NewzIntel.com

Category: Politics

  • MIL-OSI USA: Risch, Crapo Celebrate Senate Passage of Secure Rural Schools Reauthorization

    US Senate News:

    Source: United States Senator for Idaho James E Risch

    WASHINGTON – U.S. Senators Jim Risch and Mike Crapo (both R-Idaho) today celebrated the Senate’s unanimous passage of their legislation to reauthorize the U.S. Forest Service’s Secure Rural Schools and Self-Determination Program (SRS) through Fiscal Year 2026.

    “Idaho counties rely on SRS funding for schools, road maintenance, and other essential services. Until we can bring historic timber revenue back to these areas, this program must be reauthorized,” said Risch. “The federal government made a promise to rural communities, and I’m proud to see the Senate follow through.”

    “In many rural counties in Idaho, the loss of resource revenue sharing from vast tracts of federally owned land inhibit counties’ ability to support local schools or even fund basic emergency services–including search and rescue,” said Crapo. “The Senate’s unanimous passage of legislation to reauthorize the Secure Rural Schools program is a critical first step in meeting the federal government’s responsibility to rural communities containing tax-exempt public lands. Without SRS, many counties in Idaho and across the country will fall short of the financial means to provide for these integral community functions for local residents and visitors alike. I urge the U.S. House of Representatives to move expeditiously on this legislation.”

    Risch and Crapo are joined by U.S. Senators Ron Wyden (D-Ore.), Jeff Merkley (D-Ore.), Dan Sullivan (R-Alaska), Jacky Rosen (D-Nev.), Shelley Moore Capito (R-W.Va.), Jeanne Shaheen (D-N.H.), Steve Daines (R-Mont.), Mark Kelly (D-Az.), Josh Hawley (R-Mo.), Maggie Hassan (D-N.H.), John Curtis (R-Utah), Patty Murray (D-Wash.), Rick Scott (R-Fla.), Amy Klobuchar (D-Minn.), Tim Sheehy (R-Mont.), Michael Bennet (D-Colo.), Lisa Murkowski (R-Alaska), Jim Justice (R-W.Va.), Catherine Cortez Masto (D-Nev.), John Hickenlooper (D-Colo.), and Adam Schiff (D-Calif.) in cosponsoring the legislation.

    The legislation also authorizes retroactive payments for fiscal years 2024 and 2025. Risch and Crapo introduced the legislation in the 118th Congress, and the Senate unanimously passed it in November 2024. It did not receive a vote in the U.S. House of Representatives before the end of the Congress. The House must reauthorize the program as soon as possible to avoid a gap in funding for rural counties that rely on the program for much-needed services.

    MIL OSI USA News –

  • MIL-OSI USA: Senator Coons statement on United States v. Skrmetti

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons

    WASHINGTON – U.S. Senator Chris Coons (D-Del.) issued the following statement in response to the Supreme Court’s decision in United States v. Skrmetti, which upheld the State of Tennessee’s ban on youth gender-affirming care: 

    “Today, the Supreme Court upheld a Tennessee state statute banning minors from accessing the gender-affirming hormone therapy that they, their parents, and their doctors all agree they need. These kids and their parents should have the same rights as anyone else – to make their own informed medical decisions and be treated equally under the law. Trans youth are some of the most vulnerable people in our country, more likely to commit suicide, to be depressed, to be bullied. Like all children, they deserve to live, to find a purpose, and to pursue happiness.

    “This comes as the Trump administration attacks trans Americans through executive orders, and Republicans in Congress try to use their tax bill to make changes to Medicaid and the Affordable Care Act that will make it harder for vulnerable Americans to access healthcare. I’m proud to come from a state that trusts doctors and patients more than politicians and the government to make their own decisions about what’s best for their families.” 

    Senator Coons is a member of the Senate Judiciary Committee.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Amnesty International – Urgent need to protect civilians amid unprecedented escalation in hostilities between Israel and Iran

    Source: Amnesty International
    As more and more civilians bear the cruel toll of the terrifying military escalation in Iran and Israel since 13 June 2025, and amid threats of further escalation in the conflict, Amnesty International is urging the Israeli and Iranian authorities to abide by their obligations under international humanitarian law to protect civilians.
    On 16 June, an Iranian government spokesperson reported that Israeli attacks had killed at least 224 people, including 74 women and children, without specifying how many of them were civilians. The health ministry also stated 1,800 people have been injured.
    In Israel, the Israeli Military Home Front reported that Iranian attacks had killed at least 24 people, including women and children, stating that they were all civilians, with nearly 600 injured.
    “As the number of deaths and injuries continue to rise, Amnesty International is urging both parties to comply with their obligations and ensure that civilians in both countries do not further pay the price of reckless military action,” said Agnès Callamard, Secretary General of Amnesty International.
    “Further escalation of these hostilities risks unleashing devastating and far-reaching consequences for civilians across the region and beyond.
    “Statements by the US and the G7 so far have failed to recognise the catastrophic impact this escalation will have on civilians in both countries.
    “Instead of cheering on one party to the conflict over another as if civilian suffering is a mere sideshow, states must ensure the protection of civilians. Preventing further suffering must be the priority – not the pursuit of military or geopolitical goals.
    “Both Israeli and Iranian authorities have time and again demonstrated their utter disregard for international human rights and humanitarian law, committing grave international crimes with impunity.
    “The world must not allow Israel to use this military escalation to divert attention away from its ongoing genocide against Palestinians in the occupied Gaza Strip, its illegal occupation of the whole Occupied Palestinian Territory (OPT) and its system of apartheid against Palestinians.
    “Likewise, the international community must not ignore the suffering that decades of crimes under international law by the Iranian authorities have inflicted upon people inside Iran, that is now being compounded by relentless bombardment.”
    Under international humanitarian law, all parties must take all feasible precautions to spare civilians and minimize their suffering and casualties. International humanitarian law strictly prohibits attacks directed at civilians and civilian objects, as well as attacks which do not distinguish between military targets and civilians or civilian infrastructure.
    For this reason, weapons that are extremely inaccurate and have large warheads that produce large area effects, such as ballistic missiles, should never be used in areas with large populations of civilians. Attacks on military objectives that are likely to result in disproportionate civilian casualties or destruction of civilian objects are also prohibited.
    In the deadliest incident in Israel, eight people including three children, were killed in Bat Yam, south of Tel Aviv, on 15 June.
    In Iran, at least 12 people including children and a pregnant woman were killed in one attack in Tajrish square in Tehran on 15 June.
    In the shadow of this latest escalation, Israeli authorities continue to forcibly displace and starve Palestinians in the occupied Gaza Strip as part of their ongoing genocide. They have imposed a full closure on the West Bank, where state-backed settler violence continues to rise, further entrenching Israel’s illegal occupation and apartheid system.
    Meanwhile, Iranian authorities have responded to Israel’s latest military attacks by imposing internet restrictions, arresting journalists and dissidents within the country. They have also restricted prisoners’ communication with the outside world, including those in prisons near sites of the bombings. On 16 June, the Iranian authorities executed a man for alleged espionage for Israel, raising concerns about the fate of others on death row for similar charges. The Iranian authorities must release all human rights defenders and others arbitrarily detained and should relocate other prisoners away from locations at risk of being attacked by Israel.
    Sinister and fear-inducing ‘ warnings’
    Over the past three days, Israeli officials, including Prime Minister Benjamin Netanyahu, Minister of Defence Israel Katz, and Persian-language spokesperson of the Israeli army Kamal Pinchasi have issued alarming threats and overly broad, ineffective evacuation warnings to millions of civilians in Tehran a major city with a population of around 10 million people, located in Tehran province which is home to around 19 million people. In some cases, warnings were issued in the middle of the night when residents were asleep or did not clarify if they referred to the city or the province of Tehran.
    On 16 June, Israel Katz, Israel’s Minister of Defense threatened on X that “the residents of Tehran will be forced to pay the price” for the actions of the Iranian authorities. Hours later, the Israeli military’s Persian-language spokesperson warned civilians to evacuate Tehran’s District Three – an area of approximately 30 square km and home to over 350,000 people- via a video showing unclear danger zones. The video included a map indicating danger zones for civilians but did not clearly specify targeted locations or areas of blast and fragmentation hazard, leaving residents uncertain about which areas to avoid. Iranian civil society activists later republished the map with cleared boundaries and locations named.
    Prior to the “evacuation” warnings on 16 June, the Israeli army had issued another overly broad warning in Persian, instructing people across the country to “immediately leave areas … [housing] military weapons manufacturing facilities and their support institutions”. The statement sowed panic and confusion among people, as the locations of military facilities are not known to the general public, and no clear guidance was provided on where civilians should or should not go to ensure their safety.
    Evacuation warnings, even if detailed and effective, do not release Israel from its other obligations under international humanitarian law. They must not treat as open-fire zones areas for which they have issued warnings. Millions of people in Tehran cannot leave, either because they have no alternative residences outside the city or due to limited mobility, disability, blocked roads, fuel shortages or other constraints. Israel has an obligation to take all feasible precautions to minimize harm to these civilians.
    Early morning Tehran time on 17 June, US President Donald Trump caused further panic with a Truth Social post stating: “Everyone should immediately evacuate Tehran.” US Secretary of State Marco Rubio and the White House amplified the message on X, amid media reports that the United States may join Israel in striking Iran.
    In reaction to the Israeli warnings, Iranian state media reported on 15 June that the Iranian armed forces had issued warnings urging residents of Tel Aviv to evacuate. In a video aired on state media, Reza Sayed, spokesperson of the Communication Center of the General Staff of the Armed Forces stated: “Leave the occupied territories [referring to Israel and the OPT], as they will undoubtedly become uninhabitable for you in the future … Do not allow the criminal regime to use you as human shields. Avoid residing or moving near the aforementioned locations and know that even underground shelters will not provide you with safety.”
    In Israel, these Iranian warnings have not triggered the same level of chaos and mass evacuation, largely due to the presence of the Iron Dome defense system and available shelters. However, there have been cases where civilians, particularly Palestinian citizens of Israel and Bedouin communities, who do not have access to underground shelters, such as the Khatib family in the Palestinian town of Tamra, were killed as a result of an Iranian missile strike. Israeli civil society groups are calling on the government to urgently address the chronic lack of protected space for non-Jewish Israeli citizens
    Parties to armed conflicts are prohibited from issuing threats of violence which are designed to spread terror among the civilian population. They cannot hide behind overly general warnings to claim that they have met their obligations under international law. To constitute effective warnings under international humanitarian law, parties must provide civilians with clear and practical instructions on moving away from military objectives that will be targeted rather than unlawfully calling for the mass exodus of millions – an approach that appears designed more to incite panic and terror among civilians than to ensure their protection.
    Internet shutdowns and media censorship
    In Iran, the authorities have disrupted access to the Internet and instant messaging applications, preventing millions of people caught up in the conflict from accessing essential information and communicating with loved ones both inside and outside the country and thereby exacerbating their suffering.
    “Access to the Internet is essential to protect human rights, especially in times of armed conflict where communications blackouts would prevent people from finding safe routes, accessing life-saving resources, and staying informed. The Iranian authorities must immediately ensure full restoration of internet and communication services in all of Iran,” said Agnès Callamard.
    The Israeli authorities are also using vague security pretexts to target people over social media posts or sharing videos deemed to breach strict censorship rules.
    “Israeli authorities must refrain from using military escalations, as they have done in the past, as a further pretext to crack down on freedom of expression, disproportionately targeting Palestinian citizens of Israel, including through arbitrary detention over unsubstantiated allegations of incitement,” said Agnès Callamard.
    Background
    On 13 June 2025, Israeli authorities launched air and drone strikes against Iranian territory. Shortly afterwards, Israeli officials announced that they launched the operation to target Iranian nuclear and ballistic missile capabilities and decapitate Iran’s military leadership. The Israeli strikes began as Iran and the US were in the process of negotiating a new deal to limit Iran’s nuclear program and enrichment activities in exchange for sanctions relief.
    Iranian authorities have retaliated by launching hundreds of missiles and drones against Israeli territory.
    Israeli attacks have struck cities in multiple provinces across Iran, including the provinces of Alborz, East Azerbaijan, Esfahan, Fars, Kermanshah, Hamedan, Lorestan, Ilam, Markazi, Qom, Tehran, West Azerbaijan and Khorasan Razavi.
    Iranian attacks have struck several urban areas in Israel, such as Tel Aviv, Bat Yam, Tamra, Petah Tikva, Bnei Brak, Haifa, Herzliya.

    MIL OSI New Zealand News –

  • MIL-OSI USA: Demanding Meaningful Stablecoin Guardrails, Reed Votes Against So-Called “GENIUS Act”

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC — Citing a lack of consumer and taxpayer protections and serious crypto corruption and national security concerns, U.S. Senator Jack Reed (D-RI) voted against the so-called GENIUS Act (S.1582), which passed the U.S. Senate on a vote of 68-30.

    The controversial bill places a government stamp of approval on “stablecoins,” which are crypto dollars that could be minted by big retailers, big tech companies, foreign companies, and even President Trump’s family. In a similar way that banks allow customers to send and receive money, stablecoins claim to do the same in a faster and cheaper way.

    Exposing taxpayers, consumers, and the financial system to high levels of risk, the GENIUS Act says that stablecoin companies would not need to comply with dozens of the same consumer protection laws that apply to similar firms and that help prevent scams and fraud.

    This legislation repeats some of the same mistakes that led to the 2008 financial crisis, fostered by the mistaken belief that stablecoin issuers are simple and safe companies that are unlikely to get into trouble and do not need significant regulation to protect customer funds.

    Rather than provide meaningful protections for consumers, the legislation weakens existing state laws on cryptocurrency to make it possible for stablecoin companies to operate with near-zero capital, meaning that companies could be unable to weather a financial crisis.  This leaves U.S. taxpayers exposed to bailouts if crypto markets crash.

    Furthermore, the bill makes it possible for stablecoin companies to avoid getting an independent audit and makes it virtually impossible for the government to revoke a stablecoin company’s charter, even if the company engages in fraudulent activity. And if a stablecoin company goes bankrupt, consumers must get in line to get their money back and hope that they will make a full recovery.

    The bill coincides with the launch of the Trump family’s own stablecoin venture called “USD1,” which has already been used by a foreign government to funnel at least $2 billion to the President.  The bill actually includes an express provision greenlighting the ability to name a stablecoin “USD,” as President Trump has done.

    Another beneficiary of this bill is Tether, the world’s largest stablecoin that is based in El Salvador and is used by North Korea, Russian arms dealers, ransomware attackers, the Iranian military, drug cartels, and many other criminal organizations.  Russia, Iran, and North Korea will continue to have venues to use dollar alternatives to bypass U.S. sanctions.

    The GENIUS Act allows Tether to operate freely in the United States with minimal oversight and without providing sufficient tools for the government to stop its abuse for weapons proliferation, war, human trafficking, scams, and other illegal activity.

    Senator Reed says that Congress should be fostering innovation while protecting consumers and national security, however unless these issues are fixed, the GENIUS Act would not balance these two important goals.

    “The so-called GENIUS Act is deeply flawed and doesn’t do enough to protect consumers, national security, and U.S. taxpayers.  Instead of strengthening consumer protections and building clear guardrails that prevent America’s adversaries from using stablecoins to their advantage, this bill greenlights President Trump using his office to line his own pockets while looking the other way at North Korea’s crypto abuses,” said Senator Reed.  “As the popularity of stablecoins continues to grow, we need to provide real guardrails and authorities for regulators.  Nevertheless, Senate Republicans have prioritized the wants of President Trump over the needs of American consumers.”

    Senator Reed has taken to the Senate floor twice recently to outline his concerns with the GENIUS Act, including in a speech Monday night. In remarks on the Senate floor last Thursday, Senator Reed called on Republicans to work across the aisle to better serve American consumers and strengthen crypto guardrails.

    The full transcript of those remarks follows:

    Mr. President, I rise today to discuss S. 1582, the so-called GENIUS Act.

    Several weeks ago, when the Majority Leader said we would have votes on amendments, I took him seriously and was one of the first to file. 

    We could have been voting on my amendments and those of my colleagues at any time in the last few weeks, but that hasn’t happened.  That is regrettable, because the GENIUS Act, as it is currently drafted, is fundamentally flawed. 

    The GENIUS Act exposes taxpayers, consumers, and the financial system to unacceptable risk.  And it creates venues for criminals, terrorists, and rogue governments to finance their illicit activities.  

    Among other things, this bill places the U.S. government’s stamp of approval on Tether—the world’s largest stablecoin, which is based in El Salvador and favored by North Korea, Russian arms dealers, ransomware attackers, the Iranian military, the drug cartels, and so many other criminal organizations. 

    It takes already weak state laws, makes them weaker, and applies them nationwide…making it possible for stablecoin companies to operate with near-zero capital and unable to weather a financial crisis.  It’s possible for stablecoin companies to avoid getting an audit.  It’s impossible for the government to revoke a stablecoin company’s charter—even if it turns out to be a Ponzi scheme or if an executive dips into customer funds.

    The GENIUS Act buys into the belief that the billionaires running the industry know what they’re doing and that the marriage of complex financial products and complex technology simply can’t fail.  The one thing the billionaires know how to do is protect their interests. 

    Not surprisingly this bill leaves open the door to bailouts, which we have seen time and time again for other lightly regulated nonbanks that got into trouble, like Fannie Mae and Freddie Mac, AIG, and Bear Stearns. 

    When there is a run on a stablecoin…and there will be a run one day…the industry will run to the American taxpayer for a bailout, and the GENIUS Act paves the way for that to happen with no limits on the Federal Reserve’s authority to prop up the industry.

    Finally, this bill perpetuates Donald Trump’s naked corruption.  It actually greenlights the name of Trump’s stablecoin—USD1—and allows Trump’s hand-picked regulators to write the rules of the road governing his most recent business venture. 

    Mr. President, we need to provide real guardrails for financial regulators to protect consumers, real tools for national security agencies to address this new technology, and real authority for the government to intervene before a crisis gets out of hand. 

    Real guardrails and real tools . . .  not words on a page that give only the “aura” of regulation and protection with no teeth. 

    My amendments and those offered by colleagues on the both sides of the aisle would help provide these tools and authorities.  However, it appears that we won’t have the opportunity to consider a single one of them and fix this bill.

    I urge my colleagues to oppose this highly flawed bill.

    MIL OSI USA News –

  • MIL-OSI USA: Castro Statement on Israel-Iran Conflict

    Source: United States House of Representatives – Congressman Joaquin Castro (20th District of Texas)

    June 18, 2025

    SAN ANTONIO, TX — Today, Congressman Joaquin Castro (TX-20), a senior member of both the House Foreign Affairs Committee and the House Permanent Select Committee on Intelligence, released the following statement on the Israel-Iran conflict:

    “I represent Military City, USA — San Antonio, Texas. So many in our city have proudly served their country in the armed forces throughout the years, including during times of war. 

    “Each Memorial Day, the Edgewood District Veterans honor their classmates who died or were missing in action in the Vietnam War. The name of each service member is called out and parents, siblings or other remaining family members step forward in a procession of remembrance at Edgewood Veterans Stadium. Almost sixty years have passed but the pain and grief of loss is still strong. The war took the service members’ lives while it devastated the spirit of life for their families. 

    “No place, no city or community has a monopoly when it comes to military sacrifice. I know there are many ceremonies just like Edgewood’s across the country every Memorial Day. But I am certain that the neighborhoods where I grew up, the families of the city that I represent, have sacrificed their fair share.

    “They served because they believed in the values of this country. But that trust and goodwill was sometimes abused by political leaders who sent our service members to fight in wars under false pretenses based on bad or biased intelligence, and without a long-term plan or exit strategy. As we witness the first days of the war between Israel and Iran, I feel we’re on the verge of making the same old mistake in a new war in the Middle East.

    “I remain hopeful that there is a diplomatic breakthrough to address Iran’s nuclear program, despite the best efforts of Benjamin Netanyahu to sabotage negotiations. Even absent such a breakthrough, based on the military, intelligence, and diplomatic assessments I have seen as a senior member of the House Intelligence and Foreign Affairs Committees, I do not believe our participation in this war is in our interest.

    “If the President truly believes going to war with Iran is in the national interest, he must make his case to the Congress and the American people and secure an authorization for the use of military force. He has not done so.

    “I will support the War Powers resolution introduced by Representatives Massie and Khanna. Much like the vote to go to war with Iraq, this resolution will force members of Congress to make their position on this war clear. I urge them to oppose the war.”

    MIL OSI USA News –

  • MIL-OSI USA: Booker, Colleagues Urge Senate Leaders to Protect State and Local Pesticide Regulations

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker

    WASHINGTON, D.C. – Today, U.S. Senator Cory Booker (D-NJ) led a group of 20 of his colleagues in calling on Senate leadership to oppose any efforts to limit existing state and local authority to regulate pesticides in the upcoming Farm Bill or any other legislation.  

    “More than thirty states and hundreds of cities and counties have adopted pesticide laws and ordinances to protect workers, children, rural communities, and wildlife. State and local governments have long acted to supplement federal pesticide laws to protect people from the serious health problems—including neurological and behavioral issues, cancer, and Parkinson’s Disease—that can be caused by unsafe exposure to pesticides,” the lawmakers wrote. “States and localities have implemented protective measures that fit their local needs, such as posting warnings when pesticides have been sprayed near schools and parks, protecting drinking water supplies, protecting and informing workers, and restricting the use of some pesticides on playgrounds. States and localities have also taken measures to protect endangered species that are especially susceptible to pesticides, like pollinators.”

    The lawmakers continued, “While federal regulations provide a base level of protection against the harms of pesticides, only localities and states are in the position to implement protective measures that are designed specifically to meet the needs of their citizens… Preempting these state and local laws prevents state and local officials from addressing local needs in favor of a one-size-fits-all approach.”

    The lawmakers also expressed strong opposition to any proposed legislation which would prohibit states from requiring manufacturers to disclose known risks about their pesticide products, such as carcinogenicity. 

    “Preemption proposals like these would eliminate laws that give consumers the ability to make informed decisions about using a pesticide product, based on the product’s risks to their health. These proposals would also take away consumers’ opportunity for redress if a manufacturer fails to issue warnings,” the lawmakers concluded. 

    The letter is cosigned by U.S. Senators Angela Alsobrooks (D-DE), Richard Blumenthal (D-CT), Kirsten Gillibrand (D-NY), Martin Heinrich (D-NM), Mazie Hirono (D-HI), Andy Kim (D-NJ), Ed Markey (D-MA), Jeff Merkley (D-OR), Patty Murray (D-WA), Alex Padilla (D-CA), Gary Peters (D-MI), Jack Reed (D-RI), Bernard Sanders (I-VT), Brian Schatz (D-HI), Adam Schiff (D-CA), Chris Van Hollen (D-MD), Elizabeth Warren (D-MA), Peter Welch (D-VT), Sheldon Whitehouse (D-RI), and Ron Wyden (D-OR).

    To read the full text of the letter, click here.

    The Senators are joined by 133 state and local leaders and 187 organizations, who called on Congress to oppose federal pesticide preemption. You can read their letters here and here.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Economic growth still in the hole dug in 2024

    Source: NZCTU

    Data released by Stats NZ today shows that the economy grew on a quarterly basis by 0.8% but fell on an annual basis by 1.1% said NZCTU Te Kauae Kaimahi Economist Craig Renney. “This is positive data for the first quarter of this year, but the fact that the economy is about the same size it was in March 2023 tells you that essentially we have had almost zero economic growth (0.3%) over the past two years.”

    “GDP per capita ($52,872) is now lower than it was in March 2022 ($53,100). It took another fall on an annual basis of 2.4%. There were falls in 11 of the 16 sectors of the economy annually – led by construction (-9.3%), wholesale trade (-3.6%) , and business services (-2%). Both goods producing industries and service industries saw contraction this year.”

    “The data shows that workers incomes aren’t keeping up with profits. Stats NZ shows that compensation of employees rose 1.5% this quarter before inflation. Gross operating surplus and gross mixed incomes (a broad measure of profit) rose 2%. Employee compensation was revised down in the December quarter to -0.2%.”

    “The lack of business confidence in the economy is present in the business investment data. Business investment fell this year. Non-residential building investment fell 2.9%. Transport equipment purchases fell 6%. Households are feeling it to, with purchase of durable goods being lower than they were in December 2023,” Renney said.

    “This data shows us how far we fell over the past year in economic terms. The growth in GDP this quarter is welcome – but the economy is still smaller than at the election in real terms. With more recent data suggesting that the economy is struggling to grow, there is a real danger that we return to slow, no, or negative growth.”

    “It’s time for the Government to realise that its economic growth plan isn’t working. There are 23,000 more people on Jobseekers this year. 48% of workers in New Zealand got a pay cut in real terms. Business and consumer confidence are at levels associated with recessions. One quarter of data shouldn’t blind the government of the need for change.” 

    MIL OSI New Zealand News –

  • MIL-OSI United Kingdom: expert reaction to final draft guidance on donanemab and lecanemab

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on final NICE draft guidance on the use of donanemab and lecanemab for Alzheimer’s disease. 

    Prof Charles Marshall, Professor of Clinical Neurology, Queen Mary University of London, said:

    “This will be very disappointing news to people living with Alzheimer’s disease. However, the decision is understandable given the high cost to the NHS of giving the drugs for a relatively modest benefit. There are several things which would help to get disease-modifying treatments for Alzheimer’ disease approved in the future. Firstly, we need better information about the true impact of living with Alzheimer’s disease for both the person affected and their family, so that we can better capture all of the benefit on quality of life that these drugs might have. Secondly, we need improved NHS clinics that can offer high quality diagnosis and monitoring of dementia so that the costs of setting up this diagnosis and monitoring are not weighed against the benefit of the drugs. Finally, we need more effective drugs so that the magnitude of benefit becomes indisputable, and there is currently good reason to be hopeful about this.”

    Prof Rob Howard, Professor of Old Age Psychiatry, UCL, said:

    “Nobody should be surprised that NICE have confirmed their earlier view that the new Alzheimer’s disease treatments would not be cost-effective if used within the NHS. Well-conducted clinical trials demonstrated that the actual size of benefits experienced by patients were too small to be noticeable, treatment carries risks of side-effects, and the annual cost of the drugs and safety monitoring required would have been close to the cost of a nurse’s salary for each treated patient.

    “We need better treatments that can make an appreciable difference to the lives of people with dementia and these can only come from further research and study.”

     

    Prof Paresh Malhotra, Head, Division of Neurology, Imperial College London, said:

    “The draft guidance documents from NICE on lecanemab and donanemab mean that these treatments will not be available for people with Alzheimer’s Disease via the NHS. This is not totally unexpected but does create a significant gap between what is done in other countries as well as the private sector, and what will be done for NHS patients. The modest effects and significant costs of these drugs have, understandably, been used to justify these decisions. The treatments would require major infrastructure changes to deliver to all those who are potentially eligible. Perhaps the biggest impact (or lack of it), is that there will be no impetus to change our general approach to make dementia diagnosis faster and to provide longer-term specialist input for people living with Alzheimer’s Disease. New and initially controversial treatments catalysed services and healthcare provision for other neurological conditions such as MS and stroke. People with Alzheimer’s Disease, and Dementia more broadly, will have to continue to wait. In the meantime, we will try to push against the more nihilistic attitudes that are sometimes associated with this very common devastating disease.”

     

    Hilary Evans-Newton, Chief Executive at Alzheimer’s Research UK, said:

    “This rejection is a painful setback for people affected by Alzheimer’s — but sadly not a surprising one. The drugs’ modest benefits, combined with the significant costs of delivering them in the NHS, meant they faced insurmountable challenges. People with early Alzheimer’s in England and Wales now face a long wait for innovative new treatments as they won’t be able to access lecanemab or donanemab unless they can afford to pay privately.

    “This decision sends a troubling signal to the life sciences sector — undermining confidence in the UK as a home for research, innovation and clinical trials. That risks lasting damage to both patients and the economy. NICE’s decision should ring alarm bells for a government that, only a year ago, pledged to make the UK a global leader in dementia treatments.

    “While these drugs are not a cure and do come with potentially serious side effects, they represent an important first step in changing the course of Alzheimer’s. With over 30 Alzheimer’s drugs now in late-stage trials globally, momentum is building – and more will enter regulatory systems in the years ahead. Without intervention from government, people with Alzheimer’s will continue to miss out — not because science is failing, but because the system is. Government must work with NICE, the NHS and industry to pilot licensed drugs, gather more data, and prepare the health system for what’s ahead.

    “One major barrier remains early and accurate diagnosis. Without it, patients can’t access current – or future – treatments. Alongside piloting, urgent investment in diagnostic services is vital if we are to give people a fair chance at the vast progress dementia research is making.”

    Professor Fiona Carragher, Alzheimer’s Society’s Chief Policy and Research Officer, said: 

    “There is no doubt that today’s decision is a setback for people with Alzheimer’s disease. It is highly disappointing that we are in a situation where treatments that slow the progression of the condition are not available on the NHS. 

    “The reality we’re faced with is that these treatments remain out of reach of both the NHS and most eligible people with Alzheimer’s disease. In other diseases like cancer, treatments have become more effective, safer and cheaper over time. It’s essential we see similar progress in dementia.  

    “The fact is, even if donanemab and lecanemab were made available on the NHS tomorrow, too many patients wouldn’t be able to access them because the health system isn’t ready to deliver them. The science is flying but the system is failing. 

    “What we need now is for the UK government to commit to the long-term investment needed to fundamentally change dementia diagnosis so that we are ready for new treatments.  This relies on an early diagnosis and access to specialist diagnostic tests, yet currently a third of people with dementia don’t have a diagnosis at all.  

    “The needs of people with dementia have long been overlooked and this cannot continue. We are heading towards a future where disease-slowing treatments reduce the devastating impact of dementia, and we cannot afford to delay preparing the NHS for them.” 

    NICE published final draft guidance on donanemab and final draft guidance on lecanemab at 00:01 UK time on Thursday 19th June. 

    Declared interests

    Prof Charles Marshall: I have received personal fees from Lilly, Eisai and Roche

    Prof Rob Howard: No COI

    Prof Paresh Malhotra:

    National Specialty Lead for Dementia and Neurodegeneration, NIHR Research Delivery Network

    Honorary Consultant Neurologist, Imperial College Healthcare NHS Trust

    Serviced Practice Consultant Neurologist, Cleveland Clinic London

    NHSE Working Group Member (Lecanemab and Amyloid PET)

    Trustee, Alzheimer’s Society

    Recipient of ‘Drugs Only’ Grant for NIHR funded Trial, Shire/Takeda

    Independent Data Monitoring Committee, J&J

    Research funding from NIHR, ARUK, Alzheimer’s Society, MRC, DPUK, BHF, Lifearc, FIFA, FA, UK DRI

    For all other experts, no reply to our request for DOIs was received.

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Economic growth still in the hole dug in 2024 – CTU Economist

    Source: NZCTU Te Kauae Kaimahi

    Data released by Stats NZ today shows that the economy grew on a quarterly basis by 0.8% but fell on an annual basis by 1.1% said NZCTU Te Kauae Kaimahi Economist Craig Renney. “This is positive data for the first quarter of this year, but the fact that the economy is about the same size it was in March 2023 tells you that essentially we have had almost zero economic growth (0.3%) over the past two years.”

    “GDP per capita ($52,872) is now lower than it was in March 2022 ($53,100). It took another fall on an annual basis of 2.4%. There were falls in 11 of the 16 sectors of the economy annually – led by construction (-9.3%), wholesale trade (-3.6%) , and business services (-2%). Both goods producing industries and service industries saw contraction this year.”

    “The data shows that workers incomes aren’t keeping up with profits. Stats NZ shows that compensation of employees rose 1.5% this quarter before inflation. Gross operating surplus and gross mixed incomes (a broad measure of profit) rose 2%. Employee compensation was revised down in the December quarter to -0.2%.”

    “The lack of business confidence in the economy is present in the business investment data. Business investment fell this year. Non-residential building investment fell 2.9%. Transport equipment purchases fell 6%. Households are feeling it to, with purchase of durable goods being lower than they were in December 2023,” Renney said.

    “This data shows us how far we fell over the past year in economic terms. The growth in GDP this quarter is welcome – but the economy is still smaller than at the election in real terms. With more recent data suggesting that the economy is struggling to grow, there is a real danger that we return to slow, no, or negative growth.”

    “It’s time for the Government to realise that its economic growth plan isn’t working. There are 23,000 more people on Jobseekers this year. 48% of workers in New Zealand got a pay cut in real terms. Business and consumer confidence are at levels associated with recessions. One quarter of data shouldn’t blind the government of the need for change.”

    MIL OSI New Zealand News –

  • MIL-OSI China: China’s vision for deeper financial opening-up highlighted at Shanghai Lujiazui Forum

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

    China’s vision for deeper financial opening-up highlighted at Shanghai Lujiazui Forum

    SHANGHAI, June 18 — Multiple government officials have delivered speeches at the annual Lujiazui Forum being held in east China’s Shanghai, pledging efforts to promote high-standard financial opening-up despite mounting global geopolitical uncertainty.

    Among the most high-profile measures being discussed at the forum is a plan to establish an international operations center for the digital RMB, which was unveiled by Pan Gongsheng, governor of the People’s Bank of China (PBOC). The move aims to promote the internationalization of the digital currency, as well as the development of financial market services, while supporting innovation in the field of digital finance.

    The center’s establishment is one of eight new measures set to be piloted in Shanghai, Pan said. Others include the development of free trade offshore bonds to expand financing channels for companies, and the optimization of the free trade account system to facilitate cross-border trade and investment for enterprises.

    Zhu Hexin, deputy governor of the PBOC and head of the State Administration of Foreign Exchange (SAFE), said that to advance the facilitation of cross-border investment and financing, policies will be implemented nationwide to encourage foreign investment in research institutions and ease cross-border financing for technology-based enterprises.

    The policy of integrating funding pools for multinational companies in both domestic and foreign currencies will be promoted nationwide to facilitate the utilization of funds within multinational corporate groups, according to Zhu.

    A package of innovative foreign exchange policies will be implemented in China’s pilot free trade zones, including policies to optimize new international trade settlements and expand the Qualified Foreign Limited Partner (QFLP) pilot program, Zhu said.

    On Wednesday, SAFE unveiled a notice to solicit public advice on deepening reforms of the foreign exchange management of cross-border investment and financing, with the notice also pledging to facilitate cross-border financing further.

    China will exempt foreign-invested enterprises from registration requirements for domestic reinvestment, and this pilot policy will be expanded nationwide.

    On the capital market, Wu Qing, chairman of the China Securities Regulatory Commission, emphasized the role that foreign funds and institutions play in China’s capital market, calling for the promotion of the broad opening-up of markets, products and institutions.

    Following Wu’s speech, the securities regulator announced that it would allow qualified foreign investors to participate in on-exchange exchange-traded fund (ETF) options trading from Oct. 9 this year for hedging purposes only.

    China has made steady progress in financial liberalization in recent years. According to Li Yunze, head of the National Financial Regulatory Administration, the country has optimized its model of “pre-establishment national treatment plus a negative list for foreign investment,” while most restrictions on foreign access to China’s banking and insurance sectors have now been removed.

    Looking ahead, the country plans to continue improving its business environment for foreign investors, aiming to foster a more welcoming, inclusive atmosphere in which foreign institutions can leverage their strengths and grow sustainably, Li added.

    Initiated in 2008, the Lujiazui Forum has become a platform for dialogue among policymakers, financial experts and business leaders from around the world. This year’s forum, themed “Financial opening-up and cooperation for high-quality development in a changing global economy,” runs from Wednesday to Thursday.

    MIL OSI China News –

  • MIL-OSI New Zealand: Govt set to surpass both law and order targets

    Source: New Zealand Government

    New quarterly data shows the Government is on track to deliver on both law and order targets ahead of schedule, Minister for Children Karen Chhour and Justice Minister Paul Goldsmith say.

    “We’re determined to protect communities, reduce victimisation, and to encourage young people not to continue down the path of serious crime and incarceration,” Mrs Chhour says.

    “A year ago we set a target of reducing the number of children and young people with serious and persistent offending behaviour by 15 per cent by 2029. 

    “A 13 per cent reduction in the most recent quarter shows we are hot on the heels of achieving our goal.  

    “We’ve trialled bold new responses to this long-standing issue and have ensured agencies work in greater collaboration with each other.

    “Proactive data-driven regional responses have also helped. It has truly been a team effort. 

    “Budget 2025 saw further investment in multiple complementary ways to address recidivism amongst young people, including future iterations of the military-style academies and the Youth Serious Offender declaration.

    “We continue to want better for, and from, these young people. This is a strong start, but we’re committed to sustained and meaningful success for our communities.”

    “This success comes off the back of the Government tracking ahead of its violent crime reduction target,” Mr Goldsmith says.

    “Our Government has wasted no time overhauling a culture of excuses left behind by the last administration. Victims are our priority, and we’ve returned them to the heart of the justice system.

    “The latest New Zealand Crime and Victims Survey shows that for the year to February, there were 157,000 victims of violent crime. This is 28,000 fewer victims than the baseline set in October 2023. Specifically, there were 12,000 fewer victims in Auckland and 5,000 fewer in Canterbury.

    “There is a lot more work to do, but these results are a good early sign we are heading in the right direction.

    “We’ve provided police and the courts with extra tools to go after gangs, brought back a revised three strikes sentencing regime, restored real consequences for crime by limiting sentence discounts, and scrapped Section 27 reports.

    “We do, however, expect the data to remain volatile, and there’s still more work to do to continue driving these numbers down.”

    Updated Government Target data is available here.

    MIL OSI New Zealand News –

  • MIL-OSI Submissions: OPEC Fund Development Forum 2025 concludes with new commitments to accelerate global development impact

    Source: OPEC Fund

    18 June 2025 – Highlights:  

    – Announcement of over US$1 billion new financing: OPEC Fund signs US$362 million new loan agreements during the Forum and announces approval of US$720 million in new financing in the second Quarter
     – A Country Partnership Framework agreement with Rwanda earmarks US$300 million financing in the next three years 
    – At the high-level Mauritania roundtable hosted by the OPEC Fund, the Arab Coordination Group (ACG) announced a pledge of US$2 billion financing over the next 5 years to support Mauritania’s development priorities.
    June 18, 2025: The fourth OPEC Fund Development Forum concluded today with a strong slate of new commitments, loan agreements and strategic partnerships to advance inclusive transition and sustainable development. The Forum, which took place in Vienna, Austria brought together more than 600 global leaders, including government representatives, development institutions and private sector stakeholders, under the theme “A Transition That Empowers Our Tomorrow”.
    The OPEC Fund announced some US$720 million in new financing to support development efforts across Africa, Asia, Latin America and the Caribbean, and saw the signing of US$362 million in new loan agreements. A new Trade Finance Initiative is set to secure vital supplies and help close trade-related liquidity gaps in partner countries.
    OPEC Fund President Abdulhamid Alkhalifa said: “The OPEC Fund Development Forum reflects our conviction that partnerships must deliver results. Today we achieved tangible progress – with new signings, new partnerships and new approaches to help our partner countries turn ambition into action. Whether in energy, infrastructure, agriculture or finance, we are responding with solutions that make a difference.”
    As part of its Small Island Developing States (SIDS) initiative, the OPEC Fund signed cooperation agreements with Grenada, and the Solomon Islands, expanding support for climate resilience and sustainable infrastructure.
    Deepening Country Partnerships for Long-term Impact: New country-level agreements and cooperation frameworks include:  
    – A US$212 million loan agreement with Oman to finance the Khasab-Daba-Lima Road Project (Sultan Faisal bin Turki Road), improving local and regional connectivity, as well as a Country Partnership Framework (CPF) to strengthen cooperation over the next five years.
    – A US$25 million loan agreement with Cameroon to strengthen the Rice Value Chain Development Project, supporting smallholder farmers and strengthening food security in vulnerable regions, in collaboration with the Islamic Development Bank (IsDB), Arab Bank for Economic Development in Africa (BADEA) and the Kuwait Fund.
    – A CPF with Rwanda to allocate up to US$300 million in financing for 2025 – 2028, supporting the country’s development priorities, including quality infrastructure, improved essential basic services and the promotion of entrepreneurship and the private sector.
    – Other country partnership agreements included: Azerbaijan to support infrastructure, energy transition and sustainable development; Botswana to support infrastructure, renewable energy, innovation and digital transformation, as well as private sector export-led growth over the next three years; Grenada to build resilience through sustainable development initiatives; Kyrgyz Republic to increase cooperation in transport, water supply and sanitation, energy, agriculture and banking sectors; and Solomon Islands to expand engagement and increase cooperation including in the private sector.
    Scaling up Private Sector Support : The OPEC Fund continues to prioritize private sector-led growth with targeted financing to financial institutions across Africa:
    – In Côte d’Ivoire, a €30 million loan agreement with Coris Bank International Côte d’Ivoire and a €35 million loan agreement with NSIA Banque will facilitate access to finance for small and medium-sized enterprises (SMEs).
    – A US$40 million loan agreement with the East African Development Bank (EADB) will boost economic investments across Kenya, Uganda, Tanzania and Rwanda, strengthening regional integration and inclusive growth.
    New Trade Finance Initiative: At the Forum the OPEC Fund also announced a new Trade Finance Initiative to boost trade resilience in partner countries by facilitating access to essential imports, closing liquidity gaps and strengthening resilience to external shocks in vulnerable economies.
    Advancing global cooperation: The Forum also featured new agreements to deepen multilateral cooperation:
    – A new cooperation agreement with the Central American Bank for Economic Integration (CABEI) will strengthen collaboration in infrastructure, energy and human development projects across the Latin America and Caribbean region.
    – The OPEC Fund and the Islamic Organization for Food Security (IOFS) formalized a cooperation agreement to coordinate efforts on climate-resilient agriculture and sustainable food systems.
    – A cooperation agreement with the International Anti-Corruption Academy (IACA) will support training programs to promote institutional transparency and anti-corruption capacity building in partner countries.
    Ahead of the Forum, the OPEC Fund hosted the Annual Meeting of the Heads of Institutions of the Arab Coordination Group (ACG). Delegates participated in a high-level roundtable with the President of Mauritania, Mohamed Ould Ghazouani to strengthen development collaboration and mobilize investment flows to Mauritania. 
    The roundtable resulted in an ACG joint pledge of US$2 billion financing over the next five years. This will be directed to vital sectors, including energy, water, transportation and digital infrastructure to stimulate economic growth. A dedicated Arab Donors Roundtable on the Sahel addressed strategies to mobilize greater support for the region’s urgent challenges. It was organized by the Permanent Interstate Committee for Drought Control in the Sahel (CLISS) and sponsored by the OPEC Fund’s partner institution, the Arab Bank for Economic Development in Africa (BADEA).
    About the OPEC Fund
    The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$29 billion to development projects in over 125 countries with an estimated total project cost of more than US$200 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and S&P Global Ratings. Our vision is a world where sustainable development is a reality for all.  

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: OPEC Fund Development Forum 2025 concludes with new commitments to accelerate global development impact

    Source: OPEC Fund

    18 June 2025 – Highlights:  

    – Announcement of over US$1 billion new financing: OPEC Fund signs US$362 million new loan agreements during the Forum and announces approval of US$720 million in new financing in the second Quarter
     – A Country Partnership Framework agreement with Rwanda earmarks US$300 million financing in the next three years 
    – At the high-level Mauritania roundtable hosted by the OPEC Fund, the Arab Coordination Group (ACG) announced a pledge of US$2 billion financing over the next 5 years to support Mauritania’s development priorities.
    June 18, 2025: The fourth OPEC Fund Development Forum concluded today with a strong slate of new commitments, loan agreements and strategic partnerships to advance inclusive transition and sustainable development. The Forum, which took place in Vienna, Austria brought together more than 600 global leaders, including government representatives, development institutions and private sector stakeholders, under the theme “A Transition That Empowers Our Tomorrow”.
    The OPEC Fund announced some US$720 million in new financing to support development efforts across Africa, Asia, Latin America and the Caribbean, and saw the signing of US$362 million in new loan agreements. A new Trade Finance Initiative is set to secure vital supplies and help close trade-related liquidity gaps in partner countries.
    OPEC Fund President Abdulhamid Alkhalifa said: “The OPEC Fund Development Forum reflects our conviction that partnerships must deliver results. Today we achieved tangible progress – with new signings, new partnerships and new approaches to help our partner countries turn ambition into action. Whether in energy, infrastructure, agriculture or finance, we are responding with solutions that make a difference.”
    As part of its Small Island Developing States (SIDS) initiative, the OPEC Fund signed cooperation agreements with Grenada, and the Solomon Islands, expanding support for climate resilience and sustainable infrastructure.
    Deepening Country Partnerships for Long-term Impact: New country-level agreements and cooperation frameworks include:  
    – A US$212 million loan agreement with Oman to finance the Khasab-Daba-Lima Road Project (Sultan Faisal bin Turki Road), improving local and regional connectivity, as well as a Country Partnership Framework (CPF) to strengthen cooperation over the next five years.
    – A US$25 million loan agreement with Cameroon to strengthen the Rice Value Chain Development Project, supporting smallholder farmers and strengthening food security in vulnerable regions, in collaboration with the Islamic Development Bank (IsDB), Arab Bank for Economic Development in Africa (BADEA) and the Kuwait Fund.
    – A CPF with Rwanda to allocate up to US$300 million in financing for 2025 – 2028, supporting the country’s development priorities, including quality infrastructure, improved essential basic services and the promotion of entrepreneurship and the private sector.
    – Other country partnership agreements included: Azerbaijan to support infrastructure, energy transition and sustainable development; Botswana to support infrastructure, renewable energy, innovation and digital transformation, as well as private sector export-led growth over the next three years; Grenada to build resilience through sustainable development initiatives; Kyrgyz Republic to increase cooperation in transport, water supply and sanitation, energy, agriculture and banking sectors; and Solomon Islands to expand engagement and increase cooperation including in the private sector.
    Scaling up Private Sector Support : The OPEC Fund continues to prioritize private sector-led growth with targeted financing to financial institutions across Africa:
    – In Côte d’Ivoire, a €30 million loan agreement with Coris Bank International Côte d’Ivoire and a €35 million loan agreement with NSIA Banque will facilitate access to finance for small and medium-sized enterprises (SMEs).
    – A US$40 million loan agreement with the East African Development Bank (EADB) will boost economic investments across Kenya, Uganda, Tanzania and Rwanda, strengthening regional integration and inclusive growth.
    New Trade Finance Initiative: At the Forum the OPEC Fund also announced a new Trade Finance Initiative to boost trade resilience in partner countries by facilitating access to essential imports, closing liquidity gaps and strengthening resilience to external shocks in vulnerable economies.
    Advancing global cooperation: The Forum also featured new agreements to deepen multilateral cooperation:
    – A new cooperation agreement with the Central American Bank for Economic Integration (CABEI) will strengthen collaboration in infrastructure, energy and human development projects across the Latin America and Caribbean region.
    – The OPEC Fund and the Islamic Organization for Food Security (IOFS) formalized a cooperation agreement to coordinate efforts on climate-resilient agriculture and sustainable food systems.
    – A cooperation agreement with the International Anti-Corruption Academy (IACA) will support training programs to promote institutional transparency and anti-corruption capacity building in partner countries.
    Ahead of the Forum, the OPEC Fund hosted the Annual Meeting of the Heads of Institutions of the Arab Coordination Group (ACG). Delegates participated in a high-level roundtable with the President of Mauritania, Mohamed Ould Ghazouani to strengthen development collaboration and mobilize investment flows to Mauritania. 
    The roundtable resulted in an ACG joint pledge of US$2 billion financing over the next five years. This will be directed to vital sectors, including energy, water, transportation and digital infrastructure to stimulate economic growth. A dedicated Arab Donors Roundtable on the Sahel addressed strategies to mobilize greater support for the region’s urgent challenges. It was organized by the Permanent Interstate Committee for Drought Control in the Sahel (CLISS) and sponsored by the OPEC Fund’s partner institution, the Arab Bank for Economic Development in Africa (BADEA).
    About the OPEC Fund
    The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$29 billion to development projects in over 125 countries with an estimated total project cost of more than US$200 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and S&P Global Ratings. Our vision is a world where sustainable development is a reality for all.  

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Economy – Fed holds rates – markets turn to Powell’s successor amid Trump rant – deVere Group

    Source: deVere Group

    June 18 2025 – The Federal Reserve has held interest rates steady—resisting mounting pressure from President Trump to cut—and investors are now preparing for what may come next: a pro-Trump successor at the helm of the world’s most powerful central bank.

    Global financial advisory giant deVere Group says the central bank’s decision is the right one, warning that cutting too soon could have backfired badly and pushed long-term borrowing costs higher, not lower.

    Nigel Green, CEO of deVere Group, says: “Trump wants a full-point rate cut to offset the damage from his own tariffs. But if the Fed delivers prematurely, markets will punish that kind of political submission. Long yields could spike, and the cost of capital could rise across the board.”

    May inflation data shows some easing—headline CPI dipped to 2.4% and core to 2.8%—but it is not enough for the Fed to justify a move. Wage growth remains resilient, household consumption is firm, and services inflation is still uncomfortably sticky.

    “The Fed is right to stay on hold,” says Nigel Green. “The disinflation trend is fragile, the tariff shock is still working its way through, and rate cuts in this environment would send the wrong message.”

    Tensions hit a new peak on Wednesday morning, just hours before the central bank’s decision, when President Trump launched a personal attack on Fed Chair Jerome Powell during an impromptu press briefing on the South Lawn of the White House.

    Speaking beside a new row of flagpoles unveiled as part of a symbolic national display ahead of what the president described as a “potential war with Iran,” Trump again blamed the Fed for slowing the economy and accused Powell of incompetence.

    “We’re doing well. Well as a country, if the Fed would ever lower rates, you know, we’d buy debt for a lot less,” he told reporters. “Do you ever have a guy that’s not a smart person and you’re dealing with him and you have to deal? He’s not a smart guy.”

    deVere points to sharp movements in the yield curve as a warning sign. The 2-year/30-year spread is now at its widest since early 2022. Investors are demanding more compensation to hold long-dated Treasuries amid growing concern about inflation credibility, surging debt issuance, and the creeping politicisation of the Fed.

    “What we’re seeing now is a re-pricing of long-term risk,” says Green. “If the Fed signals it’s willing to bow to political pressure, it damages its ability to anchor expectations—and yields will move accordingly.”

    The decision to hold comes against the backdrop of Trump’s increasingly aggressive demands for looser monetary policy and his influence over the next central bank leadership decision. Powell’s term

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Economy – Fed holds rates – markets turn to Powell’s successor amid Trump rant – deVere Group

    Source: deVere Group

    June 18 2025 – The Federal Reserve has held interest rates steady—resisting mounting pressure from President Trump to cut—and investors are now preparing for what may come next: a pro-Trump successor at the helm of the world’s most powerful central bank.

    Global financial advisory giant deVere Group says the central bank’s decision is the right one, warning that cutting too soon could have backfired badly and pushed long-term borrowing costs higher, not lower.

    Nigel Green, CEO of deVere Group, says: “Trump wants a full-point rate cut to offset the damage from his own tariffs. But if the Fed delivers prematurely, markets will punish that kind of political submission. Long yields could spike, and the cost of capital could rise across the board.”

    May inflation data shows some easing—headline CPI dipped to 2.4% and core to 2.8%—but it is not enough for the Fed to justify a move. Wage growth remains resilient, household consumption is firm, and services inflation is still uncomfortably sticky.

    “The Fed is right to stay on hold,” says Nigel Green. “The disinflation trend is fragile, the tariff shock is still working its way through, and rate cuts in this environment would send the wrong message.”

    Tensions hit a new peak on Wednesday morning, just hours before the central bank’s decision, when President Trump launched a personal attack on Fed Chair Jerome Powell during an impromptu press briefing on the South Lawn of the White House.

    Speaking beside a new row of flagpoles unveiled as part of a symbolic national display ahead of what the president described as a “potential war with Iran,” Trump again blamed the Fed for slowing the economy and accused Powell of incompetence.

    “We’re doing well. Well as a country, if the Fed would ever lower rates, you know, we’d buy debt for a lot less,” he told reporters. “Do you ever have a guy that’s not a smart person and you’re dealing with him and you have to deal? He’s not a smart guy.”

    deVere points to sharp movements in the yield curve as a warning sign. The 2-year/30-year spread is now at its widest since early 2022. Investors are demanding more compensation to hold long-dated Treasuries amid growing concern about inflation credibility, surging debt issuance, and the creeping politicisation of the Fed.

    “What we’re seeing now is a re-pricing of long-term risk,” says Green. “If the Fed signals it’s willing to bow to political pressure, it damages its ability to anchor expectations—and yields will move accordingly.”

    The decision to hold comes against the backdrop of Trump’s increasingly aggressive demands for looser monetary policy and his influence over the next central bank leadership decision. Powell’s term

    MIL OSI – Submitted News –

  • MIL-OSI Canada: Farmers’ market program delivers another bountiful harvest

    Source: Government of Canada regional news

    People in British Columbia will continue to have improved access to nutritious, locally grown foods through the B.C. Farmers’ Market Nutrition Coupon Program. 

    “As the weather warms up and more people take advantage of British Columbia’s amazing farmers’ markets, we are helping people and families on lower incomes access fresh and nutritious foods grown in their communities,” said Josie Osborne, Minister of Health. “The Farmers’ Market Nutrition Coupon Program promotes healthy eating and gives people an opportunity to connect with and support local farmers and producers.”

    The B.C. Farmers’ Market Nutrition Program is operating in more than 90 communities throughout the province, reaching families, seniors and pregnant people from more than 8,500 households.

    “We all want people to be able to access nutritious, healthy food in their communities,” said Sheila Malcolmson, Minister of Social Development and Poverty Reduction. “Our funding will help more people, including seniors and families, put fresh food on the table, while also investing in local agriculture.”

    Delivered by the B.C. Association of Farmers’ Markets (BCAFM), the B.C. Farmers’ Market Nutrition Coupon Program is a healthy-eating initiative that strengthens local food systems throughout the province by providing an additional source of income for B.C. farmers during the market season. With funding from the Province, the program provides coupons to community partners supporting people and families with lower incomes. Coupons can be used to buy fresh, nutritious and locally grown food at more than 100 participating B.C. farmers’ markets.

    “This program helps people on a low income get fresh and nutritious food grown by local farmers,” said Lana Popham, Minister of Agriculture and Food. “I’m so thankful farmers in B.C. participate in this program, helping to build community and sharing the bounty of their hard work.”

    This year, the Province is providing the program with $4.25 million. Households enrolled in the program can receive as much as $27 a week in coupons to use at participating farmers’ markets for as long as 16 weeks. The coupons can be used to buy fresh produce, nuts, eggs, dairy products, herbs, vegetable and fruit plants, honey, meat and fish. To receive the coupons, participants register with community partners, which distribute the coupons to those eligible. However, the 2025 program is currently at capacity for this year and is no longer taking applications.

    “The B.C. Association of Farmers’ Markets is grateful and proud to have delivered this beloved program for many, many years,” said Heather O’Hara, executive director, BCAFM. “Through the program, we reach diverse people and communities in all corners of the province every year. In 2025, we know people want to taste B.C. like never before at our incredible farmers’ markets.”

    Farmers’ markets are a central part of many communities in B.C. Every year, they generate more than $232 million for local economies, helping farmers, small businesses and communities thrive. Support for farmers’ markets strengthens local food systems and helps foster the sector’s resilience and self-reliance.

    Quick Facts:

    • The Ministry of Health has been funding the B.C. Farmers’ Market Nutrition Coupon Program since 2012.
    • In 2024, the program supported 8,609 participants through 235 community partners in 94 B.C. communities.
    • Each year, almost five million people visit B.C. farmers’ markets, which are a gateway to experiencing the culture, flavours and food of the province.
    • BCAFM is a registered B.C. non-profit society that strengthens farmers’ markets, supports B.C. farmers and educates the public about choosing healthy, B.C.-grown products.
    • The group is committed to nurturing a secure food system and ensuring the viability of farming for the future.

    Learn More:

    For more information about the B.C. Farmers’ Market Nutrition Coupon Program, visit: https://bcfarmersmarket.org/coupon-program/how-it-works/

    To locate a participating farmers’ market in your community, visit the B.C. Farmers’ Market Trail: https://bcfarmersmarkettrail.com

    To learn more about government supports for B.C. farmers, visit: https://news.gov.bc.ca/releases/2025AF0001-000001

    To discover how you can enjoy more B.C. food and beverages, visit: https://buybc.gov.bc.ca/

    MIL OSI Canada News –

  • MIL-OSI Australia: National Australia Bank pays $751,200 in penalties for alleged breaches of Consumer Data Right Rules

    Source: Australian Ministers for Regional Development

    National Australia Bank Limited (NAB) has paid penalties totalling $751,200 after the ACCC issued it with four infringement notices for alleged contraventions of the Consumer Data Right (CDR) Rules.

    The infringement notices relate to alleged failures by NAB to disclose, or accurately disclose, credit limit data in response to four separate requests made by different CDR accredited providers on behalf of consumers.

    The CDR is an economy-wide data sharing program that empowers Australians to leverage the data businesses hold about them for their own benefit.

    For the CDR to be effective it is critical that the data which a consumer has consented to be shared is accurate, up-to-date, complete and in the required format. 

    “Poor data quality prevents consumers from experiencing the full benefits of the CDR. When banks or energy retailers don’t provide accurate data, consumers can’t take advantage of CDR products and services to compare products, find better deals, manage their finances or make informed decisions about product switching,” ACCC Deputy Chair Catriona Lowe said.

    In this case, a failure to provide accurate information in relation to credit card limits impacted the service a number of fintechs provided to consumers, including some fintechs who offer mortgage broking tools using CDR data. These tools are designed to provide consumers with faster, simpler and more secure loan applications which better leverage their own data. 

    NAB’s payment of these penalties is the highest amount paid for alleged contraventions of the CDR Rules to date. NAB cooperated with the ACCC’s investigation and has rectified the data quality issues identified.

    Data holders in the banking sector have had several years to understand and implement their CDR obligations. As the CDR continues to mature, data quality within the CDR remains a priority conduct area for the ACCC. In the second half of 2024, CDR participants reported to the ACCC that over 530,000 consumers successfully used CDR products and services across the banking and energy sectors, representing an increase of 135 per cent from the previous six months. During the same period, approximately 582 million consumer data requests were made. 

    “All CDR participants are reminded that failure to comply with the CDR rules will result in scrutiny by the ACCC and may result in enforcement action,” Ms Lowe said.

    Notes to editors

    The payment of a penalty specified in an infringement notice is not an admission of a contravention of the CDR rules.

    The ACCC can issue an infringement notice when it has reasonable grounds to believe a person or business has contravened certain provisions of the CDR rules.

    More information on the obligations of data holders can be found in the Compliance guide for data holders.

    At the time of the alleged conduct the penalty amount for each infringement notice was fixed at $187,800 for a listed corporation. Since 7 November 2024, the penalty has been increased to $198,000 for each infringement notice.

    Background

    CDR gives consumers the right to safely transfer data about themselves from data holders to accredited persons, potentially to access new products and services, including better deals on everyday products and services.

    CDR is an economy-wide reform that is being rolled out sector by sector. The CDR has been rolled out to banking (from July 2020) and energy (from November 2022), with the non-bank lending sector to follow from mid-2026.

    The transfer of consumer data occurs between data holders and accredited persons, or accredited providers. The Australian Government has designed and oversees the system to ensure it is safe and secure for consumers. Accredited providers must go through a rigorous process to become accredited by the Data Recipient Accreditor (currently the ACCC) to provide services to consumers using CDR data. A list of current providers (along with further information about CDR) is available on the CDR website.

    The ACCC, together with its co-regulator, the Office of the Australian Information Commissioner, is responsible for ensuring CDR participants, including accredited providers and data holders, comply with their CDR obligations.

    The Treasury leads CDR policy, including development of rules and advice to government on which sectors CDR should apply to in the future. Within Treasury, the Data Standards Body develops the standards that prescribe how data is shared under CDR.

    MIL OSI News –

  • MIL-OSI: Narda-MITEQ Awarded Prototype to Optimize Power Dividers in Growler Aircrafts for DoN

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 18, 2025 (GLOBE NEWSWIRE) — Naval Air Systems Command (NAVAIR) Program Manager Air (PMA)–265 and Naval Surface Warfare Center, Crane Division (NSWC Crane), in partnership with NSTXL through the S²MARTS OTA, have announced a prototype award to optimize Power Dividers for the EA–18G aircraft. NAVAIR is qualifying a new design and source of supply for the Power Dividers, which are utilized in the ALQ-218(V)2 Tactical Jamming Subsystem Receiver (TJSR). The prototyping and qualification will be awarded to Narda-MITEQ.

    Prior to the award, NAVAIR participated in an event in which organizations interested in submitting could engage with NAVAIR and ask questions about the opportunity, as well as clarify government needs. The Strategic & Spectrum Missions Advanced Resilient Trusted Systems (S²MARTS) Other Transaction Authority (OTA), the agreement vehicle for the opportunity, hosted the event as well as an industry networking event to encourage teaming. OTAs are a modern, efficient prototyping vehicle suitable for opportunities like Power Dividers that need to move quickly.

    The S2MARTS OTA is managed by National Security Technology Accelerator (NSTXL). NSTXL is a consortium manager focused on revolutionizing government innovation. With accelerated prototyping processes through OTAs, DoD can make leading technologies like power dividers available to the Warfighter faster than ever.

    About S2MARTS
    The Strategic & Spectrum Missions Advanced Resilient Trusted Systems (S²MARTS), managed by NSTXL, is the premier rapid OT agreement vehicle for the Department of Defense (DoD) in trusted microelectronics, strategic & spectrum mission, and other critical mission areas. The Naval Surface Warfare Center (NSWC), Crane Division created S²MARTS to grow and engage an elite network of innovators, shorten the path to defense prototype development, and advance national security efforts.

    For media inquiries contact:
    NSTXL Press
    press@nstxl.org

    The MIL Network –

  • MIL-OSI: Narda-MITEQ Awarded Prototype to Optimize Power Dividers in Growler Aircrafts for DoN

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 18, 2025 (GLOBE NEWSWIRE) — Naval Air Systems Command (NAVAIR) Program Manager Air (PMA)–265 and Naval Surface Warfare Center, Crane Division (NSWC Crane), in partnership with NSTXL through the S²MARTS OTA, have announced a prototype award to optimize Power Dividers for the EA–18G aircraft. NAVAIR is qualifying a new design and source of supply for the Power Dividers, which are utilized in the ALQ-218(V)2 Tactical Jamming Subsystem Receiver (TJSR). The prototyping and qualification will be awarded to Narda-MITEQ.

    Prior to the award, NAVAIR participated in an event in which organizations interested in submitting could engage with NAVAIR and ask questions about the opportunity, as well as clarify government needs. The Strategic & Spectrum Missions Advanced Resilient Trusted Systems (S²MARTS) Other Transaction Authority (OTA), the agreement vehicle for the opportunity, hosted the event as well as an industry networking event to encourage teaming. OTAs are a modern, efficient prototyping vehicle suitable for opportunities like Power Dividers that need to move quickly.

    The S2MARTS OTA is managed by National Security Technology Accelerator (NSTXL). NSTXL is a consortium manager focused on revolutionizing government innovation. With accelerated prototyping processes through OTAs, DoD can make leading technologies like power dividers available to the Warfighter faster than ever.

    About S2MARTS
    The Strategic & Spectrum Missions Advanced Resilient Trusted Systems (S²MARTS), managed by NSTXL, is the premier rapid OT agreement vehicle for the Department of Defense (DoD) in trusted microelectronics, strategic & spectrum mission, and other critical mission areas. The Naval Surface Warfare Center (NSWC), Crane Division created S²MARTS to grow and engage an elite network of innovators, shorten the path to defense prototype development, and advance national security efforts.

    For media inquiries contact:
    NSTXL Press
    press@nstxl.org

    The MIL Network –

  • MIL-OSI USA: Congressman Gonzalez Joins Agriculture Secretary Rollins to Announce Efforts to Fight New World Screwworm

    Source: United States House of Representatives – Congressman Vicente Gonzalez (15th District of Texas)

    EDINBURG, TEXAS – Today, Congressman Vicente Gonzalez (TX-34) participated in a press conference with U.S. Secretary of Agriculture Brooke L. Rollins, Texas Commissioner of Agriculture Sid Miller, and several Members of Congress to announce a five-pronged plan to combat the spread of New World Screwworm (NWS).

    This follows Congressman Gonzalez’s efforts to mitigate the spread of NWS. He previously joined 21 other members of Congress in sending a bipartisan letter to the House Appropriations Agriculture Subcommittee requesting $300 million in funding to establish a NWS sterile fly facility in the United States. Congressman Gonzalez also cosponsored H.R. 3392, the Strengthening Tactics to Obstruct the Population of Screwworms (STOP Screwworms) Act, which authorizes $300 million for the same project.

    NWS is a devastating pest that causes serious and often deadly damage to livestock, wildlife, pets, and in rare cases, humans. While NWS has been eradicated from the United States for decades, recent detections in Mexico as far north as Oaxaca and Veracruz, about 700 miles away from the U.S. border led to the immediate suspension of live cattle, horse, and bison imports through U.S. ports of entry along the southern border on May 11, 2025.

    “The return of the New World Screwworm is a glaring potential threat to South Texas ranchers, wildlife, and communities as a whole,” said Congressman Gonzalez. “If it reaches our country, this pest could wreak havoc on our economy and food supply chain. It must be eradicated. I look forward to working with USDA and other partners on innovative solutions right here at Moore Air Base to ensure the safety of our agricultural industry and South Texans’ wellbeing.”

    “The United States has defeated NWS before and we will do it again,” said Secretary Rollins. “We do not take lightly the threat NWS poses to our livestock industry, our economy, and our food supply chain. The United States government will use all resources at its disposal to push back NWS, and today’s announcement of a domestic strategy to bolster our border defenses is just the beginning. We have the proven tools, strong domestic and international partnerships, and the grit needed to win this battle.”

    “I’m proud to partner with decisive leaders such as USDA Secretary Rollins and our Texas congressional delegation in combating the New World Screwworm. This is a significant threat, and it’s critical we stay ahead of it. Texas has historically been at the forefront of American agriculture, and we are prepared to assist Secretary Rollins and the USDA in protecting our livestock, economy, and food supply. I look forward to implementing a robust, effective plan to protect Texas agriculture from this dangerous pest,” said Commissioner of Agriculture Sid Miller.   

    For more information on USDA’s Five-Pronged Plan, please visit their page.

    ###

    MIL OSI USA News –

  • MIL-OSI New Zealand: Economy – RBNZ Bulletin: Reflections on 35 Years of Flexible Inflation Targeting – Lessons from the RBNZ Research Conference

    Source: Reserve Bank of New Zealand – Te Pūtea Matua

    19 June 2025 – The Reserve Bank of New Zealand – Te Pūtea Matua hosted a research conference on 6-7 March 2025 commemorating “35 Years of Flexible Inflation Targeting – Challenges and Opportunities”.

    This Bulletin summarises the key themes and insights that emerged during the conference.

    The conference marked a significant historical milestone. Reflecting on the decades leading to inflation targeting, Governor Christian Hawkesby described how New Zealand experienced high and volatile inflation when monetary policy was set under the direction of the Government, not an independent central bank.

    Reforms undertaken from 1988 set out, in the words of the then Minister of Finance, Roger Douglas, to “ensure that future politicians don’t interfere with the primary objective of the Reserve Bank”.

    In March 1990, when the Minister of Finance and the Reserve Bank Governor signed the first Policy Targets Agreement (PTA), the Reserve Bank of New Zealand became the first central bank to have a numerical target for inflation specified in its monetary policy mandate. (ref. https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=f7a74960f1&e=f3c68946f8 )

    Against this backdrop, 35 years after the first PTA, the research conference aimed to understand the inflation targeting experience across central banks, the challenges, and the opportunities to refine monetary policy frameworks and strategies in the post-pandemic world.
     
    Read the Bulletin: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=78cd896bea&e=f3c68946f8

    MIL OSI New Zealand News –

  • MIL-OSI USA: Former Rwandan genocide perpetrator charged with immigration fraud following ICE investigation

    Source: US Immigration and Customs Enforcement

    DAYTON, Ohio – A U.S. Immigration and Customs Enforcement investigation resulted in an indictment that was unsealed June 13, charging a Dayton man with lying on his applications for a green card and United States citizenship by concealing his past role as a leader and perpetrator of the genocide in Rwanda in 1994.

    According to court documents, Vincent Nzigiyimfura, 65, was a prominent businessman and shop owner in Rwanda in 1994 when the genocide began. He allegedly used his wealth and leadership position in Rwandan society to organize violence against and killings of Tutsis, the minority population persecuted in the genocide.

    “ICE HSI is committed to pursuing justice for victims of genocide by ensuring that those who committed atrocities in foreign lands cannot hide in Ohio or any other community in the United States,” said ICE Homeland Security Investigations Detroit acting Special Agent in Charge Jared Murphey. “No one wants a war criminal as their neighbor and these allegations paint a grim picture of the horror Nzigiyimfura inflicted on the Tutsi people. His indictment and arrest is a step toward justice for those victims.”

    “The indictment alleges this defendant facilitated the killings of Tutsis during the Rwandan genocide and then lied about it on immigration applications in the United States,” said Acting U.S. Attorney Kelly A. Norris for the Southern District of Ohio. “This egregious conduct will not be tolerated.”

    “As alleged, Vincent Nzigiyimfura directed and encouraged murders during the genocide in Rwanda and then lied to U.S. authorities to start a new life in this country,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The United States is not a safe haven for human rights violators. Those, like the defendant, who commit immigration fraud to hide their violent pasts will be charged and prosecuted to the fullest extent of the law.”

    As alleged in the indictment, Nzigiyimfura directed groups of armed Hutus – the majority population – to kill Tutsis. He allegedly set up roadblocks during the genocide to detain and kill Tutsis, including a roadblock directly in front of his home, where Tutsis were allegedly killed at his direction. Nzigiyimfura also allegedly participated in killings. According to court filings, the defendant was subsequently convicted in absentia by a Rwandan court for genocide.

    Court documents detail that Nzigiyimfura applied for a visa to enter the U.S. and was granted lawful permanent resident status in 2008. In 2014, he submitted an application for naturalization. Nzigiyimfura allegedly lied to U.S. immigration officials in his immigration applications, including by falsely denying any involvement as a perpetrator of the Rwandan genocide.

    Nzigiyimfura was arrested June 12 and charged with one count of visa fraud and two counts of attempted naturalization fraud. If convicted as charged, he could face up to 30 years in prison.

    ICE HSI Detroit is investigating this case, with assistance from the interagency Human Rights Violators and War Crimes Center and the Justice Department’s Office of International Affairs.

    Established in 2009, the HRVWCC furthers the government’s efforts to identify, locate, and prosecute human rights abusers in the U.S, including those who are known or suspected to have participated in persecution, war crimes, genocide, torture, extrajudicial killings, female genital mutilation, and the use or recruitment of child soldiers. Currently, HSI has more than 180 active investigations into suspected human rights violators and is pursuing more than 1,945 leads and removals cases involving suspected human rights violators from 95 different countries. Since 2003, the HRVWCC has issued more than 79,000 lookouts for potential perpetrators of human rights abuses, and stopped over 390 human rights violators and war crimes suspects from entering the U.S.

    Assistant U.S. Attorney George Painter of the Southern District of Ohio and Trial Attorney Brian Morgan of the Justice Department’s Human Rights and Special Prosecutions Section are representing the United States in this case.

    Members of the public who have information about potential former human rights violators in the United States are urged to contact U.S. law enforcement through the ICE tip line at 1-866-DHS-2-ICE or the online tip form. They can also email HRV.ICE@ice.dhs.gov

    An indictment merely contains allegations, and defendants are presumed innocent unless proven guilty in a court of law.

    MIL OSI USA News –

  • MIL-OSI: Carbon Streaming Announces Annual General Meeting Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today held its annual general meeting of shareholders (the “Meeting”), where each of the five nominees proposed as directors and listed in the Company’s management proxy circular dated May 6, 2025 were elected as directors.  

    A total of 16,029,044 common shares were voted in respect of the election of directors at the Meeting, representing approximately 30.32% of the votes attached to all outstanding common shares.

    At the Meeting, the shareholders of the Company also approved the appointment of Deloitte LLP as auditor and authorized the directors to fix their remuneration.

    The detailed results of the vote for the election of directors are set out below: 

    Nominee Outcome of Vote Voted Voted (%)
    Marcel de Groot Approved 12,531,540 For
    2,499,687 Withheld    		 83.370%
    16.630%
    Olivier P. Garret Approved 12,518,740 For
    2,512,487 Withheld    		 83.285%
    16.715%
    Marin Katusa Approved 12,585,416 For
    2,445,811 Withheld    		 83.728%
    16.272%
    Alice Schroeder Approved 12,517,415 For
    2,513,812 Withheld    		 83.276%
    16.724%
    Sam Wong Approved 13,937,826 For
    1,093,401 Withheld    		 92.726%
    7.274%
           

    For complete voting results on all matters approved at the Meeting, please see the Company’s Report of Voting Results dated June 18, 2025 available on SEDAR+ at www.sedarplus.ca.

    About Carbon Streaming

    Carbon Streaming’s focus is on projects that generate high-quality carbon credits and have a positive impact on the environment, local communities, and biodiversity, in addition to their carbon reduction or removal potential.

    ON BEHALF OF THE COMPANY:
    Marin Katusa, Chief Executive Officer
    Tel: 365.607.6095
    info@carbonstreaming.com
    www.carbonstreaming.com

    Investor Relations
    investors@carbonstreaming.com

    Media
    media@carbonstreaming.com

    Neither Cboe Canada Inc. nor its Market Regulator (as that term is defined in the Listing Manual of Cboe Canada Inc.) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI: Carbon Streaming Announces Annual General Meeting Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 18, 2025 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today held its annual general meeting of shareholders (the “Meeting”), where each of the five nominees proposed as directors and listed in the Company’s management proxy circular dated May 6, 2025 were elected as directors.  

    A total of 16,029,044 common shares were voted in respect of the election of directors at the Meeting, representing approximately 30.32% of the votes attached to all outstanding common shares.

    At the Meeting, the shareholders of the Company also approved the appointment of Deloitte LLP as auditor and authorized the directors to fix their remuneration.

    The detailed results of the vote for the election of directors are set out below: 

    Nominee Outcome of Vote Voted Voted (%)
    Marcel de Groot Approved 12,531,540 For
    2,499,687 Withheld    		 83.370%
    16.630%
    Olivier P. Garret Approved 12,518,740 For
    2,512,487 Withheld    		 83.285%
    16.715%
    Marin Katusa Approved 12,585,416 For
    2,445,811 Withheld    		 83.728%
    16.272%
    Alice Schroeder Approved 12,517,415 For
    2,513,812 Withheld    		 83.276%
    16.724%
    Sam Wong Approved 13,937,826 For
    1,093,401 Withheld    		 92.726%
    7.274%
           

    For complete voting results on all matters approved at the Meeting, please see the Company’s Report of Voting Results dated June 18, 2025 available on SEDAR+ at www.sedarplus.ca.

    About Carbon Streaming

    Carbon Streaming’s focus is on projects that generate high-quality carbon credits and have a positive impact on the environment, local communities, and biodiversity, in addition to their carbon reduction or removal potential.

    ON BEHALF OF THE COMPANY:
    Marin Katusa, Chief Executive Officer
    Tel: 365.607.6095
    info@carbonstreaming.com
    www.carbonstreaming.com

    Investor Relations
    investors@carbonstreaming.com

    Media
    media@carbonstreaming.com

    Neither Cboe Canada Inc. nor its Market Regulator (as that term is defined in the Listing Manual of Cboe Canada Inc.) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI USA: RELEASE: Senator Mullin Blasts Democrat Hypocrisy in Hegseth Hearing, They ‘Should Be Ashamed’ for the Last Four Years

    US Senate News:

    Source: United States Senator MarkWayne Mullin (R-Oklahoma)

    RELEASE: Senator Mullin Blasts Democrat Hypocrisy in Hegseth Hearing, They ‘Should Be Ashamed’ for the Last Four Years

    Washington, D.C. – U.S. Senator Markwayne Mullin (R-OK), a member of the Senate Armed Services Committee, slammed Democrats for their hypocritical lines of questioning towards Secretary Pete Hegseth at today’s hearing to examine the Department of Defense’s budget request for Fiscal Year 2026.

    In his remarks, Senator Mullin addressed Senate Democrats’ refusal to hold the Biden administration accountable for anything the last four years, including the disastrous withdrawal from Afghanistan and the cover-up of Joe Biden’s cognitive decline. Highlights below.

    Sen. Mullin’s full remarks can be found here.

    On the Biden administration’s disastrous withdrawal from Afghanistan:

    “Talk about accountability, I wonder who was held accountable for the disastrous withdrawal out of Afghanistan, where 13 soldiers died and we left thousands of Americans behind underneath Secretary Austin’s lead. Did one person get held accountable during that time? I don’t know of anybody that got held accountable for Afghanistan withdrawal.”

    On the Democrat cover-up of President Biden’s cognitive decline:

    “History is history. Look back at it, if you want to or not. But keep in mind every time you’re pointing fingers here, you got three fingers pointing back at you.”

    “Because the previous administration you guys 100% turned a blind eye to and did nothing to hold them accountable, nothing. So don’t sit up here on the dais and pretend like you’re trying to hold the administration accountable now, because you didn’t for four years.”

    “You literally covered up for a commander in chief that was absent. Absent minded and absent leadership. And you guys did absolutely nothing, even your left-leaning media is saying it was the worst cover up possibly in political history. Yet nothing from you guys. You all should be ashamed of yourself. Literally, you should be ashamed of yourself.”

    On the difference between a failing Biden administration and a roaring Trump administration:

    “Let’s talk about the turmoil to which my colleagues on the other side of the dais wants to talk about. Let’s talk about that turmoil. Underneath Secretary Austin, who was a general by the way, you had the lowest morale measured in our military history, you had retention absolutely disastrous, you had recruitments that wasn’t even meeting lowered standards that you guys lowered.”

    “But let me see the contrast. We have the highest morale that’s been measured in decades in the military. We have recruiting numbers that are exceeding expectations that we’ve had. We have our enemies that fear us once again, and our allies that love us because they can trust us, but that’s not the narrative, Secretary Hegseth, that our Democrat colleagues want to draw.”

    On the Trump administration cleaning up the mess of the last four years:

    “You want to talk about, war powers, or the fact that during our reposturing in the Middle East against Iran, which would have never taken place if our colleagues on the other side would have held the administration accountable while they were giving billions of dollars back to Iran, and knowing good and well during the briefings that they were actually trying to develop a nuclear weapon, but we turned a blind eye to that.”

    “And now the mess that was created by the Biden administration, this administration, underneath the Trump administration and the leadership of Secretary Hegseth, is simply trying to clean up.”

    MIL OSI USA News –

  • MIL-OSI USA: Kaptur, Corps Of Engineers, City Of Vermilion, And Erie Metroparks Celebrate Completion Of West Pier Repair And Start Of East Pier Repair

    Source: United States House of Representatives – Congresswoman Marcy Kaptur (OH-09)

    Port Clinton, Ohio — Today, Congresswoman Marcy Kaptur (OH-09), Ranking Member of the House Appropriations Subcommittee on Energy and Water Development, the US Army Corps of Engineers, Buffalo District, City of Vermilion, and Erie Metroparks celebrated the completion of construction on a multi-year repair of Vermilion Harbor’s West Pier and start of the final phase of repairs of its East Pier. The combined $23 Million investment in these projects is critical to safe navigation on the Great Lakes, the local and regional economy, and protection for residents and visitors of Vermilion. Photo and video of the project site and the completion event are available by clicking here. 

    “The completion of repairs on the Vermilion Harbor West Pier represents a historic investment in our region’s infrastructure, and our people,” said Congresswoman Marcy Kaptur (OH-09). “This project enhances safety for inter-lake and international trade while also protecting our precious Lake Erie. A thriving Lake Erie is essential for the prosperity of northern Ohio and the entire Great Lakes Region. I am grateful to see the major federal funding I secured support the US Army Corps of Engineers in this critical endeavor. I am honored to join the Corps and local leaders today to see the final improvements for the West Pier, and I look forward to seeing the completion of the East Pier this fall.”

    “Congratulations to the City of Vermilion, the US Army Corps of Engineers, Buffalo District, and Erie Metroparks on completing the West Pier repairs and beginning vital construction of the East Pier. Strengthening this infrastructure will allow for continued economic growth in the region and create a safe community for residents and visitors to enjoy,” said US Senator Jon Husted (R-OH).

    “The Corps of Engineers brought significant dedication and expertise to this investment in Great Lakes infrastructure, ensuring it was delivered on time and within budget for the nation, the region, and the people of Vermilion,” said Lt. Col. Robert Burnham, USACE Buffalo District commander. “Once all repairs are complete, Vermilion’s piers are sure to protect boaters, people, and the local economy for decades to come, just as they’ve done for nearly 190 years.”

    “Through the piers pass Vermilion’s very active recreational boat traffic. The friends and families that visit us on those watercraft help fuel our economy. Many keep coming back year after year to dock in our town. My sincere thanks to Congresswoman Kaptur and the US Army Corps of Engineers for helping keep our waterways safe and attractive for everyone,” said City of Vermilion Mayor Jim Forthofer. 

    “The Board of Park Commissioners and I are grateful for the funding provided by Congresswoman Kaptur, and for the Army Corps of Engineers’ diligence in completing the project on time. The repair of the Vermilion Harbor West Pier is critical to the safety of mariners, beach goers, and the Vermilion community. After years of planning and partnering with Mayor Forthofer, Western Reserve Land Conservancy, and the Vermilion community, Erie MetroParks is excited to mobilize and complete construction at Wakefield MetroPark this year,” said Erie Metroparks Executive Director Melissa Price.

    West Pier Repair

    Repairs to 1,100 feet of the West Pier were completed with multiple projects started in 2021 and completed in June 2025. The most recent project focused on the south reach of the pier. The repair included installation of steel sheet pile with voids filled between the existing seawall and new sheet pile, as well as grading, hydroseeding, and tree planting in the adjacent Wakefield Metropark.

    Previous repairs to the West Pier from the beach to the north wrap included removing stone that had settled on the lake side of the pier, placing new granular material, and resetting the cap stones to their initial elevations.

    East Pier Repair

    Repairs to the 600 feet of the East Pier are scheduled to take place from July 7 through January 2026 under a $6.5 million awarded to Michigan-based Great Lakes Dock and Materials, L.L.C., located in September 2024. The repair will include removal of existing stone on both the beach side and channel sides of the pier; installation of sheet pile, tie rods, walers; backfilling with granular material; and reusing the removed stone to create a fresh cap on the top of the pier. The site will be restored to its original condition following construction.

    A repair to 200 feet of the northern end of the East Pier was completed in 2021 with more than 2,000 tons of stone and concrete installed.

    Repairs to Vermilion’s piers are 100% federally funded under operations and maintenance.

    About Vermilion Harbor

    Vermilion Harbor is in Erie County, Ohio, on the south shore of Lake Erie at the mouth of the Vermilion River, about 37 miles west of Cleveland and 21 miles east of Sandusky. Vermilion Harbor is a small-craft harbor originally authorized by the River & Harbor Act and constructed in 1836 by the federal government for commercial purposes. Vermilion Harbor is comprised of a channel approach from the lake and the lower 3,600 feet of the Vermilion River. Protective structures consist of east and west laid up stone over timber crib piers with a total length of 1,792 feet and a cellular steel sheet pile detached breakwater with a length of 864 feet. Boating trip and annual craft spending at Vermilion Harbor generates an estimated $6.9 Million in revenues to accommodations, restaurants, retail, boat repair, and other services and industries and supports more than 44 full-time equivalent jobs, $3.3 Million in labor income, $4.4 Million in the gross regional product, and $7.3 Million in economic output in the local impact area.

    About The US Army Corps Of Engineers And USACE Buffalo District

    The Buffalo District delivers world class engineering solutions to the Great Lakes Region, the Army and the Nation to ensure national security, environmental sustainability, water resource management, and emergency assistance during peace and war. For 250 years, the US Army Corps of Engineers has been at the forefront of the nation’s engineering excellence, responding when called. From constructing fortifications during the Revolutionary War, to building the infrastructure that saw America’s strength grow militarily and economically, USACE’s mission has always been to deliver engineering solutions for our nation’s toughest challenges. Learn more about the USACE 250th anniversary by clicking here or going to www.usace.army.mil/Home/250th.

    Photo and video of the project site and the completion event are available by clicking here. 

    # # #

    MIL OSI USA News –

  • MIL-OSI: PSB Holdings, Inc. announces semi-annual cash dividend of $0.34 per share

    Source: GlobeNewswire (MIL-OSI)

    WAUSAU, Wis., June 18, 2025 (GLOBE NEWSWIRE) — PSB Holdings, Inc. (OTCQX: PSBQ), parent company of Peoples State Bank, is pleased to announce that on June 17, 2025, its Board of Directors declared a regular semi-annual cash dividend of $0.34 per share of the Company’s common stock. The dividend is payable July 31, 2025 to shareholders of record as of July 11, 2025 and represents an increase of 6.3% over the $0.32 per share semi-annual cash dividend declared on December 17, 2024. The current dividend continues a 60-year tradition of cash dividends to PSB shareholders including 32 consecutive years of increased cash dividends declared per share.

    PSB President and CEO Scott M. Cattanach said, “We remain optimistic for continued strong financial performance through the end of 2025 and are pleased to announce a $0.34 per share semi-annual cash dividend to holders of our common stock. We thank our shareholders for their continued support.”

    About PSB Holdings, Inc.

    PSB Holdings, Inc. is the parent company of Peoples State Bank. Peoples is a community bank headquartered in Wausau, Wisconsin, serving northcentral and southeastern Wisconsin from twelve full-service banking locations in Marathon, Oneida, Vilas, Portage, Milwaukee and Waukesha counties and a loan production office in Dane county. Peoples also provides investment and insurance products, along with retirement planning services, through Peoples Wealth Management, a division of Peoples. PSB Holdings, Inc. is traded under the stock symbol PSBQ on the OTCQX Market. More information about PSB, its management, and its financial performance may be found at www.psbholdingsinc.com. 

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations, estimates and projections about PSB’s business based, in part, on assumptions made by management and include, without limitation, statements with respect to the potential growth of PSB, its future profits, expected stock repurchase levels, future dividend rates, future interest rates, and the adequacy of its capital position. Forward-looking statements can be affected by known and unknown risks, uncertainties, and other factors, including, but not limited to, strength of the economy, the effects of government policies, including interest rate policies, risks associated with the execution of PSB’s vision and growth strategy, including with respect to current and future M&A activity, and risks associated with global economic instability relating to the COVID-19 pandemic and its effect on PSB and Peoples, and their customers, and other risks. The forward-looking statements in this press release speak only as of the date on which they are made and PSB does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

    Investor Relations Contact
    PSB Holdings, Inc.
    1905 Stewart Avenue
    Wausau, WI 54401
    888.929.9902
    InvestorRelations@bankpeoples.com 

    The MIL Network –

  • MIL-OSI USA: De La Cruz Secures Sterile Fly Facility in Hidalgo County to Combat New World Screwworm

    Source: United States House of Representatives – Monica De La Cruz (TX-15)


    WASHINGTON –     Today, Congresswoman Monica De La Cruz (TX-15) and U.S. Department of Agriculture Secretary Brooke Rollins announced $8.5 million to establish a New World Screwworm sterile fly facility at the Moore Air Base in Hidalgo County. As the threat posed by the New World Screwworm moves northward, the facility will be crucial in producing and distributing sterile flies to prevent potential outbreaks in the U.S.

    “If we do not take action now, the New World Screwworm will devastate Texas livestock and wildlife. Thank you, Secretary Rollins, for swiftly accepting my proposal to establish this critical facility in Hidalgo County. I am committed to working alongside the Administration to put Texas farmers and ranchers first and safeguard our agriculture industry.” – Congresswoman Monica De La Cruz

    “The United States has defeated NWS before and we will do it again. We do not take lightly the threat NWS poses to our livestock industry, our economy, and our food supply chain. The United States government will use all resources at its disposal to push back NWS, and today’s announcement of a domestic strategy to bolster our border defenses is just the beginning. We have the proven tools, strong domestic and international partnerships, and the grit needed to win this battle.” – U.S. Department of Agriculture Secretary Brooke Rollins

    Background:

    The New World Screwworm is a highly destructive parasitic fly that infests the flesh of livestock and wildlife. The parasite has been detected in Veracruz, Mexico, approximately 700 miles from the U.S. border. As more cases arise, the threat and concerns of northward spread grow.
     
    Last week at the House Agriculture Committee hearing with Secretary Rollins, Rep. De La Cruz advocated for Moore Air Base in Hidalgo County to be considered as a site to help combat New World Screwworm. In May, De La Cruz sent a letter to the Secretary requesting that Moore Air Base be considered for a new sterile fly facility to help combat this parasite. The Congresswoman has also led legislative initiatives, including the New World Screwworm Preparedness Act, to ensure Texas agriculture is prepared to combat the threat.

    MIL OSI USA News –

  • MIL-OSI USA: De La Cruz Secures Sterile Fly Facility in Hidalgo County to Combat New World Screwworm

    Source: United States House of Representatives – Monica De La Cruz (TX-15)


    WASHINGTON –     Today, Congresswoman Monica De La Cruz (TX-15) and U.S. Department of Agriculture Secretary Brooke Rollins announced $8.5 million to establish a New World Screwworm sterile fly facility at the Moore Air Base in Hidalgo County. As the threat posed by the New World Screwworm moves northward, the facility will be crucial in producing and distributing sterile flies to prevent potential outbreaks in the U.S.

    “If we do not take action now, the New World Screwworm will devastate Texas livestock and wildlife. Thank you, Secretary Rollins, for swiftly accepting my proposal to establish this critical facility in Hidalgo County. I am committed to working alongside the Administration to put Texas farmers and ranchers first and safeguard our agriculture industry.” – Congresswoman Monica De La Cruz

    “The United States has defeated NWS before and we will do it again. We do not take lightly the threat NWS poses to our livestock industry, our economy, and our food supply chain. The United States government will use all resources at its disposal to push back NWS, and today’s announcement of a domestic strategy to bolster our border defenses is just the beginning. We have the proven tools, strong domestic and international partnerships, and the grit needed to win this battle.” – U.S. Department of Agriculture Secretary Brooke Rollins

    Background:

    The New World Screwworm is a highly destructive parasitic fly that infests the flesh of livestock and wildlife. The parasite has been detected in Veracruz, Mexico, approximately 700 miles from the U.S. border. As more cases arise, the threat and concerns of northward spread grow.
     
    Last week at the House Agriculture Committee hearing with Secretary Rollins, Rep. De La Cruz advocated for Moore Air Base in Hidalgo County to be considered as a site to help combat New World Screwworm. In May, De La Cruz sent a letter to the Secretary requesting that Moore Air Base be considered for a new sterile fly facility to help combat this parasite. The Congresswoman has also led legislative initiatives, including the New World Screwworm Preparedness Act, to ensure Texas agriculture is prepared to combat the threat.

    MIL OSI USA News –

  • MIL-OSI USA: Graham, Kelly, Barrasso, Gallego Applaud Senate Passage of Glioblastoma Awareness Day Resolution

    US Senate News:

    Source: United States Senator for South Carolina Lindsey Graham

    WASHINGTON – U.S. Senators Lindsey Graham (R-South Carolina), Mark Kelly (D-Arizona), John Barrasso (R-Wyoming) and Ruben Gallego (D-Arizona) today applauded the passage of their Senate Resolution designating July 16, 2025 as Glioblastoma Awareness Day.

    “Glioblastoma is an aggressive brain cancer, and I have seen three members of the Senate family, Ted Kennedy, Senator Barrasso’s wife, Bobbi, and my dearest friend John McCain, lose their battle to it,” said Senator Graham. “This resolution honors my friends, all of those who have lost their battle to glioblastoma and the strong individuals battling glioblastoma every day. It will create national awareness of this horrible disease and encourage medical professionals to work together to find a cure. I am glad to be working alongside Senators Kelly, Barrasso, Gallego, T. Scott, Markey, Warren, Van Hollen, Coons and Warnock. Together, we hope to prevent others from suffering from this disease in the future and honoring those who have lost their battle to glioblastoma.”

    “Glioblastoma is a devastating disease that continues to harm the lives of so many Americans and their families, including a great Arizonan and American hero, Senator John McCain,” said Senator Kelly. “In honor of him and all of those currently fighting this disease, I’m once again supporting this effort to encourage research that will improve people’s quality of life and bring us closer to beating it once and for all.” 

    “After losing my wife Bobbi to this deadly disease, I know firsthand how this tragic diagnosis affects patients and their families. Raising awareness and supporting efforts to find a cure is a personal priority for me,” said Senator Barrasso. “Our bipartisan resolution honors our commitment to supporting research that will find a cure for this deadly disease. I am proud to join this resolution to honor Bobbi Barrasso, our colleague John McCain, and all those who have lost their battles in the fight against glioblastoma.”

    “Glioblastoma is a terrible and complex brain cancer that’s taken far too many lives, including Arizona’s own Senator John McCain,” said Senator Gallego. “Senator McCain was a giant in Arizona and in the Senate, and I’m proud to support this resolution for him, the McCain family, and every family touched by glioblastoma. We owe it to them to keep fighting for a cure.”

    In addition to Graham, Kelly, Barrasso and Gallego, the resolution is also cosponsored by U.S. Senators Tim Scott (R-South Carolina), Ed Markey (D-Massachusetts), Elizabeth Warren (D-Massachusetts), Chris Van Hollen (D-Maryland), Christopher Coons (D-Delaware) and Raphael Warnock (D-Georgia).

    The resolution:

    • Designates July 16, 2025, as “Glioblastoma Awareness Day”
    • Encourages increased public awareness of glioblastoma
    • Honors the individuals who have died from the devastating disease of glioblastoma or are currently living with the disease
    • Supports efforts to develop better treatments for glioblastoma that will improve the long-term prognosis for, and the quality of life of, individuals diagnosed with the disease
    • Recognizes the importance of molecular biomarker testing to the diagnosis and treatment of glioblastoma
    • Expresses support for the individuals who are battling brain tumors, as well as the families, friends, and caregivers of those individuals
    • Urges a collaborative approach to brain tumor research among governmental, private, and nonprofit organizations, which is a promising means of advancing the understanding and treatment of glioblastoma
    • Encourages continued investments in glioblastoma research and treatments, including through the Glioblastoma Therapeutics Network and other existing brain tumor research resources.

    To read the text of the resolution, click HERE.

    MIL OSI USA News –