Category: housing

  • MIL-OSI Russia: Marat Khusnullin: An industrial park is planned to be created in Alchevsk, LPR

    Translartion. Region: Russians Fedetion –

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

    To ensure sustainable development of new regions, measures are taken to ensure long-term growth and unlock the potential of the territories. Master plans are developed and applied for their comprehensive development. Thus, according to this spatial planning document, in the city of Alchevsk in the Luhansk People’s Republic, along with the renovation of the housing stock and the modernization of the infrastructure, it is planned to create an industrial park. This was reported by Deputy Prime Minister Marat Khusnullin.

     

    “The development of regions involves making decisions that will work effectively in the long term. Ultimately, all changes should improve the quality of life of people. One of the tools that allows for a structural approach to the issue is a master plan. We apply its capabilities in new regions. For example, when developing a master plan for the city of Alchevsk in the LPR, the Unified Institute of Spatial Planning took into account, first of all, its historical industrial significance and advantageous transport location. That is why a decision was made to create an industrial park with an area of 82.5 hectares,” the Deputy Prime Minister said.

     

    Marat Khusnullin added that the master plan as a whole proposes the development of the leading sector of the Alchevsk economy – metallurgy, as well as sectors that have the potential to be integrated into existing production chains. In this regard, it is planned to accelerate the restoration of the production capacities of the city-forming enterprise – the Alchevsk Metallurgical Plant, the construction of two transport and logistics centers with a total area of 121.5 thousand square meters, as well as a section of the federal highway “Northern Bypass of Alchevsk” with a length of more than 28 km, which will eliminate the movement of transit vehicles through the city.

     

    “In Alchevsk, major repairs of existing and construction of new apartment buildings are planned. Each district will have its own public and business center with service, cultural and sports facilities. This will relieve the core of the city center, while preserving its historical scale, the structure of streets and blocks,” added Dina Sattarova, director of the Federal Autonomous Institution “Unified Institute of Spatial Planning of the Russian Federation.”

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

    MIL OSI Russia News

  • MIL-OSI: Growth in Originations Expected Across Multiple Credit Products in 2025

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) — Despite recent data calling into question the possibility of interest rate cuts over this year, new account originations across several credit products are still expected to grow in 2025. These findings were released today in conjunction with TransUnion’s (NYSE: TRU) newly issued Q4 2024 Quarterly Credit Industry Insights Report (CIIR).

    Following multiple years of depressed origination growth, largely driven by stubbornly high inflation, rising interest rates and elevated home and vehicle prices, new auto, mortgage, and unsecured personal loans are expected to see gains in 2025. A myriad of factors, not the least of which is lenders’ continued caution in their underwriting strategies, will likely temper the overall rate of growth across these products.

    “The Federal Reserve has signaled that it will not rush into interest rate cuts, potentially keeping rates at a level that could give consumers pause,” said Jason Laky, executive vice president and head of financial services at TransUnion. “However, we still believe that many consumer credit products will have higher originations in 2025. This will range from modest growth in auto and unsecured personal loans to more significant increases in mortgage.”

    Originations are Expected to Grow YoY Across Many Credit Products in 2025

    Loan Product Percent Change in Origination Growth
    Auto +2.7%
    Mortgage (Purchase) +13.3%
    Unsecured Personal Loans +5.7%

    Changes in originations are also impacted by trends within these lending products. A deeper dive into the origination picture for each loan product can be found below:

    • One key driver of the forecasted growth in auto originations is new light vehicle sales, which have been forecasted to grow 2.8% in 2025. However, forecasted growth may be tempered as industry and consumers navigate potential policy shifts introduced by the new administration. In addition, relatively high interest rates, inflation remaining above 2%, and a still recovering used vehicle supply may also mitigate auto originations growth.
    • Mortgage originations are forecast to increase from approximately 4.6 million in 2024 to approximately 5.7 million in 2025, with most of those being purchase originations (~3.8 million).
    • Unsecured personal loan lenders are expected to continue expanding lending to riskier tiers in 2025 as the macro economy continues to moderate. Originations are expected to increase to approximately 20.8 million over the year.

    TransUnion’s Q4 2024 Credit Industry Insights Report sees continued signs of stabilization across consumer credit products

    A number of the signs of a more stable consumer credit environment that emerged in Q3 2024 have continued over the past quarter across the credit spectrum. Originations saw some measure of YoY growth in the most recent quarter for which data are available for auto, mortgage, and unsecured personal loans. In credit cards, originations saw a smaller YoY decline than in recent quarters. Delinquencies ticked down across some credit products, although others saw increases. Balances saw increases that were more in line with rates seen prior to 2020 than in the years since.

    “In Q4 2024, we saw several signals inching towards a return to more typical patterns within the consumer credit market,” said Michele Raneri, vice president and head of research at TransUnion. “Originations ticked up across mortgage and auto and saw more significant growth in unsecured personal loans. In contrast, delinquencies presented more of a mixed bag, seeing increases in auto and mortgage, while at the same time decreasing for unsecured personal loans and credit cards. We will be looking for additional signs of improved performance in these markets moving forward.”

    To learn more about the latest consumer credit trends, register for the Q4 2024 Quarterly Credit Industry Insights Report webinar. Read on for more specific insights about credit cards, personal loans, auto loans and mortgages.

    Serious consumer-level delinquencies decline year-over-year for first time since 2020 in card

    Q4 2024 CIIR Credit Card Summary

    More signs of a return to equilibrium were present in the credit card market in Q4 2024. Consumer-level 90+ days past due delinquencies ticked down by 3 basis points YoY to 2.56%, which marked the first annual decrease since 2020. Similarly, account-level delinquencies fell by 4 basis points YoY to 1.46%. This is likely in part due to the continuation of a more conservative origination strategy among lenders. Originations saw a 4.8% YoY decline in Q3 2024. This marks the sixth consecutive quarter of declining new account volumes on an annual basis. Despite that, the slowdown in originations is decelerating, with the latest quarter seeing the smallest YoY decline since Q2 2023. Super prime was the only risk tier to see originations growth in Q3 2024, at 1.2% YoY. While originations have slowed, balances continued to grow to record highs, increasing 5.7% to $1.1 trillion. This growth was seen across risk tiers, though the pace of balance growth has returned closer to pre-2020 levels.

    Instant Analysis

    “Prior predictions had anticipated a moderation in delinquency rates in Q1 2025. The peak was pulled forward by the effect of recalibrated risk strategies and disproportionate originations in prime and above segments. At the same time, there are signs that consumer demand for credit cards may be increasing, as year-over-year originations declines are getting smaller, and some risk tiers, such as super prime, are increasing for the first time in several quarters.”

    – Paul Siegfried, senior vice president and credit card business leader at TransUnion

    Q4 2024 Credit Card Trends

    Credit Card Lending Metric (Bankcard) Q4 2024 Q4 2023 Q4 2022 Q4 2021
    Number of Credit Cards (Bankcards) 561.5 million 542.6 million 518.4 million 483.7 million
    Borrower-Level Delinquency Rate (90+ DPD) 2.56% 2.59% 2.26% 1.48%
    Total Credit Card Balances $1.11 Trillion $1.05 Trillion $931 billion $785 billion
    Average Debt Per Borrower $6,580
    $6,360 $5,805 $5,139
    Number of Consumers Carrying a Balance 173.1 million 169.9 million 166.0 million 159.0 million
    Prior Quarter Originations* 19.1 million 20.1 million 21.6 million 19.8 million
    Average New Account Credit Lines* $5,702
    $5,673 $5,226 $4,468


    *Note: Originations are viewed one quarter in arrears to account for reporting lag.

    For more credit card industry information, click here for episodes of Extra Credit: A Card and Banking Podcast by TransUnion.

    Growth in unsecured personal loan originations leads to record volumes, total balances

    Q4 2024 CIIR Unsecured Personal Loan Summary

    The positive trend in unsecured personal loans continued for another quarter. Originations for Q3 2024, the most recent quarter of data available, stood at 5.8 million – an increase of 15% year-over-year. This marked the third consecutive quarter of YoY growth and the first quarter of double-digit growth in two years (since Q2 2022). All risk tiers contributed to this expansion, especially the super prime and the below prime tiers, which grew around 17% compared to the prior year. This growth drove records, per Q4 2024 data, in the volume of outstanding loans, in total balances, and in the number of consumers with a balance. Concurrently, average debt per borrower was lower year-over-year in Q4 2024, driven by the prime and below risk tiers. Finally, 60+ DPD borrower-level delinquencies fell year-over-year for Q4 2024 to 3.57% — 33 basis points below the same quarter last year. The decline was due to risk mix shift as lower risk super prime borrowers continued to grow as a share of total loans, as well as from delinquencies among subprime borrowers which fell 136 basis points year-over-year.

    Instant Analysis

    “The unsecured personal loan market continued its rebound with originations growing year-over-year across risk tiers, and with strong double-digit growth for most of them. Additionally, borrower-level delinquencies still saw declines year-over-year. This was due to loans being issued across the credit spectrum – especially super prime – and from the subprime delinquency rate continuing to fall even as lending has opened back up to this segment. With the growth to date and optimism from lenders, we expect to see this as the beginning of a period of expansion.”

    – Liz Pagel, senior vice president of consumer lending at TransUnion

    Q4 2024 Unsecured Personal Loan Trends

    Personal Loan Metric Q4 2024 Q4 2023 Q4 2022 Q4 2021
    Total Balances $251 billion $245 billion $222 billion $167 billion
    Number of Unsecured Personal Loans 29.6 million 28.1 million 27.0 million 22.8 million
    Number of Consumers with Unsecured Personal Loans 24.5 million 23.5 million 22.5 million 19.9 million
    Borrower-Level Delinquency Rate (60+ DPD) 3.57% 3.90% 4.14% 3.00%
    Average Debt Per Borrower $11,607 $11,773 $11,116 $9,622
    Average Account Balance $8,496 $8,704 $8,195 $7,328
    Prior Quarter Originations* 5.8 million 5.0 million 5.6 million 5.1 million


    *Note: Originations are viewed one quarter in arrears to account for reporting lag.
    Click here for additional unsecured personal loan industry metrics.

    Mortgage delinquencies up year-over-year, yet remain low by historical standards

    Q4 2024 CIIR Mortgage Loan Summary

    Originations grew 7% YoY in Q3 2024, the most recent quarter for which data are available. This represented the third consecutive quarter in which mortgage originations were either flat or showed growth. Purchase originations continued to drive this growth, accounting for 82% of all originations for the quarter. This compares to a 68% average Q3 purchase share in the five years pre-pandemic. Rate and term refinance originations also played a role in this growth, seeing significant YoY growth of 174% in Q3 2024. This doubled the counts from the prior quarter as homeowners who recently opened a mortgage took advantage of the lowest rates in two years. Account-level delinquencies of 60+ days past due stood at 1.38% for Q4 2024. This remains a trend worth monitoring in coming quarters, particularly as the non-mortgage debt of homeowners continues to grow, up 7% YoY in Q3 2024.

    Instant Analysis

    “Despite recent quarters of growth, origination volumes continue to be depressed by historical standards. Recent Federal Reserve indications that interest rate reductions may occur more slowly may result in decelerated growth in 2025. Year-over-year increases in delinquency continue to be worth monitoring closely. Yet, even despite a relatively steady series of year-over-year increases in recent quarters, the rate remains extremely low relative to historical standards.”

    – Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

    Q4 2024 Mortgage Trends

    Mortgage Lending Metric Q4 2024 Q4 2023 Q4 2022 Q4 2021
    Number of Mortgage Loans 53.1 million 52.9 million 52.6 million 51.2 million
    Consumer-Level Delinquency Rate (60+ DPD) 1.29% 1.03% 0.89% 0.75%
    Prior Quarter Originations* 1.2 million 1.2 million 1.5 million 3.4 million
    Average Loan Amounts
    of New Mortgage Loans*
    $354,943 $337,977 $334,339 $311,743
    Average Balance per Consumer $263,923 $258,167 $252,212 $237,539
    Total Balances of All Mortgage Loans $12.2 trillion $12.0 trillion $11.7 trillion $10.7 trillion


    * O
    riginations are viewed one quarter in arrears to account for reporting lag.
    Click here for additional mortgage industry metrics. Click here for a Q4 2024 mortgage industry infographic.

    Auto originations up year-over-year driven by growth in super prime

    Q4 2024 CIIR Auto Loan Summary

    Originations were up 1.5% YoY in Q3 2024, although they still lagged 14.8% below the pre-pandemic Q3 2019. Super prime borrower originations led the way, up 8.5% YoY for the quarter. This growth was likely driven in part by increasingly available new inventory and increases in incentives. Other risk tiers saw YoY declines in originations, and when compared to 2019 levels, originations remained down across all risk tiers, with subprime seeing the largest decline (down 27.6%). Likely also driven in part by incentives, leasing continued its rebound from its Q4 2022 low (17%), at 24% of new vehicle registrations in Q4 2024. Consumer-level delinquencies of 60+ days past due continued to tick up in Q4 2024 to 1.67%. This represented an increase of 6 basis points YoY. New vehicle vintages continued to show delinquency performance in Q4 2024 consistent with pre-pandemic periods of 2018/2019. Used vehicle vintage delinquencies were slightly improved as compared to the 2022 cohort but remained worse than 2018/2019.

    Instant Analysis

    “Super prime was the underlying driver of auto originations growth in Q4 2024, and will likely continue in 2025. Affordability continues to be an issue for the used vehicle market and for below prime consumers, impacted by higher rates and cross-wallet inflation. This is unlikely to materially improve until we have more certainty around used vehicle inventory and interest rates. Delinquencies have now inched past highs previously seen in 2009, primarily driven by increases among below-prime risk tiers, and we will be monitoring them moving forward.”

    – Satyan Merchant, senior vice president, automotive and mortgage business leader at TransUnion

    Q4 2024 Auto Loan Trends

    Auto Lending Metric Q4 2024 Q4 2023 Q4 2022 Q4 2021
    Total Auto Loan Accounts 80.4 million 80.4 million 80.2 million 81.4 million
    Prior Quarter Originations1 6.4 million 6.3 million 6.5 million 7.2 million
    Average Monthly Payment NEW2 $749 $751 $729 $655
    Average Monthly Payment USED2 $523 $531 $527 $494
    Average Balance per Consumer $24,373 $23,945 $22,998 $21,298
    Average Amount Financed on New Auto Loans2 $42,023 $41,054 $41,941 $40,489
    Average Amount Financed on Used Auto Loans2 $26,135 $26,380 $27,442 $27,346
    Consumer-Level Delinquency Rate (60+ DPD) 1.67% 1.61% 1.43% 1.05%


    1
    Note: Originations are viewed one quarter in arrears to account for reporting lag.
    2Data from S&P Global MobilityAutoCreditInsight, Q4 2024 data only for months of October & November.
    Click here for additional auto industry metrics. Click here for a Q4 2024 auto industry infographic.

    For more information about the report, please register for the Q4 2024 Credit Industry Insight Report webinar.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    http://www.transunion.com/business

    Contact Dave Blumberg
      TransUnion
       
    E-mail dblumberg@transunion.com
       
    Telephone  312-972-6646

    The MIL Network

  • MIL-OSI: Aterian Issues Letter to Shareholders

    Source: GlobeNewswire (MIL-OSI)

    SUMMIT, N.J., Feb. 20, 2025 (GLOBE NEWSWIRE) — Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”), a technology-enabled consumer products company, today issued the following letter to shareholders from Arturo Rodriguez, Chief Executive Officer, and the Company’s Board of Directors.

    Dear Fellow Shareholders:

    While this is our first time writing to you directly, you are always at the forefront of our minds.

    Over the past 18 months, our team has undertaken a comprehensive reassessment of nearly every facet of Aterian’s business model as part of our turnaround strategy. This deep evaluation of our brand portfolio, marketing strategies, inventory management, marketplace operations, supply chain, and overall fixed costs laid the foundation for the strategic initiatives we have implemented. By successfully executing these changes, we have focused, simplified, and stabilized the Company, positioning Aterian to drive long-term shareholder value.

    Although there is still work to be done, we believe that 2025 marks the start of a new and promising chapter for Aterian as we pivot from stabilizing our operations towards sustainable growth.

    2024: A Year of Achievement

    2024 was a year of achievement as we delivered on many of our key objectives which we announced in late 2023. We streamlined our product portfolio to six highly regarded foundational brands—Squatty Potty, hOmeLabs, PurSteam, Mueller Living, Photo Paper Direct, and Healing Solutions—that deliver quality, affordable products to consumers. We also simplified our go-to-market and marketing strategies, improved efficiencies in our marketplace account structures and our supply chain and transitioned from an internally developed tech platform to a best-in-class third-party model, thereby increasing our efficiency, nimbleness, and cost savings. Additionally, we improved our working capital profile by completing our inventory rightsizing and renegotiating and extending our credit facility.

    In late 2024, we launched several new products under our PurSteam and Mueller Living brands, marking an exciting return to our product development efforts. Organic product launches remain an important component of our growth strategy, and we expect to continue these efforts throughout 2025, with a focus on the second half of the year.

    We also continue to deliver on our commitment to implementing an omnichannel sales approach to reach new consumers and remain competitive in the ever-evolving e-commerce landscape. In the fourth quarter of 2024, we began selling products from our hOmeLabs, PurSteam, and Mueller Living brands on Target+, the invitation-only online marketplace of Target Corporation, while expanding product offerings of Squatty Potty on Target+. This complements our established marketplace strength on Amazon.com, Walmart.com, and Mercado Libre in Mexico, as well as our direct-to-consumer websites. We also recently refreshed our PurSteam and Mueller Living websites, modernizing them to match the recent updates of those brands.

    Our Efforts are Yielding Tangible Results

    Our progress was evident in our third quarter 2024 year to date financial results. When compared to the same nine-month period in 2023, we generated significant improvements in gross margin and contribution margin, and narrowed our net loss by $56.3 million, or 84%.

    We also reported positive adjusted EBITDA for both the second and third quarters of 2024.

    At September 30, 2024, our cash flow from operations was $2.2 million, a $10.6 million improvement from the same period in 2023, our credit facility balance declined by $4.4 million from December 31, 2023, and we had cash on hand of $16.1 million.

    Fourth Quarter 2024 Preliminary Results

    This momentum carried into the final quarter of the year. For the fourth quarter of 2024, we now expect to report net revenue between $24.2 million and $25.0 million which is at the higher end of our previous guidance of $22.5 million to $25.5 million. As previously disclosed, we continue to expect that this level of revenue will produce approximately breakeven adjusted EBITDA.

    We expect that our cash position at December 31, 2024 will improve to approximately $18 million from $16.1 million at September 30, 2024, while our credit facility balance is expected to increase slightly from $6.7 million at September 30, 2024 to approximately $6.9 million at December 31, 2024.

    Full Year 2025: From Stability to Growth

    Looking ahead to 2025, we are confident that Aterian will evolve into a growth company, driven by our omnichannel expansion initiatives, organic product launches, and a commitment to prudent capital allocation strategies. In comparison to 2024, we expect to produce higher revenue, along with continuing improvements in operating efficiencies and adjusted EBITDA. More importantly, we believe that our efforts to date have placed us firmly on the path to producing these results on a sustainable basis.

    We believe we have taken a conservative approach in our expectations for 2025 by considering both the potential impact of increased tariffs on Chinese imports, and to a lesser extent, those from Canada, as well as the proactive measures we would implement to mitigate their effects. Our primary strategy to offset these tariffs would be price adjustments on select products, supplemented by additional cost-management initiatives, if deemed necessary. As trade policies evolve, we will continue to monitor developments and adjust our responses, as needed.

    We are continuing our efforts to identify product sourcing alternatives outside of China, wherever possible, in response to the current uncertainty of U.S. trade policies. As we navigate these challenges, we are fortunate to be supported by a strong balance sheet that provides us with the flexibility to adapt as needed while remaining focused on long-term growth and profitability.

    We look forward to providing additional clarity on our plans and outlook for 2025 in connection with our fourth quarter and full year financial results conference call scheduled for mid-March, and keeping you apprised of material developments.

    Looking ahead, the strength of our brands, the influence and accessibility provided by our marketplace relationships, and our passionate, talented and tenacious people will allow us to deliver on our mission to position Aterian to deliver sustainable, long-term shareholder value. We remain grateful for the continuing support of our shareholders. We hope this is the beginning of more frequent communications as we share in the excitement of Aterian’s bright future.

    Best regards,

    Arturo Rodriguez
    Chief Executive Officer

    About Aterian, Inc.
    Aterian, Inc. (Nasdaq: ATER) is a technology-enabled consumer products company that builds and acquires leading e-commerce brands with top selling consumer products, in multiple categories, including home and kitchen appliances, health and wellness and air quality devices. The Company sells across the world’s largest online marketplaces with a focus on Amazon,Walmart and Target in the U.S. and on its own direct to consumer websites. Our primary brands include Squatty Potty, hOmeLabs, Mueller Living, PurSteam, Healing Solutions and Photo Paper Direct. To learn more about Aterian and its brands, visit aterian.io

    Forward Looking Statements
    All statements other than statements of historical facts included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, regarding our expectations for growth in 2025, including our omnichannel expansion initiatives, organic product launches and our capital allocation strategies. These forward-looking statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties and other factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to, those related to our ability to continue as a going concern, our ability to meet financial covenants with our lenders, our ability to maintain and to grow market share in existing and new product categories; our ability to continue to profitably sell the SKUs we operate; our ability to create operating leverage and efficiency when integrating companies that we acquire, including through the use of our team’s expertise, the economies of scale of our supply chain and automation driven by our platform; those related to our ability to grow internationally and through the launch of products under our brands and the acquisition of additional brands; those related to consumer demand, our cash flows, financial condition, forecasting and revenue growth rate; our supply chain including sourcing, manufacturing, warehousing and fulfillment; our ability to manage expenses, working capital and capital expenditures efficiently; our business model and our technology platform; our ability to disrupt the consumer products industry; our ability to generate profitability and stockholder value; international tariffs and trade measures; inventory management, product liability claims, recalls or other safety and regulatory concerns; reliance on third party online marketplaces; seasonal and quarterly variations in our revenue; acquisitions of other companies and technologies and our ability to integrate such companies and technologies with our business; our ability to continue to access debt and equity capital (including on terms advantageous to the Company) and the extent of our leverage; and other factors discussed in the “Risk Factors” section of our most recent periodic reports filed with the Securities and Exchange Commission (“SEC”), all of which you may obtain for free on the SEC’s website at www.sec.gov.

    Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

    Contact: 
    The Equity Group

    Devin Sullivan
    Managing Director
    dsullivan@equityny.com

    Conor Rodriguez
    Associate
    crodriguez@equityny.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fac8af25-1eb0-4a9b-b114-ed58c424cb02

    The MIL Network

  • MIL-OSI: DIRECTV Advertising and Magnite Enhance Live Streaming Programmatic Demand During Peak Viewing Events

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) — Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, and DIRECTV Advertising, a pioneer in the converged TV addressable space, are leveraging programmatic demand capabilities to unlock the full potential of live streaming advertising. Magnite and DIRECTV Advertising’s collaboration addresses significant advertising challenges in live streaming, from responding to unpredictable traffic volume to delivering diverse ad experiences.

    Earlier this year, DIRECTV Advertising announced the programmatic enablement of their satellite-connected devices. The unbridling of DIRECTV’s satellite inventory represents greater scale and access to new audiences within linear programming, high-viewership events, and live sports. There’s a clear opportunity with sports, as both viewership and traffic increase during live events, with viewership growing as much as 10X for big games. While high-profile events attract approximately 20% more net-new advertisers, about half of existing and active buyers double their bids when compared to off-peak levels. By matching programmatic demand with real-time traffic surges, DIRECTV and Magnite can effectively manage incremental supply and serve uninterrupted ads during key moments.

    With more regional sports than other pay TV providers, DIRECTV has long been a home for live sports. In early 2025, DIRECTV solidified its position as a sports leader by launching MySports, a bespoke skinny bundle aimed at reaching avid sports fans. DIRECTV is committed to giving viewers the flexibility to choose the right level of service, at the right value, based on their personal interests.

    For advertisers, purchasing live inventory has never been easier, and to further improve the experience, DIRECTV Advertising provides buyers access to rich content metadata signals. Leveraging these signals creates buying transparency and ad relevancy by allowing advertisers access to content at the network, rating, and genre-level. With DIRECTV expanding its premium TV supply, marketers now have access to incremental live sports inventory through Magnite’s platform. DIRECTV will be testing Magnite’s Live Stream Acceleration (LSA) technology, designed to help streaming publishers optimize their live inventory programmatically and surface more opportunities for advertisers.

    “We’re excited to create more opportunities for advertisers to access highly sought after live sports inventory during key demand peaks,” said Ken Ripley, VP, Growth & Marketing at DIRECTV Advertising. “One of the ways we’re delivering this is through the expansion of our programmatically enabled inventory. We’re not only doubling our marketplace supply but unlocking new and unique reach for advertisers. Together with Magnite’s tech solutions, we’re setting new precedents, and paving the way for the future of advanced programmatic execution in live CTV.”

    “By combining our technology that optimizes programmatic advertising in live CTV environments and DIRECTV’s expansive live content footprint, we’re driving better outcomes for advertisers and maintaining a high-quality viewing experience for consumers,” said Mike Laband, Group SVP, Revenue, US at Magnite. “The significant spikes in demand during live sporting events show the untapped potential that media owners should be leaning towards. It’s encouraging to see DIRECTV embracing programmatic demand and offering contextual signals to provide advertisers with more transparency.”

    About Magnite
    We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

    About DIRECTV
    DIRECTV Advertising is a pioneer in the converged addressable space, delivering industry leading audience-based, digital, and innovative media solutions. Employing our decades of experience, we empower advertisers to address and engage their audience at scale while continuously measuring campaign impact against brand goals to unlock insights and optimize future campaigns. 

    Media Contact:
    Charlstie Veith
    cveith@magnite.com

    Investor Contact:
    Nick Kormeluk
    nkormeluk@magnite.com

    The MIL Network

  • MIL-OSI: Oxford Lane Capital Corp. Prices Public Offering of $165,000,000 7.95% Notes Due 2032

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Feb. 20, 2025 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (the “Company”) today announced that it has priced an underwritten public offering of $165,000,000 in aggregate principal amount of 7.95% unsecured notes due 2032. The notes will mature on February 29, 2032, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after February 28, 2030. The notes will bear interest at a rate of 7.95% per year payable quarterly on March 31, June 30, September 30, and December 31 of each year, commencing June 30, 2025.

    The offering is expected to close on February 27, 2025, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional $24,750,000 in aggregate principal amount of notes. The notes are expected to be listed on the NASDAQ Global Select Market and to trade thereon within 30 days of the original issue date under the trading symbol “OXLCG”.

    The Company expects to use the net proceeds from this offering to acquire investments in accordance with its investment objective and strategies and for general working capital purposes.

    Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering, Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering, and Ladenburg Thalmann & Co. Inc. is acting as co-manager for the offering.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

    A shelf registration statement relating to these securities is on file with the Securities and Exchange Commission and is effective. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from the following investment banks: Lucid Capital Markets, LLC, 570 Lexington Ave, 40th Floor, New York, NY 10022 or by telephone number (646) 362-0256; Piper Sandler & Co., Attn: Debt Capital Markets, 1251 Avenue of the Americas, 6th Floor, New York, NY 10020 or by e-mailing fsg-dcm@psc.com. The preliminary prospectus supplement, dated February 19, 2025, and accompanying prospectus, dated November 8, 2024, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.

    About Oxford Lane Capital Corp.

    Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

    Forward-Looking Statements

    This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions, including statements with regard to the anticipated use of the net proceeds of the Company’s offering of the Notes. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law.

    Contact:

    Bruce Rubin
    203-983-5280

    The MIL Network

  • MIL-OSI: Monarch Private Capital Powers Into 2025 With Record Growth, Innovation, and a Bold Vision for the Future

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Feb. 20, 2025 (GLOBE NEWSWIRE) —  Monarch Private Capital, a national leader in impact investing, is redefining the future of tax equity investments with a landmark year of achievements in 2024. By strategically expanding its efforts across affordable housing, renewable energy, historic rehabilitation, and film, Monarch is not only generating billions in economic development but also driving transformative change in communities nationwide.

    As demand for sustainable solutions and responsible investing reaches new heights, Monarch continues to lead the charge—investing in projects that create jobs, reduce carbon footprints, and provide critical housing solutions. With a new $275 million bond issuance, an innovative solar and battery storage initiative for low-income housing, and record-breaking project investments, Monarch is setting the stage for even greater impact in 2025 and beyond.

    Unprecedented Growth Across Key Sectors In 2024

    • Renewable Energy: 75 new projects, generating $1.5 billion in tax credits and enabling $3.3 billion in clean energy investments—adding 1.7 GW of renewable energy capacity to the U.S. grid. This prevents an annual abatement of 1,530,807 metric tons of CO₂e emissions—equivalent to removing 319,014 homes’ electricity use for one year.
    • Affordable Housing: 23 new projects, unlocking $268 million in tax credits and $747 million in project capital, creating 2,429 affordable homes for families in need.
    • Historic Rehabilitation: 18 revitalization projects, bringing nearly $60 million in tax credits and over $500 million in redevelopment costs, breathing new life into historic properties—many in underserved communities.
    • New $275 Million Bond Issuance: Financing affordable housing projects to help close the housing gap in the U.S., ensuring more families have access to safe, stable homes.
    • Film & Entertainment: Brokered and financed $169 million in state tax credits for film, tv, and digital media, supporting 49 productions nationwide. These projects contributed to over $650 million in local production spending, driving economic growth and energizing creative industries across the U.S.  

    Fueling the Future: Clean Energy Meets Affordable Housing

    With an unwavering commitment to innovation, Monarch is redefining affordable housing through its groundbreaking Monarch Strategic Ventures initiative.

    This forward-thinking program is integrating solar energy and battery storage into low-income housing income (LMI) communities—targeting a 20% reduction in tenant’s electricity bills while making affordable housing more sustainable. But the impact goes beyond cost savings:

    • Creating new construction jobs during installation
    • Generating ongoing employment in operations, maintenance, and administrative roles
    • Reducing environmental impact while improving energy resilience for vulnerable communities
    • Enhancing grid flexibility to balance burgeoning electricity demand growth

    We don’t just invest in projects—we invest in people, communities, and the future,” said George Strobel, Partner, Co-Founder, and Co-CEO of Monarch Private Capital. “With the launch of our $275 million bond initiative and our expansion into clean energy housing solutions, we are scaling our impact like never before. We are building a stronger, more sustainable, and more equitable future—one investment at a time.”

    Monarch’s Legacy: A $37 Billion Economic Impact

    Since 2005, Monarch Private Capital has turned tax equity investments into real-world impact, delivering:

    • Nearly 50,000 affordable housing units built
    • More than 300,000 jobs created
    • 4.7 GW of renewable energy capacity to the U.S. grid, preventing an annual abatement of 4,157,534 metric tons of CO₂e emissions—equivalent to removing C02 emissions from 866,412 homes’ electricity use for one year 
    • The revitalization of 187 historic buildings
    • $7.2 billion in tax credits leveraged across 42 states and Washington, D.C.
    • $18 billion in project capital mobilized

    And the momentum is only growing.

    By combining financial expertise with a bold vision for the future, Monarch Private Capital is positioned to drive unprecedented impact in 2025—expanding access to affordable housing, accelerating the transition to clean energy, and strengthening communities across America.

    Join the Movement.

    For more information, please contact George Strobel at gstrobel@monarchprivate.com.

    About Monarch Private Capital

    Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs and homes. The funds provide predictable returns through the generation of federal and state tax credits. The Company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.

    CONTACT

    Jane Rafeedie

    Monarch Private Capital

    Jrafeedie@monarchprivate.com

    470-283-8431

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/86597a51-4a44-469c-9ca3-69f62b265d4e

    The MIL Network

  • MIL-OSI: Atos successfully deploys new, innovative sport technologies during the Winter European Youth Olympic Festival Bakuriani 2025

    Source: GlobeNewswire (MIL-OSI)

                                                                    News

    Atos successfully deploys new, innovative sport technologies during the Winter European Youth Olympic Festival Bakuriani 2025

    New, integrated technologies contributed to the event success and are now field-proven, ready to be deployed at a larger scale.

    Bakuriani, Georgia, and Paris, France, February 20, 2025 – Atos, a global leader in digital transformation and the Technology Partner of the Winter European Youth Olympic Festival (EYOF) Bakuriani 2025, today announces that its innovative IT services contributed to the success of the event from February 9 to 16, 2025. Atos delivered a comprehensive suite of digital services that enhanced fan experience, optimized event operations, and brought the Festival closer to audiences across Europe.

    Atos provided traditional Timing and Results services, ensuring accuracy and efficiency across all sports. It also powered the official event website and mobile application, a real-time results information system, and an interactive database allowing fans and stakeholders to effortlessly access key statistics and insights. Atos enabled the live streaming production and distribution of all competitions, enabling rights-holding broadcasters and media partners to seamlessly share the action with audiences worldwide.

    The Winter European Youth Olympic Festival was also the opportunity for Atos and the organizing committee to showcase innovative technologies which deepened the experience, immersion and engagement of stakeholders.

    • Artificial Intelligence (AI) powered Media Center for press and stakeholders

    During the event, Atos provided for the first time exclusive, automated and AI-powered media clips and highlights to official stakeholders, including Olympic Committees, federations, and accredited media outlets across Europe. Through a password-protected content management system, users could submit natural language requests for read-to-use video clips about an athlete, a sport, a result or a game situation, users received a corresponding ready-to-use video clip. The Atos AI-powered Media Center then automatically recovered, edited and customized footage for each type of user. This breakthrough technology is expected to incredibly speed up video dissemination for major events worldwide.

    • On- and Off-site immersion

    In collaboration with the Organizing Committee, an innovative solution has been developed to keep onsite attendees and online users informed about live events. The system combines real-time results with video highlights, providing a complete overview of ongoing competitions on a single screen. News feeds were also broadcast on giant screens at event venues, ensuring an immersive experience for all spectators.

    • An AI-powered chatbot

    The AI-powered chatbot designed to answer fan inquiries about Georgia, the Festival, and historical results, has proven its efficiency by providing instant, reliable information throughout the event.

    • SportEurope integrated, unified platform

    Atos developed SportEurope for the European Olympic Committees (EOC), an online fan ecosystem that integrates the event’s web presence, social media domains and marketing automation systems, ensuring continuous engagement with sports enthusiasts across Europe. Through strategic content creation in collaboration with athletes, European National Olympic Committees and European sports federations, SportEurope fosters a vibrant community around the Games.

    Atos developed the Winter Crystal gaming experience, a mobile game that places players in digitized environments of Georgian landmarks and EYOF venues. This interactive adventure involves solving games and completing challenges to explore the spirit of the Games while competing for the prestigious Winter Crystal award.

    “We are delighted that our technologies were instrumental in the success of the European Youth Olympic Festival” said Nacho Moros, Head of Atos Major Events. “This inspiring event was also the perfect venue to introduce new and innovative solutions and continue to set new benchmarks in digital transformation for major sporting events. We are confident these field-proven technologies will soon be deployed in world-class events”.

    “Atos provided a high level of professional service and made a significant contribution to the success of the Bakuriani 2025 Olympic Festival”, said Zurab Tuskia, Head of IT & Accreditation, EYOF Bakuriani 2025 OC. “We would like to thank Atos for their professional support, which was demonstrated through the prompt resolution of any issues that arose throughout our time together, as well as for the strong and friendly relationship that was formed between the IT department and the Atos team during the Olympic Festival.”         

    Key figures:

    • 8 sports operated, 5 venues in 3 host cities (Bakuriani, Batumi and Tbilisi).
    • Atos staff: 56 on site plus 10 on remote support
    • over 30 days on site operations.
    • over 150 laptops, 70 mobile phones, and Sport Specific devices.
    • 3.334 accreditations
    • over 200 live streaming hours.

    Digital achievements:

    • over 1 million Instagram views, 60,000 TikTok views, 60,000+ visits to sporteurope.org
    • AI-generated articles ranked among the Top 7 most viewed pages.
    • 2,000 active users on the app.
    • over 200 active users for the Winter Crystal mobile game.
    • over 100 users accessing the Gaudi multimedia repository & over 550 downloads. Notable users include over 40 European National Olympic Committees, Local Organizing Committees and Sport Federations.
    • 30% of Sport Europe users are opening the Email Marketing emails.

    Atos has been serving its partners and customers through a dedicated in-house sports and major events division (“Major Events”) for over 30 years, giving it an unmatched experience and the flexibility to serve its customers regardless of their exposure, size and scale. From global events to local competitions, Atos consistently strives to deliver technology excellence to its entire customer base. 

    Atos has been involved with the Olympic Movement since 1992 and the Paralympic Movement since 2002 and is the Official Digital Technology Partner of the European Olympic Committees, including the European Games 2027, as well as the official Digital partner for Special Olympics International. In addition, the company is also the Official Information Technology Partner of UEFA National Team Football. Most recently, Atos has been instrumental in delivering successful leading-edge IT services for iconic events such as UEFA EURO 2024™ in Germany and the Olympic and Paralympic Games Paris 2024. 

    To learn more about Atos solutions for sporting events and major events, visit Atos major events

    ***

    About European Youth Olympics Festival Bakuriani 2025

    The EOC is an international non-governmental not-for-profit organization whose objective is to propagate the fundamental principles of Olympism at European level. Held under the patronage of the IOC, and the pride of the European Olympic Committees with almost 35 years of tradition, the EYOF is the first top European multi-sport event aimed at young athletes aged 14 to 18. There is a winter and a summer edition, which take place in two-year cycles, in odd-numbered years.

    The event is rich with Olympic traditions: from the burning flame to athletes’ and officials’ oaths. It is at the EYOF that many of Europe’s aspiring sports stars take their first steps on the international stage. And while some may look to the EYOF as a stepping-stone to Olympic greatness, all who participate take home friendships and experiences to last a lifetime.

    About Atos

    Atos is a global leader in digital transformation with c. 82,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contact
    Laurent Massicot | laurent.massicot@atos.net | +33 (0)7 69 48 01 80

    Attachment

    The MIL Network

  • MIL-OSI: Sophos and Pax8 Announce Strategic Partnership to Streamline Security Management

    Source: GlobeNewswire (MIL-OSI)

    OXFORD, United Kingdom, and DENVER, Feb. 20, 2025 (GLOBE NEWSWIRE) — Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced a strategic partnership with Pax8, the leading cloud commerce marketplace. The collaboration introduces the most comprehensive portfolio of cybersecurity solutions available to Pax8’s network of more than 40,000 managed service providers (MSPs). MSPs in the Pax8 network now have a complete one-stop shop of best-in-class cybersecurity solutions available from a single vendor – including Sophos Managed Detection and Response (MDR), Sophos Endpoint powered by Intercept X and Sophos Firewall. This revolutionizes opportunities for channel partners to streamline operations, simplify billing and significantly reduce the complexity of cybersecurity management across customers.

    According to the Sophos MSP Perspectives 2024 report, MSPs that consolidate their security stack with a single vendor can cut daily security management time by nearly 50% – a savings that jumps to 69% for those juggling six or more security vendors. By partnering with Pax8, Sophos is removing a key operational barrier for MSPs, enabling them to seamlessly manage cybersecurity through a single vendor platform to streamline solution integration and enhance efficiency while strengthening their security posture and simplifying cloud procurement cycles.

    “Sophos and Pax8 are strongly aligned in our mission to empower MSPs with best-in-class end-to-end security services and products while simplifying lifecycle management of these solutions and reducing operational overhead. MSPs want to align with vendors who are easy to work with and this agreement will make it even easier for MSPs to work with Sophos, something we’ve long been committed to,” said Joe Levy, CEO of Sophos. “With cybersecurity, speed and innovation are essential for defending against attackers. This partnership with Pax8 accelerates MSP access to critical cybersecurity tools, enabling them to better protect their customers in an increasingly complex and volatile threat landscape.”

    Key advantages of the Sophos and Pax8 partnership for MSPs include:

    • Driving new revenue opportunities for partners by providing the most comprehensive portfolio of security offerings by a single vendor on the Pax8 Marketplace.
    • Reducing overhead costs and freeing up partners’ billable hours by simplifying procurement and billing via a fully integrated Pax8 Marketplace experience.
    • Empowering partners with seamless experiences through coordinated MSP enablement, support and sales training initiatives.
    • Compatible and comprehensive 24/7 security for MSPs’ Microsoft Defender customers with Sophos’ MDR service for Microsoft environments.

    “MSPs today need solutions that align with the way they operate—cloud-first, flexible and easy to manage at scale. Pax8 is revolutionizing the way MSPs access and deploy cloud-based solutions, and cybersecurity is an important piece of the overall stack,” said Scott Chasin, Chief Executive Officer of Pax8. “By bringing Sophos’ innovative security offerings to our marketplace, Pax8 is providing our partners with access to enterprise-grade security solutions for their SMB customers in a way that simplifies management, reduces risk and drives profitability.”

    Comprehensive Security, Unparalleled Efficiency
    “MSPs say they could cut day to day management time almost in half by consolidating on a single cybersecurity platform – and Sophos enables them to achieve that goal. By managing all their customers’ cybersecurity in the cloud-based Sophos Central platform, MSPs can reduce workload and free up valuable billing hours,” said Raja Patel, Chief Product Officer, Sophos. “What’s more, with a complete portfolio of Sophos cybersecurity solutions at their fingertips, Pax8 MSPs enjoy extensive opportunities to sell additional revenue-generating products and services that meet their clients’ evolving cybersecurity needs.”

    Backed by real-time threat intelligence from Sophos X-Ops, a global team of elite threat hunters and security analysts, Sophos’ solutions provide proactive, AI-driven protection against cyberattacks. As the leading pure-play cybersecurity provider of MDR services, Sophos protects over 28,000 organizations globally. Insights from Sophos MDR further strengthens security by providing MSPs and their customers with unparalleled protection. Automated threat detection, managed response, and deep security insights across Sophos’s portfolios equip MSPs to enhance defenses, minimize risk exposure, deliver enterprise-grade protection and cut through the noise to reduce management complexity. 

    Better security for Microsoft environments

    More than 60% of Sophos MDR’s customers are managed via MSPs, giving Sophos unparalleled insights into attacks on MSP-managed environments. Sophos leverages these learnings to update customers’ defenses in real-time, optimizing their protection from ever-evolving attacks and providing peace of mind to both clients and partners. Furthermore, with Sophos’s robust MDR service for Microsoft environments, Pax8 MSPs can elevate the security of clients using Microsoft Defender while enabling their customers to see greater return on their Microsoft investments.

    The Sophos MDR service through Pax8 supports MSPs in several ways. They can either leverage Sophos’ managed service completely or to augment their customers’ in-house department, including coverage on nights and weekends, which are critical times to defend networks because they are when attackers often strike. For MSPs that provide in-house MDR services, the new AI Assistant in Sophos XDR enables operators of all skill levels to neutralize adversaries faster with existing threat investigation and response intelligence from frontline Sophos MDR analysts. 

    Availability 
    The Sophos offering will be available on the Pax8 Marketplace starting February 28, 2025. Pax8 partners interested in learning more about Sophos offerings coming to the Pax8 Marketplace can learn more and sign up at www.sophos.com/msp.

    About Sophos
    Sophos is a global leader and innovator of advanced security solutions for defeating cyberattacks. The company acquired Secureworks in February 2025, bringing together two pioneers that have redefined the cybersecurity industry with their innovative, native AI-optimized services, technologies and products. Sophos is now the largest pure-play Managed Detection and Response (MDR) provider, supporting more than 28,000 organizations. In addition to MDR and other services, Sophos’ complete portfolio includes industry-leading endpoint, network, email, and cloud security that interoperate and adapt to defend through the Sophos Central platform. Secureworks provides the innovative, market-leading Taegis XDR/MDR, identity threat detection and response (ITDR), next-gen SIEM capabilities, managed risk, and a comprehensive set of advisory services. Sophos sells all these solutions through reseller partners, Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) worldwide, defending more than 600,000 organizations worldwide from phishing, ransomware, data theft, other every day and state-sponsored cybercrimes. The solutions are powered by historical and real-time threat intelligence from Sophos X-Ops and the newly added Counter Threat Unit (CTU). Sophos is headquartered in Oxford, U.K. More information is available at www.sophos.com.

    About Pax8
    Pax8 is the technology marketplace of the future, linking partners, vendors, and small to midsized businesses (SMBs) through AI-powered insights and comprehensive product support. With a global partner ecosystem of over 40,000 managed service providers, Pax8 empowers SMBs worldwide by providing software and services that unlock their growth potential and enhance their security. Committed to innovating cloud commerce at scale, Pax8 drives customer acquisition and solution consumption across its entire ecosystem.
    Follow Pax8 on Blog, Facebook, LinkedIn, X, and YouTube

    The MIL Network

  • MIL-OSI: Greystone Housing Impact Investors Reports Fourth Quarter 2024 and Annual 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    OMAHA, Neb., Feb. 20, 2025 (GLOBE NEWSWIRE) — On February 20, 2025, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced financial results for the three months and year ended December 31, 2024.

    Financial Highlights

    The Partnership reported the following results as of and for the three months ended December 31, 2024:

    • Net income of $0.39 per Beneficial Unit Certificate (“BUC”), basic and diluted
    • Cash Available for Distribution (“CAD”) of $0.18 per BUC
    • Total assets of $1.58 billion
    • Total Mortgage Revenue Bond (“MRB”) and Governmental Issuer Loan (“GIL”) investments of $1.25 billion

    The difference between reported net income per BUC and CAD per BUC is primarily due to the treatment of unrealized gains on the Partnership’s interest rate derivative positions. Unrealized gains of approximately $7.0 million are included in net income for the three months ended December 31, 2024. Unrealized gains are a result of the impact of increased market interest rates on the calculated fair value of the Partnership’s interest rate derivative positions. Unrealized gains and losses do not affect our cash earnings and are added back to net income when calculating the Partnership’s CAD. The Partnership received net cash from its interest rate derivative positions totaling approximately $1.3 million during the fourth quarter.

    The Partnership reported the following results for the year ended December 31, 2024:

    • Net income of $0.76 per BUC, basic and diluted
    • CAD of $0.95 per BUC

    In December 2024, the Partnership announced that the Board of Managers of Greystone AF Manager LLC declared a regular quarterly distribution to the Partnership’s BUC holders of $0.37 per BUC. The distribution was paid on January 31, 2025, to BUC holders of record as of the close of trading on December 31, 2024.

    Management Remarks

    “2024 was a challenging year from a number of different perspectives,” said Kenneth C. Rogozinski, the Partnership’s Chief Executive Officer. “The conditions in the multifamily markets, both higher interest rates and operating expenses, presented challenges to our joint venture equity investments. Interest rate volatility also impacted the efficiency of some of our securitization transactions. However, we are encouraged by the opportunities that we are starting to see in 2025. The dedicated pool of capital that we have from the new BlackRock construction lending joint venture is a powerful new tool for us to serve our affordable housing developer relationship base.”

    Recent Investment and Financing Activity

    The Partnership reported the following updates for the fourth quarter of 2024:

    • Advanced funds on MRB and taxable MRB investments totaling $36.8 million.
    • Advanced funds on GIL, taxable GIL and property loan investments totaling $32.0 million.
    • Advanced funds to joint venture equity investments totaling $11.2 million.
    • Received proceeds from the sale of an MRB totaling $11.5 million.
    • Entered into the 2024 PFA Securitization Transaction representing fixed rate, matched term, non-recourse and non-mark to market debt financing totaling $75.4 million.

    In January 2025, the Partnership received proceeds from the sale of Vantage at Tomball located in Tomball, Texas, totaling $14.2 million, inclusive of the Partnership’s initial investment commitment made in August 2020. The Partnership estimates it will not recognize any gain, loss, or CAD upon sale.

    Investment Portfolio Updates

    The Partnership announced the following updates regarding its investment portfolio:

    • All MRB and GIL investments are current on contractual principal and interest payments and the Partnership has received no requests for forbearance of contractual principal and interest payments from borrowers as of December 31, 2024.
    • The Partnership continues to execute its hedging strategy, primarily through interest rate swaps, to reduce the impact of changing market interest rates. The Partnership received net payments under its interest rate swap portfolio of approximately $1.3 million and $6.5 million during the three months and year ended December 31, 2024, respectively. From January 1, 2023 through December 31, 2024, the Partnership received net swap payments totaling $12.3 million or approximately $0.53 per BUC.
    • Six joint venture equity investment properties have completed construction, with three properties having previously achieved 90% occupancy. Four of the Partnership’s joint venture equity investments are currently under construction or in development, with none having experienced material supply chain disruptions for either construction materials or labor to date.

    Earnings Webcast & Conference Call

    The Partnership will host a conference call for investors on Thursday, February 20, 2025 at 4:30 p.m. Eastern Time to discuss the Partnership’s Fourth Quarter and full-year 2024 results.

    For those interested in participating in the question-and-answer session, participants may dial-in toll free at (877) 407-8813. International participants may dial-in at +1 (201) 689-8521. No pin or code number is needed.

    The call is also being webcast live in listen-only mode. The webcast can be accessed via the Partnership’s website under “Events & Presentations” or via the following link:
    https://event.choruscall.com/mediaframe/webcast.html?webcastid=T0wdPGmd

    It is recommended that you join 15 minutes before the conference call begins (although you may register, dial-in or access the webcast at any time during the call).

    A recorded replay of the webcast will be made available on the Partnership’s Investor Relations website at http://www.ghiinvestors.com.

    About Greystone Housing Impact Investors LP

    Greystone Housing Impact Investors LP was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, seniors and student housing properties. The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis. The Partnership expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by its Second Amended and Restated Limited Partnership Agreement, dated December 5, 2022 (the “Partnership Agreement”), taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments. Greystone Housing Impact Investors LP press releases are available at www.ghiinvestors.com.

    Safe Harbor Statement

    Certain statements in this press release are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as “believe,” “expect,” “future,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “should,” “will,” “estimates,” “potential,” “continue,” or other similar words or phrases. Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Partnership. The Partnership cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: defaults on the mortgage loans securing our mortgage revenue bonds and governmental issuer loans; the competitive environment in which the Partnership operates; risks associated with investing in multifamily, student, senior citizen residential properties and commercial properties; general economic, geopolitical, and financial conditions, including the current and future impact of changing interest rates, inflation, and international conflicts (including the Russia-Ukraine war and the Israel-Hamas war) on business operations, employment, and financial conditions; uncertain conditions within the domestic and international macroeconomic environment, including monetary and fiscal policy and conditions in the investment, credit, interest rate, and derivatives markets; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies, including in particular China, Japan, the European Union, and the United Kingdom; the general condition of the real estate markets in the regions in which the Partnership operates, which may be unfavorably impacted by pressures in the commercial real estate sector, incrementally higher unemployment rates, persistent elevated inflation levels, and other factors; changes in interest rates and credit spreads, as well as the success of any hedging strategies the Partnership may undertake in relation to such changes, and the effect such changes may have on the relative spreads between the yield on investments and cost of financing; the aggregate effect of elevated inflation levels over the past several years, spurred by multiple factors including expansionary monetary and fiscal policy, higher commodity prices, a tight labor market, and low residential vacancy rates, which may result in continued elevated interest rate levels and increased market volatility; the Partnership’s ability to access debt and equity capital to finance its assets; current maturities of the Partnership’s financing arrangements and the Partnership’s ability to renew or refinance such financing arrangements; local, regional, national and international economic and credit market conditions; recapture of previously issued Low Income Housing Tax Credits in accordance with Section 42 of the Internal Revenue Code; geographic concentration of properties related to investments held by the Partnership; changes in the U.S. corporate tax code and other government regulations affecting the Partnership’s business; and the other risks detailed in the Partnership’s SEC filings (including but not limited to, the Partnership’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K). Readers are urged to consider these factors carefully in evaluating the forward-looking statements.

    If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, the developments and future events concerning the Partnership set forth in this press release may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this document. We anticipate that subsequent events and developments will cause our expectations and beliefs to change. The Partnership assumes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, unless obligated to do so under the federal securities laws.

    GREYSTONE HOUSING IMPACT INVESTORS LP
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (UNAUDITED)
     
        For the Three Months Ended
    December 31,
        For the Years Ended December 31,
        2024     2023     2024     2023    
    Revenues:                                
      Investment income $ 20,056,000     $ 20,010,343     $ 80,976,706     $ 82,266,198    
      Other interest income   2,199,643       1,034,638       9,509,307       17,756,044    
      Property revenues                       4,567,506    
      Other income   330,381       60,702       785,386       310,916    
    Total revenues   22,586,024       25,184,617       91,271,399       104,900,664    
    Expenses:                                
      Real estate operating (exclusive of items shown below)         573,255             2,663,868    
      Provision for credit losses (Note 10)   (24,000 )     (466,000 )     (1,036,308 )     (2,347,000 )  
      Depreciation and amortization   5,967       313,626       23,867       1,537,448    
      Interest expense   15,840,620       16,849,384       60,032,007       69,066,763    
      Net result from derivative transactions (Note 15)   (8,239,844 )     7,168,413       (8,495,426 )     (7,371,584 )  
      General and administrative   4,787,849       4,889,014       19,652,622       20,399,489    
    Total expenses   12,370,592       29,327,692       70,176,762       83,948,984    
    Other income:                                
      Gain on sale of real estate assets         10,363,363       63,739       10,363,363    
      Gain on sale of mortgage revenue bond   1,207,673             2,220,254          
      Gain on sale of investments in unconsolidated entities   60,858             117,844       22,725,398    
      Earnings (losses) from investments in unconsolidated entities   (1,315,042 )     (17,879 )     (2,140,694 )     (17,879 )  
    Income before income taxes   10,168,921       6,202,409       21,355,780       54,022,562    
      Income tax expense (benefit)   36,398       (1,515 )     32,447       10,866    
    Net income   10,132,523       6,203,924       21,323,333       54,011,696    
      Redeemable Preferred Unit distributions and accretion   (741,477 )     (622,590 )     (2,991,671 )     (2,868,578 )  
    Net income available to Partners $ 9,391,046     $ 5,581,334     $ 18,331,662     $ 51,143,118    
                                       
    Net income available to Partners allocated to:                                
      General Partner $ 390,766     $ 75,252     $ 479,602     $ 3,589,447    
      Limited Partners – BUCs   8,937,983       5,472,230       17,587,205       47,209,260    
      Limited Partners – Restricted units   62,297       33,852       264,855       344,411    
        $ 9,391,046     $ 5,581,334     $ 18,331,662     $ 51,143,118    
    BUC holders’ interest in net income per BUC, basic and diluted $ 0.39     $ 0.24   ** $ 0.76   * $ 2.06   **
    Weighted average number of BUCs outstanding, basic   23,115,162       22,947,795   **   23,071,141   *   22,929,966   **
    Weighted average number of BUCs outstanding, diluted   23,115,162       22,947,795   **   23,071,141   *   22,929,966   **
       
    * The amounts indicated above have been adjusted to reflect the distribution completed on April 30, 2024 in the form of additional BUCs at a ratio of 0.00417 BUCs for each BUC outstanding as of March 28, 2024 on a retroactive basis.
       
    ** On July 31, 2023, the Partnership completed a distribution in the form of additional BUCs at a ratio of 0.00448 BUCs for each BUC outstanding as of June 30, 2023 (the “Second Quarter 2023 BUCs Distribution”). On October 31, 2023, the Partnership completed a distribution in the form of additional BUCs at a ratio of 0.00418 BUCs for each BUC outstanding as of September 29, 2023 (the “Third Quarter 2023 BUCs Distribution”). On January 31, 2024, the Partnership completed a distribution in the form of additional BUCs at a ratio of 0.00415 BUCs for each BUC outstanding as of December 29, 2023 (the “Fourth Quarter 2023 BUCs Distribution”, collectively with the Second Quarter 2023 BUCs Distribution and the Third Quarter BUCs Distribution the “2023 BUCs Distributions”). The amounts indicated above have been adjusted to reflect the 2023 BUCs Distributions on a retroactive basis.
       

    Disclosure Regarding Non-GAAP Measures – Cash Available for Distribution

    The Partnership believes that CAD provides relevant information about the Partnership’s operations and is necessary, along with net income, for understanding its operating results. To calculate CAD, the Partnership begins with net income as computed in accordance with GAAP and adjusts for non-cash expenses or income consisting of depreciation expense, amortization expense related to deferred financing costs, amortization of premiums and discounts, fair value adjustments to derivative instruments, provisions for credit and loan losses, impairments on MRBs, GILs, real estate assets and property loans, deferred income tax expense (benefit), and restricted unit compensation expense. The Partnership also adjusts net income for the Partnership’s share of (earnings) losses of investments in unconsolidated entities as such amounts are primarily depreciation expenses and development costs that are expected to be recovered upon an exit event. The Partnership also deducts Tier 2 income (see Note 23 to the Partnership’s consolidated financial statements) distributable to the General Partner as defined in the Partnership Agreement and distributions and accretion for the Preferred Units. Net income is the GAAP measure most comparable to CAD. There is no generally accepted methodology for computing CAD, and the Partnership’s computation of CAD may not be comparable to CAD reported by other companies. Although the Partnership considers CAD to be a useful measure of the Partnership’s operating performance, CAD is a non-GAAP measure that should not be considered as an alternative to net income calculated in accordance with GAAP, or any other measures of financial performance presented in accordance with GAAP.

    The following table shows the calculation of CAD (and a reconciliation of the Partnership’s net income, as determined in accordance with GAAP, to CAD) for the three months and years ended December 31, 2024 and 2023 (all per BUC amounts are presented giving effect to the BUCs Distributions described in Note 23 of the consolidated financial statements on a retroactive basis for all periods presented):

        For the Three Months Ended
    December 31,
        For the Years Ended December 31,
        2024     2023     2024     2023    
    Net income $ 10,132,523     $ 6,203,924     $ 21,323,333     $ 54,011,696    
    Unrealized (gains) losses on derivatives, net   (6,978,561 )     9,994,292       (2,097,900 )     3,173,398    
    Depreciation and amortization expense   5,967       313,626       23,867       1,537,448    
    Provision for credit losses (1)   (24,000 )     (466,000 )     (867,000 )     (2,347,000 )  
    Reversal of gain on sale of real estate assets (2)         (10,363,363 )           (10,363,363 )  
    Amortization of deferred financing costs   466,105       710,271       1,653,805       2,461,713    
    Restricted unit compensation expense   436,052       473,127       1,891,633       2,013,736    
    Deferred income taxes   1,164       2,796       2,435       (362 )  
    Redeemable Preferred Unit distributions and accretion   (741,477 )     (622,590 )     (2,991,671 )     (2,868,578 )  
    Tier 2 income allocable to the General Partner (3)   (309,858 )     (19,439 )     (309,858 )     (3,248,148 )  
    Recovery of prior credit loss (4)   (17,156 )     (17,156 )     (69,000 )     (68,812 )  
    Bond premium, discount and acquisition fee amortization, net
       of cash received
      (90,310 )     (42,900 )     1,247,066       (182,284 )  
    (Earnings) losses from investments in unconsolidated entities   1,315,042       17,879       2,140,694       17,879    
    Total CAD $ 4,195,491     $ 6,184,467     $ 21,947,404     $ 44,137,323    
                                       
    Weighted average number of BUCs outstanding, basic   23,115,162       22,947,795       23,071,141       22,929,966    
    Net income per BUC, basic $ 0.39     $ 0.24     $ 0.76     $ 2.06    
    Total CAD per BUC, basic $ 0.18     $ 0.27     $ 0.95     $ 1.92    
    Cash Distributions declared, per BUC $ 0.37     $ 0.367     $ 1.478     $ 1.46    
    BUCs Distributions declared, per BUC (5) $     $ 0.07     $ 0.07     $ 0.21    
       
    (1) The adjustments reflect the change in allowances for credit losses which requires the Partnership to update estimates of expected credit losses for its investment portfolio at each reporting date. In connection with the final settlement of the bankruptcy estate of the Provision Center 2014-1 MRB in July 2024, the Partnership recovered approximately $169,000 of its previously recognized allowance credit loss which is not included as an adjustment to net income in the calculation of CAD.
       
    (2) The gain on sale of real estate assets from the sale of the Suites on Paseo MF Property represented a recovery of prior depreciation expense that was not reflected in the Partnership’s previously reported CAD, so the gain on sale was deducted from net income in determining CAD for 2023.
       
    (3) As described in Note 23 to the Partnership’s consolidated financial statements, Net Interest Income representing contingent interest and Net Residual Proceeds representing contingent interest (Tier 2 income) will be distributed 75% to the limited partners and BUC holders, as a class, and 25% to the General Partner. This adjustment represents 25% of Tier 2 income due to the General Partner.
       
      For the year ended December 31, 2024, Tier 2 income allocable to the General Partner consisted of approximately $310,000 related to the gain on sale of the Arbors at Hickory Ridge MRB in November 2024.
       
      For the year ended December 31, 2023, Tier 2 income allocable to the General Partner consisted of approximately $3.8 million related to the gains on sale of Vantage at Stone Creek and Vantage at Coventry in January 2023 and approximately $813,000 related to the gain on sale of Vantage at Conroe in June 2023, offset by a $1.4 million Tier 2 loss allocable to the General Partner related to the Provision Center 2014-1 MRB realized in January 2023 upon receipt of the majority of expected bankruptcy liquidation proceeds.
       
    (4) The Partnership determined there was a recovery of previously recognized impairment recorded for the Live 929 Apartments Series 2022A MRB prior to January 1, 2023. The Partnership is accreting the recovery of prior credit loss for this MRB into investment income over the term of the MRB consistent with applicable guidance. The accretion of recovery of value is presented as a reduction to current CAD as the original provision for credit loss was an addback for CAD calculation purposes in the period recognized.
       
    (5) The Partnership declared a distribution payable in the form of additional BUCs equal to $0.07 per BUC for outstanding BUCs as of the record date of March 28, 2024.
       
      The Partnership declared three separate distributions during 2023 each payable in the form of additional BUCs equal to $0.07 per BUC for outstanding BUCs as of the record dates of June 30, September 29, and December 29, 2023.
       

    MEDIA CONTACT:
    Karen Marotta
    Greystone
    212-896-9149
    Karen.Marotta@greyco.com

    INVESTOR CONTACT:
    Andy Grier
    Investors Relations
    402-952-1235

    The MIL Network

  • MIL-OSI Global: Switching to electric vehicles will push the power grid to the brink

    Source: The Conversation – UK – By Florimond Gueniat, Associate Professor in Mechanical Engineering, Birmingham City University

    AdamEdwards / shutterstock

    The UK’s pledge to reach net-zero emissions by 2050 hinges on replacing millions of petrol and diesel vehicles with cleaner alternatives. But transitioning to electric transport isn’t just about manufacturing new cars, installing chargers and so on. It’s a gargantuan energy generation challenge that could push the power grid to its limits.

    In 2023, UK transport consumed about 46 million litres of petrol and diesel. If we convert that into electricity, it would be equivalent to 49.5 gigawatts (GW) of continuous power throughout a whole year. For perspective, this is about one-third more than the UK’s entire current electricity generation capacity.

    In other words, every single power station in the UK could be devoted entirely to powering electric vehicles and it still wouldn’t be enough. But one might say we didn’t consider the efficiency of electric vehicles. Petrol and diesel engines waste about three quarters of their energy as heat, with only a small portion used to propel the car. Electric vehicles meanwhile waste only about one quarter.

    Adjusting for this, the actual power needed if the UK went entirely electric drops to around 20 GW. It would still mean increasing today’s grid capacity by almost half (46%), corresponding to building 17 nuclear plants (1.2 GW each) or 5,800 skyscraper-sized wind turbines (3.5 MW each). Those wind farms would cost around £22 billion, while the nuclear plants would cost significantly more.

    At the moment, less than 1% of vehicles in the UK are electric, which explains why there are no specific power issues – yet. But if the country did have a fully carbon-free fleet of vehicles, the associated surge in demand would strain infrastructure and risk large blackouts. California’s grid, for example, already faces stress during electric vehicle charging peaks, prompting warnings and forcing the state to put “managed charging” policies in place.

    ‘A gargantuan energy challenge’.
    Supamotionstock.com / shutterstock

    Massive upgrade needed

    Most countries looking to switch to zero-carbon transport will need to massively upgrade their electricity grid and power plants. Renewable energy complicates matters as wind and solar can’t always meet demand spikes (you can burn more gas or coal when needed, but you can’t choose when the wind blows or the sun shines). Nuclear offers stable and massive output, but new plants can take decades to build and the public is often hostile.

    Certain “smart” solutions could help things even if the grid itself isn’t overhauled. Electric vehicle batteries could be linked to the grid for instance, and used to store and supply power. Overnight, millions of cars will soak up electricity before releasing it when demand spikes again in the morning. Price discounts would encourage people to charge their cars at night, when demand for electricity is at its lowest.

    This can help mitigate many of the issues related to wind and solar being intermittent. But it will cause batteries to deteriorate faster, and still won’t solve the problem of having to generate more electricity.

    Electricity stored overnight can be very useful in the morning when millions of lights and kettles are switched on.
    Smile Fight / shutterstock

    One underappreciated strategy is empowering households and businesses that generate their own electricity via solar panels, small wind turbines, or even micro-hydro systems. By 2035, with vigorous policies, these “prosumers” could supply up to 15% of the UK’s electricity, easing grid strain and reducing reliance on centralised funding. Such policies in Germany have lead its prosumer networks to already offset 10% of the national demand.

    Without such decentralised efforts, the financial burden of grid upgrades will fall entirely on taxpayers, at staggering costs. The alternative is a huge rise in price of electricity, felt by all, and a stalled transition.

    No time to delay

    Generating more power remains the core issue. Without urgent action, the transition to low-carbon transport could stall – or worse, overload the energy system. The governments of France, the UK and some other countries have recently begun to discuss increasing energy production, but the focus is on meeting AI-related demands rather than electricity for the next generation of vehicles.

    Critically, net-zero will only happen with strong transport and energy policies in place. Governments must increase grid capacity and incentivise small-scale renewable generation through tax breaks and specially-designed payments. The alternative – delaying and relying solely on public funds – is economically unviable and politically risky.

    Florimond Gueniat 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. Switching to electric vehicles will push the power grid to the brink – https://theconversation.com/switching-to-electric-vehicles-will-push-the-power-grid-to-the-brink-248814

    MIL OSI – Global Reports

  • MIL-OSI USA: NASA Associate Administrator Jim Free to Retire After 30 Years Service

    Source: NASA

    NASA Associate Administrator Jim Free announced Wednesday his retirement, effective Saturday, Feb. 22. As associate administrator, Free has been the senior advisor to NASA Acting Administrator Janet Petro and leads NASA’s 10 center directors, as well as the mission directorate associate administrators at NASA Headquarters in Washington. He is the agency’s chief operating officer for more than 18,000 employees and oversaw an annual budget of more than $25 billion.  
    During his tenure as associate administrator since January 2024, NASA added nearly two dozen new signatories of the Artemis Accords, enabled the first Moon landing through the agency’s CLPS (Commercial Lunar Payload Services) initiative to deliver NASA science to the lunar surface, launched the Europa Clipper mission to study Jupiter’s icy ocean moon, and found molecules containing the ingredients for life in samples from asteroid Bennu delivered to Earth by NASA’s OSIRIS-REx (Origins, Spectral Interpretation, Resource Identification and Security–Regolith Explorer) spacecraft.
    “Throughout his career, Jim has been the ultimate servant leader – always putting the mission and the people of NASA first,” said Petro. “A remarkable engineer and a decisive leader, he combines deep technical expertise with an unwavering commitment to this agency’s mission. Jim’s legacy is one of selfless service, steadfast leadership, and a belief in the power of people.”
    Among the notable contributions to the nation during his NASA career, Free also championed a new path forward to return samples from Mars ahead of human missions to the Red Planet, supported the crews living and working aboard the International Space Station as they conduct hundreds of experiments and technology demonstrations, and engaged industry in new ways to secure a public/private partnership for NASA’s VIPER (Volatiles Investigating Polar Exploration Rover) mission on the Moon. 
    “It has been an honor to serve NASA and walk alongside the workforce that tackles the most difficult engineering challenges, pursues new scientific knowledge in our universe and beyond, develops technologies for future exploration endeavors, all while prioritizing safety every day for people on the ground, in the air, and in space,” Free said. “I am grateful for the opportunity to be part of the NASA family and contribute to the agency’s mission for the benefit of humanity.”
    During his more than three decades of service, Free has held several leadership roles at the agency. Before being named NASA associate administrator, Free served as associate administrator of the Exploration Systems Development Mission Directorate, where he oversaw the successful Artemis I mission and the development of NASA’s Moon to Mars architecture, defining and managing the systems development for the agency’s Artemis missions and planning for NASA’s integrated deep space exploration approach. 
    Free began his NASA career in 1990 as an engineer, working on Tracking and Data Relay Satellites at NASA’s Goddard Space Flight Center in Greenbelt, Maryland. He later transferred to the agency’s Glenn Research Center in Cleveland and served in a variety of roles supporting the International Space Station and the development of the Orion spacecraft before transferring to NASA’s Johnson Space Center in Houston in 2008. Free returned to NASA Glenn in 2009 and was promoted to chief of the Space Flight Systems Directorate, where he oversaw the center’s space work. Free was named deputy center director in November 2010 and then served as center director from January 2013 until March 2016, when he was appointed to the NASA Headquarters position of deputy associate administrator for Technical [sic] in the Human Exploration and Operations Mission Directorate.
    A native of Northeast Ohio, Free earned his bachelor’s degree in aeronautics from Miami University in Oxford, Ohio, and his master’s degree in space systems engineering from Delft University of Technology in the Netherlands. 
    Free is the recipient of the Presidential Rank Award, NASA Distinguished Service Medal, NASA Outstanding Leadership Medal, NASA Exceptional Service Medal, NASA Significant Achievement Medal, and numerous other awards.
    For more information about NASA, visit:

    Home Page

    -end-
    Kathryn Hambleton / Cheryl WarnerHeadquarters, Washington202-358-1600kathryn.hambleton@nasa.gov / cheryl.m.warner@nasa.gov

    MIL OSI USA News

  • MIL-OSI USA: Two Weeks Left for Crow Tribe Members to Apply for Disaster Assistance

    Source: US Federal Emergency Management Agency

    Headline: Two Weeks Left for Crow Tribe Members to Apply for Disaster Assistance

    Two Weeks Left for Crow Tribe Members to Apply for Disaster Assistance

    Applicants Should Keep In Touch With FEMACROW AGENCY – Crow Tribe members who had damage caused by the August 6, 2024 severe storm and straight-line winds have until February 28, 2025 to apply for disaster assistance. They can apply at the Disaster Recovery Center located at the Black Lodge Community Center, I-90 at the Dunmore exit, #503.. FEMA is asking applicants to stay in touch as there are several steps in the assistance process.Damage InspectionsAfter applying for assistance, a FEMA inspector and a Crow Tribal Guide will call to schedule a time to come to your home. The number may show as “Unknown” or be an out of state area code. Please answer the call and schedule your visit as soon as possible.FEMA letters and next stepsAfter the damage inspection, applicants receive one or more letters on the status of their application. The letter(s) may say ineligible or not approved, or even denied. Don’t be discouraged, FEMA may just need more information. Read each letter to find out what is needed to continue moving the application forward. It may be missing information or a document that is needed. Come to the Disaster Recovery Center for help with next steps. It is helpful to have the nine-digit application number you were given when you applied. This number is included in all correspondence FEMA sends to you — it is very important to use this number.Stay in touch through the Disaster Recovery CenterThe deadline to apply for federal disaster assistance is February 28, 2025 but FEMA will still be here to help. Please visit the Disaster Recovery Center at the Black Lodge Community Center. Bring your letter and any additional requested information with you if possible. Black Lodge Community Center 6772 Crow River Road, Hardin, MT 59034 (I-90 at the Dunmore exit, #503)Hours of operation: 9 a.m. to 4 p.m., Mon.– Sat. (Closed Sundays and holidays)If you have questions or need to check on possible weather delays or closures, call 406-679-0022.  FEMA is committed to ensuring disaster assistance is accomplished impartially, without discrimination. Anyone may contact the FEMA Civil Rights Office if they feel that they have a complaint of discrimination at FEMA-OCR-ECRD FEMA-OCR-ECRD@fema.dhs.gov or toll-free at 833-285-7448.
    jamie.casterton
    Wed, 02/19/2025 – 22:01

    MIL OSI USA News

  • MIL-OSI USA: Eating Too Much Salt? Ways to Cut Back…Gradually

    Source: US Food and Drug Administration

    [embedded content]


    Español

    Did you know that “salt” and “sodium” are not the same thing, even though they’re often used interchangeably? Sodium, a mineral, is one of the elements found in salt. Salt is where most of your sodium comes from. 

    The U.S. Food and Drug Administration is working to make sure people have greater access to healthier foods and easy-to-understand nutrition information to make healthier choices. One way to do that is to make it easier for you and your family to eat food with less sodium.

    Because more than 70% of the sodium you eat comes from processed (packaged) foods and restaurant foods, the FDA is working closely with industry, asking manufacturers to gradually lower sodium across a wide range of foods. This will result in more food choices with less sodium.

    Sodium is added to packaged and prepared foods for a variety of reasons such as food safety, improving flavor and texture, curing meat, and for baking. So, the FDA has carefully developed different sodium reduction targets for different types of foods.

    Will the reductions affect how foods taste? We know that people usually don’t notice small reductions in sodium, and over time, people’s taste buds get used to changes that are made gradually. And there are foods on the market already meeting the targets, so we know these are achievable and acceptable. 

    You and your family can also take steps to ease into reducing the amount of salt — and therefore, sodium — you eat. The recommended limit for sodium is 2,300 milligrams (mg) per day for people 14 years and older. But people in the U.S. consume about 3,400 mg per day on average. That’s more than 50% more than the recommended limit. 

    Why Reduce Sodium? 

    Too much sodium can lead to high blood pressure, a leading cause of heart disease and stroke. Ninety percent of Americans are eating more sodium than is recommended. While almost 5 in 10 Americans have high blood pressure, in non-Hispanic Black adults that number increases to almost 6 in 10. 

    Also, children and adolescents are also eating too much sodium. Evidence shows that children who eat foods higher in sodium can carry those eating habits into adulthood. 

    Steps You Can Take to Reduce Sodium 

    • Try to cut back on foods high in sodium, such as deli-meat sandwiches, pizza, and burritos and tacos. Remember, it’s important to cut back both when eating at home and eating out in restaurants. If you’re ordering a standard menu item at a chain restaurant, ask to see the written nutrition information and choose an option lower in sodium.
    • Compare products. Before you buy, check the Nutrition Facts label to compare the sodium content of packaged products (there’s a fair amount of variety among similar foods). For example, data collected by the FDA shows that breads can vary from 200 mg to more than 700 mg per 100 grams of bread. 
    • Aim to stay under the Daily Value (DV) for sodium. The DV for sodium is the recommended daily limit — your goal is not to exceed that amount. As a general guide: 5% DV or less of sodium per serving is considered low, and 20% DV or more of sodium per serving is considered high.
    • Expand your spice horizons. Try no-salt seasoning blends and herbs and spices instead of salt to add flavor to your food.

    For additional information, please visit Sodium in Your Diet | FDA.

    MIL OSI USA News

  • MIL-OSI USA: Residential energy expenditures have increased with colder weather and higher prices

    Source: US Energy Information Administration

    In-brief analysis

    February 20, 2025


    Residential energy expenditures for homes heating with natural gas and propane for the current winter (November through March) have grown, and now we expect them to total 10% more than last winter. In our initial Winter Fuels Outlook forecasts published in October 2024, we had expected that homes mainly heating with natural gas would spend between 2% less or 7% more this winter than last, depending on weather conditions. As the winter has progressed and energy prices and consumption have increased beyond our initial expectations, we have revised these forecasts upward.

    Each October, we publish a Winter Fuels Outlook with forecasts for energy consumption, prices, and expenditures for U.S. households. We categorize homes based on their main heating fuel: natural gas, electricity, propane, or heating oil. Almost all U.S. homes (96% in 2023) use one of those four fuels as their main heating source.

    In each month from November through March, we update these forecasts based on actual weather and prices and the most recent Short-Term Energy Outlook forecasts for future weather and prices.

    Weather outcomes are a key source of uncertainty in our forecasts, so we provide three sets with different weather assumptions. Retail energy prices—especially for propane and heating oil—are sensitive to actual weather and the resulting effects on energy demand, supply, and wholesale prices.

    Residential propane and heating oil expenditures tend to have wider ranges of uncertainty in our forecasts. By comparison, natural gas and electricity prices tend to lag changes in wholesale prices because of the nature of utility regulation.

    Last month’s cold weather increased energy prices and consumption, both of which increased residential energy expenditures. We use population-weighted heating degree days (HDDs) as an indicator of heating demand, with more HDDs indicating colder weather. A typical January in the United States has 831 HDDs, based on the average of the previous 10 Januarys. However, January 2025 was much colder, with 927 HDDs.

    January’s cold weather increased natural gas consumption and resulted in near-record withdrawals of natural gas from storage. Similarly, U.S. propane inventories—which had been relatively full at the beginning of winter—were drawn down as consumption increased and are now near their previous five-year average. U.S. propane exports are also at record highs, which can also elevate domestic propane prices.

    Wholesale natural gas and propane prices increased in late 2024 and continued to increase in January. In our October 2024 forecast, we had expected wholesale natural gas and propane prices to increase during the winter, but the timing and magnitude of actual price increases were faster and greater than initially forecast.


    We will continue to update our Winter Fuels Outlook forecasts for residential energy consumption concurrently with each monthly update of our Short-Term Energy Outlook.

    Principal contributor: Office of Energy Analysis Staff

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom announces appointments 2.19.25

    Source: US State of California 2

    Feb 19, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Andrew “Andy” Nakahata, of San Francisco, has been appointed Chief Deputy Executive Director and Chief Operating Officer at the California Infrastructure and Economic Development Bank. Nakahata has been Director and Western Region Head of Public Finance at TD Securities LLC since 2024. He was Managing Director and Regional Head of Public Finance for the West Region at UBS Financial Services Inc. from 2017 to 2024. Nakahata was Managing Director and Head of the West Region at the National Public Finance Guarantee Corporation from 2015 to 2017. He was Director and Co-Head of the Higher Education Group at Citigroup from 2010 to 2015. Nakahata was an Executive Director at J.P. Morgan from 2009 to 2010. He was Vice President of Public Sector and Infrastructure Banking at Goldman Sachs & Co. from 1994 to 2010. Nakahata is Treasurer of the Board of Trustees at San Francisco University High School and member of the Board of Directors of Asian Americans in Public Finance. He earned a Master of Business Administration degree from Yale University and a Bachelor of Arts degree in History from Wesleyan University. This position does not require Senate confirmation, and the compensation is $186,876. Nakahata is a Democrat.

    Diane Lydon, of Sacramento, has been appointed Assistant Deputy Director and Northern California Regional Advisor at the Office of the Small Business Advocate. Lydon has been a Business Outreach Manager for the Office of Small Business and Disabled Veteran Business Enterprise Services at the Department of General Services since 2023, where she was previously a Business Outreach Liaison from 2022 to 2023. She was Education and Training Manager at World Trade Center Northern California from 2019 to 2022. Lydon was a Sales and Business Development Manager at Heart Zones Inc. from 2015 to 2019. She was a Marketing Program Manager at Skopre from 2013 to 2015. Lydon was an Olympic Program Manager at Sportsworks Events LTD from 2004 to 2012. She is a member of the Department of General Services Toastmasters. This position does not require Senate confirmation, and the compensation is $123,600. Lydon is a Democrat.

    Brian Lin Walsh, of Rocklin, has been appointed Principal Labor Relations Officer at the California Department of Human Resources. Lin Walsh has been Director of the Administrative Services Division at the California Commission on Teacher Credentialing since 2024. He was Senior Labor Relations Officer at the California Department of Human Resources from 2022 to 2024, and Labor Relations Officer from 2020 to 2022. Lin Walsh was Labor Relations Manager II at the California Department of Motor Vehicles from 2014 to 2020. He earned a Bachelor of Arts degree in Business Administration from the University of Phoenix. The position does not require Senate confirmation, and the compensation is $153,492. Lin Walsh is a Democrat.

    Joseph Tuggle, of Placerville, has been appointed Warden of Folsom State Prison, where he has been serving as Acting Warden since 2024 and was Chief Deputy Administrator from 2023 to 2024. Tuggle was Acting Chief Deputy Administrator at California Medical Facility from 2022 to 2023. He held several positions at Folsom State Prison from 2000 to 2022, including Correctional Administrator, Correctional Captain, Correctional Lieutenant, Correctional Sergeant, and Correctional Officer. Tuggle was a Correctional Officer at Pelican Bay State Prison from 1998 to 2000. This position does not require Senate confirmation, and the compensation is $193,524. Tuggle is a Republican.

    Kelly DeRoss, of Sacramento, has been appointed Labor Relations Officer at the California Department of Human Resources. DeRoss has been Labor Relations Manager II at the California Employment Development Department since 2019. She was Labor Relations Manager I at the California Department of Healthcare Services from 2015 to 2019, where she was previously Labor Relations Specialist from 2013 to 2014. DeRoss held several roles at the California Department of Public Health, including Labor Relations Analyst from 2012 to 2013, Associate Personnel Analyst from 2009 to 2012, and Staff Services Analyst from 2008 to 2009. She earned a Bachelor of Science degree in Anthropology from the University of California, Davis. The position does not require Senate confirmation, and the compensation is $141,144. DeRoss is a Democrat.

    Jennifer Haley, of Rancho Palos Verdes, has been appointed to the California Workforce Development Board. Haley has been President and Chief Executive Officer at Kern Energy since 2018, where she was previously Vice President and General Counsel from 2012 to 2018. She was an Associate at Best Best & Krieger LLP from 2007 to 2012. Haley is the Chair of the California Foundation for Commerce and Education and is a member of the Board of Trustees of the California Science Center Foundation and Board of Directors of the California Chamber of Commerce. She earned a Juris Doctor degree and a Bachelor of Arts degree in History from the University of San Diego. This position does not require Senate confirmation, and the compensation is $100 per diem. Haley is registered with no party preference.

    Amelia Tyagi, of Los Angeles, has been appointed to the California Workforce Development Board. Tyagi has been a Managing Director at Sellside Group since 2024, and an Author since 2003. She was Co-Founder, Chief Executive Officer, and President of Business Talent Group from 2005 to 2023. Tyagi was Vice President and Co-Founder of HealthAllies from 1999 to 2001. She was a Consultant at McKinsey & Co. from 1996 to 1999. Tyagi is the Chairperson of her local chapter of Young Presidents Organization, a member of the Board of Directors of Planned Parenthood of Los Angeles, Fuse Corps, and WildAid and Chairperson Emeritus at Dēmos. She earned a Master of Business Administration degree from University of Pennsylvania and a Bachelor of Arts degree in History from Brown University. This position does not require Senate confirmation, and the compensation is $100 per diem. Tyagi is a Democrat. 

    Press Releases, Recent News

    Recent news

    News What you need to know: A court has denied the city of Norwalk’s request to dismiss the state’s lawsuit against the city for its unlawful ban on homeless shelters.  NORWALK — Governor Gavin Newsom issued the following statement in response to a court decision…

    News What you need to know: Steve Jobs, a visionary of global scale, has been nominated to represent California on the American Innovation Coin. The coin, which will be minted by the U.S. Mint, highlights U.S. innovations and innovators, including California’s legacy…

    News What you need to know: Over the next three years, California will host the NBA All-Star Weekend, X Games, FIFA World Cup, Super Bowl LX & LXI, and the LA28 Olympics & Paralympics in select regions across the state. SACRAMENTO – As the Bay Area wraps up…

    MIL OSI USA News

  • MIL-OSI USA: Lawsuit against Norwalk for unlawful ban on homeless shelters moves forward

    Source: US State of California 2

    Feb 19, 2025

    What you need to know: A court has denied the city of Norwalk’s request to dismiss the state’s lawsuit against the city for its unlawful ban on homeless shelters. 

    NORWALK — Governor Gavin Newsom issued the following statement in response to a court decision denying the city of Norwalk’s request to dismiss the state’s lawsuit against the city for its unlawful ban against homeless shelters and other supportive housing.

    “No community should turn its back on its residents in need. We will continue to hold Norwalk accountable for its failure to reverse this cruel and unlawful ban.”

    Governor Gavin Newsom

    “We are pleased to proceed with our case and to protect the public’s interest in the rule of law,” said California Attorney General Rob Bonta. “Norwalk’s ban on new housing for unhoused individuals and lower-income households at risk of homelessness is illegal. At a time when affordability issues are a top concern for Californians, we should be doing everything in our power to help — not hurt — those struggling to keep a roof over their heads or lacking housing altogether. We look forward to holding the city accountable.”

    “Far from being a threat, availability of safe shelter and supportive services brings stability and makes communities stronger,” said Department of Housing & Community Development Director Gustavo Velasquez. “We will continue to fight to hold Norwalk and all others accountable for planning for the housing needs of residents at all income levels.”

    Governor Newsom and Attorney General Rob Bonta filed a lawsuit against the city of Norwalk on November 4, 2024, to compel the city to overturn its unlawful ordinance banning the establishment of new homeless shelters and other housing. The lawsuit alleges that the city’s ban violates numerous state laws. The lawsuit was filed after multiple warnings and actions by the state, including revocation of the city’s housing element compliance.

    Recent news

    News What you need to know: Steve Jobs, a visionary of global scale, has been nominated to represent California on the American Innovation Coin. The coin, which will be minted by the U.S. Mint, highlights U.S. innovations and innovators, including California’s legacy…

    News What you need to know: Over the next three years, California will host the NBA All-Star Weekend, X Games, FIFA World Cup, Super Bowl LX & LXI, and the LA28 Olympics & Paralympics in select regions across the state. SACRAMENTO – As the Bay Area wraps up…

    News Survivors of the Park Fire, Franklin Fire, and the recent Palisades and Eaton fires would be eligible for direct mortgage relief What you need to know: Governor Newsom is proposing an over $125 million package that includes disaster mortgage relief for homeowners…

    MIL OSI USA News

  • MIL-OSI USA: California nominates Steve Jobs for its American Innovation Coin, $1 coin to be produced by U.S. Mint

    Source: US State of California 2

    Feb 19, 2025

    What you need to know: Steve Jobs, a visionary of global scale, has been nominated to represent California on the American Innovation Coin. The coin, which will be minted by the U.S. Mint, highlights U.S. innovations and innovators, including California’s legacy as a global hub of innovation.

    Sacramento, CaliforniaFor California’s American Innovation Coin, Governor Gavin Newsom has recommended world-renowned innovator Steve Jobs. The coin, which will be minted by the U.S. Mint, highlights California’s legacy as a global hub of innovation.

    The American Innovation $1 Coin Program, launched in 2018 by the U.S. Mint, celebrates the spirit of ingenuity that defines America. Each state, territory, and the District of Columbia is honored with creating a unique coin recognizing an innovation or innovator from their region.

    Innovation and California are synonymous, and Steve Jobs encapsulates the unique brand of innovation that California runs on: innovation not driven by business alone, but as a vehicle to forever change the world.

    Governor Gavin Newsom

    This week, Governor’s Office of Business and Economic Development (GO-Biz) Director Dee Dee Myers presented the state’s nomination of Jobs and his legacy to the Citizens Coinage Advisory Committee (CCAC), which will take design recommendations to the Treasury Secretary for final approval. This project is led and facilitated by the U.S. Mint. California’s coin will be produced and made available in 2026.

    Steve Jobs’ legacy of innovation

    Jobs’ legacy spans industries and products: Jobs was the co-founder and CEO of Pixar Animation Studios, bringing to life the world’s first fully computer-animated feature: “Toy Story.” But even that legacy-defining achievement is surpassed by his work as co-founder and two-time CEO of Apple, launching several revolutionary computers, including Apple II – the first mass-produced microcomputer – and Macintosh – the first mass-market personal computer that included a graphic display, so users could see what they were working on. 

    The goal, according to Jobs, was to “bridge the gap between sophisticated technology and ‘the rest of us’ who make up most of humanity…to make complex technology easy to use and fun to use.” That approach led to the iPod, iPhone, and iPad, devices that refined existing technology to make it more precise, more intuitive, and more functional.

    By focusing on who he was innovating for – other people – Jobs was able to use technology to connect people to each other and to the broader world, bringing people onto the same level by providing them with equal access. And that approach was built on a willingness to try new ideas and push the boundaries of what was possible – an approach that embodies the California spirit.

    California has a sense of experimentation about it, and a sense of openness about it—openness and new possibility—that I really didn’t appreciate till I went to other places.

    Steve Jobs

    Press Releases, Recent News

    Recent news

    News What you need to know: Over the next three years, California will host the NBA All-Star Weekend, X Games, FIFA World Cup, Super Bowl LX & LXI, and the LA28 Olympics & Paralympics in select regions across the state. SACRAMENTO – As the Bay Area wraps up…

    News Survivors of the Park Fire, Franklin Fire, and the recent Palisades and Eaton fires would be eligible for direct mortgage relief What you need to know: Governor Newsom is proposing an over $125 million package that includes disaster mortgage relief for homeowners…

    News State continues raising awareness of dangerous drug  What you need to know: California is using a multifaceted approach to tackle illicit fentanyl, including seizing nearly $300 million of illicit fentanyl since 2023 and increasing public education in schools…

    MIL OSI USA News

  • MIL-OSI USA: The Golden State will soon be home to the world’s most renowned athletic events

    Source: US State of California 2

    Feb 19, 2025

    What you need to know: Over the next three years, California will host the NBA All-Star Weekend, X Games, FIFA World Cup, Super Bowl LX & LXI, and the LA28 Olympics & Paralympics in select regions across the state.

    SACRAMENTO – As the Bay Area wraps up NBA All-Star 2025, which was projected to generate approximately $350M in economic impact, California will continue to shine on the global stage with a lineup of major athletic events. These events will collectively generate billions in economic activity and foster community engagement as visitors from around the world experience the region’s culture, attractions, and hospitality.

    “From Northern to Southern California, the state is preparing to shine on the world’s biggest stages, welcoming fans from around the globe to experience the energy and diversity of our great state. These events will drive billions into our economy, support local businesses, and create jobs while uniting communities in celebration.”

    Governor Gavin Newsom

    🏀 2025 Bay Area and 2026 Los Angeles NBA All-Star Games 

    • NBA All-Star is an annual mid-season showcase featuring the league’s top stars competing in events including the All-Star Game and All-Star Saturday Night which consists of the Skills Challenge, 3-Point and Slam Dunk, as well as the NBA All-Star Celebrity Game and numerous community activations across the host city. NBA All-Star generates significant economic and cultural impact for the host market.
    • NBA All-Star 2025 in the San Francisco Bay Area was projected to generate approximately $350M in economic impact, supporting 3,000 jobs, and attracting 135,000 visitors. California will host back-to-back with NBA All-Star 2026 in Los Angeles.

    🛹 2025, 2026, and 2027 X Games in Sacramento

    • The X Games are a televised sports festival that features competitive skateboarding, skiing, snowboarding, and BMX. 
    • Over the next three summers, Sacramento’s Cal Expo will host the games with an estimated 35,000 attendees anticipated daily.

    🏈 2026 Super Bowl LX and 2027 Super Bowl LXI

    • The National Football League’s championship game will host Super Bowl LX at Levi’s Stadium in Santa Clara, California and Super Bowl LXI at SoFi Stadium in Inglewood, California.
    • Super Bowl LX is projected to generate a total economic impact of approximately $500 million, with an estimated 90,000 visitors from outside the Bay Area to be expected.

    2026 FIFA World Cup 

    • The 2026 FIFA World Cup is an international soccer tournament that will be jointly hosted by the United States, Canada, and Mexico and will mark the first time the tournament will feature 48 teams.
    • The total estimated economic impact for the Bay Area is approximately $555 million with an estimated 260,000 out-of-town visitors. Los Angeles is projected to see an economic impact of approximately $594 million with approximately 180,000 out-of-town visitors.

    🏅 2028 Olympic & Paralympic Games

    • The 2028 Olympic and Paralympic Games, set to take place in Los Angeles, will showcase global sporting talent on the biggest stage in sports.

    According to the LA28 Games, the sporting event will contribute towards equitable access to youth sports as LA28 invested $160 million in sports for youth across LA. 

    Continuing robust support for LA

    With California front and center for these world-class sporting events, the state is working diligently to prioritize a fast and safe recovery for people and businesses impacted by the LA fires. From the state’s private and philanthropic partnerships, to coordination with federal and local government, California continues to maximize the impact of ongoing rebuilding efforts. 

    For more information and resources, please visit https://www.ca.gov/LAfires/ 

    California’s booming tourism economy

    California has the largest market share of tourism in the nation. Travel spending in the state reached an all-time high of $150.4 billion in 2023, surpassing the record $144.9 billion spent in 2019 – spending that is 3.8% higher than 2019 and 5.6% higher than 2022.

    The new travel-spending record generated $12.7 billion in state and local tax revenue by visitors in 2023, marking a 3% increase over 2019. Tourism created 64,900 new jobs in 2023, bringing total industry employment to 1,155,000.

    Recent news

    News Survivors of the Park Fire, Franklin Fire, and the recent Palisades and Eaton fires would be eligible for direct mortgage relief What you need to know: Governor Newsom is proposing an over $125 million package that includes disaster mortgage relief for homeowners…

    News State continues raising awareness of dangerous drug  What you need to know: California is using a multifaceted approach to tackle illicit fentanyl, including seizing nearly $300 million of illicit fentanyl since 2023 and increasing public education in schools…

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Melissa Stone, of Elk Grove, has been appointed Chief Deputy Director at the Department of Child Support Services. Stone has been Deputy Director of the Disability Insurance Branch at…

    MIL OSI USA News

  • MIL-OSI NGOs: Nearly half a million people left without shelter, food or water in DR Congo amid destruction of displacement sites and aid cuts

    Source: Oxfam –

    Oxfam warns of an alarming humanitarian crisis in Eastern DRC as aid groups struggle to respond in the face of funding cuts ripple effects.  

    Over 450,000 people are left without shelter, food or water in the Democratic Republic of Congo (DRC) following the destruction of thirteen displacements sites in Goma, Oxfam warns. The crisis is increasingly alarming following the takeover of Bukavu, the capital city of South Kivu while funding cuts hinder the capacity of remaining humanitarian organisations to respond.  

    A surge in fighting has forced thousands of people to leave the displacement sites, many of which were destroyed or looted in the aftermath of the conflict.  Many are now seeking shelter in overcrowded churches and schools in Goma.  Many families are going back to their villages, only to find their house in shamble and struggling with immense needs. The fall of Bukavu has triggered mass population movement, deepening the humanitarian crisis.  

    An Oxfam staff in Minova, located 45 km south-west of Goma, said: “The displaced people are returning en masse, there’s a lot of movement and the needs are enormous because the response has to be put in place and it will take time. Many are afraid to return to the village where they have already been attacked. People are traumatized. 25 cases of cholera have been recorded this week. There’s also Mpox. It’s a catastrophe. People are going to die.” 

    The ripple effects of the US funding cuts are dramatically affecting these communities, because USAID was the leading donor in the DRC and most aid groups were relying on their funding to provide lifesaving aid. 

    “We are forced to repair shattered equipment while people in desperate need go without help. Even worse, when the sites are finally up and running again, we may still be unable to assist them, as US aid cuts have put everything at risk. Unless the international community steps in, this crisis will spiral beyond control,” said Manenji Mangundu, Country Director of Oxfam in DRC.  

    Three displacement sites in Rusayo (Goma), where Oxfam provides assistance to over 100,000 people, have been completely emptied. Water tanks, latrines, showers and the water pipes were destroyed and septic tanks were left open. With little access to clean water and hygiene sanitation, the health risks are increasing as cases of measles, cholera and mpox spread, straining and already fragile healthcare system.  

    Families and communities are also struggling to get cash to buy food or return home. Following intense fighting over the last weeks, banks in Goma remain closed and money agents are operating at limited capacity. On top, prices are skyrocketing and pushing many families to the limit.

    The M23 takeover of Bukavu comes as African leaders convene at the African Union Summit in Addis Ababa today (Saturday). The crisis has triggered massive population movements, with thousands fleeing their homes in the early hours of Friday, February 14. 

    In DRC, Oxfam works in Goma, Minova, Masisi, Lubero, Beni, and Mahagi. Oxfam staff reports that thirteen displacement sites in Goma, hosting 450,000 people have been emptied and subsequently destroyed, looted or dismantled. The destroyed sites are: Baraka, Buhimba, Bulengo, 8th Cepac Mugunga, Kayarucinya, Kibati, Lushagala, Lushagala Extension, Lwashi, Rego, Rusayo 1, Rusayo 2 and Rusayo Extension.  

    Oxfam is working to restore critical infrastructure and treating septic tanks to help provide water and sanitation to the affected communities of Goma. The effects of the USAID funding cuts hinder urgent response for 300,000 people displaced in and around Goma with urgent clean water, food and protection services for women and girls. Long-term funding for humanitarian agencies to support affected families remains uncertain. 

    The DRC continues to grapple with the devastating impacts of the Mpox outbreak, which has claimed lives further straining an already fragile healthcare system 

    The United States Agency for International Development (USAID) is the leading humanitarian donor in the Democratic Republic of the Congo (DRC). Last year report indicate that it provided over $838 million in Fiscal Year 2024 alone, which includes $414 million specifically for humanitarian needs resulting from ongoing conflict and displacement 

    Photos of abandoned sites and destroyed infrastructure are available on request. 

    MIL OSI NGO

  • MIL-OSI NGOs: Less than seven percent of pre-conflict water levels available to Rafah and North Gaza, worsening a health catastrophe

    Source: Oxfam –

    • Nearly 1,700 Kilometres of water and sanitation networks have been destroyed 

    • Big-ticket repairs of networks urgently needed but Israel baulks in approving supplies 

    The resumption of aid into Gaza, including fuel to operate undamaged water and sanitation facilities along with water trucking, has improved the amount of water available to people in some parts of Gaza. But the picture remains extremely bleak and dangerously critical, especially in the North Gaza and Rafah governorates, warned Oxfam today.

    Fifteen months of Israel’s military assault has destroyed 1,675 kilometres of water and sanitation networks. In North Gaza and Rafah governorates, which have suffered the most destruction, less than seven per cent of pre-conflict water levels is available to people, heightening the spread of waterborne diseases. Just 5.7 litres per person, per day is available, barely enough for one toilet flush.

    As fragile ceasefire negotiations hang in the balance, any renewed violence or disruption to fuel and the already inadequate aid would trigger a full-scale public health disaster.

    Clémence Lagouardat, Oxfam’s Humanitarian Coordinator in Gaza said:

    “Now that the bombs have stopped, we have only just begun to grasp the sheer scale of destruction to Gaza’s water and sanitation infrastructure. Most vital water and sanitation networks have been entirely lost or paralyzed, creating catastrophic hygiene and health conditions.

    “Our staff and partners have told how people are stopping them in the streets asking for water, and that parents are not drinking to save water for their children. It is heartbreaking to hear about children having to walk for miles for a single jerrycan of water.”

    “Our staff and partners have told how people are stopping them in the streets asking for water, and that parents are not drinking to save water for their children. It is heartbreaking to hear about children having to walk for miles for a single jerrycan of water.”  

    Clémence Lagouardat, Oxfam’s Humanitarian Coordinator in Gaza

    Oxfam International

    In the North Gaza governorate, almost all water wells have been destroyed by the Israeli military. Over 700,000 people have returned to find entire neighbourhoods wiped out. For the few whose homes remain standing, water is non-existent due to the destruction of rooftop storage tanks.

    In Rafah, over 90 per cent of water wells and reservoirs have been partially or completely damaged, and water production is less than five per cent of its capacity before the conflict. Only two out of 35 wells are currently operational. 

    Despite efforts to resume water production since the ceasefire, the destruction of Gaza’s water pipelines means that 60 per cent of water is leaking into the ground rather than reaching people.

    Oxfam and partners’ initial assessment after the ceasefire found:

    • More than 80 percent of water and sanitation infrastructure across the Gaza Strip has been partially or entirely destroyed, including all six major wastewater treatment plants.
    • 85 percent of the sewage pumping stations (73 out of 84) and networks have been destroyed. Some have been repaired but urgently require fuel to operate.
    • 85 percent of small desalination plants (85 out of 103) have been partially damaged or completely destroyed.
    • 67 percent of the 368 municipal wells have been destroyed. Most of the private small wells cannot function due to lack of fuel or generators. 

    The lack of safe water, combined with untreated sewage overflowing in the streets has triggered an explosion of waterborne and infectious diseases. According to the World Health Organization, 88 percent of environmental samples surveyed across Gaza were found contaminated with polio, signalling an imminent risk of outbreak. Infectious diseases including acute watery diarrhoea and respiratory infections – now the leading causes of death – are also surging, with 46,000 cases, mostly children, being reported each week.

    Chickenpox and skin diseases such scabies and impetigo are also spreading rapidly, particularly among displaced populations in the Northern Gaza Governorate, where water shortages are most severe.

    “Rebuilding water and sanitation is vital for Gaza to have a path to normalcy after 15 months of horror. The ceasefire must hold, and fuel and aid must flow so that Palestinians can rebuild their lives. Lasting peace for Palestinians and Israelis can only come through a permanent ceasefire and a just solution.

    Clémence Lagouardat, Oxfam’s Humanitarian Coordinator in Gaza

    Oxfam International

    Meanwhile, with no waste collection and transport for over 15 months, more than 2,000 tonnes of garbage has been piling up in the streets every day.  This toxic combination of open sewage, uncollected waste and contaminated water is creating a perfect storm for a deadly disease outbreak.

    Lagouardat said: “Despite the increase in aid since the ceasefire, Israel continues to severely impair critical items needed to begin repairing the massive structural damage from its airstrikes. This includes desperately needed pipes for repairing water and sanitation networks, equipment like generators to operate wells.”

    Oxfam’s own 85 tonne-shipment of water pipes, fittings and water tanks – worth over $480,000 – had been held up for over six months because it was deemed as dual-use and “oversized” to enter. Israeli authorities only finally approved the shipment this week, although it has yet to enter.

    Lagouardat said: “Hundreds of thousands of displaced people across the Gaza Strip have had to resort to digging makeshift cesspits next to their tents. This daily discharge of approximately 130,000 cubic meters – the equivalent of 52 Olympic pools – of untreated sewage is contaminating the Mediterranean Sea and Gaza’s only aquifer.

    “Rebuilding water and sanitation is vital for Gaza to have a path to normalcy after 15 months of horror. The ceasefire must hold, and fuel and aid must flow so that Palestinians can rebuild their lives. Lasting peace for Palestinians and Israelis can only come through a permanent ceasefire and a just solution.”

    MIL OSI NGO

  • MIL-OSI United Kingdom: Museum secures funding for repairs to iconic Winter Gardens

    Source: City of Sunderland

    Sunderland Museum & Winter Gardens has secured £488,000 grant funding towards vital repairs to its iconic Winter Gardens.

    The MEND4 funding from the Arts Council England Cultural Investment Fund – Museum Estates and Investment Fund will be used to address issues with corrosion, glazing failure and mechanical systems within the Winter Gardens, protecting its tropical plant collections.

    Sunderland City Council is planning to match fund this latest Arts Council funding with £171,000 from its own funds, bringing the total investment in repairs to the Winter Gardens to £660,000.

    The much-loved Winter Gardens houses more than 2,000 species of plants below its glazed dome, with a curving staircase leading up to its treetop walkway. It also features a pond with Koi Carp and an impressive water sculpture.

    Welcoming the funding, Councillor Beth Jones, Cabinet Member for Communities, Culture and Tourism at Sunderland City Council, said: “We’re delighted to have secured £488,000 funding from the Arts Council England to carry out repairs to this very special part of our much-loved museum. 

    “The funding will help safeguard the future of this immensely popular green/tropical oasis in the heart of our city centre, which plays a major role in helping make Sunderland Museum and Winter Gardens one of the most popular tourist attractions in the North East.

    “It’s all about ensuring the vitality of one of our most loved venues for future generations to enjoy at the same time as retaining and enhancing its significance as a landmark building within the city. So it’s brilliant to see it supported using funding by Arts Council England.”

    Today’s funding announcement comes as work nears completion on repairs to the roof and masonry of the original Grade II listed 1879 Museum & Winter Gardens. This was carried out with the support of a £349,000 MEND2 grant from an earlier round of Arts Council funding in 2023, with the remaining £151,000 coming from the City Council. 

    This latest funding forms part of a package of funding that Sunderland City Council is pulling together for the museum, including plans to submit a bid to the National Lottery Heritage Fund in May 2025 for a multi-million pound redevelopment of Sunderland Museum & Winter Gardens.  The project will transform and rejuvenate the museum, better connecting it with Mowbray Park and introducing new ground floor galleries to take advantage of the space vacated by the library once it moves to the new Culture House currently under development in Keel Square.

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Remarks by SCST at media session (with video)

    Source: Hong Kong Government special administrative region

    Remarks by SCST at media session (with video)
    Remarks by SCST at media session (with video)
    *********************************************

         Following are the remarks by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, at a media session about the Kai Tak Sports Park grand opening ceremony and arrangements for purchasing tickets to the ceremony today (February 20): Reporter: Would the Government do real-name registration to counter ticket scalping? For people from overseas, how could they tune in to the ceremony? Will there be live signal on Youtube, or any other kind of platforms? Secretary for Culture, Sports and Tourism: For overseas viewers, they can also view through the apps or through the channels of our different free TV channels, through their apps, through the arrangements. They can watch it together with Hong Kong audience at 9.30pm at home in their countries or in their areas. There is no problem.      For scalping, first of all, we are selling the tickets through URBTIX. We have, of course, a series of different arrangements to ensure that fair arrangements for ticketing will be introduced and implemented. Secondly, it is also important to remind everybody that scalping is actually illegal in respect of shows staged in Kai Tak Sports Park. I invite and I urge all viewers and supporters of the event to get their tickets through the normal channel, through the proper official channel. And if you fail to do so, it doesn’t really matter because we have arranged free TV broadcast that particular night at 9.30pm, so there is no need really for any scalping, or to support these ticketing arrangements. Reporter: What considerations have been made regarding the Government’s deficit for the budget of the ceremony? Second question is, in terms of tickets, where would the proceeds go to? Secretary for Culture, Sports and Tourism: Without excluding costs, all the proceeds will go to the Community Chest of Hong Kong for charitable use. For the budget, of course, given the size of the Main Stadium of Kai Tak Sports Park and given also the involvement of quite a number of crews, staff members, given the involvement of a series of different settings, and also multi-visual and multimedia channels, we of course have included or reserved sufficient production budget for the event.           But we will also be very mindful of ensuring that we will do it very, very efficiently and effectively. And I have to give special thanks to all the participating artists, actors and performers. Most of them actually do not require us to provide special remuneration aside from the minimum (cost), for example, the make-up or hair-do, the minimum for the performance. We are really, truly grateful for their participation, for their support and for their generosity.           Let me assure everybody that we will be very, very careful to make sure that the opening ceremony would be staged with a reasonable budget. The cost is capped to a minimum, but still (the event is) spectacular and enjoyable.  (Please also refer to the Chinese portion of the remarks.)

     
    Ends/Thursday, February 20, 2025Issued at HKT 19:55

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Government posts notices of land resumption and acquisition for Second Phase Development of Yuen Long South New Development Area

    Source: Hong Kong Government special administrative region

    Government posts notices of land resumption and acquisition for Second Phase Development of Yuen Long South New Development Area
    Government posts notices of land resumption and acquisition for Second Phase Development of Yuen Long South New Development Area
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         The Lands Department (LandsD) today (February 20) posted resumption notices and acquisition notices in accordance with relevant ordinances to resume about 56 hectares of private land and acquire about 14.54 square metres of government land being occupied by two graves and four urns for the implementation of the Second Phase Development of the Yuen Long South New Development Area (YLS NDA).      Section 4 of the Lands Resumption Ordinance (Chapter 124), section 4 of the Land Acquisition (Possessory Title) Ordinance (Chapter 130), section 14 of the Roads (Works, Use and Compensation) Ordinance (Chapter 370) and section 14 of Chapter 370 as applied by section 26 of the Water Pollution Control (Sewerage) Regulation (Chapter 358, Subsidiary Legislation AL) will be invoked.      The about 56 hectares of land to be resumed involves a total of 1 231 private lots. The land will revert to the Government three months from the date of the notices (i.e. May 21, 2025). The Government will release ex-gratia land compensation to the relevant land owners after the land reverts to the Government.      The abovementioned land reversion date is the date of reversion of the ownership of the land in the Government. It is not the departure deadline for the affected households and business undertakings. According to the information obtained earlier from the freezing survey, there are a total of about 200 households and about 80 business undertakings within the development boundary of the Second Phase Development of the YLS NDA. According to the project programme, they are scheduled to depart in batches from the third quarter of 2025 to the third quarter of 2026. The LandsD sent letters to the affected households and business undertakings in June 2023 informing them of the expected departure dates and the compensation and rehousing arrangements for their early preparation. The LandsD and its appointed Community Liaison Service Team will maintain communication with the affected households and business undertakings, and provide updated information in a timely manner. The LandsD will post notices in relevant areas about three months before the departure deadlines of the affected households and business undertakings.      The Government is handling the compensation and rehousing matters of the affected land owners, households and business undertakings at full steam, and will endeavour to arrange rehousing for or release compensation to all eligible persons before the works commence.      The YLS NDA is a southern extension of Yuen Long New Town. According to the revised Recommended Outline Development Plan released in 2020, the YLS NDA will provide about 32 900 housing units accommodating a new population of about 98 700. About 13 700 employment opportunities will also be created.

     
    Ends/Thursday, February 20, 2025Issued at HKT 19:37

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: TRIFED enters into MOUs with Reliance Retail, HCL Foundation, and Torajamelo Indonesia for entrepreneurship development of tribals

    Source: Government of India (2)

    Posted On: 20 FEB 2025 5:02PM by PIB Delhi

    TRIFED has been taking various visionary steps towards tribal empowerment and to bring the tribal population towards mainstream empowerment. One such initiative in this direction is partnerships of TRIFED with Reliance Retail, HCL Foundation, and Torajamelo Indonesia to facilitate tribal businesses for elevating lakhs of tribals from the rural India to a mainstream National level.

    Memoranda of Understanding (MoUs) were signed on 19th February during the ongoing flagship event ‘Aadi Mahotsav,’ held at Major Dhyan Chand National Stadium in the National Capital from 16 to 24 February 2025, marking a pivotal step in ensuring the implementation of the B2B approach and augmentation of the tribal product market.

    These MoUs were exchanged by General Managers of TRIFED with Mr. Pradeep Ramachandran, Senior Vice President of Reliance Retail, Dr. Nidhi Pundhir, Global CSR Head of HCL Foundation and Ms Aparna Saxena Bhatnagar, CEO of Torajamelo, Indonesia respectively in the presence of Shri Ashish Chatterjee, Managing Director, TRIFED on various aspects leading to the socio-economic development of tribal communities across the country.

    The principal objective of the MoU with Reliance Retail is to supply tribal products in bulk to Reliance Retail; this collaboration will also help to provide sustainable sourcing initiatives, branding, and promotions of tribal products.

     

    The HCL Foundation will assist in establishing long-term collaborations with tribal artisans to provide capacity building and new training to enhance the product portfolio and promotion of existing products through their various platforms.

    The collaboration with Torajamelo will assist in expanding international marketing and sales channels for Indian tribal products in Indonesia. This will not only open up new markets for Indian tribal artisans but also foster a unique cultural exchange between artisans.

    TRIFED has been organizing “Aadi Mahotsav – National Tribal Festival” to provide direct market access to the tribal master craftsmen and women in large metros and State capitals. The theme of the festival is “A Celebration of the Spirit of Entrepreneurship, Tribal Craft, Culture, Cuisine, and Commerce,” which represents the basic ethos of tribal life.

    Smt. Droupadi Murmu, Hon’ble President of India, has inaugurated the festival in the August presence of Shri Jual Oram, Union Minister for Tribal Affairs, Shri Durga Das Uikey, Union Minister of State for Tribal Affairs Ms. Bansuri Swaraj, Hon’ble Member of Parliament, New Delhi and other dignitaries on 16th February 2025.

    With this and several other ventures, TRIFED continues further with its efforts to enable the economic welfare of these communities and bring them closer to mainstream development.

    About TRIFED:

    * TRIFED is an organization under the Ministry of Tribal Affairs, Government of India, dedicated to the socio-economic development of tribal communities through the marketing development of tribal products.

    About Reliance Retail:

    *Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India regarding revenue. Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs. As of 2023, it has over 245,000 employees at 18,000 store locations in 7,000 towns

    About HCL Foundation:

    *HCL Foundation (HCLF) was established in 2011 as the corporate social responsibility arm of HCL Tech in India. It is a value-driven, not-for-profit organization that thrives in contributing toward national and international development goals, impacting the lives of people and communities through long-term sustainable programs.

    About Torajamelo:

    *TORAJAMELO aims to alleviate poverty by creating a sustainable eco-system focused on women in indigenous rural communities. TORAJAMELO is an ethical fashion lifestyle brand that showcases Indonesia’s stories to the world while catering to both B2B and B2C customers. AHANA by TORAJAMELO was established in 2023 as a movement dedicated to driving the widespread adoption of responsible consumption, enabled by locally curated sustainable brands and products.

    ****

    Pawan Singh Faujdar/Divyanshu Kumar

    (Release ID: 2105016) Visitor Counter : 28

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Correctional Services Department Annual Review 2024 (with photos)

    Source: Hong Kong Government special administrative region

    Correctional Services Department Annual Review 2024 (with photos)
    Correctional Services Department Annual Review 2024 (with photos)
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         The following is the translation of the speech given by the Commissioner of Correctional Services, Mr Wong Kwok-hing, at the annual press conference today (February 20): Foreword      The Safeguarding National Security Ordinance officially came into effect upon gazettal in 2024, reflecting the determination of the Hong Kong Special Administrative Region Government to safeguard national security and building momentum for stable social development. Shouldering the missions of safeguarding national security and maintaining social stability, the Correctional Services Department (CSD) was committed to ensuring the effective delivery of its custodial and rehabilitation work in the past year. At the same time, the CSD has been actively extending its reach beyond the prison walls to proactively promote support for offender rehabilitation and conduct crime prevention education in the community through utilising the CSD’s unique resources, with a view to nurturing young people into law-abiding social leaders. (1) Overview of penal population      In 2024, the number of admissions to correctional institutions (including convicted persons, remands and detainees) increased 7 per cent to 18 438 as compared with 2023. In addition, the average daily penal population at correctional institutions also increased significantly to 9 550 persons in 2024 from 8 498 persons in 2023, representing an increase of 12 per cent. The average daily occupancy rate also rose from 75 per cent to 85 per cent.      The year-on-year rate of increase in the average daily number of remands has been over 15 per cent since 2021. The respective number of persons stood high at 3 650 in 2024, representing an increase of 18 per cent as compared with 3 096 persons in 2023, which hit a new record high since 2000.       On the other hand, since 2021, the CSD has assisted to detain adult detainees who are non-Hong Kong residents detained under the Immigration Ordinance. The number of detainees increased by 36 per cent, from 580 in 2023 to 787 in 2024, while the average daily number of detainees substantially increased by 72 per cent from 185 in 2023 to 318 in 2024.       In 2024, the number of admissions to correctional institutions owing to their involvement in offences relating to the black-clad violence (including riots, unlawful assembly) and their contravention of the Hong Kong National Security Law/Safeguarding National Security Ordinance was 410 (64 of them were involved in the contravention of the Hong Kong National Security Law/Safeguarding National Security Ordinance). Compared to 950 in 2023, the number of such admissions dropped by 540, representing a decrease of 57 per cent. As at December 31, 2024, the number of persons in custody involved in offences relating to the black-clad violence and those contravening the Hong Kong National Security Law/Safeguarding National Security Ordinance was 591, representing a decrease of 24 per cent as compared to 776 in 2023.      In response to the ever-changing penal population, especially the increasing population of remands, the CSD has deployed part of the capacity of individual correctional institutions to admit remands in order to alleviate the overcrowding situation of the reception centre. Moreover, the Department has already commenced the in-situ partial redevelopment of Lai Chi Kok Reception Centre, which will increase its capacity for admitting adult male remands in the long run. The Department will continue to closely monitor the changes in penal population and flexibly redeploy resources having regard to the actual operational needs to adjust the capacity for persons on remand in a timely manner. (2) Custodial work      Despite the increasing number of admissions and the growing penal population in the past year, which posed formidable challenges to both the governance and security of correctional institutions, correctional officers continued to stay united and stand fast to their posts. With the continued adoption of the nip-in-the-bud strategy, under which intelligence collection and search operations were stepped up, coupled with the application of technology and the upgrading of facilities and equipment, we strived to combat illicit activities and acts of indiscipline, thereby maintaining the good order and discipline of correctional institutions.      With regard to intercepting the smuggling of dangerous drugs into institutions, under the intensive measures by the Department, there were only six seizure cases of suspected dangerous drugs last year, representing a significant decrease of over 60 per cent as compared with 16 cases in 2023. Five of the cases were found in body-cavity concealment of newly admitted persons in custody; and the remaining one case was found in the mail sent to a person in custody. In addition, the Department continued to take a proactive approach by conducting a total of 12 547 joint search/special search/night raid operations in correctional institutions last year, covering 20 589 locations. Mobile X-ray scanners were also introduced to enhance the efficacy of search operations and strengthen the deterrent effect.          In 2024, as the number of admissions to and the penal population of correctional institutions kept increasing, the number of cases involving acts of indiscipline and violent acts among persons in custody also rose. In 2024, the number of disciplinary charges against persons in custody was 6 393. Counted against the penal population, there were 669 disciplinary cases per 1 000 persons in custody, representing an increase of 7 per cent as compared with 628 cases in 2023. The top three charges were “offending good order and discipline”, “possession of any unauthorised article” and “disobeying the orders of correctional officers”, which accounted for 35 per cent, 28 per cent and 18 per cent of the total number of disciplinary charges respectively. In 2024, a total of 3 412 persons in custody were subject to disciplinary charges, representing an increase of 401 persons or 13 per cent as compared with 3 011 persons in 2023. Among them, 618 committed disciplinary offences three or more times, involving 2 837 disciplinary charges, which accounted for 44 per cent of the total number of disciplinary charges.      In 2024, a total of 382 cases involving violent acts were recorded, representing an increase of 9 per cent as compared with 351 cases in 2023. These cases mainly involved fighting among persons in custody and assaulting others. Among these cases, 26 cases of a more serious nature were referred to the Police for follow-up, representing an increase of 18 per cent as compared to 22 cases in 2023. The number of correctional officers who were injured after being attacked or while stopping violent acts was 20, representing an increase of 33 per cent as compared to 15 in 2023.       In 2024, five cases of concerted acts of indiscipline among persons in custody were recorded, representing an increase of one case over 2023. The number of participants involved in the above incidents was 49 in total.      To maintain the good order and discipline of correctional institutions, apart from combating various kinds of acts of indiscipline through strict law enforcement by institutional staff, the Regional Response Team carried out a total of four operations in 2024 to support the security work of correctional institutions, which involved the handling of incidents like collective actions against the institutional management and group fights among persons in custody.       Apart from combating illicit activities and acts of indiscipline among persons in custody, correctional officers must stay vigilant at all times to detect and prevent any self-harm acts by persons in custody. Under the concerted efforts of correctional officers, a total of 18 self-harm cases were recorded in 2024, representing a significant decrease of 40 per cent as compared with 30 cases in 2023. (3) Rehabilitation      In 2024, the Department enhanced its rehabilitation work on all fronts by fully implementing various measures, including strengthening the determination of persons in custody to rehabilitate, extending the reach of rehabilitation programmes beyond the prison walls, and making an all-out effort to seek participation in and support for rehabilitation work from all sectors of the community, with a view to assisting persons in custody to turn over a new leaf and reintegrate into society.      To address the special rehabilitation needs of persons in custody involved in the black-clad violence and contravening the Hong Kong National Security Law/ Safeguarding National Security Ordinance, the Department continued to launch a number of diversified rehabilitation programmes under the Project PATH to enhance their knowledge of the Chinese traditional culture, foster good character and moral education, and teach them to appreciate and pass down Chinese culture. A flag-raising and foot drill competition was held for the first time with an aim to enhance their sense of national identity.      Furthermore, to enable persons in custody to obtain more opportunities for upward mobility, the CSD launched “Project JET” in October 2022 to provide one-stop training and career development opportunities for persons in custody, encouraging them to make life planning early, make full use of their talents and contribute to society. The project includes life planning, in-centre training, post-release internship, formal employment and a mentoring scheme. “Project JET” was awarded the Community Corrections Award, an excellence award by the International Corrections and Prisons Association last year.      The CSD launched the Rehabilitation Dog Services in early 2024 at Lo Wu Correctional Institution and Phoenix House to provide animal-assisted therapies to persons in custody in need, with a view to improving their depression and anxiety and reducing their violent tendencies. Moreover, the Rehabilitation Dog Services Internship Programme implemented at Phoenix House helps halfway house trainees build self-confidence and develop a sense of responsibility through caring for rehabilitation dogs. Trainees and rehabilitation dogs were arranged to visit elderly service centres to conduct caring visits, thereby giving back to society.      In 2024, the Department also set up two family therapy centres at the Multi-purpose Family and Rehabilitation Service Centres in Tuen Mun and Sheung Shui to organise different kinds of treatment programmes for rehabilitated drug addicts under statutory supervision and rehabilitated persons with violent tendencies or radical thoughts. By extending the in-prison psychological and family counselling services to the community, the Department aims to help them resolve family problems so that they can rebuild family relationships smoothly.      In 2024, the Department set up the Correctional Rehabilitation Research Unit to envision evidence-informed rehabilitation services through promoting research and making reference to the latest international research findings. Last year, the Unit published two issues of “Insight”, a research bulletin, with contents covering “the effect of education programmes on the psychological conditions and rehabilitation motives of persons in custody”, “how rehabilitation dogs enhance psychological health”, and “the application of sports activities on male persons in custody”. Moreover, the Unit has also endeavoured to enhance professional exchanges and its network with overseas, Mainland and local research consultants and practitioners, so that they can consider collaborative research issues on rehabilitation services.      On education, to further enable the inaugural graduates of the Ethics College who have obtained the Diploma of Applied Education to pursue higher qualifications, a two-year full-time Associate of General Studies distance programme was organised in the Ethics College in September 2024 to provide persons in custody with an option for further studies. Meanwhile, the CSD has also extended the Ethics College to Pik Uk Prison to provide a half-day Associate of General Studies programme and half-day vocational training for graduates of the Ethics College who are unable to complete the associate degree programme during the remainder of their sentences. This allows them to receive short-term educational and vocational training and continuously equip themselves in preparation for reintegration into society for academic and career pursuits upon their imminent release.      The overall passing rate of public examinations taken by persons in custody was 88.4 per cent last year (85.3 per cent and 90.6 per cent for adult and young persons in custody respectively), representing an increase of 5.7 percentage points over 2023. One person in custody obtained a total of 25 marks in six papers under the Hong Kong Diploma of Secondary Education Examination. Four additional persons met the general entrance requirements for local universities. Moreover, one person in custody was awarded a doctoral degree, and 11 others were awarded bachelor’s degrees.      On vocational training, the Department provides 13 market-oriented vocational training courses to young persons in custody, and 43 vocational training courses with more than 1 700 training places, an increase of 300 places as compared with 2023, for lawfully residing adult persons in custody who are due for discharge within 24 months and eligible for employment to enrol on a voluntary basis.       Last year, the overall passing rate of vocational training examinations taken by persons in custody was 99.5 per cent (99.3 per cent and 100 per cent for adult and young persons in custody respectively). Their employment rates after six months of employment follow-up period upon release were 87.3 per cent and 78.4 per cent respectively.        Moreover, the Department has endeavoured to establish close partnerships with organisations and individuals from different sectors of the community, with a view to providing comprehensive rehabilitation services. The Department held in June last year the first Rehabilitation Partners Award Scheme Presentation Ceremony to honour 120 non-governmental organisations (NGOs), charitable institutions, commercial organisations, post-secondary institutions, etc, in recognition of their active support for persons in custody and rehabilitated persons over the past two years, as well as to encourage different sectors of the community to become Rehabilitation Partners and support rehabilitation work.       Over the past 20 years and so, based on the year of discharge, Hong Kong’s recidivism rate (the percentage of readmission of local persons in custody to correctional institutions following conviction for a new offence within two years after discharge) has recorded a significant decrease from 39.9 per cent in 2000 to 21.8 per cent in 2022. The hard-earned result reflects the perseverance and hard work of correctional officers, the firm determination of persons in custody and rehabilitated offenders to turn over a new leaf, as well as the support for offender rehabilitation from all sectors of the community. (4) Community education      The CSD’s Rehabilitation Pioneer Project (RPP) provides a series of community education activities to disseminate to young people the four key messages of safeguarding our country and home, leading a law-abiding and drug-free life as well as supporting offender rehabilitation. Last year, the Department strengthened its patriotic education for young people to enhance their sense of national identity and raise their understanding of our country. A total of 45 133 participants joined various RPP activities last year, representing an increase of 2.5 per cent as compared with 44 015 in 2023.      To further promote the coverage of the Rehabilitation Pioneer Leaders (RPL) in the community, the Department continued a school-based programme to provide on-campus training. Currently, a total of six schools have joined the school-based programme, and the total number of RPL trainees has exceeded 600, representing an increase of 49 per cent as compared to that at the end of 2023. The Department also continued to enhance the diverse training programmes for RPL to help them develop their potential, including organising two certificate courses in 2024, namely Foundation Certificate in Correctional Studies and Criminal Legal Studies and Foundation Certificate in Moral and Personal Management, both pitched at Level 2 under the Hong Kong Qualifications Framework for Secondary One to Three RPL trainees to strengthen their awareness of making joint effort to build a society underpinned by the rule of law, foster positive thinking and establish good virtues.      Upholding the principle of sustainable development, the Department launched an initiative called “Captain Gor Union” and its mobile application last December, establishing a membership system for the RPP to recruit primary and secondary students as members. The members will then be arranged to join different activities promoting national security, national education, crime prevention, anti-drug and support for offender rehabilitation messages, as well as cultural exchange activities. The new membership system not only makes youth development work more systematic and sustainable but also helps recruit young people with great potential to join the RPL, with a view to continuously bringing in new blood to the Department’s youth uniformed group.      The Department organised different types of exchange activities under the theme “exploring our country ・ caring the community” last year. RPL trainees were arranged to visit different places on the Mainland, such as Wuhan, Beijing, Tianjin and Urumqi, and participate in volunteer activities. In addition, at the end of last year, the Department implemented a comprehensive co-operation programme with the charitable organisation, Long Caring, and arranged for RPL trainees to be the first uniformed youth group to join a tour to the Hong’an Hope Town in Hubei to enable them to learn about our country’s poverty alleviation work and the road to great rejuvenation of the Chinese nation.      Furthermore, in celebration of the 75th anniversary of the founding of the People’s Republic of China, the Department organised the first 3×3 Basketball Invitation Game for Hong Kong Uniformed Youth Groups in celebration of National Day last October to unite different uniformed youth groups in Hong Kong, aiming to promote patriotism through positive sport games, enhance young people’s sense of national identity and nurture them into a new generation with an affection for our country and Hong Kong and a positive mindset. (5) Human resources      In 2024, a total of 30 Officers and 344 Assistant Officers II were recruited. As at December 31, 2024, there were 674 vacancies for disciplined staff, accounting for 10.3 per cent of the overall establishment of the Department. The Department continued to implement the Post-retirement Service Contract Scheme last year to relieve the manpower strain. As at December 31, 2024, a total of 127 retirees were recruited. About 45 Officers are expected to be recruited this year, and the year-round recruitment for the post of Assistant Officer II will continue to fill the relevant vacancies.      Multipronged recruitment strategies were adopted last year to attract more talents who aspire to serve the community to join the Department, which achieved remarkable overall results. The total number of Assistant Officers II recruited in 2024 saw an increase of 18.6 per cent as compared with 290 in 2023.      In addition, the Department continued to work closely with different support service centres for ethnic minorities and schools last year. A variety of activities were organised to attract non-ethnic Chinese to apply for the vacancies of the CSD. In 2024, an additional 13 non-ethnic Chinese correctional officers were appointed. As at December 31, 2024, a total of 66 non-ethnic Chinese correctional officers were employed by the Department.      On staff training, to enhance patriotism and national security awareness among correctional officers, the Department continued to include training elements of national security, national education and patriotic education in the recruit training and training courses for serving staff, including inviting legal professionals and renowned scholars to host talks and sharing sessions, and arranging for correctional officers to visit the National Security Exhibition Gallery, the Patriotic Education Centre and the Chinese People’s Liberation Army Hong Kong Garrison Exhibition Center at Ngong Shuen Chau Barracks, as well as organising study and exchange visits to the Mainland for correctional staff. In 2024, 130 related activities were organised by the Department with over 2 600 staff members participating in the activities. (6) Application of innovation and technology      Last year, the Department continued to introduce innovation and technology projects to correctional facilities to assist the institutional management in enhancing management and operational efficiency and raising the security level of facilities. For example, the Department introduced the Second Generation Automatic Drone Patrol and Monitoring System to Tong Fuk Correctional Institution and implemented the Artificial Intelligence Coastal Surveillance System on Hei Ling Chau.      In addition, the Department continued its efforts to tie in with the Government’s Smart City Blueprint by digitising its public services. The Approved Hand-in Articles e-Ordering Service was implemented in all correctional institutions last December, enabling relatives and friends of persons in custody to purchase approved hand-in articles for them via an online platform. The articles are directly delivered to the correctional institutions concerned by the supplier. The service not only reduces the time visitors spend sourcing the articles in the market and the inconvenience of carrying them to the correctional institutions, but also shortens the time for correctional officers to conduct security checks and handle the articles, thereby enhancing the operational efficiency of correctional institutions.      Meanwhile, the CSD launched two new technology projects, namely Digital Incarceration Proof and Chatbot Service, at the end of last year to bring convenience to the public. Members of the public may apply for the Digital Incarceration Proof through the “iAM Smart” mobile application, instead of having to visit the CSD Headquarters in person as in the past. Furthermore, the Chatbot Service is provided on the CSD website and its mobile application. Through the use of chatbot “Ching Ching” to handle public enquiries, the efficiency of the public enquiry service can be raised. (7) Deepening collaboration with the Mainland and international partners      The CSD has been fostering professional collaboration with the Mainland and overseas correctional institutions to establish close partnerships and create opportunities for co-operation on issues of mutual concern, making its best endeavours to tell good correctional stories and to tell good stories of Hong Kong.      The Department held the first Greater Bay Area Correctional Services Tactical Skills Competition in January this year, with the participation of seven teams from correctional organisations in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The event effectively facilitated the exchange of experiences in crisis management between the CSD and correctional organisations in the GBA, with a view to enhancing the tactical skills of the response teams and their emergency response capabilities.      Apart from fostering exchanges and connections within the GBA, the Department has also actively integrated into our country’s Belt and Road Initiative. In March last year, the Department and the Hungarian Prison Service (with Hungary being the first European country to sign the Belt and Road co-operation agreement) signed a Memorandum of Understanding. Through formulating and promoting co-operation programmes including experience sharing in correctional services, personnel exchanges and joint research, the development of the two correctional authorities could be enhanced, and long-term co-operation relationship could be established, thereby deepening professional exchanges about international correctional services.      In November last year, the Department further enhanced its role as an international link by hosting the 42nd Asian and Pacific Conference of Correctional Administrators. About 140 correctional chiefs and representatives from 30 Asia-Pacific countries and regions (including 16 Belt and Road countries) attended the Conference, themed “Collaboration for Sustainable and High-quality Development”, to conduct professional exchanges about correctional services and the future development, with a view to strengthening and facilitating regional co-operation and further enabling counterparts from different places to gain a better understanding of the unique advantages and latest developments of Hong Kong’s correctional system. (8) Priorities in the coming year      Concluding its efforts made in 2024, the CSD achieved significant progress in various areas of its work. Looking forward, the Department will build on its success and seek changes while maintaining stability. We will continue to make innovations with professionalism in the three major areas of work, namely custodial work, rehabilitation and community education, with a view to making the CSD an internationally acclaimed correctional services institution.      On custodial work, following the successful organisation of the Greater Bay Area Correctional Services Tactical Skills Competition early this year, the CSD plans to set up the Hong Kong Correctional Services Response Tactics Training Base at Cape Collinson Correctional Institution to provide professional tactical skills training courses for officers of correctional institutions on the Mainland and overseas as well as local law enforcement officers to facilitate in-depth exchanges of response tactics and related skills between correctional institutions and professional law enforcement agencies in different jurisdictions and the CSD’s response teams, thereby enhancing their professionalism and response capabilities to deal with prison emergencies.      The Department will continue to introduce elements of innovation and technology into correctional facilities to raise operational efficiency, enhance institutional security and strengthen the self-management ability of persons in custody. These include the installation of the Persons in Custody Integrated Intelligent Communication System, the Electric Locks Security System, the Movement and Location Monitoring System, the Smart Visitor Management System, etc, in different institutions progressively. Moreover, the Department plans to set up a Penal Lab at Cape Collinson Correctional Institution jointly with the Hong Kong Science and Technology Parks Corporation in the first half of this year, where tailor-made innovative solutions can be tested, so that more smart initiatives tailored for penal settings can be introduced to enhance operational efficacy and service quality of the Department.      Following the launch of the Social Visit e-Booking Service, the Department plans to introduce a new e-booking option for video social visits to enable relatives and friends of persons in custody to make appointments via the Department’s webpage or its mobile application for video visits at the five Multi-purpose Family and Rehabilitation Service Centres located in the urban area. The new service can not only enhance the operational efficiency of the Department but also bring convenience to relatives and friends of persons in custody.      As for rehabilitation work, the Correctional Rehabilitation Research Unit will continue to carry out research studies in collaboration with local universities to promote evidence-informed rehabilitation services. The Unit plans to share its research findings with stakeholders and the public this year, including rehabilitated persons’ desistance from re-offending, and the use of social media of young persons in custody before incarceration and its impact on their mental health, in the hope of providing guidance on the formulation of future strategies for rehabilitation and crime prevention work.      Moreover, to address the rehabilitation needs of persons in custody serving short-term prison sentences, the Department is in discussion with an NGO to provide with them one-stop rehabilitation support services during imprisonment and after release, which include assessments made by professional social workers, participation in personal growth sessions, and the establishment of a positive social network after release. Such services can help rehabilitated persons establish positive values, develop law-abiding awareness, explore personal strengths, build self-confidence and set life goals, thereby reducing their recidivism risk. Under the collaborative project, the Correctional Rehabilitation Research Unit will carry out a three-year research project in collaboration with a local university and an NGO to track the rehabilitation situation of service users after release.      Furthermore, in view of the remarkable results of the Rehabilitation Dog Services Programme launched last year, the Department plans to conduct further studies with local universities and extend the programme to institutions for adult male persons in custody, with a view to benefitting more persons in custody in need.                  As regards community education, the Department will strengthen youth education in terms of its breadth and depth to nurture young people into a new generation with law-abiding awareness and affection for our country and Hong Kong.      With regard to expanding the breadth of youth education, the Department will make greater effort to enhance its connection with schools in various districts to further increase the number of schools joining the school-based RPL programme to recruit more RPL trainees.      The Department will extend its collaboration with other departments to jointly organise more publicity activities to promote crime prevention and anti-drug messages. For example, in view of an escalating trend of taking “space oil drug”, the Department will join hands with the Narcotics Division to organise the Creation and Rehabilitation Programme under the theme of “space oil drug” at Stanley Prison next month to disseminate anti-drug messages to participating students.       With regard to expanding the depth of youth education, to encourage young people to obtain an in-depth understanding of our country’s overall development trend, the Department will provide RPL trainees with job tasting opportunities on the Mainland to enable them to establish Mainland networking and raise their understanding of the Mainland market to assist them in realising their life planning and seizing national development opportunities.      A microfilm premiere on national security will be held this April to deepen the dissemination of messages about national security and the importance of the rule of law among participating secondary students and members of youth uniformed groups.      Lastly, in order to enhance the promotion of correctional work and the dissemination of the message of support for offender rehabilitation to the general public, since January this year, the Correctional Services Department Sports Association (CSDSA) has operated an online gift sales platform for charity named “Made in Prison” (MIP), which aims to foster a caring heart in the community through the sale of handcraft products made by persons in custody to the public. The charity online gift sales platform is operated by the charity fund under the CSDSA. All proceeds from the sale, after deducting necessary costs, will be donated to various local registered charities, thereby promoting the development of the local charity industry as well as providing persons in custody with opportunities to contribute to society.      In its future development, the MIP will introduce more innovative green elements. The Department and the Hong Kong Polytechnic University (PolyU) signed a Memorandum of Understanding in early February this year, under which PolyU’s patented technology for making 3D printing material with spent coffee grounds will be applied to the industrial production work performed by persons in custody. PolyU will also provide vocational training in product design for persons in custody to assist them in designing more environmentally friendly spent coffee grounds products, which will be available for sale on the MIP platform. The development of the platform signifies the CSD’s sheer determination to care for the underprivileged, the environment and the community in an innovative way.

     
    Ends/Thursday, February 20, 2025Issued at HKT 15:40

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Residential Care Services Scheme in Guangdong to expand

    Source: Hong Kong Government special administrative region

    Residential Care Services Scheme in Guangdong to expand
    Residential Care Services Scheme in Guangdong to expand
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         The Social Welfare Department (SWD) announced today (February 20) that starting from March 1, four additional residential care homes for the elderly (RCHEs) located in Jiangmen, Foshan and Shenzhen will become Recognised Service Providers under the Residential Care Services Scheme in Guangdong (the Scheme) to provide subsidised care and attention places for participating elderly persons.       The information of the additional RCHEs is as follows: 

    Name of RCHEs
    Location of RCHEs

    Jiangmen

    1.
    Jiangmen Xinhui Elderly Care Center
    68 Nanan Road Lane 3, Huicheng Street, Xinhui District, Jiangmen

    Foshan

    2.
    Foshan Nanhai Taoyuan Welfare Centre Co., Ltd(Operated under the partnership formed by Sing Yan Nursing Home Limited and a Mainland elderly service operator)
    1 Zhuangyuan Road, Luocun Village, Shishan Town, Nanhai District, Foshan

    Shenzhen

    3.
    Shenzhen Foresea Life Insurance Warm Home(Operated under the partnership formed by Beijing Elder Centre Limited and a Mainland elderly service operator)
    1099 Xinan Sixth Road, Haibin Community, Xinan Street, Baoan District, Shenzhen

    4.
    Shenzhen Expressway Shengao Lekang Health Service (Shenzhen) Co., Ltd (Guangming Social Welfare Institute)(Operated under the partnership formed by E.T. Investment Limited and a Mainland elderly service operator)
    101 Guangming Social Welfare Institute, Biming Road, Guangming Street, Guangming District, Shenzhen

         Together with the existing 11 RCHEs, the total number of RCHEs registered under the Scheme will increase to 15, located in six Mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) (i.e. Shenzhen, Guangzhou, Foshan, Zhaoqing, Zhongshan and Jiangmen), providing more choices for elderly persons who are interested in retiring in the Mainland cities in the GBA.     Details of the Scheme are available at the SWD website (www.swd.gov.hk/en/pubsvc/elderly/cat_residentcare/subrcheplace/guangdong/index.html).

     
    Ends/Thursday, February 20, 2025Issued at HKT 14:30

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Union Health Ministry launches Intensified Special NCD Screening Drive to ensure 100% coverage of all individuals aged 30 years and above

    Source: Government of India (2)

    Union Health Ministry launches Intensified Special NCD Screening Drive to ensure 100% coverage of all individuals aged 30 years and above

    Key Highlights of the NCD Screening Campaign include Door-to-Door Comprehensive Outreach, Multi-Agency Collaboration and Real-Time Monitoring for Effective Implementation

    Posted On: 20 FEB 2025 12:01PM by PIB Delhi

    In view of the escalating burden of Non-Communicable Diseases (NCDs) in the country, the Ministry of Health & Family Welfare has launched an Intensified Special NCD Screening Campaign today. Running from 20th February to 31st March 2025, this ambitious initiative aims to achieve 100% screening of all individuals aged 30 years and above for prevalent NCDs, including Diabetes, Hypertension, and three common cancers—Oral, Breast, and Cervical.

    The campaign will be executed across Ayushman Arogya Mandirs (AAMs) and various healthcare facilities nationwide, under the National Programme for Prevention and Control of Non-Communicable Diseases (NP-NCD).

    Key Highlights of the Campaign are as under:

    • Door-to-Door Outreach: Trained ASHAs, ANMs, and frontline workers will conduct community visits to ensure maximum screening coverage, reaching individuals in their homes.
    • Essential Supplies: States and Union Territories (UTs) will guarantee the availability of essential medical supplies, including BP monitors, glucometers, and necessary medications at all healthcare centers.
    • Real-Time Monitoring: Data on screening, treatment, and follow-ups will be uploaded daily on the NP-NCD Portal, ensuring transparency and accountability.
    • Multi-Level Coordination: Nodal officers will be appointed at facility, block, district, and state levels to facilitate seamless execution of the campaign.
    • Daily Progress Review: States and UTs will provide updates to the Ministry by 6 PM daily, allowing for continuous monitoring and technical support.

    The Intensified Screening Campaign aims to achieve the following:

    • 100% Screening Coverage: The campaign aims to ensure early detection and timely intervention for NCDs.
    • Improved Linkage to Care: By establishing structured treatment and follow-up protocols, the campaign seeks to reduce complications associated with NCDs.
    • Better Health Outcomes: The initiative is expected to lower healthcare costs and enhance the overall quality of life for individuals across the nation.

    The Government of India is steadfast in its commitment to strengthening preventive healthcare and ensuring universal access to quality health services under the Ayushman Bharat initiative. This special drive marks a significant step toward a healthier and NCD-free India, empowering citizens to take charge of their health and well-being.

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    MV

    HFW/Launch of NCD Screening Drive/20 February 2025/1

    (Release ID: 2104884) Visitor Counter : 43

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: 6th Edition of the Delhi International Leather Expo begins at IICC,Yashobhoomi

    Source: Government of India (2)

    Posted On: 20 FEB 2025 11:59AM by PIB Delhi

    The Council for Leather Exports (CLE) is organising the 6th Edition of the Delhi International Leather Expo (DILEX) – Reverse Buyer Seller Meet (RBSM) during 20th and 21st February 2025 at the India International Convention & Expo Centre (IICC), Yashobhoomi, Dwarka, New Delhi, with funding support from the Government of India under the Market Access Initiative (MAI) Scheme. This landmark event is poised to strengthen India’s position in the global leather and footwear industry.

    The 6th edition boasts expanded participation with approximately 225 Indian exhibitors showcasing their latest collections across an 8,000-square-meter exhibition area, a significant increase from the previous edition. Its global reach has also grown, with over 200 foreign buyers from nearly 52 countries, including key markets in Europe and the U.S., compared to just 130+ last time. The event will take place in Hall 1B at IICC, offering a world-class venue, while robust domestic engagement is ensured with over 500 representatives from Indian buying houses, retailers, and trade buyers, fostering extensive networking opportunities.

    During the inauguration of the 6th Edition of the Delhi International Leather Expo (DILEX), organized by the Council for Leather Exports (CLE), Shri Vimal Anand, Joint Secretary of the Department of Commerce, remarked that the event marked a significant milestone in India’s global trade journey. He noted that in the post-COVID recovery phase, India’s leather and footwear industry had demonstrated exceptional resilience by expanding exports and positioning the country to achieve its ambitious targets, including a goal of USD 7 billion for FY 2025-26.

    Shri Anand, also shared that with favorable policies, such as import duty exemptions on wet blue leather and enhanced credit guarantees for MSMEs, India is well-positioned to capitalize on emerging global shifts—particularly in light of geopolitical changes and new market access opportunities, including tariff adjustments and the “China Plus One” demand.

    Shri RK Jalan, Chairman, Council for Leather Exports at the inauguration of DILEX 2025 said, “The 6th Edition of the Delhi International Leather Expo (DILEX) 2025 opens doors for the global leather and footwear sector amidst an evolving geopolitical landscape. As the world recovers from the pandemic and contends with disruptions like the Russia-Ukraine conflict, Trump Tariff era and China’s aggressive trade policies, India’s leather industry has shown resilience, achieving consecutive months of growth. With a positive trajectory, we aim to reach the Department of Commerce’s USD 7bn export target and position India among the top 5 global exporters by FY 2025-26.

    As India continues to expand its footprint in the global footwear and leather market, DILEX 2025 provides a critical platform for fostering international trade and collaboration. The event facilitates one-on-one business meetings, allowing manufacturers and exporters to engage directly with international buyers, thereby exploring viable sourcing alternatives. At a time when India is increasingly recognized as a “China Plus One” sourcing option, DILEX 2025 reaffirms the country’s commitment to innovation, sustainable growth, and excellence in the leather and footwear sectors.                                              

    ***

    Abhishek Dayal/Abhijith Narayanan

    (Release ID: 2104883) Visitor Counter : 63

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Ombudsman announces results of direct investigation operation into Government’s arrangements for recovery, refurbishment and reallocation of public rental housing flats (with photos)

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Office of The Ombudsman:

         The Ombudsman, Mr Jack Chan, today (February 20) announced the completion of a direct investigation operation into the Government’s arrangements for the recovery, refurbishment and reallocation of public rental housing (PRH) flats, and has made 19 major recommendations for improvements to the Housing Department (HD) and the Hong Kong Housing Society (HKHS).

         The current-term Government has been making every effort to increase the PRH supply, and its efforts are delivering tangible results. In addition, the HD and the HKHS recover a number of PRH flats each year for various reasons such as tenants purchasing private flats in the market or subsidised sale flats, moving into residential care homes, passing away or voluntarily surrendering their flat for other reasons. In the past five years (note), the HD and the HKHS have recovered 15 700 and 1 100 PRH flats respectively on average each year. Efficient recovery and refurbishment of PRH flats is essential to speed up the reallocation of flats, thereby shortening the waiting time for public housing.

         Mr Chan said, “The current-term Government has diligently identified sites and built housing estates to solve the pressing housing problem. It endeavours to enhance quantity, speed, efficiency and quality, and adopts a proactive and positive attitude in enhancing the sense of happiness of the public. In combating abuse of public housing, the Government has spared no effort and implemented enhancement measures. Its efforts are delivering tangible results.

         “Subsequent to the launch of our direct investigation operation, the HD proactively introduced several enhancement measures to expedite the process of refurbishing recovered flats for reallocation to PRH applicants. Starting from November 2024, relevant measures have been put into practice in phases. For instance, the HD has set up a mechanism to provide contractors with information about the housing estates where there will be vacant flats in advance so that the contractors can make prior arrangements for the materials and manpower required for refurbishment works. The Department will also request that contractors give priority to refurbishment of vacant flats accepted by prospective tenants. It has also revised its Vacant Flat Refurbishment Allowance Scheme to extend the coverage to all vacant units regardless of the age of the property so that those who choose to join the scheme can move in as soon as possible. We consider such efforts of the HD laudable. In our view, the HD and the HKHS should take further steps forward to make reforms in recovery, refurbishment and reallocation arrangements to achieve a quicker turnover of PRH flats and ensure optimal utilisation of precious public housing resources.”

         The Office of The Ombudsman (the Office) has made 19 recommendations for improvements to the HD and the HKHS regarding exploring improvement of workflows to speeding up recovery of PRH flats, improving the procedures for handling items left in PRH flats by previous tenants, enhancing arrangements for refurbishment and reallocation of PRH flats, and reviewing relevant measures. The Office is pleased to learn that the HD and the HKHS have generally accepted all the Ombudsman’s recommendations for improvement.

         The Ombudsman’s major recommendations for improvement to the HD are: 

    improve the procedures for recovering the flats of deceased singleton tenants and revise the relevant guidelines;
    strengthen staff training on recovery of flats of deceased singleton tenants to enhance staff’s understanding of the revised workflow;
    explore how the procedures for handling cases involving tenants’ failure to vacate and surrender their flat upon expiry of the deadline prescribed in the Notice-to-Quit can be improved;
    maintain close communication with members of the Appeal Panel (Housing) and give due consideration to various proposals for improvement to facilitate the smooth decision-making process of the Appeal Tribunal;
    explore the setting of targets for reallocation arrangements after recovery of PRH flats where feasible;
    enhance the computer system to add functions of data collection, statistics compilation and analysis to improve the efficiency of refurbishment and reallocation of recovered PRH flats; and
    improve communication with tenants and their emergency contact persons, requesting that tenants provide an email address to facilitate communication.

         The major recommendations for improvement made to the HKHS are:
     

    make reference to the HD’s procedures for recovering the flats of deceased singleton tenants and revise the relevant guidelines; 
    arrange staff training after revising the guidelines on handling the tenancy matters of deceased singleton tenants;
    re-examine the procedures for handling items left in PRH flats by previous tenants;
    to be more proactive and decisive in handling cases of failure to surrender PRH flats;
    explore appropriate revisions of relevant arrangements to shorten the time frame for issuance of refurbishment work orders after recovery of a flat to less than 14 days to enhance efficiency and create a monitoring mechanism;
    re-examine the process of reallocation of recovered flats and explore setting of targets for reallocation arrangements after recovery of PRH flats where feasible; 
    improve the computer system for statistical analysis to effectively collate information on refurbishments and reallocations of recovered PRH flats for better efficiency;
    review the workflow and standards of refurbishment works of vacant PRH flats to speed up work progress and shorten the refurbishment period;
    consider introducing a scheme similar to the HD’s Vacant Flat Refurbishment Allowance Scheme and study the feasibility;
    consider following the HD’s example in issuing a Letter of Assurance to offer PRH accommodation to tenants who surrender their flat due to admission to residential care homes or imprisonment, when they have housing needs in future; 
    re-examine the arrangements for tenants’ surrender of their PRH flats after acquiring other forms of subsidised housing; and
    request that tenants and their emergency contact persons provide an email address to facilitate communication.

         The full investigation report is available on the website of the Office of The Ombudsman at www.ombudsman.hk for public information.

    Note: HD uses a financial year while HKHS uses a calendar year in compilation of statistics.      

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Machine Learning Powers Detection of Contamination, Spoilage in Dairy, Meat

    Source: US State of Connecticut

    Dairy and meat are two common sources of foodborne illness in the U.S.

    Because of this, producers use methods to test food for bacterial contamination before making it available to the public. However, these methods are time-consuming, expensive, and require expert training to perform.

    Researchers in UConn’s College of Agriculture, Health and Natural Resources have developed new methods powered by machine learning to test for bacterial contamination and spoilage that radically reduce the cost and time required to perform them.

    This work is led by Yangchao Luo’s group, and Zhenlei Xiao. Luo and Xiao are both faculty members in the Department of Nutritional Sciences.

    Their method works by using a 96-well plate – a plate with many small areas to fill with samples – and an array of 12 sensors.

    The sensors react differently with different bacteria based on their molecular structure. These interactions produce unique patterns. By feeding these patterns into a machine learning algorithm, the researchers taught a computer to detect the pathogens based on the patterns.

    This new technology can detect eight different pathogenic and spoilage bacteria in milk in just two hours with more than 98% accuracy.

    “We hope to develop a technology that can detect simultaneously as many species as possible so that we can easily trace back the original source of contamination,” Luo says.

    The group tested five pathogenic bacteria including Listeria, E. coli, and Salmonella, which are three of the most common foodborne pathogens in the U.S. They also tested three non-pathogenic bacteria that cause spoilage. They published these findings in Food Chemistry.

    “With this combination, we are pretty sure that we covered most cases of milk contamination,” Luo says.

    This approach is a major improvement over existing methods which can only test for one kind of bacteria at a time, and the whole process takes days and requires trained laboratory technicians.

    The researchers used cutting-edge nanotechnologies with high sensitivity and machine learning to achieve these results.

    Because performing this test does not require any formal laboratory training, the researchers hope to eventually develop an at-home test using an app that consumers can use to check their milk for pathogens or spoilage.

    Luo’s group is currently developing an app that enables a smartphone to read the fluorescence data the sensors produce.

    The team is also working to make this process even simpler by eliminating the purification step that removes proteins from the milk sample that would interfere with the accuracy of the test.

    The research team is also developing a sensor to detect volatile organic compounds (VOCs), which are produced by bacteria that cause spoilage in meat.

    These sensors can detect VOCs to determine food’s freshness, specifically beef, and determine the presence of pathogenic bacteria.

    “Based on the VOCs we can detect a pattern that can translate into which type of bacteria these VOCs are coming from,” Luo says.

    This research was published in Food Frontiers.

    The technology works similarly to the bacterial sensors. When VOCs are released from meat, it produces a color change in the sensor that gives researchers information about what VOCs are being produced and by which bacteria. The group again developed machine learning models to read the data.

    The advantage of testing for VOCs rather than bacteria in raw meat is that with VOCs, the sensors do not need to be in direct contact with the bacteria, so you don’t need to take a sample out of the product to test it. While taking a sample from a batch of milk is relatively simple, taking it out of a cut of meat is less so.

    This technology could be incorporated directly into food packaging to create an easily readable measure of potential food spoilage or contamination based on color changes in the sensor.

    “VOCs are volatile – they’re just in the air,” Luo says. “So, you can detect VOCs without touching bacteria. It doesn’t require a sampling process that way. So, we can put a simple sensor on the packaging.”

    This work relates to CAHNR’s Strategic Vision area focused on Enhancing Health and Well-Being Locally, Nationally, and Globally.

    Follow UConn CAHNR on social media

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