Category: Politics

  • MIL-OSI Africa: Kinshasa’s traffic cops run an extortion scheme generating five times more revenue than fines

    Source: The Conversation – Africa – By Raúl Sanchez de la Sierra, Assistant Professor, University of Chicago

    Commuting in Kinshasa, the capital of the Democratic Republic of Congo, presents challenges for its 17 million residents. Massive traffic jams and unsafe driving cause chaos on the roads, leading to long delays.

    The chaos has become a pressing concern for residents. Reaching Gombe, Kinshasa’s central business district, for instance, can take up to five hours from surrounding neighbourhoods.

    When he came to power in January 2019, President Felix Tshisekedi promised to combat Kinshasa’s traffic chaos by targeting road infrastructure. This included constructing an interchange and flyover. One-way traffic was introduced on certain streets. These have had little effect. Kinshasa’s traffic issues persist.

    While congestion in the capital is usually blamed on poor infrastructure, there are some harder-to-see causes. As social science researchers, we set out to understand what institutional factors might be behind the city’s gridlock.

    In a recent paper, we analysed an illegal revenue-generating scheme inside Kinshasa’s traffic police agency involving a coalition of traffic police agents, their managers and judicial officers. We studied the role this scheme plays in the city’s traffic conditions.

    Under the scheme, known as the quota system, station managers (police commanders) assign street agents a daily quota of drivers to escort to the station, often based on fabricated allegations.

    Our findings and analysis provide insights into how the quota system causes traffic jams and accidents, undermining the police agency’s mandate of traffic regulation. We also detail how corruption operates as a coordinated system rather than as isolated acts of individual misconduct.

    The problem

    Like many traffic police agencies worldwide, Kinshasa’s traffic police are tasked with managing key intersections and enforcing traffic rules.

    Similar to many other civil servants in the Democratic Republic of Congo, police officers earn meagre salaries – around US$70 monthly. Anecdotal observation suggests that the police service lacks funds for basic necessities such as fuel or communication costs. Low resources have contributed to police officers extracting funds from drivers, partly for personal profit, partly to cover the costs for their police work.

    A major way in which this is done is through a specific scheme involving traffic police agents. We found that station managers assign different street agents a daily quota of drivers to bring to the station.

    To meet this quota, agents often use brute force and have the discretion to invent infractions that they report at the police station. The dilapidated state of most cars in Kinshasa helps police officers with this task.

    At the station, agents pass the allegations to judicial officers, who have the power to issue charges – or demand bribes so drivers avoid formal penalties. Many drivers try to avoid this extortion by developing relationships with influential protectors. These are people who can intervene on a driver’s behalf and are often high-placed security officers or politicians.

    Our research

    After three years of qualitative fieldwork, we built trust with a large number of individuals inside and around the traffic police agency. This enabled us to design data collection systems in 2015 to study the traffic police agency’s practices.

    We relied on the cooperation of 160 individuals and generated the following data:

    • direct observations of over 13,000 interactions between officers and drivers at intersections

    • station records of 1,255 escorted vehicles, including bribe negotiations and outcomes

    • traffic flow and accident data from 6,399 hourly observations.

    To quantify the cost of this scheme on public service, we added an experiment: we collaborated with police commanders to reduce the daily quotas for some teams and days.

    We encouraged commanders to temporarily cut their teams’ quotas in half. Reducing quotas could be expected to lower corruption demands on agents, reducing corruption overall. It would also enable agents to focus more of their time on managing traffic – an outcome later confirmed by our findings.

    To ensure this approach worked, we compensated commanders for the private income losses they would experience due to the quota reduction, which we carefully estimated before implementing the study. This compensation is not unlike traditional anti-corruption incentives routinely used across the world, except that rather than it being targeted at street-level agents, it targeted the node of this particular scheme: the police commanders.

    What we found

    1. The scheme generates large illicit revenue. The traffic police agency’s real revenue is five times larger than its official income from fines. We found that 68% of the illicit revenue generated through the quota scheme came from bribes paid by drivers after they’d been escorted to the station. The rest of the illicit revenue comes from street-level bribes outside of this quota scheme.

    2. The revenue raised relies on extortion at police stations. Judicial police officers had the power to threaten to issue arbitrary charges. We found that, first, 82% of the allegations were unverifiable by third parties. Second, the amount raised in station bribes was strongly linked to whether a driver was able to call a powerful “protector”.

    3. Extortion in police stations relies on the street agents’ power to arbitrarily escort drivers. These agents use their discretion to fabricate allegations and/or physical force to bring drivers to the station. When a driver was not seen making an infraction, force was more likely to be used.

    Overall, this means that the scheme hinged on a coalition of managers, agents and judicial officers.

    Through the reduction in the quota scheme levels, our scheme also revealed some social costs of this scheme. We found two important results.

    Worse traffic: the quota scheme was accountable for a significant share of traffic jams and accidents observed at street intersections from where the agents operate. Partly through their induced absence and partly through their behaviour, the police officers also create numerous traffic jams and accidents. While this is suggestive rather than conclusive, our estimates suggest that 40% of traffic jams at the main intersections of the city are due to the scheme.

    Diluted incentives to respect the law: the scheme made it less likely that drivers would respect the law. They could be escorted to a police station regardless of whether they complied with the traffic code.

    Why the findings matter

    Our study, which provides rare, detailed evidence of how corruption operates, has three policy implications.

    1. Target officials’ managers, rather than the officials themselves. Visible corruption is only the tip of the iceberg, and hinges on relationships of power and coalitions inside the state.

    2. Limit the discretion of judicial officers to charge the public, or that of agents to escort drivers to police stations arbitrarily.

    3. Incentivise “good” corruption. Encouraging station officials to take a significant share of fines for genuine infractions could give agents an incentive to escort drivers who actually break traffic rules. However, the trade-offs between traffic flow, safety and compliance must be carefully weighed, as quotas tied to fines could worsen congestion.

    – Kinshasa’s traffic cops run an extortion scheme generating five times more revenue than fines
    – https://theconversation.com/kinshasas-traffic-cops-run-an-extortion-scheme-generating-five-times-more-revenue-than-fines-246786

    MIL OSI Africa

  • MIL-OSI: Gevo Completes Acquisition of Red Trail Energy Assets in North Dakota, Expanding a Burgeoning Portfolio of Energy Assets

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., Feb. 03, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), a leading developer of hydrocarbon fuels and chemicals with net-zero greenhouse gas emissions, is pleased to announce that it has acquired the ethanol production plant and carbon capture and sequestration (“CCS”) assets of Red Trail Energy, LLC (“Red Trail Energy”) for an aggregate purchase price of $210 million, subject to customary adjustments, including a working capital adjustment. The acquired assets include the plant, pore space, and we are bringing on their experienced operational personnel. In addition to creating another strategic option for economic and competitively advantaged sustainable aviation fuel (“SAF”) facilities, this acquisition is expected to contribute $30 million to $60 million of Adjusted EBITDA(1) to Gevo annually. The acquired assets are being renamed “Net-Zero North.”

    “This transformational acquisition marks the start of Net-Zero North,” said Gevo Chief Executive Officer, Patrick Gruber. “Looking forward, this is a great site to expand the plant to produce SAF, along with other additional co-located projects. We like the potential annual Adjusted EBITDA of $30 million to $60 million, synergies with the existing Gevo platform of assets, and having CCS assets in the Gevo portfolio as a risk mitigation tool for carbon sequestration for our Net-Zero 1 (“NZ1”) plant under development in South Dakota. The proven CCS site will allow us to permanently sequester biogenic carbon dioxide to produce US products with the highest quantity and quality of carbon abatement to address a growing global market demand. Net-Zero North is a key step on our path to becoming self-sustaining and profitable as a company in advance of our NZ1 project coming online.”

    The transaction was funded with a combination of Gevo equity capital and a $105 million senior secured term loan facility from Orion Infrastructure Capital (“OIC”), a U.S.-based private investment firm. OIC has also indicated interest in providing up to an additional $100 million in debt for future growth projects at Net-Zero North that are mutually agreed upon. In addition, OIC is investing $5 million in equity at Net-Zero North, which is in addition to the equity contributed by Gevo. The investment comes from OIC’s Infrastructure Credit Strategy, which provides non-dilutive and flexible capital to middle market infrastructure businesses in North America. The strategy seeks to capitalize on the growing need for investment and innovation in sustainable Infrastructure in North America.

    “We are thrilled to partner with the Gevo team on this acquisition,” said Ethan Shoemaker, Investment Partner and Head of Infrastructure Credit at OIC. “The Net-Zero North assets bring together operating carbon sequestration, a strong track record of profitability, near-term upside from their industry-leading carbon intensity score, a strong operating team, and room to grow. We are also excited about the potential synergies and incremental value that the Gevo team and platform of assets brings to the Net-Zero North business.”

    “North Dakota is a state that understands both energy and agriculture, and that they are synergistic,” Gruber said. “We expect to continue to partner with the community to grow the business as they’re a resource that understands how oil and gas, pipelines, carbon capture, and regenerative agriculture all fit together. Net-Zero North provides the fundamental pieces of the puzzle towards cost-effective energy production, such as SAF, while addressing the market demand for cost effective, lower-carbon-footprint products.”

    “We’re taking on a first-class operation from the previous owners, with an exemplary safety record and excellent people to back it up,” said Chris Ryan, President and Chief Operating Officer of Gevo. “The operations team have done a great job, and we’re excited they’re continuing on with us. We are already in engineering development for a Net-Zero alcohol-to-jet (“ATJ”) SAF plant to be built at the site.”

    “Net-Zero North is one of a select few ethanol plants in the U.S., of which we are aware, that are expected to maximize value from carbon abatement, including under Section 45Z,” explained Ryan. “Net-Zero North, with its efficient operating profile and CCS, is projected to achieve a carbon intensity (“CI”) score in the low 20s (not including improved agricultural results that farmers can achieve using regenerative agriculture practices) using the variation of the GREET model proposed in the Section 45Z rule. We believe that is about 30 CI points lower than the best plants that are not connected to CCS. British Columbia previously scored the Net-Zero North plant at a CI of 19. This is a great starting point to expand Gevo’s business.”

    Advisors
    Ocean Park Securities, LLC acted as exclusive financial advisor and sole lead arranger on the debt financing for Gevo.

    Acquisition Conference Call
    A conference call will be held on Monday, February 3, 2025, at 10:00am ET to discuss the acquisition.

    To participate in the live call, please register through the following event weblink: https://register.vevent.com/register/BI174d9b6ef4074fed9db695b122abda12

    After registering, participants will be provided with a dial-in number and pin. To listen to the conference call (audio only), please register through the following event weblink: https://edge.media-server.com/mmc/p/7e4padot

    A webcast replay will be available after the conference call ends on February 3, 2025. The archived webcast will be available in the Investor Relations section of Gevo’s website at www.gevo.com..

    Further information regarding the acquisition and accompanying debt financing is included in the Current Report on Form 8-K, which Gevo will file with the U.S. Securities and Exchange Commission (the “SEC”).

    About Gevo
    Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including SAF, motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent CCS facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty ATJ fuels and chemicals. Gevo’s market driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

    For more information, see www.gevo.com.

    About OIC
    With approximately $5 billion in assets under management, OIC invests in North America and select international markets. OIC’s unique partnership approach – for entrepreneurs, by entrepreneurs – cultivates creative credit, equity, and growth capital solutions to help middle market businesses scale and deploy sustainable infrastructure. OIC’s target investment sectors include energy efficiency, digital infrastructure, sustainable power generation, renewable fuels, waste & recycling, and transportation, storage & logistics. OIC was founded in 2015 by a team of energy and sustainability veterans, successful infrastructure investors, and former asset owners and industry operators. Across OIC’s platform is a team of approximately 45 professionals based in New York, Houston, and London.

    Forward Looking Statements
    This release contains “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-looking statements, including statements related to the expected operation of Net-Zero North, the expected effect of the acquisition on Adjusted EBITDA, the expected annual Adjusted EBITDA from Net-Zero North, and our future prospects as a combined company, including our plans for the site and synergies with our other projects. These statements relate to analyses and other information, which are based on forecasts of future results or events and estimates of amounts not yet determinable. We claim the protection of The Private Securities Litigation Reform Act of 1995 for all forward-looking statements in this release.

    These forward-looking statements are identified by the use of terms and phrases such as “anticipate,” “assume,” “believe,” “estimate,” “expect,” “goal,” “intend,” “plan,” “potential,” “predict,” “project,” “target” and similar terms and phrases or future or conditional verbs such as “could,” “may,” “should,” “will,” and “would.” However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions and other expectations reflected in or suggested by such forward-looking statements are reasonable, we cannot assure you that we will achieve those plans, intentions or expectations. All forward-looking statements are subject to risks and uncertainties that may cause actual results or events to differ materially from those that we expected.

    Important factors that could cause actual results or events to differ materially from our expectations, or cautionary statements, include among others, the risk that anticipated benefits, including synergies, from the acquisition may not be fully realized or may take longer to realize than expected, including that the transaction may not be accretive within the expected timeframe or to the extent anticipated; failure to successfully integrate the acquired assets and employees; changes in legislation or government regulations affecting the future operations of the acquired assets; and other risk factors or uncertainties identified from time to time in Gevo’s filings with the SEC. All written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the cautionary statements identified above and in the section entitled “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2023 as well as other cautionary statements that are made from time to time in our other SEC filings and public communications. You should evaluate all forward-looking statements made in this release in the context of these risks and uncertainties.

    We caution you that the important factors referenced above may not reflect all of the factors that could cause actual results or events to differ from our expectations. In addition, we cannot assure you that we will realize the results or developments we expect or anticipate or, even if substantially realized, that they will result in the consequences or affect us or our operations in the way we expect. The forward-looking statements included in this release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

    Media Contact
    Heather Manuel
    Vice President, Stakeholder Engagement & Partnerships
    PR@gevo.com

    IR Contact
    Eric Frey
    Vice President of Corporate Development
    IR@Gevo.com

    (1) Adjusted EBITDA is a non-GAAP measure calculated as earnings before interest, taxes, depreciation and amortization, inclusive of the value of monetizable tax credits such as Sections 45Q and 45Z and excluding project development costs.

    The MIL Network

  • MIL-OSI: Color Star VP Attended The 2025 Davos World Economic Forum

    Source: GlobeNewswire (MIL-OSI)

    New York , Feb. 03, 2025 (GLOBE NEWSWIRE) — During the 2025 Davos World Economic Forum (WEF), artificial intelligence (AI), financial investments, and social ventures have emerged as central topics of conversation among global business and technology leaders. Ren Pelosi, Vice President of Color Technology was invited to participate in a series of discussions at Davos. In a special interview on ESG TV, Ren shared her career transformation journey—from a Wall Street trader to a social impact investor and tech innovator—while delving into high tech and AI’s potential to drive economic growth and societal change. She also explored how investors can seize opportunities presented by technological advancements.

    In her interview on ESG TV, Ren discussed how her financial expertise has enabled her to integrate technological innovation and social impact into investment strategies, creating long-term value. She remarked, “I have always believed in the power of capital, but today’s investments are not just about financial returns; they’re about driving technological progress, sustainability, and social change. AI is reshaping industries, and we stand at the forefront of this revolution.” As a seasoned investor and entrepreneur, Ren has long focused on how technology can drive social change. With extensive experience in Wall Street financial trading and investing, she is also committed to combining social ventures and tech innovation. She has organized and led multiple social impact investing forums, helping emerging tech companies balance sustainability and commercial success. “Technology and capital are reshaping our society. Cutting-edge technologies like AI and blockchain are not only transforming businesses but also making social impact investing possible. Investors need a deeper foresight to capitalize on this wave of technological change.”

    As an investor with a deep financial market background, Ren pointed out that traditional investment logic is being upended, with more capital flowing toward ESG-friendly enterprises. The rise of AI and digital tools has provided new opportunities for impact investing. In the discussion, Ren highlighted her involvement with Color Technology,. Initially focused on traditional offline entertainment, Color successfully completed a transformation during the pandemic, expanding into online entertainment. Now, with the rapid rise of AI, Color Star aims to drive industry change through AI-powered entertainment innovations, creating more personalized and immersive experiences for audiences. In Ren’s view, Color Star represents a new business model—using AI technology to enhance content production efficiency, optimize user experiences, and create a more interactive and immersive entertainment ecosystem.

    “The entertainment industry is evolving at an unprecedented pace,” Ren stated in the interview. “AI is not just improving content production efficiency; more importantly, it’s redefining how audiences interact, enhancing personalized recommendations and immersive experiences. Companies like Color are at the forefront of this transformation, using AI to build the next-generation entertainment ecosystem.”

    Color’s current AI explorations include:

    • Smart Content Creation: AI enables the production of creative content such as music, scripts, and videos, increasing efficiency for creators.
    • Personalized Recommendation Algorithms: AI analyzes user preferences to deliver precise content suggestions.
    • Immersive Entertainment Experiences: Integrating VR/AR and AI to create more interactive future entertainment models.

    Ren is also actively involved in the Social Ventures sector and promotes global impact investing. She emphasized that AI is not only empowering companies like Color but also upgrading the entire investment ecosystem. In several discussions during Davos, Ren repeatedly stressed the need for investors to focus on the long-term societal and corporate impacts of technology, rather than just short-term returns. The companies that balance innovation, profitability, and social responsibility will be the true winners. She has long advocated for capital to support sustainable development, technological innovation, and socially responsible enterprises, and has organized industry forums to help high-potential companies secure investments and resources. “The future market will be dominated by businesses that create both commercial value and social impact. Whether it’s AI in entertainment or blockchain in financial services, we must view the impact of technology from a long-term perspective.”

    As the 2025 Davos Forum draws to a close, Ren’s core message is becoming ever clearer: The future belongs to those who dare to innovate and embrace AI, driving technological advancements and social impact investing. She calls on investors, entrepreneurs, and related players to embrace technological innovation, deeply explore the potential of AI, and ensure that technological progress aligns with ethics and sustainability.

    With her expertise in finance, investment, and technology, Ren is part of the global discussions on the AI revolution, digital innovation, and the future of the entertainment industry.

    Color Deepens AI Empowerment, Shaping the New Era of Entertainment

    As AI technology evolves, Color Star will continue to deepen its application of AI in content production, user experience optimization, and entertainment interaction, ensuring the company maintains its leadership in the global entertainment industry.

    “We are at a critical time in reshaping the entertainment industry,” Ren said. “Color Star will continue to invest in AI and technological innovation, exploring how to use artificial intelligence to create more personalized, immersive, and global entertainment experiences.”

    About Color Star Technology Co., Ltd.

    Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com.

    Forward-Looking Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Color Star. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

    For more information, please contact:
    Color Star Investor Relations
    Office Number No. 1003, 9th Floor,
    7 World Trade Center, Suite 4621        
    New York NY 10007
    Office: (212) 410-5186
    Email ir@colorstarinternational.com

    The MIL Network

  • MIL-OSI Global: Drought can hit almost anywhere: How 5 cities that nearly ran dry got water use under control

    Source: The Conversation – USA – By Sara Hughes, Adjunct Professor of Environment and Sustainability, University of Michigan

    Las Vegas’ water supplier offers rebates to residents who tear out their grass lawns to save water. LPETTET/iStock/Getty Images Plus

    Water scarcity is often viewed as an issue for the arid American West, but the U.S. Northeast’s experience in 2024 shows how severe droughts can occur in just about any part of the country.

    Cities in the Northeast experienced record-breaking drought conditions in the second half of 2024 after a hot, dry summer in many areas. Wildfires broke out in several states that rarely see them.

    By December, much of the region was experiencing moderate to severe drought. Residents in New York City and Boston were asked to reduce their water use, while Philadelphia faced risk to its water supply due to saltwater coming up the Delaware River.

    Parts of the Northeastern U.S. were so dry in summer 2024 that several large wildfires burned in New Jersey, as well as in New York, Connecticut, Massachusetts and even in New York City.
    New Jersey Department of Environmental Protection via AP

    Before the drought, many people in the region weren’t prepared for water shortages or even paying much attention to their water use.

    As global temperatures rise, cities throughout the U.S. are more likely to experience hotter, drier conditions like this. Those conditions increase evaporation, drying out vegetation and soil and lowering groundwater tables.

    The Northeast drought was easing in much of the region in early 2025, but communities across the U.S. should take note of what happened. They can learn from the experiences of cities that have had to confront major water supply crises – such as Cape Town, South Africa; São Paulo, Brazil; Melbourne, Australia; Las Vegas; and New Orleans – and start planning now to avoid the worst impacts of future droughts.

    Lessons from cities that have seen the worst

    Our new analysis of these five cities’ experiences provides lessons on how to avoid a water supply crisis or minimize the effects through proactive policies and planning.

    Many cities have had to confront major water supply crises in recent years. Perhaps the most well-known example is Cape Town’s “Day Zero.”

    After three years of persistent drought in the region, Cape Town officials in fall 2017 began a countdown to Day Zero – the point at which water supplies would likely run so low that water would be turned off in neighborhoods and residents would need to fetch a daily allocation of water at public distribution points. Initially it was forecast to occur in April 2018.

    Residents in Cape Town, South Africa, line up to fill water jugs during a severe drought in 2018.
    AP Photo/Bram Janssen

    Water rates were raised, and some households installed flow restrictors, which would automatically limit the amount of water that could be used. Public awareness and conservation efforts cut water consumption in half, allowing the city to push back its estimate for when Day Zero would arrive. And when the rains finally came in summer 2018, Day Zero was canceled.

    A second example is São Paulo, which similarly experienced a severe drought between 2013 and 2015. The city’s reservoirs were reduced to just 5% of their capacity, and the water utility reduced the pressure in the water system to limit water use by residents.

    Water pricing adjustments were used to penalize high water users and reward water conservation, and a citywide campaign sought to increase awareness and encourage conservation. As in Cape Town, the crisis ended with heavy rains in 2016. Significant investments have since been made in upgrading the city’s water distribution infrastructure, preventing leaks and bringing water to the city from other river basins.

    Planning ahead can reduce the harm

    The experiences of Cape Town and São Paulo – and the other cities in our study – show how water supply crises can affect communities.

    When major changes are made to reduce water consumption, they can affect people’s daily lives and pocketbooks. Rapidly designed conservation efforts can have harmful effects on poor and vulnerable communities that may have fewer alternatives in the event of restrictions or shutoffs or lack the ability to pay higher prices for water, forcing tough choices for households between water and other necessities.

    Planning ahead allows for more thoughtful policy design.

    For example, Las Vegas has been grappling with drought conditions for the past two decades. During that time, the region implemented water-conservation policies that focus on incentivizing and even requiring reduced water consumption.

    Lake Mead, a huge reservoir on the Colorado River that Las Vegas relies on for water, reached record low levels in 2022.
    AP Photo/John Locher

    Since 2023, the Las Vegas Valley Water District has implemented water rates that encourage conservation and can vary with the availability of water supplies during droughts. In its first year alone, the policy saved 3 billion gallons of water and generated US$31 million in fees that can be used by programs to detect and repair leaks, among other conservation efforts. A state law now requires businesses and homeowner associations in the Las Vegas Valley to remove their decorative grass by the end of 2026.

    Since 2002, per capita water use in Las Vegas has dropped by an impressive 58%.

    Solutions and strategies for the future

    Most of the cities we studied incorporated a variety of approaches to building water security and drought-proofing their community – from publishing real-time dashboards showing water use and availability in Cape Town to investing in desalination in Melbourne.

    But we found the most important changes came from community members committing to and supporting efforts to conserve water and invest in water security, such as reducing lawn watering.

    There are also longer-term actions that can help drought-proof a community, such as fixing or replacing water- and energy-intensive fixtures and structures. This includes upgrading home appliances, such as showers, dishwashers and toilets, to be more water efficient and investing in native and drought-tolerant landscaping.

    Prioritizing green infrastructure, such as retention ponds and bioswales, that help absorb rain when it does fall and investing in water recycling can also diversify water supplies.

    Taking these steps now, ahead of the next drought, can prepare cities and lessen the pain.

    Michael Wilson is an employee of RAND, a nonprofit, nonpartisan research organization. This research was funded by the RAND Center for Climate and Energy Futures.

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

    ref. Drought can hit almost anywhere: How 5 cities that nearly ran dry got water use under control – https://theconversation.com/drought-can-hit-almost-anywhere-how-5-cities-that-nearly-ran-dry-got-water-use-under-control-248760

    MIL OSI – Global Reports

  • MIL-OSI Global: 3 ways the Trump administration could reinvest in rural America’s future, starting with health care

    Source: The Conversation – USA – By Randolph Hubach, Professor of Public Health, Purdue University

    Rural America can be idyllic, but many communities still need support. Mint Images via Getty Images

    Rural America faces many challenges that Congress and the federal government could help alleviate under the new Trump administration.

    Rural hospitals and their obstetrics wards have been closing at a rapid pace, leaving rural residents traveling farther for health care. Affordable housing is increasingly hard to find in rural communities, where pay is often lower and poverty higher than average. Land ownership is changing, leaving more communities with outsiders wielding influence over their local resources.

    As experts in rural health and policy at the Center for Rural and Migrant Health at Purdue University, we work with people across the United States to build resilient rural communities.

    Here are some ways we believe the Trump administration could work with Congress to boost these communities’ health and economies.

    1. Rural health care access

    One of the greatest challenges to rural health care is its vulnerability to shifts in policy and funding cuts because of rural areas’ high rates of Medicare and Medicaid beneficiaries.

    About 25% of rural residents rely on Medicaid, a federal program that provides health insurance for low-income residents. A disproportionate share of Medicare beneficiaries – people over 65 who receive federal health coverage – also live in rural areas. At the same time, the average health of rural residents lags the nation as a whole.

    Rural clinics and hospitals

    Funding from those federal programs affects rural hospitals, and rural hospitals are struggling.

    Nearly half of rural hospitals operate in the red today, and over 170 rural hospitals have closed since 2010. The low population density of rural areas can make it difficult for hospitals to cover operating costs when their patient volume is low. These hospital closures have left rural residents traveling an extra 20 miles (32 km) on average to receive inpatient health care services and an extra 40 miles (64 km) for specialty care services.

    The government has created programs to try to help keep hospitals operating, but they all require funding that is at risk. For example:

    • The Low-volume Hospital Adjustment Act, first implemented in 2005, has helped numerous rural hospitals by boosting their Medicare payments per patient, but it faces regular threats of funding cuts. It and several other programs to support Medicare-dependent hospitals are set to expire on March 31, 2025, when the next federal budget is due.

    • The rural emergency hospital model, created in 2020, helps qualifying rural facilities to maintain access to essential emergency and outpatient hospital services, also by providing higher Medicare payments. Thus far, only 30 rural hospitals have transitioned to this model, in part because they would have to eliminate inpatient care services, which also limits outpatient surgery and other medical services that could require overnight care in the event of an emergency.

    Rural emergency hospitals can get extra funding, but there’s a catch: They have no inpatient beds, so people in need of longer care must go farther.
    AP Photo/Rogelio V. Solis

    Services for pregnant women have also gotten harder to find in rural areas.

    Between 2011 and 2021, 267 rural hospitals discontinued obstetric services, representing 25% of the United States’ rural obstetrics units. In response, the federal government has implemented various initiatives to enhance access to care, such as the Rural Hospital Stabilization Pilot Program and the Rural Maternal and Obstetric Management Strategies Program. However, these programs also require funding.

    Expanding telehealth

    Before the COVID-19 pandemic, telehealth – the ability to meet with your doctor over video – wasn’t widely used. It could be difficult for doctors to ensure reimbursement, and the logistics of meeting federal requirements and privacy rules could be challenging.

    The pandemic changed that. Improving technology allowed telehealth to quickly expand, reducing people’s contact with sick patients, and the government issued waivers for Medicare and Medicaid to pay for telehealth treatment. That opened up new opportunities for rural patients to get health care and opportunities for providers to reach more patients.

    However, the Medicare and Medicaid waivers for most telehealth services were only temporary. Only payments for mental and behavioral health teleheath services continued, and those are set to expire with the federal budget in March 2025, unless they are renewed.

    One way to expand rural health care would be to make those waivers permanent.

    Increasing access to telehealth could also support people struggling with opioid addiction and other substance use disorders, which have been on the rise in rural areas.

    2. Affordable housing is a rural problem too

    Like their urban peers, rural communities face a shortage of affordable housing.

    Unemployment in rural areas today exceeds levels before the COVID-19 pandemic. Job growth and median incomes lag behind urban areas, and rural poverty rates are higher.

    Rural housing prices have been exacerbated by continued population growth over the past four years, lower incomes compared with their urban peers, limited employment opportunities and few high-quality homes available for rent or sale. Rural communities often have aging homes built upon outdated or inadequate infrastructure, such as deteriorating sewer and water lines.

    Rental homes in older towns can become run down. Community maintenance of pipes and other services also requires funding.
    LawrenceSawyer/E+ via Getty Images

    One proposal to help people looking for affordable rural housing is the bipartisan Neighborhood Homes Investment Act, which calls for creating a new federal tax credit to spur the development and renovation of family housing in distressed urban, suburban and rural neighborhoods.

    Similarly, the Section 502 Direct Loan Program through the U.S. Department of Agriculture, which subsidizes mortgages for low-income applicants to obtain safe housing, could be expanded with additional funding to enable more people to receive subsidized mortgages.

    3. Locally owned land benefits communities

    Seniors age 65 and older own 40% of the agricultural land in the U.S., according to the American Farmland Trust. That means that more than 360 million acres of farmland could be transferred to new owners in the next few decades. If their heirs aren’t interested in farming, that land could be sold to large operations or real estate developers.

    That affects rural communities because locally owned rural businesses tend to invest in their communities, and they are more likely to make decisions that benefit the community’s well-being.

    A farmer carries organic squash during harvest. Young farmers often struggle to find land to expand their operations.
    Thomas Barwick/Stone via Getty Images

    Congress can take some steps to help communities keep more farmland locally owned.

    The proposed Farm Transitions Act, for example, would establish a commission on farm transitions to study issues that affect locally owned farms and provide recommendations to help transition agricultural operations to the next generation of farmers and ranchers.

    About 30% of farmers have been in business for less than 10 years, and many of them rent the land they farm. Programs such as USDA’s farm loan programs and the Beginning Farmer and Rancher Development Program help support local land purchases and could be improved to identify and eliminate barriers that communities face.

    We believe that by addressing these issues, Congress and the new administration can help some of the country’s most vulnerable citizens. Efforts to build resilient and strong rural communities will benefit everyone.

    Randolph Hubach receives funding from the National Institutes of Health and the Health Resources and Services Administration.

    Cody Mullen receives funding from the Health Resources and Services Administration. He is affiliated with the National Rural Health Association.

    ref. 3 ways the Trump administration could reinvest in rural America’s future, starting with health care – https://theconversation.com/3-ways-the-trump-administration-could-reinvest-in-rural-americas-future-starting-with-health-care-245451

    MIL OSI – Global Reports

  • MIL-OSI Global: Trump’s tariff threats fit a growing global phenomenon: hardball migration diplomacy

    Source: The Conversation – USA – By Nicholas R. Micinski, Assistant Professor of Political Science and International Affairs, University of Maine

    View at the entrance of the United States Embassy taken in Bogota, Colombia Pablo Vera/AFP via Getty Images

    As diplomatic spats go, it was short-lived.

    On Jan 26, 2025, Colombian President Gustavo Petro turned away American military planes carrying people being deported from the United States. In response, U.S. President Donald Trump threatened 25% tariffs and travel bans on Colombian government officials. Despite insisting that “the U.S. cannot treat Colombian migrants as criminals” and needed to “establish a protocol for the dignified treatment of migrants before we receive them,” Petro’s government backed down and resumed cooperation with U.S. immigration officials.

    All this took place in the span of just a few hours. But “migration diplomacy” – the use of diplomatic tools and threats to control the number and flow of migrants – isn’t new. Indeed, it was a feature of Trump’s first administration. And it is not unique to Trump; it has been in the foreign policy playbook of previous U.S. presidents as well as the European Union and governments around the world.

    As an expert on migration policy and international affairs, I have observed the evolution of this global trend, in which nations leverage migration policies for geopolitical ends.

    Richer countries with increasingly populist, nationalist bases are putting in place anti-migrant policies. But these same nations depend on poorer countries to accept deportations and host the majority of the world’s refugees – governments can’t unilaterally “dump” deported immigrants back into the home country, or in a third country.

    And while migration diplomacy can be cooperative, there’s always the possibility a disagreement will spiral into diplomatic spats or outright conflict.

    Threats to control migration

    Migration diplomacy is a relatively recent academic term. But the practice of using foreign policy tools to control migration is centuries old. Common tools of migrant diplomacy fall between the “carrots” of bilateral treaties, development aid and infrastructure investment, and the “sticks” of tariffs, travel bans and sanctions.

    Trump, during his first term, focused more on the sticks, frequently threatening tariffs or cuts in aid to push through deals on migration. For example, in 2018, Trump posted on Twitter that if Honduras and other Central American governments did not stop migrant caravans to the U.S., he would cut all aid: “no more money or aid will be given … effective immediately!”

    A few months later, Trump followed through with the threat, suspending US$400 million in aid to Guatemala, Honduras and El Salvador.

    Trump then upped the ante, posting: “Now we are looking at the ‘BAN,’ … Tariffs, Remittance Fees, or all of the above. Guatemala has not been good.”

    Within three days, Guatemala signed a deal with the U.S. to cooperate on asylum and deportations. Honduras and El Salvador followed suit two months later.

    Similarly, in 2019, Trump threatened Mexico that the U.S. would impose a 5% tariff on goods “until such time as illegal migrants coming through Mexico, and into our Country, STOP.”

    Within 11 days, Mexico signed the Migrant Protection Protocols, known as the “Remain in Mexico” policy, institutionalizing what human rights groups called “illegal pushbacks” that put people at risk of torture, sexual violence and death.

    Imposing visa restrictions

    Under the Immigration and Nationality Act, the U.S. government can stop granting visas to any country that “denies or unreasonably delays accepting an alien who is a citizen.”

    And during his first term, Trump imposed visa restrictions on people from Cambodia, Eritrea, Ghana, Guinea, Laos, Myanmar, Pakistan and Sierra Leone because those countries were deemed to be not cooperating with deportations.

    Such visa restrictions worked with Guinea and Ghana, which both began accepting deportations of their citizens from the U.S.

    Migration as diplomatic weapon

    Nations also use migration policy as tools to push other foreign policy goals not necessarily related to migration. As political scientist Kelly Greenhill explored in her book “Weapons of Mass Migration,” governments are using coercive engineered migration to create pressure against other rival nations. This was seen in 2021 when Belarus bused asylum seekers to the Polish border in an apparent effort to overwhelm the EU’s asylum system.

    Migrants at the Belarusian-Polish border in 2021.
    Leonid Shcheglov/BELTA/AFP via Getty Images

    Similarly, Trump used migration policies to bully other nations into cooperating with the United States. The “Muslim ban” of his first administration – rebranded in later iterations as travel bans – banned entry of citizens from Chad, Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen. While the first executive order pertaining to the ban was immediately criticized as Islamophobic, the administration changed legal reasoning in front of the Supreme Court, arguing that the ban stemmed from nations not sharing information about potential terrorists and due to their passports being vulnerable to fraud.

    The travel bans were an attempt to coerce nations into sharing information with the U.S. and enforcing U.S. standards of identity documents. Indeed, Chad was later removed from the ban when it adopted these standards.

    The use of migration diplomacy by the U.S. government predates Trump. Tit-for-tat restrictions on travel were common throughout the Cold War. In 2001, President George W. Bush applied visa sanctions to Guyana when its government refused to cooperate on deportations. In 2016, President Barack Obama also applied retaliatory visa restrictions on Gambia for failing to accept U.S. deportation flights.

    Conditional aid from EU

    The European Union tends to use carrots rather than sticks to encourage cooperation on deportations. For example, a 2016 EU-Turkey deal provided 6 billion euros (US$6.25 million) in aid for refugees in Turkey in exchange for accepting the deportation of what the EU describes as “irregular migrants.” In 2023, the EU also struck a 105 million euro ($109 million) deal with Tunisia in return for the North African country’s cooperation on preventing irregular migration.

    But like Trump, the EU is not opposed to punishing states for refusing to cooperate on deportations. In April 2024, the EU tightened rules on visas for Ethiopians because their government refused to accept the return of citizens who had asylum claims denied. Earlier, the EU suspended 15 million euros ($15.6 million) in development aid to Ethiopia on similar grounds.

    Migration interdependence

    Trump’s threats and EU migration deals reveal a type of migration interdependence: Rich states in the Global North don’t want to host large numbers of migrants and refugees and need willing partners in the Global South to accept deportations, enforce emigration restrictions and continue hosting the majority of the world’s refugees.

    This interdependence is typically balanced by rich countries footing the bill and poor countries accepting deportations. But migration diplomacy is also used by less powerful nations aware of the opportunity of exacting concessions out of countries, blocs or international bodies. For example, the Kenyan government repeatedly threatened to close the Dadaab refugee camp and expel all Somali refugees unless it received more international aid. Similarly, Pakistan threatened to deport Afghan refugees unless the international community did more, but backed down after significant increases in aid.

    Rwanda extracted around $310 million from the British government without resettling a single person after a 2022 plan aimed at deterring asylum seekers to the U.K. by deporting them to Rwanda – where their cases would be reviewed and eventually settled – was blocked by the European Court of Human Rights and the U.K.’s Supreme Court.

    Similarly, the small South Pacific island nation of Nauru was paid more than $118 million with the aim of hosting all asylum seekers to Australia. The policy broke down after reports of abysmal conditions in Nauru’s detention facilities.

    While migration diplomacy does work both ways, richer countries by and large have the upper hand. And Trump’s threats against Colombia – and others – are just one example of this hardball migration diplomacy.

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

    ref. Trump’s tariff threats fit a growing global phenomenon: hardball migration diplomacy – https://theconversation.com/trumps-tariff-threats-fit-a-growing-global-phenomenon-hardball-migration-diplomacy-248380

    MIL OSI – Global Reports

  • MIL-OSI Global: Trump’s Project 2025 agenda caps decades-long resistance to 20th century progressive reform

    Source: The Conversation – USA – By Colin Gordon, Professor of History, University of Iowa

    There has long been a tug-of-war over White House plans to make government more liberal or more conservative. Douglas Rissing/iStock / Getty Images Plus

    For much of the 20th century, efforts to remake government were driven by a progressive desire to make the government work for regular Americans, including the New Deal and the Great Society reforms.

    But they also met a conservative backlash seeking to rein back government as a source of security for working Americans and realign it with the interests of private business. That backlash is the central thread of the Heritage Foundation’s “Project 2025” blueprint for a second Trump Administration.

    Alternatively disavowed and embraced by President Donald Trump during his 2024 campaign, Project 2025 is a collection of conservative policy proposals – many written by veterans of his first administration. It echoes similar projects, both liberal and conservative, setting out a bold agenda for a new administration.

    But Project 2025 does so with particular detail and urgency, hoping to galvanize dramatic change before the midterm elections in 2026. As its foreword warns: “Conservatives have just two years and one shot to get this right.”

    The standard for a transformational “100 days” – a much-used reference point for evaluating an administration – belongs to the first administration of Franklin D. Roosevelt.

    President Franklin D. Roosevelt signs the Social Security Bill in Washington on Aug. 14, 1935.
    AP Photo, file

    Social reforms and FDR

    In 1933, in the depths of the Great Depression, Roosevelt faced a nation in which business activity had stalled, nearly a third of the workforce was unemployed, and economic misery and unrest were widespread.

    But Roosevelt’s so-called “New Deal” unfolded less as a grand plan to combat the Depression than as a scramble of policy experimentation.

    Roosevelt did not campaign on what would become the New Deal’s singular achievements, which included expansive relief programs, subsidies for farmers, financial reforms, the Social Security system, the minimum wage and federal protection of workers’ rights.

    Those achievements came haltingly after two years of frustrated or ineffective policymaking. And those achievements rested less on Roosevelt’s political vision than on the political mobilization and demands made by American workers.

    A generation later, another wave of social reforms unfolded in similar fashion. This time it was not general economic misery that spurred actions, but the persistence of inequality – especially racial inequality – in an otherwise prosperous time.

    LBJ’s Great Society

    President Lyndon B. Johnson’s Great Society programs declared a war on poverty and, toward that end, introduced a raft of new federal initiatives in urban, education and civil rights.

    These included the provision of medical care for the poor and older people via Medicaid and Medicare, a dramatic expansion of federal aid for K-12 education, and landmark voting rights and civil rights legislation.

    As with the New Deal, the substance of these policies rested less with national policy designs than with the aspirations and mobilization of the era’s social movements.

    Resistance to policy change

    Since the 1930s, conservative policy agendas have largely taken the form of reactions to the New Deal and the Great Society.

    The central message has routinely been that “big government” has overstepped its bounds and trampled individual rights, and that the architects of those reforms are not just misguided but treasonous. Project 2025, in this respect, promises not just a political right turn but to “defeat the anti-American left.”

    After the 1946 midterm elections, congressional Republicans struck back at the New Deal. Drawing on business opposition to the New Deal, popular discontent with postwar inflation, and common cause with Southern Democrats, they stemmed efforts to expand the New Deal, gutting a full employment proposal and defeating national health insurance.

    They struck back at organized labor with the 1947 Taft-Hartley Act, which undercut federal law by allowing states to pass anti-union “right to work” laws. And they launched an infamous anti-communist purge of the civil service, which forced nearly 15,000 people out of government jobs.

    In 1971, the U.S. Chamber of Commerce commissioned Lewis Powell – who would be appointed by Republican President Richard Nixon to the Supreme Court the next year – to assess the political landscape. Powell’s memorandum characterized the political climate at the dawn of the 1970s – including both Great Society programs and the anti-war and Civil Rights movements of the 1960s – as nothing less than an “attack on the free enterprise system.”

    In a preview of current U.S. politics, Powell’s memorandum devoted special attention to a disquieting “chorus of criticism” coming from “the perfectly respectable elements of society: from the college campus, the pulpit, the media, the intellectual and literary journals, the arts and sciences, and from politicians.”

    Powell characterized the social policies of the New Deal and Great Society as “socialism or some sort of statism” and advocated the elevation of business interests and business priorities to the center of American political life.

    A copy of Project 2025 is held during the Democratic National Convention on Aug. 21, 2024, in Chicago.
    AP Photo/J. Scott Applewhite

    Building a conservative infrastructure

    Powell captured the conservative zeitgeist at the onset of what would become a long and decisive right turn in American politics. More importantly, it helped galvanize the creation of a conservative infrastructure – in the courts, in the policy world, in universities and in the media – to push back against that “chorus of criticism.”

    This political shift would yield an array of organizations and initiatives, including the political mobilization of business, best represented by the emergence of the Koch brothers and the powerful libertarian conservative political advocacy group they founded, known as Americans for Prosperity. It also yielded a new wave of conservative voices on radio and television and a raft of right-wing policy shops and think tanks – including the Heritage Foundation, creator of Project 2025.

    In national politics, the conservative resurgence achieved full expression in President Ronald Reagan’s 1980 campaign. The “Reagan Revolution” united economic and social conservatives around the central goal of dismantling what was left of the New Deal and Great Society.

    Powell’s triumph was evident across the policy landscape. Reagan gutted social programs, declared war on organized labor, pared back economic and social regulations – or declined to enforce them – and slashed taxes on business and the wealthy.

    Publicly, the Reagan administration argued that tax cuts would pay for themselves, with the lower rates offset by economic growth. Privately, it didn’t matter: Either growth would sustain revenues, or the resulting budgetary hole could be used to “starve the beast” and justify further program cuts.

    Reagan’s vision, and its shaky fiscal logic, were reasserted in the “Contract with America” proposed by congressional Republicans after their gains in the 1994 midterm elections.

    This declaration of principles proposed deep cuts to social programs alongside tax breaks for business. It was perhaps most notable for encouraging the Clinton administration to pass the Personal Responsibility and Work Opportunity Act of 1996, “ending welfare as we know it,” as Clinton promised.

    Aiming at the ‘deep state’

    Project 2025, the latest in this series of blueprints for dramatic change, draws most deeply on two of those plans.

    As in the congressional purges of 1940s, it takes aim not just at policy but at the civil servants – Trump’s “deep state” – who administer it.

    In the wake of World War II, the charge was that feckless bureaucrats served Soviet masters. Today, Project 2025 aims to “bring the Administrative State to heel, and in the process defang and defund the woke culture warriors who have infiltrated every last institution in America.”

    As in the 1971 Powell memorandum, Project 2025 promises to mobilize business power; to “champion the dynamic genius of free enterprise against the grim miseries of elite-directed socialism.”

    Whatever their source – party platforms, congressional bomb-throwers, think tanks, private interests – the success or failure of these blueprints rested not on their vision or popular appeal but on the political power that accompanied them. The New Deal and Great Society gained momentum and meaning from the social movements that shaped their agendas and held them to account.

    The lineage of conservative responses has been largely an assertion of business power. Whatever populist trappings the second Trump administration may possess, the bottom line of the conservative cultural and political agenda in 2025 is to dismantle what is left of the New Deal or the Great Society, and to defend unfettered “free enterprise” against critics and alternatives.

    Colin Gordon receives funding from the National Endowment for the Humanities, the Mellon Foundation, and the Russell Sage Foundation.

    ref. Trump’s Project 2025 agenda caps decades-long resistance to 20th century progressive reform – https://theconversation.com/trumps-project-2025-agenda-caps-decades-long-resistance-to-20th-century-progressive-reform-247176

    MIL OSI – Global Reports

  • MIL-OSI USA: SBA Offers Relief to Mississippi Businesses, Nonprofits and Residents Hit by December Storms

    Source: United States Small Business Administration

    WASHINGTON – The U.S. Small Business Administration (SBA) announced that low interest federal disaster loans are now available to Mississippi businesses, nonprofit organizations, and residents who sustained physical damages and economic losses from the severe storms and tornadoes that occurred Dec. 28 – 29, 2024. The SBA issued a disaster declaration in response to a request received from Gov. Tate Reeves on Jan. 24.  

    The disaster declaration covers the counties of Choctaw, Clarke, Clay, Greene, Jasper, Jones, Lowndes, Noxubee Oktibbeha, Perry, Wayne and Webster, as well as the counties of Choctaw and Washington in Alabama.

    Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.  

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.  

    Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include strengthening structures to protect against high wind damage, upgrading to wind rated garage doors, and installing a safe room or storm shelter to help protect property and occupants from future damage.

    “SBA disaster loans do more than repair damage, — they may also mitigate against future disasters,” said Randle Logan, acting associate administrator for the SBA’s Office of Disaster Recovery and Resilience. “Expanded funding is available to make pro-active property and building upgrades that protect homes and businesses from future storms.”

    The SBA also offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs, such as ongoing operating expenses for small businesses and private nonprofit (PNP) organizations.  EIDL assistance is available regardless of whether the organization suffered any physical property damage.    

    Interest rates are as low as 4% for businesses, 3.625% for nonprofits, and 2.563% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms, based on each applicant’s financial condition.

    Beginning Thursday, Jan. 30, SBA customer service representatives will be on hand at two Disaster Loan Outreach Centers (DLOC) to answer questions about SBA’s disaster loan program, explain the application process and help individuals complete their application.  

    At the DLOCs, individuals can connect directly with SBA specialists to apply for disaster loans and learn about the full range of programs available to rebuild and move forward in their recovery journey. Walk-ins are accepted, but you can schedule an in-person appointment in advance at appointment.sba.gov. The DLOCs hour of operations are listed below.

    Disaster Loan Outreach Center

    Oktibbeha County

    Oktibbeha County Community Safe Room

    985 Lynn Lane

    Starkville, MS 39759

    Opening: Thursday, Jan. 30, 2025, at 11 a.m.

    Hours: Monday – Friday, 9 a.m. to 6 p.m.

    Saturday, 10 a.m. to 2 p.m.

    Closed: Sunday

    Permanently Closes: Thursday, Feb. 13, 2025, at 4 p.m.  

    Disaster Loan Outreach Center

    Wayne County

    City 2 Voting Precinct

    500 Mississippi Drive

    Waynesboro, MS 39367

    Opening: Thursday, Jan. 30, 2025, at 11 a.m.

    Hours: Monday – Friday, 9 a.m. to 6 p.m.

    Saturday, 10 a.m. to 2 p.m.

    Closed: Sunday

    Permanently Closes: Thursday, Feb. 13, 2025, at 4 p.m.  

    The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.  

    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 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 filing deadline to return applications for physical property damage is March 28, 2025. The deadline to return economic injury applications is Oct. 27, 2025.  

    ###

    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 or 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: Gouverneur Bancorp, Inc. Announces Leading Proxy Advisory Firms, ISS and Glass Lewis, Have Recommended That Stockholders Vote “FOR” the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan

    Source: GlobeNewswire (MIL-OSI)

    GOUVERNEUR, N.Y., Feb. 03, 2025 (GLOBE NEWSWIRE) — Gouverneur Bancorp, Inc. (OTCQB Marketplace: GOVB) (the “Company”), the holding company for Gouverneur Savings and Loan Association, announced today that the two leading proxy advisory firms, Institutional Shareholder Services, Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have both recommended that Company stockholders vote “FOR” the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan at the Company’s annual meeting of stockholders to be held on February 10, 2025.

    “We are pleased that ISS and Glass Lewis have both recommended that our stockholders vote in favor of the equity incentive plan at our upcoming annual meeting,” said Robert W. Barlow, President and Chief Executive Officer. “Our Board of Directors believes that the approval of the plan will provide the Company with the ability to retain, reward, attract and incentivize employees and directors in order to promote growth, improve performance and further align their interests with those of the stockholders of the Company.”

    Annual Meeting of Stockholders

    The Company’s annual meeting of stockholders will be held at the Company’s office located at 20 John Street, Gouverneur, New York 13642 on Monday, February 10, 2025 at 10:00 a.m., local time.

    Stockholders are encouraged to read the Company’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on January 2, 2025 for additional information.

    About Gouverneur Bancorp, Inc.

    Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, which is a New York chartered savings and loan association founded in 1892 that offers deposit and loan services for businesses, families and individuals. At December 31, 2024, the Company had total assets of $196.8 million, total deposits of $159.7 million and total stockholders’ equity of $31.7 million.

    Forward-Looking Statements

    This press release may contain forward-looking statements, which can be identified by the use of words such as “believes,” “expects,” “anticipates,” “estimates” or similar expressions, including those with respect to the Company’s upcoming annual meeting of stockholders, the approval and implementation of the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan and the other benefits associated with the proposed equity incentive plan. Such forward-looking statements and all other statements that are not historic facts are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. These factors include, among others, the following: the ability to successfully integrate acquired entities and realize expected cost savings associated with completed mergers and acquisitions; changes in interest rates; national and regional economic conditions; legislative and regulatory changes; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the size, quality and composition of the loan or investment portfolios; demand for loan products; deposit flows and our ability to effectively manage liquidity; competition; demand for financial services in our market area; changes in real estate market values in our market area; changes in relevant accounting principles and guidelines; and our ability to attract and retain key employees. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.   Should one or more of these risks materialize, actual results may vary from those anticipated, estimated or projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as may be required by applicable law or regulation, the Company assumes no obligation to update any forward-looking statements.

       
    CONTACT: Robert W. Barlow
    President and Chief Executive Officer
    (315) 287-2600
       

    The MIL Network

  • MIL-OSI: Latest CarGurus Brand Campaign Celebrates Life’s Big Deal Moments, Like Buying or Selling a Car

    Source: GlobeNewswire (MIL-OSI)

    The “Big Deal” campaign pays tribute to the momentous experience of car shopping, along with the trusted digital tools from CarGurus that help consumers find the best deal on their big deal

    BOSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited site for shopping, buying, and selling new and used cars1, today announced the launch of its latest national brand campaign, “Big Deal”, recognizing the important role cars play in people’s lives and the significance of making the right decision during a purchase or sale. The new spots empathize with the big decisions drivers make along the buy/sell journey to reach their ideal outcome, underscoring CarGurus’ role in helping consumers find the best deal on their big deal.

    “CarGurus has joined drivers along this important journey for nearly two decades, developing the best tools and information to help consumers feel confident in their decisions as a growing share prefer to do more online before going to the dealership,” noted Dafna Sarnoff, CarGurus Chief Marketing Officer. “As a result, CarGurus has earned the trust of tens of millions of monthly users who turn to our site to make sure they find the best deal for their needs.”

    CarGurus is the No. 1 most visited car-shopping site1, connecting buyers to the best deals by providing complete vehicle history and unbiased deal ratings on the largest selection of new and used vehicles in the U.S.2 Added tools like price drop alerts and the ability to finance in advance enable confident decision-making in one of the biggest purchases of a person’s life. The platform also supports sellers with car pricing tools and the ability to instantly receive multiple offers to sell their car either completely online or through a local dealer in select markets, empowering them to choose the best deal.

    “Although CarGurus makes the process easy with all the tools and information you need to get the best deal, we don’t want to lessen the gravity of the purchase and its significant impact on people’s lives. Buying or selling a car is a huge decision, an emotional experience that we wanted to reflect in this campaign,” said Carter Collins, Partner and Managing Director of Bindery. “Beyond the excitement of working with the No. 1 most visited car shopping site1, partnering with the CarGurus team has been one of our most rewarding and close-knit experiences to date.”

    The “Big Deal” campaign will run across TV networks and connected TV providers. The spots will be supplemented with digital and social executions, including influencer programs throughout the year. View the full campaign video library here: https://cargur.us/19jlLY.

    Creative Credits:

    CarGurus

    • Dafna Sarnoff, Chief Marketing Officer
    • Evan Jones, Creative Director
    • Allison Conroy, Brand Marketing Director
    • Carli Riibner, Sr Brand Marketing Specialist
    • Maggie Meluzio, Director of Public Relations

    Creative and Production – Bindery

    • Carter Collins, Partner, Managing Director
    • Kim Devall, Executive Creative Director
    • Laura Hockstad, Producer
    • Chris Hilk, Editor

    Production – Ruffian

    • Bubble & Squeak, Director
    • Robert Herman, Founder, EP
    • Leslie Vaughn, Line Producer
    • Paul Meyers, Director of Photography
    • Craig Pinckes, 1st Assistant Director

    Production Services – Habitant

    • Arturo Arroyo, Managing Director
    • Montserrat Becerril, Chief of Staff
    • Elizabeth Tapia, Head of Production
    • Ivan Perez, Executive Producer
    • Andrea Fumero, Line Producer
    • Rodrigo Sánchez, Production Manager

    Color + VFX – Trafik

    • Daniel de Vue, Senior Colorist
    • Ali Soofi, Assistant Colorist
    • Geoff Linville, Color Producer
    • Greer Bratschie, Head of Production
    • Karena Ajamian, Executive Producer
Ciaran Birks, VFX Producer
    • Jaime Aguirre, Flame Lead
    • Ben Fall, Flame Assist

    Animation and Text Graphics – Buff Motion

    Sound – Antfood

    • Wilson Brown, Partner, Executive Creative Director
    • Sue Lee, Executive Producer
    • Joshua Heath, Creative Lead
    • Dalton Harts, Composer, Mix Engineer
    • Linton Smith, Mix Engineer
    • Trevor Haimes, Senior Producer
    • Charlie Blasberg, Music Supervisor
    • Katie Hansen, Production Coordinator

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

    CarGurus also operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

    To learn more about CarGurus, visit www.cargurus.com, and for more information about CarOffer, visit www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

    ¹ Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q3 2024, U.S.
    ² Compared to Autotrader.com, Cars.com, TrueCar.com (YipitData as of September 30, 2024), and CarFax (Joreca as of September 30, 2024)

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    Investor Contact:
    Kirndeep Singh
    Vice President, Investor Relations
    investors@cargurus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1267674-ed08-44a3-a107-cde3ff19ccdb

    The MIL Network

  • MIL-OSI United Kingdom: Key takeaways from the Cityforum 2025 Digital Policing Summit

    Source: United Kingdom – Government Statements

    Exploring challenges and opportunities in innovation for delivering safer streets.

    In recent months, the Accelerated Capability Environment (ACE) worked closely with Cityforum to help organise its latest event, the 2025 Digital Policing Summit. Held at BT HQ in London on January 22, the event brought together policymakers, police leaders, government representatives, industry experts and academics.

    Following the recent death of Cityforum founder Marc Lee, this was a poignant event that continued his vision of providing a platform for open discussions and collaborative problem-solving on some of the most pressing challenges facing policing today. From tackling complex societal issues to the challenge and opportunity of artificial intelligence (AI), the conversations were thought provoking and mission driven.   

    Annette Southgate, Head of ACE, joined a panel on sustainable implementation: from research to scalable delivery and mission impact at local, regional, and national levels, while Andy Loukes took to the stage with Stan Gilmour from ACE’s Vivace Community to share our learnings from the work that we have already done on the Safer Streets mission.

    Andy’s presentation featured a compelling case study from ACE’s toolbox, which was well received by attendees.  

    Here are our four key takeaways from the event for delivering the Safer Streets mission: 

    1. Local innovation is crucial 

    One of the strongest themes was the importance of local innovation with speakers emphasising that relying on national solutions often slows progress. Local forces are driving change by quickly adopting new technologies and tailoring them to meet their needs, but this too causes challenges as localised technology procurement is neither sustainable nor secure by design.

    ACE’s case study shared the need to encourage local innovation, start small and then scale fast, applying innovation to forces across the country.  

    There was much discussion of how the new National Centre of Policing will support and scale up this local innovation while allowing police forces to continue to deliver their local priorities – and a recurring theme was that: 

    “Operational independence is not the same thing as organisational independence” 

    2. Scalability: aligning the enablers 

    The challenge of how to embed systemic learning and scale capabilities from local successes into broader practice remains. Scaling solutions is a persistent challenge, not because innovation itself lacks scalability, but because the enablers – funding, infrastructure, standards, and decision-making structures – are often disconnected and siloed. 

    One speaker summarised the issue well: 

    “The safer streets challenge is how to get enablers at the strategic level coordinated, acting at speed, and with the right level of bureaucracy.” 

    And we should be better at sharing our knowledge of success. It’s often unclear who is innovating, where, and how effective those efforts are. Some forces adopt new technologies quickly and lead the way, but others lag behind, often due to limited visibility into what works. A common question raised was: 

    “If we know something works, why aren’t we telling everyone about it?” 

    Clearer knowledge-sharing mechanisms and centralised platforms are essential to track progress, evaluate outcomes,  maximise the impact of innovation, and allow for the coordination of investment in common enablers.  

    Greater collaboration and accountability structures can address this critical bottleneck – from a shared lexicon to standards that go beyond rigid technical specifications to include principles and flexible frameworks that adapt to various contexts.  

    3. Artificial intelligence: a balanced approach 

    AI was a key topic of discussion, with panelists debating its potential to enhance productivity and fill gaps in resource-constrained areas such as policing. AI can automate administrative tasks and free up officers for frontline duties, but public trust and careful implementation remain critical concerns. 

    The consensus was clear: 

    AI shouldn’t replace people – it should empower them.” 

    The goal of applying AI isn’t zero crime but mitigating and preventing incidents while maintaining public confidence. AI must be implemented thoughtfully as a tool to complement human expertise rather than replace it. 

    4. Broadening the mission beyond policing 

    A particularly compelling point was the recognition that safer streets aren’t just a policing challenge. Achieving this goal requires collaboration across sectors, including education, probation, community services, and even the private sector. 

    Policing alone cannot address systemic issues such as serious violence or crime prevention. A coordinated, cross-departmental approach is essential to drive meaningful change. This shift in mindset could transform how resources are allocated and how partnerships are forged across sectors. 

    What’s ahead? 

    The Cityforum policing event reinforced the need for collaboration, alignment, and strategic approaches to innovation. From local-level successes to national strategies, the sector holds immense potential to drive change – but this requires breaking down silos and ensuring all enablers work in harmony. 

    At the heart of these discussions is a clear message: success lies in collaboration, knowledge sharing, and empowering innovation at every level. 

    ACE looks forward to contributing to these conversations and supporting initiatives that make a tangible difference for communities and policing teams alike. ACE is well placed to support forces with mission-driven innovation, in cross sector projects, to join up, de-risk and innovate, identifying and developing enablers to support the police in the future. 

    A huge thanks to the Cityforum team for another outstanding event! We look forward to the next one.

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom

  • MIL-OSI China: China’s CPC sends congratulatory message over 95th anniversary of Vietnam’s communist party

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

    China’s CPC sends congratulatory message over 95th anniversary of Vietnam’s communist party

    BEIJING, Feb. 3 — The Communist Party of China (CPC) Central Committee on Monday sent a congratulatory message to the Communist Party of Vietnam (CPV) marking the latter’s 95th anniversary of founding. The message is as follows:

    In the past 95 years, the CPV has united and led the Vietnamese people in successfully realizing national unification and liberation with remarkable achievements in the cause of the country’s socialist construction and transformation.

    Notably since the 13th CPV Central Committee meeting, the CPV stepped up efforts to build and reorganize the party, leading to political and social stability as well as vigorous economic development in the country with a steady rise in its international status.

    Currently, under the CPV’s strong leadership led by General Secretary To Lam, the CPV and the Vietnamese people are striving to complete the goals and missions set by the 13th CPV Central Committee meeting, and are marching towards the two centennial goals to welcome the holding of the 14th CPV Central Committee meeting. We believe you will surely realize the goals.

    The CPC and the CPV share a long-standing revolutionary friendship and amicable partnership. Under the personal guidance and careful nurturing of the leaders of previous generations including Mao Zedong and Ho Chi Minh, the two peoples have supported each other in revolutionary struggles, marching together in socialist construction, in the drive of reform and opening-up and on the journey of socialist modernization.

    The CPC has always viewed the development of relations between the two parties and the two countries from a strategic and long-term perspective. The CPC is willing to work with the CPV to implement the important consensus reached by the top leaders of the two parties, uphold the 16-word guideline of “long-term stability, future orientation, good-neighborly friendship and comprehensive cooperation” and the spirit of “good neighbors, good friends, good comrades and good partners,” and in line with the six major goals of greater political mutual trust, to increase high-level exchanges, strengthen strategic communication, consolidate traditional friendship, expand cooperation across various fields, and deepen exchanges and mutual learning on the theory and practice of party and state governance, jointly explore a socialist development path suited to their respective national conditions, and push for more progress in building a China-Vietnam community with a shared future to bring greater benefits to both peoples and contribute further to the cause of peace and progress for humanity.

    MIL OSI China News

  • MIL-OSI: ACNB Corporation Announces Completion of Traditions Bancorp, Inc. Acquisition

    Source: GlobeNewswire (MIL-OSI)

    GETTYSBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) — ACNB Corporation (NASDAQ: ACNB), the parent financial holding company of ACNB Bank, a Pennsylvania state-chartered, FDIC-insured community bank, headquartered in Gettysburg, PA, announced the completion of the acquisition of Traditions Bancorp, Inc. (“Traditions”) and its wholly-owned subsidiary, Traditions Bank, headquartered in York, PA, effective February 1, 2025. Traditions was merged with and into a wholly-owned subsidiary of ACNB Corporation immediately followed by the merger of Traditions Bank with and into ACNB Bank. ACNB Bank will operate the former Traditions Bank branches as “Traditions Bank, A Division of ACNB Bank”. In connection with the close of the acquisition, Traditions stockholders received 0.7300 shares of ACNB Corporation common stock for each share of Traditions common stock that they owned as of the closing date, with cash paid in lieu of fractional shares.

    In addition, at the close of the acquisition, three former Traditions directors, Eugene J. Draganosky, Elizabeth F. Carson, and John M. Polli, joined the Boards of Directors of ACNB Corporation and ACNB Bank. Mr. Draganosky has nearly 40 years of banking experience, and is the former CEO and Chair of the Board of Traditions and Traditions Bank, having held those roles since 2017 and 2023, respectively. Ms. Carson, Lead Independent Director of Traditions, joined the Traditions Bank Board in 2015, after over 30 years of banking experience in a variety of leadership roles with community and regional banks. Mr. Polli was a member of the Traditions Bank board of directors since its founding in 2002, and has nearly 40 years of diverse business expertise, from serving as a public accountant to owning, managing, and advising businesses in the transportation, real estate, and insurance industries.

    With the combination of the two organizations, and based on financial information for each organization as of December 31, 2024, ACNB Corporation will have approximately $3.26 billion in assets, $2.04 billion in deposits, and $2.36 billion in loans, and will serve its customers throughout 35 community banking offices in south central Pennsylvania and northern Maryland.

    “We are pleased to announce the completion of our strategic acquisition of Traditions Bancorp, and excited to unite our teams of dedicated local bankers who are committed to their customers and communities,” stated ACNB Corporation President & Chief Executive Officer James P. Helt. “This combination brings together organizations that are unified by a shared vision, values, and a customer-centric approach to banking, to create an even stronger community bank. Importantly, our customers will benefit from expanded products and services delivered by the familiar faces they have come to know and trust. This merger positions us well to continue to grow in the attractive York and Lancaster County markets, and enhances ACNB Bank’s mortgage operations, which will now serve customers throughout our footprint as ‘Traditions Mortgage, A Division of ACNB Bank.’ Together, we look forward to continuing to deliver on our vision of being the financial services provider of choice in the communities we serve.”

    Alan J. Stock, Chair of the Board of ACNB, stated “We welcome Mr. Draganosky, Ms. Carson, and Mr. Polli to the ACNB Boards of Directors, and are confident that their expertise, skills, and strong connections to the York and Lancaster market areas will enhance and complement ACNB’s current Boards of Directors. We are committed to enhancing value for our shareholders and are poised to deliver on that commitment with an experienced and knowledgeable board, a seasoned management group, and a team of bankers and professionals dedicated to a successful integration and customer experience.”

    Bybel Rutledge LLP served as legal counsel and Piper Sandler served as financial advisor to ACNB Corporation for the transaction. Pillar + Aught served as legal counsel and Stephens Inc. served as financial advisor to Traditions Bancorp, Inc.

    About ACNB Corporation
    ACNB Corporation, headquartered in Gettysburg, PA, is the $3.26 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 35 community banking offices and two loan offices located in the Pennsylvania counties of Adams, Cumberland, Franklin, Lancaster and York and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster and Jarrettsville, MD, and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com.

    FORWARD-LOOKING STATEMENTS – In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; banking instability caused by bank failures and financial uncertainty of various banks which may adversely impact the Corporation and its securities and loan values, deposit stability, capital adequacy, financial condition, operations, liquidity, and results of operations; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers’ ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation’s market areas; failure of assumptions underlying the establishment of reserves for credit losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation’s brand and protect the Corporation’s intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses; and, the other factors detailed in ACNB’s publicly-filed documents, including its Annual Report on Form 10-K for the year ended December 31, 2023, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024, and its other filings with the SEC. We caution readers not to place undue reliance on these forward-looking statements. The forward-looking statements only speak as of the date hereof, and ACNB does assume any obligation to revise, update or clarify forward-looking statements to reflect events or conditions after the date of this press release.

    ACNB #2025-5
    February 3, 2025

    Contact:    Kevin Hayes
    SVP/ General Counsel,
    Secretary, and Chief
    Governance Officer
    717.339.5161
    khayes@acnb.com
         

    The MIL Network

  • MIL-OSI Global: Presidential smiles: the untold story of teeth in the White House

    Source: The Conversation – UK – By Rae Gillibrand, Lecturer, Premodern History, University of Leeds

    When Donald Trump joined Elon Musk for a live interview on X (formerly Twitter) late last year, the conversation covered a range of significant topics: his near-assassination, Biden’s withdrawal from the race, and the future of the presidency. However, for many viewers, an unexpected detail stole the spotlight: Trump’s slurred speech and lisp.

    Was Trump wearing dentures? The public certainly seemed to think so. Throughout the interview, the word “dentures” was mentioned over 15,000 times on X and the interview sparked the resurgence of the hashtag #DenturedDonald.

    Why does this matter? Trump is, after all, 78 years old, and a 2017 survey showed that nearly one in four Americans aged 75 and older have no teeth left at all. However, presidential dental health has long had an impact on public perception and leadership itself. From George Washington’s infamous dentures to Teddy Roosevelt’s toothy grin, a president’s teeth (or lack thereof) have often shaped the way they are seen by the American public.

    Since the appointment of George Washington as the first US president, it has been tradition for each new president to commission a portrait of themselves during their time in office. However, it was not until Ronald Reagan’s portrait, completed in 1991, that we saw a president depicted with a smile.

    This is partly to do with practicality – many early portraits were painted from life, and sitting with a smile for hours was almost impossible – and partly to do with etiquette. In the 18th century, a wide smile was considered a sign of lewdness and drunkenness and associated largely with the lower classes.

    Indeed, a 1703 text on “decorum and civility” said that some people part their lips so that “their teeth are almost entirely visible. This is entirely contradictory to decorum, which forbids you to allow your teeth to be uncovered, since nature gave us lips to conceal them.”

    It is often suggested that historical portraits avoided smiles because of poor dental hygiene, but in reality, social conventions played a much larger role. For earlier presidents, maintaining an image of sobriety, morality and respectability was important, and a serious expression was seen as a reflection of these values.

    This all changed with Teddy Roosevelt. When Roosevelt became the 25th US president in 1901, photography was becoming much more accessible. Technological advancements and the introduction of handheld cameras meant that photography could be practised by a much broader range of people.

    Because of this, Roosevelt was often candidly photographed while laughing or smiling, leading to his reputation as “the first president who smiled”.

    He even capitalised on his grin in his 1904 campaign by releasing the Teddy’s Teeth Whistle. Retailing at five cents (US$1.77 or £1.44 in today’s money), supporters were encouraged to buy a set and “blow the horn for Teddy”.

    Roosevelt’s embrace of his smile and the promotion of his teeth marked a shift in how a president’s image could be used to influence public perception, showing that good dental health could be a powerful political tool.

    Worse than wood

    Not all presidents were as diligent as Roosevelt when it came to dental hygiene. George Washington, for example, was infamous for his poor dental health.

    His letters, diaries and financial accounts reveal a long history of dental troubles, ultimately leading to his use of dentures. However, contrary to popular belief, Washington’s dentures were not made of wood. Instead, they were made from materials including ivory, animal teeth and human teeth.

    One of Washington’s account books reveals that he bought nine teeth from enslaved people on his Mount Vernon plantation. This detail adds a sinister layer to the history of Washington’s dental care because, while these people were paid for their teeth, their enslaved status probably left them with little choice in the matter.

    Washington’s poor dental hygiene also extended to his care of his dentures. They became notoriously stained, largely due to his fondness for rich red wine. One letter from his dentist chastised him for the condition of his dentures, stating: “The set [of dentures] you sent me from Philadelphia … was very black, occasioned either by your soaking them in port wine, or by your drinking it. I advise you to either take them out after dinner and put them in clean water … or clean them with a brush.”

    These insights into Washington’s dental struggles underscore the lasting effect of oral health on the presidential image.

    Presidential dental health has played, and continues to play, an important role in shaping public perception, with teeth often serving as symbols of both personal care and political power. Whether influencing how a president is seen or reflecting broader social attitudes, the state of a leader’s teeth has clearly left its mark on the history of the office.

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

    ref. Presidential smiles: the untold story of teeth in the White House – https://theconversation.com/presidential-smiles-the-untold-story-of-teeth-in-the-white-house-248391

    MIL OSI – Global Reports

  • MIL-OSI Global: Why drying clothes indoors could put your health at risk

    Source: The Conversation – UK – By Rebecca A. Drummond, Associate Professor, Immunology and Immunotherapy, University of Birmingham

    Magic Lens/Shutterstock

    Hanging the washing out to dry in the garden has been a rare sight these last few months, with winter storms bringing freezing temperatures and 100mph gusts of wind. But does the way we dry our clothes indoors actually matter?

    Drying wet clothing on racks in poorly ventilated spaces could increase the amount of mould growing in your home, which is associated with poor health and, in some cases, even death.

    When mould grows in your home, it can form black or green coloured patches on the walls, and usually creates an unpleasant musty smell. It shouldn’t be ignored, because being exposed to mould over long periods of time can have serious health implications.

    Mould is a broad term for a group of fungi that produce tiny particles called spores. Fungi produce spores when conditions are right for their growth, which can include cooler temperatures and high humidity. This is why you’re more likely to find mould growing on bathroom ceilings or damp walls, where there is more water for fungal spores to settle and grow.

    There are many different species of mould. The most common ones to cause problems in damp homes are penicillium and aspergillus. It’s estimated that we breathe in small numbers of spores from these fungi on a daily basis.

    Luckily, our immune system is very good at spotting and killing fungal spores, which limits the number of fungal lung infections in humans even though we’re constantly exposed. Immune cells called macrophages sit inside the air spaces of the lungs (called alveoli), and these cells eat anything you inhale that could be considered harmful, including fungal spores.

    Risks for compromised immune systems

    However, there are many people whose immune systems are not able to remove fungal spores, and in these cases the fungi can cause dangerous infections or make underlying health conditions (such as asthma) much worse.

    People who have damaged or compromised immune systems are at higher risk of becoming seriously unwell from fungal infections. Moulds like aspergillus cause infections in patients with limited immune function, or who have lung damage from diseases like asthma, cystic fibrosis and chronic obstructive pulmonary disease (COPD) associated with heavy smoking.

    In people with asthma, the immune system overreacts to triggers (including fungal spores) causing inflammation in the lung. This inflammation makes it more difficult to breathe by reducing the size of the airways. The same type of immune response is responsible for the symptoms of asthma and allergic responses, and fungal spores can also trigger these same types of immune responses. This means that fungal spores can be a particularly powerful trigger for some people.

    In very extreme cases, the fungal spores don’t just cause inflammation but can invade the airways and block them leading to bleeding within the lung. This happens when spores germinate and form long spiderweb-like projections called mycelium which create sticky lumps that block airways and damage the delicate tissues of the lung.

    Growing resistance

    Aspergillus infections are treated with antifungal drugs called azoles, which prevent the fungal cells from forming properly. Azoles are very effective, but there are increasing rates of resistance to azoles reported in aspergillus which is a significant cause for concern.

    We have a limited range of antifungal drugs available to treat mould infections – and when resistance develops this can severely reduce the options a patient has for treatment.

    Resistance to drugs such as azoles can develop in patients who take these drugs for long periods of time, but recent research has indicated that resistance is more commonly developing in the environment, where most fungi are found. This means that even before a patient is diagnosed with an aspergillus infection, it may already be too late for the antifungal drugs to be effective.

    Development of drug resistance in environmental fungi has been linked to use of azoles and other antifungal drugs in farming. Fungal infections are a big problem for crops, and plants need protection from these infections the same way we do. Unfortunately, the same drugs we use in the clinic are the same types that are being used in agriculture.

    Climate change may also be driving drug resistance in environmental fungi. Exposure to high temperatures was recently found to help moulds develop resistance to commonly prescribed antifungal drugs. There have also been reports of patients becoming ill from species of mould that were not thought to cause human disease, in part because they could not grow at the human body temperature.

    More mould species could therefore be picking up the ability to cause infections, as well as becoming drug resistant. Research programs and healthcare initiatives that monitor for these changes are vital to help us become prepared for potential increases in mould infections.

    While a healthy immune system means that typical exposure to fungal spores is not likely to cause you any health problems, being exposed to very large amounts of fungal spores can prove to be fatal even for people who don’t have underlying health issues.

    In 2020, toddler Awaab Ishak died as a direct result of high exposure to fungal spores, caused by excessive damp and mould in his home.

    His death led to a change in UK law (Awaab’s Law) which requires landlords to respond promptly to damp in homes they manage, to ensure that tenants are not exposed to excessive levels of fungal spores which can affect their physical and mental health.

    It’s important, then, to help keep your home free of mould. The best way to do this is ensure you have good ventilation and take other measures to reduce damp, such as using a dehumidifier or investing in a heated clothes rack to dry your clothes indoors in the winter.

    Rebecca A. Drummond receives funding from the Medical Research Council, the Wellcome Trust and the Lister Institute.

    ref. Why drying clothes indoors could put your health at risk – https://theconversation.com/why-drying-clothes-indoors-could-put-your-health-at-risk-248467

    MIL OSI – Global Reports

  • MIL-OSI Global: How to argue without falling out – an expert guide

    Source: The Conversation – UK – By Jessica Robles, Lecturer in Social Psychology, Loughborough University

    Pormezz / Shutterstock

    To disagree is an inescapable part of being human. We simply are not all the same. But whereas a small disagreement may remain amiable, particularly over text or online where we can edit our responses, a face-to-face row over a sensitive topic can develop into a more antagonistic form of argument.

    You may have experienced this over the recent festive season, when many of us spend more time in close contact with our relatives than usual. This can sometimes bring simmering tensions to the surface.

    An argument can start over a lot of things, from politics to each other’s behaviour – something anyone who spends much time on social media will be familiar with. But the stronger the view, the more intense and complex an argument can become.

    So, what can you do to avoid a minor argument becoming a major row – whether online or face-to-face? As an expert in social interactions, I think paying attention to what someone says – and how they say it – is crucial, along with learning how to avoid responding in ways that might blow up in your face.

    Remember, disagreements are a normal part of life and relationships. But here are three key tips for how to avoid them escalating into something more serious.


    Ready to make a change? The Quarter Life Glow-up is a new, six-week newsletter course from The Conversation’s UK and Canada editions.

    Every week, we’ll bring you research-backed advice and tools to help improve your relationships, your career, your free time and your mental health – no supplements or skincare required. Sign up here to start your glow-up at any time.


    1. Manage escalation

    If you disagree with someone, stay in the conversation in a productive way by avoiding using direct insults. Also, take care to avoid actions that may put the other person on the back foot, such as accusing, complaining or mocking them.

    We tend to put a lot of emphasis on the content of an argument, and also on our assumptions about what the other person “really thinks”. What is the argument about? Is it just a misunderstanding – or is it a matter of personality, where one party is biased or has some ulterior motive?

    The rise of social media has created an age of endless conflict.
    pathdoc / Shutterstock

    We care very much whether the person actually believes what they are saying. Research suggests we often resent people playing “devil’s advocate” outside of certain settings.

    But you cannot truly know someone’s intentions, so it’s a good idea to avoid thinking the worst about the person you are arguing with. Otherwise, you might unfairly talk to them as if they’re being manipulative, unfair, damaging or thoughtless.

    2. Be open-minded

    Sometimes, what someone has said may sound (and feel) pretty awful. When this happens, keep two things in mind.

    First, nothing we say has just one meaning. There are often multiple interpretations, and you cannot always trust the first one that leaps to mind when you’re in the heat of the moment.

    During an argument, it’s worth slowing down and thinking through all possible interpretations. Consider asking for a moment to think, or getting a cup of tea to distract both of you from an escalation.

    Second, if what the person is saying still sounds negative no matter how charitable you try to be, ask them to explain more. This may not be easy to do, but people will often reveal what they meant if they have to elaborate. And helping them feel as if they are being carefully listened to might defuse a possible escalation.

    3. Stay on track

    There is another side to this coin: choosing carefully what you say, and keeping in mind how you will come across. Anyone can get caught up in an argument and say something they regret, including you.

    Something to balance carefully is “going meta” – pausing to talk about the argument you’re having and the way you’re having it. This can be productive if, for instance, you ask to keep the conversation focused on something specific. However, it can easily come across as an implicit criticism of the other person.

    If you do choose to discuss the quarrel you’re having, you may have to include an apology or speak in a quieter tone to keep the other person from thinking you are going to accuse them of arguing “wrongly” in some way. It’s challenging, so don’t feel bad if you don’t get it right the first time you try this technique.

    Anyone can get caught up in an argument, including you.
    fizkes / Shutterstock

    Do we have the same values?

    People don’t just argue for the sake of arguing. One of the main reasons for engaging in an argument is to position ourselves in relation to other people. Are we on the same side, and do we have the same values?

    Arguments are also tied to identity. The most contentious arguments generate strong feelings. We’re aware that we might be judged for our opinions, and others will assume that we might judge them in return.

    Mutual judgment can easily escalate not just during a disagreement but in the relationship as a whole, causing a temporary falling-out or even loss of friendship. People who want to avoid this often assume the answer is to simply put their feelings aside and “focus on facts”.

    But denying an emotional response might feel like denying one’s commitment to a valued cause. Recognising that someone feels this way is an important step to knowing what you might be able to change their mind about – and what is best left alone, at least for now.

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

    ref. How to argue without falling out – an expert guide – https://theconversation.com/how-to-argue-without-falling-out-an-expert-guide-236812

    MIL OSI – Global Reports

  • MIL-OSI Global: The Sims: from Hot Date to Get Famous, why expansion packs have been key to the game’s longevity

    Source: The Conversation – UK – By Aditya Deshbandhu, Lecturer of Communications, Digital Media Sociology, University of Exeter

    SimCity 3000, the predecessor to The Sims, played a pivotal part in my childhood, growing up in Hyderabad, India. Its recreation of the western, urban world helped me understand how cities were planned, designed and financed – and how they provided people with key services like transportation, health and education while preparing for accidents and other hazards.

    As an eight-year-old trying to figure out my place in the world, that game offered me a way to make meaning of the chaos that can be life. So, when The Sims launched in 2000 – enabling me to live inside a virtual city, rather than simply build one – I had to get my hands on a copy.

    Twenty-five years later, I write this piece in a drastically different gaming landscape, where games offer high visual fidelity and ever-increasing frame rates for ultra-smooth game play. But despite all these technological innovations and the pursuit of photo-realism, the popularity of The Sims’ game designer Will Wright’s satire on American consumer culture endures.


    Sul Sul! This article is part of a mini series from The Conversation marking 25 years of The Sims franchise.


    The franchise’s four Sims games had sold over 200 million copies before the latest instalment, The Sims 4, became free to play in 2022. Players now spend their money on extras within the game. Over 85 million people played The Sims worldwide in 2024.

    At a time when the success of a modern video game is measured in metrics like “cumulative engagement time” (number of players playing at the same time), acquisition of new players and “intensity of engagement” (number of hours spent by a player), now-over-a-decade-old The Sims 4 continues to excel with its mastery of the live-service format.

    The trailer for the first Sims game.

    Live-service describes the form modern digital games embrace when they transition from conventional products into “services” – a shift made possible because games today can be regularly updated, fixed and expanded upon by their makers remotely. They can acquire new levels and in-game features in a similar way to how streaming platforms like Netflix drop new episodes of your favourite show.

    Players don’t buy a live-service game, they sign up for the journey.

    Expanding player horizons

    In each incarnation of The Sims, players have been able to access new ways to perform roles and tasks that mimic everyday life, in the form of expansions and content packs.

    The original title, The Sims (2000), had seven expansion packs and two content packs. I distinctly remember brewing potions in the chemistry lab and rubbing a magic lamp to conjure a genie in the first expansion, Livin’ Large; the new holiday island that was built for The Sims: Vacation; and leaving my Sim’s home to visit downtown areas as part of Hot Date.

    The trailer for The Sims Hot Date expansion pack.

    But for The Sims 4 (2014), the developers went all in. This game – and its subsequent expansions – represents a digital supermarket of lifestyles, sub-cultures, activities and stardom. For example, 2018’s Get Famous pack not only introduced Del Sol Valley – a region that resembled Los Angeles and the Hollywood Hills – but also introduced the “reputation” mechanism for players.

    The Discover University expansion (2019) allowed players to take their Sims to school in a new region called Britechester – after this update, the game integrated Sims’ careers and education, and in many ways changed the rules of the game. And the Eco Lifestyle expansion pack (2020) is memorable because the game engaged with ideas of sustainable living for the first time.

    Genre, fantasy and reality

    From content packs featuring a digital recreation of singer Katy Perry in The Sims 3 to collaborations with streamers, content creators and fashion houses, The Sims has remained relevant by consistently blurring the lines between genre, reality and fantasy.

    Hot Date was a popular early Sims expansion pack.

    Today, video game makers the world over try to master formats like free-to-play games where players pay for cosmetic items, customisations and added content, or expansions offering downloadable content. The Sims set the standard for most of them.

    Over the past 25 years, this franchise has had several life simulation competitors in the form of Second Life, Facebook’s once popular Farmville, virtual reality experiences like Half-Life: Alyx and, during the pandemic when we worked, learnt and played online, initiatives like the Metaverse.

    However, today only The Sims endures. The game’s developers continue to give its players what they want, while also getting them to engage with difficult ideas like sustainability, the question of life and death, and even gentrification (For Rent expansion pack, anyone?).

    Few games let players critique life so closely. For game researchers like me, this begs the question: do people play life simulation games like The Sims in order to build alternative lives, relive their own – or create something entirely new?


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

    ref. The Sims: from Hot Date to Get Famous, why expansion packs have been key to the game’s longevity – https://theconversation.com/the-sims-from-hot-date-to-get-famous-why-expansion-packs-have-been-key-to-the-games-longevity-248604

    MIL OSI – Global Reports

  • MIL-OSI Global: Will multinational companies flock to Syria? Maybe, if foreign aid arrives first

    Source: The Conversation – UK – By Ana Carolina Garriga, Professor of Political Science, University of Essex

    hanohiki / Shutterstock

    Syria’s new foreign minister, Asaad al-Shaibani, recently appeared at the World Economic Forum’s annual conference in the Swiss resort of Davos. He announced that his country is open for business and seeking foreign investment.

    After more than 13 years of civil war and decades of dictatorship that saw Syria become a pariah state, the country needs all the financial support it can get. But will foreign firms set up shop in Syria?

    Countries like Syria, emerging from conflict, face the challenge of convincing investors they are a safe environment for investment. Our research suggests companies look at what governments are doing in terms of aid when considering whether to invest. In general, post-war countries that receive more foreign aid subsequently receive more foreign investment.

    Foreign direct investment (FDI) typically involves multinational companies building factories, opening stores or investing capital in businesses abroad. It can be highly beneficial for developing countries.

    FDI is the most stable source of international financing, and generally has positive long-term effects on economic growth and poverty reduction. More importantly for incumbent governments, FDI has positive short-term effects on domestic employment, government financing and spending, and foreign exchange reserves.

    It also has a potential positive effect on government approval ratings, as attracting inward FDI signifies political competence to voters. These reasons are why almost all governments compete to receive these financial flows.

    FDI is especially important in post-conflict countries. Civil wars typically destroy or seriously harm the productive capacity of countries. In Syria, the conflict destroyed tens of billions of US dollars worth of infrastructure, and incapacitated more than half its electrical grid.

    After 13 years of civil war, Syria needs all the financial support it can get.
    Vagabjorn / Shutterstock

    War often disrupts a country’s access to the international economic exchanges that help economic growth. Since the beginning of its conflict in March 2011, Syria’s annual exports have dropped from US$8.8 billion (£7.1 billion) to US$1 billion, due to the war and war-related sanctions. Its economy has shrunk by 54%.

    Foreign investment can contribute substantially to rebuilding the economy. But post-conflict countries might seem risky to investors.

    Foreign firms sometimes avoid countries plagued by violence, political instability, or political risk. Conflict could reemerge in Syria, and multinational corporations probably do not want their business in a place where factories could be bombed or customers killed.

    Post-conflict situations are also relatively information-poor environments. Conflict often hampers data collection efforts, and governments, in desperate need of capital, may be incentivised to misrepresent the actual state of the economy or strength of the political system.

    In the case of Syria, foreign observers do not know what to make of the new ruling coalition, which is led by a designated terrorist organisation in Hayat Tahrir al-Sham. While the international community seems to want to support Syria – the UK, for example, has been clear about its intention to help the country – observers are unsure about the environment and how it might change in the coming years.

    In these kinds of situation, international investors look at a variety of signals. In our research, we show that one key signal is whether other governments have sent official development aid to post-conflict countries.

    Following the aid

    We argue that the decision to send aid to a country signals the donors’ trust of local authorities. What matters is this presence of aid, whether or not the aid achieves its intended purpose.

    Examining decades of global data, we have found a robust relationship between foreign aid and subsequent investment in post-conflict countries – with one striking exception.

    There does not seem to be a relationship between aid from the US and foreign investment. Because so much of US foreign aid is geostrategic – to shore up alliances or secure access to particular areas – investors do not seem to view it as a valuable signal about the recipient country.

    So, Syria should perhaps not worry too much about the new US president Donald Trump’s plan to cut American foreign aid. If aid from other government donors can still flow in, this could encourage investment to follow.

    Fortunately for Syria, some countries and international organisations have already pledged aid – including the UK, which has announced £50 million in humanitarian aid for the country and its refugees. This seems like a good sign for Syria’s future – even more so because of the signal it sends to foreign investors.

    Specific domestic policies that encourage FDI and build stronger institutions will be necessary to secure investment in the longer term. Syria will need to demonstrate its commitment to the rule of law and property rights, while creating a stable environment for investment.

    However, if the pledged aid materialises – and if more countries chip in – this could lead to substantial economic benefits for Syria.

    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. Will multinational companies flock to Syria? Maybe, if foreign aid arrives first – https://theconversation.com/will-multinational-companies-flock-to-syria-maybe-if-foreign-aid-arrives-first-248406

    MIL OSI – Global Reports

  • MIL-OSI Global: Representation gaps and the rise of populism

    Source: The Conversation – UK – By Laurenz Guenther, Postdoctoral researcher, Department of Economics, Bocconi University

    Shutterstock/Alejo Bernal

    The rise of rightwing populists continues across the west, leaving many wondering how mainstream parties can respond. Part of the picture is the failure of political parties to meet voters’ views on immigration with policy responses.

    Germany is a strong example here. In 2013, it had no notable rightwing populist party. Alternative for Germany (the AfD) did already exist, but it was neither populist nor strongly anti-immigrant. But immigration into Germany was increasing.

    In the years prior to 2013, several hundred thousand asylum seekers from Africa and the Middle East entered the country each year. Many Germans wanted lower immigration but German political parties were not offering corresponding policies. The public and parliamentarians were already on a different page.

    To measure this disagreement, researchers asked representative samples of German parliamentarians and ordinary citizens the following question in 2013: “Should it be easier or harder for foreigners to immigrate?”

    They could choose from 11 responses, ranging from “0 – immigration for foreigners should be much easier” to “10 – immigration for foreigners should be much harder”.

    The results show that most Germans wanted to restrict immigration in 2013. Despite this public demand, nearly all parliamentarians from all the four major parties wanted to facilitate immigration.

    Immigration attitudes in 2013:

    How the representation gap emerged over immigration.
    L Guenther, CC BY-ND

    Two years later, in 2015, the refugee crisis began. Over the course of just a few years, two million asylum seekers entered Germany. In response, Germans viewed immigration as an increasingly important issue and increasingly voted based on their attitudes towards immigration. Because most Germans wanted lower immigration, this increased the demand for an anti-immigration party.

    During this time, the AfD changed its policy platform to become Germany’s only party that was clearly calling for much lower immigration. As a result, the AfD became the only party to represent the will of many Germans on the issue they considered most important.

    Immigration attitudes in 2017:

    From this perspective, it is not surprising that the AfD strongly increased its vote share in the 2017 election and became the first party to the right of the conservatives to ever enter the federal parliament.

    In my research, I found similar patterns are evident across Europe. In 27 countries, most political mainstream parties are much more in favour of immigration than the majority of their voters and citizens demand.

    The representation gap is not only systematic across countries but also across political issues and voter subgroups. On nearly all cultural issues, such as multiculturalism or gender relations, I found that voters are more conservative than their parliamentarians.

    Across Europe, the difference between the average voter and parliamentarian is as large as the difference between the average conservative and socialist parliamentarian.

    Even voters with the same level of education, or voters who are well-informed about politics, are much more culturally conservative than their representatives. Even immigrants themselves are much more opposed to immigration and multiculturalism than the average parliamentarian.

    While these cultural representation gaps have existed for a long time, it is the increase in their salience and perceived importance that contributes to the rise of rightwing populism. This is most strongly driven by the increased importance in immigration.

    These results matter because they can equip politicians with the information they need to win (back) voters. And on a deeper level, these findings raise the question whether mainstream parties need to adjust their policies on immigration.

    One important argument of mainstream politicians against populists is that once populists come to power they aim to establish dictatorships and then rule against the interest of the people. However, this argument rings hollow if mainstream parties are unwilling to acknowledge and act on the issues considered most important by the people.

    Laurenz Guenther receives funding from Bocconi University. He is affiliated with the Instutute for European Policymaking at Bocconi University.

    ref. Representation gaps and the rise of populism – https://theconversation.com/representation-gaps-and-the-rise-of-populism-245871

    MIL OSI – Global Reports

  • MIL-OSI Global: How The Sims’ endless customisation fostered one of gaming’s most diverse player communities

    Source: The Conversation – UK – By Andra Ivănescu, Senior Lecturer in Game Studies and Ludomusicology, Brunel University of London

    Katy Perry is in a recording booth. She turns to the camera, smiles and begins to sing: “Badipsa frooby noop”. As if to confirm that we didn’t mishear her, she repeats “Badipsa frooby noop” and gives the camera a thumbs up.

    The moment was captured in 2010, in a behind-the-scenes video of Perry recording her song Last Friday Night in Simlish – the language spoken by characters in The Sims games. It was part of her branded downloadable content (DLC) package, Sweet Treats, which was available to players of The Sims 3.

    The Sims is celebrating its 25th anniversary in 2025, to the chagrin of many a millennial. From its groundbreaking approach to inclusive character creation to the surreal charm of global pop stars re-recording their hits in Simlish, The Sims has always operated at the intersection of individuality and shared culture.

    Created by one of the industry’s few auteur game-designers, Will Wright, The Sims 1 was released on the cusp of the millennium and changed the video game landscape forever.

    The game harks back to what game studies researcher Jesper Juul described, in his foundational book Half-Real (2005), as the “primordial game structure”. This is a game in which the player doesn’t follow a set story or structure in a linear way, but gets to design their own strategies, combining the rules in often unpredictable ways.


    Sul Sul! This article is part of a mini series from The Conversation marking 25 years of The Sims franchise.


    More than that, players are able to tell their own stories and build emergent narratives. These narratives are not about war, fantasy worlds or outer space, but regular people, regular homes, regular jobs and plenty of WooHoo (The Sims’ euphemism for sex).

    Custom creativity

    The Sims franchise provides players with a space to perform and experiment, to be cruel, silly or creative. These modes of play can take the form of machinima – using the game engine to make creative videos. Or using features like the family album, in which players can capture photos of their avatars within the game to make poignant statements about important social issues.

    The base game has provided an increasingly diverse range of opportunities for customisation of characters, spaces and activities. And the large quantity of available DLCs and mods (player-made modifications to the game) has offered even more variety.

    Many of the customisation options have been explicitly related to characters’ identities, and the series has gradually improved its representation. For instance, while the original game already included same-sex relationships, The Sims 2 included a “joined union” option which was similar to marriage. By The Sims 3, same-sex couples could marry with no distinction from opposite-sex couples. Similar developments have taken place in the diversity of skin tones and gender identities as the series progressed.




    Read more:
    Why The Sims 4’s new inclusion of transgender and disabled sims matters


    As a result of these inclusive changes, players enjoy gaming experiences as diverse as they are.

    Phillip Ring, executive producer on The Sims 4, provided an overview of the game’s demographics in a Game Developers Conference talk in 2023. Only 21% of Sims players are men, while 55% identify as heterosexual and 62% as white. Ring explained how the game’s developers, Maxis and Electronic Arts, consider equality, diversity and inclusion as part of hiring, development and engaging with the player community. Active inclusivity has become an essential part of The Sims design.

    None of this touts The Sims as a digital utopia. The franchise has been criticised for its consumerist ideology, and much of its progressive content has been deeply controversial in different territories of the game’s release.

    Katy Perry records Last Friday Night in Simlish.

    For better or worse, the game has both reflected and shaped pop culture – which brings us back to Katy Perry. The Simlish version of her song may sound nonsensical, but it reflected a cultural moment – the post-feminist, anthemic pop of the 2010s.

    That moment has now passed. In a post-Brat summer era, Perry’s Sims moment feels outdated. The Sims, however, remains relevant, evolving alongside popular culture.

    In his book Understanding Video Game Music (2016), musicologist Tim Summers interprets Simlish rerecordings as satires of contemporary pop culture. I disagree. Instead, I believe Simlish is designed to let players “fill in the blanks”, using their imagination to shape meaning.

    This has always been central to The Sims – allowing players to project their own stories onto a world within the cultural zeitgeist. Many of us grew up with The Sims. As we’ve evolved, so has the game – which remains a dynamic cultural artefact.


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    Andra Ivănescu is the recepient of a British Academy/Leverhulme Small Research Grant for her project Gaming Censorship: Videogame Content Regulation in the UK.

    ref. How The Sims’ endless customisation fostered one of gaming’s most diverse player communities – https://theconversation.com/how-the-sims-endless-customisation-fostered-one-of-gamings-most-diverse-player-communities-248686

    MIL OSI – Global Reports

  • MIL-OSI Global: How The Sims accidentally invented the cosy game genre

    Source: The Conversation – UK – By Adam Jerrett, Lecturer, Faculty of Creative & Cultural Industries, University of Portsmouth

    Ooboo Vroose Baa Dooo! That’s “happy birthday” in Simlish, the delightfully nonsensical language of The Sims. The life simulation video game franchise turns 25 this year, making me feel officially old.

    Like many others, I grew up playing The Sims, oscillating between designing dream homes and orchestrating ideal careers, and trapping my Sim characters in a tiny block room, removing all the doors and watching the chaos ensue. For the more benevolent among us, The Sims was an endlessly rewarding digital dollhouse.

    Game designer Sid Meier (creator of the Civilisation series) defines a video game as “a series of interesting decisions”. In most games, interesting decisions are about which gun to use or which party member to heal. The Sims’ interesting decisions, however, were far more mundane. “What clothes should I make my simulated human (typically a digital avatar of myself or my friends) wear?”; “Who should they date?”; and, most importantly: “Should I use the ‘rosebud’ cheat to give myself infinite money?”

    The Sims went on to become one of the bestselling franchises of all time, with myriad sequels, expansions and an obsessed player base. While similar titles at the time, such as Black and White, had you playing as an omnipotent god, they were primarily strategy games based around controlling territory. What made The Sims special was its focus on emergent narratives – player-driven experiences where players could create their own stories.


    Sul Sul! This article is part of a mini series from The Conversation marking 25 years of The Sims franchise.


    Much of this focus is also present in what is now called the “cosy game” genre. These are games that focus not on conflict or challenges, but rather on creativity, exploration and personal expression.

    Before Stardew Valley let us befriend a moody fisherman, Animal Crossing allowed us to be financially terrorised by a raccoon, and Unpacking made us cry over a box of kitchen utensils, The Sims showed us a new way to play. One where the biggest challenge was forgetting to pay your bills, and the most rewarding accomplishment was finally affording a pool (whose exit ladder may or may not just have mysteriously disappeared).

    This normalised the idea that games didn’t need to be won to be fun. It was a shift in design philosophy that paved the way for later games that let players tend a farm, manage a café, or befriend ghosts without a game-defined goal.

    A trailer for one of the more recent expansion packs, Cottage Living.

    The Sims was less about victory than it was about making your own fun – whether that meant imagining your future family life with your crush, or seeing how well you could build your Sim’s career from the ground up before succumbing to late-stage capitalism.

    Copying The Sims’ homework

    Many features that define the cosy game genre today trace directly back to The Sims. It popularised meticulous environment building and customisation tools, for example, from house layouts to outfit choices and suspiciously elaborate hedge mazes. This DNA is the bedrock of many modern cosy games, like Tiny Glade’s whimsical castle-building or pandemic hit Animal Crossing: New Horizons’ island growing.

    The Sims was free from combat or major stressors (unless you count fire hazards and rogue Grim Reapers). No timers, no pressure – just vibes (unless you forgot to build a toilet, in which case the vibes would be bad). You could play at your own pace, which came to define other self-paced games like A Short Hike.


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    Much of The Sims was about the relationships between the Sims themselves. They could get married, have children, make friends and even enemies. Instead of fighting for survival, Sims were fighting for their relationships.

    This was augmented by a growing “machinima” fan culture, where players made short films and movies using in-game footage. These forms of emergent, social storytelling are a mainstay of modern gaming and meme culture, made even more prevalent by social media and the “share” buttons now on many game controllers.

    In this work of machinima, a Sims player has made a sitcom trailer using footage from their gameplay.

    Over the years, The Sims franchise has become a bastion for diversity, equity and inclusion. Most recently, that’s meant allowing players to create disabled and transgender Sims.

    This provides more representation to players, and showcases the importance of cosy games for exploring an array of identities, values and stories. The move has even inspired copycats like the upcoming Inzoi, which provides even more realistic graphics and complex life simulation, building on the formula introduced by Sims creator Will Wright all those years ago.

    For 25 years, The Sims has proven that games can be different. They don’t need conflict, challenge or even victory to be engaging. Sometimes, the real joy comes from designing an entire town, crafting a chaotic soap opera – or simply watching a Sim pace around a door-less room, gradually descending into madness.

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

    ref. How The Sims accidentally invented the cosy game genre – https://theconversation.com/how-the-sims-accidentally-invented-the-cosy-game-genre-248702

    MIL OSI – Global Reports

  • MIL-OSI Global: How to set healthy boundaries

    Source: The Conversation – Canada – By Gio Dolcecore, Assistant Professor, Social Work, Mount Royal University

    Boundaries are about what you do when something triggers an emotional response from you, and how you communicate to others what you are feeling. (Shutterstock)

    Setting our boundaries can sometimes be tough. Maybe you’re living with someone who’s always in your space. Or you’ve got that friend who feels a little too comfortable trauma-dumping on you. Maybe you feel your spouse isn’t respecting your choices.

    Whatever the reason, telling others how you feel isn’t always easy. And it can be difficult to figure out where to draw your lines and how to communicate them to others.

    There’s also a lot of misunderstanding about what boundaries are and what they aren’t. The prevalence of “therapy-speak” can make figuring that out even harder.

    Setting boundaries can often seem complicated and feel uncomfortable. That’s because it can take a lot of courage to stick up for yourself. It also takes a lot of emotional regulation and self-awareness.

    However, setting boundaries doesn’t have to be a daunting prospect. Taking time to figure out how to communicate them effectively can lead to healthier relationships with the people in your life.


    Ready to make a change? The Quarter Life Glow-up is a new, six-week newsletter course from The Conversation’s UK and Canada editions.

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    Setting healthy boundaries

    Think of boundaries as promises you make to yourself about how you will respond to others when their actions or words conflict with your self-worth, communication style and relationship expectations. Things that influence our beliefs towards boundaries can include our cultural, religious and political identities.

    Boundaries are about what you do when something triggers an emotional response from you, and how you communicate to others what you are feeling. Boundaries are not about telling others what to do or how to feel.

    People in different places approach them in different ways. American authors like Brené Brown see boundaries as a way of loving ourselves by saying no, even if that means we let someone else down.

    Looking at cultures around the world can also help us learn more about the intricate relationship between boundaries, communication style and relationship expectations. For example, in Iran the term gheirat refers to a moral-emotional experience. It is a concept referring to an experience when there is a violation involving people, such as romantic partners, family dynamics and politics.

    A healthy boundary can be invitational, meaning you are inviting others to participate in the problem-solving process. In relationships we have to balance our feelings, their feelings and what is needed for the relationship to blossom. This tricky balance means inviting others in, while indicating what is needed for you to safely participate.

    For example saying “let’s finish this conversation when neither of us is raising our voices” is a healthy way of setting a boundary compared to “leave me alone right now” or “don’t speak to me like that.”

    Telling someone not to speak to you during a hard conversation can sound dismissive of their feelings, especially if they’re feeling unheard. The boundary is not about the conversation ending, it’s about what is needed for the conversation to continue in a respectful way.

    You don’t always owe others your time to communicate and explain what you need. Sometimes, it’s about walking away from a situation that you know isn’t serving you.
    (Shutterstock)

    Communication is key

    Healthy boundaries can be a way to mutually emotionally regulate. For example, saying “it makes me uncomfortable when you tell your friends personal details about our relationship” is offering others two opportunities. The first, awareness of how their actions are making you feel. And second, the opportunity to problem-solve with you.

    Most people will respond by explaining why they are doing what they are doing. With that information, you can decide how you want to respond. Maybe they’re choosing to disclose information to their friends because they rely on external processing to help make decisions. Or maybe they’re looking for external validation. You get to choose how to respond now that you have their rationale.

    As a therapist, I often tell clients you have options when it comes to setting and maintaining boundaries. The next time you have to set a boundary, think of the following tips.

    Do:

    • Express how you’re feeling in response to someone’s actions or inaction.

    • Identify your priorities and know your limits. Provide an opportunity for repair.

    • If someone tells you why they did what they did, remind them it’s important for you they recognize how you’re feeling versus rationalizing their behaviour.

    Don’t:

    • Tell someone how to act or feel.

    • Expect others to know what you need or what you’re thinking.

    • Rely on others to uphold your boundaries.

    You don’t always owe others your time to communicate and explain what you need. Sometimes, it’s about walking away from a situation that you know isn’t serving you. Based on how you observe people living their life, how they talk about social or political issues, conduct themselves when you express your feelings, you can choose not to give people access to your life.

    Sometimes walking away is about preserving your self-worth, especially after you’ve tried communicating and problem solving. This is where boundaries become hard to maintain, because we have to determine whether someone’s actions are enough to protect ourselves and uphold our self worth.

    However you choose to set your boundaries, communicating them honestly and calmly is key to getting others to understand and respect them.

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

    ref. How to set healthy boundaries – https://theconversation.com/how-to-set-healthy-boundaries-237745

    MIL OSI – Global Reports

  • MIL-OSI Russia: Marat Khusnullin: Rosreestr is implementing a pilot project to involve unused real estate objects into circulation and fill the Unified State Register of Real Estate

    Translartion. Region: Russians Fedetion –

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

    The government is strengthening its comprehensive work to identify, record and involve unused real estate objects into circulation. This will ensure the completeness and quality of information in the Unified State Register of Real Estate (USRRE) by the end of 2030 and involve unused land plots and territories into economic circulation.

    “Since 2021, these issues have been addressed, among other things, within the framework of the state program “National Spatial Data System”. During this time, Rosreestr and the Roscadastre sub-company have entered 191 boundaries between subjects and 1.85 thousand boundaries of municipalities into the Unified State Register. Three times more than in the previous 10 years, the boundaries of territorial zones were entered – 298.6 thousand. 1.9 million registry errors were corrected. The number of objects with copyright holders increased by 18.1 million. At the same time, despite the significant dynamics, there is still a lot of work left. In order to complete it within the deadline set by the state program, by the end of 2030, this activity will be intensified. Rosreestr has launched a pilot project that will intensify the creation of a complete and accurate real estate register in the regions and identify new sites and territories for inclusion in economic circulation,” said Deputy Prime Minister Marat Khusnullin.

    Currently, the pilot project is being implemented in individual municipalities of 16 regions – in the Kostroma, Lipetsk, Novgorod, Omsk, Penza, Pskov, Smolensk, Tambov, Ulyanovsk regions, Primorsky and Khabarovsk territories, the republics of Mari El, Mordovia, the Chuvash Republic, the Jewish Autonomous Region and the Khanty-Mansi Autonomous Okrug.

    “In fact, a complete inventory of lands and property is being carried out, which will allow us to collect and summarize information about all real estate objects. At present, the work has been completed in 71 settlements, and is ongoing in 38 more. As a result, information about the title holders has been identified for 8.3 thousand real estate objects, information about the boundaries of 18.7 thousand land plots and capital construction projects has been clarified, and 3.2 thousand hectares of territory suitable for inclusion in circulation have been identified,” noted Oleg Skufinsky, head of Rosreestr.

    The project is being implemented within the framework of an agreement concluded between Rosreestr, the head of the region and the public-law company Roskadastr (which is the contractor). After the creation of an operational headquarters in the subject and the approval of the “road map”, work begins on the analysis of archival documents, including cartographic materials, and a survey of the territories.

    The results of the work are entered into the Unified State Register of Real Estate and the National Spatial Data System. Rosreestr provides organizational, coordination and methodological support for the pilot project on an ongoing basis.

    Today, in the land and real estate sector, there are still historically accumulated problems of missing information in the Unified State Register of Real Estate and other registries. There is no information about the owners of 29.9 million objects, and the boundaries of 17.4 million land plots have not been established. There is still a shortage of available land for provision to citizens, legal entities and investors.

    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: Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 Per Share for February 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today a monthly distribution of $0.08 per share for February 2025. This distribution is payable to common stockholders on February 28, 2025 (as outlined in the table below).

    As previously announced, the Company plans to declare distributions on a monthly basis, with the next distribution expected to be declared in early March. Payment of future distributions is subject to the approval of the Company’s Board of Directors, as well as meeting the covenants on the Company’s debt agreements and the terms of its preferred stock.

    Record Date /
    Ex-Date
    Payment Date Distribution Amount Return of Capital
    Estimate
    2/14/25 2/28/25 $0.08 75%(1)

    (1) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. 

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network

  • MIL-OSI: LeddarTech Announces First OEM Design Win for LeddarVision ADAS Solution

    Source: GlobeNewswire (MIL-OSI)

    QUEBEC CITY, Canada, Feb. 03, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced a major milestone: one of the world’s leading commercial vehicle OEMs (original equipment manufacturers) has selected LeddarTech as the fusion and perception software supplier for their advanced driver assistance system (ADAS) program for 2028 model year vehicles.

    LeddarVision was selected for this mainstream commercial vehicle platform after a comprehensive evaluation by the customer of the leading solutions available in the market today. LeddarVision stood out for its superior performance and efficiency in a multi-modal sensor system with both cameras and radars, and the ability to scale to various models and sensor configurations. LeddarTech revenue from this design win is expected to begin in 2025 for engineering services, with per-vehicle royalty revenue anticipated in late 2027. While project work is to commence immediately, the arrangement remains subject to the parties entering into definitive agreements.

    “This award comes on the heels of the recently announced Texas Instruments collaboration and license agreement with close to US$ 10 million in pre-paid royalties. These developments evidence the industry’s pivot towards low-level fusion―an approach pioneered by LeddarTech―that enables cost-effective deployment of L2/L2+ ADAS for commercial and passenger vehicles and our leadership position in multi-modal, low-level fusion and perception software,” said Frantz Saintellemy, president and CEO of LeddarTech. “These wins also reflect the momentum that is building with our business.”

    LeddarTech’s LeddarVision platform delivers an environmental model that enhances driver safety and enables greater autonomy. By leveraging cutting-edge AI and sensor fusion technology, LeddarTech enables automotive OEMs to meet increasingly challenging industry safety standards while addressing consumer demands for more advanced ADAS features.

    About LeddarTech

    A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

    LeddarTech is responsible for several remote-sensing innovations, with over 170 patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

    Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

    Forward-Looking Statements

    Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s selection by the OEM referred to above, anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that LeddarTech and the OEM referred to above are unable to agree to final terms in definitive agreements; (ii) the volume of future orders (if any) from this OEM, actual revenue derived from expected orders, and timing of revenue, if any; (iii) the possibility that anticipated benefits of LeddarTech’s recent business combination will not be realized; (iv) the risk that shareholder litigation in connection with the business combination or other settlements or investigations may result in significant costs of defense, indemnification and liability; (v) changes in general economic and/or industry-specific conditions; (vi) possible disruptions from the business combination that could harm LeddarTech’s business; (vii) the ability of LeddarTech to retain, attract and hire key personnel; (viii) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties; (ix) potential business uncertainty, including changes to existing business relationships following the business combination that could affect LeddarTech’s financial performance; (x) legislative, regulatory and economic developments; (xi) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak or escalation of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID‑19), as well as management’s response to any of the aforementioned factors; (xii) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; (xiii) LeddarTech’s ability to execute its business model, achieve design wins and generate meaningful revenue; and (xiv) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors contained in LeddarTech’s Annual Report on Form 20-F for the fiscal year ended September 30, 2024. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Chris Stewart, Chief Financial Officer, LeddarTech Holdings Inc.
    Tel.: + 1-514-427-0858, chris.stewart@leddartech.com

    Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

    LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”

    The MIL Network

  • MIL-OSI United Kingdom: Submitting Crime Contract verification information

    Source: United Kingdom – Executive Government & Departments

    Applicants that did not submit compliant verification information before 31 January 2025 may still join the October 2025 Duty Rotas if they act promptly.

    The deadline for submission of compliant verification information to join the October 2025 Duty Rotas under the crime contract procurement process passed on 31 January 2025. Applicants that met this deadline will be on the October 2025 rotas.

    Applicants who tendered under the Stage one Process but did not meet the 31 January 2025 deadline may still have the opportunity to join the October 2025 Duty Rotas if they submit compliant verification information quickly.

    We intend to give as many Applicants as possible the opportunity to join the October 2025 Duty Rotas. We will, therefore, continue to review verification information submitted after 31 January 2025.

    Verification information will be reviewed in the order submitted until such time that it is necessary, for operational reasons, to commence production of Duty Rotas. We cannot confirm precisely what date this will be. Therefore, the sooner applicants act, the greater the likelihood that they will be able to join the October 2025 rotas.

    For full details of the procurement process please read the Application Guide which is available at Crime Contract 2025 Tender – GOV.UK (www.gov.uk)

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Education Secretary speech on new era of school standards

    Source: United Kingdom – Executive Government & Departments

    Speaking at the Centre for Social Justice, Bridget Phillipson laid out plans for a new era of school standards delivering on the Plan for Change.

    Good morning, everyone.

    Thanks so much for being here. And thanks to the Centre for Social Justice for hosting us. And thanks to Andy.

    It’s great to be back here, this time as Education Secretary, six months into delivering our Plan for Change.

    I know CSJ shares this government’s commitment to ensuring that, whoever you are, wherever you come from, ours should be a country where hard work means you don’t just get by but you get on.

    Some of you were here last year, when I started my speech with a story. And today I want to start with a story too:

    A story about how and why the change I am bringing to the education system matters to me.

    It’s my story.

    I grew up in the late ’80s and early ’90s, a shy little girl, from a tough street in the northeast of England, [political content removed]

    I never met my dad. It was just me and my mum – and my grandparents who lived nearby.

    We didn’t have much. One winter, a neighbour, who himself, he didn’t have very much, found out I’d been playing outside wearing only a jumper.

    He put money through the letterbox in an envelope marked “for Bridget’s coat”.

    Now, not everyone turned to kindness. Crime was a big problem. Our house was burgled time and again.

    And when my mum reported it to the police, our windows were put out, a man turned up with a baseball bat.

    It didn’t seem like that big a deal at the time. These were just things that happened, and frankly not just to us.

    I think often of the children I knew then, held back by who they were, by where they were born.

    So many on my street were denied the opportunity to get on and to succeed.

    Not because they were lazy, they weren’t. 

    They were no less talented than I was, no less ambitious, no less deserving of success.

    But I was given the opportunities that they were denied. I went to great schools, I was taught by wonderful teachers, I had a family that prized learning.

    I was in the very first full cohort to sit SATs tests at Key Stage 1, 2 and 3. I benefited from the national curriculum brought in by a [political content removed] government.

    My school took up that challenge to push kids like me to achieve.

    I worked hard, of course I did.

    But I had the good luck to go to a great school, to have a family who cared deeply about education, a grandfather who read to me week in, week out.

    And like so many stories, this one has a moral lesson at its core.

    I am proof that the system can work, that a great education can be a transformational force, that background doesn’t have to be destiny.

    That belief formed then, is the core of my politics now.

    That the promise our children deserve, that hard work is what counts, no matter your background.

    I believe in that promise, in making that dream real.

    But I saw so many of my friends from my area let down, let down by a system that lacked a restless ambition for their futures, content, too often, to deliver a mediocre education, middling, in schools that drifted, an education that was seen as ‘just fine’ for ‘these kids’.

    For kids like me.

    Michael Gove used to call this ‘the soft bigotry of low expectations’ and with good reason: he was right.

    But I don’t need to be told about that. I grew up with it all around me, in my community, holding back my friends.

    I don’t forget. Not now. Not ever.

    It’s these memories of those injustices, the doors closed, the dreams stifled, the futures denied, that’s what drives me forward in this job.

    I get up every morning to right those wrongs.

    To break down the barriers to opportunity for each and every child.

    Background wasn’t my destiny.

    And I won’t rest until that is true for all children.

    That is my vision for education.

    Opportunity, for those children, for all children. That is our mission, driven by the Prime Minister’s Plan for Change.

    An excellent teacher for every child, a high-quality curriculum for every school, a core offer of excellence for every parent.

    Raising a floor of high standards, below which schools must not slip, above which schools can and must innovate, with no ceiling.

    Now, those memories are from a long time ago. And in the decades since, standards in England’s schools have risen, and millions of children have benefited.

    Our system now has many strengths, to build into that core. The greater use of evidence in classrooms across the country.

    No more flying blind, guided only by tradition.

    Now, what matters is what works [political content removed] reformed exams – more rigour, more challenge.

    Our national curriculum, a national strength, one from which we will build.

    Raising the floor, removing the ceiling.

    Take one example, one that matters immensely.

    Every child learns about the Holocaust, thanks to the national curriculum. That’s the floor we need.

    But teachers can then innovate in how they teach it.

    Stories from newspaper archives of troops finding concentration camps or hearing the testimonies of Holocaust survivors who have been immortalised using recordings and virtual reality technology.

    And now the Curriculum and Assessment Review will take us onward, delivering a core curriculum for all children that is deep and rigorous, knowledge-rich down to its bones.

    And that matters so much, knowledge is foundational, the building blocks of learning.

    It’s no use developing skills if children lack the knowledge to back it up and that curriculum must be taught by the very best teachers.

    As a profession as well as a calling, teaching has come on leaps and bounds, far ahead of when I was at school.

    The use of phonics is just one example where this has delivered for millions of children. Over 100,000 more children every year are securing the phonic foundations of reading since 2012.

    And we will continue down this proud path, for future generations.

    But now, right now, we need more teachers.

    That’s why we are committed to recruiting an additional six and a half thousand new expert teachers over the course of this parliament, ensuring we have more teachers where they are most needed across our colleges and our secondary schools, both mainstream and specialist.

    Because more teachers in our classrooms means more attention for our children. And that attention makes it easier to learn, and drives better attainment.

    More teaching, better learning.

    But more alone is not enough.

    I want to drive up the quality of teaching too.

    Building on the advances in teaching as a profession, and in teacher training.

    That’s why we are requiring all teachers to work towards qualified teacher status – and doubling down on evidence-based training.

    We’ll back our teachers with the very best AI, part of an exciting new wave of technology to modernise our education system.

    These changes are critical for all of our children. But nowhere are they more important than for our children with SEND.

    It’s hard to say about a system that today is failing so many, that there has been progress. The recognition of additional needs, the debate around how we support children with SEND is a sign of progress.

    But there is much, much more to do.

    We must set high expectations for all, spread pockets of excellence right throughout the system. 

    Focus on need and not diagnosis. With children able to access the right support more often in mainstream so that they can learn and thrive.

    Empower schools to intervene earlier, equipping them not just to support, but to excel for children with a range of different needs. Advances in the use of evidence, in the curriculum, in teaching.

    We’ll take that forward, delivering a new for generations of children.

    But perhaps the key driver of rising standards across our schools has been strong multi academy trusts.

    Take an example. Tanfield is a school that sits on the edge of Stanley, just ten miles west of where I grew up.

    Over the decades, tens of thousands of kids with backgrounds just like mine have walked through those school gates.

    And for a long time, the school meandered along, performing poorly, requiring improvement that never quite appeared, delivering outcomes never quite what they could be.

    A reality that year after year, kids were being denied the opportunity to achieve.

    Until Tanfield joined Eden Learning Trust in May 2020. And with a strong head teacher at the helm. That’s when the spark of progress finally arrived.

    The school is now rated as good on some measures, outstanding on others.

    Exam performance rising, above the national average.

    That story fills me with hope, because I know the difference a great school makes to so many children with backgrounds like mine, to severing the tie between background and destiny.

    Academy schools were a part of a great age of reform, from the mid-90s to 2015, a wave of changes that lifted standards for schools and life chances for children.

    Driven forward by a succession of great education reformers – from David Blunkett to Michael Gove, and a generation of dedicated and determined teachers.

    I recognise the focus on tackling low standards in inadequate schools, which previous governments of all parties shared.

    I celebrate the enormous effort by parents and school staff, to haul our entire system into a much better place.

    Strong academy trusts, top teachers, a core curriculum – these are our foundations.

    But sometimes I get the sense that people want to stop there.

    As if we can celebrate progress, but stop pushing for better.

    As if the drive for change, the impatience with failure – that these are the proud tales of yesterday, not the agenda for tomorrow.

    Because I tell you, this government is very clear.

    The journey isn’t over, the mission is never complete.

    It’s almost fifty years since James Callaghan gave a major speech about the purpose of our education system in our country.

    Elements of his challenge, to the established wisdom of his day, are sadly all too familiar.

    He spoke of a system that too often left young people neither ready for work, nor ready for life, the need for more young women to study science, the immense importance of numeracy for the next generation.

    And he spoke of his sympathy with the principle of a national curriculum, a principle that would fall to the next government to deliver.

    But today it is not simply the wisdom of that speech I have in mind.

    Callaghan knew the greatest truth about the determination that governments [political content removed] should have to drive change, for it was he who told us:

    “You never reach the promised land. You can march towards it.”

    So I tell you again, for me, for this government, we know that this march never ends.

    And yet today, the barriers to opportunity have grown only higher, and the stakes for our children are just as high.

    Stuck schools.

    Too many schools coasting.

    Delivering an education that, is just not the standard all children deserve.

    There are more than 600 schools in this country that are stuck, receiving consecutive poor Ofsted judgements.

    More than 300,000 children go to these schools. And what happens to these children?

    They leave primary school with results 14 percentage points worse.

    They leave secondary school with results one grade per subject worse.

    Their life chances, limited by the bad luck of going to a poor school.

    That is our inheritance.  And that is not good enough.

    Stuck schools are the new front in the fight against low expectations.

    I will not accept a system that is content for some to sink, even while others soar.

    These schools must improve, and with the right help, I know they can.

    Our proposals provide a response that is tailored, bespoke, effective – drawing on the insights of new Ofsted report cards.

    Improvement driven by new RISE teams, groups of leading experts who have been there and done it, with a track record of driving up standards.

    Turning around not just schools, but children’s lives.

    The best of the best when it comes to school improvement.

    They will work with schools to get to grips quickly with the problems Ofsted spots, backed with an initial £20m of funding.

    Up to £100,000 per school, dwarfing the basic £6,000 per school that was made available for these very schools by the last government, before being cancelled altogether with structural intervention as a necessary backstop if change does not come quickly enough.

    We now have our first 20 expert advisers in place – and teams are beginning their work with schools up and down the country.

    Trust leaders right at the centre.

    To work with us as partners in the push for better.

    Excellence – for every child.

    High and rising standards – for every child.

    Success – for every child.

    No more stuck schools drifting along.

    Tackling drift by reforming accountability and intervention.

    Now is the time for reform, for renewal, for modernisation.

    To take the whole school system forward.

    The way we hold schools accountable underpins it all.

    How we identify poor performance and drive change,

    To lift the life chances of children.

    We have a strong starting place. The improvements in inspection and accountability starting in the 90s have been instrumental for raising standards in our schools.

    With Ofsted’s role right at its heart.

    And to those who call for the abolition of a strong, independent, effective inspectorate, I have said before and I will say again: never.

    Never will we go back to those dark days of weak accountability.

    Because it was children from disadvantaged backgrounds who suffered the most.

    And because despite those improvements, there is still so far to go.

    So today I am taking us into a new era on school standards.

    Single headline grades were the right innovation at the right time. They brought proper scrutiny to all schools.

    But the time for change has come.

    They had become high stakes for schools but low information for parents.

    And for the challenges we now face, too blunt, too rough, too vague.

    How can it be right that so many critical decisions parents – choices that shape whole lives rest on a single word?

    It simply isn’t enough. Not for schools, not for families, and not for children.

    Our searchlight on poor performance must now become brighter

    to see the problems of today and tomorrow quickly and clearly.

    So a more rigorous system, raising the bar on expectations, on what good really looks like when it comes to the futures of our children.

    Because when we hear that 90% of schools are rated good or outstanding by Ofsted, it’s a reflection of millions of hours of hard work from teachers and leaders.

    But it’s a statistic, I’m afraid, that just no longer paints the full picture.

    Good as a judgement has become too vague to serve its purpose,

    When there are schools rated as “good” in both the top and bottom 1% for attainment.

    So just like we guard against grade inflation, to make sure that results really reflect the achievement of students, we must protect standards here too, because when almost 8 in 10 schools are graded as good, it’s time we bank that progress and take good to another level.

    The imprecision has left too many struggling schools without the support they need to improve.

    If the diagnosis isn’t clear, how can we be confident that the treatment will be right?

    And the change this government brings is one the public know is needed.

    Only 13% of those asked by Ofsted think that the notion that 90% of our schools are Good or Outstanding is truly reflective of the overall quality of schools.

    We need a more diagnostic approach – an approach that is restless and rigorous.

    Our proposals will swap single headline grades for the rich, granular insight of school report cards.

    Raising the bar on what we expect from schools. Shining a light on the areas that matter, each given their own grade.

    Identifying excellence and rooting out performance that falls short of expectations, so that parents have clearer, better information about their local schools.

    And that extra information will underpin changes in how we tackle poor performance.

    The worst performing schools, whether local authority maintained or academies – will be moved to a strong trust.

    That means new leadership brought in to boost the life chances of pupils.

    Children only get one chance: we won’t wait around while schools fail around them.

    And if school report cards identify even one area for improvement for a school, Ofsted will monitor progress, looking out for warning signals, government primed to step in for children, if required.

    The schools and trusts too, able to take swifter action from the more granular school report.

    Because being hands off, for school after school, for year after year, simply cannot be an option when the life chances of our children are at stake.

    And because we know that there is so much brilliance within our schools, so much to learn from and share.

    A new proposed top grade of ‘Exemplary’, for best-in-class practice in a specific area, when Ofsted judge that a school is doing something that is simply too good to be kept inside the school gates.

    Because this is a government that is never content, never complacent, never satisfied, when it comes to standards in schools.

    We want to spread that excellence

    To promote innovation,

    And it’s important we recognise that the best people to do that, the people who so often, will be doing that, are already standing in front of us.

    The best trusts, the best schools, the best leaders.

    Our RISE teams in time providing a universal service, will draw on them, their practice, their knowledge, their experience, helping good schools to become great and the great schools to become even better – spreading their excellence as they go.

    This is a new era in accountability for schools, a new era of relentless improvement. To drive up standards and open up opportunity for all.

    But a new spirit too – including with schools.

    A relationship to improve, not punish, to challenge, not to scold, based on shared aims, not shared hostility.

    An approach that recognises, that when all’s said and done, we all want the same thing.

    Better outcomes for children.

    When I first started in this job, I said I wanted to put education at the forefront of national life.

    So I am delighted to see the debate raging over our reforms – particularly since we introduced our Children’s Wellbeing and Schools Bill.

    I have to say, I welcome it.

    It is a sign that under this government, once again, education is coming back to the centre of national debate.

    I welcome spirited engagement, I welcome robust challenge, I welcome different views – and I will listen to them.

    That is how we shape the very best education system that our children deserve.

    And that’s why the changes we are making to accountability will draw on the wisdom of the entire sector.

    So I am pleased to announce a public consultation on our proposals for school accountability reform.

    Alongside that, Ofsted are consulting on their proposals for report cards and inspection structures.

    I want – we want – to hear the views of teachers and parents, schools and trusts – all those who care about our children’s futures.

    All parents worry about their children and that’s because they want so much for them.

    There were times when I was small when my mum worried about me.

    People would tell her that I had speech issues, because I talked so little.

    Well, I’m talking now.

    And to the young people, the families, who feel like they don’t have a voice, don’t have a future.

    I say this,

    Under this government, [Political content removed] no longer will where you’re from decide what you go on to do.

    Opportunity, for every child, in every school, in every part of the country.

    Everything I do as Secretary of State, I do for all children.

    The ones who grow up on streets like mine, who don’t – not yet – have a great school to go to, who are weighed down by their background.

    I am asking more of schools, of trusts, of parents, of Ofsted, of myself, and of this government.

    And I make no apologies for that,

    We need change, to turn the drift and delay of today, into the restless progress of tomorrow.

    Because I believe that background shouldn’t be destiny.

    I believe in the power of education to take us to a brighter future.

    And I believe each and every child in our country deserves nothing less.

    Thank you.

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Outbrain Completes the Acquisition of Teads

    Source: GlobeNewswire (MIL-OSI)

    Highlights:

    • The combination will merge two open internet category leaders to create a unified omnichannel platform that delivers outcomes from branding to performance across all screens, including CTV, mobile and web. The new company will operate under the name Teads.
    • The union creates one of the largest open internet companies, with combined advertising spend of approximately $1.7 billion (FY24), reaching 2.2 billion consumers.
    • The company will unite two of the richest contextual and interest data sets on the open internet, powering an advanced AI prediction engine to optimize advertiser outcomes.
    • Outbrain CEO, David Kostman, will serve as CEO of the combined company, with Jeremy Arditi and Bertrand Quesada, former Teads CEOs, assuming the roles of Co-President, Chief Business Officer of the Americas and International respectively.
    • The two companies are preliminarily reporting a combined Ex-TAC Gross Profit of $623 million and Adjusted EBITDA of $230 million in 2024 including $65-75 million of estimated synergies1.
    • Transaction value of approximately $900 million, comprised of $625 million in cash and 43.75 million Outbrain shares.
    • Altice, selling shareholder of Teads, will nominate two out of a total of 10 board members.
    • Outbrain is providing selected preliminary results for the fourth quarter, in line with previously issued guidance in Outbrain’s November 2024 earnings call, and selected preliminary results for Teads and the combined company.

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Outbrain Inc. (NASDAQ: OB) today announced the closing of its acquisition of Teads, following receipt of all necessary regulatory approvals. The two companies will merge their respective branding and performance offerings to create the omnichannel outcomes platform for the open internet, and will operate under the name Teads.

    The new Teads will create one of the largest optimized supply paths on the premium open internet, with a focus on connecting curated, exclusive media environments with elevated, data-driven creative experiences. The combined company offering will be strengthened by Outbrain’s proprietary predictive technology and AI optimization. It will provide a solution for marketers to leverage a single partner to deliver concrete outcomes at every step of the marketing funnel— offering unique ways to combine advertising solutions from awareness to sales. The company’s combined data set will power expanded contextual, audience and purchase-based targeting capabilities, connecting CTV experiences to digital moments to drive measurable outcomes.

    “I am extremely excited about this new chapter in our journey. This transformative merger creates a company that directly addresses a large gap in the advertising industry: a scaled end-to-end platform that can drive outcomes, from branding to consideration to purchase, across screens,” said CEO, David Kostman.

    “Together, we are creating an extraordinary new company, combining the best of both organizations’ deep expertise in omnichannel video branding solutions and performance advertising. The new Teads’ mission is to drive lasting value with an offering that invites marketers to expect better outcomes, media owners to expect sustainable value, and consumers to expect elevated experiences. I want to thank the teams of both Outbrain and Teads, who have pioneered major advertising categories, and have built leading global companies over more than a decade. It is their innovation and commitment that have brought us to this moment and will propel us to new heights,” added Kostman.

    Co-President & Chief Business Officer, Jeremy Arditi, added: “We’re committed to creating a solution that will harness the untapped opportunity of the open internet, and allow all of its constituents to thrive. We believe that by prioritizing beautiful creative experiences, trust and transparency in media, and delivery of meaningful outcomes, we can create a stronger ecosystem that provides value for all.”

    “The merger between Teads and Outbrain makes a lot of sense strategically. We look forward to exploring the new possibilities this provides us with to reach our audiences in a new and interesting way, to deliver full funnel solutions and better business outcomes,” said Sital Banerjee, Global Head of Integrated Media, Performance Marketing, and BMI Management at Lipton Teas and Infusions.

    Key Combined Strengths

    With the completion of the combination, the new Teads will offer clients and partners:

    • Exceptional reach at great scale, across exclusive environments
      • 96 percent open internet audience reach*
      • Number one most direct supply path, as rated by Jounce**
      • Direct access to 10,000 media environment
      • Connected to the top 4 OEMs and several of the top Streaming Apps unlocking access to 50bn CTV Monthly Ad Opportunities, including unique CTV homescreen inventory
      • Proprietary code-on-page relationships with premium editorial properties globally, providing access to incremental inventory and yielding extensive audience interest and engagement insights
    • Creatives built for outcomes
      • Data-driven, beautiful creative solutions designed to connect brand moments across the marketing funnel — from CTV to editorial and beyond
      • Proven impact from unique experiences, with 74 percent higher attention for unique CTV native creative
      • Strategic Joint Business Partnerships with more than 50 of the world’s most premium brands
    • AI-powered predictive technology
      • Proprietary prediction engine, cultivated over 18+ years to drive performance outcomes, making 1 billion predictions each minute
      • 4 billion signals processed each minute via AI and machine learning
      • 50 live AI models
    • Expansive omnichannel graph, expanded on the Teads Omnichannel Graph foundation
      • The Teads Omnichannel Graph (OG), a proprietary tool extending contextual and audience-targeting capabilities into the CTV environment, will be further expanded by Outbrain engagement, interest, and conversion data
      • Extensive data signals feeding an understanding of audiences across screens, including:
        • 130,000 articles scanned per minute
        • 500,000 CTV programs enriched with data per month
        • 1 billion engagement and contextual signals processed each minute

    *According to Comscore, Media Metrix, Key Metrix, US, December 2024 for Teads.
    **According to 2024 Jounce SPO analyses, specific to Teads platform.

    Transaction Details

    Outbrain, Altice and Teads have amended the previously announced share purchase agreement, dated August 1, 2024. Under the terms of the revised agreement, Outbrain will be paying a total consideration of approximately $900 million, consisting of $625 million upfront cash and 43.75 million shares of common stock of Outbrain (valued at approximately $263 million based on the closing price of Outbrain’s common stock as of January 31, 2025, of $6.01).

    Under the revised terms, there is no deferred cash payment or convertible preferred equity component. The revised terms have meaningfully reduced the level of required debt financing and simplified the transaction structure.

    Outbrain intends to finance the transaction with existing cash resources and $625 million in committed debt financing from Goldman Sachs Bank USA, Jefferies Finance LLC and Mizuho Bank, Ltd., subject to customary funding conditions. Outbrain will also issue to Altice 43.75 million shares of common stock. Altice will nominate two directors to the board of Outbrain and will be bound by a stockholder agreement with Outbrain containing arrangements and restrictions concerning voting and disposition of the shares issued to Altice.

    Financial Highlights

    Preliminary Estimated Unaudited Financial Information for the Quarter and Year Ended December 31, 2024

    Today Outbrain is furnishing on Form 8-K selected preliminary estimated unaudited financial information for each of Outbrain and Teads on a standalone basis and on a combined company basis for the quarter and year ended December 31, 2024. Excerpts of such financial information can be found below. You are encouraged to refer to the Form 8-K and other documents filed or furnished by Outbrain with the SEC through the website maintained by the SEC at www.sec.gov.

    The Company previously announced its expectation to achieve $50 – 60 million of annual revenue and cost synergies in the second full year following completion of the acquisition, with further opportunities for expanded synergies in the following years. The Company now expects to realize approximately $65 – 75 million of annual synergies in FY 2026 with further opportunities for expanded synergies in the following years. Of this amount, approximately $60 million relates to cost synergies, including approximately $45 million of compensation related expenses. The Company plans to action approximately 70% of the compensation related expense savings during the first month post-closing. The upsize in expected synergies follows a robust integration planning process, enabling a larger and more rapid synergy capture.

    Outbrain is providing selected preliminary results for the fourth quarter and full year 2024, as follows:

    • Ex-TAC gross profit of $68.3 million for Q4 2024, and $236.1 million for FY 2024
    • Adjusted EBITDA of $17.0 million for Q4 2024, and $37.3 million for FY 2024

    For Teads, we are providing the following selected preliminary results for the fourth quarter and full year 2024, as follows:

    • Ex-TAC gross profit of $119.9 million for Q4 2024, and $386.6 million for FY 2024
    • Adjusted EBITDA of $52.2 million for Q4 2024, and $122.7 million for FY 2024

    The two companies are preliminarily reporting a combined Ex-TAC Gross Profit of approximately $623 million and Adjusted EBITDA of approximately $230 million in 2024, including $65-75 million of estimated synergies2.

    Conference Call and Webcast:
    Outbrain will host an investor conference call this morning, Monday, February 3rd at 9:00 am ET. Interested parties are invited to listen to the conference call which can be accessed live by phone by dialing 1-877-497-9071 or for international callers, 1-201-689-8727. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call and the replay is 13751603. The replay will be available until February 17, 2025. Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investors Relations section of the Company’s website at https://investors.outbrain.com. The online replay will be available for a limited time shortly following the call.

    Cautionary Note About Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the U.S. federal securities laws and the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. These statements are based on current expectations, estimates, forecasts and projections about the industries in which Outbrain and Teads operate, and beliefs and assumptions of Outbrain’s management. Forward-looking statements may include, without limitation, statements regarding possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives, expected synergies and statements of a general economic or industry-specific nature. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions, or are not statements of historical fact. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors including, but not limited to: risks that the acquisition disrupts current plans and operations or diverts management’s attention from its ongoing business; the initiation or outcome of any legal proceedings that may be instituted against Outbrain or Teads, or their respective directors or officers, related to the acquisition; unexpected costs, charges or expenses resulting from the acquisition; the ability of Outbrain to successfully integrate Teads’ operations, technologies and employees; the ability to realize anticipated benefits and synergies of the acquisition, including the expectation of enhancements to Outbrain’s services, greater revenue or growth opportunities, operating efficiencies and cost savings; overall advertising demand and traffic generated by Outbrain and the combined company’s media partners; factors that affect advertising demand and spending, such as the continuation or worsening of unfavorable economic or business conditions or downturns, instability or volatility in financial markets, and other events or factors outside of Outbrain and the combined company’s control, such as U.S. and global recession concerns; geopolitical concerns, including the ongoing war between Ukraine-Russia and conditions in Israel and the Middle East; supply chain issues; inflationary pressures; labor market volatility; bank closures or disruptions; the impact of challenging economic conditions; political and policy uncertainties; and other factors that have and may further impact advertisers’ ability to pay; Outbrain and the combined company’s ability to continue to innovate, and adoption by Outbrain and the combined company’s advertisers and media partners of expanding solutions; the success of Outbrain and the combined company’s sales and marketing investments, which may require significant investments and may involve long sales cycles; Outbrain and the combined company’s ability to grow their business and manage growth effectively; the ability to compete effectively against current and future competitors; the loss or decline of one or more large media partners, and Outbrain and the combined company’s ability to expand advertiser and media partner relationships; conditions in Israel, including the ongoing war between Israel and Hamas and other terrorist organizations, may limit Outbrain and the combined company’s ability to market, support and innovate their products due to the impact on employees as well as advertisers and advertising markets; Outbrain and the combined company’s ability to maintain revenues or profitability despite quarterly fluctuations in results, whether due to seasonality, large cyclical events or other causes; the risk that research and development efforts may not meet the demands of a rapidly evolving technology market; any failure of Outbrain or the combined company’s recommendation engine to accurately predict attention or engagement, any deterioration in the quality of Outbrain or the combined company’s recommendations or failure to present interesting content to users or other factors which may cause us to experience a decline in user engagement or loss of media partners; limits on Outbrain and the combined company’s ability to collect, use and disclose data to deliver advertisements; Outbrain and the combined company’s ability to extend their reach into evolving digital media platforms; Outbrain and the combined company’s ability to maintain and scale their technology platform; the ability to meet demands on our infrastructure and resources due to future growth or otherwise; the failure or the failure of third parties to protect Outbrain and the combined company’s sites, networks and systems against security breaches, or otherwise to protect the confidential information of Outbrain and the combined company; outages or disruptions that impact Outbrain or the combined company or their service providers, resulting from cyber incidents, or failures or loss of our infrastructure; significant fluctuations in currency exchange rates; political and regulatory risks in the various markets in which Outbrain and the combined company operate; the challenges of compliance with differing and changing regulatory requirements; the timing and execution of any cost-saving measures and the impact on Outbrain and the combined company’s business or strategy; and the other risk factors and additional information described in the section entitled “Risk Factors”, and under the heading “Risk Factors” in Item 1A of Outbrain’s Annual Report on Form 10-K filed with the SEC on March 8, 2024 for the year ended December 31, 2023, Outbrain’s Form 10-Q filed with the SEC on August 8, 2024 for the period ended June 30, 2024, Outbrain’s Form 10-Q filed with the SEC on November 7, 2024 for the period ended September 30, 2024 and in subsequent reports filed with the SEC.

    Accordingly, you should not rely upon forward-looking statements as an indication of future performance. Outbrain cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or will occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Outbrain and the combined company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the forward-looking statements. Outbrain undertakes no obligation, and does not assume any obligation, to update any forward-looking statements, whether as a result of new information, future events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events or otherwise, except as required by law.

    About The Combined Company
    Outbrain Inc. (Nasdaq: OB) and Teads combined on February 3, 2025 and are operating under the new Teads brand. The new Teads is the omnichannel outcomes platform for the open internet, driving full-funnel results for marketers across premium media. With a focus on meaningful business outcomes, the combined company ensures value is driven with every media dollar by leveraging predictive AI technology to connect quality media, beautiful brand creative, and context-driven addressability and measurement. One of the most scaled advertising platforms on the open internet, the new Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, with a global team of nearly 1,800 people in 36 countries.

    For more information, visit https://thenewteads.com/.

    Media Contact

    press@outbrain.com

    Investor Relations Contact

    IR@outbrain.com
    (332) 205-8999

    Non-GAAP Reconciliations

    The following table presents the reconciliation of Gross profit to Ex-TAC gross profit, for the periods presented:

        Three Months Ended December 31, 2024   Year Ended December 31, 2024
        Outbrain   Teads   Combined   Outbrain   Teads   Combined
    Revenue   $ 234,586     $ 188,953     $ 423,539     $ 889,875     $ 617,435     $ 1,507,310  
    Traffic acquisition costs     (166,247 )     (69,091 )     (235,338 )     (653,731 )     (230,831 )     (884,562 )
    Other cost of revenue (a)     (12,277 )     (26,441 )     (38,718 )     (44,042 )     (106,414 )     (150,456 )
    Gross profit     56,062       93,421       149,483       192,102       280,190       472,292  
    Other cost of revenue (a)     12,277       26,441       38,718       44,042       106,414       150,456  
    Ex-TAC Gross Profit   $ 68,339     $ 119,862     $ 188,201     $ 236,144     $ 386,604     $ 622,748  

    ___________
    (a) Other cost of revenue for Teads is subject to accounting policy harmonization.

    The following table presents the reconciliation of net income (loss) to Adjusted EBITDA, for the periods presented:

        Three Months Ended December 31, 2024   Year Ended December 31, 2024
        Outbrain   Teads   Combined   Outbrain   Teads   Combined
    Net (loss) income   $ (167 )   $ 69,613     $ 69,446     $ (711 )   $ 89,318     $ 88,607  
    Interest expense/financial costs     699     $ 116       815       3,649       1,176       4,825  
    Interest income and other income, net     (1,522 )   $       (1,522 )     (9,209 )           (9,209 )
    Gain related to convertible debt                       (8,782 )           (8,782 )
    Other financial income and (expenses)           (13,973 )     (13,973 )           (26,404 )     (26,404 )
    Provision for income taxes     3,525       16,143       19,668       2,415       38,256       40,671  
    Depreciation and amortization     4,985       3,027       8,012       19,479       12,834       32,313  
    Share-based compensation     3,974       (28,089 )     (24,115 )     15,461             15,461  
    Severance costs           393       393       742       1,593       2,335  
    Merger and acquisition costs     5,469       4,930       10,399       14,256       5,890       20,146  
    Adjusted EBITDA, excluding synergies   $ 16,963     $ 52,160     $ 69,123     $ 37,300     $ 122,663     $ 159,963  
    The Company expects to realize approximately $65 – 75 million of annual synergies in the second full year following completion of the Acquisition. (midpoint)                         70,000  
    Combined company Adjusted EBITDA (incl. synergies)                       $ 229,963  

    1Represents estimated full year 2026 Adjusted EBITDA synergies, with further opportunities for expanded synergies in the following years. Ex-TAC Gross Profit and Adjusted EBITDA are non-GAAP financial measures. See “Non-GAAP Reconciliations” below.
    2Represents estimated full year 2026 Adjusted EBITDA synergies, with further opportunities for expanded synergies in the following years

    The MIL Network

  • MIL-OSI USA: Warren Blasts Treasury Secretary Bessent for Granting Elon Musk and DOGE Access to Government Payment Systems

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    February 03, 2025

    “It is extraordinarily dangerous to meddle with the critical systems that…ensure that tens of millions of Americans receive their Social Security checks, tax refunds, and Medicare benefits.” 

    “This astonishing mismanagement – turning over the federal government’s entire payment system and sidelining the most senior career official responsible for managing it…could trigger a global financial crisis.”

    Text of Letter (PDF)

    Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs (BHUA) and member of the Senate Finance Committee, wrote to the Secretary of the Department of the Treasury (Treasury), Scott Bessent, with extreme concern following reporting that, in one of his first acts as Secretary, Elon Musk and his associates were given “full access” to the federal government’s critical payment systems, which includes the sensitive personal information of millions of Americans.

    The New York Times reported that, even before President Trump’s inauguration, Mr. Musk and his team at the Department of Government Efficiency (DOGE) began demanding access to the sensitive payment systems that are used by the federal government to disburse trillions of dollars every year and are essential to preventing a default on federal debt. Controlling these systems could allow the Trump Administration to “unilaterally”—and illegally—cut off payments for millions of Americans, putting at risk the financial security of families and businesses based on political favoritism or the whims of Mr. Musk and those on his team who have worked their way inside.

    “The public depends on the integrity of those systems, which control the flow of over $6 trillion in payments to American families, businesses, and other recipients every year,” wrote Senator Warren. Given the highly sensitive nature of the information in these systems, control over them is typically limited to a small number of career officials. 

    Reporting by the Washington Post indicates that Secretary Bessent also personally sidelined David Lebryk, a key official responsible for managing the extraordinary measures the Treasury is taking to avoid a default on U.S. debt. Mr. Musk and his team repeatedly pressured Mr. Lebryk to give them access to the payment systems, as part of the Trump administration’s plan to control spending in alarming and potentially unlawful ways. Rather than protecting the integrity and function of the payment system, Secretary Bessent reportedly bent to pressure from the White House, ultimately forcing him out. The move risks a global financial meltdown that would cost trillions of dollars and millions of jobs. 

    The loss of Mr. Lebryk’s expertise comes at a time when the Treasury is already taking extraordinary measures to prevent a catastrophic debt default. “The Fiscal Assistant Secretary – unlike the amateurs you have empowered in forcing him out – was well-prepared to manage these kinds of crises,” said Senator Warren. 

    “The American people deserve answers about your role in this mismanagement, which threatens the privacy and economic security of every American,” concluded Senator Warren

    Senator Warren asked Secretary Bessent to provide clarity on his role in providing Mr. Musk and his team access to Treasury payment systems, along with his role in ousting Mr. Lebryk from the Treasury Department, by February 7, 2025. 

    MIL OSI USA News

  • MIL-OSI USA: Warren, Wyden Press RFK Jr. to Resolve Conflicts of Interest Ahead of Committee Vote

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren

    February 03, 2025

    As HHS Secretary, RFK Jr. would have authority to influence anti-vaccine lawsuits in which he or his immediate family have an interest

    RFK Jr.’s updated ethics agreement states that he will pass personal stake in WisnerBaum lawsuits to adult son

    “Your involvement and financial interests in vaccine litigation are broad and extensive…You cannot credibly serve as Secretary without clearly and fully addressing these conflicts.”

    Text of Letter (PDF)

    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, and Ron Wyden (D-Ore.), Ranking Member on the Senate Finance Committee, wrote to Robert F. Kennedy (RFK) Jr., Trump’s nominee for Health and Human Services (HHS) Secretary, pressing him to urgently resolve his serious conflicts of interest before the committee vote Wednesday morning.

    “What is clear is that your involvement and financial interests in vaccine litigation are broad and extensive. It seems possible that many different types of vaccine-related decisions and communications—which you would be empowered to make and influence as Secretary—could result in significant financial compensation for your family,” wrote the lawmakers. “You cannot credibly serve as Secretary without clearly and fully addressing these conflicts.”

    Senators Warren and Wyden demanded that RFK Jr. commit to recusing himself from all vaccine-related communications and decisions and from all matters related to HHS-regulated entities involved in litigation that he or his family have an interest in. The lawmakers also asked him to commit to not litigate vaccine-related cases, represent parties in VICP-related cases, or have a financial interest in such litigation for at least 4 years after leaving office. The lawmakers also requested additional information regarding cases in which RFK Jr. served as an attorney of record.

    In RFK Jr.’s original ethics agreement, submitted on January 21st, he disclosed to the Senate Finance Committee that he maintains an agreement with the law firm WisnerBaum in which he refers cases to the firm and receives 10% of the funds awarded in successful cases — earning him roughly $2.5 million in just the past three years. Some cases he has referred have involved anti-vaccine claims, including an ongoing case against the HPV vaccine Gardasil. In his original ethics agreement, RFK Jr. confirmed that he would maintain this arrangement while serving as HHS Secretary.

    “As Secretary, you would have the power to strengthen plaintiffs’ hand in the litigation to increase their chances of winning. By using your authority and bully pulpit as Secretary to sway the outcome of the litigation and secure a big judgment or settlement, you would increase the chances of a large payout for yourself,” wrote the lawmakers.

    During RFK Jr.’s Senate Finance Committee hearing on January 29th, Sen. Warren pressed him on his conflicts of interest, specifically pushing him to commit to not take any compensation from any lawsuits against drug companies — such as the Gardasil case — while serving as Secretary and for four years afterwards. While RFK Jr. refused to commit during the hearing, he agreed to amend his flawed ethics agreement following further pressure from Senate Democrats, recognizing that his personal stake in WisnerBaum cases posed a serious conflict of interest.

    “Our concerns have only grown since your initial disclosures to the Finance Committee,” wrote the lawmakers. As Sens. Warren and Wyden note in their letter, recent developments have raised further questions since RFK Jr. submitted his initial ethics agreement, including:

    • In RFK Jr.’s amended ethics agreement, he revealed that he would divest his interest in the cases he refers to WisnerBaum to his “non-dependent, adult son” — who appears to be Connor Kennedy, a current employee of WisnerBaum.
    •  The Finance Committee identified at least five additional cases related to Gardasil litigation in which RFK Jr. appears to be an attorney of record, which were not disclosed. When asked, he did not directly acknowledge the omission or provide clarity — and did not further clarify in his updated ethics agreement.
    • In his initial ethics agreement, RFK Jr. described his arrangement with WisnerBaum, stating that he receives 10% of fees awarded in contingency fee cases referred to the firm where he is not an attorney of record. In written responses to the Finance Committee, RFK Jr. revealed that he referred “hundreds of cases” to WisnerBaum to which the 10% referral fee agreement applies — without providing any clarity about which cases and which vaccines may be involved.
    • In response to additional questions from the Finance Committee, RFK Jr. refused to commit to recusing himself from numerous HHS, FDA, and CDC decisions and communications related to Gardasil that could potentially influence the outcome of vaccine litigation in which he has an ongoing financial stake.

    “The arrangement outlined in your Ethics Agreement Amendment is plainly inadequate, as it would appear to allow an immediate family member to benefit financially from your position as Secretary,” wrote the lawmakers. “We cannot trust that your disclosures to the Finance Committee are accurate and complete based on the apparent omissions and lack of transparency surrounding how many cases you have referred to WisnerBaum and which specific vaccines are involved.”

    Senator Warren led the charge in exposing and highlighting RFK Jr.’s dangerous conflicts of interest, first raising the issuein his January 29th Senate Finance Committee confirmation hearing and continuing to pressure him for further clarity. The Wall Street Journal Editorial Board agreed with Senator Warren, writing: “Robert F. Kennedy Jr. pledged during his confirmation hearing on Wednesday to root out corruption between industry and government. Yet the man who wants to be the nation’s Secretary of Health and Human Services refused to rule out personally making money from lawsuits against drug makers. This ought to be disqualifying.”

    MIL OSI USA News