Category: Politics

  • MIL-OSI Europe: The Agreement between China and the Holy See has been renewed for four years. This is good news

    Source: Agenzia Fides – MIL OSI

    Tuesday, 22 October 2024

    by Gianni ValenteRome (Agenzia Fides) – The Holy See and the People’s Republic of China have announced today the decision to extend the validity of the Provisional Agreement on the appointment of bishops in China for four years, signed for the first time on 22 September 2018 and already renewed in October 2020 and October 2022.In its formal brevity, the statement on the extension of the Agreement released by the Vatican Press Office contains details that are useful to understand the phase that the dialogue between the Holy See and the People’s Republic of China has gone through, and the very horizon in which it is moving.The validity of the Holy See -China Agreement is extended not for the usual two years, but for “further four years”, “given the consensus reached for a fruitful application of the Provisional Agreement”. This shows that the dialogue between the Holy See and the Chinese authorities – after a slow start and a “running-in” phase – continues as a gradual process, which step by step sees its horizons widen and new opportunities emerge to verify the growth of sincerity, loyalty and mutual trust in the relations between the two parties.The path of dialogue, through the instrument of the Agreement, has contributed to favouring concrete changes that affect the life of the Chinese communities. It is always worth remembering that today all the Catholic bishops of the People’s Republic of China are in full and public hierarchical communion with the Bishop of Rome. At the same time, illegitimate episcopal ordinations, that is, those celebrated without papal consent, no longer take place in China: events that for decades, from the end of the 1950s until 2011, had wounded ecclesial communion and opened up rifts among Chinese Catholics. In the past six years, amidst impasses and difficulties (including those related to the time of the pandemic), nine new Catholic episcopal ordinations have been celebrated in mainland China, while eight so-called “unofficial” bishops, consecrated in the past outside the procedures imposed by the Chinese apparatus, have been publicly recognized in their episcopal function even by the political authorities in Beijing at their request (one of them, the elderly Peter Lin Jiashan, bishop of Fuzhou, who died later in April 2023).In parallel with the conclusion of the Agreement and its implementation, dialogue between the parties on the life of the Chinese Church in general is systematically continuing. In recent years, for example, efforts have been made to initiate processes of reconciliation within ecclesial communities that have been divided for decades, with a view to greater normality in the life of Catholics. Certainly, having a pastor recognized by both parties helps greatly in this path of reconciliation. Even though the situation remains complicated, elsewhere this process is helping to restore stability after many years of uncertainty and division.Two bishops from the People’s Republic of China are also present at the General Assembly of the Synod of Bishops taking place this year in the Vatican: Vincent Zhan Silu (Bishop of Funing/Mindong) and Joseph Yang Yongqiang, Bishop of Hangzhou. “The Church in China is the same as the Catholic Church in other countries of the world: we belong to the same faith, we share the same baptism and we are all faithful to the one, holy, catholic and apostolic Church,” declared Bishop Joseph Yang Yongqiang in his address in the Synod Hall. The bishops of the People’s Republic of China had participated in the synodal assemblies only in 2018 and then in 2023. “We have experienced a miracle. “We are here to give thanks, we have waited so many years for this moment and it has finally arrived,” said Bishop Joseph Guo Jincai in October 2018, on the occasion of his participation in the Synod on Youth. Previously, no bishop from mainland China had been able to participate in the Second Vatican Council or in the subsequent General Assemblies of the Synod of Bishops.In recent seasons, moments of greater tension and difficulty have been overcome, and others have given signs of renewed cooperation. On May 21, for example, several Chinese ecclesiastics and academics participated, together with Cardinals Pietro Parolin and Luis Antonio Tagle, in the Congress on the centenary of the first Concilium Sinense (1924/2024), organized in Rome by the Pontifical Urbaniana University in collaboration with the Dicastery for Evangelization and Fides Agency.In the statement released today, the Holy See reiterates its intention to “continue the respectful and constructive dialogue” with the authorities in Beijing “in view of the further development of bilateral relations for the benefit of the Catholic Church in China and the Chinese people as a whole.” With simple and clear words, it once again recalls the main concern that drives and guides the choices of the Apostolic See in the dialogue with the Chinese Authorities. The main intention that guides the Holy See in its dialogue with the People’s Republic of China is not the desire to reaffirm “political primacy” over an ecclesial community that for decades has guarded the gift of faith, crossing impenetrable paths and times of trial, even bloody ones. The criterion, also in relations with civil authorities, is to make the appropriate decisions so that the journey of the ecclesial community in history continues to proceed in the wake of the Catholic tradition, facing the difficulties and real points of suffering.The ordinary chronicles of the ecclesial life of the Chinese Catholic communities, recounted and described also by Fides Agency, attest that, moving necessarily within the political and legislative framework of their country, the Catholic communities succeed in putting into practice the breadth of their mission, in its essential aspects: liturgy, prayer, administration of the sacraments, catechesis and proclamation and participation in the Gospel, works of charity and formation initiatives for young people and adults. Adapting to the context, the Church always finds ways to live and bear witness to her faith in China.The works and gestures of salvation and healing can find forms of legitimation also in the political and social context of the current People’s Republic of China. In this determined commitment, hope rests simply on the harmony, on the “genetic” affinity between the work of the Apostolic See and the sensus fidei of the People of God in China. “The journey of the Church throughout history has passed and continues to pass through unforeseen paths, even through times of patience and trial. The Lord, in China, has maintained the faith of the People of God along the way” (Pope Francis, Video message to the Conference on the Concilium Sinense. Rome, Pontifical Urbaniana University, May 21, 2024).(Agenzia Fides, 22/10/2024)
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  • MIL-OSI Europe: AFRICA/CAMEROON – President Biya returns home after 7 weeks of absence, putting an end to speculation about his health

    Source: Agenzia Fides – MIL OSI

    Tuesday, 22 October 2024

    Yaoundé (Agenzia Fides) – The rumors about the health of the Cameroonian President, 91-year-old Paul Biya, seem to have been denied yesterday, October 21, when the Head of State returned to his country after a seven-week stay in Geneva. Thousands of supporters welcomed him at the airport and along the road to the presidential palace. Although Biya made no statements, state television showed images of his arrival at the airport as he greeted the dignitaries who had come to receive him at the foot of the gangway, with his wife Chantal by his side. Cheering people dressed in clothes bearing the President’s portrait greeted the Head of State upon his arrival at the airport with songs accompanied by drums. Biya had not appeared in public since the beginning of September, fueling rumors about his health, so much so that the government had banned the dissemination of news about it. The Collective of Former Students of the Catholic Seminaries of Cameroon (CASEMCA) invited people to an interreligious prayer for the President’s health (see Fides, 16/10/2024). (L.M.) (Agenzia Fides, 22/10/2024)
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  • MIL-OSI Europe: AFRICA/MOZAMBIQUE – Clashes after the murder of two opposition figures

    Source: Agenzia Fides – MIL OSI

    Maputo (Agenzia Fides) – “We call on all those involved to exercise restraint while the competent authorities carry out their investigations,” said Samia Suluhu Hassan, President of Tanzania and Chair of the Political, Defense and Security Cooperation Committee of the Southern African Development Community (SADC), following the violent clashes that took place yesterday, October 21, in Maputo, the capital of Mozambique.Following the murder of two representatives of the Podemos party, Elvino Dias and Paulo Guambe, clashes broke out between demonstrators and the police. The two politicians were shot dead in an ambush in the center of Maputo by several men in their car. Elvino Dias was a lawyer hired by Podemos leader Venancio Mondlane to file a complaint with the Constitutional Court for alleged electoral fraud in the presidential election held on October 9 (see Fides, 9/10/2024). The final election results are due to be announced this week, but projections of the election have already been published, according to which the FRELIMO party, in power since independence in 1975, is in the lead with 65% of the vote (and 162 deputies) and its candidate Daniel Chapo has won the presidential race. The big surprise was the second place of Podemos, which obtained 43 deputies in the unicameral parliament, relegating the historic opposition party Renamo to third place, which obtained only 23 deputies (in the previous legislature it had 69).SADC, meanwhile, notes in the statement by Samia Suluhu Hassan that “the elections were peaceful”. She calls on the Tanzanian authorities to “take all necessary measures to investigate the killing of the two Podemos members”. In addition to Maputo, where shops remained closed yesterday, incidents also occurred in several other cities, in particular in Beira and Pemba, where shops also remained closed. (L.M.) (Agenzia Fides, 22/10/2024)
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  • MIL-OSI: High Wire Networks Named to MSSP Alert’s 2024 List of Top 250 MSSPs

    Source: GlobeNewswire (MIL-OSI)

    BATAVIA, Ill., Oct. 22, 2024 (GLOBE NEWSWIRE) — High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity, announced it ranks among the Top 250 MSSPs (http://www.msspalert.com/top-250) for 2024, according to MSSP Alert, a CyberRisk Alliance resource.

    The Top 250 MSSPs for 2024 honorees were announced on October 15 at MSSP Alert Live. The 2024 MSSP Top 250 list reveal marks the first time the list has been unveiled at MSSP Alert’s annual live event. Honorees will also be celebrated at an evening party that coincides with MSSP Alert Live.

    The complete list is available at https://www.msspalert.com/top-250.

    MSSP Alert will release the full research report that goes with the MSSP 250 list on November 18. It will discuss the research results during a special webcast for which you may register for here: http://www.msspalert.com/webcast/top-250-mssps-for-2024

    High Wire Networks COO, Ed Vasko commented: “We are honored to be recognized for the fourth year in a row by MSSP Alert as a leading provider in the managed security service space. Our inclusion in the Top 100 is a testament to the hard work and dedication of our entire team in providing comprehensive, cutting-edge security solutions through our Overwatch managed security services ecosystem. By harnessing the full capabilities of our platform—from managed XDR to advanced edge protection—we effectively address the evolving needs of our partners and customers.”

    “MSSP Alert and CyberRisk Alliance congratulate High Wire on this honor,” said Jessica C. Davis, editorial director of MSSP Alert, a CyberRisk Alliance resource. “The Top 250 MSSPs are an elite group of cybersecurity service providers, and they continue to outperform the overall cybersecurity services market. Members of this list are the best of the best.”

    MSSP Alert’s Top 250 MSSPs list and research report are overseen by Jessica C. Davis, editorial director, MSSP Alert and ChannelE2E.

    Operating at the core of High Wire’s security operation center is Overwatch SOAR™, a proprietary security orchestration, automation and response (SOAR) technology.

    The unique AI embedded in Overwatch SOAR automatically consolidates alerts from various threat prevention and detection-and-response platforms and processes them with intelligence-based rules that provide enhanced visibility, improved correlation, and faster remediation.

    High Wire offers its Overwatch managed security services exclusively through a global network of managed service providers (MSPs) and managed security service providers totaling more than 200 worldwide.

    High Wire’s SOAR technology serves as an exponential force multiplier for its dedicated teams of professional security experts, empowering them to deliver the most secure and cost-effective cybersecurity solutions available on the market today.

    High Wire’s Overwatch offering addresses a global cybersecurity market that is projected to grow at a 14.3% CAGR to reach $563 billion by 2032.

    High Wire was also named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT managed service providers for 2023 and 2024. It also received top 15 ranking in the new Frost & Sullivan (F&S) report on the cybersecurity industry, Frost Radar™: Managed Security Services in Americas, 2024.

    Across a field of more than 200 competitors, Frost & Sullivan ranked High Wire among the Top 15 Managed Security Service Providers (MSSPs) that are delivering the greatest results in the categories of growth and innovation.

    Porter discusses the Frost & Sullivan’s 2024 Managed Security Services report in the company’s YouTube video here.

    About CyberRisk Alliance

    CyberRisk Alliance provides business intelligence that helps the cybersecurity ecosystem connect, share knowledge, accelerate careers, and make smarter and faster decisions. Through our trusted information brands, network of experts, and more than 250 innovative annual events we provide cybersecurity professionals with actionable insights and act as a powerful extension of cybersecurity marketing teams. Our brands include SCWorld, the Official Cybersecurity Summits, Security Weekly, InfoSec World, Identiverse, CyberRisk Collaborative, ChannelE2E, MSSP Alert, LaunchTech Communications and TECHEXPO Top Secret.
    Learn more at http://www.cyberriskalliance.com.

    About High Wire Networks
    High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End-customers include Fortune 500 companies and many of the nation’s largest government agencies. Its U.S. based 24/7 Network Operations Center and Security Operations Center is located in Chicago.

    Learn more at HighWireNetworks.com. Follow the company on X, view its extensive video series on YouTube or connect on LinkedIn.

    Forward-Looking Statements
    The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

    Frost Radar™ is a trademark of Frost & Sullivan, Inc.

    High Wire Contact
    Susanna Song
    Chief Marketing Officer
    High Wire Networks
    Tel +1 (952) 974-4000
    Email contact

    Investor & Media Relations:
    Ronald Both or Grant Stude
    CMA Investor & Media Relations
    Tel +1 (949) 432-7557
    Email contact

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e06438d4-c5cc-43ee-9398-d444067df2fc

    The MIL Network

  • MIL-OSI Europe: Government Approves Enhancements to Irish SME Test

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    The Minister for Enterprise Trade and Employment, Peter Burke TD, today welcomed the Government decision to agree the revised guidelines and template for the application of the SME Test. The enhanced Test will be rigorously applied by all Government Departments to major new measures that will directly or indirectly impact small and medium sized enterprises.

    Minister Burke TD said:

    “The revised SME Test will help to ensure the ‘think small first’ principle is thoroughly applied to new measures as they are being developed. This will ensure that potential impacts on SMEs are fully considered, and mitigations are applied where appropriate.

    “Under the new guidelines, all primary and secondary legislative proposals, new policies and strategies, and all SIs (Statutory Instruments) will need to carry out an SME Test or provide an explanation why one is not necessary. It’s part of a further emphasis being placed by Government on supports for family businesses, indigenous enterprises and home-grown SMEs to reduce red tape and regulatory burden.”

    The SME Test is an impact assessment tool that has been designed to assist policymakers consider the SME perspective when making any new policies, legislation (primary or secondary), or regulatory compliance requirements.

    The objective of the SME Test is to ensure the ease of use, understanding and application of policy requirements on SMEs. The Test identifies disproportionate impacts on SMEs and encourages policymakers to propose alternative policy options or mitigating measures to minimise the impact on small businesses, and to ensure that the regulatory environment allows SMEs to operate, grow and scale-up.

    In addition to rigorously applying the new SME Test, Government has also recently committed to consult with business to identify additional areas across Departments/Agencies where the regulatory burden could be reduced.

    A cross-government network has developed the enhanced SME Test and will continue to work together on implementation. Strengthening the language used in the guidance and adding clarity as to when and where it should be applied, as well as including more detailed screening questions and emphasising the need for consultation will ensure the SME test becomes an even more useful tool for policy makers.

    ENDS

    MIL OSI Europe News

  • MIL-OSI: UP Fintech Announces Proposed Follow-on Public Offering of American Depositary Shares

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 22, 2024 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that it intends to offer and sell 15,000,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, subject to market and other conditions, in an underwritten public offering. The underwriters have an option to purchase up to an aggregate of 2,250,000 additional ADSs from the Company at the public offering price, less underwriting discounts and commissions, exercisable within 20 days from the date of the prospectus supplement.

    The Company expects to use the net proceeds from the proposed ADS offering for strengthening the Company’s capital base and furthering the Company’s business development initiatives.

    Deutsche Bank AG, Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited and US Tiger Securities, Inc. will act as the joint bookrunners for the proposed ADS offering.

    The proposed ADS offering will be made pursuant to an automatic shelf registration statement on Form F-3 filed with the United States Securities and Exchange Commission (the “SEC”) and is available on the SEC’s website at http://www.sec.gov. A preliminary prospectus supplement and an accompanying prospectus related to the proposed ADS offering have been filed with the SEC and are available on the SEC’s website at http://www.sec.gov. The final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at: http://www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Deutsche Bank AG, Hong Kong Branch, Level 60, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong; China International Capital Corporation Hong Kong Securities Limited 29/F, one International Finance Centre, 1 Harbour View Street, Central, Hong Kong; or, US Tiger Securities, Inc., 437 Madison Avenue, 27th Floor, New York, NY 10022, United States of America.

    This announcement shall not constitute an offer to sell, or a solicitation of an offer to buy, the securities described herein, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About UP Fintech Holding Limited

    UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

    For more information on the Company, please visit: https://ir.itigerup.com.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 22, 2024. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

    For investor and media inquiries please contact:

    Investor Relations Contact
    UP Fintech Holding Limited
    Email: ir@itiger.com

    The MIL Network

  • MIL-OSI: Melissa’s Cloud-Based DataGen API Provides On-Demand Access to Comprehensive Address, Consumer, and Business Data

    Source: GlobeNewswire (MIL-OSI)

    RANCHO SANTA MARGARITA, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) — Complete, accurate data is key to building and maintaining a business, but comprehensive customer and prospect data is imperative to gaining and holding a competitive edge. To help companies achieve this, Melissa has launched its Restful Service DataGen API, the most flexible, third-party data resource available for on-demand address, resident, consumer, property, and business data. When integrated with in-house data, this rich resource can considerably improve business analytics and deepen insights.

    “DataGen addresses the data inaccuracies that can plague an organization, challenging its ability to make timely and accurate decisions,” said Daniel Kha Le, Chief Data Officer, Melissa. “It’s a robust Restful Service API, providing seamless, real-time access to comprehensive demographic, firmographic, location intelligence, and property information that can be used to maximize the value of a company’s existing customer data.”

    Integrated as a single API, DataGen offers address details from 240+ countries and territories. Companies can quickly develop consumer profiles featuring a range of demographic attributes, including residential information such as length of residence, age ranges, new homeownership, or new movers. In-depth property details include data such as absentee ownership, mortgage data, and foreclosures. Similar data is available on businesses and business contacts.

    DataGen provides users with counts, sample records, and comprehensive datasets. Once a user sets their preferred parameters, they can stream and access a list of contacts, addresses, businesses, or other data in real time. Users are in control of data received, using filters such as city and state, ZIP codes, polygons, or neighborhoods. Once record counts are established, users can further filter without having to pay for data that is not needed. Sample data is returned so results can be previewed; once purchased, data is streamed as a paginated result in JSON format.

    Click here to access an on-demand webinar demonstrating how Melissa’s Restful Service DataGen API provides access to high-quality third-party data useful for advanced data modeling, target marketing, and customer personalization using SQL Server or other RDBMS technologies. Click here for more information or to request a license key to access DataGen, or contact sales@melissa.com.

    About Melissa
    Since 1985, Melissa has specialized in global intelligence solutions to help organizations unlock accurate data for a more compelling customer view. More than 10,000 clients worldwide in arenas such as retail, education, healthcare, insurance, finance, and government rely on Melissa for full spectrum data quality and ID verification software, including data matching, validation, and enhancement services to gain critical insight and drive meaningful customer relationships. For more information or free product trials, visit http://www.Melissa.com or call 1-800-MELISSA (635-4772).

    Media contacts
    Greg Brown
    Vice President, Global Marketing, Melissa
    greg.brown@Melissa.com
    +1-800-635-4772 x1130

    MPoweredPR for Melissa
    pr@mpoweredpr.com
    +1-877-794-6777

    The MIL Network

  • MIL-OSI: Abacus Life Provides Preliminary Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    – Expects Total Revenue Between $26.0 and $28.0 Million; Grows 23-33% Year-over-Year –

    – Expects GAAP Net Income / (Loss) Between ($6.0) and ($6.75) Million Due to Non-Cash Increase in Warrant Liability of Between $8.0 and $9.0 Million –

    – Expects Adjusted EBITDA Between $14.0 and $16.0 Million; Grows 30-48% Year-over-Year –

    – Third Quarter 2024 Earnings Release and Conference Call to be Held Thursday, November 7, 2024 –

    ORLANDO, Fla., Oct. 22, 2024 (GLOBE NEWSWIRE) — Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading global alternative asset manager focused on lifespan-based financial products, today announced preliminary unaudited financial results for the third quarter ended September 30, 2024.

    Preliminary Financial Results – Third Quarter 2024

    Based upon management’s current expectations, the Company anticipates Total Revenue, Net Income, and Adjusted EBITDA, for the third quarter as follows:

      3Q24
    Total Revenue Between $26.0 and $28.0 million
    GAAP Net Income / (Loss) Between ($6.0) and ($6.75) million
    Adjusted EBITDA Between $14.0 and $16.0 million

    “We are pleased to report another strong performance across our business, continuing to underscore the clear differentiation of our business model,” said Jay Jackson, Chief Executive Officer of Abacus. “During the quarter, we announced key acquisitions of Carlisle Management Company SCA and FCF Advisors. We are excited to welcome them to the Abacus family. In addition, we further strengthened our management team, welcoming Corey McLaren as Managing Director of Capital Markets and Robert F. Phillips as our new Senior Vice President of Investor Relations and Corporate Affairs. We also partnered with Lorisco to launch PREADISAN™, a revolutionary health prediction and actuarial technology tool, which is enabling us to offer unprecedented personalization in longevity forecasting, as well as highly tailored financial solutions for our clients. We remain committed to executing on our long-term growth initiatives and delivering value to our shareholders.”

    Earnings Release and Conference Call

    As previously noted, Abacus Life, Inc. will release its third quarter 2024 financial results after the market closes on Thursday, November 7, 2024. Management will hold a conference call to discuss the financial results at 5:00 pm Eastern Time on November 7, 2024. A live webcast of the conference call will be available on Abacus’ investor relations website at ir.abacuslife.com. The dial-in number for the conference call is (800) 267-6316 (toll-free) or (203) 518-9783 (international). Please dial the number 10 minutes prior to the scheduled start time.

    Preliminary Information

    The unaudited financial and operational information presented in this press release is preliminary and may change. Abacus’ financial closing procedures with respect to the estimated financial information provided in this press release are not yet complete, and as a result, the Company’s final results may vary materially from the preliminary results included in this press release. Abacus undertakes no obligation to update or supplement the information provided in this press release until the Company releases its financial statements for the three months ended September 30, 2024. The preliminary financial information included in this press release reflects the Company’s current estimates based on information available as of the date of this press release and has been prepared by Company management. This preliminary financial and operational information should not be viewed as a substitute for full financial statements prepared in accordance with GAAP and is not necessarily indicative of the results to be achieved for any future periods. This preliminary financial information could be impacted by the effects of financial closing procedures, final adjustments, and other developments.

    Non-GAAP Financial Information

    Adjusted EBITDA, a non-GAAP measure, is defined as net income (loss) attributable to Abacus adjusted for depreciation expense, amortization, interest expense, income tax and other non-cash and certain non-recurring items that in our judgement significantly impact the period-over-period assessment of performance and operating results that do not directly relate to business performance within Abacus’ control. A reconciliation of Adjusted EBITDA to Net income attributable to Abacus Life, the most directly comparable GAAP measure, appears below.

    Forward-Looking Statements

    All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding: Abacus’s financial and operational outlook; Abacus’s operational and financial strategies, including planned growth initiatives and the benefits thereof, Abacus’s ability to successfully effect those strategies, and the expected results therefrom. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” ‎‎”intend,” “anticipate,” “goals,” “prospects,” “will,” “would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).

    While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the ‎fact that Abacus’s loss reserves are bases on estimates and may be inadequate to cover ‎its actual losses; the failure to properly price Abacus’s insurance policies; the ‎geographic concentration of Abacus’s business; the cyclical nature of Abacus’s industry; the ‎impact of regulation on Abacus’s business; the effects of competition on Abacus’s business; the failure of ‎Abacus’s relationships with independent agencies; the failure to meet Abacus’s investment ‎objectives; the inability to raise capital on favorable terms or at all; the ‎effects of acts of terrorism; and the effectiveness of Abacus’s control environment, including the identification of control deficiencies.

    These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with ‎the U.S. Securities and Exchange Commission from time to time, including the Annual ‎Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent ‎periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the ‎forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations.

    About Abacus

    Abacus is a leading global alternative asset manager and market maker, specializing in use of advanced longevity and actuarial technology to purchase life insurance policies from consumers seeking liquidity while creating a high-returning asset class of insurance products, uncorrelated to market fluctuations, for institutional investors.

    With nearly $3 billion in assets under management, including pending acquisitions, Abacus is the only publicly traded global alternative asset manager focused on lifespan-based financial products traded on the Nasdaq exchange.

    Abacus has invested in two new verticals: ABL Wealth, which provides longevity-based wealth management services and investment offerings, and ABL Tech, which offers ground-breaking technology services for pension funds, governments, insurance companies, retirement associations and more that provides advanced real-time data tracking and analysis. With each new channel, we are revolutionizing the future of life insurance.

    http://www.Abacuslife.com

    Contacts:

    Investor Relations

    Robert Phillips – SVP Investor Relations
    rob@abacuslife.com
    (321) 290-1198

    David Jackson – IR/Capital Markets Associate
    djackson@abacuslife.com
    (321) 299-0716

    Abacus Life Public Relations
    press@abacuslife.com

    ABACUS LIFE, INC. Adjusted EBITDA

           
      Three Months Ended   Three Months Ended
      September 30, 2024   September 30, 2023
               
      Low   High   Actual
    GAAP Net income / (Loss) attributable to Abacus Life, Inc. $ (6,750,000 )   $ (6,000,000 )   $ 1,050,972  
               
    GAAP Net income / (Loss)   (6,750,000 )     (6,000,000 )     1,050,972  
    Depreciation and amortization expense   1,675,000       1,750,000       1,694,853  
    Income tax (benefit)   (550,000 )     (400,000 )     1,710,315  
    Stock-compensation   6,300,000       6,500,000       4,583,632  
    Due Diligence related to acquisitions   1,725,000       2,000,000        
    Other (expense)         25,000       (20,087 )
    Interest expense   3,900,000       4,125,000       2,679,237  
    Interest income   (600,000 )     (650,000 )     (63,826 )
    (Gain) Loss on change in fair value of debt         150,000       (2,088,797 )
    Change in fair value of warrant liability   8,750,000       8,900,000       943,400  
    Realized & Unrealized (gain) on investments   (450,000 )     (400,000 )     306,800  
    Adjusted EBITDA $ 14,000,000     $ 16,000,000     $ 10,796,499  
               

    The MIL Network

  • MIL-OSI: Onfolio Holdings Inc. Acquires Eastern Standard Business

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., Oct. 22, 2024 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the “Company” or “Onfolio”), a company that acquires and manages a diversified portfolio of online businesses, today announced that it has successfully completed the previously disclosed transaction to acquire the majority interest in the assets of Eastern Standard, LLC.

    Eastern Standard provides clients with digital marketing services including integrated branding, and digital customer experiences. Their past client roster includes Neil de Grass Tyson, and Cornell Law, among others.

    For the fiscal year ended 12/31/2023, Eastern Standard generated approximately $4,000,000 in revenue and $630,000 in unaudited adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”).

    Onfolio purchased 70% of Eastern Standard for a total of $1,660,000, through the issuance of $410,000 of Series A Preferred Shares and two secured promissory notes totaling $1,250,000. The acquisition was completed without Onfolio Holdings paying any upfront cash or issuing any common shares, and the Series A Preferred Shares and secured promissory notes issued by Onfolio are not convertible into Onfolio common shares.

    Onfolio’s Special Purpose Vehicles “Onfolio Agency SPV LLC” and “Onfolio Agency SPV 2, LLC,” paid a combined $500,000 for a 20% interest in the Eastern Standard business.

    “We continue to maintain an active pipeline of profitable companies we can acquire and expect that our Special Purpose Vehicle model, along with our non-convertible Series A Preferred Shares, will continue to play an important part of our future acquisitions,” commented Onfolio CEO Dominic Wells.

    A Form 8-K relating to the Eastern Standard  transaction was filed with the Securities and Exchange Commission on October 22, 2024 and is available on the SEC’s website at http://www.sec.gov.

    About Eastern Standard

    Eastern Standard, a Philadelphia-based combined web and branding agency since 2014, was created to help clients navigate the creation of integrated branding and digital customer experiences. Using a data-first approach, Eastern Standard blends strategy, creativity, and technology to drive end-to-end brand and digital transformation. Visit http://www.EasternStandard.com to learn more.

    About Onfolio Holdings

    Onfolio acquires and manages a diversified portfolio of online businesses. Onfolio acquires business that meet its investment criteria, being that such businesses operate in sectors with long-term growth opportunities, have positive and stable cash flows, face minimal threats of technological or competitive obsolescence and can be managed by our existing team or have strong management teams largely in place. The Company excels at finding acquisition opportunities where the seller has not fully optimized their business, and Onfolio’s experience and skillset allows it to add increased value to these existing businesses. Visit www.onfolio.com for more information.

    Safe Harbor Statement

    The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us under the caption “Risk Factors” included in our SEC filings and other risks to which our Company is subject, and various other factors beyond the Company’s control.

    Investor Contact

    investors@onfolio.com

    The MIL Network

  • MIL-OSI: Auburn National Bancorporation, Inc. Reports Third Quarter Net Earnings

    Source: GlobeNewswire (MIL-OSI)

    Third Quarter 2024 Highlights:

    • Return on Assets (annualized) improved to 0.71%, compared to 0.58% in 3Q 2023
    • Net interest margin (tax-equivalent) of 3.05%, compared to 2.73% in 3Q 2023
    • Net interest income (tax-equivalent) was $6.8 million, an increase of 7% compared to 3Q 2023
    • Average loans were $571.7 million, an increase of 8% compared to 3Q 2023
    • Loan to deposit ratio increased to 62.7% at period end from 56.6% at September 30, 2023
    • Tangible common equity (“TCE”) to total assets improved to 8.52%, compared to 5.96% at September 30, 2023

    AUBURN, Ala., Oct. 22, 2024 (GLOBE NEWSWIRE) — Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $1.7 million, or $0.50 per share, for the third quarter of 2024, compared to $1.7 million, or $0.50 per share, for the second quarter of 2024, and $1.5 million, or $0.43 per share, for the third quarter of 2023. Net earnings were $4.8 million, or $1.38 per share, for the first nine months of 2024, compared to $5.4 million, or $1.54 per share, for the first nine months of 2023.

    “Our third quarter and year to date results benefited from the balance sheet repositioning we completed in the fourth quarter of 2023. This, combined with loan growth during 2024, have improved the Company’s net interest income and margin in the third quarter when compared to the same quarter last year,” said David A. Hedges, President and CEO. “Along with improvements in our balance sheet, we continue to look for opportunities to grow and increase our efficiency. After careful consideration of our customers and the close proximity to our other locations in Auburn, we are closing our Corner Village branch by year end, which should provide additional cost savings beginning in 2025,” continued Mr. Hedges.

    Net interest income (tax-equivalent) was $6.8 million in the third quarter of 2024, compared to $6.7 million in the second quarter of 2024, and $6.4 million in the third quarter of 2023.

    Net interest margin (tax-equivalent) was 3.05% in the third quarter of 2024, compared to 3.06% in the second quarter of 2024, and 2.73% in the third quarter of 2023. The increase compared to the third quarter of 2023 was primarily due to loan growth, a more favorable asset mix, and improvements in our yield on interest-earning assets, which outpaced increases in the cost of our interest-bearing deposits. Average loans for the third quarter of 2024 were $571.7 million, an increase of 8% from the third quarter of 2023.

    Mr. Hedges continued, “Although we experienced solid loan growth compared to the same time last year, we had approximately $14.9 million in loan payoffs during the latest quarter related to one borrowing relationship. The proceeds from the loan payoffs allowed us to repay $15.0 million of high-cost non-core funding.”

    Nonperforming assets were $0.8 million, or 0.08% of total assets, at September 30, 2024 and June 30, 2024, respectively, compared to $1.2 million, or 0.12% of total assets, at September 30, 2023.

    The Company recorded a negative provision for credit losses of $0.1 million in both the third and second quarters of 2024, compared to a provision for credit losses of $0.1 million in the third quarter of 2023. In the most recent quarter, the payoff of one loan relationship contributed to the negative provision.

    At September 30, 2024, the Company’s allowance for credit losses was $6.9 million, or 1.22% of total loans, compared to $7.1 million, or 1.24% of total loans, at June 30, 2024, and $6.8 million, or 1.24% of total loans, at September 30, 2023.

    Noninterest income was $0.8 million for the third quarter of 2024, compared to $0.9 million for the second quarter of 2024, and $0.9 million in the third quarter of 2023.

    Noninterest expense was $5.5 million for each of the third and second quarters of 2024, and $5.4 million the third quarter of 2023. The increase from the third quarter of 2023 was primarily related to an increase in salaries and benefits, partially offset by decreases in net occupancy and equipment expense and other noninterest expense.

    Total assets were $990.1 million at September 30, 2024, compared to $1.0 billion at June 30, 2024 and September 30, 2023, respectively. Loans, net of unearned income were $565.7 million at September 30, 2024, compared to $578.1 million at June 30, 2024 and $545.6 million at September 30, 2023. The decrease in loans, compared to June 30, 2024, was primarily related to the payoff of the $14.9 million relationship in the latest quarter. The increase in loans since September 30, 2023 primarily reflects growth in the commercial real estate and construction and land development loan categories. Total deposits were $901.7 million at September 30, 2024, compared to $946.4 million at June 30, 2024, and $964.6 million at September 30, 2023. The decrease in deposits compared to June 30, 2024 was primarily related to an increase in reciprocal customer deposits sold through Intrafi’s one-way sell program and the repayment of $15.0 million in time deposits held by the State of Alabama. At September 30, 2024 the Company sold $37.8 million of reciprocal deposits, compared to none at June 30, 2024 and September 30, 2023.

    At September 30, 2024, the Company’s consolidated stockholders’ equity (book value) was $84.3 million or $24.14 per share, compared to $75.2 million, or $21.53 per share, at June 30, 2024, and $61.5 million, or $17.59 per share, at September 30, 2023. The increase from June 30, 2024 was primarily driven by other comprehensive income of $8.3 million due to lower market interest rates that led to a decrease in unrealized losses on securities available-for-sale, net of tax, plus net earnings of $1.7 million. These increases in stockholders’ equity were partially offset by cash dividends paid of $0.9 million. Unrealized losses do not affect the Bank’s capital for regulatory capital purposes.

    The Company’s tangible common equity (“TCE”) ratio or total equity to total assets ratio was 8.52% at September 30, 2024, compared to 7.34% at June 30, 2024, and 5.96% at September 30, 2023. The TCE ratio increased compared to June 30, 2024 primarily due to increases in the fair value of the Company’s available-for-sale securities and a smaller balance sheet. All of the Company’s marketable securities are classified as available-for-sale. Therefore, any changes in the fair value of the Company’s securities portfolio are reflected in total equity, net of tax, under generally accepted accounting principles.

    The Company paid cash dividends of $0.27 per share in the third quarter of 2024. At September 30, 2024, the Bank’s regulatory capital ratios were well above the minimum amounts required to be “well capitalized” under current regulatory standards.

    About Auburn National Bancorporation, Inc.

    Auburn National Bancorporation, Inc. (the “Company”) is the parent company of AuburnBank (the “Bank”), with total assets of approximately $990.1 million. The Bank is an Alabama state-chartered bank that is a member of the Federal Reserve System, which has operated continuously since 1907. Both the Company and the Bank are headquartered in Auburn, Alabama. The Bank conducts its business in East Alabama, including Lee County and surrounding areas. The Bank currently operates eight full-service branches in Auburn, Opelika, Valley, and Notasulga, Alabama. The Bank also operates a loan production office in Phenix City, Alabama. Additional information about the Company and the Bank may be found by visiting http://www.auburnbank.com.

    Cautionary Notice Regarding Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, including, without limitation, statements about future financial and operating results, costs and revenues, the continuing effects of the COVID-19 pandemic and related government, Federal Reserve monetary and regulatory actions, including the remaining effects of pandemic-related economic stimulus and economic conditions generally and in our markets, loan demand, mortgage lending activity, changes in the mix of our earning assets (including those generating tax exempt income or tax credits) and our mix and cost of deposits and wholesale liabilities, net interest income and margin, yields on earning assets, the market values and performance of securities held, effects of inflation, including Federal Reserve monetary policies which were tightened in response to inflation beginning in 2022 through increases in the target federal funds rate and reductions in the Federal Reserve’s Treasury and mortgage-backed securities holdings, and more recent changes to increase reinvestment of maturing Treasury securities beginning in June 2024 and a mid-September 2024 reduction in the target federal funds rate by 50 basis points to 4.75-5.00%, interest rates (generally and those applicable to our assets and liabilities) and changes in our asset values, especially investment securities, as a result of monetary policies and interest rate changes, noninterest income, loan performance, loan deferrals and modifications, nonperforming assets, other real estate owned, provision for credit losses, including the continuing effects of the application of the new CECL accounting standard adopted on January 1, 2023 and our CECL models, including possible adjustments to the fair values of securities available for sale in lieu of other-than-temporary impairments, charge-offs, collateral values, credit quality, asset sales, insurance claims, and market trends, as well as statements with respect to our objectives, expectations and intentions and other statements that are not historical facts. Actual results may differ from those set forth in the forward-looking statements.

    Forward-looking statements, with respect to our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, achievements, or financial condition of the Company or the Bank to be materially different from future results, performance, achievements, or financial condition expressed or implied by such forward-looking statements. You should not expect us to update any forward-looking statements.

    All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, together with those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2023 and otherwise in our other SEC reports and filings.

    Explanation of Certain Unaudited Non-GAAP Financial Measures

    This press release contains financial information determined by methods other than U.S. generally accepted accounting principles (“GAAP”). The attached financial highlights include certain designated net interest income amounts presented on a tax-equivalent basis, a non-GAAP financial measure, and the presentation and calculation of the efficiency ratio, a non-GAAP measure. Management uses these non-GAAP financial measures in its analysis of the Company’s performance and believes the presentation of net interest income on a tax-equivalent basis provides comparability of net interest income from both taxable and tax-exempt sources and facilitates comparability within the industry. Similarly, the efficiency ratio is a common measure that facilitates comparability with other financial institutions. Although the Company believes these non-GAAP financial measures enhance investors’ understanding of its business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. Along with the attached financial highlights, the Company provides reconciliations between the GAAP financial measures and these non-GAAP financial measures.

    For additional information, contact:
    David A. Hedges
    President and CEO
    (334) 821-9200

    Financial Highlights (unaudited)

                      
         Quarters Ended   Nine months ended
    (Dollars in thousands, except per share amounts)   September 30, 2024   June 30, 2024   September 30, 2023   September 30, 2024   September 30, 2023
    Results of Operations                                  
    Net interest income (a) $ 6,811     $ 6,728     $ 6,380     $ 20,216     $ 20,591  
    Less: tax-equivalent adjustment   21       19       108       60       322  
      Net interest income (GAAP)   6,790       6,709       6,272       20,156       20,269  
    Noninterest income   846       896       865       2,629       2,448  
      Total revenue   7,636       7,605       7,137       22,785       22,717  
    Provision for credit losses   (127 )     (123     105       84       (191 )
    Noninterest expense   5,500       5,519       5,362       16,694       16,791  
    Income tax expense   531       475       182       1,170       737  
    Net earnings $ 1,732     $ 1,734     $ 1,488     $ 4,837     $ 5,380  
                                             
    Per share data:                                  
    Basic and diluted net earnings: $ 0.50     $ 0.50     $ 0.43     $ 1.38     $ 1.54  
    Cash dividends declared $ 0.27     $ 0.27     $ 0.27     $ 0.81     $ 0.81  
    Weighted average shares outstanding:                                  
      Basic and diluted   3,493,699       3,493,699       3,496,411       3,493,687       3,499,518  
    Shares outstanding, at period end   3,493,699       3,493,699       3,493,614       3,493,699       3,493,614  
    Book value $ 24.14     $ 21.53     $ 17.59     $ 24.14     $ 17.59  
    Common stock price:                                  
      High $ 24.35     $ 19.25     $ 22.80     $ 24.35     $ 24.50  
      Low   17.50       16.63       20.85       16.63       18.80  
      Period-end:   22.90       18.29       21.50       22.90       21.50  
        To earnings ratio (c)   91.60  x     101.61 x     7.65 x     91.60 x     7.65  
        To book value   95  %     85 %     122 %     95 %     122  
    Performance ratios:                                  
    Return on average equity (annualized)   9.10  %     9.63 %     8.59 %     8.59 %     10.15  
    Return on average assets (annualized)   0.71  %     0.71 %     0.58 %     0.66 %     0.70  
    Dividend payout ratio   54.00  %     54.00 %     62.79 %     58.70 %     52.60  
    Other financial data:                                  
    Net interest margin (a)   3.05  %     3.06 %     2.73 %     3.05 %     2.97  
    Effective income tax rate   23.46  %     21.50 %     10.90 %     19.48 %     12.05  
    Efficiency ratio (b)   71.83  %     72.39 %     74.01 %     73.08 %     72.88  
    Asset Quality:                                  
    Nonperforming assets:                                  
      Nonperforming (nonaccrual) loans $ 775     $ 794     $ 1,213     $ 775     $ 1,213  
        Total nonperforming assets $ 775     $ 794     $ 1,213     $ 775     $ 1,213  
                                             
    Net charge-offs (recoveries) $ 60     $ 9     $ 14     $ 2     $ (127 )
                                             
    Allowance for credit losses as a % of:                                  
      Loans   1.22  %     1.24 %     1.24 %     1.22 %     1.24  
      Nonperforming loans   887  %     899 %     559 %     887 %     559  
    Nonperforming assets as a % of:                                  
      Loans and other real estate owned   0.14  %     0.14 %     0.22 %     0.14 %     0.22  
      Total assets   0.08  %     0.08 %     0.12 %     0.08 %     0.12  
    Nonperforming loans                                  
      as a % of total loans   0.14  %     0.14 %     0.22 %     0.14 %     0.22  
    Annualized net charge-offs (recoveries)                                  
       as a % of average loans   0.04  %     0.01 %     0.01 %     —  %     (0.03 )
    Selected average balances:                                  
    Securities $ 251,723     $ 258,228     $ 390,772     $ 259,158     $ 398,751  
    Loans, net of unearned income   571,651       573,443       529,382       568,628       514,635  
    Total assets   982,656       978,107       1,020,980       979,243       1,022,257  
    Total deposits   904,860       900,673       942,533       900,876       944,471  
    Total stockholders’ equity $ 76,113     $ 72,059     $ 69,269     $ 75,044     $ 70,659  
    Selected period end balances:                                  
    Securities $ 258,285     $ 254,359     $ 373,286     $ 258,285     $ 373,286  
    Loans, net of unearned income   565,699       578,068       545,610       565,699       545,610  
    Allowance for credit losses   6,876       7,142       6,778       6,876       6,778  
    Total assets   990,143       1,025,054       1,030,724       990,143       1,030,724  
    Total deposits   901,724       946,405       964,602       901,724       964,602  
    Total stockholders’ equity $ 84,336     $ 75,209     $ 61,451     $ 84,336     $ 61,451  
                                             
    (a) Tax equivalent. See “Explanation of Certain Unaudited Non-GAAP Financial Measures” and “Reconciliation of GAAP
      to non-GAAP Measures (unaudited).”
    (b) Efficiency ratio is the result of noninterest expense divided by the sum of noninterest income and tax-equivalent
      net interest income. See “Reconciliation of GAAP to non-GAAP Measures (unaudited)” below.
    (c) Calculated by dividing period end share price by earnings per share for the previous four quarters.
     
     

    Reconciliation of GAAP to non-GAAP Measures (unaudited):

                 
        Quarters Ended   Nine months ended
    (Dollars in thousands, except per share amounts)   September 30, 2024   June 30, 2024   September 30, 2023     September 30, 2024   September 30, 2023  
    Net interest income, as reported (GAAP) $ 6,790   $ 6,709   $ 6,272   $ 20,156   $ 20,269  
    Tax-equivalent adjustment   21     19     108     60     322  
    Net interest income (tax-equivalent) $ 6,811   $ 6,728   $ 6,380   $ 20,216   $ 20,591  

    The MIL Network

  • MIL-OSI: Tuttle Capital Management Launches European Aerospace and Defense Industry ETF

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) — via IBN — The Select STOXX Europe Aerospace & Defense ETF (the “Fund”) will start trading today. The Fund invests at least 80% of its total assets in the component securities of the STOXX® Europe Total Market Aerospace & Defense Index. The Fund will also invest, under normal circumstances, at least 80% of its net assets in exchange listed common stock or ADRs of companies based (headquartered) in Europe who derive at least 50% of their revenue from the manufacture, service, supply and distribution of aeronautical equipment, components, hardware, software or electronic systems; and equipment, systems, components, infrastructure support services, and hardware, software and electronics that directly support civil and military defense efforts.

    Visit the Select STOXX Europe Aerospace & Defense ETF here: http://www.select-funds.com
      
    Matthew Tuttle, CEO of Tuttle Capital Management (“TCM”), said in a news release that “given the global state of tensions, and the possibility that the US may pull back from European security commitments, we think there could be an investment edge in these names”.

    About Tuttle Capital Management

    TCM believes it is an industry leader in offering thematic ETFs and first of their kind ETFs Please visit http://www.tuttlecap.com for more information about TCM.

    The STOXX Europe Total Market Aerospace & Defense Index is intellectual property (including registered trademarks) of STOXX Ltd., Zug, Switzerland (“STOXX”), Deutsche Börse Group or their licensors, which is used under license. The Select STOXX Europe Aerospace & Defense ETF is neither sponsored nor promoted, distributed, or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX. Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions, or interruptions in the STOXX Europe Total Market Aerospace & Defense Index or its data.

    An investor should consider the objectives, risks, and charges and expenses of the Select STOXX Europe Aerospace & Defense ETF (the “Fund”) before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available above or by calling Shareholder Services at 1-800-773-3863. The prospectus should be read carefully before investing. Current and future holdings are subject to change and risk.

    An investment in the Fund is subject to investment risks, including the possible loss of some or the entire principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Investment in the Fund is also subject to the following risks:

    Equity Securities Risk: Investments in equity securities may fluctuate in value response to many factors, including general market and economic conditions, interest rates, and specific industry changes.

    Non-Diversification Risk: The fund may invest a larger portion of its assets in a limited number of companies than a diversified fund. Because a relatively high percentage of the Fund’s assets may be invested in the securities of a limited number of companies that could be in the same or related economic sectors, the Fund’s portfolio may be more susceptible to any single economic, technological, or regulatory occurrence than the portfolio of a diversified fund.

    Aerospace and Defense Sector Risk: The aerospace and defense sectors can be significantly affected by government regulation and spending policies because companies involved in these sectors rely, to a significant extent, on government demand for their products and services. 

    Foreign Securities Risk: The Fund could be subject to greater risks because the Fund’s performance may depend on issues other than the performance of a particular company or U.S. market sector. Changes in foreign economies and political climates are more likely to affect the Fund than a fund that invests exclusively in U.S. companies.

    Limited History of Operations Risk: The Fund has a limited history of operations. Accordingly, investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategy, may not employ a successful investment strategy, or may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the Fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders.

    Passive Investment Risk: The Fund is not actively managed and, therefore, would not sell an equity security due to current or projected underperformance of such security, industry, or sector, unless that security is removed from the Index.

    While the shares of the Fund are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade more like stocks, are subject to investment risks, fluctuate in market value, and may trade at prices above or below the ETF’s net asset value. More information about these risks can be found in the Fund’s prospectus.

    The Select STOXX Europe Aerospace & Defense ETF is distributed by Capital Investment Group, Inc., Member FINRA/SIPC, 100 E. Six Forks Road, Raleigh, North Carolina 27609. There is no affiliation between Tuttle Capital Management, LLC, including their principals, and Capital Investment Group, Inc. RCSTOX1024001

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    The MIL Network

  • MIL-OSI: Descope Named SINET16 Innovator, Included in Cyber 150 List of Fastest Growing Security Companies

    Source: GlobeNewswire (MIL-OSI)

    LOS ALTOS, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) — Descope, the drag & drop customer identity and access management (CIAM) platform, today announced that it has been named a 2024 winner of the SINET16 Innovator Award and has been included in the annual Cyber 150 list, both recognitions validating the company’s fast growth and innovation in the customer identity space.

    The Descope no / low code CIAM platform helps organizations easily create and customize their entire authentication and user journey using visual workflows. Hundreds of customers including GoFundMe, Databricks, and Navan use Descope to reduce user friction during onboarding, enhance protection against account takeover attacks, and unify identities across customer-facing apps.

    The SINET16 and Cyber 150 recognitions follow on the back of Descope being named in the Redpoint InfraRed 100, Fortune Cyber 60, and Notable Capital’s Rising in Cyber. The company was also recently named a Momentum Leader based on customer reviews in the G2 Crowd Fall 2024 Reports in the CIAM and Passwordless categories.

    The SINET16 Innovator Award selected Descope as one of 16 emerging companies identified as the most innovative and compelling technologies in their fields to address cybersecurity threats and vulnerabilities. Winners were selected from a pool of 230 applications from 13 countries, with applications being evaluated by the SINET Judging Committee composed of over 100 security professionals including security and risk leaders, government intelligence and defense experts, venture capitalists, and investment bankers.

    Robert D. Rodriguez, Chairman of SINET, said: “SINET is a purpose-driven community whose mission is to advance innovation to defeat Cybersecurity threats. In support of this calling, I am proud to congratulate this year’s class of SINET16 winners. We look forward to watching these companies continue to mature as they progress on their amazing entrepreneurial journeys and their goal to protect our critical infrastructures and national security interests.”

    The Cyber 150 list is annually curated by IT-Harvest and was founded by noted industry analyst Richard Stiennon. The list used a variety of objective metrics to highlight the 150 fastest growing cybersecurity companies in the world with employees between 50-500. The Cyber 150 acts as a benchmark for the industry, highlighting companies that lead and redefine security standards and practices.

    Richard Stiennon, Chief Research Analyst at IT-Harvest, said: “Congratulations to the Descope team for being named in the Cyber 150. As one of the youngest companies in the list, Descope’s inclusion is a testament to their fast growth and customer momentum in a crowded IAM market. I look forward to seeing where their journey leads.”

    Slavik Markovich, Co-Founder and CEO of Descope, said: “We’re delighted to be named a SINET16 Innovator and to be included in the IT-Harvest Cyber 150 list. Any industry recognition Descope receives is a result of the trust our customers place in us and the work our employees put in every second. This reaffirms our commitment to improving the way organizations manage their customer identities by making it less about code and more about the user journey. We’re already booted up and ready to climb the next mountain!”

    About Descope

    Descope is a drag & drop CIAM platform. Our no / low code solution helps hundreds of organizations easily create and customize their entire user journey using visual workflows – from authentication and authorization to MFA and federated SSO. Hundreds of customers use Descope to reduce user friction, prevent account takeover, and get a unified view of their customer journey. Founded in 2022, Descope is backed by Lightspeed and Notable Capital (previously GGV Capital) and is a member of the FIDO Alliance.

    Media Contact

    Erica Anderson

    Offleash for Descope

    descope@offleashpr.com

    The MIL Network

  • MIL-OSI: “Rage Deletion” is Real – and GenZ is admitting to doing it the most

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Oct. 22, 2024 (GLOBE NEWSWIRE) — Nearly one in six workers has experienced a co-worker intentionally deleting important company data before quitting a job. One in twenty has personally committed “Rage Deletion,” with GenZ employees being twice as likely (one in ten) to admit to doing so. That’s according to new research from backup and recovery leader CrashPlan. With the US presidential election approaching, 15% of respondents also worry that political activism could drive intentional deletion by departing co-workers.

    CrashPlan surveyed more than 2,300 workers as part of its forthcoming Work Trend Security Report. It found that certain industries and roles were more vulnerable to Rage Deletion.

    • Worry is highest (20%) among employees concerned about job security.
    • Concern over Rage Deletion is highest in the technology industry (21%) and among programmers and developers (25%).
    • The five roles that were most likely to admit to personally Rage Deleting were designers and design engineers (11%), writers and editors (9%), programmers and developers (7%) and video producers (7%).
    • Millennials are most worried about political activism driving Rage Deletion (17%)
    • Only 43% of companies provide tools that ensure employee data is backed up and only 39% provide clear policies mandating their use.

    Where is all the rage coming from?
    Rage Deleters are significantly less engaged at work and more frustrated than other employees. They are more likely to feel increased pressure to show productivity at work, are more concerned about their job security, and are more than twice as likely as others to be seeking new jobs. They’re less often managers, but they are also more likely than others to have worked overtime more than ten times in the previous month. They have received cybersecurity training less often and are less likely to feel their employer invests sufficiently in professional development. Rage Deleters are less likely to look forward to going to work and significantly less proud of their workplaces. And they are twice as likely as others to have already experienced a co-worker’s Rage Deletion.

    “The signs of employee disengagement and dissatisfaction show up in the way they use technology. Obviously, it doesn’t usually escalate to sabotage, but our research clearly shows that disengaged employees are less careful with their data,” said CrashPlan CISO Todd Thorsen. “Every company has a simple choice – with a few keystrokes their intellectual property or important records can vanish forever, or just as quickly they can restore the data a disgruntled employee intended to destroy.”

    To learn more about CrashPlan, visit http://www.crashplan.com

    About CrashPlan
    CrashPlan provides cyber-ready data resilience and governance in a single platform for organizations whose ideas power their revenue. With its comprehensive backup and recovery capabilities for data stored on servers, on endpoint devices, and in SaaS applications, CrashPlan’s solutions are trusted by entrepreneurs, professionals, and businesses of all sizes worldwide. From ransomware recovery and breaches to migrations and legal holds, CrashPlan’s suite of products ensures the safety and compliance of your data without disruption.

    Media Contact:
    Brianna Bruinsma
    Firebrand Communications
    crashplan@firebrand.marketing

    The MIL Network

  • MIL-OSI: Alvarez & Marsal selects Intapp to strengthen deal management

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) — Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that global consulting firm Alvarez & Marsal has selected Intapp DealCloud as its deal and pipeline management solution. Alvarez & Marsal’s rapidly expanding Corporate Finance practice group will use DealCloud to manage origination, sales pipeline, and deal workflows.

    Supporting teams with technology
    “We see Intapp DealCloud as a key foundational element that will let us establish best practices as we build our Corporate Finance practice,” said Jonathan Boyers, Managing Director and Head of Alvarez & Marsal’s Corporate Finance practice in EMEA. “With DealCloud, we’ll create a centralized deal management hub that will help us efficiently manage complex deals and speed execution.”

    Modernizing deal management
    Using DealCloud as its centralized deal management platform, Alvarez & Marsal’s Corporate Finance team will be able to efficiently manage origination, pipeline, deals, and execution using a single solution. The firm’s corporate finance professionals will find and reference communications, workflows, and other data relating to deals and client pursuits in the platform. In addition, access to collective firm intelligence will help teams accurately track and forecast deals and pipeline, and accelerate execution. By centralizing engagement data, DealCloud will help Alvarez & Marsal transform average daily activities into actionable trends and industry developments.

    Alvarez & Marsal will use DealCloud’s advisory industry blueprint, which is preconfigured specifically for consulting firms. The blueprint includes key features like automated data management, pipeline and forecasting, execution and process management, and reporting capabilities. The industry blueprint and Intapp’s templated data migration process will accelerate Alvarez & Marsal’s implementation, delivering faster time to value.

    Multiplying success with Intapp
    “We’re excited to work with Alvarez & Marsal’s Corporate Finance group to provide a foundational deal management hub that will help them manage their business,” said Erin Guinan, General Manager of DealCloud at Intapp. “We’re thrilled to see consulting firms, especially those as prominent as Alvarez & Marsal, continue to turn to Intapp for software that improves firm performance.”

    About Intapp 
    Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world’s top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and connect with us on X, formerly Twitter (@intapp) and LinkedIn.

    About Alvarez & Marsal
    Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) for leadership, action and results. Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement, and turnaround management services. When conventional approaches are not enough to create transformation and drive change, clients seek our deep expertise and ability to deliver practical solutions to their unique problems.

    With more than 10,000 people providing services across six continents, we deliver tangible results for corporates, boards, private equity firms, law firms, and government agencies facing complex challenges. Our senior leaders and their teams leverage A&M’s restructuring heritage to help companies act decisively, catapult growth, and accelerate results. We are experienced operators, world-class consultants, former regulators, and industry authorities with a shared commitment to telling clients what’s really needed for turning change into a strategic business asset, managing risk and unlocking value at every stage of growth.

    To learn more, visit: AlvarezandMarsal.com

    Intapp
    Ali Robinson
    Global Media Relations Director, Intapp
    press@intapp.com

    The MIL Network

  • MIL-OSI Canada: Statement by the Prime Minister marking 10 years since the attack at the National War Memorial and on Parliament Hill

    Source: Government of Canada – Prime Minister

    The Prime Minister, Justin Trudeau, today issued the following statement marking 10 years since the attack at the National War Memorial and on Parliament Hill:

    “Ten years after the day, we remember the horrific terrorist attack at the National War Memorial and on Parliament Hill.

    “Corporal Nathan Cirillo was shot and killed while standing guard at the Tomb of the Unknown Soldier. Warrant Officer Patrice Vincent was murdered just two days before in another attack, in Saint-Jean-sur-Richelieu, Quebec. Today, our hearts are with their families and friends who still grieve the loss of their loved one.

    “On October 22, 2014, Canadians saw terrifying pictures and videos of an attack on Parliament Hill. But there is one image from that day I remember clearly: people protecting one another as we took shelter wherever we were. I remember that, in the days that followed, political debate was subsumed by collegial support. And above all, we all remember the service and the sacrifice of those who stood guard, and those who rushed toward danger to save lives.

    “That is what we remember today, and what we must never forget.”

    MIL OSI Canada News

  • MIL-OSI Global: Civilian support for military coups isn’t a bug – it’s a feature

    Source: The Conversation – USA – By Salah Ben Hammou, Postdoctoral Research Associate, Rice University

    Members of the Malian junta wave as civilians gather to celebrate the overthrow of the president on Aug. 21, 2020. AP Photo/File

    In September 2024, authorities in Benin detained the country’s former sports minister and a prominent businessman for allegedly plotting a coup against the West African nation’s president, Patrice Talon. Had a putsch materialized, Benin would have joined a growing list of African countries to have experienced a military coup over the past four years.

    Dubbed an “epidemic of coup d’états” by United Nations Secretary-General Antonio Guterres, the resurgence of military takeovers has left many observers perplexed. For one, the frequency of coups worldwide had reached historic lows prior to 2020.

    But perhaps even more puzzling is that several of the recent military coups – such as those in Mali, Burkina Faso and Guinea – have been accompanied by significant civilian support. Indeed, while various commentaries or news reports have treated civilian support as an exceptional feature of this recent coup wave, these perspectives rely on a common misunderstanding.

    As I’ve observed over the course of my research on the politics of military coups, civilian support is actually a common, if not critical, part of coup politics, and far from unique to this recent resurgence of military takeovers.

    How common are civilian-supported coups?

    In the popular imagination of a military coup, power-hungry soldiers command tanks down a capital’s streets to seize authority from the political leadership. In this vision, civilians are often passive actors or otherwise assumed to be the opponents of coups. Yet such a setting is belied by numerous examples, both recent and throughout history.

    In West Africa’s Niger, for example, the M62 movement – a coalition of civil society organizations – gathered its members on the streets to support the coup in July 2023, outnumbering prior protests calling for the reinstatement of President Mohamed Bazoum. In neighboring Mali, the M5-RFP protest movement served a similar role in the aftermath of the country’s 2020 coup – although fissures in its relationship with the junta have since surfaced.

    Even Benin’s thwarted plot had a civilian dimension. Its alleged masterminds, the sports minister and prominent businessman who were said to have funded the planned coup, were not soldiers but part of the governing bureaucracy or elite civil society.

    To see how common such cases are, I collected data on civilian support and involvement in all successful military coups since 1950. Defining coups as “successful” if the soldiers manage to stay in power for at least seven days, that gave me 242 cases over a period of nearly 75 years to analyze, spanning different regions like Latin America, sub-Saharan Africa and the Middle East.

    Out of the 242 episodes, 189 coups – or nearly 80% – saw some type of civilian support, either in the takeover’s instigation or in the later consolidation of power.

    Coups without any sign of civilian support were generally those that saw a military leader ousted by other members of the ruling junta – contexts where soldiers already dominated the political landscape.

    Breaking down the numbers over time, civilian-supported coups represented the lion’s share in each decade, even as the overall frequency of coups ebbed by the 1990s with the end of the Cold War.

    But in the past two decades, virtually every successful coup has been associated with some level of support outside the military. So while civilian support might not be unique to recent cases, there is evidence that it has become a more common fixture of military coups – at least among the successful ones.

    Of course, these stats do not include failed coups or thwarted conspiracies. But the failed attempts to instigate a coup in Benin – or, for that matter, in Brazil in January 2023 – suggest that these numbers might underestimate the frequency of civilian support for, and involvement in, coups.

    How civilians support coups

    In general, civilian support for coups can manifest in different ways. But in a recent study, I identified two broad patterns: instigation and consolidation.

    Instigation, by default, occurs in the pre-coup stage and involves civilians taking action to spark a coup attempt.

    Protests and insurrections in pursuit of a military coup are common methods of instigation. For example, early in 2023, supporters of former Brazilian President Jair Bolsonaro seized the National Congress after weeks of publicly calling on the military to stop President Luiz Inacio Lula da Silva’s inauguration. While their efforts ultimately failed to produce a coup, they are illustrative of the civilian dynamic.

    In late 2021, disgruntled members of Sudan’s transitional government organized protests in Khartoum, the capital, calling for the military’s intervention. The military answered days later by removing Prime Minister Abdalla Hamdok from power.

    Instigation can also involve more targeted actions. For instance, the alleged Benin coup plot involved targeting specific members of the security services with bribes in exchange for their participation. In Brazil, recent court documents implicated Bolsonaro himself in coordinating a coup plot and attempting to ensure the participation of top military leaders.

    In other cases, political parties developed secret cells in the armed forces to later give the go-ahead for a coup – like in Bolivia in 1952, Iraq in 1963, Afghanistan in 1978 and Sudan in 1989.

    Consolidation, on the other hand, involves actions taken during and in the immediate aftermath of a coup.

    This could include actions like taking up arms alongside soldiers during a military takeover, organizing pro-coup protests or assuming important governing tasks alongside a new junta. Here, civilians seek to ensure a coup succeeds and its objectives take root – even against domestic and international opposition.

    Among the recent West African cases, civilians have especially worked to consolidate coups against international opposition. For example, after the Economic Community of West African States threatened military intervention to reverse Niger’s coup in 2023, M62 and other civilian-led protest groups rallied to support the coupists. Thousands also enlisted in the Volunteers for the Defense of Niger, a pro-junta civilian militia created to combat international intervention against the coupists.

    Why civilian coup support matters

    Soldiers are unlikely to even attempt a coup without confidence that at least some civilians will back their efforts.

    Portraying civilian support for military takeovers as exceptional thus misses a critical component of coup politics. And this misconception benefits coupists, who can use civilian allies to present their actions as legitimate or even revolutionary, which is what happened in Egypt in 2013.

    Coupists can also retain political influence after stepping aside by ensuring that their civilian supporters secure power.

    Military coups also do not occur in a vacuum. A proper focus on the civilian element of coup politics allows researchers and international observers to better contextualize military takeovers in broader social struggles for the state.

    This could lead to greater engagement with the issue of what kinds of civilian segments are instigating and consolidating coups. Are they close to the targeted leader such as in Benin’s alleged plot? Or are they members of the political opposition, like in Niger and Mali?

    These nuances should be front and center to researchers, policymakers and diplomats as they seek to understand – and mitigate – sudden and often destabilizing takeovers of a state.

    Salah Ben Hammou has received funding from the United States Institute of Peace and Minerva Research Initiative. He is a Postdoctoral Research Associate at Rice University’s Baker Institute of Public Policy.

    ref. Civilian support for military coups isn’t a bug – it’s a feature – https://theconversation.com/civilian-support-for-military-coups-isnt-a-bug-its-a-feature-240877

    MIL OSI – Global Reports

  • MIL-OSI Global: Florida and North Carolina are making it easier for people to vote after the hurricanes – but some risks remain

    Source: The Conversation – USA – By Michael T. Morley, Assistant Professor of Law, Florida State University

    People walk into an early voting site in Hendersonville, N.C., on Oct. 17, 2024. Melissa Sue Gerrits/Getty Images

    Polls opened in North Carolina on Oct. 17, 2024, as about 14,000 people in Asheville and surrounding areas remain without power in their homes following Hurricane Helene. In Florida, which started early voting in some counties on Oct. 21, about 400,000 residents are still without power after Hurricane Milton.

    Some experts have said that the hurricanes could cause voter numbers to drop – and impacts of Helene have already prompted a few early polling stations in western North Carolina to close. But more North Carolina residents turned out to vote on the first day of early voting than they did in 2020.

    Amy Lieberman, a politics and society editor at The Conversation U.S., spoke with Michael T. Morley, who studies natural disasters and election law, to understand how these recent storms could complicate voting in the presidential election.

    A home in Manasota Key, Fla., that was damaged by Hurricane Milton is seen on Oct. 13, 2024.
    Joe Raedle/Getty Images

    What are the major issues that hurricanes can create ahead of an election?

    A hurricane or natural disaster makes an election tremendously more challenging for both election officials and voters on various practical levels.

    Election administrators might have been injured, or their homes could be flooded or destroyed. State officials need to ensure, especially in areas that have been hardest hit, that enough local administrators remain in place to continue distributing absentee ballots and to staff early voting locations.

    Still, I have not seen empirical evidence that the results of any federal elections in recent decades have changed as a result of hurricanes.

    What could these major hurricanes mean for voters in North Carolina and Florida?

    Florida has one of the most comprehensive laws to deal with election emergencies of this sort because it faces them frequently.

    Florida Gov. Ron DeSantis signed an executive order on Oct. 3, 2024, in response to Hurricane Helene. Among other things, Florida law says that in a state of emergency the governor can suspend state statutes or regulations governing state business when complying with them can interfere with disaster response.

    Florida, like other states, has deadlines for when election officials must designate polling locations. DeSantis waived this deadline to authorize county officials to designate new ones. DeSantis’ order also gives election officials more discretion about where new polling locations may be located. And he made it easier for state employees to step in and serve as poll workers, particularly on Election Day.

    DeSantis suspended a state requirement so a person who cannot return to their home can ask by phone to have a vote-by-mail ballot sent to wherever they are staying – not just their registered home address. Making it easier for ballots to be sent to people, wherever they are, is one of the most effective measures that Florida has implemented to help make voting easier.

    In North Carolina, meanwhile, state officials have authorized different changes that will apply to the 25 counties in the western part of the state that are under emergency orders because of the hurricane. These changes are mostly focused on voting by mail and polling place workers. They also allow county boards of elections to change Election Day voting locations and permit voters to drop off absentee ballots at any county board of election office by 7:30 p.m. on Election Day.

    Western North Carolina voters now also have until Nov. 4 to request a mail-in ballot, as opposed to the original deadline of Oct. 29.

    Overall, North Carolina Gov. Roy Cooper authorized US$5 million for the state’s board of elections in order to make it easier for western North Carolina residents to vote.

    What sort of legal issues, if any, do these changes open up?

    Disputes have already arisen about potential extension of the voter registration deadlines in states affected by Hurricanes Helene and Milton. Courts in Florida and Georgia have already declined emergency motions to extend the voter registration deadline.

    A South Carolina state court, in contrast, held in October that the deadline had to be extended for 10 additional days.

    Similar disputes are likely to arise over such election rules as photo identification requirements at polling places and the deadlines for requesting and returning absentee ballots.

    Occasionally, challenges also arise alleging that certain measures to address an emergency have gone too far.

    During the height of the pandemic, for example, the Trump presidential campaign filed lawsuits that unsuccessfully challenged state decisions to automatically mail absentee ballots to people registered to vote.

    A U.S. post offic, damaged by flooding from Hurricane Helen, is pictured on Oct. 3, 2024, in Marshall, N.C., showing one of the complications for people who planned to vote by mail.
    Mario Tama/Getty Images

    What are you most concerned about heading into the election?

    My biggest concern is that, particularly if the election is close, a losing candidate might attempt to use the hurricane as a way of trying to challenge the election results or call them into question.

    Courts will almost certainly reject that. Once the election has happened, a court generally will not set aside the results or order additional voting, even if voters faced substantial burdens and people think there is more that election officials could have done. This is especially true in the context of a presidential election, since the U.S. Constitution and federal law establish several important postelection deadlines involving the Electoral College.

    Some people already have unwarranted skepticism about the electoral process. It would be bad for our democracy if the recent hurricanes are exploited as a basis for refusing to accept the election’s results.

    Michael T. Morley is Sheila M. McDevitt Professor of Law at FSU College of Law. He serves as Faculty Director of the FSU Center for Election Law established by the Florida State Legislature and Vice Chair of the Florida Advisory Committee to the U.S. Commission for Civil Rights. He is a member of the National Task Force on Election Crises and Election Officials Legal Defense Network.

    ref. Florida and North Carolina are making it easier for people to vote after the hurricanes – but some risks remain – https://theconversation.com/florida-and-north-carolina-are-making-it-easier-for-people-to-vote-after-the-hurricanes-but-some-risks-remain-240961

    MIL OSI – Global Reports

  • MIL-OSI Global: Nebraska Democrats hope Omaha will be a ‘blue dot’ on the state’s red electoral map − and their lawn sign is a vibe

    Source: The Conversation – USA – By Christina Elizabeth Dando, Professor of Geography, University of Nebraska Omaha

    White signs emblazoned with a big blue dot are going up in yards across Omaha, Nebraska, in an unusual political statement of support for Democratic candidates.

    Nebraska splits its electoral votes, giving Omaha’s congressional district a single electoral vote out of the state’s total of five. If enough of Omaha’s metropolitan voters back Democratic presidential nominee Kamala Harris for president, Omaha will appear on the electoral map as a “blue dot” on a field of Republican red.

    With Harris running neck and neck with former President Donald Trump, the White House could come down to this one vote.

    Power of the dot

    Most U.S. states award all their electoral votes to the presidential candidate who wins the state’s election, no matter the margin of victory. Only Nebraska and Maine split their electoral votes.

    Nebraska awards one vote to each congressional district, plus two votes to the state’s overall winner. It began this practice in 1992 to draw more presidential campaigns to the state. Nebraska, as a whole, so predictably leans conservative that neither Republicans nor Democrats had bothered to campaign there.

    In the eight presidential elections since 1992, Omaha has turned blue only twice – in 2008 and 2020, backing Barack Obama and Joe Biden.

    Democratic voters hope to buck statewide trends again in 2024.

    The blue dot movement began in mid-August 2024 in Omaha’s Dundee neighborhood, when local residents Jason Brown and Ruth Huebner-Brown spray-painted a blue circle on a white sign and put it on their lawn as a conversation starter.

    One sign grew to 10, 100, 1,000, snowballing into a movement. Now blue dot signs can be found well beyond Omaha, even in other states. On Facebook and Reddit, people share where to find the signs and how to make your own.

    A simple blue dot on a white background has become a powerful political symbol – a reference to a map that does not have to be seen to be visualized. For Omahans in the know, the sign is a reminder of what the city’s place on the map might be come Nov. 5.

    For others, the enigmatic sign simply raises questions, creating opportunities for Omahans to discuss the importance of voting in Nebraska.

    Blue dot, black spot

    I am a professor of geography at the University of Nebraska Omaha.

    The sly way the blue dot sign refers to an election map without actually showing that map reminded me of my suffrage movement research.

    In the 1910s, women activists campaigning to get American women the vote used a map as part of their campaign. It depicted U.S. states that had passed suffrage in white and the rest in black – dark marks on the nation.

    The suffragists plastered their map across the country and sold it through the National Woman Suffrage Publishing Company. In newsletters and magazines, they shared how to make maps for rallies using easily accessible materials. The map became so familiar to the American public by 1912 that it was referred to in speeches and newspaper articles without the visual.

    At suffrage parades and pageants they formed “living suffrage maps,” with women dressed in white representing states with the vote and those in black representing states where they could not.

    As women’s suffrage momentum grew, spreading from western to eastern U.S. states, the map had ever-fewer black spots. In 1914, Nevada became the last western state to pass suffrage.

    “The suffrage map showing Nevada as the last ‘black spot’ in the West was printed in every newspaper and on every leaflet,” suffragists later wrote about their efforts. It was “put up in public places and on large banners hung in the streets.”

    With Nebraska’s blue dot signs, Omahans are fighting to keep their spot on the map, not erase it. They are an act of claiming space, making Democrats visible in a state so strongly associated with Republicans.

    On Oct. 20, 2024, in yet another echo of the women’s suffrage movement, they even created a “human blue dot” at a rally in a local park.

    A Republican red dot in Omaha.
    Christina Dando, CC BY

    Blue dot signs have inspired Republican countersigns.

    Two I’ve seen are a white sign depicting just an entirely red Nebraska, and a white sign with a large red dot with a golden wave on its top that resembles Trump’s hair.

    These red dot and red Nebraska signs are catching on, but not in the same way as blue dot signs have.

    Bye-bye, blue dot?

    Aware of Omaha’s sudden electoral importance, Republicans have begun trying to end Nebraska’s system of splitting its electoral votes.

    In April 2024, Trump and the conservative commentator Charlie Kirk called on state legislators to propose a bill changing the state to a winner-take-all system.

    Kirk described Nebraska as “being one of the most Republican states” and said the state’s electoral votes must “go towards electing the candidate the vast majority of Nebraskans prefer.”

    Many people reacted with fury, and the bill did not advance in Nebraska’s one-house state Legislature. That’s another of the state’s political quirks: Nebraska is the only state to have a state legislature without an upper and lower chamber of lawmakers.

    The system, called the unicameral, is officially partyless, meaning its 49 representatives are elected without their party on the ballot.

    The unicameral dates from 1937 when it was thought this less costly, nonpartisan system would be a more representative form of government. So is splitting the state’s electoral votes: Voters can feel more confident that their vote counts and that every vote counts.

    When South Carolina Republican U.S. Sen. Lindsey Graham visited Nebraska in September 2024, he pushed Gov. Jim Pillen, a fellow Republican, to implement a winner-take-all system for the 2024 election.

    Pillen said he would not call a special session of the unicameral unless he has the 33 votes needed to pass the change to the state’s electoral system. That appears unlikely to happen before November.

    Red + blue = purple?

    A winner-take-all approach to Electoral College votes has the effect of erasing nuance and difference on the map of America by painting states as entirely red or blue.

    No state has ever voted 100% Democrat or Republican. The country should be drawn in shades of purple.

    Nebraska has the misleading appearance of overwhelming redness because of its many Republican-leaning rural counties with low population density. Yet Nebraska’s registered voters are approximately two-thirds Republicans and one-third Democrats. Many registered Democrats live in cities such as Omaha and Lincoln.

    But they can be found throughout the state – just look for the blue dot.

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

    ref. Nebraska Democrats hope Omaha will be a ‘blue dot’ on the state’s red electoral map − and their lawn sign is a vibe – https://theconversation.com/nebraska-democrats-hope-omaha-will-be-a-blue-dot-on-the-states-red-electoral-map-and-their-lawn-sign-is-a-vibe-240528

    MIL OSI – Global Reports

  • MIL-OSI Global: How pollsters have adapted to changing technology and voters who don’t answer the phone

    Source: The Conversation – USA – By Spencer Kimball, Associate Professor of Communications, Director of Emerson College Polling, Emerson College

    Pollsters have developed a range of methods for selecting who is asked to answer poll questions. Guido Mieth/Moment via Getty Images

    As the U.S. presidential election approaches, news reports and social media feeds are increasingly filled with data from public opinion polls. How do pollsters know which candidate is ahead in what swing state or with which key demographic group? Or what issues are most important to as many as 264 million eligible voters across a vast country?

    In other words: How do pollsters do what they do?

    At Emerson College Polling, we lead a dynamic survey operation that, like many others, has continuously evolved to keep pace with shifting trends and technologies in survey research. At the inception of survey research – about 100 years ago – data was primarily collected through mail and in-person interviews. That’s not true nowadays, of course.

    In the early days of the survey industry, being asked to participate in a poll was novel, and response rates were high. Today, we’re bombarded with survey requests via email, text, online pop-ups, and phone calls from unknown numbers. With fewer landlines, busy parents juggling work and family, and younger adults who rarely answer calls, preferring text communication, it has become much harder to engage respondents. This shift in behavior reflects the evolving challenges of reaching diverse populations in modern survey research.

    The goal is to describe a diverse community with a variety of viewpoints.
    ferrantraite/E+ via Getty Images

    Evolution of data collection

    In the broadest possible terms, polls and surveys have two elements – choosing whom to contact, and reaching them in a way that’s likely to get a response. These elements are often intertwined.

    In the 1970s, after household telephones had become widespread in the U.S., survey operators adopted a random-sampling method called random digit dialing, in which the survey’s designers would choose the area codes they wanted to reach and live operators randomly dialed seven-digit phone numbers within that area code.

    By the 1990s, pollsters began moving away from random digit dialing, which was time-consuming and expensive because the random selection often picked phone numbers that were out of service or not useful for opinion surveys, such as businesses or government offices. Instead, pollsters began adopting registration-based sampling, in which public voter registration records were used to compile the lists from which respondents were randomly selected.

    The information in these and other associated public records, such as those detailing gender, age and educational attainment, allowed a refinement of random sampling called stratified sampling. That’s where the one big list was split into subgroups based on these different characteristics, such as party affiliation, voting frequency, gender, race or ethnicity, income or educational attainment.

    Survey-takers then chose randomly from among those subgroups in proportion to the population as a whole. So if 40% of the overall population have college degrees and 60% do not, a poll of 100 people would randomly select 40 people from the list of those with a college degree and 60 from the list of those without.

    Other advances in ways to reach respondents emerged late in the 20th century, such as interactive voice response, which did not require live operators. Instead, automated systems played recordings of the questions and registered the spoken responses. In 2000, internet-based polling also began to emerge, in which participants filled out online forms.

    From probability to nonprobability sampling

    Over the past two decades, the rise of cellphones, text messaging and online platforms has dramatically changed survey research. The traditional gold standard of using only live operator telephone polls has become nearly obsolete. Now that phones display who is calling, fewer people answer calls from unknown numbers, and fewer of them are willing to talk to a stranger about their personal views.

    Even the random sampling that was once standard has given way to a nonprobability sampling approach based on increasingly specific population proportions. So if 6% of a population are Black men with a certain level of education and a certain amount of household income, then a survey will strive to have 6% of its respondents match those characteristics.

    In quota sampling, participants may not be selected randomly but rather chosen as participants because they have specific demographic attributes. This method is less statistically rigorous and more prone to bias, though it may yield a representative sample with relative efficiency. By contrast, stratified sampling randomly selects participants within defined groups, reducing sampling error and providing more precise estimates of population characteristics.

    To help polling operations find potential respondents, political and marketing consulting firms have compiled voter information, including demographic data and contact details. At Emerson College Polling, we have access to a database of 273 million U.S. adults, with 123 million mobile numbers, 116 million email addresses and nearly 59 million landline numbers.

    A newer technique pollsters are using to reach respondents is something called river sampling, an online method in which individuals encounter a survey during their regular internet browsing and social media activity, often through an ad or pop-up. They complete a short screening questionnaire and are then invited to join a survey opt-in panel whose members will be asked to take future surveys.

    Databases compile large amounts of information about many U.S. voters.
    da-kuk/E+ via Getty Images

    Emerson College Polling methodology

    Our polling operation has used a range of approaches to reach the more than 162,000 people who have completed our polls so far this year in the United States.

    Unlike traditional pollsters, Emerson College Polling does not rely on live operator data collection outside of small-scale tests of new survey methods to evaluate and improve the effectiveness of different polling approaches.

    Instead, like most modern pollsters, we use a mix of approaches, including text-to-web surveys, interactive voice response on landlines, email outreach, and opt-in panels. This combination allows us to reach a broader, more representative audience, which is essential for accurate polling in today’s fragmented social and media landscape. This diverse population includes younger individuals who communicate through various platforms distinct from those used by older generations.

    When we contact the people in our stratified samples, we take into account differences between each communication method. For example, older people tend to answer landlines, while men and middle-aged people are more responsive to mobile text-to-web surveys. To reach underrepresented groups – such as adults ages 18 to 29 and Hispanic respondents – we use online databases that they have voluntarily signed up for, knowing they may be surveyed.

    We also use information about whom we sample and how to calculate the margin of error, which measures the precision of poll results. Larger sample sizes tend to be more representative of the overall population and therefore lead to a smaller margin of error.

    For instance, a poll of 400 respondents typically has a 4.9% margin of error, while increasing the sample size to 1,000 reduces it to 3%, offering more accurate insights.

    The goal, as ever, is to present to the public an accurate reflection of what the people as a whole think about candidates and issues.

    Spencer Kimball works for Emerson College Polling.

    Camille Mumford works for Emerson College Polling.

    Matt Taglia works for Emerson College Polling

    ref. How pollsters have adapted to changing technology and voters who don’t answer the phone – https://theconversation.com/how-pollsters-have-adapted-to-changing-technology-and-voters-who-dont-answer-the-phone-240283

    MIL OSI – Global Reports

  • MIL-OSI Global: Don’t panic reading ‘electoral process porn’: There are plenty of safeguards to make sure voters’ wishes are respected

    Source: The Conversation – USA – By Justin Levitt, Professor of Law, Loyola Law School Los Angeles

    Electoral process porn can make people think their vote will be stolen, so what’s the point of voting? Illustration: wildpixel/ iStock / Getty Images Plus

    You’ve probably seen them: alarming columns or stories with alarming headlines about how somebody is going to exploit an obscure provision in election law to undo the 2024 presidential election and toss it to the House of Representatives. Your vote won’t count, and democracy will go to hell.

    Election law scholar Justin Levitt throws cold water on those scenarios, and in an interview with Naomi Schalit, The Conversation’s senior editor for politics and democracy, he says the voters will decide the election, “flat out.”

    What’s “electoral process porn?”

    It’s a writing genre identifying a tactic or loophole that’s supposedly going to fundamentally change the election process – what I called “The Key to the Whole Thing This Time” in a Slate piece earlier this year – usually, by taking away everyone’s voting rights and magically delivering the election to one candidate. It’s a lurid, titillating take that depends on the fact that election law and process can sometimes seem impenetrable.

    What distinguishes this type of think piece from other reporting on the election process is tone and emphasis, rather than information. Just like not every sex scene in the movies needs an NC-17 label, not every piece about how elections work is going to be electoral process porn.

    Perhaps the worst part about electoral process porn is that it leaves readers with an unjustified feeling of helplessness, even the thought that voting might be pointless, if it’s all subject to this supposed hidden gimmick. It is dystopian fiction masquerading as analysis, feeding on people’s anxieties that a basic process of self-government might be taken out of their own hands.

    A selection of headlines trumpeting the ways the 2024 presidential election could be subverted.
    Mother Jones, Politico, USA Today

    Can you give me a few examples? I want the person who reads this to understand concretely what you’re talking about.

    Sure. One example fits the mold of the artful con: the heist movie or spy thriller that depends on knowing the particular procedural lever to deliver results, the MacGuffin nobody else can anticipate, making the person who’s the center of the thriller the smartest person in the room. It’s the story about an Electoral College feature in which an obscure part of the law, say subparagraph (ii)(B) of paragraph (1)(c) about delivering a particular piece of paper, secretly holds the spell to make millions of votes disappear. It depends on a wildly implausible sequence of events and a whiff of magical legalism, with a basic misunderstanding of what legal rules are for.

    Another example is the armchair detective mystery, with the promise that if you squint just right, you can find the clues that finally solve the big crime. This type of piece often centers on alleged voter fraud, making a legitimate loss feel more palatable by suggesting it’s theft instead. The thing is, these are usually murder mysteries with no dead bodies. People motivated to play detective will often find suspicious patterns in conduct that’s entirely lawful.

    A third version is a horror story, with jump scares at scale: tales of voter suppression predicting that evildoers will steal the election by preventing millions of legitimate voters from casting ballots that count.

    But there are practices and rules that can be obstacles to voting.

    There sure are. I’m a civil rights lawyer, so it’s worth noting that some election rules do make the process harder than it needs to be. Sometimes intentionally. Rules disenfranchising people with convictions offer a particularly stark version of that very real problem. We’ve got an obligation to keep making the election process better.

    But these electoral process porn articles often portray the system as an endless nightmare of procedural hurdles. That’s not reality for most of the electorate.

    Democrats and others have criticized Trump and his followers in the GOP for destroying confidence in our elections. Yet much of this kind of what you label “porn” comes from Democrats and progressives. Doesn’t this also diminish people’s confidence in the election’s integrity?

    Yes. And it diminishes people’s confidence in the power of their vote. I think it would be somewhat less harmful if it were paired with a message of empowerment, like, “Here is what people are trying to do to take power. But it’s not going to work. And you can ensure your voice counts by registering and casting your ballot.”

    A person drops off a mail-in ballot on Oct. 15, 2024, in Doylestown, Pa.
    Hannah Beier/Getty Images

    I don’t mean to shake my finger at writers who are trying to present information in a way that draws readers in. But the tone of these columns, and the degree to which they empower or discourage, matters. These process-porn pieces are at their worst when the voters are peripheral, when the articles say, “This is being done to you, and there’s really nothing you can do about it other than get angry and give us money.”

    We’re getting pretty close to Election Day, which is the culmination of the vote. Are there legitimate problems that voters should be aware of?

    There will be some bumps, sure. Until humans figure out how not to make mistakes, there will be issues that crop up. It’s a good thing that for most Americans, voting is a period of time, rather than a single day. That gives opportunities to catch and address the problems.

    The U.S. election process is remarkably robust. Everyone saw that in 2020, the most scrutinized election in the nation’s history, during the middle of a pandemic. The system was stress-tested in ways beyond anyone’s wildest imagination, and it responded remarkably well.

    There’s always work to improve the voting system – the Constitution reminds Americans to work toward a “more perfect union.” But the fact that we can and should do better should not shake people’s confidence in the integrity of the election results overall.

    The Electoral College means that a few thousand voters in a few swing states are going to decide the winner. It’s going to be up to those voters, flat out – who decides to cast a ballot and who they decide to vote for – not a deus ex machina. The election process is designed to tell us who we chose, not to determine the answer without us.




    Read more:
    Why Pennsylvania is the key to a Harris or Trump Electoral College victory


    Of course, it has happened that a presidential election came down to 537 votes in a single state – remember Florida in 2000. When it’s that close, everything matters. A butterfly ballot flaps its wings in one part of the country and the answer changes nationwide.

    But 537 votes is an anomaly. The elections of 2016 and 2020 were very close in the states that determined the Electoral College results – but still nowhere near Florida-in-2000 close.

    And because of all the fail-safes built into the system, even very close is something the election process can handle. I’m very confident that the voters are going to decide this election, not the lawyers or the courts.

    Electoral process porn is adult fiction. In the real world, it turns out “The Key To The Whole Thing This Time” isn’t a process quirk. It’s us.

    Professor Levitt served as the country’s first White House Senior Policy Advisor for Democracy and Voting Rights, from 2021-2022.

    ref. Don’t panic reading ‘electoral process porn’: There are plenty of safeguards to make sure voters’ wishes are respected – https://theconversation.com/dont-panic-reading-electoral-process-porn-there-are-plenty-of-safeguards-to-make-sure-voters-wishes-are-respected-241403

    MIL OSI – Global Reports

  • MIL-OSI Global: On Ukraine, candidate Trump touts his role as dealmaker while Harris sticks with unwavering support

    Source: The Conversation – USA – By Lena Surzhko Harned, Associate Teaching Professor of Political Science, Penn State

    Continued support from the White House for Ukraine could hinge on the presidential election. AP Photo/Manuel Balce Ceneta

    The U.S. presidential election isn’t drawing eyes only at home – Moscow and Kyiv are watching closely, too.

    Regardless of who wins in November, there will be significant implications for Ukraine as it continues to resist Russia in a war heading toward a fourth year.

    Washington’s continued support is seen by some as no less than an existential issue for Ukraine. Without U.S. arms and aid, it is unlikely that the nation would be able to continue repelling its larger, better-armed neighbor.

    During the presidential debate on Sept. 10, 2024, Democratic presidential nominee Kamala Harris and Republican contender Donald Trump had a chance to clarify their positions on Ukraine. Trump evaded ABC moderator David Muir’s question regarding the importance of Ukraine’s victory over Russia, twice. Instead, he repeated his long-standing line that he would achieve a negotiated peace quickly – even before taking office as president.

    At the same debate, Harris dismissed the idea of Trump negotiating with “a dictator who would eat you for lunch.” She instead emphasized the Biden policy to support Ukraine “as long as it takes” in concert with U.S. allies.

    But detail has been light on what either candidate would actually do to support Ukraine and end the war. So, what do we know about each candidate’s approach to Ukraine based on their records?

    Trump: A ‘very fair and rapid deal’?

    Since the start of Russia’s full-scale invasion of Ukraine in February 2022, Trump has repeatedly stated that ending the war is in the U.S.’s best interests and that he can end the war quickly. In fact, Trump is certain that had he remained president after the 2020 election, Russian President Vladimir Putin would not have invaded – an unsubstantiated claim he repeated during the Sept. 10 presidential debate.

    Trump has often reiterated that both Putin and Ukrainian counterpart Volodymyr Zelenskyy respect him, and he would be able to use his “good relationship” with both to bring them to the negotiating table and end the war.

    Yet, Trump’s record on his relationships with Zelenskyy and Putin is rather complicated.

    Trump’s admiration for Putin is well documented and dates back to his first presidential run in 2016, sparking numerous investigations and reports of collusion. Most recently, Bob Woodward reported that Trump secretly sent COVID-19 tests to Putin in the midst of a pandemic shortage, a claim confirmed by the Kremlin.

    Trump’s relationship with Zelenskyy is similarly laden with baggage. A 2019 phone call between the two men, during which Trump pressured Ukraine’s president to open a criminal investigation into Joe Biden, led to Trump’s impeachment. In exchange, Ukraine would have received continued U.S. support for the country’s defense against Russia, which had been waging a proxy war in eastern regions of Ukraine since 2014. During the subsequent hearings in Congress, one of Trump’s aids testified that “Trump did not give a sh*t about Ukraine” and was only interested in his own political gains.

    Standing next to Zelenskyy during a meeting at the Trump Tower on Sept. 27, 2024 – their first meeting since Sept. 25, 2019 – Trump said he was sure that both Zelenskyy and Putin are interested in peace and that a “very fair” and “rapid” deal is possible.

    When asked what that deal might entail, Trump responded that it’s “too early” to discuss details and that both he and Zelenskyy have “their own ideas.”

    While the Republican candidate has not been explicit on the details of negotiations or possible conditions, some of his proxies have voiced proposals. Trump’s vice presidential pick, JD Vance, has laid out a plan that includes potential land concessions on the part of Ukraine and the creation of a demilitarized zone along the battle lines of the Russian-occupied territory of eastern Ukraine.

    Meanwhile, Trump’s son Donald Jr. co-authored a piece with former presidential candidate turned Trump ally Robert F Kennedy Jr., arguing that a concession to Russian demands for “Ukrainian neutrality and a halt to NATO’s eastward expansion” were reasonable to avoid a nuclear game of chicken. Although these have not been echoed in Trump’s own statements on Ukraine, both men have the ear of the Republican candidate.

    These plans have been criticized as closely resembling those of the Kremlin. Prior to meeting with Trump in New York, Zelenskyy had also criticized Vance’s plan and expressed doubts that Trump and his team really know how to end the war.

    Harris: ‘Strategic interest, not charity’

    Harris has been harshly critical of Trump’s approach to Ukraine. “They are not proposals for peace,” Harris said in response to suggestions that Ukraine cede territory for peace. “Instead they are proposals for surrender,” she added.

    Such views are in line with Harris’ record. As part of the Biden administration, Harris has given vocal support to Ukraine’s fight for political sovereignty and territorial integrity.

    At the onset of the full-scale invasion in early 2022, Harris traveled to Europe to help shore up a coalition of European allies to support Ukraine.

    As vice president, Harris has repeatedly condemned Russian war crimes in Ukraine. In February 2023, while attending the annual Munich Security Conference in Germany, she announced that the U.S. has determined that Russian actions in Ukraine amounted to “crimes against humanity,” affirming U.S. commitment to the international rule of law.

    Along with continued support, the U.S. has provided substantial aid for Ukraine, totaling US$61.3 billion in military aid since the start of the full-scale invasion in 2022.

    The Biden administration also has said that rising costs and keeping pressure on Russia through sanctions are important mechanisms to keep Moscow accountable. Harris reiterated this need to maintain sanctions and broad coalition support for Ukraine at the Munich Security Conference in February 2024 and again in June at the peace summit organized by Ukraine in Switzerland.

    As a presidential candidate, Harris has openly signaled her commitment to supporting Kyiv – not only for Ukraine survival but for the collective security of NATO allies and the U.S. itself. Harris emphasized this point in the September debate, suggesting that Ukraine was not Putin’s final stop and that he has “his eyes on the rest of Europe, starting with Poland.”

    Standing next to Zelenskyy in Washington on Sept. 26, 2024, Harris reiterated the point: “The United States supports Ukraine not out of charity, but because it’s in our strategic interest.”

    Yet, White House policy on Ukraine has been criticized for being slow and hesitant in supplying weaponry. The U.S. has imposed rules on the use of heavy weaponry against targets inside Russia. Furthermore, the U.S. has so far been reticent on Ukraine’s invitation to join NATO, which is seen as crucial for any lasting peace in Kyiv. How Harris’ White House would differ from Biden’s on these issues is not clear.

    Beyond the candidates

    Since the start of the full-scale invasion in 2022, the U.S. Congress has passed five bills that provide aid to Ukraine, totaling US$175 billion.

    However, a six-month delay in aid in early 2024 highlighted growing partisan tension in Congress over continued aid to Ukraine.

    The composition of Congress after the November election is another unknown factor in Washington’s support for Ukraine. Zelenskyy met with congressional leaders during his visit to the U.S. in September, but notably absent was Republican House Speaker Mike Johnson, who in the past has shown reluctance to support continued funding.

    For the large part, support for Ukraine remains bipartisan in Congress and among American voters. Yet there is a risk the election could further politicize the issue. And the outcome of November’s vote could determine whether U.S. efforts going forward focus more on pushing for a negotiated deal or on-going support for Ukraine.

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

    ref. On Ukraine, candidate Trump touts his role as dealmaker while Harris sticks with unwavering support – https://theconversation.com/on-ukraine-candidate-trump-touts-his-role-as-dealmaker-while-harris-sticks-with-unwavering-support-237534

    MIL OSI – Global Reports

  • MIL-OSI Global: Women are at a higher risk of dying from heart disease − in part because doctors don’t take major sex and gender differences into account

    Source: The Conversation – USA – By Amy Huebschmann, Professor of Medicine, University of Colorado Anschutz Medical Campus

    Rates of heart disease and cardiac events in women are often underestimated. eternalcreative/iStock via Getty Images

    A simple difference in the genetic code – two X chromosomes versus one X chromosome and one Y chromosome – can lead to major differences in heart disease. It turns out that these genetic differences influence more than just sex organs and sex assigned at birth – they fundamentally alter the way cardiovascular disease develops and presents.

    While sex influences the mechanisms behind how cardiovascular disease develops, gender plays a role in how health care providers recognize and manage it. Sex refers to biological characteristics such as genetics, hormones, anatomy and physiology, while gender refers to social, psychological and cultural constructs. Women are more likely to die after a first heart attack or stroke than men. Women are also more likely to have additional or different heart attack symptoms that go beyond chest pain, such as nausea, jaw pain, dizziness and fatigue. It is often difficult to fully disentangle the influences of sex on cardiovascular disease outcomes versus the influences of gender.

    While women who haven’t entered menopause have a lower risk of cardiovascular disease than men, their cardiovascular risk accelerates dramatically after menopause. In addition, if a woman has Type 2 diabetes, her risk of heart attack accelerates to be equivalent to that of men, even if the woman with diabetes has not yet gone through menopause. Further data is needed to better understand differences in cardiovascular disease risk among nonbinary and transgender patients.

    Despite these differences, one key thing is the same: Heart attack, stroke and other forms of cardiovascular disease are the leading cause of death for all people, regardless of sex or gender.

    We are researchers who study women’s health and the way cardiovascular disease develops and presents differently in women and men. Our work has identified a crucial need to update medical guidelines with more sex-specific approaches to diagnosis and treatment in order to improve health outcomes for all.

    Gender differences in heart disease

    The reasons behind sex and gender differences in cardiovascular disease are not completely known. Nor are the distinct biological effects of sex, such as hormonal and genetic factors, versus gender, such as social, cultural and psychological factors, clearly differentiated.

    What researchers do know is that the accumulated evidence of what good heart care should look like for women compared with men has as many holes in it as Swiss cheese. Medical evidence for treating cardiovascular disease often comes from trials that excluded women, since women for the most part weren’t included in scientific research until the NIH Revitalization Act of 1993. For example, current guidelines to treat cardiovascular risk factors such as high blood pressure are based primarily on data from men. This is despite evidence that differences in the way that cardiovascular disease develops leads women to experience cardiovascular disease differently.

    Gender biases in health care influence the kind of tests and attention that women receive.
    FG Trade Latin/E+ via Getty Images

    In addition to sex differences, implicit gender biases among providers and gendered social norms among patients lead clinicians to underestimate the risk of cardiac events in women compared with men. These biases play a role in why women are more likely than men to die from cardiac events. For example, for patients with symptoms that are borderline for cardiovascular disease, clinicians tend to be more aggressive in ordering artery imaging for men than for women. One study linked this tendency to order less aggressive tests for women partly to a gender bias that men are more open than women to taking risks.

    In a study of about 3,000 patients with a recent heart attack, women were less likely than men to think that their heart attack symptoms were due to a heart condition. Additionally, most women do not know that cardiovascular disease is the No. 1 cause of death among women. Overall, women’s misperceptions of their own risk may hold them back from getting a doctor to check out possible symptoms of a heart attack or stroke.

    These issues are further exacerbated for women of color. Lack of access to health care and additional challenges drive health disparities among underrepresented racial and ethnic minority populations.

    Sex difference in heart disease

    Cardiovascular disease physically looks different for women and men, specifically in the plaque buildup on artery walls that contributes to illness.

    Women have fewer cholesterol crystals and fewer calcium deposits in their artery plaque than men do. Physiological differences in the smallest blood vessels feeding the heart also play a role in cardiovascular outcomes.

    Women are more likely than men to have cardiovascular disease that presents as multiple narrowed arteries that are not fully “clogged,” resulting in chest pain because blood flow can’t ratchet up enough to meet higher oxygen demands with exercise, much like a low-flow showerhead. When chest pain presents in this way, doctors call this condition ischemia and no obstructive coronary arteries. In comparison, men are more likely to have a “clogged” artery in a concentrated area that can be opened up with a stent or with cardiac bypass surgery. Options for multiple narrowed arteries have lagged behind treatment options for typical “clogged” arteries, which puts women at a disadvantage.

    In addition, in the early stages of a heart attack, the levels of blood markers that indicate damage to the heart are lower in women than in men. This can lead to more missed diagnoses of coronary artery disease in women compared with men.

    The reasons for these differences are not fully clear. Some potential factors include differences in artery plaque composition that make men’s plaque more likely to rupture or burst and women’s plaque more likely to erode. Women also have lower heart mass and smaller arteries than men even after taking body size into consideration.

    Reducing sex disparities

    Too often, women with symptoms of cardiovascular disease are sent away from doctor’s offices because of gender biases that “women don’t get heart disease.”

    Considering how symptoms of cardiovascular disease vary by sex and gender could help doctors better care for all patients.

    One way that the rubber is meeting the road is with regard to better approaches to diagnosing heart attacks for women and men. Specifically, when diagnosing heart attacks, using sex-specific cutoffs for blood tests that measure heart damage – called high-sensitivity troponin tests – can improve their accuracy, decreasing missed diagnoses, or false negatives, in women while also decreasing overdiagnoses, or false positives, in men.

    Our research laboratory’s leaders,collaborators and other internationally recognized research colleagues – some of whom partner with our Ludeman Family Center for Women’s Health Research on the University of Colorado Anschutz Medical Campus – will continue this important work to close this gap between the sexes in health care. Research in this field is critical to shine a light on ways clinicians can better address sex-specific symptoms and to bring forward more tailored treatments.

    The Biden administration’s recent executive order to advance women’s health research is paving the way for research to go beyond just understanding what causes sex differences in cardiovascular disease. Developing and testing right-sized approaches to care for each patient can help achieve better health for all.

    Amy Huebschmann receives funding from the National Institutes of Health, the National Heart Lung Blood Institute, the National Cancer Institute, the National Institute of Diabetes and Digestive and Kidney Diseases, the United States Health Resources and Services Administration and the University of Colorado Anschutz Medical Campus.The opinions expressed in this article are the author’s own and do not reflect the view of the National Institutes of Health, the Department of Health and Human Services, or the United States government.

    Judith Regensteiner receives funding from the National Institutes of Health focused on sex differences in the cardiovascular consequences of type 2 diabetes. She also has a mentoring grant from the NIH.

    ref. Women are at a higher risk of dying from heart disease − in part because doctors don’t take major sex and gender differences into account – https://theconversation.com/women-are-at-a-higher-risk-of-dying-from-heart-disease-in-part-because-doctors-dont-take-major-sex-and-gender-differences-into-account-233861

    MIL OSI – Global Reports

  • MIL-OSI Global: Colonialism’s legacy has left Caribbean nations much more vulnerable to hurricanes

    Source: The Conversation – USA – By Farah Nibbs, Assistant Professor of Emergency and Disaster Health Systems, University of Maryland, Baltimore County

    Hillside streets can quickly become muddy rivers during hurricane rains in the islands. Estailove St-Val/AFP via Getty Images

    Long before colonialism brought slavery to the Caribbean, the native islanders saw hurricanes and storms as part of the normal cycle of life.

    The Taino of the Greater Antilles and the Kalinago, or Caribs, of the Lesser Antilles developed systems that enabled them to live with storms and limit their exposure to damage.

    On the larger islands, such as Jamaica and Cuba, the Taino practiced crop selection with storms in mind, preferring to plant root crops such as cassava or yucca with high resistance to damage from hurricane and storm winds, as Stuart Schwartz describes in his 2016 book “Sea of Storms.”

    The Kalinago avoided building their settlements along the coast to limit storm surges and wind damage. The Calusa of southwest Florida used trees as windbreaks against storm winds.

    In fact, it was the Kalinago and Taino who first taught the Europeans – primarily the British, Dutch, French and Spanish – about hurricanes and storms. Even the word ‘hurricane’ comes from Huracán, a Taino and Mayan word denoting the god of wind.

    But then colonialism changed everything.

    A French advertising card from around 1900 depicts colonial power in Guadeloupe, with a trader sitting comfortably among sacks of cotton, cocoa and coffee while islanders work in the field.
    Universal History Archive/Universal Images Group via Getty Images

    I study natural disasters in the Caribbean, including how history molded responses to disasters today.

    The current disaster crisis that the Caribbean’s small islands are experiencing as hurricanes intensify did not start a few decades ago. Rather, the islands’ vulnerability is a direct result of the exploitative systems forced upon the region by colonialism, its legacies of slave-based land policies and ill-suited construction and development practices, and its environmental injustices.

    Forcing people into harm’s way

    The colonial powers changed how Caribbean people interacted with the land, where they lived and how they recovered from natural hazard events.

    Rather than growing crops that could sustain the local food supply, the Europeans who began arriving in the 1600s focused on exploitative extractive economic models and export cash crops through the plantation economy.

    They forced Indigenous people off their lands and built settlements along the coast, which made it easier to import enslaved peoples and goods and to export cash crops such as sugar and tobacco to Europe – and also left communities vulnerable to storms. They also developed settlements in low-lying areas, often near rivers and streams, which could provide transportation for agricultural produce but which became flood risks during heavy rains.

    Homes built to the water’s edge in Saint-Martin, an overseas collectivity of France, were devastated when Hurricane Irma hit in 2017.
    Helene Valenzuela/AFP via Getty Images

    Today, more than 70% of the Caribbean’s population lives along the coast, often less than a mile from the shore. These coastlines are not only highly exposed to hurricanes but also to sea-level rise fueled by climate change.

    Legacies of slave-based land policies

    Colonialism’s legacy of land policies has also made recovery from disasters much harder today.

    When colonial powers took over, a few landowners were given control of most of the land, while the majority of the population was forced onto marginal and small areas. The local population had no legal right to the land, as the people did not possess land certificate titles or deeds and were often forced to pay rent to landlords.

    After independence, most island governments tried to acquire land from former plantations or estates and to redistribute it to the working class. But these efforts, mainly in the 1960s and ’70s, largely failed to transform land ownership, improve economic development or reduce vulnerability.

    One colonial legacy perpetuating vulnerability to this day is known as crown land, or state land. In the English-speaking Caribbean, all land for which there was no land grant was considered property of the British crown. Crown land can be found in every English-speaking island to this day.

    How colonial powers controlled the Caribbean over time.

    For example, in Barbuda, all land is vested in the “crown in perpetuity” on behalf of Barbudans. This means that an individual born on the island of Barbuda cannot individually own land.

    Instead, land is communally owned, which limits access to the credit and development opportunities that were sorely needed to reconstruct the island after Hurricane Maria in 2017. Most Barbudans were unable to insure their homes because they had no title deeds to their property.

    This and other collective land tenure systems created by colonialism places Caribbean residents at greater risk from a variety of natural hazards and limits their ability to seek financial credit for disaster recovery today.

    The roots of poor construction

    Vulnerability to disasters in the Caribbean also has roots in post-slavery housing construction and subsequent failures to institute proper building codes.

    After emancipation from slavery, freed people had no right nor access to land. To build houses, they were forced to lease land from the former enslavers who at a whim could terminate their employment or kick them off the land.

    This led to the development of a particular type of housing structure known as chattel houses in countries such as Barbados. These houses are tiny and were constructed in a way in which they could be easily taken apart and loaded onto carts, should the residents be forced out by their former enslavers. Many Bajans still live in these houses today, although quite a few have been converted to restaurants or shops.

    Chattel houses are still used as homes in Barbados.
    Shardalow via Wikimedia, CC BY

    In Aruba, Bonaire and Curaçao, owned by the Dutch, slave huts were built along the coast, on land not suitable for agriculture and easily damaged by storms. These former slave huts are now tourist attractions, but the colonial patterns of settling along the coast has left many coastal communities exposed to hurricane damage and rising seas.

    The vulnerability of such houses is not only a result of their exposure to natural hazards but also the underlying social structures.

    Slave huts were built on the coast in Bonaire, where they were vulnerable to storm surge.
    Leslie Ket via Wikimedia, CC BY-SA

    In many islands today, poorer residents can’t afford protective measures, such as installing storm shutters or purchasing solar-powered generators.

    They often live in marginal and disaster-prone areas, such as steep hillsides, where housing tends to be cheaper. Houses in these areas are also often poorly constructed with low-grade materials, such as galvanized sheeting for roofs and walls.

    This situation is made worse by the informal and unregulated nature of residential housing construction in the region and the poor enforcement of building codes.

    Due to the legacy of colonialism, most housing or building standards or codes in the Commonwealth Caribbean are relics from the United Kingdom and in the French Antilles from France. Building standards across the region lack uniformity and are generally subjective and uncontrolled. Financial limitations and staffing constraints mean that codes and standards more often than not remain unenforced.

    Progress, but still a lot of work to do

    The Caribbean has made progress in developing wind-related building codes to try to increase resilience in recent years. And while damage from torrential rain is still not properly addressed in most Caribbean building standards, scientific guidance is available through the Caribbean Institute for Meteorology and Hydrology in Barbados.

    Individual islands, including Dominica and Saint Lucia, have new minimum building standards for recovery after disasters. The island of Grenada is hoping to guide new construction as it recovers from Hurricane Beryl. Trinidad and Tobago has developed a national land use strategy but has struggled to use it.

    Construction standards can help the islands build resilience. But work remains to be done to overcome the legacy of colonial-era land policies and development that have left island towns vulnerable to increasing storm risks.

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

    ref. Colonialism’s legacy has left Caribbean nations much more vulnerable to hurricanes – https://theconversation.com/colonialisms-legacy-has-left-caribbean-nations-much-more-vulnerable-to-hurricanes-231913

    MIL OSI – Global Reports

  • MIL-OSI Europe: ASIA/BANGLADESH – Archbishop of Dacca: “We have faith in the work of the interim government”

    Source: Agenzia Fides – MIL OSI

    Dhaka (Agenzia Fides) – “The interim government in power in Bangladesh is doing its best, working against corruption and for transparency. The executive, led by Mohammad Yunus, is made up of people who seem sincerely committed to the good of society,” said the Archbishop of Dhaka, Bejoy D’Cruze, OMI, to Fides about the present and future of the South Asian country where a student uprising between July and August 2024 led to the resignation of former Prime Minister Sheikh Hasina, who fled to India. “The interim government gave itself about two years to carry out the necessary reforms in the country, listening to the representatives of the student movement, civil society, political movements and religious communities,” he reports. “I met Yunus and he assured me that he is committed to respecting the rights of all, including those of religious minorities such as Hindus and Christians,” D’Cruze continued. Meanwhile, Yunus announced the establishment of six commissions to deal with reforms in as many areas as possible: electoral system, police, judiciary, anti-corruption, public administration and the constitution. “The issues on the agenda are diverse and challenging, and we need time to take the right steps. I believe that the Bangladeshi people must now be patient and confident. It is important that democracy is always protected, that the rights of religious and ethnic minorities are guaranteed, that the secularity of the state is not abandoned and that the rule of law is always respected and promoted,” the archbishop hopes. Meanwhile, Bangladesh’s International Crimes Tribunal (ICT) has in recent days begun trials for crimes against humanity committed during anti-government protests in July and August, issuing arrest warrants for former Prime Minister Sheikh Hasina and 45 others, including several prominent members of the Awami League, Hasina’s party. The new government reinstated the court and appointed judges who have examined more than 60 complaints of crimes against humanity and genocide. Former Prime Minister Hasina is implicated in over 200 investigations for murders, attempted murders, kidnappings and other crimes. Recalling the days of protests, the archbishop said: “In truth, no one expected such a major turnaround. The former prime minister had ruled for three terms and was accused of political manipulation, corruption and lack of transparency. Her government was then harsh towards any political opposition and restricted freedom of opinion, conscience and speech. After initial protests, the police responded with strong violence, which further inflamed tempers and increased the scale of the revolt, which ultimately led to the fall of the government,” the Archbishop notes. “It was a shock for many, but it must be said that the country needed a change. Now we are trying to build a just and peaceful future. It is true that we are in a transitional phase of uncertainty, that the protests have not yet completely subsided and that there have been some problems, for example for the Hindu communities, which have suffered unfounded aggression. There is a fear that radical Islamist groups could seize the opportunity and recruit new followers. As Bangladeshi Catholics, we have confidence and hope in the good work and goodwill of the Yunus government, which we hope will lead the country into a new historic phase of stability, justice and prosperity,” Archbishop D’Cruze concludes. (PA) (Agenzia Fides, 22/10/2024)
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    MIL OSI Europe News

  • MIL-OSI Europe: Two years of the Meloni Government, two years of achievements and milestones for Italy

    Source: Government of Italy (English)

    On 22 October 2022, President of the Council of Ministers Giorgia Meloni, Vice-Presidents Antonio Tajani and Matteo Salvini and the Government Ministers were sworn in by the President of the Republic.

    On 22 October 2024, the Meloni Government, the first in Italy’s history to be headed by a woman, turns two years old and has become the seventh longest-serving Government of the Italian Republic.

    The document attached provides a summary of the key figures and most significant measures that have been approved and launched since the Government first took office, made possible by the Government’s teamwork with the precious support of the State administration system.

    The principle guiding the Government’s work is adherence to and timely implementation of the joint programme which the centre-right coalition presented to the Italian people, winning their trust at the general election on 25 September 2022.

    This programme has enabled Italy to regain a key leading role at international level, to boost economic growth and employment, to launch long-awaited reforms, to protect the industrial and productive fabric from the impact of high energy costs and the consequences of the current geopolitical crises, to safeguard public finances, and to defend the purchasing power of households, particularly those with children and the most vulnerable.

    Over the course of its legislative term, the Government will continue working to consolidate its achievements and to fully deliver on the commitments made to citizens in its programme.

    MIL OSI Europe News

  • MIL-OSI Canada: Marie-Philippe Bouchard to become the next President and CEO of CBC/Radio-Canada

    Source: Government of Canada News

    Minister St-Onge announces the appointment of Marie-Philippe Bouchard as President and CEO of CBC/Radio-Canada

    GATINEAU, October 22, 2024

    Since its inception in 1936, CBC/Radio-Canada has been and continues to be a vital institution for Canadians. From sharing local and diverse stories to providing accessible and reliable information, Canada’s public broadcaster plays a central role in strengthening Canadian culture and democracy.

    The Honourable Pascale St-Onge, Minister of Canadian Heritage, today announced the appointment of Marie‑Philippe Bouchard as the next President and CEO of CBC/Radio-Canada for a five-year term, effective January 3, 2025. This appointment is the result of a rigorous, open, transparent and merit-based selection process led by the Independent Advisory Committee for Appointments to the CBC/Radio-Canada Board of Directors convened in March 2024.

    Ms. Bouchard has served as President and CEO of TV5 Québec Canada since February 2016. She has been responsible for managing all aspects of the TV5 Unis channels and platforms, a leader in public broadcasting, serving Francophone audiences across the country. She has also presided over TV5 Numérique, TV5MONDE’s partner in establishing the international French-language platform TV5MONDEPlus, since September 2019.

    Prior to joining TV5 Québec Canada, Ms. Bouchard held key management and senior executive positions at CBC/Radio-Canada in legal services, strategic planning and regulatory affairs, information and digital services, and music. A member of the Québec Bar since 1985, she holds a master’s degree in public law from the Université de Montréal. She also sits on a number of boards, including the Festival international de Lanaudière, and chairs the management board of the Université de Montréal’s Centre for Research in Public Law.

    Ms. Bouchard is fluently bilingual and the first Francophone woman to serve as President and CEO of Canada’s national public broadcaster, bringing a deep understanding and experience in the unique value of public service media and public broadcasting in Canada.

    “Marie-Philippe Bouchard is a talented, strong public broadcasting leader with a proven record of transformation. As the next President and CEO of CBC/Radio-Canada, she brings a wealth of experience to this pivotal time for our cultural and information ecosystem, as well as a solid background in organizational culture and change leadership. In a critical time of modernization, I am confident that Ms. Bouchard will provide a steady hand and be a positive guiding force for Canada’s national public service media now and into the future. I want to thank the Independent Advisory Committee, which played a crucial role in this process. I would also like to thank Catherine Tait for her work and passion for CBC/Radio-Canada as a vibrant, creative and inclusive force during her tenure as President and CEO.”

    —The Honourable Pascale St-Onge, Minister of Canadian Heritage

    “Public service media all around the world serve as a precious public asset. As society changes at a fast pace, so must our public broadcaster, continuing to build trust in order to remain relevant to all Canadians. With my experience serving audiences both at TV5/Unis TV and CBC/Radio-Canada, I look forward to this challenge and to working together with all Canadians, including the CBC/Radio-Canada team, Canadian content creators and other partners, to chart the path forward. Our national public broadcaster brings us and our understanding of one another closer together despite massive distance. CBC/Radio-Canada is our place for discovering and sharing stories that embody Francophone, Anglophone and Indigenous cultures, on a range of innovative platforms. Our national broadcaster provides us with trustworthy news and information, highlights our creativity and offers us perspectives that enrich our lives, right here in this place we call home.”

    —Marie-Philippe Bouchard, next President and CEO of CBC/Radio-Canada

    MIL OSI Canada News

  • MIL-OSI Africa: Empowering Türkiye’s Energy Sector: The Islamic Corporation for the Development of the Private Sector (ICD) And SAMPA Sign Eur 15 Million Term Sheet

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

    For further details, please contact:Nabil El-Alami
    Communications & Corporate Marketing Division Manager
    nalami@isdb.orgSampa, a leading manufacturer of heavy-duty vehicle parts based in Türkiye, has transformed from a small workshop into a globally recognized industry leader. With a robust global presence across multiple industries, the company is dedicated to innovation, sustainability, and promoting equal opportunities within its workforce. Through strategic expansion, Sampa has established a foothold in key markets across Europe, Asia, and the Americas.The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and a member of the Islamic Development Bank (IsDB) Group. Established in November 1999, ICD supports the economic development of its member countries through financing private sector projects, promoting competition and entrepreneurship, providing advisory services to governments and private companies, and encouraging cross-border investments. ICD is rated by international credit agencies, including A2 by Moody’s, A+ by Fitch, and A- by S&P.

    ICD aims to complement the activities of IsDB and national financing institutions in member countries by focusing on private sector institutions across various activities and operations in full compliance with the principles of Islamic Shari’ah. The organization focuses its financing on development projects such as infrastructure and private equity funds that aim to create job opportunities and encourage exports. For more information, please visit: http://www.ICD-PS.org.

    MIL OSI Africa

  • MIL-OSI Economics: [User Guide] Unlock New Possibilities With Galaxy Tab S10 Ultra

    Source: Samsung

     
    The Galaxy Tab series serves as a versatile companion to professionals who prioritize work-life balance, supporting both work and leisure. The lightweight, portable design maximizes productivity with powerful multitasking capabilities during the workday — while the rich selection of entertainment and streaming features elevates relaxation after work.
     
    The Galaxy Tab S10 Ultra is Samsung Electronics’ first AI-powered tablet and latest premium offering. Through various features optimized for a larger screen, the device has garnered enthusiastic responses from Galaxy fans and set a new standard for next-generation tablets. Samsung Newsroom explored how the Galaxy Tab S10 Ultra can support modern individuals as they pursue balance in their work and personal lives.
     

     
     
    Unleashing the Power of AI on an Ultra-Large Screen
    The Galaxy Tab S10 Ultra boasts the largest screen in the Galaxy Tab series so far — and with the integration of Galaxy AI, the device has become even more capable. Designed to be a dependable tool for professionals who frequently handle extensive documents and search for various resources online, the Galaxy Tab S10 Ultra is poised to significantly enhance work efficiency.
     
    ▲ (From left) The Galaxy Tab S10 Ultra and Circle to Search
     
    When viewed vertically, the huge 14.6-inch screen allows users to read large amounts of text without the need to scroll through multiple pages. The screen can be divided into three sections to create a multitasking environment that improves productivity and adapts to individual workflows.
     
    Circle to Search, a feature that enables instant searches with a simple gesture, becomes even more powerful with the Galaxy Tab S10 Ultra. Streamlined for the massive screen, this intuitive image-based search can display more results and information than before.
     

    ▲ Press and hold the Home button, then tap Translate to instantly translate comments on social media.
     

    ▲ Translation
     
    Furthermore, the large screen proves invaluable when viewing resources on social media or PDF documents in foreign languages. With a press of the Galaxy AI button, PDF files are translated in real time. The Translation feature allows users to absorb information quickly and efficiently.
     
     
    Making Meetings Smarter From Note-Taking to Minute-Taking
    Meetings are an integral part of work, but lengthy sessions can make keeping track of information and conversations difficult. The Galaxy Tab S10 Ultra offers a smarter way to participate in meetings and stay organized with features designed for efficient note- and minute-taking.
     
    ▲ Note Assist
     
    Note Assist is handy for meetings since the feature records users’ voices and automatically transcribes the content. AI technology will summarize meetings and provide translations if necessary, allowing users to focus entirely on the discussions at hand. What’s more, Galaxy AI assists in taking minutes — significantly reducing the time required for post-meeting tasks.
     

    ▲ Handwriting mode
     
    The benefits of the Galaxy Tab S10 Ultra continue even after meetings end. The tablet’s large screen provides a comprehensive view of the conversation’s flow, ensuring that key points can be reviewed without missing any details. When jotting down notes in a hurry, users need not worry about messy handwriting. Handwriting mode enhances the legibility of scribbles by leveling text, aligning lines, adjusting word spacing and more. Now, users can keep their notes neat and organized to make reviews a breeze.
     
     
    Working Without Boundaries Anytime, Anywhere
    ▲ More portable than ever, the Galaxy Tab S10 Ultra can serve as a secondary monitor for a laptop.
     
    Although the Galaxy Tab S10 Ultra has the largest ever screen in the Galaxy Tab series, the device remains comfortably portable with a sleek 5.4-mm thickness and lighter weight when compared to its predecessor. Perfect for different working styles, the tablet can be taken anywhere — whether that’s home, a café or a coworking space.
     
    For those with a laptop, the Galaxy Tab S10 Ultra’s Second screen feature is a game-changer. By connecting the tablet to a laptop, users can extend or duplicate their screen to enhance productivity and multitask on a larger workspace.
     
    ▲ The Book Cover Keyboard with the AI Assistant key allows the Galaxy Tab S10 Ultra to be used like a laptop.
     
    Equipped with a Book Cover Keyboard and Bluetooth mouse, the Galaxy Tab S10 Ultra works just like a laptop. Both the Book Cover Keyboard and Book Cover Keyboard Slim accessories include a dedicated key for instant access to AI Assistant. With a single tap, users can work smarter and more efficiently.
     

     
    The Galaxy Tab S10 Ultra takes after-work leisure to the next level by elevating creativity, enhancing entertainment and enriching enjoyment of life’s simple pleasures.
     
     
    Transform Sketches Into Masterpieces With S Pen

    ▲ Sketch to Image with the S Pen
     
    True to its title as an AI tablet, the Galaxy Tab S10 Ultra’s S Pen also leverages AI. By simply picking up the S Pen and pressing the pen-shaped icon on the right side of the screen, users can activate Air Command for a range of AI capabilities. Sketch to Image automatically transforms simple sketches into high-quality images through AI recognition. These images can then be rendered into various styles — including watercolor, illustration, pop art and 3D cartoon — making it easy for anyone to create art. The tablet’s large screen further enhances this experience, providing a spacious digital canvas for unleashing creativity.
     
     
    Playing Immersive Games With Uninterrupted Performance
    
    ▲ The Galaxy Tab S10 Ultra offers smooth gameplay for even the most demanding games.
     
    The Galaxy Tab S10 Ultra handles demanding, high-performance mobile games by leveraging the advanced cooling system to prevent the tablet from overheating, even during extended gaming sessions.
     
     
    Maximizing Immersion for Unparalleled Viewing Experiences

     
    The Galaxy Tab S10 Ultra’s 14.6-inch screen provides an immersive experience for both video watching and gaming. The Dynamic AMOLED 2X display delivers accurate colors and crisp, high-definition images as the 120Hz refresh rate supports smoother transitions. While the anti-reflection screen minimizes glare, Vision Booster adjusts the display based on external brightness for more comfortable viewing.
     
    ▲ Go to Sound quality and effects in Settings and select Dialogue Boost
     
    Notably, the Galaxy Tab S10 Ultra’s Dialogue Boost uses AI technology to analyze voices and isolate conversational speech for enhanced clarity when watching content on YouTube or streaming platforms. To activate this feature, select Sound quality and effects under Settings and tap Dialogue Boost. Users will be able to more clearly hear conversations in TV and movies for a fully immersive experience.
     

     
    After a long day at work, relaxing in bed while watching YouTube or streaming videos is truly one of life’s small pleasures. The Galaxy Tab S10 Ultra enhances these moments by offering superior picture and sound quality along with convenient features to enrich leisure time beyond mere content consumption.
     
    The Galaxy Tab S10 Ultra delivers a comprehensive mobile experience on an expansive screen — improving productivity and maximizing immersion through its unique Galaxy AI features. For today’s professionals, the Galaxy Tab S10 Ultra will be a premium tablet bringing new meaning to work-life balance.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Local Plan plea for more brownfield sites to come forward

    Source: City of Canterbury

    Owners of brownfield sites in the district that could be developed are being urged to come forward. 

    The plea is the latest part in the process of pulling together a draft Local Plan, the document that allocates land in the district for new homes, jobs, new schools, a new hospital and community uses. 

    Leader of the Council, Cllr Alan Baldock, said: “When we took office in May 2023, we decided to take a fresh look at the draft Local Plan and we consulted on our proposals in the spring of this year. 

    “While our draft already prioritised development on brownfield sites, the results of the consultation made it clear people wanted us to strain every sinew to try and find more. 

    “So, to make sure we leave no stone unturned, and before any final decisions on sites are made, we are asking people to come forward with potential brownfield sites within the district that are suitable, and available, for development. 

    “We are also open to hearing about a range of other types of sites that might be suitable too.” 

    This part of the Local Plan process is officially known as a Call For Sites and will run from 9am on Monday 21 October until 5pm on Monday 16 December. 

    Officers are keen to hear about new sites for any type of future use that have not been submitted before, and are particularly interested in: 

    • brownfield land that could be suitable and available for development for any future use (capable of accommodating a minimum of five dwellings or 500sqm floorspace) 
    • small and medium-sized sites (capable of accommodating a minimum of five dwellings up to around 100 dwellings) 
    • land that could be suitable for employment and commercial development (above 0.25ha or 500sqm floorspace)  
    • land that could be suitable for Gypsy and Traveller accommodation 
    • land that could be suitable for renewable energy schemes 

    The Call For Sites process follows a decision at the end of September by Canterbury City Council’s Cabinet to extend the current Local Plan timetable by around six to seven months so council officers could consider government changes to national planning policy which are coming down the track. 

    The deadline for a final draft has now moved from the one imposed by the last government of June 2025 to spring 2026. 

    The council will use this time to: 

    • digest the feedback it received from the consultation and what it should do about it 
    • think carefully, in light of that feedback and numerous other technical considerations, about where in the district the bigger sites, known as strategic allocations, that are needed to deliver the government’s housing targets should go. It has to be remembered housing targets are likely to be mandatory and the government has suggested the district’s target needs to go up ever so slightly 
    • keep talking to stakeholders such as Kent County Council, National Highways, Natural England, the Environment Agency, other councils etc 
    • continue to assess any potential sites that may come forward 
    • make progress on the modelling needed to test the council’s transport strategy is robust 
    • ensure its net zero and biodiversity net gain policy ambitions remain as robust as humanly possible 

    What is brownfield land? 

    A brownfield site is land which has previously been developed.  

    This usually means that it is occupied by a permanent structure, or has been in the past, including the curtilage of the developed land (although it should not be assumed that the whole of the curtilage should be developed) and any associated fixed surface infrastructure.  

    Typical brownfield sites might include land used for commercial or industrial purposes such as warehousing or offices and car parks.  

    It excludes land that: 

    • is or was last occupied by agricultural or forestry buildings 
    • was developed for minerals extraction or waste disposal by landfill, where provision for restoration has been made 
    • is in built-up areas such as residential gardens, parks, recreation grounds and allotments 
    • was previously developed but where structural remains have blended into the landscape 

    People can suggest brownfield land that is currently in use, but for a site to be able to deliver development in the future, it must be available for development now or likely to be available within the Local Plan timescales (up to 2040). 

    Find out more about the Call for Sites process.

    Published: 22 October 2024

    MIL OSI United Kingdom

  • MIL-OSI USA: Remarks in Kyiv by Secretary of Defense Lloyd J. Austin III on Ukraine’s Fight for Freedom (As Delivered)

    Source: United States Department of Defense

    Well, good afternoon.

    Thanks for welcoming me back to Kyiv, and to this proud academy.

    Director Nadolenko, I’m very grateful for those generous words.

    And speaking of outstanding diplomats: All Americans should be proud of our tireless and fearless ambassador, Bridget Brink. Ambassador, thanks for doing tremendous work.

    [Applause]

    Let me also thank my good friend, Minister Umerov. Rustem, thanks for that very kind introduction and for your tremendous service to your country.

    Ladies and gentlemen, it’s a great honor to be here with you today.

    I’d like to talk today about Ukraine’s just war of self-defense, and the road ahead.

    And I’d like to start by echoing the words of President Kennedy in his historic 1963 speech in Berlin.

    There are some who say that they don’t understand — or say they don’t understand — what is at stake between the free world and an aggressive tyrant like Putin.

    And I say to them: Let them come to Kyiv.

    There are some who say that both sides are to blame for Putin’s war of aggression.

    Let them come to Kyiv.

    There are some who blur the lines between aggressor and victim.

    Let them come to Kyiv.

    There are some who deny that the Kremlin targets Ukrainian civilians.

    Let them come to Kyiv.

    There are some who say that Ukraine isn’t a real nation.

    Let them come to Kyiv.

    And finally, there are some who claim that Ukraine lacks the courage to prevail.

    Let them come to Kyiv.

    Ladies and gentlemen, let us never forget how this war began.

    For years, Putin had harassed and assaulted the independent nation-state of Ukraine. On February 24, 2022, Putin crossed the line into an all-out invasion. And the Kremlin started the largest war in Europe since World War II.

    Now, Putin’s war of choice poses fundamental questions to every government and every person who seeks a decent and secure world.

    And so I ask today: Do rules matter?

    Do rights matter?

    Does sovereignty matter?

    I believe that they do.

    President Biden believes that they do.

    And every free citizen of Ukraine believes that they do.

    When the largest military in Europe becomes a force of aggression, the whole continent feels the shock.

    When a permanent member of the U.N. Security Council tries to deny self-rule to more than 40 million people, the whole world feels the blow.

    And when a dictator puts his imperial fantasies ahead of the rights of a free people, the whole international system feels the outrage.

    And so that’s why nations of goodwill from every corner of the planet have seen and have risen to Ukraine’s defense. And that’s why the United States and our allies and partners have proudly become the arsenal of Ukrainian democracy.

    America’s values call us to stand by a peaceful democracy fighting for its life. And America’s security demands that we stand up to Putin’s aggression.

    America’s security demands that we stand up to Putin’s aggression.

    Ukraine matters to U.S. security for four blunt reasons.

    Putin’s war threatens European security.

    Putin’s war challenges our NATO allies.

    Putin’s war attacks our shared values.

    And Putin’s war is a frontal assault on the rules-based international order that keeps us all safe.

    Now, this invasion hasn’t gone the way that the Kremlin planned. After 970 days of war, Putin has not achieved one single strategic objective.

    Not one.

    President Zelenskyy didn’t flee. Kyiv didn’t fall. And Ukraine didn’t fold.

    Instead, Russia has paid a staggering price for Putin’s imperial folly.

    Russian forces have suffered hundreds of thousands of casualties since February 2022. According to the Center for Strategic and International Studies, Russian losses in just the first year of Putin’s war were more than Moscow’s losses in all of its conflicts since World War II—combined.

    And Russia has had to dig so deep into its Soviet stockpiles that it’s attacking Ukraine with tanks from the time of World War II.

    And Russia has squandered more than 200 billion dollars to sustain its invasion. And Russia has given up untold billions of dollars more in previously anticipated economic growth.

    Now, Ukraine has suffered terribly at Putin’s hands.

    Since February 2022, according to the U.N., Russian forces have killed more than 11,000 Ukrainian civilians in verified civilian casualty incidents. And that includes more than 600 children.

    The U.N. says that Putin’s forces have bombed more than 250 Ukrainian schools and hospitals. And they’ve wrecked treasured sites of Ukrainian history, culture, and memory.

    But the Kremlin’s malice has not broken Ukraine’s spirit. Ukraine stands unbowed — and strengthened.

    You know, your fight began with soldiers setting tank ambushes on the streets of Kyiv, and with ordinary citizens making Molotov cocktails to defend their homes.

    And it continues today with a battle-tested Ukrainian military and security forces — and a roaring Ukrainian defense industrial base.

    Ukrainian factories are now pumping out some of the best UAVs in the world, and experienced Ukrainian air defenders are protecting their forces and their families. 

    And your soldiers have shown incredible skill. Your frontline defenders have shown heroic resolve. And your citizens have shown stunning courage.

    Ukraine’s resistance is powered by the emergency workers who rush to the scene; and by the energy workers who race to fix the damage of the Kremlin’s attacks; by the doctors who risk their own lives to save the wounded; by the nurses who provide comfort in hours of anguish; and by the clergy who tend to suffering souls; by the teachers who keep Ukraine’s schools open; and by the parents and grandparents who fight every day to keep their children safe and give them a future of peace.

    So your admirers around the world are studying the Ukrainian way of resistance. And we strongly encourage the reforms that Ukraine has launched to help realize its people’s hopes of joining the European Union and NATO. 

    Ukraine’s defenders have brought inspiration to the world — and glory to Ukraine.

    Slava Ukraini!

    [Audience responds in Ukrainian]

    Yet this struggle imposes obligations on us all. As President Biden told the U.N. General Assembly in September, “Our test is to make sure that the forces holding us together are stronger than the forces that are pulling us apart.”

    And make no mistake. The outcome of Ukraine’s fight for freedom will help set the trajectory for global security in the 21st century.

    Europe’s future is on the line.

    NATO’s strength is on the line.

    And America’s security is on the line.

    So the U.S. government has moved with urgency and purpose. And we’ve seen the huge progress that principled diplomacy can produce —the kind of diplomacy taught right here in this academy.

    Since April 2022, I have been convening the Ukraine Defense Contact Group — the coalition of some 50 countries from around the world determined to help Ukraine fight Putin’s aggression. The Contact Group has met 24 times now.

    And I know that Minister Umerov and my other Ukrainian friends often refer to the Contact Group as “the Ramstein format”— after Ramstein Air Base, where the Contact Group was forged.

    And each time that I’m back at Ramstein, I find it moving to look around that long table; to see in human form the global indignation over Putin’s crimes; and to see determined defense leaders from around the world — from Argentina to Australia, and from Tunisia to Türkiye.

    And it has worked.

    America’s allies and partners are sharing the burden of our shared security.

    And that’s the power of Ramstein.

    You know, as a percentage of GDP, a dozen U.S. allies and partners now provide more security assistance to Ukraine than the United States does. And members of the Contact Group have provided more than [51] billion dollars in direct security assistance to Ukraine.

    And I am proud to remind you that the United States is doing our part as well.

    My country has committed more than 58 billion dollars in security assistance for Ukraine since February 2022. We’ve delivered two Patriot batteries and dozens of other air-defense systems. We’ve provided 24 HIMARS [rocket] systems, and thousands of armored vehicles and drones, and millions of rounds of artillery and other critical munitions.

    Now, that is a very real financial commitment. But for anyone who thinks that American leadership is expensive — well, consider the price of American retreat.

    In the face of aggression, the price of principle is always dwarfed by the cost of capitulation.

    Our allies and partners know that. And I’ve been proud to watch the pro-Ukraine coalition dig deep.

    So just consider Germany, host to Ramstein Air Base. Germany alone has provided or committed to military assistance for Ukraine valued at close to 31 billion dollars.

    And through the Contact Group and its capability coalitions, Ukraine’s friends are now forging an unprecedented, coordinated, 13-country drive to increase industrial production, to meet Ukraine’s battlefield requirements, and to build up the force to deter and repel Russian aggression in the future.

    And so, not since World War II has America systematically rallied so many countries to provide such a range of industrial and military assistance for a partner in need.

    Now, there is no silver bullet. No single capability will turn the tide. No one system will end Putin’s assault.

    What matters is the way that Ukraine fights back. What matters is the combined effects of your military capabilities. And what matters is staying focused on what works.

    Now, I believe that President Biden and Vice President Harris will have a proud place in history for rallying the world to defend Ukraine.

    So will the allies and partners who seek a free Ukraine in a safer world.

    But the proudest place of all will go to the Ukrainian people.

    From President Zelenskyy on down, your leaders chose to fight back. And the people of Ukraine have met Russia’s aggression and atrocities with magnificent defiance.

    The spirit of Ukraine has inspired the world. And it has reminded us all to never take our freedom for granted.

    So we refuse to blame Ukraine for the Kremlin’s aggression.

    We refuse to offer excuses for Putin’s atrocities.

    And we refuse to pretend that appeasement will stop an invasion.

    We fully understand the moral chasm between aggressor and defender.

    And we will not be gulled by the frauds and the falsehoods of the Kremlin’s apologists.

    And we will continue to defend the Ukrainian people’s right to live in security and freedom.

    The Kremlin has forced us into an age where Europe’s largest military invades Europe’s second-largest country. And we dare not believe, as the novelist George Eliot once wrote, that “the giant forces that used to shake the earth are forever laid to sleep.”

    America’s goals remain clear, achievable, and principled. We seek a free and sovereign Ukraine that can defend itself from Russian aggression today — and deter Russian aggression in the future.

    We seek a more secure Europe — and a reinforced commitment from nations of goodwill worldwide to an open international system of rules, rights, and responsibilities.

    I know that the Kremlin’s war is a nightmare from which the Ukrainian people are trying to awake. But we should all understand that Putin’s assault is a warning. It is a sneak preview of a world built by tyrants and thugs — a chaotic, violent world carved into spheres of influence; a world where bullies trample their smaller neighbors; and a world where aggressors force free people to live in fear.

    So we face a hinge in history.

    We can continue to insist that cross-border invasion is the cardinal sin of world politics. And we can continue to stand firm against Putin’s aggression.

    Or we can let Putin have his way. And we can condemn our children and grandchildren to live in a far bloodier and more dangerous world.

    So we must continue to face, to squarely face, the specter of an aggressive Russia — backed by other autocrats from North Korea and Iran.

    If Ukraine falls under Putin’s boot, all of Europe will fall under Putin’s shadow.

    Putin is not just hammering at the norms of the international system built at such a terrible cost by the Allies after World War II. He is shoving us all toward a world where right — where might makes right, and where empire trumps sovereignty. And he is determined to show that his brand of autocracy can outlast the world’s democracies.

    You see, Putin does not just think that his will is stronger. He thinks that his system is better.

    But he could not be more wrong.

    You know, few forces are more powerful than a democracy fighting for freedom.

    As I have said: Peace is not self-executing. Order does not preserve itself. And the principles of freedom, and sovereignty, and human rights do not uphold themselves.

    Yes, there is a price to be paid for human freedom. But it is dwarfed by the price that we would all pay for letting aggression go unchecked.

    So President Biden has chosen the path of mutual responsibility and common security. And we have chosen to share the responsibility of ensuring that Ukraine remains sovereign and free.

    And make no mistake. The United States does not seek war with Russia. And even as Putin makes profoundly reckless and dangerous threats about nuclear war, we will continue to behave with the responsibility that the world rightly demands of a nuclear-armed state.

    So the United States will uphold our sworn NATO obligations.

    The United States will defend every inch of NATO territory.

    And the United States will get Ukraine what it needs to fight for its survival and security.

    [Applause]

    Ladies and gentlemen, let’s be clear.

    Ukraine does not belong to Putin.

    Ukraine belongs to the Ukrainian people.

    And Moscow will never prevail in Ukraine.

    You know, Putin thought that Ukraine would surrender. He was wrong.

    Putin thought that our democracies would cave. He was wrong.

    And Putin thought that the free world would cower. He was wrong.

    And Putin thinks that he will win. He is wrong.

    And as I said in Halifax almost two years ago: free people will always refuse to replace an open order of rules and rights with one dictated by force and fear.

    Now, Ukraine faces complex challenges in the days to come.

    And as then-Vice President Biden said at this academy in 2014, “Democracy is not a destination. Democracy is a road traveled. And it’s a hard damn road to travel.”

    But you have shown the world the moral power of a free people fighting to defend their country.

    That force can bend the arc of history.

    Ladies and gentlemen: never underestimate the strategic advantage of a just cause.

    Never underestimate the resolve of free citizens.

    And never underestimate the power of a democracy summoned to defend itself.

    Ukraine has chosen the course of courage.

    And so have we.

    My friends, you walk a hard road.

    But you do not walk it alone.

    Thank you. God bless you. And may God bless all who fight to defend freedom.

    [Standing ovation]

    MIL OSI USA News