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Category: KB

  • MIL-OSI: FINANCIAL 15 SPLIT CORP. Monthly Dividend Declaration for Class A & Preferred Share

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Financial 15 Split Corp. (“Financial 15”) declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annualized) and $0.07708 for each Preferred share ($0.925 annually). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    Since inception Class A shareholders have received a total of $26.31 per share and Preferred shareholders have received a total of $11.97 per share inclusive of this distribution, for a combined total of $38.28.

    Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

    Distribution Details
       
    Class A Share (FTN) $0.12570
    Preferred Share (FTN.PR.A) $0.07708
    Record Date: October 31, 2024
    Payable Date: November 8, 2024
       

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    http://www.financial15.com
    info@quadravest.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Income Financial Declares Monthly Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Income Financial Trust (“Income Financial”) declares its monthly distribution of $0.06642 per unit. The distribution is payable November 8, 2024 to unit holders on record as at October 31, 2024. 

    Under the distribution policy announced on November 18, 2013, the monthly distribution is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of Income Financial’s units over the last 3 trading days of the preceding month. As a result, holders of record on October 31, 2024 will receive a dividend of $0.06642 per unit based on the VWAP of $7.97 payable on November 8, 2024. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy. 

    Income Financial unitholders have received a total of $38.66 per unit in distributions since inception, inclusive of this distribution. 

    Income Financial invests in a portfolio of North American financial services companies including some of the strongest Canadian & U.S. banks, life insurance and investment firms. 

    Distribution Details  
       
    Trust Unit (INC.UN) $0.06642
       
    Record Date: October 31, 2024
       
    Payable Date: November 8, 2024
       

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    http://www.quadravest.com 
    info@quadravest.com 

    The MIL Network –

    January 24, 2025
  • MIL-OSI: DIVIDEND 15 SPLIT CORP. II Monthly Dividend Declaration for Class A & Preferred Share

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. II (“Dividend 15 II”) declares its monthly distribution of $0.10000 for each Class A share and $0.04792 for each Preferred share. Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    Since inception Class A shareholders have received a total of $15.30 per share and Preferred shareholders have received a total of $9.67 per share inclusive of this distribution, for a combined total of $24.97.

    Dividend 15 II invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

    Distribution Details
       
    Class A Share (DF) $0.10000
    Preferred Share (DF.PR.A) $0.04792
    Record Date: October 31, 2024
    Payable Date: November 8, 2024

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    http://www.dividend15.com
    info@quadravest.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI: FINANCIAL 15 SPLIT CORP. Monthly Dividend Declaration for Class A & Preferred Share

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Financial 15 Split Corp. (“Financial 15”) declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annualized) and $0.07708 for each Preferred share ($0.925 annually). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    Since inception Class A shareholders have received a total of $26.31 per share and Preferred shareholders have received a total of $11.97 per share inclusive of this distribution, for a combined total of $38.28.

    Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

    Distribution Details
       
    Class A Share (FTN) $0.12570
    Preferred Share (FTN.PR.A) $0.07708
    Record Date: October 31, 2024
    Payable Date: November 8, 2024
       

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    http://www.financial15.com
    info@quadravest.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Canadian Banc Corp. (The “Company”) declares its monthly distribution of $0.14238 for each Class A share and $0.06625 for each Preferred share. Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    Under the distribution policy announced in November 2021, the monthly dividend payable on the Class A shares is determined by applying a 15% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 3 trading days of the preceding month. As a result, Class A shareholders of record on October 31, 2024 will receive a dividend of $0.14238 per share based on the VWAP of $11.39 payable on November 8, 2024. The yield will remain stable at 15.00% (based on the VWAP) under this distribution policy.

    Preferred shareholders will receive prime plus 1.50% with a minimum rate of 5.00% and a maximum rate of 8.00%. 

    Since inception Class A shareholders have received a total of $22.80 per share and Preferred shareholders have received a total of $10.77 per share inclusive of this distribution, for a combined total of $33.56. 

    The Company invests in a portfolio of six publicly traded Canadian Banks as follows: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Bank of Nova Scotia, Toronto-Dominion Bank. Shares held within the portfolio are expected to range between 5-20% in weight but may vary at any time. To generate additional returns above the dividend income earned on the PRESS RELEASE portfolio, The Company engages in a selective covered call writing program.

    Distribution Details  
       
    Class A Share (BK) $0.14238
       
    Preferred Share (BK.PR.A) $0.06625
       
    Record Date: October 31, 2024
       
    Payable Date: November 8, 2024
       

    Investor Relations:
    1-877-478-2372
    Local: 416-304-4443
    http://www.canadianbanc.com
    info@quadravest.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI: TDb Split Corp. Regular Monthly Dividend Declaration for Priority Equity Share

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — TDb Split Corp. (“TDb Split”) declares its regular monthly distribution of $0.04375 for each Priority Equity share ($0.525 annually). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    There will not be a distribution paid to the Class A Shares for October 31, 2024 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $12.50.

    The composition of TDb Split’s investment portfolio currently meets the requirements of the Priority Equity Portfolio Protection Plan (as described in the Annual Information Form).

    Since inception, Class A shareholders have received a total of $7.90 per share and Priority Equity shareholders have received a total of $9.05 per share inclusive of this distribution, for a combined total of $16.95.

    TDb Split invests in common shares of Toronto-Dominion Bank, a leading Canadian Financial institution.

    Distribution Details  
       
    Priority Equity Share (XTD.PR.A) $0.04375
    Record Date: October 31, 2024
    Payable Date: November 8, 2024
       
       

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    http://www.tdbsplit.com
    info@quadravest.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — New Commerce Split (The “Company”) declares its monthly distribution of $0.02500 per share ($0.30 annually), for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B). The Class I Preferred share dividends are paid at an annual rate of 6.00% based on the $5 repayment amount. Class II Preferred share dividends are paid at an annual rate of 7.50% based on their $5 repayment amount. Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

    Distribution Details  
       
    Class I Preferred Share (YCM.PR.A) $0.02500
    Class II Preferred Share (YCM.PR.B) $0.03125
    Record Date: October 31, 2024
    Payable Date: November 8, 2024
       
       

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    http://www.commercesplit.com
    info@quadravest.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI: DIVIDEND 15 SPLIT CORP. II Monthly Dividend Declaration for Class A & Preferred Share

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. II (“Dividend 15 II”) declares its monthly distribution of $0.10000 for each Class A share and $0.04792 for each Preferred share. Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    Since inception Class A shareholders have received a total of $15.30 per share and Preferred shareholders have received a total of $9.67 per share inclusive of this distribution, for a combined total of $24.97.

    Dividend 15 II invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

    Distribution Details
       
    Class A Share (DF) $0.10000
    Preferred Share (DF.PR.A) $0.04792
    Record Date: October 31, 2024
    Payable Date: November 8, 2024

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    http://www.dividend15.com
    info@quadravest.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI Security: Defense News: NPS Salutes Outgoing Dean of Students, SEAL “Bull Frog” Takes Over

    Source: United States Navy

    Martinsen, a Fulbright scholar and NPS Department of Applied Mathematics associate professor, was asked to step-in as Dean of Students over the last year to fill a critical gap. He will now return to teaching, in addition to his new duties as Associate Provost for Academic Affairs.

    NPS President retired Vice Adm. Ann Rondeau commended Martinsen for ably leading his team and the NPS student body through four graduations, incoming classes and the implementation of an initiative to vastly increase the number of newly commissioned ensigns coming directly from the U.S. Naval Academy and other commissioning programs.

    “Our students are the mission at NPS, and Capt. Martinsen has always put their success at the forefront of his work,” said Rondeau. “He did not hesitate to say yes when asked to take the Dean of Students role, and like the true leader he is, Martinsen set the bar even higher for his team, and inspired us all by his personal commitment to the institution.”

    For his accomplishments and exceptionally meritorious performance, Rondeau presented Martinsen with the Legion of Merit. He then spoke to the audience, offering his gratitude for the unique opportunity to lead NPS students, especially noting the hard work of his student services team who process graduating and incoming resident students, which in June alone totaled more than 800.

    “Student Services is not just an outstanding team, it’s a family into which I was welcomed and am proud to have been a part of during my time as Dean of Students,” Martinsen remarked. “For me, it is hard to put into words just how rewarding it is to see our warrior scholar students grow academically. If ever there was a doubt as to how this country will respond to the myriad of challenges we currently face, one need only look to the skill, strength, and motivation of these young leaders to know that we will be alright.”

    Rondeau also commented on NPS’ extraordinary good fortune to have a leader of Skalski’s caliber as incoming Dean of Students.  “He is a warrior’s leader,” Rondeau said, noting Skalski’s career as a Navy SEAL who comes to NPS directly from Commander, Task Force 66, part of U.S. Naval Forces Europe and Africa / U.S. Sixth Fleet.

    Skalski’s achievements as a Navy SEAL and commander through multiple conflicts over his near 40-year career bring a distinct operational focus to his tenure as NPS Dean of Students. In addition, Skalski’s time in service makes him the 19th “Bull Frog” in the SEAL community, a moniker given to their to longest serving active-duty member, and is a measure of leadership that makes him ideally suited to command the student military element at NPS.

    Martinsen and Skalski then read their orders. As is the time-honored tradition for a change of command, Martinsen turned to Skalski and said, “I am ready to be relieved,” to which Skalski then replied, “I relieve you.” He then took to the podium to offer his thoughts to the assembled audience as NPS’ new Dean of Students.

    “The opportunity to serve here at Naval Postgraduate School is truly a gift and an opportunity,” he said. “There are many challenges ahead. While I saw technology advances in artificial intelligence, and the integration of robotics and autonomous systems change the fabric of the battlefield in real-time, the human element will always be the decisive difference. This is where our asymmetric advantage, the warfighter or in this case, the NPS graduate student, comes in.”

    “I’ve seen the power of teamwork and resilience during my career,” he continued. “I know that with the talent and dedication in this room and across the NPS campus, we can turn these challenges into opportunities.”

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Security: NATO Secretary General: Strengthening deterrence “top priority”

    Source: NATO

    NATO Defence Ministers wrapped up two days of talks on Friday (18 October) with a commitment to further support Ukraine, strengthen ties with partners in the Asia-Pacific and reinforce the Alliance’s deterrence and defence.

    “Strengthening our deterrence and defence is this Alliance’s top priority, because keeping our one billion people safe is NATO’s most sacred duty,” NATO Secretary General Mark Rutte said after the meeting. The Secretary General cited greater defence industrial capacity, more secure supply chains, and new technologies as critical to ensuring the Alliance’s security. Mr. Rutte added that NATO was making a fresh push for common munitions standards and more joint procurement to drive down costs and improve ease of use among Allies. NATO operations in the Western Balkans and Iraq were also on the agenda.

    Addressing the issue of Allied airspace breached by Russian drones, the Secretary General said that air and missile defence remains an Alliance priority. He highlighted the airspace violation in Romania yesterday and affirmed NATO’s solidarity with Romania, commending Romanian authorities and SACEUR for “their quick and effective response.” This was possible, in part, because NATO is stepping up surveillance on its eastern flank as part of a broader effort to reinforce deterrence. Mr Rutte went on to emphasise that Allies are purchasing hundreds of modern fighter aircraft and air defences systems.  

    Warning of Russia’s “increasingly irresponsible rhetoric”, the Secretary General said the Alliance’s nuclear deterrent remains “vital” to preserve peace, prevent coercion and deter aggression.

    On Thursday (17 October), NATO Defence Ministers were joined for the first time by their counterparts from Australia, Japan, the Republic of Korea and New Zealand for talks on common security challenges, including in the context of Ukraine and the support that China, North Korea, and Iran are providing to Russia’s war effort.

    Later on Thursday, Ukrainian President Volodymyr Zelensky joined Ministers in the NATO-Ukraine Council and provided an overview of his plan for ending the war. The discussion among Defence Ministers with their Ukrainian counterpart, Rustem Umerov, focused on Ukraine’s most urgent needs, including equipment and training. The Secretary General noted that work is well underway to set up NATO’s new command to coordinate security assistance and training for Ukraine, and to deliver on the pledge of 40 billion euros in military aid. He reiterated that Ukraine’s path to NATO membership is irreversible. “Ukraine will be member of NATO, there is no doubt about it, and until that happens we will make sure that Ukraine has everything it needs to prevail,” he said.

    MIL Security OSI –

    January 24, 2025
  • MIL-OSI Canada: Government of Canada investing nearly $50,000 in Algoma-area textile industry

    Source: Government of Canada News

    News release

    Terry Sheehan, Member of Parliament for Sault Ste. Marie, and Parliamentary Secretary to the Minister of Labour and Seniors, today announced an unconditionally repayable FedNor investment of $47,752 in the Masters Fibre Mill and Alpaca Farm. The announcement was made on behalf of the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor.

    FedNor funds will help support the expansion of Masters Fibre Mill and Alpaca Farm

    October 18, 2024 – Richards Landing, Ontario – Federal Economic Development Agency for Northern Ontario – FedNor

    Terry Sheehan, Member of Parliament for Sault Ste. Marie, and Parliamentary Secretary to the Minister of Labour and Seniors, today announced an unconditionally repayable FedNor investment of $47,752 in the Masters Fibre Mill and Alpaca Farm. The announcement was made on behalf of the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor

    The funds will be used to acquire new machinery and hardware and to receive relevant training, and to upgrade facilities. Specifically, Masters Mill will purchase an automated 3D knitting machine, which will allow the business to expand product offerings, increase revenues, and reach new markets. The equipment will support the creation of products such as knit sweaters, toques, and mitts, making Masters Mill the only company in Canada producing those items using only Canadian fibre.

    The FedNor funds announced today are provided through the Targeted Manufacturing Initiative for Northern Ontario (TMINO), which helps existing Northern Ontario manufacturers upgrade and improve capital equipment used in manufacturing processes, including information and communications technology, to improve their competitiveness and productivity.

    Quotes

    “Small business like Masters Fibre Mill and Alpaca Farm in Northen Ontario are essential to the Canadian economy and critical to supporting communities across the country. By investing in small businesses like these, the Government of Canada is building a stronger economy that works for everyone.”

    –       The Honourable Patty Hajdu, Minister of Indigenous Services and Minister Responsible for FedNor

    “St. Joseph Island is a highlight of Algoma region and attracts visitors from across Northern Ontario. By supporting Masters Mill, these FedNor funds are supporting a local small business, and small businesses support communities. This project will help create new opportunities while serving tourists and customers from near and far.”

    –       Terry Sheehan, Member of Parliament for Sault Ste. Marie, and Parliamentary secretary to the Minister of Labour and Seniors

    “The work we do at Masters Fibre Mill and Alpaca Farm is a labour of love. This project will allow us to create farm-to-fashion garments, which will help turn Canadian fibres into 100% designed and made-in-Canada finished products. We are proud to partner with FedNor in growing our business, and look forward to the future opportunities their investment will help create.”

    –       Lorna Masters, Owner, Masters Fibre Mill and Alpaca Farm

    Quick facts

    • Masters Fibre Mill and Alpaca Farm, located on St. Joseph Island, mills fibre from sheep and alpaca into finished products, such as yarn. They also maintain a small herd of alpacas to produce fibre.

    Associated links

    Contacts

    Jennifer Kozelj
    Press Secretary
    Office of the Minister of Indigenous Services and Minister responsible for FedNor
    jennifer.kozelj@sac-isc.gc.ca

    Federal Economic Development Agency for Northern Ontario
    Media Relations

    MIL OSI Canada News –

    January 24, 2025
  • MIL-OSI Global: Some people love to scare themselves in an already scary world − here’s the psychology of why

    Source: The Conversation – USA – By Sarah Kollat, Teaching Professor of Psychology, Penn State

    A controlled scary experience can leave you exhilarated and relaxed afterward. gremlin/E+ via Getty Images

    Fall for me as a teenager meant football games, homecoming dresses – and haunted houses. My friends organized group trips to the local fairground, where barn sheds were turned into halls of horror, and masked men nipped at our ankles with (chainless) chain saws as we waited in line, anticipating deeper frights to come once we were inside.

    I’m not the only one who loves a good scare. Halloween attractions company America Haunts estimates Americans are spending upward of US$500 million annually on haunted house entrance fees simply for the privilege of being frightened. And lots of fright fans don’t limit their horror entertainment to spooky season, gorging horror movies, shows and books all year long.

    To some people, this preoccupation with horror can seem tone deaf. School shootings, child abuse, war – the list of real-life horrors is endless. Why seek manufactured fear for entertainment when the world offers real terror in such large quantities?

    As a developmental psychologist who writes dark thrillers on the side, I find the intersection of psychology and fear intriguing. To explain what drives this fascination with fear, I point to the theory that emotions evolved as a universal experience in humans because they help us survive. Creating fear in otherwise safe lives can be enjoyable – and is a way for people to practice and prepare for real-life dangers.

    Fear can feel good

    Controlled fear experiences – where you can click your remote, close the book, or walk out of the haunted house whenever you want – offer the physiological high that fear triggers, without any real risk.

    When you perceive yourself under threat, adrenaline surges in your body and the evolutionary fight-or-flight response is activated. Your heart rate increases, you breathe deeper and faster, and your blood pressure goes up. Your body is preparing to defend itself against the danger or get away as fast as possible.

    This physical reaction is crucial when facing a real threat. When experiencing controlled fear – like jump scares in a zombie TV show – you get to enjoy this energized sensation, similar to a runner’s high, without any risks. And then, once the threat is dealt with, your body releases the neurotransmitter dopamine, which provides sensations of pleasure and relief.

    In one study, researchers found that people who visited a high-intensity haunted house as a controlled fear experience displayed less brain activity in response to stimuli and less anxiety post-exposure. This finding suggests that exposing yourself to horror films, scary stories or suspenseful video games can actually calm you afterward. The effect might also explain why my husband and I choose to relax by watching zombie shows after a busy day at work.

    Going through something frightening together – like a haunted house attraction – can be a bonding experience.
    AP Photo/John Locher

    The ties that bind

    An essential motivation for human beings is the sense of belonging to a social group. According to the surgeon general, Americans who miss those connections are caught up in an epidemic of loneliness, which leaves people at risk for mental and physical health issues.

    Going through intense fear experiences together strengthens the bonds between individuals. Good examples include veterans who served together in combat, survivors of natural disasters, and the “families” created in groups of first responders.

    I’m a volunteer firefighter, and the unique connection created through sharing intense threats, such as entering a burning building together, manifests in deep emotional bonds with my colleagues. After a significant fire call, we often note the improved morale and camaraderie of the firehouse. I feel a flood of positive emotions anytime I think of my firefighting partners, even when the events occurred months or years ago.

    Controlled fear experiences artificially create similar opportunities for bonding. Exposure to stress triggers not only the fight-or-flight response, but in many situations it also initiates what psychologists call the “tend-and-befriend” system. A perceived threat prompts humans to tend to offspring and create social-emotional bonds for protection and comfort. This system is largely regulated by the so-called “love hormone” oxytocin.

    The tend-and-befriend reaction is particularly likely when you experience stress around others with whom you have already established positive social connections. When you encounter stressors within your social network, your oxytocin levels rise to initiate social coping strategies. As a result, when you navigate a recreational fear experience like a haunted house with friends, you are setting the emotional stage to feel bonded with the people beside you.

    Sitting in the dark with friends while you watch a scary movie or navigating a haunted corn maze with a date is good for your health, in that it helps you strengthen those social connections.

    Consuming lots of horror as entertainment may make some people more resilient in real life.
    Edwin Tan/E+ via Getty Images

    An ounce of prevention = a pound of cure

    Controlled fear experiences can also be a way for you to prepare for the worst. Think of the early days of the COVID-19 pandemic, when the films “Contagion” and “Outbreak” trended on streaming platforms as people around the world sheltered at home. By watching threat scenarios play out in controlled ways through media, you can learn about your fears and emotionally prepare for future threats.

    For example, researchers at Aarhus University’s Recreational Fear Lab in Denmark demonstrated in one study that people who regularly consumed horror media were more psychologically resilient during the COVID-19 pandemic than nonhorror fans. The scientists suggest that this resilience might be a result of a kind of training these fans went through – they practiced coping with the fear and anxiety provoked by their preferred form of entertainment. As a result, they were better prepared to manage the real fear triggered by the pandemic.

    When I’m not teaching, I’m an avid reader of crime fiction. I also write psychological thrillers under the pen name Sarah K. Stephens. As both a reader and writer, I notice similar themes in the books I am drawn to, all of which tie into my own deep-rooted fears: mothers who fail their children somehow, women manipulated into subservience, lots of misogynist antagonists.

    I enjoy writing and reading about my fears – and seeing the bad guys get their just desserts in the end – because it offers a way for me to control the story. Consuming these narratives lets me mentally rehearse how I would handle these kinds of circumstances if any were to manifest in my real life.

    Survive and thrive

    In the case of controlled fear experiences, scaring yourself is a pivotal technique to help you survive and adapt in a frightening world. By eliciting powerful, positive emotions, strengthening social networks and preparing you for your worst fears, you’re better able to embrace each day to its fullest.

    So the next time you’re choosing between an upbeat comedy and a creepy thriller for your movie night, pick the dark side – it’s good for your health.

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

    – ref. Some people love to scare themselves in an already scary world − here’s the psychology of why – https://theconversation.com/some-people-love-to-scare-themselves-in-an-already-scary-world-heres-the-psychology-of-why-240292

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: Robot developers keep making it seem like housebots are imminent when they’re decades away

    Source: The Conversation – UK – By Carl Strathearn, Research Fellow, Computing, Edinburgh Napier University

    Threepio schmeepio. Tesla

    The walking, talking, dancing Optimus robots at the recent Tesla demonstration generated huge excitement. But this turned to disappointment as it became apparent that much of what was happening was actually being controlled remotely by humans.

    As much as this might still be a fascinating glimpse of the future, it’s not the first time that robots have turned out to be a little too good to be true.

    Take Sophia, for instance, the robot created by Texas-based Hanson Robotics back in 2016. She was presented by the company as essentially an intelligent being, prompting numerous tech specialists to call this out as well beyond our capabilities at the time.

    Similarly we’ve seen carefully choreographed videos of pre-scripted action sequences like Boston Dynamics’ Atlas gymnastics, the English-made Ameca robot “waking up”, and most recently Tesla’s Optimus in the factory. Obviously these are still impressive in different ways, but they’re nowhere near the complete sentient package. Let Optimus or Atlas loose in a random home and you’d see something very different.

    A humanoid robot capable of working in our homes needs to be capable of doing many different tasks, using our tools, navigating our environments and communicating with us like a human. If you thought this was just a year or two away, you’re going to be disappointed.

    Building robots able to interact and carry out complex tasks in our homes and streets is still a huge challenge. Designing them even to do one specific task well, such as opening a door, is phenomenally difficult.

    There are so many door handles with different shapes, weights and materials, not to mention the complexity of dealing with unforeseen circumstances such as a locked door or objects blocking the way. Developers have actually now created a door-opening robot, but robots that can deal with hundreds of everyday tasks are still some way off.

    Behind the curtain

    The Tesla demonstration’s “Wizard of Oz” remote operation technique is a commonly used control method in this field, giving researchers a benchmark against which to test their real advances. Known as telemetric control, this has been around for some time, and is becoming more advanced.

    One of the authors of this article, Carl Strathearn, was at a conference in Japan earlier this year, where a keynote speaker from one of the top robotics labs demonstrated an advanced telemetrics system. It allowed a single human to simultaneously operate many humanoid robots semi-autonomously, using pre-scripted movements, conversation prompts and computerised speech.

    Clearly, this is very useful technology. Telemetric systems are used to control robots working in dangerous environments, disability healthcare and even in outer space. But the reason why a human is still at the helm is because even the most advanced humanoid robots, such as Atlas, are not yet reliable enough to operate completely independently in the real world.

    Another major problem is what we can call social AI. Leading generative AI programs such as DeepMind’s Gemini and OpenAI’s GPT-4 Vision may be a foundation for creative autonomous AI systems for humanoid robots in the future. But we should not be misled into believing that such models mean that a robot is now capable of functioning well in the real world.

    Interpreting information and problem solving like a human requires much more than just recognising words, classifying objects and generating speech. It requires a deeper contextual understanding of people, objects and environments – in other words, common sense.

    To explore what is currently possible, we recently completed a research project called Common Sense Enhanced Language and Vision (CiViL). We equipped a robot called Euclid with commonsense knowledge as part of a generative AI vision and language system to assist people in preparing recipes. To do this, we had to create commonsense knowledge databases using real-world problem-solving examples enacted by students.

    Euclid could explain complicated steps in recipes, give suggestions when things went wrong, and even point people to locations in the kitchen where utensils and tools might typically be found. Yet there were still issues, such as what to do if someone has a bad allergic reaction while cooking. The problem is that it’s almost impossible to handle every possible scenario, yet that’s what true common sense entails.

    This fundamental aspect of AI has got somewhat lost in humanoid robots over the years. Generated speech, realistic facial expressions, telemetric controls, even the ability to play games such as “rock paper scissors” are all impressive. But the novelty soon wears off if the robots are not actually capable of doing anything useful on their own.

    This isn’t to say that significant progress isn’t being made toward autonomous humanoid robots. There’s impressive work going on into robotic nervous systems to give robots more senses for learning, for instance. It’s just not usually given the same amount of press attention as the big unveilings.

    The data deficit

    Another key challenge is the lack of real-world data to train AI systems, since online data doesn’t always accurately represent the real-world conditions necessary for training our robots well enough. We have yet to find an effective way of collecting this real-world data in large enough quantities to get good results. However, this may change soon if we can access it from technologies such as Alexa and Meta Ray-Bans.

    Nonetheless, the reality is that we’re still perhaps decades away from developing multimodal humanoid robots with advanced social AI that are capable of helping around the house. Maybe in the meantime we’ll be offered robots controlled remotely from a command centre. Will we want them, though?

    In the meantime, it’s also more important that we focus our efforts on creating robots for roles that can support people who urgently need help now. Examples would include healthcare, where there are long waiting lists and understaffed hospitals; and education, to offer a way for overanxious or severely ill children to participate in classrooms remotely. We also need better transparency, legislation and publicly available testing, so that everyone can tell fact from fiction and help build public trust for when the robots eventually do arrive.

    Dimitra Gkatzia receives funding from EPSRC.

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

    – ref. Robot developers keep making it seem like housebots are imminent when they’re decades away – https://theconversation.com/robot-developers-keep-making-it-seem-like-housebots-are-imminent-when-theyre-decades-away-241638

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Global: Vaccinating care home residents reduced deaths, but the effect was small – new study

    Source: The Conversation – UK – By David Paton, Chair of Industrial Economics, Nottingham University Business School, University of Nottingham

    Vaccinating older people probably did avert some deaths in 2021, but the effects were small. And even those small effects on mortality seem to have dissipated during the booster programme. That’s the conclusion of our new study, published in the European Economic Review.

    COVID-related deaths decreased significantly in most of Europe and the US from the middle of 2021. Although this reduction coincided with the rollout of COVID vaccines, it has proved surprisingly difficult to identify the extent to which vaccination contributed to the drop in deaths.

    Randomised controlled trials (the gold standard for testing new treatments) suggest COVID vaccination can provide significant protection against serious illness and death relative to unvaccinated people who have not previously been infected with COVID. But there are reasons the effect of vaccination on mortality may be lower when viewed outside of trials.

    Early in the programme, there were hopes that vaccination would also prove highly effective in preventing the spread of COVID but it has since become clear that vaccination provides only limited and short-term protection against infection and transmission.

    It is also well established that a previous infection provides protection both against reinfection and against serious illness and death in the event of reinfection that is at least as effective as vaccination. Having a previous infection significantly reduces the likelihood of being vaccinated meaning the vaccinated population will include a relatively high proportion of people without protection from prior infection. So even if vaccination provides protection at an individual level, we may still observe population-level mortality rates that are similar for vaccinated and unvaccinated groups.

    The effectiveness of vaccination programmes may also be limited by people’s behaviour. For example, there is evidence that vaccinated people who get infected are more likely to have mild symptoms and this may cause them to take fewer precautions than others against spreading infection. As a result, vaccination may sometimes be associated with more rather than less transmission.

    Taken together, even if vaccination reduces the risk on an individual basis, it does not necessarily follow that it will reduce deaths at a population level. Existing research reflects this ambiguity with some research finding very significant effects of vaccination on death while other findings conclude there was little or no effect at all.

    Our new study attempts to improve our knowledge about the effect of COVID vaccination programmes by estimating the effect of vaccination take up on deaths in care homes. This is a particularly important group to examine. Given that the vast majority of COVID-related deaths occur in the elderly, any effect on deaths is highly likely to be seen in care homes.

    Machine learning used to analyse the data

    We examined deaths from COVID in care homes across nearly 150 local authorities in England from the start of the vaccine rollout in December 2020 until after the second booster dose in summer 2022. We tested whether higher rates of vaccination of staff and elderly residents led to fewer deaths both in total and from COVID.

    One feature of our research is the use of machine learning (a type of artificial intelligence) to isolate the effect of vaccination from other factors that may also have affected mortality including levels of prior infection as well as demographic, economic and health differences among local authorities.

    Machine learning is particularly adept at separating out the effects of a high number of potential explanatory variables, providing much better evidence of when associations represent true causal relationships. In contrast to some other research, we also use a measure of vaccination that takes account of the fact that effectiveness wanes over time.

    We found that higher vaccination rates of residents (but not of staff) did indeed lead to fewer deaths, but the effect was relatively small. For example, an increase in the resident vaccination take-up rate of 10% in a local authority caused, on average, a reduction of 1% in the total care home mortality rate. That is equivalent to about 22 fewer deaths per week nationwide.

    Of course, any reduction in deaths is welcome. But vaccination does not appear to be the key factor in reducing care home deaths from COVID. We also found that the reduction in deaths was restricted to the initial vaccination rollout.

    From September 2021, when the booster vaccination programme started in England, higher vaccination rates of elderly residents do not seem to have led to any reduction in deaths. Based on these results, vaccination is unlikely to have been responsible for the sustained fall in COVID-related deaths.

    Why then did Europe and the US experience large reductions in COVID deaths since 2021, even during times when infection rates have soared?

    There are two explanations. The first is the growth of variants such as omicron that, although highly infectious, are less deadly than variants responsible for the early waves.

    Second, is the rise in the cumulative number of people who gained protection from having had previous infections.

    These explanations are consistent with the experience of places such as Hong Kong, New Zealand and Taiwan. All saw relatively low COVID infections and deaths in 2020, meaning only limited levels of natural immunity had been built up. All then experienced high mortality rates during 2022, well after most people in those places had been vaccinated.

    For example, the seven-day average mortality rate in Hong Kong reached 40 deaths per million in March 2022, a rate far above the highest peak seen in the US during the whole pandemic despite cumulative vaccination rates at that time being similar.

    Even though vaccination probably reduced care home deaths by a small amount in the early rollout period, there is little evidence that the booster programme had any significant effect on COVID-related deaths.

    David Paton is a member of HART (Health Advisory and Recovery Team).

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

    – ref. Vaccinating care home residents reduced deaths, but the effect was small – new study – https://theconversation.com/vaccinating-care-home-residents-reduced-deaths-but-the-effect-was-small-new-study-241300

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI United Kingdom: Community sport hub officially opens in Portsmouth

    Source: City of Portsmouth

    Dean Potter, Director of Grant Management at the Football Foundation says:

    “It’s great to see the King George V Football Complex officially open today. It’s a brilliant example of how investment from our partners, the Premier League, The FA, Government and Sport England improves grassroots facilities across the country.

    “We know that facilities like this one in Portsmouth are vital for local communities and will enable more people in and around the area to have great places to play.”

    Cllr Steve Pitt, Leader of the Council with responsibility for Culture, Regeneration & Economic Development at Portsmouth City Council, said:

    “We’ve worked in partnership with the Football Foundation and Hampshire FA to bring this much-needed sports facility to the city, to encourage grassroots football and enable children and adults to play football whatever the weather in a welcoming environment.

    “The health and emotional well-being of residents is of paramount importance to us. We are committed to providing sports and leisure facilities across Portsmouth, which are accessible to all and support a wide range of sporting activities. This is why we are so proud of the King George V Football Complex, built to benefit the whole community.”

    Neil Cassar, Hampshire FA CEO said:

    “Hampshire FA is delighted to be appointed as the operator of the fabulous King George V Football Complex in Cosham. We look forward to building a strong network for the local community and for the grassroots game. We are confident that this fantastic site will unite members from Portsmouth and surrounding areas under one roof whilst welcoming all beyond the local boundaries to consider the site for their own provisions, events and more.

    “There is no doubt that King George V Football Complex will provide state of the art football and ancillary facilities, and we welcome the opportunity to use our expertise and experience of operating three other hub sites in the county to promote, develop and progress this exciting new venue. Working with the collective funding partners, we are positive that King George V Football Complex will be a thriving success”

    Find out more about the King George V Football Complex on Hampshire FA’s website.

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI Global: A brief history of the muses: the Greek goddesses who provided divine inspiration for ancient poets

    Source: The Conversation – UK – By Alison Habens, Head of Creative Writing, University of Portsmouth

    The muses in The Parnassus, a fresco by Raphael (1511). Vatican Museums, CC BY-SA

    In the beginning, there was just one, unnamed, muse. The blind bard Homer (a poet born around around 850BC) invoked her with the words “Sing, daughter of Zeus” in the first lines of his epic poem, the Odyssey.

    Then there were said to be three: Melete (practice), Mneme (memory) and Aoede (song), perhaps embodying the basic creative process of early humanity. Eventually, nine muses were identified, covering every branch of the arts, in the ancient Greek poet Hesiod’s introduction to Theogony, his epic poem about mythical stories and characters (circa 730–700BC). Hesiod, formerly an illiterate shepherd, claimed that he was inspired to write the poem when a beautiful goddess whispered the story in his ear.

    There were muses specifically for comedy, tragedy and even erotica. The oldest was Calliope, mother of the legendary musician Orpheus. Euterpe was the muse of music. Urania guided the scientists. Terpsichore taught dance.

    The muses promised fame and fortune to artists who followed them, but are rarely mentioned by name in the prologues and prefaces of artworks today.

    A timeline of the muses

    Originally characterised as singing and dancing goddesses guarding a sacred spring, evidence for the muses is found in writing by some of the earliest known authors.

    Hesiod and the Muse by Gustave Moreau (1891).
    Musée d’Orsay

    Yet, the muses existed long before reading and writing. It was only later that they were conscripted as the mascots of writers, with some ancient mosaics showing pens and parchment superimposed on their original images. Following their assimilation from the oral tradition into cheerleaders of literacy, the muses are seen waving pens and quills, scrolls and manuscripts in ancient artworks.

    Written storytelling about the muses started in the matriarchal period of prehistory, shifting to patriarchy in approximately 3,000BC, in Ovid’s story of the god Apollo fashioning himself the first laurel wreath. This crown of leaves, which supposedly signified his genius, is seen in the myth of Daphne, who turned into a laurel tree to escape Apollo’s unwanted advances.

    Written by Ovid in Metamorphoses, this picturesque tale may have been a metaphor for the switch from female to male authority. Legend has it that Apollo prevented his muse priestess from brewing, imbibing or smoking laurel leaves, which have a mild narcotic property.

    It wasn’t just fanciful poets in the muse’s congregation – philosophers kept the faith too. In approximately 370BC, Socrates classed “possession” by the muses as a form of divine madness like drunkenness, eroticism or dreaming: “He who, having no touch of the muses’ madness in his soul, thinks that he will get into the temple by the help of art – he, I say, and his poetry are not admitted.”

    Clio, Euterpe and Thalia, by Eustache Le Sueur (1652–1655).
    Louvre Museum

    English poet and soldier Robert Graves (1895-1985) agreed, writing in 1948 that his:

    ‘Inspiration’ was the breathing-in by the poet of fumes from an intoxicating cauldron, the Awen of the cauldron of Cerridwen, containing probably a mash of barley, acorns, honey, bull’s blood and such sacred herbs as ivy, hellebore and laurel as at Delphi.

    Changing times

    These original practices of using drink or drugs to inspire art are still in use around the world today. The muses may hold a pen in one hand and a smoke, or steaming mug, in the other – herbal remedies continue to be efficacious for writer’s block.

    In the Elizabethan period, when a poet’s relationship with the muses was perceived as directly proportionate to their success in romance, loving attention was paid to their invocation in rhythm and rhyme. But post-Enlightenment, it was no longer considered right for writers to invoke a supernatural mentor for literary endeavours. Modern men were influenced by reason and rationality, rather than a deity. Then it was more likely that a dead bard or scene from nature was deemed an appropriate source of inspiration.

    The nine muses on a Roman sarcophagus (second century AD).
    Louvre Museum, CC BY-SA

    Though writing remained a ritualistic practice, and its mechanisms sometimes mystical, the desk no longer doubled as an altar at which the author worshipped.

    Yet writers still often claim “the muse is with me” at moments when the words flow magically. Her voice can be heard in the modern Interval with Erato by Scott Cairns (2015), which name checks the ancient overseer of love poetry:

    That’s what I like best about you, Erato sighed in bed, that’s why you’ve become one of my favourites and why you will always be so.

    For the most part, the muses are missed off the agenda by both the microscope-gazers and the navel-gazers, these days. However, Plato did insist in his dialogue Phaedrus (370BC) that most people are eu amousoi (εὖ ἄμουσοι) an ancient Greek expression that means “happily without the muses”.

    Contemporary theories of creativity do not often mention divine inspiration. We no longer like the idea that the best stories are given to a few fated writers by God, that great plots and characters are bestowed on favoured authors by goddesses. But the answer to that common question all writers are asked – “where do you get your ideas from?” – still seems more mystic, less mathematic and as much supernatural as subconscious.



    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


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

    – ref. A brief history of the muses: the Greek goddesses who provided divine inspiration for ancient poets – https://theconversation.com/a-brief-history-of-the-muses-the-greek-goddesses-who-provided-divine-inspiration-for-ancient-poets-239330

    MIL OSI – Global Reports –

    January 24, 2025
  • MIL-OSI Asia-Pac: Speech by SCST at Hong Kong Performing Arts Expo Gala Dinner

    Source: Hong Kong Government special administrative region

    Speech by SCST at Hong Kong Performing Arts Expo Gala Dinner
    Speech by SCST at Hong Kong Performing Arts Expo Gala Dinner
    ************************************************************

         Following is the speech by the Secretary for Culture, Sports and Tourism, Mr Kevin Yeung, at the Hong Kong Performing Arts Expo Gala Dinner today (October 18): Kenneth (Chairman of Hong Kong Arts Development Council, Mr Kenneth Fok), Wilfred (Chairman of Hong Kong Arts Development Fund Advisory Committee, Dr Wilfred Wong), distinguished guests, ladies and gentlemen,       Good evening.       It is with great pleasure that we gather here this evening to celebrate the immense success and conclusion of the inaugural Hong Kong Performing Arts Expo (HKPAX).       This inaugural Expo was participated by over 1 400 arts leaders and practitioners from around 60 countries and regions. There were over 100 performances, leadership talks, workshops and networking events of HKPAX, cutting across a variety of art forms. The Expo serves as a testament to the city’s commitment and efforts to cultivating artistic brilliance, fostering cultural exchange and dialogue, and delivering enthralling collaborative and cross-cultural performances for the delight of all public and visitors. It has also consolidated Hong Kong’s status as a global arts hub, further achieving our mission to develop Hong Kong into an East-meets-West centre for international cultural exchange.       I am sure that you have had a taste of our unique glamour at HKPAX. Together with the 2024 Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival to be kicked off tomorrow, the two mega arts events will complement each other and enable Hong Kong to further give play to its role of “bringing in” different cultures while enabling Chinese culture to “go global”. Furthermore, I know some of you will join the tour to Shenzhen and Guangdong. You will be able see for yourself a fast developing cultural landscape with many new infrastructure and collaboration opportunities in the Mainland.       It is also our endeavour to develop our arts infrastructure to bring in more local and international arts productions. Besides the stunning West Kowloon Cultural District and other venues that you have spent time during HKPAX, I am excited to share with you the completion of many more new venues, including the Lyric Theatre Complex in West Kowloon, the East Kowloon Cultural Centre and also a new world-class stadium that can house 50 000 audience in Kai Tak Sports Park in Kowloon. We will be more than delighted to welcome you to Hong Kong again, to experience many more exciting arts and cultural events in these new venues as well as to bring in and stage your incredible productions here.       I hope in addition to experiencing our rich and vibrant cultural offerings, in the past five days you have also made new friends, reconnected with familiar faces, as well as explored exciting opportunities for future collaboration, and on this basis, you will continue to join hands in promoting arts and culture.       Before I close, I wish to extend my heartfelt thanks to everyone who has contributed to the success of HKPAX. Your dedication and passion have made HKPAX a remarkable celebration that we all cherish.       And now, I would like to say a few words in Cantonese.

     
    Ends/Friday, October 18, 2024Issued at HKT 21:00

    NNNN

    MIL OSI Asia Pacific News –

    January 24, 2025
  • MIL-OSI China: Senior Chinese, Brazilian officials meet on advancing ties

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

    Chinese Vice Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, meets with Rui Costa, chief of staff of the Presidency of Brazil, in Beijing, capital of China, Oct. 18, 2024. [Photo/Xinhua]

    BEIJING, Oct. 18 — Chinese Vice Premier Ding Xuexiang met with Rui Costa, chief of staff of the Presidency of Brazil, on Friday in Beijing.

    Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said both China and Brazil are important representative countries of the Global South, calling the two countries like-minded good friends and good partners marching forward hand in hand.

    Ding noted that under the strategic guidance of the two countries’ leaders, the China-Brazil comprehensive strategic partnership has shown vigorous development momentum, with political mutual trust being constantly consolidated and new progress made in exchanges and cooperation of various fields.

    China is ready to work with Brazil to earnestly act on the important consensus reached by the two countries’ heads of state, and take the 50th anniversary of diplomatic relations as an opportunity to constantly expand the depth, width and height of mutually beneficial cooperation, and promote bilateral ties to a new high, said Ding.

    Costa said Brazil highly values China and takes China as a reliable long-term partner, expressing the hope to make joint efforts with China to make bilateral relations more strategic and comprehensive.

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI China: China formulating action plans on deepening capital market reform: official

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

    BEIJING, Oct. 18 — China’s top securities regulator is studying and drawing up action plans to further deepen capital market reform, Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said on Friday.

    The CSRC will deepen the market-oriented, law-based comprehensive reform of capital market investment and financing, Wu told the Annual Conference of Financial Street Forum 2024 that opened on the same day.

    Wu called for efforts in accelerating the implementation of the guidelines on medium and long-term capital entry into the market, while vigorously developing public equity funds.

    Efforts will also be made to improve the mechanism for coordinated development of the primary and secondary markets, and make the scale and pace of market financing more scientific and reasonable, he said.

    Wu noted that works will also be focused on improving the quality of listed companies, guiding and urging listed companies to optimize corporate governance, improve transparency, and increase dividends and buybacks, so as to create long-term returns for investors.

    Commenting on shareholders reducing their holdings, Wu said data showed that, whether in the past year or since late September, listed companies have not experienced cluster holding reduction or large-scale illegal reduction of holdings.

    He however noted that the CSRC will strengthen the whole-chain supervision on issuance and listing, information disclosure, share reduction and delisting targeting the major shareholders to effectively protect the rights of small and medium investors.

    On supporting the development of the new quality productive forces, the CSRC will focus on supporting high-quality innovative enterprises, enhancing the inclusiveness and adaptability of the system, and reforming and optimizing the issuance and listing system, Wu added.

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI China: China’s consumer goods trade-ins unleash market potential: official

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

    TIANJIN, Oct. 18 — China’s consumer goods trade-ins have unleashed new market demands, with over 1.4 million applications for automobile scrapping and renewal subsidies recorded so far, Vice Minister of Commerce Sheng Qiuping said on Friday.

    As of Wednesday, more than 10.8 million consumers across the country had purchased some 15.6 million pieces of household appliance included in China’s consumer goods renewal program, Sheng told the 2024 Haihe International Consumption Forum that opened on the same day in Tianjin, north China.

    Household appliance trade-ins have driven a total sales of 73.36 billion yuan (about 10.3 billion U.S. dollars), according to the vice minister.

    During the first half of this year, consumption alone contributed 60.5 percent to China’s economic growth, driving its GDP growth by 3 percentage points, said Sheng.

    He said the ministry will join hands with other departments to further boost consumption and consolidate the stable and positive momentum of the market.

    In March this year, China unveiled an action plan to implement the equipment and consumer goods renewal program to expand domestic demand and shore up the economy. In July, it further stepped up policy support for the program with an extra fund injection of 300 billion yuan via ultra-long special treasury bonds.

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI China: Chinese vice premier meets IFAD president

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

    BEIJING, Oct. 18 — Chinese Vice Premier Liu Guozhong met with Alvaro Lario, president of the International Fund for Agricultural Development (IFAD), in Beijing on Friday.

    Liu, also a member of the Political Bureau of the Communist Party of China Central Committee, expressed the hope that the two sides will further enhance the exchange of experience, deepen South-South cooperation and trilateral cooperation, and contribute more to the implementation of the Global Development Initiative and the realization of the United Nations 2030 Sustainable Development Goals, Liu said.

    Lario expressed admiration for China’s great achievements in development and is willing to learn and share China’s experience and promote international cooperation on poverty reduction and agricultural development.

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI Canada: Statement by the Prime Minister on Persons Day

    Source: Government of Canada – Prime Minister

    The Prime Minister, Justin Trudeau, today issued the following statement on Persons Day:

    “Today, we celebrate Persons Day, an important milestone for women’s rights and participation in Canadian political life. On October 18, 1929, Canada’s highest court of appeal recognized women as ‘persons’ and granted them the right to be appointed to the Senate.

    “The Famous Five – Emily Murphy, Nellie McClung, Irene Parlby, Louise McKinney, and Henrietta Muir Edwards – won a hard-fought, two-year-long battle in the landmark Persons Case. While their victory did not benefit all women and girls in Canada equally, it helped change the course of history and laid the foundations for a fairer Canada.

    “Nearly a century after the Famous Five’s victory, Canada continues to eliminate barriers that still exist for women. We introduced $10-a-day child care to give every child the best possible start in life while helping parents, especially moms, build their careers. Our work making contraception medications and devices free will give women more affordable choices to make decisions about their bodies, their health, and their future. We are also accelerating our efforts through the Federal Pathway to address the national crisis of missing and murdered Indigenous women, girls, and 2SLGBTQI+ people. And through the National Action Plan to End Gender-Based Violence, we continue to address the root causes of gender-based violence and strengthen supports for victims, survivors, and their families. This is all part of our work to make sure that no woman in Canada faces barriers to what she can achieve.

    “As we celebrate Persons Day and Women’s History Month, I encourage all Canadians to learn more about the Famous Five and their important contributions to women’s rights and equality.”

    MIL OSI Canada News –

    January 24, 2025
  • MIL-OSI: Prospect Capital Corporation Provides First Lien Senior Secured Term and Convertible Loans to Support the Acquisition of Druid City Infusion by Inlet Road Capital Management

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 18, 2024 (GLOBE NEWSWIRE) — Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) has provided first lien senior secured term and convertible loans to support the acquisition of Druid City Infusion, LLC (“Druid City”) by investment funds managed by Inlet Road Capital Management, LLC (“Inlet Road”) in partnership with Druid City’s founders and leadership team.

    Druid City is a leading ownership group within the Vital Care Infusion Services (“Vital Care”) franchise system, with Druid City operating nine territories across the South and Mountain West regions of the United States.  Vital Care is dedicated to providing high-quality, safe, convenient, and cost-effective infusion therapy services for both chronic and acute patients across its extensive national network. With over 160 infusion pharmacy locations in 35 states, Vital Care is a national home infusion platform.

    “Druid City is proud of its growth and the outstanding team we have built over the last 10 years,” said Druid City CEO and co-founder Ryan McFerrin. “Our unwavering commitment to patient care and delivering high level service to our referral partners will be enhanced as we begin this new chapter with Prospect and Inlet Road.”

    “We chose to team up with Prospect because of Prospect’s ability to create a comprehensive financing solution to meet the unique needs of our transaction and the business,” said Brian M. Harrison, Partner at Inlet Road. “Prospect’s collaborative approach and industry expertise make Prospect an ideal group for supporting Druid City’s expanding opportunities within the home infusion sector.”

    “The Prospect team was the right fit for our transaction, providing our founder partners with complementary industry experience and capital to support Druid City’s growth both organically and through the acquisition of new territories and possibly other franchisees,” said Robert L. Jenkins, Partner at Inlet Road.

    “Prospect is pleased to complete this important transaction with Inlet Road,” said Neil Zieses, Vice President at Prospect. “We look forward to continued strong performance at Druid City, a company with a compelling value proposition for delivering pharmacy services, and bedside and clinic-based infusion services.”

    About Prospect Capital Corporation

    Prospect is a business development company lending to and investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

    Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. We have elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.

    Caution Concerning Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.

    For further information, contact:
    Grier Eliasek, President and Chief Operating Officer
    grier@prospectcap.com
    Telephone (212) 448-0702

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Šiaulių bankas has acquired own shares

    Source: GlobeNewswire (MIL-OSI)

    On 10-18 October 2024 Šiaulių Bankas AB purchased own shares on the Tender Offer Market of Nasdaq Vilnius AB. Total number of shares acquired 6,000,000:

    • 4,254,886 shares, for reduction of the Bank capital;
    • 1,745,114 shares, for employees of Šiaulių Bankas group as part of the deferred variable remuneration.

    Total amount of share acquisition transactions: EUR 4,920,000.00.

    “We have created liquidity event for investors who wish to realize all or part of their shares. It is important to note that the final auction price was set higher than the market price, which means there are no shareholders wanting to sell a significant amount of shares who lack liquidity in the stock market.

    We will continue to strive to ensure high returns for our shareholders who believe in our long-term strategy. We plan to begin the second phase of the share buyback, during which we will purchase shares on the open market, in November, after announcing the third-quarter results of this year,” says Tomas Varenbergas, Head of Investment Management Division of Šiaulių Bankas.

    The acquired shares will transfer to the Bank’s ownership on the settlement date of the purchase auction, 21 October 2024.

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@sb.lt

    The MIL Network –

    January 24, 2025
  • MIL-OSI Economics: Local Tech and Lifestyle Journalists Praise Samsung’s Galaxy Z Fold6 and Z Flip6

    Source: Samsung

    In recent weeks, the Samsung Galaxy Z Fold6 and Z Flip6 have garnered enthusiastic praise from South African tech and lifestyle journalists, who are lauding these innovative devices for their cutting-edge features and transformative potential in the mobile industry.
     
    The Samsung Galaxy Z Fold6 has been described as a remarkable advancement in foldable technology, with some pointing out its versatility, enhanced performance, impressive build quality and seamless user experience. The improved hinge design and more durable screen of the Z Fold6 have been particularly well-received.
     
    Another key highlight from local reviews is the device’s multitasking capabilities from its expansive display which allows users to effortlessly juggle multiple tasks, making it an ideal tool for professionals.
     
    On the flip side, the Samsung Galaxy Z Flip6 has also captured the imagination of South African journalists and mobile tech enthusiasts with its stylish design and innovative features. The compact form factor and customisation options of the Z Flip6 have been particularly praised. Its ability to fold into a compact, pocket-sized form makes it incredibly convenient, while the customisable cover screen allows users to personalise their experience.
     
    Here’s a look at some of the glowing reviews;
     
    Cody Nery – Tech Journalist, New Age Gaming
    As much as the sub-display (Galaxy Z Fold6’s cover screen) exists for quick and easy tasks, if I‘m really going to spend a good hour editing a reel for Instagram or even more time improving my KDA while gaming, I’m going to open the fold up, revealing its true nature. For one, the larger display allows me to have multiple apps open, which I find makes editing much simpler than having to switch between apps if I need to find a cool song from another app or quickly move files around. It‘s not surprising at all that it’s also amazing to game on the much larger screen.
     

     
    Wesley Diphoko – Editor-in-Chief: Fast Company SA
    In 2024, Apple and Samsung entered the Al hardware race. So far, it seems Samsung is leading the race. Earlier this year, Samsung launched their AI phone, now the South Korean tech-giant has launched a suite of AI-powered products. Last week, Samsung launched its first AI-powered foldable phones, the Galaxy Z Fold6 and Z Flip6. The AI functionality which stands out about the devices is the interpreter mode, which can be used when translating a conversation. The translating functionality has conversation mode and listening mode. The functionality lets the user run the microphone as someone talks in another language, and the user is able to see their speech translated as text on the screen.
     

     
    Thobeka Phanyeko – Lifestyle Editor: Glamour
    Samsung has truly positioned itself as a digital disruptor and innovator, bringing cutting-edge technology that keeps up with the fast-paced demands of modern journalism. Having a trusted companion by my side as the media landscape continues to evolve, is a game-changer! I can’t wait to see what’s next!
     

     
     

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI: Dividend 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. (The “Company”) declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    Since inception Class A shareholders have received a total of $27.30 per share and Preferred shareholders have received a total of $10.95 per share inclusive of this distribution, for a combined total of $38.25.

    Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

    Distribution Details  
       
    Class A Share (DFN)  $0.10000
    Preferred Share (DFN.PR.A) $0.04583
    Record Date: October 31, 2024
    Payable Date: November 8, 2024

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Sustain SoCal to Host 15th Annual Energy Event (‘AE15’) on October 24

    Source: GlobeNewswire (MIL-OSI)

    NEWPORT BEACH, Calif., Oct. 18, 2024 (GLOBE NEWSWIRE) — via InvestorWire — Sustain Southern California (“Sustain SoCal”), proudly announces today that it will host the 15th Annual Energy Event on Thursday, October 24, 2024. The acclaimed event will be held in person at The Cove at UCI Beall Applied Innovation 5270 California Avenue, Irvine, CA, United States.

    With over a decade-and-a-half of experience, Sustain SoCal is renowned for accelerating cleantech economic growth and sustainability initiatives through innovation, collaboration and education throughout Southern California and the surrounding region. The upcoming event is the latest in the highly-regarded Annual Energy series which focuses on exploring the status of decarbonization solutions across major pillars of the economy including industrial, commercial and governmental sectors.

    Drawing on their considerable experience and expertise, invited speakers, senior decision makers and industry veterans will share their unique perspectives on several pressing concerns such as engineering technology, incentive structures, policy tools, and the legislative ecosystem’s role in mainstreaming the decarbonization of energy supplies.  

    Speakers at Sustain SoCal events represent a cross-section of real world initiatives from local government and other public agencies, utilities, technology companies, large corporate adopters, hospitals, hotels, schools, seasoned investors, and non-profit agencies.

    To address the region’s sustainability goals, and highlight the challenges of the evolving energy-scape, discussions will encompass a wide spectrum of topics including electrification, hydrogen, Inflation Reduction Act, renewables, built environment, agriculture, grant incentives, investor trends, ESG and innovation policy. During these galvanizing conversations, attendees will experience world-class educational content and build a deeper understanding of pragmatic solutions that support sustainable decarbonization.

    While showcasing the latest advancements from local energy innovators, the event series has always focused on being a launchpad for exciting new partnerships and high-powered networking to drive sustainable economic development and progress towards wider sustainability goals.

    At the Innovation Showcase, senior company officials and pioneering developers will interact directly with attendees to explore and discuss the latest technology developments and breakthroughs.

    Scott Kitcher, President, and CEO of Sustain SoCal, said, “Global energy networks are central to modern civilization and our economic model. However, rigorous scientific research and advanced environmental surveys have conclusively shown that the energy-scape is precariously positioned due to the weight of our legacy systems. The combination of lasting environmental damage, accelerating climate change effects, power shortages and frequent disruptions, changing demographic profiles, and geopolitical challenges that impact economic prospects via growth trajectories and inflation, has necessitated a rapid transition in humanity’s relationship with energy. The most urgent concern is to accelerate decarbonization to stave off the potential for cataclysmic effects in the decades to come. We, at Sustain SoCal, are proud to have supported local innovators, energy thinkers and policy pioneers in their quest to usher in an age of responsible energy systems, and in building a new and robust ecosystem in Southern California and beyond. Our October conference is a must-attend event for anyone interested in the lasting, sustainable prosperity of our communities, and shall also offer an eye-opening experience into state-of-the-art technologies and revolutionary policy initiatives.”   

    BioLargo, Inc., and Caltrol, Inc., are Platinum Sponsors for this event.

    The Orange County Power Authority (OCPA) is a Gold Sponsor.

    For registration details, or for information on speaking and sponsorship opportunities, visit:
    https://sustainsocal.org/event/15th-annual-energy-event/

    About Sustain SoCal:
    Sustain SoCal, a non-profit organization, accelerates sustainability and economic growth through innovation, collaboration, and education in Southern California. The organization has a ten-year history in exploring and implementing pragmatic, real-world solutions to the challenges created by growth, change and inefficiency. It conducts conferences, workshops and networking events that lead to initiatives that positively impact our region’s economic progress and sustainability. For more information, please visit http://www.sustainsocal.org.

    About IBN

    IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 18+ years, IBN has introduced over 65+ investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients.

    IBN’s Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 65+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing social media audience; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions.

    For more information, please visit https://www.InvestorBrandNetwork.com

    Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer.

    Corporate Communications

    IBN
    Los Angeles, California
    http://www.InvestorBrandNetwork.com
    310.299.1717 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Dividend 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. (The “Company”) declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    Since inception Class A shareholders have received a total of $27.30 per share and Preferred shareholders have received a total of $10.95 per share inclusive of this distribution, for a combined total of $38.25.

    Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

    Distribution Details  
       
    Class A Share (DFN)  $0.10000
    Preferred Share (DFN.PR.A) $0.04583
    Record Date: October 31, 2024
    Payable Date: November 8, 2024

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Matchain Hits Major Milestone: Over 9 Million Wallets And Counting

    Source: GlobeNewswire (MIL-OSI)

    LISBON, Portugal, Oct. 18, 2024 (GLOBE NEWSWIRE) — Matchain, a leading AI blockchain platform, is excited to share the milestones achieved since its mainnet launch on August 28th, recapping all the important metrics of the ecosystem. The platform has reached significant milestones in user adoption, transaction volume, and strategic partnerships, solidifying its position as a frontrunner in the AI & Decentralized Identity space.

    Explosive Growth in User Base and Transactions

    Unlike traditional platforms where data is harvested and monetized without consent, Matchain’s vision is that user data should only be shared with explicit permission. This data, when shared, can be leveraged for training AI models, with users receiving a share of the revenue generated. By enabling individuals to decide how their data is used, Matchain not only fosters greater transparency but also gives users an active role in the growing AI economy, ensuring they benefit from the value of their own contributions.

    To achieve this goal, Matchain has been focused on onboarding Web2 users into the Web3 space, providing a smooth transition to decentralized platforms. At the core of the strategy is leveraging Telegram’s massive web2 reach as a familiar gateway, allowing millions to explore blockchain technology without friction.

    Matchain’s strategy lies in driving real, authentic interactions within its ecosystem. All initiatives were focused on encouraging users to explore and experience the dApps firsthand, of which, LoL, the first AI memecoin on Matchain, quickly gained momentum and sparked engagement within the community.

    The strong and enthusiastic response not only highlighted the community’s support but also served as a powerful driver for increasing Matchain’s visibility and accelerating its growth.

    A Recap of the most important numbers:

    Successful Transition from Testnet to Mainnet

    Matchain’s journey to its current success began with a carefully planned transition from testnet to mainnet. While the testnet was used to validate our core offering and vision, mainnet opened up the doors for the public to join and build on Match.

    How’s it going so far:

    Onchain Activity: The testnet phase lasted a year and saw over 180 million transactions processed, demonstrating the network’s capability to handle high volumes, while the mainnet saw a total of 32 million transactions within less than a month of being launched.

    Community Engagement: With a total user outreach of over 12 million across all channels, Matchain’s mini-app has attracted 3 million+ daily active users, creating strong momentum. This success is amplified by hyper-successful Megadrop campaigns in collaboration with exchange partners, fueled by the enthusiastic support of the Matchain community.

    Ecosystem Growth: We’ve built a network of over 50+ strategic partners across sectors like DEXs, DeFi platforms, games, and AI, creating a solid foundation for seamless building on Matchain. MatchID partners are integrating our identity solution to drive real-world use, while infrastructure partners ensure builders can engage with Matchain easily and securely. With a focus on the future, we’ve also aligned with AI leaders across industries to empower individual sovereignty.

    Get Involved With Matchain

    Matchain’s growth has taken off thanks to strategic partnerships and community-driven efforts led by our Business Development team. Here are some of the key initiatives that are still going strong—and there’s plenty of room for you to jump in and be part of the journey.

    Megadrop Program: A multi-phase reward program designed to incentivize user participation and ecosystem growth in collaboration with industry leaders like OKX, Bitget, and Bybit, expanding Matchain’s integration on leading web3 platforms.

    Mini-App Quests: Over 7 million users engaged through Matchain’s mini-app games, earning Match Points in real time.

    Match Hub: If you share the same vision as Matchain, let’s build something great together! Our BD team’s got your back—offering technical and marketing support to help grow your projects!

    Looking Ahead

    Matchain is set to continue to focus on strengthening its infrastructure, expanding partnerships, and developing AI and Decentralized Identity (DID) solutions to meet the evolving demands of the blockchain community.

    With its rapid momentum, Matchain is poised for significant growth and is on track to expand its user base to over 40 million users in the coming months.

    But that’s just the beginning—stay on the lookout for Matchain. With so much happening behind the scenes, you won’t want to miss out. A lot of exciting updates and insights will be shared at ETH Sofia, where our CEO, Petrix, will join Par from Paris Saint-Germain F.C. (PSG) for a fireside chat.

    Keep an ear for subtle clues about what’s next for Matchain.

    About Matchain
    Matchain is a blockchain platform that offers advanced AI-driven decentralized identity solutions. It ensures privacy, security, and control over personal data, allowing users to own and monetize their digital information within a secure ecosystem.

    For more details, visit Matchain’s website or contact Anastasia Drinevskaya, Chief Marketing Officer, for inquiries and updates.

    Contact:
    Anastasia Drinevskaya
    ana@matchain.org

    Disclaimer: This content is provided by Matchain. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/210903ee-4dc4-43fb-a29c-f0863f1b42b3
    https://www.globenewswire.com/NewsRoom/AttachmentNg/e8fbba70-bbe2-4487-9ff3-8f78cec5bebd

    The MIL Network –

    January 24, 2025
  • MIL-OSI United Kingdom: East Midlands one year on from Storm Babet

    Source: United Kingdom – Executive Government & Departments

    Today, 18 October 2024, marks one year since Storm Babet hit the UK and brought with it extremely heavy rainfall and very strong winds.

    An Environment Agency Officer fixing the Lowdham flood storage wall.

    In the East Midlands, Storm Babet resulted in the highest recorded river levels at 37 locations. As well as bringing the wettest 3-day period that Nottinghamshire had ever experienced on record.

    Storm Babet was then followed by Storms Ciaran and Henk which led to more significant flooding. Flood defences operated very well overall and protected significant numbers of properties in the region.

    The anniversary also coincides with the Environment Agency’s annual Flood Action Week which is a campaign dedicated to showing people the steps they can take to reduce the devastation caused by flooding. It also aims to encourage people to sign up to the flood warning service that informs you if your home is at risk of flooding.

    In the East Midlands alone, the Environment Agency is currently working on 52 flood risk projects to return assets to the condition they were before the storms last winter. These projects have all been created using evidence from the flooding caused by the 3 storms. Designing and delivering Flood schemes can be complicated and therefore take time to establish.

    In the last 12 months an array of projects have been completed to help better protect communities. In Raynesway in Derbyshire the team installed rock amour along a flood embankment. It had started to erode due to the high-water levels caused by Storm Babet and Storm Henk. Quick action was required to ensure the nearby businesses and critical infrastructure in that area remained protected.

    2180 tonnes of stone was used to fill a hole on the Folly Road Flood Bank in Darley Abbey.

    High levels of water also caused erosion on Folly Road Flood Bank in Darley Abbey. 40 metres was repaired by the Environment Agency, Jackson Civil Engineering and Derby City Council. Over a period of 11 weeks, 2180 tonnes of stone was brought in to fill the large scour hole and protect the bottom of the embankment.

    In Lowdham the high river levels caused by storm Babet resulted in overtopping and the deterioration of the flood storage wall. The wall surrounds the cricket pitch and is the boundary to the storage area. The design of the flood asset means when river levels are high they spill onto the cricket pitch. Therefore the flood storage wall keeps the water in that boundary. The high levels of water that was experienced with storm Babet and then continued very closely with storm Ciaran and Storm Henk resulted in further deterioration of the masonry wall. The Environment Agency Nottingham field team worked quickly to assess the damage, take down the damaged stretch of wall and rebuild it. This work was completed in March, less than a month after the last period of storms.

    Since storm Babet the Environment Agency has been reassessing the areas that are covered by the flood warning service to ensure all at risk areas are targeted. This work has so far resulted in 3 new areas being added to the flood warning system in the East Midlands – Rearsby, Syston and Silbey.

    The Environment Agency are also developing a Property Flood Resilience (PFR) programme for those homes affected by the storms, this could involve them being offered things like air brick covers and demountable barriers to have on the outside their home.

    More than 26 drop-in sessions have been conducted in the East Midlands which more than 1600+ people attended. The Environment Agency spent more than 2,000 hours attending and organising these key sessions. The drop-in sessions provided members of the public with a chance to ask any flood related questions they have. The events are attended by our partners who have a role during flooding so everyone the public needs are all in one room.

    Paul Lockhart, Flood Risk Manager in the East Midlands, for the Environment Agency said:

    We know the devastating impact flooding can have this is why we are working closely with our professional partners on a number of projects to protect communities.

    It is important that the public understand their flood risk and are signed up to our flood warning service and educate themselves on how they can better protect themselves and their property from flooding. There is plenty of information here: Flooding – GOV.UK

    The best way to protect yourself from flooding is early preparation and knowing what to do in advance. Some of the actions people can take to reduce the dangers are:

    • Check your long-term flood risk. You can use this free service to find out the long-term flood risk for an area in England, the possible causes of flooding, and how to manage flood risk.

    • Sign up for flood warnings by phone, text or email
    • Taking steps to protect yourself from future flooding – including storing important documents in a secure, waterproof location, taking rugs and small furniture upstairs, checking how to turn off your electricity and water, preparing a flood kit.

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    Updates to this page

    Published 18 October 2024

    MIL OSI United Kingdom –

    January 24, 2025
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