In the 2024 Rule of Law Report’s country chapter for the Netherlands[1], the Commission referred to the ongoing discussion in the Netherlands on the procedure for appointing members of the Council for the Judiciary and court management boards.
The Commission continues to follow the developments in this respect in the context of the preparation of the 2025 Rule of Law Report.
As recalled in the 2024 Rule of Law Report, procedures for the appointment and dismissal of judges and the powers and composition of Councils for the Judiciary are important in safeguarding judicial independence, based on the principles established by the Court of Justice of the European Union.
Also, European standards have been developed by the Council of Europe on how the Councils for the Judiciary should be designed to best safeguard their independence, including as regards their composition.
The preparation for the 2025 Rule of Law Report is ongoing, based on a well-established methodology[2] and on a continued dialogue with the national authorities and in consultation with relevant stakeholders.
Forecasting the potential impact of Donald Trump’s turbulent tariff policies is a fraught business – and fraught for business. The United States president has changed, paused and exempted various categories of goods so often, the only certainty is uncertainty.
On “Liberation Day” (April 2) he famously announced far-reaching “reciprocal tariffs” on imports from most trading nations. Since then he has paused those tariffs, but kept 25% on imports of steel, aluminium and motor vehicles, and 10% “baseline” tariffs on all other imports.
The big exception is China, whose retaliation against the reciprocal US tariffs has resulted in an escalating trade war between the world’s two largest economies.
On April 9, the US raised tariffs on Chinese goods to 145%, but later scaled back duties on electronic goods such as laptops and smartphones to 20%. On April 12, China increased its tariff on US goods to 125%.
With China being New Zealand’s largest trade partner by far, and the US its third largest (just behind Australia), the impacts of this global standoff will be indirect but nevertheless significant.
GDP impacts of a trade war
To estimate the impacts of a US-China trade war, as well as other tariffs imposed by the US, I use the same global model of production, trade and consumption of goods and services employed to recently calculate the impacts of the Liberation Day tariffs.
As we can see, China and the US both lose from the tariff war. China’s GDP decreases by US$114 billion (0.58%), which equates to $236 per household per year on average. US GDP declines by $76 billion (0.25%) or $604 per household (all figures in US$).
The tariffs all but eliminate trade in goods between China and the US, except for electronic goods exported from China, which are subject to a lower tariff (for now).
Vietnam and India gain from the trade war because they produce many goods that substitute for Chinese products in the US market.
The trade war will affect New Zealand in at least three ways:
as the two nations buy less from each other, there is room for other nations to expand their exports to these markets
decreased incomes in China and the US will reduce global demand for all goods
and the tariffs will increase the costs of global supply chains.
The net effect is a 0.03% decrease in New Zealand’s GDP, equivalent to $70 million or $36 per household per year (roughly NZ$120 million and NZ$60 respectively).
The global US Trade Policy Uncertainty Index, last updated before the Liberation Day tariffs, is at a record high – 29 times higher than before the 2024 presidential election. This unprecedented uncertainty, coupled with the risk of high tariffs, is making exporters increasingly reluctant to commit to the US market.
The US currently accounts for 26.3% of global GDP. With higher future growth in many developing economies, especially in Asia, this is forecast to fall to 16.3% by 2050.
China is predicted to supplant the US as the world’s largest economy sometime in the 2030s, and by 2050 to account for 18.4% of global GDP (up from 16.9%).
India’s global GDP share is expected to increase significantly, from its current value of 3.7% to 9.7%. Indonesia and Philippines are also expected to grow rapidly.
New Zealand signed a free trade agreement with China in 2008 (and an upgrade to the agreement in 2022), has begun negotiations for one with India, and has regional agreements with many other rapidly developing Asian economies.
It remains to be seen whether Trump’s rollout of high tariffs signals a lasting policy shift or is merely a negotiating tactic to secure more favourable terms for US exporters. But New Zealand is well placed to pivot to alternative markets if needed.
Niven Winchester has previously received funding from the Productivity Commission and the Ministry of Foreign Affairs and Trade to estimate the impacts of potential trade policies. He is affiliated with Motu Economic & Public Policy Research.
Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.
Highlights:
Sudan
Sudan/Humanitarian
Security Council
Occupied Palestinian Territory
Myanmar
Democratic Republic of the Congo
South Sudan
Briefing Tomorrow
SUDAN
Today mark the second anniversary of the horrific war going on in Sudan, which has created the world’s biggest humanitarian and displacement crisis. Over 12 million people have fled their homes and more than 3.8 million of those have crossed into neighbouring countries.
More than 30 million people require humanitarian support. Half of the population of Sudan – some 25 million people – are acutely hungry. And as you well know, famine has been identified in at least five locations in the country and is projected to spread further.
In a statement to mark this grim milestone, the Secretary-General said that the only way to ensure the protection of civilians is to end this senseless conflict, adding that the external support and flow of weapons must end and those with greatest influence on the parties must use that influence to better the lives of people in Sudan, and they should not use that influence to perpetuate this disaster. The Secretary-General will continue to engage with regional leaders on means to enhance our collective efforts for peace. His Personal Envoy, Ramtane Lamamra, today is at the London Conference on Sudan and he told participants that he intends to intensify his interactions with interlocutors in Sudan and the broader region.
Mr. Lamamra added that urgent political engagement is needed to forestall Sudan’s permanent fragmentation, which would have obviously, grave consequences for the region and beyond. He reaffirmed our commitment to continue to back all efforts that seek to launch an inclusive and credible political process.
SUDAN/HUMANITARIAN
In a statement issued today, the Humanitarian and Resident Coordinator for Sudan, Clementine Nkweta-Salami, described the conflict as a crisis of humanity, emphasizing that millions of lives are hanging in the balance. She called for the protection of civilians and aid workers, full respect for international humanitarian law and of course, an immediate end to the violence.
Like other conflicts and wars, this one in Sudan has a huge toll that is mainly felt by women and children.
The UN Women today said that there is a 288 per cent increase in demand for lifesaving support following rape and sexual violence, with sexual violence and rape being systematically used as a weapon of war in Sudan.
The UN Children’s Fund (UNICEF) warns that the number of children in need of humanitarian assistance has doubled from 7.8 million in 2023 to more than 15 million today.
Meanwhile, the Office for the Coordination of Humanitarian Affairs (OCHA) remains deeply concerned by ongoing reports of mass displacement, mounting civilian deaths and continued access restrictions in North Darfur.
The International Organization for Migration (IOM) reports that up to 400,000 people have fled Zamzam camp in recent days, which is obviously due to the escalating insecurity in the camp. Most remain displaced within the locality of El Fasher, while others have sought refuge in the towns of Tawila and Dar As Salam.
As of today, Zamzam camp is inaccessible, and a communication blackout continues to hinder independent verification. Local sources are telling us that armed groups have taken control of the camp and are restricting the movement of those remaining, especially young people.
It is difficult unfortunately to verify the number of casualties due to the insecurities in North Darfur, but I can tell you that in the past three days alone, more than 400 people, including 12 humanitarian workers, have reported been killed in Zamzam and Um Kadadah in North Darfur, according to local NGOs. Among the casualties was the manager of a children’s centre in Zamzam, who died after being injured in shelling.
Eleven others were killed in an attack on a health facility operated by Relief International.
The UN urges all parties, yet again, to allow for safe, unhindered access for aid workers and to meet their obligations under international humanitarian law.
SECURITY COUNCIL
This morning, Security Council members met in closed consultations on Yemen. They heard from our Special Envoy Hans Grundberg and the Director of Operations and Advocacy at OCHA, Ms. Edem Wosornu.
This afternoon at 3:00 pm, they will reconvene in close consultations to hear about the situation in Sudan. Ms. Wosornu will brief again.
Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=15%20April%202025
Source: United States Senator for Alaska Dan Sullivan
04.14.25
I recently delivered my annual address to the Legislature in Juneau. I spoke about the success we’ve had in continuing our military build-up, including the possibility of re-opening the U.S. Navy base in Adak, to counter the unprecedented number of Russian and Chinese incursions near our air and waters.
I spoke about our veterans and how we’re continuing to work to make sure they get the benefits they have earned. We’ve also passed significant legislation, the Social Security Fairness Act, to ensure that our other outstanding public servants — like teachers, firefighters, police officers — get the Social Security benefits they have earned. I spoke about our focus on making aviation safer, and the work we’re doing to help our hard-working fishermen and coastal communities, all of whom have experienced very rough times recently.
But the heart of my speech centered on two visions for Alaska that have existed since statehood. One sees our state more run by an absent federal landlord who seeks to protect us and occasionally gives us scraps from the wealth of America’s table to keep us happy. This arrogant federal landlord view of Alaska reached its zenith under President Biden with his “Last Frontier lock-up” — 70 executive orders and actions exclusively focused on shutting down Alaska’s private sector economy, harming working families, and killing hundreds if not thousands of jobs.
The other vision, which I believe most Alaskans support, envisions unlocking the wealth of Alaska to create sustainable, private sector economic growth and good-paying jobs. With the stroke of a pen on his first day in office, President Trump fully endorsed this vision by issuing an Alaska-specific executive order that undoes much of the Biden lock-up and sent an unmistakable message that unleashing Alaska’s extraordinary resources and growing our economy is a top priority of his administration.
I encourage all Alaskans to read the EO, understand it, and most importantly, work to use it for the betterment of Alaskans. This executive order could help us achieve many of the big, long-sought ambitions in our state and create thousands of good-paying jobs.
To be clear, this EO is not a panacea. But we are the only state in the country that got one. Alaska has never seen such a positive signal directly from a U.S. president that we should pursue our vision of a state that seeks private sector wealth and job creation with a federal government that is a partner in opportunity, not a hostile opponent.
As I was delivering my speech in Juneau, the Interior Department released another order lifting the decades-obsolete Public Land Order 5150, long used to hinder major resource projects in our state. This order puts ANWR and NPR-A back on the table for responsible development and enables the State of Alaska to select lands along the Dalton Highway corridor for conveyance, including the land beneath the Trans-Alaska Pipeline, something Alaskans have been trying to get done since the 1970s.
We’ve also seen major progress on a dream that has eluded our grasp for decades — the Alaska LNG project. As a state and federal official, I’ve been working on this project for over 15 years. I understand there is skepticism. We have been hearing about this for decades. But the potential transformative benefits for our state are so huge, and the geostrategic imperative for America and our Asian allies so compelling, that my team and I have, for years, kept ramming our shoulders into the cement wall of Alaska LNG, hoping someday that this wall would give way.
As of late, a crack has developed — an 800-mile crack in this wall that shows undeniable progress.
After the November election, I met with President Trump and pitched him and his team on the huge benefits of this project for America. I asked the president for his full backing, and we’ve gotten it.
In his recent meeting with the Japanese Prime Minister, President Trump pressed him on the Alaska LNG project. And last month in his address to Congress, President Trump said:
“My administration is also working on a gigantic natural gas pipeline in Alaska—among the largest in the world—where Japan, South Korea, and other nations want to be our partner with investments of trillions of dollars each. There’s never been anything like that one. It will be truly spectacular.”
None of this progress happens by accident. I worked closely with Gov. Dunleavy and our teams to secure these actions.
But we’re pushing on an open door. The Trump administration wants to help Alaska.
In the past week, I’ve had productive discussions with President Trump, Treasury Secretary Scott Bessent and other members of Trump’s cabinet on prioritizing the Alaska LNG project and, in particular, long-term Alaska LNG off-take agreements from countries like Japan, South Korea and Taiwan in their tariff agreement negotiations. Both Trump and Bessent have stated that this is one of their goals in these negotiations.
In my speech, I respectfully asked our state legislators to find creative ways to build on this unprecedented momentum we’re seeing at the federal level for the Alaska LNG project, not stop it. To the naysayers and pessimists, I asked, what is the alternative for Alaskans? Importing gas from Canada or Mexico? If we do, energy prices are going to double or triple for our homes, businesses, schools, and hospitals. Low-cost energy will be closed for a generation, and the good-paying jobs and possibilities that go with the Alaska LNG project will flee our state — and so will our kids.
To be clear, I don’t agree with everything the Trump administration has done, particularly some of the DOGE actions in Alaska.
But difficult choices have to be made. Our $36 trillion national debt is at a dangerous and unsustainable level. Last year, we paid out more in interest on this debt — upwards of $950 billion — than we did to fund our military at about $870 billion. When you look at history, great powers begin to fail when they hit this precarious inflection point. These debt and spending levels also drive high inflation rates as we’ve seen over the past few years, which remain the top concern of Alaska families.
I’ve spoken directly with DOGE and Trump administration leaders regularly on this effort. They know that some mistakes will be made, and they want to work with us to correct them. We have had some successes reversing or preventing certain actions — on things like GSA leases and frozen federal funding on numerous projects across our state — particularly if they undermine the President’s Alaska-specific EO to unleash Alaska’s economy.
But it’s vital that we Alaskans not forget the bigger picture. We have opportunities like never before to grow our state’s economy, create thousands of good-paying jobs and permit and build our long-sought projects. Imagine what we could achieve with a nearly inexhaustible supply of our own affordable natural gas for the whole state. Imagine the private sector opportunities that could start here — a manufacturing base, thousands of good-paying jobs, a steady source of income for many years to come to our state’s coffers.
We can’t lose sight of the vision arising from our frontier heritage. This vision built our state and is still brimming with strength, invention, energy, and opportunity.
By: Sen. Dan SullivanSource: Anchorage Daily News
In line to strengthen the implementation of Centrally Sponsored Schemes and Programmes of the Ministry of Women and Child Development, Government of India, a series of high-level meetings were held today in Shillong. The Minister of State for Women and Child Development, Smt. Savitri Thakur, conducted a comprehensive review with senior officials of the Government of Meghalaya’s Social Welfare Department. The discussions focused on assessing progress in flagship schemes such as Poshan Abhiyan, Mission Shakti, and Mission Vatsalya. During the meeting, the Minister emphasised the need for strengthening service delivery mechanisms at the grassroots level, especially in the functioning of Anganwadi Centres.
The review highlighted critical areas including the need for regular and high-quality supplementary nutrition under the Integrated Child Development Services (ICDS), improving infrastructure at Anganwadi Centres to ensure they are child- and women-friendly, leveraging technology for real-time monitoring and beneficiary tracking, encouraging active community participation, and capacity building of Anganwadi workers for improved service outcomes.
Further, an in-depth review was held with the East Khasi Hills District Administration as part of the Minister’s visit to the North Eastern region. Attended by local MLA Ollan Singh Suin and representatives of various departments, the meeting included detailed presentations on the status of development schemes and infrastructure projects in the district. Discussions centred around the implementation of schemes related to women and child development, health, education, rural development, and livelihood generation, along with an assessment of progress in remote and rural areas and identification of key challenges.
The Minister lauded the efforts of the state government and stated, “Despite the difficulties in connectivity and electricity, officials are working with dedication to ensure that all schemes are effectively implemented. I commend their efforts and encourage them to keep updating data on the Poshan Tracker, as these reports help the Ministry respond quickly to on-ground needs.”
She further added, “We are committed to fulfilling Hon’ble Prime Minister Narendra Modi’s vision of a Viksit Bharat, and every step we take in empowering women and children brings us closer to that goal.
Later, the Minister of State paid a courtesy call to the Governor of Meghalaya, Shri. C H Vijayashankar. The meeting included discussions on state-led initiatives to enhance women and child welfare and boost community-based interventions for inclusive development.
The visit reflects the Prime Minister’s vision of strengthening the North Eastern region through focused development, inclusive growth, and enhanced delivery of welfare schemes. The meetings underscored the commitment of the Central and State Governments towards collaborative governance and improving the lives of women and children in Meghalaya. Field visits to Anganwadi Centres and project sites are scheduled for the next day to assess ground-level implementation and community engagement.
Source: Hong Kong Government special administrative region
The following is issued on behalf of the Committee for Safeguarding National Security of the Hong Kong Special Administrative Region:
Launched today (April 15) at the Hong Kong Convention and Exhibition Centre, the National Security Education Day activities were hosted by the Committee for Safeguarding National Security of the Hong Kong Special Administrative Region (the Hong Kong National Security Committee) and supported by the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region (LOCPG) and the Office for Safeguarding National Security of the Central People’s Government in the Hong Kong Special Administrative Region (OSNS). The Director of the Hong Kong and Macao Work Office of the Communist Party of China Central Committee and the Hong Kong and Macao Affairs Office of the State Council Mr Xia Baolong officiated at the opening ceremony of the National Security Education Day via video. Officiating guests attending the opening ceremony were the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) and the Chairman of the Hong Kong National Security Committee, Mr John Lee; Director of LOCPG and National Security Advisor of the Hong Kong National Security Committee, Mr Zheng Yanxiong; Head of OSNS, Mr Dong Jingwei; Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the HKSAR, Mr Cui Jianchun; and Political Commissar of the Chinese People’s Liberation Army Hong Kong Garrison, Navy Rear Admiral Lai Ruxin.
In his keynote speech delivered via video at the opening ceremony, Director Xia Baolong said that over the past decade, China had achieved historic successes in national security work, and Hong Kong had gone through an extraordinary journey from chaos to governance and then from governance to greater prosperity. History and reality tell us that external forces’ attempts to destabilise Hong Kong and use it to contain China will not change and can never succeed; the Chinese people will never accept bullying, and all Chinese people, including Hong Kong compatriots, cannot be intimidated or overwhelmed; Hong Kong compatriots have a long-standing tradition of patriotism and love for Hong Kong, and those who betray the Motherland and Hong Kong will never have a good ending.
Director Xia pointed out that currently, the practice of “one country, two systems” has entered a new stage. The good situation in Hong Kong today has come at a great cost and should be treasured. We must consolidate and develop this good situation. We must face the problems related to the development and security in Hong Kong, be vigilant and stay united. Every individual, group, enterprise and organisation needs to work together with Hong Kong compatriots and all Chinese people to defend Hong Kong and the country, ensure high-quality development with high-level security, and promote the steady and sustained practice of “one country, two systems”.
Director Xia mentioned three “beliefs”. It is believed that the national security institutions of the HKSAR will resolutely shoulder the sacred mission of maintaining national security and further strengthen the solid barrier for national security. It is believed that all sectors of Hong Kong society can actively fulfil their obligation to maintain national security and jointly protect their beautiful home – Hong Kong. It is believed that the business community and entrepreneurs can make Hong Kong their home, build their businesses, and contribute to both Hong Kong and the country with more practical actions.
Director Xia pointed out, “Many public officials in Hong Kong have been unreasonably sanctioned by the United States for their work in maintaining national security, but they are not afraid, are working steadfastly to fulfil their duties, and are willing to sacrifice their own interests for the benefit of the country. They take concrete actions to love and protect the country and Hong Kong, and I am proud of them,”
“It is hoped that Hong Kong’s business community and entrepreneurs will continue to play a leading role in driving economic development, carry forward the fine tradition of patriotism and love for Hong Kong, correctly understand the relationship between their own enterprises and the development of both Hong Kong and the nation, and always uphold righteousness and never forget national interests.”
Mr Lee expressed his gratitude to Director Xia Baolong for his care, guidance and support for Hong Kong all along. Mr Lee said, “The inspiring speech by Director Xia reminds us to not forget the past and to be vigilant about national security risks. We must also resolutely uphold national security and ensure the prosperity and stability of Hong Kong further.”
At the opening ceremony, Mr Lee said, “The world is undergoing unprecedented changes at an accelerating pace. Hong Kong will face increasingly turbulent risks to national security in the future. We must remain vigilant, as the aftermath of the 2019 ‘black-clad’ violence has not yet ended. Anti-China subversive forces in Hong Kong continue to attempt a resurgence, engaging in ‘soft resistance’ and inciting hatred and resentment,”
“Moreover, the United States’ wanton suppression of China and the HKSAR has become increasingly fanatical. In the face of the United States’ unbridled hegemonism, the HKSAR fully supports our country’s efforts to respond to the United States’ challenges, to defend China’s legitimate rights and interests, and to uphold international fairness and justice. At the same time, Hong Kong is committed to maintaining its status as a free port with virtually zero tariffs and pursuing open and free trade. With the resilience, adaptability, and indomitable spirit of the Hong Kong people, the city will once again navigate through adversity and emerge stronger, proving its worth as like pure gold standing the test of fire,”
“The international landscape is complex and fast changing, and threats to national security can appear suddenly. We must always stay vigilant and, when embracing immense challenges, be prepared in the following four areas: (1) resolutely, fully and faithfully implement the ‘one country, two systems’ principle; (2) thoroughly implement the holistic approach to national security; (3) continuously improve the legal system and enforcement mechanisms for safeguarding national security; (4) actively promote by way of education across society the need to safeguard national security of our own accord.”
“The SAR government will fulfil its constitutional responsibility to safeguard national security, effectively resolve the conflicts and problems in the course of development and reforms, proactively identify, adapt to, and drive changes, deepen international exchanges and cooperation, and actively integrate into the broader national development landscape. At the same time, it will properly deal with all complex situations, spare no efforts in safeguarding national sovereignty, security and development interests, and make greater contributions to the building of a strong country and the great rejuvenation of the nation.”
In his speech, Director Zheng emphasised the need to further strengthen the foundation for the awareness of safeguarding national security; to better coordinate high-quality development with high-level security; and to actively pursue Hong Kong’s important mission in this new stage.
“If our security foundations are not firmly supported or are unstable, our development will be precarious and will risk collapsing. Likewise, if we delay or neglect development, the foundation for our security will also become unstable. We must resolutely coordinate high-quality development with high-level security, and safeguard and advance the blossoming prospect and positive atmosphere that Hong Kong has been hard winning,”
“It is essential to remember that building and developing Hong Kong well is, in itself, a powerful contribution to Chinese-style modernisation.”
In his speech, Director Dong Jingwei stated, “We must not forget the painful scenes and lessons related to the proposed legislative amendments to the Fugitive Offenders Ordinance, and we must remain clear-eyed about the ever-changing and complex national security landscape while firmly establishing the belief that ‘development is one overriding principle; security is another’,”
“National security has never been a blessing from others. Flattery leads nowhere; submission has no future; and pleading only guarantees elimination,”
“On this new journey in the new era, Hong Kong’s national security work requires strategic confidence, a firm belief in victory, and a strong hold on the strategic initiative in safeguarding national security.”
Commissioner Cui Jianchun stated in his speech that the United States prioritises its own interests above the common good of the international community, and such zero-sum mentality engenders division and confrontation, bringing significant instability and uncertainty to the world.
“I believe Hong Kong can proactively adapt to changes and seize opportunities, fully leveraging the core advantages of ‘one country, two systems’ and its role as a bridge connecting domestic and global markets. By steadfastly utilising its unique status as a free port, Hong Kong can make distinctive contributions to upholding the multilateral trading system and promoting the building of a shared future for the neighbouring communities!”
Rear Admiral Lai Ruxin in his speech said that since its stationing in Hong Kong, the Garrison has been resolutely implementing the “one country, two systems” principle, the Basic Law of the HKSAR, and the Garrison Law, and firmly safeguarding the prosperity and stability of Hong Kong.
“All officers and soldiers of the Hong Kong Garrison will remain unwavering in following the Party’s command, enhancing combat readiness training, sincerely caring for Hong Kong and its people, and resolutely upholding national sovereignty, security, and Hong Kong’s long-term prosperity and stability.”
The HKSAR Government has been comprehensively promoting national security education through creative approaches with rich content. In August last year, the National Security Exhibition Gallery (the Gallery) was established, which is the first thematic gallery in the HKSAR dedicated to the systematic promotion of national security education, and also the first national security education base in the HKSAR. In just eight months since its opening, the Gallery has already registered over 600 000 visits. To mark the 10th National Security Education Day this year, the Gallery launched a thematic exhibition last month to reflect on the development of national security education advanced by both the country and the HKSAR Government over the years. In addition, the National Security Education District Tutor Training Scheme started in November last year. So far, about 3 000 district tutors have completed the training and have shared national security messages with over 120 000 people in the communities. In this academic year, the “Territory-wide Inter-school National Security Knowledge Challenge” has, for the first time, introduced an English section for non-Chinese speaking secondary school students, in addition to the primary and secondary school sections. A total of 610 schools participated, with over 126 000 students taking part, which represented an increase of more than 20 per cent as compared to last year’s. After several rounds of competitions, a total of 130 students and their coaching teachers joined the National Security Education Study Tour to visit Beijing and Shanghai in December last year. At today’s opening ceremony, students from the study tour shared their experiences of the journey via a short play. Through heartfelt and lively dialogues in a time-travel setting, the young generation of Hong Kong won the approval of the guests in their display of the sense of national identity, the awareness in safeguarding national security of their own accord, and the aspiration to serve the country.
Apart from the above, the disciplined services held a solemn and grand flag-raising ceremony on the morning of April 15, and “National Security Cup” sports events and open days before and after April 15. In addition, 18 District Councils have organised different events, including seminars, carnivals, competitions, lectures, for Hong Kong citizens to participate in and understand national security.
The National Security Law of the People’s Republic of China stipulates that April 15 each year is the National Security Education Day. The aim of National Security Education Day is to raise citizens’ awareness of safeguarding national security and help them appreciate that everyone has a responsibility for safeguarding national security and that everyone should fulfil such responsibility.
Ministry of Labour & Employment signs MoU with Swiggy in Presence of Union Ministers Dr. Mansukh Mandaviya and Sushri Shobha Karandlaje MoU to Enhance Gig and Logistics Employment Opportunities on NCS and Create Over 12 Lakh Job Opportunities in 2–3 years
Posted On: 15 APR 2025 7:08PM by PIB Delhi
Ministry of Labour & Employment and Swiggy signed a Memorandum of Understanding (MoU) in New Delhi today, marking a significant step toward strengthening employment linkages in the gig and logistics sector through the National Career Service (NCS) portal. The MoU was signed in the presence of Union Minister of Labour & Employment, Dr. Mansukh Mandaviya and Union Minister of State for Labour & Employment, Sushri Shobha Karandlaje.
In his address, Dr. Mandaviya stated, “The National Career Service portal is a dynamic platform connecting job seekers and employers across India. With over 1.25 crore active job seekers and 40 lakh registered employers as of January 31, 2025, it is playing a crucial role in workforce mobilization. This partnership with Swiggy will further extend the portal’s reach into the fast-growing gig and platform economy, enabling access to flexible and location-based opportunities for millions of youth.”
Dr. Mandaviya welcomed the collaboration and appreciated Swiggy’s commitment to potentially mobilize over 12 lakh job opportunities in the next 2–3 years through the NCS portal. “This collaboration represents a win-win model, while Swiggy will gain access to a diverse, skilled, and job-ready talent pool, lakhs of job seekers across the country will benefit from enhanced visibility and access to employment opportunities,” Union Minister said.
Highlighting the platform’s accessibility and reach, Union Minister reiterated the government’s vision of making NCS a one-stop solution for employment, skilling, and counselling, and at the same time capable of hyperlocal job matching and supporting both domestic and international placements.
Under this MoU, Swiggy will integrate its gig opportunities—including delivery, logistics, and support roles—onto the NCS portal. This real-time integration will enhance visibility of gig jobs for NCS users, who will benefit from timely and verified work opportunities across urban and semi-urban areas.
Mr. Dinker Vashisht, Chief of Cooperate Affairs, Swiggy, welcomed the collaboration and emphasized the importance of partnerships between Gig platform and government platforms to scale employment. “Swiggy’s journey showcases how digital entrepreneurship can transform livelihoods. This MoU will empower job seekers and align with our commitment to inclusive growth in the new-age economy.”
It is one of the steps, in the series of signing MoUs with the private employers/ portals, other leading employment/ Gig platforms etc. to bridge the gap between jobseekers and private sector employment, enabling a holistic approach to public-private coordination in job facilitation.
Salient Points of the MoU:
Swiggy will regularly post verified gig and delivery job opportunities on the NCS portal and conduct hiring through it.
API-based integration will ensure real-time job postings and seamless application tracking for users.
Focus on inclusive hiring, particularly promoting employment opportunities for youth, women, and those seeking flexible work.
The partnership is expected to support structured onboarding, digital empowerment, and awareness of worker welfare schemes.
The Ministry of Labour & Employment remains committed to improving employment outcomes across sectors through the NCS portal and will continue engaging with the private sector to foster an enabling ecosystem for India’s diverse workforce.
. Pillen Announces Resignation of DHHS Director Menefee of Public Health
LINCOLN, NE — Today, Governor Jim Pillen announced the resignation of Charity Menefee, director of the Division of Public Health in the Department of Health and Human Services (DHHS). Menefee, who has served the state since 2021, has made the decision to step down to dedicate more time to her family. Her resignation is effective May 9.
Gov. Pillen expressed his appreciation for Menefee’s dedicated public service, including her service in the military. Menefee recently retired as a lieutenant colonel in the Tennessee Air National Guard after 25 years.
“Charity leaves public service with an impeccable record of dedication to the health and well-being of Nebraskans,” said Gov. Pillen. “Under her leadership, the division reduced processing times from 100 days to 25 for certain licenses and improved disease tracking capabilities throughout the state.”
“Director Menefee stands as the shining example of a person who puts others first,” said DHHS CEO Steve Corsi. “Whether it consisted of late-night meetings coordinating with stakeholders or spending weekends in support of operations tracking infectious diseases and ensuring they were contained, Charity was there to ensure the people of Nebraska were protected.”
“Leading and serving alongside the dedicated people at the Division of Public Health has been the greatest honor of my career,” said Menefee. “I deeply appreciate Governor Pillen for his trust in appointing me and his strong commitment to public health. I also thank CEO Steve Corsi for his support and leadership.”
Further information regarding interim leadership and the selection of permanent leadership will be announced at a later date.
The Committee on Constitutional Affairs held a hearing aiming to identify the constitutional hurdles Member States came across on the reforms of European electoral law and to find possible solutions.
The Commission will not comment about statements made by former Commissioners in their private capacity.
The Commission has no powers to intervene in national elections. The conduct and the organisation of elections, and any decisions related to the electoral process, are the competence and responsibility of the Member States, in accordance with their national legislation, international obligations and applicable EU law. National authorities and courts are primarily responsible for ensuring compliance with applicable rules.
Free and fair elections are at the core of democracy. The Commission supports Member States on electoral matters, notably through the framework of the European Cooperation Network on Elections, which brings together national authorities with competences in electoral matters and facilitates the exchanges of information and best practices.
The Commission is also working with Member States to support the application of EU law provisions which are relevant in national electoral contexts in the EU, such as the Digital Services Act[1], Regulation 2024/900 on the transparency and targeting of political advertising[2] (which will apply in full from October 2025), the General Data Protection Regulation[3] and the Artificial Intelligence (AI) Act[4] (if AI is used to influence the outcome of an election).
In 2023, the Commission published a recommendation on inclusive and resilient electoral processes in the Union[5].
[1] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32022R2065 In 2024, the Commission issued Guidelines for providers of Very Large Online Platforms and Very Large Online Search Engines on the mitigation of systemic risks for electoral processes, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52024XC03014&qid=1714466886277
The EU’s relationship with Algeria is multifaceted. The EU remains Algeria’s largest trade partner. Algeria is the EU’s third-largest gas supplier, and its vast renewable energy potential makes it a key partner in the green transition. Both also share a strategic interest in stabilising the Sahel.
Algeria is a country of origin, transit and destination for migration. While many Algerians migrate legally to Europe, Algeria has also become a hub for sub-Saharan migrants — some settling, others transiting.
It seeks closer cooperation with the EU on the voluntary return of sub-Saharan migrants, facilitated through the International Organisation for Migration. EU efforts to engage Algeria on the readmission of its nationals illegally staying in the EU remain challenging for several Member States.
EU financial support is primarily channelled through international partners rather than the Algerian government. No financing instruments used for Algeria directly link funding to specific policy measures. As a result, political dialogue remains the primary tool for advancing cooperation on migration and security.
EU development cooperation supports Algeria’s economic diversification, critical given its high hydrocarbon dependency and youth unemployment.
Funds are allocated through pillar-assessed partners (e.g. United Nations agencies, Member State development agencies) to ensure effective implementation.
The Commission does not have detailed information on the case, thus, a reply can be only general. Direct awards of public contracts or concessions, without a public call for tender, might infringe EU competition law or other applicable provisions of EU legislation, namely Directive 2014/23/EU[1], Directive 2014/24/EU[2] or Directive 2014/25/EU[3], depending on the nature, the subject matter and the value of the contract.
Port services are subject to Regulation (EU) 2017/352[4], which applies to all maritime ports of the trans-European transport network. Under Article 6(4) of the Port Services Regulation, where the managing body of the port, or the competent authority, decides to limit the number of providers of a port service, it shall follow a selection procedure which shall be open to all interested parties, non-discriminatory and transparent.
Under EU competition law, a case-by-case assessment is required. Failure to comply with a legislation adopted by a Member State cannot constitute a per se violation of Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU).
However, the behaviour arising out of such failure to comply with a national legislation might also cause an infringement of Articles 101 and 102 TFEU.
If a State measure causes an infringement of EU competition law, the Commission may start proceedings pursuant to Article 106 TFEU in conjunction with Articles 101 and/or 102 TFEU.
Similarly, in case of finding of a breach of the applicable EU rules on the award of public contracts or concessions, the Commission may initiate an infringement procedure against a Member State under Article 258 TFEU for failure to comply with its obligations under EU law.
[1] Directive 2014/23/EU of the European Parliament and of the Council of 26 February 2014 on the award of concession contracts, OJ L 94, 28.3.2014, p. 1-64.
[2] Directive 2014/24/EU of the European Parliament and of the Council of 26 February 2014 on public procurement and repealing Directive 2004/18/EC, OJ L 94, 28.3.2014, p. 65-242.
[3] Directive 2014/25/EU of the European Parliament and of the Council of 26 February 2014 on procurement by entities operating in the water, energy, transport and postal services sectors and repealing Directive 2004/17/EC, OJ L 94, 28.3.2014, p. 243-374.
[4] Regulation (EU) 2017/352 of the European Parliament and of the Council of 15 February 2017 establishing a framework for the provision of port services and common rules on the financial transparency of ports, OJ L 57, 3.3.2017, p. 1-18.
Source: United States Senator for Delaware Christopher Coons
WASHINGTON – U.S. Senators Chris Coons (D-Del.), Todd Young (R-Ind.), John Cornyn (R-Texas), and John Hickenlooper (D-Colo.) introduced The Finding Opportunities for Resource Exploration (Finding ORE) Act to strengthen U.S. mineral security and reduce strategic vulnerabilities. Representatives Rob Wittman (R-Va.) and Kathy Castor (D-Fla.) will introduce a companion bill in the U.S. House of Representatives.
Critical minerals are essential to producing technologies for the defense, semiconductor, automotive, and energy sectors—industries that will determine America’s economic future and global influence. Although we have an abundance of domestic mineral resources, demand already outstrips this supply. We must work with allies and partners to achieve mineral security. Additionally, the U.S. is heavily dependent on China for production and processing of many key critical minerals. This bill would leverage the strengths of the U.S. Geological Survey (USGS) in geological mapping of critical mineral reserves while giving U.S. firms a leg up in responsibly developing global mineral resources around the world.
“From the technology that powers the cell phones in our pockets to the systems that keep us safe, Americans depend on critical minerals for our economic strength and national security,” said Senator Coons. “The Finding ORE Act makes sure that our nation will have access to the essential materials we need to keep innovating, growing our economy, and deterring our enemies. I’m grateful for the bipartisan and industry support this bill has received and look forward to pushing for its enactment.”
“Many countries are unmapped or reliant on outdated geological surveys. Our bill would create opportunities for collaboration between the United States and these countries to update geological mapping with the goal of locating critical mineral deposits. These partnerships would be mutually beneficial and provide the United States access to more critical minerals, reducing our dependence on China,” said Senator Todd Young.
“We can’t solve climate change or strengthen national security without harnessing the power of critical minerals,” said Senator Hickenlooper. “Better and more accurate maps will help us and our allies safely and ethically explore untapped critical mineral deposits.”
“Access to a reliable supply chain of critical minerals is essential to meet our nation’s defense, manufacturing, and energy needs,” said Senator Cornyn. “By shoring up alliances with trusted allies and promoting geological mapping of critical mineral reserves, this legislation would ensure America has the resources needed to keep up with global demand and bolster both our mineral security and national security in the years ahead.”
“Critical minerals and rare earth elements are the building blocks of our modern economy and our national security,” said Representative Wittman. “This bill ensures that the United States can work hand-in-hand with like-minded nations to identify and responsibly develop these essential resources, while strengthening supply chain resilience and promoting American leadership in mineral exploration. Through this bill, we are reinforcing our alliances, building technical capacity, and supporting global standards in responsible mineral development. I’m proud to introduce the Finding ORE Act as a forward-looking solution to this pressing global challenge.”
“America’s dependence on adversarial nations for critical minerals poses a significant threat to our national security and our clean energy future,” said Representative Castor. “The Finding ORE Act leverages our expertise in geologic mapping to promote the sustainable development of critical mineral supply chains through international partnerships. This legislation will make our nation safer and stronger while supporting our strategic alliances. I’m grateful to my bipartisan colleagues for working together to enhance U.S. leadership in the clean energy transition.”
“The United States has too often watched from the sidelines as our adversaries explored, invested in, and secured the world’s most promising mineral deposits,” said Abigail Hunter, Executive Director of SAFE’s Center for Critical Minerals Strategy. “This bill changes that. It positions the United States—our geological experts and industry—to help identify and potentially develop the next generation of great deposits. It ensures we show up in resource-rich nations, rather than leaving them to deepen their ties with China.”
“The American Critical Minerals Association welcomes the bipartisan, bicameral introduction of the Finding ORE Act by Senators Coons, Young, Hickenlooper, and Cornyn and Representatives Wittman and Castor,” said Sarah Venuto, Executive Director of ACMA. “Expanding our knowledge base of global minerals resources and growing partnerships with our allies will ensure the United States is a leading force in resourcing critical minerals in a responsible way. ACMA looks forward to working with Senator Coons and his colleagues to advance the Finding ORE Act.”
“Colorado School of Mines commends Senators Coons, Young, Hickenlooper, and Cornyn and Reps. Wittman and Castor for their bipartisan efforts to leverage U.S. expertise in mineral mapping to support safe, secure, and responsible mineral supply chains,” said Dr. John Bradford, Vice President for Global Initiatives at Colorado School of Mines. “When called upon to contribute, institutions with strong partnerships with USGS, like Colorado School of Mines, seek to support America’s government and industry partners to advance the technology, knowledge, and workforce required to responsibly identify, assess, and produce mineral resources in the U.S. and around the world.”
“BPC Action applauds the bipartisan introduction of the Finding ORE Act. The bill will strengthen U.S. supply chain security by enhancing coordination with allies on critical mineral development, helping secure new critical minerals sources free from adversary control,” said Michele Stockwell, president of Bipartisan Policy Center Action (BPC Action).
“Terra AI celebrates this forward-thinking, bi-partisan critical minerals exploration legislation introduced by Senators Coons, Young, Hickenlooper, and Cornyn and Reps. Wittman and Castor,” said John Mern, CEO of Terra AI. “The Finding ORE Act would empower America’s agencies and private firms to explore and claim the next major deposits of critical minerals which will supply our industries for decades to come; supporting manufacturing, aerospace, energy, and artificial intelligence. We support this act’s unique approach to winning the critical minerals race by leveraging America and Her Allies’ relative advantages — strong diplomatic relations, world-leading technology, and entrepreneurial spirit. This act is the essential early stage first step to establishing US global mineral dominance and winning this generational opportunity. As a mineral exploration AI company, we see huge value in collaboration between the private sector and our nation’s diplomatic, geologic and financial agencies abroad. It is a winning playbook, and we look forward to seeing more legislation in this area.”
The Finding ORE Act would authorize the Director of USGS to enter into memoranda of understanding (MOU) with foreign partner countries related to mapping of critical minerals. The bill identifies four objectives for these MOU:
Committing USGS to assist the partner country with a range of critical mineral mapping activities
Committing the partner country to offer a right of first refusal to private companies based in the United States or an allied country in the further development of mapped critical minerals
Facilitating investment in the development of critical minerals in the partner country, including by leveraging financing from the U.S. Development Finance Corporation and Export-Import Bank
Ensuring that mapping data created through partnership with USGS is not disclosed to governmental or private entities in non-allied countries
The bill requires USGS to collaborate with both the State Department and the private sector in identifying which countries to prioritize for negotiation of an MOU and would involve the State Department in the negotiation and implementation process.
A one-pager on the bill is available here.
The full text of the bill is available here.
Source: United States Senator for Alabama Tommy Tuberville
WASHINGTON – U.S. Senator Tommy Tuberville (R-AL) joined U.S. Senator Pete Ricketts (R-NE) in sending a letter to Commerce Secretary Howard Lutnick regarding the Biden administration’s AI Diffusion Rule (AIDR). The letter calls on President Trump’s administration to withdraw Biden’s overly restrictive rule and propose an alternative that is effective in preventing Communist China from capturing the world market in leading technology.
“We applaud President Trump’s commitment to ensuring American dominance in the tech sector,” the senators write. “Today, we are in an enviable position: American companies dominate in crucial areas that will define tomorrow’s economy including semiconductor design, compute infrastructure, and artificial intelligence (AI). This leadership position has been hard fought. Maintaining and growing our tech lead requires diligently advancing an American-led, global ecosystem around the world.”
“With the compliance deadline of May 15, 2025, rapidly approaching, immediate action is necessary to prevent irreversible damage to American innovation and competitiveness,” the senators continue. “Every day this rule remains in place, American companies face mounting uncertainty, stalled investments, and the risk of losing critical global partnerships that cannot be easily regained. Therefore, we urge you to withdraw this rule and propose an alternative that is effective in preventing Communist China from capturing the world market in a leading technology without compromising American advantages.”
Sens. Tuberville and Ricketts were joined by Sens. Ted Budd (R-NC), Markwayne Mullin (R-OK), Eric Schmitt (R-MO), Thom Tillis (R-NC), and Roger Wicker (R-MS) in signing the letter.
Read full text of the letter below or here.
“Dear Secretary Lutnick:
We applaud President Trump’s commitment to ensuring American dominance in the tech sector. Today, we are in an enviable position: American companies dominate in crucial areas that will define tomorrow’s economy including semiconductor design, compute infrastructure, and artificial intelligence (AI). This leadership position has been hard fought. Maintaining and growing our tech lead requires diligently advancing an American-led, global ecosystem around the world.
Concerningly, President Biden’s recently issued Artificial Intelligence Diffusion Rule
(AIDR) threatens to undermine this leadership and advancement. Among other things, the rule categorizes countries into three tiers, imposing complex restrictions on the purchase of U.S. technology. Only Tier 1 countries—limited to just 18 nations—would have access to American technology. Even these 18 would only have access if they comply with a burdensome and ever-evolving set of federal regulations. The vast majority of nations fall into Tier 2. These countries face arbitrary purchase limits and a cumbersome licensing process to acquire U.S. computing technologies. Strikingly, key allies and partners like Israel have been inexplicably excluded from the top tier and placed into Tier 2. Tier 3 countries, including Communist China, are already rightly restricted.
While the AIDR claims to provide secure ecosystems for the responsible diffusion of AI, this rushed midnight rule’s impact and overly broad scope will result in consequences that divorce it from its intent. Fundamentally, the rule places burdensome constraints on U.S. companies that would be difficult to comply with and even harder for the Federal government to enforce. Buyers, particularly in Tier 2 countries that are constrained from purchasing U.S. technology, would be incentivized to turn to Communist China’s unregulated, cheap substitutes. Additionally, technology companies in Tier 2 countries could be motivated to create their own AI technology stack that is outside our export control regime. Neither outcome furthers our nation’s long-term economic and national security goals.
With the compliance deadline of May 15, 2025, rapidly approaching, immediate action is necessary to prevent irreversible damage to American innovation and competitiveness. Every day this rule remains in place, American companies face mounting uncertainty, stalled investments, and the risk of losing critical global partnerships that cannot be easily regained. Therefore, we urge you to withdraw this rule and propose an alternative that is effective in preventing Communist China from capturing the world market in a leading technology without compromising American advantages.
Sincerely,”
Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
First Deputy Prime Minister of Russia Denis Manturov and Minister Coordinating for Economic Affairs of the Republic of Indonesia Airlangga Hartarto held the 13th meeting of the Russian-Indonesian Joint Commission on Trade, Economic and Technical Cooperation. Its participants considered a wide range of issues of bilateral cooperation in the fields of trade, industry, investment, transport and energy, as well as science, education and culture.
Despite global challenges, bilateral trade between Russia and Indonesia is showing positive dynamics. Over the past five years, mutual trade turnover has grown by more than 80% (to $4.3 billion by the end of 2024), and last year Indonesia was among Russia’s three leading foreign trade partners in ASEAN. “At the same time, the potential for economic cooperation is much broader. This was confirmed, among other things, by the Russian-Indonesian business forum held yesterday in Jakarta. Business circles are demonstrating practical interest in developing mutually beneficial cooperation. Given the success of the format, I propose to continue the practice of combining such business events with commission meetings. I also consider it necessary to encourage the participation of Russian and Indonesian companies in major congress and exhibition events held in our countries,” Denis Manturov noted.
The business dialogue between Russia and Indonesia contributes to the diversification of the trade structure. Thus, along with fuel and energy products, the export of food and mineral fertilizers is growing. In 2023, deliveries of Russian wheat resumed. “We expect to begin shipping meat products that will meet halal standards in the near future. We see opportunities for developing the export of forestry and metallurgy products,” the First Deputy Prime Minister emphasized.
The conclusion of the Free Trade Agreement between the EAEU and Indonesia, as well as the intergovernmental agreement on cooperation and mutual assistance in customs matters will allow further increase in trade turnover and simplify procedures for mutual access of goods to markets. Denis Manturov also emphasized the importance of ensuring uninterrupted mutual settlements.
Special attention at the meeting was paid to the development of cooperation in the field of digital technologies. Domestic companies are ready to implement their own developments in the field of information security, artificial intelligence and smart city technologies in Indonesia. The First Deputy Prime Minister also confirmed readiness for dialogue on projects in the space industry, including technologies for remote sensing of the Earth, satellite navigation, manned spaceflight and personnel training.
Cooperation in the spheres of culture, education, tourism and sports is developing successfully. Speaking about strengthening partnership relations in the media, Denis Manturov welcomed the plans of the Russia Today TV channel to jointly produce news content in Indonesian for local channels, which will allow objective coverage of both the Russian-Indonesian agenda and global events in the interests of the audience of our countries.
Following the event, a final protocol was signed, as well as a Memorandum of Understanding between Rosakcreditatsiya and the Indonesian Halal Product Quality Assurance Agency, which is aimed at improving the conditions for access of halal products to the Indonesian market. In addition, an Agreement on Cooperation in the Field of Improving Quality and Business Excellence was signed between Roskachestvo and the Indonesian Association for Quality and Productivity Management, as well as an Agreement on Cooperation in the Field of Sports between the Russian National Badminton Federation and the Indonesian Badminton Association.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Source: United States House of Representatives – Congressman Ron Estes (R-Kansas)
On Tax Day, organizations and innovators are continuing to show support for the American Innovation and R&D Competitiveness Act, legislation introduced by Reps. Ron Estes (R-Kansas) and John Larson (D-Connecticut) that permanently allows for immediate research and development expensing looking back to 2022 when the provision expired. Reps. Estes and Larson were joined by Reps. Rudy Yakym (R-Indiana) and Suzan DelBene (D-Washington) and the bill has an additional 70 cosponsors evenly split between Republicans and Democrats. The statements below are in addition to support expressed by the National Association of Manufacturers and the Association of Equipment Manufacturers when Reps. Estes and Larson introduced the bill in March.
“The Aerospace Industries Association is grateful for the continued bipartisan support of the American Innovation and R&D Competitiveness Act, which will restore immediate research and development expensing — allowing innovation to flourish among America’s aerospace and defense companies and ensuring we continue to outpace our adversaries. We thank Congressman Estes and Congressman Larson for championing these efforts and supporting American business by reintroducing this important bill,” said Eric Fanning, president and CEO, Aerospace Industries Association.
“Restoring full and immediate R&D expensing is essential to the future of American manufacturing and the competitiveness of the U.S. plastics industry,” said Chris Rager, vice president of government affairs, Plastics Industry Association. “Our sector supports over one million jobs and drives innovation in critical areas like healthcare, automotive, and sustainable packaging. This bipartisan measure will help ensure manufacturers can continue investing in next-generation technologies that strengthen our economy, advance sustainability, and keep the United States at the forefront of global innovation.”
“The American Innovation and R&D Competitiveness Act is a beacon of hope for U.S. manufacturers as we face unfair global competition,” said Eric Axel, executive director, American Medical Manufacturers Association. “By reinstating immediate R&D expensing, this bipartisan legislation empowers domestic makers of critical medical supplies to innovate, compete, and safeguard our public health and national security. It’s a crucial step towards ensuring America remains a leader in producing life-saving supplies, fostering economic resilience, and creating high-paying jobs nationwide.”
“Our research and development efforts drive advancements in magnetic technologies used across food processing, recycling, and advanced manufacturing. These innovations not only help protect equipment and ensure safety—they also support good-paying, skilled jobs in Kansas. Restoring immediate expensing for R&D, as proposed in Congressman Estes’ legislation, would give manufacturers like us the certainty and resources we need to keep hiring, expanding, and staying competitive. We’re grateful for his leadership and strong support of Kansas manufacturers,” said Robert Bunting Jr., president & CEO, Bunting in Newton, Kansas.
You can read the full text of the bill here.
Background Rep. Estes has been a leader in advocating for American innovation. In the previous Congress, Reps. Estes and John Larson (D-Connecticut) reintroduced H.R. 2673 – the American Innovation and R&D Competitiveness Act – on April 18, 2023. Rep. Estes delivered remarks on the House floor in April of 2023 and numerous organizations offered their support following the bill’s introduction. In June, Rep. Estes testified on the legislation in a Small Business Committee subcommittee, discussed the bill during a Ways and Means markup for the Committee’s Build It in America Act – an economic package that included a version of Rep. Estes’ bill and was reported out of committee and penned an op-ed for The Hill highlighting the then more than 100 cosponsors and touting the benefits of the legislation. In December, Rep. Estes spoke to Tax Notes about the expired provision and published an op-ed in Newsweek unpacking the positive outcomes – for individual taxpayers and across the economy – made possible by the Tax Cuts and Jobs Act (TCJA) of 2017 and explaining how his bipartisan bill offers a solution to the expired R&D expensing provision that would help restore America’s dominance in R&D and secure American jobs.
In April of 2024, Ways and Means Committee Chairman Jason Smith (R-Missouri) and Tax Subcommittee Chairman Mike Kelly (R-Pennsylvania) named Rep. Estes chair of the newly formed U.S. Innovation Tax Team, one of ten working groups comprised of committee members to study key tax provisions from the 2017 Trump tax cuts that are set to expire in 2025. Rep. Estes talked with innovators and manufacturers throughout Kansas in August and September and led a delegation with House Ways and Means Chairman Jason Smith (R-Missouri) and then-Tax Team Vice Chair Michelle Steel (R-California) to Silicon Valley later in September to meet with U.S. innovators and stakeholders about the upcoming TCJA expirations.
Source: Africa Press Organisation – English (2) – Report:
MARRAKECH, Morocco, April 15, 2025/APO Group/ —
During the third annual edition of GITEX AFRICA Morocco (www.GITEXAfrica.com), the continent’s largest tech and startup show, His Excellency Mr. Amine Tehraoui, Morocco’s Minister of Health and Social Protection announced the launch of GITEX FUTURE HEALTH AFRICA/Morocco – in partnership with KAOUN International, organiser of GITEX in Africa and globally.
The much anticipated and pivotal event for the healthcare economy was officially launched with the signing of the partnership agreement, and will be held under the authority of Morocco’s Minister of Health and Social Protection, hosted in partnership with Mohammed VI Foundation for Sciences and Health (FM6SS), and organised by KOAUN International, the organiser of GITEX in Africa and globally.
To be hosted in Casablanca from 21-23 April 2026, GITEX FUTURE HEALTH AFRICA/Morocco, featuring GITEX DIGI_HEALTH, is set to lead the transformation impetus of Morocco and Africa to combat challenges in healthcare information, delivery, access and efficiency, capitalising on the emergence of AI and digital technologies.
H.E. Mr. Amine Tehraoui, Minister of Health and Social Protection, stated:“GITEX FUTURE HEALTH AFRICA/Morocco embodies the Kingdom’s unwavering commitment to health as a fundamental and universal human right, enshrined in our national vision for health system reform. As digital innovation, data intelligence, and health tech increasingly shape the future of care delivery across Africa, this platform reinforces Morocco’s position as a regional hub for collaboration, talent, and investment. Through international partnerships, strategic innovation, and shared expertise, we have a unique opportunity to co-build inclusive, resilient, and people-centered healthcare systems for the continent and beyond.”
For its part, the Mohammed VI Foundation for Sciences and Health emphasized its strategic vision: “As a major player in the fields of health, training, and scientific research, the Mohammed VI Foundation for Sciences and Health is committed, alongside the Ministry of Health and Social Protection and KAOUN International, to making Morocco a continental hub for healthtech. By contributing its medical and academic expertise through the development of digital health and medical technologies in Morocco and Africa, we aim to help shape the healthcare ecosystem of tomorrow.”
Morocco has emerged as a pioneer in digital health initiatives and advancing expeditiously towards an integrated health information system, fostering the adoption of innovative medical technologies to build a resilient healthcare infrastructure and system. The African healthcare market is estimated to be worth US$259 billion and expected to become the second biggest market after the US by 2030.
Trixie LohMirmand, CEO of KAOUN International, organiser of GITEX globally, commented: “There is urgency from governments and healthcare institutions worldwide – and especially in Africa – to modernise and digitise their healthcare services to increase reach, reduce healthcare costs and deliver better patient outcomes. GITEX FUTURE HEALTH AFRICA/Morocco will highlight the role and growing influence of AI and new digital solutions to improve data-driven decision making and reduce health inequities. The event will prioritise public-private partnerships which are particularly instrumental in this digital mission to advance the industry productively and efficiently.”
The three-day event will open with an agenda shaping leadership summit tackling powerful themes – accelerating cutting-edge solutions set to transform access, outcomes and health equity. Targeting decision-making executives from hospitals and healthcare institutions, health ministers and government leaders, CIOs, CTOs, innovators and disruptors, and public health policymakers – topics during the summit will explore health infrastructure, expanded access to healthcare, investment and research, data security and national records integration, health and data analytics, and AI-powered diagnostics.
An exhibition will bring together top researchers, practitioners, innovators, and experts from the global healthcare industry – representing Africa’s most important gathering of medical & lab equipment, imaging & diagnostics, IT systems & solutions, healthcare infrastructure, healthcare transformation, smart hospitals, healthcare management, and digital health management systems in Africa.
But what followed was one of the worst genocides of the 20th century. During a brutal four-year rule, the communist-nationalist ideologues of the Khmer Rouge killed between 1.6 million and 3 million people through executions, forced labor and starvation. It represented a quarter of the country’s population at the time.
Fifty years on, the Khmer Rouge’s legacy continues to shape Cambodia – politically, socially, economically and emotionally. It’s etched into every Cambodian’s bones – including mine.
Photo of author’s parents in Cambodia, taken in late 1960s. Sophal Ear, CC BY
I write this not just as an academic or observer but as a survivor. My father died under the Khmer Rouge, succumbing to dysentery and malnutrition after being forced to work in a labor camp. My mother pretended to be Vietnamese to save our family. She escaped Cambodia with five children in 1976, crossing through Vietnam before reaching France in 1978 and finally the United States in 1985. We were among the lucky ones.
Today, Cambodia is physically unrecognizable from the bombed-out fields and empty cities of the 1970s. Phnom Penh gleams with high-rises and luxury malls. And yet beneath the glitter, the past endures – often in silence, sometimes in cynical exploitation.
Legacy of fear and control
The Khmer Rouge came to power on a wave of disillusionment, corruption, civil war and rural resentment. Years of American bombing, the 1970 U.S.-backed coup that ousted Prince Norodom Sihanouk, and the subsequent deeply unpopular U.S.-aligned military regime set the stage for the Khmer Rouge’s rise.
Many Cambodians, particularly in the countryside, welcomed the Khmer Rouge, with its mix of hard-line communist ideology and extreme Cambodian nationalism, as liberators who promised to restore order and dignity. But for the next four years, the Khmer Rouge, under feared leader Pol Pot, brought terror to the nation through ideological purges, forced labor, racial genocide of minority groups and policies that brought widespread famine.
People digging a water canal under the guard of an armed Khmer Rouge soldier in 1976. AFP via Getty Images
This political culture of fear draws directly from the Khmer Rouge playbook – minus the overt violence. The trauma inflicted by that regime taught people to distrust one another, to keep quiet, to survive by keeping their heads down. That impulse still shapes public life.
But it took decades to begin, cost over US$300 million and convicted only three senior Khmer Rouge leaders over the 1975–79 genocide. Many mid- and lower-level perpetrators walk free, some are still in government positions, some neighbors to survivors.
For a nation where the majority of the population was born after 1979, there remains a glaring gap in education and public reckoning over the Khmer Rouge’s atrocities.
Cambodia’s school curriculum still struggles to teach this period adequately. For many young people, it’s something their parents don’t talk about and the state prefers to frame selectively.
Economic growth − uneven and fragile
In raw numbers, Cambodia’s economic progress over the past two decades has been impressive.
Instead of building a resilient, diversified economy, Cambodia has relied on relationships – with China for investment, with the U.S. for markets – without investing enough in its own human capital. That, too, I believe, is a legacy of the Khmer Rouge, which destroyed the country’s intellectual and professional classes.
Trauma passed down
The psychological toll of genocide doesn’t disappear with time. Survivors carry the scars in their bodies and minds.
But so do their children and grandchildren. Studies in postgenocide Cambodia have shown elevated rates of post-traumatic stress disorder and depression among survivorsand their descendants, resulting in intergenerational trauma.
There are not nearly enough mental health services in the country. Trauma is often dealt with privately, through silence or resilience rather than therapy. Buddhism, the country’s dominant religion, offers rituals for healing, reincarnation and forgiveness. But this isn’t a substitute for systemic mental health infrastructure.
Worse, in recent years, even the memory of the genocide has been politicized.
Some leaders use it as a tool to silence dissent. Others co-opt it for nationalist narratives. There’s little room for honest, critical reflection. Some independent initiatives, such as intergenerational dialogue programs and digital archives, have tried to fill the gap but face limited support.
This is, I believe, a second tragedy. A country cannot truly move forward if it cannot speak freely about its past.
A tourist looks at portraits of victims of the Khmer Rouge at the Tuol Sleng genocide museum in Phnom Penh, formerly a Khmer Rouge torture center known as S-21. Tang Chhin Southy/AFP via Getty Images)
The danger of forgetting
April 17 is not a national holiday in Cambodia. There are no official commemorations. The government doesn’t encourage remembrance of the day Phnom Penh fell to the Khmer Rouge. But to my mind, it should. Not to reopen wounds, but to remind Cambodians why justice, democracy and dignity matter.
The danger isn’t that Cambodia will return to the days of the Khmer Rouge. The danger is that it becomes a place where history is manipulated, where authoritarianism is justified as stability and where development is allowed to paper over injustice.
As the world marks the 50th anniversary of the Khmer Rouge’s rise, Cambodia must, I believe, reckon with this uncomfortable truth: The regime may be long gone, but its legacy lives on in the institutions, behaviors and fears that continue to shape Cambodia today.
A personal reckoning
When I look back, I think of my father – whom I never knew. I think of my mother, who risked everything to save us. And I think of the millions of Cambodians who live with memories they cannot forget, and the young Cambodians who deserve to know the full truth.
My life has been shaped by what happened on April 17, 1975. But that story isn’t mine alone. It belongs to Cambodia – and it’s still being written.
Sophal Ear does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Russian president Vladimir Putin does not seem interested in peace: Sunday’s missile strike on Sumy, the worst civilian attack this year, proves he is determined to expand into Ukraine at any cost.
This is a war of ideas, narratives and myths – one that can be traced to the mid-1500s, when Ivan the Terrible, Grand Duke of Muscovy declared himself the first “tsar” of all Russia.
As part of his quest for power, Ivan the Terrible challenged King Sigismund I of Poland, who as Duke of Rus, ruled over territories that now comprise parts of modern-day Ukraine.
Russian rulers have often repurposed history to build their power, according to historian Orlando Figes. Putin wrote a well known essay in 2021 that called Russians and Ukrainians “one people”. He was relying on old beliefs that Russia has the right to “restore” or reunite lands it once ruled.
Ukraine has survived bans on its language, forced assimilation policies, and famines like the Holodomor, orchestrated by Stalin in the 1930s. The country declared independence from Russia in 1991. Now, teachers, artists and local leaders have joined soldiers in resisting Russia.
Empire and a holy mission
A broad expanse of the former medieval kingdom of Kyivan Rus incorporated territories in present-day Ukraine, Belarus and Russia, including Ukraine’s capital, Kyiv. From 1386 until 1772, the majority of these lands came under the rule of Poland-Lithuania, governed by the Lithuanian Jagiellon dynasty, and their successors.
Today, Russia often points to Kyivan Rus (which lasted from the 9th to the 13th century), claiming it is reuniting these ancient lands, as Ivan the Terrible claimed in the mid-1500s.
Grand Duchy of Lithuania, ruled by the Jagiellon dynasty in the 13th to 15th centuries. Wikipedia, CC BY
In 1547, Ivan declared Muscovy a tsardom and Moscow to be the “Third Rome” – in other words, the latest centre of true Christianity, after Rome and Constantinople. This idea made conquest seem like a holy mission. By the late 1700s, the Russian Empire had destroyed Poland-Lithuania in a series of territorial annexations and wars. It had spread far to the south and east, and now bordered with Prussia and Austria.
Ukraine, with its rich farmland and cultural connection to Kyivan Rus, was a top prize. Russian leaders called Ukraine “Malorossiya”, or “Little Russia”, to claim it was just a small part of a larger, Russian whole. They banned Ukrainian-language publications, forced the Orthodox Church of Ukraine to answer to Moscow, and tried to stamp out any sense of a separate Ukrainian identity.
However, Ukraine developed its own cultural identity, shaped by its Cossack traditions, its history under Polish–Lithuanian rule, and its separate experiences. Many Ukrainians argue their culture existed long before Muscovy evolved into an empire.
Meanwhile, Russia had expanded into its next-door neighbours, then pretended these lands had always been part of Russia. Historian Alexander Etkind calls this process “internal colonisation”. This strategy helped Russia become a vast empire. But it also built lasting resentment, particularly in Ukraine.
Famine and ‘fascists’
The Soviet Union (USSR), established in 1922 in the wake of the successful Bolshevik Coup in 1917, claimed to be a union of equal republics. But in practice, Moscow stayed firmly in control.
Ukraine had the label of “Soviet Republic”, but had little genuine independence. Soviet leaders demanded enormous amounts of grain, coal, and labour from Ukraine to support the rest of the USSR.
A postcard printed in Germany by Ukrainian Youth Association for the 15th anniversary of Holodomor, 1933. Wikimedia Commons, CC BY
One of the darkest periods in Ukrainian history was the Holodomor, an orchestrated famine that spanned 1932–33, in which millions of Ukrainians died of hunger, after Stalin’s government seized huge amounts of grain from farmers. These policies aimed to break Ukrainian resistance and nationalist feelings.
After World War II, the Soviet Union took over the Baltic states and parts of Poland, including regions now in western Ukraine. Although Ukraine became one of the more industrialised parts of the USSR, genuine displays of Ukrainian culture or independent thought were often met with harsh punishment. People who spoke out were labelled “fascists”, a term still used in Russia’s modern propaganda.
The USSR fell apart in 1991. Ukraine, along with other former Soviet republics, became independent nations. This was a major blow to Russia’s idea of itself as a world empire. For centuries, Moscow had seen Ukraine as central to its identity.
The 1990s brought tough economic reforms and political changes in Russia. Then Vladimir Putin rose to power in the early 2000s, promising to restore Russia’s influence. He described the former Soviet states as the “near abroad”, suggesting Moscow still had special rights over these regions.
In 2008, Russia went to war with Georgia. After winning, it recognised two breakaway provinces in Georgia, effectively keeping troops there.
In 2014, Russia annexed Crimea from Ukraine, claiming it was protecting Russian speakers. It also backed separatists in eastern Ukraine’s Donbas region. The United Nations General Assembly passed Resolution 68/262 in March 2014, declaring Russia’s annexation of Crimea illegal. The Kremlin continued its policies regardless.
‘Denazifying’ Ukraine?
In February 2022, Russia expanded the conflict by launching an invasion of Ukraine. It described its actions as a mission to “denazify” the country, accusing Ukraine’s government of being controlled by Nazis – although president Zelenskyy has Jewish heritage.
There was no evidence to support these claims. Still, Russian leaders used these slogans to justify their aggressive push. They also spoke of “traditional values” and “Orthodox unity”, painting themselves as defenders of a shared Slavic culture.
The military objective was to capture the Donbas completely, create a land bridge to Crimea, and maybe advance further to Transnistria in Moldova, a pro-Russian separatist region.
What Russia hoped would be a quick victory has become a long, brutal conflict. For many Ukrainians, independence is more than just avoiding control by Moscow. It is about creating a society built on democracy, human rights and ties to Europe.
These values inspired the Euromaidan protests in Kyiv in 2013–14, where demonstrators demanded less corruption and closer links to the European Union. Russia used these protests to justify seizing Crimea in 2014.
A message of self-determination
The Kremlin’s insistence that Ukrainians and Russians are the same mirrors the older imperial model: expand, absorb and claim these territories were always part of Russia. Breaking free from this “mental empire” demands a deep shift in how Russians, Ukrainians, and the world view Eastern Europe’s past and present.
When the Soviet Union collapsed, many hoped for a new era of cooperation in Eastern Europe. Instead, authoritarian politics and old beliefs about empire have led to a devastating conflict.
By refusing to be pulled back into Russia’s orbit, Ukrainians send a message about self-determination. They reject the claim bigger nations can absorb smaller ones simply by invoking a shared past.
Darius von Guttner Sporzynski does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: United States House of Representatives – Representative Brittany Pettersen (Colorado 7th District)
WASHINGTON – Today, U.S. Representatives Brittany Pettersen (CO-07) and Suzanne Bonamici (OR-01), led 58 of their colleagues in a letter to Department of Homeland Security (DHS) Secretary Kristi Noem and Senior Official Performing the Duties of Federal Emergency Management Agency (FEMA) Administrator Cameron Hamilton expressing deep concern over the reckless attempt to terminate the Building Resilient Infrastructure and Communities (BRIC) program and the risk that halting approved BRIC projects poses to vulnerable communities.
The BRIC program plays a critical role in supporting pre-disaster mitigation and strengthening community resilience in the face of increasingly frequent and severe natural disasters. In Colorado, where wildfires have burned over 1.5 million acres in the last 25 years, BRIC funding has been used to upgrade infrastructure, modernize water systems, and reduce wildfire risks in high-threat areas. BRIC saves lives, protects homes and schools, and reduces the devastating costs of recovery.
In a letter, the Members shared: “Across our districts, natural disasters are no longer confined to a ‘season’; instead, the risks persist throughout the year, and it’s critical to prepare our communities as we learn to live with worsening natural disasters. Building resilient communities is an undeniable role of the federal government, and the unlawful termination of BRIC abandons our commitment to the communities that we serve.”
The Members continued: “The urgent and timely need for action on natural disaster preparedness and mitigation cannot be overstated. Any delay in funding and implementation of critical programs threatens the safety and resilience of our communities.
The Members are demanding the following:
A list of approved BRIC projects that will not receive funding after April 4, 2025, including key project details.
Guidance for project sponsors on how to draw down remaining funds and finalize contracts.
FEMA’s current strategy for addressing wildfire readiness and community preparedness goals.
A timeline for resuming the implementation and disbursement of BRIC funding.
TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (Ninepoint Partners) is pleased to announce the appointment of Samarjit (Sam) Mitter to its investment team as Senior Portfolio Manager, beginning May 2025.
Mr. Mitter joins Ninepoint with over 25 years of experience in the investment industry and a well-established career managing equity portfolios across U.S. and global markets. In his new role, he will focus on expanding Ninepoint’s equity investment platform and launching new mandates that reflect evolving client needs and market opportunities.
Most recently, Mr. Mitter was a Portfolio Manager at AGF Management Ltd., where he managed the AGF US Small & Mid Cap Fund, which was the top-performing fund in its category in 2024. He was an integral part of AGF’s Growth Team, serving as Associate Portfolio Manager and Co-Manager for AGF Global Select and AGF US Large-Cap Funds, under lead manager, Tony Genua, from 2014 to 2025. AGF’s Growth Team managed over $16 Billion in assets at the end of 2024.
Mr. Mitter brings broad experience across equity research, portfolio construction, and strategy development gained over the course of his career at several leading Canadian asset managers.
“We’re excited to welcome Sam to Ninepoint as we continue to grow our investment team and broaden our platform,” said John Wilson, Co-CEO and Managing Partner at Ninepoint Partners. “His depth of experience and proven history of stock selection in both Global and US Equities will help us improve our Firm’s product offerings as we strive to deliver alpha generating, actively managed solutions to our clients.”
Mr. Mitter holds an MBA from Santa Clara University, Santa Clara, California and a Bachelor of Science from Culver-Stockton College, Canton, Missouri. He will be based in Toronto.
His appointment underscores Ninepoint’s commitment to delivering high-quality, innovative investment strategies led by experienced professionals.
About Ninepoint Partners LP
Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.
For more information on Ninepoint Partners LP, please visit ninepoint.com or please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.
Media Inquiries: Longacre Square Partners Kate Sylvester / Liz Shoemaker ninepoint@longacresquare.com
Source: United States Senator Josh Hawley (R-Mo)
Today, U.S. Senator Josh Hawley (R-Mo.) published an opinion piece outlining a new proposal that would make a series of common income tax breaks refundable against payroll taxes. At a time when prices are high, Senator Hawley highlights how his proposal would deliver a historic tax cut for working families across the country.
Read Senator Hawley’s full op-ed here or below.
Time was, Republicans knew how to do tax cuts. Reagan-era columnist Robert Novak once quipped, “God put the Republican Party on Earth to cut taxes.” But Republicans in Washington these days could use a refresher course.
The negotiations over President Donald Trump’s “big, beautiful” budget bill have to date included surprisingly little talk of tax cuts for the people who need them most: America’s working class. These are the people who make less than $80,000 per year. These are the people who delivered an electoral victory for Trump. And these are the Americans Washington policy types have largely forgotten for a generation. Republicans should remember them now — and deliver for them the largest tax cut in our lifetime.
The American working class needs a break. Manufacturing jobs that once provided a good living for many workers and a sure future for many families have disappeared. Blue-collar workers haven’t gotten a real pay raise in decades. Mortgages are unaffordable. Rent is unaffordable. Groceries are unaffordable.
All this takes a toll on the spirit as much as the checkbook. To find jobs, young people move away from the places where they grew up. Families are pulled apart, and small towns wither and die. To afford children, parents take multiple jobs, work around the clock, and return home exhausted and despairing. To survive in the present, many Americans live with no hope for the future: no time for neighborhood or church or family life.
And, in this way, the economy Washington has fashioned for the working class unravels the fabric of the nation.
Republicans can begin to repair it. They can give America’s working people a lifeline by giving them the biggest working-class tax cut in our history. Here’s how: Make the largest income tax credits — the home mortgage deduction, the child tax credit and the charitable deduction — available to all Americans who pay the payroll tax.
These popular tax credits provide billions in tax relief every year. But, as it stands, you have to earn a considerable amount of money, and pay a considerable amount of income tax, before these credits become fully available. Yet two-thirds of Americans pay more in payroll taxes than they do in income taxes. And most working-class Americans pay little or no income tax at all.
That doesn’t mean they are freeloading. Mitt Romney’s infamous barb about “the 47 percent” who allegedly pay no taxes was never accurate: America’s working people pay billions in taxes every year — but mostly in payroll taxes, the 15 percent levied on every paycheck and sometimes split with employers. And that’s no small burden. In fact, the federal government takes in well over $1 trillion of this tax every year.
But, for working people, the bottom line is, despite the chunk taken out of your paycheck every few weeks, you don’t qualify for the generous tax relief upper-income earners receive.
Republicans should fix this now. Make the home mortgage interest deduction, the child tax credit and the charitable deduction available against the payroll tax. That is to say, allow Americans earning a wage and paying the payroll tax to claim these credits to offset their tax liability.
To understand what this tax cut would mean in the real world, consider these real-world people from my home state of Missouri.
One is a father of six and pastor of a small church in the small town where he grew up. Under my proposal, on his annual salary of roughly $80,000, this constituent would save $6,582. A year.
And then there’s a wife and mother who shared her financial concerns with my office in a letter: “I’m writing to you as the new mother of twin girls and the wife of a police officer, who is struggling in this economy,” she explained. “In order to work, we are paying $33,000 a year for daycare …. The cost of inflation is crippling us hardworking, middle-class families … ”
The couple has two daughters and a mortgage and takes a standard deduction. We ran the numbers. They would save $7,500 under my proposal. And their family could use that money.
Every working family could use the money. And they deserve it. They earned it, after all. Republicans should get back to doing what they once did best: cutting taxes for the people who make this nation work.
(HARTFORD, CT) – Governor Ned Lamont released the following statement in response to the votes today in the Connecticut State Senate approving the nominations of David Arconti, Jr. and Marissa Gillett to serve as commissioners of the Public Utilities Regulatory Authority (PURA):
“I am glad that the Senate agreed that these nominees have the impartial, fair, and skilled qualifications needed to oversee the regulating of Connecticut’s public utility sector. I appreciate the diligence of the Executive and Legislative Nominations Committee co-chairs, Senator Bob Duff and State Representative Julio Concepcion, in assuring that this nomination process was thorough and professional. Now that these nominees have received final legislative approval, they can focus on their responsibility of carefully and meticulously reviewing every filing from each of our public utilities to ensure that these companies are acting in the best interests of Connecticut’s consumers.
“Connecticut’s ratepayers need relief from the high costs of electricity, and that relief needs to come in the form of a meaningful solution that drives down energy rates over the long term. Over the past year, I have met with representatives of different energy sources – such as wind, natural gas, nuclear, solar, and hydropower – the utilities, experts in energy markets, and officials from the federal government and our neighboring states to find meaningful solutions to our high energy prices. It is clear that this is an issue of supply and demand, requiring cooperation with our regional and national partners. I remain committed to working with lawmakers on both sides of the aisle on the policy solutions needed to have a lasting impact on delivering cheaper energy for the people of Connecticut.”
The House of Representatives approved both nominations last week. Today’s votes by the Senate were the final step in the legislative nomination review process.
ATLANTA – Governor Brian P. Kemp, joined by First Lady Marty Kemp, members of the Georgia General Assembly, and state and local leaders signed legislation today at a ceremony in Cobb County delivering more than $1 billion in significant tax relief to hardworking Georgians through an acceleration of the largest tax cut in state history and a third, one-time tax refund.
“Here in Georgia, we safeguard every dollar of taxpayer money, because we know it belongs to the people, not the government,” said Governor Brian Kemp. “While other states are running up budget deficits and raising taxes on their citizens, we’re investing in the priorities of our state while further cutting taxes and returning more than a billion dollars to hardworking Georgians! That’s on top of the tax relief we’ve given in prior years and is a direct result of our conservative budgeting. “As families fight through the impacts of high prices over the last several years, I want to thank our partners in the legislature for helping to make this possible and for supporting their fellow Georgians in this way.”
Governor Kemp signed the following two bills today. HB 111 – sponsored by Representative Soo Hong, co-sponsored by Representatives Matthew Gambill, Lauren McDonald III, Will Wade, Bruce Williamson, and Shaw Blackmon, and carried in the Senate by Senator Bo Hatchett – accelerates the largest state income tax cut in Georgia history initiated by the signing ofHB 1437 in 2022. HB 112 – sponsored by Representative Lauren McDonald III, co-sponsored by Representatives Soo Hong, Matthew Gambill, Will Wade, Alan Powell, and Shaw Blackmon, and carried in the Senate by Senator Drew Echols – authorizes the delivery of $1 billion in one-time special tax refunds of up to $500 per Georgia tax-payer household.
With the governor’s signature, HB 111 doubles down on the efforts of prior years to reduce the tax burden on Georgians and job creators. With this second acceleration cutting the state income tax rate by another 20 basis points, the total income tax rate will now be down to just 5.19 percent – a decrease of 56 basis points from the original rate of 5.75 percent. This expedited cut will save Georgians another 880 million dollars on their tax returns next year.
“Putting money back in taxpayer pockets and delivering on our promise to further cut the state income tax is a priority I am glad we all can agree on,” said Lt. Governor Burt Jones. “With Governor Kemp’s leadership, Georgia continues to serve as an example for the rest of the nation on how to reduce taxes and give more than a billion dollars back to our citizens, while having a healthy reserve and fiscally sound budget. These bills becoming law today bring us one step closer to eliminating the state income tax, a priority I have always been a proponent of. We are able to do this because we are focused on a stable and prosperous future for all Georgians, while making financial choices that will ensure Georgia’s ongoing viability and financial stability. We will continue to make this a priority, and I look forward to seeing more of this great work in the future.”
After today, through a one-time special tax refund, Georgians who file jointly will receive $500, single filers will receive $250, and heads of household will get $375.
“The Georgia House was proud to champion HB 111 and HB 112 that further reduce the tax burden on hardworking Georgians and put over $1 billion back in the pockets of our state’s taxpayers,” said Speaker Jon Burns. “These historic measures reiterate our commitment to providing much-needed financial relief to families across the state and delivering on the policies that matter most to our citizens.”
Governor Kemp also made note of the General Assembly’s ratification of his suspension of the state gas tax in the days following Hurricane Helene to provide direct relief to families, farmers, and businesses as they began to recover from the devastating storm. He is thankful to Lieutenant Governor Burt Jones, Speaker Jon Burns, OPB Director Rick Dunn, and the members of the General Assembly who worked to pass these important pieces of legislation.
Clickhere for more information on the one-time special tax refund.
PALOS VERDES ESTATES, Calif., April 15, 2025 (GLOBE NEWSWIRE) — Malaga Financial Corporation “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended March 31, 2025 was $5,404,000 ($0.57 basic and fully diluted earnings per share), a decrease of $608,000 or 10% from net income of $6,012,000 ($0.64 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 15, 2024) for the quarter ended March 31, 2024. For the first quarter of 2025, the Company’s annualized return on average equity was 10.16% and the annualized return on average assets was 1.55%, as compared to 12.06% and 1.64%, respectively, for the same period in 2024.
The Company did not have any delinquent loans or foreclosed real estate owned at March 31, 2025. The Company’s allowance for credit losses was $3,730,000, or 0.30% of total loans, at March 31, 2025.
Net interest income totaled $11,129,000 in the first quarter of 2025, a decrease of $44,000 or 0.39% from the first quarter of 2024. This decrease is due to an overall decrease in average-interest earning assets of $76.4 million offset by an increase of 0.12% in the interest spread to 2.98%. The increase in interest spread is primarily attributable to a 0.12% increase in yield on average interest-earning assets as the average cost of funds was unchanged.
In the first quarter of 2025, the Company recorded $13,000 in expenses (net of tax) related to the Employment Retention Credit (ERC) versus $494,000 in income (net of tax) in the first quarter of 2024. The ERC is a credit against certain employment taxes for eligible employers based on certain wages paid after March 12, 2020, through September 30, 2021. The Company qualified for the ERC based on the partial suspension of our business due to government orders related to Covid-19 pandemic.
In the first quarter of 2025, operating expenses increased 3% to $3,692,000 from $3,581,000 in the first quarter of 2024. The increase is primarily attributed to increases in compensation of $55,000, and general and administrative expenses of $53,000.
Randy C. Bowers, Chairman, President and CEO, commented, “First quarter 2025 presented continued volatility with increasing uncertainty in both economic markets and the political environment. We are generally pleased with our results for the period and note the year-over-year impact of the 2024 ERC credit. Credit quality remains excellent, net interest spread has improved and expenses are well controlled. We anticipate the rest of the year to be challenging and are preparing to address changes as they become apparent. We appreciate the efforts of our colleagues and loyalty of our shareholders as we continue to adapt in this difficult environment.”
Malaga’s total assets decreased to $1.381 billion at March 31, 2025, compared to $1.456 billion at March 31, 2024. The loan portfolio at March 31, 2025, was $1.226 billion, a decrease of $37 million or 3% from March 31, 2024. Malaga originates loans principally for its own portfolio and not for sale.
Malaga funds its assets with a mix of retail deposits, wholesale deposits and FHLB borrowings. Retail deposits totaled $714 million as of March 31, 2025, a $36 million decrease from $750 million at March 31, 2024. Much of this outflow was a result of depositors seeking higher returns in alternative investments. Wholesale deposits, comprised mainly of State of California certificates of deposit and longer-term brokered deposits, totaled $226 million as of March 31, 2025, a $57 million increase from $169 million at March 31, 2024. FHLB borrowings decreased $110 million or 35% from $310 million at March 31, 2024, to $200 million at March 31, 2025. Malaga Bank utilizes FHLB borrowings and longer-term wholesale deposits as a tool to manage interest rate risk associated with growth of the loan portfolio.
As of March 31, 2025, Malaga Bank was in compliance with all applicable regulatory capital requirements and was deemed “well-capitalized” under applicable regulations. Core capital and risk-based capital ratios were 16.21% and 28.63%, respectively, at March 31, 2025, significantly exceeding the minimum “well-capitalized” requirements of 5% and 10%, respectively.
Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles. For over fifteen years Malaga Bank has been consistently recommended by one of the nation’s leading independent bank rating and research firms, Bauer Financial Inc. Malaga Bank was awarded Bauer’s premier Top 5-Star rating for the 69thconsecutive quarter as of December 2024. Since 1985, Malaga Bank has been delivering competitive banking services to residents and businesses of the South Bay, including real estate loan products custom-tailored to consumers and investors. As the largest community bank in the South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service. The Bank’s web site is located at www.malagabank.com.
Food pantries in Iowa have seen demand for their assistance soar in recent years. At the same time, fewer Iowans have been enrolled in the Supplemental Nutrition Assistance Program, through which low-income Americans get money from the government to buy groceries.
Hunger in the breadbasket of the world
It may seem illogical that anyone in Iowa would need help obtaining food.
Known as the “breadbasket of the world,” my state plays a crucial role in food production as a top supplier of grain, meats and eggs to both domestic and international markets.
Des Moines Area Religious Council Food Pantry worker Patrick Minor looks over a cooler full of ground pork packages during a pantry stop in Des Moines, Iowa, in 2020. AP Photo/Charlie Neibergall
Food pantries struggle to keep up
Many food-insecure families turn to food pantries to fill their refrigerators and cupboards.
The Des Moines Area Religious Council operates 14 food pantries in the Polk County area. This network of food pantries has been seeing record-breaking demand. It provided food to more than 70,000 people in 2024, up from 59,000 a year earlier.
About 35% of the people it supports are children. This rate has been increasing since government phased out COVID-19 pandemic-era programs, such as the Child Tax Credit expansion and summer EBT, a federal nutrition program that helped low-income families feed their kids when schools were closed.
Some 19% of food pantry clients in the Des Moines region are unemployed adults, only 8% are people who are 65 and up, and 38% are adults who are either working or have disabilities.
Scaling back benefits in 2022
Early in the pandemic, Congress temporarily expanded SNAP by providing everyone enrolled in the program with the maximum amount of benefits for which they were eligible based on the number of people in their family, regardless of their income. Normally, only 37% of the people who get SNAP benefits get the maximum amount. For 2025, for example, a family of three can get up to $768 a month through the program.
In March 2022, Iowa became one of the first states to end this policy, creating a natural experiment of sorts at a time when food prices were rising quickly.
As you might expect, the number of clients visiting food pantries surged once that policy changed. This trend continued throughout 2024, with many months of record-breaking demand at the state’s food pantries.
Hunger is up, SNAP enrollment is down
While most food pantry visitors in Polk County qualify for at least some SNAP benefits, only around 1 in 3 are enrolled in the program today, down from 44% in 2020.
This decline in SNAP enrollment is placing more pressure on the food pantries trying to make up the difference.
Low SNAP enrollment rates can be partly explained by low benefit amounts, which is all that some eligible individuals and families qualify for.
Recent laws have made it more difficult for families to be eligible to receive benefits. In 2023, Iowa introduced a state-specific asset test, which limits the total assets of all members of a family to $15,000 in order to maintain eligibility. This test includes the value of boats, vacation homes and savings accounts. It also includes a second vehicle used for household transportation purposes, but not a family’s primary residence.
Another consideration is time management, especially in light of the additional administrative hurdles.
“The time it is taking these working households to get and maintain their SNAP benefits is significantly more time and effort than simply visiting a local food pantry,” said Matt Unger, Des Moines Area Religious Council’s CEO. “Here in Iowa, we are facing nearly a 17-year low in SNAP enrollment while food banks and food pantries across the state are breaking records every month. Something just doesn’t add up.”
Congress is currently deciding whether to cut SNAP spending. If lawmakers do that, benefits will decline, increasing the strain on food pantries in Iowa and everywhere else across the country.
Lendie R. Follett is affiliated with the Des Moines Area Religious Council. She currently serves on the board of directors.
The Annual Energy Outlook 2025 (AEO2025) explores potential long-term energy trends in the United States. AEO2025 is published in accordance with Section 205c of the Department of Energy Organization Act of 1977 (Public Law 95-91), which requires the Administrator of the U.S. Energy Information Administration (EIA) to prepare an annual report that contains trends and projections of energy consumption and supply. These projections are used by federal, state, and local governments; industry; trade associations; and other planners and decisionmakers in the public and private sectors.
We prepared the AEO by using the National Energy Modeling System (NEMS) to project a set of scenarios that, taken together, represent a range of outcomes for the U.S. energy system. AEO2025 represents the culmination of a year-long effort that enabled major upgrades to NEMS.
Our policy assumptions are central to understanding our AEO2025 projections. In most of the cases we model, we only consider laws and regulations implemented as of December 2024. As is the case every time we prepare an AEO, a cutoff date is necessary to enable us to conclude our modeling and integrate the final results for publication. Therefore, legislation, regulations, executive actions, and court rulings after that date are not included. We are releasing the model results without a lengthy market analysis this year.
The U.S. energy system underwent major changes in the first quarter of the 21st century as oil and natural gas production surged, renewables were deployed more widely, and energy consumption patterns changed. AEO2025 can help stakeholders examine the ways in which the system could further change through 2050.
Energy markets are complex. Energy models are simplified representations of energy production and consumption, laws and regulations, and producer and consumer behavior. Projections are highly dependent on the data, methodologies, model structures, and assumptions used in their development. These results are not predictions of what will happen. Instead, AEO2025 results represent modeled projections of what could happen given certain assumptions and methodologies.
Consistent with our historical practices and statutory mission, we do not independently propose or advocate future legislative and regulatory changes, although at times we do analyze scenarios based on existing policy proposals. Our assumptions documents provide additional details on the assumptions we included in AEO2025, and an overview of the laws and regulations included in AEO2025 is available on the AEO website.
AEO2025’s projections reflect business-as-usual trends, given known technological and demographic trends and current laws and regulations, and so provides a policy-neutral Reference case and an accompanying set of core side cases that can be used to analyze policy initiatives. For some readers, this approach may be unsatisfying because policy rarely remains static for long periods. But the purpose of basing projections on laws and regulations as of December 2024 is to provide a comparison point for further analysis; without such a reference point, critical information about incremental changes to energy system outcomes based on new assumptions is lost.
Because policies can have meaningful impacts on the energy sector, we have also included two alternative policy cases this year to help stakeholders to examine the effects of regulations implemented since our last AEO. When compared with the Reference case, one case allows stakeholders to examine the effects of recent regulations on power plants and the other recent regulations targeting vehicle fuel economy and emissions.
Modeled Cases
Outcomes concerning future technology, demographics, and resources cannot be known with any degree of certainty. We address many key uncertainties in our projections through alternative cases. In AEO2025, we ran 11 cases to model a range of assumptions. In addition to the two alternative policy cases we examined this year, we also include eight core side cases, which we have presented in prior releases of the AEO. A detailed explanation of each case is available on the website, and a brief description is in the following sections.
AEO2025 Reference case
Our Reference case assesses how the U.S. energy markets could operate under laws and regulations current as of December 2024 and under historically observed technological growth assumptions.
Alternative Electricity case
Our Alternative Electricity case assumes the Clean Air Act (CAA) Section 111 rule implemented by the Environmental Protection Agency (EPA) in April 2024 to regulate carbon dioxide emissions from new gas-fired combustion turbines and existing coal, oil, and gas-fired steam generating units is not in place, and the affected generators are able to operate under rules existing prior to April 2024. In this case, existing coal-fired plants continue operating without requiring modifications to reduce emissions, and generation from new natural gas-fired combined cycle units isn’t constrained based on whether the plant has installed carbon capture equipment.
Alternative Transportation case
Our Alternative Transportation case assumes the National Highway Traffic Safety Administration’s Corporate Average Fuel Economy standards and EPA’s vehicle tailpipe emission standards for model years 2027–2032 are not in place. The case also assumes the California Air Resources Board’s zero-emission vehicle sale mandates for trucks issued since our last published AEO are not in place. Rules affecting fuel economy and tailpipe emissions that were issued for model years 2026 and earlier remain in place. In this case, introduction of new electric vehicle (EV) models and building of EV charging infrastructure are based on growth in EV sales and registrations rather than on announced public and private sector plans. In addition, manufacturer reshoring of EV and battery supply chains, including growth in eligibility for credits under the Inflation Reduction Act, is slower than in the Reference case.
High and Low Oil Price cases
In the High Oil Price case, the price of Brent crude oil increases to $155 per barrel (b) in 2050, compared with $91/b in the Reference case and $47/b in the Low Oil Price case.
High and Low Oil and Gas Supply cases
The High Oil and Gas Supply case assumes ultimate recovery for new tight oil, tight gas, or shale gas wells are 50% higher than in the Reference case. The case also assumes 50% higher undiscovered resources in Alaska and offshore fields. Technological improvement is assumed to be 50% faster. The Low Oil and Gas Supply case assumes the converse.
High and Low Zero-Carbon Technology Cost cases
The Low Zero-Carbon Technology Cost case assumes faster cost declines for electricity-generating technologies that produce zero emissions as construction and manufacturing experience grows, resulting in 40% lower costs than in the Reference case in 2050. The High Zero-Carbon Technology Cost case, conversely, assumes no additional cost reductions from learning with additional deployment of these electricity generating technologies.
High and Low Economic Growth cases
The High Economic Growth case assumes the compound annual growth rate for U.S. GDP is 2.1% through 2050, and the Low Economic Growth case assumes a 1.2% rate. By contrast, the Reference case assumes the U.S. GDP annual growth rate is 1.8% over the projection period.
Major changes for AEO2025
In 2024 we made significant updates to NEMS, and an overview of the changes can be found in our assumptions documents and in the module-specific fact sheets. Briefly, the model that underpins our outlook now includes three new modules:
The Hydrogen Market Module, which represents hydrogen production and pricing, including the impacts of policy, storage, and logistics
The Carbon Capture, Allocation, Transportation, and Sequestration Module, which allocates projected supply of captured CO2 across the energy system either for enhanced oil recovery or storage
The Hydrocarbon Supply Module, which improves the representation of upstream oil and natural gas resources, replacing the legacy NEMS Oil and Gas Supply Module
In addition to the new modules, we have extensively enhanced many existing modules to better reflect market dynamics and emerging technologies. We will provide additional details in the AEO2025 model documentation in the coming months.
We have rewritten and modernized significant portions of the NEMS code base. The source code associated with NEMS is now available via GitHub under an open-source license.
In addition to changes to NEMS, we also updated the way we calculate primary energy consumption of electricity generation from noncombustible renewable energy sources such as solar, wind, hydroelectric, and geothermal. We now calculate consumption of noncombustible renewable energy for electricity generation using the captured energy approach, which applies a constant conversion factor of 3,412 British thermal units per kilowatthour (Btu/kWh), using the heat content of electricity. This approach is a change from our previous methodology, called the fossil fuel equivalency approach, and is consistent with the methodology now used for all EIA products and reports.
The captured energy approach is more consistent with international energy statistics standards than the fossil fuel equivalency approach.
(HARTFORD, CT) – Governor Ned Lamont today announced that he is releasing $2,461,057 million in state funding to two regional education service centers to help in the improvement of public education through the coordination of high-quality, cost-effective programs and services.
The funds are being released through Connecticut’sRegional Performance Incentive Program, which provides grants to regional councils of governments and regional education service centers that coordinate functions and services on a regional basis, creating efficiencies that help municipalities reduce costs. The program is administered by the Connecticut Office of Policy and Management (OPM).
LEARN, southeastern Connecticut’s regional education service center, is receiving a grant in the amount of $1,295,941, andEdAdvance, northwestern Connecticut’s regional education service center, is receiving a grant in the amount of $1,165,116.
“The state is taking an active role in helping our cities and towns reduce costs and find efficiencies,” Governor Lamont said. “These grants are yet another example of those efforts that are taking place throughout the whole of government to lower costs and reduce taxes. Working together we can make government work the way our taxpayers expect.”
“The grants will increase efficiencies, lower costs, and save taxpayer dollars,” OPM Secretary Jeffrey Beckham said. “By sharing resources across multiple municipalities and school districts, local governments save costs and can lower mill rates. Regionalizing services, while reducing the tax burden on residents and businesses is a top priority of the Lamont administration, and these grants help to fulfill that promise.”
LEARN’s grant will be used to expand back-office support services to its members districts. The organization will tailor its expanded service offerings in information technology, business and human resources to member districts’ individual needs. Participating member districts will benefit from high-quality services without the expense of recruiting and maintaining full-time staff. In addition, regional staff services help to promote best practices and process improvement in daily functions.
“LEARN is thrilled to be awarded a Regional Performance Incentive Program grant,” Kate Ericson, executive director of LEARN, said. “This grant and the Regional Shared Service Solutions Project were co-designed in collaboration with superintendents – Dr. Jack Zamary of Bozrah, Mr. Troy Hopkins of North Stonington, Mr. Jeffrey Wihbey of Region 17, Dr. Roy Seitsinger of Preston, and Mr. Brian Hendrickson of Salem. With the award of this grant, LEARN’s primary goal is to reward the districts currently benefiting from our regional services while also attracting new districts to join us and experience the cost savings and operational efficiencies offered by LEARN’s dedicated team of professionals.”
EdAdvance’s grant will be used to expand its successful Regional Transportation Collaborative and improve transportation efficiency, reduce costs, and convert to electric vehicle (EV) technology. The grant will enable the purchase of ten new EVs for special education transportation services, the installation of ten high-speed EV charging stations throughout the service area, and the development of a comprehensive usage and sustainability plan. Participating districts will save on special education transportation costs and reduce their greenhouse gas emissions.
As part of the planning process included in the grant, EdAdvance will also explore opportunities to benefit other populations currently served through the collaborative, including high school students in EdAdvance’s College and Career Accelerator Program, and clients of EdAdvance’s Transportation in Every Direction Program (TRED), which serves clients’ critical transportation needs to wellness and recovery programs, education or job training, and other basic needs.
“We are thrilled to accept this award,” Jonathan Costa, executive director of EdAdvance, said. “This new electric vehicle infrastructure in combination with our recently developed transportation management software that allows us to track up to 30 cost variables will ensure that we can maximize the efficiency of our services to our member districts while at the same time demonstrating how much EVs save on each route we drive.”
The Regional Performance Incentive Program was established in 2007, and amended in 2021, to encourage regional participation in voluntary intermunicipal or regional shared services projects that have the potential to produce measurable “economies of scale,” provide desired or required public services, and lower the costs and tax burdens associated with the provision of such services.
For more information on this program, visitportal.ct.gov/opm/igpp/grants/regional-performance-incentive-program/regional-performance-incentive-program.
Source: United States Small Business Administration
SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Oklahoma of the May 16, deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought beginning Sept. 10, 2024.
The declaration includes the counties of Alfalfa, Garfield, Grant, Kay, Kingfisher, Logan, Major, Noble, Osage, Pawnee and Payne.
Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs impacted by financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.
EIDLs are available for working capital needs caused by the drought and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.
“Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”
The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.
The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.
To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Submit completed loan applications to SBA no later than May 16.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
Source: United States Small Business Administration
SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible private nonprofit (PNP) organizations in South Dakota of the May 15, deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe storms, straight-line winds and flooding occurring June 16-July 8, 2024.
The disaster declaration covers the counties of Aurora, Bennett, Bon Homme, Brule, Buffalo, Charles Mix, Clay, Davison, Douglas, Gregory, Hand, Hanson, Hutchinson, Jackson, Lake, Lincoln, McCook, Miner, Minnehaha, Moody, Sanborn, Tripp, Turner, Union and Yankton.
Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to PNPs providing non-critical services of a governmental nature who suffered financial losses directly related to the disaster. Examples of eligible non-critical PNPs include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.
EIDLs are available for working capital needs caused by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.
“SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”
The loan amount can be up to $2 million with interest rates as low as 3.25% and terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.
The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.
To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Submit completed loan applications to the SBA no later than May 15.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
