NewzIntel.com

Category: Taxation

  • MIL-OSI USA: Kaine, Colleagues Highlight Trump Administration Hypocrisy on National Debt While It Guts IRS, Pushes Giant Tax Cuts for Billionaires

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C. — U.S. Senators Tim Kaine (D-VA), Elizabeth Warren (D-MA), Angus King (I-ME), and Sheldon Whitehouse (D-RI) sent a letter to Treasury Secretary Scott Bessent and Internal Revenue Service (IRS) Commissioner Billy Long regarding the hypocrisy of their claims that they want to cut the deficit while simultaneously slashing the IRS workforce and cutting taxes for the ultra-wealthy. 

    In June last year, Secretary Bessent said he was “alarmed by the size of [the government’s] deficit,” and publicly championed a plan to cut the annual deficit from 6.4 percent of GDP to three percent. In an interview in April, Deputy Treasury Secretary Faulkender reiterated that the Administration’s intent is to “bring the deficit down.” When pressed by senators in written questions, Secretary Bessent affirmed his commitment to lowering the deficit to three percent of GDP by the end of President Trump’s term.

    However, according to the nonpartisan Congressional Budget Office, an extension of the 2017 Republican tax bill, also known as the Tax Cuts and Jobs Act, would add $52 trillion to the national debt over the next 30 years, adding more debt to the nation’s balance sheet in three decades than ever before.

    Additionally, earlier this year, the Trump administration began reductions in force at the IRS, including a plan to reduce IRS employee headcount by 40 percent. Tens of thousands of workers have left the agency since President Trump’s inauguration. The IRS division that audits billionaires and the ultra-wealthy has already lost 38 percent of its employees and had its funding rescinded by President Trump and Congressional Republicans. Even before these massive layoffs, IRS audits were already at a 23-year low.

    Treasury Secretary Bessent last week took a victory lap, touting increased IRS revenue in the most recent filing season — but planned mass layoffs at the IRS did not go into effect until after the post-filing season, meaning the impacts of significant Trump Admin staffing cuts are not reflected in revenue for the 2025 season. The planned layoffs, spearheaded by Bessent, will kneecap the agency’s ability to do its basic job. If IRS staffing levels are nearly halved, as the Administration has promised, these cuts could drive up the deficit and lead to $2.4 trillion in lost revenue over the next decade.

    “Further cutting IRS staff means less staff to monitor wealthy tax cheats and collect the tax revenue that will help offset our budget deficit,” wrote the lawmakers. 

    Continued layoffs will also significantly damage the agency’s customer service capacity. When reductions in force began at the IRS this spring, personnel essential to the tax filing season operations were required to continue working until mid-May, which limited the impact of staffing losses on tax revenue for the 2025 season. But the continuing layoffs at the IRS will kneecap the agency’s ability to do its basic job. 

    “These actions are inconsistent with your public commitments to meaningfully reduce the federal deficit and will undo the improvements made to the IRS’s taxpayer services,” the lawmakers concluded. 

    The senators requested an explanation for the administration’s cuts to the IRS and the agency’s plans to retain adequate levels of customer service by June 30, 2025. 

    A copy of the letter is available here.  

    MIL OSI USA News –

  • MIL-OSI USA: Kaine, Colleagues Highlight Trump Administration Hypocrisy on National Debt While It Guts IRS, Pushes Giant Tax Cuts for Billionaires

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C. — U.S. Senators Tim Kaine (D-VA), Elizabeth Warren (D-MA), Angus King (I-ME), and Sheldon Whitehouse (D-RI) sent a letter to Treasury Secretary Scott Bessent and Internal Revenue Service (IRS) Commissioner Billy Long regarding the hypocrisy of their claims that they want to cut the deficit while simultaneously slashing the IRS workforce and cutting taxes for the ultra-wealthy. 

    In June last year, Secretary Bessent said he was “alarmed by the size of [the government’s] deficit,” and publicly championed a plan to cut the annual deficit from 6.4 percent of GDP to three percent. In an interview in April, Deputy Treasury Secretary Faulkender reiterated that the Administration’s intent is to “bring the deficit down.” When pressed by senators in written questions, Secretary Bessent affirmed his commitment to lowering the deficit to three percent of GDP by the end of President Trump’s term.

    However, according to the nonpartisan Congressional Budget Office, an extension of the 2017 Republican tax bill, also known as the Tax Cuts and Jobs Act, would add $52 trillion to the national debt over the next 30 years, adding more debt to the nation’s balance sheet in three decades than ever before.

    Additionally, earlier this year, the Trump administration began reductions in force at the IRS, including a plan to reduce IRS employee headcount by 40 percent. Tens of thousands of workers have left the agency since President Trump’s inauguration. The IRS division that audits billionaires and the ultra-wealthy has already lost 38 percent of its employees and had its funding rescinded by President Trump and Congressional Republicans. Even before these massive layoffs, IRS audits were already at a 23-year low.

    Treasury Secretary Bessent last week took a victory lap, touting increased IRS revenue in the most recent filing season — but planned mass layoffs at the IRS did not go into effect until after the post-filing season, meaning the impacts of significant Trump Admin staffing cuts are not reflected in revenue for the 2025 season. The planned layoffs, spearheaded by Bessent, will kneecap the agency’s ability to do its basic job. If IRS staffing levels are nearly halved, as the Administration has promised, these cuts could drive up the deficit and lead to $2.4 trillion in lost revenue over the next decade.

    “Further cutting IRS staff means less staff to monitor wealthy tax cheats and collect the tax revenue that will help offset our budget deficit,” wrote the lawmakers. 

    Continued layoffs will also significantly damage the agency’s customer service capacity. When reductions in force began at the IRS this spring, personnel essential to the tax filing season operations were required to continue working until mid-May, which limited the impact of staffing losses on tax revenue for the 2025 season. But the continuing layoffs at the IRS will kneecap the agency’s ability to do its basic job. 

    “These actions are inconsistent with your public commitments to meaningfully reduce the federal deficit and will undo the improvements made to the IRS’s taxpayer services,” the lawmakers concluded. 

    The senators requested an explanation for the administration’s cuts to the IRS and the agency’s plans to retain adequate levels of customer service by June 30, 2025. 

    A copy of the letter is available here.  

    MIL OSI USA News –

  • MIL-OSI USA: Kaine, Colleagues Highlight Trump Administration Hypocrisy on National Debt While It Guts IRS, Pushes Giant Tax Cuts for Billionaires

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine
    WASHINGTON, D.C. — U.S. Senators Tim Kaine (D-VA), Elizabeth Warren (D-MA), Angus King (I-ME), and Sheldon Whitehouse (D-RI) sent a letter to Treasury Secretary Scott Bessent and Internal Revenue Service (IRS) Commissioner Billy Long regarding the hypocrisy of their claims that they want to cut the deficit while simultaneously slashing the IRS workforce and cutting taxes for the ultra-wealthy. 
    In June last year, Secretary Bessent said he was “alarmed by the size of [the government’s] deficit,” and publicly championed a plan to cut the annual deficit from 6.4 percent of GDP to three percent. In an interview in April, Deputy Treasury Secretary Faulkender reiterated that the Administration’s intent is to “bring the deficit down.” When pressed by senators in written questions, Secretary Bessent affirmed his commitment to lowering the deficit to three percent of GDP by the end of President Trump’s term.
    However, according to the nonpartisan Congressional Budget Office, an extension of the 2017 Republican tax bill, also known as the Tax Cuts and Jobs Act, would add $52 trillion to the national debt over the next 30 years, adding more debt to the nation’s balance sheet in three decades than ever before.
    Additionally, earlier this year, the Trump administration began reductions in force at the IRS, including a plan to reduce IRS employee headcount by 40 percent. Tens of thousands of workers have left the agency since President Trump’s inauguration. The IRS division that audits billionaires and the ultra-wealthy has already lost 38 percent of its employees and had its funding rescinded by President Trump and Congressional Republicans. Even before these massive layoffs, IRS audits were already at a 23-year low.
    Treasury Secretary Bessent last week took a victory lap, touting increased IRS revenue in the most recent filing season — but planned mass layoffs at the IRS did not go into effect until after the post-filing season, meaning the impacts of significant Trump Admin staffing cuts are not reflected in revenue for the 2025 season. The planned layoffs, spearheaded by Bessent, will kneecap the agency’s ability to do its basic job. If IRS staffing levels are nearly halved, as the Administration has promised, these cuts could drive up the deficit and lead to $2.4 trillion in lost revenue over the next decade.
    “Further cutting IRS staff means less staff to monitor wealthy tax cheats and collect the tax revenue that will help offset our budget deficit,” wrote the lawmakers. 
    Continued layoffs will also significantly damage the agency’s customer service capacity. When reductions in force began at the IRS this spring, personnel essential to the tax filing season operations were required to continue working until mid-May, which limited the impact of staffing losses on tax revenue for the 2025 season. But the continuing layoffs at the IRS will kneecap the agency’s ability to do its basic job. 
    “These actions are inconsistent with your public commitments to meaningfully reduce the federal deficit and will undo the improvements made to the IRS’s taxpayer services,” the lawmakers concluded. 
    The senators requested an explanation for the administration’s cuts to the IRS and the agency’s plans to retain adequate levels of customer service by June 30, 2025. 
    A copy of the letter is available here.  

    MIL OSI USA News –

  • MIL-OSI USA: Transforming Factories into Mixed-Use Housing

    Source: US State of New York

    overnor Kathy Hochul today announced the opening of Wood and Brooks the Lofts in the Town of Tonawanda. The $23 million mixed-use project transformed 98,370 square feet of space inside a former piano key factory into 55 apartments, and a commercial hub anchored by The Plan Room — a first of its kind, coworking space in Western New York that caters to businesses and individuals in the construction industry.

    “We are working to address the housing crisis with each project we support, by creating the types of modern and sustainable homes that uplift communities and allow families to grow all over the state, including in Erie County,” Governor Hochul said. “We as a state need to build more housing in order to drive down housing affordability, and revitalizing and rehabilitating long-vacant buildings for housing and workforce development is one way we can get that done. This is another great example of what’s possible when municipalities and the state work in true partnership with nonprofits and private developers.”

    This historic renovation project is located within an industrial neighborhood in the Town of Tonawanda bordering the City of Buffalo. The Wood and Brooks piano key factory at 2075 Kenmore Avenue opened in the early 1910s and was renowned for its production of ivory keys. It also played a pivotal role in manufacturing Higgins boat landing crafts during World War II. The location, which is listed in the State and National Registers of Historic Places, has been revitalized by the Wopperer family and their extended relatives, who have held ownership of the property since 1972. The building was once known for a since-removed giant elephant head on the roof, a reference to the ivory used to make the keys.

    Wood and Brooks the Lofts offers a range of high-end amenities including a fitness center, on-site café, dog park and wash station, co-working and lounge areas, and 24/7 maintenance services — all designed to enhance the quality of life for residents and commercial tenants. In addition, the project promotes sustainability and preservation through participation in the New York State Brownfield Cleanup Program and utilization of federal and state historic tax credits.

    A centerpiece of the development is The Plan Room, a collaborative initiative with the Construction Exchange of Buffalo & WNY. Designed for small contractors ready to move beyond working from home but not yet in need of a full-scale office, The Plan Room provides private offices, shared meeting rooms, high-speed internet, showers, a shared workshop, and large storage lockers. With capacity for over 50 construction-related businesses, it is the first dedicated coworking space of its kind in the region. The Construction Exchange, a not-for-profit organization serving the Western New York construction industry since 1981, continues its mission of supporting business growth through access to information, education, and networking. To learn more about The Plan Room, visit www.wnyplanroom.com.

    Wood and Brooks Properties President Michael Wopperer said, “We are incredibly grateful to Empire State Development for their financial investment and belief in this project. The transformation of the historic Wood and Brooks factory into modern apartments and flexible workspace would not have been possible without their investment. This project is not only about restoring a landmark—it’s about creating opportunity, housing, and long-term impact in a neighborhood we’ve been proud to be part of for over 50 years.”

    Empire State Development is assisting the Wood and Brooks project with a $1 million Western New York Regional Economic Development Council capital grant towards the commercial portion of the project. The New York State Office of Parks, Recreation and Historic Preservation has facilitated the use of Federal and State Historic Rehabilitation Tax Credits, providing nearly $7.88 million in equity for the project.

    Empire State Development President, CEO and Commissioner Hope Knight said, “This project will deliver vital housing and catalyze economic growth through a dynamic mix of residential, workforce training and food amenities. The adaptive reuse of this long vacant former factory into high-quality homes is another step forward in the revitalization of Tonawanda. Governor Hochul understands that transforming communities into economic hubs requires housing that is accessible for all New Yorkers and is in proximity to jobs and transportation. The Wood and Brooks project is the latest demonstration of how we renew neighborhoods and increase housing opportunities.”

    New York State Office of Parks, Recreation and Historic Preservation Commissioner Pro Tempore Randy Simon said, “Pairing our historic buildings with state and federal historic rehabilitation tax credit programs can generate exciting new projects along our former industrial corridors. Through partnerships and collective vision, these buildings are reborn into active spaces that look to the future while linking us to a shared past. We are honored to be part of these efforts here in Tonawanda and across the state.”

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “By turning a former piano key factory into 55 beautiful, quality apartments and a hub for coworking, this project is not only providing the homes that families need, but also cultivating a vibrant community where residents and businesses can flourish. The Wood and Brooks development is another example of Governor Hochul’s commitment to honoring New York’s history and putting existing resources to work to increase housing supply, grow local economies, and create a stronger New York.”

    The Wood and Brooks project complements Governor Hochul’s economic development vision by making strategic investments in communities across the State which revitalize the economy and create more opportunities for New Yorkers. The FY26 Budget invests $100 million for the Downtown Revitalization Initiative and $100 million for NY Forward. These programs help municipalities promote quality of life, foster socio-economic development and create walkable, livable and safer neighborhoods in every corner of the state. The Budget also includes funding for the state’s Regional Economic Development Council initiative; new this year, the 10 councils will compete, in part, for $150 million in funding as part of the new ACHIEVE initiative to advance catalytic economic development projects backed by enhanced implementation funding to jump-start regional growth.

    WNYREDC Co-Chair and Campus Labs Co-Founder Eric Reich said, “Today’s ribbon cutting marks the transformation of a long-vacant building into a vibrant, mixed-use development designed to support and uplift the Town of Tonawanda. Thanks to Governor Hochul’s vision, this former brownfield site has been reimagined as a beautiful residence that also includes an incubator for construction contractors who will be the driving force behind future building projects in the region.”

    WNYREDC Co-Chair and Canisius University President Steve Stoute said, “Through the Regional Economic Development Council initiative, Western New York has worked to regrow its economy by increasing the level of building trades training for skilled jobs in our region. The WNYREDC appreciates added value created by the partnership between the project developer and the Construction Exchange of Buffalo & WNY, to help train future contractors and improve the skills of people already working in the field.”

    ECIDA President and CEO John Cappellino said, “On behalf of the ECIDA I congratulate Wood and Brooks Properties on completing this transformational redevelopment of the former Wood and Brooks piano factory. The project was approved for sales tax and Mortgage Recording Tax benefits under ECIDA’s Adaptive Reuse program, which helps developers finance the otherwise cost-prohibitive revitalization of our region’s abandoned historic commercial properties. The project will also create much-needed workforce-affordable housing, including setting aside 10 percent of the housing units for households earning 80 percent or less of the Area Median Income.”

    Assemblymember William Conrad said, “Wood and Brooks the Lofts is a truly transformational project, both in terms of the development team’s reimagination of this historic site, and because of its expansive impact on the housing market in the Town and Buffalo, including for working families seeking affordability. I had the pleasure of touring the property last year, and I was so impressed by the attention to detail, innovation, and quality in the apartments, amenities, and workspace. I thank Governor Hochul and Empire State Development for their faith in this effort and for their continued investment in the growth of Western New York.”

    Tonawanda Supervisor Joseph Emminger said, “The Wood and Brooks project is one that never would have happened without the vision of Michael Wopperer and his family, and the critical support from Governor Hochul, Empire State Development, and the ECIDA. The Town of Tonawanda is proud to have played a role in making this a reality and we look forward to working with Mr. Wopperer in continuing his vision in enhancing this historic property!”

    About Empire State Development

    Empire State Development is New York’s chief economic development agency, and promotes business growth, job creation, and greater economic opportunity throughout the state. With offices in each of the state’s 10 regions, ESD oversees the Regional Economic Development Councils, supports broadband equity through the ConnectALL office, and is growing the workforce of tomorrow through the Office of Strategic Workforce Development. The agency engages with emerging and next generation industries like clean energy and semiconductor manufacturing looking to grow in New York State, operates a network of assistance centers to help small businesses grow and succeed, and promotes the state’s world class tourism destinations through I LOVE NY. For more information, please visit esd.ny.gov, and connect with ESD on LinkedIn, Facebook and X.

    MIL OSI USA News –

  • MIL-OSI USA: ICYMI: Shaheen, New Hampshire Congressional Delegation Applaud Release of More Than $9.4 Million to Help Improve Water for Disadvantaged Communities, Small Towns and Private Wells

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen

    **Funding is New Hampshire’s FY 2025 allocation from the $5 billion Bipartisan Infrastructure Law program**

    (Washington, DC) – U.S. Senators Jeanne Shaheen (D-NH), a lead negotiator of the water provisions in the Bipartisan Infrastructure Law, and Maggie Hassan (D-NH), alongside Representatives Chris Pappas (NH-01) and Maggie Goodlander (NH-02), applauded the release of more than $9.4 million from a Bipartisan Infrastructure Law program to help Granite State communities and private well owners address contamination from per- and poly-fluoroalkyl substances (PFAS). The funding is New Hampshire’s Fiscal Year 2025 allocation from the U.S. Environmental Protection Agency (EPA). Shaheen secured this funding in the Bipartisan Infrastructure Law and has worked to ensure it can be used to help homes on private wells in addition to community water systems.  

    “When safe drinking water is on the line, it’s critical for New Hampshire to receive the federal funding it has been promised to address PFAS contamination,” said Senator Shaheen. “I’m glad the Environmental Protection Agency has released funding from the Bipartisan Infrastructure Law that I fought for to help ensure Granite Staters everywhere have clean drinking water. I’ll continue to push this administration to uphold its responsibility to protect public health.”

    “I’m glad to see that this $9 million in federal funding is being released to New Hampshire’s small communities to help them address dangerous PFAS contamination in their drinking water and private wells. However, this contamination problem is likely to continue because the Trump Administration is rolling back standards that would limit forever chemicals in drinking water,” said Senator Hassan. “I will continue to support efforts to ensure that all Granite Staters have access to clean, safe drinking water.”

    “I fought to pass the bipartisan infrastructure law to deliver needed resources to our communities to modernize water infrastructure, combat harmful PFAS contamination, and strengthen access to clean, safe water,” said Congressman Pappas. “While I continue to fight for better national water standards and federal resources for New Hampshire, I am glad that this funding is rightfully being delivered to help tackle toxic forever chemicals and protect public health.”

    “New Hampshire cannot thrive without access to safe, reliable drinking water – free from forever chemicals like PFAS,” said Congresswoman Goodlander. “This federal funding will make life better for hardworking people across our state, and I’ll never stop fighting to deliver every penny of federal funding that the people of New Hampshire were promised.”

    Senator Shaheen leads efforts in Congress to uncover the potential health effects related to PFAS contamination, respond to the chemical exposure and remediate polluted sites. As a lead negotiator of water provisions in the Bipartisan Infrastructure Law, Senator Shaheen worked to secure $10 billion to specifically address PFAS and other emerging contaminants, $5 billion of which is targeted to small and disadvantaged communities. To date, New Hampshire has received more than $325 million in water infrastructure funding from the Bipartisan Infrastructure Law, including $66 million to address PFAS. In the Fiscal Year 2024 government funding legislation, Senator Shaheen successfully secured language ensuring funding for small and disadvantaged communities from the Bipartisan Infrastructure Law could be used to address private well contamination. Shaheen has introduced legislation that would be a permanent fix.

    Pappas has been a leader in addressing PFAS and advocating for improved standards, increased investment, and a stronger national focus on PFAS contamination. On the House Transportation and Infrastructure Committee, Pappas led the fight for dedicated funding for PFAS and helped pass the bipartisan infrastructure law to deliver resources to New Hampshire communities. Pappas leads the Clean Water Standards for PFAS Act, legislation to establish water quality criteria and set limits on industrial PFAS discharges into water and water treatment plants. He also leads the PFAS Research and Development Reauthorization Act, the PFAS Registry Act, the PFAS-Free Procurement Act, and the No Taxation on PFAS Remediation Act.

    MIL OSI USA News –

  • MIL-OSI: BlackRock® Canada Announces Final June Cash Distributions for the iShares® Premium Money Market ETF

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the final June 2025 cash distributions for iShares Premium Money Market ETF. Unitholders of record on June 25, 2025 will receive cash distributions payable on June 30, 2025.

    Details regarding the final “per unit” distribution amounts are as follows:

    Fund Name Fund Ticker Cash Distribution Per Unit
    iShares Premium Money Market ETF CMR $0.129

    Further information on the iShares ETFs can be found at http://www.blackrock.com/ca.

    About BlackRock
    BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @BlackRockCA

    About iShares ETFs
    iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and US$4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

    iShares® ETFs are managed by BlackRock Canada.

    Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.  

    Contact for Media:
    Sydney Punchard
    Email: Sydney.Punchard@blackrock.com

    The MIL Network –

  • MIL-OSI USA: REP. HILL INTRODUCES RISE ACT TO SPUR FASTER ECONOMIC GROWTH AND JOBS

    Source: United States House of Representatives – Congressman French Hill (AR-02)

    WASHINGTON, D.C. – Today, Rep. French Hill (AR-02) introduced the Revitalizing Investment, Savings, and Entrepreneurship (RISE) Act, which he co-leads with Rep. Steube (R-FL). The RISE Act will unlock capital, boost investment, and stimulate economic growth and innovation for all Americans by limiting the capital gains tax rate to 15%.

    Rep. Hill said, “To build a stronger, more prosperous future, we need policies that unlock capital, reward risk-taking, and drive real growth for all Americans. That is exactly what the RISE Act delivers. My bill restores the proven, bipartisan capital gains tax rate that encourages long-term investment in Main Street businesses and drives innovation across our country. With greater access to capital, startups can turn ideas into reality, small businesses will expand and hire, and hardworking Americans will have more opportunity and higher wages.”

    Rep. Steube said, “American businesses rely on investment to grow and thrive. Yet, our current tax code burdens entrepreneurs and startups by taxing federal long-term capital gains at nearly 24%, creating a costly barrier to investment. Investing in America should never be a high-risk, expensive gamble. True long-term prosperity and economic security start when Washington unlocks more capital for U.S. industries. Our bill will cap the federal long-term capital gains tax rate at 15%, empowering investors to fuel economic growth and create good-paying American jobs.”

    Background:
    The RISE Act would limit the capital gains tax rate to 15% for all Americans. This is the top rate that was in effect from 2003 to 2012 and has historically enjoyed bipartisan support. Currently, federal capital gains taxes reach nearly 24% when including the 3.8% Medicare surtax—nearly five percentage points above the OECD average. Combined with state taxes as high as 14%, America’s total rates significantly discourage the business investment needed for economic growth.

    High capital gains tax rates increase the cost of capital and reduce overall investment in the economy. When businesses receive more funding to grow, productivity and innovation increase—boosting wages, raising living standards, and keeping prices low for consumers.

    The RISE Act builds on bipartisan precedent: President Obama preserved the 15% top rate in 2010 with overwhelming Democratic support, President Bush lowered the top rate to 15% in 2003 and extended the rate in 2006, and President Clinton signed legislation in 1997 to reduce capital gains taxes with significant Democratic backing.

    The RISE Act is endorsed by the National Taxpayers Union, National Venture Capital Association, and Americans for Tax Reform.

    MIL OSI USA News –

  • MIL-OSI USA News: One Big Beautiful Bill Will Protect American Jobs, Unleash Economic Growth

    Source: US Whitehouse

    President Donald J. Trump’s One Big Beautiful Bill is a generational opportunity to restore America’s economic strength and reward our hardworking citizens. With provisions designed to support the backbone of our nation — families, farmers, job creators, and law enforcement — the One Big Beautiful Bill will deliver meaningful results for Americans across the country.

    Everyday Americans joined top lawmakers to detail how the One Big Beautiful Bill will affect their livelihoods:

    • Toni McAllister, executive director of the Louisiana Loggers Association, says the One Big Beautiful Bill will give small logging businesses a chance to thrive: “It will finally give small businesses like ours a better opportunity to not just survive, but to grow and succeed … This legislation will lower the effective tax rate for producing in America, increase and make permanent the small business deduction, double immediate small business expensing, and reduce reporting burdens for small businesses.”
    • Paul Danos, CEO of his family-owned offshore energy service company, says the One Big Beautiful Bill is key for American energy dominance: “This bill is a lifeline for American energy and restores the kind of predictably that businesses like ours need to invest and grow.”
    • Sam Palmeter, an executive at one of the last remaining laser technology companies fully owned and operated in America, says the tax cuts in the One Big Beautiful Bill will give them a chance to expand: “This will immediately allow us to double our manufacturing space … This bill incentivizes us to create new jobs in the U.S. and we are incentivized to manufacture in the USA.”
    • Sheriff (Ret.) James Stuart, CEO of the Minnesota Sheriffs’ Association, says the One Big Beautiful Bill will deliver needed support for law enforcement: “No Tax on Overtime pay would benefit our protectors all across the country in tremendous ways. The increase in take home pay for these deputies and officers rewards the extra hours and the extra efforts that they devote to protecting their communities, impacting their own lives in significant ways. That is more money in their pockets to save, to invest, and to grow.”

    Agricultural leaders outlined how the One Big Beautiful Bill will deliver for America’s farmers, ranchers, and producers.

    • Michael Hunt, fifth-generation Wisconsin farmer: “The single biggest threat to family farm operations in the United States right now is the Estate Tax limitations. There’s no possible way, with the rising real estate values that are occurring in rural America, for production agriculture to shoulder the cost burden of estate tax when the first generation passes on.”
    • Ethan Lane of the National Cattlemen’s Beef Association: “That big chunk of the farm bill that’s in this reconciliation bill, including those animal health provisions that we have worked on for so long in the cattle industry, that is a huge win for cattle producers.”
    • National Pork Producers Council: “These investments and policy extensions offer critical support to agriculture, ensuring stability and long-term growth for farmers, ranchers, and the rural economy.”

    The National Association of Manufacturers launched a new ad campaign to highlight what’s at stake if the Trump Tax Cuts aren’t extended in the One Big Beautiful Bill: “If Congress doesn’t act, manufacturers will be hit with the largest tax increase in U.S. history. Six million jobs could be lost — that’s our neighbors, our communities, our futures.”

    Secretary of Energy Chris Wright discussed how the One Big Beautiful Bill ENDS the Biden-era Green New Scam: “It’s going to get rid of these subsidies and distortions that have hurt not just our electricity market, but our broader energy markets … The One Big Beautiful Bill — it is big. There are a lot of things in it, but a lot of them are just cleaning out underbrush and nonsense so it’s easier to build things in our country again, remove the distortions from the energy markets, unleash American businesses to build energy productions of all different kinds — but kinds that work, without subsidies.”

    Brian Moynihan, CEO of Bank of America, says extending the Trump Tax Cuts in the One Big Beautiful Bill is a top priority for preventing American jobs from being exported to foreign countries: “These tax rates were meant to get the U.S. competitive on taxes on corporations … Remember back to people were exporting business outside the United States for lower tax rate reasons … All that’s been gone for the last seven or eight years, and so we need to make sure these extend or that will start up again.”

    MIL OSI USA News –

  • MIL-OSI Security: Shelton Man Admits Defrauding Pandemic Relief Program

    Source: United States Department of Justice (National Center for Disaster Fraud)

    David X. Sullivan, United States Attorney for the District of Connecticut, Ketty Larco-Ward, Inspector in Charge of the U.S. Postal Inspection Service, Boston Division, and Harry Chavis, Special Agent in Charge of IRS Criminal Investigation in New England, announced that TONY STERLIN CANTAVE, 45, of Shelton, waived his right to be indicted and pleaded guilty today before U.S. District Judge Victor A. Bolden in New Haven for defrauding a COVID-19 pandemic relief program.

    In March 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act provided emergency financial assistance to Americans suffering the economic effects caused by the COVID-19 pandemic.  One source of relief provided by the CARES Act was the distribution of Economic Injury Disaster Loans (“EIDLs”), through the U.S. Small Business Administration (“SBA”), which provided working capital to eligible small businesses to meet operating expenses.

    According to court documents and statements made in court, in June 2020, Cantave applied for EIDL funding through the SBA.  The application contained a number of materially false statements, including that the business for which Cantave sought the loan, Arbitrage 1 Media, was an ongoing, legitimate business involved in the limousine and transportation business, and that he was not more than 60 days delinquent in his child support obligations.  After the SBA reviewed and approved the fraudulent EIDL application, Cantave received $96,200.  He then used the proceeds from the loan to pay for personal and non-business expenses, including $16,607.26 to pay off an automobile loan.

    Cantave pleaded guilty to one count of theft of government money and one count of making an illegal monetary transaction.  Each charge carries a maximum term of imprisonment of 10 years.

    Cantave has agreed to pay $104,176.21 in restitution.

    Cantave is released pending sentencing, which is not scheduled.

    Cantave has two prior federal convictions.  In December 1999, he was sentenced in New Haven federal court to 18 months of imprisonment for a firearm offense, and in February 2015, he was sentenced in Hartford federal court to 13 months of imprisonment for his participation in a U.S. Postal Service money order fraud scheme.

    This investigation has been conducted by the U.S. Postal Inspection Service and the Internal Revenue Service, Criminal Investigation Division.  The case is being prosecuted by Assistant U.S. Attorney David T. Huang.

    Individuals with information about allegations of fraud involving COVID-19 are encouraged to report it by calling the Department of Justice’s National Center for Disaster Fraud Hotline at 866-720-5721, or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    MIL Security OSI –

  • MIL-OSI USA: California needs more than groundwater to ensure water sustainability

    Source: US State of California 2

    Jun 24, 2025

    What you need to know: Despite the Newsom Administration’s efforts to increase groundwater and develop stronger partnerships with water agencies, California’s water system remains unprepared for the hotter and drier future. Without the successful completion of the Delta Conveyance Project, water supplies for millions of Californians are threatened.

    SACRAMENTO – Today, Governor Newsom and the Department of Water Resources released a new report showing that the state is collecting more groundwater data than ever before, and strengthening partnerships with water agencies to ensure that more groundwater is collected. While this can help the millions of Californians who rely on this water supply, it is not nearly enough. In order to continue capturing, moving, and storing enough water for all Californians, the state must complete long-delayed infrastructure projects and water system improvements, such as the Delta Conveyance Project.

    “California is taking an all-in approach to its water supply — including creating more groundwater storage and data to help us plan for the future. The data doesn’t lie, and it is telling us that our water system is unprepared for California’s hotter and drier climate. That means we also need to build new water infrastructure like the Delta Conveyance Project. We literally cannot afford to wait to complete this vital project and Californians are sick and tired of the self-imposed roadblocks standing in the way of our state’s continued progress.”

    Governor Gavin Newsom

    More groundwater data 

    California is now collecting more groundwater data than ever before. A new report released today by the California Department of Water Resources (DWR) shows that groundwater storage increased by 2.2 million acre-feet during Water Year 2024 — thanks to abundant precipitation and efforts by the State and its regional partners to capture and store more high flows during winter storms in groundwater basins, expand recharge basins, improve groundwater monitoring, and better coordination amongst local agencies to reduce groundwater pumping. That’s on top of significant groundwater storage increases in the previous water year.

    Yet, despite this, California still lacks the water infrastructure needed to ensure the state is prepared for a hotter, drier future and to provide Californians with the water they need. 

    More than ever, California must complete one of the most important water management and climate adaptation projects in state history, the Delta Conveyance Project, advancing much-needed and long-overdue improvements to the State Water Project.

    Data is key to informed decisions on groundwater

    The groundwater data was provided as part of DWR Semi-Annual Groundwater Conditions Update, will help state and local agencies better manage groundwater basins – a source of more than half of California’s water supplies in dry years – by providing updated information on statewide groundwater levels, groundwater storage, recharge, land subsidence, and well infrastructure.

    This data will continue to support groundwater recharge, which Governor Newsom has directed state agencies to maximize whenever possible.

     

    Partnering with farmers for increased groundwater storage

    Also today, Governor Newsom provided an update on the state’s ongoing partnerships with groundwater sustainability agencies and farmers, through the LandFlex program, which was launched in 2022.

    To address the impacts of multiyear drought in the Central Valley, DWR awarded $23.3 million in grant funding to six groundwater sustainability agencies in the Central Valley. The funding was distributed to help 52 small and mid-sized farms transition to more sustainable practices while eliminating groundwater overdraft and protecting drinking water supplies. 

    As a result, the program helped save over 100,000 acre-feet of groundwater, protected 16,500 drinking water wells, and reduced the over-pumping of groundwater on Central Valley farms.

    Learn more about this first-of-its-kind program. 
     

    Modernizing California’s water delivery infrastructure

    In order to prepare for a hotter, drier future, California must also invest in the modernization of its water delivery infrastructure. That’s why Governor Newsom is calling on the Legislature to fast-track the Delta Conveyance Project.

    The proposed project would create much-needed and long-overdue improvements to the State Water Project, which provides water for 27 million people and 750,00 acres of farmland. It would allow the State Water Project to better capture high flows during storm events and move that water to where it’s needed in the San Joaquin Valley and Southern California. It would also protect against earthquake risk.

    If the Delta Conveyance Project had been operational this past rainy season, it could have captured 952,000 acre-feet of water, enough for nearly 10 million people.

    Without action, the ability of the State Water Project to reliably deliver water to homes, farms and businesses will decline. The Governor will continue working to quickly advance these improvements to ensure that California is ready for a drier and hotter future, and its communities are safe and protected. 

    Press releases, Recent news

    Recent news

    Jun 24, 2025

    News What you need to know: President Trump’s illegal militarization of Los Angeles continues to hamstring crucial firefighting resources in California at the height of peak fire season. SACRAMENTO – With fires popping up across the state, the California National…

    Jun 23, 2025

    News SACRAMENTO – Governor Gavin Newsom issued the following statement regarding the death of Los Angeles Police Department (LAPD) Sergeant Shiou Deng:“Jennifer and I are heartbroken by the loss of Sergeant Deng, who dedicated more than 26 years to serving the Los…

    Jun 23, 2025

    News What you need to know: Thanks to California’s Film and Television Tax Credit Program, 48 projects — including 43 independent features — will be made in California, projected to generate $664 million in economic activity and employ over 6,500 cast and crew across…

    MIL OSI USA News –

  • MIL-OSI USA: California National Guard fire crews operating at just 40% capacity due to Trump’s illegal Guard deployment

    Source: US State of California 2

    Jun 24, 2025

    What you need to know: President Trump’s illegal militarization of Los Angeles continues to hamstring crucial firefighting resources in California at the height of peak fire season.

    SACRAMENTO – With fires popping up across the state, the California National Guard’s (CalGuard) critical firefighting crews – known as Task Force Rattlesnake – are operating at just 40% capacity. Eight of 14 teams have been diverted to Los Angeles as part of President Trump’s illegal – and highly inefficient – federalization of the Guard. Capacity has only worsened, reducing available crews from nine of 14 last week to just six now. 

    Joint Task Force Rattlesnake is made up of over 300 California National Guard (CalGuard) members, who work at the direction of CAL FIRE to help fight and prevent fires. The President’s illegal federalization of the Guard has already impacted firefighting efforts, leaving CAL FIRE to step in to fill the gaps left by the Guard’s understaffing. 

    With peak fire season well underway across California, we need all available resources to protect communities. President Trump: rescind your illegal order and get the Guard back to the critical firefighting and prevention work that actually keeps communities safe.

    Governor Gavin Newsom

    The National Guard impact is on top of the Trump administration’s dangerous cuts to the U.S. Forest Service, which also threatens the safety of communities across the state. The U.S. Forest Service has lost 10% of all positions and 25% of positions outside of direct wildfire response – both of which are likely to impact wildfire response this year. 

    California’s unprecedented wildfire readiness 

    Despite the strain caused by President Trump, California stands ready to protect communities. As part of the state’s ongoing investment in wildfire resilience and emergency response, CAL FIRE has significantly expanded its workforce over the past five years by adding an average of 1,800 full-time and 600 seasonal positions annually – nearly double that from the previous administration. Over the next four years and beyond, CAL FIRE will be hiring thousands of additional firefighters, natural resource professionals, and support personnel to meet the state’s growing demands.

    Late last month, the Governor announced $72 million for projects across the state that help reduce catastrophic wildfire risk. Additionally, 20 new vegetation management projects spanning nearly 8,000 acres have already been approved for fast-tracking under the Governor’s new streamlining initiative.

    This builds on consecutive years of intensive and focused work by California to confront the severe ongoing risk of catastrophic wildfires, and Governor Newsom’s emergency proclamation signed in March to fast-track forest and vegetation management projects throughout the state. Additionally, to bolster the state’s ability to respond to fires, Governor Newsom recently announced that the state’s second C-130 Hercules airtanker is ready for firefighting operations, adding to the largest aerial firefighting fleet in the world. 

    New, bold moves to streamline state-level regulatory processes builds long-term efforts already underway in California to increase wildfire response and forest management in the face of a hotter, drier climate. A full list of California’s progress on wildfire resilience is available here.

    Recent news

    Jun 23, 2025

    News SACRAMENTO – Governor Gavin Newsom issued the following statement regarding the death of Los Angeles Police Department (LAPD) Sergeant Shiou Deng:“Jennifer and I are heartbroken by the loss of Sergeant Deng, who dedicated more than 26 years to serving the Los…

    Jun 23, 2025

    News What you need to know: Thanks to California’s Film and Television Tax Credit Program, 48 projects — including 43 independent features — will be made in California, projected to generate $664 million in economic activity and employ over 6,500 cast and crew across…

    Jun 20, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Soon-Sik Lee, of Bellevue, Washington, has been appointed Chief of Planning and Engineering at the California High Speed Rail Authority. Lee has been a Vice President – Senior Program…

    MIL OSI USA News –

  • MIL-OSI: Creatd, Inc. Completes 2024 PCAOB Audit, Achieving Two Years of Audited Financials and Clearing Path Toward SEC Re-Registration and National Exchange Uplisting

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 24, 2025 (GLOBE NEWSWIRE) — Creatd, Inc. (OTC: CRTD), a company focused on acquiring synergistic technology businesses, today announced the completion of its 2024 PCAOB audit and submission of audited financials to the OTC Markets. With two consecutive years of audited financial statements now finalized, along with the Company’s Q1 2025 financials published on the OTC, the Company is fully current with its reporting. This positions Creatd to re-register its securities with the SEC, reapply for listing on the OTCQB, and continue progressing toward an uplisting to a national securities exchange.

    Key Financial Highlights:

    • As of today, net equity stands at over $2.9 million, reflecting an $18 million improvement since 2023, with $15 million of that gained during the 2024 fiscal year.
    • Revenues for fiscal year 2024 totaled approximately $1.5 million, a figure already matched in the first half of 2025.
    • The Company expects to reapply to the OTCQB imminently as part of its ongoing capital markets compliance strategy.

    Strategic Foundation Built in 2024

    The year 2024 was a critical period in laying the groundwork for Creatd’s financial recovery and long-term viability. The Company addressed two defining challenges: First, it overcame a capital-constrained environment by collaborating with shareholders and strategic partners. With them, it secured the funding necessary to sustain and grow operations during one of the most challenging periods for microcap companies. Second, Creatd adapted to the evolving microcap landscape, where single-focus, pure-play companies increasingly struggle to gain investor traction. It built a diversified model by acquiring complementary businesses and integrating them into a shared infrastructure. This included consolidating revenues across multiple lines, unifying back-office functions, technology systems, regulatory and compliance processes, and applying a platform-wide understanding of audience and market behavior.

    This adaptive approach allowed the Company not only to weather 2024, but to exit the year with a stronger balance sheet, broader revenue base, and a path forward toward SEC re-registration and uplisting.

    Jeremy Frommer, CEO of Creatd, commented:

    “The past two years have been both the worst and, somehow, the greatest I’ve experienced in my career. We had to navigate the remissness of our previous auditing firm, who we terminated. At the same time, we endured a historic collapse in the microcap sector. It brought Creatd, the company I’ve led for over a decade, to its knees. But we never gave up, and what we learned about ourselves and today’s business environment is invaluable.

    Today, we stand strong. We’ve built back a solid balance sheet, completed two years of PCAOB-audited financials, and proven we understand what it takes to survive a full cycle in the emerging growth public markets. We will continue to acquire, invest in, and support our peers because no one gets through this space alone.”

    The full audited 2024 Annual Report is available here, on OTC Markets.

    About Creatd, Inc.
    Creatd, Inc. focuses on investments and operations across technology, media, aviation, advertising, and consumer sectors. By leveraging its expertise in structured finance and acquisitions, Creatd identifies and nurtures opportunities within small-cap companies, driving growth and innovation across its diverse portfolio.

    For investor inquiries, contact:
    ir@creatd.com

    The MIL Network –

  • MIL-OSI: Creatd, Inc. Completes 2024 PCAOB Audit, Achieving Two Years of Audited Financials and Clearing Path Toward SEC Re-Registration and National Exchange Uplisting

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 24, 2025 (GLOBE NEWSWIRE) — Creatd, Inc. (OTC: CRTD), a company focused on acquiring synergistic technology businesses, today announced the completion of its 2024 PCAOB audit and submission of audited financials to the OTC Markets. With two consecutive years of audited financial statements now finalized, along with the Company’s Q1 2025 financials published on the OTC, the Company is fully current with its reporting. This positions Creatd to re-register its securities with the SEC, reapply for listing on the OTCQB, and continue progressing toward an uplisting to a national securities exchange.

    Key Financial Highlights:

    • As of today, net equity stands at over $2.9 million, reflecting an $18 million improvement since 2023, with $15 million of that gained during the 2024 fiscal year.
    • Revenues for fiscal year 2024 totaled approximately $1.5 million, a figure already matched in the first half of 2025.
    • The Company expects to reapply to the OTCQB imminently as part of its ongoing capital markets compliance strategy.

    Strategic Foundation Built in 2024

    The year 2024 was a critical period in laying the groundwork for Creatd’s financial recovery and long-term viability. The Company addressed two defining challenges: First, it overcame a capital-constrained environment by collaborating with shareholders and strategic partners. With them, it secured the funding necessary to sustain and grow operations during one of the most challenging periods for microcap companies. Second, Creatd adapted to the evolving microcap landscape, where single-focus, pure-play companies increasingly struggle to gain investor traction. It built a diversified model by acquiring complementary businesses and integrating them into a shared infrastructure. This included consolidating revenues across multiple lines, unifying back-office functions, technology systems, regulatory and compliance processes, and applying a platform-wide understanding of audience and market behavior.

    This adaptive approach allowed the Company not only to weather 2024, but to exit the year with a stronger balance sheet, broader revenue base, and a path forward toward SEC re-registration and uplisting.

    Jeremy Frommer, CEO of Creatd, commented:

    “The past two years have been both the worst and, somehow, the greatest I’ve experienced in my career. We had to navigate the remissness of our previous auditing firm, who we terminated. At the same time, we endured a historic collapse in the microcap sector. It brought Creatd, the company I’ve led for over a decade, to its knees. But we never gave up, and what we learned about ourselves and today’s business environment is invaluable.

    Today, we stand strong. We’ve built back a solid balance sheet, completed two years of PCAOB-audited financials, and proven we understand what it takes to survive a full cycle in the emerging growth public markets. We will continue to acquire, invest in, and support our peers because no one gets through this space alone.”

    The full audited 2024 Annual Report is available here, on OTC Markets.

    About Creatd, Inc.
    Creatd, Inc. focuses on investments and operations across technology, media, aviation, advertising, and consumer sectors. By leveraging its expertise in structured finance and acquisitions, Creatd identifies and nurtures opportunities within small-cap companies, driving growth and innovation across its diverse portfolio.

    For investor inquiries, contact:
    ir@creatd.com

    The MIL Network –

  • MIL-OSI Russia: IMF Executive Board Completes the Fourth Review Under the Extended Credit Facility Arrangement with the Union of the Comoros

    Source: IMF – News in Russian

    June 24, 2025

    • The IMF Executive Board completed today the fourth review under the Extended Credit Facility Arrangement with the Union of the Comoros. Approval of the fourth review enables an immediate disbursement of SDR 3.56 million (about US$ 4.87 million).
    • Program performance remains broadly on track despite setbacks in 2024 linked to a lengthy political transition and external shocks. The authorities have reaffirmed their commitment to the ECF-supported reform agenda and are determined to demonstrate stronger program ownership in the period ahead.
    • Economic conditions remain broadly stable, supported by adequate external buffers and continued program engagement, despite persistent inflationary pressures. Implementation of the ECF-supported program is helping to safeguard macroeconomic stability, advance critical structural reforms, and mobilize concessional financing to address Comoros’s significant development and financing needs.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed today the fourth review under the Union of the Comoros’ Extended Credit Facility (ECF) arrangement. The Executive Board’s decision allows for an immediate disbursement of SDR 3.56 million (about US$ 4.87 million), bringing the total disbursements so far under the arrangement to about $23.7 million. The 4-year ECF arrangement was approved on June 1, 2023 (See Press Release No. 23/194) with an access of SDR 32.04 million (about US$ 43 million).  

    In completing the review, the Executive Board also approved the authorities’ requests for (i) waivers of nonobservance of the quantitative performance criteria (QPCs) on tax revenue and the domestic primary balance at end of 2024 and the continuous QPC on the non-accumulation of external arrears and (ii) modifications to the end of December 2025 QPCs on tax revenue and domestic primary balance to reflect corrective actions for missing these QPCs at end-2024.

    While there is considerable progress towards the achievement of program objectives, significant and continued effort is required to maintain the reform momentum. The authorities have reiterated their strong commitment to the ECF-supported program and despite recent setbacks. Two of five QPCs were met as of end of December 2024 and 8 of the 11 structural benchmarks (SBs) expected between end of November 2024 and end of May 2025 were also met. 

    Comoros’ economic reform program supported by the ECF arrangement seeks to reduce fragility and increase economic resilience by building fiscal buffers, reducing debt vulnerabilities, strengthening the financial sector, and enhancing governance. Key policy priorities for the program remain unchanged and include: (i) mobilizing domestic revenue through reforms to strengthen tax and customs administration and streamline tax exemptions; (ii) stabilizing the financial sector including through the restructuring of the state-owned postal bank SNPSF and enhancing the Central Bank’s banking supervision and resolution capacities; and (iii) strengthening governance through PFM and anti-corruption reforms.

    Economic conditions remain broadly stable, though risks persist. Growth is estimated at 3.3 percent in 2024 and projected to rise to 3.8 percent in 2025, supported by public investment and recovering private sector credit. Inflation averaged 5 percent in 2024 and reached 7.3 percent (y/y) in March 2025, driven by food price pressures linked to cyclone-related supply disruptions and strong seasonal demand. As a result, average inflation for 2025 has been revised upward from 1.8 to 3.8 percent. Fiscal consolidation was weaker than expected in 2024 largely due to revenue shortfalls, but a stronger adjustment is planned for 2025, supported by corrective measures. The external position remains stable, with the current account deficit estimated at 2.2 percent of GDP and international reserves covering 7.4 months of imports in 2024. Reserves are projected to exceed 8.5 months over the program period.

    Following the Executive Board’s discussion, Mr. Nigel Clarke, Deputy Managing Director, and Acting Chair, issued the following statement:

    “The Comorian authorities remain committed to their reform agenda under the Extended Credit Facility-supported program, despite setbacks in 2024 linked to a lengthy political transition and external shocks. While the external position remains stable—supported by continued reserve accumulation—economic momentum softened amid elevated food inflation and cyclone-related supply shocks. These challenges highlight Comoros’s structural vulnerabilities as a small, fragile island state with limited fiscal space, weak diversification, and exposure to external and climate risks.

    “Fiscal policy continues to focus on a medium-term consolidation agenda to safeguard debt sustainability. Although 2024 fiscal outturns were weaker than expected driven largely by underperformance in tax revenue, the authorities are addressing the revenue shortfalls through corrective measures aimed at strengthening customs enforcement, improving taxpayer compliance, and recovering tax arrears.

    “Monetary policy remains focused on preserving external stability through the euro peg, alongside gradual improvements in liquidity management. While inflation remains elevated, the BCC stands ready to tighten its stance if inflation or reserve pressures persist. The central bank has expanded liquidity absorption capacity and begun publishing its operations calendar, with further reforms planned. Progress in financial supervision, resolution planning, and recapitalization—and sound operationalization of the new postal bank (BPC)—will be key to reinforcing financial sector resilience.

    “Governance and institutional reforms are progressing, though unevenly. Key achievements include operationalizing the Anti-Corruption Chamber, enhancing fiscal transparency, and adopting budget management regulations. Nonetheless, challenges persist in liquidity forecasting and cash management, accuracy in budget execution reporting, and reform implementation capacity. Strengthening the Treasury Committee, improving SOE oversight, and sustaining the PFM reform strategy remain essential to bolstering fiscal credibility.

    “Program implementation has regained momentum following a slowdown in late 2024. Continued engagement with the IMF and donor partners will be essential to safeguard macroeconomic stability, advance reforms, catalyze grants and concessional financing, and address capacity gaps.”

    Comoros Selected Economic Indicators (2024-28)
     

    Population (2018, thousands): 856

    Main products and exports: Cloves, ylang-ylang, vanilla

    Key export markets: Asia, European Union

    2024

    2025

    2026

    2027

    2028

    Est.

    proj.

    proj.

    proj.

    proj.

    Output

     

     

     

     

     

     

     

     

     

    Real GDP growth (%)

    3.3

    3.8

    4.3

    4.5

    4.3

    Employment

     

     

     

     

     

     

     

     

     

    Unemployment (%)

    n.a.

    n.a.

    n.a.

    n.a.

    n.a.

    Prices

     

     

     

     

     

     

     

     

     

     

    Inflation, period average (%)

    5.0

    3.8

    1.7

    2.1

    2.1

    Central government finances

     

     

     

     

     

     

     

     

    Revenue and grants (% GDP)

    16.2

    17.8

    17.2

    16.8

    16.7

    Expenditure (% GDP)

    19.2

    19.6

    18.9

    18.7

    18.8

    Fiscal balance (% GDP)

    -3.6

    -1.9

    -1.7

    -1.9

    -2.1

    Public debt (% GDP)

    33.7

    36.3

    37.7

    37.9

    39.3

    Money and Credit

     

     

     

     

     

     

     

     

    Broad Money (% change)

    5.1

    6.0

    5.5

    7.0

    5.0

    Credit to private sector (% change)

    1.6

    8.7

    5.2

    5.7

    5.5

    Balance of Payments

     

     

     

     

     

     

     

     

    Current account (% GDP)

    -2.2

    -3.1

    -4.1

    -3.6

    -3.0

    FDI (% GDP)

    0.4

    0.6

    0.6

    0.6

    0.6

    Reserves (months imports)

    7.4

    7.7

    8.4

    7.8

    9.5

    External debt (% GDP)

    30.0

    31.3

    33.8

    34.7

    36.5

    Exchange rate

     

     

     

     

     

     

     

     

     

      KMF/US$ (period average)

    449.7

    …

    …

    …

    …

    Sources: country authorities; and IMF staff’s estimates.
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

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

    https://www.imf.org/en/News/Articles/2025/06/24/pr25215-comoros-imf-completes-the-fourth-review-under-the-extended-credit-facility-arrangement

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI USA: Governor Stein Announces Software Company BuildOps Will Create 291 Jobs in Raleigh

    Source: US State of North Carolina

    Headline: Governor Stein Announces Software Company BuildOps Will Create 291 Jobs in Raleigh

    Governor Stein Announces Software Company BuildOps Will Create 291 Jobs in Raleigh
    lsaito

    Raleigh, NC

    Governor Josh Stein announced today that BuildOps, Inc., a company offering a software platform for commercial trade contractors will create 291 jobs in Raleigh. The company will invest $771,200 to establish an operations hub in Wake County. 

    “North Carolina offers companies like BuildOps a deep pool of tech talent,” said Governor Josh Stein. “North Carolina’s education and workforce training programs deliver the skilled people companies rely on to succeed in today’s competitive marketplace. We welcome this veteran-owned business to North Carolina.”  

    Founded in 2018 with headquarters in Los Angeles, BuildOps has developed a software-as-a-service platform built specifically to serve commercial trade contractors, providing project management, service, dispatching, and invoicing solutions. The company’s customers include HVAC, plumbing, mechanical and electrical contractors, among others. The company’s project in Raleigh will establish the company’s third operations hub, joining hubs in Los Angeles and Toronto that serve the company’s rapidly growing customer base. 

    “We’re thrilled to establish our newest operations hub in Raleigh, a city known for its exceptional talent pool, innovation-driven ecosystem, and strong commitment to business growth,” said Alok Chanani, Co-Founder and CEO for BuildOps. “This expansion is an important step in our ongoing mission to revolutionize the commercial trade industry, and we look forward to becoming an integral part of the thriving Raleigh community.”   

    “North Carolina’s tech sector has grown by 25% since 2018, outpacing the national average,” said Commerce Secretary Lee Lilley. “The state’s strong concentration of IT professionals has fostered an environment that attracts companies like BuildOps seeking the specialized, talented workforce North Carolina provides.”  

    Although wages will vary depending on the position, the average salary for the new positions will be $110,997, compared with an average wage in Wake County of $76,643. The new positions will bring an annual payroll impact to the community of more than $30 million per year. 

    The company’s project in North Carolina 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 more than $701.7 million. 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 $1,839,000, 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 targets. 

    The project’s projected return on investment of public dollars is 78 percent, meaning for every dollar of potential cost, the state receives $1.78 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.  

    Because BuildOps chose a location in Wake County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $613,000 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Wake, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state. 
    “I’m pleased to see a fast-growing company like BuildOps plant their flag in Raleigh,” said Senator Jay Chaudhuri. “We know what it takes to help IT companies grow and our community will help them be successful in our region.”  

    “Congratulations to the many economic development organizations and allies that demonstrated great teamwork to win this project for Raleigh and the greater Research Triangle region,” said Representative Cynthia Ball. “We look forward to seeing BuildOps reach the next phase of their growth here in North Carolina, serving their customers and bringing well-paying new jobs to the area.”  

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of N.C. on this project were the North Carolina General Assembly, the North Carolina Community College System, N.C. Commerce’s Division of Workforce Solutions, N.C. State University, Capital Area Workforce Development Board, Wake Technical Community College, the City of Raleigh, and Raleigh Economic Development and Wake County Economic Development, programs of the Greater Raleigh Chamber.  

    Jun 24, 2025

    MIL OSI USA News –

  • MIL-OSI: XRP Holders Turn to Cloud Mining Amid Ripple-SEC Legal Stalemate

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, California, June 24, 2025 (GLOBE NEWSWIRE) — With the prolonged legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continuing without a clear resolution, XRP holders are increasingly exploring alternative strategies to navigate regulatory uncertainty. One emerging trend is the adoption of cloud mining as a means of generating passive income without relying on short-term market performance.

    Recent on-chain data indicates that the Ripplecoin Mining platform has seen a 24.6% increase in new user registrations over the past 72 hours. Notably, payments made via XRP addresses have reached a new high, suggesting a growing shift in user behavior toward more stable income-generation models.

    XRP Market Confidence Wavers Amid Regulatory Stalemate

    The Ripple-SEC lawsuit, now in its third year, had previously seen optimistic market sentiment following partial legal wins. However, the absence of a conclusive ruling has led to renewed uncertainty. XRP’s price has dropped over 4% since early June, reflecting increased investor caution.

    “Given the current regulatory ambiguity, short-term investments in XRP carry heightened volatility. Cloud mining offers an alternative route for income generation that’s independent of market fluctuations,” said one blockchain industry analyst.

    Cloud Mining Emerges as a Tactical Choice

    Ripplecoin Mining, a cloud-based cryptocurrency mining service, reports heightened interest from XRP holders. The platform allows users to participate in crypto mining operations by purchasing computing power contracts. The process does not require technical expertise or equipment setup, and users can pay with digital assets such as XRP, BTC, DOGE, ETH, or USDT.

    With a flexible range of contract terms and a minimum entry point of $100, the platform’s appeal lies in its accessibility. According to Ripplecoin Mining, income varies based on the size and duration of contracts, with users receiving daily settlements in supported cryptocurrencies.

    User Growth Driven by Community Engagement

    Mentions of Ripplecoin Mining on social platforms like Reddit and X (formerly Twitter) have surged nearly 200% over the past month. Much of the discussion centers on passive income strategies and the role of XRP in cloud mining.

    Some users describe the platform as a buffer against market instability. One user from Texas commented, “I’m no longer solely dependent on XRP price movements. The mining system helps maintain daily income while holding my assets.”

    Onboarding Process

    Ripplecoin Mining outlines a three-step process for new users:

    1. Account Registration: New users can register via email and receive an introductory $15 worth of computing power.
    2. Contract Selection: A range of mining contracts is available to suit various risk levels and budgets.
    3. Daily Returns: Once a contract is activated through cryptocurrency payment, the system begins mining operations with daily returns automatically credited.

    Looking Ahead

    As regulatory headwinds continue to challenge XRP’s near-term outlook, a growing number of investors are diversifying their strategies. For some, platforms like Ripplecoin Mining represent a way to stay engaged with the ecosystem while mitigating exposure to price volatility.

    For more information:
    Official website: https://ripplecoinmining.com
    Download the app: https://ripplecoinmining.com/xml/index.html#/app
    Media contact: info@ripplecoinmining.com

    The MIL Network –

  • MIL-OSI: XRP Holders Turn to Cloud Mining Amid Ripple-SEC Legal Stalemate

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, California, June 24, 2025 (GLOBE NEWSWIRE) — With the prolonged legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continuing without a clear resolution, XRP holders are increasingly exploring alternative strategies to navigate regulatory uncertainty. One emerging trend is the adoption of cloud mining as a means of generating passive income without relying on short-term market performance.

    Recent on-chain data indicates that the Ripplecoin Mining platform has seen a 24.6% increase in new user registrations over the past 72 hours. Notably, payments made via XRP addresses have reached a new high, suggesting a growing shift in user behavior toward more stable income-generation models.

    XRP Market Confidence Wavers Amid Regulatory Stalemate

    The Ripple-SEC lawsuit, now in its third year, had previously seen optimistic market sentiment following partial legal wins. However, the absence of a conclusive ruling has led to renewed uncertainty. XRP’s price has dropped over 4% since early June, reflecting increased investor caution.

    “Given the current regulatory ambiguity, short-term investments in XRP carry heightened volatility. Cloud mining offers an alternative route for income generation that’s independent of market fluctuations,” said one blockchain industry analyst.

    Cloud Mining Emerges as a Tactical Choice

    Ripplecoin Mining, a cloud-based cryptocurrency mining service, reports heightened interest from XRP holders. The platform allows users to participate in crypto mining operations by purchasing computing power contracts. The process does not require technical expertise or equipment setup, and users can pay with digital assets such as XRP, BTC, DOGE, ETH, or USDT.

    With a flexible range of contract terms and a minimum entry point of $100, the platform’s appeal lies in its accessibility. According to Ripplecoin Mining, income varies based on the size and duration of contracts, with users receiving daily settlements in supported cryptocurrencies.

    User Growth Driven by Community Engagement

    Mentions of Ripplecoin Mining on social platforms like Reddit and X (formerly Twitter) have surged nearly 200% over the past month. Much of the discussion centers on passive income strategies and the role of XRP in cloud mining.

    Some users describe the platform as a buffer against market instability. One user from Texas commented, “I’m no longer solely dependent on XRP price movements. The mining system helps maintain daily income while holding my assets.”

    Onboarding Process

    Ripplecoin Mining outlines a three-step process for new users:

    1. Account Registration: New users can register via email and receive an introductory $15 worth of computing power.
    2. Contract Selection: A range of mining contracts is available to suit various risk levels and budgets.
    3. Daily Returns: Once a contract is activated through cryptocurrency payment, the system begins mining operations with daily returns automatically credited.

    Looking Ahead

    As regulatory headwinds continue to challenge XRP’s near-term outlook, a growing number of investors are diversifying their strategies. For some, platforms like Ripplecoin Mining represent a way to stay engaged with the ecosystem while mitigating exposure to price volatility.

    For more information:
    Official website: https://ripplecoinmining.com
    Download the app: https://ripplecoinmining.com/xml/index.html#/app
    Media contact: info@ripplecoinmining.com

    The MIL Network –

  • MIL-OSI: White Pearl Technology Group AB to Present at the Small Cap Growth Virtual Investor Conference June 26th

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, Sweden, June 24, 2025 (GLOBE NEWSWIRE) — White Pearl Technology Group AB (Nasdaq First North: WPTG; OTCQX: WPTGF), a leading global provider of digital transformation solutions with 32 subsidiaries across 20 countries, today announced that Marco Marangoni, CEO, will present live at the Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com, on June 26th, 2025.

    DATE: June 26th
    TIME: 11:00 AM ET
    LINK: REGISTER HERE

    Available for 1×1 Meetings June 26, 27, 30 and July 1st

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Record Q1 2025 Performance: Revenue increased 18.1% year-over-year to SEK 98.9M with EBITDA soaring 87.5% to SEK 15.9M
    • Historic EBITDA Margin: Achieved 16.1% EBITDA margin – highest in company history, up 600 basis points from Q1 2024
    • Technology Leadership: Emerging technologies segment now represents 15% of revenue, driving margin expansion
    • Global Scale: Expanded to 32 subsidiaries serving 200k+ customers across 6 continents with 800+ professionals
    • Vision 2028 Progress: On track toward SEK 827M revenue target with 17.1% EBITDA margin by 2028

    About White Pearl Technology Group AB

    White Pearl Technology Group AB (WPTG) is a global technology company listed on both Nasdaq First North Growth Market and OTCQX Best Market, specialising in digital transformation solutions. With 32 subsidiaries operating across 20 countries and a team of more than 800 professionals, WPTG serves over 200,000 customers worldwide across six continents. The company helps organisations navigate the complexities of the digital age, offering comprehensive services including AI & machine learning, cloud solutions, cybersecurity, IoT, system integration, and smart infrastructure solutions. WPTG’s diversified portfolio includes managed services (40% of revenue), emerging technologies (15%), and system implementation (26%), positioning the company at the forefront of the $1.8 trillion global digital transformation market.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:

    White Pearl Technology Group AB
    Peter Ejemyr
    VP Investor Relations
    Email: ir@whitepearltech.com
    Phone: +46 733 611000

    Marco Marangoni
    CEO, White Pearl Technology Group AB
    Email: marco.marangoni@whitepearltech.com
    Phone: +598 93 370 044

    Certified Adviser: Amudova AB
    Email: info@amudova.se
    Phone: +46 8 546 017 58

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI USA: What They Are Saying: Senate Republicans’ Legislation Delivers for American Workers, Businesses

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–The Senate Finance Committee’s legislation prevents a more-than $4 trillion tax hike and makes the 2017 Trump tax cuts permanent, giving American families and businesses the certainty they need to invest and plan for the future.

    Individuals and organizations committed to promoting economic opportunity and prosperity for all Americans are speaking out in support of the Finance Committee tax legislation.

    U.S. Chamber of Commerce

    “The Senate has taken the House-passed bill and strengthened the policies that do the most to increase domestic investment, job creation, and wage growth.  In particular, the Senate prioritizes the permanent reinstatement of three crucial tax policies.

    “These reforms are not only foundational to a competitive tax code, but they also provide the certainty and stability businesses and workers need to foster the type of major, long-term capital investments that fuel economic growth and opportunity for all Americans.” – Neil Bradley, Executive Vice President, U.S Chamber of Commerce

    National Association of Manufacturers

    “We commend Chairman Crapo for his leadership and steadfast commitment to pro-manufacturing tax policy. By preserving the full suite of pro-growth policies from the Tax Cuts and Jobs Act, this bill marks a major step forward for manufacturing in America.” – Jay Timmons, President and CEO, National Association of Manufacturers

    National Restaurant Association

    “The Senate has included in their tax bill the top priorities restaurant operators need to be the engines of their local economies. The inclusion of a permanent 199A qualified business income deduction, full expensing of capital investments, and the return of depreciation and amortization in the calculation of business interest expense have been our highest tax priorities for more than two years. We are also pleased to see many other policies like No Tax on Tips and Overtime are also included. We appreciate the work that has gone into getting the bill to this point and urge the Senate to pass this legislation to support the restaurant industry.” – Sean Kennedy, Executive Vice President, National Restaurant Association

    U.S. Department of the Treasury 

    “We applaud the Senate’s action to progress this critical legislation and expand upon President Trump’s tax relief for hardworking Americans.  The passage of this bill will deliver the permanence and certainty both individual taxpayers and businesses alike are looking for, driving growth and unleashing the American economy.” – Scott Bessent, U.S. Treasury Secretary

    Americans for Tax Reform

    “The Senate tax package delivers on President Trump’s campaign pledge to make the 2017 tax cuts permanent, providing across the board, pro-growth tax relief for American households and businesses.

    “The Senate’s tax package improves upon the House-passed bill by making the most pro-growth tax cuts permanent, greatly increasing economic growth and boosting take-home pay for American households.” – Mike Palicz, Director, Americans for Tax Reform

    National Taxpayers’ Union

    “The Senate plan encourages long-term business investment in the U.S. by making growth-boosting provisions permanent.  The House’s bill provides those deductions on a temporary basis.  But making it permanent could double the bill’s projected economic growth effect.” – Brandon Arnold, Executive Vice President, National Taxpayers’ Union

    Advancing American Freedom

    “The Senate has built on the House’s strong start to renew the Trump tax cuts.  Now Congress must continue to refine this package and send it to President Trump’s desk.  Otherwise, American families will see a devastating $2,000 increase on their taxes next year.  Let’s get this done and prevent the largest tax hike in American history.” – Tim Chapman, President, Advancing American Freedom

    Coalition for 1099-K Fairness

    “The Coalition for 1099-K Fairness strongly supports the Senate Finance package’s inclusion of language to raise the 1099-K reporting threshold.  This commonsense provision would increase the threshold to over $20,000 in total payments and more than 200 transactions per calendar year—effectively stopping the implementation of a burdensome $600 threshold, regardless of transaction count, scheduled to take effect in 2026 under the American Rescue Plan Act (ARP).”

    Business Roundtable

    “Business Roundtable commends Chairman Crapo and the Senate Finance Committee for delivering strong legislation that builds on President Trump’s historic tax reform.  The Committee’s tax title marks the latest critical step toward protecting and boosting the economic benefits that tax reform delivered for American businesses, workers and families.” – Kristen Silverberg, President and COO, Business Roundtable

    Invest in Education Coalition

    “Access to opportunity for children across the country is one step closer to becoming a reality.  This bill will empower parents and provide students with opportunities regardless of their ZIP code and fulfill President Trump’s pledge of universal school choice.  We urge the U.S. Senate to pass this critically important bill to help America’s K-12 parents and students.” – Anthony J. de Nicola, Board Chairman, Invest in Education Coalition

    American Petroleum Institute

    “We applaud Chairman Crapo and the Senate Finance Committee for presenting a tax plan that fortifies America’s energy advantage. This proposal strengthens key investment provisions and encourages oil and natural gas development to meet growing demand for affordable, reliable energy. We look forward to working with Congress to get the One Big Beautiful Bill across the finish line and ensure a final tax package that advances global competitiveness.” – Mike Sommers, President and CEO, American Petroleum Institute

    Click HERE to view bill text.

    Click HERE for a section-by-section.

    Click HERE for a bill overview.

    Click HERE to view the 2025 Tax Reform landing page.

    MIL OSI USA News –

  • MIL-OSI Banking: Stay secure with Windows 11, Copilot+ PCs and Windows 365 before support ends for Windows 10

    Source: Microsoft

    Headline: Stay secure with Windows 11, Copilot+ PCs and Windows 365 before support ends for Windows 10

    When we launched Windows in 1985, we set out to revolutionize computing—guided by the belief that technology should be accessible, intuitive and powerful for everyone. Nearly 40 years later, that same vision continues to drive us forward. Today, Windows is the most widely used operating system, powering over a billion monthly active devices through an open and flexible platform that connects people, ideas and innovations on the Windows PCs they use every day around the world.

    Looking ahead, 2025 marks an important milestone for Windows. We saw the spirit of innovation on full display at CES in January, as the Windows ecosystem came together to unveil breakthrough technologies and introduce new Windows 11 and Copilot+ PCs. And that momentum is only growing, as new silicon technology, thoughtful hardware designs and on-device AI experiences give people more of a reason to upgrade their Windows PC. With AI becoming a more natural and helpful part of everyday life, 2025 continues to emerge as the year of the Windows 11 PC refresh.

    From enhanced productivity and streamlined IT workflows to AI-driven innovation, these advancements are redefining what people expect from their devices—not just for today, but for the future. Whether you’re using a Copilot+ PC or Windows 365 in the cloud, we want you to experience the best of Windows 11, starting with security at the core. We also recognize that transitions to new PCs take careful planning. With Windows 10 support coming to an end in October, we’re here to provide information and resources to help you choose the path that works best for you—whether that’s exploring the next generation of Windows, staying on your current PC with the Extended Security Program (ESU) or moving to a cloud-based solution.

    Support for Windows 10 ends in October—Here’s what you need to know

    As technology evolves, phasing out older operating systems and upgrading to newer versions is a natural part of the lifecycle—one that helps ensure you have the latest security features and innovations. Windows 10 launched in July 2015, and after nearly a decade, support will end on Oct. 14, 2025.

    Here’s what that means:

    • Microsoft will no longer provide security and feature updates and technical support for Windows 10 PCs. While these devices will continue to function, they will no longer receive regular security updates, making them more vulnerable to cyber threats, such as malware and viruses.
    • Companies and organizations that operate Windows 10 may find it challenging to maintain regulatory compliance with unsupported software.
    • Applications running on Windows 10 may no longer be supported, as the platform is no longer receiving feature updates. As a result, some apps may experience decreased functionality.
    • Microsoft 365 Appsi running on personal and commercial Windows 10 PCs will continue receiving security updates until Oct. 10, 2028, and feature updates through August 2026.ii These updates are intended to help ease customers’ transition to Windows 11 and will be delivered through standard update channels. These updates do not include technical support.
    • Microsoft will continue to provide Security Intelligence Updates for Microsoft Defender Antivirus on Windows 10 through October 2028.

    If you’re using Windows 10 today, checking if your PC can upgrade to Windows 11 is simple. Just click the Start button, then go to Settings > Update & Security > Windows Update. You can also use the PC Health Check app to see if your device meets the Windows 11 system requirements, or check with your organization’s IT team for support.

    We understand that your PC holds what’s important to you, from years of valuable files to cherished photos, and the personal settings that make it yours. To help make your move to a Windows 11 PC as simple and secure as possible, we recommend using Windows Backup—built right into Windows 10. It’s an easy way to help you safely and securely transfer your data, personal files, and most settings and applications, so everything’s ready for you the moment you sign in.

    Explore what’s next with Windows 11

    Security is at the heart of Windows 11. As part of Microsoft’s Secure Future Initiative (SFI), we’re constantly improving Windows security to help keep you protected—whether you’re using a personal laptop or managing a fleet of devices at work. Windows 11 is secure by design and by default, with layers of defense enabled on day one to enhance your protection without the need to first configure settings.

    Windows 11 builds on the familiar Windows experience you know and trust, while also offering a more modern and secure computing experience. It delivers faster performance, simpler navigation and the latest features and experiences. It’s not just a device designed for today, it’s built for tomorrow.

    • Security first. Windows 11 is the most secure operating system we’ve ever built, and offers advanced security like TPM 2.0, virtualization-based security and Smart App Control—all enabled by default. New Windows 11 PCs have seen a reported 62% drop in security incidents and a 3x reported reduction in firmware attacksiii.
    • Faster and more efficient. Windows 11 continues to improve Windows update fundamentals, delivering faster monthly updates and smaller feature update downloads. This results in quicker response time when in sleep mode, faster web browsing and overall improved performance. In fact, Windows 11 PCs are up to 2.3x faster than Windows 10 PCsiv.
    • Familiar yet modern user experience. Windows 11 maintains familiar user experiences from Windows 10 but introduces a more modern and streamlined UI design with better multitasking features, like Snap Layouts and multiple desktops. Key elements like the Start menu and taskbar offer a cleaner look on Windows 11, while keeping navigation intuitive and user-friendly.
    • Built-in accessibility features. Windows 11 has new and improved accessibility features, building on the tools from Windows 10. New to Windows 11, Focus Sessions help users needing fewer distractions stay focused, live captions can transcribe audio from any app or in-person conversations through the mic, and Voice Access lets you control your device and dictate text using your voice—compared to basic speech recognition on Windows 10. Windows 11 also has improved contrast themes, better screen magnification and more natural Narrator voices.
    • Copilot on Windows 11. As Copilot becomes more optimized for Windows, it stands out as your go-to AI companion—ready when you need it. With Copilot Vision on Windowsv, Copilot acts as a second set of eyes, analyzing content on your screen in real time, and talking to you about it. And with the new Highlights feature, Copilot doesn’t just tell you what to do, it can show you.
    • Exclusive AI experiences at your fingertips. Windows 11 Copilot+ PCs unlock exclusive AI-powered experiences. Features such as Recall (preview), Click to Do (preview) and improved Windows search, help you be more efficient and find information effortlessly, while enhanced experiences such as Cocreator in Paint and Restyle in Photos help you tap into new creative possibilities with built-in securityvi.
    • Designed for any work environment and every employee. Windows 11 offers features that enhance multitasking and enable an estimated 50% faster workflows compared to Windows 10. Employees benefit from AI at their fingertips, faster performance and security enabled by default – with an estimated 250% return on investmentvii.
    • More choice, more flexibility, more performance. Whether for personal use, frontline workers or everyone in between, an extensive portfolio of Windows 11 and Copilot+ PCs from partners—like Acer, ASUS, Dell, HP, Lenovo, Samsung and Surface—is designed to fit your needs.

    Windows 10 Extended Security Updates: A bridge to your Windows 11 experience 

    We understand that moving to a new PC can take time, and we’re here to support you every step of the way. The Windows 10 Extended Security Updates (ESU) program is designed to help keep your Windows 10 PC protected after support ends on Oct. 14, 2025. ESU delivers monthly critical and important security updates to help you stay secure during the transition. However, it’s not meant to be a long-term solution—it doesn’t include new features, non-security updates, design change requests or technical support.

    As we shared last October, for the first time ever, you can enroll your personal Windows 10 PC in the ESU program and receive critical and important monthly security updates for one year after support ends in October. Today, we’re introducing additional free enrollment options and the simple steps to get started.

    Extended Security Updates for Windows 10:

    • For individuals: An enrollment wizard will be available through notifications and in Settings, making it easy to enroll in ESU directly from your personal Windows 10 PC. Through the enrollment wizard, you’ll be able to choose from three options:
      • Use Windows Backup to sync your settings to the cloud—at no additional cost..
      • Redeem 1,000 Microsoft Rewards points—at no additional cost..
      • Pay $30 USD (local pricing may vary).

    Once you select an option and follow the on-screen steps, your PC will automatically be enrolled. ESU coverage for personal devices runs from Oct. 15, 2025, through Oct. 13, 2026. Starting today, the enrollment wizard is available in the Windows Insider Program and will begin rolling out as an option to Windows 10 customers in July, with broad availability expected by mid-Augustxiii.

    • For commercial organizations: Organizations can subscribe to ESU for $61 USD per device to receive monthly critical and important security updates for one year. The subscription can be renewed annually for up to three years, with the cost increasing each yearix. Enrollment is available today through the Microsoft Volume Licensing Program and will be offered by Cloud Service Providers starting Sept. 1.
    • For cloud and virtual environments: Windows 10 devices accessing Windows 11 Cloud PCs through Windows 365 or Virtual Machines are entitled to ESU at no additional cost and will automatically receive security updates with no extra steps required.

    Learn more here: Extended Security Updates (ESU) program for Windows 10 | Microsoft Learn.

    Move to Windows 11 in the cloud with Windows 365

    Windows 365 gives organizations another way to move to Windows 11 without needing to replace every device right away. It’s a cost-effective and more sustainable alternative, while still providing enhanced security and operational efficiency. This cloud-based solution delivers a secure Windows 11 experience to any device through a Cloud PC, so your team can work from almost anywhere.

    To help make the transition easier, new customers can get 20% off on any Windows 365 plan for the first 12 months. Visit Windows 365 today to learn about this offerx.

    Windows ecosystem: A choice for everyone

    Every person and organization has different needs, whether that’s a portable device to stay connected on the go or a more powerful PC built for productivity and different workloads. Working closely with our trusted partners, there are a range of choices to support how you live, work and create.

    Here are a few Copilot+ PCs and Windows 11 devices from trusted partners like Acer, ASUS, Dell, HP, Lenovo, Samsung and Surface—with options designed for mobility, performance, security and AI-powered experiences.

    • Acer: Stay connected everywhere with the TravelMate P6 14 AI, a Copilot+ PC and high-performance business laptop built for mobile work and life.
    • ASUS: The ASUS Zenbook A14 Copilot+ PC delivers exclusive AI experiences and multi-working-day battery life in a sleek, minimalist design, while the ASUS ExpertBook P5 is an AI powerhouse in an aluminum body and sleek design for modern and mobile professionals.
    • Dell: Unleash your creativity with the Dell 16 Plus Laptop, featuring a large screen and Intel Arc graphics—ideal for students and creators. Or tackle work from anywhere on the Dell Pro 14 Premium, the lightest and quietest 14″ Copilot+ PC in the Dell Pro family.
    • HP: The HP OmniBook X Flip 16 inch 2-in-1 Laptop combines speed and performance for creative work and entertainment, while the HP EliteBook 8 G1i 14 inch delivers enterprise-grade security, AI-powered experiences and a portable design—perfect for IT professionals.
    • Lenovo: Create without limits with the super thin and light Yoga Slim 7i Aura Edition, offering exclusive Copilot+ PC experiences, or boost productivity with Lenovo’s new portfolio of 14ʺ and 15ʺ ThinkPad X9 Series laptops, designed for the tech-savvy professionals.
    • Samsung: The Galaxy Book5 Pro, a Copilot+ PC, is a powerful Windows 11 laptop built for multitasking, creative work and running your favorite apps—perfect for work and play. The Galaxy Book4 Edge is an ultra-thin, Copilot+ PC made for life on the go, with a brilliant display and long-lasting battery.
    • Surface Copilot+ PCs combine powerful performance, all-day battery life and breakthrough AI experiences in sleek designs with the all-new 13-inch Surface Laptop and the 12-inch Surface Pro with a flexible 2-in-1 design and a built-in kickstand. For organizations, Surface for Business Copilot+ PCs offer added efficiency with the latest Intel Core Ultra processors (Series 2).

    This summer is a good time to explore your options. Retailers like Microsoft Store, Amazon, Best Buy, Costco and more are offering deals now through September.

    When you’re ready to purchase, trade-in and recycling programs are available through our many trusted partners, including Acer, ASUS, Dell, HP, Lenovo, Samsung and global retailers like Best Buy, Boulanger, Costco, Currys, Elkjøp, Fnac, Harvey Norman, JB Hi-Fi, MediaMarkt & SATURN, officeworks, Sharaf DG and Walmart.

    For business customers, similar programs are offered through resellers like Bechtle, CDW, ComputaCenter, Connection, SHI and more. You can also explore Microsoft Store’s online trade-in program or find a convenient local recycling option near you.

    Moving forward to Windows 11—Together 

    Windows is a part of your everyday life, and we want to help keep that experience smooth, secure and up to date.

    If you’re unsure where to start, the first step is to check if your Windows 10 PC is eligible for a free upgrade to Windows 11. If it is, you can follow a few simple steps to install the upgrade—don’t forget to use Windows Backup to easily save your files and settings before making the switch.

    If your PC isn’t eligible or if you need more time—there are options. No matter where you are in your journey—whether it’s staying on your current PC with ESU, upgrading to Windows 11 or moving to Windows 365—we’re here to support you every step of the way.

    Learn more about how to get ahead of Windows 10 end of support and take the next steps: How to prepare for Windows 10 end of support by moving to Windows 11 today | Windows Experience Blog

    Endnotes

    i This includes Microsoft 365 Apps for enterprise, Microsoft 365 Apps for business, and the Microsoft 365 desktop apps included in other commercial and consumer suites such as Microsoft 365 E3, Microsoft 365 Business Standard, and Microsoft 365 Family.

     ii The final feature update will ship in August 2026 for customers on Current Channel, including all consumer customers. Customers on the Monthly and Semi-Annual Enterprise Channels will receive their final feature updates later – in October 2026 and January 2027, respectively. 

    iii Windows 11 Survey Report. Techaisle LLC, September 2024. Commissioned by Microsoft. Windows 11 results are in comparison with Windows 10 devices.

    iv Based on Geekbench 6 Multi-Core benchmark. See aka.ms/w11claims. 

    v Available in the US and coming to more non-European countries soon. 

    vi Copilot+ PC experiences vary by device and market and may require updates continuing to roll out through 2025; timing varies. See aka.ms/copilotpluspcs  

    vii Microsoft-commissioned study delivered by Forrester Consulting: “The Total Economic Impact of Windows 11 Pro Devices”, December 2022. Note, quantified benefits reflect results over three years combined into a single composite organization that generates $1 billion in annual revenue, has 2,000 employees, refreshes hardware on a four-year cycle and migrates the entirety of its workforce to Windows 11 devices. 

    viii Retail availability starts with the July 2025 non-security preview update via controlled feature rollout. To be among the first to experience new features, navigate to Settings > Windows Update, and turn on “Get the latest updates as soon as they’re available”.  

    ix Markets do not include Russia, Belarus, Cuba, Iran, Democratic People’s Republic of Korea, Sudan, and Syria. 

    x This offer runs from May 1 to Oct. 31, 2025, and is for customers not currently subscribing to Windows 365. Transactions must be processed through Microsoft’s operations center before 11:00 PM Pacific Time on October 31, 2025. This offer is non-transferable and cannot be combined with any other offer or discount on Windows 365. This offer is available only once per customer. The discount price will be in effect for the duration of the purchase commitment. Purchases made prior to the effective date of the offer are not eligible. Taxes, if any, are the sole responsibility of the recipient. Microsoft reserves the right to discontinue this promotion, and to modify these policies and the promotion’s terms and conditions at any time.  

    MIL OSI Global Banks –

  • MIL-OSI: FN6/2025 Forventningerne til ARR hæves efter rekordhøj vækst i første halvår

    Source: GlobeNewswire (MIL-OSI)

    NASDAQ FIRST NORTH GROWTH MARKET MEDDELELSE NR. 6/2025

    København, den 24. juni 2025

    FN6/2025 Forventningerne til ARR hæves efter rekordhøj vækst i første halvår

    Selskabets bestyrelse meddeler hermed at selskabet opjusterer forventningerne til ARR. De tidligere udmeldte vækstforventninger på 10% for 2025 opjusteres hermed til et interval på 15–20%. Forventningen til EBITDA på ca. 2,1 mio. DKK fastholdes.

    Baggrund

    Selskabet har i første halvår af 2025 oplevet en vedvarende og positiv udvikling i markedsefterspørgslen, hvilket har resulteret i en markant tilgang af nye kunder. Antallet af nye kunder er steget med over 100% sammenlignet med hele regnskabsåret 2024.

    Den primære vækst stammer fra det amerikanske marked, hvor interessen for selskabets FastPass IVM produkt viser fortsat fremgang.

    For at understøtte denne vækst i de kommende år planlægger selskabet øgede investeringer i forretningsudvikling, salgsindsatser og kundeunderstøttelse. På den baggrund fastholdes EBITDA-forventningen uændret.

    Selskabet offentliggør halvårsresultat for 2025 den 28.august 2025.

    Yderligere oplysninger

    FastPassCorp A/S, administrerende direktør Anders Meyer, am@fastpasscorp.com

    Certified Adviser

    Baker Tilly Corporate Finance P/S, Poul Bundgaards Vej 1, DK-2500 Valby, Tlf.: +45 33 45 10 00,

    www.bakertilly.dk

    The MIL Network –

  • MIL-OSI Security: Foreign National Sentenced to Prison for Conducting Cyber Scams That Victimized U.S. Citizens and Businesses

    Source: US FBI

    CHICAGO — A foreign national has been sentenced to three and a half years in federal prison for conducting a variety of cyber fraud schemes that victimized U.S. citizens and businesses.

    RIDWAN ADELEKE ADEPOJU and co-schemers operated multiple fraud schemes from Nigeria, including phishing scams, romance scams, and the submission of fraudulent tax returns.  The scams involved multiple spoofed email addresses, fictional social media personas, and unwitting money mules.  Adepoju’s schemes victimized numerous U.S. citizens and businesses, including individuals and companies in the Chicago area.

    Adepoju, 33, of Lagos, Nigeria, was arrested last year in the United Kingdom and extradited to the United States.  He pleaded guilty in March to federal wire fraud and aggravated identity theft charges.  On Tuesday, U.S. District Judge Matthew F. Kennelly imposed a 43-month prison sentence.

    The sentence was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, Ramsey E. Covington, Special Agent-in-Charge of IRS Criminal Investigation in Chicago, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.

    “Defendant’s offense involved a years-long, complex scheme, involving several types of scams and many victims,” Assistant U.S. Attorney Ann Marie E. Ursini argued in the government’s sentencing memorandum.  “Defendant chose to be a willing participant in the scheme over and over again.”

    MIL Security OSI –

  • MIL-OSI USA: International Convention Gavels

    Source: US GOIAM Union

    This article was featured in the Summer 2025 IAM Journal and was written by IAM Communications Representative Bill Harkum.

    The gavels used at the 2024 International Convention in New York City symbolize the diverse crafts and skills of our membership. Four unique gavels were produced by four proud lodges within the Eastern Territory.

    The IAM Ritual used at union meetings tells us that by tra­dition, two raps of the gavel are a call to order for the gathered members. Three raps of the gavel require the members to stand and be silent. One rap of the gavel means members take their seats and maintain order.

    THREE RAPS OF THE FIRST GAVEL

    One gavel was made by Local S6 members in Maine, home to Bath Tron Works and members who build ships for the U.S. Navy. Derek Bozeman of IAM Local S6 collaborated with Jeremy Tripp, a member of Bath Maine Draftsmen Association Local 3999, collaborated to produce a gavel out scrap ship material and stainless steel. The result is an impressively balanced and weigh­ ted gavel that looks like materials representing the yard of this ship building facility.

    Tripp said “we were able to incorporate a lot of the identity of the yard, the shipyard, into it.”

    The shine of the stainless steel against an inlaid TAM brass coin and a brass outline of a Navy ship as a crown piece above the hammerhead shows the skill and crea­tivity to turn a simple tool into a showpiece.

    “The pride, execution and talent that went into this gavel speaks for itself when you see it,” said IAM District 4 Business Representative Chris Wiers.

    THREE RAPS OF THE NEXT GAVEL

    The next gavel is from Local 175 in York, a home of Harley-Davidson motorcycles manufacturing. Using scrap steel, three members of the lodge fashioned a Harley handlebar and throttle into a gavel, and a Harley gas tank into a strike plate.

    “The theme was, ‘We make the eagle fly,”‘ said Sam Santiago, one of the Local 175 craftsmen to do the intricate work by hand.

    William Anthony IV is the member who artistically trimmed, bent, and hand painted the steel to look like bird feathers. Scott Karaschak produced the handle bar and motorcycle throttle body used in the gavel itself.

    “I am in total awe of what our members did at local 175, from the beginning to the finished product,” said TAM District 98 Assistant Directing Business Representative Kermit Forbes Jr.

    THREE RAPS OF THE NEXT GAVEL

    The next gavel is made by a member of Local 1943 at Cleveland-Cliffs in Middletown, Ohio. This factory is the largest producer of flat-rolled steel in North America, much of which is used in automobile production.

    Michael Wilhelm is a maintenance technician, responsible for attending to and fixing the machinery within this steel mill, for over a decade. He’s known for always staying busy, and finding projects to work on, regardless of the rest cycles in the plan. Wilhelm made all the parts and components of this gavel by band.

    The gavel is made from flat stainless steel and some brass. It features a rotating center coil, driven by a step down motor that Wilhelm had to specially tweak to appear to be levitating inside the hammer head. It has a micro furnace with burner boxes at the corners, and a blower motor to move the air from the furnace.

    “Mike is a real go-getter. No idle time, always working,” said Local 1943 President and Directing  Business  Representative Shawn Coffey. “I knew it would be a success and he would knock it out of the park.”

    THREE RAPS OF THE NEXT GAVEL

    The final gavel was made by IAM Local 4 member John Wible at the Winpisinger Center in Hollywood, Md. It is the only gavel for this convention made from wood, and the craftsmanship is just as intricate as its steel siblings used at the International Convention.

    Wible is a full time mainte­nance technician at the Winpisin­ger Center. When not at work he is a life member and volunteer firefi­ghter at this local fire department. “We are so proud of every gavel that’s being made. It showcases the talent our members have, the creativity that our members have,” said IAM Eastern Territory Gene­ral Vice President David Sullivan. ‘The gavel is very, very important to our process, and anybody who has the honor to swing that gavel, needs to respect that gavel, and respect our members, and always do what’s right for our members.” 

    All four gavels are now on dis­ play at IAM Headquarters.

    One rap of the gavel so that all can be seated.

    Watch Video Here

    The post International Convention Gavels appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI USA: President Trump’s One Big Beautiful Bill Prevents the Largest Tax Hike in History and Unleashes Economic Growth

    US Senate News:

    Source: US Whitehouse
    THE ONE BIG BEAUTIFUL BILL DELIVERS FOR THE AMERICAN WORKER: The One Big Beautiful Bill delivers the largest tax cut for working- and middle-class Americans in history. Put simply, President Trump’s One Big Beautiful Bill will unleash our economy and deliver a Blue-Collar BOOM.
    Bigger Paychecks: Hardworking Americans and families will see an average increase in take-home pay of OVER $10,000 per year.
    Historic Tax Relief for Workers: 15% tax cut for Americans earning between $30,000 and $80,000 per year.
    No Taxes on Overtime or Tips: Saves overtime and tipped workers nearly $2,000 annually.
    Historic Tax Breaks for Seniors: Introduces unprecedented financial relief for seniors.
    Made-in-America Tax Breaks: Interest deduction for loans on new American-made vehicles.
    Large Standard Deduction: Keeps the doubled standard deduction used by 91% of taxpayers, ensuring taxpayers keep more of their money with a simpler tax break.
    Provides Historic Relief for Working Families
    Bolsters Child Tax Credit: Increases and makes permanent the child tax credit, supporting over 40 million families.
    Supports Working Families: Expands childcare access and makes the paid leave tax credit permanent.
    Establishes Trump Investment Accounts for Newborns: Creates savings accounts to secure financial futures for every American child from birth.
    Improves Housing Affordability: Expands the Low-Income Housing Tax Credit to incentivize the construction of affordable homes for American families.
    Supports Family Farms: Raises death tax exemption, Increasing the amount family farms can inherit without paying taxes—protecting two million family farms from excessive taxation.
    Empowers School Choices: Enhances 529 savings accounts to make education affordable and empower American families and students to choose the education that best fits their needs.
    Drives Economic Growth Through America First Tax Policies
    Incentivizes Made-in-America Manufacturing: Full expensing for new factories and improvements to unleash domestic production.
    Expands Opportunity Zones: Permanently renews program, unlocking $100B+ for rural and distressed communities.
    Boosts American Businesses: The bill delivers full 100% expensing for new factories, equipment, and machinery.
    Puts Main Street Over Wall Street
    Promotes Growth: Helps small businesses keep more money by making permanent—and enhancing—the small business tax deduction, making it easier to grow and hire.
    Doubles Small Business Expensing: Raises the limit for small businesses to immediately deduct up to $2.5 million in equipment and property costs, helping them hire more workers and expand.
    President Trump’s One Big Beautiful Bill lowers tax rates to keep more money in Americans’ pockets—PREVENTING THE LARGEST TAX HIKE IN HISTORY.

    MIL OSI USA News –

  • MIL-OSI: Rockcliffe Capital Initiates Research Coverage on Wheaton Precious Metals Corp. (NYSE/TSX: WPM)

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — Rockcliffe Capital is pleased to announce today the initiation of equity research coverage on Wheaton Precious Metals Corp. (TSX/NYSE: WPM), the world’s premier precious metals streaming company known for its top-tier asset portfolio, strong balance sheet, and robust cash flow generation.

    Following extensive operational and fundamental analysis, Rockcliffe Capital’s research team highlights Wheaton’s unique position in the global metals streaming sector, underpinned by a low- risk, high-return growth model and industry-leading margins.

    “Wheaton delivers record financial results with exceptionally clean leverage and a rich growth runway,” said Felix Gelt, Managing Director of Research at Rockcliffe Capital. “The Q1 beat — driven by $470 M in revenue, $254 M net earnings, and $361 M operating cash flow — underscores the strength of its streaming model and disciplined approach to capital deployment.”

    Investment Thesis Highlights:

    • Record Q1 2025 Performance:
      • Revenue: $470 M, +59% YoY
      • Net Earnings: $254 M, +55% YoY
      • Operating Cash Flow: $361 M, +64% YoY
    • Balance Sheet Powerhouse:
      • $1.1 B in cash, zero debt, undrawn $2 B revolving credit facility
      • Allows flexibility for bolt-on streams, dividends, and share buybacks
    • High-Quality Assets & Growth Pipeline:
      • Streams on 18 producing mines and 28 development projects
      • Notable operational drivers: Salobo, Blackwater’s commercial production, plus Goose, Platreef, and Mineral Park all slated online by 2025 year-end
    • Dividend Resilience:
      • Q1 dividend of US$0.165/share declared
      • Solid FCF supports steady distribution to shareholders
    • ESG Leadership:
      • MSCI AAA, Sustainalytics top-rated, named to Corporate Knights’ Global 100 Most Sustainable Corporations

    Valuation & Target:
    Rockcliffe Capital’s internal base-case scenario supports a 12-month share price target of US$155, reflecting 2026 estimated valuation multiples of 18–20× forward earnings and 12–14× EV/FCF. This view reflects Wheaton’s forecast margin expansion, low capital intensity, and a strong path to cash accretion from its next wave of producing assets.

    Risk Factors:

    • Commodity Price Pressure: A significant gold or silver price correction (>10%) may compress margins and valuations.
    • Project Execution Risk: Slippages at development-stage assets could dent growth expectations.
    • Regulatory/Operational: Political risk in jurisdictions like Peru or Mexico could impact production timelines.

    About Rockcliffe Capital
    Rockcliffe Capital’s Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions.

    Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership.

    Please contact research@rockcliffe.capital for access to our full research suite and initiation reports.

    Media Contact
    Rockcliffe Capital
    Research & Markets Division
    research@rockcliffe.capital
    +1 (416)-642-1967

    This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities mentioned.

    The MIL Network –

  • MIL-OSI Security: Riverside County Woman Sentenced to Seven Years in Prison for Running $1.7 Million COVID-19 Benefits Fraud She Advertised on Instagram

    Source: US FBI

    LOS ANGELES – An Inland Empire woman was sentenced today to 84 months in federal prison for fraudulently obtaining $1.7 million in COVID-19 pandemic-related jobless benefits, federally-guaranteed small business loans, California Small Business COVID-19 relief grants, and Los Angeles County economic opportunity grants. 

    Jasmine Unique Mallard-McCarter, 30, a.k.a. “JassyMC,” of Eastvale, was sentenced by United States District Judge Maame Ewusi-Mensah Frimpong, who also ordered her to pay $1,765,407 in restitution.

    McCarter pleaded guilty on February 28 to one count of conspiracy to commit wire fraud. 

    McCarter impersonated others to apply online for government benefits that she used for herself. McCarter also used the personal identifying information provided by her co-conspirators to apply for government benefits on their behalf, knowing those co-conspirators were not eligible for those benefits.

    McCarter charged fees to instruct others how to apply for government benefits for which they were not eligible without getting caught. Also, for a fee, McCarter served as a broker for counterfeit documents, such as Social Security cards, driver’s licenses, IRS Forms 1040, W-2s, bank statements, education degrees and transcripts, pay stubs, and doctors’ notes for handicapped placards. In some instances, the McCarter and her co-conspirators used the counterfeit documents to trick the government into paying unjustified benefits. 

    McCarter advertised her fraud services on Instragram, using handles “JassyMc” and “EliteRealEstateandBusiness.” McCarter referred to herself as the “Jass of All Trades” in social media posts, because she could file fraudulent unemployment insurance applications, file grant applications, and broker counterfeit documents and identification in return for a fee.

    According to McCarter’s Instagram posts, she charged a fee for introducing customers to her connection at the California Department of Motor Vehicles, who could help bypass requirements for smog checks, insurance, and registration.

    The U.S. Department of Labor – Office of Inspector General, Employee Development Department Investigations Division, U.S. Small Business Administration – Office of Inspector General, U.S. Department of Homeland Security – Office of Inspector General, FBI, Homeland Security Investigations, and United States Secret Service investigated this matter. 

    Assistant United States Attorney Andrew Brown of the Major Frauds Section prosecuted this case.

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolster efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

    On September 15, 2022, the Attorney General selected the U.S. Attorney’s Offices for the Central and Eastern Districts of California to jointly head one of the three national COVID-19 Fraud Strike Force Teams. The Department of Justice established the Strike Force to enhance existing efforts to combat and prevent COVID-19 related financial fraud. The Strike Force combines law enforcement and prosecutorial resources and focuses on large-scale, multistate pandemic relief fraud perpetrated by criminal organizations and transnational actors, as well as those who committed instances of pandemic relief fraud. The Strike Force uses prosecutor-led and data analyst-driven teams to identify and bring to justice those who stole pandemic relief funds. Additional information regarding the Strike Force may be found at https://www.justice.gov/opa/pr/justice-department-announces-covid-19-fraud-strike-force-teams.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at (866) 720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form. 

    MIL Security OSI –

  • MIL-OSI: LPL Financial and Strategic Wealth Group Welcome Financial Advisors Mike Trudeau, Matt Merrick, Ben Ollila and Ben Prchal

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, June 24, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Mike Trudeau, CFP®, Matt Merrick, Ben Ollila, CFP® and Ben Prchal have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms, aligning with existing RIA firm Strategic Wealth Group. They reported serving approximately $220 million in advisory, brokerage and retirement plan assets* and join LPL from Thrivent Investment Management.

    Based just outside of Minneapolis in Lino Lakes, Minn., Trudeau, Merrick and Ollila began collaborating in 2009 and bring a combined three decades of financial industry experience to the practice. Prchal, who entered the financial industry in 2021, completes the team. Together, they take a take a holistic approach to helping their clients — most of whom are nearing or in retirement — plan for the next phase of their fiscal futures.

    “We approach financial planning like it’s a jigsaw puzzle to solve,” Merrick said. “Each piece of our clients’ financial puzzle — like retirement, Social Security investments, assets and estate planning — must be placed correctly to complete their fiscal picture.”

    Why they chose LPL and Strategic Wealth Group

    Looking for a strategic partner to help them provide an elevated client experience, free from corporate mandates and proprietary investments, Trudeau, Merrick, Ollila and Prchal turned to Strategic Wealth Group and LPL for the next chapter of their business.

    “By going independent with Strategic Wealth Group and LPL, we will be able to provide a holistic and tailored experience for each client, using products and services that make sense for their long- and short-term goals,” Trudeau said. “A tremendous plus is that Strategic Wealth Group’s services are backed by LPL’s innovative technology and integrated capabilities, allowing us to provide a next-level experience.”

    Prchal added, “By partnering with Strategic Wealth Group, we now have access to Strategic Tax Group, an in-house team of tax professionals, which will allow us to bundle financial planning, accounting and estate planning under one roof. By making this move, we will have the opportunity to serve our clients our way and build the business we envision.”

    Scott Posner, LPL Managing Director, Business Development, said, “We welcome Mike, Ben, Matt and Ben to LPL and congratulate them on their move to independence with Strategic Wealth Group. With more freedom and flexibility, financial advisors who choose LPL can work more effectively, run thriving practices and create value for their clients. We look forward to supporting Strategic Wealth Group for years to come.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Strategic Wealth Group and LPL Financial are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated as reported to LPL

    Media Contact: 
    Media.relations@LPLFinancial.com 

    Tracking #758126

    The MIL Network –

  • MIL-OSI: NextNRG Reports Preliminary May 2025 Revenue Growth of 148% Year-Over-Year

    Source: GlobeNewswire (MIL-OSI)

    AI-driven Energy Pioneer Delivers Best Month in Company History

    YTD Revenue Surpasses Total Revenue for All of 2024

    MIAMI, June 24, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered through its Next Utility Operating System®, smart microgrids, wireless EV charging, and mobile fuel delivery, today announced preliminary unaudited financial results for May 2025.

    May 2025 Highlights:

    • Revenue: $6.6 million, up 148% year-over-year
    • Year-to-date revenue through May reached approximately $28.89 million, surpassing full-year 2024 revenue of approximately $27 million

    “We’re proud to report another month of strong revenue growth,” said Michael D. Farkas, Executive Chairman and CEO of NextNRG. “This marks our fifth consecutive record month, driven by the expansion of our operations and rising demand from partners nationwide. It reflects our continued operational momentum and the scalability of our model as we enter new markets. Crossing our full-year 2024 revenue total before mid-year is a clear indication that our execution strategy is working.”

    NextNRG’s revenues continue to grow in scale, with strong adoption from commercial fleets and an expanding network of strategic partnerships. The company is also preparing to deploy its Next Utility Operating System®, AI-powered microgrid systems, and wireless EV charging products in key markets.

    Note on Preliminary Results
    The financial results for May 2025 are preliminary and unaudited. Final results may differ and will be confirmed upon the completion of standard month-end closing procedures.

    About NextNRG, Inc.
    NextNRG Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.

    At the core of NextNRG’s strategy is its Next Utility Operating System®, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, healthcare campuses, universities, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives.

    NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, providing fuel delivery while advancing efficient energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.

    To find out more, visit: www.nextnrg.com.

    Forward-Looking Statements
    This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

    Investor Relations Contact
    NextNRG, Inc.
    Sharon Cohen
    SCohen@nextnrg.com

    The MIL Network –

  • MIL-OSI: NextNRG Reports Preliminary May 2025 Revenue Growth of 148% Year-Over-Year

    Source: GlobeNewswire (MIL-OSI)

    AI-driven Energy Pioneer Delivers Best Month in Company History

    YTD Revenue Surpasses Total Revenue for All of 2024

    MIAMI, June 24, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered through its Next Utility Operating System®, smart microgrids, wireless EV charging, and mobile fuel delivery, today announced preliminary unaudited financial results for May 2025.

    May 2025 Highlights:

    • Revenue: $6.6 million, up 148% year-over-year
    • Year-to-date revenue through May reached approximately $28.89 million, surpassing full-year 2024 revenue of approximately $27 million

    “We’re proud to report another month of strong revenue growth,” said Michael D. Farkas, Executive Chairman and CEO of NextNRG. “This marks our fifth consecutive record month, driven by the expansion of our operations and rising demand from partners nationwide. It reflects our continued operational momentum and the scalability of our model as we enter new markets. Crossing our full-year 2024 revenue total before mid-year is a clear indication that our execution strategy is working.”

    NextNRG’s revenues continue to grow in scale, with strong adoption from commercial fleets and an expanding network of strategic partnerships. The company is also preparing to deploy its Next Utility Operating System®, AI-powered microgrid systems, and wireless EV charging products in key markets.

    Note on Preliminary Results
    The financial results for May 2025 are preliminary and unaudited. Final results may differ and will be confirmed upon the completion of standard month-end closing procedures.

    About NextNRG, Inc.
    NextNRG Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.

    At the core of NextNRG’s strategy is its Next Utility Operating System®, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, healthcare campuses, universities, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives.

    NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, providing fuel delivery while advancing efficient energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.

    To find out more, visit: www.nextnrg.com.

    Forward-Looking Statements
    This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

    Investor Relations Contact
    NextNRG, Inc.
    Sharon Cohen
    SCohen@nextnrg.com

    The MIL Network –

  • MIL-OSI United Kingdom: The Judicial Committee of the Privy Council overturns Jersey’s first declaration of incompatibility with human rights law24 June 2025 Jersey’s Attorney General, Mark Temple KC, and the Jersey Competent Authority, the Minister for Treasury and Resources, have succeeded in a landmark appeal before the Judicial Committee of the Privy… Read more

    Source: Channel Islands – Jersey

    24 June 2025

    Jersey’s Attorney General, Mark Temple KC, and the Jersey Competent Authority, the Minister for Treasury and Resources, have succeeded in a landmark appeal before the Judicial Committee of the Privy Council. 

    In a ruling handed down this morning, Jersey’s highest appellate court overturned the declaration made by the Court of Appeal last year under the Human Rights (Jersey) Law 2000 that the International Co-operation (Protection from Liability) (Jersey) Law 2018 is incompatible with human rights. This was the first declaration of incompatibility made by a Jersey court. 

    That Law, introduced in 2018, includes provisions that place limits on the costs and damages that can be awarded against public authorities in Jersey where public authorities have made decisions in good faith to fulfil a request from the authority of another country. The Court of Appeal had found that these provisions infringed Article 6(1) of the European Convention on Human Rights (ECHR) – ie the right to a fair trial in a civil case. However, the Attorney General and Jersey’s Competent Authority in tax information exchange cases have now succeeded, on appeal, in reversing that decision and other findings of the Court of Appeal. 

    Commenting on today’s judgment, Jersey’s Attorney General, Mark Temple KC said: “I am pleased that the Judicial Committee has allowed this appeal and overturned the declaration of incompatibility. I explained at the hearing of the appeal that the matter was of great importance for Jersey and that the Court of Appeal’s decision was the first time that a declaration of incompatibility had been made by a court in Jersey. I am therefore also grateful to the Judicial Committee for providing authoritative guidance concerning applications for declarations of incompatibility under the Human Rights (Jersey) Law 2000 and whether legislation pursues a legitimate aim.” 

    Deputy Elaine Millar, Minister for Treasury and Resources, commented: “I also welcome this judgment. It is vital that Jersey has a robust domestic legal framework which enables the Island to comply with its international obligations – in this case Jersey’s obligations under the OECD Mutual Assistance Convention, which are important for our financial services industry – in a timely and effective way. The States Assembly enacted the 2018 Law to ensure that public authorities in Jersey should not be constrained by the threat of large, unexpected costs liabilities when they are acting to provide assistance in good faith to other countries.” 

    The Court of Appeal had made the declaration in proceedings brought by Imperium Trustees (Jersey) Limited to challenge a notice issued in 2022 by the office of the Comptroller of Revenue on behalf of the Minister as the Jersey Competent Authority to produce tax information, for exchange with the authorities of Belgium, concerning a Jersey law trust administered by Imperium. 

    The Judicial Committee has found, contrary to the Court of Appeal, that the essential nature of those underlying proceedings is a “tax matter” as the core issue to be resolved is the lawfulness of a notice to produce tax information, not one of the peripheral issues relating to confidentiality that were raised by Imperium. 

    In the case law of the European Court of Human Rights, tax matters form part of what is known as “the hard core of public authority prerogatives”, being areas of law involving the state’s exercise of its public authority, which fall outside the scope of what are considered “civil rights and obligations” within Article 6(1) ECHR. 

    As a result, Article 6(1) ECHR was found not to be engaged in the Imperium case, and this was sufficient for the Judicial Committee to uphold the whole appeal. The Judicial Committee chose, however, to make a number of further points in relation to the Court of Appeal’s wider decision and the procedure it had followed in the context of rights under the ECHR. 

    In particular, the Judicial Committee was critical of the declaration having been made in an abstract manner without any actual evidence of the infringement of the rights of the persons before the court, namely Imperium. The Board said it was not open for the Court to do so by reference to litigants and matters that were not before the Court. 

    The justices also took issue with how the majority of the Court of Appeal had approached the question of whether the 2018 Law pursued a legitimate aim. They approved the statement by Jersey Justice of Appeal James Wolffe KC, who had dissented on this point in the Court of Appeal, that the correct approach is to have regard to the Law’s underlying social purpose, to focus not on what the measure does but the reason why it was enacted. Therefore, it was permissible for the Court to look beyond the provisions of the Law itself; to examine materials such as the Projet de Loi and the speeches made by the Ministers and Scrutiny Panel members in the States Assembly as recorded in Hansard.

    The judgment of the Judicial Committee is available here​.​​

    MIL OSI United Kingdom –