Category: Statistics

  • MIL-OSI Australia: Thousands of Central Coast first home buyers in their happy places thanks to stamp duty leg up

    Source: New South Wales Premiere

    Published: 14 February 2025

    Released by: Minister for the Central Coast, Minister for the Hunter


    More than 2,000 first home buyers have found their dream home on the Central Coast thanks to the Minns Labor Government’s signature stamp duty assistance program.

    The 2,145 new homeowners on the Central Coast have saved a combined $47.6 million in stamp duty since July 2023.

    The popular initiative has seen first home buyers across the Coast save an average of $22,185, significantly easing the pressure for people saving for a deposit.

    The First Home Buyers Assistance Scheme provides a full exemption from stamp duty for eligible buyers purchasing up to $800,000, and a concession for purchases between $800,000 and $1 million.

    In Gosford, 628 buyers have saved a combined $13.5 million, while 522 new home owners in Wyong saved $11.3 million.

    In The Entrance, 307 buyers shared in $6.9 million in savings, and 65 buyers at Avoca Beach benefited by $1.3 million.

    Statewide, total savings for more than 50,000 first home buyers across NSW have topped $1 billion.

    The 50,000 families milestone coincides with the release of a helpful dashboard detailing the program’s impact suburb-by-suburb.

    The First Home Buyers Assistance Dashboard also provides program statistics Central Coast wide – as it does for every Local Government Area and regional classification in the state. It will be updated regularly and can be viewed here: First home buyers assistance dashboard | Revenue NSW

    First home buyers can learn more about the program and calculate their potential stamp duty savings here: First Home Buyers Assistance Scheme – how to apply | NSW Government

    This program is just one part of a suite of reforms from the Minns Government to help address the housing crisis and ease cost of living pressures.

    This includes sweeping reforms of the planning system to deliver more housing, including establishing the Housing Delivery Authority to speed up approvals.

    Minister for the Central Coast David Harris said:

    “This Minns Government program is fantastic news for the more than 2,000 families, couples and singles able to get into their first home sooner in our beautiful region.

    “The more than $22,000 in average savings per homeowner is making a big difference for people saving up for a deposit.

    “Home is where the heart is, and there’s nothing better for Coasties to have a place to call their own in a region they love.”

    Minister for the Hunter and Member for Swansea Yasmin Catley said:

    “Buying your first home is a major achievement and I’m thrilled the Minns Labor Government is helping so many first home buyers reach this milestone.

    “Our community is a great place to live, work and play and this scheme is allowing people to build their dream life in one of the best places in NSW.”

    Member for The Entrance David Mehan said:

    “The Minns Labor Government’s stamp duty assistance program is making home ownership more accessible, providing real relief for local families entering the housing market.

    “It’s great to see that local residents are benefiting from this fantastic initiative” 

    Member for Gosford Liesl Tesch said:

    “With over 628 first home buyers in Gosford alone saving a combined $13.5 million dollars under this scheme, the Minns Labor Government is ensuring that families across NSW can achieve their dream of home ownership.

    “I want the students that I taught to be able to make a home on the Central Coast, not be forced to leave their hometowns because they can’t afford a deposit to get into the housing market.

    “This program is making home ownership a reality again for thousands of Coasties.”

    MIL OSI News

  • MIL-OSI USA News: Establishing the President’s Make America Healthy Again Commission

    Source: The White House

    class=”has-text-align-left”>By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:

    Section 1.  Purpose.  American life expectancy significantly lags behind other developed countries, with pre‑COVID-19 United States life expectancy averaging 78.8 years and comparable countries averaging 82.6 years.  This equates to 1.25 billion fewer life years for the United States population.  Six in 10 Americans have at least one chronic disease, and four in 10 have two or more chronic diseases.  An estimated one in five United States adults lives with a mental illness.

    These realities become even more painful when contrasted with nations around the globe.  Across 204 countries and territories, the United States had the highest age-standardized incidence rate of cancer in 2021, nearly double the next-highest rate.  Further, from 1990-2021, the United States experienced an 88 percent increase in cancer, the largest percentage increase of any country evaluated.  In 2021, asthma was more than twice as common in the United States than most of Europe, Asia, or Africa.  Autism spectrum disorders had the highest prevalence in high-income countries, including the United States, in 2021.  Similarly, autoimmune diseases such as inflammatory bowel disease, psoriasis, and multiple sclerosis are more commonly diagnosed in high-income areas such as Europe and North America.  Overall, the global comparison data demonstrates that the health of Americans is on an alarming trajectory that requires immediate action.

    This concern applies urgently to America’s children.  In 2022, an estimated 30 million children (40.7 percent) had at least one health condition, such as allergies, asthma, or an autoimmune disease.  Autism spectrum disorder now affects 1 in 36 children in the United States — a staggering increase from rates of 1 to 4 out of 10,000 children identified with the condition during the 1980s.  Eighteen percent of late adolescents and young adults have fatty liver disease, close to 30 percent of adolescents are prediabetic, and more than 40 percent of adolescents are overweight or obese.

    These health burdens have continued to increase alongside the increased prescription of medication.  For example, in the case of Attention Deficit Disorder/Attention Deficit Hyperactivity Disorder, over 3.4 million children are now on medication for the disorder — up from 3.2 million children in 2019-2020 — and the number of children being diagnosed with the condition continues to rise.  

    This poses a dire threat to the American people and our way of life.  Seventy-seven percent of young adults do not qualify for the military based in large part on their health scores.  Ninety percent of the Nation’s $4.5 trillion in annual healthcare expenditures is for people with chronic and mental health conditions.  In short, Americans of all ages are becoming sicker, beset by illnesses that our medical system is not addressing effectively.  These trends harm us, our economy, and our security.

    To fully address the growing health crisis in America, we must re-direct our national focus, in the public and private sectors, toward understanding and drastically lowering chronic disease rates and ending childhood chronic disease.  This includes fresh thinking on nutrition, physical activity, healthy lifestyles, over-reliance on medication and treatments, the effects of new technological habits, environmental impacts, and food and drug quality and safety.  We must restore the integrity of the scientific process by protecting expert recommendations from inappropriate influence and increasing transparency regarding existing data.  We must ensure our healthcare system promotes health rather than just managing disease.

    Sec. 2.  Policy.  It shall be the policy of the Federal Government to aggressively combat the critical health challenges facing our citizens, including the rising rates of mental health disorders, obesity, diabetes, and other chronic diseases.  To do so, executive departments and agencies (agencies) that address health or healthcare must focus on reversing chronic disease.  Under this policy:

    (a)  all federally funded health research should empower Americans through transparency and open-source data, and should avoid or eliminate conflicts of interest that skew outcomes and perpetuate distrust;

    (b)  the National Institutes of Health and other health-related research funded by the Federal Government should prioritize gold-standard research on the root causes of why Americans are getting sick;

    (c)  agencies shall work with farmers to ensure that United States food is the healthiest, most abundant, and most affordable in the world; and

    (d)  agencies shall ensure the availability of expanded treatment options and the flexibility for health insurance coverage to provide benefits that support beneficial lifestyle changes and disease prevention.

    Sec. 3.  Establishment and Composition of the President’s Make America Healthy Again Commission.  (a)  There is hereby established the President’s Make America Healthy Again Commission (Commission), chaired by the Secretary of Health and Human Services (Chair), with the Assistant to the President for Domestic Policy serving as Executive Director (Executive Director).

    (b)  In addition to the Chair and the Executive Director, the Commission shall include the following officials, or their designees:

    (i)     the Secretary of Agriculture;

    (ii)    the Secretary of Housing and Urban Development;

    (iii)   the Secretary of Education;

    (iv)    the Secretary of Veterans Affairs;

    (v)     the Administrator of the Environmental Protection Agency;

    (vi)    the Director of the Office of Management and Budget;

    (vii)   the Assistant to the President and Deputy Chief of Staff for Policy;

    (viii)  the Director of the National Economic Council;

    (ix)    the Chairman of the Council of Economic Advisers;

    (x)     the Director of the Office of Science and Technology Policy;

    (xi)    the Commissioner of Food and Drugs;

    (xii)   the Director for the Centers for Disease Control and Prevention;

    (xiii)  the Director of the National Institutes of Health; and

    (xiv)   other members of my Administration invited to participate, at the discretion of the Chair and the Executive Director.

    Sec. 4.  Fighting Childhood Chronic Disease.  The initial mission of the Commission shall be to advise and assist the President on how best to exercise his authority to address the childhood chronic disease crisis.  Therefore, the Commission shall:

    (a)  study the scope of the childhood chronic disease crisis and any potential contributing causes, including the American diet, absorption of toxic material, medical treatments, lifestyle, environmental factors, Government policies, food production techniques, electromagnetic radiation, and corporate influence or cronyism;  

    (b)  advise and assist the President on informing the American people regarding the childhood chronic disease crisis, using transparent and clear facts; and

    (c)  provide to the President Government-wide recommendations on policy and strategy related to addressing the identified contributing causes of and ending the childhood chronic disease crisis.

    Sec. 5.  Initial Assessment and Strategy from the Make America Healthy Again Commission.  (a)  Make our Children Healthy Again Assessment.  Within 100 days of the date of this order, the Commission shall submit to the President, through the Chair and the Executive Director, the Make Our Children Healthy Again Assessment, which shall:

    (i)     identify and describe childhood chronic disease in America compared to other countries;

    (ii)    assess the threat that potential over-utilization of medication, certain food ingredients, certain chemicals, and certain other exposures pose to children with respect to chronic inflammation or other established mechanisms of disease, using rigorous and transparent data, including international comparisons;

    (iii)   assess the prevalence of and threat posed by the prescription of selective serotonin reuptake inhibitors, antipsychotics, mood stabilizers, stimulants, and weight-loss drugs;

    (iv)    identify and report on best practices for preventing childhood health issues, including through proper nutrition and the promotion of healthy lifestyles;

    (v)     evaluate the effectiveness of existing educational programs with regard to nutrition, physical activity, and mental health for children;

    (vi)    identify and evaluate existing Federal programs and funding intended to prevent and treat childhood health issues for their scope and effectiveness;

    (vii)   ensure transparency of all current data and unpublished analyses related to the childhood chronic disease crisis, consistent with applicable law;

    (viii)  evaluate the effectiveness of current Federal Government childhood health data and metrics, including those from the Federal Interagency Forum on Child and Family Statistics and the National Survey of Children’s Health;

    (ix)    restore the integrity of science, including by eliminating undue industry influence, releasing findings and underlying data to the maximum extent permitted under applicable law, and increasing methodological rigor; and

    (x)     establish a framework for transparency and ethics review in industry-funded projects.

    (b)  Make our Children Healthy Again Strategy.  Within 180 days of the date of this order, the Commission shall submit to the President, through the Chair and the Executive Director, a Make Our Children Healthy Again Strategy (Strategy), based on the findings from the Make Our Children Healthy Again Assessment described in subsection (a) of this section.  The Strategy shall address appropriately restructuring the Federal Government’s response to the childhood chronic disease crisis, including by ending Federal practices that exacerbate the health crisis or unsuccessfully attempt to address it, and by adding powerful new solutions that will end childhood chronic disease.

    (c)  The Chair may hold public hearings, meetings, roundtables, and similar events, as appropriate, and may receive expert input from leaders in public health and Government accountability. 

    Sec. 6Additional Reports.  (a)  Following the submission to the President of the Strategy, and any final strategy reports thereafter, the Chair and the Executive Director shall recommend to the President updates to the Commission’s mission, including desired reports.

    (b)  The Commission shall not reconvene, following submission of the Strategy, until an updated mission is submitted to the President through the Executive Director.

    Sec. 7.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

    (i)   the authority granted by law to an executive department or agency, or the head thereof; or

    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

    THE WHITE HOUSE,

        February 13, 2025.

    MIL OSI USA News

  • MIL-OSI Australia: Five more University Study Hubs coming to the outer suburbs

    Source: Australian Ministers for Education

    The Albanese Labor Government has announced the locations of the next five new Suburban University Study Hubs (SUSHs), bringing university closer to where people live in the outer suburbs.

    A recommendation of the Universities Accord, the SUSHs will help more people from the outer suburbs of our big cities get a crack at going to university.  

    The five new or expanded SUSHs will be located in:

    • Fairfield, NSW
    • Mt Druitt and Emerton, NSW
    • Liverpool, NSW
    • Inala, QLD
    • Beenleigh, QLD

    This adds to the 10 SUSHs the Government announced in November, and will bring the total number of SUSHs to 15.

    The first 10 SUSHs will be located in: 

    • Broadmeadows and Epping, Victoria
    • Melton, Victoria
    • Macquarie Fields, NSW
    • Kurri Kurri, NSW
    • Elizabeth, South Australia
    • Strathpine, Queensland
    • Sorell, Tasmania
    • Armadale, Western Australia
    • Ellenbrook, Western Australia
    • Mandurah, Western Australia

    All 15 SUSHs are expected to be open by late 2025.

    The evidence shows that where Study Hubs are, university participation goes up.

    In addition to the SUSHs, there are now 56 Regional University Study Hubs located across the country.

    In total, the Albanese Government is investing $66.9 million to establish more Study Hubs in the regions and in the outer suburbs of our major cities.

    These Study Hubs provide student support and campus-style facilities for students who are doing a university degree closer to home.

    The Albanese Government is also delivering a range of further reforms for students in higher education and vocational education, including:

    • Fixing HECS indexation and wiping $3 billion in student debt from around 3 million Australians
    • Introducing a Commonwealth prac payment for teaching, nursing, midwifery and social work students
    • Expanding Fee-Free University Ready courses
    • Committing to cut a further 20 per cent off all student loan debts, wiping around $16 billion in student debt for around 3 million Australians from 1 June next year
    • Committing to raise the minimum repayment threshold for student loans and cutting repayment rates to make the repayment system fairer for all Australians with a student debt by 1 July next year
    • Making free TAFE permanent.

    For more details visit the Australian Government Department of Education website.

    Quotes attributable to Minister for Education Jason Clare:

    “Almost one in two young people in their 20s and their 30s have a university degree today. But not everywhere. Not in our outer suburbs and not in regional Australia.

    “That’s why we are doubling the number of University Study Hubs, to bring university closer to them.

    “We know they work. The evidence is they increase the number of people going to uni and finishing a uni degree.

    “Now for the first time, we are putting these University Study Hubs in the outer suburbs.

    “I know growing up in Western Sydney I saw a lot of golden arches and KFC and Westfield but not a lot of university crests.

    “A lot of my friends felt like university was somewhere else for someone else.

    “I want this to change, and that means bringing university closer to where people live.”

    Quotes attributable to Assistant Minister for Education, Anthony Chisholm:

    “Where you live shouldn’t decide whether or not you can get a degree.

    “In outer suburbs like Beenleigh, only 8.7 per cent of the population have a Bachelor degree, our Suburban Uni Study Hubs aim to change stats like these.

    “These hubs will also create another pathway for the next nurse or the next teacher to get a degree and fill the gaps we have in our workforce.

    “Our regional hubs have helped thousands of students, now the suburban hubs will give those living in the outer suburbs a place to study, saving them from needing to commute or move into our city centres.”

    MIL OSI News

  • MIL-OSI Europe: Written question – Links between mass immigration and violent crime – E-000536/2025

    Source: European Parliament

    Question for written answer  E-000536/2025
    to the Commission
    Rule 144
    Mary Khan (ESN)

    Recent violent crimes committed in Germany by individuals with a migration background, such as the tragic events that took place in Magdeburg in December 2024 and Aschaffenburg in January 2025, have once again raised serious concerns among Germans regarding the impact of mass immigration. With violent crimes on the rise – including assaults, gang violence and sexual offences[1] – I would like to ask:

    • 1.What data does the Commission collect on the correlation between immigration and violent crime rates across the Member States?
    • 2.Does the Commission acknowledge any link between mass immigration and an increased incidence of violent crime, as suggested by statistics in Germany, where crime rates have risen in areas with higher concentrations of migrants?
    • 3.What steps will the Commission take to hold itself accountable for the consequences of its migration policies, which have directly contributed to the erosion of public safety in Germany?

    Submitted: 5.2.2025

    • [1] https://www.welt.de/vermischtes/article254159100/Zahl-der-Sexualstraftaten-gegen-Frauen-innerhalb-von-zehn-Jahren-fast-verdoppelt.html?utm_source=chatgpt.com.
    Last updated: 13 February 2025

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: NSSTA Celebrates 17th Foundation Day on 13th February, 2025

    Source: Government of India (2)

    NSSTA Celebrates 17th Foundation Day on 13th February, 2025

    Theme: “Empowering Governance Through Statistical Excellence – 17 Years of Capacity Development and Collaboration.”

    Posted On: 13 FEB 2025 7:53PM by PIB Delhi

    The National Statistical Systems Training Academy (NSSTA), Ministry of Statistics & Programme Implementation, Government of India celebrated its 17th Foundation Day at Mahalanobis Auditorium, NSSTA, Greater Noida, Uttar Pradesh. This celebration marks the 17 years of excellence in statistical training and capacity building of NSSTA. The theme for this year’s celebration was “Empowering Governance Through Statistical Excellence – 17 Years of Capacity Development and Collaboration.” The event underscored NSSTA’s crucial role in equipping statisticians and field officials with advanced methodologies, ensuring high quality data collection that supports evidence-based policy making.

    The celebration commenced with the lighting of the lamp by dignitaries, followed by Vandana and a performance of the musical instrument by the Bureau of Outreach and Communication (BOC), Ministry of Information & Broadcasting. Shri K. B. Surwade, ISS, Additional Director General (CDD), MoSPI, delivered the welcome address, highlighting NSSTA’s role in developing statistical professionals and modernizing data collection methodologies. He emphasized its responsibility in strengthening statistical capacity across central, state, and UT governments, as well as developing countries, through a blend of traditional and modern approaches. He also underscored NSSTA’s national and global collaborations, the Indian data governance framework, and its commitment to fostering a data-driven and prosperous India, while expressing gratitude to MoSPI for their support.

    Shri P. R. Meshram, ISS, Director General (DG), MoSPI, addressed NSSTA’s 17th Foundation Day, highlighting its role in strengthening statistical systems since 2009. He emphasized NSSTA’s contributions to capacity building, having trained over 4,000 officers, including international participants, through collaborations with global institutions. Stressing the evolving role of statisticians, he called for technical proficiency, ethical integrity, and dynamic skilling to support Viksit Bharat 2047. Shri Shombi Sharp, UN Resident Coordinator in India, highlighted global perspectives on capacity building in official statistics and potential collaborations with NSSTA to promote statistical excellence. India has made significant contributions to the global statistical field, with pioneers like Prof. P.C. Mahalanobis shaping modern frameworks that continue to drive policymaking and governance. Accurate and timely data is crucial for tracking Sustainable Development Goals (SDGs), with platforms like the National Indicator Framework (NIF) and Global Indicator Framework (GIF) relying on robust statistics for informed decision-making. As India advances toward Viksit Bharat 2047, the United Nations remains a committed partner, emphasizing that data should serve as a unifying force in addressing complex global challenges.

     

     

    Dr. Saurabh Garg, IAS, Secretary, MoSPI, provided insights on statistical strategy and India’s future priorities. He emphasized the integration of advanced technologies, real-time data generation, and alternative data sources. Highlighting India’s evolving statistical landscape, he underscored the role of technology, collaboration, and high-quality data in shaping the future. He also acknowledged the National Sample Survey’s 75-year legacy in shaping India’s socio-economic and environmental policies, strengthened through NSSTA’s capacity-building initiatives. District-level data releases are in Plan, which will bolster evidence-based governance. The collaborations with IITs and other institutes of repute have fuelled research. Additionally, India’s leadership in the UN Statistical Commission and initiatives like iGOT have reinforced statistical literacy and innovation. With a focus on quality, inclusivity, and modernization, MoSPI aims to position India as a global leader in data-driven decision-making, aligned with the vision of Viksit Bharat 2047.

     

    Shri Adil Zainulbhai, Chairman, Capacity Building Commission (CBC), addressed the collaboration and role of NSSTA in strengthening the vision of the Capacity Building Commission. NSSTA actively collaborates with iGOT and CBC and has demonstrated exemplary performance during National Learning Week (NLW) alongside the Field Operations Division of MOSPI, with a significant percentage of users completing the target of 4+ learning hours.

    He stressed that the world is evolving rapidly, making it imperative to embrace technology to realize the vision of Viksit Bharat 2047. As the pace of data collection and surveys accelerates, there is an need to reassess how information is analyzed and utilized effectively. He emphasized that Al and big data are revolutionizing statistical applications, underscoring the necessity of integrating Al training into decision-making processes and promoting widespread digital adaptation. He further highlighted the critical role of NSSTA in advancing data-driven governance by enabling individuals to comprehend and apply data in everyday decision-making. Leveraging platforms such as IGOT for digital learning, he asserted that the focus must be on equipping all civil servants with essential statistical and technological competencies to enhance policy implementation and governance.

    In continuation to this, Prof. Rajeeva Laxman Karandikar, Chairman of NSC, emphasized its role in capacity development and the growing significance of data in AI and modern technologies. He highlighted that without embracing these innovations, individuals and institutions risk obsolescence. AI models rely on vast datasets for insights, making inferential statistics crucial for data relevance. While AI holds great potential for national development, human intelligence remains vital. He cautioned against misinterpreting data, stressing the need for sound judgment in decision-making.

     

    A vote of thanks presented by Dr. J. S. Tomar, DDG, NSSTA to all dignitaries, our partners, collaborators, and well-wishers, whose continued support and encouragement have strengthened NSSTA’s vision and activities.

    As part of the celebrations, NSSTA also released the Statistical Training needs Assessment (STA) Survey Report, prepared in collaboration with the Capacity Building Commission (CBC). The survey assesses the skill levels and training needs of Indian Statistical Service (ISS) officers and provides key insights to develop a targeted training strategy. The report highlights areas for capacity building, including advanced statistical methods, IT tools, and interdisciplinary competencies, ensuring a structured approach to professional development. Dignitaries at the event emphasized the significance of the report in fostering a culture of continuous learning and strengthening MoSPI’s training initiatives.

     

    A technical session followed, featuring discussions on the use of official statistics in governance. The speakers included Shri Amarjeet Sinha, IAS, Former Secretary, Ministry of Rural Development, Government of India, who shared experiences on official statistics use cases for decision-making. Dr. Sonalde Desai, NCAER, highlighted the importance of capacity development for producing and using official statistics. Dr. Amandeep Singh Kapoor, IPS, Director, CDTI, Jaipur, emphasized the importance of NSSTA and CDTI collaboration for mutual benefits. NSSTA is also collaborating with other national institutes of repute, as well as UN and international agencies like the World Bank, IMF SARTTAC. Through partnerships with global organizations, we are aligning our methodologies with international best practices while maintaining their relevance to our unique national context. He highlighted the role of data inclusivity in policymaking, advocating for the integration of AI and non-traditional data sources such as satellite imagery and mobile data to enhance data collection and analysis. Additionally, he stressed the necessity of district-wise granular datasets for more effective policy targeting and capacity-building initiatives. Through partnerships with global organizations, we are aligning our methodologies with international best practices while maintaining their relevance to our unique national context. Representatives from the first three ISS pass-out batches (2007, 2008, and 2009) of NSSTA shared their training experiences and highlighted the way forward.

     

    The event concluded with a vibrant cultural program. Today`s NSSTA 17thfoundation day celebrated NSSTA’s commitment to nurturing a future ready statistical workforce. As India moves towards realizing vision of Viksit Bharat 2047, NSSTA remains a cornerstone in the evolution of India’s statistical ecosystem, ensuring that official statistics continue to drive informed policy making and national progress. With 75 years of NSS shaping India’s development, NSSTA’s role in building the capacity of the next generation of statistical professionals will be instrumental in ensuring a data-driven and prosperous future to achieve the vision of Vikshit Bharat 2047.

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    Samrat/Dheeraj/Allen

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    MIL OSI Asia Pacific News

  • MIL-OSI: H&R Block and Tinder Team Up to Celebrate Singles this Tax Season

    Source: GlobeNewswire (MIL-OSI)

    KANSAS CITY, Mo., Feb. 13, 2025 (GLOBE NEWSWIRE) — Managing finances as a single person can be tough, especially in the face of rising costs. That is why H&R Block (NYSE: HRB), the pioneer of the tax preparation category founded 70 years ago, has teamed up with Tinder to give 10 lucky singles a financial boost on Feb. 15, 2025, National Singles Awareness Day. Through a special sweepstakes offered this tax season, the leading companies are offering singles a chance to win extra cash recognizing that navigating money matters alone can be tough, and a little support goes a long way.

    Beyond daily expenses, tax season sheds light on the financial disparities between singles and couples. In 2022, single filers received an average refund of $1,777, while married couples received an average refund of $2,620, and heads of household received more than three times what single filers received1.

    “Married couples often benefit from a lower effective tax rate and a larger refund when they file jointly, combining their income, deductions and credits,” said Andy Phillips, Vice President, H&R Block’s The Tax Institute. “Meanwhile, the lower refund size for single filers is likely the result of other factors, such as single filers being less likely to claim child-related tax credits than head of household or married filers.”

    Easing Financial Challenges

    To help ease the financial challenges some singles may face, H&R Block and Tinder are hosting a sweepstakes that will run from Feb. 15 to March 15. How does it work? Starting on National Singles Awareness Day, Tinder users can enter for a chance to win $1,777, accessible in the Tinder app or Tinder’s TikTok bio. Entrants must be 18+ and a U.S. resident2. See here for more information and to enter for a chance to win on Feb. 15.

    What many know is that financial wellness is not just personal it shapes relationships, starting with the one you have with yourself. And, in the dating world, financial stability is now a top priority.

    A survey conducted by OnePoll on behalf of Tinder found that one of the top traits men and women seek in a potential partner is financial stability (20%), along with loyalty (48%), attractiveness (42%) and honesty (37%). Reflecting this trend, “finance” became the second most popular Tinder bio mention in 2024, surging 82% from the year prior3.

    Filing Taxes: Almost As Easy As Tinder’s Swipe®Experience

    This is not H&R Block’s first partnership focused on navigating the world of taxes and finances as a single person. During the 2024 tax season, H&R Block broke the traditional marketing mold by creating Responsibility Island, a parody that aired on Roku and YouTube and is based on well-known and loved reality TV dating shows. Responsibility Island featured a group of young adults who think they are embarking on the latest dating show journey. To their surprise, what they thought would be an adventure to find true love is a responsibility boot camp. The show followed cast members as they took on a gauntlet of challenges in adulting designed to teach self-reliance and productivity. In the finale, they faced the mother of all responsibility to get off the island – filing their own taxes.

    “At H&R Block, we want to make filing your taxes as easy as the Swipe Experience,” said Jill Cress, Chief Marketing and Experience Officer, H&R Block. “We are thrilled to be partnering with Tinder to connect with their audience and meet Gen Z customers where they are. After all, 87% of our Gen Z customer base is single. While we cannot guarantee a perfect match, we can guarantee stress-free filing that is accessible for everyone.”

    For more information on the sweepstakes, check out the Official Rules on Feb. 15, and head to Tinder’s Tik Tok and Instagram, keeping an eye out for a guest appearance from one of the beloved stars from Responsibility Island. You might hear a few hints dropped on what is to come for the show’s cast later this tax season.

    To learn more about H&R Block’s tax preparation services, many ways to file, and year-round financial support, visit hrblock.com. For media assets, visit hrblock.com/tax-center/newsroom or for a downloadable Tax Season 2025 media kit, visit https://www.hrblock.com/tax-center/media-kit/tax-season-2025/. And for helpful tips and information, follow us on TikTok, Instagram, and Facebook.

    About H&R Block 
    H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News.  

    About Tinder 
    Launched in 2012, Tinder® revolutionized how people meet, growing from 1 match to one billion matches in just two years. This rapid growth demonstrates its ability to fulfill a fundamental human need: real connection. Today, the app has been downloaded over 630 million times, leading to over 97 billion matches, serving approximately 50 million users per month in 190 countries and 45+ languages – a scale unmatched by any other app in the category. In 2024, Tinder won four Effie Awards for its first-ever global brand campaign, It Starts with a Swipe™.

    Tinder®, Swipe®, the flame logo, and It Starts with a Swipe are registered trademarks of Tinder LLC.

    1Source: Table 1.3. All Returns: Sources of Income, Adjustments, Deductions, Credits, and Tax Items, by Filing Status, Tax Year 2021 (Filing Year 2022); SOI tax stats – Individual statistical tables by filing status | Internal Revenue Service
    2No purchase necessary. Void where prohibited. 18+ U.S. only. Rules at https://fooji.info/SinglesTaxRefundRules
    3A survey of 4000 18-30-year-olds who are actively dating in the US, UK, Canada and Australia between Sept. 25, 2024 and Nov. 4, 2024 conducted by OnePoll on behalf of Tinder

    The MIL Network

  • MIL-Evening Report: 3 statistical stuff-ups that made everyday items look healthier (or riskier) than they really are

    Source: The Conversation (Au and NZ) – By Adrian Esterman, Professor of Biostatistics and Epidemiology, University of South Australia

    VLADIMIR VK/Shutterstock

    Conducting scientific studies is never easy, and there are often major disasters along the way. A researcher accidentally spills coffee on a keyboard, destroying the data. Or one of the chemicals used in the analysis is contaminated, and the list goes on.

    However, when we read the results of the study in a scientific paper, it always looks pristine. The study went smoothly with no hiccups, and here are our results.

    But studies can contain errors, not all of which independent experts or “peer reviewers” weed out before publication.

    Statistical stuff-ups can be difficult to find as it really takes someone trained in statistics to notice something wrong.

    When statistical mistakes are made and found, it can have profound impacts on people who may have changed their lifestyle as a result of the flawed study.

    These three examples of inadvertent statistical mistakes have had major consequences for our health and shopping habits.

    1. Did you throw out your black plastic spoons?

    Late last year, I came across a news article about how black plastic kitchen utensils were dangerous as they could potentially leak toxic flame-retardant chemicals into your food.

    Being a natural sceptic, I looked up the original paper, which was published in the journal Chemosphere. The article looked genuine, the journal was reputable. So – like perhaps many other people – I threw out my black plastic kitchen utensils and replaced them with silicone ones.

    In the study, the authors screened 203 household products (about half were kitchen utensils) made from black plastic.

    The authors found toxic flame retardants in 85% of the products tested, with levels approaching the maximum daily limits set by the Environmental Protection Agency in the United States.

    Unfortunately, the authors made a mistake in their calculations. They were out by a factor of ten. This meant the level of toxic chemicals was well under the daily safety limits.

    In recent weeks, the authors apologised and corrected their paper.

    2. Did you avoid HRT?

    A landmark study raised safety concerns about hormone replacement therapy or HRT (now also known as menopausal hormone therapy). This highlights a different type of statistical error.

    The Women’s Health Initiative (WHI) study involved 10,739 postmenopausal women aged 50-79 recruited from 40 clinical centres in the US. It compared the health of women randomised to take HRT with those who took the placebo. Neither the researchers nor the women knew which treatment had been given.

    In their 2002 paper, the authors reported higher rates of invasive breast cancers in the HRT group. They used a unit called “person-years”. Person-years is a way to measure the total time a group of people spends in a study. For example, if 100 people are in a study for one year each, that makes 100 person-years. If someone leaves the trial after only six months, only that half-year is counted for them.

    The authors showed a rate of 38 invasive breast cancers per 10,000 person-years in the HRT group, compared to 30 per 10,000 person-years in the placebo group. This gives a rate ratio of 1.26 (one rate divided by the other).

    This fairly large increase in breast cancer rates, also expressed as a 26% increase, caused widespread panic around the world, and led to thousands of women stopping HRT.

    But the actual risk of breast cancer in each group is low. The rate of 38 per 10,000 person-years is equivalent to an annual rate of 0.38%. With very small rates like this, the authors should really have used the rate difference rather than the rate ratio. The rate difference is one rate subtracted from the other, rather than divided by it. This equates to an annual increase of 0.08% breast cancer cases in the HRT group – much more modest.

    The authors of the 2002 paper also pointed out that the 26% increase in the rate of breast cancer “almost reached nominal statistical significance”. Almost is not statistical significance, and formally, this means there was no difference in breast cancer rates between the two groups. In other words, the difference between the two groups could have happened by chance.

    The authors should have been more careful when describing their results.

    3. Did Popeye’s spinach change your meals?

    Cartoon character Popeye is a one-eyed, pipe-smoking sailor with mangled English, in love with the willowy Olive Oyl. He is constantly getting into trouble, and when he needs extra energy, he opens a can of spinach and swallows the contents. His biceps immediately bulge, and off he goes to sort out the problem.

    When Popeye ate spinach, his muscles bulged. No wonder sales of spinach rose.

    But why does Popeye eat spinach?

    The story begins in about 1870, with a German chemist, Erich von Wolf or Emil von Wolff, depending on which version of events you read.

    He was measuring the amount of iron in different types of leafy vegetables. According to legend, which some dispute, he was writing the iron content of spinach down in a notebook and got the decimal point wrong, writing 35 milligrams instead of 3.5 milligrams per 100 gram serve of spinach. The error was found and corrected in 1937.

    By then the Popeye character had been created and spinach became incredibly popular with children. Apparently, consumption of spinach in the US went up by a third as a result of the cartoon.

    This story had gained legendary status but has one tiny flaw. In a 1932 cartoon, Popeye explains exactly why he eats spinach, and it’s nothing to do with iron. He says in his garbled English:

    Spinach is full of Vitamin A. An’tha’s what makes hoomans strong an’ helty!

    Adrian Esterman receives funding from the NHMRC, MRFF and ARC.

    ref. 3 statistical stuff-ups that made everyday items look healthier (or riskier) than they really are – https://theconversation.com/3-statistical-stuff-ups-that-made-everyday-items-look-healthier-or-riskier-than-they-really-are-249367

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Is AI making us stupider? Maybe, according to one of the world’s biggest AI companies

    Source: The Conversation (Au and NZ) – By Deborah Brown, Professor in Philosophy, Director of the University of Queensland Critical Thinking Project, The University of Queensland

    Nadia Piet + AIxDESIGN & Archival Images of AI/Better Images of AI, CC BY-SA

    There is only so much thinking most of us can do in our heads. Try dividing 16,951 by 67 without reaching for a pen and paper. Or a calculator. Try doing the weekly shopping without a list on the back of last week’s receipt. Or on your phone.

    By relying on these devices to help make our lives easier, are we making ourselves smarter or dumber? Have we traded efficiency gains for inching ever closer to idiocy as a species?

    This question is especially important to consider with regard to generative artificial intelligence (AI) technology such as ChatGPT, an AI chatbot owned by tech company OpenAI, which at the time of writing is used by 300 million people each week.

    According to a recent paper by a team of researchers from Microsoft and Carnegie Mellon University in the United States, the answer might be yes. But there’s more to the story.

    Thinking well

    The researchers assessed how users perceive the effect of generative AI on their own critical thinking.

    Generally speaking, critical thinking has to do with thinking well.

    One way we do this is by judging our own thinking processes against established norms and methods of good reasoning. These norms include values such as precision, clarity, accuracy, breadth, depth, relevance, significance and cogency of arguments.

    Other factors that can affect quality of thinking include the influence of our existing world views, cognitive biases, and reliance on incomplete or inaccurate mental models.

    The authors of the recent study adopt a definition of critical thinking developed by American educational psychologist Benjamin Bloom and colleagues in 1956. It’s not really a definition at all. Rather it’s a hierarchical way to categorise cognitive skills, including recall of information, comprehension, application, analysis, synthesis and evaluation.

    The authors state they prefer this categorisation, also known as a “taxonomy”, because it’s simple and easy to apply. However, since it was devised it has fallen out of favour and has been discredited by Robert Marzano and indeed by Bloom himself.

    In particular, it assumes there is a hierarchy of cognitive skills in which so-called “higher-order” skills are built upon “lower-order” skills. This does not hold on logical or evidence-based grounds. For example, evaluation, usually seen as a culminating or higher-order process, can be the beginning of inquiry or very easy to perform in some contexts. It is more the context than the cognition that determines the sophistication of thinking.

    An issue with using this taxonomy in the study is that many generative AI products also seem to use it to guide their own output. So you could interpret this study as testing whether generative AI, by the way it’s designed, is effective at framing how users think about critical thinking.

    Also missing from Bloom’s taxonomy is a fundamental aspect of critical thinking: the fact that the critical thinker not only performs these and many other cognitive skills, but performs them well. They do this because they have an overarching concern for the truth, which is something AI systems do not have.

    ChatGPT is used by 300 million people each week.
    Alex Photo Stock/Shutterstock

    Higher confidence in AI equals less critical thinking

    Research published earlier this year revealed “a significant negative correlation between frequent AI tool usage and critical thinking abilities”.

    The new study further explores this idea. It surveyed 319 knowledge workers such as healthcare practitioners, educators and engineers who discussed 936 tasks they conducted with the help of generative AI. Interestingly, the study found users consider themselves to use critical thinking less in the execution of the task, than in providing oversight at the verification and editing stages.

    In high-stakes work environments, the desire to produce high-quality work combined with fear of reprisals serve as powerful motivators for users to engage their critical thinking in reviewing the outputs of AI.

    But overall, participants believe the increases in efficiency more than compensate for the effort expended in providing such oversight.

    The study found people who had higher confidence in AI generally displayed less critical thinking, while people with higher confidence in themselves tended to display more critical thinking.

    This suggests generative AI does not harm one’s critical thinking – provided one has it to begin with.

    Problematically, the study relied too much on self-reporting, which can be subject to a range of biases and interpretation issues. Putting this aside, critical thinking was defined by users as “setting clear goals, refining prompts, and assessing generated content to meet specific criteria and standards”.

    “Criteria and standards” here refer more to the purposes of the task than to the purposes of critical thinking. For example, an output meets the criteria if it “complies with their queries”, and the standards if the “generated artefact is functional” for the workplace.

    This raises the question of whether the study was really measuring critical thinking at all.

    The research found that people with higher confidence in themselves tended to display more critical thinking.
    ImYanis/Shutterstock

    Becoming a critical thinker

    Implicit in the new study is the idea that exercising critical thinking at the oversight stage is at least better than an unreflective over-reliance on generative AI.

    The authors recommend generative AI developers add features to trigger users’ critical oversight. But is this enough?

    Critical thinking is needed at every stage before and while using AI – when formulating questions and hypotheses to be tested, and when interrogating outputs for bias and accuracy.

    The only way to ensure generative AI does not harm your critical thinking is to become a critical thinker before you use it.

    Becoming a critical thinker requires identifying and challenging unstated assumptions behind claims and evaluating diverse perspectives. It also requires practising systematic and methodical reasoning and reasoning collaboratively to test your ideas and thinking with others.

    Chalk and chalkboards made us better at mathematics. Can generative AI make us better at critical thinking? Maybe – if we are careful, we might be able to use generative AI to challenge ourselves and augment our critical thinking.

    But in the meantime, there are always steps we can, and should, take to improve our critical thinking instead of letting an AI do the thinking for us.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Is AI making us stupider? Maybe, according to one of the world’s biggest AI companies – https://theconversation.com/is-ai-making-us-stupider-maybe-according-to-one-of-the-worlds-biggest-ai-companies-249586

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: Valentine’s Day: the economic value of romantic tradition

    Source: The Conversation – UK – By Sameer Hosany, Professor of Marketing, Royal Holloway University of London

    Evgeny Karandaev/Shutterstock

    We may never know if St Valentine, a martyr beheaded for officiating the forbidden weddings of persecuted Christians, was keen on chocolate and flowers. But we do know that millions of people around the world will be using those very items to celebrate his name on February 14.

    In the UK, it is estimated that 60% of the population will celebrate Valentine’s Day this year, each spending around £52 on gifts and other romantic gestures. The total spend in the US will be about US$27 billion (£22 bilion), including roughly $US500 million on roses.

    So the tradition of spending money on your romantic partner on February 14 seems fairly well established. But it is hard to know exactly when the link began.

    Up until the late 14th century, Valentine’s Day was solely a commemoration of his martyrdom. The shift toward an association with romantic love emerged in the Middle Ages, and is often attributed to the poet Geoffrey Chaucer, who linked Valentine’s Day to romance in his poem Parliament of Fowls.

    But it was the 19th century industrial revolution which brought about the mass production of romantic gifts. Cadbury was the first chocolate maker to commercialise the association between romance and confectionery by producing heart-shaped boxes of chocolates for Valentine’s Day in 1868. These boxes were decorated with images of Cupid, roses and hearts, and would sometimes be kept to store romantic letters and mementos.

    And while Hallmark did not invent the occasion, it played a big part in bolstering its popularity by selling Valentine’s Day postcards in 1910, and then printing its own greetings cards from 1916.

    Now in the US, around 145 million Valentine’s Day cards are exchanged each year, making it the second largest annual occasion for card giving (after Christmas).

    But it’s not just car sellers, florists and chocolate-makers who seek to benefit from the commercial opportunities Valentine’s Day provides. This year for example, IKEA has partnered with a dating app to give nine British couples a “once-in-a-lifetime” first date in an Ikea store, where they will share a meatball dinner for two in bed.

    Lego has launched a travelling campaign in major cities around the world to show off its floral designs, and Coca-Cola has teamed up with a fast-food brand to create a Valentine-themed drive-thru experience.

    Chocolate and marshmallows

    These kinds of one-off marketing campaigns are only possible thanks to a long history of Valentine’s traditions, which vary around the world.

    In Japan for example, it is a two-part celebration. On February 14, women often give “Giri-choco” (“obligation chocolate”) to friends and colleagues, while “home-choco” (“true-feeling chocolate”) is reserved for romantic partners. On March 14, known as White Day, men reciprocate by giving jewellery and less-expensive gifts that are white (marshmallows are a popular choice).

    Celebrations in South Korea are similar to those in Japan, but with the addition of Black Day on April 14 when single people gather at restaurants to eat black noodles (jajangmyeon). In the Philippines, Valentine’s Day is marked by mass weddings organised by the government.

    In Finland and Estonia, Valentine’s Day is known as “Friend’s Day” with the focus on celebrating non-romantic love and friendship. A similar idea, “Galentine’s Day”, which featured in a 2010 episode of the US sitcom Parks and Recreation, has become a popular way of celebrating female friendship.

    Love for sale

    Of course, not all consumers enjoy Valentine’s Day rituals. For many, there is pressure attached to romantic shopping, while for others it is just an unwelcome reminder of their single status.

    It can also bring social pressure, and lead to feelings of obligation and self-loathing.

    But there is a market for that too. Anti-Valentine’s day sentiment has inspired other ways to (not) celebrate, including a box of chocolates aimed at single people.

    And it can be a very valuable day for businesses, large and small. With high levels of participation and spending, Valentine’s Day brings a major surge in revenue for sectors including retail, hospitality and entertainment.

    So although it might not sound very romantic, it’s worth remembering that while money can’t buy you love, love can provide a significant boost to the economy.

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

    ref. Valentine’s Day: the economic value of romantic tradition – https://theconversation.com/valentines-day-the-economic-value-of-romantic-tradition-248594

    MIL OSI – Global Reports

  • MIL-OSI Canada: Saskatchewan’s Building Construction Leads the Nation

    Source: Government of Canada regional news

    Released on February 13, 2025

    Province ranks first in year-over-year growth

    Today, new Statistics Canada data shows that Saskatchewan’s building construction investment increased by 30.0 per cent in December 2024 compared to December 2023 (seasonally-adjusted). The province also saw a 9.4 per cent increase in month-over-month growth from November 2024 to December 2024.

    This ranks Saskatchewan first in year-over-year and second in month-over-month growth in this category among the provinces.

    “The increased activity we are seeing across our construction sector is a testament to the confidence individuals and businesses have in our province’s strong and stable economy,” said Trade and Export Development Minister Warren Kaeding. “Every new project contributes not only to job growth and infrastructure development, but further bolsters Saskatchewan’s economy. These investments lead to direct benefits for Saskatchewan’s communities, now and into the future.”

    Investment in building construction is calculated based on the total spending value on building construction within the province.

    Statistics Canada’s latest GDP numbers indicate that Saskatchewan’s 2023 real GDP reached an all-time high of $77.9 billion, increasing by $1.77 billion, or 2.3 per cent from 2022. This places Saskatchewan second in the nation for real GDP growth, and above the national average of 1.6 per cent.

    Private capital investment is projected to reach $14.2 billion in 2024, an increase of 14.4 per cent over 2023. This is the highest anticipated percentage increase in Canada.

    Last year, the Government of Saskatchewan unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy, combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada.  

    For more information visit InvestSK.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI USA: Cantwell Reintroduces Bipartisan Bill to Hold PBMs Accountable for Driving Up Drug Costs

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    02.13.25
    Cantwell Reintroduces Bipartisan Bill to Hold PBMs Accountable for Driving Up Drug Costs
    Prescription pricing middlemen inflate costs for consumers, making it harder for pharmacies to stay open and creating pharmacy deserts; WA state ranks sixth worst in the nation for pharmacy access
    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, joined U.S. Senator Chuck Grassley (R-IA) in reintroducing the Pharmacy Benefit Manager Transparency Act, which would increase drug price transparency and hold Pharmacy Benefit Managers (PBMs) accountable for unfair and deceptive practices that drive up prescription drug prices. This legislation will reduce prescription costs for consumers and save taxpayers $740 million. 
    “Increasing prescription drugs costs have a devastating impact on the pocketbooks of American consumers,” said Sen.  Cantwell.  “For too long, Americans have been left in the dark while PBMs – the mysterious drug middlemen – manipulate prices.  Preliminary findings by the FTC found that the three biggest PBMs hiked prices of some lifesaving drugs by 1,000 percent.  This legislation will prevent PBMs from engaging in spread pricing and claw backs that harm consumers and independent pharmacies.  It’s time for Congress to reinforce FTC’s ability to hold PBMs accountable for deceptive and abusive practices.” 
    In Washington state, local pharmacies are struggling. The Washington State Pharmacy Association reported that a record 83 pharmacies shuttered across the state in 2023 and the first half of 2024 – in rural and urban areas alike – and an analysis by the Associated Press found that Washington state is sixth worst in the nation for access to pharmacies. Many of the region’s pharmacists point to the lower reimbursement rates on most of their prescriptions as a main reason for why their pharmacies are struggling, an issue caused by unfair PBM pricing practices.
    In addition, new data released today by the Bureau of Labor Statistics showed that inflation rose to 3 percent in January – including a record monthly increase in the cost of prescription drugs.
    PBMs were initially formed to process claims and negotiate lower drug prices with drug makers, but today they the wield too much influence over the price and access to prescription drugs.  PBMs administer prescription drug plans for hundreds of millions of Americans and three PBMs control nearly 80% of the prescription drug market.
    Pharmacy Benefit Managers are middlemen that manage nearly every aspect of the prescription drug benefits process for health insurance companies, self-insured employers, unions, and government programs. They operate out of the view of regulators and consumers — setting prescription costs, deciding what drugs are covered by insurance plans, and determining how they are dispensed – pocketing unknown sums that might otherwise be passed along as savings to consumers and undercutting local independent pharmacies. This lack of transparency makes it impossible to fully understand if and how PBMs might be manipulating the prescription drug market to increase profits and drive-up drug costs for consumers.
    Key takeaways from a July 2024 interim Federal Trade Commission (FTC) staff report show that:
    Market concentration and vertical integration have given PBMs significant power and control over what drugs are available to patients and at what price, without public transparency or accountability.
    PBMs engage in self-preferencing by steering patients to affiliated pharmacies and away from independent pharmacies.
    PBMs may be using their market power to force independent pharmacies into unfair contract terms and below-cost reimbursement rates.
    PBMs and manufacturers enter into rebate agreements that may impair or block access to lower-cost drugs.
    A subsequent interim staff report released a few weeks ago found that the three largest PBMs significantly marked up prices for specialty generic drugs—some by over 1,000% — and made an estimated $1.4 billion in income from spread pricing.
    Last September, the FTC sued the three largest PBMs for engaging in anticompetitive and unfair practices that inflated the price of insulin drugs, blocked patients’ access to more affordable products, and shifted the cost of high insulin list prices to vulnerable patients. 
    The PBM Transparency Act would save taxpayers $740 million over 10 years.
    The Pharmacy Benefit Manager Transparency Act of 2025 will:
    Prohibit unfair or deceptive practices.
    Block PBMs from engaging in spread pricing, unfairly reducing or clawing back drug reimbursement payments to pharmacies, and unfairly charging pharmacies more to offset federal reimbursement changes.
    Incentivize fair and transparent PBM practices.
    Provide some exceptions to liability for PBMs that pass along 100% of rebates to health plans or payers and fully disclose prescription drug rebates, costs, prices, reimbursements, fees, and other information to health plans, payers, pharmacies, and federal agencies.
    Improve transparency and competition by requiring PBMs to report:
    The amount of money they obtain from spread pricing, pharmacy fees, and clawbacks.
    Any differences in the PBMs’ reimbursement rates or fees PBMs charge affiliated pharmacies and non-affiliated pharmacies.
    Whether and why they move drugs to a higher-cost formulary tier.
    Direct the FTC to report to Congress its enforcement activities and whether PBMs engage in unfair or deceptive formulary design or placement.
    Authorize the FTC and state attorneys general to enforce the bill.
    Protect whistleblowers from being fired or reprimanded for bringing violations to light.
    Sen. Cantwell has worked for years to bring transparency to the PBM industry and reduce drug costs for consumers.  She first introduced the bipartisan Pharmacy Benefit Manager Transparency Act in May 2022 with Sen. Grassley and again in 2023.  Sen. Cantwell led passage of the bill in the Commerce Committee in 2022 and again in March 2023, and vowed to keep  fighting until the bill becomes law.  She led a press conference at a Seattle pharmacy in October 2023 and called for the bill’s passage by the Senate in June 2024, and again in July following the damning FTC report.

    MIL OSI USA News

  • MIL-OSI Russia: IMF Staff Completes SMP Discussion Mission to Zimbabwe

    Source: IMF – News in Russian

    February 13, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.

    Harare, Zimbabwe: Following the request for a Staff-Monitored Program (SMP) by the authorities in 2023, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a mission to Harare from January 30 to February 13, 2024, to advance discussions on the SMP.

    At the conclusion of the IMF mission, Mr. Maliszewski issued the following statement:

    “Zimbabwe’s economic activity has started recovering after the El Niño-induced drought. Growth slowed from 5.3 percent to an estimated 2 percent in 2024, as the drought lowered agricultural output by 15 percent. This was compounded by reduced electricity production and declining prices for key mineral exports (platinum and lithium). That said, strong remittances continued supporting activity in domestic trade, services, and construction, and improved the current account surplus to an estimated US$500 million (1.4 percent of GDP) in 2024. The ZiG willing-buyer willing-seller (WBWS) exchange rate was stable from the ZiG’s introduction in April 2024—with the ZiG month-on-month inflation averaging 2.3 percent—until September, when the currency weakened. Relative stability returned with the tightening of monetary policy since September, and the WBWS and parallel market exchange rates have stabilized, and the gap between these rates has narrowed. Meanwhile, fiscal pressures intensified—owing, in large part, to the transfer of the RBZ’s quasi-fiscal operations to the Treasury. Strong revenue collection helped limit the 2024 budget deficit to an estimated 1 percent of GDP, but fiscal pressures resulted in an accumulation of domestic expenditure arrears, leading to the government implementing emergency spending cuts. Going forward, growth in 2025 is projected to increase to 6 percent, with the recovery in agriculture output due to better climate conditions and the projected improvement in the terms-of-trade.

    “Against this background, the Zimbabwe authorities had requested an SMP to support their efforts to stabilize the economy and re-engage with the international community on the arrears clearance and debt resolution process. The main objective of the SMP would be to durably anchor macroeconomic stability, building on policy recommendations from the 2024 Article IV consultation.

    “Building on progress achieved during the mission on the ongoing SMP discussions, Fund staff will continue working closely with the authorities on defining the key parameters and modalities of the program. Discussions include (1) adjusting the fiscal position to avoid a recourse to monetary financing and new arrears and building foundations for a durable fiscal consolidation; (2) fiscal risks residing off-budget (including from the operations of the Mutapa Investment Fund); (3) the effectiveness of the monetary policy framework for the ZiG; and (4) reforms to strengthen economic governance.

    “International reengagement remains critical for debt resolution and arrears clearance, which would open the door for access to external financing. The authorities’ reengagement efforts, through the Structured Dialogue Platform (SDP), are key for attaining debt sustainability and gaining access to concessional financial support. In this context, the SMP will help in enhancing policy credibility and advancing the reform agenda embedded in the SDP.

    “The IMF continues to provide policy advice and extensive technical assistance in the areas of revenue mobilization, expenditure control, financial supervision, debt management, economic governance, as well as macroeconomic statistics. However, the IMF is currently precluded from providing financial support to Zimbabwe due to its unsustainable debt situation—based on the IMF’s Debt Sustainability Analysis (DSA)—and official external arrears. An IMF financial arrangement would require a clear path to comprehensive restructuring of Zimbabwe’s external debt, including the clearance of arrears and a reform plan that is consistent with durably restoring macroeconomic stability; enhancing inclusive growth; lowering poverty; and strengthening economic governance.

    “The IMF mission held meetings with the Minister of Finance, Economic Development and Investment Promotion Hon. Professor Mthuli Ncube, his Permanent Secretary Mr. George Guvamatanga; the Reserve Bank of Zimbabwe Governor Dr. John Mushayavanhu; the Chief Secretary to the President and Cabinet Dr. Martin Rushwaya, other senior government and RBZ officials, honorable members of Parliament, representatives of the private sector, civil society, and Zimbabwe’s development partners.

    “The IMF staff wishes to express its gratitude to the Zimbabwean authorities and stakeholders for the constructive and open discussions and support during the mission.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Kwabena Akuamoah-Boateng

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

    https://www.imf.org/en/News/Articles/2025/02/13/pr-2535-zimbabwe-imf-completes-smp-discussion-mission

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Russia: AI in Science: Research and Development

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Print version

    The Institute for Statistical Studies and Economics of Knowledge at the National Research University Higher School of Economics, based on statistical data and a specialized survey called “Making Science in Russia,” analyzes the prevalence of practices in scientific organizations and universities in the country that use AI solutions to carry out research and development.

    Reference: The “Doing Science in Russia” study is a continuation of the Doing Science project (the first two waves were conducted in 2017 and 2022). As part of the third wave (October-November 2024), representatives of 719 scientific organizations and universities (heads or their deputies for research activities) were asked to rate on a five-point scale the level of provision with AI systems for research and development.

    This issue of the series “Artificial Intelligence” was prepared within the framework of the project “Monitoring scientific support for measures to achieve technological leadership of the Russian Federation” of the thematic plan of research work provided for by the State assignment of the National Research University Higher School of Economics.

    Modern AI-based technologies are changing the usual way of life in all areas of activity, and science is no exception. SurveyA 2023 Nature study found that more than a quarter of scientists already using AI in their research expect the technology to become an essential tool for their field in the next 10 years, with another 47% believing it will be very useful. Related study Oxford University Press shows that we won’t have to wait that long: 75% of surveyed scientists publishing in leading journals have already used various AI tools in 2024, including machine translation services (49%), chatbots (43%) and search engines (25%). According to respondents, AI-based solutions are useful at all stages of the research cycle and for a wide range of tasks: 41% of respondents used them to search for literature, about 35% – for its generalization and/or editing of text (e.g., an article manuscript), 25% – for idea generation, data collection and/or its analysis.

    According to statistics, the implementation of AI solutions in the field of science in Russia is only gaining momentum. In 2023, about 5% of scientific organizations and about 10% of universities used AI for their purposes, but these figures do not fully reflect the real scale of the use of this technology by scientists, since they characterize only the practices of the organizations themselves, and not their employees.

    In the future, we should expect the expansion of AI implementation in the field of science and higher education: every second organization sees prospects for further use of relevant tools in their activities here. In addition, almost 25% of scientific organizations and 38% of universities that are already using AI believe that such technologies will radically change internal processes in science in the coming years; many of them consider intelligent decision support technologies to be the most promising for these tasks (33%).

    It is obvious that the possibility of realizing these expectations largely depends on the level of development of the necessary digital infrastructure. As shown by a survey of 719 scientific organizations and universities conducted by the HSE ISSEK as part of the Doing Science in Russia project (October-November 2024), access to AI systems for research and development is still difficult. The surveyed executives rated the availability of such foreign-developed systems (ChatGPT, Trinka, Mendeley, Scite, Google Jax, etc.) at 2.71 points out of a possible five, and domestic systems (GigaChat, GitVerse, YaLM, SOVA, RAZUM AI, GOLEM, NeuroMark, AI BAUM PLATFORM, NNWizard, etc.) even lower, at 2.60 points. The situation is somewhat better in universities than in other organizations (Fig. 1).

    Against the background of restrained assessments of the current situation, forecasts for the next three years look more optimistic: organizations of all types expect a significant increase in the use of AI systems for research and development. Of course, to ensure such dynamics, it is necessary to remove barriers that hinder the spread of AI in science. Among the most significant of them, universities and scientific organizations note: a shortage of financial resources, a shortage of qualified personnel, an insufficiently developed ICT infrastructure, a shortage/low quality of big data for the implementation of AI. Half of the universities and about 40% of scientific organizations point to the influence of these restraining factors.

    Overcoming barriers to the spread of AI in Russian science could be facilitated by a special program that would provide for the development of research standards using AI; grants for young scientists and research teams studying and using AI in their work (with priority given to those areas of science where such technologies are rarely used); support for the development of AI applications for scientific tasks; compensation for the costs of universities and research organizations for the purchase of big data for the purposes of training and development of generative models.

    This HSE ISSEK material may be reproduced (copied) or distributed in full only with prior consent from HSE (please contact Issek@mse.ru). It is permitted to use parts (fragments) of the material provided that the source and an active link to the HSE ISSEK website are indicated (Issek.hse.ru), as well as the authors of the material. Use of the material beyond the permitted methods and in violation of the specified conditions will result in a violation of copyright.

    Suggested citation:

    Streltsova E. A., Popov E. V., Gershman M. A. (2025) Artificial Intelligence in Science. Moscow – ISSEK HSE. Access mode: https://issek.hse.ru/news/1015931860.html.

    Previous issue series “Artificial Intelligence”:“Big Data for AI”

     

    See also:

    Express information from ISSEK HSE

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Security: Crime down in Finsbury Park as police work with local authorities and the community

    Source: United Kingdom London Metropolitan Police

    A coalition of local authorities, police and partner organisations have worked together for over a year to significantly reduce violent crime, robbery and burglary in the Finsbury Park area.

    Love Finsbury Park was launched on 6 December 2023 as a partnership between the Metropolitan Police, British Transport Police, three local authorities and other organisations determined to work together and make the area safer.

    In the project’s first year, violent crime, robbery and burglary have significantly reduced in the Finsbury Park area, including:
    Business Burglary – reduction of 27%
    Residential Burglary – reduction of 24%
    Personal Robbery – reduction of 21%
    Violent Crime with Injury – reduction of 14%

    During the year, officers from the Met and British Transport Police made over 600 arrests as the number of police patrols in the area was significantly increased.

    Police officers have seized a significant number of weapons, stolen phones and drugs, as well as locating individuals in the area who were wanted on warrant for previous offences.

    Inspector Ross Hickman, one of the senior officers policing Finsbury Park, explained: “A policing framework called ‘Clear, Hold, Build’ is being used to deliver positive outcomes as part of Love Finsbury Park. The ‘Clear’ phase involves targeted arrests and crime disruption through partnership working. Accordingly, much of the Met’s focus has been on identifying and arresting those involved in organised crime, the vast majority relating to the supply of drugs.

    “Since December 2023, a total of 17 search warrants were executed at addresses in the Finsbury Park area in intelligence-led operations targeting organised crime. Further operations are being planned as we continue to work at pace in the ‘Clear’ phase of this ‘Clear Hold Build’ framework.

    “I am looking forward to moving on with the project, and into the next phases. ‘Hold’ means stabilising the area to stop offenders moving in to fill the void. The ‘Build’ phase is focused on community-driven action to address the causes of criminality and prevent it from happening again.

    “Our work with partners, including the London Boroughs of Hackney, Haringey and Islington, will become increasingly crucial. Joint action – like our recent success in securing funding to improve lighting under the bridge on Stroud Green Road – is central to the success of Love Finsbury Park.”

    Caroline Woodley, Mayor of Hackney, said: “We’re already seeing positive results. Love Finsbury Park is building long-term improvements to community safety by driving out crime and tackling the issues that make residents feel unsafe.

    “Alongside the police interventions, we’ve been working with residents, local councillors, businesses and partners to understand and address these local concerns. During this first phase, we have increased our enforcement patrols and CCTV surveillance, and created campaigns calling out street-based harassment like catcalling. We’ll continue building on our progress as we move into the next phases focused on preventative actions.”

    Cllr Angelo Weekes, Executive Member for Community Safety at Islington Council said: “Islington has supported the police’s targeted operations and arrests as we take action to protect our residents and ensure their safety. We meet weekly with the police, sharing intelligence and CCTV footage and work together to engage with businesses, colleges and places of worship in Finsbury Park.

    “We commission a patrol service to detect, deter and disrupt anti-social behaviour in Finsbury Park station, Blackstock Road and certain estates. We know there is more work to be done and look forward to continuing to work together to make Finsbury Park safer and more welcoming for everyone.”

    Haringey Council’s Cabinet Member for Communities, Cllr Ajda Ovat, commented: “It’s fantastic to see the success that the ‘Clear, Hold, Build’ project is having in tackling serious and organised crime in the Finsbury Park area.

    “As the scheme progresses and moves from stage to stage, it remains fundamentally important that community groups, residents and stakeholders continue to engage with our police partners and council staff from Haringey, Hackney and Islington as part of a tri-borough approach.

    “That way, we can continue to create a far safer Finsbury Park for residents and visitors to experience and enjoy.”

    The first police operation tackling organised crime took place on the very first day of the project, in December 2023. 70 officers executed three search warrants on shops on Blackstock Road which were believed to be linked to criminal activity in which seven people were arrested.

    A recent co-ordinated police operation took place on 12 December 2024, and led to the recovery of 112,000 tablets of Pregabalin (a Class C drug), dozens of wraps of cocaine, £3,000 in cash and several Rolex watches. One man was arrested at an address in Sotheby Road and, acting quickly on evidence recovered there, a subsequent seven males were arrested nearby.

    Love Finsbury Park is a true partnership involving the community at every stage. Anyone with information about those involved in the supply of drugs, burglary or robbery in the Finsbury Park area is urged to speak with local officers, call police on 101, message @MetCC or share what you know anonymously with Crimestoppers.

    British Transport Police Chief Inspector Cheryl Ling, who oversees Finsbury Park, said: “I’m extremely pleased with what we’ve been able to achieve so far with the significant reduction in violent crime, but there is still plenty of work to do to keep those numbers down.

    “We will continue to work closely with the Metropolitan Police and our other policing and local partners to deter crime, and we are determined to make our communities and the railway network safer for everyone.”

    Inspector Hickman concluded: “My colleagues are focused on continuing to deliver results. I am pleased to see these much improved crime statistics, but I want to hear local people saying that they actually feel safer. That’s a real incentive for us to come to work every day to protect the public, deter or arrest those who want to profit from criminal activity and build on this successful first year.”

    MIL Security OSI

  • MIL-OSI Russia: The Vice-Rector of the State University of Management discussed the prospects for the development of the labor market at the Abalkinsky Readings forum

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    On February 11, 2025, the Congress Hall of the Free Economic Society of Russia hosted the scientific forum “Abalkin Readings” on the topic: “Prospects for the Development of the Labor Market in Russia”, in which the Vice-Rector of the State University of Management Dmitry Bryukhanov took part.

    According to the results of the first three quarters of 2024, the unemployment rate in the country was at a historically low level of 2.6% (1.9 million people). During a meeting of the Council on Science and Education, Russian President Vladimir Putin emphasized that “the acute and sensitive shortage of personnel for Russian enterprises requires non-standard solutions.” Finding these solutions became one of the goals of the “Abalkin Readings.”

    Opening the scientific forum, the President of the Russian Economic Society, Corresponding Member of the Russian Academy of Sciences Sergei Bodrunov emphasized that the labor shortage is one of the key internal risks for the development of the Russian economy.

    “Resolving the problem of personnel shortage will allow realizing the growth potential of the Russian economy. This problem is structural in nature; in some industries, the labor shortage is felt very acutely. Among its causes are not only factors related to negative demographic trends. The sectors of the economy that employ a large number of low-skilled specialists have been greatly affected by the mass outflow of migrants. The shortage of employees is aggravated, among other things, by the forced structural restructuring of the economy. One of the solutions to the problem of personnel shortage is to increase labor productivity. Accordingly, investments in high technologies are necessary,” noted Sergei Bodrunov.

    According to estimates by the Institute of Economic Forecasting of the Russian Academy of Sciences, annual growth in labor productivity could amount to 3.4% in the long term up to 2050.

    “Russia has enormous potential for growth in labor productivity. In such activities as finance and insurance, the average annual growth rate of labor productivity up to 2035 could be 6% per year,” believes Alexander Shirov, Director of the Institute of Economic Forecasting of the Russian Academy of Sciences, Corresponding Member of the Russian Academy of Sciences, and Member of the Presidium of the Russian VEO.

    There is a great need for workers and mid-level specialists in key sectors of the economy. According to experts, increasing the prestige of blue-collar jobs and developing secondary vocational education will help overcome the shortage of personnel in the short term.

    “According to statistics, two-thirds of school graduates receive higher education, and one-third – secondary specialized education. There is a shortage of personnel in blue-collar jobs. From the point of view of production and the labor market, this is the most important resource for reducing the labor shortage,” says Andrey Klepach, chief economist of the state development corporation VEB.RF and member of the Board of the VEO of Russia.

    Summing up the discussion, the head of the economics section of the Department of Social Sciences of the Russian Academy of Sciences, academician of the Russian Academy of Sciences Boris Porfiryev noted that the problem of labor shortage is complex, therefore a comprehensive, systemic approach is required from experts and politicians and their effective interaction so that the labor market is balanced and meets the needs of dynamic and sustainable development of the country’s economy in the long term.

    Subscribe to the TG channel “Our GUU” Date of publication: 02/13/2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Economics: The implications of a democracies-only trade pact

    Source: International Chamber of Commerce

    Headline: The implications of a democracies-only trade pact

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    MIL OSI Economics

  • MIL-OSI United Kingdom: House price report for the fourth quarter 202413 February 2025 ​The house price report for the fourth quarter 2024 has been published today by Statistics Jersey. The Jersey House Price Index measures the combined average price of 1- and 2-bedroom flats together with… Read more

    Source: Channel Islands – Jersey

    13 February 2025

    ​The house price report for the fourth quarter 2024 has been published today by Statistics Jersey.

    The Jersey House Price Index measures the combined average price of 1- and 2-bedroom flats together with 2-, 3- and 4-bedroom houses. The index includes properties transacted through the Royal Court as well as share transfer properties.

    Context

    2023 saw a significant proportion of transactions (39%) take place as the result of completions occurring in new developments. In contrast, 2024 saw a much lower proportion of transactions (9%) take place as the result of new developments. Adjusting for this, the level of turnover in 2024 would be 25% higher when compared to 2023 (rather than 16% lower), when excluding new builds in both years. 

    It is worth noting that phases one and two of the First Step scheme completed sales during Q3 2024 and Q4 2024 respectively. 33 HPI eligible properties (around 5% of annual turnover) were sold as part of the scheme and assisted with the sale of 9 further properties indirectly, because of chains started by First Step purchases. ​​

    Annual Summary

    In 2024: 

    • on a calendar year basis:
      • the Jersey House Price Index was 8% lower than in 2023, which was:
        • the largest annual decrease in price since at least 1986
      • all property types saw decreases in annual mean and median prices
      • advertised private sector rental prices were 1% lower than in 2023
      • turnover of properties was 16% lower compared with 2023, due to decreased sales of flats (down by 42%); 2024 saw the lowest annual turnover since at least 2002 
    • overall housing affordability improved on an annual basis:
      • all property types were more affordable to purchase than in 2023
      • a working household with mean net income was able to service a mortgage affordably on the purchase price of a median-priced 1-bedroom flat
      • a working household with mean net income was not able to service a mortgage affordably on the purchase price of a median-priced house of any size or a 2-bedroom flat
      • the ratio of median dwelling price to equivalised median household income in Jersey was lower compared to 2023 for all property types

    Quarterly Summary 

    In the fourth quarter of 2024:

    • on a rolling four-quarter basis, the mix-adjusted average price of dwellings sold in Jersey during the year ending Q4 2024 was 1% lower when compared with the previous quarter (year ending Q3 2024)
    • on a quarterly basis:
      • the seasonally adjusted mix-adjusted average price was 1% higher than in the previous quarter and 5% lower than in the corresponding quarter of 2023 (Q4 2023)
      • the HPI was 10% lower than the peak in prices seen in Q2 2022
      • 1- and 2-bedroom flats saw an increase in their mean price compared to the previous quarter
      • 2- and 4-bedroom houses saw a decrease in price compared with the previous quarter
      • 3-bedroom houses were essentially unchanged compared with the previous quarter
    • the turnover of properties was 7% higher than in Q4 2023 and 9% higher than in the previous quarter (Q3 2024) 
    • overall housing market activity, on a rolling four-quarter basis, was essentially unchanged compared with the previous quarter (Q3 2024) and 23% lower than in the corresponding quarter of 2023
    • on a rolling four-quarter basis, advertised private sector rental prices were essentially unchanged during the year ending Q4 2024 compared with the year ending Q3 2024​

    MIL OSI United Kingdom

  • MIL-OSI Russia: HSE University Discusses Academic Development Tools and Ways to Engage Young People in Science

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    © Higher School of Economics

    A round table was held on the topic of “Academic Development at the University Today and Tomorrow”. Its participants discussed the tools of academic development used in various subject areas and ways of involving young people in science, one of which is holding regular scientific seminars. The best practices of HSE departments were presented.

    Vice-Rector Alexander Balyshev noted in his opening remarks that the relevance of the roundtable topic is due to the current shortage of personnel both in the academy and in the economy as a whole, and one of its tasks is to rethink the relevance of the academic development tools that exist at HSE.

    The moderator of the round table, Deputy Vice-Rector, Head of the HSE, spoke about the challenges of academic development and the HSE’s responses to these challenges. Office of Academic Development Anastasia Stepanova. She emphasized that the concept of academic development has been relevant for the last 30-40 years and is associated with the changing role of the university in society. The main task of academic development is considered to be providing support to scientists to improve their competence and ensure confidence in their identity.

    According to Anastasia Stepanova, academic development at HSE supports the implementation of the university’s strategy, creates conditions for the growth of scientific schools and helps to respond to external challenges. In addition to its strategic importance, it has a positive effect on organizational efficiency, promotes personnel development and gives the university institutional advantages, enhancing its competitiveness.

    Among the most popular tools for academic development, the Deputy Vice-Rector noted seminars and consultations on academic writing, an academic development program for new teachers and researchers (Academic personnel reserve), mentoring, postdoc programs, as well as various adaptation and integration events for scientists. Based on regular internal monitoring data, it showed clearly expressed needs of scientists: about 40% of respondents are interested in new opportunities to exchange experience with colleagues from other universities, 34% – in expanding access to databases, 25% – in improving scientific communication. The youngest researchers naturally demonstrate a demand for data analysis and academic writing skills.

    Zoomers and Science

    The main topic of discussion in the first part of the round table was the challenges arising in connection with the arrival of the zoomer generation in science.

    The head of the department noted a significant gap between the classical approach to scientific work and the new habits of the younger generation of researchers. Scientific Laboratory of Spatial-Econometric Modeling of Socio-Economic Processes in Russia Olga Demidova. While building a scientific reputation traditionally requires deep immersion in the material and long, painstaking work, today’s young scientists are increasingly turning to artificial intelligence tools to speed up the research process. This poses an important challenge for the scientific community: how to combine modern ways of working with information with the depth of scientific research.

    Deputy Dean for Science Faculty of World Economy and World Politics Alexandra Morozkina suggested specific ways to do this, such as organizing discussions of articles at scientific seminars (and then students will have to read them from beginning to end), holding seminars without gadgets. She also spoke about a program for attracting scientific assistants to the faculty, within the framework of which a student helps a teacher in his scientific work for a small fee and sees the benefits of such work. All students who have gone through this program go on to teach and participate in various projects of the faculty.

    Supervisor Schools of Philological Sciences Evgeny Kazartsev recalled two large projects dedicated to speech practices and the sociology of literature, which were successfully implemented by the school. They included a significant digital component, and, in his opinion, without the participation of zoomers who know how to use digital tools, the projects would not have taken place.

    Dean Faculty of Geography and Geoinformation Technologies Nikolay Kurichev believes that earlier, when choosing scientific activity, young people clearly understood its differences from work in business or in the civil service, where the rules are stricter, but now, as science is becoming “managerialized,” the difference is becoming less obvious. But it should be there, and this is, first of all, interaction with a mentor, a scientific supervisor, as well as an environment – “seminars where crazy people who are burning with scientific ideas should gather.”

    Continuing the theme of differences between academia and business, Vice Dean for Research Faculty of Computer Science Alexey Mitsyuk reported that the IT industry today differs very little from the scientific environment. Large companies are increasingly engaged in computer science, and the conditions created in these companies today are no worse than in universities. There is freedom to choose tasks, opportunities for development, there is no need to work with students and engage in organizational activities. For universities, this is a problem, since competition with business research arises.

    Deputy Director Department of Data Analysis and Artificial Intelligence Vasily Gromov outlined the trends in the transformation of science and scientific activity. He noted that in the near future a scientific market will be formed in which the university will lose its monopoly status. At the same time, society will change its understanding of what a scientist does, and perhaps the concept of disciplinarity will disappear.

    First Vice-Rector Vadim Radaev emphasized that young people, starting with millennials, are increasingly abandoning a linear professional trajectory — they change professions and consider it indecent to sit in one place for more than three or four years. “Academic activity, as we are accustomed to seeing and building it, involves long-term investments and full immersion with a long-term building of a scientific reputation and unclear prospects. And young colleagues burn out before they have time to shed light on anything,” he explained.

    Vice-Rector Sergey Roshchin focused on the topic of goal-setting in academic development: “As a rule, we do not raise this issue, but only support it with some data, such as statistics on published articles. However, the goals of academic development are contextual in nature from the point of view of the society around us and should not be limited to publication activity alone.”

    As for the claims about the peculiarities of zoomers, both a hundred and two hundred years ago, representatives of the older generation claimed that the next generation was not like them. According to the vice-rector, the key question is what is the value of science so that the younger generation continues to study it within the walls of the university. “Science studies are not studies that interest you now, but studies based on the current agenda in society, in combination with what interests you,” he concluded.

    Scientific seminars: constancy, obligation, regularity

    The second part of the round table was devoted to involving young people in scientific discussion. Vadim Radaev, who made the key report on this topic, noted: “First of all, we need to have this discussion, especially since real discussions are extremely rare on the pages of journals.” A regular scientific seminar becomes a platform for it.

    In his report, the First Vice-Rector of the HSE emphasized that seminar activities are not an addition or an appendix, but part of the foundation, one of the main forms of work. “I believe that a scientific department without a regular seminar is an institutional fiction: individual scientists conduct research and publish results, but the integrity of the organization, the environment that should form scientists, remains more on paper,” he said.

    The speaker shared his experience in organizing scientific seminars Department of Economic Sociology And Laboratory of Economic and Sociological Research (LESI), which he heads. His departments have held scientific seminars weekly since 2002, and he does not consider this to be anything extraordinary. Even if not weekly, then a monthly seminar should be the norm for any scientific community. Anyone can organize a seminar, but it is difficult to do so on a regular basis. “Many great projects started and then, unfortunately, died out,” Vadim Radaev noted. In his opinion, a seminar should have a permanent core, be mandatory, be held regularly (at least once a month) and in person (a hybrid format is possible), have a fixed day, time and plan for at least two to three months, be announced in advance and not be postponed.

    Vadim Radaev believes that the topic of the seminar is not the main thing: the speakers are more important. He emphasized that only full texts of research should be discussed, and materials should be sent to participants at least a week in advance. It is advisable to invite discussants to the seminar, make uniform demands on all colleagues from students to professors, and gently and persistently observe the rules so that the seminar does not turn into, for example, a benefit performance for the speaker.

    According to Vadim Radaev, the value of a scientific seminar lies primarily in communication. This is a good way to create and maintain an environment, an opportunity to interest and retain young colleagues who, as noted in the first part of the round table, are today prone to a rapid loss of interest in science.

    Other HSE employees also spoke about their successful experience of participating in scientific seminars and organizing them.

    Dean Faculty of Computer Science Ivan Arzhantsev recalled that mathematics in the USSR, which flourished in the 1960s and 1970s, lived by scientific seminars. At the same time, work was organized differently in foreign universities. “Colleagues envied us that we had such a wonderful culture of scientific seminars,” said the dean of the Faculty of Computer Science. He himself participated in one of these seminars, and now the faculty holds a mathematical seminar every two weeks.

    Head of the Department of Mathematics Faculty of Economic Sciences Fuad Aleskerov spoke about two scientific seminars that he leads, one of which has been held for 60 years, including more than 20 years at the HSE. In his opinion, seminars should not be limited in time; it is quite acceptable if they last for four hours.

    Referring to his experience working in foreign universities, the dean Faculty of Social Sciences Denis Stukal reported that scientific seminars there can take place both in the form of formal discussions – traditional regular meetings of scientists, and in the form of informal discussions – for example, meetings and discussions of scientific ideas over lunch. In his opinion, organizing a seminar should be a common matter for all employees of the department, who are responsible for this periodically.

    Professor Elena Dragalina-Chernaya shared her experience of holding regular seminars in International Laboratory of Logic, Linguistics and Formal Philosophy. There are five of them in the laboratory: theoretical, analytical, reading seminar and two scientific and educational seminars. She believes it is important to support the initiatives of young researchers and give them their own space for discussions. The professor emphasized that long-term internships for young scientists are important for the development of international and interdisciplinary projects.

    Summing up the round table, Alexander Balyshev said that its participants demonstrated a demand for updating the goal-setting of academic development at the university. He also noted the need to communicate to target groups, especially young researchers, information about the opportunities opening up to them and stated that scientific seminars are still a relevant and mandatory component of the work of all scientific departments of the HSE.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI China: US stocks close mixed after hot inflation data

    Source: China State Council Information Office

    U.S. stocks ended mixed on Wednesday, as the unexpected rise in inflation led to speculation that the Federal Reserve may delay interest rate cuts to manage the economy’s overheating.

    The Dow Jones Industrial Average declined by 225.09 points, or 0.50 percent, ending at 44,368.56. The S&P 500 decreased by 16.53 points, or 0.27 percent, to close at 6,051.97. In contrast, the Nasdaq Composite Index edged up by 6.09 points, or 0.03 percent, finishing at 19,649.95.

    Within the S&P 500’s 11 primary sectors, nine closed in negative territory. Energy and real estate sectors led the declines, losing 2.69 percent and 0.91 percent, respectively. Conversely, consumer staples and communication services sectors posted gains, rising 0.23 percent and 0.04 percent, respectively.

    The U.S. Bureau of Labor Statistics reported Wednesday that the consumer price index (CPI), a comprehensive measure of the costs of goods and services across the U.S. economy, accelerated by 0.5 percent on a seasonally adjusted basis for the month, pushing the annual inflation rate to 3 percent. This outcome surpassed the estimates, which had predicted a 0.3 percent monthly increase and a 2.9 percent annual rate, with the annual rate rising by 0.1 percentage point compared to December.

    Excluding volatile food and energy prices, the CPI advanced by 0.4 percent for the month, resulting in a 12-month inflation rate of 3.3 percent — again beating the respective forecasts of 0.3 percent and 3.1 percent — and the annual core rate was up by 0.1 percentage point from December.

    “Shelter costs continue to be the main driver of core inflation as higher mortgage rates push more Americans into a rental market in which vacancy rates are near record lows,” said Erik Norland, chief economist at CME Group. “Traders appear to believe that today’s data make additional Fed cuts less likely than they had expected previously.”

    “The ‘wait and see’ Fed is going to be waiting longer than anticipated after a red-hot January CPI inflation report,” wrote Josh Jamner, investment strategy analyst at ClearBridge Investments. “This report puts the final nail in the coffin for the rate cut cycle, which we believe is over.”

    Market expectations have shifted, with traders now pricing the next rate cut to occur no earlier than September, even as Fed Chair Jerome Powell cautioned against reading too much into the latest CPI report. “We don’t get excited about one or two good readings and we don’t get excited about one or two bad readings,” Powell said in testimony before the House Financial Services Committee.

    Powell reiterated Wednesday that while the Fed has made “great progress” in bringing inflation closer to its 2 percent target, it is “not quite there yet.” He emphasized the need to keep monetary policy restrictive for now.

    Meanwhile, a new round of earnings has provided insight into the resilience of Corporate America. Kraft Heinz shares slipped after the company’s 2025 profit outlook fell short of expectations, whereas CVS Health enjoyed a boost as its quarterly profit drop was smaller than anticipated.

    In after-hours trading, Reddit’s upcoming results are drawing significant attention amid lofty Wall Street expectations, and Robinhood’s report is also in the spotlight following a three-year high in its stock price.

    MIL OSI China News

  • MIL-OSI: Precision Drilling Announces 2024 Fourth Quarter and Year End Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 12, 2025 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, gain on acquisition, loss on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, loss on asset decommissioning, gain on asset disposals and depreciation and amortization), Funds Provided by (Used in) Operations, Net Capital Spending, Working Capital and Total Long-term Financial Liabilities. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used by other companies. See “Financial Measures and Ratios” later in this news release.

    Financial Highlights and 2025 Capital Allocation Plans

    • Revenue in the fourth quarter was $468 million, an 8% decrease from 2023 as activity increases in Canadian drilling, well servicing, and international were more than offset by lower activity and day rates in the U.S.
    • Adjusted EBITDA(1) was $121 million in the quarter and included $15 million of share-based compensation charges, $4 million for rig reactivation costs and $4 million of non-recurring charges. In 2023, fourth quarter Adjusted EBITDA was $151 million and included share-based compensation charges of $13 million.
    • Net earnings attributable to shareholders was $15 million or $1.06 per share in the fourth quarter compared to $147 million or $10.42 per share as net earnings in 2023 included an income tax recovery of $69 million and a gain on acquisition of $26 million.
    • In 2024, we invested $217 million into our fleet and infrastructure, including multiple contracted rig upgrades and the strategic purchase of drill pipe for use in 2025. We expect to invest $225 million into our fleet and infrastructure in 2025, which may fluctuate with activity levels and customer contract upgrade opportunities.
    • For the year ended December 31, 2024, we achieved our annual debt reduction and return of shareholder capital targets, reducing debt by $176 million and repurchasing $75 million of common shares while building cash by $20 million. Precision has consistently met or exceeded its capital allocation goals since implementation in 2016.
    • For 2025, we expect to reduce debt by at least $100 million in 2025 and have increased our long-term debt reduction target to $700 million and extended our debt reduction period to 2027. In 2025, we plan to increase direct shareholder returns to 35% to 45% of free cash flow, before debt repayments. To the extent excess cash is generated these allocations may be increased.

    Operational Highlights

    • Demand for our services continues to be strong and in 2024 our Canadian and international drilling rig utilization days increased 12% and 37%, respectively, while our well servicing rig operating hours increased 26% over 2023.
    • In the fourth quarter, Canada’s activity averaged 65 active drilling rigs versus 64 in the same quarter last year. Our Super Triple and Super Single rigs remain in high demand and are nearly fully utilized. Canadian revenue per utilization day was $35,675, up from $34,616 in the fourth quarter of 2023.
    • Our U.S. activity has remained relatively consistent since mid-2024. We averaged 34 drilling rigs in the fourth quarter with revenue per utilization day of US$30,991 versus 45 drilling rigs at US$34,452 in 2023’s fourth quarter.
    • International activity increased 6% over the same period last year while revenue per utilization day was US$49,636 compared to US$49,872 in the fourth quarter of 2023.
    • Service rig operating hours in the fourth quarter totaled 59,834, representing a 6% increase over the same quarter last year partially driven by the CWC Energy Services Corp. (CWC) acquisition in November of 2023.

    (1) See “FINANCIAL MEASURES AND RATIOS.”

    MANAGEMENT COMMENTARY

    “Through 2024 Precision demonstrated remarkable market resilience despite weaker than expected U.S. customer demand and late year customer budget exhaustion in Canada. We continued our long-term record of meeting or exceeding our capital allocation targets every year since 2016 with $176 million of debt reduction, $75 million of share buybacks, while increasing our cash balance by $20 million. In the fourth quarter, approximately $8 million of reactivation costs and non-recurring items impacted our financial results, along with slightly lower than expected Canadian customer demand. Despite these fourth quarter headwinds we continued investing in our core business lines, including purchasing approximately $18 million of drill pipe in advance of potential tariffs, investing $3 million to begin reactivating two idle Canadian Super Single rigs to meet demand in 2025, and upgrading one rig for Canadian heavy oil pad drilling opportunities.

    “The outlook for Canada remains very strong given robust heavy oil activity following the startup of the Trans Mountain pipeline expansion in May 2024 and the imminent startup of LNG Canada in mid-2025. My enthusiasm is further underpinned by the pace of rig reactivations following the seasonal Christmas break and the stable winter activity we have experienced to date with 81 rigs working since mid-January. The uncertainty introduced by potential U.S. tariffs on Canadian oil and gas exports, has been tempered and we have not experienced any change in customer demand or their longer-term capital spending plans.

    “In Canada, our drilling utilization days increased 12% over 2023 and our Super Triple and Super Single rigs, which represent approximately 80% of our Canadian fleet, are nearly fully utilized. Demand for our Super Triple fleet, which is the preferred rig for Montney drilling, is driven by robust condensate fundamentals and the startup of LNG Canada this year. Demand for our Super Single fleet is driven by increased activity in heavy oil targeted areas as customers are benefiting from improved commodity pricing, following the startup of Trans Mountain, and a softening Canadian dollar.

    “Internationally, our drilling utilization days increased 37% in 2024 following the recertification and reactivation of four rigs in 2023. In 2024, we had eight rigs working on term contracts, five in Kuwait and three in the Kingdom of Saudi Arabia. The majority of these rigs are under five-year term contracts that extend into 2027 and 2028, providing predictable cash flow for the next few years.

    “In our Completion and Production Services business, our well servicing operating hours increased 26% over 2023 levels following the successful integration of CWC, where we achieved significant operating synergies. Our Completion and Production Services Adjusted EBITDA increased 30% year over year, which was slightly below our expectation due to late year customer budget exhaustion impacting our activity and rental business. I am very pleased with how we have transformed our Completion and Production Services business with two strategic tuck-in acquisitions. The High Arctic and CWC acquisitions more than doubled our Completion and Production revenue and Adjusted EBITDA since 2021 and solidified Precision as the premier well service provider in Canada.

    “During the year, Precision generated $482 million of cash provided by operations, allowing us to meet our capital return targets and invest $217 million into our fleet and infrastructure, which included multiple drilling rig upgrades and the strategic purchase of drill pipe for use in 2025. We expect to invest approximately $225 million in 2025, which reflects a weaker Canadian dollar and includes expected customer funded upgrades across our North American operations, including approximately $30 million in US fleet upgrades for customers targeting extended reach laterals.

    “With sustained free cash flow as a key differentiator of our business, we remain focused on reducing debt and increasing direct returns to shareholders. In 2025, we expect to reduce debt by at least $100 million, reinforcing our commitment to achieving a sustained Net Debt to Adjusted EBITDA ratio(1) of below 1.0 times. As we continue to realize the benefits of lower debt levels, we have increased our long-term debt reduction target by $100 million to $700 million and extended the debt reduction period by one year to 2027. In 2025, our goal is to increase our direct capital returns to shareholders by allocating 35% to 45% of free cash flow, before debt repayments, while continuing to move towards 50% of free cash flow thereafter, with excess cash potentially used to increase these allocations.

    “I would like to thank our employees for their dedication and commitment to serving our customers, and our shareholders for their continued support. With positive long-term fundamentals associated with global oil and natural gas demand and particularly the unique fundamentals driving drilling activity in our core geographic markets, I am confident we will continue to drive shareholder value,” concluded Mr. Neveu.

    (1) See “FINANCIAL MEASURES AND RATIOS.”

    SELECT FINANCIAL AND OPERATING INFORMATION
    Financial Highlights

      For the three months ended
    December 31,
        For the year ended
    December 31,
     
    (Stated in thousands of Canadian dollars, except per share amounts)   2024       2023     % Change       2024       2023     % Change  
    Revenue   468,171       506,871       (7.6 )     1,902,328       1,937,854       (1.8 )
    Adjusted EBITDA(1)   120,526       151,231       (20.3 )     521,221       611,118       (14.7 )
    Net earnings   14,930       146,722       (89.8 )     111,330       289,244       (61.5 )
    Net earnings attributable to shareholders   14,795       146,722       (89.9 )     111,195       289,244       (61.6 )
    Cash provided by operations   162,791       170,255       (4.4 )     482,083       500,571       (3.7 )
    Funds provided by operations(1)   120,535       145,189       (17.0 )     463,372       533,409       (13.1 )
                                       
    Cash used in investing activities   61,954       57,627       7.5       202,986       214,784       (5.5 )
    Capital spending by spend category(1)                                  
    Expansion and upgrade   21,565       24,459       (11.8 )     52,066       63,898       (18.5 )
    Maintenance and infrastructure   37,335       54,388       (31.4 )     164,632       162,851       1.1  
    Proceeds on sale   (8,570 )     (3,117 )     174.9       (30,395 )     (23,841 )     27.5  
    Net capital spending(1)   50,330       75,730       (33.5 )     186,303       202,908       (8.2 )
                                       
    Net earnings attributable to shareholders per share:                                  
    Basic   1.06       10.42       (89.8 )     7.81       21.03       (62.8 )
    Diluted   1.06       9.81       (89.2 )     7.81       19.53       (60.0 )
    Weighted average shares outstanding:                                  
    Basic   13,982       14,084       (0.7 )     14,229       13,754       3.5  
    Diluted   13,987       15,509       (9.8 )     14,234       15,287       (6.9 )

    (1) See “FINANCIAL MEASURES AND RATIOS.”
    Operating Highlights

      For the three months ended
    December 31,
        For the year ended
    December 31,
     
      2024     2023     % Change     2024     2023     % Change  
    Contract drilling rig fleet   214       214             214       214        
    Drilling rig utilization days:                                  
    U.S.   3,084       4,138       (25.5 )     12,969       17,961       (27.8 )
    Canada   6,018       5,909       1.8       23,685       21,156       12.0  
    International   736       693       6.2       2,928       2,132       37.3  
    Revenue per utilization day:                                  
    U.S. (US$)   30,991       34,452       (10.0 )     32,531       35,040       (7.2 )
    Canada (Cdn$)   35,675       34,616       3.1       34,797       33,151       5.0  
    International (US$)   49,636       49,872       (0.5 )     51,227       50,840       0.8  
    Operating costs per utilization day:                                  
    U.S. (US$)   21,698       21,039       3.1       22,009       20,401       7.9  
    Canada (Cdn$)   21,116       19,191       10.0       20,424       19,225       6.2  
                                       
    Service rig fleet   170       183       (7.1 )     170       183       (7.1 )
    Service rig operating hours   59,834       56,683       5.6       254,224       201,627       26.1  

    Drilling Activity

      Average for the quarter ended 2023   Average for the quarter ended 2024  
      Mar. 31     June 30     Sept. 30     Dec. 31     Mar. 31     June 30     Sept. 30     Dec. 31  
    Average Precision active rig count(1):                                              
    U.S.   60       51       41       45       38       36       35       34  
    Canada   69       42       57       64       73       49       72       65  
    International   5       5       6       8       8       8       8       8  
    Total   134       98       104       117       119       93       115       107  

    (1) Average number of drilling rigs working or moving. 

    Financial Position

    (Stated in thousands of Canadian dollars, except ratios) December 31, 2024     December 31, 2023(2)  
    Working capital(1)   162,592       136,872  
    Cash   73,771       54,182  
    Long-term debt   812,469       914,830  
    Total long-term financial liabilities(1)   888,173       995,849  
    Total assets   2,956,315       3,019,035  
    Long-term debt to long-term debt plus equity ratio (1)   0.33       0.37  

    (1) See “FINANCIAL MEASURES AND RATIOS.”
    (2) Comparative period figures were restated due to a change in accounting policy. See “CHANGE IN ACCOUNTING POLICY.”

    Summary for the three months ended December 31, 2024:

    • Revenue decreased to $468 million compared with $507 million in the fourth quarter of 2023 as a result of lower U.S. activity and day rates, partially offset by higher Canadian and international activity.
    • Adjusted EBITDA was $121 million in the quarter and included $15 million of share-based compensation charges, $4 million for rig reactivation costs and $4 million of non-recurring charges. In 2023, fourth quarter Adjusted EBITDA was $151 million and included share-based compensation of $13 million. Please refer to “Other Items” later in this news release for additional information on share-based compensation charges.
    • Adjusted EBITDA as a percentage of revenue was 26% as compared with 30% in 2023.
    • Net earnings attributable to shareholders was $15 million compared to $147 million in the same quarter last year as net earnings in 2023 included an income tax recovery of $69 million and a gain on acquisition of $26 million.
    • Generated cash provided by operations of $163 million, reduced debt by $25 million through the partial redemption of our 2026 unsecured senior notes and repayment of our U.S. Real Estate Credit Facility, repurchased $25 million of common shares under our Normal Course Issuer Bid (NCIB), and ended the quarter with $74 million of cash and more than $575 million of available liquidity.
    • U.S. revenue per utilization day, excluding the impact of idle but contracted rigs was US$30,813 compared with US$32,819 in 2023, a decrease of 6%. Sequentially, revenue per utilization day, excluding idle but contracted rigs, was down 6% compared with the third quarter of 2024. Fourth quarter U.S. revenue per utilization day was US$30,991 compared with US$34,452 in 2023. The decrease was primarily the result of lower fleet average day rates, idle but contracted rig revenue and recoverable costs. We recognized US$1 million of revenue from idle but contracted rigs in the quarter as compared with US$7 million in 2023.
    • U.S. operating costs per utilization day increased to US$21,698 compared with US$21,039 in 2023. The increase was mainly due to higher rig operating costs and fixed costs spread over lower activity, offset by lower recoverable costs and repairs and maintenance. Sequentially, operating costs per utilization day were down 2% due to lower recoverable costs.
    • Canadian revenue per utilization day was $35,675, an increase from the $34,616 realized in 2023 due to higher average day rates and recoverable costs. Sequentially, revenue per utilization day increased $3,350 due to higher boiler revenue and higher fleet-wide average day rates.
    • Canadian operating costs per utilization day increased to $21,116, compared with $19,191 in 2023, resulting from higher repairs and maintenance, rig reactivation costs and impact of labour rate increases. Sequentially, daily operating costs increased $1,668 and were the result of higher labour expenses due to rate increases, recoverable expenses and repairs and maintenance.
    • Internationally, fourth quarter revenue increased 6% from 2023 as we realized revenue of US$37 million versus US$35 million in the prior year. Our higher revenue was primarily the result of a 6% increase in activity, which was negatively impacted by a planned rig recertification accounting for 21 non-billable utilization days in October. International revenue per utilization day was US$49,636 compared with US$49,872 in 2023.
    • Completion and Production Services revenue was $69 million, an increase of $6 million from 2023, as our fourth quarter service rig operating hours increased 6%, reflecting the successful integration of the CWC acquisition in November 2023.
    • General and administrative expenses were $35 million as compared with $39 million in 2023 primarily due to lower non-recurring costs associated with our CWC acquisition in 2023, partially offset by higher share-based compensation charges.
    • Net finance charges were $16 million, a decrease of $3 million compared with 2023 as a result of lower interest expense on our outstanding debt balance.
    • Capital expenditures were $59 million compared with $79 million in 2023 and by spend category included $22 million for expansion and upgrades and $37 million for the maintenance of existing assets, infrastructure, and intangible assets.
    • Income tax expense for the quarter was $6 million as compared with a recovery of $69 million in 2023. During the fourth quarter, we continue to not recognize deferred tax assets on certain international operating losses.

    Summary for the year ended December 31, 2024:

    • Revenue for the year was $1,902 million, comparable with 2023.
    • Adjusted EBITDA was $521 million as compared with $611 million in 2023. Our lower Adjusted EBITDA was primarily attributed to decreased U.S. drilling results and $13 million of higher share-based compensation, partially offset by the strengthening of Canadian and international results.
    • Net earnings attributable to shareholders was $111 million compared to $289 million in the prior year. Our lower current year net earnings was due to the impact of decreased U.S. drilling results, higher income tax expense of $67 million and the gain on acquisition of $26 million recognized in 2023.
    • Cash provided by operations was $482 million as compared with $501 million in 2023. Funds provided by operations were $463 million, a decrease of $70 million from the comparative period.
    • General and administrative costs were $132 million, an increase of $10 million from 2023 primarily due to higher share-based compensation charges.
    • Net finance charges were $70 million, $14 million lower than 2023 due to our lower interest expense on our outstanding debt balance.
    • Capital expenditures were $217 million in 2024, a decrease of $10 million from 2023. Capital spending by spend category included $52 million for expansion and upgrades and $165 million for the maintenance of existing assets, infrastructure, and intangible assets.
    • Reduced debt by $176 million from the partial redemption of our 2026 unsecured senior notes and repayment of our Canadian and U.S. Real Estate Credit Facilities.
    • Repurchased $75 million of common shares under our NCIB.

    STRATEGY

    Precision’s vision is to be globally recognized as the High Performance, High Value provider of land drilling services. We work toward this vision by defining and measuring our results against strategic priorities that we establish at the beginning of every year.

    Below we summarize the results of our 2024 strategic priorities:

    1. Concentrate organizational efforts on leveraging our scale and generating free cash flow.
      • Generated cash provided from operations of $482 million, allowing us to meet our debt reduction and share repurchase goals and build our cash balance by $20 million.
      • Increased utilization of our Super Single and tele double rigs, driving Canadian drilling activity up 12% over 2023.
      • Successfully integrated our 2023 CWC acquisition, increasing Completion and Production Services operating hours and Adjusted EBITDA 26% and 30%, respectively, year over year. Achieved our $20 million annual synergies target from the acquisition.
      • Internationally, increased our activity 37% year over year and realized US$150 million of contract drilling revenue compared to US$108 million in 2023.
    2. Reduce debt by between $150 million and $200 million and allocate 25% to 35% of free cash flow before debt repayments for share repurchases.
      • Reduced debt by $176 million and ended the year with a Net Debt to Adjusted EBITDA ratio of approximately 1.4 times. On track to achieve a sustained Net Debt to Adjusted EBITDA ratio of below 1.0 times.
      • Returned $75 million to shareholders through share repurchases, achieving the midpoint of our target range.
      • Renewed our NCIB in September, allowing repurchases of up to 10% of the public float.
    3. Continue to deliver operational excellence in drilling and service rig operations to strengthen our competitive position and extend market penetration of our AlphaTMand EverGreenTMproducts.
      • Increased our Canadian drilling rig utilization days and well service rig operating hours year over year, maintaining our position as the leading provider of high-quality and reliable services in Canada.
      • Invested $52 million in expansion and upgrade capital to enhance our drilling rigs.
      • Nearly doubled our EverGreenTM revenue year over year.
      • Continued to expand our EverGreenTM product offering on our Super Single rigs with LED mast lighting and hydrogen injection systems.

    2025 Strategic Priorities

    1. Maximize free cash flow through disciplined capital deployment and strict cost management.
    2. Enhance shareholder returns through debt reduction and share repurchases.
      1. Reduce debt by at least $100 million in 2025 and debt by $700 million between 2022 and 2027, while remaining committed to achieving a sustained Net Debt to Adjusted EBITDA ratio of below 1.0 times.
      2. Allocate 35% to 45% of free cash flow, before debt repayments, directly to shareholders and continue moving direct shareholder capital returns toward 50% of free cash flow thereafter.
      3. Grow revenue in existing service lines through contracted upgrades, optimized pricing and utilization, and opportunistic consolidating tuck-in acquisitions.
      4. OUTLOOK

        The long-term outlook for global energy demand remains positive with rising demand for all types of energy including oil and natural gas driven by economic growth, increasing demand from third-world regions, and emerging energy sources of power demand. Oil prices are constructive as OPEC+ continues to honour its production quotas, producers remain committed to returning capital to shareholders versus increasing production, and geopolitical issues continue to threaten supply. In Canada, the Trans Mountain pipeline expansion, which became operational in May of 2024, combined with the imminent startup of LNG Canada are projected to provide significant tidewater access for Canadian crude oil and natural gas, supporting additional Canadian drilling activity. In the U.S., the next wave of Liquefied Natural Gas (LNG) export terminals is expected to add approximately 11 bcf/d of export capacity from 2025 to 2028, supporting additional U.S. natural gas drilling activity. Coal retirements and a build-out of artificial intelligence data centers could provide further support for natural gas drilling.

        Our Canadian drilling activity continues to be robust in 2025 and we currently have 81 rigs operating and expect this activity level to continue until spring breakup. Our Super Single fleet is near full utilization as heavy oil customers are benefiting from improved commodity pricing and a weak Canadian dollar. Our Super Triple fleet, the preferred rig for Montney drilling, is also nearly fully utilized, and with the expected startup of LNG Canada in mid-2025, rig demand could exceed supply. Overall, we expect our Canadian drilling activity to be up year over year with near full utilization of our Super Series rigs, which should support day rates and increase demand for term contracts as customers secure rigs to ensure fulfillment of their development programs. The uncertainty introduced by potential U.S. tariffs on Canadian oil and gas exports, has been tempered and we have not experienced any change in customer demand or their longer-term plans.

        In the U.S., we currently have 34 rigs earning revenue, which has been relatively consistent since mid-2024. Drilling activity growth remains constrained as producers continue to focus on shareholder returns rather than growth, while volatile commodity prices, customer consolidation, and drilling and completion efficiencies have restricted activity growth. If commodity prices remain stable and around today’s level, we expect drilling demand to begin to improve in the second half and gain momentum through the remainder of 2025 as new LNG export capacity is added and customers seek to maintain or possibly increase production levels.

        Internationally, we have eight rigs working on term contracts, five in Kuwait and three in the Kingdom of Saudi Arabia. The majority of these rigs are under five-year term contracts that extend into 2027 and 2028, providing predictable cash flow for the next few years. We continue to bid our remaining idle rigs within the region and remain optimistic in our ability to secure rig reactivations.

        As the premier well service provider in Canada, the outlook for this business remains positive. We expect the Trans Mountain pipeline expansion and LNG Canada to drive more service-related activity, while increased regulatory spending requirements are expected to result in more abandonment work. Customer demand should remain strong, and with continued labour constraints, we expect firm pricing into the foreseeable future.

        Contracts

        The following chart outlines the average number of drilling rigs under term contract by quarter as at February 12, 2025. For those quarters ending after December 31, 2024, this chart represents the minimum number of term contracts from which we will earn revenue. We expect the actual number of contracted rigs to vary in future periods as we sign additional term contracts.

        As at February 12, 2025   Average for the quarter ended 2024     Average     Average for the quarter ended 2025     Average  
            Mar. 31     June 30     Sept. 30     Dec. 31     2024     Mar. 31     June 30     Sept. 30     Dec. 31     2025  
        Average rigs under term contract:                                                            
        U.S.     20       17       17       16       18       15       13       8       6       11  
        Canada     24       22       23       23       23       20       19       18       14       18  
        International     8       8       8       8       8       8       8       7       7       8  
        Total     52       47       48       47       49       43       40       33       27       37  


        SEGMENTED FINANCIAL RESULTS

        Precision’s operations are reported in two segments: Contract Drilling Services, which includes our drilling rig, oilfield supply and manufacturing divisions; and Completion and Production Services, which includes our service rig, rental and camp and catering divisions.

          For the three months ended December 31,     For the year ended December 31,  
        (Stated in thousands of Canadian dollars)   2024     2023     % Change       2024     2023     % Change  
        Revenue:                                  
        Contract Drilling Services   402,610       446,503       (9.8 )     1,617,735       1,704,265       (5.1 )
        Completion and Production Services   68,830       62,459       10.2       294,817       240,716       22.5  
        Inter-segment eliminations   (3,269 )     (2,091 )     56.3       (10,224 )     (7,127 )     43.5  
            468,171       506,871       (7.6 )     1,902,328       1,937,854       (1.8 )
        Adjusted EBITDA:(1)                                  
        Contract Drilling Services   125,683       162,459       (22.6 )     532,345       630,761       (15.6 )
        Completion and Production Services   15,895       12,193       30.4       66,681       51,224       30.2  
        Corporate and Other   (21,052 )     (23,421 )     (10.1 )     (77,805 )     (70,867 )     9.8  
            120,526       151,231       (20.3 )     521,221       611,118       (14.7 )

        (1) See “FINANCIAL MEASURES AND RATIOS.”

        SEGMENT REVIEW OF CONTRACT DRILLING SERVICES

          For the three months ended
        December 31,
            For the year ended
        December 31,
         
        (Stated in thousands of Canadian dollars, except where noted)   2024       2023     % Change       2024       2023     % Change  
        Revenue   402,610       446,503       (9.8 )     1,617,735       1,704,265       (5.1 )
        Expenses:                                  
        Operating   264,858       270,303       (2.0 )     1,041,068       1,030,053       1.1  
        General and administrative   12,069       13,741       (12.2 )     44,322       43,451       2.0  
        Adjusted EBITDA(1)   125,683       162,459       (22.6 )     532,345       630,761       (15.6 )
        Adjusted EBITDA as a percentage of revenue(1)   31.2 %     36.4 %           32.9 %     37.0 %      

        (1) See “FINANCIAL MEASURES AND RATIOS.”

        United States onshore drilling statistics:(1) 2024     2023  
          Precision     Industry(2)     Precision     Industry(2)  
        Average number of active land rigs for quarters ended:                      
        March 31   38       602       60       744  
        June 30   36       583       51       700  
        September 30   35       565       41       631  
        December 31   34       569       45       603  
        Year to date average   36       580       49       670  

        (1) United States lower 48 operations only.
        (2) Baker Hughes rig counts.

        Canadian onshore drilling statistics:(1) 2024     2023  
          Precision     Industry(2)     Precision     Industry(2)  
        Average number of active land rigs for quarters ended:                      
        March 31   73       208       69       221  
        June 30   49       134       42       117  
        September 30   72       207       57       188  
        December 31   65       194       64       181  
        Year to date average   65       186       58       177  

        (1) Canadian operations only.
        (2) Baker Hughes rig counts.

        SEGMENT REVIEW OF COMPLETION AND PRODUCTION SERVICES

          For the three months ended
        December 31,
            For the year ended
        December 31,
         
        (Stated in thousands of Canadian dollars, except where noted)   2024       2023     % Change       2024       2023      % Change  
        Revenue   68,830       62,459       10.2       294,817       240,716       22.5  
        Expenses:                                  
        Operating   50,714       48,297       5.0       217,842       181,622       19.9  
        General and administrative   2,221       1,969       12.8       10,294       7,870       30.8  
        Adjusted EBITDA(1)   15,895       12,193       30.4       66,681       51,224       30.2  
        Adjusted EBITDA as a percentage of revenue(1)   23.1 %     19.5 %           22.6 %     21.3 %      
        Well servicing statistics:                                  
        Number of service rigs (end of period)   170       183       (7.1 )     170       183       (7.1 )
        Service rig operating hours   59,834       56,683       5.6       254,224       201,627       26.1  
        Service rig operating hour utilization   38 %     38 %           42 %     42 %      

        (1) See “FINANCIAL MEASURES AND RATIOS.”

        OTHER ITEMS

        Share-based Incentive Compensation Plans

        We have several cash and equity-settled share-based incentive plans for non-management directors, officers, and other eligible employees. Our accounting policies for each share-based incentive plan can be found in our 2023 Annual Report.

        A summary of expense amounts under these plans during the reporting periods are as follows:

          For the three months ended
        December 31,
            For the year ended
        December 31,
         
        (Stated in thousands of Canadian dollars) 2024     2023     2024     2023  
        Cash settled share-based incentive plans   14,018       11,972       42,828       32,063  
        Equity settled share-based incentive plans   1,071       697       4,588       2,531  
        Total share-based incentive compensation plan expense   15,089       12,669       47,416       34,594  
                               
        Allocated:                      
        Operating   3,709       2,765       11,868       9,497  
        General and Administrative   11,380       9,904       35,548       25,097  
            15,089       12,669       47,416       34,594  


        FINANCIAL MEASURES AND RATIOS

        Non-GAAP Financial Measures
        We reference certain Non-Generally Accepted Accounting Principles (Non-GAAP) measures that are not defined terms under IFRS to assess performance because we believe they provide useful supplemental information to investors.
        Adjusted EBITDA We believe Adjusted EBITDA (earnings before income taxes, gain on acquisition, loss on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, loss on asset decommissioning, gain on asset disposals and depreciation and amortization), as reported in our Condensed Interim Consolidated Statements of Net Earnings and our reportable operating segment disclosures, is a useful measure because it gives an indication of the results from our principal business activities prior to consideration of how our activities are financed and the impact of foreign exchange, taxation and depreciation and amortization charges.

        The most directly comparable financial measure is net earnings.

          For the three months ended
        December 31,
            For the year ended
        December 31,
         
        (Stated in thousands of Canadian dollars)   2024       2023       2024       2023  
        Adjusted EBITDA by segment:                      
        Contract Drilling Services   125,683       162,459       532,345       630,761  
        Completion and Production Services   15,895       12,193       66,681       51,224  
        Corporate and Other   (21,052 )     (23,421 )     (77,805 )     (70,867 )
        Adjusted EBITDA   120,526       151,231       521,221       611,118  
        Depreciation and amortization   82,210       78,734       309,314       297,557  
        Gain on asset disposals   (1,913 )     (8,883 )     (16,148 )     (24,469 )
        Loss on asset decommissioning         9,592             9,592  
        Foreign exchange   1,487       (773 )     2,259       (1,667 )
        Finance charges   16,281       19,468       69,753       83,414  
        Gain on repurchase of unsecured notes                     (137 )
        Loss on investments and other assets   1,814       735       1,484       6,810  
        Gain on acquisition         (25,761 )           (25,761 )
        Incomes taxes   5,717       (68,603 )     43,229       (23,465 )
        Net earnings   14,930       146,722       111,330       289,244  
        Non-controlling interests   135             135        
        Net earnings attributable to shareholders   14,795       146,722       111,195       289,244  
               
        Funds Provided by (Used in) Operations     We believe funds provided by (used in) operations, as reported in our Condensed Interim Consolidated Statements of Cash Flows, is a useful measure because it provides an indication of the funds our principal business activities generate prior to consideration of working capital changes, which is primarily made up of highly liquid balances.

        The most directly comparable financial measure is cash provided by (used in) operations.

               
        Net Capital Spending     We believe net capital spending is a useful measure as it provides an indication of our primary investment activities.

        The most directly comparable financial measure is cash provided by (used in) investing activities.

        Net capital spending is calculated as follows:

            For the three months ended
        December 31,
            For the year ended
        December 31,
         
        (Stated in thousands of Canadian dollars)     2024       2023       2024       2023  
        Capital spending by spend category                        
        Expansion and upgrade     21,565       24,459       52,066       63,898  
        Maintenance, infrastructure and intangibles     37,335       54,388       164,632       162,851  
              58,900       78,847       216,698       226,749  
        Proceeds on sale of property, plant and equipment     (8,570 )     (3,117 )     (30,395 )     (23,841 )
        Net capital spending     50,330       75,730       186,303       202,908  
        Business acquisitions           646             28,646  
        Proceeds from sale of investments and other assets                 (3,623 )     (10,013 )
        Purchase of investments and other assets     718       61       725       5,343  
        Receipt of finance lease payments     (208 )     (191 )     (799 )     (255 )
        Changes in non-cash working capital balances     11,114       (18,619 )     20,380       (11,845 )
        Cash used in investing activities     61,954       57,627       202,986       214,784  
        Working Capital We define working capital as current assets less current liabilities, as reported in our Condensed Interim Consolidated Statements of Financial Position.

        Working capital is calculated as follows:

          December 31,     December 31,  
        (Stated in thousands of Canadian dollars)   2024       2023  
        Current assets   501,284       510,881  
        Current liabilities   338,692       374,009  
        Working capital   162,592       136,872  
        Total Long-term Financial Liabilities We define total long-term financial liabilities as total non-current liabilities less deferred tax liabilities, as reported in our Condensed Interim Consolidated Statements of Financial Position.

        Total long-term financial liabilities is calculated as follows:

          December 31,     December 31,  
        (Stated in thousands of Canadian dollars)   2024       2023  
        Total non-current liabilities   935,624       1,069,364  
        Deferred tax liabilities   47,451       73,515  
        Total long-term financial liabilities   888,173       995,849  
        Non-GAAP Ratios
        We reference certain additional Non-GAAP ratios that are not defined terms under IFRS to assess performance because we believe they provide useful supplemental information to investors.
               
        Adjusted EBITDA % of Revenue     We believe Adjusted EBITDA as a percentage of consolidated revenue, as reported in our Condensed Interim Consolidated Statements of Net Earnings, provides an indication of our profitability from our principal business activities prior to consideration of how our activities are financed and the impact of foreign exchange, taxation and depreciation and amortization charges.
               
        Long-term debt to long-term debt plus equity     We believe that long-term debt (as reported in our Condensed Interim Consolidated Statements of Financial Position) to long-term debt plus equity (total shareholders’ equity as reported in our Condensed Interim Consolidated Statements of Financial Position) provides an indication of our debt leverage.
               
        Net Debt to Adjusted EBITDA     We believe that the Net Debt (long-term debt less cash, as reported in our Condensed Interim Consolidated Statements of Financial Position) to Adjusted EBITDA ratio provides an indication of the number of years it would take for us to repay our debt obligations.
         
        Supplementary Financial Measures
        We reference certain supplementary financial measures that are not defined terms under IFRS to assess performance because we believe they provide useful supplemental information to investors.
               
        Capital Spending by Spend Category     We provide additional disclosure to better depict the nature of our capital spending. Our capital spending is categorized as expansion and upgrade, maintenance and infrastructure, or intangibles.
               

        CHANGE IN ACCOUNTING POLICY

        Precision adopted Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants – Amendments to IAS 1, as issued in 2020 and 2022. These amendments apply retrospectively for annual reporting periods beginning on or after January 1, 2024 and clarify requirements for determining whether a liability should be classified as current or non-current. Due to this change in accounting policy, there was a retrospective impact on the comparative Statement of Financial Position pertaining to the Corporation’s Deferred Share Unit (DSU) plan for non-management directors which are redeemable in cash or for an equal number of common shares upon the director’s retirement. In the case of a director retiring, the director’s respective DSU liability would become payable and the Corporation would not have the right to defer settlement of the liability for at least twelve months. As such, the liability is impacted by the revised policy. The following changes were made to the Statement of Financial Position:

      • As at January 1, 2023, accounts payable and accrued liabilities increased by $12 million and non-current share-based compensation liability decreased by $12 million.
      • As at December 31, 2023, accounts payable and accrued liabilities increased by $8 million and non-current share-based compensation liability decreased by $8 million.

      The Corporation’s other liabilities were not impacted by the amendments. The change in accounting policy will also be reflected in the Corporation’s consolidated financial statements as at and for the year ending December 31, 2024.

      PARTNERSHIP

      On September 26, 2024, Precision formed a strategic Partnership with two Indigenous partners to provide well servicing operations in northeast British Columbia. Precision contributed $4 million in assets to the Partnership. Profit attributable to Non-Controlling Interests (NCI) was $0.1 million in 2024.

      Precision holds a controlling interest in the Partnership and the portions of the net earnings and equity not attributable to Precision’s controlling interest are shown separately as NCI in the Consolidated Statements of Net Earnings and Consolidated Statements of Financial Position.

      CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS

      Certain statements contained in this release, including statements that contain words such as “could”, “should”, “can”, “anticipate”, “estimate”, “intend”, “plan”, “expect”, “believe”, “will”, “may”, “continue”, “project”, “potential” and similar expressions and statements relating to matters that are not historical facts constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking information and statements”).

      In particular, forward-looking information and statements include, but are not limited to, the following:

      • our strategic priorities for 2025;
      • our capital expenditures, free cash flow allocation and debt reduction plans for 2025 through to 2027;
      • anticipated activity levels, demand for our drilling rigs, day rates and daily operating margins in 2025;
      • the average number of term contracts in place for 2025;
      • customer adoption of AlphaTM technologies and EverGreenTM suite of environmental solutions;
      • timing and amount of synergies realized from acquired drilling and well servicing assets; and
      • potential commercial opportunities and rig contract renewals.

      These forward-looking information and statements are based on certain assumptions and analysis made by Precision in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. These include, among other things:

      • our ability to react to customer spending plans as a result of changes in oil and natural gas prices;
      • the status of current negotiations with our customers and vendors;
      • customer focus on safety performance;
      • existing term contracts are neither renewed nor terminated prematurely;
      • our ability to deliver rigs to customers on a timely basis;
      • the impact of an increase/decrease in capital spending; and
      • the general stability of the economic and political environments in the jurisdictions where we operate.

      Undue reliance should not be placed on forward-looking information and statements. Whether actual results, performance or achievements will conform to our expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from our expectations. Such risks and uncertainties include, but are not limited to:

      • volatility in the price and demand for oil and natural gas;
      • fluctuations in the level of oil and natural gas exploration and development activities;
      • fluctuations in the demand for contract drilling, well servicing and ancillary oilfield services;
      • our customers’ inability to obtain adequate credit or financing to support their drilling and production activity;
      • changes in drilling and well servicing technology, which could reduce demand for certain rigs or put us at a competitive advantage;
      • shortages, delays and interruptions in the delivery of equipment supplies and other key inputs;
      • liquidity of the capital markets to fund customer drilling programs;
      • availability of cash flow, debt and equity sources to fund our capital and operating requirements, as needed;
      • the impact of weather and seasonal conditions on operations and facilities;
      • competitive operating risks inherent in contract drilling, well servicing and ancillary oilfield services;
      • ability to improve our rig technology to improve drilling efficiency;
      • general economic, market or business conditions;
      • the availability of qualified personnel and management;
      • a decline in our safety performance which could result in lower demand for our services;
      • changes in laws or regulations, including changes in environmental laws and regulations such as increased regulation of hydraulic fracturing or restrictions on the burning of fossil fuels and greenhouse gas emissions, which could have an adverse impact on the demand for oil and natural gas;
      • terrorism, social, civil and political unrest in the foreign jurisdictions where we operate;
      • fluctuations in foreign exchange, interest rates and tax rates; and
      • other unforeseen conditions which could impact the use of services supplied by Precision and Precision’s ability to respond to such conditions.

      Readers are cautioned that the forgoing list of risk factors is not exhaustive. Additional information on these and other factors that could affect our business, operations or financial results are included in reports on file with applicable securities regulatory authorities, including but not limited to Precision’s Annual Information Form for the year ended December 31, 2023, which may be accessed on Precision’s SEDAR+ profile at www.sedarplus.ca or under Precision’s EDGAR profile at www.sec.gov. The forward-looking information and statements contained in this release are made as of the date hereof and Precision undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by law.

      CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)

      (Stated in thousands of Canadian dollars)   December 31,
      2024
          December 31,
      2023(1)
          January 1,
      2023(1)
       
      ASSETS            
      Current assets:                  
      Cash   $ 73,771     $ 54,182     $ 21,587  
      Accounts receivable     378,712       421,427       413,925  
      Inventory     43,300       35,272       35,158  
      Assets held for sale     5,501              
      Total current assets     501,284       510,881       470,670  
      Non-current assets:                  
      Income tax recoverable           682       1,602  
      Deferred tax assets     6,559       73,662       455  
      Property, plant and equipment     2,356,173       2,338,088       2,303,338  
      Intangibles     12,997       17,310       19,575  
      Right-of-use assets     66,032       63,438       60,032  
      Finance lease receivables     4,806       5,003        
      Investments and other assets     8,464       9,971       20,451  
      Total non-current assets     2,455,031       2,508,154       2,405,453  
      Total assets   $ 2,956,315     $ 3,019,035     $ 2,876,123  
                         
      LIABILITIES AND EQUITY                  
      Current liabilities:                  
      Accounts payable and accrued liabilities   $ 314,355     $ 350,749     $ 404,350  
      Income taxes payable     3,778       3,026       2,991  
      Current portion of lease obligations     20,559       17,386       12,698  
      Current portion of long-term debt           2,848       2,287  
      Total current liabilities     338,692       374,009       422,326  
                         
      Non-current liabilities:                  
      Share-based compensation     13,666       16,755       47,836  
      Provisions and other     7,472       7,140       7,538  
      Lease obligations     54,566       57,124       52,978  
      Long-term debt     812,469       914,830       1,085,970  
      Deferred tax liabilities     47,451       73,515       28,946  
      Total non-current liabilities     935,624       1,069,364       1,223,268  
      Equity:                  
      Shareholders’ capital     2,301,729       2,365,129       2,299,533  
      Contributed surplus     77,557       75,086       72,555  
      Deficit     (900,834 )     (1,012,029 )     (1,301,273 )
      Accumulated other comprehensive income     199,020       147,476       159,714  
      Total equity attributable to shareholders     1,677,472       1,575,662       1,230,529  
      Non-controlling interest     4,527              
      Total equity     1,681,999       1,575,662       1,230,529  
      Total liabilities and equity   $ 2,956,315     $ 3,019,035     $ 2,876,123  

      (1) Comparative period figures were restated due to a change in accounting policy. See “CHANGE IN ACCOUNTING POLICY.”

      CONDENSED INTERIM CONSOLIDATED STATEMENTS OF NET EARNINGS (UNAUDITED)

          Three Months Ended December 31,     Year Ended December 31,  
      (Stated in thousands of Canadian dollars, except per share amounts)   2024     2023     2024     2023  
                               
                               
      Revenue   $ 468,171     $ 506,871     $ 1,902,328     $ 1,937,854  
      Expenses:                        
      Operating     312,303       316,509       1,248,686       1,204,548  
      General and administrative     35,342       39,131       132,421       122,188  
      Earnings before income taxes, loss on investments and
      other assets, gain on acquisition, gain on repurchase
      of unsecured senior notes, finance charges, foreign
      exchange, loss on asset decommissioning, gain on
      asset disposals, and depreciation and amortization
          120,526       151,231       521,221       611,118  
      Depreciation and amortization     82,210       78,734       309,314       297,557  
      Gain on asset disposals     (1,913 )     (8,883 )     (16,148 )     (24,469 )
      Loss on asset decommissioning           9,592             9,592  
      Foreign exchange     1,487       (773 )     2,259       (1,667 )
      Finance charges     16,281       19,468       69,753       83,414  
      Gain on repurchase of unsecured senior notes                       (137 )
      Gain on acquisition           (25,761 )           (25,761 )
      Loss on investments and other assets     1,814       735       1,484       6,810  
      Earnings before income taxes     20,647       78,119       154,559       265,779  
      Income taxes:                        
      Current     2,811       486       7,470       4,494  
      Deferred     2,906       (69,089 )     35,759       (27,959 )
            5,717       (68,603 )     43,229       (23,465 )
      Net earnings   $ 14,930     $ 146,722     $ 111,330     $ 289,244  
      Attributable to:                        
      Shareholders of Precision Drilling Corporation   $ 14,795     $ 146,722     $ 111,195     $ 289,244  
      Non-controlling interests   $ 135     $     $ 135     $  
      Net earnings per share attributable to
      shareholders:
                             
      Basic   $ 1.06     $ 10.42     $ 7.81     $ 21.03  
      Diluted   $ 1.06     $ 9.81     $ 7.81     $ 19.53  


      CONDENSED
      INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

          Three Months Ended December 31,     Year Ended December 31,  
      (Stated in thousands of Canadian dollars)   2024     2023     2024     2023  
      Net earnings   $ 14,930     $ 146,722     $ 111,330     $ 289,244  
      Unrealized gain (loss) on translation of assets and liabilities of operations denominated in foreign currency     89,412       (36,755 )     119,821       (33,433 )
      Foreign exchange gain (loss) on net investment hedge with U.S. denominated debt     (49,744 )     22,679       (69,027 )     21,195  
      Tax related to net investment hedge of long-term debt     750             750        
      Comprehensive income   $ 55,348     $ 132,646     $ 162,874     $ 277,006  
      Attributable to:                        
      Shareholders of Precision Drilling Corporation   $ 55,213     $ 132,646     $ 162,739     $ 277,006  
      Non-controlling interests   $ 135     $     $ 135     $  


      CONDENSED
      INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

          Three Months Ended December 31,     Year Ended December 31,  
      (Stated in thousands of Canadian dollars)   2024     2023     2024     2023  
      Cash provided by (used in):                        
      Operations:                        
      Net earnings   $ 14,930     $ 146,722     $ 111,330     $ 289,244  
      Adjustments for:                        
      Long-term compensation plans     4,398       (2,541 )     18,888       6,659  
      Depreciation and amortization     82,210       78,734       309,314       297,557  
      Gain on asset disposals     (1,913 )     (8,883 )     (16,148 )     (24,469 )
      Loss on asset decommissioning           9,592             9,592  
      Foreign exchange     1,477       (853 )     2,442       (866 )
      Finance charges     16,281       19,468       69,753       83,414  
      Income taxes     5,717       (68,603 )     43,229       (23,465 )
      Other     (392 )     (9 )     (272 )     (229 )
      Loss on investments and other assets     1,814       735       1,484       6,810  
      Gain on acquisition           (25,761 )           (25,761 )
      Gain on repurchase of unsecured senior notes                       (137 )
      Income taxes paid     (1,617 )     (708 )     (6,459 )     (3,103 )
      Income taxes recovered     27       17       85       24  
      Interest paid     (2,806 )     (3,335 )     (72,241 )     (83,037 )
      Interest received     409       614       1,967       1,176  
      Funds provided by operations     120,535       145,189       463,372       533,409  
      Changes in non-cash working capital balances     42,256       25,066       18,711       (32,838 )
      Cash provided by operations     162,791       170,255       482,083       500,571  
                               
      Investments:                        
      Purchase of property, plant and equipment     (58,900 )     (78,582 )     (216,647 )     (224,960 )
      Purchase of intangibles           (265 )     (51 )     (1,789 )
      Proceeds on sale of property, plant and equipment     8,570       3,117       30,395       23,841  
      Proceeds from sale of investments and other assets                 3,623       10,013  
      Business acquisitions           (646 )           (28,646 )
      Purchase of investments and other assets     (718 )     (61 )     (725 )     (5,343 )
      Receipt of finance lease payments     208       191       799       255  
      Changes in non-cash working capital balances     (11,114 )     18,619       (20,380 )     11,845  
      Cash used in investing activities     (61,954 )     (57,627 )     (202,986 )     (214,784 )
                               
      Financing:                        
      Issuance of long-term debt     17,078             27,978       162,649  
      Repayments of long-term debt     (41,813 )     (86,699 )     (204,319 )     (375,237 )
      Repurchase of share capital     (25,023 )     (17,004 )     (75,488 )     (29,955 )
      Issuance of common shares from the exercise of options                 686        
      Debt amendment fees     (46 )           (1,363 )      
      Lease payments     (3,266 )     (3,010 )     (13,271 )     (9,423 )
      Funding from non-controlling interest                 4,392        
      Cash used in financing activities     (53,070 )     (106,713 )     (261,385 )     (251,966 )
      Effect of exchange rate changes on cash     1,700       (798 )     1,877       (1,226 )
      Increase in cash     49,467       5,117       19,589       32,595  
      Cash, beginning of period     24,304       49,065       54,182       21,587  
      Cash, end of period   $ 73,771     $ 54,182     $ 73,771     $ 54,182  


      CONDENSED
      INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)

          Attributable to shareholders of the Corporation              
      (Stated in thousands of Canadian dollars)   Shareholders’
      Capital
          Contributed
      Surplus
          Accumulated
      Other
      Comprehensive
      Income
          Deficit     Total     Non-
      controlling
      interest
          Total
      Equity
       
      Balance at January 1, 2024   $ 2,365,129     $ 75,086     $ 147,476     $ (1,012,029 )   $ 1,575,662     $     $ 1,575,662  
      Net earnings for the period                       111,195       111,195       135       111,330  
      Other comprehensive income for the period                 51,544             51,544             51,544  
      Share options exercised     978       (292 )                 686             686  
      Settlement of Executive Performance and Restricted Share Units     21,846       (1,479 )                 20,367             20,367  
      Share repurchases     (86,570 )                       (86,570 )           (86,570 )
      Redemption of non-management directors share units     346       (346 )                              
      Share-based compensation expense           4,588                   4,588             4,588  
      Funding from non-controlling interest                                   4,392       4,392  
      Balance at December 31, 2024   $ 2,301,729     $ 77,557     $ 199,020     $ (900,834 )   $ 1,677,472     $ 4,527     $ 1,681,999  
          Attributable to shareholders of the Corporation              
      (Stated in thousands of Canadian dollars)   Shareholders’
      Capital
          Contributed
      Surplus
          Accumulated
      Other
      Comprehensive
      Income
          Deficit     Total     Non-
      controlling
      interest
          Total
      Equity
       
      Balance at January 1, 2023   $ 2,299,533     $ 72,555     $ 159,714     $ (1,301,273 )   $ 1,230,529     $     $ 1,230,529  
      Net earnings for the period                       289,244       289,244             289,244  
      Other comprehensive income for the period                 (12,238 )           (12,238 )           (12,238 )
      Acquisition share consideration     75,588                         75,588             75,588  
      Settlement of Executive Performance and Restricted Share Units     19,206                         19,206             19,206  
      Share repurchases     (29,955 )                       (29,955 )           (29,955 )
      Redemption of non-management directors share units     757                         757             757  
      Share-based compensation expense           2,531                   2,531             2,531  
      Balance at December 31, 2023   $ 2,365,129     $ 75,086     $ 147,476     $ (1,012,029 )   $ 1,575,662     $     $ 1,575,662  


      2024 FOURTH QUARTER AND YEAR-END RESULTS CONFERENCE CALL AND WEBCAST

      Precision Drilling Corporation has scheduled a conference call and webcast to begin promptly at 11:00 a.m. MT (1:00 p.m. ET) on Thursday, February 13, 2025.

      To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions.

      https://register.vevent.com/register/BI9168b4c0516f4409ab4f297340994ebc

      The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be available on Precision’s website for 12 months.

      https://edge.media-server.com/mmc/p/8hij84aa

      About Precision

      Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, camps and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

      Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

      Additional Information

      For further information, please contact:

      Lavonne Zdunich, CPA, CA
      Vice President, Investor Relations
      403.716.4500

      800, 525 – 8th Avenue S.W.
      Calgary, Alberta, Canada T2P 1G1
      Website: www.precisiondrilling.com

      The MIL Network

  • MIL-OSI USA: Grassley, Longtime Champion of the False Claims Act, Urges AG Bondi to Fully Review Biden-Harris DOJ’s Pending Qui Tam Case Dismissals

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sen. Chuck Grassley (R-Iowa), Chairman of the Senate Judiciary Committee and author of legislation that significantly strengthened the False Claims Act (FCA), is urging Attorney General Pam Bondi to immediately halt pending FCA qui tam case dismissals issued under the Biden-Harris administration and conduct a full review to ensure decisions were made appropriately and in accordance with the facts and law. According to the DOJ, in 2024 qui tam FCA cases yielded the lion’s share of recoveries, recouping $2.4 billion out of the $2.9 billion recovered.
    “The False Claims Act (FCA) is our Nation’s greatest tool to fight and deter government fraud and return money to the taxpayers. A critical part of the FCA is its qui tam provision, which allows whistleblowers who typically have inside knowledge of fraudulent conduct to sue on the government’s behalf,” Grassley wrote.
    Last year, Grassley wrote two letters to the Biden-Harris DOJ requesting information on the Department’s standards for dismissing FCA qui tam cases in the wake of the Supreme Court ruling that DOJ may dismiss at any point during the litigation. Grassley raised concerns that the DOJ will be emboldened to dismiss qui tam cases, even years into the process and for reasons unrelated to the merits, after initially declining to intervene. The Biden-Harris DOJ failed to respond to either letter.
    “The Biden-Harris Justice Department’s failure to provide transparency into the process and standards it used to dismiss qui tam cases after initially declining to intervene raises questions with respect to whether fraudsters were potentially let off the hook at significant cost to the taxpayers,” Grassley continued.
    In her response to Grassley’s questions for the record, AG Bondi confirmed that she “will ensure the Department makes [FCA] dismissal decisions only as appropriate and in accordance with the relevant facts and law.” Grassley cited Bondi’s response in his letter and urged the DOJ to withdraw motions that do not align with the facts and the law.
    Text of Grassley’s letter to Attorney General Bondi follows: 
    February 7, 2025
    VIA ELECTRONIC TRANSMISSION
    The Honorable Pamela J. BondiAttorney GeneralDepartment of Justice
    Dear Attorney General Bondi:
    The False Claims Act (FCA) is our Nation’s greatest tool to fight and deter government fraud and return money to the taxpayers.  A critical part of the FCA is its qui tam provision which allows whistleblowers, who typically have inside knowledge of fraudulent conduct, to sue on the government’s behalf.[1]  Since the updates I authored to the qui tam provision were enacted into law, the FCA has recovered over $78 billion in taxpayer dollars and saved billions more by deterring would be fraudsters.[2]  According to Justice Department statistics, in 2024 FCA cases recovered more than $2.9 billion lost to fraud.[3]  Of that $2.9 billion, over $2.4 billion came from qui tam cases.[4]
    On March 6 and May 9, 2024, I wrote to the Biden-Harris Justice Department requesting information and statistics concerning the Department’s dismissal of FCA qui tam cases after the Supreme Court’s June 16, 2023, decision in United States Ex Rel. Polansky v. Executive Health Resources, Inc., et al.[5]   In that case, the Supreme Court ruled that the Justice Department may dismiss a qui tam case at any point, so long as they first intervene.[6]  I am concerned that the Justice Department, after initially declining to intervene in a case, will now be emboldened to intervene at any point in litigation – even years into litigation – and dismiss FCA cases for reasons unrelated to the merits.[7]  My March and May letters were similar to my September 4, 2019, letter to then-Attorney General Barr requesting information about the Justice Department’s implementation of their new FCA dismissal policy, known as the “Granston Memorandum,” and its vague instructions that could potentially lead to a greater number of qui tam cases being dismissed for reasons unrelated to their merits.[8]  On December 19, 2019, then-Attorney General Barr responded to my letter and provided the list of cases I requested where the government moved to dismiss.[9]   However, the Biden-Harris Justice Department failed to respond to both of my letters. 
    The Biden-Harris Justice Department’s failure to provide transparency into the process and standards it used to dismiss qui tam cases after initially declining to intervene raises questions with respect to whether fraudsters were potentially let off the hook at significant cost to the taxpayers.  The process and standards the Biden-Harris administration used in determining whether to intervene and dismiss FCA cases post-Polansky may not align with the priorities of the current administration.
    In your response to my questions for the record about FCA dismissals, you stated “I will c decisions only as appropriate and in accordance with the relevant facts and law.”[10]  Accordingly, I strongly urge you to immediately halt all pending dismissals and conduct a review of all qui tam cases from June 2023 to the present with pending Biden-Harris Justice Department motions to dismiss to ensure that the decisions were made “only as appropriate and in accordance with the relevant facts and law.”  Should these motions to dismiss not align with the facts and the law, the Justice Department must withdraw them. In addition, I request that you provide responses to my March 6 and May 9 letters, which the Biden-Harris Justice Department failed to answer, which I’ve enclosed along with copies of my September 2019 letter to Attorney General Barr and his response.
    Thank you for your prompt review and responses. If you have any questions, please contact Brian Randolph on my Committee staff at (202) 224-7708.
    Sincerely,
    Charles E. GrassleyChairmanCommittee on the Judiciary

    [1] 31 U.S.C. § 3730(c).
    [2] Department of Justice, False Claims Act Settlements and Judgments Exceed $2.9B in Fiscal Year 2024, Press Release (Jan. 15, 2025) https://www.justice.gov/opa/pr/false-claims-act-settlements-and-judgments-exceed-29b-fiscal-year-2024.
    [3] Id.
    [4] Id.
    [5] United States, ex rel. Polansky v. Exec. Health Res., Inc., 599 U.S. 419, 143 S. Ct. 1720, 216 L. Ed. 2d 370 (2023) https://www.supremecourt.gov/opinions/22pdf/21-1052_fd9g.pdf.
    [6] Id.
    [7] G. Norman Acker III, John H. Lawrence, Michael H. Phillips, Supreme Court Affirms Government’s Broad Dismissal Authority In False Claims Act Suits, US Health Care and FDA Alert (Jul. 5, 2023) https://www.klgates.com/Supreme-Court-Affirms-Governments-Broad-Dismissal-Authority-in-False-Claims-Act-Suits-7-5-2023; see also Tirzah S. Lollar and Megan Pieper, DOJ Flexes Its Post-Polansky (c)(2)(A) Muscles and Moves To Dismiss Qui Tam Midway Through Discovery, Qui Notes: Unlocking the False Claims Act (Mar. 19, 2024) https://www.arnoldporter.com/en/perspectives/blogs/fca-qui-notes/posts/2024/03/doj-flexes-post-polansky-muscles; Brenna E. Jenny and Matt Bergs, First Court of Appeals to Apply Polansky Upholds DOJ’s Dismissal, FCA Blog (Aug. 8, 2024) https://fcablog.sidley.com/2023/08/08/first-court-of-appeals-to-apply-polansky-upholds-dojs-dismissal/; Paula Ramer and Alejandra C. Uria, Another One Bites the Dust: The Government Secures Its Third Federal Qui Tam Dismissal Under Its Broad (c)(2)(A) Authority Since Polansky, Qui Notes: Unlocking the False Claims Act (Apr. 23, 2024) https://www.arnoldporter.com/en/perspectives/blogs/fca-qui-notes/posts/2024/04/another-one-bites-the-dust.
    [8] Letter from Senate Judiciary Chairman Charles E. Grassley to Attorney Barr re: Granston Memo, (Sep. 4, 2019) https://www.grassley.senate.gov/imo/media/doc/2019-09-04%20CEG%20to%20DOJ%20(FCA%20dismissals).pdf.
    [9] Letter from the Justice Department to Senate Judiciary Chairman Charles E. Grassley re: Granston Memo, (Dec. 19, 2019) https://www.arnoldporter.com/en/-/media/files/perspectives/publications/2020/01/doj-response-to-senator-grassley.pdf.
    [10] On file with Committee staff.

    MIL OSI USA News

  • MIL-OSI New Zealand: Stats NZ information release: Māori descent population: 2023 Census

    Source: Statistics New Zealand

    Māori descent population: 2023 Census 13 February 2025 – Māori descent population: 2023 Census provides information and data on Māori descent population concepts through a number of different products, such as Aotearoa Data Explorer tables, an infographic, and a methods paper, Māori and iwi population concepts in the 2023 Census.

    Māori descent statistics tell us about the number of people usually living in New Zealand who descend from Māori. These statistics provide important insights into the needs and outcomes for Māori, and help determine the number of Māori and general electorates and their boundaries.

    Files:

    MIL OSI New Zealand News

  • MIL-OSI Submissions: Stats NZ information release: Māori descent population: 2023 Census

    Source: Statistics New Zealand

    Māori descent population: 2023 Census13 February 2025 – Māori descent population: 2023 Census provides information and data on Māori descent population concepts through a number of different products, such as Aotearoa Data Explorer tables, an infographic, and a methods paper, Māori and iwi population concepts in the 2023 Census.

    Māori descent statistics tell us about the number of people usually living in New Zealand who descend from Māori. These statistics provide important insights into the needs and outcomes for Māori, and help determine the number of Māori and general electorates and their boundaries.

    Files:

    MIL OSI

  • MIL-OSI New Zealand: Stats NZ information release: Electronic card transactions: January 2025

    Source: Statistics New Zealand

    Electronic card transactions: January 2025 13 February 2025 – The electronic card transactions (ECT) series cover debit, credit, and charge card transactions with New Zealand-based merchants. The series can be used to indicate changes in consumer spending and economic activity.

    Key facts

    All figures are seasonally adjusted unless otherwise specified.

    Values are at the national level and are not adjusted for price changes.

    January 2025 month

    Changes in the value of electronic card transactions for the January 2025 month (compared with December 2024) were:

    • spending in the retail industries decreased 1.6 percent ($103 million)
    • spending in the core retail industries decreased 1.5 percent ($86 million).

    Files:

    MIL OSI New Zealand News

  • MIL-OSI Submissions: Stats NZ information release: Electronic card transactions: January 2025

    Source: Statistics New Zealand

    Electronic card transactions: January 202513 February 2025 – The electronic card transactions (ECT) series cover debit, credit, and charge card transactions with New Zealand-based merchants. The series can be used to indicate changes in consumer spending and economic activity.

    Key facts

    All figures are seasonally adjusted unless otherwise specified.

    Values are at the national level and are not adjusted for price changes.

    January 2025 month

    Changes in the value of electronic card transactions for the January 2025 month (compared with December 2024) were:

    • spending in the retail industries decreased 1.6 percent ($103 million)
    • spending in the core retail industries decreased 1.5 percent ($86 million).

    Files:

     

    MIL OSI

  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Commend the Republic of the Congo on the Mouébara Act, Raise Questions on Women’s Access to Justice and Clandestine Abortions

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today considered the eighth periodic report of the Republic of the Congo, with Committee Experts commending the State on the Mouébara Act which combatted violence against women, while raising questions on women’s access to justice and on clandestine abortions in the country. 

    Esther Eghobamien, Committee Expert and Country Rapporteur for the Congo, said extensive constitutional, legal and public policy reforms, and strategic approaches adopted by the Congo were commendable, including the celebrated Mouébara Act no. 19 of 2022 to combat violence against women, which specifically defined discrimination against women as in article 11 for the first time.  Many unique provisions of the law aligned with international human rights law and if effectively implemented, should guarantee protection for women on many fronts, including against sexual harassment. 

    A Committee Expert asked how the State was working with customary courts and informal justice actors to form a path for the protection of the rights of women and girls under customary law?  What concrete steps were being taken to improve and enhance access to quality justice, including through the provision of legal aid and addressing awareness in the justice sector?  How was the State party ensuring that the Mouébara Act was implemented, so that gaps could be closed? 

    Another Committee Expert said complications from clandestine abortions were responsible for up to 30 per cent of maternal deaths.  Use of contraceptives in the country was very low.  What specific measures were being taken to ensure people knew about the risks of early pregnancies?  What measures were being taken to ensure that women facing complications relating to insecure abortions received full medical support?  How was access to health services without criminalisation ensured, particularly for women involved in clandestine abortion? What measures would be taken to legalise abortion? 

    The delegation said work was being carried out at the grassroots level with community leaders on the rights of women.  Access to justice was guaranteed under the law and bolstered via the Mouébara Act. The national action plan for tackling gender-based violence had a staff, who were also active in ensuring women had access to justice.  There had been training sessions for judges and judicial staff so they understood the new laws and how their provisions needed to be applied in the courts.  More than 1,000 judicial staff had undergone training so far.  The Mouébara Act contained specific actions for judges, and judges received specific training on it. 

     

    The delegation said the Republic of the Congo banned the voluntary interruption of pregnancy, due to terrible past situations relating to abusive abortions in inappropriate locations.  The State monitored specific cases.  There had been a case involving incest where a girl was pregnant with twins and her father was responsible.  In this case, to have access to an abortion, she would need to go through the courts and the judge should accept the procedure for termination of pregnancy, taking into consideration the health of the mother.  These were exceptional cases, and the State was following this policy to limit any potential health problems. 

    Introducing the report, Inès Bertille Nefer Ingani Voumbo Yalo, Minister for the Promotion of Women, Integration of Women in Development and Informal Economy of the Republic of the Congo and head of the delegation, said many steps had been taken to enhance women’s participation in political and public life, including the national programme for the promotion of women’s leadership in political life, which strengthened the capacities of more than 3,000 women in politics, leadership, and communication.  The representation of women in institutions and decision-making spheres in the Republic of the Congo was experiencing a real improvement.  The Republic of the Congo aimed to be a model in the implementation of the Convention.

    In her closing remarks, Nahla Haidar, Committee Chair, said the Committee was impressed by the number of legal initiatives and texts being developed by the State party and the work being undertaken on the ground to translate those texts into something real. 

    Ms. Ingani Voumbo Yalo thanked the Committee for the efforts and the constructive dialogue. The Republic of the Congo was committed to moving forwards to improve the wellbeing and rights of women. 

    The delegation of the Congo was comprised of representatives from the Ministry for the Promotion of Women, the Integration of Women in Development and the Informal Economy; the Ministry of Social Affairs, Solidarity and Humanitarian Action; the Ministry of Justice, Human Rights and the Promotion of Indigenous Peoples; the National Action Programme for the Fight against Violence against Women; the Communications and Information Technology Services Department; the Directorate of Cooperation; the Association of Women Lawyers in the Congo; the National Human Rights Commission; and the Permanent Mission of the Republic of the Congo to the United Nations Office at Geneva. 

    The Committee on the Elimination of Discrimination against Women’s ninetieth session is being held from 3 to 21 February.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet at 10 a.m. on Thursday, 13 February to begin its consideration of the ninth periodic report of Sri Lanka (CEDAW/C/LKA/9).

    Report

    The Committee has before it the eighth periodic report of the Congo (CEDAW/C/COG/8).

    Presentation of Report

    INÈS BERTILLE NEFER INGANI VOUMBO YALO, Minister for the Promotion of Women, Integration of Women in Development and Informal Economy of the Republic of the Congo and head of the delegation, said the promotion of equal human and women’s rights was one of the major pillars of the Congolese Government’s action.  Many steps had been taken to enhance women’s participation in political and public life, including the national programme for the promotion of women’s leadership in political life, which strengthened the capacities of more than 3,000 women in politics, leadership, and communication. The representation of women in institutions and decision-making spheres in the Republic of the Congo was experiencing a real improvement.  There were now 100 per cent of women on the Women’s Advisory Council, 47 per cent of women in the judiciary, 25 per cent of women in the high court of justice, and 15 per cent of women credited as ambassadors, among others. 

    Since the last dialogue with the Committee, the Republic of the Congo had strengthened and evolved its normative and institutional framework by adopting several texts, including the law establishing the right of asylum and refugee status; the law on combatting trafficking in persons; the law on sustainable environmental management; the Mouébara Act on combatting violence against women and its implementing texts; and the law establishing the Mouébara Centre for the reception and rehabilitation of women and girls victims of violence, among others.  The draft law on parity was in the process of being adopted. 

    Many activities had been carried out to promote and protect women’s rights, such as the establishment of the National Committee of Women Mediators for Peace; the adoption of the national strategy (2021-2025) to combat gender-based violence; the training of women magistrates in the courts of appeal on domestic violence; and the training of more than 1,000 magistrates and other judicial personnel under the jurisdiction of the five courts of appeal on the application of the Convention, the Mouébara Act on combatting violence against women, and the holistic care of victims of violence against women.  The Mouébara Centre for the rehabilitation of women victims of violence would benefit from a two-hectare plot of land in the centre of Brazzaville and a budget line of two billion FCFA for its construction in 2025.

    With regard to maternal and child health, the national health development plan 2023-2026 covered caesarean section and other complications related to pregnancy and childbirth, free antimalarial drugs for children aged 0 to 15 years old, as well as the care of children with sickle cell anaemia.  Other strategies to combat maternal and child mortality had been developed, including the integrated strategic plans for reproductive, maternal, newborn, child and adolescent health 2022-2026.  These actions made it possible to reduce the maternal mortality ratio from 304 deaths to less than 70 deaths per 100,000 live births over a period of three years. 

    Regarding the fight against HIV/AIDS, there had been a considerable reduction in the prevalence rate of mother-to-child transmission, as well as an increase in antiretroviral coverage among pregnant women, from 10 per cent in 2019 to 43 per cent in 2023. Awareness campaigns were being conducted in schools and in grassroots communities to combat teenage pregnancies in the Congo.

    To improve women’s access to education, the Republic of the Congo adopted the national policy for integrated early childhood development 2022-2030; the national strategy for girls’ schooling; and the education sector strategy 2021-2030. Schooling was compulsory for all until the age of 16, textbooks were free, and wearing a uniform was compulsory to fight against discrimination against the most disadvantaged children. The positive masculinity approach to combat violence against women and girls had raised awareness among nearly 4,000 students from different departments on family life, education, gender stereotypes and awareness against violence in schools. 

    The Congo was continuing efforts to ensure women’s empowerment through support for women’s and mixed groups as part of the programme for the development of protected agricultural areas.  Funding had been granted to women carrying out income-generating activities.  The Congo had also established a public support structure for small and medium-sized enterprises, called the “Impulse, Guarantee and Support Fund”, allowing women entrepreneurs to benefit from training on entrepreneurial leadership.

    Despite the progress made by the Republic of the Congo, significant challenges remained. The State was calling for multifaceted support from the international community for better management of issues related to the fight against all forms of discrimination against women and for the construction of the Mouébara Centre for the holistic care of victims of violence.  The Republic of the Congo aimed to be a model in the implementation of the Convention.

    Questions by Committee Experts

    ESTHER EGHOBAMIEN, Committee Expert and Country Rapporteur for the Congo, said the State possessed vast oil and forest resources but still faced challenges in providing a high quality of life to citizens, particularly women and girls. Extensive constitutional, legal and public policy reforms, and strategic approaches adopted by the Congo were commendable, notably the 2017-2021 national gender policy and action plan; the promotion of women’s leadership in politics and public life (2017-2021); the UNCR 1325 national action plan on women and peace and security (2021–2023); and the celebrated Mouébara Act no. 19 of 2022 to combat violence against women, which, specifically defined discrimination against women as in article 11 for the first time.  Many unique provisions of the law aligned with international human rights law and if effectively implemented, should guarantee protection for women on many fronts, including against sexual harassment. 

    However, key policies had expired, progress was slow, and the rights of women and girls were continually threatened by violence.  It was hoped the outcome of today’s dialogue would highlight thematic areas to build a future where gender equality was tangible and accessible to all women in the Congo.

    How systematic was the training for judges?  Was gender integrated into the curriculum for training?  Did the Congo have legal aid as a service for women?  What kind of capacity building was being given to the legislator? 

    A Committee Expert commended the State party for the Mouébara Act, and for the Constitution, which decreed equality between men and women.  Had the State party conducted an assessment on existing laws to identify legal frameworks which contradicted existing policies on equality?  What efforts was the State party taking to build the capacity of judges, prosecutors and the judiciary to apply the Convention in their work?  How was the State working with customary courts and informal justice actors to form a path for the protection of the rights of women and girls under customary law? 

    What was the situation of women and human rights defenders working on the human rights of women in the country?  What concrete steps were being taken to improve and enhance access to quality justice, including through the provision of legal aid and addressing awareness in the justice sector?  How was the State party ensuring that the Mouébara Act was implemented, so that gaps could be closed? 

    Responses by the Delegation 

    The delegation said the Mouébara Act was a significant legislative step, serving to resolve the different issues when it came to the protection of women.  Previously there were no specific guarantees protecting women from violence.  The Act allowed the State to criminalise various types of behaviour which did not respect the human rights of women.  It was enacted two years ago and was increasingly being referred to and cited. 

    Work was being carried out at the grassroots level with community leaders on the rights of women. Departmental networks had been established in every department in the Congo, and in every department there was a network to eradicate violence against women and girls.  Access to justice was guaranteed under the law and bolstered via the Mouébara Act.  Gender-based violence focal points had been appointed in the courts.  The national action plan for tackling gender-based violence had a staff, who were also active in ensuring women had access to justice. 

    There had been training sessions for judges and judicial staff so they understood the new laws and how their provisions needed to be applied in the courts.  This included training on the Convention and the State’s strategy to eliminate violence against women.  More than 1,000 judicial staff had undergone training so far. Regular criminal court hearings were held which allowed all those found guilty of violence against women to be prosecuted. 

    The Congo had been taking steps to improve prison settings, and women’s prisons were monitored and surveyed.  Visits were conducted every year to ensure female prisoners were being treated appropriately.  The Mouébara Act was the first comprehensive act in all of French-speaking Africa which criminalised violence against women.  Steps had been taken to ensure the suspension of judges who did not fulfil their duties, to reassure all women they would receive a fair hearing.  The Mouébara Act contained specific actions for judges, and judges received specific training on it. 

    Gender parity was provided for in the Constitution.  The Congo had an Electoral Code which provided for parity and things were improving gradually.  With each election, there was an increase in the number of women.  There were dedicated lawyers to provide support to women during legal proceedings. 

    Questions by Committee Experts

    A Committee Expert commended the State party on its updated national action plan on women, peace and security with four specific pillars in line with the United Nations trust facility supporting cooperation on arms regulation 1325.  How would civil society and women’s organizations be engaged in the implementation and monitoring of the plan?  And what about the involvement of the security sector? How did the plan align with national development priorities and the establishment of an inclusive security architecture?  What steps was the State party taking to adopt a legal framework for gender responsive budgeting?  What measures were being taken to enact a legal framework for women human rights defenders and ensure accountability for threats made against them?  What was the timeline for the Gender Observatory? 

    Another Expert asked about the status of the parity law?  Were there any political officials mandated to address the concept of temporary special measures?  Were any studies planned to assess the impact of temporary special measures on social development?  Were there any measures to address the gaps within the digital economy?  What concrete sanctions had been put in place for political parties to work towards parity? 

    Responses by the Delegation 

    The delegation said parity was progressive in the Congo.  It required a change in mentality and encouraging women along that path. Women needed to express their will to participate in politics, and the State was trying to raise awareness to help them not to be afraid that men would cheat and win anyway.  Around 3,000 women had been elected through municipal and local elections and in the Senate.  A Ministry had been established for the promotion of indigenous peoples, which was a huge step forward.  The legal regime which governed the human rights commission had been strengthened. The Government had been developing a national strategy on indigenous peoples, which had led to the adoption of a national action plan to improve their wellbeing. 

    The Republic of the Congo had made major headway when it came to peacekeeping.  As a result of the recent economic crisis, there had been a psychosis creeping in regarding peacekeeping, but women continued to play a full role in peacekeeping for the country.  The current economic crisis weighed heavily on the budget of the country. A national strategy had been rolled out on transitioning the informal sector towards a formal sector.  A fund was in place which would allow female market vendors to benefit from preferential rates to enable them to have access to financing which would allow them to become empowered. 

    Questions by Committee Experts

    A Committee Expert said the Family Code contained provisions reinforcing women’s subordinate role in the household.  The introduction of new laws and policies, particularly the Mouébara Act was commendable. What progress had been made under this law in addressing gender stereotypes?  What efforts had the State party made to combat gender stereotypes? While progress had been made in the eradication of female genital mutilation, the practice still existed. What measures had been adopted towards ensuring the absolute prohibition of child marriage?  What steps was the State party taking to eliminate harmful practices?  Could data be provided on female genital mutilation for the past two years?  What support was provided to victims of female genital mutilation and child marriage? 

    Violence disproportionately affected indigenous women and women with disabilities.  How would the State party ensure regular awareness raising campaigns for women, who were the most vulnerable, to protect them against violence?  What mechanisms would be put in place to facilitate the reporting of gender-based violence?  What progress had been achieved under the Mouébara Act in prosecuting violence against women, particularly for indigenous women and for women with disabilities? 

    Another Expert said the Committee remained concerned about the lack of information available about trafficking.  Information would be welcomed on the number of cases and prosecutions.  Were steps being taken to improve coordination between law enforcement professionals working in the sphere of trafficking? What was being done to ensure victims of trafficking were not treated as criminals? 

    How were victims guaranteed access to services across the entire country?  Were the services accessible for rural and indigenous women? Prostitution was not legalised in the Republic of the Congo, however, States were obliged to scrap laws which discriminated against women, including laws against women who were prostitutes. Were women who were prostitutes able to be charged with a crime?  What steps was the State taking to decriminalise women working as prostitutes? What programmes were in place for women and girls who wished to leave prostitution? 

    Responses by the Delegation 

    The delegation said under the Mouébara Act, the Ministry of Women drafted an annual report which included statistics on the Act.  The Mouébara Act provided for new sets of exacerbating circumstances to ensure perpetrators of violence against women were duly charged.  This included law enforcement officials who tried to prevent victims from reporting the crime. 

    Work was being carried out to change culture and mindsets, including modernising the mindsets of women at the outset, which was no easy task.  However, progress was being made, including that the Minister of Indigenous Affairs was now a woman.  Significant work was being done with indigenous women to work with them to change minds in communities. 

    Female genital mutilation was not part of Congo tradition.  Foreigners sometimes set up residence in the country and conducted this practice, and this was monitored.  There had been cases at the border where young girls who had been brought into the Congo to marry were apprehended.  This had occurred within the Malian community who sought young girls and brought them into the Congo for marriage.  If there was a child who did not speak French, border control officers would make efforts to check the child was related to the person they were travelling with.  Forced marriages were prohibited in the Republic of the Congo; however, this practice was still seen in rural and agricultural areas. 

    There was no specific law prohibiting or condemning prostitution in the Congo.  Prostitution was very far removed from the State’s cultural values.  If there were conversations about prostitution in the public space, the State was concerned they would open a pandora’s box and result in an increase in sexually transmitted diseases, which would overwhelm services.  The State was aware that there may need to be a change in approach. 

    In 2019, the Congo had published a law on trafficking, and training was organised with members of the judiciary on this topic.  Polygamy was permitted and men could have up to four wives.  If couples wanted to be polygamous, this needed to be declared.

    The Mouébara Centre provided services for victims, and also acted as a forum for dialogue and an opportunity to follow-up with perpetrators responsible for such acts. The Republic of the Congo had not yet implemented the law on genocide.

    Questions by a Committee Expert

    A Committee Expert commended the minimum 30 per cent quota for candidate lists set by the State. The number of female members of the national assembly had risen to more than 15 per cent.  However, the current bureau established in 2022 included only one woman.  What were the recent programmatic measures to promote women’s leadership?  What had the State identified as the cause of the noticeable underrepresentation of women in the diplomatic area?  What endeavours had been undertaken to increase women’s awareness on the availability of opportunities as well as the importance of women’s representation in international leadership?  The State party’s efforts to raise awareness to combat gender stereotypes to overcome women’s low representation in decision-making positions were recognised.  What did these campaigns entail?  What were the resources allocated?  Had their impact been assessed?  What were their outcomes?  Were the campaigns targeting the younger generation? 

    Responses by the Delegation 

    The delegation said today women were heads of villages and districts.  The Consultative Committee on Women was the only body which had the right to make suggestions to the President.  Work was being done to ensure that before the next election, the articles related to the percentages of women would be modified.  The Consultative Committee had made several suggestions, including on women governors.  Thanks to these suggestions, two women had become governors. 

    The Committee made it possible to promote women in science as there had been few women scientists before that.  It also made it possible to prepare programmes on the education of young women and to improve the situation of girls in all schools.  Without awareness raising, girls were often mocked during their menstrual cycles, so it was necessary for schools to have social workers to deal specifically with issues for young girls.  This would be made mandatory in 2025 as a direct result of the work of the Consultative Committee.  

    The gender parity observatory had been established to monitor progress.  There needed to be female candidates who were capable of representing their constituents.  Work was also being carried out with political parties to ensure they were willing to put forward female candidates.

    Questions by Committee Experts

    A Committee Expert said the Congo had made headway when it came to issues of nationality. However, women of Congolese nationality faced issues when transmitting nationality to their foreign husbands. Would the State modify the laws in this regard?  Could women transmit their nationality to their children, like men could?   Was there a different level of birth registration between the different sexes?  What were the outcomes of any campaigns to boost the levels of birth registration? What measures would be implemented in rural areas to boost levels of registration?  Would civil status procedures be digitalised to make them more streamlined?

    The State should be commended for ratifying the two conventions on statelessness in 2023, and for establishing a committee to address statelessness.  What were the activities of the committee and what had it achieved? 

    Responses by the Delegation 

    The delegation said a reform was currently being debated, which if adopted would result in a new legal framework which would overhaul certain provisions in the Family Code. The Government was pushing to ensure that this reform was regalvanised and enjoyed some fresh momentum. 

    Failure to uphold the electoral law resulted in sanctions.  Alternating lists for male and female candidates had been drawn up to beef up the success of the parity law.  If parties failed to uphold the 30 per cent quota on the list, the entire list of candidates would be rejected.  This meant that at the most recent elections, parties took this seriously and ensured that more female candidates were put forward, resulting in the training of 3,000 female candidates. 

    In the Congo, there was a Minister for the Digital Economy.  In 2025, the goal had been set to digitalise all services and work was underway to deliver on this. 

    Questions by a Committee Expert

    A Committee Expert said the Committee appreciated the State party’s commitment to advancing equality. Had the national action plan on education and its accompanying strategy been extended?  Could the State party clarify why indigenous children and orphans could not be enrolled in regular schools?  How was it ensured that all children had access to schooling?  What was being done to increase the retention of girls in secondary education, particularly indigenous girls? 

    The Committee commended the strategy to increase girls’ enrolment in maths and sciences, but was concerned at the low numbers mandated for the quotas.  How were girls being encouraged to enrol in maths and science subjects?  What initiatives had been implemented to combat gender stereotyping and increase the number of girls enrolled in industrial subjects?  Did literacy programmes aim only for the functional literacy of women?  Were there remedial programmes for girls who dropped out of school?

    Responses by the Delegation 

    The delegation said education was equal for boys and girls, and significant steps had been taken to reduce the gaps between the genders in education.  There was a plan for early childhood 2022-2030 that focused on ensuring that girls stayed in school, with several initiatives, including free education and textbooks.  The State also provided free school meals.  To ensure girls did not drop out due to menstruation, all school facilities in the country now had toilets separated by sex.  There were also showers built to allow for better menstrual hygiene.  Scholarships and fellowship grants were made available to young girls who wished to pursue a career in science.  Countries such as Cuba provided girls with the opportunity to pursue medical scholarships. There were vocational colleges set up to help girls who had dropped out of school. 

    Data indicated that as of 2020, there were more than 14,000 indigenous children, more than 7,500 of whom were girls, who were educated in the Congo.  A budget was specifically set aside for the celebration of International Women’s Day.  On the day, activities were organised, including for rural women. 

    The literacy programme covered all women in the Congo.  There were four institutions in the country providing specialised education and training for children with disabilities.  Students in indigenous communities benefitted from the Aura education programme, which ran until the end of primary school, or early secondary school.  Once they had attained that level of education, they could then go to the same schools as other children.  Educational awareness programmes were conducted with parents to ensure children were not pulled out of school to participate in the harvest. 

    Questions by Committee Experts

    A Committee Expert said the labour law of the Republic of the Congo guaranteed equal pay for equal work regardless of sex.  There were issues with sexual harassment in the workplace; could the delegation clarify the status of sexual harassment laws in the country?  What strategies were in place to raise awareness about sexual harassment in the workplace?  What measures would be adopted to reduce the pay gap and collect data in this regard? 

    ESTHER EGHOBAMIEN, Committee Expert and Country Rapporteur for the Congo, asked if there were any mechanisms which regulated the private sector? 

    Responses by the Delegation 

    The delegation said women and men earnt the same wages when they had the same responsibilities. A national strategy had been crafted to shift the informal economy to a formal economy.  The Republic of the Congo wanted to boost its gross domestic product, which could be done by formalising work which previously took place in the informal sector or on the black market.  The right to a retirement pension held true to all.  The Mouébara Act punished sexual abuse and sexual violence in the workplace as well as public spaces, including religious institutions. Fines and punishment were doubled if this involved a hierarchical responsible official. 

    A new law made it mandatory for all projects to have a social, economic and environmental impact statement and review. 

    Questions by a Committee Expert

    A Committee Expert said the leading cause of death in the Congo was HIV/AIDS, with the rate of deaths almost 50 per cent higher for women than men.  Complications from clandestine abortions were responsible for up to 30 per cent of maternal deaths.  Use of contraceptives in the country was very low.  What specific measures were being taken to ensure people knew about the risks of early pregnancies?  What measures were being taken to ensure that women facing complications relating to insecure abortions received full medical support?  How was access to health services without criminalisation ensured, particularly for women involved in clandestine abortion?  What measures would be taken to legalise abortion? 

    What was being done to reduce stigmatisation around HIV/AIDS?  What measures were being taken by the State to deal with challenges in terms of infrastructure in rural areas?  What was the overall number of persons benefitting from the universal health insurance fund, and how many were women and girls?  What measures had been put into place by the State to ensure indigenous women had access to safe drinking water? 

    Responses by the Delegation 

    The delegation said there was a programme for sexual and reproductive health which had been reintroduced in schools.  The State ensured the promotion of modern contraceptives and ensured they were free of charge in health centres.  The Republic of the Congo banned the voluntary interruption of pregnancy due to terrible past situations relating to abusive abortions in inappropriate locations. The State monitored specific cases. There had been a case involving incest where a girl was pregnant with twins and her father was responsible.  In this case, to have access to an abortion, she would need to go through the courts and the judge should accept the procedure for termination of pregnancy, taking into consideration the health of the mother.  These were exceptional cases, and the State was following this policy to limit any potential health problems. 

    Questions by Committee Experts

    ESTHER EGHOBAMIEN, Committee Expert and Country Rapporteur for the Congo, said women found it difficult to participate equitably in the socio-economic development of the country.  Unfortunately, poverty remained a leading cause of social exclusion for women. Existing and planned support programmes to help women entrepreneurs access finance and microfinance, develop their businesses, and provide services tailored to meet the needs of rural women were commendable. 

    What measures were being taken to enhance social protection systems for Congolese women, especially those in the informal sector and vulnerable groups?  How did the Government plan to address financial and infrastructural challenges which hindered women’s access to social services? Would the State party consider ratifying key International Labour Organization conventions?  What programmes existed to support women in core economic sectors such as energy, oil and gas, the extractive industry, and the blue economy in the Congo.  What measures were in place to strengthen the private sector’s accountability to the Committee? 

    Another Expert commended the State party for progress registered in advancing the rights of rural women and women in agriculture.  What concrete efforts was the State party taking to mobilise adequate financing to increase equal access to electricity and clean energy and technology for women and girls, especially women and girls in rural areas, women with disabilities, indigenous women, women living in poverty, and refugee, migrant, and asylum-seeking women and girls?  What efforts was the State party taking to increase access to inclusive water hygiene and sanitation programmes and activities in all parts of the country? To what extent were women and girls in rural areas; refugee, migrant and asylum-seeking women and girls; those living in poverty; and women and girls with disabilities involved in the development, implementation, monitoring and evaluation of rural and agricultural developmental programmes that were meant to benefit them?

    Responses by the Delegation 

    The delegation said the President of the Republic of the Congo was a champion of environmental causes.  Steps had been taken to ensure women were playing their full role in climate action. A fund was in place for the artisanal sector, which was also available to female artisans.  The medical insurance fund covered the needs of women in the informal sector.  At the rural level, the programme “water for all” encouraged the use of solar resources to achieve water and electricity goals.   Women benefited from credits and loans and women entrepreneurs had access to a fund which provided cash transfers. 

    A project was currently underway which would be launched in specific zones, focusing on environmental protection.  It aimed to be a grassroots project with ownership by the local communities, including indigenous communities.  There were interschool competitions to encourage all pupils to take an interest in sports.  There were also sporting academies for girls, particularly a handball academy, which was popular in the country.  There was a project involving 300 women who would undergo a self-defence training course, as a way of tackling violence against women.  The gender dimension was included throughout the environmental framework. 

    Questions by a Committee Expert

    A Committee Expert said adultery was illegal for men and women, but sanctions were harsher for women.  In the absence of an agreement between the spouses, the husband would choose the place of residence for the family.  How did the State ensure that customary marriages were recorded in the civil registry and all married women enjoyed the same rights when it came to civil procedures? What was the status of the current review process and the adoption of the code for the family?  What training was provided to those in the administration of justice to intervene in cases of child marriage?  The situation surrounding widows were very precarious, and they were not covered by the law.  What awareness raising activities were being undertaken to eradicate discriminatory practices against widows?  When would the new legal provisions be ready? 

    Responses by the Delegation 

    The delegation said there were several provisions within the Mouébara Act which focused on the rights of widows, ensuring they could not be thrown out of the home. Efforts were also being undertaken to make women more aware of their rights, so they could invoke the Act. The State was reviewing legal instruments, including the Family Code, which would take into account the Committee’s concerns.  There could be no official marriage which was just a customary marriage; however, steps were taken to ensure customary marriage was protected in law.  The Mouébara Act addressed discrimination while the State was waiting for the new codes to be adopted. 

    A review of several codes was being carried out.  Since 2022, the law relating to the Penitentiary Code was published.  The Committee’s concerns would be taken into account as this work continued. 

    Today everyone understood across the country that widows should be left alone, that their succession rights needed to be ensured, and that children should stay with their mothers. 

    Closing Remarks

    NAHLA HAIDAR, Committee Chair, said the Committee was impressed by the number of legal initiatives and texts being developed by the State party and the work being undertaken on the ground to translate those texts into something real. The Committee was grateful for the dialogue which had helped the Experts better understand the situation of women and girls in the Republic of the Congo.

    INÈS BERTILLE NEFER INGANI VOUMBO YALO, Minister for the Promotion of Women, Integration of Women in Development and Informal Economy of the Congo and head of the delegation, thanked the Committee for the efforts and the constructive dialogue. The Republic of the Congo had carried out many efforts to protect the rights of women, particularly the Mouébara Act, which was innovative and binding and was a first in Africa.  The State was proud of this law, which filled the existing legal gaps relating to specific protection and took into account the definition of all forms of violence.  The Republic of the Congo was committed to moving forwards to improve the wellbeing and rights of women. 

     

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CEDAW25.008E

    MIL OSI United Nations News

  • MIL-Evening Report: Removing babies is still harming First Nations families, almost two decades after the apology to Stolen Generations

    Source: The Conversation (Au and NZ) – By Sam Burrow, PhD candidate, School of Population and Global Health, The University of Western Australia

    Belinda Howell/Getty Images

    Today marks 17 years since the apology to Australia’s Indigenous peoples for the forced removal of Aboriginal and Torres Strait Islander children from their families between the mid-1800s and 1970s.

    Yet, communities and researchers are concerned that child protection systems are creating “another stolen generation” and a “crisis in infant removals”.

    Statistics tell us Indigenous children are 11 times more likely to be removed by child protection systems than non-Indigenous children. Indigenous babies aged under one are at greatest risk.

    But beyond the data, what do parents tell us about this experience?

    Our recent study reviewed all the studies available about child protection processes in the perinatal period (during pregnancy and the year following birth) in Australia and across the world.

    We looked at parents’ experiences across the board, with a special interest in whether First Nations families had been included in existing research.

    What we already knew

    Whistleblowers, including a former Aboriginal family support officer, have reported distressing child protection processes, including the removal of babies immediately following delivery.

    Families that interact with child protection systems often already face multiple and complex forms of adversity. This can include poverty, homelessness, racism, intergenerational trauma, family violence, disability, mental illness, substance use and incarceration.

    The perinatal period offers a unique window for early intervention and family support to reduce the risk of removal.

    This could involve greater help accessing suitable housing and addressing family violence, and enhancing access to health care that is culturally safe and trauma-informed, before and after birth.

    What we found

    Our systematic review examined 24 studies about child protection services becoming involved with families during pregnancy and the first year after birth. This included research from Australia, the United Kingdom, Canada, the United States, New Zealand and Sweden.

    We looked at what parents told researchers about their experiences and found striking similarities, regardless of where they lived.

    Globally, there were comparatively few studies including First Nations families. But both Indigenous and non-Indigenous parents reported punitive processes that had an enduring impact on the health and wellbeing of the parent and family.

    They also agreed that early, transparent, compassionate and culturally appropriate support was required to address their needs. These included legal support to understand court processes, as well as being able to access health care without fear it could lead to removal.

    Four themes emerged from these lived experiences. Here, we’ve included the voices of Aboriginal mothers who participated in a 2023 Australian study to illustrate the importance of these issues to Indigenous families.

    1. A lack of support before and after removal

    Parents often found the birth of their babies life-changing. However many believed child protection services didn’t adequately understand their experience or inform and support them at this time.

    Mothers felt confused and overwhelmed, experiencing symptoms of post-traumatic stress disorder and enduring grief following the removal of their babies.

    Bridget*, an Aboriginal mother, told researchers:

    There is no support… I think they should help towards improving family and helping family before taking a child away. It should be the absolute last option.

    Mothers were left confused and grieving after removals.
    Solstock/Getty Images

    2. Devastating impact on relationships and wellbeing

    Mothers often felt isolated and described negative interactions not only with child protection workers but also partners and families.

    Fear of removal also prevented mothers from seeking antenatal care or professional support services, further compromising health and wellbeing.

    Stacey said:

    You have to do what they want; they control everything… who you hang out with, what you do […] There is no fixing the family… What they say goes or they take your kids.

    3. Feeling powerless in the system

    Many mothers had been in care themselves. They felt unfairly punished, because it was assumed they would not be capable parents due to past and present trauma.

    First-time parents felt especially powerless to prove their parenting capacity.

    Stacey said removing a baby from a first-time mum causes

    a lot of stress and impact on everyone involved… It’s causing a lot of pain… give us the chance to be with our child to build that bond first.

    Parents described surveillance framed as support, a lack of professional transparency, and often unexpected and acutely painful removals.

    4. Harmful judgements and stereotypes

    Insufficient support for poverty and homelessness before removal made it impossible to meet child protection requirements.

    A mother who was homeless at the time her baby was removed said:

    We had got secure accommodation with family. […] We weren’t doing any drugs; we were on the methadone… we had a caseworker…

    They led us to believe we’re keeping her… [then] they handed me a piece of paper and said, “We’re taking your baby”. I was in shock… I felt like I was ambushed.

    Parents with complex health issues also felt judged according to negative stereotypes and traditional, white, middle-class standards.

    Some parents lost welfare entitlements and housing because babies had been removed, compounding their difficulties.

    Some mothers felt ambushed by the process.
    New Africa/Shutterstock

    Where to from here?

    In Australia, current Indigenous-led research and the work of Aboriginal state, territory, and national children’s commissioners is critical to guiding the development of support for families to stay together and thrive.

    Parents and researchers are united about the immediate need for child protection systems to:

    • provide early and sustained family-centred support during pregnancy and beyond
    • address families’ practical and material needs, including poverty and homelessness
    • train professionals to reduce power imbalances and build trusted relationships
    • offer trauma-informed and culturally matched support services
    • provide immediate and ongoing mental health support if babies are removed.

    Renna (a co-author on this article and also a proud Walbunja woman from the Yuin Nation, academic and social worker) reflects on the removal of her baby not long before the apology.

    Eighteen years later, I know we will never feel whole, left with empty arms, a life stolen, the shadow festers and grows.

    Special thanks to our review co-authors Melissa O’Donnell, Lisa Wood, Colleen Fisher and Renée Usher, our expert advisory group, the Stan Perron Charitable Foundation and the original participants and researchers whose primary studies made our review and this article possible.

    *Names have been changed for privacy.


    If this article has raised issues for you, or if you’re concerned about someone you know, call Lifeline on 13 11 14. 13YARN is a free and confidential 24/7 national crisis support line for Aboriginal and Torres Strait Islander people who are feeling overwhelmed or having difficulty coping. Call 13 92 76.

    Sam Burrow receives a PhD scholarship from the Stan Perron Charitable Foundation.

    Renna Gayde is affiliated with SAFeST start coalition, a stream of the Replanting the Birthing Trees Project.

    ref. Removing babies is still harming First Nations families, almost two decades after the apology to Stolen Generations – https://theconversation.com/removing-babies-is-still-harming-first-nations-families-almost-two-decades-after-the-apology-to-stolen-generations-249353

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Do parties win elections because of their leaders, or in spite of them? History shows it’s a bit of both

    Source: The Conversation (Au and NZ) – By Pandanus Petter, Postdoctoral Research Fellow, School of Politics and International Relations, Australian National University

    The upcoming federal election will see the incumbent Labor prime minister, Anthony Albanese, face off against Liberal opposition leader, Peter Dutton. We’ll likely see a strong focus on the personal qualities and performance of the two leaders.

    We tend to think a popular leader can win an election for their party while an unpopular one can lose it. Much of the commentary on the Coalition’s 2022 election loss, for example, centred on the widespread dislike of Scott Morrison.

    But how much do party leaders actually affect their party’s vote share, and ultimately, the outcome of an election? We looked at 40 years of opinion polling to find out.

    Our research

    Opinion polls in Australia have been conducted since the 1940s, but it was not until the 1980s that they began to regularly ask questions about leader satisfaction and voting intention. In recent decades, the proliferation of polls has seen a greater consistency in question wording and protocols.

    We have been analysing the polling data on government popularity and responsiveness in Australia. This enables us to track and compare leaders over an extended period.

    We’ve crunched the numbers on voter intention and leader satisfaction from September 1985 until December 2024.

    We can cross-reference these statistics to show which prime ministers and opposition leaders were a net benefit to their party (more popular than their party overall) and which were a net drag (less popular than their party).

    Prime ministers: who helped and who hindered?

    By this measure, the prime minister who provided the most electoral benefit to their party was Kevin Rudd between 2007 and 2010.

    Rudd achieved some of the highest levels of voter satisfaction recorded since the early Bob Hawke years, averaging 60% satisfaction, a 14-point net benefit for his party.



    His popularity declined considerably just before his replacement by Julia Gillard in 2010, and never fully recovered when he became prime minister again in 2013.

    John Howard ranks second, with Morrison and Albanese (so far) sharing third place in terms of satisfaction. However, there’s a larger difference between Albanese’s personal popularity and his party’s vote intention.

    Morrison’s tenure in office was skewed by the COVID pandemic, which saw a “rally around the flag” effect, seeing a spike in voters’ trust in government.

    Paul Keating comes at the bottom of the list. His personal popularity trailed his party’s by eight percentage points on average, with an upset victory in 1993 not enough to win over the public to defeat a resurgent Howard in 1996.

    Similiarly, Tony Abbott, although party leader when the Coalition returned to power after the Rudd-Gillard-Rudd years, was consistently less popular than his party – by seven points in opposition and four as prime minister.

    What about opposition leaders?

    Among opposition leaders, Rudd again tops the list. He was more popular than Labor overall in the year prior to winning the election in December 2007, peaking at 65.5% satisfaction.

    Mark Latham comes in second, perhaps surprisingly. This is due, at least in part, to the unpopularity of the Coalition government at the time.

    The opposition leader who represents the greatest drag on their party was Andrew Peacock in the late 1980s, in what was his second incarnation as Liberal leader.



    Overall, prime ministers have a greater impact on their party’s fortunes than opposition leaders. This is expected as incumbency has advantages, with prime ministers usually given more opportunity for media attention, greater recognition with the public, and hopefully a record of achievements in government to point to.

    Prime ministers register a net gain to their party of about four percentage points, compared with minus three points for opposition leaders.

    Labor leaders show a net gain to their party of two points, compared to minus four points for their Liberal counterparts.

    The personalisation of politics

    Since at least the 1970s, political leaders have attracted increasing attention in democratic elections around the world.

    This trend has not been restricted to countries with presidential systems, such as the United States. It’s also playing out in parliamentary systems such as Australia’s and the United Kingdom’s. This is despite the fact voters elect local members to parliament, rather than voting for the prime minister directly.




    Read more:
    Strong political leaders are electoral gold – but the trick is in them knowing when to stand down


    This profound shift in democratic politics has been based on several social changes.

    First, the rise of television, and more recently social media, has provided the visual images that direct voters’ attention towards the leader.

    While television’s heyday has passed – in both the 2019 and 2022 elections, the Australian Election Study surveys show more people followed the election on the internet than on television – visual images of the leaders dominate the media, both traditional and social.

    Second, party de-alignment has seen voters moving away from their traditional party loyalties, with the personalities of the leaders filling this gap.

    In the 1960s, around one in ten voters said they did not identify with a party, compared with one in four in the 2022 election.

    Third, the unprecedented expansion in university education has produced critical voters who are more volatile in their voting than any groups in the past.

    One factor that can sway their vote is policies, but another is the leader they find most competent.

    What does this mean for the next election?

    For Australian voters, leaders matter, rightly or wrongly, for evaluating the performance of a government and choosing which party to vote for.

    As we close in on an election in 2025, voters will be looking to Albanese and Dutton. In the chart below, we can see that while on average Dutton has been only marginally beneficial for his party compared with Albanese, this gap has narrowed in the latter half of 2024.



    Although Albanese started at a historically very strong position, it appears his popularity began to decline in May 2023. The defeat of the Voice to Parliament Referendum in November sped up the decline.

    Dutton received a short-term boost after the result, after which his popularity declined and then has steadily built over time. Current projections indicate the next election will likely be close-run.

    It also appears the two current leaders, whatever their other merits, have fallen short of the levels reached by the most popular prime ministers and opposition leaders of the past.

    Albanese’s early popularity has waned, while the Coalition and Dutton’s fortunes rise in step with one another.

    This reflects a return to a normal vote share for the party after their loss in 2022. While it may prove problematic for the government, it doesn’t necessarily indicate a meteoric increase in Dutton’s personal popularity.

    Pandanus Petter is employed at the Australian National University with funding from The Australian Research Council.

    Ian McAllister receives funding from the Australian Research Council.

    ref. Do parties win elections because of their leaders, or in spite of them? History shows it’s a bit of both – https://theconversation.com/do-parties-win-elections-because-of-their-leaders-or-in-spite-of-them-history-shows-its-a-bit-of-both-248868

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: To achieve real growth, the NZ government needs to relax the rules around housing

    Source: The Conversation (Au and NZ) – By James Graham, Senior Lecturer in Economics, University of Sydney

    Ufuk Zivana/Shutterstock

    Prime Minister Christopher Luxon wants New Zealand to “go for growth”.

    But his plan, focused on reforming foreign investment, planning and competition laws, as well as boosting the tourism and mining sectors, is hampered by a fundamental reality of New Zealand’s economy: much of the country’s capital is tied up in unproductive (and expensive) housing.

    While this issue is not new, with New Zealand’s economy once described as “a housing market with bits tacked on”, the solution may lie in making housing more readily available through deregulation and policy reform. This would free up capital for drivers of growth such as infrastructure and business investment.


    Pie chart of household capital allocation.
    Household capital allocation March, 2021. Data source: RBNZ Household Balance Sheet.
    Author provided

    The temptation of housing

    Rapidly growing house prices over the past two decades have provided strong incentives to direct investment to the housing market.

    On average, the price of a typical house has grown by around 8% per year, far outpacing household income growth. For example, in 2005 the median house price was roughly five times the average household income. By the middle of the pandemic house values had ballooned to nine times the average income.

    Soaring prices have made residential investment extremely profitable for a long time. This means savings and investments have tended to flow into residential property rather than other productive sectors of the economy.

    Constraints on housing supply

    The problem is that in recent decades additional residential investment has not led to a substantial increase in new homes.

    Local and central government rules and regulations have long hampered the construction of new houses. Instead, more investment in real estate has generally led to even higher prices.

    As concerning as this is, it does not mean investments in housing have been misplaced. Rather, high prices and profits are what the market required in order to encourage those willing to build (few that there are) despite the costs, delays and uncertainties associated with bureaucratic battles with councils, planners and local NIMBY groups.

    Banning property speculation might have kept prices down and reallocated investment to other productive uses. But in the absence of those speculators, the supply constraints would not have been any looser. Lower prices mean lower returns over building costs, leading to even fewer houses built.

    Shifting capital out of the housing market in this way would not have benefited the country – we might have produced more and goods and services but fewer homes in which to live.

    Chirstopher Luxon speaks in parliament.
    Christopher Luxon is pushing forward his plan for growth focused on reforming foreign investment, planning and competition laws, as well as boosting the tourism and mining sectors.
    Hagen Hopkins/Getty Images

    Reforming housing supply

    Fortunately, New Zealand has made meaningful progress on housing supply recently. For example, Auckland and Lower Hutt changed zoning laws in the 2010s making it easier to build, and Wellington City has recently followed suit.

    These changes have led to local construction booms and, crucially, lower house prices and rents.

    More recently, central governments of both stripes introduced policies like the National Policy Statement on Urban Development, Medium Density Residential Standards, and housing growth targets for local councils.

    These reforms make it easier to build, reduce house prices and mean less investment capital is required for each new house built. So these policies have the dual benefit of improving housing affordability and freeing up capital for other productive sectors of the economy.

    As prices come down, New Zealanders will no longer need to pour nine times their income into a home.

    That will free up funds for investments in new bridges and tunnels, small businesses, and exciting new startups that will help drive innovation and generate the long-run growth we seek.

    New Zealand need not give up its housing dreams in order to get business moving. Rather, it can do both.

    All that requires is for local and central government to continue to let people build the housing they want so that we can free up the capital our infrastructure and businesses need.

    The Conversation

    James Graham has received research funding from the Australian Housing and Urban Research Institute and is a member of Sydney YIMBY.

    ref. To achieve real growth, the NZ government needs to relax the rules around housing – https://theconversation.com/to-achieve-real-growth-the-nz-government-needs-to-relax-the-rules-around-housing-249000

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: Many Canadian households are being shortchanged from retrofit programs — this needs to change

    Source: The Conversation – Canada – By Kareman Yassin, Assistant Professor, Hitotsubashi University

    Canada has set an ambitious goal to reduce greenhouse gas emissions by 45 to 50 per cent below 2005 levels. This puts pressure on the residential and commercial building sector, which is responsible for about 18 per cent of national greenhouse gas emissions, to help meet this target.

    Since most of Canada’s 16 million homes are expected to still be in use by 2050, the path to net-zero requires upgrading existing homes, not just constructing new net-zero ones.

    To address this, retrofit programs that improve home energy efficiency have become one of Canada’s main strategies to cut emissions in the housing sector. These programs focus on upgrades like air sealing, enhanced insulation, upgrading heating and cooling systems and installing energy-efficient windows and doors.

    But do these programs deliver on their promises of lower bills and reduced carbon emissions? Our recent study, forthcoming in Energy Economics, examined the outcomes of the federal ecoENERGY home retrofit program, a predecessor to the Greener Homes Initiative.

    Our findings shed light on where the program succeeded, where it fell short and what this all means for Canadian families and policymakers moving forward.

    Real-world energy savings

    Our study analyzed a decade of monthly electricity and natural gas consumption data from Medicine Hat, Alta., where residents participated in the federal ecoENERGY retrofit program that was in place between 2008 to 2012.

    We found that households undertaking comprehensive envelope retrofits — which includes insulation and air sealing — reduced their total energy use by an average of 25 per cent per household. Natural gas usage dropped by 35 per cent on average for these same households, and these savings lasted for at least 10 years after the retrofit.

    This suggests that such retrofits hold promise for meaningful, long-lasting energy reductions, especially for home heating, which makes up a large part of residential energy use in Canada.

    However, our study found that homes achieved only about 60 per cent of the predicted savings projected in pre-retrofit estimates. While measures like air sealing and attic and wall insulation were relatively effective, other upgrades, such as basement insulation and energy-efficient windows, showed zero effect on energy use.

    This gap between projected and actual savings suggests that the estimates shown to households during pre-retrofit audits might be overestimating the benefits. This could leave families with lower-than-expected savings on their energy bills after making significant financial investments. These findings align with similar studies in the United States and Europe, where realized energy savings hover at around 60 per cent of pre-retrofit projections.

    Despite this gap, there are promising opportunities for low-cost, high-return investments. Our research suggests that relatively cheap measures like air sealing generate high returns. Adopting electric heat pumps and fuel switching also show promise for delivering both energy savings and reductions in greenhouse gas emissions.

    The need for broader participation

    Our study also revealed significant gaps in program access and the distribution of benefits. Although the ecoENERGY program was available to all Canadian households, participation was highest among families of mid-valued houses.

    Participation among families in lower-valued houses was disappointingly low: about four per cent of the families in lowest-valued houses took part, even though they stood to benefit the most from reduced energy bills. Homes in our study saw bill savings ranging from eight to 17 per cent, based on a comparison of their actual consumption before and after the retrofit. The highest savings were observed in homes with assessed values of $100,000.

    Middle-valued homes with the highest retrofit program participant rate tended to save the least amount of money; this group had average gas bill reductions of approximately 10.5 per cent.

    The maximum amount that could be claimed under the ecoENERGY program was $5,000, yet the average rebate received was $1,100. This disparity not only limited the program’s potential to reduce emissions on a large scale, but also means Canada’s current approach to energy retrofits may be missing an opportunity to improve energy affordability for those who need it most.

    Room for improvement

    Energy-saving retrofits have significant potential, but current prediction models often overestimate the savings homeowners can achieve. Improving these models could allow homeowners to make better-informed choices, leading to greater efficiency and improved household welfare.

    Upfront costs also remain a significant barrier, particularly for lower-income families. Many cannot afford the upfront expenses associated with retrofitting their homes. Expanded financial support, such as rebates or no-interest loans, may provide much-needed support necessary to allow more households to participate, and more research is needed to evaluate how best to incentivize household participation.

    Another major challenge is a lack of awareness. Many Canadians are unaware of the benefits of deep retrofits. Public awareness campaigns, possibly delivered in collaboration with community organizations, may also help educate homeowners on the long-term value of retrofits and make the process more accessible and appealing.

    Our project is the first in Canada to use detailed household-level data to assess energy savings from retrofits in houses of various values. We were able to achieve this through partnerships between academia, utilities and the federal government. Such collaborations are crucial for advancing research that informs effective policies and programs.

    As Canada advances toward net-zero emissions by 2050, energy-efficient housing should remain central to its climate strategy. Achieving sustainable progress in this area will require retrofit programs that deliver on their promises by enhancing household welfare, addressing energy affordability and ensuring continued public support.

    Maya Papineau receives funding from Social Sciences and Humanities Research Council and the National Science and Engineering Research Council and the National Research Council of Canada.

    Nicholas Rivers receives funding from the Social Sciences and Humanities Research Council and the National Science and Engineering Research Council. He is affiliated with the Canadian Climate Institute.

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

    ref. Many Canadian households are being shortchanged from retrofit programs — this needs to change – https://theconversation.com/many-canadian-households-are-being-shortchanged-from-retrofit-programs-this-needs-to-change-236388

    MIL OSI – Global Reports