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  • MIL-OSI USA: SCHUMER: THIS IS IT! AFTER YEARS OF ADVOCACY, ALBANY NANOTECH SELECTED AS AMERICA’S FIRST NATIONAL SEMICONDUCTOR TECHNOLOGY CENTER – CREATED BY HIS CHIPS & SCIENCE LAW

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Schumer Lands A Whopping $825 Million Initial Federal Investment And Establishes Albany NanoTech As Fed Headquarters For Semiconductor Research; A Once In A Generation Recognition Making The Capital Region A Chip R&D Center For The Entire World

    Schumer Created NSTC Program — With Albany As His North Star — And Worked Relentlessly To Secure This Prestigious Investment, Bringing Good-Paying Jobs, New Companies, And Innovation With Most Advanced Machinery In World To Upstate NY

    Schumer: A Historic Moment. Uncle Sam Just Picked Upstate NY & The Capital Region As THE Place To Develop The Future Of America’s Chip Industry

    After years of relentless advocacy, U.S. Senate Majority Leader Chuck Schumer today announced Albany NanoTech has been selected as America’s first location for the National Semiconductor Technology Center (NSTC) supported by an up to $825 million federal investment from Schumer’s bipartisan CHIPS & Science Law.

    The NSTC is a critical part of Schumer’s and the Biden-Harris Administration’s mission of re-establishing America’s leadership in the semiconductor industry and will bring together industry leaders, researchers from the nation’s top universities, innovators, and entrepreneurs to help give them access to the most advanced chip making machinery in the world and drive the next frontier of innovation.

    “This is the dawn of a new day for Upstate NY and a turning point in U.S. leadership in semiconductor research. I am proud to announce America’s first major National Semiconductor Technology Center facility will be right here in Albany. This will help ensure advancements in semiconductors that will shape the next century are stamped ‘Made in America’ and not developed and made in places like China,” said Senator Schumer. “Today, Uncle Sam is saying that Albany NanoTech is THE place for developing the next frontier of America’s technological future. I wrote the NSTC in my CHIPS & Science Law with Albany NanoTech as my inspiration, and now that dream is becoming a reality. Today we help usher in America’s next era of chip research and manufacturing, with Upstate NY leading the way.”

    The Department of Commerce and Natcast, the operator of the NSTC, will invest an initial up to $825 million to further build out equipment at Albany NanoTech, to conduct cutting-edge extreme ultraviolet (EUV) research and development (R&D), and to establish an NSTC presence with offices and support services in Albany. Today’s announcement not only makes Albany NanoTech the CHIPS for America R&D flagship facility but also the headquarters for national EUV research as the country’s NSTC EUV Accelerator. EUV technology is essential to the semiconductor industry and some of the most advanced machinery in the world, in which light is used to print patterns and make chips on wafers. EUV lithography is what has allowed the breakthroughs to make this technology nanoscopic and allows for the chips that power everything from smartphones, computers, and vehicles to artificial intelligence. Albany NanoTech will soon be one of the only two public facilities in the world with the most advanced EUV technology, a High NA Extreme Ultraviolet Lithography tool, and will be the only publicly-owned High NA EUV Center in North America.

    Schumer continued, “The NSTC is a historic and new effort by the federal government to fuel the quest to make breakthroughs in chips that engineers today cannot even fathom, just as Albany NanoTech had produced before, including most recently with the development of the world’s first 2 nanometer chip. This $825 million initial federal investment will further equip Albany NanoTech and fund EUV research projects that are central to the global chip industry, ensuring the U.S. leads the world in semiconductor innovation and manufacturing, with the Capital Region and Upstate NY central to that effort.”

    Schumer explained that the state-of-the-art new EUV facility at Albany NanoTech and today’s designation and federal investment will help the United States establish dominance in advanced semiconductor research and development. The NSTC EUV Accelerator will help address gaps in American knowledge about semiconductors and provide information to stakeholders including universities, small businesses and entrepreneurs, large manufacturers, and government agencies by providing NSTC members with access to EUV technology to facilitate research and commercialization.

    The NSTC EUV Accelerator at Albany NanoTech will be a place for leaders in the semiconductor industry to conduct research and collaborate, including bringing industry leaders like Micron, IBM, GlobalFoundries, Applied Materials, Tokyo Electron, ASML, and more to the table to partner on next-generation R&D. Being designated the EUV accelerator will also open up opportunities for Albany NanoTech and Upstate NY to attract further federal investment and help attract more companies from around the world to Albany to conduct research, all with the potential of creating more good-paying jobs and making Upstate NY a global leader in semiconductors. The U.S. Department of Commerce and Natcast intend for the NSTC EUV Center at Albany NanoTech to be operational by 2025. 

    Schumer added, “Having the federal headquarters for EUV research that is critical to the most advanced chip development in the world will benefit every corner of NY. It will supercharge the historic investments and thousands of new, good-paying jobs the chip industry has proposed across the state, spurred by my CHIPS & Science Law. The NSTC will help complete my vision of Upstate NY’s I-90 corridor becoming America’s Semiconductor Superhighway. From our Tech Hub in Western NY and Rochester to Micron’s massive $100+ billion planned investment near Syracuse and Wolfspeed’s investment in the Mohawk Valley, to now the National Semiconductor Technology Center here in Albany.”

    The NSTC, first authorized by Schumer in 2020 and then funded by the CHIPS & Science Law, which Schumer crafted and led to passage, will bridge the gap between research and industry to bolster semiconductor research and development for the U.S. and its allies. Today, practically none of the most advanced chips – which are critical to national security and growing industries like artificial intelligence – are manufactured in the United States. The research conducted through the NSTC will help ensure the U.S. remains on the cutting-edge globally in chip R&D and bring this manufacturing back to the United States, boosting local economies by creating good-paying jobs and strengthening the country’s national security.

    The EUV Center at Albany NanoTech is the first of three planned major NSTC facilities. The U.S. Department of Commerce has not yet made announcements about the NSTC’s Administrative and Design Facility and Prototyping and NAPMP Advanced Packaging Piloting Facility. Together, these three major hubs will lead the NSTC’s core functions and help fulfill the CHIPS & Science Law’s vision of developing more American-made technology and boosting America as a global semiconductor leader. The new NSTC EUV Center at Albany NanoTech will also open the doors to millions of dollars in additional awards and research opportunities with the federal government, as well as help bring in additional industry partners to leverage the state-of-the-art facilities to develop and manufacture advanced chips.

    Schumer said, “In the past two years, the federal government has made unprecedented investments in Upstate NY because of my CHIPS & Science Law. They listened when I said this community is the most qualified in the nation to bring this industry back from overseas, the most ready to build America’s future, and the NSTC is the crown jewel that will complete this vision as the centerpiece of research in the most cutting-edge chip development.”

    “From day one of my administration, I pledged that New York State would lead the charge to bring back advanced manufacturing and R&D to the U.S., creating good jobs and opportunity in the process,” Governor Hochul said. “Thanks to the winning combination of federal CHIPS funding and New York’s determination and ingenuity, the Albany NanoTech Complex will be home to the CHIPS for America EUV Accelerator, an NSTC Facility, and fuel America’s advanced manufacturing renaissance. I thank the Biden-Harris Administration, the Department of Commerce, Natcast, and our federal delegation for their partnership as we continue to work together to advance U.S. semiconductor leadership, safeguard our national security and create a brighter future for all.”

    “Building up America’s domestic semiconductor industry is critical to create good-paying jobs, protect our supply chains, and strengthen our national security, and I’m proud to see New York leading this effort,” said Senator Gillibrand. “Upstate New York is already a hub for cutting-edge semiconductor manufacturing, research, and development, and the designation of NY CREATES’ Albany NanoTech Complex as the location of the CHIPS for America EUV Accelerator will help us maintain our status as a global leader in such a vital industry. I fought hard to pass the CHIPS and Science Act, and I’m proud to see this historic legislation bring scientific innovation and economic development to the Capital Region.”

    “Today is a monumental moment for our region, for job creation, for cutting-edge research, and for our 21st century precision economy,” Congressman Paul Tonko (NY-20) said. “In the years since Congress passed the CHIPS and Science Act, I have been relentlessly advocating alongside the many stakeholders who call NY CREATES home to leverage the shovel-ready infrastructure and advanced R&D capabilities right here at the Albany NanoTech Complex. Our region has long been poised to take the reins to steer America’s semiconductor revitalization and, thanks to the pioneering work and sound investment of New York leadership, local chip manufacturers, researchers, educational institutions, and other stakeholders, that reality is upon us. I’m thrilled to celebrate this groundbreaking announcement and remain as determined as ever to secure strong federal action that delivers for American workers, consumers, and communities.”

    NY CREATES’ President Dave Anderson said, “With a legacy spanning more than 20 years of technological achievements, NY CREATES and our industry partners have been central to establishing and growing New York’s — and the nation’s — semiconductor R&D ecosystem. This is an historic moment for New York and the semiconductor industry, and we look forward to working closely with Natcast to leverage our resources, capabilities, and know-how to bring this innovative vision to fruition. We are thrilled that the NSTC at NY CREATES will become an even greater beacon of opportunity and collaboration for our partners as we transform today’s ideas into tomorrow’s technologies. Together, we can shape the future and in doing so, bolster America’s economic and national security while cementing our position as a global leader. We are grateful to Governor Hochul, whose unwavering commitment to the industry has positioned NY CREATES to host the NSTC EUV Center, and to Majority Leader Schumer, who not only helped author and lead to passage the CHIPS & Science Act but also made the case for Albany NanoTech’s leadership of the NSTC, all of which makes today’s investment possible.”

    “Nearly 20 years ago, ASML shipped one of the world’s first EUV lithography demo tools to Albany, NY. The important role that New York has played in the industrialization of this critical technology is reflected in today’s announcement that the NSTC EUV Accelerator will be based at the Albany NanoTech Complex. The first chips made using High NA, ASML’s most advanced EUV tool, will power the technology of the future: robotics, artificial intelligence, the internet of things, and beyond. As we work with partners across the industry to push technology to new limits, we applaud Senator Schumer and Governor Hochul’s clear commitment to semiconductor innovation in the U.S.,” said Christophe Fouquet, President and CEO of ASML.

    “GF applauds the decision to base the NSTC EUV Accelerator in Albany, NY. Building on years of R&D, semiconductor leadership and ecosystem partnerships, this center will stimulate innovation and work to develop the talent our industry needs to continue to grow and succeed. Congratulations to NYCREATES and thank you to Senator Schumer and Governor Hochul for their enduring leadership and commitment to strengthening both the U.S. and NY semiconductor industry,” said Dr. Thomas Caulfield, president and CEO of GlobalFoundries.

    “We are thrilled that New York State has been selected as the home of our nation’s first NSTC EUV Center. For over 20 years, IBM and our public-private partners at NY CREATES’s Albany NanoTech Complex have produced many of the technical breakthroughs that have propelled the semiconductor industry forward. Thanks to Sec. Raimondo, Gov. Hochul, Sen. Schumer, and many others, the new Center in Albany will support the United States’ mission to lead global chip innovation,” said Arvind Krishna, Chairman and CEO of IBM.

    “The compelling factors for Micron in choosing New York as home to our megafab are the rich ecosystem in support of research and development, synergistic university partnerships, an exceptional talent pipeline, and strong public support, which fosters an environment to grow semiconductor R&D in the U.S.  Micron is pleased to see that the U.S. Department of Commerce has awarded the NY CREATES Albany NanoTech Center the designation of being named the NSTC’s EUV Accelerator. Thanks to the leadership of Majority Leader Schumer and Governor Hochul, we will be able to scale our memory technology leadership and advance next-generation semiconductor R&D,” said Scott DeBoer, Micron’s Executive Vice President, Chief Technology and Products Officer.

    “The announcement of the National Semiconductor Technology Center here in New York State is a monumental step forward, not only for Wolfspeed but for the entire U.S. semiconductor industry. This Center will become a cornerstone of innovation, helping drive the research, development, and workforce training critical to meeting the world’s surging demand for advanced semiconductor technology. Thanks to Senator Schumer’s visionary leadership, New York State is now positioned at the forefront of this vital industry, advancing our nation’s technological independence and reinforcing its global leadership,” said Gregg Lowe, CEO of Wolfspeed.

    THIS HAS BEEN A YEARS-LONG EFFORT BY SCHUMER TO LAND THE NSTC IN THE CAPITAL REGION

    Schumer has worked for years to highlight Albany NanoTech and the Capital Region’s ability to lead the country’s semiconductor research and development efforts. In December 2020, after Schumer worked with key stakeholders across the semiconductor industry, including key partners at Albany NanoTech like IBM to develop the federal CHIPS programs, including the NSTC, he successfully authorized these programs in law as part of the Fiscal Year 2021 National Defense Authorization Act.

    In addition to directly highlighting Albany NanoTech to President Biden, Schumer has brought top government officials to the Capital Region to promote Albany NanoTech as a major hub for the NSTC. In July 2021 prior to the passage of the CHIPS & Science Law, Schumer brought Commerce Secretary Gina Raimondo to Albany to show that Albany is a global leader in semiconductor research and development. Schumer brought Commerce Deputy Secretary Don Graves to tour Albany NanoTech’s facility in January 2022 and National Economic Council Director Lael Brainard toured the facility in February 2024 after Schumer’s invitation. In 2023, Schumer additionally brought Albany Nanotech head David Anderson as his personal guest to President Biden’s 2023 State of the Union to highlight the facility and leadership.

    Schumer has also promoted Albany NanoTech while meeting with both semiconductor industry and international leaders. Schumer highlighted Albany NanoTech when pitching Micron to locate their massive $100+ billion megafab project in Upstate NY, which Micron said was a critical factor in their selection of Central NY. Schumer also secured a commitment for South Korea to partner with Albany Nanotech on research, pushed for increased collaboration on semiconductor R&D between Japan and the United States, pitched Albany NanoTech to major Japanese chip suppliers for further investment, and met with the leadership of Belgium’s imec on multiple occasions to discuss ways Albany NanoTech and imec can collaborate as the two global leading semiconductor public-private research institutions. Schumer said these international partnerships underscore the ability of Albany NanoTech’s unique and world-renowned assets to help forge deeper ties with allies and partners in building more resilient chip supply chains and encouraging R&D collaboration, a key national security priority of the CHIPS programs, including the NSTC.

    Late last year, Schumer and Governor Hochul announced a new $10 billion public-private investment at Albany Nanotech which will help install a High NA EUV lithography machine, the most advanced semiconductor equipment ever made, designed, and manufactured by ASML, at its Albany NanoTech Complex. Schumer said this helps uniquely prepare them to quickly lead the NSTC as one of only two public research institutions in the world home to the new advanced EUV tool. In September 2023, Schumer announced NY CREATES, which leads Albany NanoTech, as one of the first to tap CHIPS funding with a $40 million award through the CHIPS DoD Microelectronics Commons Program to establish a new consortium, known as the Northeast Regional Defense Technology Hub. In September 2024, the consortium received an additional $30 million. Schumer also recently helped secure $4.7 million from the National Science Foundation for NY CREATES to provide workforce training associated with Albany NanoTech. These funds, made possible by a program boosted in the CHIPS & Science Law, will support the establishment of the Education Alliance for Semiconductor Experiential Learning (EASEL) program to help address the growing national demand for a skilled workforce in the semiconductor industry.

    ACROSS NEW YORK THE CHIPS & SCIENCE LAW HAS DELIVERED HISTORIC INVESTMENT & IS CREATING THOUSANDS OF GOOD-PAYING JOBS

    Thanks to Schumer’s CHIPS & Science Law, Upstate New York has seen a major revival in tech manufacturing. Micron has announced plans for a historic $100+ billion investment to build a cutting-edge memory megafab in Central New York with the support of an over $6 billion preliminary CHIPS agreement. GlobalFoundries plans to invest over $12 billion to expand and construct a second, new state-of-the-art computer chip factory in the Capital Region, with support from a $1.5 billion preliminary CHIPS agreement. Wolfspeed has opened a 200mm silicon carbide fabrication facility in the Mohawk Valley, one of the largest in the world, with a $750 million preliminary CHIPS agreement accelerating their ongoing expansion in the Mohawk Valley and boosting good-paying jobs expected to be created at the Marcy facility. TTM Technologies, a printed circuit board manufacturer, plans to invest up to $130 million to expand its facilities in Onondaga County, supported by federal investment to strengthen domestic supply chains, creating up to 400 good-paying jobs. Menlo Micro will invest $150 million to build their microchip switch manufacturing facility in Tompkins County, creating over 100 new good-paying jobs. In addition, Upstate New York is home to semiconductor supply chain companies like Corning Incorporated, which manufactures glass critical to the microchip industry at its Canton and Fairport, NY plants, and following Schumer’s advocacy, Edwards Vacuum has announced a $300+ million investment to build a dry pump manufacturing facility, made possible by a $18 million preliminary CHIPS agreement, creating 600 good-paying jobs to support the growing chip industry in Western New York. Earlier this year, Schumer also secured a major $40 million in federal funding for the federally-designated “NY SMART I-Corridor Tech Hub”, one of only 12 awardees nationally, to further position Upstate NY as a semiconductor center for the world.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: ‘Green’ tea and economic growth on the menu at Minister’s SUKI TEA visit

    Source: United Kingdom – Executive Government & Departments

    Minister Anderson discusses UK Government’s plans for investment and growth in Northern Ireland which follows the Budget’s largest real terms settlement for Northern Ireland since devolution. 

    Minister Anderson with SUKI TEA co-founder, Oscar Wooley.

    Parliamentary Under-Secretary of State for Northern Ireland, Fleur Anderson MP, highlighted Northern Ireland’s crucial role in delivering the Government’s missions of kickstarting economic growth and making the UK a clean energy superpower during today’s (Thursday 31 October) visit to Lisburn-based global tea exporter SUKI TEA.

    Minister Anderson met with SUKI TEA’s co-founder, Oscar Woolley and took part in a tour of the factory and a tea tasting, enjoying blends which included SUKI TEA’s own Northern Ireland-grown tea. SUKI TEA uses fair trade products and as a result, are an ethically responsible company. 

    The Minister and Mr Woolley discussed the opportunities and challenges facing the company, including the £500k investment SUKI TEA has made in its eco-friendly headquarters, and the Government’s Industrial Strategy, “Invest 2035”. 

    Reflecting on the “Invest 2035” Industrial Strategy, which will be developed in lockstep with local and regional leaders, the Minister highlighted how it will enable innovative and enterprising companies like SUKI TEA adapt and grow in key areas to support Net Zero, regional growth and economic security and resilience. The public consultation on this strategy closes on 24 November. 

    Speaking after the visit, Minister Anderson said:

    SUKI TEA is a perfect example of the crucial role Northern Ireland businesses play in delivering this Government’s missions to kickstart economic growth and make the UK a clean energy superpower.

    Yesterday’s Budget was the biggest real terms settlement for Northern Ireland since devolution. 

    Stability is the foundation for growth, and I am wholly confident that yesterday’s Budget will provide a strong foundation for growth and stability for real change in Northern Ireland.

    This is why we are working closely and collaboratively with the Northern Ireland Executive to unlock greater investment, put more money in people’s pockets and boost opportunities and outcomes for everyone across Northern Ireland.

    Following today’s visit, Co-Founder of SUKI TEA, Oscar Woolley, said:

    SUKI TEA was delighted to welcome Minister Fleur Anderson to our new Eco Factory today, discussing the essential role SMEs play as the backbone of Northern Ireland’s economy, driving growth, innovation, and resilience across the region. 

    We also had the unique opportunity to taste SUKI’s locally grown tea, the first tea cultivated on the island of Ireland.

    Notes to editors: 

    • For further details on the implications of the Chancellor’s Budget on Northern Ireland, see here.
    • To view the open consultation on Invest 2035: the UK’s modern industrial strategy, see here.

    Updates to this page

    Published 31 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Georgia parliamentary elections: UK statement to the OSCE, October 2024

    Source: United Kingdom – Executive Government & Departments 3

    Deputy Ambassador Deirdre Brown notes the results of parliamentary elections in Georgia, and calls on the Georgian authorities to investigate reported irregularities.

    Location:
    Vienna
    Delivered on:
    (Transcript of the speech, exactly as it was delivered)

    The United Kingdom notes the results of the parliamentary elections in Georgia on 26 October. We support the preliminary conclusions of the ODIHR Election Observation Mission, to which the UK was pleased to be able to contribute 50 short term observers. We encourage the Georgian government to engage constructively with ODIHR and international partners to address their findings.

    The Election Observation Mission concluded that preparations for the elections were well administered, and voters were offered a wide choice. However, the preliminary conclusions highlighted concerns over the misuse of administrative resources, a highly polarised campaign environment, and widespread intimidation and coercion against voters. Along with the impact on civil society of Georgia’s Law on Transparency of Foreign Influence, these reports raise serious concerns about the commitment of the Georgian authorities to the democratic standards that the people of Georgia have a right to expect.

    The United Kingdom calls on the Georgian authorities to transparently investigate reported irregularities, including those raised by local observers. We will continue to follow this process closely together with our international partners, and look forward to ODIHR’s final report and recommendations to the Georgian government. The United Kingdom stands ready to support Georgia in a return to the values its chosen Euro-Atlantic path requires.

    Thank you, Madam Chair.

    Updates to this page

    Published 31 October 2024

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Financial news: On the recognition of the Methodology for calculating the rates of return of currency swaps as invalid

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    On November 6, 2024, the Methodology for Calculating the Moscow Exchange Currency Swap Rates of Return will cease to be valid. The Methodology defines the procedure for calculating the MOEX OISFIXUSD Currency Swap Rate of Return, the calculation of which was suspended from June 13, 2024 due to the suspension of trading in instruments settled in US dollars.

    Contact information for media 7 (495) 363-3232PR@moex.com

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

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

    https://www.moex.com/n74444

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10/31/2024, 11:00 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A107EQ7 (IADOM 1P42) were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/31/2024

    11:00

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 10/31/2024, 11:00 (Moscow time), the values of the upper limit of the price corridor (up to 91.89) and the range of market risk assessment (up to 851.22 rubles, equivalent to a rate of 26.25%) of the security RU000A107EQ7 (IADOM 1P42) were changed.

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

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

    https://www.moex.com/n74445

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: The deposit auction of the Moscow Small Business Lending Assistance Fund will take place on 10/31/2024

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    Parameters;

    The date of the deposit auction is 10/31/2024. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 73,000,000.00. The placement period, days is 25. The date of depositing funds is 10/31/2024. The date of return of funds is 11/25/2024. The minimum placement interest rate, % per annum is 21.00. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 73,000,000.00. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open). The basis of the Agreement is the General Agreement. Schedule (Moscow time). Applications in preliminary mode from 12:00 to 12:10. Applications in competition mode from 12:10 to 12:15. Setting the cut-off percentage or declaring the auction invalid before 12:25.

    Additional conditions Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of non-compliance of the Bank with the requirements established by clause 2.1. of the Regulation “On the procedure for selecting banks for placing funds of the Moscow Small Business Lending Assistance Fund in deposits (deposits) under the GDS” (as amended on the date of the deposit transaction), early withdrawal at the “on demand” rate, payment of interest at the end of the term, without replenishment.

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

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

    https://www.moex.com/n74447

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10/31/2024, 12-11 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A101NQ1 (VBRR 1P-04) were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/31/2024

    12:11

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 10/31/2024, 12-11 (Moscow time), the values of the upper limit of the price corridor (up to 101.47) and the range of market risk assessment (up to 1073.93 rubles, equivalent to a rate of 10.0%) of the security RU000A101NQ1 (VBRR 1P-04) were changed.

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

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

    https://www.moex.com/n74450

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10/31/2024, 12-19 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JVD25 (RusHydro09) were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/31/2024

    12:19

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 10/31/2024, 12-19 (Moscow time), the values of the upper limit of the price corridor (up to 95.79) and the range of market risk assessment (up to 984.49 rubles, equivalent to a rate of 7.5%) of the security RU000A0JVD25 (RusHydro09) were changed.

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

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

    https://www.moex.com/n74452

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Trade and service enterprises choose SBP

    Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    Companies began to more actively connect payment for goods and services through the Fast Payment System (FPS) in the third quarter of 2024. In just 3 months, the number of such organizations increased by 13%. This is what they say Bank of Russia data.

    By October of this year, the number of enterprises accepting payments through the SBP exceeded 2 million. Of these, 1.7 million are SMEs. This is more than a quarter of all small companies in the country.

    The popularity of this service is also growing among citizens. 4 out of 10 people prefer to pay this way. Almost 11 million transactions per day are made for purchases, which is almost 28% of all transactions that are processed daily through the SBP.

    Preview photo: Nattakorn_Maneerat / Shutterstock / Fotodom

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

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

    http://vvv.kbr.ru/press/event/?id=21120

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: 10/31/2024, 13:35 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A1031Z2 (VEB1P-29) security were changed.

    Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    10/31/2024

    13:35

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 10/31/2024, 13-35 (Moscow time), the values of the upper limit of the price corridor (up to 93.84) and the range of market risk assessment (up to 1034.68 rubles, equivalent to a rate of 15.0%) of the RU000A1031Z2 (VEB1P-29) security were changed.

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

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

    https://www.moex.com/n74455

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Ksenia Yudaeva leaves the Bank of Russia on October 31 due to the decision to continue working outside of it (10/31/2024)

    Translation. Region: Russian Federation –

    Source: Central Bank of Russia –

    Ksenia Yudaeva, Advisor to the Chairman of the Bank of Russia, and previously First Deputy Chairman of the Bank of Russia and member of the Board of Directors of the Bank of Russia, has decided to continue her career outside the Bank of Russia.

    The Chairman of the Bank of Russia Elvira Nabiullina noted:

    “Ksenia Yudaeva made an invaluable contribution to the development of the Bank of Russia as a modern institution. It was she who helped implement the inflation targeting mechanism. Together with her, we went through a series of crises. And each time, her knowledge, ability to see the whole picture, and sharpness of reaction helped formulate an accurate response to these challenges. The fact that we managed to maintain financial stability during crises is largely due to her merit.

    We owe it to a professional team of researchers on macroeconomics, finance, banking, and the climate agenda that any central bank would be proud of. All of this will continue to help us move forward.

    We wish Ksenia Valentinovna success in all her endeavors!”

    When using the material, a link to the Press Service of the Bank of Russia is required.

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

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

    http://vvv.kbr.ru/press/PR/?file=638659756497718291ХП.хтм

    MIL OSI Russia News –

  • MIL-OSI Canada: Statement by Minister Khera marking the celebration of Diwali

    Source: Government of Canada News

    The Government of Canada marks Diwali.

    OTTAWA, October 31, 2024

    Today, Hindu, Jain, Sikh and Buddhist communities across Canada and around the world come together to celebrate Diwali, the Festival of Lights. This vibrant occasion symbolizes the triumph of good over evil and light over darkness.

    Diwali is much more than a festival; it’s a time for families and their loved ones to gather in joyous celebration. It is marked by prayers, the exchange heartfelt wishes, and the lighting of diyas, embodying the powerful message of hope, positivity and resilience. As homes are adorned with colorful decorations and delicious sweets are enjoyed, we are reminded that goodness always prevails.

    In Canada, this celebration resonates deeply, reminding us that, regardless of our diverse backgrounds or beliefs, we are united in our pursuit of kindness and strength to overcome challenges.

    Our government is also committed to safeguarding the right of communities to worship safely and are doing whatever it takes to protect everyone living in Canada. Recently, we launched Canada’s first-ever Action Plan on Combatting Hate to empower communities to identify and prevent hate, support victims and establish a coordinated approach across government to keep Canadians safe. A key component of the Action Plan is the Canada Community Security Program, which provides organizations and communities at risk of hate-motivated crime access to security and support when they need it.

    Wishing everyone a joyful, prosperous and peaceful Diwali filled with love, laughter and cherished moments with family and friends!

    Shubh Diwali!

    Waleed Saleem
    Press Secretary
    Office of the Minister of Diversity, Inclusion and Persons with Disabilities
    waleed.saleem@hrsdc-rhdcc.gc.ca

    MIL OSI Canada News –

  • MIL-OSI Canada: Crown Sector 2023-24 Payee Disclosure Report Released

    Source: Government of Canada regional news

    Released on October 31, 2024

    Crown Investments Corporation (CIC) tabled its 2023-24 Payee Disclosure Report with the Standing Committee on Crown and Central Agencies today. The report lists Crown sector payments from April 1, 2023 to March 31, 2024. 

    This report emphasizes the transparency and accountability of the Crown corporations to their shareholders, the people of Saskatchewan, and provides the public with an opportunity to gain insight into the sector’s spending.

    On behalf of the Crown sector, CIC provided $152 million in dividends in 2023-24 to Saskatchewan’s General Revenue Fund to support priorities in health care, education, highways and more. The Crowns also invested $1.9 billion in infrastructure to ensure system reliability and safety and continued quality service delivery. Meanwhile, these activities helped stimulate local economies and created jobs for families and communities. High-quality infrastructure and strong local procurement are key to the Crowns’ abilities to deliver the reliable and affordable services that Saskatchewan people have come to expect. 

    The sector continues to respond to an increased demand for social and public policy programing support by investing $20.2 million through grants, contributions, donations and sponsorships to communities, not-for-profit organizations, educational institutions and others.  

    More than 11,000 Crown employees work across Saskatchewan. In 2023-24, payments to employees totaled $1.2 billion, an eight per cent increase compared to 2022-23, due to factors including a three per cent economic increase and retroactive adjustments to salaries and benefits resulting from negotiated in-scope collective agreements. Crown executive remuneration increased three per cent, reflecting a three per cent economic increase.

    Reporting Methodology

    The report is prepared in accordance with the guidelines established by the Standing Committee on Crown and Central Agencies. The report lists detailed information for CIC and its subsidiary Crown corporations under the following categories:

    • ministerial and board member payments for expenses;
    • payments to suppliers and other payees who received more than $50,000;
    • employees who received more than $50,000 in remuneration; and
    • grants, contributions, donations and sponsorships greater than $5,000.

    The report discloses amounts paid during the April 1 – March 31 fiscal year. Amounts earned by or owing to suppliers and employees but paid in a different fiscal year are not included. Caution should be exercised when making year-over-year comparisons.

    The report is available on Crown Investment Corporation’s website at www.cicorp.sk.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: 2023-24 Public Accounts Volume 2 Released

    Source: Government of Canada regional news

    Released on October 31, 2024

    The 2023-24 Public Accounts Volume 2 was released today, containing financial information for the General Revenue Fund.

    Volume 2 of the 2023-24 Public Accounts provides detailed expenses for ministries, the Legislative Assembly and its officers. It also includes a summary of pension plan and trust fund balances, a summary of individual pension plans and trust funds, a Statement of Remission of Taxes and Fees, and the Road-use Fuel Tax Accountability Report. 

    Volume 1, which reports on the Summary Financial Statements, was released on June 27, 2024. 

    Volume 1 and Volume 2 of the 2023-24 Public Accounts are available in the Government of Saskatchewan’s Publications Centre at: https://publications.saskatchewan.ca/#/categories/6118.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI New Zealand: Real Estate Sector – Optimism rises in housing market, yet stock at decade-high shows sales yet to gain momentum

    Source: RealEstate.co.nz

    The New Zealand Property Report: October 2024

    Highest October stock levels in a decade, up 26.3% year-on-year
    22 months of price stability offers rare certainty for buyers and sellers

    The recent OCR cut and easing interest rates appeared to mark a turning point for the New Zealand property market, sparking renewed interest among buyers. Following last month’s OCR drop, buyer enquiries surged, signalling confidence from Kiwis actively looking for new homes.

    Yet, high stock levels suggest cautious optimism from buyers prevails. In October, stock levels hit an unusual peak, with over 32,000 properties available nationwide—a 26.3% increase year-on-year and a 7.7% rise from September.

    Sarah Wood, CEO of realestate.co.nz, noted that while optimism is creeping back, factors like interest rates and job security are tempering purchase behaviour:

    “While buyer activity is climbing, economic factors are keeping some would-be buyers on the sidelines.”

    October’s housing stock reaches 10-year high: 32,000 homes now on offer

    National stock levels were the highest recorded for a month of October in almost a decade. While higher stock levels in October are typical as the spring selling season ramps up, these levels reflect trends we haven’t seen since 2014 and 2015.

    “Buyers had more to choose from last month than they’ve had during an October for nearly a decade,” said Wood.

    All regions saw positive stock growth both month-on-month and year-on-year, with the majority showing double-digit annual increases. The biggest year-on-year increases in stock were in Gisborne (up 81.2%) and Wellington (up 52.9%). Only Northland, Taranaki, Nelson, and Southland recorded single-digit growth.

    According to Wood, early signs of market movement are beginning to show even if stock isn’t selling through yet:

    “We can see buyer sentiment changing with the amount of time properties are staying on the site. Properties listed for less than 30 days increased from 23.9% in September to 27.9% in October meaning that stock is moving faster, and interest is warming up.”

    Nearly two years of stable prices offer buyers rare predictability

    The abundance of stock, along with stable asking prices, is creating favourable conditions for those in a position to buy.

    For 22 months, the national average asking price has remained steady, fluctuating only between $850,000 and $890,000, providing rare market predictability. At $856,981, our national average asking price was down 3.0% year-on-year and 1.5% month-on-month during October.

    The absence of significant price fluctuations also extended around the country, with most regions seeing changes of less than 10% in their average asking price compared to 2023.

    Otago, Southland, and the West Coast were the only regions to see both month-on-month and year-on-year growth in asking prices. At the other end of the spectrum, Auckland, Bay of Plenty, Central North Island, Hawke’s Bay, Northland, Waikato, and Wairarapa all saw declines over both timeframes.

    The West Coast saw the biggest year-on-year increase to its average asking price, up 14.3%, while Wairarapa recorded the steepest decline, down 12.1% compared to last year. “Both are smaller markets and tend to be more prone to fluctuation,” noted Wood.

     Wood added: “The overall price stability is a positive sign for both buyers and sellers, offering a steady environment for those entering or moving within the market.”

    “Of course, individual circumstances and interest rates continue to shape buyer and seller decisions.”

    About realestate.co.nz

    We’ve been helping people buy, sell, or rent property since 1996.  

    Established before Google, realestate.co.nz is New Zealand’s longest-standing property website and the official website of the real estate industry.

    Dedicated only to property, our mission is to empower people with a property search tool they can use to find the life they want to live. With residential, lifestyle, rural and commercial property listings, realestate.co.nz is the place to start for those looking to buy or sell property.  

    Whatever life you’re searching for, it all starts here.

    Glossary of terms:

    Average asking price (AAP) is neither a valuation nor the sale price. It is an indication of current market sentiment. Statistically, asking prices tend to correlate closely with the sales prices recorded in future months when those properties are sold. As it looks at different data, average asking prices may differ from recorded sales data released simultaneously.

    New listings are a record of all the new residential dwellings listed for sale on realestate.co.nz for the relevant calendar month. The site reflects 97% of all properties listed through licensed real estate agents and major developers in New Zealand. This description gives a representative view of the New Zealand property market.

    Stock is the total number of residential dwellings that are for sale on realestate.co.nz on the penultimate day of the month.

    Rate of sale is a measure of how long it would take, theoretically, to sell the current stock at current average rates of sale if no new properties were to be listed for sale. It provides a measure of the rate of turnover in the market.

    Seasonal adjustment is a method realestate.co.nz uses to represent better the core underlying trend of the property market in New Zealand. This is done using methodology from the New Zealand Institute of Economic Research.

    Truncated mean is the method realestate.co.nz uses to supply statistically relevant asking prices. The top and bottom 10% of listings in each area are removed before the average is calculated to prevent exceptional listings from providing false impressions.  

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Infrastructure Sector – Research shows ways to improve our stewardship of infrastructure

    Source: New Zealand Infrastructure Commission

    Whether it is leaky pipes or potholes or cities struggling under demands for growth, New Zealanders will have seen how important it is to look after and plan for infrastructure. A new report from the New Zealand Infrastructure Commission, Te Waihanga speaks to this need, finding ways we can do better in managing our infrastructure.
    The Taking care of tomorrow today: Asset Management State of Play report is a high-level snapshot of New Zealand’s approaches to asset management. It incorporates the findings of independent asset management experts as well as expertise and observations from Te Waihanga.
    Te Waihanga Chief Executive Geoff Cooper says New Zealand’s most formidable challenge is looking after the assets we already have. On this score, the report shows New Zealand is currently sitting at a ‘pass’, but only just.
    “We have inherited $287 billion worth of infrastructure from past generations. But this comes with the obligation of stewardship. The goal should be to proudly hand infrastructure to future generations as a benefit, not a burden. This report highlights some of the challenges to this aspiration, and how we can improve.”
    “Like calendars and to-do lists in our daily lives, following strong plans and processes is central to the task,” Cooper says. “These are efforts that must become business-as-usual; sustained, not over weeks and months, but over years and decades.
    Cooper points to a lack of progress in many sectors over the past 10 years. And while mature processes don’t necessarily guarantee good asset management outcomes, they certainly increase the likelihood of these.
    “When it comes to our public infrastructure, good stewardship should be largely unequivocal and uncontested; simply part of the furniture. Cooper says. “This includes making sure that what we spend on ‘new’ infrastructure versus ‘renewals’ means we are getting the best value for our dollar.”
    Earlier research by Te Waihanga has highlighted that for every $10 spent on building infrastructure, $6 should be spent renewing existing assets and $4 spent on building new.
    The Taking care of tomorrow today report says that we don’t generally have the resourcing and capability needed to support good all-of-life decision-making, and there is opportunity to grow leadership and governance over asset management across most sectors.
    “There’s a need to make sure that the fees and charges funding maintenance keep pace with rising costs. Without this, the funding gap will grow, compromising the quality of infrastructure services we all rely so heavily on.”
    Improvement comes through building committed teams and leaders, the report says. It found pockets of excellence that reveal common characteristics: passionate, high-performing asset management teams; representation around the executive table; and funding that is prioritised, or even ringfenced.
    “We need to create an environment where we can build out these pockets of excellence and set durable, persistent standards across the infrastructure system,” Cooper says. “This will ultimately improve value for money and allow us to start making progress against our infrastructure deficit”
    He points to an example of good asset management and the value this created which was seen during Cyclone Gabrielle – where it’s estimated that the $2 million invested to increase the Taradale stop-banks in Napier may have averted $2 billion in damage and almost certainly saved lives.
    The report sets out eight ambitious recommendations that cover: improving governance and leadership, improving transparency, prioritising infrastructure resilience over ‘recovery’, and building asset management capacity and capability generally.
    Findings from Taking care of tomorrow today: Assert Management State of Play will also be considered as Te Waihanga works to develop a National Infrastructure Plan to provide a long-term view of our infrastructure needs and priorities.
    Key issues and gaps highlighted in Taking care of tomorrow today include:
    – There is limited awareness of the ‘what’ and ‘why’ of asset management in many sectors. We need to look at the big picture when it comes to infrastructure. This includes everything from strategic planning and management of assets through to the day-to-day maintenance.
    – Capability and capacity are the biggest constraints in improving infrastructure asset management maturity in NZ. This includes improving the resourcing and skillset of the asset management workforce, as well as the leadership and governance of the asset management system across most sectors.
    – There is little transparency of infrastructure and asset management performance and planning. This includes a lack of user-friendly access to information on how infrastructure is performing and what future funding intentions are.
    – There is need to better provide for renewal and maintenance of infrastructure. In some cases, funding gaps for maintenance and renewals are known, but there is not always the appetite to achieve the investment required.
    – Demand planning and management needs greater focus and we can go further than a Statistics New Zealand population forecast. This could include greater understanding of demographic change, customer behaviour, demand management strategies and potential future scenarios.
    – Making the most of operational programmes is a key opportunity for improvement. Organisations can usefully quantify the levels of planned versus reactive maintenance to inform more cost-effective approaches to asset management.
    – System and Improvement is one of the lowest scoring functions for all sectors. This is shown in a lack of asset management maturity progress for many sectors over the last ten years.
    The study contains recommendations under four key areas:
    Improving governance and leadership
    1. Strengthen infrastructure asset management requirements and their oversight and enforcement by the relevant system lead.
    2. Require all public major infrastructure providers to have an identified and accountable governance body and/or executive lead for asset management. Other major infrastructure providers should meet this requirement especially where they are providing critical infrastructure.
    Improving transparency in asset management practices, infrastructure performance and medium-long term funding plans.
    3. Require all public major infrastructure providers to periodically undertake an independently verified asset management maturity assessment and publicly report on the results. Other major infrastructure providers should meet this requirement especially where they are providing critical infrastructure.
    4. Require all public major infrastructure providers to publicly disclose a consistent set of asset performance measures, subject to external audit or scrutiny. Other major infrastructure providers should meet this requirement especially where they are providing critical infrastructure.
    5. Require all public major infrastructure providers to publicly disclose a minimum core level, 10-year asset management plan, refreshed at least three-yearly, and subject to external audit or scrutiny. Other major infrastructure providers should meet this requirement especially where they are providing critical infrastructure.
    Better prioritising of resilience over ‘recovery’.
    6. All providers of critical infrastructure should be required to explicitly assess and appropriately prioritise infrastructure resilience through their asset management and renewals cycles in accordance with their strategic objectives. Other major infrastructure providers should be encouraged to meet this requirement.
    Build asset management capacity and capability.
    7. Invest in asset management training programmes and develop a clear training and professional pathway for asset managers.
    8. Improve co-ordination of regional planning across infrastructure sectors, so that future demand requirements can be met.

    MIL OSI New Zealand News –

  • MIL-OSI USA: FEMA Approves $1.2 Million to Spanish Fork, Utah for Flood Recovery

    Source: US Federal Emergency Management Agency

    Headline: FEMA Approves $1.2 Million to Spanish Fork, Utah for Flood Recovery

    FEMA Approves $1.2 Million to Spanish Fork, Utah for Flood Recovery

    DENVER – FEMA has approved $1.2 million to help the city of Spanish Fork repair its water pipeline and damaged embankments. The funding is part of a major disaster declaration by President Biden issued in response to the Spanish Fork River flooding in 2023. Flooding from rapid snow melt damaged part of the drinking water pipeline and embankment in four locations, which affecting the community’s drinking water infrastructure. The $1.2 million in FEMA funding will bring the facility to pre-disaster function, and capacity, while making the waterline stronger to prevent future damages. The project is 75% funded by FEMA. The FEMA Public Assistance program provides funding to governmental agencies and certain private non-profits for eligible disaster response costs. For more information about the Public Assistance program, visit: https://www.fema.gov/assistance/public/program-overview.
    anthony.mayne
    Thu, 10/31/2024 – 15:37

    MIL OSI USA News –

  • MIL-OSI USA: Revised Preliminary Flood Maps for Lafourche Parish, Louisiana, Ready for Public View

    Source: US Federal Emergency Management Agency

    Headline: Revised Preliminary Flood Maps for Lafourche Parish, Louisiana, Ready for Public View

    Revised Preliminary Flood Maps for Lafourche Parish, Louisiana, Ready for Public View

    DENTON, Texas – Revised Preliminary Flood Insurance Rate Maps (FIRMs) are available for review by residents and business owners in all communities and incorporated areas of Lafourche Parish, Louisiana.Property owners are encouraged to review the latest information to learn about local flood risks and potential future flood insurance requirements. Community residents can identify any concerns or questions about the information provided and participate in the appeal and comment periods for the maps.This is Lafourche Parish’s first complete set of digital FIRMs. These maps serve multiple purposes, including defining Special Flood Hazard Areas (SFHAs). SFHAs are areas at high risk for flooding. Community leaders and residents can use these maps to make informed decisions about building standards, development and flood insurance that will make the community more resilient and lessen the impacts of a flood event.FEMA stresses that flooding can and does happen outside of the most vulnerable areas.Review the preliminary flood maps by visiting the local floodplain administrator (FPA). A FEMA Map Specialist can help identify community FPAs. Specialists are available by telephone at 877-FEMA-MAP (877-336-2627) or by email at FEMA-FMIX@fema.dhs.gov.The preliminary maps may also be viewed online:The Flood Map Changes Viewer at http://msc.fema.gov/fmcv FEMA Flood Map Service Center at http://msc.fema.gov/portalFor more information about the flood maps:Use a live chat service about flood maps at floodmaps.fema.gov/fhm/fmx_main.html (just click on the “Live Chat Open” icon).Contact a FEMA Map Specialist by telephone at 877-FEMA-MAP (877-336-2627) or by email at FEMA-FMIX@fema.dhs.gov.There are cost-saving options available for those newly mapped into a high-risk flood zone. Learn more about your flood insurance options by talking with your insurance agent or visiting floodsmart.gov.
    alexa.brown
    Thu, 10/31/2024 – 15:10

    MIL OSI USA News –

  • MIL-OSI USA: UConn Health Makes Forbes ‘America’s Best Employers’ List

    Source: US State of Connecticut

    UConn Health is among Connecticut’s preferred places to work, according to this year’s “America’s Best Employers by State” report by Forbes.

    Using survey data from more than 160,000 people who work for U.S. companies with at least 500 employees, Forbes ranks UConn Health No. 5 among the 15 employers headquartered in Connecticut who make the list.

    (Forbes/Statista)

    “We have always believed deeply in supporting our incredible workforce which is the driving force behind UConn Health’s excellence in clinical care, teaching and research,” says Dr. Andrew Agwunobi, UConn Health CEO and executive vice president for health affairs. “It is therefore extraordinarily important and gratifying for us that an objective outside source has recognized UConn Health as being a top-five place to work in Connecticut.”

    The ranking puts UConn Health right behind Yale New Haven Health and in front of Hartford HealthCare.

    A market research firm asked survey participants to give a score of zero to 10 that indicates how likely they were to recommend their employer. It also asked respondents to evaluate employers they’d worked for within the past two years, and organizations they knew within their industry or through friends or family who worked there.

    “We believe that our people make us the best place to work, and this recognition is a testament to the hard work and dedication of our entire team, including our staff, leadership and union partners,” says Lakeesha Brown, who serves as chief human resources officer for both UConn and UConn Health. “Thank you to everyone for making our workplace exceptional — together, we will continue to strive for excellence and innovation.”

    Forbes notes that companies pay no fee to participate or be selected in the rankings.

    This is the first time UConn Health has made Forbes’ “America’s Best Employers by State” list.

    UConn Health has a workforce of more than 5,600 permanent employees working at 11 sites throughout Connecticut. Based in Farmington, its off-campus locations include West Hartford, East Hartford, Canton, Simsbury, Avon, Southington, Storrs, Willimantic, Putnam, and Torrington. Prospective employees can learn more on UConn Health’s job seekers page.

    UConn, including Storrs and the campuses beside UConn Health, also placed, ranking 12th among employers headquartered in Connecticut.

    MIL OSI USA News –

  • MIL-OSI USA: First Lady Justice welcomes Chester to Preston High School, state’s 41st therapy dog through Friends With Paws program

    Source: US State of West Virginia

    The Friends With Paws program places certified therapy dogs in several schools across the state, providing companionship and comfort for students in need of a boost.

    Therapy dogs are specially trained to provide comfort and support to people in various tense environments. They can help people feel at ease, improve their mood, relieve anxiety, and remove social barriers. Friends With Paws therapy dogs are highly trained and certified to show their ability to work in stressful environments, ignore distractions, and provide therapy to people with diverse backgrounds and circumstances.

    “This has been a dream come true,” Angie Zofchak, Director of Attendance and Student Support for Preston County Schools, said. “I am so excited for Preston High students to have Sir Chester as a positive support. I would like to give a huge shoutout to Chris, the general manager from Tractor Supply in Kingwood, for supporting Chester, PHS, and the Friends With Paws Program! I would also like to thank our Board of Education members and student board members who are in support of the program and see the benefit that Sir Chester can provide to our students, socially and emotionally.”

    Following today’s assembly, students and staff had the chance to greet Chester.

    MIL OSI USA News –

  • MIL-OSI USA: AG Ferguson, bipartisan coalition win $49 million and counting over generic drugs price-fixing conspiracy

    Source: Washington State News

    AGs assert it was one of the most damaging price-fixing schemes in U.S. history

    OLYMPIA — Attorney General Bob Ferguson announced today he and a bipartisan coalition of attorneys general have won more than $49 million so far in their case against major drug manufacturers that conspired to illegally raise prices on hundreds of generic drugs. The conspiracy caused consumers to pay more than 10 times as much for some drugs, ranging from antibiotic ointment to cancer treatments.

    As a result of the multistate litigation, Apotex will pay $39.1 million and Heritage Pharmaceuticals will pay $10 million, make significant reforms and cooperate with the case against the remaining companies. Washington’s share of these and future resolutions will be determined when the litigation is resolved against all of the companies. Washingtonians who bought generic drugs during the conspiracy are eligible to get the amount they overpaid returned to them through a claims process. What individuals will receive will be determined once all the cases are complete.

    “These companies conspired to line their pockets at the expense of Washingtonians,” Ferguson said. “Their conspiracy made it harder for people to afford medications they rely on for their health, and even their life. I will hold them accountable.”

    Lawsuits in the U.S. District Court of the District of Connecticut remain active against 30 other corporations — including some of the nation’s largest generic drug manufacturers — as well as 25 company executives for violations of federal and state antitrust laws, including the Washington Consumer Protection Act. The attorneys general assert the conspiracy was one of the most egregious and damaging illegal price-fixing schemes in U.S. history.

    Company executives and their sales representatives used code words to meet privately and plan how to artificially raise the prices on generic drugs to increase their profits. Some female sales representatives, for instance, would agree to meet at a “girls’ night out,” then plan how to collectively and artificially raise prices on generic drugs. Many of the companies raised prices by well over 1,000 percent at the height of the conspiracy. Company executives later destroyed text messages and documents after hearing about subpoenas from the investigation.

    If you purchased generic prescription drugs between 2010 and 2018, you may be eligible for restitution from this resolution or future resolutions. To determine your eligibility, visit www.AGGenericDrugs.com, call 1-866-290-0182, or email info@AGGenericDrugs.com.

    Bipartisan coalition of AGs takes on the generic drug industry

    The attorneys general partnered on three lawsuits against generic drug manufacturers. One case focuses on Heritage Pharmaceuticals’ involvement with 17 other companies to fix the prices of 15 drugs. Another case focuses on 20 companies that fixed prices on more than 100 drugs. A third lawsuit involves 26 companies fixing the prices on 80 topical generic drugs used for dermatology. Each lawsuit addresses a different set of drugs and defendants.

    The companies agreed to drive up the prices of over a hundred common drugs, from everyday antibiotics such as amoxicillin and penicillin to antidepressants, contraceptives, non-steroidal anti-inflammatory drugs, statins, ace inhibitors, beta blockers and more. These drugs are used to treat a wide range of diseases and conditions, such as diabetes, cancer, HIV, epilepsy, multiple sclerosis, high blood pressure, arthritis, high cholesterol, acid reflux and more. A list of the drugs affected by the scheme is available here.

    When a branded drug manufacturer loses exclusive patent rights to a drug, generic drugs can enter the market at a lower cost. While some price increases are normal, prices of hundreds of generic drugs skyrocketed over the course of the conspiracy. Generic drug manufacturers argued publicly that the increases were due to legitimate factors such as industry consolidation, federally mandated plant closures or elimination of unprofitable generic drug product lines.

    Privately, however, the companies coordinated their prices at regular industry dinners, lunches, parties, golf outings, frequent telephone calls, emails and text messages. Throughout these communications, the conspirators used terms like “fair share,” “playing nice in the sandbox,” and “responsible competitor” to describe how they unlawfully discouraged competition, raised prices and enforced an ingrained culture of collusion within the industry. In addition to female sales representatives’ “girls’ night out,” male executives and employees often met under the guise of an “industry dinner.”

    The conspirators usually chose to communicate in person or by phone to avoid creating a written record of their illegal conduct. When communications were written, the companies often took calculated steps to destroy evidence of those communications.

    The states’ lawsuits seek restitution for consumers, damages for state agencies, maximum civil penalties and a court order to stop the illegal conduct and restore competition to the generic drug market.

    Antitrust Assistant Attorneys General Paula Pera, Holly Williams and Travis Kennedy, Litigation Support and Administrative Manager Kimberly Hitchcock, and paralegals Michelle Oliver and Tracy Jacoby are handling the case.

    The Antitrust Division investigates complaints about potential anti-competitive activity. For information about filing a complaint, visit https://fortress.wa.gov/atg/formhandler/ago/AntitrustComplaint.aspx.

    -30-

    Washington’s Attorney General serves the people and the state of Washington. As the state’s largest law firm, the Attorney General’s Office provides legal representation to every state agency, board, and commission in Washington. Additionally, the Office serves the people directly by enforcing consumer protection, civil rights, and environmental protection laws. The Office also prosecutes elder abuse, Medicaid fraud, and handles sexually violent predator cases in 38 of Washington’s 39 counties. Visit www.atg.wa.gov to learn more.

    Media Contact:

    Brionna Aho, Communications Director, (360) 753-2727; Brionna.aho@atg.wa.gov

    General contacts: Click here

    Media Resource Guide & Attorney General’s Office FAQ

    MIL OSI USA News –

  • MIL-OSI USA: All Living Former North Carolina Governors Praise State and County Elections Officials in Brief Supporting Governor Cooper in Elections Board Case

    Source: US State of North Carolina

    Headline: All Living Former North Carolina Governors Praise State and County Elections Officials in Brief Supporting Governor Cooper in Elections Board Case

    All Living Former North Carolina Governors Praise State and County Elections Officials in Brief Supporting Governor Cooper in Elections Board Case
    bconroy

    Earlier this week, a bipartisan group of all five living former North Carolina governors filed a brief in the North Carolina Court of Appeals supporting Governor Roy Cooper’s case against legislative leaders that challenges Senate Bill 749, enacted last year to give control of the State Board of Elections and all 100 County Boards of Elections to the General Assembly. The legislation was enacted over Governor Cooper’s veto without a single Democratic vote in support and the governor filed a lawsuit days later, challenging the bill’s blatant violation of our Constitution’s separation of powers.

    “All living North Carolina governors – Republican and Democrat – agree this legislation is unconstitutional and unjustified,” said Governor Cooper. “The Courts have rejected this change and the people overwhelmingly voted to oppose it when legislative Republicans tried to change it by amending the constitution. North Carolina has conducted safe and secure elections for decades under this system and the Court should uphold it.”

    In March, a bipartisan three-judge panel of superior court judges permanently enjoined Senate Bill 749 from taking effect, describing it as a “stark and blatant removal of the appointment power” that plainly violated the North Carolina Constitution and multiple North Carolina Supreme Court precedents. Republican legislative leaders have appealed that decision to the North Carolina Court of Appeals.

    On Tuesday, Governors Hunt, Martin, Easley, Perdue, and McCrory—two Republicans and three Democrats—jointly filed a brief to the appellate court explaining that Senate Bill 749 is not only “unconstitutional, but it also lacks any legitimate justification for its enactment.” As the former governors go on to explain, North Carolina has had the same structure for its Board of Elections since 1901 and “for nearly 125 years, our Board of Elections, with its members appointed and supervised by the Governor, has faithfully ensured time and time again that our elections are lawful and accurate.”

    The former governors highlight multiple examples of closely contested elections that were decided against the interests of the incumbent governor, as well as multiple examples of bipartisan praise for elections officials handling difficult elections issues in recent years. They also point out that the new board structure adopted in Senate Bill 749—which is almost certain to lead to an even split between Republicans and Democrats—would virtually guarantee deadlocked votes leading to a “situation where North Carolinians’ long-awaited end to each November election could unnecessarily extend into the holidays and beyond.” The “gridlock by design” structure in Senate Bill 749 would create a substantial risk that future elections could be decided by the courts or the legislature, instead of the voters.

    Read the brief here.

    Oct 31, 2024

    MIL OSI USA News –

  • MIL-OSI Security: U.S. Attorney’s Office Announces Guilty Plea in Fatal DUI Crash on Navajo Nation

    Source: Office of United States Attorneys

    ALBUQUERQUE – A Vanderwagen man pleaded guilty in federal court to two counts of involuntary manslaughter in connection with a fatal drunk driving crash that occurred on the Navajo Nation reservation in 2022.

    According to court documents, on October 2, 2022, Sheldon Carlton Daye, 30, an enrolled member of the Navajo Nation, drove while impaired by alcohol. He knew that driving drunk would pose a risk to others on the road. While driving on Highway 602 near Bread Springs, New Mexico, within the boundaries of the Navajo Nation reservation, Daye struck and killed two motorists who were stopped on the side of the highway changing a tire.

    Daye will remain on conditions of release pending sentencing, which has not yet been scheduled. At sentencing, Daye faces up to 16 years in prison. Upon his release from prison, Daye will be subject to up to three years of supervised release.

    U.S. Attorney Alexander M.M. Uballez and Raul Bujanda, Special Agent in Charge of the Federal Bureau of Investigation’s Albuquerque Field Office, made the announcement today.

    The Gallup Resident Agency of the FBI Albuquerque Field Office investigated this case with assistance from the Navajo Police Department and Department of Criminal Investigations. Assistant U.S. Attorneys Mark A. Probasco and Meg P. Tomlinson is prosecuting the case.

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  • MIL-OSI Security: Missouri Sex Offender Sentenced to 10 Years on New Child Pornography Charge

    Source: Office of United States Attorneys

    ST. LOUIS – U.S. District Judge Sarah E. Pitlyk on Wednesday sentenced a registered sex offender who was caught with child pornography to 10 years in prison.

    James Darrick Beeler, 53, of Glenwood, Missouri, had more than 200 videos containing child sexual abuse material on a laptop and more than 200 videos on two thumb drives. On June 29, 2022, the Missouri State Highway Patrol discovered that someone was sharing two videos of child pornography on a peer-to-peer file sharing program. They traced the videos to Beeler’s home. Beeler later admitted to investigators that he used his laptop to search for and download child sexual abuse material.

    Beeler pleaded guilty in U.S. District Court in St. Louis in May to one count of possession of child pornography. In 2007, he was convicted in Schuyler County of abuse of a child.

    The Missouri State Highway Patrol and the FBI investigated the case. Assistant U.S. Attorney Kyle Bateman prosecuted the case. 

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and the Department of Justice Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.
     

    MIL Security OSI –

  • MIL-OSI Security: U.S. Attorney’s Office Charges Mescalero Man with Assault

    Source: Office of United States Attorneys

    ALBUQUERQUE – A Mescalero man has been charged by criminal complaint with assault resulting in serious bodily injury after allegedly attacking a friend with a beer bottle, leaving the victim with severe facial injuries.

    According to the criminal complaint, on January 5, 2024, Lewis Michael Bigmouth, 27, an enrolled member of the Mescalero Apache Tribe, allegedly assaulted another enrolled tribal member on the Mescalero Apache Reservation, striking the victim multiple times in the face with a beer bottle. The victim suffered severe injuries, including a partial amputation of his nose requiring multiple reconstructive surgeries.

    Bigmouth appeared before a federal judge and will remain in custody pending trial, which is has not been set.

    If convicted, Bigmouth faces up to 10 years in prison followed by three years of supervised release.

    U.S. Attorney Alexander M.M. Uballez, Jason T. Stevens, Acting Special Agent in Charge of Homeland Security Investigations (HSI) El Paso and Brendan Iber, Special Agent in Charge of the Bureau of Alcohol, Tobacco, Firearms and Explosives, made the announcement today.

    The Bureau of Indian Affairs investigated this case. Assistant United States Attorneys Joni Autrey Stahl and Kirk Williams are prosecuting the case.

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

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    MIL Security OSI –

  • MIL-OSI Security: Feeding Hills, Massachusetts Man Sentenced to 68 Months for Drug Trafficking Conspiracy

    Source: Office of United States Attorneys

    Burlington, Vermont – The United States Attorney’s Office for the District of Vermont stated that on October 29, 2024, Eddie Melendez (a/k/a “Bart”), 31, of Feeding Hills, Massachusetts, was sentenced by Chief United States District Judge Christina Reiss to a term of 68 months’ imprisonment to be followed by a 3-year term of supervised release. Eddie Melendez previously pleaded guilty to conspiring with numerous other individuals to distribute fentanyl and cocaine base in and around Rutland, Vermont.

    According to court records, Melendez was the leader of a drug distribution organization that had been transporting hundreds of grams of cocaine base and thousands of bags of heroin/fentanyl from Massachusetts to the Rutland, Vermont area on a regular basis since at least late 2019 or early 2020 until January 2024. During the course of the conspiracy, Melendez and his associates used Rutland area hotels and at least five private residences as locations to sell illegal drugs. More than a dozen associates of Melendez were involved in distributing controlled substances for his drug trafficking organization or hosting its operations within their residences, and Melendez stipulated that he coordinated the drug activities of the organization. Investigators completed fourteen controlled purchases into Melendez’s drug trafficking organization between August 2023 and January 2024.

    United States Attorney Nikolas P. Kerest commended the collaborative investigatory efforts of the Vermont State Police’s Drug Task Force, Homeland Security Investigations, Rutland City Police Department, the Federal Bureau of Investigation, and the Ludlow Police Department.

    The case was prosecuted by Assistant U.S. Attorneys Jason Turner and Jonathan Ophardt. Melendez was represented by John-Claude Charbonneau, Esq.

    MIL Security OSI –

  • MIL-OSI Security: Man Under Indictment in Heroin OD Case Charged With Federal Gun Crimes

    Source: Office of United States Attorneys

    A Fort Worth man on a deferred adjudication for dealing the heroin that killed a 21-year-old in 2013 has been charged with federal gun crimes, announced U.S. Attorney for the Northern District Leigha Simonton.

    Brennan Trainor Rodriguez, 33, was charged Wednesday in a two-count indictment alleging illegal possession of a machinegun and illegal receipt of a firearm by a person under indictment.  

    According to court records, Mr. Rodriguez was charged on June 7, 2013, with injecting heroin into a 21-year-old man who suffered a fatal overdose. He admitted to causing the man’s death and was placed on 10 years of deferred adjudication beginning on Nov. 26, 2014. Conditions of his community supervision prohibited him from possessing firearms. (Until the deferred adjudication period concludes, Mr. Rodriguez is still considered under indictment.)  

    On Aug. 6. 2024, law enforcement responded to a domestic disturbance call from Mr. Rodriguez’s former girlfriend, who told police that the defendant had been stalking and harassing her since their breakup. She also reported that Mr. Rodriguez frequently shot guns, including one that fired fully automatic.  

    The following week, Mr. Rodriguez was arrested for stalking. In searching his home, law enforcement found nine firearms, including a Smith & Wesson rifle equipped with a machinegun conversion device, commonly known as a “switch” or “auto sear.”

    An indictment is merely an allegation of criminal conduct, not evidence. Mr. Rodriguez is presumed innocent until proven guilty in a court of law.

    If convicted of the gun crimes, he faces up to 10 years in federal prison.

    Meanwhile, Mr. Rodriguez’s state court cases remain pending.  

    The Bureau of Alcohol, Tobacco, Firearms, & Explosives’ Dallas Field Division – Fort Worth Resident Agency and the Fort Worth Police Department conducted the investigation. Assistant U.S. Attorney Eric B. Chen is prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Security: Galeas Patriarch, HSO Leader Sentenced to 30 Years in Federal Prison for Human Smuggling and Money Laundering

    Source: Office of United States Attorneys

    DEL RIO, Texas – The leader of a human smuggling organization (HSO) was sentenced in a federal court in Del Rio to 360 months in federal prison on Wednesday.

    According to court documents, Roberto Galeas-Mejia, 48, of Honduras, led a San Antonio-based HSO, overseeing activities that included the transportation and harboring of undocumented noncitizens and the coordination of payments. Funds were funneled through conspirators’ bank accounts and used to pay load drivers and stash house operators, as well as to rent stash houses and further aid the HSO. Funds were also used for personal expenses such as vehicle purchases. Over the course of the investigation, Homeland Security Investigations thwarted multiple smuggling loads and arrested numerous co-conspirators and undocumented noncitizens.

    On July 27, 2022, a federal jury found Galeas-Mejia guilty of all three counts in a superseding indictment: conspiracy to transport illegal migrants, conspiracy to harbor illegal migrants, and conspiracy to launder monetary instruments. His wife Eva Maria Galeas and stepdaughter Lisa Marie Ortega, both of San Antonio, were also found guilty as co-conspirators. His sisters Sandra and Norma Galeas-Mejia, of Honduras, were also co-conspirators but pleaded guilty. The four women were sentenced in March.

    During the March sentence hearing, Chief U.S. District Judge Alia Moses ordered the forfeiture of $603,593.00, which was discovered in a safe during a search of Roberto’s home that he shared with Eva and Lisa Marie Ortega. On Wednesday, Roberto Galeas was also ordered to pay a money judgement of $1,008,000.

    HSI investigated the case with valuable assistance from U.S. Border Patrol, Texas Department of Public Safety, Maverick County Sheriff’s Office, Eagle Pass Police Department, Dimmit County Sheriff’s Office and the Bexar County Sheriff’s Office.

    Assistant U.S. Attorneys Holly Pavlinski, Antonio Franco and Rex Beasley prosecuted the case.

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    MIL Security OSI –

  • MIL-OSI Security: New Braunfels Man Pleads Guilty After Planned Mass Murder Attacks Thwarted by Federal and Local Law Enforcement

    Source: Office of United States Attorneys

    SAN ANTONIO – A New Braunfels man pleaded guilty in a federal court in San Antonio to one count of attempt to receive firearm to use to commit a felony.

    According to court documents, Cameron Darrick Peterson, 20, began planning mass shootings since November 2022. On Jan. 4, 2024, Peterson attempted to purchase a 12-gauge shotgun from a New Braunfels pawn shop. He completed the required background check and was denied due to his age and the type of firearm he was attempting to purchase. On May 31, he attempted to purchase an assault weapon-style 12-gauge shotgun from the pawn shop and was denied a second time.

    FBI agents obtained an arrest warrant on June 5, and Peterson was immediately taken into custody by the New Braunfels Police Department. During a search of his home, FBI agents found and seized an altered .22 caliber long rifle with a sawed-off buttstock and six magazines loaded with 60 rounds.

    On June 6, as part of a federal search warrant, agents reviewed Peterson’s Instagram account, revealing statements Peterson had made about plans to attack a gas station. Also on June 6, Peterson was recorded from jail instructing a witness to hide or destroy a videotape he had made in which he surveilled a grocery store to plan a future attack.

    On June 10, another search of Peterson’s home revealed a box that contained 11 aerosol containers and other ingredients to manufacture destructive devices. One of the containers was determined that it could be readily made operational and was categorized as an Improvised Explosive Device. The IED was not registered in the National Firearms Registry, nor could it be due to Peterson’s age.

    Peterson is scheduled to be sentenced on Feb. 5, 2025 and faces up to 10 years in prison and a $250,000 fine. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    U.S. Attorney Jaime Esparza for the Western District of Texas made the announcement.

    The FBI’s Joint Terrorism Task Force, San Antonio Fire Department, New Braunfels Police Department, and Bureau of Alcohol, Tobacco, Firearms and Explosives are investigating the case.

    Assistant U.S. Attorneys Mark Roomberg and Eric Yuen are prosecuting the case.

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    MIL Security OSI –

  • MIL-OSI Security: Rockledge Man Pleads Guilty To COVID-19 Fraud

    Source: United States Department of Justice (National Center for Disaster Fraud)

    Orlando, Florida –United States Attorney Roger B. Handberg announces that Robert William Burns, III (44, Rockledge) has pleaded guilty to COVID-19-related wire fraud. Burns faces a maximum penalty of 20 years in federal prison. A sentencing date has not yet been set.

    According to the plea agreement, in 2021, Burns applied for three Paycheck Protection Plan (PPP) loans to support two of his businesses – RB3 Ventures LLC and The Social Wizards. In all three applications, Burns made false statements to obtain the loans. In one instance, he inflated his company’s income to obtain a larger payout and supported the application with false or fictitious tax documents. In total, Burns fraudulently obtained $57,186 in PPP funds. Burns then spent all the funds on non-business purposes.

    As part of his plea agreement, Burns has agreed to forfeit $57,186 and make full restitution to the U.S. Small Business Administration. 

    This case was investigated by the United States Secret Service and the Brevard County Sheriff’s Office. It is being prosecuted by Assistant United States Attorney Richard Varadan.

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