the country for so many years, till Atal ji came, no one understood, he kept giving speeches, NDA created a separate ministry for the tribals.

    Respected Mr Chairman,

    Our southern states are connected to the sea coast. Many states in our east are connected to the sea coast. Fisheries work and fishermen are a very large part of the society there. They should also be taken care of and in the areas where there is a small amount of water inside the land, there are fishermen from the last section of the society too. It is our government which has created a separate ministry for fisheries.

    Respected Mr Chairman,

    The downtrodden and deprived people of the society have a potential within them, if emphasis is laid on skill development, new opportunities can be created for them. Their hopes and aspirations can create a new life and hence we created a separate Skill Ministry.

    Respected Mr Chairman,

    The first duty of democracy in the country is that we should give power to the common man and keeping this in mind, there is an opportunity to connect crores of people of the country to make the cooperative sector of India more prosperous and healthy. The cooperative movement can be increased in many areas and keeping this in mind, we have created a separate cooperative ministry. What is the vision is known here.

    Respected Mr Chairman,

    Talking about caste has become a fashion for some people. For the last 30 years, the MPs from the OBC community who have been coming to the House for the last 30 years, have been demanding for the last 30-35 years that the OBC Commission be given constitutional status by rising above party differences. Those who see profit in casteism today, did not remember the OBC community at that time, it is us who gave constitutional status to the OBC community. The Backward Classes Commission is included in the constitutional system today.

    Respected Mr Chairman,

    We have worked very strongly in the direction of providing maximum opportunities to SC, ST and OBC in every sector. Today, through this House, I want to put forth an important question before the countrymen and Mr. Speaker, the countrymen will surely ponder over this question of mine and will also discuss it at crossroads. Someone please tell me, has there ever been three SC MPs from the same family in the Parliament at the same time? Have there ever been three SC MPs from the same family? I want to ask another question, can someone please tell me whether there have ever been three ST MPs from the same family in the Parliament at the same time and in the same period?

    Respected Mr Chairman,

    I got the answer to one of my questions about the difference between the speech and behavior of some people. The difference is like the difference between the earth and the sky, the difference is like the difference between night and day.

    Respected Mr Chairman,

    How are we empowering SC ST society? Respected Chairman, I will give you an example of how the welfare of the deprived society is done while maintaining the spirit of unity without creating tension in the society. Before 2014, the number of medical colleges in our country was 387. Today there are 780 medical colleges. Now that the number of medical colleges has increased, the seats have also increased. This is a very important angle, Respected Chairman, and hence the colleges have increased and the seats have also increased. Before 2014, the MBBS seats for SC students in our country were 7700. Before we came, there was a possibility of 7700 youth from Dalit society becoming doctors. We worked for 10 years, today the number has increased and arrangements have been made for 17000 MBBS doctors of SC society. Where is 7700 and where is 17000, if there is any welfare of Dalit society and if there is no tension in the society while increasing the respect of each other.

    Respected Mr Chairman,

    Before 2014, there were 3800 MBBS seats for ST students. Today this number has increased to around 9000. Before 2014, there were less than 14000 MBBS seats for OBC students. Today their number has increased to around 32000. 32000 MBBS doctors will be made from OBC community.

    Respected Mr Chairman,

    In the last 10 years a new university has been established every week, a new ITI has been built every day, a new college has opened every 2 days, just imagine how much growth has taken place for our SC, ST, OBC young men and women.

    Respected Mr Chairman,

    We are behind every scheme- 100% saturation, implement it 100%, the beneficiaries should not be left out, we are working in that direction. First of all, we want that the one who is entitled to it should get it, if there is a scheme, then it should reach him, the game of 1 rupee 15 paise cannot work. But what some people did is that they made a model that gave to only a few people and torment others and did the politics of appeasement. To make the country a developed India, we will have to get rid of appeasement. We have chosen the path of satisfaction, not appeasement, and we are walking on that path. Every society, every class of people should get what is their right without any discrimination, this is satisfaction and according to me when I talk about 100% saturation, it means that it is actually social justice. This is actually secularism and in fact it is respect for the constitution.

    Respected Mr Chairman,

    The spirit of the Constitution is that everyone should get better health and today is also Cancer Day. Today, a lot of discussions are going on about health in the country and the world. But there are some people who are creating obstacles in providing health services to the poor and the elderly and that too due to their political interests. Today, 30,000 hospitals in the country and good specialized private hospitals are associated with Ayushman. Where Ayushman card holders get free treatment. But some political parties, due to their narrow mindset, due to bad policies, have kept the doors of these hospitals closed for the poor and cancer patients have suffered the loss. Recently, a study by the public health journal Lancet has come out, which says that cancer treatment is starting on time with the Ayushman scheme. The government is very serious about cancer detection. Because the sooner the detection is done, the sooner the treatment starts, we can save the cancer patient and Lancet has given credit to the Ayushman scheme and said that a lot of work has been done in this direction in India.

    Respected Mr Chairman,

    In this budget too, we have taken a very important step towards making cancer medicines cheaper. Not only this, an important decision has been taken in the coming days and since today is Cancer Day, I would definitely like to say that all the honourable MPs can take advantage of this for such patients in their area, and that is the patients, you know that due to lack of enough hospitals, patients coming from outside face a lot of problems, a decision has been taken in this budget to build 200 day care centers. These day care centers will provide great relief to the patient as well as his family.

    Respected Mr President,

    While discussing the speech of the President, foreign policy was also discussed and some people feel that unless they talk about foreign policy, they do not look mature, so they feel that foreign policy should be talked about even if it causes loss to the country. I want to tell such people, if they are really interested in foreign policy subject and want to understand foreign policy and want to do something in future, I am not saying this for Shashi ji, so I would tell such people to definitely read a book, maybe they will understand what to say where, the name of that book is JFK’s forgotten crisis. It is about JF Kennedy. It is a book named JFK’s forgotten crisis. This book has been written by a famous foreign policy scholar and important events are mentioned in it. This book also mentions the first Prime Minister of India and he also led the foreign policy. This book also describes in detail the discussions and decisions taken between Pandit Nehru and the then President of America, John F. Kane. When the country was facing a lot of challenges, what game was going on in the name of foreign policy then, is now coming to light through that book and so now I would say that please read this book.

    Respected Mr Chairman,

    After the President’s speech, it is your wish if a woman President, daughter of a poor family, could not be respected, but she is being insulted by all sorts of things being said. I can understand political frustration and disappointment, but what is the reason against a President, what is the reason.

    Respected Mr Chairman,

    Today India is moving ahead by leaving this kind of distorted mentality and thinking behind and following the mantra of women led development. If half of the population gets full opportunity, then India can progress at twice the speed and this is my belief, after working in this field for 25 years my belief has become stronger.

    Respected Mr Chairman,

    In the last 10 years, 10 crore new women have joined Self Help Groups (SHGs), and these women are from underprivileged families, from rural backgrounds. The strength of these women sitting at the bottom of the society has increased, their social status has also improved and the government has increased their assistance to Rs 20 lakh, so that they can take this work forward. We are making efforts in this direction to increase their work capacity, increase its scale and today it is having a very positive impact on the rural economy.

    Respected Mr Chairman,

    The President has discussed the Lakhpati Didi Abhiyan in his speech. According to the information registered so far after the formation of our new government for the third time, we have received information about more than 50 lakh Lakhpati Didis and since I have taken this scheme forward, till now about 1.25 crore women have become Lakhpati Didis and our target is to make three crore women Lakhpati Didis and for this, emphasis will be laid on economic programs.

    Respected Mr Chairman,

    Today, Drone Didi is being discussed in many villages of the country, a psychological change has come in the village, seeing a woman flying a drone in her hand, the villagers’ view of women is changing and today Namo Drone Didi has started earning lakhs of rupees by working in the fields. Mudra Yojana is also playing a very important role in the empowerment of women. Crores of women have stepped into the industry for the first time with the help of Mudra Yojana and have come into the role of industrialists.

    Respected Mr Chairman,

    Out of the houses given to 4 crore families, approximately 75 percent of the houses are owned by women.

    Respected Mr Chairman,

    This change is laying the foundation of a strong India of the 21st century. Respected Speaker, the goal of developed India is the rural economy, without strengthening it we cannot build a developed India and therefore we have tried to touch every sector of the rural economy and we know that agriculture is very important in the rural economy. Our farmers are a strong pillar among the four pillars of developed India. In the last decade, the budget for agriculture has been increased 10 times. Let me tell you about the period after 2014 and this is a very big jump.

    Respected Mr Chairman,

    Those who talk about farmers here today, before 2014, they used to be beaten up for asking for urea. They had to stand in queues all night and that was the time when fertilizers were issued in the name of farmers, but did not reach the fields, somewhere else in black millet and the game of sleight of hand of 1 rupee and 15 paise was going on. Today farmers are getting enough fertilizers. The great crisis of Covid came, the entire supply chain got disturbed, the prices in the world increased unreasonably and the result was that because we are dependent on urea, we have to import it from outside, today for the Indian government  a bag of urea costs ₹ 3000, the government has borne the burden and has given it to the farmer at a price less than 300, less than 300 rupees. We are continuously working to ensure that the farmer gets maximum benefit.

    Respected Mr Chairman,

    In the last 10 years, 12 lakh crore rupees have been spent to ensure that farmers get cheap fertilizers. Around 3.5 lakh crore rupees have been transferred directly to farmers’ accounts through PM Kisan Samman Nidhi. We have also increased the MSP on a record basis and have procured three times more in the last decade than before. Farmers should get loans, easy loans, cheap loans, and that too has increased three times. Earlier, farmers were left to fend for themselves during natural calamities. During our tenure, farmers have received 2 lakh crore rupees under PM Fasal Bima.

    Respected Mr Chairman,

    Unprecedented steps have been taken for irrigation in the last decade and it is unfortunate that those who talk about the Constitution do not have much knowledge. Very few people would know that in our country, Dr. Babasaheb Ambedkar’s vision regarding water schemes was so clear, so comprehensive and so inclusive that it inspires us even today. We launched a campaign to complete more than 100 irrigation projects that were pending for decades, so that water reaches the farmers’ fields. Babasaheb’s vision was to link rivers, Babasaheb Ambedkar advocated linking of rivers. But for years, decades passed, nothing happened. Today we have started work on the Ken-Betwa Link Project and the Parvati-Kalisindh-Chambal Link Project and I have also had a successful experience of working to revive extinct rivers by linking many rivers in Gujarat in this way.

    Respected Mr Chairman,

    This should be the dream of every citizen of the country. It should be the dream of all of us that there should be Made in India food packets on every dining table in the world. Today I feel happy when along with Indian tea, our coffee is also spreading its fragrance in the world. It is making a splash in the markets. Even our turmeric has seen the highest demand after Covid.

    Respected Mr Chairman,

    You will definitely see that in the coming times, our processed seafood and the Makhana of Bihar, which some people are worried about and don’t know when and why, is going to reach the world. Our coarse grain i.e. Shri Anna, will also increase the prestige of India in the world markets.

    Respected Mr Chairman,

    Future Ready cities are also very important for a developed India. Our country is rapidly moving towards urbanisation and this should not be considered a challenge or a crisis. It should be considered an opportunity and we should work in that direction. Expansion of infrastructure leads to expansion of opportunities. Where connectivity increases, possibilities also increase. The first Namo Rail connecting Delhi-UP was inaugurated and I also got the opportunity to travel in it. Such connectivity, such infrastructure should reach all the major cities of India, this is our need in the coming days and our direction.

    Respected Mr Chairman,

    Delhi’s network has doubled and today the metro network is reaching tier-2 and tier-3 cities as well. Today we can all be proud that India’s metro network has crossed 1000 km and not only this, work is currently underway on another 1000 km. That means we are progressing so fast.

    Respected Mr Chairman,

    The Government of India has taken many initiatives to reduce pollution. We have started running 12 thousand electric buses in the country and have also done a great service to Delhi. We have given this to Delhi as well.

    Respected Mr Chairman,

    A new economy has always been expanding from time to time in our country. Today, the Gig Economy is developing as an important area in big cities. Lakhs of youth are joining it. We have said in this budget that labour! Such Gig workers should register themselves on the e-Shram portal and after verification, how can we help them in this new age service economy and they should get an ID card after coming on the e-Shram portal and we have said that these Gig workers will also be given the benefit of Ayushman Yojana so that Gig workers will  move in the right direction and it is estimated that today there are about one crore Gig workers in the country and we are also working in that direction.

    Respected Mr Chairman,

    The MSME sector brings a huge number of job opportunities and this is a sector that has immense employment potential. These small industries are a symbol of self-reliant India. Our MSME sector is making a huge contribution to the country’s economy. Our policy is clear, simplicity, convenience and support to MSMEs is a sector that has employment potential and this time we have emphasized on Mission Manufacturing and in a Mission Mode, we are moving forward by giving emphasis to the entire ecosystem of manufacturing sector i.e. giving strength to MSMEs and giving employment to many youth through MSMEs and preparing youth for employment through skill development. We have started working on many aspects to improve the MSMEs sector. The criteria for MSMEs was made in 2006, it was not updated. In the last 10 years, we have tried to upgrade this criteria twice and this time we have taken a very big jump. For the first time in 2020, for the second time in this budget, we have tried to promote MSMEs. They are being given financial assistance everywhere.

    The challenge before MSMEs has been the lack of formal financial resources. During the Covid crisis, MSMEs were given a special emphasis. We have given special emphasis to the toy industry. We gave special emphasis to the textile industry, did not let them face cash-flow shortage and gave loans without any guarantee. Possibilities of lakhs of jobs were created in thousands of industries and jobs were also secured. 

    For small industries, we took steps in the direction of Customised Credit Card, Credit Guarantee Coverage, due to which their Ease of Doing Business also got a boost and by reducing unnecessary rules, their administrative burden, they had to pay one or two people for work, that too was stopped. You will be happy to know that we have made new policies to promote MSMEs, there was a time before 2014, we used to import things like toys, today I can proudly say that the small toy-making industries of my country are exporting toys to the world today and there has been a huge decline in imports. There has been an increase of about 239 percent in exports. There are many sectors run by MSMEs that are making their mark across the world. Made in India clothes, electronics, electrical scouts’ goods are today becoming a part of the lives of other countries.

    Respected Mr Chairman,

    The country is moving ahead to fulfill the dream of a developed India and is moving ahead with great confidence. The dream of a developed India is not a government dream. It is the dream of 140 crore countrymen and now everyone has to give as much energy as they can to this dream and there are examples in the world, in a period of 20-25 years many countries of the world have shown that they have become developed, so India has immense potential. We have demography, democracy, demand, why can’t we do it? We have to move ahead with this confidence and we are also moving ahead with the dream that by 2047, when the country will become independent, it will be 100 years of independence and by then we will become a developed India.

    And Honorable Chairman,

    I say with confidence that we have to achieve bigger goals and we will achieve them and Honorable Speaker, this is only our third term. As per the requirement of the country, we are going to remain dedicated for many years to come to build a modern India, a capable India and to realize the resolution of a developed India.

    Respected Mr Chairman,

    I appeal to all the parties, I appeal to all the leaders, I appeal to the countrymen, everyone has their own political ideologies, their own political programs, but nothing can be bigger than the country. The country is paramount for all of us and together we will fulfill the dream of a developed India, the dream of 140 crore countrymen is also our dream where every sitting MP is working to fulfill the dream of a developed India.

    Respected Mr Chairman,

    While expressing my gratitude for the President’s speech, I also express my gratitude to you and the House. Thank you!

     

    DISCLAIMER: This is the approximate translation of PM’s speech. Original speech was delivered

    MIL OSI Asia Pacific News

  • MIL-OSI USA: CFTC Announces Prediction Markets Roundtable

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — The Commodity Futures Trading Commission will hold a public roundtable in approximately 45 days at the conclusion of its requests for information on certain sports-related event contracts. The goal of the roundtable is to develop a robust administrative record with studies, data, expert reports, and public input from a wide variety of stakeholder groups to inform the Commission’s approach to regulation and oversight of prediction markets, including sports-related event contracts. 
    The roundtable will be held in the Conference Center at the CFTC’s headquarters at Three Lafayette Centre, 1155 21st Street N.W., Washington, D.C. Further information on the roundtable will be released once details are finalized.
    “Unfortunately, the undue delay and anti-innovation policies of the past several years have severely restricted the CFTC’s ability to pivot to common-sense regulation of prediction markets,” said Acting Chairman Caroline D. Pham. “Despite my repeated dissents and other objections since 2022, the current Commission interpretations regarding event contracts are a sinkhole of legal uncertainty and an inappropriate constraint on the new Administration. Prediction markets are an important new frontier in harnessing the power of markets to assess sentiment to determine probabilities that can bring truth to the Information Age. The CFTC must break with its past hostility to innovation and take a forward-looking approach to the possibilities of the future. 
    “As the preeminent federal regulator mandated to oversee the $400 trillion notional derivatives markets that drive the real economy and safeguard the public interest, the CFTC is required to follow the rule of law and the Administrative Procedure Act to change course. This roundtable is a necessary first step in order to establish a holistic regulatory framework that will both foster thriving prediction markets and protect retail customers from binary options fraud such as deceptive and abusive marketing and sales practices. The CFTC appreciates the proactive engagement from market participants and looks forward to working together to support innovation while ensuring robust customer protection in our markets.”
    The CFTC has identified several key obstacles to balanced regulation of prediction markets: existing Commission orders issued to designated contract markets (DCMs) pursuant to regulation 40.11 and related Commission interpretations; Commission rulemakings on event contracts; federal circuit court of appeals and district court orders and opinions, including that “gaming involves games”; the CFTC’s legal arguments and litigating positions in several ongoing federal court cases; CFTC-registered entities’ legal arguments in court that event contracts based on games or sports contests or sporting events constitute “gaming” and are therefore prohibited under the Commodity Exchange Act; staff interpretations, other guidance, and current practices on event contracts; existing law and regulation applicable to DCMs and futures commission merchants (FCMs); CFTC examinations, enforcement actions, and investigations; and other issues including but not limited to Constitutional questions such as the Commerce Clause, States’ rights and State regulatory schemes, Federalism, Federal preemption doctrines, and First Nations’ sovereignty as well as other federal laws applicable to sports betting. 
    The roundtable will include the above topics, in addition to retail binary options fraud and customer protection, potential revisions to Part 38 and Part 40 of CFTC regulations to address prediction markets, and other improvements to the regulation of event contracts to facilitate innovation. Participants will include a wide variety of experts and stakeholders representing numerous and diverse interests in these issues. 
    Members of the public may provide feedback, suggestions, and requests to participate as panelists on the roundtable by February 21, 2025 via email to [email protected] with “Prediction Markets Roundtable” in the subject field.

    MIL OSI USA News

  • MIL-OSI Australia: Historic ship sinks in the D’Entrecasteaux Channel

    Source: Tasmania Police

    Historic ship sinks in the D’Entrecasteaux Channel

    Thursday, 6 February 2025 – 7:03 am.

    Police were called by crew of a 20 metre 1958 Pilot Cutter about 3.45pm yesterday after the vessel suffered mechanical failure and began taking on water, in the D’Entrecasteaux Channel, near Whale Boat Rock (South of Woodbridge) in the state’s south.
    The two crew, 50-year-old woman and 59-year-old male, both from Hobart were sailing from Port Huon to Hobart to participate in the Wooden Boat Festival, when the incident happened.
    The historic vessel, which had previously served as a pilot vessel on Sydney Harbour, and was only one of three of its type quickly began to sink.
    The crew members used marine radio, an EPIRB and mobile phone to raise the alarm and continually provide information to emergency services.
    Two police vessels were quickly on scene but unfortunately the vessel couldn’t be saved and sunk soon after.
    The crew members rescued by police, were wearing life jackets and had the appropriate safety equipment. No one was physically injured in the incident.
    “The regular communication with police enabled a swift and effective rescue operation. This is a timely reminder for those boating to ensure they are wearing their life jacket, take the proper safety precautions, and remember to let someone know where you are going and what time you can be expected back,” said Acting Inspector Danny Jackson of Hobart Police.

    MIL OSI News

  • MIL-OSI Global: After he reached the Super Bowl, Colin Kaepernick’s racial justice protests helped expose US views toward sports activism

    Source: The Conversation – USA – By Betina Cutaia Wilkinson, Associate Professor & Associate Chair of Political Science, Wake Forest University

    San Francisco 49ers players Eric Reid, left, and Colin Kaepernick take a knee during the national anthem before a game against the Los Angeles Rams on Sept. 12, 2016. Daniel Gluskoter/AP Images for Panini

    Back in 2012, quarterback Colin Kaepernick was one of the NFL’s most popular stars. He led the San Francisco 49ers to the Super Bowl and was just a few plays away from winning the title and lifting the Lombardi Trophy.

    But America’s focus on Kaepernick’s athletic success waned in 2016. That’s when he began to kneel before games during the playing of “The Star-Spangled Banner” to protest the deaths of young Black men at the hands of white police officers.

    They included Alton Sterling and Philando Castile, two unarmed Black men killed by police in the summer of 2016.

    “To me, this is bigger than football, and it would be selfish on my part to look the other way,” Kaepernick said in The Guardian newspaper. “There are bodies in the street and people getting paid leave and getting away with murder.”

    Kaepernick’s activism, coinciding with the reemergence of the Black Lives Matter movement, received varied responses.

    Some NFL players, like Kaepernick’s then-teammate Eric Reid, imitated Kaepernick’s actions, generating a wave of anti-racist activism – not just in football but in other sports, too, like women’s basketball. Others, including several NFL executives, responded with vitriol and hate.

    A recent study I conducted with colleagues Lisa Kiang and Elizabeth Seagroves examines American attitudes toward sports activism, providing insight into the stark responses to Kaepernick’s advocacy and those of other athletes.

    Making sense of the varied responses

    We surveyed 207 college students and 33 residents in Winston-Salem, North Carolina, where I teach, to examine their views on racial justice activism among professional athletes.

    We found there were three general perspectives.

    One group supported the sports activism and tied it to changing the status quo. People in this group back athletes’ ability to serve as activists and role models, and they hope the protests generate meaningful sociopolitical change.

    “I thought it was very necessary and good,” said one participant in the study, referring to athletes’ activism. “I think that if they can use their platform for something good, they should.”

    When we asked about Kaepernick’s activism in 2016, these participants lauded him for his courage.

    They felt Kaepernick’s protests, along with the Black Lives Matter movement, helped raise awareness of racial injustices in the United States.

    Activists supporting players’ right to protest appear outside a hotel where NFL meetings were being held on Oct. 17, 2017, in New York.
    Spencer Platt/Getty Images

    Participants reject racial justice advocacy

    Other participants in our study expressed support for athletes’ right to protest, but they rejected their racial justice advocacy.

    They said athletes have the freedom to say what they think. And they tied the protests to the United States’ commitment to freedom of speech. But they disapproved of kneeling during the playing of the national anthem, labeling it as disrespectful.

    “I think most of it is good. If you have a platform, you should use it,” one participant told us. “However, when misinformation is spread, it becomes bad.”

    Several participants felt the conflation of the national anthem with protesting racial injustices was misleading and wrong, and this participant considered Kaepernick’s protest “misinformation.”

    Kaepernick’s activism elicited similarly mixed feelings at the time. A majority of the public viewed Kaepernick’s refusal to stand as unpatriotic. Most, however, also supported his right to free speech.

    In May 2018, NFL Commissioner Roger Goodell barred athletes from protesting on the sidelines during the national anthem, but he gave them the option to remain in the locker room during the playing of “The Star-Spangled Banner” if they preferred. The move came after players had protested racial inequality and police brutality for two seasons.

    “We want people to be respectful of the national anthem,” Goodell said, according to ESPN. “We want people to stand – that’s all personnel – and make sure they treat this moment in a respectful fashion. That’s something we think we owe. But we were also very sensitive to give players choices.”

    In June 2020, in the wake of George Floyd’s death and years into Kaepernick’s activism, Goodell apologized to players and reversed the policy, saying, “We were wrong for not listening to NFL players earlier.”

    Dontari Poe of the Dallas Cowboys kneels during the playing of the national anthem on Sept. 13, 2020, in Inglewood, Calif.
    AP Photo/Ashley Landis

    But team protests varied throughout the league.

    Some teams such as the Green Bay Packers and Jacksonville Jaguars, at least on one occasion, remained in their locker rooms during the playing of “The Star-Spangled Banner.”

    Some teams acted uniformly with the exception of one or two players. Dallas Cowboys player Dontari Poe was the only person on his team to kneel during the playing of the national anthem.

    The fact that not all players protested, and that teams had distinct approaches to protesting, is not surprising given the public’s varied responses to athlete activism.

    Complete disapproval

    A third group of participants in our study disapproved of sports activism entirely. And these participants often accompanied their criticism by saying that athletes strayed from their role as entertainers.

    “I don’t think it’s good because it’s giving people a reason not to like a professional athlete when their job is to play a sport. They are not politicians and haven’t been able to prove they can make a change,” said one participant.

    For example, when responding to WNBA player Skylar Diggins-Smith’s call for the imprisonment of the police officers in Louisville, Kentucky, involved in the 2020 shooting death of Breonna Taylor during a nighttime apartment raid, one participant said: “It’s not for the average citizen to call for police officers to be investigated. It’s just not OK for a professional athlete to push their agenda like that.”

    Our study, much like other studies, found that people who are white, older and politically conservative are more opposed to racial justice activism in sports than their counterparts.

    What does this mean?

    As seen in our study, U.S. views toward sports protests are tied to the role people believe athletes should play in society.

    For some, athletes can and should be role models; that includes by raising awareness of racial injustices. For others, athletes should only express their perspectives under certain conditions.

    And yet other Americans believe athletes are performers whose only role should be to entertain.

    Still, there’s no doubt Kaepernick’s activism changed the playing field, even if his NFL career suffered. After the 2016 season, he was never picked up by another team.

    Kaepernick’s activism inspired people to attend protests and donate to political causes.

    The NAACP has asked college athletes to avoid attending schools that are dismantling their diversity, equity and inclusion, or DEI, initiatives.

    Coach Steve Kerr and All- Star Steph Curry of the Golden State Warriors regularly voice their political views and draw attention to injustices.

    Several sports associations – the NFL, NBA, WNBA and NWSL – have implemented social justice initiatives and councils that strive to mobilize voters and educate the electorate on political issues.

    Colin Kaepernick’s activism may have ended his Super Bowl dreams, but his legacy extends far beyond the game of football.

    Betina Cutaia Wilkinson previously received funding from the Latino Center for Leadership Development.
    Lisa Kiang works with Betina Wilkinson at Wake Forest University. Elizabeth Seagroves was Betina Wilkinson’s student during her time at Wake Forest University

    ref. After he reached the Super Bowl, Colin Kaepernick’s racial justice protests helped expose US views toward sports activism – https://theconversation.com/after-he-reached-the-super-bowl-colin-kaepernicks-racial-justice-protests-helped-expose-us-views-toward-sports-activism-242672

    MIL OSI – Global Reports

  • MIL-Evening Report: ‘Serious concerns’: national assessment reveals rivers flowing into the Great Barrier Reef are getting more polluted

    Source: The Conversation (Au and NZ) – By Anna Lintern, Senior Lecturer in Civil Engineering, specialising in water quality, Monash University

    Polluted runoff is still smothering the Great Barrier Reef, our first national assessment of water quality trends in Australian rivers has revealed. The problem on the reef is getting worse, not better, despite efforts to improve farming practices and billions of dollars committed by governments to water-quality improvements.

    But in good news, there are signs of improvement in the Murray-Darling Basin, where less salt, sediment and phosphorous were detected in the water.

    Our latest research quantifies, for the first time, how water quality in Australian rivers has changed over the past two decades. Around half our 287 monitoring sites experienced significant changes in water quality between 2000 and 2019 on every measure we analysed. But the results for the reef and the basin stood out.

    In particular, freshwater flows into the Great Barrier Reef lagoon contained increasing levels of sediment and phosphorous. If the trend continues, we have serious concerns for the health of the Great Barrier Reef and the tourist industry it supports.

    Understanding river water quality

    We studied water quality monitoring data from 287 river sites across Australia. The relevant agency in each state and territory collects this information and makes it available online. The data covers the following:

    • salinity: too much makes water unsuitable for drinking or irrigation
    • dissolved oxygen: when the level is too low it can kill aquatic life
    • nitrogen and phosphorous: high levels of either can cause excessive algae growth and consumes oxygen
    • sediment: too much reduces light penetration and disrupts ecosystems

    We focused on sites with records of all five water quality indicators from 2000 to 2019.

    River flows can vary enormously from year to year and this affects water quality. So we used statistics to account for this and identify underlying long-term trends.

    In the catchments that exhibited significant changes between 2000 and 2019, about half showed improvements in dissolved oxygen, salinity and phosphorus, while the other half deteriorated. Sediment levels mostly improved (86% of catchments) over time. The story was not so good when it came to nitrogen levels, which went up in 60% of catchments.

    Two regions experienced the greatest large-scale changes in water quality over that time: the North East Coast basin and the Murray-Darling Basin.

    The research analysed two decades of water quality monitoring data from 287 sites dotted across Australia.
    Danlu Guo, CC BY-ND

    More polluted water flowing to the reef

    In the North East Coast basin, many rivers capture water from inland areas, including farming regions, and carry it to the ocean near the Great Barrier Reef. So, any pollution in these rivers are carried to the reef.

    Suspended sediments make the water cloudy or “turbid”. This can reduce the growth of seagrass and disrupt the growth and reproductive cycles of coral and some fish.

    Phosphorous and nitrogen are essential minerals or nutrients, which is why they are used on farms as fertiliser. But too much of either can lower coral diversity, and reduce resilience of coral to bleaching and disease.

    We found water quality in rivers flowing to the reef – one of the world’s seven natural wonders – had declined over the past two decades. In particular, levels of phosphorus and sediments had increased at around 5% per year on average across catchments.

    This may be a hangover from intensifying land use and clearing in the 1960s and ‘70s. Land clearing can lead to more erosion of sediment and phosphorus attached to soils. Similarly, intensive agriculture can lead to increased phosphorus in rivers, due to fertiliser use.

    Substantial investment has been made to improve water quality over many years. This includes almost A$1.8 billion committed by the federal and Queensland governments between 2014 and 2030. But it appears greater effort is needed to turn things around.

    It can take a long time for management strategies to start having an effect on water quality. So efforts to date may not yet be showing up. Or perhaps the scale of these changes has not been enough to shift the long-term trend in water quality.

    Regardless, declining water quality over the past two decades has direct implications for the future of the world heritage listed site.

    Cleaning up the basin

    In contrast, we found water quality in the Murray-Darling Basin was improving. Salinity levels declined, along with phosphorus and suspended sediment.

    Managing salinity in the basin is a long-term issue. Much of the basin’s groundwater is naturally saline to begin with. Land clearing and agricultural activities since European colonisation have further exacerbated the problem.

    But our results suggest salinity levels in the Murray-Darling Basin rivers are improving. This may be due to large-scale management actions such as improving irrigation efficiency, reducing drainage, installing salt interception, and drainage diversion schemes to divert saline groundwater away from entering the Murray River.

    These changes in water quality could also be due to declines in rainfall during the Millennium drought period over the late 1990s and early 2000s. The dry conditions might have altered processes controlling flushing of salt, sediments and phosphorus into waterways. As such, the drought has likely had more complicated and long-lasting impacts on water quality than the year-to-year variation in river flow.

    While our research shows water quality in the Murray-Darling Basin has improved, this does not mean funding in this area should reduce or cease. Scientists and policymakers must continue monitoring and working towards a healthy basin for future generations.

    Salt interception schemes divert about 400,000 tonnes of salt away from the river every year.
    Photo by Zac Edmonds on Unsplash, CC BY

    Keeping watch over water quality

    Unfortunately, insufficient long-term water quality monitoring limits our understanding of water quality trends across large parts of the country.

    This includes a large proportion of the western, northern and central parts of Australia. Filling these data gaps will require new and ongoing investment into water quality monitoring.

    Australian water authorities need to keep checking the health of our rivers.

    A national program to harness this data from states and territories, to monitor and track river water quality, is needed to continue similar Australia-wide assessments of water quality.

    Such assessments are vital for providing an evidence base for federal policy and identifying future needs in river water quality protection.

    Anna Lintern has previously received funding from the Australian Research Council and the Victorian State Government. She is an unpaid volunteer for her federal Independent MP’s office.

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

    ref. ‘Serious concerns’: national assessment reveals rivers flowing into the Great Barrier Reef are getting more polluted – https://theconversation.com/serious-concerns-national-assessment-reveals-rivers-flowing-into-the-great-barrier-reef-are-getting-more-polluted-248903

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Senator Murray, Ecology Director Sixkiller, Councilmember Zahilay, WA Head Start Association Director Call Out How Trump’s Ongoing Illegal Funding Freeze is Hurting WA State, Putting Critical Projects and Jobs at Risk

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, led a virtual press conference highlighting how President Trump’s ongoing, illegal funding freeze is hurting people and organizations across Washington state—forcing them to make impossible choices, costing jobs, and putting critical projects and hundreds of millions of dollars for everything from infrastructure improvements to culvert removal at risk. Joining Senator Murray for the press call were King County Councilmember Girmay Zahilay, Washington State Department of Ecology Director Casey Sixkiller, and Joel Ryan, Executive Director of the Washington State Association of Head Start and ECEAP.

    “People need to understand the Trump administration is still holding up billions of dollars, under Trump’s illegal Day One Executive Orders. We’re talking about funding Congress passed into law—funding that is owed to communities in Washington state and across the country,” Senator Murray said on this morning’s press call, outlining some of the ways President Trump’s ongoing illegal funding freeze from his Day One Executive Orders is putting critical projects and jobs in Washington state at risk:

    • “The Washington State Department of Transportation has told me Trump is blocking money to repair electric chargers, to install heavy duty chargers for trucks, to make critical repairs to bridges in order to protect the safety of millions of drivers, and to install new chargers along major roads like I-90, US-97, US-2, US-195, and US-395.
    • “Trump is holding up road projects to make streets safer for pedestrians, bicyclists, and drivers—a safe streets project in Richland, critical safety barriers in Spokane are just a few of the examples.
    • “Trump’s illegal freeze is, as we speak, blocking wildlife preservation work all over our state, and critical culvert replacement projects to help save our salmon.
    • “There are port projects right now on hold across Washington state, including for electrical infrastructure, and shore power for vessels. Absolutely essential electric transmission and distribution projects are on hold and in jeopardy.
    • “World class organizations in Washington state have told me they may have to lay people off this week—hundreds of people—because of Trump’s illegal funding freezes.

    “Make no mistake: the chaos is not over. There are still billions of dollars being illegally held up—and so many jobs in Washington state that are on the line I am going to continue fighting this and pressing the administration every way I can to get them to end these illegal funding freezes,” Murray concluded. “I’m going to continue doing everything I can as Vice Chair of the Appropriations Committee to stand up and hold this administration to account, so we can get the money Congress passed into law flowing again to folks back home in Washington state.”

    “This is money that should be flowing into our communities, creating jobs, protecting public health, and improving the environment. Instead, it is being delayed at the expense of the people who need it most,” said Casey Sixkiller, director of the Washington State Department of Ecology.

    “King County is already grappling with a $150 million budget shortfall, putting essential services at risk. A freeze in federal funding would make this crisis even worse, threatening vital programs like healthcare, housing support, transportation, and services for veterans and seniors. For the people who depend on these services every day, these cuts aren’t just numbers—they’re lifelines that keep our community safe, healthy, and connected. Without immediate action and support, many of our most vulnerable neighbors will face even greater hardship,” said King County Councilmember Girmay Zahilay.

    “This past week and half have been chaotic and disruptive roller coaster ride for Head Start programs here in Washington State. The half day shutdown caused by the Trump Administration caused confusion and nearly led to thousands of children and families losing access to childcare. Yesterday we continued to receive reports that Head Start programs were struggling to access their federal grant dollars with one program as of today still unable to gain access. Across the country there remains over 40+ Head Start programs impacting more than 20,000 children dealing with this ‘rolling blackout’ putting very low income children and families at risk of losing services,” said Joel Ryan, Executive Director of the Washington State Association of Head Start and ECEAP.

    TIMELINE OF EVENTS

    January 20th: Within his first hours in office, President Trump signed a number of executive orders that illegally block funding that was signed into law to rebuild America’s infrastructure, lower families’ energy costs, create new, good-paying jobs, strengthen our national security, and more.

    January 27th: Trump expanded his funding freeze dramatically when the Office of Management and Budget (OMB) issued a sweeping, illegal memo directing a near-blanket freeze on virtually all federal funding, with carveouts for Social Security, Medicare, and “assistance provided directly to individuals.” Senator Murray immediately wrote a letter to OMB alongside House Appropriations Ranking Member Rosa DeLauro (D-CT-03) raising alarms about the sweeping directive and calling the acting director to restore funding, as the law requires.

    January 28th: Senator Murray joined millions of Americans in decrying the chaos and pain President Trump’s freeze caused—as reports poured in from across the country about how it risked shuttering Head Start programs, cutting off disaster relief, jeopardizing cancer research, and much more. The White House, in trying to clarify the scope of the memo, instead created more chaos, confusion, and headaches for the American people.

    January 29th: Senator Murray again slammed Trump’s devastating freeze cutting off funding families count on—noting that even programs the administration said were back online were, in fact, still shuttered, and she called on Trump to stop withholding funding. Then, facing nationwide backlash, President Trump had his OMB revoke its memo. But President Trump vowed to keep his freeze of hundreds of billions of dollars in funding tied up by his executive orders in place—and his aides continued their vows to block more funding signed into law.

    RIGHT NOW: President Trump continues to hold up vast swaths of funding implicated by his illegal executive orders—and chaos and confusion pervade over whether funding implicated by his now-rescinded OMB memo has been fully restored.

    His executive orders direct agencies to, among other things, halt disbursement of funding from the Bipartisan Infrastructure Law and the Inflation Reduction Act, foreign development assistance, and virtually any funding his administration deems “woke.”

    President Trump’s ongoing freeze is holding up funding Congress delivered—often on a bipartisan basis—to:

    • Rebuild America’s roads and bridges.
    • Connect families to high-speed internet access.
    • Upgrade transit and transportation infrastructure.
    • Lower Americans’ energy costs.
    • Create new, good-paying clean energy jobs.
    • Strengthen America’s national security.
    • Much more.

    President Trump must rescind his executive orders—and stop blocking funding the American people are counting on. His failure to do so will:

    • Kill good-paying American jobs.
    • Delay—or altogether scrap—infrastructure projects all across the county.
    • Raise American families’ energy costs.
    • Create more chaos, confusion, and uncertainty that hurt families, businesses, small businesses, and local organizations and governments.
    • Gut efforts to tackle the climate crisis and ensure every American has clean air and water.
    • Halt work cleaning up Superfund sites contaminated with hazardous waste and substances.
    • Undermine our national security and credibility on the world stage.
    • Much more.

    A fact sheet on the issue of impoundment—Trump’s unconstitutional scheme to withhold federal funding headed to communities across America—is HERE.

    Senator Murray’s full remarks, as delivered on today’s press call, are below and video is HERE:

    “Thank you everyone for joining us today. Last week, we saw a level of chaos and recklessness from the Trump administration that’s truly unlike anything I have seen in my lifetime, when the administration moved to brazenly and illegally freeze federal grants across government and across the country. 

    “The panic and the confusion were widespread. Because there was a long, long, list of programs President Trump tried to put on the chopping block.

    “Then, less than 48 hours later, in the face of intense public backlash and outrage from people all over the country—they admitted they were disastrously wrong and revoked the OMB memo.

    “But it’s really important that this fight is far from over. Not only is there still significant confusion—funding that was supposed to be turned back ‘on’ that is still not, it’s still locked up—but, just as importantly, people need to understand the Trump administration is still holding up billions of dollars, under Trump’s illegal Day One Executive Orders.

    “We’re talking about funding that Congress passed into law—funding that is owed to communities in Washington state and across the country.

    “Now, the harm they are causing with these funding freezes is hard to overstate, because this has never been done before. 

    “And we’ve been working around the clock to figure out exactly what all of this means, and who is affected—because they have been far from clear.

    “But today I want to give you all a sense of what folks across our state have told me about what Trump’s ongoing, illegal funding freezes have meant for them.

    “The Washington State Department of Transportation has told me that Trump is blocking money to repair electric chargers, to install heavy duty chargers for trucks, to make critical repairs to bridges in order to protect the safety of millions of drivers, and to install new chargers along major roads like I-90, US-97, US-2, US-195, and US-395.

    “Trump is still holding up road projects that make streets safer for pedestrians, bicyclists, and drivers—a safe streets project in Richland, critical safety barriers in Spokane are just a few of the examples.

    “Trump’s illegal freeze is, as we speak, blocking wildlife preservation work all over our state, and critical culvert replacement projects to help save our salmon. 

    “There are port projects right now on hold across Washington state, including for electrical infrastructure, and shore power for vessels. Absolutely essential electric transmission and distribution projects are on hold and in jeopardy.

    “And there are many other projects, organizations, and people—who are being harmed right now by the President’s reckless funding freeze.

    “Medical researchers in Washington state who are worried that their work will somehow be considered ‘woke,’ when in reality, it’s actually pretty darn important we understand the roots of health disparities—things like why the maternal death rate is so much higher for Black and Native American women.

    “Trump’s executive orders also froze lifesaving foreign assistance for people all around the globe.

    “And world class organizations in our state, in Washington state, have told me they may have to lay people off this week—hundreds of people—because of Trump’s illegal funding freezes.

    “It is just completely unclear when, or if these projects are going to get the funds they are counting on, and owed, from the bills Congress passed into law long before Trump came into office. 

    “So, make no mistake: the chaos is not over. There are still billions of dollars being illegally held up—and many jobs in Washington state are now on the line.

    “I am going to continue fighting this and pressing the administration every way I can to make them end these illegal funding freezes.

    “Democrats will speak out, we will challenge Trump’s illegal actions in the courts, we will demand accountability, and we will put the pressure on the administration and on our Republican colleagues. 

    “But we also need our Republican colleagues to say ‘enough.’ We need them to join us. 

    “Now, we learned something extremely important last week: that when the American people–all across our state, all across the country–speak out with one voice, and when regular people stand up, it makes a difference. 

    “So this fight is far from over—and I’m going to continue doing everything I can as Vice Chair of the Appropriations Committee to stand up and hold this administration to account, so we can get the money Congress—by both parties, Republicans and Democrats–passed into law flowing again to folks back home in Washington state.”

    MIL OSI USA News

  • MIL-OSI: Truxton Continues to Add Talent and Depth to the Team

    Source: GlobeNewswire (MIL-OSI)

    NASHVILLE, Tenn., Feb. 05, 2025 (GLOBE NEWSWIRE) — Truxton is pleased to announce the addition of several new colleagues over the last two months. Truxton continues to attract some of the nation’s top talent in the finance industry.

    “Truxton is always looking for talented professionals who can enhance the way we serve our clients,” said Tom Stumb, CEO and Chairman. “Over the past twenty years, we have been fortunate to build a team of dedicated individuals who are committed to doing the right thing for our clients. We truly believe we have the finest team in the industry.”

    Steve Pelmore Jr., CPA joins the Wealth team as Vice President, Tax Strategist and Wealth Advisor. Mr. Pelmore has nearly 20 years of experience in public accounting. Prior to Truxton, he served as a Senior Tax Manager for Blankenship CPA Group and has held various roles with the Internal Revenue Service. Steve is a graduate of the University of Illinois Urbana with a MS in Taxation, a graduate of Tennessee State University with a BBA in Economics and Finance and is a Certified Public Accountant (CPA) and an Enrolled Agent (EA). Prior to his career as a CPA, Steve served as a Captain in the US Army & US Army Reserve, participated in various overseas tours of duty and earned numerous service awards.

    “Steve is an accomplished tax professional that brings considerable capabilities to Truxton which will meaningfully benefit our clients,” said Drew Mallory, Senior Managing Director and Chief Fiduciary Officer. “His strong command of income and transfer taxation immediately strengthens our team’s ability to provide strategic tax advice to Ultra High Net Worth families and business owners.”

    “We are thrilled that Steve has joined our team.  His decades of experience and knowledge and commitment to excellence will serve our clients, colleagues and shareholders well,” remarks Peter Deming, CPA, Senior Wealth and Tax Strategist.

    The Truxton Banking team adds Carson Walter as a Credit Analyst. Mr. Walter is a graduate of The Citadel with Master’s of Business Administration and a graduate of Birmingham-Southern College, earning his BS in Business Administration.

    Nathan Johnson joins the Finance team as an Accountant after five years working as a finance associate for the Middle Tennessee School of Anesthesia. He earned his Master’s of Business Administration from Regis University and his BBA in Accounting from Southern Adventist University.

    Also, Truxton adds Keegan Fornoff as an Office Coordinator. Prior to Truxton, Ms. Fornoff worked in communications and served as an assistant volleyball coach. She is a graduate of Southeast Missouri State University, earning her BS in Psychology, and was a 4-year member of the Division I Women’s Volleyball Team, and later earning her Master’s of Science in Exercise and Sport Psychology at Southern Illinois University Edwardsville.

    “We are excited to welcome this exceptional group of professionals,” said Derrick Jones, President of Truxton. “They bring a wealth of talent, experience, and energy, as well as an unwavering dedication to serving sophisticated clients at the highest level. We look forward to the impact they will have on improving client outcomes and driving our business forward.”

    About Truxton
    Truxton is a premier provider of wealth, banking, and family office services for wealthy individuals, their families, and their business interests. Serving clients across the world, Truxton’s vastly experienced team of professionals provides customized solutions to its clients’ complex financial needs. Founded in 2004 in Nashville, Tennessee, Truxton upholds its original guiding principle: do the right thing. Truxton Trust Company is a subsidiary of financial holding company, Truxton Corporation (OTCPK: TRUX). For more information, visit truxtontrust.com.

    The MIL Network

  • MIL-OSI Global: Why there’s an ethnic pension gap in the UK – and how the government could close it

    Source: The Conversation – UK – By Athina Vlachantoni, Professor of Gerontology and Social Policy, University of Southampton

    Opting out of workplace pension schemes is more common among some minority communities than the white British population. Pranithan Chorruangsak/Shutterstock

    There’s an ethnic pension gap in the UK that leaves people from particular minority ethnic communities worse off in retirement than their white British counterparts. The gap can be measured in several ways – for example, by comparing the pension amount between ethnic communities or measuring the proportion of working-age people from different ethnic groups who are signed up to a workplace pension scheme.

    But whichever indicator you use, the evidence shows that people from minority ethnic communities, whether they were born in the UK or not, fare worse than white British people.

    Unfortunately, that’s not all. Within the minority ethnic population, it is the Bangladeshi and Pakistani communities who are faring worse than people from other minority ethnic communities. And women are struggling more than men.

    The government’s most recent analysis based on the Family Resources Survey shows that Asian pensioner families (that is, either a single pensioner or a couple that includes at least one pensioner) had the lowest gross income at £500 a week). This compared with £731 a week among pensioner families from the “white other” ethnic group.

    Unpicking the causes

    But why is there an ethnic pension gap? To understand why it persists, it’s helpful to take a few steps back and examine the accumulation of disadvantage. Our research in the Centre for Research on Ageing and the ESRC Centre for Population Change has done just that – unravelling the factors that lead to the gap.

    We found that working-age people from Bangladeshi and Pakistani communities were less likely than their white British counterparts to be in paid work. And once in paid work, they were less likely to work as employees and more likely to be self-employed.

    This is important because, over the last 15 years, the UK government has introduced auto-enrolment in workplace pensions, which means that all workers aged 22 or above and earning at least £10,000 per year are automatically enrolled in their workplace scheme.

    Even among employees, we found that workers from Bangladeshi and Pakistani communities were less likely to be members of their workplace pension scheme. That is, they were more likely to opt out. Among pensioners, we found that those from Bangladeshi and Pakistani communities were less likely to be receiving a state or workplace pension, and more likely to be receiving pension credit (a means-tested benefit for those on low incomes).

    Differences between minority ethnic communities in their employment trends then lead to ethnic gaps in pension protection. There are a number of factors at play, including cultural reasons that might affect employment choices and opportunities (particularly among women) and structural reasons affecting the types of jobs and earnings where people from Bangladeshi and Pakistani communities find work.




    Read more:
    How the gender pay gap evolves into a gender pension gap


    Religious reasons can also affect people’s choices about the kinds of investments they make. Under Islamic finance guidelines, investing in profit-making ventures – commonly part of workplace pensions – is not permitted.

    Recent research by the Institute for Fiscal Studies showed that 16% of Pakistani and 24% of eligible Bangladeshi employees opt out of a workplace pension, compared to 10% of eligible white employees.

    All these reasons are important factors in understanding the ethnic pension gap and are vital issues for the government to address.

    The ethnic pension gap leaves some communities more than £200 worse off per week on average than their white British peers.
    Rawpixel.com/Shutterstock

    So where does this leave government policies to close the gap? Encouraging younger people from Pakistani and Bangladeshi communities to enter (and crucially, to stay) in the labour market can be the first step.

    According to the most recent government data, on average 75% of people aged 16-64 are employed. But this breaks down to 76% for white people, and 57% for Pakistani and 63% for Bangladeshi people.

    Meanwhile, another useful step the government could take would be reducing the £10,000 eligibility threshold for auto-enrolment. This would allow more low earners to start saving for retirement.

    But if more people from minority ethnic communities are going to stick with their workplace pension (or rather if fewer people are going to opt out), the government needs to consider the design and promotion of more sharia-compliant investments. These make workplace pension plans acceptable to Muslim communities. This could be a crucial step in closing the pension gap for future cohorts, and a feasible way forward. These products already exist, after all.

    Closing the ethnic pension gap (and the gender gap within it) is vital because the UK’s population is both ageing and becoming more ethnically diverse. About 18% of the population of England and Wales are from a non-white background (in Scotland it’s 4% and in Northern Ireland 3.4%).

    Addressing the ethnic pension gap is vital. It could take the UK a step closer to a society where people from all ethnic communities have the opportunity to reach later life with greater financial security and dignity.

    Athina Vlachantoni receives funding from the UKRI.

    Jane Falkingham receives funding from UKRI (Economic & Social Research Council)

    Maria Evandrou receives funding from UKRI.

    ref. Why there’s an ethnic pension gap in the UK – and how the government could close it – https://theconversation.com/why-theres-an-ethnic-pension-gap-in-the-uk-and-how-the-government-could-close-it-248822

    MIL OSI – Global Reports

  • MIL-OSI Global: First new non-opioid painkiller approved in the US for decades – here’s how it works

    Source: The Conversation – UK – By Alistair Mathie, Professor of Pharmacology and Head of Life Sciences, University of Westminster

    S L/Shutterstock

    A new non-opioid painkiller, suzetrigine, has just been approved by the US drug regulator, the FDA. It is the first non-opioid painkiller the agency has approved in over two decades.

    Because of their addictive nature, medical professionals have done a lot in recent years to minimise the use of opioids, especially the length of time they are taken for following surgery. Patients receiving opioids for longer than a week post-surgery were found to double their risk of using these drugs for more than a year.

    In the US, a study showed that around 6% of all patients who underwent surgery became persistent opioid users, even if they had never taken opioids before. So the arrival of a relatively safe and effective non-opioid drug to treat acute pain without the risk of addiction is a huge deal.

    Suzetrigine works by blocking the activity of proteins called sodium channels in nerve cells that send pain signals. This stops the pain signal in its tracks, before it reaches your brain and therefore before you experience it.

    This is exactly how existing local anaesthetic drugs, such as lidocaine, work. Unfortunately, these drugs block all sodium channels throughout your body, including those that control the activity of your heart, your brain and your breathing. This is why, as their name implies, they can only be applied locally.

    In dentistry, this is usually done using a syringe and accompanied by another drug (called a “vasoconstrictor”) to stop the anaesthetic from escaping into the bloodstream.

    Targeting sodium channels to alleviate pain is a wonderful idea in principle. However, it is hampered by the widespread presence of these proteins – which initiate electrical signalling in almost all the cells of your body – and the consequent risks associated with blocking them. Not least the very real risk of sudden death.

    In Japan, fugu, a dish made from puffer fish, is an exotic delicacy. At least part of its attraction is the slight tingle in the tongue that can be experienced when eating it. This tingling is caused by a poison, tetrodotoxin, that is a potent blocker of sodium channels. Too much tetrodotoxin is fatal. In Japanese restaurants, only qualified fugu handlers are permitted to prepare the dish.

    So why is the discovery and development of suzetrigine so important? We have nine different genes that code for sodium channels (they run from Nav1.1 to Nav1.9). Each of these channels is present at different levels in the different cells and organs of your body. But only one of these channels, Nav1.8, is present in peripheral pain-sensing neurons and not in other parts of the body.

    There is no evidence of Nav1.8 expression in either your heart or your brain. This selective expression suggests that this particular sodium channel might be a good target to alleviate pain.

    This idea received further credence following the discovery that people with genetic mutations that increase the activity of this channel suffered nerve pain despite there being no obvious cause of the pain.

    Highly selective

    Over several years, Vertex Pharmaceuticals, the company that makes suzetrigine (brand name Journavx), screened many potential drugs to try to identify a safe, selective blocker of these channels that could be taken orally. Suzetrigine was found to be both a potent and very selective blocker of these channels. It is, staggeringly, at least 30,000 times more potent at blocking Nav1.8 channels than all the other types of sodium channels that we have.

    In two clinical trials with over 1,000 patients in each, suzetrigine was found to be equally as effective as opioids at blocking acute pain following moderately painful surgery – either removal of bunions or a tummy-tuck.

    Suzetrigine also produced far fewer side-effects than opioid treatment and had no risk of addiction. So far, however, there is no convincing evidence that suzetrigine is effective in chronic, long-term pain relief.

    The discovery and approval for the use of suzetrigine opens up the possibility of treating acute pain by selectively blocking specific sodium channels, without the risk of addiction. More generally, selective targeting of the many different ion channels that underlie pain signalling may pave the way for new, non-addictive treatments for all forms of acute and chronic pain.

    Alistair Mathie has previously received funding from the Royal Society, BBSRC and LifeArc to study the role of ion channels in pain

    Emma Veale has previous received funding from BBSRC and LifeArc to study the role of ion channels in pain. Also from NIHR to deliver a feasibility study in primary care aimed at managing post-surgical opioid use.

    ref. First new non-opioid painkiller approved in the US for decades – here’s how it works – https://theconversation.com/first-new-non-opioid-painkiller-approved-in-the-us-for-decades-heres-how-it-works-248858

    MIL OSI – Global Reports

  • MIL-OSI Canada: Annual burbot recovery resumes in Lower Kootenay

    Source: Government of Canada regional news

    Collaborative teams from the Province, the Ktunaxa Nation Council, Kootenai Tribe of Idaho, and Idaho Department of Fish and Game are working on Moyie Lake to help recovery of the Lower Kootenay burbot population.

    Staff will catch, tag and release burbot as part of an egg collection project.

    Burbot spawning season occurs in February. The egg collection project is part of successful recovery efforts for the Lower Kootenay burbot population. This is because the burbot population in Moyie Lake is strong and is genetically similar to the species in Kootenay River.

    The egg collection from Moyie Lake, along with eggs collected in the Kootenay River in the United States, are reared in hatcheries to various life stages for release in selected areas of the Kootenay River system in Idaho and British Columbia.

    The Lower Kootenay burbot population once supported First Nations’ fisheries, as well as recreational fisheries in Montana, Idaho and British Columbia. The population was recognized to be at risk of extirpation. During the mid-1990s, fewer than 50 adult fish remained in the river.

    A conservation strategy was signed by international co-managers in 2005, which included the Ktunaxa Nation Council, the Kootenai Tribe of Idaho, Idaho Department of Fish and Game, Montana Fish Wildlife and Parks, U.S. Army Corps of Engineers, the University of Idaho and the Government of British Columbia. The burbot recovery program began in the Lower Kootenay in 2009.

    Hatchery-released burbot are surviving well in the Lower Kootenay system. However, due to habitat limitations from Libby Dam and floodplain alterations along the Kootenay River, the success of burbot spawning is inconsistent in the river. Moyie Lake egg collections are therefore an essential component of the hatchery production until natural spawning is restored.

    B.C.’s Ministry of Water, Land and Resource Stewardship continuously monitors the Moyie Lake burbot population, as it is a popular sport and subsistence fishery, as well as a crucial part of the Lower Kootenay burbot-recovery program. Data collected over the duration of this program has confirmed that Moyie Lake has a healthy burbot population, with approximately 10,000 adult burbot.

    Throughout the program, an average of only 360 fish are handled, yet eggs are collected from approximately 28 females in the February spawning period. This collection represents a very low percentage of the estimated spawning population with only 0.02% to 0.03% of Moyie Lake’s available eggs each year. All burbot handled in the program are tagged and released alive. This work is done in partnership and with the support of the Ktunaxa Nation Council.

    The pilot recovery work at Moyie Lake has helped influence and benefit project methods at other burbot-restoration initiatives, such as in the Upper Kootenay region.

    Learn More:

    Burbot recovery: how can you help refine burbot population estimates?:
    https://news.gov.bc.ca/releases/2024WLRS0006-000169

    Kootenay regional fisheries:
    https://www2.gov.bc.ca/gov/content/environment/plants-animals-ecosystems/fish/fish-management/region-4-kootenay

    MIL OSI Canada News

  • MIL-OSI Global: Psychotherapy may change memories of childhood – here’s why practitioners should warn clients

    Source: The Conversation – UK – By Lawrence Patihis, Senior Lecturer in Psychology, University of Portsmouth

    Yuri A/Shutterstock

    One of the unfortunate legacies that my generation, gen X, has passed on to the millennials and gen Z, is the idea that therapy has no side effects. However, just like many other medical treatments, there can be negative effects. For example, in some cases psychotherapy can be linked with a worsening of psychiatric symptoms, increased anxiety and false memories.

    My team’s recent paper investigated the effect of evaluating a parent on the basis of their emotions and memories of those emotions in childhood. Our findings, which show these kinds of reappraisals can distort memories, may have implications for talking therapies that explore clients’ childhoods.

    Previous research has shown that as people’s thoughts change, their memory of emotions seems to do so too. In 1997 psychology professor Linda Levine found that people misremembered how they had felt when Ross Perot withdrew from the 1992 US presidential race, when they were asked to recall their emotions after the election. Psychologist Martin Safer found in his 2010 study that some people misremembered how much grief they felt when their spouse died, and this bias was related to their current evaluation of the death.

    In my team’s study, published in Psychological Reports, we found that writing out recent examples of participants’ mothers’ behaviour could lead them to reappraise their mother. It also seemed to change the participants’ current emotions towards their mother. And most surprisingly, it seemed to subtly affect the participants’ memories of emotions from childhood.

    Our participants were split into four groups and given different writing prompts. The first group were asked to give recent examples of their mother showing a positive attribute. For example: “Please write three to four sentences giving the most recent examples of when your mother showed competence (effectiveness) in her life.”

    The second group were asked to give examples of their mother showing a lack of those same attributes. A third group were asked to give examples of a former teacher showing a lack of positive attributes and the last group were given no writing tasks.

    The participants were then given questionnaires asking them to evaluate their mothers and about their memories of their emotions toward their mothers.

    We found that these reappraisals affected participants’ current happiness and interest towards their mother. Reappraisal also affected their memories of happiness from childhood.

    Counselling isn’t free of risks.
    Prostock-studio/Shutterstock

    In these experiments, we slightly nudged people’s appraisals of their mothers. But this may happen in a bigger way in the real world. Talking to a therapist for years in a way that reconstructs a client’s childhood, and then linking this to their problems, could cause more significant reappraisals of their parents. What therapy clients may not realise, nor perhaps even their therapist, is that these reevaluations could be changing their memories of childhood.

    Warning signs

    I believe that clients should be aware of the side effects of therapy, and there should be a line or two on the malleability of memory on the forms people sign before therapy begins.

    It would also help if all therapists were taught in their training about the ways memory can be distorted. Indeed, research on infantile and childhood amnesia suggests that humans seem to remember little of early childhood, leaving us all vulnerable to reappraising that period.

    We might debate whether therapists should be making negative comments about parents. Perhaps in cases of abuse, some might argue it could help. But in many other types of clients, therapists making negative comments could have a powerful effect that far exceeds our experimental nudges. For example: “Wow, your mother sounds like a controlling type,” if repeated enough by therapists, might cause reappraisals and family rifts over time.

    In some cases, reevaluating your parents in a positive direction can lead to better relationships over time. This may result in the real joy of childhood being better remembered and appreciated. Positive reevaluations may actually be fair and moving towards accuracy. For example in cases where previous negative reappraisals in adolescence and early adulthood were unfair and forgetful of the sacrifice and love the parents had given in early childhood.

    Nevertheless, there is a potential negative side effect if parents are positively reappraised too much. If your parents had set up conditions to illicit a lot of negative emotions in childhood, glossing over that might increase the risk of repeating the same mistakes as you raise your own children.

    I am a strong believer in living an examined life. People should be free to practice psychotherapy, and clients should be welcome to seek out therapies that dig deep into parental and childhood themes. In the same way that people who need X-rays should get them despite the small risks, people who need therapy should take it.

    Better to be as accurate as you can be, as we live fully examined and rich lives.

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

    ref. Psychotherapy may change memories of childhood – here’s why practitioners should warn clients – https://theconversation.com/psychotherapy-may-change-memories-of-childhood-heres-why-practitioners-should-warn-clients-243060

    MIL OSI – Global Reports