NewzIntel.com

Category: Taxation

  • MIL-OSI Security: Gun Supplier Convicted of Murdering 13-Year-Old Boy Gets 108½ Years in Prison

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

                WASHINGTON – Stephon Nelson, 33, of Washington, D.C., was sentenced today in Superior Court to 108 ½ years in prison for first degree murder and other charges stemming from the killing of 13-year old Malachi Lukes in March of 2020. A jury found Nelson and two co-defendants–Tyiion Freeman and Koran Jackson—guilty of first-degree murder while armed, several counts of assault with intent to kill while armed, conspiracy to commit various firearms offenses and other firearms-related charges.  Last week Freeman received 108 years while Jackson was sentenced to 164 years in prison.

                The sentences were announced by U.S. Attorney Matthew M. Graves, FBI Acting Special Agent in Charge David Geist of the Washington Field Office’s Criminal and Cyber Division, ATF Acting Special Agent in Charge James VanVliet of the Bureau of Alcohol, Tobacco, Firearms and Explosives, and Chief Pamela A. Smith of the Metropolitan Police Department (MPD).

                Between February 1, 2020, and May 31, 2020, the defendants, along with two other defendants (whose cases were severed pre-trial), participated in a conspiracy to illegally possess, carry, and transfer firearms for the purpose of using those firearms in the commission of dangerous and violent crimes. Jackson and Freeman, along with the severed defendants, are members and associates of neighborhood crews. Between 2019-2020, the defendants’ neighborhood crews were feuding with other crews and the feud escalated when Tahlil Byrd, also known as Slatt Goon, was killed in September 2019.

                Stephon Nelson, who is a felon and approximately 10 years older than his coconspirators, supplied the firearms that were illegally possessed, carried, and transferred in the conspiracy. Over the span of nine days, February 22-March 1, 2020, the defendants engaged in a shooting spree in the Petworth, Shaw, and Stronghold neighborhoods using the firearms they illegally acquired and shared as a part of the firearms conspiracy. The first charged shooting occurred on February 22, 2020, in the Petworth neighborhood when two victims were fired upon after a mere verbal exchange with two defendants. Two days later, on February 24, 2020, the conspirators drove through rival crew territory Ninth Street where they shot three rival crew members. An innocent bystander who was sitting in her vehicle was caught in the barrage of gunfire. She fortunately escaped with little physical injury because her front windshield suffered the bulk of the damage. The spree culminated on March 1, 2020, when the defendants participated in two shootings in two separate neighborhoods over the span of ten minutes. At 2:08 p.m., the defendants, who were traveling in a stolen Kia Soul, followed 13-year-old Malachi Lukes, along with his three friends, into the Ninth Street area of the 600 block of S Street, N.W., where two defendants exited the Kia Soul and opened fire on them. Malachi Lukes was shot in the back as he fled. The bullet traveled through his heart and lung causing him to collapse to his death. The defendants then traveled to another neighborhood where members of the rival crew were known to gather and at 2:18 p.m., opened fire on individuals in that block. No injuries were reported in that shooting spree.     

                In announcing the sentences, U.S. Attorney Graves and Chief Smith commended the work of those investigating the case from the MPD, the FBI Washington Field Office’s Violent Crimes Task Force and ATF along with the Arlington County Police Department. They also thanked the Arlington County Sheriff Department; U.S. Marshals Service; U.S. Capitol Police; D.C. Department of Forensic Sciences; DOJ Computer Crime and Intellectual Property Section; Montgomery County Police Department; D.C. Department of Corrections; and the Internal Revenue Service—Atlanta Branch.

                The case was prosecuted by Assistant U.S. Attorneys Michelle Jackson, Tamara Rubb, and Nebiyu Feleke, with assistance from Lead Paralegal Sharon Newman, Supervisory Paralegal Tasha Harris, Paralegals April Urbanowski and Alyssa Schroeder, Superior Court Operations Manager Linda McDonald, and Victim Witness Advocate Jennifer Allen. 

    MIL Security OSI –

  • MIL-OSI Security: Illinois Man Charged with Helping to Scam Elderly Victims Out of Hundreds of Thousands of Dollars in Retirement Savings

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    WANTED: Abdul Mohammed is currently a fugitive. If you have any information on Abdul’s whereabouts, please contact the FBI at 317-595-4000 or FBI.gov/tips

    INDIANAPOLIS—A federal grand jury had charged Abdul Mohammed, 31, of Des Plaines, Illinois, with conspiracy to commit wire fraud and two counts of wire fraud.

    According to the indictment, Mohammed and other conspirators allegedly participated in a scheme in which conspirators contacted victims, typically the elderly, and claimed to be a government agent. The conspirators falsely represented that the victims had been compromised in some way and needed to provide money to federal law enforcement for safekeeping. The conspirators instructed victims convert their savings and retirement accounts to cash or gold bars, and to provide those funds to law enforcement for “protection.”

    In one instance, an elderly victim began receiving unsolicited phone calls, texts, and emails from a conspirator purporting to be “Agent Roy” of the FBI. “Agent Roy” told the victim that his computer had been hacked and his personal information was compromised. “Agent Roy” also told the victim he was implicated in a drug crime. “Agent Roy” instructed the victim to withdraw $80,000 from retirement their accounts and exchange it for gold bars or it would be frozen by the IRS. A member of the conspiracy, acting as “Agent Roy,” then met the victim in a Meijer parking lot in Westfield to collect the gold bars.

    Even after delivering the gold, the victim was led to believe their money was not safe and they needed to give the “agents” more money. On December 8, 2023, an unknown member of the conspiracy emailed the elderly victim with a document from “Officer Jason Roy” which bore a purported seal from the Department of Justice. The document instructed the victim to withdraw funds and provide them to FBI agents as part of an operation. The document further stated “If . . . at any point of time you deny to follow our instructions or disclose this information to anyone all your accounts will be frozen.” A few weeks later, Abdul Mohammed met the victim in the same parking lot in an attempt to collect another $45,000 in cash.

    “There is an outstanding warrant for the arrest of Abdul Mohammed, a resident of Des Plaines, Illinois, following a federal indictment alleging his involvement in a scheme to defraud elderly victims through false claims that federal law enforcement agencies were seeking to keep their money safe,” said Zachary A. Myers, U.S. Attorney for the Southern District of Indiana. “We encourage Mr. Mohammed to contact the FBI immediately to arrange for his safe surrender to answer the charges against him. Mr. Mohammed, or anyone with information on his whereabouts, should contact the FBI at 317-595-4000 or FBI.gov/tips.”

    The FBI is investigating this case. If convicted, Abdul Mohammed faces up to 60 years in federal prison.

    U.S. Attorney Myers thanked Assistant U.S. Attorney Adam Eakman, who is prosecuting this case. 

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    ###

    MIL Security OSI –

  • MIL-OSI USA: In Odd Galaxy, NASA’s Webb Finds Potential Missing Link to First Stars

    Source: NASA

    Looking deep into the early universe with NASA’s James Webb Space Telescope, astronomers have found something unprecedented: a galaxy with an odd light signature, which they attribute to its gas outshining its stars. Found approximately one billion years after the big bang, galaxy GS-NDG-9422 (9422) may be a missing-link phase of galactic evolution between the universe’s first stars and familiar, well-established galaxies.

    Image A: Galaxy GS-NDG-9422 (NIRCam Image)

    “My first thought in looking at the galaxy’s spectrum was, ‘that’s weird,’ which is exactly what the Webb telescope was designed to reveal: totally new phenomena in the early universe that will help us understand how the cosmic story began,” said lead researcher Alex Cameron of the University of Oxford.

    Cameron reached out to colleague Harley Katz, a theorist, to discuss the strange data. Working together, their team found that computer models of cosmic gas clouds heated by very hot, massive stars, to an extent that the gas shone brighter than the stars, was nearly a perfect match to Webb’s observations.

    “It looks like these stars must be much hotter and more massive than what we see in the local universe, which makes sense because the early universe was a very different environment,” said Katz, of Oxford and the University of Chicago.

    In the local universe, typical hot, massive stars have a temperature ranging between 70,000 to 90,000 degrees Fahrenheit (40,000 to 50,000 degrees Celsius). According to the team, galaxy 9422 has stars hotter than 140,000 degrees Fahrenheit (80,000 degrees Celsius).

    The research team suspects that the galaxy is in the midst of a brief phase of intense star formation inside a cloud of dense gas that is producing a large number of massive, hot stars. The gas cloud is being hit with so many photons of light from the stars that it is shining extremely brightly.

    Image B: Galaxy GS-NDG-9422 Spectrum (NIRSpec)

    In addition to its novelty, nebular gas outshining stars is intriguing because it is something predicted in the environments of the universe’s first generation of stars, which astronomers classify as Population III stars.

    “We know that this galaxy does not have Population III stars, because the Webb data shows too much chemical complexity. However, its stars are different than what we are familiar with – the exotic stars in this galaxy could be a guide for understanding how galaxies transitioned from primordial stars to the types of galaxies we already know,” said Katz.

    At this point, galaxy 9422 is one example of this phase of galaxy development, so there are still many questions to be answered. Are these conditions common in galaxies at this time period, or a rare occurrence? What more can they tell us about even earlier phases of galaxy evolution? Cameron, Katz, and their research colleagues are actively identifying more galaxies to add to this population to better understand what was happening in the universe within the first billion years after the big bang.

    “It’s a very exciting time, to be able to use the Webb telescope to explore this time in the universe that was once inaccessible,” Cameron said. “We are just at the beginning of new discoveries and understanding.”

    The research paper is published in Monthly Notices of the Royal Astronomical Society.

    The James Webb Space Telescope is the world’s premier space science observatory. Webb is solving mysteries in our solar system, looking beyond to distant worlds around other stars, and probing the mysterious structures and origins of our universe and our place in it. Webb is an international program led by NASA with its partners, ESA (European Space Agency) and CSA (Canadian Space Agency).

    Downloads

    Right click any image to save it or open a larger version in a new tab/window via the browser’s popup menu.

    View/Download all image products at all resolutions for this article from the Space Telescope Science Institute.

    View/Download the research results from the Monthly Notices of the Royal Astronomical Society.

    Media Contacts

    Laura Betz – laura.e.betz@nasa.gov, Rob Gutro – rob.gutro@nasa.govNASA’s Goddard Space Flight Center, Greenbelt, Md.

    Christine Pulliam – cpulliam@stsci.edu, Leah Ramsay – lramsay@stsci.eduSpace Telescope Science Institute, Baltimore, Md.

    Related Information

    Read more: “What Were the First Stars Like?”

    Watch: “Massive Stars: Engines of Creation”

    Learn about spectroscopy: “Spectroscopy 101 – Introduction”

    Star Lifecycle

    More Webb News

    More Webb Images

    Webb Science Themes

    Webb Mission Page

    Related For Kids

    What is a galaxy?

    What is the Webb Telescope?

    SpacePlace for Kids

    En Español

    Ciencia de la NASA

    NASA en español 

    Space Place para niños

    MIL OSI USA News –

  • MIL-OSI USA: Julie Rivera Pérez Bridges Business, STEM to ‘Make the Magic Happen’

    Source: NASA

    Senior Resource Analyst Julie Rivera Pérez ensures finances and assets are in place to enable missions’ engineering and science “magic” can happen. As a former intern, she also reaches out to current students to ensure a diverse and inclusive future workforce.
    Name: Julie Rivera PérezFormal Job Classification: Senior Resources AnalystOrganization: Systems Review Office/Resource Management Office, Office of the Chief Financial Officer (Code 159.2)

    What do you do and what is most interesting about your role here at Goddard?
    I work in Goddard’s Systems Review Office (SRO), which plays a critical role in NASA’s mission gate reviews, also known as system review boards (SRBs). As the lead senior resources analyst, I provide financial expertise relating to budget planning and funds execution in support of all life-cycle reviews for Goddard missions. These reviews occur during key milestones in the progression of a mission through the various stages until launch. A mission cannot proceed with its work unless it passes the gate reviews, like the preliminary design review (PDR), critical design review (PDR), system integration review (SIR), operational readiness review (ORR), among others. It is great to support these reviews and make sure that key panel members like engineering, science, cost/schedule, and programmatic subject matter experts are planned for and funded to hold these SRB reviews. It is exciting to be able to contribute to Goddard missions!
    What is your educational background?
    In 2010, I graduated from the University of Puerto Rico, Río Piedras Campus, with a bachelor’s degree in business administration. My major was in human resources, and my minor was in marketing.
    Why did you come to Goddard?
    I first came to Goddard in 2008, as a summer intern. I will never forget the team of recruiters that visited my university and shared Goddard’s opportunities for business majors. I dreamed to contribute to the NASA mission! I took a chance and signed up to be interviewed. Three months later, I was offered an internship, and here I am, nearly 15 years later and thriving!
    Where have you worked at Goddard? What was a pivotal moment for you?
    In 2009, I had the opportunity to intern with the Office of Human Capital Management, the Office of Diversity and Equal Opportunity, and the Office of Education.
    After graduating in 2010, I joined Goddard as a procurement analyst in the Small Business Office. In 2013, I became the Contracting Officer for the Geostationary Operational Environmental Satellite (GOES) system.
    In 2015, I was selected as a participant in the NASA FIRST Program, a very prestigious NASA leadership program, which was pivotal for me. I learned about different roles at NASA including the important roles of business professionals. This inspired me to transition into the world of resources and finance!
    In 2017, I became a senior resources analyst for the Joint Polar Satellite System (JPSS). My procurement background helped me understand the underlying contractual mechanics in the world of resources. I was very excited to continue to grow in my NASA career! In 2018, I served as a contract resources analyst of the Ground Systems and Missions Operations 2 contract for the Space Science Mission Operations Division. Presently, I serve as the lead senior resources analyst for the Systems Review Office within the Safety and Mission Assurance Business Branch of the Office of the Chief Financial Officer (OCFO).
    It has been an amazing journey! I have had the opportunity to work in multiple flagship missions, mission operations, interagency collaborations, procurement, finance, and resources. I am excited for what the future will bring in my NASA career!
    What are your responsibilities in your current role?
    My key responsibility is serving as the financial liaison between the Systems Review Office (SRO) and program or project offices. I collaborate with program managers, deputy program managers for resources, and financial managers from other NASA centers to ensure the proper coordination of system review boards’ funding requirements. This includes preparing program, planning, budget, and execution (PPBE) inputs, labor projections, continuing resolution funding requirements, and phasing plans for all SRB missions.
    As the SRO lead senior resources analyst, I also oversee the daily functions and activities of the SRO staff members, providing them with appropriate guidance, direction, knowledge sharing, and mentorship.
    What are you most thankful about in your career?
    I have had many opportunities from the moment I started working at Goddard as an intern. I have always been encouraged to continue growing as a professional through several significant work opportunities. One of them being the NASA FIRST leadership program for the 2015 cohort. It was a joy when I was accepted into this life-changing and unique opportunity! Throughout my career at Goddard, I have learned about many different aspects and the importance of being a business professional to help achieve the NASA mission.
    Who is your mentor and what is their advice?
    I have had several amazing mentors throughout my career at Goddard. Dan Krieger was key in my recruitment and has always supported me through my journey. Veronica Hill has continuously provided her guidance and wisdom. Janine Dolinka welcomed me to Goddard as my first mentor and further inspired me grow at NASA. Jennifer Perez took me under her wing and taught me the importance and roles of the Small Business Office. Currently, I am under the mentorship of Rich Ryan (deputy program director for business, Mars Sample Return) and Kevin Miller (chief of Resources Management Office). All in all, my mentors have always reminded me to always be my authentic self. It sounds so simple, yet it is such powerful advice. I want to thank each and every one of them for fueling the desire to make a difference for the NASA mission and to continue bringing my talents to the workforce!
    What is important to you about your role on the Hispanic Advisory Committee for Employees (HACE)?
    A very fulfilling part of the work I do at NASA Goddard is my voluntary service as the co-chair for the Hispanic Advisory Committee for Employees (HACE) resource group. I am in a unique position to provide advice, guidance, and recommendations to center management, the Office of STEM Engagement, and the Office of Diversity and Equal Opportunity on initiatives regarding recruitment, outreach, retention, cultural awareness, and professional development of minorities and Hispanics at Goddard. I also serve as the recruitment and outreach co-lead for the committee. As co-chair, I am a voice representing the interests of the GSFC Hispanic community.
    I also develop key initiatives in student recruitment and outreach to build a pipeline of Hispanic interns for NASA. Every summer, I coordinate intern presentations to center management, as well as provide training to the Hispanic interns on how to write a federal résumé and apply for a federal job within NASA.
    It is my wish to pay it forward. I once was an intern. I want to encourage others to join the NASA community and make a positive impact with diversity, equity, inclusion, and accessibility. Así Se HACE!
    In 2021, you were a panel speaker at the Women of Color conference. What did you talk about?
    It was such an honor to be invited as a panel speaker with a financial professional background for a STEM event. I served as a bridge between STEM and the business world and how both come together to make the magic happen. I have a deep understanding of how the business world and the engineering and science come together to bring missions to life. While I may not have a STEM degree, I am a STEM advocate. This event was an opportunity to tell my story as a Hispanic woman in resources and finance working at NASA. As a business professional, it is important that the money and the assets are in place so all the engineering and science can happen. It was equally important to highlight the value of embracing yourself and what you bring you the table because that is where your strength lies and how you can make a difference.
    What do you do for fun?
    I have a passion for singing! Since my early teens, I studied music and singing at the Music Conservatory of Puerto Rico. In college, I was accepted into the very competitive University of Puerto Rico classical choir. I continued to pursue my love for music through the Goddard Music and Drama Club (MAD). I even starred in
    two musicals produced by MAD!
    I love spending time with my husband and two children, as well as watching movies with family and friends, spending time at the beach, reading, walking, listening to true crime podcasts, and watching the occasional Spanish telenovela.
    What is your favorite life quote?
    This Gandhi quote speaks to the power of perseverance and means a lot to me: “Strength does not come from physical capacity. It comes from an indomitable will.”
    What is your “six-word memoir”? A six-word memoir describes something in just six words.
    PassionateCreativeDedicatedAuthenticLeaderDetermined

    Conversations With Goddard is a collection of Q&A profiles highlighting the breadth and depth of NASA’s Goddard Space Flight Center’s talented and diverse workforce. The Conversations have been published twice a month on average since May 2011. Read past editions on Goddard’s “Our People” webpage.

    MIL OSI USA News –

  • MIL-OSI USA: DCCA News RELEASE: Registration Opens for 2024-2025 Hawaiʻi LifeSmarts Competition

    Source: US State of Hawaii

    DCCA News RELEASE: Registration Opens for 2024-2025 Hawaiʻi LifeSmarts Competition

    Posted on Sep 24, 2024 in Latest Department News, Newsroom

     

    DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS

    KA ʻOIHANA PILI KĀLEPA


     JOSH GREEN, M.D.

    GOVERNOR | KE KIAʻĀINA

     

    NADINE Y. ANDO

    DIRECTOR | KA LUNA HOʻOKELE

    TY Y. NOHARA

    SECURITIES COMMISSIONER

    FOR IMMEDIATE RELEASE

    September 24, 2024

    Registration Opens for 2024-2025 Hawaiʻi LifeSmarts Competition

    HONOLULU — The state Department of Commerce and Consumer Affairs (DCCA) Business Registration Division invites teams to participate in the 2024-2025 Hawaiʻi LifeSmarts Competition.

    LifeSmarts is a free, national educational program that teaches students critical life skills in five key areas: Personal Finance, Consumer Rights & Responsibilities, Health & Safety, the Environment, and Technology through online quizzes and in-person competitions. Teams must consist of one adult coach/teacher and at least four students.

    Registration is now open at lifesmarts.org.

    Once registered, high school or “varsity” teams can participate in the online portion of the competition from Monday, October 21, 2024, until Friday, December 6, 2024, at 7 p.m. HST. The top four highest-scoring teams will be invited to compete in the state championship competition at the Neal S. Blaisdell Center in Honolulu on February 21, 2025. The winning team will have the opportunity to represent Hawaiʻi at the national competition, scheduled for April 24 to 27, 2024, in Chicago, Illinois.

    Middle school or “junior varsity” teams with students in grades 6 to 8 can participate in an online-only competition from Monday, October 21, 2024, to Friday, December 6, 2024, at 7 p.m. HST. For more information about the Hawaiʻi LifeSmarts program, please visit www.lifesmartshawaii.com or contact LifeSmarts State Coordinator, Theresa Kong Kee, at 808-587-7400 or [email protected].

    The Hawaiʻi LifeSmarts program is locally sponsored by DCCA’s Business Registration Division and Insurance Division, in partnership with the Hawaiʻi Credit Union League, and is run by the National Consumers League. More than 3,000 local students have participated in Hawaiʻi LifeSmarts since 2004. Local businesses interested in becoming a sponsor of the Hawaiʻi LifeSmarts program are welcome to contact the state coordinator for more information.

     

    Learn more about the Hawai‘i LifeSmarts program with this video. Content from previous years, including photos, is available here.

     

    # # #

    Media Contact:

    William Nhieu

    Communications Officer

    Department of Commerce and Consumer Affairs

    Email: [email protected]

    Office: 808-586-7582

    MIL OSI USA News –

  • MIL-OSI: LanzaTech and Woodside Energy to Participate in Bank of America Hosted Webinar on September 27, 2024

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Sept. 24, 2024 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech”), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, and Woodside Energy Group Ltd. (ASX, NYSE, LSE: WSD) (“Woodside”), the global energy company founded in Australia providing reliable and affordable energy to help people lead better lives, today jointly announced that Dr. Jennifer Holmgren, CEO of LanzaTech, and Meg O’Neill, CEO of Woodside, will participate in a webinar hosted by Bank of America analyst Steve Byrne to discuss hot topics and key challenges related to globally scaling the circular carbon economy and developing impactful carbon abatement programs for energy companies.

    Date: Friday, September 27, 2024
    Time: 1:00 p.m. Central Daylight Time

    To attend the webinar, or request the archived replay, please email Kate Walsh, Vice President of Investor Relations at LanzaTech: Kate.Walsh@lanzatech.com.

    About LanzaTech
    LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. By partnering with companies across the global supply chain like ArcelorMittal, Zara, H&M Move, Coty, On, and LanzaJet, LanzaTech is paving the way for a circular carbon economy. For more information about LanzaTech, visit https://lanzatech.com.

    About Woodside
    Woodside Energy is a global energy company, founded in Australia, working across three continents to produce oil and natural gas and pursue new energy opportunities. With a focused portfolio, Woodside is recognised for its world-class capabilities as an integrated upstream supplier of energy. Woodside’s proven track record and distinctive capabilities are underpinned by 70 years of experience.

    LanzaTech Contact:
    Investor Relations
    Kate Walsh, VP Investor Relations & Tax
    Investor.Relations@lanzatech.com

    Woodside Contact:
    Marcela Louzada
    M: +61 456 994 243
    E: investor@woodside.com

    The MIL Network –

  • MIL-OSI USA: Gomez, Sánchez Introduce Bill to Expand Access to Affordable Housing for Veterans

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

    WASHINGTON, D.C. — Today, Representative Jimmy Gomez, along with Reps. Linda Sánchez, Brad Sherman, Salud Carbajal, Mark Takano, Mike Levin and Ted Lieu (all D-CA) introduced the Fair Housing for Disabled Veterans Act, a bill to ensure Veterans Affairs (VA) disability benefits are not used against veterans to deny them access to affordable housing. 

    Since VA service-connected disability and pension benefits are currently counted as income in applications for federal affordable housing programs, many veterans are being pushed above the income threshold and into homelessness. This bill would address that challenge by codifying guidance updated by the Biden-Harris administration today, ensuring that benefits received for military service, especially for those who sustained a service-connected disability, are not held against veterans when determining affordable housing eligibility requirements.  

    “Our nation’s veterans are being turned away from affordable housing because their disability benefits and pensions put them over the income threshold—we have the responsibility to right that wrong and ensure those who put their lives on the line can live with dignity and respect,” said Rep. Jimmy Gomez. “This bill will exempt these benefits from being considered as income when applying for affordable housing. None of our brave veterans, especially those who were disabled in the line of duty, should be unhoused after they’ve already sacrificed for our freedoms.” 

    “Our veterans deserve to be treated with fairness and respect when searching for affordable housing,” said Rep. Linda Sánchez. “Despite receiving monthly benefits, many veterans with disabilities are still struggling to afford housing and other essential needs. Our bill will ensure veterans are not denied access to affordable housing because of disability benefits, allowing them to live with the dignity they earned through their service.”  

    “Too often disabled veterans are being denied housing, that was specifically built for them, because of this income issue. Veterans have earned their disability benefits, and they shouldn’t be used against them. By codifying this change for the Low-Income Tax Credit Program coupled with the guidance recently issued from then Biden-Harris Administration, this bill will allow more homeless veterans to be housed, getting us closer to our goal of ending veteran homelessness,” said House Committee on Veterans’ Affairs Ranking Member Rep. Mark Takano 

    The Fair Housing for Disabled Veterans Act would amend the Internal Revenue Code to strike consideration of veterans’ service-connected disability and pension payments when determining income qualifications for properties financed with Low-Income Housing Tax Credits and qualified residential bonds. This is similar to how other in-kind federal benefits are treated when applying for housing assistance. 

    The full text of the bill can be found here.

    ###

    MIL OSI USA News –

  • MIL-OSI Security: Federal Court Permanently Shuts Down Illinois Tax Preparer

    Source: United States Attorneys General

    A federal court in the Northern District of Illinois today permanently enjoined Joliet, Illinois, tax return preparer Sir Michael Joseph Davenport and his company My Unity Tax Financial & Tax Preparation LLC (My Unity Tax) from preparing federal tax returns for others and from owning or operating any tax return preparation businesses in the future. Davenport agreed to the permanent injunction entered against him and his business.

    The civil complaint filed in the case alleges that Davenport and his company prepared false and fraudulent federal tax returns to improperly reduce the customers’ tax liabilities or to obtain tax refunds to which the customers are not entitled. The complaint alleges that Davenport and My Unity Tax routinely prepared tax returns for customers reporting fictitious businesses for customers, minimal or no income and large fabricated or manipulated expenses to fraudulently reduce taxable income. As alleged in the complaint, in most cases these businesses did not exist.

    The complaint also alleges that, despite being issued a Preparer Tax Identification Number (PTIN) by the IRS, Davenport operated as a “ghost preparer” by not signing customers’ tax returns, nor did he identify himself as the paid preparer by reporting his PTIN on the returns he prepared for paying customers. As further alleged by the United States, Davenport and My Unity Tax used software programs intended for personal rather than professional use to prepare their clients’ tax returns, so when the returns were filed, it appeared that customers filed the returns themselves.

    Deputy Assistant Attorney General David A. Hubbert of the Justice Department’s Tax Division made the announcement.

    Taxpayers seeking a return preparer should remain vigilant against unscrupulous tax preparers. The IRS has information on its website for choosing a tax return preparer and has launched a free directory of federal tax preparers. The IRS warns taxpayers to avoid ghost preparers and lists other improper acts that tax preparers engage in to take advantage of their unsuspecting customers.

    In the past decade, the Justice Department’s Tax Division has obtained injunctions against hundreds of unscrupulous tax preparers. Information about these cases is available on the Justice Department’s website. An alphabetical listing of persons enjoined from preparing returns and promoting tax schemes can be found on this page. If you believe that one of the enjoined persons or businesses may be violating an injunction, please contact the Tax Division with details.

    MIL Security OSI –

  • MIL-OSI New Zealand: Tax Justice Aotearoa welcomes ANZ Chief Executive calls for capital gains tax

    Source: Tax Justice Aotearoa

    25 September 2024 – Tax Justice Aotearoa welcomes ANZ chief executive Antonia Watson’s call for a capital gains tax, as reported by RNZ today.

    “We agree with Antonia Watson that it’s unfair that gains from capital are not taxed the same as gains from income,” says Tax Justice Aotearoa chair Glenn Barclay.

    “This just advantages those with capital over those who rely on wages for their income.

    “We are also an outlier internationally in not having a capital gains tax and the research from Max Rashbrooke that we released last week demonstrated this (ref. https://www.tjanz.org/news-tax-research-2024?utm_campaign=tja_reacts_anz_ceo&utm_medium=email&utm_source=tja )

    “The Government clearly needs more revenue to address the many challenges we face as a country around such things as climate change, quality public services and poverty and inequality and a capital gains tax could help close that gap.”

    MIL OSI New Zealand News –

  • MIL-OSI USA: Federal Court Permanently Shuts Down Illinois Tax Preparer

    Source: US State Government of Utah

    A federal court in the Northern District of Illinois today permanently enjoined Joliet, Illinois, tax return preparer Sir Michael Joseph Davenport and his company My Unity Tax Financial & Tax Preparation LLC (My Unity Tax) from preparing federal tax returns for others and from owning or operating any tax return preparation businesses in the future. Davenport agreed to the permanent injunction entered against him and his business.

    The civil complaint filed in the case alleges that Davenport and his company prepared false and fraudulent federal tax returns to improperly reduce the customers’ tax liabilities or to obtain tax refunds to which the customers are not entitled. The complaint alleges that Davenport and My Unity Tax routinely prepared tax returns for customers reporting fictitious businesses for customers, minimal or no income and large fabricated or manipulated expenses to fraudulently reduce taxable income. As alleged in the complaint, in most cases these businesses did not exist.

    The complaint also alleges that, despite being issued a Preparer Tax Identification Number (PTIN) by the IRS, Davenport operated as a “ghost preparer” by not signing customers’ tax returns, nor did he identify himself as the paid preparer by reporting his PTIN on the returns he prepared for paying customers. As further alleged by the United States, Davenport and My Unity Tax used software programs intended for personal rather than professional use to prepare their clients’ tax returns, so when the returns were filed, it appeared that customers filed the returns themselves.

    Deputy Assistant Attorney General David A. Hubbert of the Justice Department’s Tax Division made the announcement.

    Taxpayers seeking a return preparer should remain vigilant against unscrupulous tax preparers. The IRS has information on its website for choosing a tax return preparer and has launched a free directory of federal tax preparers. The IRS warns taxpayers to avoid ghost preparers and lists other improper acts that tax preparers engage in to take advantage of their unsuspecting customers.

    In the past decade, the Justice Department’s Tax Division has obtained injunctions against hundreds of unscrupulous tax preparers. Information about these cases is available on the Justice Department’s website. An alphabetical listing of persons enjoined from preparing returns and promoting tax schemes can be found on this page. If you believe that one of the enjoined persons or businesses may be violating an injunction, please contact the Tax Division with details.

    MIL OSI USA News –

  • MIL-OSI Security: Leader of $4 Million International Telemarketing Scheme Convicted

    Source: Federal Bureau of Investigation (FBI) State Crime News

    A federal jury in North Carolina convicted a man today for his role in orchestrating a years-long telemarketing scheme that defrauded victims in the United States from a call center in Costa Rica.

    According to court documents and evidence presented at trial, Roger Roger, 40, of Costa Rica, led a fraudulent telemarketing scheme in which co-conspirators, who falsely posed as U.S. government officials, contacted victims in the United States to tell them that that they had won a substantial “sweepstakes” prize. After convincing victims, many of whom were elderly, that they stood to receive a significant financial prize, the co-conspirators told victims that they needed to make a series of up-front payments before collecting their supposed prize, purportedly for items such as taxes, customs duties, and other fees. Co-conspirators used a variety of means to conceal their true identities, including Voice over Internet Protocol technology, which made it appear as though they were calling from Washington, D.C., and other locations in the United States. Roger personally called victims from Costa Rica, using fake names and documents to trick the victims into believing they had won a sweepstakes prize. He also recruited and directed co-conspirators to mislead victims on the phone and to transmit victims’ payments from the United States to Costa Rica. The evidence at trial showed that Roger and his co-conspirators stole over $4 million from victims.

    Roger was convicted of one count of conspiracy to commit mail and wire fraud, four counts of wire fraud, one count of conspiracy to commit money laundering, and two counts of international money laundering. The defendant faces a maximum penalty of 25 years in prison on each of the conspiracy to commit mail and wire fraud and the wire fraud counts, because the jury found that these counts involved telemarketing that victimized at least 10 people over the age of 55, and 20 years in prison on each of the conspiracy to commit money laundering and money laundering counts. Sentencing will occur at a later date. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division; U.S. Attorney Dena J. King for the Western District of North Carolina; Inspector in Charge Tommy Coke of the U.S. Postal Inspection Service (USPIS) Atlanta Division; Special Agent in Charge Karen Wingerd of the IRS Criminal Investigation (IRS-CI) Cincinnati Field Office; and Special Agent in Charge Robert DeWitt of the FBI Charlotte Field Office made the announcement.

    The USPIS Atlanta Division, IRS-CI Cincinnati Field Office, and FBI Charlotte Field Office investigated the case. The La Grande, Oregon Police Department and Union County District Attorney Victim Assistance Office provided valuable assistance. The Justice Department’s Office of International Affairs worked with law enforcement partners in Costa Rica to secure Roger’s arrest and extradition.

    Trial Attorneys Andrew Jaco and Amanda Fretto Lingwood of the Criminal Division’s Fraud Section are prosecuting the case.

    If you or someone you know is age 60 or older and has been a victim of financial fraud, help is standing by at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311). This U.S. Department of Justice hotline, managed by the Office for Victims of Crime, is staffed by experienced professionals who provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Case managers will identify appropriate reporting agencies, provide information to callers to assist them in reporting, connect callers directly with appropriate agencies, and provide resources and referrals, on a case-by-case basis. Reporting is the first step. Reporting can help authorities identify those who commit fraud, and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. The hotline is staffed 7 days a week from 6:00 a.m. to 11:00 p.m. ET. English, Spanish and other languages are available.

    MIL Security OSI –

  • MIL-OSI USA: BERKS COUNTY – Governor Shapiro, Legislative Leaders to Highlight New Tax Cuts in 2024-25 Bipartisan Budget that Lower Costs for Pennsylvania Families, Particularly the Cost of Childcare

    Source: US State of Pennsylvania

    September 25, 2024 – Reading, PA

    ADVISORY – BERKS COUNTY – Governor Shapiro, Legislative Leaders to Highlight New Tax Cuts in 2024-25 Bipartisan Budget that Lower Costs for Pennsylvania Families, Particularly the Cost of Childcare

    Governor Josh Shapiro will visit Second Street Learning Center, which provides care for children ranging from 6 weeks to 13 years of age in the Reading community, to highlight the new tax cuts included in the 2024-25 budget that will lower costs for Pennsylvania’s families while fostering economic growth for employers across the Commonwealth.

    WHO:
    Governor Josh Shapiro
    Modesto Fiume, President, Opportunity House
    Jennifer Stepp, Lead Teacher, Second Street Learning Center
    Lucine Sihelnik, President, Greater Reading Chamber Alliance
    Senator Judy Schwank
    Representative Johanny Cepeda-Freytiz

    WHEN:
    Wednesday, September 25, 2024, at 12:15 PM

    WHERE:
    Second Street Learning Center – Opportunity House
    430 N. 2nd St.
    Reading, PA 19601

    LIVE STREAM:
    pacast.com/live/gov
    governor.pa.gov/live/

    RSVP:
    Press who are interested in attending must RSVP with the names and phone numbers for each member of their team to ra-gvgovpress@pa.gov.

    MIL OSI USA News –

  • MIL-OSI USA: Senator Scott Details Plan for the Future of Small Businesses and the American Economy at Punchbowl Event

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott

    WASHINGTON — Today, U.S. Senator Tim Scott (R-S.C.) joined Punchbowl’s Anna Palmer and Jake Sherman for a fireside chat detailing his plans to restore the nation’s economy and increase economic freedom. Their discussion covered how to strengthen and develop the workforce, the future of the Tax Cuts and Jobs Act, the success of Senator Scott’s Opportunity Zones initiative, and more.

    Click here to watch the full discussion.

    Excerpts from Senator Scott’s remarks can be found below:

    On strengthening and developing the workforce…
    “If you just start with the net effect of having a job: your life is better; your community gets better; your family is better. And [when] you look at what the hurdles are for business owners you say, ‘I’m going to take a calculated chance, not a risk, but a calculated chance on hiring someone without the skills to do the job well.’ If we can lower the hurdles, i.e., the cost of hiring that person, then the more the more likely the employer is to bring more people into the workforce.”

    “If we’re going to help people get better jobs, [we have] to focus on our K through 12 education system. The truth of the matter is, the closest thing to magic in America is a good education. And unfortunately, today, communities [that are] the poorest communities, whether it’s the inner city, like Chicago or a rural part of Iowa; those kids today are less educated than they need to be to meet the needs of our very, very diverse workforce. And so, what we need to do is make sure that we’re focusing our attention on K through 12 education and providing parents with a choice [so] that the kid has a better chance to succeed.”

    On extending the TCJA tax incentives…
    “Whether you look at this proposal or, at least, his comments around exempting tips from taxation or overtime from taxation or Social Security from taxation; all these issues really calibrate our focus on everyday working Americans and looking for ways to make sure that we’re taking in the consideration the folks who are struggling paycheck to paycheck and looking for ways to meet the moment.”

    On Opportunity Zones…
    “But specifically, you create more working class jobs. And without doing that, you’re actually going to starve the bottom of the food chain economically. Where I grew up in that, that’s a terrible concept, because some of the most talented people that I know lived in neighborhoods that I lived in, but never had access to opportunity. And so focusing on how to bring opportunities back to those neighborhoods as we did through my Opportunity Zone legislation, is incredibly important.”

    “[My Opportunity Zone legislation] brought over $84 billion into the poorest communities; majority minority communities that have seen 8% wage growth, 60% increase in the property values. And about 70% of the people believe it was owning their own property, which means only less than a 5% gentrification rate. So, we were able to make people’s lives better, make communities stronger, and attract more jobs for folks who can’t really afford the transportation to get to them.”

    MIL OSI USA News –

  • MIL-OSI Australia: Nambucca River oyster leases upgraded

    Source: New South Wales Department of Primary Industries

    25 Sep 2024

    For the first time since 1983, Nambucca River oyster growers can harvest and directly sell their shellfish after the NSW Department of Primary Industries and Regional Development (DPIRD) rezoned sections of the river.

    NSW DPIRD Shellfish Program manager, Anthony Zammit, said two out of three Nambucca River harvest zones now have direct harvest approval.

    “This means locally grown shellfish can be sold directly from the waterway,” Mr Zammit said.

    “We’ve worked with industry to deliver this positive outcome, which gives Nambucca region oyster farmers the confidence to bring their shellfish to market.

    “Growers are now providing quality local seafood for the community to enjoy, as the NSW oyster industry continue to deliver valuable results to the economy, regional employment and tourism.”

    The rezoning of leases along the Nambucca River was achieved thanks to a year-long project to improve water quality, led by the NSW Environment Protection Authority (EPA).

    NSW EPA Executive Director of Operations, Jason Gordon, said the EPA had ramped up its work with Nambucca Valley Council over the past five years to prevent sewage overflows impacting the river.

    “Since 2019, we have placed seven pollution reduction programs on the local sewage plant’s Environment Protection Licence, requiring a range of upgrades to improve infrastructure, prevent overflows and enhance their response to pollution incidents,” Mr Gordon said.

    “We held regular meetings with the council and the local oyster industry to hear and address their concerns and helped with the cost of monthly water monitoring within the catchment.

    “This is a great example of collaboration across government, and we thank oyster growers, Nambucca Valley Council, DPIRD, the NSW Food Authority and the Department of Climate Change, Energy Environment and Water for working together to find a solution for a local problem.”

    The NSW Food Authority operates the NSW Shellfish Program in partnership with the NSW oyster industry to ensure the safety of shellfish harvested from NSW waters.

    The NSW EPA is continuing to work closely with local oyster growers and the council to monitor and improve water quality in the region.

    Media contact: pi.media@dpird.nsw.gov.au

    MIL OSI News –

  • MIL-OSI USA: Shaheen Leads NH Delegation in Welcoming $60 Million in Tax Credits for Community Development to Support Small Businesses and Spur Economic Growth

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen

    (Lebanon, NH) – Today, U.S. Senator Jeanne Shaheen (D-NH), Chair of the U.S. Senate Committee on Small Business and Entrepreneurship and a senior member of the U.S. Senate Committee on Appropriations, announced with U.S. Senator Maggie Hassan (D-NH) and Representatives Annie Kuster (NH-02) and Chris Pappas (NH-01) that Mascoma Community Development, a wholly-owned subsidiary of Mascoma Bank of Lebanon, was awarded $60 million in New Markets Tax Credits (NMTC) to incentivize development in underserved communities.

    “Underserved communities and small businesses often struggle to get the capital they need to grow, which is why this investment is key to the overall economic success of our state. I’m glad to see this award going to Mascoma Community Development to help ensure small businesses and entrepreneurs working to develop these communities have the resources they need to succeed,” said Senator Shaheen. “I look forward to continuing to support programs that provide development opportunities, create jobs and grow our economy in communities across New Hampshire.”

    “Investing in Granite State businesses and ensuring that they have access to the capital that they need is a key way to help our local economy thrive,” said Senator Hassan. “This federal funding will promote development and growth in the Upper Valley and throughout New Hampshire, and I will keep supporting programs that help create jobs and invest in our state.”

    “Small businesses and local entrepreneurs are the backbone of New Hampshire’s economy and way of life,” said Congresswoman Kuster. “These resources heading to Mascoma Community Development will go a long way toward uplifting our Main Street businesses and the communities they serve, and I look forward to seeing the benefit the New Market Tax Credit program continues to have on New Hampshire’s economic growth.”

    “Investments into our communities and small businesses are helping develop local economies, create more good-paying jobs, and strengthen our quality of life,” said Congressman Pappas. “These funds will incentivize economic development in New Hampshire’s underserved communities to ensure no city or town is left behind. I’ll continue to advocate for programs that help our state, small businesses, and communities grow and thrive.”

    This award is provided by the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund), which promotes development in low-income urban and rural communities by investing in mission-driven financial institutions. Senators Shaheen and Hassan have been strong supporters of the CDFI Fund and NMTC and have long advocated for sufficient funding and a permanent NMTC program to support economic growth.

    Tax credit allocations awarded to Community Development Entities (CDE), such as Mascoma Community Development, enable CDEs to raise additional capital to invest in low income and distressed communities in return for tax credits. The total tax credit provided to investors equals 39 percent of the original investment and is spread over a seven-year period.

    Historically, NMTC Program awards have generated $8 of private investment for every $1 invested by the federal government. Through the end of fiscal year 2023, NMTC Program award recipients deployed more than $66 billion in investments in low-income communities and businesses, supporting more than 894,000 jobs and the construction or rehabilitation of nearly 259.5 million square feet of commercial real estate.

    MIL OSI USA News –

  • MIL-OSI USA: Scalise: Democrats’ Radical Agenda is Crushing American Families

    Source: United States House of Representatives – Congressman Steve Scalise (1st District of Louisiana)

    WASHINGTON, D.C.—Today, House Majority Leader Steve Scalise (R-La.) joined Speaker Mike Johnson (R-La.), House Majority Whip Tom Emmer (R-Minn.), Conference Chair Elise Stefanik (R-N.Y.), and Congressman Scott Fitzgerald (R-Wis.) to discuss how the disastrous Biden-Harris agenda has created one crisis after another while making life unaffordable for hardworking American families and how Republicans intend to fix it. Leader Scalise reviewed Harris’ radical positions on defunding the police and decriminalizing illegal border crossings. Additionally, Leader Scalise outlined House Republicans’ plan to end the Christmas Eve omnibus game once and for all and force Senate Democrats to do their job. 

    Click here or the image above to view Leader Scalise’s full remarks. 

    On Kamala Harris’ record of supporting defund the police movements: 

    “This week is our last week in session before the election, but it is a very busy week, as you can see from the schedule. A lot of different bills being brought to the floor. [Rep.] Scott [Fitzgerald] just talked about one of them that’s so important. We’ve seen crime grow in our communities. We’ve seen these funds like the Minnesota Freedom Fund that are designed to help get criminals out of jail. And of course, Kamala Harris was there front and center, raising millions of dollars for that fund. What did it do? It helped get people out of jail who were out there in the middle of what they called the ‘Summer of Love’, who were attacking police officers, burning down police stations, other violent crimes where she was leading the charge to get them out of jail, the criminals, not protect the police officers. In fact, she’s made public statements over the last few years criticizing the idea of adding more police to communities.

    “And yet when you look at some of the cities that have the worst crime, who initially went down the failed road of defunding the police and then saw the devastation it caused in their communities, they’re trying to hire more police officers now, and they’re struggling to do it because they at least finally recognize they made a mistake. But once you taint that office by showing a community that the leadership of a city doesn’t support the police, police will go elsewhere. Good existing police officers go to other departments. Young people who want a career in law enforcement are not going to go to a place where it’s so volatile that they know that the leadership of that community doesn’t have their back. So they go to other places where they know that the local community will have their back. And so that is the devastation of that kind of attitude of defunding police, demonizing police that people like Kamala Harris have supported over the years.”

    On Biden-Harris Administration’s ongoing border crisis:

    “When we leave here to go across the country in October, and as much as we’re going to miss you in this venue, maybe we’ll come back every week, Mike, I don’t know. We’ll do that once a week and see who shows up. More than likely, that won’t happen, but we will see you out on the road if you’re there. But when you go to swing districts where a lot of us will be, you see the same thing playing out in every community, whether it’s a swing state like Pennsylvania, where I just was last week, or whether it’s a community in California where they’ve got swing districts. You’re hearing people express the same frustration with the Biden-Harris administration.

    “The open border is still the top issue they bring up, and they’re furious about it. And yet Kamala continues to do nothing while she’s over there in the White House. She could go walk in the White House today and ask the president to reverse his policies that opened up the border, but she won’t because she wants an open border. She’s wanted that open border all her life. Again, she’s on video talking about how she wants to legalize people who come here illegally. Then when she tries to express, well, maybe I’m now for a secure border, and she’s pressed on it, she says my values haven’t changed.”

    On Kamala Harris casting the tie-breaking vote that caused the inflation crisis:

    “Her values are far-left liberal. They’ve been that way her whole life. She wants to ban fracking. She hasn’t changed her views on that. She wants to have an open border. Her views haven’t changed on that either. You’ve seen her radical views.

    “She cast the tie-breaking vote, as Conference Chair Elise [Stefanik] just talked about, to create the inflation that I hear about in every community I go to. Higher costs at the grocery store, higher costs at the gas station. Those are a direct result of not just the Biden administration’s policies, but Kamala Harris’ vote. I’m not talking about in the Senate where she might have been with 60 other people. I’m talking about Kamala Harris’ vote when it was a 50/50 tie, and it could have gone down with her vote, and we could have had lower inflation with her vote, but instead, she used her vote to raise inflation. Her tie-breaking vote that jacked up the inflation that’s crushing low and middle-income families today. Her tie-breaking vote, Kamala Harris, was the vote that doubled the size of the IRS. Now, some of those new agents that they’ve hired are going after the waiters and waitresses, making them pay higher taxes on tips. Then she claims that she wants to get rid of the tax on tips, yet she’s sicked an army of new IRS agents after those very same waiters and waitresses.”

    On making America strong again:

    “So what she has done has consequences. We’re going to be talking about this contrast because Donald Trump wants lower tax rates. Donald Trump wants to secure our border, and he did it before. Donald Trump wants sound tax policy where lower and middle-income families can actually benefit from the growth that comes with a healthy economy.Unfortunately, we don’t have that today, but we had it when Donald Trump was President of the United States last time. And so when you look at all of those things, and not to mention, of course, he’s always supported our men and women in uniform, and he’ll continue to do that again. He’ll stand up to the bad guys around the world. Right now, America is letting the bad guys around the world run roughshod over our allies and doing harm to America as well with no consequence. All that will change if we get President Trump back in office. That contrast, I think, is going to be sharply shown through the month of October, leading into the election November 5th.”

    On House Republicans ending the Christmas Eve omnibus game and forcing the Senate to do their job:

    “We’re also going to vote tomorrow on the CR. This is always a tough negotiation. The Senate wanted to try to spend more money, and Speaker [Johnson] stood up to the Senate and said, no, we’re not going to do that. They wanted to play this Christmas Eve omni game that they used to play, having an omnibus dropped on Christmas Eve, and nobody’s read the bill, and it just gets voted on, and everybody leaves town. We said no to that last year. Mike Johnson, as speaker, is saying no to that again this year, which is so important to say, we’re going to change the way Washington works. We passed over 70% of the spending bills out of the House. The Senate has passed zero, not a single bill out of the Senate. How do you have a negotiation when one side refuses to do their job? We’re going to continue to at least do our job, and that starts tomorrow on the CR.”

    MIL OSI USA News –

  • MIL-OSI USA: Hawley Blasts McKinsey’s Ties to China, Rebukes Witness for Equating Consulting Firms with Soybean Farmers

    US Senate News:

    Source: United States Senator Josh Hawley (R-Mo)

    Tuesday, September 24, 2024

    In today’s Homeland Security and Governmental Affairs Committee (HSGAC) hearing, U.S. Senator Josh Hawley (R-Mo.) made the case for his legislation, the Time to Choose Act, which would restrict consulting firms like McKinsey & Company from receiving government contracts while, at the same time, advising U.S. adversaries like China.
    “Why are [U.S. consulting firms] getting taxpayer money, advising our military, and, simultaneously, advising the Chinese military?” Senator Hawley asked incredulously.
    [embedded content]
    Senator Hawley also pushed back against Bryan Riley, Director of the National Taxpayers Union’s Free Trade Initiative, and his comparison of American soybean farmers to U.S. consulting firms advising the Chinese Communist Party.
    “I come from a state where our number one agricultural product is soybeans,” Senator Hawley explained. “We are a state of soybeans farmers, and—I can tell you—I think they would take great offense to you comparing them to a consulting firm that is taking a billion dollars in money from the United States military while simultaneously advising the Chinese military on how to harm the United States.”
    He continued, asking, “Are you saying that soybean farmers harm the security interests of the United States?”
    Background
    The Time to Choose Act passed the HSGAC this past May by an overwhelming bipartisan margin. Senator Hawley originally brought forth the bill in 2022 and reintroduced it earlier this year. HSGAC Chairman Gary Peters (D-Mich.), Senator Rick Scott (R-Fla.), and Senator Marco Rubio (R-Fla.) are cosponsors.
    The legislation would prohibit the Department of Defense (DOD) and other federal agencies from contracting with consulting firms like McKinsey that are also doing business with the Chinese government or its affiliates.
    Watch Senator Hawley’s full remarks here, or click on the image above.

    MIL OSI USA News –

  • MIL-OSI: RIBER: 2024 first-half earnings

    Source: GlobeNewswire (MIL-OSI)

    2024 first-half earnings

    • Solid half-year revenues growth (+13%)
    • Gross margin up by 21% and operating income at breakeven
    • Net profit of €0.2m despite the lower seasonal revenues
    • Strong increase in order book at June 30, 2024 (+18%), reaching €36.0m
    • Outlook confirmed: revenues exceeding €40m with growth in earnings expected for the full year

    Bezons, September 25, 2024 – 8:00am – RIBER, a global market leader for semiconductor industry equipment, is releasing its earnings for the first half of 2024.

    (€m) H1 2024 H1 2023 Change
    Revenues
    Systems revenues
    Services and accessories revenues    		 13.7
    9.4
    4.3    		 12.2
    8.5
    3.6    		 +13 %
    +10 %
    +19 %
    Gross margin
    % of revenues    		 4.8
    34.8 %    		 3.9
    32.3 %    		 +21 %
    +2,5 pts
    Operating income
    % of revenues    		 (0.0)
    (0.2 %)    		 (1.1)
    (9.3 %)    		 +97 %
    +9,1 pts
    Net income
    % of revenues    		 0.2
    1.2 %    		 (1.2)
    (10.2 %)    		 +113 %
    +11,4 pts

    Key developments

    In the first half of 2024, despite an uncertain macroeconomic environment, RIBER achieved solid business growth. This performance reflects its strong position in the MBE market, driven by a sharp rise in orders during the first half, with 8 systems ordered for both research and industrial production. Additionally, the services and accessories business saw a significant upturn compared to a favourable base.

    Revenues

    In this context, revenues for the first half of 2024 came to €13.7m, up +13% compared with the first half of 2023. Systems revenues increased by +10% to €9.4m, while services and accessories revenues were up by +19% to €4.3m.

    Earnings

    The company points out that first-half earnings cannot be extrapolated over the full year due to the lower seasonality of revenues in the first half.

    The first-half gross margin was €4.8m, representing 34.8% of revenues, compared to 32.3% for the first half of 2023.

    Operating profit improved by €1.1m, reaching breakeven in the first half of 2024.

    Net income was positive at €0.2m, compared to a loss of €1.2m for the first half of 2023. This includes net financial income of €0.2m.

    Cash flow and balance sheet

    At the end of June 2024, the cash position was positive at €7.1m, compared to €9.7m at December 31, 2023, and €8.3m at June 30, 2023.

    Shareholders’ equity at end-June 2024 totaled €19.6m, compared to €21.2m at December 31, 2023, primarily taking into account the half-year earnings and the distribution to shareholders from the issue premium paid out in June.

    Order book

    The order book at June 30, 2024 totaled €36.0m, up +18% compared with June 30, 2023. System orders, amounted to €30.2m (+27%), based on 12 machines, including 7 production machines. Orders for services and accessories (€5.8m) are down -14%.
    This order book does not include the order announced in August 2024 for 1 research machine.

    Outlook

    Given the current orders scheduled for delivery in 2024 and the opportunities for its systems, services and accessories, RIBER expects full-year revenues exceeding €40m, along with further improvements in earnings.

    In a semiconductor market driven by innovation, the company expects new orders in the fourth quarter.

    Next date: 2024 third-quarter revenues on October 30, 2024, before start of trading.

    The condensed consolidated half-year accounts have not been subject to an audit or a limited review by the statutory auditors. They were approved by the Board of Directors on September 24, 2024. The half-year financial report is available in French on the company website (www.riber.com).

    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

    CALYPTUS : Cyril Combe | tel: +33 (0)1 53 65 68 68 | cyril.combe@calyptus.net

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Council and National Trust for Scotland in discussions over Dunkeld housing

    Source: Scotland – City of Perth

    The National Trust for Scotland, the conservation charity which cares for and shares Scotland’s heritage, has been responsible for the management of the residential homes, an office and two commercial units in Dunkeld since the 1950s. The charity stepped in to save the 17th and 18th century buildings, which were at risk of demolition, taking ownership, restoring the buildings and then letting them to tenants, preserving the unique historic character of Dunkeld town centre which is widely regarded as one of the most attractive in Scotland.     

    The charity and Perth and Kinross Council have confirmed that they are now in talks about the properties transferring into the ownership of the Council’s Housing Revenue Account.

    Around 25 tenants will be affected by the change, which will see them become tenants of the Council with a range of associated benefits. The charity and Council are committed to making as smooth as possible for residents.

    Stuart Maxwell, Regional Director for Edinburgh & East said: “We have been reviewing our management approach to these properties and are now proposing to work in closer partnership with Perth and Kinross Council. We feel this in the interests of the continued long-term conservation of the buildings and their use as accommodation for local people, which we know is an important issue in this area.

    “Following consultation with our Board of Trustees, Perth and Kinross Council, and the Scottish Government, we have reached an agreement in principle for the local authority to take on ownership of these properties and most of our other buildings in Dunkeld, which, we feel will ensure the conservation of both the individual properties, the historic township and bring benefits for residents too.

    “Our priority for the next few weeks is to talk to our tenants and ensure that any transition would happen as smoothly as possible.”

    Housing and Social Wellbeing Convener, Councillor Tom McEwan said: “Perth and Kinross Council’s Housing Service is recognised as one of the best in Scotland, and this transfer will bring many benefits for the tenants who live in these properties.

    “We anticipate being able to offer tenants significantly lower levels of rent, as well as a secure tenancy that they can enjoy for as long as they want to, access to our excellent Repairs Service and regular investment to improve their homes to the highest standard possible.

    “The tenants in Dunkeld will have the support of our dedicated and highly-qualified Housing staff to help them in their tenancy, as well as access to a wide range of other quality services that our current tenants enjoy.”

    Council Leader, Councillor Grant Laing, said: “The Council will work closely with sitting tenants to answer any questions they might have as the transfer progresses and provide them with any support they need.  Measures will be implemented to ensure that when any vacancies arise in the properties in the future, they will be allocated to people with a local connection to the Dunkeld area. This is a positive for the community where local housing availability is a concern. I am delighted for the Community of Dunkeld.” 

    Local elected member for the Strathtay ward, Bailie Claire McLaren said: “This transfer will ensure that these homes are secured as valued affordable social housing in Dunkeld into the future. One of the key aims of the Housing Service is to provide high-quality additional homes for affordable rent for people right across Perth and Kinross.”

    Mr Maxwell continued: “The National Trust for Scotland has been proud to play a part in protecting Dunkeld for many decades. If this plan proceeds, we will still own land on the bank south of the River Tay, at Stanley Hill, so we will certainly still have an active role in ensuring that Dunkeld retains the nature, beauty and heritage that makes it so special.”

    Negotiations will continue between the National Trust for Scotland and Perth and Kinross Council with a joint meeting being held locally with all tenants on Wednesday 25 September. Housing staff from the Council will be in attendance along with representatives from the Trust to answer any questions.

    MIL OSI United Kingdom –

  • MIL-OSI Security: Owners of Florida Labor-Staffing Companies Make Initial Appearance on Tax and Immigration Fraud and Money Laundering Charges

    Source: United States Attorneys General 13

    Two Ukrainian nationals made their initial appearance yesterday on a superseding indictment returned by a federal grand jury in Miami charging them with crimes related to labor-staffing companies they operated in Florida. The two men were extradited from the Kingdom of Thailand to the United States last week. 

    According to the superseding indictment, between August 2007 and July 2021, Oleg Oliynyk, Oleksandr Yurchyk and others owned and operated a series of labor-staffing companies in South Florida, including Paradise Choice LLC, Paradise Choice Cleaning LLC, Tropical City Services LLC and Tropical City Group LLC. The indictment alleges that the defendants, through these staffing companies, facilitated the employment in the hospitality industry of non-resident aliens who were not authorized to work in the United States. In addition, Oliynyk and Yurchyk allegedly conspired to defraud the IRS by, among other things, not withholding Social Security, Medicare and income taxes from these workers paychecks, and causing false corporate tax returns for the labor-staffing companies to be filed with the IRS. 

    Both defendants were charged with conspiracy to defraud the United States, conspiracy to harbor non-resident aliens and induce them to remain in the country and conspiracy to commit money laundering. If convicted, the defendants each face a maximum penalty of five years in prison on the conspiracy to defraud the United States charge, a maximum penalty of 10 years in prison on the conspiracy to harbor aliens and induce them to remain in the United States charge and a maximum penalty of 20 years in prison on the money laundering conspiracy charge. Each count also carries the possibility of a fine and supervised release upon completion of any sentence of incarceration. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division and U.S. Attorney Markenzy Lapointe for the Southern District of Florida made the announcement.

    The Department of Homeland Security, Homeland Security Investigations and IRS Criminal Investigation are investigating the case. The Justice Department’s Office of International Affairs provided significant assistance in securing the arrest and extradition of Oliynyk and Yurchyk. The United States also thanks the Embassy of the United States in Thailand – Regional Security Office and Thai law enforcement partners including the Royal Thai Police and Office of the Attorney General for their valuable assistance.

    Senior Litigation Counsel Sean Beaty and Trial Attorneys Matthew C. Hicks and Wilson R. Stamm of the Tax Division and Assistant U.S. Attorney Christopher Clark for the Southern District of Florida are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Security: Florida Woman Sentenced to Prison for Financially Exploiting Her Grandmother

    Source: Federal Bureau of Investigation FBI Crime News (b)

    BENTON, Ill. – A southern Illinois judge sentenced a Florida woman to 3 years’ imprisonment after she admitted to scamming her grandmother living in Cahokia Heights out of more than $300,000.

    Tanya M. Aboseada, 39, of Pompano Beach, Florida, pleaded guilty to 12 counts of wire fraud in May.

    “Seniors are warned to avoid giving money to strangers who may be looking to take advantage of them, but it’s a different kind of deceit when criminals target their own elderly family members,” said U.S. Attorney Rachelle Aud Crowe. “I appreciate our partnership with the FBI to bring justice for the grandmother, who was simply wanting to help her grandchild she thought was in need.”

    According to court documents, Aboseada convinced her grandmother to wire money into her bank account under false pretenses on at least 12 occasions between November 2021 and August 2022. Aboseada admitted to lying to her grandmother about needing money to transfer a truck title into her name, owing money to the IRS, paying attorney fees and fines for a vehicular accident she was in, and paying the family of an alleged child she killed in a vehicular accident to avoid going to jail. In total, Aboseada admitted to stealing $317,049 from her grandmother.

    “The fraud perpetrated by Tanya Aboseada relied on the love and devotion of a family member, which is in many ways more heartless than when the perpetrator is a stranger,” said FBI Springfield Field Office Special Agent in Charge Christopher Johnson. “The FBI upholds an unwavering commitment to deliver justice to victims of elder fraud, and to prioritize the pursuit of those who deliberately target vulnerable seniors.”

    In addition to imprisonment, the judge ordered Aboseada to pay $317,049 in restitution and serve three years of supervised release.

    This case was brought as part of the Department of Justice’s Elder Justice Initiative.

    The FBI Springfield Field Office conducted the investigation. Assistant U.S. Attorneys Scott Verseman and Kathleen Howard prosecuted the case.

    MIL Security OSI –

  • MIL-OSI USA: Owners of Florida Labor-Staffing Companies Make Initial Appearance on Tax and Immigration Fraud and Money Laundering Charges

    Source: US Justice – Antitrust Division

    Headline: Owners of Florida Labor-Staffing Companies Make Initial Appearance on Tax and Immigration Fraud and Money Laundering Charges

    Two Ukrainian nationals made their initial appearance yesterday on a superseding indictment returned by a federal grand jury in Miami charging them with crimes related to labor-staffing companies they operated in Florida. The two men were extradited from the Kingdom of Thailand to the United States last week. 

    MIL OSI USA News –

  • MIL-OSI: Global Carbon Dioxide Removal Market Size Expected to Reach $2.54 Billion By 2033 as Climate Change Concerns Grow

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Sept. 24, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The carbon dioxide removal market has grown rapidly with the developments in the chemical domain. This industry mainly deals with providing solutions for removing C02 from the environment using natural and artificial methods. The C02 removal strategy is mostly integrated into many climate policies, as CO2 is an important element of climate change. CDR includes several methods that are mainly used on land or in aquatic systems. Land-based methods consist of afforestation, reforestation, and other agricultural practices. The water-based methods include ocean alkalinity enhancement, ocean fertilization, wetland restoration, and some blue carbon approaches. There are several products that are used in the CDR process that mainly include Biochar, Direct Air Capture (DAC), Enhanced/Carbon Mineralization, Ocean Alkalinization, BECCS, Microalgae, and some others. The CDR mainly finds applications in the technology and finance sectors. This industry is expected to grow exponentially with the growth in chemical industries. A report from Precedence Research said: “The global carbon dioxide removal market size was USD 638.73 million in 2023, calculated at USD $733.52 million in 2024 and is expected to reach around USD $2,548.29 million by 2033. The market is expanding at a solid CAGR of 14.84% over the forecast period 2024 to 2033. The rising awareness of reducing CO2 emissions across the world is driving the growth of the carbon dioxide removal market.” Active companies in the markets this week include: BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF), Occidental Petroleum Corporation (NYSE: OXY), Arq, Inc. (NASDAQ: ARQ), Gevo, Inc. (NASDAQ: GEVO), Bloom Energy Corporation (NYSE: BE).

    The Precedence Research report continued saying: “The growing developments in the chemical industry are expected to drive the growth of the carbon dioxide removal market. The rising government initiatives for lowering CO2 emissions have driven the market growth. The increasing demand for clean air across the world fosters market growth. The growing investments from public and private sector entities for developing the carbon dioxide removal industry propels the market growth. The rising awareness of a clean environment among the people boosts the market growth to some extent. Increasing adoption of reforestation across the world is expected to boost market growth. The rise in the number of DAC plants in several countries across the world boosts market growth. The ongoing research and development activities related to CDR methodologies have impacted the carbon dioxide removal market growth positively.”

    BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) Secures US$105 Million Biochar Sales Agreement – Ten-year contract for agricultural grade soil amendments in Southern USA – BluSky Carbon Inc. (CSE: BSKY) (OTCQB: BSKCF) (FWB: QE4 /WKN A401NM) (“BluSky” or the “Company”), an innovative entry into the carbon removal clean technology sector is very pleased to announce that it has entered into a sales agreement (“Sales Agreement”) with a U.S. based purchaser (“Purchaser”) pursuant to which the Company has agreed to supply, and the Purchaser has agreed to purchase, up to 382,213 tonnes of biochar over a period of 10 years substantially on the schedule and pricing terms as set forth in the press release issued today.

    The Agreement sets forth a delivery schedule (see tables 1 to 3 shown in the current press release today) designed to achieve an initial volume of approximately 22,200 short tons within the first year of operation, scaling up to approximately 40,000 tons per year for the remainder of the of the Agreement. Biochar will be supplied on as-is basis. The moisture content will be verified with a Certificate of Analysis (CoA) at delivery. Based upon a negotiated rate of two hundred and seventy-five dollars (US$275) per ton, the sales value under the Agreement is approximately US$105 million.

    Biochar is black carbon produced from biomass sources (i.e., wood chips, plant residues, manure or other agricultural waste products) for the purpose of transforming the biomass carbon into a more stable form (carbon sequestration). It can persist for long periods of time in the soil at various depths, typically thousands of years. Biochar is produced by heating biomass or waste materials containing carbon through pyrolysis. Pyrolysis involves thermal and chemical decomposition of biomass in limited or zero supply of oxygen, typically at temperatures ranging from 300°C to 1000°C. Biochar can be used as a soil amendment to improve soil physical and chemical properties, enhance water retention, and sequester carbon. It also contributes to climate change mitigation by stabilizing carbon in soils for thousands of years, preventing it from being released as carbon dioxide into the atmosphere. Biochar has shown promise in increasing crop yields, improving soil fertility, and reducing environmental pollution through its ability to retain nutrients and minimize greenhouse gas emissions.

    The Company notes that its ability to meet scheduled delivery of biochar beyond year 1 is conditional upon its commissioning and receiving an additional two (2) Vulcan Heavy biomass pyrolysis systems (Vulcan Heavy). The Company anticipates that each Vulcan Heavy will cost approximately US$3 million and take up to nine months to be manufactured and delivered to the job site. BluSky’s ability to commission any Vulcan Heavy will be contingent on its ability to secure financing on acceptable terms, and no assurance can be given this will occur. At present, the Company believes that it will have the ability to produce 15,000 tons annually (with a sales value of approximately US$4 million under the Agreement) once it completes the build out of its “Kiloplex” facility, including testing and optimization of its Vulcan Heavy system. CONTINUED… Read this full press release and more news for BluSky Carbon at: https://bluskycarbon.com/news/

    Other recent developments in the markets of note include:

    1PointFive, a wholly owned subsidiary of Occidental Petroleum Corporation (NYSE: OXY), announced recently that the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) will provide up to $500 million to support the development of the South Texas Direct Air Capture (DAC) Hub. The award is a milestone in furthering commercial-scale DAC in the United States and validation of Occidental and 1PointFive’s ability to use their decades-long expertise in carbon management to accelerate the vital climate technology.

    The funding will be provided in multiple tranches. The initial award of $50 million will advance 1PointFive’s ongoing work at the South Texas DAC Hub. Upcoming activities include engineering, permitting, the procurement of long-lead equipment and continued community engagement to further 1PointFive’s community benefits plan. The total award value for the South Texas DAC Hub is expected to be up to $500 million for the initial DAC facility at the site, and potentially increased up to $650 million for the development of an expanded regional carbon network in South Texas.

    Arq, Inc. (NASDAQ: ARQ), a producer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials, recently announced the pricing of an underwritten public offering of 4,770,000 shares of its common stock, par value $0.001 per share (“common stock”), at a price to the public of $5.25 per share. All of the shares in the offering are being sold by Arq. The gross proceeds to Arq from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $25 million. The offering is expected to close on or about September 23, 2024, subject to customary closing conditions. In addition, Arq has granted the underwriters a 30-day option to purchase up to an additional 715,500 shares of its common stock in the underwritten public offering.

    Arq intends to use the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures, including continued construction of granular activated carbon facilities at Arq’s Red River and Corbin manufacturing facilities located in Coushatta, Louisiana and Corbin, Kentucky, respectively, research and development expenditures, commercial expenditures, debt service costs and repayment, acquisitions of new technologies, products or businesses, and investments.

    Gevo, Inc. (NASDAQ: GEVO) recently announced the sale of approximately $20 million in Investment Tax Credits to an undisclosed corporate buyer. This transaction monetizes Inflation Reduction Act (“IRA”) Investment Tax Credits generated from the commercialization of a renewable natural gas (“RNG”) production facility by Gevo NW Iowa RNG, LLC (“Gevo RNG”) and provides net cash proceeds of approximately $17 million to Gevo after transaction fees.

    The Gevo RNG asset has been optimized to produce approximately 400,000 MMBtus of RNG per year, and Gevo expects to further increase production over time. Additional RNG value could be unlocked through the monetization of Section 45Z Clean Fuel Production Credits under the IRA, once those rules are defined.

    Bloom Energy Corporation (NYSE: BE) recently in response to market commentary regarding the results of the recent Korea Hydrogen Portfolio Standard auction, Bloom said it expects shipment volumes to Korea to be similar in 2024 and the coming years to what they have been in recent years. As disclosed previously, we continue to expect our partner SK ecoplant Co., Ltd. to purchase 500MW of Bloom solid oxide fuel cells between January 1, 2024 and December 31, 2027.

    Bloom is the proven leader in solid oxide fuel cell technology, having demonstrated 60% electrical efficiency using hydrogen, and 90% combined heat and power efficiency. Bloom remains fully confident in our partners in Korea, and in the ability for Bloom fuel cells to be transformative to the Korean energy market. The public auction is just one mechanism for the sale of our energy servers into the Korean market. Our partners have other development projects in addition to those emanating from the auction.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

    Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

    Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

    Follow us on Linkedin: https://www.linkedin.com/in/financialnewsmedia/

    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated twenty three hundred dollars for news coverage of the current press releases issued by BluSky Carbon Inc. by the company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:

    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757 

    SOURCE: FN Media Group, LLC.

    The MIL Network –

  • MIL-OSI USA: Neal Opening Statement at Hearing on TANF

    Source: United States House of Representatives – Congressman Richard Neal (D-MA)

    (As prepared for delivery)

     

    Thank you, Mr. Chairman. Thank you to our witnesses for being here today.

    When they are able to receive it, TANF can play an important role in making ends meet each month for families with children across the country. Bridging the gap on affording basic necessities while also helping parents and other caregivers find meaningful work and build a better life. Unfortunately, less than one in four poor families gets assistance from TANF nationally, and in many states the numbers are even smaller.

    This Congress is ending as it began—putting the will of the wealthy and well-connected over the most vulnerable Americans. The only TANF legislation we considered in Committee was H.R. 6918, which allowed states to divert funds intended for needy families to fund anti-abortion centers. We are just days out from not only a government shutdown but also the expiration of the TANF program, and the Committee is lending our platform to a subject involved the most dramatic misuse of TANF funds in recent memory.

    Now today, there will be a lot of faux outrage over a program that has been repeatedly exploited, with no accountability for how it got that way. Republican authors of the original TANF law deliberately prevented real federal oversight of TANF, at the request of Republican House members and governors.

    Did you know that in Mississippi 396,000 families and about 632,000 children accessed Democrats’ expanded Child Tax Credit in 2021 whereas at the same time, only about 2,000 families accessed TANF?

    It’s stunning, and it’s an utter failure to help the poorest among us.

    Democrats stand ready to work with Republicans to provide the oversight authority and return the misspent funds to the poor families that need financial support. In fact, Ranking Member Davis, a lifelong champion of our nation’s most vulnerable workers and families, and another champion, Congresswoman Chu, are leading legislation to replace a Republican provision in the original law that allowed the malfeasance in Mississippi to happen with penalties and requiring states to recover misspent funds and direct them to their intended audience—poor children. Another champion on the Committee, Congresswoman Moore, who through her lived experience knows better than anyone here about holding those in power accountable for helping struggling families.

    We have clear, proven pathways to help struggling families—restoring the expanded child tax credit, guaranteeing child care, and unlocking access to paid family and medical leave would be a good start.

    Today, the majority is promoting a false dichotomy between celebrity and responsibility. 

    Stealing from children is wrong, no matter how you spin it or who you are.

    With that, I yield back the balance of my time.

    ###

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: 5th Belt and Road Initiative Tax Administration Cooperation Forum opens today to deepen international tax co-operation in pursuit of high-quality Belt and Road development (with photos)

    Source: Hong Kong Government special administrative region

         The three-day 5th Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF), hosted by the Inland Revenue Department, is being held from today (September 24) at the AsiaWorld-Expo, marking the first time for Hong Kong to host BRITACOF. This year’s BRITACOF, themed “Deepening Tax Administration Cooperation for High-Quality Belt and Road Development”, gathered more than 400 tax officials, tax experts, as well as representatives from international organisations, academic institutions and enterprises from different countries and regions to discuss emerging tax issues and exchange tax administration experiences.
     
         Participants will engage in in-depth discussions on five major topics, including raising tax certainty, promoting tax administration digitalisation, improving tax environment, reinforcing capacity building of tax administration and optimising tax administration measures in the financial sector. BRITACOF also features a business and industry tax dialogue session to build a communication platform for participating tax officials and stakeholders from business and industrial sectors.

         The Chief Executive, Mr John Lee, said in his welcome address, “As the only common law jurisdiction within China, our legal system in the business realm resembles that of most major international financial centres. Our robust legal system is backed by such long-standing institutional strengths as the free flow of information, capital, goods and people, low and simple tax system, and highly open and internationalised market. Together, they ensure our strategic role as a ‘super connector’ and a ‘super value-adder’ between the Mainland and the rest of the world. 

         “Tax administration plays a crucial role in ensuring sustainable development. Efficient tax systems provide the essential resources for the delivery of public services and infrastructure. Hong Kong believes that transparent and fair tax policies could foster trust among investors, governments and taxpayers. As a champion of free and multilateral trade, Hong Kong supports the co-ordinated efforts of the international tax community, actively engaging in initiatives designed to bring economies together.”

         In his keynote speech at the opening ceremony, the Commissioner of the State Taxation Administration (STA), Mr Hu Jinglin, said, “The recovery of world economy is challenging. The pursuit of peace, development, co-operation and mutual benefit is an irreversible trend. Differences in tax systems and collection management among countries have an important impact on the liberalisation and facilitation of cross-border trade and investment. Deepening tax administration co-operation is of great significance in removing barriers to cross-border trade and investment, promoting inclusive growth of the global economy, and facilitating high-quality Belt and Road development. The STA is willing to work with all parties to deepen tax administration co-operation for high-quality Belt and Road development, so as to make new contributions to the construction of a community with a shared future for mankind.”

         Speaking at the welcome dinner, the Secretary for Financial Services and the Treasury, Mr Christopher Hui, said that BRITACOF is a crucial and exemplary international platform designed to enhance co-operation among tax administrations along the Belt and Road.

         He said, “The hosting of the 5th BRITACOF in Hong Kong underscores our unique gateway role in fostering partnerships and creating value for economies, businesses and people along the Belt and Road.”

         “Hong Kong has always been committed to upholding international tax standards, including the Base Erosion and Profit Shifting (BEPS) framework set by the Organisation for Economic Co-operation and Development. We are also fully supportive of the international standard of tax information exchange to avoid tax evasion. By endorsing and implementing these standards, Hong Kong ensures that Belt and Road projects involving Hong Kong companies adhere to the highest international benchmarks in terms of tax governance and transparency,” Mr Hui added.

         On the margins of the 5th BRITACOF, the Chief Executive, Mr John Lee, met with the Commissioner of the STA, Mr Hu Jinglin, and witnessed the signing of a memorandum of understanding (MOU) on tax co-operation within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) among the finance and taxation departments of Guangdong Province, Shenzhen, the Hong Kong Special Administrative Region (SAR) and the Macao SAR. The MOU will promote the co-ordination of tax administration and services in the GBA, which facilitates Hong Kong’s active integration into the overall national development. The deepened tax co-operation in the GBA can enhance Hong Kong’s tax competitiveness and create a more favourable business environment.

         In addition, during BRITACOF, Mr Hui held bilateral meetings separately with representatives from Kazakhstan, Maldives, Tajikistan and Türkiye to discuss deepening tax co-operation at the international and Belt and Road levels.

         Mr Hui also signed a comprehensive avoidance of double taxation agreement (CDTA) with the Government of the Republic of Türkiye on behalf of the Hong Kong SAR Government at the 5th BRITACOF today to foster closer economic, trade and investment relations between Hong Kong and Türkiye with a view to jointly contributing to the high-quality Belt and Road development through strengthened bilateral ties. This is the 51st CDTA signed by Hong Kong, marking a significant step forward for Hong Kong in fostering international tax co-operation.

         Established in 2019 under the lead of the STA, the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM) is a non-profit official mechanism for the discussion on tax administration co-operation among countries and regions along the Belt and Road. With the vision of promoting cross-border trade and investment and fostering regional economic co-operation, BRITACOM aims at removing tax obstacles and building a growth-friendly tax environment, so as to realise an inclusive and a sustainable development. BRITACOF, the annual signature event of BRITACOM, is hosted by member tax administrations in rotation. This year’s BRITACOF is hosted by Hong Kong and chaired by the Commissioner of Inland Revenue, Mr Tam Tai-pang.

         For details of the 5th BRITACOF, please visit the thematic website (www.ird.gov.hk/BRITACOF/eng/index.html).               

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Baltimore Woman Pleads Guilty to COVID Fraud

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    BUFFALO, N.Y. — U.S. Attorney Trini E. Ross announced today that Nina M. Williams, 56, of Baltimore, Maryland, pleaded guilty before Senior U.S. District Judge William, M. Skretny to wire fraud, which carries a maximum penalty of 20 years in prison and a $250,000 fine.  

    According to court documents, Williams transmitted two fraudulent Paycheck Protection Program (PPP) loan applications on behalf of Nimiche Inc. and Nimiche Interiors Inc., a Maryland-based business, along with fraudulent supporting documentation, to a federally insured bank in Buffalo, NY, and a mortgage lending business, which  participated as lenders in the PPP loan program. In May 2020, Williams electronically submitted a PPP loan application to the bank for $97,500, and in April 2021, she electronically submitted a PPP loan application to the mortgage lending business for $432,960.

    Williams falsely claimed that Nimiche Inc. and Nimiche Interiors Inc. had between four and 25 employees and average monthly payrolls of, respectively, $39,000 to $173,185. Williams falsely stated that the loan funds would be used to retain workers and maintain payroll or other proscribed uses under the PPP loan rules. This resulted in the bank issuing $97,500 into Nimiche Inc.’s business account controlled by Williams. However, the funds were not used for business-related expenses. Instead, Williams used some of the funds towards the purchase of real property in Maryland. In addition, the mortgage lending business issued loan proceeds totaling $432,960, into Nimiche Inc.’s business account controlled Williams. Once again, the funds were not used for business-related expenses.

    During the May 2020, through May 2021 time period, Williams worked with others to submit at least five additional fraudulent PPP and Economic Injury Disaster Loan (EIDL) loan applications to the mortgage lending business and another bank. In total, based on the materially false and fraudulent representations contained in the application materials, Williams intended to fraudulently obtain a total of approximately $2.6 million in PPP and EIDL funds, and in fact fraudulently obtained approximately $1.5 million in PPP and EIDL funds.

    The plea is the result of an investigation by the Internal Revenue Service, Criminal Investigation Division, under the direction of Thomas Fattorusso, Special Agent-in-Charge, New York Field Office, Federal Bureau of Investigation, under the direction of Special Agent-in-Charge Matthew Miraglia, the U.S. Postal Inspection Service Boston Division, under the direction of Inspector in Charge Ketty Larco-Ward, and the Social Security Administration Office of Inspector General, under the direction of Acting Special Agent-in-Charge Corwin Rattler. The case was prosecuted by Assistant U.S. Attorney Charles M. Kruly and Trial Attorney Jennifer Bilinkas of the Criminal Division’s Fraud Section.

    Sentencing is scheduled for December 18, 2024, before Judge Skretny.

    # # # #

    MIL Security OSI –

  • MIL-OSI USA: Casten, Matsui Introduce Legislation to Incentivize Efficient Vehicle Purchases

    Source: United States House of Representatives – Representative Sean Casten (IL-06)

    September 24, 2024

    Washington, D.C. — Today, U.S. Congressman Sean Casten (IL-06) and Congresswoman Doris Matsui (CA-07) introduced the Vehicle Energy Performance Act (VEPA) to incentivize the purchase of new vehicles with better-than-average energy performance.

    “This legislation is a win-win for consumers hoping to save money at the gas pump and help the environment at the same time,” said Rep. Sean Casten. “As vehicle emissions continue to contribute to global warming, it’s more important than ever to incentivize vehicles that can go the extra mile.”

    “We can and we should demand more from our cars,” said Rep. Doris Matsui. “The most efficient vehicles on the market are getting more than 50 miles to the gallon, and electric vehicles can get the electricity equivalent of more than 130mpg. However, many Americans are getting less than 25 miles to the gallon and paying to fill up their tank twice as often. This bill would change the equation, incentivizing automakers to offer more and better fuel-efficient options, and that means more money in your pocket.”

    “Shifting to cleaner vehicles is critical to meet our climate goals,” said Steven Nadel, executive director of the American Council for an Energy-Efficient Economy. “The trend toward larger, less efficient vehicles has hurt families’ pocketbooks with higher fueling costs. This bill would wisely incentivize purchasers of gas, hybrid, and electric vehicles to choose the more efficient options, helping to shift each part of the vehicle market in a positive direction.”

    The Vehicle Energy Performance Act of 2024 (VEPA) will establish a tax credit for new vehicles with higher-than-average energy performance and impose a fee on sales of new vehicles with lower-than-average energy performance. The tax credit will go to the consumer, while the fee will be imposed on the vehicle manufacturer.

    Electric vehicles, hybrids, plug-in hybrids, and standard internal combustion engine cars will all be assessed by the same measure of performance.

    This legislation generates cost savings on both ends for consumers. The tax credit creates financial incentives for consumers to purchase energy-efficient vehicles, and drivers spend less at the pump because of better fuel efficiency. 

    Text of the legislation can be found here.

    How it Works

    Under VEPA, by November 1 of each year, each vehicle manufacturer will report the “vehicle energy performance,” in miles per gallon-gasoline equivalent (MPGe), for each model sold in the United States during the Model Year (MY), and the number of vehicles of each model that it has sold that year. The use of MPGe as a metric is “technology neutral,” meaning that EVs, plug-in hybrids, hybrids, and standard internal combustion engine cars will all be assessed by the same measure of vehicle energy performance.

    By December 1, 2025, and every year thereafter, the IRS will publish the median vehicle energy performance of vehicles sold and the vehicle energy performance of the best-performing vehicle during the previous model year. Vehicles with the best vehicle energy performance will get 100% of the $5000 credit, vehicles with the median vehicle energy performance will get $0, and every 1% above the median will increase the credit by approximately $50.

    If the program were in place today, a buyer would receive a $5000 tax credit for a Hyundai Ioniq 6, almost $2000 for the Ford Lightning EV pickup truck, and over $1000 for the Toyota Prius hybrid.

    Using the same data on median vehicle energy performance, vehicles with low vehicle energy performance will be subject to a fee of approximately $50 for every 1% below the median, with the largest fee estimated to be less than $1000. This fee will partly offset the cost to the Treasury of the tax credit.

    Unlike the tax credit, which will go to the consumer, the fee will be paid by the manufacturer.

    # # #

    MIL OSI USA News –

  • MIL-OSI Canada: Government of Saskatchewan Rejects Federal Oil and Gas Emissions Cap and Methane 75 Regulations

    Source: Government of Canada regional news

    Released on September 24, 2024

    Province Would Face Royalty and Tax Revenue Losses up to $7 Billion, Lost Government Revenues of $43 Billion, and up to 34,000 Job Losses by 2050, According to Independent Report

    In its new independent report, the Saskatchewan Economic Impact Assessment Tribunal has found that the federal oil and gas emissions cap and federal Methane 75 regulations would cause substantial economic damage to Saskatchewan.

    By 2050, with production caps and methane mandates in place, Saskatchewan’s oil production would fall by between 38 and 52 per cent, the province would face cumulative royalty and tax revenue losses of between $4.8 and $7.1 billion, and total lost government revenues would be up to $43.3 billion, according to the independent Report.

    “The Tribunal has, in several cases, relied on the same experts as the federal government and presented undeniable, quantitative data that these two federal mandates would be economically devastating to Saskatchewan,” Justice Minister and Attorney General Bronwyn Eyre said. “These mandates will lead to industrial winners and losers across the country and represent a sweeping constitutional overreach into the province’s exclusive jurisdiction over natural resources. This report arms us with additional, independent evidence to constitutionally challenge the two mandates.”

    The Report also found that, with these federal mandates in place, Saskatchewan’s economy would contract by 4.3 per cent by 2030, by 6.4 per cent by 2050, and that there would be a cumulative GDP impact by 2050 of $230 billion. Employment losses by 2050, relative to the status quo, would range from between 12,800 and 34,000 people.

    “The Explorers and Producers Association of Canada (EPAC) remains fundamentally opposed to the imposition of a federal emissions cap on Canadian oil and gas production,” EPAC President and CEO Tristan Goodman said. “This is unnecessary and unacceptable given Canadian producers’ ongoing efforts to reduce emissions. A federal emissions cap will introduce further investment uncertainty and has a likelihood of being found unconstitutional as seen in recent Supreme Court decisions. EPAC supports the goal of reducing methane emissions from the oil and gas sector and we believe this is strictly provincial jurisdiction. We look forward to working with the province of Saskatchewan to achieve their methane emissions reduction target. Federal intervention is not required.”

    These two mandates will also not reduce any global emissions, according to the Report, and production cuts in Canada will simply be back-filled by jurisdictions with weaker environmental standards. Between 2015 and 2023, provincially-regulated methane emissions in Saskatchewan fell by two-thirds.

    The Economic Impact Assessment Tribunal conducted its analysis and developed this report under the authority of The Saskatchewan First Act, which came into force in September 15, 2023. The Report was released yesterday and can be accessed within the background documents at the bottom of this page.

    Additional information about the Economic Impact Assessment Tribunal can be found at:

    https://www.saskatchewan.ca/government/news-and-media/2023/november/28/government-announces-first-impact-assessment-tribunal.

    https://www.saskatchewan.ca/government/news-and-media/2024/april/08/media-advisory.

    The Government of Saskatchewan would like to thank the Economic Assessment Tribunal for its independent, in-depth report. Members of the Tribunal are as follows:

    • Michael W. Milani (Chair);
    • Dr. Janice MacKinnon (Vice-Chair);
    • Kenneth From;
    • Dr. Stuart Smyth; and 
    • Estella Petersen.

    • Michael Milani, KC (Chair) is a senior partner (commercial and insolvency) at McDougall Gauley in Regina. Mr. Milani has previously served as Estey Chair in Business Law at the University of Saskatchewan’s College of Law, as President of the Law Society and Federation of Law Societies of Canada, and is the current Chair of the Law Reform Commission of Saskatchewan. In a legal capacity, he has undertaken various green energy projects for SaskPower, including negotiating power purchase agreements for wind and solar energy, as well as agreements for the engineering, procurement and construction of combined cycle gas plants.
    • Dr. Janice MacKinnon (Vice-Chair) is a fellow of the Royal Society of Canada, member of the Order of Canada, and former Saskatchewan Finance Minister. In 2017, she was appointed to the federal advisory panel on NAFTA and the Environment and, in 2019, was appointed by former Alberta Premier Jason Kenney to chair the Blue Ribbon panel on Alberta’s finances. She is a Professor of fiscal policy at the School of Public Health at the University of Saskatchewan and a senior fellow and member of the National Council at the C.D Howe Institute.
    • Kenneth From is the former President and CEO of SaskEnergy. He is also a former CEO of the Petroleum Technology Research Centre (PTRC) and the Technical Safety Authority of Saskatchewan (TSASK). Mr. From also previously served as an officer and director of Raven Oil Corporation from 2012-2016 and as President of Prairie Hunter Energy Corporation. A professional engineer, he was President (2003-2004) of the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS).
    • Dr. Stuart Smyth is a professor at the University of Saskatchewan in the Department of Agricultural and Resource Economics. His research focuses on sustainability, agriculture and innovation. As U of S Agri-Food Innovation and Sustainability Enhancement Chair, Dr. Smyth has published over 100 academic articles and is recognized as a leading expert on barriers to innovation and regulatory efficiency.
    • Estella Peterson is an oil sands heavy equipment operator in Fort McMurray, AB. Originally from Saskatchewan and Treaty 4 Cowesess First Nation, Estella is part of Suncor Energy’s Aboriginal Ambassador program and is a freelance contributor, including to The Globe and Mail, on the economic importance of the natural resources sector to Indigenous communities.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI USA: Reps. Mann, Kaptur and Sens. Marshall, Brown Introduce Bicameral Legislation to Put American Farmers First

    Source: United States House of Representatives – Representative Tracey Mann (Kansas, 1)

    WASHINGTON, D.C. – Today, U.S. Representatives Tracey Mann (KS-01) and Marcy Kaptur (OH-09) alongside Senators Roger Marshall (R-KS) and Sherrod Brown (D-OH), introduced the Farmer First Fuel Incentives Act to restrict eligibility for the Clean Fuel Production Credit (45Z) to domestically produced feedstocks and to extend the credit to 2034.The ten-year credit will allow for more certainty as the U.S. ethanol industry builds infrastructure to open new markets for farmers, increase the production of ethanol across the country, and incentivize domestic feedstocks while continuing to support global renewable fuel production made from a wide array of feedstocks.

    “In no world should American tax incentives first benefit foreign producers,” said Rep. Mann. “While the use of foreign feedstocks can play an important role in producing domestically manufactured ethanol, biodiesel, renewable diesel, and sustainable aviation fuel, we must not displace harvest in America. Our legislation puts American farmers first by ensuring that American tax credits are incentivizing American-grown products.”

    “I joined my colleagues in this important bicameral and bipartisan effort because helping American farmers, producers, and growers goes beyond state and party lines,” said Congresswoman Marcy Kaptur (OH-09), senior member of the House Appropriations Subcommittee on Agriculture. ”We must ensure the Clean Fuel Production tax credit is structured in a way that benefits domestic producers, and not one that advantages foreign-produced feedstocks from China or Brazil. Our legislation will extend this credit through 2034 and bolster American energy independence by prioritizing American producers and the production of domestic biofuels.”

    “It’s very tough in farm country with high interest rates and low commodity prices, which is exactly why we can’t have a tax policy that will lower commodity prices even more,” said Senator Marshall. “While we support free trade and open markets, we do not believe foreign feedstocks should be incentivized through the hard-earned dollars of U.S. taxpayers to the detriment of American farmers. This legislation puts farmers FIRST to ensure they are the primary beneficiaries of renewable fuel tax incentives and provides businesses a decade of certainty.”

    “American tax dollars should support American farmers – not imported feedstocks,” said Senator Brown. “To continue to grow the biofuels industry and open new markets for Ohio farmers, we must stop taxpayer money from subsidizing a surge in Chinese cooking oil or any other foreign feedstock from infiltrating the American market. Our bipartisan bill ensures these investments benefit Ohio farmers and Ohio energy producers.”

    The legislation is cosponsored by Representatives James Comer (KY-01), Nikki Budzinski (IL-13), and Don Bacon (NE-02) and Senators Pete Ricketts (R-NE), Amy Klobuchar (D-MN), Deb Fischer (R-NE), and Tammy Baldwin (D-WI).

    The Farmer First Fuel Incentives Act is supported by Growth Energy, National Oilseed Processors Association, National Corn Growers Association, American Soybean Association, Ohio Corn and Wheat Growers Association, Ohio Soybean Association, Kansas Corn Growers Association, Kansas Soybean Association, Kentucky Soybean Association, Scoular, and Louis Dreyfus Company.

    “Our farmers need policies that protect their ability to compete fairly as the United States strives to be a leader in renewable fuels markets,” said Ed Prosser, Senior Vice President at Scoular.  “We greatly appreciate Representative Mann and his colleagues for introducing this legislation that helps ensure American agriculture will have a well-deserved seat at the table in the journey to lower the carbon intensity of our energy supply.”

    “NOPA commends this bipartisan, bicameral legislative effort which puts U.S fuel producers, U.S. crushers and U.S. farmers first. We thank Senators Brown and Marshall and Representatives Mann and Kaptur for their leadership,” said NOPA President and CEO Kailee Tkacz Buller. “We support free trade and open markets, but do not believe foreign feedstocks should benefit on the backs of U.S. taxpayers to the detriment of U.S. farmers. Without this fix, the 45Z credit will incentivize the use of foreign feedstocks over those grown by U.S. farmers. Our industry has made significant investments to expand U.S. crush capacity by 30 percent and this fix is pivotal to ensuring these investments are delivered.”

    “Biofuel production paves a key path for our country to be a clean energy leader, and U.S. farmers who grow the crops going into those biofuels take pride in helping reduce greenhouse gas emissions while supporting the U.S. economy and energy independence,” said ASA President Josh Gackle, a North Dakota soybean farmer. “However, for continued growth of America’s promising biofuels industry, U.S. farmers need the support of a final 45Z rule that prioritizes domestically sourced feedstock.”

    “Farmers and bioethanol producers need to know they’ll be able to rely on the 45Z tax credit for more than just the next few years,” said Growth Energy CEO Emily Skor. “This bill gives them the certainty they need to unlock significant investments in their operations and in the rural communities that depend on them. We commend Representatives Mann and Kaptur for introducing this bill and all of our House champions for making a 45Z tax credit extension a top priority as we head into the tax reform process next year.” 

    “Ensuring American farmers reach maximum profitability and build resiliency to pass down their farms to the next generation should be our top priority,” said Adam York, Kansas Sorghum Producers CEO. “This legislation helps make sure the intended benefits of this program arrive into our rural economies.”

    “Corn growers are making every effort to help the airline industry lower its greenhouse gas emissions through the use of corn ethanol,” said Minnesota farmer and NCGA president Harold Wolle. “We are deeply appreciative of these leaders for introducing legislation that establishes requirements for the tax credit that will level the playing field for America’s corn growers.”

    “The Farmer First Fuel Incentive Act recognizes the vital role of American agriculture in 45Z,” said Craig Meeker, Chairman of National Sorghum Producers. “This legislation ensures that the guidance is designed and implemented in a farmer-focused manner, supporting domestic clean energy production and stimulating economic growth across rural America.”

    “U.S. soybean farmers have been at the forefront of our domestic clean-energy production through the booming biodiesel and renewable diesel industry over the last decade,” said Kaleb Little, CEO, Kansas Soybean Association. “The Farmer First Fuel Incentives Act ensures our Kansas soybean growers maintain access to this vital market sector going forward and strengthens the clean fuel production credit for the future.”

    Earlier this month, Representatives Mann and Kaptur led 39 of their colleagues in penning a letter to the U.S. Department of Treasury urging it to expedite the issuance of final guidance for 45Z.  Senators Marshall and Brown led a similar letter in the U.S. Senate.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Global Maker of Mucinex Consumer Health Medicines Selects Wilson County for Major Production Facility

    Source: US State of North Carolina

    Headline: Global Maker of Mucinex Consumer Health Medicines Selects Wilson County for Major Production Facility

    Global Maker of Mucinex Consumer Health Medicines Selects Wilson County for Major Production Facility
    mseets

    Reckitt*, a global leader in health, hygiene and nutrition, will establish a major production plant in Wilson County to produce the over-the-counter medicine Mucinex, creating 289 jobs, Governor Roy Cooper announced today. The company will invest $145.59 million in Wilson.

    “North Carolina continues to attract the world’s most well-known life science companies that are working to keep people healthy,” said Governor Cooper. “Communities like Wilson and all across our state provide skilled biotech workers through our training systems that are important to companies like Reckitt.”

    For more than 200 years, Reckitt has been the company behind some of the world’s most recognizable and trusted consumer brands, including Airborne®, Biofreeze®, Finish®, Lysol®, Mucinex®, and more. These brands have been used by consumers for generations and are familiar staples in households around the world. Every day, around 30 million Reckitt products are purchased globally. The company’s new Wilson project will allow the company to expand its production capacity and localize Mucinex production. In addition to management and administrative functions, the Wilson facility is expected to include quality assurance and quality control, engineering, and general manufacturing roles.

    “With its prominence as a life science innovation hub, North Carolina is an ideal place for Reckitt to establish its U.S. regional manufacturing center,” said Kris Licht, CEO of Reckitt. “This strategic, onshoring investment will build resiliency and agility in our supply chain and further drives our mission to create a healthier world by increasing access to important medicines.”

    “As a native of eastern North Carolina and a former life science executive, it’s been so exciting to see the growth of this industry in Wilson and North Carolina’s BioPharma Crescent region,” said Commerce Secretary Machelle Baker Sanders. “Mucinex is a trusted household brand and I’m proud to welcome Reckitt to North Carolina as the company expands its capabilities in the United States.”

    The North Carolina Department of Commerce led the state’s support for the company during its site evaluation and decision-making process.

    Although wages will vary depending on the position, the average salary for the new positions will be $80,182, which is higher than the current average wage in Wilson County of $52,619. The new positions will bring an annual payroll impact to the community of more than $23 million per year.

    Reckitt’s project in North Carolina, formally being granted to company subsidiary RB Health Manufacturing (US) LLC, will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.9 billion. Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $4,606,000, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

    The project’s projected return on investment of public dollars is 317 per cent, meaning for every dollar of potential cost, the state receives $4.17 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

    “Wilson is a vital center for North Carolina’s renowned biotech and life science industry, and we’re proud that Reckitt has chosen Wilson and the BioPharma Crescent for their new facility,” said N.C. Senator Buck Newton. “Our workforce and investment in the Biologics Training Facility make Wilson the perfect location for these high-tech companies and their high salary jobs.”

    “With today’s decision, economic development leaders at the local, regional, and state level show once again how persistence and collaboration among many organizations can bring great companies to our region,” said N.C. Representative Ken Fontenot. “We look forward to helping Reckitt put down roots and grow in North Carolina.”

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Biotechnology Center, N.C. Commerce’s Division of Workforce Solutions, the City of Wilson, Wilson County, and the Wilson Economic Development Council.

    *Reckitt is the trade name of the Reckitt Benckiser group of companies.

    ###

    Sep 24, 2024

    MIL OSI USA News –