NewzIntel.com

Category: KB

  • MIL-OSI Asia-Pac: Media Delegate Registration opens for 55th IFFI

    Source: Government of India (2)

    Media Delegate Registration opens for 55th IFFI

    IFFI Welcomes Media Persons to share the Joy of Cinema

    Complimentary Film Appreciation Certificate Course by FTII for First Few Lucky Media Delegates

    Posted On: 18 OCT 2024 5:33PM by PIB Mumbai

    #IFFIWood, 18th October 2024

    Welcome to #iffiwood, as the Registration for Media delegates for the 55th International Film Festival of India (IFFI) 2024 opens today, October 18th 2024. Whether you are a seasoned film critic or a budding journalist with a passion for storytelling, this is your golden ticket to experience the cinematic excellence unfolding at the 55th edition of IFFI scheduled to be held from 20th to 28th November, 2024 in Panaji, Goa. Enrolling as media delegate for the festival, you would be part of the team who would take the festival to the masses in the nook and corners of the world with your carefully crafted articles on the joy of cinema.

    As India gears up to be the cost-efficient and high-quality content creation hub for the  world, its premier Film Festival – International Film Festival of India (IFFI) – stands as a one-of-a-kind platform to encourage, acknowledge and appreciate talent in the entertainment sector.  Recognition given to this passion for creative expression opens an array of opportunities for stakeholders and their hard work. It also allows important stories from myriad canvases to be seen, heard and experienced. Moreover, the International Film Festival of India is a platform to enhance your understanding of the art and craft of film-making as it offers Masterclasses and In-conversation sessions in which stalwarts of the film industry from across the globe are set to narrate their experiences and share their thoughts as to how they made it big!

    As you are aware, information and communication plays an important role in fostering a culture of cinema appreciation and nurturing a genuine love for the art of filmmaking. That’s why, you the Media Delegates are an essential part of making the 55th International Film Festival of India a grand success. You hold not only the power but the privilege to write, talk, and showcase the nuances of great films and filmmakers at the 55th IFFI and ensure that every story gets its moment to shine.

    Registration Process

    To register as a Media Delegate, you must have completed 21 years of age as of January 1, 2024, and be a correspondent, photographer, camera person or digital content creator belonging to a Print, Electronic, Digital, or Online Media organization. Freelance journalists who meet the age criterion are also encouraged to register. Please read the relevant eligibility criteria here before registering and keep the stated documents ready to upload before you register. The registration process is straightforward and can be completed online at https://my.iffigoa.org/media-login

    The deadline for registration is set at 11:59:59 PM (Indian Standard Time) on November 12, 2024. Kindly note that the approval of your accreditation as a Media Delegate will be communicated to you on your registered email ID after the scrutiny of your application. Only media persons accredited by Press Information Bureau (PIB) through this process of registration are eligible for Media Delegate Passes for the 55th IFFI 2024. PIB will decide the number of accreditations to be handed out to each media organization based on factors such as the media outlet’s periodicity, size (circulation, audience, reach), focus on cinema, and the expected media coverage of IFFI.

    Media Delegate Passes may be collected by Accredited Media Delegates from 18th November 2024 onwards at the IFFI venue. For any queries kindly drop a mail to pib4iffi[at]gmail[dot]com with the subject ‘Media Accreditation Query’.

    Film Appreciation Certificate Course by FTII for Media Delegates

    Ever wondered what really makes a film tick? Get ready to leave with a deeper understanding of cinema that goes beyond the screen. How?

    This year, a rare treat awaits the first few lucky Accredited Media Delegates. They will have the opportunity to participate in a complimentary Film Appreciation Course that will be conducted by resource persons from the prestigious Film and Television Institute of India (FTII) in collaboration with Press Information Bureau (PIB) on November 18th 2024 in Panaji, Goa. The course is a day-long event and will be available to Accredited Media Delegates on a first-come-first-served basis of submission of the Media Delegate registration form and choosing the option to attend the Course provided in the form.

    Further details of the course will be communicated to the selected Media Delegates in due course. So, register today and see why early registration is a game-changer. Not only will you beat the rush, but you will also enjoy exclusive insights and networking opportunities before the 2024 IFFI extravaganza kicks off.

    Register here and we once again welcome you to share the joy of cinema!

    See you at the movies!

    About IFFI

    Founded in 1952, the International Film Festival of India (IFFI) stands as one of Asia’s premier film festivals. Since its inception, IFFI has aimed to celebrate films, their captivating stories, and the talented individuals behind them. The festival seeks to promote and spread a deep appreciation and love for films, build bridges of understanding and camaraderie among people, and inspire them to reach new heights of individual and collective excellence.

    IFFI is organized annually by the Ministry of Information and Broadcasting, Government of India, in collaboration with the Entertainment Society of Goa, Government of Goa. While the Directorate of Film Festivals (DFF) in the Ministry of Information and Broadcasting had generally been spearheading the festival, consequent to the merger of film media units with the National Film Development Corporation (NFDC), NFDC has taken over the conduct of the festival. For the latest updates on the 55th IFFI, please visit the festival website at http://www.iffigoa.org and follow IFFI on social media platforms of PIB such as X, Facebook, and Instagram as well as the social media handles of PIB.

    ***

    PIB IFFI CAST AND CREW | Rajith/ Nikita/ Dhanlakshmi/ DY IFFI 55 – 1

     

    Follow us on social media:  @PIBMumbai    /PIBMumbai     /pibmumbai   pibmumbai[at]gmail[dot]com  /PIBMumbai     /pibmumbai

    (Release ID: 2066136) Visitor Counter : 92

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: After the Great Shakeout: Take the Next Step in Earthquake Readiness

    Source: US Federal Emergency Management Agency

    Headline: After the Great Shakeout: Take the Next Step in Earthquake Readiness

    After the Great Shakeout: Take the Next Step in Earthquake Readiness

    DENVER – Across the nation, more than 19 million people ‘Dropped, Covered and Held On’ during the Great Shakeout earthquake drill last week. This is a great time to remember the threat of earthquakes and take actions to minimize your own risk.

    Earthquakes may happen anywhere you work, live, or travel. The Great Shakeout serves as a powerful opportunity to raise awareness of the threat earthquakes pose. Knowing what to do when a quake happens is important and having a plan will help you take important steps now to keep your home and family safer.

    “Earthquake mitigation, including having the latest building codes, are invaluable in protecting your home,” said Sean McGowan, Earthquake Program Manager in FEMA Region 8. “Taking mitigation actions can minimize the impact an earthquake will have on a home. These are the things you can do now to protect yourself, your loved ones, and your property.” 

    These steps are not as complicated or as expensive as it may seem and are cheaper than recovering from an earthquake. Similar to child-proofing a home, consider anchoring bookcases, dressers, and appliances to wall studs. Assess your home looking for loose and heavy items that can be secured. These simple actions can protect you, your friends and family.

    This is also a great time to check insurance coverage. In most cases, homeowner’s insurance does not cover earthquake or flood damage. Consider consulting with your insurance agent to see if additional coverage may be right for you.

    Millions of people live and work in earthquake-prone regions of the United States, including here in the Intermountain West. Are you prepared?

    Learn more about the Great ShakeOut at https://www.shakeout.org/, the Earthquake Country Alliance has tips to mitigate earthquake risk at https://www.earthquakecountry.org/, and how to prepare for earthquakes and other disasters at https://www.ready.gov/.

    anthony.mayne

    MIL OSI USA News –

  • MIL-OSI USA: FEMA May Call from Unfamiliar Phone Numbers

    Source: US Federal Emergency Management Agency

    Headline: FEMA May Call from Unfamiliar Phone Numbers

    FEMA May Call from Unfamiliar Phone Numbers

    South Carolina residents who have applied for disaster assistance following Hurricane Helene may get a telephone call from FEMA to schedule an inspection of the damaged home, or to obtain more information to process the application. These calls may come from unfamiliar area codes or phone numbers.

    It is important to answer the call. A FEMA inspection may be required to determine whether a home is safe and livable. If an inspection can’t be scheduled, that may cause a delay in FEMA’s review of the application.

    FEMA specialists may also call to get more information to process an application, or they may contact applicants who started an application and did not complete it.

    Homeowners and renters in Abbeville, Aiken, Allendale, Anderson, Bamberg, Barnwell, Beaufort, Cherokee, Chester, Edgefield, Fairfield, Greenville, Greenwood, Hampton, Jasper, Kershaw, Laurens, Lexington, McCormick, Newberry, Oconee, Orangeburg, Pickens, Richland, Saluda, Spartanburg, Union and York counties and the Catawba Indian Nation can apply for federal assistance.

    The quickest way to apply is to go online to DisasterAssistance.gov. Survivors can also apply in person at a Disaster Recovery Center and meet with representatives of FEMA, the state of South Carolina and the U.S. Small Business Administration. No appointment is needed. To find center locations, go to fema.gov/drc or text “DRC” and a Zip Code to 43362. 

    You can also apply using the FEMA App for mobile devices or calling toll-free 800-621-3362. The telephone line is open every day and help is available in many languages. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA your number for that service. For a video with American Sign Language, voiceover and open captions about how to apply for FEMA assistance, select this link.

    FEMA programs are accessible to survivors with disabilities and others with access and functional needs. 

    kwei.nwaogu

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: INS SHARDUL CONCLUDES PORT VISIT AT DUBAI

    Source: Government of India

    Posted On: 18 OCT 2024 5:29PM by PIB Delhi

    INS Shardul as part of long range training deployment concluded its visit to Port Rashid, Dubai, UAE, on 16 Oct 24. The visit marked another important milestone in strengthening maritime cooperation between India and UAE. During the port call, the key engagements included interactions with UAE Navy, cross training visits, and community outreach activities.

    The sea trainees of INS Shardul participated in organized visits to Naval Officers Training Academy and UAE Naval Ship providing opportunity for professional interactions and productive discussions on shared knowledge & training practices. Joint training sessions, yoga activities, and friendly sports fixtures were the other highlights of the visit. A formal reception was hosted onboard INS Shardul which was attended by personnel and officials of UAE Navy, diplomats and distinguished members of the Indian community.

    On departure from Dubai, INS Shardul participated in a Maritime Partnership Exercise with the UAE Naval ship Al Quwaisat. Both ships executed a series of naval maneuvers, communication drills, and coordinated movements, demonstrating mutual coordination and interoperability.

    The visit of Indian Naval ship to Dubai underscores the importance of India-UAE maritime relations and commitment to capacity enhancement in maritime domain aligned with the vision of SAGAR in IOR.

    ****

    VM/SKY                                                                        

    (Release ID: 2066123) Visitor Counter : 54

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Verizon to offer new iPad Mini

    Source: Verizon

    Headline: Verizon to offer new iPad Mini

    NEW YORK – Verizon will offer the new iPad mini that is built for Apple Intelligence1, is more capable and versatile than ever with the powerful A17 Pro chip and offers support for Apple Pencil Pro. iPad mini delivers incredible value and the full iPad experience in an ultraportable design. Customers can pre-order the new iPad mini today, with availability beginning Wednesday, October 23. For complete pricing and availability details, please visit verizon.com.

    The new iPad mini is supercharged by the A17 Pro chip and Apple Intelligence, the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy. With a beloved ultraportable design, the new iPad mini is available in four gorgeous finishes, including a new blue and purple, and features the brilliant 8.3-inch Liquid Retina display. A17 Pro delivers a huge performance boost for even the most demanding tasks, with a faster CPU and GPU, a 2x faster Neural Engine than the previous-generation iPad mini2, and support for Apple Intelligence. The versatility and advanced capabilities of the new iPad mini are taken to a whole new level with support for Apple Pencil Pro, opening up entirely new ways to be even more productive and creative. The 12MP wide back camera supports Smart HDR 4 for natural-looking photos with increased dynamic range, and uses machine learning to detect and scan documents right in the Camera app. The new iPad mini also features all-day battery life and brand-new experiences with iPadOS 18.

    Cellular models of the new iPad mini are activated with an eSIM, a more secure alternative to a physical SIM card. With eSIM, users can quickly activate their cellular plan, store multiple cellular plans on the same device, and stay connected. With the portable design of iPad mini, users can conveniently stay connected with eSIM wherever they go. The new iPad mini supports Wi-Fi 6E, which delivers up to twice the performance than the previous generation3, so users can download files, play games online, and stream movies even faster.

    Apple Pencil Pro unlocks magical capabilities and powerful interactions, turning iPad mini into a sketchbook users can take anywhere. Apple Pencil Pro can sense a user’s squeeze, bringing up a tool palette to quickly switch tools, line weights, and colors, all without interrupting the creative process. A custom haptic engine delivers a light tap that provides confirmation when users squeeze, double-tap, or snap to a Smart Shape for a remarkably intuitive experience. Users can roll Apple Pencil Pro for precise control of the tool they’re using. Rotating the barrel changes the orientation of shaped pen and brush tools, just like pen and paper, and with Apple Pencil hover, users can visualize the exact orientation of a tool before making a mark. Apple Pencil Pro features support for Find My, and pairs, charges, and is stored through a new magnetic interface on the new iPad mini. iPad mini also supports Apple Pencil (USB-C), ideal for note taking, sketching, annotating, journaling, and more, at a great value.

    For more details on pricing and plans visit verizon.com.

    For more details on Apple products, please visit apple.com.

    1 Apple Intelligence will be available as a free software update for iPad with A17 Pro or M1 and later with device and Siri language set to U.S. English. The first set of features will be available in beta this month with iPadOS 18.1 with more features rolling out in the months to come. Later this year, Apple Intelligence will add support for localized English in Australia, Canada, New Zealand, South Africa, and the U.K. In the coming year, Apple Intelligence will expand to more languages, like Chinese, English (India), English (Singapore), French, German, Italian, Japanese, Korean, Portuguese, Spanish, Vietnamese, and others.

    2 Testing conducted by Apple in September 2024 using preproduction iPad mini (A17 Pro) and production iPad mini (6th generation) units. Tested with Affinity Photo 2 v2.5.5.2636 using the built-in benchmark version 25000. Performance tests are conducted using specific iPad units and reflect the approximate performance of iPad mini.

    3 Wi-Fi 6E available in countries and regions where supported.

    MIL OSI Economics –

  • MIL-OSI USA: Vascular Embolization Device Correction: Boston Scientific Updates Use Instructions for Obsidio Conformable Embolic for Increased Ischemia Risk When Used for GI Bleeding

    Source: US Food and Drug Administration

    This recall involves updating instructions for using these devices and does not involve removing them from where they are used or sold. The FDA has identified this recall as the most serious type. This device may cause serious injury or death if you continue to use it without following the updated instructions. 

    UPDATE – Friday, October 11, 2024:

    Boston Scientific updated its instructions for use for this device. This update follows previous instructions that Boston Scientific issued on February 20, 2024.

    Affected Product 

    • Product Name: Obsidio Conformable Embolic
    • Product Codes: See Medical Device Recall Database Entry 
    • Distribution Dates: May 8, 2023 to February 8, 2024
    • Devices Recalled in the U.S.: 1,594
    • Date Initiated by Firm: February 20, 2024; Updated on Friday, October 11, 2024

    What to Do

    Follow updated use instructions. On Friday, October 11, 2024, Boston Scientific sent all affected customers an updated urgent medical device advisory letter recommending the following actions: 

    • Refer to new labeling updates for the Obsidio Conformable Embolic including:
      • Do not use the aliquot technique or push Obsidio Embolic with saline, a commonly used delivery method in embolization procedures, when performing embolization for any gastrointestinal (GI) bleeding with the Obsidio Conformable Embolic device. 
      • Do not make forceful injections in or near the Obsidio Embolic. These could change its properties and raise the risk of off-target embolization.
      • Do follow the revised instructions included in the Recommended Procedure section of the labeling.

    Reason for Updates to Use Instructions

    Boston Scientific is updating use instructions for Obsidio Conformable Embolic due to a concern for risks with using this device anywhere in the GI area. Previous serious adverse health consequences were associated with lower GI bleeding. Recent serious adverse health consequences included all GI bleeding. 
     
    Use of this product with the aliquot technique or pushing with saline may cause off-target embolization, ischemia (preventing blood and oxygen flow to organs), including of the small bowel, which may lead to prolonged hospitalization, the need for additional surgery such as bowel resection or diverting colostomy, or death. 

    Boston Scientific does not recommend altering the Obsidio Embolic by using the aliquot technique or pushing with saline.

    There were fifteen injuries and four deaths related to this issue.

    Device Use 

    The Obsidio Conformable Embolic is a premixed embolic agent that is delivered minimally invasively to block (occlude) blood flow to specific blood vessels. After injection, Obsidio Conformable Embolic creates a solid cast in the vessel and halts blood flow. It is intended for single use to embolize hypervascular tumors and to block (occlude) blood flow in peripheral blood vessels that are bleeding or hemorrhaging.

    Contact Information

    Customers in the U.S. with questions about this recall should contact their local Boston Scientific Representative.

    Additional FDA Resources:

    Unique Device Identifier (UDI) 

    The unique device identifier (UDI) helps identify individual medical devices sold in the United States from manufacturing through distribution to patient use. The UDI allows for more accurate reporting, reviewing, and analyzing of adverse event reports so that devices can be identified, and problems potentially corrected more quickly. 

    How do I report a problem?

    Health care professionals and consumers may report adverse reactions or quality problems they experienced using these devices to MedWatch: The FDA Safety Information and Adverse Event Reporting Program. 
     

    MIL OSI USA News –

  • MIL-OSI Economics: DG Okonjo-Iweala welcomes President Alar Karis of Estonia to the WTO

    Source: WTO

    Headline: DG Okonjo-Iweala welcomes President Alar Karis of Estonia to the WTO

    Director-General Ngozi Okonjo-Iweala met with the President of Estonia, Alar Karis, on 17 October at the WTO. The two discussed the importance of the multilateral trading system governed by the WTO and the impact of the current geopolitical situation on global trade.

    MIL OSI Economics –

  • MIL-OSI USA: DeLauro Statement on Death of Hamas Leader Yahya Sinwar

    Source: United States House of Representatives – Congresswoman Rosa DeLauro (CT-03)

    Today, Congresswoman Rosa DeLauro (CT-03) released a statement on the death of Hamas leader Yahya Sinwar: 

    “Yahya Sinwar was the terrorist who orchestrated the barbaric October 7th attacks. It is just that he was killed by IDF forces. His death is key to Israel’s security. It was also important for global security and for all those looking for stability and peace. 

    “It is a moment to pause and rethink how best to get back the hostages and help Gaza escape the current humanitarian crisis while ensuring Israeli citizens are able to return to the North. 

    “Israel must deal with Iran’s ballistic missile attack in a way that ensures its security. 

     “Everyone loses if Hamas remains in control of Gaza. They must be defeated. However, this war is against Hamas – not the Palestinian people – and all efforts must move toward a two-state solution. 

     “It is time to consider a unity government that can take advantage of this unique time.”

    MIL OSI USA News –

  • MIL-OSI Australia: Kingston police investigating burglaries as total offences drop

    Source: Tasmania Police

    Kingston police investigating burglaries as total offences drop

    Saturday, 19 October 2024 – 8:22 am.

    While the Kingston area has had a significant drop in total offences, police are investigating a series of recent burglaries.
    Inspector Colin Riley said total offences in the area have dropped 32 per cent, compared to the same time last year.
    “There has, however, been a distinct and uncommon pattern of burglaries and stealing in the area over the past two weeks, and police are investigating,” he said.
    The matters include:
    Wednesday 9 October
    Between 1pm and 4pm a home burglary on Garnett Street, Blackmans Bay with jewellery stolen (reference 756024).
    Between 8am and 8pm a home burglary on Hutchins Street, Kingston with jewellery and a laptop stolen (reference 756030).
    Tuesday 15 October
    Overnight into Wednesday morning a shed burglary on Tinderbox Road, Tinderbox with power tools stolen (reference 756546).
    Wednesday 16 October
    Between 8.30am and 5.40pm a home burglary on Tinderbox Road, Tinderbox with electrical items stolen (reference 756585).
    Overnight into Thursday morning a vehicle was entered on Wells Parade, Blackmans Bay with a credit card and gift voucher stolen (reference 75668).
    Friday 18 October
    Between 8am and 4.30pm a home burglary on Hutchins Street, Kingston with a sound system and jewellery stolen (reference 756724).
    “Investigators are seeking any information from the public that might assist with apprehending the person or people responsible for these matters,” Inspector Riley said.
    “Please quote the reference numbers when providing information.”
    “Importantly, police are requesting that members of the public remain vigilant and report any suspicious activity to police, particularly in these areas.”
    “If the suspicious activity is occurring at the time of reporting, contact Triple-Zero (000).”
    “If the information is not time critical, please call 131 444 or report to Crime Stoppers on 1800 333 000 or at crimestopperstas.com.au.”“We are confident that we will apprehend this offender or offenders and bring this crime pattern to a conclusion quickly.”
    “As the activity seems to be continuing, any information from the public, about suspicious activity or people observed, regardless of how insignificant it appears, is wanted by us to aid in that quick apprehension.”
    “If you have CCTV cameras, please ensure they are operating and recording, please also ensure doors remain locked and the house is secure when you are not home”.

    MIL OSI News –

  • MIL-OSI USA: One Year of Hamas Terror on Israel

    Source: United States House of Representatives – Congressman Bruce Westerman (AR-04)

    On Monday, we solemnly reflected on the unprovoked attack against Israel that took place one year ago. It remains difficult to put into words the evil that continues to plague the Holy Land. These attacks on Israel by Hamas show a blatant disregard for the lives of Israeli men, women, and children. Never could we have prepared ourselves for the violence and evil that has been inflicted upon so many innocent lives by Hamas terrorists. These unprovoked, barbaric, hate-filled crimes are a disgrace to humanity. As the only true democracy in the Middle East, Israel is vital to the stability of the region and our national security. Which is why now, more than ever, it is imperative that the American people stand with Israel in support and through prayer.

    There will never, and should never, be a way to justify the actions from this terrorist organization that have threatened and attacked Israel’s freedom. For too long, Iran-backed terrorists have sowed fear and hatred across the Israeli nation and our world. This is why I have continued to support legislation which vows to assist Israel in their right to defend themselves and protect their freedom. As an American, it is inconceivable to see their liberties now being so ruthlessly attacked, and their people – husbands, wives, mothers, fathers, brothers, and sisters – being helplessly slaughtered or taken. 

    My prayers remain constant for the nation of Israel – a nation chosen and loved by God. My prayers are with the men and women who courageously fight to protect Israel’s freedom along with those who have lost loved ones in these senseless attacks. I will continue to pray for the Israeli leaders who face innumerable hardships every day as they navigate what it looks like to lead the people they have sworn to protect. May we continue to stand with this Holy Nation, and may God continue to bless the people and nation of Israel

    MIL OSI USA News –

  • MIL-OSI Security: Saline County Man Sentenced to More Than 15 Years In Federal Prison for Illegally Possessing Firearms

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

          LITTLE ROCK—Jason Davis, a multi-convicted felon, will spend more than 15 years in federal prison for being a felon in possession of a firearm and possession of a sawed-off shotgun. Jonathan D. Ross, United States Attorney for the Eastern District of Arkansas, announced the sentence, which was handed down on Wednesday, October 16, 2024, Chief United States District Judge Kristine G. Baker.

          In addition to the 188 months’ imprisonment, Chief Judge Baker sentenced Davis, 43, of Benton, to five years supervised release. Davis will begin serving his federal sentence only after he serves his current six-year state sentence for first degree domestic battery, which began in 2023. During Davis’s federal sentencing, Chief Judge Baker took into consideration Davis’s lengthy and violent criminal history.

          Davis was indicted on June 6, 2023, in a two-count indictment charging him with being a felon in possession of a firearm and possession of a sawed-off shotgun. On October 16, 2024, Davis pled guilty to both counts in the indictment. There is no parole in the federal system.

          An investigation revealed that on May 3, 2023, Arkansas Game and Fish Commission (AG&F) received a call reporting four people that were trespassing on private property in Saline County. Officers with AG&F initiated contact with all four suspects and identified Davis as the owner of the vehicle on the property. While speaking with the suspects, officers observed a sawed-off, 20-gauge Harrington and Richardson shotgun in the driver’s seat of the vehicle. Officers then located 20-gauge shotgun shells in the vehicle that matched the live round found in the shotgun.

          Chief Judge Baker determined Davis to be an Armed Career Criminal due to numerous prior violent convictions, included four different convictions for second degree battery, two different convictions for first degree domestic battery, and convictions for third degree battery, third degree domestic battery, aggravated assault, and terroristic threatening.

          The investigation was conducted by the Bureau of Alcohol, Tobacco, Firearms, and Explosives with assistance from the AG&F. The case was prosecuted by Assistant United States Attorney Katie Hinojosa.

    # # #

    Additional information about the office of the

    United States Attorney for the Eastern District of Arkansas, is available online at

    https://www.justice.gov/edar

    X (formerly known as Twitter):

    @USAO_EDAR 

    MIL Security OSI –

  • MIL-OSI Economics: Secretary-General of ASEAN delivers pre-recorded keynote address at the WAIPA Women Political Leaders Forum at the 45th AIPA General Assembly

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, delivered a pre-recorded keynote address at the WAIPA Women Political Leaders Forum at the 45th AIPA General Assembly “Enhancing Women’s Political Participation and Leadership: Transforming Challenges into Opportunities Towards an Inclusive Future for All,” in Vientiane, Lao PDR, on 18 October 2024. In his remarks, Dr. Kao highlighted the significant progress made by women leaders within the ASEAN region to hold the highest political office in a number of ASEAN Member States. Building on the progress achieved thus far, he underscored the need for ongoing advocacy and support to ensure the legacy of women pioneers continues to flourish.

    The post Secretary-General of ASEAN delivers pre-recorded keynote address at the WAIPA Women Political Leaders Forum at the 45th AIPA General Assembly appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Economics: Secretary-General of ASEAN to participate in the Singapore International Energy Week 2024 in Singapore

    Source: ASEAN

    At the invitation of H.E. Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry of Singapore, Secretary-General of ASEAN Dr. Kao Kim Hourn will participate in the Singapore International Energy Week (SIEW) 2024, under the theme “A Connected and Sustainable Energy World,” where he will deliver the Singapore Energy Summit Keynote at the SIEW Summit, on 21 October 2024. Dr. Kao will also be holding a bilateral meeting with the Executive Director of the International Energy Agency Dr. Fatih Birol on the sidelines of the SIEW, as well as giving interviews with representatives of the media to further promote the work of ASEAN, including ASEAN’s efforts and priorities in the energy sector. SIEW is organised by the Energy Market Authority of Singapore and is the premier platform for global stakeholders from across the region and the world to come together to discuss key energy issues.
    The post Secretary-General of ASEAN to participate in the Singapore International Energy Week 2024 in Singapore appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI USA: Gillibrand Announces $27 Million In Federal Funding For Delaware County Electric Cooperative As Part Of The Department Of Energy’s Grid Resilience and Innovation Partnerships (GRIP) Program

    US Senate News:

    Source: United States Senator for New York Kirsten Gillibrand

    Funding Will Improve Grid Resiliency Against Strong Storms And Invasive Species In Rural Areas Of New York

    Today, Senator Gillibrand announced $27,681,725 in federal funding for the Delaware County Electric Cooperative, Inc. (DCEC). DCEC provides electricity to over 5,000 families, farms, and local businesses in four New York counties – Chenango, Delaware, Otsego, and Schoharie. With this funding, awarded through the Bipartisan Infrastructure Law’s Grid Resilience and Innovation Partnerships (GRIP) program, DCEC will lead a partnership composed of six small electric cooperatives to increase grid resilience against outages caused by weather events and tree damage caused by invasive species. This partnership will also serve the counties of Cattaraugus, Chautauqua, Herkimer, Madison, Oneida, Orange, Schuyler, and Steuben, in addition to rural areas of New Jersey and Pennsylvania.

    “Strong energy infrastructure is critical to the stability of our rural communities, especially given the threats that extreme weather and invasive species pose,” said Senator Gillibrand. “This funding will create good-paying union jobs and deploy advanced technology to support rural communities. I am proud to have voted to pass the Bipartisan Infrastructure Law and fought to secure this funding. I will continue working to make sure that New Yorkers have reliable access to strong energy infrastructure.”

    As DCEC works to improve New York’s grids, it will deploy advanced software to enable proactive grid management, as well as hardware such as grid sensors and drones to provide real-time data and monitoring capabilities. The new technology is anticipated to improve grid reliability and resilience, reducing major outage events by 50%, and help save the local economy millions of dollars per year in outage costs. DCEC will work with five other small electric cooperatives, including Oneida-Madison Electric Cooperative, Otsego Electric Cooperative, Inc., Steuben Rural Electric Cooperative, Inc., Sussex Rural Electric Cooperative, Inc., and Claverack Rural Electric Cooperative, Inc.

    This project will also create an estimated 20 jobs, many of which will be high-quality union positions, and will leverage a workforce career training center that is under development in collaboration with the State University of New York–Delhi.

    “The rural electric cooperatives of New York are not-for-profit distribution companies and serve some of the areas hardest hit by the impacts of extreme weather and invasive species,” said John Gasstrom, CEO of DCEC. “This grant will enable the co-ops to make resiliency improvements to ensure that we continue to deliver safe and sustainable electricity to our members who rely on it. We also appreciate the support and encouragement we have received from Senator Gillibrand in bringing this funding to the electric cooperatives as we find solutions together to meet our energy challenges and goals.”

    “At Otsego Electric Cooperative, we believe in forward-thinking solutions that safeguard our grid and enhance reliability for rural communities,” said Tim Johnson, CEO of Otsego Electric Cooperative. “This project represents a vital step toward building a resilient electric network that can withstand future challenges while supporting sustainable growth. We are especially grateful for the Beneficial Electrification League’s detailed support and expertise throughout the application process.”

    This project is part of a $2 billion U.S. Department of Energy investment in 38 projects across 42 states and the District of Columbia to protect the U.S. power grid against growing threats of extreme weather, all funded through the Bipartisan Infrastructure Law’s GRIP program. The selected projects will lower costs for communities and enable additional grid capacity to meet load growth stemming from an increase in manufacturing and other strains on the electric grid. The selected projects will deploy new, innovative transmission and distribution infrastructure and technology upgrades to enable over 7.5 gigawatts (GW) of grid capacity.

    Earlier this year, Senator Gillibrand wrote to Secretary Granholm in support of DCEC’s funding application. Senator Gillibrand’s letter can be read below:

    Dear Secretary Granholm,

    I write in support of the application submitted by the Delaware County Electric Cooperative (DCEC) for funding from the Grid Resilience and Innovation Partnerships (GRIP) Grant Program administered by the U.S. Department of Energy. This funding will be used to improve grid resiliency against strong storms and invasive species in rural areas of New York, Pennsylvania, and New Jersey.

    Established in 1942, DCEC provides electricity to more than 5,200 families, farms, and local businesses across Chenango, Delaware, Otsego, and Schoharie Counties. For a larger project that will enhance the protection of local electric grids, DCEC plans to partner with the Oneida-Madison Electric Cooperative, Otsego Electric Cooperative, Inc., Steuben Rural Electric Cooperative, Inc., Sussex Rural Electric Cooperative, Inc., and Claverack Rural Electric Cooperative, Inc. These five other non-profit electric cooperatives collectively serve tens of thousands of members across Cattaraugus, Chautauqua, Chenango, Herkimer, Madison, Oneida, Orange, Otsego, Schuyler, and Steuben Counties in New York. 

    The requested funding will be used to safeguard rural electric grids from invasive species and intense storms that are causing long-lasting power outages and hurting rural economies. For instance, DCEC has experienced four multi-day power outages since December 2023 due to the proliferation of emerald ash borer–infested trees, which have toppled powerlines, coupled with the increasing threat of extreme weather conditions and other natural hazards. The six electric cooperatives’ proposed project will deliver much-needed upgrades to rural electric grids in three states and enable load growth that the region’s aging electric infrastructure has otherwise constrained. In addition, the project promises to benefit more than 43,000 customers, stimulate regional economic growth, and bring approximately 20 high-quality, clean-energy jobs to areas where the loss of coal power plant and rail jobs, along with a decline in employment opportunities for supporting industries and services, has led to the displacement of the working-age population and high levels of poverty.

    I ask that you please give this application your full consideration. If you have any questions or desire further information, please do not hesitate to contact my staff at (202) 224-4451.

    Sincerely,

    Kirsten Gillibrand

    United States Senator

    MIL OSI USA News –

  • MIL-OSI USA: Senator Marshall Joins Bicameral Amicus Brief to Overturn Unlawful Emissions Rule

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Washington, D.C. – U.S. Senator Roger Marshall, M.D. joined Senator Kevin Cramer’s (R-ND) bicameral amicus brief calling on the federal courts to block Harris-Biden Federal Highway Administration’s (FHWA) final rule requiring state departments of transportation and metropolitan planning organizations to measure greenhouse gas (GHG) emissions on the highway system and set declining targets. 
    In April 2024, the Senate passed a bipartisan Congressional Review Act to block the FHWA’s final rule. Additionally, 21 state attorneys general filed litigation challenging the regulation. The U.S. District Court found the Biden Administration rule to be illegal in April, but FHWA appealed the decision to the Sixth Circuit Court of Appeals and it remains under further consideration. 
    The amicus brief led by Senators Marshall and Cramer requests that the Sixth Circuit Court of Appeals Court uphold the District Court decision from April, vacating the rule.
    “Congress considered, and ultimately rejected, providing [FHWA] with the authority to issue a GHG performance measure regulation, but [FHWA] contorted ancillary existing authorities to impose one anyway,” the members argued. “In doing so, [FHWA] impermissibly usurped the Legislative Branch’s authority and promulgated the GHG performance measure without statutory authority delegated by Congress.
    “Put simply, when [FHWA] established a GHG performance measure regulation, it exceeded the powers Congress authorized. And it did so both at the expense of separation of powers and in violation of the Administrative Procedure Act,” continued the members. 
    The brief argues Congress debated and rejected granting FHWA the authority to issue GHG performance measure rules and the FHWA then intentionally misconstrued Congressional intent to justify its improper exercise of authority. It also argues the rulemaking is not consistent with recent Supreme Court decisions paring back Executive Branch overreach, and FHWA is bypassing principles of federalism to further its own policy agenda.
    Click here to read the amicus brief.

    MIL OSI USA News –

  • MIL-OSI USA: Senator Marshall Visits Associated Builders and Contractors Kansas City Chapter

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall
    Kansas City, KS – U.S. Senator Roger Marshall, M.D. visited the Associated Builders and Contract (ABC) association training center in Kansas City, KS this past week. 
    The ABC Kansas City chapter provides workforce development and training programs to contractors and construction-related professionals to help address the construction industry’s national skilled labor shortage. Additionally, ABC Kansas City provides networking, advocacy, and educational opportunities for its members. 
    “A major limiting factor in industries across Kansas is a lack of skilled workers,” Senator Marshall said. “I’m grateful that ABC Kansas City and the meaningful work they are doing for our community and our state to address workforce shortages. They are delivering a message of what hope and hard work can do to keep boosting our Kansas City construction industry and helping our Kansas professionals.” 

    MIL OSI USA News –

  • MIL-OSI USA: Senator Marshall Visits Edwardsville, KS Lineage Logistics Warehouse

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Edwardsville, KS – U.S. Senator Roger Marshall, M.D. visited Edwardsville, KS to tour Lineage Logistics’ innovative temperature-controlled warehouse. 
    Lineage Logistics has three locations in Kansas: Edwardsville, Olathe and Dodge City. The Kansas sites support regional and national supply chains with cold storage, especially important for Kansas’ significant agricultural and food processing industries. Lineage Logistics’ innovative and cutting-edge technologies have boosted Kansas’ agricultural and food processing supply chain capabilities, reducing food waste and energy consumption and streamlining operations throughout the state. 
    “Innovation is the key to the Kansas agriculture industry’s success, and remains vital to helping our farmers feed America- making more with less,” said Senator Marshall. “Lineage Logistics has reinforced Kansas’ role as a leader in agricultural innovation and logistics, and I look forward to their continued work and success.” 

    MIL OSI USA News –

  • MIL-OSI: Oak Valley Bancorp Reports 3rd Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    OAKDALE, Calif., Oct. 18, 2024 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended September 30, 2024, consolidated net income was $7,324,000, or $0.89 per diluted share (EPS), as compared to $5,889,000, or $0.71 EPS, for the prior quarter and $7,354,000, or $0.89 EPS, for the same period a year ago. Consolidated net income for the nine months ended September 30, 2024 was $18,940,000, or $2.30 EPS, compared to $24,983,000 or $3.04 EPS for the same period of 2023.

    The increase in third quarter net income compared to the prior quarter was primarily due to loan recoveries that resulted in a reversal of allowance for credit losses of $1,620,000. The QTD and YTD decreases compared to the same periods of 2023 were related to an increase in deposit interest expense and general operating expenses.

    Net interest income for the three months ended September 30, 2024 was $17,655,000, compared to $17,292,000 in the prior quarter, and $18,938,000 in the same period a year ago. The increase in net interest income over the prior quarter is attributed to earning asset growth and an increase of 3 basis points in the average earning asset yield. The decrease from the same period a year ago is due to an increase in deposit interest expense, as the average cost of funds increased to 0.83% bps for the third quarter of 2024, compared to 0.33% for the comparable period of 2023. The higher interest expense was partially offset by loan growth of $103.9 million over the same period. Net interest margin for the three months ended September 30, 2024 was 4.04%, compared to 4.11% for the prior quarter and 4.34% for the same period last year.

    “Our strong core deposits have helped manage funding costs and maintain a healthy net interest margin. Loan growth is crucial to minimizing future margin compression amid possible interest rate drops. Oak Valley was founded on service-focused relationship banking, which drives these efforts. Our success in growing relationships relies on standing out from our competitors by meeting and surpassing client expectations,” stated Rick McCarty, President and Chief Operating Officer.

    Non-interest income was $1,846,000 for the quarter ended September 30, 2024, compared to $1,760,000 for the prior quarter and $1,566,000 for the same period last year. The increases compared to prior periods was mainly due to unrealized gains on equity securities as a result of lower interest rates.

    Non-interest expense totaled $11,324,000 for the quarter ended September 30, 2024, compared to $11,616,000 in the prior quarter and $10,578,000 in the same quarter a year ago. The decrease compared to the prior period is mainly due to charitable contributions and data processing expense. The third quarter increase compared to the same period a year ago is mainly due to staffing expense and general operating costs related to servicing the growing loan and deposit portfolios.

    Total assets were $1.90 billion at September 30, 2024, an increase of $59.9 million and $65.1 million over June 30, 2024 and September 30, 2023, respectively. Gross loans were $1.08 billion at September 30, 2024, an increase of $5.1 million over June 30, 2024 and $103.9 million over September 30, 2023. The Company’s total deposits were $1.69 billion as of September 30, 2024, an increase of $45.6 million and $23.8 million from June 30, 2024 and September 30, 2023, respectively. Our liquidity position is very strong as evidenced by $213.9 million in cash and cash equivalents balances at September 30, 2024.

    Non-performing assets (“NPA”) remained at zero as of September 30, 2024, as they were for all of 2024 and 2023. The allowance for credit losses (“ACL”) as a percentage of gross loans increased to 1.07% at September 30, 2024, compared to 1.04% at June 30, 2024 and 1.00% at September 30, 2023. The increase over the prior quarter is due to macro-economic forecasts, loan growth and other credit-risk factors included in the ACL calculation which dictated an increase of $358,000 in the ACL. Loan recoveries totaled $2.0 million during the third quarter of 2024, which consisted of two loans that dated back to the recession. The net impact of the $2.0 million loan recoveries and the $358,000 increase in the ACL calculation resulted in a reversal of ACL provisions totaling $1.62 million. Given industry concerns of credit risk specific to commercial real estate, management has performed a thorough analysis of this segment as part of the CECL credit risk model’s ACL computation, concluding that the credit loss reserves relative to gross loans remains at acceptable levels, and credit quality remains stable.

    Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop.

    For more information, call 1-866-844-7500 or visit http://www.ovcb.com.

    This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

    Forward-looking statements are based on management’s knowledge and belief as of today and include information concerning the corporation’s possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.

    Contact: Chris Courtney/Rick McCarty
    Phone: (209) 848-2265
      http://www.ovcb.com
    Oak Valley Bancorp
    Financial Highlights (unaudited)
                 
    ($ in thousands, except per share) 3rd Quarter 2nd Quarter 1st Quarter 4th Quarter 3rd Quarter
    Selected Quarterly Operating Data:   2024     2024     2024     2023     2023  
                 
      Net interest income $ 17,655   $ 17,292   $ 17,241   $ 17,914   $ 18,938  
      (Reversal of) provision for credit losses   (1,620 )   –     –     1,130     300  
      Non-interest income   1,846     1,760     1,519     1,755     1,566  
      Non-interest expense   11,324     11,616     11,529     10,760     10,578  
      Net income before income taxes   9,797     7,436     7,231     7,779     9,626  
      Provision for income taxes   2,473     1,547     1,504     1,914     2,272  
      Net income $ 7,324   $ 5,889   $ 5,727   $ 5,865   $ 7,354  
                 
      Earnings per common share – basic $ 0.89   $ 0.72   $ 0.70   $ 0.72   $ 0.90  
      Earnings per common share – diluted $ 0.89   $ 0.71   $ 0.69   $ 0.71   $ 0.89  
      Dividends paid per common share $ 0.225   $ –   $ 0.225   $ –   $ 0.160  
      Return on average common equity   16.54 %   14.19 %   13.86 %   16.44 %   19.85 %
      Return on average assets   1.56 %   1.30 %   1.26 %   1.27 %   1.57 %
      Net interest margin (1)   4.04 %   4.11 %   4.09 %   4.15 %   4.34 %
      Efficiency ratio (2)   56.96 %   59.12 %   59.61 %   53.08 %   49.89 %
                 
    Capital – Period End          
      Book value per common share $ 22.18   $ 20.55   $ 19.97   $ 20.03   $ 16.29  
                 
    Credit Quality – Period End          
      Nonperforming assets / total assets   0.00 %   0.00 %   0.00 %   0.00 %   0.00 %
      Credit loss reserve / gross loans   1.07 %   1.04 %   1.05 %   1.07 %   1.00 %
                 
    Period End Balance Sheet          
    ($ in thousands)          
      Total assets $ 1,900,455   $ 1,840,521   $ 1,805,739   $ 1,842,422   $ 1,835,402  
      Gross loans   1,075,138     1,070,036     1,039,509     1,016,579     971,243  
      Nonperforming assets   –     –     –     –     –  
      Allowance for credit losses   11,479     11,121     10,922     10,896     9,738  
      Deposits   1,690,301     1,644,748     1,612,400     1,650,534     1,666,548  
      Common equity   185,393     171,799     166,916     166,092     135,095  
                 
    Non-Financial Data          
      Full-time equivalent staff   222     223     219     222     225  
      Number of banking offices   18     18     18     18     18  
                 
    Common Shares outstanding          
      Period end   8,358,711     8,359,556     8,359,556     8,293,168     8,293,468  
      Period average – basic   8,221,475     8,219,699     8,209,617     8,200,177     8,197,083  
      Period average – diluted   8,263,790     8,248,295     8,244,648     8,236,897     8,232,338  
                 
    Market Ratios          
      Stock Price $ 26.57   $ 24.97   $ 24.78   $ 29.95   $ 25.08  
      Price/Earnings   7.52     8.69     8.86     10.55     7.05  
      Price/Book   1.20     1.22     1.24     1.50     1.54  
                 
    (1) Ratio computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
    (2) Ratio computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
      A marginal federal/state combined tax rate of 29.56%, was used for applicable revenue.
                 
                 
        NINE MONTHS ENDED SEPTEMBER 30,      
    Profitability   2024     2023        
    ($ in thousands, except per share)          
      Net interest income $ 52,188   $ 57,888        
      Provision for (reversal of) credit losses   (1,620 )   (160 )      
      Non-interest income   5,125     4,876        
      Non-interest expense   34,469     30,397        
      Net income before income taxes   24,464     32,527        
      Provision for income taxes   5,524     7,544        
      Net income $ 18,940   $ 24,983        
                 
      Earnings per share – basic $ 2.30   $ 3.05        
      Earnings per share – diluted $ 2.30   $ 3.04        
      Dividends paid per share $ 0.450   $ 0.320        
      Return on average equity   14.90 %   23.71 %      
      Return on average assets   1.38 %   1.76 %      
      Net interest margin (1)   4.08 %   4.39 %      
      Efficiency ratio (2)   58.55 %   47.48 %      
                 
    Capital – Period End          
      Book value per share $ 22.18   $ 16.29        
                 
    Credit Quality – Period End          
      Nonperforming assets/ total assets   0.00 %   0.00 %      
      Credit loss reserve/ gross loans   1.07 %   1.00 %      
                 
    Period End Balance Sheet          
    ($ in thousands)          
      Total assets $ 1,900,455   $ 1,835,402        
      Gross loans   1,075,138     971,243        
      Nonperforming assets   –     –        
      Allowance for credit losses   11,479     9,738        
      Deposits   1,690,301     1,666,548        
      Stockholders’ equity   185,393     135,095        
                 
    Non-Financial Data          
      Full-time equivalent staff   222     225        
      Number of banking offices   18     18        
                 
    Common Shares outstanding          
      Period end   8,358,711     8,293,468        
      Period average – basic   8,216,947     8,191,749        
      Period average – diluted   8,252,286     8,228,869        
                 
    Market Ratios          
      Stock Price $ 26.57   $ 25.08        
      Price/Earnings   8.65     6.15        
      Price/Book   1.20     1.54        
                 
      (1) Ratio computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
      (2) Ratio computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
            A marginal federal/state combined tax rate of 29.56%, was used for applicable revenue.

    The MIL Network –

  • MIL-OSI: PIMCO Canada Announces Special Meeting Details for the Proposed Mergers of Certain Closed-end Funds

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — PIMCO Canada Corp. (“PIMCO Canada”) announces further details about the previously announced proposed mergers (the “Mergers”) of PIMCO Tactical Income Fund (TSX: PTI), PIMCO Tactical Income Opportunities Fund (TSX: PTO) and PIMCO Multi-Sector Income Fund (TSX: PIX) (collectively, the “Existing Funds”) into a new closed-end fund to be managed by PIMCO Canada, PIMCO Monthly Enhanced Income Fund (“PMEI”).

    Pursuant to the terms of the Mergers, holders of units of the Existing Funds will become holders of the same class of units of PMEI. PIMCO Canada has determined that it is in the best interests of unitholders of the Existing Funds to merge into a single fund, which would permit PMEI to: (i) increase liquidity on the secondary market, and (ii) benefit from significant economies of scale, including greater investment flexibility. None of the costs and expenses associated with the Mergers will be borne by the Existing Funds or their respective unitholders. All such costs will be borne by the Manager.

    The Mergers will be voted on at special meetings (the “Meetings”) of unitholders of the Existing Funds to be held on December 4, 2024. If required, adjourned meetings will be held on December 5, 2024. The record date for the purpose of determining which unitholders are entitled to receive notice of, and to vote at, the Meetings is October 16, 2024. Subject to the receipt of all necessary regulatory, unitholder and other third party approvals, and obtaining a receipt for the final non-offering prospectus of PMEI, it is expected that the proposed Mergers will take effect on or about December 20, 2024, or such other date as the Manager may determine in its sole discretion.

    In advance of the Meetings, a notice-and-access document will be sent on or about October 31, 2024 to unitholders of record as at October 16, 2024. The notice-and-access document will describe how unitholders can obtain a copy of the management information circular (the “Circular”) that contains full details of the proposed Mergers. The notice-and-access document and the Circular are also available at http://www.sedarplus.ca and http://www.pimco.ca.

    The independent review committee of each Existing Fund has reviewed the proposed Mergers, including the proposed steps to be taken in implementing the proposed Mergers, and has concluded that the proposed Mergers represent the business judgment of the Manager, uninfluenced by considerations other than the best interests of the Existing Funds, and the proposed Mergers will achieve a fair and reasonable result for each of the Existing Funds.

    In addition, in anticipation of the proposed Merger, PIMCO Tactical Income Fund has terminated its “at-the-market” equity program effective today.

    For further information on PIMCO Canada and the PIMCO funds, please visit http://www.pimco.ca or call us at 1 866 341 3350 (416 368 3350 in Toronto).

    About PIMCO
    PIMCO is one of the world’s premier fixed income investment managers. With its launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, the firm continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today PIMCO has offices across the globe and 2,500+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz SE, a leading global diversified financial services provider.

    Forward-Looking Statements

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Funds. The forward-looking statements are not historical facts but reflect the Fund’s, PIMCO Canada and/or PIMCO’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, market factors. Although the Fund, PIMCO Canada and/or PIMCO believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund, PIMCO Canada and/or PIMCO undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other factors which affect this information, except as required by law.

    You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment funds on Toronto Stock Exchange. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    A word about risk: All investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed.

    PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. ©2024, PIMCO

    The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose.

    PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.

    PIMCO Canada Corp. 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2 is a company of PIMCO, 416-368-3350

    Contact:
    Agnes Crane
    PIMCO – Media Relations
    Ph. 212-597-1054
    Email: agnes.crane@pimco.com

    The MIL Network –

  • MIL-OSI USA: Remarks by Vice President Harris at a Campaign Event | Grand Rapids,  MI

    US Senate News:

    Source: The White House
    Riverside ParkGrand Rapids, Michigan
    2:38 P.M. EDT
    THE VICE PRESIDENT:  Good afternoon, Michigan!  Good afternoon.  Can we hear it for Brian?  (Applause.) 
    Good afternoon, Michigan.  It is good — (applause) — oh, it is good to be back.  It’s good to be back.  (Applause.)  Good afternoon.  Oh — (laughs) — oh, my god.  Okay.  (Applause.)  Okay.  Thank you. 
    Okay, let’s get to business.  Let’s get to business.  Thank you.  Thank you.  I am very touched.  (Applause.)  Thank you all.  Oh, it’s good to be back.  Thank you all very much.  Thank you.  Thank you. 
    Okay, let’s get to work.  Let’s get to work.  Let’s get to work.  Let’s get to work. 
    So, let me first thank all of you for taking time out of your very busy lives for us to all be here together this afternoon.  I thank you so very much for all you do, all you have done, and all you will do over these next 18 days.  Thank you all so very much.  (Applause.)  Thank you. 
    This is an incredible group of incredible leaders, and your voice matters so much right now.  And I think there is so much about our campaign that is about the spirit of reminding everyone that we’re all in this together.  We are all in this together.  (Applause.)  So, thank you. 
    And to all the governors who are here with us today — (applause) — I’m telling you, they’re riding thick.  They’re riding thick.  Oh, and they are all — each one of them — such incredible leaders, both for their state and our nation, and such dear friends.  And I thank you all, including, of course, Michigan’s own Governor Whitmer — (applause) — who we love as “Big Gretch.”  (Applause.)
    And to the governors, I want to say you’ve been traveling the country for our campaign, and I’m so deeply grateful for your support. 
    I also want to recognize Senator Stabenow — (applause) — a champion for Michigan; Representative Scholten, who we will reelect to the United States Congress.  (Applause.)  And while we’re at it, let’s send Representative Slotkin to the United States Senate.  (Applause.)
    All right, so we got work to do.  Eighteen day — eighteen days left in one of the most consequential elections of our lifetime.  And as you know, everyone here knows, this election is truly about two very different visions for our nation: Ours that is focused on the future; Donald Trump’s that is focused on the past.  Ours, that is focused on bringing down the cost of living for working families, investing in small businesses, and entrepreneurs.  Ours, that is about protecting reproductive freedom.  (Applause.)  
    But none of that is what we hear from Donald Trump.  Instead, it is just the same old, tired playbook.  He has no plan for how he would address the needs of the American people, and he is, as we have seen, only focused on himself.
    And now he is ducking debates and canceling interviews.
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  Come on. 
    Check this out.  His own campaign team recently said it is because of exhaustion.  (Laughter.)  Well, if you are exhausted on the campaign trail, it raises real questions about whether you are fit for the toughest job in the world.  (Applause.)  Come on.  Come on.
    So, for all these reasons and more, we are here because we know it is time to turn the page.  (Applause.)  It is time to turn the page because America is ready to chart a new way forward.  (Applause.)  America is ready for a new and optimistic generation of leadership that is all of us — (applause) — all of us, which is why Democrats, Republicans, and independents are supporting our campaign.  (Applause.) 
    In fact, earlier this week, over 100 Republican leaders from across the country joined me on the campaign trail, including some who even served in Donald Trump’s own administration — (applause) — the people who know him best, right? 
    And I believe all of this shows that the American people want a president who works for all the people.  (Applause.)  And that has been the story of my entire career.  In my career, I’ve only ever had one client: the people — the people.  (Applause.)
    As a young courtroom prosecutor, I protected women and children.  As attorney general of California, I fought for students and veterans.  As vice president, I have stood up for workers and seniors.  And as president, I will stand up for all Americans — all Americans.  (Applause.) 
    And together, we will build a brighter future for our nation.  Yes, we will.  (Applause.)  Because, by the way, we will win.  (Applause.)  We will win.  We will win.  Come on.
         AUDIENCE:  We will win!  We will win!  We will win! 
         THE VICE PRESIDENT:  (Laughs.)  Yes, we will.
         AUDIENCE:  We will win!  We will win!  We will win!
         THE VICE PRESIDENT:  We will win.  We will win.  And we will win.
    And one of the reasons that we know we are working hard toward that win is because we believe together in building a future — in what we can do together as a nation — and a nation of people who see what we have in common more than what separates us. 
     We will w- — build towards a future where we have an economy that works for all Americans.  We will build what I call an “opportunity economy” so that every American has an opportunity to own a home, buy a car, build wealth, and start a business.  (Applause.) 
     In fact, do we have any small-business owners here?  (Applause.)  I love our small businesses.  I got a plan for you.  I love our small businesses.  Our small businesses are part of the backbone of America’s economy.  Bless you all for the work you are doing. 
     So, under my plan, we will also bring down the cost of housing — (applause) — and we will help entrepreneurs start and grow small businesses. 
     My plan will expand Medicare to cover the cost of home health care for our seniors — (applause) — so that more of our seniors can live with dignity. 
    And, you know, I’ll just give you a little background i- — in terms of a personal story.  So, I took care of my mother when she was sick.  And for any of you who have taken care of an elder relative, you know what that is, right?  It’s about trying to cook something that they can eat.  It’s about trying to find clothes that they can — they can handle on their skin.  It’s about trying, from time to time, to think about something that will put a smile on their face or maybe just make them laugh.  It’s about dignity. 
    But under the current system, and especially for those in the sandwich generation who are raising young kids while you’re taking care of your parents, it’s difficult.  And under the current system, to get help for taking care of your seniors, unless you got the extra money sitting around, you’d have to leave your job or pay down all your savings to qualify for Medicaid.  That’s not right.  That’s not right. 
     So, my plan is about saying, let’s have Medicare cover the cost of home health care for our seniors — (applause) — which is a matter of understanding how real people are living and understanding the importance of everyone being entitled to dignity.  (Applause.)
    Our plan, in terms of an opportunity economy, will lower costs on everything from health care to groceries.  I’ll take on corporate price gouging, because I’ve done it before and I will do it again.  (Applause.)
    My plan will also give middle-class tax cuts to 100 million Americans, including $6,000 tax credit for the first year of a child’s life so that our young parents — (applause) — can do what they naturally want to do, which is parent their children well, but they don’t always have the resources to be able to do it.  So, let’s help them out so that they can buy a car seat, so that they can buy a crib, so that they can take care of that baby’s needs during that critical phase of their development. 
         We all benefit from it.  We all benefit from it.  (Applause.)
         Dignity.
    My plan also invests in American manufacturing and innovation, because I will make sure America, not China, wins the competition for the 21st century.  (Applause.) 
         AUDIENCE:  USA!  USA!  USA!
         THE VICE PRESIDENT:  That’s right.  That’s right.
         AUDIENCE:  USA!  USA!  USA!
     THE VICE PRESIDENT:  And so, to that point and with pride, we all say: We must and we will invest in the industries that built America, like steel, iron, and the great American auto industry.  (Applause.)  And we will ensure that the next generation of breakthroughs, from advanced batteries to electric vehicles, are not just invented but built right here in America by American union workers.  (Applause.)
     And, Michigan, I know I’m going to tell you what you already know, but let us be clear for folks who are watching from different parts of the country.  Contrary to what my opponent is suggesting, I will never tell you what kind of car you have to drive, but here is what I will do.  I will invest in manufacturing communities like Kent County.  (Applause.) 
    Together, we will retool existing factories, hire locally, and work with unions to create good-paying jobs — (applause) — including jobs that do not require a college degree, because here’s where I come from.  I know a college degree is not the only measure of the skills and experience of a qualified worker.  (Applause.)
    And I intend to reexamine federal jobs, when you all elect me president — (applause) — to assess those jobs that should not have that requirement, and then I intend to challenge the private sector to do the same.  (Applause.)
     Now, all of this is to say Donald Trump has a different approach.  He makes big promises — (laughs) — and he always fails to deliver.
    So, remember he said he was the only one — you know how he talks.  (Laughter.)  He — the only one who could bring back America’s manufacturing jobs.
    Then, America lost almost 200,000 manufacturing jobs when he was president.
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  Facts.  Including tens of thousands of jobs right here in Michigan.  And those losses started before the pandemic, making Donald Trump one of the biggest losers — (applause) — of manufacturing jobs in American history. 
    And his track record for the auto industry was a disaster.  He promised workers in Warren that the auto industry would, and I’m going to quote, “not lose one plant” during his presidency.  Those were his words, “not one plant.” 
    Then American automakers announced the closure of six auto plants when he was president, including General Motors in Warren and Stellantis in Detroit.  Thousands of Michigan autoworkers lost their jobs.  And Donald Trump’s running mate recently suggested that if they win, they would threaten the Grand River Assembly plant in Lansing.  Okay?
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  The same plant our administration protected earlier this year, saving 650 union jobs — (applause) — 650 union jobs.  His running mate called those “table scraps.” 
    So, we fought hard for those jobs, and we believe that you deserve a president who will protect them and not insult them.  (Applause.)
    And make no mistake, Donald Trump is no friend of labor.  Let’s be really clear about that.  No matter what the noise is out there, he is no friend of labor.  Just look at the record.  Instead of his rhetoric, look at the record.  And let’s not fall for the okey-doke.  (Laughter.) 
    Seriously.  He encouraged automakers to move their plants out of Michigan so he could pay — they could pay their workers less.  Understand what that was about: so they could pay their workers less. 
    And when the UAW went on strike to demand the higher wages they deserved, Donald Trump went to a nonunion shop —
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  — and attacked the UAW, and he said — he said, striking and collective bargaining don’t make, quote, “a damn bit of sense” — “a damn bit of difference” is what he said exactly.  That it doesn’t make a, quote — pardon my language — “a damn bit of difference,” is what he said. 
    AUDIENCE MEMBER:  He don’t make a damn bit of sense.  (Applause.) 
    THE VICE PRESIDENT:  All right, brother.  (Laughs.)
    So, Michigan, you know better.  Strong unions mean higher wages — (applause) — better health care, and greater dignity for union members and for everyone, whether or not you are part of a union.  (Applause.)  Get that straight.  Get that straight.
    Which is why, when I am president, I will sign the PRO Act into law and make it easier for workers to join a union and negotiate for better pay and working conditions.  (Applause.)
    And now Donald Trump is making the same empty promises to the people of Michigan that he did before, hoping — hoping you will forget how he let you down the last time.  But we will not be fooled, because we know how to read Project 2025.  For those who haven’t seen it, just google it. 
    You know, I just have to keep repeating, I can’t believe they put that thing in writing.  I cannot beli- — they — they put it in — they put it in writing.  They bound it.  They — they published it, and they handed it out.  (Laughter.)  And now they’re trying to run from it.  Come on. 
    And so, we’ve read it.  It’s a detailed and dangerous blueprint for what Donald Trump intends to do if he were elected president.  So, that’s why we know — not only because it’s what he did before — that’s why we know Donald Trump will give billionaires and corporations massive tax cuts, attack unions, cut Social Security and Medicare —
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  — get rid of that hard-fought, hard-won $35 cap on insulin for our seniors.
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  Check out what’s in it.  It will make it easier for companies to deny overtime pay for workers —
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  — and impose what I call a “Trump sales tax,” which is basically — he’s talking about at least a 20 percent tax on everyday necessities, which economists have measured will cost the average family nearly $4,000 more a year.
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  And on top of this, Donald Trump intends to end the Affordable Care Act — okay? — and has no plan to replace it. 
    AUDIENCE MEMBER:  “Concepts”! 
    THE VICE PRESIDENT:  You watched the debate.  (Laughs.)  So, you remember, he has, quote, “concepts of a plan.” 
    AUDIENCE:  “Concepts of a plan!”
    THE VICE PRESIDENT:  “Concepts of a plan.”
    So, he’s going to threaten — he’s going to threaten the health insurance of 45 —
    AUDIENCE MEMBERS:  (Inaudible.)
    THE VICE PRESIDENT:  We need a medic over here.  We need a medic over here.  Let’s — let’s clear a path so they can come through, please.
         AUDIENCE MEMBER:  Don’t forget he’s out on bail! 
    AUDIENCE MEMBER:  Espionage!  (Laughter.)
    THE VICE PRESIDENT:  And we got jokes over here, grounded in reality.  (Laughter.)
         We okay?  Okay.  We’re okay.  Thank you all. 
         So — (applause) — we’re good.  Okay.
    So, you know, where I was going with that is many of you may have heard me say, I do believe that Donald Trump is an unserious man, and the consequences of him ever getting back into the White House are brutally serious — brutally serious. 
    So, on that point about “concepts of a plan,” it’s funny.  We thought it was ridiculously hilarious when we first heard it.  But here’s the thing about that.  He is basically going to threaten the health insurance of 45 million people based on a concept and take us back to when insurance companies could deny people with preexisting conditions.  You remember what that was like?
    Well, we are —
    AUDIENCE:  Not going back!
    THE VICE PRESIDENT:  — not going back.  We are not going back.  We’re not going back.
    AUDIENCE:  We’re not going back!  We’re not going back!  We’re not going back!
    THE VICE PRESIDENT:  We are not going back.  We’re not going back.
    AUDIENCE:  We’re not going back!  We’re not going back!  We’re not going back!
    THE VICE PRESIDENT:  And we are not going back because we intend to move forward — (applause) — because ours is a fight for the future, and it is a fight for freedom — (applause) — like the fundamental freedom of a woman to make decisions about her own body and not have her government tell her what to do.  (Applause.)
    And we here remember how we got to this place, because then-President Donald Trump hand-selected three members of the United States Supreme Court with the intention that they would undo the protections of Roe v. Wade, and they did as he intended. 
    And now, in America, one in three women lives in a state with a Trump abortion ban, many of these with no exception even for rape and incest, which means you’re telling a survivor of a violation to their body that they don’t have a right to make a decision about what happens to their body next? 
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  That’s immoral.  That’s immoral. 
    And I think we all know one does not have to abandon their faith or deeply held beliefs to agree the government should not be telling her what to do — (applause) — not the government.  If she chooses, she will talk to her priest, her pastor, her rabbi, her imam but not the government — not some — some people up in a state capitol — not Donald Trump.
    AUDIENCE:  No!
    THE VICE PRESIDENT:  No. 
    So, let me tell you, when Congress passes a bill to restore the reproductive freedoms nationwide, with your help, as president of the United States, I will proudly sign it into law.  (Applause.)  Proudly.  Proudly.  Proudly. 
    And across our nation, we are witnessing a full-on assault on other hard-fought, hard-won freedoms and rights — fundamental freedoms and rights.  I’m traveling our country.  I mean, attacks on the freedom to vote. 
    You know, in the state of Georgia, they passed a law that makes it illegal to give people food and water for standing in line to vote.  You know, the hypocrisy abounds.  What happened to “love thy neighbor”?  Right?
    Attacks on the freedom to join a union, attacks on the freedom to be safe from gun violence, attacks on the freedom to love who you love openly and with pride.  (Applause.)
    So much is on the line in this election, and you all are spending your precious time here together because we know this is not 2016 or 2020.  The stakes are even higher this time for many reasons, including because, just months ago, the United States Supreme Court basically told the former president he is effectively immune no matter what he does in the White House.
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  Right.  Because we know — just imagine Donald Trump with no guardrails.  Just imagine.  He who has vowed he would be a dictator on day one.  He who calls Americans who disagree with him the “enemy from within.”  You know where that language comes from?  The “enemy from within,” talking about Americans.  He who says he would use the military to go after them — American citizens.  He who has called for the, quote, “termination” of the Constitution of the United States of America. 
    AUDIENCE:  Booo —
    THE VICE PRESIDENT:  And we are clear: Someone who suggests we should terminate the Constitution of the United States should never again have the privilege of standing behind the seal of the president of the United States.  (Applause.)  Never again.  Never again.  Never again.  Never again. 
    AUDIENCE:  Never again!  Never again!  Never again!
    THE VICE PRESIDENT:  Never again. 
    So, Michigan, it all comes down to this.  We know why we’re here together.  We know what’s at stake.  And we are here together for one of the most important of all the reasons: We are here together because we love our country.  (Applause.)  We love our country. 
    We love our country, and we know that it is one of the highest forms of an expression of love of our country, of patriotism, to then fight for our ideals, to fight to realize the promise of America.  That’s what our campaign is about. 
    And Election Day is in 18 short days.  Okay?  And here in Michigan, early voting starts on Saturday, October 26th, which is one week from tomorrow.  (Applause.) 
    So, now is the time to make your plan to vote.  Make a plan.  Make a plan.  And if you have received your ballot in the mail, please do not wait.  Fill it out and return it today. 
    Because, folks, the election is here.  The election is here right now.  And like I know everybody here knows to do, we’ve got to energize and organize and mobilize and remind our neighbors and our friends that their vote is their voice and your voice is your power. 
    In a democracy, while we can hold on to it, our vote is the power that each of us as an individual has.  It’s an extraordinary power, and we will not give it away, and we will not let anyone suppress or silence our power.  Don’t ever let anybody take your power from you.  (Applause.)
    So, Michigan, today I ask you, then, are you ready to make your voices heard?  (Applause.)
         Do we believe in freedom?  (Applause.)
         Do we believe in opportunity?  (Applause.)
         Do we believe in the promise of America?  (Applause.)
         And are we ready to fight for it?  (Applause.)
         And when we fight —
         AUDIENCE:  We win!
         THE VICE PRESIDENT:  — we win.
         God bless you.  And God bless the United States of America.  (Applause.)
                                 END                3:07 P.M. EDT

    MIL OSI USA News –

  • MIL-OSI: Wytec Announces Its Uplisting Preparation to the Nasdaq Capital Markets in Conjunction With Completing Its AI Gunshot Detection Technology

    Source: GlobeNewswire (MIL-OSI)

    SAN ANTONIO, Texas, Oct. 18, 2024 (GLOBE NEWSWIRE) — Wytec (OTCQB:WYTC) has announced today, plans to uplist to the Nasdaq Capital Markets to accelerate their Pilot Smart Sensor Project to be demonstrated in detecting active threats such as gunshots within America’s Independent School Districts (ISD’s) and cities. Wytec’s AI based sensor technology is patent protected and has produced a better than 90% gunshot detection accuracy on over 400,000 live samples and simulated environments.

    The uplisting to Nasdaq includes expanding Wytec’s partnership with the Lemko Corporation under a Master Services Agreement utilizing their collective intellectual property and products to commercialize and offer its Smart Sensor solutions globally. “The Lemko Corporation, with over 50 patents related to its Distributed Mobile Architecture (DMA), will dramatically enhance Wytec’s expansion objective to assist in solving America’s growing gun violence and drug epidemic injuring our children and students within U.S. cities and ISD properties,” states Wytec’s CTO, Robert Sanchez.

    Wytec plans to file its Nasdaq uplisting application in November providing additional exposure to the capital markets and access to its $100M shelf registration contract with Global Emerging Markes, a $3.5 Billion private alternative investment group, focused on emerging markets around the world.

    “We are honored and extremely excited to be partnering with Wytec to deliver such an important capability for our schools and communities,” explained Brian Ponte, Vice President – Sales and Marketing for Lemko. “Our combined efforts will deliver a solution that significantly improves safety and protects our children throughout the United States and abroad.”

    About Wytec

    Wytec is a 5G network development company with proprietary, patent and patent-pending AI/sensor technology designed to support gunshot detection, drug sensing technology for public safety and distance learning solutions for schools and cities.

    For further information about Wytec International, (OTCQB:WYTC), please visit http://www.wytecintl.com or follow us on social media via X (Twitter), or LinkedIn.

    About Lemko

    Lemko Corporation’s patented Distributed Mobile Architecture (DMA) provides the world’s leading fully edge capable mobile network platform. Our mission is to provide simple and resilient 4G/5G wireless networks for use in Industrial IoT applications, private 4G/5G networks, wireless rural broadband systems and military and public safety deployments. Lemko’s DMA systems are designed to be more reliable, survivable and portable than conventional 4G/5G systems. Lemko is based in Schaumburg, Illinois. To learn more about Lemko, visit http://www.lemkocorp.com or follow us at http://www.linkedin.com/company/lemko

    Contact:
    Erica Perez
    210-233-8980
    eperez@wytecintl.com

    Attachment

    The MIL Network –

  • MIL-OSI USA: Remarks by Vice President Harris Before a Campaign Rally | Grand Rapids,  MI

    US Senate News:

    Source: The White House
    Riverside ParkGrand Rapids, Michigan
    2:03 P.M. EDT
    THE VICE PRESIDENT:  Hi, guys. 
    Well, we’re back in Michigan, and it’s good to be back.  And again, we have a situation where the former president is insulting the people of the state — this time saying that autoworkers — that their important and good and highly skilled work could be performed by a child — which is just further evidence that Donald Trump comes from a place where he really does not appreciate or understand how most people in our country work very hard for all that they have and that there is great dignity in their work.
    In addition, I’ve — you know, I’ve been hearing reports that his team, at least, is saying he’s suffering from exhaustion.  And that’s apparently the excuse for why he’s not doing interviews and, of course, he’s not doing the CNN Town Hall.  He refuses to do another debate.
    And, you know, look, being president of the United States is probably one of the hardest jobs in the world.  And so, we really do need to ask: If he’s exhausted being on the campaign trail, is he fit to do the job?  And I think that’s a question that is an open-ended question that he needs to answer.
         Q    Madam Vice —
     THE VICE PRESIDENT:  Thank you all.
         Q    Madam Vice President, there’s a lot of —
    THE VICE PRESIDENT:  Oh, sure.
         Q    You’re in a state where there’s a lot of opposition to you from pro-Palestinian voters.  In light of the recent news this week in the Middle East, I mean, does your message to them change?  What’s your message to them in the final few weeks?
    THE VICE PRESIDENT:  Well, my message remains, first of all, we have got to end this war.  And I think that what has happened now with the — the killing of Sinwar creates an opportunity for us to end this war and bring the hostages home.  And I think everyone wants this war to end, and this is an opportunity to actually get there.
         Q    Madam Vice President, can you explain why it’s — sort of the race still remains incredibly tight?  I know you’ve been out campaigning.  What’s your, sort of, like, thesis of the case of why it remains so tight?
    THE VICE PRESIDENT:  Looks, it’s — it’s an election for president of the United States.  It’s not supposed to be a cakewalk for anyone.  There are very important issues at play.
    And I am clear and I think the people that you hear right now in the background are clear that Donald Trump is unfit for the office, he is unstable, and he, frankly, is a danger to our democracy, as has been described by his former chief of staff, secretaries of Defense, national security advisor, and former vice president.
         Q    The former president has been critical of you not attending the Al Smith dinner last night.  As you were talking about him being exhausted, do you think that that’s one reason why he chose to go to New York City rather than come out here on the campaign trail?
    THE VICE PRESIDENT:  Well, I’m beyond getting into the head of Donald Trump, but I will say it should be a concern.  If he can’t handle the rigors of the campaign trail, is he fit to do the job?  I think it’s a legitimate question.
         Thank you all.
                                 END                2:06 P.M. EDT

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Mike Lawler Announces Major, Multi-Faceted Housing Plan Alongside Local Elected Officials and Realtors

    Source: United States House of Representatives – Congressman Mike Lawler (R, NY-17)

    Today, Congressman Mike Lawler rolled out a multi-faceted housing plan alongside elected officials and realtors from across the Hudson Valley, addressing housing challenges impacting Hudson Valley residents and families across the United States – the Revitalizing America’s Housing Act. The plan calls for a series of bipartisan reforms and policies that would incentivize construction and reduce the lack of affordability, improve the availability of supplies, land, and financing, address the health and safety of our communities’ housing, and vastly improve oversight to ensure resources are being properly utilized and going where they’re needed.

    “I’m proud to be introducing the Revitalizing America’s Housing Act,” said Congressman Lawler. “This plan calls for a series of bipartisan reforms and policies that would incentivize construction and reduce unaffordability, would improve the available of supplies, land, and financing for builders, owners and purchasers, would address the health and safety of our communities’ housing, and would vastly improve oversight to ensure resources are being properly utilized and going where they’re needed.

    “The issues confronting our housing system are myriad and manifold,” Congressman Lawler concluded. “They require a comprehensive set of policy prescriptions to address. The Revitalizing America’s Housing Act will do exactly that. I’m looking forward to continuing to work with my colleagues in both parties to advance this important measure, and I’m going to keep working on common sense solutions to the issues of the day, including our housing crisis, in order to benefit hard-working Hudson Valley families.”

    Congressman Lawler is one of the most bipartisan members of the 118th Congress and represents New York’s 17th Congressional District, which is just north of New York City and contains all or parts of Rockland, Putnam, Dutchess, and Westchester Counties.

    Text of the bill is included HERE.

    A section-by-section breakdown is HERE.

    Footage of today’s announcement can be watched HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Next Generation 911 Helps Save Lives in Wake of Hurricane Helene

    Source: US State of North Carolina

    Headline: Next Generation 911 Helps Save Lives in Wake of Hurricane Helene

    Next Generation 911 Helps Save Lives in Wake of Hurricane Helene
    rxblatchford

    North Carolina’s Next Generation 911 system was put to an unprecedented test with the arrival of Hurricane Helene. This storm was like no other our state had experienced before, but North Carolina’s modernized 911 network kept working during even the worst moments of Helene’s wrath.

    Next Generation 911 technology connects all 124 public safety answering points, or PSAPs for short, that are funded by the N.C. 911 Board, which is part of the N.C. Department of Information Technology (NCDIT). Next Generation 911 utilizes AT&T’s ESInet™, a digital emergency services internet protocol-based network that allows 911 calls to be rerouted from their local PSAP to other PSAPs across the state, along with other enhanced capabilities. 

    This rerouting capability ensured 911 calls to PSAPs affected by the storm in western North Carolina could be answered by PSAPs in non-impacted areas, providing resiliency during a time of uncertainty for residents in the wake of Hurricane Helene.

    “The statewide ESInet was a literal lifesaver during and after Hurricane Helene,” said L.V. Pokey Harris, executive director of the N.C. 911 Board. “Had the old technology and analog network still been in place, the infrastructure would have been destroyed and we would not have had the capability to route calls to other PSAPs and connect people to critical emergency services. Thanks to the resiliency and redundancy of this network, we had no reports of 911 calls not being delivered.”

    In the wake of Hurricane Helene, 19 PSAPs in western North Carolina impacted by the storm rerouted 911 calls to 23 partner PSAPs across the state. From Sept. 26 through Sept. 28, 911 telecommunicators across the state answered a total of nearly 90,000 calls, a 55% increase in call volume over the same timeframe last year.

    In addition, the state’s Network Monitoring and Assistance Center (NMAC) in Raleigh was vital throughout the storm. The first and only of its kind in the nation, the NMAC continuously monitors the service and performance of the statewide ESInet while coordinating efforts to ensure 911 calls are immediately and automatically rerouted based on predetermined route plans established by the PSAPs.

    “Events like Hurricane Helene demonstrate how 911 telecommunicators truly are the first, first responders,” said Jim Weaver, NCDIT Secretary and State Chief Information Officer, who chairs the N.C. 911 Board. “They were the calm and reassuring voice on the other end of the phone during dire circumstances. I want to express my gratitude to them, the PSAP managers and the N.C. 911 Board staff. They have worked around-the-clock, many of them while facing their own challenges in the wake of the storm, to answer calls, ensure the network is operating smoothly and ultimately save lives.”

    “We hope we never experience a storm like Helene ever again,” said Harris. “But if we do, we have confidence in knowing that the N.C. 911 Board’s investment in ESInet produced substantial benefits for North Carolina.”

    Harris added, “I also want to thank our vendor partners AT&T, Intrado and Motorola who worked alongside us around-the-clock to ensure 911 call traffic was routed correctly, and the system and equipment worked exactly as designed.”

    Interested in helping others in times of critical need? Consider a rewarding career as a telecommunicator. Visit the N.C. 911 Board careers page to learn more about the benefits of working for 911 and view opportunities available in your community.

    About Next Generation 911 
    Utilizing AT&T ESInet™, North Carolina’s Next Generation 911 network allows for the secure routing of digital information—including landline calls, cell phone calls and text messages—to the appropriate public safety answering point (PSAP) based on geographic location. It also provides high-speed data network connections that allow every PSAP to serve as a backup for others on the system in the event of a natural disaster or an overload of emergency calls.

    North Carolina began the transition to NG911 in November 2018, when Durham 911 became the first PSAP in the nation to join AT&T ESInet, utilizing a hosted call solution and text messaging. North Carolina was the first state in the country to implement a Network Monitoring and Assistance Center (NMAC) in 2019 to continuously monitor the service and performance of the network statewide.

    About the N.C. 911 Board
    A unit of the N.C. Department of Information Technology, the N.C. 911 Board contracts for the Next Generation 911 network and administers funding to public safety answering points (PSAPs) to create an enhanced statewide 911 system. PSAPs are operated by and under the jurisdiction of counties and other local government entities.

    A single, statewide service charge per connection for any type of voice communication service provider goes to the 911 Fund, which the N.C. 911 Board manages and distributes funds from to support 124 PSAPs in the state. NCDIT Secretary and State Chief Information Officer Jim Weaver serves as the N.C. 911 Board’s chair. 

    Oct 18, 2024

    MIL OSI USA News –

  • MIL-OSI USA: Governor Cooper Proclaims October as Cybersecurity Awareness Month, Reminds North Carolinians to Beware of Hurricane-Related Scams

    Source: US State of North Carolina

    Headline: Governor Cooper Proclaims October as Cybersecurity Awareness Month, Reminds North Carolinians to Beware of Hurricane-Related Scams

    Governor Cooper Proclaims October as Cybersecurity Awareness Month, Reminds North Carolinians to Beware of Hurricane-Related Scams
    kogardner

    Governor Roy Cooper has proclaimed October as Cybersecurity Awareness Month in North Carolina to recognize the ongoing importance of online safety, especially in the wake of Hurricane Helene, which brought historic devastation to the state.

    “Storms like Helene offer prime opportunities for cybercriminals looking to take advantage of others during a crisis situation when they may have their guard down,” Governor Cooper said. “Every North Carolinian must remain vigilant about staying safe online and protecting their personal information.”

    Scammers can pose as official representatives of disaster aid organizations or charities and use phishing emails, social media messages, texts and phone calls to obtain personal and financial information and access devices and networks that hold sensitive data. Be careful with any messages that include hurricane-related subject lines, attachments or hyperlinks.

    “Our department continues to emphasize the importance of cybersecurity education and awareness,” said N.C. Department of Information Technology Secretary and State Chief Information Officer Jim Weaver. “We are committed to ensuring that everyone can access the internet safely and guard against cyberthreats, which can happen to anyone at any time.”

    Here are some ways you can protect yourself, your family and your workplace from online threats: 

    • Recognize, resist and delete phishing attempts. Do not click links or open attachments in suspicious messages. Always double check web and email addresses to make sure they are legitimate. If you think the message could be real, look up another way to contact the company or person directly to verify.
    • Avoid sharing personal information. Don’t send sensitive information such as passwords, account numbers and Social Security Numbers over email, text or chat.
    • Make passwords long, random and unique. Strong passwords should be at least 16 characters and include a random string of mixed-case letters, numbers and symbols. Use a different strong password for each account. Password managers can generate strong passwords and remember them for you.
    • Enable multifactor authentication for every account or app that offers it. Multifactor authentication requires you to enter more information than just a password, such as a text code or fingerprint.
    • Update software. Make sure your devices are running the latest version of operating systems, software and web browsers. When notified about updates, be sure to install them as soon as possible or turn on automatic updates to install updates without any input as soon as they are available.

    The N.C. Department of Information Technology, along with other state, local and federal partners, works to protect North Carolina’s government IT systems, data and assets against cyberthreats.

    In addition, NCDIT’s Division of Broadband and Digital Equity has launched a series of grant programs that have awarded $44 million to date to ensure North Carolinians can access and afford high-speed internet, obtain digital devices and safely and effectively navigate today’s digital world.

    NCDIT will share tips and information on social media using hashtags #SecureOurWorld and #CyberSecureNC throughout the month. More information about online safety is available at it.nc.gov/CyberSecureNC.

    Read the proclamation.

    Oct 14, 2024

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Centers Open in Avery and McDowell Counties

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Centers Open in Avery and McDowell Counties

    Disaster Recovery Centers Open in Avery and McDowell Counties

    RALEIGH, N.C. –  Two Disaster Recovery Centers (DRC) will open Saturday, Oct. 19 in Newland (Avery County) and Old Fort (McDowell County) to assist North Carolina survivors who experienced loss from Tropical Storm Helene. This is the second DRC to open in McDowell County; the first McDowell County DRC is located in Sylva. 

    The Avery County DRC is located at:  

    Maryland Community College-Avery Campus

    785 Cranberry St.

    Newland, NC 28657

    Open: 8 a.m. – 7 p.m., Monday through Sunday

    The second McDowell County DRC is located at:  

    A.C. “Bud” Hogan Community Center

    909 East Main St. 

    Old Fort, NC 28762

    Open: 8 a.m. – 7 p.m., Monday through Sunday

    A DRC is a one-stop shop where survivors can meet face-to-face with FEMA representatives, apply for FEMA assistance, receive referrals to local assistance in their area, apply with the U.S. Small Business Administration (SBA) for low-interest disaster loans and much more.  

    FEMA financial assistance may include money for basic home repairs, personal property losses or other uninsured, disaster-related needs, such as childcare, transportation, medical needs, funeral, or dental expenses. 

    Centers are already open in Asheville, Bakersville, Boone, Brevard, Hendersonville, Jefferson, Lenoir, Marion, Sylva and Waynesville. To find those center locations, go to fema.gov/drc or text “DRC” and a zip code to 43362. Additional recovery centers will open soon. All centers are accessible to people with disabilities or access and functional needs and are equipped with assistive technology.   

    Homeowners and renters in 39 North Carolina counties and tribal members of the Eastern Band of Cherokee Indians can visit any open center, including locations in other states. No appointment is needed.  

    It is not necessary to go to a center to apply for FEMA assistance. The fastest way to apply is online at DisasterAssistance.gov or via the FEMA app. You may also call 800-621-3362. If you use a relay service, such as video relay, captioned telephone or other service, give FEMA your number for that service. 

    barbara.murien…

    MIL OSI USA News –

  • MIL-OSI USA: Dakota Tom’s Sandwiches Recalls Pepperjack Cheeseburger, Bacon Cheeseburger and The Gambler Because of Possible Health Risk

    Source: US Department of Health and Human Services – 3

    Summary

    Company Announcement Date:
    FDA Publish Date:
    Product Type:
    Food & Beverages
    Foodborne Illness
    Reason for Announcement:

    Recall Reason Description

    Potential Foodborne Illness – Listeria monocytogenes

    Company Name:
    Dakota Tom’s Sandwiches
    Brand Name:

    Brand Name(s)

    Dakota Tom’s

    Product Description:

    Product Description

    Pepperjack Cheeseburger, Bacon Cheeseburger and The Gambler

    Company Announcement

    FOR IMMEDIATE RELEASE- Dakota Tom’s Sandwiches Corsica, SD is voluntarily recalling our Pepperjack Cheeseburger, Bacon Cheeseburger and The Gambler due to the burger patty being included in a recall from an outside supplier (BrucePac). The ingredient supplier (BrucePac) recall is due to possible Listeria monocytogenes contamination.

    Listeria monocytogenes is an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Although healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, Listeria infection can cause miscarriages and stillbirths among pregnant women.

    These sandwiches were distributed in grocery stores, convenience stores, etc. in the following states: SD, ND, MN, IA, WY. Pepper Jack Cheeseburger UPC 737296806008, The Gambler UPC 737296601788, Bacon Cheeseburger UPC 3729680300, With a Best By Date ranging 9/1/24 – 11/23/24.

    No illnesses have been reported to date for our product.

    Dakota Tom’s Sandwiches is no longer using this ingredient from the ingredient supplier’s (BrucePac) impacted facility.

    Consumers who have purchased these sandwiches should not consume; rather, they may return it to the store for a full refund or discard the item.

    Consumers who have questions regarding this recall may call Dakota Tom’s Sandwiches at the following number:

    Company Contact Information

    Consumers:
    605-946-5123

    Product Photos

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Assistance for Virginia Survivors Tops $5 Million

    Source: US Federal Emergency Management Agency

    Headline: Disaster Assistance for Virginia Survivors Tops $5 Million

    Disaster Assistance for Virginia Survivors Tops $5 Million

    BRISTOL, Va.— More than $5 million in federal disaster assistance has been approved for homeowners and renters in Virginia following the impacts of Tropical Storm Helene. 

    This milestone is accompanied by other important moments in disaster assistance and recovery in the commonwealth. Over 1,200 people have visited one of the six DRCs located throughout southwest Virginia. And more than 6,200 Virginians have now registered with FEMA for assistance. 

    “As we pass another milestone in assistance to survivors, we are reminded that Tropical Storm Helene left behind significant devastation.” said FEMA Federal Coordinating Officer Timothy Pheil. “We are here to help and are grateful to work alongside our federal, commonwealth and local partners to continue assisting survivors.” 

    In addition to support for survivors including assistance towards disaster-related essential needs, home repairs and personal property losses, Disaster Unemployment Assistance is now available for Virginians whose work, including self-employment, was directly impacted by Tropical Storm Helene. This program provides unemployment assistance to those who do not otherwise qualify for Virginia’s unemployment insurance. More information on this program can be found on the Virginia Employment Commission website here: Disaster Unemployment Assistance | Virginia Employment Commission

    The United States Department of Agriculture (USDA) is also standing by to assist producers as they work to recover their operations in the wake of Hurricane Helene through a suite of programs. For more information, visit the USDA Disaster Resource Center website here: Hurricane Helene | USDA

    Impacted individuals in Bedford, Bland, Carroll, Giles, Grayson, Pittsylvania, Russell, Montgomery, Pulaski, Scott, Smyth, Tazewell, Washington, Wise, and Wythe counties and cities of Galax and Radford can apply today by visiting http://www.disasterassistance.gov, using the FEMA mobile app, calling 1-800-621-3362, or visiting a DRC.

    If you have already applied for FEMA assistance and have questions about the status of your application or any FEMA letters you have received, call the FEMA helpline at 1-800-621-3362 or visit a DRC. FEMA staff are ready to help answer your questions.

    SBA Business Recovery Centers (BRCs) are now up and running to help businesses get back on their feet from damage they sustained during the storms. More information about BRCs can be found here: Recovery Center locations | U.S. Small Business Administration (sba.gov).

    FEMA has set up a rumor response webpage to clarify our role in the Helene response. Visit Hurricane Helene: Rumor Response | FEMA.gov. 

    For more information on Virginia’s disaster recovery, visit vaemergency.gov,  the Virginia Department of Emergency Management Facebook page , fema.gov/disaster/4831 and facebook.com/FEMA.  

    ###

    FEMA’s mission is helping people before, during, and after disasters. FEMA Region 3’s jurisdiction includes Delaware, the District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia. Follow us on X at x.com/FEMAregion3 and on LinkedIn at linkedin.com/company/femaregion3.

    To apply for FEMA assistance, please call the FEMA Helpline at 1-800-621-3362, visit https://www.disasterassistance.gov/, or download and apply on the FEMA App. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. Multilingual operators are available (press 2 for Spanish and 3 for other languages). Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency, or economic status.

    erika.osullivan

    MIL OSI USA News –

  • MIL-OSI USA: Manning Leads Members of NC Democratic Delegation to Call on Social Media Companies, TV Broadcasters to Combat Hurricane Helene Response Misinformation

    Source: United States House of Representatives – Congresswoman Kathy Manning (NC-06)


    •  


    •  

    •  

    MIL OSI USA News –

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

    Source: IMF – News in Russian

    October 18, 2024

    • The IMF Board completed the first review under the Extended Credit Facility (ECF) for Ethiopia, allowing the authorities to draw the equivalent of about US$340.7 million (SDR 255.6 million). The ECF was approved by IMF Board in July 2024 and forms part of a US$10.7 billion support package from development partners and creditors for Ethiopia.
    • The Ethiopian authorities have shown strong commitment to their homegrown economic reform program. Implementation of ECF-supported reforms is advancing well.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed today the first review of the 48-month Extended Credit Facility (ECF) for Ethiopia. The Board’s decision allows for an immediate disbursement of about US$340.7 million (SDR 255.6 million), which will help Ethiopia meet its balance of payments needs. The completion of the review brings total disbursements under the arrangement to about US$1.363 billion.

    Ethiopia’s ECF arrangement for a total of SDR 2.556 billion (850 percent of quota) or about US$3.4 billion at the time of program approval on July 29, 2024 (see Press Release 24/291) is aimed at supporting the authorities’ Homegrown Economic Reform Agenda (HGER) to address macroeconomic imbalances and lay the foundations for private sector led growth.

    All quantitative performance criteria and four out of five structural benchmarks for the first review have been met. The emergency liquidity assistance framework has been finalized prior to Board approval with a slight delay from end-September target date.

    The implementation of the authorities’ economic program, including the transition to the new exchange rate regime, has been commendable. The spread between the formal and parallel market exchange rates has narrowed to low levels, with little sign of disruption to the broader economy. The supply of foreign exchange is picking up, helping alleviate acute foreign exchange shortages. Nonetheless, some unmet foreign exchange demand persists as economic agents are still adjusting to the new FX regime.

    Steady implementation of the HGER reform plan will be key to macroeconomic stability and stronger economic growth. Continued tight monetary policy and elimination of monetary financing of the government will be key to durably reducing inflation. Expanding social safety nets is critical to mitigating the impact of reforms on vulnerable people. Maintaining momentum on domestic revenue mobilization and structural reforms in the SOE sector is essential to creating sufficient space for social and developmental capital spending.

    The authorities continue their efforts to restore debt sustainability. Financing assurances and adjustment efforts are consistent with IMF policy requirements and program parameters.

    Following the Executive Board discussion, Mr. Bo Li, Deputy Managing Director and Chairman of the Board, made the following statement:

    “Ethiopia’s program under the ECF has made a solid start, and the transition to a more flexible exchange rate has progressed well. Transitional one-off arrangements to address the foreign exchange (FX) backlog from past fuel imports are in place, relying principally on market participants with an additional contribution from the National Bank of Ethiopia (NBE). As economic agents adjust to the new FX regime, reform momentum and clear communication will need to continue to ensure a fully successful and sustained switch to a floating exchange rate.

    “Continuing to restrict NBE’s FX interventions and additional policy measures to support FX market development will be critical to enhance market efficiency and deepening. Prudent macroeconomic policies, including continued tight monetary policy and the elimination of monetary financing of government deficits are essential to reducing imbalances and shoring up macroeconomic stability.

    “Implementation of the early stages of the authorities’ monetary policy reforms and the shift to an interest-rate based regime has been encouraging, including the steady uptake of NBE open market operations. The authorities should step up efforts to improve monetary policy transmission, including by enhancing treasury bill market functioning. Close supervision and enforcement of net open position regulations for banks will help address financial sector vulnerabilities. 

    “The authorities have embarked on ambitious and comprehensive tax mobilization reforms, which will be guided by the recently approved National Medium-Term Revenue Strategy. The new VAT law further streamlines exemptions, expands the revenue base, and strengthens administration and compliance framework. Sustained tax revenue mobilization reforms are critical for creating sufficient space for social and development spending needs. The authorities are implementing plans to expand the targeted social safety net (PSNP), which will deliver cost-effective and efficient support to vulnerable people and mitigate the social impact of the FX reform. 

    “Amendments to the law governing the NBE tabled in Parliament include important improvements to the NBE’s mandate, functions, and powers. Robust lender-of-last resort provisions and legal safeguards to central bank autonomy and governance will also be important.

    Continued steps to secure debt treatment is crucial to restore debt sustainability. The progress made on debt restructuring negotiations under the Common Framework is welcome. The authorities are working to reach an agreement on debt treatment with official creditors by the time of the second program review. Negotiations with commercial creditors should follow on comparable terms. The authorities plan to develop a debt management strategy with Fund technical assistance.”

    Ethiopia Selected Economic Indicators, 2021/22-2028/29

    2021/22

    2022/23

    2023/24

    2024/25

    2025/26

    2026/27

    2027/28

    2028/29

    Proj.

    Proj.

    Proj.

    Proj.

    Proj.

    Proj.

    Output

    Real GDP growth (%)

    6.4

    7.2

    6.1

    6.5

    7.1

    7.7

    8.0

    7.8

    Prices

    Inflation – average (%)

    33.9

    32.5

    26.6

    25.0

    16.7

    12.2

    10.4

    9.6

    General government finances

    Revenue (% GDP)

    8.1

    7.9

    7.5

    8.4

    9.8

    10.9

    11.3

    11.5

    Expenditure (% GDP)

    12.7

    10.8

    9.9

    11.5

    12.4

    13.4

    13.7

    14.0

    Fiscal balance, including grants (% GDP)

    -4.2

    -2.6

    -2.0

    -1.7

    -2.1

    -2.0

    -2.0

    -2.0

    Public debt (% GDP)1

    48.9

    40.2

    34.7

    43.6

    39.1

    36.0

    33.6

    31.6

    Money and Credit

    Broad money (% change)

    27.2

    26.6

    14.1

    28.4

    28.3

    30.6

    22.1

    21.0

    Credit to private sector and state-owned enterprises (% change)

    18.9

    24.1

    9.7

    -14.3

    37.9

    40.1

    24.2

    21.1

    Balance of payments

    Current account (% GDP)

    -4.0

    -2.8

    -2.4

    -4.4

    -3.3

    -2.5

    -2.1

    -1.9

    FDI (%GDP)

    2.6

    2.1

    1.6

    2.7

    3.2

    2.9

    3.0

    3.0

    Reserves (in months of imports)

    0.8

    0.5

    0.7

    1.4

    2.1

    2.6

    3.5

    3.6

    External debt (% GDP)

    24.0

    18.1

    15.4

    28.9

    26.8

    24.5

    22.5

    19.7

    Exchange rate

    Real effective exchange rate (% change, end of period, depreciation –)

    10.1

    24.0

    …

    …

    …

    …

    …

    …

    1/Public and publicly guaranteed external debt, which includes long-term foreign liabilities of NBE and external debt of Ethio-Telecom. Does not include expected debt relief.

    For digital posting, please submit press release with an editable table (no images) already inserted in Microsoft Word file to ensure that the data in the SEI table is displayed as prepared.]

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Tatiana Mossot

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/18/pr-24383-ethiopia-imf-completes-the-1st-review-under-the-ecf-arrangement

    MIL OSI

    MIL OSI Russia News –