Category: Taxation

  • MIL-OSI: Prospect Capital Corporation Hosting Upcoming Webinar: “Medium Term Notes – Senior Position and Attractive Income”

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) — Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) is pleased to host an upcoming webinar for financial professionals titled “Medium Term Notes – Senior Position and Attractive Income”. The webinar will provide attendees an overview of senior unsecured bonds, medium term notes, and how a portfolio can benefit from programmatic bonds through attractive contractual cash income streams, optionality across sizes and maturities, and a laddered approach to building a bond portfolio. Please join us for the presentation on April 14, 2025 at 1:00pm ET. Registration is available here. This webinar is accepted for 1 CFP® / IWI / CFA CE Credit.

    Prospect and its affiliates are hosting the third webinar of its ongoing investor education series alongside RIA Channel, a provider of educational investment content and events for the largest financial advisor community in the industry. Please find additional information on RIA Channel at www.riachannel.com.

    About Prospect Capital Corporation
    Prospect is a business development company lending to and investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

    Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.

    Caution Concerning Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.

    For further information, contact:
    Grier Eliasek, President and Chief Operating Officer
    grier@prospectcap.com
    Telephone (212) 448-0702

    The MIL Network

  • MIL-OSI United Kingdom: Greens call on PM to “take tax cuts for billionaires” off the negotiating table

    Source: Green Party of England and Wales

    Responding to reports that the Prime Minister is considering tax cuts for Musk, Bezos and other tech billionaires as part of his negotiations with President Trump, Green Party Co-Leader, Adrian Ramsay MP said,

    “I’m calling on the Prime Minister to take this morally reprehensible suggestion off the negotiating table. The very idea that he would cut tax obligations for some of the biggest companies in the world, controlled by some of the very richest people in the world, in an effort to appease President Trump is an insult to each and every person struggling to get by at the moment. The Prime Minister has made much of “the hard choices” he has had to make: cutting winter fuel allowance to our elderly, removing benefits from disabled people, capping child benefits, and taking huge chunks out of the international aid budget. These decisions, which are awful in isolation, are morally deplorable in the context of offering tax cuts to the likes of X, Amazon and other big tech companies. 

    He continued, “The crisis in our public finances is partly caused by corporations free riding on public services but avoiding paying their taxes. This is how the US tech billionaires have accumulated such excessive fortunes. The Digital Services Tax is a first step towards fair taxation of digital companies that dominate the global economy.”

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Acting Traffic Commissioner for Scotland appointed

    Source: United Kingdom – Executive Government & Departments

    Press release

    Acting Traffic Commissioner for Scotland appointed

    The Secretary of State for Transport has appointed Richard Turfitt as Acting Traffic Commissioner for Scotland.

    This appointment is a temporary measure pending the recruitment of a full time Traffic Commissioner for Scotland. This recruitment campaign is currently underway.

    This appointment ensures that Scotland is supported by a dedicated Traffic Commissioner for devolved matters.

    Mr Turfitt has already been covering the jurisdiction in his current capacity as Deputy Traffic Commissioner for Scotland and Senior Traffic Commissioner since the resignation of the previous Traffic Commissioner for Scotland. He will continue to be supported in this role by deputy traffic commissioners.

    The role of the traffic commissioners

    Traffic commissioners are responsible for the licensing and regulation of bus, coach and goods vehicle operators, and registration of local bus services. Where appropriate, they can call operators to a public inquiry to examine concerns about vehicle and driver safety.

    They also deal with professional drivers at conduct hearings.

    Matters related to local bus services is devolved to the Scottish Government. The Traffic Commissioner for Scotland is also uniquely responsible for Taxi Farescale appeals.

    For any further details or enquiries, please Email: pressoffice@otc.gov.uk

    Updates to this page

    Published 9 April 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Flooding Along the Mississippi

    Source: NASA

    After unleashing dozens of destructive tornadoes, a slow-moving storm system dumped heavy rain across the U.S. Midwest and Southeast in early April 2025. In some areas, 10-15 inches (25-38 centimeters) fell between April 1 and 6. According to hydrograph data from the National Weather Service, the rain fueled major floods on several tributaries of the Mississippi River, particularly within the Ohio River watershed in Kentucky, Illinois, and Indiana, and along the Black River and White River in Arkansas.
    A break in the clouds on April 7, 2025, revealed to satellites the widespread flooding that spanned several states. The image above (right) was acquired by the VIIRS (Visible Infrared Imaging Radiometer Suite) on the NOAA-21 satellite. The other image, also acquired by VIIRS, shows the same area before the deluge.
    Both images were assembled from false-color data using a combination of infrared and visible light (VIIRS bands M11-I2-I1). Floodwater appears navy or black; vegetation is bright green; and bare ground is brown. This band combination makes it easier to spot changes in river dimensions.
    Western Kentucky was particularly hard hit, according to news reports. In Frankfort, floodwater destroyed dozens of homes as the Kentucky River rose to 48.27 feet (14.71 meters) on April 7, the second-highest level on record. Floods swamped many buildings downtown, as well as America’s oldest continuously operating distillery and part of a water treatment plant.
    Though rain in the region has stopped and flooding on some rivers has crested, forecasts from the National Weather Service show that water levels on the Mississippi River will continue to rise in the coming days as water works its way downstream through networks of lakes, reservoirs, and rivers in the region.
    While scientists and water managers use many types of data to anticipate flooding, they have a relatively new source of information from the SWOT (Surface Water and Ocean Topography) satellite. Since early 2023, this NASA-CNES satellite has been measuring the height of nearly all water on Earth’s surface at least once every 21 days, including in the Ohio River Basin.
    With this information, researchers are developing new ways to incorporate SWOT data into the National Oceanic and Atmospheric Administration’s National Water Model, which predicts the potential for flooding and its timing along U.S. rivers. SWOT data can help fill in spatial gaps in observations from ground-based water gauges, improve estimates of streamflow, and help quantify how much water lakes and reservoirs can store in ways that will help scientists build better flood models.
    NASA’s Disasters Response Coordination System has been activated to support federal partners in the identification of damage, flooding, and landslide risks following the severe weather in the southern U.S. The team will be posting maps and data products on its open-access mapping portal as new information becomes available.
    NASA Earth Observatory images by Wanmei Liang, using VIIRS data from NASA EOSDIS LANCE, GIBS/Worldview, and the Joint Polar Satellite System (JPSS). Story by Adam Voiland.

    MIL OSI USA News

  • MIL-OSI: Bilibili Publishes 2024 Environmental, Social and Governance Report

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, April 09, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that it has published its 2024 Environmental, Social and Governance (“ESG”) Report, available on the Company’s investor relations website at http://ir.bilibili.com. The initiatives and achievements outlined in the report demonstrate Bilibili’s long-standing dedication to creating social value and sustainable development that benefits its users, content creators, employees, partners and other stakeholders.

    “Bilibili strives for more than just commercial success. We are also deeply committed to creating lasting social value,” said Mr. Rui Chen, chairman and CEO of Bilibili. “We uphold high ESG standards in every aspect of our work, from corporate governance to daily operations. Collaborating closely with our content creators, employees, suppliers and partners, we will continue fostering an engaging ecosystem with quality content, driving industry progress through tech and content innovation, spreading positive energy and making a meaningful social impact.”

    Bilibili’s 2024 ESG report provides the Company’s stakeholders with a transparent view of its operations and governance structure, as well as its initiatives supporting positive social change. The report covers content ecosystem enhancement, tech innovation, community engagement, minors’ protection, cybersecurity and privacy protection, content creator and supplier empowerment, talent development, environmental protection, charitable activities, positivity advocacy, corporate governance and more.

    Bilibili’s 2024 ESG Highlights:

    1. Content Ecosystem & User Community

    Bilibili consistently expands its vibrant content ecosystem and refines its cybersecurity measures, offering users a reliable space to explore the content they love. To keep its ecosystem thriving, the Company continuously enhances its product offerings and explores AI applications to optimize user experience, empower content creators and create community value. In 2024:

    • Daily active users approached 104 million, each averaging 102 minutes of daily time spent on the platform.
    • More than 5.1 billion average daily video views were generated, up 19% year over year, with an average of over 40 million users watching consumption-related content each day.
    • Over 90% of Bilibili businesses had received ISO Information Security Management System Certifications.

    2. Content Creator Empowerment

    Supporting content creators is at the heart of Bilibili’s mission. The Company offers content creators a suite of creative tools, strong operational support and diverse monetization opportunities, empowering them to bring their ideas to life, engage with their fans and turn their passion into sustainable success. In 2024, Bilibili:

    • Was home to approximately 4 million monthly active content creators, and nearly 3.1 million content creators earned income via various commercial channels on Bilibili.
    • Helped content creators increase their income through advertising and value-added services by 21% year over year.
    • Curated “Bilibili 2024 UP100” to celebrate the Top 100 Content Creators, nearly 90% of whom have generated content on Bilibili for over five years.

    3. Talent Nurturing and Governance

    Bilibili deeply appreciates its employees’ dedication and is committed to fostering a workplace where talent thrives by investing in employees’ career growth and development. The Company is also committed to business integrity, continuously refining internal governance and risk control under a solid management framework. In 2024, Bilibili:

    • Covered 100% of full-time employees with its comprehensive employee benefits system.
    • Provided multiple training programs to employees, with an average training duration of 35 hours per person.
    • Had no monopoly, extortion, unfair competition or money laundering incidents occur in the Company.

    4. Industry Cultivation

    Bilibili promotes openness and inclusivity, driving sustainable growth across the supply chain, supporting original content creators and their work, and collaboratively building a dynamic open-source community. In 2024, Bilibili:

    • Cumulatively aired more than 640 Chinese anime titles and distributed 98 overseas, expanding the domestic anime industry’s reach.
    • Produced over 170 documentaries and cumulatively aired more than 5,000 documentaries, providing a stage for knowledge-based content to shine.
    • Engaged in more than 60 technology sharing sessions and collaborated with industry partners to build an open-source ecosystem, driving industry-wide progress.

    5. Social Endeavors and Spreading Positive Energy

    Bilibili actively champions social causes and spreads positive energy through quality content, using its platform to raise awareness and drive meaningful change. Bilibili has:

    • Cumulatively launched 101 projects on the Bilibili Charity Platform, inspiring more than 1.07 million users to donate over RMB27 million by the end of February 2025.
    • Helped build 7 rural primary schools, with 7,195 rural students enrolled as of the end of 2024.
    • Granted a total of RMB1.29 million via the Bilibili Happy Scholarship to special enrichment programs by the end of 2024.
    • Engaged a daily average of over 15 million users with science and technology content, fostering a vibrant learning environment.
    • Delighted the platform’s 220 million users with professional knowledge.

    6. Green Philosophy

    Bilibili cares deeply about climate change and embraces its role in protecting the global environment. The Company integrates “green” principles throughout its operations while leveraging its content library to inspire and educate users on environmental protection. In 2024, Bilibili:

    • Further optimized its average actual PUE across all leased data centers.
    • Raised public awareness on environmental protection-related topics, generating 25.3 billion relevant video views, up 100% year over year.
    • Conducted research on employee commuting and business travel to further advance its Scope 3 carbon emissions assessment, examining and analyzing the Company’s carbon footprint.

    The Company’s 2024 ESG report is available in both Chinese and English. To promote environmental conservation, we encourage you to access the electronic version available on the Company’s investor relations website at http://ir.bilibili.com and the HKEX’s website at http://www.hkexnews.hk.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: +86-21-2509-9255 Ext. 8523
    Email: ir@bilibili.com 

    Piacente Financial Communications
    Helen Wu
    Tel: +86-10-6508-0677
    Email: bilibili@tpg-ir.com 

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    Email: bilibili@tpg-ir.com 

    The MIL Network

  • MIL-OSI USA: Congresswoman Ramirez Demands Secretary Noem Resign

    Source: United States House of Representatives – Representative Delia Ramirez – Illinois (3rd District)

    Congresswoman Ramirez’s demand that Secretary Noem step down came after a visit to the southern border, where she saw children facing immigration processing without lawyers

    Washington, DC— Today, Congresswoman Delia C. Ramirez (IL-03) demanded Homeland Security Secretary Kristi Noem resign immediately, given her abuse of the Department’s power and authority to pursue a campaign of persecution, mass incarceration, and deportation. After a press conference with Congresswomen Rep. Nydia Velázquez (NY-07) and Rashida Tlaib (MI-12) and human rights advocates, Ramirez sent the letter to the Secretary, outlining the violations of rights and criminal actions Noem has allowed.

     

    “Since your appointment, you have disregarded the authority of Congress, the rule of law, the constitutional rights of residents, the courts, due process, and every check and balance that protects us from authoritarianism,” wrote Congresswoman Ramirez. “Under your supervision, DHS has irreversibly harmed Americans. You have exploited your position to weaponize enforcement to detain, deport, and violate people. Your shameful actions have also left children and women vulnerable and without counsel. You have wasted millions of taxpayer dollars to run anti-immigrant campaigns and illegally detain people in offshore prisons without due process. Your intentional criminalization of immigrants and dissenting voices against your deplorable acts threaten the foundations of our democracy.”

    During the press conference that pre-coursed the letter, Congresswoman Ramirez outlined that Americans have paid more than just the human price for Noem’s criminal actions. Taxpayers have also paid $200 million for an anti-immigrant ad campaign, $46 million to illegally detain people in off-shore prisons, and more than $300 million to militarize and end parole and due process at our borders.

    In the letter, Congresswoman Ramirez, a member of the Homeland Security Committee, explains that she has tried on multiple occasions to receive answers from Noem, but those efforts have gone unanswered. “I cannot allow you to continue to violate the rights of the people, undermine due process, and misuse our resources. You are one of the greatest threats to our national security,” continued the member. 

    For the full text of the letter, CLICK HERE

    For photos of the press conference, CLICK HERE

    For a live of the press conference, CLICK HERE

    MIL OSI USA News

  • MIL-OSI United Nations: Moldova encouraged to implement findings of Polish-funded critical infrastructure resilience project

    Source: UNISDR Disaster Risk Reduction

    The final meeting of UNDRR’s Polish Aid-funded “Strengthening Critical Infrastructure Resilience in the Republic of Moldova” project called on the government and development partners to take action to protect critical infrastructure from growing disaster risks.

    The United Nations Office for Disaster Risk Reduction (UNDRR) and the Ministry of Infrastructure and Regional Development (MIRD) hosted a meeting to present the final findings of the project, gathering key stakeholders, including Secretaries of State from MIRD and other government ministries, the Polish Ambassador, the UN Resident Coordinator, UN agencies, development partners, and international financial institutions.

    Launched in July 2024 with financial support from the Government of Poland, the project applied a global methodology developed by UNDRR and the Coalition for Disaster Resilient Infrastructure to assess the resilience of Moldova’s critical infrastructure, focusing on energy, ICT, transport, and water sectors. Moldova became the first country in Europe and Central Asia to adopt this approach, which has been implemented in Asia-Pacific, Africa, and Latin America.

    Moldova is highly vulnerable to natural hazards such as floods, storms, and droughts, as well as broader impacts of climate change. These risks pose significant threats to critical infrastructure, which is vital for providing essential services and supporting key economic sectors.

    The final meeting in Chisinau brought stakeholders together to advance the risk-informed recommendations from the project’s national roadmap report, aimed at strengthening Moldova’s resilience across sectors and governance levels.

    The roadmap report examines vulnerabilities in critical infrastructure systems against disaster risks, highlighting systemic and cascading impacts, as well as interdependencies during disruptions. It identifies gaps and proposes improvements in policies, regulations, and their implementation, along with areas for enhanced coordination across sectors and governance levels. The report outlines cross-sectoral and sector-specific Resilience Action Plans, balancing short-term preparedness with long-term strategies, aligning with Moldova’s National Disaster Risk Reduction Strategy and the EU National Accession Programme.

    Mr. Corneliu Cirimpei, the State Secretary of the Ministry of Infrastructure and Regional Development said that “effective disaster risk management in Moldova is currently focused more on response, rather than on proactive disaster risk reduction measures, and therefore there is a significant opportunity in updating and harmonizing the regulatory framework to strengthen preparedness and ensure the continuity of essential services in the face of disruptions.

    H.E. Tomasz Kobzdej, Ambassador Extraordinary and Plenipotentiary of the Republic of Poland, underlined the “importance of efforts to strengthen critical infrastructure resilience in the face of complex disaster risks and threats in Moldova”, emphasizing “the linkages of the project recommendations with Moldova’s EU accession process.

    Ms. Yesim Oruc, UN Resident Coordinator in the Republic of Moldova, welcomed “the findings of this comprehensive initiative as a steppingstone for developing both sectoral and cross-sectoral plans to strengthen infrastructure resilience in Moldova”, underlining “the resilience of critical infrastructure systems and the key services as a prerequisite for achieving the Sustainable Development Goals”

    Ms. Natalia Alonso Cano, Chief of the UNDRR Regional Office for Europe and Central Asia, called for a “whole-of-government and multi-stakeholder approach to advance the priority actions identified in the roadmap report, ensuring continuity and coherence across partners in strengthening infrastructure resilience, adding that “UNDRR remains committed to supporting Moldova in building its critical infrastructure resilience across sectors, in alignment with national priorities and global best practices.

    The project was supported by a Technical Working Group co-chaired by UNDRR and MIRD, comprising representatives from six ministries, the State Chancellery, the General Inspectorate for Emergency Situations, and the Agency for Geodesy, Cartography and Cadastre, along with UN agencies and civil society organizations. The initiative included consultations, webinars, and workshops, such as the Stress Test and Resilience Scorecard Workshop held in Chișinău in November 2024, with participation from the European Bank for Reconstruction and Development.

    About the project

    Launched in July 2024 with financial support from the Government of Poland, the “Strengthening critical infrastructure resilience in the Republic of Moldova” employs a global methodology developed by UNDRR and the Coalition for Disaster Resilient Infrastructure to assess the level of critical infrastructure resilience, identify gaps, foster collaboration among key stakeholders, and to formulate an implementation plan to enhance governance and investments in infrastructure resilience, in line with government priorities.

    About UNDRR

    UNDRR is the lead agency in the United Nations on disaster risk reduction. It provides leadership, expertise, and tools to enable countries to understand and act on disaster risks before they become disasters. UNDRR’s work is guided by the Sendai Framework for Disaster Risk Reduction 2015-2030, which aims to achieve a substantial reduction in disaster risk and losses by the year 2030.

    MIL OSI United Nations News

  • MIL-OSI United Kingdom: Overhaul of local audit will restore trust in broken system

    Source: United Kingdom – Executive Government & Departments

    Press release

    Overhaul of local audit will restore trust in broken system

    Road to recovery outlined in new commitments for local audit reform to streamline and fix the fragmented and broken system.

    • Road to recovery outlined in new commitments for local audit reform to streamline and fix the fragmented and broken system
    • Reform will ensure local authorities get their books in order to restore transparency, provide better value for taxpayers and create effective public early warning system
    • And up to £49 million in funding announced to support local authorities in clearing the backlog as part of the Plan for Change

    New reforms to repair the ‘broken’ local audit system will boost taxpayers’ confidence  in council spending and streamline the sector so it’s fit-for-purpose, legal and decent.  

    Today, 16 commitments have been set out to achieve this, including simplifying financial reporting requirements and increasing capacity to avoid reliance on a small number of auditors.  

    The reforms will be backed by up to £49 million of support to help councils clear their backlogs and cover the additional cost of restoring audit assurance. Releasing funds to councils will be reliant on compliance with statutory backstops and linked to the publication of audited accounts and audit fees being paid.  

    In addition, a further £15m of grant was paid to local bodies in March 2025 as part of an existing package to help meet the wider costs of meeting audit requirements and fees. 

    Minister of State for Local Government and English Devolution, Jim McMahon OBE said:

    We inherited a broken local audit system, not fit for purpose, inefficient, fragmented and with a massive backlog.

    Taxpayers’ expect and deserve to have confidence in the way their money is being spent locally.  A functioning local audit system is the bedrock of local transparency and accountability so we are fixing the foundations of local government as part of our Plan for Change.

    We are working in lock-step with local bodies to clear the backlog and move towards a simplified streamlined system.

    The 16 new measures follow an open consultation on the local audit strategy, which attracted hundreds of responses. 

    The measures build on an existing commitment to set up the Local Audit Office as an independent and unified body, which will stop fragmentation in the system by co-ordinating functions spread across different organisations including the Public Sector Audit Appointments Ltd, the National Audit Office and the Financial Reporting Council.   

    These reforms will be crucial to fixing the foundations and bringing long-term stability to local government as committed in the Plan for Change. 

    Further information:

    • Up to £49 million in funding for clearing the local audit backlog will be paid in two stages during 2025/26,  in the form of a non-ring-fenced grant. Allocations will be based on the size of bodies’ audit fees and the number of modified audit opinions received.   Allocations will be reviewed before the second stage of payments in 2025/26 to take into account revised cost estimates.
    • Funding of £15 million for 2024/25 was paid on 31 March  to eligible local government bodies towards the rise in audit fee expenditure. This includes allocations to 537 eligible bodies allocated as a proportion of Public Sector Audit Appointment fee scales.
    • The full government response to the local audit reform strategy consultation can be found on Gov.uk here.
    • Following the 13 December 2024 backstop, the system has taken a significant step forward. The vast majority of bodies (approximately 95%) published audited accounts for all years up to and including financial year 2022/23.
    • While the government has been clear the broken system requires fundamental long-term fixes that cannot happen overnight, decisive and immediate action has already begun. In July, we announced a series of backstop dates to clear the backlog of hundreds of missing and overdue accounts which resulted in 95% of audited accounts being published.

    Updates to this page

    Published 9 April 2025

    MIL OSI United Kingdom

  • MIL-OSI: FUN Token unveils 2025 roadmap to transform gaming into a rewarding digital economy

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) — FUN Token, a pioneer at the intersection of Web3 and gaming, has revealed its ambitious roadmap for 2025–2026, marking a bold new chapter in the evolution of digital entertainment. With a clear mission to revolutionize the gaming landscape, FUN is building a closed-loop, player-first ecosystem where games are more than play—they’re a pathway to real value.

    Gaming is broken—FUN Token is here to fix it

    In a world where players are bombarded with ads and pushed into endless in-app purchases, FUN flips the script. We’re building a player-first ecosystem where gamers get paid to play. No more paywalls, no more attention traps—just seamless gameplay, real rewards, and a token economy that values your time and skill. FUN Token is re-empowering the player and redefining what gaming should be.

    Mission: Play with purpose, earn with FUN

    At the heart of the FUN Token project is a simple but transformative idea: empower gamers to earn tangible value doing what they love. By embedding FUN as the core currency across a growing portfolio of games, the team aims to unify the fragmented Web3 gaming space into a seamless, rewarding experience for players worldwide.

    The core strategy: How FUN is redefining the game

    The FUN roadmap is anchored on four powerful pillars:

    • Closed-loop ecosystem: One wallet. One login. Endless games. FUN is creating a frictionless environment where players can move effortlessly between titles, with all progress, rewards, and identity preserved.
    • Token utility & buy-and-burn engine: Players earn FUN tokens in-game. Revenues from those games are then used to buy FUN on the open market and burn it—reducing supply and boosting token value over time.
    • Gamified rewards & retention: XP systems, loot boxes, streaks, and seasonal quests all reward active participation. FUN is building for stickiness—turning casual players into loyal, lifetime users.
    • Strategic partnerships: By integrating FUN into third-party titles, the team is positioning the token as the “Universal Currency of the Gamingverse.” One token to connect them all.

    The FUN Grand Plan: From foundation to domination

    The roadmap is aggressive, high-impact, and laser-focused on scaling:

    Q2 2025 – Launch the foundation

    • Release 10 mobile games across Android and iOS
    • Launch web-based FUN Wallet
    • Introduce Unified Login for cross-game access
    • Kickstart the “Earn-While-You-Play” movement

    Q3 2025 – Spark the network effect

    • Add 10 more viral/hyper-casual games
    • Reach 1M+ players and 100K+ wallet users
    • Launch achievement systems and daily missions
    • Begin Buy-and-Burn token mechanics
    • Establish first wave of third-party game partnerships

    Q4 2025 – Scale the ecosystem

    • Expand to 30 total games
    • Hit 5M+ users, 500K+ wallets
    • Launch mobile FUN Wallet (iOS & Android) with staking and rewards
    • Introduce NFTs, leaderboards, and community quests
    • Onboard mid-size external studios

    Q1 2026 – Dominate Web3 gaming

    • Grow to 40 games across genres
    • Reach 10M+ players, 1M+ wallet holders
    • Add multi-chain and fiat support in FUN Wallet
    • Integrate FUN into external game economies
    • Host the inaugural Global FUN Gaming Summit

    A universe of FUN awaits

    FUN Token invites players, developers, and investors to join the movement and be part of the ecosystem that’s set to reshape the future of entertainment.

    About FUN Token

    FUN Token is on a mission to become the default digital currency of gaming. Powered by Web3 technology and backed by a vibrant, self-sustaining economy, FUN is creating a unified ecosystem where every game, action, and user contributes to a dynamic gaming universe. Learn more at https://funtoken.io/

    FUNToken.io Socials:
    X.com/FUNtoken_io
    t.me/officialFUNToken

    Contact:
    Lukas Meier
    pr@funtoken.io

    Disclaimer: This press release is provided by FUNToken. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e878754a-16b5-426d-b40f-f8437971dda1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/02e9beb7-a442-4eee-b09c-f3194758d79e

    The MIL Network

  • MIL-OSI USA: Norton Announces Community Project Funding Application Process

    Source: United States House of Representatives – Congresswoman Eleanor Holmes Norton (District of Columbia)

    WASHINGTON, D.C. — Congresswoman Eleanor Holmes Norton (D-DC) today announced the process for applying to her office for Community Project Funding, formerly known as earmarks, for fiscal year 2026 (FY26). For a Community Project Funding request to be considered, eligible entities must submit an application by 5:00 p.m. on Monday, April 21st to NortonCommunityProjectFunding@mail.house.gov.

    Under the House Committee on Appropriations’ eligibility requirements for FY26, only governmental entities and public institutions of higher education will be eligible for projects under the T-HUD Economic Development Initiatives program. Memorials, museums, and commemoratives (i.e., projects named for an individual or entity) are not eligible for Community Project Funding. The subcommittees’ requirements can be found here. All projects that were included in House Reports for Fiscal Year 2025 are eligible in Fiscal Year 2026 but must be resubmitted for consideration.

    Late or incomplete applications, including applications that do not provide the information required by the relevant subcommittee, will not be considered. The project must be located in the District of Columbia.

    An application consists of all the information about the entity and project required by the applicable subcommittee, as well as the following:

    • Name of the recipient
    • Address of the recipient
    • Amount of the request
    • Explanation of the request, including purpose, and a justification for why it is an appropriate use of taxpayer funds
    • Evidence of community support
    • If on behalf of a non-profit, evidence the entity is a non-profit organization as described under Section 501(c)(3) of the Internal Revenue Code of 1986, and evidence non-profit’s work is primarily focused on D.C.

    The Appropriations Committee is only permitting certain programs within specific subcommittees, listed below, that are going to participate in the Community Project Funding process.

    Agriculture, Rural Development, Food and Drug Administration, and Related Agencies

    • Department of Agriculture–Farm Production and Conservation Programs
      • Natural Resources Conservation Service (Conservation Operations)
    • Department of Agriculture–Research, Education, and Economics
      • Agricultural Research Service (Buildings and Facilities)
    • Department of Agriculture–Rural Development
      • Rural Housing Service (Community Facilities)
      • Rural Utilities Service (ReConnect Program)
      • Rural Utilities Service (Distance Learning and Telemedicine Grants)
      • Rural Utilities Service (Rural Water and Waste Disposal Grants)

    Commerce, Justice, Science, and Related Agencies

    • Department of Commerce
      • NIST—Scientific and Technical Research
      • NOAA—Coastal Zone Management
    • Department of Justice
      • COPS Technology and Equipment
      • Byrne Justice
    • National Aeronautics and Space Administration
      • Safety, Security, and Mission Services

    Energy and Water Development

    • Army Corps of Engineers (Civil Works)
      • Investigations
      • Construction
      • Mississippi River and Tributaries
      • Operation and Maintenance
    • Department of the Interior/Bureau of Reclamation
      • Water and Related Resources

    Homeland Security

    • Federal Emergency Management Agency
      • Federal Assistance—Emergency Ops. Centers
      • Federal Assistance—Pre-Disaster Mitigation

    Interior, Environment, and Related Agencies

    • Environmental Protection Agency
      • STAG—Clean Water State Revolving Fund
      • STAG—Drinking Water State Revolving Fund

    Military Construction, Veterans Affairs, and Related Agencies

    • Army
    • Army National Guard
    • Army Reserve
    • Navy & Marine Corps
    • Navy Reserve
    • Air Force and Space Force
    • Air National Guard
    • Air Force Reserve
    • DoD, Defense-Wide

    Transportation, and Housing and Urban Development, and Related Agencies

    • Department of Housing and Urban Development
      • CDBG – Economic Development Initiatives
    • Department of Transportation
      • Airport Improvement Program
      • Highway Infrastructure Projects
      • Transit Infrastructure Projects
      • Consolidated Rail Infrastructure and Safety Improvements
      • Port Infrastructure Development Program

    ###

    MIL OSI USA News

  • MIL-OSI: Valeura Energy Inc.: Q1 2025 Operations and Financial Update

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 09, 2025 (GLOBE NEWSWIRE) — Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) is pleased to provide an update on Q1 2025 operations.

    Highlights

    • Operations continuing smoothly, with oil production averaging 23.9 mbbls/d(1);
      • Continual programme of development and appraisal drilling throughout the quarter;
      • Strong ongoing safety performance, with no lost time injuries;
    • Strong cash position at March 31, 2025 of US$238.3 million, and no debt;
      • Taxes paid of US$39.2 million in Q1;
      • Repurchased 963,401 shares in Q1;
    • Resilient ongoing business based on strong balance sheet and cash flow, creating growth optionality in the current volatile climate.

    (1) Working interest share oil production, before royalties.

    Dr. Sean Guest, President and CEO commented:

    “Our strong operational and financial performance continued throughout Q1 2025, and our business is more resilient than ever. With our corporate restructuring completed in November 2024, and the final tax payment under the previous structure now behind us, we see an energised ability to generate cash flow as we look at the remainder of 2025. 

    We are carefully monitoring the current volatile market conditions while simultaneously reviewing and optimising our expenditures. However, our strong financial position with cash of US$238 million and no debt makes Valeura not only resilient, but also well positioned for attractive inorganic opportunities that may emerge during such a turbulent market environment.

    Notwithstanding the recent market volatility, we are maintaining all of our previously disclosed guidance assumptions for the year.” 

    Q1 2025 Update

    Valeura’s working interest share production before royalties averaged 23.9 mbbls/d during Q1 2025, a decrease of 8.4% from Q4 2024. Rates were affected by a planned seven-day annual maintenance shutdown of the Nong Yao field near the end of the quarter. All planned work on the Nong Yao facilities was conducted safely and under time and budget with production resuming on April 1, 2025. Valeura re-iterates its full year 2025 production guidance outlook of 23.0 – 25.5 mbbls/d.

    Oil sales totalled 1.88 million bbls during Q1 2025, less than the 2.15 million bbls produced. Sales were lower than in Q4 2024 and reflect the fact that at the beginning of the quarter, the Company had record low crude oil in inventory. At the end of the quarter Valeura had 0.89 million bbls in inventory, which is expected to be sold in Q2 2025 (including a lifting of approximately 0.25 million bbls which was sold on April 1, 2025).

    Price realisations averaged US$78.7/bbl during Q1 2025, reflecting a US$2.9/bbl premium over the Brent crude oil benchmark. Oil revenue during Q1 2025 was US$148.1 million, 35% lower than Q4 2024. The quarter-on-quarter difference is due to less oil volumes sold, and also one sale occurring very late in the quarter, for which revenue is expected to be received in April 2025. Accordingly, the Company recorded a receivable associated with that lifting of approximately US$30 million as at March 31, 2025.

    In addition to routine operating costs and planned capital spending, the Company has made a final tax payment of US$39.2 million in connection with its corporate restructuring that was completed in November 2024. This payment effectively completes the tax obligations for its Thai III licences under their previous organisation structure, and became due in Q1 2025, earlier than usual tax payments for Thai III licences which are payable in May and August of each year. Following the restructuring, petroleum income tax loss carry-forwards that were previously associated with only the Wassana asset are now being applied to all of the Company’s Thai III petroleum concessions, being Wassana, Nong Yao, and Manora, thereby resulting in a more efficient tax structure for the business.

    While the Company acknowledges the global market and oil price volatility experienced in early April 2025, at this time, Valeura re-affirms all of its guidance outlook expectations for 2025. The Company maintains a scenario-based approach to planning its investments, driven largely by forecast oil prices. Recent market conditions underscore the importance of such an approach, but more importantly highlight the value of maintaining a strong balance sheet so as to capitalise on emerging inorganic growth opportunities. As of March 31, 2025, Valeura had US$238.3 million in cash, with no debt.

    During the quarter, the Company acquired 963,401 shares as part of its NCIB programme.

    Operations Update

    Valeura provided an operations update on March 25, 2025, along with its announcement of results for Q4 and the full year 2024. Since that time, the Company has been conducting a drilling campaign on the Jasmine / Ban Yen field, and will provide an update in due course. 

    On March 28, 2025, an earthquake struck central Myanmar, which borders Thailand to the north-west. All Valeura’s personnel were confirmed safe, and all facilities continue to operate safely.

    Results Timing and AGM

    Valeura intends to release its full unaudited financial and operating results for Q1 2025 on May 14, 2025, and will discuss the results in more detail through a management webcast hosted in conjunction with its Annual General Meeting of Shareholders (the “meeting”) later that day. The notice of meeting and related Management’s Information Circular have been mailed to shareholders and are available on the Company’s website at www.valeuraenergy.com/governance and on SEDAR+ at www.sedarplus.ca.

    For further information, please contact:

    Valeura Energy Inc. (General Corporate Enquiries)
    +65 6373 6940
    Sean Guest, President and CEO
    Yacine Ben-Meriem, CFO
    Contact@valeuraenergy.com

    Valeura Energy Inc. (Investor and Media Enquiries)
    +1 403 975 6752 / +44 7392 940495
    Robin James Martin, Vice President, Communications and Investor Relations
    IR@valeuraenergy.com

    About the Company

    Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

    Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

    Advisory and Caution Regarding Forward-Looking Information

    Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “target” or similar words suggesting future outcomes or statements regarding an outlook.

    Forward-looking information in this news release includes, but is not limited to, the Company’s anticipated full year 2025 guidance assumptions, being full year working interest share oil production before royalties of 23.0 – 25.5 mbbls/d, capex of US$125 – 150 million, exploration expense of approximately US$11 million, and adjusted opex of US$125 – 245 million, all as more fully described in the January 9, 2025 press release; the anticipated receivable of approximately US$30 million as at March 31, 2025; and Valeura’s expectation that it will benefit from a more efficient tax structure as a result of the corporate restructuring. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; ability to achieve extensions to licences in Thailand and Türkiye to support attractive development and resource recovery; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; the impact of conflicts in the Middle East; royalty rates and taxes; management’s estimate of cumulative tax losses being correct; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the availability and identification of mergers and acquisition opportunities; the ability to successfully negotiate and complete any mergers and acquisition opportunities; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; international trade policies; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; the risk that the Company’s tax advisors’ and/or auditors’ assessment of the Company’s cumulative tax losses varies significantly from management’s expectations of the same; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, including international treaties and trade policies; the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

    Certain forward-looking information in this news release may also constitute “financial outlook” within the meaning of applicable securities legislation. Financial outlook involves statements about Valeura’s prospective financial performance or position and is based on and subject to the assumptions and risk factors described above in respect of forward-looking information generally as well as any other specific assumptions and risk factors in relation to such financial outlook noted in this news release. Such assumptions are based on management’s assessment of the relevant information currently available, and any financial outlook included in this news release is made as of the date hereof and provided for the purpose of helping readers understand Valeura’s current expectations and plans for the future. Readers are cautioned that reliance on any financial outlook may not be appropriate for other purposes or in other circumstances and that the risk factors described above or other factors may cause actual results to differ materially from any financial outlook.

    The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful. 

    Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network

  • MIL-OSI: Aegon announces reset of perpetual subordinated bonds

    Source: GlobeNewswire (MIL-OSI)

    The Hague, April 9, 2025 – Aegon today announces that it will reset the coupon on its EUR 113 million (NLG 250 million) 1.506% perpetual cumulative subordinated bonds (ISIN: NL0000120004, originally issued in 1995, the “bonds”) on June 8, 2025.

    As of June 8, 2005, and every ten years thereafter, Aegon has had the option to either call the bonds or reset the coupon.

    The bonds will continue to be outstanding in accordance with their terms, with the next optional redemption date on June 8, 2035. The new coupon will be published on or around June 3, 2025.

    Contacts

    About Aegon

    Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company.

    Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion & diversity. Aegon is headquartered in The Hague, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.

    Forward-looking statements
    The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:

    • Financial risks – Rapidly rising interest rates; Sustained low or negative interest rate levels; Disruptions in the global financial markets and general economic conditions; Elevated levels of inflation; Illiquidity of certain investment assets; Credit risk, declines in value and defaults in Aegon’s debt securities, private placements, mortgage loan portfolios and other instruments or the failure of certain counterparties; Decline in equity markets; Downturn in the real estate market; Default of a major financial market participant; Failure by reinsurers to which Aegon has ceded risk; Downgrade in Aegon’s credit ratings; Fluctuations in currency exchange rates; Unsuccessful management of derivatives; Subjective valuation of Aegon’s investments, allowances and impairments;
    • Underwriting risks – Differences between actual claims experience/underwriting and reserve assumptions; Losses on products with guarantees due to volatile markets; Restrictions on underwriting criteria and the use of data; Unexpected return on offered financial and insurance products; Reinsurance may not be available, affordable, or adequate; Catastrophic events;
    • Operational risks – Competitive factors; Difficulty in acquiring and integrating new businesses or divesting existing operations; Difficulties in distributing and marketing products through its current and future distribution channels; Slow to adapt to and leverage new technologies; Failure of data management and governance; Epidemics or pandemics; Unsuccessful in managing exposure to climate risk; Unidentified or unanticipated risk events; Aegon’s information technology systems may not be resilient against constantly evolving threats; Computer system failure or security breach; Breach of data privacy or security obligations; Inaccuracies in econometric, financial, or actuarial models, or differing interpretations of underlying methodologies; Inaccurate, incomplete or unsuccessful quantitative models, algorithms or calculations; Issues with third-party providers, including events such as bankruptcy, disruption of services, poor performance, non-performance, or standards of service level agreements not being upheld; Inability to attract and retain personnel;
    • Political, regulatory, and supervisory risks – Requirement to increase technical provisions and/or hold higher amounts of regulatory capital as a result of changes in the regulatory environment or changes in rating agency analysis; Political or other instability in a country or geographic region; Changes in accounting standards; Inability of Aegon’s subsidiaries to pay dividends to Aegon Ltd.; Risks of application of intervention measures;
    • Legal and compliance risks – Unfavorable outcomes of legal and arbitration proceedings and regulatory investigations and actions; Changes in government regulations in the jurisdictions in which Aegon operates; Increased attention to sustainability matters and evolving sustainability standards and requirements; Tax risks; Difficulty to effect service of process or to enforce judgments against Aegon in the United States; Inability to manage risks associated with the reform and replacement of benchmark rates; Inability to protect intellectual property;
    • Risks relating to Aegon’s common shares – Volatility of Aegon’s share price; Offering of additional common shares in the future; Significant influence of Vereniging Aegon over Aegon’s corporate actions; Currency fluctuations; Influence of Perpetual Contingent Convertible Securities over the market price for Aegon’s common shares.

    Additionally, Aegon provides some information in this report that is informed by various stakeholder expectations, non-US regulatory requirements, and third-party frameworks. Such information, whether provided here or in Aegon’s other disclosures (including website materials), is not necessarily material for SEC reporting purposes.

    Even in instances where we use “material”, this should not in all instances be deemed to refer to materiality for purposes of our U.S. federal securities filings, as there are various definitions of materiality used by different stakeholders, including but not limited to a more expansive “double materiality” standard pursuant to the European Sustainability Reporting Standards that has informed much of our sustainability disclosure. Similarly, while we leverage various frameworks in our disclosures, we cannot guarantee, and language such as “align” or “follow” is not meant to imply complete alignment with these requirements.

    We similarly cannot guarantee complete alignment with any stakeholder’s interpretation or preference for the measurement or presentation of sustainability or other information in this report. Expectations, as well as our own approach, continue to evolve and may change for a variety of reasons, including regulatory or business requirements or other factors that may not be in our control. Similarly, certain disclosures are based on hypothetical scenarios which may not be reflective of expectations or future events; such scenarios are subject to inherent uncertainty given the long-time frames and breadth of variables involved. As a final note, documents and website references included herein are provided solely for convenience and are not incorporated by reference absent express language to the contrary.

    This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2023 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

    Attachment

    The MIL Network

  • MIL-OSI: RIBER reports solid growth in sales and earnings in 2024

    Source: GlobeNewswire (MIL-OSI)

    RIBER reports solid growth in sales and earnings in 2024

    • Revenues: €41.2m (+5%)
    • Income from ordinary operations: €4.5m, representing 11% of revenues
    • Net income: €4.1m (+21%)
    • Proposed payout of €0.08 per share for 2024 (+14%)

    Bezons, April 9, 2024 – 8:00am – RIBER, the global leader for molecular beam epitaxy (MBE) equipment serving the semiconductor industry, is announcing its full-year results for 2024, marked by solid growth in sales and profitability.

    (€m – at December 31) 2024 2023 Change
    Revenues 41.2 39.3 +4.8%
    MBE systems revenues 31.0 29.0 +7.0%
    Services and accessories revenues 10.2 10.3 -1.2%
    Gross margin
    % of revenues
    14.8
    36.1%
    13.2
    33.7%
    +12.1%
    Income from ordinary operations
    % of revenues
    4.5
    10.9%
    3.9
    10.0%
    +14.4%
    Operating income
    % of revenues
    4.4
    10.6%
    3.9
    10.0%
    +11.3%
    Pre-tax income
    % of revenues
    4.4
    10.6%
    3.6
    9.1%
    +22.5%
    Net income
    % of revenues
    4.1
    10.0%
    3.4
    8.7%
    +21.4%

    Key developments

    In 2024, RIBER achieved its revenues targets, driven by solid growth in MBE system sales. This momentum reflects the strengthening of its positions in the MBE market, for both research and industrial production, as evidenced by the strong order intake during the year, with 13 new MBE systems. In this context, the company’s earnings show a clear improvement compared with the previous year.

    Alongside this, RIBER moved forward with its innovation efforts with the development of ROSIE (RIBER Oxide on SIlicon Epitaxy), a new system dedicated to the silicon photonics sector. Designed to meet the growing demands of optical transmission and reception applications, its commercial launch, scheduled for 2026, opens up new prospects in a fast-growing market. This dynamism is supported by the demand for advanced semiconductor materials dedicated to data transmission and Artificial Intelligence. The technology developed by RIBER will help reduce energy consumption, particularly in data centers.

    Revenues

    Full-year revenues for 2024 increased to €41.2m, up +5% from 2023. Revenues for MBE systems were up +7% to €31.0m for 12 machines delivered, compared with 13 in 2023. Revenues for services and accessories amounted to 10.2 million euros, representing 24.8% of 2024 revenues, and were broadly stable year-on-year.

    Earnings

    The gross margin was €14.8m, up +12.1%, driven by growth in system business.

    Income from ordinary operations was €4.5m, up +14.4% compared with the previous year, thanks to effective control of operating costs. It represents 11% of revenues, compared with 10% in 2023.

    Net income totaled €4.1m, compared with €3.4m in 2023, an increase of +21.4%.

    Cash flow and balance sheet

    The cash position at end-2023 was positive at €8.6m, compared to €9.7m at end-2023.

    Shareholders’ equity totaled €23.6m, up +€2.3m compared with end-2023. This change is driven by the earnings for the year 2024 and the distribution of amounts drawn against the issue premium for 2023 to shareholders.

    Order book

    The order book at December 31, 2024 represented €21.7m, down 17% year-on-year, including 7 MBE systems (€16.7m), of which 5 for production, as well as orders for services and accessories (€5.0m).

    The order book is up after factoring the two new orders announced in January 2025 for a production system in Europe and a research system in the United States, both scheduled for delivery in 2025.

    Outlook

    In view of the uncertainties linked to the application of US customs duties and the economic environment, RIBER is reserving its position on issuing guidance for fiscal year 2025.

    RIBER remains committed to its medium-term objectives. In this context, RIBER is moving forward with its growth strategy by strengthening its technological leadership and expanding its solutions into new high value-added markets, particularly silicon photonics and materials for quantum technologies. These developments will be presented at the next Annual General Meeting on June 18, 2025.

    Distribution of amounts drawn against the “issue premium” account

    The Board of Directors will propose to the June 18, 2025 General Meeting a cash distribution of €0.08 per share, through a partial reimbursement of the issue premium. It will be released for payment on June 25, 2025.

    Next dates

    • April 18, 2025 – 6:00pm:         2024 annual financial report
    • June 18, 2025 – 10:00am:         General Meeting in Paris

    The annual financial statements were approved by the Board of Directors on April 8, 2025. The statutory auditors have completed the audit procedures on the corporate and consolidated accounts. The certification report will be issued once the necessary procedures have been finalized for publishing the full-year financial report.

    In compliance with AMF regulations and the operating rules of Euronext Growth Paris, RIBER will henceforth publish its sales figures on a half-yearly basis, except in the event of significant developments.

    About RIBER

    Founded in 1964, RIBER is the global market leader for MBE – molecular beam epitaxy – equipment. It designs and produces equipment for the semiconductor industry and provides scientific and technical support for its clients (hardware and software), maintaining their equipment and optimizing their performance and output levels. Accelerating the performance of electronics, RIBER’s equipment performs an essential role in the development of advanced semiconductor systems that are used in numerous applications, from information technologies to photonics (lasers, sensors, etc.), 5G telecommunications networks and research, including quantum computing. RIBER is a BPI France-approved innovative company and is listed on the Euronext Growth Paris market (ISIN: FR0000075954).
    www.riber.com

    Contacts

    RIBER : Annie Geoffroy| tel: +33 (0)1 39 96 65 00 | invest@riber.com
    ACTUS FINANCE & COMMUNICATION : Cyril Combe | tel: +33 (0)1 53 65 68 68 | ccombe@actus.fr

    Attachment

    The MIL Network

  • MIL-Evening Report: Can you spot a financial fake? How AI is raising our risks of billing fraud

    Source: The Conversation (Au and NZ) – By Matthew Grosse, Director of the Master of Business Analytics, Senior Lecturer, Accounting, University of Technology Sydney

    Along with the many benefits of artificial intelligence – from providing real time navigation to early disease detection – the explosion in its use has increased opportunities for fraud and deception.

    Large and small businesses and even the Australian Taxation Office (ATO) may be hit with fraudulent reimbursement claims, which are almost impossible to distinguish from legitimate receipts and invoices.

    Individuals also need to be wary.

    Look at the photos of the receipts shown below. One documents a genuine transaction. The other was created using ChatGPT. Can you spot the fake?

    Now have a look at this one.

    You possibly couldn’t – and that’s exactly the point. Systems which can reproduce near perfect counterfeits of legitimate financial documents are increasingly prevalent and sophisticated.

    Last week, OpenAI released an improved image generation model which can create images with photorealistic outputs including text.

    Why should we care?

    Fraud involving fake financial documents is a massive global issue. The international Association of Certified Fraud Examiners estimate organisations lose approximately 5% of revenue to fraud each year.

    In its 2024 report, the association documents losses exceeding US$3.1 billion across 1,921 cases. Billing and expense fraud constitute 35% of asset misappropriation cases, with firms reporting median losses of US$150,000 per incident.

    Most concerning, fraudsters primarily conceal these crimes by creating fake documents or altering files, exactly what AI now simplifies.

    Fake documents enable fraud in various ways. An employee might create a fictitious receipt for a business lunch that never happened, or a contractor might fabricate receipts for expenses never incurred. In each case, the fraudster uses counterfeit documentation to extract money they’re not entitled to.

    This problem is likely more widespread than recognised. A 2024 survey revealed 24% of employees admitted to expense fraud, with another 15% considering it.

    Even more concerning, 42% of UK public sector decision makers confessed to submitting fraudulent claims.

    AI removes barriers to deception

    Understanding how AI technology may lead to a surge in potential fraud requires examining the classic “fraud triangle”. This explains that fraud requires three elements: incentives, rationalisation and opportunity.

    Historically, technical barriers limited the ability to create fake documentation even when motivation existed.

    AI eliminates these barriers by making fake documentation easy to create. Research confirms when opportunity expands, fraud increases.

    When fake claims become everyone’s problem

    When fake receipts support tax deductions, we all pay.

    Consider a marketing consultant earning $120,000, who uses an AI image generator to create several convincing receipts for non-existent expenses totalling $4,000. At their marginal tax rate of 30%, this fraud saves them about $1,200 in taxes – if they are not caught.

    The Australian Taxation Office estimates a $2.7 billion annual annual gap from incorrectly over-claimed deductions by small businesses. With digital forgery becoming more accessible, this gap could widen significantly.

    Fake receipts and invoices

    Consumers are also becoming increasingly vulnerable to scammers using AI-generated receipts and invoices.

    Imagine receiving what looks like an official invoice from your energy provider. The only difference? The payment details direct funds to a scammer’s account.

    This is already occurring. The Australian Competition and Consumer Commission reported more than $3.1 billion lost to scams in 2023, with payment redirection fraud growing rapidly.

    As AI tools make creating and editing convincing business documentation easier, these scam numbers have the potential to increase.

    The growing threat

    This vulnerability for both businesses and consumers is amplified by our increasing reliance on digital documentation.

    Today, many businesses issue receipts in digital formats. Expense management systems typically require employees to submit photos or scans of receipts. Tax authorities also accept electronically stored documentation.

    With paper receipts becoming increasingly rare and paper’s physical security features gone, digital forgeries become nearly impossible to spot through visual inspection alone.

    Is digital authentication the answer?

    One potential countermeasure is the Content Provenance and Authenticity (C2PA) standard. The C2PA standard embeds AI generated images with verifiable information about file origin.

    However, a major weakness remains, as users can remove metadata by taking a screenshot of an image. For businesses and tax authorities, digital authentication standards are just part of the answer to sophisticated digital forgery. Yet reverting to paper documentation isn’t feasible in our digital era.

    Seeing is no longer believing

    AI’s ability to create realistic fake financial documents fundamentally changes our approach to expense verification and financial security.

    The traditional visual inspection of receipts and invoices is rapidly becoming obsolete.

    Businesses, tax authorities and individuals need to adapt quickly by implementing verification systems that go beyond simply looking at documentation.

    This might include transaction matching with bank records, and automated anomaly detection systems that flag unusual spending patterns. Perhaps the use of blockchain technology will expand to help verify transactions.

    The gap between what AI can create and what our systems can reliably verify continues to widen. So how do we maintain trust in financial transactions in a world where seeing is no longer believing?

    Matthew Grosse 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. Can you spot a financial fake? How AI is raising our risks of billing fraud – https://theconversation.com/can-you-spot-a-financial-fake-how-ai-is-raising-our-risks-of-billing-fraud-253912

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: China updates tax refund policy for foreign tourists

    Source: China State Council Information Office

    China has updated its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a refund-upon-purchase model, the State Taxation Administration (STA) said on Tuesday.

    Under the new refund-upon-purchase policy, foreign visitors can instantly claim value-added tax (VAT) rebates at tax-free stores, enabling them to reuse the refunded amount in real time for further shopping. Previously, VAT rebates were only available for withdrawal upon departure.

    The policy change, initially piloted in Shanghai, Beijing, Guangdong, Shenzhen, Sichuan and Zhejiang, has now met all operational requirements for nationwide rollout, according to the STA.

    An official from the STA emphasized their commitment to strengthening policy guidance and streamlining refund procedures.

    Li Xuhong, vice president and professor at the Beijing National Accounting Institute, said that nationwide implementation of this service initiative would elevate China’s tourism service standards and foster a “friendly, efficient and convenient” tourism environment. 

    MIL OSI China News

  • MIL-OSI USA: ICYMI: New York Post Ed Board Highlights Ernst’s Squeal Work

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)
    WASHINGTON – In case you missed it, the New York Post Editorial Board highlighted Senate DOGE Caucus Chair Joni Ernst’s (R-Iowa) work that revealedunionized workers at the Defense Health Agency spent 87,000 hours in a two-year timespan doing union work instead of their jobs supporting the military health system.
    “This info comes in a bombshell new report unearthed by Sen. Joni Ernst (R-Iowa), a veteran and a fierce advocate for the troops as well as a staunch fighter against fraud and waste as head of the Senate DOGE caucus. Good: The more sunlight into government spending, the better,” the Editorial Board wrote.
    Following her years-long investigation into the absent government workforce and the impact of federal telework abuse, Ernst has cracked down on taxpayer-funded union time with her Protecting Taxpayers’ Wallet Act that would end taxpayers having to foot the bill for federal employees engaging in union activity while on the clock. She is also leading the Taxpayer-Funded Union Time Transparency Act to track the total amount taxpayers are subsidizing federal employee unions.
    Read the full editorial below:
    Public-sector workers spent 87,000 hours screwing you — just at one agency, just in two years
    By: The New York Post Editorial Board
    Unionized workers at the Defense Health Agency, tasked with overseeing benefits for US troops, spent 87,000 hours (and $3.3 million) during fiscal 2023 and 2024 doing union work instead of their actual jobs. 
    You read that right: 87,000 hours. 
    That’s equivalent to 3,625 days, almost a full man-hour decade. 
    Burned up by staffers tending to their own interests, to the detriment of the troops they’re nominally charged with helping and the taxpayers they’re answerable to: They spent those hours doing things like contract renegotiation and fringe-benefit squeeze-outs. 
    This info comes in a bombshell new report unearthed by Sen. Joni Ernst (R-Iowa), a veteran and a fierce advocate for the troops as well as a staunch fighter against fraud and waste as head of the Senate DOGE caucus. 
    Good: The more sunlight into government spending, the better. 
    Otherwise, there’s no way to ever know which handouts serve to advance America’s national interest and which line the pockets of powerful fiefdoms and their lords. 
    But it points to a bigger problem, i.e., that public-sector unions are bad news for everyone. 
    In the private sector, unionized workers use their collective power to win concessions from business owners. If that gums up the works too much, the company suffers and its customers and investors go elsewhere.
    Government doesn’t work that way: The dissatisfied can’t escape so easily, and it’s politicians and other officials with no personal skin in the game who make the concessions.
    And unionized government workers put the squeeze directly on you. 
    Every benefit, every pay hike, every extra comes out of the taxpayer’s pocket. 
    And by shielding the incompetent and criminal, stifling innovation and generally gumming up the works, public-sector unions screw over the people most dependent on government services. 
    That is, the poor, the disabled and the otherwise marginalized. 
    Even, in this case, the armed forces. 
    So the next time National Education Association head Becky Pringle starts in on one of her semi-comprehensible tirades about justice and equity, or any other municipal, state or federal public-union muckamuck throws a weepy, righteous temper tantrum — remember. 
    The only thing they want is to shove their hand deeper into your pocket.

    MIL OSI USA News

  • MIL-OSI Security: Qualcomm Executive Convicted by Jury in $180 Million Fraud

    Source: Office of United States Attorneys

    SAN DIEGO – Dr. Karim Arabi was convicted by a federal jury today of fraud and money laundering charges in connection with a massive $180 million scheme targeting his then-employer, Qualcomm.

    After a four-week trial, the jury deliberated for less than two days. The jury found that while working as vice president of Qualcomm’s Research and Development Department, Dr. Arabi committed fraud by developing a valuable microchip technology, marketing the technology through a company, Abreezio, which he created to conceal his involvement, and then selling the company and its purported technology to Qualcomm for $180 million.

    As part of his employment with Qualcomm, Dr. Arabi had agreed that virtually all technology he invented while working at Qualcomm belonged to Qualcomm.  To perpetrate the fraud, Dr. Arabi carefully hid his role as the new company’s shadow CEO, picked its corporate name (Abreezio) and weighed in on its office furniture.

    Dr. Arabi created fake email accounts and sent phony emails to impersonate his sister, Sheida Alan, the supposed inventor of the new technology. In truth, Sheida was a nonentity throughout its formation, development, marketing and sale. In the summer of 2015, when Abreezio was filing a new round of patent applications, Sheida legally changed her last name from “Arabi” to “Alan,” to further conceal her relationship with Dr. Arabi.

    According to evidence presented at trial, after the deal closed and Qualcomm unwittingly paid almost $92 million to Dr. Arabi’s sister, the campaign of concealment continued: Dr. Arabi invested the money in Canadian and Norwegian real estate while hiding his involvement, funneled funds back to his U.S. companies via intermediary shells, lied repeatedly through Qualcomm’s subsequent civil fraud suit, and received steady installments of laundered fraud proceeds until the month before his arrest in this case.

    “The defendant took advantage of the trust placed in him, lining his pockets with millions by orchestrating a scheme to deceive and then bleed his own employer,” said Acting U.S. Attorney Andrew Haden. “His actions weren’t just a betrayal of the company – they were a direct attack on the very principles of fairness and integrity that keep business honest. Today’s jury verdict sends a clear message: In the Southern District of California, fraud has consequences. We will relentlessly pursue justice against those who try to profit through lies and deceit.”

    “Dr. Arabi perpetrated an elaborate and exhaustive scheme to conceal, deceive, and defraud his own employer out of millions of dollars,” said FBI San Diego Acting Special Agent in Charge Houtan Moshrefi. “With today’s verdict, Dr. Arabi will now face the consequences of this massive fraud, sending the clear message that corporate executives who facilitate fraud will be held accountable for their crimes.”

    “As vice president of Research and Development, Mr. Arabi was entrusted with protecting Qualcomm’s intellectual property rights,” said Special Agent in Charge Tyler Hatcher, IRS Criminal Investigation, Los Angeles Field Office. “Mr. Arabi executed a scheme to swindle Qualcomm out of $180 million for what was rightfully their own technology. This guilty verdict is reflective of outstanding investigative work by IRS-CI and our partners at the FBI and U.S. Marshal’s Service.”

    Qualcomm actually paid $150 million to the coconspirators and others before discovering the fraud.

    Two other defendants pleaded guilty in the scheme prior to Arabi’s trial. Ali Akbar Shokouhi, another former Qualcomm employee and the primary investor in Abreezio, pleaded guilty to money laundering and is scheduled to be sentenced on August 1, 2025; Sanjiv Taneja, Abreezio’s nominal CEO, pleaded guilty to money laundering and is scheduled to be sentenced on July 11, 2025.

    This case is being prosecuted by Assistant U.S. Attorneys Nicholas W. Pilchak, Janaki G. Chopra and Eric R. Olah.

    DEFENDANT                                 Case Number 22-CR-1152                                      

    Karim Arabi                                        Age: 58                                   San Diego, CA

    CHARGES

    Wire Fraud Conspiracy, in violation of 18 U.S.C. § 1349

    Maximum Penalties: Twenty years in prison; $1 million fine or twice the amount of the criminally derived property involved in the transaction

    Wire Fraud, in violation of 18 U.S.C. § 1343

    Maximum Penalties: Twenty years in prison; $1 million fine

    Conspiracy to Launder Monetary Instruments, in violation of 18 U.S.C. § 1956(h)

    Maximum Penalties: Twenty years in prison; fine of $500,000 or twice the amount of the criminally derived property involved in the transaction

    INVESTIGATING AGENCIES

    Federal Bureau of Investigation

    Internal Revenue Services, Criminal Investigation

    United States Marshals Service

    MIL Security OSI

  • MIL-OSI USA: Colorado, It’s Showtime! Governor Polis Signs Film Festival Tax Credit Bill Into Law, Celebrates Colorado as the New Home of the Sundance Film Festival

    Source: US State of Colorado

    DENVER – Last month, Governor Polis, the Sundance Institute, Visit Boulder, and others announced that Colorado was selected to be the new home of the Sundance Film Festival starting in 2027. To support the festival’s historic move to Colorado and the many other film festivals that call Colorado home, today Governor Polis signed HB25-1005 – Tax Incentive for Film Festivals – sponsored by Representatives Monica Duran and Brianna Titone, and Senators Judy Amabile and Mark Baisley. 

    “Colorado is the best state for film and television artists, and I am thrilled today to sign this bipartisan law to support our growing film industry in Colorado that is captivating audiences, supporting hard-working Coloradans, and strengthening our tourism and economy. As the iconic Sundance Film Festival joins many successful film festivals operating across the state, we are ensuring that Colorado continues to be the top film festival state in the nation,” said Governor Polis. 

    “From original films to panel discussions with filmmakers, the Sundance Film Festival will be right at home in Boulder,” said Majority Leader Monica Duran, D-Wheat Ridge. “Since Boulder was selected as the next location for the Sundance Film Festival in 2027, we expect our small businesses, restaurants and hotels to benefit from the boost in local tourism and out-of-state visitors. The Sundance Film Festival will strengthen Colorado’s reputation as a destination for the arts and will generate new jobs in our state.” 

    “It’s an incredible honor to host the Sundance Film Festival because it will solidify our state’s reputation as a destination for the arts,” said Rep. Brianna Titone, D-Arvada. “The 2024 festival attracted 24,000 out-of-state visitors and generated $132 million in gross domestic product, and we expect to see a similar positive economic impact in Colorado. We’re proud that the world-renowned Sundance Film Festival will call Boulder home for the next ten years.” 

    “This law demonstrates our commitment to ensuring the success of the Sundance Film Festival in Colorado,” said Senator Judy Amabile, D-Boulder. “Sundance is more than just an economic driver – it will cement Colorado’s place as a global hub for the arts, creating opportunities for filmmakers and audiences alike. Our communities will benefit year-round from Sundance’s investments in expanded access to the arts, support for aspiring storytellers, and a platform for powerful narratives that have the potential to move, inspire, and change all of us.” 

    “Today’s bill signing is a tremendous win for Colorado small businesses. We welcome the Sundance Film Festival making its new home in Boulder. This will boost sales at restaurants, retailers and other small businesses throughout the region that rely on tourism, bringing much needed revenue to Colorado communities during a quiet time of year,” said Colorado Sen. Mark Baisley. 

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    MIL OSI USA News

  • MIL-OSI USA: What They’re Saying: Local Film Festivals Applaud New Law Signed by Governor Polis Supporting Film in Colorado

    Source: US State of Colorado

    DENVER – Earlier today, Governor Polis signed HB25-1005 – Tax Incentive for Film Festivals – sponsored by Representatives Monica Duran and Brianna Titone, and Senators Judy Amabile and Mark Baisley. This legislation supports Colorado’s thriving film festivals, including the Sundance Film Festival which recently announced it would be moving to Boulder beginning in 2027. 

    “We are incredibly grateful to the State of Colorado for this support, not only for the Sundance Film Festival, but also for the many film festivals that have spent decades building and nurturing a rich cultural landscape in Colorado. This investment highlights the invaluable role the state plays in cultivating creative industries that both enrich our culture and drive the economy,” said Ebs Burnough, Sundance Institute Board Chair, and Amanda Kelso, Sundance Institute Acting CEO. “We are also deeply honored as a nonprofit to be welcomed into Colorado’s thriving film festival and arts ecosystem. We look forward to the future, inviting our audiences and artists to join us in Boulder in 2027, and are excited to contribute to the vibrant arts community here in Colorado.” 

    “ACT is celebrating ten years of elevating human rights stories and inspiring audiences,” said Act Human Rights Film Festival Managing Director Beth Seymour. “At ACT we celebrate how far we have come in advancing human rights in all corners of the globe, and we also share stories that help guide us to learn more about the work that remains.” 

    “We believe film festivals are a place for audiences to be entertained, to learn and to be inspired. Through our popular youth programs, senior programs, and our signature Call2Action program, BIFF has united the community and ignited positive change. This is part of the magnificent richness of film festivals, and what has made them into an unforgettable experience,” said Robin Beeck, Boulder International Film Festival Executive Director and Kathy Beeck, BIFF Director. “BIFF has attracted audiences and filmmakers from around the state and around the world, and brings in much needed dollars to local businesses at an otherwise down time of year. We’re excited about the tax incentive bill, and Sundance Film Festival’s potential cultural and economic impact for Boulder and the State of Colorado. The bill’s support for Colorado film festivals will strengthen our ability to be epicenters of community involvement, creativity, innovation and change.” 

    “Film festivals are an integral part of Colorado’s film industry and art scene. They offer vital community forums, uplift differing perspectives, and provide entertainment you can’t beat anywhere else! The Breckenridge Film Festival is thrilled to be a part of a state that uplifts these vital cultural celebrations and we look forward to watching the Colorado film industry flourish under these new tax incentives!” said Cait McCluskie, Head of Programming and Director of Operations, Breckendridge Film Festival. 

    “As one of the first 10 film festivals in the country, Denver Film Festival has been embraced and celebrated by film lovers across our state for nearly a half century,” said Denver Film CEO Kevin Smith. “As champions of independent film and the people that bring these films to life, film festivals serve as the culmination of that discovery delivering a chance for our audiences to break out and see, experience, learn and talk through something new, something challenging, bold, entertaining or thought provoking. We proudly provide that place of discovery, and we’re excited to see that spotlight shine a little brighter on our industry and the state of Colorado with the addition of the Sundance Film Festival and the thoughtful and strategic investment and support of the arts by our business and elected leaders. Working collaboratively, we will elevate our collective body of work and strengthen Colorado’s position on the global film stage.” 

    “So happy that the new Colorado Film Festival Tax Incentive is in place. Small festivals like Durango Independent Film Festival will benefit greatly from this bill, alongside larger entities like the Sundance Film Festival. There is a pool of $5 million (paid out over 10 years) that will help rural festivals like ours support both the economics of our community and the creativity of independent filmmakers. It’s exciting,” said Carol Fleisher, Executive Director, Durango Independent Film Festival. 

    “Film festivals are a wonderful opportunity to showcase local culture as well as bring in films and ideas from across the country and around the world. Being able to come together in a theater and experience movies together as a community is more important than ever. The Junktown Film Festival makes an impact on the community of Grand Junction. Students at Colorado Mesa University and CMU Tech are able to not only have their work show (and win awards) but also help as jury for the submitted films and in promoting the festival,” said Jeff Gustafson, The Junktown Film Festival Director. 

    “At Pueblo Film Fest, our mission is to ignite an international passion for storytelling through the art of cinema as we build the next generation of filmmakers. We celebrate the diverse voices of filmmakers from around the world, from budding talents to seasoned auteurs. Our festival serves as a vibrant platform, connecting artists with audiences and fostering a sense of community. Through thought-provoking narratives, captivating documentaries, and innovative experimental works, we aim to inspire, entertain, and provoke meaningful conversations. Pueblo Film Fest is committed to nurturing the cinematic arts, promoting cultural exchange, and shining a spotlight on how to have conversations across lines of difference. The festival makes a powerful economic impact and serves to provide both representation and inspiration to Southern Colorado and beyond!” said Andee Naglich, Executive Producer of the Pueblo Film Fest. 

    “Our 11-year old festival began to really flourish when we partnered with COFTM, and we have grown by leaps and bounds in the years since. We have been impressed by the ease of accessibility to opportunities and funding. Colorado is a great place to make a home for our festival, where people are truly engaged with our programming, and the beautiful land itself plays a featured role in our festival. RIFF is looking forward to new opportunities and growth in Colorado in the coming years,” said Arielle Bielak, Ridgway Independent Film Festival Director. 

    “The Tax Incentive for Film Festivals Bill will strengthen Colorado’s creative economy by supporting statewide nonprofit arts organizations, generating jobs, and attracting tourism. By investing in film festivals, this legislation will drive economic growth and establish Colorado as a leading destination for independent film and television. SeriesFest is proud to exist in a state that recognizes the power of community building through storytelling,” said SeriesFest Co-Founder & CEO, Randi Kleiner 

    “Colorado stands at a unique crossroads of culture and commerce, with two of the most influential film festivals in the world—Telluride and Sundance Film Festival—showcasing the brilliance of cinema. Together, we amplify Colorado’s role as a cultural leader, offering a comprehensive survey of the film industry today. For 52 years, Telluride has brought world-class cinema to the far western corner of the state, and now, with the opening of our new year-round home and state-of-the-art theater, we’re investing in the future of cinema—nurturing artistic innovation with filmmaker residencies, and the creation of a collaborative hub for the theatrical experience of film. This is an exciting moment for Colorado, as the magic of cinema set against Colorado’s exquisite natural beauty—seemingly crafted by cinematic masters—creates an experience that can’t be matched,” said Julie Huntsinger, Director of the Telluride Film Festival. 

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    MIL OSI USA News

  • MIL-OSI USA: DelBene, LaHood Introduce Bipartisan Legislation to Build 2 Million More Affordable Homes, 67,000 in WA

    Source: United States House of Representatives – Congresswoman Suzan DelBene (1st District of Washington)

    Today, Representatives Suzan DelBene (WA-01), Darin LaHood (IL-16), Claudia Tenney (NY-24), Don Beyer (VA-08), Randy Feenstra (IA-4), Jimmy Panetta (CA-19), and over 100 of their bipartisan House colleagues introduced the Affordable Housing Credit Improvement Act, legislation that would support the financing and development of nearly 2 million more affordable homes across the country. This would include nearly 67,000 units in Washington. The bill would expand the Low-Income Housing Tax Credit (Housing Credit), our nation’s most successful affordable housing program.

    Since its creation, the Housing Credit has built or restored more than 3.5 million affordable housing units, nearly 90% of all federally funded affordable housing during that time. Roughly 8 million American households have benefited from the credit, and the economic activity that it generated has supported 5.5 million jobs and generated more than $617 billion in wages.

    “Too many families are struggling to find a safe, affordable place to call home. This is a pervasive problem across the country,” said DelBene. “When people have stable housing, it has a ripple effect throughout other aspects of life. They’re better able to support their families and succeed at work. This overwhelmingly bipartisan legislation makes smart, targeted investments to increase affordable housing supply and help meet the needs of growing communities in Washington and elsewhere.”

    “As I travel throughout Illinois’ 16th Congressional District, I frequently hear how the shortage of affordable housing impacts our communities throughout central and northwestern Illinois,” said LaHood. “To address this growing crisis across the country, Congress must strengthen tools to drive investment into affordable workforce housing and expand housing options for hardworking families nationwide. I am proud to reintroduce the bipartisan Affordable Housing Credit Improvement Act alongside Representatives DelBene, Tenney, Beyer, Feenstra, and Panetta to strengthen our communities and support economic development.”

    “Since 1986, the Low-Income Housing Tax Credit has supported the development of more than 8,300 units through $55M of allocations in NY-24 alone,” said Tenney. “The Affordable Housing Credit Improvement Act leverages private investments to increase access to affordable housing for low-income families in rural communities. It is a privilege to join my colleagues in reintroducing this legislation to ensure this vital program continues to serve those who need it most.”

    “My community, like many others around the country, is facing a crisis in affordable housing,” said Beyer. “This bill would expand and update the most effective tool for financing affordable housing, and take a big step forward in addressing the massive need for affordable housing across the nation.”

    “In rural Iowa, access to affordable housing is critical for young families looking to plant their roots, local businesses attracting employees, and the long-term growth of our economy. However, with housing costs consistently increasing and construction projects being more difficult to finance in rural areas, we need to enact smart and cost-effective strategies to expand the housing supply and bring down prices,” said Feenstra. “I’m glad to work with my Ways and Means Committee colleague, Rep. Darin LaHood, to introduce the Affordable Housing Credit Improvement Act to expand and improve incentives in the tax code to build more housing. This commonsense policy will pay dividends for affordable housing in rural Iowa and help our families find housing options that fit their budgets.”

    “Too many working families struggle to find affordable housing, be it in California’s 19th Congressional District or across the country,” said Panetta. “The bipartisan Affordable Housing Credit Improvement Act would strengthen the Low-Income Housing Tax Credit, helping finance nearly 2 million affordable homes over the next decade while creating jobs and generating economic growth.  By incentivizing the development of affordable housing through this public-private partnership, we can start to tackle the housing crisis and provide more families with the opportunity to not just work, but also to live in the same community.”

    “The reintroduction of the Affordable Housing Credit Improvement Act is a vital step toward addressing our nation’s housing crisis. Expanding the Housing Credit is the most effective way to increase the supply of affordable housing, leveraging public-private partnerships to build and preserve homes for working families, seniors, and vulnerable communities. At a time when rents are rising and supply is lagging, strengthening the Housing Credit will ensure that more Americans have access to safe, stable, and affordable housing,” said Ayrianne Parks and Jennifer Schwartz, Co-chairs of the ACTION Campaign. “The ACTION Campaign thanks Representatives Darin LaHood, Suzan DelBene, Claudia Tenney, Don Beyer, Randy Feenstra, and Jimmy Panetta for their leadership.”

    “The overwhelming bipartisan support for the Affordable Housing Credit Improvement Act of 2025 underscores the critical need to increase the supply of affordable rental homes,” said Emily Cadik, Chief Executive Officer, Affordable Housing Tax Credit Coalition. “We thank Congressman LaHood, Congresswoman DelBene, Congresswoman Tenney, Congressman Beyer, Congressman Feenstra, and Congressman Panetta for their leadership and the more than 100 bipartisan cosponsors for supporting this commonsense solution to expand and strengthen the Low-Income Housing Tax Credit, a proven, pro-growth tool with a nearly 40-year record of leveraging private investment to fill a critical need.”

    The Affordable Housing Credit Improvement Act will support the financing of nearly two million new affordable homes across the country by:

    • Increasing the number of credits allocated to each state by 50 percent for the next two years and making the temporary 12.5 percent increase secured in 2018 permanent.
    • Increasing the number of affordable housing projects that can be built using private activity bonds. This provision stabilizes financing for workforce housing projects built using private activity bonds by decreasing the amount of private activity needed to secure Housing Credit funding. As a result, projects would have to carry less debt, and more projects would be eligible to receive funding.
    • Improving the Housing Credit program to serve at-risk and underserved communities, including veterans, victims of domestic violence, and rural Americans.

    More information about the legislation’s impact in Washington can be found here. 

    MIL OSI USA News

  • MIL-OSI USA: Luján, Smith Introduce Legislative Package to Support Union Workers, Protect Workers’ Right to Organize

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)
    Washington, D.C. – Today, U.S. Senators Ben Ray Luján (D-N.M.) and Tina Smith (D-Minn.) announced the introduction of the No Tax Breaks for Union Busting Act and the Tax Fairness for Workers Act, two pieces of legislation that will level the playing field for labor organization and restore fairness in the tax code for workers.
    The No Tax Breaks for Union Busting Act:
    U.S. Senators Ben Ray Luján (D-N.M.), Tina Smith (D-Minn.), and Cory Booker (D-N.J.) led 25 Senate colleagues in introducing the No Tax Breaks for Union Busting Act, legislation that levels the playing field for labor organization and ensures workers truly have a fair shot at forming a union. As workers across the country fight for better pay and safer working conditions by unionizing, they often face million-dollar corporate intimidation campaigns to prevent unionization, which corporations are then allowed to write off as run-of-the-mill business expenses. The No Tax Breaks for Union Busting Act would classify business’ interference in worker organization campaigns like political speech under the tax code and therefore make it ineligible for a tax deduction.
    The legislation is supported by the Communications Workers of America Union (CWA), the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), United Steelworkers (USW), Laborers’ International Union of North America (LIUNA), International Association of Machinists and Aerospace Workers (IAMAW), American Federation of Teachers (AFT), International Association of Sheet Metal, Air, Rail and Transportation Workers (SMART), United Food & Commercial Workers International Union (UFCW), American Federation of State, County and Municipal Employees (AFSCME), and the Center for American Progress. Full bill text is available here.
    The Tax Fairness for Workers Act:
    Led by U.S. Senators Tina Smith (D-Minn.) and Ben Ray Luján (D-N.M.), the Tax Fairness for Workers Act would reverse a provision in the 2017 tax reform package that stripped workers of their ability to deduct common expenses incurred as a result of their work. Workers bare the full cost of union dues, which can average $800 per year, but in addition, must pay for work-related expenses like travel, tools, and uniforms – expenses that they can no longer write off after the 2017 tax reform. The Tax Fairness for Workers Act would furthermore create an “above the line” deduction for union dues, so workers can use it even if they don’t itemize. Full bill text is available here.
    “Organized labor built our country and American workers deserve to have a fair shot at forming a union and deserve fairness in the tax code,” said Senator Luján. “The No Tax Breaks for Union Busting Act and Tax Fairness for Workers Act are critical pieces of legislation that will protect workers’ right to organize and support our union workers. I’m proud to partner with Senators Smith and Booker on these critical efforts to strengthen American labor.”
    “Rich and powerful corporations should not be getting tax breaks for making workers’ lives harder.” said Senator Smith. “Workers have a fundamental right to organize for better working conditions. These bills will put working people first and ensure that unionized workers can exercise their right to organize. Corporations don’t deserve tax subsidies for depriving workers of that right, and this legislation would put a stop to it.”
    “American taxpayer dollars should not be used to subsidize union busting,” said Senator Booker. “The No Tax Breaks for Union Busting Act is critical legislation to put an end to corporations receiving tax breaks for interfering with workers’ rights to unionize for better pay and safer working conditions.”
    “It is unacceptable for Congress to support anti-worker tax provisions, especially when they’re considering more tax cuts for the wealthy while ignoring the urgent needs of working families. It’s time to give workers their fair share. Our tax code should prioritize workers organizing to have a voice on the job. That is why we wholeheartedly support the No Tax Breaks for Union Busting Act and the Tax Fairness for Workers Act. We commend Senators Lujan, Smith, and Booker and all those championing a fairer tax system for working families,” said CWA Director of Government Affairs, Dan Mauer.
    “Workers who exercise their fundamental freedom to form and join unions should never face intimidation and retaliation from corporate bosses. As we’ve seen a wave of union organizing across the country over the last several years, we’ve also witnessed a wave of companies using often illegal union-busting tactics to stop their workers from standing together in a union. Companies that bully and intimidate workers who want a union on the job should never reap financial benefits. This legislation would put an end to it. We fully support this important effort to hold union-busting CEOs accountable so they pay meaningful penalties for their blatantly anti-democratic behavior,” said AFL-CIO President Liz Shuler.

    MIL OSI USA News

  • MIL-OSI USA: Ranking Member Stansbury Introduces Resolution of Inquiry Into DOGE’s Unsanctioned Use of Government Data, AI

    Source: United States House of Representatives – Representative Melanie Stansbury (N.M.-01)

    WASHINGTONRep Melanie Stansbury (NM-01), Ranking Member of the Subcommittee Committee on Delivering on Government Efficiency, led Committee Democrats in introducing   Resolution of Inquiry to investigate DOGE’s unsanctioned use of government data and artificial intelligence (AI) and its impact on American privacy and national security. 

    “The American people demand to know why Elon Musk and DOGE are hacking our private and sensitive data and what they are doing with it. This includes Social Security, IRS, Treasury, and other highly sensitive data,” said Rep. Melanie Stansbury (NM-01), Ranking Member of the DOGE Oversight Subcommittee. “Today, I dropped an oversight resolution demanding the Administration provide answers about what it is doing with our data and how it is using Artificial Intelligence to data mine our systems. It is our duty to fight for answers and get to the bottom of what exactly DOGE and Musk are doing with our data.” 

    A Resolution of Inquiry (ROI) would require the Administration to provide documents, communications, and factual information. Once introduced, the committee to which the ROI is referred has 14 legislative days to act on and report the resolution to the House or it will become privileged on the House floor. This action is necessary because the Administration has failed to provide clear information on how DOGE has risked the security of federal information systems, including through the use of AI. Instead, the Administration has deliberately kept DOGE’s actions shrouded in secrecy. 

    The resolution would require the Administration to provide documents, communications, and information regarding:  

    • How data and AI are being used by DOGE at federal agencies; 
    • The federal data and sources of federal data that may have been fed into any AI system; including details of whether any of this information contained sensitive data of American citizens; 
    • Any concerns raised by federal employees that the use of AI violates the Privacy Act or the security of Americans’ personal information; 
    • Any concerns raised by federal employees that the use of AI violated the Advancing American AI Act by failing to publicly disclose current and planned AI use cases; and
    • Lists of federal expenditures, programs, or personnel identified by AI for freezes or cuts.

    On March 12, 2025, Committee Democrats sent letters to 24 federal agencies requesting documentation that any potential use of AI at their agencies complies with federal laws, protects Americans’ sensitive and private data, and does not financially benefit Elon Musk. 

    Click here to read the Resolution of Inquiry. 

    Click here to read the one-pager explaining why this Resolution of Inquiry is necessary and how it works.

    ### 

    MIL OSI USA News

  • MIL-OSI USA: SCHUMER: TRUMP TARIFFS LIKELY TO DRIVE NEW YORK RIGHT INTO A RECESSION; NYC METRO AREA IS ESPECIALLY VULNERABLE AS ONE OF LARGEST TRADE HUBS IN WORLD; SENATOR DETAILS NUMBERS THAT COULD ROT VARIETY OF…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Schumer Warns Over 260,000 NY Jobs Tied To Exports At “Direct Hit” Risk; JP Morgan Says Chance For National Recession Now At 60%–But Schumer Says For New York, That Risk Is Even Higher With EU Seeking To Retaliate At NYC Financial, Accounting & Tech Sector

    Schumer Crunches Numbers To Say, As Of Right Now, Current Tariff Plan Could Cost NYC At Least $20 Billion Dollars; NYC Metropolitan Area Exports Second Most Goods Of Any U.S. Metropolitan Area – Much Of This Could Just Cease With NYC Revenues, Jobs, Investments All Nosediving

    Schumer: Donald Trump’s Pinball Tariff Strategy Will Wreak Total Havoc On NYC & Could Drive A Deep & Needless Recession; Put Down The Golf Club & Pick Up The Papers

    With tariff chaos wreaking havoc on the U.S. economy, U.S. Senator Charles Schumer, today, issued a dire warning, with the numbers and the data to back it up: Trump tariffs are likely to drive New York’s economy right into a recession. 

    “President Trump’s pinball tariff strategy will wreak total havoc on New York City and is likely to drive us right into a recession,” Schumer said. “We’ve crunched the numbers, and what doesn’t look good for the nation, looks far worse for New York City. Some of the Big Apple’s core sectors are being targeted already, New Yorkers face roughly $20 billion dollars in increased costs, and a staggering 260,000 New York jobs are under threat, unless Donald Trump backs off—and that is exactly what I am urging today. Back off, President Trump.”

    Schumer, today, cited numbers that he predicts would go beyond the JP Morgan chances of a national recession while citing specific New York industries and sectors that would be especially slammed as the President’s pinball plans knock out some of New York’s most resilient industries—from finance, to tech and accounting. However, Schumer also cited tourism, fashion and other lifestyle industries across the city that would be equally damaged. 

    Schumer explained an ominous fact, detailing how New York and its metro area is especially vulnerable to the President’s needless tariff war because it is one of the world’s largest trade hubs. Schumer explained that the New York port and area import and export hubs hum with activity that pumps billions of dollars into the New York City economy each year.  

    Specifically, Schumer said that the President’s plans also put over 260,000 New York jobs tied to exports at, what he calls, a “direct hit” economic risk. Schumer explained that JP Morgan released data showing the nation’s chances of a recession are now at 60%–but Schumer says, in New York, the number is much higher. Schumer also said that, right now, the European Union is seeking to retaliate directly at New York City’s financial, accounting and tech sectors. He warned, today, that Asia would be next.  

    Just last week, JP Morgan said that the chance of a recession substantially increased due to President Donald Trump’s tariff announcement. The report, headlined “There will be blood” and dated April 3, warned, “these policies, if sustained, would likely push the US and possibly global economy into recession this year. An update of our probability scenario tree makes this point, raising the risk of a recession this year to 60%.”

    “Disruptive U.S. policies have been recognized as the biggest risk to the global outlook all year,” JP Morgan said last week, adding that the country’s trade policy has turned less business friendly than anticipated.

    “The effect is likely to be magnified through tariff retaliation, a slide in U.S. business sentiment and supply-chain disruptions,” JP Morgan warned. S&P Global, the rating firm, also raised its “subjective” probability of a U.S. recession last week.

    Schumer also pointed to Barclays, and brokerages HSBC, Deutsche Bank and BofA warned last Thursday that the U.S. economy faces a higher risk of slipping into a recession this year if the President’s tariffs remain in place.

    Financial reports say that if the tariffs are sustained, “recession risks will likely rise materially,” Deutsche Bank said in a note, while BofA noted the economy could be pushed to “the precipice of recession,” according to reports. Both Deutsche Bank and BofA predicted tariffs could ‘potentially shave 1-1.5 percentage points from U.S. economic growth this year.’

    And today, Goldman Sachs has now sounded their own alarm, saying the chances of a recession have increased greatly.

    Schumer echoed these warnings and other reports saying Trump’s tariff increase is “largest tax hike since 1968”—comparable to Smoot-Hawley, Schumer says.  

    As for New York City, Schumer is seeing red. Specifically:

    1. Schumer says that Trump’s tariffs will raise costs for NYC and threaten to put the Big Apple straight into a recession:
  • Schumer detailed how NYC is particularly vulnerable:
    • NYC is one of the largest trade hubs in the country, with more than $200 Billion in trade in goods alone each year ($100b imports, $100b exports) – Schumer says this entire subset economy has been fractured, no matter what the President does right now.
    • Schumer can say that Trump’s tariffs will mean a nearly $20 Billion-dollar DIRECT HIT to NYC, and that’s before other countries try to retaliate. Schumer says the EU and Asia have begun the process.
    • 80,000 jobs were already at risk before Trump’s latest announcement, which now threatens the more than 250,000 jobs in New York that are dependent on exports and could be threatened by retaliation.
  • Schumer says key NYC industries are already feeling the effects:
    • NYC’s biggest industries are in information services (financial, accounting, tech), which are the focus of the EU’s potential retaliation, and Schumer says it is clear that Asia will begin retaliation this week.
    • Tourism: Countries like Canada are boycotting travel to US, which has already seen a 23% drop in Canadian travel to US. But Schumer says the pinball tariff strategy will also constrict tourism on a global scale, constricting the global economy and weakening the dollar.  
    • Fashion/Garment industry is facing price increases of 10 to 17% — Schumer says NYC is a fashion and garment hub, from leathers to other textiles, and that the current tariff ‘plan’ will rip the threads out of the NYC fashion and commerce economy.

    Schumer has fought to help New York push back against these pinball tariffs, forcing a vote to rescind Trump’s disastrous tariffs and protect NY consumers.

    Following Democrats’ successful effort to force a Senate vote to pull back Trump’s tariffs on Canada, Schumer pushed an amendment to rescind any tariffs put in place after January 20, 2025 that have increased the costs of groceries, medicines, or other everyday goods, while leaving in place tariffs on adversaries like China, Russia, Iran, and North Korea. Schumer explained he authored the amendment because Congress should be prioritizing reducing costs for families and small businesses, not taxing middle class families to pay for tax cuts for billionaires.

    “Bottom line, Schumer says, Donald Trump’s tariff strategy will wreak total havoc on the New York City economy and is likely to drive us straight into a recession. I urge the President to back off. Put down the golf clubs and pick up the papers and have a look at what is going on because it is anything but ‘great.’”

MIL OSI USA News

  • MIL-Evening Report: A grab bag of campaign housing policies. But will they fix the affordability crisis beyond the election?

    Source: The Conversation (Au and NZ) – By Michelle Cull, Associate professor, Western Sydney University

    Secure and affordable housing is a fundamental human right for all Australians.

    Therefore, it is unsurprising the election campaign is being played out against a backdrop of heightened voter anxiety about rental stress and housing affordability. A growing number of people are unable to access housing that meets their needs.

    And it’s not just low-income earners who are affected by housing pressures. It is also the millions of people who make up middle Australia; the very group that will help determine the election outcome.

    The solution to Australia’s housing problem is complex. We need to start thinking differently about what reform might look like.

    No cheap rents

    For most Australians, housing is their biggest and most unavoidable bill.

    The average national weekly rent for a unit is A$566 a week. It is even higher in capital cities. To afford this comfortably, renters need an annual income of $130,000.

    But for someone on the median income of $72,592 (or $58,575 after tax) half their pay packet is being swallowed by their weekly rent.

    This significantly exceeds the 30% benchmark that is a useful measure of housing affordability stress.

    Million-dollar homes

    The raw numbers are just as eye-watering for home ownership.

    The mean price of a residential dwelling in Australia is around $977,000. For house hunters in New South Wales, the figure is even higher at $1.2 million.

    Rapidly rising house prices over the past few years have contributed to larger home loans and more people with a mortgage.

    Only 13% of homes sold in 2022–23 were affordable for a median income household, with housing prices increasing more rapidly than wages.

    The cascading price pressures mean first home buyers are finding it harder to save for a deposit.

    Policy options

    There is an urgent need for housing reform to overcome the affordability and accessibility challenges. There is no shortage of options available to policymakers.

    For starters, planning rules and zoning regulations could be eased to facilitate more construction. Vacant commercial properties and office spaces could be repurposed as housing.

    Another option includes removing barriers to constructing prefabricated homes, which are more efficient and affordable to build.

    Time to be bold

    Housing reform often involves debate around negative gearing and capital gains tax concessions for property investors. There are mixed results regarding how they would impact housing affordability and accessibility. The unpopularity of such policies at the 2016 and 2019 elections have since hindered any changes.

    But more radical reforms could be considered. They include applying negative gearing to first home buyers, who would benefit by claiming the mortgage interest on their property against their income. The United States allows home-owner couples to claim mortgage interest on the first US$750,000 (A$1.19 million) of their loan to help them secure a home.




    Read more:
    The government is reviewing negative gearing and capital gains tax, but this won’t be enough to fix our housing shortage


    Overseas experience

    The US policy highlights how high housing costs are not exclusive to Australia.

    We could learn from other initiatives adopted overseas. For example, a bylaw passed in Montreal, Canada, requires new developments to include 20% social housing, 20% affordable housing and 20% family units.

    Further, Vienna is known for its progressive social housing policies, which include rental caps and housing security. The housing is high quality and often includes access to communal pools, child care, libraries and other facilities.

    Here in Australia, the major political parties are mindful that the high cost of housing is political kryptonite. They are fighting the May election armed with policies aimed at improving affordability and availability. But will these policies go far enough?




    Read more:
    The government is reviewing negative gearing and capital gains tax, but this won’t be enough to fix our housing shortage


    What the major parties are offering

    Labor plans to increase housing supply by 1.2 million homes over five years by changing zoning and planning rules. This includes 20,000 social housing homes and 10,000 affordable rentals for front-line workers such as police and nurses. It will also increase tax incentives for the build-to-rent program to increase rental supply.

    These policies are likely to improve affordability and accessibility for lower income earners. However, there will be a wait while homes are constructed. It is also expensive at around $10 billion.

    To increase supply, Labor will invest in prefabricated and modular homes, including a national certification system to streamline approvals.

    Labor will also expand the Help-to-Buy scheme so more Australians can purchase their first home, although this may push-up prices through increased demand.

    The Liberal Party’s policy centrepiece is $5 billion to fast track essential housing infrastructure such as water and sewage, to unlock up to 500,000 homes.

    The Coalition is also vowing to free up more housing by reducing immigration by 25% and capping the number of international students.

    For first home buyers, the Liberals want to allow early access to superannuation of up to $50,000, but studies suggest this could backfire by increasing house prices and hurting retirement savings.

    Dream turns to a nightmare

    Voters may find merit in one or more of the proposed policies, but bipartisanship will be essential if we are to solve the housing crisis, regardless of the election outcome.

    And genuine reform involves more than sugar-hit policies that might find favour during election campaigns. It requires bold, decisive action with investment in areas that benefit those most in need.

    Without genuine reform, even more Australians will struggle to put a roof over their heads. The ramifications will be devastating to Australia’s social and economic future.

    The Australian dream of owning a home will be at risk of becoming an even bigger nightmare.


    This is the third article in our special series, Australia’s Policy Challenges. You can read the other articles here and here

    Michelle Cull is a member of CPA Australia, the Financial Advice Association Australia and President Elect of the Academy of Financial Services in the United States. Michelle is an academic member of UniSuper’s Consultative Committee. Michelle Cull co-founded the Western Sydney University Tax Clinic which has received funding from the Australian Taxation Office as part of the National Tax Clinic Program. Michelle has previously volunteered as Chair of the Macarthur Advisory Council for the Salvation Army Australia.

    ref. A grab bag of campaign housing policies. But will they fix the affordability crisis beyond the election? – https://theconversation.com/a-grab-bag-of-campaign-housing-policies-but-will-they-fix-the-affordability-crisis-beyond-the-election-252185

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Rep. Gomez Condemns Trump Admin Using IRS Data Against Hardworking Immigrant Families

    Source: United States House of Representatives – Congressman Jimmy Gomez (CA-34)

    WASHINGTON, D.C. – Today, Representative Jimmy Gomez (CA-34) — a member of the House Ways and Means Committee, which oversees tax policy — released the following statement after the Trump administration’s Internal Revenue Service agreed to share taxpayer information with Immigration and Customs Enforcement (ICE) to target immigrants.

    “The IRS should never be weaponized to target immigrant families,” said Rep. Gomez. “This backdoor deal with ICE shatters decades of trust and may even violate federal law. Taxpayer data is protected for a reason—using it for immigration enforcement won’t secure the border, but it’ll open the door to government overreach and abuse. I’ll do everything I can in the Ways and Means Committee to stop this. No one should fear that filing their taxes puts their family at risk.”

    Under current law, the Internal Revenue Code (26 U.S.C. § 6103) strictly protects the confidentiality of taxpayer information. Historically, the IRS has generally prohibited from sharing tax data with immigration authorities. Any unauthorized disclosure may be a felony offense.

    As the son of immigrants, Rep. Jimmy Gomez (CA-34) has been a strong advocate for immigrant families. He’s a proud supporter of the Dream and Promise Act of 2025, which would provide a clear path to citizenship for Dreamers, Temporary Protected Status (TPS) holders, and Deferred Enforced Departure (DED) recipients. He has called on the IRS and the Department of Homeland Security (DHS) to immediately halt efforts to misuse confidential taxpayer data for immigration enforcement. He is also leading the effort demanding answers from U.S. Citizenship and Immigration Services (USCIS) after the agency abruptly froze funding for the Citizenship and Assimilation (C&A) Grant Program, jeopardizing critical services that help lawful permanent residents become U.S. citizens.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Style Guidelines for ‘The Earth Observer’ Newsletter 

    Source: NASA

    Introduction

    The Earth Observer Editorial Process

    Types of Articles in The Earth ObserverGeneral article format— Announcement article— Feature article— Hybrid article— In Memoriam article— Kudos article— Summary article

    Guidelines for Preparing Articles for The Earth Observer— Writing for the web— Catchy headline— Naming files— Use visuals to draw the reader in— Search engine optimization—— Headline and subheads—— Links—— Alternate text for graphics— Submitting An Outline— Submitting Your Draft

    Specific Style Guidelines— Acronyms— Affiliations— Capitalize Earth, Moon, Sun— Chemical formulas— Compound words— Cross-references— Dates, months, and seasons— Directions and regions— Footnotes— Formal titles— Hyperlinks, the how and the why—— How to insert a hyperlink— Hyphens, en dashes, and em dashes—oh my!!— Italics and quotes— Items in a series— Numbers— Ordinal numbers— References— References to teams— State abbreviations— Typographical emphasis

    Guidelines for Graphics, Photos, Visualizations, Animations— Inserting figures, photos, animations, and visualizations— Caption, credit, and tags— Graphic/photo requirements

    Final Thoughts

    Introduction
    This document contains guidelines to assist you as you prepare articles for The Earth Observer (EO) newsletter. Our Editorial Team appreciates your cooperation in keeping these guidelines in mind as you prepare articles for submission. Our team reviews every article, but following the style guidelines will expedite the editorial process.
    Please be aware that this style guide is a living document and as such continues to evolve. If it has been a while since you have submitted an article for The Earth Observer, please be sure you are using the latest version of the Style Guide. The date of the most recent update is printed in the footer of the document to make it easier to maintain the most current version of the document.
    Editing is sometimes more art than science, and while the Editorial Team will endeavor to follow the rules that follow in most cases, there may be specific cases where the Executive Editor may decide to deviate from these guidelines.
    The Earth Observer Editorial Process 
    The EO has a robust editorial team to assist with the editorial process to maintain the quality and style of the publication.
    The EO editorial staff includes:

    The editorial process is iterative. The author will typically go through two rounds of edits with the EO Editorial Team. The text is then put into a preview layout on a staging server for the author’s final review before the story is published on the EO website.
    Types of Articles in The Earth Observer
    The Earth Observer provides authors an opportunity to tell their compelling stories of Earth Science. As such it does not impose strict word count limits, but the EO has established certain general guidelines that provide a framework to follow for several types of articles.
    General article format
    Please write articles in MS Word and save as a .doc file.
    The article should begin with an introduction that provides the essentials – who, what, where, when, and why – to provide the reader with an overview of the topic to be discussed. For articles about meetings include the number of people who attended (e.g., in-person and virtual) and the objective of the meeting.
    The introduction paragraph is followed by a transition paragraph that takes the reader into the main content of the article. The article should wrap up with a conclusion.
    The suggested page length for each type of article includes inserted visual elements. In addition to the Word file, please also send separate higher resolution files for graphics, photos, animations, or visualizations. More specific requirements are available in the Guidelines for Graphics, Photos, Visualizations, Animations.
    Announcement article
    Announcement articles promote a variety of topics. Historically this type of article includes releases of new or updated Earth Science data products, information on new tools for processing and viewing data, previews of outreach activities for the Science Support Office (e.g., AGU, Earth Day), and details on upcoming science meetings or workshops (i.e., beyond the information conveyed on the NASA science calendar).
    The article is structured like a Feature article, but it is shorter, no more than two pages, including graphics and captions – see Guidelines for Graphics, Photos, Visualizations, Animations.

    For Example: NASA Invites You to Create Landsat-Inspired Arts and Crafts, The Earth Observer, Mar–Apr 2021, 33:4, 13–14. Other examples are available on the archived issues of The Earth Observer.

    If you have an idea for an Announcement article, please email the EO Editorial Team who will work with you on a draft. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    Feature article
    Feature articles cover a wide range of Earth science topics, including satellite mission launches and historic milestones, field campaign updates, data processing tool tutorials, and summaries of NASA Science Support Office outreach events. Typically, these articles span ~8–14 pages (3000–4000 words). There are cases where longer or shorter articles are acceptable.
    A photo essay format for some topics, such as outreach event summaries, offer an option to convey a significant portion of the information using a collection of photos and descriptive captions.

    For Example: Looking Back on Looking Up: The 2024 Total Solar Eclipse

    If you have an idea for an Feature article, please email the EO Editorial Team who will work with you on a draft. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    Hybrid article
    Hybrid articles combine elements of a Feature and a Summary article. Often, these articles start with a few pages of descriptive text about the subject, followed by a summary of a particular meeting. Owing to their hybrid nature, these articles tend to run a bit longer than the standard Summary article. These articles typically range between 8–12 pages (3000–5000 words.)
    If you have an idea for a Hybrid article, please email the EO Editorial Team who will work with you on a draft. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    In Memoriam article
    In Memoriam articles recognize individuals who have played prominent roles in NASA Earth Science. These articles tend to include biographical information about the deceased individual, a brief mention of their education, and a summary of their major career achievements – with emphasis on achievements related to NASA. A typical In Memoriam article layout includes one or more photos, including one of the person being memorialized.

    For Example: In Memoriam: Mary Cleave [1947–2023] The In Memoriam link provides recent examples of In Memoriam articles published in The Earth Observer. Other articles are available by searching the publication’s archived issues.

    This type of article is structured like a Feature article with the exception that the subject is referred to by their first name. In Memoriam drafts should be no more than two pages in Word – including graphics and captions – see Guidelines for Graphics, Photos, Visualizations, Animations.
    If you know someone to eulogize in The Earth Observer for their contributions to NASA Earth Science, please email the EO Editorial Team who will work with you on a draft. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    Kudos article
    Kudos articles acknowledges individuals or groups either within or connected to (funded by) NASA who receive significant NASA-wide awards.
    A Kudo article follows a structure similar to a Feature article. It should be a maximum of one page in Word – including a photo of person(s) or group being honored – see Guidelines for Graphics, Photos, Visualizations, Animations.

    For Example: MOPITT Canadian Principal Investigator Receives Two Awards, The Earth Observer, Mar–Apr 2021, 33:2, 28 [bottom]. Other examples are available by searching through archived issues of The Earth Observer.

    If you know an individual or a group of people worthy of recognition for their NASA-related achievement, please email the EO Editorial Team who will work with you on a draft submission. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    Summary article
    Summary articles provide an overview of recent scientific meetings and/or workshops. Ideally, a Summary article should be no more than 6 pages (~2500 words).
    Provide the flavor of the event rather than describe it in detail. Summarize the overall nature and sense of sessions. The Editorial Team has found that a mix of narrative descriptions of key (usually programmatic) presentations (e.g., plenary sessions) and summaries with less detail for the remaining (e.g., technical) presentations is optimum.
    Now that The Earth Observer is published online, it is the view of the Editorial Team format summary articles using a “minutes-style” report of the meeting. While space no longer precludes publishing such an article as it did in the past, the format does not translate well to the online communication medium. Unless a reader is really interested in the specific topic(s) discussed in the article, it is likely that they will not scroll through to the end – no matter how nice the layout looks.
    If you have an idea for a Summary article, please email the EO Editorial Team who will work with you on a draft. The EO Editorial Team emails are available in the section – The Earth Observer Editorial Process
    Guidelines for Preparing Articles for The Earth Observer
    EOis a hybrid publication, landing somewhere between a science journal and popular science magazine. Therefore, the focus should be on phenomena rather than data. The article provides an opportunity to publicize your mission, research to ~1653 subscribers (as of August 2024) around the world. Please review the content in this guideline before writing your article and reach out to the Editorial Team if you have any questions.
    Writing for the web
    The EO audience ranges from scientists to the general public. When writing an article, use plain language and active voice. When in doubt, write the article so that it would be understandable to a friend or relative not in the field.

    For Example:
    Passive voice: The rate of evaporation is controlled by the size of an opening.
    Active voice: The size of an opening controls the rate of evaporation.

    Avoid using jargon and technical language. When it is necessary to use technical language, please use ITALICS to offset the word in the text. Follow the italicized word with a brief definition or explanation.

    For Example: Inference – formally derived uncertainty for area estimates of biomass, height, or other metrics – can take different forms, each of which includes specific assumptions. In this breakout session, participants considered the strengths and limitations of different inference types (e.g., intensity of computation or the ability to use different models).

    Writing content for a website differs from print. The human eye is more inclined to read shorter paragraphs separated by breaks. It is ideal to keep sentences and paragraphs short.
    Use one space after a period. The two spaces after a period is an artifact of conventional type writers.
    Avoid editorializing in the article. For example, do not characterize a spacewalk as “daring” or “dangerous.” Describe the events factually. If things are described well, readers easily can decide for themselves whether they are daring or dangerous. Never, under any circumstances, insert any personal, political, ideological, or religious opinions or beliefs into NASA news media products.
    Catchy headline
    Write a headline that is short, searchable, and shareable. Try to keep the headline to 60 characters (including spaces). Longer headlines may be invisible to search engines.
    Unlike journal articles, The Earth Observer only includes individuals who made a significant contributions to the EO article. A typical article should only lists one or two authors. In some occasions, an article may have up to four authors. The authors should be formatted as follows:
    First Last, Organization, author email
    If there are more you wish to give credit, consider doing so in an Acknowledgment section, as discussed in the next paragraph.
    Naming files
    For consistency moving documents through the editorial process, please name the file by the file type, the topic, and the author’s last name.

    For Example: announcement_topic_author
     feature_topic_author
     hybrid_topic_author
     memoriam_topic_author
     kudos_topic_author
     summary_topic_author

    Use visuals to draw the reader in
    The Earth Observer is now published online. Visual elements are critical to all EO stories and are a required element to submissions. The Editorial Team would prefer having too many graphics (i.e., photos, figures, animations, and visualizations) than too few. It is helpful to insert this content into the Word file as well as include the graphics as separate files at the time of the initial submission of the draft for editorial review. See the Guidelines for Graphics, Photos, Visualizations, Animations section for more information.
    Search engine optimization
    Search Engine Optimization (SEO) is a broad set of techniques to capitalize how search engines, such as Google, scrub content on the internet. By optimizing how articles are written, it is possible to influence where content shows up in an organic, online search. The different approaches can fill an entire book. This style guide provides a few pointers to help tweak articles to optimize how the content appears in online searches.
    Headline and subheads
    A headline should be clear and compelling to reveal what the content is about as well as entice the searcher to click for more. A SEO headline is a ranking factor in search engine results. A headline can be crafted to rank higher in search results, which increases an article’s visibility and generate more clicks. This can be done by using SEO search terms — those terms that a person would type into a search box — in the headline. Shorter headlines (i.e., 60 characters including spaces) are often more effective during searches.
    Subheads provide a way to organize an article and separates the content into digestible sections. Like headlines, subheads can be optimized for SEO searches. Subheads may include key takeaways from the specific section. Keep subheads clear and concise.
    Links
    Earth Observer articles are now being posted online. Footnotes are no longer a functional option, which is a significant change for authors who have published articles in our print issues in the past. It is helpful to hyperlink words or short phrases in the article that directs the reader to additional content from the meeting, such as presentations, poster sessions, talks by attendees, programs/satellites, journal articles, etc. Relevant links should also be added to captions. See the Hyperlinks section for guidance on how to insert and format a hyperlink in the article.
    Internal links tie content in the article to other pages within an organization, such as NASA, to boost site authority. External links direct a reader to sites outside the organization. This approach also drives up site authority in SEO searches. By connecting relevant pages, it will improve article navigation and ensure users can locate relevant information.
    Alternate text for graphics
    Alternate text, or alt text, is the small description added to visual elements on the back end of a website. Search engines use the alt text to identify relevant content. Alt text also improves accessibility for all users. Tools that read webpages aloud can read alt text to help explain what visual elements contain for the visually impaired.
    Alt text should be concise, accurate, and use keywords. Keywords are highly relevant words or phrases associated with the picture and the content of the article.

    For Example: Figure 1. Forty SWOT Early Adopter (EA) teams span the globe with a wide range of operational and applied science project topics.
    Figure credit: NASA
    Key word tag: A global map showing the locations of early adopter organizations.

    Submitting An Outline
    An outline is not requiredprior to submitting the first draft of an article, but an outline may be beneficial for lengthy articles (i.e., features, hybrids). Outlines are particularly helpful for first-time authors or when an author is seeking guidance about the appropriateness of content for The Earth Observer. It is hard for the team to comment without seeing something in writing. More generally, submitting an outline presents an opportunity for the editorial team to provide input on the article during the writing process – as opposed to waiting until the first draft is submitted.
    Submitting Your Draft
    Do not submit a draft for review unless it is complete (i.e., contains all visual elements, captions, credits, and content). Unless you clearly indicate otherwise, the Editorial Team will assume your submission is ready for them to review. Version control problems result when text is updated after reviews have started.
    The initial draft submitted for editorial review should include graphics. including captions and credits. The editorial process is delayed when graphics, credits, and captions are added iteratively once the process has begun.
    Specific Style Guidelines
    Over more than 35 years as a NASA publication, The Earth Observer has developed its own unique style. Please review these specific guidelines detailed below, and let the Editorial Team know if you have any questions. In addition, The Earth Observer also adheres to the NASA Stylebook and Communications Manual, 9th edition (June 2020), which is closely aligned with the AP Stylebook.
    Acronyms
    Science is rife with acronyms. On first usage, always spell out the acronym and follow with the acronym in parenthesis. From that point on in the article, use the acronym. To ensure photos, figures, visualizations, and animations are understandable if removed from the larger text, please spell out acronyms in captions.
    Well-known acronyms (e.g., NASA, U.S., etc.) do not need to be spelled out. Separate the acronym for United States (e.g., U.S.) and United Kingdom (e.g., U.K.) with periods.

    For Example: Level-1 (L1), Global Ecosystem Dynamics Investigation (GEDI), International Space Station (ISS), Precision Orbit Determination (POD), etc.

    Only capitalize proper nouns as defined by the dictionary or AP style. The Earth Observer style does capitalize the first letter of a specific product that will be turned into an acronym.

    For Example: Do not capitalize the first letter of each word in “solid rocket booster (SBR),” even though the subsequent use of the acronym SRB will appear in the article.

    A compound acronym arises when parentheses occur inside of parentheses. In this situation, use [BRACKETS] for the outer set of parentheses and (PARENTHESES) for those inside.

    For Example: Thomas Neumann [GSFC—Deputy Director of GSFC’s Earth Sciences Division (ESD)] welcomed meeting participants on behalf of the ESD.

    Affiliations
    Use a possessive for an organization when it is part of NASA. Do not use a possessive when using the agency as an adjective.

    For Example: NASA’s Goddard Space Flight Center (GSFC); subsequent references would just use “GSFC.”

    For Example: SWOT data products available through PO.DAAC provides centralized, searchable access that is available using an in-cloud commercial web service through the NASA EarthData portal.

    Write out an organization that is not part of NASA.

    For Example: Gustavo Oliveira [Clark University] presented details on the project “Irrigation as Climate-Change Adaptation in the Cerrado Biome of Brazil.”

    When multiple “levels” of affiliation are listed, start with the “top-level” affiliation as a possessive followed by lower level. If the affiliations are mentioned again later in the article, only the acronym for the lowest level needs to be repeated.

    For Example: For NASA’s Goddard Space Flight Center’s Global Modeling and Assimilation Office (GMAO), subsequent references to this entity would be “GMAO.”

    For Example: For University of Maryland, Baltimore County’s Earth System Science Interdisciplinary Center (ESSIC), subsequent references to this entity would be “ESSIC.”

    When a person is affiliated with two (or more) distinct entities, separate the two entities by slashes.

    For Example: Project Scientist Felix Landerer (NASA/JPL), followed by detailed assessments of the G-FO mission and operations status from the core SDS centers and flight operations teams.

    When a NASA Center and contractor are listed, please list the NASA Center followed by contractor and separate the two entities by a slash.

    For Example: NASA’s Goddard Space Flight Center (GSFC)/Global Science & Technology, Inc. (GST).

    Capitalize Earth, Moon, Sun
    NASA capitalizes the first letter in Earth, Moon, and Sun.In addition, do not use the modified ‘the’ before Earth.

    For Example: This strategy acknowledges the urgency of global changes, such as accelerating environmental shifts, understanding Earth’s interconnected systems, and developing scalable information.

    Chemical formulas
    Chemical formulas should be treated like acronyms. Spell out a chemical formula upon first use in an article followed by the chemical formula in parenthesis. Use appropriate subscripts and superscripts in the chemical formula. From that point onward, use the chemical formula in the article.

    For Example: The data show that global and East Asian emissions of oxides of nitrogen (NOx) have decreased since 2010, contrasting India and Southeast Asia’s rising trends. In Southeast Asia, NOx and sulfur dioxide (SO2) emissions increased from 1990–2018, while black carbon (BC) emissions peaked in 2007.

    Compound words
    Make one word out of all compound words (e.g., multipurpose, multiangle).
    Exception: Hyphenate cases where the same vowel repeats (e.g., bio-optical, multi-imager).
    Cross-references
    It is common to reference a previous EO article to provide context and background for the current story. The Editorial Staff recommends authors cross-reference prior EOarticle. The title of the article, volume, issue, and page range in parenthesis. The information should be italicized, except for “The Earth Observer,” which should be plain text.
    The name of the cross-referenced article should be hyperlinked to that article. You can find past Earth Observer newsletters on the archive page.

    For Example: ESIP was created in response to a National Research Council (NRC) review of the Earth Observing System Data and Information System (EOSDIS). (To learn more about EOSDIS, see Earth Science Data Operations: Acquiring, Distributing, and Delivering NASA Data for the Benefit of Society, in the March–April 2017 issue of The Earth Observer [Volume 29, Issue 2, pp. 4–18].) As NASA’s first Earth Observing System (EOS) missions were launching or preparing to launch, the NRC called on NASA to develop a new, distributed structure that would be operated and managed by the Earth science community and would include observation and research, application, and education data.

    Dates, months, and seasons
    When referencing a date, spell out the month, followed by the day (if included) and year. This style differs from AP. A comma always follows a year if the date is written in-line of the sentence.

    For Example: January 27, 2022; January 2022
    For Example: PACE launched on February 8, 2024, from Vandenberg Space Force Base in California.

    Capitalize a season followed by a year, but not when just referring to a season.

    For Example: Spring 2022; summer

    Spell out time zones, such as Eastern Daylight Time, and thereafter replace with the acronym (i.e., EDT).

    For Example: In Cleveland, the eclipse began at 1:59 PM. Eastern Daylight Time (EDT), with totality spanning 3:13–3:17 PM.

    Directions and regions
    EO articles follow AP style for directions (e.g., north, south, east, west, northeast, southwest, norther, western, southern, eastern). The directions should be lowercase when indicating a compass direction and when it is used to describe sections of states or cities.

    For Example: The cold front is moving east.

    The direction should be capitalized for a proper name or large regions. 

    For Example: NASA’s South/Southeast Asia Research Initiative (SARI) is a regional initiative under the LCLUC program that addresses the critical needs of the South/Southeast Asia region.
    For Example: West Virginia or North Dakota

    Footnotes
    The Earth Observer has transitioned to an online publication. Footnotes will no longer be used in articles. Instead of footnotes, the publication will use hyperlinks to direct readers to additional content. Refer to the section on Hyperlinks for more information on how to include a hyperlink in an article. A good mantra to follow – if you are unsure if a reference is needed, leave it out.
    Formal titles
    Formal titles, such as Ms. or Dr., are used in articles that are more personal, such as Kudos, In Memoriam, and The Editor’s Corner. For all other articles, the professional title is not used. When you introduce a person in the story, present the name in BOLD followed by their agency and position in ITALICS, offset by brackets.

    For Example: First Last [Agency—Job Title] began by providing an update on the status of the new launch date for the. . . .

    After the individual is introduced in the article, EO style follows a particular style for using the name again. If the individual’s name is included in the same paragraph where the person was introduced, only use the last name [UNBOLD]. If the individual is mentioned later in the article, several paragraphs removed from introduction, use the full name [FIRST LAST, UNBOLD].
    Hyperlinks, the how and the why
    Prior to moving online, The Earth Observer used footnotes to reference information in an article. The online publication will now use hyperlinks to refer the reader to additional content on a topic. As a general rule, hyperlink content regarding missions, instruments, field campaigns, models, papers, and other programs named in the article. It is not necessary to link to each individual institution mentioned when individuals are identified in summaries.
    How to insert a hyperlink
    The first step in this process is to identify the anchor text to highlight in the sentence. The anchor text includes a word or phrase that points the reader to additional content.

    For Example: Anchor text: Volume 35 Issue 6 of The Earth Observer

    Find the Uniform Resource Locator (URL) for the webpage. The URL is an address that specifies the location of a resource on the internet.

    For Example: URL: https://eospso.gsfc.nasa.gov/sites/default/files/eo_pdfs/EO%20Nov-Dec%202023-Digital%20508.pdf

    Note: When inserting a link to a prior published article from The Earth Observer’s archive, be certain to capture the URL for the first page of the referenced article, as opposed to the issue’s first page.
    To insert a hyperlink, copy the URL from the website where the additional content can be found. Select the word or phrase to use as anchor text. Do not include an acronym as part of the anchor text for a hyperlink. Select the hyperlink command under the Insert dropdown menu. Paste the URL into the link box. Be sure the ‘Web Page or File’ tab is selected (not the Email tab). The hyperlinked text will appear blue and underlined.

    For Example: It is possible to find this information in Volume 35 Issue 6 of The Earth Observer.
    For Example: The Hyperwall presentation highlighted recent discoveries from the James Webb Space Telescope (JWST) mission.

    Hyphens, en dashes, and em dashes—oh my!!
    Hyphen: – A hyphen is used to separate compound adjectives or words.

    For Example: The satellite reached a near-Earth orbit.

    En Dash: – An en dash spans the length of a typed lowercase ‘n.’ This special character is used to separate numbers.

    For Example: The meeting was held March 5–8 in Denver, CO. [Note there is no space between the numbers in this example.]

    The Earth Observer style follows the NASA style guide that uses an en dash to insert a pause in the sentence. The en dash is set apart by a space on either side. In this instance, the en dash is used instead of an em dash.

    For Example: The passport identified six hidden images – all six posters from the Science Explorers Poster Series– strategically placed within the exhibit’s perimeter.

    You can insert an en dash in Word on a Mac by typing the “Option” and “hyphen/dash” keys simultaneously.
    You can also insert an en dash in Word using the Insert tab and select Advanced Symbols. A box will open with a variety of characters. Select “Garamond” from the Font pulldown menu (Garamond is the newsletter’s preferred font), then select the – symbol (or “en dash”) from the array of options displayed. You will then see a confirmation of your selection appear below the symbol options (i.e., “Insert [Garamond] character 150 (Unicode character 2013).” Please note: the character number (150 in the case of Garamond) could be different. For example, an en dash in Palatino font is character 208.

    Em Dash: — An em dash spans the length of a typed lowercase ‘m.’ This special character is used when separating the organization and the job title when introducing a person in the article. In other styles, the em dash is used as a pause in a sentence. Following NASA style guidelines, the pause is provided by the en dash.

    For Example: Thomas Neumann [GSFC—Deputy Director of GSFC’s Earth Sciences Division (ESD)] welcomed meeting participants on behalf of the ESD.

    You can insert an em dash in Word by going to the Insert tab and selecting Advanced Symbols. A box will open with a variety of characters. Select character 151. For more detailed guidance, please refer to the section above regarding how to insert an en dash.

    Italics and quotes
    Place Latin phrases in ITALICS (e.g., in situ, a priori, ad hoc, ex officio) on every appearance in the article. Do not italicize abbreviated Latin phrases (e.g., i.e., a.k.a., et al.). Use the Latin phrase i.e., instead of ‘such as’ and e.g., instead of ‘that is to say.’

    For Example: The Afternoon Satellite Constellation, a.k.a., the“A-Train,” can see Earth in a whole new dimension.
    For Example: Guy Schumann [Water in Sight]explained this Swedish start-up company uses SWOT data to validate in situ gauge data in Malawi.

    Place technical language in the text in ITALICS followed by a definition. Only use the italics on the first usage of the word.

    For Example:There were several large polynyas – areas of open ice where sea ice would be expected – detected.

    Items in a series
    The Earth Observerdeviates from AP style in the use of commas in a list or series. Use the Oxford comma in a series of items.

    For Example: The sensor measures at three different wavelengths corresponding to blue, green, red, and infrared light.

    In more complex series where one of the items is a series of items within a series, it is permissible to use semi-colons to separate the series (see below).

    For Example: The blue, green, and red channels; the two-infrared channels; and ultraviolet channel were all impacted.

    Numbers
    In the article, spell out zero to nine. Use numerals for any number greater than or equal to 10. If a sentence contains several numbers, excluding a year, that are both greater than and less than 10, use the numerals for all numbers.

    For Example: Improving the data calibrations of the acceler­ometer measurements – which are noise contaminated on one of the two G-FO spacecraft – remains a core focus of the project SDS team.
    For Example: The NASA Hyperwall served as the backdrop for 57 Hyperwall Storiesat the meeting, including 8 presentations delivered by the 2023 winnersof the AGU Michael Freilich Student Visualization Competition.
    For Example: Following the project team’s status presentations, there was a 30-minute session to answer questions from the science community and discuss in more detail the mission performance, near-term operations and data processing plans, as well as to gather suggestions and feedback from the community.

    Ordinal numbers
    Ordinal numbers are words representing position or rank in sequential order. The EO follows AP rules in how to present ordinal numbers in an article. Spell out one through nine and use figures for 10 and above. This rule holds for article headlines and subheads.

    For Example: AEOIP Holds Third Annual Workshop
    For Example: As GPM is now well into its 10th year in orbit, the time is fitting to reflect on and celebrate what this mission has accomplished and showcase its contributions to science and society.

    References
    The Earth Observer is not a peer-reviewed journal and typically does not include a list of references. It is helpful to hyperlink key words/phrases to other resources, such as journal articles. See Hyperlinks section to learn how to insert and format this text.
    In rare instances when a formal reference is required (e.g., referencing a Figure that originally appeared in another journal article), please use theAmerican Meteorological Society format.
    References to teams
    In a story, spell out “Science Team (ST)” in the first instance and use the team acronym from that point forward in the story.

    For Example: The Precipitation Measurement Mission (PMM) Science Team (ST) includes more than 20 international partners.

    For other named teams, use the initial caps for the team name and then use “Team” as shorthand afterwards (e.g., “Informatics Team” first time, then abbreviate as “Team” subsequently).
    Do not capitalize generic references to a team (e.g., a team of experts).
    State abbreviations
    The Earth Observer differs from AP style in how it presents state abbreviations. This publication uses the two-letter postal code for state abbreviations.

    For Example: The meeting was held March 5–8 in Denver, CO.

    Typographical emphasis
    Please do not use specialized typographic formatting (e.g., Heading 1, Heading 2, etc.). Instead, please use internal formatting (e.g., BOLD and ITALIC) as directed in the style guide (e.g., headings, subheads, author/speaker names, etc.). If you do use the specialized typographic formatting, it affects the insertion and layout of text on the EO website, which takes time to correct and slows publication.
    When inserting a table, do not use framed or shaded boxes.
    Units
    Do not spell out units. Use the standard abbreviation. Include both English and metric units in the text. One exception is The Editor’s Corner column, which does not use both the English and metric units.

    For Example: The data collected from G/G-FO has a native resolution of about 300 km (~186 mi).

    Guidelines for Graphics, Photos, Visualizations, Animations
    The EO supports several visual options to enhance the text of an article. A figure refers to a visual display of data. An photo refers to a photograph. An animation is a series of images or model results that illustrate a concept. A visualization is a video of content.
    To maintain a consistent design for The Earth Observer, please insert the graphic, photo, animation, or visualization in the appropriate location in the Word document. Along with the Word document, please submit the photo, graphic, visualization, or animation as separate files.
    Inserting figures, photos, animations, and visualizations
    Upon first usage in the text, include the correct graphic descriptor (i.e., figure, photo, animation, or visualization) and appropriate number in the text in bold. Restart numbering for each visual element type (e.g., Figure 1, Photo 1, Figure 2, Figure 3, Photo 2, Visualization 1).

    For Example: The GMI is a 13-channel conically scanning PMW radiometer providing observations across a wide swath (885 km or ~550 mi) to estimate precipitation – see Figure 1.

    The EO editorial staff ask that no additional formatting be used when inserting these files into the Word document. At the location in the text where the photo, figure, animation, or visualization should appear in the story, advance the text by two lines. Place the cursor in the first blank line. Go to the insert tab and select the picture icon. Select ‘Picture from File’ from the dropdown. Navigate to the location on your computer where the file is located and select ‘Insert.’

    Caption, credit, and tags
    After inserting the figure, photo, visualization, or animation, provide a caption and credit. It is important to think of the caption and credit as stand-alone items in the story.
    The graphic may need to be revised to accommodate EO style. Remove indicators, ‘a’, b’, etc from panels or items of note. EO style requires that different panels or points of interest in the graph should use “pointers,” such as top, middle, bottom.
    The caption should be descriptive and not overly technical. It should convey the content in image/figure without relying too heavily on the surrounding text to add context. Relevant links should also be added to captions. Spell out all acronyms, whether for equipment or institutions, are already spelled out in the text, because the image can be lifted from the article and used without the article where it originated. The pointer in the caption should be enclosed in brackets and the text ITALICIZED (e.g., [left]).
    The credit line should include the name of the institution or individual who should be credited for the image/figure/photograph. If an institution is listed, write the name [NO ITALICS]. Ifan individual is listed, include their institution in brackets. If the credit refers to a journal article, please use a reference to the journal (e.g., Williams et al. 2024) and link the credit reference to the DOI for the journal article. Note: there is no period after the credit line.

    For Example:
    Photo 1. Group photo of 2024 Quadrennial Ozone Symposium in-person attendees at the University of Colorado, Boulder’s University Memorial Center.
    Photo credit: Chelsea Thompson [National Oceanic and Atmospheric Administration]
    Photo 2. Sophie Godin-Beekman presents awards during the QOS dinner. Luke Western accepts the Dobson Award [left]; [Herman Smith receives the Farman award [middle]; and Valerie Thouret accepts the Farman award on behalf of Philippe Nédélec [right].
    Photo credits: Irina Petropavlovskikh [CIRES Global Monitoring Laboratory]
    Figure 1.Annual mean anomalies of ozone (%) in the upper stratosphere [top three panels] near 42 km (26 mi) altitude or 2-hPa pressure, and for the lower stratosphere, [bottom three panels] near 22 km (14 mi) or 50 hPa for three zonal bands: 35°N–60°N [top graph in each grouping] , 20°S–20°N [middle graph in each grouping], and 35°S–60°S [bottom graph in each grouping]. Anomalies are with respect to the 1998–2008 baseline. Colored lines correspond to different long-term satellite records. The black line is the merged ground-based dataset. The gray-shaded area shows the range of chemistry–climate model simulations from CCMI-1 refC2 (SPARC/IO3C/GAW 2019).
    Figure credit: from the BAMS State of the Climate in 2023

    Along with the caption, please include alternate keywords to include with the graphic. The alternative text does not appear with the article, but is added to the backend of website (i.e., Content Management System). The alt text aids in SEO. See the section on Search Engine Optimization for additional guidance.

    Key word tag: A global map showing the locations of early adopter organizations.

    If a figure or photo contain multiple elements, provide directionals in the caption to direction the reader to the different elements. The directionals should be italicized and in brackets. When referencing multiple Figures at once, use an en dash to separate the figure numbers.

    For Example [in text]: After the presentation, the attendees heard from Karen St. Germain [NASA HQ—Director of NASA’s Earth Science Division], who gave inspiring remarks and answered questions for 15 minutes – see Photos 6–7.
    For Example: Photos 6–7. Former NASA astronaut Paul Richards takes audience questions at the NASA Earth Day event. Credit: NASA
    For Example: Figure 2. The Ghana Climate Hazards Center Coupled Model Intercomparison Project Phase 6 climate projection dataset map of temperatures exceeding 41 °C (106 °F) [left], future climate projection (SSP) for 2050 [middle], and the difference between the two [right]. Figure credit: Williams et al. 2024

    Graphic/photo requirements

    Photos and graphics should be at least 1440 pixels wide. If the photo is small or low resolution, padding will be added to each side to fit the dimensions for the website.
    Provide high-resolution graphics source files of all graphics. Submit graphics and photos as a .gif, .tif, or .eps file.
    Do not resize photos or graphics.
    Submit raw data in plain text for tables. The Editorial Team will reconfigure the content into tables to insert on the EO website.

    Final Thoughts
    There are many style topics not specified here. As stated earlier, the NASA Stylebook and Communications Manual and AP Style Guide (in that order) should be followed when something is not explicitly described in this guide.
    In addition, previous articles from The Earth Observer (particularly those from recent years) can serve as templates for future articles. It is a good idea when preparing to submit an article to look at some previous articles available in The Earth Observer archive.
    The Earth Observer: Editorial GuidelinesLast Updated: 01/30/25 

    MIL OSI USA News

  • MIL-OSI USA: Kemp: March Tax Revenues Up 7%; Adjusted YTD Up 0.4%

    Source: US State of Georgia

    ATLANTA – The State of Georgia’s net tax revenue collections in March totaled $2.5 billion, for an increase of $163.3 million, or 7 percent, compared to March 2024 when net tax collections totaled nearly $2.34 billion. Year-to-date, net tax revenue collections totaled almost $24.04 billion, for an increase of $543.1 million that was driven largely by the collection of the state’s motor fuel excise tax, which was suspended by Executive Order for a period of two and a half months during FY 2024. Adjusting for the year-over-year motor fuel tax changes, year-to-date net tax revenue collections for the period ending March 31 were up $82.8 million, or 0.4 percent. 

    The changes within the following tax categories account for March’s overall net tax revenue increase:

    Individual Income Tax:  Individual Income Tax collections for the month totaled $1.13 billion, for an increase of $131.3 million, or 13.2 percent, compared to last year when net Individual Tax revenue totaled $998.3 million.

    The following notable components within Individual Income Tax combine for the net increase:

    • Individual Income Tax refunds issued (net of voided checks) increased by $67.3 million or 10.6 percent
    • Income Tax Withholding payments increased by $149.7 million, or 10.5 percent, over March FY 2024
    • Individual Income Tax Return payments were up by $27.2 million, or 28.5 percent, compared to FY 2024
    • All other Individual Tax categories, including Estimated Tax payments, were up a combined $21.7 million

    Sales and Use Tax: Gross Sales and Use Tax collections during March totaled $1.44 billion, for an increase of $18.2 million, or 1.3 percent, from FY 2024. Net Sales and Use Tax increased by $61.2 million or 9.7 percent compared to last year when net Sales Tax totaled $630.7 million. The adjusted Sales Tax distribution to local governments totaled almost $728 million, for a decrease of $2.8 million, while Sales Tax refunds fell by $40.2 million, or 66.2 percent.

    Corporate Income Tax: Corporate Income Tax collections for March decreased by $29.7 million, or 8.3 percent, compared to March 2024 when net Corporate Tax revenues totaled $356.7 million for the month.

    The following notable components within Corporate Income Tax make up the net decrease:

    • Corporate Income Tax refunds issued (net of voids) were down $34.2 million or 38.5 percent from FY 2024
    • Corporate Income Tax Estimated payments increased by $54.9 million, or 972.4 percent, compared to last year
    • Corporate Income Tax Return payments decreased by $70.1 million, or 31.2 percent, from March FY 2024
    • All other Corporate Tax payments, including S-Corporation payments, were down a combined $48.6 million

    Motor Fuel Taxes:  Motor Fuel Tax collections during the month decreased by $2.1 million, or 1.2 percent, from last year when motor fuel tax collections totaled $178.2 million in March.

    Motor Vehicle – Tag, Title & Fees:  Motor Vehicle Tag & Title Fee collections for the month increased by $7.8 million, or 25.5 percent, while Title ad Valorem Tax (TAVT) collections decreased by $0.3 million or 0.4 percent.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Special traffic and transport arrangements for departure of concert spectators at Kai Tak Sports Park

    Source: Hong Kong Government special administrative region

    Attention duty announcers, radio and TV stations:

    Please broadcast the following special announcement immediately, and repeat it at frequent intervals:

         The concert at Kai Tak Stadium of the Kai Tak Sports Park (KTSP) is scheduled to end later tonight (April 8). As a large number of spectators is expected to disperse at the same time, the Transport Department (TD) urges those leaving the venue to take the MTR if possible. The TD has been steering public transport service arrangements and the overall traffic conditions have mostly been smooth so far:

         MTR:

    • The interval between trains of the Tuen Ma Line will be further enhanced to about 2.5 minutes and the service level of the northbound East Rail Line (ERL) will also be enhanced accordingly;
    • Of note, for cross-boundary travellers, the last train to Lo Wu Station on the ERL via interchanging at Tai Wai Station will depart from Sung Wong Toi Station at 10.59pm and Kai Tak Station at 11.01pm;

         Special bus routes:

    • Eleven special bus routes have been arranged at the Sung Wong Toi Road Pick-up/Drop-off Area departing for ports and major districts across the territory;
    • Cross-boundary travellers may take route No. SP12 to Lok Ma Chau (San Tin) Public Transport Interchange and transfer to the Lok Ma Chau-Huanggang cross-boundary shuttle bus (Yellow Bus) to Lok Ma Chau/Huanggang Port; or route No. A25S to the Hong Kong-Zhuhai-Macao Bridge (HZMB) Hong Kong Port and transfer to the HZMB shuttle bus (Gold Bus) to Macao and Zhuhai; and

         Taxis:

    • In view of an outflux of spectators, the waiting time is anticipated to be longer. Patience is appreciated. The TD has made all-out efforts with the taxi trade to mobilise more taxis for picking up passengers, including disseminating to the trade directly real-time information on passengers queuing. The KTSP has also mobilised taxis via the instant messaging platform.

         Spectators are advised to take heed of the real-time information via the on-site broadcast and the “Easy Leave” platform (easyleave.police.gov.hk) as well as the latest traffic news through the TD’s website (www.td.gov.hk), the “HKeMobility” mobile application and radio and television broadcasts.

    MIL OSI Asia Pacific News

  • MIL-OSI Security: Final sentence imposed in multimillion-dollar money laundering conspiracy

    Source: Office of United States Attorneys

    HOUSTON – A 49-year-old naturalized citizen from Arlington has been ordered to prison for unlicensed money transmitting and money laundering, announced U.S. Attorney Nicholas J. Ganjei.

    Nhiem Thi Dan “Sam” Nguyen entered a guilty plea Oct. 5, 2021. 

    U.S. District Judge Keith Ellison has now sentenced Nguyen to serve 40 months in federal prison to be immediately followed by one year of supervised release. She will also forfeit $76,848 in cash seized at the time of her arrest and another $17,801.52 in seized accounts. Judge Ellison found Nguyen managed others in the conspiracy and did not commit the crimes inadvertently.

    “Money transmitters are regulated specifically to avoid the type of criminal facilitation that took place here,” said Ganjei. “Drug trafficking organizations spread misery, addiction, and violence, but they are fueled by cash. Money laundering schemes allow criminals to convert their ill-gotten gains into spendable currency, and so it’s always a win for the public when we can put one of these launderers out of operation.”

    “In any scheme, criminals have to get the money distanced from the crime to avoid detection, which is the criminal business Nguyen and her accomplices ran. They were big players in the deception and lies that allowed drug money and other cash to be moved almost undetected. I say ‘almost’, because we caught them,” said acting Special Agent in Charge Lucy Tan, of IRS Criminal Investigation’s Houston Field Office. “These conspirators set up various accounts, some even moved cash themselves. When you touch money, cash or virtual currency, you leave a trail for us to follow and that’s the expertise of IRS-CI special agents.”

    Nguyen was the top lieutenant in an unlicensed money transmitting business that Vinh and Diana Phan and others ran. The illegal business transmitted funds received in the form of bulk U.S. currency. During the course of the approximately 21-month conspiracy, the unlicensed money transmitting business received and transmitted more than $33 million in cash. 

    At least some of this cash had been earned from the trafficking, distribution and sale of controlled substances, including approximately $9 million received from Branden Denver Richards, Douglas Paul Michael Davis and Michael Dean Richards. All were members of a Dallas-area drug trafficking organization.

    The Phans and Nguyen introduced this bulk cash into the banking system through more than nine “money mules.” The Phans then used the funds to buy virtual currency which was sold for cash in California – the state where the controlled substances originated. The Phans used virtual currency to eliminate the risk of driving cash across the country.

    The Phans and Nguyen did not register their money transmitting business with the Department of the Treasury nor did the state of Texas license them to engage in money transmission.

    Nguyen was the last of six to be sentenced. Vinh Quang Phan and Diana Le Phan, 59, and 47, a Houston-area married couple, received prison terms of 10 years and were ordered to pay $80,000 in fines and forfeit their home and more than $486,000 in cash and seized accounts.

    Branden Richards, 33, Little Elm, was ordered to serve five years in prison, while Davis, 31, Keller, and Michael Richards, 36, Frisco, were both ordered to serve two years.

    Nguyen was permitted to remain on bond and voluntarily surrender to a Federal Bureau of Prisons facility to be determined in the near future.

    IRS Criminal Investigation-led South Texas High Intensity Drug Trafficking Areas Financial Crimes Task Force conducted the investigation with assistance from Drug Enforcement Administration, Houston Police Department and the Organized Crime Drug Enforcement Task Forces (OCDETF). OCDETF identifies, disrupts and dismantles the highest-level drug traffickers, money launderers, gangs and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state and local law enforcement agencies against criminal networks. Additional information about the OCDETF Program can be found on the Department of Justice’s OCDETF webpage.

    Assistant U.S. Attorneys Stephanie Bauman and Eun Kate Suh prosecuted the case with assistance from Deputy Chief Brandon Fyffe of the Asset Recovery Section.  

    MIL Security OSI

  • MIL-OSI Security: Boston City Councilor Agrees to Plead Guilty to Federal Public Corruption Charges

    Source: Office of United States Attorneys

    City Councilor for Boston’s District 7, Tania Fernandes Anderson, allegedly pocketed $7,000 cash from staff member’s city-funded bonus

    BOSTON – Boston City Councilor Tania Fernandes Anderson has agreed to plead guilty to federal public corruption charges in connection with an alleged kickback scheme to obtain thousands of dollars in cash from a staff member in exchange for a large bonus.

    Tania Fernandes Anderson, 46, of Boston, has agreed to plead guilty to count one of wire fraud and one count of theft concerning a program receiving federal funds. A plea hearing has not yet been scheduled by the Court. In December 2024, Fernandes Anderson was indicted by a federal grand jury. Per the plea agreement, the government is recommending a sentence of one year and one day in prison to be followed by three years of supervised release and restitution in the amount of $13,000.

    Fernandes Anderson currently serves as City Councilor for Boston’s District 7, which includes Roxbury, Dorchester, Fenway and part of the South End. She was first elected to a two-year term in November 2021 and won re-election in November 2023.

    According to the charging documents, in or about 2022, Fernandes Anderson hired two members of her immediate family as salaried employees of her City Councilor Staff. Because City Councilors are prohibited by law from hiring immediate family members to their paid staff, Fernandes Anderson was required to terminate their salaried employment in or about August 2022. Additionally, from in or about March 2023 to May 2023, the Massachusetts State Ethics Commission notified Fernandes Anderson of its findings and that it would be seeking a $5,000 civil penalty payment from her.

    It is alleged that, in or about November 2022, Fernandes Anderson allegedly emailed a City of Boston employee regarding her hiring of Staff Member A – a relative of Fernandes Anderson who was not an immediate family member – as a salaried employee. In her email to the City of Boston employee, it is alleged that Fernandes Anderson falsely represented that she and Staff Member A were not related:

    From in or about early to mid-2023, Fernandes Anderson was allegedly facing personal financial difficulty, which included the outstanding $5,000 civil penalty payment to the Ethics Commission. It is further alleged that, in or about early May 2023, Fernandes Anderson told Staff Member A that she would give them extra pay in the form of a large bonus, but that Staff Member A would have to give a portion of the bonus back to Fernandes Anderson. Staff Member A agreed to the arrangement with Fernandes Anderson.  

    On or about May 3, 2023, Fernandes Anderson allegedly sent an email to a City of Boston employee to process bonus payments for her City Councilor Staff. In the email, Fernandes Anderson instructed the City of Boston employee to process a bonus payment of $13,000 to Staff Member A – more than double the total bonuses paid to all other Fernandes Anderson staff combined. Fernandes Anderson allegedly did not disclose the bonus kickback arrangement she had made with Staff Member A to the City of Boston employee.

    Staff Member A deposited the bonus check on or about May 26, 2023 into their account at Santander Bank. It is alleged that, at Fernandes Anderson’s direction, Staff Member A then made separate cash withdrawals of the payment on three separate dates: $3,000 on May 31, 2023; $3,000 on June 5, 2023; and $4,000 on June 9, 2023.

    It is alleged that, on June 9, 2023, immediately following the final cash withdrawal, Fernandes Anderson and Staff Member A arranged to meet in a bathroom at Boston City Hall. There, Staff Member A allegedly provided Fernandes Anderson with $7,000 in cash:

    According to the signed plea agreement, for tax years 2021, 2022 and 2023, Fernandes Anderson filed fraudulent federal income tax returns with the IRS. Specifically, it is alleged that Fernandes Anderson willfully omitted: approximately $11,000 in income that she earned from a Massachusetts-based corporation from her 2021 tax return; campaign funds that she used for her own personal enrichment from her 2022 and 2023 tax returns; and the $7,000 kickback that she received from Staff Member A from her 2023 tax return.

    The charge of wire fraud provides for a sentence of up to 20 years in prison, three years of supervised release and a fine of up to $250,000. The charge of theft concerning programs receiving federal funds provides for a sentence of up to 10 years in prison, three years of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley, Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division and Thomas Demeo, Acting Special Agent in Charge of the Internal Revenue Service Criminal Investigation, Boston Field Office made the announcement today. Assistant U.S. Attorneys John T. Mulcahy and Dustin Chao of the Public Corruption & Special Prosecutions Unit are prosecuting the case.

    The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI