NewzIntel.com

Category: Pandemic

  • MIL-OSI USA: Seeing Is Believing: UConn’s Materials Library Helps Student Researchers Weigh Options

    Source: US State of Connecticut

    If there’s one thing Christopher Sancomb freely admits, it’s that he likes things like foamed aluminum, pieces of copper, chunks of iron, and sticks of ebony.

    “I’ve always been a materials person,” says Sancomb, an assistant professor of industrial design in the Department of Art and Art History. “It’s always been a big part of my work.”

    For 15 years before coming to UConn in 2019, Sancomb designed museum exhibitions for children, a job that required him to carefully consider each material he planned to use: Would it do what he wanted it to do? Is it environmentally friendly? How hard is it to obtain? Can it be ethically sourced?

    “That began my collection and fostered a deeper interest into all the things that go along with the stuff we use in the world,” he says.

    Industrial designers and engineers – really, anyone who builds something from scratch – must think about things like this when working on projects, he says, and until now UConn students studying for these professions had no place to learn about the infinite number of materials available in the world.

    Sancomb has changed that.

    Christopher Sancomb, assistant professor of industrial design at UConn, arranges some of the items in the Materials Library within the Fine Arts Complex on Monday, April 28, 2025. (Sydney Herdle/UConn Photo)

    UConn’s Materials Library, of which he is founder, has been a project five years in the making, stalled by the pandemic but now finishing its first year as a resource for students and faculty.

    In the rear of the Art Design Center – that’s Room 108 in the Art Building – the library houses a collection of raw, manufactured, and reclaimed materials from all over the world that go into the built environment around us, he explains.

    “We want to use this as a hands-on learning space, so you can see the thing, touch the thing, measure it, mark it, uncover where it comes from, learn more about it as a way to understand what we use in the world, what we put into the world as designers,” he says.

    It’s a place where people can feel the weight of a brick of mycelium, the gentleness of a tuft of alpaca wool, the grooves of a crocodile pattern on a piece of bioleather, and the sturdiness of recycled plastic turned into a 1.5-inch-thick felt-like board.

    It’s a place to refine ideas, develop new ones, and spark creativity.

    “Let’s say you came in and were thinking of using an existing plastic that had certain qualities – maybe it needs a high breaking strength and high UV sensitivity. Maybe it needs to be washed and sanitized. Traditional plastics from the petrochemical world might work, but the library would show you there are alternative biomaterials that are just as well-suited and they’re less toxic,” he says.

    Assessing Alternatives Through Hands-on Research

    Samantha Wilkins ’25 (ENG) freely admits that she loves everything about airplanes, from the ailerons to the yaw string. There’s just something about them, she says.

    As one of five interns at the Materials Library this academic year – each with their own research project in addition to helping Sancomb establish the library – she’s been thinking about sustainable aviation.

    What alternative textiles can be used as seat covers and cushions? What plant-based products can form the cabin’s airframe?

    “We have a bunch of different materials in here that I didn’t even know existed,” she says of the library.

    Take hemp, for example.

    “I was doing a lot of research and found an aircraft designer who made a completely sustainable, flyable aircraft out of hemp because it comes in all different forms. He made the entire fuselage structure out of it. This is just the textile version,” Wilkins, a multidisciplinary engineering major who’s concentrating in industrial design, says as she holds a fabric hemp sample in her hand.

    “I’ve been researching a lot about hemp, jute, flax, things like that and the different forms they can take,” she says. “It really intrigues me that you can have so many different forms from one single material and it can serve so many different uses. I love that.”

    Pamela Mackingue ’26 (SFA) says that after working as an intern this year, hemp also has become one of her new favorite things.

    A pile of wool sits on a table as Christopher Sancomb, assistant professor of industrial design at UConn, arranges some of the items in the Materials Library within the Fine Arts Complex on Monday, April 28, 2025. (Sydney Herdle/UConn Photo)

    The double major in digital media and design and art with a concentration in industrial design says she’s focused her research on the fashion industry and finding materials that are more sustainable than many other products used today.

    She’s growing her own leather – out of kombucha – fermenting black tea to create a biofilm that can be dried out to resemble the texture of animal leather, conditioned to restore some of its natural oils, and dyed any color in the rainbow. What she freely admits is that it’s not her own novel idea – it’s a process she came across while researching sustainable leather alternatives.

    “As a designer, you have to think about the product you’re using, why you’re using it, what’s the purpose of it, how does it help your design,” she says. “It’s important information to know and getting that hands-on experience in the Materials Library is equally important.”

    In addition to their research projects, Sancomb says the interns are helping him with the day-to-day work of the library – that is, cataloging each item and deciding what information is important for someone to know, then putting that information into a database, which eventually will go online.

    Nonetheless, Wilkins says, “You can look at a database or inventory, but you don’t really know what you’re looking for until you get in here. The hands-on element is super important. A database can help you grasp the basics, then you can come in here to narrow down the possibilities and interact with the material you settled on.”

    Personal Belongings, Donated Items, Purchased and Procured Objects

    Sancomb opens the lid of an old cardboard box labeled “Constantine’s Rare Collection of the World’s Fine Woods” and carefully lifts out rectangle samples of cabinet wood veneer. They’re about 50 years old, he says, and were a donation from a friend.

    Each of the 50 samples no doubt has a story, he says. Some of the wood might have been over forested and no longer is available. Some might have been the root of a humanitarian conflict. Some might be lost to forest fires and labor disputes.

    “I find it really interesting the stories that can be told just from this collection and what might be in here that’s just gone,” he says.

    With hundreds of items in the library, Sancomb says the collection includes some of his personal belongings like a chunk of marble with machined, cut, and polished faces brought back after a research trip to Italy, along with donated items like a bag of wool from UConn’s farm.

    Other items have been purchased or procured without a cost other than a written request. No hazardous materials are part of the collection, and nothing is of significant monetary value – important things, Sancomb says, to keep the library freely open for all.

    “My students are required at different times to think about the library and work with it, but we want students from other disciplines to know they can come here and access the materials,” he says.

    UConn Bound in April drew dozens of prospective students and their families, and a steady stream of people came through during an open house the month prior, everyone wanting to see the library, which surprisingly isn’t something all schools have.

    A variety of items sit in the Materials Library within the Fine Arts Complex on Monday, April 28, 2025. (Sydney Herdle/UConn Photo)

    The Rhode Island School of Design has a materials library, and so does the Harvard Graduate School of Design and the University of Texas at Austin, but not every school with an industrial design program boasts such a research space, Sancomb says.

    Over the next decade, he says he hopes UConn’s library can outgrow its current home and move into a larger, more permanent location, maybe joining with another library on campus to bring its catalog to the UConn community.

    Its hundreds of items could become thousands, with Connecticut industries and Connecticut products figuring prominently, he envisions. A larger budget would allow for more acquisitions, although donations likely will always be accepted.

    “We recently got a large donation of wood and veneer,” Sancomb says, “so we’re working to catalog that collection and make it available to students through an application process. This way, if someone got an IDEA grant and needed to build some furniture, for instance, they might come to us with a proposal, and we would help supply them.”

    Sancomb reaches across a table and hands off a small block of what looks like compressed soda can flip-tops.

    Imagine that someone dipped a straw into a vat of molten aluminum and blew bubbles, he says. This is the solidified result, light airy panels of foamed aluminum that are sturdy enough for some structural applications, like for insulation or exterior cladding.

    “They’re sound-dampening. They have a high fire retardancy because they’re made of metal, and they’re recyclable,” Sancomb says. “It’s a visually stunning material because you look at it and ask, ‘Is this what I think it is?’ And it is.”

    Donations of raw, manufactured, and reclaimed items can be made to the Materials Library by emailing Sancomb at christopher.sancomb@uconn.edu. Check out @uconnindustrialdesign on Instagram for its Material Monday campaign, featuring materials that might not be in the library but have interesting backstories.

    MIL OSI USA News –

  • MIL-OSI USA: Congratulations Class of 2025

    Source: US State of Connecticut

    Special Feature

    Commencement is more than a ceremony—it’s a defining moment.

    Read Our Stories

    When the members of the Class of 2025 first arrived at UConn in the fall of 2021, they were beginning their college careers at a time when the country and the world were still emerging from the COVID-19 pandemic, with nothing but uncertainty in the near-term forecast.

    Very quickly, it became clear that at least one thing was certain: the students of this class were determined to make their mark at UConn. Entering as the most diverse class in the history of the University, they soon established themselves as scholars, entrepreneurs, activists, and mentors.

    They experienced many milestones during their four years at UConn: a new University President; the opening of Science 1, Connecticut Hall, and the Toscano Family Ice Forum; the largest philanthropic gift in the University’s history; consecutive records for fundraising at HuskyTHON; and, in case you hadn’t heard, back-to-back national championships for the men’s basketball team and a 12th national championship for the women’s basketball team.

    This is a group of Huskies who refused to let adversity or uncertainty define their time at UConn, an attitude they’ll bring to whatever they pursue next – business, public service, art, professional sports, graduate education, families, military service, and more.

    So congratulations, Class of 2025 – from Avery Point; from Farmington; from Hartford; from Stamford; from Storrs; from Waterbury; and from all over Connecticut, the nation, and the world. When you look back, it won’t be on what you missed four years ago, but on everything you’ve gained in the four years since. Yesterday, today, tomorrow: Huskies Forever.

    Inspiring. Impactful. Unforgettable. For UConn’s Class of 2025, the last four years have been nothing short of exceptional. As this impressive class of soon-to-be brand-new Husky alumni prepares to take its next steps into the world, we look back and celebrate some of the moments that have made their time at UConn truly historic.

    [embedded content]

    I felt like I was a lot closer to the friends I made in college than in high school. I felt like I sort of like came into my own.
    – Lilian Vito ’25 (CAHNR, CLAS)

    Go to a basketball game! The energy is a lot different than anywhere else on campus, and you don’t get that sort of experience on any other college campus really. I met Paige Bueckers, I think it was the first week of class, on campus, and I wasn’t entirely familiar with UConn basketball at that point. I just didn’t watch sports really. But I met her, found out she was a really good player and then just from that point on, I’ve been keeping up with both the women’s and the men’s basketball teams.
    – Justin Coe ’25 (ENG)

    Don’t be afraid to try new things. UConn has so many opportunities, so many doors that can be opened for you. Don’t just try to stick in your lane. Try something new every week – every week, try a new club. Every week, meet someone new.
    – Jadon Gomez-Stafford ’25 (ENG)

    There are two different things that college life prepares you for. One’s obviously the professional life. But I think what college helps with more deeply is that interpersonal connection and also finding a sense of community, finding great friends, finding great people for you to interact with. And not all of them stick with you for the rest of your life, but the ones that do can really make your life a lot easier as go forward.
    – Harsh Shah ’25 (BUS, CLAS)

    Don’t be afraid to try things out and see what sticks. There’s a lot to this school.
    – Milo Barron ’25 (ENG)

    As the Class of 2025 embark on the next chapter of their lives, they share their thanks for the incredible memories, lifelong friends, professors, and staff that have inspired and helped them grow into the individuals they are today.

    [embedded content]

    Try as many things as possible. There are many opportunities at UConn, some that you have to look very hard to find and some that are just out there. In my experience just trying different opportunities that UConn provides helped me with my soft skills, like communication and dealing with uncertainties. They also provided me with a good opportunity to meet people, to network. And I think that’s a huge part of college.
    – Ammar Alsadadi ’25 (BUS, CLAS)

    Get involved in stuff early. I found out about a lot of the resources and programs that we have later on, that I wish I knew about earlier. So, try to get as much as you can out of the school while you’re here.
    – Sahana Chinthak ’25 (CLAS)

    I came from a really small town; my graduating class was 96 students. So, coming to a big campus and collaborating with other students and professors that’s been very eye opening, and it’s expanded my knowledge to a point where I can communicate better with people and I’m able to work better with people. I feel like I’ll carry those values and all the stuff I’ve learned into the real world.
    – Braden Gutierrez ’25 (CAHNR)

    I got to take a whole bunch of different classes because I’m in general studies. So, I got to take big classes, small classes, different types of majors. Creative writing is definitely my favorite.
    – Natalie Levy ’25 (BGS)

    My number one piece of advice to anyone is join a club. You need to be involved in the campus because there are so many opportunities where you can meet your next best friend or maybe your next partner. If you get involved in a club, something that you’re interested in, you’re going to meet these people that are also interested in this thing. You can really build your network that way.
    – Minh Vu ’25 (BUS)

    Congratulations and welcome to our newest UConn alumni!

    [embedded content]

    When you’re walking around campus you don’t recognize anyone, but then in your class – junior year, senior year – it’s like 10 to 15 kids, maybe 20 in your classes. So, it gets pretty small, and you get to know everyone there.
    – Matthew Henrickson ’25 (BUS, CLAS)

    I’m originally from India but I live in-state, so a lot of the people from my high school came to UConn and actually I was a little hesitant. I really wanted to go into business, and I didn’t really know what to do, but UConn provided me with a lot of real-world experiential learning opportunities where I could actually be in the real world and learn by doing rather than being in the classroom. I never expected to be able to do that as a student, gain all that experience.
    – Atharva Bhatnagar ’25 (CLAS)

    One thing I was looking for in a university – I wanted it to have a lot of school spirit. I didn’t realize what I was getting into coming here! It’s been really fun to be a part of this community.
    – Isabel Angelo ’25 (ENG)

    What will always make me think about UConn is my friends and the people that I’ve met here. Also, my parents both went here, so whenever I’m with them, it just kind of reminds me of my time here.
    – Paige Dolyak ’25 (CLAS)

    A lot of people move off campus too early, but being on campus and being constantly surrounded by thousands of people your age is the best thing that you could do. You can have such a fun, unique experience. I love it. I’m sad that I’m leaving.
    – Alexia Landry ’25 (CLAS)

    MIL OSI USA News –

  • MIL-OSI: BigCommerce Taps Technology Industry Veteran with Strong Record of Innovation as Chief Product Officer

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, May 05, 2025 (GLOBE NEWSWIRE) — BigCommerce (Nasdaq: BIGC), a leading provider of open, composable commerce solutions for B2C and B2B brands, retailers, manufacturers and distributors, today announced that Vipul Shah has joined the company as its new Chief Product Officer, bringing over two decades of experience building innovative products and business models at PayPal, Google, J.P. Morgan and Wells Fargo.

    At BigCommerce, Shah leads product management, product design and product strategy groups across all three of the company’s products – BigCommerce, Feedonomics and Makeswift.

    “Vipul brings an unmatched record of innovation across a range of industries. That experience will be crucial to helping us unite BigCommerce, Feedonomics, and Makeswift under one holistic product strategy,” said Travis Hess, CEO at BigCommerce. “Beyond that proven technical expertise, he is also a great culture fit for BigCommerce and shares our vision for the company moving forward.”

    Prior to BigCommerce, Shah was president and chief operating officer of venture capital-backed NEXT Trucking, where he helped digitize shipping container movement and modernize broken supply chain processes exposed during the pandemic.

    Passionate about technology and its potential to help people, Shah began his career designing aircraft engines and later worked with biotech and pharmaceutical companies to improve drug development processes. Influenced by the economic disparity he observed growing up in India, Greece and the United States, Shah then tackled the world of banking and fintech with the goal of driving financial inclusion and economic empowerment. Over 20 years at PayPal, Google, J.P. Morgan and Wells Fargo, Shah has built innovative products and business models to help consumers and businesses worldwide capitalize on the burgeoning digital economy.

    “My personal experiences have always shaped my professional work, and I’m excited to bring my perspective to BigCommerce and the broader ecommerce industry,” Shah said. “As AI ushers in a new era of ecommerce, BigCommerce, Feedonomics and Makeswift have a tremendous opportunity to deliver powerful innovation, engaging customer experiences and meaningful growth for our global community of merchants and partners.”

    Learn more about BigCommerce’s leadership team here: https://www.bigcommerce.com/company/leaders/

    About BigCommerce
    BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

    BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

    Media Contact:
    Brad Hem
    pr@bigcommerce.com

    The MIL Network –

  • MIL-OSI: As Federal Collections Activity Resumes, More Than One in Five Federal Student Loan Borrowers With a Payment Due are Seriously Delinquent

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 05, 2025 (GLOBE NEWSWIRE) — As the U.S. Department of Education begins resuming collections activities among defaulted borrowers, new research reveals that the number of consumers at risk for default has soared past pre-pandemic levels. These findings come from a new analysis conducted by TransUnion (NYSE: TRU) and featured at the company’s 2025 Financial Services Summit, attended by 300+ leading industry executives.

    The Department of Education (DOE) initially suspended federal student loan payments in March 2020. The agency called for payments to resume in September 2023, with servicers directed not to report them to credit bureaus until October 2024, with the requirement that borrowers only be reported to credit bureaus as delinquent when they reach 90 days or more past due on federal student loan accounts. Last month, the DOE announced it would resume collection activities effective today.

    The analysis found that 20.5% of federal student loan borrowers with a payment due are 90 days or more past due (90+ DPD) as reported by their servicer through February 2025. This compares to 11.5% in February 2020, near the beginning of the pandemic and the subsequent student loan pause. The current rate of delinquency represents the highest figure ever recorded.

    More Consumers are 90+ Days Past Due (90+ DPD) Than Just Prior to the Pandemic

      February 2020 February 2025
    Total 11.5% 20.5%

    Source: TransUnion U.S. Consumer Credit Database

    “Student loans and their payment reporting are complex. More than one in five federal student loan borrowers with a payment due have been reported as seriously delinquent, but this figure may in fact be much higher,” said Michele Raneri, vice president and head of research at TransUnion. “The complexity arises in part from the various reasons borrowers might not be making payments without being considered delinquent, such as being a current student or in deferment or forbearance. We are continuing to analyze data to determine how many non-payers are at risk of being reported as seriously delinquent or default.”

    Across risk tiers, subprime saw the highest percentage of payment-due student loan borrowers seriously delinquent in February 2025, with 51% at 90+ DPD, up from 39% in February 2020. Near prime followed at 23% in February 2025 (up from 9% in February 2020).

    More Than Half of Subprime Federal Student Loan Borrowers With a Payment Due Were 90+ DPD

      February 2020 February 2025
    Super prime 0.1% 0.9%
    Prime plus 0.1% 2.1%
    Prime 1.3% 7.5%
    Near prime 9.1% 23.3%
    Subprime 38.8% 50.8%

    Source: TransUnion U.S. Consumer Credit Database

    The analysis also found that those consumers who had faced default since the end of the on-ramp saw their credit scores decline by an average of 63 points. And while a lower percentage of super prime borrowers were seriously delinquent, those who did ultimately default saw the impact on their credit scores to be significantly greater than that of traditionally more risky credit tiers. This is largely due to the fact that borrowers in higher credit risk tiers typically have fewer derogatory marks, so an account in default has the potential to have a significant and jarring impact.

    Among those borrowers who experienced a default in the months of January and February 2025, 23% were in prime and above risk tiers in December 2024.

    Consumers in the Super Prime Credit Tier Were the Most Impacted by Student Loan Default

    Risk Tier Prior to Default Average Credit Score* Change
    Super prime -175 pts
    Prime plus -121 pts
    Prime -99 pts
    Near prime -64 pts
    Subprime -42 pts

    *VantageScore® 4.0

    “Consumers may find themselves shocked by the dramatic and immediate impact that a default can have on their credit scores. Likewise, lenders need to recognize the significant potential impact on otherwise low-risk borrowers,” said Joshua Trumbull, senior vice president and head of consumer lending at TransUnion. “That need to identify potentially impacted consumers and the associated risk is creating a surge in lenders incorporating student loan-specific insights into portfolio reviews and doing those reviews more often.”

    To gain additional insights into how student loans are impacting the wallets of their potential customers, lenders can leverage TruVision Premium Student Loan Attributes to see details about student loan types, balances, and payment histories to help identify impacted consumers. Consumers seeking more information about how student loans affect credit can read our consumer blog on the topic.

    About TransUnion (NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business

    Contact Dave Blumberg
      TransUnion
       
    E-mail  david.blumberg@transunion.com
       
    Telephone 312-972-6646

    The MIL Network –

  • MIL-OSI Global: A basic income support grant can address extreme poverty and inequality in South Africa – economic model shows how

    Source: The Conversation – Africa – By Carolyn Chisadza, Associate professor, University of Pretoria

    South Africa remains one of the most unequal countries in the world. The country’s per-capita expenditure Gini coefficient, a measure of how spending from income is distributed, stands at 0.65. This puts it among countries with the most unequal distribution of spending globally.

    Nearly 55% of the population were living in poverty in 2023. The country also has one of the highest unemployment rates in the world: 33.5% in the second quarter of 2024. To compound these issues, economic growth has stagnated since 2008.

    Ending extreme poverty, unemployment and inequality requires economic growth that includes more people. To get that result, there must be a set of interventions that work together. One intervention being considered in South Africa is basic income support to relieve poverty among unemployed citizens.

    Prior to the COVID-19 pandemic, basic income support had been on the policy agenda in South Africa for at least two decades, since the Taylor Committee in 2001. The pandemic made existing inequalities worse through job losses. A “social relief of distress” grant was introduced in 2020 to support the unemployed.

    The grant targeted those affected by sudden income loss, including unemployed working-age individuals who did not qualify for other grants. The introduction of the grant renewed interest in the concept of a universal basic income, or a more comprehensive form of income support. It highlighted the welfare potential for a more permanent basic income support system.

    Very few cases of universal basic income support pilots exist in developing countries. Where they do exist, studies point to the vital benefits a basic income grant system might provide. Examples include evidence from a pilot in Namibia, nine villages in India, and rural Kenya.

    In a recently published paper, a team of economists explored the possible effects of introducing permanent basic income support to:

    • all individuals aged between 18 and 59

    • only those who are unemployed

    • only unemployed individuals in extremely poor households, defined by the food poverty line.

    The economic modelling exercise demonstrates that a basic income grant targeting all individuals aged between 18 and 59 could significantly reduce poverty and inequality. These gains would, however, require carefully targeted and implemented interventions over a multi-year period.

    Our approach

    The study identifies which socio-economic groups would benefit the most from the grant, and sheds light on the impact of basic income support on the welfare and livelihoods of individuals and their households. We used market income or pre-transfer income as the starting point to see how public spending changed poverty or income inequality.

    We used data from the 2017 Quarterly Labour Force Survey, a measure of employment and unemployment based on the country’s working population. Using the three scenarios, we calculated the likely effects.

    The first scenario was based on the universal grant being paid to all those aged 18 to 59. In the second, only those aged 18-59 who were unemployed received it. Lastly, only those who lived in extremely poor households and were unemployed in 2017 were included.

    Some form of support exists for children under 18 (child grant) and for adults aged 60 and over (pension). That’s why we allocated the grant only for adults from 18 to 59.

    In all the scenarios, the income support transfer is assumed to be R595 (US$38) per individual per month in 2021, equivalent to what it cost to provide a basic basket of food (that is, the food poverty line). We use R595 as it closely aligns with the COVID social relief of distress grant extension and reflects the grant amount for the 2021/22 financial year.

    Main findings

    The main findings show that in general, a basic income support grant has the potential to reduce poverty and inequality in South Africa. However, the effect varies based on the targeting mechanism used to identify beneficiaries. Absolute poverty, its gap (the ratio by which the mean income of the poor falls below the poverty line) and income inequality fall the most when the transfer is universal or targets the unemployed and the extreme poor.

    In the first scenario (support for all individuals aged 18 to 59) and the third scenario (the unemployed and extremely poor), both poverty headcount (the percentage of the population living below the national poverty line) and the poverty gap (the ratio by which the mean income of the poor falls below the poverty line) decrease more than in the second scenario (targeting only the unemployed). The income inequality reduction is also larger in the first and third scenarios compared to the second scenario.

    Significance of findings

    The significance of these findings is that better targeting makes basic income support more pro-poor and progressive, and reduces the leakage of the benefit to the non-poor.

    In countries such as South Africa, where poverty and inequality are extensive and public resources are limited, the case for targeting is attractive. But it’s important to recognise that effective targeting entails higher administrative costs. Conversely, while a universal basic income grant may be more expensive in terms of total disbursement, it has the greatest potential to reduce poverty and overall inequality.

    The government can make the best use of its resources by focusing on vulnerable populations, such as those who are extremely poor and unemployed.

    Finding the right criteria to identify the poor, and running the grant properly, largely determines the programme’s success in improving welfare.

    Concluding remarks

    South Africa is currently saddled with high poverty and inequality. Our study brings the debate on the potential welfare benefits of expanding existing social grants back to the forefront of social policy.

    Eleni Abraham Yitbarek is affiliated with Partnership for Economic Policy (Research Fellow)

    Carolyn Chisadza, Kehinde Oluwaseun Omotoso, Margaret Chitiga-Mabugu, Nicky Nicholls, and Ramos Emmanuel Mabugu do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. A basic income support grant can address extreme poverty and inequality in South Africa – economic model shows how – https://theconversation.com/a-basic-income-support-grant-can-address-extreme-poverty-and-inequality-in-south-africa-economic-model-shows-how-247954

    MIL OSI – Global Reports –

  • MIL-OSI Video: The Arc of Progress in the 21st Century

    Source: World Economic Forum (video statements)

    Looking at global headlines today, it’s hard not to feel pessimism. Have recent wars, pandemics and autocracies made the idea of progress obsolete? Cognitive scientist Steven Pinker uses data and psychology to provide a fresh perspective on progress: why it is so hard to achieve and what ideas were responsible for progress in the past and will be needed for progress to continue?

    This is the full audio from a session at the World Economic Forum’s Annual Meeting 2025. Watch it here: https://www.weforum.org/meetings/world-economic-forum-annual-meeting-2025/sessions/the-arch-of-progress-in-the-21st-century/

    Catch up on all the action from the Annual Meeting 2025 at wef.ch/wef25 (http://wef.ch/wef25) and across social media using the hashtag #WEF25.

    Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) : 

    YouTube: (https://www.youtube.com/@wef/podcasts) – https://www.youtube.com/@wef/podcasts

    Radio Davos (https://www.weforum.org/podcasts/radio-davos) – subscribe (https://pod.link/1504682164) : https://pod.link/1504682164

    Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) – subscribe (https://pod.link/1534915560) : https://pod.link/1534915560

    Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) – subscribe (https://pod.link/1574956552) : https://pod.link/1574956552

    Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub

    https://www.youtube.com/watch?v=_V4rv4U-3d0

    MIL OSI Video –

  • MIL-OSI Europe: Written question – Addressing healthcare workforce shortages through innovation – E-001595/2025

    Source: European Parliament

    Question for written answer  E-001595/2025/rev.1
    to the Commission
    Rule 144
    Tomislav Sokol (PPE)

    Europe faces a critical shortage of healthcare professionals, with over 1.2 million doctors, nurses and midwives needed as of 2022. Without action, this gap could reach 4 million by 2030. Ageing populations, chronic diseases and COVID-19 have worsened the crisis, with a 62 % rise in health worker absences during the pandemic. Innovations such as telemedicine, AI-driven diagnostics and digital health platforms can help alleviate strain, improve efficiency and enhance patient care.

    • 1.Does the Commission recognise the role of healthcare innovations in addressing healthcare workforce shortages?
    • 2.What specific measures is the Commission implementing to promote the adoption of such health innovations across the Member States to alleviate the burden on healthcare workers and enhance patient safety?

    Submitted: 22.4.2025

    Last updated: 5 May 2025

    MIL OSI Europe News –

  • MIL-OSI Africa: A basic income support grant can address extreme poverty and inequality in South Africa – economic model shows how

    Source: The Conversation – Africa – By Carolyn Chisadza, Associate professor, University of Pretoria

    South Africa remains one of the most unequal countries in the world. The country’s per-capita expenditure Gini coefficient, a measure of how spending from income is distributed, stands at 0.65. This puts it among countries with the most unequal distribution of spending globally.

    Nearly 55% of the population were living in poverty in 2023. The country also has one of the highest unemployment rates in the world: 33.5% in the second quarter of 2024. To compound these issues, economic growth has stagnated since 2008.

    Ending extreme poverty, unemployment and inequality requires economic growth that includes more people. To get that result, there must be a set of interventions that work together. One intervention being considered in South Africa is basic income support to relieve poverty among unemployed citizens.

    Prior to the COVID-19 pandemic, basic income support had been on the policy agenda in South Africa for at least two decades, since the Taylor Committee in 2001. The pandemic made existing inequalities worse through job losses. A “social relief of distress” grant was introduced in 2020 to support the unemployed.

    The grant targeted those affected by sudden income loss, including unemployed working-age individuals who did not qualify for other grants. The introduction of the grant renewed interest in the concept of a universal basic income, or a more comprehensive form of income support. It highlighted the welfare potential for a more permanent basic income support system.

    Very few cases of universal basic income support pilots exist in developing countries. Where they do exist, studies point to the vital benefits a basic income grant system might provide. Examples include evidence from a pilot in Namibia, nine villages in India, and rural Kenya.

    In a recently published paper, a team of economists explored the possible effects of introducing permanent basic income support to:

    • all individuals aged between 18 and 59

    • only those who are unemployed

    • only unemployed individuals in extremely poor households, defined by the food poverty line.

    The economic modelling exercise demonstrates that a basic income grant targeting all individuals aged between 18 and 59 could significantly reduce poverty and inequality. These gains would, however, require carefully targeted and implemented interventions over a multi-year period.

    Our approach

    The study identifies which socio-economic groups would benefit the most from the grant, and sheds light on the impact of basic income support on the welfare and livelihoods of individuals and their households. We used market income or pre-transfer income as the starting point to see how public spending changed poverty or income inequality.

    We used data from the 2017 Quarterly Labour Force Survey, a measure of employment and unemployment based on the country’s working population. Using the three scenarios, we calculated the likely effects.

    The first scenario was based on the universal grant being paid to all those aged 18 to 59. In the second, only those aged 18-59 who were unemployed received it. Lastly, only those who lived in extremely poor households and were unemployed in 2017 were included.

    Some form of support exists for children under 18 (child grant) and for adults aged 60 and over (pension). That’s why we allocated the grant only for adults from 18 to 59.

    In all the scenarios, the income support transfer is assumed to be R595 (US$38) per individual per month in 2021, equivalent to what it cost to provide a basic basket of food (that is, the food poverty line). We use R595 as it closely aligns with the COVID social relief of distress grant extension and reflects the grant amount for the 2021/22 financial year.

    Main findings

    The main findings show that in general, a basic income support grant has the potential to reduce poverty and inequality in South Africa. However, the effect varies based on the targeting mechanism used to identify beneficiaries. Absolute poverty, its gap (the ratio by which the mean income of the poor falls below the poverty line) and income inequality fall the most when the transfer is universal or targets the unemployed and the extreme poor.

    In the first scenario (support for all individuals aged 18 to 59) and the third scenario (the unemployed and extremely poor), both poverty headcount (the percentage of the population living below the national poverty line) and the poverty gap (the ratio by which the mean income of the poor falls below the poverty line) decrease more than in the second scenario (targeting only the unemployed). The income inequality reduction is also larger in the first and third scenarios compared to the second scenario.

    Significance of findings

    The significance of these findings is that better targeting makes basic income support more pro-poor and progressive, and reduces the leakage of the benefit to the non-poor.

    In countries such as South Africa, where poverty and inequality are extensive and public resources are limited, the case for targeting is attractive. But it’s important to recognise that effective targeting entails higher administrative costs. Conversely, while a universal basic income grant may be more expensive in terms of total disbursement, it has the greatest potential to reduce poverty and overall inequality.

    The government can make the best use of its resources by focusing on vulnerable populations, such as those who are extremely poor and unemployed.

    Finding the right criteria to identify the poor, and running the grant properly, largely determines the programme’s success in improving welfare.

    Concluding remarks

    South Africa is currently saddled with high poverty and inequality. Our study brings the debate on the potential welfare benefits of expanding existing social grants back to the forefront of social policy.

    – A basic income support grant can address extreme poverty and inequality in South Africa – economic model shows how
    – https://theconversation.com/a-basic-income-support-grant-can-address-extreme-poverty-and-inequality-in-south-africa-economic-model-shows-how-247954

    MIL OSI Africa –

  • MIL-OSI China: Two-way tourism between China, Europe gathers pace over May holiday

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

    Tourists from Hungary show souvenirs bought at Tiantan (Temple of Heaven) Park in Beijing, capital of China, Dec. 5, 2024. [Photo/Xinhua]

    From European visitors walking through China’s historic neighborhoods to Chinese tourists sampling regional cuisine in southern Europe, two-way travel between China and Europe is steadily gaining momentum and evolving in form.

    As the May holiday season unfolds, tourism flows are picking up on both sides, supported by streamlined visa policies and enhanced travel connectivity, and shaped by growing interest in flexible, culturally rich experiences.

    Growing interest in China travel

    “We now have 12 tour groups travelling in China,” said Ewa Gajewska, a project manager with CT Poland, a Polish travel agency specializing in China tours for 25 years. To accommodate heightened demand during Poland’s peak travel period in May, the agency added extra departures beyond its original plans.

    “Almost every group this year has been full, with 26 tourists plus a tour leader,” she told Xinhua, adding that some returning clients are now opting to explore lesser-known but captivating destinations such as Yunnan and Guizhou.

    While Gajewska’s insights reflect the Polish market, similar trends have been observed elsewhere.

    Clients returning from other Asian destinations consistently found China’s tour offerings “more engaging and diverse,” said Alesya Plyavina, manager at Latvian Antario Travel Agency. “Potential tourists are already booking trips to China even for the end of the year.”

    According to Chinese travel platform Trip.com, inbound travel bookings from around the world rose by 173 percent year-on-year as of April 25.

    One major driver behind the renewed interest is China’s recent visa facilitation policies. Since late 2024, China has extended visa-free stays from 15 to 30 days for ordinary passport holders from 38 countries, including 32 European nations. Additionally, travelers from 54 countries, more than half of which are European, are now eligible for visa-free transit in China for up to 240 hours.

    “The extension of the visa-free entry to 30 days helps a lot in generating more demand and bookings,” said Vera Nebel, Asia product manager at German travel agency Ikarus Tours. “We experienced an increase in bookings for those tours of more than 15 days, because it’s a long journey from Germany to China, and it’s a big country.”

    In addition to the visa-free policy, convenient services and infrastructure such as digital payments, shared bikes and high-speed trains have also enhanced the experience for first-time visitors, said veteran Dutch tour guide Tom Lops, who has visited China over 30 times.

    “Think basically, and let yourself be surprised by all the new impressions you will have in this country,” he said.

    Exploring Europe in Chinese way

    As Europeans discover China as a diverse travel destination, Chinese tourists are exploring the continent with increasing depth and sophistication.

    Airbnb China’s latest May holiday report showed Chinese user searches for international destinations had more than doubled from last year, with many European countries ranking among the top 30 choices. Hiking, road trips and island tours are now preferred choices.

    Szymon Sikora, an English-language guide at Poland’s Wieliczka Salt Mine, a UNESCO World Heritage Site, frequently leads Chinese tourists on immersive “miner tours” — a hands-on experience where guests dress as miners and explore underground tunnels.

    “Sometimes I feel maybe I should learn Mandarin,” he told Xinhua, adding that more Chinese tourists are opting for immersive and adventurous experiences over traditional sightseeing.

    In Slovenia, Liao Shasha, general manager of Visdom Travel Agency, noted growing interest from Chinese tourists due to relaxed visa policies and better flight connectivity. Rather than large group tours, Chinese visitors now prefer smaller, flexible groups seeking personalized and upscale experiences, Liao said.

    These evolving preferences mirror not only new global tourism patterns but also broader developments in China. Decades of stable development and high-quality modernization have enlarged the middle-income group in China and led to rising demand for more sophisticated, customized travel experiences.

    “More Chinese tourists are willing to pay for a better life — fine hotels, great food, world-class performances,” said Dai Bin, president of the China Tourism Academy. “These ‘small but fine’ and deeply emotional travel experiences are bringing depth and warmth to global tourism.”

    Tourism brings cooperation opportunities

    As China-Europe travel gathers pace, European observers believe its influence goes beyond tourism — helping foster mutual understanding and encouraging broader cooperation.

    In Bosnia and Herzegovina, the visa-free agreement with China, in place since 2017, has significantly boosted tourism and people-to-people interactions. As the two countries mark the 30th anniversary of diplomatic relations this year, local tourism officials anticipate greater collaboration ahead.

    Haris Fazlagic, president of the Sarajevo Canton Tourist Board, said the visa policy is crucial to expanding tourism. “It gives us the motivation to improve services, expand offerings and reach more Chinese visitors.”

    Looking ahead, Sarajevo aims to launch direct flights, enhance infrastructure and develop experiences tailored to Chinese travelers, Fazlagic added.

    In neighboring Croatia, the number of Chinese tourists in 2024 approached the pre-pandemic record of around 300,000. Meanwhile, “China, with its cultural and historical sights, can be a truly top-notch lure for Croatians,” said Davorko Vidovic, former deputy speaker of the Croatian Parliament.

    He welcomed China’s visa-free policy, seeing it as an essential step toward stronger economic, cultural and political ties.

    “I hope that when the one-year trial ends, the visa-free policy will be extended as it can open up enormous opportunities for cooperation between the two sides,” Vidovic told Xinhua. 

    MIL OSI China News –

  • MIL-OSI Banking: Luis de Guindos: Interview with Die Presse

    Source: European Central Bank

    Interview with Luis de Guindos, Vice-President of the ECB, conducted by Jakob Zirm on 28 April 2025

    3 May 2025

    Die Presse: Since June 2024 the ECB has already cut interest rates seven times. How long will this period of interest rate cuts last?

    Luis de Guindos: This will depend on how inflation develops. But we can be optimistic because our latest forecasts show that, from the end of this year, inflation will be very close to our target of 2%. Moreover, inflation continues to fall thanks to three additional factors. First, the euro has appreciated. Second, energy and commodity prices are declining. And third, the current economic uncertainty about tariffs could lead to greater wage moderation than that already suggested by the latest survey results. All these elements contribute to bringing inflation further down. And this is the decisive factor in whether we continue to lower interest rates.

    Where would you place the neutral interest rate, i.e. the rate which neither stimulates nor restricts economic growth? Is this a target for the ECB?

    The discussion about the neutral rate is very interesting from an academic standpoint. However, it is not very helpful for monetary policy decision-making because the neutral rate cannot be directly observed. Our decisions are based on how inflation develops, our projections and how our monetary policy is transmitted to the real economy. And, as I said, we are optimistic that we will sustainably achieve our inflation target.

    The US Federal Reserve is lowering interest rates much more slowly than the ECB. Is the large interest rate differential between the United States and the euro area a problem?

    The situation in the United States and Europe is different. You should look not only at nominal interest rates, but also at real interest rates. In the United States, inflation and inflation expectations are higher than in Europe, due to a different economic outlook. So the interest rate differential is smaller in real terms. In addition, inflation is more persistent in the United States.

    We have policy space to pursue our own monetary policy, but of course we are monitoring what is happening in the United States.

    In 2022 the euro depreciated massively after the Federal Reserve hiked interest rates half a year sooner. Is there a similar risk again now?

    Not necessarily at the moment. Despite all the uncertainties and contrary to expectations, the euro appreciated after the tariff announcements. Exchange rate developments depend on many factors. We do not have any exchange rate objective, but we monitor the exchange rate closely because it is an important macroeconomic variable in our assessment of the risks for price stability.

    It is important to moderate exchange rate volatility.

    But if the trend reverses and the dollar becomes significantly stronger again, could this fuel inflation in the euro area again?

    We are closely monitoring exchange rate developments. But there are currently no signs of a weakening of the euro. Much will depend on how the current dispute over tariffs develops.

    The average inflation rate in the euro area is currently 2.2%. However, some eastern European countries still have inflation rates of 3% or 4%. Is inflation really under control everywhere in the euro area?

    Differences in inflation developments between countries are normal, it’s the average that is crucial. Our projections show that both headline and core inflation are on track to reach our 2% target. We are paying particular attention to monitoring services inflation, which is strongly influenced by wages. Here, too, we are seeing signs of a slowdown in wage dynamics.

    Let’s talk about growth. In March the ECB predicted GDP growth of 0.9% for the euro area in 2025. Is this still realistic given the tariff debate?

    You are right – this forecast was made before the announcement of US tariffs. Uncertainty we’ve seen since then has weighed on economic activity and is likely to delay investment and consumption. Uncertainty is always bad for the economy. We already pointed to such downside risks in our March projections. The risks are now materialising.

    In Austria, we are in recession for the third year in a row now. Could the entire euro area slide into a recession?

    No, our baseline continues to expect very low but positive growth. It’s well below potential growth, but I don’t think that the euro area is heading into a recession.

    US tariffs are currently suspended. How bad would the damage be if the trade war were to escalate?

    An all-out trade war would have a very serious impact on growth. I really hope it doesn’t come to that. It is also important to take the diversion effects that can occur in trade flows into account, making the consequences difficult to predict.

    US President Donald Trump recently launched a mass attack on the Federal Reserve and its Chair Jerome Powell. What are the consequences of such an attempt to exert political pressure on the work of central banks?

    The independence of central banks is crucial. It is key to their credibility and thus to combating inflation. Even when inflation was extremely high two years ago, inflation expectations in Europe remained anchored because the central bank was considered independent and credible. This credibility is essential to keep inflation expectations under control and, in particular, to avoid wage-price spirals.

    There has been a discussion on whether the euro’s role as a reserve currency could be strengthened if confidence in the US dollar declines. Do you see that as possible?

    The dollar is clearly leading as a reserve currency. The international importance of the euro is a lot less in comparison. Its future development depends on us, however. If Europe builds stronger capital markets and establishes itself as a true single market, the role of the euro at international level could be strengthened. Closer integration and a more pro-European approach are crucial.

    What would be needed to create a true European capital markets union?

    Three central pillars would be needed. First, we need a true single market – barriers and national legislation that impede further integration must be removed. Second, we need to complete the banking union. We already have single supervision and resolution, but we still lack a common deposit guarantee scheme. Third, we need to further develop the capital markets union itself. These three elements are interconnected – progress in one area is difficult without progress in the other two.

    Many support the capital markets union but little progress has been made. Who is blocking it?

    The problem is that without a true single market for goods and services, the capital markets union is also difficult to implement. The banking union is more advanced but there is still a lot to be done. Capital flows follow the real economy, which is why we need integrated goods and services markets.

    In this situation, does it help if national governments block cross-border bank mergers – as is currently the case in Germany, where UniCredit wishes to buy Commerzbank?

    I will not comment on any specific mergers. But in general, we support cross-border mergers because they are necessary to create truly European banks and complete the banking union.

    Is there too much nationalism in the European financial system?

    Sometimes there is too much national focus. But there is a growing awareness that Europe needs to become more independent. And the only way to remain relevant on the world stage is to be more European and a little less nationally focused.

    The European Commission is now also pushing ahead with the simplification of European regulation. This also applies to the financial market of course. Where should economic activity be made easier for businesses?

    The ECB has set up its own high-level task force, which I coordinate. It’s meant to draw up proposals by the end of the year, which will be passed on to the legislator. This may involve, for example, the implementation of Basel III or reporting, which could be streamlined, or the simplification of bank capital structure, to make it clearer and more understandable for investors. However, simplification does not mean de-regulation, it should not jeopardise banks’ solvency.

    When inflation was high, many euro area countries steeply increased their debt and the ECB bought many government bonds, which amounted to some 30% of the outstanding volume in the case of some countries. Is that a problem?

    Those measures were necessary in the context of the pandemic. But now we need to increase defence spending and preserve fiscal sustainability at the same time in order to avoid rising market interest rates and thus lower private investment. That won’t be easy.

    The Austrian central bank has reported annual losses of more than €2 billion in the past two years. This was due to the purchase of low-yield government bonds. Is that the hidden price of expansionary monetary policy?

    Our monetary policy is not determined by the profit and loss accounts of the central banks. Looking back, central banks have made significant gains over the past ten years. The current loss is a consequence of the high liquidity in the market, on which central banks have to pay higher interest rates. However, this liquidity is currently being reduced at a fast pace. The situation will improve in the future.

    Are the high debt levels of euro area countries jeopardising future growth?

    When markets have doubts about debt sustainability, market interest rates rise, which can reduce private investment. That is why a credible and sustainable fiscal policy is crucial.

    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: Text of the Vice-President’s address at the inauguration ceremony of BRONCOCON 2025 in New Delhi (Exceprts)

    Source: Government of India

    Posted On: 04 MAY 2025 5:16PM by PIB Delhi

    Good evening, all of you.

    Distinguished audience, this conference, BRONCOCON 2025, has come not a day too soon because it addresses issues that are writing on the wall. Issues of huge contemporaneous relevance. It gives me immense pleasure. I take it as an absolute honour to inaugurate the 27th Annual Conference of the Indian Association for Bronchology. The Institute is known for its hallmark excellence in respiratory medicine and innovation.

    I’m sure the deliberations will be extremely fruitful. There will be ideation, exchange of ideas and interaction amongst people who are dealing with this menace to humanity that is ballooning by the day. BRONCOCON, according to me, is bound to be a crucible of ideas, redefining the future of pulmonary care in India and beyond, and this is gaining urgency, this is gaining paramountcy, this is gaining absolute attention. 

    With over hundreds of brilliant minds dedicated to respiratory care, I’m reminded that each breath, that fundamental act of living that defines that we are living, is what your profession protects. You are protecting our lives. Your theme, very well thought out. Beyond the scope, evolving frontiers in pulmonary procedures. This demonstrates remarkable foresight because the issues are known to one and all.

    Everyone is concerned and we live in a city where this dominates our mindset for months together. We know the evil consequences of this issue not being addressed. It is cancerous for society. Much beyond COVID, if we analyse the loss for our children, for our elderly citizens and for our youth, apart from those far before me.

    The future of pulmonary care lies at the intersections of medicine, technology, environmental science, public policy and community engagement. All are vital to address this problem. Gone are the days when either education or solutions could be by stand-alone institutions. There has to be concerted effort. There has to be convergence of all stakeholders. They have to be on the same page to find resolution of a problem which is diagnosed by everyone in a city like Delhi and beyond.  Pulmonologists and bronchologists have been silent sentinels of public health, moving to the frontline during, and who knows better than me, as Governor of the State of West Bengal. COVID-19, what a challenge it was.

    I salute your tireless efforts across clinics, ICUs, labs, classrooms and policy-making arenas. When the challenge was so huge, humanity in a non-discriminatory fashion came to face this menace, home to one-sixth of humanity in the land of Atharva Ved, showed the way. We could easily find light at the end of a tunnel and also show light to about hundred other countries that are ever beholden to us. Indian pulmonology has transformed through growing clinical expertise, public awareness and technological adoption.

    India, distinguished audience is a land which is witnessing at the moment accessibility to technology, adaptability to technology and technology delivering for the people at large, but in this field also much has to be negotiated. As I just indicated a while ago, our ancient texts, particularly Atharva Ved and envisions, health as a perfect balance of body, mind and spirit. It recognises breath as ‘pran’. If it goes, ‘pran’ doesn’t exist in us.

    The vital life force connecting individual wellness with environmental harmony. The importance of health can be visualised. A talented person, a person with passion, mission, ability for execution, for public causes, can be severely handicapped on account of health not being in order.

    So such a well-meaning person whose commitment is not in doubt, passion is on the right path, mission is for people at large, execution ability is recognised, he himself becomes a person in need and therefore health is all-important. Our traditional wisdom teaches that respiratory health is inseparable from nature’s equilibrium, reckless exploitation of nature. We are its trustees and we have become its owners and we are exploiting not for optimal need but for our greed.

    A time for all of us to think. Our physical prowess, our financial power cannot determine how we use these resources which are meant not only for individual serving having means but have to be utilised equitably for one and all. It is time for us to go back to our wisdom and knowledge that is our treasure recognised by the globe. We have to see indigenous practices of seasonal living. Our elderly people always say to use vegetables which are being grown around the same time. Use fruits which are there around the same time.

    Forest conservation and dietary wisdom align remarkably with modern preventive medicine. We therefore have to go back to our roots. No time is better than this because the might of Bharat is being realised, reckoned and recognised by the global powers, by the global fraternity. And it is in this context I remind the distinguished audience the time-tested science of ‘Yoga and Pranayama’. These offer profound solutions but imagine the Indian Prime Minister takes this vision to the global community, makes an appeal to the United Nations. The shortest time the largest number of nations converge to support it and we are now celebrating International Yoga Day.

    The population on the planet is uniformly benefiting thereby. Then we have techniques like Anulom Vilom, Bhastrika, Kapalbhati and when I see these being demonstrated on television. I find many people instantly want to take to these, but I will appeal particularly to our youth, impressionable minds to learn it once for all. If you learn the technique once your approach will be stable, sustained, not tentative. These afford not solutions but are recipes for longevity. They enhance immunity, they generate us stress-free, our vitality goes up, the quotient of happiness is enhanced. This will obviously lead to higher productivity.

    Modern research has validated that our ancient practices are scientific. Our ancient practices are extremely potent. They afford precautionary, preventive solutions. The integration of traditional wisdom into modern scientific research is the need of the time and I am sure those dealing with contemporary medicine research will address this issue. The surge in interventional pulmonology enables targeted life enhancing interventions. Deploying these at district level health care centres could accelerate our national tuberculosis elimination programme. If metros are fully equipped that is not a solution. We have to reach out up to district level, both in terms of availability and affordability. While lung cancer remains a leading cause of cancer mortality, early detection technologies not only offer hope but confidence that the problem can be addressed.

    We must expand from the practice of medicine to the reach of medicine ensuring, as I said earlier, affordability and accessibility. Fortunately the government by affirmative policies has done much in this direction but it is the health and mindset of people of a nation that define the nation and health defines the mindset. If we believe and want everyone to believe that our mindset must be nationalistic, we must always keep nation first. No interest whatsoever personal, partisan or fiscal can have overriding impact or national interest but then that requires the first aspect.

    Consider the lived realities and now I seek your attention. Look at the plight of children who are close to industrial areas. Look at those tender souls. The elderly exposed to biomass smoke. The farmer faces parali or crop burning issues. The factory worker inhales chemicals, dust. Invisible citizens whose lives are shaped by the air we breathe.

    I still recall a person in another country handling the health department in another country saying a sick child is an assurance to the doctors for their work and pharmaceutical companies for survival. We don’t want that scenario. It will be too much for us to go for air purifiers. Selective solutions in democracy do not reflect well on democracy. Solutions have to be for one and all because equality is the hallmark of democracy and we have equality when iniquitous situations are contained in a systemic manner.

    As indicated in one report just a year ago in February 2024, respiratory diseases continue India’s largest disease category and account for one-sixth of our population. Just imagine what a staggering figure it is. Asthma arises among children. COPD robs adults of productivity. Tuberculosis persists and tuberculosis is a situation that affects the entire family. Fortunately now the treatment is there. There was a time when there was no treatment. So what is more fundamental is diagnosis. Early diagnosis your treatments emanate easily. The psychological toll, just imagine someone suffering from TB, someone suffering from cancer, the psychological toll not on the only patient but on the family’s huge.

    Fortunately now there is hand-holding for the physical part of it but then also much needs to be done. Then there is stigmatisation. Rather than hand-holding we keep to distance ourselves out of ignorance. Environmental factors include and who doesn’t know it, air pollution.

    Just reflect today. Air pollution index in this city, you’ll be amazed.  When you look at the desirable index and we’re getting away from it. But what is concerning is we are not serious about it. Like climate change, existential challenges, we don’t have another planet to live, but everyone thinks it is anybody else’s job. The job is of one and all. We are cliff hanging. We need to be awake. Then apart from air pollution, vehicular emissions. We don’t pool our resources. We would like to show our wealth by having as many cars as we can have. We have to find a systemic solution. Thankfully our public transport system is being strengthened. We are falling back on alternative automobile culture, but let’s do it while there is time.

    Human behaviour, what we use, our level of nutrition and suddenly a new term has emerged in last few decades. Lifestyle disease is something which is correctionable at the level of an individual, at the level of the family, at the level of the society. The problems are compounded because they get in a stream making life of individuals difficult. But I am not in despair. I am full of hope, optimism and confidence. That when there is convergence of mind like yours, the mind that will ideate, the mind that will engage in research.

    Let me caution you, research has to be authentic, research must be connected with ground results. Research is not meant for oneself or self, research is not to be for the self. Research is not assimilation. Research has to be real research that not only the nation but countries beyond us can take benefit of it.

    Fortunately in our country there is a revolution of green energy, redotting our rural landscape massively but we need to do more on this. We need accelerated phasing out of old vehicles. People have to understand that an old vehicle has to be discarded for reasons that concern our health. Merely because an old vehicle is functional on the road, does not reflect on its road worthiness, that has to be done.

    I said public transportation. We must take pride in using public transportation. Our ego should not come in between. In many countries this is done and here also the safest, fastest, surest way to reach an airport is through a metro. But that is something we need to make a habit of.

    Look at our urban lungs – water bodies, forests and tree cover. In our Vedic culture we reward them, we worship them. Now we are using it for our own gain. We are destroying our respiratory system that nature has given to us. People go for indoor plants, air purifiers out of necessity. Not recognising that this is indicative of a deep malice that is permeating in the society. Your miniscule solution is temporary for you. You have to find a systemic solution. Systemic solution is one that improves the world.

    I deeply appreciate the medical community in our country. Your role transcends healing, encompassing innovation, advocacy, education and inspiration. When we faced pandemic, this was demonstrated. People came with their own ideas and they were safe from Covid.

    I therefore appeal to all of you that we must bridge medicine with data science, environmental studies, engineering and artificial intelligence. Artificial intelligence or let us put it in a broad term, disruptive technologies, these have entered our home, our way of life, our workplace, our research centres.

    Disruptive technologies are much beyond the impact of industrial revolutions but the challenges have to be converted into opportunities. According to me, distinguished audience, it is a myth that this technology, when employed, will cut into human resource employability – No. You have to tame the technology, you have to use it for our advantage, and I’m sure you’ll work it out. You are working for a robust environment for us all. Your deliberations are bound to be absolutely wholesome for all of us.

    Let us resolve on this day to build a future where every citizen breathes easily, breathes clean air, lives longer, and dreams bigger. Health is the first factor that deprives happiness. May your deliberations be fruitful and transformative.

    ‘सर्वे भवन्तु सुखिनः सर्वे सन्तु निरामयाः’ is something we have got from our scriptures to be practised.

    I am grateful for the Vice-President here, who is also chairman of BRONCOCON 2025, Dr. Vivek Nangia, also Dr. R.P. Meena, the president, and the secretary, Dr. Amita Nene, for affording me this opportunity to interact with brilliant minds, minds that have passion without personal interest, a mission that is not selective, and execution that is uniform, that is helping one and all — ‘Vasudhaiva Kutumbakam.’

    Thank you.

    ****

    JK/RC/SM

    (Release ID: 2126780) Visitor Counter : 25

    MIL OSI Asia Pacific News –

  • MIL-OSI Global: How Donald Trump’s tariffs threaten Canadians’ access to prescription drugs

    Source: The Conversation – Canada – By Joel Lexchin, Professor Emeritus of Health Policy and Management, York University, Canada

    If the United States imposes 25 per cent tariffs on exports from Canada, nearly all economists agree a recession is inevitable. Estimates are that between 600,000 to 2.4 million jobs are at risk.

    Based on previous recessions, the unemployment rate could rise to 10 per cent and stay stuck at that level for some time.

    Adding insult to injury, about 55 per cent of Canadians are covered by employer-sponsored drug plans, which means that when these workers get laid off, they also lose their health benefits, including prescription drug insurance tied to their jobs.

    Affordability of prescription drugs

    During the COVID-19 pandemic, according to Statistics Canada, about one-fifth of the population reported not having insurance to cover prescription medications. This coincided with a soaring unemployment rate that peaked at 13.7 per cent in May 2020. The problem of not having insurance for prescription medications was especially acute among immigrants and racialized people. These are the same groups of people that will be at the highest risk of any recession-linked job losses.

    Unsurprisingly, 23 per cent of those without insurance spent more than $500 out-of-pocket in 2022 on prescription drugs compared to 10 per cent for those with insurance. Canadians in the lowest income quintile spent more money on prescription drugs in absolute terms than those in the highest income quintile ($296 versus $268) in 2009, and it’s unlikely this disparity has significantly changed.

    Already there are estimates that the lack of access to prescription drugs leads to 370 to 640 premature deaths due to ischemic heart disease, 550 to 670 premature deaths from all causes among people 55-64 years of age and avoidable deterioration in health status in 70,000 people age 55 and over.

    When Canadians must choose between buying prescription drugs and paying for food and rent, it’s often no contest; patients skip their medications and suffer the consequences. The result is additional physician visits, more visits to already overcrowded emergency departments and more admissions to hospitals.

    Tariffs and drug prices

    Added to the threat of losing prescription drug coverage with job loss is the very real possibility that drug prices will increase. Thirty-two per cent of the active pharmaceutical ingredients that go into the medicines that North Americans take originate in China. U.S President Donald Trump has now threatened to slap U.S. tariffs on Chinese drugs and drug ingredients that were previously exempt.

    Canada already imports $8.76 billion annually in prescription drugs from the U.S. To the extent that tariffed drugs go from China to the U.S. to Canada, the cost of both publicly and privately funded drug plans will increase.

    Those people at the bottom of the income scale who pay out-of-pocket — and can least afford to pay more — will be saddled with those higher prices. If Canada follows the U.S. in imposing tariffs on drugs made in China, as we have done with electric vehicles, then the price of generic drugs made in Canada from Chinese ingredients will also rise.

    We can hope that any tariffs — on Canada or China — will be only temporary and we can avoid the ongoing effects on both access to prescription drugs and their price. But given Trump’s volatility and unpredictability, we can’t rely on that outcome.

    With the passage in October 2024 of Canada’s new Pharmacare Act, the government of Canada committed to “making sure that you can get the medications you need, no matter where you live or your ability to pay.” We need to expand Canada’s federal pharmacare plan to cover all Canadians for all medically necessary drugs. Indeed, the need has never been as acute.

    So far, only three provinces (British Columbia, Manitoba and Price Edward Island) and one territory (Yukon) have signed agreements with the federal government to cover contraceptives and diabetes drugs and devices — the only products currently covered under Bill C-64. The remaining provinces and territories urgently need to sign on. Prime Minister Mark Carney and the Liberals must decisively commit to expanding the range of drugs that is covered by pharmacare.

    All the provincial, territorial and federal leaders have pledged to protect Canadians from U.S. tariffs. Expanding pharmacare is part of that protection.

    Between 2022-2025, Joel Lexchin received payments for writing a brief for a legal firm on the role of promotion in generating prescriptions, for being on a panel about pharmacare and for co-writing an article for a peer-reviewed medical journal. He is a member of the Boards of Canadian Doctors for Medicare and the Canadian Health Coalition. He receives royalties from University of Toronto Press and James Lorimer & Co. Ltd. for books he has written. He has received funding from the Canadian Institutes of Health Research in the past.

    – ref. How Donald Trump’s tariffs threaten Canadians’ access to prescription drugs – https://theconversation.com/how-donald-trumps-tariffs-threaten-canadians-access-to-prescription-drugs-255581

    MIL OSI – Global Reports –

  • MIL-Evening Report: Too many journalists remain silent over the Gaza genocide, a threat to our media credibility

    Report by Dr David Robie – Café Pacific. –

    By David Robie on World Press Freedom Day 2025

    I ask you now: Do not stop speaking about Gaza.

    Do not let the world look away.

    Keep fighting, keep telling our stories – until Palestine is free.

    These are not my words, although I believe and support them absolutely. They are the words of Palestinian journalist Hossam Shabat in his final message left behind when he was killed by an Israeli air strike on March 24.

    His message is a poignant one today, especially today which is May 3 — World Press Freedom Day.

    It is a message that I have been carrying in my heart since even earlier, since the assassination of another Palestinian journalist, the famous Shireen Abu Akleh, who was murdered by Israeli sharpshooters six days after Media Freedom Day in 2022 while reporting in Jenin refugee camp in the West Bank.

    It was her blatant killing in plain view on live video with impunity that signalled how the rogue state Israel was flaunting all international laws and accountability with contempt. And it was a hint of how it would it conduct itself in this disaster.

    According to the United Nations Human Rights Office in the Occupied Palestinian Territory (OHCHR), since October 2023, Israeli occupation forces have killed 211 Palestinian journalists, including 28 women reporters reporting on Gaza. At least 47 journalists have been killed while on duty, and at least 49 media people are languishing in Israeli detention or hidden in prisons, mostly without charge.

    Why? To silence the journalists.

    To silence their storytelling, as Hossam Shabat indicated in his final message.

    And for more than 18 months Israel has refused access to Gaza by international journalists.

    Why? To kill the truth. To stop the world’s media from exposing the Israeli lies and their controlled narrative.

    But it hasn’t worked. The Zionists are losing control of the narrative — and they know it. As Amnesty International called it this week, the mass atrocity is a “livestreamed genocide” thanks due to the courage and dedication of the Gazan reporters and citizen journalists.

    A year ago — on this very day — the Gazan journalists were honoured with the UNESCO Guillermo Cano Prize in Santiago, Chile, in recognition of their “unique suffering and fearless reporting”.

    The protest march to Television New Zealand headquarters. Image: Asia Pacific Report

    Who would have thought this grotesque war, this obscene war would still be causing such terrible suffering more than year later?

    And we can’t even really call it a war at all because it is continuous massacres carried out by one of the most advanced and powerful military machines in the world, supplied and aided by the United States, on one side, with a relatively tiny resistance force armed with small arms on the other.

    Gaza is a “killing field – and civilians are in an endless death loop”, as the UN Secretary General, António Guterres, said the other day. Horrendous!

    And since the Cano award for the Gazan journalists, a further 111 media workers have been killed by Israel.

    Gazan journalist Hossam Shabat’s final message . . . he was killed by the Israeli military last month. Image: APR screenshot

    In the latest survey by Reporters Without Borders 2025 World Press Freedom Index released yesterday, global zones have been flagged where press freedom is “entirely absent and practising journalism is particularly dangerous”.

    “This is the case in Palestine, where the Israeli army has been annihilating journalism for more than 18 months, killing more than 200 media professionals — including at least 43 murdered while working — and imposing a blackout on the besieged strip.”

    Just a couple of weeks ago, a group of French and international journalists staged a “die-in” in Paris. They lay down on the steps of the Opera-Bastille as a street theatre representation of the unprecedented scale of the killing of journalists.

    It was organised by Reporters Without Borders, and secretary-general Thibaut Bruttin said:

    “The difficulty of making the cause of Palestinian journalists heard is proof that the insidious poison of the Israel armed forces has sometimes even penetrated our own narrative.

    “I have never seen a war in which, when a journalist is killed, you are told that they were really a terrorist.”

    Bruttin also reflected: “I think it must be said that solidarity is a form of strength. It is a source of strength, I hope, for Palestinian journalists to whom we send these images and to whom we express our solidarity through words and action.

    “And I also think that is an appeal to the media profession, and it’s true that this demonstration is happening late, perhaps too late. It must be recognised.

    “In the 10 years that I have been working at Reporters Without Borders, this is the first time that I have been asked if the journalist was really a journalist when they were killed. This had never happened. Never.

    “And I think we must salute all those who have been marching and all those professionals who have come and who say: ‘Yes, we must continue to report what is happening but we must also protest and do more. Journalists are being targeted. And they are also being defamed after their deaths.’”

    In January 2024, I wrote an article for Declassified Australia headlined: “Silencing the messenger: Israel kills journalists, while the West merely censors them.”

    I declared then that reporting Israel’s war on Gaza had become the greatest credibility challenge for journalists and media of our times.

    Dr David Robie and Del Abcede speaking at Auckland’s “Palestine Corner” rally on World Press Freedom Day. Image: Bruce King

    “Covering the conflict has opened divisions among media groups about fairness and balance that have become the most bitter since the climate change and covid pandemic debates when media ‘deniers’ and ‘bothsideism’ threatened to undermine the science.”

    It shocks me that so many journalists have remained silent. They should also be on the streets like us and reporting the truth. To me, the deafening silence is a betrayal of the 50 years of truth to power journalism that I have grown up with.

    Silence is complicity.

    Finally, I would like to quote from PSNA’s co-chair John Minto in the letter that we are taking today to Television New Zealand appealing for an independent review of 1News reporting on Palestine/Israel.

    Minto says: “Over the past 18 months of industrial scale killing of Palestinians by the Israeli military in Gaza we have been regularly appalled at the blatantly-biased reporting on the Middle East by Television New Zealand.

    “TVNZ’s reporting has been relentlessly and virulently pro-Israel . . .

    “The damage to human rights, justice and freedom in the Middle East by Western media such as TVNZ is incalculable.”

    I endorse and support these comments and call a halt to Israel deliberately targeting of Palestinian journalists. Let the truth be told, as Hossam told us, over and over again and prevent this blatant Western attempt to “normalise” genocide.

    Dr David Robie is editor of Asia Pacific Report and convenor of Pacific Media Watch. He gave this address at the World Press Freedom Day rally in “Palestine Corner” in Tāmaki Makaurau Auckland’s Te Komititanga Square on 3 May 2025.

    The Television New Zealand protest on World Press Freedom Day – “Remembering the journalists killed by Israel”. Image: APR

    This article was first published on Café Pacific.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: $22 Million Renovation to Dietz Stadium

    Source: US State of New York

    overnor Kathy Hochul today announced the completion of renovations to Robert H. Dietz Memorial Stadium in the City of Kingston as part of the Downtown Revitalization Initiative. The $22 million project, which was kick-started with $2.5 million from the City of Kingston’s Downtown Revitalization Initiative award, included interior and exterior Grandstand renovations with upgraded locker rooms and athletics facilities, new track and turf field, greener and more accessible parking areas, new concession areas and restroom facilities, a new scoreboard and LED stadium lighting.

    “The revitalization of Dietz Stadium marks a new era for the City of Kingston – where state-of-the-art athletic facilities meet community pride and regional opportunity,” Governor Hochul said. “Through our Downtown Revitalization Initiative, we’ve transformed this historic venue into a modern hub for sports, recreation and public gatherings, all while preserving its legacy and strengthening accessibility, sustainability and economic vitality for generations to come.”

    Dietz Stadium is a 2,000-seat facility with an outdoor field and track that is a major venue for organized sports both locally and regionally. The stadium is used daily for Kingston City School athletics for practices and competitions. The stadium is home to Kingston Stockade Football Club, a semi-professional soccer team, and hosts several regional and statewide competitions each year, including the New York State Field Band Conference’s Fall Fanfare. The stadium grounds, pool, basketball court and track are popular for recreational use by the public.

    The Dietz Stadium renovation project was part of a multi-phased, comprehensive restoration of the larger complex, which included the Andretta Pool Improvements Project that began in spring 2020 and was completed in 2023. Improvements included a new roof and masonry repairs at the pool house, pool lining repairs, a new pump and filter, and a splash pad.

    The Dietz Stadium improvements included:

    • Exterior renovations of the grandstand, including improved accessibility, a 50-yard line access tunnel to the locker rooms, new benches, and press box upgrades
    • Interior renovations of the grandstand, including upgrades to the restrooms, new locker rooms, new mechanical/electrical services, coaches offices, training room, and improved storage facilities
    • New track surfacing, new turf field, and new LED stadium lighting
    • New scoreboard with large screen broadcasting
    • All new underground utilities: water, sewer, storm, electric & communications
    • Removal of the old concession building and admin building and construction of a new 100’ x 36’ open-air pavilion with food truck hook-ups, concession booth, and referee locker room
    • Visitor side concession area with two restrooms
    • Expanded grassed practice area with a track & field equipment storage building
    • New gated ticket booth grandstand entrance
    • Bus parking at stadium entrance, new parking lots with green infrastructure
    • Improved access loop road and sidewalks around the stadium
    • Two-way access/egress to Hurley Avenue as well as Joys Lane
    • Relocated basketball court with benches and lighting
    • Pedestrian access/egress walk to Joys Lane near Forsyth Nature Center
    • New stadium perimeter fencing
    • Improved Wi-Fi and security cameras
    • Landscaping, including 120+ new trees

    Secretary of State Walter T. Mosley said, “Dietz Stadium is a tremendous asset to the City of Kingston, and we are proud to celebrate its official reopening after extensive renovations and improvements. This is more than just a stadium, it is a neighborhood hub where families gather, students grow and residents show community pride. Congratulations to the City of Kingston on their continued efforts toward creating a more vibrant and thriving city!”

    Empire State Development President, CEO and Commissioner Hope Knight said, “Projects like this are at the heart of our community redevelopment efforts and encourage new investments that support regional economic growth. Dietz Stadium is a Kingston landmark, and the upgrades made possible through the Downtown Revitalization Initiative will ensure that it continues to welcome fans and athletes for generations to come.”

    New York State Department of Environmental Conservation Acting Commissioner Amanda Lefton said, “When ‘climate smart’ cities like Kingston prioritize green infrastructure improvements and sustainable solutions, like these at Dietz Stadium, the entire community benefits. DEC is proud to partner with the Department of State and our fellow state agencies to support this exciting renovation project and contribute to the city of Kingston’s ongoing efforts to enhance resiliency and improve quality of life for everyone who calls this community home.”

    Environmental Facilities Corporation President and CEO Maureen A. Coleman said, “The transformation of Dietz Stadium is a powerful example of how strategic investments in green infrastructure can revitalize community spaces while protecting our environment. EFC is proud to support projects like this that not only enhance public amenities but also advance New York State’s resilience and sustainability goals through cleaner water management and improved accessibility.”

    Representative Pat Ryan said, “I pushed hard for this project, both as County Executive and as a member of Congress – I’m incredibly proud to announce renovations are complete! This is a win for our entire Kingston community – from the student athletes that will utilize the new top-tier facilities, to the families and community members who will enjoy the space. I can’t wait to visit with Theo and Cam soon!”

    State Senator Michelle Hinchey said, “Dietz Stadium is a Kingston landmark and a cornerstone of life in our community, where generations have come together to compete, celebrate, and get a front row seat to watch our semi-pro Stockade FC make us proud. We’ve driven major state investment toward Dietz’s revitalization, and I’m proud to have been part of that effort. These renovations will help carry Dietz into its next 100 years, and it’s been incredible to see the positive impact on local families, athletes, and our business district since its opening.”

    Ulster County Executive Jen Metzger said, “Dietz Stadium is a beloved community asset that has been used by generations of residents for community recreation, school athletic practices and competitions, graduations, and special events, and more recently, as the home field for Kingston’s very own semi-pro soccer team, the Kingston Stockade FC. The improvements to the stadium are spectacular and will benefit the community for generations to come. I want to thank the Department of State for the Downtown Revitalization Initiative award, which provided funding to kick-start this project, and I want to express my appreciation to Mayor Noble, the Common Council, and the Kingston City School District for their vision, leadership, and commitment to making this project happen. I look forward to seeing the Kingston Stockade play on the new field!”

    City of Kingston Mayor Steven T. Noble said, “I want to thank the Governor and the Department of State for seeing our vision for Uptown Kingston, believing in our community, and providing the funding through the DRI program that kick-started this massive renovation project of our beloved Dietz Stadium. With the state-of-the-art upgrades, this complex will now be able to host regional sporting competitions and large-scale events, which we know will be a boon to our Stockade Business District and beyond. We are thrilled to have robust support from the State and are proud to welcome the public to the new and improved Robert H. Dietz Memorial Stadium today.”

    Kingston City School District Superintendent Dr. Paul J. Padalino said, “We are incredibly thankful to New York State for providing the financial support to complete the renovations of the new and improved Dietz Stadium. This stadium is a tremendous asset to both KCSD and the City of Kingston. KCSD students have already been making great use of the stadium and we look forward to making more memorable moments here. This project is an example of effective cooperation between the State, City and School District. We are grateful to have worked collaboratively with our state and local governments to make this dream a reality.”

    The City of Kingston was named the Mid-Hudson Downtown Revitalization Initiative (DRI) winner in Round Two. Dietz Stadium and the larger complex, including Andretta Pool received $2.5 million from the DRI, as well as grants for green infrastructure improvements from the New York State Department of Environmental Conservation and the Environmental Facilities Corporation. In addition to Dietz Stadium, other projects awarded DRI funding include $2.38 million for transportation upgrades in the Stockade District; $473,000 to create open space in Frog Alley; $3.8 million to incorporate public improvements into the Kingstonian Mixed-Use Development Project; and $600,000 for a Small Grants Program to support smaller projects in the City’s Stockade Business District.

    Downtown Revitalization Initiative
    The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative “plan-then-act” strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles. Through eight rounds, the DRI has awarded a total of $900 million to 89 communities across every region of the State.

    MIL OSI USA News –

  • MIL-OSI USA: Looking Ahead: Dean Hritcko is Reappointed to the UConn School of Pharmacy

    Source: US State of Connecticut

    Dean Hritcko speaks to pharmacy students during their professionalism ceremony in 2019 (UConn Photo)

    In 2019, Dean Hritcko took the stage to give a speech to students during their professionalism ceremony. Recently appointed, the Dean inspired ambitious pharmacy students to start their journey with passion and determination. The Dean’s goals have been clear from the start: “I look forward to leading the UConn School of Pharmacy through its accreditation cycle while continuing to grow its research, faculty, and stature.” After five years, the Dean has delivered on these promises and much more.  

    Dean Hritcko earned his bachelor’s degree in pharmacy and his Pharm.D. from the Albany College of Pharmacy in New York. He has held numerous professional roles, including clinical pharmacy specialist in the VA Connecticut Healthcare System, district pharmacy supervisor, pharmacy manager, and registered pharmacist for CVS pharmacy. He also holds several professional certifications and affiliations, including with the American Pharmacists Association and American Society of Health-System Pharmacists.  

    “I feel very passionate about the school itself and UConn, and I want to make sure that we continue on an upward trajectory.”  

    Dean Hritcko joined Husky Nation over 21 years ago, initially hired as the Director for Experiential Education. Over his two-decade-long journey at UConn, he has served in various roles: Assistant Dean of Experiential Education, Associate Dean for Admissions and Student Affairs, Interim Dean, and finally Dean. When the previous dean of the School of Pharmacy stepped down, Hritcko saw an opportunity to step into this role and was eager to showcase his passion for the School in such an impactful way.

    Headshot of Dean Hritcko (UConn Photo)

    Dean Hritcko’s biggest challenge came in his first year when the COVID-19 pandemic hit. Unable to conduct in-person lectures or labs, the School of Pharmacy and its students adapted to online teaching and learning. The transition back to in-person learning proved to be just as challenging, as both teachers and students were just becoming comfortable with online learning. Despite these difficult transitions, Dean Hritcko credits his phenomenal leadership team, faculty, and staff for their perseverance and adaptability.  

    When asked what he’s most proud of, Dean Hritcko passionately explains the new curriculum in the School of Pharmacy’s professional program, which was recently approved by the faculty. This curriculum change, now in the early stages of implementation, will help future students become better prepared for the demands of practicing as contemporary pharmacists. The Dean expects to see real change reflected in future North American Pharmacist Licensure Examination (NAPLEX) scores, a licensing board exam pharmacy students take to become licensed pharmacists.  

    In addition to the new curriculum, Dean Hritcko is grateful to celebrate the UConn School of Pharmacy’s 100th year of excellence, innovation, and care in his leadership role. During the past century, the UConn School of Pharmacy has been at the forefront of education, innovative research, and health care. 

    “I happen to be here during the Centennial year, which is another great opportunity for our School to celebrate where we are now and where we want to go into the future.” 

    Throughout the last five years, the School of Pharmacy has seen tremendous growth in both its research and its opportunities to change pharmacy practice within Connecticut. As emphasized by Dean Hritcko, these advances are the result of phenomenal researchers and innovative pharmacy practice faculty who have influenced state regulations related to pharmacy practice.  

    Dean Hritcko with Jonathon the Husky

    Raising over 17 million dollars for philanthropy, Dean Hritcko’s steady leadership has deepened the School’s enterprise, strengthened academic pathways, and has expanded its statewide impact. Under his leadership, the School has earned full eight-continued accreditation from the Accreditation Council for Pharmacy Education (ACPE) and updated the School’s Professional Program Curriculum.  

    The 2021 year was a testament to the excellence of UConn’s School of Pharmacy and Dean Hritcko’s leadership: the School received the American Association of Colleges of Pharmacy (AACP) Lawrence C. Weaver Transformative Community while Dean Hritcko’s public engagement and health advocacy was celebrated and honored in the Hartford Business Journal and he received a Healthcare Heroes Award in the category of Community Service – Advocacy/Policy. 

    Looking to the next five years, Dean Hritcko aims to continue the School’s leadership in several areas, increase research capabilities for faculty in both practice and pharmaceutical sciences, facilitate further collaborations between faculty and the private industry (including working with companies and external entities), and find addition scholarship support for students. Additionally, the Dean looks forward to continuing to lead advocacy efforts in the areas of pharmacy practice and reimbursement for pharmacist services. By providing education to Connecticut’s legislators regarding pharmacist services and pharmacy education, the School will continue to exemplify UConn’s status as a land-grant university and its commitment to community impact.  

    Rooted in the accomplishments Dean Hritcko has achieved over the past five years, and in those he strives for in the next five years, is his passion for supporting students. In his various roles at UConn, the Dean has seen students struggle and strive to overcome numerous barriers, especially when affording a college education. By helping the students through scholarships and encouraging alumni and friends of UConn Pharmacy to contribute, the Dean has found a way to fulfill his passion for accessible education.  

    “It is our number #1 priority to help our students, in any way we can, to be successful.”  

    Dean Hritcko’s biggest takeaway from his time as Dean has been the people, “What they contribute to the success of our school is a privilege to be a part of.” These individuals have made the School successful, and the Dean is grateful to have worked with them. He will continue to value those around him in his next term while implementing his vision for all of what UConn Pharmacy is capable of! 

    MIL OSI USA News –

  • MIL-OSI Security: Ringleader of Payment Protection Program Fraud Scheme Sentenced to Five Years in Prison

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

    MIAMI – Raisha Kelly, 44, of Loxahatchee, FL was sentenced to sixty months in prison followed by three years of supervised release and ordered to pay $443,895 in restitution by United States District Court Judge Federico A. Moreno. The sentence follows Kelly’s conviction for conspiracy to commit wire fraud and wire fraud.

    Kelly recruited and conspired with multiple individuals to submit Payment Protection Program (PPP) loan applications that falsely and fraudulently misrepresented that the applicants had sole proprietorship businesses, and the amount of annual revenue received by these purported sole proprietorship businesses. In support of these applications on behalf of each individual, Kelly submitted falsified tax returns. Kelly orchestrated this scheme in return for a 25 percent kickback from the loan applicants. Kelly concealed her involvement in the scheme by creating a series of “dummy” email accounts for herself and each of the applicants—all to entirely disguise her own involvement in the false and fraudulent application. Kelly also applied for her own PPP loans in which she also falsely and fraudulently mispresented the amount of income her own business received. At trial, it was proven that the defendant made approximately $106,649 as a result of orchestrating this conspiracy involving thirteen individuals.

    U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida; Acting Inspector in Charge Steven L. Hodges of the U.S. Postal Inspection Service (USPIS), Miami Division; Special Agent in Charge Amaleka McCall-Brathwaite, U.S. Small Business Administration Office of Inspector General (SBA OIG), Eastern Region; and Special Agent in Charge Mathew Broadhurst of the U.S. Department of Labor Office of Inspector General (DOL-OIG), Southeast Region, made the announcement.

    USPIS, SBA-OIG, and DOL-OIG investigated the case.

    Assistant United States Attorneys Daniel Bernstein, Eduardo Gardea Jr., and Gabrielle Charest-Turken prosecuted it.

    In March 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was enacted. It was designed to provide emergency financial assistance to the millions of Americans suffering the economic effects caused by the COVID-19 pandemic. Among other sources of relief, the CARES Act authorized and provided funding to the SBA to provide Economic Injury Disaster Loans (“EIDLs”) to eligible small businesses, including sole proprietorships and independent contractors, experiencing substantial financial disruptions due to the COVID-19 pandemic to allow them to meet financial obligations and operating expenses that could otherwise have been met had the disaster not occurred.  EIDL applications were submitted directly to the SBA via the SBA’s on-line application website, and the applications were processed and the loans funded for qualifying applicants directly by the SBA.

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

    On September 15, 2022, the Attorney General selected the Southern District of Florida’s U.S. Attorney’s Office to head one of three national COVID-19 Fraud Strike Force Teams. The Department of Justice established the Strike Force to enhance existing efforts to combat and prevent COVID-19 related financial fraud. For more information on the department’s response to the pandemic, please click https://www.justice.gov/coronavirus.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov under case number 24-cr-20079.

    ###

    MIL Security OSI –

  • MIL-OSI: Herz P1 Smart Ring Under Review: Can Vital Health Smart Ring Really Track Your Health? Best Smart Ring

    Source: GlobeNewswire (MIL-OSI)

    Akron, Ohio, May 03, 2025 (GLOBE NEWSWIRE) — Ever since the years of the pandemic have passed by, there is an increase in the percentage of the number of people who have started taking health very seriously. Gone are the days when one would want a professional to help them keep track of their exercises, routines, and make them understand about the number of calories they have been eating or burning. Of course, smart watches are a rage, even today, to keep track of Fitness activity, number of calories burned, your sleep, routine, and so on. However, there is a new entry in the world of smart devices to keep track of one’s health and fitness and those are None other than smart rings. 

    Don’t Miss Out— Best Smart Ring Is 50% Off for a Short Time Only. Shop Today!

    Unlike the other popular fitness variable devices in the market today, a smart ring is much smaller in size and does not even feel like you’re wearing a finger on your ring. If you are not a fan of wearing smart watches, fitness, trackers, or other variables that are worn on the wrist, but you still want some device to help you keep track of your well-being and health, then smarting is the one for you. Smart rings help to keep track of things like your sleep, your exercise, habits, and recovery. They also help by having a better battery life, so you don’t have to go and keep on charging it like your smart watches. Smart rings are low maintenance and discreet for a reason.

    Allow us to introduce you to Herz P1 smart ring, a remarkable device that promises to improve your overall well-being by intricate health monitoring. Wearing HerzP1 ring is like having a Health assistant right on your fingers, it is elegantly designed by making use of adorable space grade, titanium material and comes equipped with a very long lasting performing battery that lasts for up to 6 days after a single charge of hundred percent. Let us understand how HerzP1 ring delivers to be such a stylish and convenient health tracking variable device. What are its advantages and disadvantages, read on and find out if H1 smart ring is the one for you.

    A short brief introduction to Herz P1 smart ring 

    For years, major tech companies have charged steep prices for new gadgets — often with only minor upgrades. Consumers have grown tired of paying more for features that feel barely different. That’s why a rising tech startup, Herz Health, is gaining attention for disrupting the $5 billion smart health industry.

    With the release of its latest innovation — the Herz Health Ring, the company is offering a feature-rich wearable at a price point that’s far more accessible. Tech enthusiasts and early adopters alike are calling it one of the standout gadgets of 2025, thanks to its advanced capabilities and affordability.

    Introducing the Herz Health Ring — the result of a collaboration between seasoned health tech engineers and skilled ring designers. Their goal was straightforward: to create a sleek, comfortable ring that combines the functionality of a sleep monitor, fitness tracker, and best health device in one elegant piece.

    Designed for everyday wear, the ring feels light and natural on your finger. It’s far more comfortable than many of the bulkier metal smart rings out there. Whether you’re running, swimming, or accidentally knocking it against a surface, its durable titanium shell and scratch-resistant coating hold up under pressure.

    But what really sets the Best Smart Health Ring apart isn’t just the step tracking or sleep data — it’s the advanced health monitoring features. Some of these could make a real difference in critical situations. That’s more than convenience; it’s peace of mind. And that raises the question — how do you put a price on something that could one day protect your health?

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    Understanding the working mechanism

    The Herz P1 Smart Ring is built with advanced sensor technology designed to keep track of key health indicators. Equipped with both optical sensors and motion-detecting accelerometers, the ring continuously collects real-time data from the finger to deliver insights into your heart rate, oxygen saturation, and body temperature.

    A key feature of this device is its use of light-based sensors to monitor cardiovascular activity. This method, known as photoplethysmography (PPG), involves shining a green light onto the skin and analyzing how the light is absorbed or reflected by the blood as it flows through the vessels. Because the amount of light changes with each pulse, the ring can determine your heart rate and measure heart rate variability (HRV) — offering a window into your heart health with impressive accuracy.

    The Herz P1 smart ring doesn’t just help track the number of steps you have done on a particular day or your heart rate. It works much deeper than this. While other smart gadgets provide you with basic statistics, the HerzP1 smart ring helps in tracking your HRV, that is heart rate variability, blood, oxygen levels, and sleep patterns, the entire 24 hours of the day.

    Beyond monitoring heart health, the ring also features built-in motion sensors that track your physical activity throughout the day. Using accelerometers, it can recognize various types of movement — whether you’re running, walking, resting, or sleeping. This information builds a unique picture of your daily activity, helping you better understand how your routines influence overall well-being.

    Sleep tracking is another key highlight. When worn overnight, the HerzP1 monitors different stages of sleep, including deep, light, and REM. Because the ring maintains constant skin contact, it captures detailed data that reflects how well your body recovers during sleep. The insights it provides can be a game-changer for anyone trying to boost energy, best sleep quality, or manage stress better during the day.

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    Features of Herz P1 smart ring 

    Here are some of the primary features of HerzP1 ring that we would like to highlight:

    • All in one Health tracking: the HerzP1 smart ring provides an entire spectrum of health insights. It attracts nearly 20 biometric indicators that include heart rate, physical activity, and sleep cycles. It empowers its users with real time and detailed health data.
    • Low profile, elegant design: unlike the smart watches, which are quite bulky when you wear it, the HerzP1 smart ring is thoughtfully designed to look like any other regular ring that you can wear. It is modern in appearance and is suitable for both your professional settings and casual settings. The ring provides the perfect balance between fashion and functionality, making it ideal for those who would love to wear a smart device to track their health in the more subtle way.
    • Exceptional battery performance: with smart watches, everybody complains about how they need to go and keep on charging them every other day. But with the HerzP1 smart ring, you can say goodbye to that worry. The HerzP1 smart ring comes with a long lasting battery that lasts up to 6 days upon a single Charge.
    • Data storage without any Internet connection: even when your phone is not nearby, the HerzP1 smart ring continues to store and collect more data for up to 7 days without even a Bluetooth connection. This ensures that you are constantly tracking all of your health sites, making this device ideal, especially in the times of travelling, digital detox, periods, or while you are working out! 
    • Support women’s health: for female users, this ring comes with a menstrual cycle tracking feature. It provides you with insightful information about how hormonal cycles, impact mode, energy levels, and sleep, thereby supporting women in practising a holistic approach towards their health awareness.
    • Exceptional device compatibility: the HerzP1 smart ring seamlessly works well with both android and iOS smartphones. Its mobile application allows for easy syncing and easy access to all of your health metrics. It provides cross platform support that helps users stay connected to the health data anywhere and at any time

    Where can you buy HerzP1 smart ring? What’s the price?

    We always recommend that you buy Herz P1 smart ring from the official website only as it ensures that 100% authentic product is delivered at your doorstep. Apart from this, you will also get an opportunity to enjoy seasonal promotional discounts and offers that the company might be running on their official website, the pricing is as follows:

    • A single HerzP1 best smart ring comes at a 63% discounted price of $59.99
    • A single HerzP1 smart ring comes at a 66% discounted price of $54.99 each
    •  A single HerzP1 best smart ring comes at a 69% discounted price of $49.99 each

    You can choose from five colour options for your ring and the size as well. The company also provides an incredible 30 days money back guarantee when you can claim a full refund upon returning this smart ring in its original packaging.

    Q: Is the Herz P1 Health Ring available on Amazon?

    A: No, the official Herz P1 Smart Ring is currently not available on Amazon. Be cautious of imitations or unauthorized sellers—we do not recommend purchasing from third-party sources, as quality and authenticity cannot be guaranteed.

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    Q: Are there any Herz P1 Health Ring reviews on Reddit?

    A: As of now, we were unable to find any user reviews of the Herz P1 Smart Ring on Reddit. We recommend checking the official website for verified customer testimonials and updates.

    Q: Does the Herz P1 Health Ring come with a user manual?

    A: Yes! The user manual is included inside the box when you receive your Herz P1 best Health Ring. It contains setup instructions, feature overviews, and usage tips.

    How to use Herz P1 smart ring? 

    • All you need to do is download the Herz P1 smarting app on your smartphone from your App Store.
    • Where your ring and pair it to your mobile phone by following the on screen instructions within minutes.
    •  Where is the ring on your non-dominant hand and consistently wear it to enjoy accurate health readings.

    Cons of using Herz P1 smart ring

    • Dependency on smartphone applications to read all of your health, data metrics can be a hindrance for some users. Wish this smart ring could give us the details directly.
    • Size compatibility becomes a challenge. If your ring doesn’t fit properly even though the company provides a lot of size options.
    • Data privacy concerns, since all of the information is stored in a companion app, it is very natural for any user to worry how securely that data is being handled.

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    Real Customers Reviews

    ⭐️⭐️⭐️⭐️⭐️

    “Exceeded My Expectations!”
    I’ve tried several fitness trackers, but this smart ring blows them all away. It’s sleek, accurate, and doesn’t feel bulky like a watch. I love checking my sleep and heart rate stats each morning. Total game-changer!

    ⭐️⭐️⭐️⭐️⭐️

    “Lightweight But Powerful”
    I barely notice I’m wearing it—it’s that comfortable! Yet it gives me so much useful info about my health and stress levels. Battery life is impressive too. Highly recommend for anyone who wants to optimize their wellness.

    ⭐️⭐️⭐️⭐️⭐️

    “Perfect for Daily Fitness”
    I’ve been hitting my fitness goals more consistently since using this ring. Real-time tracking keeps me accountable, and it syncs with my phone in seconds. Super easy to use and surprisingly stylish.

    ⭐️⭐️⭐️⭐️⭐️

    “My New Favorite Tech Accessory”
    This ring looks great and works even better. I love how it tracks everything—sleep, steps, heart rate—without needing constant recharging. I’ve already convinced two friends to buy one!

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    The Final Conclusion – Herz P1 Smart Ring

    The Herz P1 smart ring is an extremely versatile device that gives you an array of health tracking capabilities, makes it an ideal choice for a number of users, especially those who prioritise their health and want to monitor their biometrics with precision. So if you are someone who is passionate about tracking your health and wellness progress, or you are a professional who aims at integrating sophisticated health data into your routine, this ring will definitely be a valuable asset. The battery life of the smart ring is definitely a standout feature as it lasts up to nearly 6 days upon a single charge. The construction of the smart ring is made from solid and robust materials which makes it ideal for various physical activities such as swimming and running. The unobtrusive and sleek design Unlike other bulky smartwatch variables makes the smart ring very attractive. The company gives its users almost 5 color options to choose from and ring size ranging from size 6 to size 13. The additional 90 days money back guarantee gives users the confidence that the company definitely know what their device is capable of and it also provides relief about the security of their investment. So, go ahead and purchase Herz P1 Smart ring and start monitoring all the vital health data to learn how to improve your health.

    Media Contact:

    Customer Support: (866) 479-1629 9:00am – 5:00pm Eastern 

    Brand: Herz P1 Best Smart Ring

    839 E Market St 
    Ste 106 #165 
    Akron, OH ,44305 
    United States 
    Website: https://www.herzsmartring.com/
    Email: support@herzsmartring.com

    Disclaimer: The statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease. Individual results may vary. Always consult a healthcare professional before taking any dietary supplements.

    Disclosure: This article is for informational purposes only and does not constitute medical advice. The content may include affiliate links, meaning we may earn a commission if you purchase through recommended links. Always consult a healthcare professional before starting any new supplement regimen.

    Content Accuracy Disclaimer
    Every effort has been made to ensure the accuracy of the information presented in this article. However, due to the dynamic nature of product formulations, promotions, and availability, details may change without notice. The publisher makes no warranties or representations as to the current completeness or accuracy of any content, including product claims, pricing, or ingredient lists.
    It is the responsibility of the reader to verify product information directly through the official website or manufacturer prior to making a purchasing decision. Any reliance placed on the information in this article is done strictly at your own risk.

    Affiliate Disclosure
    This article may contain affiliate links. If you purchase a product or service through these links, the publisher may earn a commission at no additional cost to you. These commissions help support the creation of in-depth reviews and educational wellness content.
    The publisher only promotes products that have been independently evaluated and deemed potentially beneficial to readers. However, this compensation may influence the content, topics, or products discussed in this article. The views and opinions expressed are those of the author and do not necessarily reflect the official policy or position of any affiliate partner or product provider.

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    The MIL Network –

  • MIL-OSI Europe: Luis de Guindos: Interview with Die Presse

    Source: European Central Bank

    Interview with Luis de Guindos, Vice-President of the ECB, conducted by Jakob Zirm on 28 April 2025

    3 May 2025

    Die Presse: Since June 2024 the ECB has already cut interest rates seven times. How long will this period of interest rate cuts last?

    Luis de Guindos: This will depend on how inflation develops. But we can be optimistic because our latest forecasts show that, from the end of this year, inflation will be very close to our target of 2%. Moreover, inflation continues to fall thanks to three additional factors. First, the euro has appreciated. Second, energy and commodity prices are declining. And third, the current economic uncertainty about tariffs could lead to greater wage moderation than that already suggested by the latest survey results. All these elements contribute to bringing inflation further down. And this is the decisive factor in whether we continue to lower interest rates.

    Where would you place the neutral interest rate, i.e. the rate which neither stimulates nor restricts economic growth? Is this a target for the ECB?

    The discussion about the neutral rate is very interesting from an academic standpoint. However, it is not very helpful for monetary policy decision-making because the neutral rate cannot be directly observed. Our decisions are based on how inflation develops, our projections and how our monetary policy is transmitted to the real economy. And, as I said, we are optimistic that we will sustainably achieve our inflation target.

    The US Federal Reserve is lowering interest rates much more slowly than the ECB. Is the large interest rate differential between the United States and the euro area a problem?

    The situation in the United States and Europe is different. You should look not only at nominal interest rates, but also at real interest rates. In the United States, inflation and inflation expectations are higher than in Europe, due to a different economic outlook. So the interest rate differential is smaller in real terms. In addition, inflation is more persistent in the United States.

    We have policy space to pursue our own monetary policy, but of course we are monitoring what is happening in the United States.

    In 2022 the euro depreciated massively after the Federal Reserve hiked interest rates half a year sooner. Is there a similar risk again now?

    Not necessarily at the moment. Despite all the uncertainties and contrary to expectations, the euro appreciated after the tariff announcements. Exchange rate developments depend on many factors. We do not have any exchange rate objective, but we monitor the exchange rate closely because it is an important macroeconomic variable in our assessment of the risks for price stability.

    It is important to moderate exchange rate volatility.

    But if the trend reverses and the dollar becomes significantly stronger again, could this fuel inflation in the euro area again?

    We are closely monitoring exchange rate developments. But there are currently no signs of a weakening of the euro. Much will depend on how the current dispute over tariffs develops.

    The average inflation rate in the euro area is currently 2.2%. However, some eastern European countries still have inflation rates of 3% or 4%. Is inflation really under control everywhere in the euro area?

    Differences in inflation developments between countries are normal, it’s the average that is crucial. Our projections show that both headline and core inflation are on track to reach our 2% target. We are paying particular attention to monitoring services inflation, which is strongly influenced by wages. Here, too, we are seeing signs of a slowdown in wage dynamics.

    Let’s talk about growth. In March the ECB predicted GDP growth of 0.9% for the euro area in 2025. Is this still realistic given the tariff debate?

    You are right – this forecast was made before the announcement of US tariffs. Uncertainty we’ve seen since then has weighed on economic activity and is likely to delay investment and consumption. Uncertainty is always bad for the economy. We already pointed to such downside risks in our March projections. The risks are now materialising.

    In Austria, we are in recession for the third year in a row now. Could the entire euro area slide into a recession?

    No, our baseline continues to expect very low but positive growth. It’s well below potential growth, but I don’t think that the euro area is heading into a recession.

    US tariffs are currently suspended. How bad would the damage be if the trade war were to escalate?

    An all-out trade war would have a very serious impact on growth. I really hope it doesn’t come to that. It is also important to take the diversion effects that can occur in trade flows into account, making the consequences difficult to predict.

    US President Donald Trump recently launched a mass attack on the Federal Reserve and its Chair Jerome Powell. What are the consequences of such an attempt to exert political pressure on the work of central banks?

    The independence of central banks is crucial. It is key to their credibility and thus to combating inflation. Even when inflation was extremely high two years ago, inflation expectations in Europe remained anchored because the central bank was considered independent and credible. This credibility is essential to keep inflation expectations under control and, in particular, to avoid wage-price spirals.

    There has been a discussion on whether the euro’s role as a reserve currency could be strengthened if confidence in the US dollar declines. Do you see that as possible?

    The dollar is clearly leading as a reserve currency. The international importance of the euro is a lot less in comparison. Its future development depends on us, however. If Europe builds stronger capital markets and establishes itself as a true single market, the role of the euro at international level could be strengthened. Closer integration and a more pro-European approach are crucial.

    What would be needed to create a true European capital markets union?

    Three central pillars would be needed. First, we need a true single market – barriers and national legislation that impede further integration must be removed. Second, we need to complete the banking union. We already have single supervision and resolution, but we still lack a common deposit guarantee scheme. Third, we need to further develop the capital markets union itself. These three elements are interconnected – progress in one area is difficult without progress in the other two.

    Many support the capital markets union but little progress has been made. Who is blocking it?

    The problem is that without a true single market for goods and services, the capital markets union is also difficult to implement. The banking union is more advanced but there is still a lot to be done. Capital flows follow the real economy, which is why we need integrated goods and services markets.

    In this situation, does it help if national governments block cross-border bank mergers – as is currently the case in Germany, where UniCredit wishes to buy Commerzbank?

    I will not comment on any specific mergers. But in general, we support cross-border mergers because they are necessary to create truly European banks and complete the banking union.

    Is there too much nationalism in the European financial system?

    Sometimes there is too much national focus. But there is a growing awareness that Europe needs to become more independent. And the only way to remain relevant on the world stage is to be more European and a little less nationally focused.

    The European Commission is now also pushing ahead with the simplification of European regulation. This also applies to the financial market of course. Where should economic activity be made easier for businesses?

    The ECB has set up its own high-level task force, which I coordinate. It’s meant to draw up proposals by the end of the year, which will be passed on to the legislator. This may involve, for example, the implementation of Basel III or reporting, which could be streamlined, or the simplification of bank capital structure, to make it clearer and more understandable for investors. However, simplification does not mean de-regulation, it should not jeopardise banks’ solvency.

    When inflation was high, many euro area countries steeply increased their debt and the ECB bought many government bonds, which amounted to some 30% of the outstanding volume in the case of some countries. Is that a problem?

    Those measures were necessary in the context of the pandemic. But now we need to increase defence spending and preserve fiscal sustainability at the same time in order to avoid rising market interest rates and thus lower private investment. That won’t be easy.

    The Austrian central bank has reported annual losses of more than €2 billion in the past two years. This was due to the purchase of low-yield government bonds. Is that the hidden price of expansionary monetary policy?

    Our monetary policy is not determined by the profit and loss accounts of the central banks. Looking back, central banks have made significant gains over the past ten years. The current loss is a consequence of the high liquidity in the market, on which central banks have to pay higher interest rates. However, this liquidity is currently being reduced at a fast pace. The situation will improve in the future.

    Are the high debt levels of euro area countries jeopardising future growth?

    When markets have doubts about debt sustainability, market interest rates rise, which can reduce private investment. That is why a credible and sustainable fiscal policy is crucial.

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: President Lai meets Atlantic Council delegation

    Source: Republic of China Taiwan

    Details
    2025-05-01
    President Lai meets Japan’s LDP Youth Division delegation
    On the morning of May 1, President Lai Ching-te met with a delegation from Japan’s Liberal Democratic Party (LDP) Youth Division. In remarks, President Lai thanked the guests for demonstrating support for deepening Taiwan-Japan ties through concrete actions. The president expressed hope that Taiwan and Japan can continue to conduct exchanges in such areas as national defense, the economy, education, culture, sports, and the arts so that bilateral relations reach even greater heights. A translation of President Lai’s remarks follows: I want to welcome our distinguished guests, who include Diet members in the LDP Youth Division and guests from Junior Chamber International (JCI) Japan, to the Presidential Office. It is also a pleasure to see LDP Youth Division Director Nakasone Yasutaka, House of Representatives Member Hiranuma Shojiro, and House of Councillors Member Kamiya Masayuki again today. I look forward to discussions with all our distinguished guests. The LDP Youth Division and JCI Japan have once again demonstrated support for deepening Taiwan-Japan ties through concrete actions. On behalf of the people of Taiwan, I also want to thank the LDP Youth Division for launching a fundraising campaign to help those affected by the earthquake in Hualien County on April 3 last year. LDP Youth Division members will be important leaders in Japan’s political arena in the future. Taiwan deeply values our exchanges with the Youth Division and hopes to bring about concrete results from such exchanges. Peace and stability in the Taiwan Strait are critical to the security and prosperity of the world, and Taiwan and Japan can work together to promote peace and stability in the Indo-Pacific region. Former Prime Ministers Abe Shinzo and Kishida Fumio, and current Prime Minister Ishiba Shigeru have repeatedly stressed the importance of peace and stability in the Taiwan Strait at important international venues. Taiwan is deeply grateful to Japan’s current and former prime ministers for their concern and support for this issue. Taiwan and Japan can also cooperate in industry and the economy. As our industries are complementary, further cooperation can create win-win outcomes. In the semiconductor industry, for instance, Taiwan’s strengths lie in manufacturing, while Japan’s strengths lie in materials, equipment, and technology. If we work together, the semiconductor industry is sure to see even more robust development. In addition to the economy and national defense, Taiwan and Japan can also conduct exchanges in such areas as education, culture, sports, and the arts. Our countries have long shared deep ties – Director Nakasone’s grandfather, former Prime Minister Nakasone Yasuhiro, was stationed in Taiwan and lived in what is now the Mingde New Residential Quarter of Kaohsiung City’s Zuoying District. I am confident that on the basis of our already solid foundations, Taiwan-Japan relations can reach even greater heights. Director Nakasone then delivered remarks, first thanking President Lai for finding time in his busy schedule to meet with the visiting delegation. He said that the LDP Youth Division sends a visiting delegation to Taiwan each year and is always granted the opportunity to meet with the president, demonstrating his high regard for the delegation, for which the director again expressed his gratitude. He remarked that he, together with House of Representatives Member Suzuki Keisuke, visited Taiwan last July, and that whenever he visits Taiwan, it feels as if he is returning home. Director Nakasone recalled President Lai’s earlier remarks, saying that he hopes the young people of Taiwan and Japan can fully engage in exchanges in the areas of national defense, the economy, culture, education, and the arts. The director said he believes that in today’s complex and difficult international situation, such directives are necessary. This is especially so, he emphasized, during United States President Donald Trump’s second term, when things once taken for granted are no longer so, and when the global economy is undergoing significant changes. Director Nakasone expressed his full support for strengthening Taiwan and Japan’s practical and strategic cooperation. He said he believes each side will be able to benefit from such cooperation and hopes that exchanges will progress toward shared goals. He pointed out that, as maritime nations, Taiwan and Japan share the goals of protecting the ocean and using marine resources wisely, goals that we ought to cooperate on and devote our full efforts to. The peace and stability of the Taiwan Strait are critical to the peace and stability of East Asia and even the world, he said, so we must ensure that the world and its leaders recognize this point, and Japan will do its utmost to advocate for it. Director Nakasone said, on the topic of semiconductors, that Taiwan Semiconductor Manufacturing Company’s new fab in Japan’s Kumamoto Prefecture has made the area very lively, adding that the Japanese government is providing more than 1.25 trillion yen in subsidies. Moving forward, the Japanese government plans to inject an additional 10 trillion yen, he said, to aid in the development of AI and other fields. Noting that Taiwan and Japan both excel in semiconductors, he expressed his hope that each can give free rein to its strengths to produce an even greater effect. Director Nakasone said that despite Taiwan’s facing formidable internal and external circumstances, it saw 4.6 percent economic growth last year under President Lai’s strong leadership, and it continued to promote measures to enhance overall societal resilience, all of which is admirable. In closing, the director thanked President Lai once again for taking the time to meet with them. Also in attendance were Japanese House of Representatives Members Nemoto Taku and Fukuda Kaoru, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-04-29
    President Lai meets NBR delegation  
    On the morning of April 29, President Lai Ching-te met with a delegation from the National Bureau of Asian Research (NBR). In remarks, President Lai stated that as Taiwan stands at the very frontline of defense of global democracy, we are actively implementing our Four Pillars of Peace action plan, which includes continuing to enhance our national defense capabilities, demonstrating our commitment to defending freedom and democracy. The president said he hopes to further advance national security and industrial cooperation between Taiwan and the United States. He also expressed hope that this will help boost economic resilience for both sides and establish each as a key pillar of regional security, elevating our relations to even higher levels. A translation of President Lai’s remarks follows: I am delighted to meet with Admiral John Aquilino again today. I also warmly welcome NBR President Michael Wills and our distinguished guests from the bureau to Taiwan. I look forward to exchanging views with you all on Taiwan-US relations and the regional situation. During his tenure as commander of the US Indo-Pacific Command, Admiral Aquilino placed much attention on the Taiwan Strait issue. And the NBR has conducted a wealth of research and analysis focusing on matters of regional security. Thanks to all of your outstanding contributions and efforts, the international community has gained a better understanding of the role Taiwan plays in the Indo-Pacific region and in global democratic development. For this, I want to extend my deepest gratitude. Taiwan stands at the very frontline of defending global democracy and is located at a strategically important location in the first island chain. We are actively implementing our Four Pillars of Peace action plan, which includes continuing to enhance our national defense capabilities, building economic security, demonstrating stable and principled cross-strait leadership, and standing side-by-side with the democratic community to jointly demonstrate the strength of deterrence and safeguard regional peace and stability. At the beginning of this month, I announced an increase in military allowances for volunteer service members and combat troops. The government will also continue to reform national defense and enhance self-sufficiency in defense. In addition, we will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. These efforts continue to strengthen Taiwan’s self-defense capabilities and demonstrate our commitment to defending freedom and democracy. As we mark the 46th anniversary of the enactment of the Taiwan Relations Act, we thank the US government for continuing its arms sales to Taiwan and strengthening the Taiwan-US partnership over the years. We believe that, in addition to engaging in military exchanges and cooperation, Taiwan and the US can build an even closer economic and trade relationship, boosting each other’s economic resilience and establishing each as a key pillar of regional security. I expect that your continued assistance will help advance national security and industrial cooperation between Taiwan and the US, elevating our relations to even higher levels. Once again, I welcome our distinguished guests to Taiwan and wish you a pleasant and successful trip. I hope that through this visit, you gain a more comprehensive and in-depth understanding of Taiwan’s economy and national defense. Admiral Aquilino then delivered remarks, thanking the Ministry of National Defense for the invitation and President Lai for receiving and spending time with them. Mentioning that this is his second visit in five months, he said he continues to be incredibly impressed with the president’s leadership and the actions he has taken to secure Taiwan and defend its people. Admiral Aquilino said that he has watched the efforts of the ministers on whole-of-society defense to demonstrate deterrence and added that the pace of the work is nothing short of inspiring. Admiral Aquilino noted that Taiwan’s thriving democracy is incredibly important to the peace and stability of the region. He stated that he, alongside the NBR, will continue to offer support, noting that President Wills and his team are an asset to Taiwan and the US that helps continue our close relationship and ensure peace and stability in the region.  

    Details
    2025-04-28
    President Lai meets Japanese Diet Member and former Minister of State for Economic Security Takaichi Sanae
    On the afternoon of April 28, President Lai Ching-te met with a delegation led by Member of the Japanese House of Representatives and former Minister of State for Economic Security Takaichi Sanae. In remarks, President Lai thanked the government of Japan for repeatedly emphasizing the importance of peace and stability across the Taiwan Strait at important international venues. The president expressed hope that in the face of China’s continually expanding red supply chains, Taiwan and Japan can continue to cooperate closely in such fields as semiconductors, energy, and AI technology to create non-red supply chains that enhance economic resilience and industrial competitiveness for both sides, and jointly pave the way for further prosperity and growth in the Indo-Pacific region. A translation of President Lai’s remarks follows: First, I would like to extend a warm welcome to Representative Takaichi as she returns for another visit to Taiwan. I am also very happy to have Members of the House of Representatives Kikawada Hitoshi and Ozaki Masanao, and Member of the House of Councillors Sato Kei all gathered together here to engage in these very important exchanges. Our visitors will be taking part in many exchange activities during this trip. Earlier today at the Indo-Pacific Strategy Thinktank’s International Political and Economic Forum, Representative Takaichi delivered a speech in which she clearly demonstrated the great importance she places upon the friendship between Taiwan and Japan. For this I want to express my deepest appreciation to each of our guests. The peoples of Taiwan and Japan have a deep friendship and mutual trust. We have a shared commitment to the universal values of democracy, freedom, and respect for human rights, but beyond that, we both have striven to contribute to regional peace and stability. I also want to thank the government of Japan for repeatedly emphasizing the importance of peace and stability across the Taiwan Strait at important international venues. Tomorrow you will all make a trip to Kaohsiung to visit a bronze statue of former Prime Minister Abe Shinzo, who once said, “If Taiwan has a problem, then Japan has a problem.” We will always remember the firm support and friendship he showed Taiwan. Since taking office last year, I have worked hard to improve Taiwan’s whole-of-society defense resilience and implement our Four Pillars of Peace action plan. By strengthening our national defense capabilities, building up economic security, demonstrating stable and principled cross-strait leadership, and deepening partnerships with democratic countries including Japan, we can together maintain peace and stability in the Indo-Pacific region and across the Taiwan Strait. At the same time, in the face of China’s continually expanding red supply chains, we hope that Taiwan and Japan, as important economic and trade partners, can continue to cooperate closely in such fields as semiconductors, energy, and AI technology to create non-red supply chains that further enhance economic resilience and industrial competitiveness for both sides. Going forward, Taiwan will work hard to play an important role in the international community and contribute its key strengths. I hope that, with the support of our guests, Taiwan can soon accede to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and sign an economic partnership agreement (EPA) with Japan so that we can jointly pave the way for further prosperity and growth in the Indo-Pacific region. Lastly, I thank each of you once again for taking concrete action to support Taiwan. I am confident that your visit will help deepen Taiwan-Japan ties and create even greater opportunities for cooperation. Let us all strive together to keep propelling Taiwan-Japan relations forward.  Representative Takaichi then delivered remarks, first thanking President Lai and Taiwanese political leaders for the warm hospitality they extended to the delegation, and mentioning that the visiting delegation members are all like-minded partners carrying on the legacy of former Prime Minister Abe. July 8 this year will mark the third anniversary of the passing of former Prime Minister Abe, she said, and when the former prime minister unfortunately passed away, President Lai, then serving as vice president, was among the first to come offer condolences, for which she expressed sincere admiration and gratitude. Representative Takaichi stated that Taiwan and Japan are island nations that face the same circumstances and problems, and that Japan’s trade activities rely heavily on ocean transport, so once a problem arises nearby that threatens maritime shipping lanes, it will be a matter of life and death for Japan. Taiwan and Japan are similar, as once a problem arises, both will face food and energy security issues, and supply chains may even be threatened, she said. Regarding Taiwan-Japan cooperation, Representative Takaichi stated that both sides must first protect and strengthen supply chain resilience. President Lai has previously said that he wants to turn Taiwan into an AI island, she said, and in semiconductors, Taiwan has the world’s leading technology. Representative Takaichi went on to say that Taiwan and Japan can collaborate in the fields of AI and semiconductors, quantum computing, and dual-use industries, as well as in areas such as drones and new energy technologies to build more resilient supply chains, so that if problems arise, we can maintain our current standard of living with peace of mind. Representative Takaichi indicated that cooperation in the defense sector is also crucial, and that by uniting like-minded countries including Taiwan, the United States, Japan, the Philippines, and Australia, and even countries in Europe, we can build a stronger network to jointly maintain our security guarantees. Representative Takaichi expressed hope that Taiwan and Japan will continue to strengthen substantive non-governmental relations, including personnel exchange visits and information sharing, so that we can jointly face and respond to crises when they arise. Regarding the hope to sign a Taiwan-Japan EPA that President Lai had mentioned earlier, she also expressed support and said she looks forward to upcoming exchanges and talks. The visiting delegation also included Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-04-23
    President Lai delivers remarks at International Holocaust Remembrance Day event
    On the afternoon of April 23, President Lai Ching-te attended an International Holocaust Remembrance Day event and delivered remarks, in which he emphasized that peace is priceless, and war has no winners, while morality, democracy, and respect for human rights are powerful forces against violence and tyranny. The president stated that Taiwan will continue to expand cooperation with democratic partners and safeguard regional and global peace and stability, defending democracy, freedom, and human rights. He said we must never forget history, and must overcome our differences and join in solidarity to ensure that the next generations live in a world that is more just and more peaceful. Upon arriving at the event, President Lai heard a testimony from the granddaughter of a Holocaust survivor, followed by a rabbi’s recitation of the prayer “El Maleh Rachamim.” He then joined other distinguished guests in lighting candles in memory of the victims. A transcript of President Lai’s remarks follows: To begin, I want to thank the Israel Economic and Cultural Office (ISECO) in Taipei, German Institute Taipei, Taiwan Foundation for Democracy, and Ministry of Foreign Affairs for co-organizing this deeply significant memorial ceremony again this year. I also want to thank everyone for attending. We are here today to remember the victims of the Holocaust, express sympathy for the survivors, honor the brave individuals who protected the victims, and acknowledge all who were impacted by this atrocity. It was deeply moving to hear Ms. [Orly] Sela share the story of how her grandmother, Yehudit Biksz, escaped the Nazi regime. I want to thank her specially for traveling so far to attend this event. From the 1930s through World War II, the Nazi regime sought to exclude Jewish people from society. In their campaign, they perpetrated systematic genocide driven by their ideology. Policies and directives under the authoritarian Nazi regime resulted in the deaths of approximately 6 million Jews. Millions of others were persecuted, including Romani people, persons with disabilities, the gay community, and anyone who disagreed with Nazi ideology. It is one of the darkest chapters in human history. Many countries, including Taiwan, have enacted anti-massacre legislation, and observe a remembrance day each year. Those occasions help us remember the victims, preserve historical memory, and most importantly, reinforce our resolve to fight against hatred and discrimination. Twenty-three years ago, Chelujan (車路墘) Church in Tainan founded the Taiwan Holocaust Memorial Museum. It is the first Jewish museum in Taiwan, and the second Holocaust museum in Asia. Its founding mission urges us to forget hatred and love one another; put an end to war and advocate peace. Many of the exhibition items come from Jewish people, connecting Taiwan closer with Israel and helping Taiwanese better understand the experiences of Jewish people. In this way, we grow to more deeply cherish peace. When I was mayor of Tainan, I took part in an exhibition event at Chelujan Church. I was also invited by the Israeli government to join the International Mayors Conference in Israel, where I visited the World Holocaust Remembrance Center. I will never forget how deeply that experience moved me, and as a result, peace and human rights became even more important issues for me. These issues are valued by Taiwan and our friends and allies. They are also important links connecting Taiwan with the world. Peace is priceless, and war has no winners. We will continue to expand cooperation with democratic partners and safeguard regional and global peace and stability. We will also continue to make greater contributions and work with the international community to defend democracy, freedom, and human rights. This year also marks the 80th anniversary of the end of World War II. However, we still see wars raging around the world. We see a resurgence of authoritarian powers, which could severely impact global democracy, peace, and prosperous development. Today’s event allows for more than reflection on the past; it also serves as a warning for the future. We are reminded of the threats that hatred, prejudice, and extremism pose to humanity. But we are also reminded that morality, democracy, and respect for human rights are powerful forces against violence and tyranny. We must never forget history. We must overcome our differences and join in solidarity for a better future. Let’s work together to ensure that the next generations live in a world that is more just and more peaceful. Also in attendance at the event were Member of the Israeli Knesset (parliament) and Taiwan friendship group Chair Boaz Toporovsky, ISECO Representative Maya Yaron, and German Institute Taipei Deputy Director General Andreas Hofem.

    Details
    2025-04-23
    President Lai pays respects to Pope Francis  
    On the morning of April 23, President Lai Ching-te visited the Taipei Archdiocesan Curia to pay respects in a memorial ceremony for His Holiness Pope Francis. As officiant of the ceremony, President Lai burned incense and presented flowers, fruits, and wine to pay his respects to Pope Francis. At the direction of the master of ceremonies, the president then bowed three times in front of Pope Francis’s memorial portrait, conveying his grief and deep respect for the late pope. After hearing of Pope Francis’s passing on April 21, President Lai promptly requested the Ministry of Foreign Affairs to express sincere condolences from the people and government of Taiwan to the Vatican. The president also instructed Minister of Foreign Affairs Lin Chia-lung (林佳龍) to convey condolences to the Holy See’s Apostolic Nunciature in Taiwan.  

    Details
    2025-04-06
    President Lai delivers remarks on US tariff policy response
    On April 6, President Lai Ching-te delivered recorded remarks regarding the impact of the 32 percent tariff that the United States government recently imposed on imports from Taiwan in the name of reciprocity. In his remarks, President Lai explained that the government will adopt five response strategies, including making every effort to improve reciprocal tariff rates through negotiations, adopting a support plan for affected domestic industries, adopting medium- and long-term economic development plans, forming new “Taiwan plus the US” arrangements, and launching industry listening tours. The president emphasized that as we face this latest challenge, the government and civil society will work hand in hand, and expressed hope that all parties, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. A translation of President Lai’s remarks follows: My fellow citizens, good evening. The US government recently announced higher tariffs on countries around the world in the name of reciprocity, including imposing a 32 percent tariff on imports from Taiwan. This is bound to have a major impact on our nation. Various countries have already responded, and some have even adopted retaliatory measures. Tremendous changes in the global economy are expected. Taiwan is an export-led economy, and in facing future challenges there will inevitably be difficulties, so we must proceed carefully to turn danger into safety. During this time, I want to express gratitude to all sectors of society for providing valuable opinions, which the government regards highly, and will use as a reference to make policy decisions.  However, if we calmly and carefully analyze Taiwan’s trade with the US, we find that last year Taiwan’s exports to the US were valued at US$111.4 billion, accounting for 23.4 percent of total export value, with the other 75-plus percent of products sold worldwide to countries other than the US. Of products sold to the US, competitive ICT products and electronic components accounted for 65.4 percent. This shows that Taiwan’s economy does still have considerable resilience. As long as our response strategies are appropriate, and the public and private sectors join forces, we can reduce impacts. Please do not panic. To address the reciprocal tariffs by the US, Taiwan has no plans to adopt retaliatory tariffs. There will be no change in corporate investment commitments to the US, as long as they are consistent with national interests. But we must ensure the US clearly understands Taiwan’s contributions to US economic development. More importantly, we must actively seek to understand changes in the global economic situation, strengthen Taiwan-US industry cooperation, elevate the status of Taiwan industries in global supply chains, and with safeguarding the continued development of Taiwan’s economy as our goal, adopt the following five strategies to respond. Strategy one: Make every effort to improve reciprocal tariff rates through negotiations using the following five methods:  1. Taiwan has already formed a negotiation team led by Vice Premier Cheng Li-chiun (鄭麗君). The team includes members from the National Security Council, the Office of Trade Negotiations, and relevant Executive Yuan ministries and agencies, as well as academia and industry. Like the US-Mexico-Canada free trade agreement, negotiations on tariffs can start from Taiwan-US bilateral zero-tariff treatment. 2. To expand purchases from the US and thereby reduce the trade deficit, the Executive Yuan has already completed an inventory regarding large-scale procurement plans for agricultural, industrial, petroleum, and natural gas products, and the Ministry of National Defense has also proposed a military procurement list. All procurement plans will be actively pursued. 3. Expand investments in the US. Taiwan’s cumulative investment in the US already exceeds US$100 billion, creating approximately 400,000 jobs. In the future, in addition to increased investment in the US by Taiwan Semiconductor Manufacturing Company, other industries such as electronics, ICT, petrochemicals, and natural gas can all increase their US investments, deepening Taiwan-US industry cooperation. Taiwan’s government has helped form a “Taiwan investment in the US” team, and hopes that the US will reciprocate by forming a “US investment in Taiwan” team to bring about closer Taiwan-US trade cooperation, jointly creating a future economic golden age.  4. We must eliminate non-tariff barriers to trade. Non-tariff barriers are an indicator by which the US assesses whether a trading partner is trading fairly with the US. Therefore, we will proactively resolve longstanding non-tariff barriers so that negotiations can proceed more smoothly. 5. We must resolve two issues that have been matters of longstanding concern to the US. One regards high-tech export controls, and the other regards illegal transshipment of dumped goods, otherwise referred to as “origin washing.” Strategy two: We must adopt a plan for supporting our industries. For industries that will be affected by the tariffs, and especially traditional industries as well as micro-, small-, and medium-sized enterprises, we will provide timely and needed support and assistance. Premier Cho Jung-tai (卓榮泰) and his administrative team recently announced a package of 20 specific measures designed to address nine areas. Moving forward, the support we provide to different industries will depend on how they are affected by the tariffs, will take into account the particular features of each industry, and will help each industry innovate, upgrade, and transform. Strategy three: We must adopt medium- and long-term economic development plans. At this point in time, our government must simultaneously adopt new strategies for economic and industrial development. This is also the fundamental path to solutions for future economic challenges. The government will proactively cooperate with friends and allies, develop a diverse range of markets, and achieve closer integration of entities in the upper, middle, and lower reaches of industrial supply chains. This course of action will make Taiwan’s industrial ecosystem more complete, and will help Taiwanese industries upgrade and transform. We must also make good use of the competitive advantages we possess in such areas as semiconductor manufacturing, integrated chip design, ICT, and smart manufacturing to build Taiwan into an AI island, and promote relevant applications for food, clothing, housing, and transportation, as well as military, security and surveillance, next-generation communications, and the medical and health and wellness industries as we advance toward a smarter, more sustainable, and more prosperous new Taiwan. Strategy four: “Taiwan plus one,” i.e., new “Taiwan plus the US” arrangements: While staying firmly rooted in Taiwan, our enterprises are expanding their global presence and marketing worldwide. This has been our national economic development strategy, and the most important aspect is maintaining a solid base here in Taiwan. We absolutely must maintain a solid footing, and cannot allow the present strife to cause us to waver. Therefore, our government will incentivize investments, carry out deregulation, and continue to improve Taiwan’s investment climate by actively resolving problems involving access to water, electricity, land, human resources, and professional talent. This will enable corporations to stay in Taiwan and continue investing here. In addition, we must also help the overseas manufacturing facilities of offshore Taiwanese businesses to make necessary adjustments to support our “Taiwan plus one” policy, in that our national economic development strategy will be adjusted as follows: to stay firmly rooted in Taiwan while expanding our global presence, strengthening US ties, and marketing worldwide. We intend to make use of the new state of supply chains to strengthen cooperation between Taiwanese and US industries, and gain further access to US markets. Strategy five: Launch industry listening tours: All industrial firms, regardless of sector or size, will be affected to some degree once the US reciprocal tariffs go into effect. The administrative teams led by myself and Premier Cho will hear out industry concerns so that we can quickly resolve problems and make sure policies meet actual needs. My fellow citizens, over the past half-century and more, Taiwan has been through two energy crises, the Asian financial crisis, the global financial crisis, and pandemics. We have been able to not only withstand one test after another, but even turn crises into opportunities. The Taiwanese economy has emerged from these crises stronger and more resilient than ever. As we face this latest challenge, the government and civil society will work hand in hand, and I hope that all parties in the legislature, both ruling and opposition, will support the measures that the Executive Yuan will take to open up a broader path for Taiwan’s economy. Let us join together and give it our all. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Senator Collins Announces Release of Nearly $50 Million in Reimbursement Funding for Northern Light Health for COVID Pandemic Care

    US Senate News:

    Source: United States Senator for Maine Susan Collins

    Washington, D.C. – U.S. Senator Susan Collins announced today that $49 million in delayed Federal Emergency Management Agency (FEMA) funding has been released to Northern Light Health by the Maine Emergency Management Agency to reimburse costs associated with its COVID-19 pandemic response. Northern Light Health was among the health care providers that faced significant delays in receiving FEMA disaster relief funding following the pandemic, despite the substantial financial burden it incurred while caring for patients.

    “This funding will help ensure that Northern Light Health is reimbursed for the vital health care it provided to Mainers during the COVID-19 pandemic,” said Senator Collins. “From expanding patient capacity, to securing personal protective equipment, and increasing staffing in critical care units, Maine’s hospitals stepped up to care for Maine communities during an unprecedented time of crisis. I strongly advocated for the release of these FEMA funds, and I am pleased to see them finally delivered.”

    “Northern Light Health is incredibly grateful to Senator Collins for securing critical FEMA reimbursements for the expenses related to the care we delivered to our community during the COVID-19 pandemic,” said James Rohrbaugh, Northern Light Health executive vice president and chief financial officer. “We understand FEMA disaster relief funding requires detail and scrutiny to ensure the funds are appropriately directed and that caused a significant delay to our receiving these reimbursements and thank the Senator for never losing sight of this.”

    MIL OSI USA News –

  • MIL-OSI USA: In Seattle, Senator Murray Highlights Consequences of Trump & Elon’s Cuts & Layoffs at NIH—Hears from Leading Researchers, Patients, and Early Career Scientists

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    ICYMI: At Hearing, Senator Murray Slams Trump Administration for Threatening Biomedical Research and Jeopardizing Americans’ Health
    NIH Investments support more than $3 billion in economic activity across Washington State and more than 12,000 jobs – MORE HERE
    ***AUDIO HERE; PHOTOS and B-ROLL HERE***
    Seattle, WA— Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, held a roundtable discussion in Seattle highlighting why the investments the federal government makes in biomedical research are so vital, what’s at stake for patients and families as Trump takes a wrecking ball to this research, and why Congress must forcefully push back. Murray was joined by Seattle area leaders in biomedical research of national renown, patients who have benefitted directly from NIH research, and early career researchers who can speak directly to how Trump’s cuts and chaos are jeopardizing the future of biomedical research in America.
    During the roundtable, Senator Murray was joined by Dr. Jeff Sperring, Seattle Children’s Chief Executive Officer; Dr. Vittorio Gallo, Seattle Children’s Chief Scientific Officer; Dr. Mary-Claire King, American Cancer Society Professor of Medicine and Genome Sciences, UW School of Medicine; Dr. Jane Hoyt Buckner, M.D., President of Benaroya Research Institute; Kristin Weinstein, PhD candidate at UW School of Medicine; and Alisa Vitello along with her daughter, Olivia Vitello, who benefitted from medication developed through an NIH clinical trial.
    President Trump and his administration has systematically undermined NIH and the research it funds, which is having devastating impacts on biomedical research, innovation, and ultimately, the lives of millions of patients and families. The Trump administration’s actions are delaying funding and stalling research for lifesaving treatments and cures, weakening our biomedical workforce, cancelling vital ongoing studies and trials, and threatening to undo decades of hard-won progress.
    “Medical research is an economic powerhouse—it supports millions of jobs across the country, especially here in Washington state, and generates billions in economic activity. NIH funding is the cornerstone of our medical research enterprise, while medical research accounts for less than 1 percent of the federal budget, NIH has contributed to over 99 percent of drugs approved by FDA in recent years,” said Senator Murray. “But the real impact isn’t economic, it isn’t jobs, it isn’t awards, it is miracles that give people hope and more time with loved ones. That could mean a new vaccine to protect us from a disease. It could mean new treatment that saves lives. Or a breakthrough discovery that revolutionizes care and research, like Dr. King’s work showing a gene tied to breast cancer.”
    “That is all invaluable—but with President Trump—it is all on the chopping block,” continued Senator Murray. “He has already axed 800 grants, over a billion dollars in research for HIV prevention, breast cancer, pregnancy, diabetes, Alzheimer’s, and more. He has also blocked $2 billion in grant funding from going out to universities and research institutions across the country.He slapped a $1 limit on NIH researchers’ payment cards—meaning labs can’t get gloves, pipettes, and vials—the basics they need to keep research going.He wants to massively cut funding for basic costs that keep labs running.And Trump is calling for at least an $18 billion cut to NIH funding. And it’s not just funding Trump has cut—it’s the workforce. Trump has pushed out nearly 5,000 people at NIH and counting.He is slashing grants to support early educators. And he is pushing out and scaring away international students. We are seeing canceled trials and delayed research. We must keep up the public pressure. People need to know what is happening. They need to know what is at stake.”
    Murray’s roundtable discussion follows a bipartisan Senate Appropriations Committee hearing she co-led this week, where she invited testimony from Washington state mom and patient advocate, Emily Stenson, whose daughter Charlie was diagnosed with stage 4 cancer at just three years old but who, thanks to a National Cancer Institute clinical trial at Seattle Children’s Hospital, has been cancer free since December 2024.
    “Children are our future, and we drive advances—like improving survival rates for children with brain tumors, developing new therapies for rare diseases, and transforming care for kids with complex behavioral health needs—through research,” said Dr. Vittorio Gallo, Chief Scientific Officer at Seattle Children’s. “Without sustained NIH investment, nearly 200 clinical trials at Seattle Children’s could be delayed or paused. Funding is critical for us to deliver on our mission to provide hope, care and cures.”
    “I wanted to first tell you what’s happened to me in consequence of this craziness. I am now owed—4 months later—$1.8 million of a noncompetitive renewal on a project that has been approved at all scientific levels. The Notice of Grant Award has been signed. It was to begin last January 1. It has simply not been sent. It’s not canceled. It just hasn’t come. Somehow it is frozen. No reason has been given. There is no DEI component, it’s only sequencing of DNA…There are probably thousands more like me. That estimate of the of the total cost—the total deficit into those 800 [grants]—I think is only a very small fraction of the actual amount of money that we need as researchers, that has been guaranteed for us. They will need to burn this money if they don’t send it. This money is allocated to the University of Washington. They can’t use it for anything else. They might as well take out the bills and just burn them. In addition to the research itself, it supports 4 young investigators. We’re now 4 months in with their having no salaries from that grant. I’m using my own salary, I’m using gifts that I’ve been accumulating for 50 years to pay them. So far so good, but we’ll run out pretty quickly. Grants like this need to be dislodged from the iceberg in which they are now frozen,” said Dr. Mary-Claire King, American Cancer Society Professor of Medicine and Genome Sciences at UW School of Medicine. Dr. King was the first person to show that breast cancer can be inherited due to mutations in the gene she called BRCA1. Dr. King also shared the story of a woman who participated in one of her projects, “She said, ‘My mother died of breast cancer when I was 14. She missed my high school graduation. She missed the decisions about my going to college. She missed my college graduation. She missed my marriage. She missed the birth of her granddaughter. When I learned that it was possible to have testing to learn if I was predisposed to breast cancer, I was tested right away. I have a mutation in BRCA 1, that surely is what killed her. As soon as I was old enough, I had the same surgery that Angelina Jolie had, and I am now fine. My daughter graduates from high school this June, and I will be there. Just thought, you want to know.’ We owe it to her to bring the NIH back to health. So, thanks very much for what you’re doing.”
    “We study immune diseases, particularly autoimmune diseases and allergies. [Autoimmune diseases] affect 25 to 50 million Americans. [Allergies] affect 25% of Americans, in fact two kids in every classroom. And we’re funded 70% by the National Institute of Health, and that work you know, that supports fundamentally understanding these diseases and also clinical trials to test the next new therapy. As well as ways to prevent ever getting a disease like type one diabetes. We want kids never to have to face using insulin every day…I do this because I’m also a physician and a rheumatologist, so I care for people with arthritis, and I’ve been doing that for 30 years. And for the first 10 years of my career, we didn’t have much for my patients and our waiting rooms were filled with wheelchairs. You had to reorganize furniture for our patients. And then drugs called biologics were discovered—in fact, one of the first ones came from the Seattle area—and literally, patients got out of wheelchairs and walked in a week. That research started 30 years before, and that was funded by NIH research, and it would have actually never become a product if those studies hadn’t been done. Today, I still see patients with rheumatoid arthritis, and they’re doing so much better. We don’t have wheelchairs in our waiting rooms anymore,” said Dr. Jane Hoyt Buckner, M.D., President of Benaroya Research Institute. “You may not know you need the cure that is going to be discovered through this research, but in 10 years you may, or your family member may, and by not funding the NIH, some of those cures won’t be there in 10 years. And I also think some of our young people who are trying to choose a career in science are going to be turned away. And it’s only been 100 days, but the chaos that’s been created in that 100 days is already impacting people. We see it now, people choosing not to go to graduate school, people choosing alternative careers, scientists thinking I should move out of the United States. And I can also say I’m fortunate to work very closely with many people at the NIH, particularly on clinical trials trying to cure diseases of the immune system, and they are struggling to continue to do that work. They’re understaffed, they aren’t able to get things out, and they don’t know what’s going to happen next. I know they’re really looking to Congress to help us find a way out of this.”
    “Unstable funding from the NIH for biomedical research will have long-lasting, devastating impacts. Early career scientists like myself will be forced to go abroad to continue our training, patients will unnecessarily suffer or die from the diseases that this research could cure, and the United States will cede its position as the global leader in biomedical research,” said Kristin Weinstein, PhD candidate at UW School of Medicine. “I am holding onto the hope that the American public and its leadership will recognize the vital importance of biomedical research, reinstate federal funding for this work, and support our hard-working scientists. At the end of the day, I just want to be in the lab doing what I love most: Making scientific discoveries that will lead to cures for diseases like cancer and autoimmunity.”
    Trump and Elon Musk’s DOGE have terminated nearly 800 NIH grants across the country, cutting off more than $1.1 billion in essential research and trials and continue to terminate more grants every week. So far this year, he has slow walked roughly $2 billion in vital NIH funding that should be going out the door to fund the research that might discover the next treatment or cure that will change—or save—a patient’s life.  
    These grant terminations are a result of the Trump Administration’s Executive Orders against whatever it deems DEI and targeted attacks on specific academic research institutions, which are disrupting landmark diabetes research, targeting promising mRNA vaccines, and spreading vaccine hesitancy amidst a measles outbreak. A full list of HHS grant terminations can be found here. To date, NIH grant terminations include: 
    Grants that fund research on HIV prevention, breast cancer, uterine cancer, stroke risk, cardiac health, suicide prevention, smoking cessation, eating disorders, COVID-19, pain, alcohol use disorder, depression, violence prevention in children, pregnancy health disparities, diabetes and obesity, and Alzheimer’s disease; 
    More than 270 grants totaling at least $125 million for research focused on improving the health of LGBTQ Americans; 
    Stop work orders for all NIH training grants that support diverse undergraduate and graduate students and early career scientists, including the Undergraduate Research Training Initiative for Student Enhancement (U-RISE), the Maximizing Opportunities for Scientific and Academic Independent Careers (MOSAIC), and F31 Diversity training programs. 
    The Trump Administration’s actions, including directly terminating early career training programs funded by NIH, are devastating the pipeline of early career researchers and threatening the next generation of breakthroughs, treatments, and cures. On March 31st, an open letter signed by nearly 2,000 of the country’s top scientists including a number of Nobel Prize winners urged the Administration to stop its wholesale assault on U.S. science, which is decimating research, driving scientists to leave the country and putting America at risk of losing a generation of scientists. 
    Trump has illegally sought to cut billions in funding for universities to conduct this vital research by illegally capping the indirect cost rate in direct violation of bipartisan appropriations law—a federal judge has issued a nationwide injunction against the cap on indirect costs, but the Trump administration is appealing the ruling. The uncertainty around NIH’s indirect cost rate policy has led universities and research institutions around the country to implement hiring freezes, rescind graduate student admissions offers, and shutter entire graduate school programs. 
    President Trump has pushed out nearly 5,000 NIH employees and 4,000 FDA employees—decimating the very work responsible for discovering lifechanging treatments and cures and ensuring they can safely get to market. He also reportedly plans to propose to nearly halve NIH’s budget.
    Senator Murray has been leading the charge against the Trump administration’s efforts to gut lifesaving research at NIH and pushed out nearly 5,000 NIH skilled scientists, grants administrators, and other employees at the agency. When the Trump administration attempted to illegally cap indirect cost rates at 15 percent, Senator Murray immediately and forcefully condemned the move, led the entire Senate Democratic caucus in a letter decrying the proposed change, and introduced amendments to Senate Republicans’ budget resolution to reverse it, which Republicans blocked.
    As a longtime appropriator and former Chair of the Senate HELP Committee, Murray has led Congressional efforts to boost biomedical research. Previously, over her years as Chair of the Labor-HHS Appropriations Subcommittee, Senator Murray secured billions of dollars in increases for biomedical research at NIH, and during her time as Chair of the HELP Committee she established the new ARPA-H research agency as part of her PREVENT Pandemics Act to advance some of the most cutting-edge research in the field. Senator Murray was also the lead Democratic negotiator of the bipartisan 21st Century Cures Act, which delivered a major federal investment to boost NIH research, among many other investments. 

    MIL OSI USA News –

  • MIL-OSI USA: Hoyer Statement on Trump’s Irresponsible Budget Plan

    Source: United States House of Representatives – Congressman Steny H Hoyer (MD-05)

    WASHINGTON, DC – Today, Congressman Steny H. Hoyer (MD-05), Ranking Member of the House Appropriations Financial Services and General Government Subcommittee, issued the following statement on the Trump Administration’s budget request for Fiscal Year 2026:

    “Trump’s budget represents the interests of the wealthy few instead of the many American workers, families, and small businesses just trying to stay afloat.

    “His proposal cuts nearly a quarter of all non-defense discretionary spending. It terminates programs that help struggling families keep the lights on, keep food on the table, and keep a roof over their heads. The budget puts our nation’s children at risk, eliminating preschool development grants and slashing funding for maternal and child health programs. 

    “This disastrous budget would undermine America’s health and competitiveness for generations. Trump wants to cut the budget of the National Institutes of Health and the Centers for Disease Control and Prevention in half. These are the agencies that help identify, treat, and even cure life-threatening diseases and protect Americans from pandemics. He also intends to cut a quarter of the National Oceanic and Atmospheric Administration’s budget. That will jeopardize early warning systems that help American communities withstand natural disasters, which are becoming more frequent and more dangerous. 

    “While putting up more obstacles for the American people, Trump’s budget makes it easier for the wealthiest individuals and big corporations to get even further ahead. It cuts the Internal Revenue Service’s budget by a fifth. The IRS has been desperately underfunded and understaffed for decades. Slashing its funding further will make it even harder for the agency to go after wealthy tax cheats who try to get out of paying their fair share. Ultimately, hardworking Americans who dutifully pay their taxes are forced to bear the cost of this loss in revenue.

    “How we spend our money reflects our values. Once again, Trump proves he does not care for the American people – only himself.”

    MIL OSI USA News –

  • MIL-OSI USA: Warner, Cramer Reintroduce Bipartisan Bill to Authorize Remote Online Notarizations Nationwide

    US Senate News:

    Source: United States Senator for Commonwealth of Virginia Mark R Warner
    WASHINGTON – Despite significant advancements in digital technology, remote notarization has yet to be fully deployed and accepted on an interstate basis. While nearly every state allows for remote electronic notarization, regulations and recognition vary between states.
    U.S. Sens. Mark R. Warner (D-VA) and Kevin Cramer (R-ND) introduced their bipartisan Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act. This bill would permit the nationwide use of Remote Online Notarizations (RON), enabling notaries and signers to complete the process from different physical locations. It authorizes every notary in the United States to perform RON and provides certainty for interstate recognition of RON. The SECURE Notarization Act requires tamper-evident technology and fraud prevention measures through the use of multifactor authentication.
    “It’s time to finally bring the notarization process into the 21st century,” said Sen. Warner. “Remote notarizations have proven to be a safe and convenient way for individuals to complete essential services such as executing wills, completing financial documents, and buying or selling a home online. This legislation would continue to modernize this system by permitting nationwide use of Remote Online Notarization to complete important documents.”
    “We’ve made a lot of progress toward much more widespread use of online notarizations in the past few years, particularly through the pandemic,” said Sen. Cramer. “But this patchwork of state regulations really leaves consumers without consistent access to some notary services. Quite honestly, I think it violates, certainly, the spirit of interstate commerce. Our bill simply makes sure online notarizations are valid across [state] lines and allow every notary to perform them, and perform them in a very secure way.”
    The SECURE Notarization Act will complement state regulations, including those in North Dakota, which already allow for remote notarizations.
    The bill is endorsed by American Land Title Association (ALTA), Mortgage Bankers Association (MBA), National Association of REALTORS (NAR), and American Council of Life Insurers (ACLI).
    “Senators Cramer and Warner have been longstanding champions in recognizing the clear benefits of extending RON access to all Americans and leading this bipartisan legislation, which offers a safe and secure path to remotely close real estate and mortgage transactions,” said Diane Tomb, CEO of ALTA. “By passing the SECURE Notarization Act, Congress will embrace a proven innovation and modernize the notarization process with a secure system that meets consumer needs and expectations, including those of our military heroes overseas, the elderly, and homebuyers seeking convenience.”
    “The SECURE Notarization Act would make the mortgage closing process more convenient for consumers by creating federal minimum standards to allow notaries in all states to perform remote online notarization (RON) transactions,” said Bill Killmer, Senior Vice President of Legislative and Political Affairs at MBA. “MBA appreciates Senator Cramer and Warner’s commitment to enable nationwide use of RON technology. Their continued diligence and hard work on this critical issue will greatly simplify and improve mortgage transactions for all borrowers.”
    “The National Association of REALTORS applauds Senators Cramer and Warner for reintroducing the SECURE Notarization Act,” said Shannon McGhan, EVP & Chief Advocacy Officer for the National Association of REALTORS. “This commonsense, bipartisan bill will modernize an essential part of real estate transactions by allowing nationwide use of secure, remote online notarization. Reliable, accessible notarized records are the bedrock of real estate, and this technology ensures Americans can continue to buy, sell, and finance property with confidence in today’s digital age.”
    “Senators Cramer and Warner understand that families need practical, modern tools to plan for their financial futures,” said David Chavern, President and CEO of the ACLI. “During COVID, life insurers demonstrated how well remote online notarization works for consumers. Allowing its use nationwide is a smart, commonsense step to bring the notarization process into the 21st century.”

    MIL OSI USA News –

  • MIL-OSI: Subsea7 awarded ‘super-major’ contract offshore Brazil

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 2 May 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a super-major contract1 by Petrobras, after winning a competitive tender, for the development of the Búzios 11 field located approximately 180 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,000 metres water depth in the pre-salt Santos basin.

    The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning of 112km rigid risers and flowlines system. 

    Project management and engineering will commence immediately at Subsea7’s offices in Rio de Janeiro, Suresness and Sutton; Fabrication of the pipelines will take place at Subsea7’s spoolbase in Brazil, and Offshore activities are scheduled for 2027 and 2028.

    Yann Cottart, Senior Vice-President Brazil and Global Projects Centre West said: 

    “This award again underscores Subsea7’s proven expertise in delivering complex, world-scale size projects, reinforcing our strong execution capabilities and commitment to operational excellence and safety. With a solid backlog and a diverse portfolio, we continue to drive value for our shareholders while further contributing to Brazil’s development. We thank Petrobras for their trust and look forward to once again playing a significant role in the success of the Búzios field.” 

    1. Subsea7 defines a super-major contract as being over $1.25 billion.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.
    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    Contact for media enquiries:
    Elisa Magalhães
    Marketing & External Communications Manager
    Tel +55 21 3370-6629
    elisa.magalhaes@subsea7.com
    www.subsea7.com

    Forward-Looking Statements: This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Attachment

    The MIL Network –

  • MIL-OSI Asia-Pac: Pan-Indian Cinema is Not a Myth; Film Industry Veterans Emphasize Unity in Indian Cinema

    Source: Government of India

    Pan-Indian Cinema is Not a Myth; Film Industry Veterans Emphasize Unity in Indian Cinema

    Anupam Kher Highlights Shifting Cinema Consumption Trends Post-COVID

    When you honour our shared heritage, our songs, our stories, our soil, your film becomes Indian cinema: Khushboo Sundar

    Posted On: 02 MAY 2025 5:57PM by PIB Mumbai

    Mumbai, 2 May 2025

     

    The World Audio Visual and Entertainment Summit, WAVES 2025, being held at the Jio World Centre, Mumbai, hosted an inspiring panel discussion titled “Pan-Indian Cinema: Myth or Momentum.” Moderated by Sh. Naman Ramachandran, the session brought together four distinguished personalities from the Indian film industry, Sh. Nagarjuna, Sh. Anupam Kher, Sh. Karthi, and Ms. Khushboo Sundar, for an engaging conversation.

    Ms. Khushboo Sundar reminded the audience that cinema’s power lies in its emotional resonance. She emphasized that there should be no perceived divide between Bollywood and regional film industries, as Indian films are created with the intent of resonating with all Indians. “When you honour our shared heritage, our songs, our stories, our soil, your film stops being regional or national, it becomes Indian cinema and that is what makes everything fall into place,” she observed.

    Sh. Nagarjuna echoed this sentiment by celebrating the rich cultural tapestry that weaves together India’s filmmaking traditions. He spoke of the myriad languages, customs and landscapes that inspire storytellers, and he reminded attendees that pride in one’s roots does not constrain creativity, it liberates it and that is the true essence of Indian cinema.

    Sh. Anupam Kher spoke about how COVID-19 pandemic changed the behavior of cinema consumption. He recounted how audiences started consuming films from different sources and it is not about cinema from different regions, but cinema from India alone. He also stressed about one must be true and honest in their craftsmanship, “Whether you are broadcasting a mythic saga on the big screen or streaming a slice-of-life drama, honesty in storytelling is your greatest ally. Audiences may crave spectacle, but they will always applaud sincerity and that is what works in films.”

    Further adding to this, Sh. Karthi reflected on the enduring appetite for larger-than-life experiences. He expressed that while audiences today have access to diverse content, they still flock to theatres for the magic of song-and-dance extravaganzas and heroic epics.

    Throughout the discussion, the panelists spoke about the importance of evolving beyond the notion of “regional” films and embracing the idea of Indian films. They emphasized on the importance of emotions, sincerity and that Indian cinema’s true strength lies not in divisions, but in unity, rooted in our soil, and it is that momentum that will carry Indian cinema forward.

     

    For official updates on realtime, please follow us: 

    On X : 

    https://x.com/WAVESummitIndia

    https://x.com/MIB_India

    https://x.com/PIB_India

    https://x.com/PIBmumbai

    On Instagram: 

    https://www.instagram.com/wavesummitindia

    https://www.instagram.com/mib_india

    https://www.instagram.com/pibindia

     

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Yoga Sangam embodies global solidarity for health — a powerful movement uniting humanity through Yoga and beyond: Shri Prataprao Jadhav

    Source: Government of India

    Yoga Sangam embodies global solidarity for health — a powerful movement uniting humanity through Yoga and beyond: Shri Prataprao Jadhav

    Yoga Sangam Portal Launched

    Nashik celebrates Grand Yoga Mahotsav, more than 6000 practice common yoga protocol in unison

    Posted On: 02 MAY 2025 12:51PM by PIB Mumbai

    Nashik/Mumbai, 2 May 2025

     

    Nashik, the land of Mahakumbh, witnessed a grand celebration of Yoga as over 6000 enthusiasts came together to mark the 50-day countdown to the International Day of Yoga (IDY) 2025 at the Yoga Mahotsav organised by Morarji Desai National Institute of Yoga (MDNIY), Ministry of Ayush. Held at the spiritually significant Gauri Maidan in Panchavati, the event not only celebrated India’s rich Yoga tradition but also marked the launch of the Yoga Sangam Portal — a digital platform for online registration towards facilitating the synchronized nationwide celebration of IDY 2025 on 21st June at more than 1,00,000 locations across India.

    The programme was inaugurated by Shri Prataprao Jadhav, Union Minister of State (Independent Charge), Ministry of Ayush, and Minister of State for Health & Family Welfare. Addressing the gathering, the Union Minister emphasised the importance of Yoga and said that, “Nashik is a sacred city blessed by the presence of great souls, and visiting it filled me with pride and joy. Yoga, once an integral part of Indian tradition, is now flourishing within the international community.”

    He further added that the Government of India is leaving no stone unturned to make IDY a success and stated, “Thanks to the tireless efforts of the Prime Minister Shri Narendra Modi, today, Yoga forms the foundation of life for millions around the world. As part of efforts to take its benefits to every individual, the International Day of Yoga 2025 is being celebrated as a decade-long global festival.”

    While launching the Yoga Sangam Portal, he said, “Today, on Nashik’s sacred soil, we’ve launched the ‘Yoga Sangam Portal’ for online registration, marking a significant step towards International Day of Yoga 2025. Yoga Sangam embodies global solidarity for health, and through initiatives like these, International Day of Yoga is becoming a powerful global movement that unites humanity, promoting Yoga and beyond.”

    “Morarji Desai National Institute of Yoga and the Ministry of Ayush deserve heartfelt congratulations for their contributions to this decade-long journey of Yoga.” ” he added.

    It is to be noted that Yoga Sangam, one of the ten Signature Events of the International Day of Yoga (IDY) 2025, is a groundbreaking initiative unfolding a decentralised, yet synchronised mass Yoga performance at 1,00,000 locations across India. It will take place on 21st June 2025, the International Day of Yoga. This event will weave a harmonious tapestry of well-being nationwide, as hundreds of thousands of individuals unite under Yoga’s enabling shield. The sheer scale of participation in the event will create a powerful ripple effect of positive energy nationwide.

    Yog Mahostav at Nashik also witnessed the esteemed presence of  Shri Bhaskar Murlidhar Bhagare, Member of Parliament, Lok Sabha, Nashik; Smt. Devyani Suhas Pharande, MLA, Nashik Central; Smt. Seema Hiray, MLA, Nashik West;  Shri Rahul Uttamrao Dhikale, MLA, Nashik East; Lieutenant General Dr. Madhuri Kanitkar, Vice Chancellor of Maharashtra University of Health Sciences (MUHS); Dr. Vishwas Mandlik, Head, Yoga Vidya Gurukul, Nashik; and Ms. Monalisa Dash, Joint Secretary, Ministry of Ayush as distinguished guests.

    Ms. Monalisa Das, Joint Secretary at the Ministry of Ayush, delivered the welcome address at the event. While extending her greetings to all the distinguished guests, she remarked that “Vasudhaiva Kutumbakam” — the world is one family — is one of India’s greatest guiding principles and a true symbol of global brotherhood and harmony.”

    A special emphasis was laid on the Common Yoga Protocol during today’s Yoga Mahotsav. Developed with inputs from leading Yoga experts, the CYP is designed to help individuals integrate day-to-day Yoga practices such as Pranayama and Dhyana into their lives enhancing flexibility, strength, balance, and overall harmony. The Government of India’s Yoga Portal serves as a valuable platform encouraging citizens to embrace, practice, and enjoy Yoga daily.

    Following the addresses, demonstrators from the Morarji Desai National Institute of Yoga, led by Dr. Kashinath Samagandi, Director, MDNIY, performed a live demonstration of the Common Yoga Protocol. The session saw the active participation of more than 6000 Yoga enthusiasts, creating a vibrant atmosphere of collective energy and discipline. The event was streamed live across various social media platforms of the Ministry of Ayush, MDNIY, and other prominent Yoga institutions.

    The Yoga Mahotsav at Nashik marks a significant step in the run-up to IDY-2025, reaffirming the Government of India’s commitment to promoting holistic health, wellness, and environmental sustainability through Yoga.

    Before this, MDNIY and the Ministry of Ayush had organised a Yoga Mahotsav on March 13, 2025, at Vigyan Bhawan, New Delhi, marking the 100-day countdown to IDY-2025. Similarly, a grand event was organised on April 7, 2025, on the occasion of the 75-day countdown at Kalinga Stadium, Bhubaneswar.

    10 unique signature events to guide events to the International Day of Yoga 2025. This year, IDY activities will revolve around 10 unique signature events to mark the 11th edition of the global event, which makes it the most expansive and inclusive:

    • Yoga Sangam – A synchronised Yoga demonstration at 1,00,000 locations.
    • Yoga Bandhan – Global partnerships with 10 countries to host Yoga sessions at iconic landmarks.
    • Yoga Parks– Development of 1,000 Yoga Parks for long-term community engagement.
    • Yoga Samavesh – Special Yoga programs for Divyangjan, senior citizens, children, and marginalised groups.
    • Yoga Prabhav – A decadal impact assessment on Yoga’s role in public health.
    • Yoga Connect – A Virtual Global Yoga Summit featuring renowned Yoga experts and healthcare professionals.
    • Harit Yoga – A sustainability-driven initiative combining Yoga with tree planting and clean-up drives.
    • Yoga Unplugged- An event to attract young people to Yoga.
    • Yoga Maha Kumbh – A week-long festival across 10 locations, culminating in a central celebration led by the Prime Minister.
    • SamYogam – A 100-day initiative integrating Yoga with modern healthcare for holistic wellness.

    Yoga Sangam Portal can be accessed through the following link: https://yoga.ayush.gov.in/yoga-sangam

     

    Annexure

    The International Day of Yoga (IDY) has become a global wellness movement, uniting millions across countries. Here’s a brief look at its key milestones:

    • IDY 2015 – New Delhi: The first IDY at Rajpath saw 35,985 participants, setting two Guinness World Records.
    • IDY 2016 – Chandigarh: 30,000+ participants gathered at the Capitol Complex, including 150 Divyangjan performing Yoga Protocol for the first time. The Prime Minister emphasised Yoga’s role in treating ailments like diabetes.
    • IDY 2017 – Lucknow: 51,000 participants joined at Ramabai Ambedkar Maidan, with Yoga highlighted as affordable ‘health insurance’.
    • IDY 2018 – Dehradun: 50,000+ participants at Forest Research Institute, with the theme “Yoga for Public Health”. ISRO launched the BHUVAN-Yoga and Yoga Locator apps.
    • IDY 2019 – Ranchi: Focused on ‘Yoga for Heart Care’, with eco-friendly Yoga accessories benefiting Khadi artisans.
    • IDY 2020 – Virtual: Amid the pandemic, 12.06 crore people joined online. The “My Life, My Yoga” contest attracted entries from 130 countries.
    • IDY 2021 – Virtual: Themed “Yoga for Wellness”, reaching 496.1 million people globally. Iconic celebrations occurred at Times Square, the Eiffel Tower, and Tokyo Skytree.
    • IDY 2022 – Mysuru: 15,000 participants at Mysore Palace, with a ‘Guardian Ring’ global Yoga relay and VR-powered digital exhibition.
    • IDY 2023 – Jabalpur & UN HQ, New York: With 23.44 crore participants, this IDY set two Guinness World Records, including the most significant Yoga session (1.53 lakh participants in Surat). The ‘Ocean Ring of Yoga’ covered 35,000 km.
    • IDY 2024 – Srinagar: Held at SKICC, Srinagar, with 7,000 participants braving the rain. The ‘Yoga for Space’ initiative saw ISRO scientists join in. A Guinness World Record was set in Uttar Pradesh, with 25.93 lakh people pledging to Yoga. 24.53 crore global participants marked this as a historic celebration.

     

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    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Lakeland Man Sentenced To Federal Prison For $370,000 COVID Relief Fraud Scheme

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

    Tampa, FL – U.S. District Judge Mary S. Scriven has sentenced Jeanty Cherilus (54, Lakeland) to one year and six months in federal prison for wire fraud. As part of his sentence, the court also entered an order of forfeiture in the amount of $370,000, the proceeds of Cherilus’s criminal conduct. Cherilus pleaded guilty on January 22, 2025.

    According to court documents, Cherilus was an owner of Natransusa Corporation (“NATRANS”), a business that advertised to provide automobile salvage and transportation services. Cherilus, through NATRANS, submitted applications to obtain federal Paycheck Protection Program (“PPP”) loans and an Economic Injury Disaster Loan (“EIDL”) to which Cherilus and NATRANS were not entitled. The loan applications had materially false and fraudulent representations, including an inflated number of employees and average payroll, and certifications that the loan proceeds would be used for business-related purposes. Cherilus also included fraudulent supporting documentation to induce the Small Business Administration and an approved lender to fund the loans. After receiving the PPP and EIDL funds, Cherilus used the money for purposes other than what was approved by the terms of the loan and for his own personal enrichment.

    “USAID OIG will continue its aggressive pursuit of accountability for bad actors that exploit and abuse federal assistance programs, domestically or overseas,” said Acting Assistant Inspector General for Investigations Sean Bottary. “As part of the Pandemic Response Accountability Committee Task Force, we are proud to partner with the Department of Justice on this and other ongoing cases. As part of the Pandemic Response Accountability Committee Task Force, this investigation was conducted by USAID OIG after identifying the fraudulent loan scheme through a USAID-related programming matter.”

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud Hotline at 866-720-5721 or via the NCDF Web Complaint Form.

    This case was investigated by the U.S. Agency for International Development-Office of Inspector General and the Pandemic Response Accountability Committee Task Force. It was prosecuted by Assistant United States Attorney Greg Pizzo.

    MIL Security OSI –

  • MIL-OSI Russia: IMF Executive Board Approves FY2026–FY2028 Medium-Term Budget

    Source: IMF – News in Russian

    May 2, 2025

    Washington, DC—On April 18, the Executive Board of the International Monetary Fund (IMF) approved the 2026-28 financial years (FY26-28) medium-term budget. While proving resilient in the post-pandemic period, the global economy is at a pivotal juncture amidst transformations in the economic landscape and shifting policy priorities around the world. Reflecting this complex economic backdrop, member countries continue to look to the IMF for support across the range of its operations.

    While the issues that the Fund has been called on to address have become increasingly complex over the years, the Fund’s budget is roughly the same in real terms as it was two decades ago, reflecting the Fund’s longstanding emphasis on budget discipline. In the current context, budget management remains challenging given elevated demands and high budget execution rates, requiring difficult tradeoffs. In this context, the Board emphasized the importance of continued prudent stewardship of members’ resources and continued reprioritization to ensure that the Fund can keep responding with agility to the needs of its membership.

    The approved net administrative budget for FY26 (May 1, 2025–April 30, 2026) totals US$1,551.7 million, consistent with projected income and the path for the precautionary balances target. The maximum amount of unused budget resources that can be carried forward from previous years will be reduced from 5 to 4 percent in FY26, with this level expected to decline further to 3 percent in FY27.

    The FY26 capital budget is set at US$132.5 million and will support both facilities-related needs and IT-intensive investments, supporting end-of-life facilities replacements, field office support, ongoing IT-intensive modernization and legacy replacements, as well as investment in Artificial Intelligence and in the Fund’s cyber-security posture.

    Additional information can be found in the staff paper on the FY26-28 Medium-Term Budget.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

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

    https://www.imf.org/en/News/Articles/2025/05/02/pr-25127-imf-executive-board-approves-fy2026-fy2028-medium-term-budget

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Hoyer Statement on April Jobs Report

    Source: United States House of Representatives – Congressman Steny H Hoyer (MD-05)

    WASHINGTON, DC – Congressman Steny H. Hoyer (MD-05) released the following statement today on the April jobs report: 

    “While April saw modest job growth, with 177,000 jobs added last month and the unemployment rate holding around 4.2% – other key indicators reveal just how precarious this moment is for the American economy. This week, we learned that for the first time since the end of the pandemic, the American economy shrank over the past three months. Costs continue to go up, the stock market continues to fall, and Americans’ confidence in their economy continues to erode with no end in sight.

    “Trump has taken a chainsaw to the American economy, just as he has to vital services the American people use every day. His erratic, incoherent flip-flopping on tariffs have made our markets as volatile as his temper. Americans should not have to pay the price for this administration’s incompetence, but they will continue to until Trump puts his economic ‘agenda’ where it belongs: the trash.”

    MIL OSI USA News –

  • MIL-OSI Security: Northwest Arkansas Business Owners Plead Guilty to Scheme to Defraud Pandemic Relief Loan Programs

    Source: Federal Bureau of Investigation (FBI) State Crime News

    FAYETTEVILLE —A Florida couple, formerly of Northwest Arkansas, pleaded guilty Monday to defrauding Pandemic Relief Loan Programs. U.S. District Judge Timothy L. Brooks presided over the plea hearing, in which Fawaad Welch, age 41, and Julia Youngblood, age 41, both waived indictment and pleaded guilty to a criminal information.  Welch pled to wire fraud and Youngblood pled to misprision of a felony related to the scheme.

    According to court documents and statements made in court, between May of 2020 through October of 2021, Welch and Youngblood applied for Pandemic Relief Loan Programs through their Arkansas business, Slipstream Creative, LLC, which was a Northwest Arkansas advertising and marketing company located in Fayetteville, Arkansas.

    Throughout the applications, Welch provided the lenders with false statements regarding their assets and liabilities and the intended use of funds received through the SBA7(a), Economic Injury Disaster Loan and Main Street Loan Programs.  Youngblood them signed those application on behalf of the business.   According to the information filed by the Government, after receiving the loan funds, Welch then diverted large parts of the loan proceeds for the personal benefit of the couple.  For example, in the applications submitted for these loans, the couple failed to disclose material information such as tax liabilities and the fact that they were receiving loans from the other loan programs.  Also, within months of receiving $1.5 million in “working capital” Economic Injury Disaster Loan funds in October 2021, Welch transferred $1.3 million of that loan to the couple’s personal bank account.  The couple then purchased a home in Florida using $445,000 of those Government program loan funds.  

    According to the plea agreement entered into by Welch, after being asked by Generations Bank officials if Welch and Youngblood take salaries and informed that “the Fed restricts changes to your salaries with the [Main Street Loan Program] and doesn’t allow distributions, Welch replied, “Yes sir we do at 10k a month so all is good there.  5k a piece.”  After receiving the $3 million in program funds, within a month Welch had transferred $950,000 in Main Street Loan Program funds out of the business and to himself. 

    In the plea agreements with the Government, the couple agrees that pursuant to this scheme, they should be held accountable for more than $3.5 million but less than $9.0 million in intended loss.

    Following the preparation of a presentence investigation report by the U.S. Probation Office, Welch and Youngblood will be scheduled to be sentenced at a later date. Welch faces a maximum penalty of twenty (20) years in prison, and Youngblood faces a maximum penalty of three (3) years in prison.  Both individuals will also be assessed a period of supervised release, monetary penalties, and restitution. U.S. District Judge Timothy L. Brooks will determine the couple’s sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    United States Attorney David Clay Fowlkes announced the change of plea hearings.

    The Federal Bureau of Investigation, Office of Inspector General for the Board of Governors of the Federal Reserve System and Consumer Financial Protection Bureau, and the Special Inspector General for Pandemic Relief investigated the case.

    U. S. Attorney David Clay Fowlkes and Assistant U.S. Attorney Ben Wulff are prosecuting the case for the United States.

    The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the Paycheck Protection Program (PPP). Since the inception of the CARES Act, the Fraud Section has prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at

    Justice.gov/OPA/pr/justice-department-takes-action-against-covid-19-fraud.

    Related court documents may be found on the Public Access to Electronic Records website at www.pacer.gov.

    MIL Security OSI –