NewzIntel.com

Category: Transport

  • MIL-OSI USA: NASA’s SpaceX Crew-10 Launch

    Source: NASA

    A SpaceX Falcon 9 rocket carrying the company’s Dragon spacecraft is launched on NASA’s SpaceX Crew-10 mission to the International Space Station with NASA astronauts Anne McClain and Nichole Ayers, JAXA (Japan Aerospace Exploration Agency) astronaut Takuya Onishi, and Roscosmos cosmonaut Kirill Peskov onboard, Friday, March 14, 2025, from NASA’s Kennedy Space Center in Florida. NASA’s SpaceX Crew-10 mission is the tenth crew rotation mission of the SpaceX Dragon spacecraft and Falcon 9 rocket to the International Space Station as part of the agency’s Commercial Crew Program. McClain, Ayers, Onishi, and Peskov launched at 7:03 p.m. EDT from Launch Complex 39A at NASA Kennedy to begin a six-month mission aboard the orbital outpost.
    Image Credit: NASA/Aubrey Gemignani

    MIL OSI USA News –

  • MIL-OSI USA: NASA’s Webb Images Young, Giant Exoplanets, Detects Carbon Dioxide

    Source: NASA

    NASA’s James Webb Space Telescope has captured direct images of multiple gas giant planets within an iconic planetary system. HR 8799, a young system 130 light-years away, has long been a key target for planet formation studies.
    The observations indicate that the well-studied planets of HR 8799 are rich in carbon dioxide gas. This provides strong evidence that the system’s four giant planets formed much like Jupiter and Saturn, by slowly building solid cores that attract gas from within a protoplanetary disk, a process known as core accretion.
    The results also confirm that Webb can infer the chemistry of exoplanet atmospheres through imaging. This technique complements Webb’s powerful spectroscopic instruments, which can resolve the atmospheric composition.
    “By spotting these strong carbon dioxide features, we have shown there is a sizable fraction of heavier elements, like carbon, oxygen, and iron, in these planets’ atmospheres,” said William Balmer, of Johns Hopkins University in Baltimore. “Given what we know about the star they orbit, that likely indicates they formed via core accretion, which is an exciting conclusion for planets that we can directly see.”
    Balmer is the lead author of the study announcing the results published today in The Astrophysical Journal. Balmer and their team’s analysis also includes Webb’s observation of a system 97 light-years away called 51 Eridani.

    HR 8799 is a young system about 30 million years old, a fraction of our solar system’s 4.6 billion years. Still hot from their tumultuous formation, the planets within HR 8799 emit large amounts of infrared light that give scientists valuable data on how they formed.
    Giant planets can take shape in two ways: by slowly building solid cores with heavier elements that attract gas, just like the giants in our solar system, or when particles of gas rapidly coalesce into massive objects from a young star’s cooling disk, which is made mostly of the same kind of material as the star. The first process is called core accretion, and the second is called disk instability. Knowing which formation model is more common can give scientists clues to distinguish between the types of planets they find in other systems.
    “Our hope with this kind of research is to understand our own solar system, life, and ourselves in the comparison to other exoplanetary systems, so we can contextualize our existence,” Balmer said. “We want to take pictures of other solar systems and see how they’re similar or different when compared to ours. From there, we can try to get a sense of how weird our solar system really is—or how normal.”

    Of the nearly 6,000 exoplanets discovered, few have been directly imaged, as even giant planets are many thousands of times fainter than their stars. The images of HR 8799 and 51 Eridani were made possible by Webb’s NIRCam (Near-Infrared Camera) coronagraph, which blocks light from bright stars to reveal otherwise hidden worlds.
    This technology allowed the team to look for infrared light emitted by the planets in wavelengths that are absorbed by specific gases. The team found that the four HR 8799 planets contain more heavy elements than previously thought.
    The team is paving the way for more detailed observations to determine whether objects they see orbiting other stars are truly giant planets or objects such as brown dwarfs, which form like stars but don’t accumulate enough mass to ignite nuclear fusion.
    “We have other lines of evidence that hint at these four HR 8799 planets forming using this bottom-up approach” said Laurent Pueyo, an astronomer at the Space Telescope Science Institute in Baltimore, who co-led the work. “How common is this for planets we can directly image? We don’t know yet, but we’re proposing more Webb observations to answer that question.”
    “We knew Webb could measure colors of the outer planets in directly imaged systems,” added Rémi Soummer, director of STScI’s Russell B. Makidon Optics Lab and former lead for Webb coronagraph operations. “We have been waiting for 10 years to confirm that our finely tuned operations of the telescope would also allow us to access the inner planets. Now the results are in and we can do interesting science with it.”
    The NIRCam observations of HR 8799 and 51 Eridani were conducted as part of Guaranteed Time Observations programs 1194 and 1412 respectively.
    The James Webb Space Telescope is the world’s premier space science observatory. Webb will solve mysteries in our solar system, look beyond to distant worlds around other stars, and probe the mysterious structures and origins of our universe and our place in it. Webb is an international program led by NASA with its partners, ESA (European Space Agency) and the Canadian Space Agency.
    Downloads
    Click any image to open a larger version.
    View/Download all image products at all resolutions for this article from the Space Telescope Science Institute.
    View/Download the research results from The Astrophysical Journal.

    Laura Betz – laura.e.betz@nasa.govNASA’s Goddard Space Flight Center, Greenbelt, Md.
    Hannah Braun – hbraun@stsci.eduSpace Telescope Science Institute, Baltimore, Md.
    Roberto Molar CandanosaJohns Hopkins University, Baltimore, Md.

    More Webb News
    More Webb Images
    Webb Science Themes
    Webb Mission Page
    Webb Blog: How Webb’s Coronagraphs Reveal Exoplanets in the Infrared
    Video: Eclipse/Coronagraph Animation
    Video: Exploring Star and Planet Formation
    Learn more about gas giants

    What is the Webb Telescope?
    SpacePlace for Kids
    En Español
    Ciencia de la NASA
    NASA en español 
    Space Place para niños

    MIL OSI USA News –

  • MIL-OSI USA: New Modeling Assesses Age of Next Target Asteroid for NASA’s Lucy

    Source: NASA

    Although NASA’s Lucy spacecraft’s upcoming encounter with the asteroid Donaldjohanson is primarily a mission rehearsal for later asteroid encounters, a new paper suggests that this small, main belt asteroid may have some surprises of its own. New modeling indicates that Donaldjohanson may have been formed about 150 million years ago when a larger parent asteroid broke apart; its orbit and spin properties have undergone significant evolution since.

    When the Lucy spacecraft flies by this approximately three-mile-wide space rock on April 20, 2025, the data collected could provide independent insights on such processes based on its shape, surface geology and cratering history.
    “Based on ground-based observations, Donaldjohanson appears to be a peculiar object,” said Simone Marchi, deputy principal investigator for Lucy of Southwest Research Institute in Boulder, Colorado and lead author of the research published in The Planetary Science Journal. “Understanding the formation of Donaldjohanson could help explain its peculiarities.”
    “Data indicates that it could be quite elongated and a slow rotator, possibly due to thermal torques that have slowed its spin over time,” added David Vokrouhlický, a professor at the Charles University, Prague, and co-author of the research.
    Lucy’s target is a common type of asteroid, composed of silicate rocks and perhaps containing clays and organic matter. The new paper indicates that Donaldjohanson is a likely member of the Erigone collisional asteroid family, a group of asteroids on similar orbits that was created when a larger parent asteroid broke apart. The family originated in the inner main belt not very far from the source regions of the near-Earth asteroids Bennu and Ryugu, recently visited respectively by NASA’s OSIRIS-REx and JAXA’s (Japan Aerospace Exploration Agency’s) Hayabusa2 missions.
    “We can hardly wait for the flyby because, as of now, Donaldjohanson’s characteristics appear very distinct from Bennu and Ryugu. Yet, we may uncover unexpected connections,” added Marchi.
    “It’s exciting to put together what we’ve been able to glean about this asteroid,” said Keith Noll, Lucy project scientist at NASA’s Goddard Space Flight Center in Greenbelt, Maryland. “But Earth-based observing and theoretical models can only take us so far – to validate these models and get to the next level of detail we need close-up data. Lucy’s upcoming flyby will give us that.”
    Donaldjohanson is named for the paleontologist who discovered Lucy, the fossilized skeleton of an early hominin found in Ethiopia in 1974, which is how the Lucy mission got its name. Just as the Lucy fossil provided unique insights into the origin of humanity, the Lucy mission promises to revolutionize our knowledge of the origin of humanity’s home world. Donaldjohanson is the only named asteroid so far to be visited while its namesake is still living.
    “Lucy is an ambitious NASA mission, with plans to visit 11 asteroids in its 12-year mission to tour the Trojan asteroids that are located in two swarms leading and trailing Jupiter,” said SwRI’s Dr. Hal Levison, mission principal investigator at the Boulder, Colorado branch of Southwest Research Institute in San Antonio, Texas. “Encounters with main belt asteroids not only provide a close-up view of those bodies but also allow us to perform engineering tests of the spacecraft’s innovative navigation system before the main event to study the Trojans. These relics are effectively fossils of the planet formation process, holding vital clues to deciphering the history of our solar system.”
    Lucy’s principal investigator is based out of the Boulder, Colorado, branch of Southwest Research Institute, headquartered in San Antonio. NASA’s Goddard Space Flight Center in Greenbelt, Maryland, provides overall mission management, systems engineering, and safety and mission assurance. Lockheed Martin Space in Littleton, Colorado, built the spacecraft. Lucy is the 13th mission in NASA’s Discovery Program. NASA’s Marshall Space Flight Center in Huntsville, Alabama, manages the Discovery Program for the agency’s Science Mission Directorate in Washington.
    By Deb Schmid and Katherine Kretke, Southwest Research Institute
    Media Contact:Karen Fox / Molly WasserHeadquarters, Washington202-358-1600karen.c.fox@nasa.gov / molly.l.wasser@nasa.gov
    Nancy N. JonesNASA’s Goddard Space Flight Center, Greenbelt, Md.

    MIL OSI USA News –

  • MIL-OSI Security: ‘Bearded Bandit’ Bank Robber Sentenced for New Year’s Eve 2019 Robbery

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

    PROVIDENCE, RI – A Cranston man, previously referred to as the “Bearded Bandit,” and who served more than six years in federal prison for robbing nine banks in 2012, was sentenced on Friday to time served (62 months) for robbing an East Providence bank on New Year’s Eve in December 2019, and for violating the terms of his supervised release related to his previous convictions, announced Acting United States Attorney Sara Miron Bloom.

    Justin Worley, 44, was sentenced on Friday by U.S. District Court Senior Judge William E. Smith. In addition to the imposition of a sentence of times served, Worley is ordered to serve a term of three years of supervised release, the first six months in a residential reentry center. Additionally, he was ordered to pay restitution in the amount of $11,569.

    Worley pleaded guilty on October 30, 2024, to charges of conspiracy to commit bank robbery and bank robbery. He has been detained since his arrest on January 21, 2020.

    In pleading guilty, Worley admitted to the court that on New Year’s Eve Day in December 2019,  he and a co-defendant approached bank tellers inside an East Providence bank branch and demanded that they empty their money drawers. The second man, Nicholas Lage, 39, brandished a knife during the robbery. Between them, the two men fled the bank with approximately $11,569. They were located and arrested later that evening at Twin River casino.

    The court found that Worley violated the terms of his federal supervised release imposed at sentencing related to his conviction for robbing nine banks in 2012.

    Nicholas Lage pleaded guilty on April 1, 2021, to charges of conspiracy to commit bank robbery and bank robbery.  He was sentenced on August 6, 2021, to 36 months of incarceration to be followed by three years of federal supervised release.

    The cases were prosecuted by Assistant United States Attorney Ronald R. Gendron.

    The matter was investigated by the East Providence Police Department and the FBI.

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    MIL Security OSI –

  • MIL-OSI Security: Mexican National Sentenced To 45 Months’ Imprisonment For Illegally Reentering And Unlawfully Possessing Firearm And Ammunition

    Source: Office of United States Attorneys

    Tampa, Florida – U.S. District Judge Richard A. Lazzara has sentenced Horus Samuel Marquez Villatoro (31) to three years and nine months in federal prison for illegal reentry by a removed alien, and possession of a firearm and ammunition by an alien illegally in the United States. The court also ordered the defendant to forfeit the firearm and ammunition that he illegally possessed. Marquez Villatoro pled guilty on December 18, 2024.

    According to court documents, Marquez Villatoro, a citizen of Mexico with no legal status in the United States, was removed from the United States on three previous occasions before reentering unlawfully sometime after 2019. On January 23, 2024, the defendant was found in Hillsborough County driving a car that contained a black Glock 17 9mm pistol, an extended magazine, and over 100 rounds of ammunition. Marquez Villatoro knew that the firearm and ammunition were in the car, and that he was an alien and unlawfully in the United States.

    This case was investigated by Immigration and Customs Enforcement (ICE) Enforcement and Removal Operations (ERO). It was prosecuted by Assistant United States Attorney Lindsey N. Schmidt.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    MIL Security OSI –

  • MIL-OSI Security: Arkansas Man Convicted of Armed Bank Robbery

    Source: Office of United States Attorneys

    OKLAHOMA CITY – A federal jury has convicted BRIAN KEITH MAYS, 58, of Arkansas, of committing armed bank robbery and brandishing a firearm in furtherance of a crime of violence, announced U.S. Attorney Robert J. Troester.

    On January 21, 2025, a federal Grand Jury returned a two-count Superseding Indictment, charging Mays with armed bank robbery and brandishing a firearm in furtherance of a crime of violence. On March 13, 2025, after a three-day trial, a federal jury found Mays guilty of both counts.

    According to evidence presented at trial, on July 5, 2024, Mays brandished a pistol at the FNB Community Bank in Harrah, Oklahoma, and demanded money from the tellers. The tellers complied, and Mays left the bank with $12,123.00. Agents with the FBI reviewed surveillance footage from the bank and an adjoining store, where they viewed Mays flee the scene. An eyewitness was able to obtain the tag number of the get-away vehicle, and an investigation into that car led authorities to Mays. Location data from Mays’s cell phone showed that Mays was in the area of the bank at the time of the robbery and visited a Walmart shortly after the robbery. While at Walmart, Mays transferred approximately $3,000.00 dollars to a person in Arkansas and could be seen on surveillance video pulling a large amount of cash from his pocket to pay for an item.

    At sentencing, Mays faces up to life in federal prison and fines of up to $500,000.00.

    This case is the result of an investigation by the FBI Oklahoma City and Fort Smith Field Offices, Harrah Police Department, Cleveland County Sheriff’s Office, and the Oklahoma City Police Department. Assistant U.S. Attorneys Daniel Gridley and Drew E. Davis are prosecuting the case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    Reference is made to public filings for additional information.

    MIL Security OSI –

  • MIL-OSI Security: Beckley Woman Sentenced to Prison for Role in Beckley Drug Trafficking Organization

    Source: Office of United States Attorneys

    BECKLEY, W.Va. – Kimberly Rosetta Logan, 48, of Beckley, was sentenced today to two years and 10 months in prison, to be followed by three years of supervised release, for distribution of fentanyl. Logan admitted to her role in a drug trafficking organization (DTO) that distributed methamphetamine, fentanyl and cocaine base, also known as “crack,” in Beckley and elsewhere within the Southern District of West Virginia.

    According to court documents and statements made in court, on April 10, 2024, Logan sold a quantity of fentanyl to a confidential informant at her residence in Beckley. Logan admitted to the transaction and to distributing additional amounts of fentanyl and cocaine to other individuals while using some herself throughout May 2024. Logan ordered an average of 8 grams of fentanyl and 4 grams of cocaine per week from her Beckley-based supplier by phone during that time period, receiving the controlled substances at her residence.

    Logan has a long criminal history that includes prior convictions including for battery, obstruction of an officer, numerous shoplifting offenses, and controlled substances offenses.

    Logan is among 12 individuals indicted on charges alleging the defendants conspired to distribute methamphetamine, fentanyl, and cocaine base within the Southern District of West Virginia from in or about June 2023 to in or about May 2024. All 12 have pleaded guilty, including two defendants who pleaded guilty to separate charges in lieu of the offenses alleged in the indictment.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI), the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the Beckley/Raleigh County Drug and Violent Crime Unit, which consists of officers from the West Virginia State Police, the Raleigh County Sheriff’s Department, and the Beckley Police Department.

    Chief United States District Judge Frank W. Volk imposed the sentence. Assistant United States Attorney Andrew D. Isabell prosecuted the case.

    The investigation was part of the Department of Justice’s Organized Crime Drug Enforcement Task Force (OCDETF). The program was established in 1982 to conduct comprehensive, multilevel attacks on major drug trafficking and money laundering organizations and is the keystone of the Department of Justice’s drug reduction strategy. OCDETF combines the resources and expertise of its member federal agencies in cooperation with state and local law enforcement. The principal mission of the OCDETF program is to identify, disrupt and dismantle the most serious drug trafficking organizations, transnational criminal organizations and money laundering organizations that present a significant threat to the public safety, economic, or national security of the United States.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 5:24-cr-90.

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    MIL Security OSI –

  • MIL-OSI Security: Broward Man Pleads Guilty to Impersonating U.S. Citizen to Vote in Federal Election

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    MIAMI – Carlos Abreu, 36, of Sunrise, Fla., has pleaded guilty in two consolidated federal cases (24cr60155 and 25cr60015) to the following charges: (1) falsely claiming United States citizenship to register to vote; (2) using a United States citizen’s name to vote; (3) possessing firearms as an alien without lawful status; (4) making false statements in support of a passport application; and (5) aggravated identity theft.

    According to the two factual proffers, Abreu entered the United States without inspection and, in 2007, assumed the identity of the victim, “C.R.V.” Between 2007 and his August 2024 arrest, Abreu held himself out as “C.R.V.” to Federal, state, and local government agencies. The victim, “C.R.V.,” is a United States citizen living in Puerto Rico who did not know Abreu.

    Abreu obtained a Florida driver’s license in 2007.  He registered to vote under the name “C.R.V.” in 2016, and renewed his registration in 2020. He admitted to voting in federal elections in 2016 and 2022. Abreu also admitted to obtaining a Florida concealed carry permit in “C.R.V.’s” name and purchasing four firearms. Abreu also conceded that, in 2021, he had attempted to obtain U.S. passports for his two minor daughters as well as himself, using “C.R.V.’s” name and personal identifying information, all without lawful authorization.

    Abreu is scheduled to be sentenced on June 10, 2025, before U.S. District Judge David S. Leibowitz.  Abreu faces up to fifteen years on the gun possession count, ten years on the passport counts, five years on the voting counts, and a mandatory minimum of two years for aggravated identity theft. The court will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    United States Attorney Hayden P. O’Byrne for the Southern District of Florida, and Acting Special Agent in Charge Michael Conklin of the U.S. Department of State Diplomatic Security Service (DSS) Miami Field Office made the announcement.

    DSS’ Miami Field Office investigated the case.  The DSS San Juan Resident Office in Puerto Rico and ATF Miami provided invaluable assistance.  Assistant U.S. Attorneys Brianna Coakley and Daniel Rosenfeld are prosecuting the case. Assistant U.S. Attorney Nadya Z. Cheatham is handling asset forfeiture.

    You may find a copy of this press release (and any updates) on the website of the United States Attorney’s Office for the Southern District of Florida at www.justice.gov/usao-sdfl.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case numbers 24-cr-60155 and 25-cr-60015.

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    MIL Security OSI –

  • MIL-OSI Security: Woman who Possessed “Sawed-Off” Shotgun and Shared Guns with Felon-Husband Sentenced to Federal Prison

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    An Iowa woman who illegally possessed a sawed-off shotgun and shared multiple guns with her husband, a convicted felon who was prohibited from possessing firearms, was sentenced March 14, 2025, to 42 months’ imprisonment.

    Sarah Kay Johnson, age 38, from Mason City, Iowa, received the prison term after an October 17, 2024 guilty plea to possession of a national firearms destructive device not registered to possessor.

    In October 2023, law enforcement officers traffic stopped Ian Jon Duffy, Johnson’s then boyfriend, due to concerns about his wellbeing.  At that time, he possessed multiple loaded firearms.  Duffy had a prior domestic abuse conviction which prohibited him from possessing firearms.  After the traffic stop, Duffy had Johnson obtain a Glock handgun for him.  At this time, Duffy was also prohibited from possessing a firearm due to a felony conviction.  Johnson obtained several firearms that she shared with Duffy in their residence, including a sawed-off shotgun.

    Johnson was sentenced in Cedar Rapids by United States District Court Chief Judge C.J. Williams.  Johnson was sentenced to 42 months’ imprisonment.  She must also serve a three-year term of supervised release after the prison term.  There is no parole in the federal system.

    The case was prosecuted by Assistant United States Attorney Nicole L. Nagin, and it was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Federal Bureau of Investigation, the Waterloo Police Department, and the Cedar Falls Police Department.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.

    The case file number is 24-CR- 02031-1.

    Follow us on X @USAO_NDIA.

    MIL Security OSI –

  • MIL-OSI: Hallador Energy Company Reports Fourth Quarter and Full Year 2024 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    – Q4 2024 Total Revenue of $94.2 Million; FY’24 Total Revenue of $404.4 Million –
    – Q4 2024 Operating Cash Flow up Materially to $32.5 Million; FY’24 Operating Cash Flow of $65.9 Million –
    – Q4 2024 Adjusted EBITDA up ~3x YoY to $6.2 Million; FY’24 Adjusted EBITDA of $16.8 Million –

    TERRE HAUTE, Ind., March 17, 2025 (GLOBE NEWSWIRE) — Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”) today reported its financial results for the fourth quarter and full year ended December 31, 2024.

    “2024 was a transformative year for Hallador as we continued our evolution from a bituminous coal producer to a vertically integrated independent power producer (“IPP”), while also advancing our products and services up the energy value chain,” said Brent Bilsland, President and Chief Executive Officer. “This deliberate transition aligns with market trends and reflects our conviction in the superior economics of the IPP business model. In fall 2024, we reached an important milestone in our transformation by signing a non-binding term sheet with a leading global data center developer on a transaction that would, if completed, sell a majority of our power production and accredited capacity at enhanced margins for more than a decade to come. We are making meaningful progress toward finalizing definitive agreements for this transaction within the exclusivity period that runs from January through early June 2025, further strengthened by our partner’s commitment to pay up to $5 million during this period. While navigating these complex transactions requires coordination across multiple stakeholders and while there can be no assurance that definitive agreements will be entered into, we remain encouraged by our partner’s commitment and believe this strategic partnership will drive long-term value for our shareholders.”

    “The ongoing industry shift from dispatchable generators, such as coal and natural gas, to non-dispatchable resources like wind and solar, has increased the value of our Hallador Power subsidiary due to the enhanced reliability, resilience and consistency that we provide over the less predictable non-dispatchables. At the same time, the retirement of coal-based generation has reduced demand for coal supply, impacting the value of our Sunrise Coal subsidiary. In anticipation of these market dynamics, we proactively reduced production volume and shifted our focus away from the higher cost coal reserves, which lowered our operational cash costs in the fourth quarter. These strategic actions along with lower long-term coal price projections resulted in a fourth-quarter non-cash write-down of Sunrise Coal’s carrying value by approximately $215 million, which underscores the foresight of our transition to power generation in the coming years.”

    Bilsland continued, “Looking ahead, our focus remains on maximizing the value of our Merom Power Plant while actively pursuing opportunities to acquire additional dispatchable generators that can add durability, scale, and geographic expansion to our electric operations. Additionally, we are forging strong relationships with sophisticated counterparties to secure favorable collateral terms and effectively manage our forward power sales in 2025 and 2026, which we believe will enhance our financial flexibility in the short to medium term. During 2024, we also reduced our bank debt by more than 50% to $44 million at year-end. We are excited about our continued transformation from a commodity-focused coal producer to an IPP with a secure fuel supply, a strategy we believe will unlock expanding energy market margins, drive sustainable growth, and enhance cash flow generation for our shareholders.”

    Fourth Quarter 2024 Highlights

    • Hallador advanced its restructuring efforts for its subsidiary Sunrise Coal, focusing on production optimization and cost reductions to strengthen its operations.
      • During 2024, the Company reduced its coal production volume by approximately 40% and shifted its focus away from the higher cost portions of its coal reserves. This optimization of coal production reduced Hallador’s operational cash cost structure to better align its coal strategy to support its internal electric generation.
      • As a result of reducing coal production, optimizing its reserve base, and the declining price of contracted coal sales, Hallador realized an approximate $215 million non-cash write down in the fourth quarter associated with the carrying value of its Sunrise Coal subsidiary.
    • The Company continues to shift its revenue mix to prioritize electric sales as an independent power producer.
      • Fourth quarter electric sales were $69.7 million or 74% of total Q4 revenue, compared to $37.1 million or 31% of total Q4 revenue in the year-ago period.
      • Fourth quarter Coal sales were $23.4 million or 25% of total revenue, compared to $81.3 million or 68% of total revenue in the year-ago period.
    • Hallador continues to focus on forward sales to secure its energy position.
      • At year-end, Hallador had total forward energy, capacity and coal sales to 3rd party customers of $1.1 billion through 2029, up from $937.2 million at the end of the third quarter.
      • Subsequent to year end, Hallador signed an exclusive commitment agreement with a leading global data center developer, effective January 2, 2025. This agreement is in furtherance of the previously announced non-binding term sheet signed during the third quarter of 2024, reflecting an important milestone as both the Company and the developer seek to finalize a definitive transaction agreement to support the delivery of energy and capacity (through a utility partner) to a potential data center development within the State of Indiana. The completion of this proposed transaction is subject to, among other matters, the negotiation and execution of definitive agreements and there can be no assurance that definitive agreements will be entered into or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all.
    • The Company continues to strengthen its balance sheet.
      • Total bank debt was $44.0 million at December 31, 2024, compared to $70.0 million at September 30, 2024 and $91.5 million at December 31, 2023.
      • Total liquidity was $37.8 million at December 31, 2024 compared to $34.9 million at September 30, 2024 and $26.2 million at December 31, 2023.
     
    Financial Summary ($ in Millions and Unaudited)
                             
        Q1 2024   Q2 2024   Q3 2024   Q4 2024
    Electric Sales   $ 60.7     $ 59.4     $ 71.7     $ 69.7  
    Coal Sales– 3rd Party   $ 49.6     $ 32.8     $ 31.7     $ 23.3  
    Other Revenue   $ 1.3     $ 1.0     $ 1.4     $ 1.8  
    Total Operating Revenue   $ 111.6     $ 93.2     $ 104.8     $ 94.8  
    Net Income (Loss)   $ (1.7 )   $ (10.2 )   $ 1.6     $ (215.8 )
    Operating Cash Flow   $ 18.5     $ 26.1     $ (11.2 )   $ 32.5  
    Adjusted EBITDA*   $ 6.8     $ (5.8 )   $ 9.6     $ 6.2  

    _________________________________

    *   Non-GAAP financial measure, defined as operating cash flows less effects of certain subsidiary and equity method investment activity, plus bank interest, less effects of working capital period changes, plus other amortization

    Adjusted EBITDA should not be considered an alternative to net income, income from operations, cash flows from operating activities or any other measure of financial performance presented in accordance with GAAP. Our method of computing Adjusted EBITDA may not be the same method used to compute similar measures reported by other companies.

    Management believes the non-GAAP financial measure, Adjusted EBITDA, is an important measure in analyzing our liquidity and is a key component of certain material covenants contained within our Credit Agreement, specifically the minimum quarterly EBITDA. Noncompliance with the covenants could result in our lenders requiring the Company to immediately repay all amounts borrowed. If we cannot satisfy these financial covenants, we would be prohibited under our Credit Agreement from engaging in certain activities, such as incurring additional indebtedness, making certain payments, and acquiring and disposing of assets. Consequently, Adjusted EBITDA is critical to the assessment of our liquidity. The required amount of Adjusted EBITDA is a variable based on our debt outstanding and/or required debt payments at the time of the quarterly calculation based on a rolling prior 12-month period.

    Reconciliation of the non-GAAP financial measure, Adjusted EBITDA, to Income (Loss) before Income taxes, the most comparable GAAP measure, is as follows (in thousands) for the twelve months ended December 31, 2024 and 2023, respectively.

     
    Reconciliation of GAAP “Income (Loss) before Income Taxes” to non-GAAP “Adjusted EBITDA”
    (In $ Thousands and Unaudited)
                 
           Year Ended
           December 31, 
           2024       2023 
    NET INCOME (LOSS)   $ (226,138 )   $ 44,793  
    Interest expense     13,850       13,711  
    Income tax expense (benefit)     (9,404 )     4,465  
    Depreciation, depletion and amortization     65,626       67,211  
    EBITDA     (156,066 )     130,180  
    Other operating revenue     (275 )     10  
    Stock-based compensation     4,454       3,554  
    Asset impairment     215,136       —  
    Asset retirement obligations accretion     1,628       1,804  
    Other amortization     (46,310 )     (30,613 )
    (Gain) loss on disposal or abandonment of assets, net     (50 )     398  
    Loss on extinguishment of debt     2,790       1,491  
    Equity method investment (loss)     746       552  
    Settlement of litigation     2,750       —  
    Other reclassifications     (8,043 )     —  
    Adjusted EBITDA   $ 16,760     $ 107,376  
                     
     
    Solid Forward Sales Position – Segment Basis, Before Intercompany Eliminations (unaudited):
                                                     
        2025   2026   2027   2028   2029   Total
    Power                                                
    Energy                                                
    Contracted MWh (in millions)     4.25       3.36       1.78       1.09       0.27       10.75  
    Average contracted price per MWh   $ 37.24     $ 44.43     $ 54.66     $ 52.94     $ 51.33          
    Contracted revenue (in millions)   $ 158.27     $ 149.28     $ 97.29     $ 57.70     $ 13.86     $ 476.40  
                                                     
    Capacity                                                
    Average daily contracted capacity MWh     773       727       623       454       100          
    Average contracted capacity price per MWd   $ 201     $ 230     $ 226     $ 225     $ 230          
    Contracted capacity revenue (in millions)   $ 55.95     $ 61.12     $ 51.40     $ 37.33     $ 3.47     $ 209.27  
                                                     
    Total Energy & Capacity Revenue                                                
                                                     
    Contracted Power revenue (in millions)   $ 214.22     $ 210.40     $ 148.69     $ 95.03     $ 17.33     $ 685.67  
                                                     
    Coal                                                
    Priced tons – 3rd party (in millions)     2.95       2.50       2.50       0.50       —       8.45  
    Avg price per ton – 3rd party   $ 51.04     $ 55.49     $ 56.74     $ 59.00     $ —          
    Contracted coal revenue – 3rd party (in millions)   $ 150.57     $ 138.73     $ 141.85     $ 29.50     $ —     $ 460.65  
                                                     
    TOTAL CONTRACTED REVENUE (IN MILLIONS) – CONSOLIDATED   $ 364.79     $ 349.13     $ 290.54     $ 124.53     $ 17.33     $ 1,146.32  
                                                     
    Priced tons – Intercompany (in millions)     2.30       2.30       2.30       2.30       —       9.20  
    Avg price per ton – Intercompany   $ 51.00     $ 51.00     $ 51.00     $ 51.00     $ —          
    Contracted coal revenue – Intercompany (in millions)   $ 117.30     $ 117.30     $ 117.30     $ 117.30     $ —     $ 469.20  
                                                     
    TOTAL CONTRACTED REVENUE (IN MILLIONS) – SEGMENT   $ 482.09     $ 466.43     $ 407.84     $ 241.83     $ 17.33     $ 1,615.52  
                                                     

    Forward-Looking Statements
    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act“), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act“). Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as “expects,” “believes,” “intends,” “anticipates,” “plans,” “estimates,” “guidance,” “target,” “potential,” “possible,” or “probable” or statements that certain actions, events or results “may,” “will,” “should,” or “could” be taken, occur or be achieved. Forward-looking statements include, without limitation, those relating to our ability to execute definitive agreements with respect to the non-binding term sheet with a leading global data center developer.   Forward-looking statements are based on current expectations and assumptions and analyses made by Hallador and its management in light of experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to, those set forth in Hallador’s annual report on Form 10-K for the year ended December 31, 2024, and other Securities and Exchange Commission filings. Hallador undertakes no obligation to revise or update publicly any forward-looking statements except as required by law.

    Conference Call and Webcast

    Hallador management will host a conference call on Monday, March 17, 2025 at 5:30 p.m. Eastern time to discuss its financial and operational results, followed by a question-and-answer period.

    Date: Monday, March 17, 2025
    Time: 5:30 p.m. Eastern time
    Dial-in registration link: here
    Live webcast registration link: here

    The conference call will also be broadcast live and available for replay in the investor relations section of the Company’s website at www.halladorenergy.com.

     
    Hallador Energy Company
    Condensed Consolidated Balance Sheets
    As of December 31,
    (in thousands)
    (unaudited)
                 
        2024   2023
    ASSETS            
    Current assets:            
    Cash and cash equivalents   $ 7,232     $ 2,842  
    Restricted cash     4,921       4,281  
    Accounts receivable     15,438       19,937  
    Inventory     36,685       23,075  
    Parts and supplies     39,104       38,877  
    Prepaid expenses     1,478       2,262  
    Assets held-for-sale     —       1,540  
    Total current assets     104,858       92,814  
    Property, plant and equipment:            
    Land and mineral rights     70,307       115,486  
    Buildings and equipment     429,857       537,131  
    Mine development     92,458       158,642  
    Finance lease right-of-use assets     13,034       12,346  
    Total property, plant and equipment     605,656       823,605  
    Less – accumulated depreciation, depletion and amortization     (347,952 )     (334,971 )
    Total property, plant and equipment, net     257,704       488,634  
    Equity method investments     2,607       2,811  
    Other assets     3,951       5,521  
    Total assets   $ 369,120     $ 589,780  
                 
    LIABILITIES AND STOCKHOLDERS’ EQUITY            
    Current liabilities:            
    Current portion of bank debt, net   $ 4,095     $ 24,438  
    Accounts payable and accrued liabilities     44,298       62,908  
    Current portion of lease financing     6,912       3,933  
    Contract liabilities – current     97,598       66,316  
    Total current liabilities     152,903       157,595  
    Long-term liabilities:            
    Bank debt, net     37,394       63,453  
    Convertible notes payable     —       10,000  
    Convertible notes payable – related party     —       9,000  
    Long-term lease financing     8,749       8,157  
    Deferred income taxes     —       9,235  
    Asset retirement obligations     14,957       14,538  
    Contract liabilities – long-term     49,121       47,425  
    Other     1,711       1,789  
    Total long-term liabilities     111,932       163,597  
    Total liabilities     264,835       321,192  
    Commitments and contingencies (Note 22)            
    Stockholders’ equity:            
    Preferred stock, $.10 par value, 10,000 shares authorized; none issued     —       —  
    Common stock, $.01 par value, 100,000 shares authorized; 42,621 and 34,052 issued and outstanding, as of December 31, 2024 and December 31, 2023, respectively     426       341  
    Additional paid-in capital     189,298       127,548  
    Retained earnings (deficit)     (85,439 )     140,699  
    Total stockholders’ equity     104,285       268,588  
    Total liabilities and stockholders’ equity   $ 369,120     $ 589,780  
                     
     
    Hallador Energy Company
    Condensed Consolidated Statements of Operations
    For the years ended December 31,
    (in thousands, except per share data)
    (unaudited)
                 
        2024   2023
    SALES AND OPERATING REVENUES:            
    Electric sales   $ 261,527     $ 267,927  
    Coal sales     137,448       361,926  
    Other revenues     5,419       5,025  
    Total sales and operating revenues     404,394       634,878  
    EXPENSES:            
    Fuel     49,343       103,388  
    Other operating and maintenance costs     118,364       199,855  
    Cost of purchased power     10,888       —  
    Utilities     15,914       17,730  
    Labor     116,164       152,417  
    Depreciation, depletion and amortization     65,626       67,211  
    Asset retirement obligations accretion     1,628       1,804  
    Exploration costs     260       904  
    General and administrative     26,527       26,159  
    Asset impairment     215,136       —  
    (Gain) loss on disposal or abandonment of assets, net     (50 )     398  
    Settlement of litigation     2,750       —  
    Total operating expenses     622,550       569,866  
                 
    INCOME (LOSS) FROM OPERATIONS     (218,156 )     65,012  
                 
    Interest expense (1)     (13,850 )     (13,711 )
    Loss on extinguishment of debt     (2,790 )     (1,491 )
    Equity method investment (loss)     (746 )     (552 )
    NET INCOME (LOSS) BEFORE INCOME TAXES     (235,542 )     49,258  
                 
    INCOME TAX EXPENSE (BENEFIT):            
    Current     (169 )     (164 )
    Deferred     (9,235 )     4,629  
    Total income tax expense (benefit)     (9,404 )     4,465  
                 
    NET INCOME (LOSS)   $ (226,138 )   $ 44,793  
                 
    NET INCOME (LOSS) PER SHARE:            
    Basic   $ (5.72 )   $ 1.35  
    Diluted   $ (5.72 )   $ 1.25  
                 
    WEIGHTED AVERAGE SHARES OUTSTANDING            
    Basic     39,504       33,133  
    Diluted     39,504       36,827  
                     
     
    Hallador Energy Company
    Condensed Consolidated Statements of Cash Flows
    For the years ended December 31,
    (in thousands)
    (unaudited)
                 
        2024   2023
    CASH FLOWS FROM OPERATING ACTIVITIES:            
    Net income (loss)   $ (226,138 )   $ 44,793  
    Adjustments to reconcile net income to net cash provided by operating activities:            
    Deferred income tax (benefit)     (9,235 )     4,629  
    Equity method investment (loss)     746       552  
    Cash distribution – equity method investment     —       625  
    Depreciation, depletion and amortization     65,626       67,211  
    Asset impairment     215,136       —  
    Loss on extinguishment of debt     2,790       1,491  
    (Gain) loss on disposal or abandonment of assets, net     (50 )     398  
    Amortization of debt issuance costs     1,747       3,233  
    Asset retirement obligations accretion     1,628       1,804  
    Cash paid on asset retirement obligation reclamation     (1,407 )     (3,384 )
    Stock-based compensation     4,454       3,554  
    Amortization of contract asset and contract liabilities     (70,203 )     (97,018 )
    Director fees paid in stock     150       —  
    Change in current assets and liabilities:            
    Accounts receivable     4,499       9,952  
    Inventory     (13,610 )     15,548  
    Parts and supplies     (227 )     (10,582 )
    Prepaid expenses     784       1,186  
    Accounts payable and accrued liabilities     (14,580 )     (18,992 )
    Contract liabilities     103,181       33,804  
    Other     643       610  
    Net cash provided by operating activities   $ 65,934     $ 59,414  
                     
     
    Hallador Energy Company
    Condensed Consolidated Statements of Cash Flows
    For the years ended December 31,
    (in thousands)
    (continued)
    (unaudited)
                 
        2024   2023
    CASH FLOWS FROM INVESTING ACTIVITIES:            
    Capital expenditures   $ (53,367 )   $ (75,352 )
    Proceeds from sale of equipment     4,239       62  
    Proceeds from held-for-sale assets     3,200       —  
    Investment in equity method investments     (542 )     —  
    Net cash used in investing activities     (46,470 )     (75,290 )
                 
    CASH FLOWS FROM FINANCING ACTIVITIES:            
    Payments on bank debt     (147,000 )     (59,713 )
    Borrowings of bank debt     99,500       66,000  
    Payments on lease financing     (5,633 )     —  
    Proceeds from sale and leaseback arrangement     5,134       11,082  
    Issuance of related party notes payable     5,000       —  
    Payments on related party notes payable     (5,000 )     —  
    Debt issuance costs     (673 )     (6,013 )
    ATM offering     34,515       7,318  
    Taxes paid on vesting of RSUs     (277 )     (2,101 )
    Net cash provided by (used in) financing activities     (14,434 )     16,573  
    Increase in cash, cash equivalents, and restricted cash     5,030       697  
    Cash, cash equivalents, and restricted cash, beginning of year     7,123       6,426  
    Cash, cash equivalents, and restricted cash, end of year   $ 12,153     $ 7,123  
                 
    CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:            
    Cash and cash equivalents   $ 7,232     $ 2,842  
    Restricted cash     4,921       4,281  
        $ 12,153     $ 7,123  
                 
    SUPPLEMENTAL CASH FLOW INFORMATION:            
    Cash paid for interest   $ 10,511     $ 9,966  
                 
    SUPPLEMENTAL NON-CASH FLOW INFORMATION:            
    Change in capital expenditures included in accounts payable and prepaid expense   $ 356     $ 1,882  
                     

    About Hallador Energy Company

    Hallador Energy Company (Nasdaq: HNRG) is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana. The Company has two core businesses: Hallador Power Company, LLC, which produces electricity and capacity at its one Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which produces and supplies fuel to the Merom Generating Station and other companies. To learn more about Hallador, visit the Company’s website at http://www.halladorenergy.com/.

    Company Contact

    Marjorie Hargrave
    Chief Financial Officer
    (303) 917-0777
    MHargrave@halladorenergy.com

    Investor Relations Contact

    Sean Mansouri, CFA
    Elevate IR
    (720) 330-2829
    HNRG@elevate-ir.com

    The MIL Network –

  • MIL-OSI Europe: Written question – Plan worth over EUR 100 billion – E-001001/2025

    Source: European Parliament

    Question for written answer  E-001001/2025
    to the Commission
    Rule 144
    Daniel Buda (PPE)

    The Commission has announced a plan worth EUR 100 billion to give short-term support to EU industry in response to environmental over-regulation which is contributing to a decrease in its competitiveness in the global market. This plan forms part of the Clean Industrial Deal, which aims to decarbonise traditional industries and boost the green technologies sector. The principal measures include creating an industrial decarbonisation bank financed from existing EU funds and the carbon market, and revising public procurement criteria so that they include sustainability and European preference. The Commission intends to reduce industrial emissions by up to 30 % and support investment in renewable energies and clean production. Measures to reduce energy prices and create new jobs in the green energy sector are also planned, but some industries, such as steelmaking, are at risk of rapid decline if they do not receive help urgently.

    Against the background of the Clean Industry Deal and the announced measures to support the decarbonisation of European industry, how does the Commission intend to make sure that vulnerable sectors, such as steelmaking, will receive the necessary support within a short time, bearing in mind the risk of imminent economic collapses without immediate intervention? What are the adaptation measures and the social protection measures for workers in these industries?

    Submitted: 7.3.2025

    Last updated: 17 March 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – ENISA agreement with the Republic of Korea – E-001002/2025

    Source: European Parliament

    Question for written answer  E-001002/2025
    to the Commission
    Rule 144
    César Luena (S&D)

    Cyber threats have no borders and to combat them it is imperative to cooperate with regions and countries with which we share the values of defence of democracy and freedom and which respect human rights and the rule of law.

    In this regard, in 2023, the European Union Agency for Cybersecurity (ENISA) signed agreements in the areas of capacity building, exchange of best practices and increasing situational awareness with its counterparts in Ukraine as well as with the US Agency for Cybersecurity and Infrastructure Security (CISA).

    In 2024, following the second Digital Partnership Council, the EU and the Republic of Korea agreed to continue cooperation in the area of cybersecurity. The 2024 review of the Republic of Korea’s cybersecurity strategy includes joint cybersecurity actions with like-minded countries.

    Given that Russia, China and North Korea are carrying out increasingly aggressive and sophisticated criminal cyber activities that also affect the EU:

    Does the Commission intend to encourage ENISA to sign an agreement with the Republic of Korea similar to those signed with Ukraine and the US?

    Submitted: 7.3.2025

    Last updated: 17 March 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – A common system for the return of third-country nationals staying illegally in the European Union – 17-03-2025

    Source: European Parliament

    According to Directive 2008/115/EC, third-country nationals staying illegally on the territory of a European Union (EU) Member State should, as a general rule, be issued a return decision obliging them to leave the EU. However, available data suggest that, among those who receive such a decision, only about a quarter actually leave the EU. The limited effectiveness of the return policy is due to several challenges that the EU and Member States face when carrying out return procedures, including difficulties related to implementation at national level. To increase the effectiveness of the EU return policy, the European Commission announced in its 2025 work programme that it would develop a new common approach to returns, including a new legislative proposal on the subject.

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – Slovakia’s climate action strategy – 17-03-2025

    Source: European Parliament

    Slovakia aims to reach climate neutrality by 2050 (see trajectory in Figure 1).The country accounted for 1.1 % of the EU’s total greenhouse gas (GHG) emissions in 2023 and achieved an emissions reduction of 27.3 % from 2005 to 2023, slightly below the EU average reduction of 30.2 % over the same period. Emissions from sectors under the EU emission trading system (ETS) fell by 41.7 %. For the effort-sharing sectors, Slovakia largely over-achieved its targets for 2020. Slovakia’s land use, land-use change and forestry (LULUCF) sector is an important carbon sink, absorbing almost a fifth of the country’s emissions. In April 2023, Slovakia proposed a revision to its recovery and resilience plan, adding a REPowerEU chapter. Slovakia submitted a draft updated national energy and climate plan (NECP) in August 2023. The European Commission assessed it and made recommendations for the final NECP, overdue since June 2024. In a 2023 survey, only a quarter of Slovaks (26 %), compared with an EU average of 46 %, identified climate change to be one of the four most serious problems facing the world. Most expect national government (64 %) and/or business and industry (63 %) to tackle climate change, 50 % see it as a task of the EU, while only 26 % find it to be a personal responsibility. This briefing is one in a series covering all EU Member States.

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: CCI approves acquisition of steel-making coal portfolio of Anglo American plc in Australia by Peabody MNG Pty Ltd and Peabody SMC Pty Ltd

    Source: Government of India

    Posted On: 17 MAR 2025 8:35PM by PIB Delhi

    The Competition Commission of India has approved acquisition of steel-making coal portfolio of Anglo-American plc in Australia by Peabody MNG Pty Ltd and Peabody SMC Pty Ltd.

    The proposed transaction involves the acquisition by Peabody MNG Pty Ltd (Peabody MNG) and Peabody SMC Pty Ltd (Peabody SMC) (collectively, Acquirers), of a portion of assets and businesses associated with Anglo American plc’s (Anglo) steel-making coal portfolio in Australia (Proposed Combination).

    The Acquirers are newly incorporated special purpose vehicles formed for the purposes of the Proposed Combination. Each of them is ultimately owned by Peabody Energy Corporation (Peabody). Peabody, [together with its affiliates, (the Peabody Group)], the ultimate parent company of the Peabody Group, is a global producer and supplier of metallurgical and thermal coal. The Peabody Group’s activities in India are primarily focused on the sales of coal by way of imports.

    The assets being acquired as part of the Proposed Combination consist of a portion of Anglo’s assets and businesses associated with its steel-making coal portfolio in Australia (Target Business). The Target Business is currently owned and controlled by Anglo and its subsidiaries, which is a global mining company. In India, the Target Business supplies coal by way of imports.

    Detailed order of the Commission will follow.

    *****

    NB/AD

    (Release ID: 2112022) Visitor Counter : 27

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CCI approves acquisition of Uprising Science Private Limited by Hindustan Unilever Limited

    Source: Government of India

    Posted On: 17 MAR 2025 8:33PM by PIB Delhi

    The Competition Commission of India has approved acquisition of Uprising Science Private Limited by Hindustan Unilever Limited.

    The proposed transaction involves the acquisition by Hindustan Unilever Limited (Acquirer/HUL), of 90.5% shareholding of Uprising Science Private Limited (Target), with eventual acquisition of the remaining 9.5% shareholding of the Target in about two years from the completion date as per the terms set out in the Share Purchase & Subscription Agreement executed by and between HUL and the Target.

    The Acquirer is involved in the business of manufacture and sale of: (a) home care products; (b) beauty & personal care products; (c) food products and refreshments. The Acquirer has over 50+ brands spanning distinct categories and includes Lux, Surf Excel, Fair & Lovely, Lakme, Knorr, Kwality Wall’s, Brooke Bond, BRU among others.

    The Target is engaged in the manufacture and sale of beauty and personal care products such as skin care & body care products, baby care products and hair care products.

    Detailed order of the Commission will follow.

    *****

     NB/AD

    (Release ID: 2112019) Visitor Counter : 28

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Indian Railways’ financial condition is good, providing more subsidy to passengers: Union Railway Minister

    Source: Government of India

    Indian Railways’ financial condition is good, providing more subsidy to passengers: Union Railway Minister

    The cost of travel per kilometer by train is ₹1.38, but passengers are charged only 73 paise.

    This year, 1,400 locomotives have been produced, which is more than the combined production of America and Europe.

    By March 31, Indian Railways, with 1.6 billion tons of cargo carriage, will be among the world’s top 3 countries.

    Important steps have been taken to prevent incidents like the New Delhi Railway Station accident in the future: Union Railway Minister

    Posted On: 17 MAR 2025 8:28PM by PIB Delhi

    Union Minister of Railways, Information & Broadcasting, and Electronics & Information Technology, Shri Ashwini Vaishnaw, today, during the discussion on the working of the Ministry of Railways in the Rajya Sabha, highlighted the achievements of Indian Railways and its future plans. He said that Indian Railways is not only providing safe and quality services to passengers at affordable fares but is also making a distinct identity at the global level. He also mentioned that in India, railway fares are lower compared to neighboring countries like Pakistan, Bangladesh, and Sri Lanka, whereas in Western countries, they are 10 to 20 times higher than in India.

    Regarding the subsidy being given to rail passengers, the Railway Minister said that currently, the cost of travel per kilometer by train is ₹1.38, but passengers are charged only 73 paise, meaning 47% subsidy is provided. In the financial year 2022-23, passengers were given a subsidy of ₹57,000 crore, which increased to approximately ₹60,000 crore in 2023-24 (provisional figure). Our goal is to provide safe and better services at minimal fares.

    Highlighting the benefits of railway electrification, the Union Minister said that despite the increasing number of passengers and freight transport, energy costs have remained stable. Indian Railways is working on the target of achieving ‘Scope 1 Net Zero’ by 2025 and ‘Scope 2 Net Zero’ by 2030. He informed that the export of locomotives manufactured at the Madhepura factory in Bihar will soon begin. Currently, Indian Railways’ passenger coaches are being exported to Mozambique, Bangladesh, and Sri Lanka, while locomotives are being sent to Mozambique, Senegal, Sri Lanka, Myanmar, and Bangladesh. Apart from this, bogie underframes are being exported to the United Kingdom, Saudi Arabia, France, and Australia, while propulsion parts are being sent to France, Mexico, Germany, Spain, Romania, and Italy.

    This year, 1,400 locomotives have been produced in India, which is more than the combined production of America and Europe. Along with this, 2 lakh new wagons have been added to the fleet. The Minister stated that in the financial year ending March 31, Indian Railways will transport 1.6 billion tons of cargo, making India one of the top three countries in the world, including China and America. This reflects the increasing capacity of the railway and its significant role in the logistics sector.

    Talking about railway safety, Union Minister Shri Ashwini Vaishnaw said that 41,000 LHB coaches have been prepared, and all ICF coaches will be converted into LHB coaches. Long rails, electronic interlocking, fog safety devices, and the ‘Kavach’ system are being implemented rapidly. Thanking Prime Minister Shri Narendra Modi, Shri Vaishnaw stated that earlier, the railway used to receive ₹25,000 crore in support, which has now increased to more than ₹2.5 lakh crore, leading to significant infrastructure improvements. Meanwhile, 50 Namo Bharat trains are being manufactured, offering both AC and non-AC options for short-distance travel.

    Regarding the recent accident at New Delhi Railway Station, the Union Railway Minister informed the House that a high-level committee is investigating this tragic incident. CCTV footage and all data have been secured, and facts are being examined by talking to about 300 people. Important steps have been taken to prevent such incidents in the future.

    The Minister said that our government is committed to the poorest of the poor. That is why the number of general coaches is being increased by 2.5 times compared to AC coaches. According to the current production plan, there is a program for the manufacturing of 17,000 non-AC coaches. Along with this, he stated that the financial condition of Indian Railways is good, and continuous efforts for improvement are ongoing. The railway has successfully overcome the challenges related to the COVID pandemic. The number of passengers is increasing, and freight transport is also rising. Now, railway revenue is about ₹2.78 lakh crore, and expenses are ₹2.75 lakh crore. Indian Railways is covering all major expenses from its own income, which has been made possible due to the better performance of the railway.

    In his concluding remarks in the Rajya Sabha, Shri Vaishnaw assured that the railway would emerge as a more modern, safe, and environmentally friendly transportation system in the future.

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    Dharamendra Tewari/Shatrunjay Kumar

    (Release ID: 2112013) Visitor Counter : 60

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Rashtriya Ayurveda Vidyapeeth Organizes 28th Convocation & Shishyopanayaniya Samskara

    Source: Government of India (2)

    Rashtriya Ayurveda Vidyapeeth Organizes 28th Convocation & Shishyopanayaniya Samskara

    Integrate Technology and Research to Further Strengthen Ayurveda: Shri Pratap Rao Jadhav

    LifeTime Achievements Award conferred to Prof. Banwari Lal Gaur, Prof. Kulwant Singh, Vaidya Mohan Narayan Tambe, and Dr.Bidhubhusan Nanda

    More than 100 CRAV Gurus and 120 Shishyas from across the country felicitated

    Posted On: 17 MAR 2025 8:06PM by PIB Delhi

    Rashtriya Ayurveda Vidyapeeth (RAV), under the Ministry of Ayush, Government of India, hosted its 28th Convocation & Shishyopanayaniya Samskara in New Delhi today. To enhance quality education and globalize Ayurveda, RAV also accredited one international and 6 National institutions for upholding high standards in Ayurveda education and practice. For doing exemplary work in the field of Ayurveda, RAV also conferred LifeTime Achievements Awards to Prof. Banwari Lal Gaur, Jaipur (Rajasthan), Prof. Kulwant Singh (Jammu and Kashmir), Vaidya Mohan Narayan Tambe, Satara (Maharashtra) and Dr. Bidhubhusan Nanda, Dhenkanal (Odisha). 

    Addressing the august gathering, Union Minister of State (Independent Charge), Ministry of Ayush, and Union Minister of State for Ministry of Health and Family Welfare, Shri Prataprao Jadhav praised RAV’s contributions in recognizing the invaluable work of Ayurvedic practitioners through the Lifetime Achievement Award & Fellow of RAV Award. He emphasized upon “Desh Ka Prakriti Parikshan” achievement, a national initiative aimed at mapping the natural health profiles of the population. He highlighted how Ayurveda’s role in preventive healthcare is becoming more prominent and urged practitioners to integrate technology and research to further strengthen the field.

    Shri Jadhav praised RAV’s contributions in recognizing the invaluable work of Ayurvedic Vaidyas through the Lifetime Achievement Award, acknowledging their lifelong dedication to Ayurveda. He commended RAV’s unique approach in training students through the CRAV course under the Guru-Shishya Parampara, ensuring that authentic Ayurvedic knowledge is passed in its purest form.

    Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush, addressed the guests and announced the launch of the Diplomate of National Board Ayurveda (DNB) program, a major milestone in advancing Ayurvedic education. He also emphasized upon the initiative of the Ministry of Ayush to introduce a 7.5-year Gurukul Schooling Program, reinforcing the Guru-Shishya Parampara and providing a more immersive learning experience for students.

    More than 100 CRAV Gurus and 120 Shishyas from across the country were felicitated during the event, marking their dedication to the Guru-Shishya Parampara. Shri Jadhav commended RAV’s efforts in imparting knowledge through the CRAV course, ensuring that students receive authentic and practical Ayurvedic education directly from experienced Gurus.

    A significant highlight of the event was RAV’s accreditation of 1 international and 6 national institutions for upholding high standards in Ayurveda education and practice. This initiative reinforces RAV’s commitment to enhancing quality education and globalizing Ayurveda.

    During the event, Vaidya Rajeev Bhardwaj, Member of Parliament from Kangra (Himachal Pradesh), Vaidya Meeta Kotecha from Jaipur (Rajasthan), Prof Sanjeev Sharma from Jaipur, Prof Arun Kumar Tripathi from Uttarakhand, Dr G Prabhakar Rao from New Delhi, Prof Lakshman Singh from Varanasi, Vaidya Ashutosh Gupta, Vaidya Urmila A Pitkar and Vaidya Nitin M Kamat from Maharashtra, Vaidya Shailja Uppinakuduru from Karnataka, Vaidya Vinod Kumar Vairagi from Madhya Pradesh, Vaidya Tuhin Kanti from West Bengal, Vaidya Tapan Kumar from Gujarat were given Fellow of RAV (FRAV) Award,  and felicitated by Minister of Ayush.

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    MV/AKS

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Smt. Nirmala Sitharaman launches PM Internship Scheme App in presence of MoS, Corporate Affairs Shri Harsh Malhotra

    Source: Government of India (2)

     Smt. Nirmala Sitharaman  launches PM Internship Scheme App  in presence of MoS, Corporate Affairs  Shri Harsh Malhotra

    PM Internship Scheme has the potential to bridge the gap between classroom learning and industry expectations- Finance Minister

    Posted On: 17 MAR 2025 8:18PM by PIB Delhi

    The Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, in the presence of MoS Corporate Affairs,  and MoS Road and Transport  Shri Harsh Malhotra launched  a dedicated mobile app for the Prime Minister’s Internship Scheme on 17th March, at Samanvay Hall No. 5, at Parliament, New Delhi.

    The App has the following features:

    • Intuitive interface with a clean design and effortless navigation
    • Easy registration through Aadhaar face authentication
    • Effortless navigation – Eligible candidates can sift through opportunities by location etc.
    • Personalized dashboard
    • Access to a dedicated support team
    • Real time alerts to keep candidates abreast of new updates

     

    Smt. Nirmala Sitharaman commended the Prime Minister’s vision in introducing a package of five schemes to promote employment, skilling, and opportunities. She emphasized that the PM Internship Scheme has the potential to bridge the gap between classroom learning and industry expectations, thereby enhancing youth employability. She further urged the industry to actively participate in the scheme, highlighting that their involvement would contribute to nation-building while fostering a skilled workforce in the country.

    The Minister of State, Shri Harsh Malhotra observed that the launch of the PMIS App will significantly enhance accessibility to internship opportunities for the youth.

    With the PMIS application, the users can also explore the referral program recently announced by Ministry of Corporate Affair (MCA). The referral program would enable the registered youth to refer other eligible candidates for the scheme and win rewards. The registered youth on the PM Internship portal (web browser) can also participate in this referral program.

    The Prime Minister’s Internship Scheme (PMIS Scheme) announced in the Budget 2024-25, aims to provide internship opportunities to one crore youth in top 500 companies in five years. As an initiation to this Scheme, the Pilot Project targeted at providing 1.25 lakh internship opportunities to the youth was launched on 03.10.2024 for the Financial Year 2024-25. Salient features of the Scheme are:

    • 12-month paid internships in top companies of India.
    • This scheme provides an opportunity to the youth to get training, and gain experience and skills within the real-life environment (at least six months) of the businesses or organizations that help in bridging the gap between academic learning and industry requirements, in turn, assisting enhancement of her/his employability.
    • The scheme targets individuals aged 21 to 24 who are currently not enrolled in any full-time academic program or not in full-time employment, offering them a unique chance to kick-start their careers.
    • Each intern will be supported with monthly financial assistance of ₹5,000, supplemented by one-time financial assistance of ₹6,000.

    In the round I of the pilot project (October – December 2024), over 1.27 lakh opportunities in about 745 districts were posted by around 280 companies across 25 sectors. Over 82,000 offers were made to the candidates.

    The round II of the Pilot Project commenced in January 2025 and about 327 companies have posted more than 1.18 lakh opportunities (both new and edited unfilled opportunities of the previous round) across the country.  Of these, around 37,000 opportunities are for graduates, 23,000 for ITI holders, 18,000 for diploma holders, 15,000 for 12th-grade and 25,000 are available for candidates with 10th qualifications. Opportunities spanning across various sectors such as Automobile, Travel & Hospitality, Banking & Finance etc. and varied job roles, such as sales and marketing, technical roles for ITI passouts, HR internships, and more, have been provided. These opportunities are spread across 735 districts in all states and union territories of the country.

    In Round II of the Pilot Project, initiatives have been undertaken to enhance access to and spread awareness about the PM Internship Scheme. The dashboard of the PMIS Portal has been simplified, made more user-friendly, and greater details of the opportunities and roles offered have been provided. Officials from the MCA, state governments, and industry partners interacted with the youth at more than 80 outreach events held at various educational institutes, such as colleges and Rozgar Melas.

    A framework for assessment of the implementation of the Pilot Project, and to acknowledge and reward the efforts of the State and UTs in the implementation of the PMIS, has been introduced in round II of PMIS.

    The internship application window for round II is open up till 31ST March, 2025. 

    Eligible youth can apply through the new mobile app or through the Portal accessible at https://pminternship.mca.gov.in/.

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    NB/AD

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    MIL OSI Asia Pacific News –

  • MIL-OSI USA: YORK COUNTY – Shapiro Administration to Highlight Proposed Multimillion Dollar Investments to Improve Care for Pennsylvanians in Long-Term Care Facilities

    Source: US State of Pennsylvania

    March 18, 2025 – York, PA

    ADVISORY – YORK COUNTY – Shapiro Administration to Highlight Proposed Multimillion Dollar Investments to Improve Care for Pennsylvanians in Long-Term Care Facilities

    Pennsylvania Department of Health (DOH) Secretary Dr. Debra Bogen and Department of Aging (PDA) representatives will visit Country Meadows of York-West to highlight Governor Josh Shapiro’s investments in the 2025-26 proposed budget that help improve care for Pennsylvania’s older adults.

    To curb the rise in nursing facility closures in communities where these older adults live, Governor Shapiro’s 2025-2026 budget proposal includes $7.5 million to continue support for these long-term care facilities by increasing investments that help solve staffing challenges. The budget also proposes a $21 million investment to increase wages for direct care workers who provide services to adults with disabilities and older adults.

    More than 80,000 Pennsylvanians reside in over 700 nursing homes throughout the state. Over the past two years, investments disbursed through DOH’s Long-Term Care Transformation Office (LTCTO) helped meet the needs of the Commonwealth’s growing older adult population through major quality improvements in long-term care facilities. Country Meadows used the funding it received to help optimize its workforce and strengthen resident safety with the implementation of anti-fall software.

    WHO:
    Department of Health Secretary Dr. Debra Bogen
    Special Advisor to the Secretary of Aging Gabrielle Szymanski
    Country Meadows Senior Vice President of Operations Amy Wagaman

    WHEN:
    Tuesday, March 18, 2025, at 1:30 PM

    WHERE:
    Country Meadows of York-West
    1920 Trolley Road
    York, PA 17408
    (Independent Living Dining Room)

    PARKING: Follow signs onsite to direct attendees to available parking.

    MEDIA RSVP: Media interested in attending must RSVP with the name of the reporter and photojournalist to ra-dhpressoffice@pa.gov.

    MIL OSI USA News –

  • MIL-OSI NGOs: California’s dirty democrats exposed!

    Source: Greenpeace Statement –

    Dirty. Deceitful. Democrats. They take industry money and cover for the oil and gas industry’s lies and deception and then claim to do so in the interest of working people. They hide behind their political party affiliation hoping we won’t notice.

    Well, the jig is up. This spring, Greenpeace USA, California Working Families Party and Courage California, along with other local and statewide allies are exposing California’s Dirty Dems — the Democratic State Assembly Members and Senators who take the most money from the oil and gas industry and have a poor voting record on progressive issues. 

    Californians, who are paying for the climate crisis with their lives, homes, money, and so much more, are tired of corrupt politicians making callous decisions about our future. It’s time to hold our leaders accountable to the families and communities they serve. 

    Are you ready to meet these Dirty Dems? Each week we will surprise the messiest Democratic legislators with events in their district to confront their climate records and demand they pledge to do better. Words aren’t enough — it’s time for action.

    Urge your legislator (Dirty Dem or not!) to take the no fossil fuels money pledge.

    Thousands of candidates and elected officials have already taken the pledge. Make sure your legislator knows that true leaders answer to the people, not to corporate donors. 

    Are you in Assembly Member Nguyen’s district? Demand that she do better by your community and take the no fossil fuel money pledge.

    Stephanie Nguyen — Assembly Member, District 10

    Stephanie Nguyen chooses corporate money over clean communities.

    Representing the 10th District of South Sacramento’s Elk Grove area, Assembly Member Stephanie Nguyen has directly accepted $31K from the oil and gas industry, as well as personal gifts from the Western States Petroleum Association (the largest trade association representing the oil and gas industry in California). And during her election in 2022, a PAC funded primarily by big oil companies, including Chevron, spent $900K to get her elected.

    Assembly Member Nguyen has a shocking pattern of abstaining from voting on progressive priorities. She has received an F grade across the board from multiple environmental and environmental justice scorecards since she has been in office and she is on Courage California’s Hall of Shame.

    A few of the lowlights of Nguyen’s time in office:
    — Skipped the vote on a bill aimed at reducing noxious pollutants (linked to asthma and cancer) from being released into our communities
    — Skipped votes on multiple bills aimed at ensuring the oil and gas industry pays to clean up idle wells quickly and not stick taxpayers with the bill
    — Skipped the vote on a bill allowing the Civil Rights Department to better investigate and enforce civil rights violations
    — Voted against protections for grocery workers, against increasing the number of paid sick days, and against strengthening labor law enforcement

    Are you in Rep Nguyen’s district? Demand that she do better by your community and take the no fossil fuel money pledge.

    MIL OSI NGO –

  • MIL-OSI Global: Researchers created sound that can bend itself through space, reaching only your ear in a crowd

    Source: The Conversation – USA – By Jiaxin Zhong, Postdoctoral Researcher in Acoustics, Penn State

    For your ears only. Cinefootage Visuals/iStock via Getty Images Plus

    What if you could listen to music or a podcast without headphones or earbuds and without disturbing anyone around you? Or have a private conversation in public without other people hearing you?

    Our newly published research introduces a way to create audible enclaves – localized pockets of sound that are isolated from their surroundings. In other words, we’ve developed a technology that could create sound exactly where it needs to be.

    The ability to send sound that becomes audible only at a specific location could transform entertainment, communication and spatial audio experiences.

    What is sound?

    Sound is a vibration that travels through air as a wave. These waves are created when an object moves back and forth, compressing and decompressing air molecules.

    The frequency of these vibrations is what determines pitch. Low frequencies correspond to deep sounds, like a bass drum; high frequencies correspond to sharp sounds, like a whistle.

    Sound is composed of particles moving in a continuous wave.
    Daniel A. Russell, CC BY-NC-ND

    Controlling where sound goes is difficult because of a phenomenon called diffraction – the tendency of sound waves to spread out as they travel. This effect is particularly strong for low-frequency sounds because of their longer wavelengths, making it nearly impossible to keep sound confined to a specific area.

    Certain audio technologies, such as parametric array loudspeakers, can create focused sound beams aimed in a specific direction. However, these technologies will still emit sound that is audible along its entire path as it travels through space.

    The science of audible enclaves

    We found a new way to send sound to one specific listener: through self-bending ultrasound beams and a concept called nonlinear acoustics.

    Ultrasound refers to sound waves with frequencies above the human hearing range, or above 20 kHz. These waves travel through the air like normal sound waves but are inaudible to people. Because ultrasound can penetrate through many materials and interact with objects in unique ways, it’s widely used for medical imaging and many industrial applications.

    In our work, we used ultrasound as a carrier for audible sound. It can transport sound through space silently – becoming audible only when desired. How did we do this?

    Normally, sound waves combine linearly, meaning they just proportionally add up into a bigger wave. However, when sound waves are intense enough, they can interact nonlinearly, generating new frequencies that were not present before.

    This is the key to our technique: We use two ultrasound beams at different frequencies that are completely silent on their own. But when they intersect in space, nonlinear effects cause them to generate a new sound wave at an audible frequency that would be heard only in that specific region.

    Audible enclaves are created at the intersection of two ultrasound beams.
    Jiaxin Zhong et al./PNAS, CC BY-NC-ND

    Crucially, we designed ultrasonic beams that can bend on their own. Normally, sound waves travel in straight lines unless something blocks or reflects them. However, by using acoustic metasurfaces – specialized materials that manipulate sound waves – we can shape ultrasound beams to bend as they travel. Similar to how an optical lens bends light, acoustic metasurfaces change the shape of the path of sound waves. By precisely controlling the phase of the ultrasound waves, we create curved sound paths that can navigate around obstacles and meet at a specific target location.

    The key phenomenon at play is what’s called difference frequency generation. When two ultrasonic beams of slightly different frequencies, such as 40 kHz and 39.5 kHz, overlap, they create a new sound wave at the difference between their frequencies – in this case 0.5 kHz, or 500 Hz, which is well within the human hearing range. Sound can be heard only where the beams cross. Outside of that intersection, the ultrasound waves remain silent.

    This means you can deliver audio to a specific location or person without disturbing other people as the sound travels.

    Advancing sound control

    The ability to create audio enclaves has many potential applications.

    Audio enclaves could enable personalized audio in public spaces. For example, museums could provide different audio guides to visitors without headphones, and libraries could allow students to study with audio lessons without disturbing others.

    In a car, passengers could listen to music without distracting the driver from hearing navigation instructions. Offices and military settings could also benefit from localized speech zones for confidential conversations. Audio enclaves could also be adapted to cancel out noise in designated areas, creating quiet zones to improve focus in workplaces or reduce noise pollution in cities.

    A sound only you can hear.
    Daly and Newton/The Image Bank via Getty Images

    This isn’t something that’s going to be on the shelf in the immediate future. For instance, challenges remain for our technology. Nonlinear distortion can affect sound quality. And power efficiency is another issue – converting ultrasound to audible sound requires high-intensity fields that can be energy intensive to generate.

    Despite these hurdles, audio enclaves present a fundamental shift in sound control. By redefining how sound interacts with space, we open up new possibilities for immersive, efficient and personalized audio experiences.

    Yun Jing receives funding from NSF.

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

    – ref. Researchers created sound that can bend itself through space, reaching only your ear in a crowd – https://theconversation.com/researchers-created-sound-that-can-bend-itself-through-space-reaching-only-your-ear-in-a-crowd-252266

    MIL OSI – Global Reports –

  • MIL-OSI Global: Trump shrugs off stock market slump, but economic warning signs loom

    Source: The Conversation – UK – By Conor O’Kane, Senior Lecturer in Economics, Bournemouth University

    bodrumsurf / Shutterstock

    During Donald Trump’s first term as US president, he regularly referred to rising stock markets as evidence of the success of his economic policies. “Highest Stock Market EVER”, Trump wrote on social media in 2017 after record gains. “That doesn’t just happen!”

    And after securing a second term in November 2024, some of Trump’s close advisers told the New York Times that the president “sees the market as a barometer of his success and abhors the idea that his actions might drive down stock prices”.

    This, in addition to a broader economic policy agenda committed to lower regulation and significant tax cuts, had Wall Street investors bullish about their prospects under the new Trump administration.

    But fears of an escalating trade war have seen the S&P 500, an index of the leading 500 publicly traded companies in the US, drop more than 10% from its February 2025 high. A decline of this magnitude in a major index is what professional traders refer to as a “correction”. In less than a month, roughly US$5 trillion (£3.9 trillion) has been wiped off the value of US stocks.

    So, what exactly is driving down stock prices? Economists cite the president’s brinkmanship, as well as his start-stop approach to tariffs with Canada and Mexico, as having rattled global investors. Some commentators believe this “chaotic” trade agenda has created huge uncertainty for consumers, investors and businesses.

    In view of such policies, a recent JP Morgan report said that US economic policy was “tilting away from growth”, and put the chances of a US recession at 40%, up from 30% at the start of the year. Moody’s Analytics has upped the odds of a US recession from 15% to 35%, citing tariffs as a key factor driving the downturn in its outlook.

    Any economic downturn would have an adverse impact on the profitability of US corporations, and the declining share prices reflect the negative outlook from investors.

    So far, the Trump administration appears unfazed by the US stock market decline. In an address to Congress on March 4, Trump declared his use of tariffs was all about making America rich again. “There will be a little disturbance, but we’re okay with that,” he said.

    The White House has, since then, announced that some short-term pain may be necessary for Trump to implement his trade agenda successfully, which is designed to bring manufacturing jobs back to the US.

    So, should we read this economic turbulence as a temporary blip? Or is it symptomatic of a more fundamental shift in the US economy?

    Change of strategy

    Stephen Miran, who was recently confirmed as chairman of Trump’s council of economic advisers, wrote a paper in November 2024 titled: A User’s Guide to Restructuring the Global Trading System. The paper gives us an insight into the Trump administration’s wider economic strategy.

    It sets out Trump’s desire “to reform the global trading system and put American industry on fairer ground vis-a-vis the rest of the world”. Miran cites persistent US dollar overvaluation as the root cause of economic imbalances.

    Miran does not believe that tariffs are inflationary, and argues that their use during Trump’s first presidential term had little discernible macroeconomic consequences. He does concede that tariffs may eventually lead to an appreciation – or further overvaluation – of the US dollar. However, Miran sees the extent of that appreciation as “debatable”.

    He sees tariffs as a tool for leverage in trade negotiations. The administration could, for example, agree to a reduction in tariffs in exchange for significant investment is the US by key trading partners. China investing in car manufacturing in the US is specifically mentioned in his analysis.

    Miran also states his belief that tariffs can be used to raise tax revenues from foreigners in order to retain low tax rates on American citizens.

    Some economists agree that the US dollar is overvalued. A combination of its role as the world’s reserve currency, as well as the attractiveness of the US economy as an investment destination, fuels demand for the US dollar and makes it stronger.

    A strong US dollar has made American manufacturing exports less competitive. This has cost American jobs. The “rust belt” states of the north-eastern and mid-western US have experienced a decline in manufacturing employment over the past 40 years, which is evidence of this.

    However, it is worth noting that the many US manufacturers who import manufactured parts or components to make their products do benefit from a stronger dollar. This is because it makes the parts and materials they are importing cheaper. US mortgage holders and investors also benefit from a stronger dollar through lower interest rates on loans.

    Steven Englander, the head of research and strategy at Standard Chartered bank, believes there are some contradictions in the Trump administration’s approach.

    In a recent interview with the Financial Times, Englander said: “The problem for the new administration is that it simultaneously wants a weaker dollar, a reduced trade deficit, capital inflows, and the dollar to remain the key currency in international reserves and payments.”

    Reduced trade deficits and capital inflows would typically strengthen the US dollar, as does its position as the world’s reserve currency.

    As Miran says in his paper: “There is a path by which the Trump administration can reconfigure the global trading and financial systems to America’s benefit. But it is narrow, and will require careful planning, precise execution, and attention to steps to minimise adverse consequences.”

    Only time will tell whether the Trump administration can successfully navigate this “narrow” path. In the meantime, the recent turbulence in US stock prices appears to be acceptable to the Trump administration in their pursuit of reforming the global financial system.

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

    – ref. Trump shrugs off stock market slump, but economic warning signs loom – https://theconversation.com/trump-shrugs-off-stock-market-slump-but-economic-warning-signs-loom-251988

    MIL OSI – Global Reports –

  • MIL-OSI USA: Rosen, Colleagues Demand Department of Veterans Affairs Reverse Course on Plans to Reduce Workforce

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)
    WASHINGTON, DC – U.S. Senator Jacky Rosen (D-NV) joined her Senate colleagues in a letter opposing the Trump Administration’s plan to cut more than 80,000 employees at the Department of Veterans Affairs this year. They demanded that the VA reverse course, stressing the harmful impact it will have on veterans’ earned care and benefits, which have been dramatically expanded since 2019 thanks to laws passed with bipartisan support such as the PACT Act.
    “We write today regarding a memo issued by your Chief of Staff on March 4, and later proudly announced by you via Twitter, detailing a plan to reduce the Department of Veterans Affairs (VA) workforce to 2019 levels,” wrote the Senators. “Over the past five years, there have been monumental bipartisan expansions and improvements to veterans’ healthcare and benefits. Your proposal puts all of them at risk. And we believe it is blatantly dishonest to claim veterans’ healthcare and benefits will not be impacted by the termination of up to 83,000 employees, including 20,000 veterans.”
    “As we continue to first learn of these disastrous ideas from VA employees and veterans, we will continue to speak out and fight on behalf of those men and women unjustly and immorally harmed by your actions. We are not deterred or fooled by your political theatrics that seek to defend your actions with half-truths and vague, empty promises – and neither are veterans,” they continued. “We will make sure the public knows the truth – that cutting back to 2019 staffing levels means firing over 18,000 nurses, ten percent of the VA police force, nearly 10,000 schedulers, and more than thirty percent of the Veterans Benefits Administration staff… We urge you to start putting veterans first – to review VA’s own data, listen to your leadership and frontline staff on the ground serving veterans every day, and talk to veterans and their families. When you do, you will come to the one and only legitimate conclusion – that massive, arbitrary staff cuts will not make the Department more efficient nor improve care and benefits for veterans.”
    The full letter can be found HERE.
    Senator Rosen has been fighting for Nevada’s veterans. Last week, she called on the VA to permanently reverse layoffs of VA employees in Nevada, and helped introduce legislation to reinstate veterans wrongfully fired by President Trump and Elon Musk. Earlier this month, Senator Rosen took to the Senate floor to oppose the actions of the Trump Administration and Elon Musk to mass fire employees working at the VA. Senator Rosen also demanded the VA provide answers regarding mass employee terminations.

    MIL OSI USA News –

  • MIL-OSI USA: Senator Baldwin Launches “Hands Off Medicaid Tour”

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin
    WISCONSIN – Today, U.S. Senator Tammy Baldwin (D-WI) is launching her “Hands Off Medicaid Tour” to call out President Donald Trump and Congressional Republicans’ plan to slash Medicaid to pay for tax cuts for billionaires. At each stop, Senator Baldwin will be joined by individuals and families who rely on Medicaid and hear firsthand about what taking away that care would mean to their health and wellbeing.
    “Republicans are planning to rip away health care from Wisconsin grandparents, kids, and loved ones on Medicaid – all to pay for new tax breaks for billionaires,” said Senator Baldwin. “I’m launching my ‘Hands Off Medicaid Tour’ because sharing the stories of the real people who will have their care taken away is more important than ever. We need to show the President and Congressional Republicans what cuts to Medicaid would mean to Wisconsinites, show them that their tax cut for their wealthy friends will be life or death to some Wisconsinites, and show them we are fighting back.”
    The first stops of the “Hands Off Medicaid Tour” include:
    La Crosse on Monday, March 17, 2025
    Eau Claire on Tuesday, March 18, 2025
    Madison and Racine on Thursday, March 20, 2025
    Waukesha on Friday, March 21, 2025
    Details of each event will be released at a later date.
    Republicans are planning deep cuts to Medicaid that will jeopardize the coverage of 72 million Americans. In Wisconsin, over 1.2 million are enrolled in Medicaid. About 1 in 3 children in both Wisconsin’s rural and metro communities have Medicaid coverage. More than 300,000 kids under age 19 are members of BadgerCare Plus or another Wisconsin Medicaid program.
    Across the country, Medicaid covers nearly half of all children, 31.5 million, over 8.3 million seniors, and around 15 million people with disabilities. Medicaid also pays for 6 out of 10 residents in nursing homes, with 5.6 million Americans counting on Medicaid for their long-term care bills and Medicaid paying for over half of long-term care in the United States. Severe cuts to Medicaid will also jeopardize rural hospitals and clinics’ ability to keep their doors open. Over 12 million rural Americans rely on Medicaid for health care.

    MIL OSI USA News –

  • MIL-OSI USA: Baldwin Votes to Strengthen Penalties, Step Up Enforcement Around Deadly Fentanyl

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin
    WASHINGTON, D.C. – U.S. Senator Tammy Baldwin (D-WI) released the following statement after voting to pass the bipartisan Halt All Lethal Trafficking (HALT) Fentanyl Act to permanently classify fentanyl-related substances as Schedule I drugs under the Controlled Substances Act, putting the drug on par with the deadliest and most dangerous substances.
    “When it comes to confronting the opioid epidemic, to me and so many families in every corner of our state, it’s personal. With fentanyl, one pill can kill, and we need to be giving our law enforcement the tools they need to crack down on suppliers who traffic fentanyl into our communities,” said Senator Baldwin. “As I have always said, I will work with anyone to do right by Wisconsin and this bipartisan bill will help save lives and save more families from the heartache of losing a loved one too soon from fentanyl poisoning.”
    The HALT Fentanyl Act would permanently classify street versions of fentanyl as Schedule I substances, ensuring clear and enforceable penalties under the Drug Enforcement Administration (DEA). It also streamlines the registration process for studying Schedule I substances, allowing researchers to better understand and address the fentanyl crisis, while bolstering efforts to research fentanyl equivalents. Fentanyl-related substances are currently considered a Schedule I substance on a temporary basis until March 31; however, this legislation would make that qualification permanent. The HALT Fentanyl Act ensures that street versions of fentanyl produced by transnational criminal organizations are subject to criminal penalties and enables law enforcement, including U.S. Customs and Border Protection, to have the authority to seize these illicit substances and keep our communities safe.
    In Wisconsin, synthetic opioids, primarily fentanyl, were identified in 91 percent of opioid overdose deaths and 73 percent of all drug overdose deaths, according to the Department of Health Services. Provisional data shows the number of fentanyl overdose deaths in Wisconsin grew by 97 percent from 2019 (651) to 2021 (1,280).

    MIL OSI USA News –

  • MIL-OSI: B.C. On-Farm Technology Adoption Program Continues Support to B.C. Farmers

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 17, 2025 (GLOBE NEWSWIRE) — Starting March 17, farmers can apply to receive funding support to acquire new technology to support their operations through the B.C. On-Farm Technology Adoption Program.

    Launched in 2023 and delivered by Innovate BC, the B.C. On-Farm Technology Adoption Program provides B.C. and federal cost-shared funding to eligible participants, through the Sustainable Canadian Agricultural Partnership (Sustainable CAP), to adopt new technologies on-farm that will enhance profitability, productivity, and/or efficiency. This is the third intake for the program and focuses on new commercially available farming technologies that will help grow, raise, harvest, pack or store food more effectively, productively or profitably. The program will focus on funding labour-saving technologies that help address labour shortages and improve processes for labour-intensive tasks. 

    “In light of the heightened focus on sustainability, now more than ever, it is crucial for consumers to buy local produce, as this not only supports local economies and reduces carbon footprints, but also provides fresher, more flavourful food.” said Lana Popham, Minister of Agriculture and Food. “Thanks to this program, we’re helping farmers and food producers all over the province use technology to increase their efficiency and production, as well as address labor challenges the sector is facing. This new intake will allow more producers to have the latest equipment and software on their farms so they can be more competitive, improve their bottom line, and produce more of the food that feeds our communities.”

    Applications for this round of funding are open from March 17 to April 28. Farmers with operations within British Columbia can apply, with up to $2.25M available from the governments of Canada and British Columbia for the current 2025/2026 fiscal year. 

    Farmers can use the funding to buy new technologies, such as equipment and robotics that can operate independently and adapt to their environment. Examples are automated weeding equipment and harvesters or machinery that can perform tasks with minimal human interaction, like automated grading and sorting machines. 

    As of March 17, 2025, the program has awarded $4.12M to support 85 farm projects in B.C. with adopting new technologies.

    “With rising costs and shifting market conditions, investing in innovation is more critical than ever to strengthen local food security and keep B.C. farms competitive,’ said Peter Cowan, President + CEO of Innovate BC, “The B.C. On-Farm Technology Adoption Program helps farmers access cutting-edge agritech that boosts efficiency and resilience, ensuring they can keep their business productive and remain key contributors to our economy and communities. Innovate BC is proud to deliver this program on behalf of the Ministry of Agriculture and Food, supporting a strong agricultural sector and a more prosperous B.C.”

    “Through B.C.’s Integrated Marketplace, we are supporting our agriculture sector to adopt new technologies to make their businesses more productive and profitable, and make our economy stronger,” said Diana Gibson, Minister of Jobs, Economic Development and Innovation. “Through innovation, we can support our farmers and grow not only food but also a more resilient economy.” 

    Part of Innovate BC’s Integrated Marketplace suite of programming, the B.C. On-Farm Technology Adoption Program is funded by the Sustainable Canadian Agricultural Partnership (Sustainable CAP). The Sustainable CAP is a five-year, $3.5-billion investment by federal, provincial and territorial governments to strengthen the competitiveness, innovation and resilience of Canada’s agriculture, agrifood and agriculture-based products sector. This includes $1 billion in federal programs and activities and a $2.5-billion commitment that is cost-shared 60% federally and 40% provincially/territorially for programs that are designed and delivered by provinces and territories.

    To learn more about Innovate BC, visit innovatebc.ca.

    Additional Quotes

    Sam DiMaria, Owner, Bella Rosa Orchards

    “Labour is the highest operating cost for my orchard, and I knew that adopting a mobile picking platform could help address this. The B.C. On-Farm Technology Adoption Program support allowed me to bring in the platform, which is already making a difference. Emerging technologies play a crucial role in making farming more efficient and cost-effective. Farmers must be willing to learn and embrace these changes, and government support can help us transition successfully.” 

    Media Contact

    Michael Gleboff
    Communications + Community Manager
    mgleboff@innovatebc.ca
    604–602-5210

    About Innovate BC

    A Crown Agency of British Columbia, Innovate BC works to foster innovation across the province and bolster the growth of the local economy through delivering a wide range of programs that help companies start and scale, access talent and encourage technology development, commercialization, and adoption. Innovate BC also harnesses crucial data collection and research, and works to forge strategic industry and community partnerships that create more opportunities for B.C. innovators.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/12b1c076-c344-428e-8b97-1f55a4d5ac89

    The MIL Network –

  • MIL-OSI Global: The women spies who fooled the Nazis with simple tricks

    Source: The Conversation – UK – By Josephine Durant des Aulnois, PhD student in Sociology, University of Oxford

    If spy films have taught us anything, it’s that the people chosen for a career in espionage are special. They are the cream of the crop selected because they exhibit unique skills: high levels of intelligence and certain emotional traits that made them perfect for spying.

    During the second world war, the Special Operations Executive (SOE) was a British agency tasked with training spies to conduct espionage, sabotage and reconnaissance in German-occupied Europe and in east Asia. Active from 1940 to 1946, SOE was a pioneering British secret service. This is because it employed civilians, from all backgrounds, including women, which was unusual at a time where most spies were recruited from the army.

    The women hired by the agency were the only ones allowed to take on a combatant role by the British Army during the second world war. However, many have been unjustly forgotten.

    These women were active throughout Nazi-occupied Europe, but most women worked in France. They were not French, but French speakers who tried to pass for local. On paper, this might seem impossible, since being fluent in a language does not make you a spy.

    SOE recruited prospective agents on the basis of their language skills, and trained most of them in England before sending them into the field. Despite their lack of experience, many SOE women successfully duped German soldiers. Here are some of the simple but effective ways they managed such deception.

    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

    Emotional control

    First, women spies sometimes fooled people simply by appearing calm. Irish agent Maureen Patricia “Paddy” O’Sullivan had grown-up in Belgium and was renowned for her daring personality. In a post-war interview, she described how she avoided a thorough search while carrying compromising documents. O’Sullivan acted confident and friendly to divert the soldier’s attention from her bag:

    As she laughed and joked with the German, he was distracted from making a closer examination.

    The spies’ cool was frequently praised in post-war commendations. Remaining calm was no mean feat, especially since most SOE recruits had never worked undercover. In France, they could be questioned by Nazis at any time and nervousness made them look suspicious.

    Agent Yvonne Cormeau joined SOE after losing her husband during a bombing at the beginning of the war. In a 1989 interview, she summarised the situation perfectly: “We learned to live with fear.”

    Physical appearance

    SOE spies did alter their appearance in order not to be recognised, but for most, this merely involved picking clothes which matched their cover. Yvonne Cormeau was sent to a farm in southern France, where the pro-Allied owners gave her new clothes and an apron. She was supposed to pass as their assistant and needed to look like one.

    A few agents went a step further and dyed their hair. This was the case of Noor Inayat Khan (code name Madeleine), a Sufi Muslim of royal lineage born to Indian and American parents. Betrayed to the Germans, she was executed at Dachau concentration camp in 1944.

    Noor Inayat Khan.
    Imperial War Museums/Wikimedia, CC BY

    Inayat Khan’s contribution to SOE proved invaluable. For several months in 1943, she was the sole radio operator still active in Paris amid the growing Gestapo presence.

    However, her constant hair dyeing was less effective. To try and escape the notice of the Gestapo, she regularly bleached her hair blonde, but this actually brought her to the attention of the Germans.

    They questioned Alfred and Emilie Balachowsky, her contacts who lived near Paris and led a local resistance network, about the presence of a woman “sometimes blonde and sometimes brunette”. The agent was not arrested on that occasion, but her efforts had backfired.

    Everyday habits

    Locals like the Balachowskys provided crucial support for SOE women, who could be given away by any small gesture. Despite having grown up near Paris, Inayat Khan threatened her cover just by pouring tea.

    Shortly after her arrival, Mrs Balachowsky invited neighbours to a tea party, during which the SOE agent poured the milk first into her cup, leading a neighbour to comment that she behaved like a Brit. Emilie Balachowsky quickly corrected Inayat Khan, who was not the only spy to make errors based on cultural differences.

    Yvonne Cormeau.
    Imperial War Museums/Wikimedia, CC BY

    While at the farm, Yvonne Cormeau was asked to watch the owner’s cows. She was about to bring her knitting kit, until her contact explained that this would give her away: “I was forbidden from knitting, as we Englishwomen knit differently.”

    These anecdotes are a testament to the importance of everyday habits and of the agents’ local contacts. For SOE women, espionage in France was very much about teamwork.

    While Inayat Khan was compromised and executed, for the most part the SOE’s civilian programme for women was a success. The SOE paved the way for other agencies which gradually started to recruit civilians of all genders after the second world war.

    Some of its methods are also used by modern secret services, such as the illegals programme, a Russian initiative which involves sending Russian operatives fluent in English undercover in the US.

    Despite this success, the contribution of women like Patricia O’Sullivan, Yvonne Cormeau and Noor Inayat Khan has remained widely overlooked. They deserve to be remembered along with the period’s male spies.

    Josephine Durant des Aulnois receives funding from the Clarendon Fund, managed by Oxford University.

    – ref. The women spies who fooled the Nazis with simple tricks – https://theconversation.com/the-women-spies-who-fooled-the-nazis-with-simple-tricks-251653

    MIL OSI – Global Reports –

  • MIL-OSI Global: Why Americans care so much about eggs prices – and how this issue got so political

    Source: The Conversation – UK – By Clodagh Harrington, Lecturer in American Politics, University College Cork

    The price of eggs has risen dramatically in recent years across the US. A dozen eggs cost US$1.20 (92p) in June 2019, but the price is now around US$4.90 (with a peak of US$8.17 in early March).

    Some restaurants have imposed surcharges on egg-based dishes, bringing even more attention to escalating costs. And there are also shortages on supermarket shelves.

    In the coming months, the US plans to import up to 100 million of this consumer staple. Government officials are approaching countries from Turkey to Brazil with enquiries about eggs for export.

    Agriculture secretary Brooke Rollins, who previously said that one option to the crisis was for people to get a chicken for their backyard, suggested in the Wall Street Journal that prices are unlikely to stabilise for some months. And Donald Trump recently shared an article on Truth Social calling on the public to “shut up about egg prices”.

    The main cause of the problem is an outbreak of avian flu that has resulted in over 166 million birds in the US being slaughtered. Around 98% of the nation’s chickens are produced on factory farms, which are ripe for contagion.

    According to the Centers for Disease Control, the flu has already spread to several hundred dairy cattle and to one human. The USDA recently announced a US$1 billion plan to counter the problem, with funding for improved bio-security, vaccine research and compensation to farmers.

    In January 2025, Donald Trump’s White House press secretary, Karoline Leavitt, blamed the previous administration for high egg prices. It is true that birds were slaughtered on President Joe Biden’s watch, but this was and remains standard practice at times of bird flu outbreaks and had also been the case during the Obama and first Trump administrations.

    However, this points to the way the rising price of eggs has become a political touchstone. It was referred to regularly in campaign speeches and press briefings as a sign of things going wrong and a symbol of the US economy faced. Donald Trump promised to fix the price of eggs swiftly if elected, but so far the issue shows no sign of going away.

    Prices are still trending up. Even when prices suddenly drop, as they have this week, the public know how much cheaper they used to be until recently, and do not tend to feel better.

    There are a number of reasons why egg prices have become an important to US politicians. First, almost everyone buys eggs. So the shortage and subsequent price rise is newsworthy and affects consumers in all income brackets.

    Secondly, they are a measure of broader economic vulnerabilities, so egg-related problems tend to be part of a larger story about how weak the economy is. And thirdly, egg prices are political because of Trump’s promise to bring them down.



    Read more:
    US inflation has increased since Trump took office – why prices are unlikely to come down soon

    Polls showed that the economy and inflation were key factors in voter choice on election day 2024. In February 2025, Donald Trump did an interview with NBC News in which he said he won the election on the border and groceries.

    On immigration, voters often base their opinions on what they perceive to be true. For example, tough rhetoric on building a wall may equate with a sense of feeling that the president is taking strong action, whether anything tangible actually materialises or not.

    With groceries, reality trumps perception. The price of eggs is printed on the box and the cost is paid directly by voters.

    Donald Trump on what he’s doing on egg prices and the economy.

    Then there are the egg producers. US farmers tended to overwhelmingly support Trump on election day, so it is prudent for him to feel their pain, or at least appear to. Farming areas voted for him increasingly in his three election efforts, even increasing their support for him in 2020 after trade wars and price increases which would have negatively impacted them.

    Another factor that may push up egg prices is that an estimated 70% of the factory farm workforce is immigrant labour, and as many as 40% are undocumented. Should the administration’s plans for high tariffs and mass deportations come to fruition, the industry would struggle to function.

    Further food price increases will be inevitable, with potential exacerbation via the funding freezes for some USDA programmes that Trump has enacted. As of March 2025, US$1 billion in cuts has been announced, the consequences of which are already being felt by farmers. The “pain now for gain later” message is a tricky political sell.

    Even in the current era of international turbulence, elections are largely won on more pedestrian matters. Specifically, “kitchen-table” economics is relatable to every voter, regardless of how grand, or not, their table is.

    Americans will be aware that in neighbouring Canada, egg prices have not risen dramatically and there have not been shortages. But prices in Canada have been traditionally higher than the US, this is in part at least because farming standards differ.

    The US does not have high welfare standards for agricultural workers or animals, and this shortcoming needs to be addressed in order to help reduce future risk of flu, but this is likely to also raise prices.

    Blaming the previous incumbent is not a durable stance for Donald Trump. As former president Harry Truman might remind him: “The buck stops here.” Right at his desk.

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

    – ref. Why Americans care so much about eggs prices – and how this issue got so political – https://theconversation.com/why-americans-care-so-much-about-eggs-prices-and-how-this-issue-got-so-political-251752

    MIL OSI – Global Reports –

  • MIL-OSI Global: Plans to link electricity bills to where you live are unlikely to bring down prices – and that’s a big problem for net zero

    Source: The Conversation – UK – By Nicholas Harrington, Research Associate in Electricity Market Reform, University of Glasgow

    Diana Mower/Shutterstock

    A proposed reform to the way electricity is priced in Britain could see households pay a different bill based on their postcode.

    Presently, Britain’s electricity system operates as a single market across England, Wales and Scotland. Around 30% of electricity is traded through half-hourly auctions, known as the spot market, while the remaining 70% is traded in forward markets via contracts covering weeks, months, or even years of demand in advance.

    The price of electricity is, broadly speaking, determined by the spot market, as forward market contracts are hedged on the basis of current and expected future spot market prices.

    “Zonal pricing” would divide the British market into multiple separate zones instead, each with its own spot and forward markets to serve demand within it. In effect, zonal pricing would split one large market into a series of smaller, interconnected markets.

    Whether it is the right approach depends on what you expect it to achieve, and where your interests lie. The UK’s Department for Energy Security and Net Zero, tasked with the decision, has three main objectives: decarbonising the country’s power sector, securing the supply of power and lowering the prices consumers pay.

    I’m an academic investigating the factors that influence the UK’s ability to decarbonise the housing sector, in particular, the way people heat their homes. I’m most concerned with the affordability of electricity, since I take the view that the lower the price of electricity, the easier our journey to net zero emissions will be – and vice versa.

    A lower electricity price would make clean heating systems (such as heat pumps, which run on electricity) more attractive to consumers and reduce the scale of insulation and draughtproofing required to make the running cost of these systems competitive with gas boilers. My research suggests that the UK’s high electricity price is behind the country’s comparably low rate of heat pump adoption.

    Zonal pricing, as an electricity market reform, seems unlikely to lower electricity prices and drive decarbonisation on its own. Closer scrutiny of the electricity system and its mechanisms suggests it may only make things more complicated.

    The root cause of high bills

    At €0.321 (£0.27) per kilowatt-hour (kWh), the UK has the second-highest electricity price when compared to European Union countries. The EU average is €0.218 per kWh, meaning UK electricity costs around 47% more than it does for most of our EU neighbours.

    Despite Russia’s invasion of Ukraine (which triggered a spike in energy prices) starting more than three years ago now, electricity prices across the UK remain about 53% higher than pre-crisis levels. If the UK is generating more electricity from renewables each year — and renewable electricity is the cheapest on the market — why do prices keep rising instead of falling, as one might expect?

    The UK’s high electricity prices are the result of system marginal pricing, which lies at the heart of the spot market. At the end of each half-hourly auction, all electricity that is bid into the market is purchased at the price of the last unit required to meet demand.

    Since total demand is rarely met by renewables, the much more expensive gas generators typically set the price. It’s like going to a fruit market to buy ten apples, finding the first nine for £1 each, the last one for £3, and then having to pay £30 for the lot, rather than the expected £13.

    Because forward markets follow the spot market, and the spot market operates under system marginal pricing, UK consumers end up paying gas-generated electricity prices 98% of the time.



    Read more:
    How gas keeps the UK’s electricity bills so high – despite lots of cheap wind power

    Will zonal pricing lower these prices? On its own, no. This is because all zones under the scheme will still have spot markets operating under the marginal pricing model. Zonal pricing doesn’t address the fundamental problem that’s keeping electricity prices in Britain so high.

    Advocates of zonal pricing argue that it will encourage investment in the infrastructure required to lower electricity prices – namely, storage and transmission.

    Grid-scale and home batteries, pumped hydro and thermal energy storage help reduce final electricity prices by storing excess renewable energy for use when the wind isn’t blowing or the sun isn’t shining, so grid operators don’t have to rely on expensive gas-generated electricity to fill supply gaps. Meanwhile, transmission lines and cables ensure that renewable electricity is delivered where it is needed.

    By creating price differences between zones, so the argument goes, the market receives clear signals about where such investments would be most profitable.

    Would zonal pricing help build more of these?
    EOSMan/Shutterstock

    This argument, however, assumes that electricity prices will fall in some zones, and that the market has a strong incentive to invest in high-price areas.

    I’m compelled to ask two questions. What prevents zones that generate a lot of renewable electricity from selling their supply at higher prices in other zones, which could prevent renewables from meeting total demand and lead to the same price distortions currently seen due to marginal pricing?

    And if investments in storage and transmission are underwhelming when electricity prices are high everywhere, why would they suddenly become more likely when prices are only high in specific areas?

    Overall, I think the argument in favour of zonal pricing is unconvincing as it doesn’t address the structural issue underlying the UK’s high electricity prices: spot markets that operate according to system marginal pricing.

    If zonal pricing neither lowers consumer electricity prices nor significantly stimulates investment in storage and transmission on its own — and does not alter the geographic and planning factors that determine wind and solar farm locations — then it is unclear what it would achieve beyond adding complexity to an already complex electricity system.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.

    Nicholas Harrington receives funding from the Engineering & Physical Sciences Research Council (EPSCR).

    – ref. Plans to link electricity bills to where you live are unlikely to bring down prices – and that’s a big problem for net zero – https://theconversation.com/plans-to-link-electricity-bills-to-where-you-live-are-unlikely-to-bring-down-prices-and-thats-a-big-problem-for-net-zero-251922

    MIL OSI – Global Reports –