NewzIntel.com

Category: Politics

  • MIL-OSI: FormFactor Announces the Closing of FICT Transaction

    Source: GlobeNewswire (MIL-OSI)

    LIVERMORE, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) — FormFactor, Inc. (Nasdaq: FORM) is pleased to announce the closing of its acquisition, together with North Asia private equity firm MBK Partners (“MBKP”), of FICT Limited (“FICT”). As stated on February 5th, 2025, this transaction secures FormFactor’s access to FICT’s essential technologies for advanced probe cards, strengthens the long-term partnership between the companies, and positions FICT to continue developing leading-edge technologies for its customers in the semiconductor and high-performance computing markets. 

    FormFactor invested approximately $60M for a 20% non-controlling stake and was granted a seat on the company’s board of directors. This investment is not expected to have a material impact on FormFactor’s operating results. 

    “FormFactor and MBKP are committed to the success of FICT and FICT’s customers,” commented Mike Slessor, FormFactor CEO. “This transaction solidifies our important collaboration with FICT to build world-class test and packaging consumables, and strengthens the semiconductor test supply chain serving the rapidly accelerating adoption of advanced packaging.” 

    About FormFactor:

    FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full semiconductor product life cycle – from characterization, modeling, reliability, and design de-bug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com. 

    Forward-looking Statements: 

    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the federal securities laws, including with respect to the Company’s future financial and operating results, and the Company’s plans, strategies and objectives for future operations. These statements are based on management’s current expectations and beliefs as of the date of this release, and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the expected impact of the transaction on the Company’s operating results, the expected benefit of the transaction to the Company and the industry, and other statements regarding the Company’s business. Forward-looking statements may contain words such as “may,” “might,” “will,” “expect,” “plan,” “anticipate,” “forecast,” and “continue,” the negative or plural of these words and similar expressions, and include the assumptions that underlie such statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in demand for the Company’s products; customer-specific demand; market opportunity; anticipated industry trends; the potential impact on the business of FormFactor and FICT due to uncertainties in connection with the acquisition; the retention of employees of FICT following acquisition; the ability of FormFactor to achieve expected benefits from the FICT acquisition; the availability, benefits, and speed of customer acceptance or implementation of new products and technologies; manufacturing, processing, and design capacity, goals, expansion, volumes, and progress; difficulties or delays in research and development; industry seasonality; risks to the Company’s realization of benefits from acquisitions, investments in capacity and investments in new electronic data systems and information technology; reliance on customers or third parties (including suppliers); changes in macro-economic environments; events affecting global and regional economic and market conditions and stability such as military conflicts, political volatility, infectious diseases and pandemics, and similar factors, operating separately or in combination; and other factors, including those set forth in the Company’s most current annual report on Form 10-K, quarterly reports on Form 10-Q and other filings by the Company with the U.S. Securities and Exchange Commission. In addition, there are varying barriers to international trade, including restrictive trade and export regulations such as the US-China restrictions, dynamic tariffs, trade disputes between the U.S. and other countries, and national security developments or tensions, that may substantially restrict or condition our sales to or in certain countries, increase the cost of doing business internationally, and disrupt our supply chain. No assurances can be given that any of the events anticipated by the forward-looking statements within this press release will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Unless required by law, the Company is under no obligation (and expressly disclaims any such obligation) to update or revise its forward-looking statements whether as a result of new information, future events, or otherwise. 

    Source: FormFactor, Inc. 
    FORM-F 

    Investor Contact
    Stan Finkelstein
    Investor Relations
    (925) 290-4273
    ir@formfactor.com

    The MIL Network –

  • MIL-OSI: Federal Home Loan Bank of Atlanta Commits $60 Million for Homeownership Grants

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Feb. 24, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it is making $60 million in grant funding available through two enhanced programs to help families and individuals purchase or rehabilitate a home. Financial institutions that are members of FHLBank Atlanta can apply for funding to distribute to eligible customers beginning today, Feb. 24, 2025.

    “We are pleased to expand our support for homebuyers and homeowners this year, especially in light of challenges including high home prices and recent natural disasters,” said FHLBank Atlanta President and CEO Kirk Malmberg. “These programs have been designed to assist both first-time and repeat homebuyers, low- and moderate-income families, members of public service occupations, and those in declared emergency areas. We anticipate this funding will significantly impact the lives of thousands of people.”  

    FHLBank Atlanta is committing $40 million through its 2025 Affordable Housing Program (AHP) Homeownership Set-aside Program. Each member financial institution can access up to $750,000 to distribute through three products:

    • First-time Homebuyer: Provides up to $17,500 in downpayment, closing cost, or rehabilitation assistance to first-time homebuyers in connection with the purchase of an existing home. This is an increase from $12,500 offered in 2024.
    • Community Partners: Provides up to $20,000 in downpayment, closing cost, counseling, or rehabilitation assistance in connection with the purchase or purchase and rehabilitation of an existing home by employed or retired law enforcement officers, educators, firefighters, health care workers, veterans and surviving spouses, and other first responders. This is an increase from $15,000 offered in 2024.
    • Community Rebuild and Restore: Provides up to $25,000 in funding for the rehabilitation of an existing owner-occupied home in Major Disaster Declaration areas as designated by the Federal Emergency Management Agency (FEMA) or by a local, state, or other federal government agency. This funding per unit is up from $10,000 in 2024.

    FHLBank Atlanta is contributing $20 million to promote affordable housing through its Workforce Housing Plus+ Program, developed for borrowers with incomes between 80.01% and 120% of the area median income (AMI).

    • Member financial institutions can access up to $500,000 each and disburse grants up to $15,000 per eligible borrower for downpayment and closing costs.
    • Homes must be the primary residence of each grant recipient and located in FHLBank Atlanta’s district, which includes Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia.

    “As a member of FHLBank Atlanta, we have access to a range of affordable housing programs, including downpayment assistance, which reduces barriers to homeownership for many people,” said Paul Phillips, President and CEO of Freedom First Federal Credit Union. “By applying for FHLBank Atlanta funding to distribute, we are creating a ripple effect of positive change – empowering local individuals and families to invest in their futures and build generational wealth while strengthening communities. As a community development financial institution (CDFI), these programs are a powerful way that we fulfill our mission to help people prosper and help communities thrive.”

    Visit the FHLBank Atlanta website for full detail and eligibility requirements for the 2025 Homeownership Set-aside Program and Workforce Housing Plus+ Program. Funds to member institutions are available on a first-come, first-served basis. Borrower contribution and credit counseling are required for most products.

    If you need assistance connecting with a member financial institution, or for more information, call the Bank’s Community Investment Services department at 1.800.536.9650, option 3.

    About FHLBank Atlanta
    FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members – its shareholders and customers – are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district Banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $9.1 billion in Affordable Housing Program funds, assisting more than 1.2 million households.

    For more information, visit our website at www.fhlbatl.com.

    CONTACT: Sheryl Touchton
    Federal Home Loan Bank of Atlanta
    stouchton@fhlbatl.com

    The MIL Network –

  • MIL-OSI Video: Pham Minh Chinh discusses Viet Nam’s relationship with the US #Davos2025 #WorldEconomicForum

    Source: World Economic Forum (video statements)

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/
    X ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=2VvtdiWg_LU

    MIL OSI Video –

  • MIL-OSI United Kingdom: Second shipment of high level waste from the UK to Germany

    Source: United Kingdom – Executive Government & Departments

    News story

    Second shipment of high level waste from the UK to Germany

    Sellafield Ltd and Nuclear Transport Solutions are making preparations for the second return of high level waste, in the form of vitrified residue, to Germany.

    Seven flasks will be transported from Sellafield via a German port to the Isar Federal storage facility in the first half of 2025.

    This will be the second of three shipments from the UK to Germany. The first shipment of 6 flasks, to Biblis, was successfully completed in 2020.

    The waste results from the reprocessing and recycling of spent nuclear fuel at the Sellafield site in West Cumbria, which had previously been used to produce electricity by utilities in Germany.

    Vitrified residue returns are a key component of the UK’s Nuclear Decommissioning Authority (NDA) strategy to repatriate high level waste from the UK, fulfil overseas contracts and deliver UK Government policy.

    These returns involve Sellafield Ltd working in partnership with Nuclear Transport Solutions (NTS) to return the waste to German customers.

    The waste will be transported by sea on a specialist vessel to a German port, then onwards by rail to its final destination.

    The shipments will be carried out in full compliance with all applicable national and international regulations, and subject to issue of all relevant permits and licenses.

    Sellafield Ltd and NTS will provide further information on the shipments in due course.

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: IOM Urges Long-Term Funding and Partnerships to Tackle Global Displacement at Riyadh Forum

    Source: International Organization for Migration (IOM)

    Riyadh, 24 February 2025 – International Organization for Migration (IOM) Director General Amy Pope underscored at the 4th Riyadh International Humanitarian Forum (RIHF) the need for strengthening partnerships and collaboration as key to delivering solutions to the world’s deteriorating displacement crises.

    “With record numbers of people displaced around the world – and many millions more at risk of becoming so – the international community must develop comprehensive and sustainable approaches, bringing together our efforts across humanitarian response, development initiatives and peacebuilding,” DG Pope said. “This forum is an important and timely opportunity for us to work together towards this goal, keeping the needs of displaced people at the center of our response.”

    The numbers of people already internally displaced globally have reached a record level of about 76 million. Displacement crises have become more protracted, lasting between 10 years to 26 years on average.

    DG Pope emphasized the need for replacing short-term funding with long-term financing for government-led, development-oriented solutions to displacement in close collaboration with multilateral development banks.

    During the event, DG Pope is participating in two key panels, and she will be meeting with senior Saudi government officials on the sidelines, including with His Highness Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior and Dr Abdullah Al Rabeeah, Supervisor General King Salman Humanitarian Aid and Relief Centre.

    DG Pope will also meet with Dr. Muhammed Sueliman Al Jazeer, Chairperson of Islamic Development Bank, Ambassador Tariq Ali Bakheet, Assistant Secretary General of Organisation of Islamic Cooperation (OIC) and senior officials from the UN and philanthropy organisations.

    “The Riyadh forum is a testament to Saudi Arabia’s leading humanitarian role and is an important platform to address the challenging humanitarian situation globally at this moment,” said IOM’s Regional Director for the Middle East and North Africa Othman Belbeisi. “IOM will continue to strengthen its collaboration with the kingdom and King Salman Humanitarian Aid and Relief Centre to drive solutions to displacement crises.” 

    Discussion at RIHF, whose theme this year is “Navigating the Future of Humanitarian Response”, will focus on exploring innovative approaches to humanitarian aid, the role of technology in crisis response, and the challenges posed by climate change, conflict, and displacement.

    The forum, which takes place in the Kingdom of Saudi Arabia on 24-25 February, is organized by King Salman Humanitarian Aid and Relief Centre (KSrelief) and attended by humanitarian leaders, donors, practitioners, researchers, and others.

    For more information, please contact:

    In Cairo: Joe Lowry, jlowry@iom.int

    In Geneva: Kennedy Okoth kokoth@iom.int

     

    MIL OSI United Nations News –

  • MIL-OSI Global: Why including people with disabilities in the workforce and higher education benefits everyone

    Source: The Conversation – USA – By Lauren Shallish, Associate Professor of Disability Studies in Education, Rutgers University – Newark

    The employment rate for people with disabilities is about half that of nondisabled people. Johner Images via Getty Images

    Whether it’s declaring that blindness prevents government employees from doing their jobs or suggesting that hiring workers with intellectual disabilities contributed to Federal Aviation Administration safety lapses, the Trump administration has repeatedly questioned whether people with disabilities belong in the workplace.

    This stance reflects widespread stigma and misconceptions about what people with disabilities can and do accomplish.

    Negative stereotypes and exclusionary practices persist despite the fact that people with disabilities are the largest minority group in the United States, representing nearly 30% of the population. Whether or not you identify as disabled, most people live or work in close proximity to others with a disability.

    For years I have researched how people with disabilities have been kept out of efforts to guarantee equal access for everybody, particularly in higher education. This exclusion is often due to unfounded beliefs about capacity, intellect and merit, and the false premise that disability inclusion requires lowering standards.

    However, studies demonstrate that including people with disabilities is good for everyone, not just disabled people. Schools and workplaces are more collaborative and responsive when people with disabilities are included at all levels of the organization. In other words, disability inclusion isn’t about charity; it’s about making organizations work better.

    The Americans with Disabilities Act, enacted in 1990, provides legal protections for people with disabilities in the workplace.
    kyotokushige/DigitalVision via Getty Images

    Rolling back protections

    President Donald Trump issued executive orders the day he took office for a second time that aimed at ending government and private-sector efforts to make U.S. workplaces and schools more diverse, equitable and inclusive. In addition to affecting LGBTQ+ communities and people of color, these measures could erode years of progress toward protecting the rights of people with disabilities to earn a living.

    Between 40 million and 80 million Americans identify as disabled. Even the higher end of this range underestimates the actual number of people with disabilities, because some individuals choose not to identify that way or even realize they qualify as such. That includes people with impairments from chemical and pesticide exposure, as well as many older people and those who are living with HIV and AIDS, to name some examples.

    Only 15% of people with disabilities are born with their impairment, so most individuals become disabled over their lifetime.

    Tracing historical precedents

    Blaming failures on people with disabilities and people of color echoes the harms embedded in eugenics, an attempt to scientifically prove genetic inferiority of disabled, LGBTQ+ Indigenous and Black people.

    Eugenics led to the institutionalization and forced sterilization of, and the coercive experimentation on, people with disabilities, immigrants and people of color across the U.S. Even the Supreme Court endorsed the concept in the early 20th century.

    These studies began to fade after World War II, but their legacy persists. Even today, forced sterilization continues to be lawful in U.S jurisdictions in 31 states and in Washington.

    Due to widespread activism and the advent of new legal protections, many states finally dismantled their eugenic policies in the late 1970s. But eugenics-era experiments provided foundations for contemporary medical research, standardized testing and segregated school placements.

    People with disabilities have far-reaching legal guarantees of civil rights and access today due to the Americans with Disabilities Act. The statute, which was enacted in 1990 and strengthened in 2008, provided protections in the workplace, educational settings, transportation and places of recreation and commerce, among others. It also guarded against negative perceptions of disability.

    For example, if an employer perceived someone as disabled and denied them consideration in the hiring process because of that, the candidate would be protected from discrimination under the ADA – whether or not they had a disability.

    While these advances are significant, many people with disabilities still do not have access to their basic civil rights. This is particularly true of Black people with disabilities, as they are disproportionately pushed out of school, disciplined more harshly, targeted for incarceration and marginalized in disability representation and research.

    Accommodations for people with disabilities enable them to contribute unique talents to classrooms and workplaces.
    Halfpoint Images via Getty Images

    Gaining workplace accommodations

    Critics of inclusion efforts sometimes wrongly argue that employing people with disabilities is too costly due to the accommodations they may require. But the Job Accommodation Network in the Department of Labor’s Office of Disability Employment Policy found in 2023 that nearly 60% of these accommodations cost nothing.

    What’s more, many tax incentives are available to cover these costs.

    Disability civil rights law does not mandate hiring people who are not qualified or lowering standards to include the disabled. The law requires that candidates meet the “essential functions” of the job in order to be hired.

    According to a 2024 Labor Department report, the employment rate for working-age people with disabilities was 38% compared with 75% for nondisabled people. Though there are countless reasons for this disparity, many people with disabilities can and want to work, but employers don’t give them the opportunity.

    Providing benefits for everyone

    Many accommodations designed for people with disabilities also benefit others.

    Captioning on videos and movies was originally meant to benefit the deaf community, but it also helps multilingual speakers and people who simply are trying to follow the dialogue. Similarly, visual or written instructions assist people with depression, Down syndrome or attention-deficit/hyperactivity disorder, but they can also make tasks more accessible for everyone, along with breaking assignments into smaller components.

    Sensory break rooms benefit people with autism and post-traumatic stress disorder, while also providing a reprieve in a noisy work environment and minimizing distractions. Remote work options can make it easier for people with chronic illnesses to be employed, and they similarly benefit others who may have caregiving responsibilities – helping attract and retain talented employees. Text-to-speech software provides people with cerebral palsy and nonspeaking individuals with options for communication, similar to options that many people already use on their phones.

    A large body of research demonstrates the broad benefits of making jobs and schools more accessible to people with disabilities, which is ultimately an advantage for everyone.

    Studies on diversity in educational and workplace settings also demonstrate positive outcomes. In a study of 10 public universities, researchers found that students who reported positive, informal interactions with diverse peers had higher scores on measures of more complex thinking, a concern for the public good and an interest in poverty issues, and were more likely to vote and develop strong leadership skills.

    In a national survey of human resources managers conducted in 2019, 92% of the respondents who were aware that one or more of their employees had a disability said those individuals performed the same or better than their peers who did not.

    Research published by the Harvard Business Review found many advantages to hiring people with disabilities.

    For one thing, people with disabilities can have unique insights that contribute to the workplace culture. The presence of employees with disabilities can make the environment of entire companies and organizations more collaborative. Earning a reputation for inclusiveness and social responsibility can improve customer relations and can give businesses an edge when they seek funding and recruit talented new employees.

    Ultimately, I believe it’s important to create conditions where anyone can thrive, including people with disabilities. Doing so benefits everyone.

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

    – ref. Why including people with disabilities in the workforce and higher education benefits everyone – https://theconversation.com/why-including-people-with-disabilities-in-the-workforce-and-higher-education-benefits-everyone-249676

    MIL OSI – Global Reports –

  • MIL-OSI Global: As Pennsylvania inches toward legalizing recreational cannabis, lawmakers propose selling it in state-owned dispensaries similar to state liquor stores

    Source: The Conversation – USA – By Daniel J. Mallinson, Associate Professor of Public Policy and Administration, Penn State

    Advocates believe Pennsylvania and Hawaii may be the next fronts in recreational cannabis legalization. Spencer Platt/Getty Images

    After a long, largely successful march over 25 years to liberalize cannabis laws in the United States, the movement had a tough election in 2024.

    Legalization ballot measures failed in Florida, North Dakota and South Dakota. In Arkansas, votes on legalization were not even counted due to litigation over the measure. The only successful measures – passed in Nebraska – are also on hold due to litigation.

    Federally, many of President Donald Trump’s nominees in key posts at the Department of Health and Human Services, Department of Justice and Drug Enforcement Administration have made strong anti-cannabis statements. This may not bode well for the effort started by President Joe Biden to reschedule marijuana as a less dangerous drug.

    So, what is the future of cannabis legalization in the United States?

    As political scientist Lee Hannah and I argued in our 2024 book “Green Rush,” the states are central to the story of cannabis legalization in the United States.

    In fact, advocates are looking to places such as Pennsylvania and Hawaii in 2025 as the next fronts in recreational legalization.

    Let’s zoom in on Pennsylvania.

    Pennsylvania is a middling adopter

    Pennsylvania is following about the same trajectory with adult-use recreational legalization as it did with medical marijuana. It is not an innovator but also not a laggard.

    When Pennsylvania adopted medical marijuana in 2016, 23 states had already done so.

    The political environment is very different in 2025 than 2016, however, which raises the difficulty of passing a bill that makes recreational marijuana use legal, even in a state where legalization is popular.

    In 2016, Pennsylvania’s General Assembly was controlled completely by Republicans, and the governor was a Democrat. Now, the Democrats hold a single-seat majority in the House that erodes every time there is a vacancy. Republicans still control the Senate, and Democrat Josh Shapiro is the governor.

    A major key to medical cannabis legalization passing in 2016 was Republican state Sen. Mike Folmer’s advocacy within his caucus. Without a Republican champion, it may not have passed.

    For legalization of recreational cannabis, state Sen. Dan Laughlin has been the clear Republican champion. He has been working with Democratic state Sen. Sharif Street of Philadelphia to build support and find a policy design that works for Republicans and Democrats.

    But Republican Senate leadership has remained cool to the idea. Senate President Pro Tempore Kim Ward is not a supporter and has been pushing the governor to get more involved.

    “If (Shapiro) wants something done, he needs to lead on it,” Ward said. “He can’t throw an idea out there, which he did last year, and say, ‘Let the legislature figure it out, I’ll sign it.’”

    Expected revenues likely to fall short

    For his part, Shapiro has included projected revenues from legalization in his budget proposals since assuming office in 2023.

    This year, he projected an even greater first-year haul – US$536 million – if recreational cannabis is legalized. This estimate includes revenue from initial licensing fees.

    The assumptions going into these projections aren’t clear. And while cannabis legalization has been lucrative for state revenues in other places, revenues often fall short of what was projected during legalization debates.

    Importantly, Pennsylvania is now nearly surrounded by states with legal recreational cannabis. That includes New York, New Jersey, Delaware, Maryland and Ohio, but not West Virginia.

    It is no secret that, in the words of Shapiro, “Pennsylvanians who want to buy cannabis are just driving across the border to one of our neighbors.”

    Research on how ideas and policies spread makes clear the intense pressure that comes as a state’s neighbors adopt a policy, especially one with major economic ramifications.

    But pressure does not determine the result. The internal politics of a state can still block a policy from being adopted.

    State-owned cannabis stores

    The biggest challenge for legalization in Pennsylvania will be navigating those internal political dynamics – especially finding a compromise that can be supported by both Democrats and Republicans.

    Public safety is often raised as a concern during legalization debates. To counter this point, Democrats in the state House have proposed selling legal cannabis in state-owned stores, just like how liquor and some wine is sold in Pennsylvania now.

    The Pennsylvania Liquor Control Board operates nearly 600 Fine Wine & Good Spirits stores across the state.
    Paul Weaver/SOPA Images/LightRocket via Getty Images

    No other states do this, and it puts the state on potentially very slippery ground with the federal government, which still considers cannabis to be completely prohibited. State-run stores mean that states are providing a banned substance directly to citizens. That is a significant step further than creating an infrastructure to regulate private entities that are breaking federal law.

    Moreover, there has been a decades-long effort in Pennsylvania by conservatives to privatize the state liquor stores. It seems odd that Republicans would support using that model to create a recreational cannabis market.

    If privately owned but government-regulated dispensaries are used, there is significant debate among cannabis policy experts as to whether it is wise to give existing medical dispensaries first dibs on recreational licenses. Doing so allows states to open their recreational programs very quickly.

    The drawback, however, is that large, multistate operators such as Trulieve, which runs dispensaries in several states, are positioned to gain a significant share of the market. This is why the industry supports the approach to initial licensing. Legalization advocates such as Shaleen Title, however, are very concerned about the development of a “Big Cannabis” that resembles Big Tobacco, with oligopoly control by a few large companies.

    Social equity is another challenge facing recreational legalization that was not a major factor in medical. In short, social equity is about ensuring members of marginalized communities that were previously targets of the War on Drugs somehow benefit from the cannabis industry now that it is legal. While the issue was central to recreational legalization debates in neighboring New York and New Jersey, there’s been little public discussion of this particular facet of Pennsylvania’s proposed legalization plans.

    While a middling adopter of medical cannabis, Pennsylvania’s program also had important innovations in research and social equity that influenced legislators in other states. Whatever happens in the commonwealth around recreational cannabis may well do so again, especially as fewer states have the option of adopting recreational cannabis via the ballot.

    Finding a legislative solution to these thorny issues in a divided government could thus push legalization forward. Or the recent winds against legalization could stall the effort in Pennsylvania, at least for now.

    Read more of our stories about Philadelphia and Pennsylvania.

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

    – ref. As Pennsylvania inches toward legalizing recreational cannabis, lawmakers propose selling it in state-owned dispensaries similar to state liquor stores – https://theconversation.com/as-pennsylvania-inches-toward-legalizing-recreational-cannabis-lawmakers-propose-selling-it-in-state-owned-dispensaries-similar-to-state-liquor-stores-250368

    MIL OSI – Global Reports –

  • MIL-OSI Global: 3 ways Trump is acting like a king and bypassing the Constitution’s checks and balances on presidential authority

    Source: The Conversation – USA – By David Lopez, University Professor of Law, Rutgers University – Newark

    Donald Trump’s efforts to expand presidential power defy the Constitutional separation of powers. zimmytws/iStock via Getty Images

    I learned basic civics in my public school. But mostly, because it was more interesting, I also learned civics after school watching the animated series “Schoolhouse Rock,” often with my abuela – my grandmother – who took care of me.

    Back then, “Schoolhouse Rock” had a wonderful episode, “Three Ring Government.” In singing narration, the characters explained “about the government, and how it’s arranged, divided in three, like a three-ring circus.”

    Those three circles, all the same size, kept each other honest. For many in my generation, those three rings were our introduction to the idea of the checks and balances built into the U.S. government. They include the separation of powers among the legislative, judicial and executive branches.

    In short, we learned, Congress passes the laws, the president administers the laws, and the courts interpret the laws.

    This elegant but simple system stood in contrast to the nearly unshackled power of the British king, who ruled over the American colonies before independence. And it provided representation for “We the People,” because we vote for members of Congress.

    During its first month, the second Trump administration has pushed a new balance of these powers, granting the president expansive and far-reaching authority. These actions imperil the power of elected lawmakers in the House and Senate to pass legislation, oversee the federal government and exercise spending authority.

    Most U.S. legal scholars regarded these issues as fairly settled. Trump’s recent actions, however, have unsettled this understanding.

    Here are three examples of how the balance of power is being upset by Trump and his administration:

    The explanation of the separation of powers in the U.S. government in “Schoolhouse Rock.”

    Independent agencies

    On Jan. 28, 2025, President Donald Trump fired Gwynne Wilcox, a Democratic member of the National Labor Relations Board, three years before the end of her five-year term.

    The National Labor Relations Board, or NLRB, established in New Deal legislation in 1935, was designed to ensure industrial peace by protecting the rights of workers to organize and bargain collectively. Congress created the board as a bipartisan body to resolve allegations of unfair labor practices brought by workers or management.

    By design, the board operated independently from Cabinet-level departments. Congress sought to preserve this independence by ensuring that board members serve a fixed term and could be removed only for “neglect of duty or malfeasance in office, but for no other cause.”

    This independent structure – shared by other agencies such as the Securities Exchange Commission, the Federal Trade Commission and the Equal Employment Opportunity Commission – aims to provide regulatory consistency, slightly removed from the political passions of the day.

    Some legal scholars have been percolating an argument that the Constitution requires the Supreme Court to limit those agencies’ Congressionally endowed independence in favor of more expansive presidential authority, even though the court decided this issue unanimously in 1935.

    Wilcox is suing the administration for its apparent violation of Congress’ statutory language by firing her.

    “Ms. Wilcox is the first Black woman to serve on the Board, the first Black woman to serve as its Chair, and – if the President’s action is allowed to stand – will also be the first member to be removed from office since the Board’s inception in 1935,” the lawsuit states.

    If this case makes it to the Supreme Court, and the court takes the unusual step of reversing itself, its ruling would imperil the independent structure, not just of this agency but of other agencies too.

    Asylum laws

    Congress created a comprehensive system of laws for processing the asylum claims of people who say they are fleeing persecution or torture to seek protection in the U.S.

    These laws allow applicants to show likelihood of harm if they could not stay in the U.S. They were originally adopted in response to humanitarian crises, including when Jews fleeing Nazi Germany were turned away by the U.S., among other countries.

    As part of Trump’s declaration, on his first day in back in office, that immigration is both a “national immigration emergency” and an “invasion” under Article IV, Section 4 of the Constitution, the president essentially shut down the asylum process at U.S. ports of entry. His proclamation canceled the appointments of those who had waited to pursue their claim under existing asylum procedures.

    In doing so, Trump ignored critical portions of laws passed by Congress. This move places asylum seekers already in the U.S. in danger of being deported to the countries where they say they face life-threatening persecution or torture.

    Congressional spending authority

    Protesters near the White House oppose President Donald Trump’s freeze on federal grants and loans on Jan. 28, 2025.
    Anna Moneymaker/Getty Images

    Under the Constitution, Congress has the power to set spending amounts and priorities for the federal government. By law, the executive branch cannot spend what has not been appropriated – meaning approved by Congress – nor can it stop that spending.

    Shortly following the inauguration, however, Trump’s Office of Management and Budget ordered a pause of federal grants and loans to organizations and programs ranging from Head Start to farm subsidies.

    Almost immediately, several states, concerned about the loss of essential federal services, filed a lawsuit to halt the freeze. A federal court in Rhode Island sided with the plaintiffs and temporarily stayed the freeze.

    The judge rejected the Trump administration’s argument that it must “align Federal spending and action with the will of the American people as expressed through Presidential priorities,” calling it “constitutionally flawed.” And he concluded that the president could not act unilaterally under the Constitution.

    “Congress has not given the Executive limitless power to broadly and indefinitely pause all funds that it has expressly directed to specific recipients and purposes,” wrote the judge, John J. McConnell, Jr. “The Executive’s actions violate the separation of powers.”

    “Schoolhouse Rock” taught that one ring must respect the other coequal rings. What has happened under Trump is one ring expanding in size to swallow up much of another ring – that of Congress.

    ‘Kinglike’ powers?

    Several of the Trump administration’s recent actions appear designed to test the legal viability of an expansive, more “kinglike” view of presidential powers.

    Yet for the most part, Congress as an institution has mostly remained silent as the executive branch invades its sphere of authority.

    Instead, the courts have served as a check on his power by stalling, temporarily, more than a dozen of Trump’s presidential actions that surpass the executive powers permitted under various laws and the Constitution.

    Most of these stays are only temporary. They were issued based on the recognition that the immediate harm of unlawful presidential overreach would be difficult to roll back.

    In the end, the Supreme Court will likely decide the scope of presidential powers in the various contexts. If they rule in Trump’s favor, the U.S. government will become a one-ring circus run by a kinglike president – precisely what it was never meant to be.

    Gwynne Wilcox is a Rutgers Law grad and has spoken to our class.

    – ref. 3 ways Trump is acting like a king and bypassing the Constitution’s checks and balances on presidential authority – https://theconversation.com/3-ways-trump-is-acting-like-a-king-and-bypassing-the-constitutions-checks-and-balances-on-presidential-authority-249347

    MIL OSI – Global Reports –

  • MIL-OSI Global: The murder rate in Venezuela has fallen − but both Trump and Maduro are wrong about why

    Source: The Conversation – USA – By Rebecca Hanson, Assistant Professor of Latin American Studies, Sociology and Criminology, University of Florida

    Members of government-backed militias take part in a march in Caracas, Venezuela, on Jan. 7, 2025. AP Photo/Matias Delacroix

    The body of former Venezuelan army officer Ronald Ojeda was found on Feb. 19, 2024, in a suitcase buried under 5 feet of concrete. Ojeda, accused by Venezuela of plotting against the government, had gone missing nine days earlier, when men dressed as police broke into his apartment in the Chilean capital of Santiago and dragged him away.

    Following a yearlong investigation, authorities in Chile have now pointed the finger at the Venezuelan gang Tren de Aragua, claiming members carried out the assassination at the behest of that country’s president, Nicolás Maduro.

    It comes as the relationship between Maduro’s government and criminal gangs is under increased scrutiny, both among regional governments in Latin America and in the United States.

    Conservative media outlets in the U.S. and right-leaning groups such as the Heritage Foundation have accused Maduro of sending gang members into the U.S. to destabilize the country.

    President Donald Trump has even suggested that Maduro successfully reduced crime by exporting gang members to the U.S. “Crime is down in Venezuela by 67% because they’re taking their gangs and their criminals and depositing them very nicely into the United States,” he told supporters in April 2024.

    According to data from the Venezuelan Ministry of Health, shared with me by scholar of Venezuelan politics Dorothy Kronick, homicide rates have indeed come down in recent years. And this trend is confirmed by the Venezuelan Observatory of Violence.

    The fall in homicide rates has coincided with Maduro successfully consolidating his authoritarian rule in Venezuela. And explanations of the drop in crime tend to imply that it is the result of the government co-opting and controlling gangs. Some observers have even referred to Venezuela as a “narcostate,” suggesting that drug trafficking in the country is an organized venture between top officials and criminal groups.

    I have studied crime, violence and policing in Venezuela since 2011 and know that this narrative is at best oversimplistic, at worst outright mistruth. As I explore in my new book, “Policing the Revolution: The Transformation of Coercive Power and Venezuela’s Security Landscape During Chavismo,” the case of Venezuela is not one of government control over criminal groups. Rather, it is characterized by an unstable and volatile relationship between the government and multiple competing armed actors, including gangs and the police.

    Violent, but becoming less so

    Falling homicide rates should not mask the fact that Venezuela is still plagued by violence. Since the mid-2000s it has been ranked as one of the most violent countries in the world.

    Former President Hugo Chávez was never able to get a handle on crime, particularly violent crime, which increased exponentially under his government. The trend continued during Maduro’s first years in office after Chávez’s death in 2013.

    However, all available evidence suggests that Venezuela’s homicide rate has declined since reaching a peak in 2016 – by around 42%.

    But there’s no evidence this is because the government is “offshoring” criminals.

    Maduro’s own explanation for this decline portrays the government as handily controlling criminals by means of incredibly lethal police raids carried out between 2015 and 2019. In short, Maduro claims that the police have effectively “wiped out” criminal groups.

    Competing police forces …

    But rather than “wiping out” criminal organizations, the Maduro government has instead maintained volatile relationships with many armed groups, including gangs, nonstate paramilitary groups and even the country’s own police forces.

    These relationships have produced significant conflict and dysfunction within state institutions. This is clear when looking at institutions presumed to be synonymous with state control, such as the police.

    Chávez’s and Maduro’s governments put more police and soldiers in the streets. They created security institutions, such as the Policía Nacional Bolivariana, or Bolivarian National Police.

    However, rapid growth of the security apparatus, amid competing approaches, has generated more conflict than coordination.

    Police officers and police reformers I interviewed referred to state security policies and the changes they produced as akin to Frankenstein’s monster – an aberration rapidly outpacing the creator’s ability to control it.

    What they mean is the government had created new security institutions so quickly that it is unable to supervise and control them. As one former police officer and Chavista politician told me: “Our challenge now is how to manage the monster we created.”

    Members of the National Guard take part in an anti-gang security operation in Caracas on July 13, 2015.
    Federico Parra/AFP via Getty Images

    State policies have also generated significant distrust between the police and the government, and among different police forces.

    This distrust has even resulted in police forces coming to blows with each other in the streets on multiple occasions. On Feb. 19, 2020, a section of the Prados del Este highway in Caracas was shut down as officers from Venezuela’s National Police and the country’s investigative police brandished weapons, shoving, punching and wrestling each other to the ground.

    … cooperating gangs

    It is, as such, highly unlikely that falling homicide rates are the result of policing. Indeed, I interviewed over 200 police officers while conducting research for my book, and most believed that the government’s policing initiatives contributed to crime and violence rather than reducing it.

    A more plausible explanation for falling homicide figures is that Maduro’s policies have resulted in more consolidated relationships between criminal groups themselves.

    Maduro’s government has built relationships with gangs, but this doesn’t necessarily imply control over them. Since 2013 the government has negotiated pacts with some of the country’s largest gangs, including a gang confederation led by the infamous El Koki in Caracas and the Belén gang in the state of Miranda.

    The government agreed to tolerate illicit activities within certain areas and prohibit police from entering gang territory. In exchange, gangs agreed to reduce killings and other highly visible crimes such as kidnapping. As my book and previous research with Verónica Zubillaga, Francisco Sánchez and Leonard Gómez shows, these pacts allowed gangs to consolidate control over territory and illicit markets.

    Gangs also negotiated agreements among themselves in case the government pacts fell through. For example, they agreed to divide territory and markets to avoid future conflict and share resources such as weapons and ammunition. This produced less conflict between gangs and less disruption in illicit markets, resulting in fewer homicides.

    When pacts have ruptured in the past, the spectacularly violent confrontations that ensued between gangs and the police have shown gangs’ capacity to resist government intervention. Still, the overall effect of pacts and gang consolidation has been a reduction in homicides.

    As one neighbor living in gang territory put it: “Before, gangs confronted each other; they killed each other. Now they don’t. Now they are growing.”

    ‘Mother of all infuriations’

    Relationships between the government and various nonstate armed groups, including gangs, have generated enormous discontent within police forces.

    As one police officer explained in an interview, these pacts represented the “mother of all infuriations.” For many officers, the goverment’s pacts with other armed groups is tantamount to its sponsorship of criminal activities.

    And this discontent has produced sporadic violent confrontations. Even when government-gang pacts are in place, the government has been unable to keep police forces from entering gang territory and engaging in deadly shootouts.

    Certainly from the outside, it may look like Maduro’s government has co-opted gangs for political purposes. And with the U.S. government adding Tren de Aragua to its list of global terrorist groups, that could put Venezuela in danger of being labeled a “state sponsor of terrorism.”

    However, the Ojeda case in Chile should not be taken as evidence that stable and strong ties exist between Maduro’s government and criminal groups – at least not yet.

    Instead, authoritarian survival in Venezuela for now seems to depend on volatile relationships between multiple and competing armed groups that collaborate temporarily with the government when their diverse interests overlap.

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

    – ref. The murder rate in Venezuela has fallen − but both Trump and Maduro are wrong about why – https://theconversation.com/the-murder-rate-in-venezuela-has-fallen-but-both-trump-and-maduro-are-wrong-about-why-249230

    MIL OSI – Global Reports –

  • MIL-OSI Global: How Elon Musk’s deep ties to – and admiration for – China could complicate Trump’s Beijing policy

    Source: The Conversation – USA – By Linggong Kong, Ph.D. Student, Auburn University

    Elon Musk holds an outsized influence in the new Trump administration.

    As head of his Department of Government Efficiency, or DOGE, the world’s wealthiest man has enjoyed nearly unfettered political power in slashing and refashioning the federal government as he sees fit. And it has quickly become clear that he has the president’s ear on issues beyond that brief.

    But on one topic, Musk stands somewhat apart from others in the coterie of aides and advisers around Trump: China. In contrast to the many hawks in the new Trump cabinet who call for a hard-line approach on China, Musk is a striking outlier.

    As an expert on China-U.S. relations who has monitored Musk’s views on China, I don’t find his long history of espousing pro-Chinese sentiment surprising, given that he has sought throughout to get a business hold in the country.

    But those entanglements are worth scrutiny, given Musk’s role in the Trump administration at a time when one of America’s biggest foreign policy challenges is how to manage its relationship with Beijing.

    Musk’s journey to the East

    For years, Musk has had significant business interests in China, with Tesla’s Shanghai factory, Tesla Giga Shanghai, playing a crucial role in the company’s global operations.

    Since its opening in 2019, the Shanghai plant has surpassed Tesla’s Fremont, California, facility in both size and productivity, now accounting for more than half of the company’s global deliveries and a majority of its profits. Moreover, nearly 40% of Tesla’s battery supply chain relies on Chinese companies, and these partnerships continue to expand.

    Elon Musk walks with Shanghai Mayor Ying Yong during the groundbreaking ceremony for a Tesla factory in Shanghai on Jan. 7, 2019.
    STR/AFP via Getty Images

    Notably, Tesla was the first foreign automaker permitted to establish operations in China without a local partner, following a change in ownership regulations. The Shanghai factory was constructed with the support of US$1.4 billion in loans from Chinese state-owned banks, granted at favorable interest rates.

    Between 2019 and 2023, the Shanghai government also provided Tesla with a reduced corporate tax rate of 15% – 10 percentage points lower than the standard rate.

    The cost advantages of manufacturing in Shanghai, which include lower production and labor expenses, have further cemented Tesla’s reliance on the Chinese market.

    Given that Musk’s wealth is largely tied to Tesla stock, his financial standing is increasingly dependent on the company’s fortunes in China, making any potential disengagement from the country both economically and strategically challenging.

    Tesla’s continued investment in China underscores this dependency. On Feb. 11, 2025, the company opened its second factory in Shanghai — a $200 million plant that is set to produce 10,000 megapack batteries annually. It’s the company’s first megapack battery factory outside the U.S..

    This investment deepens Tesla’s presence in China amid a new wave of U.S.-China trade tensions. On Feb. 1, the Trump administration imposed a 10% tariff on Chinese imports, prompting Beijing’s retaliation with tariffs on American coal, liquefied natural gas, agricultural equipment and crude oil.

    A Chinese fan

    It remains unclear to what extent Musk’s financial interests in China will translate to real influence over the Trump administration’s policy toward Beijing. But Musk’s long history of pro-China remarks suggests the direction he wants the administration to move.

    During his visit to Beijing in April 2024, Musk praised the country, noting also: “I also have a lot of fans in China – well, the feeling is mutual.”

    His admiration appears to hinge in part on how he views business and labor practices in China. In that vein, Musk has criticized American workers as lazy and has faced U.S. labor law disputes, while simultaneously praising Chinese workers for “burning the 3 a.m. oil” under an intensely repressive labor system.

    In numerous posts on the social media platform X, formerly Twitter, which he owns, Musk has also praised China’s infrastructure and high-speed rail system, lauded its space program, applauded its leadership in global green energy initiatives and urged his followers to visit the country.

    Musk has also opposed U.S. efforts to decouple from China, describing the countries’ economies as “conjoined twins,” despite a sizable part of the foreign policy establishment in the West viewing decreased dependency on China as necessary for security interests amid rising geopolitical tensions.

    On the issue of Taiwan, the most dangerous flashpoint in U.S.-China relations, Musk has compared Taiwan to Hawaii, arguing that it is an integral part of China and noting that the U.S. Pacific Fleet has prevented mainland China from achieving reunification by force.

    Musk further suggested that the Taiwan dispute could be resolved by allowing China to establish Taiwan as a special administrative zone, similar to Hong Kong.

    His remarks were shared and welcomed by China’s then-ambassador to the U.S., who, in a post on X, emphasized China’s so-called peaceful unification strategy and advocated for the “one country, two systems” model.

    Trump’s back-channel envoy?

    The big question going forward is how Musk’s financial stakes in, and stated admiration for, China will translate into attempts to influence the U.S. administration’s China policy, particularly given Musk’s unconventional advisory role and the strong faction of anti-China hawks in Trumpworld.

    Given Musk’s approach to China, it’s hard to see him not trying to use his influence with the president to push for somewhat warmer relations with Beijing.

    If such counsel were heeded, it’s easy to envision Musk leveraging his deep ties to China, particularly his close personal relationship with China’s current second-ranking official, Premier Li Qiang, who was the Shanghai party chief when Tesla’s factory was built. In the scenario, Donald Trump could tap Musk as a back channel for diplomacy to ease U.S.-China tensions and facilitate bilateral cooperation when needed.

    To this point, it was, perhaps, telling that it was Musk who met with China President Xi Jinping’s envoy to Trump’s inauguration, Vice President Han Zheng, on the eve of the event.

    But it’s far from certain that Trump wants that diplomatic role for Musk, or that other voices won’t win out with regard to Beijing. In his first term, Trump launched an unprecedented trade war and tech blockade against China, fundamentally reshaping U.S.-China relations and pushing the U.S. toward something of a bipartisan consensus to counter Beijing that has existed for several years.

    Trump’s tariff moves and second-term picks for top trade and commerce roles, like Peter Navarro and Jamieson Greer — who played key roles in the trade war against China during the president’s first term — suggest that Trump’s commitment to further decoupling from China remains strong.

    Furthermore, Musk’s business interests and personal wealth tied to China could leave him vulnerable to Chinese influence. By leaning on Musk’s close ties with Trump, China could use his dependence on the Chinese market as a bargaining chip to pressure Trump into making concessions on issues of major strategic importance to Beijing.

    China has a history of coercing foreign companies reliant on its market into making compromises on matters concerning its national interests. For instance, Apple removed virtual private network apps from its app store in China at the government’s request. Similarly, Tesla could face comparable pressure in the future if Beijing wants to use Musk as a cudgel to influence policy in the Trump administration. Notably, as the head of DOGE, with access to sensitive data from multiple agencies, Musk could find himself caught between U.S. security scrutiny and China’s strategic targeting.

    So long as Musk retains the influence with Trump that he holds now, it’s conceivable that his pro-China sentiments will translate into attempts to influence government policy. Yet even if this is to be the case, whether those efforts succeed will depend on the president and his other advisers, many of whom are seeking an aggressive front against Beijing and are likely to view Musk as an impediment rather than ally in that fight to come.

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

    – ref. How Elon Musk’s deep ties to – and admiration for – China could complicate Trump’s Beijing policy – https://theconversation.com/how-elon-musks-deep-ties-to-and-admiration-for-china-could-complicate-trumps-beijing-policy-249988

    MIL OSI – Global Reports –

  • MIL-OSI China: China’s draft law prohibits arbitrary fines on private enterprises

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

    BEIJING, Feb. 24 — Chinese lawmakers on Monday began deliberations on the draft private economy promotion law, which adds new provisions prohibiting arbitrary fees and fines on private enterprises.

    The draft law was submitted on Monday to an ongoing session of the Standing Committee of the National People’s Congress, China’s top legislature, for a second reading. The first reading took place in December 2024.

    The draft bans the forced collection of funds or material donations from private enterprises and specifies that multiple inspection items of the same inspection target should be consolidated whenever possible or included within the scope of cross-departmental joint inspections.

    The second draft also includes provisions requiring the State Council and local people’s governments at or above the county level to regularly report to the standing committees of the people’s congresses of their corresponding level on the promotion of the private economy.

    It also requires relevant industry associations and chambers of commerce to fulfill their coordinating and self-regulatory roles in accordance with laws, regulations, and their charters. They are expected to promptly reflect industry demands and provide services in areas such as information consulting, training, market expansion, rights protection, and dispute resolution for private companies and entrepreneurs, per the draft.

    MIL OSI China News –

  • MIL-OSI United Kingdom: OSCE Reinforced Permanent Council, February 2025: UK statement

    Source: United Kingdom – Executive Government & Departments

    Speech

    OSCE Reinforced Permanent Council, February 2025: UK statement

    UK Foreign Secretary, David Lammy, addresses a Reinforced meeting of the OSCE Permanent Council on the third anniversary of Russia’s full-scale invasion and underlines continued UK support for Ukraine.

    Three years ago, when Putin unleashed his full-scale invasion of Ukraine in a clear breach of the UN charter, he expected a swift victory.  What he got instead was a catastrophic failure.

    Putin’s imperial ambitions have killed and injured close to a million in his own forces and driven its economy into the ground.  The rouble is plummeting, inflation is soaring, and the deficit at record levels.  All for a war that he thought would be over in three days.

    The extent of death, destruction, and suffering caused by one man’s selfish ambition is staggering.  Tens of thousands of Ukrainians have been killed and millions more injured, displaced, and in need of urgent help as civilians are relentlessly attacked.

    Repeated findings of the Moscow Mechanism and other independent reports document Russian atrocities.  There are increasing reports of Russian forces deporting children and using rape, torture and execution as weapons of war.  The OSCE is playing a crucial role in securing justice for survivors and victims. 

    Yet, in the face of this brutality, Ukrainians continue to defend their homeland with extraordinary courage and ingenuity.  This proves that, with the right support, they can defy Putin’s barbarism.

    The UK has been at the forefront of this effort from day one.  Our military support worth £3 billion a year is putting Ukraine in the strongest possible position.  And our new 100 Year Partnership cements our unwavering commitment for generations to come.

    Make no mistake, Putin’s invasion violates laws and principles which underpin Euro-Atlantic security – including the Helsinki Final Act.

    Laws which Russia itself signed up to, and we cannot allow such aggression to succeed.

    The days ahead will determine the future security of our continent.  This is the moment for all of us to step up.  Because it is the right thing to do for the values we hold dear and because it is fundamental to European security.

    That’s why the UK will stand with Ukraine—today, tomorrow, and for generations to come.

    Updates to this page

    Published 24 February 2025

    Invasion of Ukraine

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: City of Wolverhampton Council leading in development of new ways of working in children’s social care

    Source: City of Wolverhampton

    Wolverhampton, one of 3 local authorities chosen to take part in the first phase of the Pathfinder, has worked to deliver support to families based on 3 principles:

    • Delivering family help through local multi disciplinary teams working with partners to provide welcoming and effective support, tailored to the needs of children and families
    • Where child protection is necessary, it is carried out by social workers with greater expertise and experience, and time to dedicate to the family and child
    • Greater use of family networks involving the wider family in decision making and with them being the first port of call if a child has to leave the family home. There is enhanced engagement with extended family members and friends to build long term resilience, with a genuine focus on family led planning

    Other key objectives of the work being undertaken include ensuring that families are helped at the earliest opportunity so that they can remain together safely so that an escalation of need is prevented and reducing the need for statutory child protection involvement. Where this cannot happen, there will be increased kinship care arrangements to keep children with close family or friends.

    Where a child protection response is required, family will be supported by an independent advocate, leading to a better understanding of what is happening. The lead worker remains involved with a family throughout their journey, so that there is consistency for families and an emphasis on building trusted relationships.

    Seven more councils joined the Pathfinder in the second phase last year, and funding for the programme has now been extended for a further 12 months.

    Councillor Jacqui Coogan, Cabinet Member for Children, Young People and Education, said: “One of our top priorities as a council is to ensure our children and young people get the best possible start in life and so we are very pleased to be a part of this important piece of work.

    “The FFCP programme aims to help children and families facing challenges by giving them the right help at the right time, by ensuring early support, family help and intervention is available to help them overcome adversity and stay together where possible.

    “We are sharing our learning through regular meetings with the Department for Education and policy leads from cross government departments, as well as presenting at national public learning events and conferences.

    “The Government’s new Children Wellbeing and Schools Bill, which began its journey through Parliament in December, shows a clear commitment to rolling out social care reform nationally, and findings from the Pathfinder will be used to help shape these reforms.

    “This means that, thanks to our involvement with the Pathfinder, we – and the children and families we support – will be able to directly influence the national rollout of reforms to children’s social care.”

    Last Autumn, Minister for Children and Families, Janet Daby, visited Graiseley Family Hub, one of 9 family hubs across the city, to meet staff, children and families and see first hand how the council had successful embedded the Pathfinder.

    Alison Hinds, the council’s Director of Children’s Services, said: “The visit was a fantastic opportunity to showcase the collaboration between ourselves and the wider partnership, as well as demonstrating how well we’ve managed to achieve frontline support for families.

    “Families tell their story once – we work restoratively with families to discuss what support they need and work with them to create a family plan – families own their plan. Family help support is integrated in our Family Hubs across the city, providing a holistic offer of support in a non stigmatising environment which helps to build solid relationships.”

    The positive impact of the Pathfinder was also highlighted by inspectors from Ofsted who carried out a week long focused inspection of Children’s Social Care Services in October. They found that managers are supported by clear systems and processes, collaborating with practitioners to ensure that informed and timely decisions are made for children and families, with interventions appropriately escalated and de-escalated in a timely way.

    Inspectors also reported ‘strong relationships across the council and with safeguarding partners’ and a collaborative and co-ordinated approach to working with children and families’ which ensure that most children access ‘the right services at the right time’.

    We will continue to monitor the impact of the reforms locally, with a clear focus on getting direct feedback from families.

    MIL OSI United Kingdom –

  • MIL-OSI: Foresight Ventures Commits $25 Million to Incubate Innovation on BNB Chain

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 24, 2025 (GLOBE NEWSWIRE) —

    Foresight Ventures, a leading global crypto-focused venture capital firm, has announced its commitment of up to $25 million to support live projects on the BNB Chain throughout 2025 as part of the BNB Incubation Alliance (“BIA”). This collaboration underscores Foresight Ventures’ dedication to fostering innovation and empowering early-stage blockchain initiatives.

    As an alliance member of BIA, Foresight Ventures will have the opportunity to invest in standout projects, identifying high-potential ventures early in their development. The BNB Incubation Alliance, launched by BNB Chain and YZi Labs (formerly Binance Labs), serves as a dynamic accelerator for early-stage Web3 projects. Through an interconnected ecosystem of resources, mentorship, and strategic partnerships, BIA is poised to redefine how emerging blockchain ventures achieve sustainable growth and impactful deployment.

    BIA features a comprehensive support framework that includes access to the Most Valuable Builder (MVB) program, potential YZi Labs funding opportunities, and BNB Chain grants. Selected projects will also benefit from the innovative Launch-as-a-Service (LaaS) package, streamlining their development journey within the BNB ecosystem. By creating this pipeline of tools and resources, BIA is positioned to catalyze the next wave of industry-leading Web3 projects.

    Forest Bai, Co-Founder of Foresight Ventures, commented:
    “Our commitment to supporting projects in the BNB Incubation Alliance reflects our enduring mission to support visionary entrepreneurs and emerging blockchain projects. By backing projects within BIA, we aim to bridge promising ideas with the essential resources and networks they need to thrive. This collaboration reinforces our belief in the transformative power of blockchain technology and our responsibility to foster its adoption globally.”

    The BNB Chain Core Development Team expressed: “The BNB Chain ecosystem continuously works to catalyze projects’ success through initiatives like BIA from ideation to maturity and ecosystem incentives, empowering builders to succeed and thrive.”

    The BNB Incubation Alliance will conduct a series of global events designed to showcase early-stage projects and connect them with industry leaders, investors, and experts. These events will spotlight ventures in incubation, offering unparalleled opportunities for collaboration and knowledge exchange. The criteria for project selection prioritize innovation, scalability, and a strong alignment with the ecosystem’s objectives.

    As a pioneer in bridging East and West within the crypto sector, Foresight Ventures brings unparalleled insights and a robust network to the alliance. Its commitment reflects a desire to catalyze blockchain innovation across borders.

    About Foresight Ventures

    Foresight Ventures is the first and only crypto VC bridging East and West. With a research-driven approach and offices in the US and Singapore, they are a powerhouse in crypto investment and incubation. Their premier media network includes The Block, Foresight News, BlockTempo, and Coinness. They invest in bold innovations and are committed to reshaping the future of digital finance by supporting visionary founders and groundbreaking projects.
    For more information, users can visit: Website | Twitter | LinkedIn
    For media inquiries, users may contact: media@foresightventures.com

    Contact

    PR team
    media@foresightventures.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a82f5c1a-54f8-49dc-9925-29ba71f9d9df

    The MIL Network –

  • MIL-OSI Video: “Africa is the next frontier of global growth” #Davos2025 #WorldEconomicForum #CyrilRamaphosa

    Source: World Economic Forum (video statements)

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/
    X ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=05L_QX7pZeI

    MIL OSI Video –

  • MIL-OSI Global: Why religion is fundamental to addressing climate change

    Source: The Conversation – UK – By Hanane Benadi, Research Officer, Religion and Global Society, London School of Economics and Political Science

    “There is no time for imagination, religious or otherwise. We need to act now!” an irritated scientist told me during a workshop on climate change and religion in 2024. Contrary to the tone of his comment, this scientist was not dismissing religion as being marginal to tackling climate change, but his underlying assumption rang clear: religion, while undoubtedly a necessary part of the solution, is only useful if it works alongside rational science.

    Research by me and my colleagues suggests that framing religion and science as totally separate entities is unhelpful in advancing a global response to climate change.

    In 2022 and 2023, I spent four months conducting fieldwork in Egypt, living and interacting with Muslim and Christian communities in Cairo and Alexandria. As a salient reminder of the ongoing climate crisis, my research took place over the summer, when temperatures reached more than 45°C.

    These heatwaves were a part of everyday discussions, but I didn’t hear only scientific jargon used to refer to these phenomena. Often, religion was the language used to make sense of the heat.

    As an Anglican priest in Alexandria told me, members of his congregation understood these heatwaves as manifestations of climate change, but at the same time asked him: “What is God is trying to tell us? Is this a sign of his anger? What should we do?” In other words, while scientific knowledge was used to explain the extreme heat, religion gave it meaning.

    Building a global response to the climate crisis requires us to learn about the many ways people make sense of climate change and learn to live with its consequences. And for most of the world’s population, a purely scientific framing is unhelpful.

    Science v religion?

    The long-perceived tension between religion and science seems to be reappearing today as we confront climate change. The scientist’s reaction to my work is one example of this, which left me wondering: what role is religion playing in tackling climate change globally? And how often is it framed as a field outside of science?

    Unfortunately, the approach adopted on the global climate stage seems to perpetuate a hierarchy of knowledge that implies that science trumps social and cultural influences such as religion and ethics. It is telling that the UN’s Intergovernmental Panel on Climate Change, the preeminent global body on climate policy, still relies heavily on hard science in presenting its findings, despite efforts in its latest reports to highlight the role of social sciences and humanities, including religion, can play.

    With my team from the LSE Religion and Global Society research unit, I ran a climate change and religion workshop in Cairo with Muslim and Christian female and male faith leaders. Many of the 30 participants explained they felt frustrated that the climate science lens dominates.

    One member of a faith-based organisation told me during an interview after the workshop that: “We are often approached by western organisations and research institutions to collaborate. However, when we ask about the nature of these collaborations, it is often reduced to our logo and a couple of statements that tell people that they should care about climate change.”

    Rather than taking religion seriously on its own terms, climate science often shapes what kind of role religion should play in communicating climate change. This is a problem.

    Science meets religion

    Our current work with female scientists in Egypt is teaching us that in many non-western countries, such as Egypt, the religious and the scientific cannot be as easily untangled as some might like to think.

    I asked an Egyptian scientist who has been working on water management for the last 30 years how she sees the future of water in her country. She began her response with a verse from the Quran before turning to a scientific explanation of what that entails.

    While much of her work is informed by scientific models of reason that underpin the Egyptian state’s nationalist development projects, she can hold together scientific and religious ethical modes of reasoning. Bringing an understanding of this overlap to international climate policy is critical for creating global solidarity around this issue.

    Fortunately, things are changing. Through initiatives such as the UN Environment Programme’s Faith for Earth Coalition and the faith pavilion at recent UN climate summits, religious groups are becoming more prevalent and active on the global climate stage.

    But efforts to seek collaborations between scientists and faith communities are not good enough. We need to resist the urge to see religion as a mere vehicle for convincing most of the global population for whom religion gives meaning to life. The only way we can do that is for scientists and faith leaders to start laying the groundwork for new ways of thinking together.

    As Russian author Leo Tolstoy once wrote, “Science is meaningless because it has no answer to the only questions that matter to us: ‘What should we do and how shall we live?‘” The climate crisis demands new ways of thinking, new ways of perceiving reality, and religion is fundamental to achieving that.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.

    Hanane Benadi receives funding from British Academy.

    Hanane Benadi is a Research Officer at the London School of Economics

    – ref. Why religion is fundamental to addressing climate change – https://theconversation.com/why-religion-is-fundamental-to-addressing-climate-change-248074

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: New red route to be introduced on busy city road

    Source: City of Leicester

    WORK to prepare the busy A6 in Leicester for new measures to control dangerous and inconsiderate parking will get under way next month.

    Leicester City Council is set to install a ‘red route’ – or ‘no stopping order’ – along the full length of Abbey Lane and St Margaret’s Way to reduce congestion and keep traffic flowing.

    A red route means that where there are double red lines marked on the road, along the kerb line, no stopping is permitted at any time, even to drop off or pick up passengers or deliveries.

    The new measures will help prevent unauthorised and inconsiderate parking, particularly by car transporters, which can be a significant cause of congestion along the route.

    Enforcement of the new red route – which will affect the stretch of road between the inner ring road and Red Hill Circle in both directions – will be carried out by camera car.

    Drivers caught illegally stopping on the red route will face a £70 fine, reduced to £35 if paid within 21 days of the penalty charge notice (PCN) being issued.

    Exemptions will be in place for buses and hackney carriages.

    This will be the second red route introduced in Leicester. The first, on parts of London Road, has been in operation since it was introduced on an experimental basis in summer 2020.

    The Traffic Regulation Order required to introduce the new red route on Abbey Lane and St Margeret’s Way was advertised in summer 2023 and received no objections.

    Cllr Geoff Whittle, assistant city mayor for transport, said: “The introduction of a red route will build on the major investment we have already made in highways improvements on and around Abbey Lane and St Margaret’s Way.

    “The new rules are being introduced, after public consultation, to tackle the problem of cars and lorries stopping illegally along this busy road. It will help cut congestion, keep traffic moving more efficiently and improve this important route in and out of the city for all road users.”

    Work to prepare the route for the new no stopping order will get under way from Monday 3 March and is expected to take around four weeks to complete.

    To help minimise disruption, work to remove the old yellow lines and apply the new red route markings will take place during off-peak hours, between 7.30pm and 11.30pm, when the road is less busy.

    The work will be carried out in phases, with temporary lane restrictions in place.

    However, up to four short road closures will be required on the A6 while work is carried out between Thurcaston Road and at its junctions with Corporation Road and Beaumont Leys Lane. These are programmed to take place on the outbound route on Sunday 9th March and Monday 17th March 2025 and on the inbound route on Monday 10th March and Sunday 23rd March 2025. The road closures will be in place between 7.30pm and 11.30pm and well-signposted diversion will be in place.

    Access to properties will be maintained throughout the works.

    The introduction of the new red route is the latest in a major programme of improvements, maintenance and resurfacing carried out on the A6 St Margarets Way and Abbey over the last 18 months. It’s part of a citywide programme of works – backed by £40 million of government cash through the Transforming Cities Fund – to encourage more people to make the shift to sustainable transport and help ease congestion.

    MIL OSI United Kingdom –

  • MIL-OSI: Apollo to Acquire Bridge Investment Group

    Source: GlobeNewswire (MIL-OSI)

    Scaled Investment Platform Expands Apollo’s Origination Capabilities in Residential and Industrial Real Estate

    Bridge Manages $50 Billion of High-Quality AUM in Complementary Sectors Aligned with Apollo’s Long-Term Growth Strategy

    NEW YORK and SALT LAKE CITY, Feb. 24, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately $1.5 billion.

    Founded in 2009, Bridge is an established leader in residential and industrial real estate as well as other specialized real estate asset classes. Led by an experienced senior leadership team and over 300 dedicated investment professionals with significant real estate investment and operating expertise, Bridge’s forward-integrated model, nationwide operating platform and data-driven approach have fostered organic growth and consistently produced desirable outcomes across asset classes.

    Bridge will provide Apollo with immediate scale to its real estate equity platform and enhance Apollo’s origination capabilities in both real estate equity and credit, which is expected to benefit Apollo’s growing suite of hybrid and real estate product offerings. Bridge manages approximately $50 billion of high-quality AUM in real estate products targeting both institutional and wealth clients and is expected to be highly synergistic with Apollo’s existing real estate equity strategies and leading real estate credit platform. The transaction is expected to be immediately accretive to Apollo’s fee-related earnings upon closing.

    Apollo Partner and Co-Head of Equity David Sambur said, “We are pleased to announce this transaction with Bridge, which is highly aligned with Apollo’s strategic focus on expanding our origination base in areas of our business that are growing but not yet at scale. Led by a respected real estate team including Executive Chairman Bob Morse and CEO Jonathan Slager, Bridge brings a seasoned team with deep expertise and a strong track record in their sectors. Their business will complement and further augment our existing real estate capabilities, and we believe we can help scale Bridge’s products by leveraging the breadth of our integrated platform. We look forward to working with Bob and the talented Bridge team as we seek to achieve the strategic objectives we laid out at our recent Investor Day.”

    Bridge Executive Chairman Bob Morse said, “We are proud to be joining Apollo and its industry-leading team, who share our commitment to performance and excellence. This transaction will allow the Bridge and Apollo teams to grow on the strong foundation that Bridge has built since 2009 as we work to pursue meaningful value and impact for our investors and communities. With Apollo’s global integrated platform, resources, innovation and established expertise, we are confident that Bridge will be positioned for the next phase of growth amid growing demand across the alternative investments space.”

    Transaction Details
    Under the terms of the transaction, Bridge stockholders and Bridge OpCo unitholders will receive, at closing, 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at $11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit, respectively.

    Upon the closing of the transaction, Bridge will operate as a standalone platform within Apollo’s asset management business, retaining its existing brand, management team and dedicated capital formation team. Bob Morse will become an Apollo Partner and lead Apollo’s real estate equity franchise.

    A special committee of independent directors for Bridge (the “Special Committee”), advised by its own independent legal and financial advisors, reviewed, negotiated and unanimously recommended approval of the merger agreement by the Bridge Board of Directors, determining that it was in the best interests of Bridge and its stockholders not affiliated with Bridge management and directors. Acting upon the recommendation of the Special Committee, the Bridge Board of Directors approved the merger agreement. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions for transactions of this nature, including approval by a majority of the Class A common stock and Class B common stock of Bridge, voting together and the receipt of regulatory approvals. Certain members of Bridge management and their affiliates, collectively owning approximately 51.4% of the outstanding voting power of the Class A common stock and Class B common stock of Bridge, have entered into voting agreements in connection with the transaction and have agreed to vote in favor of the transaction in accordance with the terms therein. Subject to and upon completion of the transaction, shares of Bridge common stock will no longer be listed on the New York Stock Exchange and Bridge will become a privately held company.

    Further information regarding terms and conditions contained in the definitive merger agreement will be made available in Bridge’s Current Report on Form 8-K, which will be filed in connection with this transaction.

    Bridge Fourth Quarter and Full-Year 2024 Earnings
    Bridge will no longer be holding its fourth quarter and full-year 2024 earnings conference call and webcast scheduled for February 25, 2025, due to the pending transaction.

    Advisors
    BofA Securities, Citi, Goldman, Sachs & Co. LLC, Morgan Stanley & Co. LLC and Newmark Group are acting as financial advisors, Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel and Sidley Austin LLP is acting as insurance regulatory counsel to Apollo. J.P. Morgan Securities LLC is serving as financial advisor to Bridge and Latham & Watkins LLP is acting as legal counsel. Lazard is serving as financial advisor to the special committee of the Bridge Board of Directors and Cravath, Swaine & Moore LLP is acting as legal counsel.

    Statement Regarding Forward-Looking Information

    This press release contains statements regarding Apollo, Bridge, the proposed transactions and other matters that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, discussions related to the proposed transaction between Apollo and the Company, including statements regarding the benefits of the proposed transaction and the anticipated timing and likelihood of completion of the proposed transaction, and information regarding the businesses of Apollo and the Company, including Apollo’s and the Company’s objectives, plans and strategies for future operations, statements that contain projections of results of operations or of financial condition and all other statements other than statements of historical fact that address activities, events or developments that Apollo and the Company intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management’s beliefs and assumptions made based on information currently available to management. All statements in this communication, other than statements of historical fact, are forward-looking statements that may be identified by the use of the words “outlook,” “indicator,” “may,” “will,” “should,” “expects,” “plans,” “seek,” “anticipates,” “plan,” “forecasts,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions, but not all forward- looking statements include such words. These forward-looking statements are subject to certain risks, uncertainties and assumptions, many of which are beyond the control of Apollo and the Company, that could cause actual results and performance to differ materially from those expressed in such forward-looking statements. Factors and risks that may impact future results and performance include, but are not limited to, those factors and risks described under the section entitled “Risk Factors” in Apollo’s and the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and such reports that are subsequently filed with the Securities and Exchange Commission (the “SEC”).

    The forward-looking statements are subject to certain risks, uncertainties and assumptions, which include, but are not limited to, and in each case as a possible result of the proposed transaction on each of Apollo and the Company: the ultimate outcome of the proposed transaction between Apollo and the Company, including the possibility that the Company’s stockholders will not adopt the merger agreement in respect of the proposed transaction; the effect of the announcement of the proposed transaction; the ability to operate Apollo’s and the Company’s respective businesses, including business disruptions; difficulties in retaining and hiring key personnel and employees; the ability to maintain favorable business relationships with customers and other business partners; the terms and timing of the proposed transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement and the proposed transaction; the anticipated or actual tax treatment of the proposed transaction; the ability to satisfy closing conditions to the completion of the proposed transaction (including the adoption of the merger agreement in respect of the proposed transaction by the Company’s stockholders); other risks related to the completion of the proposed transaction and actions related thereto; the ability of Apollo and the Company to integrate the businesses successfully and to achieve anticipated synergies and value creation from the proposed transaction; global market, political and economic conditions, including in the markets in which Apollo and the Company operate; the ability to secure government regulatory approvals on the terms expected, at all or in a timely manner; the global macro-economic environment, including headwinds caused by inflation, rising interest rates, unfavorable currency exchange rates, and potential recessionary or depressionary conditions; cyber-attacks, information security and data privacy; the impact of public health crises, such as pandemics and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; litigation and regulatory proceedings, including any proceedings that may be instituted against Apollo or the Company related to the proposed transaction; and disruptions of Apollo’s or the Company’s information technology systems.

    These risks, as well as other risks related to the proposed transaction, will be included in the Registration Statement (as defined below) and Joint Proxy Statement/Prospectus (as defined below) that will be filed with the SEC in connection with the proposed transaction. While the list of factors presented here is, and the list of factors to be presented in the Registration Statement and Joint Proxy Statement/Prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Other unknown or unpredictable factors also could have a material adverse effect on Apollo’s and the Company’s business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-looking statements. These forward-looking statements are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Except as required by applicable law or regulation, neither Apollo nor the Company undertakes (and each of Apollo and the Company expressly disclaim) any obligation and do not intend to publicly update or review any of these forward-looking statements, whether as a result of new information, future events or otherwise.

    No Offer or Solicitation

    This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction.

    Additional Information Regarding the Transaction and Where to Find It

    This press release is being made in respect of the proposed transaction between Apollo and the Company. In connection with the proposed transaction, Apollo intends to file with the SEC a registration statement on Form S-4, which will constitute a prospectus of Apollo for the issuance of Apollo common stock (the “Registration Statement”) and which will also include a proxy statement of the Company for the Company stockholder meeting (together with any amendments or supplements thereto, and together with the Registration Statement, the “Joint Proxy Statement/Prospectus”). Each of Apollo and the Company may also file other relevant documents with the SEC regarding the proposed transaction. This document is not a substitute for the Registration Statement or Joint Proxy Statement/Prospectus or any other document that Apollo or the Company may file with the SEC. The definitive Joint Proxy Statement/Prospectus (if and when available) will be mailed to stockholders of the Company.

    INVESTORS ARE URGED TO READ IN THEIR ENTIRETY THE REGISTRATION STATEMENT, THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors will be able to obtain free copies of the Registration Statement and Joint Proxy Statement/Prospectus (if and when available) and other documents containing important information about Apollo, the Company and the proposed transaction, once such documents are filed with the SEC through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with, or furnished to, the SEC by Apollo will be available free of charge by accessing the Investor Relations section of Apollo’s website at https://ir.apollo.com. Copies of the documents filed with, or furnished to, the SEC by the Company will be available free of charge by accessing the Investor Relations section of the Company’s website at https://www.bridgeig.com. The information included on, or accessible through, Apollo’s or the Company’s website is not incorporated by reference into this communication.

    Participants in the Solicitation

    Apollo, the Company, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company’s stockholders in respect of the proposed transaction. Information about the directors and executive officers of Apollo, including a description of their direct or indirect interests, by security holdings or otherwise, is contained in its Proxy Statement on Schedule 14A, dated April 26, 2024 (the “Apollo Annual Meeting Proxy Statement”), which is filed with the SEC. Any changes in the holdings of Apollo’s securities by Apollo’s directors or executive officers from the amounts described in the Apollo Annual Meeting Proxy Statement have been or will be reflected in Initial Statements of Beneficial Ownership of Securities on Form 3 (“Form 3”), Statements of Changes in Beneficial Ownership on Form 4 (“Form 4”) or Annual Statements of Changes in Beneficial Ownership of Securities on Form 5 (“Form 5”) subsequently filed with the SEC and available at the SEC’s website at www.sec.gov. Information about the directors and executive officers of the Company, including a description of their direct or indirect interests, by security holdings or otherwise, is contained in its Proxy Statement on Schedule 14A, dated March 21, 2024 (the “Company Annual Meeting Proxy Statement”), which is filed with the SEC. Any changes in the holdings of the Company’s securities by the Company’s directors or executive officers from the amounts described in the Company Annual Meeting Proxy Statement have been or will be reflected on Forms 3, Forms 4 or Forms 5, subsequently filed with the SEC and available at the SEC’s website at www.sec.gov. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Registration Statement and the Joint Proxy Statement/Prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Investors should read the Registration Statement and the Joint Proxy Statement/Prospectus carefully when available before making any voting or investment decisions.

    About Apollo
    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

    About Bridge Investment Group
    Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $50 billion of assets under management as of December 31, 2024. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select verticals across real estate, credit, renewable energy and secondaries strategies.

    Contacts

    For Apollo:

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    212-822-0540
    ir@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    212-822-0491
    communications@apollo.com

    For Bridge:

    Shareholder Relations:
    Bonni Rosen Salisbury
    Bridge Investment Group Holdings Inc.
    shareholderrelations@bridgeig.com

    Media:
    Charlotte Morse
    Bridge Investment Group Holdings Inc.
    (877) 866-4540
    charlotte.morse@bridgeig.com

    H/Advisors Abernathy
    Eric Bonach / Dan Scorpio
    (917) 710-7973 / (646) 899-8118
    eric.bonach@h-advisors.global / dan.scorpio@h-advisors.global

    The MIL Network –

  • MIL-OSI Video: President Zelenskyy speaks at Davos 2025 #Davos2025 #WorldEconomicForum #VolodymyrZelenskyy

    Source: World Economic Forum (video statements)

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/
    X ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=rGC6xGzTcWc

    MIL OSI Video –

  • MIL-OSI United Kingdom: Government commits to get more veterans into meaningful jobs

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government commits to get more veterans into meaningful jobs

    Thousands of veterans and their family members across the UK will have access to enhanced career support thanks to government plans to expand Op ASCEND.

    • Government to expand UK-wide career support for the armed forces community, ensuring support for all veterans, regardless of when they left service
    • Careers advice service Op ASCEND offer to include broader range of job support for veterans, helping more into employment and boosting growth under this government’s Plan for Change
    • Service will work with industry bodies to make sure businesses are set up to make the most of the talents veterans have to offer, showing how the government is renewing the contract with those who serve and have served

    Thousands of veterans and their family members across the UK will have access to enhanced career support thanks to government plans to expand Op ASCEND. The free service has so far equipped 3,000 veterans and family members with the tools to make their next career move.

    When jobseekers sign up to Op ASCEND for employment advice, specialist-trained advisors can support with:

    • CV writing and interview preparation
    • advice on entering new sectors such as energy, data and digital, telecommunications and construction
    • tips on how to navigate recruitment schemes run by veteran-friendly employers
    • access to employment fairs
    • advice on retraining or setting up a business

    The changes underline the government’s commitment to renewing the contract with those who serve and have served, and will help boost economic growth by helping more veterans into employment.

    The government is committed to improving services and maximising the impact of every penny spent under its Plan for Change, which the improvements will help deliver on.

    Speaking today at an audience of industry leaders and veterans at Mission Community’s annual National Transition Event in Silverstone, Veterans Minister Alistair Carns announced plans to expand the support available under Op ASCEND, which is run by the Forces Employment Charity (FEC). The service will align more closely with the MOD’s official resettlement programme – the Career Transition Partnership (CTP).

    Minister for Veterans and People, Alistair Carns DSO OBE MC MP said:

    This government is committed to renewing the nation’s contract with those who serve and have served.

    Op ASCEND is a natural extension to the government’s resettlement scheme, enabling veterans and their families to further maximise their potential and take their careers to the next level.

    This is about delivering a clear, easily accessible offering for veterans. From the time they join, to the time they leave service and beyond, veterans will be empowered to succeed, whether that be in protection of our nation, or through meaningful careers which maintain and develop their skills.

    For those just leaving the forces, there is a range of transition and resettlement support available through the CTP. For those who left service more than 2 years ago and are looking for a new job or to progress within their career, Op ASCEND is available to them. This could include provision for those veterans looking to set up their own business or hone their enterprise and entrepreneurial skills. 

    Sam, a British Army veteran who recently secured a role as a physical oil trading contracts analyst in the energy industry thanks to Op ASCEND, said:

    I found Op ASCEND online, and was assigned a mentor to help me navigate the process. There’s the intangible side of the service – knowing there’s people around that care, are interested and want to see you succeed. Knowing you can connect with an advisor, write to them or call them up if you’re having problems and get some advice. Then there’s the tangible impact of the employment events – they’re actionable, you can go ahead and do something with it.

    As well as offering career advice to the armed forces community, Op ASCEND has worked with over 300 businesses to date, helping them understand the commercial benefits of hiring veterans. The service encourages employers to:

    • review their work in recruiting, progressing and retaining talent from the armed forces and their families
    • run employment events to connect job-seeking members of the military community with job opportunities
    • expand or create new military pathways to help veterans with their transition and keep them connected to those with similar backgrounds

    Ian Fortune, Head of Pathways, Centrica, said:

    Working with the Forces Employment Charity through the delivery of Op ASCEND has enabled high-calibre service leavers and the wider military family to bring their significant talent and skillsets into our organisation with confidence.  With fantastic Pathways events such as Women Into Employment, we have been bringing diversity of thought, background and experience into our company and with it, fresh perspectives and thinking that is helping to energise a greener, fairer, future.

    Op ASCEND is being run alongside a veteran industry engagement programme, both backed by £2.1 million of government funding. Run by service charity Mission Community, the programme works with industry bodies – such as the Society of Motor Manufacturing and Traders – to drive practical, cultural and behavioural change within their sectors. Through this partnership with business, the government will help ensure that the value veterans bring to UK businesses is fully recognised, and that industries make the most of the talents they have to offer.  

    Notes to editors:

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Marat Khusnullin flew over a section of the M-12 “Vostok” high-speed highway from Tatarstan to the Sverdlovsk region

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Marat Khusnullin held a meeting with representatives of the Federal Road Agency (Rosavtodor) and the state company Avtodor

    February 24, 2025

    Implementation of the project for the construction of the M-12 “Vostok” high-speed highway. Section between the Republic of Tatarstan and the Sverdlovsk Region

    February 24, 2025

    Previous news Next news

    Marat Khusnullin held a meeting with representatives of the Federal Road Agency (Rosavtodor) and the state company Avtodor

    In Russia, the implementation of a large-scale infrastructure project to build the M-12 “Vostok” high-speed highway to Yekaterinburg continues. Deputy Prime Minister Marat Khusnullin flew over the section under construction between the Republic of Tatarstan and the Sverdlovsk Region, and also held a meeting with representatives of the Federal Road Agency (Rosavtodor) and the state company “Avtodor”.

    “The Russian construction industry is systematically working to improve the connectivity of the regions of our large country. Single routes, including high-speed ones, are being created from individual sections. The “Russia” transport route will stretch for approximately 12 thousand km from St. Petersburg to Vladivostok. It will include both existing highways and those built from scratch. One of them is the M-12 “Vostok” highway, the construction of which is being carried out on the instructions of the President. To extend the highway, the state company “Avtodor” is actively building a new 275 km Dyurtyuli – Achit section in the Republic of Bashkortostan, Perm Krai and Sverdlovsk Oblast. Having flown the route, I can say that the pace of work on extending the M-12 to Yekaterinburg is not bad. There was a delay for a number of reasons, including weather conditions. Last year there were heavy rains, the road was washed away in places, they could not deliver sand and gravel. But by the end of June we are determined to prepare the highway for opening,” the Deputy Prime Minister noted.

    The Deputy Prime Minister added that work on extending the highway is in full swing. For example, the overall readiness of the first stage of the Dyurtyuli-Achit road in the Republic of Bashkortostan is more than 72%. Engineering networks are being built at the site, and 5,000 lighting poles and lamps have already been installed for the safe movement of drivers at night.

    At the second stage, 31 artificial structures are being built in Perm Krai, including seven bridges, including a bridge across the Malaya Sarana River. In terms of height, it is comparable to an 8-story building (more than 24 m). At the third stage, two interchanges, seven overpasses and five bridges will be built in Sverdlovsk Oblast, including a bridge across the Bolshaya Sarana River with a length of 540 m.

    After Yekaterinburg, the federal highway M-12 “Vostok” will be extended to Tyumen. At the meeting, Marat Khusnullin discussed the renewal of the Yekaterinburg-Tyumen section with representatives of the Federal Road Agency. Other topics included the construction of bypasses of Omsk, Tyumen, a road towards Perm, as well as the expansion of access roads from Ufa to Dyurtyuli, so that residents could conveniently use the M-12 highway.

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

    MIL OSI Russia News –

  • MIL-OSI China: Xi says bilateral ties show China, Russia good neighbors, true friends

    Source: China State Council Information Office

    Chinese President Xi Jinping said on Monday that history and reality show that China and Russia are good neighbors that cannot be moved away, and true friends who share weal and woe, support each other and achieve common development.

    He made the remarks when having a phone conversation with Russian President Vladimir Putin at the latter’s request.

    Xi said the two leaders had a video meeting before the Chinese Spring Festival during which they made plans for the development of China-Russia relations throughout the year and strengthened coordination on a series of major international and regional issues.

    Various departments from both countries are steadily advancing cooperation in all fields in accordance with the consensus reached by the two leaders, including carrying out activities to commemorate the 80th anniversary of the victory of the Chinese People’s War of Resistance against Japanese Aggression and the 80th anniversary of the victory of World Anti-Fascist War, Xi said.

    Xi said China-Russia ties enjoy strong internal driving force and unique strategic value, adding that the relationship does not target any third party nor would it be influenced by any third party. The development strategies and foreign policies of China and Russia are for the long-term, he said.

    Despite changes in the international situation, China-Russia relations will proceed with ease, which will help each other’s development and revitalization, and inject stability and positive energy into international relations, he said.

    Xi stressed that at the beginning of the overall escalation of the Ukraine crisis, he put forward the “four-should” and other basic proposals for resolving the crisis.

    In September last year, China and Brazil, together with some countries of the Global South, set up the Group of Friends for Peace on the Ukraine crisis to create an atmosphere and accumulate conditions for promoting the political settlement of the crisis, Xi noted.

    China is happy to see Russia and relevant parties make positive efforts to defuse the Ukraine crisis, he said. 

    MIL OSI China News –

  • MIL-OSI USA: Searching for a Universal Principle for Unconventional Superconductivity

    Source: US State of Connecticut

    You may recognize graphite as the “lead” in a pencil, but besides helping you take notes or fill in countless bubbles on exam answer sheets, it is helping scientists grapple with the secrets of superconductivity.

    Superconductivity happens when an electric current is transmitted through wires without the loss of any energy in the form of heat or resistance. Superconducting materials have the potential to revolutionize many aspects of our daily lives, from improving the electrical grid to making more powerful computers. However, superconductivity generally requires very low temperatures, so low they may become impractical, and the exact mechanisms of superconductivity are not well understood for many superconducting materials.

    In their recent Nature publication, a collaboration of researchers, including UConn Department of Physics Professor Pavel Volkov, detail surprising findings about superconductivity in twisted trilayer graphene.

    In 2018, attention focused on the rich physics of superconductivity in multilayer graphene, which is a single layer of carbon atoms forms graphite. As a single layer, graphene is not superconducting; however, this changes when two layers are stacked and slightly twisted to form twisted bilayer graphene (TBG). Stacking three layers to make twisted trilayer graphene (TTG) together makes the system more stable and robust and was the subject for much of this study.

    The twist leads to unique and unconventional superconducting properties in the twisted trilayer graphene. Volkov says that at a so-called ‘magic’ twist angle, quantum interference effects lead to the motion of elections slowing down enormously as they move through the layers of graphene, allowing them to interact much more strongly with one another, which is likely the driving force of superconductivity.

    “A number of observations on twisted trilayer graphene are quite similar to another system of immense interest where interactions are strong — the cuprate high transition temperature superconductors. We’re interested in it fundamentally because we don’t quite understand how this works,” Volkov says.

    Indeed, the famous theory of Bardeen, Cooper and Schrieffer, published in 1957, is known to fit well many known superconductors, Volkov explains. Their theory attributes superconductivity to the electrons forming “Cooper pairs” due to interaction with lattice vibrations. However, it does not match the observations for cuprates and several other material classes, which has since earned the name of “unconventional” superconductors. Some of them, like cuprates, become superconducting at relatively high temperatures – which in this case is -200°F – while others, including TTG, superconduct only at extremely low temperatures below -450°F. Yet, the presence of strong interactions between the electrons unites these rather different materials.

    Scientists hope that studying how superconductivity happens in TTG may help gain understanding the origin of unconventional superconductivity and in raising the extremely low temperatures required.

    Getting a conclusive answer 

    Volkov says the graphene system is great for studying superconductivity because it is clean, and fairly easy to control.

    “After adding the twist, suddenly it starts to show all the physics that we don’t understand,” he says. “The hope is that if we start with a system which is perhaps a little bit more in the theoretical control than the messy chemistry of the cuprates, maybe we can understand the general principles behind unconventional, non-BCS superconductors.”

    Many previous studies in graphene, though they contribute important information, are limited in describing superconductivity, says Volkov, because those experiments focus on the properties of single electrons rather than electron pairs.

    “What matters is that electrons form pairs, and somehow you want to probe the properties of those pairs to be able to study superconductivity. That is what this experiment achieves.”

    Volkov offers an analogy: if an electric field is applied to a superconductor, it will result in an increase in the velocity and acceleration of the electron pairs and a current increasing in time. This phenomenon is known as inductance.

    “At an engineering level, a superconductor is just an inductor, the problem is they are typically bad inductors. The better a superconductor is, the worse it is as an inductor.”

    Volkov says that co-authors Abhishek Bannerjee, Zeyu Hao and Mary Kreidel from the groups of Philip Kim, from Harvard’s Department of Physics, and K.C. Fong from Raytheon BBN Technologies, developed electrical circuits that allow the researchers to perform experiments to study the inductance of the superconducting graphene. Then, they were able to directly measure the inertia and density of the Cooper pairs that lead to superconductivity.

    Volkov says the question they wanted to answer concerns the structure of the electron pairs. When particles form a pair, their relative motion does not stop, but different kinds of motion can occur. While in the BCS theory relative motion of electrons in a pair is uniform, or isotropic, Volkov says there is evidence that the electrons in unconventional superconductors pair in a non-uniform, or anisotropic way.

    “Up to this work, I don’t think we had a conclusive answer on whether that pairing is isotropic or anisotropic in twisted graphene,” he says. “It’s important because the conventional mechanisms of superconductivity, such as what is proposed in BCS theory, typically advocate for uniform isotropic pairing. This experiment demonstrates that pairing in TTG is strongly anisotropic, and it reinforces the connection between twisted tri-layer graphene and high transition temperature cuprates, which is remarkable. As scientists, we want to see things that are that are complex but universal, because there’s trivial complexity. Every sample is different. Here we find two very different materials, showing quite similar properties, including superconductivity. Given the excellent tunability of TTG, the hope is that maybe we can get our hands on the universal principles of unconventional superconductivity, which are still missing.”

    ‘Beautiful experiments’ 

    Volkov says the discovery has been made by studying how temperature and current breaks the electron pairs apart. For strongly anisotropic pairs, there are always directions along which the pair is easy to break. Thus, even a tiny temperature change can lead to anisotropic pairs breaking apart. Volkov says they experimented with other parameters to disrupt the Cooper pairs, such as altering the current, and the results further confirm that the Cooper pairs in TTG are highly anisotropic.

    To understand more about the underlying electronic state, Volkov developed a theoretical model for the behavior of the TTG inductance as a function of temperature and current, in collaboration with co-authors Patrick Ledwith and Ashvin Vishwanath from Harvard’s Department of Physics.

    “By measuring the properties of superconducting pairs of electrons, we also get information on the underlying electronic structure and underlying properties of single electrons in that highly anisotropic state,” Volkov says. “That information is something we had to do theoretical modeling for, because it was not conforming to some simple expectations, where the more electrons you put in, the more superconducting pairs you get. That’s not how it works here. These beautiful experiments also gave us insights on the behavior of single electrons in TTG.”

    The take-home message of the paper is the electrons in twisted multilayer graphene behave unlike those described by BCS theory; but remarkably, they share properties with high-temperature cuprates, which may have practical uses. As Volkov says, they need to go back to the drawing board to develop a new theory of the superconducting state that accounts for these extraordinary materials because they may pave the way for a new generation of superconductors for real-world applications.

    MIL OSI USA News –

  • MIL-OSI: Red Cat Holdings Proud to Announce Teal’s Black Widow™ and FlightWave’s Edge 130 Selected as Winners of the Blue UAS Refresh     

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, Feb. 24, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced that its Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.

    Over the coming months, the Blue UAS List and Blue UAS Framework will expand with new additions. The inclusion of the Black Widow and Edge 130 as winners of the Refresh further validates Red Cat’s commitment to delivering NDAA-compliant unmanned systems for defense and government applications.

    “We applaud the DIU’s ongoing diligence and focus on U.S. drone manufacturing,” said Jeff Thompson, Red Cat CEO. “The inclusion of both Teal’s Black Widow and FlightWave’s Edge 130 in the NDAA verification and cyber security review underscores our dedication to providing safe and secure solutions for the U.S. military and the warfighters that use them. As national security concerns around drone technology continue to grow, our systems ensure that the military and government agencies have access to reliable, mission-ready platforms.”

    Teal’s Black Widow is Red Cat’s small unmanned aerial system (sUAS) designed for short-range reconnaissance (SRR) missions. The system, which was down selected for the U.S. Army’s SRR Program of Record contract, provides military operators with improved situational awareness, autonomous capabilities, and rugged performance in contested environments. The company recently announced a partnership with Palantir to integrate Visual Navigation software (VNav) into Red Cat’s Black Widow drones.

    FlightWave’s Edge 130 is a high-endurance vertical takeoff and landing (VTOL) drone engineered for medium-range intelligence, surveillance, and reconnaissance (ISR) operations. Its modular payload system and extended flight capabilities make it a versatile asset for defense and government missions.

    Inclusion in the review continues Red Cat’s legacy of having Blue listed solutions, including Teal 2 and Golden Eagle. Pending inclusion in the updated Blue UAS approved list, Red Cat’s drones can continue to be easily procured by the U.S. Department of Defense, federal agencies, and allied partners, eliminating lengthy waiver processes and ensuring rapid deployment to the field.

    For more information on Red Cat’s approved Blue UAS products, visit www.redcat.red or the official DIU Blue UAS page at www.diu.mil/blue-uas.

    About Red Cat Holdings, Inc.

    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a Family of Systems. This includes the Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed-wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA-compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

    Forward Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    The MIL Network –

  • MIL-OSI Video: “Ukraine as a nation stands stronger than ever before” #Davos2025 #WorldEconomicForum #OlafScholz

    Source: World Economic Forum (video statements)

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/
    X ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=PJyHp3Wme1Y

    MIL OSI Video –

  • MIL-OSI United Kingdom: UK announces largest sanctions package against Russia since 2022

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK announces largest sanctions package against Russia since 2022

    Three years on from President Putin’s full-scale invasion of Ukraine, the UK has today imposed over 100 new sanctions directly targeting those who continue to aid the invasion.

    • 107 new sanctions announced as UK unleashes our largest sanctions package since the early days of the invasion. 

    • Milestone package targets Russian military supply chains, revenues fuelling Putin’s illegal war, and Kleptocrats driving profits for the Kremlin. 

    • Strengthening Ukraine’s hand will help to build a secure and prosperous Europe and UK – a foundation of the government’s Plan for Change.

    Today’s measures will target funds going into Putin’s war chest and propping up Russia’s kleptocratic system.   

    As the Prime Minister said last week, we are facing a once in a generation moment for the collective security of our continent.  The UK is working with our Allies to put Ukraine in the best position to achieve peace through strength. Today’s action is a further step towards this.  

    The sanctions will also target Russia’s military machine, entities in third countries who support it and the fragile supply networks that it relies on.   

    Targets include:  

    • Producers and suppliers of machine tools, electronics and dual-use goods for Russia’s military, including microprocessors used in weapons systems. These are based in a range of third countries including Central Asian states, Turkey, Thailand, India and China, which is the largest supplier of critical goods for Russia’s military.  

    • North Korean Defence Minister No Kwang Chol and other North Korean generals and senior officials complicit in deploying over 11,000 DPRK forces to Russia. Putin is using DPRK forces as cannon fodder; DPRK has suffered over 4,000 casualties.  

    • 13 Russian targets, including LLC Grant-Trade, its owner Marat Mustafaev and his sister Dinara Mustafaeva, who have used the company to funnel advanced European technology into Russia to support its illegal war.  

    For the first time, we are also using new powers to target foreign financial institutions supporting Russia’s war machine.  We are sanctioning the Kyrgyzstan-based OJSC Keremet Bank, disrupting Russia’s use of the international financial system to support its war efforts.

    Foreign Secretary, David Lammy said:

    Today’s action, the largest in almost three years, underscores the UK’s commitment to Ukraine.    

    Every military supply line disrupted, every rouble blocked, and every enabler of Putin’s aggression exposed is a step towards a just and lasting peace, and towards security and prosperity in the UK as a part of this government’s Plan for Change. 

    Lasting peace will only be achieved through strength. That is why we are focused on putting Ukraine in the strongest possible position.      

    As the world marks the grim milestone of Putin’s full-scale invasion entering its fourth year, we cannot and will not turn our backs on Ukraine in their fight for our shared security.

    Keeping the country safe is the Government’s first priority and an integral part of the Prime Minister’s Plan for Change. Sanctions against Russia’s military machine and the revenues fuelling it will improve the chances of a just and lasting peace in Ukraine, which will benefit security and prosperity in the UK.  

    The new sanctions will put further pressure on Putin’s energy revenues, the most vital source of funding for his illegal invasion. They include specification of another 40 ‘shadow fleet’ ships carrying Russian oil. These vessels have collectively carried more than $5 billion worth of Russian oil and oil products in the last six months alone. The specifications bring the total number of oil tankers sanctioned by the UK to 133 – the highest of any nation in Europe.  

    Finally, we are sanctioning 14 ‘New Kleptocrats’, some of whom are fronting up strategic sectors of Russia’s economy.  Among them are Roman Trotsenko, one of the wealthiest men in Russia, worth £2.2 billion.  

    After three years of the full-scale invasion, Ukrainians continue to defend their country and way of life with ingenuity and courage. They have shown that with the right support they can defend themselves against Russian aggression. Today’s action will strengthen Ukraine’s hand at a critical time in their fight for our shared security.

    Background

    Updates to this page

    Published 24 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Video: The Arc of Progress in the 21st Century | World Economic Forum Annual Meeting 2025

    Source: World Economic Forum (video statements)

    Looking at global headlines today, it’s hard not to feel pessimism. Have recent wars, pandemics and autocracies made the idea of progress obsolete?

    Cognitive scientist Steven Pinker uses data and psychology to provide a fresh perspective on progress: why it is so hard to achieve and what ideas were responsible for progress in the past and will be needed for progress to continue?

    Speakers: Steven Pinker

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/
    X ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=wFlsHFMz2Fc

    MIL OSI Video –

  • MIL-OSI Africa: World Health Organization (WHO) commits to enhancing Nigeria’s capacity to tackle influenza threat

    Source: Africa Press Organisation – English (2) – Report:

    Download logo

    Following an alert of a highly pathogenic avian Influenza (H5N1) outbreak in poultry, commonly known as bird flu, in Kano state,  the World Health Organization ( WHO) has stepped up its support to the Government of Nigeria to prevent transmission of the virus to humans. While the virus spreads rapidly among birds, it also has the potential to infect mammals, including humans. It poses a significant threat to both animal and public health.

    Overview of the outbreak 

    The virus primarily affects poultry but can also infect humans who come in direct contact with the infected live or dead birds or contaminated environments, such as saliva, nasal discharges, and faeces, which contain high toxins.

    Preventive measures against bird flu include biosecurity measures in poultry farms and live bird markets, avoiding contact with sick birds, proper hygiene, surveillance, and early reporting of outbreaks. Other states aside, Kano has reported cases of bird flu among poultry.

    At the time of writing this report, there has been no human infection from the disease. 

    WHO collaborative support to the outbreak

    To prevent transmission to humans, WHO team in Kano state leverage the State One Health Technical Working Group (TWG) and Influenza TWG to coordinate an interagency response to the situation. 

    The One Health and Influenza TWGs comprises inter-agency members, including the Ministries of Health, Veterinary/ Agriculture, and  Environment. 

    The World Health Organization (WHO), in collaboration with the Nigeria Centre for Disease Control (NCDC), has supported the establishment of 10 National Influenza Sentinel Surveillance (NISS) sites, including Aminu Kano Teaching Hospital (AKTH) and nine other hospitals across Nigeria’s six Geopolitical zones. In 2024, 814 samples were collected from these sites and transported to the National Reference Laboratory in Abuja for respiratory virus testing, in line with the Global Influenza Surveillance and Response System (GISRS).

    “To help with the response in Kano State, WHO provided over 100 PPE kits. These kits included 1,000 gloves, 500 aprons, 500 face shields, 20 rain boots, and other items. These kits protect healthcare workers and other personnel on the field from exposure to the virus, ensuring their safety while they manage and contain the outbreak.

    WHO also supplied laboratory materials for collecting samples from people showing symptoms of flu-like illnesses or severe respiratory infections,” explained Dr Mayana Abubakar, WHO  Kano State Coordinator. 

    Dr Mayana mentioned that in 2024, WHO helped train over 100 health workers from the NISS sites on preparing for and responding to pandemic influenza. This training aimed to improve surveillance, response, and close monitoring of human contacts for early intervention. 

    Dr Ibrahim Aliyu Gano, Director of Public Health and Disease Control, Kano State Ministry of Health, applauding WHO’s support, said, “ We appreciate WHO’s steadfast support in helping us tackle this outbreak. Their donation and timely intervention help protect lives and contain the transmission of the disease.

    As of 25 January 2025, Kano, Nigeria, reported six confirmed  HPAI cases and 4,470 suspected cases of bird flu. So far, there has been no human infection from 15 specimens tested from 20 suspected cases while awaiting the result of five samples. 

    The WHO Country Representative, Dr Walter Kazadi Mulombo, has assured that with the existing national capacity, which has been built over the period and from the previous bird flu emergencies experience, “we could swiftly scale up the efforts. WHO is committed to working with Nigerian authorities and partners to ensure that measures are in place for effective and rapid actions to mitigate transmission to humans”, he added.

    Distributed by APO Group on behalf of World Health Organization (WHO) – Nigeria.

    MIL OSI Africa –

  • MIL-OSI: Capital City Bank Establishes Chief Banking Officer; Names New Chief Lending Officer

    Source: GlobeNewswire (MIL-OSI)

    TALLAHASSEE, Fla., Feb. 24, 2025 (GLOBE NEWSWIRE) — Capital City Bank announces a newly created executive role of chief banking officer, providing comprehensive oversight of the lending and deposit functions of the Bank with a strategic focus on growth, efficiency and operational cohesion. The position has been filled by Ramsay Sims, a tenured member of the Company’s senior leadership team who brings broad expertise in financial services and effective leadership. Concurrently, William Smith has been promoted to chief lending officer, filling the vacancy left by Sims’ promotion to chief banking officer.

    “Adding this new leadership role positions us for long-term success and sustained excellence as we continue to grow,” said Bill Smith, Capital City Bank Group Chairman, President and CEO. “With Ramsay’s extensive experience, proven track record and demonstrated ability to lead in diverse banking environments, he is well-equipped to drive the strategic goals and objectives of this critical role.”

    As chief banking officer providing high-level oversight of both lending and deposit functions of the Bank, Sims will streamline the strategic direction of these areas, allowing for more efficient management and alignment of growth objectives. Smith will focus on driving the lending strategies of the Bank as chief lending officer under Sims’ direction.

    Capital City Bank Group Chairman, President and CEO Bill Smith added, “Ramsay has been a key contributor to our success since he joined the Bank. I have consistently valued his expertise as a member of our executive leadership team. Likewise, William’s diverse background, impressive achievements and deep understanding of the market will add additional strength to our executive ranks. I am confident that these enhancements to our executive management team will provide a solid foundation for continued progress and future growth.”

    Sims came to Capital City Bank in 2010 and served most recently as chief lending officer. He has amassed decades of experience serving corporations, governments and non-profit organizations in the financial sector. Before joining Capital City Bank, Sims spent five years in public finance with Merrill Lynch, three years in corporate tax-exempt finance with Banc of America Securities and six years with GE Capital. He holds a bachelor’s degree in economics from the University of the South (Sewanee) and a master’s in business administration from Florida State University.

    Smith, who served most recently as North Florida Region executive overseeing an operational area that included Leon, Gadsden, Jefferson, Madison, Taylor and Wakulla counties in Florida and Grady County in Georgia, joined Capital City Bank in 2007 as a management trainee. Over his career, Smith has gained expertise in multiple specialties, including small business, commercial real estate, special assets and private banking. In 2020, he was appointed the market president overseeing Leon County and served three years in that role until being promoted to North Florida Region executive in 2023. Smith demonstrates a deep commitment to community advocacy through service on multiple non-profit boards, including Big Bend Hospice, where he holds the office of treasurer, and the Tallahassee Chamber of Commerce. He is also a member of the Tallahassee Entrepreneurs Organization and Florida Bankers Association Government Relations Council.

    About Capital City Bank Group, Inc.
    Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.3 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 63 banking offices and 104 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., www.ccbg.com.

    For Information Contact:
    Brooke Hallock
    Hallock.Brooke@ccbg.com
    850.402.8525

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8d7d86ca-9eaa-4b27-a720-ce03ed405f6f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/93aea2c1-c40c-48d0-ba61-febe3f386283

    The MIL Network –

  • MIL-OSI Video: Can Financial Systems Withstand the Next Crisis? | World Economic Forum Annual Meeting 2025

    Source: World Economic Forum (video statements)

    While the global financial system has shown resilience against recent shocks, it faces numerous challenges stemming from rapid technological advances, increased geopolitical tensions and divergent monetary policies.

    What key factors are behind a relatively stable financial system and what lessons can be learned to build up resilience against future shocks?

    This session was developed in collaboration with Bloomberg Television and is linked to the World Economic Forum’s Centre for Financial and Monetary Systems.

    Speakers: Suzan Kereere, Raghuram G. Rajan, Sergio P. Ermotti, Klaas Knot, Francine Lacqua, Lim Chow-Kiat

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
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    https://www.youtube.com/watch?v=CPNA9aAzSB4

    MIL OSI Video –