Category: KB

  • MIL-OSI USA: Senator Murray, Rep. Smith, Rep. Jayapal Call for U.S. Led Investigation Into the Death of Ayşenur Ezgi Eygi

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    Washington, D.C. – Today, Senator Patty Murray (D-WA), and U.S. Representatives Adam Smith (D, WA-09) and Pramila Jayapal (D, WA-07), released the following joint statement urging the Biden Administration to immediately launch an investigation into the fatal shooting of U.S. Citizen Ayşenur Ezgi Eygi in the West Bank:

    “On September 6, Ayşenur Ezgi Eygi was fatally shot in the West Bank while she was peacefully participating in a demonstration against Israeli settlements in the Palestinian village of Beita. Since then, we have requested an independent, thorough, credible, and transparent investigation into what happened that day to both better understand the circumstances of her death and ensure that if any laws were broken those who were responsible are held to account.

    “This week, Ms. Eygi’s family came to D.C. to discuss the challenges they’ve faced and the questions they still have about what happened. The lack of answers they have received is unacceptable.

    “We call on Israel to complete their investigation and release their report on the cause of her death. Secretary Blinken must insist on the release of any Israeli investigation results. We also continue to urge the U.S. Department of Justice to initiate an independent, U.S.-led investigation into Ms. Eygi’s death. If the Justice Department isn’t going to investigate, then the State Department should release their own findings and seek accountability.

    “Prime Minister Netanyahu and his government have exacerbated tensions in the West Bank with their promotion of rapid Israeli settlement expansion. This dangerous situation in the West Bank has claimed the lives of far too many civilians, including Ms. Eygi.

    “We applaud the sanctions that President Biden has imposed thus far on extremist Israeli settlers, including the settler organization Amana. Clearly, more must be done. The policies of Prime Minister Netanyahu’s government undermine the viability of a Palestinian state and Israel’s security, violate the rights of Palestinians living in the West Bank, and put the region at even greater risk of further destabilization.

    “It is time for the Biden Administration to thoroughly investigate the shooting of Ms. Eygi.”

    MIL OSI USA News

  • MIL-OSI United Nations: Security Council Extends Mandate of United Nations Observer Force in Golan for Six Months through Resolution 2766 (2024), Amid Reports of Israel Incursion

    Source: United Nations General Assembly and Security Council

    The Security Council today renewed the mandate of the United Nations Disengagement Observer Force (UNDOF) in the Golan for six months until 30 June 2025 and requested the Secretary-General to ensure that the Force has the required capacity and resources to fulfil its mandate “in a safe and secure way”.

    UNDOF was established immediately following the 1974 Disengagement of Forces Agreement between Israel and Syria, with a mandate to maintain the ceasefire and supervise the area of separation — a demilitarized buffer zone — as well as the area of limitation — where Israeli and Syrian troops and equipment are restricted — in the Golan.

    Today’s unanimous adoption of resolution 2766 (2024) (to be issued as document S/RES/2766(2024)) follows reports of Israeli troops entering the demilitarized zone after the fall of Syrian President Bashar al-Assad earlier this month. 

    Speaking after the adoption, Algeria’s delegate highlighted that the collaborative efforts of the Russian Federation and the United States in drafting the text “has enabled us to unanimously renew the mandate of UNDOF, which comes at a critical juncture for Syria and the whole region”.

    He said the resolution underscores that there should be no military forces, equipment or personnel in the area of separation other than those of UNDOF.  “The actual presence of Israeli forces in the area is illegal and constitutes a flagrant violation of the 1974 disengagement agreement and relevant Security Council resolutions,” he warned.

    Drawing attention to a protest in the Dara’a Governorate in Syria earlier today during which Israeli soldiers opened fire, injuring a young man, he said:  “To those who still doubt that we are witnessing the occupation of new territories in Syria, I would ask:  What is your stance on this?”

    The mandate of UNDOF has been extended every six months, last renewed on 27 June.  (See Press Release SC/15748.)

    NEW – Follow real-time meetings coverage on our LIVE blog.

    MIL OSI United Nations News

  • MIL-OSI USA: H.R. 10545, American Relief Act, 2025

    Source: US Congressional Budget Office

    Division A would provide for the continuation, through March 14, 2025, of the appropriations and authorities contained in the 12 regular appropriation acts for 2024, which were contained in divisions A through F of the Consolidated Appropriations Act, 2024 (Public Law 118-42) and divisions A through F of the Further Consolidated Appropriations Act, 2024 (P.L. 118-47). Estimates are annualized—that is, estimated as if appropriations were provided for the entire fiscal year.

    Division B would provide supplemental appropriations for fiscal year 2025 for a broad range of federal agencies to respond to recent natural disasters and provide related assistance. The legislation would designate those amounts as emergency requirements in keeping with section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985. 

    MIL OSI USA News

  • MIL-OSI USA: Endo USA, Inc. Issues Voluntary, Nationwide Recall of Adrenalin® Chloride Solution (EPINEPHrine Nasal Solution, USP) Due to the Potential for Administration Errors

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    FDA Publish Date:
    Product Type:
    Drugs
    Reason for Announcement:

    Recall Reason Description

    Product is an unapproved drug.

    Company Name:
    Endo, Inc.
    Brand Name:

    Brand Name(s)

    Par Pharmaceutical

    Product Description:

    Product Description

    Adrenalin® Chloride Solution (EPINEPHrine nasal solution, USP)


    Company Announcement

    MALVERN, PA, December 20, 2024 – Endo, Inc (OTCQX: NDOI) (“Endo”), announced today that one of its operating subsidiaries, Endo USA, Inc., is voluntarily recalling all lots within expiry of Adrenalin® Chloride Solution (EPINEPHrine nasal solution, USP) 30mg/30mL (1mg/mL) 30 mL vials, to the consumer level. This product, which pre-dates the 1938 Federal Food, Drug & Cosmetic Act, was never submitted for approval by the FDA, and as such, is an unapproved drug for which safety and efficacy have not been established and, therefore, subject to recall. In addition, FDA has determined the product to be misbranded with a misleading label similar in appearance to the FDA-approved drug product Adrenalin® (epinephrine injection, USP) (1mg/mL) 30mL vial, also produced by Endo USA, Inc.

    Both products are distributed to hospitals and healthcare systems for use by healthcare professionals. The similarity in labeling makes it difficult to distinguish between the non-sterile topical and sterile injectable product which can lead to potential administration errors. This recall does not include the approved Adrenalin® (epinephrine injection, USP) (1mg/mL) 30mL vial.

    Risk Statement: Intravenous administration of the unapproved non-sterile topical Adrenalin® Chloride Solution (EPINEPHrine nasal solution, USP), instead of the approved sterile Adrenalin® (epinephrine injection, USP) (1mg/mL) 30mL vial for injection, would result in non-fatal serious and/or severe, health outcomes related to delayed or inadequate treatment of the underlying condition (anaphylaxis, hemodynamic instability, hypotension) or infection due to intravenous administration of a non-sterile product. In addition, there is a high probability that intravenous administration of the nasal product will result in patients receiving the wrong dose of epinephrine in emergency situations for serious, life-threatening conditions such as the treatment of anaphylaxis, blood pressure support, and cardiac arrest. If these events are not treated with the correct dose of epinephrine, patients may be at risk for death.

    Endo has not received reports of adverse events in the last five years.

    Adrenalin® Chloride Solution (EPINEPHrine nasal solution, USP) is a vasoconstrictor for topical application. The 30 mL vial is distributed in individually packed cartons under NDC #42023-103-01 with the language “Nasal Solution USP” and “For Topical Application” on the package. The product lots being recalled were distributed nationwide to wholesale distributors from October 10, 2023, through December 11, 2024.

    This recall impacts the following product lots:

    Product 

    NDC 

    Lot # 

    Date of Expiry 

    Adrenalin® Chloride Solution (EPINEPHrine
    Nasal Solution, USP) for topical application
    30mg/30mL (1mg/mL)

    42023-103-01

    82809

    03/2026

    79637

    11/2025

    77776

    07/2025

    74716

    05/2025

    71835

    01/2025

    72916

    01/2025

    Package Identification: See example of vial label from the affected lots attached to this press release.

    Endo is providing written notification to all direct customer accounts that have received the affected product lots and is arranging for return of all existing inventory through Inmar, Inc. Wholesale distributors that have the product lots being recalled should immediately discontinue use and stop distribution immediately.

    Questions regarding this recall can be directed to Inmar, Inc. at 1-877-560-8453 Monday through Friday between the hours of 9 a.m. and 5 p.m. EST or by email at rxrecalls@inmar.com. For medical or technical product information or to report a product complaint or adverse event please call 1-800-828-9393.

    Adverse reactions or quality problems experienced with the use of this product may be reported to the FDA’s MedWatch Adverse Event Reporting program either online, by regular mail or by fax.

    • Complete and submit the report Online
    • Regular Mail or Fax: Download form or call 1- 800-332-1088 to request a reporting form, then complete and return to the address on the pre-addressed form, or submit by fax to 1-800-FDA-0178

    This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements including but not limited to any statements related to product recalls, mislabeling, misbranding, safety concerns, administration errors, adverse events, FDA or other regulatory actions and any other statements that refer to expected, estimated or anticipated future results or that do not relate solely to historical facts. Statements including words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plan,” “will,” “may,” “look forward,” “guidance,” “future,” “potential” or similar expressions are forward-looking statements. Because these statements reflect Endo’s current views, expectations and beliefs concerning future events, they involve risks and uncertainties, some of which Endo may not currently be able to predict. Although Endo believes that these forward-looking statements and other information are based upon reasonable assumptions and expectations, readers should not place undue reliance on these or any other forward-looking statements and information. Actual results may differ materially and adversely from current expectations based on a number of risks, uncertainties and factors, including risks and uncertainties related to the recall and any future recalls, potential adverse events and any regulatory actions by the FDA. Endo assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required under applicable securities laws. Additional information concerning risk factors, including those referenced above, can be found in press releases issued by Endo and in Endo’s public filings with the U.S. Securities and Exchange Commission, including the discussion under the heading “Risk Factors” in Endo’s most recent Form 10-Q and in Endo’s final prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended, in connection with its Form S-1/A.

    Customers:      Media:
    Inmar, Inc.      Linda Huss
    1-877-560-8453      media.relations@endo.com


    Company Contact Information

    Consumers:
    Inmar, Inc.
    1-877-560-8453

    MIL OSI USA News

  • MIL-OSI Russia: IMF Executive Board Completes the First Review under the Extended Credit Facility (ECF) Arrangement for Togo

    Source: IMF – News in Russian

    December 20, 2024

    • The IMF Executive Board completed today the first review under the ECF-arrangement for Togo, allowing the authorities to draw the equivalent of about US$57.4 million (SDR 44.0 million). The Executive Board approved the 42-month ECF-arrangement in March 2024.
    • Togo’s growth performance has remained robust, and inflation is moderating. The medium-term outlook is broadly favorable, with continued robust growth but also elevated risks.
    • Togo has continued to advance its reform agenda, and the program is on track. Policy priorities are to (i) make growth more inclusive while strengthening debt sustainability, and (ii) implement structural reforms to support growth and limit financial sector and associated fiscal risks.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the first review of the ECF-arrangement for Togo. The Board’s decision enables the immediate disbursement of SDR 44.0 million (about US$ 58.7 million), which will be used for budget support. The ECF-arrangement provides overall financing of SDR 293.60 million (about US$ 390 million).

    The IMF approved the ECF-arrangement on March 1st, 2024 (see Press Release No. 24/64) to help the authorities address the legacies of the shocks seen since 2020, notably the COVID-pandemic and the increase in global food and fuel prices. The Togolese authorities were able to lessen these shocks’ impacts on the Togolese economy and population. However, this resulted in an increase in fiscal deficits and debt. The IMF-supported government program aims to (i) make growth more inclusive while strengthening debt sustainability, and (ii) implement structural reforms to support growth and limit financial sector and associated fiscal risks.

    The medium-term outlook is broadly favorable, with continued robust growth. Economic growth reached an estimated 5.6 percent in 2023 and is projected at 5.3 percent in 2024-25 and around 5.5 percent per year thereafter according to IMF staff projections, barring major adverse shocks. Headline inflation eased to 3.3 percent in October 2024 and core inflation (which excludes the prices of food and transport) to 2.2 percent (annual averages).

    However, the outlook is subject to high risks. In particular, terrorist attacks in the country’s North continues unabated and appears to be intensifying, putting pressure on spending. The authorities are contending with the challenging trade-offs between fiscal consolidation to lower the debt burden and the need to maintain robust growth in the context of limited fiscal space.

    Implementation of the program is on track. The authorities have met all end-June quantitative performance criteria, and prospects for meeting the quantitative targets for the rest of the year are favorable. The authorities also have met two out of the four due structural benchmarks, and there are prospects for the authorities to deliver at a later stage on the limited elements that have led to the missing of two benchmarks. Further, prospects for meeting the two end-December benchmarks are good. Finally, the authorities have made good progress on the reform of the remaining state-owned bank.

    At the conclusion of the Executive Board’s discussion, Mr. Bo Li, Deputy Managing Director, and Acting Chair, made the following statement: 

    “The Togolese authorities have shown strong implementation of the program supported under the Extended Credit Facility (ECF). The authorities have met all quantitative targets despite security challenges and tight financing conditions, and they have progressed on structural reforms to strengthen revenue mobilization, inclusion, and public financial management. 

    “Togo’s outlook is subject to elevated risks, broadly as at the program request in March 2024, while security conditions have deteriorated. In line with this, the design of the program as conceived at the outset remains broadly appropriate, and the authorities should continue to implement the program with determination to place the country on the path of strong and sustainable growth.   

    “In the area of fiscal policies, the authorities should continue to aim to address debt vulnerabilities in a context of regional vulnerabilities while supporting growth and enhancing inclusion. For this, it will be important to implement the agreed fiscal anchor by limiting fiscal deficits to 3 percent of GDP from 2025 onwards, continue to raise tax revenue while making taxation more efficient, and implement structural reforms to enhance the efficiency of spending and make the social safety net more effective and efficient. 

    “It will also be essential to continue efforts to strengthen governance. The authorities’ recent request for an IMF Governance Diagnostic is welcome, as is their commitment to strengthening beneficial ownership declarations for companies benefiting from public procurement contracts. On the financial sector, the authorities should continue the reform of the remaining public bank by bringing the bank’s capital in line with regulatory requirements and reforming its operations to ensure its stability and profitability. Efforts to strengthen the AML/CFT framework will also be important.

    Togo: Selected Economic and Financial Indicators, 2020–29

     

    2020

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

     

    Estimates

    Projections

     

    (Percentage change, unless otherwise indicated)

    Real GDP

    2.0

    6.0

    5.8

    5.6

    5.3

    5.3

    5.5

    5.5

    5.5

    5.5

    Real GDP per capita

    -0.4

    3.5

    3.3

    3.1

    2.8

    2.8

    3.0

    3.0

    3.0

    3.0

    GDP deflator

    1.8

    2.5

    3.7

    2.9

    2.2

    2.0

    2.0

    2.0

    2.0

    2.0

    Consumer price index (average)

    1.8

    4.5

    7.6

    5.3

    3.3

    2.3

    2.0

    2.0

    2.0

    2.0

    GDP (CFAF billions)

    4253

    4621

    5069

    5507

    5927

    6366

    6850

    7371

    7932

    8536

    Exchange rate CFAF/US$ (annual average level)

    575

    554

    622

    606

    Real effective exchange rate (appreciation = –)

    -2.0

    -1.4

    2.3

    -5.4

    Terms of trade (deterioration = –)

    -1.4

    6.6

    23.3

    3.4

    0.9

    -1.7

    -0.8

    1.4

    1.3

    0.4

       

    Monetary survey

    (Percentage change of beginning-of-period broad money)

      Net foreign assets

    14.1

    5.6

    -0.6

    6.2

    4.9

    -0.1

    3.0

    2.8

    2.2

    2.2

      Net credit to government

    -1.6

    -0.3

    8.0

    0.2

    -2.9

    1.0

    1.2

    2.0

    0.2

    0.2

      Credit to nongovernment sector

    0.2

    6.0

    10.7

    1.5

    7.3

    6.5

    4.4

    4.6

    4.9

    4.8

      Broad money (M2)

    11.4

    12.3

    14.9

    8.5

    8.8

    7.4

    7.6

    7.6

    7.6

    7.6

      Velocity (GDP/end-of-period M2)

    2.1

    2.1

    2.0

    2.0

    2.0

    2.0

    2.0

    2.0

    2.0

    2.0

     

    Investment and savings

     

      Gross domestic investment

    21.4

    23.4

    25.9

    28.0

    25.7

    24.2

    25.0

    25.9

    26.7

    27.2

       Government

    9.3

    8.2

    9.7

    11.5

    9.0

    7.1

    7.7

    8.4

    8.9

    9.4

       Nongovernment

    12.1

    15.2

    16.2

    16.5

    16.7

    17.1

    17.3

    17.5

    17.8

    17.8

      Gross national savings

    21.1

    21.2

    22.5

    25.1

    22.7

    21.2

    22.4

    23.7

    24.7

    25.2

       Government

    2.2

    3.6

    1.4

    4.8

    4.1

    4.1

    4.7

    5.4

    5.8

    6.4

       Nongovernment

    18.9

    17.6

    21.0

    20.3

    18.6

    17.1

    17.7

    18.3

    18.9

    18.8

     

    Government budget

     

      Total revenue and grants

    16.6

    17.1

    17.6

    19.8

    18.8

    18.6

    19.1

    19.5

    19.9

    20.3

       Revenue

    14.1

    15.3

    15.1

    16.8

    16.6

    17.1

    17.6

    18.1

    18.5

    19.1

        Tax revenue

    12.5

    14.0

    13.9

    14.8

    15.2

    15.7

    16.2

    16.7

    17.2

    17.7

      Expenditure and net lending (excl. banking sector operation)

    23.7

    21.8

    26.0

    26.6

    23.7

    21.6

    22.0

    22.6

    22.9

    23.3

      Overall primary balance (commitment basis, incl. grants)

    -4.7

    -2.5

    -5.9

    -3.9

    -3.7

    -0.5

    -0.6

    -0.8

    -1.0

    -1.1

      Overall balance (commitment basis, incl. grants, excl. banking sector operations)

    -7.0

    -4.7

    -8.3

    -6.7

    -4.9

    -3.0

    -3.0

    -3.0

    -3.0

    -3.0

      Overall balance (commitment basis, incl. grants)

    -7.0

    -4.7

    -8.3

    -6.7

    -6.4

    -3.0

    -3.0

    -3.0

    -3.0

    -3.0

      Overall primary balance (cash basis, incl. grants)

    -4.7

    -3.4

    -5.9

    -3.9

    -3.7

    -0.5

    -0.6

    -0.8

    -1.0

    -1.1

      Overall balance (cash basis, incl. grants, excl. banking sector operations)

    -7.1

    -5.6

    -8.3

    -6.7

    -4.9

    -3.0

    -3.0

    -3.0

    -3.0

    -3.0

      Overall balance (cash basis, incl. grants)

    -7.1

    -5.6

    -8.3

    -6.7

    -6.4

    -3.0

    -3.0

    -3.0

    -3.0

    -3.0

     

    External sector

     

    Current account balance

    -0.3

    -2.2

    -3.5

    -2.9

    -3.0

    -2.9

    -2.6

    -2.2

    -2.0

    -2.0

       Exports (goods and services)

    23.3

    23.7

    26.6

    25.5

    25.7

    25.6

    26.0

    26.2

    26.2

    26.1

       Imports (goods and services)

    -32.3

    -34.0

    -38.8

    -36.2

    -35.4

    -34.4

    -33.9

    -33.7

    -33.5

    -33.5

    External public debt1

    27.6

    27.3

    26.2

    25.9

    29.5

    29.0

    29.9

    30.6

    30.8

    30.4

    External public debt service (percent of exports)1

    6.9

    5.2

    8.3

    8.2

    8.4

    15.5

    9.2

    8.3

    7.2

    6.5

    Domestic public debt2

    34.6

    37.6

    41.2

    42.1

    40.2

    39.1

    36.6

    34.3

    32.3

    31.4

    Total public debt3

    62.2

    64.9

    67.4

    68.0

    69.7

    68.2

    66.4

    64.8

    63.1

    61.8

    Total public debt (excluding SOEs)4

    60.1

    63.0

    65.8

    66.6

    68.6

    67.2

    65.6

    64.1

    62.5

    61.3

    Present value of total public debt3

    60.6

    60.7

    57.7

    54.5

    51.5

    48.8

    47.1

    Sources: Togolese authorities and IMF staff estimates and projections.

     

    1 Includes state-owned enterprise external debt.

    2 Includes domestic arrears and state-owned enterprise domestic debt.

    3 Includes domestic arrears and state-owned enterprise debt.

    4 Includes domestic arrears.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Kwabena Akuamoah-Boateng

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/12/20/pr24494-togo-imf-exec-board-completes-first-rev-ecf-arrangement

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI China: Full text: Chinese President Xi Jinping’s address at the meeting celebrating the 25th anniversary of Macao’s return to the motherland and the inaugural ceremony of the sixth-term government of the Macao SAR

    Source: People’s Republic of China – State Council News

    Full text: Chinese President Xi Jinping’s address at the meeting celebrating the 25th anniversary of Macao’s return to the motherland and the inaugural ceremony of the sixth-term government of the Macao SAR

    MIL OSI China News

  • MIL-OSI China: China’s manufacturing industry accelerates intelligent transformation

    Source: People’s Republic of China – State Council News

    BEIJING, Dec. 20 — China’s manufacturing sector is experiencing a rapid transformation towards intelligent manufacturing, with new industries mushrooming rapidly, according to the Ministry of Industry and Information Technology (MIIT).

    China has established 50 international standards for intelligent manufacturing, and is home to over 6,500 intelligent manufacturing system solution providers, offering services that span the entire manufacturing sector, said the ministry.

    With over 4.14 million 5G base stations, China has already achieved its 2025 target of 26 base stations per 10,000 people, representing the country’s advanced infrastructure in intelligent technologies.

    This rapid transition can be largely attributed to robust government policies. In a strategic move to build a number of high-level and iconic smart factories, Chinese authorities decided in October to roll out graduated cultivation for the smart factories at four levels.

    Xin Guobin, vice minister of the MIIT, said that China will focus on nurturing a group of intelligent manufacturing solution providers that master core technologies and specialize in a niche industry, and drive further integration, innovation and large-scale 5G application in the manufacturing sector.

    MIL OSI China News

  • MIL-OSI China: China launches communication technology test satellite

    Source: People’s Republic of China – State Council News

    XICHANG, Dec. 20 — China successfully sent a test satellite for communication technology into space from the Xichang Satellite Launch Center in southwestern Sichuan Province on Friday.

    The satellite was launched by a Long March-3B carrier rocket at 11:12 p.m. (Beijing Time) and has entered the planned orbit.

    This satellite will be used for satellite communications, radio and television, data transmission, and other services. It will also carry out tests and verification of related technologies.

    This launch marked the 554th mission of Long March series carrier rockets.

    MIL OSI China News

  • MIL-OSI USA: Tai Mo Shan to Pay $123 Million for Negligently Misleading Investors About Stability of Terra USD

    Source: Securities and Exchange Commission

    Order also finds Tai Mo Shan acted as a statutory underwriter in distributing LUNA crypto assets, which were offered and sold as securities

    The Securities and Exchange Commission today charged Tai Mo Shan Limited with misleading investors about the stability of Terra USD (UST), a purported “algorithmic stablecoin” issued by Terraform Labs PTE Ltd. (Terraform), when UST dropped from its purportedly fixed exchange rate of 1 UST to $1, known as a peg. The Commission further charged Tai Mo Shan with offering and selling securities in unregistered transactions by acting as a statutory underwriter with respect to certain of its offers and sales of LUNA, a crypto asset issued by Terraform and offered and sold as a security. Tai Mo Shan is a wholly-owned subsidiary of Jump Crypto Holdings LLC.

    Terraform and its founder, Do Kwon, were found liable for fraud and unregistered securities offerings by a federal district court in April 2024 and agreed to pay $4.5 billion to harmed investors. The SEC’s order finds that, when UST devalued from its $1 peg in May 2021, Tai Mo Shan and Terraform entered into an agreement that incentivized Tai Mo Shan to purchase UST in exchange for Terraform “vesting” Tai Mo Shan’s existing option to purchase LUNA at a discount to its then-prevailing market price. On that day and subsequent days, Tai Mo Shan tried to restore UST toward its $1 peg, including by purchasing more than $20 million UST. In light of prior statements by Terraform that its algorithmic mechanism would maintain UST’s $1 peg, Tai Mo Shan acted negligently by trading UST in a manner that deceived the market into believing that Terraform’s algorithmic mechanism was working to stabilize UST, when in reality the price was being stabilized, at least in part, by Tai Mo Shan’s large purchases of UST, which were incentivized by Terraform.

    The SEC’s Order also finds that, from at least January 2021 to May 2022, Tai Mo Shan acted as a statutory underwriter with respect to LUNA, a crypto asset offered and sold as a security. Tai Mo Shan acquired certain LUNA crypto assets from Terraform with a view toward distribution after it offered and resold LUNA as securities into the market on U.S.-based crypto asset trading platforms shortly after acquiring it from Terraform.

    “This case reminds us that, too many times in the crypto markets, we’ve seen significant investor losses due to fraud,” said SEC Chair Gary Gensler. “Here, the impact reverberated throughout the crypto markets, eventually costing the savings of countless investors. Regardless of the labels, crypto market participants should comply with the securities laws where applicable and not deceive the public. Otherwise, investors get hurt.”

    As part of the settlement, Tai Mo Shan agreed to pay $73,452,756 in disgorgement, $12,916,153 in prejudgment interest, and a $36,726,378 civil penalty. Without admitting or denying the SEC’s findings, Tai Mo Shan agreed to cease and desist from violations of the registration and fraud provisions it violated.

    The SEC’s investigation was conducted by Liz Canizares, Derek Kleinmann, and Daniel Sinnreich, with assistance from analyst Bryan Hsueh and trial attorneys Carina Cuellar and Laura Meehan. The investigation was supervised by Don Battle, Michael Brennan, James Connor, Kristin Pauley, and Jorge Tenreiro.

    MIL OSI USA News

  • MIL-OSI USA: Legionella Bacteria Detected in Baltimore City Circuit and District Courts

    Source: US State of Maryland

    FOR IMMEDIATE RELEASE
    December 20, 2024

    Government Relations and Public Affairs
    187 Harry S. Truman Parkway
    Annapolis, Maryland 21401

    Legionella Bacteria Detected in Baltimore City Circuit and District Courts
    Cummings, Mitchell, and Civil Courthouses Closed Monday and Tuesday

    Circuit Courts:
    The Clerk of the Court at the Circuit Court of Baltimore City informed the Maryland Judiciary Friday morning, December 20, 2024, that a member of his staff is suspected of having been exposed to Legionella Pneumonia. The Maryland Judiciary leadership, Baltimore City courts leadership, and Baltimore City leadership met and were informed by City of Baltimore Mayor Brandon M. Scott that the Mitchell and Cummings circuit courthouses tested positive for Legionella bacteria.

    The Mitchell and Cummings courthouses were closed this afternoon to implement safety protocols and begin remediation steps. Following recommendations from health officials, Administrative Judge Audrey J.S. Carrion issued an Administrative Order to close the Michell and Cummings courthouses on Monday, December 23, and Tuesday, December 24, for remediation by the City of Baltimore Department of General Services. Both courthouses are scheduled to reopen on Thursday, December 26, 2024, at 8 a.m. Emergency matters will be heard on Monday, December 23, and Tuesday, December 24, at the Baltimore City Juvenile Justice Center, 300 N. Gay Street, Baltimore.

    The Baltimore City circuit courthouses will be providing signage in all public bathrooms. Hand sanitizer and bottled water will be available for employees and visitors.

    District Courts: 
    The Maryland Judiciary was informed on December 6, 2024, that the Wabash and Patapsco district courthouses had tested positive for legionella bacteria. Since that time, the water supply systems at both courthouses were flushed and treated and additional tests were performed. Drinking fountains were blocked, signage notifying employees and visitors was posted in all bathrooms, and hand sanitizer and bottled water were made available for both employees and the public.

    In addition, tests were performed at the Civil building on December 9, 2024, and the North Avenue courthouse on December 17, 2024. We were notified of positive test results for the Civil courthouse today, December 20, 2024. The Civil courthouse will be closed Monday, December 23, and Tuesday, December 24, for remediation by the City of Baltimore Department of General Services. Both courthouses are scheduled to reopen on Thursday, December 26, 2024, at 8 a.m. All emergency housing matters typically handled at the Civil courthouse will be moved to the Wabash District Court on Monday, December 23, 2024, and Tuesday, December 24, 2024. Wabash, Patapsco, and North Avenue courthouses will continue normal operations.

    The Maryland Judiciary was informed late yesterday, December 19, 2024, that the results from the testing at both Wabash and Patapsco continued to show positive results of the legionella bacteria. The Maryland Department of General Services has confirmed that an updated remedial plan has been put in place at these courthouses. The Maryland Department of General Services, after consultation with Maryland Department of Health, has provided health guidance to the District Court of Maryland regarding Legionella bacteria. The same guidance applies to the Circuit Court for Baltimore City.

    Based on the information provided by the Maryland Department of General Services and the Maryland Department of Health, the precautions that have been taken at the Baltimore City courthouses are sufficient to safely remain open.

    Please contact the Maryland Judiciary, Government Relations and Public Affairs Division, at [email protected] or 410-260-1488, for questions.

    ###

    MIL OSI USA News

  • MIL-OSI: Finward Bancorp Announces Fourth Quarter Dividend

    Source: GlobeNewswire (MIL-OSI)

    Munster, Ind., Dec. 20, 2024 (GLOBE NEWSWIRE) — Finward Bancorp (Nasdaq: FNWD) (the “Bancorp” or “Finward”), the holding company for Peoples Bank (the “Bank”), today announced that on December 20, 2024 the Board of Directors of Finward declared a dividend of $0.12 per share on Finward’s common stock payable on February 3, 2025 to shareholders of record at the close of business on January 21, 2025.

    About Finward Bancorp

    Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business, electronic and wealth management financial services from its 26 locations in Lake and Porter Counties in Northwest Indiana and the Chicagoland area. Finward Bancorp’s common stock is quoted on The NASDAQ Stock Market, LLC under the symbol FNWD. The website ibankpeoples.com provides information on Peoples Bank’s products and services, and Finward Bancorp’s investor relations.

    Forward Looking Statements

    This Current Report on Form 8-K may contain forward-looking statements regarding the financial performance, business prospects, growth, and operating strategies of Finward. For these statements, Finward claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this communication should be considered in conjunction with the other information available about Finward, including the information in the filings Finward makes with the Securities and Exchange Commission (“SEC”). Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Forward-looking statements are typically identified by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance.

    Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include: the Bank’s ability to demonstrate compliance with the terms of the previously disclosed consent order and memorandum of understanding entered into between the Bank and the Federal Deposit Insurance Corporation (“FDIC”) and Indiana Department of Financial Institutions (“DFI”), or to demonstrate compliance to the satisfaction of the FDIC and/or DFI within prescribed time frames; the Bank’s agreement under the memorandum of understanding to refrain from paying cash dividends without prior regulatory approval; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer acceptance of Finward’s products and services; customer borrowing, repayment, investment, and deposit practices; customer disintermediation; the introduction, withdrawal, success, and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions, and divestitures; economic conditions; and the impact, extent, and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in Finward’s reports (such as the Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K) filed with the SEC and available at the SEC’s Internet website (www.sec.gov). All subsequent written and oral forward-looking statements concerning Finward or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Except as required by law, Finward does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statement is made.

    In addition to the above factors, we also caution that the actual amounts and timing of any future common stock dividends or share repurchases will be subject to various factors, including our capital position, financial performance, capital impacts of strategic initiatives, market conditions, and regulatory and accounting considerations, as well as any other factors that our Board of Directors deems relevant in making such a determination. Therefore, there can be no assurance that we will repurchase shares or pay any dividends to the holders of our common stock, or as to the amount of any such repurchases or dividends.

    ###

    The MIL Network

  • MIL-OSI: Purpose Investments Inc. Announces 2024 Final Annual Income and Capital Gains Distributions For Purpose Mutual Fund Trusts with December 15, 2024 Tax Year-End

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the final annual distributions of income and capital gains for its open-end exchange-traded funds structured as mutual fund trusts (the “Funds”) with a December 15, 2024 tax year-end. The distributions represent income earned and capital gains realized by the Funds during the year.

    Details of the per unit distribution amounts are as follows:

    Final Annual Distributions of Income

    Purpose Mutual Fund Trusts Ticker Symbol Exchange Final Annual Income Distribution Per Unit NAV per Unit as of
    Dec 19, 2024
    Final Distribution (% of Dec 19, 2024 NAV) Distribution Type
    (Cash or Notional)
    Purpose Global Flexible Credit Fund – ETF Units FLX TSX  $ 0.1800 $ 7.37 2.44 % Cash
    Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged Units FLX.B TSX $ 0.2250 $ 9.19 2.45 % Cash
    Purpose Global Flexible Credit Fund – ETF Non-Currency Hedged USD Units FLX.U TSX US $ 0.1500

    US $ 6.16

    2.44 % Cash

    ETF Series unitholders of record at the close of business on December 31, 2024 will receive the 2024 annual income distributions on January 7, 2025. The ex-distribution date for the 2024 annual income distributions will be December 31, 2024. Purpose expects to announce the final year-end notional distribution of income for Purpose Specialty Lending Trust on or about January 24, 2025, if necessary.

    Final Annual Capital Gains – Notional Distributions

    Purpose Mutual Fund Trusts Ticker Symbol Exchange Final Annual Capital Gain Distribution Per Unit NAV per Unit as of Dec 19, 2024 Final Distribution (% of Dec 19, 2024 NAV) Distribution Type
    (Cash or Notional)
    Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units BRKY Cboe Canada $ 0.5200 $ 26.44 1.97 % Notional
    Alphabet (GOOGL) Yield Shares Purpose ETF
    – ETF Units
    YGOG Cboe Canada $ 0.3050 $ 36.22 0.84 % Notional
    Purpose Bitcoin Yield ETF – ETF Units BTCY TSX $ 0.7150 $ 8.72 8.20 % Notional
    Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged Units BTCY.B TSX $ 0.8800 $ 10.69 8.23 % Notional
    Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged USD Units BTCY.U TSX US $ 0.6950

    US $ 8.47

    8.20 % Notional
    Purpose Ether Yield ETF – ETF Units ETHY TSX $ 0.3730 $ 3.92 9.51 % Notional
    Purpose Ether Yield ETF – ETF Non-Currency Hedged Units ETHY.B TSX $ 0.4950 $ 5.21 9.49 % Notional
    Purpose Ether Yield ETF – ETF Non-Currency Hedged USD Units ETHY.U TSX US $ 0.3650

    US $ 3.84

    9.50 % Notional

    The annual capital gains distributions for the funds listed in table above will be paid as notional distributions. With a notional distribution, the units issued from the distribution are immediately consolidated with the units held prior to the distribution. The number of units held after the distribution is therefore identical to the number of units held before the distribution.

    Purpose confirms that the notional capital gain distributions will be applied to ETF holders of record as at the close of business on December 23, 2024. The ex-distribution date for the notional capital gain distributions will be December 23, 2024.

    Final Annual Capital Gains – Cash Distributions

    Purpose Mutual Fund Trusts Ticker Symbol Exchange Final Annual Capital Gain Distribution Per Unit NAV per Unit as of Dec 19, 2024 Final Distribution (% of Dec 19, 2024 NAV) Distribution Type
    (Cash or Notional)
    Purpose Active Balanced Fund – ETF Units PABF TSX $ 0.5800 $ 23.47 2.47 % Cash
    Purpose Active Conservative Fund – ETF Units PACF TSX $ 0.2900 $ 22.94 1.26 % Cash
    Purpose Active Growth Fund – ETF Units PAGF TSX $ 0.3750 $ 24.48 1.53 % Cash

    The respective unitholders of record on December 31, 2024 for the funds listed in the table above will receive the 2024 annual cash distributions on January 7, 2025. The ex-dividend date for the 2024 annual distributions for these ETFs (Purpose Active Balanced Fund – ETF Units, Purpose Active Growth Fund – ETF Units, and Purpose Active Conservative Fund – ETF Units) will be December 31, 2024.

    The actual breakdown of taxable amounts of reinvested and cash distributions for 2024 tax year, including tax factor allocations, will be reported to the brokers through CDS Clearing and Depository Services Inc. in early 2025.

    As an update to the press release issued on November 27, 2024, Purpose confirms that Apple (AAPL) Yield Shares Purpose ETF, Amazon (AMZN) Yield Shares Purpose ETF, NVIDIA (NVDA) Yield Shares Purpose ETF, and Microsoft (MSFT) Yield Shares Purpose ETF will not declare a special annual distribution in 2024.

    Purpose expects to announce the final year-end distributions for Purpose High Interest Savings Fund – ETF Units, Purpose US Cash Fund – ETF Units, Purpose Cash Management Fund – ETF Units, and Purpose USD Cash Management Fund – ETF Units on or about December 31, 2024, if necessary.

    Purpose expects to announce the final annual capital gain distributions for Purpose Fund Corp. and Big Banc Split Corp. on or about January 24, 2025, if necessary. Shareholders of record on January 30, 2025 will receive the annual capital gains distributions on February 5, 2025, and such capital gains will be applicable for the 2025 tax year. The final year-end capital gains distributions for these funds will be paid in cash. Purpose confirms that Purpose Mutual Funds Limited funds will not declare annual capital gain distributions for the 2024 tax year.

    About Purpose Investments

    Purpose Investments is an asset management company with more than $21 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

    For further information please contact:
    Keera Hart
    Keera.Hart@kaiserpartners.com
    905-580-1257

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. This press release is not for dissemination in the United States or for distribution to US news wire services.

    The MIL Network

  • MIL-OSI Economics: IMF Executive Board Completes the First Review under the Extended Credit Facility (ECF) Arrangement for Togo

    Source: International Monetary Fund

    December 20, 2024

    • The IMF Executive Board completed today the first review under the ECF-arrangement for Togo, allowing the authorities to draw the equivalent of about US$57.4 million (SDR 44.0 million). The Executive Board approved the 42-month ECF-arrangement in March 2024.
    • Togo’s growth performance has remained robust, and inflation is moderating. The medium-term outlook is broadly favorable, with continued robust growth but also elevated risks.
    • Togo has continued to advance its reform agenda, and the program is on track. Policy priorities are to (i) make growth more inclusive while strengthening debt sustainability, and (ii) implement structural reforms to support growth and limit financial sector and associated fiscal risks.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the first review of the ECF-arrangement for Togo. The Board’s decision enables the immediate disbursement of SDR 44.0 million (about US$ 58.7 million), which will be used for budget support. The ECF-arrangement provides overall financing of SDR 293.60 million (about US$ 390 million).

    The IMF approved the ECF-arrangement on March 1st, 2024 (see Press Release No. 24/64) to help the authorities address the legacies of the shocks seen since 2020, notably the COVID-pandemic and the increase in global food and fuel prices. The Togolese authorities were able to lessen these shocks’ impacts on the Togolese economy and population. However, this resulted in an increase in fiscal deficits and debt. The IMF-supported government program aims to (i) make growth more inclusive while strengthening debt sustainability, and (ii) implement structural reforms to support growth and limit financial sector and associated fiscal risks.

    The medium-term outlook is broadly favorable, with continued robust growth. Economic growth reached an estimated 5.6 percent in 2023 and is projected at 5.3 percent in 2024-25 and around 5.5 percent per year thereafter according to IMF staff projections, barring major adverse shocks. Headline inflation eased to 3.3 percent in October 2024 and core inflation (which excludes the prices of food and transport) to 2.2 percent (annual averages).

    However, the outlook is subject to high risks. In particular, terrorist attacks in the country’s North continues unabated and appears to be intensifying, putting pressure on spending. The authorities are contending with the challenging trade-offs between fiscal consolidation to lower the debt burden and the need to maintain robust growth in the context of limited fiscal space.

    Implementation of the program is on track. The authorities have met all end-June quantitative performance criteria, and prospects for meeting the quantitative targets for the rest of the year are favorable. The authorities also have met two out of the four due structural benchmarks, and there are prospects for the authorities to deliver at a later stage on the limited elements that have led to the missing of two benchmarks. Further, prospects for meeting the two end-December benchmarks are good. Finally, the authorities have made good progress on the reform of the remaining state-owned bank.

    At the conclusion of the Executive Board’s discussion, Mr. Bo Li, Deputy Managing Director, and Acting Chair, made the following statement: 

    “The Togolese authorities have shown strong implementation of the program supported under the Extended Credit Facility (ECF). The authorities have met all quantitative targets despite security challenges and tight financing conditions, and they have progressed on structural reforms to strengthen revenue mobilization, inclusion, and public financial management. 

    “Togo’s outlook is subject to elevated risks, broadly as at the program request in March 2024, while security conditions have deteriorated. In line with this, the design of the program as conceived at the outset remains broadly appropriate, and the authorities should continue to implement the program with determination to place the country on the path of strong and sustainable growth.   

    “In the area of fiscal policies, the authorities should continue to aim to address debt vulnerabilities in a context of regional vulnerabilities while supporting growth and enhancing inclusion. For this, it will be important to implement the agreed fiscal anchor by limiting fiscal deficits to 3 percent of GDP from 2025 onwards, continue to raise tax revenue while making taxation more efficient, and implement structural reforms to enhance the efficiency of spending and make the social safety net more effective and efficient. 

    “It will also be essential to continue efforts to strengthen governance. The authorities’ recent request for an IMF Governance Diagnostic is welcome, as is their commitment to strengthening beneficial ownership declarations for companies benefiting from public procurement contracts. On the financial sector, the authorities should continue the reform of the remaining public bank by bringing the bank’s capital in line with regulatory requirements and reforming its operations to ensure its stability and profitability. Efforts to strengthen the AML/CFT framework will also be important.

    Togo: Selected Economic and Financial Indicators, 2020–29

     

    2020

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

     

    Estimates

    Projections

     

    (Percentage change, unless otherwise indicated)

    Real GDP

    2.0

    6.0

    5.8

    5.6

    5.3

    5.3

    5.5

    5.5

    5.5

    5.5

    Real GDP per capita

    -0.4

    3.5

    3.3

    3.1

    2.8

    2.8

    3.0

    3.0

    3.0

    3.0

    GDP deflator

    1.8

    2.5

    3.7

    2.9

    2.2

    2.0

    2.0

    2.0

    2.0

    2.0

    Consumer price index (average)

    1.8

    4.5

    7.6

    5.3

    3.3

    2.3

    2.0

    2.0

    2.0

    2.0

    GDP (CFAF billions)

    4253

    4621

    5069

    5507

    5927

    6366

    6850

    7371

    7932

    8536

    Exchange rate CFAF/US$ (annual average level)

    575

    554

    622

    606

    Real effective exchange rate (appreciation = –)

    -2.0

    -1.4

    2.3

    -5.4

    Terms of trade (deterioration = –)

    -1.4

    6.6

    23.3

    3.4

    0.9

    -1.7

    -0.8

    1.4

    1.3

    0.4

       

    Monetary survey

    (Percentage change of beginning-of-period broad money)

      Net foreign assets

    14.1

    5.6

    -0.6

    6.2

    4.9

    -0.1

    3.0

    2.8

    2.2

    2.2

      Net credit to government

    -1.6

    -0.3

    8.0

    0.2

    -2.9

    1.0

    1.2

    2.0

    0.2

    0.2

      Credit to nongovernment sector

    0.2

    6.0

    10.7

    1.5

    7.3

    6.5

    4.4

    4.6

    4.9

    4.8

      Broad money (M2)

    11.4

    12.3

    14.9

    8.5

    8.8

    7.4

    7.6

    7.6

    7.6

    7.6

      Velocity (GDP/end-of-period M2)

    2.1

    2.1

    2.0

    2.0

    2.0

    2.0

    2.0

    2.0

    2.0

    2.0

     

    Investment and savings

     

      Gross domestic investment

    21.4

    23.4

    25.9

    28.0

    25.7

    24.2

    25.0

    25.9

    26.7

    27.2

       Government

    9.3

    8.2

    9.7

    11.5

    9.0

    7.1

    7.7

    8.4

    8.9

    9.4

       Nongovernment

    12.1

    15.2

    16.2

    16.5

    16.7

    17.1

    17.3

    17.5

    17.8

    17.8

      Gross national savings

    21.1

    21.2

    22.5

    25.1

    22.7

    21.2

    22.4

    23.7

    24.7

    25.2

       Government

    2.2

    3.6

    1.4

    4.8

    4.1

    4.1

    4.7

    5.4

    5.8

    6.4

       Nongovernment

    18.9

    17.6

    21.0

    20.3

    18.6

    17.1

    17.7

    18.3

    18.9

    18.8

     

    Government budget

     

      Total revenue and grants

    16.6

    17.1

    17.6

    19.8

    18.8

    18.6

    19.1

    19.5

    19.9

    20.3

       Revenue

    14.1

    15.3

    15.1

    16.8

    16.6

    17.1

    17.6

    18.1

    18.5

    19.1

        Tax revenue

    12.5

    14.0

    13.9

    14.8

    15.2

    15.7

    16.2

    16.7

    17.2

    17.7

      Expenditure and net lending (excl. banking sector operation)

    23.7

    21.8

    26.0

    26.6

    23.7

    21.6

    22.0

    22.6

    22.9

    23.3

      Overall primary balance (commitment basis, incl. grants)

    -4.7

    -2.5

    -5.9

    -3.9

    -3.7

    -0.5

    -0.6

    -0.8

    -1.0

    -1.1

      Overall balance (commitment basis, incl. grants, excl. banking sector operations)

    -7.0

    -4.7

    -8.3

    -6.7

    -4.9

    -3.0

    -3.0

    -3.0

    -3.0

    -3.0

      Overall balance (commitment basis, incl. grants)

    -7.0

    -4.7

    -8.3

    -6.7

    -6.4

    -3.0

    -3.0

    -3.0

    -3.0

    -3.0

      Overall primary balance (cash basis, incl. grants)

    -4.7

    -3.4

    -5.9

    -3.9

    -3.7

    -0.5

    -0.6

    -0.8

    -1.0

    -1.1

      Overall balance (cash basis, incl. grants, excl. banking sector operations)

    -7.1

    -5.6

    -8.3

    -6.7

    -4.9

    -3.0

    -3.0

    -3.0

    -3.0

    -3.0

      Overall balance (cash basis, incl. grants)

    -7.1

    -5.6

    -8.3

    -6.7

    -6.4

    -3.0

    -3.0

    -3.0

    -3.0

    -3.0

     

    External sector

     

    Current account balance

    -0.3

    -2.2

    -3.5

    -2.9

    -3.0

    -2.9

    -2.6

    -2.2

    -2.0

    -2.0

       Exports (goods and services)

    23.3

    23.7

    26.6

    25.5

    25.7

    25.6

    26.0

    26.2

    26.2

    26.1

       Imports (goods and services)

    -32.3

    -34.0

    -38.8

    -36.2

    -35.4

    -34.4

    -33.9

    -33.7

    -33.5

    -33.5

    External public debt1

    27.6

    27.3

    26.2

    25.9

    29.5

    29.0

    29.9

    30.6

    30.8

    30.4

    External public debt service (percent of exports)1

    6.9

    5.2

    8.3

    8.2

    8.4

    15.5

    9.2

    8.3

    7.2

    6.5

    Domestic public debt2

    34.6

    37.6

    41.2

    42.1

    40.2

    39.1

    36.6

    34.3

    32.3

    31.4

    Total public debt3

    62.2

    64.9

    67.4

    68.0

    69.7

    68.2

    66.4

    64.8

    63.1

    61.8

    Total public debt (excluding SOEs)4

    60.1

    63.0

    65.8

    66.6

    68.6

    67.2

    65.6

    64.1

    62.5

    61.3

    Present value of total public debt3

    60.6

    60.7

    57.7

    54.5

    51.5

    48.8

    47.1

    Sources: Togolese authorities and IMF staff estimates and projections.

     

    1 Includes state-owned enterprise external debt.

    2 Includes domestic arrears and state-owned enterprise domestic debt.

    3 Includes domestic arrears and state-owned enterprise debt.

    4 Includes domestic arrears.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Kwabena Akuamoah-Boateng

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    MIL OSI Economics

  • MIL-OSI Economics: The Gambia: IMF Executive Board Completes the Second Review Under the Extended Credit Facility

    Source: International Monetary Fund

    December 20, 2024

    • The IMF Executive Board completed today the second review under The Gambia’s Extended Credit Facility (ECF) arrangement, enabling the immediate disbursement of about US$10.8 million to help meet financing needs and bolster inclusive, sustainable growth.
    • Economic recovery is strengthening, and inflation is gradually decreasing, although the pace remains slow. The country remains vulnerable to global shocks.
    • Program performance has been affected by fiscal pressures and delays in reform implementation, but the authorities remain committed to overall program targets. Steadfast implementation of the policy and reform agenda will be essential to safeguard macroeconomic gains and debt sustainability.

    Washington, DCDecember 20, 2024: The Executive Board of the International Monetary Fund (IMF) completed today the second review under The Gambia’s Extended Credit Facility (ECF) arrangement, approved by the IMF Executive Board on January 12, 2024, in the amount of SDR74.64 million (about US$97.3 million). The completion of the review allows for the immediate disbursement of SDR 8.29 million (about US$10.8 million), bringing total disbursements under the arrangement to about SDR 24.87 million (US$32.4 million).

    The economic recovery in The Gambia is strengthening. Real GDP growth is expected to reach 5.8 percent in 2024, supported by a broad-based rebound in economic activity. In particular, tourist arrivals are recovering and nearing pre-pandemic levels, while remittance inflows remain strong. Headline inflation has decreased significantly from a peak of 18.5 percent in September 2023, although energy prices led to a small uptick in inflation to 10 percent in October 2024.

    While the authorities remain committed to the objectives set out in the program and revenue collection has been strong, spending pressures from the Organization of Islamic Cooperation (OIC) Summit and emergency support to the public utility company NAWEC have weighed on fiscal balances. The new foreign exchange policy is working well, and international reserves exceeded targets by the end of September.  

    Based on the strength of the macroeconomic program, growth is projected at 5.9 percent in 2025 and around 5 percent in the medium term, though risks remain from global conflicts, commodity price shocks, and fluctuations in tourism and remittance flows. Steadfast implementation of the policy and reform agenda will be essential to safeguard macroeconomic gains and debt sustainability.

    Following the Executive Board’s discussion, Deputy Managing Director Bo Li issued the following statement:

    “The Gambia’s economic recovery is strengthening while inflation has trended down. Program implementation was mixed, reflecting broadly satisfactory adherence to quantitative performance criteria and indicative targets but delays in implementing structural benchmarks. The authorities remain committed to their reform agenda, despite global economic headwinds. 

    “Continued commitment to fiscal consolidation is critical to reduce fiscal risks and preserve debt sustainability. Finalizing and implementing the Domestic Revenue Mobilization Strategy will help secure consolidation gains and lower reliance on costly domestic and external financing. Improving the structure of expenditures will help maintain social services and space for growth-enhancing capital expenditures. Strengthening public financial management, including by preventing domestic arrears accumulation, and improving the performance of state-owned enterprises will help contain fiscal risks. To reduce debt vulnerabilities, it is crucial to adhere to the agreed fiscal targets, focus on grants and concessional loans, limit fiscal risks from PPPs, and implement a strong medium-term fiscal framework.

    “The Central Bank of The Gambia has appropriately maintained its tight monetary policy stance and is encouraged to remain vigilant and data dependent to ensure that inflation converges to the central bank’s medium-term target. The foreign exchange market has performed well following the introduction of the new foreign exchange policy. Going forward, the central bank is encouraged to continue pursuing an exchange rate that fully reflects market forces. The central bank’s commitment to cease financial support to public entities is welcome to prevent risks to its balance sheet.

    “Progress with structural reforms will be essential, including to enhance governance and further improve the business environment to promote private sector development and job creation. The publication of the action plan for the implementation of the recommendations of the governance diagnostic report as a prior action for this review was an important milestone. Adopting strong climate-related policies including through a possible RSF arrangement will be essential to build The Gambia’s resilience to climate risks.” 

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Julie Ziegler

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    MIL OSI Economics

  • MIL-OSI Security: Defense News: Navy Relieves Reserve Center Shreveport Commanding Officer

    Source: United States Navy

    Lt. Cmdr. Adam Sandifer was relieved of his duties as NRC Shreveport’s commanding officer by Rear Adm. Michael Steffen, the commander of Navy Reserve Forces Command.

    The Navy maintains the highest standards for commanding officers and holds them accountable when those standards are not met.

    Lt. Cmdr. John Perez has been temporarily assigned as NRC Shreveport’s commanding officer. Sandifer has been temporarily reassigned to Navy Personnel Command. He assumed command of NRC Shreveport in March 2024.

    For questions related to this release, contact Cmdr. Robert Myers, Commander, Navy Reserve Forces Public Affairs at CNRF_PAO@us.navy.mil.

    MIL Security OSI

  • MIL-OSI Russia: The Gambia: IMF Executive Board Completes the Second Review Under the Extended Credit Facility

    Source: IMF – News in Russian

    December 20, 2024

    • The IMF Executive Board completed today the second review under The Gambia’s Extended Credit Facility (ECF) arrangement, enabling the immediate disbursement of about US$10.8 million to help meet financing needs and bolster inclusive, sustainable growth.
    • Economic recovery is strengthening, and inflation is gradually decreasing, although the pace remains slow. The country remains vulnerable to global shocks.
    • Program performance has been affected by fiscal pressures and delays in reform implementation, but the authorities remain committed to overall program targets. Steadfast implementation of the policy and reform agenda will be essential to safeguard macroeconomic gains and debt sustainability.

    Washington, DCDecember 20, 2024: The Executive Board of the International Monetary Fund (IMF) completed today the second review under The Gambia’s Extended Credit Facility (ECF) arrangement, approved by the IMF Executive Board on January 12, 2024, in the amount of SDR74.64 million (about US$97.3 million). The completion of the review allows for the immediate disbursement of SDR 8.29 million (about US$10.8 million), bringing total disbursements under the arrangement to about SDR 24.87 million (US$32.4 million).

    The economic recovery in The Gambia is strengthening. Real GDP growth is expected to reach 5.8 percent in 2024, supported by a broad-based rebound in economic activity. In particular, tourist arrivals are recovering and nearing pre-pandemic levels, while remittance inflows remain strong. Headline inflation has decreased significantly from a peak of 18.5 percent in September 2023, although energy prices led to a small uptick in inflation to 10 percent in October 2024.

    While the authorities remain committed to the objectives set out in the program and revenue collection has been strong, spending pressures from the Organization of Islamic Cooperation (OIC) Summit and emergency support to the public utility company NAWEC have weighed on fiscal balances. The new foreign exchange policy is working well, and international reserves exceeded targets by the end of September.  

    Based on the strength of the macroeconomic program, growth is projected at 5.9 percent in 2025 and around 5 percent in the medium term, though risks remain from global conflicts, commodity price shocks, and fluctuations in tourism and remittance flows. Steadfast implementation of the policy and reform agenda will be essential to safeguard macroeconomic gains and debt sustainability.

    Following the Executive Board’s discussion, Deputy Managing Director Bo Li issued the following statement:

    “The Gambia’s economic recovery is strengthening while inflation has trended down. Program implementation was mixed, reflecting broadly satisfactory adherence to quantitative performance criteria and indicative targets but delays in implementing structural benchmarks. The authorities remain committed to their reform agenda, despite global economic headwinds. 

    “Continued commitment to fiscal consolidation is critical to reduce fiscal risks and preserve debt sustainability. Finalizing and implementing the Domestic Revenue Mobilization Strategy will help secure consolidation gains and lower reliance on costly domestic and external financing. Improving the structure of expenditures will help maintain social services and space for growth-enhancing capital expenditures. Strengthening public financial management, including by preventing domestic arrears accumulation, and improving the performance of state-owned enterprises will help contain fiscal risks. To reduce debt vulnerabilities, it is crucial to adhere to the agreed fiscal targets, focus on grants and concessional loans, limit fiscal risks from PPPs, and implement a strong medium-term fiscal framework.

    “The Central Bank of The Gambia has appropriately maintained its tight monetary policy stance and is encouraged to remain vigilant and data dependent to ensure that inflation converges to the central bank’s medium-term target. The foreign exchange market has performed well following the introduction of the new foreign exchange policy. Going forward, the central bank is encouraged to continue pursuing an exchange rate that fully reflects market forces. The central bank’s commitment to cease financial support to public entities is welcome to prevent risks to its balance sheet.

    “Progress with structural reforms will be essential, including to enhance governance and further improve the business environment to promote private sector development and job creation. The publication of the action plan for the implementation of the recommendations of the governance diagnostic report as a prior action for this review was an important milestone. Adopting strong climate-related policies including through a possible RSF arrangement will be essential to build The Gambia’s resilience to climate risks.” 

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Julie Ziegler

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/12/20/pr24496-gambia-imf-executive-board-completes-2nd-review-under-ecf

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI USA: Governor Parson Grants 16 Pardons, Approves Nine Commutations

    Source: US State of Missouri

    DECEMBER 20, 2024

     — Closing out the final pending clemency petitions of his administration, Governor Mike Parson today granted 16 pardons and approved nine commutations pursuant to Article IV, Section 7 of the Constitution of the State of Missouri. Official documents have been filed with the appropriate government agencies and have been sent to the individuals.

    In addition to granting 16 pardons and nine commutations, Governor Parson denied 23 clemency petitions. The Governor’s Office now effectively holds zero pending clemency petitions. When Governor Parson was sworn into office, he inherited a clemency backlog of more than 3,500 and received hundreds more since. In total, he has taken action on nearly 4,000 clemency petitions. Governor Parson prioritized providing individuals an answer, whether approved or denied.

     

    MIL OSI USA News

  • MIL-OSI Security: Two New Haven Men Found Guilty of Fentanyl Trafficking Offenses

    Source: Office of United States Attorneys

    Vanessa Roberts Avery, United States Attorney for the District of Connecticut, today announced that a jury in Bridgeport federal court has found LUIS SALAMAN, also known as “Bebe,” 42, and JESUS SEGUINOT, also known as “Chuchi,” 34, guilty of fentanyl trafficking offenses.  A trial before U.S. District Judge Stefan R. Underhill began on December 9 and the jury returned guilty verdicts on multiple counts of a superseding indictment late yesterday afternoon.

    According to the evidence presented during the trial, in October 2021, the FBI’s Safe Streets Task Force learned that Salaman was distributing large quantities of narcotics throughout New Haven.  The investigation revealed that Salaman worked with Seguinot and others to distribute fentanyl.  Between November 2021 and March 2022, investigators made multiple controlled purchases of distribution quantities of fentanyl from Salaman, Seguinot, and their associates.

    The jury found Salaman and Seguinot guilty of conspiracy to distribute 40 grams or more of fentanyl, and Salaman guilty of three counts of possession with intent to distribute, and distribution of, 40 grams or more of fentanyl.  The jury found Salaman not guilty of four counts, and Seguinot not guilty of one count, of possession with intent to distribute, and distribution of, 40 grams or more of fentanyl.

    At sentencing, which is scheduled for March 13, Salaman faces a term of imprisonment of at least 10 years, and Seguinot faces a term of imprisonment of at least five years.  Salaman faces enhanced penalties because of a prior conviction for a serious violent felony.

    Salaman has been detained since his arrest on April 5, 2022.  Seguinot was arrested on April 10, 2023, and is released on a $100,000 bond.

    This investigation has been conducted by FBI’s Safe Streets Task Force, which includes members from the FBI, the Connecticut State Police, the Connecticut Department of Correction, and the New Haven, Milford, East Haven, West Haven, and Wallingford Police Departments.  The case is being prosecuted by Assistant U.S. Attorneys Robert S. Ruff and David T. Huang.

    MIL Security OSI

  • MIL-OSI Security: Twin Drug Traffickers Each Receive Life Sentences

    Source: Office of United States Attorneys

    Just 12 months after an Amarillo methamphetamine trafficker received a life sentence, his twin brother was sentenced to life in prison for similar crimes, announced U.S. Attorney for the Northern District of Texas Leigha Simonton. 

    Landis Charles Barrow, 46, was charged in February 2023. After a six-day trial, a jury convicted Mr. Barrow of one count of conspiracy to distribute controlled substances, three counts of distribution of methamphetamine, one count of possession of intent to distribute methamphetamine, one count of possession with intent to distribute cocaine, and one count of possession of a firearm in furtherance of a drug trafficking crime in August. Landis Barrow was sentenced Thursday by U.S. District Judge Matthew J. Kacsmaryk. 

    His twin brother, Mandis Barrow, was convicted at a separate trial of one count of conspiracy to distribute methamphetamine, one count of distribution methamphetamine, and one count of possession with intent to distribute methamphetamine. He was sentenced in January by the same judge. 

    According to evidence presented at Landis’ trial, Landis sold, or facilitated the sale, of large quantities of methamphetamine to a confidential source on three occasions in late 2022.  

    During a February 2023 search of Landis’ residence, DEA agents discovered pound quantities of methamphetamine, two large baggies of cocaine, drug scales and paraphernalia, $7,000 in cash, a firearm, and a drug ledger with Landis’ name written in it.  During a call made from the Randall County Detention Center, he admitted to being part of a criminal organization. 

    During his trial testimony, Landis admitted to distributing approximately 1,000 kilograms (2,200 pounds) of controlled substances for a Mexican Cartel.  Landis admitted to running a “crew” of individuals, and that he was a “gangster.”  Landis admitted to carrying a firearm with him at all times.   

    Court documents and trial testimony reflect that Landis Barrow is a suspect in a murder investigation involving his alleged retaliation for the theft of a large quantity of drugs and money that occurred in November 2022 at second residence associated with him.   

    During the sentencing hearing, Judge Kacsmaryk ruled that Landis had, in fact, made credible threats of violence to shoot or harm people he believed were involved in the robbery.  Judge Kacsmaryk further found that Landis had perjured himself during his trial testimony.  

    The Drug Enforcement Administration’s Dallas Field Division – Amarillo Resident Agency conducted the investigation with the assistance of the Potter County Sheriff’s Office, the Randall County Sheriff’s Office, the Amarillo Police Department, and the Texas Department of Public Safety. Assistant U.S. Attorneys Anna Marie Bell and Sean Long prosecuted the case.

    MIL Security OSI

  • MIL-OSI Security: U.S. Army’s First Corps leverages total Army, joint force approach to mission success

    Source: United States INDO PACIFIC COMMAND

    America’s First Corps serves as the U.S. Army’s primary executor of Operation Pathways working with Allies and partners across a vast Indo-Pacific driving readiness in this complex region.

    As a campaigning initiative, Operation Pathways reflects the U.S. Army’s broader objective of ensuring a free and open Indo-Pacific.

    Each year, Pathways can result anywhere from 30-40 major exercises spanning across more than 10 countries working in various training locations, environments and time zones.

    Due to the demands and requirements to accomplish mission success, the Joint Base Lewis-McChord-based command calls upon the U.S. Army Reserve and National Guard respectively to support such a vital mission with national security implications.

    Most recently, this level of integration was on full display during Yama Sakura 87, the trilateral scenario-driven command post exercise held each year in Japan.

    U.S. Army Reserve units across the world were brought together to support, sustain and protect elements across Japan during the concurrent Yama Sakura 87 and Warfighter 25-02 exercise, elevating the combined joint effort with their partners in First Corps and across Allied forces in the Australian Army and Japan Ground Self Defense-Force.

    First Corps understands the importance and value the Army’s Reserve and National Guard components offer to increase capacity and capabilities to Pathways exercises like Yama Sakura, and they depend on the unique skill sets these formations and Soldiers bring to the table.

    “We have five mission support commands just supporting America’s First Corps for this mission,” said U.S. Army Sgt. Maj. Carol Balderas, the Army Reserve Affairs Senior Enlisted Advisor at First Corps. “Of that, there are upwards of 324, plus or minus, that are participating in this Operation Pathways exercise.”

    Sgt. Maj. Balderas continued, stating this number represents U.S. Army Reserve Soldiers assigned from the 200th Military Police Command, Army Reserve Civil Affairs personnel, U.S. Army Civil Affairs and Psychological Operations Command, as well as several Main Command Post-Operational Detachments brought to improve logistics, operations and communication with interpreters working with Japanese counterparts.

    “Being able to integrate the COMPO 3, the Army Reserve Soldiers, into Pathways allows the Soldiers to apply those critical thinking skills firsthand with their Active Component counterparts and they learn from them,” stated Balderas.

    One of these Soldiers, Sgt. 1st Class Naohau Tsuboi, who serves as an interpreter assigned to the U.S. Army Reserve’s 9th Mission Support Command Japan Detachment, was a vital part of mission success helping coordinate efforts between key players and functions in the exercise by translating briefs, meetings and documents.

    “I was born and raised in Japan, so I understand the Japanese culture,” said Tsuboi. “But I spent a long time in the states of course, and now I’m an American citizen so I understand the American culture as well.”

    Tsuboi reflected how his experiences across both walks of life improved coordination and planning functions in the face of language barriers, and helped facilitate cultural exchanges between each nation’s forces.

    “I’m always excited to talk about the mutual cooperation, the mutual understanding,” said Tsuboi. “Especially, I’m excited that I can help them [U.S. and Japanese] service members understand each other – that’s the biggest part I enjoy.”

    It is not just the U.S. Army components that employed these reserve forces to support Yama Sakura. Military reservists from the U.S. Navy were brought out to help coordinate efforts to make the training as realistic as possible.

    U.S. Navy Cmdr. Andrew Thornburg, a reserve anti-submarine officer with 7th Fleet, acted as a liaison officer during the exercises, working with components across the Japan Ministry of Defense, Australian Defence Force, and U.S. personnel, to contextualize the realities of coordination in large-scale operations in the Indo-Pacific during the exercise.

    “We brought people with expertise in sustainment, we brought people with expertise in surface operations,” Thornburg said. “Several of us are submarine experts and know maritime planning. Of course, we have the air component as well, so we brought some pilots out. They were extremely helpful.”

    For several of these reservists, Yama Sakura 87 and Warfighter 25-02 provided the first opportunity for them to serve beyond the United States’ border bringing a unique experience to their Army experience and personal fulfillment.

    For U.S. Army Spc. Alvin Corado, a military policeman assigned to U.S. Army Reserve’s 396th Military Police Detachment, based in Denver, Colo., this was a unique opportunity to support efforts at Camp Asaka, Japan.

    “This is my first time being out [of] the country,” Corado said. “Working with different countries and how they establish their work has been an amazing experience.”

    Corado’s patrol partner, Spc. Cole Schuymanski, share similar sentiments when speaking about his experiences during the exercise.

    “The best part is just getting to work with our Japanese and Australian Allies,” reflected Schuymanski. “Getting to work with our policing, getting to work with our dialog, seeing the differences on their methods.”

    MIL Security OSI

  • MIL-OSI Security: Premier US military CBRNE command improves interoperability at Yama Sakura

    Source: United States INDO PACIFIC COMMAND

    American Soldiers and Army civilians from the U.S. military’s premier Chemical, Biological, Radiological, Nuclear, Explosives (CBRNE) Command participated in Exercise Yama Sakura from Japan and Joint Base Lewis McChord, Washington.

    Highly specialized units from the 20th CBRNE Command took part in the 44th iteration of trilateral exercise that brought together forces from the Japan Ground Self-Defense Force, the Australian Defence Force and the U.S. Army in Japan, Dec. 7 – 15.

    The 3rd Ordnance Battalion (Explosive Ordnance Disposal), 71st Ordnance Group (EOD) and 20th CBRNE Command supported Exercise Yama Sakura, which means “Mountain Cherry Blossoms” in Japanese.

    Soldiers and Army civilians from the 20th CBRNE Command deploy from 19 bases in 16 states to confront and defeat the world’s most dangerous hazards in support of joint, interagency and multinational operations.

    Headquartered on Aberdeen Proving Ground, Maryland, in Northeast Maryland’s science, technology and security corridor, the 20th CBRNE Command is home to 75 percent of the U.S. Army’s active-duty Chemical, Biological, Radiological, Nuclear (CBRN) specialists and Explosive Ordnance Disposal (EOD) technicians, as well as the 1st Global Field Medical Laboratory, CBRNE Analytical and Remediation Activity, Weapons of Mass Destruction Coordination Teams and Nuclear Disablement Teams (Infrastructure).

    Exercise Yama Sakura is designed to increase joint force lethality, enhance procedural and technical interoperability, and strengthen alliances and partnerships, while focusing on collaboration across multi-domain and cross-domain operations.

    U.S. Army Pacific, Japan Ground Self Defense Force, Ground Component Command, I Corps, Western Army, 11th Airborne Division, Australian 1st Division, Eastern Army, 7th Infantry and U.S. Army Japan took part in the exercise.

    The 20th CBRNE Command supports military operations overseas and civil authorities at home.

    The multifunctional and deployable 20th CBRNE Command also routinely works to strengthen allies around the world.

    Brig. Gen. W Bochat, the commanding general of 20th CBRNE Command, visited Japan during the exercise.

    “This exercise was an excellent opportunity to build readiness and focus on training with a valuable ally to our nation. The goal is to strengthen our collective defensive posture and improve our interoperability in the Indo-Pacific theater,” said Bochat, a career U.S. Army Chemical Corps officer who speaks Japanese fluently.

    MIL Security OSI

  • MIL-OSI Security: Former Maury County, Tennessee, Corrections Officer Sentenced for Obstructing Civil Rights Investigation

    Source: United States Attorneys General 2

    A former corrections officer of the Maury County, Tennessee, Jail was sentenced yesterday in federal court in Nashville, Tennessee, to 60 months in prison and two years of supervised release.

    James Stewart Justice was previously convicted of falsifying a record in a federal civil rights investigation for a report he wrote in response to allegations that he had sexually abused an inmate in his custody.   

    “Everyone who serves in law enforcement knows of their duty of candor,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division. “That duty of candor is at its highest when responding to serious allegations such as the sexual abuse of an inmate in the officer’s care. The Civil Rights Division will continue to vigorously prosecute officers who disregard that duty and obstruct federal civil rights investigations.”

    “When he authority that corrections officers are given is abused, it’s not just the civil rights of prison inmates that are threatened, but the public’s trust,” said Special Agent in Charge Joe Carrico of the FBI Nashville Field Office. “This sentencing should be a reminder that the FBI will vigorously investigate these kinds of cases and bring to justice any law enforcement officer who violates the constitution and trust of the people.”

    According to court documents, Justice, formerly known as James Stewart Thomas, wrote an official report for the Maury County Jail in response to allegations that he sexually abused an inmate he guarded in a hospital room while the inmate recovered from major surgery. In his report, the defendant 1) falsely claimed that he had reported to two Maury County Jail supervisors that an inmate had made sexual advances toward him while the inmate was in his custody at the hospital; 2) falsely claimed that those two Maury County Jail supervisors both advised him not to write a report about those alleged sexual advances by the inmate; and 3) omitted a claim he later made to criminal investigators that he had a sexual relationship with the inmate after the inmate’s release from custody.

    The FBI Nashville Field Office investigated the case.

    Assistant U.S. Attorney Nani Gilkerson for the Middle District of Tennessee and Trial Attorney Kyle Boynton of the Justice Department’s Civil Rights Division prosecuted the case.

    MIL Security OSI

  • MIL-OSI USA: Statement from Press Secretary Karine Jean-Pierre on the Proposed Legislation to Fund the  Government

    US Senate News:

    Source: The White House
    A government shutdown heading into the holidays would mean service members and air traffic controllers go to work without pay, essential government services for hardworking Americans would be paused, and economic disruption would occur. 
    Following an order by President-elect Trump, yesterday Republicans walked away from a bipartisan deal and threatened to shut down the government at the 11th hour in order to pave the way to provide tax breaks for billionaires. This revised legislation does not do that. 
    While it does not include everything we sought, it includes disaster relief that the President requested for the communities recovering from the storm, eliminates the accelerated pathway to a tax cut for billionaires, and would ensure that the government can continue to operate at full capacity. President Biden supports moving this legislation forward and ensuring that the vital services the government provides for hardworking Americans – from issuing Social Security checks to processing benefits for veterans — can continue as well as to grant assistance for communities that were impacted by devastating hurricanes.

    MIL OSI USA News

  • MIL-OSI USA: ERO New York City arrests previously removed unlawfully present Mexican citizen, sex offender

    Source: US Immigration and Customs Enforcement

    NEW YORK — U.S. Immigration and Customs Enforcement’s Enforcement and Removal Operations in New York City arrested unlawfully present Mexican citizen Jose Hernandez Sachez, Dec. 19. Hernandez has convictions for third degree sexual abuse among other charges.

    Fugitive operations officers arrested the 42-year-old sexual predator outside a residence in Brooklyn. He is currently in ERO custody pending removal proceedings.

    “We will not tolerate predators taking advantage of public services such as the MTA to violate women and girls,” said ERO New York City Field Office Director Kenneth Genalo. “ERO officers will find these criminal noncitizens and seek their removal from the United States.”

    The U.S. Border Patrol arrested Hernandez following three separate attempts to unlawfully enter the U.S. near Nogales, Arizona, between Jan. 7 and Jan. 9, 2003. Hernandez voluntarily returned to Mexico on each occasion but later unlawfully entered the U.S. on an unknown date and location without admission by an immigration official.

    The New York Police Department arrested Hernandez Jan. 13, 2023, for third degree sexual abuse and other charges. The Queens County Criminal Court in Kew Gardens convicted Hernandez of those charges May 30. The victim in this case was a 15-year-old girl.

    Hernandez was arrested again on sex abuse charges by the NYPD Nov. 17, 2023. The Kings County Criminal Court in Brooklyn convicted him On June 12 on those charges and sentenced him to one year probation with conditional discharge and required him to register as a sex offender. The victim in this case was a 40-year-old woman.

    Noncitizens placed into removal proceedings receive their legal due process from federal immigration judges in the immigration courts, which are administered by the Executive Office for Immigration Review. The Executive Office for Immigration Review is an agency within the U.S. Department of Justice and is separate from the Department of Homeland Security and U.S. Immigration and Customs Enforcement. Immigration judges in these courts make decisions based on the merits of each individual case. ERO officers carry out the removal decisions made by the federal immigration judges.

    ERO is one of ICE’s three operational directorates and is the principal federal law enforcement authority in charge of domestic immigration enforcement. ERO’s mission is to protect the homeland through the arrest and removal of those who undermine the safety of U.S. communities and the integrity of U.S. immigration laws, and its primary areas of focus are interior enforcement operations, management of the agency’s detained and non-detained populations, and repatriation of noncitizens who have received final orders of removal.

    Members of the public can report crimes and suspicious activity by dialing 866-347-2423 or completing ICE’s online tip form.

    Learn more about ERO New York’s mission to preserve public safety on Twitter @ERONewYork.

    MIL OSI USA News

  • MIL-OSI USA: Lidl Recalls Taste of Deutschland Buttered Vegetables Due to Undeclared Milk Allergens

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    FDA Publish Date:
    Product Type:
    Food & Beverages
    Vegetable Products
    Allergens
    Reason for Announcement:

    Recall Reason Description

    Undeclared milk

    Company Name:
    Lidl US
    Brand Name:

    Brand Name(s)

    Taste of Deutschland

    Product Description:

    Product Description

    Frozen Buttered Vegetables, Carrots, Peas, Cauliflower, & Corn


    Company Announcement

    ARLINGTON, VA – DECEMBER 20, 2024 – Lidl US is recalling all lots of their Taste of Deutschland Buttered Vegetables 10.5 oz box UPC 4 056489 122876 due to undeclared milk allergen. The recall was issued due to undeclared milk in the products. People who have allergies to milk run the risk of serious or life-threatening allergic reactions if they consume these products.

    Lidl US has received no reports or complaints of illness related to this product to date.

    The recall was initiated after it was discovered by the FDA during an inspection that the labels did not list the allergen milk in the ingredient statement.

    The products were distributed between 10/21/2023 – 12/19/2024. The product was distributed to all Lidl US store locations in Delaware, District of Columbia, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, and Virginia.

    If customers have purchased this product, they should not consume it and immediately return it to their nearest Lidl store for a full refund (a receipt is not required for return). Customers who have questions about this voluntary recall should call the Lidl US Customer Care Hotline at (844)-747-5435 8 am-8 pm ET, Monday-Saturday.

    The health and safety of our customers is our top priority. Lidl US regrets any inconvenience related to this voluntary recall. Our Quality Assurance Department is constantly working to ensure that all products on our shelves meet the high-quality standards that we would expect when feeding our own families. We are grateful for all our Lidl US customers who choose to shop with us every day.


    Company Contact Information

    Consumers:
    Lidl US Customer Care Hotline
    (844)-747-5435

    Product Photos

    MIL OSI USA News

  • MIL-OSI: Pathwizz Redefines Trust in Digital Transactions with Award-Winning Support and Verified Platforms ‘Wizz Support’

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UK, Dec. 20, 2024 (GLOBE NEWSWIRE) — Pathwizz launched Wizz Support which set a new standard for guiding internet shoppers from advertisements to reliable products and services by focusing on secure account activation, platform verification, and exceptional customer service. Since its founding in 2020, Pathwizz has been the trusted middleman helping businesses and buyers connect seamlessly.

    Whether helping clients open accounts or ensuring they connect with trusted platforms, Wizz Support eliminates the guesswork, allowing users to focus on what matters: growing their businesses and accessing quality services. For more information visit their website: https://pathwizz.com/support

    Connecting Buyers Across Every Industry

    Wizz Support serves clients from diverse industries—including finance, AI, education, and e-commerce—matching them with verified, trustworthy platforms. Every vendor Wizz Support works with undergoes an extensive verification process, ensuring reliability and eliminating the risks of online fraud.

    This level of diligence provides peace of mind to customers, businesses, and advertisers alike. By acting as the bridge between buyers and trusted companies, Pathwizz creates secure, efficient pathways for account setup and activation, saving time and preventing potential headaches.

    “Our role is to ensure every client connects with a platform they can trust, ” says Yan W, the New-Accounts department manager. “Whether it’s activating accounts, opening accounts, or onboarding services, we verify each vendor to create a seamless, fraud-free experience for our clients. “

    Award-Winning Support That Goes the Extra Mile

    What truly sets Wizz Support apart is its award-winning support team. Known for their professionalism and dedication, the support team assists clients with everything from account onboarding to technical troubleshooting. Their focus is on making each interaction as smooth and stress-free as possible.

    “Our team works with clients every step of the way, ” shares a company spokesperson. “Whether someone is trying to activate their account or encountering a minor issue, we’re there to ensure the process is simple, fast, and reliable. It’s that personal touch that has earned us the trust of businesses and customers worldwide. “

    Built on Trust, Committed to Excellence

    Over the years, Wizz Support has built a reputation for transparency and reliability. By providing secure account services and serving as a middleman that rigorously verifies platforms, Pathwizz has become the go-to solution for businesses looking to connect with customers and shoppers who value safety in online transactions.

    The company’s focus on fraud prevention and quality control gives clients the confidence to take the next step, whether that’s activating their account or exploring new opportunities online.

    Looking Ahead: A Future Built on Innovation and Trust

    As the digital landscape continues to evolve, Wizz Support remains committed to innovation and excellence. The company’s vision is to further expand its services, ensuring that businesses and buyers continue to benefit from trustworthy connections and seamless processes.

    From account activation to platform verification, Pathwizz has become synonymous with trust and reliability. Whether you’re a business looking for new opportunities or a shopper seeking peace of mind, Pathwizz is here to guide you every step of the way.

    Wizz Support: Trusted connections. Seamless onboarding. Exceptional support.

    Media Contact

    Company: Pathwizz

    Contact: Yan Wizz | Dato Wizz

    Email: Office@pathwizz.com

    Website: https://pathwizz.com/support

    SOURCE: Pathwizz

    The MIL Network

  • MIL-OSI USA: Justice Department Sues State of Louisiana for Incarcerating People Beyond Their Release Dates

    Source: US State of Vermont

    The Justice Department filed a federal lawsuit today against the State of Louisiana and Louisiana Department of Public Safety and Corrections (LDOC) alleging that the state and LDOC maintain a pattern or practice of confining incarcerated people for weeks and months after they have fully completed their prison sentences and are legally entitled to be released, in violation of the 14th Amendment.

    “Every person in the United States, whether incarcerated or otherwise, enjoys certain fundamental rights,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division. “Foremost among them is the right to individual liberty. The Founders were keenly aware of the potential abuse of power when government can arbitrarily take away a person’s freedom without a lawful court order specifying the period of their confinement. In this context, the right to individual liberty includes the right to be released from incarceration on time after the term set by the court has ended. To incarcerate people indefinitely, as LDOC does here, not only intrudes on individual liberty, but also erodes public confidence in the fair and just application of our laws. The Justice Department looks forward to proving its case in court.”

    The lawsuit is the result of a multi-year investigation into allegations of systemic overdetention in LDOC’s system conducted by the department’s Civil Rights Division and U.S. Attorneys’ Offices for the Middle, Eastern and Western Districts of Louisiana.

    As required by the Civil Rights of Institutionalized Persons Act (CRIPA), the department provided the state with written notice of the supporting facts for these alleged conditions, and the minimum remedial measures necessary to address them in a report issued on Jan. 25, 2023.  CRIPA authorizes the department to act when it has reasonable cause to believe there is a pattern or practice of deprivation of constitutional rights of individuals confined to correctional facilities operated by or on behalf of state or local government.

    Today’s lawsuit seeks injunctive relief to remedy deficient conditions identified by the department’s investigation. The lawsuit does not seek monetary damages. While the State has made marginal efforts to address the systemic deficiencies leading to overdetention, these steps are inadequate to address the deficiencies, which are longstanding and well-known to the State. 

    The Civil Rights Division’s Special Litigation Section and U.S. Attorneys’ Offices for the Middle, Eastern and Western Districts of Louisiana are handling the case. Individuals with relevant information are encouraged to contact the department by phone at 1-833-492-0097 or by email at community.louisianadoc@usdoj.gov.

    For more information about the Civil Rights Division and the Special Litigation Section, please visit www.justice.gov/crt/special-litigation-section. Additional information about the Eastern, Middle and Western U.S. Attorneys’ Offices is available at www.justice.gov/usao-edla, www.justice.gov/usao-mdla and www.justice.gov/usao-wdla. 

    MIL OSI USA News

  • MIL-OSI USA: Former Maury County, Tennessee, Corrections Officer Sentenced for Obstructing Civil Rights Investigation

    Source: US State of Vermont

    A former corrections officer of the Maury County, Tennessee, Jail was sentenced yesterday in federal court in Nashville, Tennessee, to 60 months in prison and two years of supervised release.

    James Stewart Justice was previously convicted of falsifying a record in a federal civil rights investigation for a report he wrote in response to allegations that he had sexually abused an inmate in his custody.   

    “Everyone who serves in law enforcement knows of their duty of candor,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division. “That duty of candor is at its highest when responding to serious allegations such as the sexual abuse of an inmate in the officer’s care. The Civil Rights Division will continue to vigorously prosecute officers who disregard that duty and obstruct federal civil rights investigations.”

    “When he authority that corrections officers are given is abused, it’s not just the civil rights of prison inmates that are threatened, but the public’s trust,” said Special Agent in Charge Joe Carrico of the FBI Nashville Field Office. “This sentencing should be a reminder that the FBI will vigorously investigate these kinds of cases and bring to justice any law enforcement officer who violates the constitution and trust of the people.”

    According to court documents, Justice, formerly known as James Stewart Thomas, wrote an official report for the Maury County Jail in response to allegations that he sexually abused an inmate he guarded in a hospital room while the inmate recovered from major surgery. In his report, the defendant 1) falsely claimed that he had reported to two Maury County Jail supervisors that an inmate had made sexual advances toward him while the inmate was in his custody at the hospital; 2) falsely claimed that those two Maury County Jail supervisors both advised him not to write a report about those alleged sexual advances by the inmate; and 3) omitted a claim he later made to criminal investigators that he had a sexual relationship with the inmate after the inmate’s release from custody.

    The FBI Nashville Field Office investigated the case.

    Assistant U.S. Attorney Nani Gilkerson for the Middle District of Tennessee and Trial Attorney Kyle Boynton of the Justice Department’s Civil Rights Division prosecuted the case.

    MIL OSI USA News

  • MIL-OSI Security: Justice Department Sues State of Louisiana for Incarcerating People Beyond Their Release Dates

    Source: United States Attorneys General 12

    The Justice Department filed a federal lawsuit today against the State of Louisiana and Louisiana Department of Public Safety and Corrections (LDOC) alleging that the state and LDOC maintain a pattern or practice of confining incarcerated people for weeks and months after they have fully completed their prison sentences and are legally entitled to be released, in violation of the 14th Amendment.

    “Every person in the United States, whether incarcerated or otherwise, enjoys certain fundamental rights,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division. “Foremost among them is the right to individual liberty. The Founders were keenly aware of the potential abuse of power when government can arbitrarily take away a person’s freedom without a lawful court order specifying the period of their confinement. In this context, the right to individual liberty includes the right to be released from incarceration on time after the term set by the court has ended. To incarcerate people indefinitely, as LDOC does here, not only intrudes on individual liberty, but also erodes public confidence in the fair and just application of our laws. The Justice Department looks forward to proving its case in court.”

    The lawsuit is the result of a multi-year investigation into allegations of systemic overdetention in LDOC’s system conducted by the department’s Civil Rights Division and U.S. Attorneys’ Offices for the Middle, Eastern and Western Districts of Louisiana.

    As required by the Civil Rights of Institutionalized Persons Act (CRIPA), the department provided the state with written notice of the supporting facts for these alleged conditions, and the minimum remedial measures necessary to address them in a report issued on Jan. 25, 2023.  CRIPA authorizes the department to act when it has reasonable cause to believe there is a pattern or practice of deprivation of constitutional rights of individuals confined to correctional facilities operated by or on behalf of state or local government.

    Today’s lawsuit seeks injunctive relief to remedy deficient conditions identified by the department’s investigation. The lawsuit does not seek monetary damages. While the State has made marginal efforts to address the systemic deficiencies leading to overdetention, these steps are inadequate to address the deficiencies, which are longstanding and well-known to the State. 

    The Civil Rights Division’s Special Litigation Section and U.S. Attorneys’ Offices for the Middle, Eastern and Western Districts of Louisiana are handling the case. Individuals with relevant information are encouraged to contact the department by phone at 1-833-492-0097 or by email at community.louisianadoc@usdoj.gov.

    For more information about the Civil Rights Division and the Special Litigation Section, please visit www.justice.gov/crt/special-litigation-section. Additional information about the Eastern, Middle and Western U.S. Attorneys’ Offices is available at www.justice.gov/usao-edlawww.justice.gov/usao-mdla and www.justice.gov/usao-wdla

    MIL Security OSI

  • MIL-OSI United Kingdom: Complete ban on bee killing pesticides moves forward

    Source: United Kingdom – Executive Government & Departments 2

    • Government sets out plans to end the use of toxic neonicotinoid pesticides that threaten vital pollinators

    A bee on a purple flower

    • Important step forward in delivering on election commitment to safeguarding bees, butterflies and the wider environment  

    A complete ban on use of bee-killing neonicotinoid pesticides has moved a step closer today (Saturday 21 December), as the government sets out its plans to deliver a key election pledge.   

    Despite being banned from general use in the UK, the last government authorised the use of neonicotinoids every year for the last four years in England via a process known as emergency authorisation.     

    Neonicotinoids are extremely toxic to pollinators. Even at doses that are not directly fatal to bees they can cause cognitive problems impacting foraging abilities and the productivity of hives. The chemicals can also persist in the soil creating a further risk to bees.  

    Bees and other pollinators are crucial to the agricultural economy with the economic benefits of pollination to crop production in the UK estimated at £500 million annually.  

    The Government has set out its next steps, including identifying legislative options that would legally prevent the future use of three specific neonicotinoids – clothianidin, imidacloprid and thiamethoxam – entirely, taking full account of the importance of pollinators. 

    Environment Minister Emma Hardy said:    

    “We are delivering on our promise to ban toxic bee-killing pesticides and ending the long-term decline of our wildlife.  

    “A healthy environment is vital to our food and economic security. Protecting bees by stopping the use of damaging neonicotinoids is an important step in supporting the long-term health of our environment and waterways, and our farming sector.”     

    The move comes ahead of the publication of a new UK National Action Plan (NAP), which will set how pesticides can be used sustainably.  

    Ensuring that our food production is sustainable is key to the long-term health of the agricultural sector, as well as the nation’s food security. The Government’s Plan for Change is built on the strong foundation of a stable economy.  

    The Government commitment to farmers remains steadfast and we are fully committed to supporting farmers to protect their crops in more sustainable ways. There has already been progress in this space, including research into new virus-resistant varieties of sugar beet and new alternative pesticide sprays, and we will continue to support this work. 

    The announcement today builds on the swift action the Government has taken to recover nature more widely. This includes committing to a rapid review of the Environmental Improvement Plan and new delivery plans to meet targets on air quality, the circular economy and water. In the first few months of this government, legislation was introduced to put failing water companies under special measures to curb pollution in our waterways and a Flood Resilience Taskforce was introduced to speed up the creation of nature-based solutions, like planting trees to protect communities against the impact of extreme weather.    

    NOTES TO EDITORS:   

    • The legal requirements for emergency authorisations have not changed today and any applications for 2025 will be considered under the law as it stands.   

    • The Neonicotinoids Policy Statement applies to England only.

    • The UK Government will look to work with the devolved governments to seek a shared and consistent way forward.   

    • £5 billion was set aside in the Budget for farming over two years, including the single biggest amount of money ever allocated for sustainable food production and nature recovery.

    • The full Neonicotinoids Policy Statement can be found here

    Updates to this page

    Published 21 December 2024

    MIL OSI United Kingdom