Category: KB

  • MIL-OSI Economics: 2024 Annual Meetings – Address by the Chair of the Boards of Governors

    Source: International Monetary Fund

    H.E. Ahmed Munawar
    Governor of the Maldives Monetary Authority

    October 25, 2024

    بسم الله الرّحمن الرّحيم

    As-alam-alaikum and a very good morning

    It is a great honor to welcome you to the 2024 Plenary of the Boards of Governors of the International Monetary Fund and the World Bank Group.

    A warm welcome to the Managing Director of the IMF Kristalina Georgieva and the President of the World Bank Group Ajay Banga. Congratulations Ms. Georgieva, on commencing your second term as the MD.

    This year is special. We are celebrating the 80th anniversary of the Bretton Woods Institutions—a major milestone in the history of global economic governance. I would like to reflect on the words of the first Annual Meetings Chair of the Boards of Governors, U.S. Treasury Secretary, John W. Snyder: “In joining the Fund and Bank, our respective governments have not only invested large sums of money, but they have in a considerable measure staked their economic destinies on the success of these institutions. We must not fail our governments and, above all, the hopeful people we represent.”

    These words hold true today, as they did 80 years ago. For 80 years, the IMF and World Bank have remained beacons of hope, managing global crises from wars to pandemics. Even in tough times, we find resilience. Chairing the Board of Governors in this historic meeting by a small state like mine is a sign of the inclusivity of these institutions.

    Despite tighter financial conditions and rising geopolitical tensions, the global economy is showing remarkable strength. A soft landing is within reach. Inflation is moderating. Yet, we cannot become complacent. Uncertainty remains high. Ongoing conflicts and upheavals in many parts of the world cast a shadow over our progress, and further escalations would have a much larger impact on vulnerable economies, including through higher commodity prices.

    It is true that significant challenges remain, and I would like to highlight three such challenges.

    Firstly, climate change. Small countries like the Maldives, are on the front lines of climate change. The Maldives aims to have 33% of its electricity from renewable sources by 2028. This transition will build climate resilience and deliver significant fiscal and foreign exchange savings. Achieving the target requires around 1.3 billion dollars to upgrade power infrastructure, of which only 13% has been pledged by donors so far. Small Island Developing States (SIDS) like the Maldives call on international financial institutions to provide easier and affordable climate finance for adaptation and mitigation on the principles of a just energy transition. While the IMF’s Resilience and Sustainability Fund and the World Bank’s record 42.6 billion dollars in fiscal year 2024 in climate finance are commendable. More is needed, especially for climate vulnerable SIDS. Additionally, we must innovatively rethink and implement strategies to mobilize private sector investments.

    Secondly, debt sustainability. Over two-thirds of emerging markets and developing economies are at high risk of debt distress. While the Global Sovereign Debt Roundtable has encouraged collaboration, more action is needed. Debt sustainability analysis must better account for country context, and the ongoing review of the Debt Sustainability Framework for Low-Income Countries should look at the specific needs of SIDS. The IMF, World Bank, and MDBs should take bold steps to support countries in debt distress. MDBs can also create tools like debt-for-climate swaps, exchanging debt relief for climate adaptation investments.

    Finally,structural reforms. We must strengthen the productive and state capacities of emerging and developing economies. The Bretton Woods Institutions should focus more on job creation, equal opportunities, economic diversification, and the impact of refugee flows. Similarly, structural reforms must be socially acceptable, ensuring benefits are widely shared.

    Over the past year, the IMF and World Bank have undertaken significant initiatives to support our members. The completion of the 16th General Review of Quotas, the IDA21 Replenishment, and discussions on quota realignment and strengthening World Bank Group’s financing will help ensure that these institutions remain adequately resourced. At the same time, let us not lose sight of the importance of providing adequate access and representation to the countries which need MDB support the most, as well as ensuring evenhanded treatment across the membership.

    The review of the IMF’s Poverty Reduction and Growth Trust, Charges and Surcharge Policy together with the World Bank’s IDA21 Replenishment demonstrate support for our most vulnerable nations.

    As I reflect on the discussions I have had during these Annual Meetings, one theme has emerged strongly: the critical need for multilateral cooperation. My friends, collective action is the antidote to an increasingly fragmented world. The 80th anniversary of the Bretton Woods Institutions provides a moment to reflect on our achievements, and plan for a better future together. Let me extend a warm welcome to Liechtenstein, which earlier this week joined the IMF as its hundred and ninety-first member, further reinforcing the importance of multilateralism. I am pleased with addition of the 25th Chair at the IMF’s Executive Board for Sub-Saharan Africa, and urge my fellow Governors to champion gender diversity and equality.

    As the Bretton Woods Institutions plan for the future, they should tailor their advice and activities to meet the specific needs and capacities of each member. If we fail to do this, we fail the people we represent, as the first Annual Meetings Chair, John Snyder, wisely reminded us 80 years ago. As I conclude, let us remind ourselves of our unwavering commitment to macroeconomic stability, prosperity, and cooperation.

    Thank you.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

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

    @IMFSpokesperson

    MIL OSI Economics

  • MIL-OSI Security: Defense News: CFAS Hosts Women’s Leadership Symposium

    Source: United States Navy

    Senior personnel from various commands offered over 148 years of cumulative military experience and personal insight into topics including mental health, mentorship and leadership development.
    Cmdr. Mariah Rule, Chief Staff Officer at CFAS, was the lead coordinator and mistress of ceremonies for the event.

    “I firmly believe that even natural leaders have to do a lot of inner work to become a great leader,” said Rule. “A solid foundation of understanding how you want to lead will guide how you think, feel and how you make decisions. These decisions produce action that drives results.”

    The first day of the symposium began with a panel of senior female leaders offering their insight to address the development of leadership styles and skills, moderated by Chief Aviation Boatswain’s Mate Aircraft Handling Shawneequa Joyner.
    Members of the panel discussed how assertive and persuasive leadership styles are perceived in the workplace, and how to mitigate misconceptions of female leadership by keeping an open flow of communication between leadership and junior Sailors.

    “I show up as the person I truly am,” said Chief Warrant Officer 2 Latisha Sewell. “Be the type of leader that you want to be even if people try to place labels on you.”

    The event continued with topics such as sexual harassment in the workplace, maintaining a healthy work-life balance as a mother, women’s health, and harnessing your warrior wellness by utilizing mental and physical toughness techniques.
    The day concluded with three mental health exercises that were recommended to alleviate stress. The exercises included listening to meditation music while blind folded, aromatherapy, and unprompted drawing.

    The second day of the symposium focused on mentorship and how to be an effective “wingwoman”, which is defined as a woman who uplifts and guides other women personally and professionally.
    Cmdr. Angelina Violante, Executive Officer at USS Green Bay (LPD 20), was a guest speaker who offered her own approach to actively being a wingwoman for Sailors.

    “I really strive to maintain that supportive, open and empathetic attitude,” said Violante. “Wingwomen are there to guide, lead and set an example.”
    To lead by example is how many other women are able to embody what it means to be an exceptional female leader.

    Being a trailblazer as a female leader was nothing new for Rear Adm. Ryoko Azuma, the Japan Maritime Self-Defense Force (JMSDF) Director of Training, National Defense Academy of Japan, who spoke about “being first”. Throughout her career, Azuma paved the way for women as she became the first woman in 20 years to command a Japanese naval squadron.

    “I don’t think about being a woman,” said Azuma. “I will concentrate my energy on fulfilling my duties as a commander.”
    Azuma gave thorough insight into her backstory and provided Sailors the opportunity to ask questions pertaining to her experience as a woman of firsts.
    “I want to devote myself to becoming a person who will inspire others,” said Azuma.

    Mentorship was also highlighted as a focal point, emphasizing how impactful mentorship amongst men and women is.
    A panel, composed of male senior leadership, gave greater insight of their experiences with female mentorship.
    “I’ve been around female leaders, as a former Yeoman, my whole career,” said Command Master Chief Lance H. Burfict, assigned to Amphibious Squadron 11(CPR 11). I have been mentored by some of the top female leaders and have gotten to this point because they have poured in to me.”

    The symposium then segued into speed mentorship where senior leadership had the opportunity to spend about two to five minutes to connect and share advice with sailors seeking mentorship.
    Afterwards, Rule concluded the symposium with an appreciative acknowledgement of all who attended and participated in the women’s leadership symposium.
    “I’m so impressed with the diverse turnout that we had every single day,” said Rule. “It speaks volumes to the leadership here, and how committed we are to leadership development and mentorship to our Sailors.”

    MIL Security OSI

  • MIL-OSI Europe: Africa Day : Celebrating African Excellence

    Source: Universities – Science Po in English

    On October 3rd, Sciences Po hosted a major event celebrating Africa’s rich heritage and vibrant innovations. On the occasion of the Francophonie Summit and in partnership with the French-African Foundation, AFRICA Day gathered 600 participants to imagine a future where African excellence shines on the global stage.

    The day began at the Élysée Palace, where the next generation of African leaders engaged in a discussion with French President Emmanuel Macron. Following this, Arancha Gonzalez, Dean of the Paris School of International Affairs (PSIA), and founding partner Nachouat Meghouar, Director General of the French-African Foundation, welcomed participants at Sciences Po and officially launched the first edition of the AFRICA Day which was supported by the French Ministry for Europe and Foreign Affairs, UM6P-Mohammed VI Polytechnic University, Jeune Afrique magazine, Concerto, OCP Group, and Boston Consulting Group.

    Throughout the day and in over 15 sessions, participants had the privilege to directly engage with more than 40 speakers and influential leaders from the continent on topics related to economics and finance, technology, development, climate change, security, entrepreneurship and creative industries. Further program details can be found at theafricaday.com.

    For the final plenary session, Mohamed Ould El Ghazouani, the President of the Islamic Republic of Mauritania and Chairperson of the African Union, stressed how stability was necessary to Africa’s development and prosperity.

    The day concluded with a memorable concert by Congolese artist Fally Ipupa, bringing together students and partners in celebration of the diverse voices and vibrant culture of the African continent. 

    This successful event was made possible by the dedication and enthusiasm of our many student volunteers who made sure the day went smoothly. 

    AFRICA Day was also a demonstration of Sciences Po’s strong commitment to Africa. We are proud to be one of Europe’s universities with the most active network of partner institutions in Africa. We also offer many academic programs and research dedicated to the continent. PSIA notably offers targeted courses through the African Studies concentration.

    Sciences Po’s student and alumni communities are also enriched by some 700 students from 46 African countries and over 1,000 alumni in Africa. We are fortunate to benefit from an important partnership with the Mastercard Foundation Scholars Program, which provides Scholarship enabling students from the continent to join Sciences Po’s graduate programmes

    MIL OSI Europe News

  • MIL-OSI Canada: Federal investments to boost tourism in rural New Brunswick

    Source: Government of Canada News

    News release

    October 25, 2024 · Salisbury, New Brunswick · Atlantic Canada Opportunities Agency (ACOA)

    Tourism plays a vital role in Atlantic Canada, driving local economies, creating jobs and strengthening communities. Tourism also helps preserve, promote and celebrate the region’s diverse cultural heritage – building awareness and understanding of the many people who call this place home. The Government of Canada is investing to help four organizations and two municipalities in rural New Brunswick seize opportunities to boost tourism and ensure the industry is well positioned for long-term, sustainable growth.

    Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA, was in Salisbury to announce a total investment of $782,907 for six projects to support the advancement of tourism in the region.

    The funding will support the Town of Salisbury, Fundy – St. Martins, the Maritime Motorsport Hall of Fame, Firefly Forest Ltd., Poley Mountain Resorts Ltd., and Stoke Resort with projects to help expand and upgrade tourism infrastructure.

    For more information on the projects, please see the backgrounder.

    Today’s announcement further demonstrates the Government of Canada’s commitment to strengthen Atlantic Canada’s tourism sector and grow the region’s potential as a world-class destination of choice.

    Quotes

    “With its stunning natural attractions and authentic tourism experiences, rural New Brunswick offers unique opportunities for you to explore all year long. Today’s investment will help tourism operators in the region around Salisbury reach their full potential and bring in even more visitors to this great part of the province.”

    – The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA

    “From naturalists and birders visiting our community to residents getting outdoors, this trail investment will be a 365-day amenity for residents and visitors alike. The Town of Salisbury is thrilled to be completing this trail extension and appreciates the essential support of funders such as ACOA to make the project come to fruition.”

    – Robert Campbell, Mayor, Town of Salisbury

    Quick facts

    • Over 7,500 businesses are part of the tourism sector in Atlantic Canada, working in food and beverage, accommodations, recreation, transportation, and travel services.  Together, these companies employ over 111,000 full and part-time workers. 

    • Tourism is a major employer for Atlantic Canadians living outside major cities, representing 9.5% of all local jobs in rural communities. 

    • The funding announced today is provided through ACOA’s Innovative Communities Fund, the Tourism Growth Program and the Regional Economic Growth through Innovation program.

    Related products

    Associated links

    Contacts

    Connor Burton
    Press Secretary
    Office of the Minister of Rural Economic Development and of the
    Atlantic Canada Opportunities Agency
    Connor.Burton@acoa-apeca.gc.ca

    Ann Kenney
    Senior Communications Officer
    Atlantic Canada Opportunities Agency
    ann.kenney@acoa-apeca.gc.ca

    Austin Henderson
    Chief Administrative Officer
    Town of Salisbury
    Austinhenderson@salisburynb.ca

    Jim Bedford
    Mayor of Fundy – St. Martins
    JamesBedford@FundyStMartins.ca

    James Hare
    General Manager
    Poley Mountain Resorts Ltd.
    Jamie@poleymountain.com

    Marcel Leblanc
    Vice President
    Stoke Resorts (Ten Thirty-Four Holdings & Investments Ltd.)
    Marcel.leblanc.cfp@gmail.com

    Angela Nicholson
    President
    Maritime Motorsports Hall of Fame
    maritimemotorsports@gmail.com

    Bruce Fowler
    Secretary
    Firefly Forest Ltd.
    fireflyforestrecreation@hotmail.com

    Stay connected

    Follow ACOA on Facebook, X, LinkedIn and Instagram.

    MIL OSI Canada News

  • MIL-OSI Canada: New Canada-Quebec Agreement: together to save lives

    Source: Government of Canada News (2)

    News release

    Over $86M to reduce substance-use harms and prevent overdoses

    Canada is facing one of the most serious public health crises in its history – the toxic illegal drug and overdose crisis. That’s why the governments of Quebec and Canada are joining forces to tackle this public health crisis, notably through prevention, harm reduction, treatment and rehabilitation measures.

    Today, the Honourable Ya’ara Saks, Federal Minister of Mental Health and Addictions and Associate Minister of Health, Lionel Carmant, Quebec Minister Responsible for Social Services, and the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec, announced the Canada-Quebec Contribution Agreement to address substance use and addictions. The agreement provides more than $86.8 million to support Quebec’s efforts to address addiction, the prevention of overdoses and reduce substance-use harms. Federal funding for this agreement comes from Health Canada’s Substance Use and Addictions Program (SUAP) and are being provided to the Government of Quebec without conditions.

    More than 96 projects, selected by Quebec, will benefit from the funds being invested. Some of these projects will make additional services available to prevent overdoses and reduce harms associated with substance use, based on the realities and priorities of each of Quebec’s regions. Others will involve setting up research projects to develop new knowledge about substance use and addiction. This funding will therefore support various institutional and community partners working to improve the health of people at risk of overdose or at risk from substance use.

    The governments of Quebec and Canada will continue to support community partners and organizations working to save lives and reduce the harms associated with substance use.

    Quotes

    “We recognize the tragic toll substance use is taking on families, friends and communities across Canada. Our comprehensive and compassionate approach is about reducing harms and saving lives. We are supporting community organizations that have deep roots in their communities, have the trust of their clients and have the first-hand knowledge needed to make a real difference in people’s lives. We are using every tool at our disposal to end this crisis and build a safer, healthier and more caring future for all Canadians.”

    The Honourable Ya’ara Saks
    Minister of Mental Health and Addictions and Associate Minister of Health

    “Substances circulating on the market have become extremely dangerous; Today, to use them is to endanger your life. That’s why we need to go even further in our prevention efforts by allowing those who wish to do so to test their drugs, but we also need to provide better support to people who use substances and to those around them, who often need help as well. Community organizations’ field expertise is one of the great strengths of our system in Quebec. I am pleased to announce that, for the first time in Quebec, a portion of the funds will be allocated to them, as they who are valuable allies of the health network. That’s why we want to continue to support them in their vital mission and increase the range of assistance available to those who need it most.”

    Lionel Carmant
    Minister Responsible for Social Services for the Government of Quebec

    “Across the country, organizations are working tirelessly to provide essential support to people who use substances. It is essential that funding be directed where it can have the greatest impact. We must use every tool at our disposal to tackle the overdose crisis, including supporting those who provide vital services to people in need of treatment.”

    The Honourable Soraya Martinez Ferrada
    Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec

    Quick facts

    • Federal funding for this agreement comes from the Substance Use and Addictions Program (SUAP).

    • Since 2018, the governments of Canada and Quebec have signed agreements recognizing that Quebec is responsible for administering federal funding throughout the province according to its own priorities and directions.

    • Through new investments announced in Budget 2023, the Government of Canada is investing $144 million in the SUAP to fund community support services and other evidence-based public health interventions.

    • Since 2017, over $650 million have been invested in more than 400 projects under Health Canada’s SUAP.

    Associated links

    Contacts

    Yuval Daniel
    Director of Communications
    Office of the Honourable Ya’ara Saks
    Minister of Mental Health and Addictions and Associate Minister of Health
    819-360-6927

    Lambert Drainville
    Press Secretary
    Cabinet du ministre responsable des Services sociaux du Québec
    418-264-4146

    Media Relations
    Health Canada
    613-957-2983
    media@hc-sc.gc.ca

    MIL OSI Canada News

  • MIL-OSI USA: SEC Small Business Advisory Committee to Discuss Approaches to Venture Capital Fundraising and Challenges Facing Emerging Fund Managers

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Wednesday, Nov. 13, 2024. The meeting will include a discussion of how venture capital fund managers are raising capital, including the limits of arm’s length fundraising and challenges facing emerging fund managers. Members of the public can watch the live meeting via webcast on www.sec.gov.

    The committee, which provides advice and recommendations to the Commission on rules, regulations, and policy matters relating to small businesses, will continue its exploration of ways to expand early-stage capital raising by focusing on how certain fund managers, including emerging fund managers and diverse fund managers, are accessing capital. Committee members will hear from Professor Sabrina Howell, from the New York University Stern School of Business, who will present her upcoming academic paper that examines venture capital fund manager use of relationship-based versus arm’s length public advertising approaches to fund-raising. Professor Howell will discuss the advantages and challenges of public advertising for traditionally underrepresented managers.

    Staff members from the SEC’s Division of Investment Management will provide a brief overview of the registration framework applicable to private fund advisers and their funds, including those exemptions from the registration requirements of the Investment Advisers Act of 1940 and the Investment Company Act of 1940, which may be relied upon by emerging fund managers.

    The committee will discuss the challenges that emerging fund managers report facing when seeking to raise investment funds and will hear from Karen Kerr, PhD, Board Member and Charter Class, Kauffman Fellows and Managing Director, Exposition Ventures, about how new fund managers can be supported and promoted through fellowship programs. As part of this discussion, the committee will explore ways to address some of the challenges facing emerging fund managers and consider whether regulatory or other solutions could be undertaken to further support these fund managers and the early-stage companies in which these managers invest.

    The full agenda, meeting materials, and information on how to watch the meeting are available on the committee webpage.

    MIL OSI USA News

  • MIL-OSI Security: Chair of the NATO Military Committee: ‘Finland will never again navigate the darkness alone.’

    Source: NATO

    On 24 and 25 October 2024 Chair of the NATO Military Committee Admiral Bauer visited Finland, upon the invitation of its Chief of Defence General Janne Jaakkola. Admiral Bauer’s visit underscored the value of Finland as a NATO Ally and the important contributions it provides to NATO’s deterrence and defence.

    On Thursday 24 October, Admiral Bauer visited the Guards Jaeger Regiment and met with Finnish Defence Support Association members. This gave the opportunity to engage with members and meet current Finnish conscripts.

    In the evening, Admiral Bauer addressed the Finnish National Defence Course Association. This association brings together leaders from across society Finnish society who complete a prestigious national course covering in-depth topics of security and defence. Admiral Bauer’s speech praised the spirit of resilience engraved in Finland’s national defence and emphasised what NATO can learn from Finland’s Comprehensive Security Strategy and Total Defence Concept. 

    Admiral Bauer took the opportunity to discuss Finland’s transition to NATO membership, and looked ahead to the future of its membership in the Alliance. The Chair of the NATO Military Committee stated “Finland’s movement into NATO is a transition, not a transformation. It is an opportunity to inspire Allies, whilst embracing a posture of international resilience. I urge you all to hold the spirit of ‘sisu’ as a firebrand leading the way as you carve out this new path. Knowing that there are friends on either side. And that you need never again navigate the darkness alone.”

    On Friday 25 October, Admiral Bauer met with Prime Minister Petteri Orpo, Minister of Foreign Affairs Elina Valtonen, Minister of Defence Anti Häkkänen and the Finnish Parliamentary Defence Committee. These engagements allowed Admiral Bauer the opportunity to discuss strategic developments in NATO’s deterrence and defence and the need for continued support for Ukraine. In his engagements with the Finnish political and military leadership, Admiral Bauer praised the strength that Finland’s membership brings to NATO. Admiral Bauer commended the synergy of Finland’s civilian and military infrastructures and sectors in contributing towards societal resilience. He also underscored the crucial role of defence industries in Allied deterrence and defence.

    MIL Security OSI

  • MIL-OSI Security: Georgia Woman Sentenced to 12 Years in Prison for $30M COVID-19 Unemployment Fraud Scheme and Firearms Charge

    Source: Office of United States Attorneys

    A Georgia woman was sentenced yesterday for her role in a scheme to defraud the Georgia Department of Labor (GaDOL) out of tens of millions of dollars in benefits meant to assist unemployed individuals during the COVID-19 pandemic.

    Tyshion Nautese Hicks, 32, of Vienna, was sentenced to 12 years in prison, three years of supervised release, and ordered to pay restitution in an amount to be determined at a later date. Hicks’ total sentence includes a penalty of three consecutive years in prison, imposed yesterday in relation to a separate charge of illegal possession of a machine gun prosecuted by the U.S. Attorney’s Office for the Middle District of Georgia.

    According to court documents and evidence presented in court, from March 2020 through November 2022, Hicks and her co-conspirators caused more than 5,000 fraudulent unemployment insurance (UI) claims to be filed with the GaDOL, resulting in at least $30 million in stolen benefits.

    “In one of the largest COVID fraud schemes ever prosecuted, the defendant and her coconspirators filed more than 5,000 fraudulent COVID unemployment insurance claims using stolen identities and unlawfully obtained more than $30 million in benefits,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “In doing so, the defendant and her co-conspirators exploited a program designed to alleviate pandemic-related economic hardship to enrich themselves at the expense of federal taxpayers. Yesterday’s sentence underscores the department’s commitment to investigating and prosecuting those who steal from the public fisc.”

    To execute the scheme, Hicks and others created fictitious employers and fabricated lists of purported employees using personally identifiable information (PII) from thousands of identity theft victims and filed fraudulent unemployment insurance claims on the GaDOL website. The co-conspirators obtained PII for use in the scheme from a variety of sources, including by paying an employee of an Atlanta-area health care and hospital network to unlawfully obtain patients’ PII from the hospital’s databases, and by purchasing PII from other sources over the internet. Using victims’ PII, Hicks and her co-conspirators caused the stolen UI funds to be disbursed via prepaid debit cards mailed to addresses of their choice, many of which were in and around Cordele and Vienna. Hicks additionally paid a local U.S. Postal Service (USPS) carrier to unlawfully divert mail containing debit cards loaded with over $512,000 in fraud proceeds to her and coached another co-conspirator on how to create her own fictitious employer account via Facebook Messenger.

    In February, Hicks pleaded guilty to one count of conspiracy to commit mail fraud and one count of aggravated identity theft. Seven of Hicks’ co-conspirators have previously pleaded guilty or been sentenced in the investigation.

    “Tyshion Nautese Hicks and her co-conspirators used the stolen PII of unwitting victims to file numerous fraudulent claims for UI benefits with the Georgia Department of Labor,” said Special Agent in Charge Mathew Broadhurst of the U.S. Department of Labor, Office of Inspector General (DOL-OIG) Southeast Regional Office. “We will continue to work with our federal and state law enforcement partners to safeguard UI benefit programs for those who need them.”

    “The sentence received by the defendant is the outcome of IRS Criminal Investigation’s commitment to investigating and prosecuting those who attempt to defraud various agencies by filing fraudulent claims using another person’s identifying information,” said Special Agent in Charge Demetrius Hardeman of the IRS Criminal Investigation (IRS-CI) Atlanta Field Office.

    “Postal Inspectors will continue to work with our law enforcement partners to hold individuals accountable for engaging in fraudulent schemes to manipulate the COVID-19 program for their own financial gain,” said Inspector in Charge Tommy D. Coke of the U.S. Postal Inspection Service (USPIS) Atlanta Division. “The sentencing should serve as a deterrence and shows that this type of behavior will not be tolerated.”

    “Yesterday’s sentencing underlines our commitment to holding those who exploit federal relief programs for personal gain accountable,” said Special Agent in Charge Jonathan Ulrich of the USPS Office of Inspector General (USPS-OIG). “As proven in this case, our criminal investigators along with our law enforcement partners will work together and diligently pursue anyone who attempts to exploit programs created to help legitimate people and businesses affected by the global pandemic.”

    “Hicks chose to commit fraud, further depleting limited funds designated to help individuals struggling to survive during the pandemic,” said Special Agent in Charge Frederick D. Houston of the U.S. Secret Service (USSS) Atlanta Field Office. “She and her co-conspirators also stole the personally identifiable information, caring only about self-enrichment, not the lives adversely affected. This case signifies our commitment to protect citizens and businesses from fraud and identity theft. We will continue to work with our local, state, and federal law enforcement partners to prosecute those who abuse these programs.”

    “Homeland Security Investigations will aggressively pursue those who exploit unemployment benefits meant for those in need, ensuring that justice is served, and resources are preserved for legitimate claimants,” said Acting Special Agent in Charge Steven N. Schrank of the Homeland Security Investigations (HSI) Atlanta Office.

    “Yesterday’s sentencing sends a clear message that those committing fraud will be held accountable,” said Inspector General Joseph V. Cuffari of the Department of Homeland Security Office of Inspector General (DHS-OIG). “DHS-OIG and our law enforcement partners will continue to prioritize protecting our country from these kinds of schemes.”

    DOL-OIG, IRS-CI, USPS-OIG, USPIS, USSS, HSI, and DHS-OIG investigated the case.

    Trial Attorneys Lyndie Freeman, Siji Moore, Matthew Kahn, and Andrew Jaco of the Criminal Division’s Fraud Section prosecuted the fraud case.

    On May 17, 2021, Attorney General Merrick B. Garland established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Justice Department in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the department’s response to the pandemic, please visit www.justice.gov/coronavirus.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud (NCDF) Hotline via the NCDF Web Complaint Form at www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form

    MIL Security OSI

  • MIL-OSI Global: The best horror movie you’ve never seen

    Source: The Conversation – USA – By Scott Malia, Associate Professor of Theatre, College of the Holy Cross

    In ‘Trick ‛r Treat,’ Sam wreaks havoc on characters who betray Halloween traditions. Legendary

    It’s scary movie season, a time when many people watch films about zombies, serial killers, werewolves, magic and mysterious monsters who are impossible to kill.

    However, as far as I know, there’s only one film that features all of those elements – and you’ve probably never seen it.

    Made in 2007, “Trick ‛r Treat” consists of four interconnected horror stories, each about 15 to 20 minutes long, that all take place on a single Halloween night.

    While characters from one story sometimes appear in other segments, the unifying force in the film is Sam, a mysterious creature wearing a burlap mask. He takes umbrage whenever a character disrespects a Halloween tradition, whether it’s by scaring away trick-or-treaters or blowing out a jack-o’-lantern before Halloween is over. Each meets a gruesome end.

    Horror buffs eventually discovered the film. Today, it’s hailed as a modern classic.

    ‘Trick ‛r Treat’ ended up forgoing a theatrical run.

    What went wrong?

    “Trick ‛r Treat” was produced by a major studio, Warner Bros. It featured A-list stars, such as Brian Cox and Oscar-winner Anna Paquin. It was produced by Bryan Singer, who was known for churning out hits such as “X-Men” and “The Usual Suspects.” And though its director, Mike Dougherty, was making his directorial debut, he had worked as a screenwriter on films such as “X2: X-Men United” and “Superman Returns.”

    Despite all of these credentials, the film’s theatrical release was delayed from fall 2007 to 2008. Then a theater run was canceled altogether, with Warner Bros. finally releasing it on video in 2009.

    The studio never gave an official reason for pulling the theatrical release; however, some critics have speculated that the box office success of the “Saw” franchise and Rob Zombie’s “Halloween” remake were factors.

    Other reports suggest that the film’s anthology format, its mixture of horror and comedy, and a plot featuring murdered children made it too hard a sell.

    Given the cost of marketing and promoting “Trick ‛r Treat” to a nationwide audience, perhaps the risk wasn’t worth it for a film with a relatively small US$5 million budget. Dougherty himself said these hang-ups constituted a “perfect storm”, suggesting that no one development sealed the film’s fate.

    Michael Dougherty’s film included a number of elements that became mainstays of the genre – he was just a bit early to the game.
    Robyn Beck/AFP via Getty Images

    Bypassing the box office

    As recently as a decade ago, films released directly to DVD were viewed as flops or cash grabs. In fact, there’s an entire subgenre called “mockbusters” – low-budget rip-offs of studio films, such as “Transmorphers,” which tried to piggyback the success of the “Transformers” franchise, and “Atlantic Rim,” which attempted to do the same for the 2013 blockbuster “Pacific Rim.”

    Then there are direct-to-video sequels meant to capitalize off hits. Disney made a lot of money in the late 1990s and early 2000s producing widely panned, direct-to-video animated features such as “The Return of Jafar” and “Pocahontas II: Journey to a New World.”

    But second lives for films that were initially snubbed or ignored are nothing new.

    The Boondock Saints” was briefly screened in a handful of theaters for a single week in 1999 before being dumped into the video market. Only then did viewers find it, and it became a cult favorite that eventually begat a sequel.

    The stigma of direct-to-video release has diminished over the past decade thanks to the rise of streaming, in which content made directly for home viewing can receive critical acclaim and attract subscribers.

    Actor Nicolas Cage has made a cottage industry of this format. While some have attributed his massive output in the past decade to his financial difficulties, Cage’s films “Joe” (2013), “Mandy” (2018) and “Pig” (2021) have all received critical acclaim, despite sometimes only running in a handful of theaters for a week before their release into streaming markets and video on demand.

    It’s this sort of tradition that led to the rediscovery of “Trick ‛r Treat.”

    Nicolas Cage attends the special screening of ‘Mandy’ in 2018.
    Paul Archuleta/FilmMagic via Getty Images.

    Hipster horror

    The appeal of “Trick ‛r Treat” is rooted in its subversion of horror tropes.

    For example, women and children, who’ve historically served as victims in the genre, have a lot more agency in Dougherty’s Halloween tale. In fact, the mysterious Sam was played by Quinn Lord, who was only 8 years old when the film was shot. In the film, the character’s origin, age and gender remain undefined since Sam is masked or covered in prosthetics for the entire film, blurring the line between human and monster.

    In addition, the film’s complex structure, which some speculated might have hurt its chances for commercial success, helped fuel the film’s critical praise. Dougherty called it “‘Pulp Fiction’ meets ‘Halloween,’” a nod to the interlocking structure of Quentin Tarantino’s breakout film and the setting of John Carpenter’s horror staple, which also unfolds over one Halloween night.

    It has become somewhat of a cliché to say that esteemed art, initially overlooked, was “ahead of its time.”

    Still, it would be fair to say that “Trick ‘r Treat” arrived on the cusp of what has been called a “horror renaissance” in the past 15 years. Directors like Jordan Peele, Ari Aster, Robert Eggers and Mike Flanagan have found critical and commercial success by branding themselves as horror auteurs.

    In addition, Peele and directors like Nia Dacosta, who helmed 2021’s “Candyman,” have opened up a brand of horror that deals with social issues and identity. Dougherty’s film also anticipated a trend of horror films with a darkly humorous streak, including Peele’s “Get Out” and David Gordon Green’s reimagined “Halloween” sequels.

    Despite the film’s rocky beginnings, “Trick ‛r Treat” received a belated theatrical release in 2022, which has spurred talk of a potential sequel.

    Dougherty even acknowledges that the film may owe its current popularity to its botched release. While some mainstream films disappear quickly, “Trick ‛r Treat” – currently streaming on Max – reappears every Halloween. Just like Sam.

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

    ref. The best horror movie you’ve never seen – https://theconversation.com/the-best-horror-movie-youve-never-seen-241528

    MIL OSI – Global Reports

  • MIL-OSI Global: Mexico’s Day of the Dead celebrations blend Indigenous customs and European thinking in surprising ways

    Source: The Conversation – USA – By Ezekiel Stear, Assistant Professor of Spanish World Languages, Literatures & Cultures, Auburn University

    In Mexico City, parades on Day of the Dead feature people in colorful costumes. FG Trade Latin/Collection E+ via Getty Images

    Every year, five hours west of Mexico City on Lake Pátzcuaro in Michoacán, residents flock to the island of Janitzio to visit the graves of their departed relatives.

    On the evening of Nov. 1, the Noche de animas, or Night of the Souls in Purgatory, families will bring a meal to share with their ancestors. They will also use the time to clean the graves and decorate them with elaborate displays of candles and marigolds. Some will spend the night sleeping among the tombstones.

    In Mexico City, parades will feature people in colorful customs with large skull masks while skull-shaped floats move through the streets to the rhythm of Aztec drums. Marigolds, skull-painted faces and swishing skirts will fill the downtown from the main square of the Zócalo to Bellas Artes, the Palace of Fine Arts.

    This vibrant scene reflects the blending of Indigenous, European and specifically Mexican customs that define Day of the Dead celebrations today.

    As a scholar of colonial Mexico, I study how Indigenous people have maintained their traditions despite the Spanish invasion. Whereas scholars once thought that these cultures simply blended – a phenomenon called syncretism – researchers today understand more about how Indigenous people intentionally deliberated about which of their own traditions to continue, and how.

    Celebrations for the dead had an important place in Indigenous cultures before the Spanish came. But, as historian James Lockhart explained, the Spanish, in their attempts to impose their religion and customs, often did not recognize what was most important to local cultures. As long as Indigenous celebrations for the dead did not contradict Spanish preaching, they could go unnoticed.

    Indigenous choices

    The immediate effects of the Spanish invasion brought hard choices for Indigenous people. Most of the Indigenous deaths of the conquest came not by the sword, but by epidemic diseases such as smallpox and salmonella, for which the native population had no natural immunity. In the 16th century, whole towns depopulated, and people needed to decide where they would go to find the best opportunities.

    After the Spanish came, around Lake Pátzcuaro, displaced families suffering the effects of European illnesses and the deaths of family members moved to cities and towns. On the shores of the lake and on the island of Janitzio, they continued their customs of sharing harvest produce with the dead.

    Setting aside time to care for the tombs of the dead became a yearly observance during the colonial period. After independence from Spain in 1821, a series of state decrees in Michoacán even encouraged residents to honor the war heroes buried on Janitzio.

    Since the island had already been sacred for hundreds of years, it was a logical site for the veneration of the new heroes of Mexican independence. So, patriotism strengthened the Indigenous tradition of honoring the dead, which was already underway.

    How Indigenous practices survived

    In Mexico City, colonial policies also ironically allowed Indigenous practices to survive. Before the Spanish came, the Aztecs displayed thousands of skulls of sacrificial victims on a skull rack, called the tzompantli.

    In their view, the vital energy released from sacrificed bodies fed the Sun and ensured that the universe continued.

    Aztec ritual human sacrifice.
    Via Wikimedia Commons

    The Aztecs honored many of their sacrificial victims before these rituals with days of feasting, fine clothes, luxury lodging and other pleasures. Each year, during the festival of Miccailhuitontli, the “little feast of the dead” in the ninth month of the Aztec calendar, children were ritually killed. In the tenth month, it was the adults who were sacrificed during the festival of Huey Miccailhuitl, “great feast of the dead.”

    Although Spanish military invaders suppressed these celebrations, they also unintentionally gave the newly colonized Aztecs ways to combine their beliefs with Christian celebrations.

    Franciscans and other religious orders who followed brought the medieval rituals of religious theater and processions as part of their efforts to convert the local people. Both of these highly public medieval practices gathered large numbers of spectators, as Aztec rituals had done before the invasion.

    The Indigenous actors in these plays, themselves recent converts, portrayed pageants during Christmas, Holy Week and other observances.

    While the friars did not plan to draw on Indigenous beliefs, these religious plays had parallels with the preconquest Aztec practice of deity impersonation. For example, before the Spanish came, in the festival of Toxcatl the Aztecs would dress up a specially chosen prisoner as their deity of divination Tezcatlipoca. The impersonator danced and paraded through the city on his way to be sacrificed atop the main temple.

    When Catholic religious theater came to the city, local actors continued to take on the persona they represented to such a degree that one local actor even hanged himself after portraying Judas in a Passion play.

    During the long colonial period, from the 16th to the 18th century, religious processions became a mainstay in the city. Historian Susan Schroeder recounts the chronicles of the Indigenous writer Domingo Chimalpahin about multiple processions as a source of Indigenous communities’ civic pride.

    Over time, taking cues from the “mascaradas” – the large, papier-mâché heads of Spanish processions and festivals – Day of the Dead began featuring enormous, colorful skulls parading through the streets, just feet away from where the Aztecs once displayed human skulls.

    Beyond graves

    Besides the usually cited All Saints’ Day and All Souls’ Day on Nov. 1 and 2, more covert European elements have influenced Day of the Dead practices. One of these is the belief in the soul and an afterlife. Historian Jill McKeever Furst explains that in the Aztec view, only death in battle or during childbirth earned immortality.

    Most people went to Mictlan, the Land of the Dead, releasing their vital energy into the universe and ceasing to exist as individuals. Today, depictions of the living interacting with the dead, singing to or talking with them, such as in the movie “Coco,” likely reflect adapted ideas about the afterlife from Christianity, as cultural critic Anise Strong has noted.

    European influences have also shaped home altars with their seven or nine levels, representing layers of underworld, Earth and paradise. Research has revealed that many Indigenous communities in what is now Mexico viewed the universe as flat and placed Mictlan far away from the living, rather than below the Earth.

    Historians Jesper Nielsen and Toke Reunert have noted that it is likely that Indigenous images of the universe as made of three realms, with a reward in the sky, Earth in the middle, and the world of the dead below, come from Dante’s “Divine Comedy”. Dante’s literature depicts the universe in a vertical fashion – from the heights of heaven, through purgatory, Earth and with abysmal hell at the bottom.

    As local people converted, they left horizontal views of the universe and moved toward a positive up and a negative down. The vertical cosmos contrasts with ancestral Indigenous views of the universe as a plane where humans and supernatural beings interacted.

    People gather on the island of Janitzio, Mexico, to clean the graves of their deceased loved ones, decorate them with marigolds and bring baskets with offerings for the Day of the Dead in Mexico.
    Gerardo Vieyra/NurPhoto via Getty Images

    Celebrations continue

    The island of Janitzio on Lake Pátzcuaro and Mexico City show how Indigenous choices helped their traditions survive despite Spanish influence. In the city of Pátzcuaro, sharing food with the dead during harvests continued alongside All Saints’ Day and All Souls’ Day. Meanwhile, in Mexico City, the history of public ritual sacrifice gave way to the religious pageantry of Spain’s Renaissance.

    Today, individuals and groups continue to decide how to celebrate the Day of the Dead. Whether it’s about communicating with the dead, letting go, or believing they remain among the living, the holiday’s strength lies in its ability to hold many meanings.

    As long as Indigenous, Spanish and modern Mexican customs continue in home rituals and public celebrations of past lives, current lives and cultural heritage, the Day of the Dead will be alive and well.

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

    ref. Mexico’s Day of the Dead celebrations blend Indigenous customs and European thinking in surprising ways – https://theconversation.com/mexicos-day-of-the-dead-celebrations-blend-indigenous-customs-and-european-thinking-in-surprising-ways-240619

    MIL OSI – Global Reports

  • MIL-OSI USA: Kennedy in The Hill: Biden admin threatens safety of key military base to appease UN activists

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)

    MADISONVILLE, La. – Sen. John Kennedy (R-La.) penned this op-ed in The Hill questioning the Biden-Harris administration’s decision to allow the United Kingdom to cede sovereignty of the Chagos Islands to Mauritius. Kennedy argued that this deal jeopardizes the safety of a key base on the island of Diego Garcia and benefits the Chinese Communist Party. 

    Key excerpts of the op-ed are below:

    “The importance of the base at Diego Garcia cannot be overstated. Diego Garcia is one of the only bases in the world where our military can reload submarines. The base also houses several Navy ships and long-range bomber aircraft that we use to carry out missions around the world. These key missions have made it a top target of Chinese Communist Party spies.

    “Today, we know our assets on Diego Garcia are secure because the Chagos Islands are a British territory. The United Kingdom controls the island of Diego Garcia and the surrounding water to protect our shared missions.

    “Our secure arrangement, however, just imploded. The United Kingdom announced that it will turn over control of the Chagos Islands to the island nation of Mauritius.”

    . . .

    “This decision wasn’t about righting the wrongs that the United Kingdom supposedly committed against the people of Chagos, though. Chagossians consider themselves an indigenous people. The Chagos Islands and Mauritius—which are more than 1,200 miles apart—speak different versions of Creole and have no shared pre-colonial historic ties. They are, for all practical purposes, strangers.”

    . . .

    “President Biden and Vice President Harris either truly believe that the government of Mauritius has the ability and the courage to stand up to China to ensure the security of Diego Garcia, or they withheld their objections to avoid being criticized by woke United Nations activists if they stood up for the American people’s best interests.”

    . . .

    “The American people deserve to know why President Biden and Vice President Harris allowed this irreversible deal to move forward. Congress must hold the Biden-Harris administration accountable for this short-sighted and dangerous decision. 

    “So, I repeat: Why? Why put American interests at risk? Why help the Chinese Communist Party?”

    Read Kennedy’s full op-ed here.  

    MIL OSI USA News

  • MIL-OSI United Kingdom: Small Community and Heritage Assets Grants Programme to support the city’s heritage

    Source: City of Stoke-on-Trent

    Stoke-on-Trent City Council has launched the Small Community Events and Heritage Assets Grants programme, to support local initiatives that enrich our city’s culture and history.

    The programme, which is funded through a UK Shared Prosperity Fund (UKSPF) grant, is aimed at community groups and heritage enthusiasts and will help secure the city’s heritage assets for future generations as the Centenary year approaches.

    Leader of the city council, Councillor Jane Ashworth, said: “This is a great opportunity for anybody who has a real appreciation for culture and heritage in our city. Community groups are the lifeblood of maintaining a city’s culture, as well as providing education for younger residents and offering innovative ideas to celebrate what our city has achieved and will achieve in the years to come.

    “Applications are now open, and we strongly encourage community groups with a real passion for their home city to get involved. Let us work together for this programme as a community to make Stoke-on-Trent an even more vibrant and culturally rich city than it already is.

    “As we approach our Centenary year it’s more important than ever for us to not only celebrate our rich cultural heritage but how we can preserve it for the future. You could even apply for some money to have a Centenary party.”

    There are two funding streams for successful applicants. The first of these is Small Community Events, which provides a small contribution towards community events. This grant is intended to cover the running costs of not-for-profit community events.

    The second funding stream, Small Heritage Asset Grants, allows applicants to request funding for any repair services, land surveys, and labour costs for restoring or tidying up historical landmarks or breathing new life into long-standing monuments.

    The values of these grants range from £500 to £5,000, which will cover 80 per cent of the total costs for a project, with applicants required to provide the remaining 20 per cent of contributions through revenue funding such as cash donations from online appeals, any associated expenses from hiring a function room or open space for an event, and volunteering time.

    All legally constituted organisations that are based within the boundaries of Stoke-on-Trent City Council can apply.

    Projects will be prioritised based on their alignment with local development strategies; complementing ongoing initiatives to support community and heritage groups in the area; providing a cost-effective opportunity; and encouraging collaboration between organisations sharing the same vision.

    The new grant comes as the city council is launching its ‘fit and proper person test’ to ensure heritage doesn’t fall into the wrong hands. The new ‘One Council’ approach will make sure heritage land and property is best managed to benefit the city, its communities, and residents.

    Councillor Alastair Watson, cabinet member for financial sustainability and corporate resources, said: “As the city council we are guardians of our heritage and this is a responsibility that we take very seriously. 

    “That’s why we’re working to protect our historic buildings and cultural heritage as well as creating opportunities for our communities to be able to access them, and use them, and protect them for future generations.”

    Applications for the Small Community Events and Heritage Assets Grants the must be completed by midnight on Wednesday 27 November 2024.

    If a project is approved, a grant payment will be made to the group manager upon submission of a claim form alongside proof of any project expenditures. After further approval by the programme team, the project lead will then receive their grant via an electronic payment.

    To request an application pack or for any other questions about the application process for this programme, please contact Angela Halls by emailing angela.halls@stoke.gov.uk.

    You can read more information about the Small Community and Heritage Assets Grant programme by visiting https://www.stoke.gov.uk/grants.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Birmingham City Council calls for action over national £2.2 billion council housing budget black hole

    Source: City of Birmingham

    Birmingham City Council today urges government to act now on England’s “broken council housing finances”, including “unsustainable” levels of debt previously given to councils by government.

    It joins local authorities from across England calling for action ahead of next week’s Autumn Budget.

    A report this autumn – Securing the Future of Council Housing – backed by more than 100 councils, highlighted that our national council housing system is in crisis, with finances pushed to the brink by past national policy decisions.

    Today Birmingham City Council has signed a joint statement urging Government to help turn things round.

    “The new government’s commitment to a ‘council housing revolution’ is a huge step forward for communities across our country,” says the statement.

    “The Chancellor’s first Budget and spending review are a once-in-a- generation opportunity to fix England’s broken council housing finances.

    “The last government tore up its 2012 council housing settlement and left local government with a £2.2 billion black hole in housing budgets.

    “Our report urges the new government to turn this round, investing in urgently needed new council homes, addressing the unsustainable debt previously allocated to councils and creating a Green and Decent Homes Programme, so together we can deliver the more and better council homes and growth that communities up and down the country so desperately need.”

    Councillor Jayne Francis, Birmingham City Council’s Cabinet Member for Housing and Homelessness, said:

    “Council homes are so much more than bricks and mortar – they are a cornerstone of a better life.

    “But our country’s council housing is in crisis – policy decisions over the past decade have pushed finances to the brink and undermined the sustainability of the system. In Birmingham, the demand for accommodation has never been higher. Currently, Birmingham has around 25,000 people on the housing register seeking a home.

    “I see every day how council homes change lives for the better. Having a quality home to call your own gives people the stable platform they need to live a healthy life and to live it well. We want everyone in Birmingham to live in a warm, safe, sustainable home.

    “We’re calling for government to take this once-in-a-generation chance to fix England’s broken council housing finances, address unsustainable debt, and help us to make sure future generations in Birmingham have the council homes they need.”

    Securing the Future of Council Housing was supported by 109 councils across England, led by Southwark Council.

    It highlighted that without urgent action a £2.2bn black hole in councils’ housing budgets is expected by 2028.

    MIL OSI United Kingdom

  • MIL-OSI Canada: The Government of Canada invests in a clean economy for Nova Scotia

    Source: Government of Canada News (2)

    News release

    October 25, 2024      Cape Breton, Nova Scotia        Transport Canada

    In Canada, the transportation sector is the second largest source of greenhouse gas (GHG) emissions. The Government of Canada is working to reduce these emissions through initiatives like the creation of green shipping corridors.

    Today, the Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard and Member of Parliament of Cape Breton—Canso, Mike Kelloway, on behalf of the President of the Treasury Board and Minister of Transport, the Honourable Anita Anand, announced up to $22.5 million for EverWind Fuels. This funding, provided under the Green Shipping Corridor Program, will allow them to:

    • purchase a loading arm to fuel and fill ships with green ammonia;
    • build a pipeline to transport green ammonia from the production facility to the transport terminal; and
    • buy three tugboats and improve the dock to help move and load ships safely.

    Investments through the Green Shipping Corridor Program decarbonize the marine sector and encourage ports to adopt clean energy, while preparing them to support exports of clean fuels like ammonia.

    Reducing emissions from all modes of transportation is a key part of the Government of Canada’s plan to fight climate change. Smart climate investments like this are good for Canadian workers, good for the Canadian economy, and good for the planet. A clean transportation sector will create good, well-paying jobs for Canadians and strengthen the middle-class.

    Quotes

    “As we continue to face the growing challenges of climate change, it’s crucial that we take bold steps to reduce emissions and protect our environment. This investment in EverWind Fuels is a key part of our strategy to build a cleaner, more sustainable future for Canada’s economy.”

    The Honourable Anita Anand
    President of the Treasury Board and Minister of Transport

    “Today’s announcement highlights the Government of Canada’s ongoing commitment to reduce emissions and tackle climate change. By investing in innovative solutions at our ports, we are not only tackling climate change but also ensuring that Canada remains a leader in clean transportation. This is good news for Nova Scotians, and good news for Canadians.”

    Mike Kelloway
    Parliamentary Secretary to the Minister of Fisheries, Oceans, and the Canadian Coast Guard, and Member of Parliament for Cape Breton—Canso

    Quick facts

    • The Green Shipping Corridor Program provides funding for projects that contribute to the establishment of green shipping corridors and the decarbonization of the marine sector along the Great Lakes, the St. Lawrence Seaway, as well as Canada’s East and West Coasts. The program:

      • removes barriers to the adoption of emission reducing equipment and infrastructure;
      • incentivizes industry-led partnerships and investments to accelerate the adoption of greenhouse gas emission-reduction technologies and infrastructure;
      • decreases the risks of investments made to increase the technology-readiness level of low carbon and zero-emission ship technology and marine fuels for the domestic vessel fleet; and
      • builds capacity among Canadian vessel owner/operators with respect to their ability to identify, plan and implement next generation low carbon and zero-emission ship technology and marine fuels into their vessel operations.

    Associated links

    Contacts

    Laurent de Casanove
    Press Secretary
    Office of the Honourable Anita Anand
    Minister of Transport, Ottawa
    laurent.decasanove@tc.gc.ca

    Media Relations
    Transport Canada, Ottawa
    media@tc.gc.ca
    613-993-0055

    MIL OSI Canada News

  • MIL-OSI Canada: Federal government invests nearly $350,000 in active transportation in the Outaouais region

    Source: Government of Canada News (2)

    News release

    Chelsea, Quebec, October 25, 2024 — Outaouais residents will have access to safer active transportation options thanks to an investment of nearly $350,000 from the federal government to support nine active transportation planning and awareness projects led by MOBI-O, the Centre de gestion des déplacements de l’Outaouais et de l’Abitibi-Témiscamingue.

    Announced by MP for Pontiac Sophie Chatel, Mayor of Gatineau Maude Marquis-Bissonnette, Mayor of Chelsea Pierre Guénard and Mayor of Cantley David Gomes, these projects will benefit the Outaouais people by increasing the safety and accessibility of active transportation in the region.

    An investment of nearly $250,000 will enable the development of school travel plans for nine schools:

    • One high school in the City of Gatineau (Polyvalente Nicolas-Gatineau);
    • Two elementary schools in the Centre de services scolaires au Cœur-des-Vallées;
    • Five elementary schools and one high school in the Centre de services scolaires des Haut-Bois-de-l’Outaouais.

    The development of a local transportation plan for the municipalities of Chelsea and Cantley and the deployment of the “Going to school on foot or by bike, I can do it!” campaign for schools in the Centre de services scolaires des Haut-Bois-de-l’Outaouais and the La Pêche territory are also planned.

    Today’s investment will also be used to organize an awareness campaign to promote active transportation by bicycle on the City of Gatineau’s territory and to identify strategic locations in Gatineau for the future installation of bicycle parking facilities and repair stations (bicibornes). These projects will go a step further in meeting the current needs of Gatineau’s cyclists, while increasing the use of bicycles for utilitarian and recreational purposes.

    This investment contributes to Canada’s National Active Transportation Strategy by supporting planning and awareness activities. These activities help promote the benefits of active transportation and increase opportunities for Canadians to use it. It’s a big step towards healthier living and building resilient communities, making a better-connected Canada for us all.

    Quotes

    “Strategic investments in active transportation foster inclusive and sustainable communities. Today’s announcement will help communities in the Outaouais region put in place safe and accessible active transportation options to enable residents to walk or bike to access schools and easily get around important areas of their communities.”

    Sophie Chatel, Member of Parliament for Pontiac, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

    “Thanks to this investment by the federal government and the work of MOBI-O, Gatineau will benefit directly from initiatives that meet the growing need to improve the safety and accessibility of active transportation within its region. These projects are a perfect reflection of our commitment to sustainable mobility while contributing to the quality of life of Gatineau residents.”

    Maude Marquis-Bissonnette, Mayor of Gatineau

    “We are delighted with the collaboration with MOBI-O and the federal financial support for the development of a local travel plan in Chelsea. This project aims to improve safety and access for residents, especially children, to the elementary school and village. Thanks to this joint commitment, we will be putting in place appropriate, sustainable infrastructures to ensure safe travel, while promoting active mobility. This plan represents an essential investment in the well-being of our community and the safety of future generations.”

    Pierre Guénard, Mayor of Chelsea

    “Active transportation is essential in Cantley and we are very pleased to be part of this joint initiative that promotes safe travel for all our citizens on our beautiful territory.”

    David Gomes, Mayor of Cantley

    “MOBI-O is proud to have obtained this funding, which represents a significant step forward for sustainable mobility in the Outaouais region. Thanks to these fundings and our valuable partnerships with municipalities and school service centres, we are able to support communities in implementing concrete solutions to encourage active mobility. These initiatives will help improve the quality of life of all citizens, while strengthening equity, health and sustainable development in our region.”

    Émilie Rachiele-Tremblay, Assistant Executive Director of MOBI-O

    Quick facts

    • The federal government is investing $348,938 in these projects through the Active Transportation Fund (ATF). MOBI-O is contributing $10,000 with $212,000 coming from other contributors.

    • Active transportation refers to the movement of people or goods powered by human activity. It includes walking, cycling and the use of human-powered or hybrid mobility aids such as wheelchairs, scooters, e-bikes, rollerblades, snowshoes, cross-country skis, and more.

    • In support of Canada’s National Active Transportation Strategy, the Active Transportation Fund is providing $400 million over five years, starting in 2021, to make travel by active transportation easier, safer, more convenient, and more enjoyable.

    • The National Active Transportation Strategy is the country’s first coast-to-coast-to-coast strategic approach for promoting active transportation and its benefits. The strategy’s aim is to make data-driven and evidence-based investments to build new and expanded active transportation networks, while supporting equitable, healthy, active, and sustainable travel options.

    • Investing in active transportation infrastructure provides many tangible benefits, such as creating good middle-class jobs, strengthening the economy, promoting healthier lifestyles, ensuring everyone has access to the same services and opportunities, cutting air and noise pollution, and reducing greenhouse gas emissions. 

    • The new Canada Public Transit Fund (CPTF) will provide an average of $3 billion a year of permanent funding to respond to local transit needs by enhancing integrated planning, improving access to public transit and active transportation, and supporting the development of more affordable, sustainable, and inclusive communities. 

    • The CPTF supports transit and active transportation investments in three streams: Metro Region Agreements, Baseline Funding, and Targeted Funding.

    • We are currently accepting Expression of Interest submissions for Metro-Region Agreements and Baseline Funding. Visit the Housing, Infrastructure and Communities Canada website for more information.

    Related products

    Associated links

    Contacts

    For more information (media only), please contact:

    Sofia Ouslis
    Press Secretary
    Office of the Minister of Housing, Infrastructure and Communities
    Sofia.ouslis@infc.gc.ca

    Media Relations
    Housing, Infrastructure and Communities Canada
    613-960-9251
    Toll free: 1-877-250-7154
    Email: media-medias@infc.gc.ca
    Follow us on XFacebookInstagram and LinkedIn
    Web: Housing, Infrastructure and Communities Canada

    Émilie Rachiele-Tremblay
    Assistant Executive Director
    MOBI-O
    819-205-2085, ext. 104
    emilie.rachiele@mobi-o.ca

    Laurent Lavallée
    Communications Director
    City of Gatineau
    613-606-7242
    lavalle.laurent@gatineau.ca

    Ghislaine Grenier
    Interim Communications Officer
    Municipality of Chelsea
    819-827-1124, ext. 202
    g.grenier@chelsea.ca

    Johanne Albert-Cardinal
    Communications Officer
    Municipality of Cantley
    819-827-3434, ext. 6838
    communications@cantley.ca

    MIL OSI Canada News

  • MIL-OSI Security: United States Attorney Announces Election Officer for the District of Arizona

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    PHOENIX, Ariz. – United States Attorney Gary M. Restaino announced today that Assistant United States Attorney (AUSA) Sean Lokey will lead the efforts of his Office in connection with the Justice Department’s nationwide Election Day Program for the upcoming November 5, 2024, general election. AUSA Lokey has been appointed to serve as the District Election Officer for the District of Arizona, and in that capacity is responsible for overseeing the District’s handling of election day complaints of voting rights concerns, threats of violence to election officials or staff, and election fraud, in consultation with Justice Department Headquarters in Washington. Lokey has served in this role since the 2020 election cycle.

    United States Attorney Restaino stated: “It takes a village to ensure that every eligible voter can cast a ballot easily and efficiently, without interference or discrimination, and with confidence their vote will be counted. This Office and our federal partners have worked collaboratively with Arizona state and local law enforcement, state and local elections officials, and other first responders of democracy like All Voting is Local, the Arizona State Bar and the Arizona Prosecuting Attorney’s Advisory Council, preparing for a smooth and safe election. We thank the many civic leaders who have sat with us in educational panels, tabletop exercises, and security discussions.”

    The Department of Justice has an important role in deterring and combatting discrimination and intimidation at the polls, threats of violence directed at election officials and poll workers, and election fraud. The Department will address these violations wherever they occur. The Department’s longstanding Election Day Program furthers these goals and also seeks to ensure public confidence in the electoral process by providing local points of contact within the Department for the public to report possible federal election law violations.

    Federal law protects against such crimes as threatening violence against election officials or staff, intimidating or bribing voters, buying and selling votes, impersonating voters, altering vote tallies, stuffing ballot boxes, and marking ballots for voters against their wishes or without their input. It also contains special protections for the rights of voters, and provides that they can vote free from interference, including intimidation, and other acts designed to prevent or discourage people from voting or voting for the candidate of their choice. The Voting Rights Act protects the right of voters to mark their own ballot or to be assisted by a person of their choice (where voters need assistance because of disability or inability to read or write in English).

    “Democracy demands action to protect voters’ rights, and to disrupt the efforts of those individuals and entities who seek to deny those rights,” said U.S. Attorney Restaino. “In order to respond to complaints of voting rights concerns and election fraud during the upcoming election, and to ensure that such complaints are directed to the appropriate authorities, AUSA/DEO Lokey will be on duty in this District while the polls are open. He can be reached by the public at the following telephone number: 602-514-7516.”

    In addition, the FBI will have special agents available in each field office and resident agency throughout the country to receive allegations of election fraud and other election abuses on election day. The local FBI field office can be reached by the public by phone at 623-466-1999 or online at https://tips.fbi.gov/.

    Complaints about possible violations of the federal voting rights laws can be made directly to the Civil Rights Division in Washington, D.C. by phone at 800-253-3931 or by complaint form at https://civilrights.justice.gov/.

    “Ensuring free and fair elections takes a commitment from all Americans,” noted United States Attorney Restaino. “It is important that those who have knowledge about barriers to voting rights or of specific instances of fraud by individual voters make that information available to the Department of Justice.”

    Please note, however, that in the case of a crime of violence or intimidation, you should call 911 immediately before contacting federal authorities. State and local police have primary jurisdiction over polling places, and almost always have faster reaction capacity in an emergency.
     

    RELEASE NUMBER:    2024-139_Arizona-General-Election

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/
    Follow the U.S. Attorney’s Office, District of Arizona, on X @USAO_AZ for the latest news.

    MIL Security OSI

  • MIL-OSI: Correction: Invesco Ltd: Form 8.3 – DS Smith PLC; Public dealing disclosure

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1. KEY INFORMATION  
       
    (a) Full name of discloser: Invesco Ltd.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
       
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree
    Smith (DS) plc  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    24.10.2024  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”
    Yes, International Paper Company  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: 10p Ordinary GB0008220112  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 5,959,851 0.43      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 5,959,851 0.43      
    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

     
       
       
    (b) Rights to subscribe for new securities (including directors’ and other employee options)  
       
    Class of relevant security in relation to which subscription right exists:    
    Details, including nature of the rights concerned and relevant percentages:    
       
    3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE  
       
    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

     
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
    10p Ordinary GB0008220112 Sale 86 4.78 GBP  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
            
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
     
    None  
       
    (b) Agreements, arrangements, or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 25.10.2024  
    Contact name Philippa Holmes  
    Telephone number +441491417447  
       

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI: QPR Software Plc’s Financial Reporting in 2025

    Source: GlobeNewswire (MIL-OSI)

    QPR SOFTWARE PLC                STOCK EXCHANGE RELEASE      October 25, 2024, at 5:00 p.m. EET

    In this stock exchange release, QPR Software Plc presents its financial calendar for 2025, including the planned publication dates for financial reports.

    QPR will publish three interim reports in 2025:

    • Interim Report for January–March 2025 on Thursday, April 24, 2025
    • Half-year Financial Report for January–June 2025 on Friday, July 18, 2025
    • Interim Report for January–September 2025 on Friday, October 31, 2025

    QPR Software’s financial statement bulletin, activity report, audit report, and report on the corporate governance system for the financial year 2024 will be published on Friday, February 14, 2025.

    The annual report for 2024 will be published on Friday, April 3, 2025.

    QPR’s Annual General Meeting for 2025 is planned to be held on Wednesday, June 18, 2025. The Board of Directors convenes the Annual General Meeting with a invitation to be published later.

    For further information:

    Heikki Veijola

    Chief Executive Officer

    QPR Software Plc

    Tel. +358 40 922 6029

    QPR Software in Brief

    QPR Software (Nasdaq Helsinki) is a leading player in the Digital Twin of an Organization (DTO) use case and one of the most advanced process mining software companies in the world. The company innovates, develops, and delivers software for analyzing, monitoring, and modeling organizational operations. Additionally, QPR provides consulting services to ensure its customers derive full benefits from the software and associated methodologies.

    www.qpr.com

    DISTRIBUTION

    Nasdaq Helsinki

    Key medias

    www.qpr.com

    The MIL Network

  • MIL-OSI: Commercial National Financial Corporation Reports 3rd Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    ITHACA, Mich., Oct. 25, 2024 (GLOBE NEWSWIRE) — Commercial National Financial Corporation (Pink Sheets: CEFC) reported net income for the third quarter of 2024 of $1,408,000 or $0.36 per share compared to third quarter 2023 net income of $1,702,000 or $0.43 per share. Return on Equity (ROE) was 11.32% for the third quarter of 2024 compared to 15.42% for the third quarter of 2023.

    Net interest income for the third quarter of 2024 increased by $107,000 or 2.3% compared to the respective 2023 period. Interest income increased by $288,000 due to higher yields on loans and other interest-earning assets, while interest expense only increased by $181,000. Non-interest income remained relatively consistent at $550,000. Operating expenses increased by $255,000 or 7.8% mainly due to higher wages and benefits expense.

    Total assets were $574.3 million as of September 30, 2024 compared to $587.8 million as of September 30, 2023. The decrease in assets was due to the repayment of wholesale borrowings and trust preferred debt, along with a 0.7% decrease in deposit balances. The security portfolio decreased by $18.3 million, as funds from matured securities were used to repay wholesale borrowings. While total loans decreased by $6.9 million or 1.7%, loan quality remained strong with a non-performing assets ratio of 0.21%. Additionally, CEFC’s wholly owned subsidiary, Commercial Bank, remains significantly above “well capitalized” for regulatory purposes.

    Our new banking office in Grand Rapids was opened earlier this year and we are excited to offer our full banking services to the Grand Rapids community.

    Visit www.commercial-bank.com to view the latest news releases and other information about CEFC and Commercial Bank.

                 
                 
    Selected Financial Data (unaudited):
      Three Months Ended   Nine Months Ended
      Sep 30, 2024   Sep 30, 2023   Sep 30, 2024   Sep 30, 2023
    Return on Equity (ROE)   11.32%     15.42%     11.09%     14.77%
    Return on Assets (ROA)   0.98%     1.14%     0.92%     1.06%
    Net Interest Margin   3.47%     3.25%     3.37%     3.25%
               
      Sep 30, 2024   Sep 30, 2023        
    Non-Performing Assets Ratio   0.21%     0.16%        
    Tier 1 Leverage Capital Ratio(1)   10.17%     9.49%        
    Total Risk-Based Capital Ratio(1)   16.35%     15.58%        
    Book Value Per Share   $12.80     $10.73        
    Market Value Per Share   $9.03     $7.99        
    (1) Ratios are for Commercial Bank              
                   
                   
    Consolidated Statements of Income (unaudited):
      Three Months Ended   Nine Months Ended
      Sep 30, 2024   Sep 30, 2023   Sep 30, 2024   Sep 30, 2023
    Interest Income $ 6,744,483     $ 6,456,258     $ 20,069,571     $ 18,812,071  
    Interest Expense   2,067,285       1,886,333       6,322,485       5,011,890  
    Net Interest Income   4,677,198       4,569,925       13,747,086       13,800,181  
    Provision for credit losses   229       (217,000 )     (38,972 )     (108,000 )
    Non-interest income   549,612       554,697       1,700,596       1,542,498  
    Operating Expenses   3,518,227       3,263,220       10,668,945       9,723,511  
    Income before taxes   1,708,354       2,078,402       4,817,709       5,727,168  
    Income tax expense   300,020       376,900       836,080       1,012,663  
    Net Income $ 1,408,334     $ 1,701,502     $ 3,981,629     $ 4,714,505  
                   
    Net Income per share – diluted $ 0.36     $ 0.43     $ 1.00     $ 1.19  
    Dividends declared $ 0.14     $ 0.14     $ 0.42     $ 0.42  
                   
                   
    Consolidated Balance Sheets (unaudited):
               
      Sep 30, 2024   Sep 30, 2023        
    Assets              
    Cash and cash equivalents $ 55,606,415     $ 42,306,192          
    Time deposits with other banks   1,992,000       4,482,000          
    Securities   77,226,328       95,491,438          
    Loans   407,594,529       414,449,979          
    Allowance for credit losses   (3,528,332 )     (3,647,087 )        
    Loans, net   404,066,197       410,802,892          
    Premises and equipment, net   10,092,279       8,819,331          
    Other assets   25,285,806       25,886,826          
    Total Assets $ 574,269,025     $ 587,788,679          
                   
    Liabilities              
    Deposits $ 505,613,266     $ 509,123,260          
    FHLB borrowings   4,000,000       19,000,000          
    Trust preferred   10,310,000       13,403,000          
    Other liabilities   3,598,596       3,699,482          
    Total Liabilities   523,521,862       545,225,742          
                   
    Equity              
    Total Equity   50,747,163       42,562,937          
    Total Liabilities and Equity $ 574,269,025     $ 587,788,679          
                   

    Contact:
    Benjamin Z. Ogle
    CFO
    989-875-5562

    The MIL Network

  • MIL-OSI Video: Bear Grylls visits Marines

    Source: US Marines (video statements)

    Bear Grylls, an adventurer and television presenter, tours the Pentagon and meets with Marines in Arlington, VA, Oct. 22, 2024.

    Bear Grylls served in the British Army’s Special Air Service and is an honorary Colonel in the Royal Marines.

    https://www.youtube.com/watch?v=NqIiLvxbs2E

    MIL OSI Video

  • MIL-OSI USA: Valadao, Steel Lead Call to Delay Vote to Raise California Gas Prices

    Source: United States House of Representatives – Congressman David G. Valadao (California)

    WASHINGTON – Today, Reps. David G. Valadao (CA-22) and Michelle Steel (CA-45) led the entire California Republican Congressional delegation in a letter to the California Air Resources Board (CARB) requesting they delay their upcoming November 8th vote on amendments to the Lower Carbon Fuel Standard (LCFS) until the public is provided with transparency on how these changes will impact gas prices. In September 2023, CARB reported that these changes could raise prices by 47 cents per gallon in 2025. CARB has since walked back this analysis and refused to provide an updated cost analysis.

    “Californians are already paying the highest gas prices in the nation because of our state’s gas tax,” said Congressman Valadao. “It is unacceptable that unelected bureaucrats at CARB are attempting to quietly pass new rules that will raise gas prices even more for Central Valley families. I strongly urge CARB to delay this vote until they provide a full and complete analysis of how their actions will impact gas prices for consumers.”

    “Governor Newsom’s bureaucracy in Sacramento continues to make life unaffordable for Californians without considering input from affected citizens. State agencies should not be enacting new regulations raising our cost of living by dramatically increasing already-high gas prices,” said Congresswoman Steel. “CARB must delay their November 8 vote and study the impact their regulations will have on all Californians.”

    In the letter, the lawmakers noted that Californians are already paying the highest gas prices in the nation. Rep. Valadao led a letter to Governor Newsom earlier this year citing his concerns over the LCFS amendments and the annual gas tax increase.

    “CARB’s new and deceitful approach comes as Californians continue to weather gas prices $1.50 per gallon above national averages, as well as a July hike in the gas excise tax to 59.6 cents per gallon. CARB has misleadingly billed these amendments as a regulatory burden limited to fossil fuel producers and importers. Unfortunately, there is no doubt that Californians will continue to pay the price,” the lawmakers wrote.

    Read the full letter here.

    ###

    MIL OSI USA News

  • MIL-OSI Europe: World Day for Audiovisual Heritage: preserving meaningful moments

    Source: European Union 2

    The World Day for Audiovisual Heritage is observed on 27 October to raise awareness about the significance and preservation risks of audiovisual materials.

    Audiovisual archives serve as powerful storytellers, capturing the lives, cultures and histories of people from all over the world. They represent a priceless heritage which is an affirmation of our collective memory and a valuable source of knowledge, reflecting the cultural, social, and linguistic diversity of our communities. These archives not only deepen our understanding of the past but also help us appreciate the world we share today. 

    Conserving this rich heritage and ensuring it remains accessible to the public and future generations is thus vital. Historically, information was preserved through photographs, sheet music and books. Modern technology has revolutionised this process, allowing us to now record and share important moments through sound and video using different apps. Platforms like music streaming services, video-sharing sites and social media act as modern-day archives, storing a wide variety of audiovisuals. 

    The EU utilises different platforms and depositories for storing and sharing audiovisual content. Among them, the Audiovisual Library of the European Commission functions as central deposit for audiovisual materials intended for external communication, produced or purchased by Commission services. The library is responsible for the management, preservation, and accessibility of the collective audiovisual memory of the European integration process, available in both English and French. Since 1948, the library has catalogued over 250 000 videos, 500 000 photos and 8 500 audio recordings, covering all major steps of EU history. The collection continues to grow and is accessible to the public via the Audiovisual Portal. 

    In addition, Europeana is a web portal that aggregates audiovisual materials from over 2000 different institutions across Europe. This includes libraries, museums, archives, galleries and others, offering its users a unique opportunity to access a diverse range of content online. 

    The EU is committed to safeguarding and enhancing Europe’s cultural heritage through numerous policies and programmes. By preserving audiovisual heritage such as films, recordings, and photographs, we ensure that future generations can experience the richness of our shared past. Protecting audiovisual heritage is not just about safeguarding memories, but about keeping cultural diversity alive and accessible for all.

    For more information

    European Commission’s Audiovisual Service

    Audiovisual Portal

    The Audiovisual Library: Europe’s living audiovisual memory (video)

    Europeana

    World Day for Audiovisual Heritage

    MIL OSI Europe News

  • MIL-OSI Russia: 2024 Annual Meetings – Address by the Chair of the Boards of Governors

    Source: IMF – News in Russian

    H.E. Ahmed Munawar
    Governor of the Maldives Monetary Authority

    October 25, 2024

    بسم الله الرّحمن الرّحيم

    As-alam-alaikum and a very good morning

    It is a great honor to welcome you to the 2024 Plenary of the Boards of Governors of the International Monetary Fund and the World Bank Group.

    A warm welcome to the Managing Director of the IMF Kristalina Georgieva and the President of the World Bank Group Ajay Banga. Congratulations Ms. Georgieva, on commencing your second term as the MD.

    This year is special. We are celebrating the 80th anniversary of the Bretton Woods Institutions—a major milestone in the history of global economic governance. I would like to reflect on the words of the first Annual Meetings Chair of the Boards of Governors, U.S. Treasury Secretary, John W. Snyder: “In joining the Fund and Bank, our respective governments have not only invested large sums of money, but they have in a considerable measure staked their economic destinies on the success of these institutions. We must not fail our governments and, above all, the hopeful people we represent.”

    These words hold true today, as they did 80 years ago. For 80 years, the IMF and World Bank have remained beacons of hope, managing global crises from wars to pandemics. Even in tough times, we find resilience. Chairing the Board of Governors in this historic meeting by a small state like mine is a sign of the inclusivity of these institutions.

    Despite tighter financial conditions and rising geopolitical tensions, the global economy is showing remarkable strength. A soft landing is within reach. Inflation is moderating. Yet, we cannot become complacent. Uncertainty remains high. Ongoing conflicts and upheavals in many parts of the world cast a shadow over our progress, and further escalations would have a much larger impact on vulnerable economies, including through higher commodity prices.

    It is true that significant challenges remain, and I would like to highlight three such challenges.

    Firstly, climate change. Small countries like the Maldives, are on the front lines of climate change. The Maldives aims to have 33% of its electricity from renewable sources by 2028. This transition will build climate resilience and deliver significant fiscal and foreign exchange savings. Achieving the target requires around 1.3 billion dollars to upgrade power infrastructure, of which only 13% has been pledged by donors so far. Small Island Developing States (SIDS) like the Maldives call on international financial institutions to provide easier and affordable climate finance for adaptation and mitigation on the principles of a just energy transition. While the IMF’s Resilience and Sustainability Fund and the World Bank’s record 42.6 billion dollars in fiscal year 2024 in climate finance are commendable. More is needed, especially for climate vulnerable SIDS. Additionally, we must innovatively rethink and implement strategies to mobilize private sector investments.

    Secondly, debt sustainability. Over two-thirds of emerging markets and developing economies are at high risk of debt distress. While the Global Sovereign Debt Roundtable has encouraged collaboration, more action is needed. Debt sustainability analysis must better account for country context, and the ongoing review of the Debt Sustainability Framework for Low-Income Countries should look at the specific needs of SIDS. The IMF, World Bank, and MDBs should take bold steps to support countries in debt distress. MDBs can also create tools like debt-for-climate swaps, exchanging debt relief for climate adaptation investments.

    Finally,structural reforms. We must strengthen the productive and state capacities of emerging and developing economies. The Bretton Woods Institutions should focus more on job creation, equal opportunities, economic diversification, and the impact of refugee flows. Similarly, structural reforms must be socially acceptable, ensuring benefits are widely shared.

    Over the past year, the IMF and World Bank have undertaken significant initiatives to support our members. The completion of the 16th General Review of Quotas, the IDA21 Replenishment, and discussions on quota realignment and strengthening World Bank Group’s financing will help ensure that these institutions remain adequately resourced. At the same time, let us not lose sight of the importance of providing adequate access and representation to the countries which need MDB support the most, as well as ensuring evenhanded treatment across the membership.

    The review of the IMF’s Poverty Reduction and Growth Trust, Charges and Surcharge Policy together with the World Bank’s IDA21 Replenishment demonstrate support for our most vulnerable nations.

    As I reflect on the discussions I have had during these Annual Meetings, one theme has emerged strongly: the critical need for multilateral cooperation. My friends, collective action is the antidote to an increasingly fragmented world. The 80th anniversary of the Bretton Woods Institutions provides a moment to reflect on our achievements, and plan for a better future together. Let me extend a warm welcome to Liechtenstein, which earlier this week joined the IMF as its hundred and ninety-first member, further reinforcing the importance of multilateralism. I am pleased with addition of the 25th Chair at the IMF’s Executive Board for Sub-Saharan Africa, and urge my fellow Governors to champion gender diversity and equality.

    As the Bretton Woods Institutions plan for the future, they should tailor their advice and activities to meet the specific needs and capacities of each member. If we fail to do this, we fail the people we represent, as the first Annual Meetings Chair, John Snyder, wisely reminded us 80 years ago. As I conclude, let us remind ourselves of our unwavering commitment to macroeconomic stability, prosperity, and cooperation.

    Thank you.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/25/sp102524-annual-meetings-plenary-chairman

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Canada: Backgrounder: Federal government invests nearly $350,000 in active transportation in the Outaouais region

    Source: Government of Canada News

    Backgrounder

    The federal government is investing $348,938 through the Active Transportation Fund to support nine infrastructure projects in the Outaouais region. These projects will increase the safety and accessibility of active transportation in the region, while helping to reduce greenhouse gas emissions and combat climate change.

    Project Information:

    Recipient

    Location

    Project Name

    Project Details

    Funding Stream

    Federal Funding

    Centre de gestion des déplacements de l’Outaouais et de l’Abitibi-Témiscamingue

    City of Gatineau

    Awareness campaign to promote active transportation by bicycle in Gatineau

    This project aims to encourage recreational cyclists to use bicycles as a means of transportation and educate non-cyclists about the benefits of cycling.

    Active Transportation

    $50,000

    Centre de gestion des déplacements de l’Outaouais et de l’Abitibi-Témiscamingue

    City of  Gatineau

    Plan for bicycle parking areas and “bicibornes” for the City of Gatineau

    This project aims to identify locations within the City of Gatineau territory where bicycle parking areas and bicibornes can be installed in order to provide cycling facilities that meet the needs of users and increase the use of bicycles for travel purpose.

    Active Transportation

    $49,910

    Centre de gestion des déplacements de l’Outaouais et de l’Abitibi-Témiscamingue

    City of Gatineau

    Development of a school transportation plan and methodology for a high school in the City of Gatineau

    This project aims to develop a methodology and a school travel plan for the Polyvalente Nicolas-Gatineau in order to make walking and cycling home-to-school safer and more attractive.

    Active Transportation

    $43,183

    Centre de gestion des déplacements de l’Outaouais et de l’Abitibi-Témiscamingue

    Cœur-des-Vallées School Service Centre

    School travel plans for two elementary schools of the Coeur-des-Vallées School Service Centre

    This project aims to develop school travel plans for Saint-Michel (Montebello) and Adrien-Guillaume (Chénéville) elementary schools in order to make walking and cycling home-to-school safer and more attractive.

    Active Transportation

    $15,318

    Centre de gestion des déplacements de l’Outaouais et de l’Abitibi-Témiscamingue

    Hauts-Bois-de-l’Outaouais School Service Centre

    Deployment of the “Going to school on foot or by bike, I can do it!” active transportation promotion campaign for the schools of the Centre de services scolaire des Hauts-Bois-de-l’Outaouais

    This campaign promotes active transportation for elementary school students aged 5 to 12.

    Active Transportation

    $49,809

    Centre de gestion des déplacements de l’Outaouais et de l’Abitibi-Témiscamingue

    Hauts-Bois-de-l’Outaouais School Service Centre

    School travel plans for five elementary schools and one high school of the Hauts-Bois-de-l’Outaouais School Service Centre

    This project aims to develop school travel plans for Poupore (Fort-Coulonge), L’Envolée (Campbell’s Bay),Notre-Dame du Sacré-Cœur (Isles-aux-Allumettes), Sainte-Anne (Île-du-Grand-Calumet) and Sainte-Marie (Otter Lake) elementary schools as well as for Sieur-de-Coulonge (Mansfield-et-Pontefract) high school in order to make walking and cycling home-to-school safer and more attractive.

    Active Transportation

    $38,895

    Centre de gestion des déplacements de l’Outaouais et de l’Abitibi-Témiscamingue

    Municipality of Cantley

    Development of a local transportation plan for the residents and schools of the Municipality of Cantley

    This project aims to develop active transportation in Cantley by improving, modifying or adding infrastructure and facilities for safety, accessibility and the promotion of active transportation.

    Active Transportation

    $47,495

    Centre de gestion des déplacements de l’Outaouais et de l’Abitibi-Témiscamingue

    Municipality of Chelsea

    Development of a local transportation plan for the Municipality of Chelsea

    This project aims to develop a local transportation plan for the area around Scott Street in order to develop active transportation in Chelsea.

    Active Transportation

    $40,365

    Centre de gestion des déplacements de l’Outaouais et de l’Abitibi-Témiscamingue

    Municipality of La Pêche

    Deployment of the “Going to school on foot or by bike, I can do it!” active transportation promotion campaign for the schools in La Pêche

    This campaign promotes active transportation for elementary school students aged 5 to 12.

    Active Transportation

    $13,873

    MIL OSI Canada News

  • MIL-OSI USA: Rep. Mike Levin Blasts So-Called “Pro-Choice Republicans” for Refusal to Support Right to Contraception Act

    Source: United States House of Representatives – Congressman Sander Levin (9th District of Michigan)

    October 23, 2024

    San Diego, CA – This week, Rep. Mike Levin (CA-49) reminded San Diego and Orange County residents that Republicans in Congress and others proclaiming to be “pro-choice” are being disingenuous by refusing to support critical legislation like the Right to Contraception Act that would protect access to contraception across the country.

    At a press conference announcing new federal changes that will allow millions of women to have greater access to over-the-counter contraceptives at no-cost, Levin gave a dose of reality to “pro-choice Republicans”: 

    “You cannot be ‘pro-choice’ if you’re fine with an extreme Supreme Court undermining Roe v. Wade. 

    “You cannot be ‘pro-choice’ when you believe all states should have the right to ban all reproductive care. 

    “You cannot be ‘pro-choice’ if you’re okay with 44% of women in this country having their reproductive rights stripped away.”

    For Rep. Levin’s full remarks click here.

    ##

    MIL OSI USA News

  • MIL-OSI Asia-Pac: UPDATE TO COVID-19 VACCINATION RECOMMENDATIONS AND ROLLOUT OF UPDATED JN.1 VACCINES

    Source: Asia Pacific Region 2 – Singapore

    The Ministry of Health (MOH) will roll out the updated JN.1 Pfizer-BioNTech/Comirnaty and JN.1 Moderna/Spikevax vaccines from 28 October 2024. This is based on the 2024/2025 recommendation of the Expert Committee for Immunisation (ECI). The vaccination is especially applicable to individuals at increased risk of severe COVID-19, such as seniors and those who are medically vulnerable. 
    2.      With close to 500 Healthier SG General Practitioner (GP) clinics and 10 polyclinics offering COVID-19 vaccination in the community, the five remaining Joint Testing and Vaccination Centres (JTVCs) will cease operations from 1 December 2024. 
    ECI’s Updated COVID-19 Vaccine Recommendations 
    3.       We are living with COVID-19 as an endemic disease. The severity of COVID-19 infection is low in the healthy general population, given that most of our local population has either taken the vaccine and/or been infected with COVID-19 and recovered safely. 
    4.       Hence the ECI has recommended that individuals at increased risk of severe COVID-19 should receive both the initial (if unvaccinated) and additional doses of the COVID-19 vaccine, as they will benefit most from increased protection with vaccination. The persons recommended for COVID-19 vaccination in 2024/2025 are: 
    a.       Individuals aged 60 years and above; 
    b. Medically vulnerable individuals aged 6 months and above; and  
    c. Residents of aged care facilities.  
    5.       Healthcare workers and persons living or working with medically vulnerable individuals are encouraged to consider receiving the vaccine. Other individuals aged 6 months and above who wish to receive the COVID-19 vaccine can continue to do so.

    6.        Unvaccinated individuals who are receiving COVID-19 vaccination in 2024/2025 should receive: 

    a. Ages 6 months to 4 years: Two vaccine doses, eight weeks apart; and 
    b. Ages 5 years and older: One vaccine dose. 
    7.       The number of initial doses recommended for unvaccinated individuals aged 5 years and above has been reduced from two doses (as previously recommended) to one dose, as most in this population would have some level of protection from past COVID-19 infection. One initial dose is now assessed to be sufficient to ensure an adequate level of protection in unvaccinated persons aged 5 years and above.
    8.       Vaccinated individuals aged 6 months and above who are receiving an additional dose of COVID-19 vaccination in 2024/2025 should receive it at an interval of around one year (and at least five months) from the last vaccine dose. 
    Rollout of Updated JN.1 Pfizer-BioNTech/Comirnaty and Moderna/Spikevax Vaccines 
    9.       The Health Sciences Authority has approved the use of the updated JN.1 Pfizer-BioNTech/Comirnaty and JN.1 Moderna/Spikevax vaccines in Singapore. 
    10.       From 28 October 2024, all vaccination locations offering the Pfizer-BioNTech/Comirnaty and/or Moderna/Spikevax vaccines will begin administering the updated JN.1 vaccines. 
    11.       The updated COVID-19 vaccines provide a stronger immune response against current and emerging strains compared to previous versions of the vaccines, and therefore confer better protection against COVID-19. The safety profiles of the updated vaccines are comparable to that of previous versions.
    Closure of JTVCs from 1 December 2024
    12.       The JTVCs have served us well in offering mass testing and vaccination services during the pandemic. To bring COVID-19 vaccination closer to the community, close to 500 Healthier SG GP clinics and 10 polyclinics located island-wide are now providing COVID-19 vaccination services. In addition, more Healthier SG GP clinics will be onboarded to offer the COVID-19 vaccines.
    13.       With this, the five remaining JTVCs at Bukit Merah, Jurong East, Kaki Bukit, Sengkang and Woodlands will cease operations from 1 December 2024. Individuals who wish to receive their COVID-19 vaccinations at these locations may walk in by 30 November 2024, or visit https://vaccine.gov.sg/covid to book an appointment.
    14.       Mobile vaccination teams offering the COVID-19 vaccines will continue to be deployed across the island. Members of the public can visit https://gowhere.gov.sg/vaccine for the latest schedule. 
    15.       COVID-19 vaccination continues to be free for all eligible individuals under the National Vaccination Programme. Members of the public can visit https://gowhere.gov.sg/vaccine for the nearest vaccination sites and the vaccine types offered. Individuals may book an appointment at a Healthier SG GP clinic through https://vaccine.gov.sg/covid, or at a polyclinic through the HealthHub booking system. 
    16.       COVID-19 waves will continue to occur from time to time and can cause severe disease among those who are older or medically vulnerable. To increase their protection against severe disease, we encourage everyone to remain updated with their vaccination based on the prevailing recommendations, much like vaccination against influenza.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Press Release: FDIC Makes Public September Enforcement Actions; No Administrative Hearing Scheduled for November 2024

    Source: US Federal Deposit Insurance Corporation FDIC

    CategoriesBusiness, Commerce, MIL-OSI, United States Federal Government, United States Government, United States of America, US Commerce, US Federal Deposit Insurance Corporation FDIC, US Federal Government, US Insurance Sector, USA

    MIL OSI USA News

  • MIL-OSI USA: Readout of 35th U.S.-Egypt Military Cooperation Committee

    Source: United States Department of Defense

    Pentagon Spokesperson Tom Crosson provided the following readout:

    The United States and Egypt held the 35th annual U.S.-Egypt Military Cooperation Committee (MCC) in Washington, D.C. on Oct. 23-24, 2024.  Deputy Assistant Secretary of Defense (DASD) for the Middle East Daniel B. Shapiro, and Egypt Assistant Minister of Defense for Foreign Relations Major General Walaa Bibers, co-chaired the event for the United States and Egypt, respectively.

    Building on last year’s strategic forum in Cairo, the MCC reinforced the strong U.S.-Egypt defense partnership through discussions on enhancing security cooperation, shared regional concerns, and building on critical security assistance programs. The delegations exchanged perspectives on regional security challenges, including the conflicts in Gaza, Lebanon, and Sudan, Houthi threats to the free flow of global commerce in the Red Sea, and the destabilizing activities by Iran and Iran-backed terrorist groups. Both sides agreed on the importance of enhancing regional security integration and deepening U.S.-Egyptian military cooperation.

    DASD Shapiro expressed appreciation for Egypt’s ongoing efforts to facilitate Gaza hostage release and ceasefire talks, as well as Egypt’s role in deescalating regional tensions. He reiterated that the United States seeks a diplomatic resolution along the Israel-Lebanon border that would allow civilians on both sides to return safely to their homes, the release of all hostages held by Hamas, and increased delivery of humanitarian assistance to those in need. DASD Shapiro and Major General Bibers reaffirmed the enduring U.S. and Egyptian commitment to the bilateral strategic relationship and preserving regional stability. 

    MIL OSI USA News

  • MIL-OSI USA: Federal Court Orders Precious Metals Dealer, its CEO and President to Pay $49M for Fraudulent Misappropriation Scheme

    Source: US Commodity Futures Trading Commission

    — The Commodity Futures Trading Commission today announced U.S. District Judge Fernando M. Olguin, Central District of California, issued orders of default judgment against a company and two individuals: Regal Assets LLC, a California LLC; Regal Assets’ owner and CEO, Tyler G. Gallagher, formerly of Los Angeles; and Regal Assets’ former President Leah Donoso of Robinson, Texas.

    The orders stem from the CFTC and the California Department of Financial Protection and Innovation complaint jointly filed Sept. 27, 2023, charging the defendants with misappropriating customer funds given to defendants to purchase precious metals from Regal Assets. [See CFTC Press Release No. 8791-23].

    As alleged in the complaint, Regal Assets solicited customers to transfer funds primarily from their tax-deferred retirement accounts to purchase precious metals from Regal Assets through self-directed IRAs. Rather than using all of the customers’ funds to purchase precious metals, the defendants misappropriated more than $21 million from more than 120 customers. The defendants made knowing or reckless fraudulent misrepresentations and omissions to customers, including using forged documents to conceal their misappropriation and maintain their fraudulent scheme.

    Under the terms of the orders issued Oct. 15, the defendants are required to pay, jointly and severally, over $21.9 million in restitution to defrauded customers and civil monetary penalties over $27.3 million. The orders also permanently enjoin the defendants from engaging in conduct that violates the CEA and California law, as charged, and permanently bans them from registering with the CFTC and from trading in any CFTC-regulated markets. The orders resolve the CFTC’s lawsuit against all three defendants.

    The CFTC thanks DFPI, its co-plaintiff in this action, for its assistance.

    Division of Enforcement staff responsible for this action are Rishi Gupta, Brendan Forbes, Kara Mucha, Erica Bodin, Daniel Jordan and Rick Glaser.

    CFTC’s Precious Metals Customer Fraud Advisory

    The CFTC has issued several customer protection fraud advisories and articles, including the Precious Metals Fraud Advisory, which provides information about fraud involving the trading of precious metals — such as gold, silver, palladium and platinum — and how customers can detect, avoid and report these scams.

    The CFTC strongly urges the public to verify a company’s registration with the CFTC at NFA BASIC before committing funds. A customer should be wary of providing funds to any unregistered company.

    Suspicious activities or information, such as possible violations of commodity trading laws, can be reported to the Division of Enforcement via a toll-free hotline 866-FON-CFTC (866-366-2382), file a tip or complaint online, or contact the Whistleblower Office. Whistleblowers may be eligible to receive between 10 and 30 percent of the collected monetary sanctions, from the CFTC Customer Protection Fund which is financed through the sanctions paid by CEA violators.

    MIL OSI USA News

  • MIL-OSI USA: NASA Stennis Achieves Milestone in Preparation for Future Artemis Testing

    Source: NASA

    NASA’s Stennis Space Center near Bay St. Louis, Mississippi, achieved a key milestone this week for testing a new SLS (Space Launch System) rocket stage to fly on future Artemis missions to the Moon and beyond.
    Over a two-week period beginning Oct. 10, crews completed a safe lift and installation of the interstage simulator component needed for future testing of NASA’s exploration upper stage (EUS) in the B-2 position of the Thad Cochran Test Stand. The component will function like the SLS interstage section that helps protect the upper stage during Artemis launches.
    “NASA Stennis is at the front end of the critical path for future space exploration,” said Barry Robinson, project manager for exploration upper stage Green Run testing on the Thad Cochran Test Stand. “Installing the interstage simulator is a significant step in our preparation to ensure the new, more powerful upper stage is ready to safely fly on future Artemis missions.”

    The EUS unit, built by Boeing at NASA’s Michoud Assembly Facility in New Orleans, which will be the upper stage for the evolved Block 1B version of SLS and will enable NASA to launch its most ambitious deep space missions. The new stage will replace the current interim cryogenic propulsion stage on the Block 1 version of SLS, which features a single engine and is capable of lifting 27 tons of crew and cargo to lunar orbit.
    The new exploration upper stage will be powered by four RL10 engines, manufactured by SLS engines contractor L3Harris. It will increase payload capacity by 40%, enabling NASA to send 38 tons of cargo with a crew to the Moon or 42 tons of cargo without a crew.

    [embedded content]
    In the first two weeks of October 2024, crews at NASA’s Stennis Space Center completed a successful lift and installation of an interstage simulator unit on the B-2 side of the Thad Cochran test Stand. The interstage simulator is a key component for future testing of NASA’s new exploration upper stage that will fly on Artemis missions to the Moon and beyond.

    Before the first flight of the exploration upper stage on the Artemis IV mission, the stage will undergo a series of Green Run tests of its integrated systems at NASA Stennis. The test series will culminate with a hot fire of the stage’s four RL10 engines, just as during an actual mission.
    The simulator component installed on the Thad Cochran Test Stand (B-2) at NASA Stennis weighs 103 tons and measures 31 feet in diameter and 33 feet tall. It will function like the SLS interstage section to protect EUS electrical and propulsion systems during Green Run testing. The top portion of the simulator also will serve as a thrust takeout system to absorb the thrust of the EUS hot fire and transfer it back to the test stand. The four-engine EUS provides more than 97,000 pounds of thrust.

    NASA Stennis crews previously lifted the interstage simulator to measure and align it relative to the test stand. It is now outfitted with all piping, tubing, and electrical systems necessary to support future Green Run testing.
    Installation onto the test stand enables NASA Stennis crews to begin fabricating the mechanical and electrical systems connecting the facility to the simulator. As fabrication of the systems are completed, crews will conduct activation flows to ensure the test stand can operate to meet test requirements.
    Through Artemis, NASA will establish the foundation for long-term scientific exploration at the Moon; land the first woman, first person of color and first international partner astronaut on the lunar surface; and prepare for human expeditions to Mars for the benefit of all.
    For information about NASA’s Stennis Space Center, visit:
    https://www.nasa.gov/stennis

    MIL OSI USA News