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Category: Politics

  • MIL-OSI Global: German election: a triple crisis looms large at the heart of the economy

    Source: The Conversation – UK – By Ralph Luetticke, Professor of Economics, School of Business and Economics, University of Tübingen

    Oleg Senkov/Shutterstock

    Ahead of the election on February 23, many German voters are deeply concerned about the economy – and for good reason. The German economy is in a recession and has been shrinking for two consecutive years. In fact, it is now about the same size as it was in 2019, even as some of its peers among the world’s advanced economies have experienced solid growth (on the left of the chart below).

    This matters for voters, who have experienced stagnating real incomes and remain pessimistic – expecting real incomes to decline further.

    GDP and productivity growth of Germany, UK and US:

    There could be several reasons for Germany’s economic malaise. First, fiscal policy in Germany is tighter than in other countries, meaning higher taxes and lower public spending. Due to the “debt brake” enshrined in its constitution, Germany is severely restricted in running budget deficits, except when the government declares an emergency, as it did due to COVID.

    The last coalition government collapsed over a dispute about whether to declare another emergency over the war in Ukraine in order to increase borrowing capacity. This did not happen, and as a result Germany’s fiscal deficit has remained relatively moderate. The argument goes that a larger deficit might have boosted economic growth.

    Second, for decades, Germany has relied on foreign demand to sustain economic growth at home. During the first two decades of the 21st century, it benefited greatly from China’s integration into the world economy.

    To build up its productive capacity, China relied heavily on machinery produced in Germany and it purchased a significant number of German cars. However, this is no longer the case. As China has moved to the technology frontier, it no longer depends as much on German cars or machinery.

    However, both factors only go so far in accounting for the stagnating German economy. For if demand – domestic or foreign – is too weak to sustain growth, this should be reflected in falling prices.

    Yet prices have been rising strongly. Inflation in Germany has been running high over the last couple of years.

    And it has not been systematically lower than in, say, the US or the rest of the euro area. Over the next 12 months, households expect inflation to be above 3% – well above the European Central Bank’s 2% target.

    Another relevant indicator also suggests that lack of demand is unlikely to be the main reason for Germany’s stagnation. Unemployment is low in Germany, lower than in most European countries and hardly higher than in 2019.

    Instead, adverse supply conditions are key, as reflected in households’ expectations of falling incomes and higher inflation.

    Overall, supply is simply the combination of labour and capital inputs (for example, the size of the workforce and the machinery or premises available to them) along with productivity or technology, which tells us how much output we get from the labour and capital inputs. Germany is facing a triple crisis in this regard – expensive energy, weak labour supply and low productivity growth.

    First, there are energy prices, which have been pushed up everywhere by the Russian invasion of Ukraine. However, the effect has been particularly strong in Germany due to its direct dependency on Russian gas.

    The outgoing government, in which the Greens have been a key player, is widely credited with trying to accelerate Germany’s green transition. This raised the costs of the transition above those caused by the European Emissions Trading System, whereby polluters pay for their emissions.

    While it is difficult to determine the exact contributions of the war and the green transition to the rise in energy prices, both clearly act as a drag on growth, particularly on the supply side (that is to say, production potential).

    The productivity problem

    But Germany faces more fundamental supply-side challenges. The second issue becomes apparent when comparing GDP per hour worked (a measure of a country’s productivity, as seen on the right of the chart above).

    Here, the trends in Germany and the UK are quite similar, implying that Germany’s lower economic growth relative to the UK is primarily due to people working fewer hours. This, in turn, may reflect demographic changes, migration that does not contribute to the labour force or shifting preferences in the wake of COVID.

    The third issue is productivity growth. Consider the increase in GDP per hour worked in the US, which has risen by more than 10% as shown in the chart above, dwarfing the developments in both Germany and the UK. Common causes of weak productivity growth include ageing infrastructure, low private sector investment, a lack of start-ups and fewer new companies growing into multinational leaders.

    A turnaround requires far-reaching improvements in supply conditions. In terms of energy, Germany should avoid measures such as introducing more regulation on the heating or insulation of new and existing homes, and instead rely on the EU-wide emissions trading scheme to curb emissions.

    In the labour market, increased participation or skilled migration is needed, supported by policies that encourage people to retire later and entice more women into the workforce.

    Increasing defence spending could be a way to boost German productivity.
    Ryan Nash Photography/Shutterstock

    Productivity growth remains the most challenging issue. A good start would be increased funding for universities and reduced regulation, particularly for AI technology.

    Deepening the EU’s single market, for example by removing restrictions on cross-border energy trade to allow firms to access cheaper electricity, would enhance competition and drive productivity growth. This way, companies could expand and create well-paying jobs.

    Finally, an additional boost may come from higher defence spending, not only to address the much-needed improvement of Germany’s external security but also because it has been shown to increase productivity.

    While immigration may be a major talking point for the German electorate in the coming vote, the economy – as ever – will be an important factor in measuring the mood of the country.

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

    – ref. German election: a triple crisis looms large at the heart of the economy – https://theconversation.com/german-election-a-triple-crisis-looms-large-at-the-heart-of-the-economy-250320

    MIL OSI – Global Reports –

  • MIL-OSI USA: Following Dangerous Cuts to Transportation Workforce, Markey, Leader Schumer, Colleagues Demand Secretary Duffy Prioritize Safety

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Letter Text (PDF)

    ?Washington (February 20, 2025) – Senator Edward J. Markey (D-Mass.), a member of the Senate Commerce, Science, and Transportation Committee, today led 12 colleagues in a letter to Department of Transportation (DOT) Secretary Sean Duffy urging the agency to stop the mass layoffs and firing of essential transportation safety employees and instead focus on prioritizing safety. The lawmakers demand information regarding DOT plans to protect passengers and prevent future crashes.

    In the letter the lawmakers write, “At the Department of Transportation, safety must come first, but that commitment appears in doubt as the Trump administration promotes cost-cutting over protecting the public. By offering to buy out federal employees, ordering government agencies to prepare for mass layoffs, firing employees with critical safety functions, giving Elon Musk and the Department of Government Efficiency (DOGE) free reign to cut the federal workforce, and turning Musk, DOGE, and their unqualified staff loose on the air traffic control system, the Trump administration risks undermining decades of safety improvements. We urge you to cease this dangerous approach to governing and request important information on how the Department of Transportation (DOT) plans to prioritize safety in this environment.”

    The lawmakers requested responses by March 3 to questions that include:

    • How many DOT employees were offered the buyout? How many accepted? How many declined or did not respond?
    • How many DOT employees were ineligible to take the buyout offer?
    • How many DOT employees have lost their jobs since January 20, 2025?
    • What is Musk’s and DOGE’s role in reviewing DOT personnel and program information? What steps is the Department is taking to ensure that Musk and the DOGE do not compromise public safety?
    • What is Musk’s and DOGE’s involvement with the ATC system?

    The letter was co-signed by Senate Democratic Leader Chuck Schumer (D-N.Y.), and Senators Richard Blumenthal (D-Conn.), Chris Van Hollen (D-Md.), Peter Welch (D-Vt.), Jacky Rosen (D-Nev.), Michael Bennet (D-Colo.), Bernie Sanders (I-Vt.), Alex Padilla (D-Calif.), Elizabeth Warren (D-Mass.), Raphael Warnock (D-Ga.), Ron Wyden (D-Ore.), and Jeff Merkley (D-Ore.).

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Ministry of Defence Statement on Conclusion of the Jaysley Beck Coroner’s Inquest

    Source: United Kingdom – Executive Government & Departments

    A statement from the Minister for Veterans and People on behalf of the Ministry of Defence

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

    Our thoughts remain with Jaysley-Louise Beck’s loved ones at this difficult time. Jaysley was a young and promising soldier who should have had the opportunity to thrive in a supportive and safe environment. Her death was and still is a tragedy, and we are deeply sorry for the failure to protect her. I acknowledge what has been said in this inquest and the Army will now reflect on the evidence heard and the failings identified to learn lessons from the Coroner’s findings.

    The Army has accepted the failings identified by the Service Inquiry and responded to the recommendations to improve Service life across its culture, policies, and practices. Our Armed Forces play a vital role in protecting the nation and a range of substantive measures – many already introduced – will help to build a safer, more inclusive environment for our personnel, particularly for new recruits, and ensure that any concerns raised are listened to and swift appropriate action is taken.

    Let me be clear: There is no place for any abuse or unacceptable behaviours within the military. This Government has stepped up efforts to bring about crucial reform and provide a place where people are proud to work and have faith in the service justice system. We will honour Jaysley’s legacy by ensuring this is done in the shortest possible time and in the most effective manner.

    Anyone – military or civilian – who has been a victim of serious crime in the Defence community can contact our confidential crime line on 0800 085 0658, which is available 24/7.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Yuri Trutnev visited the branch of the Voin center in Kalmykia

    Translartion. Region: Russians Fedetion –

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

    Yuri Trutnev visited the branch of the Voin center in Kalmykia

    February 20, 2025

    Yuri Trutnev visited the branch of the Voin center in Kalmykia

    February 20, 2025

    Yuri Trutnev visited the branch of the Voin center in Kalmykia

    February 20, 2025

    Yuri Trutnev visited the branch of the Voin center in Kalmykia

    February 20, 2025

    Yuri Trutnev visited the branch of the Voin center in Kalmykia

    February 20, 2025

    Yuri Trutnev visited the branch of the Voin center in Kalmykia

    February 20, 2025

    Previous news Next news

    Yuri Trutnev visited the branch of the Voin center in Kalmykia

    As part of a working visit to the Republic of Kalmykia, Deputy Prime Minister – Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev visited the regional branch of the Voin center in Elista. The working meeting was attended by the head of the region Batu Khasikov, deputy chairman of the board of the Voin center, participant in the Time of Heroes program, Hero of Russia Andranik Gasparyan and director of the branch of the Voin center in Kalmykia Chimid Dzhangaev.

    “The Voin Center was created by order of the President of the Russian Federation Vladimir Vladimirovich Putin, and its regional branches have been opened in 21 regions. Since its operation in May 2023, more than 56 thousand children have been trained in the regional branches of the center. We try to monitor how the work is going in all territories, meet, watch the work of the instructors, because they pass on their experience, knowledge, and ability to love the Motherland to children. And we believe that this is very important. We were pleased to come to Kalmykia. I know that Kalmykia has established military traditions. There are many heroes here who serve with dignity today in the special military operation zone. I met with the instructors, they are confident people ready to work. A few days ago I was in Khabarovsk and got acquainted with the work of the branch there. Our task is to create a mechanism for transferring traditions, experience and spirit in each center. This is also very important. We came to visit on the eve of Defender of the Fatherland Day, and I am pleased to congratulate everyone who works in the center today, and in general all residents of Kalmykia on this common holiday of ours,” said Yuri Trutnev.

    The guests of honor began their visit with an inspection of the Nona airborne combat vehicle, which was recently installed near the branch building. They then attended classes in classrooms and familiarized themselves with the regional branch’s material and technical base.

    The guests saw how the cadets hone their skills in UAV control, tactical medicine, and undergo fire and tactical training. After that, they visited the museum of the special military operation, located in the branch building. At the end of the meeting, they discussed with the heads of the training areas the development of the regional branch of the “Voin” center.

    A unique patriotic project of the Kalmyk branch on the creation of “Warrior” platoons in the region’s schools was presented. The first such platoon was opened on February 14 at school No. 10 named after V.A. Bembetov, its cadets were 20 students from grades 7-11. The platoon’s work is supervised by the senior instructor-methodologist of the “Warrior” center, veteran of the SVO Dmitry Chulchinov.

    “I would like to thank Yuri Petrovich for visiting the regional branch of the Voin center, for his attention, support and communication with the team of instructors. I am pleased, as the one responsible for the development of our branch of the Voin center, with the involvement of our cadets. Not only young people come here, but also active soldiers – guys who participate in a special military operation. This means that what is taught here is in demand, relevant and effective. We will continue this work and will popularize it, because we must live with the motto: “Be prepared for everything”. And, of course, we will also improve the material and technical equipment. We have big plans in this regard,” said the head of the Republic of Kalmykia Batu Khasikov.

    The branch of the Voin center in the Republic of Kalmykia opened its doors on May 11, 2023. And during its operation, it was able to become the largest military-patriotic platform in the region. The branch’s arsenal includes advanced simulators, dummies, training machines and mass-dimensional models of weapons, which allow for high-quality training of cadets.

    The pride and competitive advantage of the Kalmyk branch of the Voin center are its instructors, many of whom are participants in a special military operation. Batu Khasikov took direct part in their selection.

    In 2023, the branch trained 1,500 teenagers aged 14 to 18, including 900 as part of the summer military-patriotic shifts “Time of Young Heroes”.

    In 2024, instructors from the Kalmyk branch have already trained 2,015 people, 450 of them during the “Time of Young Heroes” shifts. Significant work was carried out on patriotic education and popularization of military-sports training.

    Since the beginning of 2025, 961 teenagers have started classes in the first educational stream at the branch; in total, it is planned to train more than 2 thousand boys and girls. In less than two months of work, a number of patriotic events have already been organized. Among them are “Lessons of Courage”, “Conversations about Important Things”, master classes on the basics of tactical medicine, the basics of UAV piloting and fire training.

    The Center for Military-Sports Training and Patriotic Education of Youth “Voin” was created by order of the President of Russia and is already represented in 21 regions of Russia. The “Voin” Center implements programs for schoolchildren and students on patriotic education and military-sports training, including practical training camps and military-sports games and competitions.

    In early August 2024, Russian President Vladimir Putin instructed the Government to involve participants in the special military operation in educational work with young people by developing branches of the Voin center in all regions of the country.

    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 United Kingdom: Acute Hospital Planning determination20 February 2025 ​​Following the Planning Committee’s determination to approve the Planning Application for the Acute Hospital at Overdale, the Minister for Health and Social Services, Deputy Tom Binet, said: “The… Read more

    Source: Channel Islands – Jersey

    20 February 2025

    ​​

    Following the Planning Committee’s determination to approve the Planning Application for the Acute Hospital at Overdale, the Minister for Health and Social Services, Deputy Tom Binet, said: “The approval of the Planning Application for the Acute Hospital at Overdale marks a major milestone in delivering the modern, high-quality healthcare facilities our Island urgently needs. 

    “Securing planning approval brings us one step closer to ensuring construction of the acute facility remains on track to start this year, meeting our Government priority as set out in the Common Strategic Policy. 

    “The procurement process for a Main Works Delivery Partner is now well underway, with parties who are very capable of building the Acute Hospital having expressed their interest. As we have also heard during the Planning Committee, hospital staff are fully engaged and greatly relieved at the prospect of moving to the new Acute Hospital that is so desperately needed. 

    “I recognise that, whilst today is a good day for moving forward with the scheme, those neighbours living near to the scheme will inevitably be more impacted. I thank them for their patience so far with the demolition works that have taken place and the construction works that will follow. We will continue to work with them to ensure that we cause the least disruption possible. 

    “There are no easy decisions when it comes to major projects with their associated costs. Today, politicians have shown that we in the States Assembly are capable of dealing with them without procrastinating or jeopardising their delivery, especially for this vital facility that has been needed for so long. 

    “I would therefore like to thank Planning Services and Planning Committee Members for their prompt and positive consideration of the Application. I would also like to thank my fellow Council of Ministers for their ongoing support and a special thank you to the excellent New Healthcare Facilities Team and their associates who have worked tirelessly to reach this crucial stage.”

    Next steps 

    • Following approval of the Planning Application, Planning Obligation Agreements will be drawn up and signed. 
    • Development works will start at the Overdale site in Spring 2025, and procurement is underway. The development works include installation of site hoardings, stripping of topsoil and tree protection, removal of redundant utilities, reduced level excavation and filling, site welfare facilities and a temporary haul road. The purpose of the development works is to prepare the Overdale site in advance of a Main Works Delivery Partner commencing construction. 
    • The procurement process to secure a Main Works Delivery Partner for the Acute Hospital building and ancillary infrastructure is ongoing. A Prior Information Notice, signalling the start of more formal market engagement, was issued in October. The formal tender process commenced with a Pre-Qualification Questionnaire (PQQ) which was issued to the market in December 2024, with completed PQQs returned at the end of January. Following the PQQ, there will be an Invitation to Tender which, once returned, will culminate in the appointment of a Delivery Partner. This is anticipated to be in Autumn 2025. 
    • Following the appointment of a Main Works Delivery Partner, construction of the Acute Hospital is set to start towards the end of 2025. 
    • An Executive Summary document of the Acute Hospital Planning Application can be found here: Summary for Planning Application P20241025.pd​​

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Justice Administration Amendments Advanced

    Source: Government of Canada regional news

    Amendments to legislation introduced today, February 20, will make targeted changes to help clarify processes for those representing others while in a position of trust, update legislation and make amendments to the Provincial Court Act.

    “Our laws need to keep pace with the needs of Nova Scotians,” said Attorney General and Justice Minister Becky Druhan. “Today’s amendments will bring important legislation up to date and add additional safeguards for adults who need assistance in making important decisions.”

    The Justice Administration Amendment Act addresses four pieces of legislation, which include:

    • Following a first phase of amendments in 2022, the Powers of Attorney Act will be further modernized to better clarify roles and responsibilities. Changes include allowing remote witnessing of documents, compensation for those acting as a power of attorney and flexibility to delegate authority to a financial specialist.

    • The Adult Capacity and Decision-Making Act will be amended to improve the application process for personal representatives including allowing courts to waive the current bond requirement for representatives, aligning the times for notice of application and increasing safeguards by requiring the public trustee to be added as a party to proceedings.

    • The Interpretation Act will allow for legislation to be automatically repealed if it has not been proclaimed within ten or more years.

    • The Provincial Court Act will be amended to repeal the Family Court Act to reflect that family law matters are now heard in the unified family court and to clarify the composition of judicial council and the authority of the provincial court chief judge.

    Quick Facts:

    • the Interpretation Act will allow for the House of Assembly to pass a resolution to prevent the repeal of any statute; the governor-in-council will also have the authority to delay the automatic repeal for up to three years
    • the unified family court has been in place for several years; changes to the Provincial Court Act were needed to reflect this structure

    Additional Resources:

    Bills tabled in the legislature are available at: https://nslegislature.ca/legislative-business/bills-statutes/bills/assembly-65-session-1

    MIL OSI Canada News –

  • MIL-OSI USA: Services & Support for Youth Who Repeatedly Go Missing

    Source: US State of New York

    Governor Kathy Hochul today announced a new state initiative launched in Buffalo to connect youth who repeatedly go missing with services and support that address their needs and the circumstances that cause them to leave home. The Runaway Intervention Program: Services, Training, Opportunity, Prevention, or RIPSTOP, pilot program is designed to increase safety and stability and reduce multiple missing episodes, which put youth at risk of harm and victimization. The Scott Bieler Child Advocacy Center at BestSelf is partnering with the Buffalo Police Department and Community Foundation for Greater Buffalo to implement the pilot program developed by the State Division of Criminal Justice Services (DCJS) with support from 10 other state agencies.

    “Public safety is my top priority and I’m committed to using every tool at my disposal to protect all New Yorkers, especially our most vulnerable population,” Governor Hochul said. “That’s why my administration is supporting this pilot program and several other initiatives to provide assistance to our most vulnerable youth. We thank our partners in my hometown of Buffalo for helping us launch this pilot, which, if successful, will be replicated statewide.”

    The pilot will serve children younger than 18 who are involved with social services, and those who are not, providing opportunities to identify specific services and interventions that can reduce or eliminate runaway episodes. The initiative kicked off earlier this week with a community listening circle hosted by the Scott Bieler Child Advocacy Center at BestSelf to raise awareness about the pilot and seek community input. A second session is scheduled for Tuesday, Feb. 25, at the Martha Mitchell Community Center. The listening circle will be closed to the media to facilitate open and honest dialogue and protect privacy of youth and families in attendance.

    New York State Department of Criminal Justice Services Commissioner Rossana Rosado said, “Youth outreach and engagement are critical components in our efforts to prevent crime. When we invest in the future of our youth by providing support, services and opportunities, we improve lives, strengthen families and communities, and increase public safety. I thank Governor Hochul for her commitment to young New Yorkers and my DCJS staff for working with sister state agencies and other partners to spearhead this pilot.”

    The Scott Bieler Child Advocacy Center at BestSelf will administer the two components of the pilot: a Missing Youth Services Referral Program, and a Multi-Disciplinary Runaway Youth Treatment Team. BestSelf plans to hire a youth runaway coordinator to run the referral program, which is funded by a grant from the Community Foundation for Greater Buffalo. The Buffalo Police Department unit that responds to reports of missing persons, child abuse and domestic violence refers children to the Scott Bieler Child Advocacy Center at BestSelf and plans to have an officer at the Center daily as part of the pilot.

    BestSelf CEO and President Elizabeth Woike said, “We’re incredibly proud that our Scott Bieler CAC at BestSelf was chosen as the pilot program, consistently proving itself as the premier CAC in New York State. We are looking at the youth runaway crisis through a preventative lens to address larger health issues down the road. Our commitment remains strong to provide cutting-edge treatment and lead the way in collaboration and advocacy.”

    Youth who are reported missing are at risk of homelessness, exploitation for sex and/or labor trafficking, academic underachievement that can lead to dropping out of school, and involvement in the juvenile justice system. Children with multiple missing episodes are more likely to be depressed, have attempted suicide, and have mental health or substance use issues. Last year, 12,114 reports of missing children younger than 18 were entered into the New York State register, with 94 percent reported by police as runaways. More than half (6,161) of those reports involved a total of 1,772 children. DCJS identified Buffalo for the pilot due to the high number of missing children reports received by the city’s police department, which had already begun working with the Scott Bieler Child Advocacy Center at BestSelf to address the issue. During that same time period, the City of Buffalo had 522 missing child reports, with nearly 200 representing multiple incidents.

    Staff from the Missing Persons Clearinghouse at DCJS will oversee implementation of the pilot and foster ongoing communication and coordination among all national, state and local partners with the goal of improving how different systems respond and support these youth. The New York State Youth Justice Institute, a partnership between DCJS and the University at Albany, will evaluate the pilot’s implementation and outcomes to determine its success and whether it should be replicated in other communities. The Youth Justice Institute strives to build and strengthen the capacity of localities around New York State to adopt evidence-informed youth justice practices by disseminating information, assisting with implementation and assessing efficacy in existing youth justice programs, and by conducting cutting-edge research to advance the science and practice of evidence-based initiatives.

    The following state agencies are participating: the Department of Health; State Education Department; Justice Center for the Protection of People with Special Needs; Office of Addiction Services and Supports; Office of Children and Family Services; Office of Mental Health; Office for People With Developmental Disabilities; Office for the Prevention of Domestic Violence; Office of Victim Services; and New York State Police.

    The New York City Administration for Children’s Services; New York State Association of Chiefs of Police; New York State Sheriff’s Association; New York State Youth Justice Institute; St. Anne Institute; State of New York Police Juvenile Officers Association; National Center for Missing & Exploited Children; and National Child Protection Task Force also are partners in the initiative.

    City of Buffalo Mayor Christopher P. Scanlon said, “I want to thank Governor Hochul for her continued investment in our youth and for recognizing the urgent need to address the challenges facing vulnerable children in our community. One of my administration’s key priorities is collaboration, and the RIPSTOP pilot program is a powerful example of what we can accomplish when we work together. By bringing together New York State, the City of Buffalo, the Buffalo Police Department, the Community Foundation for Greater Buffalo, and the Scott Bieler Child Advocacy Center at BestSelf, we are ensuring that at-risk youth receive the care and support they need. This initiative reflects our collective commitment to building a safer, more supportive future for the children of Buffalo.”

    Justice Center for the Protection of People with Special Needs Acting Executive Director Maria Lisi-Murray said, “We know from our work safeguarding vulnerable populations that runaway youth are particularly susceptible to trafficking, exploitation, and homelessness. They are also often reluctant to seek help from law enforcement or access critical intervention programs. The RIPSTOP pilot will help bridge those safety and communication gaps by getting youth the support they need sooner to reduce the likelihood of recurrent runaway episodes. Thank you to Governor Hochul for continuing to prioritize the safety of New York’s youth.”

    New York State Police Superintendent Steven G. James said, “Providing accessible support services to our youth is imperative for their well-being and is key to reducing the number of runaway and missing episodes. The relationship between law enforcement partners, combined with the execution of effective initiatives are essential in carrying out the mission of keeping the youth of New York State safe. I commend Governor Hochul for her continued commitment in making sure each New Yorker has the assistance available they need.”

    Office of Addiction Services And Supports Commissioner Dr. Chinazo Cunningham said, “Young people with an unstable home life are at increased risk of experiencing harm when it comes to their health, including the impacts of substance use and addiction. Programs like this support our goal to reach at-risk individuals and direct them to the services and help they need. As one of the agencies involved with the development of this pilot program, alongside our partners in state government and community stakeholders, we are looking forward to seeing the benefits that this will bring to youth in the Buffalo area.”

    Office of Victim Services Director Bea Hanson said, “Key to our mission at OVS is advocating for victims’ rights and working to ensure that systems designed to assist them are accessible and meet their needs. We are proud to partner with our sister agencies to improve state services for at-risk youth, protect them from harm and give them the support they need to thrive.”

    About the Division of Criminal Justice Services Missing Persons Clearinghouse

    The Missing Persons Clearinghouse at the State Division of Criminal Justice Services provides investigative support to local, state and national law enforcement, including cold case reviews; assists left-behind family members, and offers internet safety education programs for children and parents, among other responsibilities. Staff members have extensive experience in law enforcement, training and information technology, and the Clearinghouse accepts leads and tips about missing persons cases it has permission to publicize at [email protected] and 800-346-3543.

    About BestSelf Behavioral Health

    BestSelf Behavioral Health is the largest community-based behavioral health organization serving Western New York. It offers comprehensive services for mental health and substance use disorders. The organization serves over 41,000 individuals annually across more than 70 locations, focusing on trauma-informed care and person-centered treatment.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Councils to receive exceptional support

    Source: United Kingdom – Executive Government & Departments

    Additional support confirmed for councils in exceptional difficulty to set balanced budgets. Long-term reform underway to fix foundations of local government.

    Councils in exceptional need of help will today receive letters confirming government support to help balance their budgets. 

    30 councils in exceptional circumstances have been confirmed to receive support for the coming financial year to ensure delivery of vital public services, protecting vital community assets and promoting economic stability as committed to in the Plan for Change.  

    As part of this support package, for the first time additional expectations have been set out to protect treasured community assets, culture and identity, with councils using capitalisation instructed not to dispose of community and heritage assets.  

    Recognising the financial hardships facing the sector, earlier in the month, the government announced more than £69 billion for local government, a 6.8% cash terms increase in councils’ Core Spending Power on 2024-25 in the Final Local Government Finance Settlement. This included a new targeted £600 million Recovery Grant to help councils with greater need and demand for services.  

    Minister of State for Local Government and English Devolution, Jim McMahon OBE said:    

    We are under no illusion of the state of council finances and have been clear from the outset on our commitment to get councils back on their feet and rebuild the foundation of local government. 

    We are working with local leaders, encouraging councils to come in confidence where needed to seek help and be assured we will offer a relationship of partnership – not punishment – in our joint mission to improve public services for communities and create economic stability as set out in our Plan for Change.” 

    Our long-term commitment is to fix the foundations of local government, including reforming the outdated and inefficient funding model by bringing forward the first multi-year settlements in a decade, creating an updated and fit-for-purpose assessment of need and reforming the local audit system to provide transparency, security and stability to council finances.  

    However, there are councils in financial difficulty in need of immediate help, and a record number of councils have reached out to the government asking for Exceptional Financial Support (EFS) to help them balance their budgets this year.  

    The Exceptional Financial Support process has existed since 2020 to support councils facing unmanageable financial pressures. In line with the previous government’s approach, support is provided through a financial flexibility, known as capitalisation, where the government permits councils to treat revenue costs as capital costs and means councils can meet those costs using their existing borrowing powers or via capital receipts.  

    However, unlike previous years, where local leaders deem it necessary to borrow to support recovery, the government has removed the condition that made borrowing more expensive through a 1% premium. The government will instead work with councils on improvement and actions they can take to help manage their position to ensure value for taxpayer money.  

    To ensure financial stability and better outcomes for residents the government has consulted on how to best streamline the outdated funding model and distribute taxpayer’s money more fairly, based on an updated assessment of need, enabling every council to deliver high quality services to their communities.  

    As part of handing local leaders more power and control of their funding, the government will end outdated processes and bureaucracy of bidding for different funding pots and bring forward the first multi-year settlement in a decade in 2026-27 to provide certainty and economic security to councils setting budgets.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Chancellor backs Britain’s financial services to drive development and kickstart economic growth

    Source: United Kingdom – Executive Government & Departments

    Rachel Reeves urges financial industry leaders to seize growth opportunities in emerging markets, creating new business for British firms and boosting trade links with fast-growing economies, delivering on the government’s Plan for Change.

    • Chancellor launches coalition to improve sustainable sovereign debt financing to developing economies, shoring up London’s position as development finance leader amid growing global uncertainty

    • Reeves aims to boost private capital mobilisation for development ahead of her attendance of the European Bank for Reconstruction and Development’s annual meeting on 13-15 May in London

    In Canary Wharf today (20 February) the Chancellor met with some of the UK’s biggest financial services firms such as Aviva, HSBC and Schroders and urged them to work with development institutions including the European Bank for Reconstruction and Development (EBRD) and British International Investment. To go further and faster in delivering the government’s Plan for Change and put more money in people’s pockets, the Chancellor encouraged firms to seize investment opportunities in emerging markets for Britain’s brightest and best companies.

    Co-hosting a roundtable with Odile Renaud-Basso, president of the EBRD, the Chancellor launched the “London Coalition on Sustainable Sovereign Debt”. This will be co-chaired by the Economic Secretary to the Treasury, Emma Reynolds.

    The Coalition will bring together government and private sector stakeholders to find innovative solutions to more sustainable sovereign debt financing in developing economies.

    Promoting orderly and transparent debt restructuring and more resilient borrowing will mean that emerging economies can make progress meeting their climate and development targets. The Coalition capitalises on London’s financial services expertise and will help cement its position as a global leader in development finance, in turn supporting economic activity and financing investment across the country. Investing in emerging markets themselves can boost UK growth by creating new opportunities for British businesses in areas such as financial services, and boost trade ties with fast-growing economies amid an increasingly uncertain global environment.

    Chancellor of the Exchequer, Rachel Reeves said:

    Business and government must work together to seize opportunities in emerging markets and kickstart economic growth as part of our Plan for Change.

    Today’s roundtable shows how the UK’s world-leading financial centre can help countries unlock new opportunities for our brightest and best British companies to create wealth and drive growth.

    President of the European Bank for Reconstruction and Development Odile Renaud-Basso said:

    Mobilising private capital is key to meeting global development needs. I’m delighted to co-host UK business leaders with the Chancellor to discuss how multilateral banks like the EBRD can help channel further financing to emerging markets. By joining forces, we aim to deliver the much-needed impact for developing countries while creating new opportunities for businesses from developed economies.

    The Chancellor and Renaud-Basso also signed a Memorandum of Understanding setting out cooperation on the EBRD annual meeting and business forum in London, which will be held from 13 to 15 May this year.

    The Chancellor will attend the bank’s first annual meeting in London since 2016 where it will see governors approve the bank’s next 5-year strategy and highlight opportunities for UK businesses to work with the EBRD in its key markets such as Ukraine, Poland and Turkey.

    Reeves and Renaud-Basso discussed with business leaders how to create the right environment for investment. This is being done at home, for example through reforms to the pensions system which could unlock around £80 billion in productive investment and the launch of the Transition Finance Council led by Lord Alok Sharma. It is also key to work overseas, where British International Investment and UK-backed programmes including MOBILIST and the Private Infrastructure Development Group have unlocked billions in private investment for climate and development around the world. A new Institutional Investor Taskforce will advise government and institutional investors on how they can work together to open up even more of this much-needed investment and establish London as the world’s leading climate and development finance hub.

    Reeves outlined the UK’s growth priorities, both at home and abroad, and highlighted the financing tools and instruments to help achieve this such as the National Wealth Fund, which is expected to mobilise over £70 billion in private investment into the high-growth industries of the future. Reeves also underscored the importance of multilateral development banks in helping to mobilise private capital, through working together more effectively as a system and with the private sector.

    As the largest institutional investor in Ukraine, the EBRD has also been working with the UK government to support Ukraine’s resilience and recovery. In December, the UK confirmed its participation in a EUR 4bn capital increase which will unlock billions each year to support critical sectors of Ukraine’s economy. The EBRD and Aon also launched an innovative $110m war insurance facility with UK support in the same month to rebuild the country’s insurance market.

    Elsewhere, the EBRD invests in 36 economies across three continents including in Central, Eastern and Southern Europe, Central Asia and North Africa. This year it will also begin operations in sub-Saharan Africa.

    The roundtable comes ahead of the Chancellor’s visit to Cape Town, South Africa, next week to attend the G20 Finance Ministers and Central Bank Governors meeting. She will be advocating for the UK’s Growth Mission on the global stage and championing how private capital and the role of the City will kickstart economic growth and raise living standards around the world.

    Baroness Shriti Vadera, Chair of Prudential PLC and Co-Chair of the World Bank Private Sector Investment Lab, said:

    It is critical for governments, international financial institutions, and the private sector to work together to mobilise, at scale and pace, greater levels of finance for climate and development where it is most needed – in emerging and developing markets. I particularly welcome the focus today on practical steps to develop and deploy risk-sharing and blended financial instruments.

    Dame Elizabeth Corley, Chair of Schroders PLC, said:

    I firmly believe asset managers play a key role in crowding in private capital and unlocking it at scale in emerging markets. Schroders, with its impact pioneer BlueOrchard, is eager to share our expertise in blended finance and impact investing to overcome barriers to private sector investment, redressing some of the world’s biggest challenges like climate change and inequality.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: CWA to FCC: Stop AT&T’s Plans to Abandon Rural America

    Source: Communications Workers of America

    WASHINGTON, D.C. – The Communications Workers of America (CWA) union has filed comments with the Federal Communications Commission opposing AT&T’s application to discontinue landline telephone service in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Michigan, Missouri, Mississippi, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Wisconsin. CWA is calling on the FCC to counterbalance the company’s focus on maximizing profits over the public interest.

    AT&T’s proposal would enable the telecommunications provider to exit 250,000 square miles of rural communities across 18 states, or fifty percent of AT&T’s historic footprint. While AT&T would continue to provide service to more populated, profitable areas, the “mobile first” proposal would put rural communities last, with lower quality and less reliable connectivity options.

    “While AT&T’s corporate executives and investors are insulated from the impact of these cuts on the communities they serve, frontline workers bear the brunt of customers’ frustration with poor service quality, long wait times, and other harms from understaffing and outsourcing of critical functions,” wrote CWA President Claude Cummings Jr. in his comments filed with the FCC.

    Ending service over AT&T’s copper network without upgrading to fiber will leave communities with limited and inferior options. Fiber is sustainable, scalable, and renewable. It offers greater capacity, predictable performance, lower maintenance costs, and a longer technological lifetime than coaxial cable, satellite, and fixed wireless technologies. An engineering analysis of fixed wireless technologies by consulting firm CTC Technology and Energy concludes that “fiber represents the most fiscally prudent expenditure of public funds in most circumstances because of its longevity and technical advantages.”

    AT&T’s abandonment of rural America leaves the government to shoulder the burden of providing affordable service to all residents. The industry-driven deregulation of communications services has allowed telecommunications companies to select their own service areas. In recent years, AT&T has allowed its rural network to deteriorate, focusing on deploying fiber in densely populated areas that can yield a high profit margin.

    AT&T has prioritized shareholder returns over investment in its network and workforce. On the same day the company announced plans to retire the “large majority” of its copper-based network by 2029, it also said that it expects to return over $40 billion to shareholders over the next three years through stock buybacks and dividends. To fulfill its universal service mandate, CWA urged the FCC to push AT&T to invest in fiber deployment beyond what the company might otherwise choose to pursue.

    CWA represents workers in telecommunications, media, technology, public service, manufacturing, airlines, video games, and other fields, including tens of thousands of workers at AT&T.

    ###

    About CWA: The Communications Workers of America represents working people in telecommunications, customer service, media, airlines, health care, public service and education, manufacturing, tech, and other fields.

    cwa-union.org @cwaunion

    MIL OSI USA News –

  • MIL-OSI Security: 29 Plead Guilty to Conspiracy to Commit Wire Fraud in $5M COVID Fraud Investigation

    Source: Office of United States Attorneys

    COLUMBIA, S.C. —Twenty-Nine out of 31 indicted defendants have pleaded guilty in a five-year investigation into a scheme to fraudulently obtain COVID-19 unemployment benefits led by SCDC inmates along with family members and friends outside the prison system.

    Evidence presented in court revealed that incarcerated inmates harvested personal information, such as social security numbers and dates of birth, from other inmates and used the information to apply for COVID unemployment benefits in the names of those inmates as well as themselves. Some inmates provided their details willingly to the named defendants in exchange for a portion of the proceeds derived from the unemployment benefits. Other inmates had no knowledge that unemployment benefits were being applied for on their behalf. The incarcerated defendants also obtained the information of unwitting individuals outside of the Department of Corrections using various extortion schemes.

    One of the primary schemes utilized by the defendants was known as “Johning.” Using contraband cellphones within the Department of Corrections, inmates posed as younger males or females and lured individuals to send them nude or compromising photos. After obtaining the photos, the inmates used a second line feature on their contraband cell phones and contacted the victim posing as law enforcement. The inmates then extorted the victims into sending them money and/or photos of their social security cards and driver’s license.

    After the defendants applied for unemployment benefits in the names of the extortion victims and Department of Corrections inmates, the benefits were diverted to the incarcerated defendants with the assistances of the non-incarcerated defendants. The non-incarcerated defendants received government checks and prepaid Visa debit cards in the mail. The non-incarcerated defendants then utilized ATM withdrawals, wire transfers, and mobile banking applications such as Zelle, Venmo, Green Dot, and Cash App to make the proceeds available to the incarcerated defendants.

    The indictment alleges the named defendants submitted COVID-19 unemployment applications in multiple states. Fraudulent benefit applications were filed in South Carolina, Pennsylvania, North Carolina, Nevada, New Jersey, Missouri, Arizona, and California. In total, the fraudulent scheme resulted in a loss of approximately $4,996,673.00 to the United States Government. 

    “This extensive fraud scheme exploited and misused individuals’ personal information, some unknowingly, for financial gain at the expense of American taxpayers,” said Acting U.S. Attorney Brook B. Andrews for the District of South Carolina. “The individuals involved showed a complete disregard for the law and used deception, manipulation, and extortion to unlawfully obtain nearly $5 million in unemployment benefits. Our agencies remain committed to holding those responsible accountable and ensuring that such fraudulent schemes do not undermine public trust in vital government programs.”

    “Inmates using this brazen scheme stole millions of dollars from an effort to help everyday Americans survive the COVID-19 pandemic,” SCDC Director Bryan Stirling said. “It is shameful, and the taxpayers deserve better. I am grateful to everyone involved in bringing these defendants to justice.”

    Each defendant faces a maximum penalty of 20 years in federal prison, a fine of up to $250,000, restitution, and three years of supervision to follow the term of imprisonment.  United States District Sherri A. Lydon has accepted 29 guilty pleas and handed down sentences for 14 of the defendants thus far. The remaining defendants will be sentenced after the court receives and reviews a sentencing report prepared by the U.S. Probation Office. One defendant, Jessica Ann Howell, passed away and another defendant, Christine Hankins, remains at large as a fugitive.

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

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

    This case was investigated by the United States Secret Service, the South Carolina Department of Corrections, and the South Carolina Law Enforcement Division. Assistant U.S. Attorneys Winston Holliday and Scott Matthews are prosecuting the case.

    ###

    MIL Security OSI –

  • MIL-OSI: Saudi Arabia Clinical Trials Market Report Insight On Active Clinical Trials By Indication Phase

    Source: GlobeNewswire (MIL-OSI)

    Delhi, Feb. 20, 2025 (GLOBE NEWSWIRE) — Saudi Arabia Clinical Trials Market, Ongoing Clinical Trials By Company, Indication, Phase & Regulations Insight 2025 Report Highlights:

    • Saudi Arabia Clinical Trials Market Opportunity: US$ 200 Million
    • Comprehensive Insight On Clinical Trials Studies In Saudi Arabia : > 400 Studies
    • Clinical Trials Studies By Indication, Phase & Sponsor
    • Regulatory Framework & Clinical Trials Guidelines
    • Insight On Domestic CRO Operating In Saudi Arabia: 15 CRO
    • Overview On Existing Healthcare Infrastructure & Medical Professionals Like Doctors, Dentist, Nurses

    Download Report: https://www.kuickresearch.com/report-saudi-arabia-clinical-trials-market

    Saudi Arabia’s clinical trial landscape is rapidly evolving, positioning the country as an emerging hub for research and development in the Middle East. With a strong regulatory framework, expanding healthcare infrastructure, and an increasing focus on innovation, Saudi Arabia is determined to play a more significant role in the global clinical trials ecosystem. The country is making concerted efforts to attract pharmaceutical companies, researchers, and investors to establish a robust presence in the global clinical trial landscape, capitalizing on the opportunities presented by a well-regulated and high-potential healthcare market.

    One of the driving forces behind this ambition is the growing recognition of Saudi Arabia’s strategic position as a gateway to the region’s emerging healthcare markets. With a highly centralized healthcare system, the country provides easy access to a well-established network of hospitals and research centers, such as the King Abdullah International Medical Research Center (KAIMRC), King Faisal Specialist Hospital & Research Centre, King Fahad Medical City, and King Khalid University Hospital. These institutions are at the forefront of clinical research and play a pivotal role in conducting trials. Their state-of-the-art facilities and research capabilities make them attractive partners for international pharmaceutical companies looking to expand their clinical trial operations in the Middle East.

    Saudi Arabia is increasingly becoming a key player in various therapeutic areas, particularly oncology, endocrinology/metabolism, cardiology, and infectious diseases. These areas are among the most studied in the country, driven by both local healthcare needs and global demand for innovative treatments. Oncology, in particular, has seen substantial research efforts due to the rising incidence of cancer in the region, prompting pharmaceutical companies to sponsor a significant number of studies. The focus on endocrinology/metabolism and cardiology aligns with the country’s efforts to tackle the growing prevalence of chronic diseases, such as diabetes and cardiovascular conditions. Additionally, Saudi Arabia’s strategic location in the Middle East allows it to be a key player in research related to infectious diseases, which are particularly relevant in the context of global public health crises.

    The Saudi government’s continued investment in healthcare infrastructure and the presence of world-class research facilities have fueled an impressive surge in clinical trials. The Ministry of National Guard-Health Affairs (MNG-HA), which oversees some of the country’s most advanced hospitals and research centers, is leading the charge in facilitating clinical research. MNG-HA hospitals are equipped with extensive patient databases, providing an invaluable resource for clinical trial recruitment. The country’s ongoing national initiative to consolidate patient databases and streamline access to these resources is positioning Saudi Arabia as an attractive destination for clinical trials. In particular, KAIMRC’s stem cell registry and biobank are noteworthy, offering a comprehensive repository of biological samples that could prove to be a goldmine for pharmaceutical companies interested in conducting trials with diverse and high-quality participant pools.

    Despite the country’s rapid progress in clinical trials, there are still challenges to overcome, particularly in terms of commercialization and patenting. While academic research and clinical studies are thriving, the translation of these efforts into patents and commercialized products remains limited. Saudi Arabia has made strides in strengthening intellectual property laws and fostering innovation, but the process of patenting and bringing research to market has been slower than anticipated. However, efforts are underway to address this gap, with the government prioritizing initiatives that support the commercialization of research and the growth of the biopharmaceutical sector.

    Overall, Saudi Arabia’s clinical trial landscape is full of promise. The country’s strategic investments in healthcare infrastructure, research, and patient databases make it an attractive destination for global pharmaceutical companies. As the regulatory framework continues to evolve and the nation’s commitment to clinical research grows, Saudi Arabia is on track to become a key player in the global clinical trials market. With a focus on expanding clinical research in areas such as oncology, cardiology, and infectious diseases, the country has the potential to significantly contribute to global healthcare advancements in the coming years.

    The MIL Network –

  • MIL-OSI Video: Adam Grant introduces the Reskilling Revolution #Davos2025 #WorldEconomicForum #AdamGrant

    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=7xrFLZtAxRo

    MIL OSI Video –

  • MIL-OSI USA: February 20th, 2025 Heinrich, Schatz Lead Colleagues in Demanding Trump’s DHS Immediately End Wrongful ICE Searches & Harassment of Tribal Members, Uphold U.S. Trust and Treaty Responsibility with Tribal Nations

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich
    WASHINGTON — U.S. Senators Martin Heinrich (D-N.M.) and Brian Schatz (D-Hawaii), Vice Chairman of the Senate Indian Affairs Committee, led 13 of their Democratic colleagues in demanding that the U.S. Department of Homeland Security (DHS) uphold the United States’ trust and treaty responsibility with Tribal nations and their citizens by ending wrongful searches and interrogations of Tribal members.
    In the letter, the lawmakers raise concern over reports of Immigration and Customs Enforcement (ICE) agents stopping and harassing United States-born citizens on suspicion of being undocumented migrants since President Trump issued an Executive Order seeking to terminate birthright citizenship. These incidents have stoked fear and panic for many Tribal citizens living on and off reservation lands.
    “Whether it is simple ignorance or worse — outright disrespect for and harassment of Tribal citizens — ICE’s law enforcement tactics reflect an abdication of U.S. trust and treaty responsibility with Tribal nations and their citizens, and cannot stand,” the senators wrote in a letter to DHS Secretary Kristi Noem.
    The senators requested that DHS consult with Tribes and issue guidance on what forms of identification are acceptable as valid proof of United States citizenship, including Tribal government-issued identification. They also urged DHS to issue internal guidance for ICE agents on how to lawfully engage with federally recognized Tribes and their citizens, including on Tribal lands.
    “Accordingly, we ask that the Department issue guidance and training to ICE agents on forms of Tribal identification that are acceptable as proof of United States citizenship (alone or in tandem with other documents). We also ask that your Department communicate and consult with Tribal governments to ensure they are given timely and accurate information to inform and protect their Tribal citizens from unnecessary searches, interrogation, and detention related to immigration enforcement efforts,” the senators continued. 
    The senators also pressed Secretary Noem to answer the following questions:
    Does ICE policy accept of Certificates of Indian Blood (CIBs), Tribal enrollment, or other Tribal identification documents as valid proof of United States citizenship?
    If yes, please provide a full description of these policies and how they are communicated within your Department, and with Tribal governments.
    If no, please clarify what information needs to be present on Tribally-issued identification documents for those to be accepted as valid proof of United States citizenship.

    What training are ICE agents given about different forms of valid identification and documentation of United States citizenship for enrolled members of federally recognized Tribes, including CIBs, Tribal enrollment, or other Tribal identification?
    What training are ICE agents, and other law enforcement personnel in your Department, given about interactions with citizens of federally recognized Tribes?
    What specific corrective actions are you taking to ensure that the rights of United States-born Tribal citizens, as American citizens, are being upheld and respected by your Department?
    How does ICE justify the use of taxpayer dollars and its limited resources to conduct enforcement actions involving United States-born citizens of federally recognized Tribes?
    What has been the estimated cost of ICE enforcement actions within reservation boundaries thus far?  Will ICE enforcement actions occur within community locations such as schools, hospitals, clinics, and religious institutions that are on Tribal lands, including trust land, restricted fee, and fee simple lands, or located off of Tribal lands? 
    What implications do ICE enforcement actions have for Tribal nations whose historic lands transcend the U.S.-Mexico and U.S.-Canada borders, including Tribes with members living in Mexico or Canada and/or having transborder migratory privileges using special identification documents, such as the Tohono O’odham Nation and the Kickapoo Traditional Tribe of Texas?  What will ICE do to ensure that tribal members residing in Mexico or Canada are not inappropriately detained as a result of these enforcement actions?  And how is ICE educating its agents about the access guaranteed in the Jay Treaty to the United States for Canadian First Nations members for cultural, trade, and other purposes?
    The letter was led by U.S. Senators Martin Heinrich (D-N.M.) and Brian Schatz (D-Hawaii). The letter was signed by U.S. Senators John Hickenlooper (D-Colo.), Ben Ray Luján (D-N.M.), Kirsten Gillibrand (D-N.Y.), Jeff Merkley (D-Ore.), Michael Bennet (D-Colo.), Patty Murray (D-Wash.), Ron Wyden (D-Ore.), Alex Padilla (D-Calif.), Angus King (I-Maine), Catherine Cortez Masto (D-Nev.), Tim Kaine (D-Va.), Tina Smith (D-Minn.), and Mark Warner (D-Va.).
    The text of the letter is here and below:
    Dear Secretary Noem:
    We write to express our growing concern over reports that, since President Trump issued the Executive Order on birthright citizenship, United States-born citizens of federally recognized Tribes have been stopped and questioned by Immigration and Customs Enforcement (ICE) agents on suspicion of being undocumented migrants.  These incidents have stoked fear and panic for many Tribal citizens living on and off reservation, resulting in at least one Tribal government issuing its own guidance and standing up a citizen hotline to report incidents and receive assistance. Whether it is simple ignorance or worse — outright disrespect for and harassment of Tribal citizens – ICE’s law enforcement tactics reflect an abdication of U.S. trust and treaty responsibility with Tribal nations and their citizens, and cannot stand. 
    Accordingly, we ask that the Department issue guidance and training to ICE agents on forms of Tribal identification that are acceptable as proof of United States citizenship (alone or in tandem with other documents).  We also ask that your Department communicate and consult with Tribal governments to ensure they are given timely and accurate information to inform and protect their Tribal citizens from unnecessary searches, interrogation, and detention related to immigration enforcement efforts.
    Both Congress, exercising its plenary authority over Indian Affairs, and the United States Supreme Court have established that Indians born in the United States are United States citizens. Indians may also be citizens of federally-recognized Tribes, making them dual citizens of both the United States and their Tribal nations.  As such, Tribal citizens may possess multiple forms of identification, including Tribal government-issued identification, such as enrollment cards and Certificates of Indian Blood (CIB), and state-issued or federally-issued identification.  However, it is not uncommon for Tribal citizens to only carry their Tribal government-issued identification, which is often accepted as valid proof of United States citizenship for purposes of federal benefits.
    In addition to consulting with, and issuing guidance for, Tribes on what forms of identification ICE will accept as valid proof of United States citizenship, including Tribal identification, we also request that your Department issue internal guidance for ICE agents on how to lawfully engage with federally recognized Tribes and their citizens, including on Tribal lands. Lastly, we request that you reply, in detail, to the following questions:
    Does ICE policy accept of Certificates of Indian Blood (CIBs), Tribal enrollment, or other Tribal identification documents as valid proof of United States citizenship?
    If yes, please provide a full description of these policies and how they are communicated within your Department, and with Tribal governments.
    If no, please clarify what information needs to be present on Tribally-issued identification documents for those to be accepted as valid proof of United States citizenship.

    What training are ICE agents given about different forms of valid identification and documentation of United States citizenship for enrolled members of federally recognized Tribes, including CIBs, Tribal enrollment, or other Tribal identification?
    What training are ICE agents, and other law enforcement personnel in your Department, given about interactions with citizens of federally recognized Tribes?
    What specific corrective actions are you taking to ensure that the rights of United States-born Tribal citizens, as American citizens, are being upheld and respected by your Department?
    How does ICE justify the use of taxpayer dollars and its limited resources to conduct enforcement actions involving United States-born citizens of federally recognized Tribes?
    What has been the estimated cost of ICE enforcement actions within reservation boundaries thus far?  Will ICE enforcement actions occur within community locations such as schools, hospitals, clinics, and religious institutions that are on Tribal lands, including trust land, restricted fee, and fee simple lands, or located off of Tribal lands?
    What implications do ICE enforcement actions have for Tribal nations whose historic lands transcend the U.S.-Mexico and U.S.-Canada borders, including Tribes with members living in Mexico or Canada and/or having transborder migratory privileges using special identification documents, such as the Tohono O’odham Nation and the Kickapoo Traditional Tribe of Texas?  What will ICE do to ensure that tribal members residing in Mexico or Canada are not inappropriately detained as a result of these enforcement actions?  And how is ICE educating its agents about the access guaranteed in the Jay Treaty to the United States for Canadian First Nations members for cultural, trade, and other purposes?
    We ask that your response include documentation of all Department policies and practices related to the questions above by March 4, 2025, along with evidence of any actions your Department is taking to communicate and consult with Tribes on ICE enforcement efforts, both on and off of Tribal lands.
    Sincerely,

    MIL OSI USA News –

  • MIL-OSI: Haffner Energy and ATOBA Energy collaborate to unlock the SAF value chain and scale the market

    Source: GlobeNewswire (MIL-OSI)

    This strategic partnership secures long-term offtake agreements, unlocking financing and accelerating the scale-up of SAF production.               

     

    Vitry-le-François, France / Lyon, France (February 20, 2025, 6:00pm CEST)

    Haffner Energy, a leading solid biomass-to-clean fuels solutions provider, and ATOBA Energy, a SAF aggregator committed to unlocking the Sustainable Aviation Fuel (SAF) value chain by solving the financial dilemma between producers and final offtakers, are joining forces to accelerate the development of SAF projects and facilitate their financing, they announced today.

    France-based Haffner Energy relies on its 31-year experience to design, manufacture, supply, license, and operate proprietary disruptive clean fuels solutions, including critical technology for SAF production, using all types of biomass residues wet or dry, such as agricultural and municipal waste. The company has already announced the development of a couple of SAF projects, notably Paris-Vatry SAF in France, where full scale production is expected to be reached by 2030 when the next stage of the European SAF mandate kicks in. Partnering with SAF aggregator ATOBA will significantly enhance SAF offtake then.

    “We are particularly excited about this partnership with ATOBA, as it will facilitate the financing of our SAF projects, starting with Paris-Vatry. One of the most crucial challenges in securing financing for SAF production facilities is the ability to obtain offtake contracts that guarantee the purchase of SAF at a stable, price for periods exceeding five years. The key advantage provided by ATOBA is that it offers this guarantee while significantly reducing risks and commitments for airline clients. This will facilitate and accelerate their engagement in SAF procurement. As such, it is a win-win model for all stakeholders and we are extremely pleased that ATOBA has identified us as a strategic and unique player in the SAF ecosystem”, said Haffner Energy co-founder and CEO Philippe Haffner.

    Indeed, the SAF market is facing challenges in expanding at the rate demanded by environmental needs and regulatory mandates. While producers need long-term, stable pricing contracts to amortize their investments, airlines seek assurance of optimum market prices in the context of a still-immature industry with diverse competing technologies. This conflict of expectations currently hinders the development of SAF production projects, and ATOBA’s unique business model brings the solution.

    “We are delighted to launch an offtake agreement with Haffner Energy, a company that has demonstrated for decades the quality and robustness of its biomass transformation technological and industrial solutions. Haffner Energy plays a key role in unlocking second-generation feedstocks, which are essential for both Alcohol-to-Jet and Gas Fischer-Tropsch SAF pathways. At ATOBA, we strongly believe that a variety of technologies and pathways are required to meet our aviation decarbonization targets, as the best production route and feedstock depend on the specific regional characteristics. Having Haffner Energy in our portfolio of SAF producers is an essential brick in our aggregation strategy, reinforcing our ability to provide diversified, reliable, and scalable SAF solutions to the market”, highlighted ATOBA Energy co-founder and CEO Arnaud Namer.

    Also based in France, ATOBA uniquely unlocks the SAF financial stalemate through its upstream and downstream SAF offtake portfolio management. By offtaking from diversified producers and technologies like Haffner Energy, ATOBA mitigates technological and pricing risks associated with the various SAF production pathways, and enables the closing of long-term offtake agreements among airlines, jet-fuel distributors, SAF producers, and financial institutions, which are essential for scaling the industry.

     

    About Haffner Energy

    Haffner Energy designs, manufactures, supplies, and operates biofuel and hydrogen solutions using biomass residues. Its innovative, patented thermolysis technology produces Logo Blue ATOBA Energy – small Sustainable Aviation Fuel, as well as renewable gas, hydrogen, and methanol. The company also contributes to regenerating the planet through the co-production of biogenic CO2 and biochar. A family-owned company co-founded 32 years ago by Marc and Philippe Haffner, Haffner Energy has been working from the outset to decarbonize industry and all forms of mobility, as well as governments and local communities. Further information is available at www.haffner-energy.com.

     

    About ATOBA Energy

    ATOBA is the midstream Sustainable Aviation Fuel (SAF) aggregator focused on accelerating the aviation industry’s energy transition through solving the financial dilemma between airlines and producers. ATOBA provides long-term SAF contracts to airlines and jet-fuel resellers at optimized market SAF pricing indexes. The company brings high security and competitiveness to the SAF supply chain for its airline partners via offtake from diversified producers and technologies, as well as best-in-class sector expertise. Simultaneously, ATOBA’s aggregation strategy allows the SAF industry to scale by providing producers with long-term offtake agreements that support their Final Investment Decisions for their  SAF production plants. Further information is available at www.atoba.energy

     

    Media relations

    Haffner Energy laetitia.mailhes@haffner-energy.com  tel. +33 (0)6 07 12 96 76

     ATOBA Energy press@atoba.energy  tel. +33 (0)6 11 65 92 74

    Investor relations

    Haffner Energy investisseurs@haffner-energy.com 

    ATOBA Energy investors@atoba.energy tel. +1 310 874 7871    

     

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: The UK has information that Proxies directed by the Russian state have plans to interfere with CAR elections: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Statement by Ambassador James Kariuki, UK Deputy Permanent Representative to the UN, at the UN Security Council meeting on the Central African Republic.

    President, like others I extend condolences to the fallen Tunisian peacekeeper’s family, and express our gratitude for the personal sacrifices that peacekeepers and their families make in support of peace.

    We condemn all attacks on UN peacekeepers.

    I will make three points today.

    First, the UK welcomes the work by the government of CAR, in coordination with MINUSCA, to advance voter registration for elections. 

    The elections should be an important milestone in expanding the political participation of all individuals in CAR.

    However, the UK has information that Proxies directed by the Russian state have plans to interfere with CAR elections, including through suppressing political voices and conducting disinformation campaigns to interfere in political debate. 

    These actions demonstrate that Russian proxies act without regard for CAR’s sovereignty in order to secure continued support for their destabilising objectives. 

    Furthermore, they jeopardise the dedicated UN role, mandated by this Council, to help support inclusive, free and fair elections in 2025 and 2026.

    Second, the UK also welcomes progress by the government of CAR to improve its security and accountability capacity. 

    This includes delivering the first disciplinary sanctions against magistrates since 2013.

    However, as the Secretary-General’s report highlights, CAR faces many security challenges. 

    Attacks by Sudanese Rapid Support Forces in CAR threaten progress made in implementing the 2019 Political Agreement. 

    The UK calls on all actors to respect CAR’s territorial integrity. 

    We also encourage the government of CAR to enhance border management with Sudan to support refugees and prevent their exploitation by armed elements.

    Third, we remain concerned at the human rights situation in the country. 

    The UK condemns reports of ‘Wagner Ti Azande’ and other armed groups committing atrocities against civilians, including conflict-related sexual violence. 

    Grave violations against children are also increasing. 

    We urge the government of CAR to enhance their efforts to identify recruited children and secure their handover to child protection actors. 

    We also call on all actors to the conflict to uphold their obligations under International Humanitarian and Human Rights Law.

    President, to conclude, the coming year will be important for supporting peace and security in CAR, including through elections. 

    The UK remains committed to supporting MINUSCA and the government of CAR to embed genuine long-term security while preserving CAR’s sovereignty.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Do your taxes, get benefits

    Source: Government of Canada regional news

    Every year, thousands of people in B.C. leave money on the table by not claiming the benefits for which they are eligible.

    It’s estimated that more than one in 10 eligible people in Canada do not file their taxes and nearly one-quarter are young people, 18-24. By filing, most people can get money back or their taxes reduced.

    An estimated one in five renters don’t file their taxes, though many could receive support through B.C.’s renter’s tax credit. This provides as much as $400 for renters with adjusted incomes up to $63,000, or a partial credit for adjusted incomes up to $83,000. To claim the renter’s credit, people should fill out Form BC479 British Columbia Credits when doing income tax returns.

    Depending on family income, people are automatically enrolled for many benefits and credits when they file their taxes. These include the B.C. family benefit and the climate-action tax credit.

    The B.C. family benefit is deposited in eligible families’ bank accounts around the 20th of each month. The average family receives an annual total of $2,000 from the B.C. family benefit and the one-year BC Family Benefit Bonus, which lasts until June 2025. Approximately 275,000 families with children receive support through the benefit.

    The climate-action tax credit for individuals and families can provide a family of four as much as $1,008 for the 2024-25 tax year. More than two million families and individuals will receive more than the 2023-24 tax year.

    Help is available to find benefits and credits, and to help people prepare their taxes.

    B.C.’s Benefits Connector includes information about supports, including tax credits and benefits. It also includes help for renters and homeowners, supports for business owners, and ways to save on health care, transportation and education.

    For people with simple tax situations, volunteers at a free tax clinic can help with tax returns. The federal government hosts an online directory with information about where to go for help.

    One in five people living on very low income don’t file their taxes, missing out on getting benefits and credits that can help. Consider visiting a free tax clinic and using the B.C. Benefits Connector to get some support in 2025.

    Quick Facts:

    • Canadians missed out on almost $2 billion in unclaimed benefits in 2015, according to a 2020 report published in Canadian Public Policy.
    • Men are more likely than women to not file.
    • It is estimated that almost one-fifth of people who have lived in Canada for less than 10 years don’t file their taxes.
    • Service BC guides people through provincial programs and services.
      • Call 1 800 663-7867 for help available in more than 220 languages.

    Learn More:

    Explore available benefits like the B.C. family benefit, the climate-action tax credit and the renter’s tax credit by visiting the B.C. Benefits Connector here: https://www2.gov.bc.ca/gov/content/home/benefits

    For information about free tax clinics, visit: https://www.canada.ca/en/revenue-agency/campaigns/free-tax-help.html

    MIL OSI Canada News –

  • MIL-OSI: Coface : 2024 results: net income at €261.1m, up 8.6%, and proposed dividend at €1.40

    Source: GlobeNewswire (MIL-OSI)

    2024 results: net income at €261.1m, up 8.6%, and proposed dividend at €1.40

    Paris, 20 February 2025 – 17.35

    • Turnover: €1,845m, down -0.6% at constant FX and perimeter and down -1.3% on a reported basis
      • Trade credit insurance revenue decreased by -2.2% at constant exchange rates, with slightly positive customer activity in Q4-24
      • Client retention is still high at 92.3% but down slightly from 2023 records; pricing remained negative at -1.4%, in line with historical trends
      • Business information once again recorded double-digit growth (+16.3% at constant FX); factoring stabilised at +0.3% with solid growth in Q4-24
    • Net loss ratio at 35.2%, improved by 2.5 ppts; net combined ratio at 65.5%, up 1.2 ppt
      • Gross loss ratio at 33.4%, improved by 2.4 ppts with still high opening year reserving and high reserve releases
      • Net cost ratio increased by 3.6 ppts to 30.2%, reflecting slightly lower revenues and continued investment, in line with our strategy
      • Net combined ratio in Q4-24 at 68.7%, up 9.7 ppts due to a higher net cost ratio and a very low combined ratio in Q4-23 (59.0%)
    • Net income (group share) of €261.1m, up +8.6%, of which €53.4m in Q4-24, the highest annual figure since the adoption of IFRS 17. Annualised RoATE1at 13.9%
    • Coface continues to be backed by a solid balance sheet:
      • Estimated solvency ratio at ~196%2, above the upper end of target range (155% to 175%)
      • Proposal to distribute3 a dividend per share of €1.40 representing an 80% pay-out ratio
      • Earnings per share reached €1.75
    • Coface signed the acquisition of Cedar Rose, strengthening its capabilities in information services in the Middle East and Africa
    • Gonzague Noël has been appointed as Group Chief Operating Officer (COO)

    Unless otherwise indicated, change comparisons refer to the results as at 31 December 2023

    Xavier Durand, Coface’s Chief Executive Officer, commented:
    “2024 was marked by the launch of our Power the Core strategic plan which is deliberately focused on innovation.
    In an environment characterised by weak economic growth, a decrease of our clients’ activity and an increase in the number of bankruptcies, the discipline of our underwriting enabled us to contain the increase in the combined ratio, which rose moderately to 65.5%. Finally, we benefited from the repositioning of our investment portfolio to achieve a return on average tangible equity of 13.9%, above our mid-cycle targets. The net income of €261m marked the highest level since the transition to IFRS 17.
    All these achievements would not have been possible without the engagement of our employees.
    These good results and solid solvency ratio of 196% allow us to propose the payment of a dividend of €1.40 per share to the Shareholders’ meeting.”

    Key figures at 31 December 2024

    The Board of Directors of COFACE SA approved the consolidated financial statements at 31 December 2024 at its meeting of 20 February 2025. The Audit Committee at its meeting on 18 February 2025 also previously reviewed them. Accounts are non-audited, certification is in progress.

    Income statements items in €m 2023 2024 Variation % ex. FX*
    Insurance revenue 1,559.1 1,512.9 (3.0)% (2.2)%
    Services revenue 309.2 331.9 +7.4% +7.4%
    REVENUE 1,868.2 1,844.8 (1.3)% (0.6)%
    UNDERWRITING INCOME/LOSS AFTER REINSURANCE 395.4 368.7 (6.8)% (5.3)%
    Investment income, net of management expenses, excluding finance costs 12.4 91.7 638.0% 595.7%
    Insurance Finance Expenses (40.0) (42.5) 6.4% 12.9%
    CURRENT OPERATING INCOME 367.9 417.9 +13.6% +12.8%
    Other operating income / expenses (5.0) (8.6) 74.5% 74.2%
    OPERATING INCOME 362.9 409.2 +12.8% +12.0%
    NET INCOME (GROUP SHARE) 240.5 261.1 +8.6% +6.3%
             
    Key ratios 2023 2024 Variation
    Loss ratio net of reinsurance 37.7% 35.2% (2.5)% ppts
    Cost ratio net of reinsurance 26.6% 30.2% 3.6% ppts
    COMBINED RATIO NET OF REINSURANCE 64.3% 65.5% 1.2% ppt
             
    Balance sheet items in €m 2023 2024 Variation
    Total equity (group share) 2,050.8 2,193.6 +7.0%
    Solvency ratio 199% 196%1         -3 ppt

    * Also excludes scope impact

    1This estimated solvency ratio constitutes a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.

    1.   Turnover

    In 2024, Coface recorded a consolidated turnover of €1,844.8 million, down by -0.6% at constant FX and perimeter compared to 2023. As reported (at current FX and perimeter), turnover was down -1.3%.

    Revenue from insurance activities (including bonding and Single Risk) fell -2.2% at constant FX and perimeter, although the year ended on a slightly more positive note (Q4-24 revenue from insurance activities rose +3.7% and total revenue increased +4.3%). Client retention remains high at 92.3% (but down from the record level in 2023), in a competitive market where Coface implemented risk mitigation plans that impacted renewals at the beginning of the year. New business rose to €126m, up €9m compared to 2023 driven by an increase in demand and the positive effects of investments for growth, mainly in the mid-market segment.

    Client activity grew modestly at 0.5%, below the historical average with an improvement in Q4-24 (+0.4%). Over the year, the decline in activity in the metals sector, with lower prices, partially offset the positive trend in the agri-food sector. The price effect remained negative at -1.4% in 2024 (vs. -1.9% in 2023), in line with long-term trends.

    Turnover from non-insurance activities was up +8.2% compared to 2023. Factoring turnover stabilised at +0.3% with a positive Q4-24 that reversed the full-year trend. Information services turnover rose +16.3%. Fee and commission income (debt collection commissions) increased by +19.6%, from a low base, due to the increase in claims to be collected and investments made in third-party debt collection. Commissions were up +6.6%.

    Total revenue – in €m
    (by country of invoicing)    		 2023 2024 Variation % ex. FX4
    Northern Europe 379.6 362.2 (4.6)% (4.6)%
    Western Europe 380.1 391.8 +3.1% +0.4%
    Central & Eastern Europe 177.1 173.8 (1.9)% (3.2)%
    Mediterranean & Africa 526.3 538.5 +2.3% +5.6%
    North America 171.8 176.6 +2.7% (6.4)%
    Latin America 100.3 77.7 (22.5)% +4.0%
    Asia-Pacific 133.1 124.3 (6.6)% (7.1)%
    Total Group 1,868.2 1,844.8 (1.3)% (0.6)%

    In Northern Europe, turnover was down by -4.6% at constant and current FX, due to the selective non-renewal of some loss-making policies at the beginning of the year, despite the stabilisation of client activity in Q4-24.

    In Western Europe, turnover increased by +0.4% at constant FX (+3.1% at current FX and perimeter following the integration of certain African countries in the first half of the year) thanks to a sharp increase in information services sales (+30.3%) combined with a better Q4-24 in credit insurance under the effect of significant business catch-up.

    In Central and Eastern Europe, turnover fell -3.2% at constant FX (-1.9% at current FX) due to the decline in client activity, which weighed on credit insurance, despite a high client retention rate. Factoring was down -1.0% at constant exchange rates.

    In the Mediterranean and Africa region, which is driven by Italy and Spain, turnover rose +5.6% at constant FX and +2.3% at current FX driven by robust sales in credit insurance and services and a stronger economic environment.

    In North America, turnover was down -6.4% at constant FX but increased by +2.7% at current FX due to the integration of Mexico in this scope. The region saw a slowdown in client activity despite higher retention and a fairly strong economic environment.

    In Latin America, turnover rose +4.0% at constant FX but fell -22.5% at current FX. The region is benefiting from a recovery in client activity after 2023 was dominated by risk prevention actions. However, the transfer of Mexico to the North America region had a negative impact.

    In Asia-Pacific, turnover decreased by -7.1% at constant FX and -6.6% at current FX. This lower turnover was due to a slowdown in client activity that robust sales were unable to offset and selective non-renewal of certain policies.

    2.   Result

    • Combined ratio

    The annual combined ratio net of reinsurance was 65.5% in 2024, up 1.2 ppt year on year.

    (i)  Loss ratio

    The gross loss ratio stood at 33.4%, a 2.4 ppts improvement on the previous year. This improvement reflects both the gradual normalisation of the loss experience, offset by rising reserve releases. The amount of claims recorded is now higher than in 2019. The total number of claims decreased, offset by an increase in the number of mid-sized claims.

    The Group’s provisioning policy remained unchanged. The amount of provisions related to the underwriting year, although discounted, reflects the increase in the claims frequency. Strict management of past claims enabled the Group to record 51.9 ppts of recoveries.

    The net loss ratio improved to 35.2%, down 2.5 ppts compared to 2023.

    (ii)  Cost ratio

    Coface is pursuing a strict cost management policy and is continuing to invest, in line with its Power the Core strategic plan. As a result, over the full year 2024, costs rose by +5.5% at constant FX and perimeter, and by +5.3% at current FX.

    The cost ratio before reinsurance was 33.7%, up 2.2 ppts year on year. This rise was mainly due to the decline in revenues (1.0 ppt), embedded cost inflation (1.5 ppt) and ongoing investments (1.5 ppt). In contrast, the improved product mix (information services, debt collection and fee and commission income) had a positive effect. High reinsurance commissions explain the remainder of the variation.

    • Financial result

    Net financial income for 2024 was €91.7m, up sharply compared to 2023. This figure includes capital gains of +€11.4m, which more than offset negative market value adjustments on investments of -€2.9m. The FX effect remained slightly negative at -€2.7m but improved significantly compared to 2023, which was marked by the accounting effect of IAS 29 (hyperinflation) in Turkey and Argentina as well as the sharp devaluation of the Argentine peso.

    The portfolio’s current yield (i.e. excluding capital gains, depreciation and FX impact) was €96.6m, of which €25.7m in Q4-24. The accounting yield5, excluding capital gains and fair value effect, was 2.9% for 2024. The yield on new investments made year-to-date was 4.1% and fell in Q4-24 in line with the trend in market rates.

    Insurance Finance Expenses (IFE) stood at €42.5m (€40.0m in 2023).

    • Operating income and net income

    Operating income amounted to €409.2m in 2024, up +12.0% at constant FX.

    The effective tax rate was 29% for the year (vs. 27% in 2023), including the impact of Pillar 2 (global minimum tax).

    In total, net income (group share) was €261.1m, up +8.6% compared to 2023.

    3.   Shareholders’ equity

    At 31 December 2024, Group shareholders’ equity stood at €2,193.6m, up €142.8m or +7.0% (€2,050.8m at 31 December 2023).

    These changes are mainly due to the positive net income of €261.1m and the dividend payment of -€194.3m. Other items include changes in unrealised capital gains for €72.0m.

    The annualised return on average tangible equity (RoATE) was 13.9%, up 0.5 ppt mainly due to the improvement in financial income, which more than offset the decrease in underwriting income (decline in net premiums and slight increase in the combined ratio).

    The solvency ratio reached 196%6, representing a decrease of 3 ppts compared to FY-23. It remains well above the upper end of the target range (155%-175%).

    Coface will propose €1.40 dividend per share at the Shareholders’ meeting, corresponding to a payout ratio of 80%7, in line with its capital management policy.

    4.   Outlook

    Once again, the global economy experienced modest growth in 2024 (2.7%), in line with Coface’s forecasts and still driven being by the United States. The electoral calendar, which involved an unprecedented number of countries, delivered generally unsurprising outcomes, with some exceptions.

    For 2025, Coface is forecasting growth identical to that of 2024 at 2.7%. Further downgrades to European growth are likely to be offset by the good performance of the United States, while political risk remains. Donald Trump’s return to power seems to have been welcomed by economic circles so far, raising hopes of deregulation, which is stimulating in the short term but often carries longer-term risks. The announced introduction of tariffs for many countries is also a destabilising factor for global trade.

    Against this backdrop, Coface is anticipating a continued rise in bankruptcies, as businesses are caught between depleted levels of cheap financing and sluggish growth. Coface and its teams will continue to support their clients in this still uncertain environment.

    At the end of 2024, client activity finally posted a slightly positive performance after several quarters of decline. This slight rebound may give hope that the post-Covid decline in client activity has come to an end. In 2025, Coface will continue to implement its Power the Core strategic plan, which aims to develop a leading global ecosystem in credit risk management.

    5.   Governance evolution

    In the Executive Committee:

    • As of February 1st, 2025, Carole Lytton leads the Specialties Businesses, in addition to her role as General Secretary. She takes over from Antonio Marchitelli who decided to leave and take another appointment outside Coface after many years of dedication to the Group.
    • As of February 3rd, Gonzague Noël has been appointed as Group Chief Operating Officer (COO). He takes over Declan Daly, joins the Group executive committee and reports to Xavier Durand, Coface CEO.

    Conference call for financial analysts

    Coface’s results for FY-2024 will be discussed with financial analysts during the conference call on Thursday, 20 February 2025 at 18.00 (Paris time). Dial one of the following numbers:

    The presentation will be available (in English only) at the following address:
    http://www.coface.com/Investors/financial-results-and-reports

    Income statements items in €m
    Quarterly figures    		 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24   % %
    ex. FX*
    Insurance revenue 395.3 407.8 384.7 371.3 378.6 375.6 375.9 382.7   +3.1% +3.7%
    Other revenue 79.8 76.8 73.4 79.2 85.0 83.4 78.0 85.5   +8.0% +7.6%
    REVENUE 475.1 484.5 458.1 450.4 463.7 459.1 453.8 468.3   +4.0% +4.3%
    UNDERWRITING INCOME (LOSS)
    AFTER REINSURANCE    		 95.3 103.5 91.2 105.4 100.3 94.7 88.8 84.9   (19.5)% (17.9)%
    Investment income, net of management expenses, excluding finance costs (2.6) 4.0 13.0 (2.0) 17.9 22.8 19.0 31.9   (1667)% (1568)%
    Insurance Finance Expenses (2.4) (12.3) (15.4) (9.9) (11.4) (6.7) (7.3) (17.1)   +73.3% +77.9%
    CURRENT OPERATING INCOME 90.4 95.2 88.9 93.5 106.8 110.9 100.5 99.7   +6.7% +7.9%
    Other operating income / expenses (0.3) (0.4) (0.2) (4.0) (0.1) (0.5) (2.6) (5.5)   +38.3% +36.4%
    OPERATING INCOME 90.0 94.8 88.6 89.5 106.8 110.4 97.9 94.2   +5.2% +6.6%
    NET INCOME (GROUP SHARE) 61.2 67.7 60.9 50.8 68.4 73.8 65.4 53.4   +5.1% +4.9%
    Income tax rate 25.5% 21.9% 24.2% 36.0% 27.2% 26.8% 25.5% 36.2%   +0.2 ppt

    Appendices

    Quarterly results

    Cumulated results*

    Income statements items in €m
    Cumulated figures    		 Q1-23 H1-23 9M-23 2023 Q1-24 H1-24 9M-24 2024   % %
    ex. FX*
    Insurance revenue 395.3 803.1 1,187.8 1,559.1 378.6 754.3 1,130.2 1,512.9   (3.0)% (2.2)%
    Other revenue 79.8 156.6 230.0 309.2 85.0 168.5 246.4 331.9   +7.4% +7.4%
    REVENUE 475.1 959.7 1,417.8 1,868.2 463.7 922.7 1,376.6 1,844.8   (1.3)% (0.6)%
    UNDERWRITING INCOME (LOSS)
    AFTER REINSURANCE    		 95.3 198.8 290.0 395.4 100.3 195.0 283.8 368.7   (6.8)% (5.3)%
    Investment income, net of management expenses, excluding finance costs (2.6) 1.4 14.5 12.4 17.9 40.8 59.8 91.7   +638.0% +595.7%
    Insurance Finance Expenses (2.4) (14.7) (30.1) (40.0) (11.4) (18.1) (25.4) (42.5)   +6.4% +12.9%
    CURRENT OPERATING INCOME 90.4 185.5 274.4 367.9 106.8 217.7 318.2 417.9   +13.6% +12.8%
    Other operating income / expenses (0.3) (0.7) (0.9) (5.0) (0.1) (0.5) (3.1) (8.6)   +74.5% +74.2%
    OPERATING INCOME 90.0 184.8 273.4 362.9 106.8 217.2 315.1 409.2   +12.8% +12.0%
    NET INCOME (GROUP SHARE) 61.2 128.8 189.7 240.5 68.4 142.3 207.7 261.1   +8.6% +6.3%
    Income tax rate 25.5% 23.7% 23.8% 26.8% 27.2% 27.0% 26.5% 28.7%   +1.9 ppt  

    * Also excludes scope impact

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2023 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2023 Universal Registration Document filed with AMF on 5 April 2024 under the number D.24-0242 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    1RoATE = Return on average tangible equity
    2This estimated solvency ratio is a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.
    3The distribution proposal will be submitted to the Shareholders’ Meeting to be held on 14 May 2025.
    4 Also excludes scope impact
    5 Book yield calculated on the average of the investment portfolio excluding non-consolidated subsidiaries.
    6 This estimated solvency ratio is a preliminary calculation made according to Coface’s interpretation of Solvency II regulations and using the Partial Internal Model. The final calculation may differ from this preliminary calculation. The estimated solvency ratio is not audited.
    7 The distribution proposal will be submitted to the Shareholders’ Meeting to be held on 14 May 2025.

    Attachment

    The MIL Network –

  • MIL-OSI Video: David Beckham uses his platform to support UNICEF #Davos2025 #WorldEconomicForum #DavidBeckham

    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=3GM5QgvcTNQ

    MIL OSI Video –

  • MIL-OSI USA: Cantwell, Colleagues File Amicus Brief Over Illegal Inspectors General Firings

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    02.20.25

    Cantwell, Colleagues File Amicus Brief Over Illegal Inspectors General Firings

    WASHINGTON, D.C. – This week, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, joined 26 Senate Democrats in filing an amicus brief in support of a lawsuit brought by eight inspectors general (IGs) who were illegally fired by President Donald Trump. The Senators noted that the role of an inspector general is to uncover government waste, corruption, or illegal actions by political appointees and ensure the laws enacted by Congress are faithfully executed. In 2022, by a vote of 93 to 1, the Senate voted to strengthen existing IG protections to require that Congress be notified at least 30 days in advance of the removal of any Inspector General.

    “Inspectors General (“IGs”) are responsible for uncovering and preventing waste, fraud, and abuse in the administration of federal programs. Their investigations, reports, and audits are crucial tools in uncovering corruption and mismanagement in the executive branch, and IGs are vital to fulfilling Congress’ constitutional oversight responsibilities. For those reasons, Congress requires the President by law to provide notice to Congress, and thus an opportunity for interbranch consultation, before removing an Inspector General from position,” wrote the Senators in the amicus brief.

    “IGs are, by design and by law, not partisan political appointees who the President must be able to dispose of at will, lest their faults be attributed to the President,” the Senators continued.

    The eight inspectors general who are suing President Trump and other administration officials over their illegal firings are part of a larger group of about 17 independent inspectors general who were illegally fired on January 24. In order to protect the independence of America’s nonpartisan IGs, federal law explicitly requires the President to provide Congress both a 30-day notice and communicate in writing a “substantive rationale, including detailed and case-specific reasons,” for the termination. However, as the plaintiffs explain in their complaint, and as the Senators describe in their amicus brief, President Trump did not follow the law.

    • Department of Defense
    • Veterans Affairs
    • Health and Human Services
    • State Department
    • Department of Education
    • Department of Agriculture
    • Department of Labor
    • Small Business Administration

    The amicus brief, led by Senate Minority Leader Schumer (D-NY), and Senators Tim Kaine (D-VA), and Chris Coons (D-DE) was also signed by Senators Welch (D-VT), Schiff (D-CA), Luján (D-NM), Blumenthal (D-CT), Van Hollen (D-MD), Duckworth (D-IL), Hassan (D-NH), Bennet (D-CO), Cortez Masto (D-NV), Heinrich (D-NM), Schatz (D-HI), Shaheen (D-NH), Whitehouse (D-RI), Gallego (D-AZ), Slotkin (D-MI), Warren (D-MA), Gillibrand (D-NY), Kelly (D-AZ), Hirono (D-HI), Klobuchar (D-MN), Durbin (D-IL), Peters (D-MI), Reed (D-RI), Booker (D-NJ), and Rosen (D-NV).

    The full amicus brief is available HERE.

    MIL OSI USA News –

  • MIL-OSI USA: America Is Back — and President Trump Is Just Getting Started

    US Senate News:

    Source: The White House
    President Donald J. Trump took office just one month ago, but has already accomplished more than most presidents do in their entire term as he makes good on his promise to usher in the New Golden Age of America.
    Here is a non-comprehensive list of President Trump’s wins after just one month:
    SECURING OUR HOMELAND:
    President Trump declared a national emergency at the border and deployed the military, including the 10th Mountain Division, to secure our nation.
    Illegal border crossings have hit lows not seen in decades as U.S. Border Patrol is re-empowered to once again enforce the law.
    ABC News: “From Jan. 21 through Jan. 31, the number of U.S. Border Patrol apprehensions along the southwest border dropped 85% from the same period in 2024, according to data obtained by ABC News. In the 11 days after Jan. 20, migrants apprehended at ports of entry declined by 93%.”

    Illegal aliens have started turning around in droves amid the crackdown.
    The Department of Homeland Security announced that arrests of criminal illegal immigrants have doubled under President Trump.
    President Trump signed the Laken Riley Act into law, which requires illegal immigrants arrested or charged with theft or violence to be detained — honoring the legacy of Laken Riley, a Georgia college student brutally murdered by an illegal alien released into the country.
    President Trump ended “catch-and-release,” reversing the dangerous Biden-era policy that released dangerous illegal aliens back into our communities.
    President Trump shut down the “CBP One” app, which “paroled” more than one million illegal immigrants into the country.
    A migrant shelter in San Diego announced it will shut down after it has received no new arrivals since President Trump took office.

    President Trump terminated all taxpayer-funded public benefits for illegal aliens.
    President Trump ramped up deportation flights of criminal illegal aliens.
    After President Trump announced “urgent and decisive retaliatory measures” against Colombia over its refusal to accept deportation flights from the U.S., the country’s president quickly backtracked — even offering the use of his personal plane for the deportations.
    El Salvadorian President Nayib Bukele offered to accept deportees of any nationality, including violent American criminals currently imprisoned in the U.S.

    President Trump began transferring criminal illegal aliens to Guantanamo Bay ahead of their repatriation back to their own countries.
    President Trump re-established the successful “Remain in Mexico” policy.
    President Trump restarted construction of the border wall.
    The Trump Administration officially declared Tren de Aragua, MS-13, the Sinaloa Cartel, the Jalisco New Generation Cartel, the United Cartels, the Gulf Cartel, the Northeast Cartel, and the Michoacán Family as Foreign Terrorist Organizations.
    New York City Mayor Eric Adams (D) agreed to allow federal immigration officials to operate on Rikers Island and deport illegal alien criminals following his meeting with Border Czar Tom Homan.
    Mexico announced a deployment of 10,000 troops to the border to combat illegal immigration and fentanyl trafficking, while Canada announced a flurry of measures to combat fentanyl manufacturing and trafficking following President Trump’s imposition of tariffs on the two countries.
    President Trump implemented an additional 10% tariff on imports from China in order to stem the flow of illegal aliens and fentanyl.
    President Trump ordered an end to birthright citizenship.
    President Trump suspended the U.S. Refugee Admissions Program.
    The Department of Justice filed suit against the State of New York and some of its elected officials over their willful failure to follow federal immigration law and announced that it will take action against so-called “sanctuary cities” for their obstruction of U.S. law.
    The Department of Homeland Security “clawed back” tens of millions of dollars in funds paid by rogue FEMA officials to house illegal aliens in luxury New York City hotels.
    President Trump reinstated the death penalty for federal capital crimes.
    PROTECTING AMERICAN WORKERS AND FOSTERING ECONOMIC GROWTH:
    President Trump restored a 25% tariff on steel imports and elevated the tariff to 25% on aluminum imports to protect these critical American industries from unfair foreign competition — a move praised by the Steel Manufacturers Association, the Aluminum Association, and businesses across the country.
    Robert Simon, CEO of JSW Steel USA, praised President Trump’s steel and aluminum tariffs, celebrating them “as a project that will flood the U.S. with jobs as trading partners move their industries to U.S. soil to avoid tariffs.”

    Makoto Uchida, the CEO of global automaker Nissan, said President Trump’s tariffs could push the car manufacturer to move its production from Mexico to the U.S.
    President Trump unveiled a plan for fair and reciprocal trade, making clear to the world that the United States will no longer tolerate being ripped off.
    President Trump secured hundreds of billions of dollars in new investments.
    President Trump announced the largest artificial intelligence infrastructure project in history, securing $500 billion in planned private sector investment — with major CEOs agreeing it would not have been possible without President Trump’s leadership.
    Saudi Arabia declared its intention to invest $600 billion in the United States over the next four years.
    President Trump secured a $20 billion investment by DAMAC Properties to build new U.S.-based data centers.
    Taiwan pledged to boost its investment in the United States.
    Electronics giants Samsung and LG “are considering moving their plants in Mexico to the U.S.” now that President Trump is back in office.

    In February, forecasters from the Federal Reserve Bank of Philadelphia revised their economic growth projections for the first quarter of 2025 up from 1.9% to 2.5%, and their unemployment rate projections for the quarter down from 4.2% to 4.1%.
    After a meeting with President Trump, Stellantis announced it will reopen its assembly plant in Belvidere, Illinois — putting 1,500 employees back to work — and build its next-generation Dodge Durango in Detroit, Michigan. The company also announced new investments in their Toledo, Ohio, and Kokomo, Indiana, facilities.
    President Trump laid out a visionary plan to establish a Sovereign Wealth Fund to maximize the stewardship of the $5+ trillion in assets held by the United States.
    Following President Trump’s victory, the S&P 500 set a new record as the stock market surged to record highs — while major Wall Street firms like JP Morgan Chase posted their highest ever annual profits.
    LOWERING THE COST OF LIVING:
    President Trump directed the heads of all executive departments and agencies to “deliver emergency price relief … to the American people and increase the prosperity of the American worker.”
    President Trump established the National Energy Dominance Council to maximize use of the U.S.’ extensive energy resources, thereby enabling lower energy prices.
    Crude oil prices have fallen over 5% since President Trump took office.
    The Department of Energy postponed burdensome Biden-era efficiency standard rules for the following appliances, saving American consumers large sums:
    Central air conditioners: Biden rules were slated to make air conditioners $1,100 more expensive, according to Alliance for Consumers.
    Gas water heaters: Biden rules were slated to make water heaters $2,800 more expensive.
    Clothes washers and dryers: Biden rules were slated to make washers $200 more expensive.
    Light bulbs: Biden rules were slated to make light bulbs $140 more expensive.
    Walk-in coolers and freezers, commercial refrigeration equipment, and air compressors.

    The total cost of federal regulations in 2023 was a record-breaking $2.1 trillion, or $15,788 per U.S. household, according to the Competitive Enterprise Institute. By requiring agencies to identify at least ten existing rules, regulations, or guidance documents to be repealed for every one rule they promulgate, President Trump has put the U.S. on track to severely reduce regulatory costs for everyday Americans.
    The National Associations of Manufacturers found the cost of federal regulations was even greater — at $3.079 trillion in 2022.

    Secretary Sean Duffy’s very first action at the Department of Transportation was to initiate rulemaking resetting Corporate Average Fuel Economy (CAFE) standards — effectively eliminating the Biden-era electric vehicle mandate.
    NBER economist Mark R. Jacobsen “estimates that a one-mpg increase in CAFE standards costs consumers of all income levels approximately 0.5% of their income in the first year of the increase. By the 10th year following the increase, however, this cost becomes regressive, as the increase drives up the price of used cars. A one-mpg increase in CAFE standards costs consumers earning less than $25,000 per year 1.12% of their income, but only costs consumers earning more than $75,000 per year 0.41% of their income.”

    RE-ESTABLISHING AMERICAN STRENGTH:
    President Trump secured the release of six American hostages in Venezuela, two Americans in Afghanistan, an American-Israeli citizen in Hamas captivity, a Pennsylvania teacher in Russian captivity, and an American citizen in Belarus — bringing the total number of American hostages released under President Trump to 11.
    President Trump spoke with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy in pursuit of finally securing peace as negotiations get underway.
    President Trump restored maximum pressure on Iran, “sanctioning an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to the People’s Republic of China.”
    President Trump redesignated the Iran-backed Houthis as a Foreign Terrorist Organization.
    President Trump hosted Israeli Prime Minister Benjamin Netanyahu for a visit where he proposed a bold vision for securing lasting peace in Gaza.
    Former U.S. Ambassador to Israel David Friedman described the proposal as “brilliant, historic and the only idea I have heard in 50 years that has a chance of bringing security, peace and prosperity to this troubled region.”

    President Trump hosted Japanese Prime Minister Shigeru Ishiba, who announced his intention to “elevate Japan’s investment in the United States to an unprecedented amount of $1 trillion,” import “historic” quantities of LNG from Alaska, and open new auto plants in the U.S.
    President Trump hosted Jordan’s King Abdullah II, who announced that the Kingdom will accept 2,000 sick children from Gaza “as quickly as possible.”
    President Trump hosted Indian Prime Minister Narendra Modi for a visit where they announced new deals between the two countries on immigration, trade, energy, and artificial intelligence.
    President Trump banned funding to UNRWA — a United Nations agency that employed hundreds of Hamas and jihad operatives.
    President Trump imposed sanctions on the International Criminal Court, which has illegitimately asserted jurisdiction over internal U.S. matters and baselessly targeted Israeli Prime Minister Benjamin Netanyahu.
    President Trump reinstated the Mexico City Policy to ensure no taxpayer dollars support foreign organizations that perform, or actively promote, abortion in other nations.
    The Department of State ordered embassies worldwide to only fly the American flag — not activist flags.
    President Trump declared all foreign policy must be conducted under the President’s direction, ensuring career diplomats reflect the foreign policy of the United States at all times.
    The Department of State declared that U.S. foreign policy will be America First going forward.
    Following a visit from Secretary of State Marco Rubio, Panamanian President José Raúl Mulino agreed to withdraw from China’s Belt and Road Initiative, a debt-trap diplomacy scheme the Chinese Communist Party uses to gain influence over developing nations.
    The U.S. rejoined the Geneva Consensus Declaration, which promotes and strengthens opportunities for women and girls around the world, and protects the family as the fundamental unit of society.
    President Trump cracked down on anti-Semitism by canceling visas for foreign students who are Hamas sympathizers.
    President Trump ordered the immediate dismissal of the Board of Visitors for the Army, Air Force, Navy, and Coast Guard following years of woke ideologies infiltrating U.S. service academies.
    The U.S. Army barred transgender people from enlisting and stopped using taxpayer funds for sex change surgeries.
    President Trump reinstated, with backpay, U.S. service members who were discharged under the military’s nonsensical COVID-19 vaccine mandate.
    Secretary of Defense Pete Hegseth restored Fort Liberty, North Carolina, to “Fort Bragg,” in honor of a World War II hero.
    President Trump withdrew the U.S. from the World Health Organization.
    President Trump paused enforcement of the overregulation of American businesses abroad, which negatively impacted national security.
    President Trump proclaimed “Gulf of America Day” after the Department of the Interior officially established it on its mapping databases.
    President Trump initiated a process to build a next-generation missile defense shield over the United States.
    UNLEASHING AMERICAN ENERGY:
    President Trump declared a National Energy Emergency to unlock America’s full energy potential and bring down costs for American families.
    President Trump rescinded every one of the Biden Administration’s job-killing, pro-China, anti-American energy regulations.
    President Trump empowered Americans with choice in vehicles, showerheads, toilets, washing machines, light bulbs, and dishwashers, and killed Biden-era regulations that restricted water flow and mandated inadequate light bulb standards.
    President Trump terminated the job-killing Green New Scam.
    President Trump withdrew from the disastrous Paris Climate Agreement, which unfairly ripped off our country.
    President Trump paused federal permitting for massive wind farms, which degrade our natural landscapes and fail to serve American consumers.
    President Trump reversed bureaucratic regulations that impeded Alaska’s ability to develop its vast natural resources.
    President Trump re-opened 625 million acres for offshore drilling, which Biden banned in his waning days, in order to “drill, baby, drill.”
    President Trump scrapped an Obama-era rule on greenhouse gases.
    President Trump ended the Liquefied Natural Gas pause and approved the first LNG project since the Biden Administration banned them last year.
    BRINGING BACK COMMON SENSE:
    Health systems across the nation stopped or downsized their sex change programs for minors following President Trump’s “Protecting Children from Chemical and Surgical Mutilation” executive order.
    In Illinois, Chicago’s Lurie Children’s Hospital paused sex-change surgeries for patients under 19 as it “work[s] to understand the rapidly evolving environment.”
    In Colorado, Denver Health announced it would stop performing sex change surgeries on minor children, while UCHealth said it was ending so-called “gender-affirming care” for all minors.
    In Washington, D.C., Children’s National Hospital “paused” prescribing puberty blockers and hormone therapies for minors, while Northwest Washington Hospital did the same.
    In Virginia, VCU Health and Children’s Hospital of Richmond “suspended” providing transgender-related medication and surgeries for minors, while UVA Health also “suspended” transgender-related services for minors.

    President Trump ended the unfair, demeaning practice of forcing women to compete against men in sports — which resulted in the NCAA changing its rules.
    The Department of Education launched investigations into the California Interscholastic Federation and the Minnesota State High School League over their failures to comply.

    President Trump made it the official policy of the U.S. government that there are only two sexes.
    President Trump banned COVID-19 vaccine mandates at schools that receive federal funding.
    President Trump rolled back the Biden-era push to mandate paper straws.
    President Trump instructed the Secretary of the Treasury to stop production of the penny, which cost 3.69 cents each to make.
    President Trump directed full enforcement of the Hyde Amendment, which bars taxpayer dollars from being used to fund or promote elective abortion.
    The Department of Transportation terminated the approval for New York City’s burdensome “congestion pricing” scheme.
    RESTORING ACCOUNTABILITY AND TRANSPARENCY IN GOVERNMENT
    President Trump established the Department of Government Efficiency (DOGE) to maximize government productivity and ensure the best use of taxpayer funds — which has already achieved billions of dollars in savings for taxpayers.
    President Trump commenced his plan to downsize the federal bureaucracy and eliminate waste, bloat, and insularity.
    President Trump ordered federal workers to return to the office five days a week.
    President Trump ordered federal agencies hire no more than one employee for every four employees who leave.
    President Trump ended the wasteful Federal Executive Institute, which had become a training ground for bureaucrats.
    President Trump ordered the termination of all federal Fake News media contracts.

    President Trump ordered the Consumer Financial Protection Bureau — the brainchild of Elizabeth Warren, which funneled cash to left-wing advocacy groups — to halt operations.
    President Trump ordered an end to anti-Christian bias in the Federal Government.
    President Trump ordered an examination of all regulations to assess any infringements on Americans’ Second Amendment rights.
    The Environmental Protection Agency canceled tens of millions of dollars in contracts to left-wing advocacy groups, announced an investigation into a scheme by Biden EPA staffers to shield billions of dollars from oversight and accountability, and put 168 “environmental justice” employees on leave.
    President Trump stopped the waste, fraud, and abuse within USAID — ensuring taxpayers are no longer on the hook for funding the pet projects of entrenched bureaucrats, such as sex changes in Guatemala.
    President Trump ordered an end to the weaponization of the Federal Government against American citizens.
    The Department of Justice immediately began rooting out politically motivated lawfare that occurred in the Biden Administration.

    President Trump reversed the massive over-expansion of the IRS that took place during the Biden Administration.
    President Trump eliminated discriminatory DEI offices, employees, and practices across the bureaucracy alongside a return to merit-based hiring — including at the Federal Aviation Administration, where the Biden Administration specifically recruited individuals with intellectual disabilities and psychiatric issues.
    As a result, taxpayer-funded PBS closed its DEI office, Disney dropped two of its DEI programs, Goldman Sachs ended its DEI policy, and Institutional Shareholder Services announced it would no longer consider diversity of company boards when making its voting recommendations.
    The Federal Communications Commission opened an investigation into discriminatory DEI policies at Comcast, an entity it regulates.

    President Trump ordered an end to all censorship of Americans by the federal government.
    President Trump ordered a review of funding for all non-governmental organizations, so taxpayers are no longer funding those that undermine America’s interests.
    The Department of State issued a “pause” on existing foreign aid grants to ensure accountability and efficiency.

    President Trump lifted last-minute collective bargaining agreements issued by the Biden Administration, which sought to impede reform.
    President Trump overrode bureaucratic red tape that limited water availability in California following the failure of the state’s water system during the devastating wildfires.
    President Trump terminated the Biden-era electric vehicle mandate.
    President Trump suspended the Biden-era EV charging program, which had resulted in just eight charging stations despite $7.5 billion earmarked for the program.

    President Trump shut down the wasteful Biden-era “Climate Corps” program.
    The Federal Communications Commission took action against a Soros-backed radio station that leaked sensitive information about ICE operations.
    President Trump ordered the declassification of documents related to the assassinations of President John F. Kennedy, Jr., Robert F. Kennedy, and Rev. Dr. Martin Luther King, Jr.
    President Trump opened the White House Press Briefing Room to non-legacy media outlets as the White House sets a new standard for transparency in the digital age.
    President Trump reinstated press privileges for roughly 440 journalists who the Biden Administration sought to silence.
    President Trump fired members of The Kennedy Center’s Board of Trustees amid their obsession with perpetuating radical, left-wing ideology at taxpayer expense.
    President Trump revoked the security clearances of the 51 “spies who lied.”
    EMPOWERING THE AMERICAN PEOPLE
    President Trump established the Make America Healthy Again Commission, which redirects the national focus to promoting health rather than simply managing disease.
    President Trump took executive action to expand access to in vitro fertilization (IVF).
    President Trump established the White House Faith Office to protect Americans’ religious liberty.
    President Trump ordered an end to the radical indoctrination of children in K-12 schools that receive federal funding.
    President Trump took executive action to support parents in choosing the best education for their children.
    President Trump established the Presidential Working Group on Digital Asset Markets to strengthen U.S. leadership in digital finance.
    President Trump granted full and unconditional pardons to 23 pro-life Americans who were unjustly persecuted by the Biden Administration.
    President Trump pardoned two Washington, D.C., police officers who were imprisoned simply for doing their jobs of apprehending criminals.
    President Trump has had his cabinet confirmed by the Senate at a far faster pace than his predecessors, with a majority of his cabinet earning confirmation in his first month.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Manchester Digital Campus gets green light

    Source: United Kingdom – Executive Government & Departments

    A major government office complex has been given planning consent to be built in Manchester.

    A major government office complex has been given planning consent to be built in Manchester.

    Manchester Digital Campus will be a state-of-the-art hub constructed on the former Central Retail Park in Ancoats after the city’s planning committee approved the Government Property Agency’s (GPA) scheme at a meeting today (Thursday 20 February 2025).

    The campus will bring together a number of Civil Service departments with a focus around digital skills and create significant employment opportunities and economic benefits in the region.

    Mark Bourgeois, CEO at the GPA, said:

    We are delighted with the decision and are grateful for the support of the many stakeholders in Manchester. The GPA team is proud to be working on this exciting project in support of the Government’s growth mission.

    The GPA exchanged contracts to acquire five-and-a-half acres of the former Central Retail Park in Ancoats from the city council in May last year with a view to constructing a state-of-the-art digital campus.

    Both the agency and Manchester City Council have been working together on the plans for Ancoats, culminating in a parallel proposal for the digital campus and an adjacent public park.

    The council and the GPA held a joint consultation around emerging plans for the former retail site in August and September last year, inviting local residents, businesses and other stakeholders to help guide proposals to create the new government digital campus – delivered by the GPA – and a new city centre park space, delivered by the council.

    Mark added:

    We are pleased to be working with Manchester City Council on these regeneration  plans, and look forward to creating fantastic and sustainable workplaces to support the transformation of the Civil Service.

    This proposed development, builds on the work MCC and the GPA undertook last year in putting in place an updated Strategic Regeneration Framework, and the shared ambition to regenerate the Ancoats former retail site, creating employment and wider business opportunities, supported by the digital campus.

    New city centre park  

    Alongside the new campus, the new park will improve access to quality green space in Manchester city centre, creating a connection to the existing Cotton Field Park behind and through to Ancoats and New Islington.  

    The park space has been designed in collaboration with landscape architects Planit-IE following public consultation.  

    A central lawn and plaza will create a green buffer to Great Ancoats Street, with various tiered gardens navigating the different level changes across the site, alongside play areas, paths and tranquil areas to escape the noise of the city. The park has been designed to make sure that it is fully accessible. 

    The site will accommodate new walking and cycling routes, helping to link to other city centre active travel investment in Ancoats, Northern Quarter and out towards the Etihad Campus.

    To note – development across the rest of the site will be brought forward as a later development phase. More information will be made available in due course.

    Leader of the Council, Bev Craig said: 

    Gaining planning approval for both the GPA’s digital campus and the latest city centre park is the launchpad for the transformation of this site.  

    Our ambition has long been to bring the former retail park back into active use and working in partnership with the GPA we are delivering a quality, low carbon development that will bring 7,000 civil service jobs to Manchester in the coming years. 

    The new digital campus plays to Manchester’s strengths. We have fostered one of the fastest growing tech and digital communities in the UK, with a growing international reputation. The transformation of this brownfield site supports our ongoing growth in the sector, which translates into quality employment and development opportunities for our residents.  

    We stand ready to work with this Government to bring forward other ambitious investments in Manchester that can continue our path of sustainable economic growth, supporting our residents to thrive. 

    At the same time, the new park is a welcome addition to our city centre green spaces and a reimagining of the former retail site that has for many years acted only as a barrier to the community behind – and an eyesore in one of the most exciting parts of our city.

    For more information contact comms@gpa.gov.uk

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: The Global Geopolitical Situation: Foreign Secretary speech at G20 South Africa

    Source: United Kingdom – Executive Government & Departments

    Foreign Secretary David Lammy’s intervention on Discussions on the Global Geopolitical Situation at the G20 Foreign Ministerial Meeting, South Africa

    Thank you very much, Ronald (Ronald Lamola, Minister of International Relations and Cooperation of South Africa) and let me say, my dear brother, what a joy is to see the G20 in Africa at long last. And we thank Brazil for its stewardship last year.

    The challenges that we face are truly global.

    We will not begin to tackle them unless we harness the potential of this continent, bursting with growth and opportunities and with so many young people, talented young people at its heart.

    The starkest challenge we face is escalating conflict, both between and within nations, driving vicious cycles of grievance, displacement and low growth.

    Your presidency, Ronald calls for solidarity, and solidarity starts by recognizing and naming the victims of war and injustice.

    Innocent Ukrainians enduring bombardment night after night from Odessa to Zaphorizhya, the hostages still cruelly held underground by Hamas, 16 months old on from the trauma of October the 7th, and the Palestinian civilians driven from their homes in Gaza and the West Bank, the Sudanese refugees flee their burning villages to escape across the border to Chad, the overwhelming majority of them, women and children having endured the most unimaginable and indiscriminate violence.

    As I said when I visited Chad, there can be no geopolitical stability, whilst there remains a hierarchy of conflicts, with those on this continent finding themselves at the bottom of the global pile.

    And that’s why, since starting this job, I’ve made a reset with the so called Global South, a central plank of the UK Foreign Policy, and it’s why I doubled British aid for Sudan, and I prepared a conference in London to push for a political process which will end the fighting and protect civilians.

    And that’s why I’ve called out the Rwandan Defence Force operations in the eastern DRC as a blatant breach of the UN Charter which risks spiralling into a regional conflict, and that’s why I will again make clear to President Kagame, that further breaches of DRC’s sovereignty will have consequences.

    Because at the heart of my government’s approach to foreign policy lies the belief that regional and geopolitical stability can only be delivered through respect for international law and the principles of the UN Charter.

    And as my Canadian, Australian, Japanese colleagues have said, respect for international law must underwrite a free and open Indo Pacific, just as it must underwrite the Euro Atlantic, with the security of those two regions ever more closely linked.

    And as we turn to the Middle East, the ceasefire in Gaza is painfully fragile, I’m grateful that so many of us here today are working together to ensure that it holds we must continue to work together tirelessly to secure the release of the remaining hostages, to bolster the Palestinian Authority, and to boost aid into Gaza and to develop a long term plan for governance and security on the strip so that we can advance towards, a two state solution. Which remains the only long term viable pathway to peace.

    And finally, in Ukraine, the only just and lasting peace will be a peace that is consistent with the UN Charter, and we want that as soon as possible.

    You know, mature countries learn from their colonial failures and their wars, and Europeans have had much to learn over the generations and the centuries.

    But I’m afraid to say that Russia has learned nothing.

    I listened carefully to Minister Lavrov intervention just now he’s, of course, left his seat, hoping to hear some readiness to respect Ukraine’s sovereignty.

    I was hoping to hear some sympathy for the innocent victims of the aggression.

    I was hoping to hear some readiness to seek a durable peace.

    What I heard was the logic of imperialism dressed up as a realpolitik, and I say to you all, we should not be surprised, but neither should we be fooled.

    We are at a crucial juncture in this conflict, and Russia faces a test.

    If Putin is serious about a lasting peace, it means finding a way forward which respects Ukraine’s sovereignty and the UN Charter which provides credible security guarantees, and which rejects Tsarist imperialism, and Britain is ready to listen.

    But we expect to hear more than the Russian gentleman’s tired fabrications.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Manchester Digital Campus and latest city centre park gets planning green light

    Source: City of Manchester

    A major government office complex bringing 7,000 civil service jobs to Manchester alongside a new urban park have been given planning consent to be built in Ancoats.

    A major government office complex bringing 7,000 civil service jobs to Manchester alongside a new urban park have been given planning consent to be built in Ancoats.

    Manchester Digital Campus

    The campus will be a state-of-the-art hub constructed on the former Central Retail Park in Ancoats after the city’s planning committee approved the Government Property Agency’s (GPA) scheme at Manchester City Council planning committee today (Thursday 20 February)

    The campus will bring together a number of Civil Service departments with a focus around digital skills and create significant employment opportunities and economic benefits in the region.

    The state-of-the-art campus will bolster Manchester’s digital and tech sector, driving economic growth and new employment opportunities for the city.  

    New City Centre Park

    Alongside the new campus, the new park will improve access to quality green space in Manchester city centre, creating a connection to the existing Cotton Field Park behind and through to Ancoats and New Islington.

    The park space has been designed in collaboration with landscape architects Planit-IE following public consultation.

    A central lawn and plaza will create a green buffer to Great Ancoats Street, with various tiered gardens navigating the different level changes across the site, alongside play areas, paths and tranquil areas to escape the noise of the city. The park has been designed to make sure that it is fully accessible.

    The site will accommodate new walking and cycling routes, helping to link to other city centre active travel investment in Ancoats, Northern Quarter and out towards the Etihad Campus.

    Mark Bourgeois, CEO at the GPA, said:

    “We are delighted with the decision and are grateful for the support of the many stakeholders in Manchester. The GPA team is proud to be working on this exciting project in support of the Government’s growth mission.”

    The GPA exchanged contracts to acquire five-and-a-half acres of the former Central Retail Park in Ancoats from the city council in May last year with a view to constructing a state-of-the-art digital campus.

    Both the agency and Manchester City Council have been working together on the plans for Ancoats, culminating in a parallel proposal for the digital campus and an adjacent public park.

    The council and the GPA held a joint consultation around emerging plans for the former retail site in August and September last year, inviting local residents, businesses and other stakeholders to help guide proposals to create the new government digital campus – delivered by the GPA – and a new city centre park space, delivered by the council.

    Mark added:

    “We are pleased to be working with Manchester City Council on these regeneration plans, and look forward to creating fantastic and sustainable workplaces to support the transformation of the Civil Service.

    “This proposed development, builds on the work MCC and the GPA undertook last year in putting in place an updated Strategic Regeneration Framework, and the shared ambition to regenerate the Ancoats former retail site, creating employment and wider business opportunities, supported by the digital campus.”

    Leader of the Council Bev Craig said:

    “Gaining planning approval for both the GPA’s digital campus and the latest city centre park is the launchpad for the transformation of this site.  

    “Our ambition has long been to bring the former retail park back into active use and working in partnership with the GPA we are delivering a quality, low carbon development that will bring 7,000 civil service jobs to Manchester in the coming years. 

    “The new digital campus plays to Manchester’s strengths. We have fostered one of the fastest growing tech and digital communities in the UK, with a growing international reputation. The transformation of this brownfield site supports our ongoing growth in the sector, which translates into quality employment and development opportunities for our residents.  

    “We stand ready to work with this Government to bring forward other ambitious investments in Manchester that can continue our path of sustainable economic growth, supporting our residents to thrive. 

    “At the same time, the new park is a welcome addition to our city centre green spaces and a reimagining of the former retail site that has for many years acted only as a barrier to the community behind – and an eyesore in one of the most exciting parts of our city.”  

    Find out more about the redevelopment of the former retail site. 

    Read the planning applications here

    MIL OSI United Kingdom –

  • MIL-OSI USA: SBA Relief Still Available to New Mexico Small Businesses and Private Nonprofits Affected by Summer Fires

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in New Mexico of the March 20, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by the South Fork Fire, Salt Fire and flooding that occurred June 17‑Aug. 20, 2024.

    The disaster declaration covers the counties of Chaves, De Baca, Doña Ana, Eddy, Guadalupe, Lincoln, Los Alamos, McKinley, Mora, Otero, Rio Arriba, San Juan, Sandoval, Santa Fe, Sierra, Socorro, Taos, Torrance and the tribal region of Mescalero Apache Tribe in New Mexico, as well as Apache County in Arizona, Archuleta, Conejos, La Plata and Montezuma counties in Colorado, Culberson, El Paso and Hudspeth counties in Texas, and San Juan County in Utah.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs that suffered financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amount terms based on each applicant’s financial condition.

    For more information and to apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is March 20.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General James Sues Nation’s Largest Vape Distributors for Fueling the Youth Vaping Epidemic

    Source: US State of New York

    NEW YORK – New York Attorney General Letitia James today announced a lawsuit against 13 major e-cigarette, or “vape,” manufacturers, distributors, and retailers for their role in fueling the youth vaping epidemic. These companies are responsible for illegally distributing, marketing, and selling flavored disposable vapes – including popular brands such as Puff Bar, Elf Bar, Geek Bar, Breeze, MYLE, and more – which have become extraordinarily popular among minors. An Office of the Attorney General (OAG) investigation found that these companies market highly addictive, candy- and fruit-flavored nicotine products to underage consumers, mislead customers about the safety and legality of their products, illegally ship products to New York, and violate health regulations designed to curb youth vaping.  

    With this action, Attorney General James is holding the nation’s leading vape distributors accountable for their role in this public health crisis. The landmark lawsuit seeks hundreds of millions of dollars, including financial penalties for wide-ranging violations of local, state, and federal laws; damages and restitution for the public health impact of the companies’ illegal actions; the recovery of all revenue made from unlawful activity; and the establishment of an abatement fund to address the youth vaping crisis in New York. 

    “The vaping industry is taking a page out of Big Tobacco’s playbook: they’re making nicotine seem cool, getting kids hooked, and creating a massive public health crisis in the process,” said Attorney General James. “For too long, these companies have disregarded our laws in order to profit off of our young people, but we will not risk the health and safety of our kids. Today, we are taking critical steps toward holding these companies accountable for the harm they have caused New Yorkers.” 

    The vaping industry has adopted deceptive, inescapable marketing strategies that are reminiscent of the tactics that made the tobacco industry infamous. Vaping companies directly target youth with bright, colorful packaging, candy and fruit flavors, social media and influencer campaigns, and unproven claims that their products are “safe” alternatives to cigarettes. The vape products the defendants often help develop, design, and even taste-test are intended to attract young people, with eye-catching, cartoonish packaging and flavors like “Blue Razz Slushy,” “Sour Watermelon Patch,” “Unicorn Cake,” “Fruity Bears Freeze,” “Cotton Candy,” “Rainbow Rapper,” “Sour Fruity Worms,” “Fruity Pebbles,” and “Strawberry Cereal Donut Milk,” to entice kids.

    Vape companies use bright, colorful packaging and candy and fruit flavors to entice children.

    The OAG investigation found that these companies often rely on social media in their marketing and ensure their vapes are abundantly available within walking distance of schools in an effort to reach young consumers. The companies also make use of celebrity or influencer endorsements, sponsor brand activations and social media photo opportunities at popular festivals and events, and promote dangerous vaping trends and challenges to drive engagement online. One company, Puff Bar, ran a social media advertisement during the early days of the pandemic lockdown that billed their vapes as “the perfect escape from back-to-back zoom calls [and] parental texts.”

    Vaping advertisements feature bright colors and candy, as well as illegal discounts and relatable language to attract kids.

    The investigation also revealed that vape companies have long been aware that their products pose health risks to users – and are particularly harmful to youth – but have continued to target young people with deceptive and misleading messages about the products’ safety. In particular, the companies’ advertisements often position vaping products as a safer, healthier alternative to cigarettes. One of the defendants has even advanced conspiracy theories in an attempt to brush away concerns over the safety of vaping, repeatedly pushing the idea that state governments were campaigning to crush vaping in an attempt to boost tobacco sales for financial gain. In addition, despite knowing that New York banned the sale of flavored vapor products in 2020, the companies have continued to sell these products while intentionally misleading customers about the legality of the sales.

    None of the companies named in the lawsuit have received authorization from the U.S. Food and Drug Administration (FDA) for their fruit – or – candy flavored vapes, making their sale illegal under federal law. Attorney General James’ lawsuit alleges the companies have knowingly and intentionally ignored FDA warning letters and regulations, as well as the federal Prevent All Cigarette Trafficking (PACT) Act, which prohibits online sales of vaping products to consumers and unlicensed retailers. In addition to violating federal bans on shipping these products, the companies fail to register with the appropriate authorities, verify recipients’ ages, or follow any other shipping restrictions.

    Attorney General James also alleges that these vape companies have blatantly disregarded New York state public health laws, including several policies enacted in recent years to curb youth vaping. In 2020, New York banned the sale of flavored vapor products, restricted the shipment and transport of nicotine products, and raised the legal purchase age for all vapes to 21. The state also banned coupons and discounts on vapes, and began requiring certain companies to disclose dangerous ingredients in their vapes. The vape companies named in this lawsuit have repeatedly and knowingly violated these laws.

    The OAG investigation uncovered widespread evidence of this illegal conduct, including documents showing illegal shipments of flavored vapes to New York residential addresses, communications demonstrating companies’ knowledge of health and legal risks, and company advertisements and social media campaigns that misleadingly promoted vapes as safe and fun.

    The rise in youth vaping has reversed years of progress in reducing tobacco and nicotine use among adolescents. According to the New York State Department of Health (DOH), e-cigarette use among high school students has skyrocketed over the past decade, with flavored vapes being the most commonly used tobacco and nicotine product among youth. Attorney General James’ lawsuit highlights the severe health risks associated with vaping, including nicotine addiction, respiratory issues, and long-term cognitive impairments. According to the American Lung Association, some vape ingredients have been found to cause irreversible lung damage, while nicotine exposure during adolescence can permanently alter brain development. Kids who use nicotine products are also at increased risk for future addiction to other drugs. 

    The rapid rise popularity of vaping among teenagers reversed years of progress in reducing youth nicotine use. 

    For their illegal conduct and role in fueling the youth vaping crisis, Attorney General James is seeking broad relief from the companies, including a permanent ban on selling flavored vapes in New York, significant financial penalties and restitution for harm caused to New Yorkers, public corrective statements to inform consumers of the dangers of vaping, and the creation of an abatement fund to address and mitigate the effects of the public health crisis these companies helped create. In addition, OAG is pursuing total disgorgement of all revenues earned as a result of illegal activity. In total, Attorney General James is seeking hundreds of millions of dollars in financial compensation for the havoc these companies’ products and marketing have wreaked on New York’s kids and their health and well-being.

    The manufacturers, distributors, and retailers named in the lawsuit are Puff Bar, MYLE Vape, Pod Juice, Mi-One Brands, Happy Distro, Demand Vape, EVO Brands, PVG2, Magellan Technology, Midwest Goods, Safa Goods, EVO Brands, and Price Point Distributors, as well as Price Point principals Weis Khwaja, Hamza Jalili, and Mohammad Jalili. 

    “These predatory companies purposefully preyed on our classmates and peers, irreparably damaging our lives,” said Erin Kennedy, founder of anti-vaping advocacy group at East Hampton High School and a frontline witness to the second youth nicotine epidemic. “Therapeutic tools are the only useful actions to try to help the second wave of youth nicotine addiction. Money received from lawsuits with vaping companies must be funneled to therapeutic treatments to try and undo the harm, even death, created by these exploitative companies.”

    “I thank Attorney General James for her significant financial commitment to Suffolk County to hopefully invest in community-based therapeutic treatments for my friends and classmates who have been poisoned and now struggle with nicotine addiction,” said Samantha Price, founder of anti-vaping advocacy group at East Hampton High School and a frontline witness to the second youth nicotine epidemic.  

    “Vaping continues to be a public health issue for teens and young adults and has been exacerbated by irresponsible marketing strategies,” said Dr. Susan Gasparino, Medical Director of the Clinical and Community-Based Programs at the Center for Community Health & Prevention at the University of Rochester Medical Center. “I applaud and sincerely thank Attorney General Letitia James for, once again, taking action to hold these companies accountable. Her efforts, paired with the counseling and educational services like those we provide at our Center’s clinic, are what it takes to see change and advocate for the health of our young people.” 

    “Parents Against Vaping is enormously grateful to New York’s Attorney General Letitia James and her team for their ongoing commitment to and leadership in the fight to protect kids from a predatory industry that seeks to addict an entire generation to nicotine,” said Meredith Berkman, Co-Founder of Parents Against Vaping. “By going after those who deliberately market, promote, and peddle illegal flavored vapes to minors, causing serious negative health consequences that can impact young people for years to come, the Attorney General makes clear that she will not allow these bad actors to continue making enormous profits while harming New York’s children.” 

    “The vaping industry has taken advantage of youth as a vulnerable and profitable market through flavoring, advertising, and sales techniques, putting their health at risk,” said Melissa Safford, Program Director of Uplift Irondequoit. “Our coalition and community work hard to promote prevention amid a market that is flooded with false claims surrounding the safety and benefits of vaping. It is wonderful to see that Attorney General James is continuing to be a champion for youth’s health, protecting them from the vaping industry.” 

    “The Long Island Council on Alcoholism and Drug Dependence (LICADD) offers our professional support to the continued leadership by our New York State Attorney General Letitia James in her unwavering efforts to keep New Yorkers safe from unscrupulous marketing strategies flagrantly targeting our youth and exposing them to dangerous and addictive nicotine products,” said Steve Chassman, Executive Director of LICADD. “Nicotine is a potent mind- and mood-altering drug that potentially develops into a physical and psychological dependence. The implications of nicotine intoxication and dependence for young people on their mental, physical, academic, and social well-being are far reaching when dangerous levels of nicotine are consumed at a vulnerable age. These dangerous products are being callously marketed as ‘candy-like’ materials, distorting the harmful effects the drug has on human development. LICADD commends Attorney General Letitia James for fighting for the health and wellness of our youth who are potentially falling prey to monetary greed and a total disregard of public health.” 

    This lawsuit builds on Attorney General James’ efforts to hold the vaping industry accountable. Last month, Attorney General James filed a lawsuit against a retailer in upstate New York for knowingly selling vapor products to underage customers. In April 2023, Attorney General James secured $462 million from Juul Manufacturers for its role in the youth vaping epidemic. In August 2021, Attorney General James co-led a bipartisan coalition calling on the FDA to regulate e-cigarettes and oral nicotine products. In December 2020, Attorney General James ordered dozens of retailers across the state to immediately stop selling e-cigarette products to underage customers and to stop selling flavored vaping products in violation of New York state law. Also in December 2020, Attorney General James held a roundtable with elected officials, students, and parents on the subject of vaping among young people in New York state. In July 2020, Attorney General James cracked down on three online retailers that were illegally selling e-cigarettes online to consumers in New York, including minors. In April 2019, Attorney General James led a coalition of seven states in urging the Food and Drug Administration (FDA) to take stronger action in addressing the scourge of e-cigarette use among youth by taking proposed measures such as strengthening guidance, beginning enforcement earlier, and banning online sales of e-cigarettes.   

    This matter is being handled by Special Counsel Monica Hanna with assistance from Health Care Deputy Bureau Chief Leslieann Cachola, Special Counsel for Complex Litigation Collen Faherty, Assistant Attorneys General Alex Finkelstein, Wil Handley, and Joy Mele, Legal Assistants Ketty Dautruche and Dana-Ann Henry, and Document Review Managers Carol Cheng and Kristin Petrella, under the supervision of Health Care Bureau Chief Darsana Srinivasan. Data analysis was provided by Data Scientist Blythe Davis under the supervision of Deputy Director Gautam Sisodia and Director Victoria Khan of the Research and Analytics Department. The Health Care Bureau is part of the Division of Social Justice which is led by Chief Deputy Attorney General Meghan Faux and overseen by First Deputy Attorney General Jennifer Levy.   

    MIL OSI USA News –

  • MIL-OSI United Kingdom: UK Chair statement: Ministerial Roundtable on Sudan

    Source: United Kingdom – Executive Government & Departments

    Statement highlighting UK Minister for Development, Anneliese Dodd’s attendance at a ministerial roundtable to urgently address the rapidly deteriorating humanitarian crisis in Sudan.

    On 13 February, the UK Minister for Development, Anneliese Dodds MP, convened Ministers and other representatives virtually from Canada, Egypt, EU, France, Germany, Saudi Arabia, Netherlands, Norway, Qatar, UAE and USA with the UN Emergency Relief Coordinator, Tom Fletcher. The participants discussed how to urgently address the rapidly deteriorating humanitarian crisis in Sudan where over 30 million people are in urgent need of assistance, more than 12 million are displaced and famine conditions have been confirmed.

    The participants agreed on the critical need for both warring parties to adhere to their commitments agreed in the Jeddah Declaration to respect international humanitarian law, protect civilians and facilitate the rapid and unimpeded passage of humanitarian relief both into and throughout Sudan. They expressed concern that only a fraction of aid available has been able to reach those in most need and discussed the importance of all sides lifting the bureaucratic impediments that are unnecessarily blocking or delaying the distribution of aid.

    They took note of other efforts to galvanise international action and attention on the humanitarian situation in Sudan, including the High-Level Humanitarian Conference for the People of Sudan co-hosted by Ethiopia, UAE, the African Union and the Intergovernmental Authority on Development on 14 February that called for a Ramadan humanitarian pause and the launch of the 2025 UN Sudan Humanitarian Needs and Response Plan and the Regional Refugee Response Plan on 17 February.

    The participants re-affirmed their commitment to the Sudanese people and agreed to re-convene at regular intervals to strengthen the international response to the humanitarian crisis in Sudan.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 20 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Minister’s statement on racism in Northern B.C.

    Christine Boyle, Minister of Indigenous Relations and Reconciliation, has released the following statement denouncing the recent defacing of the Treaty 8 Tribal Association’s office with racist and anti-Indigenous graffiti:

    “We stand together with Treaty 8 Nations and community leaders to denounce and condemn the racist vandalism that occurred over the Family Day weekend at the Treaty 8 Tribal Association’s office.

    “Hate crimes, racist remarks and hate speech have no place, whatsoever, in British Columbia. It is upsetting, it is hurtful and it takes us backwards.

    “It’s important that we all stand together to actively denounce any acts of racism and nurture communities where everyone feels safe.

    “Honouring Treaty 8 is a critical part of B.C.’s work to advance reconciliation.

    “Our government is committed to continued work on anti-racism initiatives as set out by the attorney general and with a specific focus on anti-Indigenous racism for those in Treaty 8 territory and for people throughout the province.”

    MIL OSI Canada News –

  • MIL-OSI: Tai Software Carrier Performance Audit Feature Helps Freight Brokers Optimize Relationships and Reduce Risk

    Source: GlobeNewswire (MIL-OSI)

    HUNTINGTON BEACH, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) — Tai Software, a leading provider of Transportation Management Systems (TMS) for freight brokers, has launched Carrier Scorecards, an advanced feature designed to help brokers assess and improve carrier relationships and reduce the risk of fraud through data-driven performance audits.

    Carrier Scorecards provide a structured approach to evaluate carriers based on key performance indicators (KPIs) such as punctuality, responsiveness, and overall customer satisfaction. Using tailored audit questions, brokers gain specific insights into each carrier’s performance. These insights help them make more informed decisions when selecting carriers for future shipments.

    “Powerful relationships drive our industry. We developed Carrier Scorecards to give brokers a tool to refine their carrier relationships based on concrete performance data,” said Daniel Ely, Product Chief Officer. “Leveraging these insights is a broker’s best strategic step toward providing exceptional customer experiences and building sustainable, long-term partnerships.”

    Key Features of Carrier Scorecards

    • Carrier Performance Audits: Brokers create customized audit questions to evaluate carriers on KPIs that align with their business objectives. Following every shipment, brokers use these audits to gather feedback from customers.
    • Carrier Score Calculation: Each audit response contributes to an overall carrier rating on a 1 to 5-star scale. These scores are calculated based on question categories and response frequency, giving brokers an accurate and real-time view of carrier reliability.
    • Total and Individual Service Scores: Carriers receive both an overall score and specific scores for pickup and delivery. Each audit question also receives a separate score, allowing for a detailed performance breakdown.
    • Scorecard Availability: Each carrier’s scorecard is readily accessible in their profile, along with the number of audits completed, providing an easily accessible performance history.
    • Filter Scores by Date: Brokers can view carrier scores for a specified date range, allowing for more focused performance tracking during specific periods.

    Here’s an example of how powerful Carrier Scorecards can be for a broker. The scorecards will report both on-time and late deliveries. If a broker notices a pattern of late deliveries from a certain carrier, they have the choice to address the issue directly with that carrier or consider other carrier options for critical shipments in the future.

    Carrier Scorecards empower freight brokers to make strategic data-driven carrier selections that reduce operational risks, enhance service quality, and drive business growth. This feature is now available to all users as part of Tai’s commitment to advancing efficiency and scalability for all freight brokers.

    About Tai
    Tai Software is a fully integrated freight management platform that drives efficiency and growth for brokers. Tai TMS automates operations for both Full Truckload (FTL) and Less-than-Truckload (LTL) shipments, integrating seamlessly with major carriers and technology partners. With over 500 tool integrations and more than 20 years of industry innovation, freight brokers trust Tai TMS to simplify their processes and focus on strategic business growth. To learn more about Tai Software, visit www.taisoftware.com.

    Please contact Vanessa Galvis, Marketing Director, at vanessa.galvis@tai-software.com.

    The MIL Network –

  • MIL-OSI: Federal Home Loan Bank of Atlanta Announces Preliminary Fourth Quarter and Annual 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Feb. 20, 2025 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (the Bank) today released preliminary unaudited financial highlights for the quarter and year ended December 31, 2024. All numbers reported below for 2024 are approximate until the Bank announces audited financial results in its Form 10-K, which is expected to be filed with the Securities and Exchange Commission (SEC) on or about March 7, 2025.

    Fourth Quarter 2024 Operating Results

    • Net interest income for the fourth quarter of 2024 was $250 million, an increase of $9 million, compared to net interest income of $241 million for the same period in 2023. The increase in net interest income was primarily related to a decrease in interest rates between the comparative quarters which impacted expense from interest-bearing liabilities more than the income from interest-earning assets, partially offset by a decrease in average advance balances.
    • The average advance balances were $96.1 billion and $111.4 billion for the fourth quarter of 2024 and 2023, respectively.
    • Net income for the fourth quarter of 2024 was $176 million, an increase of $2 million, compared to net income of $174 million for the same period in 2023. The Bank had $16 million of voluntary housing contribution expense during the fourth quarter of 2024, compared to $12 million during the same period in 2023.
    • The net yield on interest-earnings assets for the fourth quarter of 2024 was 67 basis points, an increase of nine basis points, compared to 58 basis points for the same period in 2023. Many of the Bank’s assets and liabilities are indexed to the Secured Overnight Financing Rate (SOFR). Average daily SOFR during the fourth quarter of 2024 was 4.68 percent compared to 5.32 percent for the same period in 2023.
    • The Bank’s fourth quarter of 2024 performance resulted in an annualized return on average equity (ROE) of 8.36 percent as compared to 7.83 percent for the same period in 2023. The increase in ROE was primarily due a decrease in the average total capital outstanding during the fourth quarter of 2024 compared to the same period in 2023.

    Annual 2024 Operating Results

    • Net interest income for the year ended December 31, 2024 was $966 million, an increase of $77 million, compared to net interest income of $889 million for the same period in 2023. The increase in net interest income was primarily related to an increase in interest rates during the year which impacted income from interest-earning assets more than the expense from interest-bearing liabilities, partially offset by a decrease in average advance balances.
    • The average advance balances were $98.8 billion and $125.4 billion for the year ended December 31, 2024 and 2023, respectively.
    • Net income for the year ended December 31, 2024 was $697 million, an increase of $48 million, compared to net income of $649 million for the same period in 2023. The increase in net income was primarily due to a $77 million increase in net interest income. Additionally, during 2024 the Bank had $49 million of voluntary housing contributions expense, compared to $19 million during 2023.
    • The net yield on interest-earnings assets for the year ended December 31, 2024 was 64 basis points, an increase of 14 basis points, compared to 50 basis points for the same period in 2023. The year-to-date average daily SOFR as of December 31, 2024 was 5.15 percent compared to 5.01 percent for the same period in 2023.
    • The Bank’s 2024 performance resulted in an annualized return on average equity (ROE) of 8.31 percent as compared to 7.43 percent for the same period in 2023. The increase in ROE was primarily due to the increase in net income during the year.

    Financial Condition Highlights

    • Total assets were $147.1 billion as of December 31, 2024, a decrease of $5.3 billion from December 31, 2023.
    • Advances outstanding were $85.8 billion as of December 31, 2024, a decrease of $10.8 billion from December 31, 2023.
    • Total capital was $7.9 billion as of December 31, 2024, a decrease of $183 million from December 31, 2023. Retained earnings increased to $2.8 billion as of December 31, 2024, compared to $2.5 billion as of December 31, 2023.
    • As of December 31, 2024, the Bank was in compliance with all applicable regulatory capital and liquidity requirements.

    Reliable Source of Liquidity

    • For 2024, the Bank originated a total of $311.4 billion of advances, thereby providing significant liquidity to its members to support lending and other activities in their communities. The Bank is proud to continue to execute on its mission to be a reliable source of liquidity and funding for its members, while remaining adequately capitalized.

    Commitment to Affordable Housing and Community Development

    • The Bank is required and commits 10 percent of its income before assessments to support the affordable housing and community development needs of communities served by its members as required by law, which amounted to $72 million for the 2023 statutory Affordable Housing Program (AHP) assessment available for funding in 2024. As of December 31, 2024, the Bank has accrued $77 million to its AHP pool of funds that will be available to the Bank’s members and their communities in 2025 for funding of eligible projects.
    • During the year ended December 31, 2024, the Bank made an additional $49 million of voluntary housing and community investment contributions. This consisted of $15 million of additional voluntary housing contributions to the Bank’s AHP Homeownership Set-aside Program, $8 million of additional voluntary housing contributions to the Bank’s AHP General Fund, $20 million of voluntary contributions to the Bank’s Workforce Housing Plus+ Program, and $6 million of voluntary contributions to the Bank’s Heirs’ Property Family Wealth Protection Fund.
    • In 2025, the Bank has voluntarily committed an additional five percent of its 2024 income before assessments, equal to $41 million, to further support the affordable housing and community development needs of its communities. This will result in a total commitment by the Bank to support affordable housing and community development needs of $118 million in 2025.
    • Since the inception of its AHP in 1990, the Bank has awarded more than $1.2 billion in AHP funds, assisting more than 177,000 households.
     
     
    Federal Home Loan Bank of Atlanta
    Financial Highlights
    (Preliminary and unaudited)
    (Dollars in millions)
     
        As of December 31,
    Statements of Condition  2024    2023
      Advances $         85,829       $         96,608    
      Investments           60,084                 54,207    
      Mortgage loans held for portfolio, net           89                 103    
      Total assets           147,091                 152,370    
      Total consolidated obligations, net           135,851                 141,572    
      Total capital stock           5,148                 5,597    
      Retained earnings           2,785                 2,524    
      Accumulated other comprehensive loss           —                 (5 )  
      Total capital           7,933                 8,116    
      Capital-to-assets ratio (GAAP)           5.39   %             5.33   %
      Capital-to-assets ratio (Regulatory)           5.39   %             5.33   %
        Three Months Ended December 31,   Years Ended December 31,
    Operating Results and Performance Ratios  2024    2023    2024    2023
      Net interest income $         250       $         241       $         966       $         889    
      Standby letters of credit fees           4                 4                 17                 10    
      Other income (loss)           2                 (1 )               6                 (5 )  
      Total noninterest expense (1)           61                 51                 215                 173    
      Affordable Housing Program assessment           19                 19                 77                 72    
      Net income           176                 174                 697                 649    
      Return on average assets           0.46   %             0.41   %             0.45   %             0.36   %
      Return on average equity           8.36   %             7.83   %             8.31   %             7.43   %
    __________
    (1) Total noninterest expense includes voluntary housing and community investment contributions of $16 million and $12 million for the three months ended December 31, 2024 and 2023, respectively, and $49 million and $19 million for the years ended December 31, 2024 and 2023, respectively.
       

    Additional financial information concerning the Bank’s results of operations for the most recently completed year ended December 31, 2024, will be available in the Bank’s Form 10-K that the Bank expects to file with the SEC on or about March 7, 2025 and will be available at www.fhlbatl.com and on www.sec.gov.

    About Federal Home Loan Bank of 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 is a cooperative whose members 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 (FHLBank 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.

    To the extent that the statements made in this announcement may be deemed as “forward-looking statements”, they are made within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, which include statements with respect to the Bank’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties, and other factors, many of which may be beyond the Bank’s control, and which may cause the Bank’s actual results, performance, or achievements to be materially different from the future results, performance, or achievements expressed or implied by such forward-looking statements, and the reader is cautioned not to place undue reliance on them, since those may not be realized due to a variety of factors, including, without limitation: legislative, regulatory and accounting actions, changes, approvals or requirements; completion of the Bank’s financial closing procedures and final accounting adjustments for the most recently completed quarter; SOFR variations; future economic, liquidity and market conditions (including in the housing market and banking industry); changes in demand for advances, advance levels, consolidated obligations of the Bank and/or the FHLBank System and their market; changes in interest rates; changes in prepayment speeds, default rates, delinquencies, and losses on mortgage-backed securities; volatility of market prices, rates and indices that could affect the value of financial instruments; changes in credit ratings and/or the terms of derivative transactions; changes in product offerings; political, national, climate, and world events; disruptions in information systems; membership changes; mergers and acquisitions involving members; changes to the Bank’s voluntary housing program and other adverse developments or events, including extraordinary or disruptive events, affecting the market, involving other Federal Home Loan Banks, their members or the FHLBank System in general, including acts or war and terrorism. Additional factors that might cause the Bank’s results to differ from forward-looking statements are provided in detail in our filings with the Securities and Exchange Commission, which are available at www.sec.gov.

    The forward-looking statements in this release speak only as of the date that they are made, and the Bank has no obligation and does not undertake to publicly update, revise, or correct any of these statements after the date of this announcement, or after the respective dates on which such statements otherwise are made, whether as a result of new information, future events, or otherwise, except as may be required by law. New factors may emerge, and it is not possible for us to predict the nature of each new factor, or assess its potential impact, on our business and financial condition. Given these uncertainties, we caution you not to place undue reliance on forward-looking statements.

    CONTACT: Sheryl Touchton
    Federal Home Loan Bank of Atlanta
    stouchton@fhlbatl.com
    404.716.4296

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