Category: Politics

  • MIL-OSI USA: Q&A: Courts, Congress and the Constitution

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    Q: What are “universal injunctions?”

    A: An injunction is a court order requiring someone to do or stop doing a specific action. Temporary restraining orders (TRO) are similar to injunctions but are short term, unappealable orders from the court directing someone to take or not take some action until the court can review more fully. Historically, injunctions and TROs were limited to the parties before the court. But in recent years, we’ve seen an eruption of court orders that apply far beyond the parties directly before the court — sometimes even the entire country. These universal injunctions, commonly referred to as “nationwide” injunctions, are an unconstitutional abuse of judicial power because they exceed Article III’s limitation whereby the judiciary may only resolve “cases” or “controversies” before the court.

    President Trump’s return to the White House has hit Washington like a hurricane. He’s keeping promises he made during the election that won a historic, decisive comeback victory. And yet, the lower courts are undermining the president’s work on behalf of the American people: the surge of universal injunctions are unilaterally derailing public policies being implemented by the executive branch.

    Universal injunctions have been used disproportionately to stop President Trump’s agenda, in both his first and second terms. Over two-thirds of all universal injunctions issued over the past 25 years were levied against the first Trump administration. And in the first 100 days of Trump’s second term, the lower courts have issued more universal injunctions than President Biden faced in four years. Among the numerous Justices who have voiced concern, Supreme Court Justice Elena Kagan has voiced disapproval of this precedent-breaking legal phenomenon, whereby individual district court judges are blocking federal government policies nationwide. It sidesteps the process of representative government by short-circuiting the implementation of policies made by elected leaders. Instead, it emboldens unelected judges who are sitting on the federal bench with lifetime appointments to make policy. Judges aren’t policymakers – that’s Congress’ job. And it’s the president’s job to execute laws. President Trump is carrying out the promises he made on the campaign trail. His opponents are misusing the lower courts to blunt the constitutional authority vested in the president.

    Q: Does Congress have the authority to rein in the lower courts?

    A: The founders enshrined the separation of powers in the Constitution and ensured one branch would not supersede the authority of the others by establishing our system of checks and balances. For example, Article III, Section 1 of the Constitution ordains Congress as the sole creator and organizer of the lower courts. The Judiciary Act of 1789 established the three-tiered hierarchy of the federal judiciary. So, the answer is yes, Congress has a constitutional responsibility to require the federal judiciary to stay in its constitutional lane.

    The recent spate of universal injunctions tells me things have gotten out of whack. The orders being handed down from district court judges undermine the authority of the executive branch and overstep the authority of the lower courts. These rapid decisions also place undue stress on the judicial system by inserting political calculation into the selection of the judges and the resolution of legal disputes. Put more simply, litigants are judge-shopping and forum-shopping for a particular outcome. The judicial process is supposed to involve careful and deliberative review. Instead, it’s being used as an expedited means to a political end. Article III of the Constitution tasks the judicial branch with settling “cases” and “controversies.” Judges are meant to only resolve the dispute before them. So, it’s imperative to rein in this unconstitutional overreach once and for all. The Supreme Court could fix this problem. If it won’t, Congress must.

    As chairman of the Senate Judiciary Committee, I’m urging lawmakers on both sides of the aisle to join me to put a check on this breach of authority. I convened a hearing to examine the bipartisan problem of universal injunctions and legislative solutions to fix it. After all, both Republicans and Democrats have cheered or criticized the policy implications from universal injunctions, including this senator. Now, we should all band together to fix the problem.

    I introduced the Judicial Relief Clarification Act to restore the constitutional role of lower courts by restraining their ability to issue universal injunctions. My bill would make temporary restraining orders against the government immediately appealable. The appellate process guarantees our judicial system retains its deliberative nature. What’s more, it would help prevent rash, biased decisions handed down in the heat of the political moment. It’s time to rein in unchecked authority from the lower courts that damages the separation of powers and undermines public confidence in the courts.

    MIL OSI USA News

  • MIL-OSI: First Federal Savings Bank Awards $27,500 in Funds to United Caring Services Through FHLBank Indianapolis Grant Program

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., April 04, 2025 (GLOBE NEWSWIRE) — First Federal Savings Bank, a member bank of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), awarded United Caring Services $27,500 in grant funds through the Community Multiplier – Member Match Program

    The $27,500 grant will support United Caring Services’ mission to help transition individuals out of homelessness and into permanent housing solutions.

    “We are proud to partner with United Caring Services in support of their vital mission to help individuals transition out of homelessness and into stable, permanent housing,” said Courtney Schmitt, VP, Marketing Manager at First Federal Savings Bank. “Through programs like Care Ride and essential assistance in obtaining Social Security, VA, and other benefits, United Caring Services provides a path forward for those in need. This partnership reflects our commitment to supporting long-term, sustainable solutions that strengthen lives and our community as a whole.”

    “This partnership with First Federal Savings Bank comes at a critical time when funds are needed to help get our guests to these vital services,” said Ryan Rigg, Executive Director of United Caring Services. “The majority of guests do not have transportation which is often a barrier to transition out of homelessness and this program will help us to overcome that barrier.”  

    The Community Multiplier – Member Match program is FHLBank Indianapolis’ newest program offering, designed to support targeted affordable housing initiatives that fall outside of FHLBank Indianapolis’ other grant programs.  Community Multiplier offers grants between $25,000 and $125,000 for non-profit organizations headquartered in Indiana or Michigan who partner with an FHLBank Indianapolis member financial institution on targeted affordable housing initiatives. With a 10% matching funds commitment from the member financial institution, FHLBank Indianapolis is providing grants between $25,000 and $125,000. The program opened March 27, 2025 with a $5 million allocation and is available until October 1, 2025, or until funds are exhausted.

    You’re Invited

    To celebrate this meaningful partnership, First Federal Savings Bank and United Caring Services will host a press conference and check presentation ceremony on Tuesday, April 8 at 2:00 PM CST at First Federal Savings Bank’s corporate headquarters located at 5001 Davis Lant Drive Evansville, IN 47715. We invite the members of the media, community partners, and the public to join us as we present a $27,500 contribution in support of United Caring Services’ mission to help individuals transition out of homelessness and into permanent housing solutions.

    About First Federal Savings Bank Member FDIC Equal Housing Lender

    First Federal Savings Bank was established on Evansville, Indiana’s Westside in 1904. A community bank offering eight locations in Posey, Vanderburgh, Warrick, and Henderson County. First Federal Savings Bank is also proud to offer Home Building Savings Bank locations in Daviess and Pike County.

    Federal Home Loan Bank of Indianapolis: Building Partnerships. Serving Communities.

    FHLBank Indianapolis is a regional bank included in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members’ customers. FHLBanks are privately capitalized and funded and receive no Congressional appropriations. FHLBank Indianapolis is owned by its Indiana and Michigan financial institution members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. For more information about FHLBank Indianapolis, visit www.fhlbi.com and follow the Bank on LinkedIn and X (formerly known as Twitter) at @FHLBankIndy.

    The MIL Network

  • MIL-OSI: Partners Value Split Corp. to Redeem Its Class AA Preferred Shares, Series 11

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 04, 2025 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”) announced today its intention to redeem all of its 6,000,000 outstanding Class AA Preferred Shares, Series 11 (“Preferred Shares, Series 11”) for cash on April 22, 2025 (the “Redemption Date”) in accordance with the terms of the Preferred Shares, Series 11.

    The redemption price per Preferred Share, Series 11 will be equal to C$25.00 per share plus accrued and unpaid dividends of C$0.17 per share to April 21, 2025, representing a total redemption price of C$25.17 per share (the “Redemption Price”).

    Notice has been delivered to holders of the Preferred Shares, Series 11 in accordance with the terms of the Preferred Shares, Series 11.

    From and after the Redemption Date, the Preferred Shares, Series 11 will cease to be entitled to dividends or any other participation in any distribution of the assets of the Company and the holders thereof shall not be entitled to exercise any of their rights as shareholders in respect thereof except to receive the Redemption Price (less any tax required to be deducted and withheld by the Company). After the redemption of the Preferred Shares, Series 11, the Company will consolidate the existing capital shares held by Partners Value Investments Inc. so that there are an equal number of preferred shares and capital shares outstanding.

    About Partners Value Split Corp.

    The Company owns a portfolio consisting of approximately 120 million Class A Limited Voting Shares of Brookfield Corporation and approximately 30 million Class A Limited Voting Shares of Brookfield Asset Management Ltd. (collectively, the “Brookfield Shares”) which are expected to yield quarterly dividends that are sufficient to fund quarterly fixed cumulative preferential dividends for the holders of the Company’s preferred shares and to enable the holders of the Company’s capital shares to participate in any capital appreciation of the Brookfield Shares.

    Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. Brookfield Corporation has three core businesses: alternative asset management, wealth solutions, and its operating businesses which are in renewable power, infrastructure, business and industrial services, and real estate. Brookfield Corporation is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BN.

    Brookfield Asset Management Ltd. is a leading global alternative asset manager, headquartered in New York, with approximately US$1 trillion of assets under management across renewable power & transition, infrastructure, private equity, real estate, and credit. Brookfield Asset Management Ltd.’s objective is to generate attractive, long-term risk-adjusted returns for the benefit of its clients and shareholders. Brookfield Asset Management Ltd. is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BAM.

    For further information, contact Investor Relations at 416-643-7621.

    This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and regulations. The words “expected”, “will”, “agreed” and “enable” and other expressions are predictions of or indicate future events, trends or prospects and do not relate to historical matters or identify forward-looking information. Forward-looking information in this news release includes statements with regard to the redemption of Class AA Preferred Shares, Series 11.

    Although the Company believes that the anticipated future results or achievements expressed or implied by the forward-looking information and statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on the forward-looking information and statements because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking information and statements.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward‐looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation and Brookfield Asset Management Ltd., the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchanges rates; limitations on the liquidity of our investments; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws; risks associated with the use of financial leverage; catastrophic events, such as earthquakes and hurricanes; the possible impact of international conflicts and other developments including terrorist acts; and other risks and factors detailed from time to time in the Company’s documents filed with the securities regulators in Canada.

    We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking information to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as may be required by law, the Company undertakes no obligation to publicly update or revise any forward-looking information or statements, whether written or oral, that may be as a result of new information, future events or otherwise. Reference should be made to the Company’s most recent Annual Information Form for a description of the major risk factors.

    The MIL Network

  • MIL-OSI USA: Governor Stein Announces Boards and Commissions Appointments and Nominations

    Source: US State of North Carolina

    Headline: Governor Stein Announces Boards and Commissions Appointments and Nominations

    Governor Stein Announces Boards and Commissions Appointments and Nominations
    lsaito

    Raleigh, NC

    Today, Governor Josh Stein announced Boards and Commissions appointments and nominations.

    Governor Stein has nominated the following to the Governor’s Crime Commission

    • The Honorable Erin S. Hucks of Union County as a Chief District Court Judge. Hucks is the Chief District Court Judge for Judicial District 30, where she created the Union County Family Drug Treatment Court and serves as a member of the Union County Juvenile Crime Prevention Council and the Union County Child Fatality Prevention Team.
    • Sheriff Bobby F. Kimbrough of Forsyth County in a Sheriff’s seat. Kimbrough has been serving as the Sheriff of Forsyth County since 2018. His career in law enforcement began in the Winston-Salem Police Department, where he served as a Police Officer and Arson Investigator. He also served as a Special Agent in the Drug Enforcement Administration in the US. Department of Justice
    • Nisha G. Williams of Durham County as a representative from a domestic or sexual assault program. Williams is the Legal Director of the North Carolina Coalition Against Domestic Violence. 

    Governor Stein has appointed the following to the Historic Hillsborough Commission:

    • Joseph (Joe) Petrizzi of Orange County as an At-large member. Petrizzi is the Vice President of the Chapel Hill Historical Society and serves as the Associate Director of Development of the Office of University Development at the University of North Carolina – Chapel Hill.
    • Laura Juel of Orange County as an At-large member. Juel is currently the Lead Clinical Evaluator of Rare Disease Research and is an Occupational Therapist at Duke University Medical Center. She is also an active member of the Association of Driver Rehabilitation Specialists. 

    Governor Stein has appointed the following to the North Carolina Board of Chiropractic Examiners

    • Dr. Kenneth Brown of Durham County as a Chiropractor. Brown has successfully owned and operated Back to Health Chiropractic Medical Center in Durham for over 25 years. Dr. Brown is an active member of the American Chiropractic Association, North Carolina Chiropractic Association, and a Lifetime Member of the American Black Chiropractic Association
    • Dr. Chad Robertson of Mecklenburg County as a Chiropractor. Robertson is the Co-Owner and Clinical Director of Queen City Chiropractic & Sports Performance and the Official Team Chiropractic Provider of the Charlotte Checkers Hockey Club. He is also a member of the National Athletic Training Association, the North Carolina Chiropractic Association, and the North Carolina Board of Chiropractic Examiners. 

    Governor Stein has appointed the following to the North Carolina Board of Transportation

    • Graham Bennett of Forsyth County as a Representative of NCDOT District 9. Bennett was previously the Chairman and CEO of the Quality Oil Company in Winston-Salem. He also serves on the Board of Directors for the Piedmont Triad Partnership and the Piedmont Triad Airport Authority.
    • Theresa (Tess) Judge of Dare County as a Representative of NCDOT District 1. Judge’s career has been dedicated to hospitality management and development. She serves on the Outer Banks Hospital Board of directors and is Vice Chair of the East Carolina University Health Foundation. 

    Governor Stein has appointed the following to the North Carolina College Foundation Incorporated Board of Trustees:

    • Shannon Trapp of Durham County as an At-large member. Trapp serves as the Chief of Staff at the Durham County Government. She also serves on the Leadership Triangle Alumni Board, the Museum of Life + Science Board of Directors, and the Durham Homeless Services Advisory Committee. Trapp is also a member of the International City/County Management Association, the National Forum for Black Public Administrators, and the National Association of Counties. 

    Governor Stein has appointed the following to the North Carolina Emergency Response Commission

    • Sheriff Willie Rowe of Wake County in a Sheriff’s seat. Rowe is a 30-year veteran of the Wake County Sheriff’s Office. He also serves on the Governor’s Crime Commission and the North Carolina Sheriff’s Association Legislative and Audit Committees and as a board member of the Wake County ABC Board, the Raleigh Inter-Church Housing Corporation, and the Foundation Board of the Fellowship Home of Raleigh.
    • Chief Robert Hassell of Nash County in a Chief of Police seat. Hassell currently serves as the Chief of Police at the City of Rocky Mount and is an Adjunct Instructor at the University of Mount Olive.

    Governor Stein has appointed the following to the North Carolina Local Governmental Employees’ Retirement System Board

    • Commissioner Shinica Thomas of Wake County in a County Commissioner seat. Thomas currently serves as Chair of the Wake County Board of Commissioners. Before Thomas was elected as Wake County Commissioner, she was the Director of Advocacy and Educational Partnership for the Girl Scouts North Carolina Coastal Pines. 

    Governor Stein has appointed the following to the North Carolina Military Affairs Commission

    • Raquel Painter of Onslow County as a retired servicemember residing near Camp Lejeune. Painter is a retired Marine Corps Sergeant with more than 26 years of military service. She is currently serving as the President/Chief Professional Officer for United Way of Onslow County. After retiring from the Marine Corps in 2016, Painter began working with Hope For The Warriors as its Community Development Manager and subsequently as the Director of Community Development.

    Governor Stein has appointed the following to the North Carolina Respiratory Care Board

    • Felita Livingston of Mecklenburg County as a public/at-large member. Livingston is a Professor of Management and Business Technologies at Sandhills Community College, where she also serves as an Academic Advisor and on the Student Success Committee.

    Governor Stein has appointed the following to the North Carolina State Board of Dental Examiners

    • The Honorable Teresa H. Vincent of Guilford County as an at-large member. Vincent previously served as the District Court Judge of the 24th Judicial District serving Guilford County and has approximately 31 years of experience in the legal profession. 

    Governor Stein has nominated the following to the North State Board of Education: 

    • Dr. Janet Mason of Rutherford County as a Representative from the 8th Educational District. Dr. Mason currently serves as the Town Manager of the Town of Forest City and previously served as the Superintendent of Rutherford County Schools. She also serves as Chair of the Rutherford County Schools Education Foundation Board.

    Governor Stein has appointed the following to the North Carolina Respiratory State Board of Examiners for Plumbing, Heating and Fire: 

    • Tommy Dean Rowland of Cleveland County as a Municipal Plumbing or Mechanical Inspector. Rowland serves as the Director of Building Inspections at the Town of Mooresville, a role he has served in since 2023. 

    Governor Stein has nominated the following to the North Carolina Utilities Commission: 

    • Michael Hawkins of Transylvania County as an at-large member. Hawkins currently works as a Business Officer in the Public Protection Section of the North Carolina Department of Justice. He is a former Transylvania County Commissioner. Hawkins also serves as a Trustee of Blue Ridge Community College, as a Board Member of the Transylvania Economic Alliance, and was a member of the Task Force for Racial Equity in Criminal Justice from 2020-2024. 

    Governor Stein has appointed the following to the North Carolina Veterans Affairs Commission

    • Louis D. Harvin-Ravin of Durham County as a representative of the 4th Congressional District. Harvin-Ravin serves as the Director of Veteran Services at the Curham County Department of Veterans Services. She also serves as the chair of the VA Greater Durham Community Veteran Engagement Board and as Vice President of the North Carolina Association of County Veteran Service Officers. Havin-Ravin served in the United States Army in multiple roles, finishing as a Non-commissioner Officer In-Charge of Security Plans and Operation.
    • The Honorable David Grier Martin III of Wake County as a representative of the 2nd Congressional District. Grier most recently served as the Secretary of the North Carolina Department of Military and Veterans Affairs, and previously as the Assistant United States Secretary of Defense for Manpower & Reserve Affairs and as a member of the North Carolina House of Representatives. Martin also served as a judge advocate and field artillery officer in the United States Army Reserve.
    • Pastor Charles Thomas Dudley of Craven County as a representative of the 3rd Congressional District. Pastor Dudley founded and currently serves as Senior Pastor of New Beginnings Ministry of Faith church and was consecrated to Bishop in 2009. He previously served in the United States Marine Corps, having been awarded the Meritorious Service, Navy and Marine Corps Commendation, Navy and Marine Corps Achievement, Marine Corps Good Conduct, National Defense Service, Kuwait Liberation (Kuwait and Saudi Arabia), Southwest Asia Service and Military Outstanding Volunteer Service Medals.
    • Jeff Joyner of Durham County of Durham County as a representative of the 8th Congressional District. Jeff served aboard the USS James Monroe in the North Atlantic and Mediterranean Sea as a launcher technician in the US Navy. Joyner has been a member of Rockingham American Legion Post 147 since 1970. He retired as a salesman in the fertilizer and chemical industry. 

    Governor Stein has appointed the following to the Underground Damage Prevention Review Board

    • Daryl Larimore of Forsyth County as a representative from a hazardous liquid transmission pipeline company. Larimore is the Right of Way Supervisor at the Colonial Pipeline Company. Larimore previously served as a CH-46 & MV-22 Crew Chief, Mechanic, and Shop Supervisor in the United States Marine Corps. 

    Governor Stein has appointed the following to the North Carolina Agricultural Hall of Fame Board of Directors

    • Larry Wooten of Wake County as an at-large member. Wooten joined the staff of North Carolina Farm Bureau in March of 1994, serving as Assistant to the President until his election as President in December 1999. He served as President of the North Carolina Farm Bureau Federation, the North Carolina Farm Bureau Insurance Companies, and all affiliated corporations, until his retirement in December 2019. Wooten actively farmed for 21 years in partnership with his brother in a diversified tobacco and grain operation. 
    Apr 4, 2025

    MIL OSI USA News

  • MIL-OSI Canada: Briefing with industry stakeholders on Canada’s response to U.S. tariffs

    Source: Government of Canada News

    April 4, 2025 – Ottawa, Ontario – Department of Finance Canada

    Today, the Department of Finance hosted a recurring briefing with Canadian industry and labour stakeholders, as well as provincial and territorial representatives, on Canada-U.S. economic issues. Canada’s Embassy in the U.S. also joined the call.

    The discussion focused on the recent tariff actions by the U.S., including the International Emergency Economic Powers Act invoked on April 2 to apply “reciprocal tariffs” on goods from nearly all countries, not including Canada and Mexico, as well as new U.S. tariffs imposed on automobiles that entered into force on April 3.

    Officials highlighted Canada’s countermeasures response to U.S. auto tariffs, including yesterday’s announcement by the Prime Minister, and outlined the tariff support measures that have been introduced to support Canadian workers and businesses. This includes introducing temporary special measures to the EI Work-Sharing Program, providing up to $40 billion in liquidity to businesses by deferring corporate income tax payments and GST/HST remittances, and providing liquidity support through Canada’s financial Crown corporations.

    The government underscored its commitment to continue fighting against the unjustified tariffs imposed by the U.S. while protecting impacted workers and businesses and building Canada’s economy.

    Related links

    MIL OSI Canada News

  • MIL-OSI USA: SCHNEIDER LEADS HOUSE DEMS IN DEMANDING ANSWERS ON IRS FIRINGS, IMPACTS FOR TAXPAYERS

    Source: United States House of Representatives – Representative Brad Schneider (D-IL)

    The Department of Treasury’s plan to shrink the IRS workforce will have devastating effects on taxpayer service, tax compliance and enforcement, and, ultimately, revenues

    WASHINGTON, DC – Rep. Brad Schneider (IL-10), a member of the House Ways and Means Committee, is leading a group of 22 Democrats in demanding answers from Treasury Secretary Scott Bessent about IRS workforce cuts, revenue losses, and his plan to maintain quality of services despite cuts.  

    In a letter sent on April 2, 2025, the group of lawmakers relayed their deep concerns that the Treasury Department has not fully considered the real-world impact of its actions to gut the IRS and requests the Department:  

    1. Provide details on its specific target for the number of workforce cuts at the IRS, including the timeline for staff reductions and departments where reductions will occur;
    2. Share the estimate of the expected revenue loss from the scheduled staff reductions at the IRS;
    3. Detail the steps being taken to ensure the remaining IRS workforce is adequately equipped to provide the services needed by taxpayers; and,
    4. Provide its plan to ensure taxpayers receive timely, excellent service after staff reductions are complete. 

    “We have seen concerning media reports that the IRS is rolling back audits as the Treasury Department reduces the IRS workforce and cuts thousands of jobs,” the members wrote. “The Administration has already fired 7,400 probationary employees—or seven percent of all IRS employees, mostly from enforcement staff—and has implemented a hiring freeze. Additionally, 4,700 employees at IRS have accepted the deferred resignation offer. Reporting has shown that as IRS agents leave the agency, the IRS is closing audits before they are complete, and some were even closed without seeking money owed.”  

    “We are deeply concerned the Treasury Department has not fully considered the real-world impact that these actions would have on the American public,” the members continued. “Implementing major changes to the workforce will no doubt result in diminished taxpayer services, which would have devastating consequences for taxpayers in need of assistance. Laying off thousands of employees that are directly involved in collecting unpaid taxes does not improve the efficiency or effectiveness of the IRS; it will only reduce taxpayer services and ultimately cost the government tens of billions of dollars in revenue, thereby increasing our nation’s deficit and adding to our debt.” 

    Full text of the letter is available here

    ###

    MIL OSI USA News

  • MIL-OSI USA: Gillibrand Statement On Ousting Of Head Of National Security Agency And U.S. Cyber Command

    US Senate News:

    Source: United States Senator for New York Kirsten Gillibrand

    Today, U.S. Senator Kirsten Gillibrand, member of the Senate Select Committee on Intelligence and Senate Armed Services Committee, issued the following statement on the Trump administration’s politically motivated firing of General Timothy Haugh, the commander of U.S. Cyber Command and director of the National Security Agency (NSA), and Wendy Noble, the deputy director of the NSA.

    “President Trump’s dismissal of General Haugh and Ms. Noble at the insistence of a far-right conspiracy theorist is unprecedented and deeply disturbing. General Haugh served our country for over 30 years and was confirmed to his former position with unanimous bipartisan support. This is the latest in the president’s chilling purge of military and national security leadership, and the loss of decades of experience leaves civilians, critical infrastructure — including elections — and our men and women in uniform more vulnerable to sabotage, espionage, and compromise. I demand President Trump immediately justify to Congress why he valued the opinion of a far-right conspiracy theorist over decades of nonpartisan national security leadership in service of the United States. 

    The military is not a partisan institution, and Congress must ensure that President Trump does not make it one.”

    MIL OSI USA News

  • MIL-OSI USA: Senators Coons and Blunt Rochester demand Trump rescind illegal executive order threatening federal employee collective bargaining agreements

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons

    WASHINGTON – U.S. Senators Chris Coons and Lisa Blunt Rochester (both D-Del.) joined the entire Senate Democratic Caucus in urging President Donald Trump to rescind his March 27 executive order to end collective bargaining agreements between public employee unions and dozens of federal agencies and bureaus. In their letter, Senator Coons, Senator Blunt Rochester, and their colleagues blasted the move as a “gross overreach” of presidential authority, asserting that the executive order is a clear attempt to gut the federal merit-based civil service and implement a system of political cronyism. They stressed that the order poses a grave threat to the ability of over 1 million federal workers to carry out their missions and deliver important services for the American people, and thus should be rescinded immediately.

    “We write today in outrage over your recent executive order entitled Exclusions from Federal Labor-Management Relations Programs, a gross overreach of the authority granted in the Civil Service Reform Act of 1978 (CSRA),” the senators wrote. “This order is an insult to the hardworking public servants who go to work on behalf of the American people. They care for our veterans, deliver disaster assistance, prevent wildfires, help farmers improve crop yields, manage health benefits for 9/11 first responders, research treatments and cures for diseases, keep air travel safe, process tax returns, staff our national parks and much, much more. Nearly one third of these dedicated civil servants are veterans seeking to continue their service to our country out of uniform.”

    “The executive order effectively classifies two thirds of the federal workforce as having national security missions, a blatant misuse of a limited authority intended to provide operational flexibility to address legitimate security needs,” the senators added. “There is no evidence that the long-standing collective bargaining agreements at these agencies have jeopardized our nation’s security in any way; to the contrary, the protection collective bargaining has provided for employees allows them to conduct their work on behalf of the American people—including blowing the whistle on fraud or abuse—without political interference.”

    “This administration clearly does not have even a basic understanding of the legally binding nature of federal collective bargaining agreements and is actively trying to bend the law to undermine protections for federal civil servants. We urge you to immediately rescind this illegal executive order so that our dedicated public servants can continue to work on behalf of the American public without fear for their job or political retribution,” the senators concluded.

    The senators’ letter is endorsed by the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), American Federation of Government Employees (AFGE), National Treasury Employees Union (NTEU), International Federation of Professional and Technical Engineers (IFPTE), and Service Employees International Union (SEIU).

    In addition to Senators Coons and Blunt Rochester, the letter was also signed by Senators Chris Van Hollen (D-Md.), Angela Alsobrooks (D-Md.), Mark Warner (D-Va.), Tim Kaine (D-Va.), Chuck Schumer (D-N.Y.) Tammy Baldwin (D-Wis.), Michael Bennet (D-Colo.), Richard Blumenthal (D-Conn.), Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Catherine Cortez Masto (D-Nev.), Tammy Duckworth (D-Ill.), Dick Durbin (D-Ill.), John Fetterman (D-Pa.), Ruben Gallego (D-Ariz.), Kirsten Gillibrand (D-N.Y.), Maggie Hassan (D-N.H.), Martin Heinrich (D-N.M.), John Hickenlooper (D-Colo.), Mazie Hirono (D-Hawaii), Mark Kelly (D-Ariz.), Andy Kim (D-N.J.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), Ben Ray Luján (D-N.M.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Chris Murphy (D-Conn.), Patty Murray (D-Wash.), Jon Ossoff (D-Ga.), Alex Padilla (D-Calif.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Jacky Rosen (D-Nev.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Adam Schiff (D-Calif.), Jeanne Shaheen (D-N.H.), Elissa Slotkin (D-Mich.), Tina Smith (D-Minn.), Raphael Warnock (D-Ga.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.).

    You can read the full text of the letter here.

    MIL OSI USA News

  • MIL-OSI: Hut 8 Operations Update for March 2025

    Source: GlobeNewswire (MIL-OSI)

    102% increase in deployed hashrate from an average of 4.6 EH/s in February 2025 to 9.3 EH/s as of the end of March 2025

    31% improvement in fleet efficiency from an average of 29.3 J/TH in February 2025 to 20.1 J/TH as of the end of March 2025

    Launch of American Bitcoin in partnership with Eric Trump

    MIAMI, April 04, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today released its operations update for March 2025.

    “This month, we achieved strong alignment between operational momentum and long-term strategic direction,” said Asher Genoot, CEO of Hut 8. “Thanks to our team’s disciplined execution, our fleet upgrade has already more than doubled deployed hashrate to 9.3 EH/s while driving fleet efficiency down to 20.1 J/TH as of the end of March.”

    “This operational progress set the stage for a pivotal milestone in our platform strategy: the carveout of substantially all of our ASIC miners into American Bitcoin, a standalone mining entity and majority-owned subsidiary of Hut 8 purpose-built for scale, speed, and capital efficiency. We are excited to launch American Bitcoin in partnership with Eric Trump and to welcome him as a strategic advisor to Hut 8 as we scale our platform.”

    “As we advance the evolution of Hut 8 toward Power and Digital Infrastructure, we are also evolving our approach to disclosure. Going forward, Hut 8 will no longer publish monthly operational updates. Instead, we’ll provide more holistic updates on a quarterly basis or as material developments arise, aligning with disclosure standards followed by peers in the energy and digital infrastructure sectors.”

    “Importantly, the ASIC miners we now operate for American Bitcoin generate revenue for Hut 8 across two distinct reporting segments: Managed Services within Power and ASIC Colocation within Digital Infrastructure.”

    Highlights

    • Step function changes in deployed hashrate and fleet efficiency
    • Launch of American Bitcoin, a pure-play mining subsidiary formed with Eric Trump
    • Shift to institutional reporting cadence

    Operating Metrics

      March 2025 February 2025
      As of the end of the period Average during the period unless otherwise noted
    Total energy capacity under management (mining)1,3 665 MW 665 MW2
    Total deployed miners under management4 120.8K 109.2K
    Total hashrate under management5 16.9 EH/s 12.3 EH/s
         
    Bitcoin Mining6    
    Deployed miners7,8 53.8K 41.5K
    Deployed hashrate9 9.3 EH/s 4.6 EH/s
    Fleet efficiency 20.1 J/TH 29.3 J/TH
    Bitcoin produced10 88 BTC 46 BTC2
    Bitcoin held in reserve11 10,264 BTC 10,237 BTC2
         
    Managed Services12    
    Energy capacity under management 280 MW 280 MW2
    Deployed miners under management8 83.8K 84.4K
    Hashrate under management 9.3 EH/s 9.4 EH/s
         
    ASIC Colocation    
    Deployed miners under management8,13 67.0K 67.7K
    Hashrate under management14 7.6 EH/s 7.7 EH/s


    Energy Infrastructure Platform
    2

            Contracted Revenue Stream(s)15
    Site Location Owner16 Power Capacity Bitcoin Mining Managed Services ASIC Colocation CPU Colocation / Data Center Cloud Power Generation
    Vega17 Texas Panhandle Hut 8 205 MW     Yes    
    Medicine Hat Medicine Hat, AB Hut 8 67 MW Yes18        
    Salt Creek Orla, TX Hut 8 63 MW Yes18        
    Alpha Niagara Falls, NY Hut 8 50 MW Yes18        
    Drumheller19 Drumheller, AB Hut 8 42 MW          
    Kelowna Kelowna, BC Hut 8 1.1 MW       Yes  
    Mississauga Mississauga, ON Hut 8 0.9 MW       Yes  
    Vaughan Vaughan, ON Hut 8 0.6 MW       Yes  
    Vancouver II Vancouver, BC Hut 8 0.5 MW       Yes  
    Vancouver I Vancouver, BC Hut 8 0.3 MW       Yes  
    King Mountain20 McCamey, TX Hut 8 (JV) 280 MW Yes18 Yes Yes    
    Iroquois Falls21 Iroquois Falls, ON Hut 8 (JV) 120 MW         Yes
    Kingston21 Kingston, ON Hut 8 (JV) 110 MW         Yes
    North Bay21 North Bay, ON Hut 8 (JV) 40 MW         Yes
    Kapuskasing21 Kapuskasing, ON Hut 8 (JV) 40 MW         Yes
    Total     1,020 MW          
    Notes:  
      (1) Energy capacity under management (mining) includes (i) 180 MW of Bitcoin Mining sites comprised of Alpha, Medicine Hat, and Salt Creek, (ii) 205 MW of ASIC Colocation capacity at Vega, which is currently under construction, and (iii) 280 MW of capacity under management at King Mountain.
      (2) As of the end of the period.
      (3) Includes 205 MW of capacity at Vega as the site is expected to host miners for BITMAIN.
      (4) Includes all miners that are racked with power and networking, rounded to the nearest 100, in Bitcoin Mining, Managed Services, and ASIC Colocation infrastructure with power and networking, including all miners at the King Mountain site.
      (5) Includes all Bitcoin Mining, Managed Services, and ASIC Colocation hashrate, including 100% of the hashrate at the King Mountain site.
      (6) Bitcoin Mining operations for Hut 8 include 100% of operations at the King Mountain site.
      (7) Deployed miners are defined as those physically racked with power and networking, rounded to the nearest 100; deployed Bitcoin Mining miners net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 45.4K during March and 33.1K during February.
      (8) Miners are rounded to the nearest 100.
      (9) Indicates the target hashrate of all deployed miners; deployed Bitcoin Mining hashrate net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 8.5 EH/s during March and 3.8 EH/s during February.
      (10) Bitcoin produced net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 78 during March and 38 BTC during February.
      (11) Includes 968 Bitcoin pledged and transferred to a third-party wallet to finance Hut’s previously announced fleet upgrade.
      (12) Managed Services includes 280 MW of capacity under management at King Mountain.
      (13) 41.9K deployed miners under management net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner during March compared to 33.8K during February.
      (14) 4.7 EH/s under management net of Hut 8’s joint venture partner’s 50% share of the King Mountain JV during March compared to 3.8 EH/s during February.
      (15) Reflects revenue sources to Hut 8, its subsidiaries, and/or joint ventures in which they participate during the period.
      (16) Owned denotes ownership of power infrastructure at owned or leased data center locations, except for HPC sites where owned denotes ownership of mechanical and electrical infrastructure at leased data center locations.
      (17) Site is currently under development.
      (18) As of April 1, 2025, as a result of the launch of American Bitcoin, the site no longer generates revenue under Bitcoin Mining and instead generates revenue under Managed Services and ASIC Colocation.
      (19) Site currently shut down; Hut 8 maintaining lease with option value of re-energizing site.
      (20) Owned by a JV between Hut 8 and a Fortune 200 renewable energy producer in which Hut 8 has an approximately 50% membership interest.
      (21) Owned by a JV between Hut 8 and Macquarie in which Hut 8 has an approximately 80% membership interest.


    About Hut 8
     

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-potential computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five colocation and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X (formerly known as Twitter) at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the Company’s platform strategy and evolution, including the success of American Bitcoin.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    gautier.young@hut8.com

    The MIL Network

  • MIL-OSI USA: Pallone Condemns Trump-Musk Cutting 6,900 Jersey Teaching Jobs, Including 400 in NJ-06

    Source: United States House of Representatives – Congressman Frank Pallone (6th District of New Jersey)

    WASHINGTON, DC – Congressman Frank Pallone, Jr. (NJ-06) today blasted a sweeping education funding rollback by Donald Trump and Elon Musk that would gut federal support for public schools and result in the firing of nearly 300,000 teachers nationwide—including 6,914 in New Jersey and 399 in the Sixth Congressional District alone.

    Pallone denounced the plan as part of a broader billionaire-driven effort to dismantle the U.S. Department of Education and eliminate Title I grants, which provide critical resources to schools serving low-income students.

    “Donald Trump and Elon Musk are teaming up to destroy public education in this country,” said Pallone. “Their plan to eliminate Title I funding is a direct attack on working families. In New Jersey alone, millions of students would be left behind. This is cruelty masquerading as reform. At the same time, Trump and Republicans are working to give trillions of dollars in tax breaks to big corporations and billionaires.”

    The proposed cuts stem from Trump’s recent executive order to dismantle the Department of Education and slash Title I grants, as well as Title II teacher support and IDEA special education programs. The result: fewer teachers, larger class sizes, and an increased burden on local taxpayers to keep schools afloat.

    Pallone and members of the New Jersey congressional delegation sent a letter on March 24 to Education Secretary Linda McMahon warning that the Trump-Musk proposal would have devastating consequences for New Jersey’s students, educators, and school districts. The letter outlines how the plan would decimate education budgets, trigger mass layoffs, and force local governments to raise property taxes to cover the shortfall.

    Pallone, who serves as the Ranking Member of the House Energy and Commerce Committee, has long fought to preserve robust federal investments in public education and is now leading efforts to block what he calls “a billionaire power grab that leaves our kids in the dust.”

    “Every student deserves a teacher who believes in them—not a billionaire who wants to balance the budget on their backs,” Pallone added. “We won’t let them get away with it.”

    Pallone’s full March 24 letter can be found here.

    MIL OSI USA News

  • MIL-OSI USA: Scalise: Democrats Want to Shut Down Government to Stop Trump’s Progress

    Source: United States House of Representatives – Congressman Steve Scalise (1st District of Louisiana)

    WASHINGTON, D.C.—Today, House Majority Leader Steve Scalise (R-La.) appeared on Fox News’ The Story with Martha MacCallum to discuss tonight’s vote to keep the government funded as Democrats work against American families. Leader Scalise also highlighted Vice President Vance’s visit with House Republicans and shared how House Republicans are working with the White House to implement President Trump’s agenda.

    Click here or the image above to view Leader Scalise’s full interview. 
    On House Republicans working with the Trump-Vance Administration to keep the government open:“Yeah, great to be with you, Martha. When you just heard that comment from [Rep. Jim] McGovern, here he is trying to figure out how to blame Republicans as he’s also trying to engineer a government shutdown. Democrats are trying to have it both ways. Democrats are trying to unite everybody against this bill to shut the government down. You see President Trump pushing as well as all of us in our House leadership to get this bill passed. We had JD Vance, the Vice President, come and talk to our members this morning and did a great job of really laying out why it’s so important that we keep the government open and pass this bill so that we can continue on with the great work that’s being done to get our economy back on track, to get our country moving again.“There are a lot of problems that need to be worked out. You just saw President Trump again delivering by getting a peace agreement between Ukraine and Russia. President Trump is doing his job. The Democrats want to shut the government down to stop that progress. We’re going to do our job here in the House in just an hour, as you pointed out, and then let the Senate do their job.“Thomas Massie is the only hard no. We’re working, obviously, there are other members that have had some questions, which we always have when you move a big bill through the House. We had our budget just a few weeks ago, and that passed with just one vote extra. That was a bill where we were talking to members the morning and the day of the vote, which is no surprise on those kinds of votes. Today’s no different. We’re still having conversations with members, but at the end of the day, we’re going to pass the bill.”On Democrats rallying around a government shutdown:“Well, if there was a shutdown [from the Senate side], at that point, it would be Chuck Schumer’s shutdown because the Republicans are united in getting this done. Chuck Schumer has got to figure out what he’s going to do. We’ve heard him decry government shutdowns over the years. This is a clean CR to prevent a government shutdown. So if he voted to shut the government down now, how would he explain that when you compare that to his previous comments? And think about what’s in this bill, Martha. I’m not just talking about keeping the government funded. This bill also includes a pay raise for our troops. Our junior enlisted members of the military are going to be getting the largest pay raise in over 40 years. Why would you vote against that? Democrats are going to have to answer that question along with others if they vote no on this bill. Let’s go get it done.”

    MIL OSI USA News

  • MIL-OSI USA: Scalise: Democrats Choosing Anger at Trump Over Federal Workers They Pretend to Care About

    Source: United States House of Representatives – Congressman Steve Scalise (1st District of Louisiana)

    WASHINGTON, D.C.—Today, House Majority Leader Steve Scalise (R-La.) joined Speaker Mike Johnson (R-La.), House Majority Whip Tom Emmer (R-Minn.), Conference Chairwoman Lisa McClain (R-Mich.), Congresswoman Celeste Maloy (R-Utah), and Congressman Andy Harris (R-Md.) to discuss Democrats prioritizing their hatred of President Trump over funding the government and protecting the federal workers, small businesses, and American families they claim to care about. Additionally, Leader Scalise called for the Senate to move on the budget reconciliation bill the House passed weeks ago to implement President Trump’s agenda.

    Click here or the image above to view Leader Scalise’s full remarks. 
    On President Trump’s record progress in his first six weeks:“Last week, all Americans who watched the State of the Union saw a very triumphant President Trump, who’s returned to the White House with even more energy, more vigor, and more focus to work for the American people than ever before, laying out in just six short weeks how much he’s already done to fulfill the promises of the campaign, to deliver on the mandate that 77 million Americans came to the polls and said, ‘We want to change the way Washington works’. They sent President Trump and J.D. Vance as the Vice President to go and accomplish those things. In six short weeks, so many of those things have already been accomplished, or the work and the foundation has been laid to get that done.”On Democrats’ misguided priorities:“What did we see from the Democrats? As Lisa McClain talked about, sitting down, not even celebrating a 13-year-old boy who just beat his battle with cancer. He was made an honorary member of the Secret Service, one of the most touching moments I’ve seen in a lot of State of the Unions, and they couldn’t even stand up for that. My friends, the Democrat Party of today is a leaderless, rudderless ship. They have no direction, they have no ideas, they have no concern about the successes of the American people. They can’t applaud victories for the American people. They couldn’t even applaud paying tribute to the widow whose husband, as a police officer, was slain in the line of duty. That’s who the Democrat Party in Washington is. “So many Americans who consider themselves Democrats have left that party because the Democrat Party has left them behind. A lot of those Democrats voted for Donald Trump and voted to put us in the majority, both in the House and Senate, because they’re tired of the hatred and the anger that fuels today’s Democrat Party. They want to see people that are going to go to work fighting for them. And that’s what we’re doing. Today is another example of the House doing its job. We have a responsibility to deliver for the American people, and we’re going to do it with or without the Democrat Party. A lot of Democrats, we all get to bring a guest to the State of the Union, a lot of them brought federal workers as their guests to the State of the Union. They seem to act like they care about federal workers. You saw a lot of Democrats over the last few weeks show up at federal buildings with some federal employees who haven’t been able to find their federal headquarters to go to work for the last three years, using COVID as an excuse. But they showed up to protest, to rally against rooting out waste, fraud, and abuse in government.“But ironically, those same Democrats who claim to care about federal workers, today, almost all of them will vote to furlough those federal workers that they claim to care about. How’s that for showing appreciation for the people who work for this federal government?All of them have said quotes, and the Speaker has laid out a great video that lays out a lot of the quotes that Democrats have made over the years about shutting down government.”On Democrats choosing personal animosity for President Trump over government funding: “Yet today, many [Democrats] will vote to shut down the government. For what reason? As it’s been pointed out, Hakeem Jeffries came out against the bill before the text was even filed. Still, to this day, if you watched in Rules Committee last night, you heard lie after lie by Democrats who were saying things that aren’t even in the bill. Maybe 99 pages is too long for some of them to read. We gave them the whole weekend to read the bill. They can still read it through today. The vote is going to be this afternoon. But they don’t want to read the bill. They don’t want to know what’s really in the bill. They’re just fueled by anger. Anger that Donald Trump won the election, anger that 77 million people went to the polls and demanded a change in the way Washington works.“Well, I’ve got a message from my Democrat friends out there: Whether you like it or not, the American people demand a change, and we’re going to deliver that change for them with or without this wild, reckless, far-left, progressive Democrat Party of today. They don’t represent the American people. They’re fighting against the will of the American people.”On Senate Republicans Needing to Move the Budget Reconciliation Bill:“But we, as the Republican majority, are going to deliver for those families who are struggling, who want relief, who want help, who want to get Washington off of their back, and want lower costs. We’re going to do that. We passed a bill over to the Senate. We’re going to urge our Senate once we finish this bill; the Senate’s got to start moving on the House budget that we sent to them weeks ago. Everybody’s got a job to do around here. We’re going to do ours today.”

    MIL OSI USA News

  • MIL-OSI USA: Scalise Statement on President Trump’s Joint Address

    Source: United States House of Representatives – Congressman Steve Scalise (1st District of Louisiana)

    WASHINGTON, D.C. — Today, House Majority Leader Steve Scalise (R-La.) issued the following statement after President Trump’s Joint Address to Congress:“Tonight’s Joint Address from President Trump was a welcome change from what we heard for the last four years. In less than two months, President Trump has already taken action at a whirlwind pace to turn our country around, reversing the damage done by President Biden and Vice President Harris, and making serious down payments on the promises he made to the American people to put America first. President Trump is working tirelessly for families that have been struggling for four years, from securing the border, to combating Bidenflation and cutting wasteful spending, to unleashing American energy, and reinstating common sense in Washington.  “Starting on day one, President Trump issued critical executive orders to reverse the Biden border crisis, with immediate results: in February, Border Patrol recorded only 8,326 encounters and apprehensions at the southern border – the lowest documented numbers in history – compared to 189,913 in February 2024 under President Biden. That represents an over 90% drop in illegal border crossings in just one full month of Donald Trump’s Presidency!“President Trump has also begun dismantling the Biden Administration’s anti-American energy agenda, rescinding Biden’s production-killing regulations, pushing policies that unleash American energy, shoring up our energy security, and empowering consumer choice in everything from vehicles to household appliances.  “Through the Department of Government Efficiency (DOGE), the President has taken major strides to return common sense to the way Washington spends taxpayer money, cutting waste, fraud, and abuse from the government agencies, even while far left Washington progressives fight him at every turn. He also passed executive orders to cut harmful Diversity, Equity, and Inclusion mandates and reinstate merit-based hiring. To protect women, President Trump issued an executive order preventing biological males from participating in women and girls’ sports, preserving fairness and safety for female athletes. “Under the leadership of President Trump, America once again commands respect on the world stage. President Trump has stood up to terrorists, from Hamas to Mexican drug cartel members, and made clear that the United States will pursue peace through strength on a global level. As America’s greatest negotiator, he has fought against unfair trade policies and agreements that take advantage of the United States, empowering American workers and businesses. “Thanks to President Trump, the state of our union is finally getting stronger. Our President has already accomplished so much in just a few weeks, but the best is yet to come. There is much work left to do, and House Republicans will continue working closely with President Trump to enact his America First agenda and usher in the golden age of the United States of America. The renewal of the American Dream is finally here!”

    MIL OSI USA News

  • MIL-OSI USA: Scalise on House Republicans Voting to Keep the Government Open

    Source: United States House of Representatives – Congressman Steve Scalise (1st District of Louisiana)

    WASHINGTON, D.C.—Today, House Majority Leader Steve Scalise (R-La.) spoke on the House floor before the passage of House Republicans’ Continuing Resolution to keep the government open and allow President Trump to continue to carry out his agenda. Leader Scalise slammed Democrats for putting their hatred of President Trump above all else and voting to shut the government down.

    Click here or the image above to view Leader Scalise’s full remarks. 
    Leader Scalise’s remarks:“Thank you, Mr. Speaker, and I thank my friend from Oklahoma, the chairman of the House Appropriations Committee, Mr. Cole, for his leadership in helping negotiate a really important bill to keep government funded. As has been duly noted along the way, over the past year, roughly six months, this House, the last majority in the last Congress, passed over 70% of the government funding bills, Mr. Speaker. We passed them to the Senate. Back then, Chuck Schumer and the Democrats were in charge, and they chose not to pass a single House appropriations bill – not one. The House, under Republican majority, not always with help from the other side, but we still got it done on our own passed over 70% of the government funding bills and then eventually got to a point where we had to let the Senate try to get something done, which, unfortunately, they didn’t. And then we got to the verge of a shutdown, and we said we’re not going to let that happen. And we had a short-term funding bill, and here we are again. We’re on the eve of another potential shutdown, and this Republican majority said we’re not going to let that happen.“In fact, this Republican President, Donald Trump, said we’re not going to let that happen either; it would be irresponsible to have a government shutdown. And maybe it’s because Donald Trump said he’s for it that then the Democrat leadership decided they were going to be against it. And when did they decide they were going to be against this bill? Before the bill was even written, before it was filed, they came out against it and started saying things that were in the bill when it wasn’t even written, Mr. Speaker. You heard them talking about cuts to Medicare, cuts to veterans. The bill wasn’t even written, and they were already making up stories to try to figure out how to vote no and shut the government down.“That’s, sadly, where this Democrat Party has gotten; the Democrat Party of today is a leaderless, rudderless ship. They don’t have an agenda. You saw it at the State of the Union, Mr. Speaker. When you saw President Trump not only laying out his agenda that 77 million people, a majority of Americans, went to the polls to elect the mandate that President Trump got not just with a majority of Americans and a majority of electoral college, but all seven, seven out of seven swing states, all voted for President Trump because they wanted that agenda implemented. And what irritates the Democrats the most? The fact that President Trump is following through on the promises that he made, actually doing the things he said he would do. “He’s securing the border. That was the number one issue all across this country, no matter which state you went to, people wanted a secure border, and he’s following through on it. And yet the Democrat Party is criticizing him for doing that part of his job. Rooting out waste, fraud, and abuse in government, something that should be bipartisan. In fact, it used to be bipartisan, to root out waste, fraud, and abuse. But now, because Donald Trump is doing it, the Democrat Party of today up here in Washington is so consumed with hatred that they oppose even rooting out waste, fraud and abuse that has been not only highlighted up here, but people around the country are talking about getting rid of that waste once they’ve seen it. “A lot of this was a veil that was pulled down where people couldn’t even find out what was going on because the payment systems were being hidden by the Biden Administration. We couldn’t even find out about a lot of that spending that we were anecdotally hearing about. But finally, you saw it on full display. And it was so embarrassing that some of those employees have left. Fortunately, a lot of that taxpayer money that was being wasted is now being saved, and the money is being recouped so that we can shore up programs that were vital for people.“The President talked about Social Security, a program that we helped protect. When you’ve got somebody that’s listed as 300 years old in the Social Security system, that shows you the kind of fraud and abuse that’s going on, and the fact that President Trump is willing to confront that and take it on so that people who actually paid into the program their whole lives can get the benefits they deserve. That’s what people elected President Trump and this majority on the Republican side to do. “But you would think Democrats would want to join in and help accomplish that, and yet, here they are on this floor, talking about things that aren’t even in the bill, trying to scare people, talking about cuts to veterans in the bill. And maybe because they just didn’t read the bill, it’s only 99 pages long. I would urge them to go read it. They may actually vote for this bill in the next hour because they’ll realize, in fact, the cuts that they’re talking about are not true. They’re not in the bill. There’s an increase for veterans in this bill. You know what else is in this bill, Mr. Speaker – and I want to applaud again the chairman of the Appropriations Committee and his members for negotiating something that’s been needed for a long time, and that is the largest pay raise for our junior enlisted military personnel in over 40 years. Now, if somebody doesn’t think our men and women in uniform deserve that pay raise. Maybe they’ll vote no. I’m proud to say I’m going to be voting yes to support our men and women in uniform who have been waiting for that raise and deserve it. How can you justify a no vote on that, Mr. Speaker. That’s actually in the bill.“As they talk all day about what’s not in the bill because they were against it before it was even written, if they actually read this bill again, only 99 pages. It’s a pretty quick read. You would find out that pay raise for our troops is in the bill. Stronger funding for our veterans is in the bill. But why are they voting no, you would ask? Just because the name of the president is Donald Trump. I think the people of this country are fed up with the kind of hatred that consumes people here in Washington. Again, when you watch the State of the Union address, and the President is not even talking about his agenda, he’s introducing and paying tribute to a 13 year old boy who just beat cancer, and they couldn’t even stand up and applaud that on their side because of the person who said it. If the hatred is so consuming that you can’t even support what’s great about America, maybe you need to reevaluate what’s important in doing these jobs.“We are elected to represent the people. And if the president, no matter who he or she is, has a great idea, you support it. There were a lot of things about Barack Obama’s policies I disagreed with Mr. Speaker. Yet, when he said something that was good for America at the State of the Union, I stood up. We actually worked with the President, the chairman was part of that, Chairman Cole, in passing the 21st Century Cures Act, last bill that Barack Obama signed to help put more funding into NIH so we could cure major diseases. We protect those gains in this bill. But if they’re advocating to vote no, they’re advocating for a government shutdown. It’s a binary choice. It’s not like there’s a plan B behind door number two, Mr. Speaker. “So if the plan is to vote no, what you’re really saying is you want to shut down the government. And I know a lot of Democrats – we all get to bring a guest to the State of the Union, and they get to sit up in the balcony. You’ve got the First Lady and the President’s guests up there, and the 13-year-old boy who beat cancer, the widow of a slain police officer who was in the balcony that they would not even applaud and pay tribute to. But they were there too, but everybody else got to bring a guest. Most Democrats bragged that they were bringing federal workers as their guests. You saw a lot of them holding rallies out in front of federal offices with federal employees, some of whom hadn’t shown up for work in three years since COVID, but they found their way to the office not to work but to protest. Democrats are about to vote to furlough all of those federal workers. Why? Not because of what’s in the bill. They’ve been telling you stories that aren’t even true about what’s in the bill. They don’t like it because of the name of the President of the United States. Aren’t we bigger than that? Aren’t we a better country than that, Mr. Speaker? “This is our responsibility to get this job done and then turn the page and go to work. This is the business, frankly, of the Biden Administration that we’re cleaning up. And we all ought to join together and finish that, and then come together and start a real appropriations process where we move not just 70% of the bills in the House and zero in the Senate. And Senator Thune, to his credit, is the new majority leader has vowed to actually work on a true appropriations process. So we’re not working at the midnight hour on CRs, but where we can actually have a full functioning appropriations process, something we haven’t seen in this town in a long time. “We have to first take care of yesterday’s business before we can start on tomorrow’s appropriations process. And so it’s critical that we get this job done. Not to vote to lay off and furlough all the federal workers, the TSA agents, you won’t even be able to go to the airport or your favorite federal park if they got their way. Let’s actually get our work done so we can start a 12-bill appropriations process that moves through the Senate too, where you can actually have a negotiation between two sides of the aisle. Again, something we haven’t seen in a long time, but is long past due.“It’s a new day in America, and I applaud President Trump. We had Vice President JD Vance this morning come and talk about the importance of passing this bill, too, because they want to fix the problems of this nation. They want to fulfill the promises that were made during the campaign and follow through on the mandate that was given to President Trump, Vice President Vance, and this Republican majority in the House and Senate by 77 million people to turn this country around. Let’s get back to being the greatest country in the history of the world. We can do it. We can come together and solve big problems. But we solve big problems by first taking care of the basics of government, and that’s to keep the government open. Let’s pass the CR, let’s see a big vote to do it, too. I welcome both sides of the aisle. My friends, on the other side, they can criticize a bill they’ve never read, but once they look at this bill, I think you might even see some of them vote yes as well. Let’s get our work done, and let’s move on to the next challenges that the American people expect us to deliver on for them.”

    MIL OSI USA News

  • MIL-OSI USA News: WEEK 11 WINS: President Trump Unleashes Economic Prosperity

    Source: The White House

    It was another highly successful week for the American people as President Donald J. Trump continues his relentless pursuit of strength, prosperity, and peace — and lays the foundation for America to be the global powerhouse for generations to come.

    Here is a non-comprehensive list of wins in week 11:

    • Illegal crossings hit a stunning new record low — down 95% over last year.
      • The number of unaccompanied illegal immigrant children also reached a record low.
      • Los Angeles Times: “California-Mexico border, once overwhelmed, now nearly empty”
      • Bloomberg: “US-Bound Migration Plunges 99% Along Panama Jungle Route”
    • President Trump continued to rid our communities of illegal immigrant criminals.
      • The Trump Administration directed the successful arrests of three illegal immigrant MS-13 gang members in Florida, wanted on first-degree murder charges, and another high-ranking MS-13 member in New York, linked to 11 murders.
      • The Trump Administration directed the transfer of 17 violent illegal immigrant terrorists from the U.S. to El Salvador.
      • The Trump Administration, with state and local law enforcement, successfully arrested more than 40 individuals in a Texas operation targeting the brutal Tren de Aragua gang.
      • The Trump Administration deported an illegal immigrant “influencer” who infamously encouraged fellow illegal immigrants to become squatters.
      • Since taking office, the Trump Administration has arrested 113,000+ illegal immigrants, deported 100,000+ illegal immigrants, and released just nine illegal immigrants into the U.S. — a staggering 99.995% decrease over the same period last year under Biden.
    • President Trump implemented his bold plan for reciprocal trade as he seeks to reverse the decades of globalization that has decimated our industrial base.
      • Coalition for a Prosperous America: “A permanent, universal baseline tariff resets the global trade environment and finally addresses the destructive legacy of decades of misguided free-trade policies. President Trump’s decision to implement a baseline tariff is a game-changing shift that prioritizes American manufacturing, protects working-class jobs, and safeguards our economic security from adversaries like China. This is exactly the type of bold action America needs to restore its industrial leadership.”
      • National Cattlemen’s Beef Association: “For too long, America’s family farmers and ranchers have been mistreated by certain trading partners around the world. President Trump is taking action to address numerous trade barriers that prevent consumers overseas from enjoying high-quality, wholesome American beef.”
    • Americans saw early results of President Trump’s declaration that the days of economic surrender are over.
      • Nissan abandoned plans to eliminate a shift at its Tennessee production facility.
      • General Motors announced it will increase truck production at its Indiana assembly plant.
      • Guardian Bikes announced it will expand its production capacity and grow its U.S.-based investment.
      • Equipment giant JCB committed to doubling the size of its new U.S. manufacturing facility.
      • Ford Motor Company and Stellantis both announced they will offer U.S. consumers employee pricing on their vehicles.
    • President Trump continued to pursue peace through strength around the world.
      • President Trump deployed additional military assets to the Middle East as a warning to the Iranian regime.
      • The Trump Administration inked a $2 billion air defense deal with Poland.
      • President Trump secured a pledge from Finland to raise its defense spending to 3% of its GDP.
      • President Trump held a successful call with Egyptian President El-Sisi to discuss the immense progress the U.S. has made in eliminating Houthi terrorists.
      • President Trump had a “productive call” with Vietnamese leader To Lam, who expressed willingness to cut the country’s tariffs on U.S. imports.
    • President Trump’s economic agenda delivered more relief for Americans.
      • The latest jobs report shattered expectations for the second straight month — highlighted by massive private sector job growth, a spike in full-time employment, wage growth, and an expanding labor market.
      • CNBC: “Private companies added 155,000 jobs in March, more than expected”
      • Wholesale egg prices continued to drop, falling to an average price of $3 per dozen — or nearly 60% since January amid the Trump Administration’s efforts to combat the avian bird flu and repopulate the chicken supply.
    • President Trump secured the release of two U.S. citizens detained in Mexico.
    • President Trump signed an executive order to crack down on price gouging and ticket scalping in the entertainment industry.
    • President Trump established the United States Investment Accelerator to attract and facilitate billion-dollar investments in the U.S.
    • The Department of Energy unveiled plans to use thousands of acres of its land — including national laboratory campuses, nuclear sites, and former enrichment plants — to quickly develop data centers that will power the artificial intelligence revolution.
    • The Department of Energy removed additional regulatory barriers on liquefied natural gas exports.
    • The Department of the Treasury launched a new public-private partnership to safeguard the financial system against illicit activities by the Iranian regime and announced additional sanctions against Iran as part of the Trump Administration’s maximum pressure strategy.
    • The Department of the Treasury leveled new sanctions against financiers of the Sinaloa drug cartel, which has flooded our country with deadly fentanyl.
    • The Department of the Treasury announced additional sanctions against a network of Houthi terrorist facilitators.
    • The Department of the Treasury withdrew burdensome, duplicative climate-based financial risk guidelines from the banking industry.
    • The Department of the Interior announced its next oil and gas lease sale in the Gulf of America, fulfilling President Trump’s pledge to unleash American energy.
    • The Department of the Interior implemented President Trump’s executive order to enhance public safety, clean up lands, protect federal parks, and preserve historic monuments in the District of Columbia.
    • The Department of Health and Human Services launched a department-wide restructuring to realign with its core mission and save taxpayers billions of dollars.
    • The Department of Health and Human Services announced states can bar welfare recipients from using taxpayer dollars to purchase unhealthy soft drinks.
    • The Department of Labor announced it will return $1.4 billion in unused COVID funds back to the U.S. Treasury.
    • The Federal Bureau of Investigation announced a record number of new agent applications under its new leadership.
    • The Department of Justice dismissed a Biden-era lawsuit against common-sense, effective Georgia election law reforms.
    • The Department of Justice launched investigations into DEI initiatives at Stanford University, University of California, Berkeley, University of California, Los Angeles, and University of California, Irvine.
    • The Department of Justice said it will pursue the death penalty for the accused cold-blooded killer of UnitedHealthcare CEO Brian Thompson.
    • The Environmental Protection Agency continued cutting wasteful spending, shuttering a politicized museum erected by the Biden Administration, consolidating office space, and eliminating duplicative grants and contracts — saving taxpayers tens of billions of dollars.
    • The Department of Defense directed a review of the military’s physical fitness standards to ensure it remains the strongest, most lethal fighting force on the planet.
    • The Department of Education and the Department of Justice launched a joint effort to ensure rapid investigations into violations of women’s civil rights.
    • The Department of Education issued a final warning to Maine over its ongoing refusal to comply with Title IX by forcing women to compete against men in athletics.
    • The Department of Education warned states with unlawful K-12 “diversity, equity, and inclusion” programs that they are at risk of losing federal funding.
    • The Department of Education encouraged state education officials to leverage federal funds to support school choice initiatives — a key part of President Trump’s education agenda.
    • The Department of Agriculture paused federal funding to Maine over its unlawful policies forcing women to compete against men in athletics.
    • The Department of Agriculture announced sweeping reforms to protect forests and boost domestic timber production.
    • The Department of Transportation announced an updated Safe Streets and Roads for All grant program, eliminating DEI and environmental justice requirements that prevented money from getting where it is needed.
    • The Department of Transportation continued making progress on the unprecedented backlog of unfulfilled grants left over by the Biden Administration.
    • The Department of Housing and Urban Development launched a streamlined website that efficiently provides vital information to Americans and saves taxpayers in the long run.
    • U.S. Citizenship and Immigration Services formally removed the option of a third gender on immigration paperwork, further restoring common sense to government.
    • Dr. Mehmet Oz was confirmed as Administrator of the Centers for Medicare and Medicaid Services and Matthew Whittaker was confirmed as the U.S. Ambassador to NATO — continuing the rapid pace at which President Trump’s nominees receive final approval.

    MIL OSI USA News

  • MIL-OSI Security: Man Pleads Guilty to November 2024 Armed Carjacking and August 2022 Armed Robbery

    Source: Office of United States Attorneys

                WASHINGTON – Demonta King, 18, of Chevy Chase, MD, pleaded guilty today for carjacking a taxicab driver at knifepoint in November 2024 and robbing another victim at gunpoint in August 2022, announced U.S. Attorney Edward R. Martin, Jr., Chief Pamela Smith, of the Metropolitan Police Department (MPD).

                King pleaded guilty today in the Superior Court of the District of Columbia to one count of armed carjacking and one count of armed robbery. The Honorable Jennifer Di Toro scheduled sentencing for June 16, 2025.

                According to the government’s evidence, at approximately 1:50 a.m., on November 18, 2024, in the 5000 block of Fort Totten Drive, NE, King, while armed with a knife, approached the victim, a taxicab driver, who was standing approximately five feet from his taxicab. King announced a robbery and said, “Give me everything,” and ordered the victim to hand over his keys. King then stabbed the victim in the hand causing him to drop the keys. The defendant picked up the keys and took the victim’s taxicab, along with his phone, driver’s license, bank cards and other personal items. Officers later spotted the victim’s vehicle, traveling at a high rate of speed, in the 500 block of Chillum Road in Hyattsville, MD, when the defendant crashed and exited on foot. Police gave chase and stopped the defendant.

                In a separate incident, according to the government’s evidence, at approximately 5:45 a.m., on August 26, 2022, in the 100 Block of Gallatin Street and 1st Place NE, King approached a different victim, brandished a firearm, took the victim’s backpack and cell phone, and then struck the victim in the face with the firearm and fled.  King was 16-years-old when he committed this offense and was prosecuted as an adult under Title 16.

                King was placed under arrest at the scene of the armed carjacking and has been in custody since his arrest.

                This case was investigated by the Metropolitan Police Department and the U.S. Attorney’s Office for the District of Columbia. The case is being prosecuted by Assistant U.S. Attorney Jacob Green.

    MIL Security OSI

  • MIL-OSI Security: Lubbock Man Sentenced to Life in Prison for Sexual Exploitation of a 10-year-old Child

    Source: Office of United States Attorneys

    A man who sexually abused a child for over two years was sentenced to life in federal prison, announced Acting U.S. Attorney for the Northern District of Texas Chad E. Meacham.

    Alec Mendoza, 26, of Lubbock, Texas, was indicted in May 2024.  He pleaded guilty in August 2024 to enticement of a minor and was sentenced Friday by U.S. District Judge James Wesley Hendrix.

    According to court documents, Mendoza first met the victim, “Jane Doe” and Doe’s mother at a party in 2020 when Doe was 10 years old, and Mendoza was 22 years old.  Mendoza began messaging Doe online and on Valentine’s Day 2021, Mendoza began sexually abusing Doe.  At the time, Doe was 11 years old, and Mendoza was 23 years old.

    Soon after Mendoza began abusing Doe, Mendoza moved into Doe’s family home.  For the next two and a half years, Mendoza had sexual intercourse with Doe approximately 30-50 times.  Mendoza would also send messages to Doe discussing sex and would remind Doe to delete her messages.

    In December 2023, Mendoza was caught sending text messages to Doe in the middle of the night from his bedroom down the hall.  Doe’s mother confronted Mendoza about the messages and Mendoza admitted to having an ongoing sexual relationship with Doe.

    At sentencing, the government noted that following his conviction, Mendoza agreed to take a polygraph examination.  Mendoza failed the polygraph.  In his post-polygraph interview, Mendoza confessed to also sexually abusing a second child.  A search warrant of Mendoza’s phone also revealed Mendoza to be in possession of 20 videos of child sexual abuse material (CSAM).  Mendoza admitted to law enforcement to receiving and distributing CSAM over the Internet.

    At sentencing, Judge Hendrix told Mendoza that he could not “capture with words the trauma you caused that will last for lifetimes.”  In imposing a life sentence, Judge Hendrix said: “I have to make a lot of difficult decisions.  This is not one of them.”

    The Federal Bureau of Investigation along with the Lubbock Police Department conducted the investigation.  Assistant U.S. Attorney Stephen Rancourt prosecuted the case.

    MIL Security OSI

  • MIL-OSI Submissions: Pakistan: Amnesty International launches #undothedeadline campaign against unlawful deportation of Afghan nationals

    Source: Amnesty International

    With the Pakistani authorities beginning a new round of deportations for Afghan nationals, including refugees and asylum seekers, living in the country, Amnesty International is launching its new campaign #undothedeadline by releasing a compendium of stories titled ‘ “Treat us like human beings”: Afghans in Pakistan at risk of unlawful deportation.’

    Through the #undothedeadline campaign, Amnesty International aims to amplify the voices of Afghans at risk of unlawful deportation, advocate for the respect of their human rights and raise awareness about the urgent need to stop their forced deportations from Pakistan. The compendium spotlights ten stories of Afghan migrants, refugees and asylum seekers who are artists, journalists and women who cannot afford to go back to Taliban-ruled Afghanistan and not only risk their lives but also stand to lose decades worth of lives built in Pakistan.

    “Afghan nationals including refugees and asylum seekers in Pakistan have been living in a state of fear since the Pakistani authorities announced their phased deportation plans in October 2023. Many Afghans have been in Pakistan for more than four decades. Their lives stand to be completely upended as a result of the Pakistan government’s insistence on violating their obligations under international human rights law, specifically the principle of non-refoulement,” says Babu Ram Pant, Deputy regional director for South Asia at Amnesty International.

    “Afghans seeking refuge and asylum in Pakistan after the Taliban takeover of Afghanistan in 2021 are particularly at risk. These include Afghan women and girls, journalists, human rights defenders, women protestors, artists, and former Afghan government and security officials who fled Taliban’s persecution. Pakistan must reverse its existing policy of forced return to ensure the safety of these individuals.”

    Amnesty International has repeatedly called on the Pakistan government to reverse its latest decision to expel Afghan nationals from Islamabad and Rawalpindi and formally suspend the ‘Illegal Foreigners Repatriation Plan.’

    Further Information:

    The compendium of stories is available at: Pakistan: ‘Treat us like human beings’: Afghans in Pakistan at risk of unlawful deportation – Amnesty International

    MIL OSI – Submitted News

  • MIL-OSI New Zealand: Security resources to support ethnic communities

    Source: New Zealand Government

    The Ministry for Ethnic Communities has released resources to support people in New Zealand who may be subject to foreign interference, Ethnic Communities Minister Mark Mitchell says.

    “Foreign interference impacts the safety and security of everyone in New Zealand.

    “Some of our Ethnic Communities in New Zealand are receiving unwanted attention from foreign states aiming to suppress their protected rights and freedoms, including their right to freedom of expression.

    “As a Government we are clear that we do not condone foreign interference in New Zealand.

    “In my role as the Minister for Ethnic Communities, I want to acknowledge that our Ethnic Communities’ resilience is a national security asset to all of New Zealand. 

    “The New Zealand public being alert to the threat of foreign interference is a strength. We want to encourage more open conversations and vigilance. We can all help keep New Zealand safe by telling NZSIS or Police about any concerning behaviour or activity.

    “I am committed to delivering practical support that will help our communities to withstand foreign interference and to ask for help when they need.” 

    The Ministry for Ethnic Communities, as part of an all-of government work programme to tackle foreign interference, has released resources in 24 languages with information about:

    Foreign interference in New Zealand
    Examples of foreign interference including case studies from the New Zealand Security Intelligence Service
    Your rights in New Zealand
    How to report foreign interference
    Keeping safe online
    Keeping your organisation safe online
    Information about the draft Crimes (Countering Foreign Interference) Amendment Bill.

    “This first release of resources will shine a light on foreign interference. There is more work to be done,” says Mr Mitchell.

    The Ministry will continue to work with a range of communities to release additional resources and guidance later in the year.

    Community Resources are available on the Ministry for Ethnic Communities website: https://www.ethniccommunities.govt.nz/programmes/security-and-resilience/

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Ethnic Communities Minister outlines key priorities

    Source: New Zealand Government

    Distinguished guests, community leaders, business representatives, and faith leaders.
    It is my pleasure as the Minister for Ethnic Communities to address you today. 
    New Zealand is home to speakers of more than 170 languages, and while I would love to greet you in each one, for now let me extend a warm welcome to you all with a simple “Kia ora. Tēnā koutou, katoa.”
    I would like to acknowledge and extend my gratitude to everyone here today.  Your dedication and contributions continue to strengthen the fabric of our nation.
    I also wish to thank those of you who have shared your insights and experiences, providing valuable perspectives on the opportunities and challenges facing New Zealand’s Ethnic Communities. Your input is critical in shaping policies and initiatives that reflect the needs of all New Zealanders.
    It is a privilege to serve as the Minister for Ethnic Communities. When the Prime Minister invited me to take on this role, I was deeply honoured and excited by the opportunity to support and champion the diverse communities that make up our nation.
    Almost one in four people in New Zealand belong to an Ethnic Community. In Auckland, that number rises to one in three. These communities contribute immeasurably to our country—bringing expertise, knowledge, and cultural vibrancy that enriches every aspect of New Zealand life.
    I was fortunate enough to become Minister just in time to host the Lunar New Year event at Parliament, which was a vibrant and wonderful celebration.
    And in a couple of days, I will be hosting Eid celebrations as well, and I look forward to recognising and celebrating the many other significant cultural events that unite our communities throughout the year. 
    Today, I would like to outline my priorities as your Minister and share my vision for how we can work together to achieve meaningful outcomes.  I will get to that shortly.  First, a bit about myself. 
    I bring my own experience to this role.  I have lived in the Middle East, Asia and Africa. I have lived and worked in many communities sharing the challenges they faced and immersing myself in the culture and history of their countries.
    I am constantly learning but my experience has helped me understand where our ethnic communities come from, what is important to them, some of the challenges and complexities of making a new country home, and the richness and value they have brought to New Zealand, whether they arrived a week ago or 100 years ago. 
    Recently at an event celebrating EID I was able to talk to 3 young 2nd generation Somali Kiwis about Somalia. The beauty of the country, rich in history and with so much potential but facing continued challenges.
    They love being Kiwis and love New Zealand but remain so proud of their Somali heritage. 
    My message is I’m a 4th generation Kiwi of Irish descent and very proud of both being Kiwi and of my Irish heritage. I have the privilege of not just looking through the eyes of our ethnic communities through a New Zealand lens but also in many cases through the country-of-origin lens. 
    I believe this experience will help me be an informed, effective, passionate Minister and advocate, providing loyal service to our Ethnic Communities.
    My priorities
    There are four key areas that I will focus on as Minister to ensure that Ethnic Communities thrive in New Zealand: economic growth, security and resilience, emergency management, and social cohesion.
    Economic growth
    First, economic growth.
    Many of you will have seen the Prime Minister’s State of the Nation speech.  In that speech, the PM focused almost exclusively on economic growth as the main priority for our Government.
    Why? Because economic growth is vital for improving quality of life. For delivering better infrastructure. For providing Kiwis with more choices. And for giving a sense that better days lie ahead.
    Ethnic Communities already make a huge contribution to our economy.
    In 2021, this contribution was estimated at $64 billion. The average value of export goods for ethnic businesses is more than double the New Zealand average.  However, there are barriers that need to be addressed to unlock the full potential of these businesses.
    At the Ethnic Xchange business symposium the Ministry facilitated last year, people identified what the Government could do to increase foreign investment.  Business owners said long waiting times with the Overseas Investment Office and a lack of coordination between agencies put off foreign investors.
    The Government is taking action. We are setting up Invest New Zealand to be a ‘one-stop-shop’ to attract and promote foreign investment. 
    We are making changes to the Overseas Investment Act to make investment rules less restrictive and more welcoming of investment.
    The changes will ensure that for many investments, decisions will be made in just 15 days, where the application isn’t contrary to New Zealand’s national interest. 
    And we announced changes to the Active Investor Plus Visa to simplify the categories, increase the scope of acceptable investments and remove other potential barriers to investment, such as the English language requirement.
    Last month, we held a global infrastructure investment summit to showcase New Zealand’s infrastructure pipeline and growth sectors.
    You may be aware that I recently travelled to India with the Prime Minister.
    During that trip I saw first-hand the value and strength of the relationship between New Zealand and India, and our trading relationship was very clear.  All of this shows the Government’s commitment to growing the economy.
    Security and resilience
    Second, I want to talk about security and resilience.
    Foreign interference affects the safety and security of everyone in New Zealand.  The Government is clear that we do not condone foreign interference in New Zealand. It is particularly concerning that some members of our Ethnic Communities are experiencing undue pressure and suppression of rights from foreign states. This is unacceptable.
    As Minister, I want to acknowledge that Ethnic Communities’ resilience is a national security asset to all of New Zealand.  I’m committed to delivering practical support that will help our communities to withstand foreign interference and to ask for help when they need it.
    We’ve released resources in 24 languages to raise awareness about foreign interference in New Zealand. Including case studies, information about your rights, keeping safe online and how to report foreign interference.
    This is only the beginning of the work. I know the Ministry for Ethnic Communities is working hard, including looking internationally, to ensure what it produces for our communities is world-class.
    While we’ve started to shine a light on foreign interference there is more to be done.  Work will continue with a range of communities to develop and release more resources later this year.
    Emergency management
    Third, I want to talk about emergency management.
    We can’t get away from the fact that New Zealand is prone to emergencies. Many of us have experienced the devastating impacts of floods, cyclones and earthquakes, and have learned about them first hand.
    Recent events have highlighted gaps in the system, particularly in how emergency responses account for the linguistic, cultural, and religious needs of Ethnic Communities.
    The support provided was often not responsive to language, cultural or religious needs. And important information in different languages was slow in getting to the people who needed it.
    The Government has committed to making changes to the emergency management system to ensure it is fit for purpose. 
    The changes will build capability and capacity, support local government and help different parts of the system to work better together.  They are based on the idea that everyone needs to be part of preparing and responding to emergencies and recovering afterwards.
    Our Ethnic Communities often stand up in times of emergencies to provide life services for the entire community.  I have asked NEMA to make sure this important role is formally recognised and codified in the new Emergency Management legislation. 
    There has been positive progress made in recent years.  The Get Ready website, which provides information about what to do before, during and after an emergency, is translated into 14 languages. This proved to be a valuable resource during Cyclone Gabrielle.
    NEMA have also told me they are close to completing a resource about what support is available and where to find it. 
    This resource can be distributed to communities in multiple languages as soon an emergency happens, rather than taking days to develop and translate.
    You can have confidence that the needs of Ethnic Communities will be reflected in NEMA’s work. 
    Social cohesion
    Finally, I want to talk about social cohesion.
    New Zealand is becoming increasingly diverse.  With Ethnic Communities expected to make up one-third of the population in the next two decades, it is essential that we build cohesive and safe communities.
    We must build an inclusive society where all communities feel a sense of belonging and where discrimination and prejudice have no place. 
    I have heard concerns from many of you about experiences of harassment, Islamophobia, and antisemitism. These are issues we must confront directly.
    I’m also particularly concerned about the impact geopolitical events overseas are having on domestic social cohesion.
    It’s important we don’t let overseas tensions and conflict play out between our communities here.
    I am committed to listening, learning and taking action to deliver relevant and tangible initiatives that will make a difference for Ethnic Communities.
    Ensuring that we don’t just talk about social cohesion but do things to actively strengthen it.
    I want to explore more ways to foster Ethnic Communities’ sense of belonging to and integration with New Zealand society.
    I would like better ways to bring faith and community leaders together to build bridges and unite communities.
    The Ministry for Ethnic Communities is actively fostering social cohesion through community engagement, interfaith dialogue, and targeted funding. And I am committed to continuing these efforts and identifying further ways to strengthen ties between communities.
    Other issues
    While some issues fall outside my direct ministerial responsibilities, I remain committed to advocating for the needs of Ethnic Communities.
    For example, mental health remains a pressing concern. 
    Research indicates that Middle Eastern, Latin American, and African youth face disproportionately high rates of mental health struggles, yet cultural barriers often prevent individuals from seeking help. 
    I will work closely with the Minister for Mental Health to ensure that culturally appropriate support services are accessible to all who need them.
    Closing
    New Zealand’s Ethnic Communities make an invaluable contribution to our society—socially, culturally, and economically. My commitment as Minister is to ensure that these contributions are recognised, valued, and celebrated.
    By working together, we can build a stronger, more inclusive nation—one where diversity is seen as a strength, and where every community has the opportunity to thrive.
    Thank you for being here today.  I look forward to continuing these important conversations and strengthening our relationships.
    Nō reira, tēnā koutou, tēnā koutou, tēnā koutou katoa.

    MIL OSI New Zealand News

  • MIL-OSI: First Federal Savings Bank Awards $27,500 in Funds to Habitat for Humanity Through FHLBank Indianapolis Grant Program

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., April 04, 2025 (GLOBE NEWSWIRE) — First Federal Savings Bank, a member bank of the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis), awarded Habitat for Humanity $27,500 in grant funds through the Community Multiplier – Member Match Program.

    The $27,500 grant will support Habitat for Humanity’s educational assistance programs for current and prospective homeowners.

    “We are proud to partner with Habitat for Humanity in support of their educational assistance programs for current and prospective homeowners,” said Courtney Schmitt, VP, Marketing Manager at First Federal Savings Bank. “Homeownership is a cornerstone of financial stability, and by investing in these programs, we are helping individuals and families build stronger, more secure futures. This partnership reflects our ongoing commitment to empowering communities through financial education and support.”

    Beth Folz, Executive Director of Habitat for Humanity of Evansville stated “We were excited to hear from First Federal Savings Bank that we had been selected to receive this wonderful grant from the Community Multiplier program. We are thrilled for the future Habitat homeowners who will be impacted by the financial education programs that we can offer due to this tremendous support.”

    The Community Multiplier – Member Match program is FHLBank Indianapolis’ newest program offering, designed to support targeted affordable housing initiatives that fall outside of FHLBank Indianapolis’ other grant programs. Community Multiplier offers grants between $25,000 and $125,000 for non-profit organizations headquartered in Indiana or Michigan who partner with an FHLBank Indianapolis member financial institution on targeted affordable housing initiatives. With a 10% matching funds commitment from the member financial institution, FHLBank Indianapolis is providing grants between $25,000 and $125,000. The program opened March 27, 2025 with a $5 million allocation and is available until October 1, 2025, or until funds are exhausted.

    You’re Invited

    To celebrate this meaningful partnership, First Federal Savings Bank and Habitat for Humanity of Evansville will host a press conference and check presentation ceremony on Wednesday, April 9 at 3:30 PM CST at First Federal Savings Bank’s corporate headquarters located at 5001 Davis Lant Drive Evansville, IN 47715. We invite the members of the media, community partners, and the public to join us as we present a $27,500 contribution in support of Habitat for Humanity’s mission to provide educational assistance programs for current and prospective homeowners

    About First Federal Savings Bank Member FDIC Equal Housing Lender

    First Federal Savings Bank was established on Evansville, Indiana’s Westside in 1904. A community bank offering eight locations in Posey, Vanderburgh, Warrick, and Henderson County. First Federal Savings Bank is also proud to offer Home Building Savings Bank locations in Daviess and Pike County.

    Federal Home Loan Bank of Indianapolis: Building Partnerships. Serving Communities.

    FHLBank Indianapolis is a regional bank included in the Federal Home Loan Bank System. FHLBanks are government-sponsored enterprises created by Congress to ensure access to low-cost funding for their member financial institutions, with particular attention paid to providing solutions that support the housing and small business needs of members’ customers. FHLBanks are privately capitalized and funded and receive no Congressional appropriations. FHLBank Indianapolis is owned by its Indiana and Michigan financial institution members, including commercial banks, credit unions, insurance companies, savings institutions and community development financial institutions. For more information about FHLBank Indianapolis, visit www.fhlbi.com and follow the Bank on LinkedIn and X (formerly known as Twitter) at @FHLBankIndy.

    The MIL Network

  • MIL-OSI: Pender Growth Fund Provides Financial Highlights and Company Updates

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, April 04, 2025 (GLOBE NEWSWIRE) — (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the year ended December 31, 2024.

    Financial Highlights

    • Net income was $55,473,592 for the year ended December 31, 2024 (December 31. 2023 – Net income $1,029,528) due to positive investment performance during the year.
    • Net income per Class C common share (“Share”) for the year ended December 31, 2024 was $7.61 (December 31. 2023 – Net income per Share $0.14).
    • The Company’s total shareholders’ equity increased by $53,195,329, from $69,886,178 at December 31, 2023 to $123,081,057 as at December 31, 2024, due to net income from positive investment performance of $55,473,592 during the year, offset by shares repurchase of $2,278,263 under the Company’s Normal Course Issuer Bid (“NCIB”).
      • Shareholders’ equity was $17.25 per Share as at December 31, 2024 (December 31, 2023 – $9.48).
      • 7,133,229 shares were outstanding as at December 31, 2024 (December 31, 2023 – 7,368,229), a decrease of 235,000 shares as a result of shares repurchase under the NCIB, which was renewed on February 15, 2024.
      • At December 31, 2024, 64.7% of the investment portfolio was made up of public companies and 35.3% of private companies and Net Assets were 56.9% publicly listed companies, 31.1% private unlisted companies, and 12.0% cash and other assets net of liabilities.
      • Management Expense Ratio (“MER”) before performance fees was 2.65% for the year ended December 31, 2024, up 0.34% compared to 2.31% in 2023.
    PERFORMANCE

    (Based on Shareholders’ Equity)

    3 Month 1 Year 3 Year 5 Year Since Inception
    Class C 14.2 % 81.9 % -12.9 % 29.9 % 21.4 %


    Portfolio Highlights

    The completion of the sale of Copperleaf in the third quarter of 2024 and the resulting injection of $70 million cash, substantially changed the Company’s portfolio.

    In October, the Company closed the purchase of four private technology companies from Pluribus Technologies. The acquisition was made by Pender Software Holdings (“PSH”) a new entity owned 86% by Pender, with the balance owned by Acorn Partners Inc. (“Acorn”) and its principals. Acorn (www.acorncappartners.com) is a Vancouver based company that invests in tech companies and provides advisory services to clients. In early 2025, Acorn was merged into PSH and the shares of PSH formerly held by the Acorn were transferred to its principals. The four software companies acquired are each cash flow positive and stable. PSH is leaving existing management in place to facilitate a focus on operational excellence with strategic support and access to capital managed by Pender and Acorn. Ampere Chan, the founder and CEO of Acorn is the CEO of PSH. Pender intends to use PSH as a vehicle for investing in additional software companies. We believe this new enterprise has great potential. 

    With the significant run up in equities over the last year that has pushed large cap equity valuations to multi year highs, we remain vigilant and prepared for increased volatility as we enter 2025. The general trend in inflation continues to moderate towards central bank target levels and expectations are for continued interest rates cuts, albeit at a more moderate pace. Potential headwinds could also include trade policies, particularly tariffs, which could weigh on corporate earnings, and fiscal challenges in developed economies as government deficit spending remains high. There is always the potential for volatility as market expectations shift after such a strong run in risk assets in the past few quarters.

    We believe that the Company continues to be well-positioned today to pursue its investment objectives and we continue to find attractive investments opportunities as valuations in micro and small cap stocks in North America remain attractive despite the recent rally this year.

    Investment results may be affected by future developments and new information that may emerge about broad economic conditions, inflation, central bank measures, geopolitical risks, market risk, unexpected judicial or regulatory proceedings and other global events, factors that are beyond the Company’s control.

    While macro events have driven investor sentiment, we have remained focused on our bottom-up fundamental research to identify companies that can thrive in a wide range of economic scenarios. We believe that this environment provides compelling opportunities for long-term focused investors and that the Company is well-positioned to continue to pursue its investment objectives.

    In 2024, as always, we worked closely with our private portfolio companies and certain of our public portfolio companies.

    Other Highlights

    We continued to acquire shares of the Company in the market under our NCIB because we believe the shares are trading at a discount to their intrinsic value. On February 20, 2025, the Company launched a new NCIB, under which the Company may purchase a maximum of 587,342 shares, or 10% of the Company’s public float on launch date, during the one-year period ending February 19, 2026.

    We encourage you to refer to the Company’s MD&A and the annual audited financial statements for the year-ended December 31, 2024, and other disclosures available under the Company’s profile at www.sedarplus.ca for additional information.

    About the Company        

    Pender Growth Fund Inc is an investment firm. Its investment objective is to achieve long-term capital growth. The Company utilizes its small capital base and long-term horizon to invest in unique situations, primarily small cap, special situations, and illiquid public and private companies. The firm invests in public and private companies principally in the technology sector. It trades on the TSX Venture Exchange under the symbol “PTF” and posts its NAV on its website, generally within five business days of each month end.

    Please visit www.pendergrowthfund.com.

    For further information, please contact:

    Tony Rautava

    Corporate Secretary
    Pender Growth Fund Inc.
    (604) 653-9625
    Toll Free: (866) 377-4743
    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Forward-Looking Information

    This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding the Company’s decreased portfolio risk and future investment opportunities. The forward-looking statements in this news release are based on certain assumptions; they are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading “Risk Factors” in the Company’s annual information form available at www.sedarplus.ca. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI Canada: World premiere of Vancouver director Lyana Patrick’s feature documentary Nechako at DOXA. Lantern Films/Experimental Forest Films/NFB co-production follows two Indigenous Nations fighting for our collective future.

    Source: Government of Canada News (2)

    April 3, 2025 – Vancouver – National Film Board of Canada (NFB)

    Stellat’en First Nation filmmaker Lyana Patrick’s feature doc Nechako: It Will Be a Big River Again will be making its world premiere in her home base of Vancouver in the DOXA Documentary Film Festival’s Justice Forum.

    A Lantern Films/Experimental Forest Films/National Film Board of Canada (NFB) co-production, Nechako will be presented at the VIFF Centre (1181 Seymour Street) on Saturday, May 3, at 5 p.m., followed by a panel discussion with the director and special guests.

    About the film

    • When the Kenney Dam was built in the 1950s, 70 percent of BC’s Nechako River was diverted into an artificial reservoir, severely impacting the lives of local Stellat’en and Saik’uz Nations. What followed were decades of resistance, including legal actions against the Canadian federal and provincial governments and Rio Tinto Alcan, a subsidiary of a global mining conglomerate.
    • Nechakofollows the people fighting today to restore a river and a way of life: Nations going up against industry, community leaders advocating for their people, Elders documenting their histories and community members living off the land.

    About the director

    • Committed to elevating Indigenous stories, Lyana Patrick studied film at the Native Voices Program, University of Washington. Her acclaimed short films A Place to Belongand The Train Station have been showcased at prestigious festivals like Hot Docs, DOC NYC and the Vancouver International Film Festival.

    – 30 –

    Stay Connected

    Online Screening Room: nfb.ca
    NFB Facebook | NFB Twitter | NFB Instagram | NFB Blog | NFB YouTube | NFB Vimeo
    Curator’s perspective | Director’s notes

    About the NFB

    MIL OSI Canada News

  • MIL-OSI Canada: Ratification vote pending on Kitselas Treaty, Constitution

    Source: Government of Canada regional news

    Eligible voters are voting on whether to ratify the Kitselas Treaty and self-government Constitution. While voting has been in progress online and through mail-in ballots, the in-person vote is being held on April 10, 2025.

    In June 2024, the chief negotiators from all three parties — Kitselas First Nation (Kitselas), the Government of Canada (Canada), and the Government of British Columbia (B.C.) — initialled the Kitselas Treaty. This milestone in the treaty negotiations process signalled the conclusion of substantive negotiations, subject to certain caveats such as ongoing legal and technical review and consultation with neighbouring First Nations. The legal and technical review of the treaty concluded in January 2025, resulting in the ratification version of the Kitselas Treaty.

    Ratification is the approval process that treaties must go through before they can come into effect. The first step in this process is the Kitselas ratification vote. To ratify, the treaty and constitution require a double majority vote outcome by Kitselas eligible voters. This means more than 50% of eligible voters on the voters list cast a ballot, and more than 50% of those voters cast a ballot in favour of the treaty and constitution.

    Should eligible voters vote in favour of ratifying the Kitselas Treaty and Constitution, B.C. and Canada will undergo their own respective ratification approval processes. This includes passing provincial, and then federal treaty implementation legislation to bring the Kitselas Treaty into law. If ratified by all three parties, the effective date for the treaty is anticipated for 2028.

    Kitselas entered treaty negotiations in the early 1990s. Working closely with the BC Treaty Commission, an independent facilitator of the made-in-B.C. treaty negotiations framework, negotiators for Kitselas, Canada, and B.C. reached an agreement-in-principle (AIP) in 2015. The AIP established agreement on the substantive elements to be detailed in the completed treaty.

    In the years since, Kitselas, B.C. and Canada have engaged with local and regional governments, industry, interest holders, and people in the region on various elements of the proposed treaty. Kitselas has worked closely with its local government partners to invest in shared services and regional economic development. B.C. and Canada are also continuing Crown consultation with neighbouring First Nations including those with overlapping territories.

    Engagement has provided opportunities for people to share their needs and shape treaty provisions. As a result, the ratification version of the Kitselas Treaty reflects work together on shared regional priorities established in the 2015 AIP.

    If ratified, the treaty would:

    • ensure Aboriginal rights are recognized and not extinguished for Kitselas, and describe the parties’ agreement on the exercise of rights;
    • clarify that the treaty does not infringe or extinguish the rights of neighbouring First Nations;
    • lay out negotiated approaches to self-governance and law-making authorities, and confirm lands to be owned and governed by Kitselas;
    • address existing interests and tenures on proposed treaty lands (interest-holders have been engaged on the proposed approach to their tenure or interest); and
    • formalize consultation and opportunities for co-management of lands and resources within the First Nation’s traditional territory.

    Once the ratification vote is complete, there will be further opportunities for regional and public engagement as well as ongoing consultation with neighbouring First Nations.

    Learn More:

    For more information, including the ratification version of the Kitselas Treaty, visit:

    Kitselas Treaty and Kitsumkalum Treaty Negotiations

    For treaty and enrolment information for eligible voters, visit: https://kitselastreaty.ca/

    MIL OSI Canada News

  • MIL-OSI United Nations: World News in Brief: Cholera surges worldwide, DR Congo update, WHO leads global health emergency exercise

    Source: United Nations 2

    Peace and Security

    A global surge in cholera is threatening vulnerable people from Angola to Myanmar, fuelled by conflict, natural disasters and climate change, the World Health Organization (WHO) said on Friday.

    The UN health agency registered almost 810,000 cases and 5,900 deaths from the preventable disease in 2024; that’s about 50 per cent higher than the previous year, according to Dr Philippe Barboza, who leads WHO’s cholera team.

    He said the latest reported cases are almost certainly underestimates and that the disease continues to affect countries that were previously cholera-free.

    Funding cuts

    Recent cuts to international aid funding are also hindering the response, Dr Barboza said, giving the example of how in the previous two years, a donation of $6 million would have allowed WHO to fully control any outbreak occurring in either Malawi or Zambia.

    “But this amount of money is not available. So, this is a very major concern…outbreaks are getting worse and worse, deadlier and deadlier, but the funds are getting smaller and smaller.”

    WHO data indicates that for the first time in 10 years, Namibia reported infections this year, while Kenya, Malawi, Zambia and Zimbabwe are also experiencing a resurgence.

    Angola has also reported nearly 10,000 cholera infections so far during 2025 and 380 people have died from the disease up to the end of March.

    Its capital city Luanda has been badly affected. In the past 28 days, the country reported almost 3,500 cases – making up 56 per cent of all the cases across Africa.

    Conflict, mass displacement, natural disasters and climate change have intensified outbreaks, particularly in rural and flood-affected areas, with poor infrastructure and limited access to healthcare.  

    But it’s not all doom and gloom. In September, production of cholera vaccines reached record levels, with the highest number of doses since 2013.

    “We also need to increase funding to support the response effort,” Dr. Barboza said. 

    Situation remains critical in Eastern DR Congo, say peacekeepers

    The UN peacekeeping mission in the Democratic Republic of the Congo, MONUSCO, continues to implement its mandates amidst a still critical security situation in the restive east, said UN Spokesperson Stéphane Dujarric on Friday.

    While reciprocal attacks between the CODECO and Zaire militias are continuing to target civilians in Ituri, MONUSCO continues to “push for an effective process of local political dialogue and to negotiate the safe release of abducted civilians,” including children.

    Regarding the situation in the regional capital Goma which was overrun by Rwanda-backed M23 rebels in January, Mr. Dujarric said that “non-essential international staff for the UN are returning to Goma,” although “the protection situation under the M23 occupation remains challenging”.

    Mass displacements

    On the humanitarian end, renewed hostilities in North Kivu between armed groups in Rutshuru have “triggered the displacement of some 7,500 people,” said Mr. Dujarric.

    Local partners have also reported a raid on Mukongola General Referral Hospital by armed elements in the South Kivu province. “They vandalized the maternity ward, the pharmaceutical supplies and injured at least one individual,” he added.

    While Mr. Dujarric said that “humanitarian partners [were] working tirelessly to scale up assistance despite the insecurity and the constraints,” UN colleagues on the ground have reported that “ongoing military operations continue to impede humanitarian access.”

    “We reiterate our call for immediate, safe and sustained access to all areas,” the UN Spokesperson concluded.

    Pandemic control exercise puts WHO emergency system to the test

    The World Health Organization (WHO has successfully concluded a two-day exercise simulating the outbreak of a fictional virus spreading across the world – and what it will take to contain it.

    Convened by more than 15 countries, 20 regional health agencies, health emergency networks and other partners, “Exercise Polaris” was designed to test a new global coordination mechanism for health emergencies, under the umbrella of the WHO’s Global Health Emergency Corps (GHEC).

    “This exercise proves that when countries lead and partners connect, the world is better prepared,” said WHO chief Tedros Adhanom Ghebreyesus.

    Coordination and collaboration

    GHEC’s structure, which emphasises the importance of coordinating the deployment of surge teams and experts – and of enhancing collaboration between countries – “shows that global cooperation is not only possible, it is essential,” said Tedros. “No country can face the next pandemic alone.”

    Throughout the simulation, while countries were leading their own response efforts, WHO provided technical guidance and emergency support.

    “The Global Health Emergency Corps has evolved into a powerful platform, building on practice, trust and connection,” said Dr Mike Ryan, Executive Director of WHO’s Health Emergencies Programme. “Exercise Polaris showed what is possible when countries operate with urgency and unity supported by well-connected partners.”

    MIL OSI United Nations News

  • MIL-OSI: PIMCO Closed-End Funds Announce Proposed Reorganizations

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 04, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of each of the following funds has approved the following proposals to reorganize the PIMCO closed-end municipal funds (each, a “Merger” and collectively, the “Mergers”), subject to the various shareholder approvals and other contingencies described below:

    • National Mergers: PIMCO Municipal Income Fund (NYSE: PMF) and PIMCO Municipal Income Fund III (NYSE: PMX) with and into PIMCO Municipal Income Fund II (NYSE: PML);
    • New York Mergers: PIMCO New York Municipal Income Fund (NYSE: PNF) and PIMCO New York Municipal Income Fund III (NYSE: PYN) with and into PIMCO New York Municipal Income Fund II (NYSE: PNI); and
    • California Mergers: PIMCO California Municipal Income Fund II (NYSE: PCK) and PIMCO California Municipal Income Fund III (NYSE: PZC) with and into PIMCO California Municipal Income Fund (NYSE: PCQ).

    If the Mergers are consummated, each of PML, PNI, and PCQ (each, an “Acquiring Fund”) would acquire all of the assets and liabilities of, as applicable, PMF, PMX, PNF, PYN, PCK, and PZC (each, an “Acquired Fund”), and the common shares of each Acquired Fund would, in effect, be exchanged for new common shares of the corresponding Acquiring Fund with an equal aggregate net asset value. In addition, each Fund has one or more series of Remarketable Variable Rate MuniFund Term Preferred Shares (“RVMTP Shares”) outstanding. As part of each Merger, the outstanding RVMTP Shares of each Acquired Fund are expected to, in effect, be exchanged for RVMTP Shares of the corresponding Acquiring Fund with an aggregate liquidation preference equal to, and other terms that are substantially identical to, the corresponding series of RVMTP Shares of each such Acquired Fund.

    Each Merger is subject to approval by the applicable Acquiring Fund’s common shareholders to issue additional common shares (the “Merger Shares”) to be distributed to the Acquired Funds’ shareholders and, with respect to each Acquired Fund, the consent to the Merger of its RVMTP shareholders, as applicable. No Merger will be contingent upon the consummation of any other Merger. Common shareholders of the Acquiring Funds will be asked to vote on the applicable proposals at a Special Meeting of shareholders expected to take place on or about June 27, 2025, at a time and location to be stated in the proxy statement/prospectus (the “Shareholder Meeting”). A proxy statement/prospectus containing information about the meeting and the proposed reorganizations is expected to be mailed to each Acquiring Fund’s shareholders of record as of April 14, 2025. The proxy statement/prospectus will also be distributed to Acquired Fund shareholders to serve as a prospectus and an information statement for the Acquiring Fund Merger Shares. No action is needed from common shareholders of the Acquired Funds.

    Following the Mergers, each Acquiring Fund will continue to be managed in accordance with its existing investment objective and strategies:

    • PML seeks to provide current income exempt from federal income tax.
    • PNI seeks to provide current income exempt from federal, New York State and New York City income tax.
    • PCQ seek to provide current income exempt from federal and California income tax.

    The proxy statement/prospectus will include a comparison of, and more information regarding, the Acquiring Funds and their applicable Acquired Funds’ investment objective and strategies and other policies.

    It is currently expected that the Mergers will be completed on or about August 1, 2025, subject to PIMCO’s market outlook and operational considerations, the shareholder approvals described above and the satisfaction of applicable regulatory requirements and customary closing conditions.

    Further information regarding the proposals is contained in a proxy statement/prospectus that has been filed publicly and will be mailed to shareholders in the near future once declared effective.

    About PIMCO

    PIMCO was founded in 1971 in Newport Beach, California and is one of the world’s premier fixed income investment managers. Today we have offices across the globe and 3,000+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

    This press release is not intended to, and does not, constitute an offer to purchase or sell shares of the funds; nor is this press release intended to solicit a proxy from any shareholder of the funds. The solicitation of the purchase or sale of securities or proxies to effect each Merger described herein will only be made by a final, effective registration statement, which will include a definitive joint proxy statement/prospectus, after the registration statement is declared effective by the Securities and Exchange Commission (“SEC”).

    This press release references a joint proxy statement/prospectus filed by each Acquiring Fund and to be distributed as a proxy statement/prospectus to the shareholders of each Acquiring Fund and as a prospectus and an information statement to the shareholders of each Acquired Fund. The joint proxy statement/prospectus may be amended or withdrawn. The joint proxy statement/prospectus has not yet been declared effective by the SEC and will not be distributed to shareholders of the funds unless and until it is declared effective by the SEC.

    Investors and shareholders are urged to read the applicable joint proxy statement/prospectus and any other relevant documents when they become available because they will contain important information about the proposed reorganizations. After it is filed, free copies of the joint proxy statement/prospectus will be available on the SEC’s website at www.sec.gov.

    Except for the historical information and discussions contained herein, statements contained in this press release constitute forward-looking statements. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO’s sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

    This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. PIMCO Investments LLC, 1633 Broadway, New York, NY 10019, is a company of PIMCO. ©2025, PIMCO.

    For information on PIMCO Closed-End Funds:
    Financial Advisors: (800) 628-1237
    Shareholders: (844) 337-4626 or (844) 33-PIMCO
    PIMCO Media Relations: (212) 597-1054

    The MIL Network

  • MIL-OSI United Nations: UN rolls out key initiative to combat antisemitism

    Source: United Nations 2

    Human Rights

    Amid rising concerns over antisemitism worldwide, the UN on Friday announced the roll out of a major action plan to combat the scourge – aimed at enhancing monitoring and response across the whole UN system.

    The action plan, spearheaded by the UN Alliance of Civilizations (UNAOC) and the Office of the Special Adviser on the Prevention of Genocide, was launched in January this year amid deepening political and social tensions and a resurgence of “insidious centuries-old myths”, said a joint statement from the top UN officials leading the effort.

    The systematic approach builds upon past initiatives to address antisemitism and other forms of identity-based hatred, reinforcing the Organization’s commitment to promoting equality, justice and human dignity.

    As one of the first concrete steps in implementation, the UN is developing an online learning module in partnership with the UN System Staff College. It’s designed to equip users with the knowledge and tools to recognise and respond to antisemitism.

    Unwavering commitment

    “The United Nations was created in the aftermath of the Holocaust. Our efforts to respond and combat antisemitism, as well as all other manifestations of extremism and incitement to any religious hatred and violence, remain unwavering and are needed more than ever before,” said Miguel Ángel Moratinos, High Representative for UNAOC.

    “Our joint efforts in spearheading the implementation of the Action Plan will contribute to and build on the broader framework of the United Nations’ work in addressing identity-based hatred.”

    A crucial aspect of responding to antisemitism lies in actively countering and debunking the harmful stereotypes that perpetuate it. These stereotypes, often rooted in centuries-old conspiracy theories and disinformation, create a climate of fear and distrust.

    They foster collective blame towards Jewish communities, based on false narratives or perceived collective responsibility for various societal issues or actions. Alarmingly, they can also lead to denial or distortion of the Holocaust.

    Reject stereotypes

    Virginia Gamba, acting Special Adviser on the Prevention of Genocide, emphasised the importance of strengthening global awareness.

    “Being able to better recognise manifestations of antisemitism and these harmful stereotypes, and to have more knowledge to counter it, will further strengthen the work of UN colleagues globally,” she said.

    We must also never forget that intolerance, discrimination and attacks against one religious community, lead to intolerance, discrimination and attacks on others as well.

    MIL OSI United Nations News

  • MIL-OSI: National Bank Holdings Corporation Announces Date for 2025 First Quarter Earnings Release

    Source: GlobeNewswire (MIL-OSI)

    DENVER, April 04, 2025 (GLOBE NEWSWIRE) — National Bank Holdings Corporation (NYSE: NBHC) expects to report its first quarter financial results after the markets close on Tuesday, April 22, 2025. Management will host a conference call to review the results at 11:00 a.m. Eastern Time on Wednesday, April 23, 2025. Interested parties may listen to this call by dialing (877) 400-0505 using the participant passcode of 7036929 and asking for the NBHC Q1 2025 Earnings Call. A recording of the call will be available approximately four hours after the call’s completion on the Company’s website at www.nationalbankholdings.com by visiting the investor relations area.

    About National Bank Holdings Corporation

    National Bank Holdings Corporation is a bank holding company created to build a leading community bank franchise delivering high quality client service and committed to stakeholder results. Through its bank subsidiaries, NBH Bank and Bank of Jackson Hole Trust, National Bank Holdings Corporation operates a network of over 90 banking centers, serving individual consumers, small, medium and large businesses, and government and non-profit entities. Its banking centers are located in its core footprint of Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico and Idaho. Its comprehensive residential mortgage banking group primarily serves the bank’s core footprint. Its trust business is operated in its core footprint under the Bank of Jackson Hole Trust charter. NBH Bank operates under a single state charter through the following brand names as divisions of NBH Bank: in Colorado, Community Banks of Colorado and Community Banks Mortgage; in Kansas and Missouri, Bank Midwest and Bank Midwest Mortgage; in Utah, Texas, New Mexico and Idaho, Hillcrest Bank and Hillcrest Bank Mortgage; and in Wyoming, Bank of Jackson Hole and Bank of Jackson Hole Mortgage. Additional information about National Bank Holdings Corporation can be found at www.nationalbankholdings.com.

    For more information visit: cobnks.com, bankmw.com, hillcrestbank.com, bankofjacksonhole.com, or nbhbank.com. Or connect with any of our brands on LinkedIn.

    Contact:  
    Analysts/Institutional Investors:
    Emily Gooden, 720-554-6640
    Chief Accounting Officer and Investor Relations Director
    ir@nationalbankholdings.com

    Nicole Van Denabeele, 720-529-3370
    Chief Financial Officer
    ir@nationalbankholdings.com

    Media:
    Jody Soper, 303-784-5925
    Chief Marketing Officer
    Jody.Soper@nbhbank.com
       

    Source: National Bank Holdings Corporation

    The MIL Network

  • MIL-OSI: Grayscale Investments® Announces Rebalancing of Multi-Asset Funds for First Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    STAMFORD, Conn., April 04, 2025 (GLOBE NEWSWIRE) — Grayscale Investments®, a leading crypto asset management firm, offering more than 30 crypto investment products, and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (Digital Large Cap Fund), Grayscale® Decentralized Finance (DeFi) Fund (OTCQB: DEFG) (DeFi Fund), Grayscale® Smart Contract Fund (GSC Fund), and Grayscale® Decentralized AI Fund (AI Fund), today announced the updated Fund Component weightings for each product in connection with their respective first quarter 2025 reviews.

    In accordance with the CoinDesk Large Cap Select Index methodology, Grayscale has adjusted GDLC’s portfolio by purchasing and selling the existing Fund Components in proportion to their respective weightings. At the end of the day on April 3, 2025, GDLC’s Fund Components were a basket of the following assets and weightings*:

    • Bitcoin (BTC), 79.59%
    • Ether (ETH), 10.54%
    • XRP (XRP), 5.86%
    • Solana (SOL), 2.88%
    • Cardano (ADA), 1.13%

    In accordance with the CoinDesk DeFi Select Index methodology, Grayscale has adjusted DEFG’s portfolio by purchasing and selling the existing Fund Components in proportion to their respective weightings. At the end of the day on April 3, 2025, DEFG’s Fund Components were a basket of the following assets and weightings*:

    • Uniswap (UNI), 42.75%
    • Aave (AAVE), 27.44%
    • MakerDAO (MKR), 12.81%
    • Lido (LDO), 8.80%
    • Curve (CRV), 8.20%

    In accordance with the CoinDesk Smart Contract Platform Select Capped Index methodology, Grayscale has adjusted GSC Fund’s portfolio by selling NEAR Protocol (NEAR) and existing Fund Components in proportion to their respective weightings, and using the cash proceeds to purchase existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, NEAR was removed from GSC Fund. At the end of the day on April 3, 2025, GSC Fund’s Fund Components were a basket of the following assets and weightings*:

    • Ether (ETH), 30.92%
    • Solana (SOL), 29.05%
    • Cardano (ADA), 22.91%
    • Avalanche (AVAX), 7.45%
    • Sui (SUI), 7.04%
    • Polkadot (DOT), 2.63%

    In accordance with AI Fund methodology, Grayscale has adjusted AI Fund’s portfolio by selling Livepeer (LPT) and existing Fund Components in proportion to their respective weightings, and using the cash proceeds to purchase existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, LPT was removed from AI Fund. At the end of the day on April 3, 2025, AI Fund’s Fund Components were a basket of the following assets and weightings**:

    • NEAR Protocol (NEAR), 30.94%
    • Bittensor (TAO), 20.42%
    • Filecoin (FIL), 20.12%
    • Render (RENDER), 19.26%
    • The Graph (GRT), 9.26%

    None of GDLC, DEFG, GSC, or AI Fund generate any income, and all regularly distribute Fund Components to pay for ongoing expenses. Therefore, the amount of Fund Components represented by shares of each fund gradually decreases over time.

    For more information, please visit grayscale.com.

    This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

    *The compositions of GDLC, DEFG, and GSC Fund are evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components, in accordance with the index methodologies established by the Index Provider. Holdings and weightings of each Fund are subject to change. Investors cannot directly invest in an index.

    **The composition of the AI Fund is evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components, in accordance with the fund methodology established by Grayscale as the Manager of the Fund. Holdings and weightings of the AI Fund are subject to change.

    About Grayscale® Digital Large Cap Fund

    Digital Large Cap Fund seeks to provide investors with exposure to large-cap coverage of the digital asset market through a market cap-weighted portfolio designed to track the CoinDesk Large Cap Select Index. Digital Large Cap Fund holds the largest and most liquid digital assets that meet certain trading and custody requirements and are classified in the CoinDesk Digital Asset Classification Standard (DACS); the weightings of each Fund Component change daily and are published around 4:00 p.m. NY-time. Additional information on the Index methodology can be found at: https://www.coindesk.com/indices/dlcs/.

    Digital Large Cap Fund’s investment objective is for its Shares to reflect the value of Fund Components held by the Digital Large Cap Fund, less its expenses and other liabilities. To date, the Digital Large Cap Fund has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of Fund Components held by the Digital Large Cap Fund, less the Digital Large Cap Fund’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

    Grayscale Digital Large Cap Fund LLC (“GDLC”) has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents GDLC has filed with the SEC for more complete information about GDLC and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, GDLC or any authorized participant will arrange to send you the prospectus after filing if you request it by emailing info@grayscale.com or by contacting Grayscale Securities, 290 Harbor Drive, Stamford, CT 06902.

    About Grayscale® Decentralized Finance Fund

    DeFi Fund seeks to provide investors with exposure to a selection of industry-leading decentralized finance platforms through a market cap-weighted portfolio designed to track the CoinDesk DeFi Select Index. DeFi Fund holds some of the largest and most liquid digital assets that meet certain trading and custody requirements and are classified in the DeFi sector defined by CoinDesk Digital Asset Classification Standard (DACS); the weightings of each Fund Component change daily and are published around 4:00 p.m. NY-time. Additional information on the CoinDesk DeFi Select Index methodology can be found at: https://www.coindesk.com/indices/dfx/.

    DeFi Fund’s investment objective is for its Shares to reflect the value of Fund Components held by the DeFi Fund, less its expenses and other liabilities. To date, the DeFi Fund has not met its investment objective and the Shares quoted on OTCQB have not reflected the value of Fund Components held by the DeFi Fund, less the DeFi Fund’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

    About Grayscale® Smart Contract Fund

    GSC Fund seeks to provide investors with exposure to a selection of industry-leading Smart Contract Platforms through a market cap-weighted portfolio subject to a weightings cap, designed to track the CoinDesk Smart Contract Platform Select Capped Index. GSC Fund holds some of the largest and most liquid digital assets that meet certain trading and custody requirements, and are classified in the Smart Contract Platform sector defined by CoinDesk Digital Asset Classification Standard (DACS); the weightings of each Fund Component change daily and are published around 4:00 p.m. NY-time.

    Grayscale intends to attempt to have shares of this product quoted on a secondary market. However, there is no guarantee this will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in this product should not assume that the shares will ever obtain such an approval due to a variety of factors, including questions regulators such as the SEC, FINRA or other regulatory bodies may have regarding the product. As a result, shareholders of this product should be prepared to bear the risk of investment in the shares indefinitely.

    Smart contracts are a new technology and ongoing development may magnify initial problems, cause volatility on the networks that use smart contracts and reduce interest in them, which could have an adverse impact on the value of digital assets that deploy smart contracts.

    Extreme volatility of trading prices that many digital assets have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of the products and the shares could lose all or substantially all of their value.

    Grayscale Investments Sponsors, LLC (“Grayscale Investments”) is not registered as an investment adviser under the Investment Advisers Act of 1940 and none of the investment products sponsored or managed by Grayscale are registered under the Investment Company Act of 1940.

    About Grayscale® Decentralized AI Fund

    AI Fund seeks to provide investors with exposure to protocols building Decentralized AI services, protocols building solutions to centralized AI-related problems, and infrastructure and resources critical to AI technology development.

    Grayscale intends to attempt to have shares of this new product quoted on a secondary market. However, there is no guarantee this will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in this product should not assume that the shares will ever obtain such an approval due to a variety of factors, including questions regulators such as the SEC, FINRA or other regulatory bodies may have regarding the product. As a result, shareholders of this product should be prepared to bear the risk of investment in the shares indefinitely.

    Decentralized AI is a new technology and ongoing development may magnify initial problems, cause volatility on the networks that use decentralized AI and reduce interest in them, which could have an adverse impact on the value of digital assets that rely on decentralized AI.

    Extreme volatility of trading prices that many digital assets have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of the products and the shares could lose all or substantially all of their value.

    About Grayscale Investments®

    Grayscale enables investors to access the digital economy through a family of future-forward investment products. Founded in 2013, Grayscale has a decade-long track record and deep expertise as an asset management firm focused on crypto investing. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure. Grayscale products are distributed by Grayscale Securities, LLC (Member FINRA/SIPC).

    Media Contact
    press@grayscale.com

    Client Contact
    866-775-0313
    info@grayscale.com

    The MIL Network

  • MIL-OSI United Nations: Economic and Social Council Fills Vacancies in 15 Subsidiary Bodies

    Source: United Nations 4

    The Economic and Social Council convened today to conduct elections, nominations, confirmations, and appointments to fill vacancies in 15 of its subsidiary bodies. 

    The Council, which plays a vital role in advancing the economic, social and environmental dimensions of sustainable development, oversees a complex ecosystem of subsidiary entities, comprising regional and functional commissions, standing committees, and expert and ad hoc bodies. 

    For instance, its Statistical Commission, established in 1946, is responsible for the development of international statistics concepts and methods, including their implementation at the national and international level.  The United Nations Permanent Forum on Indigenous Issues, formed in 2000, advises the Council on Indigenous peoples’ rights and provides recommendations to Member States on issues affecting indigenous communities. And the Commission on Narcotic Drugs formulates international drug policies and oversees the implementation of global drug control treaties. 

    Statistical Commission

    The Council by secret ballot today elected Romania to the Statistical Commission for a four-year term beginning on 1 January 2026 and expiring on 31 December 2029.  In a second round of balloting, the Russian Federation was elected for the same four-year term. 

    Since the number of candidates from the African States, the Asia-Pacific States, the Latin American and Caribbean States and the Western European and other States was equal to the number of vacancies, the Council also elected Austria, Benin, Brazil, Burundi, China, Cuba, Eritrea, Finland, Morocco, Mozambique, Namibia, Netherlands, New Zealand, Norway, Peru and Uzbekistan by acclamation for the same four-year term. 

    Commission on Population and Development

    To the Commission on Population and Development, the Council elected Bolivia, Cameroon, China, Cuba, Ireland, Ghana, Malaysia, Mongolia, Norway, Russian Federation, Senegal, United Kingdom and the United Republic of Tanzania by acclamation for a four-year term of office beginning at the first meeting of the Commission’s sixtieth session in 2026 and expiring at the close of its sixty-third session in 2030. 

    The Council also elected Albania, by acclamation, to the Commission for a term of office beginning on 4 April 2025 and expiring at the close of the Commission’s fifty-ninth session in 2026.  Japan and the Philippines were elected, by acclamation, for a four-year term beginning at the first meeting of the fifty-ninth session and expiring at the close of the sixty-second session in 2029.

    Commission on the Status of Women

    To the Commission on the Status of Women, the Council elected Cabo Verde, China, Gabon, Japan, Maldives, Mongolia, Morocco, Qatar, United Republic of Tanzania and Zimbabwe, by acclamation, for a four-year term of office beginning at the first meeting of the Commission’s seventy-first session in 2026 and expiring at the close of its seventy-fourth session in 2030.

    Commission on Narcotic Drugs

    To the Commission on Narcotic Drugs, the Council elected from the Asia-Pacific States — by secret ballot — Pakistan, Kazakhstan, United Arab Emirates and Kyrgyzstan for a four-year term beginning on 1 January 2026 and expiring on 31 December 2029.  From the Eastern European States, it elected Slovenia, Lithuania and Ukraine, and from the Western European and Other States, it elected Belgium, Germany, Switzerland, Australia and, in a second round of balloting, France, for the same four-year term beginning on 1 January 2026. 

    Commission on Crime Prevention and Criminal Justice

    From the African States and the Latin American and Caribbean States, the Council elected Bolivia, Burkina Faso, Colombia, Côte d’Ivoire, Ghana, Honduras, Mauritania and Trinidad and Tobago, by acclamation, to the Commission on Crime Prevention and Criminal Justice for a four-year term of office beginning on 1 January 2026.

    Permanent Forum on Indigenous Issues

    To the Permanent Forum on Indigenous Issues, the Council elected by secret ballot from the Eastern European States Valts Ernštreits of Latvia and Suleiman Mamutov of Ukraine for a three-year term of office beginning on 1 January 2026.

    Since the number of candidates from the African States, the Asia-Pacific States, the Latin American and Caribbean States and the Western European and other States was equal to or less than the number of vacancies, the Council elected Brenda Gunn of Canada, Nan Li of China, Rodrigo Paillalef Monnard of Chile, Diego A. Tituaña Matango of Ecuador and Anne-Chantal Nama of Cameroon, by acclamation, for the same three-year term of office. 

    Executive Board of the United Nations Children’s Fund

    Since the number of candidates from the Asia-Pacific States, the Eastern European States, the Latin American and Caribbean States and the Western European and other States was equal to or less than the number of vacancies, the Council elected Antigua and Barbuda, China, Georgia, Guatemala, Iceland, Japan, Kyrgyzstan, Norway, Ukraine and the United Kingdom, by acclamation, to the Executive Board of the United Nations Children’s Fund for a three-year term of office beginning on 1 January 2026.

    The Council also elected by acclamation Canada, Türkiye and Liechtenstein to complete the unexpired term of office of Australia, France and Portugal, respectively, beginning on 1 January 2026 and expiring on 31 December 2027.  Australia, France and Portugal resigned from their seats on the Executive Board effective 31 December 2025.  

    Executive Board of the United Nations Development Programme/United Nations Population Fund/United Nations Office for Project Services

    Next, the Council elected Armenia, Bolivia, China, Cuba, Estonia, Finland, Japan, Nepal, Norway, Rwanda and the United States, by acclamation, to the Executive Board of the United Nations Development Programme/United Nations Population Fund/United Nations Office for Project Services for a three-year term of office beginning on 1 January 2026.

    The Council also elected by acclamation Monaco, New Zealand and Türkiye to complete the unexpired term of office of Austria, Luxembourg and Ireland, respectively, beginning on 1 January 2026 and expiring on 31 December 2026.  Switzerland was elected to complete the unexpired term of office of Belgium, beginning on 1 January 2026 and expiring on 31 December 2027.  Austria, Belgium, Luxembourg and Ireland resigned from their seats on 31 December 2025.

    Executive Board of the United Nations Entity for Gender Equality and the Empowerment of Women

    The Council next elected Burkina Faso, China, Colombia, Democratic Republic of the Congo, Japan, the Philippines, Republic of Korea, Russian Federation, Rwanda and Senegal by acclamation to the Executive Board of the United Nations Entity for Gender Equality and the Empowerment of Women for a three-year term of office beginning on 1 January 2026. 

    Executive Board of the World Food Programme

    The Council also elected Cuba, Gabon and Kenya by acclamation to the Executive Board of the World Food Programme for a three-year term of office beginning on 1 January 2026.

    Programme Coordinating Board of the Joint UN Programme on HIV/AIDS (UNAIDS)

    The Council by secret ballot elected Ukraine to the Programme Coordinating Board of the Joint UN Programme on HIV/AIDS (UNAIDS) for a three-year term of office beginning on 1 January 2026.  Further, it elected Kenya, by acclamation, to the Programme Coordinating Board for the same term.

    The Council then elected by acclamation the Philippines to complete the unexpired term of office of Japan, beginning on 4 April 2025 and expiring on 31 December 2027.

    Committee for Programme and Coordination

    The Council next nominated China, Cuba, Egypt, Nigeria, Republic of Korea and Senegal, for election by the General Assembly to the Committee for Programme and Coordination for a three-year term beginning on 1 January 2026. 

    Commission for Social Development 

    To the Commission for Social Development, the Council elected Switzerland, by acclamation, for a term beginning on 4 April 2025 and expiring at the close of the Commission’s sixty-seventh session in 2029. 

    Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting

    Next, the Council elected Belarus, Colombia, India and Kyrgyzstan, by acclamation, to the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting, each for a term of office beginning on 4 April 2025 and expiring on 31 December 2027.  Greece was elected, by acclamation, to the same body for a term of office beginning on 4 April 2025 and expiring on 31 December 2026.

    Committee for the United Nations Population Award

    Finally, the Council elected Cyprus, by acclamation, to the Committee for the United Nations Population Award for a term of office beginning on 4 April 2025 and expiring on 31 December 2027.

    MIL OSI United Nations News