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Category: housing

  • MIL-OSI Asia-Pac: Speech by FS at welcome dinner for Standard Chartered Private Bank Global Family Network 2024

    Source: Hong Kong Government special administrative region

         Following is the speech by the Financial Secretary, Mr Paul Chan, at the welcome dinner for the Standard Chartered Private Bank Global Family Network 2024 today (October 15):Bill (Group Chief Executive, Standard Chartered, Mr Bill Winters), Ben (President, International, Standard Chartered, Mr Benjamin Hung), Mary (Chief Executive Officer, Hong Kong and Greater China & North Asia, Standard Chartered, Ms Mary Huen), distinguished guests, ladies and gentlemen,     Good evening. I am very pleased to join you all at this welcome dinner for Standard Chartered’s inaugural flagship Global Family Network Forum, bringing together influential families from across Asia, the Middle East and Europe.     First of all, I wish to extend our warmest welcome to you all to Hong Kong. You’ve chosen a wonderful time to visit, with the perfect autumn weather gracing our city. International asset and wealth management hub     Hong Kong is Asia’s leading international financial centre and asset and wealth management hub. Just now, Mary has already given you a good idea of the scale of assets under management and the number of family offices in this city. Let me supplement that many asset and wealth management firms are expanding their presence in Hong Kong. They include, of course, Standard Chartered. And no less optimistic are other prominent firms like UBS. Its Chief Executive commented in June this year that Hong Kong might well become the world’s first in the asset management business by 2027.      A world of ultra-high-net-worth families and individuals have gathered in Hong Kong for a good reason. For you can place your wealth, here for good. Unique strengths under “one country, two systems”      Hong Kong, after all, has very strong fundamentals. Our unique strength is the “one country, two systems” arrangement. While being part of China, we preserve all the defining characteristics that make this city unique: practising common law with a judiciary exercising powers independently; maintaining free flow of capital, goods, people and information; a low and simple tax system, and a currency pegged to the US dollar.     As President Xi Jinping made clear on various occasions, this arrangement is here to stay for the long term.Staunch support from the country      Indeed, Hong Kong always enjoys staunch support from the Central Government. Over the years, the central authorities have rolled out highly favourable policies that benefit the city’s progress and advancement. This is well illustrated in our financial market development. In April this year, for instance, the CSRC (China Securities Regulatory Commission) announced a series of measures to boost Hong Kong’s capital market. That included injecting more liquidity into the Southbound Connect with Hong Kong, and supporting leading Mainland enterprises to list on our stock exchange. Now, over 100 such companies are in the queue for listing in Hong Kong. Diverse investment offerings and opportunities      Above all, the prime value proposition of Hong Kong for family offices is the diverse array of investment offerings and opportunities we offer.      Speaking of our stock market, it is home to over 2 600 companies with a capitalisation of over US$4.6 trillion. Over the years, we have engaged in listing reforms, facilitating such companies from the new economy, biotech and hard-tech sectors to list on our stock exchange, and thus enlarging our pool of quality issuers.      No less vibrant is the bond market. Hong Kong ranked first in the world for 16 years in terms of international bond issuance arranged by Asian institutions. Last year, around US$90 billion of such bonds were issued, accounting for about a quarter of the market. We are also the hub for Renminbi bonds, including sovereign bonds issued by the central authorities as well as those by provincial and municipal governments.     Hong Kong offers a wide range of financial products that suit impact investors. For example, as Asia’s leading green finance hub, we have on average issued over US$63 billion in green bonds and debt annually over the past three years, accounting for more than one-third of Asia’s total. Over 230 ESG (environmental, social and governance) funds have been authorised by our Securities and Futures Commission, managing approximately US$170 billion in assets.      A rich array of investment products and professional services are underpinning a burgeoning ecosystem for families and their offices here in Hong Kong. The Government has rolled out a package of policies, including tax concessions to family-owned investment holding vehicles managed by single family offices in the city. This year, we have also established a Network of Family Office Service Providers comprising private banks, accounting and legal firms, trusts and other professional service firms, forming a strong nexus that cater to your needs. Recent rally in our stock market     Speaking of investment, you may have noticed the recent rally in our stock market since the central authorities announced a stimulus package to inject liquidity to the banking sector and to provide more support to the real estate sector. Over this period, we have seen strong net buys from American and European investors, and they constituted some 85 per cent of the buy side by value. In terms of the background of those investors, 90 per cent of them are long-term fund managers and investment banks.     In January this year, when I visited Davos to attend the World Economic Forum, I met some investors and fund managers. The message I got from them then was clear – despite geo-economic fragmentation, the world of international investors remained interested in the opportunities of the Mainland market. They have long been waiting for the right time to invest here. Now, they are seeing the opportunity.      And beyond investors from the US and Europe, there is growing interest from our Middle East friends. For example, later this month, two ETFs (exchange-traded funds) will be listed on the Saudi Exchange for investing in our stock market. Making a lasting impact with Hong Kong      Ladies and gentlemen, most if not all, family offices aim for more than just financial returns. They care about the collective good of our society and the planet.      To promote and support philanthropy endeavours, the annual Wealth for Good Summit held in Hong Kong since last year successfully brought together influential family office owners and decision-makers to explore strategies for effective philanthropy and wealth legacy. We will soon launch an “Impact Link” platform to foster the connection between family offices and high-potential, high-social impact philanthropy programmes.     There is also one important dimension of impact investing that I should not miss: innovation and technology. We are home to a vibrant, energetic and promising innovation circle, with many innovators from around the world who gather in Hong Kong, acting to change the world for the better, in AI (artificial intelligence), biotech, green tech, and many more areas. Many of these start-ups are based in our two innovation flagships, the Science Park and Cyberport. They have a global vision, and present valuable opportunities for investment. For instance, one start-up from Science Park has developed geospatial and sensory technologies for precision farming, helping farmers around the world to increase crop yield. Another start-up has developed 3D-printed reef tiles to help restore coral reefs and thus increase regional carbon sequestration capacity. The firm has now expanded to the Middle East.Closing remarks     Ladies and gentlemen, in a nutshell, Hong Kong is where you can conserve and grow your wealth across generations. I believe the speakers at the forum tomorrow will further enlighten us with their valuable insights.      For now, please enjoy this good evening, and I wish you all a rewarding event tomorrow and an enjoyable experience in Hong Kong. Thank you very much. 

    MIL OSI Asia Pacific News –

    January 23, 2025

  • MIL-OSI Africa: GITEX Editions makes its debut to redefine global power tech domination

    Source: Africa Press Organisation – English (2) – Report:

    DUBAI, United Arab Emirates, October 15, 2024/APO Group/ —

    The all-new GITEX Editions got underway on the opening day of GITEX GLOBAL (www.GITEX.com) as discussions focused on accelerating the growth of global late-stage advanced tech companies.

    The latest addition to the packed schedule comes at a vital time where statistics (https://apo-opa.co/3Ab4gaZ) showed there were more than 1,000 unicorns around the world in 2023. This week’s showcase will help support the next development while bringing together 59 top global unicorns with a combined valuation of $400 billion. The impressive list to have gathered includes Axelera, DeepL Synthesis AI, and Insilico Medicine.

    In one of the sessions, the Founder and CEO of digital health unicorn Insilico Medicine, Dr. Alex Zhavoronkov joined Tamer Elhamy, Chief Partner Officer of Microsoft Middle East to discuss the importance of Merger and Acquisitions (M&A) and how AI companies are making their foundational models work smarter for enterprises.

    The audience heard that the Middle East region is leading the way with digitalisation with more than 300 deals related to M&A completed in the first half of 2024 with half of those led by the UAE.

    Scaling GCC business globally

    The staging of GITEX Editions aligns with Dubai’s ambition to be the home of 30 startup unicorns by 2030 as the emirate continues to transform itself from a regional to a global entrepreneurship hub and support its digital ambitions. Today, Dubai is embarking on its journey with 40% of MENA’s scaleups already based in the emirate (https://apo-opa.co/3Y7Y3EF).

    To help nurture the growth of tomorrow’s giants in the GCC region, Harrison Lung, Group Chief Strategy Officer of e& was joined by Tanuja Randery, Managing Director, Europe, Middle East and Africa of Amazon Web Services (AWS) in an insightful session that focused on the importance of collaboration.

    Harrison Lung explained the importance of joining hands to forge stronger alliances. He said: “For us, it’s more about a transformation towards a global technology company. In the areas of partnering, the idea is to develop a win-win proposition and solving the needs of customers.”

    With the region growing rapidly, Tanuja Randery said there is no better time than now for companies to enter the market and agrees collaboration is crucial. She said: “This region is so attractive in terms of the growth potential. I read a stat that showed that almost 70 per cent of businesses in the Middle East want to move most of their operations to the Cloud in two years’ time and this could unlock USD $733 billion of economic value by 2033. To make Cloud make accessible, we need partners and alliances.”

    Driving investments for startups

    Funding is a key pillar to drive growth – both in the long and short-term but can be often challenging. Steven Hoffman, Venture Investor, Author; and Chairman & CEO of Founders Space, gave key advice on how startups should adopt a vertical growth strategy for the future.

    He said: “There is a lot of money going into AI but most of that is going into a handful of companies which are dominating the market and this is impacting the growth of startups. As such, a lot of money is now going into vertical AI where the specialist area is only on one focus such as healthcare or hospitality and this is centred around this business model and adding AI on top of this.”

    In another session, Kai Zenner, Head of Office & Digital Policy Advisor of EU Parliament and Dr. Agostino Ghiglia, Board Member of the Italian Data Protection Authority took part in a broader discussion on the AI EU Act and its global implications for the next generation of AI-driven unicorns.  

    Taking place at Dubai World Trade Centre (DWTC) until 18 October, GITEX GLOBAL presents its biggest, most international edition in its 44th year, welcoming over 6,500 exhibitors, 1,800 startups, 1,200 investors alongside governments from more than 180 countries.

    GITEX GLOBAL is seamlessly connecting the world’s largest network of tech events. Today, major events such as GITEX EUROPE Berlin, GITEX ASIA Singapore, GITEX AFRICA Morocco, and GITEX NIGERIA are under its umbrella with all fostering collaboration and driving innovation to shape the tech landscape of tomorrow.

    MIL OSI Africa –

    January 23, 2025

  • MIL-OSI NGOs: Israel/ OPT: Israel must rescind latest ‘evacuation’ orders for North Gaza and allow immediate, unhindered humanitarian access

    Source: Amnesty International –

    Israeli authorities must rescind the cruel and unlawful “evacuation” orders – Israel’s euphemism for forced displacement –   issued over the past week to residents of the North Gaza governorate and immediately allow the unhindered entry of essential supplies, including food and fuel to the area, said Amnesty International, as fears grow for the fate of civilians trapped under siege.

    In recent days, the civilian death toll across the occupied Gaza Strip has continued to mount and horrifying scenes have emerged following deadly Israeli air strikes, particularly in the North Gaza governorate. Civilians have had to endure relentless Israeli bombardment and shelling, without access to basic supplies critical for the survival of the civilian population, including food and clean water. 

    It has been nine months since the ICJ warned the risk of genocide in Gaza is real yet Israeli authorities continue to violate the provisional measures ordered by the court.

    Heba Morayef, Amnesty International

    The latest “evacuation” orders issued by the Israeli military to cities and camps across the North Gaza governorate on 7, 10 and 12 October and the tightened siege on the area are a terrifying escalation of the long list of horrors inflicted on people living in the area north of Wadi Gaza since October 2023. 

     “The Israeli military has intensified its efforts to forcibly displace the entirety of the civilian population in the area north of Wadi Gaza to the south, starting with the North Gaza governorate, forcing civilians to choose between starvation or displacement, while their homes and streets are relentlessly pounded by bombs and shells,” said Heba Morayef, Middle East and North Africa’s Regional Director at Amnesty International. 

    “The world must stop standing by while Israel uses siege, starvation and atrocity crimes to forcibly displace and destroy civilians and civilian life.  These orders must be rescinded and there must be an immediate ceasefire by all parties to halt the avalanche of suffering that has been engulfing civilians in Gaza for over a year.”

    A year ago, on 12 October 2023, an estimated 1.1 million Palestinians living in the area north of Wadi Gaza were subjected to an unlawful mass “evacuation” order, which forced hundreds of thousands of people to flee south, seeking safety. For many months, the hundreds of thousands of people who remained north of Wadi Gaza were largely cut off from the rest of the Strip by a fortified Israeli military zone. In December 2023, the world’s leading experts on famine reported that hunger was particularly widespread and severe there, yet Israeli authorities repeatedly obstructed and denied humanitarian access to the area. In recent days the situation has grown even more desperate following the Israeli military’s tightened siege on the area. All three partially functioning hospitals in the north – Kamal Adwan, Al-Awda, and the Indonesian hospital – face “evacuation” orders. 

    “After a year of death and destruction, it is agonizing to hear from doctors in North Gaza that they have to perform multiple amputations every day, or from families trapped under siege that dozens of unrecognisable bodies are scattered on the streets or that people are unable to bury their loved ones amidst ceaseless bombardment. The scenes coming out of Jabalia refugee camp have been especially harrowing, for over a week, residents of the camp have been scared to leave their homes, even to look for a bag of flour for fear of being shot by the omnipresent quadcopter drones. What remains beyond any comprehension is how the international community has let this horror continue to happen again and again,” said Heba Morayef.

    “It has been nine months since the ICJ warned the risk of genocide in Gaza is real yet Israeli authorities continue to violate the provisional measures ordered by the court.”

    Global leaders must demand an immediate ceasefire to alleviate the unprecedented suffering that we have been witnessing over the past year. Israel has been emboldened, with the help of arms transfers from states like the US, to continue its destructive course in Gaza with total impunity.

    “As well as an immediate ceasefire and an end to Israel’s cruel and inhuman blockade on Gaza and its siege in the north, Israel must grant independent monitors immediate access to Gaza to investigate all attacks. There must be accountability for the devastation that has been waged against the people of Gaza over the past year,” said Heba Morayef. 

    MIL OSI NGO –

    January 23, 2025

  • MIL-OSI United Kingdom: Greens say “no more incineration” of waste

    Source: Green Party of England and Wales

    2. Press Releases

    Responding to the news that putting household rubbish in giant incinerators to make electricity is now the dirtiest way the UK generates power (BBC), Green Party Peer Baroness Jenny Jones said, 

    “I highlighted the issue of incineration stopping councils from recycling back in 2010 when I was on the London Assembly. This became a national issue about 10 years ago when local authorities across the country started to treat waste as a fuel, rather than a valuable source that could be reused or recycled.

    “Unless we have a complete moratorium on new incinerators and start to close down existing ones, we will not meet either of the government’s big targets. You can’t burn oil in the form of plastic and meet the target of Net Zero emissions in 2050; nor can you sign up local authorities to 20 year contracts to burn waste and expect them to recycle 65% of waste by 2030. The last government was finally waking up to the direct contradiction between environment and incineration, I hope this government will say no more incineration and put this big mistake into reverse.”

    15 October 2024 by Steve Hynd

    Press Releases

    MIL OSI United Kingdom –

    January 23, 2025

  • MIL-OSI: Blackford Capital Expands Its Patio Consolidation Platform with the Acquisition of Empire Distributing

    Source: GlobeNewswire (MIL-OSI)

    GRAND RAPIDS, Mich., Oct. 15, 2024 (GLOBE NEWSWIRE) — Blackford Capital (“Blackford”), a leading lower middle market private equity firm, today announced the acquisition of Empire Distributing, an outdoor living and hearth distributor. This marks the latest add-on to the Patio Consolidation Platform (the “Platform”) and expands its operations to provide full product breadth with outdoor living and hearth items and achieve Blackford’s goal of creating an omnichannel platform to being a one-stop-shop for the backyard. The terms of the transaction are not being disclosed.

    Co-Founded in 1978 by Mike and Lois Rupp in Arcade, New York, Empire Distributing is a premier distributor of hearth and outdoor living products servicing more than 780 dealers across the Northeast and Midwest US. Empire Distributing’s hearth product offerings include fireplaces, stoves, gas logs, inserts; and its outdoor living items include fire pits, fire tables, BBQ grills, kitchen islands, outdoor heaters and fireplaces. With more than 75 product lines from over 100 industry-leading hearth and outdoor living manufacturers, and with nearly 200,000 square feet of office and warehouse space across three facilities, Empire Distributing brings extensive scaling capabilities and a dealer distribution channel to the Patio Consolidation Platform.

    Blackford’s vision has been to build an asset-light, multiproduct, omnichannel marketing Platform for the outdoor living market. To build it into a comprehensive one-stop-shop, Blackford acquired Starfire Direct and Artificial Turf Supply in 2022 and, subsequently, LTD Online in 2023. The acquisition of Empire Distributing is expected to dramatically increase the Platform’s size and add a new distribution channel as well as new geographies.

    “We are impressed by Empire Distributing’s strong sales talent and processes and are excited to welcome the company to the Patio Consolidation Platform,” said Martin Stein, Founder, and Managing Director of Blackford Capital. “With Empire we’re positioned to enhance our distribution channels, broaden our product offerings, capture synergy and build operational efficiencies. We believe the outdoor living segment of the residential homeowner market has strong growth potential, and this acquisition strengthens our ability to lead in that space.”

    Jeremy Rupp, President of family-and founder-owned Empire Distributing, is the son of the co-founders, and will continue to lead the company following the acquisition. Jeremy has 25 years of experience managing distribution and sales operations, and oversees warehouse management, logistical operations, purchasing/receiving and IT. His brother, Jason, will assume the role of New Business Development. The Rupps will remain employed at Empire Distributing through the acquisition and employees will retain their current positions as the company focuses on growth within the consolidation platform and in the broader hearth and outdoor living market.

    “We are delighted to join forces with Blackford and be part of Patio Consolidation Platform,” said Jeremy. “Partnering with their experienced management team will allow us to diversify our product lines and expand into new markets. We are excited to gain Blackford’s sourcing expertise and to partner with the existing Patio Platform companies.”

    Paramax served as the exclusive financial advisor to Empire Distributing on the transaction.

    Loeb & Loeb and Varnum LLP served as legal counsel for Blackford Capital. Mercantile Bank and Energy Impact Partners provided financing for the acquisition. Grant Thornton, Hilco Global and Plante Moran advised on financial and tax diligence.

    About Blackford Capital
    Founded in 2010, Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford acquires, manages, and builds founder and family-owned, lower middle-market companies, with a focus on the manufacturing, industrial and distribution industries. Blackford has a track record of exceptional returns, a disciplined and relentless approach to value creation, and a focus on operational excellence and a compelling culture. In 2023, Blackford Capital was named to Inc’s list of Founder-Friendly Investors, was recognized by ACG Detroit with the 2023 M&A Dealmaker of the Year Award and awarded the 2023 Small Markets Deal of the Year award by both Buyouts Magazine and the Global M&A Network Atlas Awards. For more information, visit http://www.blackfordcapital.com.

    About Empire Distributing
    Empire Distributing began as a small regional hearth distributor in the 1980’s supplying a handful of independent hearth dealers with one appliance product line. From modest beginnings, our company has grown to be recognized in the Northeast as a premier distributor of both hearth and outdoor living products. Much has changed throughout our company’s 30-year history, but our dedication to providing customers with the best products and service remains constant. Our dedicated staff, humble beginnings, and desire for enriching our customers lives, drives our quest to remain a premier distributor in the hearth and outdoor living industries. To learn more about the company, visit https://www.empiredistributing.net.

    Media Contact: Jackson Lin Lambert
    (646) 717-4593
    jlin@lambert.com

    A photo accompanying this announcement is available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/0a642076-38f3-42b9-9c79-7d2283658745

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Provident Bank’s First-Time Home Buyer Survey Reveals That While Homeownership Continues to Be Challenging, Many Americans Are Finding Their Home in Less Than a Year

    Source: GlobeNewswire (MIL-OSI)

    ISELIN, N.J., Oct. 15, 2024 (GLOBE NEWSWIRE) — Provident Bank, a leading New Jersey-based financial institution, has released the results of its First-Time Home Buyer Survey, taking stock of the generational differences in how Americans are navigating a complicated housing market. This year’s survey revealed that, not surprisingly, searching for a first home is extremely challenging. The top two factors impacting budgets are high mortgage rates and the lack of homes within an original budget. However, across generations, Americans appear to be buying their first home after only looking less than a year, signaling growing optimism in the market.

    Potential homeowners are prolonging the buying process and waiting to make a final purchase:

    Searching for a new home is challenging for first-time home buyers across generations. There are frequent bidding wars, which can lead to many making sacrifices for their dream home.

    • Over 40% of Gen Xers have been involved in a significant number (5+) of bidding wars during the home-buying process. Comparatively, only 30% of Millennial respondents have had the same experience.
    • Over 50% of Gen X respondents have had to significantly adjust their search criteria to stay within budget. Nearly 50% of both Millennials and Gen X respondents noted that they’ve settled for an older home that needs renovations to complete the buying process, compared to only 39% of Gen Z respondents.

    Amidst all of these challenges, Americans still look toward traditional financial avenues to complete the home-buying process:

    Overall, potential homeowners are still looking to traditional financial institutions to help them through the home-buying process. However, there are clear differences between how generations think about their financing options and the experts available to them.

    • Over half of respondents noted that their savings account is their main source of capital for their down payment. The second highest source of capital stems from access to first-time home buyer program grant(s).
    • 15% of Gen X respondents will look to a fintech company for financing for buying a first home compared to only 6% of Gen Z respondents. Nearly 56% of Gen X respondents will be speaking to a traditional bank as a source for the financing process in buying their first home.
    • Just under 50% of all Millennial respondents noted they would look to a traditional bank for financing to buy their first home.

    “The findings from this year’s survey support what we’ve been hearing directly from customers – in order to navigate a highly competitive home buying market, understanding all of the financing resources and capital requirements at your disposal is the key to success,” said Margaret Volk, Senior Vice President, and Director of Mortgage and Consumer Lending, at Provident Bank. “Especially as we enter a new phase of the mortgage rate cycle, we believe it is our responsibility to ensure our customers are equipped with the resources and information needed to navigate the financing process to achieve such an important life goal like buying a home.”

    The survey was conducted by Survey Monkey, a market research provider, on behalf of Provident Bank. The findings are based on 1,000 responses.

    About Provident Bank

    Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of $24.07 billion as of June 30, 2024, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to http://www.provident.bank or call our customer contact center at 800.448.7768.

    Media Contact:
    Provident Bank
    Keith Buscio – keith.buscio@provident.bank

    Vested
    providentbank@fullyvested.com

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Sky Quarry Partners with Atlas Roofing Corp. to Explore Asphalt Shingle Recycling

    Source: GlobeNewswire (MIL-OSI)

    Exploratory Relationship Will Assess and Develop Mutually Beneficial Processes for the Recovery of Waste Asphalt Shingle Material and Oil

    WOODS CROSS, Utah, Oct. 15, 2024 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or the “Company”), an oil production, refining, and development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils, today announced it has entered into an exploratory relationship with Atlas Roofing Corporation (“Atlas”) to assess and develop mutually beneficial processes for asphalt shingle recycling.

    Atlas Roofing Corporation is an innovative, customer-oriented manufacturer of residential and commercial building materials. Atlas has grown from a single shingle-manufacturing plant into an industry leader with 33 facilities across North America. Atlas has partnerships with some of North America’s most respected companies, allowing Sky Quarry to provide new technologies to various markets.

    Under the partnership, Sky Quarry will collaborate with Atlas to explore the use of its closed loop recycling process and proprietary shingle extraction technology to recover both material and oil from Atlas’ waste shingles. In lab testing, Sky Quarry’s ECOSolv technology has demonstrated a material recovery rate of up to 95%, recycling of up to 99% of its solvent, and recovery of up to 99% of hydrocarbons.

    “As a leader in the building products industry, Atlas is an ideal partner to demonstrate our groundbreaking application capable of separating waste shingles into clean oil and other valuable materials,” said David Sealock, Chairman, CEO and Co-Founder of Sky Quarry. “Currently, there are no sustainably viable solutions for the disposal of waste asphalt shingles, and we believe this exploratory relationship will show how our sustainable business model can transform an environmental challenge into a profitable and sustainable prospect. We look forward to working with the team at Atlas to develop mutually beneficial processes for their waste shingles.”

    About Atlas Roofing Corporation

    From a single asphalt shingle manufacturing facility in 1982, Atlas has grown to 33 manufacturing facilities in North America providing worldwide product distribution. Today, products from the company’s four major divisions, Polyiso Roof & Wall Insulation, Shingles & Underlayments, Molded Products, and Web Technologies, are manufactured in state-of-the-art facilities and shipped from a network of manufacturing plants and distribution facilities in the United States, Canada, and Mexico. Atlas’ mission is to deliver leading products and solutions that enrich the lives of those they touch, by nurturing a culture of agility, teamwork, and accessibility that attracts the most talented people in their industries.

    Atlas Roofing Corporation is a wholly owned subsidiary of Hood Companies, Inc. Hood Companies is a privately owned, closely held holding company and is the parent to operating subsidiaries involved in the manufacture and distribution of forest and wood products, building and construction materials, and flexible and corrugated packaging products throughout North America. For more information, please visit atlas-arc.com.

    About Sky Quarry Inc.

    Sky Quarry Inc (NASDAQ: SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit http://www.skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the offering statement filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    SKYQ@mzgroup.us
    http://www.mzgroup.us

    Company Website
    https://investor.skyquarry.com/

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Expion360 to Present at the LD Micro Main Event XVII Conference on Tuesday October 29, 2024

    Source: GlobeNewswire (MIL-OSI)

    REDMOND, Ore., Oct. 15, 2024 (GLOBE NEWSWIRE) — Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, will attend the LD Micro Main Event XVII Conference being held at the Luxe Sunset Blvd Hotel in Los Angeles, CA October 29 – 30, 2024.

    Expion360 Chief Executive Officer Brian Schaffner will conduct in-person one-on-one meetings during the conference to discuss its new products and technologies initiatives, including its Home Energy Storage Solutions, and expanding partnerships with Recreational Vehicle OEMs. Mr. Schaffner will also host a presentation which can be viewed live and via replay at the webcast registration link below and will also be available on the Expion360 investor relations website at investors.expion360.com.

    LD Micro Main Event XVII
    Date: October 29 – 30, 2024
    Location: Luxe Sunset Blvd Hotel, Los Angeles, CA
    Presentation Time: Tuesday, October 29, 2024, at 3:00 pm PT/6:00 pm ET in Track 4
    Webcast Registration: https://me24.sequireevents.com/
    Speaker: CEO Brian Schaffner
    Format: In-person 1×1’s and Presentations
    Conference Website: Click here

    For more information on the LD Micro Main Event XVII Conference or to schedule a one-on-one meeting with Expion360 management, please contact your conference representative or you may also email your request to XPON@mzgroup.us or call Chris Tyson at (949) 491-8235.

    For more information about Expion360 and its range of products, please visit http://www.expion360.com.

    About Expion360

    Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the Company announced its entrance into the home energy storage market with the introduction of two premium LiFePO4 battery storage systems that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages.

    The Company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer.

    The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit expion360.com.

    Forward-Looking Statements and Safe Harbor Notice

    This press release contains certain 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, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are “forward-looking statements” and should be evaluated as such. Examples of such forward-looking statements include statements that use forward-looking words such as “projected,” “expect,” “possibility,” “believe,” “aim,” “goal,” “plan,” and “anticipate,” or similar expressions. Forward-looking statements included in this press release include, but are not limited to, statements relating to the Company’s beliefs about its customer base and market opportunity. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements.

    Company Contact:
    Brian Schaffner, CEO
    541-797-6714
    Email Contact

    External Investor Relations:
    Chris Tyson, Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    XPON@mzgroup.us
    http://www.mzgroup.us

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Progressive Reports September 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    MAYFIELD VILLAGE, OHIO, Oct. 15, 2024 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended September 30, 2024 and the third quarter of 2024:

      September Quarter
    (millions, except per share amounts and ratios; unaudited)  2024  2024    2023    Change
    Net premiums written $     6,570.0 $ 19,455.6   $ 15,593.8     25 %
    Net premiums earned $     6,262.7 $ 18,296.7   $ 14,894.3     23 %
    Net income $        584.6 $     2,333.4   $     1,121.3     108 %
      Per share available to common shareholders $          0.99 $          3.97   $          1.89     110 %
    Total pretax net realized gains (losses) on securities $        121.2 $        287.4   $      (149.0 )   (293)%
    Combined ratio   93.4   89.0     92.4     (3.4)pts.
    Combined ratio – prior year month   89.7          
    Average diluted equivalent common shares   587.7   587.6     587.5     0 %
                         

    In October 2023, we converted our monthly accounting closing calendar to align with the Gregorian calendar. We do not expect that this change will have a material impact on our reported quarterly and annual underwriting results but it may impact our year-over-year comparisons on monthly results from October 2023 through September 2024. Therefore, during this time period, we have modified and limited the content of the earnings release, compared to our historical reporting. Click here for further discussion on the closing calendar conversion in the October 2023 release, issued November 17, 2023.

      September 30,
    (thousands; unaudited) 2024   2023   % Change
    Policies in Force          
    Personal Lines          
    Agency – auto 9,415.6   8,363.3   13
    Direct – auto 13,387.9   11,154.3   20
    Total personal auto 22,803.5   19,517.6   17
    Total special lines 6,475.0   5,956.2   9
    Total Personal Lines 29,278.5   25,473.8   15
    Total Commercial Lines 1,130.5   1,110.3   2
    Total Property business 3,459.6   3,025.2   14
    Companywide Total 33,868.6   29,609.3   14
               
               

    See Progressive’s complete monthly earnings release, including the “Monthly Commentary,” for additional information.

    About Progressive

    Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

    Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers. 

    Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

    The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

    Company Contact:
    Douglas S. Constantine
    (440) 395-3707
    investor_relations@progressive.com
     
    The Progressive Corporation
    300 North Commons Blvd.
    Mayfield Village, Ohio  44143
    http://www.progressive.com

    Download PDF: Progressive September 2024 Complete Earnings Release

    The MIL Network –

    January 23, 2025

  • MIL-OSI: More Than One-Third of Gig Workers Rely on Gig Work as Primary Source of Income

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 15, 2024 (GLOBE NEWSWIRE) — While consumers have grown accustomed to on-demand services, like ridesharing and food delivery, they are also increasingly open to participating in the gig economy as workers. More than half of U.S. adults (62%) now earn money working for one or more gig platforms, according to new TransUnion (NYSE: TRU) research.

    Across generations, over one-third (37%) reported gig work as a primary source of income. Millennials lead this group with more than half (55%) leveraging gig work as their primary employment and income source. These findings and more are available in the TransUnion Fall 2024 US Gig Economy Report.

    “The gig economy has earned a strong reputation among workers as a reliable source of income that allows for unparalleled flexibility,” said Tracey Lazos, senior director of TransUnion’s gig economy business. “Our research indicates that this trend is likely to continue as more seek a primary or supplementary income from gig work.”

    Millennials are the leading generation of gig workers, with 78% currently earning income from one or more gig platforms. Gen Z and Gen X workers followed closely behind, at 67% and 65%, respectively. Just 36% of Baby Boomers reported earning from one or more platforms; however, 40% indicated they plan to engage in gig work in the future.

    Improved quality of life
    More than half of respondents reported their household finances were better than planned, and work satisfaction on gig platforms was generally high, with 64% of respondents saying they were somewhat or very satisfied.

    Top Reasons for Worker Satisfaction with Gig Platforms
    Flexibility Enjoy the Work Good Fit for Skillset Earning Potential
    71% 59% 47% 41%
           

    When deciding what type of work to engage in, flexibility (47%) and skillset match (39%) were the leading factors. The top three types of gig work were driving for a ride sharing service (23%), freelancing for a digital or online service (19%), and driving for a restaurant delivery service (19%).

    “The sense of acceptance from one’s social circle is also important to how people feel about themselves as professionals,” said Lazos. “That the report found a quarter of gig workers started because it was recommended by friends or family members indicates that gig work has a growing sense of legitimacy as a profession.”

    Over 60% of gig workers participate to supplement their income, and, predictably, two-thirds report earnings under $2,500 per month. However, 36% of Millennials and 21% of Gen Z workers—those most likely to use gig economy work as a primary source of income—report earnings more than $5,000 per month.

    Competing for workers
    The report found most gig earners plan to either maintain or increase their involvement in the gig economy. More than one-third (35%) of Gen Z workers indicated a plan to increase their work levels on gig platforms, either through increased hours or engaging with a greater number of platforms. Millennials were close behind, with 31% saying they plan to do the same.

    Only 8% of earners plan to stop working and acquire a full-time job, an indication that factors such as convenience and skillset alignment are driving more individuals to treat the gig economy as their primary workplace in place of more traditional employment. 

    The possibility for gig platforms to gain a greater share of the workforce creates an imperative for them to consider services and incentives to attract and retain workers. The survey proposed several potential services platforms could offer workers and found the most desirable options were identity protection, financial education, and supplementary insurance coverage.

    Seasonality is also an important consideration for attracting new workers. While 45% of earners say they work year-round, younger respondents reported a much higher likelihood to take on extra gig work during specific seasons—such as summer and winter—indicating a spike in gig work outside of the school year. Older earners, by contrast, are much more likely to work on an as-needed basis for extra income.

    “Gig workers already enjoy a flexible work experience that allows them to earn what they want, when they want, and how they want,” said Lazos. “By introducing services that also help them feel more empowered and able to meet long-term goals, platforms can provide a comprehensive offering that attracts workers who will create great customer experiences—while boosting worker retention.”

    Companies interested in attracting a high-value workforce should consider TransUnion’s TruAudience solutions for targeting and outreach. In addition, TransUnion’s TruEmpower™ line of solutions for consumer-facing identity protection and financial education can help retain workers.

    Click here to read the latest TransUnion Fall 2024 US Gig Economy Report.

    Research Methodology
    This online survey of 1,013 adults was conducted in August 2024, by TransUnion in partnership with third-party research provider, Toluna. Survey participants included adults 18 years of age and older residing in the United States who participate in the gig economy as a contractor of gig economy services. Participants included current, past, and future contractors of gig economy services. To ensure general population sample representativeness across United States resident demographics, the survey targeted respondents in line with the census statistics on the dimensions of age, gender, household income, and region. These research results are unweighted and statistically significant at a 95% confidence level within ±3.1 percentage points based on calculated error margin. Please note some chart percentages may not add up to 100% due to rounding or multiple answers being accepted.

    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 23, 2025

  • MIL-OSI: Franklin Electric Schedules Its Third Quarter 2024 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    FORT WAYNE, Ind., Oct. 15, 2024 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) will release its third quarter 2024 earnings at 8:00 am ET on Tuesday, October 29, 2024. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The third quarter 2024 earnings call will be available via a live webcast. The webcast will be available in a listen-only mode by going to:

    https://edge.media-server.com/mmc/p/cp5pmtx9

    For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below.

    https://register.vevent.com/register/BIa5e3e952cc2d47c28144fef8683c97e0

    All registrants will receive dial-in information and a PIN allowing them to access the live call. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).

    A replay of the conference call will be available from Tuesday, October 29, 2024, through 9:00 am ET on Tuesday, November 5, 2024, by visiting the listen-only webcast link above.

    About Franklin Electric
    Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2023 and America’s Climate Leaders 2023 by USA Today.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases,  raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2023, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

    CONTACT: Jeff Taylor
    Franklin Electric Co., Inc.
    260.824.2900

    The MIL Network –

    January 23, 2025

  • MIL-OSI Global: ‘Childless cat ladies’ is a political catchphrase that doesn’t match reality − Democrats and Republicans have similar demographics and experiences when it comes to parenthood

    Source: The Conversation – USA – By Laurel Elder, Professor of Political Science, Hartwick College

    Republicans and Democrats tend to have children at around the same rates and ages and to view parenthood in a similar way. iStock / Getty Images Plus

    Republican vice presidential candidate JD Vance infamously said in 2021 that the Democratic Party is run by “a bunch of childless cat ladies who are miserable at their own lives and the choices they’ve made” – and do not have a “direct stake” in the future of the United States.

    Three years later, after Vance’s selection as Trump’s vice presidential pick, these comments resurfaced and quickly became a cultural touchstone.

    In July 2024, Vance clarified his controversial comments, saying that what he meant was that the Democratic Party has become anti-family and anti-child.

    At a September 2024 campaign event alongside Donald Trump, Arkansas Gov. Sarah Huckabee Sanders echoed Vance’s sentiments about Democrats being anti-family. “My kids keep me humble. Unfortunately, Kamala Harris doesn’t have anything keeping her humble,” she said.

    The single cat lady theme was amplified further when singer Taylor Swift used it to sign off on her Instagram endorsement of Harris.

    While the cat lady framing is new, politicians making parenthood and family a centerpiece in their appeals to the American public has a long history.

    As we show in our 2012 book, “The Politics of Parenthood,” and subsequent research, politicians have been using messages about parenthood as a way to appeal to voters since the 1980s. eg: link wouldn’t work for me

    Content analysis of party platforms and speeches by presidential candidates reveals that both parties have devoted more and more time and space to making the case that they are the true pro-family party. Republicans argue that lower taxes and smaller government strengthen American families, while Democrats argue that strengthening social welfare programs represents the best way to support families.

    Despite the parties’ contrasting pro-family messages and the image conjured by Vance’s childless cat lady comments, Republicans and Democrats are not really that different when it comes to their actual experiences having and raising children.

    Our analysis shows that the age at which Americans have children, how many children they have and whether parents work outside the home are surprisingly similar across partisan lines.

    A woman attends a CatCon event in Pasadena, Calif., in August 2024 and wears a ‘Childless cat ladies for Kamala’ shirt.
    Genaro Molina/Los Angeles Times via Getty Images

    Democrats and Republicans find parenting rewarding

    To explore whether there are differences between Republicans and Democrats in terms of their families, we analyzed data from the 2022 General Social Survey, which had 4,149 respondents. GSS is a nationally representative and well recognized survey of American adults that has been conducted since 1972. We also analyzed data from a 2022 Pew survey of 3,757 mothers and fathers focused on parenting in America.

    This data shows that both Republicans and Democrats deeply value their roles as parents. In the Pew survey, 87% of parents said that their role as a parent is the most important or one of the most important aspects of their identity. Our analysis shows this is true for parents in both parties – 86% of Democrats and 88% of Republicans said they value their role as parents as the most or one of the most important aspects of their identity.

    Similarly, our analysis of the Pew data reveals that Democrats and Republicans both enjoy being parents – 84% of Republicans say they find parenting enjoyable most or all of the time, compared with 81% of Democrats.

    That said, contemporary parenting is also challenging.

    The 2022 Pew survey showed that 29% of parents describe raising children as stressful most or all of the time. And 42% of parents report that raising children is tiring all or most of the time. Our analysis shows that this is equally true for Republicans and Democrats.

    Indeed, the stresses of modern parenthood led the U.S. surgeon general in August 2024 to issue a public health advisory about parents’ declining mental well-being.

    One of the reasons for this stress is that most parents today are balancing parenthood with work. The Republican Party has long embraced “traditional marriage,” meaning a marriage between a man and a woman, where the mother stays home to raise the children. Yet the reality is that most moms have jobs outside the home. In our analysis of the 2022 Pew data, we find that about the same portion of Republican moms – 67% – work outside the home as Democratic moms, who totaled 69%.

    Both Republican and Democratic moms do more parenting

    Another way that the experience of parenthood is similar across partisan lines is that moms spend more time parenting than dads. Pew asked parents with partners and spouses about the division of labor around a variety of child care tasks in 2022.

    In our analysis of the full set of this data, which Pew provided us, we found that 77% of Democratic mothers and 80% of Republican mothers report doing more than their spouse or partner when it comes to managing their children’s activities. And 60% of Democratic mothers and 58% of Republican mothers report providing more comfort and emotional support to their children than their spouses or partners do.

    This may account for why the Pew data reveals that mothers, more so than fathers, report parenting being tiring most or all of the time – 47% for moms, compared with 34% for dads. Once again, our analysis shows that mothers’ higher levels of fatigue hold true for both Republican and Democratic mothers compared with Republican and Democratic dads.

    To assess the demographics of parenthood, we analyzed the 2022 General Social Survey data and found that Republicans and Democrats start their families at a similar age, just as they did a decade ago.

    On average, male and female Democrats are 26 when they have their first kid, while Republicans are 25. Higher levels of education are associated with starting families later, but this is true for those in both parties.

    Looking at women specifically, we find that Democratic women have their first child at 25 years old, and Republican women at 24. There is no evidence that Democratic women – more so than Republican women – are delaying having children so that they can pursue their careers, as suggested by Vance and Sanders in their critiques of the Democratic Party and Harris specifically.

    It is true that Americans are having fewer children compared with a few decades ago. But this drop in having children is nearly universal in high-income democracies, even despite some government policies that seek to increase the birth rate in the U.S.

    Our analysis reveals that the gap between Republicans and Democrats on this issue is modest. On average, Democrats are having 1.53 children, compared with 1.86 for Republicans.

    And the 2022 General Social Survey data shows that Democrats do report having no children at a modestly higher rate than Republicans, but it is men – more than women – who report being childless at higher rates. Among Americans over 40, 22% of Democratic men and 16% of Republican men have no kids, compared with 17% of Democratic women and 10% of Republican women.

    Despite political rhetoric suggesting there is a deep partisan divide among Americans on issues of families and child-rearing, the data tells a different story. It paints a picture of Americans, whether Democrats or Republicans, as remarkably similar in the basic demographics of parenting, as well as in their views about the joys and challenges of parenthood.

    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. ‘Childless cat ladies’ is a political catchphrase that doesn’t match reality − Democrats and Republicans have similar demographics and experiences when it comes to parenthood – https://theconversation.com/childless-cat-ladies-is-a-political-catchphrase-that-doesnt-match-reality-democrats-and-republicans-have-similar-demographics-and-experiences-when-it-comes-to-parenthood-238960

    MIL OSI – Global Reports –

    January 23, 2025

  • MIL-OSI Europe: ASIA/LEBANON – Israeli strike on Christian-majority village in Northern Lebanon

    Source: Agenzia Fides – MIL OSI

    Tuesday, 15 October 2024 wars  

    Beirut (Agenzia Fides) – At least 23 people were killed yesterday, October 14, in a bomb attack on a building in the predominantly Christian village of Aitou, near Zgharta, in the far north of Lebanon, which has so far been spared by Israeli airstrikes. According to information received by Fides from local sources, the building in question was probably already known to the Israelis, as it had been rented to the Hezbollah-affiliated television station Al-Manar since 2006, at the time of the last war between Israel and Hezbollah. In recent weeks, the house had been used to house Shiite refugees from southern Lebanon who fled the Israeli offensive. First they were elderly people, then families with children. The Israeli airstrike was reportedly triggered when a Hezbollah representative arrived at the building with a large sum of money to be distributed to the displaced. The building was destroyed by bombs and, according to the latest reports, there are at least 23 dead. “The Lebanese population,” say Fides sources, “is once again wondering how Israel was able to know the exact time of the arrival of the person who was to be hit.” According to military observers, the Israeli forces tried to destroy not only weapons and ammunition depots, but also Hezbollah’s cash reserves, an essential means of payment in a country that has been in financial crisis since the end of 2019. (L.M.) (Agenzia Fides, 15/10/2024)
    Share:

    MIL OSI Europe News –

    January 23, 2025

  • MIL-OSI Global: On crime and justice, Trump and Harris records differ widely

    Source: The Conversation – USA – By Austin Sarat, William Nelson Cromwell Professor of Jurisprudence and Political Science, Amherst College

    Though crime and criminal justice policy are central issues in many elections, that’s not true in 2024. Surveys show that relatively few American voters rank crime as their most important concern.

    Yet both former President Donald Trump and Vice President Kamala Harris say they take those problems seriously. Trump and the Republicans have focused attention on the problem of illegal immigration and the crimes that he says immigrants commit.

    Harris, as The Economist noted, “is using her history as a prosecutor in San Francisco to burnish her tough-on-crime bona fides.” She has mentioned that background in connection with immigration, drug policy and corporate wrongdoing.

    As someone who studies crime and justice in the United States, it is clear to me that there are substantial differences between the two candidates, though each of their records contains some interesting twists and turns.

    Kamala Harris gives her first news conference as attorney general of California in November 2010.
    AP Photo/Damian Dovarganes

    Kamala Harris, the prosecutor

    Harris has a long record of working in the criminal justice system. She worked in the Alameda County district attorney’s office in California, starting in 1990, where she specialized in child sexual assault cases. She then served as district attorney in San Francisco from 2004 to 2010 and as attorney general of California from 2010 to 2017, when she was elected to the U.S. Senate.

    Axios reported that during her term as district attorney, “the number of violent crimes rose steadily in the city of San Francisco during her first five years in office then fell 15% in her last two years.” And when she served as the state’s attorney general, “the violent crime rate in the state was 439.6 per 100,000 residents the year before she took office and fell to 396.4 by 2014. … However, violent crime surged to 444.8 in 2016 during her last year in office to a six-year high,” Axios reported.

    In both offices, Harris undertook a number of reforms in criminal justice policy.

    For example, in San Francisco she developed a “Back on Track” initiative“ that aimed to help nonviolent drug offenders between the ages of 18 and 30. According to The New York Times, its key promise was that ”after a full year of employment, education, community service, regular meetings with a supervising judge and crime-free behavior, the charge would be expunged from the offender’s record.“ It was generally well received, especially among progressives.

    When Harris became the state’s attorney general, she reformed California’s approach to school truancy by focusing on the parents of truant children. As The New York Times reported, she threatened them ”with fines or even imprisonment if they did not ensure that their children attended class.“ FactCheck.org found that as a result of her policy, ”district attorneys reported prosecuting 3 to 6 … cases per year,“ on average.

    Considering Harris’ record in California, The Desert Sun (Palm Springs, California) said Harris ”earned a reputation as tough on sexual abuse, human trafficking and organized crime, and did not shy away from pursuing incarceration.“

    Throughout her career, Harris has been an opponent of the death penalty. During her first campaign for San Francisco district attorney, she promised that she would never seek a death sentence no matter how heinous the crime. She stuck to that promise, but as attorney general she went to court to defend death sentences that had been imposed under prior administrations.

    The Los Angeles Times said her decision to do so was an appropriate one for the attorney general, ”putting professional responsibility over personal politics.“

    CNN summarized her record on capital punishment by saying it ”broke hearts on both sides.“

    Donald Trump speaks at a meeting about prison reform in 2018.
    AP Photo/Carolyn Kaster

    Donald Trump’s record as president

    Trump, by contrast, was a strong proponent of the death penalty during his time in the Oval Office. In March 2018, he directed the Department of Justice to seek the death penalty in cases involving drug traffickers. The department also vigorously pursued new death penalty prosecutions in other areas and defended existing death sentences in court.

    After a long time without any federal executions, the Trump administration carried out 13 of them in the last seven months of his term. ProPublica said Trump’s administration ”executed more federal prisoners than any presidency since Franklin Delano Roosevelt’s” and more than the prior 10 presidents combined.

    In other areas, the Trump administration stepped in to stop some criminal justice reform initiatives. For example, according to ABC News, Trump’s first attorney general, Jeff Sessions, stopped former President Barack Obama’s effort to end prison privatization, and then began distributing contracts for new privately run detention centers.

    But during his presidency, Trump was not consistent in being tough on crime. For instance, in March 2018, he signed an executive order creating the Federal Interagency Crime Prevention and Improving Reentry Council. He charged it with identifying ways “to provide those who have engaged in criminal activity with greater opportunities to lead productive lives” and to develop “a comprehensive strategy that addresses a range of issues, including mental health, vocational training, job creation, after-school programming, substance abuse, and mentoring.”

    The Biden administration built on and extended those efforts.

    And in December 2018, Trump supported the so-called “First Step Act,” which passed Congress with bipartisan support. It funded efforts to reduce the likelihood that inmates would be convicted again after their release, including by providing addiction treatment, mental health care, education and job training.

    Trump also commuted the sentences of more than 90 people and pardoned more than 140 others. His use of clemency power was quite controversial, as some of its beneficiaries were Trump associates, such as Steve Bannon and Paul Manafort, who led Trump’s 2016 presidential campaign and had committed financial fraud.

    As far as the crime rate during Trump’s presidency, the Dallas Morning News reported that “During the first three years of Trump’s presidency, the violent crime rate per 100,000 population … fell each year. But, the Morning News – citing Politifact – said that in 2020, “the violent crime rate spiked,” though it was slightly lower than it had been in Obama’s final year in office.

    Crime and criminal justice in the next administration

    The next president will have choices to make about the crime and justice policies that the federal government will pursue and about whether to emphasize reform or harsh punishment. He or she will also have to decide whether, and how, the federal government should use grants and other funding, guidelines and enforcement to further those goals.

    Their records suggest that Harris and Trump would make very different choices about those and other crime and criminal justice issues.

    Austin Sarat 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. On crime and justice, Trump and Harris records differ widely – https://theconversation.com/on-crime-and-justice-trump-and-harris-records-differ-widely-240004

    MIL OSI – Global Reports –

    January 23, 2025

  • MIL-OSI Global: Candidate experience matters in elections, but not the way you think

    Source: The Conversation – USA – By Charlie Hunt, Assistant Professor of Political Science, Boise State University

    Previously holding political office is an obvious advantage for candidates seeking votes. SDI Productions/E+/Getty Images

    Ever since he was chosen as Donald Trump’s running mate back in July, U.S. Sen. JD Vance, a Republican from Ohio, has come under a level of scrutiny typical for a vice presidential candidate, including for some of his eyebrow-raising public statements made in the past or during the campaign.

    One line of critique has persisted through the news cycles: that his lack of political experience may make Vance less qualified than others, including his opponent, Gov. Tim Walz of Minnesota, to be vice president.

    Do more politically experienced politicians have advantages in elections? And if they enjoyed such advantages in the past, do they still in such a polarized political moment?

    The answers are complicated, but political science offers some clues.

    Why experience should matter

    Previously holding political office, and for a longer period of time, is in some ways an obvious advantage for candidates making the case to potential voters. If you were applying for a job as an attorney, previous legal experience would be favorably looked upon by an employer. The same is true in elections: If you want to run for office, experience as an officeholder could help you perform better at the job you’re asking for.

    This approach has been taken by a number of high-profile politicians over the years. For example, in Hillary Clinton’s first campaign for president in 2008, the U.S. senator from New York and future secretary of state made “strength and experience” the centerpiece of her argument to the voters.

    Experience also might matter for the same reasons as incumbency – that is, when a candidate is currently holding the office they are seeking in an election. Incumbents typically have much higher name recognition than their challenger opponents, distinct fundraising advantages and, at least in theory, a record of policy achievement on which to base their campaigns. Even for nonincumbents, these advantages are more prevalent for previous officeholders rather than someone who is a newcomer to politics.

    Barack Obama and his family on Nov. 4, 2008, the day he won the presidential election, showing that a lack of political experience can be used as a benefit.
    Emmanuel Dunand/AFP via Getty Images

    Inexperienced, or an ‘outsider’?

    But Hillary Clinton was, of course, unsuccessful in her first bid for the Democratic presidential nomination in 2008. She was beaten by a relatively inexperienced candidate named Barack Obama; like Vance, Obama had served less than a full term in the Senate before running for higher office.

    Obama’s 2008 win shows that a lack of political experience can be leveraged as a benefit.

    One of the few things Obama and Donald Trump have in common is that both benefited from an appeal to voters as a political “outsider” in elections in which Americans were frustrated with the political status quo. As outsiders, they appeared uniquely positioned to fix what voters believed was wrong with politics.

    Does experience equal ‘quality’?

    The “outsider” label isn’t always a ticket to victory.

    In 2020, for example, voters were frustrated with the chaos of having a political outsider in the White House and turned to Joe Biden – possibly the most experienced presidential candidate in modern history at that point, with eight years as vice president and several decades in the Senate under his belt. Voters were hungry for political normalcy in the White House and made that choice for Biden.

    Does U.S. Sen. JD Vance’s lack of political experience make him less qualified than his opponent, Gov. Tim Walz of Minnesota, to be vice president?
    Scott Olson/Getty Images

    Political science has other important lessons about when experience matters and when it doesn’t. In Congress, electoral challengers – those running against incumbents – enjoy more of a boost from prior experience in places such as the state legislature. In fact, the typical indicator for challenger “quality” used in political science research is a simple marker of whether the challenger has prior political experience.

    But even this finding is more complicated than it seems: Political scientists such as Jeffrey Lazarus have found that high-quality – that is, politically experienced – challengers do better in part because they are more strategic in waiting for better opportunities to run in winnable races.

    Experience matters only sometimes – and maybe less than ever

    The usefulness of a lengthy political resume also depends on which stage of the election candidates are in.

    Research has found, for example, that a candidate’s experience matters much more in settings such as party primaries, where differences between the candidates on policy issues are typically much narrower. That leaves nonpolicy differences such as experience to play a bigger role.

    In the general election, voters supportive of one party are unlikely to factor candidate experience in that heavily, even, or especially, when the candidate they support lacks it.

    The political science phenomenon known as negative partisanship means that, more and more, voters are motivated not by positive attributes of their own party’s candidates but rather by the fear of losing to the other side. This has only been exacerbated as the two parties have polarized further.

    Voters are therefore more willing than ever to lower the standards they might have for their favored candidates’ resumes if it means beating the other side. Even if a Democrat is clearly more qualified than a Republican in terms of political experience, that advantage is unlikely to sway many Republican voters, and vice versa.

    What about 2024?

    In 2024, the experience factor is complicated. Trump, of course, has been president before – the ultimate prior experience for someone running for exactly that office.

    But he has continued to run as an outsider from the political establishment, casting Kamala Harris – who, as vice president, has little actual institutional power – as an incumbent who is responsible for the current state of the country. Since polls show consistently that a majority of Americans believe the country is not headed in the right direction, we can see why Trump might try to frame the race in this way.

    Whether Trump’s strategy ends up working will be more apparent after the election is over. For now, Trump and Harris can rest assured that most of their supporters don’t appear to care how much – or how little – experience they have.

    Charlie Hunt 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. Candidate experience matters in elections, but not the way you think – https://theconversation.com/candidate-experience-matters-in-elections-but-not-the-way-you-think-240191

    MIL OSI – Global Reports –

    January 23, 2025

  • MIL-OSI Global: How dogs were implicated during the Salem witch trials

    Source: The Conversation – USA – By Bridget Marshall, Professor of English, UMass Lowell

    An illustration of a court scene during the late-17th century witch trials in Salem, Mass. Christine_Kohler/iStock via Getty Images Plus

    I teach a course on New England witchcraft trials, and students always arrive with varying degrees of knowledge of what happened in Salem, Massachusetts, in 1692.

    Nineteen people accused of witchcraft were executed by hanging, another was pressed to death and at least 150 were imprisoned in conditions that caused the death of at least five more innocents.

    Each semester, a few students ask me about stories they have heard about dogs.

    In 17th century Salem, dogs were part of everyday life: People kept dogs to protect themselves, their homes and their livestock, to help with hunting, and to provide companionship.

    However, a variety of folklore traditions also associated dogs with the devil – beliefs that long predated what happened in Salem. Perhaps the most famous example of such belief is the case of a poodle named Boy who belonged to Prince Rupert, an English-German cavalry commander on the Royalist side during the English Civil War. Between 1643 and 1644, stories spread across Europe that Boy the poodle had supernatural powers, including shape-shifting and prophecy, that he used to aid his master on the battlefield.

    There is no mention in the official records of Salem’s trials of any dogs being tried or killed for witchcraft. However, dogs appear several times in the testimony, typically because an accused witch was believed to have had a dog as a “familiar” who would do her bidding, or because the devil appeared in the form of a dog.

    Numerous testimonies in the Salem trial records claim that dogs were in league with the devil, adding to the paranoia of this community that was spinning out of control.

    Associating the devil with the dog

    On May 16, 1692, a 45-year-old Amesbury, Massachusetts, man named John Kimball testified against Susanna Martin, a 71-year-old widow, saying, among other things, that she had caused a “black puppy” to appear before him when he was alone in the woods. Kimball testified that he was terrified by the dog, which he thought would tear out his throat. The dog disappeared when he began to pray.

    This, among other testimony, would contribute to Martin’s conviction for witchcraft in June 1692; she was hanged on July 19, 1692.

    In several instances recorded by the courts, accused witches confessed that the devil had appeared to them in the form of a dog. In September 1692, 19-year-old Mercy Wardwell testified that she had been conversing with the devil, and that he had appeared to her in the shape of a dog. Her confession caused her to be jailed, although she was later released when the hysteria died down.

    During the same proceedings that September, 14-year-old William Barker Jr. testified that the “shape of a black dog” appeared to him and provoked anxiety; soon after this, the devil appeared. It’s hard to know if he was suggesting that the dog was the devil himself or his companion.

    Barker confessed that he had “signed the devil’s book,” meaning that he had made a covenant with the devil and was a witch. Barker was jailed, though he would later be acquitted.

    Tituba, a woman of color enslaved in the Rev. Samuel Parris’ household, also testified about a dog. When she was examined by magistrates on March 1, 1692, Tituba recounted how the devil had appeared to her at least four times, “like a great dog” and as “a black dog.” She also said she saw cats, hogs and birds, an entire menagerie of animals working for the devil.

    An accused witch was believed to have a dog or another animal as a ‘familiar’ who would do her bidding,
    © The Trustees of the British Museum, CC BY-NC-SA

    Kimball’s, Wardwell’s, Barker’s and Tituba’s testimonies certainly may have contributed to the ongoing alarm that the residents of Salem were being led astray by a devil who might appear to them in the shape of a dog.

    Sketchy evidence

    Some popular accounts of the trials also suggest that at least two dogs were killed during the trials, but there is no evidence supporting this in the official legal testimony of the time. There is certainly some local legend that supports the claim, and many accounts of Salem have included these two dog deaths as a part of the story.

    According to local historical researcher Marilynne K. Roach’s 2002 book, “The Salem Witch Trials: A Day-by-day Chronicle of a Community Under Siege,” some of the afflicted girls claimed that a man named John Bradstreet had bewitched a dog. Although the dog was a victim, it was killed. Roach’s history also notes that another dog was shot to death when a girl claimed that the dog’s specter had afflicted her.

    Witchcraft belief at the time held that witches could send their “spectres,” or spirits, out to do their bidding.

    While these are compelling stories, neither of these events can be verified in any existing official trial documents. The source that Roach cites for the Bradstreet case is Robert Calef’s book “More Wonders of the Invisible World,” which was published in 1700. Calef, who was a Boston merchant, objected to how the trials were conducted. However, he was not present at the trials, and it is not clear what his source was for the dog stories. Such stories – and Calef’s uncited retelling of it – do not have the same authority as the legal documents in the case.

    The earliest account of a dog being shot for being a witch appears in a commentary on the Salem trials, “Cases of Conscience Concerning Evil Spirits,” published in 1693, in which the clergyman Increase Mather claims that “I am told by credible persons” that a dog was shot for bewitching a person.

    But significantly, Mather did not name the human victim or the person who told him the story. Surprisingly, Mather actually defended the dog, saying that the fact that they had successfully killed it meant that “this dog was no Devil.”

    Nearly every history of Salem recounts how when Samuel Parris’ daughters were having terrible fits that led people to believe they were bewitched, Tituba, the enslaved woman who lived in the household, baked a “witch cake” using urine from the afflicted girls and fed it to the family’s dog.

    Somehow, this was supposed to cause the dog to reveal the identity of the witch. Indeed, Reverend Parris condemned the ritual, which itself seemed to be its own kind of witchcraft.

    Fear and distrust

    All around, Salem’s witch trials seem to have been bad for dogs. Although there is no official legal evidence that dogs were killed for being witches, it’s clear that there were strong associations between dogs and the devil, and that dogs were sometimes treated poorly because of superstition.

    The Salem trials are a horrifying example of what happens when people use terrible logic and leap to indefensible conclusions with shoddy evidence. In an environment of fear and distrust, even man’s best friend could be suspected of dealings with the devil.

    Bridget Marshall 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. How dogs were implicated during the Salem witch trials – https://theconversation.com/how-dogs-were-implicated-during-the-salem-witch-trials-239802

    MIL OSI – Global Reports –

    January 23, 2025

  • MIL-OSI Global: Farms to fame: How China’s rural influencers are redefining country life

    Source: The Conversation – USA – By Mitchell Gallagher, Ph.D Candidate in Political Science, Wayne State University

    In the quiet backwaters of Yunnan, Dong Meihua – though her followers know her by the public alias Dianxi Xiaoge – has done something remarkable: She’s taken the pastoral simplicity of rural China and made it irresistible to millions. In her hands, a village kitchen becomes a stage, and the rhythms of farm life become a story as compelling as any novel. She is one of many rural influencers returning to their roots.

    In a digital revolution turning established narratives on their head, China’s countryside is emerging as an unlikely epicenter of viral content. Xiaoge is one of thousands of influencers redefining through social media how the countryside is perceived.

    Upending preconceptions of rural China as a hinterland of poverty and stagnation, this new breed of social media mavens is serving up a feast of bucolic bliss to millions of urbanites. It is a narrative shift encouraged by authorities; the Chinese government has given its blessing to influencers promoting picturesque rural images. Doing so helps downplay urban-rural chasms and stoke national pride. It also fits nicely with Beijing’s rural revitalization strategy.

    Hardship to revival

    To fully appreciate any phenomenon, it’s necessary to first consider the historical context. For decades, China’s countryside was synonymous with hardship and backwardness. The Great Leap Forward of the late 1950s and early 1960s – Communist China’s revered founder Mao Zedong’s disastrous attempt to industrialize a largely agrarian country – devastated rural communities and led to widespread famine that saw tens of millions die.

    The subsequent Cultural Revolution, in which Mao strengthened his grip on power through a broad purge of the nation’s intelligentsia, further disrupted customary rural life as educated youth were sent to the countryside for “reeducation.” These traumatic events inflicted deep scars on the rural psyche and economy.

    Meanwhile, the “hukou” system, which since the late 1950s has tied social benefits to a person’s birthplace and divided citizens into “agricultural ” and “nonagricultural” residency status, has created a stark divide between urban and rural citizens.

    The reform era of Mao’s successor, Deng Xiaoping, beginning in 1978, brought new challenges. As China’s cities boomed, the countryside lagged behind.

    Millions of rural Chinese have migrated to cities for better opportunities, abandoning aging populations and hollowed-out communities. In 1980, 19% of China’s population lived in urban areas. By 2023, that figure had risen to 66%.

    Government policies have since developed extensively toward rural areas. The abolition of agricultural taxes in 2006 heralded a major milestone, demonstrating a renewed commitment to rural prosperity. Most recently, President Xi Jinping’s “rural revitalization” has put countryside development at the forefront of national policy. The launch of the Internet Plus Agriculture initiative and investment in rural e-commerce platforms such as Taobao Villages allow isolated farming communities to connect to urban markets.

    Notwithstanding these efforts, China’s urban-rural income gap remains substantial, with the average annual per capita disposable income of rural households standing at 21,691 yuan (about US$3,100), approximately 40% of the amount for urban households.

    Enter the ‘new farmer’

    Digital-savvy farmers and countryside dwellers have used nostalgia and authenticity to win over Chinese social media. Stars such as Li Ziqi and Dianxi Xiaoge have racked up huge numbers of followers as they paint rural China as both an idyllic escape and a thriving cultural hub.

    The Chinese term for this social media phenomenon is “new farmer.” This encapsulates the rise of rural celebrities who use platforms such as Douyin and Weibo to document and commercialize their way of life. Take Sister Yu: With over 23 million followers, she showcases the rustic charm of northeast China as she pickles vegetables and cooks hearty meals. Or Peng Chuanming: a farmer in Fujian whose videos on crafting traditional teas and restoring his home have captivated millions.

    Since 2016, these platforms have turned rural life into digital gold. What began as simple documentation has evolved into a phenomenon commanding enormous audiences, fueled not just by nostalgia but also economic necessity. China’s post-COVID-19 economic downturn, marked by soaring youth unemployment and diminishing urban opportunities, has driven some to seek livelihoods in the countryside.

    In China’s megacities, where the air is thick with pollution and opportunity, there’s clearly a hunger for something real – something that doesn’t come shrink-wrapped or with a QR code. And rural influencers serve slices of a life many thought lost to China’s breakneck development.

    Compared with their urban counterparts, rural influencers carve out a unique niche in China’s vast social media landscape. Although fashion bloggers, gaming streamers and lifestyle gurus dominate platforms such as Weibo and Douyin, the Chinese TikTok, rural content creators tap into a different cultural romanticism and a yearning for connection to nature. In addition, their content capitalizes on the rising popularity of short video platforms such as Kuaishou and Pinduoduo, augmenting their reach across a wide demographic, from nostalgic retirees to eco-conscious millennials.

    But this is not simply digital escapism for the masses. Tourism is booming in once-forgotten villages. Traditional crafts are finding new markets. In 2020 alone, Taobao Villages reported a staggering 1.2 trillion yuan (around $169.36 billion) in sales.

    The Chinese government, never one to miss a PR opportunity, has spotted potential. Rural revitalization is now the buzzword among government officials. It’s a win-win: Villagers net economic opportunities, and the state polishes its reputation as a champion of traditional values. Government officials have leveraged platforms such as X to showcase China’s rural revitalization efforts to international audiences.

    Authenticity or illusion?

    As with all algorithms, there’s a catch to the new farmer movement. The more popular rural influencers become, the more pressure they face to perform “authenticity.” Or put another way: The more real it looks, the less real it might actually be.

    It raises another question: Who truly benefits? Are we witnessing rural empowerment or a commodification of rural life for urban consumption? With corporate sponsors and government initiatives piling in, the line between genuine representation and curated fantasy blurs.

    Local governments, recognizing the economic potential, have begun offering subsidies to rural content creators, causing skepticism about whether this content is truly grassroots or part of a bigger, state-led campaign to sanitize the countryside’s image.

    Yet, for all the conceivable pitfalls, the new farmer trend is an opportunity to challenge the urban-centric narrative that has dominated China’s development story for decades and rethink whether progress always means high-rises and highways, or if there’s value in preserving ways of life that have sustained communities for centuries.

    More importantly, it’s narrowing the cultural disconnect that has long separated China’s rural and urban populations. In a country where your hukou can determine your destiny, these viral videos foster understanding in ways that no government program ever could.

    Mitchell Gallagher 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. Farms to fame: How China’s rural influencers are redefining country life – https://theconversation.com/farms-to-fame-how-chinas-rural-influencers-are-redefining-country-life-239540

    MIL OSI – Global Reports –

    January 23, 2025

  • MIL-OSI: CleanChoice Energy To Double its Solar Generation Assets by Acquiring Project in Kylertown, Penn.

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Oct. 15, 2024 (GLOBE NEWSWIRE) — CleanChoice Energy (“CleanChoice”), the first company in the U.S. that both owns solar generation assets and supplies only 100% clean energy to consumers, announced the acquisition of its second fully owned and operated solar project. Located in Kylertown, Penn., the solar project will have the capacity to supply over 5,100 homes with renewable energy. This news comes one year after the company announced the development of its first solar project, which is nearing completion in Blairs Valley, Penn., and will generate enough energy to power the equivalent of 4,500 homes.

    Construction of the 150-acre Kylertown solar project is expected to begin in Q4 2024, with a planned interconnection date of October 2025. It will have a capacity of 29.42 MW. When completed, the solar farm will interconnect to the PJM electric grid, which supplies energy to utilities in Pennsylvania, New Jersey and regions throughout other surrounding states.

    “Our project in Kylertown will double CleanChoice Energy’s solar generation assets, as well as demonstrate how responsible renewable energy generation can support the local community and wildlife,” said Zoë Gamble, President of CleanChoice. “This is part of our long-term strategy to support the growth of 100% green energy in the U.S. and make it more accessible to people – a solution that is critically needed as we all face the dire consequences of climate change.”

    CleanChoice is acquiring the project from Prospect14, which led the siting and greenfield development. “This project is an excellent example of the positive benefits that solar energy brings to Pennsylvania’s local communities, energy consumers, and landowners,” says Carl Jackson, Partner of Prospect14. “We are thrilled that this solar project will be carried forward by a partner who operates at high standards and takes care of the land and community.”

    The Kylertown solar project is the second in a number of projects in the pipeline for CleanChoice as owner-operator. CleanChoice continues to develop greenfield sites and pursue acquisition of large-scale solar projects across the Northeast and Mid-Atlantic regions.

    For more information, visit http://www.cleanchoiceenergy.com.

    ABOUT CLEANCHOICE ENERGY
    CleanChoice Energy is one of the leading 100% renewable energy suppliers in the U.S., building solar farms and providing consumers with alternative ways to access clean energy. CleanChoice is defining farm-to-table clean energy, making it easy for people to live cleaner lives with pollution-free, renewable energy for their homes and businesses. With CleanChoice, every kilowatt of electricity used is replenished onto the grid with 100% clean energy from regional wind and solar projects. Founded in 2012, CleanChoice has become one of the fastest-growing businesses in America, as ranked on the Inc 5000 and Deloitte’s Technology Fast 500™. CleanChoice Energy is majority-owned by Funds managed by True Green Capital Management LLC. For more information or to become a clean energy customer, visit CleanChoiceEnergy.com.

    ABOUT PROSPECT14
    Founded in 2017 and headquartered in Ardmore, Pennsylvania, Prospect14 focuses on the scaled origination and development of distributed solar energy projects in multiple markets in the United States. Since its inception, Prospect14 has originated more than 6.5 GWdc of solar and solar + storage projects. For more information, please visit http://www.prospect14.com.

    Media Contact:

    Debbie Ehrman
    FINN Partners
    CleanChoiceEnergy@finnpartners.com

    Kate Colarulli
    Chief Corporate Development Officer
    Mobile: +1 202 380 8936
    kate.colarulli@cleanchoice.com

    The MIL Network –

    January 23, 2025

  • MIL-OSI USA: Governor Murphy Announces Second Round of Medical Debt Elimination, Totaling $120 Million in Debt Abolished for 77,000 New Jerseyans

    Source: US State of New Jersey

    Nearly two months after effectuating the first round of medical debt abolishment through the State’s partnership with Undue Medical Debt, Governor Phil Murphy today announced that 77,000 eligible individuals and families across New Jersey are set to benefit from the elimination of an additional $120 million in medical debt. Governor Murphy sat down with Andrew Rose Gregory, who was a special guest at the 2024 State of the State Address, to discuss the announcement. Andrew and his wife, Casey, partnered with Undue and raised $1.1 million following her passing to help eliminate medical debt for others. The video is available here.

    By leveraging approximately $900,000 in American Rescue Plan funds, Undue has worked with the Atlantic Health System to identify and purchase qualifying, unpayable medical debts. Impacted residents may have all or some of their debts abolished as part of the Governor’s mission to make health care more affordable and accessible. Through the State’s partnership with Undue, $220 million in medical debt has been eliminated for 127,000 New Jersey residents so far.

    “Investing in affordable and accessible health care allows residents to prioritize their well-being without having to take on the significant burdens of medical debt, which has long served as a debilitating barrier to receiving the life-saving care and services they deserve,” said Governor Murphy. “That is why our Administration has taken action to both protect residents from accumulating debt and eliminate existing debt so that New Jerseyans can focus on what matters most: their health. Today’s announcement marks a monumental step forward and builds upon our efforts to create a health care system that relieves financial constraints and ensures quality, comprehensive care is within reach of every New Jerseyan.”

    “With Governor Murphy’s persistent focus on health care affordability and access for New Jerseyans, we are pleased to announce another round of medical debt abolishment for tens of thousands of residents and families,” said Shabnam Salih, Director of the Office of Health Care Affordability and Transparency. “Today’s announcement is lifting the burden of $120 million in debt off their shoulders, helping to bring some peace of mind and comfort next time they have to see a doctor or visit the hospital for care.”

    Earlier this year, the Governor signed the Louisa Carman Medical Debt Relief Act, which safeguards New Jersey families from accumulating medical debt, protects against predatory medical debt collectors, and prohibits the reporting of medical debt to credit reporting agencies. New Jersey is a leading state in consumer protection policies and supports for residents, being one of only five states in the nation that both prohibits medical debt reporting to credit agencies and has allocated funding to provide residents with direct medical debt relief.

    “We’re proud to partner with the state of New Jersey, Governor Murphy and Atlantic Health on this impactful medical debt abolishment that follows closely on the heels of the initial $100 million of medical debt already erased,” said Undue Medical Debt CEO and president Allison Sesso. “New Jersey is a great example of a state that’s erasing medical debts weighing down its most financially burdened residents while also taking legislative action to lessen the burden of medical debt overall.”

    “As Casey and I prepared for her to die in home hospice, we decided that after her death we would raise money to forgive others’ medical debt in her honor. We were keenly aware of how lucky we were that our finances hadn’t been demolished by America’s health care system during Casey’s long and arduous treatment. Casey’s corporate insurance through her work as a publisher at Penguin Random House had been our shield. But we had met so many other patients and families that were not so lucky as us, and had gone into debt or even denied care because of a lack of insurance,” said Andrew Gregory. “In the last weeks of her life, Casey and I often listened to the Stevie Wonder song Come Back as a Flower: I wish that I could come back as a flower / as a flower / to spread the sweetness of love. As news of Casey’s death, and her wish to forgive others’ medical debt, spread across the world after she died, her campaign raised $1.1 million, forgiving almost $45 million with at least $65 million more of un-payable medical debt still slated to be relieved. She is no longer with us but I still say to her, Casey, Casey, you have come back as a flower.”

    There is no application process for medical debt relief. Undue works with hospital systems across the country to purchase large, bundled portfolios of past-due medical debt belonging to those least able to pay for pennies on the dollar. Instead of trying to collect, Undue erases the debt.

    “When I received my letter [notifying] me that my medical expenses were covered, I felt so blessed and happy. I’m a single mom; I had to take a leave of absence so that I could have surgery and I have no way to pay my medical bills. I work so hard in this country, but it is really difficult to [pay] for my house and bills without any assistance. Thank you so much, Governor Phil Murphy,” said Brunilda from Newark, NJ, one of almost 50,000 New Jerseyans to have medical debt abolished this August.

    “Thank you for helping. I lost my job and then got terribly sick. I couldn’t afford medication, couldn’t afford to pay rent and my bills were coming in back-to-back. I’m trying to get my financial situation back together and this really does help me. Thank you,” said Angela from Dover, NJ, one of almost 50,000 New Jerseyans to have medical debt abolished this August.

    “Like many families throughout the United States, I worked a job for 25+ years that did not offer health benefits. I often had to make a strategic decision about whether my illness or injuries were worth visiting the hospitals or doctor for. Living off of minimum wage, taking care of my ailing mother, paying rent and other expenses — it was just impossible for me to pay my hospital bills. Even with expensive health insurance, high co-pays make it difficult for many American families to [afford care]. Thank you, Undue, for relieving me of this burden. For once, [I felt] great joy finally receiving some good news in the mail!” said Antoinette from Jackson, NJ, one of almost 50,000 New Jerseyans to have medical debt abolished this August.

    Those who qualify for medical debt relief are either four times or below the federal poverty level or have medical debts that equal 5% or more of their annual income. These are the only criteria for relief. For this round of debt abolishment, Undue worked with Atlantic Health System to identify unpaid medical debts that qualify for erasure. This is a one-time abolishment to help remove the financial and emotional burden of unpayable medical debts. Medical debt relief is source-based, depending on community-minded providers like hospitals who choose to engage. 

    Those benefiting from medical debt relief will receive an Undue branded letter in the mail beginning Thursday, October 17, 2024. Learn more about Undue here.

    MIL OSI USA News –

    January 23, 2025

  • MIL-OSI USA: Ciscomani Visits Pacheco Farm in Marana

    Source: United States House of Representatives – Congressman Juan Ciscomani (Arizona)

    Marana, AZ – On Thursday, October 10, 2024, U.S. Congressman Juan Ciscomani (AZ-06) visited Pacheco Farms in Marana to tour their facilities and discuss the importance of passing the Farm Bill alongside the Arizona Farm Bureau and the Arizona Cotton Growers Association. 

    “As one of Arizona’s five “C’s”, cotton is critical to our local economy and a staple of our nation’s textile industry,” said Ciscomani. “It was a pleasure to visit the historic Pacheco Farm in Marana and speak with the Arizona Farm Bureau and Cotton Growers Association about the need to pass a Farm Bill that provides the agriculture industry with the proper tools and support they need.” 

    The Farm Bill is a legislative package that establishes the priorities and policies of the agriculture industry for a five-year period. Additionally, the Farm Bill’s nutrition programs provide critical nutrition assistance to millions of Americans. The current Farm Bill, which was passed in 2018 and reauthorized in 2023, will expire this year.  

    Background: 

    • On May 24, 2024, the House Agriculture Committee passed the Farm, Food, and National Security Act of 2024 (H.R. 8467)  to reauthorize the Farm Bill.  

    • In September 2024, Ciscomani joined a majority of his House Republican colleagues in a letter urging House GOP leadership to prioritize passage of a Farm Bill that meets the needs.  

    • Ciscomani wrote a joint op-ed with Arizona Farm Bureau President Stefanie Smallhouse advocating for the critical need to pass a Farm Bill. 

    ###

    MIL OSI USA News –

    January 23, 2025

  • MIL-OSI USA: This Week in NJ – October 11th, 2024

    Source: US State of New Jersey

    Biden-Harris Administration Issues Final Rule Requiring Replacement of Lead Pipes Within 10 Years, Announces $44M in Funding to New Jersey to Provide Clean Water to Schools and Homes

    The Biden-Harris Administration issued a final rule requiring drinking water systems across the country to identify and replace lead pipes within 10 years. The Lead and Copper Rule Improvements (LCRI) also require more rigorous testing of drinking water and a lower threshold for communities to take action on lead in drinking water to protect people from lead exposure. In addition, the final rule improves communication within communities so that families are better informed about the risk of lead in drinking water, the location of lead pipes, and plans for replacing them. This final rule is part of the President’s commitment to replace every lead pipe in the country within a decade, making sure that all communities can turn on the tap and drink clean water.

    Alongside the Lead and Copper Rule Improvements, the EPA announced $44,199,000 in newly available drinking water infrastructure funding for New Jersey through the Bipartisan Infrastructure Law. This funding will flow through the drinking water state revolving funds (DWSRFs) and is available to support lead pipe replacement and inventory projects. Additionally, 49% of the funding must be provided to disadvantaged communities as grant funding or principal forgiveness that does not have to be repaid. The EPA also announced the availability of $35 million in competitive grant funding for reducing lead in drinking water. Communities are invited to apply directly for grant funding through this program. Additional federal funding is available to support lead pipe replacement projects and EPA has developed a website identifying available funding sources.

    “We are grateful to the Biden-Harris Administration, New Jersey’s congressional delegation, and the Environmental Protection Agency for their continued support in helping us build a cleaner and healthier Garden State through the Bipartisan Infrastructure Law,” said Governor Murphy. “This newly announced funding will help New Jersey communities with the vital task of replacing all lead pipes within the next ten years as we work to ensure that everyone in New Jersey has access to clean, safe drinking water. These critical investments in our drinking water infrastructure will help protect our children from lead exposure, create good-paying jobs for New Jerseyans, and ensure a stronger drinking water system for generations to come.”

    READ MORE

    First Lady Tammy Murphy Hosts 21st Successful Family Festival in Vineland

    First Lady Tammy Murphy hosted her 21st Nurture NJ Family Festival in Vineland on Saturday, October 5, creating a one-stop-shop for 1,500 attendees to access crucial resources to aid them in growing their families and raising children in the Garden State. The event connected families with information on accessing state, county and local resources spanning from health and child care to housing support and food assistance, among many more supports to help new parents.

    “Our Family Festivals have proven to be a powerful tool in connecting New Jerseyans with the resources necessary to help support their growing families,” said First Lady Tammy Murphy. “We know that raising children comes with a whole host of challenges and rewards, and we are committed to being there every step of the way through our innovative initiatives to uplift mothers and babies. In a rural county like Cumberland, accessing care can be burdensome. That’s why I am thankful to our dedicated partners for helping to make today a success and for their constant partnership as we all work to make Cumberland County – and all of New Jersey – the safest and most equitable place  in the nation to have a baby and raise a family.”

    Vineland has a 43 percent Hispanic and Latino population. New Jersey’s Maternal Mortality Report for the years 2016-2018 showed that Hispanic mothers were three and a half times more likely to die of maternity-related complications than white mothers. According to data from the Centers for Disease Control and Prevention, the mortality rate for Hispanic babies is nearly one and a half times that of white babies. Among all demographics, Cumberland County has the highest infant mortality rate and teen pregnancy rate in the state.

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    New Jersey Army National Guard Prepares for Hurricane Milton Support to Florida Division of Emergency Management

    The New Jersey Army National Guard announced the deployment of approximately 80 Soldiers and 30 military vehicles to support Hurricane Milton response operations in Camp Blanding, Florida. A convoy from the 143d Transportation Company and 253d Transportation Company, 42d Regional Support Group arrived in Florida following the landfall of Hurricane Milton.


    “Our thoughts and prayers are with the people of Florida as a second massive storm in as many weeks bears down on our nation’s Gulf Coast,” said Governor Phil Murphy. “New Jersey is committed to doing everything possible to assist Floridians impacted by Hurricane Milton—including sending a convoy to support the Florida Division of Emergency Management.”

    Upon arrival to Camp Blanding, the unit coordinated with the Florida Division of Emergency Management and the Florida National Guard. Tasks include transportation of Florida National Guard personnel into weather-impacted areas and delivery of commodities to or from points of distribution.

    “Floridians are family, and we know from personal experience what hurricane recovery means for our communities,” said Colonel Yvonne L. Mays, Acting Adjutant General of New Jersey. “Our Soldiers are trained and ready to support our neighbors in need.”

    New Jersey responded to Florida’s request for support through the Emergency Management Assistance Compact (EMAC), the nation’s state-to-state mutual aid agreement. EMAC matches personnel, equipment, and commodities to assist response and recovery efforts across all 50 states, the District of Columbia, and four territories.

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    AG Platkin Sues TikTok for Unlawful Practices That Harm NJ Youth

    Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced that after a multiyear investigation, they are suing social media giant TikTok for deceptive, unconscionable, and abusive business practices that harm the health and safety of New Jersey’s youth.

    The complaint, which was filed temporarily under seal in the Superior Court of New Jersey, Chancery Division, Essex County, alleges multiple violations of the New Jersey Consumer Fraud Act (CFA). Other Attorneys General are filing similar lawsuits across the country.

    “Our investigation shows that TikTok knows about the dangerous effects of its platform on young users, and can mitigate these harms, but has deliberately chosen not to do so,” said Attorney General Platkin. “As a parent and as the chief law enforcement officer for New Jersey, I’m here to tell TikTok, as I have told other social media companies in the past, that our kids are more than just data points to be monetized to advertisers to the detriment of their mental and physical health.”

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    New Jersey’s Minimum Wage to Increase to $15.49/Hour for Most Employees on Jan. 1

    New Jersey’s statewide minimum wage will increase by $0.36 to $15.49 per hour for most employees, effective January 1, 2025.

    Pursuant to Article 1, Paragraph 23, of the New Jersey Constitution, and N.J.A.C. 12: 56-3.1(c), the New Jersey Department of Labor and Workforce Development (NJDOL) sets the minimum wage for the coming year based on any increase in Consumer Price Index (CPI) data provided by the U.S. Bureau of Labor Statistics.

    “Aligning the state minimum wage with any increases in the cost of living is a critical step towards economic fairness and security for all New Jersey workers,” said Labor Commissioner Robert Asaro-Angelo. “This adjustment fosters a more equitable economy and ensures our workforce can continue to thrive.”

    READ MORE

    MIL OSI USA News –

    January 23, 2025

  • MIL-OSI Global: Religious hate crimes in England and Wales are at a record high – but many still go unreported

    Source: The Conversation – UK – By Peter Hopkins, Professor of Social Geography, Newcastle University

    Shutterstock

    Religious hate crimes in England and Wales are at record levels. New Home Office statistics reveal that although hate crime overall saw an annual decrease of 5% in the year to March 2024, there was a 25% increase in religious hate crimes.

    Hate crimes against Jewish people more than doubled from the previous year, making up 33% of religion-based hate crime in the new figures. Those against Muslims rose by 13%, making up 38% of the total.

    There was a sharp increase in reported incidents against both Jewish and Muslim people after the Israel-Hamas conflict began in October 2023. While the total number of offences has since declined, it is still higher than before the conflict began.

    These figures reflect police-recorded hate crime, but other organisations also track these incidents. The organisation Tell Mama, which tracks anti-Muslim hate, recorded a 335% increase in cases in the months after October 7 2023 compared to the year before. And the Community Security Trust tracked a 147% rise in anti-Jewish hate in 2023 compared to 2022. Of these incidents, 66% were on or after October 7.

    The October 7 attacks are an example of a trigger event that usually precedes a spike in hate crime. These events can “galvanise tensions and sentiments against the suspected perpetrators and groups associated with them”.

    Trigger events can be one-off events or last only a short period of time, but the continuing high levels of hate crime that the UK has seen over the past year is still likely due to the ongoing situation in the Middle East.

    These trends had been increasing worldwide, and not only since the latest conflict. A UN report in 2021 found that Islamophobia had reached “epidemic proportions”. Additionally, as my colleagues and I have found in our research, such racism is also experienced by a diverse range of ethnic groups and not only Muslims. A rise in antisemitism has been recorded around the world too.

    Unreported hate

    Not only are the latest statistics in the UK alarming, they are only the tip of the iceberg. As my work on the inquiry into Islamophobia in Scotland found, many incidents go unreported.

    We found that many did not report incidents due to concerns about institutional racism in the police and a lack of confidence in policing and in the criminal justice system. Added to this were worries about not having enough evidence, the incident not being “serious enough”, and fear of reprisal. Some even felt that it happened so often that there was “no point” in reporting it.

    Anti-Jewish hatred has risen in the UK since October 7 2023.
    Shutterstock

    The long-term impacts of hate crime are deeply concerning. Victims who experience constant discrimination are likely to experience poor health outcomes and premature ageing.

    The rising numbers also promote a culture of fear that can discourage members of ethnic or religious minority groups from participating fully in society.
    My colleagues and I have found in our research that Islamophobia and prejudice has stopped some Muslims from participating in politics and going out to socialise.

    Encouragingly, however, others chose to become more active in their communities in order to challenge stereotypes about Muslims.

    Making prejudice mainstream

    In addition to the trigger event of the Israel-Hamas war, there are a number of factors that contribute to rising hate crime, particularly against Muslims.

    First is the prevalence of organisations and individuals, including media outlets, online influencers, far-right think-tanks and political figures who promote anti-Muslim messaging and hatred.

    The rise of far-right politics around the world plays a role. The election of Donald Trump, as well as
    recent electoral gains by Marine Le Pen in France, the Freedom Party in Austria and Reform UK show how such politics are seeping into the mainstream.

    But even supposedly centrist politicians spread narratives that contribute to Islamophobia and racism. For example, former prime minister David Cameron decried the failure of multiculturalism and this message was repeated by Suella Braverman when she was home secretary.

    This perpetuates the idea that it is not possible for different ethnic and religious groups to live in harmony. I would argue this provides an ideal platform for the promotion of Islamophobia.

    Mainstream media outlets and social media also shape the narratives that contribute to a culture of fear around Muslims. High profile acts of religious hatred, such as the atrocities committed by Anders Breivik in Oslo in 2011 or by Brenton Tarrant in Christchurch in 2019, tend to be put down to a “lone wolf” or to be regarded as “fringe incidents”, rather than part of a wider problem to be addressed. Both Breivik and Tarrant promoted white supremacy and were explicitly anti-Muslim.

    The spread of inaccurate information on social media has stirred up Islamophobia, antisemitism and racism, and led to violence against migrants. This was seen in the far-right riots in summer 2024 following the fatal stabbing of three young girls in Southport, near Liverpool.

    According to a report by the Center for Countering Digital Hate, a false name and disinformation suggesting the attacker was Muslim reached around 1.7 billion people across several platforms.

    The long history of Islamophobia in Britain can be traced back to the response to the 9/11 terror attacks and the “war on terror”. The UK’s counter-terrorism programme Prevent has made life intolerable for Muslims by promoting the idea that all Muslims are potential terrorists and a threat to security.

    The obsession with this approach persists internationally despite the existence of several alternatives, yet it urgently needs to be replaced alongside the thinking that supports it.

    The result of all this is that Islamophobia has flourished in the UK without being called out by those in power. This must be challenged if we want to see a reduction in racially and religiously motivated hate crime.

    Peter Hopkins receives funding from the Leverhulme Trust.

    – ref. Religious hate crimes in England and Wales are at a record high – but many still go unreported – https://theconversation.com/religious-hate-crimes-in-england-and-wales-are-at-a-record-high-but-many-still-go-unreported-241071

    MIL OSI – Global Reports –

    January 23, 2025

  • MIL-OSI Global: How profits from big pharma’s use of genetic information could revolutionise nature conservation

    Source: The Conversation – UK – By Eleanor Jane Milner-Gulland, Tasso Leventis Professor of Biodiversity, University of Oxford

    The blood of rare horseshoe crabs is sometimes used in the development of vaccines. Sinhyu Photographer/Shutterstock

    The blue blood of threatened horseshoe crabs contains a chemical essential for testing the safety of vaccines. So these ancient creatures are highly sought after by pharmaceutical companies worldwide, contributing to declines in their populations.

    While species are disappearing at alarming rates, with a global biodiversity financing gap of US$600 billion to US$800 billion (£460 billion to £610 billion) annually, the genetic information of rare plants and animals is a commercially valuable resource.

    Advances in technology now allow the rapid sequencing and sharing of genetic data, bringing huge benefits (and profits) for biotechnology and medicine. However, it also opens the door to “biopiracy”: the unethical or unlawful appropriation of biological resources, typically from countries or Indigenous communities in developing countries.

    Even if genetic information is obtained and used appropriately and within the law, important ethical, legal and financial questions still arise: who owns the genetic data derived from nature, and how can we ensure fair sharing of the benefits derived from their use?

    A key debate at Cop16, the upcoming UN biodiversity conference, will be how best to channel funding into protecting valuable biological resources. If done properly, people can benefit from the genetic information that nature contains, while ensuring that those conserving these resources, particularly Indigenous people, are properly compensated financially for their efforts.

    Our recent paper argues that rules of fair allocation, which have been around since the time of Aristotle, offer a potential way forward.

    Genetic information extracted from living organisms can now be easily digitised and shared across borders. This practice, often referred to as digital sequence information (DSI), plays a pivotal role in advancing research in fields such as medicine, agriculture and environmental science.

    For example, the genome of the COVID-19 virus was digitally sequenced and shared globally, enabling researchers worldwide to use that DSI to develop vaccines quickly.

    Yet, this leads to ethical and legal challenges. The genetic codes of plants and animals from all over the world are stored in international databases, often without proper acknowledgement or compensation to the countries or communities where these sequences originated.

    Countries with rich biodiversity, particularly in developing countries, have raised concerns that their genetic resources are being used – and in some cases monetised and commercialised – without approval or fair compensation. Indigenous peoples and local communities have similar concerns.

    So, who owns genetic data? It depends.

    The ownership of genetic data derived from plants and animals has become a grey area. In theory, countries have sovereignty over their biodiversity, as stipulated in an international agreement adopted in 2010 called the Nagoya protocol. This mandates that countries sharing their biological resources should be compensated through access and benefit-sharing agreements.

    Genetic codes of rare plants aren’t currently owned by their country of origin.
    Polonio Video/Shutterstock

    However, the concept of DSI has complicated these agreements. When genetic data is transformed into a digital format and stored in databases, it is not always clear whether the original country still holds any rights over that data.

    Should the digital sequence information of a rare Amazonian plant, for example, belong to the country where it was found, or is it now part of a global commons available to any researcher or commercial entity? Currently, there is no universal agreement on DSI, and with companies and research institutions using genetic data freely, this opens the door to the next wave of biopiracy

    Biopiracy has been a historical problem, long before digital data entered the picture. For decades, pharmaceutical and agricultural companies have sourced plant and animal materials from the Amazon rainforest or African savannas. They patented products based on those materials and profited without compensating source countries or Indigenous peoples and local communities who may have used these species for generations.

    Now this issue extends beyond physical specimens. The real treasure lies in the genetic information itself. When genetic data is digitised and shared globally, it becomes challenging to trace its origins and hold companies accountable for unauthorised use.

    In the absence of benefit-sharing mechanisms (formal ways to share the monetary and non-monetary benefits of using biodiversity with those who bear the costs of conserving it), companies can patent discoveries derived from DSI, with profits flowing to corporations and research institutions in developed countries.

    Meanwhile, low-to-middle-income nations that are home to these resources and the communities that protect them do not benefit. We argue this is unjust and contributes towards the continued undervaluation and therefore degradation of biodiversity.

    A new genetic code

    At Cop16, a potential solution is up for a negotiation: a global system governing the exchange of DSI, including a multilateral fund into which companies which benefit from DSI would contribute.

    This fund would be used to pay for action to conserve biodiversity, with a specific priority given to funding for Indigenous peoples and local communities, women and youth. As well as providing compensation for stewardship of the biodiverse ecosystems that contain these genetic resources, funding can be used for training and capacity-building (such as genetic research), which could start to compensate for longstanding inequalities of opportunity that are built into today’s research and commercialisation systems.

    Many questions remain as to how this fund would work. That will be negotiated at Cop16. One particular challenge is determining how to implement mechanisms to distribute this fund that are fair, enforceable, and do not overburden countries or companies.

    Proposed solutions are grounded in rules of fair allocation. Pharmaceutical companies using DSI could contribute in proportion to their profits or revenues. Beneficiaries could receive payment or other benefits according to criteria such as the levels of biodiversity conserved, threats to biodiversity and financial need.

    This multilateral fund could be a major contributor to conservation finance, and one which is directed at those who actually conserve biodiversity on the ground. It has been described as a potentially “historic breakthrough” by the executive secretary of the convention on biological diversity.

    But there are still major hurdles to overcome. Big pharma companies are resistant due to the potential financial implications. There has been limited engagement from the conservation community, perhaps because fair sharing of the benefits from genetic materials appears much less immediately pressing than the conservation of wild species and their habitats.

    If successful, this could represent a major step towards generating the finance that is desperately needed to support nature conservation. It would set a precedent for similar mechanisms to ensure that those benefiting from using nature pay for the cost of conserving or restoring it – just like bycatch taxes in commercial fisheries or pollution taxes on large agribusinesses.

    We believe that this proposal could be revolutionary if it succeeds in channelling large amounts of biodiversity finance to where it is most needed in a fair and equitable way. Genetic data should not only be seen as a resource that generates new drugs and technologies, but as a shared asset of humanity, with the rights and sovereignty of nature’s stewards properly respected and valued.


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

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 35,000+ readers who’ve subscribed so far.

    Eleanor Jane Milner-Gulland receives funding from UKRI, Research England Development Fund, Login5 Foundation, IKI, Defra, USFWS, Leverhulme Trust and the Leventis Foundation. She is a member of the UK government’s Defra Biodiversity Evidence Committee, chairs the Darwin Expert Committee, a member of IUCN-SSC, and the Nature Positive Initiative.

    Dale Squires was supported by an Oxford Martin School Visiting Fellowship.

    Hollie Booth receives funding from the UK Darwin Initiative. As well as University of Oxford she is affiliated with The Biodiversity Consultancy and Kebersamaan Untuk Lautan.

    – ref. How profits from big pharma’s use of genetic information could revolutionise nature conservation – https://theconversation.com/how-profits-from-big-pharmas-use-of-genetic-information-could-revolutionise-nature-conservation-240565

    MIL OSI – Global Reports –

    January 23, 2025

  • MIL-OSI United Kingdom: Homes England invests in Schroders Capital’s Real Estate Impact Fund

    Source: United Kingdom – Executive Government & Departments

    Schroders Capital’s Real Estate Impact Fund (SCREIF) has received a £50 million investment from Homes England, the government’s housing and regeneration agency, underlining the key role this market-leading investment strategy has in addressing social inequality in the UK

    The investment was today confirmed as part of a package of key measures announced by the UK’s Ministry of Housing, Communities and Local Government (sponsor of Homes England) and HM Treasury, following a roundtable hosted by the Chief Secretary to the Treasury, as part of the UK Government’s programme of activities to support its high-profile International Investment Summit.

    The Summit has been focused on driving investment and growth across the UK, with up to 300 industry leaders attending alongside the UK Prime Minister Keir Starmer, Chancellor Rachel Reeves and Business and Trade Secretary Jonathan Reynolds.

    SCREIF is a real estate focused strategy with the dual aims of delivering a positive social and environmental impact in addition to securing appropriate risk adjusted returns for investors. Last month, the strategy became only the second real estate fund in the UK to receive approval from the Financial Conduct Authority to use the ‘Sustainability Impact’ label under SDR.

    With a residential-led approach, the fund is predominantly focused on addressing the UK’s housing crisis, specifically, the shortage of social and affordable accommodation and the regeneration of town centres. The fund aims to ensure that its investments are made in accessible and resilient locations, with access to green space, public transport, schools and GPs.

    The investment from Homes England will increase the ability of the fund to grow and invest more widely across the UK and secure further allocations from pension funds, insurers and foundations.

    Chris Santer, Schroders Impact Fund Manager, Schroders Capital’s Real Estate team, said:

    This investment by Homes England is a clear indication of the absolutely vital role this fund is looking to play in the UK by delivering real and tangible change. Our homes, and the built environment around us, impact our daily lives. We believe this allocation from the public sector will be catalytic in unlocking further institutional investments, boosting broader confidence and interest in this key sector meaning the fund can enable more communities to thrive across the UK.

    Peter Denton, Homes England Chief Executive, said:  

    This is a brilliant example of how public and private sector organisations can get behind a clear and common aim – namely supporting social justice and thriving communities. Our commitment aims to help spark deep and diverse market investment from a range of institutions. Fundamentally, this is about coming together to accelerate regeneration and the creation of affordable, high-quality homes within sustainable, thriving places that people, especially those in more deprived areas, want, need and deserve.

    For further information, please contact:

    Andy Pearce, Head of Media Relations +44 20 7658 2203 andy.pearce@Schroders.com
    Rachael Dowers, PR Manager +44 207 658 2086 rachael.dowers@schroders.com
    Justine Crestois, PR Executive +44 20 7658 5186 justine.crestois@schroders.com

    Note to Editors

    To view the latest press releases from Schroders visit: Media Centre | Schroders global

    Schroders Capital

    Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates.

    The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.  

    With $97.3 billion (£77.0 billion; €90.8 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists). 

    *Assets under management as at 30 June 2024 (including non-fee earning dry powder and in-house cross holdings)

    Schroders plc

    Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £773.7 billion (€912.6 billion; $978.1 billion) of assets under management at 30 June 2024. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.

    Schroders’ success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

    Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

    About Homes England

    Homes England is the government’s homes and regeneration agency.  It drives the creation of more high-quality homes and thriving places so that everyone has a place to live and thrive. The Agency’s team work in partnership with thousands of public and private bodies including local authorities, home builders, developers, affordable housing providers, commercial real estate companies and financial institutions to make this happen. For more information visit: Homes England – GOV.UK (www.gov.uk)

    Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority.  For regular updates by e-mail please register online at http://www.schroders.com for our alerting service.

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    Published 15 October 2024

    MIL OSI United Kingdom –

    January 23, 2025

  • MIL-OSI Global: Salem’s Lot: a faithful but shallow adaptation of Stephen King’s classic vampire novel

    Source: The Conversation – UK – By Andrew Dix, Senior Lecturer in American Literature and Film, Loughborough University

    The vampire story dwells among the undead of literary and cinematic genres, ever available for reanimation. This year alone has seen the publication of more than 30 vampire novels in the US (from Rachel Harrison’s So Thirsty to K. M. Enright’s Mistress of Lies), alongside the release of several vampire movies, including Abigail (with Nosferatu, rebooting the silent German classic, due at Christmas).

    Now comes Salem’s Lot. Written and directed by Gary Dauberman, it’s the first feature-film adaptation of the 1975 novel in which Stephen King set himself the thought experiment of transposing Bram Stoker’s Dracula to contemporary New England. The book has been adapted twice before, in 1979 and 2004, but each time as a TV miniseries.

    Of these precursors, the more interesting is the first, directed by Tobe Hooper. Made five years after The Texas Chain Saw Massacre, it signified Hooper’s move towards the mainstream, while retaining some gory scenes and choppy editing reminiscent of his old grindhouse aesthetic.

    The new Salem’s Lot begins with a series of maps that trace how the master vampire, concealed in a chest, has reached Maine. The film’s own passage, stalled for years by the calculations of marketers and schedulers, has been equally arduous. It arrives now rather belatedly and without blockbuster flourish. While UK King fans can enjoy it on the big screen, it is consumable in most other locations only via the streaming service Max.

    The trailer for Salem’s Lot.

    Literary and film scholar Robert Stam offers a profusion of terms to describe the work undertaken by screen adaptations. They may, for example, “rewrite”, “transmute” or even “critique” their source-texts. Indicating a gentler kind of process, however, Stam also allows that an adaptation can offer an “incarnation” or “performance” of the material it is adapting. Performing Salem’s Lot in this sense, responding in audio-visual form to King’s prompts and refusing major reinventions, appears to be Dauberman’s goal.

    King is a successor not only to Stoker and other horror writers such as H. P. Lovecraft, but to the late-19th century “local colorists” in New England, who attentively documented the sights and sounds of their region. On the page, Salem’s Lot is visually abundant. The new adaptation attempts to be similarly conscientious.

    Dauberman takes care in matters of colour and lighting. A church’s doors, shut against the vampiric menace, glow a vivid red. Two boys walk through a wood silhouetted at sunset, their bodies ominously already lacking substance against a sky that is turning from pink to black. There are other visual pleasures, too, representing a shift away from Hooper’s version, where the shots are rougher-edged and decidedly non-pictorial.

    The cast of this Salem’s Lot is likeable and struggles gamely, in the face of regular jump scares, to solicit audience engagement. Unlike Hammer’s Dracula adaptations, say, in which the monster has all the charisma, this is something of a democratic vampire film and devolves interest to members of the opposing force.

    A pleasing modification is also made to the overbearing whiteness of King’s narrative world, with two of the pluckiest vampire hunters reimagined as African American.

    Beyond the scare

    But if this latest adaptation of Salem’s Lot is easy enough on the eye, intellectually it is shallow. This matters, because the best vampire fictions prompt us not merely to be terrified, but to start interpreting – they generate meanings as well as scares.

    What, precisely, is signified by their monstrous protagonists? As expert in Victorian literature, Nina Auerbach, wrote in her still valuable book Our Vampires, Ourselves (1995): “No fear is only personal: it must steep itself in its political and ideological ambience, without which our solitary terrors have no contagious resonance.”

    Writing his novel in 1975, as the progressive dreams of the 1960s faded, King found in the vampire an apt image of power and cruelty in America. In his own words, from the afterword to Salem’s Lot: “I saw a metaphor for everything that was wrong with the society around me, where the rich got richer and the poor got welfare … if they were lucky.” When vampires strike in the book, there is therefore the sense of a nation at risk, not merely a few families or a handful of individuals.

    The new adaptation, by contrast, represses rather than invites such interpretive effort on our part. It carries across the novel’s mid-1970s setting, but is interested more in accurate period detailing – the right model of car, the appropriate hairstyle – than in substantive historical exploration. It also doesn’t use the category of the vampire movie to say something insightful about our own time: the post-COVID moment, for example, or the era of Donald Trump (a figure with rich vampiric possibilities).

    Dauberman’s version of Salem’s Lot is certainly respectful of its source-text (unsurprising, perhaps, with King himself listed among its executive producers). And it functions perfectly well as a showcase for the varied skills of props designer, prosthetic artist and special effects engineer. But, as a work of cultural and social inquiry, this latest vampire story is disappointingly de-fanged.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

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

    – ref. Salem’s Lot: a faithful but shallow adaptation of Stephen King’s classic vampire novel – https://theconversation.com/salems-lot-a-faithful-but-shallow-adaptation-of-stephen-kings-classic-vampire-novel-241278

    MIL OSI – Global Reports –

    January 23, 2025

  • MIL-OSI Economics: Suhaimi Ali: Transcending boundaries – advancing Takaful for sustainable growth

    Source: Bank for International Settlements

    This year is particularly momentous as we commemorate four decades of takaful since the enactment of the Takaful Act 1984. From a modest beginning, the size of takaful contribution has expanded nearly three times compared to a decade ago. Players have become more diverse and products have expanded to address different needs of households and businesses. The industry has also demonstrated resilience against challenging economic and financial conditions, while continuing to scale up and improving efficiency in delivering financial protection. This progress is imperative to respond to the higher expectations that stakeholders have on the industry to better serve the protection needs of society. Ahead of us, challenges remain significant – climate risk, ageing nation, cost of living pressures, advancement of technologies – all of which requires the industry to continue to innovate and be responsive to these needs. The adoption of VBIT principles is crucial to better align and guide the industry’s efforts to catalyse growth while contributing meaningfully to society.

    Distinguished guests, ladies and gentlemen,

    I am certainly pleased to be here, to see progress in the Value-Based Intermediation Takaful (VBIT) journey that began five years ago in 2019. I am delighted to be part of this important occasion and witness the collective commitment by industry players to foster a more ethical and impactful approach to takaful.

    Advancing value-based with clear demonstration of impactful outcomes

    As today’s conference is focused on Shariah values and measurements, I would like to highlight three imperatives that should guide industry’s efforts to implement the VBIT framework:

    • First, is the diversity and inclusivity of protection solutions, with alignment to national strategies and aspirations;
    • Second, is improvements to quality of services and conduct that reflects the fundamental values of Shariah; and
    • Third, is impact reporting guided by clear outcomes.

    Diversity and inclusivity of protection solutions

    Ladies and gentlemen,

    We acknowledge the ongoing exemplary efforts by takaful operators to improve financial well-being and inclusion. For example, expansion in the range of microtakaful products catering to the underprivileged segments, has been flourishing in the recent years. In 2023, these affordable and accessible protections have provided coverage to almost 970,000 individuals.

    We are also pleased to observe developments within the industry that support Bank Negara Malaysia’s Financial Sector Blueprint 2022-2026 vision to mainstream social finance, which now has use cases in the takaful sector. Before this, it is predominantly use cases in the banking sector. The innovative offerings of social blended takaful products enables a confluence of private and social funds where participants have the option to use their takaful benefits to contribute towards creation of a sustainable community.1

    We hope to see more synergistic collaborations where philanthropic capital blends with commercial funding to develop impactful protection solutions. These efforts would ensure continuous protection for vulnerable segments, including micro-entrepreneurs, gig workers, and the ageing population.

    Limited access to insurance and takaful for climate adaptation and resilience poses a significant challenge for Malaysian businesses, particularly SMEs. This limitation hinders their ability to effectively manage flood risks-Malaysia’s most frequent natural disaster- and slows recovery efforts, as insurance payouts are a crucial source of funding. Furthermore, common obstacles such as lengthy payout processes, inadequate product offerings, and insufficient coverage exacerbate the problem.2

    At our end, Bank Negara Malaysia remains committed to providing an enabling environment for the industry to test and introduce innovations. Industry players are urged to embrace the aspirations of the recently issued Exposure Draft on Broader Application of Ta`awun in Takaful. This provides a facilitative framework for industry players to explore new takaful models in promoting social cohesion and wealth distribution. For areas that may require regulatory flexibility, we welcome interest in tapping the Financial Technology Regulatory Sandbox. This allows innovations to be piloted and refined, thus accelerating the integration of VBIT in product solutioning. You may be interested to note that the Sandbox now incorporates a Green Lane. This accelerated track offers a simpler and quicker path for financial institutions with a strong track record in risk management to test innovative solutions that are facing regulatory impediments.

    For industry players aspiring to drive greater market competition via digitalisation, the formal application window to carry digital takaful business will be open on 2 January 2025 until 31 December 2026. We welcome prior consultation for those interested.

    Improvements to quality of services and conduct

    Efforts to diversify products and solutions must be paired with improvements in service quality and responsible conduct by market players and their intermediaries. The Customer Satisfaction Survey 2022 for the takaful and insurance industry revealed that while 74% of customers provided positive feedback on their experience, 23% expressed concerns, particularly on inefficiencies in claims processes and poor response from industry players and agents when reached for assistance.3 In Malaysia, the motor, medical and health segments have seen progress on this front through the roll out of digital roadside assistance solutions and the work to establish a central medical claims data platform, respectively. Malaysia’s experience in these two sectors illustrates that there is much to benefit from leveraging on technology.

    With technology, not only will the end-to-end experience of consumers – from securing access to takaful cover to the claims and settlement process – be elevated, but digital takaful solutions can go a long way towards increasing consumer trust on the value of takaful protection, enhancing product affordability through better risk pricing and expediting purchasing and claims experiences.

    Advancing impact reporting

    The VBIT value proposition through exemplary industry practice, is best showcased through meaningful disclosure, and this brings me to my next point, our aspirations for the Maqasid Shariah Scorecard (MSS), that will be launched today.

    I am encouraged to witness the industry’s efforts in developing the MSS, which I believe supports the Bank’s call for better impact creation through meaningful disclosures. While the scorecard is a measurement tool to demonstrate and validate VBIT based on Maqasid al-Shariah, it ultimately seeks to drive positive change in behaviour and measure broader outcomes to the community served by the takaful industry.

    Globally, impact-based reporting has grown in importance as more stakeholders demand for greater transparency in assessing performance beyond financial reporting. Impact reporting is most commonly demonstrated in the climate and sustainability space, where such reporting serves to demonstrate how companies and financial institutions support the broader ESG goals and SDG agenda.

    So given its pivotal role in the operationalisation of VBIT, it is crucial for the MSS to be well executed with clear alignment to operators’ business plans and operations. The successful implementation of MSS will facilitate ambitions for it to play a larger and deeper role, with the goal of elevating MSS as the benchmark reference for impact reporting, domestically and globally. As the next step, we urge the industry to consider what needs to be done for the MSS to be effectively implemented, commencing with strategies to ensure firm understanding of its objectives and measurement methodology by each industry player.

    Ladies and gentlemen,

    Before I conclude, may I remind ourselves that in implementing VBIT and MSS, the issues of skills and professionalism must be addressed. It is, therefore, critical for the industry to diligently build up expertise, thereby unlocking the full potential of its contribution towards amplifying social and economic impact. We commend efforts such as the VBIT Training Module launched today and hope that MTA and members continue to exert energy to address talent gaps towards building a highly capable and adaptable workforce.

    I trust the industry will maintain the momentum to continue accelerating the development of the takaful and retakaful industry through VBIT. May we all be guided by Surah An- Najm, verses 39 and 40, which mean: “And that man shall have nothing but what he strives for, and that his effort will soon be seen.”

    With that, I wish you a successful conference ahead. Thank you.

    MIL OSI Economics –

    January 23, 2025

  • MIL-OSI: Fortinet FortiGuard Labs Observes Darknet Activity Targeting the 2024 United States Presidential Election

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) —

    Derek Manky, Chief Security Strategist and VP of Global Threat Intelligence at Fortinet
    “As the 2024 U.S. presidential election approaches, it’s critical to recognize and understand the cyberthreats that may impact the integrity and trustworthiness of the election process and the welfare of the participating citizens. Cyber adversaries, including state-sponsored actors and hacktivist groups, are increasingly active leading up to major events like elections. Remaining vigilant and identifying and analyzing potential cyberthreats and vulnerabilities is crucial for preparing and safeguarding against the lures and targeted cyberattacks that could take advantage of a heightened moment in time and even disrupt or influence electoral outcomes.”

    News Summary
    Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today released its FortiGuard Labs Threat Intelligence Report: Threat Actors Targeting the 2024 U.S. Presidential Election, which reveals and analyzes threats tied to U.S.-based entities, voters, and the electoral process. Key findings from the threat intelligence report include:

    • Phishing Scams Targeting Voters Leading Up to the 2024 U.S. Presidential Election: Threat actors are selling affordable phishing kits on the darknet designed to target voters and donors by impersonating the presidential candidates and their campaigns.
    • Malicious Domain Registrations on the Rise: More than 1,000 new potentially malicious domains have also been registered since the beginning of 2024 that follow particular patterns and incorporate election-related content and candidates, suggesting that threat actors are leveraging the heightened interest surrounding the election to lure unsuspecting targets and potentially conduct malicious activities.
    • Darknet Landscape: Billions of records from the U.S. are for sale on darknet forums, including Social Security numbers (SSNs), personally identifiable information (PII), and credentials that could be used in misinformation campaigns and lead to fraudulent activity, phishing scams, and account takeover; approximately 3% of the posts on darknet forums involve databases related to business and government entities.
    • Ransomware Landscape: FortiGuard Labs researchers noted a 28% increase in ransomware attacks against the U.S. government year-over-year based on observed leak sites.

    Scams Targeting the U.S. 2024 Presidential Election Flood the Darknet
    Cyber adversaries, including state-sponsored actors and hacktivist groups, are increasingly active in the lead-up to elections.

    The FortiGuard Labs research team observed threat actors selling distinct phishing kits for $1,260 each, created to impersonate U.S. presidential candidates. These kits are designed to harvest personal information, including names, addresses, and credit card (donation) details.

    Since January 2024, FortiGuard Labs researchers have also identified more than 1,000 newly registered domain names that incorporate election-related terms and references to prominent political figures. Fraudulent fundraising websites, including secure[.]actsblues[.]com, meant to imitate the legitimate site for ActBlue (secure[.]actblue[.]com), a nonprofit American fundraising platform and political action committee.

    The top two most-used hosting providers for these election-themed websites are AMAZON-02 and CLOUDFLARENET. The reliance on major hosting platforms such as Amazon Web Services (AWS) and Cloudflare suggests that threat actors are leveraging these reputable services to enhance the legitimacy and resilience of their malicious domains.

    A notable concentration of domains is associated with a limited number of IP addresses, indicating a centralized approach by threat actors to efficiently manage multiple malicious domains to execute large-scale cyber campaigns.

    No Shortage of Personal Data Being Sold Aimed at the U.S.
    FortiGuard Labs analysis continues to show a significant number of diverse databases available on darknet forums targeting the U.S., including SSNs, usernames, email addresses, passwords, credit card data, date of birth, and other PII that could be used to challenge the integrity of the 2024 U.S. election. Specific highlights include:

    • Over 1.3 billion rows of combo lists, which include usernames, email addresses, and passwords, signify a considerable risk for credential-stuffing attacks. In such attacks, cybercriminals use these stolen credentials to gain unauthorized access to accounts, making it a valid and substantial security concern.
    • The discovery of 300,000 rows of credit card data, which include CVV, name, card number, expiration date, and date of birth, highlights potential financial fraud risks targeting voters and election officials.
    • Over 2 billion rows of user databases on the darknet indicate a heightened exposure to identity theft and targeted phishing attacks.
    • 10% of the posts on darknet forums are associated with SSN databases, which poses a significant threat by increasing the risk of personal data breaches.

    The U.S. Government Is an Increasingly Attractive Target
    Ransomware attacks targeting government agencies before an election can impact the electoral process and public trust in government institutions. Compared to 2023, the FortiGuard Labs research team observed a 28% spike in ransomware attacks against the U.S. government in 2024.

    The darknet has become a hub for U.S.-specific threats, where malicious actors trade sensitive information and can potentially develop strategies to exploit vulnerabilities. Approximately 3% of the posts on these forums involve databases related to business and government entities. These databases hold critical organizational data that is vulnerable to cyber exploits and are a prime target for threat actors as the elections come and go.

    Recommendations to Prevent and Mitigate Cyberattacks this Election Season
    Cybersecurity measures are critical to safeguard the integrity of the U.S. 2024 presidential election. Following fundamental best practices can help prevent and mitigate the effects of cyber incidents. The full list of recommendations and best practices can be found in the report, but some key takeaways for citizens, business leaders, and election officials include:

    • Always remain vigilant for suspicious behavior or activity leading up to major events and prioritize good cyber hygiene.
    • Prioritize employee training and awareness.
    • Enforce multi-factor authentication and a strong-password policy.
    • Install endpoint protection solutions.
    • Patch operating systems and web servers and update software regularly.

    About the Fortinet FortiGuard Labs Election Security Report

    • This report provides an in-depth analysis of threats observed from January 2024 to August 2024. It examines the diverse array of cyberthreats that may affect U.S.-based entities and the electoral process.

    Additional Resources

    About Fortinet
    Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including CERTs, government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

    Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Fortiva® Retail Credit Announces Second Look Partnership with Mor Furniture for Less

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Oct. 15, 2024 (GLOBE NEWSWIRE) — Fortiva® Retail Credit, the leader in second look point-of-sale financing, today announced a new partnership with Mor Furniture for Less, a premier furniture retailer on the West Coast that ranks among the top 100 furniture retailers in the US.

    The Fortiva Retail Credit program offers second look financing solutions that help businesses sell more goods by providing more consumers with access to credit. This partnership will allow Mor Furniture for Less to expand consumer financing options for home furnishings purchases. Fortiva Retail Credit’s market-leading technology and proprietary underwriting will help Mor Furniture for Less approve more consumers and facilitate a seamless consumer application process for customers in-store and online.

    “We are thrilled to announce our partnership with Mor Furniture for Less, offering a second look lending solution to optimize Mor Furniture’s consumer finance program,” said David Caruso, Chief Commercial Officer for Atlanticus Holdings Corporation. “Our commitment to offering more inclusive financial services to millions of everyday Americans is a core principle which aligns with Mor Furniture’s mission of delivering consumers the best value on quality merchandise.”

    Harold Linebarger, Chief Operating Officer for Mor Furniture, stated, “Partnerships which provide value to both the consumer and the retailer are essential to Mor’s success. Mor is thankful for the opportunity to provide even greater value to our valued customers and is looking forward to this new partnership.”

    About Fortiva Retail Credit
    Fortiva® Retail Credit is a technology-enabled second look point-of-sale consumer credit program issued by The Bank of Missouri. The omnichannel program leverages instant decisioning capabilities, deep underwriting analytics, and a paperless process to provide best-in-class retail finance solutions for its clients both in-store and online. This flexible technology platform provides consumers with a loan decision within seconds. Clients in markets such as furniture, big box/specialty retail, flooring, home improvement, HVAC, electronics, elective medical, health and fitness, home automation, and jewelry offer the Fortiva Retail Credit program for second look financing. The Fortiva® Retail Credit program is available throughout the United States, including Puerto Rico and the U.S. Virgin Islands. The Fortiva Retail Credit program is managed by subsidiaries of Atlanticus Holdings Corporation. For more information, please visit http://www.fortivaretailcredit.com

    About Mor Furniture for Less
    Mor Furniture for Less, established in 1977, is the largest furniture company on the West Coast with 38 stores in 7 states, offering a great selection and guaranteed low prices in all home furnishing categories: bedroom, mattresses, living room, small spaces furniture, and dining furniture. To learn more, visit http://www.morfurniture.com

    Contact:
    Media Relations
    media@atlanticus.com

    For more information:
    http://www.fortivaretailcredit.com

    The MIL Network –

    January 23, 2025

  • MIL-OSI: Crunchyroll partners with Bango to boost membership growth through Super Bundling

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, United Kingdom, Oct. 15, 2024 (GLOBE NEWSWIRE) — Crunchyroll has entered into an agreement with Bango (AIM: BGO) to further grow its international subscriber base through bundling partnerships with telcos and other third parties.

    Crunchyroll is the ultimate global brand for all things anime, offering the world’s largest dedicated streaming library with over 25,000 hours of content. With new series arriving every season, it remains the go-to destination for anime fans everywhere. Through its new partnership with Bango, Crunchyroll opens up the bundling of its subscription offer with mobile and broadband plans, as well as other consumer services such as bank accounts and retail clubs.

    As a leader in bundling technology, Bango takes care of all technical aspects of resellers creating and managing subscription bundles. It can also manage targeting offers such as trials and discounts that could include Crunchyroll in future.

    Telcos and other resellers will now be able to offer Crunchyroll in bundles, providing consumers with more cost-effective deals, and less administrative hassle. The partnership also opens up the opportunity for ‘Super Bundling’, making it easier for telcos to build Crunchyroll into their all-in-one subscription platforms and content hubs. Through this Bango agreement, Crunchyroll will be able to further expand its 14 million strong subscriber base through these new, indirect channels.

    Commenting on the partnership, Anil Malhotra, CMO at Bango, said, “Crunchyroll is the number one choice for anime fans across the globe, and bundling through third parties will continue to drive its rapid growth. Indirect subscriptions have become increasingly essential for the SVOD market, and we look forward to helping Crunchyroll capitalize on this emerging trend.

    “As consumers look for more flexibility, and to access more services in one place, Super Bundling represents a clear strategic step forward for brands like Crunchyroll to reach new audiences and further grow their subscriber base.”

    About Bango
    Bango enables content providers to reach more paying customers through global partnerships.

    Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

    The world’s largest content providers, including Amazon, Google and Microsoft, trust Bango technology to reach subscribers everywhere.

    Bango, where people subscribe. For more information, visit http://www.bango.com

    About Crunchyroll
    Crunchyroll is the global anime brand that fuels fans’ love of anime. With the ambition to make anime an even bigger part of pop culture, Crunchyroll offers fans the ultimate anime experience and destination centered around a premium streaming service. Crunchyroll has the largest dedicated anime library, an immersive world of events, exciting theatrical releases, unique games, must-have merchandise, timely news, and more. Anime is for everyone and is accessible to stream across territories through Crunchyroll—whether on the go on mobile, through gaming consoles and big-screen devices at home, or on desktops anywhere.

    Crunchyroll, LLC is an independently operated joint venture between U.S.-based Sony Pictures Entertainment and Japan’s Aniplex, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group.

    Media contact:
    Anil Malhotra, CMO, Bango
    anil@bango.com
    Tel: +44 7710 480 377

    The MIL Network –

    January 23, 2025

  • MIL-OSI Canada: Government of Canada to provide update on Public Lands for Homes Plan

    Source: Government of Canada News

    Media advisory

    The Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, will announce developments in the government’s efforts to address the national housing crisis and build more homes, faster.

    October 15, 2024

    Québec, Quebec – The Honourable Jean-Yves Duclos, Minister of Public Services and Procurement and Quebec Lieutenant, will announce developments in the government’s efforts to address the national housing crisis and build more homes, faster.

    There will be a media availability following the announcement.

    Please note that all details are subject to change and all times are local.

    Date: October 16, 2024
    Time: 10:00 AM
    Location:     Québec, Quebec

    Notes for media

    • Media wishing to attend this announcement are asked to confirm their participation by sending their full name and the name of the media organization they represent to Public Services and Procurement Canada Media Relations team to media@pwgsc-tpsgc.gc.ca by October 15, at 5:00 pm.
    • Please include “RSVP for October 16, 2024 Quebec Press Conference” in the subject line of the email.
    • Event location details will be shared once media are registered.
    • Media attending the event are asked to arrive no later than 9:45 am.

    Contacts

    For information (media only):

    Guillaume Bertrand
    Acting Director of Communications
    Office of the Honourable Jean-Yves Duclos
    418-564-9571
    guillaume.bertrand@tpsgc-pwgsc.gc.ca

    Media Relations
    Public Services and Procurement Canada
    819-420-5501
    media@pwgsc-tpsgc.gc.ca

    Follow us on X (Twitter)
    Follow us on Facebook

    MIL OSI Canada News –

    January 23, 2025
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