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Category: Machine Learning

  • MIL-Evening Report: AI is a multi-billion dollar industry. It’s underpinned by an invisible and exploited workforce

    Source: The Conversation (Au and NZ) – By Ganna Pogrebna, Executive Director, AI and Cyber Futures Institute, Charles Sturt University

    Olena Yakobchuk/Shutterstock

    In dusty factories, cramped internet cafes and makeshift home offices around the world, millions of people sit at computers tediously labelling data.

    These workers are the lifeblood of the burgeoning artificial intelligence (AI) industry. Without them, products such as ChatGPT simply would not exist. That’s because the data they label helps AI systems “learn”.

    But despite the vital contribution this workforce makes to an industry which is expected to be worth US$407 billion by 2027, the people who comprise it are largely invisible and frequently exploited. Earlier this year nearly 100 data labellers and AI workers from Kenya who do work for companies like Facebook, Scale AI and OpenAI published an open letter to United States President Joe Biden in which they said:

    Our working conditions amount to modern day slavery.

    To ensure AI supply chains are ethical, industry and governments must urgently address this problem. But the key question is: how?

    What is data labelling?

    Data labelling is the process of annotating raw data — such as images, video or text — so that AI systems can recognise patterns and make predictions.

    Self-driving cars, for example, rely on labelled video footage to distinguish pedestrians from road signs. Large language models such as ChatGPT rely on labelled text to understand human language.

    These labelled datasets are the lifeblood of AI models. Without them, AI systems would be unable to function effectively.

    Tech giants like Meta, Google, OpenAI and Microsoft outsource much of this work to data labelling factories in countries such as the Philippines, Kenya, India, Pakistan, Venezuela and Colombia.

    China is also becoming another global hub for data labelling.

    Outsourcing companies that facilitate this work include Scale AI, iMerit, and Samasource. These are very large companies in their own right. For example, Scale AI, which is headquartered in California, is now worth US$14 billion.

    Cutting corners

    Major tech firms like Alphabet (the parent company of Google), Amazon, Microsoft, Nvidia and Meta have poured billions into AI infrastructure, from computational power and data storage to emerging computational technologies.

    Large-scale AI models can cost tens of millions of dollars to train. Once deployed, maintaining these models requires continuous investment in data labelling, refinement and real-world testing.

    But while AI investment is significant, revenues have not always met expectations. Many industries continue to view AI projects as experimental with unclear profitability paths.

    In response, many companies are cutting costs which affect those at the very bottom of the AI supply chain who are often highly vulnerable: data labellers.

    Low wages, dangerous working conditions

    One way companies involved in the AI supply chain try to reduce costs is by employing large numbers of data labellers in countries in the Global South such as the Philippines, Venezuela, Kenya and India. Workers in these countries face stagnating or shrinking wages.

    For example, an hourly rate for AI data labellers in Venezuela ranges from between 90 cents and US$2. In comparison, in the United States, this rate is between US$10 to US$25 per hour.

    In the Philippines, workers labelling data for multi-billion dollar companies such as Scale AI often earn far below the minimum wage.

    Some labelling providers even resort to child labour for labelling purposes.

    But there are many other labour issues within the AI supply chain.

    Many data labellers work in overcrowded and dusty environments which pose a serious risk to their health. They also often work as independent contractors, lacking access to protections such as health care or compensation.

    The mental toll of data labelling work is also significant, with repetitive tasks, strict deadlines and rigid quality controls. Data labellers are also sometimes asked to read and label hate speech or other abusive language or material, which has been proven to have negative psychological effects.

    Errors can lead to pay cuts or job losses. But labellers often experience lack of transparency on how their work is evaluated. They are often denied access to performance data, hindering their ability to improve or contest decisions.

    Making AI supply chains ethical

    As AI development becomes more complex and companies strive to maximise profits, the need for ethical AI supply chains is urgent.

    One way companies can help ensure this is by applying a human right-centreed design, deliberation and oversight approach to the entire AI supply chain. They must adopt fair wage policies, ensuring data labellers receive living wages that reflect the value of their contributions.

    By embedding human rights into the supply chain, AI companies can foster a more ethical, sustainable industry, ensuring that both workers’ rights and corporate responsibility align with long-term success.

    Governments should also create new regulation which mandates these practices, encouraging fairness and transparency. This includes transparency in performance evaluation and personal data processing, allowing workers to understand how they are assessed and to contest any inaccuracies.

    Clear payment systems and recourse mechanisms will ensure workers are treated fairly. Instead of busting unions, as Scale AI did in Kenya in 2024, companies should also support the formation of digital labour unions or cooperatives. This will give workers a voice to advocate for better working conditions.

    As users of AI products, we all can advocate for ethical practices by supporting companies that are transparent about their AI supply chains and commit to fair treatment of workers. Just as we reward green and fair trade producers of physical goods, we can push for change by choosing digital services or apps on our smartphones that adhere to human rights standards, promoting ethical brands through social media, and voting with our dollars for accountability from tech giants on a daily basis.

    By making informed choices, we all can contribute to more ethical practices across the AI industry.

    Ganna Pogrebna 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. AI is a multi-billion dollar industry. It’s underpinned by an invisible and exploited workforce – https://theconversation.com/ai-is-a-multi-billion-dollar-industry-its-underpinned-by-an-invisible-and-exploited-workforce-240568

    MIL OSI Analysis – EveningReport.nz –

    January 23, 2025
  • MIL-OSI: PrairieSky Royalty Announces Conference Call for Q3 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 08, 2024 (GLOBE NEWSWIRE) — PrairieSky will release its Q3 2024 results on Monday, October 28, 2024 after markets close. The news release detailing PrairieSky’s Q3 2024 results will provide operating and financial information. Financial statements along with management’s discussion and analysis will be available on PrairieSky’s website at http://www.prairiesky.com and on SEDAR+ at http://www.sedarplus.com.

    A conference call to discuss the results will be held for the investment community on Tuesday, October 29, 2024 beginning at 6:30 am MT (8:30 am ET). To participate in the conference call, you are asked to register at the link provided below. Details regarding the call will be provided to you upon registration.

    About PrairieSky Royalty Ltd.

    PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada. PrairieSky common shares trade on the Toronto Stock Exchange under the symbol PSK.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    PrairieSky Royalty Ltd.
    Investor Relations
    (587) 293-4000

    http://www.prairiesky.com

    PDF available: http://ml.globenewswire.com/Resource/Download/414b59af-1cc6-4caa-8c98-0e69a9ece839

    The MIL Network –

    January 23, 2025
  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Commend the Lao People’s Democratic Republic for Elevating Gender Equality to the National Level, Raise Questions on the Treatment of Women Human Rights Defenders and on Human Tra

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today concluded its consideration of the tenth periodic report of the Lao People’s Democratic Republic, with Committee Experts commending the State for elevating the issue of gender equality to the national level, while raising questions on its treatment of women human rights defenders, and how it was combatting human trafficking.

    Jie Xia, Committee Expert and Country Rapporteur, said the Committee commended the Lao People’s Democratic Republic for elevating the issue of gender equality to the national level through domesticating the Convention, developing a law on gender equality, and developing a national action plan and strategy on gender equality, among other measures. 

    A Committee Expert said the Committee had received several names of female human rights defenders who had been poorly treated by the Government and the judiciary.  Could the State party outline recent efforts to review and amend any existing laws, regulations, or decrees that may unduly restrict freedom of expression to ensure that these legal frameworks complied with international human rights standards, including the Convention? What measures was the State taking to investigate the disappearance, maltreatment and deaths of female human rights activists? 

    Another Expert said the Lao People’s Democratic Republic continued to be a renowned source of origin for migrant workers as well as increasingly becoming a country of transit and destination for sexual exploitation and human trafficking.  What were some of the key policies that the National Steering Committee on Anti-Human Trafficking had introduced and implemented in terms of effective anti-trafficking measures?  How was the implementation of the national plan on anti-trafficking carried out?  How did the State ensure that the security forces were working effectively to address the prevalence of trafficking within the Golden Triangle Special Economic Zone? 

     

    The delegation said the Committee operated on reports from non-governmental organizations, which were often exaggerated.  It was important to look at the reality in the country, rather than organizations that operated reports, which sometimes fit the category of disinformation.  For example, regarding the cases of the so-called female human rights defenders, they were not human rights defenders. They had organised propaganda against the State and had violated criminal law, and were therefore prosecuted and imprisoned. 

    The delegation said a national commission on human trafficking had been established at the provincial, district and national levels.  Focus was directed to the protection of victims.  Trainings were conducted for law enforcement staff on how to identify victims of trafficking, how to refer their cases, and how to further protect them.  The Women’s Union had expanded the shelter services to six provinces in the country. There was a police headquarters located within the Golden Triangle to prevent violations of human rights. Companies operating in this area were encouraged to ensure their staff received medical examinations. 

    Introducing the report, Chansoda Phonethip, Vice President of the Lao People’s Democratic Republic Women’s Union and Vice President of the National Commission for the Advancement of Women, Mothers and Children, and head of delegation, said the promotion and protection of women’s rights were at the core of the Government policy of the Lao People’s Democratic Republic.  In 2019, the National Assembly adopted the law on gender equality, which introduced a wide range of measures to address gender disparities across various sectors.  Under this law, gender-based discrimination was classified as a criminal offense. The Lao People’s Democratic Republic was dedicated to eliminating child marriage through strengthening legal and administrative frameworks, investing in education, and encouraging communities to collectively address the challenges posed by harmful practices such as early marriage and pregnancy. 

    In closing remarks, Ms. Phonethip thanked the Committee for the dialogue, which helped the Lao People’s Democratic Republic fulfil its obligations under the Convention. The Committee’s insights were instrumental to advancing the rights of women and girls in the country.  The State welcomed any support from the international community to help in meeting its obligations under the Convention. 

    Esther Eghobamien-Mshelia, Committee Vice Chair, thanked the delegation for the constructive dialogue with the Committee, which helped it to better understand the situation of women and girls in the Lao People’s Democratic Republic.

    The delegation of the Lao People’s Democratic Republic was comprised of representatives from the National Commission for the Advancement of Women, Mothers and Children; the Ministry of Foreign Affairs; the Lao Women’s Union; and the Permanent Mission of the Lao People’s Democratic Republic to the United Nations Office at Geneva.

    The Committee on the Elimination of Discrimination against Women’s eighty-ninth session is being held from 7 October to 25 October.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 10 a.m. on Wednesday, 9 October to consider the fifth periodic report of Saudi Arabia (CEDAW/C/SAU/5).

    Report

    The Committee has before it the tenth periodic report of the Lao People’s Democratic Republic (CEDAW/C/LAO/10).

    Presentation of Report

    CHANSODA PHONETHIP, Vice President of the Lao People’s Democratic Republic Women’s Union and Vice President of the National Commission for the Advancement of Women, Mothers and Children, and head of delegation, said the promotion and protection of women’s rights were at the core of the Government policy of the Lao People’s Democratic Republic.  All citizens, regardless of sex, had equal rights in political, economic, social and family life, in compliance with the principles and norms of the Convention. The Government had implemented supportive measures in response to the COVID-19 pandemic, which was a key challenge for the country.  These included financial subsidies which particularly targeted unemployed individuals and women factory workers, with a total of 61,511 people benefitting from these initiatives.  The Government also introduced two national agendas, one focusing on addressing economic and financial difficulties, and the other on combatting drug trafficking. 

    In 2019, the National Assembly adopted the law on gender equality, which introduced a wide range of measures to address gender disparities across various sectors. Under this law, gender-based discrimination was classified as a criminal offense.  Over 50 laws had been revised and newly adopted over the past five years, including those aimed at improving women’s rights and ensuring gender equality. The Government had made great efforts to provide legal aid free of charge for disadvantaged people, as outlined in the law on lawyers, and the decree on legal aid.  The Lao People’s Democratic Republic actively maintained three national mechanisms for promoting gender equality and empowering women. These included the Government, represented by the National Commission for the Advancement of Women, Mothers and Children; the mass organization, represented by the Lao People’s Democratic Republic Women’s Union; and the legislature, represented by the National Assembly’s Women’s Caucus. 

    The Government remained committed to reviewing and strengthening its legal frameworks to further enhance protection from violence, particularly through the law on the protection and development of women and the law on the protection of the rights and interests of children.  The State had strengthened its national mechanisms for assisting women and girls who were victims of violence by adopting the “No Wrong Door” approach, ensuring that victims could access essential services, including healthcare, legal aid, and coordinated case management.  Counselling and protection centres had also been extended to five provinces.

    Awareness raising on gender-based violence was conducted and legal information and resources, such as handouts, posters and brochures on violence were widely distributed. 

    The Lao People’s Democratic Republic was dedicated to eliminating child marriage through strengthening legal and administrative frameworks, investing in education, and encouraging communities to collectively address the challenges posed by harmful practices such as early marriage and pregnancy.  The Government undertook a national study on early marriage and pregnancy, which would guide the formulation of policies and action plans to effectively tackle these issues.  The Government was also committed to protecting and supporting children affected by early marriage, ensuring their successful reintegration into society.  The State was dedicated to preventing human trafficking, with a strong focus on vulnerable groups, particularly women in border regions and high-risk communities. 

    Despite advancements made, the representation of female members in the Ninth National Assembly did not meet the set target of 30 per cent.  In response, the Government was actively undertaking a comprehensive review to identify the underlying factors contributing to this decline, particularly focusing on the various barriers that women faced in attaining high-ranking positions.  The outcomes of this study would serve to address these challenges and promote the participation of women in the upcoming elections for the Tenth National Assembly in 2026.  On the other hand, the number of female members of Provincial People’s Assemblies was higher than the set target.  Most recently, three women were promoted to the rank of Brigadier General, a historical moment in the Lao People’s Democratic Republic army. 

    The Government was actively promoting healthier lifestyles by raising awareness about sanitation, nutrition, and comprehensive pre- and post-natal care for women. Recent data reflected a significant decrease in the maternal mortality rate, now at 36.6 per 100,000 live births.  Ms. Phonethip said in 2026, the Lao People’s Democratic Republic would celebrate the forty-fifth anniversary of its ratification of the Convention. While significant achievements had been made in more than four decades, there were still challenges to overcome. It was hoped that the constructive dialogue with the Committee would produce meaningful outcomes. 

    Questions by Committee Experts

    JIE XIA, Committee Expert and Country Rapporteur, thanked the State party for sending a high-level delegation.  The Committee welcomed positive measures taken by the State party since 2018 to advance the status of women, promote gender equality, and eliminate discrimination against women.  The Committee commended the Lao People’s Democratic Republic for elevating the issue of gender equality to the national level through domesticating the Convention, developing a law on gender equality, and developing a national action plan and strategy on gender equality, among other measures. 

    It was noted that the Criminal Code penalised discriminatory acts based on gender.  Had there been any actions taken to directly penalise gender-based discrimination?  How many cases had been brought under article 204?  The Committee commended the Lao People’s Democratic Republic for domesticating the Convention; what measures had been taken to advance this process?  Could the judiciary apply the relevant laws in its rulings?  How many trainings had covered the Convention?  Could up to date information be provided on efforts made to implement the law on gender equality and the third national strategy on gender equality?  Did the State party encourage mediation through legal means?  How was it ensured that people did not escape legal sanctions by taking advantage of mediation? 

    A Committee Expert said the State party had repeatedly declared it was not able to establish a human rights institution in line with the Paris Principles.  What obstacles did the State party face in this regard?  If a female leader wished to establish a federal liberal party for the upcoming elections, would this be allowed?  If not, why not? 

    There were reports that the Government severely restricted non-governmental organizations. Women rights groups were confined to working through the Lao People’s Democratic Republic Women’s Union, which was a State body.  The Penal Code was also used to prosecute activists and restrict freedom of assembly. The Committee had received several names of female human rights defenders who had been poorly treated by the Government and the judiciary?  Could the State party outline recent efforts to review and amend any existing laws, regulations, or decrees that may unduly restrict freedom of expression to ensure that these legal frameworks complied with international human rights standards, including the Convention?  What measures was the State taking to investigate the disappearance, maltreatment and deaths of female human rights activists?  Was there a public site where detailed statistics related to sex and gender were published annually? 

    Another Expert commended the State party for its initiatives, including training programmes for women in leadership roles.  However, the Committee was concerned that the State party had not instituted temporary special measures to improve specific situations for women and girls.  What was the State party’s concerns regarding the use of temporary special measures?  What steps had been taken to demonstrate the values of temporary special measures and to provide explanations to the general public on the failure to employ these measures?  Would the State party consider the adoption of temporary special measures to fulfil the rights of disadvantaged women and ensure their participation in all areas of life?  What steps was the State party taking to collaborate with stakeholders, including civil society, to implement temporary special measures? 

    Responses by the Delegation

    The delegation said the Penal Code provided for the criminalisation of discrimination against women, and stated that anyone who discriminated against women due to gender would be punished, including by deprivation of liberty and fines.  There had been no cases enacted in the courts so far. The Government paid attention to the functioning of the mediation unit.  It was important to prioritise this mechanism to help avoid people going to the courts, which took time.  Harmony and non-confrontation were important in the Lao People’s Democratic Republic. This was why the Government placed significant importance on the functioning of the village mediation unit. Anyone dissatisfied with the outcome of the mediation unit could escalate it to the courts. 

    The Lao People’s Democratic Republic was preparing for the fourth cycle of the Universal Periodic Review early next year, and was working hard in this regard.  Several recommendations pertained to the Convention, which was a key focus of the Government.  The State was also preparing for the forthcoming visit of the Special Rapporteur on cultural rights in November this year.  Law dissemination campaigns were conducted to people in the provinces.  The budget reflected the implementation of the law on gender equality. 

    The delegation said the Government recognised the importance of national human rights institutions.  The Paris Principles had been studied carefully and research had been conducted on examples of such institutions in different countries.  Workshops had been organised, including with Commissioners from India, Indonesia and Myanmar, to learn how their national human rights institutions worked.  The State had different mechanisms in place and a new commission would involve increased resources.  There were established human rights focal points in each sector and issues could be conveyed through them.  Sometimes, taskforces were established to investigate particular human rights issues. The Lao People’s Democratic Republic was trying to strengthen the current mandates of what they had now. Only 118 Member States of the United Nations had established human rights commissions; in Asia, this number was only 15. 

    The Committee operated on reports from non-governmental organizations, which were often exaggerated.  It was important to look at the reality in the country, rather than organizations that operated reports, which sometimes fit the category of disinformation.  For example, regarding the cases of the so-called female human rights defenders, they were not human rights defenders. They had organised propaganda against the State and had violated criminal law, and were therefore prosecuted and imprisoned.  They used the pretext of freedom of expression to violate the law.  Freedom of expression had limits; it was not absolute. 

    The Lao People’s Democratic Republic planned to conduct an economic survey.  From 2017, the State had made efforts to improve existing databases throughout the sectors.  The Government had made efforts to mobilise women to take part in elections. Capacity training was provided to women. An action plan was in place to empower women to hold leadership positions in the commerce sector.  Women were present in all branches of the economy. 

    Questions by Committee Experts

    A Committee Expert was pleased to hear that the Lao People’s Democratic Republic was considering establishing a human rights institution; how long would this process take? How many cases related to gender-based discrimination were conducted in the State party before the courts in the last five years, and how did they end?  It was sad to hear about the State’s general position regarding human rights defenders.  However, it was pleasing to hear the Criminal Code was being reviewed to enhance freedom of expression; how long would this review process take? 

    Another Expert asked what were the concerns and challenges the State faced in regard to using temporary special measures to advance the rights of women in the country? Could these measures be used to reallocate resources to women? 

    Responses by the Delegation 

    The delegation said it was not practical for the State to provide a timeline on establishing a national human rights institution, as they were learning from other countries and strengthening existing mechanisms.  In some cases, people misused and abused human rights treaties, using freedom of expression as a pretext.  In the case of one woman in prison, she had used propaganda to distort information and criticise the Government.  Every 10 years, the Government amended the Constitution and focused on articles which were relevant.  Next year, the Government would organise a population Census which would be gender disaggregated.  This would be used to prepare the next five-year development plan. 

    There were plans to increase the number of women in Government by 2026.  A survey would be conducted to determine why there were decreasing numbers of female parliamentarians.  Regarding temporary special measures, there were challenges in human and financial resources, as well as changing the mindsets of some people who still discriminated against women.  There were few cases of gender discrimination in the courts due to the use of the peaceful mediation resolution, which prevented cases from going to the courts. 

    Questions by Committee Experts

    A Committee Expert said the Lao People’s Democratic Republic had yet to promulgate a national action plan for women, peace and security, in accordance with the Committee’s recommendations.  Would the State consider including the rise of artificial intelligence and its impact on women’s security in the plan?  Would the impact of militarisation be addressed?  What was being done to address harmful stereotypes of women and girls, particularly in rural areas?  Would the law on domestic violence be revised to address cybercrime against women and scams against impoverished women?  It was concerning that there was no specific law against spousal rape.  Would affirmative consent be included as an essential component of rape?  Economic turmoil had led to an increase in domestic violence and child marriage. How would economic policies take the most vulnerable into account?  What steps had been taken to assess the impact of the economic crisis on women? 

    Another Expert commended the State’s efforts to address trafficking in persons, including through the enactment of the 2016 anti-trafficking law and the inclusion of article 215 in the 2018 Penal Code, which criminalised both sex and labour trafficking.  The national plan on anti-trafficking in persons combatting and prevention phase III (2021-2025) and the establishment of the National Steering Committee on Anti-Human Trafficking were positive steps.  However, the Lao People’s Democratic Republic continued to be a renowned source of origin for migrant workers as well as increasingly becoming a country of transit and destination for sexual exploitation and human trafficking. What were some of the key policies that the Committee had introduced and implemented in terms of effective anti-trafficking measures?  How was the implementation of the national plan on anti-trafficking carried out? 

    Concerns persisted around the prevalence of trafficking within the Golden Triangle Special Economic Zone.  Sources reported the sale and trafficking of girls as young as 13 and 14 to China increasingly happening unrestricted through flourishing internet trade.  How did the State ensure that the security forces were working effectively to address such challenges?  What specific actions were being taken to combat the impunity in the Special Economic Zone?  How did the Government plan to strengthen the capacity of law enforcement and judiciary personnel to investigate, prosecute, and secure convictions in trafficking cases? 

    It was positively noted that under the national plan of action on anti-trafficking in persons, a temporary shelter for victims of trafficking in persons was established. Did the State party have any plans to strengthen survivor services and increase resources as well as expand the capacity of shelters, legal aid services, and vocational training programmes, particularly in provinces with higher trafficking risks and women and girls from rural and ethnic minority communities?  Given that many trafficking cases involved border crossings, how was work done with cross-border countries to strengthen the approach against trafficking?  Did the State’s COVID-19 response plan address the heightened risk of trafficking? 

    Responses by the Delegation

    The delegation said that the Lao People’s Democratic Republic was translating the Association of Southeast Asian Nations’ women, peace and security plan and would disseminate this.  The State’s national plan of action for 2026 to 2030 was being drafted, and women, peace and security would be integrated into this.  Workshop seminars were organised to look at the traditional practice. To ensure gender equality, the Lao People’s Democratic Republic Women’s Union had made efforts to develop guidelines for domestic violence and promote the reproductive health of women. Projects had been piloted in six provinces in the country. 

    A national commission on human trafficking had been established at the provincial, district and national levels.  Focus was directed to the protection of victims.  The Government focused on preventing trafficking in persons, particularly for women working in factories and those living in remote villages.  The Government also organised anti-human trafficking days in July each year, at the central and local levels.  Trainings were conducted for law enforcement staff on how to identify victims of trafficking, how to refer their cases, and how to further protect them. 

    The Women’s Union had expanded the shelter services to six provinces in the country.  After being rescued, victims were referred to the Union and were provided with shelter and mental and physical support, and they were then reintegrated back into society.  Work was done with the Ministry of Justice to ensure victims could receive justice and the traffickers could be prosecuted.  From June 2024, professional training had been provided for more than 600 people in the area of human trafficking.  There was a police headquarters located within the Golden Triangle to prevent violations of human rights.  Companies operating in this area were encouraged to ensure their staff received medical examinations.  The Government of the Lao People’s Democratic Republic had developed a legal framework on human trafficking.

    Rape was clarified within the Penal Code; however, the element of affirmative consent was not present. The State needed to explore this option and conduct studies in this regard.  The Lao People’s Democratic Republic had made efforts to cooperate within the multilateral framework and on bilateral mechanisms with neighbouring countries. 

    In the Lao People’s Democratic Republic, more than 200,000 people had been infected by COVID-19. More than 60,000 had died of the virus. The country still faced the continuing impact of COVID-19, and was in the process of recovering.  The country had been faced with economic and financial difficulties, as well as natural disasters and climate change.  The Government had taken concrete measures to address this situation, including for women, to ensure no one was left behind. 

    Questions by Committee Experts

    A Committee Expert commended the Lao People’s Democratic Republic for making equality a driver towards peace.  The number of women in parliament had improved to 22 per cent, and there was a parliamentary commission, which was positive.  However, parity meant 50/50; it needed to be seen as a relevant solution to poverty.  In the absence of political pluralism, how could the electoral base be expanded to ensure women had access to political parties and leadership?  How could it be ensured that there was a large-scale effort to ensure women had access to voting and being candidates?  How could these developments be accelerated?  What initiatives could be undertaken to ensure real parity for women in the life of the party and the central congress?  What role could the Women’s Union play to train candidates and create momentum?  What could be done to support civil society?  What initiatives could be taken to help women participate in a more effective way?  How was it ensured that ethnic minorities could participate in local development? 

    Another Expert underscored the importance of documentation as proof of nationality. The guide to birth registration and other measures were well noted.  Was information on birth registration from provinces gathered on an annual basis?  What had the percentage increase in registration been?  What target had been reached as of today?  What were the key challenges and what incentives were being considered for the still unregistered 30 per cent?  Was disaggregated data on registrations available?  What measures and incentives were taken to improve birth registration and encourage ethnic minority groups and rural women to register births?  How was the documentation system used to track the State party’s migrant women population?  Could stateless children or children born to immigrant women obtain the nationality of the Lao People’s Democratic Republic?  How many had been granted nationality so far? 

    Responses by the Delegation

    The delegation said female diplomats in the Lao People’s Democratic Republic played an impressive role in the country’s foreign affairs work.  In 2024, out of 914 diplomats working in the Ministry, 322 were female diplomats, representing 32.5 per cent.  Of 27 ambassador posts, five were women, which was equivalent to 19 per cent.  Of three minister posts, one was a woman.  When there were opportunities such as scholarships, the policy now stated these should be offered to female diplomats first.  This month, the Lao People’s Democratic Republic Women’s Union had successfully completed hosting the Association of Southeast Asian Nations’ Women Entrepreneurs’ Conference 2024.   

    The Ministry of Home Affairs had carried out many activities to raise awareness of birth registration, including printing, publishing and distributing information. If a child was born to stateless parents who had fully integrated into the Lao People’s Democratic Republic culture, the child could obtain nationality on request.  There were several conditions, including speaking the language and respecting the Constitution.  These laws aimed to reduce statelessness.  There were not many stateless people in the Lao People’s Democratic Republic.

    Questions by Committee Experts

    A Committee Expert said the Committee welcomed that the State party was making efforts to increase the enrolment of girls and women in education.  However, there was a significant gender gap in non-traditional fields, including science, technology, engineering and mathematics. What concrete measures had been taken to ensure parents understood the importance of sending girls to schools? How was the effectiveness of gender-sensitive curricula ensured in order to change gender stereotypes from an early age?  What were the specific measures to increase the access of girls to education? 

    What were the plans to provide necessary education in native languages?  What steps were being taken to improve the infrastructure and resources in schools in remote areas?  What steps were being taken to ensure quality access to education for all women and girls with disabilities?  How would the State party sustain the school lunch programme in rural and remote areas?  How was the issue of child marriage monitored and addressed?  Parents needed to understand that education was important for girls; maybe training and awareness raising was needed for the parents. 

    Another Expert said that since the 1990s, the State party had made efforts to increase women’s participation in the labour market.  Yet despite this, women’s participation had steadily declined since 2012. The gender pay gap in the capital showed that 52 per cent of women employed took home only 77 per cent of men’s average wages.  What were the legislative measures for ensuring equal pay and equal and just working conditions?  What was the State’s assessment of the sharp decrease in women’s participation in the labour market, and what was being done to combat this?  How would these plans target women in vulnerable groups?  What policies were in place to protect migrant women workers?  What were the measures provided under the sexual harassment law? 

    A Committee Expert said the Lao People’s Democratic Republic had approved a decree to establish health insurance which was positive.  One of the key issues recognised by the Government was HIV/AIDS. What were the main results of efforts taken to prevent HIV/AIDS?  What steps had been taken to adopt HIV/AID legislation to expand access to services and combat discrimination?  Could updated information on rural women be provided, including access to services? What was the main reason for the criminalisation of abortion?  What were the main barriers which women and girls in poverty faced when accessing health services?  What access did women in detention have to reproductive health services?

    Responses by the Delegation

    The delegation said a group of parents had been created in primary schools to enable them to understand the importance of education.  Lunch boxes had been created for poor students and those who lived in rural areas, which had seen an increase in school enrolment.  A new curriculum had been developed for the schools and teachers had been trained on this.  Scholarships were provided to poor students and job training was provided to give students access to the labour market.  The law on disability aimed to protect the rights of those with disabilities. Within this law, children with disabilities could access educational facilities, the same as anyone else. Special equipment was provided to help these children receive an education.  The Lao People’s Democratic Republic provided tools for developing skills in the labour market. 

    The delegation said a national action plan had been implemented to combat HIV/AIDS and sexually transmitted diseases.  In addition to reducing the stigma, the 161 HIV/AIDS centres provided counselling services, with 11 centres providing treatment.  Testing kits for HIV detection were distributed within the communities.  Poor women could give birth in public hospitals free of charge.  In each detention centre, there were medical staff on hand to provide healthcare to detainees.  Other statistics would be provided in writing. 

    Questions by Committee Experts

    A Committee Expert commended the State party’s efforts to expand social protection coverage. Despite institutional efforts, feminised poverty persisted, and women continued to face great difficulties in gaining access to economic, social and cultural activities.  Could comprehensive data be provided on how women had benefitted from the small and medium enterprise law?  What targeted policies and measures existed to increase access to finances for women?  What gender-specific outcomes existed to demonstrate effectiveness and uptake in the banking sector? 

    What steps were being taken to adopt specific legislation on women’s rights to land? How could women’s roles at village and community levels be increased?  Could updated information be provided on measures taken to allow women in the informal sector to access benefits?  What was the impact of national and international cooperation programmes?  What plans existed to develop opportunities for women in sports?  How strong was the country’s economic, social and cultural framework on gender commitment? 

    Another Expert noted the different actions taken by the Lao People’s Democratic Republic to integrate gender equality into different sectors, including in agriculture and fisheries, to benefit rural women and other marginalised groups. However, there were clear gender gaps in the implementation of Government policies.  What concrete actions would the State party consider taking to ensure the effective implementation of Government initiatives to benefit vulnerable women?  How was gender-responsive climate financing integrated in the national budget?  What concrete steps had been taken to increase rural and other vulnerable women’s access to quality social services? 

    The Committee had received reports of indigenous people evicted from their ancestral land. What steps was the Lao People’s Democratic Republic taking to preserve ancestral land and mitigate the gendered impact of the climate crisis?  What concrete steps were being taken to protect the Hmong people from forceful evictions from their land?  What concrete steps were being taken to provide compensation to women evicted from their land? 

    A Committee Expert said the Constitution of the Lao People’s Democratic Republic called for the independence of the judiciary.  How was the Supreme Court trained on the rule of law and the independence of the judiciary? Did women human rights defenders have access to free legal counsel?  How were the village chiefs who were trained to implement the laws monitored?  It was understood that customary laws were part of a traditional system, but these might be outdated in 2024 and could create a stigma for women.  Women were often abandoned with their children in a time of profound economic crisis. Would the State consider social security and childcare arrangements? 

    Responses by the Delegation 

    The delegation said a law existed in the Lao People’s Democratic Republic which defined the right for individual or legal entities to use land, without any discrimination on the grounds of gender.  These were part of the efforts to promote women’s access to land.  The Lao People’s Democratic Republic was in the process of transforming the economy to make it digitalised.  The State had joined the international community in the Global Digital Compact.  Social protection efforts gave women in vulnerable situations top priority. Women were covered as a target group under the Government policy under the Sustainable Development Goals.  The issue of land was very important as many women were engaged in agriculture.  For this reason, the Government aimed to ensure women had access to land.  The Government had a legislative framework on the law of land. 

    Within the legal system of the Lao People’s Democratic Republic, a foreigner could not own land, but had the right to use the land.  The country prioritised the need for foreign investors to protect the environment.  Foreign entities did not own 50 per cent of land in the Lao People’s Democratic Republic. 

    A committee had been appointed to implement the climate action plan.  Human resources were allocated to implement this plan. Trainings on national disasters were provided in the provinces.  The national disaster preparedness plan had been piloted. Gender equality was mainstreamed across policies in all sectors.  A vaccination campaign was conducted to help prevent communicable disease.  Guidelines were developed to help increase the quality of health coverage. 

    The Lao People’s Democratic Republic Women’s Union was in the process of revising the law on the protection of women.  Specific rights had been added, including for the labour market.  The Government issued a decree on lifelong learning in 2020 to develop a policy for rural women and girls to have access to education. 

    Agriculture was the basis of the economy of the Lao People’s Democratic Republic.  A group of female farmers had been established which provided benefits, including generating income for their families. Currently, the Lao People’s Democratic Republic did not have a specific law on anti-discrimination.  However, the Government had adopted the law on gender equality.  Civil and criminal proceedings were required to be conducted on the basis that all civilians were equal before the law. 

    Campaigns were organised around land ownership to ensure all women understood their rights when it came to inheriting land, as well as the importance of putting their name on the land title.  The Lao People’s Democratic Republic categorically rejected the allegations of forced evictions.  Before being relocated, people were extensively consulted. 

    Closing Remarks

    CHANSODA PHONETHIP, Vice President of the Lao People’s Democratic Republic Women’s Union and Vice President of the National Commission for the Advancement of Women, Mothers and Children and head of delegation, thanked the Committee for the dialogue, which helped the Lao People’s Democratic Republic fulfil its obligations under the Convention.  The Committee’s insights were instrumental to advancing the rights of women and girls in the country.  The Lao People’s Democratic Republic would address the challenges highlighted by the Committee.  The State welcomed any support from the international community to help in meeting its obligations under the Convention. 

    ESTHER EGHOBAMIEN-MSHELIA, Committee Vice Chair, thanked the delegation for the constructive dialogue with the Committee, which helped it to better understand the situation of women and girls in the Lao People’s Democratic Republic.

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

    CEDAW24.024E

    MIL OSI United Nations News –

    January 23, 2025
  • MIL-OSI Asia-Pac: Price of Tur and Urad in major mandis declines by almost 10% in last three months

    Source: Government of India (2)

    Price of Tur and Urad in major mandis declines by almost 10% in last three months

    Current sowing area for Kharif pulses exceeds last year by over 7% and crop condition is good: Secretary, Department of Consumer Affairs, Government of India

    Centre discusses price of pulses with Retailers Association of India (RAI)

    Posted On: 08 OCT 2024 4:54PM by PIB Delhi

    Smt. Nidhi Khare, Secretary, Department of Consumer Affairs chaired a meeting with Retailers Association of India (RAI) and major organized retail chains today and discussed the scenario and trends in prices of major pulses. The meeting is timely and significant considering the festive season. Pertinently, mandi prices of most pulses are on declining trend in recent months against improved availability and higher sown area of kharif pulses this year.

    Secretary, Consumer Affairs informed that prices of Tur and Urad in major mandis had declined, on an average, by almost 10% during last three months, but retail prices have not seen similar decline. In respect of Chana, decline in mandi prices have been observed in the past one month, but retail prices continue to increase. She pointed out the diverging trends between wholesale mandi prices and retail prices are indicative of increasingly unwarranted margins that retailers are extracting out of the market dynamics. The trends are being closely tracked and necessary measures will have to be initiated if the divergences are found to be widening.

    The meeting was attended by officials of RAI and representatives from Reliance Retail Ltd., Vishal Mart, D Mart, Spencer and More Retail.

    In respect of availability position, Secretary, Consumer Affairs informed that Kharif Urad and Moong have started arriving in the markets while imports of Tur and Urad from East African countries and Myanmar are arriving steadily to augment the domestic production. The comfortable domestic availability situation is also evident from the fact that the quantity of pulses stock disclosed by big-chain retailers in the stock disclosure portal of Department of Consumer Affairs has been increasing every week.  

    She also pointed out that this year, sowing area for Kharif pulses has exceed last year by over 7% and crop condition has been good. In preparation for Rabi sowing, the Department of Agriculture & Farmers Welfare has assigned focus plans to each of the major producing States with the objective of increase production and self-sufficiency in pulses. NAFED and NCCF will be involved in farmers registration and seeds distribution among farmers in the upcoming Rabi season, as was done in the Kharif sowing season this year.

    Considering the current availability situation and easing of mandi prices, Secretary asked retail industry to extend all possible support to the Government in its efforts to keep prices of dals affordable to the consumers. In this regard, she invited organized retail chains to coordinate with NCCF and NAFED in the distribution of Bharat Dals, especially Bharat Masur Dal and Bharat Moong Dal, to widen and deepen the coverage and reach of Bharat Dals among consumers.

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    AD/NS

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    MIL OSI Asia Pacific News –

    January 23, 2025
  • MIL-OSI Asia-Pac: Dr. Mansukh Mandaviya Chairs 194th Meeting of Employees’ State Insurance Corporation (ESIC)

    Source: Government of India (2)

    Dr. Mansukh Mandaviya Chairs 194th Meeting of Employees’ State Insurance Corporation (ESIC)

    Union Minister Announces Establishment of 10 New ESIC Medical Colleges, Supporting PM’s Independence Day (2024) Pledge of 75,000 New Medical Seats in Next 5 Years

    Gives Extension to Atal Beemit Vyakti Kalyan Yojana for a period from 01.07.2024 to 30.06.2026

    Announces Provision of Medical Care to ESIC Beneficiaries under convergence program of ESIC with Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana (AB-PMJAY) on PAN India basis

    Approves Starting of Para-medical & B.Sc (Nursing) Courses at ESIC Medical Colleges

    Approves Recruitment of Nursing Officers through NORCET

    Posted On: 08 OCT 2024 6:15PM by PIB Delhi

    Dr. Mansukh Mandaviya, Union Minister for Labour & Employment and Youth Affairs & Sports chaired the 194th meeting of the ESI Corporation at ESIC Headquarters in New Delhi today. Sushri Shobha Karandlaje, Union Minister of State for Labour & Employment and Micro, Small & Medium Enterprises was also present on the occassion. At the meeting, the Union Minister announced several key decisions of ESI Corporation for further strengthening the infrastructure and medical facilities of ESIC. 

    Establishment of 10 New ESIC Medical Colleges

    ESI Corporation has approved in-principle for the establishment of 10 New ESIC Medical Colleges at Andheri (Maharashtra), Basaidarapur (Delhi), Guwahati-Beltola (Assam), Indore (Madhya Pradesh), Jaipur (Rajasthan), Ludhiana (Punjab), Naroda-Bapunagar (Gujarat), Noida & Varanasi (Uttar Pradesh), Ranchi (Jharkhand).

    This decision will support the announcement made by Prime Minister during the independence day (2024) speech of creating new 75000 medial seats in next 5 years.

    Extension of Atal Beemit Vyakti Kalyan Yojna for a period from 01.07.2024 to 30.06.2026

    In order to provide relief to insured persons, who have been rendered unemployed, a scheme namely “Atal Beemit Vyakti Kalyan Yojna” was introduced in ESIC on a pilot basis for a period of two years w.e.f. 01.07.2018. The scheme was intended to provide support in the form of an Unemployment Allowance during the period when an insured person searches for a new engagement for earnings.

    After completion of two years since its inception, the scheme was extended for another one year from 01.07.2020 to 30.06.2021. It was further extended upto 30.06.2022 and then upto 30.06.2024.

    Further, this scheme has been extended for a further two years with effect from 01.07.2024 to 30.06.2026.

    Provision of Medical Care to ESIC Beneficiaries under convergence program of ESIC with Ayushman Bharat Pradhan Mantri Jan Aarogya Yojana (AB-PMJAY) on PAN India basis

    This decision will help the ESIC beneficiaries to get treatment at empanelled hospitals of Ayushman Bharat – Pradhan Mantra Jan Arogya Yojana (AB-PMJAY) in unserviced/deficient areas of country. There shall not be any expenditure limit for Insured Persons of ESIC in emapanelled hospitals under PMJAY.

    Starting of Para-medical & B.Sc (Nursing) Courses at ESIC Medical Colleges

    ESI Corporation has approved Para-medical & B.Sc (Nursing) Courses in ESIC Medical College Alwar (Rajashtan), Bihta (Bihar), Faridabad (Haryana), Joka (West Bengal), K.K. Nagar (Tamil Nadu), Sanathnagar (Telangana) & Rajajinagar (Karnataka).

     

    Nursing Officer Recruitment through NORCET in line with the AIIMS recruitment policy

    ESI Corporation has approved for the adoption of recruitment for the post of Nursing Officer, in line with the AIIMS recruitment policy, for conducting the recruitment of Nursing Officers through NORCET organized by AIIMS. This will ensure that there is no shortage and vacancy of nurses in ESIC Hospitals/Colleges and Dispensaries.

    ESI Corporation approved for the Acquisition of land parcels for construction of Hospitals/Dispensaries/DCBOs at different locations

    After analyzing the norms and strengthening ESIC’s infrastructure to deliver and meet the medical needs of insured workers, the corporation approved the proposals for Acquisition of land for construction of following projects: –

    (i) 100 bedded ESI Hospital at Guntur, Andhra Pradesh

    (ii) 01 Doctor Dispensary at Fatehpur, Uttar Pradesh

    (iii) DCBO at Pratapgarh, Uttar Pradesh

    (iv) 350 bedded ESI Hospital, Pune, Maharashtra

    (v) ESI Dispensary and Branch Office, Dhubri, Assam

    (vi) 100 bedded ESI Hospital at Muzaffarpur, Biha

    (vii) DCBO at Auraiya, Uttar Pradesh

    Further, Construction of 717 new staff quarters at ESIC residential colony, Sector-56, Noida, Uttar Pradesh has also been approved.

    Various agenda items pertaining to improvement in Medical Care Services, Administration, Financial Matters were deliberated upon and decided during the meeting along with the review of ongoing construction projects.

    The 194th meeting of the ESI Corporation was attended by Ms. Dola Sen, Member of Parliament (Rajya Sabha), Shri Praveen Khandelwal, Member of Parliament (Lok Sabha), Shri N.K. Premachandran, Member of Parliament (Lok Sabha), Ms. Sumita Dawra, Secretary (L&E) and Shri Ashok Kumar Singh, Director General, ESIC. Principal Secretaries/Secretaries of the state governments, representatives of employers, employees and experts in the medical field were also present during the meeting.

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    Himanshu Pathak

    (Release ID: 2063239) Visitor Counter : 42

    MIL OSI Asia Pacific News –

    January 23, 2025
  • MIL-OSI Asia-Pac: PM to lay foundation stone of various development projects in Maharashtra worth over Rs 7600 crore on 9 October

    Source: Government of India

    PM to lay foundation stone of various development projects in Maharashtra worth over Rs 7600 crore on 9 October

    PM to lay foundation stone of upgradation of Dr. Babasaheb Ambedkar International Airport, Nagpur

    PM to lay foundation stone of New Integrated Terminal Building at Shirdi Airport

    PM to inaugurate Indian Institute of Skills Mumbai and Vidya Samiksha Kendra Maharashtra

    Posted On: 08 OCT 2024 7:31PM by PIB Delhi

    Prime Minister Shri Narendra Modi will lay the foundation stone of various development projects in Maharashtra worth over Rs 7600 crore, at around 1 PM, through video conference.

    Prime Minister will lay the foundation stone of the upgradation of Dr. Babasaheb Ambedkar International Airport, Nagpur with a total estimated project cost of around Rs 7000 crore. It will serve as a catalyst for growth across multiple sectors, including manufacturing, aviation, tourism, logistics, and healthcare, benefiting Nagpur city and the wider Vidarbha region.

    Prime Minister will lay the foundation stone of the New Integrated Terminal Building at Shirdi Airport worth over Rs 645 crore. It will provide world-class facilities and amenities for the religious tourists coming to Shirdi. The construction theme of the proposed terminal is based on the spiritual neem tree of Sai Baba.

    In line with his commitment to ensuring affordable and accessible healthcare for all, Prime Minister will launch operationalization of 10 Government Medical Colleges in Maharashtra located at Mumbai, Nashik, Jalna, Amravati, Gadchiroli, Buldhana, Washim, Bhandara, Hingoli and Ambernath (Thane). While enhancing the under graduate and post graduate seats, the colleges will also offer specialised tertiary healthcare to the people.

    In line with his vision to position India as the “Skill Capital of the World,” Prime Minister will also inaugurate the Indian Institute of Skills (IIS) Mumbai, with an aim to create an industry-ready workforce with cutting-edge technology and hands-on training. Established under a Public-Private Partnership model, it is a collaboration between the Tata Education and Development Trust and Government of India. The institute plans to provide training in highly specialised areas like mechatronics, artificial intelligence, data analytics, industrial automation and robotics among others.

    Further, Prime Minister will inaugurate the Vidya Samiksha Kendra (VSK) of Maharashtra. VSK will provide students, teachers, and administrators with access to crucial academic and administrative data through live chatbots such as Smart Upasthiti, Swadhyay among others. It will offer high-quality insights to schools to manage resources effectively, strengthen ties between parents and the state, and deliver responsive support. It will also supply curated instructional resources to enhance teaching practices and student learning.

     

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    MJPS

    (Release ID: 2063276) Visitor Counter : 54

    MIL OSI Asia Pacific News –

    January 23, 2025
  • MIL-OSI Asia-Pac: Combination nanotherapeutic clotting implant reduces localized tumor recurrence post-surgery

    Source: Government of India

    Posted On: 08 OCT 2024 8:34PM by PIB Delhi

    A combination therapeutic implant consisting of metal-based nanomedicine reinforced with patient derived blood clotting components reduces localised tumour recurrence post-surgery.

    The technology can be used to fabricate a therapeutic kit that can generate this autologous hybrid implant by using simple equipment such as handheld homogenizer and a centrifuge which might be beneficial to marginalised cancer patients.

    Surgery and chemotherapy are inevitable in managing solid tumors. However, local recurrence due to residual tumor and systemic toxicity due to drug non-specificity confer these vital modalities inefficient. Nanotechnological tools show promise in reducing toxicity and improving solubility of chemodrugs, but due to their poor tumor bioavailability (<0.7% of injected dose) and rapid clearance by reticulo endothelial system, their progress is deescalated. A key obstacle is also the adsorption of host serum proteins over the surface of nanoparticles termed as ‘protein corona’.

    Protein corona has been recently established as a molecular fingerprint of a patient and has been realized to be integrated into the basic design of nanoparticles for a futuristic personalized treatment strategy. Considering serum proteins being the first line of interaction for a drug molecule soon after its systemic administration, scientists are trying to devise ways in positively channelizing corona proteins towards generation of precision nanomedicines and diagnostic tools.

    Scientists at Institute of Nano Science and Technology (INST), Mohali, an autonomous institute of Department of Science and Technology in collaboration with researchers from IIT Ropar, AIIMS Bilaspur and PGIMER Chandigarh have developed and tested an indigenous intra-operative combination treatment consisting of drug and metal-based nanomedicine stabilized by patient derived serum protein corona termed as Nano-Micro-Sera (NMS) and reinforced them into autologous fibrin to aid in the post-surgical management of locally recurrent tumors.

    The hybrid fibrin implant quickly bonds with damaged tissue in the residual tumor bed. After closure of the surgical site, localized chemo-phototherapy impeded tumor recurrence through immunogenic cell death (ICD) mediated dendritic cell maturation and T-cell activation.

    Although fibrin sealants are commercially available, autologously derived fibrin glue is also utilized favourably during mastectomy, maxillofacial and ophthalmological surgery. Due to its wide acceptance for such clinical procedures, strengthening it further with therapeutic functionality by incorporating NMS is highly warranted.

    The autologous hybrid fibrin glue developed by the researchers exhibited remarkable synergy and superior outcomes in suppressing recurrent breast tumors. This host-specific approach published in the journal Nanoscale was meticulously crafted for bedside fabrication using minimal resources, addressing the limitations of conventional therapies and ensuring accessibility for patients across different economic conditions.

    Considering the large number of patients suffering from solid tumors in India, an affordable methodology for localized post-surgical management will have significant impact in controlling recurrence of primary tumor and thereby affecting the probability for local as well as distant metastasis.

    Publication link: DOI: 10.1039/d4nr01076k

    Figure shows work flow for preparation of Nano Micro Sera (NMS) and its application at the tumor bed with hybrid fibrin glue that initiates concurrent chemo-photo thermal attack on residual cancer cells and further activation of immune cells. The combination nanotherapeutic fibrin implant (iv-NMS) effectively decreased post-surgical tumor regrowth in comparison to Control groups (i-autologous implant, ii-combination of chemotherapeutic drug and photothermal agent loaded fibrin implant and iii-immunoadjuvant loaded fibrin implant), thus improving overall survival.

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    NKR/DK

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    MIL OSI Asia Pacific News –

    January 23, 2025
  • MIL-OSI USA: Pelosi Announces $30.5 Million for UCSF to Research Drug Side-effect Prevention

    Source: United States House of Representatives – Congresswoman Nancy Pelosi Representing the 12th District of California

    San Francisco – Today, Speaker Emerita Nancy Pelosi announced that the University of California San Francisco (UCSF) will receive up to $30.5 million in new federal funding for its research into preemptively identifying the side-effect targets a drug might have to design the drug to avoid them.  This funding comes from the new Advanced Research Projects Agency for Health (ARPA-H) initiative, which was developed by Congresswoman Anna Eshoo and established by March 2022 government funding legislation that then-Speaker Pelosi led in negotiating and enacting.

    “UCSF has long been a beacon of excellence in scientific research and medical treatment, especially its leadership on HIV/AIDS with Ward 86,” Speaker Emerita Nancy Pelosi said.  “With this new federal funding, UCSF will be able to support the cutting-edge research of San Francisco scientists into proactively preventing side-effects for FDA-approved drug therapies.  We are grateful for President Joe Biden’s leadership and Congresswoman Anna Eshoo’s authorship in championing the ARPA-H legislation which has offered so many families across America hope for a better future.”

    “The AVOID-OME project leverages high-throughput drug discovery and machine learning to flip the process of predicting adverse reactions on its head and markedly improve the time and cost involved in candidate drug discovery. This work will create a “public good” dataset and algorithm that the drug discovery community can leverage and grow to develop future drug candidates more efficiently and effectively,” said Harold Collard, Vice Chancellor for Research, UCSF.

    UCSF will soon be able to draw on a $30.5 million federal budget to support its “structurally enabling the ‘avoid-ome’ to accelerate drug discovery” project.  This initiative promises a more proactive and data-driven approach that will ultimately accelerate the delivery of new drug therapies to patients.

    Modeled on successful defense and energy research initiatives, ARPA-H supports break-through research efforts with the potential to improve health outcomes for those living with devastating medical conditions.

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Canada: Statement by the Prime Minister on Dr. Geoffrey E. Hinton being awarded the 2024 Nobel Prize in Physics

    Source: Government of Canada – Prime Minister

    The Prime Minister, Justin Trudeau, today issued the following statement on British-Canadian physicist Dr. Geoffrey E. Hinton being awarded the 2024 Nobel Prize in Physics:

    “I join Canadians and the international science community to congratulate Dr. Geoffrey E. Hinton on being named the 2024 Nobel Prize laureate in Physics.

    “World-renowned for his discoveries and inventions in artificial neural networks, Dr. Hinton is being recognized for his work alongside his American colleague Dr. John Hopfield. Their work is revolutionizing the way we understand, interact, and adapt to artificial intelligence (AI). With his Nobel Prize win, Dr. Hinton is now the seventh Canadian to receive this prestigious award.

     “Dr. Hinton is a stalwart in his field. Celebrated as one of the ‘Godfathers of AI’, he brings decades of leading expertise in AI research as a professor Emeritus at the University of Toronto’s Department of Computer Science, and the current Chief Scientific Advisor at the Vector Institute in Toronto – one of our three national AI institutes.

    “Dr. Hinton is also an outspoken advocate for the responsible development and adoption of AI, educating the world about the benefits and challenges this technology poses.

    “Canada is at the forefront of AI technology thanks to trailblazers like Dr. Hinton. His curiosity for discovery and contributions to innovation will inspire generations to come. On behalf of all Canadians, I congratulate him on his remarkable achievement.”

    MIL OSI Canada News –

    January 23, 2025
  • MIL-OSI United Kingdom: Game-changing tech to reach the public faster as dedicated new unit launched to curb red tape

    Source: United Kingdom – Executive Government & Departments

    Science Secretary launches new Regulatory Innovation Office today to speed up public access to new technologies.

    New Regulatory Innovation Office Bringing new technologies to the public, faster.

    • Regulatory Innovation Office to reduce the burden of red tape and speed up access to new technologies that improve our daily lives – from AI in healthcare to emergency delivery drones
    • Search begins for a Chair to lead the office, driving economic growth through regulatory reform that enables innovation
    • New Office delivers on a key manifesto commitment and is among steps to back business in buildup to UK hosting International Investment Summit

    New technologies, like AI for better treatments in our NHS and drones delivering emergency supplies to all corners of the UK, could reach the public faster through a dedicated new office that will reduce the burden of red tape on innovation and help kickstart economic growth.

    The new Regulatory Innovation Office (RIO) will reduce the burden for businesses hoping to bring new products and services to the market in some of the UK’s fastest-growing sectors through innovations like –AI training software for surgeons to deliver more accurate surgical treatments for patients and drones which can improve business efficiency and quickly send critical deliveries to remote parts of the country.

    To do so, it will support regulators to update regulation, speeding up approvals, and ensuring different regulatory bodies work together smoothly. It will work to continuously inform the government of regulatory barriers to innovation, set priorities for regulators which align with the government’s broader ambitions and support regulators to develop the capability they need to meet them and grow the economy.

    The announcement comes ahead of further plans to reduce the burden of red tape and support the government’s key mission of kickstarting growth across the country. The new Office will also help set the scene for when the UK hosts the International Investment Summit on Monday 14 October, where the Chancellor will make clear that the UK is “open for business” as the government resets relations with trading partners around the globe.

    The launch of the RIO comes hot on the heels of a raft of public and private investments announced on Sunday (6 October) aimed at transforming cancer treatments for patients while bringing a wave of cutting-edge UK-made MedTech products to the global market.

    The RIO’s mission will initially support the growth of four fast-growing areas of technology making a difference to people’s lives before backing further technologies and sectors as the Office evolves. These are: 

    • Engineering biology – this is the use of synthetic biology and biotechnology to create new products and services derived from organic sources. These technologies can improve health with new treatments like innovative vaccines, help create cleaner fuels and make food production more efficient and sustainable such as through pest resistant crops and cultivated meat. The new RIO will help regulators to bring those products to market safely and more quickly – realising the environmental and health benefits they can bring to our lives.
    • Space – the UK’s space industry is growing fast, supporting everything from GPS on phones to vital communication systems, as new innovations improve our weather forecasting to disaster response systems. To sustain this growth, regulatory reform is needed for greater agility and clarity help foster competition, encourage investment, and open up market access. 
    • Artificial Intelligence and digital in healthcare – with increasing pressures on the NHS, AI is set to revolutionise healthcare delivery so doctors can diagnose illnesses faster and improve patient care. It will help run hospitals more efficiently with medical staff able to spend less time on administration, cutting waiting times and it could enable more personalised medicines, tailoring treatment to individuals. RIO will support the healthcare sector to deploy AI innovations safely, improving NHS efficiency and patients’ health outcomes.
    • Connected and autonomous technology – autonomous vehicles like drones can deliver emergency supplies to remote areas quickly and efficiently and work to approve this technology could play a key part in supporting emergency services to keep people safe. Greater support could also enable more drones to be used by businesses across the UK, building on projects like the drone service used by Royal Mail to deliver to Orkney and improving efficiency.

    The cross-cutting nature of these emerging technologies, which do not fit neatly into existing regulatory frameworks can mean a slower process in getting them onto the market. The new Office will work closely with government departments including the Department for Transport, the Department for Health and Social Care, and the Department for Environment Food and Rural Affairs to address regulatory barriers in these initial growth areas.

    The new office will also bring regulators together and working to remove obstacles and outdated regulations to the benefit of businesses and the public, unlocking the power of innovation from these sectors to generate tens of billions of pounds for the UK economy in the coming years. 

    Science and Technology Secretary, Peter Kyle, said:

    The launch of the Regulatory Innovation Office, a key manifesto commitment, is a big step forward in bringing the UK’s most promising new technologies to the public faster and safely while kickstarting economic growth. 

    By speeding up approvals, providing regulatory certainty and reducing unnecessary delays, we’re curbing the burden of red tape so businesses and our public services can innovate and grow, which means more jobs, a stronger economy, and a better quality of life for people across the UK.  

    From breakthroughs that could help doctors diagnose illnesses earlier to satellite navigation for more accurate weather forecasting and getting emergency supplies to where they are needed, quickly and effectively, RIO will make sure UK companies are at the forefront of the next generation of technologies.

    The Science and Technology Secretary is also looking to appoint the RIO’s first Chair to lead the charge in backing business and safe innovation, and work with regulators and partners to shape a regulatory environment that is fit for the future. Applications are now being welcomed for an ambitious, visionary leader committed to driving that change.

    The organisation has been established within DSIT, where it will incorporate the existing functions of the Regulatory Horizons Council and the Regulators’ Pioneer Fund.

    Alongside the launch of the RIO, the government is already making progress in developing regulatory frameworks for emerging technologies, becoming the first country to outline how it will approach quantum regulation, offering certainty to the sector and encouraging the responsible development of the technology.  

    This is set out in our response to the Regulatory Horizon Council’s report on quantum technologies, also published today. It marks a crucial first step in regulating innovation in a technology that will increasingly underpin powerful computers, secure communications and advanced sensors, in sectors from healthcare to national security.   

    Alongside this package of announcements, today we are announcing:

    • A £1.6 million award to the Food Standards Agency (FSA) as part of round one of the Engineering Biology Sandbox Fund, which aims to test innovative regulatory approaches for products like cultivated meat. Cell-cultivated products are foods created through the isolation of cells from meat, seafood, fat, offal or eggs which are grown in a controlled environment. It could result in food production which is more environmentally friendly and sustainable, using just 1% of the land used for animal equivalents, while increasing food security. Programmes like this will help bring innovative food products to shop shelves safely but without unnecessary delay and at lower costs, giving consumers more choice.
    • The publication of new voluntary screening guidance for synthetic nucleic acid. These technologies allow companies to ‘print’ DNA and RNA, enabling academics and businesses to study and engineer biological systems that help sectors like healthcare and accelerate our path to net-zero. The guidance emphasises the government’s intent for a pro-innovation culture in the engineering biology ecosystem through providing well-defined guardrails for customers and producers of synthetic nucleic acid.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

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    Published 8 October 2024

    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI USA: PHOTOS AVAILABLE: Governor Cooper, FEMA Administrator Criswell Meet with Military Leaders in Western North Carolina

    Source: US State of North Carolina

    Headline: PHOTOS AVAILABLE: Governor Cooper, FEMA Administrator Criswell Meet with Military Leaders in Western North Carolina

    PHOTOS AVAILABLE: Governor Cooper, FEMA Administrator Criswell Meet with Military Leaders in Western North Carolina
    mseets
    Mon, 10/07/2024 – 18:23

    Today, Governor Roy Cooper and FEMA Administrator Deanne Criswell met with U.S. Northern Command Commander General Gregory Guillot and Dual Status Commander Brigadier General Wes Morrison in Western North Carolina. More than 2,500 Soldiers and Airmen are now working in Western North Carolina with approximately 500 more on their way.

    After the meeting, Governor Cooper traveled to Chimney Rock and Lake Lure to thank volunteers and assess damage from Hurricane Helene. While in Chimney Rock, Governor Cooper met with Mayor Peter O’Leary and walked through Main Street to survey damage of the area. The Governor also visited the fire department where he thanked first responders. In Lake Lure, Governor Cooper and Mayor Carol Pritchett stopped at the Lake Lure Inn before touring damage of the area.

    “Today, I visited with military personnel and traveled to Chimney Rock and Lake Lure to talk with people there and see firsthand the devastation caused by Hurricane Helene,” said Governor Cooper. “These communities are home to family-owned businesses and neighbors who are helping one another. We will continue to work with Western North Carolina to respond and recover from this catastrophic storm.”

    Photos from today’s visit can be found here.

    North Carolina National Guard and Military Response

    More than 2,500 Soldiers and Airmen are now working in Western North Carolina area with approximately 500 more on their way. Joint Task Force- North Carolina, the task force led by the North Carolina National Guard is made up of Soldiers and Airmen from 12 different states, two different XVIII Airborne Corps units from Ft. Liberty, a unit coming from Ft. Campbell’s 101st Airborne Division, and numerous civilian entities are working side-by-side to get the much-needed help to the citizens in western North Carolina.

    National Guard and military personnel are operating more than 40 helicopters and more than 1,100 specialized vehicles in Western North Carolina to facilitate these missions. The U.S. Army Corps of Engineers is helping to assess water and wastewater plants and dams. Residents can track the status of the public water supply in their area through a website launched on Saturday.

    FEMA Assistance

    More than $33 million in FEMA Individual Assistance funds have been paid so far to Western NC disaster survivors and more than 109,000 people have registered for Individual Assistance. Nearly 2,111 people are now housed in hotels through FEMA’s Transitional Sheltering Assistance. Federal partners have delivered more than 9.36 million liters of water and more than 7.06 million meals in North Carolina to support both responders and people living in the affected communities.

    More than 800 FEMA staff are in the state to help with the western North Carolina relief effort. In addition to search and rescue and providing commodities, they are meeting with disaster survivors in shelters and neighborhoods to provide rapid access to relief resources. They can be identified by their FEMA logo apparel and federal government identification.

    The Major Disaster Declaration requested by Governor Cooper and granted by President Biden now includes 27 North Carolina counties (Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mecklenburg, Mitchell, Polk, Rutherford, Swain, Transylvania, Watauga, Wilkes and Yancey) and the Eastern Band of Cherokee Indians.

    North Carolinians can apply for Individual Assistance by calling 1-800-621-3362 from 7am to 11pm daily or by visiting www.disasterassistance.gov, or by downloading the FEMA app. FEMA may be able to help with serious needs, displacement, temporary lodging, basic home repair costs, personal property loss or other disaster-caused needs.

    Help from Other States

    More than 1,300 responders from 35 state and local agencies have performed 107 missions supporting the response and recovery efforts through the Emergency Management Assistance Compact (EMAC). This includes public health nurses, emergency management teams supporting local governments, veterinarians, teams with search dogs and more.

    Beware of Misinformation

    North Carolina Emergency Management and local officials are cautioning the public about false Helene reports and misinformation being shared on social media. NCEM has launched a fact versus rumor response webpage to provide factual information in the wake of this storm. FEMA also has a rumor response webpage.

    Food, Water and Commodity Points of Distribution

    Efforts continue to provide food, water and basic necessities to residents in affected communities, using both ground resources and air drops from the NC National Guard. More than 20,000 hot meals a day are being prepared and served by mobile kitchens. Food, water and commodity points of distribution are open throughout western North Carolina. For information on these sites in your community, visit your local emergency management and local government social media and websites or visit ncdps.gov/Helene.

    Missing Persons

    To report a missing person or request non-emergency support, please call NC 211 or 1-888-892-1162 if calling from out-of-state. NC 211 also has a registry page for missing persons and welfare check requests.

    Shelters

    A total of 19 shelters are open in Western North Carolina and Saturday night served more than 780 people and 95 pets.

    Storm Damage Cleanup

    If your home has damages and you need assistance with clean up, please call Crisis Cleanup for access to volunteer organizations that can assist you at 844-965-1386.

    Power Outages

    Across Western North Carolina, approximately 139,000 customers remained without power, down from a peak of more than 1 million. Overall power outage numbers will fluctuate up and down as power crews temporarily take circuits or substations offline to make repairs and restore additional customers.

    Road Closures

    Travel remains dangerous, with approximately 650 roads closed. More than 100 of those roads are primary routes connecting the region. As connectivity and reporting measures improve, these number may increase.

    NCDOT is asking people to avoid unnecessary travel to or in Western North Carolina. NCDOT has posted at ncdot.gov an interstate detour map for travelers to avoid western N.C. NCDOT currently has more than 2,050 employees and 1,100 pieces of equipment working on more than 4,100 damaged road sites.

    Fatalities

    Seventy-seven storm-related deaths have been confirmed in North Carolina by the Office of Chief Medical Examiner. We expect that this number will continue to rise over the coming days. The North Carolina Office of the Chief Medical Examiner will continue to confirm numbers twice daily. If you have an emergency or believe that someone is in danger, please call 911. To report that you have been unable to reach a person in Western North Carolina, please call 211.

    Volunteers and Donations

    Due to dangerous road conditions and the need to maintain open routes for emergency operations, travel to Western North Carolina is strongly discouraged. Instead, consider the following options for donations and volunteer opportunities:

    • If you would like to donate to the North Carolina Disaster Relief Fund, visit nc.gov/donate. Donations will help to support local nonprofits working on the ground.
    • For information on volunteer opportunities, please visit nc.gov/volunteernc

    Additional Assistance

    There is no right or wrong way to feel in response to the trauma of a hurricane. If you have been impacted by the storm and need someone to talk to, call or text the Disaster Distress Helpline at 1-800-985-5990. Help is also available to anyone, anytime in English or Spanish through a call, text or chat to 988. Learn more at 988Lifeline.org.

    If you are seeking a representative from the North Carolina Joint Information Center, please email ncempio@ncdps.gov or call 919-825-2599.

    For general information, access to resources, or answers to frequently asked questions, please visit ncdps.gov/helene.

    If you are seeking information on resources for recovery help for a resident impacted from the storm, please email IArecovery@ncdps.gov.

    ###

    Oct 7, 2024

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Economics: Enabling a Better Understanding of the Mind-Body Connection Through Advanced Health Research

    Source: Samsung

    Mental health impacts nearly every aspect of our daily lives, from our physical health to our relationships with friends, family, and communities, as well as productivity at work and beyond. Despite the critical role mental health plays in overall well-being, most technology is centered around physical health. Samsung is committed to fostering innovative health solutions for both today and the future, which is we frequently collaborate with leading medical institutions and universities to leverage advanced technologies and explore new possibilities in health and wellness.
    In support of World Mental Health Day, Samsung is highlighting ongoing research programs with Massachusetts General Hospital, MIT Media Lab, Brigham & Women’s Hospital, and Tulane University School of Medicine, Heart and Vascular Institute. Samsung has collaborated with these institutions to create a range of studies that dive deep into the mind-body connection. By examining various health indicators, including depression, mood, recovery, and even cardiovascular diseases, Samsung and leading medical institutions seek to deliver more comprehensive and preventative health solutions for all.
    Enabling Depression Prevention & Detection with Massachusetts General Hospital

    Massachusetts General Hospital (MGH) continues to analyze the correlation between depression and various biomarkers by evaluating the health metrics of 150 participants — each with different levels of depression — using Galaxy Watch. The study aims to validate the correlations between depression and biometrics, such as participants’ patterns of biometric data, active time, sleep stage, and latency on both weekends and weekdays, to identify more detailed characteristics. The findings will be used to introduce a mental health index, allowing users to better understand their mental state and take proactive measures.

    Measuring Well-Being through Sleep with MIT Media Lab

    MIT Media Lab has expanded the understanding of sleep’s role in well-being by linking sleep patterns to overall health. Approximately 200 college students participated in the study, tracking their sleep over the course of a month and self-evaluating across five well-being indicators every morning, including alertness, happiness, energy, health, and calmness. The study found strong associations between sleep and well-being, particularly when considering not only sleep duration, but also sleep regularity. Moreover, utilizing an AI-based mixed-effect random forest (MERF) model, MIT Media Lab was able to predict the participants’ self- reported well-being based on their sleep patterns within a mean absolute error of 11- 15 points on a 100 point scaler, which closely matched their self-evaluation results. This outcome highlights the link between sleep and well-being, as well as the possibility of personalized well-being assessment and management through the analysis of sleep patterns.
    Helping Rapid Recovery with Brigham & Women’s Hospital

    Brigham & Women’s Hospital (BWH) is studying the relationship between biomarkers and an individual’s resilience, or how quickly one recovers from major stressors. As a holistic measure, resilience captures both the capacity of the body and the mind to withstand major events such as disease and surgery. As a first use case, they are monitoring patients before, during and after undergoing transcatheter aortic valve replacement (TAVR) surgery. Galaxy Watch tracks participants’ lifestyle patterns and health conditions in real time while the data is automatically collected and analyzed using the Samsung Health Research Stack, a system designed to increase the efficiency and accuracy of large-scale research. This study aims to uncover insights into recovery and ability to withstand stressors, not only to help inform from medical decisions, but also help individuals understand how they can be prepared in both mind and body for any challenges that may come.

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI USA: Cassidy, Warner Introduce Bill to Improve IRS Customer Service

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    WASHINGTON – U.S. Senators Bill Cassidy, M.D. (R-LA) and Mark Warner (D-VA) introduced legislation to improve customer service at the Internal Revenue Service (IRS). Specifically, the Improving IRS Customer Service Act would expand information regarding refunds available to taxpayers online. The bill would also require the IRS to inform taxpayers applying for installment agreements about available collection alternatives if they appear to have an economic hardship.
    “It should be easy for taxpayers to get the information they need from the IRS. Not every interaction with them has to be miserable,” said Dr. Cassidy. “We can streamline the process and give Americans the transparency they expect.”
    “The IRS has been the source of massive headaches for taxpayers for years,” said Senator Warner. “I am glad to introduce this legislation that will ease some of this frustration by increasing clear communication and making IRS resources more readily available.” 
    The Improving IRS Customer Service Act would:
    Establish a dashboard to inform taxpayers of backlogs and wait times;  
    Expand electronic access to information and refunds;
    Expand callback technology and online accounts; 
    Inform individuals facing economic hardship of collection alternatives. 
    “By introducing the Improving IRS Customer Service Act, Senator Warner and Senator Cassidy have earned the gratitude of every taxpayer who’s ever had to contend with the IRS’s notoriously inconsistent customer service,” said Pete Sepp, President, National Taxpayers Union. “The sensible reforms in this bill, which include a wait-time dashboard, better access to refund information, customer callback technologies, and fairer measurement of IRS service levels, will all make a big difference in solving some of the more frustrating problems that taxpayers have encountered for years. More complete information on tax collection alternatives for taxpayers facing financial hardships will likewise give hope for many struggling families. This legislation is exactly the kind of guidance Congress needs to provide the IRS for a successful transformation of our entire system of tax administration. National Taxpayers Union is proud to endorse this innovative legislation, and we urge every lawmaker to actively work toward its passage in the remaining days of this Congress.”
    “The AICPA strongly supports the legislative proposals outlined in S. 5280, which provide taxpayers and their tax advisors with clear and detailed information from the IRS in an intuitive and interactive format. Additionally, S. 5280 strives to protect the most economically vulnerable taxpayers by doing away with installment agreement fees and offering collection alternatives to those facing economic hardships. Collectively, these proposals will strengthen the public’s confidence in the tax administration system, and we thank Senators Warner and Cassidy for their leadership on this bipartisan bill,” said Melanie Lauridsen, Vice President of Tax Policy & Advocacy for the American Institute of CPAs.

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI USA: Cassidy Participates in Ribbon-Cutting Ceremony for Monroe Street Project in Ruston

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    MONROE – This afternoon, U.S. Senator Bill Cassidy, M.D. (R-LA) participated in the ribbon-cutting ceremony for the Monroe Street Corridor Project, which will improve roads and create more space for runners and cyclists in Ruston, including at Louisiana Tech University.
    “This street is an example of when Louisiana leaders serving in Washington connect with local leaders in Louisiana. I was pleased to combine my efforts with those locally to carry out a vision that makes Ruston and Louisiana better for our citizens,” said Dr. Cassidy. 
    Thanks in part to a $17.1 million RAISE Transportation Discretionary Grant, the Monroe Street Corridor Project has reached completion, and will yield over $3.47 in net public benefits compared to every single dollar invested. By revitalizing brownfield sites, embracing features like LED lighting and via other measures, Ruston is making the Monroe Street corridor safer for drivers, joggers, and cyclists, including at Louisiana Tech.
    The Infrastructure Investment and Jobs Act (IIJA) provides $7.5 billion for similar projects around the state. Just this year, over $10 million was distributed from the IIJA for projects in Lafourche, Plaquemines, and St. Tammany Parishes. Additionally, $900,000 was granted from the IIJA for the Ruston Regional Airport, and $7.5 million was secured in separate appropriations by Cassidy for utility upgrades in Ruston and for domestic semiconductor technology research at Louisiana Tech.
    Cassidy was hosted at the ribbon-cutting ceremony by Louisiana Tech President Jim Henderson and Ruston Mayor Ronny Walker, who praised his leadership and advocacy for the City of Ruston.
    “This project will make it easier for our neighbors, students and visitors to travel through Ruston, to get to work or class, or to enjoy our downtown,” said Mayor Walker. “And it will make it safer to drive, and add to the more than 30 miles of walking and biking trails in our great city. We appreciate Senator Cassidy’s support of this project, and his continued work to help us meet our infrastructure needs.”
    Earlier, Cassidy spoke to the Ruston-Lincoln Chamber of Commerce and with members of the Lincoln Parish Police Jury, to discuss many of the opportunities available for the parish in the IIJA and via separate appropriations. Money is still available in the IIJA for roads, water and sewage projects, and flood mitigation, and Cassidy will be hosting a series of rural community funding summits this month to expose local leaders to those opportunities.
    “Lincoln Parish and Louisiana Tech are examples for the rest of the state on how to build safe and livable cities and campuses. That is only possible thanks to our partnership with elected officials, business leaders and university officials dedicated to this community,” said Dr. Cassidy. 
    At the Chamber, he was introduced to the group by Mr. Thomas Graham, chair of the Ruston-Lincoln Chamber of Commerce Board of Directors, and was welcomed to the Lincoln Parish Police Jury office by Mr. Courtney Hall, the administrator for Lincoln Parish.
    “We always enjoy hosting Senator Cassidy and want to thank him for providing such an engaging update to our business community,” said Mr. Graham. “We are grateful to Senator Cassidy for his steadfast leadership in Washington, D.C., and for representing our interests in North Louisiana.”
    “We are grateful that Senator Cassidy and his staff have taken time out of their busy schedule to meet with the Lincoln Parish Police Jury to discuss Federal funding opportunities for local projects,” said Mr. Hall. “Lincoln Parish is experiencing unprecedented growth and getting these Federal tax dollars back and working at the local level is critical to ensuring that our transportation infrastructure keeps up with that rapid growth.”

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI NGOs: COP29: States must press Azerbaijani authorities to end assault on civil society

    Source: Amnesty International –

    In the leadup to next month’s COP29 climate summit in Baku, states must exert pressure on the Azerbaijani authorities to reverse their clampdown on civil society, release those detained solely for peacefully exercising their right to freedom of expression, and ensure participants including activists and journalists can engage freely and fully in the event, Amnesty International said today.

    Since Azerbaijan was announced as the host of COP29 last December, the authorities have intensified their crackdown on the rights to freedom of expression, association and peaceful assembly. Independent civil society organizations have been closed and critics locked up under politically motivated charges, or forced into exile, in a haunting echo of previous crackdowns documented by Amnesty International around other major international events hosted by Azerbaijan, including Eurovision 2012 and the 2015 European Games.

    “Azerbaijan is hosting an international conference on climate justice while actively undermining the main pillars of climate activism – repressing all forms of critical expression and protests and dismantling local civil society. The Azerbaijani authorities have locked up hundreds of people on politically motivated charges for daring to speak out. The list includes journalists, activists and human rights defenders critical of the government who remain in arbitrary detention, in violation of due process and with no guarantee of fair trials,” said Agnès Callamard, Amnesty International’s Secretary General.

    “The authorities are also subjecting dissenters’ relatives to reprisals, while passing repressive laws to inhibit the work of NGOs and the media. The Azerbaijani government’s attempt to hide its abysmal human rights record behind a global climate summit is blatant greenwashing.”

    Azerbaijan is hosting an international conference on climate justice while actively undermining the main pillars of climate activism – repressing all forms of critical expression and protests and dismantling local civil society.

    Agnès Callamard, Amnesty International’s Secretary General

    Azerbaijani human rights defenders estimate that approximately 300 people remain in detention on politically motivated charges. These include human rights defenders, journalists, and environmental, political and other activists prosecuted under fabricated and/or politically motivated charges in retaliation for their criticism of the authorities. For example, prominent human rights defender and climate advocate Anar Mammadli has been in pre-trial detention since 30 April 2024 on bogus charges of conspiracy to bring illegal foreign currency into the country.

    Economist and political activist Gubad Ibadoghlu was moved to house arrest on 22 April 2024 after 274 days in detention. Opposition figure Tofig Yagublu has been in pre-trail detention since 15 December 2023 on spurious fraud and forgery charges. Also among the detained are: Ulvi Hasanli, Ilhamiz Guliyev, Mahammad Kekelov, Sevinj Vagifgyzy, Elnara Gasimova, Nargiz Absalamova Hafiz Babali, Imran Aliyev, Shamo Eminov, Teymur Karimov, Arshad Ibrahimov, Ibrahim Humbatov, Alasgar Mammadli, Mushfig Jabbar, Akif Gubanov, Ruslan Izzatli, Ramil Babayev Ali Zeynalov, Afiaddin Mammadov and Bakhtiyar Hajiyev.

    MIL OSI NGO –

    January 23, 2025
  • MIL-OSI Economics: A Review of Digital Creative Industries in Asia: Opportunities and Policies to Foster Growth and Create High-Quality Jobs

    Source: Asia Development Bank

    A collaboration between ADB and Netflix, it focuses on movies, music, and gaming in India, Indonesia, Thailand, and Viet Nam. Assessing the potential of artificial intelligence, the private sector, and investment challenges, the report looks at ways countries can use incentives, supportive regulation, and better funding options to foster their creative industries and become attractive offshoring destinations.

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI China: China’s in-orbit satellite performs AI large-model tests

    Source: China State Council Information Office 2

    A Smart Dragon-3 carrier rocket carrying eight satellites blasts off from the waters near the city of Haiyang in east China’s Shandong Province, Sept. 24, 2024. [Photo/Xinhua]
    ADA Space, a Chinese AI satellite internet technology company, announced on Sunday that its recently-launched satellite has successfully completed the technical verification of AI large-model technology during the in-orbit operation.
    From Sept. 25 to Oct. 5, the satellite conducted 13 tests of its AI large model, involving multiple types of inference questions under various operating and temperature conditions.
    The technical test validated the space adaptability of the company’s AI large model in orbit, the reliability of the computing satellite platform, and the effective computing power of the high-performance payloads during operation in space, according to the company.
    In the next step, the satellite will conduct AI generation of 3D remote-sensing data in orbit. Its AI 3D-imaging capabilities can support a wide range of digital twin applications across various sectors, including low-altitude economies, cultural tourism and sports.
    The satellite was launched aboard a Smart Dragon-3 carrier rocket from the waters near the city of Haiyang in east China’s Shandong Province on Sept. 24.

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI Economics: TMG and Huawei join forces to offer AI Cloud Services for the first time in Egypt Oct 08, 2024

    Source: Huawei

    Headline: TMG and Huawei join forces to offer AI Cloud Services for the first time in Egypt
    Oct 08, 2024

    [Shenzhen, China, October 8, 2024] Huawei has partnered with Egypt’s Talaat Moustafa Group (TMG) to build and deploy cutting-edge AI-powered cloud technology for the first time in the Egyptian market.
    Under the agreement, signed in Shenzhen, China, TMG will leverage Huawei’s advanced cloud technologies in building and developing cloud data centers and AI technologies, providing a wide range of advantages in the Noor City project. This technology is an ideal option for smart city development as it will rely on scalable infrastructure, real-time data analytics, and seamless connectivity.
    TMG plans to offer comprehensive cloud services to the Egyptian market through “NOOR Cloud” and through the partnership will seek to meet the diverse needs of various urban communities with first-to-market cloud solutions.
    Mohamed Hisham Talaat Moustafa, Chief Recurring Income Officer at TMG, said: “We are thrilled to announce a strategic agreement with Huawei to develop a cutting-edge cloud aimed at providing essential services to the market. TMG will be leading the market by embracing cloud technology. TMG cloud-enabled applications will not only drive economic growth but also create new opportunities for innovation across industries, offering services to customers. By leveraging advanced technology, we aim to lead the market and empower businesses to thrive in a competitive landscape. Together, we will open doors to a future of limitless possibilities and drive transformative change.”
    Mohamed Salah, VP of Intelligent Cities – Recurring Income at TMG, added: “We are entering a transformative era in Egypt’s urban development. Our collaboration with Huawei is not merely about implementing technology; it’s about reimagining urban living to meet the needs of our communities. By integrating innovative and sustainable solutions, we are establishing new benchmarks for real estate development. Together, we are committed to creating smart cities that stimulate economic growth and foster resilient communities throughout the country.”
    Hank Chen, Vice President of Huawei Government Public Services Digitalization Business said, “Cloud technology is a game-changer for smart city development, offering unparalleled opportunities for cities to thrive in the digital era. By embracing Cloud, cities can fully unlock the potential of cloud technology to create a better future for urban living.”
    Commenting on the agreement, Felix Xu, CEO of Huawei Egypt Enterprise Business Group, said: “By expanding our partnership with TMG, we are committed to supporting their vision of a smart city that is not only technologically advanced but also sustainable, inclusive, and future-proof. Our comprehensive portfolio of cutting-edge products and technologies, including robust cloud services, next-generation networks, scalable storage solutions, and intelligent AI large models, positions us to support TMG in realizing their vision to transform cities into smarter, more connected environments, ensuring optimal performance and reliability of their infrastructure.”
    The new collaboration between Huawei and TMG builds on their longstanding partnership in developing cutting-edge smart cities and sustainable communities. By leveraging their combined expertise, TMG and Huawei aim to redefine the standards for urban development and digital innovation in Egypt.

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI Economics: TMG and Huawei join forces to offer AI Cloud Services for the first time in Egypt

    Source: Huawei

    Headline: TMG and Huawei join forces to offer AI Cloud Services for the first time in Egypt

    [Shenzhen, China, October 8, 2024] Huawei has partnered with Egypt’s Talaat Moustafa Group (TMG) to build and deploy cutting-edge AI-powered cloud technology for the first time in the Egyptian market.
    Under the agreement, signed in Shenzhen, China, TMG will leverage Huawei’s advanced cloud technologies in building and developing cloud data centers and AI technologies, providing a wide range of advantages in the Noor City project. This technology is an ideal option for smart city development as it will rely on scalable infrastructure, real-time data analytics, and seamless connectivity.
    TMG plans to offer comprehensive cloud services to the Egyptian market through “NOOR Cloud” and through the partnership will seek to meet the diverse needs of various urban communities with first-to-market cloud solutions.
    Mohamed Hisham Talaat Moustafa, Chief Recurring Income Officer at TMG, said: “We are thrilled to announce a strategic agreement with Huawei to develop a cutting-edge cloud aimed at providing essential services to the market. TMG will be leading the market by embracing cloud technology. TMG cloud-enabled applications will not only drive economic growth but also create new opportunities for innovation across industries, offering services to customers. By leveraging advanced technology, we aim to lead the market and empower businesses to thrive in a competitive landscape. Together, we will open doors to a future of limitless possibilities and drive transformative change.”
    Mohamed Salah, VP of Intelligent Cities – Recurring Income at TMG, added: “We are entering a transformative era in Egypt’s urban development. Our collaboration with Huawei is not merely about implementing technology; it’s about reimagining urban living to meet the needs of our communities. By integrating innovative and sustainable solutions, we are establishing new benchmarks for real estate development. Together, we are committed to creating smart cities that stimulate economic growth and foster resilient communities throughout the country.”
    Hank Chen, Vice President of Huawei Government Public Services Digitalization Business said, “Cloud technology is a game-changer for smart city development, offering unparalleled opportunities for cities to thrive in the digital era. By embracing Cloud, cities can fully unlock the potential of cloud technology to create a better future for urban living.”
    Commenting on the agreement, Felix Xu, CEO of Huawei Egypt Enterprise Business Group, said: “By expanding our partnership with TMG, we are committed to supporting their vision of a smart city that is not only technologically advanced but also sustainable, inclusive, and future-proof. Our comprehensive portfolio of cutting-edge products and technologies, including robust cloud services, next-generation networks, scalable storage solutions, and intelligent AI large models, positions us to support TMG in realizing their vision to transform cities into smarter, more connected environments, ensuring optimal performance and reliability of their infrastructure.”
    The new collaboration between Huawei and TMG builds on their longstanding partnership in developing cutting-edge smart cities and sustainable communities. By leveraging their combined expertise, TMG and Huawei aim to redefine the standards for urban development and digital innovation in Egypt.

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI China: China supports UN to be more active, effective

    Source: China State Council Information Office

    China is ready to work with all parties to support the United Nations to be more active and effective, and transform the political commitments of the Pact for the Future into concrete actions, said Fu Cong, China’s permanent representative to the United Nations, on Monday.

    In remarks at the UN General Assembly plenary meeting on the implementation of the outcomes of the major UN conferences and summits and the strengthening and reform of the UN system, Fu said the current international situation is undergoing a turbulent transition, while the lack of security order, uneven development, and ineffective governance have become increasingly prominent and the shadow of war lingers with heartbreaking humanitarian disasters.

    People of all countries call for a more equal, secure, prosperous and sustainable world, and they look to the United Nations to play a key role to that end, he said.

    “Whether we can unite and act effectively now will not only determine the safety and well-being of the present generation, but will also have a profound impact on the generations to come,” Fu pointed out.

    Through arduous efforts, the Summit of the Future, held at the UN headquarters in New York on Sept. 22-23, adopted the Pact for the Future, sending a clear political signal for strengthening unity and cooperation to improve global governance and pointing the direction of the efforts to meet global challenges, said the ambassador. “We must maintain the positive momentum of the Summit, promote the implementation of the outcomes with greater determination and courage, and work together for our common future.”

    Fu stated that accelerating the implementation of the 2030 Agenda for Sustainable Development is the purpose and mission of the Summit of the Future, and the Pact for the Future puts the development agenda at its center, reaffirms the principle of common but differentiated responsibilities across all areas of development, and clarifies the direction of the reform of international financial architecture.

    “We call on developed countries to use the implementation of the Pact as an opportunity to effectively shoulder their historical responsibilities such as development assistance and climate financing, take concrete actions, and provide financing support to truly help developing countries overcome practical difficulties,” he said.

    The Pact for the Future and the Global Digital Compact as its annex have sent a clear political signal on the governance of artificial intelligence, he said, underscoring the importance of upholding and maintaining the leading role of the United Nations in international governance of artificial intelligence.

    The ambassador noted that the international community, faced with geopolitical conflicts occurring one after another, expects more and better from the Security Council.

    “Reasonable reform of the Security Council is necessary,” said Fu, adding that “the key is to ensure the right direction, to truly enhance the representation and voice of the vast developing countries, including African countries, and allow more small- and medium-sized countries with independent foreign policies to participate in the decision-making of the Security Council.”

    “The Pact for the Future is not an end, but rather a starting point,” the envoy noted, adding that the more complex the situation and the more prominent the challenges, “the more we must uphold the authority of the United Nations and leverage its central role.”

    China is “ready to work with all parties to support the United Nations to be more active and effective, transform the political commitments of the Pact for the Future into concrete actions, jointly build a community with a shared future for mankind, and embrace a brighter future for all,” he said.

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI Economics: New ADB Country Director for Azerbaijan Assumes Office

    Source: Asia Development Bank

    BAKU, AZERBAIJAN (7 October 2024) — The Asian Development Bank (ADB) has appointed Sunniya Durrani-Jamal as its new Country Director for Azerbaijan. She joined the Azerbaijan Resident Mission today to officially commence her role.

    Ms. Durrani-Jamal will lead ADB’s operations in Azerbaijan and manage the bank’s relationships with the government and other stakeholders. She will oversee the preparation and implementation of the bank’s new country partnership strategy (CPS). The new CPS will build on ADB’s existing work in Azerbaijan, and its strategic focus areas will be aligned with the government’s development strategy and ADB’s Strategy 2030.

    “It is an honor to lead ADB’s efforts in Azerbaijan, a country of rich culture and significant economic potential,” said Ms. Durrani-Jamal. “My priority is to extend ADB’s enduring collaboration with the government, help diversify the economy and improve the quality of life for people in Azerbaijan. This includes expanding renewable energy, addressing climate change, and helping the Caucasus nation transition to a private-sector-led green economy.”

    Azerbaijan’s 10-year development strategy, Azerbaijan 2030: National Priorities for Socio-Economic Development, outlines the country’s ambitions to develop a sustainable and competitive economy, foster an inclusive society, improve human capital, transition to green growth, and improve infrastructure.

    As Asia and the Pacific’s climate bank, ADB is also supporting Azerbaijan’s Presidency of COP29, including via capacity building ahead of the landmark United Nations climate summit set to take place in Baku next month

    Ms. Durrani-Jamal has more than 25 years’ professional experience, including 16 years with ADB where she has held key senior roles. These include country director for Cambodia, senior advisor to ADB’s vice president for east Asia, southeast Asia, and the pacific; and senior economist.

    Ms. Durrani-Jamal holds a master’s degree in economics (human development) from the University of Sussex, United Kingdom, and a master of science in economics (monetary policy) from Quaid-i-Azam University, Pakistan. She succeeds outgoing Country Director Candice McDeigan who held this position from 2021.

    Since Azerbaijan joined the bank in 1999, ADB has committed more than $5 billion in sovereign and private sector assistance, including in transport, energy, health care, and agriculture.

    ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 69 members—49 from the region.

    MIL OSI Economics –

    January 23, 2025
  • MIL-Evening Report: Productivity is often mistaken for wages. What does it really mean? How does it work?

    Source: The Conversation (Au and NZ) – By David Peetz, Laurie Carmichael Distinguished Research Fellow at the Centre for Future Work, and Professor Emeritus, Griffith Business School, Griffith University

    Alexey_Rezvykh/Shutterstock

    Australia’s productivity growth has reverted to the same stagnant pattern as before the pandemic, according to the Productivity Commission’s latest quarterly report.

    Productivity is complex and often misunderstood in media and policy debates. So before we read too much into this latest data, here are six key things to understand about productivity.

    1. It’s about quantities, not costs

    Productivity “measures the rate at which output of goods and services are produced per unit of input”. So it’s about how many workers does it take to make how many widgets?

    Most Australian workplace managers don’t know how to measure productivity correctly.

    If someone says “higher wages mean lower productivity”, they don’t know what they’re talking about. Wages aren’t part of the productivity equation. People often cite “productivity” as a reason for a policy they like because they can’t say “we like higher profits”.

    In fact, high wages can encourage firms to introduce new technology that improves productivity. If labour becomes more expensive, it may be more profitable for firms to invest in labour-saving technology.

    But lower productivity isn’t always a bad thing. Sometimes higher selling prices can lower productivity. It seems odd, but works like this: if prices for commodities such as iron ore or coal are high, it becomes profitable for mining companies to dig through more rock to get to it.

    This takes more time. But it’s now worth extracting these small quantities, because they’re so valuable. For this reason, with high commodity prices, mining labour productivity fell by 13% between 2019-20 and 2022-23. Mining productivity had the largest negative impact on national productivity growth in 2022-23.

    2. Productivity is directed by management, not workers

    The biggest single factor that shapes productivity is technology. Who’s responsible for what technology a business introduces? Management. Workers often don’t have much of a say.

    OECD research suggests new technology such as artificial intelligence (AI) meets lower resistance from employees when they are consulted over its introduction. That’s because new technology makes their firms more competitive and they want to keep their jobs.

    Not surprisingly, there’s lots of research showing management that engages and consults workers gets greater output.

    Output will also be better with an educated and skilled workforce. If people can do more things with their brains, they’ll be more productive.

    3. Measuring productivity is dodgier the more complex it gets

    Measuring labour productivity – output per unit of labour input – is fairly straightforward if you’ve got a single output that is sold in a free market, and you’re looking at a single input (labour). It’s not hard to measure, or describe, the number of cars produced per worker in a week.

    It gets very tricky when you’re looking at multi-factor productivity (output per unit of, say, labour-and-capital input). Economists can’t even describe the denominator. (What even is a unit of “labour-and-capital”?) So they express what they measure as an index (giving it a value of 100 in some base year). All sorts of bold assumptions get made.

    Estimates are highly creative. In its report, the Productivity Commission looked at revisions to quarterly growth figures and found productivity estimates are “constantly being revised”.

    On almost a third of occasions, initial estimates are out by 0.5 percentage points or more. When your estimate is that productivity increased by 0.5% – the number for the year to this June quarter – the potential for error is huge.

    Even more creative assumptions are made when you try to measure productivity in the public sector, when the market is not the aim.

    Productivity is higher in classrooms when there are fewer teachers per student. At least, the bean-counters will tell you that, but the students will tell you the opposite.

    So you should be very wary when someone says the “productivity challenge is […] greater and more pressing in the non-market sector”, when the meaning is so contested.

    4. It is best measured over long periods

    Productivity growth is so erratic, that you can tell very little from one quarter’s figures. “Revise, revise, revise again”, as the PC report said.

    Often the best thing to do, as the Australian Bureau of Statistics recognised long ago is to average it over the whole of a “growth cycle”, that is, between one peak of growth and the next.

    Trouble is, growth cycles vary in length, and the end point is not easy to pick when it happens, only later.



    Growth averaged over a long period is a lot more meaningful than growth measured over a short period. At least the Productivity Commission showed five-year averages alongside it’s latest quarterly estimates. But chances are your start date will be at a different stage in the growth cycle to your end date, so it’s not that good a measure.

    5. Productivity is falling here and overseas

    In Australia, productivity growth has been on a long-term decline since the 1960s, with a brief, unsustained upturn in the mid 1990s.

    That pattern gives pause for thought: if big reforms to competition policy, industrial relations and wage fixing were aimed at improving productivity growth, why was that unsustainable, and why did it then continue to decline? It pays to remember that a lot of reforms people advocate in the name of productivity growth have quite different aims and effects anyway.

    Internationally, the picture is not much different.

    Productivity growth across industrialised countries has unevenly but gradually declined since the 1950s and 1960s. The world-wide adoption of what were often called neoliberal reforms from the 1980s failed to improve productivity growth.

    6. Productivity growth once drove living standards. Not any more

    In theory, higher labour productivity enables higher living standards. In practice, that is driven by the ability of workers to negotiate for higher wages.



    It depends on how you measure it and what years you focus on, but from at least the early 2010s, productivity growth was much faster than hourly compensation per employee.

    Again, it’s not just Australia. The OECD calls this the “decoupling” of wages and productivity.

    Just because something can increase potential earnings growth, it does not follow that it will.

    As a university employee and since then, David Peetz has undertaken research over many years with occasional financial support from governments from both sides of politics, employers and unions. He has been and is involved in several Australian Research Council-funded and approved projects, some of which included contributions from an employer body, a superannuation fund, and two unions. The projects do not concern the subject matter of this article.

    – ref. Productivity is often mistaken for wages. What does it really mean? How does it work? – https://theconversation.com/productivity-is-often-mistaken-for-wages-what-does-it-really-mean-how-does-it-work-240113

    MIL OSI Analysis – EveningReport.nz –

    January 23, 2025
  • MIL-OSI: Clean Energy Technologies, Inc. Collaborates with True North Computing to Deliver Advanced Microgrid Solutions for Cryptocurrency Mining Operations

    Source: GlobeNewswire (MIL-OSI)

    Irvine, CA., Oct. 08, 2024 (GLOBE NEWSWIRE) — Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean energy manufacturing and services company offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-size projects in North America, Europe, and Asia, has signed a memorandum of understanding with True North Computation, Inc. (TNC), a premier bitcoin mining company, to deliver advanced microgrid solutions for their datacenters and cryptocurrency mining operations.

    TNC is a well-established leader in the cryptocurrency mining sector, recognized for its focus on efficiency and environmental sustainability. This collaboration will empower TNC to optimize its energy consumption and improve the environmental impact of its mining operations by integrating CETY’s advanced microgrid solutions. CETY’s technology will reduce TNC’s energy costs through fully integrated power generation, energy storage, heat recovery, and energy management systems, delivering long-term savings in a 20MW microgrid application within the U.S. CETY and its affiliates will provide comprehensive engineering, procurement, and management services for this project.

    CETY’s solutions offer the following key benefits to crypto mining operations:

    • Reduce emissions from mining activities.
    • Increase uptime and ensure continuous, reliable operations.
    • Utilize an advanced energy management system to boost efficiency and lower operational costs.
    • Lower overall maintenance costs, contributing to long-term operational savings.

    “We are thrilled to partner with True North Computing to provide tailored microgrid solutions that meet the unique demands of crypto mining,” said Kam Mahdi, CEO of Clean Energy Technologies, Inc. “This partnership reflects our commitment to delivering innovative and environmentally friendly energy solutions that support the growth and productivity of high-energy-demand industries like cryptocurrency mining.”

    Microgrids are transforming the way energy is managed, particularly for high-demand operations such as AI datacenters and Bitcoin mining. These innovative systems provide localized power generation that can operate independently or alongside the main grid, ensuring uninterrupted power and increased operational resilience. With CETY’s advanced microgrid technologies, TNC will benefit from tailored solutions that not only enhance energy efficiency and reliability but also reduce operational costs and environmental impact.

    “We are excited to collaborate with Clean Energy Technologies, Inc. to enhance the energy efficiency and sustainability of our mining operations,” said Bruno Lauducer, CEO of TNC. “CETY’s expertise in microgrid solutions will enable us to achieve greater operational efficiency and reduce our environmental impact.”

    About True North Computation Group

    True North Computation Group (TNC) is a leading cryptocurrency mining company dedicated to achieving operational excellence and sustainability. TNC leverages cutting-edge technology and innovative strategies to maintain its position at the forefront of the bitcoin mining industry.

    For more information, visit https://www.tncgroup.ca

    About Clean Energy Technologies, Inc. (CETY)

    Headquartered in Irvine, California, Clean Energy Technologies, Inc. (CETY) is a rising leader in the zero-emission revolution by offering eco-friendly green energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. We deliver power from heat and biomass with zero emission and low cost. The Company’s principal products are Waste Heat Recovery Solutions using our patented Clean CycleTM generator to create electricity. Waste to Energy Solutions convert waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. Engineering, Consulting and Project Management Solutions provide expertise and experience in developing clean energy projects for municipal and industrial customers and Engineering, Procurement and Construction (EPC) companies.

    CETY’s common stock is currently traded on the Nasdaq Capital Market under the symbol “CETY.” For more information, visit http://www.cetyinc.com.

    For more information, visit http://www.cetyinc.com.

    Follow CETY on our social media channels: Twitter | LinkedIn | Facebook

    This summary should be read in conjunction with the Company’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2024 and other periodic filings made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, which contain, among other matters, risk factors and financial footnotes as well as a discussions of our business, operations and financial matters located on the website of the Securities and Exchange Commission at http://www.sec.gov.

    Safe Harbor Statement

    This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of CETY’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “plan,” “expect,” “estimate,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Any forward-looking statement made by the Company in this press release is based only on information currently available to us and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Clean Energy Technologies, Inc.

    Investor and Investment Media inquiries:

    949-273-4990

    ir@cetyinc.com

    Source: Clean Energy Technologies, Inc.

    The MIL Network –

    January 23, 2025
  • MIL-OSI USA: October 9, 2024 CDI Monthly Meeting: Statement of Interest Lightning Presentations

    Source: US Geological Survey

    Breadcrumb

    1. News

    September 11, 2024 CDI Monthly Meeting

    The October 9, 2024 CDI monthly virtual meeting will feature 90-second lightning presentations from the statements of interest submitted to the CDI Request for Proposals.

    Join us at our monthly meeting on October 9, 2024 from 11:00 am – 12:30 pm Eastern Time to hear lightning talks from our FY 2025 CDI Statement of Interest submitters!

     ID Project Title
    A Enabling Accurate Positioning: Critical Updates needed in GIS Protocols to Support Lunar and Planetary Science
    B Leveraging the National Water Model to Inform Binational Management of Invasive Carp in North America
    C Is it me or the data source? Providing real-time download reliability metrics to users
    D Incorporating landscape change into a climate-driven water model for California
    E Development of machine-learning models for delineating areas of high groundwater discharge potential
    F Scaling-up phenological date matching for invasive species mapping: a free opensource workflow
    G In-Person Git/Software Release Workshop for USGS and Python/R Data Retrieval Demo for Open Science
    H Develop a natural language processing web application to analyze large amounts of text
    I Big Carp, Bigger Data: Creating an API for the Riverine Acoustic Fish Telemetry (RAFT) Network
    J Increasing understanding of large river dynamics through an open-source bedform toolbox
    K Speedy Trends: An R package to rapidly estimate trends for big data
    L An application for automation and streamlining of workflow for modeling of time-series data
    M GeoDRAW (Geospatial Data Retrieval and Alignment Workflow) to advance data-visualization and earth systems model development
    N Data quality control for everyone: a course and recipes for well-documented data workflows in R
    O Automated evaluation of interpolation techniques available in ArcGIS Pro
    P Terrestrial Remote Sensing Data Ingestion with PyHAT (Python Hyperspectral Analysis Tool)
    Q Seeing Below the Surface: Geospatial Delivery of Hi-Res Aquatic Ecosystem Data from Autonomous Underwater Vehicles
    R Developing a web-based data repository and inference tool for sediment fingerprinting
    S An open-source workflow combining 3DEP and NAIP data to support meadow conservation and restoration 
    T Community Tools for Standardized Glacier Change Research
    U Bridging the learning gap in the R computing environment using Water-Quality Data
    V Understanding and streamlining environmental DNA QA/QC analysis
    W Advancing the Geophysical Survey (GS) data standard and GSPy toolbox
    X An Open-Source Workflow for Point Cloud based Geomorphic Change Detection and Sediment Budget Analysis
    Y Snakemake training: Building data pipelines in Python
    Z Standard North American Fish Sampling Data Webtool: Sharing, Improving and Maintaining 

    Find abstracts and more information, including how to join, on SharePoint or by joining the CDI mailing list.

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI: Bigbank AS Invites to Attend Webinars Introducing Public Subordinated Bond Offering

    Source: GlobeNewswire (MIL-OSI)

    Bigbank AS invites all interested parties to participate in a webinar introducing the issue of the public offering of Bigbank AS subordinated bonds in Estonia, Latvia, and Lithuania. The webinars will be organised on 9th October 2024 at 11:00 (EET) in Estonian and at 16:00 (EET) in English.

    In the webinar, Bigbank AS management board members Martin Länts and Argo Kiltsmann will present an overview of Bigbank AS group, including business results, future plans and the terms and conditions of the public subordinated bond issue. Those interested can ask questions during the webinar.

    To participate in the webinar held in Estonian (11:00, EET), please register at https://nasdaq.zoom.us/webinar/register/WN_OTpFudPRQoKQLWMiHytn8A.
    To participate in the webinar held in English (16:00, EET), please register at https://nasdaq.zoom.us/webinar/register/WN_vxUCOaIdQSqIjkzeUgaZfA.

    The webinar will be recorded and published on Bigbank AS investor website https://investor.bigbank.eu and on the Nasdaq Baltic YouTube channel.

    Argo Kiltsmann
    Member of the Management Board
    Tel: +372 53 930 833
    Email: Argo.Kiltsmann@bigbank.ee 
    http://www.bigbank.ee

    The MIL Network –

    January 23, 2025
  • MIL-OSI USA: Kugler, The Global Fight Against Inflation

    Source: US State of New York Federal Reserve

    Thank you, Isabel, and thank you for the opportunity to speak here at the ECB today.1 I am particularly pleased to be part of this year’s conference because the theme you have chosen has, for some time now, also been a theme of my career as an academic and public servant. Every day, of course, central bankers must bridge science and practice, drawing on the insights that research provides, specifically, because the economy and the world are continuously subject to new circumstances. We must do so, and put those insights into practice, because everyone in the United States, and in Europe, and around the world, depends on a healthy and growing economy, and depends on policymakers making the right decisions to help keep it that way.

    But well before I came to the Federal Reserve, I was also bridging science and practice. First, as a labor economist, when, for example, I was exploring how employment, productivity, and earnings are influenced not only by educational attainment and experience, but also by policies. Later, as chief economist at the Department of Labor, I brought science to bear in carrying out its mission of supporting workers. As the U.S. representative at the World Bank, economic science was likewise crucial in deciding how to best direct the institution’s resources to where they were needed the most. In each of these roles, I have learned a bit more about the need to balance rigorous scientific understanding of the problems that people face with the real-world experiences of those people, which sometimes do not fit so neatly into an economic theorem or principle.
    Most recently, my colleagues and I on the Federal Open Market Committee (FOMC) have been focused on the very practical task of reducing inflation while keeping employment at its maximum level. To understand the recent experience of high inflation in the United States, it is helpful to consider how inflation behaved around the world after the advent of the COVID-19 pandemic. In the remainder of my remarks, I will discuss the global dimensions of the recent bout of high inflation in different economies, both comparing similarities and contrasting differences, with a special emphasis on the factors that enabled the United States to achieve disinflation while having stronger economic activity relative to its peers. I will then conclude with some comments on the U.S. economic outlook and the implications for monetary policy.
    Starting with the similarities in our inflationary experiences, in early 2020, a worldwide pandemic disrupted the global economy and ultimately caused a surge of inflation around the world. Global goods production was hobbled, transportation and other aspects of supply chains became entangled, and there were significant labor shortages, all combining to cause a severe imbalance between supply and demand in much of the world. Sharp increases in commodity prices were exacerbated by Russia’s invasion of Ukraine. The result was a global escalation of inflation. As you can see by the black line on slide 2, a measure of world headline inflation in 26 economies accounting for 60 percent of global gross domestic product (GDP) rose to a degree that had not been experienced since the early 1980s.
    This worldwide increase of inflation was synchronized and widespread across advanced and emerging economies. To measure the synchronization and breadth of this inflationary period, Federal Reserve Board researchers have employed a dynamic factor model to estimate a common component of inflation across these 26 economies.2 As you can see by the blue line on slide 2, the estimated global component accounts for a large share of the variation of headline inflation among these economies after inflation began rising sharply in 2021. This evidence is consistent with the familiar story of widespread lockdowns, shutdowns of manufacturing plants in different parts of the world, disrupted logistic networks, increases in shipping costs, and longer delivery times. In the recovery, we also saw globally higher demand for commodities, intermediate inputs, and final goods and services, with demand exceeding a still-constrained supply.
    Indeed, one important contributor to the recent co-movement in inflation across the world has been food and energy prices. As you know, most of the time variations in inflation are heavily influenced by food and energy prices, which tend to be more volatile than the prices for other goods and services. Because many food and energy commodities are traded internationally, retail prices paid by consumers also tend to have some degree of global synchronization. Thus, as you would expect, the black line in the left chart on slide 3 shows that food and energy inflation faced by consumers around the world—here called noncore inflation—rose substantially in the recent inflationary episode. Moreover, world noncore inflation is largely accounted for by its global component in yellow, thus also showing a high degree of global synchronization.
    Another thing we can say about the recent worldwide escalation of inflation is how widely diffused it was across different price categories. Core inflation excludes food and energy prices, and it includes many categories more exposed to domestic conditions such as housing and medical services. Yet, as shown by the black and red lines in the right chart on slide 3, the recent rise in core inflation showed a high degree of global synchronization, with the global component accounting for a large share of the post-pandemic inflation. Looking back in history, this is the first time since the 1970s that we saw a rise in core inflation so widespread across such a large number of countries. Moreover, underlying this rise in core inflation in the United States and other advanced economies, research carried out by Federal Reserve Board economists shows that there was a widespread rise in prices across the whole range of categories within the core basket.3
    Academics and policymakers have debated about the possible reasons explaining the recent co-movement of inflation around the world. The COVID-19 pandemic was a global phenomenon and had effects on supply and demand that were similar in many countries. On the supply side, businesses closed, affecting goods production and the provision of services. There were labor shortages due to illness, social distancing, early retirements, and declines in immigration, with all of these factors making it harder to produce goods and services.4 Production disruptions and labor shortages propagated around the world due to long and intricate supply chains forged over several decades of growing globalization in trade. The imbalance between supply and demand widened as consumers switched their spending from services to goods, straining transportation capacity that further disrupted supply chains.5 This re-allocation of demand from services to goods also strained the ability of firms to produce, as they struggled to find qualified workers due to the needed re-allocation of workers across sectors.6 This demand was also likely fueled by the fiscal response to COVID-19 in 2020 and 2021. All of these factors drove up costs, and there were others. Russia’s war on Ukraine intensified the increases in energy and food commodity prices during the recovery from the pandemic. And the interaction of these different forces also likely played a role.7 For example, as Asia increased production to meet higher demand for goods in the U.S., this may have driven up wages and other input costs in Asia, increasing demand for imports from other places and, in turn, raising costs there, and so on. My assessment is that both supply and demand contributed to the recent global inflationary episode, including in the United States, with international trade of goods, including commodities, and services playing an important role in disseminating these forces around the world.
    One salient aspect of past inflationary episodes is the observation that core inflation typically falls more slowly than it increases. As we can see by the red lines on slide 4, world core inflation rose more quickly than it decreased in the three most recent episodes of significant inflation and disinflation—from a trough in 1972 to a new trough in 1978; from 1978 to a trough in 1986; and then the recent episode, from the end of 2020 through the first quarter of 2024. In these episodes, the escalation of four-quarter core inflation increased by an average of 7/10 percentage point per quarter to its peak, while it decreased by an average of only 3/10 percentage point per quarter to the trough.8
    Still, it is important that central bankers not only compare similarities across economies in the recent inflation fight, but also contrast the differences. Notably, another important feature of the last three inflation and disinflation periods is that though the share of core inflation explained by the common component increases when inflation rises, this share decreases when inflation falls, as can be seen by the black shaded areas of the three panels on slide 4. This suggests that while the reasons underlying the co-movement of inflation across the world—such as global supply disruptions and commodity price shocks—may have been important when prices were increasing, they have been less important when prices have decreased. This evidence indicates that factors that vary from economy to economy become more relevant in the disinflationary period.
    Economic researchers have raised several possible explanations for the different inflation trajectories experienced by different economies during this post-pandemic period. For example, some point to differences in the magnitudes of the demand and supply imbalances driven by the shutdown and reopening of each economy, with this imbalance possibly playing a larger role on inflation in the euro area relative to the United States.9 While noting that differences in the size of fiscal stimulus in different countries were likely important, the targeting of that stimulus also differed, in some cases with a greater emphasis on addressing supply disruptions.10 Global factors also affect various economies differently, with studies showing that the exposures to fluctuations in commodity prices are an important issue.11 For instance, Europe was heavily affected by natural gas shortages related to Russia’s war on Ukraine, while gas supplies in the United States were more plentiful during this period. Also, supply chains were untangled at different speeds in different parts of the world, with, for instance, low water levels in the Panama Canal and attacks in the Red Sea by Houthi rebels affecting different shipping routes differently around the world. And, last but not least, differences in labor market tightness very likely played a role, with evidence pointing to its importance in the United States in driving up nominal wage growth, a factor that likely helped keep employment and economic activity at healthy levels.12
    Researchers at the Board of Governors also find that differences in the pace of disinflation across countries have been largely driven by different trajectories of services price inflation.13 As shown on slide 5, they find that the dispersion of inflation across countries peaked in 2023 and has been declining since then for headline and core goods, but not so much for core services inflation, with housing developments helping to account for the differences in services inflation. Other cross-country research suggests that wage developments help explain services inflation dynamics.14 Indeed, services inflation from both the United States and the euro area have been elevated. Still, while U.S. housing services inflation has been running higher than the wage-driven nonhousing component, the reverse is true in the euro area.
    While the cross-country differences during the recent bout of high inflation have emerged more prominently during the disinflationary period, economic growth has been very heterogenous since the onset of the COVID-19 pandemic. Generally speaking, the U.S. has experienced a significantly stronger recovery than other advanced economies. As we can see in the left panel on slide 6, real GDP has grown substantially more in the United States since 2021. This is also the case with respect to the larger components of GDP, such as consumption and investment, shown in the right two panels.
    In explaining why the U.S. has managed to bring down inflation and experience strong economic activity, I believe that the combination of restrictive monetary policy together with convex supply curves can help explain these developments.15 In addition, there are three supply-related factors that have also made significant contributions to the combination of rapid disinflation together with continued and resilient growth.
    First, there are important factors that have affected total factor productivity differently across countries. For instance, the U.S. has seen greater business dynamism, as reflected in a higher rate of new business formation, shown in the left panel on slide 7. This is important because while most new firms fail, a small share of those that survive grow rapidly and make significant contributions to aggregate productivity.16 Moreover, the pandemic-era business creation surge has been particularly strong in high-tech sectors, such as computer systems design as well as research and development services.17 In fact, we have also seen greater growth in total factor productivity in the U.S. relative to other advanced economies, as shown in the right figure on slide 7. In addition, while the artificial intelligence (AI) technology is still in its nascency, U.S. businesses across different sectors of the economy are investing in and adopting AI. According to the Business Trends and Outlook Survey of the Census, more than 20 percent of companies in 15 sectors have adopted AI.18 It may be too early to tell, but additional productivity gains may be coming from tasks that are enhanced by AI through process improvements.19
    Second, we have seen a stronger rate of labor productivity growth in the United States as shown in the left panel on slide 8.20 The economic policy response to the pandemic in the U.S. was robust, but it was different from the response in many other advanced economies. In other economies, the emphasis was on maintaining employment, and specifically keeping workers employed in their existing firms when the pandemic arrived. This was the case, for example, in the euro area, and the middle panel indeed shows that the unemployment rate peaked several times higher in the United States. This approach minimized euro-area job losses, but it may have limited the flow of workers to more-productive sectors of the economy, which is supported by Federal Reserve Board research showing substantially more sectoral re-allocation of workers in the United States compared to the euro area, as seen in the right figure on slide 8.21
    Third, the U.S. labor supply has grown in the post-pandemic period. The labor force participation rate increased solidly, especially from the beginning of 2021 through the middle of 2023, and the U.S. population increased strongly because of high levels of immigration. While recent immigration flows into some European countries have been comparable in proportion to those into the U.S., as seen in the left figure on slide 9, new immigrants may have contributed relatively more to U.S. growth because they often integrate more quickly into the labor force, as seen in the right figure.22
    Finally, and turning our focus to monetary policy, this stronger economic performance, with falling inflation, has allowed the FOMC to be patient about the timing in reducing our policy rate. This performance gave us time to strongly focus on the inflation side of our mandate. And this, together with the bump in inflation early this year, helps explain why we began to ease monetary policy to less-restrictive levels only after other central banks of advanced economies had done so. But now, the combination of significant ongoing progress in reducing inflation and a cooling in the labor market means that the time has come to begin easing monetary policy, and I strongly supported the decision by the FOMC in our September meeting to cut the federal funds rate by 50 basis points.
    Looking ahead, while I believe the focus should remain on continuing to bring inflation to 2 percent, I support shifting attention to the maximum-employment side of the FOMC’s dual mandate as well. The labor market remains resilient, but I support a balanced approach to the FOMC’s dual mandate so we can continue making progress on inflation while avoiding an undesirable slowdown in employment growth and economic expansion. If progress on inflation continues as I expect, I will support additional cuts in the federal funds rate to move toward a more neutral policy stance over time.
    Still, my approach to any policy decision will continue to be data dependent and to rely on multiple and diverse sources of data to form my view of how the economy is evolving. For instance, I am closely monitoring the economic effects from Hurricane Helene and from geopolitical events in the Middle East, since these could affect the U.S. economic outlook. If downside risks to employment escalate, it may be appropriate to move policy more quickly to a neutral stance. Alternatively, if incoming data do not provide confidence that inflation is moving sustainably toward 2 percent, it may be appropriate to slow normalization in the policy rate.
    As I have described, the escalation of inflation unleashed by the pandemic was global in scope, and the fight to reduce inflation has also been global. Each of our economies faces its own unique mixture of challenges, but by comparing our similarities and contrasting our differences, I believe we can learn from each other’s experiences.
    In conclusion, let me thank those of you in this room who contribute to bridging science and practice. For those working on the policy side, thank you for the hard work you do each day to analyze the economic data that allows not only policymakers like me, but also consumers and businesses to gain a better understanding of ongoing developments in the global economy. On the academic side, thank you for your creativity and ingenuity in asking policy-relevant questions and pushing the boundaries of our understanding of an ever-changing economic landscape.

    1. The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee. Return to text
    2. See Danilo Cascaldi-Garcia, Luca Guerrieri, Matteo Iacoviello, and Michele Modugno (2024), “Lessons from the Co-Movement of Inflation around the World,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, June 28). Return to text
    3. I refer to updated estimates from the following works: Hie Joo Ahn and Matteo Luciani (2020), “Common and Idiosyncratic Inflation,” Finance and Economics Discussion Series 2020-024 (Washington: Board of Governors of the Federal Reserve System, March; revised August 2024); and Eli Nir, Flora Haberkorn, and Danilo Cascaldi-Garcia (2021), “International Measures of Common Inflation,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, November 5). Return to text
    4. See Danilo Cascaldi-Garcia, Musa Orak, and Zina Saijid (2023), “Drivers of Post-Pandemic Inflation in Selected Advanced Economies and Implications for the Outlook,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, January 13). Return to text
    5. See Gianluca Benigno, Julian di Giovanni, Jan J.J. Groen, and Adam I. Noble (2022), “The GSCPI: A New Barometer of Global Supply Chain Pressures,” Staff Reports 1017 (New York: Federal Reserve Bank of New York, May). Return to text
    6. See Francesco Ferrante, Sebastian Graves, and Matteo Iacoviello (2023), “The Inflationary Effects of Sectoral Reallocation,” Journal of Monetary Economics, vol. 140, supplement (November), pp. S64–S81. Return to text
    7. See Paul Ho, Pierre-Daniel Sarte, and Felipe Schwartzman (2022), “Multilateral Comovement in a New Keynesian World: A Little Trade Goes a Long Way (PDF),” Working Paper Series 22-10 (Richmond: Federal Reserve Bank of Richmond, November). Return to text
    8. For the 1972–78 period, we define the inflation ascent path as 1972:Q3 to 1974:Q4, while its descent path is 1975:Q1 to 1978:Q2. For the 1978–86 period, we define the inflation ascent path as 1978:Q3 to 1980:Q2, while its descent path is 1980:Q3 to 1986:Q2. For the 2020–24 period, we define the inflation ascent path as 2021:Q1 to 2022:Q4, while its descent path is 2023:Q1 to 2024:Q1 because it is the latest available data. Return to text
    9. See Domenico Giannone and Giorgio Primiceri (2024), “The Drivers of Post-Pandemic Inflation,” NBER Working Paper Series 32859 (Cambridge, Mass.: National Bureau of Economic Research, August). Return to text
    10. For the economic effects on the size of fiscal stimuli, see Oscar Jorda and Fernanda Nechio (2023), “Inflation and Wage Growth since the Pandemic,” European Economic Review, vol. 156, 104474. Return to text
    11. See Christiane Baumeister, Gert Peersman, and Ine Van Robays (2010), “The Economic Consequences of Oil Shocks: Differences across Countries and Time (PDF),” in Renee Fry, Callum Jones, and Christopher Kent, eds., Inflation in an Era of Relative Price Shocks (Sydney: Reserve Bank of Australia), pp. 91–128; and Andrea De Michelis, Thiago Ferreira, and Matteo Iacoviello (2020), “Oil Prices and Consumption across Countries and U.S. States,” International Journal of Central Banking, vol. 16 (March), pp. 3–43. Return to text
    12. For the effects of labor market tightness on price and wage inflation, see Olivier J. Blanchard and Ben S. Bernanke (2022), “What Caused the U.S. Pandemic-Era Inflation?” NBER Working Paper Series 31417 (Cambridge, Mass.: National Bureau of Economic Research, June); Olivier J. Blanchard and Ben S. Bernanke (2024), “An Analysis of Pandemic-Era Inflation in 11 Economies,” NBER Working Paper Series 32532 (Cambridge, Mass.: National Bureau of Economic Research, May). Return to text
    13. See Maria Aristizabal-Ramirez, Dylan Moore, and Eva Van Leemput (forthcoming), “What Goes Up Together Must Not Come Down Together: An Analysis of Services Disinflation,” Forthcoming as an International Finance Discussion Paper (Washington: Board of Governors of the Federal Reserve System). Return to text
    14. See Pongpitch Amatyakul, Deniz Igan, and Marco Jacopo Lombardi (2024), “Sectoral Price Dynamics in the Last Mile of Post-COVID-19 Disinflation,” BIS Quarterly Review, March, pp. 45–57. Return to text
    15. See Adriana D. Kugler (2024), “Disinflation without a Rise in Unemployment? What Is Different This Time Around,” speech delivered at the 2024 Stanford Institute for Economic Policy Research Economic Summit, Stanford University, Stanford, Calif., March 1. Return to text
    16. See Titan Alon, David Berger, Robert Dent, and Benjamin Pugsley (2018), “Older and Slower: The Startup Deficit’s Lasting Effects on Aggregate Productivity Growth,” Journal of Monetary Economics, vol. 93 (January), pp. 68–85; and Ryan Decker, John Haltiwanger, Ron Jarmin, and Javier Miranda (2014), “The Role of Entrepreneurship in U.S. Job Creation and Economic Dynamism,” Journal of Economic Perspectives, vol. 28 (Summer), pp. 3–24. Return to text
    17. See Ryan Decker and John Haltiwanger (2024), “High Tech Business Entry in the Pandemic Era,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, April 19). Return to text
    18. In data released September 23, 2024, the share of firms reporting the use of AI to perform tasks previously done by employees in producing goods or services was 27 percent. Return to text
    19. See Lisa D. Cook (2024), “Artificial Intelligence, Big Data, and the Path Ahead for Productivity,” speech delivered at “Technology-Enabled Disruption: Implications of AI, Big Data, and Remote Work,” a conference organized by the Federal Reserve Banks of Atlanta, Boston, and Richmond, Atlanta, October 1. Return to text
    20. See Francois de Soyres, Joaquin Garcia-Cabo Herrero, Nils Goernemann, Sharon Jeon, Grace Lofstrom, and Dylan Moore (2024), “Why Is the U.S. GDP Recovering Faster than Other Advanced Economies?” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, May 17). Return to text
    21. See Joaquin García-Cabo, Anna Lipińska, and Gaston Navarro (2023), “Sectoral Shocks, Reallocation, and Labor Market Policies,” European Economic Review, vol. 156 (July), 104494. Return to text
    22. See Courtney Brell, Christian Dustmann, and Ian Preston (2020), “The Labor Market Integration of Refugee Migrants in High-Income Countries,” Journal of Economic Perspectives, vol. 34 (Winter), pp. 94–121. Return to text

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI: Nasdaq Launches PureStream in Europe – A new tool for trajectory trading

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, Oct. 08, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today announced the planned launch of PureStream, a new volume-based trajectory trading solution giving clients access to EU shares on Nasdaq Europe*. PureStream is already available in the US and Canada and is expected to launch on Nasdaq Europe in Q1 2025, pending regulatory approval.

    PureStream on Nasdaq Europe is designed to offer clients a venue-operated service for trajectory trading with conditional indications of interests, favoring interactions between institutional investors with a common execution goal, while enabling access to latent algorithmic liquidity in line with each strategy’s volume goals.

    “PureStream and Nasdaq have a strong partnership,” said Armando Diaz, CEO of PureStream. “We are fully committed to advancing streaming globally, and we are very excited about Nasdaq’s introduction of PureStream in Europe which marks a significant milestone.”

    The solution significantly improves the process of price and liquidity discovery by using open-ended liquidity transfer rates. This allows institutional investors to minimize market impact and utilize conditional trade negotiation to automate their parent order execution by trading a percentage of the market’s future volume at the market’s volume-weighted-average-price (VWAP).

    “We are very excited to bring PureStream to Nasdaq Europe,” said Nikolaj Kosakewitsch, Senior Vice President and Head of European Equities & Derivatives at Nasdaq. “This launch underscores our commitment to offering world-class platforms that support the evolving needs of the global capital markets. PureStream on Nasdaq Europe will provide greater choice of trade execution mechanisms to our clients and help institutional investors navigate the European trading landscape.”

    PureStream on Nasdaq Europe is designed to offer a new tool to buy- and sell-side trading firms when executing long-term trajectory orders by pairing trading interests in open-ended streaming batches. This removes traders’ reliance on sourcing liquidity on a single point-in-time basis and drives better execution outcomes when working larger trading interest over time.

    Nasdaq remains dedicated to driving innovation and excellence in the financial industry. The introduction of PureStream services to Nasdaq European markets, marks a significant step towards achieving this goal, reinforcing Nasdaq’s position as a leader in technology solutions for the global economy.

    For more information about PureStream on Nasdaq Europe, please visit our website.

    * For the purposes of this release Nasdaq Europe refers to, either each individually or all together, markets operated by Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd and Nasdaq Stockholm AB

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at http://www.nasdaq.com.

    Media Contacts

    Nasdaq
    Helle Mayor
    Phone: +45 9132 4030
    Helle.mayor@nasdaq.com

    -NDAQG-

    The MIL Network –

    January 23, 2025
  • MIL-Evening Report: Politics with Michelle Grattan: Danielle Wood on the keys to growing Australia’s weak productivity

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    “Productivity” might sound a nerdy word to many, but improving it is vital for a more affluent life for Australians in coming years. At the moment it is languishing.

    Investigating ways in which our national productivity can be improved is at the heart of the work of the Productivity Commission, headed by Danielle Wood.

    Wood is an economist and former CEO of the Grattan Institute. Picked by Treasurer Jim Chalmers for the PC job, she has already acquired a reputation for being willing to express forthright views, even when they don’t suit the government. She joins us today to talk about the tasks ahead, the commission’s work and some of the current big issues.

    On Australia’s weak productivity numbers, Wood highlights what steps the government can and can’t take:

    There’s a lot in productivity that’s outside of government’s control. So we sometimes talk about it like it’s something that government does to the economy. There’s a lot around technology, the pace of change and diffusion of change that are critically important for productivity that’s largely outside of government’s hands.

    There’s no sort of single lever that you pull that makes all the difference. And, you know, if you looked at the Productivity Commission’s last big review of productivity released at the start of last year, you definitely get that sense.

    If I was to pick just a small number […] of what I think are critically important areas. Sensible, durable, long-term market-based approach to climate policy that’s going to allow us to make the huge transition, including the energy transition that we need in the lowest possible cost way. That’s hugely important for long-run productivity. Housing: fixing the housing challenge and that’s got to go to some pretty serious work being done on planning policy, which I think is really important.

    Then I would point to policies that support the rollout of new technologies. As I said before technological change is critical for productivity growth. So policies that build the right environment, particularly for big changes in technology like AI. So there you’re looking at the regulatory environment, your data policies, your IP policies. They all need to be working together.

    If I can sneak in one more, I would put the government’s announcement that it will revitalise national competition policy, and I think that’s a really exciting one. And if it’s done well, if they can actually get the states to come to the table and agree on areas where we can reduce regulatory and other barriers to competition across the country, that’s a really important lever for getting economic dynamism moving again.

    How has working from home has affected productivity?

    Look, it’s a very big change, and you don’t often get these kinds of really sharp structural shifts in behaviour and in labour markets, and we’re still learning about it.

    The research tends to suggest that hybrid work, so working at home sometimes and in the office sometimes, […] doesn’t seem to have negative productivity impacts If anything, slightly positive productivity benefits, and it has big benefits to individuals in terms of giving them flexibility, avoiding the commute and particularly for things like women’s workforce participation. I think it’s been really helpful and positively influential.

    On the other hand, fully remote work, which is rarer – there is some evidence if you’re not ever coming into the office, you miss out on some of the spill-over benefits of sharing ideas, the kind of water-cooler effects, training and development.

    I work from home one day a week, on Monday, and I do no meetings or calls on that day. And I do all my deep, deep work on Monday, and then the rest of the week I’m in the office and back to back.

    With housing policy front and centre and a debate about whether changes to negative gearing and the capital gains discount should be made, Wood hoses down how much difference that would make:

    It’s not a silver bullet on the house price front. There may be other reasons that you make those changes, particularly if you were doing a kind of broader base tax reform exercise. I would say that you’d want to have those on the table. But when it comes to housing challenges, there’s probably some bigger ones there. The ones […] around planning, around construction productivity, around workforce, are going to be more important in the long term to getting the housing challenge right.

    Wood was initially had concerns about the Future Made in Australia policy. Now she says she now is pleased with where the government has landed:

    Look, I’m certainly very pleased with the guardrails that the government have put in place. I think the publishing of the national interest framework, which puts a lot more economic rigour around the assessments of particular sectors looking for support, was a really important development.

    Certainly puts my mind at ease that there is a lot of rigour around who gets support. Because as you said there is always a risk with these types of policies that we end up wasting money for supporting industries that don’t have a good case for economic support from the taxpayer.

    — Transcript —

    Michelle Grattan: Danielle Wood is almost a year into her post as head of the Productivity Commission. A leading economist and formerly chief of the think tank the Grattan Institute, Wood has taken the Commission’s message out into the public arena. She’s been refreshingly forthright in her willingness to critique government policies, most notably the Future Made in Australia industry policy, for which legislation is due to pass Parliament soon. Languishing productivity is one of Australia’s major economic challenges. In this podcast, Danielle Wood joins us to discuss this and other issues.

    Danielle Wood in your relatively brief time as head of the Productivity Commission, you’ve been out and about and publicly vocal a good deal more, I think, than your predecessors, sometimes criticising government policies. Did you decide on this strategy when you accepted the job? And how important do you think it is for the head of key institutions like the Commission and indeed the Reserve Bank to be willing to use their voices even when that might make the Government squirm a bit?

    Danielle Wood: A very interesting question, Michelle. Look, I mean, I have been out and about a lot, and I certainly did make that a deliberate strategy. And that’s largely because I think organisations like the Productivity Commission have a really important role in informing and shaping debate and making the case for difficult policy reform. I think it’s true to say that any time I say something that might be seen as politically inconvenient for the government the media get excited. And there’s probably a lot more reporting on those comments than perhaps a lot of the other commentary I’ve been making. Making those sort of criticisms is definitely not something I do lightly. But I think there are circumstances where the PC has deep expertise and research in areas. And I think if the policy’s not as well designed as it could be that there can be a case for independent agencies like the PC to speak up. And in doing so I really hope that makes the debate stronger. I think it makes the policy responses stronger. And I think we’re fortunate to have a system with the degree of political maturity that allows that to happen. You know, there are actually not that many countries with an independent, broad ranging policy institution like the Productivity Commission. The fact that governments of various stripes have supported that role over several decades now – I think it makes it a really important and unique part of the policy landscape.

    Michelle Grattan: Now productivity in Australia is languishing. What are the reasons, do you think, for this? And what are the top performing countries when it comes to productivity and how are they performing better?

    Danielle Wood: This is a complicated one and I think it’s really important to differentiate, as I’ll do, Michelle, between what’s happened since COVID and the more business as usual world pre-COVID, because we’ve been on this crazy rollercoaster ride when it comes to productivity in the post-COVID period. It shot up very rapidly early on in COVID as we shut down parts of the economy because they were the lower productivity services sectors that mechanically made it go up. We then came down that hump as things reopened.

    On the other side of COVID we’ve also had a very strong labour market just because of the very fast increase in working hours we’ve seen as unemployment’s come down, as borders have reopened, as people are working more hours. Our capital stock hasn’t kept up and that’s kept productivity really subdued in the post-COVID period. So we’re running at only about half a percent in the year to June.

    In that period, most countries have been going through similar challenges. The US actually stands out as a very strong performer in this post-COVID period and we’re doing some work with the RBA at the moment looking at that and trying to understand that – it may be because of their COVID policies or because they’ve got a fairly substantial investment boom underway. It can be about differences in the labour market. But we’re looking at that question.

    The more substantive piece, given that a lot of that is about the macro environment, is really the question of what are we recovering to? You’ll recall that that decade sandwiched between COVID and the GFC leading up to 2020 saw really weak productivity growth. We were running about 1.1% a year on average – the lowest level in 60 years. That was not just an Australian phenomenon. At that point, if you looked around the industrialised world, we saw that same sluggish productivity growth basically everywhere.

    There’s a number of structural factors at play that we think contributed to that. One is the expansion of services sectors– they tend to be lower productivity. We’ve seen fewer gains from technological advancements – at least up to that point technology hadn’t played the same role in driving productivity improvements as it had in the past. A reduction in economic dynamism, so fewer new businesses being started, fewer people changing jobs. And just more generally lower levels of investment – it looked like businesses were scarred in a post-GFC world and were not investing in the way they had in the past. So there’s a lot of common factors across countries. The real question going forward is can we break free of some of those constraints and see productivity moving again?

    Michelle Grattan: So what would you say would be the three most productivity enhancing measures that Australia could take in the short term?

    Danielle Wood: You’re really going to try and pin my colours to the mast Michelle! So two things I think are really important to say at the outset of this conversation. First, there’s a lot in productivity that’s outside of government’s control. So we sometimes talk about it like it’s something that government does to the economy. There’s a lot around technology, the pace of change and diffusion of change that are critically important for productivity, largely outside of government’s hands.

    The other thing to say is it’s a game of inches. You actually need governments to move across a range of different policy fronts at once. There’s no single lever that you pull that makes all the difference. And if you look at the Productivity Commission’s last big review of productivity released at the start of last year, you definitely get that sense. There were 70 recommendations, five big areas for reform.

    But if I was to pick just a small number of critically important areas, and we will take some political constraints off the table here maybe for the purposes of this conversation… a sensible, durable, long-term market-based approach to climate policy that’s going to allow us to make the huge transition, including the energy transition that we need in the lowest possible cost way. That’s hugely important for long-run productivity.

    Housing. Fixing the housing challenge. And that’s got to go to some pretty serious work being done on planning policy, which I think is really important. But there are a lot of other barriers to housing supply around the regulatory environment and workforce. And that matters because if you can’t build houses where people live close to jobs, if people can’t get into housing, they have reduced capacity to start their own businesses and take risks in the economy. That is a big drag on productivity over time.

    Then I would point to policies that support the rollout of new technologies. As I said before, technological change is critical for productivity growth. So policies that build the right environment, particularly for big changes in technology like AI. There you’re looking at the regulatory environment, your data policies, your IP policies. They all need to be working together, of course we need to manage the risks associated with these new technologies, but we don’t want to be putting unnecessary impediments that would slow down technological change across the economy.

    So those are three big areas. Actually, if I can sneak in one more… the Government has announced that it will revitalise national competition policy, and I think that’s a really exciting one. And if it’s done well, if they can actually get the states to come to the table and agree on areas where we can reduce regulatory and other barriers to competition across the country, that’s a really important lever for getting economic dynamism moving again.

    Michelle Grattan: Just on housing, there’s been a lot of controversy lately, of course, around negative gearing and the discount. Do you think that it would be useful to change negative gearing arrangements and the capital gains discount? The Grattan Institute, where you came from, was a supporter of change. Do you agree with that?

    Danielle Wood: You know, it’s not something that the Productivity Commission has done work on so I can’t talk about it from a PC perspective.

    Michelle Grattan: But you are, beyond tax, you’re a tax expert.

    Danielle Wood: Yes, indeed. But look, what we said in that Grattan work, which I think is important, is it’s not a silver bullet on the house price front. There might be other reasons that you make those changes, particularly if you were doing a kind of broader base tax reform exercise I would see that you’d want to have those on the table. But when it comes to housing challenges, there’s probably some bigger ones there. You know, the ones I was talking about before around planning, around construction productivity, around workforce, that are going to be more important in the long term to getting the housing challenge right.

    Michelle Grattan: So you would say it is a second-order issue in terms of housing policy?

    Danielle Wood: In terms of housing affordability that’s right. But there may be other reasons that you would look at it if you were looking at the tax system more broadly.

    Michelle Grattan: Now, you mentioned services before, and they’re obviously an increasingly large part of our economy, and yet it’s hard to define productivity in this sector. For example, if you have a carer spending a longer time with a person in a nursing home, is that actually increasing productivity? Probably not, but it has other obvious benefits. So how do you deal with this non-market part of the economy?

    Danielle Wood: It’s an incredibly important question and it’s a very difficult one, and I think there are two parts to it. So the thing you’re picking up with your aged care example is essentially the challenge of trying to measure service quality. Across the national accounts when we work out productivity we try and adjust for quality, and I think the ABS does that really well in some areas like housing and technology, there are ways that they control for quality change over time, but that is very hard to do in services.

    The PC did some recent work where we looked at this question for health and we tried to control for improvements in health outcomes across a range of chronic diseases. And what we found is productivity is much higher than what would be measured using traditional techniques because we’ve seen these really big improvements in outcomes for treating chronic diseases that don’t get captured in the statistics. And that gets even harder, as you say, in areas like aged care. How do you measure the warmth of care or the quality of care? I think we just have to recognise that there will always be gaps in the statistics and they are not perfect when it comes to measuring quality of services.

    The other big challenge when it comes to services is that historically we haven’t seen the same productivity gains in services as we’ve seen in areas like manufacturing or agriculture. Going forward, I think we can look at new technologies like AI and see potential for gains in some areas of government-provided services like health and perhaps education. But there are going to be other sectors, particularly those care sectors, where it is irreducibly human. You know, I say labour is the product, that spending time with people is what you are providing. And that means it’s just going to be harder to get productivity gains in those sectors. So none of that is to say that we shouldn’t provide these services and continue to support them and expand them where there is a good economic or social policy case to do so. But we need to recognise that the productivity gains will not be there in those areas as they are in other parts of the economy.

    Michelle Grattan: Now you have a long-term interest in childcare and the Commission has just recommended a major expansion in government spending on early childhood education and care, but it does not envisage that this will in fact lift women’s participation in the workforce to any great degree. So is expanding childcare now mainly about educational equity rather than participation and productivity?

    Danielle Wood: Well, I think the first thing to say is that childcare has been transformative for women’s workforce participation. And even in the last few years, Michelle, as you would know, as it’s become more affordable, we have seen big gains in workforce participation. Women’s workforce participation is now at record levels.

    But it is true that you expect some of those gains to start to slow down as participation rises. And what we found in our report is not that there aren’t barriers to access and affordability that constrain women’s choices, but that childcare is a smaller part of that now. And things like the tax and transfer system, withdrawal of family tax benefits play a bigger role in the sort of workforce disincentives that we’ve been worried about for a long time. Critically, though, as you say, it’s the education benefits that really loom large here. And we found that kids that are going to get the most out of childcare in terms of their development and education are the ones that are accessing it least. So children from disadvantaged backgrounds tend to use care a lot less than other children. Helping those children get the benefits of care for development, for being school ready, is a critical social and economic opportunity.

    Michelle Grattan: The pandemic saw a big shift to many people working from home, and this has continued to a considerable degree. Workers want it and indeed, in some companies, are demanding it. What are the productivity implications of this shift?

    Danielle Wood: Yeah, look, it’s a very big change and you don’t often get these really sharp structural shifts in behaviour and in labour markets. And we’re still learning about it, you need to be modest about these things, but from the research and data we’ve seen to date, I’m much less concerned that it’s going to have a big negative impact as we might have been earlier on. And by that, I mean the research tends to suggest that hybrid work, so working at home sometimes and in the office sometimes, particularly well-managed hybrid work, doesn’t seem to have negative productivity impacts. If anything, it has slightly positive productivity benefits. And it has big benefits to individuals in terms of giving them flexibility, avoiding the commute. And particularly for things like women’s workforce participation I think it’s been really helpful and positively influential.

    On the other hand, fully remote work, which is rarer… there is some evidence, again, the data is mixed, but some studies suggest that it may negatively affect productivity. If you’re not ever coming into the office, you miss out on some of the spill-over benefits of sharing ideas, the kind of watercooler effects, training, development. So, if we were in a world where everyone was working fully remotely I think I would be more concerned. But I think broadly, when it comes to hybrid work, the best evidence we have suggests it’s unlikely to be a drag on productivity.

    Michelle Grattan: What about your own work? Do you work from home at all?

    Danielle Wood: I work from home one day a week on Monday, and I do no meetings or calls on that day. And I do all my deep work on Monday. Then the rest of the week I’m in the office and back-to-back.

    Michelle Grattan: Now, the government has made a number of important changes in the industrial relations area. It’s been a priority for it. How important are workplace arrangements to productivity and have the recent changes been positive or negative or mixed for our productivity challenge?

    Danielle Wood: Look, it’s definitely fair to say that workplace relations policies matter for productivity. This is not an area that the Commission has been asked to look into for some time. I think the last time we did a serious review into workplace relations was a decade or so ago, Michelle. And in that review, we really talked about the balancing act that exists – the need to balance the need for good standards in the workplace and protections for workers, against the benefits that come with flexibility and the advantages of that for business. And at that time, we had suggestions for improvements, but we found that the system was working relatively well. There have been a number of changes since then, including in recent years. But without reviewing those in any detail, it’s difficult for me to comment on the broader impact of those particular changes.

    Michelle Grattan: Treasurer Jim Chalmers indicated some time ago when he was talking about the reform of the PC that he wanted it to be active in the sphere of the energy transition. How have you responded to this?

    Danielle Wood: Something that I’ve done since taking on the role of Chair is to recognise the need to build expertise in some key policy areas that aren’t going away. So we’ve developed a number of research streams, energy and climate being one of those. We are really building up a team that will continue to work on those issues and put out research on those issues over time. We have a new Commissioner, Barry Sterland, who has deep expertise in climate policy, so that’s an important part of building that internal expertise. So you will see us putting out a whole series of pieces on energy and climate and I think we’re really well-placed to make a constructive contribution in that sphere. So watch this space.

    Michelle Grattan: Could you give us any detail of time or topic?

    Danielle Wood: I am not able to do that at the moment for various complicated reasons, but there will certainly be material coming out next year.

    Michelle Grattan: One thing that you made a media splash on was the Government’s Future Made in Australia program, its industry program aimed at supporting Australian industry in the transition to the green economy. You expressed some concern about it at the time. Are you now convinced that there are enough guardrails around this policy that it doesn’t become a waste of taxpayer money and that money won’t be going to rent seekers who don’t deserve or need it?

    Danielle Wood: Look, I’m certainly very pleased with the guardrails that the Government has put in place. I think the publishing of the National Interest Framework, which puts a lot more economic rigour around the assessments of particular sectors looking for support, was a really important development. We think that it’s really important that those sector assessments be done before the government offers support to new areas. And we’ve encouraged things like the sort of public release of those assessments, which I believe will occur. So, I think provided that process gets used, it certainly puts my mind at ease that there is a lot of rigour around who gets support. Because as you said, you know, there is always a risk with these types of policies that we end up wasting money supporting industries that don’t have a good case for economic support from the taxpayer.

    Michelle Grattan: So would the Commission be doing its own assessment of how this program is working after some time?

    Danielle Wood: We are putting in a submission to the Treasury consultation process on the frameworks that might underpin the national interest assessments and the legislation, if it passes, I think requires ongoing consultation with the Commissioners as Treasury does these assessments. So we will continue to play an active role in this process going forward.

    Michelle Grattan: Now, just finally, in a speech recently, you defended the role of economists in assessing government policies and programs. You were saying that they were able to tell, in your words, inconvenient truths, but you also had a go at your profession saying that many have been willfully blind to questions of distribution, arguing that it’s not their job to consider economic inequality. Can you just say what you’re getting at here and perhaps give some examples of this failing? And why do you think this blind spot is there?

    Danielle Wood: Well let me let me give the plug for economists, Michelle, before we talk about all our failures. As I was trying to say in that speech, economists bring something really important to the table in policy discussions, and that is, you know, rigorous frame frameworks for thinking about trade-offs. And that’s really important in the policy world because you’ve got a million good ideas out there, as you know, but you’ve got scarce resources. Scarce time, scarce money. You need to prioritise and you need to make trade-offs. So economists can and should play a really important role in policy for that reason.

    The blind spots I was talking about, as I said, there had been a sort of strain in the economics profession, I think, for a long time that basically said we’re focussed on questions of efficiency, we don’t do distribution. And I think that came from the fact that that was seen to involve value judgements that we don’t want to contend with. We’ve since learned a lot more about the way in which inequality can feed into growth, around the importance of issues like economic mobility. I think most economists would now understand that these are actually really important economic as well as social questions. In terms of where that played out – probably the place where it was most evident, and I think this is probably more squarely in the US and Australia, was around fallout to trade policy and trade liberalization. It was all about increasing the size of the pie, which it did very effectively. But it certainly never said that, you know, there wouldn’t be any losers from that. I think the learning was that you really have to care about the transition, that you have to work with the communities and workers that are affected if you’re doing a policy that’s broadly in the public good, but sees some people go backwards. I think we did that better in Australia than the US, but there are probably still some lessons to learn there.

    The other area I was pointing out where I think economists haven’t always covered themselves with glory, more in the Australian context, was around opening up human services markets to competition. I think there were a number of areas where we were too enamoured with the idea that competition and consumer choice would drive good outcomes, and we just didn’t give enough thought to questions of provider incentives, the regulatory frameworks we would need in place. I think employment services and vocational education and training are key examples of that, and probably some of the challenges we face with the NDIS at the moment as well. So I think they were areas where some economists were a bit naive and certainly I think the thinking and the profession has progressed a lot about how we could do better in those types of markets.

    Michelle Grattan: Danielle Wood, thank you so much for joining us today. We hope to hear continued bold words from you in the months and years ahead. That’s all for today’s Conversation Politics podcast. Thank you to my producer, Ben Roper. We’ll be back with another interview soon, but goodbye for now.

    Michelle Grattan 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. Politics with Michelle Grattan: Danielle Wood on the keys to growing Australia’s weak productivity – https://theconversation.com/politics-with-michelle-grattan-danielle-wood-on-the-keys-to-growing-australias-weak-productivity-240793

    MIL OSI Analysis – EveningReport.nz –

    January 23, 2025
  • MIL-OSI: Mavenir 5G Core Powers ice Norway Network Slicing for Norwegian Armed Forces

    Source: GlobeNewswire (MIL-OSI)

    • Commercial 5G Standalone
    • Enabling secure tailored end-to-end communications
    • Dedicated slices to meet specific needs of the Armed Forces
    • Extending strategic partnership with key customer

    OSLO, Norway, Oct. 08, 2024 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, is delivering the full 5G core network for ice, Norway’s third largest mobile operator to enable a network slicing service.

    ice is utilising its new 5G standalone (SA) network to provide a dedicated network slice for the Norwegian Armed Forces, designed to deliver the specific service levels required by military communications. Essentially an isolated network-within-a-network, the Armed Forces will have exclusive use and control over their slice nationwide. It will be able to establish secure end-to-end communications across the network.

    Mavenir’s 5G mobile core is designed ready for network operators to enable network slicing for providing disruptive services to B2B, B2C or public organisations. Dedicated network slices can be designed to meet specified needs and applications, and quickly and easily deployed and managed, and used to deliver new and innovative services and applications. Mavenir’s cloud-native 5G SA network is fully containerised, runs on any cloud service and designed with a microservices approach, giving the flexibility to address evolving customer needs in a scalable way.

    “This deployment of network slicing is realising the true value of 5G,” said Tore Kristoffersen, VP Service delivery platforms for ice. “We now have myriad possible new business cases to present to our enterprise customers, which can be tailored to precise service level agreements, ensuring the best and most cost-effective use of resources. We are also testing solutions for use in Public Safety services, highlighting the value of 5G and its network slicing capabilities for secure critical communications.”

    “The flexibility of network slicing powered by 5G is a game-changer for mobile operators,” said Ashok Khuntia, President of Core Networks, Mavenir. “We are enabling 5G use cases in practice, proving that the long-promised monetisation of 5G is a reality. With security, reliability and low latency, 5G is a massive opportunity for the industry. We are delighted to be extending our strategic partnership with ice by supporting this first deployment in Norway.”

    Last year ice selected Mavenir’s Cloud-Native IMS and Messaging/VAS in a strategic project expansion, having already selected Mavenir’s Converged Packet Core solution to power its 4G and 5G network.

    Notes to editor:

    ice official Press Release – ice turns on “pure 5G”

    Mavenir’s 5G Core

    About Mavenir:

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit http://www.mavenir.com

    Mavenir PR Contacts:  
    Emmanuela Spiteri
    PR@mavenir.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI Russia: “Challenges of digitalization and new university solutions”: the first forum of additional professional education will be held at the National Research University Higher School of Economics

    MILES AXLE Translation. Region: Russian Federation –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    1st Moscow Forum of Continuing Education “Challenges of Digitalization and New University Solutions” will take place on November 14–16, 2024, at the HSE Cultural Center on Pokrovsky Boulevard. This event will be the largest in Russia in the field of continuing professional education (CPE). Representatives of universities, the government, and businesses will discuss current trends, advanced teaching methods, and technological solutions offered in this area.

    The program includes more than 50 events on 10 thematic tracks. The forum will also include an exhibition of digital solutions in EdTech. The participants will focus on current issues of additional education for adults. Various aspects of the digitalization of additional professional education will be discussed here: current developments and educational solutions, cases of universities and EdTech companies, research results, modern development directions and approaches to organizing additional professional education, features of business education and the development of continuous education in creative industries, IT, medicine, agriculture, etc.

    Events are organized in a variety of formats: panel discussions, TED, round tables, sections of reports, case sessions, master classes, world cafe, open mic.

    HSE experts will present the digital ecosystem of HSE’s continuing professional education and various innovative educational solutions for continuing education of adults.

    There will also be plenary sessions and thematic tracks relevant to the field of additional professional education:

    “State policy and new solutions in additional professional education”;

    “Digital transformation of DPO”;

    “Quality of DPO”;

    “Product approach and marketing in additional professional education”;

    “AI and data analysis in continuous education”;

    “Modern business education: market needs and the role of business schools”;

    “Continued Professional Education for Healthcare: Traditions and Innovations”;

    “Continued Professional Education as a Digital Educational and Industrial Environment for Design Projects and Creative Startups”;

    “DPO for agrotech”;

    “Design and organization of additional professional education programs.”

    Workshops will be organized under the advanced training program “DPO: digitalization and new educational solutions” with a choice of one of the profiles – artificial intelligence, digital transformation, marketing and pedagogical design of additional professional education programs.

    An important part of the forum will be an exhibition of digital solutions for DPO from EdTech companies, universities and corporate universities. The exhibitors are leading companies and experts in the EdTech industry, who will demonstrate digital products and services for the sphere of DPO and continuous education: modern systems for managing the educational process and developing educational content, interactive services, neural networks, CRM and BI systems, marketplaces, etc.

    Participants will have an excellent opportunity to get acquainted with in-demand EdTech projects and establish business contacts.

    In addition to the business part, the forum offers a cultural program with excursions around the HSE and networking.

    Andrey Lavrov, senior director of the National Research University Higher School of Economics:

    — Today, the development of university DPO is becoming a strategically important task given the current state of the labor market and the demographic structure of our society. The shortage of qualified personnel, the speed of technological change, the widespread use of artificial intelligence technologies — all this poses enormous challenges for universities. The Higher School of Economics, as one of the national leaders in DPO, began to look for answers to these challenges, and one of them was the digitalization of our adult education system. In a short time, we were able to create a digital ecosystem for managing all processes in DPO and we are not stopping there, we continue to develop this system. This experience, combined with serious expertise in the field of organizing the educational process, allows us to create a platform for exchanging experiences, searching for technological and optimal solutions for organizing and implementing additional education programs in universities. This is the first such large-scale event for Russian DPO, and we are confident in its relevance and practical benefits.

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

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

    http://vvv.hse.ru/nevs/edu/970922927.html

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

    January 23, 2025
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