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Category: housing

  • MIL-OSI United Kingdom: Building partnerships to protect the UK from cyber crime

    Source: United Kingdom – Government Statements

    Security Minister, Dan Jarvis, delivered a speech at the PREDICT 2024 Conference on 22 October.

    Delivered on:
    22 October 2024 (Transcript of the speech, exactly as it was delivered)

    Thank you and good morning.

    It’s a great privilege to be with you at PREDICT 2024 today taking place right in the very heart of London’s thriving knowledge quarter.

    I’d like at the outset to take this opportunity to thank Recorded Future for your hard work in bringing us together over these 2 days.

    Not least because I think that forums like these provide us with a crucial platform to connect, share ideas and to learn from one another.

    When our world feels increasingly less certain and increasingly more volatile, it is reassuring to know that last night, as with every night, many of you here today, made it safer.

    Across the UK, millions of phones charging next to our beds were patched whilst we were sleeping – better protecting our messages, our photos and our personal information, frankly, our entire lives these days from constantly mutating cyber threats.

    For ministers like me, there will be 2, maybe even 3, phones next to our beds, but add them to millions more devices and their networks that our world now relies on to function.

    The role that the global community of defenders plays in disrupting and defeating cyber-crime is more than just vital – it’s existential.

    So, I want to say this morning that this country, our country, is enormously in the debt of many of you in this room who strive, day in, day out to protect us all.

    Your work, your dedication and your accomplishments have never been more important.

    Yet, it may be the case, that they have never been more taken for granted, because most will only notice, could only ever notice, when things go wrong.

    Who knew what Synnovis were and the vital service they provide to the NHS until ransomware criminals struck?

    Outside of tech circles, who knew the name Crowdstrike before a wayward patch ground international aviation to a halt?

    How many of the millions of Australian or US citizens, who relied on their services, could have identified the logos of Colonial Pipeline or Medibank before they were attacked? So today, I want to focus on this unnoticed and often unappreciated reality.

    I want to talk about the need for constant vigilance in defending our digital world and how we can do so better and together.

    Now, as I’ve already touched upon, our international rules-based system is being severely tested and technological advances continue to evolve at pace.

    Advances in technology bring both risks and opportunities for us all.

    We have all moved our lives online. In this respect, the UK stands out from other countries in its digital development.

    Indeed, it was national news when the card machine stopped working across Greggs’ stores one morning in March this year. Alongside paying for sausage rolls with our smart watches, there are opportunities to harness technology’s vast potential in areas such as healthcare, education and, of course, security.

    But we must also address the evolving risks and maintain a posture of constant vigilance, including by keeping up with developments in artificial intelligence, which show unstoppable momentum.

    Emerging technologies are changing the nature of diplomacy, trade and competition, driving it online and thus onto our devices and into our pockets.

    The much bigger global IT outage in July demonstrated our near universal dependence on technology.

    For businesses, physical premises are interchangeable with digital platforms when it comes to delivering services and making money.

    Beyond AI, quantum technologies, future, telecoms, connected devices, robotics and drones are rapidly reshaping the landscape.

    Put simply, cyber security is national security.

    Therefore, cyber incidents such as ransomware attacks, network intrusions for cyber espionage or IP theft have significant and complex consequences.

    When organisations are targeted, there can be knock on effects on the UK’s economic resilience.

    Data is becoming an ever more valuable commodity. Last year, the UK saw over a million reported Computer Misuse Act offences, most of which sort out personal data.

    These crimes are estimated to cost the UK economy billions of pounds every year.

    When public services or critical national infrastructure are targeted, there are implications for our national security.

    Criminals exploit this and are early adopters of the latest technology.

    The UK, and the international response must keep pace, and where possible, develop a competitive edge to mitigate these risks.

    If misused, artificial intelligence and machine learning can intensify the impact and scale of cyber-crime.

    Criminals are offering exploitation kits and hacking as a service, making it systems and data compromise increasingly accessible network attack surfaces and opportunities to target third party suppliers are expanding exponentially.

    Unauthorised computer access can lead to a wide range of frauds, theft, extortion, and can also facilitate stalking, domestic abuse and harassment.

    These crimes cause significant harm to the UK, destroying businesses and ruining lives.

    That’s why the government is reviewing the threats that we face and addressing priority cyber threats like ransomware, which is the most acute cyber threat facing most UK organisations.

    It’s also why we are making progress on counter ransomware, and the UK continues to lead international efforts, including through the counter ransomware initiative and by sanctioning 36 cyber-criminal actors since 2021, including ransomware actors like Evil Corps, the clue is in the name, LockBit and Trickbot.

    This year, the UK’s National Crime Agency also led a global effort to disrupt LockBit, the world’s most prolific ransomware group.

    Now we are increasingly seeing the impactful effects of combining law enforcement efforts, disruptive operations and interventions like sanctions that de-anonymise, disrupt and deter cyber criminals through a whole government response.

    But there is much more that we need to do.

    We are considering all options available to us, including reviewing the Computer Misuse Act to strengthen our response to the threat.

    But it’s not only criminals who use cyber to target the UK.

    Our intelligence agencies and international partners work around the clock to expose and counter malicious activities that threaten our interests.

    As Mi5 Director General Ken McCallum set out earlier this month, autocratic states persist in their efforts to undermine UK security.

    States, including Russia and China, are investing in advanced cyber operations, and it is a national security priority to detect, disrupt and deter this activity.

    Russia is home to one of the most expansive and destructive cyber-criminal communities in the world, which targets global businesses with ransomware and other forms of cyber-attack for profit.

    The Kremlin deliberately turns a blind eye to the activities of many cyber criminals within its jurisdiction, choosing not to prosecute, as long as their crimes serve the regime’s interests.

    But the Russian state also has extensive cyber capabilities of its own.

    The National Cyber Security Centre (NCSC), has confirmed Russian attempts to target key sectors of the British economy, including the UK media, telecommunications, political and democratic institutions and energy infrastructure.

    We will not tolerate Russian cyber interference and will continue to work with our international allies to expose Russian cyber aggression and hold the Kremlin to account for its malign activity.

    Compared to Russia, China presents a more complex and significant long term cyber challenge, and there have been a number of high-profile China linked cyber-attacks over the past few years, varying in intensity and sophistication.

    We will continue to engage with China, and we want to see a constructive debate aimed at making cyberspace a safer place to do business for companies and consumers.

    That is why we regularly raise issues with China, and we will keep calling out all state and non-state actors for malicious activity when it is necessary to do so.

    For instance, the UK supported by global allies, publicly attributed and sanctioned Chinese state-affiliated actors responsible for malicious cyber campaigns targeting the UK democratic institutions.

    Working alongside our Five Eyes partners and others, the UK continues to strengthen our defences, safeguard our institutions and protect sensitive data from these ever-growing threats.

    NCSC, combining its cyber expertise with unique intelligence insights, remains decisive in ensuring that the UK stays ahead of these state sponsored threats.

    As this year is a year of elections around the world with around 4 billion people going to vote, and we know that malign actors target the freedoms and democratic processes which are integral to our way of life.

    Foreign states and domestic actors use disinformation and harmful material online in a bid to undermine our democratic institutions.

    The recent general election here in the UK was a prime opportunity for our adversaries to mount a major information attack on the UK in an attempt to affect the outcome.

    Government planned for such an incident, but fortunately, this did not happen.

    Although attempts at interference do not stop with electoral events, and we are alive to this ever present-threat to our democracy, especially the use of disinformation.

    Vigilance and effective cross government working is especially needed as AI technology threatens to exacerbate existing information threats, enabling harmful messages to spread at speed and scale, and making disinformation more difficult to spot.

    We are particularly concerned that a steady stream of disinformation and harmful material online can lead to a slow poisoning of our public discourse that attempts to divide our communities.

    We saw some of this play out during the summer with false information and inflammatory content spread rapidly online, contributing to violent disorder in some parts of our country.

    These are complex issues which many democracies face, and that’s why we are working with international allies to share learning and expertise and with social media companies to hold them accountable for keeping online users safe.

    The defending democracy Task Force is at the heart of much of this work. It is an enduring function that coordinates government’s response to these ever-present threats to our democracy.

    The first duty of any government is to protect the nation and in an ever-evolving world with new and complex threats, collaborative working across government, law enforcement, industry and civil society is absolutely fundamental to driving innovative approaches to the UK’s most pressing challenges.

    This can only be achieved if our work to keep our country safe and secure goes hand in hand with our plan to improve UK prosperity.

    Without national security, we cannot kick start economic growth, become a clean energy superpower, take back our streets, break down barriers to opportunity, or build an NHS fit for the future.

    Our work in National Security provides the foundation to enable these missions.

    Breaking down barriers to opportunity enhances the protective factors for those vulnerable to radicalisation, mis and disinformation, or serious and organised crime. We continuously seek to support and strengthen our national security machinery.

    The government is reviewing several policy areas, especially in light of the spending review. The perspectives of the private sector, will be pivotal in these decisions and discussions.

    Indeed, collaboration between the government, the private, and third sectors are key to addressing national security risks.

    By building an enduring and balanced partnership, we can work together to strengthen the UK’s response and resilience.

    The NCSC leads the industry 100 i 100 initiative which enables diverse minds to challenge thinking and tackle systemic vulnerabilities in cyber security.

    The cyber insurance industry is another key partner and is crucial in the cyber threat mitigation ecosystem, providing protection from cyber based risks such as ransomware and hacking.

    In May of this year, 3 major UK insurance bodies, the Association of British Insurers, the British Insurers Brokers Association and the International Underwriting Association, united with the NCSC to publish joint guidance. This guidance, aimed at 14 cyber-criminals’ profits by reducing the number of ransoms paid by UK ransomware victims, was a powerful show of collaborative government and industry working.

    Since then, and with continued partnership from the three insurance bodies, this guidance has since been internationalised through the Counter Ransomware Initiative, with 40 countries and 8 global insurance bodies signing up.

    The government will continue to work closely with industry researchers, academics and the wider public sector to collectively address risks to our national security.

    The work done across these sectors by organisations like Recorded Future, and those here in the room today, are vital to securing the UK’s National Security.

    To conclude, the threats that we face are evolving rapidly, but so too are the opportunities for innovation and collaboration.

    The challenge for all of us, whatever our sector or discipline, is to stay ahead of the threats whilst maximising the opportunities.

    That is why events like PREDICT 2024 are so important, and it is why we must tackle this critical mission together in a spirit of true partnership and collaboration.

    Thank you.

    Updates to this page

    Published 30 October 2024

    MIL OSI United Kingdom –

    January 25, 2025

  • MIL-OSI Russia: Two new fire stations built in TiNAO

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    In TiNAO, two modern fire stations with four parking spaces each have been built. They were built under the Safe City program, which is part of the Moscow City Targeted Investment Program. This was reported by Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “New fire brigade buildings have appeared in the village of Pervomayskoye in the Filimonkovsky District and the village of Nikulskoye in Shcherbinka. Their total area is 5.3 thousand square meters. The construction of the facilities is fully completed. Now the permitting documentation is being processed and the equipment is being installed. This year, a fire brigade building for two parking spaces was also erected in the village of Rassudovo in the Bekasovo District. Thus, in 2024, three fire brigade buildings for 10 parking spaces will appear in TiNAO,” said Vladimir Efimov.

    All the facilities were equipped with training towers with a climbing wall, sports grounds, and training fire hydrants. The builders also constructed gas boiler houses and material warehouses. Each housed rooms for fire-fighting equipment and its maintenance, a communications center, rest and dining rooms, classrooms, a gym, and a paramedic’s office with a treatment room. Convenient access roads were built to the special facilities.

    “In TiNAO today two more buildings for fire brigades are being built in the Kommunarka area – in the settlement of Voskresenskoye and the village of Kartmazovo. Their construction is planned to be completed in 2025,” added the head of the capital’s Department for the Development of New Territories

    Vladimir Zhidkin.

    On the instructions of Sergei Sobyanin, special attention in the capital is being paid to the quality of construction of infrastructure facilities that ensure the safety of the city and its residents.

    According to the Chairman of the Committee for State Construction Supervision of the City of Moscow (Mosgosstroynadzor) Anton Slobodchikova, the construction of two fire stations for eight parking spaces was supervised by the department’s inspectors. During the entire period, 20 on-site inspections were carried out, to which specialists from the subordinate Center for Expertise in Research and Testing in Construction were involved. The specialists carried out a set of laboratory and instrumental studies to assess the compliance of the quality of work and materials used with the requirements of the design documentation.

    New fire stations in TiNAO significantly increase the speed of response of special services to emergency situations. Today, the average time of arrival of crews to the fire site has been halved.

    A fire station will be built in the village of VoskresenskoyeA new fire and rescue team has started working in TiNAO

    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.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/145938073/

    MIL OSI Russia News –

    January 25, 2025

  • MIL-OSI Submissions: Universities – New genetic web tool to help restore climate-resilient marine ecosystems – Flinders

    Source: Flinders University  

    Australians love their coastal and marine environments but much of the world’s ecosystems are in various stages of decline and in urgent need of restoration.
    In the face of increased human pressures and climate change, a team of Australian scientists led by Dr Georgina Wood at Flinders University have launched a new online tool to assist marine managers and restoration experts to bolster the resilience of marine habitat-forming species. (ref. https://www.reefadapt.org/ )
    The ‘Reef Adapt’ initiative, developed by experts from the NSW Department of Primary Industries and Regional Development (NSW DPIRD), Flinders University and The University of Western Australia (UWA), aims to expand the tools available to promote diverse, adaptable and resilient ecosystems.
    Described in a new article in Communications Biology, Reef Adapt harnesses genetic data from diverse marine species – including key reef-building corals and habitat-forming kelps, but with scope to expand to other taxa – to map out areas likely to harbour populations adapted to current and future environmental conditions.
    The innovative web platform is designed for the rapid inclusion of genetic, biophysical and environmental data into planning of marine restoration and assisted conservation initiatives.
    The tool provides users with maps that identify areas with populations suited to their specific restoration sites under current and future climate scenarios. The platform will initially house data for 27 species collected from 420 sample locations across the globe. Users will also be able to upload their own data to the site, further supporting the conservation of other species and areas.
    While guidelines for terrestrial ecosystem restoration seed-sourcing exists, for example, the US National Seed Strategy and Australia’s Florabank, Reef Adapt is one of the first tool of its kind for marine environments.
    The project follows similar projects on land, such as Australia’s NSW Restore and Renew program, to remove barriers of access to genetic data and improve restoration and assisted gene flow.
    Dr Georgina Wood, an Australian Research Council Early Career Industry  Fellow with Flinders University and Adjunct Research Fellow at UWA, says global efforts to restore ecosystems are intensifying, including the Convention on Biological Diversity’s recent adoption of the Kunming-Montreal Global Biodiversity Framework which aims to put 30% of degraded ecosystems under effective restoration by 2030.
    “Alongside the increase in scale of marine restoration projects, there is a need ensure that restoration practices keep up with the latest available science, including the use of cutting-edge genomic information to make informed decisions about where to source restoration stock material,” says researcher Dr Wood.
    “Our world is changing now more rapidly than ever before. Ideally, every restoration project would incorporate climate adaptation into their design, but the data needed for this are typically difficult to access. Reef Adapt puts this information directly into the hands of both managers and practitioners,” she says.
    The easy-to-use web platform hosts vital genetic information for government, not-for-profit and community organisations – removing barriers of access to vital information that the team hopes will improve both immediate and long-term restoration outcomes.
    Dr Melinda Coleman, NSW DPIRD Senior Principal Research Scientist, says the Reef Adapt online webtool will help guide marine restoration and assisted adaptation programs now and into the future.
    “The revolutionary new Reef Adapt tool will use cutting-edge genomic data and seascape analyses to help marine managers, restoration practitioners and other stakeholders including aquaculture make informed decisions about where to source stock for restoration or aquaculture as well as help select climate proof stock that will withstand future ocean conditions,” explains says Dr Coleman.
    “We hope that this webtool will be used broadly across marine and conservation managers, community groups or anyone embarking on marine restoration as well as aquaculture proponents.”
    Dr Wood says the new Nature article and user manual give examples, with several case studies of ecologically and evolutionarily diverse taxa, including the staghorn coral (Acropora kentii), cauliflower coral (Pocillopora damicornis), golden kelp (Ecklonia radiata) and crayweed (Phyllospora comosa).
    Development of the tool required collection of almost 10,000 reference data points from published population genetic literature, as well as a suite of environmental data and oceanographic models.
    The article, ‘Reef Adapt: A tool to inform climate-smart marine restoration and management decisions’ (2024) by GV Wood (Flinders), KJ Griffin (UWA), M van der Mheen (UWA), MF Breed (Flinders), JM Edgeloe (UWA), C Grimaldi (UWA / Australian Institute of Marine Science, Perth), A Minne (UWA), I Popovic (University of Queensland), K Filbee-Dexter (UWA / Institute of Marine Research, Norway), MJH van Oppen (Australian Institute of Marine Science, Townsville / University of Melbourne), T Wernberg (UWA / Institute of Marine Research, Norway) and MA Coleman (UWA / NSW DPI, Fisheries) has been published in Communications Biology DOI: 10.1038/s42003-024-06970-4 (link to come).
    Dr Georgina (‘George’) Wood will present on the use of digital tools to progress marine restoration at the 10th Western Society of Naturalists’ annual meeting in Oregon, US next month.  Dr Wood and Dr Coleman also presented on Reef Adapt at the Adapt NSW 2024 conference in Sydney this week.
    Acknowledgements: The researchers received support from an ARC Linkage grant and ARC Industry Fellowship to GV Wood, the NSW Marine Estate Management Strategy and NSW DPIRD, as well as the Norwegian Research Council GecoKelp Project.

    MIL OSI – Submitted News –

    January 25, 2025

  • MIL-OSI: LaunchDarkly Launches Dedicated EU Region to Support EU Data Residency and Compliance Needs

    Source: GlobeNewswire (MIL-OSI)

    OAKLAND, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) — LaunchDarkly, the platform for high-velocity engineering teams to release, monitor, and optimize great software, today announced the launch of its dedicated EU region. This strategic expansion of the LaunchDarkly platform addresses the critical data residency needs of European organizations by securely storing critical data within the European Union.

    The launch of the EU region follows LaunchDarkly’s recent participation in the EU-US Data Privacy Framework, reinforcing the company’s commitment to upholding the highest standards of data privacy and security. As organizations across Europe grapple with increasing regulatory pressures, the dedicated EU region provides a vital solution, allowing businesses to focus on innovation while managing residency and compliance needs.

    “Europe is home to some of the most exciting software innovation, so it’s no surprise that we are seeing a surge in demand for feature management, AI application oversight, and experimentation,” said Dan Rogers, CEO of LaunchDarkly. “Our new EU region responds directly to these needs, addressing crucial data residency concerns while empowering engineering teams to push boundaries with confidence.”

    Key Features of the LaunchDarkly EU Region:

    • EU Data Residency: All end-user data will be stored within the EU, giving organizations greater control and security over their sensitive information.
    • Regulatory Compliance: Keeping data in the EU can address specific regulatory challenges that certain EU industries face.
    • Security and Privacy Assurance: The LaunchDarkly EU region is backed by rigorous security protocols, including certifications like SOC 2 Type II and ISO 27001, ensuring the highest levels of data protection.

    The LaunchDarkly EU region, based in Frankfurt, Germany, is designed for optimal performance, reducing latency for EU-based traffic while ensuring robust disaster recovery processes, and will include a secondary AWS EU region in Paris for backups. This infrastructure not only supports compliance but also empowers organizations to innovate, without some of the burdens of regulatory or compliance uncertainty. This is particularly important for highly-regulated industries like financial services, energy, and healthcare.

    “Data residency has long been a significant hurdle for us when it comes to scaling beyond our homegrown solutions,” said Julien Femia, Director of Engineering at Alan. “We’re excited to partner with LaunchDarkly, as their new EU region allows us to confidently embrace feature management while adhering to our data compliance needs. This marks a key step forward in accelerating our product development and delivering even more innovative healthcare solutions to our users.”

    As data residency becomes an increasingly pressing concern for European organizations, the LaunchDarkly EU region represents a pivotal step in simplifying compliance and fostering trust in cloud operations. LaunchDarkly encourages EMEA sales representatives to proactively engage with prospects and existing clients to share this crucial development and its implications for their data residency and compliance strategies.

    For more information about the LaunchDarkly EU region, visit here.

    About LaunchDarkly

    LaunchDarkly is the leading release management platform that empowers engineering teams to deliver better software, faster and with less risk. With a comprehensive suite of capabilities, the LaunchDarkly platform facilitates real-time experimentation, AI-driven solutions, and progressive delivery, ensuring new features are rolled out smoothly and efficiently. Serving over 5,500 of the world’s most innovative enterprises, including a quarter of the Fortune 500, LaunchDarkly is trusted around the globe to deliver software with speed and safety, enhancing customer experiences across industry verticals. For more information, visit www.launchdarkly.com.

    The MIL Network –

    January 25, 2025

  • MIL-OSI: Four in Five Recent Home Buyers May Look to Refinance in the Next 12 Months to Help Alleviate Strain on Personal Finances

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 30, 2024 (GLOBE NEWSWIRE) — A new TransUnion (NYSE: TRU) survey found that many consumers feel their existing auto and new mortgage payments are putting a strain on their household finances, and the prospect of falling interest rates has them ready to consider refinancing those loans.

    The surveys of current auto loan customers and those consumers who have taken out a mortgage in the last 24 months were conducted between September 18 and September 27, 2024. They resulted in responses from 1,002 and 1,025 auto and mortgage loan customers, respectively.

    “We surveyed this specific group of recent borrowers to better understand the drivers of refinance for both mortgages and auto loans,” said Jason Laky, executive vice president and head of financial services at TransUnion. “Millions of people financed homes and autos during this period of high interest rates, and many will look to refinance as interest rates decline.”

    TransUnion’s survey found four in five recent home buyers say their mortgage payments are straining their finances and are looking to refinance their mortgage payments in the next 12 months.

    Many Recent Home Buyers Say Their Current Mortgage Payment is a Strain on Their Personal Finances

    Opinions/Generation All Consumers Gen Z Millennials Gen X Baby Boomers
    Strongly Agree or Agree 80.1% 79.7% 88.7% 75.3% 54.9%
    Neither Agree nor Disagree 8.0% 10.6% 4.6% 9.8% 12.1%
    Disagree or Strongly Disagree 11.9% 9.7% 6.7% 14.9% 33.0%


    Percent of Recent Home Buyers Who Anticipate Refinancing Their Mortgage     in the Next Twelve Months if Rates Fall

    Opinions/Generation All Consumers Gen Z Millennials Gen X Baby Boomers
    Very Likely or
    Likely    		 80.0% 77.0% 89.6% 78.5% 46.2%
    Neither Likely nor Unlikely 7.1% 10.2% 4.2% 7.3% 13.2%
    Unlikely or Very Unlikely 12.9% 12.8% 6.2% 14.2% 40.6%

    Source: TransUnion U.S. consumer survey

    When asked the biggest factor that would ultimately drive them to pull the trigger on a refinancing decision, 70% of these recent home buyers said that a more favorable loan term would be a key driver for them. However, a nearly identical percentage said that better interest rates (67%) and a cash-out refinance (61%) would also be significant drivers, reflecting broad economic interest.

    “For many of these recent home buyers, their mortgage payment is their largest single payment each month,” said Satyan Merchant, senior vice president and mortgage and auto business leader for TransUnion. “The upside is that it is a payment that can be refinanced if the economic climate allows for it, and as interest rates begin to fall, this group of consumers should begin exploring this option. Conversely, lenders should be actively marketing to these refinance candidates, regardless of what their primary motivation to refinance may be.”

    Similar Consumer Sentiments Found When Asked About Auto Loans

    The survey also examined consumer sentiment towards their existing auto loans, payments and interest rates along with future plans regarding refinancing. Results indicated that there was a similar eagerness to refinance when interest rates eventually fall, and a similar response among consumers when asked if they feel that their current auto loan payments represent a strain on their household finances.

    When asked the extent to which they agree that their current auto loan payment represented a strain on their personal finances, 65% of respondents indicated that they agree or strongly agree with this statement as opposed to 20% who disagree or strongly disagree. Nearly the same percentage of respondents, 63%, indicated that they were likely or very likely to refinance their existing auto loans if it could save them money on their monthly payments. 52% of respondents indicated they would consider refinancing if it would save them between $50 and $149 monthly.

    The research also explored the sentiment of consumers who have already refinanced despite the relatively high interest rates. Many of these borrowers derived lower payments through longer terms.

    From this standpoint, TransUnion data shows that credit unions continue to lead the way with 67% of the refinance share in 2023. Banks had the second largest share, at 20%. These figures have remained relatively stable in recent years and underscore consumers’ favorable perception of credit unions when they begin exploring refinancing opportunities.

    “Credit unions may be able to offer their members rates and service that larger more traditional banks cannot,” said Sean Flynn, senior director of community financial institutions at TransUnion. “Credit unions should lean into this fact and leverage available tools such as trended data and advanced analytics to seek out those consumers who may be able to refinance.”

    To learn more about how TruIQ™ by TransUnion helps lenders make better, data-driven decisions faster with advanced analytics consulting services and enabling technologies, click here. To learn how TruVision™ allows lenders to use trended data to more precisely balance risk and opportunity with risk management products that identify and manage best-fit customers across the account lifecycle, click here.

    To learn more about the analysis above, click here.

    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 david.blumberg@transunion.com
       
    Telephone 312-972-6646

    The MIL Network –

    January 25, 2025

  • MIL-OSI China: Behind the craze for creative cultural products

    Source: China State Council Information Office 3

    After a nine-day tour in north China’s Shanxi Province, one man is determined to “bring home” the grand pagodas and exquisite sculptures that took his breath away.

    “I have spent more than 1,000 yuan (140 U.S. dollars), which is about a tenth of my holiday budget, on souvenirs!” said the 30-year-old visitor surnamed Ma.

    Shanxi is renowned for its ancient architecture and is home to over 28,000 ancient structures. Its popularity has been boosted recently by the phenomenal video game “Black Myth: Wukong,” which is based on the Chinese classic novel “Journey to the West.”

    “I was fascinated by the ancient architecture, and the fridge magnets were equally amazing,” Ma said. “Each city has its unique creative cultural products. They are like miniatures of the attractions. For me, buying these keepsakes is like preserving the beauty of this trip forever.”

    Shanxi Province launched “Following Wukong to visit Shanxi” this summer, an activity that encourages tourists to “check in” at the filming locations of the video game. It is due to end on Thursday.

    Shortly after the launch, a Monkey King creative product shop opened on the business street in the heart of Taiyuan. It has since been packed with enthusiastic customers vying for products like fridge magnets, notebooks and playing cards.

    Yang Liu, with the shop, told Xinhua that their intention of opening the shop was to take a chance and promote the culture and tourism of the province. Since September 27, their sales have reached 200,000 yuan.

    Shanxi is not alone. Across China, various cultural and creative products are now sought-after mementos or gifts for friends, with their images going viral on social media: necklaces that draw inspiration from traditional brush painting in the Palace Museum; wooden combs in the shape of traditional Chinese musical instruments; vanity mirrors bearing patterns resembling the one on display in the Luoyang Museum of central China; keyboards with the colors of the famous Dunhuang murals and the nine-colored deer image…

    According to a report by Zhiyan Consulting, the market size of China’s cultural and creative products reached 16.38 billion U.S. dollars in 2023, a year-on-year increase of 13.09 percent. In 2020, the sector’s market size accounted for 10.67 percent of the global total, and by 2023 it had risen to 11.56 percent.

    One fridge magnet capturing the elaborate details of a superbly delicate empress crown from ancient China, a treasured piece from the National Museum of China (NMC), has emerged as an internet sensation and sparked a buying spree.

    Aspiring collectors even start queuing from 6 a.m. outside the museum for their chance to snag the memento. Many exchange tips on how to obtain the popular magnet on social media.

    In just three months since its launch, nearly 80,000 magnets have been sold, boosting sales of the entire series of empress crown memorabilia including key chains, furry toys and popsicles, with a total revenue exceeding 10 million yuan, even when facing production capacity constraints. The current daily production capacity for magnets has reached 3,000 units, with potential for further increase to meet growing market demand.

    Liao Fei with the management and development department of NMC disclosed that the design was inspired by social media, where they saw a lot of visitors posting photos of the empress crown.

    Head of a seven-member team, he said: “We always watch the exhibitions and search on social media to see what tourists like.”

    They are also constantly improving the products. Liao found that while there were tips on social media on how to obtain such a fridge magnet, few talked about its unique features. So they decided to make it more innovative.

    On September 27, an AR fridge magnet featuring the empress crown was released, which could be “worn” by the buyer on a mobile phone screen after a scan of the QR code. More than 2,300 such magnets were sold within two hours after its release.

    “In recent years, there has been a boom in the number of such creative products that are of use in various aspects of people’s life,” said Song Yanli, a saleswoman at the official gift shop of the Dunhuang Museum in northwest China’s Gansu Province.

    Noting that buyers today are knowledgeable enough to discern all the cultural elements adopted in the design, the 32-year-old said that they must develop more products to keep pace with public demand.

    “With the improvement of people’s living standard, the consuming behavior of youngsters is changing,” said Mao Jinhuang, a professor with the School of Economics at Lanzhou University. “They are no longer satisfied with simple material consumption but pay more attention to the purchase experience.”

    He believed that while the creative cultural products could offer emotional value to the customers, the craze for them also reflected young people’s love for and interest in Chinese traditional culture.

    According to China’s National Bureau of Statistics, the added value of cultural and related industries in 2022 stood at 5.38 trillion yuan, more than 15 fold of that in 2004, with the share of that in GDP increasing from 2.13 percent to 4.46 percent in the 18 years.

    Bu Xiting, associate researcher with the School of Cultural Industries Management at the Communication University of China, noticed that creative cultural products are becoming a new growth point of tourism consumption. “They have increased the income at tourist attractions, propelled the development of relevant industries and become a driving force to promote local economic growth.

    In the first half of this year, China’s domestic tourist trips reached 2.72 billion, with total tourism expenditure amounting to 2.7 trillion yuan, marking year-on-year increases of 14.3 percent and 19 percent, respectively.

    “With the deepened integration of creative cultural products and the tourism industry, it is expected that such products could play a more important role in boosting the high-quality development of the industry in the future,” Bu said.

    MIL OSI China News –

    January 25, 2025

  • MIL-OSI USA: Gross Domestic Product, Third Quarter 2024 (Advance Estimate)

    Source: US Bureau of Economic Analysis

    Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024 (table 1), according to the “advance” estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.0 percent.

    The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to “Source Data for the Advance Estimate” on page 2). The “second” estimate for the third quarter, based on more complete source data, will be released on November 27, 2024.

    The increase in real GDP primarily reflected increases in consumer spending, exports, and federal government spending (table 2). Imports, which are a subtraction in the calculation of GDP, increased.

    The increase in consumer spending reflected increases in both goods and services. Within goods, the leading contributors were other nondurable goods (led by prescription drugs) and motor vehicles and parts. Within services, the leading contributors were health care (led by outpatient services) as well as food services and accommodations. The increase in exports primarily reflected an increase in goods (led by capital goods, excluding automotive). The increase in federal government spending was led by defense spending. The increase in imports primarily reflected an increase in goods (led by capital goods, excluding automotive).

    Compared to the second quarter, the deceleration in real GDP in the third quarter primarily reflected a downturn in private inventory investment and a larger decrease in residential fixed investment. These movements were partly offset by accelerations in exports, consumer spending, and federal government spending. Imports accelerated.

    Current‑dollar GDP increased 4.7 percent at an annual rate, or $333.2 billion, in the third quarter to a level of $29.35 trillion. In the second quarter, GDP increased 5.6 percent, or $392.6 billion (tables 1 and 3).

    The price index for gross domestic purchases increased 1.8 percent in the third quarter, compared with an increase of 2.4 percent in the second quarter (table 4). The personal consumption expenditures (PCE) price index increased 1.5 percent, compared with an increase of 2.5 percent. Excluding food and energy prices, the PCE price index increased 2.2 percent, compared with an increase of 2.8 percent.

    Personal Income

    Current-dollar personal income increased $221.3 billion in the third quarter, compared with an increase of $315.7 billion in the second quarter. The increase primarily reflected an increase in compensation (table 8).

    Disposable personal income increased $166.0 billion, or 3.1 percent, in the third quarter, compared with an increase of $260.4 billion, or 5.0 percent, in the second quarter. Real disposable personal income increased 1.6 percent, compared with an increase of 2.4 percent.

    Personal saving was $1.04 trillion in the third quarter, compared with $1.13 trillion in the second quarter. The personal saving rate—personal saving as a percentage of disposable personal income—was 4.8 percent in the third quarter, compared with 5.2 percent in the second quarter.

    Source Data for the Advance Estimate

    The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency. Information on the source data and key assumptions used in the advance estimate is provided in a Technical Note and a detailed “Key Source Data and Assumptions” file posted with the release. The “second” estimate for the third quarter, based on more complete data, will be released on November 27, 2024. For information on updates to GDP, refer to the “Additional Information” section that follows.

    *          *          *

    Next release, November 27, 2024, at 8:30 a.m. EST
    Gross Domestic Product (Second Estimate)
    Corporate Profits (Preliminary Estimate)
    Third Quarter 2024

    *          *          *

    Release Dates in 2025
    Estimate  2024 Q4 and
    Year 2024    		 2025 Q1 2025 Q2 2025 Q3
    Gross Domestic Product        
    Advance Estimate January 30, 2025 April 30, 2025 July 30, 2025 October 30, 2025
    Second Estimate February 27, 2025 May 29, 2025 August 28, 2025 November 26, 2025
    Third Estimate March 27, 2025 June 26, 2025 September 25, 2025 December 19, 2025
             
    Gross Domestic Product by Industry March 27, 2025 June 26, 2025 September 25, 2025 December 19, 2025
             
    Corporate Profits        
    Preliminary Estimate — May 29, 2025 August 28, 2025 November 26, 2025
    Revised Estimate March 27, 2025 June 26, 2025 September 25, 2025 December 19, 2025

    MIL OSI USA News –

    January 25, 2025

  • MIL-OSI Global: Abortion and marijuana ballot measures may bring out Florida Democrats, but the GOP has 1M more active voters in the Sunshine State

    Source: The Conversation – USA – By Daniel A. Smith, Professor of Political Science, University of Florida

    Could ballot initiatives bring more Democrats to the polls in Florida? Jeffrey Greenberg/Universal Images Group via Getty Images

    The number of voters registered as Democrats has tumbled in recent years in Florida, effectively removing the Sunshine State as a battleground and placing it firmly in the red column.

    At least that’s the dominant narrative found in many media outlets. And it is true that Republican Donald Trump won the state in both 2016 and 2020.

    Still, Nikki Fried, the Florida Democratic party chair, thinks Florida Democrats are making a “clear resurgence.”

    Buoyed by broad support for two statewide initiatives on the ballot – the legalization of recreational marijuana and the establishment of a constitutional right to abortion up to viability – Fried is predicting robust turnout of Democratic voters this November despite concerns hurricanes Helene and Milton may suppress turnout.

    Fried suggests that Democratic presidential nominee Vice President Kamala Harris and Democratic U.S. Senate nominee Debbie Mucarsel-Powell will benefit from the two hot issues on the ballot. A ban on most abortions after six weeks went into effect in Florida on May 1, 2024, with the state Supreme Court at the same time deciding to put the issue to voters.

    The marijuana ballot measure looks likely to pass, while support for the abortion access measure is more uncertain. But the point is that these are the types of issues that bring Democrats – and unaffiliated voters – out to the polls.

    I’ve written extensively on direct democracy and Florida politics. My research shows how ballot measures can have what I call “educative effects,” not only bolstering turnout but also priming voters to choose candidates who support the same initiatives they do.

    This goes a long way to explain Republican Gov. Ron DeSantis’ efforts to thwart both measures, going so far as to use taxpayers’ dollars to oppose the abortion amendment.

    Florida’s abortion amendment needs to pass with 60% of the vote, so turnout is key.
    Rebecca Blackwell/AP Photo

    Active voters

    But Fried and the Democrats face a major hurdle – a widening voter registration gap – as Florida Republicans are quick to point out. Over the past several years, the GOP steadily narrowed the Democratic Party’s lead in voter registrations in the Sunshine State, finally surpassing Democrats’ plurality of active registered voters in 2021.

    Fried thinks the widening gap between registered Republicans and Democrats is a mirage. She claims that the Republican advantage is an artifact of a shift in state law that more aggressively reclassifies voters as being “inactive” if they don’t vote in two general election cycles or keep their information on file with local supervisors of elections.

    There is no question that the law, which went into effect in 2022, has deflated Democratic registration numbers. Here are the stats.

    According to the Florida secretary of state’s website, updated on Oct. 7, 2024, there are more than 1 million more registered Republicans (5,455,480) than Democrats (4,400,561) in Florida, followed by no party affiliation (3,584,982) and those registered with minor parties (404,890). That is, Republicans appear to account for more than 39% of registered voters in the Sunshine State, while Democrats make up less than 32%.

    However, the numbers posted on Florida’s official website, which amount to nearly 13.7 million registered voters, are misleading: They tally only active voters in the state.

    There are more than 2.5 million inactive voters on the rolls as of Aug. 1, 2024, according to my calculation of publicly available raw voter files. This brings the total number of registered voters in Florida to more than 16 million people.

    Inactive and unaffiliated voters

    Inactive registered voters have every right to cast ballots just like active voters. The main difference between the two groups is that inactive voters didn’t vote in 2020 or 2022.

    There are hundreds of thousands more inactive Democrats and unaffiliated voters than Republicans on the rolls. This is likely the result of lackluster campaigns in the state for Democratic presidential candidate Joe Biden in 2020 and for Democratic gubernatorial candidate Charlie Crist in 2022. Uninspired Democrats and unaffiliated voters didn’t show up to the polls, particularly in 2022.

    Currently, according to the publicly available Florida voter rolls, there are over 900,000 inactive Democrats and over 921,000 inactive unaffiliated voters, compared with fewer than 643,000 inactive Republicans. So, while Republicans account for 39% of active voters, they account for only 25% of inactive voters.

    To sharpen the point: 1 in 10 Republicans are currently inactive, whereas nearly 2 in 5 of all registered Democrats and more than 1 in 5 unaffiliated voters in Florida are inactive. These inactive voters tend not to receive the same attention from parties and groups trying to mobilize registered voters to the polls.

    There’s no question that the fortunes of the Florida Democratic Party have tumbled over the past decade. Twelve years ago, just prior to the 2012 general election, Democrats accounted for 40% of all active registered voters. It’s been a sharp decline down to 32%.

    But the difference has not been made up by Republicans. From 2012 to 2024, the share of active voters registered as Republicans increased by only 3 percentage points, from 36% to 39%.

    The biggest increase in the share of active voters over the same period is with unaffiliated voters, whose share jumped 5 percentage points, from less than 21% in 2012 to 26% in 2024. These unaffiliated voters in Florida tend to be younger and Hispanic, many of whom likely have been turned off by the toxic political landscape in the state.

    But back to the November election and Fried’s prognostications.

    Will the two statewide ballot measures – Amendment 3 on recreational marijuana and Amendment 4 on reproductive rights – offset the rise in Republican voter registration in Florida? Is the sizable lead of Republican active voters a mirage, only to disappear as Election Day nears?

    It will come down to turnout and whether inactive Democratic and unaffiliated voters’ support for Amendment 3 and Amendment 4 primes them to back the Democratic ticket.

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

    – ref. Abortion and marijuana ballot measures may bring out Florida Democrats, but the GOP has 1M more active voters in the Sunshine State – https://theconversation.com/abortion-and-marijuana-ballot-measures-may-bring-out-florida-democrats-but-the-gop-has-1m-more-active-voters-in-the-sunshine-state-239538

    MIL OSI – Global Reports –

    January 25, 2025

  • MIL-OSI Video: Department of State Daily Press Briefing – October 30, 2024 – 1:15 PM

    Source: United States of America – Department of State (video statements)

    Spokesperson Matthew Miller leads the Department Press Briefing, at the Department of State, on October 30, 2024

    ———-
    Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.

    The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.

    Get updates from the U.S. Department of State at www.state.gov and on social media!
    Facebook: https://www.facebook.com/statedept
    Twitter: https://twitter.com/StateDept
    Instagram: https://www.instagram.com/statedept
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    Subscribe to the State Department Blog: https://www.state.gov/blogs
    Watch on-demand State Department videos: https://video.state.gov/
    Subscribe to The Week at State e-newsletter: http://ow.ly/diiN30ro7Cw

    State Department website: https://www.state.gov/
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    White House website: https://www.whitehouse.gov/
    Terms of Use: https://state.gov/tou

    #StateDepartment #DepartmentofState #Diplomacy

    https://www.youtube.com/watch?v=GGF6n5qft9o

    MIL OSI Video –

    January 25, 2025

  • MIL-OSI United Kingdom: Developers sought for next phase of house building at Ashton Green

    Source: City of Leicester

    DEVELOPERS are being sought to deliver the next wave of homes on a major new housing development on the edge of Leicester.

    Up to 3,000 new homes are set to built at Ashton Green, near Beaumont Leys, as part of an ambitious housing-led mixed use development scheme led by Leicester City Council.

    Now the city council is inviting developers and housebuilders to bid for the next phases of residential development, which would see up to 525 new homes built on 55-acres of allocated land.

    This will represent the fourth phase of housing development at Ashton Green.

    The first phase saw 100 new houses built by Morris Homes in 2020. A second phase is now under construction, with 130 of the 307 new houses to be built by Tilia Homes now complete and occupied.

    A third phase of house building is expected to get underway next year and would see 440 new dwellings built by Morris Homes.

    It is likely the successful bidder for the fourth phase of residential development will being construction work by late 2026.

    City Mayor Peter Soulsby said: “Ashton Green is an essential part of the city’s commitment to meeting the growing and urgent need for new homes in Leicester over the next ten to fifteen years, and it will make huge contribution to local economic growth.

    “This is an extremely ambitious and complex project and I proud that we are now ready to enter a next phase of development, which will see more than 500 additional new homes built. This would help bring the total number of new homes built or in the process of being built at Ashton Green close to 1,400.”

    Leicester City Council is the principal landowner and promoter of the Ashton Green development, which is a mixed-use urban extension on a 320-acre greenfield site to the north of Leicester. Around 13-acres of land allocated for the Ashton Green development is owned by Diocese of Leicester.

    The major sustainable urban development scheme aims to create a community of up to 3,000 much-needed new homes, along with community and health facilities, employment land and retail.

    Up to 30 per cent of the new homes to be built at Ashton Green will be affordable homes for rent and for shared ownership.

    Interested parties can find out more about the tender process at www.visitleicester.info/invest/sites-properties/ashton-green

    The closing date for submission of bids to tender is Friday 13 December 2024.

    MIL OSI United Kingdom –

    January 25, 2025

  • MIL-OSI Security: Man jailed for 22 years after detectives linked him to violent robbery in Barnet

    Source: United Kingdom London Metropolitan Police

    A man has been sentenced to life imprisonment after a homicide investigation identified him as one of a gang of people who carried out a violent robbery in Barnet.

    During a trial at the Old Bailey, a jury heard the group all travelled to 30-year-old Olsi Kuka’s home address in High Road, N20, shortly before 03:00hrs on 11 May 2022.

    They were split into two Mercedes cars that parked outside before the group forced entry into the flat and attacked Olsi, stabbing him numerous times.

    They then ransacked his flat, searching for drugs and money they believed Olsi had in his property.

    After the men left the flat, police and paramedics were called. Despite the efforts of emergency services, Olsi sadly died a short time later.

    A post-mortem examination concluded that the stab wounds had been caused by ‘at least’ two different knives. There were also four metal ball-bearings found in his scalp consistent with being shot by an air weapon.

    A murder investigation, led by homicide detectives from the Met’s Specialist Crime Command, used CCTV and mobile phone analysis to identify the five men involved in the attack.

    Detectives discovered that one of the cars had travelled to the address four days before on a reconnaissance trip.

    A police search dog also helped provide vital evidence to secure the conviction of a man for murder.

    Dog handler PC Neil Dobson and a police dog called Monty searched managed to find £8,000 in cash hidden in the headboard of a bed that had not been found by the group.

    Following a trial at the Old Bailey, Reuben Bernard, 19, (22.03.05) of Wootton, Northampton, was convicted of murder.

    On Tuesday, 29 October, Bernard was sentenced to life imprisonment, to serve 22 years. He was also sentenced to seven years for conspiracy to rob and three years for causing grievous bodily harm; these sentences will be served concurrently.

    Detective Chief Inspector Neil Rawlinson said: “The violence used in this attack was calculated, vicious and unrelenting.

    “The five men that have been sentenced had planned to rob Olsi and were prepared to use any force necessary in order to get what they wanted.

    “We continue to pursue lines of enquiry that may provide evidence as to the involvement of other people in this atrocious act of violence.”

    Four other men have been sentenced for their involvement. They are:

    Santana Thompson, 21 (04.02.03), of Aldriche Way was sentenced to 10 years in prison for Olsi’s manslaughter, 10 years for conspiracy to rob and one year for Section 20 wounding.

    Daige Ramsey, 25 (30.11.98) of Winchester Road, E4 was convicted of the manslaughter of Olsi Kuka and jailed for 11 years. He was also sentenced to 10 years for conspiracy to rob and 12 months for section 20 wounding.

    Ozan Seran 29 (05.06.95), of no fixed address pleaded guilty to manslaughter and was sentenced to 12-and-a-half years’ imprisonment. He was also sentenced to 11-and-a-half years for conspiracy to rob and nine months for section 20 wounding.

    Bulent Bakir, 27 (05.01.97) of Old Road, Enfield, was convicted of conspiracy to rob and sentenced to six years.

    MIL Security OSI –

    January 25, 2025

  • MIL-OSI China: Direct all-cargo air route links China’s Hubei, Hong Kong

    Source: China State Council Information Office

    A direct all-cargo air route between Hubei Province in central China and Hong Kong Special Administrative Region was launched on Wednesday, according to SF Airlines.

    On Wednesday morning, a Boeing 737-400 freighter took off from the Ezhou Huahu International Airport in Hubei, China’s first cargo-focused airport. It is also the airport’s first all-cargo route to Hong Kong, said the cargo airline.

    Three round-trip flights are scheduled to shuttle on this route every week, providing about 100 tonnes of air transport capacity weekly.

    This direct air route will provide air express capacity to this year’s Double Eleven online shopping festival, also known as the Singles’ Day shopping festival and a Chinese version of Black Friday.

    It will help facilitate transportation of e-commerce express and enhance consumption experience for customers, said SF Airlines.

    Headquartered in Shenzhen, SF Airlines is China’s largest air cargo carrier in fleet size. To date, it has cultivated an international route network from Ezhou Huahu International Airport to totalling more than 60 destinations at home and abroad, said the cargo carrier.

    MIL OSI China News –

    January 25, 2025

  • MIL-OSI China: Collapse of gold mine in Afghanistan leaves 3 dead

    Source: China State Council Information Office

    At least three miners were killed following the collapse of a gold mine in northern Afghanistan’s Badakhshan province, the provincial police office has said.

    The accident occurred in the mountainous area of the province’s Arghanchkhwa district. The bodies of the victims were recovered by local residents and a rescue team.

    Badakhshan is a remote and mountainous province of Afghanistan, home to numerous untouched mines, especially gold and lapis lazuli mines, some of which are extracted with no modern facilities or equipment. 

    MIL OSI China News –

    January 25, 2025

  • MIL-OSI China: US candidates neck-and-neck a week before elections

    Source: China State Council Information Office

    The race for the White House is neck and neck just a week before Americans cast their ballots for the next president.

    Republican candidate Donald Trump leads Democratic candidate Kamala Harris by an average of 0.4 percentage points in national polls as of Tuesday, according to the U.S. election information website Real Clear Politics.

    Trump leads by just a hair in many swing states, including Georgia, Arizona, Pennsylvania, Wisconsin and North Carolina, while Harris leads by half a point in Michigan.

    The swing states are likely to determine the election outcome, and both candidates have been actively campaigning there, attending rallies to present their case to voters.

    “The presidential race remains tight, but Harris has been outspending Trump by a 2 or 3 to 1 margin in advertising,” Brookings Institution Senior Fellow Darrell West told Xinhua.

    Inflation and the economy are among the main issues. While President Joe Biden and Vice President Harris have overseen an economy with low unemployment, many voters are outraged over the high prices that have taken hold during the current administration.

    Besides, Trump’s campaign has been accusing the Biden-Harris administration of leading to a major increase in crime in urban areas.

    Stores are now locking up their merchandise, as shoplifters brazenly fill up garbage bags full of goods and simply walk out of the store without paying. Drug addicts shoot up heroin and other hard drugs in broad daylight in many cities. They harass and physically assault passersby, and urinate and defecate on sidewalks in downtown areas.

    At the same time, Trump has ruffled several feathers, as he is known to do, with what critics call incendiary rhetoric.

    Critics also blasted Trump for his plan to launch the mass deportation operation of millions of immigrants who illegally poured over the border since the current administration took office. Trump’s critics fear this could lead to problems including breaking up families and giving law enforcement too much power.

    It remains unknown what undecided voters will do.

    “Many undecided voters will not vote at all,” Clay Ramsay, a researcher at the Center for International and Security Studies at the University of Maryland, told Xinhua, adding that the people who are unlikely to vote, based on past elections, accounts for a large percentage of adults. 

    MIL OSI China News –

    January 25, 2025

  • MIL-OSI China: Russia says U.S. actions against Russian reporters violate freedom of information

    Source: China State Council Information Office

    Washington’s recent actions against Russian journalists violate the right to access information and media pluralism, Russian Foreign Ministry spokesperson Maria Zakharova said Wednesday.

    A film crew from Russia’s Izvestia newspaper, who arrived in Washington to cover the upcoming presidential election, was detained and subjected to hours of interrogation on Tuesday night, resulting in one member being expelled from the country, the Foreign Ministry said in a statement.

    Zakharova noted that the Russian journalists had notified U.S. authorities of their intentions and received permission before their arrival, adding that this reflects the United States’ readiness to use repressive measures against inconvenient information.

    “The arbitrariness of the American authorities will not remain without a proper reaction on our part,” Zakharova said. 

    MIL OSI China News –

    January 25, 2025

  • MIL-OSI Security: Defense News: Strengthening Alliances Through Learning, NPS Hosts European International Alumni Symposium

    Source: United States Navy

    The symposium, sponsored in part by the Department of State as part of the U.S. International Military Education Training (IMET) program, is in direct support of the Secretary of the Navy Carlos Del Toro’s strategic priorities to strengthen international alliances for collective defense. It also supports the “Enhance Partnerships” objective in the Naval Education Strategy by offering opportunities to learn alongside our allies and partners, which is a key component to succeeding in deterring conflict and the strategic power competition.

    “In so many ways, [educational institutions] are the engines of what happens in the future,” said Adm. Stuart Munsch, commander of U.S. Naval Forces Europe-Africa and commander of Allied Joint Force Command Naples, during his welcoming remarks. “They not only equip individuals with the skill sets to think about particular knowledge areas but, more broadly, to think critically and strategically. These institutions are what provide this foundation for our future, and the Naval Postgraduate School is among them.”

    Building on the Indo-Pacific NPS Alumni Symposium held last year, the European symposium agenda spanned a full three days, packed with plenary sessions, panels, and keynote addresses, which included discussions ranging from energy security and space systems to contested logistics and climate change. NPS faculty presented and discussed cutting-edge research in emerging defense technologies, furthering academic collaboration, shared learning, and strategic engagement with international partners.

    Beyond the formal sessions and professional exchange, the symposium also provided an opportunity to advance important relationships, maritime statecraft, and reconnect NPS with its global community of alumni.

    “These relationships matter and continuing to cultivate them matters because our alumni network is a vital resource,” said U.S. Army Gen. Christopher Cavoli, Supreme Allied Commander and Commander, U.S. European Command. “It provides us with an unparalleled opportunity to share knowledge, exchange ideas, and foster innovation all around the globe.”

    In addition to robust discussions on security and defense, participants valued the chance to reconnect with former classmates, professors, and new colleagues from across Europe.

    “NPS helped us reach a deeper understanding of where we’re going together. In terms of cooperative security and collective defense right now, NPS is very well represented in key positions in NATO, not only in the operational side of the house but also in the future planning,” said Maj. Gen. Claudiu Dobocan, commander, Romanian Special Operations Command and a 2004 NPS Defense Analysis graduate. “NPS is on the forefront for relation building but also on the front of conceptual theories which will push forward NATO and U.S. instruments.”

    Among the many discussions held during the event, one key session focused on climate and energy security in Europe, featuring panelist Kristen Fletcher of NPS’ Energy Academic Group who highlighted important ongoing research in the field. Symposium attendees and NPS faculty visited the Schneefernerhaus Environmental Research Station, Germany’s highest environmental research facility, where they learned about the facility’s history and ongoing climate research, which furthered the discussion.

    “This symposium has given us the chance to share global perspectives on climate security,” Fletcher said. “The research shared with us today on increasing greenhouse gas emissions, along with physical observations of a nearly depleted glacier, highlights the need for awareness and partnerships to understand the impacts of climate change on military missions.”

    As the symposium concluded, participants expressed gratitude for the opportunity to reunite with old colleagues, meet new ones, and discuss shared challenges and opportunities for collaboration.

    NPS attracts students from around the globe, advancing their skills while also supporting the development of enduring personal connections. International alumni symposiums focus on strengthening those relationships while addressing present-day challenges, reaffirming the collective dedication to global security.

    “NPS gives us the opportunity to connect people from different countries, different cultures, building trust and the feeling that we are stronger together,” said 2024 Security Studies graduate Tea Nikolashvili, director, Defense Institution Building School, Ministry of Defense, Georgia. “Symposiums like this are an additional opportunity for us to communicate with our peers and widen our perspectives as well as build professional networks, supporting both national and international security objectives and implementation processes.”

    The event was organized by NPS’ International Graduate Programs Office (IGPO) with additional support from the NPS Foundation and Alumni Association. More than 7,000 students from nearly 130 countries have graduated from NPS since 1954. 

    “None of us are as strong as all of us,” said Danial Pick, director of IGPO. “Allied countries send their best to NPS, and they contribute so much to our learning beyond their coursework and research to enhance our culture and strengthen future alliances, which are so important today.” 

    Through the institution’s unique, defense-focused graduate education and research programs and a student body reaching all corners of the globe, NPS continues to drive knowledge and relevant innovation to enhance the strategic capabilities of the United States as well as its international partners. 

    “It was a privilege to collaborate with senior military representatives and NPS alumni from around the globe to discuss and execute the importance of strategic engagement among international partners,” said NPS President retired Vice. Adm. Ann Rondeau. “I want to express my sincere thanks to everyone who worked diligently to ensure the symposium was a success, especially to the George C. Marshall European Center for Security Studies and Director retired U.S. Air Force Maj. Gen. Barre R. Seguin for graciously co-hosting our first NPS European International Alumni Symposium – it was a great team effort!” 

    NPS, located in Monterey, California, provides defense-focused graduate education, including classified studies and interdisciplinary research, to advance the operational effectiveness, technological leadership, and warfighting advantage of the Naval service. Established in 1909, NPS offers master’s and doctorate programs to Department of Defense military and civilians, along with international partners, to deliver transformative solutions and innovative leaders through advanced education and research. For more information, visit NPS at https://nps.edu.

    Check out highlights and hear from symposium attendees in this recap of NPS’ first-ever European International Alumni Symposium, https://youtu.be/KSJq5QHAoC8. 

    MIL Security OSI –

    January 25, 2025

  • MIL-OSI: Red River Bancshares, Inc. Reports Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    ALEXANDRIA, La., Oct. 30, 2024 (GLOBE NEWSWIRE) — Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the third quarter of 2024.

    Net income for the third quarter of 2024 was $8.8 million, or $1.27 per diluted common share (“EPS”), an increase of $767,000, or 9.6%, compared to $8.0 million, or $1.16 EPS, for the second quarter of 2024, and an increase of $733,000, or 9.1%, compared to $8.0 million, or $1.12 EPS, for the third quarter of 2023. For the third quarter of 2024, the quarterly return on assets was 1.13%, and the quarterly return on equity was 11.11%.

    Net income for the nine months ended September 30, 2024, was $24.9 million, or $3.59 EPS, a decrease of $1.7 million, or 6.2%, compared to $26.6 million, or $3.70 EPS, for the nine months ended September 30, 2023. For the nine months ended September 30, 2024, the return on assets was 1.08%, and the return on equity was 10.86%.

    Third Quarter 2024 Performance and Operational Highlights

    In the third quarter of 2024, the Company reported higher earnings, an improved net interest margin, and fairly consistent loans and deposits. We deployed excess funds into the securities portfolio and completed a significant stock repurchase. In mid-September, the target range of the federal funds rate was reduced by 50 basis points (“bps”).

    • Net income for the third quarter of 2024 was $8.8 million compared to $8.0 million for the prior quarter. Net income for the third quarter benefited from higher net interest income and an improved net interest margin fully tax equivalent (“FTE”), along with higher noninterest income.
    • Net interest income and net interest margin FTE increased for the third quarter of 2024 compared to the prior quarter. Net interest income for the third quarter of 2024 was $22.5 million compared to $21.8 million for the prior quarter. Net interest margin FTE for the third quarter of 2024 was 2.98% compared to 2.92% for the prior quarter. These increases were due to improved yields on securities and loans outpacing higher deposit rates.
    • Noninterest income totaled $5.4 million for the third quarter of 2024, an increase of $321,000, or 6.3%, compared to $5.1 million for the previous quarter. Noninterest income benefited from the receipt of a $151,000 nonrecurring loan fee.
    • As of September 30, 2024, assets were $3.10 billion, which was $53.2 million, or 1.7%, higher than June 30, 2024. The increase was mainly due to a $30.5 million increase in deposits.
    • Deposits totaled $2.75 billion as of September 30, 2024, an increase of $30.5 million, or 1.1%, compared to $2.72 billion as of June 30, 2024. In the third quarter of 2024, customer deposit balances remained consistent, with normal activity.
    • As of September 30, 2024, loans held for investment (“HFI”) were $2.06 billion, slightly higher than $2.05 billion as of June 30, 2024. In the third quarter of 2024, we closed on a high level of loan commitments, which should fund over time.
    • As of September 30, 2024, total securities were $697.7 million, which was $31.1 million, or 4.7%, higher than June 30, 2024. In the third quarter of 2024, we redeployed cash flows from lower yielding securities into higher yielding securities, as well as deployed other liquid assets into the securities portfolio.
    • As of September 30, 2024, liquid assets, which are cash and cash equivalents, were $232.6 million, and the liquid assets to assets ratio was 7.50%. We do not have any borrowings, brokered deposits, or internet-sourced deposits.
    • In the third quarter of 2024, the provision for credit losses totaled $300,000. This included $200,000 for loans and $100,000 for unfunded loan commitments.
    • As of September 30, 2024, nonperforming assets (“NPA(s)”) were $3.1 million, or 0.10% of assets, and the allowance for credit losses (“ACL”) was $21.8 million, or 1.06% of loans HFI.
    • We paid a quarterly cash dividend of $0.09 per common share in the third quarter of 2024.
    • The 2024 stock repurchase program authorizes us to purchase up to $5.0 million of our outstanding shares of common stock from January 1, 2024 through December 31, 2024. In the third quarter of 2024, we entered into a privately negotiated stock repurchase agreement for the repurchase of 60,000 shares at an aggregate cost of $3.0 million. In connection with this repurchase, we reduced the availability under the 2024 repurchase program by $3.0 million. We also repurchased 233 shares at an aggregate cost of $11,000 from the open market. As of September 30, 2024, the 2024 stock repurchase program had $1.2 million remaining.
    • As of September 30, 2024, capital levels were strong with a stockholders’ equity to assets ratio of 10.46%, a leverage ratio of 11.90%, and a total risk-based capital ratio of 18.07%.
    • The book value per share of common stock was $47.51 as of September 30, 2024, compared to $44.58 as of June 30, 2024. This improvement was primarily due to the decrease in the accumulated other comprehensive loss related to securities and net income added to stockholders’ equity, partially offset by stock repurchases.

    Blake Chatelain, President and Chief Executive Officer, stated, “We are pleased with the financial results for the third quarter of 2024. We managed continued improvement to the net interest margin FTE, higher earnings, solid asset quality, steady loan activity, and continued strong liquidity and capital.

    “Throughout the majority of the third quarter, until the Federal Reserve reduced the federal funds rate, we continued to reprice assets at a quicker pace than liabilities, which benefited net interest margin FTE and net interest income. Loan demand continued to be steady in the third quarter, despite some companies possibly placing investment decisions on hold due to the pending presidential election. We did, however, close on a significant amount of construction loan commitments, which should fund over the next year.

    “On September 18, 2024, the Federal Reserve reduced the federal funds rate by 50 bps. This marks the conclusion of one of the most aggressive interest rate tightening cycles in many years. The rapid increase in interest rates has been challenging for banks and their customers. A lower interest rate environment should spur loan demand and mortgage loan activity, as well as help moderate accumulated other comprehensive loss in stockholders’ equity related to securities. Overall, the Louisiana economy seems to be faring well, and our customers’ balance sheets and earnings appear solid.

    “Our company is well-positioned for the future, with robust capital and liquidity levels combined with a great team of community bankers. As we gain more clarity regarding future interest rates and the presidential election concludes, we remain committed to providing steady financial results for the company.”

    Net Interest Income and Net Interest Margin FTE

    Net interest income and net interest margin FTE increased in the third quarter of 2024 compared to the prior quarter. These increases were due to improved yields on securities and loans outpacing higher deposit rates. After keeping the federal funds rate consistent since the third quarter of 2023, the Federal Open Market Committee (“FOMC”) decreased the federal funds rate by 50 bps in September of 2024.

    Net interest income for the third quarter of 2024 was $22.5 million, which was $670,000, or 3.1%, higher than the second quarter of 2024, due to a $1.2 million increase in interest and dividend income, partially offset by a $550,000 increase in interest expense. The increase in interest and dividend income was due to higher interest income on loans and securities. Loan income increased $1.0 million primarily due to higher rates on new and renewed loans compared to the existing portfolio. The average rate on new and renewed loans was 7.89% for the third quarter of 2024 and 7.98% for the prior quarter. Securities income increased $266,000 due to reinvesting lower yielding securities cash flows into higher yielding securities. The increase in interest expense was primarily due to higher rates on interest-bearing transaction deposits and time deposits.

    The net interest margin FTE increased six bps to 2.98% for the third quarter of 2024, compared to 2.92% for the prior quarter. This increase was due to improved yields on securities and loans, partially offset by higher deposit costs. The yield on securities increased 15 bps due to reinvesting lower yielding securities cash flows into higher yielding securities. The yield on loans increased 11 bps due to higher rates on new and renewed loans compared to the existing portfolio. The cost of deposits increased six bps to 1.81% for the third quarter of 2024, compared to 1.75% for the previous quarter, primarily due to a nine bp increase in the rate on interest-bearing deposits during the third quarter, partially offset by our adjustment to certain transaction deposit rates late in the third quarter.

    Late in the third quarter of 2024, the target range of the federal funds rate was reduced 50 bps to 4.75%-5.00%. At that time, we adjusted rates on transaction and time deposits, and we expect to continue lowering these rates in conjunction with future federal funds rate decreases. The market’s expectation is that the FOMC will continue lowering the target federal funds rate in the fourth quarter of 2024. During the twelve months ending September 30, 2025, we anticipate receiving approximately $134.0 million in securities cash flows with an average yield of 2.86%, and we project approximately $194.2 million of fixed rate loans will mature with an average yield of 5.95%. We expect to redeploy these balances into higher yielding assets. Additionally, during the twelve months ending September 30, 2025, we expect $558.5 million of time deposits to mature with an average rate of 4.47%, which we anticipate repricing into lower cost deposits. As of September 30, 2024, floating rate loans were 14.9% of loans HFI, and floating rate transaction deposits were 7.2% of interest-bearing transaction deposits. Depending on balance sheet activity and the movement in interest rates, we expect the net interest income and net interest margin FTE to improve slightly in the fourth quarter of 2024.

    Provision for Credit Losses

    The provision for credit losses for the third quarter of 2024 totaled $300,000, which included $200,000 for loans and $100,000 for unfunded loan commitments. The provision for credit losses in the second quarter was $300,000 for loans. The provision in the second and third quarters was due to potential economic challenges resulting from the recent inflationary environment, changing monetary policy, and loan growth. In the third quarter of 2024, we had an increase in unfunded loan commitments. We will continue to evaluate future provision needs in relation to current economic situations, loan growth, trends in asset quality, forecasted information, and other conditions influencing loss expectations.

    Noninterest Income

    Noninterest income totaled $5.4 million for the third quarter of 2024, an increase of $321,000, or 6.3%, compared to $5.1 million for the previous quarter. The increase was mainly due to a gain on equity securities and increases in service charges on deposit accounts, loan and deposit income, and brokerage income, partially offset by a decrease in Small Business Investment Company (“SBIC”) income.

    Equity securities are an investment in a Community Reinvestment Act (“CRA”) mutual fund consisting primarily of bonds. The gain or loss on equity securities is a fair value adjustment primarily driven by changes in the interest rate environment. Due to the fluctuations in market rates between quarters, equity securities had a gain of $107,000 in the third quarter of 2024, compared to a loss of $13,000 for the previous quarter.

    Service charges on deposit accounts totaled $1.5 million for the third quarter of 2024, an increase of $119,000, or 8.7%, compared to $1.4 million for the previous quarter. This increase was mainly due to a larger number of non-sufficient fund transactions and related fee income in the third quarter of 2024.

    Loan and deposit income totaled $588,000 for the third quarter of 2024, an increase of $96,000, or 19.5%, compared to $492,000 for the previous quarter. The third quarter of 2024 benefited from the receipt of a $151,000 nonrecurring loan fee.

    Brokerage income was $987,000 for the third quarter of 2024, an increase of $94,000, or 10.5%, compared to $893,000 for the previous quarter. The higher income in the third quarter of 2024 was mainly due to increased investing activity by clients. Assets under management were $1.13 billion as of September 30, 2024.

    SBIC income for the third quarter of 2024 was $301,000, a decrease of $153,000, or 33.7%, compared to $454,000 for the previous quarter. This decrease was primarily due to lower normal income received from these partnerships in the third quarter. We expect SBIC income to be slightly higher in the fourth quarter of 2024 when compared to the third quarter.

    Operating Expenses

    Operating expenses totaled $16.8 million for the third quarter of 2024, an increase of $63,000, or 0.4%, compared to $16.7 million for the previous quarter. This increase was mainly due to higher technology expenses and other tax expenses.

    Technology expenses totaled $865,000 for the third quarter of 2024, an increase of $141,000, or 19.5%, compared to $724,000 for the previous quarter. This increase was primarily due to continued upgrades to our core banking systems and other software technology enhancements.

    Other taxes totaled $622,000 for the third quarter of 2024, an increase of $122,000, or 24.4%, compared to $500,000 for the previous quarter. The second quarter benefited from the reversal of $145,000 of stock repurchase tax expense due to finalized guidelines.

    Asset Overview

    As of September 30, 2024, assets were $3.10 billion, compared to assets of $3.05 billion as of June 30, 2024, an increase of $53.2 million, or 1.7%. In the third quarter, assets were mainly impacted by a $30.5 million, or 1.1%, increase in deposits. In the third quarter of 2024, liquid assets increased $19.6 million, or 9.2%, to $232.6 million and averaged $224.0 million for the third quarter. As of September 30, 2024, we had sufficient liquid assets available and $1.69 billion accessible from other liquidity sources. The liquid assets to assets ratio was 7.50% as of September 30, 2024. Total securities increased $31.1 million, or 4.7%, to $697.7 million in the third quarter and were 22.5% of assets as of September 30, 2024. During the third quarter, loans HFI increased $8.2 million, or 0.4%, to $2.06 billion. The loans HFI to deposits ratio was 74.84% as of September 30, 2024, compared to 75.38% as of June 30, 2024.

    Securities

    Total securities as of September 30, 2024, were $697.7 million, an increase of $31.1 million, or 4.7%, from June 30, 2024. Securities increased primarily due to $52.9 million in purchases combined with a $14.9 million reduction in net unrealized loss on securities AFS. This was partially offset by maturities and principal repayments.

    The estimated fair value of securities available for sale (“AFS”) totaled $560.6 million, net of $49.5 million of unrealized loss, as of September 30, 2024, compared to $526.9 million, net of $64.4 million of unrealized loss, as of June 30, 2024. As of September 30, 2024, the amortized cost of securities held-to-maturity (“HTM”) totaled $134.1 million compared to $136.8 million as of June 30, 2024. As of September 30, 2024, securities HTM had an unrealized loss of $17.3 million compared to $22.8 million as of June 30, 2024.

    As of September 30, 2024, equity securities, which is an investment in a CRA mutual fund consisting primarily of bonds, totaled $3.0 million compared to $2.9 million as of June 30, 2024.

    Loans

    Loans HFI as of September 30, 2024, were $2.06 billion, slightly higher than $2.05 billion as of June 30, 2024. In the third quarter of 2024, we closed on a high level of loan commitments, which, depending on customer activity, should fund over time. Unfunded loan commitments that originated in the third quarter of 2024 totaled $76.4 million.

    Loans HFI by Category
      September 30, 2024   June 30, 2024   Change from
    June 30, 2024 to
    September 30, 2024
    (dollars in thousands) Amount   Percent   Amount   Percent   $ Change   % Change
    Real estate:                      
    Commercial real estate $ 875,590   42.6%     $ 865,645   42.3%     $ 9,945     1.1%  
    One-to-four family residential   616,467   30.0%       611,904   29.9%       4,563     0.7%  
    Construction and development   141,525   6.9%       129,197   6.3%       12,328     9.5%  
    Commercial and industrial   327,069   15.9%       344,071   16.8%       (17,002)     (4.9%)  
    Tax-exempt   66,436   3.2%       67,941   3.3%       (1,505)     (2.2%)  
    Consumer   28,961   1.4%       29,132   1.4%       (171)     (0.6%)  
    Total loans HFI $ 2,056,048   100.0%     $ 2,047,890   100.0%     $ 8,158     0.4%  

    Commercial real estate (“CRE”) loans are collateralized by owner occupied and non-owner occupied properties mainly in Louisiana. Non-owner occupied office loans were $57.2 million, or 2.8% of loans HFI, as of September 30, 2024, and are primarily centered in low-rise suburban areas. The average CRE loan size was $947,000 as of September 30, 2024.

    Health care loans are our largest industry concentration and are made up of a diversified portfolio of health care providers. As of September 30, 2024, total health care loans were 8.0% of loans HFI. Within the health care sector, loans to nursing and residential care facilities were 4.4% of loans HFI, and loans to physician and dental practices were 3.4% of loans HFI. The average health care loan size was $399,000 as of September 30, 2024.

    Asset Quality and Allowance for Credit Losses

    NPAs totaled $3.1 million as of September 30, 2024, a decrease of $103,000, or 3.2%, from June 30, 2024, primarily due to changes to nonaccrual loans. The ratio of NPAs to assets was 0.10% as of September 30, 2024, and 0.11% as of June 30, 2024.

    As of September 30, 2024, the ACL was $21.8 million. The ratio of ACL to loans HFI was 1.06% as of September 30, 2024 and June 30, 2024. The net charge-offs to average loans ratio was 0.00% for the third quarter of 2024 and 0.01% for the second quarter of 2024.

    Deposits

    As of September 30, 2024, deposits were $2.75 billion, an increase of $30.5 million, or 1.1%, compared to June 30, 2024. Average deposits for the third quarter of 2024 were $2.73 billion, a decrease of $5.6 million, or 0.2%, from the prior quarter. The following tables provide details on our deposit portfolio:

    Deposits by Account Type
      September 30, 2024   June 30, 2024   Change from
    June 30, 2024 to
    September 30, 2024
    (dollars in thousands) Balance   % of Total   Balance   % of Total   $ Change   % Change
    Noninterest-bearing demand deposits $ 882,394   32.1%     $ 892,942   32.9%     $ (10,548)     (1.2%)  
    Interest-bearing deposits:                      
    Interest-bearing demand deposits   163,787   6.0%       135,543   5.0%       28,244     20.8%  
    NOW accounts   379,566   13.8%       377,385   13.9%       2,181     0.6%  
    Money market accounts   551,229   20.0%       547,715   20.1%       3,514     0.6%  
    Savings accounts   166,723   6.1%       170,050   6.3%       (3,327)     (2.0%)  
    Time deposits less than or equal to $250,000   411,361   15.0%       399,981   14.7%       11,380     2.8%  
    Time deposits greater than $250,000   192,065   7.0%       193,030   7.1%       (965)     (0.5%)  
    Total interest-bearing deposits   1,864,731   67.9%       1,823,704   67.1%       41,027     2.2%  
    Total deposits $ 2,747,125   100.0%     $ 2,716,646   100.0%     $ 30,479     1.1%  
    Deposits by Customer Type
      September 30, 2024   June 30, 2024   Change from
    June 30, 2024 to
    September 30, 2024
    (dollars in thousands) Balance   % of Total   Balance   % of Total   $ Change   % Change
    Consumer $ 1,348,281   49.1%     $ 1,351,709   49.8%     $ (3,428)     (0.3%)  
    Commercial   1,191,625   43.4%       1,149,023   42.3%       42,602     3.7%  
    Public   207,219   7.5%       215,914   7.9%       (8,695)     (4.0%)  
    Total deposits $ 2,747,125   100.0%     $ 2,716,646   100.0%     $ 30,479     1.1%  
     

    In the third quarter of 2024, customer deposit balances remained consistent, with normal activity.

    The Bank has a granular, diverse deposit portfolio with customers in a variety of industries throughout Louisiana. As of September 30, 2024, the average deposit account size was approximately $27,000.

    As of September 30, 2024, our estimated uninsured deposits, which are the portion of deposit accounts that exceed the FDIC insurance limit (currently $250,000), were approximately $832.2 million, or 30.3% of total deposits. This amount was estimated based on the same methodologies and assumptions used for regulatory reporting purposes. Also, as of September 30, 2024, our estimated uninsured deposits, excluding collateralized public entity deposits, were approximately $674.8 million, or 24.6% of total deposits. Our cash and cash equivalents of $232.6 million, combined with our available borrowing capacity of $1.69 billion, equaled 231.3% of our estimated uninsured deposits and 285.2% of our estimated uninsured deposits, excluding collateralized public entity deposits.

    Stockholders’ Equity

    Total stockholders’ equity as of September 30, 2024, was $324.3 million compared to $307.0 million as of June 30, 2024. The $17.3 million, or 5.6%, increase in stockholders’ equity during the third quarter of 2024 was attributable to a $12.1 million, net of tax, market adjustment to accumulated other comprehensive loss related to securities, $8.8 million of net income, and $92,000 of stock compensation, partially offset by the repurchase of 60,233 shares of common stock for $3.0 million and $615,000 in cash dividends. We paid a quarterly cash dividend of $0.09 per share on September 19, 2024.

    Non-GAAP Disclosure

    Our accounting and reporting policies conform to United States generally accepted accounting principles (“GAAP”) and the prevailing practices in the banking industry. Certain financial measures used by management to evaluate our operating performance are discussed as supplemental non-GAAP performance measures. In accordance with the Securities and Exchange Commission’s (“SEC”) rules, we classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the U.S.

    Management and the board of directors review tangible book value per share, tangible common equity to tangible assets, and realized book value per share as part of managing operating performance. However, these non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which we calculate the non-GAAP financial measures that are discussed may differ from that of other companies’ reporting measures with similar names. It is important to understand how such other banking organizations calculate and name their financial measures similar to the non-GAAP financial measures discussed by us when comparing such non-GAAP financial measures.

    A reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is included within the following financial statement tables.

    About Red River Bancshares, Inc.

    Red River Bancshares, Inc. is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 28 banking centers throughout Louisiana and one combined loan and deposit production office in New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area (“MSA”); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; Acadiana, which includes the Lafayette MSA; and New Orleans.

    Forward-Looking Statements

    Statements in this news release regarding our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business and markets, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this news release are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this news release and could cause us to make changes to our future plans. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the section titled “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q, and in other documents that we file with the SEC from time to time. In addition, our actual financial results in the future may differ from those currently expected due to additional risks and uncertainties of which we are not currently aware or which we do not currently view as, but in the future may become, material to our business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this news release are qualified in their entirety by this cautionary statement.

    Contact:
    Isabel V. Carriere, CPA, CGMA
    Executive Vice President, Chief Financial Officer, and Assistant Corporate Secretary
    318-561-4023
    icarriere@redriverbank.net

    FINANCIAL HIGHLIGHTS (UNAUDITED)
     
        As of and for the
    Three Months Ended    		   As of and for the
    Nine Months Ended
    (dollars in thousands, except per share data)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		   September 30,
    2024    		   September 30,
    2023
    Net Income   $ 8,754     $ 7,987     $ 8,021     $ 24,929     $ 26,587  
                         
    Per Common Share Data:                    
    Earnings per share, basic   $ 1.28     $ 1.16     $ 1.12     $ 3.60     $ 3.70  
    Earnings per share, diluted   $ 1.27     $ 1.16     $ 1.12     $ 3.59     $ 3.70  
    Book value per share   $ 47.51     $ 44.58     $ 39.43     $ 47.51     $ 39.43  
    Tangible book value per share (1)   $ 47.28     $ 44.35     $ 39.21     $ 47.28     $ 39.21  
    Realized book value per share (1)   $ 54.78     $ 53.54     $ 50.27     $ 54.78     $ 50.27  
    Cash dividends per share   $ 0.09     $ 0.09     $ 0.08     $ 0.27     $ 0.24  
    Shares outstanding     6,826,120       6,886,928       7,150,685       6,826,120       7,150,685  
    Weighted average shares outstanding, basic     6,851,223       6,896,030       7,168,413       6,932,137       7,176,219  
    Weighted average shares outstanding, diluted     6,867,474       6,914,140       7,180,084       6,949,196       7,188,371  
                         
    Summary Performance Ratios:                    
    Return on average assets     1.13%       1.05%       1.05%       1.08%       1.18%  
    Return on average equity     11.11%       10.69%       11.15%       10.86%       12.71%  
    Net interest margin     2.93%       2.87%       2.74%       2.87%       2.91%  
    Net interest margin FTE     2.98%       2.92%       2.78%       2.92%       2.94%  
    Efficiency ratio     60.09%       62.07%       61.70%       60.84%       59.02%  
    Loans HFI to deposits ratio     74.84%       75.38%       70.60%       74.84%       70.60%  
    Noninterest-bearing deposits to deposits ratio     32.12%       32.87%       35.22%       32.12%       35.22%  
    Noninterest income to average assets     0.70%       0.67%       0.73%       0.67%       0.71%  
    Operating expense to average assets     2.17%       2.19%       2.13%       2.14%       2.12%  
                         
    Summary Credit Quality Ratios:                    
    NPAs to assets     0.10%       0.11%       0.07%       0.10%       0.07%  
    Nonperforming loans to loans HFI     0.15%       0.16%       0.10%       0.15%       0.10%  
    ACL to loans HFI     1.06%       1.06%       1.09%       1.06%       1.09%  
    Net charge-offs to average loans     0.00%       0.01%       0.00%       0.02%       0.01%  
                         
    Capital Ratios:                    
    Stockholders’ equity to assets     10.46%       10.07%       9.20%       10.46%       9.20%  
    Tangible common equity to tangible assets(1)     10.41%       10.02%       9.15%       10.41%       9.15%  
    Total risk-based capital to risk-weighted assets     18.07%       18.01%       18.35%       18.07%       18.35%  
    Tier 1 risk-based capital to risk-weighted assets     17.05%       16.99%       17.31%       17.05%       17.31%  
    Common equity Tier 1 capital to risk-weighted assets     17.05%       16.99%       17.31%       17.05%       17.31%  
    Tier 1 risk-based capital to average assets     11.90%       11.74%       11.56%       11.90%       11.56%  

    (1)  Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release.

    RED RIVER BANCSHARES, INC.
    CONSOLIDATED BALANCE SHEETS (UNAUDITED)
     
    (in thousands) September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024    		   December 31,
    2023    		   September 30,
    2023
    ASSETS                  
    Cash and due from banks $ 39,664     $ 35,035     $ 19,401     $ 53,062     $ 42,413  
    Interest-bearing deposits in other banks   192,983       178,038       210,404       252,364       279,786  
    Securities available-for-sale, at fair value   560,555       526,890       545,967       570,092       529,046  
    Securities held-to-maturity, at amortized cost   134,145       136,824       139,328       141,236       143,420  
    Equity securities, at fair value   3,028       2,921       2,934       2,965       2,833  
    Nonmarketable equity securities   2,305       2,283       2,261       2,239       2,190  
    Loans held for sale   1,805       3,878       1,653       1,306       2,348  
    Loans held for investment   2,056,048       2,047,890       2,038,072       1,992,858       1,948,606  
    Allowance for credit losses   (21,757)       (21,627)       (21,564)       (21,336)       (21,183)  
    Premises and equipment, net   57,661       57,910       57,539       57,088       56,466  
    Accrued interest receivable   9,465       9,570       9,995       9,945       8,778  
    Bank-owned life insurance   30,164       29,947       29,731       29,529       29,332  
    Intangible assets   1,546       1,546       1,546       1,546       1,546  
    Right-of-use assets   2,853       2,973       3,091       3,629       3,757  
    Other assets   31,285       34,450       32,940       32,287       36,815  
    Total Assets $ 3,101,750     $ 3,048,528     $ 3,073,298     $ 3,128,810     $ 3,066,153  
                       
    LIABILITIES                  
    Noninterest-bearing deposits $ 882,394     $ 892,942     $ 895,439     $ 916,456     $ 972,155  
    Interest-bearing deposits   1,864,731       1,823,704       1,850,452       1,885,432       1,787,738  
    Total Deposits   2,747,125       2,716,646       2,745,891       2,801,888       2,759,893  
    Accrued interest payable   11,751       8,747       8,959       8,000       6,800  
    Lease liabilities   2,982       3,100       3,215       3,767       3,892  
    Accrued expenses and other liabilities   15,574       13,045       15,919       11,304       13,617  
    Total Liabilities   2,777,432       2,741,538       2,773,984       2,824,959       2,784,202  
    COMMITMENTS AND CONTINGENCIES   —       —       —       —       —  
    STOCKHOLDERS’ EQUITY                  
    Preferred stock, no par value   —       —       —       —       —  
    Common stock, no par value   41,402       44,413       45,177       55,136       58,031  
    Additional paid-in capital   2,682       2,590       2,485       2,407       2,327  
    Retained earnings   329,858       321,719       314,352       306,802       299,079  
    Accumulated other comprehensive income (loss)   (49,624)       (61,732)       (62,700)       (60,494)       (77,486)  
    Total Stockholders’ Equity   324,318       306,990       299,314       303,851       281,951  
    Total Liabilities and Stockholders’ Equity $ 3,101,750     $ 3,048,528     $ 3,073,298     $ 3,128,810     $ 3,066,153  
    RED RIVER BANCSHARES, INC.
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
                         
        For the Three Months Ended   For the Nine
    Months Ended
    (in thousands)   September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023    		   September 30,
    2024    		   September 30,
    2023
    INTEREST AND DIVIDEND INCOME                                    
    Interest and fees on loans   $ 27,909   $ 26,882     $ 23,925     $ 80,684   $ 68,541  
    Interest on securities     4,334     4,068       3,404       12,465     10,635  
    Interest on federal funds sold     —     —       —       —     886  
    Interest on deposits in other banks     2,630     2,709       2,950       8,378     6,359  
    Dividends on stock     28     22       45       73     106  
    Total Interest and Dividend Income     34,901     33,681       30,324       101,600     86,527  
    INTEREST EXPENSE                    
    Interest on deposits     12,444     11,894       9,562       35,993     21,319  
    Interest on other borrowed funds     —     —       37       —     64  
    Total Interest Expense     12,444     11,894       9,599       35,993     21,383  
    Net Interest Income     22,457     21,787       20,725       65,607     65,144  
    Provision for credit losses     300     300       185       900     485  
    Net Interest Income After Provision for Credit Losses     22,157     21,487       20,540       64,707     64,659  
    NONINTEREST INCOME                    
    Service charges on deposit accounts     1,486     1,367       1,489       4,223     4,317  
    Debit card income, net     905     949       830       2,875     2,687  
    Mortgage loan income     732     650       604       1,838     1,524  
    Brokerage income     987     893       1,029       2,867     2,759  
    Loan and deposit income     588     492       571       1,572     1,566  
    Bank-owned life insurance income     217     216       191       635     557  
    Gain (Loss) on equity securities     107     (13)       (113)       63     (145)  
    SBIC income     301     454       920       1,107     2,479  
    Other income (loss)     96     90       60       266     184  
    Total Noninterest Income     5,419     5,098       5,581       15,446     15,928  
    OPERATING EXPENSES                    
    Personnel expenses     9,700     9,603       9,461       28,854     28,008  
    Occupancy and equipment expenses     1,661     1,698       1,663       4,975     4,933  
    Technology expenses     865     724       675       2,298     2,066  
    Advertising     317     408       331       1,061     955  
    Other business development expenses     521     593       522       1,589     1,451  
    Data processing expense     652     651       651       1,650     1,689  
    Other taxes     622     500       664       1,859     2,042  
    Loan and deposit expenses     294     309       238       561     728  
    Legal and professional expenses     653     729       616       2,000     1,714  
    Regulatory assessment expenses     421     401       419       1,226     1,223  
    Other operating expenses     1,046     1,073       990       3,241     3,041  
    Total Operating Expenses     16,752     16,689       16,230       49,314     47,850  
    Income Before Income Tax Expense     10,824     9,896       9,891       30,839     32,737  
    Income tax expense     2,070     1,909       1,870       5,910     6,150  
    Net Income   $ 8,754   $ 7,987     $ 8,021     $ 24,929   $ 26,587  
    RED RIVER BANCSHARES, INC.
    NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED)
     
      For the Three Months Ended
      September 30, 2024   June 30, 2024
    (dollars in thousands) Average Balance Outstanding   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate    		   Average Balance Outstanding   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate
    Assets                      
    Interest-earning assets:                      
    Loans(1,2) $ 2,054,451     $ 27,909   5.32%     $ 2,042,602     $ 26,882   5.21%  
    Securities – taxable   545,171       3,344   2.45%       546,466       3,069   2.25%  
    Securities – tax-exempt   191,285       990   2.07%       193,954       999   2.06%  
    Interest-bearing deposits in other banks   194,229       2,630   5.36%       199,668       2,709   5.43%  
    Nonmarketable equity securities   2,284       28   4.85%       2,262       22   3.96%  
    Total interest-earning assets   2,987,420     $ 34,901   4.59%       2,984,952     $ 33,681   4.48%  
    Allowance for credit losses   (21,702)               (21,653)          
    Noninterest-earning assets   104,599               96,631          
    Total assets $ 3,070,317             $ 3,059,930          
    Liabilities and Stockholders’ Equity                      
    Interest-bearing liabilities:                      
    Interest-bearing transaction deposits $ 1,230,487     $ 6,042   1.95%     $ 1,230,474     $ 5,701   1.86%  
    Time deposits   597,286       6,402   4.26%       595,120       6,193   4.19%  
    Total interest-bearing deposits   1,827,773       12,444   2.71%       1,825,594       11,894   2.62%  
    Other borrowings   —       —   —%       1       —   5.78%  
    Total interest-bearing liabilities   1,827,773     $ 12,444   2.71%       1,825,595     $ 11,894   2.62%  
    Noninterest-bearing liabilities:                      
    Noninterest-bearing deposits   901,192               908,930          
    Accrued interest and other liabilities   28,006               24,868          
    Total noninterest-bearing liabilities   929,198               933,798          
    Stockholders’ equity   313,346               300,537          
    Total liabilities and stockholders’ equity $ 3,070,317             $ 3,059,930          
    Net interest income     $ 22,457           $ 21,787    
    Net interest spread         1.88%             1.86%  
    Net interest margin         2.93%             2.87%  
    Net interest margin FTE(3)         2.98%             2.92%  
    Cost of deposits         1.81%             1.75%  
    Cost of funds         1.66%             1.60%  

    (1)  Includes average outstanding balances of loans held for sale of $3.0 million and $3.2 million for the three months ended September 30, 2024 and June 30, 2024, respectively.
    (2)  Nonaccrual loans are included as loans carrying a zero yield.
    (3)  Net interest margin FTE includes an FTE adjustment using a 21.0% federal income tax rate on tax-exempt securities and tax-exempt loans.

    RED RIVER BANCSHARES, INC.
    NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED)
     
      For the Nine Months Ended
      September 30, 2024   September 30, 2023
    (dollars in thousands) Average Balance Outstanding   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate    		   Average Balance Outstanding   Interest
    Income/
    Expense    		   Average
    Yield/
    Rate
    Assets                      
    Interest-earning assets:                      
    Loans(1,2) $ 2,037,435     $ 80,684   5.21%     $ 1,933,226     $ 68,541   4.68%  
    Securities – taxable   553,714       9,461   2.28%       618,345       7,535   1.63%  
    Securities – tax-exempt   194,341       3,004   2.06%       203,748       3,100   2.03%  
    Federal funds sold   —       —   —%       24,861       886   4.70%  
    Interest-bearing deposits in other banks   206,023       8,378   5.40%       167,210       6,359   5.05%  
    Nonmarketable equity securities   2,262       73   4.27%       3,744       106   3.76%  
    Total interest-earning assets   2,993,775     $ 101,600   4.47%       2,951,134     $ 86,527   3.88%  
    Allowance for credit losses   (21,586)               (20,920)          
    Noninterest-earning assets   100,586               88,527          
    Total assets $ 3,072,775             $ 3,018,741          
    Liabilities and Stockholders’ Equity                      
    Interest-bearing liabilities:                      
    Interest-bearing transaction deposits $ 1,240,737     $ 17,424   1.88%     $ 1,259,198     $ 12,126   1.29%  
    Time deposits   591,771       18,569   4.19%       441,442       9,193   2.78%  
    Total interest-bearing deposits   1,832,508       35,993   2.62%       1,700,640       21,319   1.68%  
    Other borrowings   —       —   —%       1,539       64   5.49%  
    Total interest-bearing liabilities   1,832,508     $ 35,993   2.62%       1,702,179     $ 21,383   1.68%  
    Noninterest-bearing liabilities:                      
    Noninterest-bearing deposits   907,722               1,016,034          
    Accrued interest and other liabilities   25,983               20,951          
    Total noninterest-bearing liabilities   933,705               1,036,985          
    Stockholders’ equity   306,562               279,577          
    Total liabilities and stockholders’ equity $ 3,072,775             $ 3,018,741          
    Net interest income     $ 65,607           $ 65,144    
    Net interest spread         1.85%             2.20%  
    Net interest margin         2.87%             2.91%  
    Net interest margin FTE(3)         2.92%             2.94%  
    Cost of deposits         1.75%             1.05%  
    Cost of funds         1.61%             0.97%  

    (1)  Includes average outstanding balances of loans held for sale of $2.7 million and $2.5 million for the nine months ended September 30, 2024 and 2023, respectively.
    (2)  Nonaccrual loans are included as loans carrying a zero yield.
    (3)  Net interest margin FTE includes an FTE adjustment using a 21.0% federal income tax rate on tax-exempt securities and tax-exempt loans.

    RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED)
     
    (dollars in thousands, except per share data) September 30,
    2024    		   June 30,
    2024    		   September 30,
    2023
    Tangible common equity          
    Total stockholders’ equity $ 324,318     $ 306,990     $ 281,951  
    Adjustments:          
    Intangible assets   (1,546)       (1,546)       (1,546)  
    Total tangible common equity (non-GAAP) $ 322,772     $ 305,444     $ 280,405  
    Realized common equity          
    Total stockholders’ equity $ 324,318     $ 306,990     $ 281,951  
    Adjustments:          
    Accumulated other comprehensive (income) loss   49,624       61,732       77,486  
    Total realized common equity (non-GAAP) $ 373,942     $ 368,722     $ 359,437  
    Common shares outstanding   6,826,120       6,886,928       7,150,685  
    Book value per share $ 47.51     $ 44.58     $ 39.43  
    Tangible book value per share (non-GAAP) $ 47.28     $ 44.35     $ 39.21  
    Realized book value per share (non-GAAP) $ 54.78     $ 53.54     $ 50.27  
               
    Tangible assets          
    Total assets $ 3,101,750     $ 3,048,528     $ 3,066,153  
    Adjustments:          
    Intangible assets   (1,546)       (1,546)       (1,546)  
    Total tangible assets (non-GAAP) $ 3,100,204     $ 3,046,982     $ 3,064,607  
    Total stockholders’ equity to assets   10.46%       10.07%       9.20%  
    Tangible common equity to tangible assets (non-GAAP)   10.41%       10.02%       9.15%  

    The MIL Network –

    January 25, 2025

  • MIL-OSI USA: Ghost forests: Learn more as Halloween sneaks up!

    Source: US Geological Survey

    These eerie forests, filled with standing dead trees, tell a story on the effects of sea level rise and extreme flooding. And scientists with the USGS are investigating!

    When coastal forests are inundated with salt water or frequently flooded, trees can be stressed to levels they can’t withstand. If trees don’t survive, coastal forests can transform into different types of settings such as marshes or open water, creating ghost forests and leaving behind remnants of the ecosystems that once were.

    What the USGS knows…

    Coastal ghost forests typically occur in low-lying areas, and USGS scientists are studying how and where these shifts are happening across the nation. The USGS and partners are also working to forecast what areas might be impacted in the future, considering various sea level rise scenarios. 

    Changes can lead to potentially positive or negative impacts. Healthy coastal forests provide numerous benefits such as supporting wildlife habitat, filtering pollutants and offering flood protection along coastlines, while marshes also provide species habitat, improve water quality and absorb floodwaters, among many other purposes.

    A ghost forest stands in Goose Creek State Park in North Carolina. This is an example of a freshwater forested wetland that is transitioning to open water. Photograph by Melinda Martinez, USGS.

    USGS science can be used by decisionmakers such as land and wildlife managers as they consider the costs and benefits of conservation and restoration.

    An example: The Chesapeake Bay

    The eastern U.S. is a particular concern, as these transitions are taking place up and down the Atlantic coast. The USGS has projects in several areas, including, for example, ongoing research in the Delmarva Peninsula within the Chesapeake Bay. This region consists of several low sloped landscapes, which allows for rapid change to occur.

    Drilling into the trees

    Here’s where it gets even more interesting! The USGS and partners recently drilled into trees to see what’s inside. Why? To understand the role of ghost forests in greenhouse gas fluxes.

    Trees are known to naturally absorb and release gases, but there’s limited research on whether and how that process changes when coastal forests die. A recent study finds that standing dead trees in ghost forests have tiny organisms that actually convert methane, a potent greenhouse gas, to carbon dioxide, which is less potent.

    This insight is another piece of the puzzle as officials consider the trade-offs for how to manage these landscapes.

    The USGS is a coauthor on that study, which was led by Hollins University. 

    Share the tale

    Don’t forget to share what you learned with friends! Do they know ghost forests are real?

    Ghost forest on the Delmarva Penninsula. Photograph by Kyle Derby, USGS.
    A ghost forest stands in Goose Creek State Park in North Carolina. This is an example of a freshwater forested wetland that is transitioning to open water. Photograph by Melinda Martinez, USGS.

    MIL OSI USA News –

    January 25, 2025

  • MIL-OSI Global: Time to freak out? How the existential terror of hurricanes can fuel climate change denial

    Source: The Conversation – USA – By Jamie Goldenberg, Professor of Psychology and Area Director, Cognitive, Neuroscience and Social Psychology, University of South Florida

    Hurricane Milton flooded parts of the Tampa Bay region just days after Hurricane Helene made landfall nearby. Bryan R. Smithy/AFP via Getty Images

    As TVs across Florida broadcast the all-too-familiar images of a powerful hurricane headed for the coast in early October 2024, people whose homes had been damaged less than two weeks earlier by Hurricane Helene watched anxiously. Hurricane Milton was rapidly intensifying into a dangerous storm, fueled by the Gulf of Mexico’s record-breaking temperatures.

    Many residents scrambled to evacuate, clogging roads away from the region. Officials urged those near the coast who ignored evacuation warnings to scrawl their names on their arms with indelible ink so their corpses could be identified.

    The two hurricanes were among the most destructive in recent memory. They are also stark reminders of the increasingly extreme weather events that scientists have long warned would be the consequence of human-driven climate change.

    Still, many people deny that climate change is a worsening threat, or that it exists at all. As its impacts grow more visible and destructive, how is this possible?

    Views of Hurricane Milton’s damage across Florida.

    One answer lies in a unique facet of human psychology – specifically, in how people manage the fear aroused by existential threats. For many people, denying the existence of a climate crisis is not only convenient, but may feel psychologically necessary.

    Terror management theory

    The Pulitzer Prize-winning anthropologist Ernest Becker put it this way: “The idea of death, the fear of it, haunts the human animal like nothing else … to overcome it by denying it in some way is the final destiny for man.”

    In plain terms, he was saying that most people struggle to accept their mortality and take pains to distort their perception of reality to avoid confronting it.

    In the 1980s, social psychologists developed “terror management theory,” showing the lengths people go to deny death. Hundreds of experiments have tested its implications. In a common method, participants reflect on their own death, while control groups consider less threatening topics, like dental pain. The key question: What does death awareness do to people?

    After writing about death, people tend to quickly move on, pushing thoughts of it from consciousness with distractions, rationalizations and other tactics. Health care professionals see this every day. For example, people often dodge screenings and diagnostic tests to avoid the frightening possibility of discovering cancer.

    Skidmore College psychologist Sheldon Solomon discusses Ernest Becker’s ‘The Denial of Death’ and terror management theory in the context of humanity’s history of brutal behavior.

    But here’s the rub: Terror management theory suggests that when people are not thinking about death, it nevertheless holds influence. The unconscious mind lingers on the problem even after people have used strategies to quiet the fear by pushing it from awareness.

    Social psychology experiments show that people often cope with the specter of death by attaching themselves to cultural ideologies, such as religious, political or even sports fandom. These worldviews imbue life with meaning, values and purpose. And that can ease the terror of mortality by connecting people to an enduring and comforting web of ideas and beliefs that transcend one’s own existence.

    When people are made aware of death, those systems of meaning become even more critical to their psychological functioning. Existential threats make us cling even tighter to the meaning systems that sustain us.

    Climate denial as a defense mechanism

    Much like a terror management lab experiment – or the onset of the COVID-19 pandemic – natural disasters like hurricanes Helene and Milton trigger death anxiety.

    Rising sea levels, warming oceans and intensifying storms – all tied to global warming fueled by human actions – represent an existential threat.

    From our perspective, it is not surprising that climate-related disasters disappear from the public consciousness almost as soon as they have passed. Google Trends data exemplifies this: Incoming storms instigated an uptick in searches for “climate change” and “global warming” in the days before Hurricane Helene made landfall on Sept. 25, 2024, and Hurricane Milton on Oct. 9, 2024. Then those searches quickly declined as people shifted their focus away from the threat.

    Unfortunately, climate change isn’t going away, no matter how hard anyone tries to deny it.

    While climate denial allows people to protect themselves from feelings of distress, terror management theory suggests that denying death is just the tip of the iceberg. For some people, accepting the reality of climate change would necessitate reevaluating their ideologies.

    Terror management theory predicts that individuals whose ideologies conflict with environmental concerns may ironically double down on those beliefs to psychologically manage the existential threat posed by climate-related disasters. It’s similar to how mortality reminders can lead people to engage in risky behavior, such as smoking or tanning. Hurricanes may reinforce denial and commitment to a worldview that rejects climate change.

    A path forward: Building new worldviews

    Although denial may be a natural psychological response to existential threats, the U.S. may be getting to a point where even deniers can’t ignore the existential threat associated with climate change.

    Again and again, Americans are gobsmacked by the devastation – from hurricanes to severe flooding, wildfires and more.

    A terror management analysis suggests that overcoming this crisis requires weaving a solutions-focused narrative into the ideologies that people rely on for comfort. As psychologists who work on terror management, we believe the fight against climate change should be framed not as an apocalyptic battle that humanity is destined to lose, but as a moral and practical challenge that humanity can collectively overcome.

    Tampa, Florida, meteorologist Denis Phillips had the right idea as the two hurricanes headed for his community: His fact-based social media updates eschew partisan critique, encourage neighbors to support one another and emphasize preparedness and resilience in the face of incoming storms.

    As Milton approached, Phillips told residents to remember his Rule #7: Don’t freak out. That doesn’t mean do nothing – it means evaluate risks without letting emotion interfere, and take action.

    Shifting the narrative from helplessness to collective empowerment and action can help people confront climate change without triggering the existential anxieties that lead to denial – offering a vision for a future that is both secure and personally meaningful.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Time to freak out? How the existential terror of hurricanes can fuel climate change denial – https://theconversation.com/time-to-freak-out-how-the-existential-terror-of-hurricanes-can-fuel-climate-change-denial-242390

    MIL OSI – Global Reports –

    January 25, 2025

  • MIL-OSI USA: Witchcraft and a Haunted Case of Torture in Joost de Damhouder’s Praxis Rerum Criminalium (1555)

    Source: US Global Legal Monitor

    One of the perplexing aspects of the surge in witch trials that took place in Europe between the 15th and the 18th centuries is the question of how much the personal experiences of that era’s legal personnel influenced the practice of criminal justice throughout the period. In a previous post on this blog, we saw that the political philosopher and witchcraft theorist Jean Bodin cited the existence of a (mostly) invisible guiding spirit that helped to steel his resolve against demonic foes. In this post, we will take a look at Joost de Damhouder, the author of an important 16th century handbook on criminal law, who described an anomalous experience involving an amulet that shaped his views on the use of torture, a story that seems actually to have taken place.

    In the first half of the 16th century, the legal field underwent a process of professionalization throughout much of Western Europe. This was driven in part by the expansion of the use of the printing press, which gave legal practitioners access to a much wider body of legal texts and information than was possible before the age of printing. That change also triggered new demand for small-format general practice guides that could put immediate and practical knowledge in the hands of the lawyers, magistrates and lower officials that managed the daily business of the law in Renaissance Europe.

    Within a couple decades, the market for subject-specific practice books and treatises began to expand as well. On the subject of criminal procedure, two important examples of this literature appeared in Venice, Italy to solid commercial success, Practica causarum criminalis of Hippolytus de Marsiliis [Venice, 1529] and Practica Nova Causarum Criminalium of Lodovico Carerio (Venice, 1546). These were joined by others in short order. For example, Joost de Damhouder (1507-1581), a lawyer from Bruges who had worked in criminal law and who was a member of the fiscal council of the Netherlands in Brussels (which is now in Belgium), seized the opportunity to capitalize on this trend. He published in 1554 a work that captured the current state of criminal practice law in his home region of Flanders. (Dauchy et. al., ch. , 3sect. 26.) That work was Praxis rerum criminalium (Criminal Matters Practice).

    Damhouder’s book contains images of various categories of crime, one of which, depicted here in this full-page woodcut illustration from Damhouder’s 1554 Enchiridion rerum criminalium, is the crime of parricide. Photo by Nathan Dorn.

    Damhouder first published Praxis rerum criminalium under the title Enchiridion rerum criminalium (Guidebook of Criminal Matters) in Leuven in 1554 and changed the title in subsequent editions. It went on to be printed many times and became over a handful of years perhaps the most influential short handbook on the subject of criminal law in Europe. (Dauchy et al., ch. 3, sect. 26.) In some respects, this was because of the qualities of the text, which presented succinct and clear statements on a number of areas within the subject of criminal law, including rules governing accusation, investigation of crime, torture, incarceration, and various categories of criminal activity. Some of these categories are very familiar: theft, fraud, assault and battery, murder, rape, arson, and more. Others sound antiquated: throwing waste out of a window, adultery, banditry, and grave robbery, for instance. (Dauchy et al., ch. 3, sect. 26.) Some belong to a world that is distinctly alien to most of the audience of this post: blasphemy, sacrilege, treason against God, and witchcraft. Categories along these lines sufficed, apparently, to make the book widely useful.

    A large measure of its success, however, must also be due to the 57 wood engravings that Damhouder commissioned for the book’s publication. Unlike many books of that format and price point, Praxis rerum ciminialium was more-or-less festooned with images. These depicted crimes, tribunals, and penalties suffered by the convicted. Illustrations of this or any quality were more typically found in books that sold at luxury prices. This title, however, was both offered in a less expensive format and illustrated with fascinating images of the world of crime and punishment. (Dauchy et. al., ch. 3, sect. 26.)

    This image from Damhouder’s 1554 Enchiridion rerum criminalium depicts the crime of harming passersby through carelessly hurling waste out of the windows of city houses. Photo by Nathan Dorn.

    An interesting point about Damhouder’s book is that it is, almost in its entirety, a Latin translation of a pre-existing manuscript that was written by another author. The original that stands behind Praxis rerum criminalium, was a Flemish work by Philips Wielant (1441 or 1442-1520), a magistrate who served on the Council of Flanders. That book was called Corte instructie in materie criminele. (Dauchy et al., ch. 3, sect. 26.) Wielant prepared a first version of the text in 1510 and a second, augmented version, in 1515. A French version dating to 1519 also exists. (Monballyu, p. 293.) Wielant, who was a couple generations older than Damhouder, never had the book printed, and it did not appear in print until an edition of Wielant’s works was made from existing manuscripts in 1872. That publication led to the discovery that Damhouder’s book cannibalized Wielant’s text. (Dauchy et al., ch. 3, sect. 26.)

    The originality of Damhouder’s work has to do first with its publication in the Latin language, which made it far more accessible to the overall European community than the Dutch original, and secondly with the images that he added, which had something like the same effect. But we do see a flash of independence in another area, in a place in which Damhouder deviates from Wielant’s text. That is regarding the crime of witchcraft. (Monballyu, p. 299 and following.)

    Damhouder places witchcraft in the category of lèse-majesté divine, treason against God. This image from Damhouder’s 1554 Enchiridion rerum criminalium depicts blasphemous acts. Photo by Nathan Dorn.

    Where Damhouder provides a bit of original material is in his chapters on torture. (Monballyu, p. 293.) Of interest to him is that people who practice magic sometimes use magical means to avoid suffering the pain of torture. And if the torture victim suffers no pain from the ordeal, then she will not be compelled to answer the investigator’s questions. This renders the magistrates helpless to produce a confession. If this is allowed to take place, many accused will escape punishment. To avoid this, Damhouder makes a particular plea that investigators should never neglect to shave the entire body of a person accused of witchcraft. The purpose of this surprising measure is simple: one must expose to sight any place on the body of the accused where she might hide a talisman or a charm, since magical objects were often used to nullify the pain that the investigators were trying to inflict. Damhouder is especially insistent that shame and embarrassment should not prevent investigators from shaving the accused entirely. (Monballyu, p. 293.) In the French version of the book, Pratique judiciaire des causes criminelles, published in Anvers in 1564, Damhouder relates an experience he claims to have had that convinced him of the need for this precaution. The story appears in chapter 37 of the 1564 work, from paragraph 19 onward (ff. 38v.-41r.).

    This image from Damhouder’s 1554 Enchiridion rerum criminalium depicts a tribunal attempting to extract a confession from the accused by torture. Photo by Nathan Dorn.

    The story he tells took place when Damhouder resided in Bruges, a period between 1537 and 1550, during which time he was a city alderman. There was an old woman living in town who was said to be able to effect miraculous cures for people who had injuries or illnesses. In general, she was highly regarded by the public, which valued her healing skills and tended to think of her as a quite devout, even saintly, Christian, “an apostle of Christ,” in Damhouder’s telling. This reputation did not impress certain aldermen of Bruges who sought to have her investigated on grounds she might be using illicit magic to work her cures. In consequence of this, she was apprehended in the middle of the night and incarcerated with a view to questioning her. The interrogation was, at first, entirely useless, despite the investigators’ use of torture. The old woman insisted throughout that she was doing nothing at all out of line and that she was a devout Christian. In a strange episode, the mayor of Bruges, who was present, gasped several times on account of suffering a severe case of arthritis. When the woman commented on it, he offered her payment to cure him. She agreed, and when one of the men present asked what means she would use, she assured the mayor that he needed to do nothing but believe that she could heal him. These were fateful words. Upon hearing them, the men who were present warned the mayor that her answer revealed that she was not relying on God, but on some other power to effect her cures and that he should have nothing to do with it. Apostles of Christ, they said, always mention God’s name.

    What followed was a series of fruitless interrogations assisted by torture. In the third session, Damhouder tells us, she mocked her captors and even fell asleep during the questioning. At length, it was noticed that while her hair was shaved in preparation for the fourth round of questioning, that the interrogators had neglected to shave all of her body hair before continuing. When they finally did so, they discovered, hidden on her person, a small parchment on which was written strange writing and the symbol of the cross. Once it was removed from her body, she was returned to be tortured again. During that session, she confessed to relying on the aid of the devil to perform her cures. In view of her age and gender, the authorities agreed to subject her to a brief public humiliation and then to banish her from the city rather than to execute her. In time, she was arrested again, this time by magistrates in Middlebourg, a town in

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    MIL OSI USA News –

    January 25, 2025

  • MIL-OSI Europe: ASIA/PHILIPPINES – Protection of indigenous peoples: the work of the Catholic Church in the face of exploitation and expropriation

    Source: Agenzia Fides – MIL OSI

    Manila (Agenzia Fides) – In October, the month dedicated to the protection of indigenous peoples in the Philippines, the Catholic Church organized various events, meetings and local celebrations aimed at calling institutions to address the problems faced by these peoples in continuing their lives on their ancestral lands, a life threatened above all by mining exploitation.The Philippines has emerged on the international scene as a major supplier of raw materials for the global energy transition, with reserves of minerals such as nickel, a key material for electric car batteries. However, this boom and the mining concessions granted by the government in Manila to multinational companies are leading to displacement and habitat destruction among indigenous peoples, who are being deprived of their ancestral lands and their livelihoods. According to the 2023 State of Indigenous Peoples Address report published by the Legal Rights and Natural Resources Centre (LRC), land and environmental conflicts have increased by 6% in one year, with more than 70,000 additional hectares of land affected. Resource conflicts, especially those related to mining, “have a direct impact on the lives of indigenous peoples themselves. Their lives are truly at stake,” the LRC notes, explaining that between 2022 and 2023, over 45,000 indigenous people were victims of land theft in areas such as the islands of Palawan or Mindoro. Another example concerns the mountainous Cordillera region (north of Luzon island), where the Philippine government has approved 99 hydroelectric projects that are part of a broader plan to develop renewable energy sources. The projects have divided rural communities into those who believe that the dams will bring jobs and money and those who fear damage to water sources and cultural sites.The Philippines is estimated to be home to between 14 and 17 million indigenous people belonging to 110 ethnic-linguistic groups. In the various regions where they are located – such as the Cordillera (in Luzon, in the North), the Visayas (in the center of the archipelago), the Bagsamoro region (in Mindanao, in the South) – these peoples are subject to social discrimination, economic marginalization and political deprivation, phenomena that are exacerbated by mining, which deprives them of their land rights. Over the last hundred years, the Philippine government has increasingly taken away land from indigenous peoples precisely because it is rich in natural resources. The country has begun to promote the dignity and rights of these peoples, thanks in part to the educational work carried out by the Catholic Church and missionaries. Under the Indigenous Peoples’ Rights Act (IPRA), passed in 1997, indigenous peoples have ownership rights to their ancestral lands if they receive a Certificate of Ancestral Domain Title. The holder of this certificate has the power to approve or reject projects that affect the land, such as in the mining sector. However, obtaining the certificate involves a lengthy bureaucratic process that requires legal representation, and is a process that many indigenous groups have not even begun. In 2003, the government declared October as “Indigenous Peoples’ Month,” establishing a Day of Recognition for Indigenous Peoples, set for October 29, to renew the commitment to ensure fair treatment of these peoples. The Catholic Church in the Philippines, through the Episcopal Commission for Indigenous Peoples, Diocesan Groups and Religious Institutes, has undertaken to “listen to our indigenous brothers and sisters who are members of the family of God, to respond to their aspirations as members of our society” and to protect their lives. An example of this commitment is the award of the National Prize named after Saint Theresa of Calcutta to Sister Minerva Caampued for her work in favor of the indigenous peoples in the province of Cagayan, after thirty years of tireless work for the indigenous Agta community in the areas of environmental protection, health care, nutrition and educational programs. (PA) (Agenzia Fides, 30/10/2024)
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    MIL OSI Europe News –

    January 25, 2025

  • MIL-OSI Global: Nationalism is not patriotism: 3 insights from Orwell about Trump and the 2024 election

    Source: The Conversation – USA – By Mark Satta, Associate Professor of Philosophy and Law, Wayne State University

    Donald Trump hugs an American flag as he arrives at the Conservative Political Action Conference on Feb. 24, 2024, in Baltimore. Anna Moneymaker/Getty Images

    Shortly after Donald Trump was inaugurated as president of the United States in January 2017, George Orwell’s 1949 novel “Nineteen Eighty-Four” shot to the top of Amazon’s bestseller list. Apparently, lots of people thought Orwell had something relevant to say in that political moment.

    Nearly eight years later, the United States once again faces the prospect of a Trump presidency.

    In 2016, many Americans were caught off guard by Trump’s win, leading them to grapple with the potential consequences of a Trump presidency only after he was elected. But this time, more people seem to be thinking about the ramifications of such an outcome in advance.

    In my work as a professor of philosophy and law, I’ve spent a lot of time studying Orwell’s writing. I think people were correct eight years ago to conclude that Orwell could provide insight into a Trump presidency.

    Here are three such insights that I think are useful for Americans to keep in mind as they prepare to vote for their next president.

    Trump supporters clash with police and security forces as they try to storm the U.S. Capitol on Jan. 6, 2021, in Washington, D.C.
    Brent Stirton/Getty Images

    Nationalism is not patriotism

    In his 1945 essay “Notes on Nationalism,” Orwell distinguishes between the terms nationalism and patriotism.

    For Orwell, nationalism was “the habit of identifying oneself with a single nation or other unit, placing it beyond good and evil and recognizing no other duty than that of advancing its interests.”

    He was quick to point out that this was distinct from the concept of patriotism, which he defined as “devotion to a particular place and a particular way of life, which one believes to be the best in the world but has no wish to force on other people.”

    To understand Orwell’s conception of patriotism, I find it useful to consider an analogy. Many parents think that their kids are the best kids in the world. This doesn’t mean that they think there are objective metrics that could be used to rank children. Most parents recognize that there is no such thing, and they don’t go around saying other children aren’t as good as theirs. Yet there is still a real sense in which they see their own kids as the very best.

    There is something similar in the attitude of Orwell’s patriot. They may think that their country or their way of life is the best, but – and this may be the most important part – they have no wish to force their views or way of life on others.

    Not so with the nationalist. Orwell claims, “Patriotism is of its nature defensive, both militarily and culturally. Nationalism, on the other hand, is inseparable from the desire for power.” The nationalist is like a parent who goes around tearing other people’s kids down in order to lift theirs up.

    Mere love of country is not inherently dangerous. Making advancement of one’s nation or culture one’s top priority is extremely dangerous. Patriotism sticks to the former. Nationalism goes in for the latter.

    Orwell insightfully recognizes that when the nationalist makes advancement of their way of life their top priority, they inevitably end up placing that goal “beyond good and evil.” This makes the nationalist susceptible to endorsing unethical means for advancing their own way of life.

    A prime example of such a nationalist mentality was Trump’s response to losing the 2020 presidential election. He sought to subvert the election results by lying and by encouraging insurrection.

    Similarly, Trump’s supporters who stormed the Capitol on Jan. 6 were embracing a nationalist mentality. They engaged in an unethical means of trying to advance their own political agenda.

    Donald Trump does exactly what Orwell predicts the nationalist will do. He conceptualizes everything, as Orwell put it, “in terms of competitive prestige” and “his thoughts always turn on victories, defeats, triumphs and humiliations.”

    Fixation on competitive prestige is not patriotic. It’s unadulterated nationalism.

    An autocrat is easy to underestimate

    In a 1942 essay written during the middle of World War II and reflecting on his experiences as a volunteer soldier in the Spanish Civil War, Orwell wrote that “our traditions and our past security have given us a sentimental belief that it all comes right in the end and the thing you most fear never really happens,” and that “we believe half-instinctively that evil always defeats itself in the long run.”

    Orwell was worried by these optimistic instincts because he thought they ran counter to the evidence. The evidence, on the contrary, suggested that things typically don’t turn out right on their own. Rather, social improvements normally require concerted effort and vigilance against backsliding.

    In another essay from the same year, Orwell criticized various intellectuals who treated Hitler as “a figure out of comic opera, not worth taking seriously.” And he criticized many English-speaking countries for being places where it was “fashionable to believe, right up to the outbreak of war, that Hitler was an unimportant lunatic and the German tanks made of cardboard.”

    As numerous commentators and news outlets have noted, Trump routinely speaks like an autocrat.

    Yet many Americans excuse such talk, failing to treat it as the evidence of a threat to democracy that it is. This seems to me to be driven in part by the tendency Orwell identified to think that truly bad things won’t happen – at least not in one’s own country.

    Orwell thought it was worth taking the possibility of bad outcomes seriously. This is one way to understand what he was up to in his most famous books, “Animal Farm” and “Nineteen Eighty-Four.” Americans would benefit from taking potential threats to U.S. democracy seriously, too.

    George Orwell, whose writings from the middle of the 20th century have relevance in 2024.
    Ullstein Bild/Getty Images

    Nationalism can attack within

    You can read “Nineteen Eighty-Four” as Orwell’s attempt to think about what a ruling political party completely captured by nationalism might look like.

    In “Nineteen Eighty-Four,” orthodox party members in the fictional nation of Oceania are obsessed with “competitive prestige” and “the desire for power.” Activities such as the Two Minutes Hate, where party members were encouraged to scream and jeer at a video of a political opponent, prompt party members to focus their thoughts on “victories, defeats, triumphs and humiliations.”

    A notable feature of the party is how often it turns on its own members through kidnapping, torture and murder. The occurrence was so frequent in Oceania that it had a name: being “vaporized.” Nationalists are a threat not only to those outside the nation but also to those inside the nation who don’t fully support the nationalist’s pursuit of power at any cost.

    From this perspective, Trump’s threats against those whom he views as “the enemy from within” reveal his own nationalistic desire to turn on Americans who threaten his pursuit of power.

    Orwell’s writing suggests that voters should take such threats seriously.

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

    – ref. Nationalism is not patriotism: 3 insights from Orwell about Trump and the 2024 election – https://theconversation.com/nationalism-is-not-patriotism-3-insights-from-orwell-about-trump-and-the-2024-election-241883

    MIL OSI – Global Reports –

    January 25, 2025

  • MIL-OSI Global: People with blindness and low vision are squeezed by high costs of living − new research

    Source: The Conversation – USA – By Zachary Morris, Associate Professor of Social Welfare, Stony Brook University (The State University of New York)

    A young blind man prepares to board a Denver RTD light rail train in 2019. Robert Alexander/GettyImages

    Colin Wong, a blind Ph.D. student, can’t forget having to pay US$100 for an Uber when he needed to take a standardized test. There was no testing center in San Francisco, where he lived, that could accommodate his disability.

    That kind of expensive hassle isn’t unusual. It costs nearly $7,000 more per year to live in the U.S. with his disability, according to research I, a social work scholar, conducted with four experts at the American Foundation for the Blind – a nonprofit dedicated to promoting equality and inclusion for people with blindness or low vision.

    For our research, we looked at survey data from a representative sample of Americans, focusing on how people with visual impairments answered. We considered anyone who said they live with a vision disability – or said that they have a lot of trouble seeing or can’t see at all, even with glasses – as a person with low vision or blindness.

    We calculated that people with blindness or low vision spend, on average, 27% of their household income on expenses related to their disability – about $7,000 per year.

    Low-income Americans with disabilities are shouldering an even bigger burden. The people who took this survey and were earning less than $25,000 per year said they spent about 40% of their income on costs related to their disability, on average, compared with 16% for those with higher incomes.

    That leaves them with less money for other essentials such as food and housing. About 1 in 4 of the people we surveyed said they spent less on food to cover their expenses associated with their disability.

    And about 2 in 3 of the people we surveyed said they frequently go without goods and services they need, including medical care, assistive technologies and transportation to get to school or go to work.

    Why it matters

    Cost-of-living issues rank at the top of all Americans’ concerns, according to a recent Gallup survey. And people with disabilities, including those with physical or mental health conditions, tend to have more trouble making ends meet than the average person.

    That includes the roughly 7 million Americans with blindness or vision loss who are among the more than 1 in 4 people in this country with a disability.

    One reason for the higher costs of living is that people with disabilities tend to incur many other extra expenses, such as spending more on transportation, prepared foods and grocery delivery services. Others struggle to afford the prescription and over-the-counter drugs and supplements they need.

    Politicians and policymakers appear to be paying more attention to this problem, which my research team calls the “disability squeeze.” Vice President Kamala Harris, for example, announced in October 2024 a proposal to expand Medicare to cover the long-term care needs for older adults and people with disabilities.

    Denise Chamberlin and her guide dog, Ridley, emerge from a Toronto subway station.
    AP Photo/Business Wire

    What still isn’t known

    Our survey included 288 people with blindness or low vision. Studies with larger numbers of participants could greatly expand upon what’s known about this problem and what can be done about it.

    Expanding accessible public transit, making assistive technologies more affordable and increasing disability benefits might be enough for some people with disabilities to have an opportunity to thrive, but not for others.

    Future research could shed a brighter light on the cracks in the U.S. health and social welfare systems. For example, researchers could look into why people with health insurance from Medicaid or Medicare told us they had more unmet needs rather than fewer than those with coverage through private insurers. Other studies could examine how the disability squeeze affects the health and employment of people with disabilities over the long term.

    The Research Brief is a short take about interesting academic work.

    Zachary Morris’ research presented here is funded from the National Institute on Disability, Independent Living, and Rehabilitation Research, part of the U.S. Department of Health and Human Services. The contents of this survey do not necessarily represent the policy of the federal government or any government agency.

    – ref. People with blindness and low vision are squeezed by high costs of living − new research – https://theconversation.com/people-with-blindness-and-low-vision-are-squeezed-by-high-costs-of-living-new-research-241752

    MIL OSI – Global Reports –

    January 25, 2025

  • MIL-OSI Global: What the presidential candidates have done − and where they stand − on education

    Source: The Conversation – USA – By Robert Shand, Assistant Professor of Education, American University

    Donald Trump and Kamala Harris present dueling platforms for U.S. education. Getty Images

    When it comes to education policy, former President Donald Trump and Vice President Kamala Harris not only have mostly distinct visions but also distinct track records.

    Harris is calling for a wider role for the federal government and larger investment to improve educational opportunities. Trump is focused on reducing the federal role in education and relying upon states, localities and parents to make educational decisions and investments.

    At the same time, there are some commonalities, including the growing importance of career and technical education. What follows is a review of what the two candidates have done in the world of education while in office.

    On higher education

    The candidates share a concern about the high cost of higher education. But they have different visions for how to address those costs. As California’s attorney general, Harris secured a US$1.1 billion judgment against Corinthian Colleges for false advertising. The judgment provides refunds for students who were misled by claims about job placement rates, program offerings and military affiliations.

    Whereas Harris has pursued for-profit colleges for fraud, Trump has focused on promoting innovation by reducing regulation and expanding alternatives to traditional higher education. This includes making it easier for online, faith-based and for-profit institutions to be accredited.

    As part of the Biden administration, Harris has pursued student loan debt forgiveness. She has also strongly signaled her support for expanding access to the Public Service Loan Forgiveness program. This follows her having co-sponsored legislation for debt-free college as a United States senator.

    The administration has faced challenges to the constitutionality of the loan forgiveness initiative on the grounds that the president does not have the authority under present law to unilaterally cancel debt. Opponents have also said any debt forgiveness would have to be authorized by Congress. Critics say further that loan forgiveness does not address the root causes of rising costs of higher education. Loan forgiveness could cause further price increases if institutions thought that students would care less about the cost of college in anticipation of having their debt forgiven.

    Trump created two entities to advise the federal government on workforce development and training needs: a council of federal officials and an advisory board of business leaders.

    In 2019, Trump signed a bipartisan bill to make permanent $250 million in annual federal funding for Historically Black Colleges and Universities, or HBCUs, that was previously subject to annual renewal.

    Harris has called for reducing degree requirements for federal jobs. She also promoted job training programs as an alternative to incarceration in her Back on Track initiative as attorney general of California from 2011 to 2017.

    As attorney general and then a U.S. senator from California, she called for greater oversight of advertising by for-profit colleges and debt forgiveness for former students of for-profit colleges. She also supported expanding federal aid to public and nonprofit colleges, including free community colleges and large grants to HBCUs.

    On K-12 education

    The 2024 Trump campaign platform calls for sweeping changes to K-12 education policy. This includes universal school choice and more parental control over schools, which would entail allowing parents across the country to use educational funds to pay for private school through vouchers or tax credits if they chose. It also features a drastically reduced federal role in education. In fact, Trump wants to eliminate the U.S. Department of Education. Many of these plans, such as direct election of school principals by parents, are unlikely to come to fruition due to the fact that schools in the United States are mainly under state and local control.

    Under the Tax Cuts and Jobs Act of 2017, Trump expanded college savings 529 plans to allow parents to save up to $10,000 per year tax-free for K-12 private school tuition.

    While president, Trump made several other proposals that could foreshadow his future plans. These proposals include creating a $5 billion federal tax credit for private school tuition, cutting the budget for the U.S. Department of Education in annual budget requests and turning the Title I allocation for supplemental services for students in poverty, such as smaller classes or tutoring, into a block grant to states.

    The Biden administration has sought to expand federal funding for full-service community schools.
    Full-service community schools are public schools that receive additional funding and staffing to help address the academic needs of students as well as factors outside of school, such as access to health care and healthy food, that affect learning.

    The Biden administration also expanded Title IX gender discrimination protections to include sexual orientation and gender identity.

    As a candidate for the presidential nomination in 2019, Vice President Harris also called for federal funding to provide teachers with an average of a $13,500 raise, though she has not made a similar call in this campaign.

    As California attorney general, Harris made reducing chronic absenteeism a signature issue when she led the In School and On Track anti-truancy initiative. This initiative included additional funding to districts and schools to use data to better understand and monitor absenteeism and to communicate with parents about the importance of school attendance.

    The data and communication-focused approach was an evolution from her initial approach as San Francisco district attorney, which placed more emphasis on prosecuting parents for truancy.

    On early childhood learning

    Neither Trump nor Harris has a significant record of tangible actions when it comes to early childhood education. Project 2025, which Trump has disavowed but was written by close allies of the former president, calls for eliminating Head Start, a federally funded, locally run, early childhood learning program to support low-income families.

    Although Trump made several similar proposals to cut funding for the Child Care and Development Block Grant by about 5%, they were not passed into law by Congress.

    Harris has made calls for free, universal prekindergarten for all 4-year-olds, but the Biden administration was not able to get its early childhood proposals through Congress.

    More recent studies of some universal pre-K programs have raised questions about how long the academic gains from early childhood programs persist. On net, however, the evidence from the highest-quality studies for high-quality early childhood programs in general, and the Head Start program in particular, suggests that they improve cognitive skills among children.

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

    – ref. What the presidential candidates have done − and where they stand − on education – https://theconversation.com/what-the-presidential-candidates-have-done-and-where-they-stand-on-education-239555

    MIL OSI – Global Reports –

    January 25, 2025

  • MIL-OSI Global: Scholar’s new rap album seeks to turn the tables on the ‘masters’ from the Old South

    Source: The Conversation – USA – By A.D. Carson, Associate Professor of Hip-Hop, University of Virginia

    Could the path to the Ph.D. run through the recording studio? Ratchapon Supprasert via iStock / Getty Images Plus

    Usually when a rap artist comes out with a new album, it’s released by a record label as part of their career as an entertainer. For Dr. A.D. Carson, a professor of hip-hop at the University of Virginia, his latest album – “Owning My Masters (Mastered): The Rhetorics of Rhymes & Revolutions” – represents a capstone in his academic career.

    Published and released in October 2024 by University of Michigan Press, the album and digital archive features two volumes of hip-hop music, an annotated timeline, several videos and a digital book. The album – originally submitted to Clemson University in South Carolina as Carson’s doctoral dissertation – has been mastered. In the following interview with The Conversation U.S., Carson explains the significance of the project and what it means for hip-hop in the world of academe.

    ‘Owning My Masters’ seems like a deep play on words. Is it?

    Yes. The Latin word “magister” was used to describe a master or teacher in ancient Rome. I earned a master’s degree before enrolling in my doctoral program, so I own that. People probably know that the final step in the process of composing an album is called mastering. In that process, a master version of the recording is created. This is what gets duplicated and released on streaming services, vinyl or whatever way you receive music.

    It’s not always guaranteed that an artist owns the rights to those recordings, but I own all of my music.

    Also, the album was written in South Carolina at Clemson University, which is located on a former plantation owned by the slaveholding U.S. politician John C. Calhoun. Buildings there are named for people who had owned, enslaved and trafficked people; fought in the Civil War to preserve the right to traffic people; and lynched Black people. Earning a terminal degree from a place with that kind of reprehensible history seemed like a way to figuratively own those so-called slave masters and so-called masters and teachers.

    Who is your audience for this album?

    I’m always thinking about multiple audiences. For lovers of hip-hop, the album demonstrates the power and promise I feel listening to albums that have influenced me. For academics, I believe it is the future of research. Academic credentials have been used by folks to perpetuate the idea that expertise looks and sounds a certain way, and this project infiltrates that system to disprove that idea.

    If you’re interested in learning about hip-hop, academia and how arguments are made, the album can be instructive, challenging, entertaining and educational.

    The album had to pass through a doctoral dissertation defense committee and then academic peer review. But before then, I posted drafts on SoundCloud to get feedback from regular folks who use that site to listen to new music.

    What kind of themes does the album address?

    My Ph.D. is in rhetorics, communication and information designs, so it’s also about rap rhetorics – including emphasis on the local and how hip-hop can preserve information like histories and counter-histories.

    Since I had moved to Clemson, and was feeling anxiety about leaving home in Illinois, I wrote “Dissertation (Part 1: The Introduction)” early on in the process. And because I lived in that South Carolina college town, “See the Stripes” is a song about Clemson’s history and its present. The song and its video moved through Clemson’s communities, but then, as protests were happening on campuses across the world, it found national and global audiences with whom the subject matter resonates. When students were finally able to get Calhoun’s name removed from the honors college in 2020, they acknowledged their work was continuing efforts since “See the Stripes.”

    More generally, the album is about form and content. With its form, it demonstrates knowledge production using hip-hop creative and compositional practice. The contents interrogate ideas of home, history, historical imagination, citizenship, political contradictions, race and humanness.

    The album is presented in chronological order from the time I arrived on campus in 2013 until I finished my coursework and submitted the 34-song project to my dissertation committee.

    Owning My Masters (Mastered) Vol. One by A.D. Carson

    Owning My Masters (Mastered) Vol. Two by A.D. Carson

    How would you measure its success?

    I would say earning a Ph.D., earning tenure and having the album count as my academic work qualify as success. Those are things that sound kind of selfish, but I think are incredibly significant for hip-hop and for the ways we think about expertise and success in the culture.

    To me, success is being able to make a living creating challenging and thought-provoking music that doesn’t have to abide by traditional notions of success like sales charts or commercial music awards. I also measure success by the inquiries and applications of students who want to do similar kinds of critical thinking and making. When those people are able to launch and sustain careers, that’s a measure of success in my eyes as well.

    Why haven’t we seen more albums in academia?

    Change in academia comes at a glacial pace, it seems.

    Audiences associate expertise, especially regarding subjects that are considered academic, with how people have demonstrated their understanding of the matters in writing, like traditional theses, dissertations, books and essays. I believe this is connected to the histories in the U.S. that link credibility with formal education and literacy. This is difficult to separate from the history of Black folks being legally prohibited from learning to read.

    While music has long been one of the ways information is recorded and passed from one generation to the next, in my experience, music itself is still not taken as seriously as a form of scholarship as writing books or essays about music.

    These previously excluded forms of scholarship can change the ways people regard academia. In my mind, music sits alongside other scholarly forms that emphasize academic prose. I believe universities should make space and resources available for students to explore it the same way. More generally, I think citing more albums as scholarship – the same way journal articles and academic monographs are cited – would also be transformative.

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

    – ref. Scholar’s new rap album seeks to turn the tables on the ‘masters’ from the Old South – https://theconversation.com/scholars-new-rap-album-seeks-to-turn-the-tables-on-the-masters-from-the-old-south-241895

    MIL OSI – Global Reports –

    January 25, 2025

  • MIL-OSI Global: The ‘Courage Tour’ is attempting to get Christians to vote for Trump − and focused on defeating ‘demons’

    Source: The Conversation – USA – By Michael E. Heyes, Associate Professor and Chair of Religion, Lycoming College

    Evangelist Lance Wallnau addresses people at the ‘Courage Tour’ rally. Michael E. Heyes, CC BY

    As a scholar of religion, I attended the “Courage Tour,” a series of religious-political rallies, when it made a stop in Monroeville, Pennsylvania, from Sept. 27-28, 2024.

    From what I observed, the various speakers on the tour used conservative talking points – such as the threat of communism and LGBTQ+ “ideologies” taking over education – and gave them a demonic twist. They told people that diabolical forces had overtaken America, and they needed to expel them by ensuring Donald Trump was elected.

    The tour is attempting to get those Christians to vote for Trump. The tour has moved through several battleground states such as Arizona, Michigan and Georgia, drawing several thousand people at every site.

    The tour is not only focused on defeating Democrats but also on defeating demons. The idea that demons exert a hold over the material world is a key feature of the New Apostolic Reformation, or NAR, worldview. The NAR is a loose group of like-minded charismatic Christian churches and religious leaders – sometimes termed “prophets” – who want to see Christians dominate all walks of life.

    As someone who recently finished a book on the intersection of demons and politics, “Demons in the USA: From the Anti-Spiritualists to QAnon,” I was eager to see this combination for myself. I believe it would be a mistake to think that the New Apostolic Reformation is a fringe group with no real influence.

    The influence and reach

    The group has an associated nonprofit organization known as Ziklag – named for a town in the Hebrew Bible that is an important site associated with David’s kingship – with deep pockets for the movement’s goals. A ProPublica investigation found that the group had already spent US$12 million “to mobilize Republican-leaning voters and purge more than a million people from the rolls in key swing states, aiming to tilt the 2024 election in favor of former President Donald Trump.”

    The Southern Poverty Law Center calls the New Apostolic Reformation “the greatest threat to U.S. democracy that you have never heard of.”

    The diffuse nature of NAR membership and its rapid growth make it difficult to gauge followers: Estimates have placed the number of NAR adherents between 3 million and 33 million, but individuals who may not label themselves as part of the NAR might nevertheless agree with the group’s theology.

    Moreover, Republican vice presidential nominee JD Vance’s presence at the meeting I attended is also a tacit and significant endorsement for this group.

    The ‘Seven Mountain Mandate’

    According to NAR’s theology, there are “seven mountains” that govern areas of worldly influence, and Christians are destined to occupy all of them. These mountains are religion, government, family, education, media, entertainment and business.

    Known as the “Seven Mountain Mandate,” this “prophecy” first rose to prominence in 2013 with the publication of “Invading Babylon: The 7 Mountain Mandate,” written by Bill Johnson, lead pastor of Bethel Church in Redding, California, and member of the NAR, and Lance Wallnau, NAR prophet and one of the founders of the Courage Tour. In the book, the Seven Mountain Mandate is trumpeted as a message received directly from God.

    The NAR perceives the majority of these mountains as currently occupied by diabolical spiritual forces. To counter these forces, the NAR engages in “spiritual warfare,” which are acts of Christian prayer that are used to defeat or drive out demons.

    As religion scholar Sean McCloud writes, these prayers can be taken from “handbooks, workshops and hands-on participation in deliverance sessions.” Deliverance sessions involve diagnosing and expelling demons from an individual.

    Alternatively, it is not uncommon for pastors to incorporate spiritual warfare into church services. For example, in a much-reported sermon, Paula White-Cain, the former spiritual adviser to Trump, commanded all “satanic pregnancies to miscarry.” In the sermon’s context, satanic pregnancies were not literal pregnancies. Instead, White-Cain was praying for the failure of satanic plots “conceived” by the devil.

    In NAR theology, all Christians are embattled by demons, and spiritual warfare is a necessary part of life. As scholar of religion André Gagné writes, the NAR sees spiritual warfare as happening on three “levels.”

    The ground level occurs in a case of individual exorcism or deliverance, a kind of “one-on-one” battle with demons. The second level is the occult level, in which believers seek to counter what they believe to be demonic movements such as shamanism and New Age thought. Finally, there is the strategic level in which the movement does battle with powerful spirits whom they believe control geographic areas at the behest of Satan.

    Friday night on the Courage Tour.

    The Courage Tour

    The Courage Tour is part of a strategic-level act of spiritual warfare: Stumping for Trump is really about exerting Christian influence over the “government mountain” that followers of the NAR believe to be occupied by the devil.

    According to the speakers on the tour, America is in trouble: It is currently being run by “the Left,” or Democrats, a group that is slowly pushing the U.S. toward communism, a system of government in which private property ceases to exist and the means of production are communally owned.

    It claims that the Left wants to see this shift occur because it is populated by “cultural Marxists.” This is part of a far-right conspiracy theory that suggests all progressive political movements are indebted to the ideas of Karl Marx, whose Communist Manifesto is most closely associated with communism.

    In more extreme forms of communism, nation-states disappear – an idea reflected in speakers’ frequent criticism of “globalism,” which was generally defined as a single, worldwide governmental structure. The group rejects globalism on the grounds that God instituted nation-states as a divinely ordained form of government.

    Wallnau described globalism as a sign of the beast and the end of days, and claimed that “the intent of that Marxist element in our country is to collapse our borders.”

    Promotional sign on the Courage Tour for My Faith Votes, an organization that encourages voters to vote biblically.
    Michael E. Heyes, CC BY

    Demonizing queerness

    The speakers further claimed that this demonic Marxism was perverting the educational system in the United States. For example, numerous speakers criticized schools for supposedly indoctrinating or “evangelizing” children with “LGBTQ ideologies.”

    Wallnau even suggested that the “trans movement” began “in the days of Noah” when the fallen angels of Genesis 6 married human women and had hybrid children. This echoes a discussion Wallnau and Rick Renner had on the “Lance Wallnau Show,” linking such “ideologies” to fallen angels and the Apocalypse.

    This negative view of nontraditional gender and sexual orientations is a long-lived feature of the group. John Weaver, a scholar of religion, notes in his book “The New Apostolic Reformation” that the group’s ideas are indebted to conservative theologian Rousas John Rushdoony, who supported the death penalty for homosexuals.

    Likewise, religion scholar Damon T. Berry writes that members of the movement believe that “demonic spirits” are “acting to subvert the will of God through aspects of culture like the toleration of homosexuality, abortion, addiction, poverty and political correctness.”

    Wallnau encouraged the audience on the Courage Tour to “fight for your families because I don’t want to leave behind a demonic train wreck for my children.”

    As hard as it is to believe, one of the most important questions of the election might well be – how many Americans believe in demons?

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

    – ref. The ‘Courage Tour’ is attempting to get Christians to vote for Trump − and focused on defeating ‘demons’ – https://theconversation.com/the-courage-tour-is-attempting-to-get-christians-to-vote-for-trump-and-focused-on-defeating-demons-241335

    MIL OSI – Global Reports –

    January 25, 2025

  • MIL-OSI Global: Why vote for Harris or Trump? A cheat sheet on the candidates’ records, why their supporters like them and why picking one or the other makes sense

    Source: The Conversation – USA – By Amy Lieberman, Politics + Society Editor, The Conversation

    Voters cast their ballots in Dearborn, Mich., on Oct. 29, 2024. Bill Pugliano/Getty Images

    If you are still undecided and mulling your pick for president, there are clear differences between Republican presidential nominee Donald Trump and Democratic presidential nominee Kamala Harris that are important to understand.

    The Conversation has published stories from more than a dozen scholars looking at the records of the two candidates.

    We had an anthropologist provide our readers with a window into why both Trump and Harris supporters favor their presidential pick.

    And we have also looked at why, even if you don’t like either candidate, it still doesn’t make sense to sit out the election.

    Here is a roundup of stories to help you evaluate the candidates:

    Kamala Harris and running mate Tim Walz campaign in Ann Arbor, Mich., on Oct. 28, 2024.
    Tom Williams/CQ-Roll Call, Inc via Getty Images

    Harris’ and Trump’s records

    It’s no surprise that Harris and Trump have contrasting records on policy issues like LGBTQ+ rights and gun violence. The differences don’t stop there.

    While Harris has consistently supported protecting and expanding abortion rights, Trump took actions while president that made it harder for people to get an abortion, explains legal scholar Rachel Rebouché.

    And while Harris has consistently opposed the death penalty, Trump has supported it, explains political science scholar Austin Sarat.

    In other cases, their differences are not as clear-cut. Both candidates have supported restricting immigration to the U.S., writes immigration scholar William McCorkle. And both of them tried to lower drug prices, writes pharmacy practice scholar C. Michael White.

    Here are some stories to explain the candidates’ records on other issues: education, space policy, the Ukraine war, artificial intelligence, science research funding, clean energy, drug prices, health care, oil and gas production, foreign policy and labor.

    Donald Trump and running mate JD Vance appear at a 9/11 memorial event in New York City on Sept. 11, 2024.
    Michael M. Santiago/Getty Images

    Why people like Trump and Harris

    Alex Hinton, an anthropologist who researches both the far right and political polarization in the U.S., helped answer why, after all of the controversies and alleged wrongdoing, people still support Trump.

    “Many people have thoughtful reasons for voting for Trump, even if their reasoning – as is also true for those on the left – is often inflamed by populist polarizers and media platforms,” Hinton writes.

    There are a few central factors that keep Trump’s supporters loyal. These include the fact that some people recall – whether accurately or not – having more money when Trump was president, and that the economy seemed better. They are upset about immigration. And some supporters like his outlandish persona.

    And then there’s the other side to understand: Why people are voting for Harris. Hinton explained that many people deeply dislike and distrust Trump, as well as the extreme direction they think he can take the country.

    “In contrast, they contend that Harris combines steady leadership with a message of change, calm, honesty and hope for a better future,” he writes.

    Harris’ support of abortion rights and health care, as well as her commitment to international alliances and bipartisan governing, are other reasons people want her as their president.

    “Some voters also support Harris because they see her as a candidate of change,” Hinton writes. After Harris replaced President Joe Biden as the Democratic presidential nominee, “voters across a range of demographics were immediately galvanized by her relative youth, biracial identity, articulateness and positive message of change and possibility, as opposed to fear.”

    A woman drops off her ballot in Norwalk, Calif., on Oct. 28, 2024.
    Frederic J. Brown/AFP via Getty Images

    Why it still makes sense to vote

    It’s possible that none of this information resonates with undecided voters and that they are considering backing a third-party candidate instead, or not voting at all.

    But the logic that an individual vote won’t matter anyway is not accurate, according to behavioral economics scholar Daniel F. Stone.

    Every single vote matters, especially in an election like this one that is incredibly close in all of the important swing states, Stone says. This matters if the difference between Harris and Trump is just 5,000 votes in a state like Pennsylvania, for example.

    “So, if the 10,000 unhappy voters do vote for one of the two major-party candidates, they can swing the election,” Stone writes.

    Even if someone boycotts an election and doesn’t support either of the two viable candidates, “One of them is going to win whether you like it or not,” Stone writes.

    .

    – ref. Why vote for Harris or Trump? A cheat sheet on the candidates’ records, why their supporters like them and why picking one or the other makes sense – https://theconversation.com/why-vote-for-harris-or-trump-a-cheat-sheet-on-the-candidates-records-why-their-supporters-like-them-and-why-picking-one-or-the-other-makes-sense-242437

    MIL OSI – Global Reports –

    January 25, 2025

  • MIL-OSI USA: Statement from President Joe  Biden on Third Quarter 2024  GDP

    US Senate News:

    Source: The White House
    Today’s GDP report shows how far we’ve come since I took office—from the worst economic crisis since the Great Depression to the strongest economy in the world. Since I took office, the economy has grown 12.6%, we’ve had the lowest average unemployment in 50 years, nearly 16 million jobs have been created, and incomes have risen $4,000 more than inflation. While critics thought we’d need a recession to lower inflation, instead we’ve grown around 3% a year on average, while inflation has fallen to the level right before the pandemic.
    We need to keep building on this progress. Instead, Congressional Republicans are proposing across-the-board tariffs that would cost families nearly $4,000 a year, reignite inflation, and kill hundreds of thousands of jobs. The Vice President and I are fighting to lower costs on everyday goods—from housing and groceries to health care and child care—while Republicans fight for more tax breaks for the wealthy and large corporations. The best way to grow the economy is from the middle out and the bottom up, not the top down.

    MIL OSI USA News –

    January 25, 2025

  • MIL-OSI USA News: Statement from President Joe  Biden on Third Quarter 2024  GDP

    Source: The White House

    Today’s GDP report shows how far we’ve come since I took office—from the worst economic crisis since the Great Depression to the strongest economy in the world. Since I took office, the economy has grown 12.6%, we’ve had the lowest average unemployment in 50 years, nearly 16 million jobs have been created, and incomes have risen $4,000 more than inflation. While critics thought we’d need a recession to lower inflation, instead we’ve grown around 3% a year on average, while inflation has fallen to the level right before the pandemic.

    We need to keep building on this progress. Instead, Congressional Republicans are proposing across-the-board tariffs that would cost families nearly $4,000 a year, reignite inflation, and kill hundreds of thousands of jobs. The Vice President and I are fighting to lower costs on everyday goods—from housing and groceries to health care and child care—while Republicans fight for more tax breaks for the wealthy and large corporations. The best way to grow the economy is from the middle out and the bottom up, not the top down.

    ###

    MIL OSI USA News –

    January 25, 2025

  • MIL-OSI Canada: Ministerial statement on the Investment Canada Act review of Cleveland-Cliffs acquisition of Stelco

    Source: Government of Canada News

    Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, made the following statement:

    October 30, 2024 – Ottawa, Ontario 

    Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, made the following statement:

    “Foreign investment encourages economic growth, innovation, and employment opportunities in Canada. At the same time, the Government of Canada has a responsibility to make sure the most significant foreign investments will benefit Canadians. 

    “On July 15, 2024, Stelco Holdings Inc. and Cleveland-Cliffs announced an agreement pursuant to which Cleveland-Cliffs would acquire all of the outstanding shares of Stelco.  

    “Following an extensive review under the Investment Canada Act, yesterday, I approved the investment. This approval is contingent on a significant package of binding, five-year-long undertakings to support Cleveland-Cliffs’ net benefit case which it provided as part of the review process, including:

    • To respect Stelco’s historic brand by carrying on operations under the name, “Stelco, a Cleveland-Cliffs Company”;
    • To maintain Stelco’s head office in Hamilton, with responsibility for Stelco’s day-to-day operations;
    • To continue to employ at least the same number of unionized employees and the vast majority of non-unionized employees as were employed when the transaction was announced;
    • To honour all existing collective bargaining agreements and Stelco’s employee benefit and pension commitments;
    • To make significant capital and research and development expenditures in support of Stelco’s operations; and
    • To ensure Stelco’s Scope 1 and Scope 2 greenhouse gas emission intensity do not increase and continue to be at least 25 percent below the global average for integrated steel mills.

    “While Canada welcomes foreign investment, the Government is committed to considering all factors laid out in the Investment Canada Act when reviewing transactions to ensure they are beneficial to Canadian workers and Canada’s economic interests.”

    Media Relations
    Innovation, Science and Economic Development Canada
    media@ised-isde.gc.ca

    MIL OSI Canada News –

    January 25, 2025
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