Category: KB

MIL-OSI: Navient holds 2025 annual shareholder meeting, appoints Edward Bramson as board chair

Source: GlobeNewswire (MIL-OSI)

HERNDON, Va., June 05, 2025 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI) today held its 2025 Annual Meeting of Shareholders. Shareholders voted in accordance with the recommendations of the company’s board of directors to approve three proposals, including the election of seven nominees to the board.

Linda Mills did not stand for reelection at the 2025 annual meeting. Ms. Mills joined the Navient board of directors in 2014 and served as chair since 2019.

“Linda’s leadership and service on the board since Navient’s inception are greatly appreciated,” said Dave Yowan, president and CEO of Navient. “Her valuable perspectives have been integral to Navient’s continued success.”

Also today, Edward Bramson was elected chair of the board of directors. The current directors are Edward Bramson, Frederick Arnold, Anna Escobedo Cabral, Larry Klane, Michael Lawson, Jane Thompson, and David Yowan.

Mr. Bramson is a partner in Sherborne Investors, a turnaround investment firm. He joined Navient’s board in 2022 and became vice chair in 2024. Mr. Bramson has also served as chairman or chief executive officer of several other publicly traded companies in a range of commercial and financial sectors.

Final voting results are available on a Form 8-K filed with the SEC at SEC.gov and on Navient.com/investors.

About Navient
Navient (Nasdaq: NAVI) provides technology-enabled education finance solutions that help millions of people achieve success. Learn more at navient.com.

Contact:
Media: Cate Fitzgerald, 317-806-8775, catherine.fitzgerald@navient.com
Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com

The MIL Network –

June 6, 2025

MIL-OSI: Firm Capital Property Trust Announces Results of Annual Meeting of Unitholders

Source: GlobeNewswire (MIL-OSI)

TORONTO, June 05, 2025 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust“), (TSX: FCD.UN) is pleased to announce the voting results for its Annual and Special Meeting of unitholders (“Unitholders”) of Trust Units (“Units”) of the Trust held on June 5, 2025 (the “Meeting”).

All the matters put forward before Unitholders for consideration and approval as set out in the Trust’s management information circular dated April 23, 2025 (the “Circular“) were approved by the requisite majority of votes cast at the Meeting. In particular, Unitholders approved the election of all trustee nominees, the approval of MNP LLP as the Trust’s auditors, approving for a period of three years, all unallocated options, rights and other entitlements issuable pursuant to the Trust’s option plan and approving for a period of three years, all unallocated entitlements issuable pursuant to the Trust’s incentive arrangements, all as described in the Circular. The results of the votes on the board of trustees of the Trust is as follows:

Nominee	Votes “For”	% Votes “For”	Votes “Withheld”	% of Votes “Withheld”
Geoffrey Bledin	9,172,015	99.4%	55,306	0.6%
Eli Dadouch	7,857,717	85.2%	1,369,604	14.8%
Stanley Goldfarb	9,120,792	98.8%	106,529	1.2%
Jonathan Mair	7,835,944	84.9%	1,391,377	15.1%
Robert McKee	7,835,844	84.9%	1,391,477	15.1%
Sandy Poklar	7,810,534	84.6%	1,416,787	15.4%
Lawrence Shulman	9,149,407	99.2%	77,914	0.8%
Howard Smuschkowitz	9,151,255	99.2%	76,066	0.8%
Manfred Walt	9,150,997	99.2%	76,324	0.8%
Victoria Granovski	7,812,809	84.7%	1,414,512	15.3%
Jeffrey Goldfarb	9,150,557	99.2%	77,264	0.8%

9,340,241 Units were represented by Unitholders in person or by proxy at the Meeting, representing approximately 25.3% of the total issued and outstanding Units at the record date for the Meeting. Full details of the voting results will be posted under the Trust’s profile on www.sedarplus.ca.

ABOUT FIRM CAPITAL PROPERTY TRUST (TSX : FCD.UN)

Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income. In partnership with management and industry leaders. The Trust’s plan is to own as well as to co-own a diversified property portfolio of multi-residential, flex industrial, and net lease convenience retail. In addition to stand alone accretive acquisitions, the Trust will make joint acquisitions with strong financial partners and acquisitions of partial interests from existing ownership groups, in a manner that provides liquidity to those selling owners and professional management for those remaining as partners. Firm Capital Realty Partners Inc., through a structure focused on an alignment of interests with the Trust sources, syndicates and property and asset manages investments on behalf of the Trust.

FORWARD LOOKING INFORMATION

This press release contains contain forward-looking statements within the meaning of applicable securities laws including, among others, statements associated with the opportunities that may be available to the Trust and statements regarding the business of the Trust. In some cases, forward-looking statements can be identified by the use of words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, and by discussions of strategies that involve risks and uncertainties. The forward-looking statements are based on certain key expectations and assumptions made by the Trust. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Although management of the Trust believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that future results, levels of activity, performance or achievements will occur as anticipated. These statements are not guarantees and are based on our estimates and assumptions that are subject to risks and uncertainties, including those described in the Trust’s Annual Information Form for the year ended December 31, 2024 under “Risks and Uncertainties” (a copy of which can be obtained at www.sedarplus.ca). Neither the Trust nor any other person assumes responsibility for the accuracy and completeness of any forward-looking statements, and no one has any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or such other factors which affect this information, except as required by law.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Additional information about the Trust is available at www.firmcapital.com or www.sedarplus.ca.

For further information, please contact:

Robert McKee	Sandy Poklar
President & Chief Executive Officer	Chief Financial Officer
(416) 635-0221	(416) 635-0221

For Investor Relations information, please contact:

Victoria Moayedi
Director, Investor Relations
(416) 635-0221

The MIL Network –

June 6, 2025

MIL-OSI Video: President Trump Welcomes German Chancellor Friedrich Merz to the White House

Source: United States of America – The White House (video statements)

“It’s an honor to have you. We have a great mandate from the people, and part of our mandate is we’re gonna have a great relationship with [Germany]. Thank you very much for being here.” –President Donald J. Trump

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

MIL OSI Video –

June 6, 2025
MIL-OSI USA: WITH NEARLY 8,000 ‘ZOMBIE HOUSES’ PLAGUING ROCHESTER, SCHUMER CALLS ON FEDS TO IMMEDIATELY RENEW HUD PARTNERSHIP – EXPIRING IN LESS THAN 30 DAYS – FOR CITY TO TRANSFORM ABANDONED HOUSES INTO HOMES FOR…
US Senate News:
Source: United States Senator for New York Charles E Schumer

Amid Nationwide Housing Shortage, Schumer Says Preserving HUD Partnership – Which Expires July 1 – Is Win-Win-Win For Getting Rid Of Zombie Houses, Revitalizing Neighborhoods & Creating Good-Paying Jobs For Monroe County

City Of Rochester Has Transformed Over 850 Vacant Homes With Help From Agreement With HUD; With Contract Expiring In Less Than 30 Days, Schumer Calls On HUD To Act Quickly Before This Agreement Expires

Schumer: Renewing This HUD-Rochester Agreement Is Vital So Rochester Can Transform Abandoned ‘Zombie Houses’ Into Homes For First-Time Home Buyers

With the City of Rochester’s contract set to expire in less than 30 days, U.S. Senator Chuck Schumer called on the U.S. Department of Housing and Urban Development (HUD) to immediately renew its contract to convert abandoned “zombie houses” across Rochester into high-quality affordable housing for first-time homebuyers. Through this partnership, the City of Rochester has transformed hundreds of abandoned properties while creating good-paying construction jobs. Schumer said that with over 8,000 vacant houses across Rochester, HUD needs to cut the red tape and renew this agreement to support Rochester families, neighborhoods, and jobs.

“With nearly 8,000 abandoned homes plaguing Rochester, we cannot let the City’s federal housing partnership expire in less than 30 days. HUD must cut the red tape and immediately approve the City’s plan to breathe new life into these zombie homes,” said Senator Schumer. “Thanks to this contract, we’ve already turned hundreds of abandoned ‘zombie houses’ into family houses for first-time homebuyers while creating good-paying construction jobs in Monroe County. With the nationwide housing shortage hitting Rochester hard, HUD renewing this agreement before it expires next month is the difference between hope and despair for countless Rochester families seeking the dream of home ownership.”

The City of Rochester has a contract with HUD’s Asset Control Area Program to purchase vacant HUD-foreclosed homes and convert them to high-quality affordable housing for first-time homebuyers through a partnership with the Rochester Housing Development Fund Corporation (RHDFC). Since 2005, Rochester has renovated over 850 vacant homes through this program, boosting neighborhood property values by an average of $15,000 per house and generating more than $33.5 million in local contracting work creating good-paying construction jobs for Monroe County. As of the most recent census in 2020, there are more than 8,000 vacant homes in the City of Rochester. The City’s contract ends on July 1, and they are looking to renew the contract with HUD to help address the housing shortage in the region.

“Securing this renewal will enable us to turn boarded-up, vacant houses into dream homes for first-time buyers and generate steady work for our skilled tradespeople and local contractors,” Rochester Mayor Malik D. Evans said. “With Senator Schumer urging HUD to act, we stand ready to patch the holes in the fabric our city’s housing inventory, breathe hope into every block, and build the safe, equitable, and prosperous Rochester our residents deserve.”

In a letter to HUD Secretary Scott Turner, Schumer urged the department to cut the red tape, renew this contract, and work with Rochester to identify new HUD-foreclosed abandoned homes for inclusion in the program to maximize the number of properties covered by the partnership and further boost the supply of housing. The senator said amid the nationwide housing shortage that has hit the Rochester-Finger Lakes region hard, this contract is essential to helping buyers find and purchase homes while driving millions of dollars of new development into local neighborhoods.

Schumer’s letter to U.S. Department of Housing and Urban Development Secretary Scott Turner can be found HERE or below:

Dear Secretary Turner:

I write to request the U.S. Department of Housing and Urban Development’s (HUD) prioritize and swiftly work with the City of Rochester to renew the Asset Control Area (ACA) Agreement between HUD and the City of Rochester that is now slated to lapse in less than 30 days on July 1, 2025. Without immediate full renewal, Rochester will lose access to being able to acquire and rehab now vacant HUD-foreclosed homes, transforming these “zombie properties” into safe, affordable housing for first-time homebuyers. If this contract is not renewed, a two decades-old partnership that has transformed 796 abandoned properties in the City of Rochester into quality homes for families and residents will be halted, at a time when Rochester, like much of the country, is facing a housing supply crisis. Because new homebuyers are struggling to find new affordable housing since demand now far exceeds housing inventory in Rochester, I request HUD structure the renewed ACA to make more of HUD’s vacant foreclosed homes available in the ACA pipeline. This month, the National Association of Realtors ranked Rochester as the fifth most competitive housing market in the nation underscoring the new barriers prospective homeowners are confronting in the Rochester market.

Since 2005, the ACA Agreement between HUD, the City of Rochester, and the Rochester Housing Development Fund Corporation (RHDFC) has enabled the City to acquire hundreds of vacant, FHA-foreclosed single-family homes, transfer them to RHDFC for rehabilitation, and sell them to income-qualified buyers through the HOME Rochester program. That initiative has rehabilitated over 850 “zombie homes”, the majority made possible through the ACA agreement, boosting neighboring property values by an average of $15,000 per house, generating more than $33.5 million in local contracting work, and creating good-paying jobs for Monroe County.

Today, Rochester homebuyers face fresh headwinds in its housing market. In recent years, despite many vacant homes plaguing Rochester neighborhoods, a dwindling supply of quality housing has made it exceptionally challenging for buyers to find and purchase homes, leading to frustration and difficulty for those trying to navigate the market. As a result of these conditions, programs like HOME Rochester – the City’s vehicle for acquisition, rehabilitation, and resale – have become an even more vital pathway to homeownership for working families. Yet, beginning in 2020, the pipeline of HUD-foreclosed homes available through the ACA began to decrease, with just one property acquired in 2020 and one in 2021, compared with 29 acquisitions between 2017 and 2020.

Therefore I urge you to:
1. Renew Rochester’s ACA Agreement for another two-year term, so that property acquisitions and HOME Rochester rehabilitations can proceed uninterrupted.
1. Partner directly with the City of Rochester, RHDFC, and the Greater Rochester Housing Partnership to review the current inventory of HUD-foreclosed homes, identify new properties for inclusion, and structure a renewal that maximizes the number of properties, and the neighborhoods, covered under the agreement.
1. Streamline HUD’s approval process by permitting bulk submission of property lists and rehabilitation plans – rather than negotiating each property one at a time – to eliminate red tape and accelerate delivery of homes to first-time buyers.
Renewing this agreement and making more HUD vacant foreclosed homes available for rehabilitation can be the difference between hope and despair for countless Rochester families seeking their dream of homeownership and a boost to strengthen Rochester by reviving now-abandoned houses and driving millions of dollars of new development into local neighborhoods.

Thank you for your prompt attention to this urgent matter.
MIL OSI USA News –
June 6, 2025
MIL-OSI USA: Hickenlooper, Colleagues Demand Analysis of Impact of Trump Admin’s Layoffs on Federal Water Programs

US Senate News:

Source: United States Senator for Colorado John Hickenlooper

25% staff reduction at Bureau of Reclamation threatens dam safety, water delivery

WASHINGTON – U.S. Senator John Hickenlooper joined seven of his Democratic colleagues on the Senate Energy and Natural Resources Committee to call on Department of the Interior (DOI) Acting Inspector General (IG) Caryl Brzymialkiewicz to evaluate the impact of the Trump administration’s layoffs at the Bureau of Reclamation (BOR) on key BOR programs, including delivering water and reliable electricity to millions of Americans.

“Recent reductions in workforce significantly threaten BOR’s ability to safely and reliably deliver water to communities and farmers, keep waterways flowing for fish and wildlife across the western United States, and produce reliable electricity,” the senators wrote.

The BOR is the largest wholesale water supplier in the United States and delivers trillions of gallons of water to more than 31 million people. The BOR also is the second-largest producer of hydroelectric power in the country. The facilities operated by BOR generate 40 million megawatt-hours of electricity each year.

The BOR has reportedly lost around 25% of the agency’s work force – approximately 1,400 public servants – since the Trump administration began illegally firing federal workers.

The senators continued: “BOR needs experienced personnel with the necessary expertise to manage critical infrastructure. We are concerned that the Administration’s actions to gut the agency of qualified public servants could leave critical water infrastructure and communities vulnerable to operational disruptions.”

The senators requested the IG evaluate whether recent workforce reductions at BOR inhibit the Bureau from carrying out its obligations.

The full text of the letter is available HERE and below.

Dear Acting Inspector General Brzymialkiewicz:

We write to request that your office evaluate the extent to which workforce reductions at the Bureau of Reclamation (“Bureau” or “BOR”) prevent the agency from fulfilling its statutory mission and implementing relevant programs and activities authorized by Congress. The Bureau is the largest wholesaler of water in the United States—delivering trillions of gallons of water to more than 31 million people. The Bureau is also the second largest producer of hydroelectric power in the country. The facilities BOR operate generate 40 million megawatt-hours of electricity each year. However, recent reductions in workforce significantly threaten BOR’s ability to safely and reliably deliver water to communities and farmers, keep waterways flowing for fish and wildlife across the western United States, and produce reliable electricity.

According to reports, BOR has lost 1,400 public servants since the administration began its assault on the federal workforce. The positions reportedly eliminated include mechanics, engineers, and fish biology specialists—personnel with considerable expertise. Through firings of probational workers, buyouts, early retirements, and other related actions, BOR has shrunk by 25 percent. This workforce reduction has lacked a coherent, mission- and safety- driven strategy and instead led to the departure of experienced personnel—some with over 20 years of experience—leaving the Bureau susceptible to operational disruptions.

Rapid reductions to BOR’s workforce raise significant concerns about the Bureau’s ability to meet its core responsibilities, particularly inspecting dams and identifying threats to public safety. BOR manages over 450 dams throughout 17 western states. Previously, BOR’s dam safety program identified over 300 high and significant hazard dams at more than 200 facilities. The age and complex nature of dam systems necessitates having experienced staff trained in the operation of such systems. In fact, as your office identified in a September 2023 report, approximately 90 percent of BOR’s dams are more than 50 years old and “[a]ging dams increase the risk of dam failures.” BOR needs experienced personnel with the necessary expertise to manage critical infrastructure. We are concerned that the administration’s actions to gut the agency of qualified public servants could leave critical water infrastructure and communities vulnerable to operational disruptions.

Your office is responsible for promoting “accountability, integrity, economy, efficiency, and effectiveness within” the DOI and identifying “ways to improve the DOI’s programs and operations by offering specific, actionable recommendations that lead to positive change.” We therefore urge you to evaluate whether recent workforce reductions at BOR inhibit the Bureau from carrying out its obligations.

Thank you for your attention to this important matter.

Sincerely,

MIL OSI USA News –

June 6, 2025
MIL-OSI United Kingdom: We applaud Syria’s determination to ensure Assad’s chemical weapons programme is destroyed: UK statement at the UN Security Council

Source: United Kingdom – Executive Government & Departments

Speech

We applaud Syria’s determination to ensure Assad’s chemical weapons programme is destroyed: UK statement at the UN Security Council

Statement by Caroline Quinn, UK Deputy Political Coordinator, at the UN Security Council meeting on Syria.

Let me start by welcoming the strong commitment of the Syrian government to turn the page of history. We applaud Syria’s determination to ensure once and for all that the Assad era chemical weapons programme is destroyed.

The UK is greatly encouraged by Syria’s operational and logistical support to the deployments carried out by the Organisation for the Prohibition of Chemical Weapons, including access to sites and people, and by Syria’s commitment to engage with the international community.

We also welcome the OPCW Technical Secretariat’s deployments to Syria in March and April. The persistence and professionalism shown by OPCW staff in Syria has been exceptional. As has the consistently high quality of the Technical Secretariat’s work on this important file in a very challenging technical environment.

Important progress has been made towards setting up OPCW offices in Syria and the collection and analysis of samples.

These are vital steps towards Syria’s full implementation of the Chemical Weapons Convention and UN Security Council resolution 2118, which the Assad regime so flagrantly violated.

There is, however, President, much more work to do in a difficult operational environment.

Due to the secrecy and complexity of Assad’s illegal chemical weapons programme, the precise extent of the challenge ahead is still unknown.

Allow me to make three brief points.

Firstly, both the Syrian government and the OPCW will need to be operationally agile to address any proliferation or health risks found in inspecting sites of concern.

The OPCW’s role is vital. As mandated by the Chemical Weapons Convention and by resolution 2118, the OPCW must verify the Syrian-led declaration and destruction of any remaining elements of Assad’s chemical weapons programme.

Secondly, to achieve this, the OPCW will need technical, financial and logistical assistance from the international community.

The OPCW has provided States Parties with its estimated costs for its work in Syria.

The UK has already provided more than $1 million to the OPCW Syria Missions to support their immediate work and will look to provide further assistance.

We join High Representative Nakamitsu in encouraging others to also provide the necessary resources. In particular, President, we welcome Qatar’s role in representing Syria at the OPCW in The Hague.

Finally, military action by neighbouring states risks delaying OPCW deployments as well as the preservation of evidence at chemical weapons sites. We therefore urge Israel to de-escalate their actions in Syria.

President, we have a historic opportunity to rid Syria of Assad’s chemical weapons.

Let us do our part to support Syria and the OPCW, to enable the new Syrian government to finally close the file on the scourge of chemical weapons use, and on this dark chapter in Syria’s history.

Updates to this page

Published 5 June 2025

MIL OSI United Kingdom –

June 6, 2025
MIL-OSI United Nations: Note to correspondents: in response to questions on a meeting with members of the Hostages and Missing Families Forum

Source: United Nations secretary general

On 22 May 2025, in New York, the Secretary-General met with the members of the Hostages and Missing Families Forum to discuss the United Nations’ response to hostage-taking situations. At the meeting, the Secretary-General indicated that he had decided to assign a focal point in his Executive Office to support his advocacy engagements concerning hostages and hostage-taking situations worldwide.

MIL OSI United Nations News –

June 6, 2025
MIL-OSI Canada: B.C. protects 220 more affordable homes

Source: Government of Canada regional news

Rob Botterell, BC Green Party house leader; MLA for Saanich North and the Islands –

“These projects show what’s possible when communities and non-profits are given the tools to take housing off the speculative market. When we protect and expand affordable housing, we don’t just solve the housing crisis – we make progress on health, education and economic stability. To create lasting change, we need continued and expanded support for protecting existing affordable homes.”

Julius Bloomfield, mayor of Penticton –

“Today’s announcement highlights the success of our affordable housing pilot funding program. This program, along with our updated permissive tax-exemption policy, reflects our commitment to non-market housing and partnerships to protect affordable rentals so residents can stay in homes they can afford.”

Raymond Kendell, a tenant in Penticton –

“I was worried I wouldn’t find a place. It’s expensive here in Penticton. I’ve lived here 4.5 years. I appreciate that the Penticton and District Society for Community Living improved our building. Most people in the building seem stress-free and much happier now.”

Tarra Kenney, CEO, Penticton and District Society for Community Living (PDSCL) –

“The acquisition of the apartments at 680 Wade Ave. E. in Penticton, made possible through the Rental Proection Fund (RPF), marks a significant step in ensuring affordable housing for our community. Thanks to this funding, PDSCL has been able to maintain lower rental rates, providing stability and accessibility for residents who need it most.”

Stephen Bennett, CEO, Affordable Housing Societies –

“We are grateful for the support of the Province through the Rental Protection Fund (RPF) for our purchase of the Camelot apartments in Chilliwack. Because of this purchase, we have been able to ensure the residents of that building continue to have housing stability at rents they can afford.”

Mark Miller, CEO, Connective –

“Connective thanks the Government of B.C. and the RPF for their investment in sustainable housing solutions. We’re proud to play a role in addressing urgent housing needs in Fort St. John, and know that safe, secure housing is essential to building strong, thriving communities.”

Lindsay Lord, CEO, Connective Kamloops –

“Connective is proud to be the new owner of Riverside Gardens and would like to thank and commend the B.C. government and the RPF for working rapidly and diligently in addressing the housing crisis through innovative programs. Connective remains committed to the development, acquisition and protection of affordable housing for our community.”

Lee-Anne Michayluk, CEO, More Than A Roof Housing Society –

“This acquisition underscores our ongoing commitment to fostering strong, thriving communities by prioritizing sustainable and affordable housing solutions. We extend our appreciation to the RPF team and the provincial government as we work together to create lasting, positive impacts for current and future residents.”

Jeffrey Yu, board president, New Vista Society –

“New Vista wants to thank Minister Kahlon and Katie Maslechko from the Rental Protection Fund for their leadership and contribution allowing us to resume housing services in the city of Vancouver, where our founder started our society back in 1943. Thank you so much.”

MIL OSI Canada News –

June 6, 2025
MIL-OSI USA: Action Taken by Governor Phil Scott on Legislation – June 5, 2025
Source: US State of Vermont

Montpelier, Vt. – Governor Phil Scott announced action on the following bills, passed by the General Assembly.

On June 5, Governor Scott signed bills of the following titles:
- H.105, An act relating to expanding the Youth Substance Awareness Safety Program
- H.222, An act relating to civil orders of protection
- H.231, An act relating to technical corrections to fish and wildlife statutes
- H.458, An act relating to the Agency of Digital Services
- H.482, An act relating to Green Mountain Care Board authority to adjust a hospital’s reimbursement rates and to appoint a hospital observer
- H.504, An act relating to approval of amendments to the charter of the City of Rutland
On June 5, Governor Scott allowed H.1, An act relating to accepting and referring complaints by the State Ethics Commission to become law without his signature and sent a letter to the General Assembly:

Dear Ms. Wrask:

Pursuant to the Vermont Constitution, I’m allowing H.1, An act relating to accepting and referring complaints by the State Ethics Commission, to become law without my signature.

Just last year, in a rare area of consensus in that session, the Legislature agreed to enhance accountability and transparency in State ethics laws, including applying these higher standards to its own branch.

Among the many changes in H.1, it’s my belief this bill softens the Legislature’s commitment to the statutory State Code of Ethics. I’m concerned about how this change will be viewed by Vermonters, who want their state government to set a high standard for the conduct of its officials and the transparency with which issues are addressed.

Nevertheless, considering the balance of the bill and remaining ethical requirements, it does not rise to the level of a veto.

For these reasons, I’m allowing H.1 to become law without my signature and urge the Legislature to take another look at this in the next session. In the meantime, the Executive Branch will continue to adhere to the standards applied to it by both our laws, as well as the self-imposed higher standards of my executive order on this matter.

Sincerely,

/s/

Philip B. Scott

Governor

To view a complete list of action on bills passed during the 2025 legislative session, click here.

MIL OSI USA News –
June 6, 2025

MIL-OSI: IDT Corporation Reports Third Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

Gross Profit +15% Year-over-Year to $112 MM; Record Gross Profit Margin of 37.1%
Income from Operations +133% to $27 MM; Adjusted EBITDA +57% to $32 MM
GAAP EPS Increased to $0.86 from $0.22; Non-GAAP EPS Increased to $0.90 from $0.38

NEWARK, NJ, June 05, 2025 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a global provider of fintech, cloud communications, and traditional communications solutions, today reported results for its third quarter fiscal year 2025, the three months ended April 30, 2025.

THIRD QUARTER HIGHLIGHTS

(Throughout this release, unless otherwise noted, results for the third quarter of fiscal year 2025 (3Q25) are compared to the third quarter of fiscal year 2024 (3Q24). All earnings per share (EPS) and other ‘per share’ results are per diluted share.)

●

Key Businesses / Segments

○

NRS

■

Recurring revenue: +23% to $29.4 million;

■

Income from operations: +29% to $6.2 million;

■

Adjusted EBITDA: +29% to $7.2 million;

■

‘Rule of 40’ score: 49;

○

BOSS Money / Fintech segment

■

BOSS Money transactions: +27% to 6.0 million;

■

BOSS Money revenue: +25% to $34.4 million;

■

Fintech segment gross profit: +31% to $22.6 million;

■

Fintech segment income from operations: +$4.9 million, to $4.3 million;

■

Fintech segment Adjusted EBITDA: +$4.8 million, to $5.0 million;

○

net2phone

■

Subscription revenue: +7% to $21.5 million (+11% on a constant currency basis);

■

Income from operations: +188% to $1.4 million;

■

Adjusted EBITDA: +50% to $3.2 million;

○

Traditional Communications

■

Gross profit: +5% to $43.4 million;

■

Income from operations: +39% to $17.3 million;

■

Adjusted EBITDA: +30% to $19.3 million;

●

IDT Consolidated

○

Revenue: +1% to $302.0 million;

○

Gross profit (GP) / margin: GP +15% to $112.0 million; GP margin +470 bps to 37.1%;

○

Income from operations: +133% to $26.6 million;

○

GAAP EPS: Increased to $0.86 from $0.22;

○

Non-GAAP EPS: Increased to $0.90 from $0.38;

○

Adjusted EBITDA: +57% to $32.2 million;

○

CapEx: +14% to $5.4 million.

REMARKS BY SHMUEL JONAS, CEO

IDT’s third quarter was solid, with strong year-over-year gains, while slightly softer than our second quarter in part because of expected seasonal factors. Year-over-year revenue growth, and continued expansion of each of our business segments’ bottom-line results, drove a 133% year-over-year increase in consolidated income from operations, a 57% increase in consolidated Adjusted EBITDA, and a 290% increase in EPS.

At NRS, recurring revenue increased 23% year-over-year, powered by a 37% revenue increase from NRS’ largest vertical, Merchant Services, and a 33% increase in SaaS Fees, which more than offset a 12% decrease in Advertising & Data revenue. Income from operations and Adjusted EBITDA were both up by 29% year-over-year, and the business has generated a record $32 million in Adjusted EBITDA over the past twelve months.

Looking ahead, we continue to focus on developing new offerings that leverage the NRS platform to enable retailers to compete more effectively with large retail chains. For instance, independent neighborhood retailers have not yet meaningfully benefitted from the consumer shift to online ordering and delivery. We are working to change that by integrating our network with online ordering and delivery platforms, enabling retailers on the NRS network to provide hyper-fast local delivery of sundries and prepared foods. The 100 or so retailers we have signed up so far are already receiving, in aggregate, over 2000 delivery orders a week.

BOSS Money, our remittance platform, increased transactions by 27% and revenue by 25%. The growth rates have been impacted by the deliberate shift we made last summer to prioritize gross profit per transaction in our retail channel rather than market share, and by a recent shift in customer preferences toward larger send amounts per remittance through fewer transactions. The Fintech segment, which includes BOSS Money and early stage fintech initiatives, generated over $5 million in Adjusted EBITDA – compared to $244 thousand in the year ago quarter. Looking ahead, Boss Money is working on initiatives to drive sustained long-term growth and innovations that reduce cross border friction and increase profitability.

net2phone continued its steady progress with balanced growth in the U.S., Brazil, and Mexico. The team has done a great job growing its business while holding the line on overhead. net2phone’s Adjusted EBITDA margin reached 15% in 3Q25. net2phone began to offer its AI Agents this quarter and customers are already seeing the benefits, including enhanced efficiency. Even as we deploy AI Agents refined for specific market verticals, we are preparing to launch another AI-powered service which internally we refer to as ‘Coach.’ We think that it will be very successful.

In our Traditional Communications segment, income from operations and Adjusted EBITDA both jumped by over 30% year-over-year to $17.3 million and $19.3 million, respectively, underscoring that this segment continues to be a long-term cash generator.

I want to wrap up by thanking the millions of customers who put some of their hard-earned wages to work through our BOSS offerings, and the business customers around the world who rely on us to enhance their businesses and communications. Our ability to provide these services depends on the dedication of our employees who have been executing and innovating on so many fronts, and on our stockholders who entrust us with their capital. I am grateful for your continued patronage and support.

(This release discloses certain Non-GAAP financial measures (Adjusted EBITDA, Non-GAAP EPS and NRS ‘Rule of 40’) as well as certain Key Performance Metrics (net2phone subscription revenue, netphone constant currency subscription revenue growth rate, net2phone operating margin, net2phone Adjusted EBITDA margin, NRS Monthly Average Recurring Revenue, and BOSS Money transactions and digital send volume). Please see the explanations of those measures and metrics, the reasons for their inclusion and reconciliations at the end of this release.)

3Q25 RESULTS BY SEGMENT

National Retail Solutions (NRS)

National Retail Solutions (NRS)
(Terminals and accounts at end of period. $ in millions, except for average revenue per terminal)

	3Q25			2Q25			3Q24			3Q25-3Q24 (% Δ)
Terminals and payment processing accounts
Active POS terminals		35,600			34,800			30,300			+17.6	%
Payment processing accounts		25,500			23,900			19,500			+31.1	%

Recurring revenue
Merchant Services & Other	$	19.7		$	18.1		$	14.4			+37.3	%
Advertising & Data	$	5.9		$	10.0		$	6.7			(12.3		)%
SaaS Fees	$	3.9		$	3.5		$	2.9			+32.8		%
Total recurring revenue	$	29.4		$	31.6		$	24.0			+22.9	%
POS terminal sales	$	1.7		$	1.3		$	1.8			(2.9		)%
Total revenue	$	31.1		$	33.0		$	25.7			+21.1	%

Monthly average recurring revenue per terminal	$	279		$	310		$	271			+3.0		%

Gross profit	$	28.4		$	30.3		$	22.1			+28.4		%
Gross profit margin		91.3	%		91.8	%		86.1	%		+520		bps
Technology & development	$	2.3		$	2.2		$	1.7			+32.5		%
SG&A	$	20.0		$	19.0		$	15.7			+27.8		%
Income from operations	$	6.2		$	9.1		$	4.8			+29.3		%
Adjusted EBITDA	$	7.2		$	10.1		$	5.6			+28.6		%
CapEx	$	1.9		$	0.9		$	0.9			+115.2		%

NRS Take-Aways / Updates:

●

NRS added approximately 900 net active terminals and approximately 1,600 net payment processing accounts during 3Q25. As mentioned in the prior quarter’s earnings release, net active terminal additions for 3Q25 included churn of approximately 300 terminals operating in seasonal stores.

●

The 37% year-over-year increase in Merchant Services & Other revenue was driven by the increase in payment processing accounts, and by higher merchant services revenue per account, reflecting in part the ongoing, gradual migration of customer payment preference from cash to credit and debit cards.

●

NRS Advertising & Data revenue declined 12.3% year-over-year due to NRS’ decision to slow sales to one large programmatic partner in order to limit potential bad debt risk exposure. NRS’ direct channel advertising sales, as well as sales to other programmatic partners, remained robust.

●

NRS has begun rolling out the first of several planned integrations of its POS platform with leading online ordering and delivery services. The first integration, with DoorDash, went live this quarter.

Fintech

Fintech
(Transactions and $s in millions, except for average revenue per transaction)

	3Q25			2Q25			3Q24			3Q25-3Q24 (% Δ, $)
BOSS Money transactions		6.0			5.7			4.7				+27.0	%

Fintech Revenue
BOSS Money	$	34.4		$	33.5		$	27.6				+24.7	%
Other	$	4.2		$	3.3		$	3.9				+7.0	%
Total Revenue	$	38.6		$	36.8		$	31.5				+22.5	%

Gross profit	$	22.6		$	21.7		$	17.3				+30.6	%
Gross profit margin		58.5	%		58.9	%		54.9	%			+360	bps
Technology & development	$	2.2		$	2.3		$	2.5				(11.9	)%
SG&A	$	16.0		$	16.3		$	15.3				+5.2	%
Income (loss) from operations	$	4.3		$	3.1		$	(0.6	)		+$	4.9
Adjusted EBITDA	$	5.0		$	3.9		$	0.2			+$	4.8
CapEx	$	0.8		$	0.8		$	1.0				(19.8	)%

Fintech Take-Aways:

●	The 27% increase in BOSS Money transactions comprised a 32% year-over-year increase in digital channel transactions and an 8% increase in retail channel transactions.

●	BOSS Money revenue increased 25% year-over-year driven by a 31% increase in digital channel revenue.

●

Digital channel send volume, or the amount of principal transferred by BOSS Money customers using the BOSS Money and BOSS Revolution apps, grew 40% year-over-year as customers increased their amount sent per transaction while reducing the frequency of transactions. BOSS Money is testing strategies to optimize pricing given this recent dynamic.

●	The robust increases in the Fintech segment’s income from operations and Adjusted EBITDA were driven primarily by BOSS Money revenue and gross margin growth, coupled with improved operating leverage as BOSS Money continues to scale.

net2phone

net2phone
(Seats in thousands at end of period. $ in millions)

	3Q25			2Q25			3Q24			3Q25-3Q24 (% Δ)
Seats		415			410			384			+7.9	%

Revenue
Subscription revenue	$	21.5		$	21.0		$	20.0			+7.4	%
Other revenue	$	0.5		$	0.5		$	0.6			(25.9	)%
Total Revenue	$	22.0		$	21.5		$	20.7			+6.4	%

Gross profit	$	17.5		$	17.0		$	16.4			+6.9	%
Gross profit margin		79.6	%		79.2	%		79.2	%		+40	bps
Technology & development	$	2.9		$	2.8		$	2.8			+4.8	%
SG&A	$	13.0		$	13.0		$	13.0			(0.3	)%
Income from operations	$	1.4		$	1.1		$	0.5			+188	%
Adjusted EBITDA	$	3.2		$	2.9		$	2.1			+50.2	%
CapEx	$	1.4		$	1.8		$	1.6			(12.5	)%

net2phone Take-Aways:

●

The 8% year over year increase in total seats served was powered by continued expansion in key markets led by the U.S., Brazil, and Mexico. CCaaS seats served, which generate significantly higher revenue and margin per seat, increased by 9% year-over year.

●

Subscription revenue increased by 7% year-over-year. The increase was tempered by the FX impact of a strengthened U.S. dollar versus local currencies in Latin America. On a constant currency basis, subscription revenue increased by 11% year over year, significantly higher than its rate of seat growth, as net2phone focuses on increasing ARPU.

●

Income from operations increased 188% and Adjusted EBITDA increased 50% year-over-year, as operating margin increased to 6% from 2%, and Adjusted EBITDA margin increased to 15% from 10% in 3Q24.

●

In 3Q25, net2phone began to deploy AI Agents, scalable virtual assistants providing exceptional customer experiences across sales, support, and administrative tasks. AI Agents have the potential to become significant revenue growth drivers in the coming quarters.

●

net2phone is also preparing to launch an AI-powered offering that analyzes interactions to deliver real-time insights and personalized coaching for optimized performance.

Traditional Communications

Traditional Communications
($ in millions)

	3Q25			2Q25			3Q24			3Q25-3Q24 (% Δ)
Revenue
IDT Digital Payments	$	102.6		$	101.6		$	101.6			+1.0	%
BOSS Revolution	$	51.7		$	53.3		$	63.2			(18.1	)%
IDT Global	$	50.0		$	51.3		$	50.1			(0.0	)%
Other	$	5.9		$	5.8		$	6.9			(14.9	)%
Total Revenue	$	210.2		$	212.0		$	221.7			(5.2	)%

Gross profit	$	43.4		$	43.1		$	41.2			+5.3	%
Gross profit margin		20.7	%		20.3	%		18.6	%		+210	bps
Technology & development	$	5.4		$	5.4		$	5.6			(4.3	)%
SG&A	$	20.5		$	19.4		$	22.7			(9.5	)%
Income from operations	$	17.3		$	18.1		$	12.5			39.2	%
Adjusted EBITDA	$	19.3		$	20.2		$	14.9			30.1	%
CapEx	$	1.3		$	1.2		$	1.2			+5.6	%

Traditional Communications Take-Aways:

●	Even as revenue decreased continuing an expected trend, gross profit increased year over year and sequentially.

●	Income from operations and Adjusted EBITDA benefitted from the growth in gross profit and the reduction in SG&A expense.

OTHER FINANCIAL RESULTS

Consolidated results for all periods presented include corporate overhead. In 3Q25, Corporate G&A expense increased to $2.7 million from $2.3 million in 3Q24.

As of April 30, 2025, IDT held $223.8 million in cash, cash equivalents, debt securities, and current equity investments. Also at April 30, 2025, current assets totaled $498.3 million and current liabilities totaled $287.2 million. The Company had no outstanding debt at the quarter end.

Net cash provided by operating activities was $75.7 million in 3Q25 compared to $9.5 million in 3Q24. Exclusive of changes in customer funds deposits at IDT’s Fintech segment, net cash provided by operating activities was $66.1 million in 3Q25 compared to $8.2 million in 3Q24. The large, year-over-year increase in cash reflects, for the most part, the timing of disbursement prefunding payments made by IDT to cover anticipated BOSS Money weekly remittance activity.

Capital expenditures increased to $5.4 million in 3Q25 from $4.7 million in 3Q24.

DIVIDEND

The Board of Directors of IDT Corporation has approved payment of a quarterly dividend of $0.06 on IDT’s Class A and Class B Common stock. Payment will be made on June 18, 2025 to stockholders of record at the close of business on June 9^th.

IDT EARNINGS ANNOUNCEMENT INFORMATION

This release is available for download in the “Investors & Media” section of the IDT Corporation website (https://www.idt.net/investors-and-media) and has been filed on a current report (Form 8-K) with the SEC.

IDT will host an earnings conference call beginning at 5:00 PM Eastern today with management’s discussion of results followed by Q&A with investors. To listen to the call and participate in the Q&A, dial 1-888-506-0062 (toll-free from the U.S.) or 1-973-528-0011 (international) and provide the following access code: 491722.

A replay of the conference call will be available approximately three hours after the call concludes through June 19, 2025. To access the call replay, dial 1-877-481-4010 (toll-free from the U.S.) or 1-919-882-2331 (international) and provide this replay passcode: 52353. The replay will also be accessible via streaming audio at the IDT investor relations website.

ABOUT IDT CORPORATION

IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

CONTACT

IDT Corporation Investor Relations
Bill Ulrey
william.ulrey@idt.net
973-438-3838

IDT CORPORATION

CONSOLIDATED BALANCE SHEETS

	April 30, 2025			July 31, 2024
	(Unaudited)
	(in thousands, except per share data)
Assets
Current assets:
Cash and cash equivalents	$	199,948		$	164,557
Restricted cash and cash equivalents		123,129			90,899
Debt securities		18,683			23,438
Equity investments		5,187			5,009
Trade accounts receivable, net of allowance for credit losses of $8,416 at April 30, 2025 and $6,352 at July 31, 2024		43,084			42,215
Settlement assets, net of reserve of $1,869 at April 30, 2025 and $1,866 at July 31, 2024		25,160			22,186
Disbursement prefunding		43,381			30,736
Prepaid expenses		13,837			17,558
Other current assets		25,865			25,927
Total current assets		498,274			422,525
Property, plant, and equipment, net		38,980			38,652
Goodwill		26,454			26,288
Other intangibles, net		5,372			6,285
Equity investments		6,904			6,518
Operating lease right-of-use assets		2,013			3,273
Deferred income tax assets, net		16,106			35,008
Other assets		6,805			11,546
Total assets	$	600,908		$	550,095

Liabilities, redeemable noncontrolling interest, and equity
Current liabilities:
Trade accounts payable	$	17,250		$	24,773
Accrued expenses		91,408			103,176
Deferred revenue		27,513			30,364
Customer funds deposits		121,765			91,893
Settlement liabilities		14,105			12,764
Other current liabilities		15,121			16,374
Total current liabilities		287,162			279,344
Operating lease liabilities		1,213			1,533
Other liabilities		1,682			2,662
Total liabilities		290,057			283,539
Commitments and contingencies
Redeemable noncontrolling interest		11,357			10,901
Equity:
IDT Corporation stockholders’ equity:
Preferred stock, $.01 par value; authorized shares—10,000; no shares issued		—			—
Class A common stock, $.01 par value; authorized shares—35,000; 3,272 shares issued and 1,574 shares outstanding at April 30, 2025 and July 31, 2024		33			33
Class B common stock, $.01 par value; authorized shares—200,000; 28,528 and 28,177 shares issued and 23,656 and 23,684 shares outstanding at April 30, 2025 and July 31, 2024, respectively		285			282
Additional paid-in capital		307,757			303,510
Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,872 and 4,493 shares of Class B common stock at April 30, 2025 and July 31, 2024, respectively		(143,853	)		(126,080	)
Accumulated other comprehensive loss		(19,812	)		(18,142	)
Retained earnings		141,753			86,580
Total IDT Corporation stockholders’ equity		286,163			246,183
Noncontrolling interests		13,331			9,472
Total equity		299,494			255,655
Total liabilities, redeemable noncontrolling interest, and equity	$	600,908		$	550,095

IDT CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)

	Three Months Ended April 30,						Nine Months Ended April 30,
	2025			2024			2025			2024
	(in thousands, except per share data)

Revenues	$	301,985		$	299,643		$	914,901		$	896,946
Direct cost of revenues		190,023			202,599			583,201			608,982
Gross profit		111,962			97,044			331,700			287,964
Operating expenses:
Selling, general and administrative (i)		72,267			68,962			214,039			200,685
Technology and development (i)		12,744			12,640			38,115			37,975
Severance		190			779			600			1,648
Other operating expense, net		175			3,231			403			3,041
Total operating expenses		85,376			85,612			253,157			243,349
Income from operations		26,586			11,432			78,543			44,615
Interest income, net		1,566			1,162			4,347			3,201
Other income (expense), net		2,608			(3,273	)		2,533			(6,326	)
Income before income taxes		30,760			9,321			85,423			41,490
Provision for income taxes		(7,798	)		(2,979	)		(21,766	)		(10,918	)
Net income		22,962			6,342			63,657			30,572
Net income attributable to noncontrolling interests		(1,270	)		(791	)		(4,448	)		(2,937	)
Net income attributable to IDT Corporation	$	21,692		$	5,551		$	59,209		$	27,635
Earnings per share attributable to IDT Corporation common stockholders:
Basic	$	0.86		$	0.22		$	2.35		$	1.10
Diluted	$	0.86		$	0.22		$	2.34		$	1.09
Weighted-average number of shares used in calculation of earnings per share:
Basic		25,165			25,345			25,177			25,233
Diluted		25,249			25,516			25,312			25,380

(i) Stock-based compensation included in total operating expenses	$	946		$	2,118		$	2,720		$	5,375

IDT CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Nine Months Ended April 30,
	2025			2024
	(in thousands)
Operating activities
Net income	$	63,657		$	30,572
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		15,702			15,256
Deferred income taxes		18,902			8,830
Provision for credit losses, doubtful accounts receivable, and reserve for settlement assets		4,465			3,010
Stock-based compensation		2,720			5,375
Other		1,735			4,065
Change in assets and liabilities:
Trade accounts receivable		(4,649	)		(9,000	)
Settlement assets, disbursement prefunding, prepaid expenses, other current assets, and other assets		(8,932	)		6,797
Trade accounts payable, accrued expenses, settlement liabilities, other current liabilities, and other liabilities		(19,486	)		(10,467	)
Customer funds deposits		25,327			1,243
Deferred revenue		(3,382	)		(2,903	)
Net cash provided by operating activities		96,059			52,778
Investing activities
Capital expenditures		(15,507	)		(13,621	)
Purchase of convertible preferred stock in equity method investment		(926	)		(1,513	)
Purchases of debt securities and equity investments		(29,083	)		(27,593	)
Proceeds from maturities and sales of debt securities and redemptions of equity investments		35,005			41,527
Net cash used in investing activities		(10,511	)		(1,200	)
Financing activities
Dividends paid		(4,036	)		(1,269	)
Distributions to noncontrolling interests		(100	)		(62	)
Proceeds from borrowings under revolving credit facility		24,551			32,864
Repayment of borrowings under revolving credit facility.		(24,551	)		(32,864	)
Purchase of restricted shares of net2phone common stock		—			(3,558	)
Proceeds from exercise of stock options		—			172
Repurchases of Class B common stock		(17,773	)		(7,207	)
Net cash used in financing activities		(21,909	)		(11,924	)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents		3,982			(5,632	)
Net increase in cash, cash equivalents, and restricted cash and cash equivalents		67,621			34,022
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period		255,456			198,823
Cash, cash equivalents, and restricted cash and cash equivalents at end of period	$	323,077		$	232,845

Supplemental schedule of non-cash financing activities
Shares of the Company’s Class B common stock issued to executive officers for bonus payments	$	1,824		$	1,495
Value of the Company’s Class B common stock exchanged for National Retail Solutions shares	$	442		$	6,254
Shares of the Company’s Class B common stock issued for business acquisition	$	—		$	100

Reconciliation of Non-GAAP Financial Measures for the Third Quarter Fiscal 2025 and 2024

In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), IDT also disclosed (a) Adjusted EBITDA for 3Q25, 2Q25, and 3Q24, (b) non-GAAP earnings per diluted share (Non-GAAP EPS) for 3Q25 and 3Q24, and (c) NRS’ and Fintech segment’s ‘Rule of 40’ score for 3Q25. These are non-GAAP financial measures intended to provide useful information that supplements IDT’s or the relevant segment’s results in accordance with GAAP. The following explains these terms and their respective reconciliations to the most directly comparable GAAP measures.

Generally, a non-GAAP measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.

IDT’s measure of Non-GAAP EPS is calculated by dividing non-GAAP net income by the diluted weighted-average shares. IDT’s measure of non-GAAP net income starts with net income attributable to IDT in accordance with GAAP and adds severance expense, stock-based compensation, and other operating expenses, and deducts other operating gains. These additions and subtractions are non-cash and/or non-routine items in the relevant fiscal 2025 and fiscal 2024 periods.

Management believes that IDT’s Adjusted EBITDA and Non-GAAP EPS are measures which provide useful information to both management and investors by excluding certain expenses and non-routine gains and losses that may not be indicative of IDT’s or the relevant segment’s core operating results. Management uses Adjusted EBITDA, among other measures, as a relevant indicator of core operational strengths in its financial and operational decision making. In addition, management uses Adjusted EBITDA and Non-GAAP EPS to evaluate operating performance in relation to IDT’s competitors. Disclosure of these financial measures may be useful to investors in evaluating performance and allow for greater transparency of the underlying supplemental information used by management in its financial and operational decision-making. In addition, IDT has historically reported similar financial measures and believes such measures are commonly used by readers of financial information in assessing performance, therefore the inclusion of comparative numbers provides consistency in financial reporting.

Management refers to Adjusted EBITDA, as well as the GAAP measures income (loss) from operations and net income, on a segment and/or consolidated level to facilitate internal and external comparisons to the segments’ and IDT’s historical operating results, in making operating decisions, for budget and planning purposes, and to form the basis upon which management is compensated.

While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or capitalized in prior periods. IDT’s Adjusted EBITDA, which is exclusive of depreciation and amortization, is a useful indicator of its current performance.

Severance expense is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Severance expense is reflective of decisions made by management in each period regarding the aspects of IDT’s and its segments’ businesses to be focused on in light of changing market realities and other factors. While there may be similar charges in other periods, the nature and magnitude of these charges can fluctuate markedly and do not reflect the performance of IDT’s core and continuing operations.

Other operating expense, net, which is a component of income (loss) from operations, is excluded from the calculation of Adjusted EBITDA and Non-GAAP EPS. Other operating expense, net in 3Q25, 2Q25, and 3Q24 primarily includes legal fees related to Straight Path Communications Inc.’s stockholders’ class action and equipment write-offs. From time-to-time, IDT may have gains or incur costs related to non-routine legal, tax, and other matters, however, these various items generally do not occur each quarter. IDT believes the gain and losses from these non-routine matters are not components of IDT’s or the relevant segment’s core operating results.

Stock-based compensation recognized by IDT and other companies may not be comparable because of the variety of types of awards as well as the various valuation methodologies and subjective assumptions that are permitted under GAAP. Stock-based compensation is excluded from IDT’s calculation of Non-GAAP EPS because management believes this allows investors to make more meaningful comparisons of the operating results per share of IDT’s core business with the results of other companies. However, stock-based compensation will continue to be a significant expense for IDT for the foreseeable future and an important part of employees’ compensation that impacts their performance.

Adjusted EBITDA and Non-GAAP EPS should be considered in addition to, not as a substitute for, or superior to, income (loss) from operations, cash flow from operating activities, net income, basic and diluted earnings per share or other measures of liquidity and financial performance prepared in accordance with GAAP. In addition, IDT’s measurements of Adjusted EBITDA and Non-GAAP EPS may not be comparable to similarly titled measures reported by other companies.

The ‘Rule of 40’ score is a metric used to evaluate the performance of SaaS providers. It postulates that a SaaS provider’s revenue growth rate plus its EBITDA margin should equal or exceed 40 percent. The ‘Rule of 40’ is typically used to assess a company’s balance between growth and profitability. A total of over 40 is thought to indicate a healthy combination of expansion and financial stability, making it a useful tool for management and investors to gauge the potential for long-term success and make informed decisions about resource allocation and business strategy.

NRS’ ‘Rule of 40’ score is computed by adding (a) the growth rate of NRS’ recurring revenue for the relevant period compared to the corresponding year ago period to (b) NRS’ Adjusted EBITDA margin for the twelve month period through the end of the current period. NRS’ recurring revenue is calculated by subtracting NRS’ revenue from POS terminal sales from its total GAAP revenue. Adjusted EBITDA is a non-GAAP measure as discussed above. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by GAAP revenue for the relevant period.

Following are reconciliations of Adjusted EBITDA and Non-GAAP EPS to the most directly comparable GAAP measure, which are, (a) for Adjusted EBITDA, (i) income (loss) from operations for IDT’s reportable segments and (ii) net income for IDT on a consolidated basis, and (b) for Non-GAAP EPS, diluted earnings per share. Also following is NRS’ ‘Rule of 40’ score computation including the reconciliation of NRS’ Adjusted EBITDA to the most directly comparable GAAP measure, NRS’ income from operations.

IDT Corporation
Reconciliation of Net Income to Adjusted EBITDA
(unaudited) in millions. Figures may not foot or cross-foot due to rounding to millions

	Total IDT Corporation			Traditional Communica-tions		net2phone		NRS		Fintech		Corporate
Three Months Ended April 30, 2025 (3Q25)
Net income attributable to IDT Corporation	$	21.7
Adjustments:
Net income attributable to noncontrolling interests		1.3
Net income		23.0
Provision for income taxes		7.8
Income before income taxes		30.8
Interest income, net		(1.6	)
Other income, net		(2.6	)
Income (loss) from operations		26.6		$	17.3	$	1.4	$	6.2	$	4.3	$	(2.6	)
Depreciation and amortization		5.2			1.9		1.6		1.0		0.7		–
Other operating expense, net		0.2			–		0.2		–		–		–
Severance expense		0.2			0.2		–		–		–		–
Adjusted EBITDA	$	32.2		$	19.3	$	3.2	$	7.2	$	5.0	$	(2.6	)

	Total IDT Corporation			Traditional Communica-tions		net2phone		NRS		Fintech		Corporate
Three Months Ended January 31, 2025 (2Q25)
Net income attributable to IDT Corporation	$	20.3
Adjustments:
Net income attributable to noncontrolling interests		1.9
Net income		22.2
Provision for income taxes		7.7
Income before income taxes		29.9
Interest income, net		(1.4	)
Other income, net		(0.2	)
Income (loss) from operations		28.3		$	18.1	$	1.1	$	9.1	$	3.1	$	(3.1	)
Depreciation and amortization		5.2			1.9		1.6		1.0		0.8		–
Other operating expense, net		0.2			–		0.2		–		–		–
Severance expense		0.2			0.2		–		–		–		–
Adjusted EBITDA	$	34.0		$	20.2	$	2.9	$	10.1	$	3.9	$	(3.1	)

IDT Corporation
Reconciliation of Net Income to Adjusted EBITDA
(unaudited) in millions. Figures may not foot or cross-foot due to rounding to millions

	Total IDT Corporation			Traditional Communica-tions		net2phone		NRS		Fintech			Corporate
Three Months Ended April 30, 2024 (3Q24)
Net income attributable to IDT Corporation	$	5.6
Adjustments:
Net income attributable to noncontrolling interests		0.8
Net income		6.3
Provision for income taxes		3.0
Income before income taxes		9.3
Interest income, net		(1.2	)
Other expense, net		3.3
Income (loss) from operations		11.4		$	12.5	$	0.5	$	4.8	$	(0.6	)	$	(5.7	)
Depreciation and amortization		5.1			2.0		1.6		0.8		0.7			–
Severance expense		0.8			0.4		0.1		–		–			0.3
Other operating expense, net		3.2			–		–		–		0.1			3.2
Adjusted EBITDA	$	20.6		$	14.9	$	2.1	$	5.6	$	0.2		$	(2.3	)

IDT Corporation
Reconciliation of Earnings per share to Non-GAAP EPS
(unaudited) in millions, except per share data. Figures may not foot due to rounding to millions.

	3Q25			3Q24

Net income attributable to IDT Corporation	$	21.7		$	5.6
Adjustments (add) subtract:
Stock-based compensation		(0.9	)		(2.1	)
Severance expense		(0.2	)		(0.8	)
Other operating expense, net		(0.2	)		(3.2	)
Total adjustments		(1.3	)		(6.1	)
Income tax effect of total adjustments		(0.3	)		(2.0	)
		1.0			4.1
Non-GAAP net income	$	22.7		$	9.7

Earnings per share:
Basic	$	0.86		$	0.22
Total adjustments		0.04			0.16
Non-GAAP – basic	$	0.90		$	0.38

Weighted-average number of shares used in calculation of basic earnings per share		25.2			25.3

Diluted	$	0.86		$	0.22
Total adjustments		0.04			0.16
Non-GAAP – diluted	$	0.90		$	0.38

Weighted-average number of shares used in calculation of diluted earnings per share		25.2			25.5

IDT Corporation
NRS’ ‘Rule of 40’ Score
For 3Q25
(unaudited) in millions. Figures may not foot due to rounding to millions.

	4Q24		1Q25		2Q25		3Q25		Trailing Twelve Months (TTM) 3Q25

Reconciliation of NRS’ Income from Operations to Adjusted EBITDA

Income from operations	$	6.0	$	6.6	$	9.1	$	6.2	$	28.0
Depreciation and amortization		0.9		1.0		1.0		1.0		3.9
Other operating expense, net		0.2		–		–		–		0.2
Adjusted EBITDA	$	7.1	$	7.6	$	10.1	$	7.2	$	32.0

	3Q25			3Q24

NRS’ ‘Rule of 40’ Score

NRS recurring revenue	$	29.4		$	24.0
NRS other revenue		1.7			1.8
NRS total revenue	$	31.1		$	25.7

NRS recurring revenue growth rate		23	%

NRS TTM Adjusted EBITDA from above	$	32.0
NRS TTM total revenue		122.7
NRS TTM Adjusted EBITDA margin		26	%

Rule of 40		49	%

Explanation of Key Performance Metrics

net2phone’s subscription revenue is calculated by subtracting net2phone’s equipment revenue and revenue generated by a legacy SIP trunking offering in Brazil from its revenue in accordance with GAAP. net2phone’s cloud communications and contact center offerings are priced on a per-seat basis, with customers paying based on the number of users in their organization. The number of seats served and subscription revenue trends and comparisons between periods are used in the analysis of net2phone’s revenues and direct cost of revenues and are strong indications of the top-line growth and performance of the business.

Constant currency as it relates to revenue provides a framework for assessing net2phone’s performance that excludes the effect of foreign currency rate fluctuations. To determine net2phone’s subscription revenue growth on a constant currency basis, current period revenues from entities reporting in currencies other than U.S. Dollars (USD) were converted to USD at the average monthly exchange rates in effect during the prior fiscal year’s comparative period instead of the average monthly exchange rates in effect during the current period.

net2phone’s operating margin is calculated by dividing GAAP income from operations by GAAP revenue for the period indicated. Operating margin measures the percentage that each dollar of revenue contributes to profitability. Operating margin is useful for evaluating current period profitability relative to sales, for comparisons to prior period performance, for forecasting future income from operations levels based on projected levels of sales, and for comparing net2phone’s relative profitability to its competitors and peers.

net2phone’s Adjusted EBITDA margin is calculated by dividing net2phone’s Adjusted EBITDA, a Non-GAAP measure, by net2phone’s GAAP revenue for the comparable quarter or period. Adjusted EBITDA margin measures the percentage that each dollar of revenue contributes to profitability before interest, taxes, depreciation and amortization, and other adjustments as described in the Reconciliation of Non-GAAP Financial Measures. net2phone’s Adjusted EBITDA margin is useful for evaluating current period profitability relative to sales, for comparisons to prior period performance, for forecasting future Adjusted EBITDA levels based on projected levels of sales, and for comparing net2phone’s relative profitability to its competitors and peers.

NRS’ Monthly Average Recurring Revenue per Terminal is calculated by dividing NRS’ recurring revenue as defined above by the average number of active POS terminals during the period. The average number of active POS terminals is calculated by adding the beginning and ending number of active POS terminals during the period and dividing by two. NRS’ recurring revenue divided by the average number of active POS terminals is divided by three when the period is a fiscal quarter. Recurring revenue and Monthly Average Recurring Revenue per Terminal are useful for comparisons of NRS’ revenue and revenue per customer to prior periods and to competitors and others in the market, as well as for forecasting future revenue from the customer base.

BOSS Money transactions are a nonfinancial metric that measures customer usage during a reporting period. BOSS Money’s digital send volume is the aggregate amount of principal remitted by BOSS Money’s digital customers – those using the BOSS Money and BOSS Revolutions apps to originate remittances. Digital send volume is a key metric for evaluating the operational performance of the digital channel of the remittance business, and for comparing the performance of BOSS Money’s digital channel to competitors in the remittance business as well as to performance to other temporal periods.

# # #

The MIL Network –

June 6, 2025

MIL-OSI: Insurtech Insights USA 2025: Event Round-Up from Day Two

Source: GlobeNewswire (MIL-OSI)

NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) — Insurtech Insights USA 2025, concluded today at the Javits Center, wrapping up two impactful days of insightful conversations, cross-sector collaboration, and high-level dealmaking. With over 6,000 delegates and more than 400 industry leaders in attendance, this year’s edition firmly cemented the event’s position as the foremost gathering for insurance innovation in North America and the largest ever Insurtech Insights USA conference.

A Media Snippet accompanying this announcement is available in this link.

Reflecting on the success of the event, Kristoffer Lundberg, Founder & CEO of Insurtech Insights, said, “As we close out two powerful days of dialogue, dealmaking, and discovery, one message echoes throughout the Javits Center: insurance is no longer just about risk, it’s about being resilient. From agentic AI to behavioral underwriting, from redefining customer trust to unlocking global M&A potential, this year’s event captured a sector rewriting its operating system. Thank you to our partners, speakers, and 6,000+ attendees for reaffirming that innovation in insurance isn’t a buzzword, it’s our collective mission.”

Day Two Highlights: AI at the Forefront of Transformation

The day was packed with several thought-provoking panels, keynotes, and moderated discussion sessions across the six stages. Some of the highlights on the main stage were sessions like “Facing into AI: The Potential and Uncertainty,” a compelling conversation between Lucy Pilko, CEO of AXA XL Americas, and Naveen Agarwal, Senior Advisor at BCG and CEO of NavDots. Together, they unpacked the double-edged nature of AI in insurance, stressing the need for thoughtful implementation as insurers and clients alike navigate the transformative and sometimes uncertain possibilities of AI.

Later on the main stage, the session “A Year Later for AI and GenAI in Insurance: The Reality and Growing Real Business Value” showcased how far the industry has come in just 12 months. Moderated by Denise Garth, Chief Strategy Officer at Majesco, the panel included Robert Pick, EVP and Chief Information Officer, Tokio Marine North America Services, Manish Sha, President Chief Product Officer at Majesco, and Jim DeMarco, Insurance Advisor Lead, Microsoft. The speakers shared real-world results of AI implementation, with early benchmarking showing up to 10–20x productivity improvements in underwriting and customer service. They also addressed how GenAI is simplifying complex workflows, accelerating onboarding, and helping insurers meet rising customer expectations, especially as nearly 50% of the workforce approaches retirement by 2030.

In the afternoon, the session “Operationalizing AI in Insurance: Key Considerations for Full-Scale Implementation” drew a packed audience. Moderated by Karlyn Carnahan, Head of P&C Insurance, Celent, the panel featured Dan Moore, Senior Vice President of Claims Shared Services, CNA Insurance, Anurag Bairathi, Chief Claims Officer, Mapfre, and Yuval Man, CEO and Co-Founder, DigitalOwl. Speakers offered practical insights into scaling AI responsibly, underscoring the need for human-in-the-loop processes, AI governance, bias testing, and strong organizational guardrails to ensure safe and effective deployment across underwriting and claims operations.

The final main stage session, “Regulators & Risk Takers: Aligning Vision for the Future of Insurance,” brought together Commissioners Jon Godfread, Glen Mulready, and Andrew Mais from North Dakota, Oklahoma, and Connecticut, respectively. Moderated by Susan Winkler, VP and Executive Director, Connecticut Insurance and Financial Services, the conversation centered on finding common ground between regulatory oversight and industry innovation. The panelists agreed that open dialogue and coordinated action between regulators and carriers are essential to shaping a future-ready insurance ecosystem in an era marked by climate volatility, AI disruption, and rapid digital transformation.

The closing of Insurtech Insights USA 2025 marks a pivotal moment in the industry’s journey from legacy operations toward data-powered, customer-centric, and resilient growth models. With AI no longer a concept on the horizon but a force embedded in today’s operations, this year’s conference showcased not just where the industry is going but also the leaders who are already taking it there.

Registrations for Insurtech Insights 2026 early bird are now open, and you can buy with ease: a 30-day full money-back guarantee.

About Insurtech Insights USA

Insurtech Insights USA is the leading global conference for the insurtech industry, bringing together experts, innovators, and thought leaders to discuss the latest trends, challenges, and opportunities shaping the future of insurance. With a focus on innovation, collaboration, and disruption, Insurtech Insights USA provides a platform for networking, learning, and driving meaningful change in the insurance sector.

For media queries and other information, please contact:

Girish Jaggi
Senior Account Manager
The MicDrop Agency
girish@themicdropagency.com
+1 (289) 623 3627

The MIL Network –

June 6, 2025
MIL-OSI Video: The UN Must Return to its Founding Purpose

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

Deputy Spokesperson Tommy Pigott: The U.S. vetoed a counterproductive @UN Security Council resolution that targeted Israel and failed to condemn Hamas. As President Trump has made clear, we will not support any resolution that fails to demand Hamas disarm, leave Gaza, and release all hostages.

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

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

Get updates from the U.S. Department of State at www.state.gov and on social media!
Facebook: https://www.facebook.com/statedept
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Watch on-demand State Department videos: https://video.state.gov/
Subscribe to The Week at State e-newsletter: https://public.govdelivery.com/accounts/USSTATEBPA/signup/32562

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Terms of Use: https://state.gov/tou

#StateDepartment #DepartmentofState #Diplomacy

https://www.youtube.com/watch?v=6xOnNd_Scig

MIL OSI Video –

June 6, 2025
MIL-OSI USA: Zinke, Daines, Smith, Larsen Introduce Bill to Combat Drug Trafficking in Montana’s Tribal Communities

Source: US Congressman Ryan Zinke (Western Montana)

WASHINGTON, D.C. – Representative Ryan Zinke (R-Mont.), U.S. Senator Steve Daines (R-Mont.), Senator Tina Smith (D-Minn.), and Representative Rick Larsen (D-Wash.), today announced the bipartisan “Protection for Reservation Occupants Against Trafficking and Evasive Communications Today (PROTECT) Act” to combat drug trafficking in tribal communities. The “PROTECT Act” would expand Special Tribal Criminal Jurisdiction (STCJ) to allow tribal nations to prosecute non-Native offenders for drug trafficking. It would also allow tribal courts to execute warrants for electronic material to better combat drug traffickers and other criminals.

“I’ve sat down with tribal leaders across Western Montana, and the devastation of the opioid crisis is both heartbreaking and unacceptable. The PROTECT Act gives Tribal Nations the tools and authority they need to take on the opioid crisis. It’s time we empower tribal courts and law enforcement to protect their communities and save lives,” said Zinke.

“Under President Trump’s leadership, we’ve seen strong decisive action to secure the southern border and keep our communities safe. I’m proud to work alongside my bipartisan colleagues to further deliver on our promise to curb the spread of deadly drugs like fentanyl and crack down on crime. Protecting our Native American tribes while upholding and enhancing tribal sovereignty will always be one of my top priorities,” said Daines.

“For years, Tribal leaders in Minnesota have raised the alarm that drug traffickers are exploiting complex legal jurisdiction on Tribal land, making Native communities some of the most hurt by the opioid and fentanyl epidemics. I hear directly from Tribal leaders about how their sheriffs will routinely arrest the same people for selling drugs, drop them off with the county police, and have to arrest them again the next day. The Tribe can’t do anything about it. The PROTECT Act would help Tribes fight back against these drug traffickers. This proposal is bipartisan and common sense, and it respects and upholds Tribes’ inherent sovereignty and right to protect their people,” said Smith.

“The opioid epidemic has devastated Northwest Washington,” said Rep. Larsen. “Tribes in my district have continually told me about the unique challenges their courts and law enforcement face to stop drug trafficking on Tribal land. This bill would give Tribes the tools they need to protect tribal sovereignty, save lives and keep Tribes and communities across Northwest Washington safe,” said Larsen.

Read the bill text HERE.

Representatives Marie Gluesenkamp-Perez (D-Wash.), Jeff Hurd (R-Colo.), Mike Simpson (R-Idaho), Tom Cole (R-Okla.), and Dan Newhouse (R-Wash.) joined in introducing the companion bill in the U.S. House of Representatives.

###

MIL OSI USA News –

June 6, 2025
MIL-OSI USA: Rep. Gabe Vasquez Demands Restoration of Mail Service to Mule Creek
Source: US Representative Gabe Vasquez’s (NM-02)

WASHINGTON, D.C. – U.S. Representative Gabe Vasquez (NM-02) called on Acting Postmaster Doug Tulino for the restoration of timely and reliable mail services to Mule Creek, New Mexico where residents have been without consistent postal service for nearly a year.

“For far too long, Mule Creek residents have been forced to live without basic, reliable mail service,” said Vasquez. “Rural communities in my district rely on the USPS to deliver life saving medications, Social Security checks, and a way to pay bills in places where internet access may be limited. The total neglect of rural areas and the communities that inhabit them is unacceptable.”

Since the Mule Creek post office was damaged in 2024, USPS has failed to complete necessary repairs and fully restore service. A temporary mobile unit operates for only four hours each weekday, from 8:30 a.m. to 12:30 p.m., offering limited services. Residents cannot send outgoing packages, purchase stamps, or access the full range of postal operations most Americans rely on without driving over an hour round-trip to the nearest operational post office.

In his letter, Vasquez called on Acting Postmaster Tulino to provide information on the following:
- The current status of repairs to the permanent USPS building in Mule Creek, New Mexico
- Whether and when full mail services will be restored to the community
- Why USPS has failed to respond to residents’ concerns and what steps will be taken to improve communication moving forward
“We, Mule Creek residents, are very frustrated with the postal service,” said Jonathan Diener, President of the Mule Creek Community Association. “For almost a year, USPS has not responded to the community’s requests to fix the ongoing issues at Mule Creek Post Office or even been willing to communicate with the community. No response has been made to several letters. Residents have been forced to travel long distances just to access basic mail service. We are grateful to Rep. Vasquez for fighting to fix this issue.”

Rep. Vasquez continues to press for fairness, accessibility, and investment in postal services to ensure rural New Mexicans are not left behind.

Full text of the letter can be found below:

Dear Acting Postmaster Tulino,

I am writing to express my deep concern about the current state of the Mule Creek, New Mexico Post Office. This post office, which serves a rural community, was damaged almost a year ago and is unable to provide usual services or hours. Rural communities like Mule Creek depend on the U.S. Postal Service (USPS) to provide timely and reliable mail services, and I urge you to respond to the communities’ requests and prioritize restoring full service to the Mule Creek Post Office.

The USPS is vital to rural communities across New Mexico. Rural residents, especially seniors and veterans, depend on USPS to receive medications and Social Security checks, pay bills, and receive medications. Businesses in rural areas are also dependent upon postal services to receive supplies and send items to customers, especially when private shipping companies simply refuse to provide service due to the distance and cost.

I was extremely alarmed by former Postmaster DeJoy’s letter to Congress earlier this year, in which he repeatedly described serving rural areas as “burdensome.” I hope under your leadership USPS will recommit to serving rural Americans. This is not an option, I will not let USPS leave rural communities like Mule Creek behind.

I am extremely concerned that USPS has failed to restore full service to Mule Creek residents for almost a year. Currently, only a mobile unit operates in Mule Creek. Where residents were previously able to pick up mail 24 hours per day, they can now only pick up from 8:30 AM to 12:30 PM – a mere four hour pick up window each week day. Additionally this mobile unit does not provide full services–such as selling stamps or allowing people to send packages–forcing residents to drive over an hour round-trip for these essential services. This is a significant burden for those who rely on these services, especially elderly and disabled members of the community and working families.

In addition to failing to fully repair the damaged building, USPS has also failed to adequately communicate with local residents. Local residents report that USPS has repeatedly failed to respond to the building owner, even when they secured a contractor to make repairs. The community has also reached out to USPS supervisors about the timeline of the project and have not received a response. This is unacceptable.

Please respond by July 3, 2025 with the following information:

What is the current status of repairs on the permanent USPS building in Mule Creek, NM?
1. Will USPS restore full services to Mule Creek? If so, please provide additional information about when residents can expect service to be restored.
2. Why has USPS failed to respond to residents’ concerns about the Mule Creek Post Office and how does USPS plan to improve communication with the community moving forward?
3. Restoring full mail service to Mule Creek is vital to ensuring that USPS is fulfilling its mandate to serve our rural communities. I look forward to your timely response to this issue.
Sincerely,

Gabe Vasquez

Member of Congress

###

MIL OSI USA News –
June 6, 2025
MIL-OSI USA: King Seeks Follow Through from U.S. Army on Weapon Blast Overpressure Efforts

US Senate News:

Source: United States Senator for Maine Angus King
WASHINGTON, D.C. — U.S. Senator Angus King (I-ME), in a hearing of the Senate Armed Services Committee (SASC), spoke with General Randy George, Chief of staff of the Army, and Daniel Driscoll, Secretary of the Army, about the importance of addressing brain injuries in servicemember and veterans caused by repeated exposure to weapon blasts. During the exchange, Senator King received confirmation from both General George and Secretary Driscoll that life-saving initiatives — advocated for by Senator King — have been put into action to better understand and mitigate the effects of blast overpressure. In October 2023, a shooter opened fire on and killed 18 Maine people in Lewiston. The shooter, an Army reservist, worked as an instructor at a hand grenade training range where it is believed he was repeatedly exposed to low-level blasts. An analysis of his brain later showed evidence of severe traumatic brain injury.
“In October of 2023, a tragic event occurred in Maine where an army reservist killed 18 people in a matter of minutes. Subsequent to that it was determined that he had substantial brain injury, most likely because he was a trainer in munitions, by blast overpressure and continued exposure. There was a lot of activity at the time in the army and in the Pentagon generally on this issue of blast overpressure and mental health baselining, and I just want to be sure are you aware of that work and I just want to be sure that it isn’t lost in the transition from one administration to another. This is a very serious problem. It turns out this one case in Maine was kind of a notorious one. This is something that, throughout the armed services, particularly in the army. General, do you want to address that? Are we staying after this issue,” questioned Senator King.
“We are staying after that. It was about three weeks ago that we had the team up to talk about that, so in operators we’re using one of our very specialized units that do a lot of these very high-end kind of training. It’s, right now, we have implemented the neurological testing, so people going on —,” responded General George.
“You’re doing a baseline,” asked Senator King.
“That’s the baseline. We are, you know, changing, again, it’s how you train as well, and you kind of alluded to that. Do you need the level of explosives when you’re doing certain kind of training? How can you reduce that? We’re looking at equipment. How do we change, you know, for example, the Kevlar might be helpful against, you know, bullets coming at you, but it does other things when you have concussive events, and so, how do we change that? So, I probably, once a quarter, I will have discussions on this, and these are ongoing with what we’re doing. And so, we’re continuing on with that —,” replied General George.
“And Senator, I can just echo, this does come up often. We are trying to look at our training. Obviously, we’re choosing to expose soldiers to things and make sure that it is worth the risk,” added Driscoll.
“I appreciate that, and all the right work has been done at the fairly high level. I just want to be sure it gets down to the ground in terms of day-to-day activity that it’s not just reports in the Pentagon but that it is direct changes in the way equipment and training and those things, because, as I say, this turns out to be a widespread problem and something we need to address,” finished Senator King.
During just three months in 2023, the Department of Defense (DoD) provided treatment to service members nearly 50,000 times for traumatic brain injuries (TBIs), which are considered the “signature wound” of the Iraq and Afghanistan wars. For troops with mild TBI, “the most important cause of brain injury was the long-term exposure to explosive weapons.” Researchers using data from blast analysis sensors worn by U.S. soldiers in Afghanistan also determined that, “75 percent of the troops’ [blast] exposure was coming from their own weapons.” Despite this, service members continue to train with weapons with unsafe blast levels, and sadly, many have of these injuries have led to high levels of mental illness and suicide.
Following the Lewiston shooting, Senator King has been working with his colleagues to increase mental health funding and address brain injuries. Last summer he wrote a letter to the former Department of Defense (DoD) Secretary Lloyd Austin urging the Department to expedite protection of servicemembers from weapon blasts and TBIs. Prior to that letter he urged leaders of the Appropriations Committee to support the strongest possible funding for the Traumatic Brain Injury and Psychological Health Research program within the DoD Congressionally Directed Medical Research Program (CDRMP). Earlier this year, Senator King introduced bipartisan legislation to study impacts of lower-intensity weapon blasts on veteran mental health. He also was successful in securing a provision to protect service members from brain injuries in the Fiscal Year 2025 National Defense Authorization Act (NDAA). In a recent Armed Services hearing, Senator King receive commitment from a DoD nominee to maintain focus on addressing brain injuries stemming from weapon blast traumas.

MIL OSI USA News –

June 6, 2025
MIL-OSI USA: Durbin On Republicans’ Reconciliation Bill: The American People Did Not Vote For This Disaster

US Senate News:

Source: United States Senator for Illinois Dick Durbin

June 05, 2025

In a speech on the Senate floor, Durbin slammed the Republican reconciliation plan that will kick 16 million Americans off their health care coverage, close rural hospitals

WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL) delivered a speech on the Senate floor exposing the disastrous provisions in the Republicans’ reconciliation plan that will slash health care and eliminate jobs to pay for tax cuts for billionaires. In his remarks, Durbin underscored that this legislation will harm Americans, as the Congressional Budget Office (CBO) released new estimates showing that 16 million Americans will lose their health insurance under this plan.

“What exactly were people voting for in the last presidential election? Well, many things… but the recurring theme seems to be the cost of living for the average family, the ability of mothers and fathers to make ends meet, and to see a realization of their dreams and aspirations. But we were told, over and over again, that families across this country were being overwhelmed by the cost of living, gas, groceries, housing. And so they gave a majority of the votes to President Trump, who promised he would ‘Make America Great Again.’ Since taking office, I don’t believe that the President has come near to keeping his promise,” Durbin began. “Instead he has hired many of his billionaire buddies and cut deals with the ultra-wealthy that will harm the same Americans who voted for him.”

“Hidden in more than 1,000 pages in the bill that passed the House of Representatives is a plan, a laundry list of things, that I don’t believe Americans even considered voting for in the last November election. They’re going to have a devastating impact on families in states, red and blue alike… Billionaires are going to win, and American families are going to lose,” Durbin said.

Durbin spoke about the impact of the $800 billion cuts to Medicaid included in the reconciliation bill, emphasizing that if those cuts are carried out, rural hospitals will be forced to close because they rely on Medicaid funding to operate. Nationwide, half of all rural hospitals already operate with negative margins, and more than 300 rural hospitals are at immediate risk of closure, including 26 in Kansas, 22 in Alabama, and nine in Missouri.

“Do you think the voters in last November’s election for President of the United States would actually vote to close down their local hospital? That’s what’s looming,” Durbin continued. “Three weeks ago, 20 hospital administrators from across the state of Illinois, from Chicago down to the southernmost part of our state, all took a special trip to Washington to warn me that the bill that was pending before the House of Representatives threatened the survival of hospitals across our state. These are hospitals which are not only critical for providing professional medical care, delivering babies, saving people’s lives who were in automobile accidents, but also major parts of the local economy.”

“You come to rural, small town Midwest America and ask the impact of the local hospital, and they’ll tell you, ‘we don’t know that we can keep a business or attract a business if we didn’t have it. We count on it every day to be there when we need it.’ And, secondly, it’s a major employer. In fact, in most towns, the biggest employers in downstate,” Durbin said. “Then they warned me, many of these hospitals are hanging on by a thread. The money that they receive from government insurance programs like Medicaid keeps the doors open and the lights on and the doctors in town. And now we have a proposal from Republicans to cut that Medicaid benefit and coverage for 16 million Americans.”

As if those deep cuts to Medicaid and the Affordable Care Act were not harmful enough, Republicans have included a $500 billion cut to Medicare, despite promises to protect the program in their reconciliation bill.

“Now you dig deeply into this Republican budget bill that has come over from the House of Representatives, and it turns out… they’re also cutting Medicare,” Durbin said. “Republicans couldn’t help themselves, they slashed Medicare benefits and reduced access to hospitals, nursing homes, and medications for seniors in all 50 states.”

“Why would Republicans in Congress take a wrecking ball to these two major parts of our health care system? To provide money for tax breaks for the wealthiest people in America,” Durbin continued.

“It sounds like Republicans in Congress want to be the ones deciding who is worthy of health care in America. But Americans who depend on Medicaid are not strangers. They’re your neighbors. They’re people at your church, at your school, and at your work. It probably is your family too. If you or your loved one gets sick, will congressional Republicans deem you worthy of seeing a doctor?” Durbin said.

Durbin continued on, arguing that the American people did not vote to lose their health care to pad the pockets of billionaires.

“Is that what this election was all about? Did the American people vote for tax cuts for billionaires? I don’t think so,” Durbin said.

“A party like the Republicans who claim they’re the party of the working class. ‘Working class’ billionaires? They refuse to put their money where their mouth is,” Durbin said. “Republicans in Congress may try to say they’re just trying to lower your taxes, but most of the benefit is going to wealthy people who won’t even notice it.”

“Under the Republican plan, taxpayers in the wealthiest 0.1 percent would get a $300,000 tax cut every year… Why? At the expense of health care for 16 million Americans?” Durbin said.

Durbin also emphasized that the Republican plan would jeopardize thousands of jobs created by the Democrats’ Inflation Reduction Act, which invested in clean energy jobs across the country. Since the passage of the legislation, 85 percent of investment in clean energy technologies has landed in Republican districts.

“In just two years since passing the Inflation Reduction Act, businesses have announced 340 new clean technology projects. One estimate says that this will create 150,000 permanent jobs,”Durbin said. “The Republicans ‘big, ugly bill’ puts these jobs at risk, taking a hatchet to tax policy that make these projects possible. The promise of a Republican repeal has already scared the private sector into withdrawing a $14 billion investment and cancelling 10,000 clean energy manufacturing jobs. Why would the so-called party of the working class want to give their own constituents a pink slip?”

Durbin concluded his remarks by urging his Republican colleagues in the Senate to oppose the legislation that will only benefit billionaires at the expense of their constituents.

“My Republican colleagues must know that this plan does not ‘Make America Great Again.’ It makes our debt the greatest in the history of our nation. It harms families in red and blue states,”Durbin said.

“I urge a handful of my Republican colleagues, and that’s all it takes, show some courage, show some common sense. Tell the folks in the House, and tell the White House as well, this approach is not going to work. Taking health insurance away from 16 million Americans, more than has ever happened in the history of this country, is fundamentally unfair, and we all know it,” Durbin said.

“I urge my Republican colleagues to listen to their constituents. Because I know Americans who voted for Trump in November, did not vote for what I just described,” Durbin concluded his speech.

Video of Durbin’s remarks on the Senate floor is available here.

Audio of Durbin’s remarks on the Senate floor is available here.

Footage of Durbin’s remarks on the Senate floor is available here for TV Stations.

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MIL OSI USA News –

June 6, 2025
MIL-OSI USA: Durbin Delivers Opening Statement During Senate Judiciary Committee Executive Business Meeting

US Senate News:

Source: United States Senator for Illinois Dick Durbin

June 05, 2025

During his remarks, Durbin condemned the systematic gutting of the Department of Justice under AG Bondi

WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, delivered an opening statement during today’s Senate Judiciary Committee executive business meeting. Durbin’s opening statement outlined the Trump Administration’s systematic gutting of Department of Justice (DOJ) and FBI anti-corruption efforts, gutting of independent ethics review at DOJ, Attorney General Bondi’s conflicts of interest, and more.

Key Quotes:

“Under the Trump Administration, the Department of Justice is systematically removing the structure charged with fighting corruption in our government… In one of her first official acts, Attorney General Bondi disbanded the FBI’s Foreign Influence Task Force and restricted enforcement of the Foreign Agents Registration Act, despite the growing threat of foreign influence campaigns by hostile nations. Unfortunately, this was no surprise since the Attorney General herself was formerly a paid foreign agent of the government of Qatar. As a former head of FBI counterintelligence put it, this has created a ‘free for all for foreign intelligence services seeking influence on our government.’”

“In another shocking move, President Trump ordered a halt to the enforcement of the Foreign Corrupt Practices Act. This landmark law prohibits companies from bribing foreign officials… After endless, baseless accusations that the Biden Administration weaponized DOJ, it is the Trump Administration that is making it easier to target its enemies, stifle dissent, and seek retribution.”

“The Trump Administration also removed the senior career ethics official at DOJ who advised on conflicts of interest and other ethical issues—and put these duties in the hands of two inexperienced political appointees who are personally beholden to the Attorney General.”

“In the absence of these internal guardrails, it’s not surprising that we’re witnessing outrageous misconduct. Attorney General Bondi did not recuse herself from President Trump’s solicitation of a free jet from the royal family of Qatar, despite the fact that AG Bondi was a registered foreign agent for [Qatar].”

“Attorney General Bondi also appears to be reaping the financial rewards of her loyalty to the President. She has been deeply financially entangled with President Trump for years. Most notably, she earned at least $3 million on the merger that formed Trump Media and has held millions of dollars in Trump Media stock. She sold that stock under suspicious circumstances on a historic day—April 2, 2025. This was the same day President Trump announced his hairbrained tariff scheme that crashed the stock market and destroyed $10 trillion in wealth in three days… The share price of Trump Media plummeted 15 percent, yet Bondi appears to have avoided substantial financial loss.”

“The Justice Department is involved in other activities that bear notice today. During his controversial and disgraceful tenure as Interim U.S. Attorney for the District of Columbia, Ed Martin fired numerous career prosecutors simply because they were assigned to work on January 6 cases. Mr. Martin was rewarded with a plum position at the Justice Department as the very first political appointee to serve as pardon attorney. During his short time in this role, Martin has overseen pardons of numerous Trump donors and supporters.”

“In light of these concerns, we have a responsibility to call Attorney General Bondi under oath soon. So, I ask again, I hope we have that oversight hearing in the soon in the future.”

Durbin also spoke in support of David Waterman, nominated to be the U.S. Attorney for the Southern District of Iowa. President Biden nominated Mr. Waterman last February and the Senate Judiciary Committee reported his nomination last April. Mr. Waterman became a victim of then-Senator Vance’s effort to block all U.S. Attorney nominees during under the Biden Administration.

Video of Durbin’s opening statement is available here.

Audio of Durbin’s opening statement is available here.

Footage of Durbin’s opening statement is available here for TV Stations.

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MIL OSI USA News –

June 6, 2025
MIL-OSI USA: News 06/5/2025 VIDEO: Blackburn Confronts Law Professor for Calling Conservative Justices ‘Evil’ and Urges Passage of Protect Our Supreme Court Justices Act

US Senate News:

Source: United States Senator Marsha Blackburn (R-Tenn)
WASHINGTON, D.C. – U.S. Senator Marsha Blackburn (R-Tenn.) confronted University of Pennsylvania law professor Kate Shaw on referring to conservative United States Supreme Court justices as “evil colleagues” as Supreme Court justices have faced threats of intimidation at their homes by those seeking to influence their decisions. Professor Shaw denied these comments despite being under oath and her comments being on tape. Senator Blackburn also pressed Professor Shaw on whether she supports the Protecting Our Supreme Court Justices Act to deter intimidation of justices.

Click here to download video of Senator Blackburn’s remarks during the Senate Judiciary Committee hearing.
On Shaw’s comments about Supreme Court justices:
Blackburn: “Would you like to provide explanation about why you think conservative justices are evil? Do you care to explain yourself?”
Shaw: “I would have to look at the transcript senator. I think that the dismissive approach to sex equality arguments in the Dobbs case was deeply concerning. One paragraph in the opinion suggests that there’s no sex equality problem with abortion restrictions or prohibitions. I think that’s deeply wrong, and in the more colloquial sort of mode of a podcast conversation. That is probably what I intended to convey, that he discounted very serious sex equality concerns.”
On Blackburn’s Protecting Our Supreme Court Justices Act:
Blackburn: “I’ve got a bill, the Protecting Our Supreme Court Justices Act, and it would deter intimidation of Supreme Court Justices. It would increase the maximum term of imprisonment for violation of Section 1507 from one year to five years… Increasing the maximum time jail time for a protester under 1507 is, I think, an effective way to deter this intimidation of our justices. So, I’d like to hear from each of you on this.”
Shaw: “…I would need to take a look. I’m not prepared to take a position… If we’re talking about increasing penalties for violence, I would absolutely support that.”
RELATED

MIL OSI USA News –

June 6, 2025
MIL-OSI USA: McClellan, Golden, Kim, Valadao Introduce Bipartisan Bill to Make Childbirth Free for Parents

Source: United States House of Representatives – Congresswoman Jennifer McClellan (Virginia 4th District)

Washington, D.C. – Today, Congresswoman Jennifer McClellan (VA-04) joined Representatives Jared Golden (ME-02), Young Kim (CA-40), and David Valadao (CA-22) to introduce the Supporting Healthy Moms and Babies Act, which would require private health insurance companies to fully cover the costs of childbirth and related maternity care. Companion legislation was introduced in the Senate by Senators Tim Kaine (D-VA), Cindy Hyde-Smith (R-MS), Kirsten Gillibrand (D-NY), and Josh Hawley (R-MO).

The Supporting Healthy Moms and Babies Act would amend the list of Essential Health Benefits under the Affordable Care Act to include detailed minimum services for prenatal, labor and delivery, perinatal, and postpartum care for up to one year after a child’s birth and would require private insurers to cover those services without cost-sharing.

“When my daughter was born by emergency C-section nine weeks early, I wanted to focus all my attention on my recovery and her well-being for the six weeks she was in the NICU, not our medical bills,” Congresswoman McClellan said. “The Supporting Healthy Moms and Babies Act will provide more pregnant and postpartum patients the peace of mind that they can access care without worrying about how to pay for it.”

“Pregnancy and childbirth are a normal part of family life, so insurance companies should treat it like the routine care it is and cover the cost,” Congressman Golden said. “It shouldn’t cost thousands of dollars to give birth at the hospital, and other necessary maternity services shouldn’t be a luxury. This is simple, commonsense reform and will make it easier for Mainers to start and grow families on their own terms without a huge hospital bill.”

“Americans shouldn’t have to choose between starting a family and being strapped in debt. Unfortunately, rising living costs on top of excessive hospital and health care fees after giving birth deter individuals from becoming parents,” Congresswoman Kim said. “We should do what we can to make life more affordable, which is why I’m proud to help lead the charge to cut childbirth cost-sharing fees and ensure women, babies and families receive the care they deserve without astronomical costs.”

“The cost of maternal care is already expensive, and too often, families with private insurance are hit with surprise medical bills they didn’t see coming,” Congressman Valadao said. “Building a family already comes with so much uncertainty, but designating maternal care as an Essential Health Benefit and eliminating cost-sharing will give parents some peace of mind during one of life’s most important moments. I’m proud to join my colleagues in supporting this practical, bipartisan solution that puts families first.”

The bill has been endorsed by the American College of Obstetricians and Gynecologists; the American Medical Association; the American Hospital Association; the American Society for Reproductive Medicine; the Association of Women’s Health, Obstetric and Neonatal Nurses; the Association of Maternal & Child Health Programs; March of Dimes; and the National Partnership for Women & Families.

Full text of the Supporting Healthy Moms and Babies Act can be found here, and a one-pager can be found here.

MIL OSI USA News –

June 6, 2025
MIL-OSI United Kingdom: Chagos Deal Sparks Parliamentary Backlash

Source: Traditional Unionist Voice – Northern Ireland

Statement by TUV MP Jim Allister:

“The hand over the Chagos Islands is a shameful and exorbitantly expensive sell out of sovereignty.

“The UK historically owns the Chagos Islands. Hence its large and strategically important military base there. Yet, under this deal the government is surrendering sovereignty to Mauritius and then leasing back for 99 years its own base! The amount of money is eye-watering, running to well over £20B.

“There is much unease in Parliament about this deal. Yet, the only way there can even be a debate before the deal is implemented is by way of a ‘prayer of opposition’. This is what I have been involved in securing this week. I drafted such a motion and then secured joint submission of the ‘prayer’ under the lead signatures of Kemi Badenoch, Nigel Farage and myself.

“Several dozen other MPs have now signed the motion with a view to trying to force the government to concede a debate. This is the work now in progress.”

MIL OSI United Kingdom –

June 6, 2025
MIL-OSI United Kingdom: Data confirms Protocol damage to GB to NI Trade

Source: Traditional Unionist Voice – Northern Ireland

Commenting on the latest data from the Office for National Statistics TUV leader Jim Allister KC MP said:

“The statistics published by the Office for National Statistics today are damning. They confirm that the Protocol, rebranded as the Windsor Framework, is driving down trade from Great Britain into Northern Ireland.

“The figures speak for themselves. In 2020, before the imposition of the Protocol, 20.1% of GB manufacturing firms sold to Northern Ireland. Now that figure has collapsed to just 12.9%. In the retail and wholesale sector, the drop is just as stark—from 17.5% down to 12.4%. And across all business sizes and sectors, the share of GB firms trading with NI has fallen by around a third.

“Behind those numbers are real consequences: fewer choices for consumers in Northern Ireland, higher costs for local businesses, and Northern Ireland’s economy being nudged ever closer to the orbit of the Republic of Ireland. That is not accidental — it is the direct consequence of the framework.

“The figures also reveal something else: businesses are not just ceasing trade with Northern Ireland; even those who continue are scaling back. For example, in the retail sector, 14.2% of GB firms report declining sales to Northern Ireland, with only a tiny 1.5% seeing an increase. And 11.4% have stopped trading with Northern Ireland altogether.

“Small and medium-sized enterprises — the backbone of the UK economy — are being disproportionately hit. The extra bureaucracy, costs, and delays caused by the Irish Sea border are discouraging trade.

“When asked directly, GB and NI firms identified the Protocol/Windsor Framework as a major challenge to intra-UK trade. In manufacturing, 24.1% of businesses reported it as a problem. Across all sectors, almost one in every nine businesses pointed to the Framework as a barrier to doing business within their own country.

“So much for the promise of unfettered access.

“This new data from the UK’s own official statistics body corroborates previous findings from NISRA, which showed that while NI imports from GB rose 24% between 2020 and 2023, imports from the Republic of Ireland soared by 51%. That speaks to nothing less than a fundamental reorientation of Northern Ireland’s trade, away from our most important market and towards Dublin.“

MIL OSI United Kingdom –

June 6, 2025
MIL-OSI USA: Latta’s Bills to Unleash American Energy & Power AI Advanced By House Energy Subcommittee

Source: United States House of Representatives – Congressman Bob Latta (R-Bowling Green Ohio)

Latta’s Bills to Unleash American Energy & Power AI Advanced By House Energy Subcommittee

Washington, June 5, 2025

Today, the Energy Subcommittee of the House Energy and Commerce Committee advanced two bills introduced by Congressman Bob Latta (R-OH-5) to unleash American energy as artificial intelligence technology continues to evolve and require increased energy generation: the Electric Supply Chain Act and the Researching Efficient Federal Improvements for Necessary Energy Refining (REFINER) Act.

The Electric Supply Chain Act directs the Secretary of Energy to conduct regular assessments and submit reports on the supply chain for electricity generation and transmission. The REFINER Act requires the National Petroleum Council to produce a report on the state of petrochemical refineries in the United States.

These bills aim to strengthen domestic energy production and infrastructure, an effort Congressman Latta underscored yesterday during a House Energy and Commerce Committee Communications and Technology Subcommittee hearing. In his remarks, he highlighted the importance of AI permitting reform and reaffirmed the need to ensure U.S. based energy development to support AI’s energy needs. Watch Congressman Latta’s remarks HERE.

“Generative artificial intelligence isn’t a trend; it’s the backbone of the next industrial era. Countries around the globe are racing to build the full AI stack: data centers, chips, power, and platforms. Here in the United States, we must ensure that we have the right policies in place to have enough energy to power AI and make America an attractive place to build the entire AI supply chain. I’m grateful to my colleagues on the Energy Subcommittee of the House Energy and Commerce Committee for advancing my two bills to not only support progress in the AI space but also strengthen American-led energy production across the board,” Latta said.

Read more about the Electric Supply Chain Act HERE.

Read more about the REFINER Act HERE.

MIL OSI USA News –

June 6, 2025
MIL-OSI USA: REPS. CLARKE AND VAN DUYNE LAUNCH BIPARTISAN CREATORS CAUCUS TO BRING FRESH PERSPECTIVES TO POLICY PROCESS

Source: United States House of Representatives – Congresswoman Yvette D Clarke (9th District of New York)

FOR IMMEDIATE RELEASE:

June 5, 2025

MEDIA CONTACT:

e: jessica.myers@mail.house.gov

c: 202.913.0126

WASHINGTON, DC – Today, Representatives Yvette D. Clarke (D-NY) and Beth Van Duyne (R-TX) held a press conference to launch the first-of-its-kind bipartisan Congressional Creators Caucus. The purpose of this new caucus is to bring the perspectives of online content creators into the public policy arena to educate Members of Congress on the unique challenges they face as the new start-ups of the modern economy. The Members were joined by numerous creators, including Matthew (MatPat) and Stephanie Patrick, founders of Edutainment Brand Theorist Media.

The rapid advancements in technology and the rise of social media platforms in the 21st century have brought about the emergence of not only creators but a thriving new sector: the Creator Economy, the vibrant ecosystem of online content creators operating on digital platforms, and the diverse businesses that have emerged to support them. As these digital entrepreneurs build businesses and their impact continues to grow, ensuring their voices are heard in the legislative process is imperative.

“As digital content creators’ online presence continues to reach billions globally, Congress must work to ensure resources and protections are in place to support their success in this new era of start-ups,” said Rep. Clarke. “Congress has a responsibility to meet this moment. That’s why I am proud to establish this caucus as a first-of-its-kind bipartisan forum for content creators and Congress to work together to address the challenges they face as nontraditional small businesses owners. Creators’ voices deserve to be heard throughout the policy making process, and the Creators Caucus is the key to ensuring they are.”

“The Congressional Creators Caucus seeks to empower more Americans to follow their dreams, build their own small businesses, and share their unique perspectives with the world,” said Rep. Van Duyne. “The Creators Caucus hopes to bring better understanding to how these developing small businesses are operating, what struggles they face, and how Congress can work with them to foster growth, opportunity, safety, and security for our digital creators and their viewers alike.”

“The creator economy is a powerful economic engine in the United States, making significant contributions to GDP and job growth. Creators are building business, growing audiences, and sharing their voices online. We are thankful to Representatives Clarke and Van Duyne for launching the Congressional Creators Caucus and look forward to continuing the work to support the growing creator ecosystem,” Alexandra Veitch, Senior Director, YouTube Government Affairs & Public Policy.

Watch the full press conference HERE.

View photos from the press conference HERE.

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MIL OSI USA News –

June 6, 2025
MIL-OSI USA: Rep. Titus Urges Secretary Rubio to Retain CARE Office

Source: United States House of Representatives – Congresswoman Dina Titus (1st District of Nevada)

WASHINGTON – Congresswoman Dina Titus (NV-01) is urging Secretary of State Marco Rubio to comply with federal law and retain the Coordinator for Afghan Relocation Efforts (CARE) Office.

“My CARE Authorization Act is clear,” said Congresswoman Dina Titus. “Secretary Rubio must appoint a Coordinator for Afghan Relocation Efforts. His refusal to do so is a violation of the law, disrespects Congress’s authority, and threatens our relationship with our Afghan allies. How can we expect others to stand by us in the future if we abandon our friends who face considerable danger for having done the same?”

Last week, the Trump Administration released a Congressional Notification outlining the reorganization of the State Department, including the dismantling of the Office of the Coordinator for Afghan Relocation Efforts (CARE).

A copy of Congresswoman Titus’s letter to Sec. Rubio can be found here.

Background

In 2022 the State Department established the CARE Office to streamline and coordinate the ongoing relocation and resettlement process for eligible Afghans from Afghanistan and Pakistan to the United States. CARE serves as the hub of this whole-of-government priority, working closely with various federal departments and agencies, international partners, and NGOs to ensure the safe and efficient relocation of individuals who have earned the right to immigrate to the U.S. as either SIVs or refugees during the twenty-year U.S. mission in Afghanistan.

CARE’s mission is vital to keeping our promise to our Afghan allies and protecting them the way they protected U.S. servicemembers. Last Congress, Rep. Titus’s bipartisan CARE Authorization Act of 2024 was signed into law. It formally authorized the CARE office at the State Department for three years and granted important authorities to advance its mission. These include an extension of authorities to enter personal services contracts—an identified legislative priority for the State Department—as well as measures to streamline the transfer of funds to and from other agencies involved in the Afghan relocation mission.

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MIL OSI USA News –

June 6, 2025
MIL-OSI USA: Congressman Valadao Joins Bipartisan Coalition to Introduce Legislation Supporting Central Valley Families
Source: United States House of Representatives – Congressman David G Valadao (CA-21)

WASHINGTON – Today, Congressman David Valadao (CA-22) joined Reps. Jared Golden (ME-02), Young Kim (CA-40), and Jennifer McClellan (VA-04) to introduce the Supporting Healthy Moms and Babies Act. This bipartisan bill would help mitigate the cost burden on families with private insurance plans throughout pregnancy by designating prenatal, birth, and postpartum care as essential health benefits (EHBs) and eliminating cost-sharing from these services. The Senate companion bill was introduced by Sens. Cindy Hyde-Smith (R-MS), Tim Kaine (D-VA), Josh Hawley (R-AR), and Kirsten Gillibrand (D-NY).

“The cost of maternal care is already expensive, and too often, families with private insurance are hit with surprise medical bills they didn’t see coming,” said Congressman Valadao. “Building a family already comes with so much uncertainty, but designating maternal care as an essential health benefit and eliminating cost-sharing will give parents some peace of mind during one of life’s most important moments. I’m proud to join my colleagues in supporting this practical, bipartisan solution that puts families first.”

“Pregnancy and childbirth are a normal part of family life, so insurance companies should treat it like the routine care it is and cover the cost,” said Rep. Golden. “It shouldn’t cost thousands of dollars to give birth at the hospital, and other necessary maternity services shouldn’t be a luxury. This is simple, commonsense reform and will make it easier for Mainers to start and grow families on their own terms without a huge hospital bill.”

“Americans shouldn’t have to choose between starting a family and being strapped in debt. Unfortunately, rising living costs on top of excessive hospital and health care fees after giving birth deter individuals from becoming parents,” said Rep. Kim. “We should do what we can to make life more affordable, which is why I’m proud to help lead the charge to cut childbirth cost-sharing fees and ensure women, babies and families receive the care they deserve without astronomical costs.”

“When my daughter was born by emergency C-section nine weeks early, I wanted to focus all my attention on my recovery and her well-being for the six weeks she was in the NICU, not our medical bills,” said Rep. McClellan. “The Supporting Healthy Moms and Babies Act will provide more pregnant and postpartum patients the peace of mind that they can access care without worrying about how to pay for it.”

Supporting organizations include: American Principles Project, Concerned Women for America, Jesuit Conference Office of Justice and Ecology, Americans United for Life, Susan B. Anthony Pro-Life America, Students for Life, LiveAction, Life Defenders, March for Life, the Catholic Health Association of the United States, American College of Obstetrics and Gynecologists, American Medical Association, American Hospital Association, American Society for Reproductive Medicine, Association of Women’s Health, Obstetric and Neonatal Nurses, Association of Maternal & Child Health Programs, March of Dimes, and National Partnership for Women & Families.

The Supporting Healthy Moms and Babies Act would:
- Designate prenatal, birth, and postpartum care as essential health benefits (EHBs) under private insurance plans.
- Eliminate cost-sharing for all in-network childcare services, and out-of-network care when no in-network provider is available.
- Mandate full coverage for ultrasounds, miscarriage care, delivery services, and postpartum care for up to a year after birth.
- Provide mental health coverage for spouses and adoptive parents.
Background:

While Medicaid covers the full cost of childbirth for those enrolled, families with private insurance plans routinely face thousands in unexpected expenses—often as much as $3,000 to $10,000—due to high deductibles, coverage gaps, and confusing hospital pricing. By designating prenatal, delivery, and postpartum care as essential health benefits and eliminating cost-sharing for in-network services, this bill offers families greater financial predictability and reduces the medical debt that disproportionately impacts new parents.

Read the full resolution here.

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MIL OSI USA News –
June 6, 2025
MIL-OSI USA: SCANDAL: Rep. Lori Trahan & Scandal Star Bellamy Young Take on Migraine Disorders Affecting 40+ Million Americans

Source: United States House of Representatives – Congresswoman Lori Trahan (D-MA-03)

WASHINGTON, DC – Yesterday, Congresswoman Lori Trahan (MA-03), a member of the House Energy and Commerce Committee’s Health Subcommittee, partnered with Bellamy Young, actress in ABC’s hit show “Scandal,” The Headache Alliance, and the Alliance for Headache Disorders Advocacy to announce their coordinated work to introduce the HEADACHE Act, the first standalone federal legislation addressing the epidemic of migraine and headache disorders. The legislation will expand research, improve access to care, and address systemic inequities affecting people living with headache disorders.
“Headache disorders affect nearly 45 million people in the U.S., including more than 117,000 people in the district I represent,” said Congresswoman Trahan. “Behind each of those numbers is a student falling behind in school, a parent fighting to stay employed, or a veteran enduring chronic, debilitating pain. I’m proud to lead the introduction of the HEADACHE Act, a much-needed step toward expanding care, advancing research, and raising awareness for this often-overlooked condition. Together, we can ensure that no one is left behind simply because their pain is invisible.”
“Migraine has shaped not only how I work, but how I move through this world, and I know I’m not alone. For too many, living with a headache disorder means being doubted, dismissed, and left out of the conversation. But those who suffer deserve better. The HEADACHE Act is about building the future we should’ve had all along: one with research, access to care, and understanding. I’m proud to raise my voice for a cause that touches so many millions of Americans,” said Bellamy Young, actress and migraine advocate.
More than 40 million Americans are living with migraine and headache disorders, which are the leading cause of disability in the world and for women under 50 years old in the United States. Cluster headache, new daily persistent headache, post-traumatic headache, and other migraine disorders are disabling, stigmatized, and routinely overlooked in public health priorities and research funding.
To raise awareness, The Headache Alliance and the Alliance for Headache Disorders Advocacy transformed the National Mall into a sea of purple, with a visual display representing the need for greater federal attention and public awareness for the tens of millions of Americans living with migraine and headache disorders. The installation will remain on the Mall for two weeks.
“We are so thrilled and honored to bring our message to the National Mall,” said Annika Ehrlich, President of the Board of The Headache Alliance and Alliance for Headache Disorders Advocacy. “This represents two decades of planning and hard work to advance headache policy and advocacy.”
“We are putting a face, name, and voice to the lived experience of migraine and headache disorders,” said Julienne Verdi, Executive Director of The Headache Alliance and Alliance for Headache Disorders Advocacy. “With the anticipated introduction of the HEADACHE Act and this historic Installation project, we are demanding to be seen, heard, and taken seriously.”
The HEADACHE Act will be introduced in the coming weeks.
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MIL OSI USA News –

June 6, 2025
MIL-OSI New Zealand: Milestone in protection of Franz Josef from floods

Source: New Zealand Government

A major step in protecting Franz Josef township on the West Coast has been officially completed.
Stage 1 of the Franz Josef Flood Protection Scheme, a major regional infrastructure project supported by a $9.2 million government grant will boost the resilience and safety of Franz Josef, Regional Development Minister Shane Jones says.
“The vulnerability of Franz Josef to flooding is well known. The completion of stage 1 works – installing stopbanks on the north side of the Waiho River, is the first step toward protecting the community and local economy against flooding events,” Mr Jones says.
Stage 1 was funded through a 2021 COVID-19 Response and Recovery Fund – Infrastructure Reference Group (IRG) grant.
Mr Jones was at Franz Josef today to formally mark the end of stage 1 works.
“Last year, I announced a $6m grant from the Regional Infrastructure Fund to co-fund stage 2 of the flood protection scheme, including construction of new stopbanks and strengthening of existing stopbanks along the southern side of Waiho River.
“This investment will further strengthen Franz Josef’s ability to withstand extreme weather events and provide the community more time for effective long-term planning,” Mr Jones says.
Editors’ note
The Regional Infrastructure Fund (RIF) is a $1.2 billion capital fund with the primary purpose of accelerating infrastructure projects, particularly with a focus on water storage, energy, Māori economic development, growth, and resilience, to make a difference in our regions.
In August 2024, the Government committed $200 million of the RIF to flood resilience and announced $101.1 million of investment into 42 flood resilience projects across New Zealand, which included Stage 2 of the Franz Josef Flood Protection Scheme.
More information about the RIF can be found on the Grow Regions website

MIL OSI New Zealand News –

June 6, 2025
MIL-OSI: Alma íbúðafélag hf.: Útgáfa á víxlum

Source: GlobeNewswire (MIL-OSI)

Alma íbúðafélag hf. hefur lokið sölu á víxlum í tveimur flokkum til 3ja og 6 mánaða. Samtals bárust tilboð að fjárhæð 1.380 m.kr.

Alma hefur ákveðið að taka tilboðum að fjárhæð 700 m.kr. í 3ja mánaða víxilinn á 8,80% vöxtum og 560 m.kr. í 6 mánaða víxilinn á 8,70% vöxtum eða samtals 1.260 m.kr. Áður hafði félagið selt 380 m.kr. í víxlinum AL 25 0915 og nemur heildarstærð útgáfunnar því 1.080 m.kr.

Arctica Finance hf. hafði umsjón með sölu víxlanna.

Greiðslu- og uppgjörsdagur er mánudagurinn 16. júní 2025.

Nánari upplýsingar veitir:

Ingólfur Árni Gunnarsson, framkvæmdastjóri, ingolfur@al.is.

The MIL Network –

June 6, 2025
MIL-Evening Report: ‘No one knew what was happening’: new research shows how domestic violence harms young people’s schooling
Source: The Conversation (Au and NZ) – By Steven Roberts, Professor of Education and Social Justice, Monash University

Taiki Ishikawa/ Unsplash, CC BY

Every school around Australia is almost certain to have students who are victim-survivors of family and domestic violence.

The 2023 Australian Child Maltreatment Study found neglect and physical, sexual and emotional abuse of children is widespread. Among Australians aged 16–65 years, 32% experienced physical abuse, 28.5% experienced sexual abuse, 39% experienced emotional abuse and 9% had been neglected during their childhoods.

As the place where children spend the bulk of their time outside home, schools could be an important source of help and support. But are they equipped to do this?

Our research, published in the Australian Journal of Social Issues, explores the impact of domestic and family violence on young people’s education. Our findings show just how significant the disruption to a young person’s education can be, including how safe or supported they feel at school.

Our study

Our study draws on data from the Adolescent Family Violence in Australia project. This is a national survey of more than 5,000 young Australians aged 16–20 years old. We focused on a subset of 1,651 respondents who had experienced domestic and family violence, either by experiencing violence between other family members or being directly subjected to it.

The survey asked both structured and open-ended questions to explore the impacts of domestic and family violence.

Family violence disrupts school attendance and participation

Our study showed family violence has a significant impact on school attendance. Young people told us they missed classes or dropped out of school during their experiences of violence.

For some young people, attending school while coping with trauma, fear and instability at home was too overwhelming.

A 19-year-old woman shared how she became so anxious in the presence of teachers and other authority figures she could only manage one day of school per week in a secluded setting.

Another young woman described missing classes regularly to care for her mother after violent episodes, while a 20-year-old man said he stayed home to protect his mother.

Even when young victims did attend school, the emotional toll of family violence often meant they were socially withdrawn. Some spoke about losing friends due to frequent house moves and school shifts, while others withdrew socially because of anxiety and trauma. One 17-year-old explained:

I don’t talk a lot to male teachers and don’t really have close friendships with girls at my school, so I tend to stay home.

Some participants described school as a safe haven away from their abusive home. But even in these cases, learning was often still difficult. One young person commented:

Yes, I wanted to go to school to get away from home, but felt very alone and isolated because no one knew what was happening.

Family violence and homework

The effects of family violence extend beyond the classroom. Many young people told us how the chaos, fear and emotional exhaustion of life at home made it difficult, if not impossible, to complete homework or study for exams. One young woman remarked:

I can’t do any homework at home because it’s not a safe environment for me.

Another young person described being kept up late listening to fighting or because of police visits, leaving them physically and emotionally exhausted in the morning.

In some cases, abusive parents directly prevented their child from attending school or doing homework. Other young people described not having access to the tools they needed, like a working computer or internet connection – sometimes withheld deliberately by a parent.

These accounts show how for some children experiencing family violence, learning at home is not just difficult, it is fundamentally unsafe.

Young people spoke of how domestic violence made it impossible to study at home.
C.T.PHAT/Shutterstock, CC BY

A missed opportunity

It can be difficult for schools to fully understand and appreciate what’s happening for students at home.

Few of the young people we surveyed proactively disclosed their experiences to school staff, including teachers and counsellors. Disclosure rates ranged from just 12% to 17%, depending on the type of violence the young person reported experiencing.

For those young people who did disclose, their experiences varied. Some young people described school staff as a lifeline – listening without judgement, offering helpful information and taking action where needed.

Others described being ignored, dismissed or harmed further by insensitive responses. As one young person said, the “school counsellor told me I needed to understand dad’s behaviour and keep my head down”.

The help students received seemed to depend on the individual teacher or school counsellor, their knowledge and training. This inconsistency represents a major barrier to effective and early intervention.

What needs to change

As well as learning, schools can also provide safety, stability and healing. We need schools to be supported to provide more effective and consistent care for students experiencing family violence.

As other research has similarly found, responses need to be trauma-informed (recognising the impact of trauma on students) and student-centred (focusing on individuals’ needs). This involves:
- providing trauma and domestic violence-informed training to all school staff
- ensuring schools have clear processes to follow if a student disclosures domestic violence, including referrals to appropriate external supports
- adopting flexible attendance and academic policies for young people impacted by domestic violence
- building collaborative partnerships with community-based domestic violence and mental health services.
The National Sexual Assault, Family and Domestic Violence Counselling Line – 1800RESPECT (1800 737 732) – is available 24 hours a day, seven days a week for any Australian who has experienced, or is at risk of, family and domestic violence and/or sexual assault. The Men’s Referral Service (1300 766 491) offers advice and counselling to men looking to change their behaviour.

Steven Roberts receives funding from the Australian Research Council and the Australian Government and ANROWS, among others. He is a Board Director at Respect Victoria, but this article is written wholly separate from and does not represent that role.

Kate has received funding for research on violence against women and children from a range of federal and state government and non-government sources. Currently, Kate receives funding from Australia’s National Research Organisation for Women’s Safety (ANROWS), the South Australian government, Safe Steps, Australian Childhood Foundation and 54 Reasons. This piece is written by Kate Fitz-Gibbon in her role at Monash University and Sequre Consulting, and is wholly independent of Kate Fitz-Gibbon’s role as chair of Respect Victoria and membership on the Victorian Children’s Council.

Rebecca Stewart is a project officer at No to Violence. The views expressed in this article are her own.

– ref. ‘No one knew what was happening’: new research shows how domestic violence harms young people’s schooling – https://theconversation.com/no-one-knew-what-was-happening-new-research-shows-how-domestic-violence-harms-young-peoples-schooling-256890
MIL OSI Analysis – EveningReport.nz –
June 6, 2025
MIL-Evening Report: We tracked 13,000 giants of the ocean over 30 years, to uncover their hidden highways

Source: The Conversation (Au and NZ) – By Ana M. M. Sequeira, Associate Professor, Research School of Biology, Australian National University

Alexandra Vautin, Shutterstock

Big animals of the ocean go about their days mostly hidden from view. Scientists know this marine megafauna – such as whales, sharks, seal, turtles and birds – travel vast distances to feed and breed.

But almost a third are now at risk of extinction due largely to fishing, shipping, pollution and global warming.

Protecting them can be difficult, because we don’t often know where these animals are.

New research I led sought to shed light on the issue. My colleagues and I gathered 30 years of satellite tracking data to map hotspots of megafauna activity around the globe.

We tracked 12,794 animals from 111 species to find out where they go. The results reveal underwater “highways” where megafauna crisscross the global Ocean. They also show where megafauna dwell for feeding and breeding. Now we know where these special places are, we have a better chance of protecting them.

Satellite tracking reveals marine megafauna migration pathways and places of residence.
Sequeira et al (2025) Science

Pulling all the data together: a mega task

For more than 30 years, marine biologists have tagged large animals in the sea with electronic devices and tracked their movements via satellite. The trackers capture data on everything from speed of travel, to direction of movement and where the animals spend most of their time.

I put a call out to the global research community to bring together the tracking data. I hoped it would help scientists better understand the animals’ movements and identify their favourite places.

Some 378 scientists from 50 countries responded. We assembled the world’s largest tracking dataset of marine megafauna. It includes species of flying birds, whales, fishes (mostly sharks), penguins, polar bears, seals, dugongs, manatees and turtles. They were tracked between 1985 and 2018, throughout the world’s oceans.

Ana Sequeira swimming with a whale shark in Ningaloo Reef, Western Australia, to collect samples.
Australian Institute of Marine Science

Mapping reveals a lack of protection

When we started analysing the data, it showed the tagged animals used some parts of the ocean more frequently than others. Most of them travelled to the central Indian Ocean, northeast Pacific Ocean, Atlantic north, and waters around Mozambique and South Africa.

It’s likely this reflects a lack of data from elsewhere. However, these species are known to go to places where they are most likely to find food, so we expect some areas to be used more than others (including the areas we detected).

Then we were able to identify the world’s most “ecologically and biologically significant areas” for the tracked animals.

Currently only about 8% of the global ocean is protected. And only 5% of the important marine megafauna areas we identified occur within these existing marine protected areas.

This leaves all of the other important marine megafauna areas we identified unprotected. In other words, the species using those areas are likely to suffer harm from human activities taking place at sea.

More than 90% of the important marine megafauna areas we identified are exposed to high plastic pollution, shipping traffic or to intensifying global warming. And about 75% are exposed to industrial fishing.

We also found marine megafauna tend to spend most of their time within exclusive economic zones. This area lies beyond the territorial sea or belt of water 12 nautical miles from the coast of each country, extending 200 nautical miles from shore. The presence of megafauna in these exclusive economic zones means individual countries could increase the protection afforded within their jurisdictions.

About 40% of the important marine megafauna areas were located in these zones. But about 60% were on the high seas.

The future of marine megafauna conservation

The High Seas Treaty, recently adopted by the United Nations and signed by 115 countries, governs the conservation and sustainable use of marine biological biodiversity on the open ocean.

Working alongside this treaty, the Kunming-Montreal Global Biodiversity Framework aims to protect 30% of the global ocean by 2030. This presents an opportunity to ensure important marine megafauna areas are well represented.

We used an optimisation algorithm to identify the best areas to protect, when it comes to marine megafauna. We gave priority to areas that are potentially used for feeding, breeding, resting and migrating across all the different species.

But even if important marine megafauna areas are selected when 30% of the ocean is protected, about 60% of these areas would still stay unprotected.

Significant risks from human activities will remain. Management efforts must also focus on reducing harm from fishing and shipping. Fighting climate change and cutting down noise and plastic pollution should also be key priorities.

Like for most megafauna on land, the reign of marine megafauna might come to an end if humanity does not afford these species greater protection.

Ana M. M. Sequeira receives funding from the Australian Research Council and a Pew Marine Fellowship from the Pew Charitable Trusts. She is also affiliated with the University of Western Australia.

– ref. We tracked 13,000 giants of the ocean over 30 years, to uncover their hidden highways – https://theconversation.com/we-tracked-13-000-giants-of-the-ocean-over-30-years-to-uncover-their-hidden-highways-254610

MIL OSI Analysis – EveningReport.nz –

June 6, 2025

Category: KB

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Our study

Family violence disrupts school attendance and participation

Family violence and homework

A missed opportunity

What needs to change

Pulling all the data together: a mega task

Mapping reveals a lack of protection

The future of marine megafauna conservation