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Category: Politics

  • MIL-OSI Analysis: Clawback of $1.1B for PBS and NPR puts rural stations at risk – and threatens a vital source of journalism

    Source: The Conversation – USA – By Allison Perlman, Associate Professor of Film & Media Studies, University of California, Irvine

    Nathan Heffel and Grace Hood rehearse their Colorado Public Radio public affairs program in Centennial, Colo., in 2017. Andy Cross/The Denver Post via Getty Images

    The U.S. Senate narrowly approved on July 16, 2025, a bill that would claw back federal funding for the Corporation for Public Broadcasting, which distributes money to NPR, PBS and their affiliate stations. The US$9 billion rescission package will withdraw $1.1 billion Congress had previously approved for the CPB to receive in the 2026 and 2027 fiscal years. In addition, it makes deep foreign aid cuts. All Democrats present voted against the measure, joined by two Republicans: Sens. Susan Collins of Maine and Lisa Murkowski of Alaska. As long as the House, which approved a previous version, votes in favor of the Senate’s version of the bill by midnight July 18, Trump will be able to meet a budgetary deadline by signing the measure into law in time for it to take effect.

    What will happen to NPR, PBS and local stations?

    NPR and PBS provide programming to local public television and radio stations across the country. The impact on them will be direct and indirect.

    Both NPR and PBS receive money from the Corporation for Public Broadcasting, an independent nonprofit corporation Congress created in 1967 to receive and distribute federal money to public broadcasters. More than 70% of the money it distributes flows directly to local stations. Some stations get up to half of their budgets from the CPB.

    But NPR and PBS get much of their funding from foundation grants, viewers’ and listeners’ donations, and corporate underwriting. And local public radio and TV stations also get support from an array of sources besides CPB.

    “There’s nothing more American than PBS,” said the network’s CEO, Paula Kerger, at a congressional hearing on March 26, 2025.

    Only about 1% of NPR funding, and 15% of PBS funding, comes directly from the government via the CPB. However, once local radio and television stations lose federal funding, they’ll be less able to pay NPR and PBS for the programs they produce.

    The nearly 1,500 public media stations in the U.S. rely on a mix of NPR, PBS and third-party producer programming, such as American Public Media and PRX, for the programs they offer. Local stations also produce and air regional news and provide emergency broadcasts for the government.

    In rural areas with few broadcast stations and spotty cellphone coverage, public broadcast stations are vital sources of information about important community news and updates during emergencies. Federal support is essential for the programming and day-to-day operations of many local stations and allows for the maintenance of equipment and personnel to operate these vital community resources.

    We believe that stations in communities that most need them, especially in rural locations, would be hit especially hard because they rely heavily on CPB funding.

    Why are Republicans taking this step?

    Public broadcasting has long been a target of conservative Republicans. They say that with a highly diversified media landscape, the public no longer needs media that is subsidized by federal dollars. They also claim that public broadcasting has a liberal bias and taxpayers should not be required to fund media that slants to the left politically.

    Why is public media necessary when there’s news on the internet?

    As journalism revenue has plummeted, public broadcasting has remained a vital source for news in communities across the nation. This is especially true in rural communities, where economic and political pressures have threatened the survival of local journalism.

    In addition, with much online news coverage placed behind paywalls, public radio and television plays an important role in making quality journalism available to the American public.

    Want crucial information about water systems in your drought-prone community? Public radio station KVMR in Nevada City, Calif., has a program for you.
    KVMR screenshot

    Why did Congress approve these funds 2 years ahead?

    Public broadcasting has gotten roughly $550 million per year from the federal government in recent years. The CPB has always approved and designated those funds two years in advance, due to a provision in the Public Broadcasting Act of 1967, after Congress has voted to provide that money. The CPB then has distributed that funding primarily through grants to PBS and NPR affiliate stations to support their technical infrastructure, program development and audience research.

    What are the consequences for Native communities?

    Dozens of Native American stations are at risk of closing once the CPB is defunded. Native Public Media, a network of 57 radio stations and four TV stations, is a key source of news and information for tribal communities across the nation and relies on CPB support.

    U.S. Sen. Mike Rounds, a South Dakota Republican, publicly stated that he secured an agreement with the White House to move $9.4 million in Interior Department funding to two dozen Native American stations. But there is no provision related to this promise within the legislation.

    Allison Perlman is the co-chair of the Scholars Advisory Committee of the American Archive of Public Broadcasting.

    Josh Shepperd and Allison Perlman are under contract to co-author an update of the history of public broadcasting for Current, public media’s trade journal, and the Corporation for Public Broadcasting. Josh and Allison are not paid employees or vendors of either institution.

    – ref. Clawback of $1.1B for PBS and NPR puts rural stations at risk – and threatens a vital source of journalism – https://theconversation.com/clawback-of-1-1b-for-pbs-and-npr-puts-rural-stations-at-risk-and-threatens-a-vital-source-of-journalism-255826

    MIL OSI Analysis –

    July 18, 2025
  • MIL-OSI USA: Lee Bill Bans Disparate Impact from Civil Rights Law

    US Senate News:

    Source: United States Senator for Utah Mike Lee
    Codifies President Trump’s Civil Rights Reforms
    WASHINGTON – U.S. Senator Mike Lee (R-UT) introduced the Restoring Equal Opportunity Act today to codify President Trump’s Executive Order prohibiting the use of disparate impact policies that incentivize racial hiring quotas. U.S. Representative Brandon Gill (R-TX) is the legislation’s co-lead in the House of Representatives.
    “Disparate impact has undermined equal opportunity in hiring for generations,” said Senator Mike Lee. “These policies are antithetical to the Constitution, keeping hardworking men and women from the jobs they deserve. It’s un-American, and it’s going to stop. The Restoring Equal Opportunity Act will prohibit this woke practice and support President Trump’s fight for equality under the law.” 
    “Americans deserve equal opportunity, not race-based quotas,” said Rep. Gill. “Equality under the law is a core American principle, ensuring every citizen’s right to equal protection and due process. I’m proud to introduce the Restoring Equal Opportunity Act alongside Senator Lee to bring merit, rather than DEI, back to our hiring and selection processes.”
    Background
    Title VII of the Civil Rights Act prohibits employment discrimination based on race, religion, color, sex, or national origin. The purpose of this prohibition is clear: to prevent clear and overt instances of discrimination by prohibiting employers from engaging in the kinds of discriminatory practices that had become commonplace during the Jim Crow era.
    In the 1971 case of Griggs v. Duke Power Company, the Supreme Court expanded this standard by ruling that in addition to overt discrimination, Title VII also prohibited any employment practices that have a “disparate impact” on minorities. The Court alleged that though Duke Power Company’s policies were not intentionally discriminatory, they could not implement job requirements that have a disparate impact on minorities and are judged to have no relation to job performance.
    This unfair standard practically requires employers to impose racial quotas to avoid potential legal liability. Disparate impact prevents employers from making hiring decisions based solely on qualification and skill and requires them to engage in behavior that goes against the spirit and the letter of the Constitution. Congress codified the disparate impact standard into law via the 1991 Civil Rights Act and the Fair Housing Act, and disparate impact theory has since become the de facto method of determining discrimination.
    On April 23rd, President Trump issued an executive order to end usage of the disparate impact standard in all areas of the United States government. President Trump’s executive order is a much-needed correction, and Senator Lee’s Restoring Equal Opportunity Act would permanently put an end to disparate impact and fully restore equal opportunity under the law.
    The Restoring Equal Opportunity Act:
    Prohibits any disparate impact claims under Title VII of the Civil Rights Act or the Fair Housing Act. 
    Codifies President Trump’s “Restoring Equality of Opportunity and Meritocracy” executive order.  

    Read exclusive coverage from The Daily Caller here.

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI USA: Senators Rosen & Gallego, Representative Garcia Introduce Bill to Declare Extreme Heat as a Major Disaster

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)

    WASHINGTON, DC – U.S. Senators Jacky Rosen (D-NV) and Ruben Gallego (D-AZ), and Congresswoman Sylvia Garcia (D-TX-29) introduced legislation to declare extreme heat as a major disaster so that communities can access federal aid. Their Extreme Heat Emergency Act would explicitly authorize extreme heat as eligible for a Major Disaster Declaration by the President under the Stafford Act, which recognizes fires, floods, explosions, hurricanes, tornadoes, and earthquakes as eligible disasters. This would help communities like those in Nevada, Arizona, and Texas access federal resources and funding to respond to these disasters and prepare for future extreme heat waves. On Monday, Las Vegas had the hottest day recorded so far this year, and the death toll of heat-related deaths has already risen to 29 people in Southern Nevada.
    “Last year, more than 500 people died in one single county in Nevada from heat-related illnesses,” said Senator Rosen. “Current federal policy ignores the physical and health risks that such extremely high temperatures have on our communities, which is why I’m introducing a bill to change that. By classifying extreme heat as a major disaster, our communities will be able to receive the federal funding needed to respond and prepare for future extreme heat events.”
    “Each year, extreme heat kills more Americans than every other form of extreme weather combined. But still the federal government sits on the sideline, leaving state and local governments to drain their funds trying to keep people safe,” said Senator Gallego. “By adding extreme heat to FEMA’s list of major disasters, we can unlock the funds and support our communities desperately need.”
    “If you found out that thousands of Americans were dying every year from a single cause, you’d be shocked to learn that the federal government has no plan. But that’s exactly what’s happening with extreme heat. Without a disaster declaration, federal response teams and experts are forced to sit on the sidelines while people suffer and die. That’s unconscionable and it needs to change,” said Congresswoman Sylvia Garcia. “I’m proud to sponsor the Extreme Heat Emergency Act with Senators Rosen and Gallego to ensure local and state governments don’t have to face this challenge alone. Federal law must catch up to the reality we’re living.”
    “It’s only mid-July, and the Southwest, Pacific Northwest, the Midwest, the Mid-Atlantic, and New England have already experienced record high temperatures. Each year, extreme heat causes thousands of deaths and hundreds of billions of dollars in damages to critical infrastructure and economic productivity and overwhelms the capabilities of local governments,” said Hannah Safford, Associate Director of Climate and Environment at the Federation of American Scientists. “The Extreme Heat Emergency Act recognizes extreme heat for what it is – an emergency – that the federal government needs to be ready to support response to before, during, and after the disaster. Recognizing extreme heat as an emergency is critical to a heat-ready nation, as FAS emphasizes in its 2025 Heat Policy Agenda.”
    Senator Rosen has been leading the fight to ensure that Nevadans have access to federal resources to stay safe during natural disasters. For years, she has been calling on the Federal Emergency Management Agency to provide federal assistance to address extreme heat in Nevada. Last summer, Senator Rosen visited a cooling center in Las Vegas to discuss the need for federal resources to protect against extreme heat.

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI United Nations: UN sounds alarm over Syria as sectarian clashes, Israeli strikes flare

    Source: United Nations 4

    The Druze-majority Sweida governorate, long relatively insulated from earlier phases of Syria’s 14‑year conflict, has now become a flashpoint.

    Briefing an emergency meeting of the Security Council, UN Assistant Secretary‑General Khaled Khiari painted a grim picture: hundreds of casualties among soldiers and civilians –including women, children and the elderly – alongside reports of mass displacement, attacks on infrastructure, and hospitals “at or near capacity” amid power and water cuts.

    “There were further alarming reports of civilians, religious figures and detainees being subjected to extrajudicial executions and humiliating and degrading treatment,” he said.

    Violent reprisals and looting have devastated communities, with graphic footage circulating widely on social media amplifying fear and anger.

    He urged all parties to protect civilians and civilian infrastructure.

    Timeline of escalation

    12 July: Series of mutual kidnappings in Sweida escalate into armed clashes between Bedouin tribes and Druze armed groups.

    14 July: Syrian security forces deploy to “halt clashes” and “restore order”. At least 10 personnel reportedly killed by Druze armed groups, others abducted. Reports surface of the abuses against civilians as forces enter Sweida.

    Clashes intensify, leaving hundreds dead or wounded among security forces and Druze fighters, casualties also reported among Druze and Bedouin civilians, including women, children and the elderly. Sectarian rhetoric surges on social media.

    15-16 July: Hundreds of Druze from the occupied Syrian Golan and Syria gather on both sides of the ceasefire line, in the presence of the Israel Defense Forces (IDF), expressing solidarity with the Druze community in Sweida.

    Israeli airstrikes compound crisis

    Against this backdrop, Israel, “pledging to protect” the Druze community launched “escalatory” strikes on Syrian territory, Mr. Khiari said.

    Between 12 and 16 July, air raids targeted Damascus authorities’ forces and official buildings, military installations and the vicinity of the Presidential Palace.

    “In addition to violating Syria’s sovereignty and territorial integrity, Israel’s actions undermine efforts to build a new Syria at peace with itself and the region, and further destabilise Syria at a sensitive time,” Mr. Khiari said.

    He urged both Israel and Syria to uphold the 1974 Disengagement of Forces Agreement and “refrain from any action that would further undermine it and the stability on the Golan.”

    UN Photo/Eskinder Debebe

    A wide view of the UN Security Council meeting on the situation in Syria.

    Humanitarian fallout

    According to the UN Office for the Coordination of Humanitarian Affairs (OCHA) there are severe disruption to supply routes, with insecurity and road closures blocking aid deliveries. The UN World Health Organization (WHO) dispatched trauma care supplies to Daraa, but Sweida remains inaccessible.

    Mr. Khiari stressed the need for humanitarian access and called on Damascus to ensure any investigations into alleged abuses are “transparent and in line with international standards.”

    Call for genuine reconciliation

    Reaffirming the Security Council’s March call for an inclusive, Syrian-owned political process under resolution 2254, Mr. Khiari warned: “Security and stability in Sweida, and indeed in post-Assad Syria can only be achieved through genuine reconciliation and with the participation of all components of Syria’s diverse society.”

    He urged all Syrian stakeholders to commit to dialogue and emphasised the UN’s support for an inclusive and credible political transition that ensures accountability, fosters national healing and lays the foundation for Syria’s long-term recovery and prosperity.

    “Only then, can Syria truly emerge from the legacy of conflict and embrace a peaceful future,” he concluded.

    ASG Khiari briefs the Security Council.

    MIL OSI United Nations News –

    July 18, 2025
  • MIL-OSI USA: Rep. Fitzgerald Statement on the Passage of Bills during ‘Crypto Week’

    Source: United States House of Representatives – Congressman Scott Fitzgerald (WI-05)

    WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05), member of the House Financial Services Committee, issued the following statements in response to the passage of three digital asset-related pieces of legislation: the Digital Asset Market Clarity Act of 2025 (CLARITY), Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS) Act, and Anti-CBDC Surveillance State Act.

    On the CLARITY Act:
    “For too long, our entrepreneurs and investors have faced uncertainty from federal regulators involving digital assets,” said Congressman Fitzgerald. “The CLARITY Act bill finally sets the ground rules, reins in regulatory overreach, and empowers the next generation of digital market builders to thrive here in the United States, not overseas.”

    On the GENIUS Act:
    “Stablecoins present a major opportunity to modernize payments. The GENIUS Act strikes the right balance by fostering innovation while putting clear guardrails in place,” said Congressman Fitzgerald. “It’s a serious, thoughtful approach to payments innovation—without handing the keys to Washington bureaucrats.”

    On the Anti-CBDC Surveillance State Act:
    “A government-controlled digital dollar is a direct threat to privacy, financial freedom, and the American way of life,” said Congressman Fitzgerald. “That’s why I’m a proud cosponsor of the Anti-CBDC Surveillance State Act, which ensures that no federal agency can use a Central Bank Digital Currency to monitor or control how law-abiding Americans spend their money.”

    ###

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI United Nations: Secretary-General’s remarks to press following informal meeting on Cyprus

    Source: United Nations secretary general

    Ladies and gentlemen of the media,

    Thank you for joining us.

    Today, I convened a meeting I proposed in March with the clear goal of pursuing the constructive dialogue between the Greek Cypriot and Turkish Cypriot Leaders.

    I am grateful for the participation of His Excellency Nicos Christodoulides, and His Excellency Ersin Tatar.

    And I thank the Foreign Minister of Greece, His Excellency Giorgios Gerapetritis, the Foreign Minister of Türkiye, His Excellency Hakan Fidan, and the Minister of State for Europe, North America and Overseas Territories of the United Kingdom, His Excellency Stephen Doughty, who represents the guarantor powers of Cyprus. 

    From the very start of my mandate, I have been committed to the security and well-being of the Cypriots — the Greek Cypriots and the Turkish Cypriots.

    Once again, today’s discussions were constructive.

     Both leaders reviewed the progress on the six initiatives they agreed in March to build trust. 

     Out of these six initiatives, four have been achieved:

     –          the creation of a technical committee on youth;

    –          initiatives on the environment and climate change, including the impact on mining areas;

    –          the restoration of cemeteries;

    –          an agreement on demining will be closed once the final technical details are established;

    Discussions will continue on the remaining two:

    –         – the opening of four crossing points; and

    –          -solar energy in the buffer zone.

    In addition, they came to a common understanding on:

    –          -a consultative body for civil society engagement;

    –          -exchange of cultural artifacts;

    –          -an initiative on air quality monitoring; and

    –          -addressing microplastic pollution.

    It is critical to implement these initiatives – all of them – as soon as possible for the benefit of all Cypriots.

    We also agreed that I would have a joint meeting with Mr. Tatar and Mr. Christodoulides during the high-level week, and that there would be another informal meeting in the present format later this year.

    As with the six initiatives agreed in March, the initiatives agreed today have the potential to have a real and significant positive impact on peoples’ lives across the island.

    They are not merely symbolic gestures, but issues that require cooperation.

    There’s a long road ahead.

    And it is important to think about what the future can mean – for all Cypriots.

    But these steps clearly demonstrate a commitment to continuing a dialogue on the way forward and working on initiatives that benefit all Cypriots.

     Thank you.

    I will answer three questions.
    Question: Thank you. Thank you Secretary-General. Serife Cetin, Anadolu Agency. I just wanted to ask you, sir, what is the impediment that hinders progress on opening of new crossing points? What would you say is the main challenge on this issue?

    Secretary-General: We have reached an agreement on the crossing points themselves. There is a question of an itinerary in relation to one of them that will be further discussed now. But there was important progress in this regard.

    Question: The new points have not been, opening new crossing points have not been decided?

    Secretary-General: Before we need to finish the agreement. As I said, there is still a question of itinerary to be addressed in future discussions.

    Question: What is the problem with the itinerary?

    Secretary-General: These are very technical things that are in the language that I do not dominate.

    But as I said, there was a lot of progress, but there are still some aspects of itinerary that need to be addressed.

    Question: Mr. Secretary-General, would you consider this is a start for a new round of negotiations? Could you say that? Is it a new start for a new round?

    Secretary-General: I think that this is a process, a complex process. We all know that there are very different points of view from the two sides in relation to a solution on the problem of Cyprus. But I think we are building, step by step, confidence and creating the conditions to do concrete things to the benefit of the Cypriot people, and, with a total consensus that this process must go on.

    Question: Were you happy with the results?

    Secretary-General: I am happy, of course, I would like much more, but this is a complex issue and I think that we made progress that needs to be registered.

    Last question.

    Question: Thank you, Mr. Secretary-General, I have a question on Syria. As you know, we see another clashes between the Druze community and the new government in Syria. We saw another massacre a couple of months ago against Alawites, against Christians and the Kurds. So, the question is, in your opinion, do you think a federal system can be a solution for Syria, or do you think it’s something against its territorial integrity? Thank you

    Secretary-General: It’s absolutely essential to achieve two things. One is the unity of the Syrian state, in the respect of its sovereignty, but with the full integration of the different communities in the state of Syria, and with all communities fully respected and their rights fully respected. The second thing is the need to respect the territorial integrity of Syria. It is for the Syrians to solve the Syrian problem.

    Thank you very much.

    MIL OSI United Nations News –

    July 18, 2025
  • MIL-OSI USA: Armstrong appoints Bismarck attorney Marina Spahr to South Central Judicial District judgeship

    Source: US State of North Dakota

    Gov. Kelly Armstrong today appointed Bismarck attorney Marina Spahr to an open judgeship in the South Central Judicial District, effective Sept. 15. Spahr has practiced civil and criminal law for more than 30 years, both in private practice and government service.

    Spahr has served as an assistant attorney general and director of the North Dakota Medicaid Fraud Control Unit within the Attorney General’s Office since 2019. Prior to that, she served nearly four years as a senior assistant Burleigh County state’s attorney, specializing in felony-level crimes with direct victim impact. From 1994 to 2015, Spahr worked in private practice in Carrington and Cooperstown, specializing in family law, real estate, probate and contracts, among other areas. During that time, she also served as a state’s attorney or assistant state’s attorney in Pembina, Wells, Griggs and Steele counties, and as a special assistant state’s attorney for Barnes, Eddy, Foster, McLean and Ward counties.

    A native of Saskatoon, Saskatchewan, Spahr earned her bachelor’s degree from the University of Saskatchewan and her law degree in 1992 from the University of North Dakota School of Law in Grand Forks. She has served in more than 70 civil and criminal trials and made 20 North Dakota Supreme Court appearances.

    The South Central Judicial District judgeship vacancy was created by the June 6 retirement of Judge David E. Reich, who had served the district since 2006. Three attorneys were named as finalists for the judgeship, which is chambered in Bismarck.

    The South Central Judicial District consists of Burleigh, Emmons, Grant, McLean, Mercer, Morton, Oliver, Sheridan and Sioux counties.

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI USA: AG Brown joins lawsuit challenging Trump administration rule that would make it harder for Washingtonians to obtain health coverage under the ACA

    Source: Washington State News

    By the Trump administration’s own estimates, the rule will cause up to 1.8 million people to lose their health insurance

    SEATTLE – Attorney General Nick Brown today joined a multistate coalition in filing a lawsuit challenging an unlawful final rule promulgated by the U.S. Department of Health and Human Services (HHS) and Centers for Medicare & Medicaid Services (CMS) that would create significant barriers to obtaining health care coverage under the Affordable Care Act (ACA).

    Congress passed the Affordable Care Act in 2010 to increase the number of Americans with health insurance and decrease the cost of health care. The following year, Washington established the Washington Health Benefit Exchange, building a stable, competitive individual market for health and dental insurance and enabling people to access subsidies to make coverage more affordable, leading to a drop in the state’s uninsured rate from 14.2 percent in 2011 to 4.8 percent in 2023.

    But now the Trump administration is turning back the clock with this final rule, rushed through with an unlawfully short 23-day notice and comment period, that will make it more difficult for people to enroll and keep their health insurance. The administration concedes that up to 1.8 million people across the country will likely lose their health insurance.

    In Washington, the final rule would lead to:

    • Tens of thousands fewer people enrolling in health insurance through the Washington Health Benefit Exchange,
    • The loss of as much as $10 million in annual revenue to the Washington Health Benefit Exchange due to decreased enrollment, and
    • $100 million in uninsured and largely uncompensated hospital care costs, that would then be borne by state taxpayers, providers, carriers, and employers.

    The final rule also excludes coverage of gender-affirming care as an Essential Health Benefit under the ACA. Insurers in Washington will continue to cover gender-affirming care as required by state law. But the rule change means the state will have to defray the expense of these medically necessary insurance benefits, costing state taxpayers about one million dollars annually. 

    “The Trump administration seems determined to undo the progress we’ve made in the past 15 years to help people get medical treatment when they need it,” Brown said. “People in Washington deserve the health care coverage they’re entitled to under the law, and I will continue fighting to protect that access.”

    “Everyone deserves affordable health care,” Washington Governor Bob Ferguson said. “Washington will stand with our partners across the country against the Trump administration’s efforts to strip away people’s health care. Reversing this unlawful rule will help thousands of Washingtonians hold on to their health coverage.”

    “The federal rule from this administration puts up barriers to accessing care that people have counted on for years, makes health insurance more expensive for consumers, and shifts financial burdens to states,” said Insurance Commissioner Patty Kuderer. “Washington state has a stable insurance market today and strong provisions in place to protect against fraud and abuse in our marketplace. The federal government should help us make health insurance more accessible and less costly for people, not more complicated and expensive to obtain.”

    “In the past decade, Washington state’s uninsured rate has dropped significantly, in large part due to the availability of marketplace health insurance plans offered through Washington Health Benefit Exchange. This rule will sharply curtail that progress and reverse years of significant gains,” said Ingrid Ulrey, CEO of the Washington Health Benefit Exchange. “We estimate that this rule, combined with other federal changes, will result in enrollment loss of one-third or more of our current customer base of 280,000 Washington residents.”

    Brown and attorneys general from 19 other states, along with the governor of Pennsylvania, are suing because the rule creates harmful changes to insurance marketplaces and health coverage subsidies. The rule shortens the period people can sign up for health insurance, raises premiums for people who do purchase individual insurance, and drives up costs for the plaintiff states, including covering the expense of medical care for people who lose insurance due to the final rule. 

    The attorneys general argue that the rule is arbitrary and capricious and violates the Administrative Procedure Act. The coalition is asking the court to prevent the challenged portions of the final rule from taking effect in the plaintiff states before the August 25 effective date.

    Joining Brown in this lawsuit are the attorneys general of Arizona, California, Colorado, Connecticut, Delaware, Illinois, Maryland, Maine, Massachusetts, Michigan, Minnesota, New Jersey, Nevada, New Mexico, New York, Oregon, Rhode Island, Vermont, and Wisconsin, as well as Pennsylvania Governor Josh Shapiro, on behalf of the Commonwealth of Pennsylvania.

    A copy of the complaint is available here.

    -30-

    Washington’s Attorney General serves the people and the state of Washington. As the state’s largest law firm, the Attorney General’s Office provides legal representation to every state agency, board, and commission in Washington. Additionally, the Office serves the people directly by enforcing consumer protection, civil rights, and environmental protection laws. The Office also prosecutes elder abuse, Medicaid fraud, and handles sexually violent predator cases in 38 of Washington’s 39 counties. Visit www.atg.wa.gov to learn more.

    Media Contact:

    Email: press@atg.wa.gov

    Phone: (360) 753-2727

    General contacts: Click here

    Media Resource Guide & Attorney General’s Office FAQ

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI USA: Thirteenth Defendant Pleads Guilty in Transnational Scheme to Defraud U.S. Consumers

    Source: US State of California

    A Peruvian national pleaded guilty yesterday for his participation in transnational mail and wire fraud schemes that targeted vulnerable United States consumers.

    According to court documents, David Cornejo Fernandez, 36, of Lima, Peru, facilitated fraud schemes that stole millions of dollars from Spanish-speaking victims across the United States. Cornejo provided Internet-based telephone lines, caller-ID spoofing services, and recording capabilities to a network of fraudulent call centers based in Peru. Relying on Cornejo’s services, those call centers defrauded and extorted thousands of Spanish-speaking victims by falsely threatening them with court proceedings, fines, and other consequences. Cornejo further provided the call centers with the technology – and, at times, the training – to convincingly impersonate federal agents, police officers, attorneys, court personnel, and other government officials in order to extort payments from victims. Cornejo was extradited from Peru in November 2024 to face charges related to the scheme.        

    Cornejo is the 13th defendant to be convicted in connection with a $15 million transnational fraud scheme that defrauded and threatened Spanish-speaking U.S. consumers. These fraudsters falsely claimed the victims would suffer severe legal, financial and other consequences if they did not pay for English-language products. Collectively, the scheme was responsible for defrauding more than 30,000 United States consumers, many of whom were vulnerable.

    “The Department of Justice is committed to protecting vulnerable U.S. consumers from fraud, especially schemes carried out by criminals impersonating U.S. government officials,” said Assistant Attorney General Brett A. Shumate of the Justice Department’s Civil Division. “Those who target American consumers from abroad will be identified, prosecuted, and held accountable for their crimes. We thank the Republic of Peru for their assistance in arresting and extraditing this defendant and others involved in these scams.”

    “The defendant thought he could hide behind borders and phone lines, but the Postal Inspection Service is relentless when it comes to protecting American consumers,” said Acting Inspector in Charge Bladismir Rojo, U.S. Postal Inspection Service, Miami Division. “Setting up fake call centers to harass and intimidate innocent victims, Cornejo and his co-conspirators, crafted a campaign of fear designed to rob people of not only their savings but their peace of mind. If you target Americans, no matter where you are in the world we will find you.”

    In pleading guilty, Cornejo admitted that he provided his co-conspirators with the technology to manipulate the phone numbers on victims’ caller IDs, which enabled them to place threatening calls that appeared to be coming from U.S. federal agencies, court officials or law enforcement agencies. Cornejo also placed recordings on his co-conspirators’ inbound phone lines that appeared to be recordings from actual U.S. courts, police departments and federal agencies. These recordings enhanced the apparent legitimacy of the threatening calls and were used to extort payments from vulnerable consumers in the Southern District of Florida and across the United States. Cornejo also regularly replaced telephone numbers that victims reported as fraudulent, thus enabling his co-conspirators to continue with the fraudulent scheme. 

    Yesterday, Cornejo pleaded guilty to conspiracy to commit mail and wire fraud. A sentencing hearing is scheduled before the Senior U.S. District Judge Robert N. Scola in Miami on Sep. 25.  Cornejo faces a maximum penalty of 20 years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    USPIS and the Consumer Protection Branch investigated the case.

    Senior Trial Attorney and Transnational Criminal Litigation Coordinator Phil Toomajian and Trial Attorney Carolyn Rice of the Consumer Protection Branch are prosecuting the case and Assistant U.S. Attorney Annika Miranda for the Southern District of Florida is handling asset forfeiture. The Justice Department’s Office of International Affairs, U.S. Attorney’s Office for the Southern District of Florida, State Department’s Diplomatic Security Service, U.S. Marshals Service, Peruvian National Prosecutor General’s Office and Peruvian National Police provided critical assistance.

    If you or someone you know is age 60 or older and has experienced financial fraud, experienced professionals are standing by at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This Justice Department hotline, managed by the Office for Victims of Crime, can provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Case managers will identify appropriate reporting agencies, provide information to callers to assist them in reporting, connect callers directly with appropriate agencies and provide resources and referrals, on a case-by-case basis. Reporting is the first step. Reporting can help authorities identify those who commit fraud and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. The hotline is open Monday through Friday from 10:00 a.m. to 6:00 p.m. ET. English, Spanish and other languages are available.

    More information about the department’s efforts to help American seniors is available at its Elder Justice Initiative webpage. For more information about the Consumer Protection Branch and its enforcement efforts, visit www.justice.gov/civil/consumer-protection-branch. Elder fraud complaints can be filed with the FTC at www.reportfraud.ftc.gov/ or at 877-FTC-HELP. The Justice Department provides a variety of resources relating to elder fraud victimization through its Office for Victims of Crime, which can be reached at www.ovc.gov.

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI Security: Man Sentenced to Seven and a Half Years in Prison for Robbing Five Suburban Chicago Financial Institutions

    Source: Office of United States Attorneys

    CHICAGO — A man who robbed four banks and a credit union in the Chicago suburbs has been sentenced to more than seven and a half years in federal prison. 

    CHARLES LAWLER entered the financial institutions and presented demand notes while his friend, TARANDLE LEE, waited outside as the getaway driver.  Together, the pair robbed three banks and a credit union, while Lawler also robbed an additional bank by himself.

    The robberies were as follows:

    • Sept. 22, 2021: Lawler robbed BMO Harris Bank in Naperville, Ill.
    • Sept. 28, 2021: Lawler and Lee robbed Old Second Bank in Lisle, Ill.
    • Oct. 6, 2021: Lawler and Lee robbed Bank Financial in Westmont, Ill.
    • Jan. 3, 2022: Lawler and Lee robbed BMO Harris Bank in Woodridge, Ill.
    • April 14, 2022: Lawler and Lee robbed DuPage Credit Union in Downers Grove, Ill.

    Lawler, 54, of Villa Park, Ill., was arrested in 2023 and has remained detained in law enforcement custody.  He pleaded guilty to the first three robberies and stipulated to his role in the final two.  On Tuesday, U.S. District Judge Robert W. Gettleman sentenced Lawler to seven years and eight months in federal prison.

    Lee, 45, of Bolingbrook, Ill., was arrested in 2023 and has remained detained in law enforcement custody.  A federal jury in Chicago earlier this year convicted Lee on all four robbery counts against him.  Lee’s sentencing hearing has not yet been scheduled.

    Lawler’s sentence was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.  Valuable assistance was provided by the Downers Grove, Ill. Police Department, Bellwood, Ill. Police Department, Woodridge, Ill. Police Department, and Villa Park, Ill. Police Department.  The government is represented by Assistant U.S. Attorneys Alejandro G. Ortega and Jonathan L. Shih.

    MIL Security OSI –

    July 18, 2025
  • MIL-OSI Security: Thirteenth Defendant Pleads Guilty in Transnational Scheme to Defraud U.S. Consumers

    Source: United States Attorneys General

    A Peruvian national pleaded guilty yesterday for his participation in transnational mail and wire fraud schemes that targeted vulnerable United States consumers.

    According to court documents, David Cornejo Fernandez, 36, of Lima, Peru, facilitated fraud schemes that stole millions of dollars from Spanish-speaking victims across the United States. Cornejo provided Internet-based telephone lines, caller-ID spoofing services, and recording capabilities to a network of fraudulent call centers based in Peru. Relying on Cornejo’s services, those call centers defrauded and extorted thousands of Spanish-speaking victims by falsely threatening them with court proceedings, fines, and other consequences. Cornejo further provided the call centers with the technology – and, at times, the training – to convincingly impersonate federal agents, police officers, attorneys, court personnel, and other government officials in order to extort payments from victims. Cornejo was extradited from Peru in November 2024 to face charges related to the scheme.        

    Cornejo is the 13th defendant to be convicted in connection with a $15 million transnational fraud scheme that defrauded and threatened Spanish-speaking U.S. consumers. These fraudsters falsely claimed the victims would suffer severe legal, financial and other consequences if they did not pay for English-language products. Collectively, the scheme was responsible for defrauding more than 30,000 United States consumers, many of whom were vulnerable.

    “The Department of Justice is committed to protecting vulnerable U.S. consumers from fraud, especially schemes carried out by criminals impersonating U.S. government officials,” said Assistant Attorney General Brett A. Shumate of the Justice Department’s Civil Division. “Those who target American consumers from abroad will be identified, prosecuted, and held accountable for their crimes. We thank the Republic of Peru for their assistance in arresting and extraditing this defendant and others involved in these scams.”

    “The defendant thought he could hide behind borders and phone lines, but the Postal Inspection Service is relentless when it comes to protecting American consumers,” said Acting Inspector in Charge Bladismir Rojo, U.S. Postal Inspection Service, Miami Division. “Setting up fake call centers to harass and intimidate innocent victims, Cornejo and his co-conspirators, crafted a campaign of fear designed to rob people of not only their savings but their peace of mind. If you target Americans, no matter where you are in the world we will find you.”

    In pleading guilty, Cornejo admitted that he provided his co-conspirators with the technology to manipulate the phone numbers on victims’ caller IDs, which enabled them to place threatening calls that appeared to be coming from U.S. federal agencies, court officials or law enforcement agencies. Cornejo also placed recordings on his co-conspirators’ inbound phone lines that appeared to be recordings from actual U.S. courts, police departments and federal agencies. These recordings enhanced the apparent legitimacy of the threatening calls and were used to extort payments from vulnerable consumers in the Southern District of Florida and across the United States. Cornejo also regularly replaced telephone numbers that victims reported as fraudulent, thus enabling his co-conspirators to continue with the fraudulent scheme. 

    Yesterday, Cornejo pleaded guilty to conspiracy to commit mail and wire fraud. A sentencing hearing is scheduled before the Senior U.S. District Judge Robert N. Scola in Miami on Sep. 25.  Cornejo faces a maximum penalty of 20 years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    USPIS and the Consumer Protection Branch investigated the case.

    Senior Trial Attorney and Transnational Criminal Litigation Coordinator Phil Toomajian and Trial Attorney Carolyn Rice of the Consumer Protection Branch are prosecuting the case and Assistant U.S. Attorney Annika Miranda for the Southern District of Florida is handling asset forfeiture. The Justice Department’s Office of International Affairs, U.S. Attorney’s Office for the Southern District of Florida, State Department’s Diplomatic Security Service, U.S. Marshals Service, Peruvian National Prosecutor General’s Office and Peruvian National Police provided critical assistance.

    If you or someone you know is age 60 or older and has experienced financial fraud, experienced professionals are standing by at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This Justice Department hotline, managed by the Office for Victims of Crime, can provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Case managers will identify appropriate reporting agencies, provide information to callers to assist them in reporting, connect callers directly with appropriate agencies and provide resources and referrals, on a case-by-case basis. Reporting is the first step. Reporting can help authorities identify those who commit fraud and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. The hotline is open Monday through Friday from 10:00 a.m. to 6:00 p.m. ET. English, Spanish and other languages are available.

    More information about the department’s efforts to help American seniors is available at its Elder Justice Initiative webpage. For more information about the Consumer Protection Branch and its enforcement efforts, visit www.justice.gov/civil/consumer-protection-branch. Elder fraud complaints can be filed with the FTC at www.reportfraud.ftc.gov/ or at 877-FTC-HELP. The Justice Department provides a variety of resources relating to elder fraud victimization through its Office for Victims of Crime, which can be reached at www.ovc.gov.

    MIL Security OSI –

    July 18, 2025
  • MIL-OSI USA: As Chaotic Trump Tariffs Drive Price Hikes, Warren, Baldwin, Schakowsky, Deluzio Propose New Tools to Fight Price Gouging

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    July 17, 2025
    Text of Bill (PDF) | Bill One-Pager (PDF)
    Washington, D.C. — U.S. Senators Elizabeth Warren (D-Mass.) and Tammy Baldwin (D-Wis.), along with Representatives Jan Schakowsky (D-Ill.) and Chris Deluzio (D-Pa.) reintroduced the Price Gouging Prevention Act to fight back against the corporate greed enabled by the Trump administration’s chaotic tariff policies. The bill would give the Federal Trade Commission (FTC) and state attorneys general new tools to enforce a federal ban against grossly excessive price increases.
    The last five years have repeatedly shown us that giant corporations will take advantage of inflation and supply chain disruptions to expand their profit margins by raising prices higher than necessary to cover cost increases. President Trump’s on-again, off-again tariffs have created yet another opportunity for corporate price gouging. The tariff-driven uncertainty gives companies the opportunity to raise prices on all goods, regardless of whether they are actually subject to new tariffs, higher and for longer than what is necessary to cover any cost increases. Now, dozens of companies have reported raising the prices of goods and services unaffected by Trump’s tariffs. 
    “Donald Trump’s reckless tariff policies are giving companies cover to squeeze families and raise prices more than necessary. My bill is an opportunity for Congress to stand up for families by cracking down on price gouging and fighting back against corporate abuse,” said Senator Warren.
    Last week, Senator Warren and 16 other Democrats urged the FTC to investigate tariff-enabled corporate price gouging that is raising costs for American families and use its full authority to prevent it.
    “The biggest corporations in our country jack up the cost of everyday household items, take in record profits, and give their executives huge bonuses – all on the backs of hard-working Wisconsin families. Donald Trump claimed he would lower prices – so far, he has done just the opposite and is even opening the door to more price gouging. But, if we pass this bill, we can rein that in and give Wisconsinites some breathing room and allow them to save for the future,” said Senator Baldwin. “Our bill will finally crack down on corporate greed and help stop those big companies at the top of the food chain from sticking families with exorbitant costs.”
    “Prices are still too high, and inflation is still pounding folks. Especially now, we need to rein in monopolists and other huge corporations with the power to price gouge the American people,” said Congressman Deluzio. “By upping FTC enforcement practices and boosting transparency, this bill will take some of the squeeze off American families and small businesses suffering under the thumb of out-of-control corporate power.”
    “President Donald Trump promised to lower costs, but we have seen the exact opposite. Greedy corporations are using the economic turmoil the Trump Administration has created to gouge the American people on everything from groceries to consumer goods. While these large corporations rake in record profits, families in my community and across the country are struggling to put food on the table,” said Congresswoman Jan Schakowsky. “Our bill will finally put an end to price gouging by empowering the FTC and state attorneys general to hold bad actors accountable when they take advantage of consumers.”
    Senator Warren introduced this bill in the 116th Congress, 117th Congress, and again in the 118th Congress. 
    The Price Gouging Prevention Act of 2025 would help the federal government and state attorneys general fight corporate price gouging. The bill would: 
    Prohibit price gouging at the federal level—anytime and anywhere. The bill would clarify that price gouging is an unfair and deceptive practice under the FTC Act. It would allow the FTC and state attorneys general to stop sellers from charging a grossly excessive price, regardless of where the price gouging occurs in a supply chain or distribution network; 
    Help enforcers establish when price gouging is occurring during a significant shift in trade policy. The bill lists a set of exceptional market shocks—including an “abrupt or significant shift in trade policy”—and outlines a standard for a presumptive violation of the price gouging prohibition during such a shock, such as when companies brag about increasing prices; 
    Create an affirmative defense for small businesses acting in good faith. Small and local businesses sometimes must raise prices in response to crisis-driven increases in their costs because they have little negotiating power with their price-gouging suppliers. This affirmative defense protects small businesses earning less than $100 million from frivolous litigation if they show legitimate cost increases; 
    Require public companies to clearly disclose costs and pricing strategies. During periods of exceptional market shock, the bill requires public companies to transparently disclose and explain changes in their cost of goods sold, gross margins, and pricing strategies in their quarterly SEC filings; and 
    Provide $1 billion in additional funding to the FTC to carry out its work.
    Senators Richard Blumenthal (D-Conn.), John Fetterman (D-Pa.), Andy Kim (D-N.J.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Bernie Sanders (I-Vt.), Elissa Slotkin (D-Mich.), and Sheldon Whitehouse (D-R.I.) joined as co-sponsors. 
    Representatives Angie Craig (D-Minn.), Maggie Goodlander (D-N.H.), Hank Johnson (D-Ga.), Ro Khanna (D-Calif.), Eleanor Holmes Norton (D-D.C.), Jerry Nadler (D-N.Y.), Mary Gay Scanlon (D-Pa.), Rashida Tlaib (D-Mich.), and Paul Tonko (D-N.Y.) joined as co-sponsors. 
    “Consumers deserve and desperately need stronger protection against price gouging and unfair profiteering that this legislation will provide. As state Attorney in Connecticut, I saw firsthand how corporate greed leads wrongdoers to exploit loopholes in present law. American consumers should be safeguarded more effectively by imposing accountability and transparency,” said Senator Blumenthal.
    “Trump’s chaotic tariff policies handed large companies a free pass to jack up prices on the goods and services we rely on every day. As a result, hard-working Americans are being forced to take a smaller slice of the pie while corporate executives line their pockets. The Price Gouging Prevention Act gives regulators the teeth to shut this down,” said Senator Fetterman. “It forces big companies to be honest about why they’re raising prices, and it’ll bring relief at the grocery store and the pump to families across the Commonwealth.”
    “No one should be allowed to pad their pockets by price gouging hardworking Americans,” said Senator Kim. “At a moment when more and more people are feeling like they can’t afford the American dream, this bill is an important tool to stand up for working families, lower costs, and build an economy that looks after all Americans, not just the wealthiest few.”
    “Big corporations are making big profits, and some are cynically using Trump’s tariffs and trade threats to justify price increases on hard working people,” said Senator Markey. “While Republicans shower big corporations with lavish tax breaks, Senator Warren and Senator Baldwin are leading the fight to stand up for working people. I am proud to stand with my colleagues to co-sponsor the Price Gouging Prevention Act and end predatory profiteering.”
    “From outrageous prices for prescription medications, to the costs of groceries skyrocketing, it’s working families footing the bill while huge corporations gouge consumers to line their own pockets,” said Senator Merkley. “Americans deserve basic consumer protections from this harmful practice, and we need the Price Gouging Prevention Act to put people over profits.”
    “Michiganders know their pocketbooks. They know when they are getting taken for a ride.  The cost of living is too high in America, and it is keeping hard-working people out of the middle class,” said Senator Slotkin. “One way to attack that problem is to crack down on price gouging from the largest, multi-national corporations, who too often use a crisis or supply chain disruption to further squeeze Americans and raise prices. This bill strengthens the tools in our toolkit to go after bad-faith actors and protect the middle class.”
    “Corporate bad actors are using Trump’s tariff chaos as an excuse to hike prices far beyond their own cost increases to make even more money at the expense of hardworking Americans,” said Senator Whitehouse. “Our legislation will crack down on price gouging and lower costs for families.”
    This bill is endorsed by the following labor groups and organizations: AFL-CIO, UAW, USW, Accountable.US/Accountable.NOW, American Economic Liberties Project, Consumer Federation of America, Economic Security Project Action, Farm Action Fund, Food & Water Watch, Groundwork Collaborative, National Consumer Law Center (on behalf of its low-income clients), P Street, and Public Citizen. 
    “America’s working families are tired of giant corporations jacking up prices and taking a bigger and bigger slice of their paychecks just to pad their record-breaking profits. The Price Gouging Prevention Act is important legislation to crack down on this corporate greed, put some common-sense fairness back in our economy, and rein in the basic costs that are making it hard for working families to make ends meet,” said Liz Shuler, President of the AFL-CIO. 
    “Working families must never be squeezed by corporations using crises as cover to raise prices. The Price Gouging Prevention Act is a long-overdue check on corporate abuse, holding companies accountable and putting power back in the hands of consumers and workers. We’re proud to support it,” said David McCall, President of the United Steelworkers. 
    “The Trump administration has shown time and again it is on the side of the giant corporations squeezing profits from American families. While the President fans the flames on higher prices and fewer protections, the Price Gouging Prevention Act tackles corporate greed head on. It’s more important than ever that Congress take the initiative to defend American families from abusive price hikes in the marketplace,” said Caroline Ciccone, President of Accountable.US/Accountable.NOW. 
    “Cracking down on price gouging at the federal level is both commonsense and long overdue,” said Morgan Harper, Director of Policy and Advocacy at the American Economic Liberties Project. “From natural disasters to Trump’s tumultuous trade policy, big corporations are weaponizing chaos to pad their bottom line at the expense of hardworking Americans. Just like the laws many states across the country already have in place, Senator Warren’s price-gouging legislation prohibits opportunistic price increases now and during future crises to protect families and small businesses.”
    “Now, more than ever, we need to crack down on predatory corporations that weaponize economic turmoil by price-gouging hardworking Americans and lining their pockets with obscene profits. Congress should immediately pass the Price Gouging Prevention Act and give state and federal law enforcement agencies full power to stop corporations from preying on American families through this shameless profiteering,” said Erin Witte, Director of Consumer Protection for Consumer Federation of America.
    “More and more families are feeling the sting of our affordability crisis, and price gouging is a major cause. Price gouging puts basic needs like groceries, rent, and medications increasingly out of reach for millions just to line the pockets of corporate shareholders. The Price Gouging Prevention Act is a huge step towards ending this practice by holding corporate price gougers accountable,” said Adam Ruben, Director of Economic Security Project Action. 
    “For too long, corporate giants have used market disruptions as an excuse to gouge farmers and consumers, with little fear of consequences. We exposed abusive pricing schemes in the fertilizer, beef, and egg industries in recent years, yet the FTC has been hamstrung in its ability to take action. The legislation introduced by Senator Warren and her colleagues would enable antitrust enforcers to hold these corrupt corporations accountable, restoring fairness to our markets and bringing justice to America’s farmers and consumers,” said Joe Maxwell, President of Farm Action Fund. 
    “While everyday Americans are struggling to make ends meet, corporations continue to hike up prices and rake in record profits. The president’s chaotic trade policy has created the perfect environment for companies to raise prices on consumers well beyond the rate of inflation. Senator Warren’s legislation puts working families first by cracking down on these price gougers and ensuring consumers pay a fair price,” said Lindsay Owens, Executive Director of Groundwork Collaborative. 
    “Whether it’s airlines hiking prices after a hurricane, egg companies using flimsy excuses to quadruple costs, or oil giants colluding to keep prices high, we know corporations price gouge consumers for one simple reason: because they can,” said Joe Van Wye, Senior Legislative Strategist at P Street. “Decades of weak antitrust enforcement let these corporations grow unchecked—giving monopolies the power to squeeze families for every dollar. Senator Warren is taking on corporate greed head-on and demanding real accountability to put dollars back in Americans’ pockets. More of her colleagues should follow her lead.”

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI: Chemung Financial Corporation Reports Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    ELMIRA, N.Y., July 17, 2025 (GLOBE NEWSWIRE) — Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported a net loss of $6.5 million, or $1.35 per share, for the second quarter of 2025, compared to net income of $6.0 million, or $1.26 per share, for the first quarter of 2025, and net income of $5.0 million, or $1.05 per share, for the second quarter of 2024.

    “The Corporation executed two major components of a transformational balance sheet repositioning in the second quarter by issuing subordinated debt and selling a significant portion of our securities portfolio,” said Anders M. Tomson, President and CEO of Chemung Financial Corporation. “These strategic actions strengthen our regulatory capital position, improved commercial real estate concentration ratios, and enhanced our flexibility in funding loan growth in key expansion markets while positioning the Corporation to benefit from lower funding costs beginning in the third quarter,” Tomson added.

    “Core operating results for the quarter were solid and we remain encouraged by continued success in executing on principal initiatives. These results reflect the resilience of our customer base and the disciplined approach taken by our organization,” said Tomson. “The recent addition of deposit focused team members in our growth markets will complement the strong loan pipelines we are seeing across our footprint,” concluded Tomson.

    Second Quarter Highlights:

    • The Corporation issued $45.0 million in aggregate principal Fixed-to-Floating Rate Subordinated Notes on June 10, 2025, due June 2035. The notes qualify as tier 2 capital at Chemung Financial Corporation.
    • Available for sale securities with a book value of $245.5 million were sold in June 2025 as part of a balance sheet repositioning in conjunction with the Corporation’s subordinated debt issuance, resulting in a realized pre-tax loss of $17.5 million. Proceeds from the sales totaled $227.3 million.
    • Non-GAAP net income and earnings per share, excluding the impact of one-time items, was $6.3 million and $1.31, respectively, for the second quarter of 2025.1
    • Net interest margin increased nine basis points, to 3.05%, for the second quarter 2025, compared to 2.96% for the first quarter 2025, partially due to the impact of the Corporation’s balance sheet repositioning on the composition of interest-earning assets.1
    • Dividends declared during the second quarter of 2025 were $0.32 per share.

    1 See the GAAP to Non-GAAP reconciliations.

    2nd Quarter 2025 vs 1st Quarter 2025

    Net Interest Income:
    Net interest income for the second quarter of 2025 totaled $20.8 million, compared to $19.8 million for the prior quarter, an increase of $1.0 million, or 5.0%, driven by increases of $1.3 million in interest income on loans and $0.5 million in interest income on interest-earning deposits, partially offset by a decrease of $0.5 million in interest income on taxable securities and an increase of $0.4 million in interest expense on borrowed funds.

    Interest income on loans increased largely due to an increase of $30.8 million in average balances of total loans, compared to the prior quarter, an increase of 12 basis points in the average yield on total loans, compared to the prior quarter, and the recognition of $0.1 million in interest income on the payoff of a previously nonaccrual multifamily commercial mortgage. The increase in average balances of total loans was concentrated in commercial real estate. Average balances of commercial loans increased $39.2 million, due mainly to an increase in average balances of commercial real estate loans, while average balances of consumer loans decreased $9.3 million, each compared to the prior quarter. Average balances of residential mortgage loans were roughly in line with the prior quarter. Consumer loan average balances decreased primarily due to a decrease in average balances of indirect auto loans, as the Corporation largely continued to prioritize other types of lending, although auto loan origination activity increased toward the end of the second quarter. This decrease was partially offset by an increase in average balances of home equity lines of credit, largely due to promotional efforts in the first half of 2025. The increase in the average yield on total loans was largely driven by an increase of 11 basis points in the average yield on commercial loans, which was supported by stability in benchmark interest rates in the current period and strong origination yields in recent periods. Interest income recognized on the payoff of one nonaccrual multifamily commercial mortgage positively impacted the second quarter’s average commercial loan yield by approximately two basis points, and the total average loan yield by one basis point.

    Interest income on interest-earning deposits increased mainly due to an increase of $46.2 million in average balances of interest-earning deposits, largely comprised of proceeds from the Corporation’s sale of available for sale securities in the second quarter of 2025, as well as proceeds from the Corporation’s subordinated debt issuance in the second quarter of 2025. The Corporation maintained elevated levels of deposits at the Federal Reserve Bank of New York (FRBNY) at the end of the second quarter, partially in anticipation of the maturity of $155.0 million of total wholesale funding early in the third quarter of 2025. A portion of remaining balances of interest-earning deposits are expected to fund loan growth across the Corporation’s markets.

    Interest income on taxable securities decreased largely due to a decrease of $51.0 million in average balances of taxable securities, compared to the prior quarter, as well as a decrease of 20 basis points in the average yield on taxable securities, compared to the prior quarter. The decrease in average balances of taxable securities was due to both normal paydown activity on mortgage-backed and SBA pooled loan securities, as well as the Corporation’s sale of available for sale securities in the second quarter of 2025. The decrease in the average yield on taxable securities primarily reflected the sale of relatively higher-yielding securities, executed to optimize sale proceeds, which generally resulted in the sale of securities which had yields above the portfolio weighted average yield prior to the sale. Additionally, an increase in amortization on SBA pooled loan securities, driven by paydown activity prior to the sale, also contributed to the decrease.

    Interest expense on borrowed funds increased primarily due to the issuance of $45.0 million in subordinated notes in the second quarter of 2025, as well as an increase of $35.5 million in average balances of Federal Home Loan Bank of New York (FHLBNY) term advances, partially offset by a decrease of $16.4 million in average balances of FHLBNY overnight advances, both compared to the prior quarter. The subordinated notes were issued at a fixed interest rate of 7.75%, which will convert to a floating interest rate of the then-current Three-Month Term SOFR rate plus a spread of 415 basis points in the second quarter of 2030. There were $0.9 million in deferred issuance costs associated with the offering. The increase in average balances of FHLBNY term advances was primarily due to decreases in average balances of other types of wholesale funding, including FHLBNY overnight advances and brokered deposits. The average cost of FHLBNY term advances was consistent with the prior quarter, while the average cost of FHLBNY overnight advances decreased three basis points compared to the prior quarter.

    Interest expense on deposits decreased by less than $0.1 million compared to the prior quarter, largely due to decreases in the average cost of customer time deposits and brokered deposits of 21 and 26 basis points, respectively, and a decrease of $20.0 million in average balances of brokered deposits, compared to the prior quarter, mostly offset by an increase of 13 basis points in the average cost of savings and money market deposits, compared to the prior quarter. The decrease in the average cost of customer time deposits was mainly due to the duration of deposits in the portfolio and the repricing of CDs issued in earlier periods as deposits were renewed or matured. The decrease in average balances of brokered deposits was partially due to an increase in average balances of other wholesale funding sources. The increase in the average cost of savings and money market deposits was primarily due to municipal deposit inflows, which tend to carry a higher cost than equivalent products for consumer or commercial clients.

    Fully taxable equivalent net interest margin was 3.05% for the current quarter, compared to 2.96% for the prior quarter. Average interest-earning assets increased $20.2 million, while average interest-bearing liabilities increased $21.2 million during the second quarter, compared to the prior quarter. The average yield on interest-earning assets increased 11 basis points to 4.83%, while the average cost of interest-bearing liabilities increased two basis points to 2.57%, compared to the prior quarter. Total cost of funds was 1.94% for the current quarter, compared to 1.92% for the prior quarter, an increase of two basis points.

    Provision for Credit Losses:
    Provision for credit losses was $1.1 million for the second quarter of 2025, in line with the prior quarter. The provision was largely due to growth in commercial loan balances and changes in model inputs, including FOMC forecasts for increased unemployment and a decline in GDP growth, as well as declines in modeled prepayment speeds. A majority of loan balances charged-off in the second quarter related to loans that carried full specific allocations in the Corporation’s allowance for credit losses, and therefore did not affect the provision for credit losses for the quarter. Charge-offs on loans which did not carry specific allocations were comparable to the prior quarter.

    Non-Interest Income:
    The Corporation recognized a pre-tax loss of $17.5 million on the sale of a portion of its available for sale securities portfolio in the second quarter of 2025, resulting in overall negative non-interest income of $10.7 million for the quarter, compared to positive non-interest income of $5.9 million for the prior quarter. Recurring non-interest income (see Non-GAAP reconciliations), which excludes the loss on the sale of available for sale securities and the gain on the sale of a previous branch property, increased $0.3 million compared to the prior quarter, driven by an increase in the change in fair value of equity investments of $0.2 million.

    The loss recognized on the sale of available for sale securities was a major component of the Corporation’s strategic balance sheet repositioning, where proceeds from the sale of securities are largely expected to be used to pay off more expensive wholesale funding liabilities later in 2025 and fund future loan growth. The pre-tax loss of $17.5 million represents 7.1% of the book value of securities sold as of the transaction date. The composition of securities sold included all the Corporation’s U.S. Treasury and SBA pooled-loan securities, as well as portions of the Corporation’s mortgage-backed securities and municipal bond portfolios. The weighted average book yield and weighted average life of securities sold were approximately 2.1% and three years, respectively, while the weighted average book yield and weighted average life of securities remaining were approximately 2.0% and seven years, respectively.

    The Corporation also recognized a gain of $0.6 million on the sale of its previously disclosed held for sale branch property in Ithaca, New York. As previously disclosed all operations of the branch, formerly known as the “Ithaca Station” branch, were consolidated into a nearby branch in Ithaca in the fourth quarter of 2024. The increase in the change in fair value of equity investments was largely due to an increase in the market value of the Corporation’s deferred compensation plan, due to improvements in financial markets during the current quarter.

    Non-Interest Expense:
    Non-interest expense for the second quarter of 2025 was $17.8 million, compared to $16.9 million for the prior quarter, an increase of $0.9 million, or 5.3%, driven by increases of $0.4 million in salaries and wages, $0.2 million in pension and other employee benefits, and $0.2 million in professional services.

    Salaries and wages increased largely due to an increase in full-time equivalent employees compared to the prior quarter, including additional staffing in the Western New York Canal Bank division and temporary summer employees, as well as an increase in salary expense attributable to the increase in the market value of the Corporation’s deferred compensation plan. Pension and other employee benefits increased primarily due to an increase in employee healthcare-related expenses, compared to the prior quarter. Professional services increased largely due to tax services related to the Corporation’s Wealth Management Group, compared to the prior quarter.

    Income Tax Expense:
    Income tax expense for the second quarter of 2025 was a tax benefit of $2.4 million, compared to income tax expense of $1.7 million for the prior quarter, a decrease of $4.1 million. The decrease in income tax expense was primarily due to the net loss on the Corporation’s sale of available for sale securities in the second quarter of 2025.

    2nd Quarter 2025 vs 2nd Quarter 2024

    Net Interest Income:
    Net interest income for the second quarter of 2025 totaled $20.8 million, compared to $17.8 million for the same period in the prior year, an increase of $3.0 million, or 16.9%, driven by increases of $1.9 million in interest income on loans and $0.5 million in interest income on interest-earning deposits, and a decrease of $1.6 million in interest expense on deposits, partially offset by a decrease of $0.7 million in interest income on taxable securities.

    Interest income on loans increased largely due to an increase of $98.7 million in average balances of total loans compared to the same period in the prior year, as well as an increase of nine basis points in the average yield on total loans compared to the same period in the prior year. The increase in average balances of total loans was concentrated in commercial loans, which grew by $129.2 million compared to the same period in the prior year, largely comprised of growth in commercial real estate balances, particularly in the Bank’s Capital region and Western New York markets. The average yield on commercial loans decreased one basis point compared to the same period in the prior year, largely due to declines in benchmark interest rates on existing loans and the lower market interest rate environment on new originations.

    Average balances of residential mortgage loans increased $2.9 million while the average yield on residential mortgage loans increased 37 basis points, each compared to the same period in the prior year. Mortgage origination activity increased in the first half of 2025 compared to the same period in the prior year, however overall origination volumes continue to trail levels experienced in recent years. The increase in the average yield on residential mortgages was partially driven by a shift in portfolio composition toward variable rate and construction-to-permanent mortgages, which are currently higher-yielding than fixed rate mortgages. Average balances of consumer loans decreased $33.3 million while the average yield on consumer loans increased 25 basis points, each compared to the same period in the prior year. The decrease in average balances was mainly due to a decrease in indirect auto origination activity, and normal portfolio turnover, as the Bank prioritized funding other types of lending over the past year. The increase in the average yield on consumer loans was primarily due to portfolio turnover in the indirect auto portfolio as older, lower-yielding balances were replaced by higher-yielding balances.

    Interest income on interest-earning deposits increased mainly due to an increase of $45.9 million in average balances of interest-earning deposits, despite a decrease of 42 basis points in the average yield on interest-earning deposits, each compared to the same period in the prior year. The increase in average balances was largely due to proceeds from the Corporation’s sale of available for sale securities in the second quarter of 2025 being held as deposits at the FRBNY in advance of $155.0 million in wholesale funding maturing early in the third quarter of 2025. The decrease in the average yield on interest-earning deposits was largely due to a decrease in the Federal Funds Target Range Upper Limit of 100 basis points between the second quarter of 2024 and second quarter of 2025. Deposits held at the FRBNY receive interest at a rate 10 basis points below the Federal Funds Upper Limit.

    Interest expense on deposits decreased primarily due to a decrease of 79 basis points in the average cost of customer time deposits, as well as a decrease of 106 basis points in the average cost of brokered deposits, each compared to the same period in the prior year, resulting in a decrease of 83 basis points in the average cost of total time deposits. The decrease in the cost of customer time deposits was largely due to changes in offered terms on CD campaigns, including a shift towards shorter duration products, while the decrease in the average cost of brokered deposits was largely due to the declining market interest rate environment, which the Corporation was able to take advantage of by primarily utilizing brokered deposits with original durations of three months or less. Average balances of customer time deposits comprised 21.3% of total average deposits for the second quarter of 2025, compared to 21.9% for the second quarter of 2024. Also contributing to the decrease in interest expense on deposits were decreases of 28 basis points and seven basis points in the average cost of interest-bearing demand deposits and savings and money market deposits, respectively, compared to the same period in the prior year. Combined, these decreases resulted in a decrease of 41 basis points in the total average cost of interest-bearing deposits compared to the same period in the prior year, from 2.86% in the second quarter of 2024 to 2.45% in the second quarter of 2025. The deposit beta on total deposits was 28% between these two periods.

    Interest income on taxable securities decreased largely due to a decrease of $86.6 million in average balances of taxable securities, as well as a decrease of 21 basis points in the average yield on taxable securities, both compared to the same period in the prior year. The decrease in average balances was mainly attributable to $57.2 million in paydowns and maturities of available for sale securities between the second quarters of 2024 and 2025, as well as $245.5 million in sales of available for sale securities during the second quarter of 2025 as part of the Corporation’s balance sheet repositioning efforts. The decrease in the average yield on taxable securities was mainly attributable to decreases in interest rates earned on variable rate securities such as SBA loan pooled securities between the second quarters of 2024 and 2025, as well as the average yield of securities sold in the second quarter 2025 being higher than the overall average yield on the portfolio at the time of the sale.

    Fully taxable equivalent net interest margin was 3.05% for the second quarter of 2025, compared to 2.66% for the same period in the prior year. Average interest-earning assets increased $50.5 million, while average interest-bearing liabilities increased $45.8 million, compared to the same period in the prior year. The average yield on interest-earning assets increased fourteen basis points to 4.83%, while the average cost of interest-bearing liabilities decreased 37 basis points to 2.57%, compared to the same period in the prior year. Total cost of funds was 1.94% for the current quarter, compared to 2.20% for the same period in the prior year, a decrease of 26 basis points.

    Provision for Credit Losses:
    Provision for credit losses was $1.1 million for the second quarter of 2025, compared to $0.9 million for the same period in the prior year, an increase of $0.2 million. The increase was largely due to stronger loan growth in the second quarter of 2025, which totaled $34.8 million, compared to the same period in the prior year, as well as changes in the FOMC’s projections for increased unemployment and a decline in GDP growth during the second quarter of 2025, compared to relatively stable projections during the second quarter of 2024.

    Non-Interest Income:
    The Corporation recognized a pre-tax loss of $17.5 million on the sale of a portion of its available for sale securities portfolio in the second quarter of 2025, resulting in overall negative non-interest income of $10.7 million for the quarter, compared to positive non-interest income of $5.6 million for the same period in the prior year. Recurring non-interest income (see Non-GAAP reconciliations), which excludes the loss on the sale of available for sale securities and the gain on the sale of a previous branch property, increased $0.6 million compared to the same period in the prior year, driven by increases of $0.2 million in service charges on deposits and $0.1 million in each of wealth management group fee income and change in fair value of equity investments.

    As previously mentioned in the quarter over quarter comparison, the $17.5 million loss recognized on the sale of available for sale securities was a major component of the Corporation’s balance sheet repositioning. Additionally, the $0.6 million gain on the sale of a previous branch property was part of ongoing rationalization of the Bank’s physical distribution network. Both the increase in service charges on deposits and wealth management group fee income were largely attributable to fee schedule increases implemented in the second half of 2024. Wealth management group fee income also benefited from positive changes in financial markets during the second quarter of 2025, which was also the primary driver in the change in fair value of equity investments, resulting in an increase in the market value of assets held for the Corporation’s deferred compensation plan.

    Non-Interest Expense:
    Non-interest expense for the second quarter of 2025 was $17.8 million, compared to $16.2 million for the same period in the prior year, an increase of $1.6 million, or 9.9%, driven by increases of $0.8 million in salaries and wages, $0.3 million in data processing, and $0.2 million in professional services.

    Salaries and wages increased largely due to an increase in base salaries, including merit-based increases and additional staffing for the Corporation’s Western New York regional banking center. The increase in data processing was primarily due to an increase in core service provider expenses and additional expenses related to Canal Bank operations in Western New York. The increase in professional services was mainly due to an increase in consulting expenses, partially attributable to results-based fees related to the Corporation’s implementation of fee schedule increases in 2024.

    Income Tax Expense:
    Income tax expense for the second quarter of 2025 was a tax benefit of $2.4 million, compared to income tax expense of $1.3 million for the second quarter of 2024, a decrease of $3.7 million. The decrease in income tax expense was primarily due to the net loss on the Corporation’s sale of available for sale securities in the second quarter of 2025.

    Asset Quality
    Non-performing loans totaled $8.2 million as of June 30, 2025, or 0.39% of total loans, compared to $9.0 million, or 0.43% of total loans as of December 31, 2024. The decrease in non-performing loans was largely due to paydown and charge-off activity in the first half of 2025. There were $1.4 million in paydowns on and payoffs of non-performing commercial loans in the first half of 2025, including the payoff of a $1.0 million non-performing multifamily commercial mortgage. Additionally, $0.8 million in non-performing commercial and industrial loan balances were charged-off in the first half of 2025. These decreases were partially offset by $0.3 million in commercial loan balances added to non-performing loans in the first half of 2025. Retail non-performing loans increased $0.7 million compared to December 31, 2024, largely concentrated in home equity and indirect auto loans. Approximately half of the total increase in non-performing retail loans related to one well-secured first lien home equity loan which was placed into nonaccrual status in the first quarter of 2025. Non-performing assets, which are comprised of non-performing loans, other real estate owned, and repossessed vehicles, were $8.4 million, or 0.30% of total assets as of June 30, 2025, compared to $9.6 million, or 0.35% of total assets as of December 31, 2024. The decrease in non-performing assets was largely due to a decrease in non-performing loans. Other real estate owned decreased to $0.1 million as of June 30, 2025 from $0.4 million as of December 31, 2024, and was comprised of only one property as of June 30, 2025, while repossessed vehicles were $0.2 million as of June 30, 2025 and December 31, 2024.

    Total loan delinquencies as of June 30, 2025 decreased compared to December 31, 2024, primarily driven by a decrease in commercial loan delinquencies. As of June 30, 2025, there were less than $0.1 million in performing commercial loan balances considered to be delinquent, compared to $3.9 million as of December 31, 2024. Annualized net charge-offs to total average loans for the second quarter of 2025 were 0.19%, compared to 0.05% for the first quarter of 2025, an increase of 14 basis points. Net charge-offs experienced in the second quarter of 2025 included a $0.7 million charge-off on an unsecured commercial and industrial loan which had previously carried a full allocation in the allowance for credit losses, as well as an unrelated $0.1 million partial charge-off on another commercial and industrial loan which also carried a specific allocation in the allowance for credit losses. Annualized net commercial charge-offs represented 0.20% of average balances for the second quarter of 2025. Consumer loan net charge-offs continues to be concentrated in indirect auto loans, with annualized consumer charge-offs representing 0.35% of average balances for the second quarter of 2025. Residential mortgages had an immaterial net recovery rate for the second quarter of 2025. Annualized net-charge offs for the six months ended June 30, 2025 were 0.12% of total average loan balances, compared to net charge-offs of 0.05% for the six months ended June 30, 2024, an increase of seven basis points, largely due to the $0.7 million commercial and industrial charge-off in the second quarter of 2025.

    The allowance for credit losses on loans was $22.7 million as of June 30, 2025 compared to $21.4 million as of December 31, 2024. The allowance for credit losses on unfunded commitments, a component of other liabilities, was $0.5 million as of June 30, 2025 and $0.8 million as of December 31, 2024. The increase in the allowance for credit losses on loans was partially attributable to the annual review and update to loss drivers used in the Bank’s CECL model, which resulted in higher baseline loss rates for most of the Bank’s portfolio segments. Also contributing to the increase in the allowance was year-to-date net loan growth and deterioration in FOMC forecasted data points used in modeling for national unemployment and GDP growth. Forecasts for year-end 2025 GDP growth decreased 70 basis points compared to December 31, 2024, while forecasts for year-end 2025 unemployment increased 20 basis points compared to December 31, 2024. Partially offsetting the overall increase in the allowance was a $0.8 million decrease in allowance allocations for individually analyzed loans, due to commercial net charge-offs in the first half of 2025. Provision for credit losses as a percentage of period-end loan balances was 0.05% for both the second quarter of 2025 and for the first quarter of 2025. The allowance for credit losses on loans to total loans was 1.06% as of June 30, 2025 and 1.03% as of December 31, 2024 while the allowance for credit losses on loans was 275.16% of non-performing loans as of June 30, 2025 and 238.87% as of December 31, 2024.

    Balance Sheet Activity
    Total assets were $2.852 billion as of June 30, 2025, compared to $2.776 billion as of December 31, 2024, an increase of $76.3 million, or 2.7%. This increase was driven by increases of $273.0 million in cash and cash equivalents and $61.0 million in loans, net of deferred origination fees and costs, partially offset by decreases of $244.1 million in securities available for sale and $11.0 million in accrued interest receivable and other assets.

    Cash and cash equivalents increased largely due to proceeds of $227.3 million from the Corporation’s sale of available for sale securities in the second quarter of 2025. Cash balances as of June 30, 2025 were held almost entirely at the FRBNY and the Corporation utilized a portion of these proceeds to pay off wholesale funding which matured early in the third quarter of 2025. An increase of $72.1 million in total deposits, primarily due to inflows of municipal deposits, and proceeds from the Corporation’s issuance of subordinated debt in the second quarter of 2025, also contributed to the increase in cash and cash equivalents balances.

    Loans, net of deferred origination fees and costs increased mainly due to growth in commercial real estate balances. Total commercial loan balances increased $75.5 million, or 5.0%, compared to prior year-end, comprised of an increase of $80.5 million in commercial real estate balances, partially offset by a decrease of $5.0 million in commercial and industrial balances. Year-to-date commercial loan growth was relatively evenly distributed between the Bank’s Capital Bank and Canal Bank divisions in the Albany and Buffalo markets, respectively. Residential mortgages increased $3.2 million, or 1.2%, compared to the prior year-end, with overall year-to-date origination activity as of June 30, 2025 increasing compared to the same period in the prior year. Consumer loans decreased $17.7 million, or 6.3%, compared to the prior-year end, largely due to lower levels of indirect auto loan origination activity, and a relatively fast turnover rate in the portfolio, however origination activity increased toward the end of the second quarter as a result of a decrease in interest rates offered in the indirect lending program.

    Securities available for sale decreased primarily due to the Corporation’s ongoing strategic balance sheet repositioning, which included the sale of available for sale securities with a market value totaling $227.3 million in the second quarter of 2025. The sale of securities included the Corporation’s entire portfolio of U.S Treasury and SBA pooled-loan securities, as well as portions of the mortgage-backed securities and municipal bonds portfolios. Year-to-date net paydowns and maturities on available for sale securities totaled $28.3 million, largely on mortgage-backed and SBA pooled-loan securities. Partially offsetting the overall decrease in the available for sale securities portfolio was an increase of $12.6 million in the fair value of securities, mainly due to favorable changes in interest rates compared to December 31, 2024. Accrued interest receivable and other assets decreased largely due to a decrease in the fair value of interest rate swap assets, due to changes in interest rates.

    Total liabilities were $2.618 billion as of June 30, 2025, compared to $2.561 billion as of December 31, 2024, an increase of $56.7 million, or 2.2%. This increase was driven by increases of $72.1 million in total deposits and $44.1 million in subordinated debt, net of deferred issuance costs, partially offset by decreases of $54.3 million in advances and other debt and $5.0 million in accrued interest payable and other liabilities.

    Total deposits increased $72.1 million, or 3.0%, compared to the prior year-end, largely due to increases of $44.6 million in money market deposits and $41.6 million in interest-bearing demand deposits. Increases in these deposit types were primarily attributable to seasonal inflows of municipal deposits. Total time deposits decreased $5.4 million, consisting of a decrease of $13.3 million in customer time deposits partially offset by an increase of $7.8 million in brokered deposits. The decrease in customer time deposits was partially due to the maturity of previous CD campaign offerings which were not renewed. The Bank has continued to focus on shorter-duration CD campaigns, such as six and 15-month offerings, while also introducing a 36-month option in 2025 to broaden its product offerings. All of the Corporation’s brokered deposits matured in early July 2025 and were paid off in full using a portion of the proceeds from the previously mentioned securities sale. Excluding brokered deposits, total deposits increased $64.2 million from December 31, 2024. Additionally, savings deposits decreased $7.3 million while non interest-bearing demand deposits decreased $1.4 million from December 31, 2024. Non interest-bearing deposits comprised 25.3% and 26.1% of total deposits as of June 30, 2025 and December 31, 2024, respectively.

    Subordinated debt, net of deferred issuance costs, increased due to the issuance of $45.0 million in 7.75% fixed-to-floating rate notes in June 2025 in a private offering. There were $0.9 million in deferred issuance costs associated with the offering. The subordinated debt qualifies as tier 2 capital at the holding company and tier 1 capital at the Bank. Of the $45.0 million in subordinated debt issued, $37.0 million was downstreamed to the Bank, qualifying as tier 1 capital. The notes carry an original term of ten years and are redeemable by the Corporation beginning in June 2030, and beginning in June 2030 will float based on the then current Three-Month Term SOFR, plus 415 basis points. Further details regarding the offering can be found in the Corporation’s Form 8-K filed with the Securities and Exchange Commission on June 10, 2025.

    Advances and other debt decreased mainly due to increases in cash and cash equivalents and total deposits. Advances and other debt as of June 30, 2025 largely consisted of a $55.0 million two-month term advance from the FHLBNY, which matured in July 2025, whereas the composition of advances and other debt as of the prior year-end consisted primarily of FHLBNY overnight advances. The decrease in accrued interest payable and other liabilities was mainly due to a decrease in interest rate swap liabilities, due to changes in interest rates.

    Total shareholders’ equity was $235.0 million as of June 30, 2025, compared to $215.3 million as of December 31, 2024, an increase of $19.7 million, or 9.2%, driven by a decrease of $22.4 million in accumulated other comprehensive loss and partially offset by a decrease of $3.5 million in retained earnings. The decrease in accumulated other comprehensive loss was largely due to the reclassification of a portion of losses attributable to the available for sale securities portfolio into current period earnings, due to the Corporation’s sale of available for sale securities in the second quarter of 2025, as well as an increase in the fair value of securities available for sale, mainly due to favorable changes in market interest rates. The decrease in retained earnings was mainly due to a net loss for the six months ended June 30, 2025, due to the Corporation’s loss on the sale of available for sale securities, and dividends declared of $3.1 million during the six months ended June 30, 2025.

    The total equity to total assets ratio was 8.24% as of June 30, 2025, compared to 7.76% as of December 31, 2024, and the tangible equity to tangible assets ratio was 7.53% as of June 30, 2025, compared to 7.02% as of December 31, 2024.1 Book value per share and tangible book value per share increased to $48.85 and $44.31, respectively, as of June 30, 2025 from $45.13 and $40.55, respectively, as of December 31, 2024.1 The Corporation’s sale of securities available for sale did not impact book value per share or tangible book value per share. As of June 30, 2025, the Bank’s capital ratios were in excess of those required to be considered well-capitalized under the regulatory framework for prompt corrective action.

    1 See the GAAP to Non-GAAP reconciliations

    Liquidity
    The Corporation uses a variety of resources to manage its liquidity, and management believes it has the necessary liquidity to allow for flexibility in meeting its various operational and strategic needs. These include short-term investments, cash flow from lending and investing activities, core-deposit growth, and non-core funding sources, such as time deposits of $250,000 or greater, brokered deposits, FHLBNY overnight and term advances, and FRB advances. Borrowings may be used on a short-term basis for liquidity purposes or on a long-term basis to fund asset growth. As of June 30, 2025, the Corporation’s cash and cash equivalents balance was $320.1 million, largely consisting of the proceeds from the Corporation’s sale of a portion of the available for sale securities portfolio in the second quarter of 2025. The Corporation continues to maintain an investment portfolio of securities available for sale, comprised of government sponsored entity mortgage-backed securities, municipal bonds, and corporate bonds. Although this portfolio generates interest income for the Corporation, it also serves as an available source of liquidity and capital if needed. As of June 30, 2025, the Corporation’s investment in securities available for sale was $287.3 million, $74.2 million of which was not pledged as collateral. Additionally, as of June 30, 2025, the Bank’s total advance line capacity at the Federal Home Loan Bank of New York was $170.2 million, $55.0 million of which was utilized and $115.2 million of which was available as additional borrowing capacity.

    As of June 30, 2025, uninsured deposits totaled $694.3 million, or 28.1% of total deposits, including $187.4 million of municipal deposits collateralized by pledged assets, when required. As of December 31, 2024, uninsured deposits totaled $652.3 million, or 27.2% of total deposits, including $145.6 million of municipal deposits collateralized by pledged assets, when required. Due to their fluidity, the Corporation closely monitors uninsured deposit levels when considering liquidity management strategies.

    As of June 30, 2025, the Corporation had brokered deposits totaling $100.0 million, all of which matured in early July 2025. As part of its strategic balance sheet repositioning, the Corporation did not replace the brokered deposits at maturity, reflecting its efforts to reduce reliance on wholesale funding sources. The Corporation may use brokered deposits in the future either as a secondary source in funding asset growth or as an additional source of liquidity in supporting ongoing operations.

    Other Items
    The market value of total assets under management or administration in our Wealth Management Group was $2.313 billion as of June 30, 2025, including $334.0 million of assets under management or administration for the Corporation, compared to $2.212 billion as of December 31, 2024, including $301.9 million of assets under management or administration for the Corporation, an increase of $101.0 million, or 4.5%. Excluding assets under management or administration for the Corporation, total market value of Wealth Management Group assets increased $69.0 million, or 3.7%, largely due to improvements in financial markets during 2025, largely concentrated in the second quarter 2025.

    In April 2025, the Corporation completed the sale of its previous branch property on West Buffalo Street in Ithaca, New York, resulting in a pre-tax gain on the sale of $0.6 million. Branch operations had previously been consolidated into a nearby Ithaca branch in November 2024. The gain on the sale of this property has been excluded for the purposes of calculating certain non-GAAP metrics appearing elsewhere in this press release.

    As previously announced on January 8, 2021, the Corporation’s Board of Directors approved a stock repurchase program. Under the repurchase program, the Corporation may repurchase up to 250,000 shares of its common stock, or approximately 5% of its then outstanding shares. The repurchase program permits shares to be repurchased in open market or privately negotiated transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. As of June 30, 2025, a total of 49,184 shares of common stock at a total cost of $2.0 million were repurchased by the Corporation under its share repurchase program. No shares were repurchased in the second quarter of 2025. The weighted average cost was $40.42 per share repurchased. Remaining buyback authority under the share repurchase program was 200,816 shares as of June 30, 2025.

    About Chemung Financial Corporation
    Chemung Financial Corporation is a $2.9 billion financial services holding company headquartered in Elmira, New York and operates 30 retail offices through its principal subsidiary, Chemung Canal Trust Company, a full service community bank with trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Financial Corporation is also the parent of CFS Group, Inc., a financial services subsidiary offering non-traditional services including mutual funds, annuities, brokerage services, tax preparation services, and insurance.

    This press release may be found at: www.chemungcanal.com under Investor Relations.

    Forward-Looking Statements
    This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Securities Exchange Act, and the Private Securities Litigation Reform Act of 1995. The Corporation intends its forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in this press release. All statements regarding the Corporation’s expected financial position and operating results, the Corporation’s business strategy, the Corporation’s financial plans, forecasted demographic and economic trends relating to the Corporation’s industry and similar matters are forward-looking statements. These statements can sometimes be identified by the Corporation’s use of forward-looking words such as “may,” “will,” “anticipate,” “estimate,” “expect,” or “intend.” The Corporation cannot guarantee that its expectations in such forward-looking statements will turn out to be correct. The Corporation’s actual results could be materially different from expectations because of various factors, including changes in economic conditions or interest rates, credit risk, inflation, tariffs, cybersecurity risks, changes in FDIC assessments, bank failures, difficulties in managing the Corporation’s growth, competition, changes in law or the regulatory environment, and changes in general business and economic trends.

    Information concerning these and other factors, including Risk Factors, can be found in the Corporation’s periodic filings with the Securities and Exchange Commission (“SEC”), including the 2024 Annual Report on Form 10-K. These filings are available publicly on the SEC’s website at http://www.sec.gov, on the Corporation’s website at http://www.chemungcanal.com or upon request from the Corporate Secretary at (607) 737-3746. Except as otherwise required by law, the Corporation undertakes no obligation to publicly update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.

                         
    Chemung Financial Corporation                    
    Consolidated Balance Sheets (Unaudited)                    
        June 30,   March 31,   Dec. 31,   Sept. 30,   June 30,
    (in thousands)   2025   2025   2024   2024   2024
    ASSETS                    
    Cash and due from financial institutions   $ 35,825     $ 32,087     $ 26,224     $ 36,247     $ 23,184  
    Interest-earning deposits in other financial institutions     284,226       21,348       20,811       44,193       47,033  
    Total cash and cash equivalents     320,051       53,435       47,035       80,440       70,217  
                         
    Equity investments     3,387       3,249       3,235       3,244       3,090  
                         
    Securities available for sale     287,335       528,327       531,442       554,575       550,927  
    Securities held to maturity     680       808       808       657       657  
    FHLB and FRB stock, at cost     6,826       8,040       9,117       4,189       5,506  
    Total investment securities     294,841       537,175       541,367       559,421       557,090  
                         
    Commercial     1,591,999       1,555,988       1,516,525       1,464,205       1,445,258  
    Residential mortgage     278,221       275,448       274,979       274,099       271,620  
    Consumer     262,194       266,200       279,915       290,650       294,594  
    Loans, net of deferred loan fees     2,132,414       2,097,636       2,071,419       2,028,954       2,011,472  
    Allowance for credit losses     (22,665 )     (22,522 )     (21,388 )     (21,441 )     (21,031 )
    Loans, net     2,109,749       2,075,114       2,050,031       2,007,513       1,990,441  
                         
    Loans held for sale     2,212       284       —       —       381  
    Premises and equipment, net     15,438       16,222       16,375       14,915       14,731  
    Operating lease right-of-use assets     5,139       5,332       5,446       5,637       5,827  
    Goodwill     21,824       21,824       21,824       21,824       21,824  
    Accrued interest receivable and other assets     79,847       84,090       90,834       81,221       92,212  
    Total assets   $ 2,852,488     $ 2,796,725     $ 2,776,147     $ 2,774,215     $ 2,755,813  
                         
    LIABILITIES AND SHAREHOLDERS’ EQUITY                    
    Deposits:                    
    Non interest-bearing demand deposits   $ 624,389     $ 619,645     $ 625,762     $ 616,126     $ 619,192  
    Interest-bearing demand deposits     348,169       339,790       306,536       349,383       328,370  
    Money market deposits     639,706       625,505       595,123       630,870       613,131  
    Savings deposits     238,228       249,541       245,550       242,911       248,528  
    Time deposits     618,470       598,915       623,912       611,831       606,700  
    Total deposits     2,468,962       2,433,396       2,396,883       2,451,121       2,415,921  
                         
    Advances and other debt     58,616       88,701       112,889       53,757       83,835  
    Subordinated debt, net of deferred issuance costs     44,146       —       —       —       —  
    Operating lease liabilities     5,319       5,516       5,629       5,820       6,009  
    Accrued interest payable and other liabilities     40,479       40,806       45,437       42,863       48,826  
    Total liabilities     2,617,522       2,568,419       2,560,838       2,553,561       2,554,591  
                         
    Shareholders’ equity                    
    Common stock     53       53       53       53       53  
    Additional paid-in capital     48,502       48,157       48,783       48,457       48,102  
    Retained earnings     244,211       252,195       247,705       243,266       239,021  
    Treasury stock, at cost     (15,095 )     (15,180 )     (16,167 )     (15,987 )     (16,043 )
    Accumulated other comprehensive loss     (42,705 )     (56,919 )     (65,065 )     (55,135 )     (69,911 )
    Total shareholders’ equity     234,966       228,306       215,309       220,654       201,222  
    Total liabilities and shareholders’ equity   $ 2,852,488     $ 2,796,725     $ 2,776,147     $ 2,774,215     $ 2,755,813  
                         
    Period-end shares outstanding     4,810       4,807       4,771       4,774       4,772  
                                             
    Chemung Financial Corporation                        
    Consolidated Statements of Income (Unaudited)                        
        Three Months Ended
    June 30,
     
    Percent
      Six Months Ended
    June 30,
     
    Percent
    (in thousands, except per share data)   2025   2024   Change   2025   2024   Change
    Interest and dividend income:                        
    Loans, including fees   $ 29,435     $ 27,514       7.0     $ 57,534     $ 54,712       5.2  
    Taxable securities     2,530       3,251       (22.2 )     5,553       6,808       (18.4 )
    Tax exempt securities     214       254       (15.7 )     465       512       (9.2 )
    Interest-earning deposits     855       367       133.0       1,180       573       105.9  
    Total interest and dividend income     33,034       31,386       5.3       64,732       62,605       3.4  
                             
    Interest expense:                        
    Deposits     11,076       12,711       (12.9 )     22,232       24,856       (10.6 )
    Borrowed funds     1,150       914       25.8       1,875       1,899       (1.3 )
    Total interest expense     12,226       13,625       (10.3 )     24,107       26,755       (9.9 )
                             
    Net interest income     20,808       17,761       17.2       40,625       35,850       13.3  
    Provision (credit) for credit losses     1,145       879       30.3       2,237       (1,161 )     292.7  
    Net interest income after provision for credit losses     19,663       16,882       16.5       38,388       37,011       3.7  
                             
    Non-interest income:                        
    Wealth management group fee income     2,993       2,860       4.7       5,860       5,563       5.3  
    Service charges on deposit accounts     1,114       964       15.6       2,234       1,913       16.8  
    Interchange revenue from debit card transactions     1,110       1,141       (2.7 )     2,147       2,204       (2.6 )
    Net gains (losses) on securities transactions     (17,498 )     —       N/M       (17,498 )     —       N/M  
    Change in fair value of equity investments     108       14       N/M       61       115       (47.0 )
    Net gains on sales of loans held for sale     51       39       30.8       91       71       28.2  
    Net gains (losses) on sales of other real estate owned     3       (3 )     200.0       (8 )     (3 )     (166.7 )
    Income from bank owned life insurance     8       10       (20.0 )     16       19       (15.8 )
    Other     1,406       573       145.4       2,281       1,373       66.1  
    Total non-interest income     (10,705 )     5,598       (291.2 )     (4,816 )     11,255       (142.8 )
                             
    Non-interest expense:                        
    Salaries and wages     7,579       6,823       11.1       14,788       13,839       6.9  
    Pension and other employee benefits     2,112       2,078       1.6       4,034       4,160       (3.0 )
    Other components of net periodic pension and postretirement benefits     (113 )     (232 )     51.3       (226 )     (464 )     51.3  
    Net occupancy     1,431       1,445       (1.0 )     2,964       2,938       0.9  
    Furniture and equipment     455       397       14.6       828       795       4.2  
    Data processing     2,563       2,297       11.6       5,097       4,870       4.7  
    Professional services     805       558       44.3       1,443       1,117       29.2  
    Marketing and advertising     351       388       (9.5 )     690       733       (5.9 )
    Other real estate owned expense     3       12       (75.0 )     14       61       (77.0 )
    FDIC insurance     434       516       (15.9 )     873       1,093       (20.1 )
    Loan expense     296       200       48.0       574       455       26.2  
    Other     1,853       1,737       6.7       3,617       3,320       8.9  
    Total non-interest expense     17,769       16,219       9.6       34,696       32,917       5.4  
                                                     
    Income before income tax expense     (8,811 )     6,261       (240.7 )     (1,124 )     15,349       (107.3 )
    Income tax expense     (2,359 )     1,274       (285.2 )     (695 )     3,312       (121.0 )
    Net income   $ (6,452 )   $ 4,987       (229.4 )   $ (429 )   $ 12,037       (103.6 )
                             
    Basic and diluted earnings per share   $ (1.35 )   $ 1.05         $ (0.09 )   $ 2.53      
    Cash dividends declared per share   $ 0.32     $ 0.31         $ 0.64     $ 0.62      
    Average basic and diluted shares outstanding     4,808       4,770           4,798       4,767      
                             
                             
    N/M – Not Meaningful                        
                             
    Chemung Financial Corporation   As of or for the Three Months Ended   As of or for the
    Six Months Ended
    Consolidated Financial Highlights (Unaudited)   June 30,   March 31,   Dec. 31,   Sept. 30,   June 30,   June 30,   June 30,
    (in thousands, except per share data)   2025   2025   2024   2024   2024   2025   2024
    RESULTS OF OPERATIONS                            
    Interest income   $ 33,034     $ 31,698     $ 32,597     $ 32,362     $ 31,386     $ 64,732     $ 62,605  
    Interest expense     12,226       11,881       12,776       13,974       13,625       24,107       26,755  
    Net interest income     20,808       19,817       19,821       18,388       17,761       40,625       35,850  
    Provision (credit) for credit losses     1,145       1,092       551       564       879       2,237       (1,161 )
    Net interest income after provision for credit losses     19,663       18,725       19,270       17,824       16,882       38,388       37,011  
    Non-interest income     (10,705 )     5,889       6,056       5,919       5,598       (4,816 )     11,255  
    Non-interest expense     17,769       16,927       17,823       16,510       16,219       34,696       32,917  
    Income before income tax expense     (8,811 )     7,687       7,503       7,233       6,261       (1,124 )     15,349  
    Income tax expense     (2,359 )     1,664       1,589       1,513       1,274       (695 )     3,312  
    Net income   $ (6,452 )   $ 6,023     $ 5,914     $ 5,720     $ 4,987     $ (429 )   $ 12,037  
                                                             
    Basic and diluted earnings per share   $ (1.35 )   $ 1.26     $ 1.24     $ 1.19     $ 1.05     $ (0.09 )   $ 2.53  
    Average basic and diluted shares outstanding     4,808       4,791       4,774       4,773       4,770       4,798       4,767  
    PERFORMANCE RATIOS                            
    Return on average assets     (0.92 %)     0.88 %     0.85 %     0.83 %     0.73 %     (0.03 %)     0.89 %
    Return on average equity     (11.29 %)     10.96 %     10.73 %     10.81 %     10.27 %     (0.38 %)     12.37 %
    Return on average tangible equity (a)     (12.48 %)     12.15 %     11.92 %     12.07 %     11.56 %     (0.42 %)     13.93 %
    Efficiency ratio (unadjusted) (e)     175.88 %     65.85 %     68.88 %     67.92 %     69.43 %     96.89 %     69.88 %
    Efficiency ratio (adjusted) (a)     65.69 %     65.64 %     68.64 %     67.69 %     69.19 %     65.67 %     69.64 %
    Non-interest expense to average assets     2.54 %     2.47 %     2.57 %     2.39 %     2.38 %     2.50 %     2.42 %
    Loans to deposits     86.37 %     86.20 %     86.42 %     82.78 %     83.26 %     86.37 %     83.26 %
    YIELDS / RATES – Fully Taxable Equivalent                                                        
    Yield on loans     5.61 %     5.49 %     5.61 %     5.65 %     5.52 %     5.55 %     5.51 %
    Yield on investments     2.27 %     2.26 %     2.29 %     2.21 %     2.27 %     2.26 %     2.31 %
    Yield on interest-earning assets     4.83 %     4.72 %     4.79 %     4.78 %     4.69 %     4.78 %     4.69 %
    Cost of interest-bearing deposits     2.45 %     2.48 %     2.67 %     2.88 %     2.86 %     2.47 %     2.80 %
    Cost of borrowings     4.90 %     4.54 %     4.74 %     5.08 %     5.04 %     4.76 %     5.10 %
    Cost of interest-bearing liabilities     2.57 %     2.55 %     2.73 %     2.97 %     2.94 %     2.56 %     2.90 %
    Cost of funds     1.94 %     1.92 %     2.04 %     2.24 %     2.20 %     1.93 %     2.16 %
    Interest rate spread     2.26 %     2.17 %     2.06 %     1.81 %     1.75 %     2.22 %     1.79 %
    Net interest margin, fully taxable equivalent     3.05 %     2.96 %     2.92 %     2.72 %     2.66 %     3.00 %     2.69 %
    CAPITAL                                                        
    Total equity to total assets at end of period     8.24 %     8.16 %     7.76 %     7.95 %     7.30 %     8.24 %     7.30 %
    Tangible equity to tangible assets at end of period (a)     7.53 %     7.44 %     7.02 %     7.22 %     6.56 %     7.53 %     6.56 %
    Book value per share   $ 48.85     $ 47.49     $ 45.13     $ 46.22     $ 42.17     $ 48.85     $ 42.17  
    Tangible book value per share (a)     44.31       42.95       40.55       41.65       37.59       44.31       37.59  
    Period-end market value per share     48.47       47.57       48.81       48.02       48.00       48.47       48.00  
    Dividends declared per share     0.32       0.32       0.31       0.31       0.31       0.64       0.62  
    AVERAGE BALANCES                                                        
    Loans and loans held for sale (b)   $ 2,108,557     $ 2,077,739     $ 2,046,270     $ 2,020,280     $ 2,009,823     $ 2,093,233     $ 1,999,504  
    Interest-earning assets     2,749,856       2,729,661       2,711,995       2,699,968       2,699,402       2,739,813       2,690,230  
    Total assets     2,802,226       2,784,414       2,761,875       2,751,392       2,740,967       2,793,369       2,732,679  
    Deposits     2,432,713       2,445,597       2,446,662       2,410,735       2,419,169       2,439,119       2,410,692  
    Total equity     229,161       222,802       219,254       210,421       195,375       225,999       195,618  
    Tangible equity (a)     207,337       200,978       197,430       188,597       173,551       204,175       173,794  
    ASSET QUALITY                                                        
    Net charge-offs   $ 992     $ 262     $ 594     $ 78     $ 306     $ 1,254     $ 488  
    Non-performing loans (c)     8,237       9,881       8,954       10,545       8,195       8,237       8,195  
    Non-performing assets (d)     8,447       10,282       9,606       11,134       8,872       8,447       8,872  
    Allowance for credit losses     22,665       22,522       21,388       21,441       21,031       22,665       21,031  
    Annualized net charge-offs to average loans     0.19 %     0.05 %     0.12 %     0.02 %     0.06 %     0.12 %     0.05 %
    Non-performing loans to total loans     0.39 %     0.47 %     0.43 %     0.52 %     0.41 %     0.39 %     0.41 %
    Non-performing assets to total assets     0.30 %     0.37 %     0.35 %     0.40 %     0.32 %     0.30 %     0.32 %
    Allowance for credit losses to total loans     1.06 %     1.07 %     1.03 %     1.06 %     1.05 %     1.06 %     1.05 %
    Allowance for credit losses to non-performing loans     275.16 %     227.93 %     238.87 %     203.33 %     256.63 %     275.16 %     256.63 %
                                                             
    (a) See the GAAP to Non-GAAP reconciliations.
    (b) Loans and loans held for sale do not reflect the allowance for credit losses.
    (c) Non-performing loans include nonaccrual loans only.
    (d) Non-performing assets include non-performing loans plus other real estate owned and repossessed vehicles.
    (e) Efficiency ratio (unadjusted) is non-interest expense divided by the total of net interest income plus non-interest income.
                                                             
    Chemung Financial Corporation
    Average Consolidated Balance Sheets & Net Interest Income Analysis and Rate/Volume Analysis of Net Interest Income (Unaudited)
                                         
        Three Months Ended
    June 30, 2025
      Three Months Ended
    June 30, 2024
      Three Months Ended
    June 30, 2025 vs. 2024
    (in thousands)   Average
    Balance
      Interest   Yield /
    Rate
      Average
    Balance
      Interest   Yield /
    Rate
      Total
    Change
      Due to
    Volume
      Due to
    Rate
                                         
    Interest-earning assets:                                    
    Commercial loans   $ 1,568,239     $ 22,909       5.86 %   $ 1,439,085     $ 21,005       5.87 %   $ 1,904     $ 1,939     $ (35 )
    Residential mortgage loans     276,391       2,847       4.13 %     273,482       2,569       3.76 %     278       27       251  
    Consumer loans     263,927       3,727       5.66 %     297,256       3,996       5.41 %     (269 )     (453 )     184  
    Taxable securities     533,573       2,533       1.90 %     620,201       3,254       2.11 %     (721 )     (421 )     (300 )
    Tax-exempt securities     31,967       239       3.00 %     39,567       276       2.81 %     (37 )     (55 )     18  
    Interest-earning deposits     75,759       855       4.53 %     29,811       367       4.95 %     488       521       (33 )
    Total interest-earning assets     2,749,856       33,110       4.83 %     2,699,402       31,467       4.69 %     1,643       1,558       85  
                                         
    Non interest-earning assets:                                    
    Cash and due from banks     25,005               25,054                      
    Other assets     49,911               37,120                      
    Allowance for credit losses     (22,546 )             (20,609 )                    
    Total assets   $ 2,802,226             $ 2,740,967                      
                                         
    Interest-bearing liabilities:                                    
    Interest-bearing checking   $ 334,957     $ 1,297       1.55 %   $ 305,620     $ 1,391       1.83 %   $ (94 )   $ 128     $ (222 )
    Savings and money market     867,723       4,237       1.96 %     854,456       4,317       2.03 %     (80 )     68       (148 )
    Time deposits     519,181       4,536       3.50 %     529,063       5,643       4.29 %     (1,107 )     (102 )     (1,005 )
    Brokered deposits     92,826       1,006       4.35 %     101,182       1,360       5.41 %     (354 )     (105 )     (249 )
    FHLBNY overnight advances     4,381       50       4.58 %     10,824       151       5.52 %     (101 )     (79 )     (22 )
    Term advances and other debt     79,413       893       4.51 %     61,809       763       4.96 %     130       204       (74 )
    Subordinated debt     10,254       207       8.10 %     —       —     N/A     207       207       —  
    Total interest-bearing liabilities     1,908,735       12,226       2.57 %     1,862,954       13,625       2.94 %     (1,399 )     321       (1,720 )
                                         
    Non interest-bearing liabilities:                                    
    Demand deposits     618,026               628,848                      
    Other liabilities     46,304               53,790                      
    Total liabilities     2,573,065               2,545,592                      
    Shareholders’ equity     229,161               195,375                      
    Total liabilities and shareholders’ equity   $ 2,802,226             $ 2,740,967                      
                                         
    Fully taxable equivalent net interest income         20,884               17,842         $ 3,042     $ 1,237     $ 1,805  
    Net interest rate spread (1)             2.26 %             1.75 %            
    Net interest margin, fully taxable equivalent (2)             3.05 %             2.66 %            
    Taxable equivalent adjustment         (76 )             (81 )                
    Net interest income       $ 20,808             $ 17,761                  
                                         
    (1) Net interest rate spread is the difference in the average yield on interest-earning assets less the average rate on interest-bearing liabilities.
    (2) Net interest margin is the ratio of fully taxable equivalent net interest income divided by average interest-earning assets.
     
    Chemung Financial Corporation
    Average Consolidated Balance Sheets & Net Interest Income Analysis and Rate/Volume Analysis of Net Interest Income (Unaudited)
                                         
        Six Months Ended
    June 30, 2025
      Six Months Ended
    June 30, 2024
      Six Months Ended
    June 30, 2025 vs. 2024
        Average
    Balance
      Interest   Yield /
    Rate
      Average
    Balance
      Interest   Yield /
    Rate
      Total
    Change
      Due to
    Volume
      Due to
    Rate
    (in thousands)                                    
    Interest-earning assets:                                    
    Commercial loans   $ 1,548,741     $ 44,605       5.81 %   $ 1,423,018     $ 41,647       5.89 %   $ 2,958     $ 3,543     $ (585 )
    Residential mortgage loans     275,960       5,548       4.05 %     275,571       5,166       3.75 %     382       6       376  
    Consumer loans     268,532       7,478       5.62 %     300,915       8,012       5.35 %     (534 )     (912 )     378  
    Taxable securities     558,952       5,559       2.01 %     626,747       6,814       2.19 %     (1,255 )     (713 )     (542 )
    Tax-exempt securities     34,846       518       3.00 %     39,916       558       2.81 %     (40 )     (76 )     36  
    Interest-earning deposits     52,782       1,180       4.51 %     24,063       573       4.79 %     607       642       (35 )
    Total interest-earning assets     2,739,813       64,888       4.78 %     2,690,230       62,770       4.69 %     2,118       2,490       (372 )
                                         
    Non interest-earning assets:                                    
    Cash and due from banks     25,527               25,154                      
    Other assets     50,083               38,893                      
    Allowance for credit losses     (22,054 )             (21,598 )                    
    Total assets   $ 2,793,369             $ 2,732,679                      
                                         
    Interest-bearing liabilities:                                    
    Interest-bearing checking   $ 335,556     $ 2,601       1.56 %   $ 306,758     $ 2,725       1.79 %   $ (124 )   $ 243     $ (367 )
    Savings and money market     863,354       8,103       1.89 %     859,785       8,583       2.01 %     (480 )     36       (516 )
    Time deposits     517,045       9,239       3.60 %     505,512       10,547       4.20 %     (1,308 )     234       (1,542 )
    Brokered deposits     102,777       2,289       4.49 %     111,295       3,001       5.42 %     (712 )     (220 )     (492 )
    FHLBNY overnight advances     12,535       285       4.58 %     22,849       639       5.53 %     (354 )     (256 )     (98 )
    Term advances and other debt     61,780       1,383       4.51 %     51,638       1,260       4.91 %     123       231       (108 )
    Subordinated debt     5,155       207       8.10 %     —       —     N/A     207       207       —  
    Total interest-bearing liabilities     1,898,202       24,107       2.56 %     1,857,837       26,755       2.90 %     (2,648 )     475       (3,123 )
                                         
    Non interest-bearing liabilities:                                    
    Demand deposits     620,387               627,342                      
    Other liabilities     48,781               51,882                      
    Total liabilities     2,567,370               2,537,061                      
    Shareholders’ equity     225,999               195,618                      
    Total liabilities and shareholders’ equity   $ 2,793,369             $ 2,732,679                      
                                         
    Fully taxable equivalent net interest income         40,781               36,015         $ 4,766     $ 2,015     $ 2,751  
    Net interest rate spread (1)             2.22 %             1.79 %            
    Net interest margin, fully taxable equivalent (2)             3.00 %             2.69 %            
    Taxable equivalent adjustment         (156 )             (165 )                
    Net interest income       $ 40,625             $ 35,850                  
                                         
    (1) Net interest rate spread is the difference in the average yield on interest-earning assets less the average rate on interest-bearing liabilities.
    (2) Net interest margin is the ratio of fully taxable equivalent net interest income divided by average interest-earning assets.
     
    Chemung Financial Corporation
    Average Consolidated Balance Sheets & Net Interest Income Analysis and Rate/Volume Analysis of Net Interest Income (Unaudited)
                                         
        Three Months Ended
    June 30, 2025
      Three Months Ended
    March 31, 2025
      Three Months Ended
    June 30, 2025 vs. March 31, 2025
        Average
    Balance
      Interest   Yield /
    Rate
      Average
    Balance
      Interest   Yield /
    Rate
      Total
    Change
      Due to
    Volume
      Due to
    Rate
    (in thousands)                                    
    Interest-earning assets:                                    
    Commercial loans   $ 1,568,239     $ 22,909       5.86 %   $ 1,529,028     $ 21,696       5.75 %   $ 1,213     $ 695     $ 518  
    Residential mortgage loans     276,391       2,847       4.13 %     275,524       2,701       3.98 %     146       12       134  
    Consumer loans     263,927       3,727       5.66 %     273,187       3,751       5.57 %     (24 )     (99 )     75  
    Taxable securities     533,573       2,533       1.90 %     584,614       3,026       2.10 %     (493 )     (235 )     (258 )
    Tax-exempt securities     31,967       239       3.00 %     37,758       279       3.00 %     (40 )     (40 )     —  
    Interest-earning deposits     75,759       855       4.53 %     29,550       325       4.46 %     530       525       5  
    Total interest-earning assets     2,749,856       33,110       4.83 %     2,729,661       31,778       4.72 %     1,332       858       474  
                                         
    Non interest-earning assets:                                    
    Cash and due from banks     25,005               26,055                      
    Other assets     49,911               50,256                      
    Allowance for credit losses     (22,546 )             (21,558 )                    
    Total assets   $ 2,802,226             $ 2,784,414                      
                                         
    Interest-bearing liabilities:                                    
    Interest-bearing checking   $ 334,957     $ 1,297       1.55 %   $ 336,162     $ 1,303       1.57 %   $ (6 )   $ (1 )   $ (5 )
    Savings and money market     867,723       4,237       1.96 %     858,937       3,866       1.83 %     371       47       324  
    Time deposits     519,181       4,536       3.50 %     514,884       4,704       3.71 %     (168 )     48       (216 )
    Brokered deposits     92,826       1,006       4.35 %     112,840       1,283       4.61 %     (277 )     (210 )     (67 )
    FHLBNY overnight advances     4,381       50       4.58 %     20,781       236       4.61 %     (186 )     (184 )     (2 )
    Term advances and other debt     79,413       893       4.51 %     43,950       489       4.51 %     404       404       —  
    Subordinated debt     10,254       207       8.10 %     —       —     N/A     207       207       —  
    Total interest-bearing liabilities     1,908,735       12,226       2.57 %     1,887,554       11,881       2.55 %     345       311       34  
                                         
    Non interest-bearing liabilities:                                    
    Demand deposits     618,026               622,774                      
    Other liabilities     46,304               51,284                      
    Total liabilities     2,573,065               2,561,612                      
    Shareholders’ equity     229,161               222,802                      
    Total liabilities and shareholders’ equity   $ 2,802,226             $ 2,784,414                      
                                         
    Fully taxable equivalent net interest income         20,884               19,897         $ 987     $ 547     $ 440  
    Net interest rate spread (1)             2.26 %             2.17 %            
    Net interest margin, fully taxable equivalent (2)             3.05 %             2.96 %            
    Taxable equivalent adjustment         (76 )             (80 )                
    Net interest income       $ 20,808             $ 19,817                  
                                         
    (1) Net interest rate spread is the difference in the average yield on interest-earning assets less the average rate on interest-bearing liabilities.
    (2) Net interest margin is the ratio of fully taxable equivalent net interest income divided by average interest-earning assets.
     

    Chemung Financial Corporation

    GAAP to Non-GAAP Reconciliations (Unaudited)

    The Corporation prepares its Consolidated Financial Statements in accordance with GAAP. See the Corporation’s unaudited consolidated balance sheets and statements of income contained within this press release. That presentation provides the reader with an understanding of the Corporation’s results that can be tracked consistently from period-to-period and enables a comparison of the Corporation’s performance with other companies’ GAAP financial statements.

    In addition to analyzing the Corporation’s results on a reported basis, management uses certain non-GAAP financial measures, because it believes these non-GAAP financial measures provide information to investors about the underlying operational performance and trends of the Corporation and, therefore, facilitate a comparison of the Corporation with the performance of other companies. Non-GAAP financial measures used by the Corporation may not be comparable to similarly named non-GAAP financial measures used by other companies.

    The SEC has adopted Regulation G, which applies to all public disclosures, including earnings releases, made by registered companies that contain “non-GAAP financial measures.” Under Regulation G, companies making public disclosures containing non-GAAP financial measures must also disclose, along with each non-GAAP financial measure, certain additional information, including a reconciliation of the non-GAAP financial measure to the closest comparable GAAP financial measure and a statement of the Corporation’s reasons for utilizing the non-GAAP financial measure as part of its financial disclosures. The SEC has exempted from the definition of “non-GAAP financial measures” certain commonly used financial measures that are not based on GAAP. When these exempted measures are included in public disclosures, supplemental information is not required. The following measures used in this Report, which are commonly utilized by financial institutions, have not been specifically exempted by the SEC and may constitute “non-GAAP financial measures” within the meaning of the SEC’s rules, although we are unable to state with certainty that the SEC would so regard them.

    Fully Taxable Equivalent Net Interest Income and Net Interest Margin

    Net interest income is commonly presented on a tax-equivalent basis. That is, to the extent that some component of the institution’s net interest income, which is presented on a before-tax basis, is exempt from taxation (e.g., is received by the institution as a result of its holdings of state or municipal obligations), an amount equal to the tax benefit derived from that component is added to the actual before-tax net interest income total. This adjustment is considered helpful in comparing one financial institution’s net interest income to that of other institutions or in analyzing any institution’s net interest income trend line over time, to correct any analytical distortion that might otherwise arise from the fact that financial institutions vary widely in the proportions of their portfolios that are invested in tax-exempt securities, and that even a single institution may significantly alter over time the proportion of its own portfolio that is invested in tax-exempt obligations. Moreover, net interest income is itself a component of a second financial measure commonly used by financial institutions, net interest margin, which is the ratio of net interest income to average interest-earning assets. For purposes of this measure as well, fully taxable equivalent net interest income is generally used by financial institutions, as opposed to actual net interest income, again to provide a better basis of comparison from institution to institution and to better demonstrate a single institution’s performance over time. The Corporation follows these practices.

                            As of or for the
        As of or for the Three Months Ended   Six Months Ended
        June 30,   March 31,   Dec. 31,   Sept. 30,   June 30,   June 30,   June 30,
    (in thousands, except ratio data)   2025   2025   2024   2024   2024   2025   2024
    NET INTEREST MARGIN – FULLY TAXABLE EQUIVALENT                            
    Net interest income (GAAP)   $20,808     $19,817     $19,821     $18,388     $17,761     $40,625     $35,850  
    Fully taxable equivalent adjustment     76       80       88       83       81       156       165  
    Fully taxable equivalent net interest income (non-GAAP)   $20,884     $19,897     $19,909     $18,471     $17,842     $40,781     $36,015  
                                 
    Average interest-earning assets (GAAP)   $2,749,856     $2,729,661     $2,711,995     $2,699,968     $2,699,402     $2,739,813     $2,690,230  
                                 
    Net interest margin – fully taxable equivalent (non-GAAP)     3.05 %     2.96 %     2.92 %     2.72 %     2.66 %     3.00 %     2.69 %
                                                             

    Efficiency Ratio

    The unadjusted efficiency ratio is calculated as non-interest expense divided by total revenue (net interest income and non-interest income). The adjusted efficiency ratio is a non-GAAP financial measure which represents the Corporation’s ability to turn resources into revenue and is calculated as non-interest expense divided by total revenue (fully taxable equivalent net interest income and non-interest income), adjusted for one-time occurrences and amortization. This measure is meaningful to the Corporation, as well as investors and analysts, in assessing the Corporation’s productivity measured by the amount of revenue generated for each dollar spent.

                            As of or for the
        As of or for the Three Months Ended   Six Months Ended
        June 30,   March 31,   Dec. 31,   Sept. 30,   June 30,   June 30,   June 30,
    (in thousands, except ratio data)   2025   2025   2024   2024   2024   2025   2024
    EFFICIENCY RATIO                            
    Net interest income (GAAP)   $20,808     $19,817     $19,821     $18,388     $17,761     $40,625     $35,850  
    Fully taxable equivalent adjustment     76       80       88       83       81       156       165  
    Fully taxable equivalent net interest income (non-GAAP)   $20,884     $19,897     $19,909     $18,471     $17,842     $40,781     $36,015  
                                 
    Non-interest income (GAAP)   $(10,705 )   $5,889     $6,056     $5,919     $5,598     $(4,816 )   $11,255  
    Less: net (gains) losses on security transactions     17,498       —       —       —       —       17,498       —  
    Less: (gain) loss on sale of branch property (net of tax)     (629 )     —       —       —       —       (629 )     —  
    Adjusted non-interest income (non-GAAP)   $6,164     $5,889     $6,056     $5,919     $5,598     $12,053     $11,255  
                                 
    Non-interest expense (GAAP)   $17,769     $16,927     $17,823     $16,510     $16,219     $34,696     $32,917  
                                 
    Efficiency ratio (unadjusted)     175.88 %     65.85 %     68.88 %     67.92 %     69.43 %     96.89 %     69.88 %
    Efficiency ratio (adjusted)     65.69 %     65.64 %     68.64 %     67.69 %     69.19 %     65.67 %     69.64 %
                                                             

    Tangible Equity and Tangible Assets (Period-End)

    Tangible equity, tangible assets, and tangible book value per share are each non-GAAP financial measures. Tangible equity represents the Corporation’s stockholders’ equity, less goodwill and intangible assets. Tangible assets represents the Corporation’s total assets, less goodwill and other intangible assets. Tangible book value per share represents the Corporation’s tangible equity divided by common shares at period-end. These measures are meaningful to the Corporation, as well as investors and analysts, in assessing the Corporation’s use of equity.

                            As of or for the
        As of or for the Three Months Ended   Six Months Ended
        June 30,   March 31,   Dec. 31,   Sept. 30,   June 30,   June 30,   June 30,
    (in thousands, except per share and ratio data)   2025   2025   2024   2024   2024   2025   2024
    TANGIBLE EQUITY AND TANGIBLE ASSETS                            
    (PERIOD END)                            
    Total shareholders’ equity (GAAP)   $ 234,966     $ 228,306     $ 215,309     $ 220,654     $ 201,222     $ 234,966     $ 201,222  
    Less: intangible assets     (21,824 )     (21,824 )     (21,824 )     (21,824 )     (21,824 )     (21,824 )     (21,824 )
    Tangible equity (non-GAAP)   $ 213,142     $ 206,482     $ 193,485     $ 198,830     $ 179,398     $ 213,142     $ 179,398  
                                 
    Total assets (GAAP)   $ 2,852,488     $ 2,796,725     $ 2,776,147     $ 2,774,215     $ 2,755,813     $ 2,852,488     $ 2,755,813  
    Less: intangible assets     (21,824 )     (21,824 )     (21,824 )     (21,824 )     (21,824 )     (21,824 )     (21,824 )
    Tangible assets (non-GAAP)   $ 2,830,664     $ 2,774,901     $ 2,754,323     $ 2,752,391     $ 2,733,989     $ 2,830,664     $ 2,733,989  
                                 
    Total equity to total assets at end of period (GAAP)     8.24 %     8.16 %     7.76 %     7.95 %     7.30 %     8.24 %     7.30 %
    Book value per share (GAAP)   $ 48.85     $ 47.49     $ 45.13     $ 46.22     $ 42.17     $ 48.85     $ 42.17  
                                 
    Tangible equity to tangible assets at end of period (non-GAAP)     7.53 %     7.44 %     7.02 %     7.22 %     6.56 %     7.53 %     6.56 %
    Tangible book value per share (non-GAAP)   $ 44.31     $ 42.95     $ 40.55     $ 41.65     $ 37.59     $ 44.31     $ 37.59  
                                                             

    Tangible Equity (Average)

    Average tangible equity and return on average tangible equity are each non-GAAP financial measures. Average tangible equity represents the Corporation’s average stockholders’ equity, less average goodwill and intangible assets for the period. Return on average tangible equity measures the Corporation’s earnings as a percentage of average tangible equity. These measures are meaningful to the Corporation, as well as investors and analysts, in assessing the Corporation’s use of equity.

                            As of or for the
        As of or for the Three Months Ended   Six Months Ended
        June 30,   March 31,   Dec. 31,   Sept. 30,   June 30,   June 30,   June 30,
    (in thousands, except ratio data)   2025   2025   2024   2024   2024   2025   2024
    TANGIBLE EQUITY (AVERAGE)                            
    Total average shareholders’ equity (GAAP)   $ 229,161     $ 222,802     $ 219,254     $ 210,421     $ 195,375     $ 225,999     $ 195,618  
    Less: average intangible assets     (21,824 )     (21,824 )     (21,824 )     (21,824 )     (21,824 )     (21,824 )     (21,824 )
    Average tangible equity (non-GAAP)   $ 207,337     $ 200,978     $ 197,430     $ 188,597     $ 173,551     $ 204,175     $ 173,794  
                                 
    Return on average equity (GAAP)     (11.29 %)     10.96 %     10.73 %     10.81 %     10.27 %     (0.38 %)     12.37 %
    Return on average tangible equity (non-GAAP)     (12.48 %)     12.15 %     11.92 %     12.07 %     11.56 %     (0.42 %)     13.93 %
                                                             

    Adjustments for Certain Items of Income or Expense

    In addition to disclosures of certain GAAP financial measures, including net income, EPS, ROA, and ROE, we may also provide comparative disclosures that adjust these GAAP financial measures for a particular period by removing from the calculation thereof the impact of certain transactions or other material items of income or expense occurring during the period, including certain nonrecurring items. The Corporation believes that the resulting non-GAAP financial measures may improve an understanding of its results of operations by separating out any such transactions or items that may have had a disproportionate positive or negative impact on the Corporation’s financial results during the particular period in question. In the Corporation’s presentation of any such non-GAAP (adjusted) financial measures not specifically discussed in the preceding paragraphs, the Corporation supplies the supplemental financial information and explanations required under Regulation G.

                            As of or for the
        As of or for the Three Months Ended   Six Months Ended
        June 30,   March 31,   Dec. 31,   Sept. 30,   June 30,   June 30,   June 30,
    (in thousands, except per share and ratio data)   2025   2025   2024   2024   2024   2025   2024
    NON-GAAP NET INCOME                            
    Reported net income (GAAP)   $ (6,452 )   $ 6,023     $ 5,914     $ 5,720     $ 4,987     $ (429 )   $ 12,037  
    Net (gains) losses on security transactions (net of tax)     13,237       —       —       —       —       13,237       —  
    Net (gain) loss on sale of branch property (net of tax)     (463 )     —       —       —       —       (463 )     —  
    Net income (non-GAAP)   $ 6,322     $ 6,023     $ 5,914     $ 5,720     $ 4,987     $ 12,345     $ 12,037  
                                 
    Average basic and diluted shares outstanding     4,808       4,791       4,774       4,773       4,770       4,798       4,767  
                                 
    Reported basic and diluted earnings per share (GAAP)   $ (1.35 )   $ 1.26     $ 1.24     $ 1.19     $ 1.05     $ (0.09 )   $ 2.53  
    Reported return on average assets (GAAP)     (0.92 %)     0.88 %     0.85 %     0.83 %     0.73 %      (0.03 %)     0.89 %
    Reported return on average equity (GAAP)     (11.29 %)     10.96 %     10.73 %     10.81 %     10.27 %     (0.38 %)     12.37 %
                                 
    Basic and diluted earnings per share (non-GAAP)   $ 1.31     $ 1.26     $ 1.24     $ 1.19     $ 1.05     $ 2.57     $ 2.53  
    Return on average assets (non-GAAP)     0.90 %     0.88 %     0.85 %     0.83 %     0.73 %     0.89 %     0.89 %
    Return on average equity (non-GAAP)     11.07 %     10.96 %     10.73 %     10.81 %     10.27 %     11.02 %     12.37 %
                                                             

    For further information contact:
    Dale M. McKim, III, EVP and CFO
    dmckim@chemungcanal.com
    Phone: 607-737-3714

    Category: Financial

    Source: Chemung Financial Corp

    The MIL Network –

    July 18, 2025
  • MIL-Evening Report: Keith Rankin Analysis – Letter from Westphalia, Germany; 6 June 1933

    Analysis by Keith Rankin.

    On Saturday I came into possession of this letter, transcript below.

    Keith Rankin, trained as an economic historian, is a retired lecturer in Economics and Statistics. He lives in Auckland, New Zealand.

    I will note that the recipient of the letter is someone I know a bit about; I would like to know more about his time in London, circa 1930-1932. I understand that he attended the London School of Economics. I never met him; but, me being a student of the Great Depression, I wish I had known him while writing my MA thesis.

    Eric Salmon lived from 1903 to 1990. Certainly a patrician, he was an Auckland City Councillor and associate of Auckland’s ‘Mayor Robbie’. While he would never have had any sympathy with the Nazi cause, I would like to think that, like me, he would have had some empathy for the German people in 1933; and the many other people then caught up in events – indeed zeitgeists – moving too fast, and on too great a scale.

    Sadly, I will never be able to see Mr Salmon’s letter to his German contact (probably written late in 1932). I do not know if he replied to the letter below.


     

    Home Address:

    Schwelm (in Westfalen)
    Kirkplatz 7

    Schwelm, 6th VI. [June] 1933

    Dear Mr. Salmon,

                                        Your letter with the interesting account of your native [town?] and the economic position of New Zealand was a great joy to me, and I thank you very much for it. I hope, you won’t take it amiss that my answer comes so late. During the last months I spent all my time in finishing the dissertation for my doctor examination. Some days ago I finally handed it to my professor, and I am now preparing for the oral examination which will take place in the end of July. – How are you getting on with your work?

                            In the course of rather a short time the political situation in this country has thoroughly changed, and the questions you put to me in your letter have found a sudden solution. I may add : also a good one. You are perhaps astonished to read that, for – as far as I know – most of the great newspapers of the world tell you just the contrary. The reason for it is that the European nations, above all France and Polonia [Poland], but England too, fear a new war, and this fear is in an inexcusable way nourished by all those German people who don’t agree with the new spirit and the new methods. The Jewish question is also of great importance. The measures we took against the Jews were not at all cruel or unjustified, as you read in English papers. All we try is only to reduce the enormous influence and power of the Jews in Germany to an extent which compounds to their small number. More and more their influence has become a destructive force in our national life. What you see nowadays in Germany is not a warlike or an extremely militaristic spirit or a mass barbarism (as many foreigners suppose), but the will to build a new nation, in which no longer the unchecked liberalism of the postwar years reigns. We were standing just before a complete breakdown and the chaos of Communism, which would have been fatal for the whole world. In this dangerous moment came the revolution of our nationalist party under the great leader Hitler. It marks the beginning of something quite new in Germany. We know that a great many tasks are waiting for us, but seeing them we are no longer desperate as it was the case in the last years. The new Germany has a new hope, a new will, and a new energy, and with them we shall overcome all problems and difficulties.

          What do you think about the change in Germany, and what do you read in the papers? I should be very glad to hear something about it from you. Hoping you are quite well I am with kindest regards, yours Theodor Hort.


     

    Herr Hort – presumably Dr Hort, soon after – is writing from Schwelm, eleven kilometres east of the Westphalian city of Wuppertal. To the west of Wuppertal is Düsseldorf, on the Rhine; Cologne is to the south, near where the river Wupper flows into the Rhine. To the north of Wuppertal is the Ruhr Valley, Germany’s western industrial heartland. Between Düsseldorf and Wuppertal is Neandertal/Neanderthal. Most of the journey between Wuppertal and Schwelm can be taken on the ‘world-famous in Westphalia’ Wuppertal Schwebebahn, the suspension railway, built between 1897 and 1903, which runs above the Wupper River. I am privileged to have ridden on that railway in 1984.

    I had hoped that, because the railway is still there, that Wuppertal had not been bombed by the RAF during WW2. No such luck. I found this article in the Burnie Advocate (Tasmania), 1 June 1943: Wuppertal raid one of heaviest of war. This was eight weeks before Operation Gomorrah decimated Hamburg. (On Wuppertal, refer also: Planning a Bombing Operation: Wuppertal 1943, My grandfather, the bomber pilot, When the singing stops on Christmas Eve, German tragedy of destiny, Wikipedia.)

    I have no idea what Theodor Hort’s fate was. Maybe he was recruited for the notorious Einsatzgruppen, which was top-heavy with academic doctors? More likely he turned away, at least in his mind, from the excesses of the New Germany; nevertheless serving his country in some capacity, albeit out of the kind of obligation that would have been hard to refuse. There is a high chance he died during the war. I’m guessing he would have been about 35 years old in 1943.

    Throughout the twentieth century, many young Australians and New Zealanders studied at the London School of Economics. (William Pember Reeves was its Director from 1908 to 1919.) So did many upper-middle-class Germans; Herr Hort clearly fell into that class-category. Other Germans to study economics at the LSE included Heinrich Brüning and Ursula von der Leyen.

    Brüning was Chancellor of Germany from mid-1930 to mid-1932. Brüning was the centrist politician most associated with the economic collapse of Weimar Germany during the Great Depression, thanks to his ‘liberal’ policies of stubborn fiscal conservatism. He sought to balance the Budget at any cost. Germany and the world paid a very high cost indeed. I understand that the “unchecked liberalism” Hort refers to is the economic liberalism of Brüning and others (think today’s neoliberalism), and not so much the social liberalism of Berlin that was an icon of 1920s’ Germany. (As a part of that social liberalism, Germany in 1918 – Germany’s first annus horribilis last century – became a proper democracy, with proportional representation, and votes for women.)

    I would imagine that Hort’s parents would have voted for Bruning’s Zentrum (Centre) party. While it started as a Catholic party, it was actually the foundation party of German ‘Christian Democracy’, having already broadened its base by 1930. Westphalia, Düsseldorf and Cologne represented the West German heartland of centrist Christian Democratic politics. And consistently these places cast the fewest votes for Adolf Hitler’s party. (The city of Cologne, the least-Nazi-supporting city in Germany, was the first large German urban centre to be carpet-bombed by the British, in 1942.)

    Nevertheless, at least in March 1933, young Herr Theodor probably voted for the National Socialists. (Although his “great leader” epithet was probably a direct translation of ‘führer’ rather than an expression of devotion.) The Enabling Act of 1933, which ended democracy in Germany, had been in force for three months before Herr Hort wrote this letter. He, like many others in a desperate country, was willing to forego democracy if other goals might better be achieved without it. Further, by 1938, Hitlernomics – borrowing ‘as much as it takes’ to re-arm and reorganise along Spartan lines – was looking like a great success. (Something suspiciously similar took place in the Bundestag in 2025, exactly 92 years after the Enabling Act, using the outvoted ‘lame-duck’ parliament to get the necessary two-thirds majority. This time it was the ‘fascists’ – AFD – who were against borrowing to re-arm; and the outvoted fastidiously-anti-borrowing neoliberal FDP, who should not have been there.)

    Finally, here, we should note that Germany as a whole – and certainly western Germany – while Judeophobic, was probably no more Judeophobic than other European countries (including the USA); and that most German Jews, to 1918 at least, had seen themselves as more Germans than Semites, and played a significant role in the German armed forces in World War One. The circumstances of 1918, however, made it a relatively easy task for would-be-politicians with nationalist agendas to scapegoat Jews. There were vastly more Jews living in the countries east of Germany, and they from 1940 to 1944 ended up being very much in the wrong place at the wrong time. In Germany in 1933, ‘Jewish’ identity was used very much as proxies for the twin-devils who many Germans believed had ‘stabbed Germany in the back’ in 1918 (at a time when Germany appeared to be winning on the western front) and again in (and around) 1931; ‘Bolshevik’ Communists and big-finance capitalists. The 1918 claim of a ‘stolen war’ was an evidentially-false conspiracy theory which had the appearance of credibility to many desperate people looking for simple answers, and scapegoats.

    On the Bolshevik matter, while Theodor Hort and others will not have known about it until much later – the winter of 1932/33 was the peak of the Holodomor where four million mainly-Ukrainians were deliberately starved to death by Josef Stalin’s Moscow-based regime. Too many elements of the western press were looking the other way. Soviet Communism was being romanticised in certain middle-class and working-class circles in ‘the West’ (though demonised in others: refer Three Women who Launched a Movement); the mega-atrocities were downplayed by mainstream journalists such as Walter Duranty.

    It was the full discovery in 1939 of the Holodomor and the later Great Purge(s) that enabled the Nazis to contemplate an even worse genocide, a substantial part of which became the Shoah. The Shoah, while the worst genocide ever, was neither the first nor the last real-world example of ‘hunger games’ in the last 100 years.

    *******

    Keith Rankin (keith at rankin dot nz), trained as an economic historian, is a retired lecturer in Economics and Statistics. He lives in Auckland, New Zealand.

    MIL OSI Analysis – EveningReport.nz –

    July 18, 2025
  • MIL-OSI Canada: Prime Minister engages First Nations Rights Holders on the Building Canada Act

    Source: Government of Canada – Prime Minister

    Canada’s new government is ready to get our country building major projects again – and projects built in collaboration with Indigenous Peoples will be at the forefront of this work.

    To that end, the Prime Minister, Mark Carney, convened the First Nations Major Projects Summit in Gatineau, Québec, to engage First Nations groups on the Building Canada Act and how to most effectively build major projects in partnership with Indigenous Peoples. Over 250 First Nations leaders, regional organizations, and other Rights Holders’ representatives attended the meeting in person and virtually to share their insights, ideas, and priorities.

    The Prime Minister heard from First Nations and discussed how the Building Canada Act was designed to transform the Canadian economy and contribute to greater prosperity for Indigenous communities, through equity and resource management projects. To ensure that these major projects are built in partnership with Indigenous Peoples, the federal government is moving forward with several new measures, including:

    • Standing up an Indigenous Advisory Council that will closely work with the new Major Federal Projects Office. Comprised of First Nations, Inuit, Métis, as well as Modern Treaty and Self-Government representatives, the Advisory Council will help ensure Indigenous perspectives and priorities are integrated at each stage.
    • Dedicating $40 million in funding for Indigenous participation. From early discussions on which projects to include to ongoing governance and capacity-building, new funding streams will support meaningful participation of Indigenous leadership in nation-building projects.
    • Expanding the Indigenous Loan Guarantee Program. The government has doubled the program to $10 billion to help unlock capital for Indigenous communities to gain full equity ownership in major nation-building projects.

    Collaboration will continue with First Nations leadership at all levels through regional dialogue tables. The Prime Minister will soon meet separately with the Inuit-Crown Partnership Committee and Métis leadership to further advance these conversations on a distinctions basis.

    Quotes

    “It’s time to build big projects that will transform and connect our economy. Central to this mission is shared leadership with Indigenous Peoples. Working in partnership, we can seize this opportunity and build lasting prosperity for generations.”

    “This Summit marks a turning point. The One Canadian Economy Act is not just about inclusion – it’s about recognizing that prosperity comes when First Nations are full partners in shaping the future. Together, we are building an economy that reflects our shared values, our shared responsibilities, and our shared potential.”

    “Today represents a historic opportunity. Together, we’re beginning the work of building a better future, one in which Indigenous economies and priorities are truly integrated into the national economy. By listening, engaging, and learning in the spirit of true partnership, we are taking the first steps toward that brighter, more equitable future.”

    “The One Canadian Economy Act is designed to build Canada strong – building economic resilience here at home while ensuring that First Nations, and all Canadians, benefit. To achieve our objectives, we will – and must – look to advance the interests of Indigenous communities. That is the only path to shared success. The First Nations Major Projects Summit marks the first step in that process – setting the stage to create lasting economic opportunities for First Nations across Canada.”

    “It’s time to build major energy and resource projects again in Canada to strengthen our economy and secure our sovereignty in the face of threats. A key part of how we will do this successfully is transforming how we think about First Nations partnership. First Nations are not just participants in our economy – they are the original stewards of this land, Rights Holders, governments, and builders. With meaningful collaboration as partners, they enable us to build better. It’s clear: if we are serious about retooling our economy, then reconciliation must be front and centre, not just at today’s Summit, but in perpetuity.”

    Quick facts

    • Central to the Building Canada Act is Indigenous consultation, participation, equity, and partnership. The Act requires meaningful consultation on which projects are deemed in the national interest and on the conditions that projects will have to meet.
    • The Government of Canada will advance nation-building projects while respecting the rights of Indigenous Peoples recognized and affirmed by Section 35 of the Constitution Act, 1982, and the rights set out in the United Nations Declaration on the Rights of Indigenous Peoples, including the principle of free, prior, and informed consent.
    • The Canada Indigenous Loan Guarantee Corporation is responsible for managing the Indigenous Loan Guarantee Program. Loan guarantees are available to support Indigenous equity participation in projects of various sizes, reflecting the diversity of opportunities and economic development priorities in Indigenous communities across Canada.
    • By advancing national interest projects, the Government of Canada is committed to working in partnership with Indigenous Peoples to support economic prosperity, grounded in respect for constitutionally protected rights and modern treaty obligations.

    MIL OSI Canada News –

    July 18, 2025
  • MIL-OSI USA: Attorney General James Sues to Block Federal Rule Slashing Access to Affordable Health Care Coverage

    Source: US State of New York

    EW YORK – New York Attorney General Letitia James and 20 other states today filed a lawsuit challenging a new federal regulation that threatens to strip health care coverage from millions of Americans, drive up health care costs, and unlawfully remove gender-affirming care from the Affordable Care Act’s (ACA) essential health benefits. Attorney General James and the coalition argue that the new rule from the U.S. Department of Health and Human Services (HHS) and Centers for Medicare and Medicaid Services (CMS) violates federal law, ignores expert warnings, and places unjustified burdens on states and their residents. Attorney General James and the coalition are asking the court to block the rule, which they argue would devastate state health systems and endanger public health.

    “This new rule is an illegal and dangerous attack on health care access,” said Attorney General James. “It strips working families of their health care coverage, imposes unnecessary red tape, and deliberately targets low-income and transgender Americans. In New York, we have expanded coverage, improved affordability, and protected New Yorkers’ health. The federal government should take every opportunity to learn from that success, not actively work to reverse it.”

    Congress enacted the Patient Protection and Affordable Care Act (ACA) in 2010 to increase access to health insurance and lower costs for individuals and families. It created state-level health insurance marketplaces where people can compare and purchase affordable plans, and it required that all plans cover a core set of “essential health benefits.” States are also allowed to require coverage of additional benefits beyond the federal minimum. Over the past five years, ACA annual enrollment has doubled, with more than 24 million Americans signing up for coverage this year alone, many of whom receive subsidies to make their insurance even more affordable.

    In June, HHS and CMS finalized a rule that makes sweeping changes to ACA eligibility and enrollment. Set to take effect in August, the rule will – by the administration’s own estimates – immediately strip coverage from up to two million people. It shortens open enrollment windows, eliminates year-round enrollment for low-income individuals, adds extensive paperwork and verification requirements, and makes it harder to access health care tax credits. It also limits automatic reenrollment and imposes illegal monthly charges on consumers who qualify for zero-dollar premium plans. Attorney General James and the coalition argue that these changes directly undermine the ACA’s core mission of expanding access to affordable health care.

    The rule also unlawfully prohibits states from including gender-affirming care in the ACA’s list of essential health benefits. Under the new policy, insurers would be prohibited from covering gender-affirming services as essential benefits when those services are related to gender dysphoria. The same treatments remain covered, however, when provided for other purposes, such as treating endocrine disorders or delaying early puberty. The attorneys general argue this discriminatory policy has no legitimate justification and will cause serious harm, especially to transgender youth and young adults. Research overwhelmingly shows that access to gender-affirming care reduces depression, anxiety, and suicidality in transgender youth. In New York, the policy conflicts directly with state law, which prohibits discrimination in health care based on gender identity and other protected characteristics.

    To implement this rule, HHS is overriding states’ authority to operate their own ACA marketplaces, requiring all exchanges, including successful state-run systems like New York’s, to implement these harmful changes. In New York, more than 220,000 people get their health insurance through the ACA marketplace. Since the marketplace was established, New York’s uninsured rate has dropped from 11 percent to 4.8 percent. If the new rule goes into effect, however, an estimated 12,000 New Yorkers will suddenly lose their health insurance, and premiums will rise across the state. The state will have to spend over $10 million on staff time alone to update its systems in line with the new rule, and the state marketplace warns that some proposals, such as the increased income verification requirements, will be impossible to implement in time for the new plan year.

    Attorney General James and the coalition argue that HHS’s new rule violates both the Administrative Procedure Act and the ACA. They are asking the court to block key parts of the rule from taking effect and ultimately vacate them in full to prevent the significant financial and public health consequences it would impose, especially on states that have invested in running their own exchanges.

    Joining Attorney General James in filing this lawsuit are the attorneys general of Arizona, California, Colorado, Connecticut, Delaware, Illinois, Maryland, Massachusetts, Maine, Michigan, Minnesota, Nevada, New Jersey, New Mexico, Oregon, Rhode Island, Vermont, Washington, and Wisconsin, as well as the governor of Pennsylvania.

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI Security: California man convicted of fraud for operating call centers that preyed on struggling homeowners

    Source: Office of United States Attorneys

    Seattle –The operator of a web of boiler-room-type call centers was convicted Wednesday in U.S. District Court in Seattle for defrauding over 1,000 distressed homeowners facing foreclosure, announced Acting U.S. Attorney Teal Luthy Miller.  Mohammed Zafaranchi, 43, aka ‘Mike Ferry’ was convicted of all twelve federal charges he faced: conspiracy to commit wire fraud, five counts of wire fraud, five counts of money laundering, and obstruction of justice. After a seven-day trial, the jury deliberated for about four hours before returning the guilty verdicts. Zafaranchi faces up to 20 years in prison when sentenced by U.S. District Judge John C. Coughenour on October 21, 2025.

    “The defendant preyed on vulnerable homeowners who were desperate to avoid losing their homes in a difficult economy,” said Acting U.S. Attorney Miller. “He manipulated these people into paying him thousands of dollars they could not afford to lose. Mr. Zafaranchi demonstrated he knew his activities were illegal when he destroyed evidence just after learning the FBI had served search warrants at one of his call centers.”

    Zafaranchi’s fraud involved purchasing data that identified homeowners who were behind on their mortgages and at risk of losing their homes. Each week, Zafaranchi sent thousands of solicitation mailers falsely telling the distressed homeowners they were eligible for government programs that would reduce their mortgage debt by 30% and reduce their interest rate to 2%. The mailers told homeowners to call a phone number before a made-up deadline to get the mortgage modification.

    When homeowners called the call centers, operators followed a series of scripts telling homeowners that lawyers and underwriters had vetted their case and negotiated a modification with their lender. The scripts instructed operators to place callers on hold for a pre-determined amount of time to build suspense and make it appear a review was underway.  The operator would then return to the line and tell each victim he or she was one of the very select few who qualified for the program—but only if the homeowner paid the call center a $3,000 legal fee to “finalize” the modification. Assistant United States Attorney Lauren Watts Staniar said in closing arguments that “Each stage of the script was designed to entice the victim into the fraud and get them to pay the fee.”

    In fact, Zafaranchi’s businesses had no legal or underwriting staff. Instead, untrained workers simply scanned the homeowners’ financial records, completed a basic application form, and sent the documents to the banks. The homeowners did not receive the modifications promised in the mailers, and some lost their homes.

    After taking the victims’ money, Zafaranchi laundered the funds through shell bank accounts and withdrew the proceeds in cash. He was convicted of money laundering for this conduct.

    On March 29, 2018, the FBI served a search warrant on the call center in Everett Washington. After learning of this search, Zafaranchi told his California employees to remove the computers and other evidence from his California offices. That night, Zafaranchi destroyed all records associated with three email accounts he used to operate the businesses. For that conduct, Zafaranchi was convicted of obstruction of justice.

    Zafaranchi’s two coconspirators have already pleaded guilty. Mark Lezama is scheduled for sentencing on October 14, 2025. Josh Herrera is scheduled for sentencing on October 21, 2025.

    The case was investigated by the FBI.  The case is being prosecuted by Assistant United States Attorneys Seth Wilkinson, Lauren Watts Staniar, and Dane A. Westermeyer. The Federal Housing Finance Agency Office of Inspector General provided support in the case.  

    MIL Security OSI –

    July 18, 2025
  • MIL-OSI: Eos Energy Enterprises Announces Date for Second Quarter 2025 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., July 17, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), an American energy company and the leading innovator in designing, sourcing, manufacturing, and providing zinc-based battery energy storage systems (BESS) manufactured in the United States, today announced it will release its second quarter 2025 financial results after the U.S. market closes on July 30, 2025. A conference call to discuss its results will take place the following morning on July 31, 2025, at 8:30 a.m. Eastern Time.

    Eos partners with Say Technologies to allow retail and institutional shareholders to submit and vote on questions ahead of the earnings call. A selection of key questions applicable to the broad investor base will be addressed live during the call, offering shareholders an opportunity to engage with Eos management.

    Beginning on July 18, 2025, at 8:00 a.m. ET, registered shareholders will be able to submit questions via the Say Technologies Q&A Platform, which will remain open until 6:00 p.m. ET on July 28, 2025. For any support inquiries shareholders may email support@saytechnologies.com.

    Registration Information

    The live webcast of the earnings call will be available on the “Investor Relations” page of the Company’s website at Eos Investors or may be accessed using this link (registration link). To avoid delays, we encourage participants to join the conference call fifteen minutes ahead of the scheduled start time.

    The conference call replay will be available via webcast through Eos’ investor relations website for twelve months following the live presentation. The webcast replay will be available from approximately 11:30 a.m. ET on July 31, 2025, and can be accessed by visiting Eos Investors.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, secure, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 4 to 16+ hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    Contacts
    Investors: ir@eose.com
    Media: media@eose.com

    The MIL Network –

    July 18, 2025
  • MIL-Evening Report: AI is now part of our world. Uni graduates should know how to use it responsibly

    Source: The Conversation (Au and NZ) – By Rachel Fitzgerald, Associate Professor and Deputy Associate Dean (Academic), Faculty of Business, Economics and Law, The University of Queensland

    MTStock Studio/ Getty Images

    Artificial intelligence is rapidly becoming an everyday part of lives. Many of us use it without even realising, whether it be writing emails, finding a new TV show or managing smart devices in our homes.

    It is also increasingly used in many professional contexts – from helping with recruitment to supporting health diagnoses and monitoring students’ progress in school.

    But apart from a handful of computing-focused and other STEM programs, most Australian university students do not receive formal tuition in how to use AI critically, ethically or responsibly.

    Here’s why this is a problem and what we can do instead.

    AI use in unis so far

    A growing number of Australian universities now allow students to use AI in certain assessments, provided the use is appropriately acknowledged.

    But this does not teach students how these tools work or what responsible use involves.

    Using AI is not as simple as typing questions into a chat function. There are widely recognised ethical issues around its use including bias and misinformation. Understanding these is essential for students to use AI responsibly in their working lives.

    So all students should graduate with a basic understanding of AI, its limitations, the role of human judgement and what responsible use looks like in their particular field.

    We need students to be aware of bias in AI systems. This includes how their own biases could shape how they use the AI (the questions they ask and how they interpret its output), alongside an understanding of the broader ethical implications of AI use.

    For example, does the data and the AI tool protect people’s privacy? Has the AI made a mistake? And if so, whose responsibility is that?

    What about AI ethics?

    The technical side of AI is covered in many STEM degrees. These degrees, along with philosophy and psychology disciplines, may also examine ethical questions around AI. But these issues are not a part of mainstream university education.

    This is a concern. When future lawyers use predictive AI to draft contracts, or business graduates use AI for hiring or marketing, they will need skills in ethical reasoning.

    Ethical issues in these scenarios could include unfair bias, like AI recommending candidates based on gender or race. It could include issues relating to a lack of transparency, such as not knowing how an AI system made a legal decision. Students need to be able to spot and question these risks before they cause harm.

    In healthcare, AI tools are already supporting diagnosis, patient triage and treatment decisions.

    As AI becomes increasingly embedded in professional life, the cost of uncritical use also scales up, from biased outcomes to real-world harm.

    For example, if a teacher relies on AI carelessly to draft a lesson plan, students might learn a version of history that is biased or just plain wrong. A lawyer who over-relies on AI could submit a flawed court document, putting their client’s case at risk.

    How can we do this?

    There are international examples we can follow. The University of Texas at Austin and University of Edinburgh both offer programs in ethics and AI. However, both of these are currently targeted at graduate students. The University of Texas program is focused on teaching STEM students about AI ethics, whereas the University of Edinburgh’s program has a broader, interdiscplinary focus.

    Implementing AI ethics in Australian universities will require thoughtful curriculum reform. That means building interdisciplinary teaching teams that combine expertise from technology, law, ethics and the social sciences. It also means thinking seriously about how we engage students with this content through core modules, graduate capabilities or even mandatory training.

    It will also require investment in academic staff development and new teaching resources that make these concepts accessible and relevant to different disciplines.

    Government support is essential. Targeted grants, clear national policy direction, and nationally shared teaching resources could accelerate the shift. Policymakers could consider positioning universities as “ethical AI hubs”. This aligns with the government-commissioned 2024 Australian University Accord report, which called for building capacity to meet the demands of the digital era.

    Today’s students are tomorrow’s decision-makers. If they don’t understand the risks of AI and its potential for error, bias or threats to privacy, we will all bear the consequences. Universities have a public responsibility to ensure graduates know how to use AI responsibly and understand why their choices matter.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. AI is now part of our world. Uni graduates should know how to use it responsibly – https://theconversation.com/ai-is-now-part-of-our-world-uni-graduates-should-know-how-to-use-it-responsibly-261273

    MIL OSI Analysis – EveningReport.nz –

    July 18, 2025
  • MIL-Evening Report: Rising seas threaten to swallow one of NZ’s oldest settlement sites – new research

    Source: The Conversation (Au and NZ) – By Peter N. Meihana, Senior Lecturer in History, Te Kunenga ki Pūrehuroa – Massey University

    Veronika Meduna, CC BY-SA

    One of Aotearoa New Zealand’s oldest settlement sites is at risk of being washed away by rising seas, according to new research.

    Te Pokohiwi o Kupe (Wairau Bar) near Blenheim is a nationally significant archaeological site. It dates back to the first arrival of people and holds the remains of first-generation Polynesian settlers as well as many cultural artefacts.

    The site is significant for the local iwi, Rangitāne o Wairau, because of its history of colonial exploitation and the eventual repatriation of koiwi tangata (ancestral remains) in 2009, which marks an important moment in the modern history of Rangitāne.

    Coastal flooding is already a hazard at Te Pokohiwi o Kupe, but this increases dramatically as sea level rises. The study, led by Te Rūnanga a Rangitāne o Wairau in partnership with researchers at Earth Sciences NZ, shows about 20% of the site could be inundated during a 100-year storm event under current sea levels.

    But with 50 centimetres of climate-driven sea-level rise, which could occur as soon as the 2050s under high-emissions scenarios, more than half of the site could flood in the same event. If sea levels rise to a metre, which could be reached during the early 2100s, three-quarters of the site will be inundated and subject to significant erosion.

    From grave robbers to collaborators

    During the first part of the 20th century, the site was raided by fossickers searching for curios. In 1939, they uncovered an urupa (cemetery) and disinterred the remains of one of the earliest ancestors, along with their sperm whale tooth necklace and moa egg.

    Further “discoveries” drew Roger Duff, then an ethnologist at the Canterbury Museum, to the site in 1942. He led several excavations until the summer of 1963-64.

    The Rangitāne community protested the excavations. Tribal elder Hohua Peter MacDonald was particularly vocal, but the tribe was unable to prevent the digs and the removal of ancestors and their burial goods.

    In 2003, Rangitāne presented their Treaty of Waitangi claims before the Waitangi Tribunal. The tribunal agreed the Crown had breached the treaty in its dealings with the tribe and subsequent negotiations saw land at Te Pokohiwi returned to Rangitāne. These land parcels were close to where ancestors had been taken and the remains were eventually returned in 2009.

    Prior to the repatriation, the University of Otago, Canterbury Museum and Rangitāne agreed that research, including genetic sequencing of the koiwi tangata and an archaeological survey of the site, would take place before the reburial. Due to their past experiences, Rangitāne had little trust in the scholastic community. But in a first of its kind, a memorandum of understanding was signed between the parties.

    Before the reburial of the koiwi tangata, the iwi agreed to genetic sequencing and an archaeological survey of the site.
    Veronika Meduna, CC BY-SA

    Maintaining connections

    Our study used high-resolution, local-scale analysis of sea-level rise and coastal change to assess the risk to archaeological taonga (treasures) and wāhi tapu (sacred sites) at Te Pokohiwi o Kupe.

    By combining the knowledge of Rangitāne hapū (sub-tribal groups) about the site’s boundaries and locations of ancestral or archaeological taonga with LiDAR-derived topographic data, the research team mapped its exposure to present-day and future coastal inundation from spring tides and storm-wave events.

    Sea-level scenarios were consistent with the latest projections by the Intergovernmental Panel on Climate Change and national guidelines to estimate the likely timing of future inundation.

    Results suggest climate-driven shoreline changes and permanent inundation will increasingly threaten this culturally and archaeologically significant site.

    While this research focused on relative and extreme sea-level inundation risks, earlier palaeo-tsunami studies show the area is also known to be exposed to tsunami hazards.

    Ongoing research supported by a Natural Hazards Commission grant seeks to expand on our findings by integrating multiple inundation types with iwi-led experiences of impacts and mitigation. The goal is to develop new inclusive approaches for quantifying the effects of compounding inundation hazards.

    The integrated place-based approach underpinning this research supports dialogue about adaptation and rescue options for protecting sacred sites threatened by climate change through a combination of locally led and nationally supported interventions.

    For Rangitāne, Te Pokohiwi o Kupe is a place where relationships are maintained, responsibilities upheld and identity reaffirmed. While its archaeological value is widely recognised, its deeper significance lies in the enduring connection Rangitāne maintain with the whenua (land) and with the stories, knowledge and obligations it carries.

    Over time, the nature of that relationship has evolved. What was once marked by protest and exclusion has shifted into a place of active management and leadership, in part supported through the return of the land as part of the iwi’s treaty settlement.

    Now, with growing threats posed by sea-level rise and coastal erosion, that connection faces a different kind of challenge. The concern is not only for what may be physically lost, but for what it might mean to lose the ability to stand in that place, to gather there and to sustain the relationship that has grounded generations of Rangitāne people in Wairau.

    The focus is not only on preserving what remains, but on ensuring the connection to Te Pokohiwi continues, even as the landscape changes. More than protecting a site, this is about protecting the ability of Rangitāne to remain in meaningful relationship with Te Pokohiwi o Kupe, its stories and its significance.

    Peter N. Meihana is a trustee of Te Runanga a Rangitāne o Wairau.

    Ongoing research is supported through the Natural Hazards Commission (Toka Tū Ake EQC Project No. 4045).

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

    – ref. Rising seas threaten to swallow one of NZ’s oldest settlement sites – new research – https://theconversation.com/rising-seas-threaten-to-swallow-one-of-nzs-oldest-settlement-sites-new-research-260799

    MIL OSI Analysis – EveningReport.nz –

    July 18, 2025
  • MIL-Evening Report: Australian law is clear: criticism of Israel does not breach the Racial Discrimination Act

    Source: The Conversation (Au and NZ) – By Bill Swannie, Senior Lecturer, Thomas More Law School, Australian Catholic University

    Earlier this month, the Federal Court found controversial Muslim cleric Wissam Haddad breached the Racial Discrimination Act.

    Justice Angus Stewart ruled a series of speeches Haddad posted online were “fundamentally racist and antisemitic [and] profoundly offensive” towards Jewish people in Australia.

    However, the court also ruled criticism of Israel, Zionism and the Israel Defense Forces are not antisemitic and therefore do not breach the law.

    This finding could help inform the current debate on how to define antisemitism in Australia.

    Antisemitism and the law

    Haddad’s sermons were found to include “perverse generalisations” about Jewish Australians made at a time of “heightened vulnerability” following the October 7 2023 attacks on Israel by Hamas.

    The court’s decision is based on provisions in the Racial Discrimination Act.

    The act applies equally to all racial and ethnic groups in Australia. It does not refer directly to antisemitism, nor does it prohibit it specifically.

    But Jewish people have been recognised as a distinct ethnic group protected by the act since 2002. As such, several successful court cases have been brought by Australian Jews under the laws.

    To breach the act, speech must be likely to “offend, insult, humiliate or intimidate” a reasonable member of the target group – in this case, Jewish people in Australia. Trivial or minor harms do not meet this standard.

    Also, the speech must have been done “because of” the race or ethnicity of the target group. This means the race or ethnicity of the person or group must be one of the reasons for the speech.

    The law protects against racial discrimination, which includes ethnicity. It does not prohibit religious discrimination. However, for Jews, Sikhs and other ethno-religious groups there is some overlap.

    There is no liability under the Racial Discrimination Act if the speech was done “reasonably and in good faith” for a “genuine purpose in the public interest”.

    This is the free speech defence.

    Other breaches of the RDA

    In 2002, the Federal Court found the act was breached by a website that denied the extent and existence of the Jewish Holocaust.

    The website’s creator, Frederick Toben, claimed the content was true and its publication was in the public interest. However, the language used by Toben was deliberately provocative. His clear intention to offend Jewish people meant no defence was available.

    In September 2023, a Melbourne secondary college breached the act by allowing Jewish students to be systematically bullied and harassed, including through the use of racial epithets and Nazi swastikas.

    The court took into account the intergenerational trauma experienced by students whose families were affected by the Holocaust. The school was ordered to pay compensation to the students totalling more than $400,000.

    Criticism of Israel does not breach the law

    Crucially, in the recent Haddad decision, the court stated “it is not antisemitic to criticise Israel”.

    Parts of a speech made by Haddad that referred directly to the conduct of Israel and the Israel Defense Forces did not breach the Racial Discrimination Act because they could not reasonably be regarded as referring to Jewish people.

    Further, references in the speech to Zionism were regarded by the court as referring to a political ideology, rather than Jewish ethnicity.

    However, the court did recognise that criticism of Zionism and Israel was sometimes coded, or included subtle references to Jewish identity.

    Under the act, courts must carefully consider the context of relevant speech, including the tone and language used. That means blaming Jewish people for the actions of Israel or the Israeli military, for example, could in fact breach the law.

    Antisemitism definition

    The Federal Court’s decision in the Haddad case preceded the proposed antisemitism strategy by Jillian Segal, the government’s special envoy on combating hatred against Jewish people.

    Her report recommends the International Holocaust Remembrance Alliance’s definition of antisemitism be embedded in all public institutions.

    The definition is controversial because it appears to conflate criticism of Israel with racial and ethnic prejudice. Concerns have been raised legitimate criticism of Israel and its government would be stifled if the definition was widely embraced.

    A version of the definition was adopted in February by Universities Australia, the governing body for Australian universities.

    Some universities have rejected the definition on the grounds it may restrict legitimate academic freedom on campus.

    No defence available to Haddad

    Haddad argued his speeches were justified because they were based on Islamic scriptures. However, after weighing up expert evidence, the court found denigrating Jewish people was not supported by scripture.

    The speeches were not made “reasonably and in good faith”, given Haddad had used inflammatory language. He further “courted controversy” by also maligning Christians and Hindus.

    As the speeches were no more than “bigoted polemic”, no conflict between religious freedom and the Racial Discrimination Act arose.

    In summary, Haddad breached the act by making profoundly offensive speeches regarding Jewish people in Australia.

    The court ordered the sermons be removed from social media, while Haddad was ordered not to repeat them.

    The decision clarifies that antisemitic speech is prohibited by the discrimination laws, although criticism of Israel is not.

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

    – ref. Australian law is clear: criticism of Israel does not breach the Racial Discrimination Act – https://theconversation.com/australian-law-is-clear-criticism-of-israel-does-not-breach-the-racial-discrimination-act-261175

    MIL OSI Analysis – EveningReport.nz –

    July 18, 2025
  • MIL-OSI USA: Markey, Padilla, Chu Join Union Workers to Announce Legislation to Protect Workers from Extreme Heat

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Washington (July 16, 2025) – Today, on the heels of another harsh heat wave across California, Senator Edward J. Markey (D-Mass.) joined Senator Alex Padilla (D-Calif.), Representative Judy Chu (D-Calif.-28), and union workers from the United Farm Workers (UFW), American Federation of State, County and Municipal Employees, and United Steelworkers to announce their bipartisan, bicameral legislation to implement federal enforceable workplace heat stress protections.

    Co-leads of the legislation include Senator Catherine Cortez Masto (D-Nev.), and Representatives Robert C. “Bobby” Scott (D-Va.-03), Ranking Member of the House Committee on Education and Workforce, and Alma Adams (D-N.C.-12).

    To address the increasing risks from extreme temperatures, the lawmakers introduced the Asunción Valdivia Heat Illness, Injury, and Fatality Prevention Act, legislation to protect the safety and health of indoor and outdoor workers who are exposed to dangerous heat conditions in the workplace. The legislation would protect workers against occupational exposure to excessive heat by requiring the Occupational Safety and Health Administration (OSHA) to establish an enforceable federal standard to protect workers in high-heat environments with commonsense measures like paid breaks in cool spaces, access to water, limitations on time exposed to heat, and emergency response for workers with heat-related illness. The bill also directs employers to provide training for their employees on the risk factors that can lead to heat illness and guidance on the proper procedures for responding to symptoms.

    The bill is named in honor of Asunción Valdivia, who died in 2004 after picking grapes for 10 hours straight in 105-degree temperatures. Mr. Valdivia fell unconscious, but instead of calling an ambulance, his employer told Mr. Valdivia’s son to drive his father home. On his way home, he died of heat stroke at the age of 53.

    “Even as heat waves become more frequent, longer-lasting, and more severe, red state politicians are rolling back heat protections and child labor protections across the country. It’s not rocket science—you cannot be pro-worker if you are anti-heat protection,” said Senator Markey. “Our legislation would provide workers with basic, effective protections: access to water, access to shade, time limits on high heat exposure, and procedures for emergency medical response. Every worker deserves to know when they clock in that they will return home safe at the end of their shift.  The thermometer is rising and the clock is ticking. Republicans want to sacrifice working Americans. Let’s save our workers instead.”

    “Asunción Valdivia’s death was completely preventable, yet his story is sadly not unique. As the planet continues to grow hotter, there is still no federally enforceable heat safety standard for workers. That’s not just dangerous for the farm workers and construction workers who work all day outside in the sun — it’s also dangerous for the factory and restaurant workers in boiling warehouses and kitchens,” said Senator Padilla. “Every family deserves to know that even on the hottest day, their loved one will come back home. A national heat safety standard would provide that peace of mind and finally give workers the safety they deserve.”

    “From farmhands to construction workers, America’s essential workforce is doing important work while under extreme heat conditions,” said Senator Cortez Masto. “Temperatures continue to reach record highs in Nevada and across the United States. We must act now to protect our communities’ vital workers.” 

    “As we continue to experience record-breaking summer heat waves, we’re also seeing a distressing increase in cases of workers collapsing and even losing their lives due to excessive heat. I will never forget people like Asunción Valdivia or Esteban Chavez Jr., who passed away in Pasadena, California in 2022 after a day of delivering packages in 90-degree heat in a truck without air conditioning. Unfortunately, their tragic deaths were entirely preventable,” said Representative Chu. “Whether on a farm, driving a truck, or working in a warehouse, workers like Asunción and Esteban keep our country running while enduring some of the most difficult conditions—often without access to water or rest. To protect our workforce and save lives, we must pass this bill into law and establish comprehensive and enforceable federal standards addressing heat stress on the job.”

    “This summer, Americans across the country are grappling with some of the hottest temperatures on record. Yet workers in this country still have no legal protection against excessive heat—one of the oldest, most serious, and most common workplace hazards. Heat illness affects workers in our nation’s fields, warehouses, and factories, and climate change is making the problem more severe every year,” said Ranking Member Scott, House Committee on Education and Workforce. “This legislation will require OSHA to issue a heat standard on a much faster track than the normal OSHA regulatory process. I was proud to advance this important bill in 2022, and I urge Chairman Walberg and Committee Republicans to do so again this Congress. Workers deserve nothing less, particularly as heat-related illnesses and deaths rise.”

    “As we face record temperatures, it has never been more important that we protect our workers facing extreme heat in the workplace,” said Representative Adams. “Last year, a North Carolina postal worker Wendy Johnson lost her life to heat illness after spending hours in the back of a postal truck on a 95-degree day with no air conditioning. Her death was entirely preventable, and Wendy should still be with us today. I’m proud to introduce this bill so we can honor her memory and ensure every worker has the protections from extreme heat that Wendy deserved.” 

    According to the National Oceanic and Atmospheric Administration (NOAA), 2024 was the warmest year on record for the United States. The past decade, including 2024, was the hottest on record, marking a decade of extreme heat that will only get worse. Heat-related illnesses can cause heat cramps, organ damage, heat exhaustion, stroke, and even death. Between 1992 and 2017, heat stress injuries killed 815 U.S. workers and seriously injured more than 70,000. The Washington Center for Equitable Growth estimates hot temperatures caused at least 360,000 workplace injuries in California from 2001 to 2018, or about 20,000 injuries a year. The failure to implement simple heat safety measures costs U.S. employers nearly $100 billion every year in lost productivity.

    From 2011-2020, heat exposure killed at least 400 workers and caused nearly 34,000 injuries and illnesses resulting in days away from work; both are likely vast underestimates. Farm workers and construction workers suffer the highest incidence of heat illness. And no matter what the weather is outside, workers in factories, commercial kitchens, and other workplaces, including ones where workers must wear personal protective equipment (PPE), can face dangerously high heat conditions all year round.

    The Asunción Valdivia Heat Illness, Injury, and Fatality Prevention Act has the support of a broad coalition of over 250 groups, including: Rural Coalition, International Brotherhood of Teamsters, AFL-CIO, UNITE HERE!, Communication Workers of America, Alianza Nacional de Campesinas, Sierra Club, United Farm Workers, Farmworker Justice, Public Citizen, International Union of Bricklayers and Allied Craftworkers, United Food and Commercial Workers International Union, Union of Concerned Scientists, United Steelworkers, National Resources Defense Council, American Lung Association, and Health Partnerships.

    “Every worker safety rule in America is written in blood,” said UFW President Teresa Romero. “The UFW has been fighting for heat safety protections for decades. Over 20 years later, Asuncion Valdivia’s death still hurts. There are so many other farm workers — many whose names we do not know — who have also been killed by extreme heat on the job in the years since. Enough is enough. Every farm worker deserves access to water, shade, and paid rest breaks — it’s past time for Congress get this done.”

    “Too many workers – including AFSCME members – have lost their lives on the job as a result of blistering heat waves and record-breaking temperatures,” said AFSCME President Lee Saunders. “As the number of heat-related illnesses and fatalities continue to rise, it is well past time we adopt nationwide safeguards to better protect the workers who maintain our infrastructure, keep our streets clean, harvest our food, and keep our economy moving. We at AFSCME thank Senator Padilla and Representative Chu for introducing the Asunción Valdivia Heat Illness, Injury, and Fatality Prevention Act, which will ensure essential workers who brave the heat can do their jobs safely and effectively, and most importantly, make it home alive.”

    “For the Steelworkers Union, we represent workers in manufacturing settings and in a host of other areas where not only is it hot outside, but the areas that they work around are as hot as up to 3,000 degrees and they must wear protective equipment. The Asunción Valdivia Heat, Illness, Injury, and Fatality Prevention Act is important because it will provide a basic standard for not just outdoor, but indoor workplaces as well to ensure that there is proper rest breaks and the ability to stay cool. The Steelworkers are absolutely supportive of this bill and are going to work with Republicans and Democrats to ensure that heat illness is the last thing a worker should worry about,” said Roy Houseman, Legislative Director of United Steelworkers. 

    “Everyone deserves safe working conditions, but powerful corporations have not done enough to protect their workers from hot working environments, exacerbated by the climate crisis,” said Liz Shuler, President of the AFL-CIO. “Extreme heat is increasingly causing indoor and outdoor workers to collapse or even die on the job, and our union family has already lost too many members to preventable, work-related heat illness. The Occupational Safety and Health Administration (OSHA) must issue a strong heat rule, not a weak one, to ensure workers have specific protections they need and to be able to raise unsafe working conditions without fear of retaliation.”

    “It’s long past time for meaningful legislation to protect Teamsters and other workers from the effects of prolonged heat exposure and dangerous heat levels while at work,” said Teamsters General President Sean M. O’Brien. “Paid breaks in cool spaces, access to water, and limitations on time exposed to heat are simple common sense steps that should be mandated immediately. Waiting to implement these measures is unacceptable and will result in the further loss of lives.”

    “Workers in America are facing unprecedented dangers from climate-driven heat and extreme weather, and things are only getting worse. It is far past time for a strong national standard to protect workers from illness and death caused by exposure to extreme heat. The provisions mandated in this bill, including temperature triggers, acclimatization, water, shade and paid rest breaks, would save countless lives. They represent a common sense and common decency approach that employers could quickly adopt. American workers deserve no less, and they urgently need it. Today, OSHA is in the final stage of issuing a final rule on this issue. It is imperative that the rule maintain the integrity and high standards called for in the Asuncíon Valdivia Heat Illness, Injury, and Fatality Prevention Act. We applaud Senators Padilla, Markey, and Cortez Masto and Representatives Chu, Adams, and Scott, as well as the dozens of Senators and Congresspersons who have joined them in this long effort. It’s time to bring a high quality, protective standard to the finish line for American workers,” said Ernesto Archila, Climate and Financial Regulation Policy Director, Public Citizen.

    “Every summer high temperature records get broken in states across the country, and while public health officials urge residents to stay inside and stay safe millions of workers have to report for work. From fields to warehouses, airports to schools, construction sites to manufacturing plants, and many more industries, too many workers are at risk of not getting home safely at the end of the day due to exposure to heat on the job. We know how to prevent these dangers. In fact, both outdoor and indoor workers in states like Oregon, California, and Maryland have strong, enforceable protections in place already. And in Washington, Colorado, and Minnesota at least some categories of workers are being kept safe from heat. But millions labor in other states where there are no protections; worker safety is left to the federal government in these states, and absent strong rules workers are left to protect themselves and hope for the best. We must extend workplace protections from heat to all workers. The National Employment Law Project thanks Senator Padilla and Representative Chu, as well as the dozens of Senators and Congresspersons who have cosponsored the Asunción Valdivia Heat Illness, Injury, and Fatality Prevention Act of 2025,” said Anastasia Christman, Senior Policy Analyst, National Employment Law Project.

    The bill is cosponsored by Senators Angela Alsobrooks (D-Md.), Tammy Baldwin (D-Wis.), Richard Blumenthal (D-Conn.), Lisa Blunt Rochester (D-Del.), Cory Booker (D-N.J.), John Fetterman (D-Pa.), Ruben Gallego (D-Ariz.), Kirsten Gillibrand (D-N.Y.), Martin Heinrich (D-N.M.), Mazie Hirono (D-Hawaii), Mark Kelly (D-Ariz.), Ben Ray Luján (D-N.M.), Jeff Merkley (D-Ore.), Patty Murray (D-Wash.), Jack Reed (D-R.I.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Adam Schiff (D-Calif.), Chris Van Hollen (D-Md.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.).

    A one-pager on the Asunción Valdivia Heat Illness, Injury, and Fatality Prevention Act is available here.

    A section-by-section of the bill is available here.

    Full text of the bill is available here.

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI USA: Sen. Markey, Reps. Matsui, Barragán, Schneider, Carbajal Introduce Legislation to Create Coordinated Federal Response to Climate and Health Crisis

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Bill Text (PDF)

    Washington (July 17, 2025) – Senator Edward J. Markey (D-Mass.), a member of the Environment and Public Works Committee and the Health, Education, Labor, and Pensions (HELP) Committee, and Representatives Doris Matsui (CA-07), Salud Carbajal (CA-24), Nanette Barragán (CA-44), and Brad Schneider (IL-10) today reintroduced the Climate Change Health Protection and Promotion Act, legislation that would improve America’s public health response to climate change by establishing an Office of Climate Change and Health Equity (OCCHE) within the Department of Health and Human Services (HHS). OCCHE was originally established by President Biden’s Executive Order on Tackling the Climate Crisis at Home and Abroad. In January 2025, President Trump eliminated OCCHE and terminated its staff. Senators Lisa Blunt Rochester (D-Del.), Cory Booker (D-N.J.), and Jeff Merkley (D-Ore.) are cosponsors of this legislation.

    The reestablished OCCHE would support climate health research, health impact monitoring, and climate resilience initiatives within the health sector. In addition to codifying OCCHE, the bill would also direct the Secretary of HHS to develop a National Strategic Action Plan to assist health professionals in preparing for and responding to the public health effects of climate change. 

    “Climate change is making people and the planet sicker, and we need a national treatment plan to address the worst effects,” said Senator Markey. “While the Trump administration tries to fire everyone with any ability to fight the health impacts of the climate crisis, and while Republicans pass bills that kick millions of people off their health care, we are demanding a different future—one with a resilient health system that protects us all. My Climate Change Health Protection and Promotion Act will put us on track for a healthier, and brighter, future.”

    “Climate change is already endangering the health of Americans nationwide,” said Congresswoman Matsui. “President Trump and his Republican allies want to bury their heads in the sand, but we’ve seen the life-threatening effects of climate change in the Sacramento region, as flooding and wildfires are becoming more frequent and more intense. These impacts will only worsen as climate change accelerates. The Climate Change Health Protection and Promotion Act will ensure our healthcare system is prepared to face this new reality.”

    “The climate crisis is a persistent threat to our way of life – it is not just an environmental threat but is a public health emergency,” said Congressman Schneider. “The Climate Change Health Protection and Promotion Act will help ensure we are better prepared and supplied to protect the health and well-being of our communities and our planet. I’m proud to co-lead this bill with Reps. Matsui, Barragán and Carbajal and I’m hopeful that the coordination and investment it promotes will strengthen our ability to confront the health impacts of climate change head on.”

    “Climate change is already impacting the environment around us, and those changes bring real risks to our public health,” said Congressman Carbajal. “Our country must have a clear strategy for meeting these mounting threats to our air, water, and food supplies. This legislation marks a key step forward to defending both our environment and our well-being.”

    “Climate change is a very real problem that affects millions of Americans, from the growing health challenges they face to the care they receive,” said Congresswoman Barragán. “Yet, the Trump administration has undermined our federal agencies’ ability to protect our communities from climate change, especially as many of our underserved communities often fall through the cracks. That is why I am proud to co-lead this bill with Representative Matsui, which prioritizes public health and protects the environment by making sure that our agencies have the proper tools and resources they need to help combat climate change.”

    “The Climate Change Health Protection and Promotion Act of 2025 would implement an evidence-based approach to protecting Americans from the health threats of hazards like extreme heat, wildfire smoke, and storms. Data shows these climate-related events are increasing in severity and frequency,” said Jenny Keroack, Director of Program Strategy & Management in Health Care Without Harm’s U.S. Climate Program. “As a civil servant who worked at the now-defunct HHS Office of Climate Change and Health Equity, I was proud to help health care organizations support their patients and staff in the face of climate threats. We must redouble these efforts and use all of our public health tools to safeguard our communities from natural disasters and extreme weather.”

    “The climate crisis is also a health crisis and requires a robust whole-of-government approach to combat it,” said Ranjani Prabhakar, Legislative Director, Healthy Communities at Earthjustice Action. “From extreme heat to intense natural disasters, climate change is causing and exacerbating negative health outcomes in communities across the country. We thank Senator Markey and Rep. Matsui for recognizing the critical link between climate and public health and obligating the government to act.” 

    Specifically, the Climate Change Health Protection and Promotion Act would:

    • Formally establish an Office of Climate Change and Health Equity within the Department of Health and Human Services.
    • Provide technical support to state and local health departments to develop preparedness plans and conduct community outreach.
    • Enhance modeling of environmental and disease data and expand research into the relationship between climate change and health.
    • Prioritize communities who have been disproportionately harmed by the climate crisis.
    • Improve monitoring of infectious diseases and environmental health indicators.
    • Develop a National Strategic Action Plan for climate and health.
    • Require health impact assessments to determine how current and proposed laws, policies, and programs would protect against the health impacts of climate change.

    This legislation is endorsed by Health Care Without Harm, American College of Physicians, Center for Organizing, Deep South Center for Environmental Justice, Public Citizen, Physicians for Social Responsibility, Earthjustice, Climate Justice Alliance, and the International Transformational Resilience Coalition.

    Senator Markey has introduced several pieces of legislation to address the intersecting climate and health crises, including the Green New Deal for Health Act, which he introduced with Representative Ro Khanna (CA-17) in 2023.

    In July 2025, along with Representative Barragán, Senator Markey introduced a resolution recognizing climate change as a growing threat to public health and calling for a coordinated federal strategy to protect communities from worsening climate-fueled harms. 

    Last Congress, Senator Markey introduced the Protecting Moms and Babies against Climate Change Act with Representative Lauren Underwood (IL-04), the Preventing HEAT Illness and Deaths Act with Representative Suzanne Bonamici (OR-01), and the Community Mental Wellness and Resilience Act with Representatives Paul Tonko (NY-20) and Brian Fitzpatrick (PA-01).

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI Canada: Possibilities in the pipe for Nordegg

    To address the higher heating costs faced by families and businesses in the Nordegg regions – saving them up to 25 per cent on their utility bills – Alberta’s government is providing $2.5 million through the Rural Gas Program to build a natural gas pipeline. This pipeline will provide Nordegg and surrounding communities with safer, more reliable and more affordable heating, as well as more opportunities to grow their local economies.

    Albertans living in rural and remote areas face unique challenges in accessing the affordable, reliable utilities they need. In Nordegg, to keep families, homes and businesses warm during cooler weather, residents have relied primarily on propane and other alternative heating fuels, and as a result, face significantly higher utility bills than the average Albertan.

    “By delivering natural gas to the Nordegg area, we’re making life more affordable for families and businesses, as well as laying the groundwork to help this beautiful region of our province grow and thrive for many years to come.”

    Nathan Neudorf, Minister of Affordability and Utilities

    “This project is a game-changer for Nordegg and the surrounding area. Reliable, affordable access to natural gas means real savings for families and a boost for the local economy. I’m proud to see this investment in our communities and their prosperity.”

    Jason Nixon, MLA for Rimbey-Rocky Mountain House-Sundre

    Nordegg pipeline extension near the Nordegg Ranger Station.

    The 11-kilometre natural gas pipeline will run along Highway 11 into the Village of Nordegg, connecting the community to the nearby Tidewater Stolberg Gas Plant. Construction began in February and is expected to be completed by fall.

    “This project is a valuable partnership that will create new opportunities for business, and a brighter, more sustainable future for our rural community.”

    Michelle Swanson, Reeve, Clearwater County

    “The government’s support for the Nordegg Gasification Project is a reminder of the power of partnership in building rural Alberta. It means economic growth, community resilience, and opportunity for generations to come.”

    Tom Kee, Executive Director, Federation of Alberta Gas Co-ops

    To help rural communities across the province access critical services like gas, power and water, $8.5 million is being provided through Budget 2025 for the Rural Utilities Program. This program consists of the Rural Electric Program, Rural Gas Program, Rural Water Program and the Remote Area Heating Allowance, which delivers direct financial relief to thousands of Albertans facing the higher costs of alternative heating fuels where natural gas service is not available. 

    Quick facts:

    • The Rural Gas Program was established in 1973 and has distributed more than $500 million to help build the largest rural gas distribution system in the world.
    • Rural Gas Program funding is administered by the Federation of Alberta Gas Co-ops.

    Related information

    • Farm fuel and rural utility programs

    Related news

    • Powering life in rural Alberta (April 2, 2025)
    • Power up, costs down (March 25, 2025)
    • Keeping Albertans’ lights on and homes warm (Oct. 21, 2024)

    MIL OSI Canada News –

    July 18, 2025
  • MIL-OSI Banking: ACP Statement on Lengthy New Review Procedures from DOI for Energy Projects

    Source: American Clean Power Association (ACP)

    Headline: ACP Statement on Lengthy New Review Procedures from DOI for Energy Projects

    WASHINGTON, D.C., July 17, 2025 – The American Clean Power Association (ACP) issued the following statement from ACP CEO Jason Grumet in response to the announcement of new lengthy review procedures from the Department of the Interior targeting solar and wind development: 
    “The recently released memo from the Interior Department is a bewildering departure from the Administration’s promise to bring down energy prices and make America competitive in the race against China for AI and data centers.     
    “In stark contradiction to the Administration’s commitment to tackling bureaucracy, this directive adds three new layers of needless process and unprecedented political review to the construction of domestic energy projects. The Secretary of the Interior will apparently now be personally reviewing thousands of documents and permit applications for everything from the location and types of fences to the grading of access roads on construction sites across the country.  
    “This intentional effort to slow energy production comes at the worst possible moment. U.S. electricity demand is projected to surge 35-50% by 2040, with data centers alone requiring over 100 GW of new capacity. To meet this demand, America needs a true ‘all of the above’ strategy, which includes additional natural gas and intense efforts to accelerate geothermal and advanced nuclear technologies.   
    “Clean energy represented 93% of new capacity added to the grid last year because these sources are the best way to meet demand right now. It’s basic economics that cutting off the fastest and most affordable energy available to the grid just as demand surges will constrain our energy supply and lead to significant cost increases for American businesses and families.   
    “This isn’t oversight. It’s obstruction that will needlessly harm the fastest growing sources of electric power. The move is particularly confounding as we look to the Administration to support bipartisan efforts in Congress to streamline permitting for all sources of American energy.”   
    ###

    MIL OSI Global Banks –

    July 18, 2025
  • MIL-OSI United Kingdom: The UK is deeply concerned by violence and attacks on civilians in Syria: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Speech

    The UK is deeply concerned by violence and attacks on civilians in Syria: UK statement at the UN Security Council

    Statement by Ambassador Barbara Woodward, UK Permanent Representative to the UN, at the UN Security Council meeting on Syria.

    I would like to make three points.  

    First, the UK is deeply concerned by the escalating violence in Suwayda. 

    We have urged all parties to de-escalate and take immediate action to protect civilians. 

    We are alarmed by reports of attacks on medical personnel and facilities. 

    Civilians and civilian infrastructure must never be targeted, and we call on all parties to ensure humanitarian aid can reach those who need it.

    We take note of President Al Sharaa’s comments on the importance of protection of Syria’s Druze community and accountability for those who have committed attacks. 

    And we urge that investigations and steps towards accountability take place swiftly.

    Second, we are deeply concerned by Israel’s escalatory strikes in Damascus. 

    We repeat our call for Israel to refrain from actions that risk destabilising Syria and the wider region. 

    Syria’s sovereignty and territorial integrity must be respected.  

    We welcome the news that a ceasefire has been agreed. 

    And we urge all parties to commit to maintaining it.

    Third, this is a critical moment for Syria and for the stability of the region. 

    My Foreign Secretary travelled to Damascus earlier this month, where he held productive talks and heard from the Syrian Government and ordinary Syrians about their aspirations for the country. 

    A peaceful and secure future for the Syrian people requires all of Syria’s communities to be protected and fully included in the political transition. 

    So we call on the Syrian Government to prioritise genuine inclusivity and representation in the appointment and election of People’s Assembly members and in all further elements of the political transition.  

    An accountability process is also critical to ensuring stability and lasting peace. 

    We urge the Syrian Government to investigate human rights violations and abuses by all parties and ensure those responsible are held to account. 

    We look forward to seeing the Syrian Government’s report on the violence in the coastal areas in March. 

    This is a crucial step towards justice and reconciliation for the Syrian people.

    Updates to this page

    Published 17 July 2025

    MIL OSI United Kingdom –

    July 18, 2025
  • MIL-OSI Canada: Province moves to protect supply of two more diabetes drugs

    The Province is limiting sales of the drugs tirzepatide and dulaglutide, commonly known by the brand names Mounjaro and Trulicity, to preserve the supply for people with diabetes who really need it.

    In April 2023, the provincial government added a “limits on sale” regulation to the Pharmacy Operations and Drug Scheduling Act to prevent sales of semaglutide (Ozempic, Wegovy, Rybelsus) to non-Canadian residents, to limit the impact of a supply shortage.

    “Tirzepatide, dulaglutide and semaglutide are prescription drugs approved for the management of Type 2 diabetes, but their off-label use for weight loss is driving shortages of the drugs in several countries, including the United States,” said Josie Osborne, Minister of Health. “Our government is continuing to take action to ensure that people living with diabetes have reliable access to these essential medications.”

    Drugs in the regulation, which now include tirzepatide and dulaglutide, can be purchased from B.C. pharmacies, online or in-person, by B.C. residents, Canadian citizens and permanent residents.

    B.C. pharmacists will not be able to sell tirzepatide, dulaglutide and semaglutides to people who are not a citizen or permanent resident of Canada and who are not at the pharmacy in person. However, they will still be able to sell the drugs, in person at the pharmacy, to non-Canadians who have a valid prescription signed by a Canadian doctor or nurse practitioner.

    The College of Pharmacists of B.C. is responsible for ensuring that college registrants comply with the regulation.

    Learn More:

    Learn about B.C. PharmaCare: https://www2.gov.bc.ca/gov/content/health/health-drug-coverage/pharmacare-for-bc-residents

    MIL OSI Canada News –

    July 18, 2025
  • MIL-OSI Asia-Pac: MOFA sincerely thanks Japanese Prime Minister Ishiba for publicly extending sympathies to Taiwan over losses caused by Typhoon Danas

    Source: Republic of China Taiwan

    MOFA sincerely thanks Japanese Prime Minister Ishiba for publicly extending sympathies to Taiwan over losses caused by Typhoon Danas

    Date:2025-07-13
    Data Source:TAIWAN-JAPAN RELATIONS ASSOCIATION

    July 13, 2025 
    No.241 

    In the evening of July 12, Japanese Prime Minister Shigeru Ishiba posted a message on social media platform X extending sympathies to Taiwan over the losses caused by Typhoon Danas and expressing the hope that all those affected would be able to resume their normal lives as soon as possible. 
     
    Both the Ministry of Foreign Affairs and the Taipei Economic and Cultural Representative Office in Japan immediately extended appreciation to the government of Japan for the thoughtful message. 
     
    Japan-Taiwan Exchange Association Taipei Office Chief Representative Kazuyuki Katayama; Mrs. Akie Abe, widow of late Japanese Prime Minster Shinzo Abe; and many Japanese parliamentarians friendly to Taiwan from across the political spectrum also openly and promptly expressed empathy. These gestures fully demonstrate the mutual concern and genuine friendship between Taiwan and Japan. 
     
    Taiwan and Japan are both situated in areas that frequently experience typhoons and earthquakes. Whenever a natural disaster strikes, Taiwan and Japan can count on each other for assistance to overcome related impacts. Indeed, the cordial and cooperative relations between Taiwan and Japan serve as an important asset and model for the international community. Immediately after the occurrence of the typhoon, the people and government of Taiwan fully embarked on disaster relief. Taiwan will continue to maintain close contact with Japan on these efforts. 
     
    Minister of Foreign Affairs Lin Chia-lung once again sincerely thanks the people and government of Japan for their warm sentiments and assistance. He hopes that in the future Taiwan and Japan will continue to engage in extensive and substantive collaboration and exchanges in all areas, including natural disaster prevention and mitigation, so as to bolster the resilience of their societies and develop an even stronger, closer, and more robust bilateral partnership. (E) 

    MIL OSI Asia Pacific News –

    July 18, 2025
  • MIL-OSI USA: S. 539, PROTECT Our Children Reauthorization Act of 2025

    Source: US Congressional Budget Office

    S. 539 would reauthorize the PROTECT our Children Act of 2008 and authorize the appropriation of specific amounts for each year from 2026 through 2028 totaling $240 million for programs at the Department of Justice that assist federal, state, and local law enforcement agencies in investigating and prosecuting child exploitation. Most of the authorized funding would support the Internet Crimes Against Children (ICAC) program, a network of task forces that support state and local governments’ efforts to investigate and prosecute child sexual exploitation and other crimes against children committed over the Internet. S. 539 also would limit liability for ICAC task forces in civil and criminal lawsuits filed in federal or state courts with respect to investigations of crimes against children. The underlying authorizations for those programs expired at the end of 2024.

    Lastly, the bill would require the National Center for Missing and Exploited Children (NCMEC) to provide all supplemental information reported to the CyberTipline to law enforcement agencies. The CyberTipline is the national reporting system for online child sexual exploitation.

    Based on historical spending patterns for similar activities, CBO estimates that implementing S. 539 would cost $157 million over the 2025-2030 period and $83 million after 2030, assuming appropriation of the authorized amounts.

    The costs of the legislation, detailed in Table 1, fall within budget function 750 (administration of justice).

    Table 1.

    Estimated Increases in Spending Subject to Appropriation Under S. 539

     

    By Fiscal Year, Millions of Dollars

     
     

    2025

    2026

    2027

    2028

    2029

    2030

    2025-2030

    Authorization

    0

    70

    80

    90

    0

    0

    240

    Estimated Outlays

    0

    5

    20

    36

    48

    48

    157

    S. 539 would impose intergovernmental and private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) by providing certain liability protections against criminal or civil cases arising in federal or state courts with respect to ICAC’s investigations of crimes against children.This would remove a right of action from public and private entities. The cost of this mandate would be the lost financial rewards from successful litigation. CBO cannot anticipate the number of cases that would be prohibited under the bill, the outcome of such cases, or the financial awards from successful litigation. Therefore, CBO cannot determine whether the cost of the mandate would exceed the intergovernmental and private-sector thresholds established in UMRA ($103 million and $206 million respectfully, in 2025, adjusted annually for inflation).

    The bill also would impose a private-sector mandate on the National Center for Missing and Exploited Children by requiring NCMEC to include supplemental information with their reports on child abuse to law enforcement agencies. CBO assumes that this information is readily available because NCMEC already compiles this information in the process of creating those reports. Therefore, CBO expects the cost of this mandate would be well below the private-sector threshold established in UMRA.

    The CBO staff contacts for this estimate are Jeremy Crimm (for federal costs) and Erich Dvorak (for mandates). The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

    July 18, 2025
  • MIL-OSI USA: H.R. 3477, Ensuring Airline Resiliency to Reduce Delays and Cancellations Act

    Source: US Congressional Budget Office

    H.R. 3477 would require passenger air carriers to develop and regularly update a strategy to prevent or limit the effects of severe weather and other anticipated disruptions on passengers. The bill would require the Department of Transportation to develop a method to protect the confidentiality of trade secrets or proprietary information in those strategies. In addition, H.R. 3477 would require the Government Accountability Office to evaluate the effectiveness of the strategies and report to the Congress.

    Based on the cost of similar activities, CBO estimates that implementing the bill would cost $1 million over the 2025-2030 period. Any related spending would be subject to the availability of appropriated funds.

    The bill would impose a private-sector mandate as defined in the Unfunded Mandate Reform Act (UMRA) by requiring passenger air carriers to develop a strategy for preventing or limiting the effect of weather and other foreseeable disruptions on passengers. This would marginally expand existing requirements on air carriers to plan for, and respond to, certain disruptions in service. CBO expects that because carriers would build on existing operational policies for responding to those events, the cost of compliance would fall well below the threshold established in UMRA for private-sector mandates ($206 million in 2025, adjusted annually for inflation).

    H.R. 3477 would not impose intergovernmental mandates as defined in UMRA.

    The CBO staff contacts for this estimate are Aaron Krupkin (for federal costs) and Brandon Lever (for mandates). The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

    July 18, 2025
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