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Category: Politics

  • MIL-OSI Global: The Austin 7 is back – a short history of the iconic British car that changed the automotive industry

    Source: The Conversation – UK – By Tom Stacey, Senior Lecturer in Operations and Supply Chain Management, Anglia Ruskin University

    In perhaps one of the greatest brand comeback stories in automotive since the Fiat 500 in 2007, British car company Austin announced the return of the Austin Arrow.

    Its name is an unashamed reference to one of the most memorable Austin 7 models – first introduced in the 1920s the Arrow was the original “everyman sportscar”, before the muscle cars (think of the Dodge Challenger) of the US became popular in the 1960s. Now reimagined as an electric Vehicle (EV), the Arrow is designed and made in the UK and aims to be to 2020s consumers what the original was 90 years ago.

    A number of cars are synonymous with the British car industry. In fact, as a small nation, Britain punches above its weight when it comes to classic automobile brands – The Mini, the Range Rover, London black cabs, James Bond’s Aston Martins, and even the London red bus. However, if one car can be credited for creating the dawn of the motor vehicle in the UK, it would be the diminutive Austin 7.

    The car was created in the 1920s at the time when Austin was struggling. New laws were pushing manufacturers to produce smaller, less powerful cars. But Austin’s board of directors didn’t support a cheap, small car with low profit margins. Austin was known for its larger, luxury products.

    However, Sir Herbert Austin and his 18-year-old apprentice Stanley Edge decided to secretly create a small car. Thank god they didn’t heed the board, because they ended up creating the greatest democratising automotive product Britain had ever seen (until they repeated it with the Austin Mini).

    The reason why products such as the Austin 7 come to define their period is rarely due to their technical prowess or exhilarating performance – it’s because they bring to the masses a technology that is both useful and traditionally seen as out of reach.

    The Austin 7 was a bit like the iPhone. There were smartphones that came before it, like the Sony Ericsson p800. However, these were considered expensive and out of reach for the average consumer. The Iphone did the same thing but at a cheaper price and so came to be the definitive smartphone.

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    With the Austin 7, Herbert Austin’s team applied the key lessons from Ford’s Model T – creating a simple, modestly powered car with just enough features for mass appeal while incorporating clever design elements that earned the respect of car enthusiasts.

    When the Austin 7 was unveiled in July 1922, it was priced at just £165, when an Austin 20 was between £600 and £700. At a time when the average British worker earned around £5 per week, the only real affordable car had been Ford’s basic and utilitarian Model T at around £250.

    The 7’s ingenious design was the key to its success. With a shared base frame for the car, it could be a four-seater family car, a stylish coupe, or even a racing car.

    This cheap, tiny car not only was a legend in its own right and familiar around the world, but it influenced other legends too.

    Colin Chapman, the founder of Lotus Cars, based his first Lotus 1 on the Austin 7. What is less known is that German car manufacturer BMW built Austin 7s under licence in the 1920s and 30s but called them “Dixis”. Nissan did the same in Japan in the pre-war period. Such licensing deals helped set up both manufacturers’ future success as the powerhouses they are today.

    Austin 7s were produced all over Europe, Asia and even in Australia. The 7 was also produced in the US as the “American Bantam” and its design contributed to the “Willy’s Jeep”, one of the US’s most famous vehicles.

    Ultimately, the beginning of the second world war marked the end of Austin 7 production as the Austin factory at Longbridge, near Birmingham, needed to be repurposed to produce munitions. When the war ended, tastes for vehicles had changed and factories started to produce more modern designs, and not those from the 1920s, marking the end of a British automotive icon in 1939.

    Now it’s back, thanks to the engineer John Stubbs who bought the Austin brand after noticing the brand and trademarks were available. The rights to these had been owned by the Nanjing Automobile Group, which bought MG Rover when it collapsed in 2005. However, Nanjing had let these lapse and Stubbs bought them for £170 in 2015.

    The new Essex-based Austin Motor Company aims to recreate this classic brand, tugging at the heartstrings of those looking nostalgically at Britain’s automotive heyday. The announcement featured images of fun, cheap (£31,000) and light cars driving around the B-roads of Britain, or perhaps being taken to a racetrack for an amateur competition, harking back to earlier days. However, this car is thoroughly modern, featuring an electric motor.

    The new Austin Arrow is not meant to be the usable “everyman” car the original 7 was. For starters, to be compliant with quadricycle (a micro car with less than 6kW of power and an unladen mass no more than 425 kg) legislation it is limited to 60mph as a top speed and the range will be a maximum of 100 miles on one charge.

    However, as that fun, racy, open-top car that it’s predecessors were, it very much captures the spirit of the original Austin 7 Arrow.

    Tom Stacey 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 Austin 7 is back – a short history of the iconic British car that changed the automotive industry – https://theconversation.com/the-austin-7-is-back-a-short-history-of-the-iconic-british-car-that-changed-the-automotive-industry-248712

    MIL OSI – Global Reports –

  • MIL-OSI Global: Why bats need tunnels

    Source: The Conversation – UK – By Eleanor Harrison, Lecturer in Ecology, Keele University

    A soprano pipistrelle, one of the commonest UK species, often roosts in buildings. Bearacreative/Shutterstock

    Developers need not “worry about bats and newts” before they start building, Chancellor Rachel Reeves has said in a speech that outlined her plans to reform the UK’s planning process. Reeves’ comments suggest construction firms and housebuilders will be allowed to destroy habitat if they pay into “a nature fund” that might finance restoration elsewhere.

    As an ecologist (with a passion for bats), I have serious concerns about what this would mean for the UK’s dwindling biodiversity. The comments from the chancellor are, at best, disheartening at a critical time for nature conservation.

    Bats and newts are derided as the gum in the wheels of the planning system. But the idea that nature inherently obstructs development and stymies our collective prosperity is wrong. There are many ways infrastucture can be designed to work with nature in mind from the start – often with low cost.

    The chancellor’s own calculations are off if she attaches no economic value to nature. In one scientific study that tried to quantify the economic contribution of wildlife, researchers found that losing pest-eating bats in North American farmland would cost farmers several billions of dollars in crop losses.

    Blaming wildlife for economic challenges will only worsen the biodiversity crisis. A report from 2023 found that nearly one in six UK species are at risk of extinction, and that the country is one of the most nature depleted in the world.

    Rather than weakening protections for nature, the UK should be doing much more to help the plants and animals that call these islands home.

    Why we should worry about bats and newts

    Populations of the great crested newt halved between 1965 and 1975 and have continued to decline by 2% every five years since. The enormous loss of habitat is partly to blame: half of all ponds vanished in the 20th century and 80% of those remaining are in poor condition. These figures highlight the long-running failure of the planning system to protect nature.

    Newts need ponds to breed in, but they also traverse surrounding grasslands and marshes to find food and new homes. Destruction of these habitats will not be easily remedied by digging a new pond elsewhere, with money from the chancellor’s new fund. Connections between habitats are also essential – isolated, artificial ponds are of little use if wildlife cannot reach them.

    The UK has lost a vast area of nature habitat within a generation.
    Kyaw Thiha/Shutterstock

    This approach will be even less helpful to bats, whose habitat requirements are even more varied.

    Bats are highly sensitive to environmental changes. The UK is home to 18 species, including the brown long-eared bat and the pug-like barbastelle. Far from being the menace of developers, bats have suffered greatly as changes to buildings have excluded them from making roosts while changes to the wider landscape have made it harder for them to find feeding and breeding sites.

    The numbers of some species have shown a small increase since monitoring began in 1998, but a wider perspective is instructive: the barbastelle bat, for instance, has declined by 99% in the UK over the past few hundred years.

    The wider decline of nature now poses a terrible strain. Local bat conservation groups have reported an uptick in the number of starving or underweight bats. All UK bats eat insects, so their health is linked with moths and butterflies and other pollinators that knit ecosystems together. Bats are an early warning system for the overall health of our environment.

    Develop with nature, not against it

    Conservation measures have to be tailored to the relevant species and setting. Careful deliberation in the planning system is important to protect species – it cannot be replaced with a pot of money that each developer pays into.

    Take “bat tunnels”, the structures designed to help bats safely navigate developments which recently drew the chancellor’s ire. These tunnels have been installed along the HS2 trainline and, in theory, protect bats from the 220-mph train as it intersects their flight paths.

    Bat tunnels maintain connections between habitats, enabling bats to reach their roosting, feeding and breeding sites without risking their lives near roads or other man-made barriers. It’s not just a fatal collision bats risk – noise and pollution also perturb bats and the insects they eat.

    While some species might benefit from a simple bat box that allows bats to roost by providing a roosting structure either outside of a building or on trees, others might need more complex changes. Bats rely on sound to navigate, emitting squeaks that bounce around their environment to create an audible impression of the world.

    Conservationists might build them flight paths composed of hedgerows and other features that bats can use to orient themselves. This can be particularly important for developments over a large area.

    In these instances, it’s important that bats, who may travel several kilometres from their roosts to feeding sites, have well-connected habitats. Fragmenting the landscape leaves smaller and smaller pockets of available habitat which in turn support fewer and fewer species.

    Some measures to help wildlife are cheap and easy to implement.
    Heather Wharram/Shutterstock

    Instead of being an expensive burden, most measures for mitigating development are fairly easy to implement. It could be as simple as maintaining and improving hedgerows or preserving old trees. More ambitious schemes include designing rail lines that allow animals to pass over or beneath.

    Instead of weakening protections and treating biodiversity as a hindrance, a smarter approach would be to integrate nature into development from the outset, and so prevent harm to protected sites and reduce the need for compensation later. The Woodland Trust said that “HS2’s assessment of woodland was significantly deficient” and its impacts to ancient woodland could have been avoided with alternative routes or proposals. In lieu of better assessment, the developers ran into avoidable delays.

    There is no one-size-fits-all approach to conservation – no big pot of funding that can pay to repair all the damage later. It requires careful, species-specific strategies, because the needs of wildlife vary greatly. Ignoring the necessity of protecting wildlife jeopardises ecosystems which underpin the economy.

    Effective conservation is not a barrier to development, but rather, key to a sustainable future, for people, nature and industries.

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

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

    Eleanor Harrison is affiliated with Staffordshire Bat Group, who aid in bat conservation locally.

    – ref. Why bats need tunnels – https://theconversation.com/why-bats-need-tunnels-248782

    MIL OSI – Global Reports –

  • MIL-OSI Global: DeepSeek claims to have cured AI’s environmental headache. The Jevons paradox suggests it might make things worse

    Source: The Conversation – UK – By Peter Howson, Assistant Professor in International Development, Northumbria University, Newcastle

    William Stanley Jevons also invented an early computer. University of Manchester Libraries / wiki, CC BY-SA

    AI burns through a lot of resources. And thanks to a paradox first identified way back in the 1860s, even a more energy-efficient AI is likely to simply mean more energy is used in the long run.

    For most users, “large language models” such as OpenAI’s ChatGPT work like intuitive search engines. But unlike regular web-searches that find and retrieve data from anywhere along a global network of servers, AI models return data they’ve generated from scratch. Like powering up a nuclear reactor to use a calculator, this tailored process is very inefficient.

    One study suggests the AI industry will be consuming somewhere between 85 and 134 terrawatt-hours (TWh) of electricity by 2027. That’s a similar amount of energy as the Netherlands consumes each year. One prominent researcher predicts that by 2030, over 20% of all electricity produced in the US will be feeding AI data centres (huge warehouses filled with computers).

    Big tech firms have always claimed to be heavy investors in wind and solar energy. But AI’s appetite for 24/7 power means most are developing their own nuclear options. Microsoft even plans to revive the infamous Three Mile Island power plant, scene of America’s worst ever civil nuclear accident.

    Despite Google’s ambitious target of being carbon neutral by 2030, the company’s AI developments mean its emissions have climbed 48% in the past few years. And the computing power needed to train these models increases tenfold each year.

    However, Chinese start-up DeepSeek claims to have created a fix: a model that matches the performance of established US rivals like OpenAI, but at a fraction of the cost and carbon footprint.

    An environmental game changer?

    DeepSeek has created a powerful open-source, relatively energy-lite model. The company claims it spent just US$6 million renting the hardware needed to train its new R1 model, compared with over $60 million for Meta’s Llama, which used 11 times the computing resources.

    DeepSeek uses a “mixture-of-experts” architecture, a machine-learning method that allows the model to scale up and down depending on the complexity of prompts. The company claims its model can also store more data and be trained without the need for huge amounts of expensive processor chips.

    Compared with its US rivals, DeepSeek promises to do more with less.
    Chitaika / shutterstock

    In reaction, US chip manufacturing and energy stocks plummeted following investor concerns that AI companies would rethink their energy-intensive data centre developments. As the world’s largest supplier of specialist AI processors, Nvidia saw its share price fall by US$589 billion, the biggest one-day loss in Wall Street history.

    Paradoxically, as well as upsetting the performance of US tech stocks, improving the energy efficiency of AI platforms could actually worsen the industry’s environmental performance as a whole.

    With tech stocks crashing, Microsoft CEO Satya Nadella tried to bring a longer-term perspective: “Jevons paradox strikes again!” he posted on X. “As AI gets more efficient and accessible, we will see its use skyrocket, turning it into a commodity we just can’t get enough of.”

    The Jevons paradox

    The idea that energy efficiency isn’t always a good thing for Earth’s resources has been around for well over a century. In 1865, a young Englishman named William Stanley Jevons wrote “The Coal Question”, a book in which he suggested that Britain’s place as an industrial superpower might soon come to an end, due to its rapidly depleting coal reserves.

    But to Jevons, frugality was not the solution. He argued: “It is wholly a confusion of ideas to suppose that the economical use of fuel is equivalent to a diminished consumption. The very contrary is the truth.”

    According to Jevons, any increase in resource efficiency generates an increase in long-term resource consumption, rather than a decrease. Because greater energy efficiency has the effect of reducing energy’s implicit price, it increases the rate of return – and demand.

    Jevons offered the example of the British iron industry. If technological advancements helped a blast furnace produce iron with less coal, profits would rise and new investment in iron production would be attracted. At the same time, falling prices would stimulate additional demand. He concluded: “The greater number of furnaces will more than make up for the diminished [coal] consumption of each.”

    More recently, the economist William Nordhaus applied this idea to the efficiency of lighting since the dawn of human civilisation. In a paper published in 1998, he concluded that in ancient Babylon, the average labourer might need to work more than 40 hours to purchase enough fuel to produce the equivalent amount of light emitted by a modern lightbulb for one hour. But by 1992, an average American would need to work for less than half a second to produce the same.

    Throughout time, efficiency gains haven’t reduced the energy we expend on lighting or shrunk our energy consumption. On the contrary, we now generate so much electric light that areas without it have become tourist attractions.

    Warming and lighting our homes efficiently, driving our cars, mining Bitcoin and, indeed, building AI models are all subject to the same so-called rebound effects identified in the Jevons paradox. And this is why it will be impossible to ensure a more efficient AI industry actually leads to an overall reduction in energy use.

    A Sputnik moment

    In the 1950s, the US was horrified when the Soviets launched Sputnik, the first space satellite. The emergence of a more efficient rival caused America to allocate more resources to the space race, not less.

    DeepSeek is Silicon Valley’s Sputnik moment. More efficient AI will probably mean more distributed and powerful models, in an arms race that is no longer made up only of US tech giants. AI offers superpower status, and the floodgates may now be fully open for the UK and other global competitors, as well as China.

    What’s for certain is that in the long term, the AI industry’s appetite for energy and other resources is only going to increase.

    Peter Howson has received research funding from the British Academy.

    – ref. DeepSeek claims to have cured AI’s environmental headache. The Jevons paradox suggests it might make things worse – https://theconversation.com/deepseek-claims-to-have-cured-ais-environmental-headache-the-jevons-paradox-suggests-it-might-make-things-worse-248720

    MIL OSI – Global Reports –

  • MIL-OSI Global: DeepSeek: what you need to know about the Chinese firm disrupting the AI landscape

    Source: The Conversation – UK – By Stuart Mills, Assistant Professor of Economics, University of Leeds

    Before January 27 2025, it’s fair to say that Chinese tech company DeepSeek was flying under the radar. And then it came dramatically into view.

    Suddenly, everyone was talking about it – not least the shareholders and executives at US tech firms like Nvidia, Microsoft and Google, which all saw their company values tumble thanks to the success of this AI startup research lab.

    Founded by a successful Chinese hedge fund manager, the lab has taken a different approach to artificial intelligence. One of the major differences is cost.

    The development costs for Open AI’s ChatGPT-4 were said to be in excess of US$100 million (£81 million). DeepSeek’s R1 model – which is used to generate content, solve logic problems and create computer code – was reportedly made using much fewer, less powerful computer chips than the likes of GPT-4, resulting in costs claimed (but unverified) to be as low as US$6 million.

    This has both financial and geopolitical effects. China is subject to US sanctions on importing the most advanced computer chips. But the fact that a Chinese startup has been able to build such an advanced model raises questions about the effectiveness of these sanctions, and whether Chinese innovators can work around them.

    The timing of DeepSeek’s new release on January 20, as Donald Trump was being sworn in as president, signalled a challenge to US dominance in AI. Trump responded by describing the moment as a “wake-up call”.

    From a financial point of view, the most noticeable effect may be on consumers. Unlike rivals such as OpenAI, which recently began charging US$200 per month for access to their premium models, DeepSeek’s comparable tools are currently free. They are also “open source”, allowing anyone to poke around in the code and reconfigure things as they wish.

    Low costs of development and efficient use of hardware seem to have afforded DeepSeek this cost advantage, and have already forced some Chinese rivals to lower their prices. Consumers should anticipate lower costs from other AI services too.

    Artificial investment

    Longer term – which, in the AI industry, can still be remarkably soon – the success of DeepSeek could have a big impact on AI investment.

    This is because so far, almost all of the big AI companies – OpenAI, Meta, Google – have been struggling to commercialise their models and be profitable.

    Until now, this was not necessarily a problem. Companies like Twitter and Uber went years without making profits, prioritising a commanding market share (lots of users) instead.

    And companies like OpenAI have been doing the same. In exchange for continuous investment from hedge funds and other organisations, they promise to build even more powerful models.

    These models, the business pitch probably goes, will massively boost productivity and then profitability for businesses, which will end up happy to pay for AI products. In the mean time, all the tech companies need to do is collect more data, buy more powerful chips (and more of them), and develop their models for longer.

    But this costs a lot of money.

    Nvidia’s Blackwell chip – the world’s most powerful AI chip to date – costs around US$40,000 per unit, and AI companies often need tens of thousands of them. But up to now, AI companies haven’t really struggled to attract the necessary investment, even if the sums are huge.

    DeepSeek might change all this.

    By demonstrating that innovations with existing (and perhaps less advanced) hardware can achieve similar performance, it has given a warning that throwing money at AI is not guaranteed to pay off.

    For example, prior to January 20, it may have been assumed that the most advanced AI models require massive data centres and other infrastructure. This meant the likes of Google, Microsoft and OpenAI would face limited competition because of the high barriers (the vast expense) to enter this industry.

    Money worries

    But if those barriers to entry are much lower than everyone thinks – as DeepSeek’s success suggests – then many massive AI investments suddenly look a lot riskier. Hence the abrupt effect on big tech share prices.

    Shares in chipmaker Nvidia fell by around 17% and ASML, which creates the machines needed to manufacture advanced chips, also saw its share price fall. (While there has been a slight bounceback in Nvidia’s stock price, it appears to have settled below its previous highs, reflecting a new market reality.)

    Nvidia and ASML are “pick-and-shovel” companies that make the tools necessary to create a product, rather than the product itself. (The term comes from the idea that in a goldrush, the only person guaranteed to make money is the one selling the picks and shovels.)

    The “shovels” they sell are chips and chip-making equipment. The fall in their share prices came from the sense that if DeepSeek’s much cheaper approach works, the billions of dollars of future sales that investors have priced into these companies may not materialise.

    ‘When we find some gold we can invest in AI.’
    Everett Collection/Shutterstock

    For the likes of Microsoft, Google and Meta (OpenAI is not publicly traded), the cost of building advanced AI may now have fallen, meaning these firms will have to spend less to remain competitive. That, for them, could be a good thing.

    But there is now doubt as to whether these companies can successfully monetise their AI programmes.

    US stocks make up a historically large percentage of global investment right now, and technology companies make up a historically large percentage of the value of the US stock market. Losses in this industry might force investors to sell off other investments to cover their losses in tech, leading to a whole-market downturn.

    And it shouldn’t have come as a surprise. In 2023, a leaked Google memo warned that the AI industry was exposed to outsider disruption. The memo argued that AI companies “had no moat” – no protection – against rival models. DeepSeek’s success may be the proof that this is true.

    Richard Whittle receives funding from the ESRC, Research England and was the recipient of a CAPE Fellowship.

    Stuart Mills 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. DeepSeek: what you need to know about the Chinese firm disrupting the AI landscape – https://theconversation.com/deepseek-what-you-need-to-know-about-the-chinese-firm-disrupting-the-ai-landscape-248621

    MIL OSI – Global Reports –

  • MIL-OSI Global: Marianne Faithfull: the singer with an inimitable voice was a Romantic poet at heart

    Source: The Conversation – UK – By Stephanie Hernandez, PhD Candidate, Literature and Music, University of Liverpool

    Marianne Faithfull, the London-born singer with an inimitable voice, has passed away at the age of 78. She was known for many things: she was a pop star, an actress and a muse. But she was probably best known for her voice.

    When she first entered the world of pop in 1964, her high-pitched tones rang with mellifluous vibrato. As she grew older and lived an increasingly excessive lifestyle, she developed a rasp – a quality borne of her unique experiences.

    Faithfull’s final musical releases were works that incorporated Romantic poetry in different ways. She Walks in Beauty (2021) is a spoken-word album of canonical Romantic poetry by the likes of Lord Byron, Percy Shelley and John Keats. Songs of Innocence and Experience 1965-1995 (2022) is a chronological retrospective of her career which uses the name of William Blake’s poetry collection (1789) as its title.

    As a PhD student focused on the legacy of Romanticism in 1960s and 1970s popular music, I’ve closely examined Faithfull’s engagement with Romantic literature throughout her career. These final two albums represent a beautiful culmination of her artistic journey, and are a testament to her unique voice and strong poetic influences.

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    Songs of Innocence and Experience 1965-1995, like Blake’s poetry collection, is broken up into the sections Innocence and Experience.

    The Innocence portion of the album covers Faithfull’s youth, featuring early hits such as This Little Bird. Her early sound incorporated baroque pop instrumentation, including harps, harpsichord and horn arrangements (Come and Stay with Me), as well as folk styles with the acoustic guitar at the centre of the sound (Cockleshells).

    Faithfull’s voice in this section portrays her as an “innocent” girl in pop stardom, as its high pitch and pure tone embody a sense of naivete that is also reflected in her lyrics about young love, such as in Come and Stay With Me:

    We’ll live a life no one has ever known
    But I know you’re thinking that I’m hardly grown
    But oh thank God, at last and finally
    I can see you’re gonna stay with me

    There is a noticeable shift in the Innocence section of the album with the song Sister Morphine. As the song was made in collaboration with her then-boyfriend, Mick Jagger, it features a noticeably more rock sound in contrast to her previous pop productions. You can also hear subtle changes in Faithfull’s voice: it cracks and sounds strained in places.

    The song’s lyrics (“Please, Sister Morphine, turn my nightmares into dreams”) reflect the darker side of the mythologised “swinging sixties” lifestyle and its drug culture, which Faithfull has come to symbolise.

    Blake’s Songs of Innocence features a piper as the presiding narrator over the poems. In contrast, Songs of Experience is meant to be heard through the voice of an ancient bard, as established in Introduction to the Songs of Experience:

    Hear the voice of the Bard!
    Who Present, Past, & Future sees
    Whose ears have heard,
    The Holy Word
    That walk’d among the ancient trees.

    The Experience section of Faithfull’s album features music from Broken English (1979) and her re-recording of As Tears Go By, from Strange Weather (1987). The songs in this portion of the album exhibit her completely transformed voice: from piper to bard, it is deeper, raw and more weathered as a result of her struggles with addiction and bouts of illness. This brought a distinct edge to her music, marking a new phase in her career.

    Beyond the qualities of her voice, Faithfull’s song selection reflects Blake’s notions of Experience. Strange Weather (“Will you take me across the Channel / London Bridge is falling down”) aligns with Blake’s London geographically and thematically, as both explore entrapment and decay. Faithfull’s depiction of societal monotony, as in “Strangers talk only about the weather / All over the world / It’s the same …” echo Blake’s “charter’d street(s)” and “mind-forg’d manacles”.

    Faithfull’s connection to Romantic poetry is most overt in She Walks in Beauty, which she made with Warren Ellis (Australian composer and member of Nick Cave and the Bad Seeds). In this album, she recites Romantic poetry set to Ellis’s music.

    The poems she selected to recite are all by male poets and many feature voiceless female subjects, such as Byron’s She Walks in Beauty or Thomas Hood’s The Bridge of Sighs. On the album’s liner notes, Faithfull described how she related with these women, particularly Alfred, Lord Tennyson’s Lady of Shalott.

    The Lady of Shalott is a woman cursed to live alone in a tower near Camelot – unable to look directly at the world, forced to weave what she sees in the mirror. Faithfull uses the Lady to reflect on the pressure she felt to conform to the expectations imposed on her by the press and music industry. There is a parallel between the Lady’s forced isolation and her struggles with being controlled and defined by external forces, as she explained:

    Do I identify with the Lady? Oh yeah, always. I’m nothing like the Lady of Shalott, but I guess I wanted to be … When Mick Jagger wrote the lyrics for As Tears Go By, he knew this poem. There’s a bit he always said he used from here, the thing about ‘it was the closing of the day’.

    In the liner notes, Faithfull also mentioned that her love of poetry was thanks to her English teacher at St Joseph’s Convent in Reading, Mrs Simpson, and to Palgrave’s Golden Treasury, an anthology of English poetry, which she had bought as a teenager.

    Faithfull’s lifelong interest in literature came to fruition in her two final projects. They exemplify how she was a pop star, muse and chanteuse – and also a Romantic.

    Stephanie Hernandez 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. Marianne Faithfull: the singer with an inimitable voice was a Romantic poet at heart – https://theconversation.com/marianne-faithfull-the-singer-with-an-inimitable-voice-was-a-romantic-poet-at-heart-248805

    MIL OSI – Global Reports –

  • MIL-OSI USA: Sen. Sheikh Rahman: Weeks 2 & 3 of the Legislative Session 

    Source: US State of Georgia

    As we enter the heart of the legislative session, work under the Gold Dome is moving full speed ahead. Even as ice and snow swept across South Georgia and Atlanta last week, our commitment to serving the people of Georgia never wavered.

    We hit the ground running when we returned to the Capitol this past Monday. Some highlights included the Senate Democratic Caucus Press Conference, Alpha Kappa Alpha Sorority Inc. Day and Chamber of Commerce Day. I am always excited to see these events full of Georgians getting involved in our state government.

    As budget hearings for the next fiscal year continue over the remainder of session, we have a critical opportunity to shape investments that will directly impact our communities. Governor Brian Kemp’s proposed budget includes $50 million in security grants for individual schools—an essential step toward keeping students safe. However, proper school safety goes beyond physical security; it requires a commitment to addressing the broader issues affecting student well-being. I will continue advocating for a budget that supports working families, invests in underserved communities, and ensures every Georgian has the opportunity to succeed.

    On Tuesday, the Senate Democratic Caucus announced several key legislative priorities for this session. We introduced Senate Bill 50, a bipartisan effort to close health insurance gaps, expand mental health and maternal care access, and ensure working families can afford quality healthcare. Too many Georgians rely on emergency rooms for primary care because they lack affordable insurance. We believe every Georgian deserves reliable, accessible healthcare, and we will continue pushing for solutions that lower costs and expand coverage. In the coming weeks, we will introduce bills to raise the state minimum wage, improve public schools, and expand access to affordable childcare. Our focus remains on legislation that puts people first.

    I am pleased to have worked across the aisle and cosponsored several pieces of bipartisan legislation, including Senate Bill 9, or the “Ensuring Accountability for Illegal AI Activities Act.” Sponsored by Sen. John Albers (R—Roswell), SB 9 would create sentencing penalties for individuals who utilize artificial intelligence to develop obscene materials that could endanger vulnerable members of our population. 

    I encourage students between the ages of 12 and 18 to apply to spend a day as a Senate Page. This program allows students to participate actively in the legislative process at our State Capitol for a day during the legislative session. This program is an invaluable experience, and I encourage my younger constituents to participate. Interested students may apply for the program here.

    The weeks ahead will be eventful, with key debates and legislation shaping Georgia’s future. I’m committed to keeping you informed and ensuring your voice is heard. Thank you for your trust—I encourage you to stay engaged as we work toward a stronger, fairer Georgia.

    # # # #

    Senator Sheikh Rahman represents the 5th Senate District which includes portions of Lawrenceville, Norcross, Duluth, Tucker and Lilburn in Gwinnett County. He may be reached at (404) 463-5261 or by email at sheikh.rahman@senate.ga.gov.

    MIL OSI USA News –

  • MIL-OSI Russia: IMF Executive Board Concludes 2024 Article IV Consultation with Samoa

    Source: IMF – News in Russian

    January 31, 2025

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Samoa on January 16, 2025 and endorsed the staff appraisal without a meeting on a lapse-of-time basis.[2]

    Samoa’s economic recovery has been remarkable. Following a 15 percent contraction over 3 years during the pandemic, GDP growth rebounded to 9.2 percent in FY2023 and accelerated further to 9.4 percent in FY2024, driven by a quick recovery in the tourism sector. Inflation has declined from double digit levels in FY2023 to 2.9 percent year-on-year in October 2024. The fiscal surplus increased further to 10.1 percent of GDP in FY2024, supported by robust grant flows, buoyant tax revenues, and restrained expenditures, including low capital spending amid capacity constraints. The current account moved to a surplus in FY2024 which, combined with continued strong grant inflows, supported a significant increase in foreign reserves.

    GDP growth is projected to remain robust at 5.5 percent in FY2025, driven by an anticipated pickup in public investment and the preparations and hosting of the Commonwealth Heads of Government Meeting (CHOGM). Inflation is expected to rise moderately amid the ongoing economic recovery. While the near-term outlook remains favorable, growth is expected to slow to the historical average of around 2 percent in the medium term. Furthermore, risks to the outlook are skewed to the downside amid heightened global uncertainties and potential pressures on inflation, including from significant excess liquidity in the banking system.

    Executive Board Assessment

    In concluding the 2024 Article IV consultation with Samoa, Executive Directors endorsed the staff’s appraisal, as follows:

    Samoa’s near-term economic outlook remains favorable. GDP growth in FY2025 is projected to remain well above pre-pandemic levels, supported by the preparations and hosting of CHOGM and the envisaged expansionary fiscal stance. Inflation is expected to rise moderately as the economic recovery continues. GDP growth is expected to converge towards the historical average of about 2 percent over the medium-term. Risks to the outlook are tilted to the downside, including from a slowdown in key trading partners amid heightened global uncertainty, as well as upside risks to inflation from external and domestic sources.

    Samoa’s recent policy mix has helped build significant economic buffers but has also presented challenges. Large fiscal surpluses have improved debt dynamics, resulting in an upgrade to Samoa’s debt distress rating from high to moderate in the IMF-WB DSA, but low capital spending is undermining the economy’s productive capacity. The tight fiscal stance, coupled with high grants and remittance inflows and the exchange rate peg, has resulted in the emergence of a large current account surplus with the external sector assessed to be substantially stronger than the level implied by fundamentals and desired policy settings. The resulting large build up in foreign reserves has also created excess liquidity in the banking system.

    An expansionary fiscal stance will support the economy, while fiscal reforms can improve the effectiveness of policy and mitigate risks. The focus in the near term should be overcoming capacity constraints to execute much needed public investment, including climate-related projects.

    Maintaining PFM controls over the DDP, including through the election cycle, remains a priority. Improving fiscal data and implementing further PFM reforms can also help improve policy formulation, implementation, and credibility. Fully reversing the pandemic-era utility tariff cuts, while implementing any support for low-income households transparently through the budget, can help address lingering weakness in some SOEs while protecting the vulnerable.

    Monetary policy normalization should continue, with an aim to guide interest rates higher. The exchange rate peg remains the appropriate nominal anchor. However, to guard against domestic inflation risks, monetary policy should aim to reduce excess liquidity to reasonable levels and push real short-term rates to positive territory.

    Further strengthening financial supervision and regulation, including for PFIs, should be a priority. Financial sector risks have declined relative to the pandemic but require continued monitoring. Priorities for the banking system include operationalizing the emergency liquidity assistance framework and enhancing prudential standards. Upgrading governance and prudential regulations for PFIs is also needed to contain potential risks. Establishing an online credit registry will help advance financial inclusion.

    A multi-pronged approach can help mitigate CBR pressures. Strengthening the AML/CFT legal framework and implementing effective risk-based supervision will help prepare Samoa for its APG mutual evaluation in 2027. Ensuring the timely rollout of the e-KYC facility and the National Digital ID will help improve customer due diligence. Given low ML/TF risks from remittance payments, effort should be made to streamline regulatory and supervisory requirements on both sides of main remittance corridors.

    Overcoming significant structural challenges which impede the medium-term growth potential will require concerted reform efforts. Key priorities include attracting foreign investment, reducing trade facilitation costs, and mitigating the impact of the pickup in the seasonal workers program, including by enhancing human capital and raising labor force participation rates.

    Table 1. Samoa: Selected Economic and Financial Indicators 1/

    Proj.

    2020/21

    2021/22

    2022/23

    2023/24

    2024/25

    2025/26

    2026/27

    2027/28

    2028/29

    Output
    and
    Inflation

    (12-month percent change)

    Real GDP

    -7.0

    -5.4

    9.2

    9.4

    5.5

    2.8

    2.1

    2.0

    2.0

    Nominal GDP

    -7.5

    0.0

    18.0

    14.9

    8.7

    6.0

    5.2

    5.0

    5.1

    Consumer price
    index
    (end of period)

    4.1

    10.8

    10.7

    0.8

    3.5

    2.6

    3.0

    3.0

    3.0

    Consumer price
    index
    (period average)

    -3.0

    8.7

    12.0

    3.6

    3.1

    3.0

    3.0

    3.0

    3.0

    Central Government Finances

    (In percent of GDP)

    Revenue
    and grants

    36.5

    38.5

    34.1

    36.0

    33.0

    32.0

    31.5

    31.5

    31.4

    Of which: Grants

    6.8

    9.4

    4.5

    6.2

    4.2

    4.0

    4.0

    4.0

    4.0

    Expenditure

    34.7

    33.1

    31.0

    25.9

    33.1

    33.5

    33.4

    33.5

    33.6

    Of which: Expense

    31.3

    32.2

    27.5

    25.7

    27.9

    28.3

    28.2

    28.3

    28.2

    Of which: Net acquisition
    of non-financial assets

    3.4

    0.9

    3.5

    0.3

    5.2

    5.2

    5.2

    5.2

    5.4

    Overall balance

    1.7

    5.4

    3.0

    10.1

    -0.1

    -1.5

    -1.9

    -2.0

    -2.2

    Gross debt outstanding

    46.3

    43.7

    33.3

    27.7

    22.5

    19.3

    20.4

    21.5

    22.6

    Money
    and
    Credit Aggregates

    (12-month percent change)

    Broad
    money (M2)

    8.1

    2.2

    16.3

    7.7

    7.5

    6.0

    6.0

    6.0

    6.0

    Private
    sector
    credit, commercial banks

    1.5

    0.2

    -2.6

    3.5

    4.0

    5.0

    5.0

    5.0

    5.0

    Private
    sector
    credit,
    other financial corporations

    -0.9

    4.9

    2.9

    8.2

    …

    …

    …

    …

    …

    Private
    sector
    credit,
    total
    financial system

    2.0

    0.6

    -0.1

    3.7

    …

    …

    …

    …

    …

    Private Sector Credit

    (In percent of GDP)

    Commercial banks

    53.1

    53.2

    43.9

    39.5

    …

    …

    …

    …

    …

    Total financial system

    94.0

    94.6

    80.1

    72.3

    …

    …

    …

    …

    …

    Bank Financial Soundness

    Regulatory capital to risk-
    weighted assets, ratio

    28.1

    28.8

    33.2

    29.0

    …

    …

    …

    …

    …

    Non-performing loans to
    total gross loans, ratio

    3.7

    4.6

    4.7

    4.6

    …

    …

    …

    …

    …

    Balance of Payments

    (In percent of GDP)

    Current account balance

    -14.5

    -11.3

    -3.3

    4.0

    -0.5

    -1.2

    -1.3

    -1.6

    -2.0

    Merchandise exports,
    f.o.b.

    4.1

    3.8

    4.6

    3.5

    3.4

    3.5

    3.5

    3.5

    3.7

    Merchandise imports, f.o.b.

    37.8

    41.4

    47.1

    41.3

    43.0

    42.9

    42.7

    42.5

    42.5

    Services
    (net)

    -3.9

    -2.9

    10.8

    17.6

    16.4

    16.0

    16.0

    16.0

    16.0

    Of which: Tourism receipts

    0.0

    0.0

    16.4

    21.0

    21.9

    21.5

    21.5

    21.5

    21.5

    Income
    (net)

    -1.7

    -2.6

    -1.3

    -2.3

    -2.7

    -2.8

    -2.8

    -2.8

    -2.8

    Current transfers
    (net)

    24.8

    31.7

    29.6

    26.4

    25.4

    25.1

    24.6

    24.1

    23.7

    External Reserves and Debt

    Gross
    official reserves (million
    U.S.
    dollars) 2/

    288.5

    303.2

    401.7

    494.3

    503.8

    506.2

    523.9

    542.9

    557.5

    (in months
    of next
    year’s imports)

    7.9

    6.4

    8.3

    9.0

    8.8

    8.5

    8.5

    8.3

    8.2

    External
    debt (in percent of GDP)

    46.1

    43.6

    33.3

    25.9

    20.9

    17.8

    19.0

    20.3

    21.5

    Exchange Rates

    Market rate (tala/U.S. dollar,
    period average)

    2.57

    2.61

    2.73

    2.76

    …

    …

    …

    …

    …

    Real
    effective exchange
    rate

    -0.5

    6.4

    9.2

    -0.6

    …

    …

    …

    …

    …

    (12-month percent change) 3/

    Memorandum items:

    Nominal GDP
    (million 
    tala)

    2,169

    2,170

    2,562

    2,943

    3,200

    3,391

    3,568

    3,748

    3,938

    GDP per capita (U.S. dollars)

    4,136

    4,032

    4,498

    5,070

    5,474

    5,728

    5,945

    6,160

    6,440

    Sources: Data provided by the Samoan authorities; and IMF staff estimates and projections.

    1/ Fiscal years July-June.

    2/ Incorporates August 2021 SDR allocation.

    3/ Increase signifies appreciation.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/01/31/pr25023-samoa-imf-executive-board-concludes-2024-article-iv-consult

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Canada: Largest Addictions Treatment Centre in Saskatchewan Opens its Doors to Inpatients

    Source: Government of Canada regional news

    Released on January 31, 2025

    Mental Health and Addictions Minister Lori Carr is pleased to announce that the first phase of inpatient spaces is now available at the new addictions treatment centre near Lumsden.

    Intake started January 21 for 20 inpatient spaces at the EHN Willowview Recovery Centre.

    “I am delighted that the first phase of inpatient spaces are now operating at our province’s largest addictions treatment centre,” Carr said. “The Government of Saskatchewan is focused on helping residents who want treatment for substance use access the supports they need to start their path to recovery.”

    The centre, located about 20 minutes northwest of Regina, has space for 60 patients. It has been offering intensive outpatient treatment since October 2024. As renovations continue on the facility, outpatient spaces are expected to start transitioning to inpatient spaces.

    EHN Willowview Recovery Centre is operated by EHN Canada. EHN is a leading addictions treatment provider with decades of experience operating facilities across Canada.

    “It is genuinely a privilege to partner with the Government of Saskatchewan and the Saskatchewan Health Authority to bring this world-class centre to the residents of this province,” EHN CEO Joe Manget said. “As a resident of Ontario, I really envy what this province is doing; your government is forward thinking and gets things done. I hope the country takes note of Saskatchewan’s leadership in mental health and addictions.”

    EHN Canada was one of the successful proponents chosen through a competitive Request for Proposals process initiated by the Ministry of Health and the Saskatchewan Health Authority (SHA) seeking addictions treatment services, including intensive outpatient, inpatient treatment and recovery or transitional services.

    The agreement to provide the service is between the SHA and EHN Canada.

    “We know that anyone can struggle with substance use that can lead to dependency,” SHA Provincial Executive Director of Mental Health and Addictions Services Colleen Quinlan said. “These treatment spaces are another monumental step toward getting more people access to the help they need when they need it. This partnership allows us to better support Saskatchewan residents voluntarily seeking addictions treatment on their recovery journey.”

    EHN Willowview Recovery Centre will provide adults who want treatment for substance use with holistic, wrap-around inpatient addictions treatment for up to 16 weeks.

    With the 60 spaces at Willowview, 221 of the 500 new spaces under Saskatchewan’s Action Plan for Mental Health and Addictions are now available to Saskatchewan residents.

    This includes:

    • 15 inpatient treatment spaces at Muskwa Lake Wellness Camp;
    • 15 withdrawal management spaces at Onion Lake Cree Nation;
    • 15 inpatient treatment spaces and two withdrawal management spaces at Thorpe Recovery Centre near Lloydminster;
    • 26 post-treatment spaces at St. Joseph’s Addiction Recovery Centre in Estevan;
    • 32 intensive outpatient treatment spaces through Possibilities Recovery Center in Saskatoon;
    • 14 inpatient addictions treatment spaces with Poundmaker’s Lodge in North Battleford; and
    • 42 virtual spaces through EHN Canada.

    The 2024-25 Provincial Budget invests a record $574 million in mental health and addiction supports and services. This is the largest investment in the province’s history for mental health and addiction supports.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI United Kingdom: Office of the Public Guardian appoints non-executive Board Chair

    Source: United Kingdom – Executive Government & Departments

    Alison Sansome appointed as non-executive Board Chair for the Office of the Public Guardian.

    Alison Sansome has been appointed as the new non-executive Board Chair for the Office of the Public Guardian (OPG). In her role, Alison will lead the Board, facilitating Board meetings and helping to inform decision making, using her knowledge and expertise to provide independent scrutiny and constructive advice.  

    Non-executives are senior external figures who provide independent advice, support, and challenge to government departments on policy implementation, operational delivery, and strategic direction. 

    The non-executive Board Chair has regular meetings with the Chief Executive to reflect on the organisation’s direction and the board’s role in supporting and challenging the executive team. Alison has extensive board, committee and tribunal experience in a range of sectors including justice, health, defence, emergency services and information technology. She currently holds a number of roles in a non-executive portfolio, including Vice Chair of the Fire Standards Board and Board Member for the Office of Legal Complaints. Alison also previously held several Senior Civil Service roles in the Ministry of Defence. 

    On Alison’s appointment, Public Guardian and Chief Executive Amy Holmes, said: 

    “We’re delighted to have Alison join the OPG Board. Alison has a wealth of knowledge and experience, including time within the Civil Service. Her expertise is welcomed by the Board and will be key in creating positive impact for our customers.”

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Recruitment for a Senior Safety Assessor

    Source: United Kingdom – Executive Government & Departments

    Senior Safety Assessor vacancy, working on authorising veterinary medicines in the UK.

    We have a vacancy for a Senior Safety Assessor.

    Job Title

    Senior Safety Assessor

    Grade

    G7

    Salary & Pension

    £ 59,900 per annum with Pension Scheme

    Annual Leave entitlement

    Commencing at 25 days

    Role

    This exciting and interesting job puts you at the heart of authorising veterinary medicines in the UK.  You will be a senior assessor within the Human and Environmental Safety Team, which is part of the VMD’s Authorisations Division.

    Assessment of data relating to human risk assessments being the primary focus, with the secondary requirement being the assessment of environmental safety.

    How to apply

    You must make your application via Senior Safety Assessor – Civil Service Jobs – GOV.UK where you will find a full job description.

    Closing Date

    24 February 2025

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Welch Reintroduces, Adds Cosponsors to Withstanding Extreme Agricultural Threats by Harvesting Economic Resilience (WEATHER) Act

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    Legislation creates new insurance program for farmers to protect against extreme weather
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) recently led Senators Bernie Sanders (I-Vt.), Elizabeth Warren (D-Mass.), Richard Blumenthal (D-Conn.), Chris Murphy (D-Conn.),and Chris Van Hollen (D-Md.) in reintroducing theWithstanding Extreme Agricultural Threats by Harvesting Economic Resilience (WEATHER) Act, legislation that calls for the development of an index-based insurance policy that is more responsive to crop and income losses faced by farmers as a result of extreme weather. This would be especially beneficial to farmers in Vermont following floods in July 2023 and July 2024, which impacted nearly 31,000 acres of farmland across the state and resulted in at least $50 million in agricultural losses and damages 
    “As we saw during brutal back-to-back floods in Vermont, the consequences of extreme weather events are devastating, and they can vary from farm to farm. It’s crucial that crop insurance meets the needs of our farmers and gets support back to those who need it, quickly,” said Senator Welch. “This commonsense bill works to ensure that all farmers are protected against economic strains caused by extreme weather and get the help they need to recover when a disaster hits. It’s important for Vermont’s family-owned small farms, and it’s important for farmers all across America.” 
    “The current federal crop insurance options are not workable for many of the small and diversified farms we have in Vermont. In the face of flooding and more unpredictable weather due to climate change, the federal government must step up to support farmers, food producers, and small businesses. The WEATHER Act is an important step in ensuring the Federal Crop Insurance Program can respond to the needs of farmers in Vermont and across the northeast,” said Senator Sanders. 
    “For years, I’ve sounded the alarm that uninsured farmers need aid to rebuild from floods and other extreme weather events, especially since these crops are their livelihood,” said Sen. Warren. “The WEATHER Act begins to solve this problem by reimbursing farmers automatically if an extreme weather event occurs, rather than the current system that imposes a large administrative burden on farmers, systematically disadvantaging family-run diversified farms.”   
    “A new normal of thousand-year storms every year has caused chaos for farmers across the country—ruining crops and destroying land—and in recent years, Connecticut farms have been devastated by extreme weather events, including severe flooding and unprecedented droughts. With this essential legislation, we work to improve our farm safety nets for producers in order to make sure they receive the support they need to weather the storm and keep their farms thriving,” said Senator Blumenthal. 
    “Farmers in Connecticut are increasingly dealing with more extreme weather, and we need to make sure they don’t face extra burdens when the next disaster strikes,” said Senator Murphy. “The WEATHER Act would simplify the recovery process by using weather data to trigger automatic insurance payouts, helping farmers get back on their feet quickly with less red tape.” 
    “More frequent floods and drought driven by climate change are threatening the livelihoods of our state’s farmers – from Western Maryland to the Eastern Shore. By modernizing federal crop insurance to account for these growing risks, this legislation will help Maryland’s small family farms get back up and running more quickly following natural disasters and improve the stability of our food supply,” said Senator Van Hollen. 
    “The WEATHER Act of 2025, introduced by Senators Welch, Sanders, and Warren is a thoughtfully and carefully crafted proposal that would direct the Federal Crop Insurance Corporation to collaboratively research and develop an index-based insurance policy designed to support farmers in withstanding agricultural income losses closely correlated with weather conditions—including severe weather or growing conditions applicable to small-scale farmers,” said David Howard, Policy Development Director for the National Young Farmers Coalition. “Young farmers across the country are dealing with the increasingly destructive impacts of the climate crisis on their farms every day. As farmers struggle to rebuild from and manage ongoing and future impacts, it is clear that we need more tools in our agricultural climate risk policy toolbox. Young Farmers endorses the WEATHER Act of 2025, recognizing how this proposal can complement existing resources and strengthen support for young farmers in persevering through these impacts.” 
    Unpredictable weather events exacerbate risks associated with farming, necessitating responsive crop insurance policies. However, producers often opt out of crop insurance due to administrative burdens, high premiums, and low payouts. The WEATHER Act works to better support farmers facing income losses after extreme weather events by reducing administrative hurdles and ensuring that insurance payouts are based on agricultural income losses. The legislation would direct the U.S. Department of Agriculture (USDA) to use its insurance research and development authority to research the possibility of developing an index-based insurance program that: 
    Creates a multi-peril index insurance product for farmers based on weather indices correlated to agricultural income losses using data from National Oceanic and Atmospheric Administration (NOAA), satellites, climate models, and other data sources. 
    Pays out within 30 days in the event of indices exceeding any of the pre-determined county-level thresholds for the following events: High winds, excessive moisture and flooding, extreme heat, abnormal freeze conditions, hail, wildfires, drought, and other perils the Secretary determines appropriate. 
    Learn more about the WEATHER Act. 
    Read the full text of the bill. 

    MIL OSI USA News –

  • MIL-OSI: Bank of the James Announces Fourth Quarter, Full Year of 2024 Financial Results and Declaration of Dividend

    Source: GlobeNewswire (MIL-OSI)

    LYNCHBURG, Va., Jan. 31, 2025 (GLOBE NEWSWIRE) — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc. (“PWW”), an SEC-registered investment advisor, today announced unaudited results of operations for the three month and 12 month periods ended December 31, 2024. The Bank serves Region 2000 (the greater Lynchburg MSA) and the Blacksburg, Buchanan, Charlottesville, Harrisonburg, Lexington, Nellysford, Roanoke, and Wytheville, Virginia markets.

    Net income for the three months ended December 31, 2024 was $1.62 million or $0.36 per basic and diluted share compared with $2.11 million or $0.45 per basic and diluted share for the three months ended December 31, 2023. Net income for the 12 months ended December 31, 2024 was $7.94 million or $1.75 per share compared with $8.70 million or $1.91 per share for the year 12 months ended December 31, 2023.

    Robert R. Chapman III, CEO of the Bank, commented: “Our Company delivered another year of high-quality earnings driven by a wide range of banking products, services, and investment management. These diversified sources of revenue were supported by a large regional market and broad base of commercial and retail clients, enabling the Company and the Bank to record strong financial performance and grow shareholder value in a year that presented its share of economic changes and challenges.

    “With a more stable interest rate environment, we made new loans and repriced existing loans to accurately reflect prevailing rates, which generated a positive trend in yields on earning assets. We began to slow the rate of interest expense increases that have characterized the past three years. Although margins continue to experience pressure, there was net interest margin expansion beginning in the second half of 2024 – a positive trend that we anticipate will continue in coming quarters.

    “Noninterest income was an important component of earnings that included fee income from commercial treasury management, wealth management through PWW, gains on the sale of originated residential mortgages, card services and more. Led by healthy growth in these activities, noninterest income in 2024 rose 18% from a year earlier.

    “Total loans, net, increased 6% in 2024, with commercial real estate loan growth leading the way. Commercial & industrial and commercial construction loan portfolios grew moderately year-over-year. Residential mortgages increased 6% as we continued our practice of selling most originated mortgages to the secondary market. Our mortgage lending team did an outstanding job of maintaining our Bank’s leadership as a premier mortgage originator in the markets we serve.

    “Key to generating consistent, predictable earnings is maintaining high levels of loan quality through credit management. Measures such as asset quality ratios, total nonperforming loans, and provisioning for credit losses continue reflect exceptional credit management. Our credit management team, headed by Chief Credit Officer Chip Umberger, continue to do outstanding work ensuring loan quality.

    “Total deposits increased in 2024 compared with 2023. We remain focused on growing deposits from commercial and retail customers, particularly core deposits, and building this important source of funding for loans and providing liquidity. During the year, we opened strategic locations in Buchanan and Nellysford, Virginia, further expanding the Bank’s deposit-gathering capabilities and value to customers.

    “We provided meaningful value to our shareholders in 2024. Solid earnings, strong asset quality and efficient operation contributed to a consistent, longstanding trend of enhancing the Company’s value to its shareholders. Stockholders’ equity rose 8% from a year earlier, retained earnings increased by more than $6 million, and book value per share rose to $14.28 at December 31, 2024 from $13.21 a year earlier. The Company also paid quarterly cash dividends to shareholders, as it has for many years.

    “We believe the Company is well-positioned for the coming year, continuing on a path of providing superior value to our shareholders, customers and communities.”

    Fourth Quarter and Full Year of 2024 Highlights

    • Net income and earnings per share (EPS) in the fourth quarter and full year of 2024 was impacted by higher noninterest expense, which included a $534,000 fee related to the negotiation of a contract with a credit/debit card processor. Over the term of the contract, the Company expects to recognize up to $438,000 in incentive payments from the card processor, and anticipates generating additional long-term benefits and savings of $2.1 million associated with the contract.
    • Total interest income rose 13% to $44.64 million for the full year of 2024 compared with $39.36 million in 2023. The growth primarily reflected commercial loan interest rates, commercial real estate (CRE) growth, and the addition of higher-rate residential mortgages. The average yield earned on loans, including fees, increased to 5.50% in 2024 compared with 5.05% in 2023.
    • Net interest income after provision for (recovery of) credit losses in the full year of 2024 was $29.89 million compared with $29.92 million for the full year of 2023. The full year of 2024 reflected loan loss recoveries driven by strong asset quality, and the impact of elevated interest expense.
    • Net interest margin in the fourth quarter of 2024 was 3.18%, trending up from 3.16% in the third quarter and 3.02% in the second quarter of 2024, reflecting continuing margin expansion. Net interest margin for the full year of 2024 was 3.11% compared with 3.29% in 2023. Interest spread for the full year of 2024 was 2.78% compared with 3.06% a year earlier.
    • Total noninterest income for the full year of 2024 was $15.14 million, up 17.64% from $12.87 million a year earlier. Growth primarily reflected gains on sale of loans held for sale, fee income generated by commercial treasury services and residential mortgage originations, and wealth management fee income from PWW, which contributed $0.34 per share to earnings in 2024.
    • Loans, net of the allowance for credit losses, increased 6% to $636.55 million at December 31, 2024 compared with $601.92 million at December 31, 2023.
    • Commercial real estate loans (owner occupied and non-owner occupied) grew 9% to $335.53 million at December 31, 2024 from $306.86 million a year earlier.
    • Measures of asset quality included a ratio of nonperforming loans to total loans of 0.25% at December 31, 2024, low levels of nonperforming loans, and zero other real estate owned (OREO).
    • Total assets were $979.24 million at December 31, 2024 compared with $969.37 million at December 31, 2023.
    • Total deposits were $882.40 million at December 31, 2024, up from $878.46 million at December 31, 2023.
    • Shareholder value measures included 8% growth in stockholders’ equity at December 31, 2024 from a year earlier, retained earnings of $42.80 million, up from $36.68 million a year earlier, and a book value per share of $14.28 compared with $13.21 at December 31, 2023.
    • On January 21, 2025 the Company’s board of directors approved a quarterly dividend of $0.10 per common share to stockholders of record as of March 7, 2025, to be paid on March 21, 2025.

    Fourth Quarter, Full Year of 2024 Operational Review

    Net interest income after provision for (recovery of) credit losses for the fourth quarter of 2024 was $7.76 million compared to net interest income after provision for credit losses of $7.29 million a year earlier. In the full year of 2024, net interest income after recovery of credit losses was $29.89 million compared with $29.92 a year earlier. The credit loss recovery in the full year of 2024 was $655,000 compared with $179,000 in the full year of 2023.

    Total interest income increased to $11.64 million in the fourth quarter of 2024 compared with $10.54 million a year earlier. The full year of 2024 total interest income was $44.64 million, up from $39.36 million in the full year of 2023. The year-over-year increases primarily reflected upward rate adjustments to variable rate commercial loans and new loans reflecting the prevailing rate environment.

    During 2024, investment portfolio management and appropriate rate increases on loans contributed to year-over-year growth in yields on total earning assets, which were 4.75% in 2024 compared with 4.36% in 2023.

    Total interest expense in the fourth quarter of 2024 was $3.95 million and $15.41 million for the full year of 2024, increasing 25.44% and 60.12% from $3.15 and $9.62 in the comparable periods of 2023. The increase primarily reflects higher deposit rates commensurate with the prevailing interest rate environment, and also more interest-bearing deposits.

    A stabilizing interest rate environment contributed to some margin pressure relief, particularly in the second half of 2024. For the full year of 2024, the net interest margin was 3.11% compared with 3.29% a year earlier, while interest spread was 2.78% for the full year of 2024, compared with 3.06% a year earlier.

    Noninterest income in the fourth quarter of 2024 rose 20% to $3.82 million compared with $3.18 million in the fourth quarter of 2023. For the full year of 2024, noninterest income was up 18% to $15.14 million from $12.87 million in 2023.

    Noninterest income in 2024 included income contributions from debit card activity, a write-up on an investment in an SBIC fund, commercial treasury services, and the mortgage division. Strong contributions from wealth management fees, primarily generated by PWW, were $4.84 million in 2024, up from $4.20 million a year earlier. Steady activity in residential mortgage originations throughout 2024 was reflected in gains on sale of loans held for sale of $4.49 million compared with $3.94 million a year earlier.

    Noninterest expense in the fourth quarter of $9.50 million compared with $8.42 million in the fourth quarter of 2023. Noninterest expense for the full year of 2024 was $35.11 million compared with $32.51 million for the full year of 2023. As previously noted, noninterest expense was impacted by a one-time payment to a consultant that helped negotiate a contract with a debit card provider, recorded in the fourth quarter of 2024. We will recognize incentive payments and cost savings from the underlying contract in subsequent quarters. Diligent expense management, judicious personnel expenses related to new locations, and accrual of year-end employee compensation throughout the year contributed to stable year-over-year salaries and employee benefits costs in the fourth quarter and full year of 2024.

    Balance Sheet: Strong Cash Position, High Asset Quality

    Total assets were $979.24 million at December 31, 2024 compared with $969.37 million at December 31, 2023, with the increase primarily reflecting loan growth.

    Loans, net of allowance for credit losses, were $636.55 million at December 31, 2024 compared with $601.92 million at December 31, 2023, primarily reflecting growth of commercial real estate loans and stability in other loan categories.

    Commercial real estate loans (owner-occupied and non-owner occupied and excluding construction loans) were $335.53 million at December 31, 2024 compared with $306.86 million at December 31, 2023, reflecting new loans and a decreasing rate of loan payoffs. Of this amount, commercial real estate (non-owner occupied) was approximately $195.09 million and commercial real estate (owner occupied) was $140.44 million. The Bank closely monitors concentrations in these segments, and has no commercial real estate loans secured by large office buildings in large metropolitan city centers.

    Commercial construction/land loans and residential construction/land loans were $50.04 million at December 31, 2024 compared with $50.28 million at December 31, 2023. The Company continued experiencing positive activity and health in commercial and residential construction projects. Commercial and industrial loans were $66.42 million at December 31, 2024 compared with $65.32 million at December 31, 2023, reflecting a continuing trend of stability in this loan segment.

    Residential mortgage loans that we intend to keep on the balance sheet were $113.30 million at December 31, 2024 compared with $106.99 million at December 31, 2023. Growth of these retained mortgages has been minimal, as the Bank has continued to focus on selling the majority of originated mortgage loans to the secondary market. Consumer loans (open-end and closed-end) were $78.31 million at December 31, 2024 compared with $76.52 million at December 31, 2023.

    Ongoing high asset quality continues to have a positive impact on the Company’s financial performance. The ratio of nonperforming loans to total loans at December 31, 2024 was 0.25% compared with 0.06% at December 31, 2023. The allowance for credit losses on loans to total loans was 1.09% at December 31, 2024 compared with 1.22% on December 31, 2023. Total nonperforming loans were $1.64 million at December 31, 2024. As a result of having no OREO, total nonperforming assets were the same as total nonperforming loans.

    Total deposits were $882.40 million at December 31, 2024, compared with $878.46 million at December 31, 2023. Noninterest bearing demand deposits, NOW, money market and savings were down moderately compared with 2023 and time deposits increased. At both December 31, 2024 and December 31, 2023, the Bank had no brokered deposits.

    Key measures of shareholder value were positive. Stockholders’ equity increased 8% to $64.87 million at December 31, 2024 from $60.04 million a year earlier. Retained earnings increased to $42.80 million at December 31, 2024 compared with $36.68 million a year earlier. Book value per share was $14.28 compared with $13.21 at December 31, 2023, but down from $15.15 at September 30, 2024, in part reflecting quarterly fluctuations in required fair market valuations of the Company’s available-for-sale investment portfolio.

    Some balance sheet measures are impacted by interest rate fluctuations and fair market valuation measurements in the Company’s available-for-sale securities portfolio and are reflected in accumulated other comprehensive loss. These mark-to-market losses are excluded when calculating the Bank’s regulatory capital ratios. The available-for-sale securities portfolio is composed primarily of securities with explicit or implicit government guarantees, including U.S. Treasuries and U.S. agency obligations, and other highly-rated debt instruments. The Company does not expect to realize the unrealized losses as it has the intent and ability to hold the securities until their recovery, which may be at maturity. Management continues to diligently monitor the creditworthiness of the issuers of the debt instruments within its securities portfolio.

    About the Company

    Bank of the James, a wholly-owned subsidiary of Bank of the James Financial Group, Inc. opened for business in July 1999 and is headquartered in Lynchburg, Virginia. The Bank currently services customers in Virginia from offices located in Altavista, Amherst, Appomattox, Bedford, Blacksburg, Buchanan, Charlottesville, Forest, Harrisonburg, Lexington, Lynchburg, Madison Heights, Nellysford, Roanoke, Rustburg, and Wytheville. The Bank offers full investment and insurance services through its BOTJ Investment Services division and BOTJ Insurance, Inc. subsidiary. The Bank provides mortgage loan origination through Bank of the James Mortgage, a division of Bank of the James. The Company provides investment advisory services through its wholly-owned subsidiary, Pettyjohn, Wood & White, Inc., an SEC-registered investment advisor. Bank of the James Financial Group, Inc. common stock is listed under the symbol “BOTJ” on the NASDAQ Stock Market, LLC. Additional information on the Company is available at www.bankofthejames.bank.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “plan” and similar expressions and variations thereof identify certain of such forward-looking statements which speak only as of the dates on which they were made. Bank of the James Financial Group, Inc. (the “Company”) undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Such factors include, but are not limited to, competition, general economic conditions, potential changes in interest rates, changes in the value of real estate securing loans made by the Bank as well as geopolitical conditions. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company’s filings with the Securities and Exchange Commission.

    CONTACT: J. Todd Scruggs, Executive Vice President and Chief Financial Officer (434) 846-2000.

    FINANCIAL RESULTS FOLLOW

    Bank of the James Financial Group, Inc. and Subsidiaries
    Consolidated Balance Sheets
    (dollar amounts in thousands, except per share amounts)

      (unaudited)    
    Assets 12/31/2024   12/31/2023
    Cash and due from banks $ 23,287     $ 25,613  
    Federal funds sold   50,022       49,225  
    Total cash and cash equivalents   73,309       74,838  
           
    Securities held-to-maturity (fair value of $3,170 and $3,231 as of December 31, 2024 and 2023)   3,606       3,622  
    Securities available-for-sale, at fair value   187,916       216,510  
    Restricted stock, at cost   1,821       1,541  
    Loans, net of allowance for credit losses of $7,044 and $7,412 as of December 31, 2024 and 2023   636,552       601,921  
    Loans held for sale   3,616       1,258  
    Premises and equipment, net   19,313       18,141  
    Interest receivable   3,065       2,835  
    Cash value – bank owned life insurance   22,907       21,586  
    Customer relationship Intangible   6,725       7,285  
    Goodwill   2,054       2,054  
    Income taxes receivable   –       128  
    Deferred tax asset   8,936       8,206  
    Other assets   9,424       9,446  
    Total assets $ 979,244     $ 969,371  
           
    Liabilities and Stockholders’ Equity      
    Deposits      
    Noninterest bearing demand $ 129,692     $ 134,275  
    NOW, money market and savings   522,208       538,229  
    Time   230,504       205,955  
    Total deposits   882,404       878,459  
           
    Capital notes, net   10,048       10,042  
    Other borrowings   9,300       9,890  
    Income taxes payable   86       –  
    Interest payable   722       480  
    Other liabilities   11,819       10,461  
    Total liabilities $ 914,379     $ 909,332  
           
    Stockholders’ equity      
    Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,543,338 as of December 31, 2024 and 2023   9,723       9,723  
    Additional paid-in-capital   35,253       35,253  
    Accumulated other comprehensive (loss)   (22,915 )     (21,615 )
    Retained earnings   42,804       36,678  
    Total stockholders’ equity $ 64,865     $ 60,039  
           
    Total liabilities and stockholders’ equity $ 979,244     $ 969,371  
     
     

    Bank of the James Financial Group, Inc. and Subsidiaries
    Consolidated Statements of Income
    (dollar amounts in thousands, except per share amounts)
    (unaudited)

        For the Year Ended
        Ended December 31,
    Interest Income     2024       2023  
    Loans   $ 34,505     $ 31,378  
    Securities        
    US Government and agency obligations     1,471       1,273  
    Mortgage-backed securities     2,381       1,899  
    Municipals     1,244       1,212  
    Dividends     95       82  
    Corporates     543       560  
    Interest bearing deposits     775       496  
    Federal Funds sold     3,629       2,462  
    Total interest income     44,643       39,362  
             
    Interest Expense        
    Deposits        
    NOW, money market savings     5,455       2,984  
    Time Deposits     9,173       5,796  
    FHLB borrowings     –       31  
    Finance leases     76       86  
    Other borrowings     376       398  
    Capital notes     327       327  
    Total interest expense     15,407       9,622  
             
    Net interest income     29,236       29,740  
             
    Recovery of credit losses     (655 )     (179 )
             
    Net interest income after recovery of credit losses     29,891       29,919  
             
    Noninterest income        
    Gains on sale of loans held for sale     4,494       3,938  
    Service charges, fees and commissions     4,003       3,901  
    Wealth management fees     4,843       4,197  
    Life insurance income     721       548  
    Other     1,014       283  
    Gain on sales of available-for-sale securities     62       –  
             
    Total noninterest income     15,137       12,867  
             
    Noninterest expenses        
    Salaries and employee benefits     19,294       18,311  
    Occupancy     1,964       1,819  
    Equipment     2,499       2,416  
    Supplies     542       530  
    Professional, data processing, and other outside expense     6,528       5,296  
    Marketing     768       919  
    Credit expense     816       805  
    Other real estate expenses, net     –       40  
    FDIC insurance expense     441       419  
    Amortization of intangibles     560       560  
    Other     1,693       1,392  
    Total noninterest expenses     35,105       32,507  
             
    Income before income taxes     9,923       10,279  
             
    Income tax expense     1,979       1,575  
             
    Net Income   $ 7,944     $ 8,704  
             
    Weighted average shares outstanding – basic and diluted     4,543,338       4,562,374  
             
    Net income per common share – basic and diluted   $ 1.75     $ 1.91  
     
     

    Bank of the James Financial Group, Inc. and Subsidiaries
    Dollar amounts in thousands, except per share data
    unaudited

    Selected Data: Three
    months
    ending
    Dec 31,
    2024    		 Three
    months
    ending
    Dec 31,
    2023    		 Change Year
    to
    date
    Dec 31,
    2024    		 Year
    to
    date
    Dec 31,
    2023    		 Change
    Interest income $     11,636   $    10,538     10.42 % $     44,643   $     39,362     13.42 %
    Interest expense   3,950     3,149     25.44 %   15,407     9,622     60.12 %
    Net interest income   7,686     7,389     4.02 %   29,236     29,740     -1.69 %
    Provision for (recovery of) credit losses   (71 )   99     -171.72 %   (655 )   (179 )   265.92 %
    Noninterest income   3,816     3,178     20.08 %   15,137     12,867     17.64 %
    Noninterest expense   9,503     8,416     12.92 %   35,105     32,507     7.99 %
    Income taxes   452     (56 )   -907.14 %   1,979     1,575     25.65 %
    Net income   1,618     2,108     -23.24 %   7,944     8,704     -8.73 %
    Weighted average shares outstanding – basic and diluted   4,543,338     4,543,338     –     4,543,338     4,562,374     (19,036 )
    Basic and diluted net income per share $        0.36   $         0.45   $     (0.09 ) $         1.75   $      1.91   $     (0.16 )
    Balance Sheet at
    period end:    		 Dec 31,
    2024    		 Dec 31,
    2023    		 Change Dec 31,
    2023    		 Dec 31,
    2022    		 Change
    Loans, net $    636,552 $ 601,921   5.75 % $    601,921 $    605,366   -0.57 %
    Loans held for sale   3,616   1,258   187.44 %   1,258   2,423   -48.08 %
    Total securities   191,522   220,132   -13.00 %   220,132   189,426   16.21 %
    Total deposits   882,404   878,459   0.45 %   878,459   848,138   3.58 %
    Stockholders’ equity   64,865   60,039   8.04 %   60,039   50,226   19.54 %
    Total assets   979,244   969,371   1.02 %   969,371   928,571   4.39 %
    Shares outstanding   4,543,338   4,543,338   –     4,543,338   4,628,657   (85,319 )
    Book value per share $       14.28 $       13.21 $         1.07   $        13.21 $        10.85 $      2.36  
    Daily averages: Three
    months
    ending
    Dec 31,
    2024    		 Three
    months
    ending
    Dec 31,
    2023    		 Change Year
    to
    date
    Dec 31,
    2024    		 Year
    to
    date
    Dec 31,
    2023    		 Change
    Loans $ 642,197   $ 609,800   5.31 % $ 623,769   $ 616,047   1.25 %
    Loans held for sale   3,612     3,406   6.05 %   3,494     3,512   -0.51 %
    Total securities (book value)   218,680     236,267   -7.44 %   232,992     226,637   2.80 %
    Total deposits   920,655     882,277   4.35 %   901,449     867,269   3.94 %
    Stockholders’ equity   68,563     50,097   36.86 %   62,575     50,977   22.75 %
    Interest earning assets   963,217     921,665   4.51 %   939,900     903,491   4.03 %
    Interest bearing liabilities   801,812     753,144   6.46 %   783,003     738,335   6.05 %
    Total assets   1,021,547     963,511   6.02 %   995,738     950,276   4.78 %
                 
    Financial Ratios: Three
    months
    ending
    Dec 31,
    2024    		 Three
    months
    ending
    Dec 31,
    2023    		 Change Year
    to
    date
    Dec 31,
    2024    		 Year
    to
    date
    Dec 31,
    2023    		 Change
    Return on average assets   0.63 %   0.87 % (0.24 )   0.80 %   0.92 % (0.12 )
    Return on average equity   9.39 %   16.69 % (7.30 )   12.70 %   17.07 % (4.37 )
    Net interest margin   3.18 %   3.18 % –     3.11 %   3.29 % (0.18 )
    Efficiency ratio   82.62 %   79.64 % 2.98     79.11 %   76.29 % 2.82  
    Average equity to average assets   6.71 %   5.20 % 1.51     6.28 %   5.36 % 0.92  
    Allowance for credit losses: Three
    months
    ending
    Dec 31,
    2024    		 Three
    months
    ending
    Dec 31,
    2023    		 Change Year
    to
    date
    Dec 31,
    2024    		 Year
    to
    date
    Dec 31,
    2023    		 Change
    Beginning balance $ 7,078   $ 7,320   -3.31 % $ 7,412   $ 6,259   18.42 %
    Retained earnings adjustment related to impact of adoption of ASU 2016-13   –     –   N/A     –     1,245   -100.00 %
    Provision for (recovery of) credit losses*   (39 )   123   -131.71 %   (533 )   (65 ) 720.00 %
    Charge-offs   –     (40 ) -100.00 %   (84 )   (236 ) -64.41 %
    Recoveries   5     9   -44.44 %   249     209   19.14 %
    Ending balance   7,044     7,412   -4.96 %   7,044     7,412   -4.96 %
                 
    * does not include provision for or recovery of unfunded loan commitment liability    
    Nonperforming assets: Dec 31,
    2024    		 Dec 31,
    2023    		 Change Dec 31,
    2023    		 Dec 31,
    2022    		 Change
    Total nonperforming loans $ 1,640 $ 391 319.44 % $ 391 $ 633 -38.23 %
    Other real estate owned   –   – N/A     –   566 -100.00 %
    Total nonperforming assets   1,640   391 319.44 %   391   1,199 -67.39 %
    Asset quality ratios: Dec 31,
    2024    		 Dec 31,
    2023    		 Change Dec 31,
    2023    		 Dec 31,
    2022    		 Change
    Nonperforming loans to total loans 0.25 % 0.06 % 0.19   0.06 % 0.10 % (0.04 )
    Allowance for credit losses for loans to total loans 1.09 % 1.22 % (0.12 ) 1.22 % 1.02 % 0.19  
    Allowance for credit losses for loans to nonperforming loans 429.51 % 1895.65 % (1,466.14 ) 1895.65 % 988.78 % 906.87  

    The MIL Network –

  • MIL-OSI: Shareholders’ Nomination Committee proposal on the composition and remuneration of the Board of Directors of Oma Saving Bank Plc

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 31 JANUARY 2025 AT 19.00 P.M. EET, OTHER INFORMATION DISCLOSED TO THE RULES OF THE EXCHANGE

    Shareholders’ Nomination Committee proposal on the composition and remuneration of the Board of Directors of Oma Saving Bank Plc

    The Shareholders’ Nomination Committee proposes the following to the Annual General Meeting of Oma Savings Bank Plc (OmaSp or the Company) on 8 April 2025:

    The number of members of the Board of Directors is proposed to be confirmed at seven.

    The Shareholders’ Nomination Committee proposes that the current Board members Juhana Brotherus, Irma Gillberg-Hjelt, Aki Jaskari, Jaakko Ossa, Carl Pettersson, Kati Riikonen and Juha Volotinen.

    All candidates are proposed to be elected for the period starting at the Annual General Meeting 2025 and ending at the Annual General Meeting 2026. All nominees have given their consent to the election. At the time of election, all proposed nominees are independent in their relationship with the company and its significant shareholders.

    Details of the Board members nominated for election:

    JUHANA BROTHERUS
    Juhana Brotherus (born 1986) has been a member of OmaSp’s Board of Directors since December 2024. Brotherus has been the Director and Chief Economist of the Federation of Finnish Enterprises since 2023. In addition, Brotherus worked as Chief Economist and Director of the Mortgage Society of Finland in 2014–2023 and as the Economist of Danske Bank in 2011–2014. Brotherus has served as the Vice Chairman of the Board of HOAS since 2018, as a member of the Investment Committee of the Finnish Business School Graduates since 2016, as a member of the Board of the Foundation for Economic Students in Helsinki in 2015–2020, and as a member of the Board of aTalent Recruitingin in 2012–2018, of which as the Chairman of the Board in 2014–2018. Brotherus holds a Master of Economic Sciences.

    IRMA GILLBERG-HJELT
    Irma Gillberg-Hjelt (born 1962) has been a member of OmaSp’s Board of Directors since December 2024. Gillberg-Hjelt has has been the Executive Vice President and Head of Corporate Banking of Aktia Bank Plc in 2017–2020, employed by Danske Bank and its predecessors from 1987 to 2017 holding managerial positions in the corporate customer business in 2010–2017, as Bank Director in 2007–2012, as financial director in 2003–2007, and in customer-responsible positions in 1987–2003. In addition, Gillberg-Hjelt has been a member of the Board of Directors of Saldo Bank UAB in 2023–2024. Gillberg-Hjelt holds a Master of Laws.

    AKI JASKARI
    Aki Jaskari (born 1961) has been a member of OmaSp’s Board of Directors since 2014. Jaskari has served as the CEO of Nerkoon Höyläämö Oy since 1995. In addition, Jaskari has been a member of the Advisory Board of Leppäkosken Sähkö Group Oy since 2001, a member of the Regional Advisory Committee of Pohjola Insurance Oy in 2001–2015 and as a member of the Board of the Parkano Savings Bank in 2010–2013. Jaskari holds a master’s degree in economics.

    JAAKKO OSSA
    Jaakko Ossa (born 1965) has been the Chairman of the Board of OmaSp since May 2024 and a member of the Board since 2023. Ossa has been a professor of financial law at the University of Turku since 1998. Ossa has an extensive written production, particularly in the field of corporate taxation and investment taxation. Along with his academic career, Ossa has held expert positions at Asianajotoimisto Astrea Oy for around 20 years and currently at Ossa Partners Oy, a family company. Ossa has been as a member of the Board of several companies, including Liedon Savings Bank, Sp-Fund Management Company and the Savings Bank Association. In addition, he is currently the Chairman of the delegation of Taxpayers Association of Finland (TAF) and the inspector of the Satakuntalais-Hämäläinen Student Nation (osakunta) of the University of Turku. Ossa holds a Doctor of Laws.

    CARL PETTERSSON
    Carl Pettersson (born 1979) has been the Vice Chairman and a member of OmaSp’s Board of Directors since January 2025. Pettersson has been the Managing Director of Elo Pension Company since 2021. In addition, Pettersson has been the Managing Director of Veritas Pension Insurance Company in 2017–2021, Deputy Managing Director of Aktia Bank Plc in 2016–2017 and prior to that in several management positions of Aktia Bank Plc in 2008–2016 and as Director of OP Raasepori’s branch office in 2006-2008. Pettersson holds a Bachelor of Business Administration and an eMBA.

    KATI RIIKONEN
    Kati Riikonen (born 1971) has been a member of OmaSp’s Board of Directors since December 2024. Riikonen has been the VP, Head of Online, Marketing and Analytics of Telia Finland Plc in 2020–2024, Head of Industry of Google Finland in 2017–2020, Managing Director of Isobar Finland Oy in 2015–2017, Chief Digital Officer of DNA Oy in 2013-2015 and Marketing Director of DNA Oy in 2011–2013, an entrepreneur of KRi Marketing and Training in 2006–2009, Marketing Director of Motorola Inc. USA in 2003–2006 and as various expert and team leader positions at Nokia Plc in 1996–2003. In addition, Riikonen has been a member of the Board of Directors of Kamux Plc since 2024, a member of the Board of Directors of Verkkokauppa.com Plc since 2023, a member of the Board of Directors of Nooa Savings Bank in 2021–2024, a member of the Board of Directors of Kotipizza Group in 2021–2022, a member of the Board of Directors of City Digital Oy in 2016–2018, and a member of the Board of Frantic Media Oy in 2012–2014. Riikonen holds a Master of Business Administration.

    JUHA VOLOTINEN
    Juha Volotinen (born 1975) has been a member of OmaSp’s Board of Directors since December 2024. Volotinen has been the CIO of the Municipality Finance Plc since 2021. In addition, Volotinen worked as CIO of Aktia Bank Plc in 2017–2021 and before that in several managerial positions in Aktia Bank Plc in 2010–2017, in SEB Ab in several managerial positions in 2003–2010, and as IT Manager of Danske Securities in 2002–2003. Volotinen has served as a member of the Board of Directors of Aktia Finance in 2017–2020. Volotinen holds a Master of Economic Sciences.

    Shareholders’ Nomination Committee proposal on the remuneration of the Board of Directors of OmaSp:
                                                                                      
    The Shareholders’ Nomination Committee proposes that the members of the Board of Directors be paid annual remuneration as follows:

    • Chairperson of the Board EUR 85,000
    • Vice Chairperson of the Board EUR 60,000
    • Other members of the Board EUR 40,000

    In addition, the Chairperson of the Board Committees are paid a separate annual fee as follows:

    • Chairperson of the Remuneration Committee EUR 6,000
    • Chairperson of the Risk Committee EUR 9,000
    • Chairperson of the Audit Committee EUR 9,000

    The Shareholders’ Nomination Committee proposes that meeting fees be paid as follows:

    • Board meeting EUR 1,000
    • Committee meeting EUR 1,000
    • Email meeting of the Board or Committee EUR 500

    The Shareholders’ Nomination Board proposes that 25 percent of the annual remuneration of the Board of Directors be paid from the market in Oma Savings Bank Plc’s shares acquired on behalf of the members of the Board of Directors. The shares will be acquired directly on behalf of the members of the Board of Directors at a price formed on the market in public trading when the interim report for the period from 1 January to 31 March 2025 has been published. The Company is responsible for the costs of acquiring the shares and any transfer tax. The rest of the annual fee is paid in cash to cover the taxes arising from the fee.

    In addition, Oma Savings Bank Plc pays or reimburses travel expenses and other expenses related to board work to the members of the Board of Directors.

    The proposals of the Nomination Committee shall be included in the notice of the Annual General Meeting.

    Raimo Härmä (nominated by the South-Karelian Savings Bank Foundation) is the Chairman of the Shareholders’ Nomination Committee of OmaSp, members are Ari Lamminmäki (nominated by the Parkano Savings Bank Foundation), Jouni Niuro (nominated by the Liedon Savings Bank Foundation), Aino Lamminmäki (nominated by the Töysän Savings Bank Foundation), Simo Haarajärvi (nominated by the Kuortane Savings Bank Foundation), and as a specialist acts Jaakko Ossa, the Chairman of the Board of OmaSp.

    Additional information:
    Raimo Härmä, Chairman of the Nomination Committee, tel. +358 44 363 7063
    Minna Sillanpää, CCO, tel. +358 50 66592, minna.sillanpaa@omasp.fi

    DISTRIBUTION
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

    The MIL Network –

  • MIL-OSI: Compagnie de Financement Foncier : Press Release – Results of Compagnie de Financement Foncier in 2024

    Source: GlobeNewswire (MIL-OSI)

    Press release for full and effective distribution

    Paris, January 31, 2025

    Compagnie de Financement Foncier’s financial results in 2024

    On January 31, 2025, Compagnie de Financement Foncier’s Board of Directors, chaired by Éric FILLIAT, met to approve the annual financial statements for 2024.

    ***

    1. COMPAGNIE DE FINANCEMENT FONCIER’S BUSINESS ACTIVITY

    In 2024, despite an unstable geopolitical context and a volatile financial environment, Compagnie de Financement Foncier, in synergy with Groupe BPCE, achieved remarkable commercial and financial performances.

    • Issuance of covered bonds

    A key player in Groupe BPCE’s refinancing strategy, Compagnie de Financement Foncier is a benchmark issuer thanks to its ability to seize the best market opportunities and offer investors solutions that meet their expectations. This agility allows it to provide Groupe BPCE institutions with highly competitive refinancing for their lending businesses.

    In 2024, Compagnie de Financement Foncier issued €5.8bn in covered bonds, €1.3bn more than in 2023.

    • In April 2024, Compagnie de Financement Foncier tapped the primary market for a €2bn dual-tranche issuance. These tranches, of €1.25bn and €750m, were issued with maturities of three and eight years respectively. The high level of oversubscription on this transaction, despite market instability, testifies to its success.
    • In May 2024, an issuance of €1.5bn was carried out with a maturity of six years. The wide range of investors in this transaction confirms the diversity of Compagnie de Financement Foncier’s investor base.
    • In September 2024, Compagnie de Financement Foncier took advantage of a favorable issuance window with a benchmark of €1bn over eight and a half years.
    • In October 2024, as part of Groupe BPCE’s Sustainable Development Funding Program, Compagnie de Financement Foncier carried out its second social issuance (€500m over five years). This transaction strengthens Compagnie de Financement Foncier’s presence in this specialized market and aligns with Groupe BPCE’s objectives to integrate ESG criteria into its refinancing activities.

    In 2024, Compagnie de Financement Foncier’s currency diversification strategy continued with two issuances, one in CHF and the other in USD, with respective counter values of €161m and €139m at the transaction date.

    • Refinancing of Groupe BPCE receivables

    In line with its strategic guidelines, Compagnie de Financement Foncier refinanced a total of €6.3bn in receivables contributed by Groupe BPCE institutions, €1.5bn more than in 2023. Noteworthy among this year’s transactions were the refinancing of state-guaranteed loans (PGE) for Groupe BPCE institutions (€1.4bn) and, for the first time, the refinancing of outstanding export credits (€31.5m).

    These performances, in ever-competitive markets, reflect the commitment and efficiency of all the teams involved. They also confirm the success of the system put in place and the relevance of the diversification strategy developed with Groupe BPCE, which enables Compagnie de Financement Foncier to finance the Group’s various business lines under very competitive conditions.

    II. COMPAGNIE DE FINANCEMENT FONCIER’S INCOME STATEMENT

    In millions of euros (1) 2024 2023
    Net interest margin 165 219
    Net commissions 9 13
    Other banking expenses (net) -2 -2
    Net banking income 172 230
    General operating expenses -56 -68
    Gross operating income 116 162
    Cost of risk 2 3
    Gains or losses on long‑term investments 0 0
    Income before tax 118 165
    Income tax -32 -46
    Net income 86 119

    Net banking income amounted to €172m, down by €58m compared with 2023.

    General operating expenses came to €56m, down on the previous year due to the disappearance of the contribution to the SRF; restated for this item, operating expenses are relatively stable compared with 2023.

    Gross operating income reached €116m.

    The cost of risk in 2024 shows a net reversal of €2m, reflecting the quality of the assets carried on Compagnie de Financement Foncier’s balance sheet.

    Net income was €86m at December 31, 2024, compared with €119m at December 31, 2023.

    III. BALANCE SHEET INFORMATION

    Compagnie de Financement Foncier’s balance sheet total was €61.0bn at the end of 2024, compared with €60.3bn at the end of 2023.

    The assets refinanced by Compagnie de Financement Foncier for the Group’s institutions in 2024 mainly come from the public sector, increasing their proportion on Compagnie de Financement Foncier’s balance sheet.

    At the end of 2024, outstanding covered bonds stood at €51.5bn, including related debts, close to the situation at December 31, 2023 (€51.7bn).

    IV. PRUDENTIAL INFORMATION

    Although exempt from regulatory requirements in terms of solvency ratios, Compagnie de Financement Foncier calculates, for information purposes, a Common Equity Tier One (CET 1) ratio at its limits. At December 31, 2024, this ratio stood at 38,6 %, well above the minimum threshold set out in Regulation 575/2013 (CRR).

    In accordance with the legislation applicable to Sociétés de Crédit Foncier, Compagnie de Financement Foncier maintains a coverage ratio for its privileged liabilities of more than 105%.

    Appendices

    ***

    Unless otherwise stated, the financial data in this press release are currently estimated and taken from the financial statements of Compagnie de Financement Foncier. These include the individual financial statements and related explanatory notes, prepared in accordance with French accounting standards and applicable Groupe BPCE standards.

    As of the date of publication of this press release, the audit procedures carried out by the Statutory Auditors on the annual financial statements are in progress.

    Compagnie de Financement Foncier is a credit institution approved as a specialized credit institution and a Société de Crédit Foncier. It is affiliated with BPCE and a 100% subsidiary of Crédit Foncier and Groupe BPCE.

    Regulated information is available on the website https://foncier.fr/ in the “Financial communication/Regulated information” section.

    Contact: Investor Relations

    Email: ir@foncier.fr
    Tel.: +33 (0) 1 58 73 55 10

                     

    (1)Some rounded amounts given in millions of euros in this press release may differ from those in euros.

    Attachment

    The MIL Network –

  • MIL-OSI Russia: Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    Translartion. Region: Russians Fedetion –

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

    Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    January 31, 2025

    Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    January 31, 2025

    Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    January 31, 2025

    Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    January 31, 2025

    Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    January 31, 2025

    Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    January 31, 2025

    Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    January 31, 2025

    Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    January 31, 2025

    Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    January 31, 2025

    Previous news Next news

    Dmitry Chernyshenko met in Anapa with volunteers involved in the liquidation of the consequences of the emergency on the coast

    Deputy Prime Minister Dmitry Chernyshenko spoke with representatives of the united volunteer headquarters on the shore of Anapa

    The meeting was also attended by the head of the Federal Agency for Youth Affairs (Rosmolodezh) Grigory Gurov and the governor of Krasnodar Krai Veniamin Kondratyev.

    Volunteer headquarters

    Co-chairman of the Ecosystem movement Andrey Rudnev proposed that the Russian Government regulate the work of volunteers and issue a Government order specifying mandatory registration on the platform “Dobro.RF” and through regional headquarters

    The Deputy Prime Minister supported the proposal to distribute recommendations on safety measures for volunteer work and expressed gratitude to all volunteers for their dedicated work, involvement and concern.

    “Volunteering is difficult, sometimes dangerous work. Volunteers are provided with social guarantees, compensation payments and measures to ensure their safety. It is extremely important that all volunteers who want to help eliminate the consequences register on the platform “Dobro.RF”. This will help to organize the work and, above all, ensure your safety,” Dmitry Chernyshenko emphasized.

    The Deputy Prime Minister noted the importance of unity across the country in combating environmental threats and added that the cohesion of government organizations, public institutions and citizens plays a key role in overcoming current challenges. Dmitry Chernyshenko expressed gratitude to the leadership of Krasnodar Krai and Rosmolodezh for their coordinated work.

    Rosmolodezh head Grigory Gurov reported that most volunteers come centrally and join the headquarters “Dobro.RF”. “By starting independent work to clean up oil products, people risk their health and violate safety requirements. Therefore, we urge everyone who has decided to go to help eliminate oil pollution to follow the instructions and guidelines. Join the work of the headquarters

    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 USA: Senator Coons decries President Trump’s freeze on almost all foreign assistance in speech on Senate floor

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons

    WASHINGTON – U.S. Senator Chris Coons (D-Del.), a member of the Senate Appropriations and Foreign Relations Committees, condemned President Donald Trump’s executive order (EO) to pause almost all U.S. foreign assistance in a speech on the Senate floor yesterday, calling it unconstitutional and harmful to U.S. security and values.

    Last week, following the Trump EO, the State Department issued a “stop-work” order that halted all current foreign assistance and paused new projects, with narrow exceptions. This abrupt action created widespread confusion, further complicated by the White House budget office’s decision to send and then rescind a separate memo that had ordered a freeze on all federal grant spending. The actions have left essential aid programs and global partnerships in a state of uncertainty, weakening the United States’ standing around the world.

    In his remarks, Senator Coons emphasized that foreign assistance is not charity, but an investment that strengthens our security and economy. The Trump EO by contrast, harms our allies and friends, and benefits adversaries like China. It has halted payments to contractors rebuilding Ukraine’s electrical infrastructure in the wake of Russian attacks and frozen support that is critical to ensuring Taiwan’s defense. This pause has halted vital pandemic surveillance work that keeps us safe from lethal diseases and rapidly emerging pandemics, at a time when we are seeing new outbreaks of highly transmissible diseases like Ebola in Uganda and Marburg in Tanzania. The pause has impacted critical global health funding, including PEPFAR, which provides HIV treatment for more than 20 million people living with HIV globally. U.S. institutions that monitor global elections like the National Democratic Institute and International Republic Institute are also frozen in the run-up to elections in nations like Moldova and Romania that are expected to be targets of Russian interference. This reckless step harms U.S. credibility and economic stability and creates long-term consequences that weaken our allies and empower our adversaries.

    Senator Coons also underscored that while foreign assistance accounts for less than 1 percent of the federal budget, its strategic significance is crucial.

    A video and partial transcript of Senator Coons’ comments are available below.

    WATCH HERE.

    Senator Coons: Mr. President, I’m speaking today in strong opposition to President Trump’s illegal executive order of last Friday night that pauses all of our foreign assistance and development assistance. Let’s be clear: our development assistance, our foreign aid, isn’t about charity. It’s about security, and it’s about values. We have alliances and partnerships around the world that are undergirded by our soft power – by our partnerships and investment in helping make our world safer, more stable, and more secure. What happened last Friday night, at the end of the workday and there was no one there to answer urgent questions – was a freeze on all foreign assistance, with a very narrow exception for food aid, and it has caused chaos in the global community that delivers aid and assistance around the world. 

    For days, there were questions unanswered. What did this mean in Ukraine, in Lebanon, where there are wars and ceasefires, where critical grant funding and work by contractors helps put the lights back on after Russian attacks on the electrical infrastructure in Ukraine, where ceasefire implementation in Lebanon was ongoing. In parts of the world where we were continuing to bring home to the United States those who served alongside us in Afghanistan, Afghan SIVs waiting for processing, abandoned in Qatar and here in the United States. 

    A halt on drug supplies that helped keep 20 million people living with HIV through the program PEPFAR, long supported by presidents and Congresses of both parties. A freeze on activity to counter fentanyl and narcotics trafficking, to push back on Chinese and Russian disinformation, and to promote democracy. With urgent upcoming elections, the International Republican Institute and the National Democratic Institute are frozen in their activities and forced to lay off or furlough their workforce. Let me thank Secretary Rubio for responding to urgent calls to broaden the aperture for humanitarian waivers for this freeze, but let me also say that with dozens and dozens of the most senior people at USAID put on furlough, implementing this got harder, and with thousands of contractors who work for USAID in countries around the world dismissed or laid off, the consequences will be severe. 

    I’ll just give you one example. I suspect everyone listening has heard of the disease Ebola. I suspect not everyone has heard of the disease Marburg. They are related. They’re highly transmissive and deadly viruses. There is a new outbreak of Ebola in the capital of Uganda. There’s an ongoing outbreak of Marburg in the neighboring country of Tanzania. This freeze pauses the pandemic surveillance work, the urgent public health work, the assistance we provide that makes sure that we are safe from a rapidly emerging and lethal global pandemic that we put in place after the last pandemic. 

    When we halt foreign assistance, it has consequences. It’s just one percent of our total budget. Most Americans think it’s a big percent of our spending, but it’s one percent, actually, less than one percent of the total federal budget. And there’s a winner here, and it’s not the American taxpayer. Freezing programs like this causes chaos and often costs more to restart them after a review. The winner is China. Our biggest global competitor and adversary is delighted that we’ve handed them an opportunity to say to communities and countries around the world that we are not a reliable partner – that despite contracts and promises, commitments, and programs, they now have months to crow about how we have abandoned our partnerships with county after country around the world. China is delighted when we layoff, or furlough, or cut the resources that help fuel the work of our diplomats and our development professionals. And China has seen its opportunity to expand its influence through programs like the Belt and Road Initiative. They’ve spent a trillion dollars on projects across the Global South in the last decade, and our ability to counter Chinese influence, to make strategic investments, has been put gravely at risk by putting on hold the workforce and the contracts that help deliver them. 

    The administration may be claiming that this pause is temporary, but its effects will not be. The lasting impacts on small businesses, on contractors, on NGOs and loss of expertise, loss of their workforce, loss of their credibility I think will be lasting, dangerous, and harmful.

    MIL OSI USA News –

  • MIL-OSI Global: How should Keir Starmer handle Donald Trump – and how’s it going so far?

    Source: The Conversation – UK – By Martin Farr, Senior Lecturer in Contemporary British History, Newcastle University

    The pairing of British prime minister Keir Starmer and US president Donald Trump connotes many imponderables. The only certainty happens to be the most significant: they will be in office together for four years.

    It is rare for a prime minister and a president to have the luxury of knowing – barring extreme unpredictabilities, such as death or incapacity – they have a full term in harness. And personal chemistry matters.

    Trump emphasises (rather too much for the liking of America’s allies) the deal, the handshake, the gaze; the bond that only the lonely, only those who lead, can have. Starmer emphasises level-headedness (although his government has not been particulary conspicuous in evincing it).

    Opposites may well attract, but the precedents for coterminous presidents and prime ministers are not encouraging. John Major and Bill Clinton, elected seven months apart, spent 1992 to 1997 together. But in the very definition of what not to do before an election, London had made its preference for the result of the election in America known – and the other guy won. The Conservative and the Democrat were no more than coolly cordial thereafter.

    On his re-election in 2001, Tony Blair knew he had George W. Bush for at least four years – it turned out to be eight – but the consequences for him were disastrous once the two decided to partake in a war on “terror”.

    In 1964, Harold Wilson and Lyndon Johnson were elected almost simultaneously, and spent 1964 to 1968 together. Though they were Labour and Democrat, and therefore from sister parties, it was not a harmonious pairing. Wilson’s meddling in, but lack of support for, Johnson’s war in Vietnam was a source of unbridled irritation in the White House.

    Trump and May

    The last time Trump became president, Theresa May was prime minister and she travelled with undisguised haste to the White House. There she achieved a highly untypical diplomatic coup in getting Trump to commit publicly to Nato (that bars should be so low was a general feature of the presidency).

    Their subsequent relationship was, however, toxic. No prime minister has been less likely to gaze, to bond (despite pictures of them holding hands), and the president held her as having mangled Brexit, a bid for freedom with which he was keen to associate himself.

    Before the US election, Starmer displayed a unfamiliar deftness of touch, and banked some credit. His immediate phone call to candidate Trump following an attempt on his life in July was both bold and smart. There followed the fabled Trump Tower two-hour chicken dinner.

    It was more typical for Starmer that when it emerged, in a most unfortunate echo of 1992, Labour activists – and Starmer’s own pollster – were working on the Kamala Harris campaign, Trump’s people cried foreign interference and threatened legal action.

    And the two in Starmer’s team who will have the most exposure to the new administration have both been publicly rude about Trump. David Lammy, now foreign secretary, called him “deluded, dishonest, xenophobic [and] narcissistic” in 2019.

    Peter Mandelson, nominated but not yet confirmed as the UK ambassador to the US, has made comments about Trump being a “bully” and a “danger to the world”. To appease opposition in DC on his appointment, Mandelson has since turned on a sixpence (or perhaps a dime).

    This is, at root, about Trump. No other president would have attracted such comments from frontline politicians. But from TV studio to TV studio, Lammy and Mandelson will have those quotes hung about their necks as if they were modern-day ancient mariners. Starmer’s innate caution in public utterance, in this area at least, has inured him.

    Indeed, the repercussions of his unusual boldness in picking Mandelson over a career diplomat may discourage Starmer from ever thinking imaginatively again.

    Most members of the Trump administration would be naturally hostile to a Labour government even without its leading figures insulting their boss or campaigning for his opponent. Certainly, the grounds for disagreement are great: the threat of tariffs, demanded increases in defence spending, the sovereignty of the Chagos Islands, co-operation with China and support for Ukraine.

    Thus Morgan McSweeney – architect of Labour’s 2024 victory, planner of its re-election and Starmer’s chief of staff – flew out to meet Susie Wiles, his equivalent in the White House. (It did not, a person privy to such information told me, go well. Voices were raised.)

    Elon Musk, this moment’s most prominent presidential acolyte inveighed on X, “Starmer must go”, adding for good measure, “He is a national embarrassment.” It is indeed embarrassing – for Starmer – but he will be consoled with the well-founded suspicion that the life-expectancy of Musk and Trump’s tech bromance will be much less than four years.

    Cause for self-reflection

    The return of Trump, emboldened and more powerful than before, has effectively forced the posing of the age-old question: over which expanse of sea should Britain gaze – the Channel or the Atlantic? Churchill thought it should – and that only Britain could – do both.

    Hence, perhaps, Trump’s own public statement about the possible destination of his first international trip: “It could be UK. Traditionally, it’s been UK.”

    It hasn’t. Only Jimmy Carter, in 1977, and Joe Biden, in 2021, visited the UK first – and then because of summits. More than a few presidents (most recently Ford and Johnson) didn’t visit at all.

    But even what might have been a supportive comment was laced with arsenic: “Last time, I went to Saudi Arabia because they agreed to buy 450 billion dollars’ worth of United States merchandise … And if that offer were right, I’d do that again.” Which at least may free the British government to be as unsentimentally transactional.

    Trump and Starmer achieved big victories, albeit when painted in the most flattering terms. Starmer’s came on a historically low combination of vote share and voter turnout, Trump’s with fewer votes than Biden. But Trump will like that Starmer won a large majority. When May managed to lose hers in 2017, what little respect Trump had for her went with it.

    Starmer would much rather have had four years with Biden, and even more with Harris, another public prosecutor of the left. But he has to deal with the transatlantic relationship as it is, rather than as he would wish it to be, and this one is most unlikely to be special.

    Starmer is, moreover, a realist. Which is why he’ll also know that the second Trump presidency will be much more consequential than the first. Caution may have limited effect.

    Martin Farr 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 should Keir Starmer handle Donald Trump – and how’s it going so far? – https://theconversation.com/how-should-keir-starmer-handle-donald-trump-and-hows-it-going-so-far-248697

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: PSPRB response to the 2025-26 England and Wales remit letter and timetable.

    Source: United Kingdom – Executive Government & Departments

    Correspondence from PSPRB Chair to the Minister of State for Justice relating to 2025-26 remit letter and timetable.

    Applies to England and Wales

    Documents

    PSPRB response to 2025-26 England and Wales remit letter

    PDF, 105 KB, 1 page

    This file may not be suitable for users of assistive technology.

    Request an accessible format.
    If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email PSPRB@businessandtrade.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

    Details

    The correspondence sets out the response of the Prison Service Pay Review Body to the 2025-26 remit letter and sets out the timetable for the round.

    Updates to this page

    Published 31 January 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI Africa: Emphasis on leadership, sustainability, youth engagement and digitalisation as International Olympic Committee (IOC) presidential candidates present plans for global sports

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

    LAUSANNE, Switzerland, January 31, 2025/APO Group/ —

    The seven candidates running to become the next President of the International Olympic Committee (IOC) are hoping that with their 15-minute presentations at the Olympic House on Thursday, 30 January, they have been able to convince the IOC membership of their capabilities to lead the biggest sports organisation in the world. 

    Although they were unable to read the room during the in-camera meeting, especially as their audience was barred from asking questions, the candidates appeared satisfied with their campaign pitches. 

    BEHIND CLOSED DOORS There will be no other opportunities for presentations before the election scheduled for 20 March in Greece. Speaking to the media after giving their presentations behind closed doors, some of the candidates believe the current election process requires a review. 

    Prince Feisal Al Hussein of Jordan, who was the first to appear before the press, said: “If I’m President, I think I would have more flexibility in the rules… We are part of a global sports community and the world has the right to know who is running and what they stand for.” 

    Below are excerpts from the candidates’ interaction with the media at the Château de Vidy, the historical building next to Olympic House, where the presentations took place. 

    HRH PRINCE FEISAL AL HUSSEIN  

    PRESENTATION: It was an honor to deliver my speech to my fellow IOC members, where I laid out my vision for the future blueprint of the Olympic Movement centered on consensus leadership. My speech was structured around three strategic imperatives that are in my manifesto; inspiring imagination, ensuring integrity and developing inclusion. 

    EXPERIENCE DEALING WITH HEADS OF STATE, AN ADVANTAGE?: Absolutely, yes. I think I’ve learned from the experience of not just learning how to deal with people, but by consensus. At the end of the day, all leaders are human beings, and the ability to find a common ground upon which you can build an understanding is a key benefit from the experience that I’ve had just being who I am. 

    DEALING WITH THE IOC’S BIGGEST CHALLENGE: One of the things we have to face and we have to deal with literally focuses on the issue of integrity. When you see the global community, the youth in particular have lost their trust in global institutions, and the IOC is a global institution, so we need to regain both the trust and the sense of relevance with the youth of this world. They are our future movement. And I think this is one of the key areas I would focus on as IOC president. 

    CONFIDENCE IN WADA DESPITE WITHDRAWAL OF US FUNDING: It’s not for me to comment on the policies of the United States. We (the IOC) are an institution that helped establish WADA and I think it has been doing a terrific job in dealing with the issue of doping. We’ve seen such a large reduction of doping incidents in the Olympic Games, and I think this means that they have been effective, and we will continue to support that. 

    DEALING WITH BOXING AHEAD OF LA28: I would love to see boxing back on the programme. It is one of the oldest Olympic sports, and I just hope that we can find a global Federation that can take on that responsibility of organising boxing in LA. 

    RUSSIA’S RETURN TO THE OLYMPIC MOVEMENT: There’s nothing I’d like more than to be able to have the whole world at the Olympic Games, I think that’s what our objective is. But I also recognise that there are certain limitations and concerns. Right now, to my understanding, the exclusion of Russian athletes is based on a violation of the Olympic Charter. As President of the IOC, my role and responsibility is to uphold the Olympic Charter. And as long as nobody is in violation, then there is no reason for sanctions. And I would very much like to find a mechanism where we can reintroduce Russia. The world is stronger when we are all together. And I think that is what the Olympic Games does.  

    MR DAVID LAPPARTIENT  

    PRESENTATION: I hope that I have convinced my colleagues that I can be a real leader for the IOC. 

    RUSSIA’S RETURN TO THE OLYMPIC MOVEMENT: Russia shouldn’t be indefinitely suspended by the IOC. This is a country of sport, so our objective would be to have them come back into the fold. However, there are reasons why the IOC suspended the NOC of Russia… So it is obvious then that these subjects should be dealt with before decisions can be taken.  

    THE OLYMPIC GAMES IN AFRICA: The IOC is on the five continents. Sport is universal, and African athletes are exceptional, but Africa has until today, never hosted the Olympic Games, they of course, are going to have the Youth Olympic Games. I suggest that the Olympics should take place in Africa, not fixing a specific date. But the idea is, nonetheless, that during this coming mandate or two mandates, we would like Africa to host the Olympic Games, because Africa deserves the Olympic Games.  

    BIGGEST CHALLENGE: One of the challenges will be the instability of the world. It’s becoming more and more difficult, and sure we’ll have some crises to face in the future. This is why we need to source strong leadership. Climate change is also an issue. We also saw what happened in the winter time in Los Angeles, and it’s also the result of climate change. Another key challenge will be digitalization. The world is completely changing, disrupting. But what I also tried to explain this morning is how we can turn all these challenges into opportunities. We have opportunities to bring the world together. This is what we want. This is our vision. This is the ideal of the Olympic movement. We can also properly address the issue of climate change. This is what Paris has done. We also have the potential Olympic Esports Games, that’s also a way to interact with the younger generation. We can also reach a wider audience with digitalization.  

    MR JOHAN ELIASCH 

    TRACK RECORD: In a world of division and disruption, we need hope more than ever before. I’m standing because I believe that I have a proven track record and experience to deliver. I have successfully run large international corporations, led important commercial and political negotiations across business, sport, media and entertainment, foreign affairs, technology, and a lot of areas. I’ve been very active in climate action, preserving millions of acres of rainforest. In the last four years, I’ve led the transformation of the International Ski and Snowboard Federation. We oversee more than half of the medal events in the Olympic Winter Games. So I think that’s a perfect and perfect trip for the presidency. I know what it takes to lead and drive change. This is not a popularity contest. 

    RUSSIA’S RETURN TO THE OLYMPIC MOVEMENT: The individual, neutral athletes programme works very well. And I think it’s very important, because no athlete can choose where they were born. And the athletes must never be weaponized for political purposes. So I believe in this programme, and that we should make sure that also for Milano-Cortina, this is something that all the winter federations will adopt. 

    WHAT NEEDS TO CHANGE: Of course, we have to put the athletes front and centre. And we need to make sure that they have the best experience before, during, and after the Games. We have a very fast-changing landscape when it comes to digital, and we have to stay ahead of the curve here. We have a responsibility and a very strong voice when it comes to sustainability and this is an area which is very close to my heart, so this will certainly be at the forefront of my agenda. We also need to make sure that we uphold the magic of the Olympic Games. There is a lot of competition from other events and other sports and we need to make sure that we’re the best. 

    ENGAGING SPONSORS: Well, sponsorship is much more than just sticking your name to something. It’s about partnership. And this area is also changing very fast. Activations, people expect more here. We need to make sure that we deliver, that these partnerships are value-added for our sponsors. We have an incredible brand. But in today’s day and age, we also have to make sure that these partnerships are as attractive as possible. 

    BALANCING FUTURE OLYMPICS IN AFRICA, INDIA OR THE MIDDLE EAST WITH SUSTAINABILITY COMMITMENTS: Here, for instance, the proposed rotation scheme of the Winter Olympics is very important. We have infrastructure in place to deliver the events. We need to make sure that we find solutions with the IFs to make sure that the capacity of investment is kept up. So we don’t have to retrace what already exists in places where it’s not going to go. Now, with the Middle East, with Africa, with India, it is essential that we are very strong and committed to no carbon impact on anything that we do. 

    MR JUAN ANTONIO SAMARANCH  

    THE IOC: I understand our organization as two different parts. On one hand, we are an extraordinarily big, large and efficient NGO – we distribute most of the money we generate in our business through the International Federation, National Olympic Committees and the organizing committees to the base of the world’s sports pyramid. So this is an NGO. Second, we need a powerful business machine to generate the necessary revenues to feed the NGO. So I have thrown my hat in the ring because I have significant experience on both sides. I’ve more than 25 years of experience in critical roles throughout the Olympic movement, and I’ve more than 25 years of experience in critical roles with my own company in the finance industry. 

    EMPOWERING IOC MEMBERS We must empower the members and ensure governance led by members and not by a selected few. 

    CHANGES In the 12 years of President Bach, we had to deal with so many complications and so many threats and managed to get the organization to move and evolve at a rapid pace. But that rapid pace of change that we implemented is no way near what is coming. I think we have a very important base, a very solid base, from the past, but the recipes of yesterday will not make it in the future. 

    LEGACY OF HIS FATHER, HELP OR HINDRANCE: My father left office 25 years ago and, as his son, I appreciate his legacy very much. His example is always with me, but the recipes of today have nothing to do with a presidency that ended years ago. Bear in mind, he joined the Olympic Movement more than 60 years ago. 

    PRESENTATION: I felt very good in the room, because I have something interesting to say, something I am passionate about. And I was so happy to have the opportunity to share that with my fellow members. So, it’s for them to decide. But my presentation is clear. I have a very clear programme. My manifesto is very much action-based and it leaves very little room for future surprises. 

    BIDDING PROCESS FOR OLYMPIC GAMES HOSTS: I think that we need to produce not a more traditional, but a better, new model that is more aligned to the current times, that would include a final decision in a significant participation of all IOC members. 

    MEDIA: I told my fellow IOC members this, ‘let’s refocus our relationship with the media. They are not our enemies. They are our allies.’ You (the media) shape the opinion of the world on the Olympic Games. This I intend, if I become IOC President, to maintain and you can hold me accountable for that if I am there. 

    MRS KIRSTY COVENTRY 

    THE OLYMPIC DREAM: My journey started as a nine-year-old girl watching the 92 Barcelona Olympic Games and just setting myself a dream and then finally realizing that dream in Athens getting to stand on the podium and win my first Olympic medal. In Athens, I won three medals and finally in my last event got to win the gold even though Zimbabwe was in a difficult situation. But when I got home to Zimbabwe, it was a time of three or four days of peace, so I really got to see the power of sport. 

    TODAY’S NINE-YEAR-OLD: The nine-year-olds in today’s world are not watching a television screen, they’re holding a phone and that phone is going to be their starting point to connect with us through online streaming platforms, and it’s going to be our chance to engage with them and ensure that we’re inspiring them, and to take it even further, we’re going to be developing and promoting applications that are going to allow them to train anywhere and everywhere in the world. And this is the world that we live in today, and let’s embrace it and walk that road together. 

    SUPPORTING AFRICAN ATHLETES: We need to find more ways of directly impacting and getting revenue to athletes before they become Olympians. That is generally the toughest thing most athletes find. From my own journey it was easy to get sponsorship once I’d won a medal. But getting to that medal was tough. 

    BACKING FROM BACH?: I have known President Bach since I came into the IOC, and I think being a fellow athlete, we share a lot of commonalities, a lot of common ideas and philosophies. But in this race, he’s the President. He has a vote, but he doesn’t vote, he chooses not to vote, and I do very firmly believe that he is being very fair to all candidates.  

    BEING A MOTHER OF A SIX-MONTH OLD AND A CAREER WOMAN: First and foremost, I want to be the best candidate to win, not just because of my gender or from where I come from. And I believe I’ve got a lot of expertise to bring to this role, to leading the organisation. 

    IT TAKES A VILLAGE TO RAISE A CHILD: When I was stepping into my ministerial role seven years ago, I was pregnant with my first baby girl and had to quickly learn how to navigate and be a woman with a career as well as a mom and a wife and everything else. And it can be done. I’m very lucky to come from Africa because culturally we know and we firmly believe that it takes a village to raise a child. 

    PROTECTING WOMEN ATHLETES: As a female athlete, you want to be able to walk onto a level playing field always. It’s our job as the IOC to ensure that we are going to create that environment, and that we are going to not just create a level playing field, but we’re going to create an environment that allows for every athlete to feel safe. Along the road. We’re going to learn lessons, and we’re going to get stronger and we’re going to make better rules and regulations.  

    LORD SEBASTIAN COE 

    PRESENTATION: I enjoyed this morning’s process. I hope I was able to communicate my love for the movement. It’s something that I genuinely feel I’ve been training for for the best part of my life, or at least since the age of 11, when my father bought me my first pair of running shoes. I hope I was able to convey that, but I’m also hoping that I was able to convey the core pillars of my manifesto, my commitments and my pledges. 

    SUSTAINING IOC REVENUE: The world has changed and we do have to change with it – I’ve been in the sports marketing world for 30 years. Primarily we do need to adopt an audience first approach, which is in essence, to give them what they want, when they want it, and where they want it. Above all, for National Olympic Committees of all shapes and sizes, of some of the smaller International Federations, to enjoy that with a barrier-free physical and digital experience. 

    BIGGEST CHALLENGE FOR THE IOC: The biggest challenge faced by the International Olympic Committee is no different, and it is not unique from any National Olympic Committee, any sporting organization, any club, private or public. It is how do you continue to excite and engage with young people, and how do you utilize, optimize fully the use of cutting edge technology? And we talk a lot about technology, we actually run the risk of sounding a little bit analog, because I don’t think there’s anyone in this room that hasn’t recognized that the organizations they work in, they deliver services in, have gone through that digital transformation. But I do think that engaging, exciting and challenging tomorrow’s generation is going to be critical, because it’s that cohort that is ultimately going to be your future sponsors, your future thought leaders, your future governments, your future politicians. And we need to create amongst that group of people a lifelong bond for sport. So even if they don’t remain in sport as coaches, administrators, communicators, we at least have the opportunity for them to assume leadership roles wherever they are, and really fundamentally understand the nature of sport, and it is only that way that we will raise sport to the top of government agendas. Engaging with young people is the key to unlocking so many of the other interdependencies. 

    ELECTION RULES: I’ve been in politics for a long time. I’ve found it a fairly unproductive process to pick a fight with the returning officer in the process. The rules are the same for everybody. I do think we need to review them, and I’m sure that whoever succeeds in March will want to look at that amongst other things too. 

    MR MORINARI WATANABE 

    OLYMPIC GAMES IN FIVE CONTINENTS: I propose to stage the Olympic Games in five cities on five continents at the same time. It would allow the IOC to offer the best possible conditions for each sport, to reduce the financial burden on host cities, to offer greater potential for broadcast and commercial opportunities, sustainability with reduction of travel, and alleviate other hosting problems like governmental restrictions and war.  

    POTENTIAL OF SPORT: Paris 2024 was a historic success, thanks to all the athletes, thanks to the leadership of President Thomas Bach and thanks to the excellent work of the Paris Organizing Committee. However, I believe that we should not be satisfied and that we must build on the success of these Games. Because, in contrast to the spectacular Olympic Games, the situation of the NOCs is far from strong. As FIG President, I have visited 162 countries. I have seen with my own eyes the situation of our sport in each country. As a result I saw the reality. Economically, these countries are not wealthy. In many countries, their relations with the government are not good. The presence of sport in each country is not high enough. I used to be a gymnast myself. That’s why I believe sport has even greater potential. To unleash that potential I propose that the Games be held on all five continents at the same time. 

    WORLD SPORTS ORGANISATION: I also envision upgrading the IOC into a World Sports Organization, like the World Health Organization. If the IOC continues and expands its activities, it would remain independent of politics and uphold the barriers of democracy, transparency, and gender equality. As a World Sports Organization we must contribute to society. We must make a new business for sports. My vision is not focused on only the Olympic Games. We must see a wider view for sports. Sports can contribute to society. I believe the 21st century industrial revolution will be driven by sports and healthcare. So, which organization is best placed to lead this transformation globally? It is the IOC. 

    BICAMERALISM: I am proposing a two-chamber system; a House and a Senate because many IOC members have very good ideas, even non-IOC members. We must take these ideas and listen to these opinions to develop sports. We have to be open. There are many professionals, athletes, royalty, politicians, lawyers, bankers, and many others. If we work together, we can do anything. Let’s open the door to a new era. 

    MIL OSI Africa –

  • MIL-OSI Russia: Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    Translartion. Region: Russians Fedetion –

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

    Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    January 31, 2025

    Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    January 31, 2025

    Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    January 31, 2025

    Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    January 31, 2025

    Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    January 31, 2025

    Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    January 31, 2025

    Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    January 31, 2025

    Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    January 31, 2025

    Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    January 31, 2025

    Previous news Next news

    Dmitry Chernyshenko met with scientists and assessed developments in eliminating the consequences of emergencies in the Black Sea

    During a working visit to Anapa, Deputy Prime Minister Dmitry Chernyshenko met with scientists and assessed innovative developments and technological solutions for eliminating the consequences of an emergency situation (ES) in connection with an oil spill in the Black Sea.

    The Deputy Prime Minister emphasized that, on the instructions of President Vladimir Putin, a government commission headed by Deputy Prime Minister Vitaly Savelyev has been created to coordinate the process of eliminating the consequences of the fuel oil spill. A separate direction on science is led by Minister of Science and Higher Education Valery Falkov.

    “Scientists said an important thing: they do not compete in technology, but complement each other and find symbiosis. Cooperation is extremely important, because President Vladimir Putin instructed us to develop technologies for the future so that we can quickly respond and help others. It is also necessary to solve current issues. Now we are faced with the task of defining clear steps for testing developments and scaling them in real conditions,” said Dmitry Chernyshenko.

    At the experimental site, the Tyumen Industrial University demonstrated a technology for cleaning water areas using magnetically sensitive materials introduced by mobile means, including UAVs. Both ready-made powders and industrial waste are used.

    The Institute of Control Sciences of the Russian Academy of Sciences presented an autonomous robot for monitoring the surface, underwater and in the air. The robot detects objects using AI, conducts additional examination and can be used for environmental monitoring and other purposes.

    Sibur and the Chemistry Department of Lomonosov Moscow State University demonstrated samples of polyurethane foams and fibers to improve fuel oil collection using polymer networks and sorption materials.

    Kuban State University and Bauman Moscow State Technical University presented the results of research on the use of biopreparations and bacteria for the decomposition of fuel oil in the soil. For the additional purification of sands, it is planned to use oxidative methods and biopreparations.

    Tomsk State University presented the “Aeroshup” technology, based on the flotation principle. Air bubbles separate pollutants from the bottom of a reservoir, raising them to the surface for further collection. It is planned to adapt the technology to marine conditions using a remotely operated unmanned underwater vehicle (ROV) for work at depths of up to 100 m.

    Deputy Minister of Science and Higher Education Denis Sekirinsky noted that, on the instructions of the Government, the existing scientific and technical groundwork is being analyzed, and interaction with the operational headquarters is underway. The interdepartmental working group formed in the Ministry from leading scientists, business representatives and interested executive authorities works on a permanent basis, providing the necessary consultations to the Ministry of Emergency Situations, the Ministry of Transport, the Ministry of Natural Resources and the Federal Service for Supervision of Natural Resources.

    “Today we presented key scientific and technical developments that we are beginning to test and apply to solve problems of eliminating the consequences of the accident. This experience will certainly be useful in the future if a similar incident occurs in one or another part of the world,” said Denis Sekirinsky.

    Krasnodar Region Governor Veniamin Kondratyev noted that a working group was created at the regional level, which included leading research centers of the region, Moscow and Sevastopol. In total, there are about 40 scientists, representatives of production and scientific enterprises and associations. Experts have already reviewed 84 proposals for cleaning contaminated sand and recycling petroleum products.

    “Among the solutions that have already been tested is the development of Skoltech scientist Vladimir Kalyaev, who was one of the first to arrive in the region – in Anapa, more than 10 km of protective sand embankments have already been covered with absorbent fabric. In the village of Voskresensky, an industrial installation called “Grokhot” is operating at the temporary accumulation site for oil-contaminated sand, and mechanized seeders are used on the beaches. We need to find a technology as soon as possible that will allow us to clean the soil in the beach area as efficiently as possible,” said Veniamin Kondratyev.

    In addition, Dmitry Chernyshenko held a meeting on the development and implementation of scientific solutions aimed at eliminating the consequences of an emergency situation in connection with an oil spill in the Black Sea.

    It was attended by the Governor of Krasnodar Krai Veniamin Kondratyev, Deputy Minister of Natural Resources and Environment Maxim Korolkov, Deputy Minister of Science and Higher Education Denis Sekirinsky, Vice President of the Russian Academy of Sciences Stepan Kalmykov, heads of scientific organizations and universities.

    The participants discussed the status of the implementation of the Government’s instruction on organizing the work on selecting promising solutions to eliminate the short-term and long-term consequences of oil spills. The heads of scientific organizations also heard reports on technologies for monitoring and forecasting the state of fuel oil pollution.

    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 Russia: Financial news: Federal Treasury deposit auction to take place on 31.01.2025

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    Application selection parameters
    Date of the selection of applications 31.01.2025
    Unique identifier of the application selection 22025036
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 10,000
    Placement period, in days 182
    Date of deposit 31.01.2025
    Refund date 01.08.2025
    Interest rate for placement of funds (fixed or floating) Flotting
    Minimum fixed interest rate for placement of funds, % per annum –
    Basic floating interest rate for placement of funds Ruonmds
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 12:00 to 12:10
    Pre-applications: from 12:00 to 12:05
    Applications in competition mode: from 12:05 to 12:10
    Formation of a consolidated register of applications: from 12:10 to 12:20
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 12:10 to 12:30
    Submission to credit institutions of an offer to conclude a bank deposit agreement: from 12:30 to 13:20
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 12:30 to 13:20
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a RUONIA rate value published on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MEEX.K.M.M.

    MIL OSI Russia News –

  • MIL-OSI USA: Brass: Week Three Under the Gold Dome

    Source: US State of Georgia

    The third week of the 2025 Legislative Session has wrapped up, and we’re staying focused on passing commonsense legislation that puts Georgia families, businesses and communities first.

    Last week’s snowstorm may have delayed budget hearings for a few days, but it didn’t slow us down. The General Assembly has been hard at work in joint sessions, carefully reviewing budget requests to ensure taxpayer dollars are spent wisely. Passing a balanced budget is not only our constitutional duty—it’s the foundation of a responsible government that serves its people.

    One of the most crucial budget proposals this session is Governor Brian P. Kemp’s plan to return $1 billion in surplus funds to taxpayers directly. Thanks to years of conservative budgeting and fiscal responsibility, we can give back to the hardworking Georgians who keep our state running. This is just part of the $2.2 billion in statewide allocations designed to benefit families, businesses, and communities across Georgia. I’m proud to support Gov. Kemp’s efforts to strengthen our economy by putting money back where it belongs – in the pockets of hardworking Georgia taxpayers.

    Another key priority is ensuring communities hit hardest by Hurricane Helene have the necessary resources to rebuild. Gov. Kemp has proposed $614.72 million in recovery funding, including $150 million for the Governor’s Emergency Fund to help with debris removal and housing assistance. Another $300 million will go to the Georgia Department of Transportation to restore roads and infrastructure. Many rural counties are still reeling from this storm, and we’re committed to ensuring they get the support they need to recover and move forward.

    I’m excited to share that March 9th—12th is Multiple Sclerosis Week at the Capitol. This week, however, the Senate was honored to have several representatives from the Multiple Sclerosis Society, including my mother, Linda Brass, in the Senate chamber. Each year, members of the Society join us to recognize this week and bring attention to the medical condition. I commend the advocacy work conducted by the Multiple Sclerosis Society and their funding of $1 billion in research funding.  

    Finally, I encourage students ages 12 to 18 to apply for the Senate Page Program. This is an excellent way for young people to see firsthand how the General Assembly works. If you know a student who might be interested, they can apply here.

    As always, I’m here to listen. If you have any questions, concerns, or ideas about our work at the Capitol, please don’t hesitate to reach out. It’s an honor to serve you, and I appreciate your trust as we work together throughout the remainder of the 2025 legislative session.

    # # # #

    Sen. Matt Brass serves as Chairman of the Senate Committee on Rules. Sen. Brass represents the 6th Senate District, which includes Coweta and Heard, as well as parts of Carroll County. He can be reached by email at matt.brass@senate.ga.gov

    For all media inquiries, please reach out to SenatePressInquiries@senate.ga.gov.

    MIL OSI USA News –

  • MIL-OSI Security: U.S. Attorney’s Office Collects Over $39 Million in Civil and Criminal Actions in Fiscal Year 2024

    Source: Office of United States Attorneys

    SYRACUSE, NEW YORK – United States Attorney Carla B. Freedman announced today that the Northern District of New York’s Asset Recovery Unit collected $39,262,324 in civil, criminal and forfeiture actions in Fiscal Year 2024. Of this amount, $14,085,025 was collected in criminal actions, $15,874,944 was collected in civil actions, and $9,302,354 was collected in asset forfeiture actions. 

    The Northern District of New York also worked with other U.S. Attorney’s Offices and components of the Department of Justice to collect an additional $18,995,733 in cases pursued jointly by these offices. Of this amount, $39,092 was collected in criminal actions and $18,956,641 was collected in civil actions.    

    The U.S. Attorneys’ Offices, along with the Department’s litigating divisions, are responsible for enforcing and collecting civil and criminal debts owed to the United States and criminal debts owed to federal crime victims. The law requires defendants to pay restitution to victims of certain federal crimes who have suffered a physical injury or financial loss. While restitution is paid to the victim, criminal fines and felony assessments are paid to the Department’s Crime Victims Fund, which distributes the funds collected to federal and state victim compensation and victim assistance programs.

    Additionally, forfeited assets deposited into the Department of Justice Assets Forfeiture Fund can be used to restore funds to crime victims and for a variety of law enforcement purposes.  In Fiscal Year 2024, $8,330,553 of the funds forfeited in prior years through criminal and civil judicial forfeiture actions in the Northern District of New York were applied to victim compensation. 

    United States Attorney Carla Freedman stated: “These are great results – every recovery of funds strikes a blow for justice. I created the Asset Recovery Unit shortly after I took office in 2021, and I am incredibly proud of its efforts to make sure that crime does not pay, that crime victims are compensated as much as possible, and that companies pay appropriately steep penalties when they defraud the government.”

    In May, $11.3 million was recovered as part of a civil settlement in United States ex rel. Elevation 33, LLC v. Guidehouse, Inc. and Nan McKay and Associates, for violations of the False Claims Act, for failing to meet cybersecurity requirements in a federally funded contract intended to ensure a secure online environment for low-income New Yorkers to apply for federal rental assistance during the COVID-19 pandemic.  Guidehouse and its subcontractor, Nan McKay and Associates, admitted as part of a settlement agreement that neither satisfied their obligation to complete the required testing of the web site used to house applicants’ information, and the site was shut down within 12 hours after certain applicants’ personally identifiable information had been compromised.

    In February, the Northern District of New York restored $4,950,440 in funds forfeited from Richard J. Sherwood and Thomas K. Lagan, who were sentenced to both federal and state prison for stealing approximately $11.8 million from the estates of three sisters who died.  These funds were initially forfeited by the government through its criminal prosecutions of Sherwood and Lagan, and were restored in 2024 to the victims of the fraud by the Attorney General and the Money Laundering and Asset Recovery Section of the United States Department of Justice.  The victims include churches, Ukrainian-American civic organizations, a local hospital and a local university scholarship fund. 

    In September, the U.S. Attorney’s Office recovered $1 million from Derek R. Schwartz, who was sentenced this summer to 72 months in prison for conspiring with former ValueWise CEO Michael T. Mann to defraud companies that loaned millions of dollars to ValueWise subsidiaries.  These funds will be distributed to two financing companies that were victims of a sophisticated, years-long scheme.

    The Asset Recovery Unit is an initiative that works to deprive criminals of the proceeds of crimes, recovers property that may be used toward restitution, and enforces collection of criminal and civil debts owed to the United States or to victims of federal crimes.  The Asset Recovery Unit is comprised of Assistant United States Attorneys Lisa Fletcher, Elizabeth Conger and Melissa Rothbart, Paralegals Joshua Goodfriend, Marianne Meigs, Carly Clay, Erin Hyatt, Jiselle Cabezas, and Teilor Kaiser Clarey, and Investigative Analyst Jason Babiarz.

    MIL Security OSI –

  • MIL-OSI Security: Pittsburgh Resident Sentenced to 25 Years in Prison for Sex Trafficking of Multiple Women

    Source: Office of United States Attorneys

    PITTSBURGH, Pa. – A resident of Pittsburgh, Pennsylvania, was sentenced in federal court on January 30, 2025, to 25 years in prison for his conviction of sex trafficking, Acting United States Attorney Troy Rivetti announced today.

    United States District Judge J. Nicholas Ranjan imposed the sentence on Eric Jefferson, 41.

    According to information presented to the Court, from in and around June 2019 to in and around April 2022, Jefferson coerced and forced at least four women to perform commercial sex work for his monetary gain. Jefferson provided the women with drugs for meeting clients and would withhold the drugs if the women—who were addicted to narcotics and could become ill with withdrawal symptoms—refused to meet with clients. Jefferson also used violence and threats of violence to coerce and force the women to engage in commercial sex work.

    “Eric Jefferson forced these women to earn money on his behalf, controlling the victims both through physical force and exploiting their dependence upon narcotics,” said Acting United States Attorney Rivetti. “Working with our law enforcement partners, we will aggressively prosecute human traffickers such as Jefferson in order to protect and rescue the most vulnerable victims in our district.”

    “Protecting the most vulnerable members of our community will always be among the highest priorities for the FBI,” said FBI Pittsburgh Special Agent in Charge Kevin Rojek. “The message this sentencing sends is clear: the FBI and our partners will aggressively pursue criminals who think they can prey on others.”

    Prior to imposing sentence, Judge Ranjan heard from the victims of the charged crimes and stressed the heinousness of Jefferson’s conduct and its devastating impacts upon the victims.

    Assistant United States Attorney DeMarr Moulton prosecuted this case on behalf of the government.

    Acting United States Attorney Rivetti commended the Federal Bureau of Investigation and Pittsburgh Bureau of Police for the investigation leading to the successful prosecution of Jefferson.

    This prosecution is part of Operation T.E.N. (Trafficking Ends Now), an umbrella coalition for law enforcement, community, and non-profit partners in the 25 counties in the Western District of Pennsylvania. This coordinated effort aims to end human trafficking through education and improved cooperation across agencies and service providers, thereby enhancing the office’s ability to empower victims of human trafficking to become thriving survivors.

    MIL Security OSI –

  • MIL-OSI United Kingdom: What has Brexit meant for the people of Scotland?

    Source: Scottish National Party

    With five years having passed since Scotland was dragged out of the EU as part of the UK, what has Brexit meant for people in Scotland?

    Brexit means…your weekly shop costs more than ever.

    Brexit means our NHS is missing out on thousands of doctors and nurses from the EU.

    Brexit means waiting in longer queues to travel abroad, and it has become much more difficult for anyone in Scotland to live or work in the EU – with touring musicians calling it a ‘catastrophe’.

    Scotland voted to stay in the EU.

    Scotland didn’t vote for Brexit.

    But the UK Government decided Scotland must Brexit.

    Brexit means there’s less public money, due to businesses losing revenue.

    Brexit means businesses who relied on buying goods from the EU, or selling to the EU, are having a really tough time of it.

    Thousands of businesses have had to close.

    Some politicians told us to  “vote No to stay in the EU” back in 2014. Bet they wish they could scrub those clips from the internet.

    Brexit means Scotland’s economy has lost out on billions of pounds due to trade barriers, with analysis showing exports have dropped by over 7%.

    Brexit means Nigel Farage is no longer the European Parliament’s problem. He’s now the UK’s problem.

    As he’s now the bookies’ favourite to be the next Prime Minister, he could soon be Scotland’s problem too.

    And Scotland didn’t vote for any of this.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Thinking of setting up a CIC? Take a look at our recent webinar

    Source: United Kingdom – Executive Government & Departments

    “From idea to Impact: Your Guide to setting up a CIC”. Take a look at our most recent joint webinar with the Business Support Service

    Picture advertising a webinar

    Take a look at our most recent joint webinar with the Business Support Service where they provide an insight to the free advice and guidance they can offer to you throughout your business journey; alongside a detailed explanation of how the CIC model operates and some great tips on how to complete a successful CIC application.

    “From idea to Impact: Your Guide to setting up a CIC”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Dedicated team to serve businesses amongst DWP overhaul of employer support to Get Britain Working

    Source: United Kingdom – Executive Government & Departments

    Ministers are encouraging UK businesses to work with Jobcentres to fill the thousands of jobs currently vacant as the UK goes for growth, the Work and Pensions Secretary Liz Kendall set out today (30 January).

    • Following the Chancellor’s growth speech yesterday, Work and Pensions Secretary Liz Kendall visited fast growing UK retailer B&M – who successfully filled almost 3,000 vacancies using local jobcentres in 2024. 
    • The Work and Pensions Secretary has today set out overhaul the DWP’s approach to supporting employers to Get Britain Working again as part of Plan for Change.
    • Comes as just one in six businesses has ever used a Jobcentre to recruit with the latest data showing tens of thousands of vacancies in key sectors. 
    • New DWP team have built partnerships with 37 new industry leaders in just a few week as department transforms Jobcentres.

    It comes as the Work & Pensions Secretary visits B&M – a retailer that has had huge success using the Jobcentre network. As a fast growing UK retailer, B&M has filled almost 3,000 vacancies through the jobcentre network, with over 85% of new recruits coming directly through the DWP – benefiting jobseekers and the businesses’ growth. 

    The DWP has hit the ground running to reset engagement with employers through new teams to support employers, with dedicated account managers and a focus on growing the number of Jobcentre training programmes tailored to employer’s needs.

    As B&M has opened new stores across the country, it has teamed up with the local DWP team to run information sessions – offering interested candidates a guaranteed interview. 

    Over 73,000 jobs have been added to the labour market since the start of this Parliament according to the ONS, with new announcements in the Chancellor’s speech yesterday expected to add thousands more roles to the UK jobs market – including over 100,000 jobs in the local area around Heathrow. 

    However, new figures show only 1 in 6 employers surveyed reported using the JobCentre Plus network to hire for their business – highlighting the need for genuine reform. 

    That’s why as part of the Get Britain Working plan, the government will reform jobcentres by bringing it together with the National Careers Service to ensure people have better access to training and address local skills gaps and help train the workforce businesses need.

    The reforms to get Britain working and modernise the employment support offer are just one part of the Government’s Plan for Change, which will lay strong foundations to kickstart economic growth and break down barriers to opportunity across the country. 

    Work and Pensions Secretary Liz Kendall said: 

    To get Britain growing again, we need to get Britain working again.  

    As the HR department for the Government’s growth mission, our job is to work with businesses to meet their recruitment needs.

    To help employers grow, hire new staff, and boost opportunity in every corner of the country, we are determined to change our approach

    As part of reforming Jobcentres we will overhaul our service to better meet employer’s needs – turning the DWP into a genuine public employment service. So businesses can fill jobs and people can build a better life for themselves and their families.

    A B&M spokesperson said:

    There is a wealth of talent and experience in Jobcentres across the UK. We encourage other businesses to get in touch with their local Jobcentre and discover the talent that’s available in their community.

    The new dedicated team set up to support businesses of all sizes across the country with their recruitment needs has already added 37 new employers to the department’s roster in recent weeks, with notable names including Home Bargains, KFC and Swissport. 

    In a letter to CEOs from 10 of the UK’s top businesses, DWP ministers said that at a time when recruitment can be a major cost, the DWP “provides a service to help businesses grow and support people into work.

    To help other businesses replicate B&M’s success, the department is transforming its service for employers by:

    1. Hosting summits with employers and stakeholder representatives across sectors crucial to growth – including construction, social care and clean energy in the next three months. 
    2. Boosting the number of training programmes in these sectors on offer at Jobcentres to upskill jobseekers and provide employers with the work ready staff they need.   
    3. Serving employers through a dedicated team with highly experienced experts to provide recruitment support, including designing tailored campaigns to tackle large numbers of vacancies. 
    4. Providing an account manager for employers to get more information about how the JCP can help them and provide recruitment support – following feedback from businesses that they wanted an establish a single contact. 
    5. Commissioning Sir Charlie Mayfield to lead an independent review into the role of employers in reducing health-related inactivity and promoting healthy and inclusive workplaces – which is already underway.

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Ricketts Announces Subcommittee Assignments for the 119th Congress

    US Senate News:

    Source: United States Senator Pete Ricketts (Nebraska)

    January 31, 2025

    WASHINGTON, D.C. – Today, U.S. Senator Pete Ricketts (R-NE) announced his subcommittee assignments for the 119th Congress.

    “President Trump’s re-election provides a historic opportunity to get our country back on track,” said Ricketts. “On these subcommittees, I’ll work to unleash American energy, extend the Trump tax cuts, and restore American strength on the world stage.”

    Banking, Housing, and Urban Affairs Committee

    • Member, Subcommittee on Economic Policy
    • Member, Subcommittee on Financial Institutions and Consumer Protection
    • Member, Subcommittee on National Security and International Trade and Finance

    Environment and Public Works Committee

    • Chairman, Subcommittee on Fisheries, Wildlife, and Water
    • Member, Subcommittee on Transportation and Infrastructure
    • Member, Subcommittee on Clean Air, Climate, and Nuclear Innovation and Safety

    Foreign Affairs Committee

    • Chairman, Subcommittee on East Asia, the Pacific and International Cybersecurity Policy
    • Member, Subcommittee on Europe and Regional Security Cooperation
    • Member, Subcommittee on State Department and USAID Management, International Operations and Bilateral International Development

    BACKGROUND

    U.S. Senate Committee on Banking, Housing, and Urban Affairs is responsible for matters related to banks and banking, price controls, deposit insurance, foreign trade promotion, export promotion and controls, and federal monetary policy. It has jurisdiction over financial exchanges, markets, and derivates, financial aid to commerce and industry, issuance of redemption of notes, and currency and coinage issues. Additionally, the Committee is responsible for public and private housing, urban development, mass transit, and government contracts. This includes oversight of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the U.S. Department of Housing and Urban Development (HUD), the Export-Import Bank, and the Federal Housing Administration.

    U.S. Senate Committee on Environment and Public Works is responsible for legislation and oversight of the natural and built environment and for studying matters concerning environmental protection and resource conservation and utilization. This includes oversight of the Environmental Protection Agency (EPA), the U.S. Army Corps of Engineers, and the U.S. Fish and Wildlife Service.

    U.S. Senate Committee on Foreign Relations is instrumental in developing, influencing, and overseeing U.S. foreign policy. The Committee considers, debates, and reports important treaties and legislation involving everything from foreign aid to arms sales to international organizations like the United Nations. It overseas the U.S. State Department and holds jurisdiction over all diplomatic nominations, including the U.S. Secretary of State. Ricketts will be the second highest ranking Republican on the Committee.

    MIL OSI USA News –

  • MIL-OSI USA: New Hampshire Congressional Delegation, Community Organizations and Granite Staters Speak Out About Devastating Impact of Trump’s Cut to Federal Grants and Loans

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH), a senior member of the U.S. Senate Appropriations Committee, U.S. Senator Maggie Hassan (D-NH), as well as U.S. Representatives Chris Pappas (NH-01) and Maggie Goodlander (NH-02), joined Manchester School District Superintendent Jennifer Chmiel, Strafford County Community Action Partnership CEO Betsey Andrews Parker, Amoskeag Health CEO Kris McCracken, Professional Firefighters of NH and other New Hampshire organizations for a virtual event to outline the ways that President Trump’s halt of nearly all federal grants and loans is impacting New Hampshire families and communities. 
    You can watch the full press conference here.
    “We’ve got millions of people across the country, and thousands in New Hampshire, who have no idea if they’re going to be able to get the services that they’re depending on because the White House has been so confused about what they’ve done and they haven’t been able to issue any clear answers,” said Senator Shaheen. “We need to see the President repeal these executive orders because what he has done is not going to help people lower their food prices, pay their rents, get the child care that they need or the health care that they need for their families.”
    “President Trump’s illegal cut of federal funds includes grants for police officers, firefighters, our efforts to crackdown on fentanyl, special education programs, small business loans, community health centers, homeless shelters for veterans…virtually every aspect of American life. The White House keeps sowing chaos and confusion about the status of this funding. But make no mistake. People’s safety, their jobs, their health, our fire and police departments…shouldn’t hang in the balance subject to the confused wordings and impulsive whims of the next tweet or memo,” said Senator Maggie Hassan.
    “The actions taken by the Trump Administration to freeze federal funds will have a devastating impact on communities across New Hampshire and will significantly hurt our state’s ability to address housing concerns, fight addiction, preserve public safety, and make sure that Granite Staters have what they need. These federal funds are more than just lines on a spreadsheet in Washington D.C. This is about people here in New Hampshire and the ability of our communities to come together to help those in need and build a stronger future for us all. This fight is not over, and my message to Granite Staters is that we will do all that we can to protect these resources and ensure that our communities remain healthy, strong, and safe,” said Congressman Pappas.
    “This week I’ve traveled across the Second District — from the North Country to Nashua and from Keene to Concord. I’ve talked to our workers, teachers, police officers, firefighters, health care providers, small businesses, mayors, and town managers. The through line of every conversation has been an intense concern about the wide-ranging and devastating impacts that losing the federal funding promised to New Hampshire will have on our way of life,” said Representative Maggie Goodlander. “Real people right here in New Hampshire are paying the price for President Trump’s lawless, chaotic efforts to cut off federal funding. That is unacceptable. I will never stop fighting with every possible tool to deliver for New Hampshire.”
    “Our priorities have not changed.  We will continue to provide services to our clients and support our team until we are directed otherwise.  We will adapt to the changing landscape so clients that depend on our agency for services such as childcare, fuel assistance, transportation, and food can continue to access these resources. We greatly appreciate the support of the New Hampshire delegation during this challenging time.” said Betsey Andrews Parker, CEO Community Action Partnership of Strafford County.
    “The Portsmouth Police Department depends on federal grants to fund programs impacting local, seacoast, and statewide communities. Locally, federal grant funds are utilized for bulletproof vests for officers and enforcement patrols on our roadways, which include speed, distracted driving, DUI, and pedestrian/bike enforcement. With the help of federal dollars, we offer victim witness advocate services, staff training, and law enforcement equipment such as body-worn cameras and investigative equipment… the loss of these funds would reduce staff, significantly impact investigations into internet-based sexual crimes against children that have skyrocketed and continue to climb, and impact services for victims of crime, roadway safety, and the safety of our officers,” said Mark Newport, Chief of Police, Portsmouth Police Department in a letter.
    “Uncertainty makes development difficult. While we work in a field rife with uncertainty, we know we can rely on our funding sources to be steady, when we have the funding we can move forward. It upsets our ability to commit to community projects when we cannot know whether or not the funding we have been awarded to build housing will actually be available to us when the time comes to call on those funds. In a relatively high-risk development environment, in a critical need area for our communities, we need the federal funds to be stable. Being left without promised funds on a project could easily mean the financial collapse of the project, a loss of years worth of time and effort. Depending on the projects size, it could have a major impact on our ability to operate,” said Harrison Kanzler, Executive Director, AHEAD Inc.
    “As NH’s only center for independent living, serving thousands of individuals living with a disability, the consequences of EO-M-25-13, would have caused thousands of Granite Staters living with a disability to be left without critical services.  These services are in place to provide and assist with daily needs, including transportation, personal care, education, and workforce training.  The very services provided by GSIL and funded by federal grants, such as benefits counseling, workforce readiness, and transition services are an integral part in the promotion of living independently,” said Deborah Ritcey, MPA/HA, President & Chief Executive Officer, Granite State Independent Living (GSIL).
    “As a private non-profit community development corporation that is focused on providing affordable housing for granite staters, we have worked with numerous federal programs over the past thirty years, and the one thing we need to keep doing our work is consistency and reliability.  So when we are faced with distractions that cause chaos and confusion throughout our sector, it makes the difficult work of building affordable housing even that much more challenging,” said Robert Tourigny, Executive Director, NeighborWorks Southern New Hampshire.
    “While we were relieved that the Administration intended to exclude rental assistance from the spending freeze, funding that we rely on to provide self-sufficiency services to working families, build new affordable housing, and reduce our energy costs were all targeted. On behalf of the nearly 930 senior, disabled and working families we serve, we are grateful to all of the individuals, organizations and elected officials across the country for their advocacy,” said Joshua Meehan, Executive Director, Keene Housing.
    “Federal funding is a lifeline for Community Health Centers, which deliver comprehensive primary care, mental and behavioral health, dental, and other essential primary care services to over 330,000 patients across New Hampshire and Vermont. With the uncertainty around the status of health centers’ federal grant funding, we are extremely concerned about the ability of their patients to access the services they need,” said Tess Kuenning, President & CEO of Bi-State Primary Care Association.
    “Ammonoosuc Community Health Services is a federally qualified health center that integrated primary preventive services in the rural White Mountains of Northern New Hampshire to nearly 10,000 patients a year, across five strategically located care delivery sites. In fact, we serve 1 out of every 3 residents within our service area.  Our patients receive care that is nationally recognized.  Our outcomes for patient with depression or diabetes exceeds national healthy people goals since 2009, top two FQHC for colorectal cancer screening (2018), top 16 FQHC in overall cancer screening (2023).  All accomplished in a financially responsible manner where our annual financial audit has always been free of any concerns and 95% of our patients recommend us to friends, family and neighbors who need care. All in all we govern ACHS in a responsible and predictable manner.  As an FQHC we provide services to everyone, regardless of social and economic status. The President’s unprecedented and unannounced freeze on nearly all federal funding meant an immediate freeze on nearly $180,000 in monthly drawdown payments and catapulted my staff into 24 hours of uncertainty and chaos while we tried to get clarification from the administration. Clarification that never came. This type of governing is categorically not a responsible way to govern, has real world impacts, and wasteful in diverting critical resources away from our core mission of providing outstanding health care services to those in our community who need it most. As the CEO and steward of ACHS, The People’s Health Center, I take responsible governance seriously and I expect those elected by the people to take their responsibility seriously as well,” said Ed Shanshala, CEO, ACHS.
    On Wednesday night, Shaheen spoke on the Senate floor to condemn the Trump administration’s order to take away federal grants and loans that families, seniors and small businesses in all 50 states rely on for critical, often life-saving services. Shaheen illustrated the chaos caused by the extreme order by sharing the stories of many Granite Staters she has heard from in the past two days.
    On Monday, the Trump administration’s Office of Management and Budget (OMB) announced a sweeping executive order pausing almost all forms of federal assistance to states, nonprofits, non-governmental organizations and more. Senator Shaheen immediately condemned the move and emphasized the impact it will have on communities. The full list that agencies were directed to review encompasses over 2,600 assistance programs, including Supplemental Nutrition Assistance (SNAP), Women, Infants and Children (WIC), community health centers, the Community Development Block Grant (CDBG), transportation and highway funding, energy assistance programs, water infrastructure funding, State Opioid Targeted Response grants, GI Bill, veteran compensation for service connected disabilities, Section 8 housing vouchers, school breakfast and lunch, Title I education grants, Temporary Assistance for Needy Families (TANF) and Head Start.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Government going further and faster to bring growth to Wales

    Source: United Kingdom – Executive Government & Departments

    The Chancellor has committed to going further and faster to put more money in working people’s pockets across Wales.

    HM Treasury

    Working people and businesses across Wales are to benefit from reforms to drive investment and get Britain building. The Chancellor has committed to going further and faster to put more money in working people’s pockets across Wales and deliver on the UK Government’s Plan for Change. 

    Below sets out specific benefits for Wales as a result of the Chancellor’s decisions today (29 January).

    Wrexham and Flintshire Investment Zone 

    • Having confirmed funding for the Investment Zones programme at Autumn Budget, the government can now confirm that the Wrexham and Flintshire Investment Zone (IZ) will focus on advanced manufacturing.
    • There are major international businesses in the region including JCB and Airbus, which the IZ will support, as well as the wider advanced manufacturing supply chain in the region. At present the IZ is expected to generate £1bn of private investment, creating up to 6000 new high quality jobs.
    • The IZ’s interventions will be focused around sites in: 
      • Deeside and Deeside industrial estate which houses Tata Steel and Toyota; 
      • Hawarden Airport, where Airbus are based; 
      • Llay Industrial Estate – which houses a number of key aerospace businesses; and 
      • Wrexham Industrial Estate – which houses a wide range of advanced manufacturing business, including JCB. 

    Sustainable Aviation Fuel

    • The UK government is investing £63m into the Advanced Fuels Fund in 2025-26 and has today set out the details of how it will deliver a Revenue Certainty Mechanism to encourage investment into this growing industry. These measures will encourage more investors to back production in the UK, bringing good, high-skilled jobs to areas like South Wales.

    Inactivity Trailblazers

    • Getting more people back into work is crucial if we want a dynamic economy, and it is good for jobless people too. Over nine million people are inactive, of which a record 2.8 million people are out of work due to long-term sickness. The outdated employment support system is ill equipped to respond to this growing challenge.
    • We have committed £240m of investment towards 16 trailblazers including one for every MCA and one in Wales to tackle the root causes of inactivity, eight of which will be used to support the Youth Guarantee, the remaining eight will be focused on tackling health-related inactivity.
    • The Inactivity trailblazers will be delivered across Wales.

    National Wealth Fund Support

    • The government remains committed to working in close partnership with the Welsh Government through the National Wealth Fund to maximise investment opportunities to deliver growth in all corners of the UK.

    Welsh Secretary Jo Stevens said:

    I’m delighted that we are moving forward with the Investment Zone for Wrexham and Flintshire with £160 million from the UK Government to drive economic growth in advanced manufacturing.

    In December I met leaders from the advanced manufacturing sector at Toyota in Deeside and visited two hugely successful supply chain businesses. I saw the huge potential for growth and for building on the talent and expertise that already exists in this part of Wales.

    This Investment Zone will super-charge economic growth, create up to 6000 new jobs and generate £1bn of private investment which will have a transformational impact for people living and working in northeast Wales.

    The Chancellor is also reviewing the Treasury’s investment guidance in the Green Book to ensure it is being used to provide objective, transparent advice on public investment across the country, reporting at Phase 2 of the Spending Review.

    Pushing forwards with strategic infrastructure and investment across all four corners of the UK is key to delivering the UK Government’s Growth Mission. Bringing the productivity of major cities to the national average would deliver an extra £33bn in economic output, and measures set out today extend beyond this to kickstart a decade of national renewal.

    This is just the start, and further regional growth announcements will follow through the year. The government is hardwiring plans for regional growth into the Spending Review, and into plans for infrastructure, investment and the industrial strategy. The UK Government is also working with the Welsh Government to ensure the benefits of growth can be felt across Wales, including by partnering on the Industrial Strategy to support Wales’s considerable sectoral strengths.

    Tim Knowles, Founder and Managing Director of FI Real Estate Management, said: 

    As an investor in Wrexham for almost 20 years, we’re delighted to see the announcement that Wrexham and Flintshire will receive Advanced Manufacturing Investment Zone status, with three of our schemes on Wrexham Industrial Estate – Wrexham 1M, Wrexham 152, and Bridgeway Centre – forming part of the designated zone.

    Across these sites, we’ll be investing £115m to create new, high-quality industrial accommodation, supporting the creation of over 1,000 new jobs and delivering an estimated economic value of £1.2bn in Wrexham over the next 10 years.

    This is a significant milestone for North Wales, and we look forward to working in partnership with stakeholders to leverage this opportunity for strategic investment in the area, helping to supercharge the region’s advanced manufacturing sector.

    In collaboration with local authorities and wider stakeholders, we need to ensure that we capitalise on all the opportunities this moment brings. We’ve long recognised the potential for North Wales to become a thriving hub for innovation, and we’re excited that our developments can play an important part in this next chapter.

    Mark Turner, JCB’s Chief Operating Officer said:

    JCB has been a prominent feature of the industrial and economic landscape in Wrexham and Flintshire for over 45 years. Innovation is the lifeblood of our business and we welcome the creation of an Investment Zone in North Wales and hope that it will attract many other businesses to the area. As an advanced manufacturer of precision engineering components, JCB Transmissions looks forward to other advanced manufacturing businesses coming to the area. This could go a long way towards building the supply chain resilience of existing manufacturing businesses in the area, such as JCB.

    We place a lot of values on skills in our business and we look forward to the Investment Zone positively supporting skills development in the future. JCB continues to invest in our business in Wrexham and today’s IZ announcement bodes well for the economic development of the area in the future.

    Updates to this page

    Published 31 January 2025

    MIL OSI United Kingdom –